Cherry Tree Wealth Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 6, 2024), Cherry Tree Wealth Management, LLC reported 596 stock positions worth $398.1 million. Its top holding was SS SPDR P Int C Corp. ETF (SPIB) at 5.7% of the portfolio, followed by Vanguard Total Bond Market (BND, 5.1%) and SS SPDR P St C Corp. ETF (SPSB, 4.5%). Compared with Q1 2024, it opened 30 new positions, sold out of 31, added to 123 and reduced 103. The biggest buy was Invesco S&P 500 Equal Weight (RSP, shares +26%) and the biggest sale SS SPDR P Int C Corp. ETF (SPIB, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001985414
- Portfolio Value
- $398.1M (Q2 2024)
- SEC Filing
- 0001985414-24-000003 ↗ filed Aug 6, 2024
Holdings Value
Holdings 596 stocks · $398.1M
| SPIB SS SPDR P Int C Corp. ETF | 5.68% | 694,466 | $22.6M | Reduce -2.9% |
| BND Vanguard Total Bond Market | 5.11% | 282,234 | $20.3M | Add +0.1% |
| SPSB SS SPDR P St C Corp. ETF | 4.54% | 609,227 | $18.1M | Reduce -3.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.09% | 101,435 | $16.3M | Reduce -0.0% |
| VEA Vanguard Ftse Developed ETF | 3.28% | 264,006 | $13.0M | Add +2.4% |
| IVV iShares Core S&P 500 ETF | 3.18% | 23,154 | $12.7M | Add +0.9% |
| VYM Vanguard High DVD Yield ETF | 2.94% | 98,580 | $11.7M | Reduce -1.7% |
| FLRN SS SPDR BB Ig Float RT ETF | 2.87% | 370,583 | $11.4M | Reduce -0.8% |
| DFAC Dimensional US Core Equity 2 | 2.84% | 350,736 | $11.3M | Reduce -0.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.73% | 59,476 | $10.9M | Reduce -0.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.62% | 135,230 | $10.4M | Add +1.3% |
| BSV Vanguard Short-Term Bond ETF | 2.31% | 120,044 | $9.2M | Add +3.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.29% | 41,845 | $9.1M | Add +2.6% |
| VEU Vanguard Ftse All-World Ex-U | 2.18% | 147,843 | $8.7M | Add +0.2% |
| VTIP Vanguard Short-Term Tips | 2.12% | 174,169 | $8.5M | Reduce -0.8% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.91% | 217,188 | $7.6M | Add +1.6% |
| SPLV Invesco S&P 500 Low Volatili | 1.64% | 100,787 | $6.5M | Reduce -6.1% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 1.62% | 185,943 | $6.5M | Add +1.3% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.58% | 91,969 | $6.3M | Add +0.6% |
| DFUV Dimensional US Marketwide Va | 1.50% | 151,877 | $6.0M | Reduce -0.9% |
| PGX Invesco Preferred ETF | 1.42% | 487,778 | $5.6M | Reduce -2.4% |
| VWO Vanguard Ftse Emerging Marke | 1.38% | 125,668 | $5.5M | Add +2.7% |
| DFAT Dimensional US Target Value | 1.35% | 103,823 | $5.4M | Reduce -1.0% |
| VXUS Vanguard Total Intl Stock | 1.25% | 82,468 | $5.0M | Reduce -0.3% |
| AVLV Avantis US Large Cap Value | 1.14% | 72,218 | $4.5M | Add +10.1% |
| VNQ Vanguard Real Estate ETF | 1.07% | 51,042 | $4.3M | Reduce -0.6% |
| AVEM Avantis Emerging Markets Eq | 1.00% | 65,308 | $4.0M | Add +3.1% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.98% | 157,381 | $3.9M | Add +13.3% |
| TITN Titan Machinery Inc. | 0.95% | 237,643 | $3.8M | Add +0.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.95% | 75,315 | $3.8M | Add +21.9% |
| RSP Invesco S&P 500 Equal Weight | 0.95% | 22,934 | $3.8M | Add +25.9% |
| MSFT Microsoft Corp. | 0.94% | 8,402 | $3.8M | Reduce -1.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.91% | 13,556 | $3.6M | Reduce -1.0% |
| SCHF Schwab Intl Equity ETF | 0.85% | 88,111 | $3.4M | Add +2.4% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.76% | 128,118 | $3.0M | Add +15.7% |
| AVUV Avantis US Small Cap Value | 0.75% | 33,238 | $3.0M | Add +7.7% |
| AAPL Apple Inc. | 0.74% | 13,982 | $2.9M | Reduce -4.7% |
| IBDU iShares Ibonds Dec 2029 Term | 0.72% | 125,600 | $2.8M | Add +25.7% |
