Accredited Investor Services, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 2, 2025), Accredited Investor Services, LLC reported 70 stock positions worth $119.7 million. Its top holding was Avantis U.S. Equity ETF (AVUS) at 35.6% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 18.2%) and Fidelity Blue Chip Grow ETF (FBCG, 14.3%). Compared with Q4 2024, it opened 41 new positions, sold out of 28, added to 20 and reduced 1. The biggest buy was Dimensional World Ex US Core (DFAX, shares +4%) and the biggest sale an exit from Apple (AAPL).
- Most Recent 13F
- Q2 2026
- Location
- ST. CLOUD, MN
- CIK
- 0002028621
- Portfolio Value
- $119.7M (Q1 2025)
- SEC Filing
- 0001085146-25-002536 ↗ filed May 2, 2025
Holdings Value
Holdings 70 stocks · $119.7M
| AVUS Avantis U.S. Equity ETF | 35.61% | 461,385 | $42.6M | Add +2.9% |
| DFAX Dimensional World Ex US Core | 18.17% | 830,205 | $21.8M | Add +4.3% |
| FBCG Fidelity Blue Chip Grow ETF | 14.26% | 427,111 | $17.1M | Add +0.2% |
| AVUV Avantis US Small Cap Value | 3.15% | 43,193 | $3.8M | Add +3.7% |
| DFAC Dimensional US Core Equity 2 | 2.33% | 84,456 | $2.8M | Reduce -2.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 2.22% | 53,664 | $2.7M | Add +66.1% |
| SUB iShares Short-Term National | 1.56% | 17,686 | $1.9M | New |
| IAU iShares Gold Trust | 1.51% | 30,695 | $1.8M | Add +0.7% |
| MUB iShares National Muni Bond E | 1.35% | 15,292 | $1.6M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.31% | 2,806 | $1.6M | Add +23.3% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.94% | 100,115 | $1.1M | Add +28.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.79% | 10,126 | $948K | New |
| VOO Vanguard S&P 500 ETF | 0.78% | 1,828 | $939K | Add +6.9% |
| NUV Nuveen Municipal Value | 0.77% | 105,300 | $923K | Add +3.4% |
| DFUV Dimensional US Marketwide Va | 0.71% | 20,573 | $848K | Add +1.6% |
| XLF SS Financial Select Sector | 0.70% | 16,707 | $832K | Add +2.9% |
| XLE SS Energy Select Sector | 0.60% | 7,730 | $722K | Add +3.0% |
| QUAL iShares MSCI USA Quality Fac | 0.57% | 4,008 | $685K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.55% | 3,813 | $659K | New |
| XAODX Abrdn Total Dynamic Dividend | 0.54% | 76,327 | $640K | New |
| NFJ Virtus DVD Intrst & PRM STR | 0.53% | 52,020 | $631K | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.49% | 1,579 | $586K | New |
| PFXF Vaneck Pref Sec X-Financials | 0.47% | 33,580 | $563K | Add +1.5% |
| VTWO Vanguard Russell 2000 ETF | 0.43% | 6,337 | $511K | No change |
| XLV SS Health Care Select Sector | 0.39% | 3,222 | $470K | Add +4.9% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.39% | 9,713 | $470K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.37% | 2,262 | $439K | No change |
| IDLV Invesco S&P International DE | 0.36% | 14,322 | $434K | New |
| IEFA iShares Core MSCI Eafe ETF | 0.36% | 5,672 | $429K | New |
| IEMG iShares Core MSCI Emerging | 0.34% | 7,622 | $411K | New |
| JAAA Janus Henderson Aaa Clo ETF | 0.34% | 8,018 | $407K | Add +1.7% |
| HYD Vaneck High Yield Muni ETF | 0.32% | 7,555 | $387K | New |
| XEMDX Western Asset Emrg MRKT DBT | 0.31% | 37,065 | $367K | New |
| IQLT iShares MSCI International Q | 0.31% | 9,203 | $365K | Add +0.4% |
| VEA Vanguard Ftse Developed ETF | 0.29% | 6,760 | $344K | New |
| MTUM iShares MSCI USA Momentum Fa | 0.28% | 1,643 | $332K | No change |
| DFAS Dimensional US Small Cap ETF | 0.28% | 5,555 | $332K | Add +1.0% |
| IVV iShares Core S&P 500 ETF | 0.25% | 542 | $305K | New |
| DFAT Dimensional US Target Value | 0.25% | 5,775 | $297K | Add +0.1% |
