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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 | |
|---|---|---|---|---|---|---|
201
Ametek
AME
$54.2B
| – | – |
-2,061
| Closed | -$303K |
|
202
BP
BP
$109B
| – | – |
-24,565
| Closed | -$654K |
|
203
Copart
CPRT
$30.5B
| – | – |
-10,044
| Closed | -$380K |
|
204
Cintas
CTAS
$81.7B
| – | – |
-2,744
| Closed | -$304K |
|
|
205
Danaher
DHR
$152B
| – | – |
-40,490
| Closed | -$11.8M |
|
|
DOCU
206
DocuSign
DOCU
$12.2B
| – | – |
-1,416
| Closed | -$215K |
|
207
Ecolab
ECL
$80.4B
| – | – |
-9,734
| Closed | -$2.28M |
|
208
Emerson Electric
EMR
$86.6B
| – | – |
-20,156
| Closed | -$1.87M |
|
209
Fortive
FTV
$18B
| – | – |
-34,701
| Closed | -$1.99M |
|
210
Goldman Sachs BDC
GSBD
$1.14B
| – | – |
-14,790
| Closed | -$283K |
|
211
Halliburton
HAL
$30.1B
| – | – |
-11,000
| Closed | -$251K |
|
|
HDV
212
iShares Core High Dividend ETF
HDV
$15.2B
| – | – |
-79,525
| Closed | -$1.61M |
|
213
Howard Hughes
HHH
$3.87B
| – | – |
-2,669
| Closed | -$258K |
|
214
Intercontinental Exchange
ICE
$91.1B
| – | – |
-17,655
| Closed | -$2.41M |
|
215
Illinois Tool Works
ITW
$79.8B
| – | – |
-16,270
| Closed | -$4.01M |
|
216
KLA
KLAC
$229B
| – | – |
-14,370
| Closed | -$618K |
|
217
Kimberly-Clark
KMB
$36.4B
| – | – |
-7,474
| Closed | -$1.07M |
|
218
Linde
LIN
$226B
| – | – |
-10,064
| Closed | -$3.49M |
|
219
Lincoln National
LNC
$8.29B
| – | – |
-16,039
| Closed | -$1.09M |
|
220
Lowe's Companies
LOW
$117B
| – | – |
-902
| Closed | -$233K |
|
221
McDonald's
MCD
$188B
| – | – |
-1,237
| Closed | -$331K |
|
222
MongoDB
MDB
$35.9B
| – | – |
-575
| Closed | -$304K |
|
223
McCormick & Company Non-Voting
MKC
$14.9B
| – | – |
-23,106
| Closed | -$2.23M |
|
224
Altria Group
MO
$115B
| – | – |
-4,477
| Closed | -$212K |
|
225
Netflix
NFLX
$340B
| – | – |
-4,800
| Closed | -$289K |
|
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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.