True North Advisors, LLC

Name: True North Advisors, LLC 13F holdings, Q3 2025
Creator: True North Advisors, LLC
Published: 2025-10-14

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), True North Advisors, LLC reported 214 stock positions worth $629.5 million. Its top holding was Lennox International (LII) at 14.9% of the portfolio, followed by Apple (AAPL, 12.3%) and Berkshire Hathaway Class B (BRK.B, 6.4%). Compared with Q2 2025, it opened 35 new positions, sold out of 43, added to 123 and reduced 42. The biggest buy was Apple (AAPL, shares +174%) and the biggest sale Lennox International (LII, shares −2%).

Most Recent 13F: Q2 2026
Location: Dallas, TX
CIK: 0001634556
Portfolio Value: $629.5M (Q3 2025)
SEC Filing: 0001172661-25-004287 ↗ filed Oct 14, 2025

Holdings Value

Holdings 214 stocks · $629.5M


LII Lennox International Inc.	14.95%	177,727	$94.1M	Reduce -2.1%
AAPL Apple Inc.	12.33%	304,809	$77.6M	Add +173.8%
BRK.B Berkshire Hathaway Inc. Class B	6.39%	80,072	$40.3M	Reduce -0.5%
AMZN Amazon.com Inc.	4.84%	138,757	$30.5M	Add +431.3%
SPY SS SPDR S&P 500 ETF Trust-US	4.09%	38,635	$25.7M	Add +561.4%
NVDA Nvidia Corp.	3.80%	128,244	$23.9M	Add +289.0%
MSFT Microsoft Corp.	3.32%	40,408	$20.9M	Add +52.9%
META Meta Platforms Inc. Class A	2.68%	23,008	$16.9M	Add +398.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP	2.18%	266,586	$13.8M	Add +287.1%
AVGO Broadcom Inc.	1.90%	36,236	$12.0M	Add +9.8%
COST Costco Wholesale Corp.	1.45%	9,880	$9.1M	Add +2.0%
GOVT iShares US Treasury Bond ETF	1.34%	365,418	$8.4M	Reduce -21.0%
AVDV Avantis Intl S/C Value ETF	1.24%	87,812	$7.8M	New
XOM Exxon Mobil Corp.	1.22%	68,004	$7.7M	Add +5.4%
IAU iShares Gold Trust	1.20%	103,876	$7.6M	Add +858.1%
FAST Fastenal Co.	1.08%	138,985	$6.8M	Reduce -1.7%
GE General Electric filed as GE AEROSPACE	1.03%	21,524	$6.5M	Reduce -12.8%
JPM JPMorgan Chase & Co.	1.01%	20,159	$6.4M	Add +12.6%
V Visa Inc. Class A	0.92%	16,984	$5.8M	Add +12.3%
IWF iShares Russell 1000 Growth	0.89%	12,025	$5.6M	Add +0.1%
KMX Carmax Inc.	0.88%	123,742	$5.6M	Add +66.6%
EPD Enterprise Products Partners	0.75%	150,669	$4.7M	Add +0.1%
LRCX Lam Research Corp.	0.70%	32,683	$4.4M	Add +5.0%
ABBV Abbvie Inc.	0.67%	18,205	$4.2M	Add +5.9%
APH Amphenol Corp. Class A	0.66%	33,555	$4.2M	Reduce -8.2%
CTVA Corteva Inc.	0.65%	60,570	$4.1M	Add +0.2%
HD Home Depot Inc.	0.59%	9,193	$3.7M	Reduce -0.1%
MLM Martin Marietta Materials	0.54%	5,379	$3.4M	Add +0.9%
MS Morgan Stanley	0.53%	21,170	$3.4M	Reduce -5.4%
