Ballast Advisors LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 1, 2024), Ballast Advisors LLC reported 172 stock positions worth $296.7 million. Its top holding was Schwab US Large-Cap Value (SCHV) at 9.7% of the portfolio, followed by Schwab US Large-Cap ETF (SCHX, 9.7%) and Schwab Intl Equity ETF (SCHF, 8.6%). Compared with Q4 2023, it opened 10 new positions, sold out of 7, added to 60 and reduced 67. The biggest buy was Nvidia (NVDA, shares +3%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- WOODBURY, MN
- CIK
- 0001803415
- Portfolio Value
- $296.7M (Q1 2024)
- SEC Filing
- 0001398344-24-008463 ↗ filed May 1, 2024
Holdings Value
Holdings 172 stocks · $296.7M
| SCHV Schwab US Large-Cap Value | 9.71% | 379,350 | $28.8M | Add +6.4% |
| SCHX Schwab US Large-Cap ETF | 9.70% | 463,813 | $28.8M | Add +2.3% |
| SCHF Schwab Intl Equity ETF | 8.64% | 656,905 | $25.6M | Add +7.6% |
| SCHG Schwab US Large-Cap Growth | 7.99% | 255,630 | $23.7M | Add +2.5% |
| AAPL Apple Inc. | 6.58% | 113,776 | $19.5M | Reduce -2.5% |
| AGG iShares Core U.S. Aggregate | 5.89% | 178,426 | $17.5M | Add +14.1% |
| MSFT Microsoft Corp. | 3.84% | 27,064 | $11.4M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 3.47% | 51,425 | $10.3M | Reduce -0.1% |
| EPD Enterprise Products Partners | 3.02% | 306,971 | $9.0M | Add +2.7% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 2.24% | 262,996 | $6.6M | Add +11.1% |
| UBER Uber Technologies Inc. | 2.18% | 84,165 | $6.5M | Reduce -6.0% |
| SCHO Schwab Short-Term US Treas | 1.97% | 121,084 | $5.8M | Add +6.2% |
| SCHB Schwab US Broad Market ETF | 1.94% | 94,329 | $5.8M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.52% | 10,748 | $4.5M | Reduce -2.6% |
| SCHA Schwab US Small-Cap ETF | 1.45% | 87,465 | $4.3M | Add +7.3% |
| AMZN Amazon.com Inc. | 1.25% | 20,484 | $3.7M | Reduce -0.1% |
| NVDA Nvidia Corp. | 1.15% | 3,761 | $3.4M | Add +2.7% |
| BX Blackstone Inc. | 0.93% | 21,008 | $2.8M | Reduce -7.4% |
| GOOGL Alphabet Inc. Class A | 0.87% | 17,176 | $2.6M | Add +0.7% |
| NTIC Northern Technologies Intl | 0.87% | 191,000 | $2.6M | No change |
| V Visa Inc. Class A | 0.72% | 7,708 | $2.2M | Reduce -2.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.71% | 16,378 | $2.1M | Add +3.1% |
| IWM iShares Russell 2000 ETF | 0.68% | 9,618 | $2.0M | Reduce -0.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.65% | 14,260 | $1.9M | Add +2.5% |
| SCHZ Schwab US Aggregate Bond ETF | 0.64% | 40,991 | $1.9M | Reduce -3.4% |
| SCHH Schwab US REIT ETF | 0.63% | 92,039 | $1.9M | Add +11.9% |
| META Meta Platforms Inc. Class A | 0.60% | 3,661 | $1.8M | Add +3.2% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.59% | 27,435 | $1.8M | Add +10.6% |
| NXPI NXP Semiconductors NV | 0.56% | 6,723 | $1.7M | Add +4.5% |
| ACN Accenture PLC Class A | 0.55% | 4,691 | $1.6M | Add +1.4% |
| COST Costco Wholesale Corp. | 0.50% | 2,042 | $1.5M | Add +2.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.47% | 39,292 | $1.4M | Reduce -3.5% |
| IVV iShares Core S&P 500 ETF | 0.47% | 2,676 | $1.4M | Reduce -2.5% |
| JNJ Johnson & Johnson | 0.46% | 8,562 | $1.4M | Add +3.1% |
| PEP Pepsico Inc. | 0.44% | 7,463 | $1.3M | Add +11.7% |
| CMG Chipotle Mexican Grill Inc. | 0.43% | 439 | $1.3M | Add +5.3% |
| GOOG Alphabet Inc. Class C | 0.42% | 8,258 | $1.3M | Reduce -3.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.42% | 2,373 | $1.2M | Reduce -0.7% |
| IWF iShares Russell 1000 Growth | 0.42% | 3,672 | $1.2M | Add +14.6% |
| XLRE SS Real Estate Select Sector | 0.40% | 30,206 | $1.2M | Add +10.9% |
