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 COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 09-30-2020
Check here if Amendment   Amendment Number:
This Amendment (Check only one.):   is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: True North Advisors, LLC
Address: 3131 TURTLE CREEK BOULEVARD
SUITE 1300
DALLAS , TX75219
Form 13F File Number: 028-21867

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Will Sharp
Title: Managing Director of Finance, CCO, Partner
Phone: 214-360-7300
Signature, Place, and Date of Signing:
Will Sharp Dallas , TX 05-11-2022
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 185
Form 13F Information Table Value Total: 342,807
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name


SEC FORM 13F-HR

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: July 31, 2015
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 386 2,414 SH SOLE NONE 0 0 2,414
Abbott Laboratories COM 002824100 3,737 34,341 SH SOLE NONE 0 0 34,341
AbbVie Inc COM 00287Y109 653 7,462 SH SOLE NONE 0 0 7,462
Aberdeen Standard Gold PHYSCL GOLD SHS 00326A104 1,069 58,922 SH SOLE NONE 0 0 58,922
Adobe Inc COM 00724F101 326 666 SH SOLE NONE 0 0 666
Advanced Micro Devices Inc COM 007903107 406 4,955 SH SOLE NONE 0 0 4,955
Aegon NV Adr NY REGISTRY SHS 007924103 160 62,728 SH SOLE NONE 0 0 62,728
Air Products & Chemicals Inc COM 009158106 1,290 4,332 SH SOLE NONE 0 0 4,332
Amazon.com Inc COM 023135106 2,352 747 SH SOLE NONE 0 0 747
American Express Co COM 025816109 1,104 11,014 SH SOLE NONE 0 0 11,014
Amgen Inc COM 031162100 215 847 SH SOLE NONE 0 0 847
APA Corp COM 037411105 168 17,800 SH SOLE NONE 0 0 17,800
Apple Inc COM 037833100 17,973 155,200 SH SOLE NONE 0 0 155,200
Archrock Inc COM 03957W106 101 18,788 SH SOLE NONE 0 0 18,788
AstraZeneca Plc SPONSORED ADR 046353108 841 15,349 SH SOLE NONE 0 0 15,349
AT&T Inc COM 00206R102 1,524 53,480 SH SOLE NONE 0 0 53,480
Baker Hughes Co A CL A 05722G100 508 38,247 SH SOLE NONE 0 0 38,247
Bank of America Corp COM 060505104 2,108 87,539 SH SOLE NONE 0 0 87,539
Bank of New York Mellon Corp COM 064058100 899 26,200 SH SOLE NONE 0 0 26,200
Becton Dickinson & Co COM 075887109 483 2,076 SH SOLE NONE 0 0 2,076
Berkshire Hathaway Inc. Class B CL B NEW 084670702 17,053 80,087 SH SOLE NONE 0 0 80,087
BGC Partners Inc A CL A 05541T101 30 12,766 SH SOLE NONE 0 0 12,766
BioMarin Pharmaceutical Inc COM 09061G101 219 2,881 SH SOLE NONE 0 0 2,881
Blackrock Capital Inv 5 percent 06-2022 NOTE 5.000% 6/1 092533AC2 98 100,000 PRN SOLE NONE 0 0 100,000
BlackRock Health Sciences Trust II SHS BEN INT 09260K101 238 10,000 SH SOLE NONE 0 0 10,000
BP Plc SPONSORED ADR 055622104 438 25,106 SH SOLE NONE 0 0 25,106
Bristol-Myers Squibb Co COM 110122108 1,168 19,389 SH SOLE NONE 0 0 19,389
Capital One Fin'l Corp COM 14040H105 1,856 25,831 SH SOLE NONE 0 0 25,831
