Accredited Investors Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Accredited Investors Inc. reported 238 stock positions worth $1.6 billion. Its top holding was Avantis Intl S/C Value ETF (AVDV) at 10.8% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 9.7%) and Schwab US Broad Market ETF (SCHB, 6.5%). Compared with Q4 2024, it opened 16 new positions, sold out of 6, added to 108 and reduced 77. The biggest buy was Avantis Intl S/C Value ETF (AVDV, shares +1%) and the biggest sale Vanguard Ftse All-World Ex-U (VEU, shares −71%).
- Most Recent 13F
- Q2 2026
- Location
- EDINA, MN
- CIK
- 0001518364
- Portfolio Value
- $1.6B (Q1 2025)
- SEC Filing
- 0001518364-25-000004 ↗ filed May 6, 2025
Holdings Value
Holdings 238 stocks · $1.6B
| AVDV Avantis Intl S/C Value ETF | 10.75% | 2,483,580 | $173.2M | Add +0.9% |
| IJH iShares Core S&P Midcap ETF | 9.68% | 2,671,642 | $155.9M | Reduce -0.2% |
| SCHB Schwab US Broad Market ETF | 6.54% | 4,893,337 | $105.4M | Add +0.4% |
| UPS United Parcel Service Class B | 5.36% | 784,421 | $86.3M | Reduce -0.0% |
| IJR iShares Core S&P Small-Cap E | 5.04% | 776,706 | $81.2M | Add +0.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.78% | 445,690 | $77.0M | Add +4.1% |
| IVV iShares Core S&P 500 ETF | 4.48% | 128,458 | $72.2M | Reduce -0.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 3.97% | 80 | $63.9M | No change |
| RBLX Roblox Corp. Class A | 3.46% | 956,895 | $55.8M | Reduce -4.0% |
| EFA iShares MSCI Eafe ETF | 3.26% | 642,312 | $52.5M | Reduce -17.4% |
| AAPL Apple Inc. | 3.18% | 230,314 | $51.2M | Reduce -4.1% |
| AMZN Amazon.com Inc. | 3.02% | 255,468 | $48.6M | Reduce -11.9% |
| IWM iShares Russell 2000 ETF | 2.87% | 231,388 | $46.2M | Reduce -2.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.62% | 826,968 | $42.2M | Reduce -2.4% |
| IWF iShares Russell 1000 Growth | 2.14% | 95,383 | $34.4M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.83% | 55,477 | $29.5M | Reduce -4.0% |
| IWP iShares Russell Mid-Cap Grow | 1.59% | 217,406 | $25.5M | Reduce -2.7% |
| VT Vanguard Tot World STK ETF | 1.55% | 215,258 | $25.0M | Reduce -2.4% |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.44% | 846,162 | $23.2M | Add +7.4% |
| VEA Vanguard Ftse Developed ETF | 1.18% | 373,976 | $19.0M | Reduce -19.8% |
| ADP Automatic Data Processing | 0.97% | 51,071 | $15.6M | Add +0.1% |
| EFV iShares MSCI Eafe Value ETF | 0.92% | 252,005 | $14.9M | Reduce -0.8% |
| MSFT Microsoft Corp. | 0.87% | 37,467 | $14.1M | Reduce -0.3% |
| ESML iShares ESG Aware MSCI USA S | 0.84% | 351,963 | $13.5M | Add +3.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.84% | 24,158 | $13.5M | Add +1.3% |
| CHRW C.H. Robinson Worldwide Inc. | 0.72% | 112,931 | $11.6M | Add +20.1% |
| EAGG iShares ESG Aware US Aggrega | 0.65% | 219,617 | $10.4M | Add +18.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.60% | 159,831 | $9.7M | Reduce -71.2% |
