Accredited Investor Services, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), Accredited Investor Services, LLC reported 70 stock positions worth $132.3 million. Its top holding was Avantis U.S. Equity ETF (AVUS) at 36.1% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 18.5%) and Fidelity Blue Chip Grow ETF (FBCG, 16.0%). Compared with Q1 2025, it opened 3 new positions, sold out of 3, added to 31 and reduced 20. The biggest buy was Fidelity Blue Chip Grow ETF (FBCG, shares +3%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- ST. CLOUD, MN
- CIK
- 0002028621
- Portfolio Value
- $132.3M (Q2 2025)
- SEC Filing
- 0001085146-25-004156 ↗ filed Jul 24, 2025
Holdings Value
Holdings 70 stocks · $132.3M
| AVUS Avantis U.S. Equity ETF | 36.11% | 473,857 | $47.8M | Add +2.7% |
| DFAX Dimensional World Ex US Core | 18.50% | 833,432 | $24.5M | Add +0.4% |
| FBCG Fidelity Blue Chip Grow ETF | 16.02% | 439,551 | $21.2M | Add +2.9% |
| AVUV Avantis US Small Cap Value | 3.42% | 49,669 | $4.5M | Add +15.0% |
| DFAC Dimensional US Core Equity 2 | 2.29% | 84,475 | $3.0M | Add +0.0% |
| IAU iShares Gold Trust | 1.45% | 30,695 | $1.9M | No change |
| SUB iShares Short-Term National | 1.39% | 17,239 | $1.8M | Reduce -2.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.31% | 2,806 | $1.7M | No change |
| MUB iShares National Muni Bond E | 1.27% | 16,098 | $1.7M | Add +5.3% |
| QUAL iShares MSCI USA Quality Fac | 0.83% | 6,029 | $1.1M | Add +50.4% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.79% | 95,890 | $1.0M | Reduce -4.2% |
| VOO Vanguard S&P 500 ETF | 0.79% | 1,830 | $1.0M | Add +0.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.72% | 19,319 | $947K | Reduce -64.0% |
| USMV iShares MSCI USA Min Vol Fac | 0.70% | 9,864 | $926K | Reduce -2.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.70% | 2,111 | $925K | Add +33.7% |
| NUV Nuveen Municipal Value | 0.69% | 105,301 | $915K | Add +0.0% |
| XLF SS Financial Select Sector | 0.67% | 16,907 | $885K | Add +1.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.66% | 4,952 | $875K | Add +29.9% |
| DFUV Dimensional US Marketwide Va | 0.65% | 20,373 | $861K | Reduce -1.0% |
| XLE SS Energy Select Sector | 0.51% | 7,930 | $673K | Add +2.6% |
| NFJ Virtus DVD Intrst & PRM STR | 0.48% | 51,736 | $642K | Reduce -0.6% |
| PFXF Vaneck Pref Sec X-Financials | 0.43% | 33,580 | $575K | No change |
| VTWO Vanguard Russell 2000 ETF | 0.42% | 6,337 | $553K | No change |
| XLV SS Health Care Select Sector | 0.37% | 3,622 | $488K | Add +12.4% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.36% | 9,881 | $481K | Add +1.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.36% | 5,672 | $473K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.35% | 2,265 | $464K | Add +0.1% |
| IEMG iShares Core MSCI Emerging | 0.34% | 7,570 | $454K | Reduce -0.7% |
| VEA Vanguard Ftse Developed ETF | 0.32% | 7,430 | $424K | Add +9.9% |
| IDLV Invesco S&P International DE | 0.31% | 12,441 | $412K | Reduce -13.1% |
| HYD Vaneck High Yield Muni ETF | 0.31% | 8,113 | $407K | Add +7.4% |
| JAAA Janus Henderson Aaa Clo ETF | 0.31% | 8,018 | $407K | No change |
| IQLT iShares MSCI International Q | 0.30% | 9,203 | $398K | No change |
| MTUM iShares MSCI USA Momentum Fa | 0.30% | 1,643 | $395K | No change |
