13F HOLDINGS REPORT
True North Advisors, LLC
Quarter ended Q3 2025 · Filed October 14, 2025 · Accession 0001172661-25-004287
Total Value
$630.0M
Positions
215
Other Managers
0
Confidential Omitted
No
Holdings (215)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | LENNOX INTL INC | 526107107 | 177,727 | $94.1M | 14.93% |
| 2 | APPLE INC | AAPL | 304,809 | $77.6M | 12.32% |
| 3 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 80,072 | $40.3M | 6.39% |
| 4 | AMAZON COM INC | AMZN | 138,757 | $30.5M | 4.84% |
| 5 | SPDR S&P 500 ETF TR | SPY | 38,635 | $25.7M | 4.09% |
| 6 | NVIDIA CORPORATION | NVDA | 128,244 | $23.9M | 3.80% |
| 7 | MICROSOFT CORP | MSFT | 40,408 | $20.9M | 3.32% |
| 8 | META PLATFORMS INC | META | 23,008 | $16.9M | 2.68% |
| 9 | BANK AMERICA CORP | 060505104 | 266,586 | $13.8M | 2.18% |
| 10 | BROADCOM INC | AVGO | 36,236 | $12.0M | 1.90% |
| 11 | COSTCO WHSL CORP NEW | 22160K105 | 9,880 | $9.1M | 1.45% |
| 12 | ISHARES TR | 46429B267 | 365,418 | $8.4M | 1.34% |
| 13 | AMERICAN CENTY ETF TR | 025072802 | 87,812 | $7.8M | 1.24% |
| 14 | EXXON MOBIL CORP | XOM | 68,004 | $7.7M | 1.22% |
| 15 | ISHARES GOLD TR | IAU | 103,876 | $7.6M | 1.20% |
| 16 | FASTENAL CO | FAST | 138,985 | $6.8M | 1.08% |
| 17 | GE AEROSPACE | 369604301 | 21,524 | $6.5M | 1.03% |
| 18 | JPMORGAN CHASE & CO. | VYLD | 20,159 | $6.4M | 1.01% |
| 19 | VISA INC | V | 16,984 | $5.8M | 0.92% |
| 20 | ISHARES TR | 464287614 | 12,025 | $5.6M | 0.89% |
| 21 | CARMAX INC | KMX | 123,742 | $5.6M | 0.88% |
| 22 | ENTERPRISE PRODS PARTNERS L | 293792107 | 150,669 | $4.7M | 0.75% |
| 23 | LAM RESEARCH CORP | LRCX | 32,683 | $4.4M | 0.69% |
| 24 | ABBVIE INC | ABBV | 18,205 | $4.2M | 0.67% |
| 25 | AMPHENOL CORP NEW | 032095101 | 33,555 | $4.2M | 0.66% |
| 26 | CORTEVA INC | CTVA | 60,570 | $4.1M | 0.65% |
| 27 | HOME DEPOT INC | HD | 9,193 | $3.7M | 0.59% |
| 28 | MARTIN MARIETTA MATLS INC | 573284106 | 5,379 | $3.4M | 0.54% |
| 29 | MORGAN STANLEY | MS-PQ | 21,170 | $3.4M | 0.53% |
| 30 | GE VERNOVA INC | GEV | 5,226 | $3.2M | 0.51% |
| 31 | DUPONT DE NEMOURS INC | DD | 41,098 | $3.2M | 0.51% |
| 32 | STRYKER CORPORATION | SYK | 8,565 | $3.2M | 0.50% |
| 33 | TEXAS PACIFIC LAND CORPORATI | TPL | 3,345 | $3.1M | 0.50% |
| 34 | DIMENSIONAL ETF TRUST | 25434V708 | 79,903 | $3.1M | 0.49% |
| 35 | ETFS GOLD TR | 00326A104 | 81,712 | $3.0M | 0.48% |
| 36 | ISHARES BITCOIN TRUST ETF | IBIT | 42,489 | $2.8M | 0.44% |
| 37 | J P MORGAN EXCHANGE TRADED F | 46641Q332 | 47,637 | $2.7M | 0.43% |
| 38 | ORACLE CORP | ORCL-PD | 9,415 | $2.6M | 0.42% |
| 39 | ELI LILLY & CO | LLY | 3,460 | $2.6M | 0.42% |
| 40 | ABBOTT LABS | ABLZF | 19,200 | $2.6M | 0.41% |
| 41 | ALLSTATE CORP | ALL-PJ | 11,746 | $2.5M | 0.40% |
