Cherry Tree Wealth Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 1, 2024), Cherry Tree Wealth Management, LLC reported 595 stock positions worth $397.6 million. Its top holding was SS SPDR P Int C Corp. ETF (SPIB) at 5.9% of the portfolio, followed by Vanguard Total Bond Market (BND, 5.2%) and SS SPDR P St C Corp. ETF (SPSB, 4.7%). Compared with Q4 2023, it opened 36 new positions, sold out of 33, added to 98 and reduced 75. The biggest buy was iShares Ibonds Dec 2029 Term (IBDU, shares +75%) and the biggest sale SS SPDR P St C Corp. ETF (SPSB, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001985414
- Portfolio Value
- $397.6M (Q1 2024)
- SEC Filing
- 0001985414-24-000002 ↗ filed May 1, 2024
Holdings Value
Holdings 595 stocks · $397.6M
| SPIB SS SPDR P Int C Corp. ETF | 5.88% | 715,032 | $23.4M | Add +5.2% |
| BND Vanguard Total Bond Market | 5.15% | 281,969 | $20.5M | Add +2.5% |
| SPSB SS SPDR P St C Corp. ETF | 4.71% | 629,454 | $18.7M | Reduce -0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.16% | 101,480 | $16.5M | Reduce -0.8% |
| VEA Vanguard Ftse Developed ETF | 3.25% | 257,870 | $12.9M | Add +8.5% |
| VYM Vanguard High DVD Yield ETF | 3.05% | 100,246 | $12.1M | Add +3.7% |
| IVV iShares Core S&P 500 ETF | 3.03% | 22,939 | $12.1M | Reduce -2.2% |
| FLRN SS SPDR BB Ig Float RT ETF | 2.90% | 373,425 | $11.5M | Reduce -3.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.89% | 59,881 | $11.5M | Add +2.3% |
| DFAC Dimensional US Core Equity 2 | 2.83% | 352,816 | $11.3M | Reduce -0.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.60% | 133,562 | $10.3M | Add +0.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.34% | 40,786 | $9.3M | Add +4.7% |
| BSV Vanguard Short-Term Bond ETF | 2.23% | 115,526 | $8.9M | Add +1.7% |
| VEU Vanguard Ftse All-World Ex-U | 2.18% | 147,574 | $8.7M | Add +1.0% |
| VTIP Vanguard Short-Term Tips | 2.11% | 175,596 | $8.4M | Reduce -1.8% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.92% | 213,829 | $7.6M | Add +4.5% |
| SPLV Invesco S&P 500 Low Volatili | 1.78% | 107,328 | $7.1M | Reduce -5.3% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 1.64% | 183,476 | $6.5M | Add +5.5% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.58% | 91,386 | $6.3M | Reduce -0.5% |
| DFUV Dimensional US Marketwide Va | 1.58% | 153,266 | $6.3M | Reduce -0.8% |
| PGX Invesco Preferred ETF | 1.49% | 499,824 | $5.9M | Add +0.3% |
| TITN Titan Machinery Inc. | 1.47% | 235,529 | $5.8M | No change |
| DFAT Dimensional US Target Value | 1.44% | 104,862 | $5.7M | Reduce -3.7% |
| VWO Vanguard Ftse Emerging Marke | 1.29% | 122,396 | $5.1M | Add +0.9% |
| VXUS Vanguard Total Intl Stock | 1.25% | 82,707 | $5.0M | Reduce -1.3% |
| VNQ Vanguard Real Estate ETF | 1.12% | 51,323 | $4.4M | Add +2.2% |
| AVLV Avantis US Large Cap Value | 1.06% | 65,604 | $4.2M | Add +4.4% |
| AVEM Avantis Emerging Markets Eq | 0.92% | 63,346 | $3.7M | Add +6.5% |
| MSFT Microsoft Corp. | 0.90% | 8,525 | $3.6M | Add +2.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.90% | 13,692 | $3.6M | Reduce -0.5% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.87% | 138,902 | $3.5M | Add +38.0% |
