True North Advisors, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 8, 2024), True North Advisors, LLC reported 185 stock positions worth $382.2 million. Its top holding was Lennox International (LII) at 29.3% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 10.3%) and Apple (AAPL, 6.1%). Compared with Q2 2024, it opened 16 new positions, sold out of 29, added to 47 and reduced 86. The biggest buy was General Electric (GE, shares +143%) and the biggest sale Microsoft (MSFT, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- Dallas, TX
- CIK
- 0001634556
- Portfolio Value
- $382.2M (Q3 2024)
- SEC Filing
- 0001172661-24-004175 ↗ filed Oct 8, 2024
Holdings Value
Holdings 185 stocks · $382.2M
| LII Lennox International Inc. | 29.26% | 185,081 | $111.8M | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 10.27% | 85,324 | $39.3M | Reduce -1.0% |
| AAPL Apple Inc. | 6.12% | 100,322 | $23.4M | Reduce -16.3% |
| MSFT Microsoft Corp. | 2.58% | 22,911 | $9.9M | Reduce -20.9% |
| GOOG Alphabet Inc. Class C | 1.71% | 39,062 | $6.5M | Reduce -1.4% |
| COST Costco Wholesale Corp. | 1.45% | 6,231 | $5.5M | Add +0.4% |
| IWF iShares Russell 1000 Growth | 1.40% | 14,219 | $5.3M | Reduce -8.9% |
| DOW Dow Inc. | 1.39% | 96,939 | $5.3M | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.34% | 8,948 | $5.1M | Reduce -1.8% |
| GOOGL Alphabet Inc. Class A | 1.32% | 30,326 | $5.0M | Reduce -1.5% |
| GE General Electric filed as GE AEROSPACE | 1.28% | 25,972 | $4.9M | Add +142.6% |
| NUV Nuveen Municipal Value | 1.21% | 510,777 | $4.6M | Reduce -0.0% |
| XOM Exxon Mobil Corp. | 1.18% | 38,631 | $4.5M | Reduce -2.8% |
| BA The Boeing Co. | 1.08% | 27,228 | $4.1M | No change |
| TPL Texas Pacific Land Corp. | 1.02% | 4,399 | $3.9M | Reduce -17.3% |
| KMX Carmax Inc. | 0.98% | 48,437 | $3.7M | Add +5.1% |
| DD Dupont DE Nemours Inc. | 0.95% | 40,852 | $3.6M | Reduce -0.3% |
| APO Apollo Global Management Inc. | 0.95% | 29,121 | $3.6M | Reduce -2.6% |
| CTVA Corteva Inc. | 0.93% | 60,453 | $3.6M | Add +1.9% |
| MKL Markel Group Inc. | 0.90% | 2,185 | $3.4M | Add +8.2% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.83% | 44,152 | $3.2M | Reduce -0.9% |
| VOO Vanguard S&P 500 ETF | 0.76% | 5,476 | $2.9M | Reduce -5.5% |
| LLY Eli Lilly & Co. | 0.75% | 3,225 | $2.9M | Reduce -1.3% |
| NVDA Nvidia Corp. | 0.71% | 22,386 | $2.7M | Add +5.8% |
| BX Blackstone Inc. | 0.68% | 17,055 | $2.6M | Reduce -9.6% |
| AMZN Amazon.com Inc. | 0.67% | 13,838 | $2.6M | Reduce -12.3% |
| MLM Martin Marietta Materials | 0.67% | 4,741 | $2.6M | No change |
| FAST Fastenal Co. | 0.62% | 33,200 | $2.4M | Add +5.2% |
| AVGO Broadcom Inc. | 0.61% | 13,414 | $2.3M | Add +0.7% |
| SGOL Abrdn Physical Gold Shares | 0.60% | 91,357 | $2.3M | Reduce -0.8% |
| EPD Enterprise Products Partners | 0.60% | 78,425 | $2.3M | Reduce -29.3% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.59% | 59,951 | $2.2M | Reduce -1.6% |
| TXN Texas Instruments Inc. | 0.56% | 10,399 | $2.1M | No change |
| CAT Caterpillar Inc. | 0.56% | 5,455 | $2.1M | No change |
| SCHV Schwab US Large-Cap Value | 0.56% | 26,503 | $2.1M | Reduce -5.5% |
| CBRE CBRE Group Inc. Class A | 0.42% | 12,905 | $1.6M | Reduce -6.3% |
| GEV GE Vernova Inc. | 0.42% | 6,287 | $1.6M | Add +162.9% |
| ET Energy Transfer LP | 0.41% | 98,217 | $1.6M | Reduce -43.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.40% | 40,758 | $1.5M | Reduce -1.7% |
