Terra Nova Asset Management LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Terra Nova Asset Management LLC reported 89 stock positions worth $143.0 million. Its top holding was Microsoft (MSFT) at 3.9% of the portfolio, followed by Alphabet Class A (GOOGL, 3.2%) and SS Comm Select Sector SPDR (XLC, 3.2%). Compared with Q1 2025, it opened 6 new positions, sold out of 2, added to 28 and reduced 38. The biggest buy was Cameco (CCJ, shares +339%) and the biggest sale Lam Research (LRCX, shares −91%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001658652
Portfolio Value
$143.0M (Q2 2025)
SEC Filing
0001085146-25-004845 ↗ filed Aug 12, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $125.5M Q1 2024 Q2 2024: $126.7M Q2 2024 Q3 2024: $134.7M Q3 2024 Q4 2024: $131.3M Q4 2024 Q1 2025: $127.1M Q1 2025 Q2 2025: $143.0M $143.0M Q2 2025 Q3 2025: $158.6M Q3 2025 Q4 2025: $151.9M Q4 2025 Q1 2026: $135.2M Q1 2026 Q2 2026: $163.4M Q2 2026

Holdings 89 stocks · $143.0M
MSFT Microsoft Corp. 3.91% 11,234 $5.6M Reduce -6.6%
GOOGL Alphabet Inc. Class A 3.18% 25,809 $4.5M Reduce -0.7%
XLC SS Comm Select Sector SPDR 3.16% 41,628 $4.5M Reduce -6.1%
SGOL Abrdn Physical Gold Shares 3.00% 135,873 $4.3M Add +0.2%
MELI MercadoLibre Inc. 2.96% 1,618 $4.2M Add +0.8%
GE General Electric filed as GE AEROSPACE 2.92% 16,229 $4.2M Reduce -0.6%
VOO Vanguard S&P 500 ETF 2.78% 6,996 $4.0M Add +48.7%
GEV GE Vernova Inc. 2.60% 7,015 $3.7M Reduce -0.4%
AMZN Amazon.com Inc. 2.51% 16,376 $3.6M Reduce -19.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.48% 12,042 $3.5M Add +4.4%
COST Costco Wholesale Corp. 2.37% 3,420 $3.4M Add +0.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 2.30% 10,268 $3.3M Add +0.6%
SYK Stryker Corp. 2.22% 8,043 $3.2M Reduce -4.2%
PANW Palo Alto Networks Inc. 2.22% 15,507 $3.2M Reduce -5.8%
META Meta Platforms Inc. Class A 2.15% 4,164 $3.1M Reduce -6.0%
NOW ServiceNow Inc. 2.11% 2,935 $3.0M Add +36.7%
V Visa Inc. Class A 1.98% 7,995 $2.8M Reduce -0.5%
IYW iShares Ustechnology ETF 1.94% 16,048 $2.8M Reduce -3.4%
IGV iShares Expanded Tech-Softwa 1.93% 25,209 $2.8M Reduce -23.0%
AZO AutoZone Inc. 1.90% 733 $2.7M Add +0.3%
ISRG Intuitive Surgical Inc. 1.90% 4,994 $2.7M Add +7.5%
NVDA Nvidia Corp. 1.85% 16,746 $2.6M Add +14.6%
CCJ Cameco Corp. 1.80% 34,709 $2.6M Add +339.4%
RTX RTX Corp. 1.78% 17,436 $2.5M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 1.74% 5,120 $2.5M Reduce -2.1%
BLK BlackRock Inc. 1.73% 2,363 $2.5M Reduce -0.1%
HWM Howmet Aerospace Inc. 1.67% 12,804 $2.4M Reduce -1.4%
