Accredited Investor Services, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Accredited Investor Services, LLC reported 76 stock positions worth $145.5 million. Its top holding was Avantis U.S. Equity ETF (AVUS) at 36.3% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 18.3%) and Fidelity Blue Chip Grow ETF (FBCG, 16.4%). Compared with Q2 2025, it opened 7 new positions, sold out of 1, added to 19 and reduced 36. The biggest buy was a new position in Abrdn Total Dynamic Dividend (XAODX) and the biggest sale Vanguard Mrngstar GR ETF-Sui (VUG, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- ST. CLOUD, MN
- CIK
- 0002028621
- Portfolio Value
- $145.5M (Q3 2025)
- SEC Filing
- 0002028621-25-000002 ↗ filed Oct 21, 2025
Holdings Value
Holdings 76 stocks · $145.5M
| AVUS Avantis U.S. Equity ETF | 36.28% | 485,567 | $52.8M | Add +2.5% |
| DFAX Dimensional World Ex US Core | 18.32% | 849,275 | $26.7M | Add +1.9% |
| FBCG Fidelity Blue Chip Grow ETF | 16.42% | 445,094 | $23.9M | Add +1.3% |
| AVUV Avantis US Small Cap Value | 3.57% | 52,155 | $5.2M | Add +5.0% |
| DFAC Dimensional US Core Equity 2 | 2.23% | 84,072 | $3.2M | Reduce -0.5% |
| IAU iShares Gold Trust | 1.54% | 30,695 | $2.2M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.30% | 2,831 | $1.9M | Add +0.9% |
| SUB iShares Short-Term National | 1.27% | 17,239 | $1.8M | No change |
| MUB iShares National Muni Bond E | 1.18% | 16,148 | $1.7M | Add +0.3% |
| QUAL iShares MSCI USA Quality Fac | 0.80% | 5,994 | $1.2M | Reduce -0.6% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.75% | 95,319 | $1.1M | Reduce -0.6% |
| VOO Vanguard S&P 500 ETF | 0.74% | 1,751 | $1.1M | Reduce -4.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.71% | 20,647 | $1.0M | Add +6.9% |
| NUV Nuveen Municipal Value | 0.65% | 105,301 | $946K | No change |
| USMV iShares MSCI USA Min Vol Fac | 0.65% | 9,863 | $938K | Reduce -0.0% |
| DFUV Dimensional US Marketwide Va | 0.62% | 20,307 | $908K | Reduce -0.3% |
| XLF SS Financial Select Sector | 0.62% | 16,650 | $897K | Reduce -1.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.51% | 1,535 | $736K | Reduce -27.3% |
| XLE SS Energy Select Sector | 0.47% | 7,730 | $691K | Reduce -2.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.47% | 3,702 | $690K | Reduce -25.2% |
| XAODX Abrdn Total Dynamic Dividend | 0.47% | 71,514 | $677K | New |
| NFJ Virtus DVD Intrst & PRM STR | 0.45% | 50,338 | $655K | Reduce -2.7% |
| VTWO Vanguard Russell 2000 ETF | 0.43% | 6,337 | $620K | No change |
| PFXF Vaneck Pref Sec X-Financials | 0.41% | 33,580 | $597K | No change |
| IEMG iShares Core MSCI Emerging | 0.34% | 7,533 | $497K | Reduce -0.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.34% | 5,672 | $495K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.34% | 2,275 | $491K | Add +0.4% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.33% | 9,881 | $483K | No change |
| XLV SS Health Care Select Sector | 0.31% | 3,222 | $448K | Reduce -11.0% |
| MTUM iShares MSCI USA Momentum Fa | 0.29% | 1,643 | $421K | No change |
| IDLV Invesco S&P International DE | 0.29% | 12,441 | $417K | No change |
| JAAA Janus Henderson Aaa Clo ETF | 0.28% | 8,018 | $407K | No change |
| HYD Vaneck High Yield Muni ETF | 0.28% | 7,975 | $406K | Reduce -1.7% |
| IQLT iShares MSCI International Q | 0.28% | 9,094 | $402K | Reduce -1.2% |
| XEMDX Western Asset Emrg MRKT DBT | 0.26% | 36,990 | $382K | Reduce -1.7% |
| DFAS Dimensional US Small Cap ETF | 0.26% | 5,555 | $380K | No change |
| VEA Vanguard Ftse Developed ETF | 0.26% | 6,333 | $379K | Reduce -14.8% |
