Ballast Advisors LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Ballast Advisors LLC reported 164 stock positions worth $313.8 million. Its top holding was Schwab US Large-Cap Value (SCHV) at 9.6% of the portfolio, followed by Schwab US Large-Cap ETF (SCHX, 9.3%) and Schwab Intl Equity ETF (SCHF, 8.0%). Compared with Q4 2024, it opened 4 new positions, sold out of 1, added to 45 and reduced 65. The biggest buy was a new position in SLB (SLB) and the biggest sale Apple (AAPL, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- WOODBURY, MN
- CIK
- 0001803415
- Portfolio Value
- $313.8M (Q1 2025)
- SEC Filing
- 0001398344-25-008869 ↗ filed May 7, 2025
Holdings Value
Holdings 164 stocks · $313.8M
| SCHV Schwab US Large-Cap Value | 9.62% | 1,135,998 | $30.2M | Reduce -2.4% |
| SCHX Schwab US Large-Cap ETF | 9.30% | 1,321,837 | $29.2M | Add +0.2% |
| SCHF Schwab Intl Equity ETF | 8.01% | 1,270,692 | $25.1M | Reduce -7.1% |
| SCHG Schwab US Large-Cap Growth | 7.51% | 940,571 | $23.6M | Add +1.0% |
| AAPL Apple Inc. | 6.57% | 92,848 | $20.6M | Reduce -8.1% |
| AGG iShares Core U.S. Aggregate | 6.03% | 191,183 | $18.9M | Reduce -1.2% |
| SCHO Schwab Short-Term US Treas | 4.19% | 539,544 | $13.1M | Add +1.6% |
| JPM JPMorgan Chase & Co. | 3.59% | 45,873 | $11.3M | Reduce -5.9% |
| EPD Enterprise Products Partners | 3.26% | 299,921 | $10.2M | Reduce -3.0% |
| MSFT Microsoft Corp. | 3.24% | 27,093 | $10.2M | Reduce -0.7% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 2.41% | 274,775 | $7.6M | Reduce -1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.92% | 11,320 | $6.0M | Add +2.1% |
| SCHB Schwab US Broad Market ETF | 1.81% | 263,758 | $5.7M | Reduce -3.1% |
| UBER Uber Technologies Inc. | 1.71% | 73,671 | $5.4M | Add +4.3% |
| SCHA Schwab US Small-Cap ETF | 1.43% | 191,477 | $4.5M | Add +4.5% |
| AMZN Amazon.com Inc. | 1.26% | 20,725 | $3.9M | Add +0.6% |
| NVDA Nvidia Corp. | 1.19% | 34,583 | $3.7M | Reduce -3.0% |
| V Visa Inc. Class A | 0.93% | 8,364 | $2.9M | Add +4.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.91% | 17,249 | $2.9M | Add +13.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.84% | 62,768 | $2.6M | New |
| BX Blackstone Inc. | 0.80% | 17,852 | $2.5M | Reduce -3.9% |
| META Meta Platforms Inc. Class A | 0.72% | 3,939 | $2.3M | Add +2.3% |
| GOOGL Alphabet Inc. Class A | 0.71% | 14,429 | $2.2M | Reduce -12.6% |
| SCHH Schwab US REIT ETF | 0.70% | 102,214 | $2.2M | Add +1.2% |
| COST Costco Wholesale Corp. | 0.69% | 2,297 | $2.2M | Add +3.6% |
| SCHZ Schwab US Aggregate Bond ETF | 0.65% | 88,021 | $2.0M | Add +2.0% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.64% | 31,112 | $2.0M | Reduce -0.3% |
| NTIC Northern Technologies Intl | 0.57% | 171,047 | $1.8M | No change |
| ACN Accenture PLC Class A | 0.56% | 5,607 | $1.7M | Add +8.2% |
| IWM iShares Russell 2000 ETF | 0.55% | 8,686 | $1.7M | Reduce -0.5% |
| ECL Ecolab Inc. | 0.54% | 6,727 | $1.7M | Reduce -4.1% |
| NXPI NXP Semiconductors NV | 0.51% | 8,430 | $1.6M | Add +9.2% |
| XLRE SS Real Estate Select Sector | 0.49% | 36,784 | $1.5M | Add +6.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.45% | 20,393 | $1.4M | Add +10.5% |
| SYK Stryker Corp. | 0.44% | 3,684 | $1.4M | Add +10.2% |
| TSLA Tesla Inc. | 0.43% | 5,227 | $1.4M | Reduce -3.6% |
| MCO Moody's Corp. | 0.43% | 2,864 | $1.3M | Add +8.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.41% | 35,163 | $1.3M | Reduce -5.3% |
| IWF iShares Russell 1000 Growth | 0.41% | 3,543 | $1.3M | Add +4.6% |
