MondegarAI
True North Advisors, LLC

Q4 2025 · 13F-HR

True North Advisors, LLCholdings as filed

Filed 2026-01-22 · accession 0001172661-26-000255

$773.5M
Reported value
250
Positions
2025-12-31
Period end
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The Brief · True North Advisors, LLC · Q4 2025

AI · grounded in 13F

True North Advisors, LLC established a new position in VB as its largest buy of the quarter, allocating $16.46M. The fund also opened new positions in IDEV for $16.12M and SCHB for $15.62M. On the sell side, the fund closed its positions in GOVT and KMX, reducing its holdings by $8.45M and $5.55M respectively. Additionally, the fund trimmed its stakes in IWF by 70% and AVGO by 27.32%.

Holdings as filed

CUSIPTickerIssuerValue% port.SharesClassVoting
037833100AAPLAPPLE INC$82.0M10.6%301,690CommonNONE
526107107LIILENNOX INTL INC$81.7M10.6%168,330CommonNONE
084670702BRK/BBERKSHIRE HATHAWAY INC DEL$39.6M5.12%78,793CommonNONE
78462F103SPYSPDR S&P 500 ETF TR$34.1M4.40%49,954CommonNONE
023135106AMZNAMAZON COM INC$31.9M4.13%138,372CommonNONE
67066G104NVDANVIDIA CORPORATION$23.9M3.09%128,133CommonNONE
594918104MSFTMICROSOFT CORP$17.7M2.29%36,579CommonNONE
922908751VBVANGUARD INDEX FDS$16.5M2.13%63,812CommonNONE
46435G326IDEVISHARES TR$16.1M2.08%195,417CommonNONE
808524102SCHBSCHWAB STRATEGIC TR$15.6M2.02%595,340CommonNONE
30303M102METAMETA PLATFORMS INC$15.1M1.96%22,941CommonNONE
060505104BACBANK AMERICA CORP$14.6M1.89%265,583CommonNONE
29287L700FLXRTCW ETF TRUST$14.2M1.83%357,357CommonNONE
46641Q761JQUAJ P MORGAN EXCHANGE TRADED F$12.4M1.61%196,616CommonNONE
46137V357RSPINVESCO EXCHANGE TRADED FD T$11.6M1.50%60,496CommonNONE
921943858VEAVANGUARD TAX-MANAGED FDS$10.9M1.41%174,258CommonNONE
47103U852JMBSJANUS DETROIT STR TR$10.3M1.33%225,335CommonNONE
47103U845JAAAJANUS DETROIT STR TR$9.2M1.19%181,385CommonNONE
11135F101AVGOBROADCOM INC$9.1M1.18%26,335CommonNONE
025072802AVDVAMERICAN CENTY ETF TR$9.0M1.16%95,253CommonNONE
22160K105COSTCOSTCO WHSL CORP NEW$8.8M1.13%10,151CommonNONE
464285204IAUISHARES GOLD TR$8.3M1.07%101,817CommonNONE
30231G102XOMEXXON MOBIL CORP$7.6M0.98%63,242CommonNONE
922908769VTIVANGUARD INDEX FDS$7.1M0.92%21,241CommonNONE
369604301GEGE AEROSPACE$6.6M0.86%21,511CommonNONE
46625H100JPMJPMORGAN CHASE & CO.$6.5M0.85%20,318CommonNONE
72201R866MUNIPIMCO ETF TR$6.3M0.82%120,549CommonNONE
92826C839VVISA INC$6.2M0.80%17,644CommonNONE
46090E103QQQINVESCO QQQ TR$5.8M0.75%9,473CommonNONE
311900104FASTFASTENAL CO$5.6M0.72%139,030CommonNONE
