True North Advisors 13F annual report
True North Advisors is an investment fund managing more than $372 billion ran by Will Sharp. There are currently 168 companies in Mr. Sharp’s portfolio. The largest investments include Lennox International Inc and Berkshire Hathaway, together worth $137 billion.
$372 billion Assets Under Management (AUM)
As of 5th August 2024, True North Advisors’s top holding is 188,698 shares of Lennox International Inc currently worth over $101 billion and making up 27.1% of the portfolio value.
Relative to the number of outstanding shares of Lennox International Inc, True North Advisors owns more than approximately 0.1% of the company.
In addition, the fund holds 86,163 shares of Berkshire Hathaway worth $36.3 billion, whose value grew 10.0% in the past six months.
The third-largest holding is Apple Inc worth $25.3 billion and the next is Microsoft worth $12.9 billion, with 28,964 shares owned.
Currently, True North Advisors's portfolio is worth at least $372 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at True North Advisors
The True North Advisors office and employees reside in Dallas, Texas. According to the last 13-F report filed with the SEC, Will Sharp serves as the Managing Director of Finance, CCO, Partner at True North Advisors.
Recent trades
In the most recent 13F filing, True North Advisors revealed that it had opened a new position in
Texas Pacific Land Corporati and bought 5,318 shares worth $3.9 billion.
The investment fund also strengthened its position in Microsoft by buying
4,264 additional shares.
This makes their stake in Microsoft total 28,964 shares worth $12.9 billion.
Microsoft dropped approximately 0.1% in the past year.
On the other hand, there are companies that True North Advisors is getting rid of from its portfolio.
True North Advisors closed its position in Weyerhaeuser Co Mtn Be on 12th August 2024.
It sold the previously owned 67,986 shares for $2.44 billion.
Will Sharp also disclosed a decreased stake in Lennox International Inc by approximately 0.1%.
This leaves the value of the investment at $101 billion and 188,698 shares.
One of the smaller hedge funds
The two most similar investment funds to True North Advisors are Enstar Ltd and Endeavour Capital Advisors Inc. They manage $372 billion and $372 billion respectively.
Will Sharp investment strategy
True North Advisors’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Industrials — making up 30.5% of
the total portfolio value.
The fund focuses on investments in the United States as
53.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
53% of the total holdings value.
On the other hand, small-cap stocks make up only 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $171 billion.
The complete list of True North Advisors trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Lennox International Inc |
