TNF LLC

Name: TNF LLC 13F holdings, Q3 2024
Creator: TNF LLC
Published: 2024-10-25

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 25, 2024), TNF LLC reported 125 stock positions worth $277.5 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 17.4% of the portfolio, followed by Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 9.2%) and iShares MSCI USA Quality Fac (QUAL, 5.3%). Compared with Q2 2024, it opened 6 new positions, sold out of 3, added to 38 and reduced 45. The biggest buy was a new position in Union Pacific (UNP) and the biggest sale iShares National Muni Bond E (MUB, shares −42%).

Most Recent 13F: Q3 2024
Location: BILLINGS, MT
CIK: 0001849683
Portfolio Value: $277.5M (Q3 2024)
SEC Filing: 0001849683-24-000008 ↗ filed Oct 25, 2024

Holdings Value

Holdings 125 stocks · $277.5M


IVV iShares Core S&P 500 ETF	17.39%	82,899	$48.2M	Reduce -1.5%
IUSB Ishr CR Unvrse Usd BD ETF-Ui	9.22%	556,013	$25.6M	Reduce -0.7%
QUAL iShares MSCI USA Quality Fac	5.29%	81,688	$14.7M	Reduce -0.7%
SPYM Ste STR SPDR PT S&P 500 ETF	5.21%	212,323	$14.5M	Reduce -2.1%
IVW iShares S&P 500 Growth ETF	5.21%	148,921	$14.5M	Reduce -0.6%
EFG iShares MSCI Eafe Growth ETF	4.76%	128,626	$13.2M	Reduce -0.8%
DYNF Ishrs US E F R A ETF-Usd Inc.	4.28%	234,930	$11.9M	Reduce -0.6%
MBB iShares MBS ETF	2.90%	86,108	$8.0M	Reduce -1.1%
EFV iShares MSCI Eafe Value ETF	2.80%	140,022	$7.8M	Reduce -2.5%
IVE iShares S&P 500 Value ETF	2.68%	37,591	$7.4M	Reduce -0.9%
IYW iShares Ustechnology ETF	2.58%	46,286	$7.1M	Reduce -0.9%
ESGU iShares ESG Aware MSCI USA	2.42%	52,753	$6.7M	Reduce -0.4%
MRK Merck & Co. Inc.	2.28%	59,724	$6.3M	Reduce -1.5%
IEMG iShares Core MSCI Emerging	2.03%	99,733	$5.6M	Reduce -2.2%
SCHZ Schwab US Aggregate Bond ETF	1.89%	226,457	$5.2M	Add +66.0%
TLT iShares 20+ Year Treasury BD	1.71%	51,280	$4.8M	Reduce -1.4%
AAPL Apple Inc.	1.67%	20,041	$4.6M	Add +0.1%
EMXC iShares MSCI Emr MRK Ex Chna	1.34%	62,127	$3.7M	Reduce -0.8%
MUB iShares National Muni Bond E	1.11%	28,899	$3.1M	Reduce -41.9%
BINC iShares Flex I A ETF-Usd Inc.	1.00%	52,524	$2.8M	Reduce -0.7%
SPY SS SPDR S&P 500 ETF Trust-US	0.97%	4,633	$2.7M	Reduce -0.0%
QQQ Invesco QQQ Trust Series 1	0.96%	5,404	$2.7M	Reduce -0.2%
XOM Exxon Mobil Corp.	0.89%	20,553	$2.5M	Reduce -0.8%
HEFA Isha Curr Hedged MSCI Eafe	0.64%	50,650	$1.8M	Reduce -2.2%
IFRA iShares US Infrastructure	0.59%	34,631	$1.6M	Reduce -1.1%
GOVT iShares US Treasury Bond ETF	0.54%	65,132	$1.5M	Reduce -2.4%
IWY iShares Russell Top 200 Grow	0.49%	6,037	$1.3M	No change
IJR iShares Core S&P Small-Cap E	0.48%	11,558	$1.3M	Reduce -9.5%
AMZN Amazon.com Inc.	0.47%	7,071	$1.3M	Reduce -0.3%
JHML John Hancock Multi Fact LRG	0.45%	17,871	$1.2M	Add +8.8%
IXUS iShares Core Intl Stock ETF	0.44%	17,494	$1.2M	Add +0.4%
