Ballast Advisors LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 30, 2024), Ballast Advisors LLC reported 163 stock positions worth $323.6 million. Its top holding was Schwab US Large-Cap Value (SCHV) at 9.5% of the portfolio, followed by Schwab US Large-Cap ETF (SCHX, 9.3%) and Schwab Intl Equity ETF (SCHF, 8.4%). Compared with Q2 2024, it opened 4 new positions, sold out of 4, added to 28 and reduced 82. The biggest buy was Schwab US Large-Cap Value (SCHV, shares +1%) and the biggest sale Microsoft (MSFT, shares −4%).

Most Recent 13F
Q2 2026
Location
WOODBURY, MN
CIK
0001803415
Portfolio Value
$323.6M (Q3 2024)
SEC Filing
0001398344-24-019649 ↗ filed Oct 30, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $296.7M Q1 2024 Q2 2024: $315.1M Q2 2024 Q3 2024: $323.6M $323.6M Q3 2024 Q4 2024: $324.5M Q4 2024 Q1 2025: $313.8M Q1 2025 Q2 2025: $339.4M Q2 2025 Q3 2025: $363.1M Q3 2025 Q4 2025: $362.5M Q4 2025 Q1 2026: $343.6M Q1 2026 Q2 2026: $419.7M Q2 2026

Holdings 163 stocks · $323.6M
SCHV Schwab US Large-Cap Value 9.54% 384,212 $30.9M Add +0.7%
SCHX Schwab US Large-Cap ETF 9.29% 442,802 $30.0M Reduce -3.1%
SCHF Schwab Intl Equity ETF 8.38% 659,324 $27.1M Reduce -1.9%
SCHG Schwab US Large-Cap Growth 7.91% 245,759 $25.6M Reduce -1.8%
AAPL Apple Inc. 7.43% 103,154 $24.0M Reduce -10.3%
AGG iShares Core U.S. Aggregate 5.81% 185,572 $18.8M Add +1.5%
SCHO Schwab Short-Term US Treas 3.90% 257,522 $12.6M Add +2.4%
MSFT Microsoft Corp. 3.55% 26,693 $11.5M Reduce -4.2%
JPM JPMorgan Chase & Co. 3.20% 49,162 $10.4M Reduce -1.6%
EPD Enterprise Products Partners 2.75% 305,122 $8.9M Reduce -0.6%
SCHE Schwab Emrg Mrkts Eqty ETF 2.38% 263,619 $7.7M Reduce -2.5%
SCHB Schwab US Broad Market ETF 1.87% 90,864 $6.0M Reduce -3.6%
UBER Uber Technologies Inc. 1.76% 75,978 $5.7M Reduce -7.2%
BRK.B Berkshire Hathaway Inc. Class B 1.57% 11,044 $5.1M Reduce -1.1%
SCHA Schwab US Small-Cap ETF 1.46% 91,468 $4.7M Add +0.1%
NVDA Nvidia Corp. 1.33% 35,423 $4.3M Reduce -6.1%
AMZN Amazon.com Inc. 1.18% 20,479 $3.8M Reduce -1.0%
BX Blackstone Inc. 0.92% 19,346 $3.0M Reduce -4.1%
GOOGL Alphabet Inc. Class A 0.85% 16,548 $2.7M Reduce -4.4%
TSM Taiwan Semiconductor-SP ADR 0.78% 14,580 $2.5M Reduce -3.7%
SCHH Schwab US REIT ETF 0.68% 95,540 $2.2M Reduce -0.8%
META Meta Platforms Inc. Class A 0.66% 3,723 $2.1M Reduce -1.5%
V Visa Inc. Class A 0.66% 7,748 $2.1M Reduce -0.5%
NTIC Northern Technologies Intl 0.65% 171,047 $2.1M No change
IWM iShares Russell 2000 ETF 0.64% 9,317 $2.1M Add +0.1%
SCHZ Schwab US Aggregate Bond ETF 0.63% 42,914 $2.0M Add +0.3%
