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Livermore
Livermore
ZHEN

True North Advisors, LLC

SEC CIK
0001634556
Latest filing
Jul 22, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Oct 14, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
215
−7 vs. Q2 2025
Portfolio value
$630.0M
+$108.2M (+20.7%) vs. Q2 2025
Filed
Oct 14, 2025
SEC
Holdings of True North Advisors, LLC in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
CHMICherry Hill Mortgage Investment CorpCOM10,100$24.1K<0.1%+10,100NewHistory
NAKNorthern Dynasty Minerals LtdCOM NEW32,750$39.3K<0.1%−20,000−37.9%ReducedHistory
ERICEricsson LM Telephone CoADR B SEK 1011,633$96.2K<0.1%+11,633NewHistory
OGNOrganon & Co.Stock14,772$157.8K<0.1%+14,772NewHistory
POOLPool CorpCOM671$208.1K<0.1%+671NewHistory
REXRRexford Industrial Realty, Inc.COM5,203$213.9K<0.1%+5,203NewHistory
UBERUber Technologies, IncStock2,275$222.9K<0.1%+2,275NewHistory
WELLWelltower Inc.REIT1,260$224.5K<0.1%−252−16.7%ReducedHistory
DLRDigital Realty Trust, Inc.COM1,302$225.1K<0.1%+67+5.4%AddedHistory
DEDeere & CoStock493$225.4K<0.1%+493NewHistory
State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847ETF3,992$228.3K<0.1%00.0%Unchanged–
DHRDanaher CorpStock1,174$232.8K<0.1%+1,174NewHistory
PSXPhillips 66Stock1,718$233.6K<0.1%+3+0.2%AddedHistory
iShares Core S&P Mid-Cap ETF464287507ETF3,599$234.9K<0.1%+3,599New–
SYYSysco CorpStock2,876$236.8K<0.1%+78+2.8%AddedHistory
KMIKinder Morgan, Inc.Stock8,432$238.7K<0.1%+8,432NewHistory
AWKAmerican Water Works Company, Inc.Stock1,747$243.2K<0.1%+1,747NewHistory
J P Morgan Exchange Traded F46641Q647MUNICIPAL ETF4,994$252.1K<0.1%+4,994New–
SNPSSynopsys IncCOM514$253.6K<0.1%+56+12.2%AddedHistory
OKEONEOK IncCOM3,503$255.6K<0.1%+668+23.6%AddedHistory
JKHYJack Henry & Associates IncStock1,717$255.7K<0.1%+14+0.8%AddedHistory
PLTRPalantir Technologies Inc.Stock1,403$255.9K<0.1%+1,403NewHistory
ECLEcolab Inc.Stock936$256.3K<0.1%+936NewHistory
Victory Portfolios II92647N535SHORT TRM BD ETF5,074$258.7K<0.1%+5,074New–
AVBAvalonbay Communities IncCOM1,350$260.8K<0.1%−52−3.7%ReducedHistory
PSAPublic StorageCOM905$261.4K<0.1%−172−16.0%ReducedHistory
Ssga Active ETF Tr78467V848ST STR TOTAL ETF6,478$262.8K<0.1%+113+1.8%Added–
DPZDominos Pizza IncCOM613$264.6K<0.1%−13−2.1%ReducedHistory
TTWOTake Two Interactive Software IncCOM1,043$269.5K<0.1%+161+18.3%AddedHistory
ROKRockwell Automation, IncStock776$271.2K<0.1%+85+12.3%AddedHistory
ICEIntercontinental Exchange, Inc.Stock1,617$272.4K<0.1%+442+37.6%AddedHistory
CPTCamden Property TrustREIT2,610$278.7K<0.1%−101−3.7%ReducedHistory
CCLCarnival Corp Ltd.UNIT 99/99/99999,663$279.3K<0.1%−6,766−41.2%ReducedHistory
NVONovo Nordisk A SADR5,106$283.3K<0.1%−626−10.9%ReducedHistory
Pacer Trendpilot US Large Cap ETF69374H105ETF5,195$284.5K<0.1%00.0%Unchanged–
MSCIMSCI Inc.Stock502$284.8K<0.1%+9+1.8%AddedHistory
PGRProgressive CorpStock1,155$285.2K<0.1%+142+14.0%AddedHistory
iShares Broad Usd Investment Grade Corporate Bond ETF464288620ETF5,484$286.4K<0.1%+5,484New–
CVSCVS Health CorpStock3,819$287.9K<0.1%+3,819NewHistory
iShares S&P 500 Growth ETF464287309ETF2,394$289.0K<0.1%+2,394New–
Pacer US Cash Cows 100 ETF69374H881ETF5,065$291.1K<0.1%+421+9.1%Added–
FANGDiamondback Energy, Inc.Stock2,045$292.6K<0.1%+20+1.0%AddedHistory
