Ballast Advisors LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Ballast Advisors LLC reported 175 stock positions worth $362.5 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 Intl Equity ETF (SCHF, 8.1%). Compared with Q3 2025, it opened 6 new positions, sold out of 11, added to 50 and reduced 64. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +10%) and the biggest sale Uber Technologies (UBER, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- WOODBURY, MN
- CIK
- 0001803415
- Portfolio Value
- $362.5M (Q4 2025)
- SEC Filing
- 0001398344-26-001934 ↗ filed Feb 3, 2026
Holdings Value
Holdings 175 stocks · $362.5M
| SCHX Schwab US Large-Cap ETF | 9.44% | 1,271,925 | $34.2M | Reduce -2.6% |
| SCHV Schwab US Large-Cap Value | 9.27% | 1,135,506 | $33.6M | Reduce -1.2% |
| SCHF Schwab Intl Equity ETF | 8.11% | 1,223,587 | $29.4M | Add +0.2% |
| SCHG Schwab US Large-Cap Growth | 7.87% | 874,913 | $28.5M | Reduce -2.2% |
| AAPL Apple Inc. | 6.26% | 83,443 | $22.7M | Reduce -6.0% |
| AGG iShares Core U.S. Aggregate | 5.78% | 209,752 | $21.0M | Add +2.2% |
| SCHO Schwab Short-Term US Treas | 4.37% | 650,187 | $15.8M | Add +4.2% |
| JPM JPMorgan Chase & Co. | 3.63% | 40,840 | $13.2M | Reduce -8.4% |
| MSFT Microsoft Corp. | 3.40% | 25,494 | $12.3M | Reduce -3.2% |
| EPD Enterprise Products Partners | 2.73% | 309,009 | $9.9M | Reduce -2.1% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 2.43% | 268,831 | $8.8M | Add +0.2% |
| TSM Taiwan Semiconductor-SP ADR | 1.95% | 23,286 | $7.1M | Add +10.2% |
| SCHB Schwab US Broad Market ETF | 1.92% | 265,637 | $7.0M | Reduce -0.3% |
| NVDA Nvidia Corp. | 1.70% | 32,954 | $6.1M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.67% | 12,012 | $6.0M | Add +2.2% |
| UBER Uber Technologies Inc. | 1.45% | 64,511 | $5.3M | Reduce -9.2% |
| SCHA Schwab US Small-Cap ETF | 1.45% | 184,870 | $5.3M | Add +1.4% |
| AMZN Amazon.com Inc. | 1.30% | 20,440 | $4.7M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 1.19% | 13,826 | $4.3M | Reduce -2.3% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.85% | 80,740 | $3.1M | Reduce -0.4% |
| V Visa Inc. Class A | 0.82% | 8,466 | $3.0M | Reduce -0.3% |
| BX Blackstone Inc. | 0.82% | 19,216 | $3.0M | Reduce -1.0% |
| META Meta Platforms Inc. Class A | 0.71% | 3,873 | $2.6M | Add +0.4% |
| SCHH Schwab US REIT ETF | 0.66% | 115,158 | $2.4M | Add +4.1% |
| SCHZ Schwab US Aggregate Bond ETF | 0.63% | 97,032 | $2.3M | Add +2.0% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.62% | 33,141 | $2.2M | Add +2.9% |
| TSLA Tesla Inc. | 0.61% | 4,885 | $2.2M | Reduce -2.7% |
| IWM iShares Russell 2000 ETF | 0.58% | 8,470 | $2.1M | Reduce -0.0% |
| COST Costco Wholesale Corp. | 0.56% | 2,362 | $2.0M | Add +0.3% |
| NXPI NXP Semiconductors NV | 0.54% | 9,017 | $2.0M | Add +1.0% |
| ECL Ecolab Inc. | 0.49% | 6,811 | $1.8M | Add +0.9% |
| XLRE SS Real Estate Select Sector | 0.46% | 40,985 | $1.7M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.45% | 5,147 | $1.6M | No change |
| IWF iShares Russell 1000 Growth | 0.44% | 3,378 | $1.6M | Reduce -1.2% |
| MCO Moody's Corp. | 0.44% | 3,112 | $1.6M | Add +1.7% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.43% | 34,840 | $1.5M | Reduce -2.0% |
| SYK Stryker Corp. | 0.40% | 4,081 | $1.4M | Add +1.8% |
| ACN Accenture PLC Class A | 0.38% | 5,187 | $1.4M | Reduce -6.6% |
| TMO Thermo Fisher Scientific Inc. | 0.38% | 2,367 | $1.4M | Add +1.2% |
| NTIC Northern Technologies Intl | 0.37% | 171,047 | $1.3M | No change |