NVDA Nvidia Corp.	0.40%	7,829	$1.1M	Add +6.7%
EMB iShares JP Morgan Usd Emergi	0.39%	11,991	$1.1M	Reduce -0.7%
HD Home Depot Inc.	0.39%	2,679	$1.1M	No change
TIP iShares Tips Bond ETF	0.38%	9,816	$1.1M	Reduce -2.8%
IJH iShares Core S&P Midcap ETF	0.36%	16,210	$1.0M	Reduce -0.2%
TFLO iShares Treasury Floating Ra	0.36%	19,894	$1.0M	Reduce -6.0%
EFA iShares MSCI Eafe ETF	0.36%	12,514	$1.0M	No change
MSFT Microsoft Corp.	0.35%	2,314	$983K	Add +0.0%
BRK.B Berkshire Hathaway Inc. Class B	0.34%	2,051	$939K	No change
GIGB Goldman Sachs Inv GRD Corp.	0.31%	18,629	$859K	Reduce -0.3%
VTV Vanguard Mrngstr Val ETF-Aui	0.29%	4,647	$812K	Add +1.1%
FIBK First Interstate Bancsys-A	0.29%	25,376	$812K	Add +1.5%
COST Costco Wholesale Corp.	0.29%	888	$793K	Add +0.2%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	0.27%	6,797	$745K	Reduce -6.2%
AVGO Broadcom Inc.	0.26%	4,190	$718K	Reduce -90.0%
AXP American Express Co.	0.25%	2,579	$696K	No change
IXN iShares Global Tech ETF	0.25%	8,363	$693K	No change
XMMO Invesco S&P Midcap Momentum	0.25%	5,597	$682K	No change
PPG PPG Industries Inc.	0.23%	5,047	$642K	No change
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.23%	2,398	$638K	Add +0.0%
VLUE iShares MSCI USA Value Facto	0.23%	5,779	$630K	Reduce -0.3%
EBMT Eagle Bancorp Montana Inc.	0.23%	37,868	$630K	No change
IWF iShares Russell 1000 Growth	0.22%	1,626	$620K	Add +0.1%
USMV iShares MSCI USA Min Vol Fac	0.22%	6,725	$616K	Reduce -0.6%
VGT Vanguard Info Tech ETF	0.22%	1,022	$612K	No change
ILCG iShares Morningstar Growth E	0.21%	6,875	$590K	No change
CSCO Cisco Systems Inc.	0.20%	10,155	$568K	No change
FTEC Fidelity MSCI Info Tech Indx	0.19%	2,929	$522K	Add +5.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.18%	1,201	$509K	Add +0.1%
JHMD John Hancock MF Dev Intl ETF	0.18%	15,021	$509K	Add +9.5%
DVY iShares Select Dividend ETF	0.18%	3,685	$498K	Reduce -4.9%
VOO Vanguard S&P 500 ETF	0.17%	901	$480K	Add +5.4%
CZA Invesco Zacks Mid-Cap ETF	0.17%	4,342	$473K	No change
DFUV Dimensional US Marketwide Va	0.16%	10,674	$447K	No change
DON Wisdomtree US Midcap Dividen	0.16%	8,688	$446K	Add +0.3%
AMGN Amgen Inc.	0.16%	1,380	$436K	No change
IHI iShares U.S. Medical Devices	0.15%	7,252	$430K	Add +0.0%
VYM Vanguard High DVD Yield ETF	0.15%	3,285	$425K	Add +0.4%
XLV SS Health Care Select Sector	0.15%	2,806	$419K	Add +0.0%
VUG Vanguard Mrngstar GR ETF-Sui	0.15%	1,072	$419K	Add +1.2%
IJJ iShares S&P Mid-Cap 400 Valu	0.15%	3,345	$416K	Add +0.3%
CVX Chevron Corp.	0.15%	2,745	$413K	Add +0.0%
DE Deere & Co.	0.15%	1,003	$412K	No change
IJK iShares S&P Mid-Cap 400 Grow	0.15%	4,430	$406K	Add +0.1%
PEY Invesco High Yield Equity Di	0.15%	18,610	$406K	No change
TSLA Tesla Inc.	0.13%	1,437	$374K	No change
XLC SS Comm Select Sector SPDR	0.13%	4,101	$372K	Add +0.1%
