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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
-0.61%
1 Year Est. Return
+22.99%
3 Year Est. Return
+86.85%
5 Year Est. Return
+121.39%
10 Year Est. Return
–
AUM
$877M
AUM Growth
+$104M
(+13%)
Cap. Flow
+$125M
Cap. Flow
% of AUM
14.28%
Top 10 Holdings %
Top 10 Hldgs %
44.92%
Holding
288
New
38
Increased
74
Reduced
117
Closed
43
Avg Time Held
8
quarters
Top 10 Avg Time Held
6.8
quarters
Top 20 Avg Time Held
5.4
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab Fundamental US Large Company Index ETF
FNDX
|
+$58.8M |
| 2 |
Avantis International Small Cap Equity ETF
AVDS
|
+$30.2M |
| 3 |
JPMorgan Income ETF
JPIE
|
+$24.1M |
| 4 |
PIMCO Multi Sector Bond Active ETF
PYLD
|
+$20.5M |
| 5 |
Avantis Emerging Markets Equity ETF
AVEM
|
+$8.68M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$10.6M |
| 2 |
Janus Henderson AAA CLO ETF
JAAA
|
+$9.17M |
| 3 |
iShares Gold Trust
IAU
|
+$8.26M |
| 4 |
Enterprise Products Partners
EPD
|
+$4.81M |
| 5 |
iShares Core MSCI International Developed Markets ETF
IDEV
|
+$4.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 45.57% |
| 2 | Technology | 17.6% |
| 3 | Industrials | 12.49% |
| 4 | Financials | 7.97% |
| 5 | Consumer Discretionary | 5.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Lennox International
LII
$12.1B
| $76.9M | 8.77% |
165,792
-2,538
| -2% | -$1.31M |
2023 Q1
12 quarters
|
|
2
Apple
AAPL
$4.98T
| $76M | 8.67% |
299,636
-2,054
| -0.7% | -$535K |
2019 Q4
25 quarters
|
|
|
3
Schwab Fundamental US Large Company Index ETF
FNDX
$27.9B
| $57.8M | 6.58% |
+2,073,839
| New | +$58.8M |
2026 Q1
0 quarters
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$822B
| $31.3M | 3.57% |
48,141
-1,813
| -4% | -$1.23M |
2025 Q1
4 quarters
|
|
|
5
Avantis International Small Cap Equity ETF
AVDS
$358M
| $29.4M | 3.35% |
409,040
+406,015
| +13,422% | +$30.2M |
2025 Q4
1 quarter
|
|
6
Amazon
AMZN
$2.79T
| $28.1M | 3.21% |
135,004
-3,368
| -2% | -$742K |
2019 Q4
25 quarters
|
|
|
7
Berkshire Hathaway Class B
BRK.B
$1.11T
| $27.4M | 3.12% |
57,140
-21,653
| -27% | -$10.6M |
2019 Q4
25 quarters
|
|
|
8
JPMorgan Income ETF
JPIE
$11B
| $23.9M | 2.73% |
+519,605
| New | +$24.1M |
2026 Q1
0 quarters
|
|
9
NVIDIA
NVDA
$5.52T
| $23M | 2.62% |
131,925
+3,792
| +3% | +$696K |
2021 Q2
19 quarters
|
|
|
10
PIMCO Multi Sector Bond Active ETF
PYLD
$15.9B
| $20.2M | 2.3% |
+769,719
| New | +$20.5M |
2026 Q1
0 quarters
|
|
11
TCW Flexible Income ETF
FLXR
$3.62B
| $20M | 2.28% |
508,913
+151,556
| +42% | +$5.99M |
2025 Q4
1 quarter
|
|
12
Vanguard FTSE Developed Markets ETF
VEA
$230B
| $18.3M | 2.09% |
286,089
+111,831
| +64% | +$7.38M |
2025 Q4
1 quarter
|
|
13
Vanguard Morningstar Small-Cap ETF
VB
$77.9B
| $16.4M | 1.87% |
62,645
-1,167
| -2% | -$316K |
2025 Q4
1 quarter
|
|
14
Microsoft
MSFT
$4.04T
| $14.3M | 1.63% |
38,683
+2,104
| +6% | +$880K |
2019 Q4
25 quarters
|
|
15
Bank of America
BAC
$377B
| $12.9M | 1.47% |
265,118
-465
| -0.2% | -$24K |
2020 Q2
23 quarters
|
|
16
Schwab US Broad Market ETF
SCHB
$45.3B
| $12.7M | 1.44% |
504,798
-90,542
| -15% | -$2.38M |
2025 Q4
1 quarter
|
|
|
17
iShares Core MSCI International Developed Markets ETF
IDEV
$33B
| $12.4M | 1.41% |
147,898
-47,519
| -24% | -$4.09M |
2025 Q4
1 quarter
|
|
18
Invesco S&P 500 Equal Weight ETF
RSP
$97.4B
| $11.4M | 1.3% |
59,575
-921
| -2% | -$183K |
2025 Q4
1 quarter
|
|
19
Costco
COST
$423B
| $10.9M | 1.24% |
10,935
+784
| +8% | +$764K |
2020 Q4
21 quarters
|
|
20
Meta Platforms (Facebook)
META
$1.94T
| $10.7M | 1.22% |
18,713
-4,228
| -18% | -$2.71M |
2020 Q2
23 quarters
|
|
21
ExxonMobil
XOM
$716B
| $10.4M | 1.18% |
61,124
-2,118
| -3% | -$309K |
2019 Q4
25 quarters
|
|
22
JPMorgan US Quality Factor ETF
JQUA
$9.26B
| $10.2M | 1.17% |
167,127
-29,489
| -15% | -$1.87M |
2025 Q4
1 quarter
|
|
23
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.29B
| $10.2M | 1.17% |
226,739
+1,404
| +0.6% | +$64.3K |
2025 Q4
1 quarter
|
|
24
Avantis International Small Cap Value ETF
AVDV
$20.1B
| $9.29M | 1.06% |
93,052
-2,201
| -2% | -$225K |
2025 Q3
2 quarters
|
|
|
25
Avantis Emerging Markets Equity ETF
AVEM
$28.1B
| $8.43M | 0.96% |
+104,579
| New | +$8.68M |
2026 Q1
0 quarters
|
|
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True North Advisors's Q1 2026 Portfolio in Review
As of Q1 2026, True North Advisors held 288 positions worth $877M, up 13% from $774M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
True North Advisors deployed $125M of net new capital in Q1 2026, opening 38 new positions and adding to 74 existing holdings. Its largest new stake was Schwab Fundamental US Large Company Index ETF: 2,073,839 shares worth $57.8M.
By sector, the portfolio is most concentrated in Miscellaneous at 46% of assets, up from 33% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Berkshire Hathaway Class B, an estimated $10.6M trimmed.
- True North Advisors's largest Q1 2026 buy was Schwab Fundamental US Large Company Index ETF: 2,073,839 shares worth $57.8M.
- True North Advisors added most to Avantis International Small Cap Equity ETF in Q1 2026, an estimated $30.2M increase.
- True North Advisors's biggest Q1 2026 reduction was Berkshire Hathaway Class B, cutting an estimated $10.6M.
- True North Advisors fully exited Janus Henderson AAA CLO ETF in Q1 2026, selling an estimated $9.17M.
- True North Advisors's ten largest holdings make up 45% of its $877M portfolio in Q1 2026.
- True North Advisors opened 38 new positions and closed 43 in Q1 2026.
- True North Advisors's portfolio value rose 13% quarter-over-quarter to $877M.
Based on True North Advisors's 13F filing for Q1 2026, filed 7 May 2026.