| 42 | SALESFORCE INC | CRM | 10,452 | $2.5M | 0.39% |
| 43 | CATERPILLAR INC | CAT | 5,184 | $2.5M | 0.39% |
| 44 | D R HORTON INC | 23331A109 | 14,526 | $2.5M | 0.39% |
| 45 | KROGER CO | KR | 36,022 | $2.4M | 0.39% |
| 46 | S&P GLOBAL INC | SPGI | 4,988 | $2.4M | 0.39% |
| 47 | DOW INC | DOW | 97,280 | $2.2M | 0.35% |
| 48 | SHERWIN WILLIAMS CO | SHW | 6,257 | $2.2M | 0.34% |
| 49 | CHEVRON CORP NEW | CVX | 13,948 | $2.2M | 0.34% |
| 50 | PAYCHEX INC | PAYX | 16,935 | $2.1M | 0.34% |
| 51 | TESLA INC | TSLA | 4,742 | $2.1M | 0.33% |
| 52 | TEXAS INSTRS INC | 882508104 | 11,390 | $2.1M | 0.33% |
| 53 | TRACTOR SUPPLY CO | TSCO | 35,256 | $2.0M | 0.32% |
| 54 | JOHNSON & JOHNSON | JNJ | 9,928 | $1.8M | 0.29% |
| 55 | ISHARES TR | 464287598 | 8,879 | $1.8M | 0.29% |
| 56 | SELECT SECTOR SPDR TR | 81369Y506 | 19,775 | $1.8M | 0.28% |
| 57 | NETAPP INC | NTAP | 14,805 | $1.8M | 0.28% |
| 58 | ENERGY TRANSFER L P | ET-PI | 97,987 | $1.7M | 0.27% |
| 59 | ZOETIS INC | ZTS | 11,423 | $1.7M | 0.27% |
| 60 | NEXTERA ENERGY INC | NEE-PW | 21,833 | $1.6M | 0.26% |
| 61 | DIMENSIONAL ETF TRUST | 25434V609 | 28,257 | $1.6M | 0.26% |
| 62 | PFIZER INC | PFE | 63,994 | $1.6M | 0.26% |
| 63 | APPLIED MATLS INC | 038222105 | 7,821 | $1.6M | 0.25% |
| 64 | ALLEGION PLC | ALLE | 8,972 | $1.6M | 0.25% |
| 65 | BIOHARVEST SCIENCES INC | BHST | 168,013 | $1.6M | 0.25% |
| 66 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 2 | $1.5M | 0.24% |
| 67 | CONOCOPHILLIPS | COP | 15,871 | $1.5M | 0.24% |
| 68 | ISHARES TR | 464287200 | 2,238 | $1.5M | 0.24% |
| 69 | LOCKHEED MARTIN CORP | LMT | 2,875 | $1.4M | 0.23% |
| 70 | RESMED INC | RSMDF | 5,196 | $1.4M | 0.23% |
| 71 | WALMART INC | WMT | 13,380 | $1.4M | 0.22% |
| 72 | MOTOROLA SOLUTIONS INC | MSI | 2,835 | $1.3M | 0.21% |
| 73 | PROCTER AND GAMBLE CO | 742718109 | 8,269 | $1.3M | 0.20% |
| 74 | KLA CORP | KLAC | 1,161 | $1.3M | 0.20% |
| 75 | ASML HOLDING N V | ASMLF | 1,246 | $1.2M | 0.19% |
| 76 | AIR PRODS & CHEMS INC | AIIR | 4,197 | $1.1M | 0.18% |
| 77 | MASTERCARD INCORPORATED | MA | 1,998 | $1.1M | 0.18% |
| 78 | OSHKOSH CORP | OSK | 8,619 | $1.1M | 0.18% |
| 79 | ISHARES TR | 464287622 | 2,953 | $1.1M | 0.17% |
| 80 | MERCK & CO INC | MRK | 12,787 | $1.1M | 0.17% |
| 81 | DECKERS OUTDOOR CORP | DECK | 10,406 | $1.1M | 0.17% |
| 82 | INTUITIVE SURGICAL INC | ISRG | 2,338 | $1.0M | 0.17% |
| 83 | SPROTT ASSET MANAGEMENT LP | SII | 34,618 | $1.0M | 0.16% |
| 84 | QUALCOMM INC | QCOM | 6,107 | $1.0M | 0.16% |
| 85 | RTX CORPORATION | RTX | 6,040 | $1.0M | 0.16% |
| 86 | NETFLIX INC | NFLX | 824 | $988,415 | 0.16% |
| 87 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 2,109 | $977,991 | 0.16% |
