Great Waters Wealth Management
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 9, 2026), Great Waters Wealth Management reported 127 stock positions worth $1.1 billion. Its top holding was Dimensional US Eq MKT ETF (DFUS) at 22.3% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 17.2%) and Dimensional Core Fixed (DFCF, 15.0%). Compared with Q1 2026, it opened 7 new positions, sold out of 1, added to 51 and reduced 44. The biggest buy was Dimensional US Eq MKT ETF (DFUS, shares +4%) and the biggest sale Vanguard Total Bond Market (BND, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- SHOREVIEW, MN
- CIK
- 0001964535
- Portfolio Value
- $1.1B (Q2 2026)
- SEC Filing
- 0001964535-26-000003 ↗ filed Jul 9, 2026
Holdings Value
Holdings 127 stocks · $1.1B
| DFUS Dimensional US Eq MKT ETF | 22.28% | 2,934,668 | $240.5M | Add +4.1% |
| DFAX Dimensional World Ex US Core | 17.25% | 5,054,079 | $186.2M | Add +3.4% |
| DFCF Dimensional Core Fixed Inc. | 14.99% | 3,833,555 | $161.8M | Add +10.4% |
| DFAS Dimensional US Small Cap ETF | 8.77% | 1,150,130 | $94.7M | Add +4.9% |
| DFSD Dimensional Short Duration | 8.62% | 1,949,171 | $93.1M | Add +9.3% |
| DFAT Dimensional US Target Value | 5.75% | 888,357 | $62.1M | Add +4.1% |
| BND Vanguard Total Bond Market | 2.67% | 393,030 | $28.9M | Reduce -4.1% |
| DFGR Dim Global Real Estate ETF | 2.55% | 951,736 | $27.6M | Add +7.1% |
| IWM iShares Russell 2000 ETF | 2.03% | 72,850 | $21.9M | Reduce -6.3% |
| DFIC Dimensional International Co. | 1.98% | 574,484 | $21.4M | Reduce -7.5% |
| DFAC Dimensional US Core Equity 2 | 1.19% | 290,112 | $12.9M | Reduce -1.5% |
| AAPL Apple Inc. | 0.83% | 30,795 | $8.9M | Add +3.2% |
| DFAE Dimensional Emerging Core Eq | 0.80% | 213,771 | $8.6M | Reduce -9.6% |
| UNH Unitedhealth Group Inc. | 0.79% | 20,620 | $8.6M | Add +10.1% |
| NVDA Nvidia Corp. | 0.64% | 34,335 | $6.9M | Reduce -0.2% |
| MMM 3M Co. | 0.37% | 24,404 | $4.0M | Reduce -0.5% |
| MU Micron Technology Inc. | 0.35% | 3,318 | $3.8M | Reduce -0.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.27% | 56,704 | $2.9M | Reduce -0.7% |
| SCHB Schwab US Broad Market ETF | 0.25% | 94,971 | $2.8M | Reduce -0.3% |
| DCI Donaldson Co. Inc. | 0.25% | 30,219 | $2.7M | No change |
| SPGM State Street SPDR Portfolio | 0.24% | 30,490 | $2.6M | Reduce -3.2% |
| IWF iShares Russell 1000 Growth | 0.23% | 20,022 | $2.5M | Reduce -0.5% |
| SCHD Schwab US DVD Equity ETF | 0.23% | 77,319 | $2.5M | Reduce -4.3% |
| EFA iShares MSCI Eafe ETF | 0.19% | 19,476 | $2.0M | Add +0.7% |
| MSFT Microsoft Corp. | 0.18% | 5,313 | $2.0M | Add +5.0% |
| TER Teradyne Inc. | 0.18% | 4,012 | $1.9M | No change |
| IWD iShares Russell 1000 Value E | 0.18% | 7,858 | $1.9M | Add +0.2% |
| TSLA Tesla Inc. | 0.17% | 4,392 | $1.8M | Reduce -1.4% |
| HON Honeywell International Inc. | 0.17% | 8,158 | $1.8M | Reduce -51.1% |