| CMG Chipotle Mexican Grill Inc. | 0.41% | 25,372 | $1.3M | Add +8.3% |
| ADP Automatic Data Processing | 0.39% | 4,038 | $1.2M | Add +6.6% |
| KO The Coca-Cola Co. | 0.39% | 17,088 | $1.2M | No change |
| JNJ Johnson & Johnson | 0.39% | 7,317 | $1.2M | Reduce -0.9% |
| ROP Roper Technologies Inc. | 0.36% | 1,937 | $1.1M | Add +9.8% |
| ITW Illinois Tool Works | 0.36% | 4,556 | $1.1M | Add +11.8% |
| IVV iShares Core S&P 500 ETF | 0.36% | 2,009 | $1.1M | Reduce -6.5% |
| CVX Chevron Corp. | 0.34% | 6,375 | $1.1M | Reduce -5.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.33% | 1,863 | $1.0M | Reduce -9.6% |
| TMO Thermo Fisher Scientific Inc. | 0.33% | 2,094 | $1.0M | Add +8.9% |
| PEP Pepsico Inc. | 0.33% | 6,879 | $1.0M | Add +16.5% |
| DHR Danaher Corp. | 0.30% | 4,652 | $954K | Add +12.7% |
| MMM 3M Co. | 0.30% | 6,454 | $948K | Reduce -0.1% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.27% | 63,069 | $860K | No change |
| GOOG Alphabet Inc. Class C | 0.26% | 5,206 | $813K | Reduce -28.5% |
| HD Home Depot Inc. | 0.26% | 2,187 | $801K | Add +5.9% |
| XOM Exxon Mobil Corp. | 0.25% | 6,466 | $769K | Add +0.8% |
| BNDX Vanguard Total Intl Bond ETF | 0.24% | 15,369 | $750K | Reduce -1.8% |
| ORCL Oracle Corp. | 0.23% | 5,177 | $724K | Reduce -7.8% |
| ADBE Adobe Inc. | 0.23% | 1,885 | $723K | Add +12.2% |
| FAST Fastenal Co. | 0.21% | 8,399 | $651K | Reduce -19.6% |
| IWY iShares Russell Top 200 Grow | 0.20% | 2,969 | $626K | No change |
| UNH Unitedhealth Group Inc. | 0.19% | 1,135 | $594K | Add +2.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.19% | 2,348 | $584K | Reduce -6.1% |
| WMT Walmart Inc. | 0.19% | 6,637 | $583K | Reduce -1.6% |
| PG The Procter & Gamble Co. | 0.18% | 3,367 | $574K | Add +1.6% |
| MAR Marriott International Class A | 0.18% | 2,359 | $562K | Add +6.9% |
| NFLX Netflix Inc. | 0.18% | 600 | $560K | No change |
| CP Canadian Pacific Kansas City | 0.18% | 7,963 | $559K | Reduce -16.1% |
| MUB iShares National Muni Bond E | 0.17% | 5,167 | $545K | Reduce -16.6% |
| AXP American Express Co. | 0.17% | 1,990 | $535K | Reduce -17.7% |
| ABBV Abbvie Inc. | 0.16% | 2,358 | $494K | Reduce -11.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.16% | 1,331 | $494K | Reduce -7.0% |
| CTAS Cintas Corp. | 0.15% | 2,347 | $482K | Reduce -3.7% |
| MDT Medtronic PLC | 0.15% | 5,151 | $463K | Reduce -1.0% |
| GE General Electric filed as GE AEROSPACE | 0.14% | 2,271 | $455K | Add +8.5% |
| HON Honeywell International Inc. | 0.14% | 2,140 | $453K | Reduce -2.6% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.14% | 17,383 | $437K | Add +2.0% |
| AMGN Amgen Inc. | 0.14% | 1,385 | $431K | Add +4.1% |
| LMT Lockheed Martin Corp. | 0.13% | 910 | $407K | Reduce -0.9% |
| SBUX Starbucks Corp. | 0.12% | 3,879 | $380K | Reduce -3.5% |
| LLY Eli Lilly & Co. | 0.12% | 454 | $375K | No change |
| HLT Hilton Worldwide Holdings Inc. | 0.12% | 1,609 | $366K | Reduce -0.7% |
| OGE Oge Energy Corp. | 0.12% | 7,889 | $363K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.11% | 4,582 | $347K | Reduce -0.3% |
| SUB iShares Short-Term National | 0.11% | 3,268 | $345K | Reduce -11.4% |
| WM Waste Management Inc. | 0.11% | 1,462 | $338K | No change |
| IWX iShares Russell Top 200 Valu | 0.09% | 3,606 | $296K | No change |
| CSCO Cisco Systems Inc. | 0.09% | 4,802 | $296K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.09% | 2,404 | $293K | No change |