| IWS iShares Russell Mid-Cap Valu | 0.58% | 74,197 | $9.3M | Reduce -7.4% |
| NVDA Nvidia Corp. | 0.48% | 71,248 | $7.7M | Reduce -0.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.46% | 27,017 | $7.4M | Reduce -2.1% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.46% | 194,861 | $7.4M | Reduce -3.2% |
| GIS General Mills Inc. | 0.45% | 119,922 | $7.2M | Reduce -0.6% |
| SUSA iShares ESG Optimized MSCI U | 0.43% | 59,733 | $6.9M | Reduce -0.4% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.40% | 20,720 | $6.4M | Reduce -3.4% |
| ONB Old National Bancorp | 0.37% | 278,002 | $5.9M | No change |
| ESGD iShares Trust iShares ESG Aw | 0.32% | 62,306 | $5.1M | Reduce -4.3% |
| JPM JPMorgan Chase & Co. | 0.31% | 20,582 | $5.0M | Reduce -1.9% |
| GOOG Alphabet Inc. Class C | 0.31% | 31,698 | $5.0M | Add +2.3% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.31% | 73,051 | $4.9M | Add +23.3% |
| UNH Unitedhealth Group Inc. | 0.29% | 9,065 | $4.7M | Add +20.3% |
| MMM 3M Co. | 0.26% | 28,625 | $4.2M | Reduce -0.2% |
| USXF iShares ESG Advance MSCI USA | 0.24% | 82,625 | $3.9M | Add +6.3% |
| SUSB iShares ESG Aware 1-5 Year U | 0.23% | 145,273 | $3.6M | Add +55.4% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.22% | 34,213 | $3.5M | Reduce -4.9% |
| IWB iShares Russell 1000 ETF | 0.21% | 10,873 | $3.3M | Add +0.1% |
| AGG iShares Core U.S. Aggregate | 0.19% | 31,262 | $3.1M | Reduce -37.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.19% | 13,933 | $3.1M | Add +3.3% |
| IWD iShares Russell 1000 Value E | 0.17% | 14,847 | $2.8M | Add +4.5% |
| VOO Vanguard S&P 500 ETF | 0.17% | 5,396 | $2.8M | Add +4.9% |
| VXF Vanguard Extended Market ETF | 0.17% | 15,961 | $2.7M | No change |
| LLY Eli Lilly & Co. | 0.17% | 3,290 | $2.7M | Add +1.4% |
| USB US Bancorp | 0.17% | 64,101 | $2.7M | Reduce -3.2% |
| COST Costco Wholesale Corp. | 0.16% | 2,674 | $2.5M | Add +0.6% |
| TRV The Travelers Cos Inc. | 0.14% | 8,662 | $2.3M | Add +5.5% |
| GOOGL Alphabet Inc. Class A | 0.14% | 14,797 | $2.3M | Reduce -9.1% |
| META Meta Platforms Inc. Class A | 0.14% | 3,899 | $2.2M | Add +4.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 4,547 | $2.1M | Add +3.1% |
| V Visa Inc. Class A | 0.13% | 6,036 | $2.1M | Add +0.3% |
| XOM Exxon Mobil Corp. | 0.13% | 17,649 | $2.1M | Add +4.2% |
| GGG Graco Inc. | 0.13% | 24,907 | $2.1M | Add +2.1% |
| ITOT iShares Core S&P Total U.S. | 0.13% | 16,887 | $2.1M | Reduce -2.7% |
| ABT Abbott Laboratories | 0.12% | 14,195 | $1.9M | Reduce -0.9% |
| VXUS Vanguard Total Intl Stock | 0.11% | 29,806 | $1.9M | Reduce -0.4% |
| PG The Procter & Gamble Co. | 0.11% | 10,706 | $1.8M | Reduce -3.5% |
| ACN Accenture PLC Class A | 0.11% | 5,540 | $1.7M | Reduce -0.8% |
