TNF LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 25, 2024), TNF LLC reported 117 stock positions worth $252.6 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 20.9% of the portfolio, followed by Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 9.6%) and Ste STR SPDR PT S&P 500 ETF (SPYM, 8.0%). Compared with Q4 2023, it opened 7 new positions, sold out of 4, added to 43 and reduced 46. The biggest buy was a new position in iShares S&P 500 Value ETF (IVE) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −34%).
- Most Recent 13F
- Q3 2024
- Location
- BILLINGS, MT
- CIK
- 0001849683
- Portfolio Value
- $252.6M (Q1 2024)
- SEC Filing
- 0001849683-24-000005 ↗ filed Apr 25, 2024
Holdings Value
Holdings 117 stocks · $252.6M
| IVV iShares Core S&P 500 ETF | 20.94% | 104,114 | $52.9M | Add +2.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 9.63% | 547,313 | $24.3M | Add +24.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 8.04% | 341,605 | $20.3M | Reduce -2.4% |
| EFV iShares MSCI Eafe Value ETF | 5.05% | 237,785 | $12.8M | Reduce -4.5% |
| EFG iShares MSCI Eafe Growth ETF | 3.96% | 100,352 | $10.0M | Add +2.7% |
| QUAL iShares MSCI USA Quality Fac | 3.53% | 56,568 | $8.9M | Reduce -33.6% |
| ESGU iShares ESG Aware MSCI USA | 3.39% | 77,134 | $8.6M | Reduce -17.0% |
| MBB iShares MBS ETF | 3.01% | 84,541 | $7.6M | Add +0.0% |
| IVE iShares S&P 500 Value ETF | 2.40% | 33,505 | $6.1M | New |
| IYW iShares Ustechnology ETF | 2.36% | 46,243 | $6.0M | Add +4.3% |
| SCHZ Schwab US Aggregate Bond ETF | 2.34% | 131,750 | $5.9M | Add +0.5% |
| MUB iShares National Muni Bond E | 2.13% | 50,624 | $5.4M | Add +7.0% |
| IEMG iShares Core MSCI Emerging | 2.04% | 100,568 | $5.1M | Reduce -11.5% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.92% | 112,769 | $4.8M | New |
| TFLO iShares Treasury Floating Ra | 1.91% | 95,125 | $4.8M | Reduce -26.7% |
| MRK Merck & Co. Inc. | 1.87% | 37,163 | $4.7M | Reduce -0.2% |
| TLT iShares 20+ Year Treasury BD | 1.82% | 52,103 | $4.6M | Reduce -6.6% |
| AAPL Apple Inc. | 1.35% | 20,152 | $3.4M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 1.07% | 22,418 | $2.7M | Add +0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.93% | 4,634 | $2.3M | Reduce -2.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.92% | 5,443 | $2.3M | Reduce -2.4% |
| IXC iShares Global Energy ETF | 0.66% | 38,062 | $1.7M | Add +27.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.62% | 28,155 | $1.6M | Add +21.4% |
| IFRA iShares US Infrastructure | 0.60% | 36,050 | $1.5M | Add +2.0% |
| IJR iShares Core S&P Small-Cap E | 0.59% | 14,175 | $1.5M | Reduce -5.2% |
| AMZN Amazon.com Inc. | 0.51% | 7,248 | $1.3M | Reduce -1.2% |
| IXUS iShares Core Intl Stock ETF | 0.45% | 17,301 | $1.1M | Reduce -1.5% |
| IWY iShares Russell Top 200 Grow | 0.45% | 6,037 | $1.1M | Reduce -0.3% |
| TIP iShares Tips Bond ETF | 0.42% | 9,997 | $1.1M | Reduce -24.2% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.41% | 20,158 | $1.0M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.41% | 9,830 | $1.0M | Reduce -54.6% |
| JHML John Hancock Multi Fact LRG | 0.39% | 15,891 | $991K | Add +11.6% |
| EMB iShares JP Morgan Usd Emergi | 0.39% | 11,207 | $980K | Add +2.9% |
| EFA iShares MSCI Eafe ETF | 0.39% | 12,514 | $972K | Reduce -4.6% |
| IJH iShares Core S&P Midcap ETF | 0.37% | 16,357 | $947K | Reduce -13.6% |
| USMV iShares MSCI USA Min Vol Fac | 0.36% | 11,054 | $899K | Reduce -65.4% |
| HD Home Depot Inc. | 0.35% | 2,690 | $896K | Reduce -2.7% |
| GOVT iShares US Treasury Bond ETF | 0.35% | 39,460 | $875K | Reduce -65.8% |
