Q3 2026 13F · SEC CIK 1634556

True North Advisors, LLC

Wealth managerFiled 2026-10-22 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.4B
Reported positions: 302
Top holdings a year, 3 yrs: +14.1%
Assets under management: $5.4B

True North Advisors, LLC is a wealth manager that reported 302 positions worth $1.4B in its Q3 2026 13F, filed 2026-10-22. Its largest holdings were Ishares Tr (SGOV, 18.7%), Apple Inc (AAPL, 7.9%), Schwab Strategic Tr (FNDX, 5.0%). A portfolio copying its top holdings returned 14.1% a year over the last 3 years, against 20.4% for the S&P 500.

True North Advisors, LLC holdings largest 50 of 302 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

True North Advisors, LLC 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
SGOVIshares Tr	18.7%	—	2,511,902	—	$252.9M
AAPLApple Inc	7.9%	8.3%	319,401	+6.3%	$106.4M
FNDXSchwab Strategic Tr	5.0%	6.4%	2,163,768	+1.1%	$68.1M
LIILennox Intl Inc	4.1%	8.8%	154,404	-4.2%	$55.0M
AVDSAmerican Centy ETF Tr	2.7%	3.2%	461,539	+2.7%	$36.1M
VOOVanguard Index Fds	2.5%	—	49,013	—	$34.4M
AMZNAmazon Com Inc	2.4%	3.0%	129,617	-2.2%	$32.3M
SPYState Str Spdr S&p 500 ETF T	2.3%	3.0%	41,494	-0.3%	$31.7M
NVDANvidia Corporation	2.1%	2.6%	124,782	-9.6%	$28.5M
GOOGAlphabet Inc	1.9%	—	76,600	—	$26.1M
BRK-BBerkshire Hathaway Inc Del	1.9%	2.4%	51,520	+4.6%	$25.7M
VEAVanguard Ftse Developed Markets Index Fu	1.8%	2.2%	341,816	+8.1%	$24.1M
JPIEJpmorgan Income ETF	1.5%	2.2%	446,378	-8.6%	$20.0M
MSFTMicrosoft Corp	1.5%	1.4%	38,584	-1.1%	$19.8M
FLXRTcw Flexible	1.3%	1.8%	458,562	-5.4%	$17.4M
VBVanguard Index Fds	1.3%	1.8%	60,004	-2.8%	$17.1M
PYLDPimco ETF Tr	1.2%	1.8%	663,875	-7.9%	$16.9M
RSPInvesco Exchange Traded Fd T	1.1%	1.3%	74,636	+15.0%	$15.5M
AVEMAmerican Centy ETF Tr	1.1%	1.4%	163,419	+8.1%	$15.4M
SCHBSchwab Strategic Tr	1.1%	1.4%	504,827	-1.3%	$14.8M
BACBank of Amer Corp	1.1%	1.4%	264,171	+0.1%	$14.4M
COSTCostco Wholesale Corporation	1.0%	1.0%	15,487	+43.8%	$14.1M
GOOGLAlphabet Inc	1.0%	3.1%	40,522	-56.1%	$13.9M
USFRWisdomtree Tr	1.0%	—	260,581	—	$13.1M
IDEVIshares Tr	1.0%	1.2%	143,819	-1.5%	$12.9M
AVDEAvantis International Equity ETF	0.9%	1.0%	137,090	+14.5%	$12.4M
JQUAJpmorgan U.s. Quality Factor ETF	0.9%	1.2%	165,226	-1.2%	$12.2M
METAMeta Platforms Inc	0.8%	0.9%	15,062	-14.6%	$10.9M
AVDVAmerican Centy ETF Tr	0.8%	0.9%	96,301	+0.6%	$10.5M
FASTFastenal Co	0.7%	0.6%	201,758	+49.2%	$10.0M
XOMExxonmobil Holdings Corp	0.7%	—	57,800	—	$9.4M
JMBSJanus Detroit Str Tr	0.7%	1.0%	219,694	-0.7%	$9.3M
AVGOBroadcom Inc	0.7%	0.9%	25,074	+1.4%	$8.8M
GOVTIshares Tr	0.6%	0.8%	342,411	-4.7%	$7.5M
VTIVanguard Index Fds	0.5%	0.7%	19,604	-0.7%	$7.3M
GEGe Aerospace	0.5%	0.8%	22,596	+4.2%	$7.1M
IAUIshares Gold Tr	0.5%	0.6%	89,821	+2.5%	$7.0M
QQQInvesco Qqq Tr	0.5%	0.6%	8,694	-2.5%	$6.4M
SCHXSchwab Strategic Tr	0.5%	0.6%	211,240	-2.5%	$6.3M
VVisa Inc	0.5%	0.6%	16,965	-13.0%	$6.1M
JPMJpmorgan Chase & Co	0.4%	0.6%	17,843	+0.8%	$5.9M
CATCaterpillar Inc	0.4%	0.5%	6,780	+31.9%	$5.5M
VXXBarclays Bank PLC	0.4%	—	301,406	—	$5.3M
MUNIPimco ETF Tr	0.4%	0.6%	105,699	-14.7%	$5.3M
GRBKGreen Brick Partners Inc	0.4%	—	77,400	—	$5.1M
GEVGe Vernova Inc	0.4%	0.6%	5,201	-1.4%	$4.9M
MLMMartin Marietta Matls Inc	0.4%	—	10,270	—	$4.9M
KMXCarmax Inc	0.4%	0.4%	89,388	+3.4%	$4.9M
LLYEli Lilly & Co	0.4%	—	4,217	—	$4.9M
LRCXLam Research Corp	0.4%	0.6%	14,549	-0.9%	$4.8M

