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Livermore
Livermore
ZHEN

True North Advisors, LLC

SEC CIK
0001634556
Latest filing
Jul 22, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Jul 16, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
222
−21 vs. Q1 2025
Portfolio value
$521.8M
−$42.3M (−7.5%) vs. Q1 2025
Filed
Jul 16, 2025
SEC
Holdings of True North Advisors, LLC in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
BBDBank BradescoSP ADR PFD NEW22,267$68.8K<0.1%+22,267NewHistory
NAKNorthern Dynasty Minerals LtdCOM NEW52,750$70.7K<0.1%00.0%UnchangedHistory
BHSTBioharvest Sciences Inc.COM NEW21,648$145.7K<0.1%−22,743−51.2%ReducedHistory
Schwab International Equity ETF808524805ETF9,200$203.3K<0.1%−3,937−30.0%Reduced–
PSXPhillips 66Stock1,715$204.6K<0.1%+1,715NewHistory
EEFTEuronet Worldwide, Inc.COM2,075$210.4K<0.1%00.0%UnchangedHistory
SYYSysco CorpStock2,798$211.9K<0.1%+80+2.9%AddedHistory
TMOThermo Fisher Scientific Inc.Stock526$213.3K<0.1%−149−22.1%ReducedHistory
TTWOTake Two Interactive Software IncCOM882$214.2K<0.1%−183−17.2%ReducedHistory
DLRDigital Realty Trust, Inc.COM1,235$215.3K<0.1%+1,235NewHistory
ICEIntercontinental Exchange, Inc.Stock1,175$215.6K<0.1%−106−8.3%ReducedHistory
State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847ETF3,992$217.1K<0.1%−7−0.2%Reduced–
GSGoldman Sachs Group IncStock320$226.5K<0.1%+320NewHistory
ROKRockwell Automation, IncStock691$229.5K<0.1%+691NewHistory
OKEONEOK IncCOM2,835$231.4K<0.1%−623−18.0%ReducedHistory
WELLWelltower Inc.REIT1,512$232.4K<0.1%−229−13.2%ReducedHistory
SNPSSynopsys IncCOM458$234.8K<0.1%−514−52.9%ReducedHistory
Vanguard Morningstar Growth ETF922908736ETF544$238.5K<0.1%00.0%Unchanged–
Vanguard Ftse Developed Markets ETF921943858ETF4,198$239.3K<0.1%−13,689−76.5%Reduced–
PLDPrologis, Inc.REIT2,341$246.1K<0.1%−4−0.2%ReducedHistory
Vanguard Dividend Appreciation ETF921908844ETF1,207$247.1K<0.1%00.0%Unchanged–
SPDR Index Shs FDS78463X509ST PORT MARK ETF5,871$250.9K<0.1%−2,697−31.5%Reduced–
Vanguard Morningstar Value ETF922908744ETF1,441$254.7K<0.1%−200−12.2%Reduced–
Ssga Active ETF Tr78467V848ST STR TOTAL ETF6,365$255.3K<0.1%00.0%Unchanged–
Pacer US Cash Cows 100 ETF69374H881ETF4,644$255.9K<0.1%−110−2.3%Reduced–
Pacer Trendpilot US Large Cap ETF69374H105ETF5,195$263.7K0.1%+5,195New–
CSCOCisco Systems, Inc.Stock3,855$267.5K0.1%−1,019−20.9%ReducedHistory
DGXQuest Diagnostics IncCOM1,493$268.2K0.1%+5+0.3%AddedHistory
PGRProgressive CorpStock1,013$270.3K0.1%−42−4.0%ReducedHistory
VTRVentas, Inc.REIT4,300$271.5K0.1%00.0%UnchangedHistory
NUENucor CorpCOM2,113$273.7K0.1%+53+2.6%AddedHistory
FANGDiamondback Energy, Inc.Stock2,025$278.3K0.1%−18−0.9%ReducedHistory
SLBSLB LimitedStock8,268$279.5K0.1%−3,946−32.3%ReducedHistory
AMGNAmgen IncStock1,005$280.7K0.1%−260−20.6%ReducedHistory
VanEck Morningstar Wide Moat ETF92189F643ETF2,994$280.8K0.1%00.0%Unchanged–
DPZDominos Pizza IncCOM626$282.1K0.1%00.0%UnchangedHistory
LLoews CorpCOM3,080$282.3K0.1%00.0%UnchangedHistory
