True North Advisors, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), True North Advisors, LLC reported 244 stock positions worth $877.1 million. Its top holding was Lennox International (LII) at 8.8% of the portfolio, followed by Apple (AAPL, 8.7%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 6.6%). Compared with Q4 2025, it opened 38 new positions, sold out of 43, added to 74 and reduced 116. The biggest buy was a new position in Schwab Fndmntl US LRG Co. ETF (FNDX) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- Dallas, TX
- CIK
- 0001634556
- Portfolio Value
- $877.1M (Q1 2026)
- SEC Filing
- 0001172661-26-001614 ↗ filed May 7, 2026
Holdings Value
Holdings 244 stocks · $877.1M
| LII Lennox International Inc. | 8.77% | 165,792 | $76.9M | Reduce -1.5% |
| AAPL Apple Inc. | 8.67% | 299,636 | $76.0M | Reduce -0.7% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 6.58% | 2,073,839 | $57.8M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.57% | 48,141 | $31.3M | Reduce -3.6% |
| AVDS Avantis Intl SM Cap Eq ETF | 3.35% | 409,040 | $29.4M | Add +13422.0% |
| AMZN Amazon.com Inc. | 3.21% | 135,004 | $28.1M | Reduce -2.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.12% | 57,140 | $27.4M | Reduce -27.5% |
| JPIE JPMorgan Income ETF | 2.73% | 519,605 | $23.9M | New |
| NVDA Nvidia Corp. | 2.62% | 131,925 | $23.0M | Add +3.0% |
| PYLD PIMCO Multisector Bond Actv | 2.30% | 769,719 | $20.2M | New |
| FLXR TCW Flexible Income ETF | 2.28% | 508,913 | $20.0M | Add +42.4% |
| VEA Vanguard Ftse Developed ETF | 2.09% | 286,089 | $18.3M | Add +64.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.87% | 62,645 | $16.4M | Reduce -1.8% |
| MSFT Microsoft Corp. | 1.63% | 38,683 | $14.3M | Add +5.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.47% | 265,118 | $12.9M | Reduce -0.2% |
| SCHB Schwab US Broad Market ETF | 1.44% | 504,798 | $12.7M | Reduce -15.2% |
| IDEV iShares Core MSCI Dev MKTS | 1.41% | 147,898 | $12.4M | Reduce -24.3% |
| RSP Invesco S&P 500 Equal Weight | 1.30% | 59,575 | $11.4M | Reduce -1.5% |
| COST Costco Wholesale Corp. | 1.24% | 10,935 | $10.9M | Add +7.7% |
| META Meta Platforms Inc. Class A | 1.22% | 18,713 | $10.7M | Reduce -18.4% |
| XOM Exxon Mobil Corp. | 1.18% | 61,124 | $10.4M | Reduce -3.4% |
| JQUA JPMorgan US Quality Factor | 1.17% | 167,127 | $10.2M | Reduce -15.0% |
| JMBS Janus Henderson Mortg Backed | 1.17% | 226,739 | $10.2M | Add +0.6% |
| AVDV Avantis Intl S/C Value ETF | 1.06% | 93,052 | $9.3M | Reduce -2.3% |
| AVEM Avantis Emerging Markets Eq | 0.96% | 104,579 | $8.4M | New |
| GOVT iShares US Treasury Bond ETF | 0.96% | 365,979 | $8.4M | New |
