# True North Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1634556. Source: https://holderbook.com/funds/1634556-true-north-advisors-llc/

- Reported value: $1.0B
- Positions: 291
- Weight of the ten largest: 43.0%
- Filed: 2026-07-22

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| LENNOX INTL INC | [LII](https://holderbook.com/stocks/LII/) | $92.3M | 161,110 | 8.8% | 14 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $86.9M | 300,395 | 8.3% | 27 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $66.6M | 2,140,879 | 6.4% | 2 |
| AMERICAN CENTY ETF TR | [AVDS](https://holderbook.com/stocks/AVDS/) | $33.8M | 449,544 | 3.2% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $32.8M | 92,303 | 3.1% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $31.6M | 132,550 | 3.0% | 27 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $31.1M | 41,616 | 3.0% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $27.6M | 138,090 | 2.6% | 21 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $24.6M | 49,257 | 2.4% | 27 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $22.5M | 316,111 | 2.2% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JPIE](https://holderbook.com/stocks/JPIE/) | $22.5M | 488,499 | 2.2% | 2 |
| PIMCO ETF TR | [PYLD](https://holderbook.com/stocks/PYLD/) | $19.1M | 720,470 | 1.8% | 2 |
| TCW ETF TRUST | [FLXR](https://holderbook.com/stocks/FLXR/) | $19.0M | 484,709 | 1.8% | 3 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $18.7M | 61,751 | 1.8% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $15.0M | 264,025 | 1.4% | 25 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $14.8M | 511,653 | 1.4% | 3 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $14.6M | 151,215 | 1.4% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $14.6M | 39,011 | 1.4% | 27 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $13.8M | 64,882 | 1.3% | 3 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $13.0M | 146,012 | 1.2% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JQUA](https://holderbook.com/stocks/JQUA/) | $12.1M | 167,310 | 1.2% | 3 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $10.7M | 119,722 | 1.0% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $10.1M | 10,770 | 1.0% | 23 |
| JANUS DETROIT STR TR | [JMBS](https://holderbook.com/stocks/JMBS/) | $10.0M | 221,276 | 1.0% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $9.9M | 17,631 | 0.9% | 25 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $9.9M | 95,704 | 0.9% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $9.3M | 24,728 | 0.9% | 10 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $8.2M | 359,346 | 0.8% | 2 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $8.1M | 21,692 | 0.8% | 15 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $7.7M | 56,322 | 0.7% | 27 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $7.3M | 19,739 | 0.7% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $7.2M | 6,279 | 0.7% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $6.7M | 19,506 | 0.6% | 27 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $6.6M | 87,616 | 0.6% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $6.6M | 8,914 | 0.6% | 3 |
| PIMCO ETF TR | [MUNI](https://holderbook.com/stocks/MUNI/) | $6.5M | 123,925 | 0.6% | 3 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $6.5M | 135,216 | 0.6% | 27 |
| PIMCO ETF TR | [MINO](https://holderbook.com/stocks/MINO/) | $6.4M | 140,914 | 0.6% | 1 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $6.4M | 216,573 | 0.6% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $6.4M | 14,675 | 0.6% | 6 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $6.2M | 5,276 | 0.6% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $5.8M | 17,701 | 0.6% | 27 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $5.5M | 150,184 | 0.5% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $5.5M | 5,142 | 0.5% | 27 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $5.1M | 60,477 | 0.5% | 27 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $5.0M | 6,947 | 0.5% | 10 |
| PIMCO ETF TR | [CORP](https://holderbook.com/stocks/CORP/) | $4.9M | 50,239 | 0.5% | 3 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $4.6M | 86,454 | 0.4% | 2 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $4.1M | 9,463 | 0.4% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $4.0M | 15,735 | 0.4% | 17 |