| CVX Chevron Corp. | 0.37% | 6,946 | $1.1M | Add +8.8% |
| CAT Caterpillar Inc. | 0.35% | 2,850 | $1.0M | Reduce -6.8% |
| SYK Stryker Corp. | 0.35% | 2,910 | $1.0M | Add +8.9% |
| KO The Coca-Cola Co. | 0.35% | 17,019 | $1.0M | Add +31.7% |
| TMO Thermo Fisher Scientific Inc. | 0.32% | 1,654 | $961K | Add +8.0% |
| ITW Illinois Tool Works | 0.30% | 3,346 | $898K | Add +9.2% |
| MCO Moody's Corp. | 0.30% | 2,238 | $880K | Add +8.3% |
| TSLA Tesla Inc. | 0.30% | 4,982 | $876K | Add +9.8% |
| ROP Roper Technologies Inc. | 0.29% | 1,552 | $870K | Add +9.9% |
| ADP Automatic Data Processing | 0.29% | 3,478 | $869K | Add +9.0% |
| DHR Danaher Corp. | 0.29% | 3,463 | $865K | Add +7.6% |
| CP Canadian Pacific Kansas City | 0.28% | 9,486 | $836K | Reduce -4.7% |
| ADBE Adobe Inc. | 0.28% | 1,655 | $835K | Add +7.5% |
| ECL Ecolab Inc. | 0.27% | 3,505 | $809K | Reduce -6.0% |
| FAST Fastenal Co. | 0.27% | 10,419 | $804K | Reduce -12.1% |
| XOM Exxon Mobil Corp. | 0.25% | 6,414 | $746K | Add +74.6% |
| ORCL Oracle Corp. | 0.24% | 5,779 | $726K | Reduce -0.5% |
| MMM 3M Co. | 0.24% | 6,833 | $725K | Reduce -30.0% |
| HD Home Depot Inc. | 0.24% | 1,867 | $716K | Add +1.0% |
| UNH Unitedhealth Group Inc. | 0.24% | 1,439 | $712K | Reduce -0.7% |
| BNDX Vanguard Total Intl Bond ETF | 0.22% | 13,559 | $667K | Add +18.6% |
| MAR Marriott International Class A | 0.22% | 2,643 | $667K | Reduce -1.7% |
| PG The Procter & Gamble Co. | 0.21% | 3,907 | $634K | Add +5.4% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.21% | 61,790 | $632K | New |
| MUB iShares National Muni Bond E | 0.20% | 5,568 | $599K | Add +39.5% |
| IWY iShares Russell Top 200 Grow | 0.19% | 2,893 | $564K | Add +2.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.18% | 2,863 | $547K | Add +21.6% |
| AXP American Express Co. | 0.18% | 2,380 | $542K | Reduce -5.2% |
| SHY iShares 1-3 Year Treasury Bo | 0.17% | 6,273 | $513K | Reduce -16.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.17% | 1,488 | $512K | Reduce -2.0% |
| HON Honeywell International Inc. | 0.17% | 2,398 | $492K | Reduce -3.1% |
| SBUX Starbucks Corp. | 0.16% | 5,311 | $485K | Reduce -5.5% |
| MDT Medtronic PLC | 0.16% | 5,463 | $476K | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.16% | 2,550 | $464K | Reduce -6.2% |
| CMI Cummins Inc. | 0.15% | 1,557 | $459K | Reduce -19.3% |
| LMT Lockheed Martin Corp. | 0.15% | 998 | $454K | Reduce -1.1% |
| AMGN Amgen Inc. | 0.15% | 1,594 | $453K | Reduce -3.4% |
| IJR iShares Core S&P Small-Cap E | 0.15% | 4,058 | $448K | Reduce -8.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.15% | 5,986 | $438K | Reduce -4.5% |
| TLT iShares 20+ Year Treasury BD | 0.14% | 4,421 | $418K | Reduce -31.7% |
| CTAS Cintas Corp. | 0.14% | 608 | $418K | Reduce -7.6% |
| WMT Walmart Inc. | 0.14% | 6,718 | $404K | Add +2.3% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.13% | 15,585 | $393K | Add +17.2% |
| BABA Alibaba Group Holding-SP ADR | 0.13% | 5,418 | $392K | Reduce -22.6% |
| SUB iShares Short-Term National | 0.13% | 3,680 | $385K | Add +25.4% |
| NFLX Netflix Inc. | 0.12% | 610 | $370K | Add +1.3% |
| WM Waste Management Inc. | 0.12% | 1,685 | $359K | Reduce -5.7% |
| LLY Eli Lilly & Co. | 0.12% | 453 | $352K | Add +0.2% |
| CVS CVS Health Corp. | 0.11% | 4,266 | $340K | Reduce -5.5% |
| GE General Electric | 0.11% | 1,936 | $340K | Reduce -2.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.11% | 4,431 | $329K | Reduce -2.8% |
| HLT Hilton Worldwide Holdings Inc. | 0.11% | 1,530 | $326K | Reduce -13.6% |
| MCD McDonald's Corp. | 0.11% | 1,125 | $317K | Add +0.5% |
