Cherry Tree Wealth Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 24, 2025), Cherry Tree Wealth Management, LLC reported 590 stock positions worth $455.5 million. Its top holding was SS SPDR P Int C Corp. ETF (SPIB) at 4.9% of the portfolio, followed by Vanguard Total Bond Market (BND, 4.4%) and SS SPDR P St C Corp. ETF (SPSB, 4.3%). Compared with Q2 2025, it opened 7 new positions, sold out of 23, added to 70 and reduced 108. The biggest buy was a new position in Vanguard 0-3M T-Bill ETF (VBIL) and the biggest sale Vanguard Total Bond Market (BND, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0001985414
- Portfolio Value
- $455.5M (Q3 2025)
- SEC Filing
- 0001985414-25-000006 ↗ filed Nov 24, 2025
Holdings Value
Holdings 590 stocks · $455.5M
| SPIB SS SPDR P Int C Corp. ETF | 4.94% | 664,601 | $22.5M | Reduce -0.4% |
| BND Vanguard Total Bond Market | 4.40% | 269,234 | $20.0M | Reduce -1.7% |
| SPSB SS SPDR P St C Corp. ETF | 4.26% | 640,765 | $19.4M | Add +4.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.06% | 99,105 | $18.5M | Add +2.1% |
| VEA Vanguard Ftse Developed ETF | 3.82% | 290,328 | $17.4M | Add +2.8% |
| IVV iShares Core S&P 500 ETF | 3.44% | 23,401 | $15.7M | Add +1.8% |
| VYM Vanguard High DVD Yield ETF | 2.84% | 91,809 | $12.9M | Reduce -1.0% |
| FLRN SS SPDR BB Ig Float RT ETF | 2.82% | 416,064 | $12.8M | Add +3.5% |
| DFAC Dimensional US Core Equity 2 | 2.68% | 316,980 | $12.2M | Reduce -5.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.68% | 58,402 | $12.2M | Add +1.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.55% | 45,629 | $11.6M | Add +3.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.40% | 136,539 | $10.9M | Add +2.7% |
| VEU Vanguard Ftse All-World Ex-U | 2.22% | 141,659 | $10.1M | Reduce -0.4% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.16% | 229,522 | $9.9M | Add +2.4% |
| BSV Vanguard Short-Term Bond ETF | 2.08% | 119,871 | $9.5M | Add +6.0% |
| VTIP Vanguard Short-Term Tips | 1.87% | 167,935 | $8.5M | Add +3.2% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 1.75% | 179,518 | $8.0M | Add +3.1% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.63% | 87,549 | $7.4M | Add +0.0% |
| AVLV Avantis US Large Cap Value | 1.57% | 98,714 | $7.1M | Add +17.8% |
| VWO Vanguard Ftse Emerging Marke | 1.44% | 121,362 | $6.6M | Reduce -1.3% |
| DFUV Dimensional US Marketwide Va | 1.40% | 142,683 | $6.4M | Reduce -4.6% |
| VXUS Vanguard Total Intl Stock | 1.40% | 86,677 | $6.4M | Add +2.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.29% | 117,712 | $5.9M | Add +4.4% |
| RSP Invesco S&P 500 Equal Weight | 1.27% | 30,527 | $5.8M | Add +1.5% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.24% | 220,834 | $5.6M | Add +1.1% |
| AVEM Avantis Emerging Markets Eq | 1.21% | 73,681 | $5.5M | Add +5.9% |
| DFAT Dimensional US Target Value | 1.16% | 91,153 | $5.3M | Reduce -8.4% |
| SPLV Invesco S&P 500 Low Volatili | 1.15% | 71,245 | $5.2M | Reduce -2.8% |
| VNQ Vanguard Real Estate ETF | 1.02% | 50,885 | $4.7M | Add +1.4% |
| IBDU iShares Ibonds Dec 2029 Term | 1.01% | 195,527 | $4.6M | Add +2.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.99% | 13,682 | $4.5M | Add +6.4% |
| SCHF Schwab Intl Equity ETF | 0.99% | 192,836 | $4.5M | Add +2.7% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.92% | 171,895 | $4.2M | Reduce -0.9% |
| TITN Titan Machinery Inc. | 0.89% | 242,039 | $4.1M | No change |
| DFGR Dim Global Real Estate ETF | 0.87% | 144,911 | $4.0M | Add +10.9% |
| MSFT Microsoft Corp. | 0.87% | 7,620 | $3.9M | Reduce -0.9% |
| DUHP Dimensional US High Profi Et | 0.86% | 103,427 | $3.9M | Add +30.2% |
| VOO Vanguard S&P 500 ETF | 0.74% | 5,522 | $3.4M | Add +33.4% |
| DFAX Dimensional World Ex US Core | 0.74% | 107,691 | $3.4M | Add +0.3% |
