Terra Nova Asset Management LLC

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
1/14/2026
Form type
13F-HR
Num holdings
83
Total value ($000)
$151,888
Net value change ($000)
-6,670 (-4.2%)
New positions
3
Sold out positions
14
Turnover %
10.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: 4/16/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GMAB 1,866 NEW
GOOGL 1,748 27.9%
LLY 1,180 74.3%
RKLB 1,094 511.2%
JPM 594 24.7%
IBM 552 15.3%
GOOGL 536 69.6%
MCK 521 35.2%
HWM 485 19.2%
ISRG 425 20.8%
Top Reduces (Value $000, Stocks/ETFs)
NOW -2,746 -100.0%
COIN -1,985 -100.0%
AJG -1,912 -77.5%
PGR -1,851 -100.0%
LNG -1,503 -100.0%
AXON -1,441 -100.0%
NVDA -1,390 -43.5%
MP -1,027 -100.0%
VOO -712 -17.2%
MELI -585 -15.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type