AAPL Apple Inc. 1.55% 10,809 $2.2M Reduce -28.0%
JPM JPMorgan Chase & Co. 1.52% 7,523 $2.2M Reduce -8.6%
VFH Vanguard Financials ETF 1.44% 16,183 $2.1M Reduce -0.4%
PGR Progressive Corp. 1.41% 7,569 $2.0M Reduce -0.3%
RMD Resmed Inc. 1.40% 7,759 $2.0M Reduce -2.4%
XLY SS Consumer Disc Select Sect 1.38% 9,052 $2.0M Reduce -4.5%
PLTR Palantir Technologies Inc. Class A 1.33% 13,904 $1.9M New
GS Goldman Sachs Group Inc. 1.29% 2,603 $1.8M Reduce -13.5%
OUNZ Vaneck Merk Gold ETF 1.24% 55,695 $1.8M No change
NFLX Netflix Inc. 1.17% 1,254 $1.7M Add +344.7%
LLY Eli Lilly & Co. 1.17% 2,149 $1.7M Reduce -23.7%
GWW WW Grainger Inc. filed as GRAINGER W W INC 1.13% 1,557 $1.6M Reduce -22.6%
LNG Cheniere Energy Inc. 1.07% 6,265 $1.5M Add +8.1%
XLE SS Energy Select Sector 1.05% 17,686 $1.5M Reduce -6.6%
FTNT Fortinet Inc. 1.03% 13,934 $1.5M No change
GLD SPDR Gold Shares 1.02% 4,800 $1.5M No change
XLI SS Industrial Select Sector 1.02% 9,915 $1.5M Reduce -3.8%
SHLD Global X Defense Tech ETF 0.99% 23,414 $1.4M Add +1.4%
IAU iShares Gold Trust 0.95% 21,766 $1.4M No change
VST Vistra Corp. 0.91% 6,722 $1.3M Reduce -6.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.70% 12,334 $1.0M Reduce -19.2%
CEG Constellation Energy 0.68% 2,992 $966K New
EUAD Select Stoxx Eur Aer DE ETF 0.67% 22,089 $953K Add +9.8%
PH Parker Hannifin Corp. 0.54% 1,114 $778K No change
LIN Linde PLC 0.53% 1,619 $760K Reduce -0.4%
BRK.A Berkshire Hathaway Inc. Class A 0.51% 1 $729K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.45% 1,034 $639K Reduce -5.9%
XLRE SS Real Estate Select Sector 0.44% 15,135 $627K Reduce -8.5%
VGT Vanguard Info Tech ETF 0.42% 915 $607K No change
GOOG Alphabet Inc. Class C 0.40% 3,215 $570K Reduce -20.4%
PAYX Paychex Inc. 0.39% 3,794 $552K Add +0.6%
HCA HCA Healthcare Inc. 0.38% 1,416 $542K Add +0.2%
UNP Union Pacific Corp. 0.37% 2,295 $528K Add +0.0%
CTAS Cintas Corp. 0.37% 2,351 $524K Reduce -18.5%
ETN Eaton Corp. PLC 0.35% 1,419 $507K Add +1.8%
AXP American Express Co. 0.32% 1,423 $454K Add +0.3%
BX Blackstone Inc. 0.30% 2,903 $434K Reduce -80.6%
SCCO Southern Copper Corp. 0.26% 3,727 $377K Add +1.0%
XHB SS SPDR S&P Homebldrs ETF 0.26% 3,714 $366K Add +0.1%
ABBV Abbvie Inc. 0.25% 1,927 $358K Add +0.1%
DBEU Xtrackers MSCI Europe Hedged 0.25% 7,982 $352K Reduce -38.3%
EWG iShares MSCI Germany ETF 0.24% 8,062 $341K Add +1.3%
URI United Rentals Inc. 0.24% 450 $339K No change
ANET Arista Networks Inc. 0.23% 3,280 $336K No change
XOM Exxon Mobil Corp. 0.23% 3,027 $326K No change
COIN Coinbase Global Inc. Class A 0.22% 907 $318K New