72201R817CORPPIMCO ETF TR$5.2M0.67%52,918CommonNONE
293792107EPDENTERPRISE PRODS PARTNERS L$4.8M0.62%150,001CommonNONE
25434V708DFACDIMENSIONAL ETF TRUST$4.3M0.56%109,176CommonNONE
00287Y109ABBVABBVIE INC$4.3M0.55%18,611CommonNONE
22052L104CTVACORTEVA INC$4.1M0.53%60,756CommonNONE
032095101APHAMPHENOL CORP NEW$4.0M0.52%29,520CommonNONE
617446448MSMORGAN STANLEY$3.8M0.49%21,538CommonNONE
808524755FNDFSCHWAB STRATEGIC TR$3.7M0.48%82,890CommonNONE
532457108LLYELI LILLY & CO$3.6M0.47%3,364CommonNONE
512807306LRCXLAM RESEARCH CORP$3.5M0.45%20,523CommonNONE
00326A104SGOLETFS GOLD TR$3.4M0.45%83,816CommonNONE
36828A101GEVGE VERNOVA INC$3.4M0.44%5,200CommonNONE
573284106MLMMARTIN MARIETTA MATLS INC$3.3M0.43%5,360CommonNONE
863667101SYKSTRYKER CORPORATION$3.1M0.39%8,690CommonNONE
437076102HDHOME DEPOT INC$3.0M0.39%8,849CommonNONE
149123101CATCATERPILLAR INC$3.0M0.38%5,180CommonNONE
88262P102TPLTEXAS PACIFIC LAND CORPORATI$2.9M0.37%10,024CommonNONE
808524508SCHMSCHWAB STRATEGIC TR$2.8M0.36%91,628CommonNONE
78409V104SPGIS&P GLOBAL INC$2.7M0.35%5,157CommonNONE
46641Q332JEPIJ P MORGAN EXCHANGE TRADED F$2.6M0.33%44,825CommonNONE
020002101ALLALLSTATE CORP$2.5M0.32%11,919CommonNONE
002824100ABTABBOTT LABS$2.5M0.32%19,625CommonNONE
501044101KRKROGER CO$2.3M0.30%37,489CommonNONE
260557103DOWDOW INC$2.3M0.30%97,610CommonNONE
00724F101ADBEADOBE INC$2.3M0.29%6,493CommonNONE
808524805SCHFSCHWAB STRATEGIC TR$2.2M0.29%93,415CommonNONE
478160104JNJJOHNSON & JOHNSON$2.1M0.27%10,043CommonNONE
23331A109DHID R HORTON INC$2.1M0.27%14,390CommonNONE
824348106SHWSHERWIN WILLIAMS CO$2.0M0.26%6,304CommonNONE
038222105AMATAPPLIED MATLS INC$2.0M0.26%7,920CommonNONE
464287200IVVISHARES TR$2.0M0.25%2,874CommonNONE
65339F101NEENEXTERA ENERGY INC$1.9M0.25%24,178CommonNONE
464287598IWDISHARES TR$1.9M0.25%9,192CommonNONE
704326107PAYXPAYCHEX INC$1.9M0.25%17,206CommonNONE
882508104TXNTEXAS INSTRS INC$1.8M0.24%10,632CommonNONE
892356106TSCOTRACTOR SUPPLY CO$1.8M0.23%35,425CommonNONE
29273V100ETENERGY TRANSFER L P$1.8M0.23%106,640CommonNONE
46438F101IBITISHARES BITCOIN TRUST ETF$1.7M0.22%34,890CommonNONE
81369Y506XLESELECT SECTOR SPDR TR$1.7M0.22%38,400CommonNONE
464287614IWFISHARES TR$1.7M0.22%3,607CommonNONE
25434V609DFATDIMENSIONAL ETF TRUST$1.7M0.22%28,257CommonNONE
921932828VIOOVANGUARD ADMIRAL FDS INC$1.7M0.22%15,149CommonNONE
74743L100QQNITY ELECTRONICS INC$1.7M0.22%20,544CommonNONE
26614N102DDDUPONT DE NEMOURS INC$1.7M0.21%41,167CommonNONE
166764100CVXCHEVRON CORP NEW$1.6M0.21%10,809CommonNONE
68389X105ORCLORACLE CORP$1.6M0.21%8,305CommonNONE