GEV GE Vernova Inc.	0.51%	5,226	$3.2M	Reduce -12.5%
DD Dupont DE Nemours Inc.	0.51%	41,098	$3.2M	Add +0.1%
SYK Stryker Corp.	0.50%	8,565	$3.2M	Add +6.8%
TPL Texas Pacific Land Corp.	0.50%	3,345	$3.1M	Add +0.3%
DFAC Dimensional US Core Equity 2	0.49%	79,903	$3.1M	No change
SGOL Abrdn Physical Gold Shares	0.48%	81,712	$3.0M	Add +0.4%
IBIT iShares Bitcoin Trust ETF	0.44%	42,489	$2.8M	New
JEPI JPMorgan Equity Premium Inco	0.43%	47,637	$2.7M	Add +7.6%
ORCL Oracle Corp.	0.42%	9,415	$2.6M	Add +17.2%
LLY Eli Lilly & Co.	0.42%	3,460	$2.6M	Add +17.1%
ABT Abbott Laboratories	0.41%	19,200	$2.6M	Reduce -1.5%
ALL Allstate Corp.	0.40%	11,746	$2.5M	Add +0.8%
CRM Salesforce Inc.	0.39%	10,452	$2.5M	Reduce -2.0%
CAT Caterpillar Inc.	0.39%	5,184	$2.5M	Add +2.5%
DHI D.R. Horton Inc.	0.39%	14,526	$2.5M	Reduce -8.1%
KR Kroger Co.	0.39%	36,022	$2.4M	Reduce -7.5%
SPGI S&P Global Inc.	0.39%	4,988	$2.4M	Add +5.7%
DOW Dow Inc.	0.35%	97,280	$2.2M	Reduce -0.1%
SHW The Sherwin-Williams Co.	0.34%	6,257	$2.2M	Reduce -5.0%
CVX Chevron Corp.	0.34%	13,948	$2.2M	Add +42.6%
PAYX Paychex Inc.	0.34%	16,935	$2.1M	Reduce -4.1%
TSLA Tesla Inc.	0.34%	4,742	$2.1M	Add +16.3%
TXN Texas Instruments Inc.	0.33%	11,390	$2.1M	Add +3.1%
TSCO Tractor Supply Company	0.32%	35,256	$2.0M	Reduce -10.4%
JNJ Johnson & Johnson	0.29%	9,928	$1.8M	Add +22.3%
IWD iShares Russell 1000 Value E	0.29%	8,879	$1.8M	Add +11.4%
XLE SS Energy Select Sector	0.28%	19,775	$1.8M	Add +3.0%
NTAP Netapp Inc.	0.28%	14,805	$1.8M	Add +6.5%
ET Energy Transfer LP	0.27%	97,987	$1.7M	Reduce -0.0%
ZTS Zoetis Inc.	0.27%	11,423	$1.7M	Reduce -7.4%
NEE Nextera Energy Inc.	0.26%	21,833	$1.6M	Reduce -6.5%
DFAT Dimensional US Target Value	0.26%	28,257	$1.6M	No change
PFE Pfizer Inc.	0.26%	63,994	$1.6M	Add +17.0%
AMAT Applied Materials Inc.	0.25%	7,821	$1.6M	Add +12.6%
ALLE Allegion PLC	0.25%	8,972	$1.6M	Add +6.0%
BHST Bioharvest Sciences Inc.	0.25%	168,013	$1.6M	Add +676.1%
BRK.A Berkshire Hathaway Inc. Class A	0.24%	2	$1.5M	No change
COP Conocophillips	0.24%	15,871	$1.5M	Reduce -4.0%
IVV iShares Core S&P 500 ETF	0.24%	2,238	$1.5M	Add +14.8%
LMT Lockheed Martin Corp.	0.23%	2,875	$1.4M	Add +17.2%
RMD Resmed Inc.	0.23%	5,196	$1.4M	Add +7.2%
WMT Walmart Inc.	0.22%	13,380	$1.4M	Add +11.2%
MSI Motorola Solutions Inc.	0.21%	2,835	$1.3M	Add +7.9%
PG The Procter & Gamble Co.	0.20%	8,269	$1.3M	Add +23.8%
KLAC KLA Corp.	0.20%	1,161	$1.3M	Add +11.2%
ASML ASML Holding NV-NY Reg SHS	0.19%	1,246	$1.2M	Reduce -0.6%
APD Air Products & Chemicals Inc.	0.18%	4,197	$1.1M	Add +1.9%