| MRK Merck & Co. Inc. | 0.10% | 2,337 | $308K | Reduce -20.9% |
| DCI Donaldson Co. Inc. | 0.10% | 4,116 | $307K | Add +24.6% |
| XEL Xcel Energy Inc. | 0.10% | 5,304 | $285K | Add +28.4% |
| LIN Linde PLC | 0.09% | 600 | $279K | No change |
| APOG Apogee Enterprises Inc. | 0.09% | 4,667 | $276K | Reduce -28.9% |
| IWX iShares Russell Top 200 Valu | 0.09% | 3,606 | $275K | No change |
| OGE Oge Energy Corp. | 0.09% | 7,889 | $271K | New |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -2.5% | 6.58% | −1.82 |
| BX Blackstone Inc. | Reduce -7.4% | 0.93% | −0.18 |
| MMM 3M Co. | Reduce -30.0% | 0.24% | −0.15 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -3.4% | 0.64% | −0.10 |
| TLT iShares 20+ Year Treasury BD | Reduce -31.7% | 0.14% | −0.10 |
| INTC Intel Corp. | Sold out | 0.00% | −0.09 |
| BABA Alibaba Group Holding-SP ADR | Reduce -22.6% | 0.13% | −0.07 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -16.7% | 0.17% | −0.06 |
| F Ford Motor Co. | Sold out | 0.00% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -0.7% | 0.24% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -0.7% | 0.68% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -25.4% | 0.08% | −0.04 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -3.5% | 0.47% | −0.04 |
| V Visa Inc. Class A | Reduce -2.0% | 0.72% | −0.04 |
| SBUX Starbucks Corp. | Reduce -5.5% | 0.16% | −0.04 |
| APOG Apogee Enterprises Inc. | Reduce -28.9% | 0.09% | −0.04 |
| SCHB Schwab US Broad Market ETF | Reduce -0.5% | 1.94% | −0.03 |
| HON Honeywell International Inc. | Reduce -3.1% | 0.17% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -8.3% | 0.15% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -3.2% | 0.42% | −0.03 |
| AMGN Amgen Inc. | Reduce -3.4% | 0.15% | −0.02 |
| TIP iShares Tips Bond ETF | Reduce -24.4% | 0.05% | −0.02 |
| CVS CVS Health Corp. | Reduce -5.5% | 0.11% | −0.02 |
| ABT Abbott Laboratories | Reduce -12.5% | 0.08% | −0.02 |
| CMI Cummins Inc. | Reduce -19.3% | 0.15% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -1.1% | 0.15% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -20.9% | 0.10% | −0.02 |
| FAST Fastenal Co. | Reduce -12.1% | 0.27% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -2.5% | 0.47% | −0.02 |
| IEF iShares 7-10 Year Treasury B | Reduce -11.2% | 0.05% | −0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -25.1% | 0.03% | −0.01 |
| CP Canadian Pacific Kansas City | Reduce -4.7% | 0.28% | −0.01 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -13.6% | 0.11% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -6.5% | 0.06% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.8% | 0.11% | −0.01 |
| GMF State Street SPDR S&P Emergi | Sold out | 0.00% | −0.01 |
| SCHP Schwab U.S. Tips ETF | Reduce -6.8% | 0.04% | −0.01 |
| MDT Medtronic PLC | Reduce -0.3% | 0.16% | −0.01 |
| CTAS Cintas Corp. | Reduce -7.6% | 0.14% | −0.01 |
| SPEM State Street SP PTF Em ETF | Reduce -17.5% | 0.02% | −0.01 |
| IWB iShares Russell 1000 ETF | Sold out | 0.00% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.7% | 0.42% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -5.0% | 0.05% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -35.4% | 0.01% | −0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -4.5% | 0.15% | −0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -8.5% | 0.02% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -23.7% | 0.01% | −0.00 |
| GXC State Street SPDR S&P China | Sold out | 0.00% | −0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.0% | 0.17% | −0.00 |
| ECL Ecolab Inc. | Reduce -6.0% | 0.27% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +2.7% | 1.15% | +0.47 |
