Accredited Investors Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Accredited Investors Inc. reported 228 stock positions worth $1.7 billion. Its top holding was iShares Core S&P Midcap ETF (IJH) at 9.8% of the portfolio, followed by Avantis Intl S/C Value ETF (AVDV, 9.4%) and Schwab US Broad Market ETF (SCHB, 6.5%). Compared with Q3 2024, it opened 11 new positions, sold out of 19, added to 79 and reduced 98. The biggest buy was iShares Core S&P Midcap ETF (IJH, shares +17%) and the biggest sale Vanguard Ftse All-World Ex-U (VEU, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- EDINA, MN
- CIK
- 0001518364
- Portfolio Value
- $1.7B (Q4 2024)
- SEC Filing
- 0001518364-25-000003 ↗ filed Feb 13, 2025
Holdings Value
Holdings 228 stocks · $1.7B
| IJH iShares Core S&P Midcap ETF | 9.78% | 2,677,120 | $166.8M | Add +16.6% |
| AVDV Avantis Intl S/C Value ETF | 9.39% | 2,462,412 | $160.3M | Add +6.3% |
| SCHB Schwab US Broad Market ETF | 6.48% | 4,874,788 | $110.7M | Add +0.3% |
| UPS United Parcel Service Class B | 5.80% | 784,749 | $99.0M | Reduce -0.0% |
| IJR iShares Core S&P Small-Cap E | 5.20% | 770,789 | $88.8M | Reduce -0.7% |
| IVV iShares Core S&P 500 ETF | 4.46% | 129,168 | $76.0M | Reduce -0.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.25% | 427,958 | $72.5M | Add +7.1% |
| AMZN Amazon.com Inc. | 3.73% | 289,989 | $63.6M | Reduce -1.7% |
| AAPL Apple Inc. | 3.53% | 240,256 | $60.2M | Reduce -0.9% |
| EFA iShares MSCI Eafe ETF | 3.45% | 777,672 | $58.8M | Reduce -8.2% |
| RBLX Roblox Corp. Class A | 3.38% | 996,864 | $57.7M | Reduce -15.9% |
| BRK.A 1/100 Berkshire HTWY A Class A | 3.19% | 8,000 | $54.5M | Reduce -11.1% |
| IWM iShares Russell 2000 ETF | 3.07% | 237,040 | $52.4M | Reduce -0.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.54% | 847,176 | $43.3M | Reduce -1.9% |
| IWF iShares Russell 1000 Growth | 2.26% | 95,928 | $38.5M | Reduce -0.7% |
| VEU Vanguard Ftse All-World Ex-U | 1.87% | 555,152 | $31.9M | Reduce -57.3% |
| IWP iShares Russell Mid-Cap Grow | 1.66% | 223,403 | $28.3M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.54% | 57,795 | $26.2M | Add +35.7% |
| VT Vanguard Tot World STK ETF | 1.52% | 220,544 | $25.9M | Add +5.5% |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.37% | 787,588 | $23.4M | Add +15.8% |
| VEA Vanguard Ftse Developed ETF | 1.31% | 466,261 | $22.3M | Reduce -4.3% |
| MSFT Microsoft Corp. | 0.93% | 37,584 | $15.8M | Add +70.5% |
| ADP Automatic Data Processing | 0.88% | 51,024 | $14.9M | Add +0.0% |
| ESML iShares ESG Aware MSCI USA S | 0.84% | 341,382 | $14.4M | Reduce -0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.82% | 23,843 | $14.0M | Add +0.8% |
| EFV iShares MSCI Eafe Value ETF | 0.78% | 254,015 | $13.3M | Add +1.4% |
| IWS iShares Russell Mid-Cap Valu | 0.61% | 80,163 | $10.4M | Reduce -2.1% |
| VGLT Vanguard Long-Term Treasury | 0.58% | 179,029 | $9.9M | Reduce -35.3% |
| CHRW C.H. Robinson Worldwide Inc. | 0.57% | 94,027 | $9.7M | Add +2.9% |
| NVDA Nvidia Corp. | 0.57% | 71,820 | $9.6M | Reduce -0.0% |
| EAGG iShares ESG Aware US Aggrega | 0.51% | 185,932 | $8.6M | Reduce -1.6% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.49% | 201,257 | $8.4M | Reduce -2.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.47% | 27,591 | $8.0M | Add +2.9% |
| GIS General Mills Inc. | 0.45% | 120,669 | $7.7M | Reduce -0.2% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.43% | 21,454 | $7.4M | Reduce -2.4% |
| SUSA iShares ESG Optimized MSCI U | 0.43% | 59,968 | $7.3M | Reduce -3.1% |
| ONB Old National Bancorp | 0.35% | 278,002 | $6.0M | Reduce -5.3% |
| GOOG Alphabet Inc. Class C | 0.35% | 30,997 | $5.9M | Add +6.0% |
