TNF LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 25, 2024), TNF LLC reported 122 stock positions worth $271.5 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 16.9% of the portfolio, followed by Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 9.4%) and iShares MSCI USA Quality Fac (QUAL, 5.1%). Compared with Q1 2024, it opened 8 new positions, sold out of 3, added to 43 and reduced 42. The biggest buy was iShares S&P 500 Growth ETF (IVW, shares +1827%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −19%).

Most Recent 13F
Q3 2024
Location
BILLINGS, MT
CIK
0001849683
Portfolio Value
$271.5M (Q2 2024)
SEC Filing
0001849683-24-000006 ↗ filed Jul 25, 2024

Holdings Value

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

Holdings 122 stocks · $271.5M
IVV iShares Core S&P 500 ETF 16.86% 84,132 $45.8M Reduce -19.2%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 9.38% 559,835 $25.5M Add +2.3%
QUAL iShares MSCI USA Quality Fac 5.11% 82,298 $13.9M Add +45.5%
SPYM Ste STR SPDR PT S&P 500 ETF 5.08% 216,917 $13.8M Reduce -36.5%
IVW iShares S&P 500 Growth ETF 4.97% 149,866 $13.5M Add +1826.8%
EFG iShares MSCI Eafe Growth ETF 4.84% 129,720 $13.1M Add +29.3%
DYNF Ishrs US E F R A ETF-Usd Inc. 4.04% 236,362 $11.0M Add +109.6%
MBB iShares MBS ETF 2.97% 87,052 $8.1M Add +3.0%
EFV iShares MSCI Eafe Value ETF 2.87% 143,595 $7.8M Reduce -39.6%
MRK Merck & Co. Inc. 2.81% 60,606 $7.6M Add +63.1%
IVE iShares S&P 500 Value ETF 2.61% 37,924 $7.1M Add +13.2%
IYW iShares Ustechnology ETF 2.48% 46,728 $6.7M Add +1.1%
ESGU iShares ESG Aware MSCI USA 2.32% 52,971 $6.3M Reduce -31.3%
SCHZ Schwab US Aggregate Bond ETF 2.30% 136,393 $6.3M Add +3.5%
IEMG iShares Core MSCI Emerging 1.99% 102,002 $5.4M Add +1.4%
MUB iShares National Muni Bond E 1.96% 49,778 $5.3M Reduce -1.7%
TLT iShares 20+ Year Treasury BD 1.75% 52,024 $4.8M Reduce -0.1%
AAPL Apple Inc. 1.61% 20,025 $4.4M Reduce -0.6%
EMXC iShares MSCI Emr MRK Ex Chna 1.35% 62,634 $3.7M Add +122.5%
BINC iShares Flex I A ETF-Usd Inc. 1.02% 52,913 $2.8M Add +162.5%
QQQ Invesco QQQ Trust Series 1 0.92% 5,414 $2.5M Reduce -0.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.92% 4,634 $2.5M No change
XOM Exxon Mobil Corp. 0.88% 20,711 $2.4M Reduce -7.6%
HEFA Isha Curr Hedged MSCI Eafe 0.66% 51,810 $1.8M New
IFRA iShares US Infrastructure 0.58% 35,012 $1.6M Reduce -2.9%
GOVT iShares US Treasury Bond ETF 0.56% 66,740 $1.5M Add +69.1%
IJR iShares Core S&P Small-Cap E 0.54% 12,773 $1.5M Reduce -9.9%
AMZN Amazon.com Inc. 0.47% 7,094 $1.3M Reduce -2.1%
IWY iShares Russell Top 200 Grow 0.46% 6,037 $1.3M No change
IXUS iShares Core Intl Stock ETF 0.44% 17,429 $1.2M Add +0.7%
TIP iShares Tips Bond ETF 0.40% 10,102 $1.1M Add +1.1%
EMB iShares JP Morgan Usd Emergi 0.40% 12,078 $1.1M Add +7.8%
TFLO iShares Treasury Floating Ra 0.39% 21,173 $1.1M Reduce -77.7%
JHML John Hancock Multi Fact LRG 0.39% 16,425 $1.1M Add +3.4%
MSFT Microsoft Corp. 0.37% 2,313 $992K Add +9.5%
EFA iShares MSCI Eafe ETF 0.36% 12,514 $987K No change
IJH iShares Core S&P Midcap ETF 0.36% 16,238 $973K Reduce -0.7%
HD Home Depot Inc. 0.35% 2,679 $939K Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 0.33% 2,051 $888K New
GIGB Goldman Sachs Inv GRD Corp. 0.31% 18,678 $849K New
NVDA Nvidia Corp. 0.31% 7,335 $838K Reduce -12.2%
FIBK First Interstate Bancsys-A 0.29% 25,009 $790K Add +1.7%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.29% 7,246 $780K Reduce -26.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.28% 4,597 $755K Add +0.5%
