Hedge Fund Database

TRUE NORTH ADVISORS, LLC

Adviser information for TRUE NORTH ADVISORS, LLC last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Limited Liability Company
Fiscal Year End DECEMBER
Legal Location Texas, United States

Employees

Total Number of Employees 52
Investment Advisory/Research 21
Registered Broker-Dealer Representatives 0
Registered State Investment Advisers 21
Licensed Agents of an Insurance Company 0
No. of Firms/People that Solicit Clients 2

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 3,799 $3.3B
Non-Discretionary 9 $23.4M
Total 3,808 $3.3B

Clients

Type Number RAUM
Individuals 210 $134.0M
HNW Individuals 396 $2.4B
Banking or thrift institutions 0 $0
Investment companies 0 $0
Business development companies 0 $0
Pooled investment vehicles 27 $812.4M
Pension and profit sharing plans 0 $0
Charitable organizations 6 $32.6M
State or municipal gov entities 0 $0
Other investment advisers 0 $0
Insurance companies 0 $0
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 0 $0
Other 0 $0
Type Number
No. of Non-RAUM Clients 0
No. of Non-U.S. Clients 0
No. of Financial Planning Clients 251-500

Services

Advisory Services Financial planningPortfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)
Compensation % of AUMFixed feesPerformance-based fees

Identifiers

SEC RIA File Number 801-66250
SEC ERA File Number 801-66250
SEC CIK Numbers 1634556
SEC CRD Numbers 116048
Legal Entity Identifier None

Principal Office

3131 TURTLE CREEK
SUITE 1300
DALLAS
TX
United States
Monday - Friday, 8:00 AM - 5:00 PM
Tel: 214-360-7300, Fax: 214-360-7301

Websites

www.truenorthadvisors.com www.facebook.com/truenorthdallas twitter.com/truenorthdallas www.youtube.com/channel/ucscj89nnqms_m6kunyt_pyw www.instagram.com/truenorthadvisorstx www.linkedin.com/company/true-north-advisors www.tiktok.com/@truenorthadvisors?_t=8kpxddhdtcm&_r=1 podcasts.apple.com/us/podcast/decision-points/id1709613581 podcasts.google.com/feed/ahr0chm6ly9mzwvkcy5idxp6c3byb3v0lmnvbs8ymjqznty4lnjzcw open.spotify.com/show/3ehhbvcglw8byca4atwcqt?si=_xqqlptaq36bwa--bdk4pa&nd=1&dlsi=873e5517c351410f music.amazon.com/podcasts/79d6e6dd-9f5c-40fd-9088-6a8d08467074/decision-points

Chief Compliance Officer

WILLIAM SHARP
MANAGING DIRECTOR OF FINANCE
3131 TURTLE CREEK
SUITE 1300
DALLAS
TX
United States
Tel: (214) 360-7300
Fax: (214) 360-7301
(Full email address available in API data)

Regulatory Contact

MARK GEHLBACH
PRESIDENT
3131 TURTLE CREEK
SUITE 1300
DALLAS
TX
United States
Tel: 214-360-7300
Fax: 214-360-7301
(Full email address available in API data)