NVO Novo-Nordisk A/S-Spons ADR 0.61% 16,684 $2.0M Reduce -3.3%
VWOB Vanguard Emerg MKTS Gov BND 0.60% 29,268 $1.9M Add +1.6%
COST Costco Wholesale Corp. 0.58% 2,110 $1.9M Reduce -0.9%
ECL Ecolab Inc. 0.55% 7,015 $1.8M Reduce -6.6%
ACN Accenture PLC Class A 0.53% 4,890 $1.7M Reduce -2.0%
NXPI NXP Semiconductors NV 0.52% 7,070 $1.7M Reduce -2.3%
TSLA Tesla Inc. 0.47% 5,798 $1.5M Reduce -1.5%
XLRE SS Real Estate Select Sector 0.46% 32,961 $1.5M Add +2.3%
SPDW Ste STR SPDR PT DW Eu ETF 0.43% 36,858 $1.4M Reduce -4.7%
IVV iShares Core S&P 500 ETF 0.42% 2,338 $1.3M Reduce -8.7%
IWF iShares Russell 1000 Growth 0.40% 3,460 $1.3M Reduce -5.8%
PEP Pepsico Inc. 0.39% 7,408 $1.3M Reduce -2.7%
GOOG Alphabet Inc. Class C 0.38% 7,429 $1.2M Reduce -6.3%
CMG Chipotle Mexican Grill Inc. 0.38% 21,535 $1.2M Reduce -3.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.38% 2,162 $1.2M Reduce -4.3%
JNJ Johnson & Johnson 0.38% 7,588 $1.2M Reduce -12.1%
KO The Coca-Cola Co. 0.38% 17,037 $1.2M No change
MCO Moody's Corp. 0.35% 2,409 $1.1M Add +0.4%
SYK Stryker Corp. 0.34% 3,075 $1.1M Add +2.1%
TMO Thermo Fisher Scientific Inc. 0.33% 1,741 $1.1M Add +1.5%
CAT Caterpillar Inc. 0.33% 2,701 $1.1M Reduce -3.9%
ADP Automatic Data Processing 0.32% 3,773 $1.0M Reduce -0.5%
DHR Danaher Corp. 0.32% 3,751 $1.0M Add +1.4%
ITW Illinois Tool Works 0.30% 3,712 $973K Add +1.9%
ORCL Oracle Corp. 0.30% 5,675 $967K Reduce -1.6%
CVX Chevron Corp. 0.30% 6,548 $964K Reduce -4.9%
MMM 3M Co. 0.29% 6,960 $951K Add +6.1%
ADBE Adobe Inc. 0.29% 1,784 $924K Reduce -2.8%
ROP Roper Technologies Inc. 0.28% 1,656 $921K Add +1.3%
CP Canadian Pacific Kansas City 0.24% 9,189 $786K Reduce -8.4%
HD Home Depot Inc. 0.24% 1,898 $769K Add +1.8%
BNDX Vanguard Total Intl Bond ETF 0.24% 15,181 $763K Add +6.4%
XOM Exxon Mobil Corp. 0.23% 6,469 $758K Add +0.8%
FAST Fastenal Co. 0.23% 10,419 $744K No change
UNH Unitedhealth Group Inc. 0.23% 1,251 $731K Reduce -2.9%
PG The Procter & Gamble Co. 0.20% 3,778 $654K Reduce -3.2%
IWY iShares Russell Top 200 Grow 0.20% 2,969 $653K No change
AXP American Express Co. 0.20% 2,365 $641K Reduce -5.2%
MUB iShares National Muni Bond E 0.20% 5,855 $636K Reduce -0.9%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.19% 61,790 $629K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 2,516 $556K Reduce -9.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.17% 1,431 $549K Reduce -1.9%
LMT Lockheed Martin Corp. 0.17% 914 $534K Reduce -9.9%
WMT Walmart Inc. 0.16% 6,496 $525K No change