| ABBV Abbvie Inc. | 0.10% | 8,058 | $1.7M | Reduce -0.4% |
| AON Aon PLC Class A | 0.10% | 4,222 | $1.7M | Add +0.9% |
| TSLA Tesla Inc. | 0.10% | 6,456 | $1.7M | Reduce -5.5% |
| HD Home Depot Inc. | 0.10% | 4,484 | $1.6M | Add +0.9% |
| TCMD Tactile Systems Technology I | 0.09% | 115,335 | $1.5M | Reduce -0.1% |
| ORCL Oracle Corp. | 0.09% | 10,706 | $1.5M | Reduce -1.1% |
| XEL Xcel Energy Inc. | 0.09% | 20,967 | $1.5M | Add +0.6% |
| EUSB Ishr ESG Advn Universal BD-$ | 0.09% | 33,273 | $1.4M | Add +68.5% |
| GE General Electric filed as GE AEROSPACE | 0.09% | 7,173 | $1.4M | Add +3.2% |
| JNJ Johnson & Johnson | 0.09% | 8,514 | $1.4M | Add +3.8% |
| PEP Pepsico Inc. | 0.09% | 9,358 | $1.4M | Add +0.7% |
| GWX State Street SPDR S&P Intern | 0.09% | 42,965 | $1.4M | Reduce -3.0% |
| FAST Fastenal Co. | 0.08% | 16,887 | $1.3M | Add +1.6% |
| WMT Walmart Inc. | 0.08% | 14,366 | $1.3M | Reduce -3.5% |
| MCD McDonald's Corp. | 0.08% | 3,987 | $1.2M | Add +3.1% |
| AXP American Express Co. | 0.07% | 4,341 | $1.2M | Add +0.3% |
| DVY iShares Select Dividend ETF | 0.07% | 8,560 | $1.1M | Add +172.5% |
| SCHG Schwab US Large-Cap Growth | 0.07% | 45,705 | $1.1M | Add +0.0% |
| UMBF Umb Financial Corp. | 0.07% | 10,921 | $1.1M | New |
| TNC Tennant Co. | 0.07% | 13,609 | $1.1M | Add +2.0% |
| MDT Medtronic PLC | 0.07% | 11,963 | $1.1M | Add +4.2% |
| SPSC SPS Commerce Inc. | 0.07% | 7,921 | $1.1M | Reduce -0.1% |
| WFC Wells Fargo & Co. | 0.07% | 14,607 | $1.0M | Reduce -16.3% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 5,402 | $1.0M | Add +5.3% |
| KO The Coca-Cola Co. | 0.06% | 14,215 | $1.0M | Add +1.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.06% | 23,919 | $998K | Add +0.6% |
| MRK Merck & Co. Inc. | 0.06% | 10,811 | $970K | Reduce -8.1% |
| TGT Target Corp. | 0.06% | 9,099 | $950K | Add +8.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.06% | 3,573 | $924K | Add +24.9% |
| BR Broadridge Financial Solutio | 0.06% | 3,799 | $921K | Add +6.4% |
| BMY Bristol-Myers Squibb Co. | 0.06% | 14,757 | $900K | Add +0.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.06% | 3,569 | $887K | Reduce -10.9% |
| CVX Chevron Corp. | 0.05% | 5,288 | $885K | Add +0.1% |
| TMCI Treace Medical Concepts Inc. | 0.05% | 100,000 | $839K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| VEU Vanguard Ftse All-World Ex-U | Reduce -71.2% | 0.60% | −1.27 |
| AMZN Amazon.com Inc. | Reduce -11.9% | 3.02% | −0.71 |
| VGLT Vanguard Long-Term Treasury | Reduce -97.7% | 0.01% | −0.57 |
| UPS United Parcel Service Class B | Reduce -0.0% | 5.36% | −0.44 |
| AAPL Apple Inc. | Reduce -4.1% | 3.18% | −0.35 |
| IWM iShares Russell 2000 ETF | Reduce -2.4% | 2.87% | −0.20 |
| EFA iShares MSCI Eafe ETF | Reduce -17.4% | 3.26% | −0.19 |
| VEA Vanguard Ftse Developed ETF | Reduce -19.8% | 1.18% | −0.13 |
