SEC 13F Intelligence

Managers / Q1 2026

True North Advisors, LLC

CIK 0001634556 · 3131 TURTLE CREEK BOULEVARD, SUITE 1300, DALLAS, TX, 75219 · 214-360-7300

Reported Value
$877M
Q1 2026
Positions
245
Filings on Record
26
2019–present window
Filed
May 7, 2026
original filing

Summary

True North Advisors, Llc reported $877M in U.S.-listed holdings across 245 positions for Q1 2026.

Its largest position, LII, represents 8.8% of the portfolio.

Compared with Q4 2025, the fund opened 39 new positions and exited 44.

Reported Value by Quarter

13F Reported Value
Q4 ’21: $592MQ4 ’21Q1 ’22: $389MQ2 ’22: $321MQ3 ’22: $305MQ3 ’22Q4 ’22: $293.2BQ1 ’23: $340MQ2 ’23: $353MQ2 ’23Q3 ’23: $325MQ4 ’23: $389MQ1 ’24: $362MQ1 ’24Q2 ’24: $374MQ3 ’24: $382MQ4 ’24: $424MQ4 ’24Q1 ’25: $564MQ2 ’25: $522MQ3 ’25: $630MQ3 ’25Q4 ’25: $774MQ1 ’26: $877Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 53.6%ETP: 45.6%Other: 0.6%ADR: 0.2%
  • Common Stock · 53.6% · $470M
  • ETP · 45.6% · $400M
  • Other · 0.6% · $6M
  • ADR · 0.2% · $2M

Quarter-over-Quarter Changes full breakdown →

Holdings — Q1 2026

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#IssuerClass% PortfolioValueShares

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$877M245May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$774M250Jan 22, 202613F-HRchanges · EDGAR ↗
Q3 2025$630M215Oct 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$522M222Jul 16, 202513F-HRchanges · EDGAR ↗
Q1 2025$564M243May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$424M185Jan 17, 202513F-HRchanges · EDGAR ↗
Q3 2024$382M185Oct 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$374M198Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$362M196Apr 12, 202413F-HRchanges · EDGAR ↗
Q4 2023$389M189Jan 22, 202413F-HRchanges · EDGAR ↗
Q3 2023$325M192Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$353M204Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$340M197May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$293.2B172Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$305M185Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$321M198Jul 28, 202213F-HRchanges · EDGAR ↗
Q1 2022$389M193May 20, 202213F-HRchanges · EDGAR ↗
Q4 2021$592M235Feb 11, 202213F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.