| MSFT Microsoft Corp. | 0.34% | 2,112 | $864K | Add +1.5% |
| ESGE iShares Inc. iShares ESG Awar | 0.30% | 23,500 | $747K | Reduce -20.4% |
| SCHI Schwab 5-10 Year Corporate B | 0.29% | 16,925 | $733K | Reduce -43.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.29% | 4,574 | $724K | Reduce -1.5% |
| NVDA Nvidia Corp. | 0.26% | 835 | $665K | Add +8.0% |
| PPG PPG Industries Inc. | 0.26% | 5,047 | $659K | No change |
| FIBK First Interstate Bancsys-A | 0.26% | 24,599 | $654K | Add +0.1% |
| IVW iShares S&P 500 Growth ETF | 0.25% | 7,778 | $633K | Reduce -82.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.25% | 2,613 | $626K | Reduce -3.7% |
| VLUE iShares MSCI USA Value Facto | 0.25% | 6,067 | $626K | Reduce -8.6% |
| AXP American Express Co. | 0.25% | 2,595 | $621K | No change |
| XMMO Invesco S&P Midcap Momentum | 0.24% | 5,597 | $614K | No change |
| IXN iShares Global Tech ETF | 0.24% | 8,625 | $611K | Reduce -9.1% |
| AVGO Broadcom Inc. | 0.21% | 419 | $526K | Reduce -2.8% |
| IWF iShares Russell 1000 Growth | 0.21% | 1,622 | $526K | No change |
| VGT Vanguard Info Tech ETF | 0.20% | 1,025 | $508K | No change |
| ILCG iShares Morningstar Growth E | 0.20% | 6,875 | $499K | No change |
| EBMT Eagle Bancorp Montana Inc. | 0.19% | 37,868 | $487K | No change |
| TLH iShares 10-20 Year Treasury | 0.19% | 4,838 | $480K | Add +52.7% |
| DVY iShares Select Dividend ETF | 0.19% | 3,866 | $468K | Add +0.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.18% | 1,198 | $461K | Add +0.3% |
| JHMD John Hancock MF Dev Intl ETF | 0.18% | 13,449 | $451K | Add +14.6% |
| CVX Chevron Corp. | 0.18% | 2,743 | $449K | No change |
| CZA Invesco Zacks Mid-Cap ETF | 0.17% | 4,342 | $423K | No change |
| DFUV Dimensional US Marketwide Va | 0.17% | 10,674 | $422K | Add +9.8% |
| VOO Vanguard S&P 500 ETF | 0.16% | 887 | $412K | Add +14.6% |
| IHI iShares U.S. Medical Devices | 0.16% | 7,399 | $412K | Add +1.6% |
| FTEC Fidelity MSCI Info Tech Indx | 0.16% | 2,781 | $409K | Add +0.7% |
| DON Wisdomtree US Midcap Dividen | 0.16% | 8,627 | $405K | Add +0.3% |
| DE Deere & Co. | 0.16% | 1,003 | $396K | Add +5.3% |
| XLV SS Health Care Select Sector | 0.16% | 2,805 | $395K | Add +1.3% |
| VYM Vanguard High DVD Yield ETF | 0.15% | 3,274 | $386K | Add +14.8% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.15% | 4,422 | $385K | No change |
| AMGN Amgen Inc. | 0.15% | 1,379 | $377K | Reduce -3.1% |
| PEY Invesco High Yield Equity Di | 0.15% | 18,610 | $376K | No change |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.15% | 3,327 | $375K | Add +0.0% |
| HDV iShares Core High Dividend E | 0.14% | 3,209 | $352K | Reduce -3.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.14% | 1,063 | $352K | Add +0.1% |
| SUB iShares Short-Term National | 0.14% | 3,349 | $350K | Reduce -34.2% |
| OEF iShares S&P 100 ETF | 0.14% | 1,456 | $349K | Reduce -90.1% |
| STAG Stag Industrial Inc. | 0.13% | 9,777 | $340K | No change |
| IWP iShares Russell Mid-Cap Grow | 0.13% | 3,085 | $335K | Add +0.1% |
| XLC SS Comm Select Sector SPDR | 0.13% | 4,095 | $331K | Add +29.1% |
| COP Conocophillips | 0.13% | 2,490 | $322K | Reduce -11.2% |
| ADI Analog Devices Inc. | 0.12% | 1,599 | $314K | Add +0.1% |
| IWN iShares Russell 2000 Value E | 0.12% | 1,958 | $296K | Reduce -3.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.12% | 3,090 | $294K | No change |
| JPM JPMorgan Chase & Co. | 0.11% | 1,494 | $288K | Reduce -2.3% |
| XPMAX Pioneer Municipal High Inc. | 0.11% | 36,174 | $284K | Add +0.1% |
| ABBV Abbvie Inc. | 0.11% | 1,682 | $282K | Reduce -1.3% |
| GLD SPDR Gold Shares | 0.10% | 1,235 | $265K | No change |