| AVGO Broadcom Inc. | 0.89% | 25,109 | $7.8M | Reduce -4.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.75% | 20,620 | $6.6M | Reduce -2.9% |
| FAST Fastenal Co. | 0.73% | 138,361 | $6.4M | Reduce -0.5% |
| MUNI PIMCO Intermediate Municipal | 0.73% | 122,045 | $6.4M | Add +1.2% |
| GE General Electric filed as GE AEROSPACE | 0.70% | 21,632 | $6.1M | Add +0.6% |
| V Visa Inc. Class A | 0.68% | 19,789 | $6.0M | Add +12.2% |
| AVDE Avantis International Equity | 0.68% | 69,882 | $5.9M | Add +1279.4% |
| JPM JPMorgan Chase & Co. | 0.65% | 19,356 | $5.7M | Reduce -4.7% |
| SCHX Schwab US Large-Cap ETF | 0.64% | 220,341 | $5.6M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.64% | 9,743 | $5.6M | Add +2.9% |
| CTVA Corteva Inc. | 0.58% | 60,761 | $5.1M | Add +0.0% |
| CORP PIMCO Inv Grade Corp. BD ETF | 0.55% | 49,933 | $4.8M | Reduce -5.6% |
| GEV GE Vernova Inc. | 0.52% | 5,273 | $4.6M | Add +1.4% |
| VGLT Vanguard Long-Term Treasury | 0.48% | 76,440 | $4.2M | New |
| DOW Dow Inc. filed as DOW HLDGS INC | 0.47% | 99,374 | $4.1M | Add +1.8% |
| ABBV Abbvie Inc. | 0.46% | 18,627 | $4.1M | Add +0.1% |
| CAT Caterpillar Inc. | 0.42% | 5,165 | $3.7M | Reduce -0.3% |
| KMX Carmax Inc. | 0.41% | 86,635 | $3.6M | New |
| MS Morgan Stanley | 0.40% | 21,203 | $3.5M | Reduce -1.6% |
| LRCX Lam Research Corp. | 0.39% | 16,101 | $3.4M | Reduce -21.6% |
| HD Home Depot Inc. | 0.37% | 9,827 | $3.2M | Add +11.1% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.37% | 65,982 | $3.2M | Reduce -20.4% |
| MLM Martin Marietta Materials | 0.36% | 5,331 | $3.1M | Reduce -0.5% |
| SYK Stryker Corp. | 0.36% | 9,498 | $3.1M | Add +9.3% |
| IJR iShares Core S&P Small-Cap E | 0.36% | 25,064 | $3.1M | Add +157.0% |
| DFAC Dimensional US Core Equity 2 | 0.35% | 79,903 | $3.1M | Reduce -26.8% |
| LLY Eli Lilly & Co. | 0.34% | 3,260 | $3.0M | Reduce -3.1% |
| IVV iShares Core S&P 500 ETF | 0.33% | 4,493 | $2.9M | Add +56.3% |
| APH Amphenol Corp. Class A | 0.32% | 22,528 | $2.8M | Reduce -23.7% |
| CVX Chevron Corp. | 0.32% | 13,701 | $2.8M | Add +26.8% |
| SCHM Schwab US Mid Cap ETF | 0.31% | 87,706 | $2.7M | Reduce -4.3% |
| AMAT Applied Materials Inc. | 0.30% | 7,658 | $2.6M | Reduce -3.3% |
| KR Kroger Co. | 0.29% | 35,319 | $2.6M | Reduce -5.8% |
| JEPI JPMorgan Equity Premium Inco | 0.29% | 44,983 | $2.5M | Add +0.3% |
| XLE SS Energy Select Sector | 0.27% | 38,601 | $2.4M | Add +0.5% |
| Q Qnity Electronics Inc. | 0.27% | 20,481 | $2.4M | Reduce -0.3% |
| ALL Allstate Corp. | 0.27% | 11,290 | $2.3M | Reduce -5.3% |
| CSHI Neos Enhanced Income 1-3 Mon | 0.26% | 45,287 | $2.3M | New |