| ADX Adams Diversified Equity | 0.24% | 15,164 | $288K | New |
| PIO Invesco Global Water ETF | 0.23% | 6,776 | $272K | Add +0.3% |
| MMU Western Asset Managed Munici | 0.22% | 26,056 | $268K | New |
| IVW iShares S&P 500 Growth ETF | 0.22% | 2,779 | $258K | No change |
| SCHG Schwab US Large-Cap Growth | 0.21% | 9,833 | $246K | New |
| NZF Nuveen Municipal Credit Inc. | 0.20% | 19,846 | $243K | New |
| NPFD Nuveen Var RT Pref & Inc. | 0.20% | 12,595 | $236K | New |
| JFR Nuveen Floating Rate Income | 0.19% | 26,460 | $224K | New |
| HYMB SS SPDR N Ice HY Muni ETF | 0.18% | 8,687 | $219K | New |
| GOVT iShares US Treasury Bond ETF | 0.18% | 9,509 | $219K | New |
| IWR iShares Russell Mid-Cap ETF | 0.18% | 2,520 | $214K | No change |
| IDEV iShares Core MSCI Dev MKTS | 0.18% | 3,095 | $213K | New |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.18% | 14,664 | $212K | New |
| OIH Vaneck Oil Services ETF | 0.18% | 804 | $211K | No change |
| NCZ Virtus Convertible & Income | 0.18% | 18,163 | $210K | New |
| GLD SPDR Gold Shares | 0.17% | 713 | $205K | New |
| OUSM Alps Oshares US Small-Cap Qu | 0.17% | 4,821 | $203K | New |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS | 0.14% | 12,815 | $171K | New |
| WIW Western Asst Infl-LNK Opp | 0.14% | 19,192 | $169K | New |
| ACP Abrdn Income Credit Strat | 0.14% | 27,690 | $163K | New |
| XEADX Allspring Income Opport | 0.13% | 23,337 | $160K | New |
| BTZ BlackRock Credit Allocation | 0.13% | 14,814 | $159K | New |
| XBOEX BlackRock Enh GLBL DVD TR | 0.12% | 13,680 | $148K | New |
| RA Brookfield Real Assets Incom | 0.12% | 10,929 | $144K | New |
| XJQCX Nuveen Credit Strategies Inc. | 0.12% | 25,891 | $139K | New |
| NAD Nuveen Quality Municipal Inc. | 0.12% | 11,977 | $138K | New |
| FTF Franklin Ltd. Dur Inc. TR | 0.11% | 21,243 | $137K | New |
| AFB Allianceberstein NTL Muni | 0.09% | 10,164 | $110K | New |
| JPC Nuveen Prefered & Income Opp | 0.08% | 12,011 | $96K | New |
| TEI Templeton Emrg MKTS Inc. | 0.05% | 10,880 | $59K | New |
| HIO Western Asset Hi Inc. Opport | 0.04% | 11,132 | $44K | New |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Sold out | 0.00% | −3.31 |
| TSLA Tesla Inc. | Sold out | 0.00% | −1.77 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −1.63 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −1.46 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.94 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.89 |
| AXP American Express Co. | Sold out | 0.00% | −0.61 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.56 |
| T AT&T Inc. | Sold out | 0.00% | −0.49 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.48 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.43 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.40 |
| NOG Northern Oil and Gas Inc. | Sold out | 0.00% | −0.30 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.30 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.28 |
| USB US Bancorp | Sold out | 0.00% | −0.24 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.23 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.22 |
| MMM 3M Co. | Sold out | 0.00% | −0.19 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.19 |
| EHC Encompass Health Corp. | Sold out | 0.00% | −0.18 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.17 |
| INSP Inspire Medical Systems Inc. | Sold out | 0.00% | −0.17 |
| HR Healthcare Realty Trust Inc. | Sold out | 0.00% | −0.15 |
| LNSR Lensar Inc. | Sold out | 0.00% | −0.09 |
| DFAC Dimensional US Core Equity 2 | Reduce -2.3% | 2.33% | −0.06 |
| RBBN Ribbon Communications Inc. | Sold out | 0.00% | −0.03 |