| 88 | TRANE TECHNOLOGIES PLC | TT | 2,266 | $956,109 | 0.15% |
| 89 | PEPSICO INC | PEP | 6,716 | $943,142 | 0.15% |
| 90 | U S PHYSICAL THERAPY | USPH | 10,943 | $929,608 | 0.15% |
| 91 | ACV AUCTIONS INC | ACVA | 92,270 | $914,396 | 0.15% |
| 92 | TOYOTA MOTOR CORP | TOYOF | 4,731 | $904,046 | 0.14% |
| 93 | CISCO SYS INC | CSCO | 12,848 | $879,093 | 0.14% |
| 94 | ISHARES TR | 464287150 | 5,673 | $826,323 | 0.13% |
| 95 | MCDONALDS CORP | MCD | 2,703 | $821,509 | 0.13% |
| 96 | ISHARES TR | 464287432 | 9,057 | $809,426 | 0.13% |
| 97 | UNITEDHEALTH GROUP INC | UNH | 2,322 | $801,906 | 0.13% |
| 98 | MICRON TECHNOLOGY INC | MU | 4,786 | $800,796 | 0.13% |
| 99 | MERCADOLIBRE INC | MELI | 328 | $766,516 | 0.12% |
| 100 | GOLDMAN SACHS PHYSICAL GOLD | 38150K103 | 20,020 | $763,162 | 0.12% |
| 101 | ISHARES TR | 46432F339 | 3,886 | $755,827 | 0.12% |
| 102 | HONEYWELL INTL INC | 438516106 | 3,560 | $749,380 | 0.12% |
| 103 | TJX COS INC NEW | 872540109 | 4,977 | $719,396 | 0.11% |
| 104 | LOWES COS INC | 548661107 | 2,818 | $708,216 | 0.11% |
| 105 | COCA COLA CO | KO | 10,657 | $706,771 | 0.11% |
| 106 | VALERO ENERGY CORP | VLO | 3,991 | $679,554 | 0.11% |
| 107 | VERITEX HLDGS INC | 923451108 | 20,133 | $675,059 | 0.11% |
| 108 | AT&T INC | T-PC | 23,785 | $671,688 | 0.11% |
| 109 | ADVANCED MICRO DEVICES INC | AMD | 4,092 | $662,045 | 0.11% |
| 110 | UNION PAC CORP | UNP | 2,761 | $652,696 | 0.10% |
| 111 | ISHARES TR | 464287655 | 2,688 | $650,383 | 0.10% |
| 112 | ANALOG DEVICES INC | ADI | 2,580 | $633,938 | 0.10% |
| 113 | STARBUCKS CORP | SBUX | 7,325 | $619,718 | 0.10% |
| 114 | PAN AMERN SILVER CORP | 697900108 | 15,980 | $618,905 | 0.10% |
| 115 | GILEAD SCIENCES INC | GILD | 5,565 | $617,683 | 0.10% |
| 116 | PHILIP MORRIS INTL INC | 718172109 | 3,750 | $608,184 | 0.10% |
| 117 | SCHLUMBERGER LTD | SLB | 17,489 | $601,108 | 0.10% |
| 118 | T-MOBILE US INC | TMUSZ | 2,414 | $577,927 | 0.09% |
| 119 | AMERICAN EXPRESS CO | AXP | 1,731 | $574,938 | 0.09% |
| 120 | BLACKSTONE MTG TR INC | BX | 31,065 | $571,905 | 0.09% |
| 121 | ADOBE INC | ADBE | 1,619 | $571,150 | 0.09% |
| 122 | CINTAS CORP | CTAS | 2,771 | $568,875 | 0.09% |
| 123 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 12,530 | $565,105 | 0.09% |
| 124 | ARISTA NETWORKS INC | ANET | 3,859 | $562,295 | 0.09% |
| 125 | ISHARES TR | 464287630 | 3,028 | $535,381 | 0.08% |
| 126 | HCA HEALTHCARE INC | HCA | 1,250 | $532,761 | 0.08% |
| 127 | GE HEALTHCARE TECHNOLOGIES I | GEHC | 6,987 | $524,730 | 0.08% |
| 128 | SERVICENOW INC | NOW | 569 | $523,639 | 0.08% |
| 129 | VERIZON COMMUNICATIONS INC | VZ | 11,502 | $505,510 | 0.08% |
| 130 | COLGATE PALMOLIVE CO | CL | 6,176 | $493,709 | 0.08% |
