Cherry Tree Wealth Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Cherry Tree Wealth Management, LLC reported 606 stock positions worth $430.3 million. Its top holding was SS SPDR P Int C Corp. ETF (SPIB) at 5.2% of the portfolio, followed by Vanguard Total Bond Market (BND, 4.7%) and SS SPDR P St C Corp. ETF (SPSB, 4.3%). Compared with Q1 2025, it opened 13 new positions, sold out of 163, added to 60 and reduced 204. The biggest buy was Vanguard Tax-Exempt Bond ETF (VTEB, shares +39%) and the biggest sale Vanguard Total Bond Market (BND, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001985414
- Portfolio Value
- $430.3M (Q2 2025)
- SEC Filing
- 0001985414-25-000003 ↗ filed Aug 5, 2025
Holdings Value
Holdings 606 stocks · $430.3M
| SPIB SS SPDR P Int C Corp. ETF | 5.21% | 667,254 | $22.4M | Reduce -2.9% |
| BND Vanguard Total Bond Market | 4.69% | 273,996 | $20.2M | Reduce -3.4% |
| SPSB SS SPDR P St C Corp. ETF | 4.29% | 610,984 | $18.4M | Reduce -3.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 3.99% | 97,089 | $17.2M | Reduce -1.4% |
| VEA Vanguard Ftse Developed ETF | 3.74% | 282,425 | $16.1M | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 3.32% | 22,987 | $14.3M | Reduce -0.5% |
| FLRN SS SPDR BB Ig Float RT ETF | 2.88% | 402,054 | $12.4M | Add +0.5% |
| VYM Vanguard High DVD Yield ETF | 2.87% | 92,762 | $12.4M | Reduce -1.1% |
| DFAC Dimensional US Core Equity 2 | 2.80% | 336,024 | $12.0M | Add +0.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.60% | 57,398 | $11.2M | Reduce -0.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.46% | 132,953 | $10.6M | Reduce -1.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.42% | 43,910 | $10.4M | Add +2.8% |
| VEU Vanguard Ftse All-World Ex-U | 2.22% | 142,249 | $9.6M | Reduce -3.2% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.08% | 224,165 | $9.0M | Reduce -0.4% |
| BSV Vanguard Short-Term Bond ETF | 2.07% | 113,109 | $8.9M | Reduce -1.3% |
| VTIP Vanguard Short-Term Tips | 1.90% | 162,744 | $8.2M | Add +2.7% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 1.70% | 174,073 | $7.3M | Reduce -3.2% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.63% | 87,543 | $7.0M | Reduce -1.3% |
| DFUV Dimensional US Marketwide Va | 1.47% | 149,565 | $6.3M | Reduce -0.1% |
| VWO Vanguard Ftse Emerging Marke | 1.41% | 122,975 | $6.1M | Reduce -1.3% |
| VXUS Vanguard Total Intl Stock | 1.36% | 84,886 | $5.9M | Reduce -0.3% |
| AVLV Avantis US Large Cap Value | 1.33% | 83,800 | $5.7M | Add +4.7% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.29% | 218,398 | $5.6M | Reduce -0.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.29% | 112,775 | $5.5M | Add +39.1% |
| RSP Invesco S&P 500 Equal Weight | 1.27% | 30,063 | $5.5M | Reduce -3.4% |
| DFAT Dimensional US Target Value | 1.25% | 99,511 | $5.4M | Add +0.3% |
| SPLV Invesco S&P 500 Low Volatili | 1.24% | 73,278 | $5.3M | Reduce -3.2% |
| TITN Titan Machinery Inc. | 1.11% | 242,039 | $4.8M | Add +1.9% |
| AVEM Avantis Emerging Markets Eq | 1.11% | 69,578 | $4.8M | Add +2.0% |
| VNQ Vanguard Real Estate ETF | 1.04% | 50,156 | $4.5M | Reduce -1.7% |
| IBDU iShares Ibonds Dec 2029 Term | 1.03% | 190,671 | $4.4M | Reduce -1.7% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.98% | 173,383 | $4.2M | Add +1.8% |
| SCHF Schwab Intl Equity ETF | 0.96% | 187,798 | $4.2M | Add +3.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.91% | 12,856 | $3.9M | Reduce -1.6% |
| MSFT Microsoft Corp. | 0.89% | 7,689 | $3.8M | Reduce -2.1% |
| DFGR Dim Global Real Estate ETF | 0.81% | 130,629 | $3.5M | Add +2.7% |
| DFAX Dimensional World Ex US Core | 0.73% | 107,342 | $3.2M | Reduce -0.6% |
| SCHB Schwab US Broad Market ETF | 0.67% | 121,559 | $2.9M | Add +0.7% |
