# True Vision MN LLC

> Institutional holdings reported to the SEC as of Q1 2026 on Form 13F. CIK 2013460. Source: https://holderbook.com/funds/2013460-true-vision-mn-llc/

- Reported value: $193.9M
- Positions: 98
- Weight of the ten largest: 49.9%
- Filed: 2026-04-16

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $17.1M | 370,169 | 8.8% | 10 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $15.7M | 24,056 | 8.1% | 10 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $10.4M | 49,229 | 5.4% | 9 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $9.6M | 84,840 | 4.9% | 10 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $9.6M | 164,898 | 4.9% | 9 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $8.7M | 124,107 | 4.5% | 10 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $7.8M | 104,946 | 4.0% | 10 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $6.3M | 276,957 | 3.3% | 10 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $5.9M | 55,118 | 3.0% | 10 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $5.7M | 60,402 | 3.0% | 10 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $5.1M | 51,080 | 2.7% | 10 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $5.1M | 45,748 | 2.6% | 10 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $4.6M | 23,961 | 2.4% | 10 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $4.4M | 134,207 | 2.3% | 4 |
| BLACKROCK ETF TRUST | [THRO](https://holderbook.com/stocks/THRO/) | $4.2M | 116,710 | 2.2% | 5 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $4.0M | 16,478 | 2.0% | 6 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $3.6M | 71,738 | 1.9% | 4 |
| BLACKROCK ETF TRUST | [BLCR](https://holderbook.com/stocks/BLCR/) | $3.4M | 81,599 | 1.7% | 1 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $3.2M | 61,162 | 1.6% | 9 |
| BLACKROCK ETF TRUST | [IDEF](https://holderbook.com/stocks/IDEF/) | $2.9M | 87,908 | 1.5% | 1 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $2.5M | 84,164 | 1.3% | 10 |
| ISHARES TR | [LMUB](https://holderbook.com/stocks/LMUB/) | $2.4M | 47,072 | 1.2% | 1 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $2.2M | 26,562 | 1.2% | 10 |
| INVESCO EXCH TRD SLF IDX FD | [BSCT](https://holderbook.com/stocks/BSCT/) | $2.1M | 112,028 | 1.1% | 6 |
| INVESCO EXCH TRD SLF IDX FD | [BSCU](https://holderbook.com/stocks/BSCU/) | $2.0M | 118,937 | 1.0% | 2 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $1.7M | 17,459 | 0.9% | 10 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.7M | 5,293 | 0.9% | 10 |
| TIDAL TRUST I | [SPSK](https://holderbook.com/stocks/SPSK/) | $1.6M | 91,385 | 0.8% | 10 |
| INVESCO EXCH TRD SLF IDX FD | [BSCQ](https://holderbook.com/stocks/BSCQ/) | $1.4M | 70,292 | 0.7% | 10 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $1.3M | 17,262 | 0.7% | 10 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.3M | 5,259 | 0.7% | 10 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $1.2M | 14,044 | 0.6% | 6 |
| SSGA ACTIVE TR | [FISR](https://holderbook.com/stocks/FISR/) | $1.2M | 45,419 | 0.6% | 9 |
| ISHARES TR | [SYSB](https://holderbook.com/stocks/SYSB/) | $1.1M | 11,959 | 0.5% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $958.3K | 2,227 | 0.5% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $915.1K | 1,403 | 0.5% | 9 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $912.0K | 2,336 | 0.5% | 5 |
| LEGG MASON ETF INVT | [LVHI](https://holderbook.com/stocks/LVHI/) | $883.4K | 21,791 | 0.5% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $857.3K | 3,378 | 0.4% | 10 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $822.8K | 16,666 | 0.4% | 6 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $784.3K | 6,388 | 0.4% | 5 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $775.5K | 4,795 | 0.4% | 6 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $761.7K | 4,511 | 0.4% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $747.4K | 4,004 | 0.4% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $747.0K | 2,018 | 0.4% | 1 |
| SPDR SERIES TRUST | [SPTL](https://holderbook.com/stocks/SPTL/) | $746.0K | 28,364 | 0.4% | 10 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $743.5K | 2,967 | 0.4% | 3 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $738.5K | 2,532 | 0.4% | 9 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $733.3K | 840 | 0.4% | 1 |
| INVESCO EXCH TRD SLF IDX FD | [BSCS](https://holderbook.com/stocks/BSCS/) | $726.2K | 35,560 | 0.4% | 6 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $724.3K | 3,708 | 0.4% | 10 |
| INVESCO EXCH TRD SLF IDX FD | [BSCR](https://holderbook.com/stocks/BSCR/) | $721.7K | 36,773 | 0.4% | 10 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $713.7K | 9,811 | 0.4% | 1 |