| 131 | PALO ALTO NETWORKS INC | PANW | 2,411 | $490,928 | 0.08% |
| 132 | AFLAC INC | AFL | 4,364 | $487,426 | 0.08% |
| 133 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,727 | $482,334 | 0.08% |
| 134 | GOLDMAN SACHS GROUP INC | GSCE | 605 | $481,500 | 0.08% |
| 135 | DISNEY WALT CO | 254687106 | 4,205 | $481,437 | 0.08% |
| 136 | GOLDMAN SACHS ETF TR | NVGLF | 3,612 | $470,571 | 0.07% |
| 137 | YD BIO LTD | YDESW | 219,020 | $466,513 | 0.07% |
| 138 | AMGEN INC | AMGN | 1,644 | $463,979 | 0.07% |
| 139 | THERMO FISHER SCIENTIFIC INC | TMO | 944 | $457,865 | 0.07% |
| 140 | DEVON ENERGY CORP NEW | 25179M103 | 12,921 | $453,016 | 0.07% |
| 141 | ISHARES TR | 464287481 | 3,180 | $452,864 | 0.07% |
| 142 | HUNTINGTON BANCSHARES INC | HBANP | 26,167 | $451,912 | 0.07% |
| 143 | ENTERGY CORP NEW | ENO | 4,809 | $448,106 | 0.07% |
| 144 | SPDR SERIES TRUST | 78468R812 | 2,593 | $443,922 | 0.07% |
| 145 | ASTRAZENECA PLC | AZN | 5,724 | $439,145 | 0.07% |
| 146 | MPLX LP | MPLXP | 8,382 | $418,673 | 0.07% |
| 147 | INTUIT | INTU | 597 | $407,703 | 0.06% |
| 148 | TARGET CORP | TGT | 4,467 | $400,658 | 0.06% |
| 149 | SPDR GOLD TR | GLD | 1,125 | $399,904 | 0.06% |
| 150 | 3M CO | MMM | 2,540 | $394,164 | 0.06% |
| 151 | MEDTRONIC PLC | MDT | 4,106 | $391,046 | 0.06% |
| 152 | NATIONAL BK HLDGS CORP | 633707104 | 10,091 | $389,916 | 0.06% |
| 153 | AON PLC | AON | 1,073 | $382,610 | 0.06% |
| 154 | WP CAREY INC | 92936U109 | 5,660 | $382,446 | 0.06% |
| 155 | ALLY FINL INC | 02005N100 | 9,694 | $380,005 | 0.06% |
| 156 | ALKAMI TECHNOLOGY INC | ALKT | 15,000 | $372,600 | 0.06% |
| 157 | ISHARES TR | 46432F842 | 4,228 | $369,147 | 0.06% |
| 158 | ISHARES TR | 46432F834 | 4,443 | $366,937 | 0.06% |
| 159 | EMERSON ELEC CO | EMR | 2,790 | $366,000 | 0.06% |
| 160 | ROPER TECHNOLOGIES INC | ROP | 728 | $363,046 | 0.06% |
| 161 | YUM BRANDS INC | YUM | 2,348 | $356,896 | 0.06% |
| 162 | SBA COMMUNICATIONS CORP NEW | SBAC | 1,753 | $338,943 | 0.05% |
| 163 | DIMENSIONAL ETF TRUST | 25434V401 | 4,666 | $338,005 | 0.05% |
| 164 | GRAYSCALE BITCOIN MINI TR ET | 389930207 | 6,464 | $327,272 | 0.05% |
| 165 | SOUTHWEST AIRLS CO | 844741108 | 10,178 | $324,768 | 0.05% |
| 166 | ROLLINS INC | ROL | 5,508 | $323,540 | 0.05% |
| 167 | PROLOGIS INC. | PLDGP | 2,800 | $320,695 | 0.05% |
| 168 | SPDR INDEX SHS FDS | 78463X509 | 6,647 | $311,146 | 0.05% |
| 169 | LOEWS CORP | L | 3,097 | $310,909 | 0.05% |
| 170 | VENTAS INC | VTR | 4,342 | $303,897 | 0.05% |
| 171 | NUCOR CORP | NUE | 2,195 | $297,276 | 0.05% |
| 172 | QUEST DIAGNOSTICS INC | DGX | 1,554 | $296,166 | 0.05% |
| 173 | ALIBABA GROUP HLDG LTD | BBAAY | 1,648 | $294,538 | 0.05% |
