Gradient Investments LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 8, 2025), Gradient Investments LLC reported 358 stock positions worth $5.5 billion. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 4.7% of the portfolio, followed by Microsoft (MSFT, 2.5%) and Nvidia (NVDA, 2.2%). Compared with Q1 2025, it opened 55 new positions, sold out of 17, added to 185 and reduced 104. The biggest buy was a new position in Innovator U.S. Equity Buffer (BAPR) and the biggest sale Alianzim US Eq BFR20 Oct-Usd (OCTW, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- ARDEN HILLS, MN
- CIK
- 0001542265
- Portfolio Value
- $5.5B (Q2 2025)
- SEC Filing
- 0001542265-25-000004 ↗ filed Jul 8, 2025
Holdings Value
Holdings 358 stocks · $5.5B
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.72% | 3,554,841 | $258.4M | Add +3.1% |
| MSFT Microsoft Corp. | 2.49% | 273,393 | $136.0M | Reduce -0.7% |
| NVDA Nvidia Corp. | 2.23% | 772,006 | $122.0M | Reduce -3.8% |
| AMZN Amazon.com Inc. | 2.21% | 550,308 | $120.7M | Add +1.3% |
| SPAB SS SPDR P Agg Bond ETF | 1.82% | 3,897,587 | $99.8M | Reduce -4.2% |
| AAPL Apple Inc. | 1.75% | 465,265 | $95.5M | Add +5.7% |
| DMBS Doubleline Mortgage ETF | 1.68% | 1,875,326 | $92.0M | Add +5.9% |
| META Meta Platforms Inc. Class A | 1.64% | 121,699 | $89.8M | Add +2.9% |
| JMBS Janus Henderson Mortg Backed | 1.64% | 1,988,133 | $89.6M | Reduce -0.1% |
| AVDE Avantis International Equity | 1.63% | 1,204,258 | $89.1M | Add +0.9% |
| GOOG Alphabet Inc. Class C | 1.58% | 488,091 | $86.6M | Add +1.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.56% | 2,112,631 | $85.5M | Add +0.3% |
| SPYI Neos S&P 500 High Income ETF | 1.54% | 1,668,983 | $84.0M | Add +1.6% |
| RECS Columbia Resear Enh Cor ETF | 1.37% | 2,031,726 | $74.7M | Add +1.2% |
| ULST SS Ultra Short TM Bond ETF | 1.34% | 1,796,931 | $73.1M | Reduce -2.7% |
| GSY Invesco Ultra Short Duration | 1.33% | 1,452,667 | $72.8M | Reduce -2.5% |
| AVEM Avantis Emerging Markets Eq | 1.28% | 1,022,529 | $70.1M | Add +0.8% |
| QUAL iShares MSCI USA Quality Fac | 1.25% | 375,456 | $68.6M | Add +0.9% |
| BBUS JPMorgan Betabuilders US Equ | 1.19% | 581,991 | $65.1M | Add +3.1% |
| IGTR Innovator Grad Tact Rotation | 1.11% | 2,465,471 | $60.8M | Reduce -17.0% |
| GLDM SPDR Gold Minishares Trust | 1.11% | 922,651 | $60.5M | Add +1.8% |
| AVGO Broadcom Inc. | 1.08% | 215,202 | $59.3M | Add +21.7% |
| JAAA Janus Henderson Aaa Clo ETF | 1.00% | 1,080,944 | $54.9M | Add +2.7% |
| GS Goldman Sachs Group Inc. | 1.00% | 77,204 | $54.6M | Reduce -7.8% |
| JPM JPMorgan Chase & Co. | 0.99% | 187,431 | $54.3M | Add +0.0% |
| XFIV Bondbloxx BBG 5 YR US Treas | 0.96% | 1,061,858 | $52.4M | Add +5.8% |
| V Visa Inc. Class A | 0.94% | 145,123 | $51.5M | Reduce -4.1% |
| PRFD PIMCO Pref and Cap Sec Act | 0.93% | 1,001,796 | $51.1M | Add +0.3% |
| HELO JPMorgan Hedged Equity ETF | 0.90% | 786,491 | $49.2M | Add +0.5% |
| DABS Doubleline Asset-Backed ETF | 0.89% | 956,788 | $48.5M | Add +3.7% |