| COST Costco Wholesale Corp. | 0.10% | 361 | $261K | Add +9.1% |
| JHMM John Hancock Multi Fact Mid | 0.10% | 4,667 | $255K | Add +15.2% |
| AGG iShares Core U.S. Aggregate | 0.10% | 2,646 | $252K | Reduce -5.2% |
| QCOM Qualcomm Inc. | 0.10% | 1,526 | $250K | No change |
| PFN PIMCO Income Strategy FD II | 0.10% | 34,175 | $248K | No change |
| XLY SS Consumer Disc Select Sect | 0.10% | 1,381 | $241K | New |
| IWM iShares Russell 2000 ETF | 0.10% | 1,216 | $240K | No change |
| MTUM iShares MSCI USA Momentum Fa | 0.09% | 1,334 | $238K | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 0.09% | 1,476 | $238K | New |
| UPS United Parcel Service Class B | 0.09% | 1,606 | $235K | Reduce -8.8% |
| AMP Ameriprise Financial Inc. | 0.09% | 567 | $234K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| QUAL iShares MSCI USA Quality Fac | Reduce -33.6% | 3.53% | −1.63 |
| OEF iShares S&P 100 ETF | Reduce -90.1% | 0.14% | −1.22 |
| IVW iShares S&P 500 Growth ETF | Reduce -82.0% | 0.25% | −1.11 |
| TFLO iShares Treasury Floating Ra | Reduce -26.7% | 1.91% | −0.70 |
| GOVT iShares US Treasury Bond ETF | Reduce -65.8% | 0.35% | −0.70 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -65.4% | 0.36% | −0.66 |
| ESGU iShares ESG Aware MSCI USA | Reduce -17.0% | 3.39% | −0.60 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -54.6% | 0.41% | −0.53 |
| TLT iShares 20+ Year Treasury BD | Reduce -6.6% | 1.82% | −0.28 |
| SCHI Schwab 5-10 Year Corporate B | Reduce -43.5% | 0.29% | −0.24 |
| AAPL Apple Inc. | Reduce -1.1% | 1.35% | −0.20 |
| IEMG iShares Core MSCI Emerging | Reduce -11.5% | 2.04% | −0.17 |
| TIP iShares Tips Bond ETF | Reduce -24.2% | 0.42% | −0.14 |
| FALN iShares Fallen Angels ETF | Sold out | 0.00% | −0.13 |
| EEMV iShares MSCI Emg MKT Min Vol | Sold out | 0.00% | −0.10 |
| SCHG Schwab US Large-Cap Growth | Sold out | 0.00% | −0.09 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.08 |
| SUB iShares Short-Term National | Reduce -34.2% | 0.14% | −0.07 |
| ESGE iShares Inc. iShares ESG Awar | Reduce -20.4% | 0.30% | −0.07 |
| EFV iShares MSCI Eafe Value ETF | Reduce -4.5% | 5.05% | −0.06 |
| IJH iShares Core S&P Midcap ETF | Reduce -13.6% | 0.37% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -5.2% | 0.59% | −0.04 |
| HD Home Depot Inc. | Reduce -2.7% | 0.35% | −0.04 |
| IXN iShares Global Tech ETF | Reduce -9.1% | 0.24% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.4% | 0.92% | −0.03 |
| AMGN Amgen Inc. | Reduce -3.1% | 0.15% | −0.03 |
| COMT iShares Gsci Commodity Dynam | Reduce -23.6% | 0.09% | −0.02 |
| VLUE iShares MSCI USA Value Facto | Reduce -8.6% | 0.25% | −0.02 |
| UPS United Parcel Service Class B | Reduce -8.8% | 0.09% | −0.02 |
| PSA Public Storage | Reduce -2.0% | 0.09% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -5.2% | 0.10% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -4.6% | 0.39% | −0.01 |
| IWN iShares Russell 2000 Value E | Reduce -3.5% | 0.12% | −0.01 |
| BND Vanguard Total Bond Market | Reduce -0.5% | 0.08% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -3.7% | 0.25% | −0.00 |
| AVGO Broadcom Inc. | Reduce -2.8% | 0.21% | +0.00 |
| ABBV Abbvie Inc. | Reduce -1.3% | 0.11% | +0.00 |
| HDV iShares Core High Dividend E | Reduce -3.7% | 0.14% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.2% | 0.93% | +0.00 |
| COP Conocophillips | Reduce -11.2% | 0.13% | +0.00 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -1.1% | 0.09% | +0.00 |
| XLI SS Industrial Select Sector | Reduce -1.8% | 0.09% | +0.00 |
| IWY iShares Russell Top 200 Grow | Reduce -0.3% | 0.45% | +0.00 |