Industry Affiliates

TNWASGP, LLC Sponsor, GP, manager of pooled investment vehicles

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
WESTERN ALTERNATIVE STRATEGIES, L.P. - ACTIVE EQUITY Hedge Fund $60.2M $0.5M 124
WESTERN ALTERNATIVE STRATEGIES, L.P. - CH4 ENERGY $2.0M $0.5M 21
WESTERN ALTERNATIVE STRATEGIES, L.P. - CREDIT Hedge Fund $38.8M $0.5M 59
WESTERN ALTERNATIVE STRATEGIES, L.P. - EQUITY Hedge Fund $42.9M $0.5M 67
WESTERN ALTERNATIVE STRATEGIES, L.P. - GPS DIVERSIFIED PRIVATE EQUITY $17.0M $0.5M 106
WESTERN ALTERNATIVE STRATEGIES, L.P. - GPS II DIVERSIFIED PRIVATE EQUITY $16.2M $0.5M 95
WESTERN ALTERNATIVE STRATEGIES, L.P. - GPS III DIVERSIFIED PRIVATE EQUITY $19.6M $0.5M 105
WESTERN ALTERNATIVE STRATEGIES, L.P. - GPS IV DIVERSIFIED PRIVATE EQUITY $36.2M $0.5M 148
WESTERN ALTERNATIVE STRATEGIES, L.P. - GPS V DIVERSIFIED PRIVATE EQUITY $35.4M $0.5M 112
WESTERN ALTERNATIVE STRATEGIES, L.P. - INCOME Hedge Fund $157.6M $0.5M 150
WESTERN ALTERNATIVE STRATEGIES, L.P. - PRIVATE OPPORTUNITIES III Venture Capital Fund $12.2M $0.5M 36
WESTERN ALTERNATIVE STRATEGIES, L.P. - PRIVATE OPPORTUNTIES Venture Capital Fund $26.2M $0.5M 30
WESTERN ALTERNATIVE STRATEGIES, L.P. - PRIVATE OPPORTUNTIES II Venture Capital Fund $25.5M $0.5M 72
WESTERN ALTERNATIVE STRATEGIES, L.P. - REAL ESTATE Real Estate Fund $1.9M $0.5M 7
WESTERN ALTERNATIVE STRATEGIES, L.P. - REAL ESTATE II Real Estate Fund $1.2M $0.5M 14
WESTERN ALTERNATIVE STRATEGIES, L.P. - REAL ESTATE III Real Estate Fund $2.9M $0.5M 16
WESTERN ALTERNATIVE STRATEGIES, L.P. - REAL ESTATE IV Real Estate Fund $9.1M $0.5M 17
WESTERN ALTERNATIVE STRATEGIES, L.P. - REAL ESTATE V Real Estate Fund $13.4M $0.5M 22
WESTERN ALTERNATIVE STRATEGIES, L.P. - REAL ESTATE VI Real Estate Fund $20.2M $0.5M 41
WESTERN ALTERNATIVE STRATEGIES, L.P. - REAL ESTATE VII Real Estate Fund $29.0M $0.5M 73
WESTERN ALTERNATIVE STRATEGIES, L.P. ENERGY IV ENERGY $2.6M $0.5M 7
WESTERN ALTERNATIVE STRATEGIES, L.P. MULTI-STRATEGY SERIES Hedge Fund $196.4M $0.5M 123
WESTERN ALTERNATIVE STRATEGIES, L.P. TAIL RISK Hedge Fund $12.1M $0.5M 172
WESTERN ALTERNATIVE STRATEGIES, L.P., ENERGY ENERGY $4.1M $0.5M 17
WESTERN ALTERNATIVE STRATEGIES, L.P., ENERGY II ENERGY $9.4M $0.5M 16
WESTERN ALTERNATIVE STRATEGIES, L.P., ENERGY III ENERGY $5.1M $0.5M 14
WESTERN ALTERNATIVES STRATEGIES, L.P. - CO-GP DIVERSIFIED PRIVATE EQUITY $15.0M $0.5M 20

Control Persons

Name Type Entity Title Since Ownership
WOOD, SCOTT, ADAIR Individual – MANAGING MEMBER, CHIEF EXECUTIVE OFFICER 07/2000 25-50%
GEHLBACH, MARK, HUNTER Individual – MANAGING MEMBER, PRESIDENT 07/2000 10-25%
DAVIS, PAULA, POND Individual – MD OF DALLAS 01/2013 < 5%
SHARP, WILLIAM, MICHAEL Individual – CHIEF COMPLIANCE OFFICER AND MD OF FINANCE 01/2018 < 5%
MANIKTALA, DHRUV Individual – CIO 01/2018 < 5%
PATE, CHRISTOPHER, ELLIOTT Individual – CHIEF OPERATING OFFICER 01/2019 < 5%
TRUE NORTH ADVISORS HOLDINGS, LLC Domestic Entity – MEMBER 01/2024 > 75%
PROJECT DELTA ACQUISITION, LLC Domestic Entity TRUE NORTH ADVISORS HOLDINGS, LLC MEMBER 01/2024 25-50%
WOOD, SCOTT, ADAIR Individual TRUE NORTH ADVISORS HOLDINGS, LLC ELECTED MANAGER 01/2024
ASPIRE HOLDINGS, LLC Domestic Entity PROJECT DELTA ACQUISITION, LLC MEMBER 01/2024 > 75%
HGGC FUND IV-A.L.P. Domestic Entity ASPIRE HOLDINGS, LLC MEMBER 01/2024 50-75%
GEHLBACH, MARK, HUNTER Individual TRUE NORTH ADVISORS HOLDINGS, LLC ELECTED MANAGER 01/2024
PATE, CHRISTOPHER, ELLIOTT Individual TRUE NORTH ADVISORS HOLDINGS, LLC ELECTED MANAGER 01/2024
MANIKTALA, DHRUV Individual TRUE NORTH ADVISORS HOLDINGS, LLC ELECTED MANAGER 01/2024
COPELAND, JOHN, WILLIAM Individual TRUE NORTH ADVISORS HOLDINGS, LLC ELECTED MANAGER 01/2024
WOOD FAMILY TRUST Domestic Entity TRUE NORTH ADVISORS HOLDINGS, LLC MEMBER 01/2024 25-50%
WOOD, SCOTT, ADAIR Individual WOOD FAMILY TRUST TRUSTEE 01/2024

