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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
+10.87%
1 Year Est. Return
+22.99%
3 Year Est. Return
+86.85%
5 Year Est. Return
+121.39%
10 Year Est. Return
–
AUM
$389M
AUM Growth
+$64.8M
(+20%)
Cap. Flow
+$29.5M
Cap. Flow
% of AUM
7.57%
Top 10 Holdings %
Top 10 Hldgs %
59.12%
Holding
218
New
27
Increased
54
Reduced
85
Closed
29
Avg Time Held
1.9
years
Top 10 Avg Time Held
1.8
years
Top 20 Avg Time Held
1.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab Intermediately-Term US Treasury ETF
SCHR
|
+$26M |
| 2 |
State Street DoubleLine Total Return Tactical ETF
TOTL
|
+$19.2M |
| 3 |
State Street SPDR Portfolio Mortgage Backed Bond ETF
SPMB
|
+$6.6M |
| 4 |
Apollo Global Management
APO
|
+$2.75M |
| 5 |
iShares Intermediate Government/Credit Bond ETF
GVI
|
+$2.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Markel Group
MKL
|
+$2.68M |
| 2 |
Energy Transfer Partners
ET
|
+$2.55M |
| 3 |
FedEx
FDX
|
+$2.17M |
| 4 |
Comcast
CMCSA
|
+$1.76M |
| 5 |
UnitedHealth
UNH
|
+$1.23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 26.04% |
| 2 | Miscellaneous | 25.76% |
| 3 | Technology | 11.6% |
| 4 | Financials | 11.54% |
| 5 | Energy | 4.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
176
CVS Health
CVS
$118B
| $216K | 0.06% |
2,733
-194
| -7% | -$13.8K |
2020 Q2
14 quarters
|
|
177
Philip Morris
PM
$320B
| $215K | 0.06% |
2,290
-190
| -8% | -$17.5K |
2023 Q2
2 quarters
|
|
178
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.4B
| $215K | 0.06% |
+2,141
| New | +$208K |
2023 Q4
0 quarters
|
|
179
Cisco
CSCO
$423B
| $215K | 0.06% |
4,249
-4,846
| -53% | -$248K |
2020 Q2
14 quarters
|
|
180
Loews
L
$22.6B
| $214K | 0.06% |
+3,082
| New | +$205K |
2023 Q4
0 quarters
|
|
181
Hershey
HSY
$34.3B
| $213K | 0.05% |
1,143
| – | – |
2022 Q2
6 quarters
|
|
182
Aon
AON
$62.1B
| $212K | 0.05% |
729
+2
| +0.3% | +$640 |
2023 Q1
3 quarters
|
|
183
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$55.6B
| $211K | 0.05% |
+3,245
| New | +$200K |
2023 Q4
0 quarters
|
|
184
iShares Russell 1000 ETF
IWB
$48.7B
| $206K | 0.05% |
+785
| New | +$192K |
2023 Q4
0 quarters
|
|
185
Ventas
VTR
$44B
| $205K | 0.05% |
+4,113
| New | +$184K |
2023 Q4
0 quarters
|
|
186
Lucid Motors
LCID
$1.23B
| $162K | 0.04% |
3,837
| – | – |
2023 Q3
1 quarter
|
|
187
Ouster
OUST
$2.05B
| $112K | 0.03% |
14,555
| – | – |
2023 Q1
3 quarters
|
|
188
Northern Dynasty Minerals
NAK
$498M
| $26.3K | 0.01% |
81,500
| – | – |
2022 Q2
6 quarters
|
|
189
Surf Air Mobility
SRFM
$117M
| $20.6K | 0.01% |
+1,897
| New | +$15.2K |
2023 Q4
0 quarters
|
|
190
Accenture
ACN
$141B
| – | – |
-3,165
| Closed | -$972K | – |
|
191
Analog Devices
ADI
$192B
| – | – |
-1,815
| Closed | -$318K | – |
|
192
Alliance Resource Partners
ARLP
$3.31B
| – | – |
-16,176
| Closed | -$364K | – |
|
193
Broadcom
AVGO
$1.57T
| – | – |
-14,090
| Closed | -$1.17M | – |
|
194
BHP
BHP
$212B
| – | – |
-5,346
| Closed | -$304K | – |
|
195
Booking.com
BKNG
$123B
| – | – |
-4,450
| Closed | -$549K | – |
|
196
Berkshire Hathaway Class A
BRK.A
$1.14T
| – | – |
-2
| Closed | -$1.06M | – |
|
197
Black Stone Minerals
BSM
$3.2B
| – | – |
-15,545
| Closed | -$268K | – |
|
198
Crown Castle
CCI
$35B
| – | – |
-3,570
| Closed | -$329K | – |
|
199
Cigna
CI
$79.9B
| – | – |
-2,033
| Closed | -$582K | – |
|
200
Equinix
EQIX
$97.3B
| – | – |
-345
| Closed | -$251K | – |
|
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PWA
PWPS
CFA
GKFF
KCP
True North Advisors's Q4 2023 Portfolio in Review
As of Q4 2023, True North Advisors held 218 positions worth $389M, up 20% from $325M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
True North Advisors deployed $29.5M of net new capital in Q4 2023, opening 27 new positions and adding to 54 existing holdings. Its largest new stake was Schwab Intermediately-Term US Treasury ETF: 1,077,236 shares worth $26.8M.
By sector, the portfolio is most concentrated in Industrials at 26% of assets, down from 27% a quarter earlier, followed by Miscellaneous and Technology.
On the sell side, the largest reduction was Comcast, an estimated $1.76M trimmed.
- True North Advisors's largest Q4 2023 buy was Schwab Intermediately-Term US Treasury ETF: 1,077,236 shares worth $26.8M.
- True North Advisors added most to State Street DoubleLine Total Return Tactical ETF in Q4 2023, an estimated $19.2M increase.
- True North Advisors's biggest Q4 2023 reduction was Comcast, cutting an estimated $1.76M.
- True North Advisors fully exited Markel Group in Q4 2023, selling an estimated $2.68M.
- True North Advisors's ten largest holdings make up 59% of its $389M portfolio in Q4 2023.
- True North Advisors opened 27 new positions and closed 29 in Q4 2023.
- True North Advisors's portfolio value rose 20% quarter-over-quarter to $389M.
Based on True North Advisors's 13F filing for Q4 2023, filed 22 Jan 2024.