SEC 13F Intelligence

Managers / Q2 2024 · view latest →

TNF LLC

CIK 0001849683 · 3178 GABEL ROAD, BILLINGS, MT, 59102 · 406 294-5000

Reported Value
$272M
Q2 2024
Positions
122
Filings on Record
13
2019–present window
Filed
Jul 25, 2024
original filing

Summary

Tnf LLC reported $272M in U.S.-listed holdings across 122 positions for Q2 2024.

Its largest position, Ishares Tr, represents 16.9% of the portfolio.

Compared with Q1 2024, the fund opened 8 new positions and exited 3.

Portfolio Metrics

Turnover
+11.0%
vs prior filed quarter
Top-10 Concentration
+58.9%
share of reported value
Largest Position
+16.9%
Ishares Tr
New / Exited
8 / 3
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 ’21: $238MQ4 ’21Q1 ’22: $222MQ2 ’22: $210MQ2 ’22Q3 ’22: $196MQ4 ’22: $220MQ4 ’22Q1 ’23: $222MQ2 ’23: $229MQ2 ’23Q3 ’23: $215MQ4 ’23: $252MQ4 ’23Q1 ’24: $253MQ2 ’24: $272MQ2 ’24Q3 ’24: $278Mfilingsflow.com

Portfolio Composition

By security type
ETP: 88.8%Common Stock: 10.5%Closed-End Fund: 0.3%REIT: 0.3%Other: 0.0%
  • ETP · 88.8% · $241M
  • Common Stock · 10.5% · $29M
  • Closed-End Fund · 0.3% · $850,920
  • REIT · 0.3% · $815,532
  • Other · 0.0% · $82,279

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+51.8K51.8K+$2M$2M
BRK/BBERKSHIRE HATHAWAY INC DELNEW+2.1K2.1K+$887,673$887,673
GOLDMAN SACHS ETF TRNEW+18.7K18.7K+$848,915$848,915
ISHARES TRNEW+4.2K4.2K+$335,841$335,841
TSLATESLA INCNEW+1.4K1.4K+$310,378$310,378
SCHWAB STRATEGIC TRNEW+2.1K2.1K+$210,623$210,623
DFAXDIMENSIONAL ETF TRUSTNEW+8.1K8.1K+$205,447$205,447
VANGUARD TAX-MANAGED FDSNEW+4.1K4.1K+$205,427$205,427

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

Holdings — Q2 2024

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P500 ETF · CORE TOTAL USD · MSCI USA QLT FCT · S&P 500 GRWT ETF · EAFE GRWTH ETF · MBS ETF · EAFE VALUE ETF · S&P 500 VAL ETF · U.S. TECH ETF · ESG AWR MSCI USA · NATIONAL MUN ETF · 20 YR TR BD ETF · HDG MSCI EAFE · US INFRASTRUC · US TREAS BD ETF · CORE S&P SCP ETF · RUS TP200 GR ETF · CORE MSCI TOTAL · TIPS BD ETF · JPMORGAN USD EMG · TRS FLT RT BD · MSCI EAFE ETF · CORE S&P MCP ETF · IBOXX INV CP ETF · GLOBAL TECH ETF63.79%$173M1.75M
2SPDR SER TRPORTFOLIO S&P5005.08%$14M216.9K
3BLACKROCK ETF TRUSTUS EQT FACTOR4.04%$11M236.4K
4ESGEISHARES INCCORE MSCI EMKT · MSCI EMRG CHN · ESG AWR MSCI EM3.60%$10M186.3K
5MRKMERCK & CO INChistory →COM2.81%$8M60.6K
6SCHWAB STRATEGIC TRUS AGGREGATE B2.30%$6M136.4K
7AAPLAPPLE INChistory →COM1.61%$4M20.0K
8BLACKROCK ETF TRUST IIFLEXIBLE INCOME1.02%$3M52.9K
9NDQINVESCO QQQ TRUNIT SER 10.92%$3M5.4K
10SPDR S&P 500 ETF TRTR UNIT0.92%$3M4.6K
11EXMOCEXXON MOBIL CORPCOM0.88%$2M20.7K
12AMZNAMAZON COM INCCOM0.47%$1M7.1K
13JOHN HANCOCK EXCHANGE TRADEDMLTFCTR LRG CAP0.39%$1M16.4K
14MSFTMICROSOFT CORPCOM0.37%$992,0712.3K
15HDHOME DEPOT INCCOM0.35%$938,5692.7K
16BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.33%$887,6732.1K
17GOLDMAN SACHS ETF TRACCESS INVT GR0.31%$848,91518.7K
18NVDANVIDIA CORPORATIONCOM0.31%$837,9727.3K
19FIBKFIRST INTST BANCSYSTEM INCCOM0.29%$790,29725.0K
20VTVVANGUARD INDEX FDSVALUE ETF0.28%$755,0114.6K
21COSTCOSTCO WHSL CORP NEWCOM0.27%$736,163886
22INVESCO EXCHANGE TRADED FD TS&P MDCP MOMNTUM0.24%$644,1595.6K
23AVGOBROADCOM INCCOM0.23%$633,8134.2K
24PPGPPG INDS INCCOM0.23%$632,0865.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2024$278M125Oct 25, 202413F-HRchanges · EDGAR ↗
Q2 2024$272M122Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$253M117Apr 25, 202413F-HRchanges · EDGAR ↗
Q4 2023$252M114Jan 30, 202413F-HRchanges · EDGAR ↗
Q3 2023$215M95Oct 20, 202313F-HRchanges · EDGAR ↗
Q2 2023$229M98Aug 23, 202313F-HRchanges · EDGAR ↗
Q1 2023$222M98May 1, 202313F-HRchanges · EDGAR ↗
Q4 2022$220M106Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$196M103Oct 12, 202213F-HRchanges · EDGAR ↗
Q2 2022$210M114Jul 25, 202213F-HRchanges · EDGAR ↗
Q1 2022$222M124Apr 25, 202213F-HRchanges · EDGAR ↗
Q4 2021$238M137Jan 18, 202213F-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 ↗.