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NATURAL INVESTMENTS, LLC — 13F Holdings & Portfolio

CIK 1800245 · latest 13F-HR filed 2026-07-31

Backtest portfolio

NATURAL INVESTMENTS, LLC manages $455.2M in 13F-reported U.S. long-equity assets across 301 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AAPL (7.48%), NVDA (5.10%), MSFT (4.02%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 32 new positions and exited 19; 156 existing positions rose in reported value and 67 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$455.2M

Long-equity book

Holdings
301

Distinct positions

Period
2026-06-30

Filed 2026-07-31

Q/Q Activity
+32 / −19 / ↑156 / ↓67

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
AAPL7.5% · +2%NVDA5.1% · +4%MSFT4.0% · +3%VEGN3.8% · +5%GOOGL3.0% · +5%JSTC2.9% · -1%DSI2.8% · -10%CHGX2.7% · +17%VGSR2.2% · +8%GRNB1.9% · +20%ABBV1.8% · +3%NXTE1.7% · -10%HASI1.7% · -4%HD1.5% · +8%LLY1.5% · +2%JPM1.2% · +3%TSM1.2% · -45%BRK.A1.2% · 0%PANW1.1% · -12%OWNS1.1% · +15%MA1.0% · +8%GOOG1.0% · +5%ASML0.9% · -36%COST0.9% · +24%ETHO0.8% · -3%PG0.8% · +4%AMD0.8% · +104%ABT0.7% · +0%BEPC0.6% · -1%SPY0.6% · +80%AXP0.6% · +2%UPS0.6% · -3%V0.6% · +6%CVMC0.6% · +7%AZN0.6% · newETN0.6% · +1%JNJ0.5% · +12%UL0.5% · +0%ECL0.5% · +0%UNP0.5% · +16%AVGO0.4% · +6%LRCX0.4% · +17%PNC0.4% · +1%MRK0.4% · +6%PLD0.4% · +14%FTSD0.4% · +4%CSCO0.4% · +3%TT0.4% · -32%AWK0.4% · -4%LIN0.4% · -47%FSLR0.4% · +16%INTC0.4% · -0%NUDM0.4% · +64%XYL0.4% · -5%TRV0.4% · -3%IBM0.4% · +4%EHC0.4% · +4%DE0.4% · +16%ROK0.4% · +34%PEP0.4% · -10%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 35.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 4, 2026.

Assets Under Management
$225.7M
Discretionary
$225.7M
Employees
11
Accounts
10
Address
2828 N. MANSFIELD
#205
FAYETTEVILLE, AR 72704
Phone
(901) 626-7090
Website
Name Title / Status Ownership Type
GBGEARHART ENTERPRISES LLC ControlMEMBER
since May 2019
25–50%Domestic Entity
HEARNSBERGER, JOHN, BENJAMIN ControlMANAGING DIRECTOR
since Jun 2026
Less than 5%Individual
MOSS, JAIRL, DENNIS ControlCHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER & CHIEF OPERATING OFFICER
since Jan 2025
Less than 5%Individual
MTS NC, LLC ControlMEMBER
since May 2019
25–50%Domestic Entity
RZR, LLC ControlMEMBER
since May 2019
25–50%Domestic Entity
GEARHART, GEORGE, BROCKMANN Control
Indirect owner via GBGEARHART ENTERPRISES LLC
MEMBER
since May 2019
75% or moreIndividual
HAYNES, MELISSA, HALL Control
Indirect owner via RZR, LLC
MEMBER
since Nov 2018
50–75%Individual
SAVIERS, MARSHALL, THOMAS Control
Indirect owner via MTS NC, LLC
MEMBER
since May 2019
75% or moreIndividual
SIMMONS, MARK, TODD Control
Indirect owner via RZR, LLC
MEMBER
since Nov 2018
50–75%Individual
Ownership & leadership changes · 5 filings with changes since Jul 24, 2023

