# EDGAR Filing Document

**Accession Number:** 0002013460
**File Stem:** 0001951757-25-001201
**Filing Date:** 2025-10
**Character Count:** 15103
**Document Hash:** 0a806f63c876988164c5d5fe0a361c8b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-25-001201.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001951757-25-001201

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251027

**EFFECTIVENESS DATE**: 20251028

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** True Vision MN LLC
- **CENTRAL INDEX KEY:** 0002013460

**ORGANIZATION NAME:**
- **EIN:** 833874747
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24007
- **FILM NUMBER:** 251420953

**BUSINESS ADDRESS:**
- **STREET 1:** 7616 CURRELL BOULEVARD
- **STREET 2:** SUITE 220
- **CITY:** WOODBURY
- **STATE:** MN
- **ZIP:** 55125
- **BUSINESS PHONE:** (612) 256-2208

**MAIL ADDRESS:**
- **STREET 1:** 7616 CURRELL BOULEVARD
- **STREET 2:** SUITE 220
- **CITY:** WOODBURY
- **STATE:** MN
- **ZIP:** 55125

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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 Vision MN LLC<br>**Address:** 7616 CURRELL BOULEVARD<br>SUITE 220<br>WOODBURY, MN 55125

**Form 13F File Number:** 028-24007

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:** Darin Pilacinski<br>**Title:** Chief Compliance Officer<br>**Phone:** 612-256-2208

**Signature, Place, and Date of Signing:**

Darin Pilacinski  Woodbury, MN  10-27-2025<br>[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 are reported 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:** 6

**Form 13F Information Table Entry Total:** 108

**Form 13F Information Table Value Total:** $191879647

      (round to nearest dollar)

