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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
-0.18%
1 Year Est. Return
+22.99%
3 Year Est. Return
+86.85%
5 Year Est. Return
+121.39%
10 Year Est. Return
–
AUM
$372M
AUM Growth
-$220M
(-37%)
Cap. Flow
-$195M
Cap. Flow
% of AUM
-52.4%
Top 10 Holdings %
Top 10 Hldgs %
43.25%
Holding
243
New
17
Increased
33
Reduced
113
Closed
46
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street DoubleLine Total Return Tactical ETF
TOTL
|
+$3.1M |
| 2 |
Schwab US Aggregate Bond ETF
SCHZ
|
+$2.05M |
| 3 |
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
|
+$1.55M |
| 4 |
Vanguard Mortgage-Backed Securities ETF
VMBS
|
+$1.14M |
| 5 |
Vanguard Ultra-Short Bond ETF
VUSB
|
+$971K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$17.4M |
| 2 |
Dow Inc
DOW
|
+$14.8M |
| 3 |
DuPont de Nemours
DD
|
+$14.2M |
| 4 |
Corteva
CTVA
|
+$13.1M |
| 5 |
Danaher
DHR
|
+$11.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 20.02% |
| 2 | Industrials | 18.62% |
| 3 | Financials | 16.57% |
| 4 | Technology | 11.68% |
| 5 | Energy | 8.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Nike
NKE
$58.7B
| – | – |
-1,591
| Closed | -$265K |
|
227
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.83B
| – | – |
-8,385
| Closed | -$321K |
|
228
PayPal
PYPL
$45.9B
| – | – |
-3,037
| Closed | -$572K |
|
229
PIMCO RAFI ESG US ETF
RAFE
$171M
| – | – |
-37,194
| Closed | -$1.23M |
|
230
ResMed
RMD
$34.7B
| – | – |
-32,100
| Closed | -$8.36M |
|
231
Starbucks
SBUX
$123B
| – | – |
-97,676
| Closed | -$11.4M |
|
232
Shopify
SHOP
$197B
| – | – |
-2,420
| Closed | -$333K |
|
233
Stryker
SYK
$127B
| – | – |
-900
| Closed | -$240K |
|
234
Trex
TREX
$4.66B
| – | – |
-1,504
| Closed | -$203K |
|
235
United Parcel Service
UPS
$89.6B
| – | – |
-11,328
| Closed | -$2.43M |
|
236
iShares Core US REIT ETF
USRT
$4.59B
| – | – |
-5,454
| Closed | -$368K |
|
237
Veeva Systems
VEEV
$44.8B
| – | – |
-8,357
| Closed | -$2.13M |
|
238
Vontier
VNT
$4.43B
| – | – |
-10,460
| Closed | -$321K |
|
239
Verisk Analytics
VRSK
$25B
| – | – |
-17,100
| Closed | -$3.91M |
|
240
Verizon
VZ
$208B
| – | – |
-7,010
| Closed | -$364K |
|
241
Workday
WDAY
$49.3B
| – | – |
-1,327
| Closed | -$362K |
|
242
Zoetis
ZTS
$32B
| – | – |
-32,294
| Closed | -$7.88M |
|
|
ACBI
243
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| – | – |
-8,714
| Closed | -$250K |
|
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True North Advisors's Q1 2022 Portfolio in Review
As of Q1 2022, True North Advisors held 243 positions worth $372M, down 37% from $592M the previous quarter. Its ten largest holdings account for 43% of the portfolio.
True North Advisors withdrew a net $195M in Q1 2022, closing 46 positions and reducing 113 holdings. Its most notable exit was Danaher, an estimated $11.8M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 20% of assets, up from 15% a quarter earlier, followed by Industrials and Financials.
Against the trend, True North Advisors opened a new position in State Street DoubleLine Total Return Tactical ETF worth $3.02M.
- True North Advisors's largest Q1 2022 buy was State Street DoubleLine Total Return Tactical ETF: 67,498 shares worth $3.02M.
- True North Advisors added most to State Street SPDR Portfolio Developed World ex-US ETF in Q1 2022, an estimated $1.55M increase.
- True North Advisors's biggest Q1 2022 reduction was Microsoft, cutting an estimated $17.4M.
- True North Advisors fully exited Danaher in Q1 2022, selling an estimated $11.8M.
- True North Advisors's ten largest holdings make up 43% of its $372M portfolio in Q1 2022.
- True North Advisors opened 17 new positions and closed 46 in Q1 2022.
- True North Advisors's portfolio value fell 37% quarter-over-quarter to $372M.
Based on True North Advisors's 13F filing for Q1 2022, filed 12 May 2022.