COST Costco Wholesale Corp. 0.27% 886 $736K Add +145.4%
ESGE iShares Inc. iShares ESG Awar 0.26% 21,676 $719K Reduce -7.8%
IXN iShares Global Tech ETF 0.24% 8,363 $663K Reduce -3.0%
XMMO Invesco S&P Midcap Momentum 0.24% 5,597 $644K No change
AVGO Broadcom Inc. 0.23% 4,188 $634K Add +899.5%
PPG PPG Industries Inc. 0.23% 5,047 $632K No change
AXP American Express Co. 0.23% 2,579 $622K Reduce -0.6%
VLUE iShares MSCI USA Value Facto 0.23% 5,799 $615K Reduce -4.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.22% 2,397 $589K Reduce -8.3%
USMV iShares MSCI USA Min Vol Fac 0.21% 6,762 $577K Reduce -38.8%
IWF iShares Russell 1000 Growth 0.21% 1,624 $575K Add +0.1%
VGT Vanguard Info Tech ETF 0.21% 1,022 $573K Reduce -0.3%
ILCG iShares Morningstar Growth E 0.20% 6,875 $543K No change
EBMT Eagle Bancorp Montana Inc. 0.20% 37,868 $542K No change
DVY iShares Select Dividend ETF 0.18% 3,874 $494K Add +0.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.18% 1,200 $479K Add +0.2%
CSCO Cisco Systems Inc. 0.18% 10,155 $476K Add +133.2%
FTEC Fidelity MSCI Info Tech Indx 0.17% 2,789 $465K Add +0.3%
AMGN Amgen Inc. 0.17% 1,380 $463K Add +0.1%
JHMD John Hancock MF Dev Intl ETF 0.17% 13,714 $460K Add +2.0%
CZA Invesco Zacks Mid-Cap ETF 0.16% 4,342 $434K No change
DFUV Dimensional US Marketwide Va 0.16% 10,674 $429K No change
CVX Chevron Corp. 0.16% 2,744 $426K Add +0.0%
VOO Vanguard S&P 500 ETF 0.16% 855 $425K Reduce -3.6%
XLV SS Health Care Select Sector 0.15% 2,805 $420K No change
DON Wisdomtree US Midcap Dividen 0.15% 8,659 $419K Add +0.4%
IHI iShares U.S. Medical Devices 0.15% 7,250 $414K Reduce -2.0%
VYM Vanguard High DVD Yield ETF 0.15% 3,271 $398K Reduce -0.1%
IJK iShares S&P Mid-Cap 400 Grow 0.15% 4,425 $395K Add +0.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.14% 3,335 $393K Add +0.2%
PEY Invesco High Yield Equity Di 0.14% 18,610 $390K No change
STAG Stag Industrial Inc. 0.14% 9,777 $388K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.14% 1,059 $384K Reduce -0.4%
DE Deere & Co. 0.14% 1,003 $370K No change
ADI Analog Devices Inc. 0.13% 1,594 $358K Reduce -0.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.13% 3,090 $344K No change
HDV iShares Core High Dividend E 0.13% 3,054 $342K Reduce -4.8%
XLC SS Comm Select Sector SPDR 0.13% 4,098 $341K Add +0.1%
SUB iShares Short-Term National 0.12% 3,213 $338K Reduce -4.1%
IWP iShares Russell Mid-Cap Grow 0.12% 3,088 $337K Add +0.1%
ICVT iShares Convertible Bond ETF 0.12% 4,209 $336K New
IWN iShares Russell 2000 Value E 0.12% 1,962 $326K Add +0.2%
OEF iShares S&P 100 ETF 0.12% 1,246 $326K Reduce -14.4%
JPM JPMorgan Chase & Co. 0.11% 1,494 $312K No change
TSLA Tesla Inc. 0.11% 1,437 $310K New
XPMAX Pioneer Municipal High Inc. 0.11% 36,195 $303K Add +0.1%
ABBV Abbvie Inc. 0.11% 1,682 $296K No change
COP Conocophillips 0.10% 2,490 $277K No change
QCOM Qualcomm Inc. 0.10% 1,526 $276K No change
GLD SPDR Gold Shares 0.10% 1,235 $274K No change
JHMM John Hancock Multi Fact Mid 0.10% 4,863 $273K Add +4.2%
IXC iShares Global Energy ETF 0.10% 6,533 $269K Reduce -82.8%
IWM iShares Russell 2000 ETF 0.10% 1,216 $265K No change
TLH iShares 10-20 Year Treasury 0.10% 2,530 $260K Reduce -47.7%
AGG iShares Core U.S. Aggregate 0.10% 2,646 $259K No change
GOOG Alphabet Inc. Class C 0.09% 1,476 $257K No change