| AVUV Avantis US Small Cap Value | 0.74% | 33,774 | $3.4M | Add +9.6% |
| AAPL Apple Inc. | 0.73% | 13,036 | $3.3M | Reduce -3.0% |
| SCHB Schwab US Broad Market ETF | 0.66% | 116,246 | $3.0M | Reduce -4.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.66% | 29,100 | $3.0M | No change |
| VBIL Vanguard 0-3M T-Bill ETF | 0.64% | 38,351 | $2.9M | New |
| JEPI JPMorgan Equity Premium Inco | 0.62% | 49,074 | $2.8M | Reduce -0.3% |
| AGG iShares Core U.S. Aggregate | 0.57% | 25,749 | $2.6M | Reduce -0.5% |
| ITOT iShares Core S&P Total U.S. | 0.53% | 16,683 | $2.4M | Reduce -0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.50% | 3,401 | $2.3M | Reduce -0.4% |
| VRP Invesco Variable Rate Prefer | 0.42% | 77,163 | $1.9M | Reduce -14.3% |
| DFAS Dimensional US Small Cap ETF | 0.40% | 26,473 | $1.8M | Add +11.8% |
| SCHZ Schwab US Aggregate Bond ETF | 0.39% | 74,806 | $1.8M | Add +2.1% |
| DHS Wisdomtree US High Dividend | 0.38% | 17,157 | $1.7M | Reduce -0.6% |
| VGIT Vanguard Intermediate-Term T | 0.38% | 28,771 | $1.7M | Reduce -2.5% |
| EMR Emerson Electric Co. | 0.38% | 13,141 | $1.7M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.37% | 3,469 | $1.7M | Reduce -0.4% |
| SCHX Schwab US Large-Cap ETF | 0.36% | 61,812 | $1.6M | Reduce -1.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.35% | 18,342 | $1.6M | Reduce -4.5% |
| VSS Vanguard Ftse All Wo X-US SC | 0.34% | 11,005 | $1.6M | Reduce -1.9% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.34% | 68,954 | $1.5M | Add +0.4% |
| DFIV Dimensional International Va | 0.33% | 32,329 | $1.5M | Add +1.0% |
| NVDA Nvidia Corp. | 0.30% | 7,438 | $1.4M | Reduce -6.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.29% | 13,675 | $1.3M | Reduce -0.8% |
| JPST JPMorgan Ultra-Short Income | 0.28% | 25,509 | $1.3M | Add +13.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.27% | 15,668 | $1.2M | No change |
| LLY Eli Lilly & Co. | 0.26% | 1,527 | $1.2M | No change |
| MMM 3M Co. | 0.26% | 7,505 | $1.2M | Reduce -2.8% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.25% | 45,039 | $1.1M | Reduce -4.9% |
| MDT Medtronic PLC | 0.24% | 11,456 | $1.1M | No change |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.23% | 50,275 | $1.1M | Add +1.1% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.23% | 18,068 | $1.0M | Add +1.6% |
| PGX Invesco Preferred ETF | 0.21% | 84,365 | $979K | Reduce -31.6% |
| SKOR NT Crdscr US Corp. BD ETF | 0.21% | 19,761 | $973K | Reduce -1.6% |
| ESGV Vanguard ESG US Stock ETF | 0.20% | 7,866 | $932K | Reduce -3.6% |
| JPM JPMorgan Chase & Co. | 0.20% | 2,918 | $920K | Reduce -7.8% |
| IEMG iShares Core MSCI Emerging | 0.20% | 13,624 | $898K | No change |
| IBDR iShares Ibonds Dec 2026 Term | 0.20% | 36,567 | $889K | Reduce -4.4% |
| AXP American Express Co. | 0.19% | 2,646 | $879K | No change |
| QUAL iShares MSCI USA Quality Fac | 0.17% | 3,910 | $760K | Reduce -3.3% |
| IXUS iShares Core Intl Stock ETF | 0.15% | 8,431 | $696K | Add +0.1% |
| DFCF Dimensional Core Fixed Inc. | 0.15% | 16,251 | $695K | Reduce -28.3% |
| EFV iShares MSCI Eafe Value ETF | 0.14% | 9,622 | $653K | Reduce -1.1% |
| STPZ PIMCO 1-5 Year US Tips Index | 0.14% | 11,641 | $631K | Reduce -0.3% |
| DISV Dimensional International SM | 0.14% | 17,466 | $623K | Add +37.6% |
| GDX Vaneck Gold Miners ETF | 0.13% | 8,037 | $614K | Reduce -20.5% |
| GOOG Alphabet Inc. Class C | 0.13% | 2,462 | $600K | Reduce -17.3% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.12% | 17,000 | $567K | Add +5.3% |
| PG The Procter & Gamble Co. | 0.12% | 3,691 | $567K | Add +0.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.12% | 1,792 | $552K | No change |