No. Employees, Historic

60300201920202021202220232024202524 on 5/3/201931 on 3/30/202031 on 6/22/202031 on 7/20/202037 on 3/30/202137 on 4/1/202137 on 8/19/202137 on 11/16/202137 on 3/29/202237 on 10/21/202242 on 3/29/202342 on 5/1/202342 on 10/3/202352 on 3/28/2024

RAUM, Historic

4B2B020192020202120222023202420251387188625 on 5/3/20191601357679 on 3/30/20201601357679 on 6/22/20201601357679 on 7/20/20202338099413 on 3/30/20212338099413 on 4/1/20212338099413 on 8/19/20212338099413 on 11/16/20212871743854 on 3/29/20222871743854 on 10/21/20223006399719 on 3/29/20233006399719 on 5/1/20233006399719 on 10/3/20233341152592 on 3/28/2024

No. Clients, Historic

70035002019202020212022202320242025561 on 5/3/2019554 on 3/30/2020554 on 6/22/2020554 on 7/20/2020594 on 3/30/2021594 on 4/1/2021594 on 8/19/2021594 on 11/16/2021604 on 3/29/2022604 on 10/21/2022639 on 3/29/2023639 on 5/1/2023639 on 10/3/2023639 on 3/28/2024

Holdings

From latest 13F, filed August 12th, 2024 for period ending June 30th, 2024
Name Class Value $USD # Shares Private Fund
3M CO COM 237K 2K –
ABBOTT LABS COM 805K 8K –
ABBVIE INC COM 947K 6K –
ACCENTURE PLC IRELAND SHS CLASS A 883K 3K –
ACV AUCTIONS INC COM CL A 1M 60K –
ADOBE INC COM 759K 1K –
ADVANCED MICRO DEVICES INC COM 886K 5K –
AFLAC INC COM 359K 4K –
AIR PRODS & CHEMS INC COM 1M 4K –
ALLIANCE RESOURCE PARTNERS L UT LTD PART 469K 19K –
ALLY FINL INC COM 445K 11K –
ALPHABET INC CAP STK CL C 7M 40K –
ALPHABET INC CAP STK CL A 6M 31K –
AMAZON COM INC COM 3M 16K –
AMERICAN EXPRESS CO COM 266K 1K –
AMERICAN TOWER CORP NEW COM 269K 1K –
AMGEN INC COM 284K 910 –
AON PLC SHS CL A 209K 713 –
APOLLO GLOBAL MGMT INC COM 4M 30K –
APPLE INC COM 25M 120K –
APPLIED MATLS INC COM 314K 1K –
APTIV PLC SHS 205K 3K –
ARISTA NETWORKS INC COM 261K 746 –
ASML HOLDING N V N Y REGISTRY SHS 307K 300 –
AVALONBAY CMNTYS INC COM 290K 1K –
BANK AMERICA CORP COM 476K 12K –
BERKSHIRE HATHAWAY INC DEL CL B NEW 35M 86K –
BERKSHIRE HATHAWAY INC DEL CL A 1M 2 –
BLACKROCK INC COM 345K 438 –
BLACKSTONE INC COM 2M 19K –
BLACKSTONE MTG TR INC COM CL A 397K 23K –
BOEING CO COM 5M 27K –
BOOKING HOLDINGS INC COM 725K 183 –
BROADCOM INC COM 2M 1K –
CAMDEN PPTY TR SH BEN INT 254K 2K –
CARMAX INC COM 3M 46K –
CARNIVAL CORP UNIT 99/99/9999 306K 16K –
CARVANA CO CL A 299K 2K –
CATERPILLAR INC COM 2M 5K –
CBRE GROUP INC CL A 1M 14K –
CENOVUS ENERGY INC COM 1M 54K –
CHENIERE ENERGY INC COM NEW 899K 5K –
CHEVRON CORP NEW COM 2M 10K –
COCA COLA CO COM 501K 8K –
COLGATE PALMOLIVE CO COM 697K 7K –
COMCAST CORP NEW CL A 210K 5K –
CORTEVA INC COM 3M 59K –
COSTCO WHSL CORP NEW COM 5M 6K –
CROWN CASTLE INC COM 220K 2K –
DANAHER CORPORATION COM 257K 1K –
DIGITAL RLTY TR INC COM 263K 2K –
