True North Advisors 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Co	COM	88579Y101	307	2,256	SH		SOLE	NONE	0	0	2,256
Abbott Laboratories	COM	002824100	3,488	44,207	SH		SOLE	NONE	0	0	44,207
AbbVie Inc	COM	00287Y109	236	3,099	SH		SOLE	NONE	0	0	3,099
Advanced Micro Devices Inc	COM	007903107	222	4,885	SH		SOLE	NONE	0	0	4,885
Air Products & Chemicals Inc	COM	009158106	816	4,092	SH		SOLE	NONE	0	0	4,092
Alexandria Real Estate Equities Inc	COM	015271109	238	1,742	SH		SOLE	NONE	0	0	1,742
Amazon.com Inc	COM	023135106	959	492	SH		SOLE	NONE	0	0	492
Apple Inc	COM	037833100	15,013	59,041	SH		SOLE	NONE	0	0	59,041
Aquestive Therapeutics Inc	COM	03843E104	70	32,295	SH		SOLE	NONE	0	0	32,295
AT&T Inc	COM	00206R102	852	29,253	SH		SOLE	NONE	0	0	29,253
Berkshire Hathaway Inc. Class B	CL B NEW	084670702	14,417	78,856	SH		SOLE	NONE	0	0	78,856
BGC Partners Inc A	CL A	05541T101	32	12,766	SH		SOLE	NONE	0	0	12,766
Blackrock Capital Inv 5 percent 06-2022	NOTE 5.000% 6/1	092533AC2	84	100,000	PRN		SOLE	NONE	0	0	100,000
BlackRock Health Sciences Trust II	SHS BEN INT	09260K101	179	10,000	SH		SOLE	NONE	0	0	10,000
BP Plc	SPONSORED ADR	055622104	575	23,602	SH		SOLE	NONE	0	0	23,602
Carnival Corp	UNIT 99/99/9999	143658300	161	12,240	SH		SOLE	NONE	0	0	12,240
Caterpillar Inc	COM	149123101	3,400	29,305	SH		SOLE	NONE	0	0	29,305
Chevron Corp	COM	166764100	498	6,879	SH		SOLE	NONE	0	0	6,879
Coca-Cola Co	COM	191216100	349	7,890	SH		SOLE	NONE	0	0	7,890
Codexis Inc	COM	192005106	223	20,000	SH		SOLE	NONE	0	0	20,000
Colgate-Palmolive Co	COM	194162103	2,014	30,356	SH		SOLE	NONE	0	0	30,356
Copart Inc	COM	217204106	346	5,059	SH		SOLE	NONE	0	0	5,059
Corteva Inc	COM	22052L104	6,818	290,130	SH		SOLE	NONE	0	0	290,130
CoStar Group Inc	COM	22160N109	666	1,135	SH		SOLE	NONE	0	0	1,135
CubeSmart	COM	229663109	1,781	66,506	SH		SOLE	NONE	0	0	66,506
Danaher Corp	COM	235851102	9,266	66,947	SH		SOLE	NONE	0	0	66,947
DexCom Inc	COM	252131107	544	2,021	SH		SOLE	NONE	0	0	2,021
DocuSign Inc	COM	256163106	582	6,300	SH		SOLE	NONE	0	0	6,300
Dolby Laboratories Inc	COM CL A	25659T107	487	9,000	SH		SOLE	NONE	0	0	9,000
Dominion Resources Inc D	COM	25746U109	213	2,954	SH		SOLE	NONE	0	0	2,954
Dow Inc	COM	260557103	8,490	290,367	SH		SOLE	NONE	0	0	290,367
DuPont de Nemours Inc	COM	26614N102	9,893	290,137	SH		SOLE	NONE	0	0	290,137
Ecolab Inc	COM	278865100	2,757	17,695	SH		SOLE	NONE	0	0	17,695
Emerson Electric Co	COM	291011104	1,444	30,322	SH		SOLE	NONE	0	0	30,322
Enbridge Inc	COM	29250N105	979	33,680	SH		SOLE	NONE	0	0	33,680
Encompass Health Corp	COM	29261A100	470	7,343	SH		SOLE	NONE	0	0	7,343
Energy Transfer LP	COM UT LTD PTN	29273V100	267	58,072	SH		SOLE	NONE	0	0	58,072
Enlink Midstream LLC	COM UNIT REP LTD	29336T100	17	15,889	SH		SOLE	NONE	0	0	15,889
Enterprise Products Ptnrs LP	COM	293792107	1,596	111,623	SH		SOLE	NONE	0	0	111,623
EOG Resources Inc	COM	26875P101	1,494	41,619	SH		SOLE	NONE	0	0	41,619
EPAM Systems Inc	COM	29414B104	779	4,200	SH		SOLE	NONE	0	0	4,200
Equity Residential	SH BEN INT	29476L107	258	4,192	SH		SOLE	NONE	0	0	4,192
Exxon Mobil Corp	COM	30231G102	2,048	53,961	SH		SOLE	NONE	0	0	53,961