| IWM iShares Russell 2000 ETF | 0.12% | 2,276 | $551K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.12% | 6,271 | $547K | No change |
| DFAE Dimensional Emerging Core Eq | 0.12% | 16,966 | $535K | Reduce -0.7% |
| VIG Vanguard Dividend Apprec ETF | 0.12% | 2,472 | $533K | Add +0.4% |
| USB US Bancorp | 0.12% | 10,866 | $525K | Reduce -4.4% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.11% | 7,645 | $488K | No change |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.11% | 5,736 | $487K | Reduce -5.6% |
| IBTF iShares Ibonds Dec 2025 Term | 0.11% | 20,617 | $482K | Reduce -4.0% |
| OEF iShares S&P 100 ETF | 0.11% | 1,447 | $482K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.11% | 5,784 | $480K | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.10% | 9,001 | $477K | Reduce -3.2% |
| VPU Vanguard Utilities ETF | 0.10% | 2,492 | $472K | Reduce -20.7% |
Portfolio Sells Q2 2025 → Q3 2025
| BND Vanguard Total Bond Market | Reduce -1.7% | 4.40% | −0.29 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -0.4% | 4.94% | −0.26 |
| DFAC Dimensional US Core Equity 2 | Reduce -5.7% | 2.68% | −0.12 |
| PGX Invesco Preferred ETF | Reduce -31.6% | 0.21% | −0.10 |
| VRP Invesco Variable Rate Prefer | Reduce -14.3% | 0.42% | −0.09 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -2.8% | 1.15% | −0.09 |
| DFAT Dimensional US Target Value | Reduce -8.4% | 1.16% | −0.08 |
| DFCF Dimensional Core Fixed Inc. | Reduce -28.3% | 0.15% | −0.07 |
| DFUV Dimensional US Marketwide Va | Reduce -4.6% | 1.40% | −0.07 |
| MUB iShares National Muni Bond E | Reduce -41.7% | 0.09% | −0.07 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -0.9% | 0.92% | −0.06 |
| HD Home Depot Inc. | Reduce -54.7% | 0.04% | −0.04 |
| JEPI JPMorgan Equity Premium Inco | Reduce -0.3% | 0.62% | −0.03 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.0% | 2.84% | −0.03 |
| VGIT Vanguard Intermediate-Term T | Reduce -2.5% | 0.38% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -0.5% | 0.57% | −0.03 |
| PFF iShares Preferred & Income S | Reduce -32.5% | 0.06% | −0.03 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -4.9% | 0.25% | −0.03 |
| VPU Vanguard Utilities ETF | Reduce -20.7% | 0.10% | −0.03 |
| CMF iShares California Muni Bond | Reduce -26.2% | 0.06% | −0.02 |
| MSFT Microsoft Corp. | Reduce -0.9% | 0.87% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -4.5% | 0.35% | −0.02 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -4.4% | 0.20% | −0.02 |
| MMM 3M Co. | Reduce -2.8% | 0.26% | −0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -4.4% | 0.66% | −0.02 |
| FLOT iShares Floating Rate Bond E | Reduce -24.4% | 0.04% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.8% | 0.29% | −0.02 |
| SKOR NT Crdscr US Corp. BD ETF | Reduce -1.6% | 0.21% | −0.01 |
| SAND Sandstorm Gold Ltd. | Reduce -44.2% | 0.03% | −0.01 |
| MCD McDonald's Corp. | Reduce -16.8% | 0.06% | −0.01 |
| DIS The Walt Disney Co. | Reduce -49.6% | 0.01% | −0.01 |
| NUBD Nuveen ESG US Aggregate Bond | Reduce -12.6% | 0.06% | −0.01 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -5.6% | 0.11% | −0.01 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -15.0% | 0.07% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -7.8% | 0.20% | −0.01 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -4.0% | 0.11% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -10.7% | 0.04% | −0.01 |
| XLP SS Consumer Staples Sel Sect | Reduce -7.9% | 0.05% | −0.01 |
| SMB Vaneck Short Muni ETF | Reduce -19.0% | 0.03% | −0.01 |
| AMP Ameriprise Financial Inc. | Reduce -3.1% | 0.05% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -3.2% | 0.10% | −0.01 |
| KO The Coca-Cola Co. | Reduce -26.9% | 0.02% | −0.01 |
| TEM Tempus AI Inc. Class A | Sold out | 0.00% | −0.01 |