| XEMDX Western Asset Emrg MRKT DBT | 0.29% | 37,629 | $378K | Add +1.5% |
| DFAS Dimensional US Small Cap ETF | 0.27% | 5,555 | $354K | No change |
| ADX Adams Diversified Equity | 0.26% | 15,757 | $342K | Add +3.9% |
| DFAT Dimensional US Target Value | 0.24% | 5,807 | $313K | Add +0.6% |
| IVW iShares S&P 500 Growth ETF | 0.23% | 2,779 | $306K | No change |
| PIO Invesco Global Water ETF | 0.23% | 6,801 | $304K | Add +0.4% |
| SCHG Schwab US Large-Cap Growth | 0.22% | 9,833 | $287K | No change |
| IVV iShares Core S&P 500 ETF | 0.20% | 426 | $265K | Reduce -21.4% |
| MMU Western Asset Managed Munici | 0.19% | 25,725 | $255K | Reduce -1.3% |
| NPFD Nuveen Var RT Pref & Inc. | 0.19% | 13,094 | $252K | Add +4.0% |
| IDEV iShares Core MSCI Dev MKTS | 0.18% | 3,095 | $235K | No change |
| GLD SPDR Gold Shares | 0.18% | 768 | $234K | Add +7.7% |
| NZF Nuveen Municipal Credit Inc. | 0.18% | 19,592 | $234K | Reduce -1.3% |
| IWR iShares Russell Mid-Cap ETF | 0.18% | 2,520 | $232K | No change |
| ACP Abrdn Income Credit Strat | 0.17% | 38,418 | $227K | Add +38.7% |
| JFR Nuveen Floating Rate Income | 0.17% | 26,605 | $225K | Add +0.6% |
| GOVT iShares US Treasury Bond ETF | 0.17% | 9,509 | $219K | No change |
| HYMB SS SPDR N Ice HY Muni ETF | 0.16% | 8,687 | $215K | No change |
| NCZ Virtus Convertible & Income | 0.16% | 16,394 | $210K | Reduce -9.7% |
| OUSM Alps Oshares US Small-Cap Qu | 0.16% | 4,821 | $208K | No change |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.16% | 14,479 | $208K | Reduce -1.3% |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS | 0.15% | 14,334 | $204K | Add +11.8% |
| RA Brookfield Real Assets Incom | 0.14% | 13,447 | $180K | Add +23.0% |
| XEADX Allspring Income Opport | 0.13% | 23,526 | $166K | Add +0.8% |
| XJQCX Nuveen Credit Strategies Inc. | 0.12% | 30,496 | $164K | Add +17.8% |
| WIW Western Asst Infl-LNK Opp | 0.12% | 18,623 | $163K | Reduce -3.0% |
| BTZ BlackRock Credit Allocation | 0.12% | 14,007 | $153K | Reduce -5.5% |
| NAD Nuveen Quality Municipal Inc. | 0.10% | 11,952 | $135K | Reduce -0.2% |
| FTF Franklin Ltd. Dur Inc. TR | 0.10% | 20,934 | $134K | Reduce -1.4% |
| XBOEX BlackRock Enh GLBL DVD TR | 0.10% | 11,730 | $133K | Reduce -14.3% |
| FCT First Trust SNR FL RT Inc. II | 0.08% | 10,147 | $103K | New |
| JPC Nuveen Prefered & Income Opp | 0.07% | 11,610 | $93K | Reduce -3.3% |
| HIO Western Asset Hi Inc. Opport | 0.05% | 17,269 | $69K | Add +55.1% |
| TEI Templeton Emrg MKTS Inc. | 0.05% | 10,849 | $65K | Reduce -0.3% |
| HIX Western Asset High Inc. II | 0.05% | 13,976 | $60K | New |
| EDD Morgan Stanley Emrg MRK Dom | 0.04% | 10,329 | $53K | New |
Portfolio Sells Q1 2025 → Q2 2025
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -64.0% | 0.72% | −1.51 |
| XAODX Abrdn Total Dynamic Dividend | Sold out | 0.00% | −0.54 |
| OIH Vaneck Oil Services ETF | Sold out | 0.00% | −0.18 |
| SUB iShares Short-Term National | Reduce -2.5% | 1.39% | −0.17 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Reduce -4.2% | 0.79% | −0.15 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -2.6% | 0.70% | −0.09 |
| AFB Allianceberstein NTL Muni | Sold out | 0.00% | −0.09 |
| DFUV Dimensional US Marketwide Va | Reduce -1.0% | 0.65% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -21.4% | 0.20% | −0.05 |