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Aug 4, 2026 filing
  • No longer listedBAGNALL, AMY, CHRISTEEN · CHIEF COMPLIANCE OFFICER & GENERAL COUNSEL · Less than 5% · control person · listed since Sep 2023
  • ChangedMOSS, JAIRL, DENNIS · title CHIEF FINANCIAL OFFICER & CHIEF OPERATING OFFICER → CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER & CHIEF OPERATING OFFICER
Jun 24, 2026 filing
  • No longer listedBHKH HOLDINGS, LLC · MEMBER · 25–50% · control person · listed since May 2019
  • No longer listedHENRY, BRADLEY, THOMAS · MANAGING PARTNER · 75% or more · indirect via BHKH HOLDINGS, LLC · control person · listed since Jul 2019
  • No longer listedHENRY, BRADLEY, THOMAS · MANAGING PARTNER · Less than 5% · control person · listed since May 2019
  • AddedHEARNSBERGER, JOHN, BENJAMIN · MANAGING DIRECTOR · Less than 5% · control person
  • ChangedGBGEARHART ENTERPRISES LLC · ownership 10–25% → 25–50%; now a control person
  • ChangedMTS NC, LLC · ownership 10–25% → 25–50%; now a control person
  • ChangedRZR, LLC · ownership 10–25% → 25–50%; now a control person
Mar 31, 2026 filing
  • ChangedMOSS, JAIRL, DENNIS · title CHIEF FINANCIAL OFFICER → CHIEF FINANCIAL OFFICER & CHIEF OPERATING OFFICER
Mar 31, 2025 filing
  • No longer listedCUDE, TRACY, LYNNE · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since Oct 2023
  • AddedMOSS, JAIRL, DENNIS · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Mar 30, 2024 filing
  • AddedBAGNALL, AMY, CHRISTEEN · CHIEF COMPLIANCE OFFICER & GENERAL COUNSEL · Less than 5% · control person
  • AddedCUDE, TRACY, LYNNE · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Jul 24, 2023 filing (earliest on record)
  • ListedBHKH HOLDINGS, LLC · MEMBER · 25–50% · control person
  • ListedGBGEARHART ENTERPRISES LLC · MEMBER · 10–25%
  • ListedGEARHART, GEORGE, BROCKMANN · MEMBER · 75% or more · indirect via GBGEARHART ENTERPRISES LLC · control person
  • ListedHAYNES, MELISSA, HALL · MEMBER · 50–75% · indirect via RZR, LLC · control person
  • ListedHENRY, BRADLEY, THOMAS · MANAGING PARTNER · 75% or more · indirect via BHKH HOLDINGS, LLC · control person
  • ListedHENRY, BRADLEY, THOMAS · MANAGING PARTNER · Less than 5% · control person
  • ListedMTS NC, LLC · MEMBER · 10–25%
  • ListedRZR, LLC · MEMBER · 10–25%
  • ListedSAVIERS, MARSHALL, THOMAS · MEMBER · 75% or more · indirect via MTS NC, LLC · control person
  • ListedSIMMONS, MARK, TODD · MEMBER · 50–75% · indirect via RZR, LLC · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