| LIN Linde PLC | 0.09% | 600 | $279K | No change |
| CVS CVS Health Corp. | 0.09% | 4,042 | $274K | New |
| MCD McDonald's Corp. | 0.08% | 812 | $254K | Reduce -27.0% |
| DCI Donaldson Co. Inc. | 0.08% | 3,736 | $251K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.08% | 2,985 | $247K | Reduce -19.0% |
| ABT Abbott Laboratories | 0.08% | 1,827 | $242K | Reduce -9.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.08% | 2,966 | $238K | Reduce -12.5% |
| CMI Cummins Inc. | 0.07% | 744 | $233K | Reduce -30.4% |
| XEL Xcel Energy Inc. | 0.07% | 3,287 | $233K | Reduce -14.2% |
| CAT Caterpillar Inc. | 0.07% | 701 | $231K | Reduce -74.0% |
| SHOP Shopify Inc. Class A | 0.07% | 2,308 | $220K | Add +11.9% |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -8.1% | 6.57% | −1.22 |
| MSFT Microsoft Corp. | Reduce -0.7% | 3.24% | −0.30 |
| NVDA Nvidia Corp. | Reduce -3.0% | 1.19% | −0.28 |
| GOOGL Alphabet Inc. Class A | Reduce -12.6% | 0.71% | −0.25 |
| TSLA Tesla Inc. | Reduce -3.6% | 0.43% | −0.24 |
| CAT Caterpillar Inc. | Reduce -74.0% | 0.07% | −0.23 |
| BX Blackstone Inc. | Reduce -3.9% | 0.80% | −0.19 |
| GOOG Alphabet Inc. Class C | Reduce -28.5% | 0.26% | −0.17 |
| SCHB Schwab US Broad Market ETF | Reduce -3.1% | 1.81% | −0.10 |
| ORCL Oracle Corp. | Reduce -7.8% | 0.23% | −0.06 |
| AXP American Express Co. | Reduce -17.7% | 0.17% | −0.05 |
| IWM iShares Russell 2000 ETF | Reduce -0.5% | 0.55% | −0.04 |
| CMI Cummins Inc. | Reduce -30.4% | 0.07% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -9.6% | 0.33% | −0.04 |
| CP Canadian Pacific Kansas City | Reduce -16.1% | 0.18% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -6.5% | 0.36% | −0.03 |
| MUB iShares National Muni Bond E | Reduce -16.6% | 0.17% | −0.03 |
| FAST Fastenal Co. | Reduce -19.6% | 0.21% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -7.0% | 0.16% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -62.1% | 0.01% | −0.02 |
| MCD McDonald's Corp. | Reduce -27.0% | 0.08% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -16.8% | 0.06% | −0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -12.5% | 0.08% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -5.9% | 3.59% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -19.0% | 0.08% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Reduce -22.2% | 0.06% | −0.01 |
| IEF iShares 7-10 Year Treasury B | Reduce -34.9% | 0.02% | −0.01 |
| SUB iShares Short-Term National | Reduce -11.4% | 0.11% | −0.01 |
| IWP iShares Russell Mid-Cap Grow | Reduce -16.2% | 0.04% | −0.01 |
| HON Honeywell International Inc. | Reduce -2.6% | 0.14% | −0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -33.2% | 0.02% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -0.9% | 0.13% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -12.4% | 0.05% | −0.01 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -0.7% | 0.12% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -2.1% | 0.07% | −0.01 |
| TIP iShares Tips Bond ETF | Reduce -30.7% | 0.02% | −0.01 |
| SDY SS SPDR S&P Dividend ETF | Reduce -14.4% | 0.06% | −0.01 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -1.5% | 0.07% | −0.01 |
| XEL Xcel Energy Inc. | Reduce -14.2% | 0.07% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -3.4% | 0.04% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -4.0% | 0.06% | −0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -3.0% | 0.02% | −0.00 |
| SPEM State Street SP PTF Em ETF | Reduce -18.3% | 0.01% | −0.00 |