| BAPR Innovator U.S. Equity Buffer | 0.86% | 1,035,285 | $46.8M | New |
| MS Morgan Stanley | 0.85% | 331,198 | $46.7M | Reduce -1.4% |
| FEBT Allianzim US Eq BFFR10 FB-US | 0.85% | 1,323,678 | $46.5M | New |
| XBAP Innovator US Eqy Accel 9 Buf | 0.84% | 1,249,798 | $45.9M | New |
| CVX Chevron Corp. | 0.83% | 317,405 | $45.4M | Add +9.9% |
| SMOT Vaneck Morningstar Smid Moat | 0.79% | 1,236,426 | $43.0M | Add +2.0% |
| BBBS BBLX BBB 1-5Y Corp. Bond ETF | 0.74% | 784,172 | $40.3M | Add +5.7% |
| MBS Angel Oak Mortg-Bcked SE ETF | 0.74% | 4,658,960 | $40.2M | Add +5.8% |
| ABT Abbott Laboratories | 0.73% | 293,031 | $39.9M | Add +2.7% |
| MDT Medtronic PLC | 0.72% | 451,679 | $39.4M | Add +0.6% |
| XBJL Inn US Eq Acc 9 Buff July | 0.72% | 1,092,508 | $39.3M | Reduce -46.6% |
| WMT Walmart Inc. | 0.71% | 396,702 | $38.8M | Reduce -2.8% |
| UNH Unitedhealth Group Inc. | 0.70% | 123,184 | $38.4M | Add +11.0% |
| OCTW Alianzim US Eq BFR20 Oct-Usd | 0.70% | 1,031,815 | $38.2M | Reduce -59.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.69% | 77,230 | $37.5M | Add +8.5% |
| KO The Coca-Cola Co. | 0.69% | 530,110 | $37.5M | Add +1.9% |
| XSVN Bondbloxx BBG 7 YR US Treas | 0.66% | 757,601 | $36.3M | Add +5.7% |
| MCD McDonald's Corp. | 0.65% | 121,309 | $35.4M | Add +1.3% |
| PG The Procter & Gamble Co. | 0.63% | 215,788 | $34.4M | Reduce -14.8% |
| NFLX Netflix Inc. | 0.62% | 25,456 | $34.1M | Reduce -4.9% |
| JNJ Johnson & Johnson | 0.62% | 222,172 | $33.9M | Add +0.9% |
| EXR Extra Space Storage Inc. | 0.62% | 230,097 | $33.9M | Add +3.1% |
| SBUX Starbucks Corp. | 0.62% | 367,225 | $33.6M | Add +6.1% |
| NAPR Innovator Growth 100 Power B | 0.61% | 655,603 | $33.4M | New |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.61% | 630,782 | $33.3M | Add +0.1% |
| SPTI SS SPDR P Int Term TSY ETF | 0.61% | 1,153,761 | $33.2M | Add +0.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.61% | 361,821 | $33.2M | Add +28.3% |
| XTRE Bondbloxx BBG 3Y US TSY ETF | 0.59% | 648,316 | $32.3M | Add +5.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.58% | 673,501 | $31.9M | Reduce -3.3% |
| PANW Palo Alto Networks Inc. | 0.57% | 152,520 | $31.2M | Add +5.1% |
| LOW Lowe's Cos Inc. | 0.56% | 137,054 | $30.4M | Add +18.3% |
| URI United Rentals Inc. | 0.55% | 40,276 | $30.3M | Add +0.2% |
| NEE Nextera Energy Inc. | 0.54% | 425,198 | $29.5M | Add +5.5% |
| RSP Invesco S&P 500 Equal Weight | 0.54% | 162,176 | $29.5M | Add +2.4% |
| CRPT FT Skybr Crypt & Dig Econ | 0.54% | 1,269,793 | $29.5M | Add +14.7% |
| APH Amphenol Corp. Class A | 0.52% | 287,788 | $28.4M | Reduce -11.9% |
| PCMM BBLX Private Credit Clo ETF | 0.51% | 552,157 | $27.8M | Add +6.4% |
| AZEK The Azek Co. Inc. | 0.49% | 496,802 | $27.0M | Reduce -0.8% |
| TJUL Innovator Equity Defined Pro | 0.49% | 933,296 | $26.8M | Reduce -1.1% |
| ETN Eaton Corp. PLC | 0.49% | 74,381 | $26.6M | Add +7.3% |
| TGT Target Corp. | 0.48% | 267,985 | $26.4M | Reduce -1.4% |