MA Mastercard Inc. Class A	0.18%	1,998	$1.1M	Add +29.1%
OSK Oshkosh Corp.	0.18%	8,619	$1.1M	Add +0.5%
IWB iShares Russell 1000 ETF	0.17%	2,953	$1.1M	New
MRK Merck & Co. Inc.	0.17%	12,787	$1.1M	Add +5.8%
DECK Deckers Outdoor Corp.	0.17%	10,406	$1.1M	Add +10.5%
ISRG Intuitive Surgical Inc.	0.17%	2,338	$1.0M	Add +7.0%
PHYS Sprott Physical Gold Trust	0.16%	34,618	$1.0M	Reduce -1.1%
QCOM Qualcomm Inc.	0.16%	6,107	$1.0M	Add +18.4%
RTX RTX Corp.	0.16%	6,040	$1.0M	Add +16.4%
NFLX Netflix Inc.	0.16%	824	$988K	Add +34.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.16%	2,109	$978K	Add +0.3%
TT Trane Technologies PLC	0.15%	2,266	$956K	Add +12.0%
PEP Pepsico Inc.	0.15%	6,716	$943K	Add +45.6%
USPH U.S. Physical Therapy Inc.	0.15%	10,943	$930K	Reduce -5.8%
ACVA Acv Auctions Inc. Class A	0.15%	92,270	$914K	Add +33.1%
TM Toyota Motor Corp. -Spon ADR	0.14%	4,731	$904K	Reduce -45.0%
CSCO Cisco Systems Inc.	0.14%	12,848	$879K	Add +233.3%
ITOT iShares Core S&P Total U.S.	0.13%	5,673	$826K	Reduce -3.0%
MCD McDonald's Corp.	0.13%	2,703	$822K	Add +18.0%
TLT iShares 20+ Year Treasury BD	0.13%	9,057	$809K	New
UNH Unitedhealth Group Inc.	0.13%	2,322	$802K	Add +34.4%
MU Micron Technology Inc.	0.13%	4,786	$801K	New
MELI MercadoLibre Inc.	0.12%	328	$767K	Add +7.5%
AAAU Goldman Sachs Physical Gold	0.12%	20,020	$763K	No change
QUAL iShares MSCI USA Quality Fac	0.12%	3,886	$756K	No change
HON Honeywell International Inc.	0.12%	3,560	$749K	Add +17.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.11%	4,977	$719K	Add +46.8%
LOW Lowe's Cos Inc.	0.11%	2,818	$708K	Add +39.0%
KO The Coca-Cola Co.	0.11%	10,657	$707K	Add +14.0%
VLO Valero Energy Corp.	0.11%	3,991	$680K	Add +2.9%
VBTX Veritex Holdings Inc.	0.11%	20,133	$675K	Add +23.6%
T AT&T Inc.	0.11%	23,785	$672K	New
AMD Advanced Micro Devices	0.11%	4,092	$662K	Add +11.9%
UNP Union Pacific Corp.	0.10%	2,761	$653K	Add +27.9%
IWM iShares Russell 2000 ETF	0.10%	2,688	$650K	Add +62.3%
ADI Analog Devices Inc.	0.10%	2,580	$634K	Add +22.2%
SBUX Starbucks Corp.	0.10%	7,325	$620K	Add +6.2%
PAAS Pan American Silver Corp.	0.10%	15,980	$619K	No change
GILD Gilead Sciences Inc.	0.10%	5,565	$618K	New
PM Philip Morris International	0.10%	3,750	$608K	Add +31.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.10%	17,489	$601K	Add +111.5%
TMUS T-Mobile US Inc.	0.09%	2,414	$578K	Add +82.9%
AXP American Express Co.	0.09%	1,731	$575K	Add +2.9%
BXMT Blackstone Mortgage Tru Class A	0.09%	31,065	$572K	Add +0.7%
