Terra Nova Asset Management LLC

NEW YORK, NY · CIK 1658652 · 13F filing filed 2025-08-12

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

$143.0m reported value +12.6% vs Q1 2025

89positions

29.5%in top 10

6 new 28 added 38 reduced 2 sold out vs Q1 2025

Holdings, Q2 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	11,234	$5.6m3.91%	3.91%	Reduced -798	-798 -6.6%
2	ALPHABET INC CAP STK CL A GOOGL	GOOGL	25,809	$4.5m3.18%	3.18%	Reduced -173	-173 -0.7%
3	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	41,628	$4.5m3.16%	3.16%	Reduced -2.7k	-2,707 -6.1%
4	ETFS GOLD TR PHYSCL GOLD SHS SGOL	SGOL	135,873	$4.3m3.00%	3.00%	Added +259	+259 0.2%
5	MERCADOLIBRE INC COM MELI	MELI	1,618	$4.2m2.96%	2.96%	Added +13	+13 0.8%
6	GE AEROSPACE COM NEW GE	GE	16,229	$4.2m2.92%	2.92%	Reduced -97	-97 -0.6%
7	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	6,996	$4.0m2.78%	2.78%	Added +2.3k	+2,292 48.7%
8	GE VERNOVA INC COM GEV	GEV	7,015	$3.7m2.60%	2.60%	Reduced -31	-31 -0.4%
9	AMAZON COM INC COM AMZN	AMZN	16,376	$3.6m2.51%	2.51%	Reduced -3.9k	-3,873 -19.1%
10	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	12,042	$3.5m2.48%	2.48%	Added +511	+511 4.4%
11	COSTCO WHSL CORP NEW COM COST	COST	3,420	$3.4m2.37%	2.37%	Added +12	+12 0.3%
12	GALLAGHER ARTHUR J & CO COM AJG	AJG	10,268	$3.3m2.30%	2.30%	Added +56	+56 0.6%
13	STRYKER CORPORATION COM SYK	SYK	8,043	$3.2m2.22%	2.22%	Reduced -356	-356 -4.2%
14	PALO ALTO NETWORKS INC COM PANW	PANW	15,507	$3.2m2.22%	2.22%	Reduced -949	-949 -5.8%
15	META PLATFORMS INC CL A META	META	4,164	$3.1m2.15%	2.15%	Reduced -266	-266 -6.0%
16	SERVICENOW INC COM NOW	NOW	2,935	$3.0m2.11%	2.11%	Added +788	+788 36.7%
17	VISA INC COM CL A V	V	7,995	$2.8m1.98%	1.98%	Reduced -39	-39 -0.5%
18	ISHARES TR U.S. TECH ETF IYW	IYW	16,048	$2.8m1.94%	1.94%	Reduced -562	-562 -3.4%
19	ISHARES TR EXPANDED TECH IGV	IGV	25,209	$2.8m1.93%	1.93%	Reduced -7.5k	-7,522 -23.0%
20	AUTOZONE INC COM AZO	AZO	733	$2.7m1.90%	1.90%	Added +2	+2 0.3%
21	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	4,994	$2.7m1.90%	1.90%	Added +349	+349 7.5%
22	NVIDIA CORPORATION COM NVDA	NVDA	16,746	$2.6m1.85%	1.85%	Added +2.1k	+2,132 14.6%
23	CAMECO CORP COM CCJ	CCJ	34,709	$2.6m1.80%	1.80%	Added +26.8k	+26,809 339.4%
24	RTX CORPORATION COM RTX	RTX	17,436	$2.5m1.78%	1.78%	Reduced -82	-82 -0.5%
25	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	5,120	$2.5m1.74%	1.74%	Reduced -109	-109 -2.1%
26	BLACKROCK INC COM BLK	BLK	2,363	$2.5m1.73%	1.73%	Reduced -3	-3 -0.1%
27	HOWMET AEROSPACE INC COM HWM	HWM	12,804	$2.4m1.67%	1.67%	Reduced -175	-175 -1.4%