808524300SCHGSCHWAB STRATEGIC TR$1.6M0.21%48,943CommonNONE
64110D104NTAPNETAPP INC$1.6M0.20%14,676CommonNONE
78463X889SPDWSPDR INDEX SHS FDS$1.6M0.20%35,286CommonNONE
084670108BRK/ABERKSHIRE HATHAWAY INC DEL$1.5M0.20%2CommonNONE
539830109LMTLOCKHEED MARTIN CORP$1.5M0.19%3,012CommonNONE
G0176J109ALLEALLEGION PLC$1.5M0.19%9,107CommonNONE
482480100KLACKLA CORP$1.4M0.18%1,173CommonNONE
595112103MUMICRON TECHNOLOGY INC$1.4M0.18%4,888CommonNONE
620076307MSIMOTOROLA SOLUTIONS INC$1.4M0.18%3,639CommonNONE
58933Y105MRKMERCK & CO INC$1.4M0.18%13,214CommonNONE
808524763FNDASCHWAB STRATEGIC TR$1.4M0.18%43,832CommonNONE
808524409SCHVSCHWAB STRATEGIC TR$1.4M0.17%45,641CommonNONE
98978V103ZTSZOETIS INC$1.3M0.17%10,638CommonNONE
717081103PFEPFIZER INC$1.3M0.17%53,614CommonNONE
761152107RMDRESMED INC$1.3M0.17%5,481CommonNONE
N07059210ASMLASML HOLDING N V$1.3M0.17%1,229CommonNONE
21037T109CEGCONSTELLATION ENERGY CORP$1.3M0.16%3,587CommonNONE
713448108PEPPEPSICO INC$1.2M0.16%8,676CommonNONE
92206C771VMBSVANGUARD SCOTTSDALE FDS$1.2M0.15%25,166CommonNONE
922908637VVVANGUARD INDEX FDS$1.2M0.15%3,729CommonNONE
57636Q104MAMASTERCARD INCORPORATED$1.2M0.15%2,056CommonNONE
464287804IJRISHARES TR$1.2M0.15%9,753CommonNONE
922908595VBKVANGUARD INDEX FDS$1.2M0.15%3,810CommonNONE
46120E602ISRGINTUITIVE SURGICAL INC$1.1M0.15%2,019CommonNONE
742718109PGPROCTER AND GAMBLE CO$1.1M0.15%7,960CommonNONE
446150104HBANHUNTINGTON BANCSHARES INC$1.1M0.15%65,510CommonNONE
243537107DECKDECKERS OUTDOOR CORP$1.1M0.15%10,880CommonNONE
38141G104GSGOLDMAN SACHS GROUP INC$1.1M0.14%1,271CommonNONE
75513E101RTXRTX CORPORATION$1.1M0.14%6,072CommonNONE
88160R101TSLATESLA INC$1.1M0.14%2,442CommonNONE
009158106APDAIR PRODS & CHEMS INC$1.1M0.14%4,439CommonNONE
931142103WMTWALMART INC$1.1M0.14%9,825CommonNONE
688239201OSKOSHKOSH CORP$1.1M0.14%8,596CommonNONE
464287622IWBISHARES TR$1.1M0.14%2,879CommonNONE
747525103QCOMQUALCOMM INC$1.0M0.13%6,038CommonNONE
85207H104PHYSSPROTT ASSET MANAGEMENT LP$1.0M0.13%30,659CommonNONE
91324P102UNHUNITEDHEALTH GROUP INC$1.0M0.13%3,067CommonNONE
90337L108USPHU S PHYSICAL THERAPY$989,7130.13%12,674CommonNONE
808524748FNDCSCHWAB STRATEGIC TR$950,6570.12%21,339CommonNONE
464287432TLTISHARES TR$903,0000.12%10,360CommonNONE
G8994E103TTTRANE TECHNOLOGIES PLC$883,8290.11%2,271CommonNONE
007903107AMDADVANCED MICRO DEVICES INC$873,1300.11%4,077CommonNONE
808524839SCHZSCHWAB STRATEGIC TR$872,5340.11%37,336CommonNONE
78467V848TOTLSSGA ACTIVE ETF TR$862,9200.11%21,439CommonNONE