1.85%
188,698
|
$100,949,656,000 | 27.12% |
| Berkshire Hathaway Inc. |
2.64%
86,163
|
$36,274,639,000 | 9.75% |
| Apple Inc |
7.90%
119,910
|
$25,255,447,000 | 6.79% |
| Microsoft Corporation |
17.26%
28,964
|
$12,945,482,000 | 3.48% |
| Alphabet Inc |
0.55%
70,422
|
$12,877,802,000 | 3.46% |
| Ishares Tr |
1.84%
55,532
|
$11,275,768,000 | 3.03% |
| Costco Whsl Corp New |
2.24%
6,207
|
$5,275,578,000 | 1.42% |
| Dow Inc |
0.42%
97,334
|
$5,163,569,000 | 1.39% |
| Spdr S&p 500 Etf Tr |
2.57%
9,108
|
$4,956,661,000 | 1.33% |
| Boeing Co. |
0.11%
27,228
|
$4,955,768,000 | 1.33% |
| Exxon Mobil Corp. |
21.46%
39,751
|
$4,576,129,000 | 1.23% |
| Nuveen Mun Value Fd Inc |
2.61%
510,937
|
$4,409,386,000 | 1.18% |
| Texas Pacific Land Corporati |
Opened
5,318
|
$3,904,860,000 | 1.05% |
| Apollo Global Mgmt Inc |
0.31%
29,913
|
$3,531,828,000 | 0.95% |
| Carmax Inc |
53.75%
46,087
|
$3,380,021,000 | 0.91% |
| DuPont de Nemours Inc |
24.59%
40,983
|
$3,298,722,000 | 0.89% |
| Enterprise Prods Partners L |
0.71%
110,844
|
$3,212,273,000 | 0.86% |
| Corteva Inc |
No change
59,348
|
$3,201,231,000 | 0.86% |
| Markel Group Inc |
11.17%
2,020
|
$3,182,833,000 | 0.86% |
| Amazon.com Inc. |
0.86%
15,774
|
$3,048,417,000 | 0.82% |
| Schwab Strategic Tr |
4.50%
248,740
|
$13,081,574,000 | 3.51% |
| Eli Lilly & Co |
24.18%
3,267
|
$2,957,876,000 | 0.79% |
| Vanguard Index Fds |
1.97%
16,935
|
$5,526,109,000 | 1.48% |
| Energy Transfer L P |
4.03%
172,678
|
$2,800,840,000 | 0.75% |
| NVIDIA Corp |
1,045.53%
21,158
|
$2,613,837,000 | 0.70% |
| Martin Marietta Matls Inc |
2.95%
4,741
|
$2,568,674,000 | 0.69% |
| Weyerhaeuser Co Mtn Be |
Closed
67,986
|
$2,441,377,000 | |
| Blackstone Inc |
4.43%
18,857
|
$2,334,488,000 | 0.63% |
| Broadcom Inc |
4.72%
1,332
|
$2,139,187,000 | 0.57% |
| Etfs Gold Tr |
Opened
92,124
|
$2,046,992,000 | 0.55% |
| Texas Instrs Inc |
1.46%
10,399
|
$2,022,917,000 | 0.54% |
| Fastenal Co. |
5.78%
31,550
|
$1,982,602,000 | 0.53% |
| Caterpillar Inc. |
0.73%
5,455
|
$1,816,974,000 | 0.49% |
| GE Aerospace |
20.99%
10,708
|
$1,702,203,000 | 0.46% |
| Chevron Corp. |
1.17%
10,255
|
$1,604,145,000 | 0.43% |
| Pfizer Inc. |
0.96%
53,383
|
$1,493,664,000 | 0.40% |
| Spdr Index Shs Fds |
5.68%
41,473
|
$1,454,877,000 | 0.39% |
| Merck & Co Inc |
1.40%
10,742
|
$1,329,860,000 | 0.36% |
| Vanguard Scottsdale Fds |
6.58%
28,827
|
$1,308,725,000 | 0.35% |
| Visa Inc |
0.56%
4,971
|
$1,304,764,000 | 0.35% |
| Johnson & Johnson |
3.31%
8,854
|
$1,294,101,000 | 0.35% |
| JPMorgan Chase & Co. |
0.51%
6,364
|
$1,287,183,000 | 0.35% |
| Conocophillips |
Closed
9,902
|
$1,260,327,000 | |
| CBRE Group Inc |
6.00%
13,770
|
$1,227,045,000 | 0.33% |
| Oneok Inc. |
15.40%
14,985
|
$1,222,027,000 | 0.33% |
| Meta Platforms Inc |
11.41%
2,268
|
