Ballast Advisors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), Ballast Advisors LLC reported 168 stock positions worth $339.4 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 9.5% of the portfolio, followed by Schwab US Large-Cap Value (SCHV, 9.3%) and Schwab Intl Equity ETF (SCHF, 8.0%). Compared with Q1 2025, it opened 9 new positions, sold out of 5, added to 70 and reduced 45. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +27%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- WOODBURY, MN
- CIK
- 0001803415
- Portfolio Value
- $339.4M (Q2 2025)
- SEC Filing
- 0001398344-25-014247 ↗ filed Jul 31, 2025
Holdings Value
Holdings 168 stocks · $339.4M
| SCHX Schwab US Large-Cap ETF | 9.48% | 1,316,693 | $32.2M | Reduce -0.4% |
| SCHV Schwab US Large-Cap Value | 9.26% | 1,136,285 | $31.4M | Add +0.0% |
| SCHF Schwab Intl Equity ETF | 7.98% | 1,226,124 | $27.1M | Reduce -3.5% |
| SCHG Schwab US Large-Cap Growth | 7.88% | 915,285 | $26.7M | Reduce -2.7% |
| AGG iShares Core U.S. Aggregate | 5.78% | 197,829 | $19.6M | Add +3.5% |
| AAPL Apple Inc. | 5.58% | 92,231 | $18.9M | Reduce -0.7% |
| SCHO Schwab Short-Term US Treas | 4.10% | 570,173 | $13.9M | Add +5.7% |
| MSFT Microsoft Corp. | 3.97% | 27,053 | $13.5M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 3.87% | 45,296 | $13.1M | Reduce -1.3% |
| EPD Enterprise Products Partners | 2.84% | 310,856 | $9.6M | Add +3.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 2.42% | 272,280 | $8.2M | Reduce -0.9% |
| UBER Uber Technologies Inc. | 2.03% | 73,920 | $6.9M | Add +0.3% |
| SCHB Schwab US Broad Market ETF | 1.81% | 257,275 | $6.1M | Reduce -2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.64% | 11,457 | $5.6M | Add +1.2% |
| NVDA Nvidia Corp. | 1.61% | 34,590 | $5.5M | Add +0.0% |
| TSM Taiwan Semiconductor-SP ADR | 1.46% | 21,820 | $4.9M | Add +26.5% |
| SCHA Schwab US Small-Cap ETF | 1.39% | 186,387 | $4.7M | Reduce -2.7% |
| AMZN Amazon.com Inc. | 1.38% | 21,297 | $4.7M | Add +2.8% |
| V Visa Inc. Class A | 0.89% | 8,544 | $3.0M | Add +2.1% |
| META Meta Platforms Inc. Class A | 0.87% | 4,009 | $3.0M | Add +1.8% |
| BX Blackstone Inc. | 0.84% | 19,093 | $2.9M | Add +7.0% |
| GOOGL Alphabet Inc. Class A | 0.78% | 15,095 | $2.7M | Add +4.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.77% | 77,111 | $2.6M | Add +22.9% |
| COST Costco Wholesale Corp. | 0.68% | 2,347 | $2.3M | Add +2.2% |
| SCHH Schwab US REIT ETF | 0.64% | 103,271 | $2.2M | Add +1.0% |
| SCHZ Schwab US Aggregate Bond ETF | 0.63% | 91,810 | $2.1M | Add +4.3% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.61% | 31,732 | $2.1M | Add +2.0% |
| NXPI NXP Semiconductors NV | 0.57% | 8,839 | $1.9M | Add +4.8% |
| IWM iShares Russell 2000 ETF | 0.56% | 8,769 | $1.9M | Add +1.0% |
| ECL Ecolab Inc. | 0.54% | 6,749 | $1.8M | Add +0.3% |
| ACN Accenture PLC Class A | 0.51% | 5,846 | $1.7M | Add +4.3% |
| TSLA Tesla Inc. | 0.48% | 5,081 | $1.6M | Reduce -2.8% |
| XLRE SS Real Estate Select Sector | 0.47% | 38,759 | $1.6M | Add +5.4% |
| SYK Stryker Corp. | 0.45% | 3,843 | $1.5M | Add +4.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.45% | 21,893 | $1.5M | Add +7.4% |
| CMG Chipotle Mexican Grill Inc. | 0.44% | 26,759 | $1.5M | Add +5.5% |
| IWF iShares Russell 1000 Growth | 0.44% | 3,521 | $1.5M | Reduce -0.6% |
| MCO Moody's Corp. | 0.44% | 2,973 | $1.5M | Add +3.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.41% | 34,409 | $1.4M | Reduce -2.1% |
