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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 | |
|---|---|---|---|---|---|---|---|
|
201
Energy Transfer Partners
ET
$69.8B
| – | – |
-181,624
| Closed | -$2.55M | – |
|
|
202
FedEx
FDX
$69.5B
| – | – |
-8,187
| Closed | -$2.17M | – |
|
203
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$10.4B
| – | – |
-9,918
| Closed | -$260K | – |
|
204
Gilead Sciences
GILD
$194B
| – | – |
-6,791
| Closed | -$509K | – |
|
205
Goldman Sachs
GS
$256B
| – | – |
-1,293
| Closed | -$418K | – |
|
206
Hewlett Packard
HPE
$73.2B
| – | – |
-29,011
| Closed | -$504K | – |
|
207
HP
HPQ
$27.1B
| – | – |
-24,979
| Closed | -$642K | – |
|
208
Linde
LIN
$230B
| – | – |
-742
| Closed | -$276K | – |
|
|
209
Markel Group
MKL
$22.9B
| – | – |
-1,817
| Closed | -$2.68M | – |
|
210
MPLX
MPLX
$59B
| – | – |
-8,103
| Closed | -$288K | – |
|
211
Novartis
NVS
$286B
| – | – |
-5,368
| Closed | -$547K | – |
|
212
Plains GP Holdings
PAGP
$5.43B
| – | – |
-69,503
| Closed | -$1.12M | – |
|
213
Rockwell Automation
ROK
$47.3B
| – | – |
-983
| Closed | -$281K | – |
|
214
TE Connectivity
TEL
$61.6B
| – | – |
-3,418
| Closed | -$422K | – |
|
215
Viper Energy
VNOM
$8.75B
| – | – |
-19,560
| Closed | -$545K | – |
|
216
Western Midstream Partners
WES
$18.4B
| – | – |
-25,542
| Closed | -$696K | – |
|
217
Wells Fargo
WFC
$252B
| – | – |
-6,191
| Closed | -$253K | – |
|
218
Williams Companies
WMB
$87.2B
| – | – |
-23,935
| Closed | -$806K | – |
|
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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.