$1,143,571,000 | 0.31% |
| Fiserv, Inc. |
0.07%
7,558
|
$1,126,444,000 | 0.30% |
| Air Prods & Chems Inc |
No change
4,335
|
$1,118,647,000 | 0.30% |
| Acv Auctions Inc |
No change
59,692
|
$1,089,379,000 | 0.29% |
| Western Midstream Partners L |
5.27%
26,957
|
$1,071,002,000 | 0.29% |
| Cenovus Energy Inc |
5.92%
53,700
|
$1,055,742,000 | 0.28% |
| Plains Gp Hldgs L P |
9.99%
54,034
|
$1,016,920,000 | 0.27% |
| Pembina Pipeline Corporation |
No change
27,200
|
$1,008,576,000 | 0.27% |
| Qualcomm, Inc. |
2.76%
4,982
|
$992,221,000 | 0.27% |
| Procter And Gamble Co |
1.07%
5,995
|
$988,695,000 | 0.27% |
| Abbvie Inc |
16.70%
5,522
|
$947,073,000 | 0.25% |
| Ssga Active Etf Tr |
Opened
23,154
|
$919,678,000 | 0.25% |
| Phillips 66 |
7.30%
6,436
|
$908,570,000 | 0.24% |
| Targa Res Corp |
11.83%
7,051
|
$908,028,000 | 0.24% |
| Cheniere Energy Inc. |
9.61%
5,144
|
$899,326,000 | 0.24% |
| Suncor Energy, Inc. |
4.50%
23,556
|
$897,484,000 | 0.24% |
| Advanced Micro Devices Inc. |
1.21%
5,463
|
$886,116,000 | 0.24% |
| Accenture Plc Ireland |
5.03%
2,910
|
$882,923,000 | 0.24% |
| Walmart Inc |
39.43%
12,920
|
$874,790,000 | 0.24% |
| Tesla Inc |
1.37%
4,305
|
$851,793,000 | 0.23% |
| Pioneer Nat Res Co |
Closed
3,109
|
$816,058,000 | |
| Spdr Dow Jones Indl Average |
0.44%
2,071
|
$810,207,000 | 0.22% |
| Abbott Labs |
3.42%
7,749
|
$805,199,000 | 0.22% |
| Oracle Corp. |
5.70%
5,625
|
$794,250,000 | 0.21% |
| Valero Energy Corp. |
1.67%
5,001
|
$783,948,000 | 0.21% |
| Adobe Inc |
6.13%
1,367
|
$759,213,000 | 0.20% |
| Pepsico Inc |
0.31%
4,501
|
$742,368,000 | 0.20% |
| Williams Cos Inc |
25.66%
17,385
|
$738,863,000 | 0.20% |
| Booking Holdings Inc |
9.58%
183
|
$724,955,000 | 0.19% |
| Kinder Morgan Inc |
2.82%
36,403
|
$723,328,000 | 0.19% |
| Home Depot, Inc. |
17.61%
2,092
|
$719,988,000 | 0.19% |
| Colgate-Palmolive Co. |
74.78%
7,186
|
$697,329,000 | 0.19% |
| Novo-nordisk A S |
5.18%
4,855
|
$693,003,000 | 0.19% |
| Honeywell International Inc |
2.27%
3,145
|
$671,583,000 | 0.18% |
| Trane Technologies plc |
1.95%
2,013
|
$662,088,000 | 0.18% |
| Wynn Resorts Ltd. |
19.73%
7,224
|
$646,548,000 | 0.17% |
| Sunoco Lp/sunoco Fin Corp |
207.41%
11,116
|
$628,499,000 | 0.17% |
| Mastercard Incorporated |
2.16%
1,421
|
$627,070,000 | 0.17% |
| U.S. Physical Therapy, Inc. |
24.01%
6,388
|
$590,379,000 | 0.16% |
| Schlumberger Ltd. |
49.02%
11,583
|
$546,486,000 | 0.15% |
| Viper Energy Inc |
22.39%
14,560
|
$546,437,000 | 0.15% |
| National Bk Hldgs Corp |
No change
13,966
|
$545,372,000 | 0.15% |
| Intuitive Surgical Inc |
3.29%
1,207
|
$537,043,000 | 0.14% |
| Coca-Cola Co |
44.77%
7,877
|
$501,386,000 | 0.13% |
| Target Corp |
Closed
2,825
|
$500,555,000 | |
| Unitedhealth Group Inc |
22.39%
981
|
$499,584,000 | 0.13% |
| Palo Alto Networks Inc |
1.62%
1,457
|
$493,857,000 | 0.13% |
