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Asset Manager ← All Institutions

True North Advisors, LLC

3131 TURTLE CREEK BOULEVARD SUITE 1300, DALLAS, TX 75219 • 214-360-7300

Q1 2026 · Filed 2026-05-07
Market Value
$876M
+13.4%
Holdings
286
+13
New Purchases
39
Added To
73
Closed
43
Reduced
115
Top 10 Concentration
45.0%
Turnover
28.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FNDX 6.59% 0.00% +6.59% $58M
AVDS 3.35% 0.03% +3.33% $29M
JPIE 2.73% 0.00% +2.73% $24M
PYLD 2.30% 0.00% +2.30% $20M
AVEM 0.96% 0.00% +0.96% $8M
GOVT 0.96% 0.00% +0.96% $8M
VEA 2.09% 1.41% +0.68% $18M
SCHX 0.64% 0.00% +0.64% $6M
AVDE 0.68% 0.05% +0.62% $6M
VGLT 0.48% 0.00% +0.48% $4M
FLXR 2.28% 1.83% +0.45% $20M
KMX 0.41% 0.00% +0.41% $4M
CSHI 0.26% 0.00% +0.26% $2M
IJR 0.36% 0.15% +0.20% $3M
XOM 1.18% 0.99% +0.20% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BRK-B 3.12% 5.13% -2.00% $27M
AAPL 8.68% 10.62% -1.94% $76M
LII 8.78% 10.58% -1.80% $77M
JAAA 0.00% 1.19% -1.19% $0
IAU 0.00% 1.07% -1.07% $0
AMZN 3.21% 4.13% -0.93% $28M
SPY 3.57% 4.41% -0.84% $31M
META 1.22% 1.96% -0.74% $11M
IDEV 1.41% 2.09% -0.68% $12M
MSFT 1.63% 2.29% -0.66% $14M
EPD 0.00% 0.62% -0.62% $0
SCHB 1.45% 2.02% -0.58% $13M
NVDA 2.63% 3.09% -0.47% $23M
SGOL 0.00% 0.45% -0.45% $0
JQUA 1.17% 1.61% -0.44% $10M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 53.6%
Technology 17.4%
Industrials 12.2%
Consumer Cyclical 5.5%
Healthcare 3.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 61 $364M 41.5%
Large Cap 191 $391M 44.6%
Mid Cap 21 $61M 6.9%
Small Cap 10 $30M 3.5%
Micro Cap 3 $31M 3.5%

Portfolio Analytics

Avg Market Cap
$208.7B
Median Market Cap
$67.9B
Avg P/E
32.3
Median P/E
24.9
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
187
# ETFs / Funds
99

