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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
+5.51%
1 Year Est. Return
+22.99%
3 Year Est. Return
+86.85%
5 Year Est. Return
+121.39%
10 Year Est. Return
–
AUM
$340M
AUM Growth
+$46.7M
(+16%)
Cap. Flow
+$34.8M
Cap. Flow
% of AUM
10.22%
Top 10 Holdings %
Top 10 Hldgs %
42.83%
Holding
209
New
38
Increased
53
Reduced
55
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lennox International
LII
|
+$49.6M |
| 2 |
Texas Pacific Land
TPL
|
+$3.75M |
| 3 |
PCH
PotlatchDeltic
PCH
|
+$2.93M |
| 4 |
Energy Transfer Partners
ET
|
+$2.28M |
| 5 |
HP
HPQ
|
+$1.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street DoubleLine Total Return Tactical ETF
TOTL
|
+$24.8M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$4.63M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.65M |
| 4 |
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
|
+$1.43M |
| 5 |
Hewlett Packard
HPE
|
+$1.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 19.67% |
| 2 | Financials | 16.72% |
| 3 | Technology | 14.03% |
| 4 | Energy | 10.9% |
| 5 | Miscellaneous | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
KYNB
201
Kyntra Bio
KYNB
$32.5M
| – | – |
-600
| Closed | -$240K |
|
|
HQL
202
abrdn Life Sciences Investors
HQL
$637M
| – | – |
-10,075
| Closed | -$143K |
|
203
Northrop Grumman
NOC
$77.5B
| – | – |
-374
| Closed | -$204K |
|
204
News Corp Class A
NWSA
$16.6B
| – | – |
-11,250
| Closed | -$205K |
|
205
Simmons First National
SFNC
$3.28B
| – | – |
-13,316
| Closed | -$287K |
|
|
GAP
206
The Gap Inc
GAP
$8.45B
| – | – |
-13,500
| Closed | -$152K |
|
|
MFGP
207
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| – | – |
-29,776
| Closed | -$188K |
|
|
NID
208
DELISTED
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
| – | – |
-23,000
| Closed | -$302K |
|
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True North Advisors's Q1 2023 Portfolio in Review
As of Q1 2023, True North Advisors held 209 positions worth $340M, up 16% from $293M the previous quarter. Its ten largest holdings account for 43% of the portfolio.
True North Advisors deployed $34.8M of net new capital in Q1 2023, opening 38 new positions and adding to 53 existing holdings. Its largest new stake was Lennox International: 196,664 shares worth $49.4M.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, up from 5.5% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was State Street DoubleLine Total Return Tactical ETF, an estimated $24.8M trimmed.
- True North Advisors's largest Q1 2023 buy was Lennox International: 196,664 shares worth $49.4M.
- True North Advisors added most to Alphabet (Google) Class C in Q1 2023, an estimated $532K increase.
- True North Advisors's biggest Q1 2023 reduction was State Street DoubleLine Total Return Tactical ETF, cutting an estimated $24.8M.
- True North Advisors fully exited iShares MSCI Emerging Markets ETF in Q1 2023, selling an estimated $4.63M.
- True North Advisors's ten largest holdings make up 43% of its $340M portfolio in Q1 2023.
- True North Advisors opened 38 new positions and closed 12 in Q1 2023.
- True North Advisors's portfolio value rose 16% quarter-over-quarter to $340M.
Based on True North Advisors's 13F filing for Q1 2023, filed 15 May 2023.