True North Advisors, LLC

CIK

1634556

Location

Dallas, TX

Portfolio Value

Small $515,069,686

Diversification

Diversified

Filing Date

Global Rank

#2,274 / 8,232 —

Top Industry

Building Products & Equipment 16.4%

3Y Alpha vs SPY

-2.7%

Period ended 2 months ago

Filed May 7, 2026 · 38d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+64.6%

SPY

+76.3%

Annualised alpha

-2.7%

Max drawdown

−16.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

165 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.9%

+0.5 pts

Top 5

46.6%

−0.7 pts

Top 10

60.5%

−0.9 pts

HHI

604

Diversified+9

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	30.0%	$154,410,183	33
Industrials	21.3%	$109,526,933	23
Financial Services	13.3%	$68,503,569	24
Consumer Cyclical	9.3%	$47,868,786	20
Unclassified	7.6%	$39,029,666	5
Healthcare	5.0%	$25,934,413	22
Consumer Defensive	3.9%	$19,849,027	11
Basic Materials	3.4%	$17,341,289	8
Energy	3.2%	$16,449,664	10
Communication Services	2.4%	$12,563,493	6
Utilities	0.7%	$3,592,663	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BHST	Bioharvest Sciences Inc.	+133,085	168,013	$729,176
ANET	Arista Networks, Inc.	+7,978	11,797	$1,448,435
DVN	Devon Energy Corp/De	+3,940	9,838	$495,048
NVDA	Nvidia Corp	+3,792	131,925	$23,007,720
CVX	Chevron Corp	+2,892	13,701	$2,834,736
TSLA	Tesla, Inc.	+2,713	5,155	$1,916,371
V	Visa Inc.	+2,145	19,789	$5,981,027
MSFT	Microsoft Corp	+2,104	38,683	$14,319,286
DOW	Dow Inc.	+1,764	99,374	$4,138,927
USPH	U S Physical Therapy Inc /Nv	+1,714	14,388	$1,078,524
PLTR	Palantir Technologies Inc.	+1,226	2,596	$379,742
NFLX	Netflix Inc	+1,033	6,127	$589,111
HD	Home Depot, Inc.	+978	9,827	$3,232,002
SYK	Stryker Corp	+808	9,498	$3,120,947
QCOM	Qualcomm Inc/De	+806	6,844	$881,370
MRSH	Marsh & Mclennan Companies, Inc.	+803	1,958	$339,615
COST	Costco Wholesale Corp /New	+784	10,935	$10,895,962
MU	Micron Technology Inc	+697	5,585	$1,886,836
AMGN	Amgen Inc	+570	1,720	$605,182
WMT	Walmart Inc.	+560	10,385	$1,290,647
HON	Honeywell International Inc	+491	4,729	$1,068,895
LMT	Lockheed Martin Corp	+366	3,378	$2,041,629
ISRG	Intuitive Surgical Inc	+366	2,385	$1,099,461
PANW	Palo Alto Networks Inc	+354	2,888	$463,004
NOW	ServiceNow, Inc.	+335	3,105	$324,627
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BRK-B	Berkshire Hathaway Inc	−21,653	57,140	$27,381,488
MRK	Merck & Co., Inc.	−8,629	4,585	$551,529
APH	Amphenol Corp /De/	−6,992	22,528	$2,846,412
PFE	Pfizer Inc	−6,296	47,318	$1,328,689
TXN	Texas Instruments Inc	−5,291	5,341	$1,036,901
LRCX	Lam Research Corp	−4,422	16,101	$3,440,139
META	Meta Platforms, Inc.	−4,228	18,713	$10,706,268
PEP	Pepsico Inc	−4,042	4,634	$719,613
AMZN	Amazon Com Inc	−3,368	135,004	$28,117,283
JNJ	Johnson & Johnson	−2,915	7,128	$1,742,368
APD	Air Products & Chemicals, Inc.	−2,770	1,669	$484,827
LII	Lennox International Inc	−2,538	165,792	$76,949,040
KR	Kroger Co	−2,170	35,319	$2,555,682
XOM	Exxon Mobil Corp	−2,118	61,124	$10,370,297
AAPL	Apple Inc.	−2,054	299,636	$76,044,620
MPC	Marathon Petroleum Corp	−1,975	942	$230,017
ORCL	Oracle Corp	−1,958	6,347	$933,707
SLB	Slb Limited/Nv	−1,891	9,140	$469,704
SPY	Spdr S&P 500 ETF Trust	−1,813	48,141	$31,308,017
NEE	Nextera Energy Inc	−1,527	22,651	$2,103,824
AVGO	Broadcom Inc.	−1,226	25,109	$7,771,486
UNH	Unitedhealth Group Inc	−1,062	2,005	$542,532
JPM	Jpmorgan Chase & Co	−962	19,356	$5,693,760
VLO	Valero Energy Corp/Tx	−936	3,568	$881,581
ABT	Abbott Laboratories	−818	18,807	$1,930,914
No positions match the current search.

