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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
+6.14%
1 Year Est. Return
+22.99%
3 Year Est. Return
+86.85%
5 Year Est. Return
+121.39%
10 Year Est. Return
–
AUM
$522M
AUM Growth
-$42.3M
(-7.5%)
Cap. Flow
-$61.7M
Cap. Flow
% of AUM
-11.82%
Top 10 Holdings %
Top 10 Hldgs %
46.72%
Holding
255
New
12
Increased
67
Reduced
108
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$1.45M |
| 2 |
CarMax
KMX
|
+$1.18M |
| 3 |
Broadcom
AVGO
|
+$1.12M |
| 4 |
Motorola Solutions
MSI
|
+$1.1M |
| 5 |
NVIDIA
NVDA
|
+$1.07M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$6.07M |
| 2 |
iShares US Treasury Bond ETF
GOVT
|
+$5.28M |
| 3 |
Janus Henderson Mortgage-Backed Securities ETF
JMBS
|
+$5.22M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$4.6M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$4.35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.85% |
| 2 | Miscellaneous | 24.46% |
| 3 | Technology | 14.98% |
| 4 | Financials | 13.02% |
| 5 | Consumer Discretionary | 5.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Lennox International
LII
$13.6B
| $104M | 19.95% |
181,586
+367
| +0.2% | +$205K |
|
2
Berkshire Hathaway Class B
BRK.B
$1.08T
| $39.1M | 7.49% |
80,455
-2,527
| -3% | -$1.28M |
|
3
Apple
AAPL
$4.67T
| $22.8M | 4.38% |
111,335
+2,982
| +3% | +$602K |
|
4
Vanguard Morningstar Small-Cap ETF
VB
$81.3B
| $15.9M | 3.05% |
67,103
-16,159
| -19% | -$3.6M |
|
5
Microsoft
MSFT
$3.81T
| $13.1M | 2.52% |
26,427
-3,163
| -11% | -$1.37M |
|
|
6
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.72B
| $12.1M | 2.32% |
269,270
-117,182
| -30% | -$5.22M |
|
|
7
iShares US Treasury Bond ETF
GOVT
$44.3B
| $10.6M | 2.04% |
462,344
-231,967
| -33% | -$5.28M |
|
8
Costco
COST
$419B
| $9.59M | 1.84% |
9,685
+319
| +3% | +$317K |
|
|
9
Broadcom
AVGO
$1.75T
| $9.09M | 1.74% |
32,993
+5,136
| +18% | +$1.12M |
|
10
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
$3.14B
| $7.28M | 1.4% |
141,748
+10,961
| +8% | +$559K |
|
11
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.6B
| $7.15M | 1.37% |
73,494
-42,347
| -37% | -$4.05M |
|
12
ExxonMobil
XOM
$644B
| $6.95M | 1.33% |
64,513
-6,606
| -9% | -$706K |
|
13
GE Aerospace
GE
$355B
| $6.35M | 1.22% |
24,672
-34
| -0.1% | -$7.46K |
|
14
Fastenal
FAST
$57.1B
| $5.94M | 1.14% |
141,350
-9,988
| -7% | -$405K |
|
15
Schwab US Large- Cap ETF
SCHX
$74.3B
| $5.93M | 1.14% |
242,746
-58,352
| -19% | -$1.32M |
|
16
Amazon
AMZN
$2.87T
| $5.73M | 1.1% |
26,117
-3,846
| -13% | -$761K |
|
17
Visa
V
$712B
| $5.37M | 1.03% |
15,124
-1,054
| -7% | -$367K |
|
|
18
NVIDIA
NVDA
$5.25T
| $5.21M | 1% |
32,971
+8,488
| +35% | +$1.07M |
|
19
JPMorgan Chase
JPM
$951B
| $5.19M | 0.99% |
17,904
-2,755
| -13% | -$703K |
|
20
iShares Russell 1000 Growth ETF
IWF
$126B
| $5.1M | 0.98% |
48,076
-8,800
| -15% | -$841K |
|
|
21
CarMax
KMX
$8.81B
| $4.99M | 0.96% |
74,292
+17,513
| +31% | +$1.18M |
|
22
Enterprise Products Partners
EPD
$84.3B
| $4.67M | 0.89% |
150,553
-748
| -0.5% | -$23.3K |
|
23
Corteva
CTVA
$56B
| $4.51M | 0.86% |
60,476
+23
| +0% | +$1.53K |
|
24
Vanguard Morningstar Total Stock Market ETF
VTI
$687B
| $4M | 0.77% |
13,168
+14
| +0.1% | +$3.94K |
|
25
State Street SPDR S&P 500 ETF Trust
SPY
$825B
| $3.61M | 0.69% |
5,841
-1,123
| -16% | -$642K |
|
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True North Advisors's Q2 2025 Portfolio in Review
As of Q2 2025, True North Advisors held 255 positions worth $522M, down 7.5% from $564M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
True North Advisors withdrew a net $61.7M in Q2 2025, closing 33 positions and reducing 108 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $6.07M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 22% a quarter earlier, followed by Miscellaneous and Technology.
Against the trend, True North Advisors opened a new position in Motorola Solutions worth $1.1M.
- True North Advisors's largest Q2 2025 buy was Motorola Solutions: 2,627 shares worth $1.1M.
- True North Advisors added most to Meta Platforms (Facebook) in Q2 2025, an estimated $1.45M increase.
- True North Advisors's biggest Q2 2025 reduction was iShares US Treasury Bond ETF, cutting an estimated $5.28M.
- True North Advisors fully exited Alphabet (Google) Class C in Q2 2025, selling an estimated $6.07M.
- True North Advisors's ten largest holdings make up 47% of its $522M portfolio in Q2 2025.
- True North Advisors opened 12 new positions and closed 33 in Q2 2025.
- True North Advisors's portfolio value fell 7.5% quarter-over-quarter to $522M.
Based on True North Advisors's 13F filing for Q2 2025, filed 16 Jul 2025.