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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
+6.75%
1 Year Est. Return
+22.99%
3 Year Est. Return
+86.85%
5 Year Est. Return
+121.39%
10 Year Est. Return
–
AUM
$630M
AUM Growth
+$108M
(+21%)
Cap. Flow
+$87.1M
Cap. Flow
% of AUM
13.83%
Top 10 Holdings %
Top 10 Hldgs %
56.45%
Holding
258
New
36
Increased
123
Reduced
42
Closed
43
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$43.7M |
| 2 |
Amazon
AMZN
|
+$25.5M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$21M |
| 4 |
NVIDIA
NVDA
|
+$16.6M |
| 5 |
Meta Platforms (Facebook)
META
|
+$13.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Small-Cap ETF
VB
|
+$15.9M |
| 2 |
Janus Henderson Mortgage-Backed Securities ETF
JMBS
|
+$12.1M |
| 3 |
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
|
+$7.28M |
| 4 |
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
|
+$7.15M |
| 5 |
Schwab US Large- Cap ETF
SCHX
|
+$5.93M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.71% |
| 2 | Industrials | 19.51% |
| 3 | Miscellaneous | 13.85% |
| 4 | Financials | 13.03% |
| 5 | Consumer Discretionary | 8.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| – | – |
-10,988
| Closed | -$769K |
|
252
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$12.1B
| – | – |
-5,343
| Closed | -$718K |
|
253
Vanguard Morningstar Total Stock Market ETF
VTI
$687B
| – | – |
-13,168
| Closed | -$4M |
|
254
Vanguard Morningstar Value ETF
VTV
$192B
| – | – |
-1,441
| Closed | -$255K |
|
255
Vanguard Morningstar Growth ETF
VUG
$228B
| – | – |
-3,264
| Closed | -$238K |
|
256
Vanguard Morningstar Large-Cap ETF
VV
$54.3B
| – | – |
-3,729
| Closed | -$1.06M |
|
257
Vanguard FTSE Emerging Markets ETF
VWO
$127B
| – | – |
-6,768
| Closed | -$335K |
|
258
Vanguard High Dividend Yield ETF
VYM
$82.8B
| – | – |
-2,129
| Closed | -$284K |
|
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True North Advisors's Q3 2025 Portfolio in Review
As of Q3 2025, True North Advisors held 258 positions worth $630M, up 21% from $522M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
True North Advisors deployed $87.1M of net new capital in Q3 2025, opening 36 new positions and adding to 123 existing holdings. Its largest new stake was Avantis International Small Cap Value ETF: 87,812 shares worth $7.82M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 15% a quarter earlier, followed by Industrials and Miscellaneous.
On the sell side, the largest reduction was Lennox International, an estimated $2.25M trimmed.
- True North Advisors's largest Q3 2025 buy was Avantis International Small Cap Value ETF: 87,812 shares worth $7.82M.
- True North Advisors added most to Apple in Q3 2025, an estimated $43.7M increase.
- True North Advisors's biggest Q3 2025 reduction was Lennox International, cutting an estimated $2.25M.
- True North Advisors fully exited Vanguard Morningstar Small-Cap ETF in Q3 2025, selling an estimated $15.9M.
- True North Advisors's ten largest holdings make up 56% of its $630M portfolio in Q3 2025.
- True North Advisors opened 36 new positions and closed 43 in Q3 2025.
- True North Advisors's portfolio value rose 21% quarter-over-quarter to $630M.
Based on True North Advisors's 13F filing for Q3 2025, filed 14 Oct 2025.