Ballast Advisors LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Ballast Advisors LLC reported 180 stock positions worth $363.1 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, 9.2%) and Schwab US Large-Cap Growth (SCHG, 7.9%). Compared with Q2 2025, it opened 20 new positions, sold out of 8, added to 45 and reduced 67. The biggest buy was Schwab Short-Term US Treas (SCHO, shares +9%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- WOODBURY, MN
- CIK
- 0001803415
- Portfolio Value
- $363.1M (Q3 2025)
- SEC Filing
- 0001398344-25-020738 ↗ filed Nov 12, 2025
Holdings Value
Holdings 180 stocks · $363.1M
| SCHX Schwab US Large-Cap ETF | 9.47% | 1,305,769 | $34.4M | Reduce -0.8% |
| SCHV Schwab US Large-Cap Value | 9.22% | 1,149,580 | $33.5M | Add +1.2% |
| SCHG Schwab US Large-Cap Growth | 7.87% | 894,867 | $28.6M | Reduce -2.2% |
| SCHF Schwab Intl Equity ETF | 7.83% | 1,221,685 | $28.4M | Reduce -0.4% |
| AAPL Apple Inc. | 6.22% | 88,719 | $22.6M | Reduce -3.8% |
| AGG iShares Core U.S. Aggregate | 5.67% | 205,248 | $20.6M | Add +3.8% |
| SCHO Schwab Short-Term US Treas | 4.19% | 623,769 | $15.2M | Add +9.4% |
| JPM JPMorgan Chase & Co. | 3.88% | 44,605 | $14.1M | Reduce -1.5% |
| MSFT Microsoft Corp. | 3.76% | 26,328 | $13.6M | Reduce -2.7% |
| EPD Enterprise Products Partners | 2.72% | 315,550 | $9.9M | Add +1.5% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 2.47% | 268,362 | $9.0M | Reduce -1.4% |
| UBER Uber Technologies Inc. | 1.92% | 71,051 | $7.0M | Reduce -3.9% |
| SCHB Schwab US Broad Market ETF | 1.89% | 266,353 | $6.8M | Add +3.5% |
| NVDA Nvidia Corp. | 1.70% | 33,169 | $6.2M | Reduce -4.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.63% | 11,749 | $5.9M | Add +2.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.63% | 21,129 | $5.9M | Reduce -3.2% |
| SCHA Schwab US Small-Cap ETF | 1.40% | 182,296 | $5.1M | Reduce -2.2% |
| AMZN Amazon.com Inc. | 1.25% | 20,730 | $4.6M | Reduce -2.7% |
| GOOGL Alphabet Inc. Class A | 0.95% | 14,156 | $3.4M | Reduce -6.2% |
| BX Blackstone Inc. | 0.91% | 19,407 | $3.3M | Add +1.6% |
| V Visa Inc. Class A | 0.80% | 8,491 | $2.9M | Reduce -0.6% |
| META Meta Platforms Inc. Class A | 0.78% | 3,857 | $2.8M | Reduce -3.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.77% | 81,072 | $2.8M | Add +5.1% |
| SCHH Schwab US REIT ETF | 0.66% | 110,589 | $2.4M | Add +7.1% |
| TSLA Tesla Inc. | 0.61% | 5,021 | $2.2M | Reduce -1.2% |
| SCHZ Schwab US Aggregate Bond ETF | 0.61% | 95,118 | $2.2M | Add +3.6% |
| COST Costco Wholesale Corp. | 0.60% | 2,354 | $2.2M | Add +0.3% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.59% | 32,208 | $2.2M | Add +1.5% |
| IWM iShares Russell 2000 ETF | 0.56% | 8,471 | $2.0M | Reduce -3.4% |
| NXPI NXP Semiconductors NV | 0.56% | 8,928 | $2.0M | Add +1.0% |
| ECL Ecolab Inc. | 0.51% | 6,749 | $1.8M | No change |
| XLRE SS Real Estate Select Sector | 0.47% | 40,887 | $1.7M | Add +5.5% |
| IWF iShares Russell 1000 Growth | 0.44% | 3,418 | $1.6M | Reduce -2.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.42% | 35,554 | $1.5M | Add +3.3% |
| SYK Stryker Corp. | 0.41% | 4,010 | $1.5M | Add +4.3% |
| MCO Moody's Corp. | 0.40% | 3,060 | $1.5M | Add +2.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.40% | 2,159 | $1.4M | Add +17.9% |
| ORCL Oracle Corp. | 0.39% | 5,098 | $1.4M | Reduce -0.6% |
| ACN Accenture PLC Class A | 0.38% | 5,553 | $1.4M | Reduce -5.0% |
| ITW Illinois Tool Works | 0.36% | 5,060 | $1.3M | Add +5.0% |
