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

0$500.0M$1.0B$1.5B Q1 2024: $362.3M Q1 2024 Q2 2024: $374.3M Q2 2024 Q3 2024: $382.2M Q3 2024 Q4 2024: $424.2M Q4 2024 Q1 2025: $564.1M Q1 2025 Q2 2025: $521.8M Q2 2025 Q3 2025: $629.5M Q3 2025 Q4 2025: $773.3M Q4 2025 Q1 2026: $877.1M $877.1M Q1 2026 Q2 2026: $1.0B Q2 2026

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%
ISRG Intuitive Surgical Inc. 0.13% 2,385 $1.1M Add +18.1%
PG The Procter & Gamble Co. 0.13% 7,606 $1.1M Reduce -4.5%
RTX RTX Corp. 0.12% 5,660 $1.1M Reduce -6.8%
USPH U.S. Physical Therapy Inc. 0.12% 14,388 $1.1M Add +13.5%
HON Honeywell International Inc. 0.12% 4,729 $1.1M Add +11.6%
DECK Deckers Outdoor Corp. 0.12% 10,668 $1.1M Reduce -1.9%
RAUS Racwi US ETF 0.12% 41,015 $1.0M New
TXN Texas Instruments Inc. 0.12% 5,341 $1.0M Reduce -49.8%
HBAN Huntington Bancshares Inc. 0.12% 65,003 $1.0M Reduce -0.8%
CEG Constellation Energy 0.11% 3,533 $987K Reduce -1.5%
MA Mastercard Inc. Class A 0.11% 1,912 $955K Reduce -7.0%
TT Trane Technologies PLC 0.11% 2,255 $940K Reduce -0.7%
ORCL Oracle Corp. 0.11% 6,347 $934K Reduce -23.6%
AAAU Goldman Sachs Physical Gold 0.11% 20,020 $925K No change
TLT iShares 20+ Year Treasury BD 0.10% 10,380 $900K Add +0.2%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.10% 2,949 $891K Reduce -22.6%
VLO Valero Energy Corp. 0.10% 3,568 $882K Reduce -20.8%
QCOM Qualcomm Inc. 0.10% 6,844 $881K Add +13.3%
AMD Advanced Micro Devices 0.10% 4,101 $834K Add +0.6%
ADI Analog Devices Inc. 0.09% 2,568 $817K Reduce -1.1%
VNQ Vanguard Real Estate ETF 0.09% 9,181 $814K Add +84.3%
ITOT iShares Core S&P Total U.S. 0.09% 5,685 $810K Add +0.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 2,805 $806K Add +2.1%
IDXX Idexx Laboratories Inc. 0.09% 1,411 $793K New
EFA iShares MSCI Eafe ETF 0.09% 8,003 $777K Add +16.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.09% 4,818 $769K Add +6.6%
QUAL iShares MSCI USA Quality Fac 0.09% 3,936 $755K Reduce -3.0%
KO The Coca-Cola Co. 0.09% 9,879 $751K Reduce -5.0%
ADP Automatic Data Processing 0.09% 3,686 $749K New
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.09% 1,616 $748K Add +0.7%
FNDC Schwab Fndmnt Intl SM Eq ETF 0.08% 16,070 $745K Reduce -24.7%
ACVA Acv Auctions Inc. Class A 0.08% 175,170 $743K New
ISTR Investar Holding Corp. 0.08% 27,060 $738K New
BHST Bioharvest Sciences Inc. 0.08% 168,013 $729K Add +381.0%
PEP Pepsico Inc. 0.08% 4,634 $720K Reduce -46.6%
TM Toyota Motor Corp. -Spon ADR 0.08% 3,430 $707K New
IWM iShares Russell 2000 ETF 0.08% 2,824 $700K Add +2.6%
HCA HCA Healthcare Inc. 0.08% 1,426 $675K Reduce -2.4%
SBUX Starbucks Corp. 0.07% 7,206 $646K New
PM Philip Morris International 0.07% 3,904 $646K Reduce -5.6%
UNP Union Pacific Corp. 0.07% 2,611 $633K Reduce -1.3%
IGSB iShares 1-5Y Inv Grade Corp. 0.07% 11,912 $626K New
MTD Mettler-Toledo International 0.07% 491 $619K New
IWO iShares Russell 2000 Growth 0.07% 1,954 $613K No change
TSM Taiwan Semiconductor-SP ADR 0.07% 1,813 $613K Add +7.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.07% 2,029 $606K Reduce -45.6%