| 174 | DIAMONDBACK ENERGY INC | FANG | 2,045 | $292,637 | 0.05% |
| 175 | PACER FDS TR | 69374H881 | 5,065 | $291,089 | 0.05% |
| 176 | ISHARES TR | 464287309 | 2,394 | $289,004 | 0.05% |
| 177 | CVS HEALTH CORP | CVS | 3,819 | $287,945 | 0.05% |
| 178 | ISHARES TR | 464288620 | 5,484 | $286,387 | 0.05% |
| 179 | PROGRESSIVE CORP | 743315103 | 1,155 | $285,230 | 0.05% |
| 180 | MSCI INC | MSCI | 502 | $284,843 | 0.05% |
| 181 | PACER FDS TR | 69374H105 | 5,195 | $284,478 | 0.05% |
| 182 | NOVO-NORDISK A S | NONOF | 5,106 | $283,332 | 0.04% |
| 183 | CARNIVAL CORP | CUKPF | 9,663 | $279,348 | 0.04% |
| 184 | CAMDEN PPTY TR | 133131102 | 2,610 | $278,696 | 0.04% |
| 185 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 1,617 | $272,445 | 0.04% |
| 186 | ROCKWELL AUTOMATION INC | ROK | 776 | $271,238 | 0.04% |
| 187 | TAKE-TWO INTERACTIVE SOFTWAR | TTWO | 1,043 | $269,469 | 0.04% |
| 188 | DOMINOS PIZZA INC | DPZ | 613 | $264,638 | 0.04% |
| 189 | SSGA ACTIVE ETF TR | 78467V848 | 6,478 | $262,812 | 0.04% |
| 190 | PUBLIC STORAGE OPER CO | PSA-PS | 905 | $261,442 | 0.04% |
| 191 | AVALONBAY CMNTYS INC | AWX | 1,350 | $260,780 | 0.04% |
| 192 | VICTORY PORTFOLIOS II | 92647N535 | 5,074 | $258,704 | 0.04% |
| 193 | ECOLAB INC | ECL | 936 | $256,335 | 0.04% |
| 194 | PALANTIR TECHNOLOGIES INC | PLTR | 1,403 | $255,935 | 0.04% |
| 195 | HENRY JACK & ASSOC INC | 426281101 | 1,717 | $255,713 | 0.04% |
| 196 | ONEOK INC NEW | OKE | 3,503 | $255,614 | 0.04% |
| 197 | SYNOPSYS INC | SNPS | 514 | $253,602 | 0.04% |
| 198 | J P MORGAN EXCHANGE TRADED F | 46641Q647 | 4,994 | $252,057 | 0.04% |
| 199 | AMERICAN WTR WKS CO INC NEW | 030420103 | 1,747 | $243,165 | 0.04% |
| 200 | KINDER MORGAN INC DEL | EP-PC | 8,432 | $238,706 | 0.04% |
| 201 | SYSCO CORP | SYY | 2,876 | $236,823 | 0.04% |
| 202 | ISHARES TR | 464287507 | 3,599 | $234,871 | 0.04% |
| 203 | PHILLIPS 66 | PSX | 1,718 | $233,622 | 0.04% |
| 204 | DANAHER CORPORATION | 235851102 | 1,174 | $232,765 | 0.04% |
| 205 | SPDR SERIES TRUST | 78464A847 | 3,992 | $228,302 | 0.04% |
| 206 | DEERE & CO | DE | 493 | $225,438 | 0.04% |
| 207 | DIGITAL RLTY TR INC | 253868103 | 1,302 | $225,090 | 0.04% |
| 208 | WELLTOWER INC | WELL | 1,260 | $224,456 | 0.04% |
| 209 | UBER TECHNOLOGIES INC | UBER | 2,275 | $222,882 | 0.04% |
| 210 | REXFORD INDL RLTY INC | 76169C100 | 5,203 | $213,895 | 0.03% |
| 211 | POOL CORP | POOL | 671 | $208,057 | 0.03% |
| 212 | ORGANON & CO | OGN | 14,772 | $157,766 | 0.03% |
| 213 | TELEFONAKTIEBOLAGET LM ERICS | 294821608 | 11,633 | $96,208 | 0.02% |
| 214 | NORTHERN DYNASTY MINERALS LT | 66510M204 | 32,750 | $39,300 | 0.01% |
| 215 | CHERRY HILL MTG INVT CORP | 164651101 | 10,100 | $24,139 | 0.00% |