Managers / Q4 2021 · view latest →
TNF LLC
CIK 0001849683 · 3178 GABEL ROAD, BILLINGS, MT, 59102 · 406 294-5000
Summary
Tnf LLC reported $238M in U.S.-listed holdings across 137 positions for Q4 2021.
Its largest position, Ishares Tr, represents 11.0% of the portfolio.
Portfolio Metrics
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
Portfolio Composition
- ETP · 87.7% · $209M
- Common Stock · 10.7% · $25M
- Closed-End Fund · 1.0% · $2M
- REIT · 0.6% · $1M
- Other · 0.2% · $378,000
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ISHARES TR | NEW | +250.3K | 250.3K | +$26M | $26M |
| ISHARES TR | NEW | +45.7K | 45.7K | +$21M | $21M |
| ISHARES TR | NEW | +555.6K | 555.6K | +$14M | $14M |
| ISHARES TR | NEW | +254.3K | 254.3K | +$13M | $13M |
| ISHARES TR | NEW | +223.7K | 223.7K | +$12M | $12M |
| ISHARES TR | NEW | +111.3K | 111.3K | +$12M | $12M |
| SPDR SER TR | NEW | +185.5K | 185.5K | +$10M | $10M |
| ISHARES TR | NEW | +254.3K | 254.3K | +$8M | $8M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TLHISHARES TR | ESG AWR MSCI USA · CORE S&P500 ETF · US TREAS BD ETF · CORE TOTAL USD · EAFE VALUE ETF · EAFE GRWTH ETF · FALN ANGLS USD · MSCI USA VALUE · NATIONAL MUN ETF · CORE S&P SCP ETF · TIPS BD ETF · MBS ETF · GLOBAL FINLS ETF · GLOBAL TECH ETF · MSCI USA MIN VOL · U.S. ENERGY ETF · ISHS 1-5YR INVS · U.S. TECH ETF · IBOXX INV CP ETF · CORE S&P MCP ETF · 10-20 YR TRS ETF · RUS TP200 GR ETF · MSCI EAFE ETF · CORE US AGGBD ET · U.S. MED DVC ETF · 0-5YR HI YL CP · CORE MSCI TOTAL · SELECT DIVID ETF | 64.64% | $154M | 2.21M |
| 2 | SCHWAB STRATEGIC TR | US TIPS ETF · 1 5YR CORP BD · US SML CAP ETF | 4.26% | $10M | 167.2K |
| 3 | SPDR SER TR | PORTFOLIO S&P500 | 4.25% | $10M | 185.5K |
| 4 | MRKMERCK & CO INChistory → | COM | 1.63% | $4M | 47.8K |
| 5 | AAPLAPPLE INChistory → | COM | 1.60% | $4M | 22.1K |
| 6 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 1.42% | $3M | 8.9K |
| 7 | ESGEISHARES INChistory → | ESG AWR MSCI EM | 1.36% | $3M | 79.3K |
| 8 | SPDR S&P 500 ETF TR | TR UNIT | 1.18% | $3M | 6.1K |
| 9 | EXMOCEXXON MOBIL CORPhistory → | COM | 1.10% | $3M | 36.6K |
| 10 | ISHARES U S ETF TR | GSCI CMDTY STGY | 1.07% | $3M | 78.2K |
| 11 | WISDOMTREE TR | EM EX ST-OWNED · US MIDCAP DIVID | 1.04% | $2M | 63.0K |
| 12 | XLESELECT SECTOR SPDR TR | ENERGY | 0.65% | $2M | 24.0K |
| 13 | HDHOME DEPOT INC | COM | 0.50% | $1M | 3.2K |
| 14 | FIBKFIRST INTST BANCSYSTEM INC | COM CL A | 0.48% | $1M | 25.6K |
| 15 | CALAMOS CONV & HIGH INCOME F | COM SHS | 0.44% | $1M | 67.2K |
| 16 | MSFTMICROSOFT CORP | COM | 0.35% | $833,000 | 2.7K |
| 17 | PPGPPG INDS INC | COM | 0.35% | $829,000 | 5.0K |
| 18 | A4SAMERIPRISE FINL INC | COM | 0.34% | $801,000 | 2.4K |
| 19 | EBMTEAGLE BANCORP MONT INC | COM | 0.31% | $739,000 | 31.3K |
| 20 | VANGUARD INDEX FDS | MID CAP ETF | 0.27% | $643,000 | 2.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2024 | $278M | 125 | Oct 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $272M | 122 | Jul 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $253M | 117 | Apr 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $252M | 114 | Jan 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $215M | 95 | Oct 20, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $229M | 98 | Aug 23, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $222M | 98 | May 1, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $220M | 106 | Feb 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $196M | 103 | Oct 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $210M | 114 | Jul 25, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $222M | 124 | Apr 25, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $238M | 137 | Jan 18, 2022 | 13F-HR | changes · 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 ↗.