| IWD iShares Russell 1000 Value E | 0.40% | 8,013 | $1.5M | No change |
| SGOV iShares 0-3 Month Treasury B | 0.39% | 14,939 | $1.5M | New |
| PFE Pfizer Inc. | 0.39% | 51,922 | $1.5M | Reduce -2.7% |
| SCHG Schwab US Large-Cap Growth | 0.38% | 13,912 | $1.4M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 0.37% | 6,769 | $1.4M | Add +6.4% |
| JNJ Johnson & Johnson | 0.37% | 8,793 | $1.4M | Reduce -0.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.36% | 2 | $1.4M | No change |
| FISV Fiserv Inc. | 0.36% | 7,559 | $1.4M | Add +0.0% |
| V Visa Inc. Class A | 0.35% | 4,864 | $1.3M | Reduce -2.1% |
| VMBS Vanguard Mortgage-Backed Sec | 0.35% | 28,207 | $1.3M | Reduce -2.1% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.34% | 21,634 | $1.3M | Reduce -4.0% |
| APD Air Products & Chemicals Inc. | 0.33% | 4,180 | $1.2M | Reduce -3.6% |
| META Meta Platforms Inc. Class A | 0.32% | 2,139 | $1.2M | Reduce -5.7% |
| MRK Merck & Co. Inc. | 0.32% | 10,742 | $1.2M | No change |
| ACVA Acv Auctions Inc. Class A | 0.32% | 59,692 | $1.2M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.31% | 2,393 | $1.2M | Add +0.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.30% | 4,385 | $1.2M | No change |
| SCHZ Schwab US Aggregate Bond ETF | 0.30% | 23,913 | $1.1M | Reduce -4.1% |
| CVX Chevron Corp. | 0.29% | 7,489 | $1.1M | Reduce -27.0% |
| PG The Procter & Gamble Co. | 0.29% | 6,359 | $1.1M | Add +6.1% |
| ACN Accenture PLC Class A | 0.29% | 3,094 | $1.1M | Add +6.3% |
| ABBV Abbvie Inc. | 0.28% | 5,502 | $1.1M | Reduce -0.4% |
| IWO iShares Russell 2000 Growth | 0.28% | 3,802 | $1.1M | Reduce -0.8% |
| ORCL Oracle Corp. | 0.25% | 5,625 | $959K | No change |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 0.24% | 24,244 | $925K | Reduce -4.3% |
| ABT Abbott Laboratories | 0.24% | 7,947 | $906K | Add +2.6% |
| HD Home Depot Inc. | 0.23% | 2,181 | $884K | Add +4.3% |
| AMD Advanced Micro Devices | 0.23% | 5,387 | $884K | Reduce -1.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.23% | 2,079 | $880K | Add +0.4% |
| TSLA Tesla Inc. | 0.23% | 3,341 | $874K | Reduce -22.4% |
| WMT Walmart Inc. | 0.23% | 10,704 | $864K | Reduce -17.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.22% | 3,034 | $859K | Add +2.9% |
| QCOM Qualcomm Inc. | 0.21% | 4,800 | $816K | Reduce -3.6% |
| PEP Pepsico Inc. | 0.21% | 4,704 | $800K | Add +4.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.21% | 20,132 | $799K | Add +68.3% |
| TT Trane Technologies PLC | 0.20% | 2,013 | $782K | No change |
| TM Toyota Motor Corp. -Spon ADR | 0.20% | 4,201 | $750K | Add +300.9% |
| PHYS Sprott Physical Gold Trust | 0.19% | 35,817 | $730K | No change |
| CL Colgate-Palmolive Co. | 0.19% | 6,964 | $723K | Reduce -3.1% |
| TOTL SS Doubleline TR Tact ETF | 0.19% | 17,291 | $716K | Reduce -25.3% |
| BKNG Booking Holdings Inc. | 0.18% | 167 | $703K | Reduce -8.7% |
| ITOT iShares Core S&P Total U.S. | 0.18% | 5,585 | $702K | Add +8.8% |
| WYNN WYNN Resorts Ltd. | 0.18% | 7,000 | $671K | Reduce -3.1% |
| UNH Unitedhealth Group Inc. | 0.17% | 1,138 | $665K | Add +16.0% |
| USPH U.S. Physical Therapy Inc. | 0.17% | 7,826 | $662K | Add +22.5% |
| SCHX Schwab US Large-Cap ETF | 0.17% | 9,656 | $655K | Add +0.0% |
| GEHC GE Healthcare Technology | 0.17% | 6,857 | $644K | New |
