Terra Nova Asset Management LLC

NEW YORK, NY · CIK 1658652 · 13F filing filed 2025-04-23

SEC-registered investment adviser since 1998 · limited liability company

Assets managed$220.2m
Staff2 · 2 in investment roles
Main clients (by assets)High net worth individuals 98%, Individuals 2%
Websiteterranovausa.com
Form ADV · 2026-05-04SEC adviser record

$127.1m reported value -3.2% vs Q4 2024

85positions

29.3%in top 10

9 new 37 added 24 reduced 8 sold out vs Q4 2024

Holdings, Q1 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	12,032	$4.5m3.55%	3.55%	Reduced -1.7k	-1,680 -12.2%
2	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	44,335	$4.3m3.37%	3.37%	Added +140	+140 0.3%
3	ETFS GOLD TR PHYSCL GOLD SHS SGOL	SGOL	135,614	$4.0m3.18%	3.18%	Added +80.6k	+80,602 146.5%
4	ALPHABET INC CAP STK CL A GOOGL	GOOGL	25,982	$4.0m3.16%	3.16%	Added +394	+394 1.5%
5	AMAZON COM INC COM AMZN	AMZN	20,249	$3.9m3.03%	3.03%	Added +1.0k	+1,043 5.4%
6	GALLAGHER ARTHUR J & CO COM AJG	AJG	10,212	$3.5m2.77%	2.77%	Added +11	+11 0.1%
7	APPLE INC COM AAPL	AAPL	15,018	$3.3m2.63%	2.63%	Added +852	+852 6.0%
8	GE AEROSPACE COM NEW GE	GE	16,326	$3.3m2.57%	2.57%	Added +267	+267 1.7%
9	COSTCO WHSL CORP NEW COM COST	COST	3,408	$3.2m2.54%	2.54%	Added +32	+32 0.9%
10	MERCADOLIBRE INC COM MELI	MELI	1,605	$3.1m2.46%	2.46%	Reduced -31	-31 -1.9%
11	STRYKER CORPORATION COM SYK	SYK	8,399	$3.1m2.46%	2.46%	Added +55	+55 0.7%
12	ISHARES TR EXPANDED TECH IGV	IGV	32,731	$2.9m2.29%	2.29%	Added +46	+46 0.1%
13	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	11,531	$2.9m2.26%	2.26%	Added +687	+687 6.3%
14	VISA INC COM CL A V	V	8,034	$2.8m2.22%	2.22%	Reduced -537	-537 -6.3%
15	PALO ALTO NETWORKS INC COM PANW	PANW	16,456	$2.8m2.21%	2.21%	Added +258	+258 1.6%
16	AUTOZONE INC COM AZO	AZO	731	$2.8m2.19%	2.19%	Added +1	+1 0.1%
17	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	5,229	$2.8m2.19%	2.19%	Reduced -21	-21 -0.4%
18	META PLATFORMS INC CL A META	META	4,430	$2.6m2.01%	2.01%	Added +164	+164 3.8%
19	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	4,704	$2.4m1.90%	1.90%	Reduced -173	-173 -3.5%
20	ISHARES TR U.S. TECH ETF IYW	IYW	16,610	$2.3m1.84%	1.84%	Added +32	+32 0.2%
21	ELI LILLY & CO COM LLY	LLY	2,815	$2.3m1.83%	1.83%	Added +71	+71 2.6%
22	RTX CORPORATION COM RTX	RTX	17,518	$2.3m1.83%	1.83%	Added +112	+112 0.6%
23	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	4,645	$2.3m1.81%	1.81%	Added +217	+217 4.9%
24	BLACKROCK INC COM BLK	BLK	2,366	$2.2m1.76%	1.76%	Added +112	+112 5.0%
25	GE VERNOVA INC COM GEV	GEV	7,046	$2.2m1.69%	1.69%	Added +859	+859 13.9%