AMGN Amgen Inc. 0.07% 1,720 $605K Add +49.6%
MCD McDonald's Corp. 0.07% 1,917 $596K Add +0.9%
NFLX Netflix Inc. 0.07% 6,127 $589K Add +20.3%
AFL Aflac Inc. 0.07% 5,308 $582K Reduce -0.6%
LOW Lowe's Cos Inc. 0.07% 2,454 $580K Reduce -11.3%
MELI MercadoLibre Inc. 0.07% 334 $577K Add +0.6%
IWN iShares Russell 2000 Value E 0.07% 3,028 $574K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.07% 11,430 $570K Add +53.8%
STLA Stellantis NV 0.06% 80,123 $568K New
CSCO Cisco Systems Inc. 0.06% 7,187 $558K Reduce -3.5%
AZN Astrazeneca PLC 0.06% 2,815 $555K Reduce -0.9%
MRK Merck & Co. Inc. 0.06% 4,585 $552K Reduce -65.3%
GS Goldman Sachs Group Inc. 0.06% 652 $551K Reduce -48.7%
VMBS Vanguard Mortgage-Backed Sec 0.06% 11,584 $544K Reduce -54.0%
UNH Unitedhealth Group Inc. 0.06% 2,005 $543K Reduce -34.6%
CL Colgate-Palmolive Co. 0.06% 5,977 $509K Reduce -3.0%
VWO Vanguard Ftse Emerging Marke 0.06% 9,392 $508K Add +4.7%
GSLC Goldman Activebeta US LC ETF 0.06% 4,030 $504K Add +11.6%
ETR Entergy Corp. 0.06% 4,470 $502K Reduce -8.0%
DVN Devon Energy Corp. 0.06% 9,838 $495K Add +66.8%
GEHC GE Healthcare Technology 0.06% 6,910 $492K Reduce -0.8%
APD Air Products & Chemicals Inc. 0.06% 1,669 $485K Reduce -62.4%
TMO Thermo Fisher Scientific Inc. 0.06% 985 $484K Reduce -7.2%
CTAS Cintas Corp. 0.05% 2,833 $479K Add +2.7%
TMUS T-Mobile US Inc. 0.05% 2,269 $477K Reduce -4.3%
SPHQ Invesco S&P 500 Quality ETF 0.05% 6,278 $472K No change
SLB SLB Ltd. filed as SLB LIMITED 0.05% 9,140 $470K Reduce -17.1%
PANW Palo Alto Networks Inc. 0.05% 2,888 $463K Add +14.0%
AXP American Express Co. 0.05% 1,495 $452K Reduce -12.0%
VGIT Vanguard Intermediate-Term T 0.05% 7,550 $450K No change
QUS SS SPDR MSCI U Stratfact ETF 0.05% 2,593 $445K No change
IYW iShares Ustechnology ETF 0.05% 2,420 $439K New
TGT Target Corp. 0.05% 3,588 $435K Reduce -1.9%
MDY State Street SPDR S&P Midcap 0.05% 689 $425K New
CRM Salesforce Inc. 0.05% 2,274 $425K Reduce -8.1%
AON Aon PLC Class A 0.05% 1,315 $424K Add +21.2%
SCHZ Schwab US Aggregate Bond ETF 0.05% 18,236 $423K Reduce -51.2%
MSCI MSCI Inc. 0.05% 759 $409K Add +8.7%
COP Conocophillips 0.05% 3,051 $403K Reduce -19.9%
NBHC National Bank Hold Class A 0.05% 10,247 $401K Add +0.2%
IXUS iShares Core Intl Stock ETF 0.04% 4,445 $385K No change
PLTR Palantir Technologies Inc. Class A 0.04% 2,596 $380K Add +89.5%
ALLY Ally Financial Inc. 0.04% 9,657 $379K New
LUV Southwest Airlines Co. 0.04% 9,900 $372K Reduce -1.2%
MOAT Vaneck Morningstar Wide Moat 0.04% 3,777 $365K No change
NUE Nucor Corp. 0.04% 2,091 $354K Reduce -3.1%
DCI Donaldson Co. Inc. 0.04% 4,033 $342K New
EMR Emerson Electric Co. 0.04% 2,605 $341K Reduce -6.1%
MRSH Marsh & McLennan Cos 0.04% 1,958 $340K Add +69.5%
DOV Dover Corp. 0.04% 1,610 $336K Add +2.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 3,475 $335K Reduce -11.9%
PSX Phillips 66 0.04% 1,785 $325K Reduce -25.4%
NOW ServiceNow Inc. 0.04% 3,105 $325K Add +12.1%
INTU Intuit Inc. 0.04% 748 $323K Add +12.0%
ICE Intercontinental Exchange Inc. 0.04% 1,997 $314K Reduce -1.1%
