Ballast Advisors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Ballast Advisors LLC reported 161 stock positions worth $324.5 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 9.4% of the portfolio, followed by Schwab US Large-Cap Value (SCHV, 9.3%) and Schwab US Large-Cap Growth (SCHG, 8.0%). Compared with Q3 2024, it opened 4 new positions, sold out of 6, added to 61 and reduced 52. The biggest buy was Enterprise Products Partners (EPD, shares +1%) and the biggest sale Uber Technologies (UBER, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- WOODBURY, MN
- CIK
- 0001803415
- Portfolio Value
- $324.5M (Q4 2024)
- SEC Filing
- 0001398344-25-002400 ↗ filed Feb 11, 2025
Holdings Value
Holdings 161 stocks · $324.5M
| SCHX Schwab US Large-Cap ETF | 9.43% | 1,319,498 | $30.6M | Reduce -0.7% |
| SCHV Schwab US Large-Cap Value | 9.35% | 1,163,809 | $30.3M | Add +1.0% |
| SCHG Schwab US Large-Cap Growth | 8.00% | 931,342 | $26.0M | Reduce -5.3% |
| AAPL Apple Inc. | 7.80% | 101,037 | $25.3M | Reduce -2.0% |
| SCHF Schwab Intl Equity ETF | 7.80% | 1,367,393 | $25.3M | Add +3.7% |
| AGG iShares Core U.S. Aggregate | 5.78% | 193,520 | $18.8M | Add +4.3% |
| SCHO Schwab Short-Term US Treas | 3.94% | 531,109 | $12.8M | Add +3.1% |
| JPM JPMorgan Chase & Co. | 3.60% | 48,765 | $11.7M | Reduce -0.8% |
| MSFT Microsoft Corp. | 3.54% | 27,275 | $11.5M | Add +2.2% |
| EPD Enterprise Products Partners | 2.99% | 309,182 | $9.7M | Add +1.3% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 2.29% | 278,751 | $7.4M | Add +5.7% |
| SCHB Schwab US Broad Market ETF | 1.90% | 272,320 | $6.2M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.55% | 11,091 | $5.0M | Add +0.4% |
| NVDA Nvidia Corp. | 1.48% | 35,652 | $4.8M | Add +0.7% |
| SCHA Schwab US Small-Cap ETF | 1.46% | 183,142 | $4.7M | Add +0.1% |
| AMZN Amazon.com Inc. | 1.39% | 20,609 | $4.5M | Add +0.6% |
| UBER Uber Technologies Inc. | 1.31% | 70,605 | $4.3M | Reduce -7.1% |
| BX Blackstone Inc. | 0.99% | 18,580 | $3.2M | Reduce -4.0% |
| GOOGL Alphabet Inc. Class A | 0.96% | 16,502 | $3.1M | Reduce -0.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.92% | 15,176 | $3.0M | Add +4.1% |
| V Visa Inc. Class A | 0.78% | 8,043 | $2.5M | Add +3.8% |
| NTIC Northern Technologies Intl | 0.71% | 171,047 | $2.3M | No change |
| META Meta Platforms Inc. Class A | 0.69% | 3,849 | $2.3M | Add +3.4% |
| TSLA Tesla Inc. | 0.68% | 5,424 | $2.2M | Reduce -6.5% |
| SCHH Schwab US REIT ETF | 0.66% | 101,019 | $2.1M | Add +5.7% |
| COST Costco Wholesale Corp. | 0.63% | 2,218 | $2.0M | Add +5.1% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.61% | 31,221 | $2.0M | Add +6.7% |
| SCHZ Schwab US Aggregate Bond ETF | 0.60% | 86,317 | $2.0M | Add +0.6% |
| IWM iShares Russell 2000 ETF | 0.59% | 8,733 | $1.9M | Reduce -6.3% |
| ACN Accenture PLC Class A | 0.56% | 5,183 | $1.8M | Add +6.0% |
| ECL Ecolab Inc. | 0.51% | 7,015 | $1.6M | No change |
| NXPI NXP Semiconductors NV | 0.49% | 7,719 | $1.6M | Add +9.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.49% | 18,455 | $1.6M | Add +10.6% |
| CMG Chipotle Mexican Grill Inc. | 0.44% | 23,425 | $1.4M | Add +8.8% |
| XLRE SS Real Estate Select Sector | 0.43% | 34,472 | $1.4M | Add +4.6% |
| GOOG Alphabet Inc. Class C | 0.43% | 7,277 | $1.4M | Reduce -2.0% |
| IWF iShares Russell 1000 Growth | 0.42% | 3,386 | $1.4M | Reduce -2.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.39% | 37,135 | $1.3M | Add +0.8% |
