Accredited Investors Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Accredited Investors Inc. reported 239 stock positions worth $1.7 billion. Its top holding was Avantis Intl S/C Value ETF (AVDV) at 11.7% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 7.5%) and Schwab US Broad Market ETF (SCHB, 6.9%). Compared with Q1 2025, it opened 20 new positions, sold out of 19, added to 80 and reduced 91. The biggest buy was a new position in Vanguard Ftse Europe ETF (VGK) and the biggest sale iShares Core S&P Midcap ETF (IJH, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- EDINA, MN
- CIK
- 0001518364
- Portfolio Value
- $1.7B (Q2 2025)
- SEC Filing
- 0001518364-25-000005 ↗ filed Aug 8, 2025
Holdings Value
Holdings 239 stocks · $1.7B
| AVDV Avantis Intl S/C Value ETF | 11.68% | 2,492,034 | $197.6M | Add +0.3% |
| IJH iShares Core S&P Midcap ETF | 7.49% | 2,041,023 | $126.6M | Reduce -23.6% |
| SCHB Schwab US Broad Market ETF | 6.88% | 4,883,682 | $116.4M | Reduce -0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.95% | 473,269 | $83.6M | Add +6.2% |
| IVV iShares Core S&P 500 ETF | 4.73% | 128,899 | $80.0M | Add +0.3% |
| UPS United Parcel Service Class B | 4.68% | 783,700 | $79.1M | Reduce -0.1% |
| IJR iShares Core S&P Small-Cap E | 4.37% | 675,782 | $73.9M | Reduce -13.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 3.40% | 79 | $57.6M | Reduce -1.3% |
| EFA iShares MSCI Eafe ETF | 3.33% | 629,911 | $56.3M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 3.16% | 243,664 | $53.5M | Reduce -4.6% |
| RBLX Roblox Corp. Class A | 3.15% | 505,938 | $53.2M | Reduce -47.1% |
| IWM iShares Russell 2000 ETF | 2.91% | 228,401 | $49.3M | Reduce -1.3% |
| AAPL Apple Inc. | 2.76% | 227,672 | $46.7M | Reduce -1.1% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.44% | 788,483 | $41.3M | Reduce -4.7% |
| IWF iShares Russell 1000 Growth | 2.33% | 92,951 | $39.5M | Reduce -2.5% |
| IWP iShares Russell Mid-Cap Grow | 1.69% | 206,230 | $28.6M | Reduce -5.1% |
| VGK Vanguard Ftse Europe ETF | 1.64% | 357,761 | $27.7M | New |
| VT Vanguard Tot World STK ETF | 1.54% | 202,561 | $26.0M | Reduce -5.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.48% | 51,461 | $25.0M | Reduce -7.2% |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.36% | 800,006 | $22.9M | Reduce -5.5% |
| VEA Vanguard Ftse Developed ETF | 1.23% | 364,214 | $20.8M | Reduce -2.6% |
| MSFT Microsoft Corp. | 1.15% | 39,128 | $19.5M | Add +4.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.97% | 26,668 | $16.5M | Add +10.4% |
| ADP Automatic Data Processing | 0.95% | 52,200 | $16.1M | Add +2.2% |
| EFV iShares MSCI Eafe Value ETF | 0.93% | 247,203 | $15.7M | Reduce -1.9% |
| ESML iShares ESG Aware MSCI USA S | 0.79% | 322,711 | $13.3M | Reduce -8.3% |
| EAGG iShares ESG Aware US Aggrega | 0.67% | 237,327 | $11.3M | Add +8.1% |
| CHRW C.H. Robinson Worldwide Inc. | 0.64% | 113,560 | $10.9M | Add +0.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.61% | 154,016 | $10.4M | Reduce -3.6% |
| NVDA Nvidia Corp. | 0.58% | 62,182 | $9.8M | Reduce -12.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.55% | 30,437 | $9.3M | Add +12.7% |
| IWS iShares Russell Mid-Cap Valu | 0.52% | 67,108 | $8.9M | Reduce -9.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.49% | 29,557 | $8.3M | Add +727.2% |
| ONB Old National Bancorp | 0.47% | 372,895 | $8.0M | Add +34.1% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.46% | 192,735 | $7.8M | Reduce -1.1% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.45% | 20,670 | $7.6M | Reduce -0.2% |