| FTSM First Trust Enh Short Mat FD | 0.46% | 423,183 | $25.3M | Reduce -0.9% |
| JULT All US Equ BUF10 Jul ETF-Usd | 0.46% | 605,507 | $25.3M | New |
| NOW ServiceNow Inc. | 0.46% | 24,527 | $25.2M | Reduce -5.2% |
| PWR Quanta Services Inc. | 0.46% | 66,680 | $25.2M | Reduce -7.4% |
| COST Costco Wholesale Corp. | 0.44% | 24,534 | $24.3M | Reduce -2.8% |
| PYPL PayPal Holdings Inc. | 0.44% | 324,218 | $24.1M | Reduce -6.7% |
| LRCX Lam Research Corp. | 0.43% | 244,452 | $23.8M | Add +4.5% |
| DXCM Dexcom Inc. | 0.43% | 269,748 | $23.5M | Reduce -4.1% |
| BSX Boston Scientific Corp. | 0.43% | 218,414 | $23.5M | Reduce -2.7% |
| INTU Intuit Inc. | 0.41% | 28,736 | $22.6M | Reduce -17.6% |
| ISEP Innovator Intl Dev Eq Power | 0.41% | 727,954 | $22.5M | New |
| ECL Ecolab Inc. | 0.41% | 82,924 | $22.3M | Add +7.5% |
| MLPA Global X MLP ETF | 0.40% | 435,103 | $21.8M | Add +1.1% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.40% | 406,825 | $21.7M | Reduce -1.6% |
| COP Conocophillips | 0.40% | 241,160 | $21.6M | Reduce -13.1% |
| WCN Waste Connections Inc. | 0.39% | 114,922 | $21.5M | Add +22.0% |
| CSHI Neos Enhanced Income 1-3 Mon | 0.39% | 429,661 | $21.4M | Reduce -0.7% |
| SNPS Synopsys Inc. | 0.39% | 41,237 | $21.1M | Add +28.8% |
| ARKW ARK Next Generation Technolo | 0.37% | 137,624 | $20.3M | Add +16.2% |
| XTEN Bondbloxx BBG 10Y US TSY ETF | 0.37% | 434,151 | $20.0M | Add +6.3% |
| BLOK Amplify Blockchain Tech ETF | 0.36% | 345,277 | $19.7M | Add +16.8% |
| EQIX Equinix Inc. | 0.36% | 24,684 | $19.6M | Add +19.4% |
| PFE Pfizer Inc. | 0.36% | 809,361 | $19.6M | Reduce -30.3% |
| LUV Southwest Airlines Co. | 0.33% | 548,423 | $17.8M | Add +4.5% |
| CAH Cardinal Health Inc. | 0.32% | 105,601 | $17.7M | Reduce -5.0% |
| UBER Uber Technologies Inc. | 0.32% | 189,421 | $17.7M | New |
| BKR Baker Hughes Co. | 0.32% | 459,127 | $17.6M | Add +26.5% |
| PODD Insulet Corp. | 0.32% | 55,473 | $17.4M | New |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.32% | 514,192 | $17.4M | Reduce -30.2% |
Portfolio Sells Q1 2025 → Q2 2025
| OCTW Alianzim US Eq BFR20 Oct-Usd | Reduce -59.1% | 0.70% | −1.09 |
| JUNW Alianzim US Eq BFR20 Jun-Usd | Sold out | 0.00% | −0.87 |
| XBJL Inn US Eq Acc 9 Buff July | Reduce -46.6% | 0.72% | −0.68 |
| XBOC Innovator US Eqy Acc 9 Buff | Reduce -98.8% | 0.01% | −0.64 |
| BALT Inn Defined Wealth Shield | Sold out | 0.00% | −0.35 |
| IGTR Innovator Grad Tact Rotation | Reduce -17.0% | 1.11% | −0.35 |
| GPN Global Payments Inc. | Reduce -90.2% | 0.03% | −0.33 |
| SLB SLB Ltd. | Reduce -30.2% | 0.32% | −0.30 |
| IMAR Innovator Intdevpow Buf-Mar | Sold out | 0.00% | −0.27 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -4.2% | 1.82% | −0.27 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.27 |
| AXP American Express Co. | Reduce -95.3% | 0.01% | −0.25 |
| PG The Procter & Gamble Co. | Reduce -14.8% | 0.63% | −0.24 |
| PFE Pfizer Inc. | Reduce -30.3% | 0.36% | −0.23 |