| AGG iShares Core U.S. Aggregate | 0.67% | 27,558 | $2.7M | Reduce -13.4% |
| SCHB Schwab US Broad Market ETF | 0.65% | 41,222 | $2.6M | Reduce -0.7% |
| VGIT Vanguard Intermediate-Term T | 0.64% | 43,492 | $2.5M | Reduce -1.1% |
| DFAX Dimensional World Ex US Core | 0.60% | 94,622 | $2.4M | Reduce -0.2% |
| DFGR Dim Global Real Estate ETF | 0.54% | 86,776 | $2.2M | Add +6.7% |
| ITOT iShares Core S&P Total U.S. | 0.52% | 17,261 | $2.1M | Add +0.7% |
| VOO Vanguard S&P 500 ETF | 0.49% | 3,910 | $2.0M | Reduce -0.1% |
| IBDP iShares Ibonds Dec 2024 Term | 0.49% | 77,498 | $1.9M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.48% | 3,498 | $1.9M | Reduce -0.4% |
| JEPI JPMorgan Equity Premium Inco | 0.46% | 32,635 | $1.8M | Add +3.9% |
| SCHZ Schwab US Aggregate Bond ETF | 0.42% | 36,392 | $1.7M | Add +0.5% |
| IBTE iShares Ibonds Dec 2024 Term | 0.41% | 67,478 | $1.6M | Add +2.9% |
| DHS Wisdomtree US High Dividend | 0.38% | 17,966 | $1.5M | Reduce -8.0% |
| EMR Emerson Electric Co. | 0.37% | 13,544 | $1.5M | Reduce -11.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.37% | 20,247 | $1.5M | Add +0.3% |
| DFAS Dimensional US Small Cap ETF | 0.36% | 24,168 | $1.5M | Add +3.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.36% | 3,873 | $1.4M | Reduce -1.0% |
| VSS Vanguard Ftse All Wo X-US SC | 0.36% | 12,291 | $1.4M | Add +8.0% |
| SCHX Schwab US Large-Cap ETF | 0.36% | 22,218 | $1.4M | Add +0.0% |
| LLY Eli Lilly & Co. | 0.35% | 1,531 | $1.4M | Add +0.7% |
| USMV iShares MSCI USA Min Vol Fac | 0.33% | 15,685 | $1.3M | Reduce -3.2% |
| NVDA Nvidia Corp. | 0.31% | 9,919 | $1.2M | Add +51.0% |
| MUB iShares National Muni Bond E | 0.30% | 11,221 | $1.2M | Add +32.6% |
| SKOR NT Crdscr US Corp. BD ETF | 0.29% | 24,622 | $1.2M | Add +0.3% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.29% | 45,688 | $1.1M | Add +13.1% |
| DFIV Dimensional International Va | 0.28% | 31,349 | $1.1M | Reduce -1.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.28% | 17,438 | $1.1M | No change |
| MDT Medtronic PLC | 0.25% | 12,608 | $992K | Reduce -16.7% |
| PFF iShares Preferred & Income S | 0.24% | 30,104 | $950K | Reduce -4.0% |
| IBDR iShares Ibonds Dec 2026 Term | 0.23% | 39,212 | $934K | No change |
| IEMG iShares Core MSCI Emerging | 0.23% | 16,886 | $904K | Add +0.6% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.23% | 42,463 | $903K | Add +280.1% |
| ESGV Vanguard ESG US Stock ETF | 0.23% | 9,324 | $901K | Reduce -1.6% |
| DFCF Dimensional Core Fixed Inc. | 0.22% | 21,385 | $888K | Add +6.2% |
| MMM 3M Co. | 0.22% | 8,463 | $865K | Reduce -0.1% |
| JPST JPMorgan Ultra-Short Income | 0.21% | 16,593 | $837K | Reduce -0.6% |
| DNP DNP Select Income Fund Inc. | 0.16% | 79,355 | $652K | No change |
| JPM JPMorgan Chase & Co. | 0.16% | 3,169 | $641K | Add +1.0% |
| AXP American Express Co. | 0.16% | 2,719 | $629K | Add +1.6% |
| PG The Procter & Gamble Co. | 0.16% | 3,745 | $618K | Add +0.2% |
| QUAL iShares MSCI USA Quality Fac | 0.15% | 3,582 | $612K | Add +7.9% |
| IWM iShares Russell 2000 ETF | 0.15% | 2,872 | $583K | Reduce -5.9% |
| USB US Bancorp | 0.15% | 14,661 | $582K | No change |
| IXUS iShares Core Intl Stock ETF | 0.14% | 8,415 | $569K | Add +2.6% |
| STPZ PIMCO 1-5 Year US Tips Index | 0.14% | 10,863 | $561K | Reduce -0.6% |
| IBTF iShares Ibonds Dec 2025 Term | 0.14% | 23,251 | $540K | Add +71.7% |
| EFV iShares MSCI Eafe Value ETF | 0.13% | 9,919 | $526K | Reduce -0.8% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.13% | 25,094 | $509K | Add +83.9% |
| GOOG Alphabet Inc. Class C | 0.13% | 2,730 | $501K | Add +11.5% |
| FLOT iShares Floating Rate Bond E | 0.13% | 9,743 | $498K | Add +0.2% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.12% | 9,628 | $493K | No change |