Carrier Global Corp COM 14448C104 503 16,490 SH SOLE NONE 0 0 16,490
Caterpillar Inc COM 149123101 701 4,705 SH SOLE NONE 0 0 4,705
Celanese Corp COM 150870103 807 7,514 SH SOLE NONE 0 0 7,514
Cenovus Energy Inc COM 15135U109 185 47,781 SH SOLE NONE 0 0 47,781
Charles Schwab Corp/The COM 808513105 1,817 50,159 SH SOLE NONE 0 0 50,159
Charter Communications Inc A CL A 16119P108 2,711 4,343 SH SOLE NONE 0 0 4,343
Chevron Corp COM 166764100 1,188 16,500 SH SOLE NONE 0 0 16,500
Cisco Systems Inc COM 17275R102 643 16,339 SH SOLE NONE 0 0 16,339
Clearwater Paper Corp COM 18538R103 1,235 32,570 SH SOLE NONE 0 0 32,570
Coca-Cola Co COM 191216100 405 8,205 SH SOLE NONE 0 0 8,205
Colgate-Palmolive Co COM 194162103 3,135 40,636 SH SOLE NONE 0 0 40,636
Comcast Corp A CL A 20030N101 2,795 60,436 SH SOLE NONE 0 0 60,436
Concho Resources Inc COM 20605P101 538 12,200 SH SOLE NONE 0 0 12,200
Corning Inc COM 219350105 447 13,802 SH SOLE NONE 0 0 13,802
Corteva Inc COM 22052L104 8,362 290,255 SH SOLE NONE 0 0 290,255
CubeSmart COM 229663109 2,034 62,952 SH SOLE NONE 0 0 62,952
CVS Health Corp COM 126650100 523 8,967 SH SOLE NONE 0 0 8,967
Danaher Corp COM 235851102 7,578 35,196 SH SOLE NONE 0 0 35,196
Dell Technologies Inc C CL C 24703L202 224 3,313 SH SOLE NONE 0 0 3,313
Dominion Resources Inc D COM 25746U109 233 2,954 SH SOLE NONE 0 0 2,954
Dow Inc COM 260557103 13,694 291,058 SH SOLE NONE 0 0 291,058
DuPont de Nemours Inc COM 26614N102 16,103 290,262 SH SOLE NONE 0 0 290,262
eBay Inc COM 278642103 497 9,550 SH SOLE NONE 0 0 9,550
Ecolab Inc COM 278865100 1,518 7,598 SH SOLE NONE 0 0 7,598
Eli Lilly & Co COM 532457108 539 3,648 SH SOLE NONE 0 0 3,648
Emerson Electric Co COM 291011104 1,335 20,362 SH SOLE NONE 0 0 20,362
Enbridge Inc COM 29250N105 760 26,045 SH SOLE NONE 0 0 26,045
Energy Transfer LP COM UT LTD PTN 29273V100 464 85,640 SH SOLE NONE 0 0 85,640
Enlink Midstream LLC COM UNIT REP LTD 29336T100 37 15,889 SH SOLE NONE 0 0 15,889
Enterprise Products Ptnrs LP COM 293792107 831 52,649 SH SOLE NONE 0 0 52,649
EOG Resources Inc COM 26875P101 861 23,964 SH SOLE NONE 0 0 23,964
Equitrans Midstream Corp COM 294600101 211 24,964 SH SOLE NONE 0 0 24,964
Exxon Mobil Corp COM 30231G102 1,974 57,520 SH SOLE NONE 0 0 57,520
Fastenal Co COM 311900104 7,649 169,656 SH SOLE NONE 0 0 169,656
FedEx Corp COM 31428X106 2,517 10,008 SH SOLE NONE 0 0 10,008
FlexShares iBoxx 5Yr Target Dur TIPS IBOXX 5YR TRGT 33939L605 425 15,453 SH SOLE NONE 0 0 15,453
Ford Motor Co COM 345370860 89 13,471 SH SOLE NONE 0 0 13,471
Fortive Corp COM 34959J108 2,004 26,300 SH SOLE NONE 0 0 26,300
Gap Inc/The COM 364760108 232 13,675 SH SOLE NONE 0 0 13,675
General Electric Co COM 369604103 369 59,337 SH SOLE NONE 0 0 59,337
Gilead Sciences Inc COM 375558103 3,508 55,530 SH SOLE NONE 0 0 55,530
GlaxoSmithKline PLC SPONSORED ADR 37733W105 1,041 27,660 SH SOLE NONE 0 0 27,660