ABBV Abbvie Inc. 0.15% 2,537 $501K Reduce -6.8%
CTAS Cintas Corp. 0.15% 2,432 $501K Reduce -7.6%
SPYG SS SPDR P S&P 500 Growth ETF 0.15% 5,948 $493K Reduce -0.6%
MDT Medtronic PLC 0.15% 5,461 $492K No change
MAR Marriott International Class A 0.15% 1,893 $471K Reduce -5.7%
AMGN Amgen Inc. 0.14% 1,455 $469K Reduce -0.3%
HON Honeywell International Inc. 0.14% 2,198 $454K Reduce -6.4%
SJNK SS SPDR BB St Hi Yield ETF 0.13% 16,706 $430K Add +3.3%
CMI Cummins Inc. 0.13% 1,319 $427K Reduce -15.3%
NFLX Netflix Inc. 0.13% 595 $422K Reduce -2.5%
SBUX Starbucks Corp. 0.13% 4,198 $409K Reduce -2.9%
LLY Eli Lilly & Co. 0.12% 452 $400K No change
GE General Electric filed as GE AEROSPACE 0.12% 2,042 $385K Reduce -2.0%
SHY iShares 1-3 Year Treasury Bo 0.12% 4,537 $377K Reduce -18.1%
SUB iShares Short-Term National 0.12% 3,548 $377K Add +2.4%
IEFA iShares Core MSCI Eafe ETF 0.11% 4,669 $364K No change
TLT iShares 20+ Year Treasury BD 0.11% 3,588 $352K Reduce -23.8%
MCD McDonald's Corp. 0.10% 1,112 $339K Reduce -1.2%
HLT Hilton Worldwide Holdings Inc. 0.10% 1,466 $338K Reduce -16.5%
IJR iShares Core S&P Small-Cap E 0.10% 2,839 $332K Reduce -5.9%
APOG Apogee Enterprises Inc. 0.10% 4,667 $327K No change
WM Waste Management Inc. 0.10% 1,560 $324K Add +6.3%
OGE Oge Energy Corp. 0.10% 7,889 $324K No change
IWX iShares Russell Top 200 Valu 0.09% 3,606 $293K No change
LIN Linde PLC 0.09% 600 $286K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.09% 2,415 $284K No change
DCI Donaldson Co. Inc. 0.09% 3,736 $275K No change
MRK Merck & Co. Inc. 0.08% 2,351 $267K Reduce -14.1%
CVS CVS Health Corp. 0.08% 4,092 $257K Reduce -4.1%
XEL Xcel Energy Inc. 0.08% 3,862 $252K Reduce -17.8%
CSCO Cisco Systems Inc. 0.08% 4,722 $251K Reduce -6.6%
SLYV SS SPDR S&P 600 SC Val ETF 0.07% 2,719 $236K Add +0.2%
SDY SS SPDR S&P Dividend ETF 0.07% 1,641 $233K Add +0.9%
ABT Abbott Laboratories 0.07% 2,007 $229K Reduce -7.8%
AMT American Tower Corp. 0.07% 983 $229K New
UNP Union Pacific Corp. 0.07% 920 $227K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 5,499 $218K Reduce -1.8%
SCHM Schwab US Mid Cap ETF 0.07% 2,588 $215K Reduce -6.1%
AMAT Applied Materials Inc. 0.07% 1,057 $214K No change
AIZ Assurant Inc. 0.06% 1,042 $207K New
BWB Bridgewater Bancshares Inc. 0.06% 14,600 $207K No change
IBDQ iShares Ibonds Dec 2025 Term 0.06% 7,776 $195K No change
XLK SS Technology Select Sector 0.06% 863 $195K No change
IWR iShares Russell Mid-Cap ETF 0.06% 2,160 $190K Add +2.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.06% 722 $190K Reduce -0.6%
