Fortress Financial Group, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), Fortress Financial Group, LLC reported 81 stock positions worth $135.5 million. Its top holding was iShares Core S&P U.S. Growth (IUSG) at 11.5% of the portfolio, followed by iShares Core S&P U.S. Value (IUSV, 10.7%) and Fidelity Enh LRG Cap Cor ETF (FELC, 8.4%). Compared with Q3 2025, it opened 5 new positions, sold out of 6, added to 55 and reduced 9. The biggest buy was Fidelity Enh LRG Cap Cor ETF (FELC, shares +6%) and the biggest sale an exit from Vanguard Short-Term Bond ETF (BSV).

Most Recent 13F
Q2 2026
Location
ROCHESTER, MN
CIK
0002054451
Portfolio Value
$135.5M (Q4 2025)
SEC Filing
0001951757-26-000285 ↗ filed Jan 23, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q4 2024: $100.6M Q4 2024 Q1 2025: $100.2M Q1 2025 Q2 2025: $118.1M Q2 2025 Q3 2025: $130.4M Q3 2025 Q4 2025: $135.5M $135.5M Q4 2025 Q1 2026: $135.2M Q1 2026 Q2 2026: $200.3M Q2 2026

Holdings 81 stocks · $135.5M
IUSG iShares Core S&P U.S. Growth 11.48% 92,617 $15.6M Add +1.4%
IUSV iShares Core S&P U.S. Value 10.67% 140,995 $14.5M Add +3.0%
FELC Fidelity Enh LRG Cap Cor ETF 8.44% 299,546 $11.4M Add +5.8%
RSP Invesco S&P 500 Equal Weight 7.05% 49,881 $9.6M Add +3.8%
IJT iShares S&P Small-Cap 600 GR 5.35% 51,334 $7.2M Add +9.8%
IJS iShares S&P Small-Cap 600 Va 5.27% 62,800 $7.1M Add +3.5%
GSLC Goldman Activebeta US LC ETF 4.74% 48,513 $6.4M Add +2.0%
IJR iShares Core S&P Small-Cap E 3.39% 38,229 $4.6M Add +6.2%
QQQ Invesco QQQ Trust Series 1 2.83% 6,250 $3.8M Add +0.1%
SPY SS SPDR S&P 500 ETF Trust-US 2.43% 4,826 $3.3M Add +0.2%
IWF iShares Russell 1000 Growth 2.15% 6,153 $2.9M Reduce -0.1%
BIDD iShares International Divide 2.10% 98,545 $2.8M Reduce -5.5%
IWD iShares Russell 1000 Value E 1.91% 12,310 $2.6M Add +0.3%
AAPL Apple Inc. 1.82% 9,059 $2.5M Reduce -0.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.71% 7,830 $2.3M Add +0.0%
FBND Fidelity Total Bond ETF 1.67% 48,992 $2.3M Add +6.0%
IVV iShares Core S&P 500 ETF 1.57% 3,108 $2.1M Add +0.0%
AMZN Amazon.com Inc. 1.35% 7,898 $1.8M No change
MSFT Microsoft Corp. 1.18% 3,308 $1.6M Reduce -0.1%
ALRS Alerus Financial Corp. 1.12% 67,339 $1.5M Add +0.1%
NVDA Nvidia Corp. 1.06% 7,707 $1.4M Add +0.3%
IJH iShares Core S&P Midcap ETF 1.04% 21,356 $1.4M Add +1.3%
TSLA Tesla Inc. 1.00% 3,001 $1.3M Add +0.4%
IVW iShares S&P 500 Growth ETF 0.93% 10,215 $1.3M No change
FAST Fastenal Co. 0.85% 28,838 $1.2M Add +3.4%
AMGN Amgen Inc. 0.70% 2,914 $954K Add +0.0%
JPM JPMorgan Chase & Co. 0.64% 2,673 $861K Add +0.5%
VEA Vanguard Ftse Developed ETF 0.62% 13,483 $842K Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.59% 1,579 $794K No change
IVE iShares S&P 500 Value ETF 0.57% 3,646 $773K No change
HRL Hormel Foods Corp. 0.56% 31,976 $758K Add +6.7%
GE General Electric filed as GE AEROSPACE 0.56% 2,449 $754K Add +0.1%
GLD SPDR Gold Shares 0.51% 1,727 $684K No change
QUAL iShares MSCI USA Quality Fac 0.50% 3,434 $682K Add +0.3%
IBP Installed Building Products 0.46% 2,395 $621K Add +0.2%