Vanguard High Dividend Yield Index ETF921946406ETF2,129$283.8K0.1%−376−15.0%Reduced–
MSCIMSCI Inc.Stock493$284.3K0.1%−14−2.8%ReducedHistory
AVBAvalonbay Communities IncCOM1,402$285.3K0.1%00.0%UnchangedHistory
ELVElevance Health, Inc.Stock765$297.6K0.1%−2,947−79.4%ReducedHistory
CPTCamden Property TrustREIT2,711$305.5K0.1%00.0%UnchangedHistory
JKHYJack Henry & Associates IncStock1,703$306.8K0.1%00.0%UnchangedHistory
Invesco Exchange Traded FD T46137V837DORS WRI MOM ETF2,874$312.1K0.1%00.0%Unchanged–
Dimensional ETF Trust25434V401US EQUI MARK ETF4,666$312.7K0.1%−408−8.0%Reduced–
ROPRoper Technologies IncStock552$312.9K0.1%−140−20.2%ReducedHistory
TMUST-Mobile US, Inc.Stock1,320$314.5K0.1%+87+7.1%AddedHistory
PSAPublic StorageCOM1,077$316.1K0.1%−34−3.1%ReducedHistory
ROLRollins IncCOM5,658$319.2K0.1%00.0%UnchangedHistory
MMM3M CoStock2,122$323.1K0.1%−343−13.9%ReducedHistory
LUVSouthwest Airlines CoCOM9,963$323.2K0.1%+45+0.5%AddedHistory
EMREmerson Electric CoStock2,431$324.1K0.1%−18−0.7%ReducedHistory
PWRQuanta Services, Inc.COM863$326.3K0.1%+13+1.5%AddedHistory
OUSTOuster, Inc.COM NEW13,773$334.0K0.1%+13,773NewHistory
Vanguard Ftse Emerging Markets ETF922042858ETF6,768$334.8K0.1%−6,531−49.1%Reduced–
iShares Core MSCI Total International Stock ETF46432F834ETF4,443$343.5K0.1%+6+0.1%Added–
Vanguard Information Technology ETF92204A702ETF519$344.4K0.1%00.0%Unchanged–
YUMYum Brands IncStock2,353$348.7K0.1%+5+0.2%AddedHistory
HMCHonda Motor Co LtdADR ECH CNV IN 312,359$356.3K0.1%+921+8.1%AddedHistory
iShares Russell 2000 ETF464287655ETF1,656$357.4K0.1%00.0%Unchanged–
TGTTarget CorpStock3,650$360.0K0.1%−342−8.6%ReducedHistory
AONAon plcCL A1,011$360.7K0.1%+280+38.3%AddedHistory
Invesco Exchange Traded FD T46137V100AEROSPACE DEFN2,549$361.2K0.1%00.0%Unchanged–
AZNAstraZeneca PLCSPONSORED ADR5,229$365.4K0.1%+685+15.1%AddedHistory
WPCW. P. Carey Inc.COM5,859$365.5K0.1%00.0%UnchangedHistory
NBHCNational Bank Holdings CorpCL A10,091$379.5K0.1%00.0%UnchangedHistory
ETREntergy CorpCOM4,613$383.5K0.1%−119−2.5%ReducedHistory
INTUIntuit Inc.Stock492$387.5K0.1%+83+20.3%AddedHistory
NVONovo Nordisk A SADR5,732$395.6K0.1%+2,232+63.8%AddedHistory
iShares Tr464288158SHRT NAT MUN ETF3,816$405.8K0.1%00.0%Unchanged–
HCAHCA Healthcare, Inc.COM1,075$411.9K0.1%−168−13.5%ReducedHistory
DISWalt Disney CoStock3,335$413.6K0.1%−36−1.1%ReducedHistory
TJXTJX Companies IncStock3,391$418.8K0.1%−811−19.3%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR1,851$419.2K0.1%+1,851NewHistory
SPDR Series Trust78468R812ST STR MSCI USAQ2,593$422.9K0.1%00.0%Unchanged–
VBTXVeritex Holdings, Inc.COM16,295$425.3K0.1%00.0%UnchangedHistory
AFLAflac IncStock4,051$427.2K0.1%+27+0.7%AddedHistory
MPLXMPLX LPCOM UNIT REP LTD8,347$429.9K0.1%−666−7.4%ReducedHistory
HBANHuntington Bancshares IncCOM25,961$435.1K0.1%+51+0.2%AddedHistory
Goldman Sachs ETF Tr381430503ACTIVEBETA US LG3,612$438.4K0.1%00.0%Unchanged–
iShares Russell Mid-Cap Growth ETF464287481ETF3,180$441.0K0.1%00.0%Unchanged–
Vanguard Real Estate ETF922908553ETF4,971$442.7K0.1%00.0%Unchanged–