| NTIC Northern Technologies Intl | 0.36% | 171,047 | $1.3M | No change |
| IVV iShares Core S&P 500 ETF | 0.36% | 1,952 | $1.3M | Reduce -9.3% |
| PEP Pepsico Inc. | 0.35% | 8,934 | $1.3M | Add +6.8% |
| GOOG Alphabet Inc. Class C | 0.35% | 5,147 | $1.3M | Reduce -2.0% |
| ADP Automatic Data Processing | 0.33% | 4,124 | $1.2M | Reduce -0.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.33% | 21,735 | $1.2M | Reduce -0.7% |
| KO The Coca-Cola Co. | 0.31% | 17,176 | $1.1M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 2,339 | $1.1M | Add +4.6% |
| MMM 3M Co. | 0.29% | 6,882 | $1.1M | Reduce -0.7% |
| CMG Chipotle Mexican Grill Inc. | 0.29% | 26,815 | $1.1M | Add +0.2% |
| DHR Danaher Corp. | 0.29% | 5,232 | $1.0M | Add +5.8% |
| ROP Roper Technologies Inc. | 0.28% | 2,025 | $1.0M | Add +1.8% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.28% | 63,282 | $1.0M | Add +0.3% |
| JNJ Johnson & Johnson | 0.26% | 5,064 | $939K | Reduce -0.3% |
| HD Home Depot Inc. | 0.24% | 2,190 | $887K | Reduce -0.3% |
| MDT Medtronic PLC | 0.24% | 9,039 | $861K | Add +1.1% |
| FAST Fastenal Co. | 0.23% | 16,756 | $822K | No change |
| IWY iShares Russell Top 200 Grow | 0.22% | 2,969 | $812K | No change |
| BNDX Vanguard Total Intl Bond ETF | 0.22% | 16,110 | $797K | Add +0.6% |
| ADBE Adobe Inc. | 0.22% | 2,244 | $792K | Add +5.3% |
| NFLX Netflix Inc. | 0.20% | 619 | $742K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 2,609 | $736K | Add +31.5% |
| XOM Exxon Mobil Corp. | 0.19% | 6,194 | $698K | Reduce -3.6% |
| WMT Walmart Inc. | 0.19% | 6,664 | $687K | Add +0.4% |
| GE General Electric filed as GE AEROSPACE | 0.19% | 2,240 | $674K | Add +1.6% |
| AXP American Express Co. | 0.18% | 1,964 | $652K | Reduce -2.1% |
| CVX Chevron Corp. | 0.18% | 4,150 | $644K | Reduce -14.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.17% | 1,294 | $621K | Reduce -6.2% |
| MAR Marriott International Class A | 0.16% | 2,192 | $571K | Add +0.7% |
| ABBV Abbvie Inc. | 0.15% | 2,278 | $528K | Reduce -6.1% |
| PG The Procter & Gamble Co. | 0.14% | 3,401 | $523K | Reduce -3.4% |
| CP Canadian Pacific Kansas City | 0.14% | 7,011 | $522K | Reduce -1.9% |
| CTAS Cintas Corp. | 0.13% | 2,272 | $466K | Reduce -1.5% |
| HON Honeywell International Inc. | 0.13% | 2,173 | $457K | Reduce -0.5% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.12% | 17,555 | $449K | Reduce -3.5% |
| LMT Lockheed Martin Corp. | 0.12% | 864 | $431K | No change |
| HLT Hilton Worldwide Holdings Inc. | 0.11% | 1,589 | $412K | Reduce -3.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.11% | 4,446 | $388K | Reduce -1.3% |
| AMGN Amgen Inc. | 0.11% | 1,362 | $384K | Reduce -0.6% |
| OGE Oge Energy Corp. | 0.10% | 7,889 | $365K | No change |
| LLY Eli Lilly & Co. | 0.10% | 474 | $362K | Add +4.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.10% | 2,472 | $357K | No change |
| UNH Unitedhealth Group Inc. | 0.10% | 1,021 | $353K | Add +0.2% |
| WM Waste Management Inc. | 0.09% | 1,504 | $332K | No change |
| SUB iShares Short-Term National | 0.09% | 3,094 | $330K | Reduce -5.3% |
| SHOP Shopify Inc. Class A | 0.09% | 2,212 | $329K | Reduce -5.2% |
| MUB iShares National Muni Bond E | 0.09% | 3,075 | $327K | Reduce -40.5% |
| XEL Xcel Energy Inc. | 0.09% | 4,059 | $327K | Add +0.2% |
| CAT Caterpillar Inc. | 0.09% | 677 | $323K | Reduce -3.4% |
| IWX iShares Russell Top 200 Valu | 0.09% | 3,606 | $317K | No change |