| IJR iShares Core S&P Small-Cap E | 0.12% | 4,562 | $487K | No change |
| VPU Vanguard Utilities ETF | 0.12% | 3,229 | $478K | Reduce -5.0% |
| SHY iShares 1-3 Year Treasury Bo | 0.12% | 5,784 | $472K | No change |
| SUB iShares Short-Term National | 0.12% | 4,504 | $471K | No change |
| EEMV iShares MSCI Emg MKT Min Vol | 0.12% | 8,211 | $470K | Reduce -7.6% |
| HRL Hormel Foods Corp. | 0.12% | 15,226 | $464K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.12% | 2,537 | $463K | No change |
| GDX Vaneck Gold Miners ETF | 0.11% | 13,472 | $457K | Reduce -4.9% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.11% | 6,573 | $456K | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.11% | 1,816 | $453K | Reduce -4.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.11% | 6,636 | $452K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| SPIB SS SPDR P Int C Corp. ETF | Reduce -2.9% | 5.68% | −0.20 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -3.2% | 4.54% | −0.17 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.7% | 2.73% | −0.16 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -6.1% | 1.64% | −0.13 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.7% | 2.94% | −0.11 |
| AGG iShares Core U.S. Aggregate | Reduce -13.4% | 0.67% | −0.11 |
| DFAT Dimensional US Target Value | Reduce -1.0% | 1.35% | −0.08 |
| MDT Medtronic PLC | Reduce -16.7% | 0.25% | −0.08 |
| DFUV Dimensional US Marketwide Va | Reduce -0.9% | 1.50% | −0.08 |
| PGX Invesco Preferred ETF | Reduce -2.4% | 1.42% | −0.08 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.0% | 4.09% | −0.07 |
| EMR Emerson Electric Co. | Reduce -11.8% | 0.37% | −0.06 |
| DVY iShares Select Dividend ETF | Reduce -57.0% | 0.03% | −0.05 |
| DHS Wisdomtree US High Dividend | Reduce -8.0% | 0.38% | −0.04 |
| VNQ Vanguard Real Estate ETF | Reduce -0.6% | 1.07% | −0.04 |
| NVDL Granitesh 2X LNG Nvda ETF | Sold out | 0.00% | −0.02 |
| FLRN SS SPDR BB Ig Float RT ETF | Reduce -0.8% | 2.87% | −0.02 |
| SMH Vaneck Semiconductor ETF | Reduce -97.6% | 0.00% | −0.02 |
| DES Wisdomtree US Smallcap Divid | Reduce -13.0% | 0.08% | −0.02 |
| PFF iShares Preferred & Income S | Reduce -4.0% | 0.24% | −0.02 |
| TGT Target Corp. | Reduce -4.9% | 0.06% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -19.9% | 0.09% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -5.9% | 0.15% | −0.01 |
| DFIV Dimensional International Va | Reduce -1.9% | 0.28% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -21.8% | 0.07% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.01 |
| WOOD iShares Global Timber & Fore | Reduce -31.8% | 0.02% | −0.01 |
| VGIT Vanguard Intermediate-Term T | Reduce -1.1% | 0.64% | −0.01 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -20.4% | 0.05% | −0.01 |
| NKE Nike Inc. Class B | Reduce -12.9% | 0.02% | −0.01 |
| INTC Intel Corp. | Reduce -30.9% | 0.01% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -3.2% | 0.33% | −0.01 |
| WY Weyerhaeuser Co. | Reduce -40.5% | 0.01% | −0.01 |
| GIS General Mills Inc. | Reduce -0.6% | 0.08% | −0.01 |
| MMM 3M Co. | Reduce -0.1% | 0.22% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -10.1% | 0.04% | −0.01 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -7.6% | 0.12% | −0.01 |
| WPC WP Carey Inc. | Reduce -9.3% | 0.07% | −0.01 |
| TDTT NT Iboxx 3Y Dur Tips ETF | Reduce -7.3% | 0.10% | −0.01 |
| CRM Salesforce Inc. | Reduce -33.1% | 0.01% | −0.01 |
| MCD McDonald's Corp. | Reduce -0.9% | 0.07% | −0.01 |
| TOTL SS Doubleline TR Tact ETF | Reduce -9.6% | 0.07% | −0.01 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -8.7% | 0.08% | −0.01 |
| SWN Southwestern Energy Co. | Reduce -4.7% | 0.04% | −0.01 |
