True North Advisors, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 22, 2026), True North Advisors, LLC reported 290 stock positions worth $1.0 billion. Its top holding was Lennox International (LII) at 8.8% of the portfolio, followed by Apple (AAPL, 8.3%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 6.4%). Compared with Q1 2026, it opened 61 new positions, sold out of 16, added to 83 and reduced 125. The biggest buy was a new position in Alphabet Class A (GOOGL) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- Dallas, TX
- CIK
- 0001634556
- Portfolio Value
- $1.0B (Q2 2026)
- SEC Filing
- 0001172661-26-002749 ↗ filed Jul 22, 2026
Holdings Value
Holdings 290 stocks · $1.0B
| LII Lennox International Inc. | 8.83% | 161,110 | $92.3M | Reduce -2.8% |
| AAPL Apple Inc. | 8.31% | 300,395 | $86.9M | Add +0.3% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 6.37% | 2,140,879 | $66.6M | Add +3.2% |
| AVDS Avantis Intl SM Cap Eq ETF | 3.23% | 449,544 | $33.8M | Add +9.9% |
| GOOGL Alphabet Inc. Class A | 3.13% | 92,303 | $32.8M | New |
| AMZN Amazon.com Inc. | 3.02% | 132,550 | $31.6M | Reduce -1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.97% | 41,616 | $31.1M | Reduce -13.6% |
| NVDA Nvidia Corp. | 2.64% | 138,090 | $27.6M | Add +4.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.36% | 49,257 | $24.6M | Reduce -13.8% |
| VEA Vanguard Ftse Developed ETF | 2.15% | 316,111 | $22.5M | Add +10.5% |
| JPIE JPMorgan Income ETF | 2.15% | 488,499 | $22.5M | Reduce -6.0% |
| PYLD PIMCO Multisector Bond Actv | 1.83% | 720,470 | $19.1M | Reduce -6.4% |
| FLXR TCW Flexible Income ETF | 1.82% | 484,709 | $19.0M | Reduce -4.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.79% | 61,751 | $18.7M | Reduce -1.4% |
| BAC Bank of America Corp. | 1.44% | 264,025 | $15.0M | Reduce -0.4% |
| SCHB Schwab US Broad Market ETF | 1.42% | 511,653 | $14.8M | Add +1.4% |
| AVEM Avantis Emerging Markets Eq | 1.40% | 151,215 | $14.6M | Add +44.6% |
| MSFT Microsoft Corp. | 1.39% | 39,011 | $14.6M | Add +0.8% |
| RSP Invesco S&P 500 Equal Weight | 1.32% | 64,882 | $13.8M | Add +8.9% |
| IDEV iShares Core MSCI Dev MKTS | 1.24% | 146,012 | $13.0M | Reduce -1.3% |
| JQUA JPMorgan US Quality Factor | 1.16% | 167,310 | $12.1M | Add +0.1% |
| AVDE Avantis International Equity | 1.02% | 119,722 | $10.7M | Add +71.3% |
| COST Costco Wholesale Corp. | 0.96% | 10,770 | $10.1M | Reduce -1.5% |
| JMBS Janus Henderson Mortg Backed | 0.95% | 221,276 | $10.0M | Reduce -2.4% |
| META Meta Platforms Inc. Class A | 0.95% | 17,631 | $9.9M | Reduce -5.8% |
| AVDV Avantis Intl S/C Value ETF | 0.94% | 95,704 | $9.9M | Add +2.9% |
