Carlson Capital Management

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 11, 2024), Carlson Capital Management reported 106 stock positions worth $2.1 billion. Its top holding was Sequoia Global Value ETF (SFGV) at 40.6% of the portfolio, followed by Distillate US Fundamental St (DSTL, 13.0%) and Vanguard S/T Corp. Bond ETF (VCSH, 10.0%). Compared with Q1 2024, it opened 7 new positions, sold out of 4, added to 50 and reduced 31. The biggest buy was Vanguard Short-Term Bond ETF (BSV, shares +7%) and the biggest sale Dimensional International Hi (DIHP, shares −0%).

Most Recent 13F
Q4 2024
Location
NORTHFIELD, MN
CIK
0001581298
Portfolio Value
$2.1B (Q2 2024)
SEC Filing
0001581298-24-000004 ↗ filed Jul 11, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $2.1B Q1 2024 Q2 2024: $2.1B $2.1B Q2 2024 Q3 2024: $2.4B Q3 2024 Q4 2024: $2.3B Q4 2024

Holdings 106 stocks · $2.1B
SFGV Sequoia Global Value ETF 40.61% 31,982,180 $862.3M Add +1.9%
DSTL Distillate US Fundamental St 13.00% 5,372,545 $276.1M Add +0.5%
VCSH Vanguard S/T Corp. Bond ETF 10.00% 2,747,410 $212.3M Add +4.3%
BSV Vanguard Short-Term Bond ETF 6.91% 1,913,588 $146.8M Add +6.7%
DIHP Dimensional International Hi 4.72% 3,811,242 $100.3M Reduce -0.4%
COWZ Pacer US Cash Cows 100 ETF 4.20% 1,637,390 $89.2M Add +2.8%
AVUV Avantis US Small Cap Value 3.01% 711,756 $63.9M Add +3.2%
DFEM Dimensional Emrg MRKT Core 2.54% 2,016,008 $53.9M Add +3.5%
ICOW Pacer Developed Markets Inte 2.02% 1,415,846 $43.0M Add +0.1%
VTI VG Morningstar TS MKT ETF-US 1.86% 147,470 $39.4M Add +3.5%
AVDV Avantis Intl S/C Value ETF 1.65% 540,436 $35.1M Add +2.3%
VEA Vanguard Ftse Developed ETF 0.86% 370,834 $18.3M Add +0.5%
VGSH Vanguard Short-Term Treasury 0.82% 300,844 $17.4M Add +2.3%
VNQ Vanguard Real Estate ETF 0.81% 205,204 $17.2M Add +14.5%
UNH Unitedhealth Group Inc. 0.68% 28,317 $14.4M Reduce -2.5%
ACN Accenture PLC Class A 0.45% 31,303 $9.5M Reduce -0.0%
MSFT Microsoft Corp. 0.41% 19,386 $8.7M Add +0.0%
AAPL Apple Inc. 0.37% 37,452 $7.9M Reduce -3.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.37% 31,446 $7.8M Add +0.6%
AVRE Avantis Real Estate ETF 0.35% 177,969 $7.3M Reduce -10.7%
MMM 3M Co. 0.31% 64,824 $6.6M Reduce -1.6%
DFAT Dimensional US Target Value 0.22% 91,057 $4.7M Reduce -0.6%
IQLT iShares MSCI International Q 0.22% 117,156 $4.6M Reduce -3.3%
DFAR Dimensional US Real Est ETF 0.19% 187,263 $4.1M Reduce -4.9%
AVEM Avantis Emerging Markets Eq 0.19% 67,422 $4.1M Reduce -0.2%
SHW The Sherwin-Williams Co. 0.17% 11,995 $3.6M Reduce -19.3%
DFIV Dimensional International Va 0.14% 85,180 $3.1M Reduce -0.2%
DUHP Dimensional US High Profi Et 0.14% 92,219 $3.0M Reduce -3.9%
IAU iShares Gold Trust 0.12% 57,234 $2.5M No change
TSLA Tesla Inc. 0.11% 11,550 $2.3M Add +1.9%
LLY Eli Lilly & Co. 0.10% 2,391 $2.2M Add +0.2%
HBAN Huntington Bancshares Inc. 0.10% 162,883 $2.1M No change
GGG Graco Inc. 0.10% 26,499 $2.1M No change
VWO Vanguard Ftse Emerging Marke 0.09% 45,677 $2.0M Reduce -1.0%
BRK.B Berkshire Hathaway Inc. Class B 0.09% 4,701 $1.9M Add +0.0%
AMZN Amazon.com Inc. 0.08% 9,278 $1.8M Add +0.9%
DFUV Dimensional US Marketwide Va 0.08% 40,597 $1.6M Reduce -2.2%
ABNB Airbnb Inc. Class A 0.06% 8,855 $1.3M Add +0.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 7,759 $1.2M Reduce -0.8%
VIG Vanguard Dividend Apprec ETF 0.06% 6,788 $1.2M Add +0.8%
IWO iShares Russell 2000 Growth 0.06% 4,501 $1.2M No change