| JPM JPMorgan Chase & Co. | 0.29% | 20,973 | $5.0M | Add +0.8% |
| ESGD iShares Trust iShares ESG Aw | 0.29% | 65,082 | $5.0M | Reduce -3.1% |
| AGG iShares Core U.S. Aggregate | 0.29% | 50,273 | $4.9M | Reduce -65.5% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.23% | 35,964 | $4.0M | Reduce -4.9% |
| USXF iShares ESG Advance MSCI USA | 0.23% | 77,739 | $3.9M | Add +10.7% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.22% | 59,270 | $3.8M | Add +10.3% |
| UNH Unitedhealth Group Inc. | 0.22% | 7,535 | $3.8M | Reduce -3.6% |
| MMM 3M Co. | 0.22% | 28,693 | $3.7M | Reduce -6.3% |
| IWB iShares Russell 1000 ETF | 0.21% | 10,867 | $3.5M | Add +0.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.19% | 13,494 | $3.2M | Add +0.1% |
| USB US Bancorp | 0.19% | 66,198 | $3.2M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 0.18% | 16,277 | $3.1M | Add +3.8% |
| VXF Vanguard Extended Market ETF | 0.18% | 15,961 | $3.0M | No change |
| VOO Vanguard S&P 500 ETF | 0.16% | 5,144 | $2.8M | Add +1.2% |
| TSLA Tesla Inc. | 0.16% | 6,828 | $2.8M | Reduce -10.6% |
| IWD iShares Russell 1000 Value E | 0.15% | 14,204 | $2.6M | Reduce -0.0% |
| LLY Eli Lilly & Co. | 0.15% | 3,246 | $2.5M | Add +1.3% |
| COST Costco Wholesale Corp. | 0.14% | 2,657 | $2.4M | Add +0.3% |
| SUSB iShares ESG Aware 1-5 Year U | 0.14% | 93,480 | $2.3M | Add +27.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 4,410 | $2.3M | Add +16.8% |
| ITOT iShares Core S&P Total U.S. | 0.13% | 17,353 | $2.2M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 0.13% | 3,718 | $2.2M | Add +2.5% |
| GGG Graco Inc. | 0.12% | 24,401 | $2.1M | Add +3.2% |
| TCMD Tactile Systems Technology I | 0.12% | 115,435 | $2.0M | Add +0.1% |
| TRV The Travelers Cos Inc. | 0.12% | 8,207 | $2.0M | Reduce -0.2% |
| ACN Accenture PLC Class A | 0.12% | 5,582 | $2.0M | Add +0.2% |
| V Visa Inc. Class A | 0.11% | 6,017 | $1.9M | Reduce -5.9% |
| PG The Procter & Gamble Co. | 0.11% | 11,096 | $1.9M | Reduce -9.2% |
| XOM Exxon Mobil Corp. | 0.11% | 16,940 | $1.8M | Reduce -2.3% |
| ORCL Oracle Corp. | 0.11% | 10,830 | $1.8M | Add +2.4% |
| VXUS Vanguard Total Intl Stock | 0.10% | 29,937 | $1.8M | Reduce -0.3% |
| HD Home Depot Inc. | 0.10% | 4,445 | $1.7M | Reduce -1.4% |
| ABT Abbott Laboratories | 0.10% | 14,330 | $1.6M | Add +3.9% |
| AON Aon PLC Class A | 0.09% | 4,184 | $1.5M | Reduce -0.5% |
| SPSC SPS Commerce Inc. | 0.09% | 7,927 | $1.5M | Add +0.2% |
| ABBV Abbvie Inc. | 0.08% | 8,091 | $1.4M | Add +2.0% |
| PEP Pepsico Inc. | 0.08% | 9,298 | $1.4M | Reduce -12.6% |
| XEL Xcel Energy Inc. | 0.08% | 20,835 | $1.4M | Add +0.1% |
| GWX State Street SPDR S&P Intern | 0.08% | 44,298 | $1.4M | Add +10.6% |
| WMT Walmart Inc. | 0.08% | 14,891 | $1.3M | Reduce -4.0% |
| AXP American Express Co. | 0.08% | 4,327 | $1.3M | Reduce -4.4% |
| SCHG Schwab US Large-Cap Growth | 0.07% | 45,704 | $1.3M | Reduce -0.4% |
| WFC Wells Fargo & Co. | 0.07% | 17,458 | $1.2M | Reduce -20.4% |
| HTLF Heartland Financial USA Inc. | 0.07% | 19,860 | $1.2M | Add +1.9% |
| FAST Fastenal Co. | 0.07% | 16,616 | $1.2M | Reduce -9.9% |
| JNJ Johnson & Johnson | 0.07% | 8,199 | $1.2M | Add +3.8% |
| MRK Merck & Co. Inc. | 0.07% | 11,769 | $1.2M | Reduce -0.6% |
| GE General Electric filed as GE AEROSPACE | 0.07% | 6,948 | $1.2M | Reduce -10.1% |
| TGT Target Corp. | 0.07% | 8,412 | $1.1M | Add +1.3% |
| MCD McDonald's Corp. | 0.07% | 3,867 | $1.1M | Add +1.1% |
| TNC Tennant Co. | 0.06% | 13,348 | $1.1M | Add +1.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.06% | 23,783 | $1.0M | Reduce -2.2% |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 5,129 | $1.0M | Reduce -2.9% |