| BROWN FORMAN CORP | [BFA](https://holderbook.com/stocks/BFA/) | $712.8K | 26,395 | 0.4% | 3 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $690.9K | 1,460 | 0.4% | 5 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $681.4K | 5,127 | 0.4% | 1 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $676.0K | 6,098 | 0.3% | 6 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $668.8K | 10,918 | 0.3% | 6 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $622.1K | 4,464 | 0.3% | 1 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $621.1K | 2,281 | 0.3% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $587.9K | 2,823 | 0.3% | 7 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $574.0K | 9,766 | 0.3% | 1 |
| OSHKOSH CORP | [OSK](https://holderbook.com/stocks/OSK/) | $567.6K | 3,856 | 0.3% | 1 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $548.3K | 4,623 | 0.3% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $504.4K | 1,754 | 0.3% | 10 |
| SSGA ACTIVE TR | [XLSR](https://holderbook.com/stocks/XLSR/) | $486.1K | 8,419 | 0.3% | 8 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $463.2K | 10,020 | 0.2% | 5 |
| TOPBUILD COR | [BLD](https://holderbook.com/stocks/BLD/) | $457.4K | 1,302 | 0.2% | 1 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $440.6K | 5,535 | 0.2% | 5 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $434.2K | 3,493 | 0.2% | 2 |
| ZILLOW GROUP INC | [Z](https://holderbook.com/stocks/Z/) | $430.4K | 10,400 | 0.2% | 10 |
| T ROWE PRICE EXCHANGE-TRADED | [TSPA](https://holderbook.com/stocks/TSPA/) | $427.5K | 10,453 | 0.2% | 4 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $410.4K | 13,456 | 0.2% | 10 |
| J P MORGAN EXCHANGE TRADED F | [JGRO](https://holderbook.com/stocks/JGRO/) | $405.1K | 4,793 | 0.2% | 9 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $388.2K | 7,768 | 0.2% | 6 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $384.1K | 3,078 | 0.2% | 2 |
| SPDR SERIES TRUST | [MDYG](https://holderbook.com/stocks/MDYG/) | $369.9K | 3,854 | 0.2% | 10 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $364.9K | 3,152 | 0.2% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $352.7K | 6,526 | 0.2% | 10 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $328.9K | 7,012 | 0.2% | 7 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $317.8K | 6,925 | 0.2% | 3 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $316.1K | 12,337 | 0.2% | 1 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $312.9K | 6,854 | 0.2% | 2 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $305.0K | 2,085 | 0.2% | 1 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $284.1K | 6,958 | 0.1% | 6 |
| SPDR SERIES TRUST | [CERY](https://holderbook.com/stocks/CERY/) | $283.5K | 8,046 | 0.1% | 3 |
| SCHWAB STRATEGIC TR | [SCHK](https://holderbook.com/stocks/SCHK/) | $249.7K | 7,970 | 0.1% | 8 |
| SPDR SERIES TRUST | [TIPX](https://holderbook.com/stocks/TIPX/) | $234.3K | 12,212 | 0.1% | 2 |
| SEALSQ CORP | [LAES](https://holderbook.com/stocks/LAES/) | $223.0K | 85,124 | 0.1% | 2 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $219.6K | 1,004 | 0.1% | 3 |
| RIGETTI COMPUTING INC | [RGTI](https://holderbook.com/stocks/RGTI/) | $217.6K | 15,499 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $214.8K | 8,072 | 0.1% | 5 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $211.4K | 3,611 | 0.1% | 1 |
| ISHARES TR | [ICVT](https://holderbook.com/stocks/ICVT/) | $209.8K | 2,061 | 0.1% | 9 |
| SPDR SERIES TRUST | [SHM](https://holderbook.com/stocks/SHM/) | $209.4K | 4,378 | 0.1% | 10 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $205.6K | 4,218 | 0.1% | 2 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $203.9K | 4,219 | 0.1% | 3 |
| ARQIT QUANTUM INC | [ARQQ](https://holderbook.com/stocks/ARQQ/) | $196.7K | 14,848 | 0.1% | 1 |

## 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 |
|---|---|---|---|---|
| Q1 2026 | -2.1% | -4.6% | +2.5% | 100% |
| Q4 2025 | +1.2% | +2.4% | -1.1% | 99% |
| Q3 2025 | +6.1% | +7.8% | -1.8% | 100% |
| Q2 2025 | +8.0% | +10.5% | -2.5% | 100% |
| Q1 2025 | -1.7% | -4.6% | +2.9% | 100% |
| Q4 2024 | -0.9% | +2.1% | -3.1% | 102% |
| Q3 2024 | +5.4% | +5.4% | -0.0% | 100% |
| Q2 2024 | +0.7% | +4.0% | -3.4% | 103% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2026 | $193.9M | 98 |
| Q4 2025 | $196.8M | 111 |
| Q3 2025 | $191.9M | 108 |
| Q2 2025 | $180.8M | 103 |
| Q1 2025 | $167.0M | 101 |
| Q4 2024 | $168.5M | 98 |
| Q3 2024 | $167.2M | 98 |
| Q2 2024 | $154.0M | 103 |
| Q1 2024 | $142.0M | 91 |
| Q4 2023 | $124.4M | 86 |