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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
+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
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SCHR
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 | |
|---|---|---|---|---|---|---|
|
201
Energy Transfer Partners
ET
$73.4B
| – | – |
-181,624
| Closed | -$2.55M |
|
|
202
FedEx
FDX
$78.3B
| – | – |
-8,187
| Closed | -$2.17M |
|
203
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$10.2B
| – | – |
-9,918
| Closed | -$260K |
|
204
Gilead Sciences
GILD
$181B
| – | – |
-6,791
| Closed | -$509K |
|
205
Goldman Sachs
GS
$301B
| – | – |
-1,293
| Closed | -$418K |
|
206
Hewlett Packard
HPE
$69.3B
| – | – |
-29,011
| Closed | -$504K |
|
207
HP
HPQ
$27.5B
| – | – |
-24,979
| Closed | -$642K |
|
208
Linde
LIN
$226B
| – | – |
-742
| Closed | -$276K |
|
|
209
Markel Group
MKL
$22.5B
| – | – |
-1,817
| Closed | -$2.68M |
|
210
MPLX
MPLX
$60.1B
| – | – |
-8,103
| Closed | -$288K |
|
211
Novartis
NVS
$292B
| – | – |
-5,368
| Closed | -$547K |
|
212
Plains GP Holdings
PAGP
$5.54B
| – | – |
-69,503
| Closed | -$1.12M |
|
213
Rockwell Automation
ROK
$47.8B
| – | – |
-983
| Closed | -$281K |
|
214
TE Connectivity
TEL
$58.7B
| – | – |
-3,418
| Closed | -$422K |
|
215
Viper Energy
VNOM
$15.9B
| – | – |
-19,560
| Closed | -$545K |
|
216
Western Midstream Partners
WES
$20B
| – | – |
-25,542
| Closed | -$696K |
|
217
Wells Fargo
WFC
$262B
| – | – |
-6,191
| Closed | -$253K |
|
218
Williams Companies
WMB
$90.2B
| – | – |
-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.