| IWF iShares Russell 1000 Growth | Reduce -0.6% | 2.14% | −0.12 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.2% | 9.68% | −0.10 |
| AGG iShares Core U.S. Aggregate | Reduce -37.8% | 0.19% | −0.09 |
| NVDA Nvidia Corp. | Reduce -0.8% | 0.48% | −0.09 |
| IWP iShares Russell Mid-Cap Grow | Reduce -2.7% | 1.59% | −0.07 |
| HTLF Heartland Financial USA Inc. | Sold out | 0.00% | −0.07 |
| TSLA Tesla Inc. | Reduce -5.5% | 0.10% | −0.06 |
| MSFT Microsoft Corp. | Reduce -0.3% | 0.87% | −0.06 |
| GOOGL Alphabet Inc. Class A | Reduce -9.1% | 0.14% | −0.04 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -3.4% | 0.40% | −0.03 |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | Reduce -3.2% | 0.46% | −0.03 |
| IWS iShares Russell Mid-Cap Valu | Reduce -7.4% | 0.58% | −0.03 |
| TCMD Tactile Systems Technology I | Reduce -0.1% | 0.09% | −0.02 |
| SPSC SPS Commerce Inc. | Reduce -0.1% | 0.07% | −0.02 |
| USB US Bancorp | Reduce -3.2% | 0.17% | −0.02 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -4.9% | 0.22% | −0.01 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.01 |
| ORCL Oracle Corp. | Reduce -1.1% | 0.09% | −0.01 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.01 |
| MTUM iShares MSCI USA Momentum Fa | Sold out | 0.00% | −0.01 |
| DES Wisdomtree US Smallcap Divid | Sold out | 0.00% | −0.01 |
| RPG Invesco S&P 500 Pure Growth | Sold out | 0.00% | −0.01 |
| AVGO Broadcom Inc. | Reduce -3.4% | 0.03% | −0.01 |
| KBWB Invesco KBW Bank ETF | Reduce -40.2% | 0.01% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -8.1% | 0.06% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -36.6% | 0.02% | −0.01 |
| ACN Accenture PLC Class A | Reduce -0.8% | 0.11% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.1% | 0.46% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -16.3% | 0.07% | −0.01 |
| SOXX iShares Semiconductor ETF | Reduce -14.8% | 0.02% | −0.01 |
| AAXJ iShares MSCI All Country Asi | Reduce -30.2% | 0.02% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -31.4% | 0.01% | −0.01 |
| GIS General Mills Inc. | Reduce -0.6% | 0.45% | −0.01 |
| PYPL PayPal Holdings Inc. | Reduce -1.8% | 0.02% | −0.00 |
| CDNS Cadence Design SYS Inc. | Reduce -1.4% | 0.03% | −0.00 |
| CRM Salesforce Inc. | Reduce -2.0% | 0.02% | −0.00 |
| DIS The Walt Disney Co. | Reduce -1.2% | 0.05% | −0.00 |
| ITOT iShares Core S&P Total U.S. | Reduce -2.7% | 0.13% | −0.00 |
| IWO iShares Russell 2000 Growth | Reduce -0.4% | 0.04% | −0.00 |
| GEV GE Vernova Inc. | Reduce -4.7% | 0.04% | −0.00 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -0.8% | 0.04% | −0.00 |
| SHOP Shopify Inc. Class A | Reduce -1.0% | 0.04% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| AVDV Avantis Intl S/C Value ETF | Add +0.9% | 10.75% | +1.36 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +4.1% | 4.78% | +0.53 |