ADBE Adobe Inc.	0.09%	1,619	$571K	Add +37.5%
CTAS Cintas Corp.	0.09%	2,771	$569K	Add +30.2%
BMY Bristol-Myers Squibb Co.	0.09%	12,530	$565K	New
ANET Arista Networks Inc.	0.09%	3,859	$562K	New
IWN iShares Russell 2000 Value E	0.09%	3,028	$535K	Add +0.9%
HCA HCA Healthcare Inc.	0.08%	1,250	$533K	Add +16.3%
GEHC GE Healthcare Technology	0.08%	6,987	$525K	Add +2.0%
NOW ServiceNow Inc.	0.08%	569	$524K	Add +25.6%
VZ Verizon Communications Inc.	0.08%	11,502	$506K	New
CL Colgate-Palmolive Co.	0.08%	6,176	$494K	Reduce -9.2%
PANW Palo Alto Networks Inc.	0.08%	2,411	$491K	Reduce -28.5%
AFL Aflac Inc.	0.08%	4,364	$487K	Add +7.7%
TSM Taiwan Semiconductor-SP ADR	0.08%	1,727	$482K	Reduce -6.7%
GS Goldman Sachs Group Inc.	0.08%	605	$482K	Add +89.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.08%	4,205	$481K	Add +26.1%
GSLC Goldman Activebeta US LC ETF	0.07%	3,612	$471K	No change
AMGN Amgen Inc.	0.07%	1,644	$464K	Add +63.6%
TMO Thermo Fisher Scientific Inc.	0.07%	944	$458K	Add +79.5%
DVN Devon Energy Corp.	0.07%	12,921	$453K	New
IWP iShares Russell Mid-Cap Grow	0.07%	3,180	$453K	No change
HBAN Huntington Bancshares Inc.	0.07%	26,167	$452K	Add +0.8%
ETR Entergy Corp.	0.07%	4,809	$448K	Add +4.3%
QUS SS SPDR MSCI U Stratfact ETF	0.07%	2,593	$444K	No change
AZN Astrazeneca PLC-Spons ADR	0.07%	5,724	$439K	Add +9.5%
MPLX MPLX LP	0.07%	8,382	$419K	Add +0.4%
INTU Intuit Inc.	0.06%	597	$408K	Add +21.3%
TGT Target Corp.	0.06%	4,467	$401K	Add +22.4%
GLD SPDR Gold Shares	0.06%	1,125	$400K	New
MMM 3M Co.	0.06%	2,540	$394K	Add +19.7%
MDT Medtronic PLC	0.06%	4,106	$391K	New
NBHC National Bank Hold Class A	0.06%	10,091	$390K	No change
AON Aon PLC Class A	0.06%	1,073	$383K	Add +6.1%
WPC WP Carey Inc.	0.06%	5,660	$382K	Reduce -3.4%
ALLY Ally Financial Inc.	0.06%	9,694	$380K	Reduce -52.7%
ALKT Alkami Technology Inc.	0.06%	15,000	$373K	New
IEFA iShares Core MSCI Eafe ETF	0.06%	4,228	$369K	New
IXUS iShares Core Intl Stock ETF	0.06%	4,443	$367K	No change
EMR Emerson Electric Co.	0.06%	2,790	$366K	Add +14.8%
ROP Roper Technologies Inc.	0.06%	728	$363K	Add +31.9%
YUM Yum! Brands Inc.	0.06%	2,348	$357K	Reduce -0.2%
SBAC SBA Communications Corp.	0.05%	1,753	$339K	Reduce -35.7%
DFUS Dimensional US Eq MKT ETF	0.05%	4,666	$338K	No change
BTC Grayscale Bitcoin Mini ETF	0.05%	6,464	$327K	New
LUV Southwest Airlines Co.	0.05%	10,178	$325K	Add +2.2%
ROL Rollins Inc.	0.05%	5,508	$324K	Reduce -2.6%
PLD Prologis Inc.	0.05%	2,800	$321K	Add +19.6%
SPEM State Street SP PTF Em ETF	0.05%	6,647	$311K	Add +13.2%