| SCHF Schwab Intl Equity ETF | 0.25% | 89,195 | $2.2M | Reduce -4.5% |
| SPGI S&P Global Inc. | 0.24% | 5,047 | $2.1M | Reduce -2.1% |
| NEE Nextera Energy Inc. | 0.24% | 22,651 | $2.1M | Reduce -6.3% |
| LMT Lockheed Martin Corp. | 0.23% | 3,378 | $2.0M | Add +12.2% |
| SHW The Sherwin-Williams Co. | 0.23% | 6,241 | $2.0M | Reduce -1.0% |
| IWD iShares Russell 1000 Value E | 0.22% | 9,192 | $2.0M | No change |
| ABT Abbott Laboratories | 0.22% | 18,807 | $1.9M | Reduce -4.2% |
| DHI D.R. Horton Inc. | 0.22% | 14,063 | $1.9M | Reduce -2.3% |
| TSLA Tesla Inc. | 0.22% | 5,155 | $1.9M | Add +111.1% |
| MU Micron Technology Inc. | 0.22% | 5,585 | $1.9M | Add +14.3% |
| DD Dupont DE Nemours Inc. | 0.21% | 40,990 | $1.9M | Reduce -0.4% |
| DFAT Dimensional US Target Value | 0.20% | 28,257 | $1.8M | No change |
| JNJ Johnson & Johnson | 0.20% | 7,128 | $1.7M | Reduce -29.0% |
| KLAC KLA Corp. | 0.19% | 1,143 | $1.7M | Reduce -2.6% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.19% | 1,231 | $1.6M | Add +0.2% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.18% | 14,114 | $1.6M | Reduce -6.8% |
| MSI Motorola Solutions Inc. | 0.18% | 3,659 | $1.6M | Add +0.6% |
| TSCO Tractor Supply Company | 0.18% | 34,964 | $1.6M | Reduce -1.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.18% | 34,667 | $1.6M | Reduce -1.8% |
| PAYX Paychex Inc. | 0.18% | 16,756 | $1.5M | Reduce -2.6% |
| IWB iShares Russell 1000 ETF | 0.17% | 4,239 | $1.5M | Add +47.2% |
| SCHG Schwab US Large-Cap Growth | 0.17% | 51,760 | $1.5M | Add +5.8% |
| ADBE Adobe Inc. | 0.17% | 6,120 | $1.5M | Reduce -5.7% |
| NTAP Netapp Inc. | 0.17% | 14,443 | $1.5M | Reduce -1.6% |
| ANET Arista Networks Inc. | 0.17% | 11,797 | $1.4M | Add +208.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.16% | 2 | $1.4M | No change |
| IWF iShares Russell 1000 Growth | 0.16% | 3,242 | $1.4M | Reduce -10.1% |
| ALLE Allegion PLC | 0.16% | 9,380 | $1.4M | Add +3.0% |
| SCHV Schwab US Large-Cap Value | 0.15% | 43,831 | $1.3M | Reduce -4.0% |
| PFE Pfizer Inc. | 0.15% | 47,318 | $1.3M | Reduce -11.7% |
| WMT Walmart Inc. | 0.15% | 10,385 | $1.3M | Add +5.7% |
| OSK Oshkosh Corp. | 0.14% | 8,580 | $1.3M | Reduce -0.2% |
| RMD Resmed Inc. | 0.14% | 5,422 | $1.2M | Reduce -1.1% |
| ZTS Zoetis Inc. | 0.14% | 10,236 | $1.2M | Reduce -3.8% |
| CME Cme Group Inc. | 0.14% | 4,083 | $1.2M | New |
| VIG Vanguard Dividend Apprec ETF | 0.13% | 5,401 | $1.2M | Add +275.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $144K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| YDESW YD Bio Ltd. -30 | *W EXP 08/28/203 | 220,819 | $144K | Reduce -0.1% |
Total filed on the 13F, all lines: $877.3M.