| IVV iShares Core S&P 500 ETF | 0.36% | 1,930 | $1.3M | Reduce -1.1% |
| PEP Pepsico Inc. | 0.36% | 9,116 | $1.3M | Add +2.0% |
| ITW Illinois Tool Works | 0.35% | 5,110 | $1.3M | Add +1.0% |
| DHR Danaher Corp. | 0.33% | 5,291 | $1.2M | Add +1.1% |
| KO The Coca-Cola Co. | 0.33% | 17,076 | $1.2M | Reduce -0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 1,696 | $1.2M | Reduce -21.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.30% | 21,359 | $1.1M | Reduce -1.7% |
| MMM 3M Co. | 0.30% | 6,702 | $1.1M | Reduce -2.6% |
| ADP Automatic Data Processing | 0.29% | 4,047 | $1.0M | Reduce -1.9% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.28% | 63,282 | $1.0M | No change |
| CMG Chipotle Mexican Grill Inc. | 0.26% | 25,319 | $937K | Reduce -5.6% |
| ORCL Oracle Corp. | 0.25% | 4,727 | $921K | Reduce -7.3% |
| ROP Roper Technologies Inc. | 0.25% | 2,057 | $916K | Add +1.6% |
| MDT Medtronic PLC | 0.24% | 9,004 | $865K | Reduce -0.4% |
| IWY iShares Russell Top 200 Grow | 0.23% | 2,969 | $822K | No change |
| BNDX Vanguard Total Intl Bond ETF | 0.22% | 16,621 | $803K | Add +3.2% |
| ADBE Adobe Inc. | 0.21% | 2,175 | $761K | Reduce -3.1% |
| HD Home Depot Inc. | 0.21% | 2,197 | $756K | Add +0.3% |
| WMT Walmart Inc. | 0.21% | 6,674 | $744K | Add +0.1% |
| JNJ Johnson & Johnson | 0.20% | 3,556 | $736K | Reduce -29.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 2,468 | $731K | Reduce -5.4% |
| AXP American Express Co. | 0.20% | 1,951 | $722K | Reduce -0.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.20% | 1,475 | $720K | Add +14.0% |
| MAR Marriott International Class A | 0.19% | 2,222 | $689K | Add +1.4% |
| XOM Exxon Mobil Corp. | 0.19% | 5,727 | $689K | Reduce -7.5% |
| GE General Electric filed as GE AEROSPACE | 0.19% | 2,235 | $688K | Reduce -0.2% |
| FAST Fastenal Co. | 0.19% | 16,756 | $672K | No change |
| CVX Chevron Corp. | 0.17% | 4,075 | $621K | Reduce -1.8% |
| NFLX Netflix Inc. | 0.16% | 6,170 | $578K | Reduce -0.3% |
| CP Canadian Pacific Kansas City | 0.14% | 7,082 | $521K | Add +1.0% |
| ABBV Abbvie Inc. | 0.14% | 2,162 | $494K | Reduce -5.1% |
| LLY Eli Lilly & Co. | 0.13% | 454 | $488K | Reduce -4.2% |
| PG The Procter & Gamble Co. | 0.13% | 3,401 | $487K | No change |
| HLT Hilton Worldwide Holdings Inc. | 0.12% | 1,564 | $449K | Reduce -1.6% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.12% | 17,479 | $443K | Reduce -0.4% |
| AMGN Amgen Inc. | 0.12% | 1,324 | $433K | Reduce -2.8% |
| LMT Lockheed Martin Corp. | 0.12% | 864 | $418K | No change |
| HON Honeywell International Inc. | 0.11% | 2,093 | $408K | Reduce -3.7% |
| CAT Caterpillar Inc. | 0.11% | 705 | $404K | Add +4.1% |
| CTAS Cintas Corp. | 0.11% | 2,119 | $399K | Reduce -6.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.10% | 2,472 | $380K | No change |
| UNH Unitedhealth Group Inc. | 0.10% | 1,142 | $377K | Add +11.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.10% | 4,184 | $374K | Reduce -5.9% |
| SHOP Shopify Inc. Class A | 0.10% | 2,322 | $374K | Add +5.0% |
| WM Waste Management Inc. | 0.10% | 1,579 | $347K | Add +5.0% |
| CSCO Cisco Systems Inc. | 0.09% | 4,398 | $339K | Reduce -1.7% |
| OGE Oge Energy Corp. | 0.09% | 7,889 | $337K | No change |
| IWX iShares Russell Top 200 Valu | 0.09% | 3,606 | $331K | No change |
| DCI Donaldson Co. Inc. | 0.09% | 3,736 | $331K | No change |
| SUB iShares Short-Term National | 0.09% | 3,094 | $330K | No change |
| LRCX Lam Research Corp. | 0.09% | 1,925 | $330K | Reduce -9.2% |