| DUHP Dimensional US High Profi Et | 0.66% | 79,435 | $2.8M | Add +12.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.65% | 29,100 | $2.8M | Add +2.3% |
| AVUV Avantis US Small Cap Value | 0.65% | 30,812 | $2.8M | Add +5.0% |
| JEPI JPMorgan Equity Premium Inco | 0.65% | 49,196 | $2.8M | Add +1.2% |
| AAPL Apple Inc. | 0.64% | 13,444 | $2.8M | Reduce -2.4% |
| AGG iShares Core U.S. Aggregate | 0.60% | 25,887 | $2.6M | Reduce -5.0% |
| VOO Vanguard S&P 500 ETF | 0.55% | 4,139 | $2.4M | Add +2.3% |
| ITOT iShares Core S&P Total U.S. | 0.53% | 16,759 | $2.3M | Add +0.6% |
| VRP Invesco Variable Rate Prefer | 0.51% | 89,983 | $2.2M | Reduce -0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.49% | 3,414 | $2.1M | No change |
| VGIT Vanguard Intermediate-Term T | 0.41% | 29,513 | $1.8M | Reduce -6.9% |
| EMR Emerson Electric Co. | 0.41% | 13,141 | $1.8M | No change |
| SCHZ Schwab US Aggregate Bond ETF | 0.40% | 73,285 | $1.7M | Reduce -0.6% |
| DHS Wisdomtree US High Dividend | 0.39% | 17,257 | $1.7M | Reduce -0.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.37% | 19,208 | $1.6M | Reduce -6.3% |
| SCHX Schwab US Large-Cap ETF | 0.36% | 62,684 | $1.5M | Add +0.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.35% | 3,483 | $1.5M | Reduce -2.2% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.35% | 68,663 | $1.5M | Add +9.6% |
| DFAS Dimensional US Small Cap ETF | 0.35% | 23,688 | $1.5M | Reduce -7.0% |
| VSS Vanguard Ftse All Wo X-US SC | 0.35% | 11,213 | $1.5M | Reduce -8.5% |
| PGX Invesco Preferred ETF | 0.32% | 123,383 | $1.4M | Reduce -5.9% |
| DFIV Dimensional International Va | 0.32% | 31,996 | $1.4M | Reduce -0.7% |
| USMV iShares MSCI USA Min Vol Fac | 0.30% | 13,783 | $1.3M | Reduce -0.2% |
| NVDA Nvidia Corp. | 0.29% | 7,946 | $1.3M | Reduce -5.8% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.28% | 47,352 | $1.2M | No change |
| LLY Eli Lilly & Co. | 0.28% | 1,527 | $1.2M | Reduce -0.8% |
| MMM 3M Co. | 0.27% | 7,723 | $1.2M | Add +1.4% |
| JPST JPMorgan Ultra-Short Income | 0.26% | 22,488 | $1.1M | Add +2.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.26% | 15,668 | $1.1M | Reduce -5.8% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.24% | 49,719 | $1.0M | Add +7.5% |
| MDT Medtronic PLC | 0.23% | 11,456 | $999K | Reduce -0.1% |
| SKOR NT Crdscr US Corp. BD ETF | 0.23% | 20,087 | $980K | Reduce -16.4% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.22% | 17,784 | $967K | Add +1.3% |
| DFCF Dimensional Core Fixed Inc. | 0.22% | 22,676 | $958K | Add +1.4% |
| IBDR iShares Ibonds Dec 2026 Term | 0.22% | 38,263 | $928K | Reduce -25.8% |
| JPM JPMorgan Chase & Co. | 0.21% | 3,164 | $917K | Reduce -2.4% |
| ESGV Vanguard ESG US Stock ETF | 0.21% | 8,157 | $894K | Reduce -12.3% |
| AXP American Express Co. | 0.20% | 2,646 | $844K | Reduce -1.6% |
| IEMG iShares Core MSCI Emerging | 0.19% | 13,624 | $818K | Reduce -7.8% |
| QUAL iShares MSCI USA Quality Fac | 0.17% | 4,045 | $740K | Add +5.3% |
| MUB iShares National Muni Bond E | 0.15% | 6,308 | $659K | Reduce -31.9% |
| IXUS iShares Core Intl Stock ETF | 0.15% | 8,418 | $651K | Add +0.0% |
| STPZ PIMCO 1-5 Year US Tips Index | 0.15% | 11,678 | $628K | No change |
| EFV iShares MSCI Eafe Value ETF | 0.14% | 9,731 | $618K | No change |
| PG The Procter & Gamble Co. | 0.14% | 3,688 | $588K | Reduce -2.9% |
| VPU Vanguard Utilities ETF | 0.13% | 3,143 | $555K | No change |
| GOOG Alphabet Inc. Class C | 0.12% | 2,978 | $528K | Add +0.5% |
| GDX Vaneck Gold Miners ETF | 0.12% | 10,111 | $526K | Reduce -3.8% |
| USB US Bancorp | 0.12% | 11,366 | $514K | Reduce -4.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.12% | 6,271 | $512K | Reduce -5.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.12% | 1,792 | $511K | Reduce -3.0% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.12% | 6,077 | $511K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.12% | 2,462 | $504K | Reduce -0.4% |
| IBTF iShares Ibonds Dec 2025 Term | 0.12% | 21,477 | $502K | Reduce -2.0% |
| DFAE Dimensional Emerging Core Eq | 0.12% | 17,092 | $495K | Reduce -1.1% |
| IWM iShares Russell 2000 ETF | 0.11% | 2,276 | $491K | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.11% | 9,297 | $490K | Reduce -0.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.11% | 16,146 | $487K | Reduce -0.2% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.11% | 7,645 | $480K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.11% | 5,784 | $479K | No change |
| SUB iShares Short-Term National | 0.11% | 4,255 | $452K | No change |
| IWP iShares Russell Mid-Cap Grow | 0.10% | 3,215 | $446K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| BND Vanguard Total Bond Market | Reduce -3.4% | 4.69% | −0.33 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -3.8% | 4.29% | −0.32 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -2.9% | 5.21% | −0.30 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -3.2% | 1.24% | −0.12 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -1.6% | 2.46% | −0.12 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.4% | 3.99% | −0.11 |
| AAPL Apple Inc. | Reduce -2.4% | 0.64% | −0.10 |
| BSV Vanguard Short-Term Bond ETF | Reduce -1.3% | 2.07% | −0.09 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -25.8% | 0.22% | −0.09 |
| MUB iShares National Muni Bond E | Reduce -31.9% | 0.15% | −0.08 |
| VNQ Vanguard Real Estate ETF | Reduce -1.7% | 1.04% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -11.3% | 0.06% | −0.06 |
| AGG iShares Core U.S. Aggregate | Reduce -5.0% | 0.60% | −0.05 |
| SKOR NT Crdscr US Corp. BD ETF | Reduce -16.4% | 0.23% | −0.05 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -0.6% | 1.29% | −0.05 |
| IBDU iShares Ibonds Dec 2029 Term | Reduce -1.7% | 1.03% | −0.05 |
| VGIT Vanguard Intermediate-Term T | Reduce -6.9% | 0.41% | −0.04 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.1% | 2.87% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -29.4% | 0.10% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Reduce -30.8% | 0.07% | −0.04 |
| PGX Invesco Preferred ETF | Reduce -5.9% | 0.32% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -3.4% | 1.27% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -0.8% | 0.28% | −0.03 |
| DHS Wisdomtree US High Dividend | Reduce -0.2% | 0.39% | −0.03 |
| FLOT iShares Floating Rate Bond E | Reduce -28.3% | 0.06% | −0.03 |
| T AT&T Inc. | Reduce -38.2% | 0.04% | −0.03 |
| PFF iShares Preferred & Income S | Reduce -19.9% | 0.08% | −0.03 |
| PFE Pfizer Inc. | Reduce -38.4% | 0.03% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -2.9% | 0.14% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -90.6% | 0.00% | −0.02 |
| DFUV Dimensional US Marketwide Va | Reduce -0.1% | 1.47% | −0.02 |
| VRP Invesco Variable Rate Prefer | Reduce -0.5% | 0.51% | −0.02 |
| NUBD Nuveen ESG US Aggregate Bond | Reduce -15.7% | 0.08% | −0.02 |
| JNJ Johnson & Johnson | Reduce -8.6% | 0.07% | −0.02 |
| DFAS Dimensional US Small Cap ETF | Reduce -7.0% | 0.35% | −0.02 |
| MDT Medtronic PLC | Reduce -0.1% | 0.23% | −0.02 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -0.6% | 0.40% | −0.02 |
| PEP Pepsico Inc. | Reduce -1.6% | 0.07% | −0.01 |
| MO Altria Group Inc. | Reduce -32.7% | 0.02% | −0.01 |
| RTX RTX Corp. | Reduce -24.5% | 0.05% | −0.01 |
| GIS General Mills Inc. | Reduce -0.1% | 0.06% | −0.01 |
| ESGV Vanguard ESG US Stock ETF | Reduce -12.3% | 0.21% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -29.8% | 0.02% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.2% | 0.30% | −0.01 |
| WELL Welltower Inc. | Sold out | 0.00% | −0.01 |
| MCD McDonald's Corp. | Reduce -1.2% | 0.07% | −0.01 |
| SMB Vaneck Short Muni ETF | Reduce -14.8% | 0.04% | −0.01 |
| CMF iShares California Muni Bond | Reduce -5.4% | 0.08% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -5.8% | 0.04% | −0.01 |
| DUK Duke Energy Corp. | Reduce -33.6% | 0.01% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| VTEB Vanguard Tax-Exempt Bond ETF | Add +39.1% | 1.29% | +0.32 |
| VEA Vanguard Ftse Developed ETF | Add +0.3% | 3.74% | +0.29 |
| DFAC Dimensional US Core Equity 2 | Add +0.5% | 2.80% | +0.14 |
| TITN Titan Machinery Inc. | Add +1.9% | 1.11% | +0.14 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +2.8% | 2.42% | +0.14 |
| AVEM Avantis Emerging Markets Eq | Add +2.0% | 1.11% | +0.12 |
| SCHF Schwab Intl Equity ETF | Add +3.1% | 0.96% | +0.10 |
| DUHP Dimensional US High Profi Et | Add +12.6% | 0.66% | +0.09 |
| AVLV Avantis US Large Cap Value | Add +4.7% | 1.33% | +0.07 |
| SCHB Schwab US Broad Market ETF | Add +0.7% | 0.67% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +2.3% | 0.55% | +0.04 |
| AVUV Avantis US Small Cap Value | Add +5.0% | 0.65% | +0.04 |
| ITOT iShares Core S&P Total U.S. | Add +0.6% | 0.53% | +0.04 |
| SCHX Schwab US Large-Cap ETF | Add +0.4% | 0.36% | +0.02 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +9.6% | 0.35% | +0.02 |
| TROW T Rowe Price Group Inc. | Add +2.3% | 0.65% | +0.02 |
| IBDX iShares Ibonds Dec 2032 TC | Add +40.5% | 0.07% | +0.02 |
| DFAT Dimensional US Target Value | Add +0.3% | 1.25% | +0.02 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +106.7% | 0.03% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | Add +5.3% | 0.17% | +0.01 |
| DDWM Wisdomtree DY Inter Eq FD-US | Add +73.4% | 0.03% | +0.01 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +7.5% | 0.24% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +0.5% | 0.12% | +0.01 |
| MTUM iShares MSCI USA Momentum Fa | Add +4.6% | 0.06% | +0.01 |
| IXUS iShares Core Intl Stock ETF | Add +0.0% | 0.15% | +0.01 |
| DFGR Dim Global Real Estate ETF | Add +2.7% | 0.81% | +0.01 |
| IEF iShares 7-10 Year Treasury B | New | 0.01% | +0.01 |
| IBDZ ISHARESIBONDSDEC2034TMCORP | Add +65.9% | 0.02% | +0.01 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | New | 0.01% | +0.01 |
| LRMR Larimar Therapeutics Inc. | New | 0.01% | +0.01 |
| AVDV Avantis Intl S/C Value ETF | Add +0.7% | 0.07% | +0.01 |
| IBCA iShares Ibonds Dec 2035 TC | New | 0.01% | +0.01 |
| JEPQ JPM Nasdaq Equity Premium | Add +1.3% | 0.22% | +0.01 |
| XLRE SS Real Estate Select Sector | New | 0.01% | +0.01 |
| WTV Wisdomtree U.S. Value Fund | New | 0.01% | +0.01 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +22.1% | 0.03% | +0.00 |
| VOOG Vanguard S&P 500 Growth ETF | Add +29.3% | 0.01% | +0.00 |
| DGRW Wisdomtree U.S. Quality Divi | Add +6.8% | 0.05% | +0.00 |
| MMM 3M Co. | Add +1.4% | 0.27% | +0.00 |
| JQUA JPMorgan US Quality Factor | New | 0.00% | +0.00 |
| SMLF iShares US Smallcap Equity F | New | 0.00% | +0.00 |
| IBTO iShares Ibonds Dec 2033 Tres | Add +70.6% | 0.01% | +0.00 |
| IBTM iShares Ibnds Dec 2032 TT | Add +69.9% | 0.01% | +0.00 |
| IBTL iShares Ibonds Dec 2031 Term | Add +17.9% | 0.02% | +0.00 |
| IBTK iShares Ibonds Dec 2030 Trea | Add +14.1% | 0.02% | +0.00 |
| RXRX Recursion Pharmaceuticals-A | New | 0.00% | +0.00 |
| IBTI iShares Ibonds Dec 2028 Term | Add +13.4% | 0.02% | +0.00 |
| AMAT Applied Materials Inc. | Add +0.4% | 0.01% | +0.00 |
| IBTH iShares Ibonds Dec 2027 Term | Add +10.5% | 0.03% | +0.00 |
| PULS Pgim Ultra Short Bond ETF | 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 |