| ABSI Absci Corp. | Sold out | 0.00% | −0.02 |
| TNYA Tenaya Therapeutics Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| DFAX Dimensional World Ex US Core | Add +4.3% | 18.17% | +2.34 |
| SUB iShares Short-Term National | New | 1.56% | +1.56 |
| MUB iShares National Muni Bond E | New | 1.35% | +1.35 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +66.1% | 2.22% | +0.93 |
| AVUS Avantis U.S. Equity ETF | Add +2.9% | 35.61% | +0.83 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.79% | +0.79 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.55% | +0.55 |
| XAODX Abrdn Total Dynamic Dividend | New | 0.54% | +0.54 |
| NFJ Virtus DVD Intrst & PRM STR | New | 0.53% | +0.53 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.49% | +0.49 |
| IDLV Invesco S&P International DE | New | 0.36% | +0.36 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.36% | +0.36 |
| IEMG iShares Core MSCI Emerging | New | 0.34% | +0.34 |
| HYD Vaneck High Yield Muni ETF | New | 0.32% | +0.32 |
| XEMDX Western Asset Emrg MRKT DBT | New | 0.31% | +0.31 |
| IAU iShares Gold Trust | Add +0.7% | 1.51% | +0.30 |
| VEA Vanguard Ftse Developed ETF | New | 0.29% | +0.29 |
| IVV iShares Core S&P 500 ETF | New | 0.25% | +0.25 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +23.3% | 1.31% | +0.24 |
| ADX Adams Diversified Equity | New | 0.24% | +0.24 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +28.4% | 0.94% | +0.23 |
| MMU Western Asset Managed Munici | New | 0.22% | +0.22 |
| SCHG Schwab US Large-Cap Growth | New | 0.21% | +0.21 |
| NZF Nuveen Municipal Credit Inc. | New | 0.20% | +0.20 |
| NPFD Nuveen Var RT Pref & Inc. | New | 0.20% | +0.20 |
| JFR Nuveen Floating Rate Income | New | 0.19% | +0.19 |
| HYMB SS SPDR N Ice HY Muni ETF | New | 0.18% | +0.18 |
| GOVT iShares US Treasury Bond ETF | New | 0.18% | +0.18 |
| IDEV iShares Core MSCI Dev MKTS | New | 0.18% | +0.18 |
| DIAX Nuveen Dow 30 Dynamic Overwr | New | 0.18% | +0.18 |
| NCZ Virtus Convertible & Income | New | 0.18% | +0.18 |
| GLD SPDR Gold Shares | New | 0.17% | +0.17 |
| OUSM Alps Oshares US Small-Cap Qu | New | 0.17% | +0.17 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | New | 0.14% | +0.14 |
| WIW Western Asst Infl-LNK Opp | New | 0.14% | +0.14 |
| ACP Abrdn Income Credit Strat | New | 0.14% | +0.14 |
| XEADX Allspring Income Opport | New | 0.13% | +0.13 |
| BTZ BlackRock Credit Allocation | New | 0.13% | +0.13 |
| XBOEX BlackRock Enh GLBL DVD TR | New | 0.12% | +0.12 |
| RA Brookfield Real Assets Incom | New | 0.12% | +0.12 |
| XJQCX Nuveen Credit Strategies Inc. | New | 0.12% | +0.12 |
| NAD Nuveen Quality Municipal Inc. | New | 0.12% | +0.12 |
| FTF Franklin Ltd. Dur Inc. TR | New | 0.11% | +0.11 |
| AFB Allianceberstein NTL Muni | New | 0.09% | +0.09 |
| XLE SS Energy Select Sector | Add +3.0% | 0.60% | +0.09 |
| JPC Nuveen Prefered & Income Opp | New | 0.08% | +0.08 |
| NUV Nuveen Municipal Value | Add +3.4% | 0.77% | +0.07 |
| XLF SS Financial Select Sector | Add +2.9% | 0.70% | +0.07 |
| XLV SS Health Care Select Sector | Add +4.9% | 0.39% | +0.06 |
| TEI Templeton Emrg MKTS Inc. | New | 0.05% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 81 | $177.0M | AVUS, DFAX, FBCG, AVUV, DFAC |
| Q1 2026 | 77 | $155.8M | AVUS, DFAX, FBCG, AVUV, DFAC |
| Q4 2025 | 75 | $150.9M | AVUS, DFAX, FBCG, AVUV, DFAC |
| Q3 2025 | 76 | $145.5M | AVUS, DFAX, FBCG, AVUV, DFAC |
| Q2 2025 | 70 | $132.3M | AVUS, DFAX, FBCG, AVUV, DFAC |
| Q1 2025 | 70 | $119.7M | AVUS, DFAX, FBCG, AVUV, DFAC |
| Q4 2024 | 57 | $125.0M | AVUS, DFAX, FBCG, AAPL, AVUV |