| SCHF Schwab Intl Equity ETF | 0.84% | 86,041 | $3.4M | Add +1.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.79% | 61,800 | $3.1M | Add +18.2% |
| AGG iShares Core U.S. Aggregate | 0.78% | 31,841 | $3.1M | Reduce -2.3% |
| RSP Invesco S&P 500 Equal Weight | 0.78% | 18,213 | $3.1M | Add +26.5% |
| AVUV Avantis US Small Cap Value | 0.73% | 30,875 | $2.9M | Add +15.1% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.66% | 110,770 | $2.6M | Add +32.6% |
| VGIT Vanguard Intermediate-Term T | 0.65% | 43,983 | $2.6M | Reduce -2.0% |
| SCHB Schwab US Broad Market ETF | 0.64% | 41,499 | $2.5M | Reduce -0.3% |
| AAPL Apple Inc. | 0.63% | 14,675 | $2.5M | Reduce -1.9% |
| DFAX Dimensional World Ex US Core | 0.61% | 94,803 | $2.4M | Reduce -0.6% |
| IBDU iShares Ibonds Dec 2029 Term | 0.57% | 99,917 | $2.3M | Add +74.8% |
| DFGR Dim Global Real Estate ETF | 0.52% | 81,321 | $2.1M | Add +11.8% |
| ITOT iShares Core S&P Total U.S. | 0.50% | 17,150 | $2.0M | Reduce -0.2% |
| IBDP iShares Ibonds Dec 2024 Term | 0.49% | 77,498 | $1.9M | Add +5.8% |
| VOO Vanguard S&P 500 ETF | 0.47% | 3,913 | $1.9M | Add +54.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 3,512 | $1.8M | No change |
| JEPI JPMorgan Equity Premium Inco | 0.46% | 31,413 | $1.8M | Add +0.1% |
| EMR Emerson Electric Co. | 0.44% | 15,361 | $1.7M | No change |
| DHS Wisdomtree US High Dividend | 0.43% | 19,528 | $1.7M | Reduce -7.2% |
| SCHZ Schwab US Aggregate Bond ETF | 0.42% | 36,218 | $1.7M | Add +5.8% |
| IBTE iShares Ibonds Dec 2024 Term | 0.39% | 65,595 | $1.6M | Add +3.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.38% | 20,197 | $1.5M | Add +0.9% |
| DFAS Dimensional US Small Cap ETF | 0.37% | 23,332 | $1.5M | Reduce -0.7% |
| SCHX Schwab US Large-Cap ETF | 0.35% | 22,213 | $1.4M | Add +5.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.34% | 16,198 | $1.4M | Reduce -6.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.34% | 3,912 | $1.3M | Reduce -2.7% |
| VSS Vanguard Ftse All Wo X-US SC | 0.33% | 11,381 | $1.3M | Add +3.8% |
| MDT Medtronic PLC | 0.33% | 15,135 | $1.3M | No change |
| LLY Eli Lilly & Co. | 0.30% | 1,521 | $1.2M | No change |
| DFIV Dimensional International Va | 0.30% | 31,949 | $1.2M | Reduce -0.8% |
| SKOR NT Crdscr US Corp. BD ETF | 0.29% | 24,535 | $1.2M | Reduce -2.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.27% | 17,438 | $1.1M | No change |
| PFF iShares Preferred & Income S | 0.25% | 31,367 | $1.0M | No change |
| IBDQ iShares Ibonds Dec 2025 Term | 0.25% | 40,400 | $1.0M | Add +12.5% |
| IBDR iShares Ibonds Dec 2026 Term | 0.24% | 39,212 | $935K | Add +5.6% |
| MUB iShares National Muni Bond E | 0.23% | 8,463 | $911K | No change |
| MMM 3M Co. | 0.23% | 8,467 | $898K | Reduce -2.3% |
| ESGV Vanguard ESG US Stock ETF | 0.22% | 9,474 | $883K | Reduce -4.2% |
| IEMG iShares Core MSCI Emerging | 0.22% | 16,794 | $867K | Reduce -5.4% |
| DFCF Dimensional Core Fixed Inc. | 0.21% | 20,140 | $845K | Add +9.6% |