| WMT Walmart Inc. | Reduce -1.6% | 0.19% | −0.00 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.00 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -4.5% | 0.02% | +0.00 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -1.8% | 0.24% | +0.00 |
| SCHP Schwab U.S. Tips ETF | Reduce -0.7% | 0.05% | +0.00 |
| ABT Abbott Laboratories | Reduce -9.7% | 0.08% | +0.01 |
| SBUX Starbucks Corp. | Reduce -3.5% | 0.12% | +0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| SLB SLB Ltd. | New | 0.84% | +0.84 |
| UBER Uber Technologies Inc. | Add +4.3% | 1.71% | +0.40 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.1% | 1.92% | +0.37 |
| SCHO Schwab Short-Term US Treas | Add +1.6% | 4.19% | +0.25 |
| V Visa Inc. Class A | Add +4.0% | 0.93% | +0.15 |
| CVS CVS Health Corp. | New | 0.09% | +0.09 |
| ROP Roper Technologies Inc. | Add +9.8% | 0.36% | +0.08 |
| AMT American Tower Corp. | New | 0.07% | +0.07 |
| COST Costco Wholesale Corp. | Add +3.6% | 0.69% | +0.07 |
| SYK Stryker Corp. | Add +10.2% | 0.44% | +0.07 |
| XLRE SS Real Estate Select Sector | Add +6.7% | 0.49% | +0.06 |
| PEP Pepsico Inc. | Add +16.5% | 0.33% | +0.05 |
| ADP Automatic Data Processing | Add +6.6% | 0.39% | +0.05 |
| SCHZ Schwab US Aggregate Bond ETF | Add +2.0% | 0.65% | +0.05 |
| SCHH Schwab US REIT ETF | Add +1.2% | 0.70% | +0.05 |
| ITW Illinois Tool Works | Add +11.8% | 0.36% | +0.04 |
| MCO Moody's Corp. | Add +8.0% | 0.43% | +0.04 |
| GE General Electric | Add +8.5% | 0.14% | +0.04 |
| XOM Exxon Mobil Corp. | Add +0.8% | 0.25% | +0.03 |
| AMGN Amgen Inc. | Add +4.1% | 0.14% | +0.03 |
| META Meta Platforms Inc. Class A | Add +2.3% | 0.72% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | Add +8.9% | 0.33% | +0.02 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +183.2% | 0.03% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +2.8% | 0.19% | +0.02 |
| NXPI NXP Semiconductors NV | Add +9.2% | 0.51% | +0.02 |
| DHR Danaher Corp. | Add +12.7% | 0.30% | +0.01 |
| PG The Procter & Gamble Co. | Add +1.6% | 0.18% | +0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +172.4% | 0.01% | +0.01 |
| HD Home Depot Inc. | Add +5.9% | 0.26% | +0.01 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +2.0% | 0.14% | +0.01 |
| VOO Vanguard S&P 500 ETF | New | 0.01% | +0.01 |
| VNQ Vanguard Real Estate ETF | Add +3.5% | 0.06% | +0.00 |
| EAGG iShares ESG Aware US Aggrega | Add +0.5% | 0.06% | +0.00 |
| SHOP Shopify Inc. Class A | Add +11.9% | 0.07% | +0.00 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +50.0% | 0.00% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +4.0% | 0.03% | +0.00 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Add +208.3% | 0.00% | +0.00 |
| ADBE Adobe Inc. | Add +12.2% | 0.23% | +0.00 |
| BAC Bank of America Corp. | Add +1.4% | 0.07% | −0.00 |
| ACN Accenture PLC Class A | Add +8.2% | 0.56% | −0.00 |
| MAR Marriott International Class A | Add +6.9% | 0.18% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +13.7% | 0.91% | −0.01 |
| IWF iShares Russell 1000 Growth | Add +4.6% | 0.41% | −0.01 |
| CMG Chipotle Mexican Grill Inc. | Add +8.3% | 0.41% | −0.03 |
| SCHA Schwab US Small-Cap ETF | Add +4.5% | 1.43% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +10.5% | 0.45% | −0.04 |
| SCHX Schwab US Large-Cap ETF | Add +0.2% | 9.30% | −0.12 |
| AMZN Amazon.com Inc. | Add +0.6% | 1.26% | −0.14 |
| SCHG Schwab US Large-Cap Growth | Add +1.0% | 7.51% | −0.49 |
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 |