26	PROGRESSIVE CORP COM PGR	PGR	7,592	$2.1m1.69%	1.69%	Reduced -123	-123 -1.6%
27	BLACKSTONE INC COM BX	BX	14,989	$2.1m1.65%	1.65%	Reduced -2.6k	-2,644 -15.0%
28	JPMORGAN CHASE & CO COM JPM	JPM	8,228	$2.0m1.59%	1.59%	New
29	GRAINGER W W INC COM GWW	GWW	2,011	$2.0m1.56%	1.56%	Reduced -141	-141 -6.5%
30	LAM RESEARCH CORP COM NEW LRCX	LRCX	27,172	$2.0m1.55%	1.55%	Added +15.5k	+15,528 133.4%
31	VANGUARD WORLD FD FINANCIALS ETF VFH	VFH	16,251	$1.9m1.53%	1.53%	Reduced -11	-11 -0.1%
32	SELECT SECTOR SPDR TR SBI CONS DISCR XLY	XLY	9,481	$1.9m1.47%	1.47%	Reduced -6.4k	-6,406 -40.3%
33	RESMED INC COM RMD	RMD	7,950	$1.8m1.40%	1.40%	Added +52	+52 0.7%
34	SELECT SECTOR SPDR TR ENERGY XLE	XLE	18,943	$1.8m1.39%	1.39%	Reduced -338	-338 -1.8%
35	SERVICENOW INC COM NOW	NOW	2,147	$1.7m1.35%	1.35%	New
36	HOWMET AEROSPACE INC COM HWM	HWM	12,979	$1.7m1.33%	1.33%	Added +227	+227 1.8%
37	VANECK MERK GOLD ETF GOLD SHS OUNZ	OUNZ	55,695	$1.7m1.32%	1.32%	Unchanged
38	GOLDMAN SACHS GROUP INC COM GS	GS	3,008	$1.6m1.29%	1.29%	New
39	NVIDIA CORPORATION COM NVDA	NVDA	14,614	$1.6m1.25%	1.25%	Reduced -17.5k	-17,482 -54.5%
40	SPDR GOLD TR GOLD SHS GLD	GLD	4,800	$1.4m1.09%	1.09%	Unchanged
41	SELECT SECTOR SPDR TR INDL XLI	XLI	10,311	$1.4m1.06%	1.06%	Added +50	+50 0.5%
42	FORTINET INC COM FTNT	FTNT	13,934	$1.3m1.06%	1.06%	Added +2.3k	+2,300 19.8%
43	CHENIERE ENERGY INC COM NEW LNG	LNG	5,794	$1.3m1.06%	1.06%	Added +800	+800 16.0%
44	ISHARES GOLD TR ISHARES NEW IAU	IAU	21,766	$1.3m1.01%	1.01%	Unchanged
45	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	15,260	$1.2m0.95%	0.95%	Added +187	+187 1.2%
46	GLOBAL X FDS DEFENSE TECH ETF SHLD	SHLD	23,089	$1.1m0.85%	0.85%	New
47	VISTRA CORP COM VST	VST	7,212	$847.0k0.67%	0.67%	Reduced -404	-404 -5.3%
48	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1	$798.4k0.63%	0.63%	Unchanged
49	LINDE PLC SHS LIN	LIN	1,625	$756.6k0.60%	0.60%	Added +99	+99 6.5%
50	SELECT SECTOR SPDR TR RL EST SEL SEC XLRE	XLRE	16,538	$692.1k0.54%	0.54%	Added +56	+56 0.3%
51	PARKER-HANNIFIN CORP COM PH	PH	1,114	$677.3k0.53%	0.53%	Unchanged
52	SPINNAKER ETF SERIES SELECT STOXX EUR EUAD	EUAD	20,114	$674.4k0.53%	0.53%	New
53	ALPHABET INC CAP STK CL C GOOG	GOOG	4,039	$631.0k0.50%	0.50%	Added +897	+897 28.6%
54	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,099	$614.8k0.48%	0.48%	Reduced -6	-6 -0.5%
55	CINTAS CORP COM CTAS	CTAS	2,884	$592.8k0.47%	0.47%	Reduced -214	-214 -6.9%
56	PAYCHEX INC COM PAYX	PAYX	3,770	$581.7k0.46%	0.46%	Added +153	+153 4.2%
57	DBX ETF TR XTRACK MSCI EURP DBEU	DBEU	12,926	$570.8k0.45%	0.45%	New