| AVGO Broadcom Inc. | 0.89% | 24,728 | $9.3M | Reduce -1.5% |
| GOVT iShares US Treasury Bond ETF | 0.78% | 359,346 | $8.2M | Reduce -1.8% |
| GE General Electric filed as GE AEROSPACE | 0.78% | 21,692 | $8.1M | Add +0.3% |
| XOM Exxon Mobil Corp. | 0.74% | 56,322 | $7.7M | Reduce -7.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.70% | 19,739 | $7.3M | Reduce -4.3% |
| MU Micron Technology Inc. | 0.69% | 6,279 | $7.2M | Add +12.4% |
| V Visa Inc. Class A | 0.64% | 19,506 | $6.7M | Reduce -1.4% |
| IAU iShares Gold Trust | 0.63% | 87,616 | $6.6M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.63% | 8,914 | $6.6M | Reduce -8.5% |
| MUNI PIMCO Intermediate Municipal | 0.62% | 123,925 | $6.5M | Add +1.5% |
| FAST Fastenal Co. | 0.62% | 135,216 | $6.5M | Reduce -2.3% |
| MINO PIMCO Municipal Income Oppor | 0.62% | 140,914 | $6.4M | New |
| SCHX Schwab US Large-Cap ETF | 0.61% | 216,573 | $6.4M | Reduce -1.7% |
| LRCX Lam Research Corp. | 0.61% | 14,675 | $6.4M | Reduce -8.9% |
| GEV GE Vernova Inc. | 0.59% | 5,276 | $6.2M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.55% | 17,701 | $5.8M | Reduce -8.6% |
| EPD Enterprise Products Partners | 0.53% | 150,184 | $5.5M | New |
| CAT Caterpillar Inc. | 0.52% | 5,142 | $5.5M | Reduce -0.5% |
| CTVA Corteva Inc. | 0.49% | 60,477 | $5.1M | Reduce -0.5% |
| AMAT Applied Materials Inc. | 0.48% | 6,947 | $5.0M | Reduce -9.3% |
| CORP PIMCO Inv Grade Corp. BD ETF | 0.47% | 50,239 | $4.9M | Add +0.6% |
| KMX Carmax Inc. | 0.44% | 86,454 | $4.6M | Reduce -0.2% |
| TPL Texas Pacific Land Corp. | 0.40% | 9,463 | $4.1M | New |
| ABBV Abbvie Inc. | 0.38% | 15,735 | $4.0M | Reduce -15.5% |
| RAUS Racwi US ETF | 0.38% | 134,958 | $4.0M | Add +229.1% |
| VGLT Vanguard Long-Term Treasury | 0.38% | 71,287 | $3.9M | Reduce -6.7% |
| IJR iShares Core S&P Small-Cap E | 0.37% | 26,006 | $3.9M | Add +3.8% |
| AVUV Avantis US Small Cap Value | 0.36% | 30,570 | $3.8M | New |
| APH Amphenol Corp. Class A | 0.36% | 21,215 | $3.7M | Reduce -5.8% |
| LLY Eli Lilly & Co. | 0.36% | 3,109 | $3.7M | Reduce -4.6% |
| CSHI Neos Enhanced Income 1-3 Mon | 0.34% | 71,928 | $3.6M | Add +58.8% |
| DFAC Dimensional US Core Equity 2 | 0.34% | 79,903 | $3.5M | No change |
| Q Qnity Electronics Inc. | 0.32% | 20,576 | $3.4M | Add +0.5% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.32% | 62,576 | $3.3M | Reduce -5.2% |
| HD Home Depot Inc. | 0.31% | 9,219 | $3.3M | Reduce -6.2% |
| SCHM Schwab US Mid Cap ETF | 0.31% | 87,301 | $3.2M | Reduce -0.5% |
| KLAC KLA Corp. | 0.30% | 10,567 | $3.2M | Reduce -7.5% |
| MLM Martin Marietta Materials | 0.29% | 5,317 | $3.1M | Reduce -0.3% |
| SGOL Abrdn Physical Gold Shares | 0.28% | 76,532 | $2.9M | New |