| IVV iShares Core S&P 500 ETF | 0.39% | 2,149 | $1.3M | Reduce -8.1% |
| MCO Moody's Corp. | 0.39% | 2,651 | $1.3M | Add +10.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.37% | 2,060 | $1.2M | Reduce -4.7% |
| SYK Stryker Corp. | 0.37% | 3,343 | $1.2M | Add +8.7% |
| ADP Automatic Data Processing | 0.34% | 3,789 | $1.1M | Add +0.4% |
| JNJ Johnson & Johnson | 0.33% | 7,385 | $1.1M | Reduce -2.7% |
| KO The Coca-Cola Co. | 0.33% | 17,088 | $1.1M | Add +0.3% |
| ITW Illinois Tool Works | 0.32% | 4,076 | $1.0M | Add +9.8% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 1,923 | $1.0M | Add +10.4% |
| CAT Caterpillar Inc. | 0.30% | 2,701 | $980K | No change |
| CVX Chevron Corp. | 0.30% | 6,730 | $975K | Add +2.8% |
| DHR Danaher Corp. | 0.29% | 4,127 | $947K | Add +10.0% |
| ORCL Oracle Corp. | 0.29% | 5,615 | $936K | Reduce -1.1% |
| ROP Roper Technologies Inc. | 0.28% | 1,765 | $918K | Add +6.6% |
| PEP Pepsico Inc. | 0.28% | 5,907 | $898K | Reduce -20.3% |
| MMM 3M Co. | 0.26% | 6,459 | $834K | Reduce -7.2% |
| HD Home Depot Inc. | 0.25% | 2,065 | $803K | Add +8.8% |
| BNDX Vanguard Total Intl Bond ETF | 0.24% | 15,642 | $767K | Add +3.0% |
| FAST Fastenal Co. | 0.23% | 10,447 | $751K | Add +0.3% |
| ADBE Adobe Inc. | 0.23% | 1,680 | $747K | Reduce -5.8% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.23% | 63,069 | $739K | Add +2.1% |
| AXP American Express Co. | 0.22% | 2,417 | $717K | Add +2.2% |
| IWY iShares Russell Top 200 Grow | 0.22% | 2,969 | $699K | No change |
| XOM Exxon Mobil Corp. | 0.21% | 6,416 | $690K | Reduce -0.8% |
| CP Canadian Pacific Kansas City | 0.21% | 9,494 | $687K | Add +3.3% |
| MUB iShares National Muni Bond E | 0.20% | 6,199 | $661K | Add +5.9% |
| MAR Marriott International Class A | 0.19% | 2,206 | $615K | Add +16.5% |
| WMT Walmart Inc. | 0.19% | 6,746 | $610K | Add +3.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.18% | 1,431 | $587K | No change |
| UNH Unitedhealth Group Inc. | 0.17% | 1,104 | $558K | Reduce -11.8% |
| PG The Procter & Gamble Co. | 0.17% | 3,315 | $556K | Reduce -12.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 2,500 | $550K | Reduce -0.6% |
| NFLX Netflix Inc. | 0.16% | 600 | $535K | Add +0.8% |
| HON Honeywell International Inc. | 0.15% | 2,198 | $497K | No change |
| ABBV Abbvie Inc. | 0.15% | 2,674 | $475K | Add +5.4% |
| LMT Lockheed Martin Corp. | 0.14% | 918 | $446K | Add +0.4% |
| CTAS Cintas Corp. | 0.14% | 2,437 | $445K | Add +0.2% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.13% | 17,046 | $430K | Add +2.0% |
| MDT Medtronic PLC | 0.13% | 5,203 | $416K | Reduce -4.7% |
| HLT Hilton Worldwide Holdings Inc. | 0.12% | 1,621 | $401K | Add +10.6% |
| SUB iShares Short-Term National | 0.12% | 3,688 | $389K | Add +4.0% |
| CMI Cummins Inc. | 0.11% | 1,069 | $373K | Reduce -18.9% |
| SBUX Starbucks Corp. | 0.11% | 4,021 | $367K | Reduce -4.2% |
| LLY Eli Lilly & Co. | 0.11% | 454 | $350K | Add +0.4% |
| GE General Electric filed as GE AEROSPACE | 0.11% | 2,093 | $349K | Add +2.5% |
| AMGN Amgen Inc. | 0.11% | 1,331 | $347K | Reduce -8.5% |
| APOG Apogee Enterprises Inc. | 0.10% | 4,667 | $333K | No change |
| OGE Oge Energy Corp. | 0.10% | 7,889 | $325K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.10% | 4,594 | $323K | Reduce -1.6% |
| MCD McDonald's Corp. | 0.10% | 1,112 | $322K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.09% | 3,686 | $302K | Reduce -18.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.09% | 3,390 | $298K | Reduce -43.0% |
