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TNA
True North Advisors Portfolio holdings
AUM
$1.05B
1-Year Est. Return
22.99%
This Fund
S&P 500
This Quarter
Est. Return
+14.65%
1 Year Est. Return
+22.99%
3 Year Est. Return
+86.85%
5 Year Est. Return
+121.39%
10 Year Est. Return
–
AUM
$1.05B
AUM Growth
+$169M
(+19%)
Cap. Flow
+$70M
Cap. Flow
% of AUM
6.69%
Top 10 Holdings %
Top 10 Hldgs %
43.01%
Holding
307
New
62
Increased
83
Reduced
125
Closed
16
Avg Time Held
7.3
quarters
Top 10 Avg Time Held
7.6
quarters
Top 20 Avg Time Held
6.2
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$33.2M |
| 2 |
iShares Gold Trust
IAU
|
+$7.44M |
| 3 |
PIMCO Municipal Income Opportunities Active ETF
MINO
|
+$6.4M |
| 4 |
Enterprise Products Partners
EPD
|
+$5.67M |
| 5 |
Avantis International Equity ETF
AVDE
|
+$4.47M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.73M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$3.79M |
| 3 |
JPMorgan Equity Premium Income ETF
JEPI
|
+$2.55M |
| 4 |
Lennox International
LII
|
+$2.38M |
| 5 |
Morgan Stanley
MS
|
+$1.98M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 44.29% |
| 2 | Technology | 18.47% |
| 3 | Industrials | 12.41% |
| 4 | Financials | 6.82% |
| 5 | Consumer Discretionary | 4.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Lennox International
LII
$12.1B
| $92.3M | 8.83% |
161,110
-4,682
| -3% | -$2.38M |
2023 Q1
13 quarters
|
|
2
Apple
AAPL
$4.98T
| $86.9M | 8.31% |
300,395
+759
| +0.3% | +$217K |
2019 Q4
26 quarters
|
|
3
Schwab Fundamental US Large Company Index ETF
FNDX
$27.9B
| $66.6M | 6.37% |
2,140,879
+67,040
| +3% | +$2.02M |
2026 Q1
1 quarter
|
|
4
Avantis International Small Cap Equity ETF
AVDS
$358M
| $33.8M | 3.23% |
449,544
+40,504
| +10% | +$3.12M |
2025 Q4
2 quarters
|
|
|
5
Alphabet (Google) Class A
GOOGL
$4.33T
| $32.8M | 3.13% |
+92,303
| New | +$33.2M |
2026 Q2
0 quarters
|
|
6
Amazon
AMZN
$2.79T
| $31.6M | 3.02% |
132,550
-2,454
| -2% | -$616K |
2019 Q4
26 quarters
|
|
|
7
State Street SPDR S&P 500 ETF Trust
SPY
$822B
| $31.1M | 2.97% |
41,616
-6,525
| -14% | -$4.73M |
2025 Q1
5 quarters
|
|
8
NVIDIA
NVDA
$5.52T
| $27.6M | 2.64% |
138,090
+6,165
| +5% | +$1.27M |
2021 Q2
20 quarters
|
|
|
9
Berkshire Hathaway Class B
BRK.B
$1.11T
| $24.6M | 2.36% |
49,257
-7,883
| -14% | -$3.79M |
2019 Q4
26 quarters
|
|
10
Vanguard FTSE Developed Markets ETF
VEA
$230B
| $22.5M | 2.15% |
316,111
+30,022
| +10% | +$2.09M |
2025 Q4
2 quarters
|
|
11
JPMorgan Income ETF
JPIE
$11B
| $22.5M | 2.15% |
488,499
-31,106
| -6% | -$1.43M |
2026 Q1
1 quarter
|
|
12
PIMCO Multi Sector Bond Active ETF
PYLD
$15.9B
| $19.1M | 1.83% |
720,470
-49,249
| -6% | -$1.3M |
2026 Q1
1 quarter
|
|
13
TCW Flexible Income ETF
FLXR
$3.62B
| $19M | 1.82% |
484,709
-24,204
| -5% | -$949K |
2025 Q4
2 quarters
|
|
14
Vanguard Morningstar Small-Cap ETF
VB
$77.9B
| $18.7M | 1.79% |
61,751
-894
| -1% | -$256K |
2025 Q4
2 quarters
|
|
15
Bank of America
BAC
$377B
| $15M | 1.44% |
264,025
-1,093
| -0.4% | -$58.1K |
2020 Q2
24 quarters
|
|
16
Schwab US Broad Market ETF
SCHB
$45.3B
| $14.8M | 1.42% |
511,653
+6,855
| +1% | +$192K |
2025 Q4
2 quarters
|
|
17
Avantis Emerging Markets Equity ETF
AVEM
$28.1B
| $14.6M | 1.39% |
151,215
+46,636
| +45% | +$4.3M |
2026 Q1
1 quarter
|
|
18
Microsoft
MSFT
$4.04T
| $14.6M | 1.39% |
39,011
+328
| +0.8% | +$133K |
2019 Q4
26 quarters
|
|
19
Invesco S&P 500 Equal Weight ETF
RSP
$97.4B
| $13.8M | 1.32% |
64,882
+5,307
| +9% | +$1.09M |
2025 Q4
2 quarters
|
|
20
iShares Core MSCI International Developed Markets ETF
IDEV
$33B
| $13M | 1.24% |
146,012
-1,886
| -1% | -$167K |
2025 Q4
2 quarters
|
|
21
JPMorgan US Quality Factor ETF
JQUA
$9.26B
| $12.1M | 1.16% |
167,310
+183
| +0.1% | +$12.4K |
2025 Q4
2 quarters
|
|
|
22
Avantis International Equity ETF
AVDE
$19.2B
| $10.7M | 1.02% |
119,722
+49,840
| +71% | +$4.47M |
2025 Q4
2 quarters
|
|
23
Costco
COST
$423B
| $10.1M | 0.96% |
10,770
-165
| -2% | -$164K |
2020 Q4
22 quarters
|
|
24
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.29B
| $9.96M | 0.95% |
221,276
-5,463
| -2% | -$247K |
2025 Q4
2 quarters
|
|
25
Meta Platforms (Facebook)
META
$1.94T
| $9.93M | 0.95% |
17,631
-1,082
| -6% | -$662K |
2020 Q2
24 quarters
|
|
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True North Advisors's Q2 2026 Portfolio in Review
As of Q2 2026, True North Advisors held 307 positions worth $1.05B, up 19% from $877M the previous quarter. Its ten largest holdings account for 43% of the portfolio.
True North Advisors deployed $70M of net new capital in Q2 2026, opening 62 new positions and adding to 83 existing holdings. Its largest new stake was Alphabet (Google) Class A: 92,303 shares worth $32.8M.
By sector, the portfolio is most concentrated in Miscellaneous at 44% of assets, down from 46% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $4.73M trimmed.
- True North Advisors's largest Q2 2026 buy was Alphabet (Google) Class A: 92,303 shares worth $32.8M.
- True North Advisors added most to Avantis International Equity ETF in Q2 2026, an estimated $4.47M increase.
- True North Advisors's biggest Q2 2026 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.73M.
- True North Advisors fully exited JPMorgan Equity Premium Income ETF in Q2 2026, selling an estimated $2.55M.
- True North Advisors's ten largest holdings make up 43% of its $1.05B portfolio in Q2 2026.
- True North Advisors opened 62 new positions and closed 16 in Q2 2026.
- True North Advisors's portfolio value rose 19% quarter-over-quarter to $1.05B.
Based on True North Advisors's 13F filing for Q2 2026, filed 22 Jul 2026.