L Loews Corp.	0.05%	3,097	$311K	Add +0.6%
VTR Ventas Inc.	0.05%	4,342	$304K	Add +1.0%
NUE Nucor Corp.	0.05%	2,195	$297K	Add +3.9%
DGX Quest Diagnostics Inc.	0.05%	1,554	$296K	Add +4.1%
BABA Alibaba Group Holding-SP ADR	0.05%	1,648	$295K	New
FANG Diamondback Energy Inc.	0.05%	2,045	$293K	Add +1.0%
COWZ Pacer US Cash Cows 100 ETF	0.05%	5,065	$291K	Add +9.1%
IVW iShares S&P 500 Growth ETF	0.05%	2,394	$289K	New
CVS CVS Health Corp.	0.05%	3,819	$288K	New
USIG iShares Broad Usd Investment	0.05%	5,484	$286K	New
PGR Progressive Corp.	0.05%	1,155	$285K	Add +14.0%
MSCI MSCI Inc.	0.05%	502	$285K	Add +1.8%
PTLC Pacer Trendpilot US Large Ca	0.05%	5,195	$284K	No change
NVO Novo-Nordisk A/S-Spons ADR	0.04%	5,106	$283K	Reduce -10.9%
CCL Carnival Corp.	0.04%	9,663	$279K	Reduce -41.2%
CPT Camden Property Trust	0.04%	2,610	$279K	Reduce -3.7%
ICE Intercontinental Exchange Inc.	0.04%	1,617	$272K	Add +37.6%
ROK Rockwell Automation Inc.	0.04%	776	$271K	Add +12.3%
TTWO Take-Two Interactive Softwre	0.04%	1,043	$269K	Add +18.3%
DPZ Domino's Pizza Inc.	0.04%	613	$265K	Reduce -2.1%
TOTL SS Doubleline TR Tact ETF	0.04%	6,478	$263K	Add +1.8%
PSA Public Storage	0.04%	905	$261K	Reduce -16.0%
AVB Avalonbay Communities Inc.	0.04%	1,350	$261K	Reduce -3.7%
USTB Victoryshares Short-Term Bon	0.04%	5,074	$259K	New
ECL Ecolab Inc.	0.04%	936	$256K	New
PLTR Palantir Technologies Inc. Class A	0.04%	1,403	$256K	New
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC	0.04%	1,717	$256K	Add +0.8%
OKE Oneok Inc.	0.04%	3,503	$256K	Add +23.6%
SNPS Synopsys Inc.	0.04%	514	$254K	Add +12.2%
JMUB JPMorgan Municipal ETF	0.04%	4,994	$252K	New
AWK American Water Works Co. Inc.	0.04%	1,747	$243K	New
KMI Kinder Morgan Inc.	0.04%	8,432	$239K	New
SYY Sysco Corp.	0.04%	2,876	$237K	Add +2.8%
IJH iShares Core S&P Midcap ETF	0.04%	3,599	$235K	New
PSX Phillips 66	0.04%	1,718	$234K	Add +0.2%
DHR Danaher Corp.	0.04%	1,174	$233K	New
SPMD SS SPDR P S&P 400 Midcap ETF	0.04%	3,992	$228K	No change
DE Deere & Co.	0.04%	493	$225K	New
DLR Digital Realty Trust Inc.	0.04%	1,302	$225K	Add +5.4%
WELL Welltower Inc.	0.04%	1,260	$224K	Reduce -16.7%
UBER Uber Technologies Inc.	0.04%	2,275	$223K	New
REXR Rexford Industrial Realty Inc.	0.03%	5,203	$214K	New
POOL Pool Corp.	0.03%	671	$208K	New
OGN Organon & Co.	0.03%	14,772	$158K	New
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS	0.02%	11,633	$96K	New
NAK Northern Dynasty Minerals	0.01%	32,750	$39K	Reduce -37.9%
CHMI Cherry Hill Mortgage Investm	0.00%	10,100	$24K	New