| ADBE Adobe Inc. | 0.17% | 1,224 | $634K | Reduce -10.5% |
| MA Mastercard Inc. Class A | 0.16% | 1,276 | $630K | Reduce -10.2% |
| IXUS iShares Core Intl Stock ETF | 0.16% | 8,675 | $630K | No change |
| ISRG Intuitive Surgical Inc. | 0.16% | 1,232 | $605K | Add +2.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.16% | 5,080 | $605K | Add +4.6% |
| HON Honeywell International Inc. | 0.15% | 2,865 | $592K | Reduce -8.9% |
| MELI MercadoLibre Inc. | 0.15% | 283 | $581K | Add +0.3% |
| IWN iShares Russell 2000 Value E | 0.15% | 3,472 | $579K | Reduce -1.4% |
| KO The Coca-Cola Co. | 0.15% | 7,791 | $560K | Reduce -1.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.15% | 2,340 | $555K | No change |
| AFL Aflac Inc. | 0.14% | 4,826 | $540K | Add +19.9% |
| SBUX Starbucks Corp. | 0.14% | 5,467 | $533K | Add +4.1% |
| IAU iShares Gold Trust | 0.14% | 10,650 | $529K | No change |
| CRM Salesforce Inc. | 0.13% | 1,803 | $493K | Reduce -1.0% |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -20.9% | 2.58% | −0.88 |
| AAPL Apple Inc. | Reduce -16.3% | 6.12% | −0.63 |
| ET Energy Transfer LP | Reduce -43.1% | 0.41% | −0.34 |
| WES Western Midstream Partners L | Sold out | 0.00% | −0.29 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −0.28 |
| PAGP Plains GP Holdings LP | Sold out | 0.00% | −0.27 |
| PBA Pembina Pipeline Corp. | Sold out | 0.00% | −0.27 |
| EPD Enterprise Products Partners | Reduce -29.3% | 0.60% | −0.26 |
| OKE Oneok Inc. | Reduce -76.9% | 0.08% | −0.24 |
| TRGP Targa Resources Corp. | Sold out | 0.00% | −0.24 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.24 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.24 |
| GOOG Alphabet Inc. Class C | Reduce -1.4% | 1.71% | −0.23 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.20 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.19 |
| PSX Phillips 66 | Reduce -73.9% | 0.06% | −0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -1.5% | 1.32% | −0.18 |
| SUN Sunoco LP | Sold out | 0.00% | −0.17 |
| VLO Valero Energy Corp. | Reduce -65.3% | 0.06% | −0.15 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.15 |
| CVX Chevron Corp. | Reduce -27.0% | 0.29% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -12.3% | 0.67% | −0.14 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.13 |
| ARLP Alliance Resource Partners | Sold out | 0.00% | −0.13 |
| IWF iShares Russell 1000 Growth | Reduce -8.9% | 1.40% | −0.12 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.12 |
| ETRN Equitrans Midstream Corp. | Sold out | 0.00% | −0.11 |
| DTM DT Midstream Inc. | Sold out | 0.00% | −0.10 |
| SPMB SS SPDR P Mort Back Bond ETF | Sold out | 0.00% | −0.09 |
| INTC Intel Corp. | Sold out | 0.00% | −0.09 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.07 |
| HES Hess Corp. | Sold out | 0.00% | −0.07 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.06 |
| TOTL SS Doubleline TR Tact ETF | Reduce -25.3% | 0.19% | −0.06 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.06 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.05 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -3.6% | 0.21% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -1.3% | 0.75% | −0.04 |
| LCID Lucid Group Inc. | Sold out | 0.00% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -2.8% | 1.18% | −0.04 |