| EOCT Innovator Emer MKT PWR Buff | Sold out | 0.00% | −0.23 |
| ARE Alexandria Real Estate Equit | Reduce -85.4% | 0.02% | −0.22 |
| KJUL Innovator U.S. Small Cap Pow | Sold out | 0.00% | −0.21 |
| COP Conocophillips | Reduce -13.1% | 0.40% | −0.19 |
| ULST SS Ultra Short TM Bond ETF | Reduce -2.7% | 1.34% | −0.18 |
| JMBS Janus Henderson Mortg Backed | Reduce -0.1% | 1.64% | −0.18 |
| GSY Invesco Ultra Short Duration | Reduce -2.5% | 1.33% | −0.17 |
| V Visa Inc. Class A | Reduce -4.1% | 0.94% | −0.13 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -1.1% | 0.31% | −0.12 |
| TGT Target Corp. | Reduce -1.4% | 0.48% | −0.09 |
| KVUE Kenvue Inc. | Reduce -0.8% | 0.22% | −0.06 |
| HD Home Depot Inc. | Reduce -9.5% | 0.24% | −0.05 |
| FTSM First Trust Enh Short Mat FD | Reduce -0.9% | 0.46% | −0.05 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.05 |
| TJUL Innovator Equity Defined Pro | Reduce -1.1% | 0.49% | −0.04 |
| CSHI Neos Enhanced Income 1-3 Mon | Reduce -0.7% | 0.39% | −0.04 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -1.6% | 0.40% | −0.04 |
| XEL Xcel Energy Inc. | Reduce -1.5% | 0.25% | −0.04 |
| CB Chubb Ltd. | Reduce -1.2% | 0.25% | −0.04 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -0.4% | 0.29% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -2.8% | 0.44% | −0.04 |
| NOC Northrop Grumman Corp. | Reduce -1.3% | 0.24% | −0.03 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -0.1% | 0.32% | −0.03 |
| DCRE DBL Comm Real Est Debt | Reduce -0.8% | 0.28% | −0.03 |
| AMT American Tower Corp. | Reduce -2.4% | 0.25% | −0.03 |
| CI The Cigna Group | Reduce -1.6% | 0.24% | −0.03 |
| BSX Boston Scientific Corp. | Reduce -2.7% | 0.43% | −0.03 |
| RSSL Global X Russell 2000 ETF | Sold out | 0.00% | −0.02 |
| INTU Intuit Inc. | Reduce -17.6% | 0.41% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -6.7% | 0.44% | −0.02 |
| BBSC JPMorgan Betabuilders US SC | Sold out | 0.00% | −0.02 |
| ICE Intercontinental Exchange Inc. | Reduce -1.6% | 0.27% | −0.01 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -15.4% | 0.09% | −0.01 |
| WMT Walmart Inc. | Reduce -2.8% | 0.71% | −0.01 |
| EAGG iShares ESG Aware US Aggrega | Reduce -17.2% | 0.04% | −0.01 |
| EFIV SS SPDR S&P 500 ESG ETF | Reduce -17.0% | 0.06% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| BAPR Innovator U.S. Equity Buffer | New | 0.86% | +0.86 |
| FEBT Allianzim US Eq BFFR10 FB-US | New | 0.85% | +0.85 |
| XBAP Innovator US Eqy Accel 9 Buf | New | 0.84% | +0.84 |
| NAPR Innovator Growth 100 Power B | New | 0.61% | +0.61 |
| AVGO Broadcom Inc. | Add +21.7% | 1.08% | +0.49 |
| JULT All US Equ BUF10 Jul ETF-Usd | New | 0.46% | +0.46 |
| ISEP Innovator Intl Dev Eq Power | New | 0.41% | +0.41 |
| UBER Uber Technologies Inc. | New | 0.32% | +0.32 |
| PODD Insulet Corp. | New | 0.32% | +0.32 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.31% | +0.31 |
| META Meta Platforms Inc. Class A | Add +2.9% | 1.64% | +0.27 |