DFSU Dimensional US Sus CORE1 ETF 0.05% 33,264 $1.2M Add +1.3%
HON Honeywell International Inc. 0.05% 5,365 $1.1M Add +0.0%
XOM Exxon Mobil Corp. 0.05% 9,619 $1.1M Add +6.3%
AVGO Broadcom Inc. 0.05% 660 $1.1M Reduce -0.1%
IEFA iShares Core MSCI Eafe ETF 0.05% 13,757 $999K Reduce -0.5%
GOOGL Alphabet Inc. Class A 0.05% 5,327 $970K Add +0.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.05% 5,269 $962K Reduce -6.5%
MCK McKesson Corp. 0.04% 1,633 $954K Add +0.2%
HRB H&R Block Inc. filed as BLOCK H & R INC 0.04% 17,400 $944K No change
TGT Target Corp. 0.04% 6,267 $928K Add +0.6%
FUL H.B. Fuller Co. filed as FULLER H B CO 0.04% 11,743 $904K Reduce -1.6%
META Meta Platforms Inc. Class A 0.04% 1,724 $869K Add +0.3%
GOOG Alphabet Inc. Class C 0.04% 4,738 $869K Add +0.6%
SOLV Solventum Corp. 0.04% 15,818 $836K Reduce -3.9%
VB Vanguard Most SM-Cap ETF-Usd 0.04% 3,780 $824K Add +4.1%
ABT Abbott Laboratories 0.04% 7,623 $792K Add +0.2%
QQQ Invesco QQQ Trust Series 1 0.04% 1,569 $752K Add +2.9%
NVDA Nvidia Corp. 0.03% 5,791 $715K Add +62.7%
ITOT iShares Core S&P Total U.S. 0.03% 5,964 $708K Reduce -10.8%
SCHX Schwab US Large-Cap ETF 0.03% 11,017 $708K Reduce -34.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 1,296 $705K Add +0.5%
SUB iShares Short-Term National 0.03% 6,520 $682K Add +60.8%
WFC Wells Fargo & Co. 0.03% 11,396 $677K Add +0.4%
DLS Wisdomtree Intl S/C DVD Fund 0.03% 10,641 $675K Reduce -13.9%
COST Costco Wholesale Corp. 0.03% 781 $663K Add +0.1%
DHR Danaher Corp. 0.03% 2,373 $593K Add +0.1%
DFSI Dimensional Int Sus COR1 ETF 0.03% 17,745 $585K Add +4.5%
BSX Boston Scientific Corp. 0.03% 7,396 $570K Add +1.1%
DFAS Dimensional US Small Cap ETF 0.03% 9,240 $555K Reduce -0.7%
USB US Bancorp 0.03% 13,684 $543K No change
WTV Wisdomtree U.S. Value Fund 0.02% 7,198 $525K Reduce -5.5%
CHRW C.H. Robinson Worldwide Inc. 0.02% 5,962 $525K No change
PEP Pepsico Inc. 0.02% 3,185 $525K Add +0.4%
JNJ Johnson & Johnson 0.02% 3,529 $516K Add +6.5%
WMT Walmart Inc. 0.02% 7,365 $499K Add +0.3%
SCHF Schwab Intl Equity ETF 0.02% 12,896 $495K Reduce -30.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.02% 1,297 $485K No change
MAR Marriott International Class A 0.02% 1,966 $475K Add +0.4%
BMI Badger Meter Inc. 0.02% 2,550 $475K No change
EFV iShares MSCI Eafe Value ETF 0.02% 7,720 $409K Reduce -7.1%
SLYV SS SPDR S&P 600 SC Val ETF 0.02% 4,871 $381K No change
QUAL iShares MSCI USA Quality Fac 0.02% 2,062 $352K No change
UNP Union Pacific Corp. 0.02% 1,483 $336K No change
IYT iShares US Transportation Et 0.02% 4,923 $322K No change
GWX State Street SPDR S&P Intern 0.01% 8,704 $276K Add +1.7%
DSTX Distillate International Fun 0.01% 11,696 $274K Add +0.1%
FAST Fastenal Co. 0.01% 4,246 $267K No change
DFUS Dimensional US Eq MKT ETF 0.01% 4,432 $261K No change
VOO Vanguard S&P 500 ETF 0.01% 513 $257K New
CVX Chevron Corp. 0.01% 1,619 $253K New
OXY Occidental Petroleum Corp. 0.01% 3,960 $250K Add +0.3%
SMCI Super Micro Computer Inc. 0.01% 300 $246K Reduce -40.0%
SCHO Schwab Short-Term US Treas 0.01% 4,817 $232K Reduce -0.1%
V Visa Inc. Class A 0.01% 817 $214K Add +2.9%
SCHG Schwab US Large-Cap Growth 0.01% 2,118 $214K New
GLD SPDR Gold Shares 0.01% 990 $213K No change
JPM JPMorgan Chase & Co. 0.01% 1,046 $211K New
DFSE Dimensional Em Sus CORE1 ETF 0.01% 6,267 $210K New
LMT Lockheed Martin Corp. 0.01% 444 $207K No change

