SEC 13F Intelligence

Managers / Q2 2025 · view latest →

NATURAL INVESTMENTS, LLC

CIK 0001800245 · 1330 GUMVIEW ROAD, WINDSOR, CA, 95492 · 707-758-0171

Reported Value
$387M
Q2 2025
Positions
255
Filings on Record
18
2019–present window
Filed
Jul 25, 2025
original filing

Summary

Natural Investments, LLC reported $387M in U.S.-listed holdings across 255 positions for Q2 2025.

Its largest position, MSFT, represents 6.5% of the portfolio.

Compared with Q1 2025, the fund opened 27 new positions and exited 18.

Portfolio Metrics

Turnover
+8.4%
vs prior filed quarter
Top-10 Concentration
+34.9%
share of reported value
Largest Position
+6.5%
Microsoft
New / Exited
27 / 18
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
Q1 ’20: $319MQ1 ’20Q2 ’20: $322MQ3 ’20: $310MQ3 ’20Q4 ’20: $490MQ1 ’21: $509MQ1 ’21Q2 ’21: $489MQ3 ’21: $397MQ3 ’21Q4 ’21: $235MQ1 ’22: $121MQ1 ’22Q2 ’22: $100MQ3 ’22: $80MQ3 ’22Q1 ’25: $353MQ2 ’25: $387MQ2 ’25Q3 ’25: $403MQ4 ’25: $402MQ4 ’25Q1 ’26: $405Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 69.9%ETP: 20.8%ADR: 6.3%REIT: 1.7%Other: 1.0%Closed-End Fund: 0.3%
  • Common Stock · 69.9% · $270M
  • ETP · 20.8% · $80M
  • ADR · 6.3% · $25M
  • REIT · 1.7% · $7M
  • Other · 1.0% · $4M
  • Closed-End Fund · 0.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EA SERIES TRUSTNEW+290.1K290.1K+$8M$8M
ISRGINTUITIVE SURGICAL INCNEW+2.5K2.5K+$1M$1M
EHCENCOMPASS HEALTH CORPNEW+7.7K7.7K+$946,000$946,000
WCNWASTE CONNECTIONS INCNEW+4.8K4.8K+$889,000$889,000
APHAMPHENOL CORP NEWNEW+7.5K7.5K+$738,000$738,000
OEFISHARES TRNEW+1.8K1.8K+$555,000$555,000
RYROYAL BK CDANEW+3.6K3.6K+$477,000$477,000
AMATAPPLIED MATLS INCNEW+2.6K2.6K+$470,000$470,000

