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

0$100.0M$200.0M$300.0M Q1 2024: $252.6M $252.6M Q1 2024 Q2 2024: $271.5M Q2 2024 Q3 2024: $277.5M Q3 2024

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
JHEM John Hancock Multi Em MRK Et 0.09% 9,100 $233K New
XCHYX Calamos Convert & High Inc. 0.09% 20,291 $231K Add +0.5%
IGSB iShares 1-5Y Inv Grade Corp. 0.09% 4,499 $229K Add +0.2%
XLI SS Industrial Select Sector 0.09% 1,863 $227K Reduce -1.8%
COMT iShares Gsci Commodity Dynam 0.09% 8,161 $226K Reduce -23.6%
WM Waste Management Inc. 0.09% 1,062 $223K Reduce -3.4%
PSA Public Storage 0.09% 852 $223K Reduce -2.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 1,211 $223K No change
BDX Becton Dickinson and Co. 0.09% 950 $222K Add +9.2%
AOA iShares Core 80/20 Aggressiv 0.09% 3,021 $215K New
CSCO Cisco Systems Inc. 0.08% 4,355 $211K Add +10.9%
BND Vanguard Total Bond Market 0.08% 2,955 $209K Reduce -0.5%
F Ford Motor Co. filed as FORD MTR CO DEL 0.07% 14,521 $188K Add +0.1%
SBRA Sabra Health Care REIT Inc. 0.06% 11,678 $160K Add +0.2%
HYT BlackRock Corp. Hi YLD 0.05% 12,461 $120K No change
NCV Virtus Convertible & Income 0.02% 17,784 $56K Add +0.4%
BARK Bark Inc. 0.01% 18,124 $20K 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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2024 125$277.5MIVV, IUSB, QUAL, SPYM, IVW
Q2 2024 122$271.5MIVV, IUSB, QUAL, SPYM, IVW
Q1 2024 117$252.6MIVV, IUSB, SPYM, EFV, EFG