| EA SERIES TRUST | [RAUS](https://holderbook.com/stocks/RAUS/) | $4.0M | 134,958 | 0.4% | 2 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $3.9M | 71,287 | 0.4% | 2 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $3.9M | 26,006 | 0.4% | 3 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $3.8M | 30,570 | 0.4% | 1 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $3.7M | 21,215 | 0.4% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.7M | 3,109 | 0.4% | 25 |
| NEOS ETF TRUST | [CSHI](https://holderbook.com/stocks/CSHI/) | $3.6M | 71,928 | 0.3% | 2 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $3.5M | 79,903 | 0.3% | 6 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $3.4M | 20,576 | 0.3% | 3 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $3.3M | 62,576 | 0.3% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.3M | 9,219 | 0.3% | 27 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $3.2M | 87,301 | 0.3% | 3 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $3.2M | 10,567 | 0.3% | 5 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $3.1M | 5,317 | 0.3% | 23 |
| ETFS GOLD TR | [SGOL](https://holderbook.com/stocks/SGOL/) | $2.9M | 76,532 | 0.3% | 1 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $2.7M | 98,687 | 0.3% | 27 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $2.6M | 8,282 | 0.2% | 7 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $2.5M | 1,252 | 0.2% | 11 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $2.4M | 88,038 | 0.2% | 3 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $2.3M | 11,201 | 0.2% | 13 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.2M | 5,232 | 0.2% | 14 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.2M | 13,080 | 0.2% | 27 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $2.1M | 12,916 | 0.2% | 7 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $2.1M | 13,584 | 0.2% | 7 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $2.1M | 8,586 | 0.2% | 27 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $2.1M | 38,601 | 0.2% | 6 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $2.0M | 106,116 | 0.2% | 1 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $2.0M | 17,102 | 0.2% | 1 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $2.0M | 28,257 | 0.2% | 7 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.0M | 22,365 | 0.2% | 7 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $2.0M | 4,803 | 0.2% | 6 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $2.0M | 11,485 | 0.2% | 4 |
| VANGUARD ADMIRAL FDS INC | [VIOO](https://holderbook.com/stocks/VIOO/) | $1.9M | 14,028 | 0.2% | 3 |
| DUPONT DE NEMOURS INC | - | $1.9M | 13,659 | 0.2% | 1 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $1.8M | 15,721 | 0.2% | 1 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $1.8M | 33,304 | 0.2% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.8M | 2,360 | 0.2% | 6 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $1.7M | 51,676 | 0.2% | 3 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $1.7M | 4,219 | 0.2% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.7M | 6,719 | 0.2% | 27 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $1.7M | 33,820 | 0.2% | 3 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.7M | 8,211 | 0.2% | 14 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $1.7M | 17,019 | 0.2% | 7 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $1.6M | 5,353 | 0.2% | 27 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.6M | 12,608 | 0.1% | 6 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $1.5M | 43,036 | 0.1% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $1.5M | 2 | 0.1% | 6 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.4M | 2,711 | 0.1% | 27 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.4M | 18,729 | 0.1% | 2 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $1.4M | 3,253 | 0.1% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.0% | +14.8% | -2.8% | 100% |
| Q1 2026 | -1.8% | -4.6% | +2.8% | 100% |
| Q4 2025 | -0.3% | +2.4% | -2.7% | 100% |
| Q3 2025 | +3.2% | +7.8% | -4.6% | 100% |
| Q2 2025 | +3.8% | +10.5% | -6.7% | 100% |
| Q1 2025 | -1.6% | -4.6% | +3.0% | 100% |
| Q4 2024 | +1.5% | +2.1% | -0.7% | 100% |
| Q3 2024 | +7.9% | +5.4% | +2.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.0B | 291 |
| Q1 2026 | $877.3M | 245 |
| Q4 2025 | $773.5M | 250 |
| Q3 2025 | $630.0M | 215 |
| Q2 2025 | $521.8M | 222 |
| Q1 2025 | $564.1M | 243 |
| Q4 2024 | $424.2M | 185 |
| Q3 2024 | $382.2M | 185 |
| Q2 2024 | $374.3M | 198 |
| Q1 2024 | $362.3M | 196 |
| Q4 2023 | $389.4M | 189 |
| Q3 2023 | $324.6M | 192 |