GMS Inc COM 36251C103 1,290 53,560 SH SOLE NONE 0 0 53,560
Goldman Sachs Group Inc COM 38141G104 1,778 8,852 SH SOLE NONE 0 0 8,852
Hewlett Packard Enterprise Co COM 42824C109 768 81,988 SH SOLE NONE 0 0 81,988
Honeywell International Inc COM 438516106 429 2,612 SH SOLE NONE 0 0 2,612
Illinois Tool Works Inc COM 452308109 3,212 16,628 SH SOLE NONE 0 0 16,628
Intel Corp COM 458140100 355 6,865 SH SOLE NONE 0 0 6,865
IntercontinentalExchange Inc COM 45866F104 1,514 15,141 SH SOLE NONE 0 0 15,141
Intuitive Surgical Inc COM NEW 46120E602 223 315 SH SOLE NONE 0 0 315
Invesco QQQ Trust UNIT SER 1 46090E103 515 1,854 SH SOLE NONE 0 0 1,854
iShares Core S&P 500 CORE S&P500 ETF 464287200 680 2,025 SH SOLE NONE 0 0 2,025
iShares Core S&P Total US Stock Mkt CORE S&P TTL STK 464287150 426 5,655 SH SOLE NONE 0 0 5,655
iShares MSCI EAFE MSCI EAFE ETF 464287465 267 4,203 SH SOLE NONE 0 0 4,203
iShares MSCI Emerging Markets MSCI EMG MKT ETF 464287234 207 4,705 SH SOLE NONE 0 0 4,705
iShares Russell 1000 Growth RUS 1000 GRW ETF 464287614 2,260 10,423 SH SOLE NONE 0 0 10,423
iShares Russell 1000 Value RUS 1000 VAL ETF 464287598 1,111 9,407 SH SOLE NONE 0 0 9,407
iShares Russell 2000 Growth RUS 2000 GRW ETF 464287648 593 2,679 SH SOLE NONE 0 0 2,679
iShares Russell 2000 Value RUS 2000 VAL ETF 464287630 384 3,874 SH SOLE NONE 0 0 3,874
iShares Russell Mid-Cap Growth RUS MD CP GR ETF 464287481 296 1,715 SH SOLE NONE 0 0 1,715
Johnson & Johnson COM 478160104 6,058 40,694 SH SOLE NONE 0 0 40,694
JPMorgan Chase & Co COM 46625H100 1,110 11,534 SH SOLE NONE 0 0 11,534
Juniper Networks Inc COM 48203R104 249 11,586 SH SOLE NONE 0 0 11,586
Kinder Morgan Inc P COM 49456B101 391 31,761 SH SOLE NONE 0 0 31,761
Lennar Corp CL A 526057104 256 3,135 SH SOLE NONE 0 0 3,135
Lennox International Inc COM 526107107 31,378 115,104 SH SOLE NONE 0 0 115,104
Lincoln National Corp COM 534187109 502 16,039 SH SOLE NONE 0 0 16,039
Linde Plc SHS G5494J103 2,400 10,082 SH SOLE NONE 0 0 10,082
Lockheed Martin Corp COM 539830109 695 1,814 SH SOLE NONE 0 0 1,814
Magellan Midstream Ptnrs COM UNIT RP LP 559080106 319 9,333 SH SOLE NONE 0 0 9,333
Mastercard Inc A CL A 57636Q104 4,570 13,514 SH SOLE NONE 0 0 13,514
Matador Resources Co COM 576485205 221 26,822 SH SOLE NONE 0 0 26,822
Mattel Inc COM 577081102 168 14,360 SH SOLE NONE 0 0 14,360
Maxim Integrated Products Inc COM 57772K101 270 4,000 SH SOLE NONE 0 0 4,000
McCormick & Co Inc Non-Voting COM NON VTG 579780206 1,951 10,053 SH SOLE NONE 0 0 10,053
McDonalds Corp COM 580135101 993 4,528 SH SOLE NONE 0 0 4,528
Medtronic Inc SHS G5960L103 637 6,137 SH SOLE NONE 0 0 6,137
MercadoLibre Inc COM 58733R102 281 260 SH SOLE NONE 0 0 260
Merck & Co Inc COM 58933Y105 1,830 22,067 SH SOLE NONE 0 0 22,067
Meta Platforms CL A 30303M102 477 1,822 SH SOLE NONE 0 0 1,822