VNQ Vanguard Real Estate ETF 0.06% 1,916 $187K Reduce -7.6%
IUSG iShares Core S&P U.S. Growth 0.06% 1,394 $184K No change
SPSM SS SPDR P S&P 600 Small Cap 0.05% 3,866 $176K Reduce -4.0%
VTV Vanguard Mrngstr Val ETF-Aui 0.05% 991 $173K Add +1.1%
IDV iShares International Select 0.05% 5,703 $172K No change
EFA iShares MSCI Eafe ETF 0.05% 1,805 $151K Reduce -0.7%
IWP iShares Russell Mid-Cap Grow 0.04% 1,236 $145K Add +2.3%
SCHP Schwab U.S. Tips ETF 0.04% 2,577 $138K Reduce -0.3%
IBDP iShares Ibonds Dec 2024 Term 0.04% 5,441 $137K No change
IEF iShares 7-10 Year Treasury B 0.04% 1,270 $125K Reduce -3.1%
TIP iShares Tips Bond ETF 0.04% 1,063 $117K Reduce -22.0%
IJH iShares Core S&P Midcap ETF 0.03% 1,690 $105K No change
SLYG SS SPDR S&P 600 SC GR ETF 0.03% 1,130 $105K Add +0.1%
SCHD Schwab US DVD Equity ETF 0.03% 1,187 $100K No change
IVE iShares S&P 500 Value ETF 0.03% 497 $98K No change
MDYG SS SPDR S&P 400 MC GR ETF 0.03% 1,059 $93K No change
SPYV SS SPDR P S&P 500 Value ETF 0.03% 1,718 $91K Reduce -1.4%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.03% 1,100 $89K Reduce -1.4%
VYM Vanguard High DVD Yield ETF 0.03% 677 $87K No change
VTI VG Morningstar TS MKT ETF-US 0.03% 298 $84K No change
IVW iShares S&P 500 Growth ETF 0.03% 864 $83K No change
EFG iShares MSCI Eafe Growth ETF 0.02% 713 $77K Reduce -8.7%
SPEM State Street SP PTF Em ETF 0.02% 1,657 $68K Reduce -3.2%
DVY iShares Select Dividend ETF 0.02% 482 $65K No change
IWV iShares Russell 3000 ETF 0.02% 191 $63K Reduce -7.7%
SPYM Ste STR SPDR PT S&P 500 ETF 0.02% 884 $60K No change
IWN iShares Russell 2000 Value E 0.02% 338 $56K No change
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.02% 1,752 $51K No change
EFV iShares MSCI Eafe Value ETF 0.01% 838 $48K No change
MDYV SS SPDR S&P 400 MC Val ETF 0.01% 531 $42K No change
IHI iShares U.S. Medical Devices 0.01% 630 $37K No change
NZAC State Street SPDR MSCI Acwi 0.01% 948 $35K Add +8.7%
TFI SS SPDR N Ice Muni Bond ETF 0.01% 745 $35K No change
CMF iShares California Muni Bond 0.01% 495 $29K New
JNK SS SPDR BB High Yield Bond 0.01% 245 $24K No change
VB Vanguard Most SM-Cap ETF-Usd 0.01% 72 $17K Reduce -25.0%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.00% 134 $15K No change
DSI iShares ESG MSCI KLD 400 ETF 0.00% 137 $15K No change
XLV SS Health Care Select Sector 0.00% 95 $15K No change
XLE SS Energy Select Sector 0.00% 150 $13K No change
XLF SS Financial Select Sector 0.00% 244 $11K New
IJK iShares S&P Mid-Cap 400 Grow 0.00% 100 $9K No change
