Accredited Investors Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Accredited Investors Inc. reported 264 stock positions worth $1.8 billion. Its top holding was Avantis Intl S/C Value ETF (AVDV) at 12.8% of the portfolio, followed by Schwab US Broad Market ETF (SCHB, 6.9%) and iShares Core S&P Midcap ETF (IJH, 6.0%). Compared with Q2 2025, it opened 33 new positions, sold out of 8, added to 92 and reduced 89. The biggest buy was iShares Russell 2000 ETF (IWM, shares +33%) and the biggest sale iShares Core S&P Midcap ETF (IJH, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- EDINA, MN
- CIK
- 0001518364
- Portfolio Value
- $1.8B (Q3 2025)
- SEC Filing
- 0001518364-25-000009 ↗ filed Oct 30, 2025
Holdings Value
Holdings 264 stocks · $1.8B
| AVDV Avantis Intl S/C Value ETF | 12.81% | 2,578,796 | $229.6M | Add +3.5% |
| SCHB Schwab US Broad Market ETF | 6.89% | 4,805,946 | $123.6M | Reduce -1.6% |
| IJH iShares Core S&P Midcap ETF | 6.00% | 1,649,266 | $107.6M | Reduce -19.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.94% | 474,488 | $88.5M | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 4.82% | 129,176 | $86.5M | Add +0.2% |
| IJR iShares Core S&P Small-Cap E | 4.21% | 634,484 | $75.4M | Reduce -6.1% |
| IWM iShares Russell 2000 ETF | 4.10% | 303,453 | $73.4M | Add +32.9% |
| UPS United Parcel Service Class B | 3.65% | 783,700 | $65.5M | No change |
| AAPL Apple Inc. | 3.47% | 244,431 | $62.2M | Add +7.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 3.32% | 79 | $59.6M | No change |
| EFA iShares MSCI Eafe ETF | 3.24% | 621,783 | $58.1M | Reduce -1.3% |
| RBLX Roblox Corp. Class A | 2.91% | 376,574 | $52.2M | Reduce -25.6% |
| AMZN Amazon.com Inc. | 2.85% | 232,446 | $51.0M | Reduce -4.6% |
| IWF iShares Russell 1000 Growth | 2.60% | 99,393 | $46.6M | Add +6.9% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.37% | 767,507 | $42.5M | Reduce -2.7% |
| VGK Vanguard Ftse Europe ETF | 1.91% | 428,900 | $34.2M | Add +19.9% |
| IWP iShares Russell Mid-Cap Grow | 1.59% | 200,795 | $28.6M | Reduce -2.6% |
| VT Vanguard Tot World STK ETF | 1.55% | 201,195 | $27.7M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.39% | 49,666 | $25.0M | Reduce -3.5% |
| MSFT Microsoft Corp. | 1.22% | 42,196 | $21.9M | Add +7.8% |
| VEA Vanguard Ftse Developed ETF | 1.21% | 363,145 | $21.8M | Reduce -0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.98% | 26,499 | $17.7M | Reduce -0.6% |
| EFV iShares MSCI Eafe Value ETF | 0.92% | 242,948 | $16.5M | Reduce -1.7% |
| ADP Automatic Data Processing | 0.85% | 51,943 | $15.2M | Reduce -0.5% |
| NVDA Nvidia Corp. | 0.79% | 75,439 | $14.1M | Add +21.3% |
| ESML iShares ESG Aware MSCI USA S | 0.76% | 302,109 | $13.6M | Reduce -6.4% |
| CHRW C.H. Robinson Worldwide Inc. | 0.74% | 100,811 | $13.3M | Reduce -11.2% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.74% | 427,205 | $13.3M | Reduce -46.6% |
| EAGG iShares ESG Aware US Aggrega | 0.66% | 245,983 | $11.8M | Add +3.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.61% | 152,139 | $10.9M | Reduce -1.2% |
| ONB Old National Bancorp | 0.55% | 450,040 | $9.9M | Add +20.7% |
| GOOG Alphabet Inc. Class C | 0.49% | 35,953 | $8.8M | Add +9.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.48% | 29,328 | $8.6M | Reduce -0.8% |
| IWS iShares Russell Mid-Cap Valu | 0.47% | 60,628 | $8.5M | Reduce -9.7% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.47% | 186,356 | $8.5M | Reduce -3.3% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.46% | 20,592 | $8.3M | Reduce -0.4% |