| DOW Dow Inc. filed as DOW HLDGS INC | 0.26% | 98,687 | $2.7M | Reduce -0.7% |
| SYK Stryker Corp. | 0.25% | 8,282 | $2.6M | Reduce -12.8% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.24% | 1,252 | $2.5M | Add +1.7% |
| SCHF Schwab Intl Equity ETF | 0.23% | 88,038 | $2.4M | Reduce -1.3% |
| MS Morgan Stanley | 0.22% | 11,201 | $2.3M | Reduce -47.2% |
| TSLA Tesla Inc. | 0.21% | 5,232 | $2.2M | Add +1.5% |
| CVX Chevron Corp. | 0.21% | 13,080 | $2.2M | Reduce -4.5% |
| DHI D.R. Horton Inc. | 0.20% | 12,916 | $2.1M | Reduce -8.2% |
| NTAP Netapp Inc. | 0.20% | 13,584 | $2.1M | Reduce -6.0% |
| IWD iShares Russell 1000 Value E | 0.20% | 8,586 | $2.1M | Reduce -6.6% |
| XLE SS Energy Select Sector | 0.20% | 38,601 | $2.1M | No change |
| ET Energy Transfer LP | 0.19% | 106,116 | $2.0M | New |
| APO Apollo Global Management Inc. | 0.19% | 17,102 | $2.0M | New |
| DFAT Dimensional US Target Value | 0.19% | 28,257 | $2.0M | No change |
| NEE Nextera Energy Inc. | 0.19% | 22,365 | $2.0M | Reduce -1.3% |
| SPGI S&P Global Inc. | 0.19% | 4,803 | $2.0M | Reduce -4.8% |
| ANET Arista Networks Inc. | 0.19% | 11,485 | $2.0M | Reduce -2.6% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.18% | 14,028 | $1.9M | Reduce -0.6% |
| DD Dupont DE Nemours Inc. | 0.18% | 13,659 | $1.9M | No change |
| BX Blackstone Inc. | 0.18% | 15,721 | $1.8M | New |
| KR Kroger Co. | 0.18% | 33,304 | $1.8M | Reduce -5.7% |
| IVV iShares Core S&P 500 ETF | 0.17% | 2,360 | $1.8M | Reduce -47.5% |
| SCHG Schwab US Large-Cap Growth | 0.17% | 51,676 | $1.7M | Reduce -0.2% |
| IWB iShares Russell 1000 ETF | 0.17% | 4,219 | $1.7M | Reduce -0.5% |
| JNJ Johnson & Johnson | 0.16% | 6,719 | $1.7M | Reduce -5.7% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.16% | 33,820 | $1.7M | Reduce -2.4% |
| ADBE Adobe Inc. | 0.16% | 8,211 | $1.7M | Add +34.2% |
| PAYX Paychex Inc. | 0.16% | 17,019 | $1.7M | Add +1.6% |
| TXN Texas Instruments Inc. | 0.15% | 5,353 | $1.6M | Add +0.2% |
| IWF iShares Russell 1000 Growth | 0.15% | 12,608 | $1.6M | Reduce -2.8% |
| SCHV Schwab US Large-Cap Value | 0.14% | 43,036 | $1.5M | Reduce -1.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.14% | 2 | $1.5M | No change |
| LMT Lockheed Martin Corp. | 0.13% | 2,711 | $1.4M | Reduce -19.8% |
| UBER Uber Technologies Inc. | 0.13% | 18,729 | $1.4M | Add +549.2% |
| MSI Motorola Solutions Inc. | 0.13% | 3,253 | $1.4M | Reduce -11.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $68K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| YDESW YD Bio Ltd. -30 | *W EXP 08/28/203 | 220,819 | $68K | No change |
Total filed on the 13F, all lines: $1.0B.