| WM Waste Management Inc. | 0.09% | 1,462 | $295K | Reduce -6.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.09% | 2,404 | $290K | Reduce -0.5% |
| IWX iShares Russell Top 200 Valu | 0.09% | 3,606 | $285K | No change |
| CSCO Cisco Systems Inc. | 0.09% | 4,802 | $284K | Add +1.7% |
| XEL Xcel Energy Inc. | 0.08% | 3,832 | $259K | Reduce -0.8% |
| DCI Donaldson Co. Inc. | 0.08% | 3,736 | $252K | No change |
| LIN Linde PLC | 0.08% | 600 | $251K | No change |
| TLT iShares 20+ Year Treasury BD | 0.08% | 2,809 | $245K | Reduce -21.7% |
| IJR iShares Core S&P Small-Cap E | 0.07% | 2,090 | $241K | Reduce -26.4% |
| MRK Merck & Co. Inc. | 0.07% | 2,402 | $239K | Add +2.2% |
Portfolio Sells Q3 2024 → Q4 2024
| UBER Uber Technologies Inc. | Reduce -7.1% | 1.31% | −0.45 |
| PEP Pepsico Inc. | Reduce -20.3% | 0.28% | −0.11 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.08 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.07 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.07 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -43.0% | 0.09% | −0.06 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.06 |
| ADBE Adobe Inc. | Reduce -5.8% | 0.23% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -11.8% | 0.17% | −0.05 |
| JNJ Johnson & Johnson | Reduce -2.7% | 0.33% | −0.05 |
| IBDP iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -6.3% | 0.59% | −0.04 |
| AMGN Amgen Inc. | Reduce -8.5% | 0.11% | −0.04 |
| MMM 3M Co. | Reduce -7.2% | 0.26% | −0.04 |
| TLT iShares 20+ Year Treasury BD | Reduce -21.7% | 0.08% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -12.3% | 0.17% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -26.4% | 0.07% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -8.1% | 0.39% | −0.03 |
| MDT Medtronic PLC | Reduce -4.7% | 0.13% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -18.8% | 0.09% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -0.8% | 0.21% | −0.02 |
| CMI Cummins Inc. | Reduce -18.9% | 0.11% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -44.4% | 0.02% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -21.7% | 0.03% | −0.01 |
| SBUX Starbucks Corp. | Reduce -4.2% | 0.11% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -1.6% | 0.10% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -21.1% | 0.04% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.7% | 0.37% | −0.01 |
| TIP iShares Tips Bond ETF | Reduce -27.9% | 0.03% | −0.01 |
| ORCL Oracle Corp. | Reduce -1.1% | 0.29% | −0.01 |
| WM Waste Management Inc. | Reduce -6.3% | 0.09% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -15.5% | 0.05% | −0.01 |
| SCHM Schwab US Mid Cap ETF | Reduce -10.0% | 0.06% | −0.01 |
| UNP Union Pacific Corp. | Reduce -0.8% | 0.06% | −0.01 |
| SPEM State Street SP PTF Em ETF | Reduce -20.8% | 0.02% | −0.01 |
| IEF iShares 7-10 Year Treasury B | Reduce -8.0% | 0.03% | −0.01 |
| IWV iShares Russell 3000 ETF | Reduce -26.2% | 0.01% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -0.6% | 0.17% | −0.00 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -3.4% | 0.01% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −0.00 |
| CMF iShares California Muni Bond | Reduce -18.2% | 0.01% | −0.00 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -1.3% | 0.03% | −0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -0.2% | 0.03% | −0.00 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -0.3% | 0.07% | −0.00 |