WFC Wells Fargo & Co. 0.44% 6,325 $589K Add +0.3%
VTI VG Morningstar TS MKT ETF-US 0.39% 1,569 $526K Add +0.1%
XOM Exxon Mobil Corp. 0.38% 4,228 $509K Add +0.9%
KO The Coca-Cola Co. 0.37% 7,175 $502K Add +1.5%
UPS United Parcel Service Class B 0.35% 4,828 $479K Reduce -12.1%
APO Apollo Global Management Inc. 0.33% 3,125 $452K Add +0.4%
VUG Vanguard Mrngstar GR ETF-Sui 0.32% 886 $432K Add +1.1%
OMF Onemain Holdings Inc. 0.31% 6,170 $417K Add +1.8%
IWB iShares Russell 1000 ETF 0.29% 1,070 $399K Add +0.6%
FESM Fidelity Enhanced Small Cap 0.29% 10,404 $393K Add +0.2%
MCK McKesson Corp. 0.29% 471 $387K No change
WTBA West Bancorporation 0.28% 17,291 $384K Reduce -4.1%
GEV GE Vernova Inc. 0.28% 579 $379K No change
KEY Keycorp 0.27% 17,609 $363K Add +1.0%
VTV Vanguard Mrngstr Val ETF-Aui 0.27% 1,888 $361K Add +0.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 6,469 $356K Add +0.5%
GOOGL Alphabet Inc. Class A 0.26% 1,126 $353K New
BLK BlackRock Inc. 0.25% 320 $342K Add +0.6%
MRK Merck & Co. Inc. 0.25% 3,219 $339K Add +0.9%
IEFA iShares Core MSCI Eafe ETF 0.25% 3,730 $334K Reduce -0.6%
RF Regions Financial Corp. 0.25% 12,292 $333K Add +1.0%
UNH Unitedhealth Group Inc. 0.25% 1,009 $333K Add +0.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.24% 2,908 $331K No change
EFG iShares MSCI Eafe Growth ETF 0.24% 2,894 $330K No change
JEPI JPMorgan Equity Premium Inco 0.24% 5,742 $329K Add +1.9%
PNC PNC Financial Services Group 0.22% 1,442 $301K Add +0.9%
CAT Caterpillar Inc. 0.22% 524 $300K Reduce -3.1%
DAL Delta Air Lines Inc. 0.22% 4,206 $292K Add +0.4%
GOOG Alphabet Inc. Class C 0.21% 927 $291K Reduce -54.6%
LLY Eli Lilly & Co. 0.21% 267 $287K Add +0.4%
OSK Oshkosh Corp. 0.20% 2,200 $276K Add +0.4%
QQQM Invesco Nasdaq 100 ETF 0.20% 1,084 $274K New
PII Polaris Inc. 0.20% 4,280 $271K Add +1.0%
XEL Xcel Energy Inc. 0.20% 3,628 $268K Add +0.7%
AVUV Avantis US Small Cap Value 0.19% 2,493 $254K New
MUB iShares National Muni Bond E 0.18% 2,270 $243K No change
VWO Vanguard Ftse Emerging Marke 0.17% 4,345 $234K Add +0.5%
HD Home Depot Inc. 0.17% 672 $231K Add +0.6%
PEP Pepsico Inc. 0.16% 1,555 $223K No change
DELL Dell Technologies -C 0.16% 1,770 $223K Add +0.3%
CSCO Cisco Systems Inc. 0.16% 2,875 $221K New
TT Trane Technologies PLC 0.16% 564 $220K No change
MCD McDonald's Corp. 0.16% 709 $217K Add +0.6%
LMT Lockheed Martin Corp. 0.15% 433 $209K Add +0.7%
USB US Bancorp 0.15% 3,793 $202K New
F Ford Motor Co. filed as FORD MTR CO 0.11% 11,300 $148K Add +1.1%

Portfolio Sells Q3 2025 → Q4 2025
BSV Vanguard Short-Term Bond ETF Sold out 0.00% −0.30
IEMG iShares Core MSCI Emerging Sold out 0.00% −0.27
BND Vanguard Total Bond Market Sold out 0.00% −0.27
GOVT iShares US Treasury Bond ETF Sold out 0.00% −0.17
T AT&T Inc. Sold out 0.00% −0.17
GOOG Alphabet Inc. Class C Reduce -54.6% 0.21% −0.17
SPDW Ste STR SPDR PT DW Eu ETF Sold out 0.00% −0.16
BIDD iShares International Divide Reduce -5.5% 2.10% −0.14
MSFT Microsoft Corp. Reduce -0.1% 1.18% −0.13
IWF iShares Russell 1000 Growth Reduce -0.1% 2.15% −0.06
IEFA iShares Core MSCI Eafe ETF Reduce -0.6% 0.25% −0.01