| SUSA iShares ESG Optimized MSCI U | 0.42% | 55,584 | $7.0M | Reduce -7.0% |
| GIS General Mills Inc. | 0.36% | 117,872 | $6.1M | Reduce -1.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.36% | 25,456 | $6.0M | Add +82.7% |
| JPM JPMorgan Chase & Co. | 0.35% | 20,705 | $6.0M | Add +0.6% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.35% | 79,793 | $5.9M | Add +9.2% |
| GOOG Alphabet Inc. Class C | 0.34% | 32,725 | $5.8M | Add +3.2% |
| ESGD iShares Trust iShares ESG Aw | 0.33% | 62,476 | $5.6M | Add +0.3% |
| MMM 3M Co. | 0.26% | 28,627 | $4.4M | Add +0.0% |
| USXF iShares ESG Advance MSCI USA | 0.25% | 78,611 | $4.2M | Reduce -4.9% |
| SUSB iShares ESG Aware 1-5 Year U | 0.24% | 162,491 | $4.1M | Add +11.8% |
| IWB iShares Russell 1000 ETF | 0.22% | 10,743 | $3.6M | Reduce -1.2% |
| VOO Vanguard S&P 500 ETF | 0.21% | 6,239 | $3.5M | Add +15.6% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.19% | 27,849 | $3.2M | Reduce -18.6% |
| VXF Vanguard Extended Market ETF | 0.18% | 15,961 | $3.1M | No change |
| VXUS Vanguard Total Intl Stock | 0.18% | 43,601 | $3.0M | Add +46.3% |
| LLY Eli Lilly & Co. | 0.18% | 3,851 | $3.0M | Add +17.1% |
| UNH Unitedhealth Group Inc. | 0.17% | 9,461 | $3.0M | Add +4.4% |
| AGG iShares Core U.S. Aggregate | 0.17% | 29,707 | $2.9M | Reduce -5.0% |
| USB US Bancorp | 0.17% | 64,107 | $2.9M | Add +0.0% |
| IWD iShares Russell 1000 Value E | 0.17% | 14,547 | $2.8M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 0.16% | 3,676 | $2.7M | Reduce -5.7% |
| GOOGL Alphabet Inc. Class A | 0.15% | 14,207 | $2.5M | Reduce -4.0% |
| V Visa Inc. Class A | 0.14% | 6,871 | $2.4M | Add +13.8% |
| COST Costco Wholesale Corp. | 0.14% | 2,423 | $2.4M | Reduce -9.4% |
| WMT Walmart Inc. | 0.14% | 24,450 | $2.4M | Add +70.2% |
| TRV The Travelers Cos Inc. | 0.14% | 8,662 | $2.3M | No change |
| GGG Graco Inc. | 0.14% | 26,782 | $2.3M | Add +7.5% |
| ITOT iShares Core S&P Total U.S. | 0.13% | 16,519 | $2.2M | Reduce -2.2% |
| ORCL Oracle Corp. | 0.13% | 10,195 | $2.2M | Reduce -4.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 3,970 | $2.2M | Reduce -12.7% |
| ABT Abbott Laboratories | 0.12% | 15,209 | $2.1M | Add +7.1% |
| TSLA Tesla Inc. | 0.11% | 6,050 | $1.9M | Reduce -6.3% |
| XOM Exxon Mobil Corp. | 0.11% | 16,808 | $1.8M | Reduce -4.8% |
| PG The Procter & Gamble Co. | 0.10% | 11,012 | $1.8M | Add +2.9% |
| HD Home Depot Inc. | 0.10% | 4,761 | $1.7M | Add +6.2% |
| EUSB Ishr ESG Advn Universal BD-$ | 0.10% | 38,982 | $1.7M | Add +17.2% |
| GE General Electric filed as GE AEROSPACE | 0.10% | 6,548 | $1.7M | Reduce -8.7% |
| ACN Accenture PLC Class A | 0.10% | 5,521 | $1.7M | Reduce -0.3% |
| GWX State Street SPDR S&P Intern | 0.09% | 42,965 | $1.6M | No change |
| AXP American Express Co. | 0.09% | 4,967 | $1.6M | Add +14.4% |
| AON Aon PLC Class A | 0.09% | 4,222 | $1.5M | No change |
| ABBV Abbvie Inc. | 0.09% | 7,988 | $1.5M | Reduce -0.9% |
| XEL Xcel Energy Inc. | 0.09% | 21,276 | $1.4M | Add +1.5% |
| FAST Fastenal Co. | 0.08% | 33,933 | $1.4M | Add +0.5% |
| WFC Wells Fargo & Co. | 0.08% | 17,662 | $1.4M | Add +20.9% |
| SCHG Schwab US Large-Cap Growth | 0.08% | 45,706 | $1.3M | Add +0.0% |
| JNJ Johnson & Johnson | 0.08% | 8,490 | $1.3M | Reduce -0.3% |
| PEP Pepsico Inc. | 0.07% | 9,521 | $1.3M | Add +1.7% |
| MCD McDonald's Corp. | 0.07% | 4,114 | $1.2M | Add +3.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 24,985 | $1.2M | Add +4.5% |