MetLife Inc COM 59156R108 918 24,720 SH SOLE NONE 0 0 24,720
Micro Focus Int'l PLC ADR SPON ADR NEW 594837403 95 29,776 SH SOLE NONE 0 0 29,776
Microsoft Corp COM 594918104 16,537 78,625 SH SOLE NONE 0 0 78,625
Netflix Inc COM 64110L106 310 620 SH SOLE NONE 0 0 620
News Corp A CL A 65249B109 159 11,341 SH SOLE NONE 0 0 11,341
Nokia OYJ SPONSORED ADR 654902204 58 14,994 SH SOLE NONE 0 0 14,994
Novartis AG SPONSORED ADR 66987V109 1,306 15,025 SH SOLE NONE 0 0 15,025
Occidental Petroleum Corp COM 674599105 491 49,064 SH SOLE NONE 0 0 49,064
OPKO Health Inc COM 68375N103 51 14,000 SH SOLE NONE 0 0 14,000
Oracle Corp COM 68389X105 306 5,137 SH SOLE NONE 0 0 5,137
Otis Worldwide Corp COM 68902V107 242 3,884 SH SOLE NONE 0 0 3,884
PayPal Holdings Inc COM 70450Y103 568 2,885 SH SOLE NONE 0 0 2,885
Pembina Pipeline Corp COM 706327103 250 11,822 SH SOLE NONE 0 0 11,822
PepsiCo Inc COM 713448108 1,290 9,309 SH SOLE NONE 0 0 9,309
Pfizer Inc COM 717081103 3,119 84,986 SH SOLE NONE 0 0 84,986
Philip Morris International In COM 718172109 234 3,133 SH SOLE NONE 0 0 3,133
PIMCO RAFI ESG US RAFI ESG US 72201T342 360 15,974 SH SOLE NONE 0 0 15,974
Plains GP Holdings LP A LTD PARTNR INT A 72651A207 219 36,105 SH SOLE NONE 0 0 36,105
PotlatchDeltic Corp COM 737630103 2,629 62,468 SH SOLE NONE 0 0 62,468
Procter & Gamble Co/The COM 742718109 1,548 11,139 SH SOLE NONE 0 0 11,139
Qualcomm Inc COM 747525103 606 5,152 SH SOLE NONE 0 0 5,152
Raytheon Technologies Corp COM 75513E101 517 8,985 SH SOLE NONE 0 0 8,985
ResMed Inc COM 761152107 5,502 32,100 SH SOLE NONE 0 0 32,100
Salesforce.com Inc COM 79466L302 456 1,817 SH SOLE NONE 0 0 1,817
Sanofi SPONSORED ADR 80105N105 1,494 29,788 SH SOLE NONE 0 0 29,788
Schlumberger Ltd COM 806857108 438 28,205 SH SOLE NONE 0 0 28,205
Schwab Fndmtl Emerg Mkts Large Co SCHWB FDT EMK LG 808524730 768 32,392 SH SOLE NONE 0 0 32,392
Schwab Fndmtl Int'l Large Company SCHWB FDT INT LG 808524755 995 40,508 SH SOLE NONE 0 0 40,508
Schwab Fndmtl Int'l Small Company SCHWB FDT INT SC 808524748 1,376 46,051 SH SOLE NONE 0 0 46,051
Schwab Fndmtl US Large Company SCHWAB FDT US LG 808524771 805 20,792 SH SOLE NONE 0 0 20,792
Schwab Fndmtl US Small Company SCHWAB FDT US SC 808524763 2,573 77,872 SH SOLE NONE 0 0 77,872
Schwab International Equity INTL EQTY ETF 808524805 661 21,069 SH SOLE NONE 0 0 21,069
Schwab US Aggregate Bond US AGGREGATE B 808524839 3,886 69,299 SH SOLE NONE 0 0 69,299
Schwab US Large Core US LRG CAP ETF 808524201 407 5,059 SH SOLE NONE 0 0 5,059
Schwab US Large Growth US LCAP GR ETF 808524300 3,784 32,864 SH SOLE NONE 0 0 32,864
Schwab US Large Value US LCAP VA ETF 808524409 4,456 85,395 SH SOLE NONE 0 0 85,395
Simmons First Nat'l Corp A CL A $1 PAR 828730200 211 13,316 SH SOLE NONE 0 0 13,316
Southwest Airlines Co COM 844741108 357 9,542 SH SOLE NONE 0 0 9,542