| DFAT Dimensional US Target Value | 0.23% | 5,814 | $338K | Add +0.1% |
| ADX Adams Diversified Equity | 0.22% | 14,048 | $313K | Reduce -10.8% |
| SCHG Schwab US Large-Cap Growth | 0.21% | 9,643 | $308K | Reduce -1.9% |
| PIO Invesco Global Water ETF | 0.21% | 6,811 | $306K | Add +0.1% |
| IVV iShares Core S&P 500 ETF | 0.20% | 426 | $285K | No change |
| IVW iShares S&P 500 Growth ETF | 0.19% | 2,304 | $278K | Reduce -17.1% |
| ARTY iShares Future AI & Tech ETF | 0.18% | 5,830 | $267K | New |
| GLD SPDR Gold Shares | 0.18% | 747 | $266K | Reduce -2.7% |
| MMU Western Asset Managed Munici | 0.18% | 25,467 | $263K | Reduce -1.0% |
| NPFD Nuveen Var RT Pref & Inc. | 0.18% | 12,871 | $257K | Reduce -1.7% |
| ACP Abrdn Income Credit Strat | 0.17% | 42,219 | $245K | Add +9.9% |
| IWR iShares Russell Mid-Cap ETF | 0.17% | 2,500 | $241K | Reduce -0.8% |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS | 0.17% | 16,348 | $240K | Add +14.1% |
| HYMB SS SPDR N Ice HY Muni ETF | 0.15% | 8,960 | $223K | Add +3.1% |
| IDEV iShares Core MSCI Dev MKTS | 0.15% | 2,763 | $222K | Reduce -10.7% |
| GOVT iShares US Treasury Bond ETF | 0.15% | 9,509 | $220K | No change |
| OUSM Alps Oshares US Small-Cap Qu | 0.15% | 4,821 | $216K | No change |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.15% | 14,354 | $214K | Reduce -0.9% |
| OIH Vaneck Oil Services ETF | 0.14% | 804 | $209K | New |
| RA Brookfield Real Assets Incom | 0.14% | 15,629 | $209K | Add +16.2% |
| ITOT iShares Core S&P Total U.S. | 0.14% | 1,429 | $208K | New |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.14% | 982 | $205K | New |
| SLV iShares Silver Trust | 0.14% | 4,755 | $201K | New |
| NCZ Virtus Convertible & Income | 0.13% | 14,175 | $194K | Reduce -13.5% |
| JFR Nuveen Floating Rate Income | 0.13% | 23,564 | $193K | Reduce -11.4% |
| NZF Nuveen Municipal Credit Inc. | 0.11% | 12,949 | $163K | Reduce -33.9% |
| XEADX Allspring Income Opport | 0.11% | 22,635 | $159K | Reduce -3.8% |
| WIW Western Asst Infl-LNK Opp | 0.10% | 17,005 | $151K | Reduce -8.7% |
| BTZ BlackRock Credit Allocation | 0.10% | 13,445 | $149K | Reduce -4.0% |
| XBOEX BlackRock Enh GLBL DVD TR | 0.09% | 11,935 | $138K | Add +1.8% |
| FTF Franklin Ltd. Dur Inc. TR | 0.09% | 20,663 | $132K | Reduce -1.3% |
| XJQCX Nuveen Credit Strategies Inc. | 0.09% | 24,062 | $127K | Reduce -21.1% |
| NAD Nuveen Quality Municipal Inc. | 0.08% | 10,553 | $123K | Reduce -11.7% |
| NRK Nuveen NY Amt-FR Muni Inc. | 0.08% | 10,731 | $109K | New |
| JPC Nuveen Prefered & Income Opp | 0.06% | 10,565 | $87K | Reduce -9.0% |
| TEI Templeton Emrg MKTS Inc. | 0.05% | 11,828 | $73K | Add +9.0% |
| HIO Western Asset Hi Inc. Opport | 0.05% | 17,769 | $68K | Add +2.9% |
| HIX Western Asset High Inc. II | 0.05% | 15,560 | $68K | Add +11.3% |
| EDD Morgan Stanley Emrg MRK Dom | 0.05% | 12,573 | $68K | Add +21.7% |
Portfolio Sells Q2 2025 → Q3 2025
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -27.3% | 0.51% | −0.19 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -25.2% | 0.47% | −0.19 |
| FCT First Trust SNR FL RT Inc. II | Sold out | 0.00% | −0.08 |
| NZF Nuveen Municipal Credit Inc. | Reduce -33.9% | 0.11% | −0.06 |
| XLV SS Health Care Select Sector | Reduce -11.0% | 0.31% | −0.06 |
| VEA Vanguard Ftse Developed ETF | Reduce -14.8% | 0.26% | −0.06 |
| DFAC Dimensional US Core Equity 2 | Reduce -0.5% | 2.23% | −0.06 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.0% | 0.65% | −0.05 |
| XLF SS Financial Select Sector | Reduce -1.5% | 0.62% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -4.3% | 0.74% | −0.05 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Reduce -0.6% | 0.75% | −0.05 |