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

Holdings — Q2 2025

231 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.48%$25M50.4K
2AAPLAPPLE INChistory →COM4.92%$19M92.6K
3NVDANVIDIA CORPORATIONhistory →COM4.90%$19M120.0K
4INVESTMENT MANAGERS SER TR IAXS GREEN ALPHA4.19%$16M476.2K
5DSIISHARES TRESG MSCI KLD 400 · MBS ETF · S&P 100 ETF · FLTG RATE NT ETF · GL CLEAN ENE ETF · ESG ADVNCD HY BD · ESG OPTIMIZED · RUSSELL 2000 ETF · CORE S&P500 ETF3.95%$15M170.6K
6TIDAL TRUST IADASINA SOCIAL2.64%$10M516.5K
7GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.11%$8M46.3K
8EA SERIES TRUSTSTANCE SUSTAINAB1.96%$8M290.1K
9ETF SER SOLUTIONSUS VEGAN CLIMATE1.90%$7M130.9K
10ABBVABBVIE INChistory →COM1.87%$7M38.9K
11HDHOME DEPOT INChistory →COM1.67%$6M17.6K
12HASIHA SUSTAINABLE INFRA CAP INChistory →COM1.61%$6M231.4K
13TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.56%$6M26.7K
14MAMASTERCARD INCORPORATEDhistory →CL A1.55%$6M10.7K
15ABTABBOTT LABShistory →COM1.34%$5M38.1K
16AMZNAMAZON COM INChistory →COM1.16%$4M20.5K
17JPMJPMORGAN CHASE & CO.history →COM1.15%$4M15.4K
18LLYELI LILLY & COhistory →COM1.12%$4M5.5K
19PANWPALO ALTO NETWORKS INChistory →COM1.10%$4M20.8K
20NOWSERVICENOW INChistory →COM1.01%$4M3.8K
21LINLINDE PLCSHS0.95%$4M7.8K
22ASMLASML HOLDING N VN Y REGISTRY SHS0.86%$3M4.1K
23AMTAMERICAN TOWER CORP NEWCOM0.85%$3M14.9K
24ECLECOLAB INCCOM0.82%$3M11.7K
25COSTCOSTCO WHSL CORP NEWCOM0.82%$3M3.2K
26TTTRANE TECHNOLOGIES PLCSHS0.81%$3M7.2K
27AZNNASTRAZENECA PLCSPONSORED ADR0.80%$3M44.3K
28ETNEATON CORP PLCSHS0.79%$3M8.5K
29BEPCBROOKFIELD RENEWABLE CORPCL A EX SUB VTG0.78%$3M92.1K
30SHOPSHOPIFY INCCL A SUB VTG SHS0.78%$3M26.1K
31MELIMERCADOLIBRE INCCOM0.75%$3M1.1K
32ICEINTERCONTINENTAL EXCHANGE INCOM0.74%$3M15.7K
33TRVTRAVELERS COMPANIES INCCOM0.72%$3M10.3K
34PGPROCTER AND GAMBLE COCOM0.70%$3M16.9K
35AXPAMERICAN EXPRESS COCOM0.69%$3M8.3K
36VRSKVERISK ANALYTICS INCCOM0.68%$3M8.5K
37UPSUNITED PARCEL SERVICE INCCL B0.68%$3M26.0K
38BRK/ABERKSHIRE HATHAWAY INC DELCL A · CL B NEW0.68%$3M2.4K
39NUSCNUSHARES ETF TRNUVEEN ESG INTL · NUVEEN ESG US · ESG DIVIDEND ETF · NUVEEN ESG SMLCP · NUVEEN ESG EMRGN · ESG HI TLD CRP · NUVEEN ESG LRGCP0.67%$3M83.1K
40UNILEVER PLCSPON ADR NEW0.62%$2M39.5K
41BFAMBRIGHT HORIZONS FAM SOL IN DCOM0.62%$2M19.3K
42MANAGER DIRECTED PORTFOLIOSVERT GLB SUST RE0.61%$2M226.8K
43SAPSAP SESPON ADR0.60%$2M7.6K
44ETHOAMPLIFY ETF TRAMPLIFY ETHO CLI0.58%$2M38.7K
45VVISA INCCOM CL A0.58%$2M6.3K
46NFLXNETFLIX INCCOM0.57%$2M1.7K
47ALCALCON AGORD SHS0.57%$2M25.0K
48PNCPNC FINL SVCS GROUP INCCOM0.57%$2M11.7K
49ADSKAUTODESK INCCOM0.56%$2M7.0K
50MKCMCCORMICK & CO INCCOM NON VTG0.54%$2M27.7K
51SONYSONY GROUP CORPSPONSORED ADR0.54%$2M79.5K
52AWKAMERICAN WTR WKS CO INC NEWCOM0.52%$2M14.5K
53TMOTHERMO FISHER SCIENTIFIC INCCOM0.50%$2M4.8K
54TIDAL TRUST IIIAFFORDABLE HOUS0.50%$2M113.0K
55WABWABTECCOM0.49%$2M9.1K
56UNPUNION PAC CORPCOM0.49%$2M8.2K
57XYLXYLEM INCCOM0.48%$2M14.5K
58CMGCHIPOTLE MEXICAN GRILL INCCOM0.48%$2M33.0K
59ACNACCENTURE PLC IRELANDSHS CLASS A0.47%$2M6.0K