| Marathon Pete Corp |
6.52%
2,824
|
$489,908,000 | 0.13% |
| Bank America Corp |
18.22%
11,964
|
$475,803,000 | 0.13% |
| Alliance Resource Partners L |
18.57%
19,194
|
$469,486,000 | 0.13% |
| Salesforce Inc |
3.55%
1,821
|
$468,089,000 | 0.13% |
| Ishares Gold Tr |
Opened
10,650
|
$467,855,000 | 0.13% |
| MercadoLibre Inc |
No change
282
|
$463,153,000 | 0.12% |
| Lowes Cos Inc |
Closed
1,807
|
$460,297,000 | |
| Enbridge Inc |
5.54%
12,678
|
$451,216,000 | 0.12% |
| Ally Finl Inc |
0.27%
11,205
|
$444,502,000 | 0.12% |
| Ge Vernova Inc |
Opened
2,391
|
$410,080,000 | 0.11% |
| Starbucks Corp. |
Opened
5,252
|
$408,868,000 | 0.11% |
| Equitrans Midstream Corporation |
61.93%
31,347
|
$406,884,000 | 0.11% |
| Blackstone Mtg Tr Inc |
2.79%
22,816
|
$397,461,000 | 0.11% |
| RTX Corp |
4.71%
3,959
|
$397,444,000 | 0.11% |
| Dt Midstream Inc |
Opened
5,508
|
$391,233,000 | 0.11% |
| MPLX LP |
Closed
8,877
|
$368,948,000 | |
| Public Storage Oper Co |
20.26%
1,276
|
$367,041,000 | 0.10% |
| Thermo Fisher Scientific Inc. |
1.39%
656
|
$362,675,000 | 0.10% |
| Aflac Inc. |
No change
4,024
|
$359,357,000 | 0.10% |
| Huntington Bancshares, Inc. |
5.03%
27,214
|
$358,681,000 | 0.10% |
| Vanguard Tax-managed Fds |
0.21%
7,130
|
$352,364,000 | 0.09% |
| Blackrock Inc. |
0.90%
438
|
$344,846,000 | 0.09% |
| Spdr Ser Tr |
No change
19,661
|
$542,770,000 | 0.15% |
| Ishares Tr |
Closed
3,090
|
$332,484,000 | |
| Wp Carey Inc |
No change
5,939
|
$326,942,000 | 0.09% |
| Nucor Corp. |
No change
2,060
|
$325,645,000 | 0.09% |
| Rivian Automotive, Inc. |
8.37%
24,138
|
$323,932,000 | 0.09% |
| Intel Corp. |
Opened
10,370
|
$321,159,000 | 0.09% |
| Disney Walt Co |
7.39%
3,197
|
$317,466,000 | 0.09% |
| Applied Matls Inc |
11.21%
1,329
|
$313,631,000 | 0.08% |
| Asml Holding N V |
9.37%
300
|
$306,819,000 | 0.08% |
| Union Pac Corp |
9.10%
1,349
|
$305,225,000 | 0.08% |
| Carvana Co. |
0.09%
2,325
|
$299,274,000 | 0.08% |
| Vanguard World Fd |
Closed
2,917
|
$298,672,000 | |
| Synopsys, Inc. |
No change
500
|
$297,530,000 | 0.08% |
| VanEck ETF Trust |
No change
11,500
|
$293,365,000 | 0.08% |
| Avalonbay Cmntys Inc |
No change
1,402
|
$290,060,000 | 0.08% |
| Yum Brands Inc. |
No change
2,185
|
$289,425,000 | 0.08% |
| Southwest Airls Co |
0.74%
10,010
|
$286,386,000 | 0.08% |
| AMGEN Inc. |
No change
910
|
$284,330,000 | 0.08% |
| Lockheed Martin Corp. |
23.65%
607
|
$283,530,000 | 0.08% |
| Invesco Exchange Traded Fd T |
No change
5,423
|
$543,083,000 | 0.15% |
| Vanguard World Fd |
2.60%
487
|
$280,799,000 | 0.08% |
| Occidental Pete Corp |
7.14%
4,349
|
$274,117,000 | 0.07% |
| Ge Healthcare Technologies I |
Closed
2,988
|
$271,677,000 | |
| American Tower Corp. |
Opened
1,382
|
$268,637,000 | 0.07% |
| Vanguard Intl Equity Index F |
1.19%
6,123
|
$267,943,000 | 0.07% |
| American Express Co. |