Other holdings (1): bonds, preferreds, convertibles and warrants · $467K (not counted above)

Security	Class	Shares / Principal	Value	Change
YDESW YD Bio Ltd. -30	*W EXP 08/28/203	219,020	$467K	New

Total filed on the 13F, all lines: $630.0M.

Portfolio Sells Q2 2025 → Q3 2025


LII Lennox International Inc.	Reduce -2.1%	14.95%	−5.00
VB Vanguard Most SM-Cap ETF-Usd	Sold out	0.00%	−3.05
JMBS Janus Henderson Mortg Backed	Sold out	0.00%	−2.32
MUNI PIMCO Intermediate Municipal	Sold out	0.00%	−1.40
CORP PIMCO Inv Grade Corp. BD ETF	Sold out	0.00%	−1.37
SCHX Schwab US Large-Cap ETF	Sold out	0.00%	−1.14
BRK.B Berkshire Hathaway Inc. Class B	Reduce -0.5%	6.39%	−1.10
VTI VG Morningstar TS MKT ETF-US	Sold out	0.00%	−0.77
GOVT iShares US Treasury Bond ETF	Reduce -21.0%	1.34%	−0.69
NUV Nuveen Municipal Value	Sold out	0.00%	−0.69
FNDX Schwab Fndmntl US LRG Co. ETF	Sold out	0.00%	−0.67
SCHM Schwab US Mid Cap ETF	Sold out	0.00%	−0.53
FNDF Schwab Fndmn Intl LRG Co. ETF	Sold out	0.00%	−0.51
QQQ Invesco QQQ Trust Series 1	Sold out	0.00%	−0.36
VIOO Vanguard S&P Small-Cap 600 E	Sold out	0.00%	−0.33
SCHV Schwab US Large-Cap Value	Sold out	0.00%	−0.30
SCHG Schwab US Large-Cap Growth	Sold out	0.00%	−0.29
SPDW Ste STR SPDR PT DW Eu ETF	Sold out	0.00%	−0.29
VMBS Vanguard Mortgage-Backed Sec	Sold out	0.00%	−0.28
FNDA Schwab Fndmntl US SM Co. ETF	Sold out	0.00%	−0.23
VV Vngrd Mrgstr LRG-Cap ETF-Usd	Sold out	0.00%	−0.20
IWO iShares Russell 2000 Growth	Sold out	0.00%	−0.20
SCHZ Schwab US Aggregate Bond ETF	Sold out	0.00%	−0.19
GE General Electric	Reduce -12.8%	1.03%	−0.19
FNDC Schwab Fndmnt Intl SM Eq ETF	Sold out	0.00%	−0.18
CRM Salesforce Inc.	Reduce -2.0%	0.39%	−0.16
PAYX Paychex Inc.	Reduce -4.1%	0.34%	−0.15
KR Kroger Co.	Reduce -7.5%	0.39%	−0.15
VO Vngrd Mrngstr MD-Cap ETF-Usd	Sold out	0.00%	−0.15
TM Toyota Motor Corp. -Spon ADR	Reduce -45.0%	0.14%	−0.14
DOW Dow Inc.	Reduce -0.1%	0.35%	−0.14
VSS Vanguard Ftse All Wo X-US SC	Sold out	0.00%	−0.14
ZTS Zoetis Inc.	Reduce -7.4%	0.27%	−0.10
ABT Abbott Laboratories	Reduce -1.5%	0.41%	−0.10
GEV GE Vernova Inc.	Reduce -12.5%	0.51%	−0.10
ALLY Ally Financial Inc.	Reduce -52.7%	0.06%	−0.09
SHW The Sherwin-Williams Co.	Reduce -5.0%	0.34%	−0.09
SPHQ Invesco S&P 500 Quality ETF	Sold out	0.00%	−0.09
VNQ Vanguard Real Estate ETF	Sold out	0.00%	−0.08
TSCO Tractor Supply Company	Reduce -10.4%	0.32%	−0.08
SUB iShares Short-Term National	Sold out	0.00%	−0.08
ET Energy Transfer LP	Reduce -0.0%	0.27%	−0.07
MS Morgan Stanley	Reduce -5.4%	0.53%	−0.07
PPA Invesco Aerospace & Defense	Sold out	0.00%	−0.07
SBAC SBA Communications Corp.	Reduce -35.7%	0.05%	−0.07
HMC Honda Motor Co. Ltd.-Spons ADR	Sold out	0.00%	−0.07
VGT Vanguard Info Tech ETF	Sold out	0.00%	−0.07
VWO Vanguard Ftse Emerging Marke	Sold out	0.00%	−0.06
OUST Ouster Inc.	Sold out	0.00%	−0.06
PWR Quanta Services Inc.	Sold out	0.00%	−0.06