| CRPT FT Skybr Crypt & Dig Econ | Add +14.7% | 0.54% | +0.27 |
| T AT&T Inc. | Add +1869.1% | 0.24% | +0.23 |
| ALL Allstate Corp. | Add +5053.6% | 0.22% | +0.21 |
| EAPR Innovator Emerging Markets P | New | 0.21% | +0.21 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +3.1% | 4.72% | +0.15 |
| ARKW ARK Next Generation Technolo | Add +16.2% | 0.37% | +0.15 |
| BLOK Amplify Blockchain Tech ETF | Add +16.8% | 0.36% | +0.14 |
| SCHX Schwab US Large-Cap ETF | Add +1171.9% | 0.14% | +0.13 |
| AMZN Amazon.com Inc. | Add +1.3% | 2.21% | +0.12 |
| DFUS Dimensional US Eq MKT ETF | Add +1350.7% | 0.13% | +0.12 |
| SNPS Synopsys Inc. | Add +28.8% | 0.39% | +0.11 |
| MUB iShares National Muni Bond E | Add +96.7% | 0.24% | +0.11 |
| ETN Eaton Corp. PLC | Add +7.3% | 0.49% | +0.11 |
| AVUS Avantis U.S. Equity ETF | Add +112.2% | 0.18% | +0.09 |
| LRCX Lam Research Corp. | Add +4.5% | 0.43% | +0.09 |
| IVV iShares Core S&P 500 ETF | Add +56.8% | 0.24% | +0.09 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +28.3% | 0.61% | +0.09 |
| CHAT Roundhill Gen AI & Tech ETF | Add +16.2% | 0.23% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +329.4% | 0.09% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +1.8% | 1.58% | +0.07 |
| PANW Palo Alto Networks Inc. | Add +5.1% | 0.57% | +0.07 |
| LOUP Innovator Deepwater Frontier | Add +17.7% | 0.22% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +0.0% | 0.99% | +0.07 |
| IETC iShares U.S. Tech Independen | Add +16.3% | 0.21% | +0.05 |
| HODL Vaneck Bitcoin ETF | Add +14.4% | 0.19% | +0.05 |
| AVEM Avantis Emerging Markets Eq | Add +0.8% | 1.28% | +0.05 |
| QTUM Defiance Quantum ETF | Add +16.5% | 0.21% | +0.05 |
| NJAN Innovator Growth 100 Power B | New | 0.05% | +0.05 |
| URI United Rentals Inc. | Add +0.2% | 0.55% | +0.05 |
| JANT Allianzim US Eq BFFR10 JN-US | New | 0.04% | +0.04 |
| BBUS JPMorgan Betabuilders US Equ | Add +3.1% | 1.19% | +0.04 |
| ITW Illinois Tool Works | New | 0.04% | +0.04 |
| JMST JPM Ultra-Short Muni Income | Add +95.7% | 0.09% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | New | 0.04% | +0.04 |
| C Citigroup Inc. | Add +512.3% | 0.04% | +0.04 |
| JEF Jefferies Financial Group Inc. | New | 0.04% | +0.04 |
| KEY Keycorp | New | 0.04% | +0.04 |
| NJUL Innovator Growth 100 Power B | New | 0.04% | +0.04 |
| AVDE Avantis International Equity | Add +0.9% | 1.63% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 448 | $7.2B | SPYM, NVDA, DMBS, AAPL, AMZN |
| Q1 2026 | 420 | $6.5B | SPYM, DMBS, GLDM, NVDA, AMZN |
| Q4 2025 | 343 | $6.3B | SPYM, MSFT, NVDA, AMZN, AAPL |
| Q3 2025 | 369 | $6.0B | SPYM, NVDA, MSFT, AMZN, AAPL |
| Q2 2025 | 358 | $5.5B | SPYM, MSFT, NVDA, AMZN, SPAB |
| Q1 2025 | 320 | $5.0B | SPYM, SPAB, AMZN, MSFT, AAPL |
| Q4 2024 | 298 | $4.9B | SPYM, SPDW, IGTR, SPYI, SPAB |
| Q3 2024 | 299 | $4.8B | SPYM, IGTR, SIXJ, SPDW, SPAB |
| Q2 2024 | 1,362 | $4.5B | SPYM, IGTR, SPDW, SPAB, IGIB |
| Q1 2024 | 1,190 | $4.3B | SPYM, IGTR, IGIB, SPDW, SPAB |