**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.   | Name                      | Form 13F File Number   |
|:---|:---|:---|
|  | 1919 Investment Council   |  |
|  | BlackRock Investments     |  |
|  | Frontier Asset Management |  |
|  | Kessler Investment Group  |  |
|  | SSGA Funds Manager        |  |
|  | Aptus Capital Management  |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| BROWN FORMAN CORP | CL A | 115637100 |  | 314766 | 11697 | SH |  | DFND | 4 | 0 | 0 | 11697 |
| CANADA GOOSE HLDGS INC | SHS SUB VTG | 135086106 |  | 289452 | 20990 | SH |  | DFND | 4 | 0 | 0 | 20990 |
| GENERAC HLDGS INC | COM | 368736104 |  | 542041 | 3238 | SH |  | DFND | 4 | 0 | 0 | 3238 |
| GRACO INC | COM | 384109104 |  | 2273700 | 26762 | SH |  | SOLE |  | 0 | 0 | 26762 |
| HIMS  HERS HEALTH INC | COM CL A | 433000106 |  | 532658 | 9391 | SH |  | DFND | 4 | 0 | 0 | 9391 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 2872887 | 39479 | SH |  | DFND | 2 | 0 | 0 | 39479 |
| ISHARES INC | MSCI EMERG MRKT | 464286533 |  | 243065 | 3808 | SH |  | DFND | 3 | 0 | 0 | 3808 |
| ISHARES TR | S 100 ETF | 464287101 |  | 7418005 | 22287 | SH |  | DFND | 2 | 0 | 0 | 22287 |
| ISHARES TR | CORE S ETF | 464287200 |  | 12104291 | 18085 | SH |  | DFND | 2 | 0 | 0 | 18085 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 9024424 | 74755 | SH |  | DFND | 2 3 | 0 | 0 | 74755 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 7578710 | 36699 | SH |  | DFND | 2 | 0 | 0 | 36699 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 418107 | 1728 | SH |  | DFND | 3 4 | 0 | 0 | 1728 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 470260 | 2401 | SH |  | DFND | 2 | 0 | 0 | 2401 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 1366928 | 14360 | SH |  | DFND | 2 | 0 | 0 | 14360 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 4887891 | 45900 | SH |  | DFND | 2 3 | 0 | 0 | 45900 |
| ISHARES TR | MBS ETF | 464288588 |  | 4798129 | 50427 | SH |  | DFND | 2 | 0 | 0 | 50427 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 6232646 | 60517 | SH |  | DFND | 2 | 0 | 0 | 60517 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 1748577 | 8356 | SH |  | DFND | 2 | 0 | 0 | 8356 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 7814830 | 115212 | SH |  | DFND | 2 | 0 | 0 | 115212 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 859566 | 7548 | SH |  | DFND | 2 | 0 | 0 | 7548 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 604768 | 6863 | SH |  | DFND | 4 | 0 | 0 | 6863 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 518722 | 10923 | SH |  | DFND | 4 | 0 | 0 | 10923 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 204372 | 7759 | SH |  | SOLE |  | 0 | 0 | 7759 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 2705627 | 84789 | SH |  | DFND | 2 3 4 | 0 | 0 | 84789 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 399998 | 13741 | SH |  | DFND | 2 3 4 | 0 | 0 | 13741 |
| SCHWAB STRATEGIC TR | 1000 INDEX ETF | 808524722 |  | 256960 | 8000 | SH |  | DFND | 2 3 | 0 | 0 | 8000 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 211180 | 7836 | SH |  | DFND | 3 | 0 | 0 | 7836 |
| TIDAL TRUST I | SP DWJNS SUKUK | 886364702 |  | 1688795 | 91385 | SH |  | SOLE |  | 0 | 0 | 91385 |
| TOAST INC | CL A | 888787108 |  | 299528 | 8204 | SH |  | DFND | 4 | 0 | 0 | 8204 |
| UNION PAC CORP | COM | 907818108 |  | 1242833 | 5258 | SH |  | DFND | 1 6 | 0 | 0 | 5258 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1403968 | 19112 | SH |  | DFND | 2 6 | 0 | 0 | 19112 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 885977 | 14786 | SH |  | DFND | 6 | 0 | 0 | 14786 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 699355 | 12908 | SH |  | DFND | 3 6 | 0 | 0 | 12908 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1840858 | 5594 | SH |  | DFND | 2 6 | 0 | 0 | 5594 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 382303 | 4561 | SH |  | DFND | 4 | 0 | 0 | 4561 |
| ADOBE INC | COM | 00724F101 |  | 447640 | 1269 | SH |  | DFND | 4 | 0 | 0 | 1269 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 963648 | 3964 | SH |  | DFND | 1 4 | 0 | 0 | 3964 |
| AMAZON COM INC | COM | 023135106 |  | 500839 | 2281 | SH |  | DFND | 1 4 | 0 | 0 | 2281 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 1597732 | 17946 | SH |  | DFND | 3 | 0 | 0 | 17946 |
| APPLE INC | COM | 037833100 |  | 803612 | 3156 | SH |  | DFND | 1 2 4 | 0 | 0 | 3156 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 890871 | 6114 | SH |  | DFND | 4 | 0 | 0 | 6114 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 3671164 | 68955 | SH |  | DFND | 2 | 0 | 0 | 68955 |
| BLACKROCK ETF TRUST II | ISHARES HIGH YIE | 092528843 |  | 806470 | 16395 | SH |  | DFND | 2 | 0 | 0 | 16395 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 10599878 | 179052 | SH |  | DFND | 2 | 0 | 0 | 179052 |
| BLACKROCK ETF TRUST | ISHARES A I INNO | 09290C780 |  | 3938990 | 115310 | SH |  | DFND | 2 | 0 | 0 | 115310 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 4021641 | 106224 | SH |  | DFND | 2 | 0 | 0 | 106224 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 976837 | 1992 | SH |  | DFND | 4 | 0 | 0 | 1992 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 861536 | 6077 | SH |  | DFND | 4 | 0 | 0 | 6077 |
| ETF SER SOLUTIONS | APTUS COLLRD INV | 26922A222 |  | 2541133 | 58511 | SH |  | DFND | 6 | 0 | 0 | 58511 |
| ETF SER SOLUTIONS | APTUS DEFINED | 26922A388 |  | 1860919 | 64548 | SH |  | DFND | 6 | 0 | 0 | 64548 |
| ETF SER SOLUTIONS | OPUS SML CP VL | 26922A446 |  | 819689 | 21441 | SH |  | DFND | 6 | 0 | 0 | 21441 |
| ETF SER SOLUTIONS | APTUS DRAWDOWN | 26922A784 |  | 1077959 | 21110 | SH |  | DFND | 6 | 0 | 0 | 21110 |
| ETF SER SOLUTIONS | APTUS LRG CAP UP | 26922B444 |  | 444507 | 16670 | SH |  | DFND | 6 | 0 | 0 | 16670 |
