Boulay Financial Advisors, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Boulay Financial Advisors, LLC reported 5 stock positions worth $871.3 million. Its top holding was Schwab Fndmntl US LRG Co. ETF (FNDX) at 30.6% of the portfolio, followed by Vaneck Morningstar Wide Moat (MOAT, 24.6%) and iShares Russell Top 200 Grow (IWY, 17.4%). Compared with Q4 2025, it opened 1 new position, sold out of 1 and added to 4. The biggest buy was a new position in Columbia Em Core Ex-China (XCEM) and the biggest sale an exit from Running Oak Efficient GR ETF (RUNN).

Most Recent 13F
Q2 2026
Location
EDEN PRAIRIE, MN
CIK
0002056342
Portfolio Value
$871.3M (Q1 2026)
SEC Filing
0002056342-26-000002 ↗ filed May 13, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2025: $299.3M Q1 2025 Q2 2025: $663.0M Q2 2025 Q3 2025: $712.4M Q3 2025 Q4 2025: $850.5M Q4 2025 Q1 2026: $871.3M $871.3M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 5 stocks · $871.3M
FNDX Schwab Fndmntl US LRG Co. ETF 30.58% 9,567,867 $266.5M Add +4.8%
MOAT Vaneck Morningstar Wide Moat 24.64% 2,220,212 $214.7M Add +4.1%
IWY iShares Russell Top 200 Grow 17.42% 610,081 $151.8M Add +3.5%
FNDF Schwab Fndmn Intl LRG Co. ETF 15.30% 2,725,199 $133.3M Add +10.7%
XCEM Columbia Em Core Ex-China 12.05% 2,572,904 $105.0M New

Portfolio Sells Q4 2025 → Q1 2026
RUNN Running Oak Efficient GR ETF Sold out 0.00% −12.56

Portfolio Buys Q4 2025 → Q1 2026
XCEM Columbia Em Core Ex-China New 12.05% +12.05
FNDF Schwab Fndmn Intl LRG Co. ETF Add +10.7% 15.30% +2.22
FNDX Schwab Fndmntl US LRG Co. ETF Add +4.8% 30.58% +1.38
MOAT Vaneck Morningstar Wide Moat Add +4.1% 24.64% −1.33
IWY iShares Russell Top 200 Grow Add +3.5% 17.42% −1.76

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$1.1BFNDX, MOAT, IWY, FNDF, XCEM
Q1 2026 5$871.3MFNDX, MOAT, IWY, FNDF, XCEM
Q4 2025 5$850.5MFNDX, MOAT, IWY, FNDF, RUNN
Q3 2025 4$712.4MFNDX, MOAT, IWY, RUNN
Q2 2025Amended 4$663.0MFNDX, MOAT, IWY, RUNN
Q1 2025 2$299.3MMOAT, FNDX