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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
Avg Time Held
8.2
quarters
Top 10 Avg Time Held
8.2
quarters
Top 20 Avg Time Held
5.5
quarters
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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
Lennox International
LII
$12.1B
| $104M | 19.95% |
181,586
+367
| +0.2% | +$205K |
2023 Q1
9 quarters
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.11T
| $39.1M | 7.49% |
80,455
-2,527
| -3% | -$1.28M |
2019 Q4
22 quarters
|
|
3
Apple
AAPL
$4.98T
| $22.8M | 4.38% |
111,335
+2,982
| +3% | +$602K |
2019 Q4
22 quarters
|
|
4
Vanguard Morningstar Small-Cap ETF
VB
$77.9B
| $15.9M | 3.05% |
67,103
-16,159
| -19% | -$3.6M |
2025 Q1
1 quarter
|
|
5
Microsoft
MSFT
$4.04T
| $13.1M | 2.52% |
26,427
-3,163
| -11% | -$1.37M |
2019 Q4
22 quarters
|
|
|
6
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.29B
| $12.1M | 2.32% |
269,270
-117,182
| -30% | -$5.22M |
2025 Q1
1 quarter
|
|
|
7
iShares US Treasury Bond ETF
GOVT
$41.8B
| $10.6M | 2.04% |
462,344
-231,967
| -33% | -$5.28M |
2025 Q1
1 quarter
|
|
8
Costco
COST
$423B
| $9.59M | 1.84% |
9,685
+319
| +3% | +$317K |
2020 Q4
18 quarters
|
|
|
9
Broadcom
AVGO
$1.71T
| $9.09M | 1.74% |
32,993
+5,136
| +18% | +$1.12M |
2024 Q1
5 quarters
|
|
10
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
$3.21B
| $7.28M | 1.4% |
141,748
+10,961
| +8% | +$559K |
2025 Q1
1 quarter
|
|
11
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.34B
| $7.15M | 1.37% |
73,494
-42,347
| -37% | -$4.05M |
2025 Q1
1 quarter
|
|
12
ExxonMobil
XOM
$716B
| $6.95M | 1.33% |
64,513
-6,606
| -9% | -$706K |
2019 Q4
22 quarters
|
|
13
GE Aerospace
GE
$319B
| $6.35M | 1.22% |
24,672
-34
| -0.1% | -$7.46K |
2022 Q4
10 quarters
|
|
14
Fastenal
FAST
$59B
| $5.94M | 1.14% |
141,350
-9,988
| -7% | -$405K |
2019 Q4
22 quarters
|
|
15
Schwab US Large- Cap ETF
SCHX
$75.2B
| $5.93M | 1.14% |
242,746
-58,352
| -19% | -$1.32M |
2025 Q1
1 quarter
|
|
16
Amazon
AMZN
$2.79T
| $5.73M | 1.1% |
26,117
-3,846
| -13% | -$761K |
2019 Q4
22 quarters
|
|
17
Visa
V
$744B
| $5.37M | 1.03% |
15,124
-1,054
| -7% | -$367K |
2019 Q4
22 quarters
|
|
|
18
NVIDIA
NVDA
$5.52T
| $5.21M | 1% |
32,971
+8,488
| +35% | +$1.07M |
2021 Q2
16 quarters
|
|
19
JPMorgan Chase
JPM
$880B
| $5.19M | 0.99% |
17,904
-2,755
| -13% | -$703K |
2019 Q4
22 quarters
|
|
20
iShares Russell 1000 Growth ETF
IWF
$130B
| $5.1M | 0.98% |
48,076
-8,800
| -15% | -$841K |
2025 Q1
1 quarter
|
|
|
21
CarMax
KMX
$7.21B
| $4.99M | 0.96% |
74,292
+17,513
| +31% | +$1.18M |
2022 Q4
10 quarters
|
|
22
Enterprise Products Partners
EPD
$77.8B
| $4.67M | 0.89% |
150,553
-748
| -0.5% | -$23.3K |
2025 Q1
1 quarter
|
|
23
Corteva
CTVA
$8.91B
| $4.51M | 0.86% |
60,476
+23
| +0% | +$1.53K |
2019 Q4
22 quarters
|
|
24
Vanguard Morningstar Total Stock Market ETF
VTI
$702B
| $4M | 0.77% |
13,168
+14
| +0.1% | +$3.94K |
2023 Q2
8 quarters
|
|
25
State Street SPDR S&P 500 ETF Trust
SPY
$822B
| $3.61M | 0.69% |
5,841
-1,123
| -16% | -$642K |
2025 Q1
1 quarter
|
|
Similar funds
MFS
SSG
SFBLI
AWM
PWA
PWPS
CFA
GKFF
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.