DISNEY WALT CO COM 317K 3K –
DOW INC COM 5M 97K –
DT MIDSTREAM INC COMMON STOCK 391K 6K –
DUPONT DE NEMOURS INC COM 3M 41K –
ELI LILLY & CO COM 3M 3K –
EMERSON ELEC CO COM 241K 2K –
ENBRIDGE INC COM 451K 13K –
ENERGY TRANSFER L P COM UT LTD PTN 3M 173K –
ENTERPRISE PRODS PARTNERS L COM 3M 111K –
EQUINIX INC COM 261K 345 –
EQUITRANS MIDSTREAM CORP COM 407K 31K –
ETFS GOLD TR PHYSCL GOLD SHS 2M 92K –
EXXON MOBIL CORP COM 5M 40K –
FASTENAL CO COM 2M 32K –
FISERV INC COM 1M 8K –
FORD MTR CO DEL COM 128K 10K –
FS CREDIT OPPORTUNITIES CORP COMMON STOCK 202K 32K –
GE AEROSPACE COM NEW 2M 11K –
GE VERNOVA INC COM 410K 2K –
HESS CORP COM 261K 2K –
HIGHLAND OPPORTUNITIES HIGHLAND INCOME 179K 29K –
HOME DEPOT INC COM 720K 2K –
HONEYWELL INTL INC COM 672K 3K –
HUNTINGTON BANCSHARES INC COM 359K 27K –
INTEL CORP COM 321K 10K –
INTUIT COM 258K 392 –
INTUITIVE SURGICAL INC COM NEW 537K 1K –
INVESCO EXCHANGE TRADED FD T AEROSPACE DEFN 262K 3K –
INVESCO EXCHANGE TRADED FD T DORSEY WRIGHT MO 281K 3K –
INVESCO QQQ TR UNIT SER 1 1M 2K –
ISHARES GOLD TR ISHARES NEW 468K 11K –
ISHARES TR RUS 2000 VAL ETF 536K 4K –
ISHARES TR RUS 2000 GRW ETF 1M 4K –
ISHARES TR RUSSELL 2000 ETF 268K 1K –
ISHARES TR RUS 1000 ETF 223K 749 –
ISHARES TR MSCI EMG MKT ETF 200K 5K –
ISHARES TR RUS 1000 GRW ETF 6M 16K –
ISHARES TR RUS 1000 VAL ETF 1M 8K –
ISHARES TR CORE S&P500 ETF 401K 733 –
ISHARES TR CORE S&P TTL STK 610K 5K –
ISHARES TR CORE MSCI TOTAL 586K 9K –
ISHARES TR RUS MD CP GR ETF 358K 3K –
JOHNSON & JOHNSON COM 1M 9K –
JPMORGAN CHASE & CO. COM 1M 6K –
KINDER MORGAN INC DEL COM 723K 36K –
LENNOX INTL INC COM 101M 189K –
LOCKHEED MARTIN CORP COM 284K 607 –
LOEWS CORP COM 231K 3K –
LUCID GROUP INC COM 143K 55K –
MARATHON PETE CORP COM 490K 3K –
MARKEL GROUP INC COM 3M 2K –
MARTIN MARIETTA MATLS INC COM 3M 5K –
MASTERCARD INCORPORATED CL A 627K 1K –
MCDONALDS CORP COM 262K 1K –
MERCADOLIBRE INC COM 463K 282 –
MERCK & CO INC COM 1M 11K –
META PLATFORMS INC CL A 1M 2K –
MICROSOFT CORP COM 13M 29K –
MORGAN STANLEY COM NEW 247K 3K –
NATIONAL BK HLDGS CORP CL A 545K 14K –
NETFLIX INC COM 257K 380 –
NORTHERN DYNASTY MINERALS LT COM NEW 25K 81K –
NOVO-NORDISK A S ADR 693K 5K –
NUCOR CORP COM 326K 2K –
NUVEEN FLOATING RATE INCOME COM 91K 10K –
NUVEEN MUN VALUE FD INC COM 4M 511K –
NVIDIA CORPORATION COM 3M 21K –
OCCIDENTAL PETE CORP COM 274K 4K –
OFS CREDIT COMPANY INC COM 81K 11K –
ONEOK INC NEW COM 1M 15K –
ORACLE CORP COM 794K 6K –
PALO ALTO NETWORKS INC COM 494K 1K –
PEMBINA PIPELINE CORP COM 1M 27K –
PEPSICO INC COM 742K 5K –
PFIZER INC COM 1M 53K –
PHILIP MORRIS INTL INC COM 229K 2K –
PHILLIPS 66 COM 909K 6K –
PIMCO DYNAMIC INCOME STRATEG COM SHS BEN INT 242K 11K –
PLAINS GP HLDGS L P LTD PARTNR INT A 1M 54K –