| XEL Xcel Energy Inc. | Reduce -28.3% | 0.03% | −0.01 |
| SUSB iShares ESG Aware 1-5 Year U | Reduce -7.1% | 0.06% | −0.01 |
| FPI Farmland Partners Inc. | Reduce -20.0% | 0.02% | −0.01 |
| STPZ PIMCO 1-5 Year US Tips Index | Reduce -0.3% | 0.14% | −0.01 |
| ITM Vaneck Intermediate Muni ETF | Sold out | 0.00% | −0.01 |
| V Visa Inc. Class A | Reduce -11.2% | 0.03% | −0.01 |
| DLS Wisdomtree Intl S/C DVD Fund | Reduce -12.4% | 0.05% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| VBIL Vanguard 0-3M T-Bill ETF | New | 0.64% | +0.64 |
| AVLV Avantis US Large Cap Value | Add +17.8% | 1.57% | +0.24 |
| DUHP Dimensional US High Profi Et | Add +30.2% | 0.86% | +0.20 |
| VOO Vanguard S&P 500 ETF | Add +33.4% | 0.74% | +0.20 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +3.9% | 2.55% | +0.13 |
| IVV iShares Core S&P 500 ETF | Add +1.8% | 3.44% | +0.12 |
| AVEM Avantis Emerging Markets Eq | Add +5.9% | 1.21% | +0.11 |
| AVUV Avantis US Small Cap Value | Add +9.6% | 0.74% | +0.09 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +2.4% | 2.16% | +0.08 |
| VTI VG Morningstar TS MKT ETF-US | Add +6.4% | 0.99% | +0.08 |
| VEA Vanguard Ftse Developed ETF | Add +2.8% | 3.82% | +0.08 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +1.8% | 2.68% | +0.07 |
| NVDL Granitesh 2X LNG Nvda ETF | Add +322.7% | 0.09% | +0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +2.1% | 4.06% | +0.07 |
| DFGR Dim Global Real Estate ETF | Add +10.9% | 0.87% | +0.05 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Add +3.1% | 1.75% | +0.05 |
| DFAS Dimensional US Small Cap ETF | Add +11.8% | 0.40% | +0.05 |
| DISV Dimensional International SM | Add +37.6% | 0.14% | +0.04 |
| VXUS Vanguard Total Intl Stock | Add +2.1% | 1.40% | +0.03 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +76.8% | 0.05% | +0.02 |
| IBDX iShares Ibonds Dec 2032 TC | Add +34.9% | 0.09% | +0.02 |
| SCHF Schwab Intl Equity ETF | Add +2.7% | 0.99% | +0.02 |
| JPST JPMorgan Ultra-Short Income | Add +13.4% | 0.28% | +0.02 |
| IBTG iShares Ibonds Dec 2026 Term | Add +55.7% | 0.06% | +0.02 |
| IBTH iShares Ibonds Dec 2027 Term | Add +67.3% | 0.05% | +0.02 |
| ETH Grayscale Ethereum Staking M | New | 0.01% | +0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +5.3% | 0.12% | +0.01 |
| DFAX Dimensional World Ex US Core | Add +0.3% | 0.74% | +0.01 |
| DFIV Dimensional International Va | Add +1.0% | 0.33% | +0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +4.4% | 1.29% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +6.0% | 2.08% | +0.01 |
| UI Ubiquiti Inc. | New | 0.01% | +0.01 |
| ETHA iShares Ethereum Trust ETF | New | 0.00% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +13.4% | 0.03% | +0.00 |
| JEPQ JPM Nasdaq Equity Premium | Add +1.6% | 0.23% | +0.00 |
| AFK Vaneck Africa Index ETF | New | 0.00% | +0.00 |
| LRMR Larimar Therapeutics Inc. | Add +24.9% | 0.01% | +0.00 |
| NUSA Nuv ESG 1-5 YR US AB ETF-Usd | Add +216.8% | 0.00% | +0.00 |
| QCLN First Trust Nasdaq Clean Edg | Add +0.1% | 0.01% | +0.00 |
| IXUS iShares Core Intl Stock ETF | Add +0.1% | 0.15% | +0.00 |
| RSP Invesco S&P 500 Equal Weight | Add +1.5% | 1.27% | +0.00 |
| DGRW Wisdomtree U.S. Quality Divi | Add +2.6% | 0.05% | +0.00 |
| HDV iShares Core High Dividend E | New | 0.00% | +0.00 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Add +15.1% | 0.01% | +0.00 |
| DDWM Wisdomtree DY Inter Eq FD-US | Add +3.7% | 0.03% | +0.00 |
| TSLA Tesla Inc. | Add +35.7% | 0.00% | +0.00 |
| AMAT Applied Materials Inc. | Add +0.4% | 0.01% | +0.00 |
| IQLT iShares MSCI International Q | Add +5.3% | 0.05% | +0.00 |
| DALI Ishrs Ms WR Co. Di SA Uci-Usd | Add +1.6% | 0.02% | +0.00 |
| JOUT Johnson Outdoors Inc. Class A | Add +0.7% | 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 |