| SBUX Starbucks Corp. | 0.09% | 3,669 | $310K | Reduce -4.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.09% | 2,968 | $310K | Reduce -0.8% |
| CSCO Cisco Systems Inc. | 0.08% | 4,473 | $306K | Reduce -1.1% |
| DCI Donaldson Co. Inc. | 0.08% | 3,736 | $306K | No change |
| CVS CVS Health Corp. | 0.08% | 4,042 | $305K | No change |
| LRCX Lam Research Corp. | 0.08% | 2,121 | $284K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 5,489 | $283K | No change |
| ABT Abbott Laboratories | 0.07% | 1,922 | $257K | No change |
| BWB Bridgewater Bancshares Inc. | 0.07% | 14,600 | $257K | No change |
| XLK SS Technology Select Sector | 0.07% | 891 | $251K | Add +3.2% |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -2.7% | 3.76% | −0.21 |
| SCHF Schwab Intl Equity ETF | Reduce -0.4% | 7.83% | −0.15 |
| ACN Accenture PLC Class A | Reduce -5.0% | 0.38% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -2.7% | 1.25% | −0.12 |
| UBER Uber Technologies Inc. | Reduce -3.9% | 1.92% | −0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.7% | 0.33% | −0.11 |
| V Visa Inc. Class A | Reduce -0.6% | 0.80% | −0.10 |
| META Meta Platforms Inc. Class A | Reduce -3.8% | 0.78% | −0.09 |
| MUB iShares National Muni Bond E | Reduce -40.5% | 0.09% | −0.07 |
| PM Philip Morris International | Sold out | 0.00% | −0.07 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.06 |
| KO The Coca-Cola Co. | Reduce -0.1% | 0.31% | −0.04 |
| ADP Automatic Data Processing | Reduce -0.6% | 0.33% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -9.3% | 0.36% | −0.03 |
| CVX Chevron Corp. | Reduce -14.0% | 0.18% | −0.03 |
| HON Honeywell International Inc. | Reduce -0.5% | 0.13% | −0.02 |
| CP Canadian Pacific Kansas City | Reduce -1.9% | 0.14% | −0.02 |
| CTAS Cintas Corp. | Reduce -1.5% | 0.13% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -3.4% | 0.14% | −0.02 |
| SBUX Starbucks Corp. | Reduce -4.5% | 0.09% | −0.02 |
| MMM 3M Co. | Reduce -0.7% | 0.29% | −0.02 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -3.9% | 0.11% | −0.02 |
| SPTI SS SPDR P Int Term TSY ETF | Sold out | 0.00% | −0.01 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -3.5% | 0.12% | −0.01 |
| SCHG Schwab US Large-Cap Growth | Reduce -2.2% | 7.87% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -3.6% | 0.19% | −0.01 |
| SUB iShares Short-Term National | Reduce -5.3% | 0.09% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −0.01 |
| MCD McDonald's Corp. | Reduce -9.8% | 0.07% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Reduce -10.1% | 0.05% | −0.01 |
| AXP American Express Co. | Reduce -2.1% | 0.18% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.8% | 9.47% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -1.1% | 0.08% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -6.2% | 0.17% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -12.3% | 0.04% | −0.01 |
| AMGN Amgen Inc. | Reduce -0.6% | 0.11% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -14.4% | 0.04% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -2.9% | 0.07% | −0.01 |
| LIN Linde PLC | Reduce -2.3% | 0.07% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -16.3% | 0.03% | −0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -34.3% | 0.01% | −0.00 |
| UNP Union Pacific Corp. | Reduce -2.9% | 0.06% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -1.3% | 0.11% | −0.00 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -9.6% | 0.03% | −0.00 |