| ADX Adams Diversified Equity | Reduce -10.8% | 0.22% | −0.04 |
| IVW iShares S&P 500 Growth ETF | Reduce -17.1% | 0.19% | −0.04 |
| JFR Nuveen Floating Rate Income | Reduce -11.4% | 0.13% | −0.04 |
| XJQCX Nuveen Credit Strategies Inc. | Reduce -21.1% | 0.09% | −0.04 |
| NFJ Virtus DVD Intrst & PRM STR | Reduce -2.7% | 0.45% | −0.03 |
| XLE SS Energy Select Sector | Reduce -2.5% | 0.47% | −0.03 |
| QUAL iShares MSCI USA Quality Fac | Reduce -0.6% | 0.80% | −0.03 |
| HYD Vaneck High Yield Muni ETF | Reduce -1.7% | 0.28% | −0.03 |
| DFUV Dimensional US Marketwide Va | Reduce -0.3% | 0.62% | −0.03 |
| NCZ Virtus Convertible & Income | Reduce -13.5% | 0.13% | −0.03 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -10.7% | 0.15% | −0.03 |
| IQLT iShares MSCI International Q | Reduce -1.2% | 0.28% | −0.02 |
| XEMDX Western Asset Emrg MRKT DBT | Reduce -1.7% | 0.26% | −0.02 |
| WIW Western Asst Infl-LNK Opp | Reduce -8.7% | 0.10% | −0.02 |
| NAD Nuveen Quality Municipal Inc. | Reduce -11.7% | 0.08% | −0.02 |
| XEADX Allspring Income Opport | Reduce -3.8% | 0.11% | −0.02 |
| NPFD Nuveen Var RT Pref & Inc. | Reduce -1.7% | 0.18% | −0.01 |
| BTZ BlackRock Credit Allocation | Reduce -4.0% | 0.10% | −0.01 |
| MMU Western Asset Managed Munici | Reduce -1.0% | 0.18% | −0.01 |
| FTF Franklin Ltd. Dur Inc. TR | Reduce -1.3% | 0.09% | −0.01 |
| JPC Nuveen Prefered & Income Opp | Reduce -9.0% | 0.06% | −0.01 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Reduce -0.9% | 0.15% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.8% | 0.17% | −0.01 |
| SCHG Schwab US Large-Cap Growth | Reduce -1.9% | 0.21% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -0.5% | 0.34% | −0.00 |
| GLD SPDR Gold Shares | Reduce -2.7% | 0.18% | +0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| XAODX Abrdn Total Dynamic Dividend | New | 0.47% | +0.47 |
| FBCG Fidelity Blue Chip Grow ETF | Add +1.3% | 16.42% | +0.39 |
| ARTY iShares Future AI & Tech ETF | New | 0.18% | +0.18 |
| AVUS Avantis U.S. Equity ETF | Add +2.5% | 36.28% | +0.17 |
| AVUV Avantis US Small Cap Value | Add +5.0% | 3.57% | +0.15 |
| OIH Vaneck Oil Services ETF | New | 0.14% | +0.14 |
| ITOT iShares Core S&P Total U.S. | New | 0.14% | +0.14 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.14% | +0.14 |
| SLV iShares Silver Trust | New | 0.14% | +0.14 |
| NRK Nuveen NY Amt-FR Muni Inc. | New | 0.08% | +0.08 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | Add +14.1% | 0.17% | +0.01 |
| RA Brookfield Real Assets Incom | Add +16.2% | 0.14% | +0.01 |
| EDD Morgan Stanley Emrg MRK Dom | Add +21.7% | 0.05% | +0.01 |
| TEI Templeton Emrg MKTS Inc. | Add +9.0% | 0.05% | +0.00 |
| HIX Western Asset High Inc. II | Add +11.3% | 0.05% | +0.00 |
| ACP Abrdn Income Credit Strat | Add +9.9% | 0.17% | −0.00 |
| DFAT Dimensional US Target Value | Add +0.1% | 0.23% | −0.00 |
| HIO Western Asset Hi Inc. Opport | Add +2.9% | 0.05% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +6.9% | 0.71% | −0.01 |
| XBOEX BlackRock Enh GLBL DVD TR | Add +1.8% | 0.09% | −0.01 |
| HYMB SS SPDR N Ice HY Muni ETF | Add +3.1% | 0.15% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +0.4% | 0.34% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.9% | 1.30% | −0.01 |
| PIO Invesco Global Water ETF | Add +0.1% | 0.21% | −0.02 |
| MUB iShares National Muni Bond E | Add +0.3% | 1.18% | −0.09 |
| DFAX Dimensional World Ex US Core | Add +1.9% | 18.32% | −0.18 |
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 |