| ACWI iShares MSCI Acwi ETF | 0.17% | 11,623 | $1.8M | Reduce -2.9% |
| SCHF Schwab Intl Equity ETF | 0.17% | 65,198 | $1.8M | Add +0.2% |
| AMD Advanced Micro Devices | 0.17% | 3,093 | $1.8M | No change |
| CORP PIMCO Inv Grade Corp. BD ETF | 0.16% | 18,053 | $1.7M | Reduce -3.0% |
| AMZN Amazon.com Inc. | 0.16% | 7,280 | $1.7M | Add +18.3% |
| COST Costco Wholesale Corp. | 0.16% | 1,812 | $1.7M | Add +6.0% |
| SPLV Invesco S&P 500 Low Volatili | 0.16% | 22,616 | $1.7M | Reduce -2.5% |
| SCHG Schwab US Large-Cap Growth | 0.15% | 46,875 | $1.6M | Add +5.3% |
| SRLN SS Blackstone Sr Loan ETF | 0.14% | 37,787 | $1.5M | Reduce -4.0% |
| SCHA Schwab US Small-Cap ETF | 0.14% | 40,621 | $1.5M | Reduce -4.1% |
| SCHO Schwab Short-Term US Treas | 0.12% | 55,352 | $1.3M | Reduce -4.8% |
| SCHM Schwab US Mid Cap ETF | 0.12% | 35,598 | $1.3M | Reduce -2.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.11% | 1,571 | $1.2M | Add +58.9% |
| VGSH Vanguard Short-Term Treasury | 0.10% | 18,927 | $1.1M | Add +1.1% |
| MDT Medtronic PLC | 0.10% | 13,487 | $1.1M | Add +15.8% |
| SCHZ Schwab US Aggregate Bond ETF | 0.10% | 44,782 | $1.0M | Reduce -1.2% |
| IVV iShares Core S&P 500 ETF | 0.09% | 1,348 | $1.0M | Add +2.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 2,119 | $966K | Add +105.5% |
| LLY Eli Lilly & Co. | 0.09% | 781 | $937K | Add +4.4% |
| TT Trane Technologies PLC | 0.08% | 1,849 | $908K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.08% | 1,768 | $885K | No change |
| IFLN Invesco Bloomberg Enhanced F | 0.08% | 47,569 | $870K | Reduce -2.0% |
| GOOGL Alphabet Inc. Class A | 0.08% | 2,352 | $840K | Add +1.0% |
| LRCX Lam Research Corp. | 0.08% | 1,881 | $815K | No change |
| XEL Xcel Energy Inc. | 0.08% | 10,133 | $814K | Reduce -3.1% |
| ECL Ecolab Inc. | 0.07% | 2,877 | $801K | Add +103.5% |
| FICO Fair Isaac Corp. | 0.07% | 637 | $761K | No change |
| MCK McKesson Corp. | 0.07% | 982 | $742K | No change |
| DGRE Wisdomtree Emerging Markets | 0.06% | 16,652 | $680K | Reduce -3.7% |
| VGK Vanguard Ftse Europe ETF | 0.06% | 7,365 | $652K | Reduce -6.3% |
| DAL Delta Air Lines Inc. | 0.06% | 6,944 | $650K | Add +6.8% |
| CL Colgate-Palmolive Co. | 0.06% | 7,053 | $647K | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.06% | 1,756 | $621K | Add +91.7% |
| PFE Pfizer Inc. | 0.06% | 25,379 | $611K | Reduce -0.5% |
| MCD McDonald's Corp. | 0.06% | 2,232 | $603K | Add +0.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.05% | 1,566 | $580K | Reduce -1.6% |
| JNJ Johnson & Johnson | 0.05% | 2,173 | $552K | Add +0.7% |
| CAT Caterpillar Inc. | 0.05% | 513 | $546K | Add +0.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.05% | 1,030 | $538K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.05% | 1,090 | $521K | Reduce -0.6% |
