Institutional Manager · CIK 0001731358

All Terrain Financial Advisors, LLC

COON RAPIDS, MN · File #028-18618

Latest AUM

$432.3M

Positions

129

Top-10 Concentration

66.7%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	ISHARES TR	464287955	+29,100	+$7.2M	+$273,000
ADD	SPDR DOW JONES INDL AVERAGE	78467X959	+8,200	+$3.9M	+$11,781
ADD	NVIDIA CORPORATION	NVDA	+13,679	+$2.6M	-$2,222
ADD	SPDR S&P 500 ETF TR	SPY	+3,605	+$2.5M	+$1.4M
ADD	APPLE INC	AAPL	+8,304	+$2.3M	+$980,680
REDUCE	LOWES COS INC	548661107	-9,300	-$2.2M	-$1.3M
ADD	UNION PAC CORP	UNP	+7,671	+$1.8M	-$30,497
ADD	ISHARES TR	464287465	+17,245	+$1.7M	+$136,585
ADD	SPDR S&P 500 ETF TR	SPY	+2,400	+$1.6M	+$1.1M
ADD	ISHARES TR	464287954	+28,600	+$1.6M	+$1,965

Sector Allocation

12.7%$55.1M

3.8%$16.4M

3.6%$15.8M

3.6%$15.6M

Consumer Discretionary

3.1%$13.3M

Industrials

2.2%$9.6M

Utilities

1.3%$5.7M

Communication Services

0.7%$2.8M

Energy

0.5%$2.0M

Materials

0.3%$1.5M

Filing History

Feb 11, 202613F COMBINATION REPORTQ/E Dec 2025129 pos · $432.3M
Nov 12, 202513F COMBINATION REPORTQ/E Sep 2025140 pos · $399.5M
Aug 13, 202513F COMBINATION REPORTQ/E Jun 2025117 pos · $348.6M
May 15, 202513F COMBINATION REPORTQ/E Mar 2025109 pos · $317.4M
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024102 pos · $305.4M
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 202492 pos · $272.8M
Aug 8, 202413F HOLDINGS REPORTQ/E Jun 202489 pos · $252.2M
May 15, 202413F HOLDINGS REPORTQ/E Mar 202488 pos · $254.4M
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 202391 pos · $238.1M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR S&P 500 ETF TR	SPY	93,152	$63.5M	16.56%
2	SPDR S&P 500 ETF TR	SPY	71,500	$48.8M	12.71%
3	ISHARES TR	464287655	130,357	$32.1M	8.36%
4	LOWES COS INC	548661107	119,715	$28.9M	7.52%
5	ISHARES TR	464287955	94,100	$23.2M	6.04%
6	APPLE INC	AAPL	65,212	$17.7M	4.62%
7	SPDR DOW JONES INDL AVERAGE	78467X109	31,788	$15.3M	3.98%
8	INVESCO QQQ TR	IVZ	15,388	$9.5M	2.46%
9	MICROSOFT CORP	MSFT	18,562	$9.0M	2.34%
10	AMAZON COM INC	AMZN	35,072	$8.1M	2.11%
11	NVIDIA CORPORATION	NVDA	41,844	$7.8M	2.03%
12	ISHARES TR	464287226	72,774	$7.3M	1.89%
13	ISHARES TR	464287465	68,596	$6.6M	1.72%
14	INTEL CORP	INTC	149,976	$5.5M	1.44%
15	ISHARES TR	464287234	98,049	$5.4M	1.40%
16	SPDR SERIES TRUST	78464A474	164,916	$5.0M	1.30%
17	VANECK ETF TRUST	92189F486	181,622	$4.6M	1.21%
18	US BANCORP DEL	USB-PS	82,731	$4.4M	1.15%
19	SPDR DOW JONES INDL AVERAGE	78467X959	8,900	$4.3M	1.11%
20	MEDTRONIC PLC	MDT	38,634	$3.7M	0.97%