NORDEN GROUP LLC

CIK 0001990699 · Q1 2026

13F Equity AUM

$1.0B

+1.9% QoQ

Positions

615

+10 QoQ

AUM Rank

#2,719

Top 22%

Skill Alpha (FF)

-0.0%/yr^ns

No Clear Edge

Rank #2,420 · Top 29%

vs S&P -10.9%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 20.0%Top 10: 27.8%Top 20: 38.3%

PAAA6.0%

AAPL4.7%

NVDA4.5%

MSFT2.8%

AMZN2.0%

GOOGL1.9%

BIL1.8%

AVGO1.6%

LRCX1.4%

GOOG1.3%

Others (605)72.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services28.9%

Technology27.4%

Healthcare9.1%

Consumer Cyclical7.1%

Communication Services6.8%

Industrials6.7%

Consumer Defensive4.5%

Energy3.5%

Other6.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 615Median: 0.05%Avg: 0.16%

0–0.5%

577(49.8%)

0.5–1%

23(16.8%)

1–3%

12(18.2%)

3–5%

2(9.3%)

5%+

1(6.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 603Unique: 12vs 20 funds

8.2%Low

615

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BANK OF AMERICA CORP /DE/

12.6%

11.3%

12%

19%

13.9%

14.4%

VANGUARD CAPITAL MANAGEMENT LLC

13.8%

GEODE CAPITAL MANAGEMENT, LLC

13.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

15.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New79Increased280Decreased233Exited69

New Positions

EX91.0%

+234K

EXPE0.9%

+39K

AMLP0.6%

+124K

IJT0.6%

+41K

PPA0.6%

+36K

RAAX0.2%

+40K

WTW0.1%

+4K

VSOL0.1%

+81K

NODE0.1%

+27K

VGT0.1%

+1K

Increased

HODL0.3%

+160K(+590%)

QCOM1.0%

+60K(+275%)

CRM1.1%

+51K(+622%)

BIL1.8%

+32K(+18%)

CSGP0.1%

+29K(+279%)

NVDA4.5%

+28K(+12%)

MDLZ0.2%

+27K(+168%)

MO1.2%

+26K(+17%)

QQQI0.2%

+26K(+190%)

ANET0.9%

+24K(+44%)

Decreased

XLY0.0%

-56,130(-96%)

WDC0.1%

-45,159(-96%)

TPVG0.1%

-44,354(-25%)

PAAA6.0%

-33,213(-3%)

ADBE0.1%

-25,104(-88%)

RC0.1%

-22,916(-7%)

SPEM0.1%

-22,150(-45%)

VTV0.1%

-20,057(-75%)

PULS0.1%

-16,393(-38%)

MEDP0.0%

-12,098(-93%)

Exited

-142,300

-42,459

-25,365

-3,718

-30,465

-24,853

-14,140

-7,258

-3,991

-10,805

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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