Invesco S&P 500 Quality ETF46137V241ETF6,278$447.4K0.1%00.0%Unchanged–
LOWLowes Companies IncStock2,028$450.0K0.1%−174−7.9%ReducedHistory
PAASPan American Silver CorpStock15,980$453.8K0.1%00.0%UnchangedHistory
ADBEAdobe Inc.Stock1,177$455.4K0.1%−186−13.6%ReducedHistory
CCLCarnival Corp Ltd.UNIT 99/99/999916,429$462.0K0.1%−1,050−6.0%ReducedHistory
NOWServiceNow, Inc.Stock453$465.7K0.1%+152+50.5%AddedHistory
iShares Tr464287630RUS 2000 VAL ETF3,002$473.6K0.1%−437−12.7%Reduced–
CTASCintas CorpStock2,129$474.4K0.1%+15+0.7%AddedHistory
UNPUnion Pacific CorpStock2,159$496.8K0.1%−417−16.2%ReducedHistory
ADIAnalog Devices IncStock2,112$502.7K0.1%−137−6.1%ReducedHistory
GEHCGE HealthCare Technologies Inc.Stock6,848$507.2K0.1%+24+0.4%AddedHistory
PMPhilip Morris International Inc.Stock2,847$518.6K0.1%+93+3.4%AddedHistory
AMDAdvanced Micro Devices IncStock3,658$519.1K0.1%+98+2.8%AddedHistory
VLOValero Energy CorpStock3,878$521.2K0.1%+170+4.6%AddedHistory
AXPAmerican Express CoStock1,683$537.0K0.1%+235+16.2%AddedHistory
UNHUnitedHealth Group IncStock1,728$539.0K0.1%+139+8.7%AddedHistory
BXMTBlackstone Mortgage Trust, Inc.COM CL A30,847$593.8K0.1%+6,338+25.9%AddedHistory
PEPPepsiCo IncStock4,614$609.2K0.1%−8−0.2%ReducedHistory

Sold out since Q1 2025 (33)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of True North Advisors, LLC sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
GOOGAlphabet Inc.Stock38,822$6.07M1.1%History
GOOGLAlphabet Inc.Stock29,749$4.60M0.8%History
Vanguard S&P 500 ETF922908363ETF8,467$4.35M0.8%–
MKLMarkel Group Inc.COM2,185$4.09M0.7%History
ACNAccenture plcStock9,738$3.04M0.5%History
BXBlackstone Inc.COM15,638$2.19M0.4%History
APOApollo Global Management, Inc.COM15,311$2.10M0.4%History
CBRECbre Group, Inc.CL A13,267$1.74M0.3%History
FISVFiserv IncStock7,633$1.69M0.3%History
BKNGBooking Holdings Inc.Stock173$797.0K0.1%History
Vanguard Intermediate-Term Corporate Bond ETF92206C870ETF9,643$788.4K0.1%–
Vanguard Star FDS921909768VG TL INTL STK F10,029$622.8K0.1%–
iShares Tr464288687PFD AND INCM SEC15,751$484.0K0.1%–
CBChubb LtdStock1,439$434.6K0.1%History
LINLinde PLCStock921$428.9K0.1%History
EQIXEquinix IncCOM505$411.8K0.1%History
BLKBlackRock, Inc.Stock424$401.3K0.1%History
OXYOccidental Petroleum CorpStock6,272$309.6K0.1%History
Vanguard Mun BD FDS922907746TAX EXEMPT BD6,112$303.3K0.1%–
iShares Inc46434G764MSCI EMRG CHN5,342$294.3K0.1%–
APTVAptiv PLCStock4,493$267.3K<0.1%History
HESHess CorpStock1,625$259.6K<0.1%History
AWKAmerican Water Works Company, Inc.Stock1,734$255.8K<0.1%History
GLDSPDR Gold TrustETF866$249.5K<0.1%History
AMTAmerican Tower CorpREIT1,145$249.2K<0.1%History
iShares Core S&P Mid-Cap ETF464287507ETF3,825$223.2K<0.1%–
ANETArista Networks, Inc.Stock2,725$211.1K<0.1%History
CCICrown Castle Inc.REIT2,006$209.1K<0.1%History
ECLEcolab Inc.Stock816$206.9K<0.1%History
DHRDanaher CorpStock1,006$206.2K<0.1%History
EOGEOG Resources IncStock1,588$203.6K<0.1%History
ARCCAres Capital CorpCEF9,143$202.6K<0.1%History
POOLPool CorpCOM635$202.2K<0.1%History