| MDT Medtronic PLC | 0.05% | 11,476 | $917K | Add +0.4% |
| MDY State Street SPDR S&P Midcap | 0.05% | 1,566 | $892K | Reduce -2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 4,005 | $880K | Add +0.8% |
| KO The Coca-Cola Co. | 0.05% | 14,015 | $873K | Add +0.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.05% | 7,555 | $841K | Add +3.4% |
| EUSB Ishr ESG Advn Universal BD-$ | 0.05% | 19,743 | $839K | New |
| BMY Bristol-Myers Squibb Co. | 0.05% | 14,754 | $835K | Reduce -0.1% |
| CAT Caterpillar Inc. | 0.05% | 2,286 | $829K | Reduce -1.7% |
| BR Broadridge Financial Solutio | 0.05% | 3,571 | $807K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| VEU Vanguard Ftse All-World Ex-U | Reduce -57.3% | 1.87% | −2.82 |
| EFA iShares MSCI Eafe ETF | Reduce -8.2% | 3.45% | −0.61 |
| AGG iShares Core U.S. Aggregate | Reduce -65.5% | 0.29% | −0.56 |
| VGLT Vanguard Long-Term Treasury | Reduce -35.3% | 0.58% | −0.39 |
| BRK.A 1/100 Berkshire HTWY A Class A | Reduce -11.1% | 3.19% | −0.37 |
| UPS United Parcel Service Class B | Reduce -0.0% | 5.80% | −0.32 |
| VEA Vanguard Ftse Developed ETF | Reduce -4.3% | 1.31% | −0.17 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -1.9% | 2.54% | −0.07 |
| GIS General Mills Inc. | Reduce -0.2% | 0.45% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -3.6% | 0.22% | −0.04 |
| ESGD iShares Trust iShares ESG Aw | Reduce -3.1% | 0.29% | −0.03 |
| AMAT Applied Materials Inc. | Reduce -42.6% | 0.03% | −0.03 |
| MMM 3M Co. | Reduce -6.3% | 0.22% | −0.02 |
| PEP Pepsico Inc. | Reduce -12.6% | 0.08% | −0.02 |
| EAGG iShares ESG Aware US Aggrega | Reduce -1.6% | 0.51% | −0.02 |
| GSLC Goldman Activebeta US LC ETF | Sold out | 0.00% | −0.02 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.02 |
| ADI Analog Devices Inc. | Reduce -25.8% | 0.04% | −0.02 |
| GE General Electric | Reduce -10.1% | 0.07% | −0.02 |
| HEI Heico Corp. | Sold out | 0.00% | −0.01 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Sold out | 0.00% | −0.01 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.01 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.01 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.01 |
| RBA RB Global Inc. | Sold out | 0.00% | −0.01 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.01 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.01 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −0.01 |
| XLK SS Technology Select Sector | Reduce -28.3% | 0.04% | −0.01 |
| IWS iShares Russell Mid-Cap Valu | Reduce -2.1% | 0.61% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -9.2% | 0.11% | −0.01 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.01 |
| SCHC Schwab Intl Small-Cap Equity | Sold out | 0.00% | −0.01 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.01 |
| MOS The Mosaic Co. | Reduce -18.6% | 0.04% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -2.3% | 0.11% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -0.6% | 0.07% | −0.01 |
| AMT American Tower Corp. | Reduce -26.2% | 0.01% | −0.01 |
| VXUS Vanguard Total Intl Stock | Reduce -0.3% | 0.10% | −0.01 |
| CTAS Cintas Corp. | Reduce -14.3% | 0.02% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.3% | 0.03% | −0.01 |
| FAST Fastenal Co. | Reduce -9.9% | 0.07% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -10.6% | 0.04% | −0.00 |
| INTC Intel Corp. | Reduce -8.2% | 0.02% | −0.00 |
| RVNC Revance Therapeutics Inc. | Sold out | 0.00% | −0.00 |
| PFE Pfizer Inc. | Reduce -5.4% | 0.03% | −0.00 |
| CAT Caterpillar Inc. | Reduce -1.7% | 0.05% | −0.00 |