38150K103AAAUGOLDMAN SACHS PHYSICAL GOLD$851,8510.11%20,020CommonNONE
464287150ITOTISHARES TR$843,6220.11%5,674CommonNONE
697900108PAASPAN AMERN SILVER CORP$827,9240.11%15,980CommonNONE
438516106HONHONEYWELL INTL INC$826,8040.11%4,238CommonNONE
46432F339QUALISHARES TR$805,8010.10%4,057CommonNONE
922908629VOVANGUARD INDEX FDS$797,2110.10%2,747CommonNONE
25434V880DFAXDIMENSIONAL ETF TRUST$795,8070.10%24,314CommonNONE
78467X109DIASPDR DOW JONES INDL AVERAGE$771,1110.10%1,605CommonNONE
922042718VSSVANGUARD INTL EQUITY INDEX F$765,8120.10%5,343CommonNONE
91913Y100VLOVALERO ENERGY CORP$733,2780.09%4,504CommonNONE
191216100KOCOCA COLA CO$726,6170.09%10,394CommonNONE
032654105ADIANALOG DEVICES INC$704,0780.09%2,596CommonNONE
872540109TJXTJX COS INC NEW$694,5110.09%4,521CommonNONE
40412C101HCAHCA HEALTHCARE INC$682,1000.09%1,461CommonNONE
464287655IWMISHARES TR$677,3310.09%2,752CommonNONE
58733R102MELIMERCADOLIBRE INC$668,7340.09%332CommonNONE
548661107LOWLOWES COS INC$667,1070.09%2,766CommonNONE
718172109PMPHILIP MORRIS INTL INC$663,1470.09%4,134CommonNONE
464287465EFAISHARES TR$659,3420.09%6,866CommonNONE
79466L302CRMSALESFORCE INC$655,7220.08%2,475CommonNONE
464287648IWOISHARES TR$631,1620.08%1,954CommonNONE
025816109AXPAMERICAN EXPRESS CO$628,2800.08%1,698CommonNONE
883556102TMOTHERMO FISHER SCIENTIFIC INC$614,8080.08%1,061CommonNONE
907818108UNPUNION PAC CORP$611,7500.08%2,645CommonNONE
09257W100BXMTBLACKSTONE MTG TR INC$590,1010.08%30,847CommonNONE
001055102AFLAFLAC INC$588,8140.08%5,340CommonNONE
580135101MCDMCDONALDS CORP$580,8360.08%1,900CommonNONE
17275R102CSCOCISCO SYS INC$573,3850.07%7,444CommonNONE
36266G107GEHCGE HEALTHCARE TECHNOLOGIES I$571,5910.07%6,969CommonNONE
78464A383SPMBSPDR SERIES TRUST$553,2020.07%24,680CommonNONE
464287630IWNISHARES TR$548,7040.07%3,028CommonNONE
046353108AZNNASTRAZENECA PLC$522,0700.07%5,679CommonNONE
172908105CTASCINTAS CORP$518,7520.07%2,758CommonNONE
874039100TSMTAIWAN SEMICONDUCTOR MFG LTD$512,6620.07%1,687CommonNONE
040413205ANETARISTA NETWORKS INC$500,4040.06%3,819CommonNONE
194162103CLCOLGATE PALMOLIVE CO$487,0000.06%6,163CommonNONE
922042858VWOVANGUARD INTL EQUITY INDEX F$482,0760.06%8,967CommonNONE
872590104TMUST-MOBILE US INC$481,2330.06%2,370CommonNONE
381430503GSLCGOLDMAN SACHS ETF TR$478,1200.06%3,612CommonNONE
64110L106NFLXNETFLIX INC$477,6130.06%5,094CommonNONE
56585A102MPCMARATHON PETE CORP$474,4640.06%2,917CommonNONE
88579Y101MMM3M CO$473,5900.06%2,958CommonNONE
46137V241SPHQINVESCO EXCHANGE TRADED FD T$471,1640.06%6,278CommonNONE