| TCMD Tactile Systems Technology I | 0.07% | 115,335 | $1.2M | No change |
| DVY iShares Select Dividend ETF | 0.07% | 8,595 | $1.1M | Add +0.4% |
| NFLX Netflix Inc. | 0.07% | 851 | $1.1M | Reduce -0.2% |
| APH Amphenol Corp. Class A | 0.07% | 11,364 | $1.1M | Add +27.8% |
| ECL Ecolab Inc. | 0.07% | 4,099 | $1.1M | Add +55.6% |
| SPSC SPS Commerce Inc. | 0.06% | 7,909 | $1.1M | Reduce -0.1% |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 5,153 | $1.1M | Reduce -4.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.06% | 3,576 | $1.1M | Add +0.2% |
| TNC Tennant Co. | 0.06% | 13,605 | $1.1M | Reduce -0.0% |
| UMBF Umb Financial Corp. | 0.06% | 9,939 | $1.0M | Reduce -9.0% |
| KO The Coca-Cola Co. | 0.06% | 14,648 | $1.0M | Add +3.0% |
| MDT Medtronic PLC | 0.06% | 11,481 | $1.0M | Reduce -4.0% |
| GEV GE Vernova Inc. | 0.06% | 1,861 | $985K | Reduce -0.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 7,938 | $984K | Add +6.3% |
Portfolio Sells Q1 2025 → Q2 2025
| IJH iShares Core S&P Midcap ETF | Reduce -23.6% | 7.49% | −2.19 |
| UPS United Parcel Service Class B | Reduce -0.1% | 4.68% | −0.68 |
| IJR iShares Core S&P Small-Cap E | Reduce -13.0% | 4.37% | −0.68 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -1.3% | 3.40% | −0.56 |
| AAPL Apple Inc. | Reduce -1.1% | 2.76% | −0.41 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.2% | 1.48% | −0.36 |
| RBLX Roblox Corp. Class A | Reduce -47.1% | 3.15% | −0.32 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -4.7% | 2.44% | −0.18 |
| GIS General Mills Inc. | Reduce -1.7% | 0.36% | −0.08 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -5.5% | 1.36% | −0.08 |
| IWS iShares Russell Mid-Cap Valu | Reduce -9.6% | 0.52% | −0.06 |
| ESML iShares ESG Aware MSCI USA S | Reduce -8.3% | 0.79% | −0.05 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.03 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -18.6% | 0.19% | −0.03 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -4.8% | 0.11% | −0.02 |
| MOS The Mosaic Co. | Reduce -58.3% | 0.02% | −0.02 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -5.0% | 0.17% | −0.02 |
| ABBV Abbvie Inc. | Reduce -0.9% | 0.09% | −0.02 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.02 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.02 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.02 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -9.4% | 0.14% | −0.02 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.02 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.01 |
| VGLT Vanguard Long-Term Treasury | Sold out | 0.00% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -9.0% | 0.05% | −0.01 |
| COP Conocophillips | Sold out | 0.00% | −0.01 |
| BKMC BNY Mellon US M/C Core ETF | Sold out | 0.00% | −0.01 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.01 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Sold out | 0.00% | −0.01 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.01 |
| JPST JPMorgan Ultra-Short Income | Sold out | 0.00% | −0.01 |
| CVX Chevron Corp. | Reduce -2.0% | 0.04% | −0.01 |
| TGT Target Corp. | Reduce -9.9% | 0.05% | −0.01 |
| JNJ Johnson & Johnson | Reduce -0.3% | 0.08% | −0.01 |
| VT Vanguard Tot World STK ETF | Reduce -5.9% | 1.54% | −0.01 |
| ACN Accenture PLC Class A | Reduce -0.3% | 0.10% | −0.01 |
| SUSA iShares ESG Optimized MSCI U | Reduce -7.0% | 0.42% | −0.01 |
| ELV Elevance Health Inc. | Reduce -16.1% | 0.02% | −0.01 |