| SPEM State Street SP PTF Em ETF | Reduce -18.9% | 0.01% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -37.4% | 0.00% | −0.00 |
| SCHD Schwab US DVD Equity ETF | Reduce -2.6% | 0.03% | −0.00 |
| TFI SS SPDR N Ice Muni Bond ETF | Reduce -13.2% | 0.01% | −0.00 |
| EMB iShares JP Morgan Usd Emergi | Sold out | 0.00% | −0.00 |
| AOA iShares Core 80/20 Aggressiv | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| SCHO Schwab Short-Term US Treas | Add +9.4% | 4.19% | +0.10 |
| SCHB Schwab US Broad Market ETF | Add +3.5% | 1.89% | +0.08 |
| BX Blackstone Inc. | Add +1.6% | 0.91% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +17.9% | 0.40% | +0.06 |
| AIZ Assurant Inc. | New | 0.06% | +0.06 |
| MCK McKesson Corp. | New | 0.06% | +0.06 |
| BSCS Invesco Bulletshares 2028 CB | New | 0.06% | +0.06 |
| APOG Apogee Enterprises Inc. | New | 0.06% | +0.06 |
| AMAT Applied Materials Inc. | New | 0.06% | +0.06 |
| TMO Thermo Fisher Scientific Inc. | Add +4.6% | 0.31% | +0.05 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | New | 0.04% | +0.04 |
| IBM Intl Business Machines Corp. | Add +31.5% | 0.20% | +0.03 |
| EDIV State Street SPDR S&P Emergi | New | 0.03% | +0.03 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Add +0.3% | 0.28% | +0.02 |
| PEP Pepsico Inc. | Add +6.8% | 0.35% | +0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.02% | +0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.02% | +0.02 |
| GE General Electric | Add +1.6% | 0.19% | +0.02 |
| VYMI Vanguard Int High DVD YLD Inc. | New | 0.02% | +0.02 |
| EAGG iShares ESG Aware US Aggrega | New | 0.02% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +191.7% | 0.02% | +0.02 |
| BSJQ Invesco Bulletshares 2026 HY | New | 0.01% | +0.01 |
| SCHH Schwab US REIT ETF | Add +7.1% | 0.66% | +0.01 |
| ITW Illinois Tool Works | Add +5.0% | 0.36% | +0.01 |
| TIPX SS SPDR BB 1-10YR Tips ETF | New | 0.01% | +0.01 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +82.1% | 0.02% | +0.01 |
| XEL Xcel Energy Inc. | Add +0.2% | 0.09% | +0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +3.3% | 0.42% | +0.01 |
| XLF SS Financial Select Sector | Add +237.3% | 0.01% | +0.01 |
| ITOT iShares Core S&P Total U.S. | New | 0.01% | +0.01 |
| MDT Medtronic PLC | Add +1.1% | 0.24% | +0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | New | 0.01% | +0.01 |
| IBDT iShares Ibonds Dec 2028 ETF | New | 0.01% | +0.01 |
| XLK SS Technology Select Sector | Add +3.2% | 0.07% | +0.00 |
| VYM Vanguard High DVD Yield ETF | Add +18.5% | 0.03% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +0.2% | 0.10% | +0.00 |
| SPIB SS SPDR P Int C Corp. ETF | New | 0.00% | +0.00 |
| IJS iShares S&P Small-Cap 600 Va | Add +141.7% | 0.00% | +0.00 |
| XLRE SS Real Estate Select Sector | Add +5.5% | 0.47% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +3.4% | 0.05% | +0.00 |
| ITA iShares U.S. Aerospace & Def | New | 0.00% | +0.00 |
| XLC SS Comm Select Sector SPDR | New | 0.00% | +0.00 |
| XLY SS Consumer Disc Select Sect | New | 0.00% | +0.00 |
| VNQ Vanguard Real Estate ETF | Add +5.0% | 0.06% | +0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +2.4% | 0.01% | +0.00 |
| SLB SLB Ltd. | Add +5.1% | 0.77% | −0.00 |
| SCHP Schwab U.S. Tips ETF | Add +2.7% | 0.05% | −0.00 |
| WMT Walmart Inc. | Add +0.4% | 0.19% | −0.00 |
| DHR Danaher Corp. | Add +5.8% | 0.29% | −0.00 |
| LLY Eli Lilly & Co. | Add +4.9% | 0.10% | −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 |