Show all 106 holdings

Portfolio Sells Q1 2024 → Q2 2024
DIHP Dimensional International Hi Reduce -0.4% 4.72% −0.14
SHW The Sherwin-Williams Co. Reduce -19.3% 0.17% −0.07
ACN Accenture PLC Class A Reduce -0.0% 0.45% −0.06
AVRE Avantis Real Estate ETF Reduce -10.7% 0.35% −0.05
MMM 3M Co. Reduce -1.6% 0.31% −0.02
AMD Advanced Micro Devices Sold out 0.00% −0.02
SCHX Schwab US Large-Cap ETF Reduce -34.0% 0.03% −0.02
DFAR Dimensional US Real Est ETF Reduce -4.9% 0.19% −0.01
DFAT Dimensional US Target Value Reduce -0.6% 0.22% −0.01
SMCI Super Micro Computer Inc. Reduce -40.0% 0.01% −0.01
IQLT iShares MSCI International Q Reduce -3.3% 0.22% −0.01
SCHF Schwab Intl Equity ETF Reduce -30.6% 0.02% −0.01
VSS Vanguard Ftse All Wo X-US SC Sold out 0.00% −0.01
IBM Intl Business Machines Corp. Sold out 0.00% −0.01
DLS Wisdomtree Intl S/C DVD Fund Reduce -13.9% 0.03% −0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -6.5% 0.05% −0.01
DFUV Dimensional US Marketwide Va Reduce -2.2% 0.08% −0.01
DUHP Dimensional US High Profi Et Reduce -3.9% 0.14% −0.00
DFIV Dimensional International Va Reduce -0.2% 0.14% −0.00
ITOT iShares Core S&P Total U.S. Reduce -10.8% 0.03% −0.00
FUL H.B. Fuller Co. Reduce -1.6% 0.04% −0.00
WTV Wisdomtree U.S. Value Fund Reduce -5.5% 0.02% −0.00
EFV iShares MSCI Eafe Value ETF Reduce -7.1% 0.02% −0.00
KRMD Koru Medical Systems Inc. Sold out 0.00% −0.00
SOLV Solventum Corp. Reduce -3.9% 0.04% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.8% 0.06% −0.00
IEFA iShares Core MSCI Eafe ETF Reduce -0.5% 0.05% −0.00
DFAS Dimensional US Small Cap ETF Reduce -0.7% 0.03% −0.00
XEL Xcel Energy Inc. Reduce -3.6% 0.01% −0.00
SCHO Schwab Short-Term US Treas Reduce -0.1% 0.01% 0.00
UNH Unitedhealth Group Inc. Reduce -2.5% 0.68% +0.00
VWO Vanguard Ftse Emerging Marke Reduce -1.0% 0.09% +0.00
AVGO Broadcom Inc. Reduce -0.1% 0.05% +0.01
AVEM Avantis Emerging Markets Eq Reduce -0.2% 0.19% +0.01
AAPL Apple Inc. Reduce -3.6% 0.37% +0.06