| CHRW C.H. Robinson Worldwide Inc. | Add +20.1% | 0.72% | +0.15 |
| EAGG iShares ESG Aware US Aggrega | Add +18.1% | 0.65% | +0.14 |
| ADP Automatic Data Processing | Add +0.1% | 0.97% | +0.09 |
| SUSB iShares ESG Aware 1-5 Year U | Add +55.4% | 0.23% | +0.09 |
| DMXF iShares ESG Advanc MSCI Eafe | Add +23.3% | 0.31% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +20.3% | 0.29% | +0.07 |
| UMBF Umb Financial Corp. | New | 0.07% | +0.07 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +7.4% | 1.44% | +0.07 |
| SCHB Schwab US Broad Market ETF | Add +0.4% | 6.54% | +0.06 |
| DVY iShares Select Dividend ETF | Add +172.5% | 0.07% | +0.05 |
| EUSB Ishr ESG Advn Universal BD-$ | Add +68.5% | 0.09% | +0.04 |
| TRV The Travelers Cos Inc. | Add +5.5% | 0.14% | +0.03 |
| XOM Exxon Mobil Corp. | Add +4.2% | 0.13% | +0.02 |
| EXPE Expedia Group Inc. | New | 0.02% | +0.02 |
| LLY Eli Lilly & Co. | Add +1.4% | 0.17% | +0.02 |
| GE General Electric | Add +3.2% | 0.09% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.3% | 0.84% | +0.02 |
| V Visa Inc. Class A | Add +0.3% | 0.13% | +0.02 |
| IWD iShares Russell 1000 Value E | Add +4.5% | 0.17% | +0.02 |
| JNJ Johnson & Johnson | Add +3.8% | 0.09% | +0.02 |
| AMP Ameriprise Financial Inc. | New | 0.02% | +0.02 |
| GLD SPDR Gold Shares | New | 0.02% | +0.02 |
| AON Aon PLC Class A | Add +0.9% | 0.10% | +0.02 |
| VZ Verizon Communications Inc. | New | 0.02% | +0.02 |
| IJJ iShares S&P Mid-Cap 400 Valu | New | 0.02% | +0.02 |
| APD Air Products & Chemicals Inc. | New | 0.01% | +0.01 |
| COST Costco Wholesale Corp. | Add +0.6% | 0.16% | +0.01 |
| BKMC BNY Mellon US M/C Core ETF | New | 0.01% | +0.01 |
| SO The Southern Co. | New | 0.01% | +0.01 |
| UNP Union Pacific Corp. | New | 0.01% | +0.01 |
| SCHA Schwab US Small-Cap ETF | New | 0.01% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +24.9% | 0.06% | +0.01 |
| MDT Medtronic PLC | Add +4.2% | 0.07% | +0.01 |
| USXF iShares ESG Advance MSCI USA | Add +6.3% | 0.24% | +0.01 |
| JPST JPMorgan Ultra-Short Income | New | 0.01% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | New | 0.01% | +0.01 |
| MSDL Morgan Stanley Direct Lendin | New | 0.01% | +0.01 |
| KO The Coca-Cola Co. | Add +1.4% | 0.06% | +0.01 |
| META Meta Platforms Inc. Class A | Add +4.9% | 0.14% | +0.01 |
| MCD McDonald's Corp. | Add +3.1% | 0.08% | +0.01 |
| FAST Fastenal Co. | Add +1.6% | 0.08% | +0.01 |
| CVX Chevron Corp. | Add +0.1% | 0.05% | +0.01 |
| BR Broadridge Financial Solutio | Add +6.4% | 0.06% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +4.9% | 0.17% | +0.01 |
| XEL Xcel Energy Inc. | Add +0.6% | 0.09% | +0.01 |
| BABA Alibaba Group Holding-SP ADR | Add +1.8% | 0.02% | +0.01 |
| AMGN Amgen Inc. | Add +1.7% | 0.04% | +0.01 |
| GGG Graco Inc. | Add +2.1% | 0.13% | +0.01 |
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 |