IWP iShares Russell Mid-Cap Grow	0.13%	3,083	$372K	Reduce -0.2%
STAG Stag Industrial Inc.	0.13%	9,777	$370K	No change
ADI Analog Devices Inc.	0.13%	1,595	$366K	Add +0.1%
HDV iShares Core High Dividend E	0.13%	3,054	$362K	No change
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.13%	3,090	$353K	No change
ICVT iShares Convertible Bond ETF	0.13%	4,142	$349K	Reduce -1.6%
OEF iShares S&P 100 ETF	0.12%	1,230	$345K	Reduce -1.3%
SUB iShares Short-Term National	0.12%	3,225	$340K	Add +0.4%
JPM JPMorgan Chase & Co.	0.12%	1,495	$336K	Add +0.1%
IWN iShares Russell 2000 Value E	0.12%	2,013	$334K	Add +2.6%
JHMM John Hancock Multi Fact Mid	0.12%	5,318	$320K	Add +9.4%
GLD SPDR Gold Shares	0.11%	1,235	$312K	No change
XPMAX Pioneer Municipal High Inc.	0.11%	36,214	$310K	Add +0.1%
ABBV Abbvie Inc.	0.10%	1,510	$286K	Reduce -10.2%
AMP Ameriprise Financial Inc.	0.10%	567	$286K	No change
XLY SS Consumer Disc Select Sect	0.10%	1,383	$277K	Add +0.1%
UNP Union Pacific Corp.	0.10%	1,192	$275K	New
MTUM iShares MSCI USA Momentum Fa	0.10%	1,302	$270K	No change
IWM iShares Russell 2000 ETF	0.10%	1,216	$267K	No change
TLH iShares 10-20 Year Treasury	0.10%	2,559	$266K	Add +1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.10%	1,211	$264K	No change
IXC iShares Global Energy ETF	0.10%	6,433	$264K	Reduce -1.5%
JHEM John Hancock Multi Em MRK Et	0.09%	9,436	$263K	Add +5.3%
AGG iShares Core U.S. Aggregate	0.09%	2,646	$261K	No change
PSA Public Storage	0.09%	770	$260K	Reduce -9.6%
COP Conocophillips	0.09%	2,490	$260K	No change
QCOM Qualcomm Inc.	0.09%	1,526	$257K	No change
PFN PIMCO Income Strategy FD II	0.09%	34,175	$255K	No change
BND Vanguard Total Bond Market	0.09%	3,468	$254K	Add +6.9%
XLI SS Industrial Select Sector	0.09%	1,807	$245K	Reduce -0.1%
ESGE iShares Inc. iShares ESG Awar	0.09%	6,808	$244K	Reduce -68.6%
GOOG Alphabet Inc. Class C	0.09%	1,476	$243K	No change
DGRO iShares Core Dividend Growth	0.08%	3,693	$232K	New
BDX Becton Dickinson and Co.	0.08%	950	$227K	No change
WM Waste Management Inc.	0.08%	1,031	$215K	No change
UPS United Parcel Service Class B	0.08%	1,550	$214K	New
DFAX Dimensional World Ex US Core	0.08%	8,109	$212K	Add +0.7%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.08%	1,044	$209K	New
VEA Vanguard Ftse Developed ETF	0.08%	4,114	$208K	Reduce -0.0%
IYF iShares US Financials ETF	0.07%	1,893	$206K	New
SBRA Sabra Health Care REIT Inc.	0.07%	10,616	$202K	No change
XCHYX Calamos Convert & High Inc.	0.07%	16,207	$195K	Add +0.5%
F Ford Motor Co. filed as FORD MTR CO	0.06%	14,559	$164K	Add +0.1%
NRDS Nerdwallet Inc. Class A	0.06%	14,000	$154K	New
HYT BlackRock Corp. Hi YLD	0.04%	12,461	$122K	No change
NCV Virtus Convertible & Income	0.02%	16,875	$59K	Add +0.4%
BARK Bark Inc.	0.01%	18,124	$25K	No change