PROCTER AND GAMBLE CO COM 989K 6K –
PROLOGIS INC. COM 250K 2K –
PUBLIC STORAGE OPER CO COM 367K 1K –
QUALCOMM INC COM 992K 5K –
RIVIAN AUTOMOTIVE INC COM CL A 324K 24K –
RTX CORPORATION COM 397K 4K –
S&P GLOBAL INC COM 207K 465 –
SALESFORCE INC COM 468K 2K –
SBA COMMUNICATIONS CORP NEW CL A 203K 1K –
SCHLUMBERGER LTD COM STK 546K 12K –
SCHWAB STRATEGIC TR US LCAP GR ETF 1M 14K –
SCHWAB STRATEGIC TR INTL EQTY ETF 293K 8K –
SCHWAB STRATEGIC TR FUNDAMENTAL US L 3M 45K –
SCHWAB STRATEGIC TR US LCAP VA ETF 2M 28K –
SCHWAB STRATEGIC TR FUNDAMENTAL INTL 2M 61K –
SCHWAB STRATEGIC TR FUNDAMENTAL INTL 880K 25K –
SCHWAB STRATEGIC TR US AGGREGATE B 1M 25K –
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 292K 11K –
SCHWAB STRATEGIC TR US LRG CAP ETF 620K 10K –
SCHWAB STRATEGIC TR FUNDAMENTAL US S 1M 23K –
SELECT SECTOR SPDR TR TECHNOLOGY 236K 1K –
SOUTHWEST AIRLS CO COM 286K 10K –
SPDR DOW JONES INDL AVERAGE UT SER 1 810K 2K –
SPDR INDEX SHS FDS PORTFOLIO DEVLPD 1M 41K –
SPDR S&P 500 ETF TR TR UNIT 5M 9K –
SPDR SER TR PORT MTG BK ETF 338K 16K –
SPDR SER TR PORTFOLIO S&P400 205K 4K –
SPROTT PHYSICAL GOLD TR UNIT 647K 36K –
SSGA ACTIVE ETF TR SPDR TR TACTIC 920K 23K –
STARBUCKS CORP COM 409K 5K –
SUNCOR ENERGY INC NEW COM 897K 24K –
SUNOCO LP/SUNOCO FIN CORP COM UT REP LP 628K 11K –
SURF AIR MOBILITY INC COM 10K 27K –
SYNOPSYS INC COM 298K 500 –
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 232K 1K –
TARGA RES CORP COM 908K 7K –
TESLA INC COM 852K 4K –
TEXAS INSTRS INC COM 2M 10K –
TEXAS PACIFIC LAND CORPORATI COM 4M 5K –
THERMO FISHER SCIENTIFIC INC COM 363K 656 –
TJX COS INC NEW COM 261K 2K –
TOYOTA MOTOR CORP ADS 215K 1K –
TRANE TECHNOLOGIES PLC SHS 662K 2K –
U S PHYSICAL THERAPY COM 590K 6K –
UNION PAC CORP COM 305K 1K –
UNITEDHEALTH GROUP INC COM 500K 981 –
VALERO ENERGY CORP COM 784K 5K –
VANECK ETF TRUST IG FLOATING RATE 293K 12K –
VANGUARD INDEX FDS TOTAL STK MKT 789K 3K –
VANGUARD INDEX FDS VALUE ETF 236K 1K –
VANGUARD INDEX FDS LARGE CAP ETF 1M 4K –
VANGUARD INDEX FDS SMALL CP ETF 510K 2K –
VANGUARD INDEX FDS S&P 500 ETF SHS 3M 6K –
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 268K 6K –
VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 1M 29K –
VANGUARD SPECIALIZED FUNDS DIV APP ETF 215K 1K –
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 352K 7K –
VANGUARD WORLD FD INF TECH ETF 281K 487 –
VENTAS INC COM 220K 4K –
VIPER ENERGY INC CL A 546K 15K –
VISA INC COM CL A 1M 5K –
WALMART INC COM 875K 13K –
WELLTOWER INC COM 247K 2K –
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 1M 27K –
WILLIAMS COS INC COM 739K 17K –
WP CAREY INC COM 327K 6K –
WYNN RESORTS LTD COM 647K 7K –
YUM BRANDS INC COM 289K 2K –