What True North Advisors, LLC bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +4.7% /yr; S&P 500 +20.1%
3 years: +14.1% /yr; S&P 500 +20.4%
5 years: +11.7% /yr; S&P 500 +13.0%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$1.4B	302
Q2 2026	$1.0B	291
Q1 2026	$877.3M	245
Q4 2025	$773.5M	250
Q3 2025	$630.0M	215
Q2 2025	$521.8M	222
Q1 2025	$564.1M	243
Q4 2024	$424.2M	185
Q3 2024	$382.2M	185
Q2 2024	$374.3M	198
Q1 2024	$362.3M	196
Q4 2023	$389.4M	189

Questions about True North Advisors, LLC's portfolio

What stocks does True North Advisors, LLC own?

True North Advisors, LLC's latest 13F, for Q3 2026 and filed Oct 22, 2026, lists 302 positions worth $1.4B. The largest are Ishares Tr (SGOV) at 18.7%, Apple Inc (AAPL) at 7.9%, Schwab Strategic Tr (FNDX) at 5.0%, Lennox Intl Inc (LII) at 4.1% and American Centy ETF Tr (AVDS) at 2.7%.

What did True North Advisors, LLC buy last quarter?

In Q3 2026, True North Advisors, LLC added Fastenal Co (FAST) (+49.2% shares), Costco Wholesale Corporation (COST) (+43.8% shares) and Caterpillar Inc (CAT) (+31.9% shares), compared with its Q2 2026 filing.

What did True North Advisors, LLC sell last quarter?

In Q3 2026, True North Advisors, LLC cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Micron Technology Inc (MU), cut from its top 50 Pimco ETF Tr (MINO), cut from its top 50 Enterprise Prods Partners L (EPD), cut from its top 50 Corteva Inc (CTVA), Alphabet Inc (GOOGL) (-56.1% shares), Pimco ETF Tr (MUNI) (-14.7% shares) and Meta Platforms Inc (META) (-14.6% shares), compared with its Q2 2026 filing.

How has True North Advisors, LLC's portfolio performed?

A portfolio copying True North Advisors, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +14.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +4.7% against +20.1%. Over 5 years: +11.7% a year against +13.0%.

When is True North Advisors, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. True North Advisors, LLC's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does True North Advisors, LLC manage?

True North Advisors, LLC reported $5.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.4B.