Top Holdings (286 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LII 8.78% 165,792 $77M $464.13 -$5M -2,538 -1.5%
2 AAPL 8.68% 299,636 $76M $253.79 -$6M -2,054 -0.7%
3 FNDX 6.59% 2,073,839 $58M $27.85 +2,073,839 NEW
4 SPY 3.57% 48,141 $31M $650.33 -$3M -1,813 -3.6%
5 AVDS 3.35% 409,040 $29M $71.85 $29M +406,015 +13422.0%
6 AMZN 3.21% 135,004 $28M $208.27 -$4M -3,368 -2.4%
7 BRK-B 3.12% 57,140 $27M $479.20 -$12M -21,653 -27.5%
8 JPIE 2.73% 519,605 $24M $46.07 +519,605 NEW
9 NVDA 2.63% 131,925 $23M $174.40 -$889K +3,792 +3.0%
10 PYLD 2.30% 769,719 $20M $26.20 +769,719 NEW
11 FLXR 2.28% 508,913 $20M $39.27 $6M +151,556 +42.4%
12 VEA 2.09% 286,089 $18M $64.08 $7M +111,831 +64.2%
13 VB 1.87% 62,645 $16M $261.92 -$52K -1,167 -1.8%
14 MSFT 1.63% 38,683 $14M $370.17 -$3M +2,104 +5.8%
15 BAC 1.47% 265,118 $13M $48.75 -$2M -465 -0.2%
16 SCHB 1.45% 504,798 $13M $25.10 -$3M -90,542 -15.2%
17 IDEV 1.41% 147,898 $12M $83.57 -$4M -47,519 -24.3%
18 RSP 1.30% 59,575 $11M $191.92 -$155K -921 -1.5%
19 COST 1.24% 10,935 $11M $996.45 $2M +784 +7.7%
20 META 1.22% 18,713 $11M $572.14 -$4M -4,228 -18.4%
21 XOM 1.18% 61,124 $10M $169.66 $3M -2,118 -3.4%
22 JQUA 1.17% 167,127 $10M $61.32 -$2M -29,489 -15.0%
23 JMBS 1.17% 226,739 $10M $45.18 -$51K +1,404 +0.6%
24 AVDV 1.06% 93,052 $9M $99.86 $341K -2,201 -2.3%
25 AVEM 0.96% 104,579 $8M $80.58 +104,579 NEW
26 GOVT 0.96% 365,979 $8M $22.91 +365,979 NEW
27 AVGO 0.89% 25,109 $8M $309.51 -$1M -1,226 -4.7%
28 VTI 0.75% 20,620 $7M $320.81 -$506K -621 -2.9%
29 FAST 0.73% 138,361 $6M $46.40 $841K -669 -0.5%
30 MUNI 0.73% 122,045 $6M $52.19 $52K +1,496 +1.2%
31 GE 0.70% 21,632 $6M $283.77 -$488K +121 +0.6%
32 V 0.68% 19,789 $6M $302.24 -$207K +2,145 +12.2%
33 AVDE 0.68% 69,882 $6M $84.84 $6M +64,816 +1279.4%
34 JPM 0.65% 19,356 $6M $294.16 -$853K -962 -4.7%
35 SCHX 0.64% 220,341 $6M $25.64 +220,341 NEW
36 QQQ 0.64% 9,743 $6M $577.19 -$196K +270 +2.9%
37 CTVA 0.58% 60,761 $5M $83.71 $1M +5 +0.0%
38 CORP 0.55% 49,933 $5M $96.80 -$345K -2,985 -5.6%
39 GEV 0.53% 5,273 $5M $872.97 $1M +73 +1.4%
40 VGLT 0.48% 76,440 $4M $55.36 +76,440 NEW
41 DOW 0.47% 99,374 $4M $41.65 $2M +1,764 +1.8%
42 ABBV 0.46% 18,627 $4M $217.49 -$201K +16 +0.1%
43 CAT 0.42% 5,165 $4M $708.47 $692K -15 -0.3%
44 KMX 0.41% 86,635 $4M $41.58 +86,635 NEW
45 MS 0.40% 21,203 $3M $164.57 -$334K -335 -1.6%
46 LRCX 0.39% 16,101 $3M $213.66 -$73K -4,422 -21.6%
47 HD 0.37% 9,827 $3M $328.87 $187K +978 +11.1%
48 FNDF 0.37% 65,982 $3M $48.93 -$519K -16,908 -20.4%
49 MLM 0.36% 5,331 $3M $588.68 -$199K -29 -0.5%
50 SYK 0.36% 9,498 $3M $328.59 $67K +808 +9.3%
51 IJR 0.36% 25,064 $3M $124.31 $2M +15,311 +157.0%
52 DFAC 0.35% 79,903 $3M $38.86 -$1M -29,273 -26.8%
53 LLY 0.34% 3,260 $3M $919.77 -$617K -104 -3.1%
54 IVV 0.33% 4,493 $3M $653.14 $966K +1,619 +56.3%