IJS iShares S&P Small-Cap 600 Va 0.00% 60 $6K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.00% 23 $6K No change
EEM iShares MSCI Emerging Market 0.00% 119 $5K No change
PFF iShares Preferred & Income S 0.00% 100 $3K Reduce -50.0%
AOA iShares Core 80/20 Aggressiv 0.00% 32 $3K No change
SPYD SS SPDR P S&P 500 Hi Div ETF 0.00% 11 $519 No change

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -4.2% 3.55% −0.40
AAPL Apple Inc. Reduce -10.3% 7.43% −0.25
NVO Novo-Nordisk A/S-Spons ADR Reduce -3.3% 0.61% −0.17
GOOGL Alphabet Inc. Class A Reduce -4.4% 0.85% −0.15
NVDA Nvidia Corp. Reduce -6.1% 1.33% −0.15
UBER Uber Technologies Inc. Reduce -7.2% 1.76% −0.12
SCHG Schwab US Large-Cap Growth Reduce -1.8% 7.91% −0.10
NXPI NXP Semiconductors NV Reduce -2.3% 0.52% −0.09
AMZN Amazon.com Inc. Reduce -1.0% 1.18% −0.09
LRCX Lam Research Corp. Sold out 0.00% −0.08
GOOG Alphabet Inc. Class C Reduce -6.3% 0.38% −0.08
EPD Enterprise Products Partners Reduce -0.6% 2.75% −0.08
INTC Intel Corp. Sold out 0.00% −0.07
PM Philip Morris International Sold out 0.00% −0.07
CMG Chipotle Mexican Grill Inc. Reduce -3.1% 0.38% −0.06
TSM Taiwan Semiconductor-SP ADR Reduce -3.7% 0.78% −0.05
CVX Chevron Corp. Reduce -4.9% 0.30% −0.04
ADBE Adobe Inc. Reduce -2.8% 0.29% −0.04
SCHX Schwab US Large-Cap ETF Reduce -3.1% 9.29% −0.03
TLT iShares 20+ Year Treasury BD Reduce -23.8% 0.11% −0.03
IVV iShares Core S&P 500 ETF Reduce -8.7% 0.42% −0.03
SHY iShares 1-3 Year Treasury Bo Reduce -18.1% 0.12% −0.03
MRK Merck & Co. Inc. Reduce -14.1% 0.08% −0.03
IWF iShares Russell 1000 Growth Reduce -5.8% 0.40% −0.02
JNJ Johnson & Johnson Reduce -12.1% 0.38% −0.02
HON Honeywell International Inc. Reduce -6.4% 0.14% −0.02
HLT Hilton Worldwide Holdings Inc. Reduce -16.5% 0.10% −0.02
ECL Ecolab Inc. Reduce -6.6% 0.55% −0.01
SCHB Schwab US Broad Market ETF Reduce -3.6% 1.87% −0.01
TIP iShares Tips Bond ETF Reduce -22.0% 0.04% −0.01
PEP Pepsico Inc. Reduce -2.7% 0.39% −0.01
MAR Marriott International Class A Reduce -5.7% 0.15% −0.01
CP Canadian Pacific Kansas City Reduce -8.4% 0.24% −0.01
HYMB SS SPDR N Ice HY Muni ETF Sold out 0.00% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.3% 0.38% −0.01
CMI Cummins Inc. Reduce -15.3% 0.13% −0.00
JPM JPMorgan Chase & Co. Reduce -1.6% 3.20% −0.00
BAC Bank of America Corp. Reduce -1.8% 0.07% −0.00
MUB iShares National Muni Bond E Reduce -0.9% 0.20% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.9% 0.17% −0.00
SPDW Ste STR SPDR PT DW Eu ETF Reduce -4.7% 0.43% −0.00
PG The Procter & Gamble Co. Reduce -3.2% 0.20% −0.00