| MUB iShares National Muni Bond E | 0.09% | 3,075 | $329K | No change |
| CVS CVS Health Corp. | 0.09% | 4,042 | $321K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 5,489 | $302K | No change |
| XEL Xcel Energy Inc. | 0.08% | 4,065 | $300K | Add +0.1% |
| CMI Cummins Inc. | 0.08% | 582 | $297K | No change |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.08% | 2,775 | $296K | Reduce -6.5% |
| QCOM Qualcomm Inc. | 0.08% | 1,644 | $281K | New |
| SBUX Starbucks Corp. | 0.08% | 3,275 | $276K | Reduce -10.7% |
| GEV GE Vernova Inc. | 0.07% | 405 | $265K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| UBER Uber Technologies Inc. | Reduce -9.2% | 1.45% | −0.46 |
| MSFT Microsoft Corp. | Reduce -3.2% | 3.40% | −0.35 |
| JPM JPMorgan Chase & Co. | Reduce -8.4% | 3.63% | −0.25 |
| ORCL Oracle Corp. | Reduce -7.3% | 0.25% | −0.14 |
| BX Blackstone Inc. | Reduce -1.0% | 0.82% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -21.4% | 0.32% | −0.08 |
| LIN Linde PLC | Sold out | 0.00% | −0.07 |
| BSCS Invesco Bulletshares 2028 CB | Sold out | 0.00% | −0.06 |
| APOG Apogee Enterprises Inc. | Sold out | 0.00% | −0.06 |
| JNJ Johnson & Johnson | Reduce -29.8% | 0.20% | −0.06 |
| ADP Automatic Data Processing | Reduce -1.9% | 0.29% | −0.05 |
| NFLX Netflix Inc. | Reduce -0.3% | 0.16% | −0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -1.7% | 0.30% | −0.03 |
| SCHX Schwab US Large-Cap ETF | Reduce -2.6% | 9.44% | −0.03 |
| CMG Chipotle Mexican Grill Inc. | Reduce -5.6% | 0.26% | −0.03 |
| EDIV State Street SPDR S&P Emergi | Sold out | 0.00% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Sold out | 0.00% | −0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.02 |
| CTAS Cintas Corp. | Reduce -6.7% | 0.11% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -71.4% | 0.01% | −0.02 |
| VYMI Vanguard Int High DVD YLD Inc. | Sold out | 0.00% | −0.02 |
| HON Honeywell International Inc. | Reduce -3.7% | 0.11% | −0.01 |
| BSJQ Invesco Bulletshares 2026 HY | Sold out | 0.00% | −0.01 |
| TIPX SS SPDR BB 1-10YR Tips ETF | Sold out | 0.00% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Reduce -18.0% | 0.04% | −0.01 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -45.1% | 0.01% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -21.9% | 0.04% | −0.01 |
| SBUX Starbucks Corp. | Reduce -10.7% | 0.08% | −0.01 |
| NVDA Nvidia Corp. | Reduce -0.7% | 1.70% | −0.01 |
| ABBV Abbvie Inc. | Reduce -5.1% | 0.14% | −0.01 |
| TSLA Tesla Inc. | Reduce -2.7% | 0.61% | −0.01 |
| ADBE Adobe Inc. | Reduce -3.1% | 0.21% | −0.01 |
| XLF SS Financial Select Sector | Reduce -61.5% | 0.00% | −0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Sold out | 0.00% | −0.01 |
| MCD McDonald's Corp. | Reduce -10.6% | 0.06% | −0.01 |
| CVX Chevron Corp. | Reduce -1.8% | 0.17% | −0.01 |
| ABT Abbott Laboratories | Reduce -0.9% | 0.07% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -17.5% | 0.03% | −0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -6.5% | 0.08% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -5.9% | 0.10% | −0.00 |
| SPIB SS SPDR P Int C Corp. ETF | Sold out | 0.00% | −0.00 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -58.6% | 0.00% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -7.5% | 0.19% | −0.00 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -8.9% | 0.03% | −0.00 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -0.4% | 0.12% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -5.4% | 0.20% | −0.00 |