Show all 122 holdings

Portfolio Sells Q1 2024 → Q2 2024
IVV iShares Core S&P 500 ETF Reduce -19.2% 16.86% −4.08
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -36.5% 5.08% −2.96
EFV iShares MSCI Eafe Value ETF Reduce -39.6% 2.87% −2.18
TFLO iShares Treasury Floating Ra Reduce -77.7% 0.39% −1.51
ESGU iShares ESG Aware MSCI USA Reduce -31.3% 2.32% −1.07
IXC iShares Global Energy ETF Reduce -82.8% 0.10% −0.57
SCHI Schwab 5-10 Year Corporate B Sold out 0.00% −0.29
XOM Exxon Mobil Corp. Reduce -7.6% 0.88% −0.20
MUB iShares National Muni Bond E Reduce -1.7% 1.96% −0.17
USMV iShares MSCI USA Min Vol Fac Reduce -38.8% 0.21% −0.14
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -26.3% 0.29% −0.12
TLH iShares 10-20 Year Treasury Reduce -47.7% 0.10% −0.09
UPS United Parcel Service Class B Sold out 0.00% −0.09
IGSB iShares 1-5Y Inv Grade Corp. Sold out 0.00% −0.09
TLT iShares 20+ Year Treasury BD Reduce -0.1% 1.75% −0.07
IJR iShares Core S&P Small-Cap E Reduce -9.9% 0.54% −0.06
AMZN Amazon.com Inc. Reduce -2.1% 0.47% −0.03
ESGE iShares Inc. iShares ESG Awar Reduce -7.8% 0.26% −0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -8.3% 0.22% −0.03
IFRA iShares US Infrastructure Reduce -2.9% 0.58% −0.03
XCHYX Calamos Convert & High Inc. Reduce -20.6% 0.07% −0.02
VLUE iShares MSCI USA Value Facto Reduce -4.4% 0.23% −0.02
OEF iShares S&P 100 ETF Reduce -14.4% 0.12% −0.02
AXP American Express Co. Reduce -0.6% 0.23% −0.02
IJH iShares Core S&P Midcap ETF Reduce -0.7% 0.36% −0.02
SUB iShares Short-Term National Reduce -4.1% 0.12% −0.01
COMT iShares Gsci Commodity Dynam Reduce -5.3% 0.08% −0.01
HDV iShares Core High Dividend E Reduce -4.8% 0.13% −0.01
IHI iShares U.S. Medical Devices Reduce -2.0% 0.15% −0.01
HD Home Depot Inc. Reduce -0.4% 0.35% −0.01
XLI SS Industrial Select Sector Reduce -3.0% 0.08% −0.01
VOO Vanguard S&P 500 ETF Reduce -3.6% 0.16% −0.01
VYM Vanguard High DVD Yield ETF Reduce -0.1% 0.15% −0.01
WM Waste Management Inc. Reduce -2.9% 0.08% −0.01
JHEM John Hancock Multi Em MRK Et Reduce -1.5% 0.09% −0.01
MTUM iShares MSCI USA Momentum Fa Reduce -2.4% 0.09% −0.00
NCV Virtus Convertible & Income Reduce -5.5% 0.02% −0.00
SBRA Sabra Health Care REIT Inc. Reduce -9.1% 0.06% +0.00
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.4% 0.14% +0.00
IXN iShares Global Tech ETF Reduce -3.0% 0.24% +0.00
QQQ Invesco QQQ Trust Series 1 Reduce -0.5% 0.92% +0.00
ADI Analog Devices Inc. Reduce -0.3% 0.13% +0.01
VGT Vanguard Info Tech ETF Reduce -0.3% 0.21% +0.01
NVDA Nvidia Corp. Reduce -12.2% 0.31% +0.05
AAPL Apple Inc. Reduce -0.6% 1.61% +0.26