| IDLV Invesco S&P International DE | Reduce -13.1% | 0.31% | −0.05 |
| NFJ Virtus DVD Intrst & PRM STR | Reduce -0.6% | 0.48% | −0.04 |
| MMU Western Asset Managed Munici | Reduce -1.3% | 0.19% | −0.03 |
| NZF Nuveen Municipal Credit Inc. | Reduce -1.3% | 0.18% | −0.03 |
| XBOEX BlackRock Enh GLBL DVD TR | Reduce -14.3% | 0.10% | −0.02 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Reduce -1.3% | 0.16% | −0.02 |
| WIW Western Asst Infl-LNK Opp | Reduce -3.0% | 0.12% | −0.02 |
| BTZ BlackRock Credit Allocation | Reduce -5.5% | 0.12% | −0.02 |
| NCZ Virtus Convertible & Income | Reduce -9.7% | 0.16% | −0.02 |
| NAD Nuveen Quality Municipal Inc. | Reduce -0.2% | 0.10% | −0.01 |
| FTF Franklin Ltd. Dur Inc. TR | Reduce -1.4% | 0.10% | −0.01 |
| JPC Nuveen Prefered & Income Opp | Reduce -3.3% | 0.07% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -0.7% | 0.34% | −0.00 |
| TEI Templeton Emrg MKTS Inc. | Reduce -0.3% | 0.05% | +0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| FBCG Fidelity Blue Chip Grow ETF | Add +2.9% | 16.02% | +1.76 |
| AVUS Avantis U.S. Equity ETF | Add +2.7% | 36.11% | +0.50 |
| DFAX Dimensional World Ex US Core | Add +0.4% | 18.50% | +0.33 |
| AVUV Avantis US Small Cap Value | Add +15.0% | 3.42% | +0.27 |
| QUAL iShares MSCI USA Quality Fac | Add +50.4% | 0.83% | +0.26 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +33.7% | 0.70% | +0.21 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +29.9% | 0.66% | +0.11 |
| FCT First Trust SNR FL RT Inc. II | New | 0.08% | +0.08 |
| HIX Western Asset High Inc. II | New | 0.05% | +0.05 |
| EDD Morgan Stanley Emrg MRK Dom | New | 0.04% | +0.04 |
| ACP Abrdn Income Credit Strat | Add +38.7% | 0.17% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +9.9% | 0.32% | +0.03 |
| ADX Adams Diversified Equity | Add +3.9% | 0.26% | +0.02 |
| RA Brookfield Real Assets Incom | Add +23.0% | 0.14% | +0.02 |
| HIO Western Asset Hi Inc. Opport | Add +55.1% | 0.05% | +0.01 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | Add +11.8% | 0.15% | +0.01 |
| XJQCX Nuveen Credit Strategies Inc. | Add +17.8% | 0.12% | +0.01 |
| GLD SPDR Gold Shares | Add +7.7% | 0.18% | +0.01 |
| PIO Invesco Global Water ETF | Add +0.4% | 0.23% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.1% | 0.79% | +0.00 |
| NPFD Nuveen Var RT Pref & Inc. | Add +4.0% | 0.19% | −0.01 |
| XEADX Allspring Income Opport | Add +0.8% | 0.13% | −0.01 |
| DFAT Dimensional US Target Value | Add +0.6% | 0.24% | −0.01 |
| HYD Vaneck High Yield Muni ETF | Add +7.4% | 0.31% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +0.1% | 0.35% | −0.02 |
| JFR Nuveen Floating Rate Income | Add +0.6% | 0.17% | −0.02 |
| XEMDX Western Asset Emrg MRKT DBT | Add +1.5% | 0.29% | −0.02 |
| XLV SS Health Care Select Sector | Add +12.4% | 0.37% | −0.02 |
| XLF SS Financial Select Sector | Add +1.2% | 0.67% | −0.03 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +1.7% | 0.36% | −0.03 |
| DFAC Dimensional US Core Equity 2 | Add +0.0% | 2.29% | −0.04 |
| MUB iShares National Muni Bond E | Add +5.3% | 1.27% | −0.08 |
| NUV Nuveen Municipal Value | Add +0.0% | 0.69% | −0.08 |
| XLE SS Energy Select Sector | Add +2.6% | 0.51% | −0.10 |
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 |