28	APPLE INC COM AAPL	AAPL	10,809	$2.2m1.55%	1.55%	Reduced -4.2k	-4,209 -28.0%
29	JPMORGAN CHASE & CO COM JPM	JPM	7,523	$2.2m1.52%	1.52%	Reduced -705	-705 -8.6%
30	VANGUARD WORLD FD FINANCIALS ETF VFH	VFH	16,183	$2.1m1.44%	1.44%	Reduced -68	-68 -0.4%
31	PROGRESSIVE CORP COM PGR	PGR	7,569	$2.0m1.41%	1.41%	Reduced -23	-23 -0.3%
32	RESMED INC COM RMD	RMD	7,759	$2.0m1.40%	1.40%	Reduced -191	-191 -2.4%
33	SELECT SECTOR SPDR TR SBI CONS DISCR XLY	XLY	9,052	$2.0m1.38%	1.38%	Reduced -429	-429 -4.5%
34	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	13,904	$1.9m1.33%	1.33%	New
35	GOLDMAN SACHS GROUP INC COM GS	GS	2,603	$1.8m1.29%	1.29%	Reduced -405	-405 -13.5%
36	VANECK MERK GOLD ETF GOLD SHS OUNZ	OUNZ	55,695	$1.8m1.24%	1.24%	Unchanged
37	NETFLIX INC COM NFLX	NFLX	1,254	$1.7m1.17%	1.17%	Added +972	+972 344.7%
38	ELI LILLY & CO COM LLY	LLY	2,149	$1.7m1.17%	1.17%	Reduced -666	-666 -23.7%
39	GRAINGER W W INC COM GWW	GWW	1,557	$1.6m1.13%	1.13%	Reduced -454	-454 -22.6%
40	CHENIERE ENERGY INC COM NEW LNG	LNG	6,265	$1.5m1.07%	1.07%	Added +471	+471 8.1%
41	SELECT SECTOR SPDR TR ENERGY XLE	XLE	17,686	$1.5m1.05%	1.05%	Reduced -1.3k	-1,257 -6.6%
42	FORTINET INC COM FTNT	FTNT	13,934	$1.5m1.03%	1.03%	Unchanged
43	SPDR GOLD TR GOLD SHS GLD	GLD	4,800	$1.5m1.02%	1.02%	Unchanged
44	SELECT SECTOR SPDR TR INDL XLI	XLI	9,915	$1.5m1.02%	1.02%	Reduced -396	-396 -3.8%
45	GLOBAL X FDS DEFENSE TECH ETF SHLD	SHLD	23,414	$1.4m0.99%	0.99%	Added +325	+325 1.4%
46	ISHARES GOLD TR ISHARES NEW IAU	IAU	21,766	$1.4m0.95%	0.95%	Unchanged
47	VISTRA CORP COM VST	VST	6,722	$1.3m0.91%	0.91%	Reduced -490	-490 -6.8%
48	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	12,334	$1.0m0.70%	0.70%	Reduced -2.9k	-2,926 -19.2%
49	CONSTELLATION ENERGY CORP COM CEG	CEG	2,992	$965.7k0.68%	0.68%	New
50	SPINNAKER ETF SERIES SELECT STOXX EUR EUAD	EUAD	22,089	$953.1k0.67%	0.67%	Added +2.0k	+1,975 9.8%
51	PARKER-HANNIFIN CORP COM PH	PH	1,114	$778.3k0.54%	0.54%	Unchanged
52	LINDE PLC SHS LIN	LIN	1,619	$759.8k0.53%	0.53%	Reduced -6	-6 -0.4%
53	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1	$728.8k0.51%	0.51%	Unchanged
54	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,034	$638.7k0.45%	0.45%	Reduced -65	-65 -5.9%
55	SELECT SECTOR SPDR TR RL EST SEL SEC XLRE	XLRE	15,135	$626.9k0.44%	0.44%	Reduced -1.4k	-1,403 -8.5%
56	VANGUARD WORLD FD INF TECH ETF VGT	VGT	915	$606.9k0.42%	0.42%	Unchanged
57	ALPHABET INC CAP STK CL C GOOG	GOOG	3,215	$570.2k0.40%	0.40%	Reduced -824	-824 -20.4%
58	PAYCHEX INC COM PAYX	PAYX	3,794	$551.9k0.39%	0.39%	Added +24	+24 0.6%