| JPST JPMorgan Ultra-Short Income | 0.21% | 16,693 | $842K | Reduce -1.0% |
| DNP DNP Select Income Fund Inc. | 0.18% | 79,355 | $720K | No change |
| USB US Bancorp | 0.16% | 14,661 | $655K | Reduce -1.6% |
| IWM iShares Russell 2000 ETF | 0.16% | 3,051 | $642K | Reduce -4.1% |
| JPM JPMorgan Chase & Co. | 0.16% | 3,139 | $629K | Add +0.6% |
| AXP American Express Co. | 0.15% | 2,675 | $609K | No change |
| PG The Procter & Gamble Co. | 0.15% | 3,738 | $606K | Reduce -3.0% |
| NVDA Nvidia Corp. | 0.15% | 657 | $594K | Add +208.4% |
| STPZ PIMCO 1-5 Year US Tips Index | 0.14% | 10,925 | $563K | No change |
| IXUS iShares Core Intl Stock ETF | 0.14% | 8,202 | $557K | No change |
| QUAL iShares MSCI USA Quality Fac | 0.14% | 3,320 | $546K | Add +11.5% |
| EFV iShares MSCI Eafe Value ETF | 0.14% | 9,994 | $544K | Reduce -0.0% |
| HRL Hormel Foods Corp. | 0.13% | 15,226 | $531K | No change |
| IJR iShares Core S&P Small-Cap E | 0.13% | 4,562 | $504K | No change |
| EEMV iShares MSCI Emg MKT Min Vol | 0.13% | 8,888 | $503K | Reduce -6.6% |
| FLOT iShares Floating Rate Bond E | 0.12% | 9,725 | $497K | Add +0.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.12% | 9,628 | $494K | Reduce -12.1% |
| VPU Vanguard Utilities ETF | 0.12% | 3,397 | $484K | Reduce -10.1% |
| SHY iShares 1-3 Year Treasury Bo | 0.12% | 5,784 | $473K | Add +2.1% |
| SUB iShares Short-Term National | 0.12% | 4,504 | $472K | Reduce -9.6% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.12% | 6,573 | $466K | Reduce -10.3% |
| VIG Vanguard Dividend Apprec ETF | 0.12% | 2,537 | $463K | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.11% | 1,898 | $455K | No change |
| GDX Vaneck Gold Miners ETF | 0.11% | 14,168 | $448K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.11% | 6,636 | $436K | Reduce -4.6% |
| PEP Pepsico Inc. | 0.11% | 2,456 | $430K | No change |
| GGG Graco Inc. | 0.11% | 4,578 | $428K | No change |
| AMZN Amazon.com Inc. | 0.10% | 2,311 | $417K | Add +33.2% |
| TDTT NT Iboxx 3Y Dur Tips ETF | 0.10% | 17,400 | $413K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| SPSB SS SPDR P St C Corp. ETF | Reduce -0.2% | 4.71% | −0.31 |
| FLRN SS SPDR BB Ig Float RT ETF | Reduce -3.4% | 2.90% | −0.27 |
| VTIP Vanguard Short-Term Tips | Reduce -1.8% | 2.11% | −0.15 |
| AAPL Apple Inc. | Reduce -1.9% | 0.63% | −0.14 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -5.3% | 1.78% | −0.12 |
| DFAT Dimensional US Target Value | Reduce -3.7% | 1.44% | −0.09 |
| AGG iShares Core U.S. Aggregate | Reduce -2.3% | 0.78% | −0.08 |
| VGIT Vanguard Intermediate-Term T | Reduce -2.0% | 0.65% | −0.06 |
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -0.5% | 1.58% | −0.05 |
| VXUS Vanguard Total Intl Stock | Reduce -1.3% | 1.25% | −0.04 |
| DHS Wisdomtree US High Dividend | Reduce -7.2% | 0.43% | −0.04 |
| SKOR NT Crdscr US Corp. BD ETF | Reduce -2.8% | 0.29% | −0.03 |
| MMM 3M Co. | Reduce -2.3% | 0.23% | −0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -12.1% | 0.12% | −0.03 |
| AMGN Amgen Inc. | Reduce -37.2% | 0.04% | −0.03 |
