13F HOLDINGS REPORT

TNF LLC

Quarter ended Q1 2023 · Filed February 7, 2023 · Accession 0001849683-23-000001

Total Value

$219.8M

Positions

106

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (106)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287200	75,850	$31.2M	14.21%
2	ISHARES TR	46435G425	264,775	$24.1M	10.96%
3	ISHARES TR	46434V613	409,819	$18.8M	8.57%
4	SPDR SER TR	78464A854	294,336	$14.2M	6.46%
5	ISHARES TR	464288877	235,467	$11.5M	5.22%
6	ISHARES TR	464288885	118,966	$10.9M	4.94%
7	ISHARES TR	464288588	97,620	$9.3M	4.21%
8	ISHARES INC	46434G103	149,211	$7.4M	3.37%
9	SCHWAB STRATEGIC TR	808524839	139,962	$6.5M	2.97%
10	ISHARES TR	46429B267	238,691	$5.5M	2.51%
11	ISHARES TR	464288414	48,460	$5.2M	2.37%
12	ISHARES TR	464288653	39,294	$4.5M	2.03%
13	MERCK & CO INC	MRK	41,995	$4.4M	1.99%
14	ISHARES TR	464287804	39,984	$4.2M	1.92%
15	ISHARES TR	46429B697	52,062	$3.8M	1.72%
16	ISHARES TR	464287721	41,938	$3.6M	1.65%
17	EXXON MOBIL CORP	XOM	25,209	$2.8M	1.28%
18	APPLE INC	AAPL	18,031	$2.7M	1.24%
19	ISHARES TR	464288281	29,069	$2.5M	1.15%
20	ISHARES TR	46432F396	16,688	$2.4M	1.07%
21	INVESCO QQQ TR	IVZ	7,307	$2.2M	1.01%
22	SPDR S&P 500 ETF TR	SPY	5,268	$2.2M	0.98%
23	ISHARES TR	46434V407	51,544	$2.2M	0.98%
24	ISHARES TR	46435G474	49,563	$1.3M	0.57%
25	ISHARES TR	46435U713	28,415	$1.1M	0.51%
26	ISHARES TR	46432F388	11,315	$1.1M	0.50%
27	ISHARES INC	46434G863	33,449	$1.1M	0.49%
28	ISHARES TR	464287176	9,564	$1.0M	0.47%
29	ISHARES TR	464287507	3,531	$942,389	0.43%
30	ISHARES TR	464287465	12,865	$909,427	0.41%
31	FIRST INTST BANCSYSTEM INC	32055Y201	24,480	$902,348	0.41%
32	HOME DEPOT INC	HD	2,707	$891,439	0.41%
33	ISHARES INC	464286533	15,501	$841,252	0.38%
34	ISHARES TR	464289438	6,057	$806,368	0.37%
35	ISHARES TR	464287242	6,995	$767,247	0.35%
36	ISHARES TR	464288158	6,872	$719,430	0.33%
37	ISHARES TR	464288646	13,254	$666,821	0.30%
38	ISHARES TR	464287226	6,662	$661,337	0.30%
39	PPG INDS INC	693506107	5,026	$650,565	0.30%
40	ISHARES TR	464287291	12,513	$634,913	0.29%
41	AMERICAN EXPRESS CO	AXP	3,575	$630,916	0.29%
42	AMAZON COM INC	AMZN	5,774	$589,987	0.27%
43	CALAMOS CONV & HIGH INCOME F	12811P108	46,791	$586,292	0.27%
44	EAGLE BANCORP MONT INC	26942G100	31,329	$555,776	0.25%
45	ISHARES TR	46432F834	8,841	$548,410	0.25%
46	ISHARES TR	464288810	9,706	$531,213	0.24%
47	ISHARES TR	464287168	4,187	$523,516	0.24%
48	ISHARES TR	46429B663	5,015	$522,122	0.24%
49	ISHARES U S ETF TR	46431W853	18,071	$488,286	0.22%
50	INVESCO EXCHANGE TRADED FD T	IVZ	5,924	$467,107	0.21%
51	SELECT SECTOR SPDR TR	81369Y209	3,531	$465,915	0.21%
52	CHEVRON CORP NEW	CVX	2,733	$463,680	0.21%
53	MICROSOFT CORP	MSFT	1,769	$454,205	0.21%