| IVV iShares Core S&P 500 ETF | 0.39% | 2,151 | $1.3M | Add +7.1% |
| ADP Automatic Data Processing | 0.38% | 4,148 | $1.3M | Add +2.7% |
| NTIC Northern Technologies Intl | 0.37% | 171,047 | $1.3M | No change |
| KO The Coca-Cola Co. | 0.36% | 17,188 | $1.2M | Add +0.6% |
| ITW Illinois Tool Works | 0.35% | 4,820 | $1.2M | Add +5.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.33% | 1,832 | $1.1M | Reduce -1.7% |
| ROP Roper Technologies Inc. | 0.33% | 1,990 | $1.1M | Add +2.7% |
| ORCL Oracle Corp. | 0.33% | 5,130 | $1.1M | Reduce -0.9% |
| PEP Pepsico Inc. | 0.33% | 8,363 | $1.1M | Add +21.6% |
| MMM 3M Co. | 0.31% | 6,931 | $1.1M | Add +7.4% |
| DHR Danaher Corp. | 0.29% | 4,946 | $977K | Add +6.3% |
| GOOG Alphabet Inc. Class C | 0.27% | 5,252 | $932K | Add +0.9% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 2,237 | $907K | Add +6.8% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.26% | 63,069 | $865K | No change |
| NFLX Netflix Inc. | 0.24% | 619 | $829K | Add +3.2% |
| ADBE Adobe Inc. | 0.24% | 2,130 | $824K | Add +13.0% |
| HD Home Depot Inc. | 0.24% | 2,197 | $805K | Add +0.5% |
| BNDX Vanguard Total Intl Bond ETF | 0.23% | 16,008 | $793K | Add +4.2% |
| MDT Medtronic PLC | 0.23% | 8,939 | $779K | Add +73.5% |
| JNJ Johnson & Johnson | 0.23% | 5,077 | $776K | Reduce -30.6% |
| IWY iShares Russell Top 200 Grow | 0.22% | 2,969 | $732K | No change |
| FAST Fastenal Co. | 0.21% | 16,756 | $704K | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 0.20% | 6,424 | $693K | Reduce -0.7% |
| CVX Chevron Corp. | 0.20% | 4,827 | $691K | Reduce -24.3% |
| WMT Walmart Inc. | 0.19% | 6,638 | $649K | Add +0.0% |
| AXP American Express Co. | 0.19% | 2,007 | $640K | Add +0.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.18% | 1,380 | $605K | Add +3.7% |
| MAR Marriott International Class A | 0.18% | 2,177 | $595K | Reduce -7.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 1,984 | $585K | Reduce -15.5% |
| GE General Electric filed as GE AEROSPACE | 0.17% | 2,205 | $568K | Reduce -2.9% |
| CP Canadian Pacific Kansas City | 0.17% | 7,149 | $567K | Reduce -10.2% |
| PG The Procter & Gamble Co. | 0.17% | 3,519 | $561K | Add +4.5% |
| MUB iShares National Muni Bond E | 0.16% | 5,167 | $540K | No change |
| CTAS Cintas Corp. | 0.15% | 2,307 | $514K | Reduce -1.7% |
| HON Honeywell International Inc. | 0.15% | 2,183 | $508K | Add +2.0% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.14% | 18,198 | $464K | Add +4.7% |
| ABBV Abbvie Inc. | 0.13% | 2,427 | $451K | Add +2.9% |
| HLT Hilton Worldwide Holdings Inc. | 0.13% | 1,654 | $441K | Add +2.8% |
| LMT Lockheed Martin Corp. | 0.12% | 864 | $400K | Reduce -5.0% |
| AMGN Amgen Inc. | 0.11% | 1,370 | $383K | Reduce -1.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.11% | 4,506 | $376K | Reduce -1.7% |
| LLY Eli Lilly & Co. | 0.10% | 452 | $352K | Reduce -0.4% |
| SBUX Starbucks Corp. | 0.10% | 3,841 | $352K | Reduce -1.0% |
| OGE Oge Energy Corp. | 0.10% | 7,889 | $350K | No change |
| SUB iShares Short-Term National | 0.10% | 3,268 | $348K | No change |
| WM Waste Management Inc. | 0.10% | 1,504 | $344K | Add +2.9% |
| UNH Unitedhealth Group Inc. | 0.09% | 1,019 | $318K | Reduce -10.2% |
| CSCO Cisco Systems Inc. | 0.09% | 4,524 | $314K | Reduce -5.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.09% | 2,472 | $305K | Add +2.8% |
| IWX iShares Russell Top 200 Valu | 0.09% | 3,606 | $304K | No change |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.08% | 2,991 | $285K | Add +0.8% |