NOC Northrop Grumman Corp. 0.21% 612 $306K No change
LMT Lockheed Martin Corp. 0.21% 655 $303K No change
QQQ Invesco QQQ Trust Series 1 0.21% 544 $300K New
PG The Procter & Gamble Co. 0.20% 1,828 $291K Add +0.1%
MDLZ Mondelez International Inc. Class A 0.20% 4,298 $290K No change
IVV iShares Core S&P 500 ETF 0.20% 450 $280K Add +0.2%
CTVA Corteva Inc. 0.18% 3,543 $264K Add +9.3%
GD General Dynamics Corp. 0.18% 895 $261K No change
CVX Chevron Corp. 0.17% 1,742 $249K No change
CLS Celestica Inc. 0.17% 1,555 $243K New
VOOG Vanguard S&P 500 Growth ETF 0.16% 590 $234K New
LRCX Lam Research Corp. 0.16% 2,377 $231K Reduce -91.3%
TMO Thermo Fisher Scientific Inc. 0.15% 528 $214K Reduce -33.5%
EOG EOG Resources Inc. 0.15% 1,790 $214K No change
A Agilent Technologies Inc. 0.14% 1,740 $205K No change
IHF iShares U.S. Healthcare Prov 0.14% 4,208 $205K Add +0.1%

Portfolio Sells Q1 2025 → Q2 2025
LRCX Lam Research Corp. Reduce -91.3% 0.16% −1.39
BX Blackstone Inc. Reduce -80.6% 0.30% −1.35
AAPL Apple Inc. Reduce -28.0% 1.55% −1.07
LLY Eli Lilly & Co. Reduce -23.7% 1.17% −0.66
AMZN Amazon.com Inc. Reduce -19.1% 2.51% −0.52
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.1% 1.74% −0.45
GWW WW Grainger Inc. Reduce -22.6% 1.13% −0.43
IGV iShares Expanded Tech-Softwa Reduce -23.0% 1.93% −0.36
XLE SS Energy Select Sector Reduce -6.6% 1.05% −0.34
PGR Progressive Corp. Reduce -0.3% 1.41% −0.28
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.27
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -19.2% 0.70% −0.24
SYK Stryker Corp. Reduce -4.2% 2.22% −0.24
V Visa Inc. Class A Reduce -0.5% 1.98% −0.23
XLC SS Comm Select Sector SPDR Reduce -6.1% 3.16% −0.21
DBEU Xtrackers MSCI Europe Hedged Reduce -38.3% 0.25% −0.20
TMO Thermo Fisher Scientific Inc. Reduce -33.5% 0.15% −0.16
XLRE SS Real Estate Select Sector Reduce -8.5% 0.44% −0.11
CTAS Cintas Corp. Reduce -18.5% 0.37% −0.10
GOOG Alphabet Inc. Class C Reduce -20.4% 0.40% −0.10
XLY SS Consumer Disc Select Sect Reduce -4.5% 1.38% −0.10
VFH Vanguard Financials ETF Reduce -0.4% 1.44% −0.09
LIN Linde PLC Reduce -0.4% 0.53% −0.06
JPM JPMorgan Chase & Co. Reduce -8.6% 1.52% −0.06
BDRY Breakwave DRY Bulk Ship ETF Sold out 0.00% −0.05
RTX RTX Corp. Reduce -0.5% 1.78% −0.05
XLI SS Industrial Select Sector Reduce -3.8% 1.02% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -5.9% 0.45% −0.04
BLK BlackRock Inc. Reduce -0.1% 1.73% −0.03
GS Goldman Sachs Group Inc. Reduce -13.5% 1.29% −0.01
RMD Resmed Inc. Reduce -2.4% 1.40% −0.00
PANW Palo Alto Networks Inc. Reduce -5.8% 2.22% +0.01