54	ISHARES TR	464287432	4,155	$440,072	0.20%
55	VANGUARD INDEX FDS	922908629	1,986	$439,522	0.20%
56	SPDR DOW JONES INDL AVERAGE	78467X109	1,279	$432,916	0.20%
57	ISHARES TR	464287655	2,225	$431,962	0.20%
58	ISHARES TR	464287606	5,731	$422,489	0.19%
59	INVESCO EXCHANGE TRADED FD T	IVZ	4,320	$404,456	0.18%
60	AMGEN INC	AMGN	1,644	$400,831	0.18%
61	INVESCO EXCHANGE TRADED FD T	IVZ	18,610	$398,812	0.18%
62	WISDOMTREE TR	WT	8,875	$396,363	0.18%
63	STAG INDL INC	85254J102	10,652	$387,200	0.18%
64	VANGUARD WORLD FDS	92204A702	1,047	$377,925	0.17%
65	ISHARES TR	464287481	4,036	$372,042	0.17%
66	DEERE & CO	DE	903	$370,438	0.17%
67	ISHARES TR	464287119	6,875	$369,875	0.17%
68	VANGUARD WHITEHALL FDS	921946406	3,271	$359,686	0.16%
69	UNITED PARCEL SERVICE INC	UPS	1,892	$357,169	0.16%
70	WISDOMTREE TR	WT	6,467	$353,088	0.16%
71	PUBLIC STORAGE	PSA-PS	1,117	$343,776	0.16%
72	DIMENSIONAL ETF TRUST	25434V724	9,721	$343,249	0.16%
73	ISHARES TR	464287796	7,268	$329,384	0.15%
74	PIONEER MUNICIPAL HIGH INCOM	723762100	37,706	$323,137	0.15%
75	FIDELITY COVINGTON TRUST	316092808	3,008	$320,933	0.15%
76	FIRST TR EXCHANGE-TRADED FD	33733E104	4,224	$316,313	0.14%
77	ANALOG DEVICES INC	ADI	1,780	$316,039	0.14%
78	ABBVIE INC	ABBV	2,163	$313,678	0.14%
79	CONOCOPHILLIPS	COP	2,846	$305,864	0.14%
80	PIMCO INCOME STRATEGY FD II	72201J104	38,635	$305,603	0.14%
81	SELECT SECTOR SPDR TR	81369Y605	8,252	$301,858	0.14%
82	JPMORGAN CHASE & CO	VYLD	2,086	$295,990	0.13%
83	BROADCOM INC	AVGO	480	$288,456	0.13%
84	ISHARES TR	464287879	2,649	$275,522	0.13%
85	WISDOMTREE TR	WT	5,489	$273,643	0.12%
86	JOHN HANCOCK EXCHANGE TRADED	47804J107	5,131	$269,891	0.12%
87	INVESCO EXCHANGE TRADED FD T	IVZ	5,668	$268,339	0.12%
88	SCHWAB STRATEGIC TR	808524870	5,086	$266,609	0.12%
89	ISHARES TR	46432F842	3,867	$256,309	0.12%
90	SCHWAB STRATEGIC TR	808524714	5,290	$250,799	0.11%
91	SPDR GOLD TR	GLD	1,433	$249,084	0.11%
92	ISHARES TR	46435G102	3,349	$248,889	0.11%
93	TJX COS INC NEW	872540109	3,090	$247,664	0.11%
94	BRISTOL-MYERS SQUIBB CO	CELG-RI	3,184	$237,304	0.11%
95	BEST BUY INC	BBY	2,683	$235,985	0.11%
96	ISHARES TR	464287705	2,021	$229,840	0.10%
97	NORTHROP GRUMMAN CORP	NOC	510	$229,018	0.10%
98	BECTON DICKINSON & CO	BDX	876	$219,140	0.10%
99	SELECT SECTOR SPDR TR	81369Y704	2,100	$215,460	0.10%
100	BLACKROCK CORPOR HI YLD FD I	BLK	22,948	$212,957	0.10%
101	VANECK ETF TRUST	92189F437	7,551	$210,971	0.10%
102	ISHARES TR	464288448	7,063	$200,722	0.09%
103	FORD MTR CO DEL	345370860	14,633	$192,281	0.09%
104	SABRA HEALTH CARE REIT INC	SBRA	13,108	$176,954	0.08%
105	INVESCO MUN OPPORTUNITY TR	IVZ	10,060	$99,896	0.05%
106	VIRTUS CONVERTIBLE & INCOME	92838X102	19,550	$78,788	0.04%