| SUSA iShares ESG Optimized MSCI U | 0.43% | 56,635 | $7.7M | Add +1.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.39% | 21,562 | $7.1M | Reduce -29.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.36% | 25,482 | $6.5M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.36% | 20,399 | $6.4M | Reduce -1.5% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.34% | 79,697 | $6.0M | Reduce -0.1% |
| GIS General Mills Inc. | 0.33% | 118,072 | $6.0M | Add +0.2% |
| ESGD iShares Trust iShares ESG Aw | 0.32% | 62,493 | $5.8M | Add +0.0% |
| MMM 3M Co. | 0.25% | 28,945 | $4.5M | Add +1.1% |
| SUSB iShares ESG Aware 1-5 Year U | 0.24% | 172,093 | $4.4M | Add +5.9% |
| USXF iShares ESG Advance MSCI USA | 0.24% | 74,934 | $4.3M | Reduce -4.7% |
| GOOGL Alphabet Inc. Class A | 0.24% | 17,411 | $4.2M | Add +22.6% |
| IWB iShares Russell 1000 ETF | 0.22% | 10,743 | $3.9M | No change |
| VOO Vanguard S&P 500 ETF | 0.22% | 6,377 | $3.9M | Add +2.2% |
| UNH Unitedhealth Group Inc. | 0.20% | 10,326 | $3.6M | Add +9.1% |
| ORCL Oracle Corp. | 0.19% | 12,032 | $3.4M | Add +18.0% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.18% | 26,269 | $3.3M | Reduce -5.7% |
| VXUS Vanguard Total Intl Stock | 0.18% | 43,608 | $3.2M | Add +0.0% |
| IWD iShares Russell 1000 Value E | 0.16% | 14,486 | $2.9M | Reduce -0.4% |
| AGG iShares Core U.S. Aggregate | 0.16% | 29,144 | $2.9M | Reduce -1.9% |
| LLY Eli Lilly & Co. | 0.16% | 3,810 | $2.9M | Reduce -1.1% |
| USB US Bancorp | 0.16% | 59,969 | $2.9M | Reduce -6.5% |
| META Meta Platforms Inc. Class A | 0.16% | 3,925 | $2.9M | Add +6.8% |
| TSLA Tesla Inc. | 0.15% | 6,080 | $2.7M | Add +0.5% |
| ITOT iShares Core S&P Total U.S. | 0.13% | 16,026 | $2.3M | Reduce -3.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 3,883 | $2.3M | Reduce -2.2% |
| V Visa Inc. Class A | 0.13% | 6,789 | $2.3M | Reduce -1.2% |
| TRV The Travelers Cos Inc. | 0.13% | 8,300 | $2.3M | Reduce -4.2% |
| COST Costco Wholesale Corp. | 0.13% | 2,490 | $2.3M | Add +2.8% |
| GGG Graco Inc. | 0.12% | 25,514 | $2.2M | Reduce -4.7% |
| ABBV Abbvie Inc. | 0.12% | 9,006 | $2.1M | Add +12.7% |
| XOM Exxon Mobil Corp. | 0.11% | 18,134 | $2.0M | Add +7.9% |
| HD Home Depot Inc. | 0.11% | 4,858 | $2.0M | Add +2.0% |
| ABT Abbott Laboratories | 0.11% | 14,383 | $1.9M | Reduce -5.4% |
| EUSB Ishr ESG Advn Universal BD-$ | 0.10% | 39,187 | $1.7M | Add +0.5% |
| GWX State Street SPDR S&P Intern | 0.10% | 42,640 | $1.7M | Reduce -0.8% |
| XEL Xcel Energy Inc. | 0.10% | 21,146 | $1.7M | Reduce -0.6% |
| PG The Procter & Gamble Co. | 0.09% | 11,046 | $1.7M | Add +0.3% |
| AXP American Express Co. | 0.09% | 4,968 | $1.7M | Add +0.0% |
| TCMD Tactile Systems Technology I | 0.09% | 115,335 | $1.6M | No change |
| FAST Fastenal Co. | 0.09% | 31,857 | $1.6M | Reduce -6.1% |
| AON Aon PLC Class A | 0.08% | 4,194 | $1.5M | Reduce -0.7% |
| SCHG Schwab US Large-Cap Growth | 0.08% | 45,707 | $1.5M | Add +0.0% |
| MDY State Street SPDR S&P Midcap | 0.08% | 2,443 | $1.5M | Add +56.0% |
| APH Amphenol Corp. Class A | 0.08% | 11,748 | $1.5M | Add +3.4% |
| JNJ Johnson & Johnson | 0.08% | 7,806 | $1.4M | Reduce -8.1% |
| WFC Wells Fargo & Co. | 0.08% | 17,053 | $1.4M | Reduce -3.5% |
| WMT Walmart Inc. | 0.08% | 13,466 | $1.4M | Reduce -44.9% |
| CDNS Cadence Design SYS Inc. | 0.08% | 3,907 | $1.4M | Add +36.5% |
| CELC Celcuity Inc. | 0.07% | 27,115 | $1.3M | Reduce -6.9% |