Portfolio Buys Q1 2024 → Q2 2024
IVW iShares S&P 500 Growth ETF Add +1826.8% 4.97% +4.72
DYNF Ishrs US E F R A ETF-Usd Inc. Add +109.6% 4.04% +2.13
QUAL iShares MSCI USA Quality Fac Add +45.5% 5.11% +1.58
MRK Merck & Co. Inc. Add +63.1% 2.81% +0.94
EFG iShares MSCI Eafe Growth ETF Add +29.3% 4.84% +0.88
EMXC iShares MSCI Emr MRK Ex Chna Add +122.5% 1.35% +0.73
HEFA Isha Curr Hedged MSCI Eafe New 0.66% +0.66
BINC iShares Flex I A ETF-Usd Inc. Add +162.5% 1.02% +0.61
BRK.B Berkshire Hathaway Inc. Class B New 0.33% +0.33
GIGB Goldman Sachs Inv GRD Corp. New 0.31% +0.31
GOVT iShares US Treasury Bond ETF Add +69.1% 0.56% +0.21
IVE iShares S&P 500 Value ETF Add +13.2% 2.61% +0.21
COST Costco Wholesale Corp. Add +145.4% 0.27% +0.17
IYW iShares Ustechnology ETF Add +1.1% 2.48% +0.12
ICVT iShares Convertible Bond ETF New 0.12% +0.12
TSLA Tesla Inc. New 0.11% +0.11
CSCO Cisco Systems Inc. Add +133.2% 0.18% +0.09
SCHG Schwab US Large-Cap Growth New 0.08% +0.08
DFAX Dimensional World Ex US Core New 0.08% +0.08
VEA Vanguard Ftse Developed ETF New 0.08% +0.08
FIBK First Interstate Bancsys-A Add +1.7% 0.29% +0.03
AVGO Broadcom Inc. Add +899.5% 0.23% +0.03
MSFT Microsoft Corp. Add +9.5% 0.37% +0.02
AMGN Amgen Inc. Add +0.1% 0.17% +0.02
FTEC Fidelity MSCI Info Tech Indx Add +0.3% 0.17% +0.01
EMB iShares JP Morgan Usd Emergi Add +7.8% 0.40% +0.01
BND Vanguard Total Bond Market Add +9.8% 0.09% +0.00
IWF iShares Russell 1000 Growth Add +0.1% 0.21% +0.00
IWN iShares Russell 2000 Value E Add +0.2% 0.12% +0.00
JHML John Hancock Multi Fact LRG Add +3.4% 0.39% +0.00
AOA iShares Core 80/20 Aggressiv Add +2.4% 0.08% −0.00
JHMM John Hancock Multi Fact Mid Add +4.2% 0.10% −0.00
XPMAX Pioneer Municipal High Inc. Add +0.1% 0.11% −0.00
F Ford Motor Co. Add +0.1% 0.07% −0.00
XLY SS Consumer Disc Select Sect Add +0.1% 0.09% −0.00
DVY iShares Select Dividend ETF Add +0.2% 0.18% −0.00
IJJ iShares S&P Mid-Cap 400 Valu Add +0.2% 0.14% −0.00
XLC SS Comm Select Sector SPDR Add +0.1% 0.13% −0.01
DON Wisdomtree US Midcap Dividen Add +0.4% 0.15% −0.01
DIA SS SPDR Dow Jones Indus Avg Add +0.2% 0.18% −0.01
IJK iShares S&P Mid-Cap 400 Grow Add +0.1% 0.15% −0.01
IWP iShares Russell Mid-Cap Grow Add +0.1% 0.12% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +0.5% 0.28% −0.01
JHMD John Hancock MF Dev Intl ETF Add +2.0% 0.17% −0.01
IXUS iShares Core Intl Stock ETF Add +0.7% 0.44% −0.02
CVX Chevron Corp. Add +0.0% 0.16% −0.02
TIP iShares Tips Bond ETF Add +1.1% 0.40% −0.02
SCHZ Schwab US Aggregate Bond ETF Add +3.5% 2.30% −0.03
MBB iShares MBS ETF Add +3.0% 2.97% −0.04
IEMG iShares Core MSCI Emerging Add +1.4% 1.99% −0.05

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