Portfolio Sells Q4 2025 → Q1 2026
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -27.5% | 3.12% | −2.00 |
| AAPL Apple Inc. | Reduce -0.7% | 8.67% | −1.94 |
| LII Lennox International Inc. | Reduce -1.5% | 8.77% | −1.80 |
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −1.19 |
| IAU iShares Gold Trust | Sold out | 0.00% | −1.07 |
| AMZN Amazon.com Inc. | Reduce -2.4% | 3.21% | −0.92 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.6% | 3.57% | −0.84 |
| META Meta Platforms Inc. Class A | Reduce -18.4% | 1.22% | −0.74 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -24.3% | 1.41% | −0.68 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.62 |
| SCHB Schwab US Broad Market ETF | Reduce -15.2% | 1.44% | −0.57 |
| SGOL Abrdn Physical Gold Shares | Sold out | 0.00% | −0.45 |
| JQUA JPMorgan US Quality Factor | Reduce -15.0% | 1.17% | −0.44 |
| BAC Bank of America Corp. | Reduce -0.2% | 1.47% | −0.42 |
| TPL Texas Pacific Land Corp. | Sold out | 0.00% | −0.37 |
| AVGO Broadcom Inc. | Reduce -4.7% | 0.89% | −0.29 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.8% | 1.87% | −0.26 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.23 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.22 |
| DFAC Dimensional US Core Equity 2 | Reduce -26.8% | 0.35% | −0.20 |
| JPM JPMorgan Chase & Co. | Reduce -4.7% | 0.65% | −0.20 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.5% | 1.30% | −0.20 |
| APH Amphenol Corp. Class A | Reduce -23.7% | 0.32% | −0.19 |
| FNDA Schwab Fndmntl US SM Co. ETF | Sold out | 0.00% | −0.18 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.9% | 0.75% | −0.17 |
| PHYS Sprott Physical Gold Trust | Sold out | 0.00% | −0.13 |
| LLY Eli Lilly & Co. | Reduce -3.1% | 0.34% | −0.13 |
| ADBE Adobe Inc. | Reduce -5.7% | 0.17% | −0.12 |
| TXN Texas Instruments Inc. | Reduce -49.8% | 0.12% | −0.12 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -5.6% | 0.55% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -65.3% | 0.06% | −0.12 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -20.4% | 0.37% | −0.12 |
| TOTL SS Doubleline TR Tact ETF | Sold out | 0.00% | −0.11 |
| PAAS Pan American Silver Corp. | Sold out | 0.00% | −0.11 |
| SPGI S&P Global Inc. | Reduce -2.1% | 0.24% | −0.10 |
| DFAX Dimensional World Ex US Core | Sold out | 0.00% | −0.10 |
| ORCL Oracle Corp. | Reduce -23.6% | 0.11% | −0.10 |
| VSS Vanguard Ftse All Wo X-US SC | Sold out | 0.00% | −0.10 |
| AVDV Avantis Intl S/C Value ETF | Reduce -2.3% | 1.06% | −0.10 |
| ABT Abbott Laboratories | Reduce -4.2% | 0.22% | −0.10 |
| MS Morgan Stanley | Reduce -1.6% | 0.40% | −0.10 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -54.0% | 0.06% | −0.09 |
| APD Air Products & Chemicals Inc. | Reduce -62.4% | 0.06% | −0.09 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -45.6% | 0.07% | −0.08 |
| GS Goldman Sachs Group Inc. | Reduce -48.7% | 0.06% | −0.08 |
| PEP Pepsico Inc. | Reduce -46.6% | 0.08% | −0.08 |
| BXMT Blackstone Mortgage Tru Class A | Sold out | 0.00% | −0.08 |
| MLM Martin Marietta Materials | Reduce -0.5% | 0.36% | −0.07 |