Portfolio Sells Q2 2024 → Q3 2024


MUB iShares National Muni Bond E	Reduce -41.9%	1.11%	−0.85
MRK Merck & Co. Inc.	Reduce -1.5%	2.28%	−0.53
ESGE iShares Inc. iShares ESG Awar	Reduce -68.6%	0.09%	−0.18
IUSB Ishr CR Unvrse Usd BD ETF-Ui	Reduce -0.7%	9.22%	−0.16
AOA iShares Core 80/20 Aggressiv	Sold out	0.00%	−0.08
EFG iShares MSCI Eafe Growth ETF	Reduce -0.8%	4.76%	−0.08
SCHG Schwab US Large-Cap Growth	Sold out	0.00%	−0.08
EFV iShares MSCI Eafe Value ETF	Reduce -2.5%	2.80%	−0.08
COMT iShares Gsci Commodity Dynam	Sold out	0.00%	−0.08
MBB iShares MBS ETF	Reduce -1.1%	2.90%	−0.07
IJR iShares Core S&P Small-Cap E	Reduce -9.5%	0.48%	−0.06
TLT iShares 20+ Year Treasury BD	Reduce -1.4%	1.71%	−0.04
TFLO iShares Treasury Floating Ra	Reduce -6.0%	0.36%	−0.03
BINC iShares Flex I A ETF-Usd Inc.	Reduce -0.7%	1.00%	−0.02
GOVT iShares US Treasury Bond ETF	Reduce -2.4%	0.54%	−0.02
HEFA Isha Curr Hedged MSCI Eafe	Reduce -2.2%	0.64%	−0.02
LQD Ishr Ibx Usd Invgd CB ETF-Ui	Reduce -6.2%	0.27%	−0.02
TIP iShares Tips Bond ETF	Reduce -2.8%	0.38%	−0.01
EMXC iShares MSCI Emr MRK Ex Chna	Reduce -0.8%	1.34%	−0.01
ABBV Abbvie Inc.	Reduce -10.2%	0.10%	−0.01
IXC iShares Global Energy ETF	Reduce -1.5%	0.10%	−0.00
GIGB Goldman Sachs Inv GRD Corp.	Reduce -0.3%	0.31%	−0.00
DVY iShares Select Dividend ETF	Reduce -4.9%	0.18%	−0.00
EMB iShares JP Morgan Usd Emergi	Reduce -0.7%	0.39%	−0.00
VEA Vanguard Ftse Developed ETF	Reduce -0.0%	0.08%	−0.00
VLUE iShares MSCI USA Value Facto	Reduce -0.3%	0.23%	+0.00
PSA Public Storage	Reduce -9.6%	0.09%	+0.00
ICVT iShares Convertible Bond ETF	Reduce -1.6%	0.13%	+0.00
AMZN Amazon.com Inc.	Reduce -0.3%	0.47%	+0.00
OEF iShares S&P 100 ETF	Reduce -1.3%	0.12%	+0.00
IJH iShares Core S&P Midcap ETF	Reduce -0.2%	0.36%	+0.01
XLI SS Industrial Select Sector	Reduce -0.1%	0.09%	+0.01
XOM Exxon Mobil Corp.	Reduce -0.8%	0.89%	+0.01
USMV iShares MSCI USA Min Vol Fac	Reduce -0.6%	0.22%	+0.01
IWP iShares Russell Mid-Cap Grow	Reduce -0.2%	0.13%	+0.01
IFRA iShares US Infrastructure	Reduce -1.1%	0.59%	+0.01
AVGO Broadcom Inc.	Reduce -90.0%	0.26%	+0.03
QQQ Invesco QQQ Trust Series 1	Reduce -0.2%	0.96%	+0.03
IEMG iShares Core MSCI Emerging	Reduce -2.2%	2.03%	+0.04
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -0.0%	0.97%	+0.04
IVE iShares S&P 500 Value ETF	Reduce -0.9%	2.68%	+0.07
IYW iShares Ustechnology ETF	Reduce -0.9%	2.58%	+0.09
ESGU iShares ESG Aware MSCI USA	Reduce -0.4%	2.42%	+0.10
SPYM Ste STR SPDR PT S&P 500 ETF	Reduce -2.1%	5.21%	+0.13
QUAL iShares MSCI USA Quality Fac	Reduce -0.7%	5.29%	+0.18
DYNF Ishrs US E F R A ETF-Usd Inc.	Reduce -0.6%	4.28%	+0.24
IVW iShares S&P 500 Growth ETF	Reduce -0.6%	5.21%	+0.24
IVV iShares Core S&P 500 ETF	Reduce -1.5%	17.39%	+0.52