| DES Wisdomtree US Smallcap Divid | Reduce -16.4% | 0.10% | −0.03 |
| VNQI Vanguard GLBL Ex-US Real Est | Reduce -13.8% | 0.09% | −0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -5.4% | 0.22% | −0.02 |
| SUB iShares Short-Term National | Reduce -9.6% | 0.12% | −0.02 |
| TIP iShares Tips Bond ETF | Reduce -99.6% | 0.00% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -6.4% | 0.34% | −0.02 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -10.3% | 0.12% | −0.02 |
| SMB Vaneck Short Muni ETF | Reduce -16.6% | 0.06% | −0.02 |
| VPU Vanguard Utilities ETF | Reduce -10.1% | 0.12% | −0.02 |
| DFAX Dimensional World Ex US Core | Reduce -0.6% | 0.61% | −0.02 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -6.6% | 0.13% | −0.01 |
| JPST JPMorgan Ultra-Short Income | Reduce -1.0% | 0.21% | −0.01 |
| IWN iShares Russell 2000 Value E | Reduce -17.9% | 0.05% | −0.01 |
| IDV iShares International Select | Reduce -5.8% | 0.09% | −0.01 |
| NKE Nike Inc. Class B | Reduce -5.1% | 0.03% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -4.1% | 0.16% | −0.01 |
| DFAE Dimensional Emerging Core Eq | Reduce -4.6% | 0.10% | −0.01 |
| DFAS Dimensional US Small Cap ETF | Reduce -0.7% | 0.37% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -4.6% | 0.11% | −0.01 |
| DISV Dimensional International SM | Reduce -7.6% | 0.09% | −0.01 |
| USB US Bancorp | Reduce -1.6% | 0.16% | −0.01 |
| DLS Wisdomtree Intl S/C DVD Fund | Reduce -4.5% | 0.08% | −0.01 |
| IWP iShares Russell Mid-Cap Grow | Reduce -8.9% | 0.09% | −0.01 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -4.7% | 0.05% | −0.01 |
| DVYE iShares Emerging Markets Div | Reduce -60.1% | 0.00% | −0.01 |
| KMI Kinder Morgan Inc. | Reduce -3.0% | 0.09% | −0.00 |
| WOOD iShares Global Timber & Fore | Reduce -9.1% | 0.03% | −0.00 |
| ECL Ecolab Inc. | Reduce -92.2% | 0.00% | −0.00 |
| EEM iShares MSCI Emerging Market | Reduce -6.9% | 0.03% | −0.00 |
| AAXJ iShares MSCI All Country Asi | Reduce -4.5% | 0.03% | −0.00 |
| UNP Union Pacific Corp. | Reduce -5.0% | 0.02% | −0.00 |
| ESGV Vanguard ESG US Stock ETF | Reduce -4.2% | 0.22% | −0.00 |
| DOL Wisdomtree TR DVLP Intnl-Usd | Reduce -17.3% | 0.01% | −0.00 |
| EFV iShares MSCI Eafe Value ETF | Reduce -0.0% | 0.14% | −0.00 |
| PH Parker Hannifin Corp. | Reduce -33.3% | 0.01% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| IBDU iShares Ibonds Dec 2029 Term | Add +74.8% | 0.57% | +0.22 |
| VEA Vanguard Ftse Developed ETF | Add +8.5% | 3.25% | +0.21 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +38.0% | 0.87% | +0.20 |
| VOO Vanguard S&P 500 ETF | Add +54.6% | 0.47% | +0.18 |
| RSP Invesco S&P 500 Equal Weight | Add +26.5% | 0.78% | +0.17 |
| VYM Vanguard High DVD Yield ETF | Add +3.7% | 3.05% | +0.17 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +32.6% | 0.66% | +0.13 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +4.7% | 2.34% | +0.12 |
| NVDA Nvidia Corp. | Add +208.4% | 0.15% | +0.12 |
| AVLV Avantis US Large Cap Value | Add +4.4% | 1.06% | +0.09 |
| AVUV Avantis US Small Cap Value | Add +15.1% | 0.73% | +0.08 |