New Positions

Positions the filer opened this quarter

24 positions

Ticker	Company	Shares	Value
KMX	Carmax Inc	86,635	$3,602,283
CME	Cme Group Inc.	4,083	$1,205,914
IDXX	Idexx Laboratories Inc /De	1,411	$792,826
ADP	Automatic Data Processing Inc	3,686	$748,921
ACVA	ACV Auctions Inc.	175,170	$742,720
ISTR	Investar Holding Corp	27,060	$737,926
TM	Toyota Motor Corp/	3,430	$706,888
SBUX	Starbucks Corp	7,206	$645,585
MTD	Mettler Toledo International Inc/	491	$619,249
STLA	Stellantis N.V.	80,123	$568,072
AZN	Astrazeneca PLC	2,815	$555,174
MDY	Spdr S&P Midcap 400 ETF Trust	689	$424,947
ALLY	Ally Financial Inc.	9,657	$378,844
DCI	DONALDSON Co INC	4,033	$342,280
BMY	Bristol Myers Squibb Co	5,148	$312,226
WM	Waste Management Inc	1,278	$293,671
DE	Deere & Co	435	$245,035
CMI	Cummins Inc	438	$235,652
WAB	Westinghouse Air Brake Technologies Corp	915	$228,667
EOG	Eog Resources Inc	1,575	$227,697
T	At&T Inc.	7,624	$221,019
ENB	Enbridge Inc	3,928	$212,661
UBER	Uber Technologies, Inc	2,885	$207,518
GBDC	GOLUB CAPITAL BDC, Inc.	13,420	$169,897
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
IAU	Ishares Gold Trust	101,817	$8,264,485
EPD	Enterprise Products Partners L.P.	150,001	$4,809,032
SGOL	abrdn Gold ETF Trust	83,816	$3,443,161
TPL	Texas Pacific Land Corp	10,024	$2,879,093
ET	Energy Transfer LP	106,640	$1,758,493
IBIT	iShares Bitcoin Trust ETF	34,890	$1,732,288
PHYS	Sprott Physical Gold Trust	30,659	$1,012,360
PAAS	Pan American Silver Corp	15,980	$827,923
BXMT	Blackstone Mortgage Trust, Inc.	30,847	$590,103
MMM	3M Co	2,958	$473,575
MPLX	Mplx LP	8,420	$449,375
SLV	iShares Silver Trust	6,215	$400,370
PLD	Prologis, Inc.	3,005	$383,618
GLD	Spdr Gold Trust	948	$375,701
YUM	Yum Brands Inc	2,403	$363,525
WPC	W. P. Carey Inc.	5,528	$355,782
VTR	Ventas, Inc.	4,324	$334,591
L	Loews Corp	3,156	$332,358
ALKT	Alkami Technology, Inc.	13,538	$312,321
CPT	Camden Property Trust	2,646	$291,271
CCL	Carnival Corp Ltd.	9,400	$287,076
OKE	Oneok Inc /New/	3,875	$284,812
NVO	Novo Nordisk A S	5,305	$269,918
AVB	Avalonbay Communities Inc	1,384	$250,933
BTC	Grayscale Bitcoin Mini Trust ETF	6,470	$250,583
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