| PAYX Paychex Inc. | Reduce -2.6% | 0.18% | −0.07 |
| SPMB SS SPDR P Mort Back Bond ETF | Sold out | 0.00% | −0.07 |
Portfolio Buys Q4 2025 → Q1 2026
| FNDX Schwab Fndmntl US LRG Co. ETF | New | 6.58% | +6.58 |
| AVDS Avantis Intl SM Cap Eq ETF | Add +13422.0% | 3.35% | +3.32 |
| JPIE JPMorgan Income ETF | New | 2.73% | +2.73 |
| PYLD PIMCO Multisector Bond Actv | New | 2.30% | +2.30 |
| AVEM Avantis Emerging Markets Eq | New | 0.96% | +0.96 |
| GOVT iShares US Treasury Bond ETF | New | 0.96% | +0.96 |
| VEA Vanguard Ftse Developed ETF | Add +64.2% | 2.09% | +0.68 |
| SCHX Schwab US Large-Cap ETF | New | 0.64% | +0.64 |
| AVDE Avantis International Equity | Add +1279.4% | 0.68% | +0.62 |
| VGLT Vanguard Long-Term Treasury | New | 0.48% | +0.48 |
| FLXR TCW Flexible Income ETF | Add +42.4% | 2.28% | +0.45 |
| KMX Carmax Inc. | New | 0.41% | +0.41 |
| CSHI Neos Enhanced Income 1-3 Mon | New | 0.26% | +0.26 |
| IJR iShares Core S&P Small-Cap E | Add +157.0% | 0.36% | +0.20 |
| DOW Dow Inc. | Add +1.8% | 0.47% | +0.18 |
| CME Cme Group Inc. | New | 0.14% | +0.14 |
| RAUS Racwi US ETF | New | 0.12% | +0.12 |
| COST Costco Wholesale Corp. | Add +7.7% | 1.24% | +0.11 |
| CVX Chevron Corp. | Add +26.8% | 0.32% | +0.11 |
| ANET Arista Networks Inc. | Add +208.9% | 0.17% | +0.10 |
| VIG Vanguard Dividend Apprec ETF | Add +275.6% | 0.13% | +0.09 |
| IDXX Idexx Laboratories Inc. | New | 0.09% | +0.09 |
| ADP Automatic Data Processing | New | 0.09% | +0.09 |
| GEV GE Vernova Inc. | Add +1.4% | 0.52% | +0.09 |
| ACVA Acv Auctions Inc. Class A | New | 0.08% | +0.08 |
| ISTR Investar Holding Corp. | New | 0.08% | +0.08 |
| TM Toyota Motor Corp. -Spon ADR | New | 0.08% | +0.08 |
| IVV iShares Core S&P 500 ETF | Add +56.3% | 0.33% | +0.08 |
| TSLA Tesla Inc. | Add +111.1% | 0.22% | +0.08 |
| SBUX Starbucks Corp. | New | 0.07% | +0.07 |
| IGSB iShares 1-5Y Inv Grade Corp. | New | 0.07% | +0.07 |
| MTD Mettler-Toledo International | New | 0.07% | +0.07 |
| STLA Stellantis NV | New | 0.06% | +0.06 |
| BHST Bioharvest Sciences Inc. | Add +381.0% | 0.08% | +0.06 |
| CTVA Corteva Inc. | Add +0.0% | 0.58% | +0.05 |
| IYW iShares Ustechnology ETF | New | 0.05% | +0.05 |
| MDY State Street SPDR S&P Midcap | New | 0.05% | +0.05 |
| XLE SS Energy Select Sector | Add +0.5% | 0.27% | +0.05 |
| LMT Lockheed Martin Corp. | Add +12.2% | 0.23% | +0.04 |
| ALLY Ally Financial Inc. | New | 0.04% | +0.04 |
| DCI Donaldson Co. Inc. | New | 0.04% | +0.04 |
| VNQ Vanguard Real Estate ETF | Add +84.3% | 0.09% | +0.04 |
| BMY Bristol-Myers Squibb Co. | New | 0.04% | +0.04 |
| MU Micron Technology Inc. | Add +14.3% | 0.22% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.03% | +0.03 |
| VCIT Vanguard Int-Term Corporate | New | 0.03% | +0.03 |
| WM Waste Management Inc. | New | 0.03% | +0.03 |
| IWB iShares Russell 1000 ETF | Add +47.2% | 0.17% | +0.03 |
| COPX Global X Copper Miners ETF | New | 0.03% | +0.03 |
| DVN Devon Energy Corp. | Add +66.8% | 0.06% | +0.03 |
Notes & Other Activity Q4 2025 → Q1 2026
| YDESW YD Bio Ltd. -30 | *W EXP 08/28/203 | Reduce -0.1% | 220,819 | $144K |
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 |