| BSCW Invesco Bulletshares 2032 CB | New | 0.08% | +0.08 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +2.3% | 2.89% | +0.07 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +18.2% | 0.79% | +0.07 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +4.5% | 1.92% | +0.07 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +3443.6% | 0.07% | +0.07 |
| BSCV Invesco Bulletshares 2031 CB | New | 0.06% | +0.06 |
| MSFT Microsoft Corp. | Add +2.0% | 0.90% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +119.8% | 0.09% | +0.05 |
| AMZN Amazon.com Inc. | Add +33.2% | 0.10% | +0.03 |
| SCHX Schwab US Large-Cap ETF | Add +5.4% | 0.35% | +0.03 |
| AVEM Avantis Emerging Markets Eq | Add +6.5% | 0.92% | +0.03 |
| IBDX iShares Ibonds Dec 2032 TC | New | 0.02% | +0.02 |
| NVDL Granitesh 2X LNG Nvda ETF | New | 0.02% | +0.02 |
| SMH Vaneck Semiconductor ETF | Add +4100.0% | 0.02% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | Add +11.5% | 0.14% | +0.02 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +52.4% | 0.06% | +0.02 |
| DFGR Dim Global Real Estate ETF | Add +11.8% | 0.52% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +0.6% | 0.16% | +0.02 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Add +5.5% | 1.64% | +0.02 |
| DFAI Dimensional International Co. | Add +29.1% | 0.07% | +0.02 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +12.5% | 0.25% | +0.01 |
| SCHD Schwab US DVD Equity ETF | Add +14.1% | 0.10% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.01% | +0.01 |
| TGT Target Corp. | Add +0.1% | 0.07% | +0.01 |
| NUBD Nuveen ESG US Aggregate Bond | Add +19.8% | 0.10% | +0.01 |
| IBHH iShares Ibonds 2028 TM HY Inc. | New | 0.01% | +0.01 |
| XC Wisdomtree True Emerging Mar | New | 0.01% | +0.01 |
| IBM Intl Business Machines Corp. | Add +11.4% | 0.05% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.01% | +0.01 |
| IBTF iShares Ibonds Dec 2025 Term | Add +16.6% | 0.08% | +0.01 |
| ADM Archer-Daniels-Midland Co. | New | 0.01% | +0.01 |
| NOBL Proshares S&P 500 Dividend A | Add +16.7% | 0.05% | +0.01 |
| AVDV Avantis Intl S/C Value ETF | Add +18.6% | 0.04% | +0.01 |
| WMT Walmart Inc. | Add +1.5% | 0.06% | +0.01 |
| NFLX Netflix Inc. | Add +2.8% | 0.03% | +0.00 |
| EWJ iShares MSCI Japan ETF | Add +164.6% | 0.01% | +0.00 |
| MU Micron Technology Inc. | New | 0.00% | +0.00 |
| IBTO iShares Ibonds Dec 2033 Tres | New | 0.00% | +0.00 |
| IBTM iShares Ibnds Dec 2032 TT | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 594 | $531.5M | SPIB, SPSB, VEA, BND, VTV |
| Q1 2026 | 582 | $472.7M | SPIB, SPSB, BND, VEA, VTV |
| Q4 2025 | 586 | $473.6M | SPIB, BND, SPSB, VTV, VEA |
| Q3 2025 | 590 | $455.5M | SPIB, BND, SPSB, VTV, VEA |
| Q2 2025 | 606 | $430.3M | SPIB, BND, SPSB, VTV, VEA |
| Q1 2025 | 756 | $414.7M | SPIB, BND, SPSB, VTV, VEA |
| Q4 2024 | 644 | $404.1M | SPIB, BND, SPSB, VTV, IVV |
| Q3 2024 | 613 | $421.8M | SPIB, BND, SPSB, VTV, VEA |
| Q2 2024 | 596 | $398.1M | SPIB, BND, SPSB, VTV, VEA |
| Q1 2024 | 595 | $397.6M | SPIB, BND, SPSB, VTV, VEA |