| CVS CVS Health Corp. | 0.08% | 4,042 | $279K | No change |
| XEL Xcel Energy Inc. | 0.08% | 4,052 | $276K | Add +23.3% |
| CAT Caterpillar Inc. | 0.08% | 701 | $272K | No change |
| SHOP Shopify Inc. Class A | 0.08% | 2,334 | $269K | Add +1.1% |
| MCD McDonald's Corp. | 0.08% | 907 | $265K | Add +11.7% |
| ABT Abbott Laboratories | 0.08% | 1,922 | $261K | Add +5.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 5,489 | $260K | Add +4.1% |
| DCI Donaldson Co. Inc. | 0.08% | 3,736 | $259K | No change |
| LIN Linde PLC | 0.07% | 520 | $244K | Reduce -13.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.07% | 2,929 | $243K | Reduce -1.9% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.7% | 5.58% | −1.00 |
| JNJ Johnson & Johnson | Reduce -30.6% | 0.23% | −0.16 |
| CVX Chevron Corp. | Reduce -24.3% | 0.20% | −0.14 |
| UNH Unitedhealth Group Inc. | Reduce -10.2% | 0.09% | −0.10 |
| APOG Apogee Enterprises Inc. | Sold out | 0.00% | −0.07 |
| AIZ Assurant Inc. | Sold out | 0.00% | −0.07 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.07 |
| EAGG iShares ESG Aware US Aggrega | Sold out | 0.00% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -0.7% | 0.20% | −0.04 |
| SCHA Schwab US Small-Cap ETF | Reduce -2.7% | 1.39% | −0.04 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Sold out | 0.00% | −0.03 |
| SCHF Schwab Intl Equity ETF | Reduce -3.5% | 7.98% | −0.03 |
| AMGN Amgen Inc. | Reduce -1.1% | 0.11% | −0.02 |
| SBUX Starbucks Corp. | Reduce -1.0% | 0.10% | −0.02 |
| LIN Linde PLC | Reduce -13.3% | 0.07% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -0.4% | 0.10% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -15.5% | 0.17% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -46.4% | 0.01% | −0.01 |
| SDY SS SPDR S&P Dividend ETF | Reduce -12.7% | 0.05% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -5.0% | 0.12% | −0.01 |
| CP Canadian Pacific Kansas City | Reduce -10.2% | 0.17% | −0.01 |
| CMI Cummins Inc. | Reduce -11.4% | 0.06% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -30.2% | 0.02% | −0.01 |
| AMT American Tower Corp. | Reduce -6.4% | 0.06% | −0.01 |
| UNP Union Pacific Corp. | Reduce -2.2% | 0.06% | −0.01 |
| TIP iShares Tips Bond ETF | Reduce -37.7% | 0.01% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.9% | 0.07% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -8.1% | 0.05% | −0.01 |
| MAR Marriott International Class A | Reduce -7.7% | 0.18% | −0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -2.5% | 1.81% | −0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -4.9% | 0.04% | −0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -7.3% | 0.02% | −0.00 |
| CTAS Cintas Corp. | Reduce -1.7% | 0.15% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -5.8% | 0.09% | −0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -1.2% | 0.05% | −0.00 |
| FAST Fastenal Co. | Reduce -0.3% | 0.21% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -1.7% | 0.11% | +0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -0.3% | 0.05% | +0.00 |
| IDV iShares International Select | Reduce -0.3% | 0.06% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.7% | 0.33% | +0.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -2.1% | 0.41% | +0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -0.9% | 2.42% | +0.00 |
| GE General Electric | Reduce -2.9% | 0.17% | +0.02 |