| IXUS iShares Core Intl Stock ETF | Reduce -1.5% | 0.45% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.5% | 0.29% | +0.01 |
| WM Waste Management Inc. | Reduce -3.4% | 0.09% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -2.3% | 0.11% | +0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -2.4% | 8.04% | +0.02 |
| AMZN Amazon.com Inc. | Reduce -1.2% | 0.51% | +0.04 |
| MRK Merck & Co. Inc. | Reduce -0.2% | 1.87% | +0.08 |
Portfolio Buys Q4 2023 → Q1 2024
| IVE iShares S&P 500 Value ETF | New | 2.40% | +2.40 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | New | 1.92% | +1.92 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +24.9% | 9.63% | +1.67 |
| IVV iShares Core S&P 500 ETF | Add +2.6% | 20.94% | +1.07 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.41% | +0.41 |
| IXC iShares Global Energy ETF | Add +27.3% | 0.66% | +0.20 |
| EFG iShares MSCI Eafe Growth ETF | Add +2.7% | 3.96% | +0.17 |
| XOM Exxon Mobil Corp. | Add +0.0% | 1.07% | +0.16 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +21.4% | 0.62% | +0.12 |
| MUB iShares National Muni Bond E | Add +7.0% | 2.13% | +0.10 |
| XLY SS Consumer Disc Select Sect | New | 0.10% | +0.10 |
| GOOG Alphabet Inc. Class C | New | 0.09% | +0.09 |
| JHEM John Hancock Multi Em MRK Et | New | 0.09% | +0.09 |
| AOA iShares Core 80/20 Aggressiv | New | 0.09% | +0.09 |
| NVDA Nvidia Corp. | Add +8.0% | 0.26% | +0.07 |
| IYW iShares Ustechnology ETF | Add +4.3% | 2.36% | +0.06 |
| TLH iShares 10-20 Year Treasury | Add +52.7% | 0.19% | +0.06 |
| IFRA iShares US Infrastructure | Add +2.0% | 0.60% | +0.05 |
| JHML John Hancock Multi Fact LRG | Add +11.6% | 0.39% | +0.05 |
| XLC SS Comm Select Sector SPDR | Add +29.1% | 0.13% | +0.03 |
| JHMD John Hancock MF Dev Intl ETF | Add +14.6% | 0.18% | +0.03 |
| VYM Vanguard High DVD Yield ETF | Add +14.8% | 0.15% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +14.6% | 0.16% | +0.02 |
| DFUV Dimensional US Marketwide Va | Add +9.8% | 0.17% | +0.02 |
| JHMM John Hancock Multi Fact Mid | Add +15.2% | 0.10% | +0.02 |
| COST Costco Wholesale Corp. | Add +9.1% | 0.10% | +0.01 |
| EMB iShares JP Morgan Usd Emergi | Add +2.9% | 0.39% | +0.01 |
| F Ford Motor Co. | Add +0.1% | 0.07% | +0.01 |
| DVY iShares Select Dividend ETF | Add +0.6% | 0.19% | +0.01 |
| DE Deere & Co. | Add +5.3% | 0.16% | +0.01 |
| BDX Becton Dickinson and Co. | Add +9.2% | 0.09% | +0.01 |
| DON Wisdomtree US Midcap Dividen | Add +0.3% | 0.16% | +0.00 |
| MSFT Microsoft Corp. | Add +1.5% | 0.34% | +0.00 |
| IWP iShares Russell Mid-Cap Grow | Add +0.1% | 0.13% | +0.00 |
| XLV SS Health Care Select Sector | Add +1.3% | 0.16% | +0.00 |
| CSCO Cisco Systems Inc. | Add +10.9% | 0.08% | +0.00 |
| IHI iShares U.S. Medical Devices | Add +1.6% | 0.16% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.1% | 0.14% | +0.00 |
| SBRA Sabra Health Care REIT Inc. | Add +0.2% | 0.06% | +0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.3% | 0.18% | +0.00 |
| XPMAX Pioneer Municipal High Inc. | Add +0.1% | 0.11% | −0.00 |
| ADI Analog Devices Inc. | Add +0.1% | 0.12% | −0.00 |
| IJJ iShares S&P Mid-Cap 400 Valu | Add +0.0% | 0.15% | −0.00 |
| NCV Virtus Convertible & Income | Add +0.4% | 0.02% | −0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +0.2% | 0.09% | −0.00 |
| XCHYX Calamos Convert & High Inc. | Add +0.5% | 0.09% | −0.00 |
| FTEC Fidelity MSCI Info Tech Indx | Add +0.7% | 0.16% | −0.00 |
| FIBK First Interstate Bancsys-A | Add +0.1% | 0.26% | −0.03 |
| SCHZ Schwab US Aggregate Bond ETF | Add +0.5% | 2.34% | −0.07 |
| MBB iShares MBS ETF | Add +0.0% | 3.01% | −0.12 |