BABAAlibaba Group Holding LtdADR1,648$294.5K<0.1%+1,648NewHistory
DGXQuest Diagnostics IncCOM1,554$296.2K<0.1%+61+4.1%AddedHistory
NUENucor CorpCOM2,195$297.3K<0.1%+82+3.9%AddedHistory
VTRVentas, Inc.REIT4,342$303.9K<0.1%+42+1.0%AddedHistory
LLoews CorpCOM3,097$310.9K<0.1%+17+0.6%AddedHistory
SPDR Index Shs FDS78463X509ST PORT MARK ETF6,647$311.1K<0.1%+776+13.2%Added–
PLDPrologis, Inc.REIT2,800$320.7K0.1%+459+19.6%AddedHistory
ROLRollins IncCOM5,508$323.5K0.1%−150−2.7%ReducedHistory
LUVSouthwest Airlines CoCOM10,178$324.8K0.1%+215+2.2%AddedHistory
BTCGrayscale Bitcoin Mini Trust ETFETF6,464$327.3K0.1%+6,464NewHistory
Dimensional ETF Trust25434V401US EQUI MARK ETF4,666$338.0K0.1%00.0%Unchanged–
SBACSba Communications CorpCL A1,753$338.9K0.1%−974−35.7%ReducedHistory
YUMYum Brands IncStock2,348$356.9K0.1%−5−0.2%ReducedHistory
ROPRoper Technologies IncStock728$363.0K0.1%+176+31.9%AddedHistory
EMREmerson Electric CoStock2,790$366.0K0.1%+359+14.8%AddedHistory
iShares Core MSCI Total International Stock ETF46432F834ETF4,443$366.9K0.1%00.0%Unchanged–
iShares Core MSCI Eafe ETF46432F842ETF4,228$369.1K0.1%+4,228New–
ALKTAlkami Technology, Inc.Stock15,000$372.6K0.1%+15,000NewHistory
ALLYAlly Financial Inc.Stock9,694$380.0K0.1%−10,809−52.7%ReducedHistory
WPCW. P. Carey Inc.COM5,660$382.4K0.1%−199−3.4%ReducedHistory
AONAon plcCL A1,073$382.6K0.1%+62+6.1%AddedHistory
NBHCNational Bank Holdings CorpCL A10,091$389.9K0.1%00.0%UnchangedHistory
MDTMedtronic plcStock4,106$391.0K0.1%+4,106NewHistory
MMM3M CoStock2,540$394.2K0.1%+418+19.7%AddedHistory
GLDSPDR Gold TrustETF1,125$399.9K0.1%+1,125NewHistory
TGTTarget CorpStock4,467$400.7K0.1%+817+22.4%AddedHistory
INTUIntuit Inc.Stock597$407.7K0.1%+105+21.3%AddedHistory
MPLXMPLX LPCOM UNIT REP LTD8,382$418.7K0.1%+35+0.4%AddedHistory
AZNAstraZeneca PLCSPONSORED ADR5,724$439.1K0.1%+495+9.5%AddedHistory
SPDR Series Trust78468R812ST STR MSCI USAQ2,593$443.9K0.1%00.0%Unchanged–
ETREntergy CorpCOM4,809$448.1K0.1%+196+4.2%AddedHistory
HBANHuntington Bancshares IncCOM26,167$451.9K0.1%+206+0.8%AddedHistory
iShares Russell Mid-Cap Growth ETF464287481ETF3,180$452.9K0.1%00.0%Unchanged–
DVNDevon Energy CorpStock12,921$453.0K0.1%+12,921NewHistory
TMOThermo Fisher Scientific Inc.Stock944$457.9K0.1%+418+79.5%AddedHistory
AMGNAmgen IncStock1,644$464.0K0.1%+639+63.6%AddedHistory
YDESWYD Bio Ltd*W EXP 08/28/203219,020$466.5K0.1%+219,020NewHistory
Goldman Sachs ETF Tr381430503ACTIVEBETA US LG3,612$470.6K0.1%00.0%Unchanged–
DISWalt Disney CoStock4,205$481.4K0.1%+870+26.1%AddedHistory
GSGoldman Sachs Group IncStock605$481.5K0.1%+285+89.1%AddedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR1,727$482.3K0.1%−124−6.7%ReducedHistory
AFLAflac IncStock4,364$487.4K0.1%+313+7.7%AddedHistory
PANWPalo Alto Networks IncStock2,411$490.9K0.1%−960−28.5%ReducedHistory
CLColgate Palmolive CoStock6,176$493.7K0.1%−629−9.2%ReducedHistory
VZVerizon Communications IncStock11,502$505.5K0.1%+11,502NewHistory
NOWServiceNow, Inc.Stock569$523.6K0.1%+116+25.6%AddedHistory
GEHCGE HealthCare Technologies Inc.Stock6,987$524.7K0.1%+139+2.0%AddedHistory
HCAHCA Healthcare, Inc.COM1,250$532.8K0.1%+175+16.3%AddedHistory
iShares Tr464287630RUS 2000 VAL ETF3,028$535.4K0.1%+26+0.9%Added–
ANETArista Networks, Inc.Stock3,859$562.3K0.1%+3,859NewHistory
BMYBristol Myers Squibb CoStock12,530$565.1K0.1%+12,530NewHistory
