TNF LLC
CIK
1849683
Location
BILLINGS, MT
Portfolio Value
Small
$271,234,239
Diversification
Highly concentrated
Filing Date
Global Rank
#4,363
/ 7,436
▼ 99
· as of Sep 2024
Top Industry
Drug Manufacturers - General
24.2%
3Y Alpha vs SPY
-1.5%
Period ended 1 year ago
Filed Oct 25, 2024 · 1y
13 quarters · since Sep 2021
Clone Performance
Sep 2023–Apr 2025 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+17.4%
SPY
+20.0%
Annualised alpha
-1.6%
Max drawdown
−14.8%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 100% of reported value on average across 6 quarters.TNF LLC has stopped filing, so the simulation ends in Apr 2025 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.
Portfolio Concentration
66 tracked positions · as of Sep 30, 2024 · Δ vs Jun 30, 2024Top Position
67.1%
−0.3 pts
Top 5
83.2%
−0.7 pts
Top 10
88.8%
−0.6 pts
HHI
4,587
Highly concentrated−44
Portfolio Trend
13 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2024| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 88.6% | $240,187,546 |
| Technology | 3.2% | $8,773,588 |
| Healthcare | 2.9% | $7,754,144 |
| Financial Services | 1.6% | $4,239,685 |
| Consumer Cyclical | 1.2% | $3,325,514 |
| Energy | 1.1% | $3,075,625 |
| Industrials | 0.4% | $1,137,747 |
| Real Estate | 0.3% | $859,924 |
| Consumer Defensive | 0.3% | $787,229 |
| Basic Materials | 0.2% | $668,525 |
| Communication Services | 0.2% | $424,712 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
23 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| FNDA | Schwab Fundamental U.S. Small Company ETF | +87,922 | 226,457 | $0 | |
| JDVI | John Hancock Disciplined Value International Select ETF | +3,679 | 47,646 | $2,362,116 | |
| VB | Vanguard Morningstar Small-Cap ETF | +1,154 | 10,062 | $1,723,031 | |
| NVDA | Nvidia Corp | +494 | 7,829 | $950,753 | |
| FIBK | First Interstate Bancsystem Inc | +367 | 25,376 | $778,535 | |
| BIV | Vanguard Intermediate-Term Bond ETF | +224 | 3,468 | $260,481 | |
| FBCG | Fidelity Blue Chip Growth ETF | +140 | 2,929 | $511,110 | |
| CHY | Calamos Convertible & High Income Fund | +86 | 16,207 | $193,349 | |
| NCV | Virtus Convertible & Income Fund | +66 | 16,875 | $59,062 | |
| DCOR | Dimensional US Core Equity 1 ETF | +55 | 18,783 | $664,023 | |
| ECNS | iShares MSCI China Small-Cap ETF | +46 | 14,187 | $2,097,696 | |
| AGGY | WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | +29 | 8,688 | $444,217 | |
| F | Ford Motor Co | +20 | 14,559 | $153,743 | |
| AAPL | Apple Inc. | +16 | 20,041 | $4,669,553 | |
| VIGI | Vanguard International Dividend Appreciation ETF | +14 | 3,285 | $421,137 | |
| XLBI | State Street Materials Select Sector SPDR Premium Income ETF | +4 | 10,097 | $1,186,205 | |
| AVGO | Broadcom Inc. | +2 | 4,190 | $722,775 | |
| COST | Costco Wholesale Corp /New | +2 | 888 | $787,229 | |
| CVX | Chevron Corp | +1 | 2,745 | $404,256 | |
| ADI | Analog Devices Inc | +1 | 1,595 | $367,121 | |
| DIA | Spdr Dow Jones Industrial Average ETF Trust | +1 | 1,201 | $508,167 | |
| MSFT | Microsoft Corp | +1 | 2,314 | $995,714 | |
| JPM | Jpmorgan Chase & Co | +1 | 1,495 | $315,235 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
14 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | −52,743 | 1,834,447 | $182,105,930 | |
| BWX | State Street SPDR Bloomberg International Treasury Bond ETF | −4,594 | 212,323 | $14,333,925 | |
| BAI | iShares A.I. Innovation and Tech Active ETF | −1,432 | 234,930 | $11,621,987 | |
| BKF | iShares MSCI BIC ETF | −949 | 108,413 | $10,814,463 | |
| MRK | Merck & Co., Inc. | −882 | 59,724 | $6,782,257 | |
| BCLO | iShares BBB-B CLO Active ETF | −389 | 52,524 | $2,811,609 | |
| ABBV | AbbVie Inc. | −172 | 1,510 | $298,194 | |
| XOM | ExxonMobil Holdings Corp | −158 | 20,553 | $2,409,222 | |
| PSA | Public Storage | −82 | 770 | $280,179 | |
| GBIL | Goldman Sachs Access Treasury 0-1 Year ETF | −49 | 18,629 | $881,524 | |
| AMZN | Amazon Com Inc | −23 | 7,071 | $1,317,539 | |
| QQQ | Invesco Qqq Trust, Series 1 | −10 | 5,404 | $2,637,530 | |
| SPY | Spdr S&P 500 ETF Trust | −1 | 4,633 | $2,658,230 | |
| VEA | Vanguard FTSE Developed Markets ETF | −1 | 4,114 | $217,260 | |
| No positions match the current search. | |||||
66 tracked positions ·
$271,234,239 total
· filing declares
125 positions · $277,511,551
· as of Sep 30, 2024
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Showing 1–50
of 66 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AAXJ |
iShares MSCI All Country Asia ex Japan ETF
|
Reduced | 1,834,447 | $182,105,930 | 67.14% | |
| BWX |
State Street SPDR Bloomberg International Treasury Bond ETF
|
Reduced | 212,323 | $14,333,925 | 5.28% | |
| BAI |
iShares A.I. Innovation and Tech Active ETF
|
Reduced | 234,930 | $11,621,987 | 4.28% | |
| BKF |
iShares MSCI BIC ETF
|
Reduced | 108,413 | $10,814,463 | 3.99% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Reduced | 59,724 | $6,782,257 | 2.50% | |
| AAPL |
Apple Inc.