697435105PANWPALO ALTO NETWORKS INC$466,7630.06%2,534CommonNONE
92206C706VGITVANGUARD SCOTTSDALE FDS$452,4720.06%7,550CommonNONE
78468R812QUSSPDR SERIES TRUST$451,6620.06%2,593CommonNONE
55336V100MPLXMPLX LP$449,3790.06%8,420CommonNONE
29364G103ETRENTERGY CORP NEW$449,0280.06%4,858CommonNONE
254687106DISDISNEY WALT CO$448,7870.06%3,945CommonNONE
461202103INTUINTUIT$442,5010.06%668CommonNONE
922908553VNQVANGUARD INDEX FDS$440,7690.06%4,981CommonNONE
81762P102NOWSERVICENOW INC$424,3360.05%2,770CommonNONE
806857108SLBSLB LIMITED$423,3690.05%11,031CommonNONE
025072703AVDEAMERICAN CENTY ETF TR$417,0330.05%5,066CommonNONE
844741108LUVSOUTHWEST AIRLS CO$414,1110.05%10,020CommonNONE
55354G100MSCIMSCI INC$400,4700.05%698CommonNONE
46428Q109SLVISHARES SILVER TR$400,3700.05%6,215CommonNONE
92189F643MOATVANECK ETF TRUST$391,1460.05%3,777CommonNONE
633707104NBHCNATIONAL BK HLDGS CORP$388,5380.05%10,222CommonNONE
235851102DHRDANAHER CORPORATION$388,0320.05%1,695CommonNONE
464287309IVWISHARES TR$386,0500.05%3,132CommonNONE
74340W103PLDPROLOGIS INC.$383,6690.05%3,005CommonNONE
G0403H108AONAON PLC$382,8750.05%1,085CommonNONE
46432F842IEFAISHARES TR$378,2370.05%4,228CommonNONE
031162100AMGNAMGEN INC$376,5250.05%1,150CommonNONE
46432F834IXUSISHARES TR$376,2230.05%4,445CommonNONE
78463V107GLDSPDR GOLD TR$375,7020.05%948CommonNONE
922907746VTEBVANGUARD MUN BD FDS$373,6550.05%7,430CommonNONE
291011104EMREMERSON ELEC CO$368,1770.05%2,774CommonNONE
988498101YUMYUM BRANDS INC$363,5320.05%2,403CommonNONE
87612E106TGTTARGET CORP$357,6960.05%3,659CommonNONE
20825C104COPCONOCOPHILLIPS$356,6180.05%3,810CommonNONE
92936U109WPCWP CAREY INC$355,7820.05%5,528CommonNONE
754198109RAVERAVE RESTAURANT GROUP INC$352,0370.05%106,678CommonNONE
670346105NUENUCOR CORP$352,0130.05%2,158CommonNONE
25434V401DFUSDIMENSIONAL ETF TRUST$346,0770.04%4,666CommonNONE
69374H881COWZPACER FDS TR$335,6280.04%5,578CommonNONE
92276F100VTRVENTAS INC$334,5910.04%4,324CommonNONE
775711104ROLROLLINS INC$334,0710.04%5,566CommonNONE
540424108LLOEWS CORP$332,3610.04%3,156CommonNONE
46641Q647JMUBJ P MORGAN EXCHANGE TRADED F$329,4160.04%6,523CommonNONE
45866F104ICEINTERCONTINENTAL EXCHANGE IN$327,1660.04%2,020CommonNONE
803054204SAPSAP SE$317,7260.04%1,308CommonNONE
921908844VIGVANGUARD SPECIALIZED FUNDS$316,0390.04%1,438CommonNONE
426281101JKHYHENRY JACK & ASSOC INC$315,6900.04%1,730CommonNONE
01644J108ALKTALKAMI TECHNOLOGY INC$312,3220.04%13,538CommonNONE
718546104PSXPHILLIPS 66$308,5510.04%2,391CommonNONE
260003108DOVDOVER CORP$305,5550.04%1,565CommonNONE