UPS United Parcel Service Class B Reduce -12.1% 0.35% +0.00
WTBA West Bancorporation Reduce -4.1% 0.28% +0.00
CAT Caterpillar Inc. Reduce -3.1% 0.22% +0.02
AAPL Apple Inc. Reduce -0.9% 1.82% +0.03

Portfolio Buys Q3 2025 → Q4 2025
FELC Fidelity Enh LRG Cap Cor ETF Add +5.8% 8.44% +0.35
IJT iShares S&P Small-Cap 600 GR Add +9.8% 5.35% +0.28
GOOGL Alphabet Inc. Class A New 0.26% +0.26
QQQM Invesco Nasdaq 100 ETF New 0.20% +0.20
AVUV Avantis US Small Cap Value New 0.19% +0.19
IUSV iShares Core S&P U.S. Value Add +3.0% 10.67% +0.18
CSCO Cisco Systems Inc. New 0.16% +0.16
USB US Bancorp New 0.15% +0.15
IJS iShares S&P Small-Cap 600 Va Add +3.5% 5.27% +0.13
IJR iShares Core S&P Small-Cap E Add +6.2% 3.39% +0.11
AMGN Amgen Inc. Add +0.0% 0.70% +0.07
RSP Invesco S&P 500 Equal Weight Add +3.8% 7.05% +0.06
LLY Eli Lilly & Co. Add +0.4% 0.21% +0.06
OMF Onemain Holdings Inc. Add +1.8% 0.31% +0.05
MRK Merck & Co. Inc. Add +0.9% 0.25% +0.04
DAL Delta Air Lines Inc. Add +0.4% 0.22% +0.03
WFC Wells Fargo & Co. Add +0.3% 0.44% +0.03
FBND Fidelity Total Bond ETF Add +6.0% 1.67% +0.03
IBM Intl Business Machines Corp. Add +0.0% 1.71% +0.02
KEY Keycorp Add +1.0% 0.27% +0.02
APO Apollo Global Management Inc. Add +0.4% 0.33% +0.02
XOM Exxon Mobil Corp. Add +0.9% 0.38% +0.01
KO The Coca-Cola Co. Add +1.5% 0.37% +0.01
PII Polaris Inc. Add +1.0% 0.20% +0.01
BAC Bank of America Corp. Add +0.5% 0.26% +0.01
F Ford Motor Co. Add +1.1% 0.11% +0.01
IBP Installed Building Products Add +0.2% 0.46% +0.01
VEA Vanguard Ftse Developed ETF Add +0.1% 0.62% +0.00
PNC PNC Financial Services Group Add +0.9% 0.22% +0.00
RF Regions Financial Corp. Add +1.0% 0.25% −0.00
FESM Fidelity Enhanced Small Cap Add +0.2% 0.29% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Add +1.1% 0.32% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +0.2% 0.27% −0.00
IWD iShares Russell 1000 Value E Add +0.3% 1.91% −0.00
IWB iShares Russell 1000 ETF Add +0.6% 0.29% −0.00
JEPI JPMorgan Equity Premium Inco Add +1.9% 0.24% −0.00
MCD McDonald's Corp. Add +0.6% 0.16% −0.00
VTI VG Morningstar TS MKT ETF-US Add +0.1% 0.39% −0.01
QUAL iShares MSCI USA Quality Fac Add +0.3% 0.50% −0.01
VWO Vanguard Ftse Emerging Marke Add +0.5% 0.17% −0.01
GE General Electric Add +0.1% 0.56% −0.01
JPM JPMorgan Chase & Co. Add +0.5% 0.64% −0.01
HRL Hormel Foods Corp. Add +6.7% 0.56% −0.01
LMT Lockheed Martin Corp. Add +0.7% 0.15% −0.01
GSLC Goldman Activebeta US LC ETF Add +2.0% 4.74% −0.01
OSK Oshkosh Corp. Add +0.4% 0.20% −0.01
IJH iShares Core S&P Midcap ETF Add +1.3% 1.04% −0.01
UNH Unitedhealth Group Inc. Add +0.7% 0.25% −0.02
TSLA Tesla Inc. Add +0.4% 1.00% −0.02
ALRS Alerus Financial Corp. Add +0.1% 1.12% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 79$200.3MSCHX, FENI, AVEM, VO, AVUV
Q1 2026 87$135.2MIUSG, IUSV, FELC, RSP, IJT
Q4 2025 81$135.5MIUSG, IUSV, FELC, RSP, IJT
Q3 2025 82$130.4MIUSG, IUSV, FELC, RSP, IJS
Q2 2025 78$118.1MIUSG, IUSV, RSP, FELC, IJT
Q1 2025 69$100.2MIUSV, IUSG, BIDD, RSP, GSLC
Q4 2024 69$100.6MIUSG, IUSV, BIDD, RSP, GSLC