Fastenal Co	COM	311900104	10,960	350,723	SH		SOLE	NONE	0	0	350,723
Fiserv Inc	COM	337738108	474	5,000	SH		SOLE	NONE	0	0	5,000
FlexShares iBoxx 5Yr Target Dur TIPS	IBOXX 5YR TRGT	33939L605	398	15,453	SH		SOLE	NONE	0	0	15,453
Fortive Corp	COM	34959J108	2,555	46,300	SH		SOLE	NONE	0	0	46,300
General Electric Co	COM	369604103	165	20,805	SH		SOLE	NONE	0	0	20,805
Gilead Sciences Inc	COM	375558103	9,798	131,072	SH		SOLE	NONE	0	0	131,072
GlaxoSmithKline PLC	SPONSORED ADR	37733W105	295	7,806	SH		SOLE	NONE	0	0	7,806
GMS Inc	COM	36251C103	890	56,635	SH		SOLE	NONE	0	0	56,635
Goldman Sachs Group Inc	COM	38141G104	1,554	10,056	SH		SOLE	NONE	0	0	10,056
Guidewire Software Inc	COM	40171V100	500	6,316	SH		SOLE	NONE	0	0	6,316
Honeywell International Inc	COM	438516106	356	2,663	SH		SOLE	NONE	0	0	2,663
Illinois Tool Works Inc	COM	452308109	2,329	16,391	SH		SOLE	NONE	0	0	16,391
IntercontinentalExchange Inc	COM	45866F104	2,018	25,000	SH		SOLE	NONE	0	0	25,000
Invesco QQQ Trust	UNIT SER 1	46090E103	336	1,768	SH		SOLE	NONE	0	0	1,768
iShares Core S&P 500	CORE S&P500 ETF	464287200	355	1,377	SH		SOLE	NONE	0	0	1,377
iShares MSCI EAFE	MSCI EAFE ETF	464287465	312	5,853	SH		SOLE	NONE	0	0	5,853
iShares Russell 1000 Growth	RUS 1000 GRW ETF	464287614	1,965	13,048	SH		SOLE	NONE	0	0	13,048
iShares Russell 1000 Value	RUS 1000 VAL ETF	464287598	1,520	15,335	SH		SOLE	NONE	0	0	15,335
iShares Russell 2000 Growth	RUS 2000 GRW ETF	464287648	487	3,079	SH		SOLE	NONE	0	0	3,079
iShares Russell 2000 Value	RUS 2000 VAL ETF	464287630	378	4,611	SH		SOLE	NONE	0	0	4,611
iShares Russell Mid-Cap Growth	RUS MD CP GR ETF	464287481	207	1,705	SH		SOLE	NONE	0	0	1,705
John Bean Technologies Corp	COM	477839104	297	4,000	SH		SOLE	NONE	0	0	4,000
Johnson & Johnson	COM	478160104	5,307	40,477	SH		SOLE	NONE	0	0	40,477
JPMorgan Chase & Co	COM	46625H100	2,578	28,639	SH		SOLE	NONE	0	0	28,639
Lennox International Inc	COM	526107107	20,734	114,057	SH		SOLE	NONE	0	0	114,057
Linde Plc	SHS	G5494J103	1,734	10,025	SH		SOLE	NONE	0	0	10,025
Lockheed Martin Corp	COM	539830109	600	1,772	SH		SOLE	NONE	0	0	1,772
Mastercard Inc A	CL A	57636Q104	4,677	19,364	SH		SOLE	NONE	0	0	19,364
Matador Resources Co	COM	576485205	56	22,917	SH		SOLE	NONE	0	0	22,917
McCormick & Co Inc Non-Voting	COM NON VTG	579780206	3,537	25,053	SH		SOLE	NONE	0	0	25,053
Merck & Co Inc	COM	58933Y105	673	8,755	SH		SOLE	NONE	0	0	8,755
Mercury Systems Inc	COM	589378108	570	8,000	SH		SOLE	NONE	0	0	8,000
Microsoft Corp	COM	594918104	20,597	130,603	SH		SOLE	NONE	0	0	130,603
Morningstar Inc	COM	617700109	319	2,750	SH		SOLE	NONE	0	0	2,750
Netflix Inc	COM	64110L106	441	1,175	SH		SOLE	NONE	0	0	1,175
Nokia OYJ	SPONSORED ADR	654902204	31	10,000	SH		SOLE	NONE	0	0	10,000
Occidental Petroleum Corp	COM	674599105	291	25,195	SH		SOLE	NONE	0	0	25,195
OPKO Health Inc	COM	68375N103	18	14,000	SH		SOLE	NONE	0	0	14,000
Oracle Corp	COM	68389X105	234	4,846	SH		SOLE	NONE	0	0	4,846
Paylocity Hldg Corp	COM	70438V106	706	8,000	SH		SOLE	NONE	0	0	8,000
PepsiCo Inc	COM	713448108	1,056	8,799	SH		SOLE	NONE	0	0	8,799
Pfizer Inc	COM	717081103	2,294	70,287	SH		SOLE	NONE	0	0	70,287