Portfolio Buys Q2 2024 → Q3 2024


UNP Union Pacific Corp.	New	0.10%	+0.10
NVDA Nvidia Corp.	Add +6.7%	0.40%	+0.09
DGRO iShares Core Dividend Growth	New	0.08%	+0.08
UPS United Parcel Service Class B	New	0.08%	+0.08
VBR Vngrd Mrngst SL-CP Val ETF-U	New	0.08%	+0.08
IYF iShares US Financials ETF	New	0.07%	+0.07
NRDS Nerdwallet Inc. Class A	New	0.06%	+0.06
JHML John Hancock Multi Fact LRG	Add +8.8%	0.45%	+0.06
AAPL Apple Inc.	Add +0.1%	1.67%	+0.05
FTEC Fidelity MSCI Info Tech Indx	Add +5.0%	0.19%	+0.02
VOO Vanguard S&P 500 ETF	Add +5.4%	0.17%	+0.02
JHMM John Hancock Multi Fact Mid	Add +9.4%	0.12%	+0.01
COST Costco Wholesale Corp.	Add +0.2%	0.29%	+0.01
VTV Vanguard Mrngstr Val ETF-Aui	Add +1.1%	0.29%	+0.01
JHMD John Hancock MF Dev Intl ETF	Add +9.5%	0.18%	+0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd	Add +0.0%	0.23%	+0.01
IWF iShares Russell 1000 Growth	Add +0.1%	0.22%	+0.01
VUG Vanguard Mrngstar GR ETF-Sui	Add +1.2%	0.15%	+0.01
XLC SS Comm Select Sector SPDR	Add +0.1%	0.13%	+0.01
JHEM John Hancock Multi Em MRK Et	Add +5.3%	0.09%	+0.01
XLY SS Consumer Disc Select Sect	Add +0.1%	0.10%	+0.01
DIA SS SPDR Dow Jones Indus Avg	Add +0.1%	0.18%	+0.01
VYM Vanguard High DVD Yield ETF	Add +0.4%	0.15%	+0.01
IXUS iShares Core Intl Stock ETF	Add +0.4%	0.44%	+0.01
JPM JPMorgan Chase & Co.	Add +0.1%	0.12%	+0.01
DON Wisdomtree US Midcap Dividen	Add +0.3%	0.16%	+0.01
IJJ iShares S&P Mid-Cap 400 Valu	Add +0.3%	0.15%	+0.01
BND Vanguard Total Bond Market	Add +6.9%	0.09%	+0.01
XCHYX Calamos Convert & High Inc.	Add +0.5%	0.07%	+0.00
IHI iShares U.S. Medical Devices	Add +0.0%	0.15%	+0.00
FIBK First Interstate Bancsys-A	Add +1.5%	0.29%	+0.00
IJK iShares S&P Mid-Cap 400 Grow	Add +0.1%	0.15%	+0.00
DFAX Dimensional World Ex US Core	Add +0.7%	0.08%	+0.00
NCV Virtus Convertible & Income	Add +0.4%	0.02%	+0.00
IWN iShares Russell 2000 Value E	Add +2.6%	0.12%	+0.00
TLH iShares 10-20 Year Treasury	Add +1.1%	0.10%	+0.00
ADI Analog Devices Inc.	Add +0.1%	0.13%	+0.00
XPMAX Pioneer Municipal High Inc.	Add +0.1%	0.11%	−0.00
SUB iShares Short-Term National	Add +0.4%	0.12%	−0.00
XLV SS Health Care Select Sector	Add +0.0%	0.15%	−0.00
CVX Chevron Corp.	Add +0.0%	0.15%	−0.01
MSFT Microsoft Corp.	Add +0.0%	0.35%	−0.01
F Ford Motor Co.	Add +0.1%	0.06%	−0.01
SCHZ Schwab US Aggregate Bond ETF	Add +66.0%	1.89%	−0.41

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q3 2024	125	$277.5M	IVV, IUSB, QUAL, SPYM, IVW
Q2 2024	122	$271.5M	IVV, IUSB, QUAL, SPYM, IVW
Q1 2024	117	$252.6M	IVV, IUSB, SPYM, EFV, EFG