Portfolio Buys Q1 2024 → Q2 2024
BSV Vanguard Short-Term Bond ETF Add +6.7% 6.91% +0.42
VCSH Vanguard S/T Corp. Bond ETF Add +4.3% 10.00% +0.38
DFEM Dimensional Emrg MRKT Core Add +3.5% 2.54% +0.20
VTI VG Morningstar TS MKT ETF-US Add +3.5% 1.86% +0.11
VNQ Vanguard Real Estate ETF Add +14.5% 0.81% +0.08
MSFT Microsoft Corp. Add +0.0% 0.41% +0.02
NVDA Nvidia Corp. Add +62.7% 0.03% +0.02
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +0.6% 0.37% +0.02
VGSH Vanguard Short-Term Treasury Add +2.3% 0.82% +0.02
LLY Eli Lilly & Co. Add +0.2% 0.10% +0.01
TSLA Tesla Inc. Add +1.9% 0.11% +0.01
SUB iShares Short-Term National Add +60.8% 0.03% +0.01
VOO Vanguard S&P 500 ETF New 0.01% +0.01
CVX Chevron Corp. New 0.01% +0.01
AVDV Avantis Intl S/C Value ETF Add +2.3% 1.65% +0.01
SCHG Schwab US Large-Cap Growth New 0.01% +0.01
JPM JPMorgan Chase & Co. New 0.01% +0.01
DFSE Dimensional Em Sus CORE1 ETF New 0.01% +0.01
MCD McDonald's Corp. New 0.01% +0.01
GOOGL Alphabet Inc. Class A Add +0.1% 0.05% +0.01
GOOG Alphabet Inc. Class C Add +0.6% 0.04% +0.01
AMZN Amazon.com Inc. Add +0.9% 0.08% +0.01
COST Costco Wholesale Corp. Add +0.1% 0.03% +0.00
MCK McKesson Corp. Add +0.2% 0.04% +0.00
QQQ Invesco QQQ Trust Series 1 Add +2.9% 0.04% +0.00
BSX Boston Scientific Corp. Add +1.1% 0.03% +0.00
WMT Walmart Inc. Add +0.3% 0.02% +0.00
XOM Exxon Mobil Corp. Add +6.3% 0.05% +0.00
HON Honeywell International Inc. Add +0.0% 0.05% +0.00
META Meta Platforms Inc. Class A Add +0.3% 0.04% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.5% 0.03% +0.00
DFSU Dimensional US Sus CORE1 ETF Add +1.3% 0.05% +0.00
IBRX Immunitybio Inc. Add +4.5% 0.01% +0.00
WFC Wells Fargo & Co. Add +0.4% 0.03% +0.00
AMARIN CORP PLC New 0.00% +0.00
DFSI Dimensional Int Sus COR1 ETF Add +4.5% 0.03% +0.00
VIG Vanguard Dividend Apprec ETF Add +0.8% 0.06% +0.00
PGR Progressive Corp. Add +0.5% 0.01% +0.00
DHR Danaher Corp. Add +0.1% 0.03% 0.00
GWX State Street SPDR S&P Intern Add +1.7% 0.01% −0.00
JNJ Johnson & Johnson Add +6.5% 0.02% −0.00
OXY Occidental Petroleum Corp. Add +0.3% 0.01% −0.00
VB Vanguard Most SM-Cap ETF-Usd Add +4.1% 0.04% −0.00
V Visa Inc. Class A Add +2.9% 0.01% −0.00
DSTX Distillate International Fun Add +0.1% 0.01% −0.00
MAR Marriott International Class A Add +0.4% 0.02% −0.00
PEP Pepsico Inc. Add +0.4% 0.02% −0.00
BRK.B Berkshire Hathaway Inc. Class B Add +0.0% 0.09% −0.00
ABT Abbott Laboratories Add +0.2% 0.04% −0.00
ABNB Airbnb Inc. Class A Add +0.3% 0.06% −0.01

Options Activity Q1 2024 → Q2 2024
SWN Southwestern Energy Co. call Sold out 12,000 $21Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2024 112$2.3BSFGV, DSTL, VCSH, BSV, DIHP
Q3 2024 115$2.4BSFGV, DSTL, VCSH, BSV, DIHP
Q2 2024 106$2.1BSFGV, DSTL, VCSH, BSV, DIHP
Q1 2024 102$2.1BSFGV, DSTL, VCSH, BSV, DIHP