| GE General Electric filed as GE AEROSPACE | 0.07% | 4,444 | $1.3M | Reduce -32.1% |
| PEP Pepsico Inc. | 0.07% | 9,268 | $1.3M | Reduce -2.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 25,193 | $1.3M | Add +0.8% |
| ACN Accenture PLC Class A | 0.07% | 5,209 | $1.3M | Reduce -5.7% |
| MCD McDonald's Corp. | 0.07% | 4,124 | $1.3M | Add +0.2% |
| AVGO Broadcom Inc. | 0.07% | 3,666 | $1.2M | Add +37.8% |
| UMBF Umb Financial Corp. | 0.07% | 9,939 | $1.2M | No change |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 5,440 | $1.2M | Add +5.6% |
| DVY iShares Select Dividend ETF | 0.06% | 8,175 | $1.2M | Reduce -4.9% |
| TBIL F/M US Treasury 3 Month Bill | 0.06% | 22,534 | $1.1M | New |
| TNC Tennant Co. | 0.06% | 13,162 | $1.1M | Reduce -3.3% |
| PSEP Innovator U.S. Equity Power | 0.06% | 24,500 | $1.1M | New |
| NFLX Netflix Inc. | 0.06% | 872 | $1.0M | Add +2.5% |
| KO The Coca-Cola Co. | 0.06% | 15,199 | $1.0M | Add +3.8% |
| LRCX Lam Research Corp. | 0.05% | 7,340 | $983K | Add +236.7% |
Portfolio Sells Q2 2025 → Q3 2025
| IJH iShares Core S&P Midcap ETF | Reduce -19.2% | 6.00% | −1.48 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -46.6% | 0.74% | −0.61 |
| AMZN Amazon.com Inc. | Reduce -4.6% | 2.85% | −0.31 |
| RBLX Roblox Corp. Class A | Reduce -25.6% | 2.91% | −0.24 |
| IJR iShares Core S&P Small-Cap E | Reduce -6.1% | 4.21% | −0.16 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -29.2% | 0.39% | −0.15 |
| VXF Vanguard Extended Market ETF | Reduce -81.8% | 0.03% | −0.15 |
| ADP Automatic Data Processing | Reduce -0.5% | 0.85% | −0.10 |
| IWP iShares Russell Mid-Cap Grow | Reduce -2.6% | 1.59% | −0.10 |
| EFA iShares MSCI Eafe ETF | Reduce -1.3% | 3.24% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.5% | 1.39% | −0.09 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -2.7% | 2.37% | −0.07 |
| WMT Walmart Inc. | Reduce -44.9% | 0.08% | −0.06 |
| IWS iShares Russell Mid-Cap Valu | Reduce -9.7% | 0.47% | −0.05 |
| TMCI Treace Medical Concepts Inc. | Sold out | 0.00% | −0.03 |
| ESML iShares ESG Aware MSCI USA S | Reduce -6.4% | 0.76% | −0.03 |
| ACN Accenture PLC Class A | Reduce -5.7% | 0.07% | −0.03 |
| GE General Electric | Reduce -32.1% | 0.07% | −0.03 |
| MSDL Morgan Stanley Direct Lendin | Sold out | 0.00% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -26.8% | 0.04% | −0.02 |
| FISV Fiserv Inc. | Reduce -27.6% | 0.02% | −0.02 |
| GEV GE Vernova Inc. | Reduce -37.8% | 0.04% | −0.02 |
| ECL Ecolab Inc. | Reduce -21.6% | 0.05% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -1.1% | 0.16% | −0.02 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.02 |
| GGG Graco Inc. | Reduce -4.7% | 0.12% | −0.02 |
| V Visa Inc. Class A | Reduce -1.2% | 0.13% | −0.01 |
| ABT Abbott Laboratories | Reduce -5.4% | 0.11% | −0.01 |
| DMXF iShares ESG Advanc MSCI Eafe | Reduce -0.1% | 0.34% | −0.01 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.3% | 1.21% | −0.01 |
| FUL H.B. Fuller Co. | Sold out | 0.00% | −0.01 |
| HON Honeywell International Inc. | Reduce -14.8% | 0.03% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -1.9% | 0.16% | −0.01 |
| USXF iShares ESG Advance MSCI USA | Reduce -4.7% | 0.24% | −0.01 |
| USB US Bancorp | Reduce -6.5% | 0.16% | −0.01 |
| MSI Motorola Solutions Inc. | Reduce -35.6% | 0.02% | −0.01 |
| EFV iShares MSCI Eafe Value ETF | Reduce -1.7% | 0.92% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.8% | 0.48% | −0.01 |
| ZTS Zoetis Inc. | Reduce -11.3% | 0.03% | −0.01 |