60PEPPEPSICO INCCOM0.46%$2M13.6K
61PLDPROLOGIS INC.COM0.45%$2M16.4K
62SPYSPDR S&P 500 ETF TRTR UNIT0.42%$2M2.6K
63CVSBMORGAN STANLEY ETF TRUSTCALVERT ULT SHR · CALVERT US LRGCP · CALVERT US MDCP · CALVERT US LARCP0.42%$2M25.8K
64FSLRFIRST SOLAR INCCOM0.42%$2M9.8K
65GRNBVANECK ETF TRUSTGREEN BOND ETF0.39%$2M62.7K
66FTSDFRANKLIN ETF TRSHRT DUR US GOVT0.39%$2M16.7K
67ORAORMAT TECHNOLOGIES INCCOM0.39%$2M17.9K
68HDBHDFC BANK LTDSPONSORED ADS0.39%$1M19.6K
69EWBCEAST WEST BANCORP INCCOM0.39%$1M14.8K
70IBMINTERNATIONAL BUSINESS MACHSCOM0.37%$1M4.8K
71ISRGINTUITIVE SURGICAL INCCOM NEW0.35%$1M2.5K
72NVONOVO-NORDISK A SADR0.35%$1M19.5K
73SHGSHINHAN FINANCIAL GROUP CO LSPN ADR RESTRD0.34%$1M28.8K
74MMM3M COCOM0.33%$1M8.5K
75CATHGLOBAL X FDSRENEWABLE ENERGY · S&P 500 CATHOLIC0.33%$1M103.3K
76FERGFERGUSON ENTERPRISES INCCOMMON STOCK NEW0.31%$1M5.4K
77ADPAUTOMATIC DATA PROCESSING INCOM0.30%$1M3.8K
78CPCANADIAN PACIFIC KANSAS CITYCOM0.30%$1M14.7K
79JNJJOHNSON & JOHNSONCOM0.29%$1M7.3K
80LULULULULEMON ATHLETICA INCCOM0.29%$1M4.7K
81MRKMERCK & CO INCCOM0.28%$1M13.8K
82SYKSTRYKER CORPORATIONCOM0.28%$1M2.7K
83CSCOCISCO SYS INCCOM0.27%$1M15.1K
84AMGNAMGEN INCCOM0.27%$1M3.8K
85MANAGED PORTFOLIO SERIESTORTOISE GLOBAL0.26%$1M19.1K
86HLNHALEON PLCSPON ADS0.26%$998,00096.2K
87TELTE CONNECTIVITY PLCORD SHS0.25%$962,0005.7K
88BEPCBROOKFIELD RENEWABLE PARTNERPARTNERSHIP UNIT0.25%$960,00037.7K
89EHCENCOMPASS HEALTH CORPCOM0.24%$946,0007.7K
90MGKVANGUARD WORLD FDMEGA GRWTH IND · ESG US STK ETF · ESG INTL STK ETF0.24%$927,0007.7K
91SHENSHENANDOAH TELECOMMUNICATIONCOM0.24%$924,00067.7K
92NXTNEXTRACKER INCCLASS A COM0.23%$902,00016.6K
93CBCHUBB LIMITEDCOM0.23%$895,0003.1K
94INTUINTUITCOM0.23%$892,0001.1K
95NVTNVENT ELECTRIC PLCSHS0.23%$890,00012.2K
96WCNWASTE CONNECTIONS INCCOM0.23%$889,0004.8K
97BACBANK AMERICA CORPCOM0.23%$877,00018.5K
98TXNTEXAS INSTRS INCCOM0.22%$866,0004.2K
99NGGNATIONAL GRID PLCSPONSORED ADR NE0.22%$854,00011.5K
100TJXTJX COS INC NEWCOM0.22%$852,0006.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$405M288May 1, 202613F-HRchanges · EDGAR ↗
Q4 2025$402M280Jan 23, 202613F-HRchanges · EDGAR ↗
Q3 2025$403M263Oct 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$387M255Jul 25, 202513F-HRchanges · EDGAR ↗
Q1 2025$353M246May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024Under review246Feb 7, 202513F-HRchanges · EDGAR ↗
Q4 2022Under review1Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$80M1Nov 4, 202213F-HRchanges · EDGAR ↗
Q2 2022$100M1Jul 22, 202213F-HRchanges · EDGAR ↗
Q1 2022$121M1May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$235M2Feb 3, 202213F-HRchanges · EDGAR ↗
Q3 2021$397M3Nov 1, 202113F-HRchanges · EDGAR ↗
Q2 2021$489M3Jul 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$509M3Apr 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$490M3Feb 2, 202113F-HRchanges · EDGAR ↗
Q3 2020$310M2Oct 30, 202013F-HRchanges · EDGAR ↗
Q2 2020$322M2Jul 28, 202013F-HRchanges · EDGAR ↗
Q1 2020$319M2Apr 8, 202013F-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 ↗.