| GEHC GE Healthcare Technology | Reduce -2.3% | 0.02% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| IJH iShares Core S&P Midcap ETF | Add +16.6% | 9.78% | +1.59 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +35.7% | 1.54% | +0.41 |
| MSFT Microsoft Corp. | Add +70.5% | 0.93% | +0.39 |
| SCHB Schwab US Broad Market ETF | Add +0.3% | 6.48% | +0.32 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +7.1% | 4.25% | +0.25 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +15.8% | 1.37% | +0.21 |
| VT Vanguard Tot World STK ETF | Add +5.5% | 1.52% | +0.09 |
| ADP Automatic Data Processing | Add +0.0% | 0.88% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +6.0% | 0.35% | +0.07 |
| EUSB Ishr ESG Advn Universal BD-$ | New | 0.05% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +0.8% | 0.29% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.8% | 0.82% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.9% | 0.47% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +3.8% | 0.18% | +0.03 |
| AVDV Avantis Intl S/C Value ETF | Add +6.3% | 9.39% | +0.03 |
| SUSB iShares ESG Aware 1-5 Year U | Add +27.4% | 0.14% | +0.03 |
| USXF iShares ESG Advance MSCI USA | Add +10.7% | 0.23% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +16.8% | 0.13% | +0.03 |
| FISV Fiserv Inc. | New | 0.02% | +0.02 |
| TMCI Treace Medical Concepts Inc. | Add +44.9% | 0.04% | +0.02 |
| TCMD Tactile Systems Technology I | Add +0.1% | 0.12% | +0.02 |
| DELL Dell Technologies -C | New | 0.02% | +0.02 |
| KMI Kinder Morgan Inc. | New | 0.01% | +0.01 |
| GS Goldman Sachs Group Inc. | New | 0.01% | +0.01 |
| USB US Bancorp | Add +0.5% | 0.19% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | New | 0.01% | +0.01 |
| BLK BlackRock Inc. | New | 0.01% | +0.01 |
| AVGO Broadcom Inc. | Add +11.6% | 0.04% | +0.01 |
| HWM Howmet Aerospace Inc. | New | 0.01% | +0.01 |
| BROS Dutch Bros Inc. Class A | New | 0.01% | +0.01 |
| KBDC Kayne Anderson BDC Inc. | New | 0.01% | +0.01 |
| HUBS HubSpot Inc. | Add +26.4% | 0.02% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +0.0% | 0.21% | +0.01 |
| DIS The Walt Disney Co. | Add +3.4% | 0.05% | +0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +57.7% | 0.02% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +1.2% | 0.16% | +0.01 |
| META Meta Platforms Inc. Class A | Add +2.5% | 0.13% | +0.01 |
| COST Costco Wholesale Corp. | Add +0.3% | 0.14% | +0.01 |
| HTLF Heartland Financial USA Inc. | Add +1.9% | 0.07% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.1% | 0.19% | +0.01 |
| DVY iShares Select Dividend ETF | Add +37.3% | 0.02% | +0.01 |
| ABT Abbott Laboratories | Add +3.9% | 0.10% | +0.01 |
| CDNS Cadence Design SYS Inc. | Add +1.7% | 0.04% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +23.0% | 0.02% | +0.00 |
| XEL Xcel Energy Inc. | Add +0.1% | 0.08% | +0.00 |
| TECH Bio-Techne Corp. | Add +31.2% | 0.02% | +0.00 |
| CSCO Cisco Systems Inc. | Add +1.1% | 0.03% | +0.00 |
| DFUV Dimensional US Marketwide Va | Add +20.1% | 0.02% | +0.00 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.1% | 0.02% | +0.00 |
| ISRG Intuitive Surgical Inc. | Add +1.9% | 0.03% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 299 | $2.3B | AVDV, SEZL, VEU, SCHB, VTV |
| Q1 2026 | 281 | $1.9B | AVDV, SCHB, VTV, IJH, IWM |
| Q4 2025 | 283 | $1.9B | AVDV, SCHB, VTV, IJH, IVV |
| Q3 2025 | 264 | $1.8B | AVDV, SCHB, IJH, VTV, IVV |
| Q2 2025 | 239 | $1.7B | AVDV, IJH, SCHB, VTV, IVV |
| Q1 2025 | 238 | $1.6B | AVDV, IJH, SCHB, UPS, IJR |
| Q4 2024 | 228 | $1.7B | IJH, AVDV, SCHB, UPS, IJR |
| Q3 2024Amended | 236 | $1.7B | AVDV, IJH, SCHB, UPS, IJR |
| Q2 2024 | 220 | $1.6B | AVDV, IJH, UPS, SCHB, IJR |
| Q1 2024 | 210 | $1.6B | IJH, UPS, AVDV, IJR, EFA |