Portfolio Buys Q2 2025 → Q3 2025


AAPL Apple Inc.	Add +173.8%	12.33%	+7.95
AMZN Amazon.com Inc.	Add +431.3%	4.84%	+3.74
SPY SS SPDR S&P 500 ETF Trust-US	Add +561.4%	4.09%	+3.40
NVDA Nvidia Corp.	Add +289.0%	3.80%	+2.80
META Meta Platforms Inc. Class A	Add +398.7%	2.68%	+2.03
BAC Bank of America Corp.	Add +287.1%	2.18%	+1.56
AVDV Avantis Intl S/C Value ETF	New	1.24%	+1.24
IAU iShares Gold Trust	Add +858.1%	1.20%	+1.07
MSFT Microsoft Corp.	Add +52.9%	3.32%	+0.81
IBIT iShares Bitcoin Trust ETF	New	0.44%	+0.44
BHST Bioharvest Sciences Inc.	Add +676.1%	0.25%	+0.22
IWB iShares Russell 1000 ETF	New	0.17%	+0.17
AVGO Broadcom Inc.	Add +9.8%	1.90%	+0.16
TLT iShares 20+ Year Treasury BD	New	0.13%	+0.13
MU Micron Technology Inc.	New	0.13%	+0.13
LRCX Lam Research Corp.	Add +5.0%	0.70%	+0.11
T AT&T Inc.	New	0.11%	+0.11
GILD Gilead Sciences Inc.	New	0.10%	+0.10
BMY Bristol-Myers Squibb Co.	New	0.09%	+0.09
ANET Arista Networks Inc.	New	0.09%	+0.09
CSCO Cisco Systems Inc.	Add +233.3%	0.14%	+0.09
TSLA Tesla Inc.	Add +16.3%	0.34%	+0.09
ORCL Oracle Corp.	Add +17.2%	0.42%	+0.08
VZ Verizon Communications Inc.	New	0.08%	+0.08
CVX Chevron Corp.	Add +42.6%	0.34%	+0.08
DVN Devon Energy Corp.	New	0.07%	+0.07
GLD SPDR Gold Shares	New	0.06%	+0.06
MDT Medtronic PLC	New	0.06%	+0.06
ALKT Alkami Technology Inc.	New	0.06%	+0.06
IEFA iShares Core MSCI Eafe ETF	New	0.06%	+0.06
ABBV Abbvie Inc.	Add +5.9%	0.67%	+0.06
JNJ Johnson & Johnson	Add +22.3%	0.29%	+0.05
BTC Grayscale Bitcoin Mini ETF	New	0.05%	+0.05
BABA Alibaba Group Holding-SP ADR	New	0.05%	+0.05
IVW iShares S&P 500 Growth ETF	New	0.05%	+0.05
CVS CVS Health Corp.	New	0.05%	+0.05
USIG iShares Broad Usd Investment	New	0.05%	+0.05
SLB SLB Ltd.	Add +111.5%	0.10%	+0.04
USTB Victoryshares Short-Term Bon	New	0.04%	+0.04
ECL Ecolab Inc.	New	0.04%	+0.04
PLTR Palantir Technologies Inc. Class A	New	0.04%	+0.04
JMUB JPMorgan Municipal ETF	New	0.04%	+0.04
AWK American Water Works Co. Inc.	New	0.04%	+0.04
KMI Kinder Morgan Inc.	New	0.04%	+0.04
IJH iShares Core S&P Midcap ETF	New	0.04%	+0.04
DHR Danaher Corp.	New	0.04%	+0.04
DE Deere & Co.	New	0.04%	+0.04
UBER Uber Technologies Inc.	New	0.04%	+0.04
IWM iShares Russell 2000 ETF	Add +62.3%	0.10%	+0.03
REXR Rexford Industrial Realty Inc.	New	0.03%	+0.03

Notes & Other Activity Q2 2025 → Q3 2025


YDESW YD Bio Ltd. -30	*W EXP 08/28/203	New	219,020	$467K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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