SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Terra Nova Asset Management LLC

CIK 0001658652 · 777 THIRD AVENUE, NEW YORK, NY, 10017 · 212.355.1234

Reported Value
$127M
Q1 2025
Positions
85
Filings on Record
23
2019–present window
Filed
Apr 23, 2025
original filing

Summary

Terra Nova Asset Management LLC reported $127M in U.S.-listed holdings across 85 positions for Q1 2025.

Its largest position, MSFT, represents 3.6% of the portfolio.

Compared with Q4 2024, the fund opened 9 new positions and exited 8.

Portfolio Metrics

Turnover
+14.6%
vs prior filed quarter
Top-10 Concentration
+29.3%
share of reported value
Largest Position
+3.6%
Microsoft
New / Exited
9 / 8
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $37MQ4 ’18Q4 ’20: $99MQ1 ’21: $113MQ2 ’21: $116MQ2 ’21Q3 ’21: $125MQ4 ’21: $133MQ1 ’22: $108MQ1 ’22Q2 ’22: $90MQ3 ’22: $92MQ4 ’22: $95MQ4 ’22Q1 ’23: $102MQ2 ’23: $110MQ3 ’23: $110MQ3 ’23Q4 ’23: $114MQ1 ’24: $126MQ2 ’24: $127MQ2 ’24Q3 ’24: $135MQ4 ’24: $131MQ1 ’25: $127MQ1 ’25Q2 ’25: $143MQ3 ’25: $159MQ4 ’25: $152MQ4 ’25Q1 ’26: $135Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 72.5%ETP: 26.6%Other: 0.9%
  • Common Stock · 72.5% · $92M
  • ETP · 26.6% · $34M
  • Other · 0.9% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
JPMJPMORGAN CHASE & CO.NEW+8.2K8.2K+$2M$2M
NOWSERVICENOW INCNEW+2.1K2.1K+$2M$2M
GSGOLDMAN SACHS GROUP INCNEW+3.0K3.0K+$2M$2M
GLOBAL X FDSNEW+23.1K23.1K+$1M$1M
SPINNAKER ETF SERIESNEW+20.1K20.1K+$674,423$674,423
DBX ETF TRNEW+12.9K12.9K+$570,813$570,813
ISHARES INCNEW+8.0K8.0K+$295,083$295,083
NFLXNETFLIX INCNEW+282282+$262,974$262,974

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1XLCSELECT SECTOR SPDR TRCOMMUNICATION · SBI CONS DISCR · ENERGY · INDL · SBI INT-UTILS · RL EST SEL SEC8.79%$11M114.9K
2ISHARES TREXPANDED TECH · U.S. TECH ETF4.13%$5M49.3K
3MSFTMICROSOFT CORPhistory →COM3.55%$5M12.0K
4ETFS GOLD TRPHYSCL GOLD SHS3.18%$4M135.6K
5GOOGLALPHABET INChistory →CAP STK CL A3.16%$4M26.0K
6AMZNAMAZON COM INChistory →COM3.03%$4M20.2K
7BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A2.82%$4M5.2K
8AJGGALLAGHER ARTHUR J & COhistory →COM2.77%$4M10.2K
9AAPLAPPLE INChistory →COM2.63%$3M15.0K
10GE AEROSPACECOM NEW2.57%$3M16.3K
11COSTCOSTCO WHSL CORP NEWhistory →COM2.54%$3M3.4K
12MLB1MERCADOLIBRE INChistory →COM2.46%$3M1.6K
13SYKSTRYKER CORPORATIONhistory →COM2.46%$3M8.4K
14IBMINTERNATIONAL BUSINESS MACHShistory →COM2.26%$3M11.5K
15VVISA INChistory →COM CL A2.22%$3M8.0K
16PANWPALO ALTO NETWORKS INChistory →COM2.21%$3M16.5K
17AZOAUTOZONE INChistory →COM2.19%$3M731
18METAMETA PLATFORMS INChistory →CL A2.01%$3M4.4K
19VANGUARD INDEX FDSS&P 500 ETF SHS1.90%$2M4.7K
20LLYELI LILLY & COhistory →COM1.83%$2M2.8K
21RTXRTX CORPORATIONhistory →COM1.83%$2M17.5K
22ISRGINTUITIVE SURGICAL INChistory →COM NEW1.81%$2M4.6K
23BLKBLACKROCK INChistory →COM1.76%$2M2.4K
24GEVGE VERNOVA INChistory →COM1.69%$2M7.0K
25PGRPROGRESSIVE CORPhistory →COM1.69%$2M7.6K
26BXBLACKSTONE INChistory →COM1.65%$2M15.0K
27JPMJPMORGAN CHASE & CO.history →COM1.59%$2M8.2K
28GWWGRAINGER W W INChistory →COM1.56%$2M2.0K
29LRCXLAM RESEARCH CORPhistory →COM NEW1.55%$2M27.2K
30VANGUARD WORLD FDFINANCIALS ETF1.53%$2M16.3K
31RMERESMED INChistory →COM1.40%$2M8.0K
32NOWSERVICENOW INChistory →COM1.35%$2M2.1K
33HWMHOWMET AEROSPACE INChistory →COM1.33%$2M13.0K
34OUNZVANECK MERK GOLD ETFhistory →GOLD SHS1.32%$2M55.7K
35GSGOLDMAN SACHS GROUP INChistory →COM1.29%$2M3.0K
36NVDANVIDIA CORPORATIONhistory →COM1.25%$2M14.6K
37GQ9SPDR GOLD TRhistory →GOLD SHS1.09%$1M4.8K
38FTNTFORTINET INChistory →COM1.06%$1M13.9K
39LNGCHENIERE ENERGY INChistory →COM NEW1.06%$1M5.8K
40IAU*ISHARES GOLD TRhistory →ISHARES NEW1.01%$1M21.8K
41GLOBAL X FDSDEFENSE TECH ETF0.85%$1M23.1K
42VSTVISTRA CORPCOM0.67%$846,9547.2K
43LINDE PLCSHS0.60%$756,6471.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$135M83Apr 16, 202613F-HRchanges · EDGAR ↗
Q4 2025$152M83Jan 14, 202613F-HRchanges · EDGAR ↗
Q3 2025$159M94Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$143M89Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$127M85Apr 23, 202513F-HRchanges · EDGAR ↗
Q4 2024$131M84Jan 16, 202513F-HRchanges · EDGAR ↗
Q3 2024$135M84Oct 16, 202413F-HRchanges · EDGAR ↗
Q2 2024$127M82Jul 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$126M84Apr 25, 202413F-HRchanges · EDGAR ↗
Q4 2023$114M84Jan 18, 202413F-HRchanges · EDGAR ↗
Q3 2023$110M84Oct 31, 202313F-HRchanges · EDGAR ↗
Q2 2023$110M84Jul 21, 202313F-HRchanges · EDGAR ↗
Q1 2023$102M83Apr 13, 202313F-HRchanges · EDGAR ↗
Q4 2022$95M83Jan 24, 202313F-HRchanges · EDGAR ↗
Q3 2022$92M80Oct 24, 202213F-HRchanges · EDGAR ↗
Q2 2022$90M79Jul 22, 202213F-HRchanges · EDGAR ↗
Q1 2022$108M84May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$133M90Jan 26, 202213F-HRchanges · EDGAR ↗
Q3 2021$125M91Oct 28, 202113F-HRchanges · EDGAR ↗
Q2 2021$116M88Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$113M85May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$99M76Jan 29, 202113F-HRchanges · EDGAR ↗
Q4 2018$37M45Feb 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.