| IWF iShares Russell 1000 Growth | Reduce -0.6% | 0.44% | +0.03 |
| TSLA Tesla Inc. | Reduce -2.8% | 0.48% | +0.04 |
| ORCL Oracle Corp. | Reduce -0.9% | 0.33% | +0.10 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.4% | 9.48% | +0.18 |
| JPM JPMorgan Chase & Co. | Reduce -1.3% | 3.87% | +0.28 |
| SCHG Schwab US Large-Cap Growth | Reduce -2.7% | 7.88% | +0.37 |
| MSFT Microsoft Corp. | Reduce -0.1% | 3.97% | +0.72 |
Portfolio Buys Q1 2025 → Q2 2025
| TSM Taiwan Semiconductor-SP ADR | Add +26.5% | 1.46% | +0.54 |
| NVDA Nvidia Corp. | Add +0.0% | 1.61% | +0.42 |
| UBER Uber Technologies Inc. | Add +0.3% | 2.03% | +0.32 |
| META Meta Platforms Inc. Class A | Add +1.8% | 0.87% | +0.15 |
| AMZN Amazon.com Inc. | Add +2.8% | 1.38% | +0.12 |
| MDT Medtronic PLC | Add +73.5% | 0.23% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +4.6% | 0.78% | +0.07 |
| PM Philip Morris International | New | 0.07% | +0.07 |
| NFLX Netflix Inc. | Add +3.2% | 0.24% | +0.07 |
| GEV GE Vernova Inc. | New | 0.06% | +0.06 |
| LRCX Lam Research Corp. | New | 0.06% | +0.06 |
| RTX RTX Corp. | New | 0.06% | +0.06 |
| NXPI NXP Semiconductors NV | Add +4.8% | 0.57% | +0.06 |
| BX Blackstone Inc. | Add +7.0% | 0.84% | +0.05 |
| CMG Chipotle Mexican Grill Inc. | Add +5.5% | 0.44% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +7.1% | 0.39% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +3.7% | 0.18% | +0.02 |
| AXP American Express Co. | Add +0.8% | 0.19% | +0.02 |
| IEF iShares 7-10 Year Treasury B | Add +87.4% | 0.04% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +0.9% | 0.27% | +0.02 |
| SPTI SS SPDR P Int Term TSY ETF | New | 0.01% | +0.01 |
| MCO Moody's Corp. | Add +3.8% | 0.44% | +0.01 |
| HLT Hilton Worldwide Holdings Inc. | Add +2.8% | 0.13% | +0.01 |
| ADBE Adobe Inc. | Add +13.0% | 0.24% | +0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +56.6% | 0.03% | +0.01 |
| SYK Stryker Corp. | Add +4.3% | 0.45% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.01% | +0.01 |
| SHOP Shopify Inc. Class A | Add +1.1% | 0.08% | +0.01 |
| MMM 3M Co. | Add +7.4% | 0.31% | +0.01 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +0.8% | 0.08% | +0.01 |
| XEL Xcel Energy Inc. | Add +23.3% | 0.08% | +0.01 |
| BAC Bank of America Corp. | Add +4.1% | 0.08% | +0.01 |
| WMT Walmart Inc. | Add +0.0% | 0.19% | +0.01 |
| HON Honeywell International Inc. | Add +2.0% | 0.15% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +1.0% | 0.56% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +20.0% | 0.01% | +0.00 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +6.2% | 0.03% | +0.00 |
| SCHP Schwab U.S. Tips ETF | Add +11.3% | 0.05% | +0.00 |
| EMB iShares JP Morgan Usd Emergi | New | 0.00% | +0.00 |
| PFF iShares Preferred & Income S | New | 0.00% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +15.3% | 0.01% | +0.00 |
| SPSB SS SPDR P St C Corp. ETF | New | 0.00% | +0.00 |
| ABT Abbott Laboratories | Add +5.2% | 0.08% | −0.00 |
| CMF iShares California Muni Bond | Add +1.2% | 0.01% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Add +0.0% | 0.06% | −0.00 |
| TLT iShares 20+ Year Treasury BD | Add +9.8% | 0.06% | −0.00 |
| MCD McDonald's Corp. | Add +11.7% | 0.08% | −0.00 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +4.7% | 0.14% | −0.00 |
| VNQ Vanguard Real Estate ETF | Add +4.0% | 0.05% | −0.00 |
| SCHD Schwab US DVD Equity ETF | Add +2.6% | 0.03% | −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 |