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TNA
True North Advisors Portfolio holdings
AUM
$1.05B
Turnover
25.41%
1-Year Est. Return
22.99%
This Fund
S&P 500
This Quarter
Est. Return
-0.94%
1 Year Est. Return
+22.99%
3 Year Est. Return
+86.85%
5 Year Est. Return
+121.39%
10 Year Est. Return
–
AUM
$564M
AUM Growth
+$140M
(+33%)
Cap. Flow
+$152M
Cap. Flow
% of AUM
26.98%
Top 10 Holdings %
Top 10 Hldgs %
46.34%
Holding
253
New
68
Increased
62
Reduced
66
Closed
10
Avg Time Held
1.7
years
Top 10 Avg Time Held
1.9
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Small-Cap ETF
VB
|
+$19.9M |
| 2 |
Janus Henderson Mortgage-Backed Securities ETF
JMBS
|
+$17.2M |
| 3 |
iShares US Treasury Bond ETF
GOVT
|
+$15.7M |
| 4 |
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
|
+$11.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$7.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lennox International
LII
|
+$2.34M |
| 2 |
iShares 10-20 Year Treasury Bond ETF
TLH
|
+$2.23M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$1.95M |
| 4 |
State Street DoubleLine Total Return Tactical ETF
TOTL
|
+$1.05M |
| 5 |
Broadcom
AVGO
|
+$1.01M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 26.87% |
| 2 | Industrials | 21.58% |
| 3 | Financials | 14.6% |
| 4 | Technology | 12.09% |
| 5 | Healthcare | 4.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
UnitedHealth
UNH
$360B
| $832K | 0.15% |
1,589
-171
| -10% | -$87.4K |
2020 Q2
19 quarters
|
|
102
Oracle
ORCL
$389B
| $831K | 0.15% |
5,941
-86
| -1% | -$14K |
2019 Q4
21 quarters
|
|
103
iShares MSCI USA Quality Factor ETF
QUAL
$48.5B
| $811K | 0.14% |
4,745
+1,770
| +59% | +$317K |
2024 Q4
1 quarter
|
|
104
Oshkosh
OSK
$7.84B
| $807K | 0.14% |
+8,580
| New | +$859K |
2025 Q1
0 quarters
|
|
105
Qualcomm
QCOM
$184B
| $804K | 0.14% |
5,234
-4
| -0.1% | -$652 |
2020 Q2
19 quarters
|
|
106
Booking.com
BKNG
$123B
| $797K | 0.14% |
+4,325
| New | +$827K |
2025 Q1
0 quarters
|
|
107
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.2B
| $788K | 0.14% |
9,643
+3,891
| +68% | +$315K |
2024 Q4
1 quarter
|
|
108
Schwab Fundamental International Small Company Index ETF
FNDC
$3.06B
| $783K | 0.14% |
+21,623
| New | +$771K |
2025 Q1
0 quarters
|
|
109
ASML
ASML
$631B
| $739K | 0.13% |
1,116
+147
| +15% | +$107K |
2023 Q4
5 quarters
|
|
110
Mastercard
MA
$541B
| $721K | 0.13% |
1,316
-22
| -2% | -$12K |
2019 Q4
21 quarters
|
|
111
US Physical Therapy
USPH
$1.28B
| $716K | 0.13% |
9,901
+1,145
| +13% | +$96.1K |
2022 Q2
11 quarters
|
|
112
iShares Core S&P Total US Stock Market ETF
ITOT
$95.9B
| $713K | 0.13% |
5,845
+73
| +1% | +$9.41K |
2020 Q2
19 quarters
|
|
113
Vanguard Morningstar Mid-Cap ETF
VO
$106B
| $710K | 0.13% |
10,988
+2,564
| +30% | +$172K |
2024 Q3
2 quarters
|
|
114
PepsiCo
PEP
$179B
| $693K | 0.12% |
4,622
-461
| -9% | -$68.6K |
2019 Q4
21 quarters
|
|
115
RTX Corp
RTX
$261B
| $688K | 0.12% |
5,192
+827
| +19% | +$105K |
2020 Q2
19 quarters
|
|
116
Trane Technologies
TT
$101B
| $678K | 0.12% |
2,013
-275
| -12% | -$99.4K |
2021 Q4
13 quarters
|
|
117
Honeywell
HON
$67B
| $663K | 0.12% |
3,323
-156
| -4% | -$31.6K |
2019 Q4
21 quarters
|
|
118
Colgate-Palmolive
CL
$75B
| $647K | 0.11% |
6,909
+27
| +0.4% | +$2.42K |
2019 Q4
21 quarters
|
|
119
iShares Gold Trust
IAU
$61.8B
| $628K | 0.11% |
10,650
| – | – |
2024 Q2
3 quarters
|
|
120
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.3B
| $627K | 0.11% |
5,428
+26
| +0.5% | +$3.02K |
2024 Q4
1 quarter
|
|
121
Vanguard Total International Stock ETF
VXUS
$161B
| $623K | 0.11% |
10,029
+1
| +0% | +$62 |
2024 Q4
1 quarter
|
|
122
Coca-Cola
KO
$404B
| $621K | 0.11% |
8,671
+99
| +1% | +$6.61K |
2019 Q4
21 quarters
|
|
123
Union Pacific
UNP
$172B
| $609K | 0.11% |
2,576
+40
| +2% | +$9.63K |
2019 Q4
21 quarters
|
|
124
Vanguard FTSE Emerging Markets ETF
VWO
$123B
| $602K | 0.11% |
13,299
+2,826
| +27% | +$127K |
2023 Q2
7 quarters
|
|
125
Mercado Libre
MELI
$93B
| $595K | 0.11% |
305
+20
| +7% | +$39.7K |
2022 Q3
10 quarters
|
|
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KCP
True North Advisors's Q1 2025 Portfolio in Review
As of Q1 2025, True North Advisors held 253 positions worth $564M, up 33% from $424M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
True North Advisors deployed $152M of net new capital in Q1 2025, opening 68 new positions and adding to 62 existing holdings. Its largest new stake was Vanguard Morningstar Small-Cap ETF: 83,262 shares worth $18.5M.
By sector, the portfolio is most concentrated in Miscellaneous at 27% of assets, up from 8.1% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Lennox International, an estimated $2.34M trimmed.
- True North Advisors's largest Q1 2025 buy was Vanguard Morningstar Small-Cap ETF: 83,262 shares worth $18.5M.
- True North Advisors added most to ExxonMobil in Q1 2025, an estimated $2.21M increase.
- True North Advisors's biggest Q1 2025 reduction was Lennox International, cutting an estimated $2.34M.
- True North Advisors fully exited iShares 10-20 Year Treasury Bond ETF in Q1 2025, selling an estimated $2.23M.
- True North Advisors's ten largest holdings make up 46% of its $564M portfolio in Q1 2025.
- True North Advisors opened 68 new positions and closed 10 in Q1 2025.
- True North Advisors's portfolio value rose 33% quarter-over-quarter to $564M.
Based on True North Advisors's 13F filing for Q1 2025, filed 12 May 2025.