59	HCA HEALTHCARE INC COM HCA	HCA	1,416	$542.4k0.38%	0.38%	Added +3	+3 0.2%
60	UNION PAC CORP COM UNP	UNP	2,295	$528.1k0.37%	0.37%	Added +1	+1 0.0%
61	CINTAS CORP COM CTAS	CTAS	2,351	$523.9k0.37%	0.37%	Reduced -533	-533 -18.5%
62	EATON CORP PLC SHS ETN	ETN	1,419	$506.6k0.35%	0.35%	Added +25	+25 1.8%
63	AMERICAN EXPRESS CO COM AXP	AXP	1,423	$453.9k0.32%	0.32%	Added +4	+4 0.3%
64	BLACKSTONE INC COM BX	BX	2,903	$434.3k0.30%	0.30%	Reduced -12.1k	-12,086 -80.6%
65	SOUTHERN COPPER CORP COM SCCO	SCCO	3,727	$377.1k0.26%	0.26%	Added +36	+36 1.0%
66	SPDR SER TR S&P HOMEBUILD XHB	XHB	3,714	$366.1k0.26%	0.26%	Added +2	+2 0.1%
67	ABBVIE INC COM ABBV	ABBV	1,927	$357.7k0.25%	0.25%	Added +2	+2 0.1%
68	DBX ETF TR XTRACK MSCI EURP DBEU	DBEU	7,982	$351.9k0.25%	0.25%	Reduced -4.9k	-4,944 -38.2%
69	ISHARES INC MSCI GERMANY ETF EWG	EWG	8,062	$341.1k0.24%	0.24%	Added +104	+104 1.3%
70	UNITED RENTALS INC COM URI	URI	450	$339.0k0.24%	0.24%	Unchanged
71	ARISTA NETWORKS INC COM SHS ANET	ANET	3,280	$335.6k0.23%	0.23%	Unchanged
72	EXXON MOBIL CORP COM XOM	XOM	3,027	$326.4k0.23%	0.23%	Unchanged
73	COINBASE GLOBAL INC COM CL A COIN	COIN	907	$317.9k0.22%	0.22%	New
74	NORTHROP GRUMMAN CORP COM NOC	NOC	612	$305.9k0.21%	0.21%	Unchanged
75	LOCKHEED MARTIN CORP COM LMT	LMT	655	$303.4k0.21%	0.21%	Unchanged
76	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	544	$299.9k0.21%	0.21%	New
77	PROCTER AND GAMBLE CO COM PG	PG	1,828	$291.3k0.20%	0.20%	Added +1	+1 0.1%
78	MONDELEZ INTL INC CL A MDLZ	MDLZ	4,298	$289.9k0.20%	0.20%	Unchanged
79	ISHARES TR CORE S&P500 ETF IVV	IVV	450	$279.6k0.20%	0.20%	Added +1	+1 0.2%
80	CORTEVA INC COM CTVA	CTVA	3,543	$264.1k0.18%	0.18%	Added +300	+300 9.2%
81	GENERAL DYNAMICS CORP COM GD	GD	895	$261.0k0.18%	0.18%	Unchanged
82	CHEVRON CORP NEW COM CVX	CVX	1,742	$249.4k0.17%	0.17%	Unchanged
83	CELESTICA INC COM CLS	CLS	1,555	$242.8k0.17%	0.17%	New
84	VANGUARD ADMIRAL FDS INC 500 GRTH IDX F VOOG	VOOG	590	$234.0k0.16%	0.16%	New
85	LAM RESEARCH CORP COM NEW LRCX	LRCX	2,377	$231.4k0.16%	0.16%	Reduced -24.8k	-24,795 -91.2%
86	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	528	$214.1k0.15%	0.15%	Reduced -266	-266 -33.5%
87	EOG RES INC COM EOG	EOG	1,790	$214.1k0.15%	0.15%	Unchanged
88	AGILENT TECHNOLOGIES INC COM A	A	1,740	$205.3k0.14%	0.14%	Unchanged
89	ISHARES TR US HLTHCR PR ETF IHF	IHF	4,208	$204.7k0.14%	0.14%	Added +6	+6 0.1%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
VERTEX PHARMACEUTICALS INC VRTX	VRTX	720	$349.1k720 shares
AMPLIFY COMMODITY TRUST BDRY	BDRY	10,499	$65.6k10.5k shares