| XEL Xcel Energy Inc. | Reduce -16.5% | 0.04% | −0.01 |
| VNQI Vanguard GLBL Ex-US Real Est | Reduce -4.1% | 0.08% | −0.01 |
| ADM Archer-Daniels-Midland Co. | Sold out | 0.00% | −0.01 |
| DIS The Walt Disney Co. | Reduce -7.7% | 0.02% | −0.01 |
| DUK Duke Energy Corp. | Reduce -27.3% | 0.02% | −0.01 |
| VXUS Vanguard Total Intl Stock | Reduce -0.3% | 1.25% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| RSP Invesco S&P 500 Equal Weight | Add +25.9% | 0.95% | +0.17 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +280.1% | 0.23% | +0.17 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +21.9% | 0.95% | +0.16 |
| NVDA Nvidia Corp. | Add +51.0% | 0.31% | +0.16 |
| IVV iShares Core S&P 500 ETF | Add +0.9% | 3.18% | +0.15 |
| IBDU iShares Ibonds Dec 2029 Term | Add +25.7% | 0.72% | +0.14 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +13.3% | 0.98% | +0.11 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +15.7% | 0.76% | +0.10 |
| VWO Vanguard Ftse Emerging Marke | Add +2.7% | 1.38% | +0.10 |
| BSV Vanguard Short-Term Bond ETF | Add +3.9% | 2.31% | +0.09 |
| AVLV Avantis US Large Cap Value | Add +10.1% | 1.14% | +0.08 |
| AVEM Avantis Emerging Markets Eq | Add +3.1% | 1.00% | +0.08 |
| MUB iShares National Muni Bond E | Add +32.6% | 0.30% | +0.07 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +83.9% | 0.13% | +0.06 |
| IBTF iShares Ibonds Dec 2025 Term | Add +71.7% | 0.14% | +0.06 |
| LLY Eli Lilly & Co. | Add +0.7% | 0.35% | +0.05 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +13.1% | 0.29% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +11.5% | 0.13% | +0.03 |
| VSS Vanguard Ftse All Wo X-US SC | Add +8.0% | 0.36% | +0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +1.3% | 2.62% | +0.03 |
| JEPQ JPM Nasdaq Equity Premium | Add +45.0% | 0.08% | +0.03 |
| IBHF iShares Ibond 2026 HY & Inc. | Add +955.9% | 0.03% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +2.4% | 3.28% | +0.02 |
| DFGR Dim Global Real Estate ETF | Add +6.7% | 0.54% | +0.02 |
| AVUV Avantis US Small Cap Value | Add +7.7% | 0.75% | +0.02 |
| XJR Ishr ESG SS S&P Smal-Cap-Usd | New | 0.02% | +0.02 |
| ITOT iShares Core S&P Total U.S. | Add +0.7% | 0.52% | +0.02 |
| COST Costco Wholesale Corp. | Add +64.0% | 0.03% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | Add +7.9% | 0.15% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +130.4% | 0.02% | +0.02 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +412.9% | 0.02% | +0.01 |
| IBTL iShares Ibonds Dec 2031 Term | Add +286.4% | 0.02% | +0.01 |
| SCHX Schwab US Large-Cap ETF | Add +0.0% | 0.36% | +0.01 |
| IBTE iShares Ibonds Dec 2024 Term | Add +2.9% | 0.41% | +0.01 |
| DFCF Dimensional Core Fixed Inc. | Add +6.2% | 0.22% | +0.01 |
| AVDV Avantis Intl S/C Value ETF | Add +25.4% | 0.05% | +0.01 |
| DFAE Dimensional Emerging Core Eq | Add +4.3% | 0.11% | +0.01 |
| IBTH iShares Ibonds Dec 2027 Term | Add +73.9% | 0.02% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +0.6% | 0.23% | +0.01 |
| IBTG iShares Ibonds Dec 2026 Term | Add +119.8% | 0.02% | +0.01 |
| WMT Walmart Inc. | Add +0.3% | 0.07% | +0.01 |
| IBTK iShares Ibonds Dec 2030 Trea | New | 0.01% | +0.01 |
| IBTI iShares Ibonds Dec 2028 Term | Add +306.4% | 0.01% | +0.01 |
| JEPI JPMorgan Equity Premium Inco | Add +3.9% | 0.46% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +2.4% | 0.85% | +0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +0.6% | 0.11% | +0.01 |
| PGR Progressive Corp. | Add +122.7% | 0.01% | +0.01 |
| META Meta Platforms Inc. Class A | Add +17.9% | 0.03% | +0.01 |
| AXP American Express Co. | Add +1.6% | 0.16% | +0.01 |
| NOW ServiceNow Inc. | Add +625.0% | 0.01% | +0.01 |
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 |