922908744VTVVANGUARD INDEX FDS$303,1010.04%1,587CommonNONE
46434V621DGROISHARES TR$300,0330.04%4,322CommonNONE
369550108GDGENERAL DYNAMICS CORP$297,9670.04%885CommonNONE
133131102CPTCAMDEN PPTY TR$291,2720.04%2,646CommonNONE
773903109ROKROCKWELL AUTOMATION INC$290,2520.04%746CommonNONE
69374H105PTLCPACER FDS TR$288,7380.04%5,195CommonNONE
464288620USIGISHARES TR$288,3960.04%5,571CommonNONE
143658300CCL1EURCARNIVAL CORP$287,0660.04%9,400CommonNONE
78463X509SPEMSPDR INDEX SHS FDS$286,1030.04%6,112CommonNONE
682680103OKEONEOK INC NEW$284,8130.04%3,875CommonNONE
464287507IJHISHARES TR$280,1700.04%4,245CommonNONE
74834L100DGXQUEST DIAGNOSTICS INC$272,1030.04%1,568CommonNONE
670100205NVONOVO-NORDISK A S$269,9180.03%5,305CommonNONE
743315103PGRPROGRESSIVE CORP$268,2570.03%1,178CommonNONE
874054109TTWOTAKE-TWO INTERACTIVE SOFTWAR$266,0150.03%1,039CommonNONE
278865100ECLECOLAB INC$259,1070.03%987CommonNONE
25754A201DPZDOMINOS PIZZA INC$258,0120.03%619CommonNONE
053484101AVBAVALONBAY CMNTYS INC$250,9330.03%1,384CommonNONE
389930207BTCGRAYSCALE BITCOIN MINI TR ET$250,5830.03%6,470CommonNONE
921946406VYMVANGUARD WHITEHALL FDS$247,0320.03%1,721CommonNONE
363576109AJGGALLAGHER ARTHUR J & CO$246,1130.03%951CommonNONE
01609W102BABAALIBABA GROUP HLDG LTD$244,9280.03%1,671CommonNONE
69608A108PLTRPALANTIR TECHNOLOGIES INC$243,5180.03%1,370CommonNONE
384109104GGGGRACO INC$239,1060.03%2,917CommonNONE
871607107SNPSSYNOPSYS INC$238,6180.03%508CommonNONE
871829107SYYSYSCO CORP$232,0500.03%3,149CommonNONE
78464A847SPMDSPDR SERIES TRUST$231,1770.03%3,992CommonNONE
336433107FSLRFIRST SOLAR INC$229,6210.03%879CommonNONE
95040Q104WELLWELLTOWER INC$220,3190.03%1,187CommonNONE
74460D109PSAPUBLIC STORAGE OPER CO$219,3280.03%845CommonNONE
G9835J103YDESWYD BIO LTD$218,8090.03%221,019CommonNONE
776696106ROPROPER TECHNOLOGIES INC$217,2230.03%488CommonNONE
25179M103DVNDEVON ENERGY CORP NEW$216,0430.03%5,898CommonNONE
253868103DLRDIGITAL RLTY TR INC$215,2020.03%1,391CommonNONE
571748102MRSHMARSH & MCLENNAN COS INC$214,2760.03%1,155CommonNONE
025072190AVDSAMERICAN CENTY ETF TR$211,1750.03%3,025CommonNONE
866674104SUISUN CMNTYS INC$204,6990.03%1,652CommonNONE
14040H105COFCAPITAL ONE FINL CORP$204,0320.03%842CommonNONE
04010L103ARCCARES CAPITAL CORP$201,8550.03%9,978CommonNONE
571903202MARMARRIOTT INTL INC NEW$201,6760.03%650CommonNONE
09076J207BHSTBIOHARVEST SCIENCES INC$181,2760.02%34,928CommonNONE
66510M204NAKNORTHERN DYNASTY MINERALS LT$44,8180.01%22,750CommonNONE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.