55 APH 0.32% 22,528 $3M $126.35 -$1M -6,992 -23.7%
56 CVX 0.32% 13,701 $3M $206.90 $1M +2,892 +26.8%
57 SCHM 0.31% 87,706 $3M $30.96 -$40K -3,922 -4.3%
58 AMAT 0.30% 7,658 $3M $341.77 $582K -262 -3.3%
59 KR 0.29% 35,319 $3M $72.36 $213K -2,170 -5.8%
60 JEPI 0.29% 44,983 $3M $56.68 -$16K +158 +0.3%
61 XLE 0.27% 38,601 $2M $61.26 $648K +201 +0.5%
62 Q 0.27% 20,481 $2M $115.38 $686K -63 -0.3%
63 ALL 0.27% 11,290 $2M $207.34 -$140K -629 -5.3%
64 CSHI 0.26% 45,287 $2M $49.78 +45,287 NEW
65 SCHF 0.25% 89,195 $2M $24.75 -$38K -4,220 -4.5%
66 SPGI 0.24% 5,047 $2M $425.34 -$548K -110 -2.1%
67 NEE 0.24% 22,651 $2M $92.88 $163K -1,527 -6.3%
68 LMT 0.23% 3,378 $2M $604.45 $585K +366 +12.2%
69 SHW 0.23% 6,241 $2M $320.53 -$42K -63 -1.0%
70 IWD 0.22% 9,192 $2M $213.67 $31K
71 ABT 0.22% 18,807 $2M $102.67 -$528K -818 -4.2%
72 DHI 0.22% 14,063 $2M $137.22 -$143K -327 -2.3%
73 TSLA 0.22% 5,155 $2M $371.78 $818K +2,713 +111.1%
74 MU 0.22% 5,585 $2M $337.82 $492K +697 +14.3%
75 DD 0.21% 40,990 $2M $45.80 $222K -177 -0.4%
76 DFAT 0.20% 28,257 $2M $62.45 $82K
77 JNJ 0.20% 7,128 $2M $244.44 -$336K -2,915 -29.0%
78 KLAC 0.19% 1,143 $2M $1,472.61 $258K -30 -2.6%
79 ASML 0.19% 1,231 $2M $1,320.83 $311K +2 +0.2%
80 VIOO 0.18% 14,114 $2M $114.83 -$60K -1,035 -6.8%
81 MSI 0.18% 3,659 $2M $433.97 $193K +20 +0.6%
82 TSCO 0.18% 34,964 $2M $45.30 -$188K -461 -1.3%
83 SPDW 0.18% 34,667 $2M $45.65 $16K -619 -1.8%
84 PAYX 0.18% 16,756 $2M $92.12 -$387K -450 -2.6%
85 IWB 0.17% 4,239 $2M $356.60 $436K +1,360 +47.2%
86 SCHG 0.17% 51,760 $2M $29.13 -$89K +2,817 +5.8%
87 ADBE 0.17% 6,120 $1M $243.09 -$785K -373 -5.7%
88 NTAP 0.17% 14,443 $1M $102.39 -$93K -233 -1.6%
89 ANET 0.17% 11,797 $1M $122.78 $948K +7,978 +208.9%
90 BRK-A 0.16% 2 $1M $718,140.00 -$73K
91 IWF 0.16% 3,242 $1M $426.40 -$325K -365 -10.1%
92 ALLE 0.16% 9,380 $1M $145.29 -$87K +273 +3.0%
93 SCHV 0.15% 43,831 $1M $30.50 -$15K -1,810 -4.0%
94 PFE 0.15% 47,318 $1M $28.08 -$6K -6,296 -11.7%
95 WMT 0.15% 10,385 $1M $124.28 $196K +560 +5.7%
96 OSK 0.14% 8,580 $1M $147.21 $183K -16 -0.2%
97 RMD 0.14% 5,422 $1M $224.48 -$103K -59 -1.1%
98 ZTS 0.14% 10,236 $1M $118.21 -$128K -402 -3.8%
99 CME 0.14% 4,083 $1M $295.35 +4,083 NEW
100 VIG 0.13% 5,401 $1M $215.08 $846K +3,963 +275.6%

New Positions

SymbolValue% Port
FNDX $58M 6.59%
JPIE $24M 2.73%
PYLD $20M 2.30%
AVEM $8M 0.96%
GOVT $8M 0.96%
SCHX $6M 0.64%
VGLT $4M 0.48%
KMX $4M 0.41%
CSHI $2M 0.26%
CME $1M 0.14%
RAUS $1M 0.12%
IDXX $793K 0.09%
ADP $749K 0.09%
ACVA $743K 0.08%
ISTR $738K 0.08%

Sold Out Positions

SymbolValue% Port
YUM —%
AVB —%
DLR —%
AJG —%
ET —%
WPC —%
GGG —%
CPT —%
CCL —%
PAAS —%
EPD —%
PLD —%
MMM —%
MPLX —%
NVO —%
View SEC EDGAR Filings for True North Advisors, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms