Cherry Tree Wealth Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), Cherry Tree Wealth Management, LLC reported 756 stock positions worth $414.7 million. Its top holding was SS SPDR P Int C Corp. ETF (SPIB) at 5.5% of the portfolio, followed by Vanguard Total Bond Market (BND, 5.0%) and SS SPDR P St C Corp. ETF (SPSB, 4.6%). Compared with Q4 2024, it opened 121 new positions, sold out of 9, added to 160 and reduced 83. The biggest buy was T Rowe Price (TROW, shares +74755%) and the biggest sale Invesco Preferred ETF (PGX, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001985414
- Portfolio Value
- $414.7M (Q1 2025)
- SEC Filing
- 0001985414-25-000002 ↗ filed Apr 21, 2025
Holdings Value
Holdings 756 stocks · $414.7M
| SPIB SS SPDR P Int C Corp. ETF | 5.51% | 686,938 | $22.8M | Add +1.0% |
| BND Vanguard Total Bond Market | 5.02% | 283,606 | $20.8M | Add +1.7% |
| SPSB SS SPDR P St C Corp. ETF | 4.61% | 635,280 | $19.1M | Add +2.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.10% | 98,467 | $17.0M | Add +0.7% |
| VEA Vanguard Ftse Developed ETF | 3.45% | 281,616 | $14.3M | Add +4.5% |
| IVV iShares Core S&P 500 ETF | 3.13% | 23,105 | $13.0M | Add +5.0% |
| FLRN SS SPDR BB Ig Float RT ETF | 2.97% | 400,151 | $12.3M | Add +11.8% |
| VYM Vanguard High DVD Yield ETF | 2.92% | 93,760 | $12.1M | Reduce -0.4% |
| DFAC Dimensional US Core Equity 2 | 2.66% | 334,264 | $11.0M | Add +0.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.59% | 57,636 | $10.7M | Add +0.5% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.57% | 135,137 | $10.7M | Reduce -0.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.28% | 42,699 | $9.5M | Add +2.5% |
| BSV Vanguard Short-Term Bond ETF | 2.16% | 114,595 | $9.0M | Add +3.9% |
| VEU Vanguard Ftse All-World Ex-U | 2.15% | 146,952 | $8.9M | Reduce -0.0% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.96% | 225,076 | $8.1M | Add +2.1% |
| VTIP Vanguard Short-Term Tips | 1.91% | 158,441 | $7.9M | Add +1.8% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.58% | 88,648 | $6.5M | Reduce -1.1% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 1.57% | 179,778 | $6.5M | Add +2.2% |
| DFUV Dimensional US Marketwide Va | 1.49% | 149,649 | $6.2M | Add +1.2% |
| SPLV Invesco S&P 500 Low Volatili | 1.36% | 75,710 | $5.7M | Reduce -3.0% |
| VWO Vanguard Ftse Emerging Marke | 1.36% | 124,582 | $5.6M | Reduce -0.3% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.34% | 219,726 | $5.6M | Add +4.6% |
| RSP Invesco S&P 500 Equal Weight | 1.30% | 31,123 | $5.4M | Add +2.9% |
| VXUS Vanguard Total Intl Stock | 1.27% | 85,122 | $5.3M | Reduce -0.9% |
| AVLV Avantis US Large Cap Value | 1.26% | 80,067 | $5.2M | Add +3.4% |
| DFAT Dimensional US Target Value | 1.23% | 99,226 | $5.1M | Reduce -0.6% |
| VNQ Vanguard Real Estate ETF | 1.11% | 51,039 | $4.6M | Add +2.1% |
| IBDU iShares Ibonds Dec 2029 Term | 1.08% | 193,933 | $4.5M | Add +12.1% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.99% | 170,290 | $4.1M | Add +5.4% |
| AVEM Avantis Emerging Markets Eq | 0.99% | 68,193 | $4.1M | Add +1.9% |
| TITN Titan Machinery Inc. | 0.98% | 237,643 | $4.0M | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.97% | 81,047 | $4.0M | Add +1.2% |
| SCHF Schwab Intl Equity ETF | 0.87% | 182,194 | $3.6M | Reduce -0.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.87% | 13,067 | $3.6M | Add +2.1% |
| DFGR Dim Global Real Estate ETF | 0.81% | 127,206 | $3.3M | Add +1.9% |
| AAPL Apple Inc. | 0.74% | 13,776 | $3.1M | Reduce -3.3% |
| MSFT Microsoft Corp. | 0.71% | 7,857 | $2.9M | Add +0.1% |
| DFAX Dimensional World Ex US Core | 0.68% | 107,958 | $2.8M | Add +10.0% |
| JEPI JPMorgan Equity Premium Inco | 0.67% | 48,599 | $2.8M | Add +54.4% |
| AGG iShares Core U.S. Aggregate | 0.65% | 27,259 | $2.7M | Add +2.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.63% | 28,445 | $2.6M | Add +74755.3% |
| SCHB Schwab US Broad Market ETF | 0.63% | 120,777 | $2.6M | Reduce -2.2% |
| AVUV Avantis US Small Cap Value | 0.62% | 29,333 | $2.6M | Add +2.0% |
| DUHP Dimensional US High Profi Et | 0.56% | 70,536 | $2.3M | Add +52.6% |
| VRP Invesco Variable Rate Prefer | 0.53% | 90,438 | $2.2M | New |
| VOO Vanguard S&P 500 ETF | 0.50% | 4,047 | $2.1M | Add +3.5% |
| ITOT iShares Core S&P Total U.S. | 0.49% | 16,666 | $2.0M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 3,414 | $1.9M | Add +0.2% |
| VGIT Vanguard Intermediate-Term T | 0.45% | 31,693 | $1.9M | No change |
| DHS Wisdomtree US High Dividend | 0.41% | 17,298 | $1.7M | Reduce -1.6% |
| SCHZ Schwab US Aggregate Bond ETF | 0.41% | 73,706 | $1.7M | Reduce -2.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.37% | 20,496 | $1.6M | Add +0.3% |
| DFAS Dimensional US Small Cap ETF | 0.37% | 25,473 | $1.5M | Add +2.1% |
| PGX Invesco Preferred ETF | 0.35% | 131,120 | $1.5M | Reduce -73.6% |
| EMR Emerson Electric Co. | 0.35% | 13,141 | $1.4M | Reduce -3.0% |
| VSS Vanguard Ftse All Wo X-US SC | 0.34% | 12,260 | $1.4M | Reduce -1.4% |
| SCHX Schwab US Large-Cap ETF | 0.33% | 62,418 | $1.4M | Reduce -1.8% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.33% | 62,640 | $1.4M | Add +7.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.32% | 3,560 | $1.3M | Reduce -2.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.31% | 13,816 | $1.3M | Reduce -4.4% |
| LLY Eli Lilly & Co. | 0.31% | 1,540 | $1.3M | Add +0.6% |
| DFIV Dimensional International Va | 0.31% | 32,205 | $1.3M | Reduce -0.0% |
| IBDR iShares Ibonds Dec 2026 Term | 0.30% | 51,582 | $1.2M | Add +8.2% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.29% | 47,352 | $1.2M | No change |
| SKOR NT Crdscr US Corp. BD ETF | 0.28% | 24,014 | $1.2M | No change |
| MMM 3M Co. | 0.27% | 7,619 | $1.1M | Reduce -1.1% |
| JPST JPMorgan Ultra-Short Income | 0.27% | 21,955 | $1.1M | Add +7.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.26% | 16,628 | $1.1M | No change |
| MDT Medtronic PLC | 0.25% | 11,464 | $1.0M | No change |
| MUB iShares National Muni Bond E | 0.24% | 9,261 | $976K | Reduce -6.6% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.23% | 46,244 | $960K | Add +11.5% |
| DFCF Dimensional Core Fixed Inc. | 0.23% | 22,354 | $940K | Add +0.2% |
| NVDA Nvidia Corp. | 0.22% | 8,433 | $914K | Reduce -8.0% |
| ESGV Vanguard ESG US Stock ETF | 0.22% | 9,299 | $911K | Add +0.5% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.22% | 17,548 | $909K | Add +193.2% |
| IEMG iShares Core MSCI Emerging | 0.19% | 14,776 | $797K | Reduce -0.6% |
| JPM JPMorgan Chase & Co. | 0.19% | 3,242 | $795K | Add +2.3% |
| AXP American Express Co. | 0.17% | 2,690 | $724K | Add +2.0% |
| QUAL iShares MSCI USA Quality Fac | 0.16% | 3,841 | $656K | Add +2.2% |
| PG The Procter & Gamble Co. | 0.16% | 3,799 | $647K | Add +1.1% |
| STPZ PIMCO 1-5 Year US Tips Index | 0.15% | 11,678 | $631K | No change |
| IXUS iShares Core Intl Stock ETF | 0.14% | 8,416 | $588K | No change |
| EFV iShares MSCI Eafe Value ETF | 0.14% | 9,731 | $574K | Add +0.6% |
| IJR iShares Core S&P Small-Cap E | 0.14% | 5,429 | $568K | No change |
| VPU Vanguard Utilities ETF | 0.13% | 3,143 | $537K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.13% | 6,636 | $523K | No change |
| IBTF iShares Ibonds Dec 2025 Term | 0.12% | 21,908 | $512K | Reduce -13.9% |
| USB US Bancorp | 0.12% | 11,866 | $501K | Reduce -16.2% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.12% | 9,349 | $490K | Reduce -1.4% |
| GDX Vaneck Gold Miners ETF | 0.12% | 10,511 | $483K | Reduce -22.0% |
| VIG Vanguard Dividend Apprec ETF | 0.12% | 2,473 | $480K | Reduce -0.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.12% | 5,784 | $479K | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.11% | 1,847 | $475K | Add +1.7% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.11% | 6,077 | $474K | No change |
| UNH Unitedhealth Group Inc. | 0.11% | 892 | $467K | Add +2.4% |
| GOOG Alphabet Inc. Class C | 0.11% | 2,964 | $463K | Reduce -1.8% |
| PFF iShares Preferred & Income S | 0.11% | 14,858 | $457K | Reduce -48.4% |
| IWM iShares Russell 2000 ETF | 0.11% | 2,276 | $454K | Add +0.3% |
| SUB iShares Short-Term National | 0.11% | 4,255 | $449K | No change |
| DFAE Dimensional Emerging Core Eq | 0.11% | 17,274 | $447K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| PGX Invesco Preferred ETF | Reduce -73.6% | 0.35% | −1.06 |
| AAPL Apple Inc. | Reduce -3.3% | 0.74% | −0.14 |
| DFAT Dimensional US Target Value | Reduce -0.6% | 1.23% | −0.14 |
| PFF iShares Preferred & Income S | Reduce -48.4% | 0.11% | −0.11 |
| DNP DNP Select Income Fund Inc. | Reduce -62.5% | 0.06% | −0.09 |
| NVDA Nvidia Corp. | Reduce -8.0% | 0.22% | −0.08 |
| EMR Emerson Electric Co. | Reduce -3.0% | 0.35% | −0.07 |
| SCHB Schwab US Broad Market ETF | Reduce -2.2% | 0.63% | −0.07 |
| KMI Kinder Morgan Inc. | Reduce -55.4% | 0.05% | −0.06 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.4% | 2.92% | −0.06 |
| PFFD Global X US Preferred ETF | Reduce -80.1% | 0.01% | −0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.4% | 0.32% | −0.05 |
| USB US Bancorp | Reduce -16.2% | 0.12% | −0.05 |
| ITOT iShares Core S&P Total U.S. | Reduce -1.1% | 0.49% | −0.05 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.3% | 2.57% | −0.04 |
| FPI Farmland Partners Inc. | Reduce -54.2% | 0.03% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -53.0% | 0.04% | −0.04 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.8% | 0.33% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -1.8% | 0.11% | −0.03 |
| MUB iShares National Muni Bond E | Reduce -6.6% | 0.24% | −0.03 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -90.7% | 0.00% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -9.6% | 0.08% | −0.02 |
| EXE Expand Energy Corp. | Reduce -55.3% | 0.02% | −0.02 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -13.9% | 0.12% | −0.02 |
| PSLV Sprott Physical Silver Trust | Reduce -34.5% | 0.05% | −0.02 |
| DLS Wisdomtree Intl S/C DVD Fund | Reduce -24.6% | 0.05% | −0.02 |
| TGT Target Corp. | Reduce -3.1% | 0.04% | −0.01 |
| IP International Paper Co. | Reduce -50.0% | 0.01% | −0.01 |
| WMT Walmart Inc. | Reduce -9.3% | 0.08% | −0.01 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.01 |
| FLOT iShares Floating Rate Bond E | Reduce -10.1% | 0.09% | −0.01 |
| NAT Nordic American Tankers Ltd. | Reduce -66.2% | 0.01% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -2.2% | 0.41% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Reduce -45.4% | 0.01% | −0.01 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -1.4% | 0.34% | −0.01 |
| T AT&T Inc. | Reduce -28.4% | 0.07% | −0.01 |
| DES Wisdomtree US Smallcap Divid | Reduce -1.9% | 0.08% | −0.01 |
| AIVI Wisdomtree International AI | Sold out | 0.00% | −0.01 |
| CRM Salesforce Inc. | Reduce -37.5% | 0.01% | −0.01 |
| SAND Sandstorm Gold Ltd. | Reduce -34.7% | 0.04% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -4.4% | 0.31% | −0.01 |
| OKE Oneok Inc. | Reduce -19.3% | 0.02% | −0.01 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -78.7% | 0.00% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.8% | 0.12% | −0.01 |
| BWX SS SPDR BB Intl Treasury BD | Sold out | 0.00% | −0.00 |
| VWOB Vanguard Emerg MKTS Gov BND | Sold out | 0.00% | −0.00 |
| VST Vistra Corp. | Reduce -43.7% | 0.00% | −0.00 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -15.7% | 0.01% | −0.00 |
| SNPS Synopsys Inc. | Reduce -20.9% | 0.01% | −0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -1.4% | 0.12% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| TROW T Rowe Price Group Inc. | Add +74755.3% | 0.63% | +0.63 |
| VRP Invesco Variable Rate Prefer | New | 0.53% | +0.53 |
| VEA Vanguard Ftse Developed ETF | Add +4.5% | 3.45% | +0.26 |
| FLRN SS SPDR BB Ig Float RT ETF | Add +11.8% | 2.97% | +0.25 |
| JEPI JPMorgan Equity Premium Inco | Add +54.4% | 0.67% | +0.22 |
| DUHP Dimensional US High Profi Et | Add +52.6% | 0.56% | +0.18 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +2.1% | 1.96% | +0.15 |
| JEPQ JPM Nasdaq Equity Premium | Add +193.2% | 0.22% | +0.14 |
| IBDU iShares Ibonds Dec 2029 Term | Add +12.1% | 1.08% | +0.11 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Add +2.2% | 1.57% | +0.08 |
| DFAX Dimensional World Ex US Core | Add +10.0% | 0.68% | +0.08 |
| BND Vanguard Total Bond Market | Add +1.7% | 5.02% | +0.06 |
| BSV Vanguard Short-Term Bond ETF | Add +3.9% | 2.16% | +0.05 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +4.6% | 1.34% | +0.04 |
| VTIP Vanguard Short-Term Tips | Add +1.8% | 1.91% | +0.04 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +5.4% | 0.99% | +0.03 |
| SPSB SS SPDR P St C Corp. ETF | Add +2.6% | 4.61% | +0.03 |
| DIA SS SPDR Dow Jones Indus Avg | Add +177.8% | 0.05% | +0.03 |
| FELV Fidelity Enh LRG Cap Val ETF | New | 0.03% | +0.03 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +11.5% | 0.23% | +0.02 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +7.9% | 0.33% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.3% | 0.37% | +0.02 |
| DFAI Dimensional International Co. | Add +21.2% | 0.09% | +0.02 |
| IBDR iShares Ibonds Dec 2026 Term | Add +8.2% | 0.30% | +0.02 |
| DFGR Dim Global Real Estate ETF | Add +1.9% | 0.81% | +0.02 |
| AVEM Avantis Emerging Markets Eq | Add +1.9% | 0.99% | +0.02 |
| IQLT iShares MSCI International Q | Add +48.8% | 0.04% | +0.01 |
| LLY Eli Lilly & Co. | Add +0.6% | 0.31% | +0.01 |
| IBDX iShares Ibonds Dec 2032 TC | Add +36.2% | 0.05% | +0.01 |
| NOBL Proshares S&P 500 Dividend A | Add +29.6% | 0.06% | +0.01 |
| XLP SS Consumer Staples Sel Sect | Add +23.7% | 0.06% | +0.01 |
| EFV iShares MSCI Eafe Value ETF | Add +0.6% | 0.14% | +0.01 |
| JPST JPMorgan Ultra-Short Income | Add +7.1% | 0.27% | +0.01 |
| XOM Exxon Mobil Corp. | Add +23.4% | 0.05% | +0.01 |
| VNQ Vanguard Real Estate ETF | Add +2.1% | 1.11% | +0.01 |
| ALE Allete Inc. | New | 0.01% | +0.01 |
| JNJ Johnson & Johnson | Add +2.3% | 0.09% | +0.01 |
| IBTG iShares Ibonds Dec 2026 Term | Add +46.5% | 0.04% | +0.01 |
| AGG iShares Core U.S. Aggregate | Add +2.0% | 0.65% | +0.01 |
| NVDL Granitesh 2X LNG Nvda ETF | New | 0.01% | +0.01 |
| IBTK iShares Ibonds Dec 2030 Trea | Add +78.9% | 0.02% | +0.01 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +152.0% | 0.02% | +0.01 |
| IBTI iShares Ibonds Dec 2028 Term | Add +72.5% | 0.02% | +0.01 |
| DDWM Wisdomtree DY Inter Eq FD-US | Add +121.9% | 0.02% | +0.01 |
| IBHI iShares Ibonds 2029 TM HY Inc. | Add +253.1% | 0.01% | +0.01 |
| VOOG Vanguard S&P 500 Growth ETF | New | 0.01% | +0.01 |
| IBHF iShares Ibond 2026 HY & Inc. | Add +26.9% | 0.04% | +0.01 |
| GLD SPDR Gold Shares | Add +23.9% | 0.03% | +0.01 |
| TEM Tempus AI Inc. Class A | New | 0.01% | +0.01 |
| DISV Dimensional International SM | Add +1.3% | 0.09% | +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 |