Technology
|
Added | 20,041 | $4,669,553 | 1.72% | |
| BCLO |
iShares BBB-B CLO Active ETF
|
Reduced | 52,524 | $2,811,609 | 1.04% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Reduced | 4,633 | $2,658,230 | 0.98% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Reduced | 5,404 | $2,637,530 | 0.97% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 20,553 | $2,409,222 | 0.89% | |
| JDVI |
John Hancock Disciplined Value International Select ETF
|
Added | 47,646 | $2,362,116 | 0.87% | |
| ECNS |
iShares MSCI China Small-Cap ETF
|
Added | 14,187 | $2,097,696 | 0.77% | |
| VB |
Vanguard Morningstar Small-Cap ETF
|
Added | 10,062 | $1,723,031 | 0.64% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 7,071 | $1,317,539 | 0.49% | |
| XLBI |
State Street Materials Select Sector SPDR Premium Income ETF
|
Added | 10,097 | $1,186,205 | 0.44% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Held | 2,679 | $1,085,530 | 0.40% | |
| ABI |
VictoryShares Pioneer Asset-Based Income ETF
|
Held | 24,207 | $1,081,604 | 0.40% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 2,314 | $995,714 | 0.37% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 7,829 | $950,753 | 0.35% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Held | 2,051 | $943,993 | 0.35% | |
| GBIL |
Goldman Sachs Access Treasury 0-1 Year ETF
|
Reduced | 18,629 | $881,524 | 0.33% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Added | 888 | $787,229 | 0.29% | |
| FIBK |
First Interstate Bancsystem Inc
Financial Services
|
Added | 25,376 | $778,535 | 0.29% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 4,190 | $722,775 | 0.27% | |
| AXP |
American Express Co
Financial Services
|
Held | 2,579 | $699,424 | 0.26% | |
| PPG |
Ppg Industries Inc
Basic Materials
|
Held | 5,047 | $668,525 | 0.25% | |
| DCOR |
Dimensional US Core Equity 1 ETF
|
Added | 18,783 | $664,023 | 0.24% | |
| EBMT |
Eagle Bancorp Montana, Inc.
Financial Services
|
Held | 37,868 | $597,935 | 0.22% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Held | 10,155 | $540,449 | 0.20% | |
| FBCG |
Fidelity Blue Chip Growth ETF
|
Added | 2,929 | $511,110 | 0.19% | |
| DIA |
Spdr Dow Jones Industrial Average ETF Trust
|
Added | 1,201 | $508,167 | 0.19% | |
| CVY |
Invesco Zacks Multi-Asset Income ETF
|
Held | 4,342 | $470,195 | 0.17% | |
| AMGN |
Amgen Inc
Healthcare
|
Held | 1,380 | $444,649 | 0.16% | |
| AGGY |
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund
|
Added | 8,688 | $444,217 | 0.16% | |
| VIGI |
Vanguard International Dividend Appreciation ETF
|
Added | 3,285 | $421,137 | 0.16% | |
| DE |
Deere & Co
Industrials
|
Held | 1,003 | $418,581 | 0.15% | |
| CVX |
Chevron Corp
Energy
|
Added | 2,745 | $404,256 | 0.15% | |
| STAG |
STAG Industrial, Inc.
Real Estate
|
Held | 9,777 | $382,182 | 0.14% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Held | 1,437 | $375,962 | 0.14% | |
| ADI |
Analog Devices Inc
Technology
|
Added | 1,595 | $367,121 | 0.14% | |
| TJX |
Tjx Companies Inc /De/
Consumer Cyclical
|
Held | 3,090 | $363,198 | 0.13% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 1,495 | $315,235 | 0.12% | |
| GLD |
Spdr Gold Trust
|
Held | 1,235 | $300,179 | 0.11% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 1,510 | $298,194 | 0.11% | |
| UNP |
Union Pacific Corp
Industrials
|
NEW | 1,192 | $293,804 | 0.11% | |
| PSA |
Public Storage
Real Estate
|
Reduced | 770 | $280,179 | 0.10% | |
| IBM |
International Business Machines Corp
Technology
|
Held | 1,211 | $267,727 | 0.10% | |
| AMP |
Ameriprise Financial Inc
Financial Services
|
Held | 567 | $266,382 | 0.10% | |
| COP |
Conocophillips
Energy
|
Held | 2,490 | $262,147 | 0.10% | |
| BIV |
Vanguard Intermediate-Term Bond ETF
|
Added | 3,468 | $260,481 | 0.10% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.