58	UNION PAC CORP COM UNP	UNP	2,294	$541.9k0.43%	0.43%	Reduced -20	-20 -0.9%
59	VANGUARD WORLD FD INF TECH ETF VGT	VGT	915	$496.3k0.39%	0.39%	Unchanged
60	HCA HEALTHCARE INC COM HCA	HCA	1,413	$488.3k0.38%	0.38%	Reduced -202	-202 -12.5%
61	ABBVIE INC COM ABBV	ABBV	1,925	$403.4k0.32%	0.32%	Added +2	+2 0.1%
62	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	794	$394.9k0.31%	0.31%	Reduced -47	-47 -5.6%
63	AMERICAN EXPRESS CO COM AXP	AXP	1,419	$381.8k0.30%	0.30%	Added +3	+3 0.2%
64	EATON CORP PLC SHS ETN	ETN	1,394	$378.9k0.30%	0.30%	Reduced -225	-225 -13.9%
65	EXXON MOBIL CORP COM XOM	XOM	3,027	$360.0k0.28%	0.28%	Unchanged
66	SPDR SER TR S&P HOMEBUILD XHB	XHB	3,712	$359.7k0.28%	0.28%	Added +6	+6 0.2%
67	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	720	$349.1k0.27%	0.27%	Unchanged
68	SOUTHERN COPPER CORP COM SCCO	SCCO	3,691	$344.9k0.27%	0.27%	Added +27	+27 0.7%
69	CAMECO CORP COM CCJ	CCJ	7,900	$325.2k0.26%	0.26%	Reduced -334	-334 -4.1%
70	NORTHROP GRUMMAN CORP COM NOC	NOC	612	$313.2k0.25%	0.25%	Unchanged
71	PROCTER AND GAMBLE CO COM PG	PG	1,827	$311.4k0.25%	0.25%	Added +1	+1 0.1%
72	ISHARES INC MSCI GERMANY ETF EWG	EWG	7,958	$295.1k0.23%	0.23%	New
73	LOCKHEED MARTIN CORP COM LMT	LMT	655	$292.6k0.23%	0.23%	Unchanged
74	MONDELEZ INTL INC CL A MDLZ	MDLZ	4,298	$291.6k0.23%	0.23%	Unchanged
75	CHEVRON CORP NEW COM CVX	CVX	1,742	$291.4k0.23%	0.23%	Unchanged
76	UNITED RENTALS INC COM URI	URI	450	$282.0k0.22%	0.22%	Unchanged
77	NETFLIX INC COM NFLX	NFLX	282	$263.0k0.21%	0.21%	New
78	ARISTA NETWORKS INC COM SHS ANET	ANET	3,280	$254.1k0.20%	0.20%	Reduced -3.2k	-3,200 -49.4%
79	ISHARES TR CORE S&P500 ETF IVV	IVV	449	$252.3k0.20%	0.20%	Added +1	+1 0.2%
80	GENERAL DYNAMICS CORP COM GD	GD	895	$244.0k0.19%	0.19%	Reduced -149	-149 -14.3%
81	EOG RES INC COM EOG	EOG	1,790	$229.6k0.18%	0.18%	Unchanged
82	ISHARES TR US HLTHCR PR ETF IHF	IHF	4,202	$221.9k0.17%	0.17%	Reduced -1.5k	-1,523 -26.6%
83	CORTEVA INC COM CTVA	CTVA	3,243	$204.1k0.16%	0.16%	New
84	AGILENT TECHNOLOGIES INC COM A	A	1,740	$203.5k0.16%	0.16%	Reduced -850	-850 -32.8%
85	AMPLIFY COMMODITY TRUST BREAKWAVE DRY BU BDRY	BDRY	10,499	$65.6k0.05%	0.05%	Unchanged

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
QUANTA SVCS INC PWR	PWR	12,808	$4.0m12.8k shares
IRON MTN INC DEL IRM	IRM	32,890	$3.5m32.9k shares
CONSTELLATION ENERGY CORP CEG	CEG	6,597	$1.5m6.6k shares
SELECT SECTOR SPDR TR XLP	XLP	15,052	$1.2m15.1k shares
SELECT SECTOR SPDR TR XLB	XLB	7,846	$660.2k7.8k shares
ISHARES TR ITB	ITB	6,120	$632.8k6.1k shares
HUNTSMAN CORP HUN	HUN	24,522	$442.1k24.5k shares
ISHARES TR SOXX	SOXX	1,529	$329.4k1.5k shares