True North Advisors, LLC
Filing Date
Global Rank
#2,567
/ 8,578
▼ 121
Top Industry
Building Products & Equipment
16.4%
3Y Alpha vs SPY
-3.2%
Period ended 3 months ago
Filed May 7, 2026 · 39d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+63.9%
SPY
+77.5%
Annualised alpha
-3.2%
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, 2025Top 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 |
|---|---|---|
| Technology | 30.0% | $154,410,183 |
| Industrials | 21.3% | $109,526,933 |
| Financial Services | 13.3% | $68,503,569 |
| Consumer Cyclical | 9.3% | $47,868,786 |
| Unclassified | 7.6% | $39,029,666 |
| Healthcare | 5.0% | $25,934,413 |
| Consumer Defensive | 3.9% | $19,849,027 |
| Basic Materials | 3.4% | $17,341,289 |
| Energy | 3.2% | $16,449,664 |
| Communication Services | 2.4% | $12,563,493 |
| Utilities | 0.7% | $3,592,663 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | |
| ISRG | Intuitive Surgical Inc | +366 | 2,385 | $1,099,461 | |
| LMT | Lockheed Martin Corp | +366 | 3,378 | $2,041,629 | |
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
22 positions ·
$25,934,413 total
· Healthcare only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 18,627 | $4,051,186 | 15.62% | |
| SYK |
Stryker Corp
Healthcare
|
Added | 9,498 | $3,120,947 | 12.03% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 3,260 | $2,998,450 | 11.56% | |
| ABT |
Abbott Laboratories
Healthcare
|
Reduced | 18,807 | $1,930,914 | 7.45% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 7,128 | $1,742,368 | 6.72% | |
| PFE |
Pfizer Inc
Healthcare
|
Reduced | 47,318 | $1,328,689 | 5.12% | |
| RMD |
Resmed Inc
Healthcare
|
Reduced | 5,422 | $1,217,130 | 4.69% | |
| ZTS |
Zoetis Inc.
Healthcare
|
Reduced | 10,236 | $1,209,997 | 4.67% | |
| ISRG |
Intuitive Surgical Inc
Healthcare
|
Added | 2,385 | $1,099,461 | 4.24% | |
| USPH |
U S Physical Therapy Inc /Nv
Healthcare
|
Added | 14,388 | $1,078,524 | 4.16% | |
| IDXX |
Idexx Laboratories Inc /De
Healthcare
|
NEW | 1,411 | $792,826 | 3.06% | |
| HCA |
HCA Healthcare, Inc.
Healthcare
|
Reduced | 1,426 | $674,840 | 2.60% | |
| MTD |
Mettler Toledo International Inc/
Healthcare
|
NEW | 491 | $619,249 | 2.39% | |
| AMGN |
Amgen Inc
Healthcare
|
Added | 1,720 | $605,182 | 2.33% | |
| AZN |
Astrazeneca PLC
Healthcare
|
NEW | 2,815 | $555,174 | 2.14% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Reduced | 4,585 | $551,529 | 2.13% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Reduced | 2,005 | $542,532 | 2.09% | |
| GEHC |
GE HealthCare Technologies Inc.
Healthcare
|
Reduced | 6,910 | $491,853 | 1.90% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Reduced | 985 | $484,157 | 1.87% | |
| BMY |
Bristol Myers Squibb Co
Healthcare
|
NEW | 5,148 | $312,226 | 1.20% | |
| DGX |
Quest Diagnostics Inc
Healthcare
|
Reduced | 1,530 | $299,849 | 1.16% | |
| DHR |
Danaher Corp /De/
Healthcare
|
Reduced | 1,199 | $227,330 | 0.88% |