Portfolio Sells Q1 2026 → Q2 2026
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -13.8% | 2.36% | −0.77 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -13.6% | 2.97% | −0.60 |
| JPIE JPMorgan Income ETF | Reduce -6.0% | 2.15% | −0.58 |
| PYLD PIMCO Multisector Bond Actv | Reduce -6.4% | 1.83% | −0.47 |
| FLXR TCW Flexible Income ETF | Reduce -4.8% | 1.82% | −0.46 |
| XOM Exxon Mobil Corp. | Reduce -7.9% | 0.74% | −0.45 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.29 |
| COST Costco Wholesale Corp. | Reduce -1.5% | 0.96% | −0.28 |
| META Meta Platforms Inc. Class A | Reduce -5.8% | 0.95% | −0.27 |
| JMBS Janus Henderson Mortg Backed | Reduce -2.4% | 0.95% | −0.22 |
| DOW Dow Inc. | Reduce -0.7% | 0.26% | −0.21 |
| ALL Allstate Corp. | Reduce -75.2% | 0.06% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 3.02% | −0.19 |
| TSCO Tractor Supply Company | Sold out | 0.00% | −0.18 |
| MS Morgan Stanley | Reduce -47.2% | 0.22% | −0.17 |
| GOVT iShares US Treasury Bond ETF | Reduce -1.8% | 0.78% | −0.17 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -1.3% | 1.24% | −0.17 |
| IVV iShares Core S&P 500 ETF | Reduce -47.5% | 0.17% | −0.17 |
| SHW The Sherwin-Williams Co. | Reduce -64.7% | 0.07% | −0.16 |
| ABT Abbott Laboratories | Reduce -49.1% | 0.08% | −0.14 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.12 |
| CVX Chevron Corp. | Reduce -4.5% | 0.21% | −0.12 |
| KR Kroger Co. | Reduce -5.7% | 0.18% | −0.11 |
| FAST Fastenal Co. | Reduce -2.3% | 0.62% | −0.11 |
| SYK Stryker Corp. | Reduce -12.8% | 0.25% | −0.11 |
| VGLT Vanguard Long-Term Treasury | Reduce -6.7% | 0.38% | −0.11 |
| VIG Vanguard Dividend Apprec ETF | Reduce -74.1% | 0.03% | −0.10 |
| LMT Lockheed Martin Corp. | Reduce -19.8% | 0.13% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -8.6% | 0.55% | −0.10 |
| CTVA Corteva Inc. | Reduce -0.5% | 0.49% | −0.09 |
| ABBV Abbvie Inc. | Reduce -15.5% | 0.38% | −0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.4% | 1.79% | −0.08 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.07 |
| MLM Martin Marietta Materials | Reduce -0.3% | 0.29% | −0.06 |
| SPGI S&P Global Inc. | Reduce -4.8% | 0.19% | −0.06 |
| HD Home Depot Inc. | Reduce -6.2% | 0.31% | −0.06 |
| WMT Walmart Inc. | Reduce -20.2% | 0.09% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -4.3% | 0.70% | −0.06 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.05 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -5.2% | 0.32% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -1.3% | 0.19% | −0.05 |
| MSI Motorola Solutions Inc. | Reduce -11.1% | 0.13% | −0.05 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.05 |
| IWM iShares Russell 2000 ETF | Reduce -62.2% | 0.03% | −0.05 |
| MDY State Street SPDR S&P Midcap | Sold out | 0.00% | −0.05 |
| VNQ Vanguard Real Estate ETF | Reduce -44.9% | 0.05% | −0.05 |
| RMD Resmed Inc. | Reduce -5.2% | 0.10% | −0.04 |
| V Visa Inc. Class A | Reduce -1.4% | 0.64% | −0.04 |
| QUAL iShares MSCI USA Quality Fac | Reduce -46.5% | 0.04% | −0.04 |
| DOV Dover Corp. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q1 2026 → Q2 2026
| GOOGL Alphabet Inc. Class A | New | 3.13% | +3.13 |
| IAU iShares Gold Trust | New | 0.63% | +0.63 |