| IWV iShares Russell 3000 ETF | Reduce -6.4% | 0.01% | −0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.3% | 0.04% | −0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -2.7% | 0.02% | 0.00 |
| IWF iShares Russell 1000 Growth | Reduce -1.2% | 0.44% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| TSM Taiwan Semiconductor-SP ADR | Add +10.2% | 1.95% | +0.33 |
| SCHF Schwab Intl Equity ETF | Add +0.2% | 8.11% | +0.28 |
| SCHO Schwab Short-Term US Treas | Add +4.2% | 4.37% | +0.18 |
| AGG iShares Core U.S. Aggregate | Add +2.2% | 5.78% | +0.11 |
| QCOM Qualcomm Inc. | New | 0.08% | +0.08 |
| TMO Thermo Fisher Scientific Inc. | Add +1.2% | 0.38% | +0.07 |
| MU Micron Technology Inc. | New | 0.06% | +0.06 |
| SCHA Schwab US Small-Cap ETF | Add +1.4% | 1.45% | +0.05 |
| DHR Danaher Corp. | Add +1.1% | 0.33% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.2% | 1.67% | +0.04 |
| MCO Moody's Corp. | Add +1.7% | 0.44% | +0.04 |
| MAR Marriott International Class A | Add +1.4% | 0.19% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +14.0% | 0.20% | +0.03 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +2.9% | 0.62% | +0.02 |
| CAT Caterpillar Inc. | Add +4.1% | 0.11% | +0.02 |
| ITOT iShares Core S&P Total U.S. | Add +225.0% | 0.03% | +0.02 |
| WMT Walmart Inc. | Add +0.1% | 0.21% | +0.02 |
| PEP Pepsico Inc. | Add +2.0% | 0.36% | +0.02 |
| SHOP Shopify Inc. Class A | Add +5.0% | 0.10% | +0.01 |
| SPEM State Street SP PTF Em ETF | Add +102.0% | 0.02% | +0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Add +2.0% | 0.63% | +0.01 |
| XBI SS SPDR S&P Biotech ETF | New | 0.01% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +11.8% | 0.10% | +0.01 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | New | 0.01% | +0.01 |
| SCHH Schwab US REIT ETF | Add +4.1% | 0.66% | +0.01 |
| IVE iShares S&P 500 Value ETF | Add +28.5% | 0.03% | +0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +87.5% | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +12.3% | 0.03% | +0.00 |
| WM Waste Management Inc. | Add +5.0% | 0.10% | +0.00 |
| UNP Union Pacific Corp. | Add +8.1% | 0.06% | +0.00 |
| VYM Vanguard High DVD Yield ETF | Add +8.2% | 0.03% | +0.00 |
| SCHR Schwab Intermediate-Term US | Add +930.4% | 0.00% | +0.00 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +6.9% | 0.04% | +0.00 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | New | 0.00% | +0.00 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +32.6% | 0.01% | +0.00 |
| BNDX Vanguard Total Intl Bond ETF | Add +3.2% | 0.22% | +0.00 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 0.00% | +0.00 |
| VNQ Vanguard Real Estate ETF | Add +7.0% | 0.06% | +0.00 |
| SLYV SS SPDR S&P 600 SC Val ETF | Add +0.3% | 0.06% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +23.1% | 0.00% | +0.00 |
| SCHP Schwab U.S. Tips ETF | Add +2.5% | 0.05% | +0.00 |
| EAGG iShares ESG Aware US Aggrega | Add +1.7% | 0.02% | +0.00 |
| CP Canadian Pacific Kansas City | Add +1.0% | 0.14% | 0.00 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +0.1% | 0.03% | 0.00 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Add +2.7% | 0.00% | 0.00 |
| XEL Xcel Energy Inc. | Add +0.1% | 0.08% | −0.01 |
| SYK Stryker Corp. | Add +1.8% | 0.40% | −0.01 |
| ECL Ecolab Inc. | Add +0.9% | 0.49% | −0.02 |
| ITW Illinois Tool Works | Add +1.0% | 0.35% | −0.02 |
| XLRE SS Real Estate Select Sector | Add +0.2% | 0.46% | −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 |