XEL Xcel Energy Inc. Reduce -17.8% 0.08% −0.00
EFG iShares MSCI Eafe Growth ETF Reduce -8.7% 0.02% −0.00
SCHM Schwab US Mid Cap ETF Reduce -6.1% 0.07% −0.00
VB Vanguard Most SM-Cap ETF-Usd Reduce -25.0% 0.01% −0.00
ABT Abbott Laboratories Reduce -7.8% 0.07% −0.00
IWV iShares Russell 3000 ETF Reduce -7.7% 0.02% −0.00
PFF iShares Preferred & Income S Reduce -50.0% 0.00% −0.00
CVS CVS Health Corp. Reduce -4.1% 0.08% −0.00

Portfolio Buys Q2 2024 → Q3 2024
SCHV Schwab US Large-Cap Value Add +0.7% 9.54% +0.57
AGG iShares Core U.S. Aggregate Add +1.5% 5.81% +0.18
MMM 3M Co. Add +6.1% 0.29% +0.08
SCHA Schwab US Small-Cap ETF Add +0.1% 1.46% +0.08
AMT American Tower Corp. New 0.07% +0.07
AIZ Assurant Inc. New 0.06% +0.06
XLRE SS Real Estate Select Sector Add +2.3% 0.46% +0.06
SCHO Schwab Short-Term US Treas Add +2.4% 3.90% +0.06
IWM iShares Russell 2000 ETF Add +0.1% 0.64% +0.04
HD Home Depot Inc. Add +1.8% 0.24% +0.03
MCO Moody's Corp. Add +0.4% 0.35% +0.03
TMO Thermo Fisher Scientific Inc. Add +1.5% 0.33% +0.03
DHR Danaher Corp. Add +1.4% 0.32% +0.03
ITW Illinois Tool Works Add +1.9% 0.30% +0.03
VWOB Vanguard Emerg MKTS Gov BND Add +1.6% 0.60% +0.03
SYK Stryker Corp. Add +2.1% 0.34% +0.02
BNDX Vanguard Total Intl Bond ETF Add +6.4% 0.24% +0.02
SCHZ Schwab US Aggregate Bond ETF Add +0.3% 0.63% +0.01
CMF iShares California Muni Bond New 0.01% +0.01
SDY SS SPDR S&P Dividend ETF Add +0.9% 0.07% +0.01
SLYV SS SPDR S&P 600 SC Val ETF Add +0.2% 0.07% +0.01
SJNK SS SPDR BB St Hi Yield ETF Add +3.3% 0.13% +0.00
IWR iShares Russell Mid-Cap ETF Add +2.0% 0.06% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +1.1% 0.05% +0.00
XLF SS Financial Select Sector New 0.00% +0.00
IWP iShares Russell Mid-Cap Grow Add +2.3% 0.04% +0.00
SLYG SS SPDR S&P 600 SC GR ETF Add +0.1% 0.03% +0.00
SUB iShares Short-Term National Add +2.4% 0.12% +0.00
NZAC State Street SPDR MSCI Acwi Add +8.7% 0.01% +0.00
WM Waste Management Inc. Add +6.3% 0.10% +0.00
XOM Exxon Mobil Corp. Add +0.8% 0.23% −0.00
ROP Roper Technologies Inc. Add +1.3% 0.28% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 197$419.7MSCHV, SCHX, SCHF, SCHG, AAPL
Q1 2026Amended 395$343.6MSCHV, SCHX, SCHF, SCHG, AGG
Q4 2025 175$362.5MSCHX, SCHV, SCHF, SCHG, AAPL
Q3 2025 180$363.1MSCHX, SCHV, SCHG, SCHF, AAPL
Q2 2025 168$339.4MSCHX, SCHV, SCHF, SCHG, AGG
Q1 2025 164$313.8MSCHV, SCHX, SCHF, SCHG, AAPL
Q4 2024 161$324.5MSCHX, SCHV, SCHG, AAPL, SCHF
Q3 2024 163$323.6MSCHV, SCHX, SCHF, SCHG, AAPL
Q2 2024 163$315.1MSCHX, SCHV, SCHF, SCHG, AAPL
Q1 2024 172$296.7MSCHV, SCHX, SCHF, SCHG, AAPL