| MDT Medtronic PLC | Reduce -4.0% | 0.06% | −0.01 |
| CAT Caterpillar Inc. | Reduce -25.0% | 0.04% | −0.01 |
| UMBF Umb Financial Corp. | Reduce -9.0% | 0.06% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.8% | 0.02% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -2.0% | 0.17% | −0.01 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.04% | −0.01 |
| SOWG Sow Good Inc. | Reduce -17.2% | 0.01% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| VGK Vanguard Ftse Europe ETF | New | 1.64% | +1.64 |
| AVDV Avantis Intl S/C Value ETF | Add +0.3% | 11.68% | +0.93 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +727.2% | 0.49% | +0.43 |
| MSFT Microsoft Corp. | Add +4.4% | 1.15% | +0.28 |
| IVV iShares Core S&P 500 ETF | Add +0.3% | 4.73% | +0.25 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +6.2% | 4.95% | +0.17 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +82.7% | 0.36% | +0.16 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +10.4% | 0.97% | +0.14 |
| ONB Old National Bancorp | Add +34.1% | 0.47% | +0.10 |
| VTI VG Morningstar TS MKT ETF-US | Add +12.7% | 0.55% | +0.09 |
| VXUS Vanguard Total Intl Stock | Add +46.3% | 0.18% | +0.06 |
| WMT Walmart Inc. | Add +70.2% | 0.14% | +0.06 |
| DMXF iShares ESG Advanc MSCI Eafe | Add +9.2% | 0.35% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +0.6% | 0.35% | +0.04 |
| SCHW Schwab (charles) Corp. | New | 0.04% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +15.6% | 0.21% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +3.2% | 0.34% | +0.04 |
| APH Amphenol Corp. Class A | Add +27.8% | 0.07% | +0.03 |
| MSI Motorola Solutions Inc. | New | 0.03% | +0.03 |
| MA Mastercard Inc. Class A | Add +120.8% | 0.05% | +0.03 |
| BXSL Blackstone Secured Lending F | New | 0.03% | +0.03 |
| ETN Eaton Corp. PLC | New | 0.03% | +0.03 |
| ECL Ecolab Inc. | Add +55.6% | 0.07% | +0.02 |
| FDUS Fidus Investment Corp. | New | 0.02% | +0.02 |
| PDI PIMCO Dynamic Income Fund | New | 0.02% | +0.02 |
| AXP American Express Co. | Add +14.4% | 0.09% | +0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.02% | +0.02 |
| EAGG iShares ESG Aware US Aggrega | Add +8.1% | 0.67% | +0.02 |
| WFC Wells Fargo & Co. | Add +20.9% | 0.08% | +0.02 |
| CDNS Cadence Design SYS Inc. | Add +33.4% | 0.05% | +0.02 |
| KBDC Kayne Anderson BDC Inc. | Add +119.4% | 0.04% | +0.02 |
| TJX TJX Companies Inc. | New | 0.02% | +0.02 |
| AVGO Broadcom Inc. | Add +5.9% | 0.04% | +0.02 |
| IAU iShares Gold Trust | New | 0.02% | +0.02 |
| SUSB iShares ESG Aware 1-5 Year U | Add +11.8% | 0.24% | +0.02 |
| NVT Nvent Electric PLC | New | 0.02% | +0.02 |
| AJG Arthur J Gallagher & Co. | New | 0.01% | +0.01 |
| MTUM iShares MSCI USA Momentum Fa | New | 0.01% | +0.01 |
| BKLC BNY Mellon US LRG Cap Cor | New | 0.01% | +0.01 |
| ESGD iShares Trust iShares ESG Aw | Add +0.3% | 0.33% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.01% | +0.01 |
| FUL H.B. Fuller Co. | New | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +13.8% | 0.14% | +0.01 |
| CIBR First Trust Nasdaq Cybersecu | New | 0.01% | +0.01 |
| FISV Fiserv Inc. | Add +100.6% | 0.04% | +0.01 |
| JVAL JPMorgan US Value Factor ETF | New | 0.01% | +0.01 |
| DIS The Walt Disney Co. | Add +6.3% | 0.06% | +0.01 |
| LRCX Lam Research Corp. | New | 0.01% | +0.01 |
| CPHC Canterbury Park Holding Corp. | New | 0.01% | +0.01 |
| OBDC Blue Owl Capital Corp. | Add +90.2% | 0.03% | +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 |