| PCY Invesco Emerging Markets Sov | 0.05% | 23,490 | $509K | Reduce -3.0% |
| TTC Toro Co. | 0.04% | 4,947 | $482K | No change |
| OHI Omega Healthcare Investors | 0.04% | 10,000 | $477K | No change |
| AMAT Applied Materials Inc. | 0.04% | 656 | $474K | Add +0.1% |
| ITOT iShares Core S&P Total U.S. | 0.04% | 2,822 | $464K | Reduce -2.7% |
| CSCO Cisco Systems Inc. | 0.04% | 3,865 | $454K | Add +0.5% |
| TRV The Travelers Cos Inc. | 0.04% | 1,375 | $454K | Reduce -2.5% |
| WMT Walmart Inc. | 0.04% | 3,978 | $451K | Add +13.1% |
| MO Altria Group Inc. | 0.04% | 6,240 | $449K | Add +14.8% |
| SOLV Solventum Corp. | 0.04% | 5,568 | $430K | Reduce -0.9% |
| ENTG Entegris Inc. | 0.04% | 2,379 | $428K | No change |
| FITB Fifth Third Bancorp | 0.04% | 7,560 | $426K | No change |
| PEP Pepsico Inc. | 0.04% | 3,040 | $412K | Add +7.1% |
| GMF State Street SPDR S&P Emergi | 0.04% | 2,594 | $407K | Reduce -1.1% |
| HD Home Depot Inc. | 0.04% | 1,110 | $392K | Add +0.7% |
| INTC Intel Corp. | 0.04% | 2,798 | $391K | New |
| VOO Vanguard S&P 500 ETF | 0.04% | 550 | $378K | Add +16.3% |
| AMP Ameriprise Financial Inc. | 0.03% | 819 | $376K | No change |
| SOLS Solstice Adv Materials Inc. | 0.03% | 4,232 | $375K | Add +0.0% |
| ABT Abbott Laboratories | 0.03% | 4,010 | $364K | Add +0.5% |
| ABBV Abbvie Inc. | 0.03% | 1,443 | $363K | Add +21.8% |
| AVGO Broadcom Inc. | 0.03% | 953 | $360K | Add +2.0% |
| COR Cencora Inc. | 0.03% | 1,258 | $356K | No change |
| GIS General Mills Inc. | 0.03% | 10,225 | $356K | Add +0.4% |
| ACVF American Conservative Values | 0.03% | 6,389 | $348K | Reduce -4.9% |
| USB US Bancorp | 0.03% | 5,753 | $347K | Reduce -2.3% |
| META Meta Platforms Inc. Class A | 0.03% | 608 | $342K | Reduce -0.3% |
| IGM iShares Expanded Tech Sector | 0.03% | 2,028 | $332K | No change |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.03% | 9,120 | $331K | Add +0.2% |
| ROST Ross Stores Inc. | 0.03% | 1,552 | $330K | Reduce -0.1% |
| VEA Vanguard Ftse Developed ETF | 0.03% | 4,632 | $330K | Reduce -6.7% |
Portfolio Sells Q1 2026 → Q2 2026
| BND Vanguard Total Bond Market | Reduce -4.1% | 2.67% | −0.52 |
| DFIC Dimensional International Co. | Reduce -7.5% | 1.98% | −0.35 |
| HON Honeywell International Inc. | Reduce -51.1% | 0.17% | −0.23 |
| DFAE Dimensional Emerging Core Eq | Reduce -9.6% | 0.80% | −0.05 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -0.7% | 0.27% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Reduce -4.3% | 0.23% | −0.04 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -3.0% | 0.16% | −0.03 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -4.0% | 0.14% | −0.03 |
| SCHO Schwab Short-Term US Treas | Reduce -4.8% | 0.12% | −0.03 |
| UNFI United Natural Foods Inc. | Sold out | 0.00% | −0.03 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -2.5% | 0.16% | −0.02 |