| SCHV Schwab US Large-Cap Value | Add +6.4% | 9.71% | +0.38 |
| SCHG Schwab US Large-Cap Growth | Add +2.5% | 7.99% | +0.26 |
| SCHF Schwab Intl Equity ETF | Add +7.6% | 8.64% | +0.21 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | New | 0.21% | +0.21 |
| SCHX Schwab US Large-Cap ETF | Add +2.3% | 9.70% | +0.15 |
| META Meta Platforms Inc. Class A | Add +3.2% | 0.60% | +0.13 |
| XOM Exxon Mobil Corp. | Add +74.6% | 0.25% | +0.11 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.5% | 0.65% | +0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +3.1% | 0.71% | +0.09 |
| AGG iShares Core U.S. Aggregate | Add +14.1% | 5.89% | +0.09 |
| OGE Oge Energy Corp. | New | 0.09% | +0.09 |
| LRCX Lam Research Corp. | New | 0.08% | +0.08 |
| EPD Enterprise Products Partners | Add +2.7% | 3.02% | +0.08 |
| CMG Chipotle Mexican Grill Inc. | Add +5.3% | 0.43% | +0.07 |
| AMAT Applied Materials Inc. | New | 0.07% | +0.07 |
| KO The Coca-Cola Co. | Add +31.7% | 0.35% | +0.07 |
| IBDQ iShares Ibonds Dec 2025 Term | New | 0.07% | +0.07 |
| IWF iShares Russell 1000 Growth | Add +14.6% | 0.42% | +0.05 |
| SYK Stryker Corp. | Add +8.9% | 0.35% | +0.05 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +11.1% | 2.24% | +0.05 |
| IBM Intl Business Machines Corp. | Add +21.6% | 0.18% | +0.04 |
| MUB iShares National Muni Bond E | Add +39.5% | 0.20% | +0.04 |
| IBDP iShares Ibonds Dec 2024 Term | New | 0.03% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +927.6% | 0.03% | +0.02 |
| DCI Donaldson Co. Inc. | Add +24.6% | 0.10% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +8.0% | 0.32% | +0.02 |
| LLY Eli Lilly & Co. | Add +0.2% | 0.12% | +0.02 |
| PEP Pepsico Inc. | Add +11.7% | 0.44% | +0.02 |
| NFLX Netflix Inc. | Add +1.3% | 0.12% | +0.02 |
| ADP Automatic Data Processing | Add +9.0% | 0.29% | +0.02 |
| SUB iShares Short-Term National | Add +25.4% | 0.13% | +0.01 |
| BNDX Vanguard Total Intl Bond ETF | Add +18.6% | 0.22% | +0.01 |
| CVX Chevron Corp. | Add +8.8% | 0.37% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +7.3% | 1.45% | +0.01 |
| DHR Danaher Corp. | Add +7.6% | 0.29% | +0.01 |
| COST Costco Wholesale Corp. | Add +2.2% | 0.50% | +0.01 |
| PG The Procter & Gamble Co. | Add +5.4% | 0.21% | +0.01 |
| NXPI NXP Semiconductors NV | Add +4.5% | 0.56% | +0.01 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +17.2% | 0.13% | +0.01 |
| WMT Walmart Inc. | Add +2.3% | 0.14% | +0.01 |
| ROP Roper Technologies Inc. | Add +9.9% | 0.29% | +0.01 |
| IWY iShares Russell Top 200 Grow | Add +2.5% | 0.19% | +0.01 |
| HYMB SS SPDR N Ice HY Muni ETF | Add +74.5% | 0.01% | +0.00 |
| SPIB SS SPDR P Int C Corp. ETF | Add +170.0% | 0.01% | +0.00 |
| ITW Illinois Tool Works | Add +9.2% | 0.30% | +0.00 |
| IMTM iShares MSCI Intl Momentum F | New | 0.00% | +0.00 |
| HD Home Depot Inc. | Add +1.0% | 0.24% | +0.00 |
| MDYV SS SPDR S&P 400 MC Val ETF | Add +17.7% | 0.02% | +0.00 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 197 | $419.7M | SCHV, SCHX, SCHF, SCHG, AAPL |
| Q1 2026Amended | 395 | $343.6M | SCHV, SCHX, SCHF, SCHG, AGG |
| Q4 2025 | 175 | $362.5M | SCHX, SCHV, SCHF, SCHG, AAPL |
| Q3 2025 | 180 | $363.1M | SCHX, SCHV, SCHG, SCHF, AAPL |
| Q2 2025 | 168 | $339.4M | SCHX, SCHV, SCHF, SCHG, AGG |
| Q1 2025 | 164 | $313.8M | SCHV, SCHX, SCHF, SCHG, AAPL |
| Q4 2024 | 161 | $324.5M | SCHX, SCHV, SCHG, AAPL, SCHF |
| Q3 2024 | 163 | $323.6M | SCHV, SCHX, SCHF, SCHG, AAPL |
| Q2 2024 | 163 | $315.1M | SCHX, SCHV, SCHF, SCHG, AAPL |
| Q1 2024 | 172 | $296.7M | SCHV, SCHX, SCHF, SCHG, AAPL |