GOOGL Alphabet Inc. Class A Reduce -0.7% 3.18% +0.02
IYW iShares Ustechnology ETF Reduce -3.4% 1.94% +0.11
META Meta Platforms Inc. Class A Reduce -6.0% 2.15% +0.14
VST Vistra Corp. Reduce -6.8% 0.91% +0.24
HWM Howmet Aerospace Inc. Reduce -1.4% 1.67% +0.34
GE General Electric Reduce -0.6% 2.92% +0.35
MSFT Microsoft Corp. Reduce -6.6% 3.91% +0.35
GEV GE Vernova Inc. Reduce -0.4% 2.60% +0.90

Portfolio Buys Q1 2025 → Q2 2025
CCJ Cameco Corp. Add +339.4% 1.80% +1.55
PLTR Palantir Technologies Inc. Class A New 1.33% +1.33
NFLX Netflix Inc. Add +344.7% 1.17% +0.97
VOO Vanguard S&P 500 ETF Add +48.7% 2.78% +0.88
NOW ServiceNow Inc. Add +36.7% 2.11% +0.76
CEG Constellation Energy New 0.68% +0.68
NVDA Nvidia Corp. Add +14.6% 1.85% +0.60
MELI MercadoLibre Inc. Add +0.8% 2.96% +0.49
IBM Intl Business Machines Corp. Add +4.4% 2.48% +0.23
COIN Coinbase Global Inc. Class A New 0.22% +0.22
QQQ Invesco QQQ Trust Series 1 New 0.21% +0.21
CLS Celestica Inc. New 0.17% +0.17
VOOG Vanguard S&P 500 Growth ETF New 0.16% +0.16
SHLD Global X Defense Tech ETF Add +1.4% 0.99% +0.14
EUAD Select Stoxx Eur Aer DE ETF Add +9.8% 0.67% +0.14
ISRG Intuitive Surgical Inc. Add +7.5% 1.90% +0.09
ETN Eaton Corp. PLC Add +1.8% 0.35% +0.06
CTVA Corteva Inc. Add +9.3% 0.18% +0.02
AXP American Express Co. Add +0.3% 0.32% +0.02
LNG Cheniere Energy Inc. Add +8.1% 1.07% +0.01
EWG iShares MSCI Germany ETF Add +1.3% 0.24% +0.01
IVV iShares Core S&P 500 ETF Add +0.2% 0.20% −0.00
HCA HCA Healthcare Inc. Add +0.2% 0.38% −0.01
SCCO Southern Copper Corp. Add +1.0% 0.26% −0.01
XHB SS SPDR S&P Homebldrs ETF Add +0.1% 0.26% −0.03
IHF iShares U.S. Healthcare Prov Add +0.1% 0.14% −0.03
PG The Procter & Gamble Co. Add +0.1% 0.20% −0.04
UNP Union Pacific Corp. Add +0.0% 0.37% −0.06
ABBV Abbvie Inc. Add +0.1% 0.25% −0.07
PAYX Paychex Inc. Add +0.6% 0.39% −0.07
COST Costco Wholesale Corp. Add +0.3% 2.37% −0.17
SGOL Abrdn Physical Gold Shares Add +0.2% 3.00% −0.19
AZO AutoZone Inc. Add +0.3% 1.90% −0.29
AJG Arthur J Gallagher & Co. Add +0.6% 2.30% −0.48

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 93$163.4MGOOGL, GEV, MU, MSFT, SGOL
Q1 2026 83$135.2MGOOGL, SGOL, GEV, XLC, GE
Q4 2025 83$151.9MGOOGL, MSFT, SGOL, XLC, GE
Q3 2025 94$158.6MGOOGL, MSFT, SGOL, XLC, GE
Q2 2025 89$143.0MMSFT, GOOGL, XLC, SGOL, MELI
Q1 2025 85$127.1MMSFT, XLC, SGOL, GOOGL, AMZN
Q4 2024 84$131.3MMSFT, GOOGL, NVDA, XLC, AMZN
Q3 2024 84$134.7MGOOGL, MSFT, LLY, XLC, IRM
Q2 2024 82$126.7MGOOGL, MSFT, NVDA, LLY, LRCX
Q1 2024 84$125.5MNVDA, MSFT, GOOGL, LRCX, LLY