BMY Bristol-Myers Squibb Co. 0.04% 5,148 $312K New
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 1,587 $311K No change
DFUS Dimensional US Eq MKT ETF 0.04% 4,330 $307K Reduce -7.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 696 $304K New
DGX Quest Diagnostics Inc. 0.03% 1,530 $300K Reduce -2.4%
VCIT Vanguard Int-Term Corporate 0.03% 3,572 $296K New
ROL Rollins Inc. 0.03% 5,508 $294K Reduce -1.0%
WM Waste Management Inc. 0.03% 1,278 $294K New
IEFA iShares Core MSCI Eafe ETF 0.03% 3,223 $292K Reduce -23.8%
IJH iShares Core S&P Midcap ETF 0.03% 4,306 $291K Add +1.4%
COPX Global X Copper Miners ETF 0.03% 3,767 $288K New
USIG iShares Broad Usd Investment 0.03% 5,613 $288K Add +0.8%
RAVE Rave Restaurant Group Inc. 0.03% 106,678 $283K No change
PTLC Pacer Trendpilot US Large Ca 0.03% 5,195 $273K No change
IVW iShares S&P 500 Growth ETF 0.03% 2,394 $271K Reduce -23.6%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.03% 1,703 $269K Reduce -1.6%
ECL Ecolab Inc. 0.03% 983 $261K Reduce -0.4%
ROK Rockwell Automation Inc. 0.03% 729 $261K Reduce -2.3%
VYM Vanguard High DVD Yield ETF 0.03% 1,721 $255K No change
DPZ Domino's Pizza Inc. 0.03% 691 $248K Add +11.6%
SPEM State Street SP PTF Em ETF 0.03% 5,275 $247K Reduce -13.7%
DE Deere & Co. 0.03% 435 $245K New
SPMD SS SPDR P S&P 400 Midcap ETF 0.03% 3,992 $236K No change
CMI Cummins Inc. 0.03% 438 $236K New
TTWO Take-Two Interactive Softwre 0.03% 1,193 $236K Add +14.8%
MPC Marathon Petroleum Corp. 0.03% 942 $230K Reduce -67.7%
WAB Wabtec Corp. 0.03% 915 $229K New
EOG EOG Resources Inc. 0.03% 1,575 $228K New
DHR Danaher Corp. 0.03% 1,199 $227K Reduce -29.3%
SAP Sap SE-Sponsored ADR 0.03% 1,298 $222K Reduce -0.8%
SNPS Synopsys Inc. 0.03% 558 $221K Add +9.8%
T AT&T Inc. 0.03% 7,624 $221K New
GD General Dynamics Corp. 0.03% 644 $221K Reduce -27.2%
SYY Sysco Corp. 0.02% 3,060 $218K Reduce -2.8%
DXJ Wisdomtree Japan Hedged Eq 0.02% 1,368 $217K New
ENB Enbridge Inc. 0.02% 3,928 $213K New
PGR Progressive Corp. 0.02% 1,066 $211K Reduce -9.5%
COF Capital One Financial Corp. 0.02% 1,148 $209K Add +36.3%
UBER Uber Technologies Inc. 0.02% 2,885 $208K New
BABA Alibaba Group Holding-SP ADR 0.02% 1,648 $207K Reduce -1.4%
MAR Marriott International Class A 0.02% 618 $202K Reduce -4.9%
ARCC Ares Capital Corp. 0.02% 10,278 $185K Add +3.0%
GBDC Golub Capital BDC Inc. 0.02% 13,420 $170K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $144K (not counted above)
SecurityClassShares / PrincipalValueChange
YDESW YD Bio Ltd. -30 *W EXP 08/28/203 220,819$144KReduce -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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 290$1.0BLII, AAPL, FNDX, AVDS, GOOGL
Q1 2026 244$877.1MLII, AAPL, FNDX, SPY, AVDS
Q4 2025 249$773.3MAAPL, LII, BRK.B, SPY, AMZN
Q3 2025 214$629.5MLII, AAPL, BRK.B, AMZN, SPY
Q2 2025 222$521.8MLII, BRK.B, AAPL, VB, MSFT
Q1 2025 243$564.1MLII, BRK.B, AAPL, VB, JMBS
Q4 2024 185$424.2MLII, BRK.B, AAPL, MSFT, COST
Q3 2024 185$382.2MLII, BRK.B, AAPL, MSFT, GOOG
Q2 2024 198$374.3MLII, BRK.B, AAPL, MSFT, GOOG
Q1 2024 195$362.3MLII, BRK.B, AAPL, MSFT, GOOG