| MDT Medtronic PLC | Reduce -16.0% | 0.05% | −0.01 |
| TRV The Travelers Cos Inc. | Reduce -4.2% | 0.13% | −0.01 |
| HRL Hormel Foods Corp. | Reduce -17.5% | 0.01% | −0.01 |
| BR Broadridge Financial Solutio | Reduce -6.0% | 0.05% | −0.01 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -5.7% | 0.18% | −0.01 |
| BNY Bank of New York Mellon Corp. | Reduce -43.5% | 0.01% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.2% | 0.61% | −0.01 |
| MOS The Mosaic Co. | Reduce -17.0% | 0.02% | −0.01 |
| AON Aon PLC Class A | Reduce -0.7% | 0.08% | −0.01 |
| UEC Uranium Energy Corp. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| IWM iShares Russell 2000 ETF | Add +32.9% | 4.10% | +1.18 |
| AVDV Avantis Intl S/C Value ETF | Add +3.5% | 12.81% | +1.12 |
| AAPL Apple Inc. | Add +7.4% | 3.47% | +0.71 |
| VGK Vanguard Ftse Europe ETF | Add +19.9% | 1.91% | +0.27 |
| IWF iShares Russell 1000 Growth | Add +6.9% | 2.60% | +0.26 |
| NVDA Nvidia Corp. | Add +21.3% | 0.79% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +9.9% | 0.49% | +0.15 |
| IVV iShares Core S&P 500 ETF | Add +0.2% | 4.82% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +22.6% | 0.24% | +0.09 |
| ONB Old National Bancorp | Add +20.7% | 0.55% | +0.08 |
| MSFT Microsoft Corp. | Add +7.8% | 1.22% | +0.07 |
| TBIL F/M US Treasury 3 Month Bill | New | 0.06% | +0.06 |
| PSEP Innovator U.S. Equity Power | New | 0.06% | +0.06 |
| ORCL Oracle Corp. | Add +18.0% | 0.19% | +0.06 |
| LRCX Lam Research Corp. | Add +236.7% | 0.05% | +0.04 |
| TSLA Tesla Inc. | Add +0.5% | 0.15% | +0.04 |
| KOCT Innovator U.S. Small Cap Pow | New | 0.04% | +0.04 |
| MDY State Street SPDR S&P Midcap | Add +56.0% | 0.08% | +0.03 |
| ABBV Abbvie Inc. | Add +12.7% | 0.12% | +0.03 |
| CDNS Cadence Design SYS Inc. | Add +36.5% | 0.08% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +9.1% | 0.20% | +0.02 |
| AVGO Broadcom Inc. | Add +37.8% | 0.07% | +0.02 |
| AMD Advanced Micro Devices | New | 0.02% | +0.02 |
| ITA iShares U.S. Aerospace & Def | New | 0.02% | +0.02 |
| IYJ iShares U.S. Industrials ETF | New | 0.02% | +0.02 |
| IAI iShares U.S. Broker-Dealers | New | 0.02% | +0.02 |
| GLDM SPDR Gold Minishares Trust | New | 0.02% | +0.02 |
| IGV iShares Expanded Tech-Softwa | New | 0.02% | +0.02 |
| OEF iShares S&P 100 ETF | New | 0.02% | +0.02 |
| IYC iShares US Consumer Discreti | New | 0.02% | +0.02 |
| LOW Lowe's Cos Inc. | New | 0.02% | +0.02 |
| QCOM Qualcomm Inc. | New | 0.01% | +0.01 |
| APH Amphenol Corp. Class A | Add +3.4% | 0.08% | +0.01 |
| BLK BlackRock Inc. | New | 0.01% | +0.01 |
| IAK iShares U.S. Insurance ETF | New | 0.01% | +0.01 |
| SEDG Solaredge Technologies Inc. | New | 0.01% | +0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +80.0% | 0.03% | +0.01 |
| GLD SPDR Gold Shares | New | 0.01% | +0.01 |
| AZO AutoZone Inc. | New | 0.01% | +0.01 |
| WM Waste Management Inc. | New | 0.01% | +0.01 |
| VZ Verizon Communications Inc. | New | 0.01% | +0.01 |
| BX Blackstone Inc. | New | 0.01% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | New | 0.01% | +0.01 |
| DE Deere & Co. | New | 0.01% | +0.01 |
| SUSA iShares ESG Optimized MSCI U | Add +1.9% | 0.43% | +0.01 |
| IQV Iqvia Holdings Inc. | New | 0.01% | +0.01 |
| SCHC Schwab Intl Small-Cap Equity | New | 0.01% | +0.01 |
| CCJ Cameco Corp. | New | 0.01% | +0.01 |
| COP Conocophillips | New | 0.01% | +0.01 |
| QUAL iShares MSCI USA Quality Fac | New | 0.01% | +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 |