Procter & Gamble Co/The	COM	742718109	4,602	41,839	SH		SOLE	NONE	0	0	41,839
Prologis Inc	COM	74340W103	425	5,289	SH		SOLE	NONE	0	0	5,289
Repligen Corp	COM	759916109	579	6,000	SH		SOLE	NONE	0	0	6,000
ResMed Inc	COM	761152107	13,565	92,100	SH		SOLE	NONE	0	0	92,100
Revance Therapeutics Inc	COM	761330109	321	21,720	SH		SOLE	NONE	0	0	21,720
Salesforce.com Inc	COM	79466L302	239	1,665	SH		SOLE	NONE	0	0	1,665
Schwab Fndmtl Emerg Mkts Large Co	SCHWB FDT EMK LG	808524730	280	13,648	SH		SOLE	NONE	0	0	13,648
Schwab Fndmtl Int'l Large Company	SCHWB FDT INT LG	808524755	287	13,664	SH		SOLE	NONE	0	0	13,664
Schwab Fndmtl US Large Company	SCHWAB FDT US LG	808524771	359	11,480	SH		SOLE	NONE	0	0	11,480
Schwab Fndmtl US Small Company	SCHWAB FDT US SC	808524763	1,156	44,708	SH		SOLE	NONE	0	0	44,708
Schwab International Equity	INTL EQTY ETF	808524805	352	13,651	SH		SOLE	NONE	0	0	13,651
Schwab US Aggregate Bond	US AGGREGATE B	808524839	2,291	42,215	SH		SOLE	NONE	0	0	42,215
Schwab US Large Growth	US LCAP GR ETF	808524300	2,159	27,112	SH		SOLE	NONE	0	0	27,112
Schwab US Large Value	US LCAP VA ETF	808524409	2,934	66,282	SH		SOLE	NONE	0	0	66,282
Southwest Airlines Co	COM	844741108	337	9,465	SH		SOLE	NONE	0	0	9,465
SPDR DoubleLine Total Return Tact	SPDR TR TACTIC	78467V848	307	6,406	SH		SOLE	NONE	0	0	6,406
SPDR Dow Jones Industrial Aver	UT SER 1	78467X109	410	1,873	SH		SOLE	NONE	0	0	1,873
SPDR Portfolio Developed Wld ex-US	PORTFOLIO DEVLPD	78463X889	4,234	176,891	SH		SOLE	NONE	0	0	176,891
SPDR S&P 500	TR UNIT	78462F103	3,673	14,253	SH		SOLE	NONE	0	0	14,253
SPDR S&P MidCap 400	UTSER1 S&PDCRP	78467Y107	1,844	7,016	SH		SOLE	NONE	0	0	7,016
Sprott Physical Gold Trust	UNIT	85207H104	7,859	599,066	SH		SOLE	NONE	0	0	599,066
Starbucks Corp	COM	855244109	12,873	195,819	SH		SOLE	NONE	0	0	195,819
Steven Madden Ltd	COM	556269108	232	10,000	SH		SOLE	NONE	0	0	10,000
Stryker Corp	COM	863667101	499	3,000	SH		SOLE	NONE	0	0	3,000
Texas Instruments Inc	COM	882508104	881	8,820	SH		SOLE	NONE	0	0	8,820
The Home Depot Inc	COM	437076102	4,489	24,046	SH		SOLE	NONE	0	0	24,046
The Walt Disney Co	COM DISNEY	254687106	4,043	41,853	SH		SOLE	NONE	0	0	41,853
Trinity Industries Inc	COM	896522109	711	44,272	SH		SOLE	NONE	0	0	44,272
Union Pacific Corp	COM	907818108	3,815	27,053	SH		SOLE	NONE	0	0	27,053
United Parcel Service Inc	CL B	911312106	1,869	20,012	SH		SOLE	NONE	0	0	20,012
Vanguard FTSE Emerging Markets	FTSE EMR MKT ETF	922042858	417	12,444	SH		SOLE	NONE	0	0	12,444
Vanguard Total Stk Mkt	TOTAL STK MKT	922908769	468	3,635	SH		SOLE	NONE	0	0	3,635
Veeva Systems Inc A	CL A COM	922475108	1,470	9,401	SH		SOLE	NONE	0	0	9,401
Verastem Inc 5 percent 11-2048	NOTE 5.000%11/0	92337CAA2	248	300,000	PRN		SOLE	NONE	0	0	300,000
Verisk Analytics Inc	COM	92345Y106	4,547	32,626	SH		SOLE	NONE	0	0	32,626
Verizon Communications Inc	COM	92343V104	360	6,716	SH		SOLE	NONE	0	0	6,716
Visa Inc A	COM CL A	92826C839	645	4,009	SH		SOLE	NONE	0	0	4,009
Walmart Inc	COM	931142103	344	3,033	SH		SOLE	NONE	0	0	3,033
Zoetis Inc	CL A	98978V103	7,061	60,001	SH		SOLE	NONE	0	0	60,001