CTASCintas CorpStock2,771$568.9K0.1%+642+30.2%AddedHistory
ADBEAdobe Inc.Stock1,619$571.1K0.1%+442+37.6%AddedHistory
BXMTBlackstone Mortgage Trust, Inc.COM CL A31,065$571.9K0.1%+218+0.7%AddedHistory
AXPAmerican Express CoStock1,731$574.9K0.1%+48+2.9%AddedHistory
TMUST-Mobile US, Inc.Stock2,414$577.9K0.1%+1,094+82.9%AddedHistory
SLBSLB LimitedStock17,489$601.1K0.1%+9,221+111.5%AddedHistory
PMPhilip Morris International Inc.Stock3,750$608.2K0.1%+903+31.7%AddedHistory

Sold out since Q2 2025 (43)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of True North Advisors, LLC sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
Vanguard Morningstar Small-Cap ETF922908751ETF67,103$15.9M3.0%–
Janus Detroit STR Tr47103U852HENDERSON MTG269,270$12.1M2.3%–
PIMCO ETF Tr72201R866INTER MUN BD ACT141,748$7.28M1.4%–
PIMCO ETF Tr72201R817INV GRD CRP BD73,494$7.15M1.4%–
Schwab U.S. Large-Cap ETF808524201ETF242,746$5.93M1.1%–
Vanguard Morningstar Total Stock Market ETF922908769ETF13,168$4.00M0.8%–
NUVNuveen Municipal Value Fund IncCOM412,922$3.59M0.7%History
Schwab Fundamental U.S. Large Company ETF808524771ETF142,741$3.50M0.7%–
Schwab U.S. Mid-Cap ETF808524508ETF97,978$2.75M0.5%–
Schwab Fundamental International Equity ETF808524755ETF66,834$2.67M0.5%–
Invesco QQQ Trust Series I46090E103ETF3,390$1.87M0.4%–
Vanguard Admiral FDS Inc921932828SMLLCP 600 IDX17,049$1.73M0.3%–
Schwab U.S. Large-Cap Value ETF808524409ETF57,401$1.59M0.3%–
Schwab U.S. Large-Cap Growth ETF808524300ETF52,689$1.54M0.3%–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF37,528$1.52M0.3%–
Vanguard Mortgage-Backed Securities ETF92206C771ETF31,382$1.45M0.3%–
Schwab Fundamental U.S. Small Company ETF808524763ETF41,982$1.20M0.2%–
Vanguard Morningstar Large-Cap ETF922908637ETF3,729$1.06M0.2%–
iShares Russell 2000 Growth ETF464287648ETF3,658$1.05M0.2%–
Schwab US Aggregate Bond ETF808524839ETF43,401$1.01M0.2%–
Schwab Fundamental International Small Equity ETF808524748ETF21,835$918.1K0.2%–
Vanguard Morningstar Mid-Cap ETF922908629ETF2,747$768.6K0.1%–
Vanguard Ftse All-World Ex-US Small-Cap ETF922042718ETF5,343$718.0K0.1%–
Invesco S&P 500 Quality ETF46137V241ETF6,278$447.4K0.1%–
Vanguard Real Estate ETF922908553ETF4,971$442.7K0.1%–
iShares Tr464288158SHRT NAT MUN ETF3,816$405.8K0.1%–
Invesco Exchange Traded FD T46137V100AEROSPACE DEFN2,549$361.2K0.1%–
HMCHonda Motor Co LtdADR ECH CNV IN 312,359$356.3K0.1%History
Vanguard Information Technology ETF92204A702ETF519$344.4K0.1%–
Vanguard Ftse Emerging Markets ETF922042858ETF6,768$334.8K0.1%–
OUSTOuster, Inc.COM NEW13,773$334.0K0.1%History
PWRQuanta Services, Inc.COM863$326.3K0.1%History
Invesco Exchange Traded FD T46137V837DORS WRI MOM ETF2,874$312.1K0.1%–
ELVElevance Health, Inc.Stock765$297.6K0.1%History
Vanguard High Dividend Yield Index ETF921946406ETF2,129$283.8K0.1%–
VanEck Morningstar Wide Moat ETF92189F643ETF2,994$280.8K0.1%–
Vanguard Morningstar Value ETF922908744ETF1,441$254.7K<0.1%–
Vanguard Dividend Appreciation ETF921908844ETF1,207$247.1K<0.1%–
Vanguard Ftse Developed Markets ETF921943858ETF4,198$239.3K<0.1%–
Vanguard Morningstar Growth ETF922908736ETF544$238.5K<0.1%–
EEFTEuronet Worldwide, Inc.COM2,075$210.4K<0.1%History
Schwab International Equity ETF808524805ETF9,200$203.3K<0.1%–
BBDBank BradescoSP ADR PFD NEW22,267$68.8K<0.1%History