No change
1,150
|
$266,283,000 | 0.07% |
| Trinity Inds Inc |
Closed
9,456
|
$263,350,000 | |
| Digital Rlty Tr Inc |
No change
1,727
|
$262,590,000 | 0.07% |
| Mcdonalds Corp |
7.81%
1,027
|
$261,624,000 | 0.07% |
| Arista Networks Inc |
Opened
746
|
$261,423,000 | 0.07% |
| Hess Corporation |
No change
1,770
|
$261,110,000 | 0.07% |
| Equinix Inc |
No change
345
|
$261,027,000 | 0.07% |
| Tjx Cos Inc New |
3.82%
2,367
|
$260,612,000 | 0.07% |
| Intuit Inc |
8.84%
392
|
$257,626,000 | 0.07% |
| VanEck ETF Trust |
Closed
8,126
|
$256,945,000 | |
| Netflix Inc. |
Opened
380
|
$256,708,000 | 0.07% |
| Danaher Corp. |
0.87%
1,027
|
$256,596,000 | 0.07% |
| Camden Ppty Tr |
No change
2,330
|
$254,226,000 | 0.07% |
| Prologis Inc |
18.84%
2,223
|
$249,667,000 | 0.07% |
| Welltower Inc. |
18.24%
2,371
|
$247,177,000 | 0.07% |
| Morgan Stanley |
10.69%
2,540
|
$246,863,000 | 0.07% |
| Pimco Dynamic Income Strateg |
No change
10,846
|
$241,649,000 | 0.06% |
| Emerson Elec Co |
1.58%
2,189
|
$241,140,000 | 0.06% |
| 3M Co. |
10.96%
2,319
|
$236,979,000 | 0.06% |
| Select Sector Spdr Tr |
28.29%
1,042
|
$235,732,000 | 0.06% |
| Taiwan Semiconductor Mfg Ltd |
Opened
1,334
|
$231,863,000 | 0.06% |
| Loews Corp. |
0.42%
3,093
|
$231,171,000 | 0.06% |
| Philip Morris International Inc |
1.53%
2,260
|
$229,006,000 | 0.06% |
| Eog Res Inc |
Closed
1,755
|
$224,359,000 | |
| Linde Plc. |
Closed
483
|
$224,267,000 | |
| Ventas Inc |
Opened
4,300
|
$220,418,000 | 0.06% |
| Crown Castle Inc |
24.17%
2,250
|
$219,825,000 | 0.06% |
| Toyota Motor Corporation |
Opened
1,048
|
$214,809,000 | 0.06% |
| Vanguard Specialized Funds |
No change
1,176
|
$214,679,000 | 0.06% |
| CVS Health Corp |
Closed
2,686
|
$214,235,000 | |
| Vanguard Whitehall Fds |
Closed
3,093
|
$212,798,000 | |
| Comcast Corp New |
Opened
5,350
|
$209,506,000 | 0.06% |
| Aon plc. |
No change
713
|
$209,323,000 | 0.06% |
| S&P Global Inc |
4.52%
465
|
$207,390,000 | 0.06% |
| Vanguard Index Fds |
Closed
822
|
$205,385,000 | |
| Aptiv PLC |
8.89%
2,904
|
$204,500,000 | 0.05% |
| SBA Communications Corp |
0.98%
1,032
|
$202,582,000 | 0.05% |
| Fs Credit Opportunities Corp |
Opened
31,658
|
$201,661,000 | 0.05% |
| Highland Opportunities |
No change
28,615
|
$178,844,000 | 0.05% |
| Lucid Group, Inc. |
No change
54,871
|
$143,213,000 | 0.04% |
| Ford Mtr Co Del |
Opened
10,187
|
$127,739,000 | 0.03% |
| Ouster Inc |
Closed
14,555
|
$115,567,000 | |
| Nuveen Floating Rate Income |
No change
10,473
|
$90,591,000 | 0.02% |
| OFS Credit Company Inc |
No change
11,175
|
$80,517,000 | 0.02% |
| Northern Dynasty Minerals Lt |
Opened
80,500
|
$24,995,000 | 0.01% |
| Surf Air Mobility Inc |
100.00%
26,562
|
$10,210,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 185 holdings | |||
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