SPDR Blackstone GSO Senior Loan BLKSTN GSOSRLN 78467V608 323 7,242 SH SOLE NONE 0 0 7,242
SPDR DoubleLine Total Return Tact SPDR TR TACTIC 78467V848 1,322 26,830 SH SOLE NONE 0 0 26,830
SPDR Dow Jones Industrial Aver UT SER 1 78467X109 524 1,888 SH SOLE NONE 0 0 1,888
SPDR Portfolio Developed Wld ex-US PORTFOLIO DEVLPD 78463X889 4,917 168,056 SH SOLE NONE 0 0 168,056
SPDR Portfolio Large Cap PORTFOLIO S&P500 78464A854 203 5,179 SH SOLE NONE 0 0 5,179
SPDR S&P 500 TR UNIT 78462F103 3,823 11,415 SH SOLE NONE 0 0 11,415
Sprott Physical Gold Trust UNIT 85207H104 632 42,014 SH SOLE NONE 0 0 42,014
Starbucks Corp COM 855244109 8,285 96,435 SH SOLE NONE 0 0 96,435
Synopsys Inc COM 871607107 320 1,500 SH SOLE NONE 0 0 1,500
Target Corp COM 87612E106 518 3,296 SH SOLE NONE 0 0 3,296
TCF Fin'l Corp COM 872307103 482 20,640 SH SOLE NONE 0 0 20,640
Texas Instruments Inc COM 882508104 1,311 9,185 SH SOLE NONE 0 0 9,185
The Home Depot Inc COM 437076102 3,700 13,325 SH SOLE NONE 0 0 13,325
The Walt Disney Co COM DISNEY 254687106 3,363 27,109 SH SOLE NONE 0 0 27,109
Tilray Inc COM CL 2 88688T100 272 56,227 SH SOLE NONE 0 0 56,227
T-Mobile US Inc COM 872590104 1,025 8,967 SH SOLE NONE 0 0 8,967
Travelers Cos Inc/The COM 89417E109 345 3,198 SH SOLE NONE 0 0 3,198
Trinity Industries Inc COM 896522109 751 38,529 SH SOLE NONE 0 0 38,529
Truist Fin'l Corp COM 89832Q109 969 25,473 SH SOLE NONE 0 0 25,473
Unilever NV N Y SHS NEW 904784709 509 8,434 SH SOLE NONE 0 0 8,434
Union Pacific Corp COM 907818108 3,577 18,173 SH SOLE NONE 0 0 18,173
United Parcel Service Inc CL B 911312106 1,700 10,206 SH SOLE NONE 0 0 10,206
UnitedHealth Group Inc COM 91324P102 2,447 7,850 SH SOLE NONE 0 0 7,850
Vanguard FTSE Emerging Markets FTSE EMR MKT ETF 922042858 440 10,192 SH SOLE NONE 0 0 10,192
Vanguard Growth GROWTH ETF 922908736 328 1,445 SH SOLE NONE 0 0 1,445
Vanguard REIT REAL ESTATE ETF 922908553 282 3,583 SH SOLE NONE 0 0 3,583
Vanguard Short-Term Treasury SHORT TERM TREAS 92206C102 529 8,526 SH SOLE NONE 0 0 8,526
Vanguard Total Stk Mkt TOTAL STK MKT 922908769 576 3,385 SH SOLE NONE 0 0 3,385
Veeva Systems Inc A CL A COM 922475108 2,056 7,312 SH SOLE NONE 0 0 7,312
Verastem Inc 5 percent 11-2048 NOTE 5.000%11/0 92337CAA2 264 300,000 PRN SOLE NONE 0 0 300,000
Verisk Analytics Inc COM 92345Y106 2,890 15,600 SH SOLE NONE 0 0 15,600
Verizon Communications Inc COM 92343V104 430 7,238 SH SOLE NONE 0 0 7,238
Viper Energy Partners LP COM UNT RP INT 92763M105 114 15,247 SH SOLE NONE 0 0 15,247
Visa Inc A COM CL A 92826C839 937 4,689 SH SOLE NONE 0 0 4,689
Walmart Inc COM 931142103 1,729 12,361 SH SOLE NONE 0 0 12,361
Wells Fargo & Co COM 949746101 1,028 43,729 SH SOLE NONE 0 0 43,729
Weyerhaeuser Co COM NEW 962166104 3,075 107,846 SH SOLE NONE 0 0 107,846
Williams Cos Inc/The COM 969457100 643 32,766 SH SOLE NONE 0 0 32,766
Zoetis Inc CL A 98978V103 4,997 30,221 SH SOLE NONE 0 0 30,221