| TJX TJX Companies Inc. | Reduce -0.5% | 0.09% | +0.00 |
| XEL Xcel Energy Inc. | Reduce -0.8% | 0.08% | +0.00 |
| AIZ Assurant Inc. | Reduce -3.0% | 0.07% | +0.00 |
| BAC Bank of America Corp. | Reduce -5.4% | 0.07% | +0.00 |
| IWP iShares Russell Mid-Cap Grow | Reduce -0.3% | 0.05% | +0.00 |
| IWF iShares Russell 1000 Growth | Reduce -2.1% | 0.42% | +0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| EPD Enterprise Products Partners | Add +1.3% | 2.99% | +0.24 |
| AMZN Amazon.com Inc. | Add +0.6% | 1.39% | +0.21 |
| NVDA Nvidia Corp. | Add +0.7% | 1.48% | +0.15 |
| TSM Taiwan Semiconductor-SP ADR | Add +4.1% | 0.92% | +0.14 |
| V Visa Inc. Class A | Add +3.8% | 0.78% | +0.12 |
| SHOP Shopify Inc. Class A | New | 0.07% | +0.07 |
| EAGG iShares ESG Aware US Aggrega | New | 0.06% | +0.06 |
| CMG Chipotle Mexican Grill Inc. | Add +8.8% | 0.44% | +0.05 |
| COST Costco Wholesale Corp. | Add +5.1% | 0.63% | +0.05 |
| MAR Marriott International Class A | Add +16.5% | 0.19% | +0.04 |
| SCHO Schwab Short-Term US Treas | Add +3.1% | 3.94% | +0.04 |
| META Meta Platforms Inc. Class A | Add +3.4% | 0.69% | +0.04 |
| NFLX Netflix Inc. | Add +0.8% | 0.16% | +0.03 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Add +2.1% | 0.23% | +0.03 |
| MCO Moody's Corp. | Add +10.1% | 0.39% | +0.03 |
| ACN Accenture PLC Class A | Add +6.0% | 0.56% | +0.03 |
| SYK Stryker Corp. | Add +8.7% | 0.37% | +0.03 |
| WMT Walmart Inc. | Add +3.9% | 0.19% | +0.03 |
| AXP American Express Co. | Add +2.2% | 0.22% | +0.02 |
| ADP Automatic Data Processing | Add +0.4% | 0.34% | +0.02 |
| HLT Hilton Worldwide Holdings Inc. | Add +10.6% | 0.12% | +0.02 |
| ITW Illinois Tool Works | Add +9.8% | 0.32% | +0.02 |
| CSCO Cisco Systems Inc. | Add +1.7% | 0.09% | +0.01 |
| HD Home Depot Inc. | Add +8.8% | 0.25% | +0.01 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | New | 0.01% | +0.01 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +6.7% | 0.61% | +0.01 |
| MUB iShares National Muni Bond E | Add +5.9% | 0.20% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +0.1% | 1.46% | +0.00 |
| SUB iShares Short-Term National | Add +4.0% | 0.12% | +0.00 |
| CVX Chevron Corp. | Add +2.8% | 0.30% | +0.00 |
| SCHP Schwab U.S. Tips ETF | Add +8.1% | 0.04% | +0.00 |
| FAST Fastenal Co. | Add +0.3% | 0.23% | +0.00 |
| JNK SS SPDR BB High Yield Bond | Add +18.4% | 0.01% | +0.00 |
| BNDX Vanguard Total Intl Bond ETF | Add +3.0% | 0.24% | +0.00 |
| SCHR Schwab Intermediate-Term US | New | 0.00% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +0.2% | 0.06% | +0.00 |
| AOA iShares Core 80/20 Aggressiv | Add +3.1% | 0.00% | 0.00 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Add +9.1% | 0.00% | 0.00 |
| ABT Abbott Laboratories | Add +0.8% | 0.07% | −0.00 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +2.0% | 0.13% | −0.00 |
| ROP Roper Technologies Inc. | Add +6.6% | 0.28% | −0.00 |
| SDY SS SPDR S&P Dividend ETF | Add +3.7% | 0.07% | −0.00 |
| VNQ Vanguard Real Estate ETF | Add +0.8% | 0.05% | −0.00 |
| MSFT Microsoft Corp. | Add +2.2% | 3.54% | −0.01 |
| ABBV Abbvie Inc. | Add +5.4% | 0.15% | −0.01 |
| MRK Merck & Co. Inc. | Add +2.2% | 0.07% | −0.01 |
| GE General Electric | Add +2.5% | 0.11% | −0.01 |
| LLY Eli Lilly & Co. | Add +0.4% | 0.11% | −0.02 |
| CTAS Cintas Corp. | Add +0.2% | 0.14% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.4% | 1.55% | −0.02 |
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 |