| DFAC Dimensional US Core Equity 2 | Reduce -1.5% | 1.19% | −0.02 |
| PFE Pfizer Inc. | Reduce -0.5% | 0.06% | −0.02 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -1.2% | 0.10% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -6.3% | 2.03% | −0.01 |
| XEL Xcel Energy Inc. | Reduce -3.1% | 0.08% | −0.01 |
| IFLN Invesco Bloomberg Enhanced F | Reduce -2.0% | 0.08% | −0.01 |
| MMM 3M Co. | Reduce -0.5% | 0.37% | −0.01 |
| SPGM State Street SPDR Portfolio | Reduce -3.2% | 0.24% | −0.01 |
| VGK Vanguard Ftse Europe ETF | Reduce -6.3% | 0.06% | −0.01 |
| PCY Invesco Emerging Markets Sov | Reduce -3.0% | 0.05% | −0.01 |
| ACWI iShares MSCI Acwi ETF | Reduce -2.9% | 0.17% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 0.03% | −0.01 |
| ROST Ross Stores Inc. | Reduce -0.1% | 0.03% | −0.01 |
| TSLA Tesla Inc. | Reduce -1.4% | 0.17% | −0.00 |
| WFC Wells Fargo & Co. | Reduce -3.1% | 0.03% | −0.00 |
| QYLD Global X Nasd 100 Cov Call | Reduce -10.2% | 0.02% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -6.7% | 0.03% | −0.00 |
| TGT Target Corp. | Reduce -3.3% | 0.03% | −0.00 |
| ACVF American Conservative Values | Reduce -4.9% | 0.03% | −0.00 |
| TRV The Travelers Cos Inc. | Reduce -2.5% | 0.04% | −0.00 |
| ITOT iShares Core S&P Total U.S. | Reduce -2.7% | 0.04% | −0.00 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -2.0% | 0.02% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.6% | 0.05% | −0.00 |
| USB US Bancorp | Reduce -2.3% | 0.03% | −0.00 |
| GMF State Street SPDR S&P Emergi | Reduce -1.1% | 0.04% | −0.00 |
| SOLV Solventum Corp. | Reduce -0.9% | 0.04% | +0.00 |
| NVDA Nvidia Corp. | Reduce -0.2% | 0.64% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -2.8% | 0.12% | +0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -0.3% | 0.25% | +0.00 |
| DGRE Wisdomtree Emerging Markets | Reduce -3.7% | 0.06% | +0.00 |
| IWF iShares Russell 1000 Growth | Reduce -0.5% | 0.23% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -4.1% | 0.14% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.6% | 0.05% | +0.01 |
| MU Micron Technology Inc. | Reduce -0.0% | 0.35% | +0.24 |
Portfolio Buys Q1 2026 → Q2 2026
| DFUS Dimensional US Eq MKT ETF | Add +4.1% | 22.28% | +1.13 |
| DFAS Dimensional US Small Cap ETF | Add +4.9% | 8.77% | +0.52 |
| UNH Unitedhealth Group Inc. | Add +10.1% | 0.79% | +0.26 |
| DFAT Dimensional US Target Value | Add +4.1% | 5.75% | +0.11 |
| DFGR Dim Global Real Estate ETF | Add +7.1% | 2.55% | +0.06 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.05% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +58.9% | 0.11% | +0.04 |
| INTC Intel Corp. | New | 0.04% | +0.04 |
| ECL Ecolab Inc. | Add +103.5% | 0.07% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +91.7% | 0.06% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +105.5% | 0.09% | +0.03 |