| ETF SER SOLUTIONS | APTUS DEFERRED I | 26922B451 |  | 869236 | 33101 | SH |  | DFND | 6 | 0 | 0 | 33101 |
| ETF SER SOLUTIONS | APTUS LARGE CAP | 26922B535 |  | 1320570 | 36131 | SH |  | DFND | 6 | 0 | 0 | 36131 |
| ETF SER SOLUTIONS | APTUS ENHANCED | 26922B642 |  | 741778 | 33286 | SH |  | DFND | 6 | 0 | 0 | 33286 |
| ETF SER SOLUTIONS | APTUS INT ENH YL | 26922B709 |  | 1505081 | 63910 | SH |  | DFND | 6 | 0 | 0 | 63910 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 664872 | 1560 | SH |  | DFND | 4 | 0 | 0 | 1560 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 224263 | 373 | SH |  | DFND | 2 | 0 | 0 | 373 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 584276 | 3080 | SH |  | DFND | 6 | 0 | 0 | 3080 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2029 | 46138J577 |  | 2005992 | 106645 | SH |  | DFND | 4 | 0 | 0 | 106645 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 28 | 46138J643 |  | 683623 | 33234 | SH |  | DFND | 4 | 0 | 0 | 33234 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2027 CB | 46138J783 |  | 674516 | 34222 | SH |  | DFND | 4 | 0 | 0 | 34222 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 CB | 46138J791 |  | 1320085 | 67489 | SH |  | DFND | 4 | 0 | 0 | 67489 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2025 CB | 46138J825 |  | 1966233 | 95033 | SH |  | DFND | 4 | 0 | 0 | 95033 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 954047 | 41265 | SH |  | DFND | 2 | 0 | 0 | 41265 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 1303060 | 12607 | SH |  | DFND | 2 | 0 | 0 | 12607 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 7910315 | 40670 | SH |  | DFND | 2 | 0 | 0 | 40670 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 2375240 | 9262 | SH |  | DFND | 2 | 0 | 0 | 9262 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 7902028 | 119873 | SH |  | DFND | 2 3 | 0 | 0 | 119873 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 437525 | 9901 | SH |  | DFND | 3 | 0 | 0 | 9901 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 14544933 | 311388 | SH |  | DFND | 2 6 | 0 | 0 | 311388 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 337168 | 3370 | SH |  | DFND | 2 | 0 | 0 | 3370 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 2954998 | 57681 | SH |  | DFND | 2 | 0 | 0 | 57681 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE GROWTH | 46654Q609 |  | 501094 | 5345 | SH |  | DFND | 3 | 0 | 0 | 5345 |
| LEGG MASON ETF INVT | FRANKLIN INTL LW | 52468L505 |  | 687494 | 19784 | SH |  | DFND | 3 | 0 | 0 | 19784 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 676948 | 3628 | SH |  | DFND | 1 2 4 | 0 | 0 | 3628 |
| ROKU INC | COM CL A | 77543R102 |  | 775507 | 7745 | SH |  | DFND | 4 | 0 | 0 | 7745 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 814961 | 1220 | SH |  | DFND | 5 | 0 | 0 | 1220 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 264470 | 744 | SH |  | DFND | 3 4 5 | 0 | 0 | 744 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 280298 | 5988 | SH |  | DFND | 5 | 0 | 0 | 5988 |
| SPDR SERIES TRUST | PORTFOLIO LN TSR | 78464A664 |  | 513388 | 19050 | SH |  | DFND | 3 | 0 | 0 | 19050 |
| SPDR SERIES TRUST | S 400 MDCP GRW | 78464A821 |  | 352343 | 3848 | SH |  | DFND | 2 3 4 | 0 | 0 | 3848 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 997347 | 12731 | SH |  | DFND | 6 | 0 | 0 | 12731 |
| SPDR SERIES TRUST | BLOOMBERG ENHNCD | 78468R440 |  | 201524 | 7034 | SH |  | DFND | 5 | 0 | 0 | 7034 |
| SPDR SERIES TRUST | BLOOMBERG HIGH Y | 78468R622 |  | 265945 | 2714 | SH |  | DFND | 5 | 0 | 0 | 2714 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 246165 | 2683 | SH |  | DFND | 5 | 0 | 0 | 2683 |
| SPDR SERIES TRUST | NUVEEN ICE SHORT | 78468R739 |  | 213253 | 4423 | SH |  | DFND | 3 | 0 | 0 | 4423 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 266433 | 5752 | SH |  | DFND | 5 | 0 | 0 | 5752 |
| SSGA ACTIVE TR | SPDR SSGA US SCT | 78470P408 |  | 446062 | 7483 | SH |  | DFND | 5 | 0 | 0 | 7483 |
| SSGA ACTIVE TR | SPDR SSGA FXD | 78470P507 |  | 689259 | 26454 | SH |  | DFND | 5 | 0 | 0 | 26454 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 215357 | 2403 | SH |  | DFND | 4 | 0 | 0 | 2403 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 651872 | 4684 | SH |  | DFND | 4 | 0 | 0 | 4684 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 585802 | 6557 | SH |  | DFND | 4 | 0 | 0 | 6557 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 735056 | 13645 | SH |  | DFND | 4 | 0 | 0 | 13645 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 733055 | 4753 | SH |  | DFND | 4 | 0 | 0 | 4753 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 2397219 | 8505 | SH |  | DFND | 2 4 | 0 | 0 | 8505 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 613512 | 5183 | SH |  | DFND | 2 4 | 0 | 0 | 5183 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 287453 | 6823 | SH |  | DFND | 4 | 0 | 0 | 6823 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 597127 | 6847 | SH |  | DFND | 4 | 0 | 0 | 6847 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 301373 | 11407 | SH |  | DFND | 4 | 0 | 0 | 11407 |
| T ROWE PRICE ETF INC | US EQUITY RESEAR | 87283Q503 |  | 468512 | 11179 | SH |  | DFND | 3 | 0 | 0 | 11179 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 706985 | 2532 | SH |  | SOLE |  | 0 | 0 | 2532 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 548534 | 5599 | SH |  | DFND | 4 | 0 | 0 | 5599 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 440209 | 2918 | SH |  | DFND | 4 | 0 | 0 | 2918 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 355349 | 3101 | SH |  | SOLE |  | 0 | 0 | 3101 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 600065 | 7788 | SH |  | DFND | 4 | 0 | 0 | 7788 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 208595 | 2174 | SH |  | SOLE |  | 0 | 0 | 2174 |

---