| MINO PIMCO Municipal Income Oppor | New | 0.62% | +0.62 |
| EPD Enterprise Products Partners | New | 0.53% | +0.53 |
| MU Micron Technology Inc. | Add +12.4% | 0.69% | +0.48 |
| AVEM Avantis Emerging Markets Eq | Add +44.6% | 1.40% | +0.43 |
| TPL Texas Pacific Land Corp. | New | 0.40% | +0.40 |
| AVUV Avantis US Small Cap Value | New | 0.36% | +0.36 |
| AVDE Avantis International Equity | Add +71.3% | 1.02% | +0.35 |
| SGOL Abrdn Physical Gold Shares | New | 0.28% | +0.28 |
| RAUS Racwi US ETF | Add +229.1% | 0.38% | +0.26 |
| ET Energy Transfer LP | New | 0.19% | +0.19 |
| APO Apollo Global Management Inc. | New | 0.19% | +0.19 |
| BX Blackstone Inc. | New | 0.18% | +0.18 |
| UBER Uber Technologies Inc. | Add +549.2% | 0.13% | +0.11 |
| BXMT Blackstone Mortgage Tru Class A | New | 0.10% | +0.10 |
| CSHI Neos Enhanced Income 1-3 Mon | Add +58.8% | 0.34% | +0.09 |
| FNDA Schwab Fndmntl US SM Co. ETF | New | 0.09% | +0.09 |
| PHYS Sprott Physical Gold Trust | New | 0.08% | +0.08 |
| INSW International Seaways Inc. | New | 0.08% | +0.08 |
| GE General Electric | Add +0.3% | 0.78% | +0.08 |
| EQIX Equinix Inc. | New | 0.07% | +0.07 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | New | 0.07% | +0.07 |
| PAAS Pan American Silver Corp. | New | 0.07% | +0.07 |
| GEV GE Vernova Inc. | Add +0.1% | 0.59% | +0.07 |
| LIN Linde PLC | New | 0.06% | +0.06 |
| VEA Vanguard Ftse Developed ETF | Add +10.5% | 2.15% | +0.06 |
| PONY Pony AI Inc. | New | 0.06% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | Add +1.7% | 0.24% | +0.05 |
| Q Qnity Electronics Inc. | Add +0.5% | 0.32% | +0.05 |
| PANW Palo Alto Networks Inc. | Add +8.3% | 0.10% | +0.05 |
| PLD Prologis Inc. | New | 0.05% | +0.05 |
| MPLX MPLX LP | New | 0.05% | +0.05 |
| MINT PIMCO Enhanced Short Maturit | New | 0.04% | +0.04 |
| ESGV Vanguard ESG US Stock ETF | New | 0.04% | +0.04 |
| WPC WP Carey Inc. | New | 0.04% | +0.04 |
| VTR Ventas Inc. | New | 0.04% | +0.04 |
| ESGU iShares ESG Aware MSCI USA | New | 0.04% | +0.04 |
| GOOG Alphabet Inc. Class C | New | 0.04% | +0.04 |
| ACVA Acv Auctions Inc. Class A | Add +0.5% | 0.12% | +0.04 |
| INTC Intel Corp. | New | 0.04% | +0.04 |
| VSGX Vanguard ESG Intl Stock ETF | New | 0.04% | +0.04 |
| TXN Texas Instruments Inc. | Add +0.2% | 0.15% | +0.03 |
| WELL Welltower Inc. | New | 0.03% | +0.03 |
| GLD SPDR Gold Shares | New | 0.03% | +0.03 |
| OKE Oneok Inc. | New | 0.03% | +0.03 |
| STX Seagate Technology Holdings | New | 0.03% | +0.03 |
| DLR Digital Realty Trust Inc. | New | 0.03% | +0.03 |
| PSA Public Storage | New | 0.03% | +0.03 |
| MMM 3M Co. | New | 0.03% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 290 | $1.0B | LII, AAPL, FNDX, AVDS, GOOGL |
| Q1 2026 | 244 | $877.1M | LII, AAPL, FNDX, SPY, AVDS |
| Q4 2025 | 249 | $773.3M | AAPL, LII, BRK.B, SPY, AMZN |
| Q3 2025 | 214 | $629.5M | LII, AAPL, BRK.B, AMZN, SPY |
| Q2 2025 | 222 | $521.8M | LII, BRK.B, AAPL, VB, MSFT |
| Q1 2025 | 243 | $564.1M | LII, BRK.B, AAPL, VB, JMBS |
| Q4 2024 | 185 | $424.2M | LII, BRK.B, AAPL, MSFT, COST |
| Q3 2024 | 185 | $382.2M | LII, BRK.B, AAPL, MSFT, GOOG |
| Q2 2024 | 198 | $374.3M | LII, BRK.B, AAPL, MSFT, GOOG |
| Q1 2024 | 195 | $362.3M | LII, BRK.B, AAPL, MSFT, GOOG |