| AMZN Amazon.com Inc. | Add +18.3% | 0.16% | +0.03 |
| BIV Vanguard Intermediate-Term B | New | 0.02% | +0.02 |
| AAPL Apple Inc. | Add +3.2% | 0.83% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.02% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | New | 0.02% | +0.02 |
| AMAT Applied Materials Inc. | Add +0.1% | 0.04% | +0.02 |
| NVT Nvent Electric PLC | New | 0.02% | +0.02 |
| C Citigroup Inc. | New | 0.02% | +0.02 |
| DAL Delta Air Lines Inc. | Add +6.8% | 0.06% | +0.01 |
| LLY Eli Lilly & Co. | Add +4.4% | 0.09% | +0.01 |
| CAT Caterpillar Inc. | Add +0.6% | 0.05% | +0.01 |
| CSCO Cisco Systems Inc. | Add +0.5% | 0.04% | +0.01 |
| SCHG Schwab US Large-Cap Growth | Add +5.3% | 0.15% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +1.0% | 0.08% | +0.01 |
| ABBV Abbvie Inc. | Add +21.8% | 0.03% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +16.3% | 0.04% | +0.01 |
| MO Altria Group Inc. | Add +14.8% | 0.04% | +0.00 |
| AVGO Broadcom Inc. | Add +2.0% | 0.03% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +2.4% | 0.09% | +0.00 |
| SOLS Solstice Adv Materials Inc. | Add +0.0% | 0.03% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +3.0% | 0.03% | 0.00 |
| LNT Alliant Energy Corp. | Add +5.8% | 0.03% | −0.00 |
| IWD iShares Russell 1000 Value E | Add +0.2% | 0.18% | −0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +0.2% | 0.03% | −0.00 |
| HD Home Depot Inc. | Add +0.7% | 0.04% | −0.00 |
| SCHF Schwab Intl Equity ETF | Add +0.2% | 0.17% | −0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +2.2% | 0.03% | −0.00 |
| AMGN Amgen Inc. | Add +0.3% | 0.03% | −0.00 |
| CL Colgate-Palmolive Co. | Add +0.1% | 0.06% | −0.00 |
| NEE Nextera Energy Inc. | Add +1.2% | 0.02% | −0.00 |
| WMT Walmart Inc. | Add +13.1% | 0.04% | −0.00 |
| JNJ Johnson & Johnson | Add +0.7% | 0.05% | −0.00 |
| GIS General Mills Inc. | Add +0.4% | 0.03% | −0.01 |
| XOM Exxon Mobil Corp. | Add +2.9% | 0.02% | −0.01 |
| CVX Chevron Corp. | Add +1.1% | 0.02% | −0.01 |
| BSX Boston Scientific Corp. | Add +31.4% | 0.03% | −0.01 |
| PEP Pepsico Inc. | Add +7.1% | 0.04% | −0.01 |
| MDT Medtronic PLC | Add +15.8% | 0.10% | −0.01 |
| ABT Abbott Laboratories | Add +0.5% | 0.03% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 127 | $1.1B | DFUS, DFAX, DFCF, DFAS, DFSD |
| Q1 2026 | 121 | $944.9M | DFUS, DFAX, DFCF, DFSD, DFAS |
| Q4 2025 | 117 | $909.0M | DFUS, DFAX, DFCF, DFSD, DFAS |
| Q3 2025 | 114 | $846.4M | DFUS, DFAX, DFCF, DFSD, DFAS |
| Q2 2025 | 110 | $768.9M | DFUS, DFAX, DFCF, DFSD, DFAS |
| Q1 2025 | 103 | $720.8M | DFUS, DFAX, DFCF, DFSD, DFAS |
| Q4 2024 | 112 | $779.3M | DFUS, DFAX, DFCF, DFAS, DFSD |
| Q3 2024 | 110 | $741.6M | DFUS, DFAX, DFCF, DFSD, BND |
| Q2 2024 | 104 | $654.8M | DFUS, DFAX, DFCF, BND, DFSD |
| Q1 2024 | 99 | $612.3M | DFUS, DFAX, DFCF, BND, DFIC |