NATURAL INVESTMENTS, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 APPLE INC AAPL 037833100 $34.0M 7.48% 117,657 SH
2 NVIDIA CORPORATION NVDA 67066G104 $23.2M 5.10% 115,946 SH
3 MICROSOFT CORP MSFT 594918104 $18.3M 4.02% 49,008 SH
4 ETF SER SOLUTIONS VEGN 26922A297 $17.2M 3.79% 209,479 SH
5 ALPHABET INC GOOGL 02079K305 $13.4M 2.95% 37,638 SH
6 TIDAL TRUST I JSTC 886364876 $13.1M 2.88% 573,564 SH
7 ISHARES TR DSI 464288570 $12.6M 2.77% 88,429 SH
8 EA SERIES TRUST CHGX 02072L151 $12.3M 2.70% 369,592 SH
9 MANAGER DIRECTED PORTFOLIOS VGSR 56170L695 $10.0M 2.20% 880,979 SH
10 VANECK ETF TRUST GRNB 92189F171 $8.6M 1.89% 355,772 SH
11 ABBVIE INC ABBV 00287Y109 $8.4M 1.84% 33,331 SH
12 INVESTMENT MANAGERS SER TR I NXTE 46144X586 $7.7M 1.69% 141,248 SH
13 HA SUSTAINABLE INFRA CAP INC HASI 41068X100 $7.5M 1.66% 193,258 SH
14 HOME DEPOT INC HD 437076102 $6.7M 1.48% 19,131 SH
15 ELI LILLY & CO LLY 532457108 $6.7M 1.48% 5,609 SH
16 JPMORGAN CHASE & CO JPM 46625H100 $5.6M 1.22% 17,036 SH
17 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $5.5M 1.21% 11,518 SH
18 BERKSHIRE HATHAWAY INC DEL BRK.A 084670108 $5.2M 1.15% 7 SH
19 PALO ALTO NETWORKS INC PANW 697435105 $5.2M 1.14% 15,212 SH
20 TIDAL TRUST III OWNS 74741A106 $5.1M 1.12% 295,066 SH
21 MASTERCARD INCORPORATED MA 57636Q104 $4.4M 0.96% 8,532 SH
22 ALPHABET INC GOOG 02079K107 $4.3M 0.95% 12,260 SH
23 ASML HLDG NV ASML N07059210 $3.9M 0.85% 1,950 SH
24 COSTCO WHOLESALE CORPORATION COST 22160K105 $3.9M 0.85% 4,144 SH
25 AMPLIFY ETF TR ETHO 032108557 $3.5M 0.78% 43,995 SH
26 PROCTER & GAMBLE CO PG 742718109 $3.5M 0.76% 23,677 SH
27 ADVANCED MICRO DEVICES INC AMD 007903107 $3.4M 0.75% 5,900 SH
28 ABBOTT LABORATORIES ABT 002824100 $3.2M 0.71% 35,541 SH
29 BROOKFIELD RENEWABLE CORP BEPC 11285B108 $2.9M 0.65% 79,241 SH
30 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $2.9M 0.64% 3,894 SH
31 AMERICAN EXPRESS CO AXP 025816109 $2.9M 0.63% 8,506 SH
32 UNITED PARCEL SVCS INC UPS 911312106 $2.7M 0.60% 25,520 SH
33 VISA INC V 92826C839 $2.6M 0.57% 7,586 SH
34 MORGAN STANLEY ETF TRUST CVMC 61774R403 $2.5M 0.56% 33,504 SH
35 ASTRAZENECA PLC AZN G0593M107 $2.5M 0.56% 13,360 SH
36 EATON CORP PLC ETN G29183103 $2.5M 0.55% 5,929 SH
37 JOHNSON & JOHNSON JNJ 478160104 $2.4M 0.54% 9,613 SH
38 UNILEVER PLC UL 904767803 $2.3M 0.50% 37,894 SH
39 ECOLAB INC ECL 278865100 $2.2M 0.49% 8,021 SH
40 UNION PAC CORP UNP 907818108 $2.1M 0.47% 7,832 SH
41 BROADCOM INC AVGO 11135F101 $2.0M 0.45% 5,412 SH
42 LAM RESEARCH CORP LRCX 512807306 $2.0M 0.45% 4,717 SH
43 PNC FINL SVCS GROUP INC PNC 693475105 $2.0M 0.45% 8,232 SH
44 MERCK & CO INC MRK 58933Y105 $2.0M 0.44% 15,454 SH
45 PROLOGIS INC. PLD 74340W103 $1.9M 0.43% 14,349 SH
46 FRANKLIN ETF TR FTSD 353506108 $1.9M 0.42% 20,933 SH
47 CISCO SYS INC CSCO 17275R102 $1.9M 0.41% 16,082 SH
48 TRANE TECHNOLOGIES PLC TT G8994E103 $1.9M 0.41% 3,786 SH
49 AMERICAN WTR WKS CO INC NEW AWK 030420103 $1.8M 0.41% 14,038 SH
50 LINDE PLC LIN G54950103 $1.8M 0.40% 3,468 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-31 $455.2M 301 0001800245-26-000003
2026-03-31 2026-05-01 $405.4M 288 0001800245-26-000002
2025-12-31 2026-01-23 $401.8M 280 0001800245-26-000001
Filer Information
Address
1330 GUMVIEW ROAD
WINDSOR, CA 95492
Phone
(707) 758-0171
Filing Manager
NATURAL INVESTMENTS, LLC
WINDSOR, CA
Signatory
Cindi Hill
Filing Agent