| ADBE Adobe Inc. | Reduce -10.5% | 0.17% | −0.04 |
| NBHC National Bank Hold Class A | Reduce -27.8% | 0.11% | −0.03 |
| F Ford Motor Co. | Sold out | 0.00% | −0.03 |
| TPL Texas Pacific Land Corp. | Reduce -17.3% | 1.02% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -15.8% | 0.06% | −0.02 |
| HON Honeywell International Inc. | Reduce -8.9% | 0.15% | −0.02 |
| JFR Nuveen Floating Rate Income | Sold out | 0.00% | −0.02 |
| RIVN Rivian Automotive Inc. Class A | Reduce -4.4% | 0.07% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| GE General Electric | Add +142.6% | 1.28% | +0.83 |
| SGOV iShares 0-3 Month Treasury B | New | 0.39% | +0.39 |
| GEV GE Vernova Inc. | Add +162.9% | 0.42% | +0.31 |
| GEHC GE Healthcare Technology | New | 0.17% | +0.17 |
| TM Toyota Motor Corp. -Spon ADR | Add +300.9% | 0.20% | +0.14 |
| TGT Target Corp. | New | 0.12% | +0.12 |
| MPLX MPLX LP | New | 0.10% | +0.10 |
| FAST Fastenal Co. | Add +5.2% | 0.62% | +0.09 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.09% | +0.09 |
| LOW Lowe's Cos Inc. | New | 0.09% | +0.09 |
| BAC Bank of America Corp. | Add +68.3% | 0.21% | +0.08 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.08% | +0.08 |
| KMX Carmax Inc. | Add +5.1% | 0.98% | +0.08 |
| LIN Linde PLC | New | 0.08% | +0.08 |
| CTVA Corteva Inc. | Add +1.9% | 0.93% | +0.07 |
| CSCO Cisco Systems Inc. | New | 0.06% | +0.06 |
| TMUS T-Mobile US Inc. | New | 0.06% | +0.06 |
| EXPE Expedia Group Inc. | New | 0.06% | +0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.06% | +0.06 |
| FSLR First Solar Inc. | New | 0.06% | +0.06 |
| FISV Fiserv Inc. | Add +0.0% | 0.36% | +0.05 |
| PGR Progressive Corp. | New | 0.05% | +0.05 |
| ADI Analog Devices Inc. | New | 0.05% | +0.05 |
| ACN Accenture PLC Class A | Add +6.3% | 0.29% | +0.05 |
| MKL Markel Group Inc. | Add +8.2% | 0.90% | +0.05 |
| AFL Aflac Inc. | Add +19.9% | 0.14% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +16.0% | 0.17% | +0.04 |
| EQIX Equinix Inc. | Add +36.8% | 0.11% | +0.04 |
| HD Home Depot Inc. | Add +4.3% | 0.23% | +0.04 |
| COST Costco Wholesale Corp. | Add +0.4% | 1.45% | +0.04 |
| AVGO Broadcom Inc. | Add +0.7% | 0.61% | +0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +39.2% | 0.09% | +0.03 |
| SBUX Starbucks Corp. | Add +4.1% | 0.14% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +6.4% | 0.37% | +0.03 |
| MELI MercadoLibre Inc. | Add +0.3% | 0.15% | +0.03 |
| BLK BlackRock Finance Inc. | Add +9.6% | 0.12% | +0.03 |
| PG The Procter & Gamble Co. | Add +6.1% | 0.29% | +0.02 |
| MCD McDonald's Corp. | Add +14.7% | 0.09% | +0.02 |
| ABT Abbott Laboratories | Add +2.6% | 0.24% | +0.02 |
| ITOT iShares Core S&P Total U.S. | Add +8.8% | 0.18% | +0.02 |
| OUST Ouster Inc. | New | 0.02% | +0.02 |
| CPT Camden Property Trust | Add +16.1% | 0.09% | +0.02 |
| AMGN Amgen Inc. | Add +24.2% | 0.10% | +0.02 |
| SPGI S&P Global Inc. | Add +14.8% | 0.07% | +0.02 |
| USPH U.S. Physical Therapy Inc. | Add +22.5% | 0.17% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +2.1% | 0.16% | +0.01 |
| CCI Crown Castle Inc. | Add +4.2% | 0.07% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.9% | 0.22% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.4% | 0.23% | +0.01 |
| NVDA Nvidia Corp. | Add +5.8% | 0.71% | +0.01 |
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 |