165 positions · $515,069,686 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 165 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LII	Lennox International Inc Industrials	Reduced	165,792	-2,538	$76,949,040	−5.9%	14.94%
AAPL	Apple Inc. Technology	Reduced	299,636	-2,054	$76,044,620	−7.3%	14.76%
SPY	Spdr S&P 500 ETF Trust	Reduced	48,141	-1,813	$31,308,017	−8.1%	6.08%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	135,004	-3,368	$28,117,283	−12.0%	5.46%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	57,140	-21,653	$27,381,488	−30.9%	5.32%
NVDA	Nvidia Corp Technology	Added	131,925	+3,792	$23,007,720	−3.7%	4.47%
MSFT	Microsoft Corp Technology	Added	38,683	+2,104	$14,319,286	−19.1%	2.78%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	265,118	-465	$12,924,502	−11.5%	2.51%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	10,935	+784	$10,895,962	+24.5%	2.12%
META	Meta Platforms, Inc. Communication Services	Reduced	18,713	-4,228	$10,706,268	−29.3%	2.08%
XOM	Exxon Mobil Corp Energy	Reduced	61,124	-2,118	$10,370,297	+36.3%	2.01%
AVGO	Broadcom Inc. Technology	Reduced	25,109	-1,226	$7,771,486	−14.7%	1.51%
FAST	Fastenal Co Industrials	Reduced	138,361	-669	$6,419,950	+15.1%	1.25%
GE	General Electric Co Industrials	Added	21,632	+121	$6,138,512	−7.4%	1.19%
V	Visa Inc. Financial Services	Added	19,789	+2,145	$5,981,027	−3.3%	1.16%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	19,356	-962	$5,693,760	−13.0%	1.11%
QQQ	Invesco Qqq Trust, Series 1	Added	9,743	+270	$5,623,464	−3.4%	1.09%
CTVA	Corteva, Inc. Basic Materials	Added	60,761	+5	$5,086,303	+24.9%	0.99%
GEV	GE Vernova Inc. Industrials	Added	5,273	+73	$4,602,801	+35.4%	0.89%
DOW	Dow Inc. Basic Materials	Added	99,374	+1,764	$4,138,927	+81.4%	0.80%
ABBV	AbbVie Inc. Healthcare	Added	18,627	+16	$4,051,186	−4.7%	0.79%
CAT	Caterpillar Inc Industrials	Reduced	5,165	-15	$3,659,195	+23.3%	0.71%
KMX	Carmax Inc Consumer Cyclical	NEW	86,635	NEW	$3,602,283	NEW	0.70%
MS	Morgan Stanley Financial Services	Reduced	21,203	-335	$3,489,377	−8.7%	0.68%
LRCX	Lam Research Corp Technology	Reduced	16,101	-4,422	$3,440,139	−2.1%	0.67%
HD	Home Depot, Inc. Consumer Cyclical	Added	9,827	+978	$3,232,002	+6.1%	0.63%
MLM	Martin Marietta Materials Inc Basic Materials	Reduced	5,331	-29	$3,138,253	−6.0%	0.61%
SYK	Stryker Corp Healthcare	Added	9,498	+808	$3,120,947	+2.2%	0.61%
LLY	ELI LILLY & Co Healthcare	Reduced	3,260	-104	$2,998,450	−17.1%	0.58%
APH	Amphenol Corp /De/ Technology	Reduced	22,528	-6,992	$2,846,412	−28.6%	0.55%
CVX	Chevron Corp Energy	Added	13,701	+2,892	$2,834,736	+72.1%	0.55%
AMAT	Applied Materials Inc /De Technology	Reduced	7,658	-262	$2,617,427	+28.6%	0.51%
KR	Kroger Co Consumer Defensive	Reduced	35,319	-2,170	$2,555,682	+9.1%	0.50%
Q	Qnity Electronics, Inc. Technology	Reduced	20,481	-63	$2,363,097	+40.9%	0.46%
ALL	Allstate Corp Financial Services	Reduced	11,290	-629	$2,340,868	−5.6%	0.45%
SPGI	S&P Global Inc. Financial Services	Reduced	5,047	-110	$2,146,690	−20.3%	0.42%
NEE	Nextera Energy Inc Utilities	Reduced	22,651	-1,527	$2,103,824	+8.4%	0.41%
LMT	Lockheed Martin Corp Industrials	Added	3,378	+366	$2,041,629	+40.1%	0.40%
SHW	Sherwin Williams Co Basic Materials	Reduced	6,241	-63	$2,000,552	−2.1%	0.39%
ABT	Abbott Laboratories Healthcare	Reduced	18,807	-818	$1,930,914	−21.5%	0.37%
DHI	Horton D R Inc /De/ Consumer Cyclical	Reduced	14,063	-327	$1,929,724	−6.9%	0.37%
TSLA	Tesla, Inc. Consumer Cyclical	Added	5,155	+2,713	$1,916,371	+74.5%	0.37%
MU	Micron Technology Inc Technology	Added	5,585	+697	$1,886,836	+35.2%	0.37%
DD	DuPont de Nemours, Inc. Basic Materials	Reduced	40,990	-177	$1,877,342	+13.4%	0.36%
JNJ	Johnson & Johnson Healthcare	Reduced	7,128	-2,915	$1,742,368	−16.2%	0.34%
KLAC	Kla Corp Technology	Reduced	1,143	-30	$1,682,964	+18.1%	0.33%
ASML	Asml Holding NV Technology	Added	1,231	+2	$1,625,941	+23.7%	0.32%
MSI	Motorola Solutions, Inc. Technology	Added	3,659	+20	$1,587,896	+13.8%	0.31%
TSCO	Tractor Supply Co /De/ Consumer Cyclical	Reduced	34,964	-461	$1,583,869	−10.6%	0.31%
PAYX	Paychex Inc Technology	Reduced	16,756	-450	$1,543,562	−20.0%	0.30%