Great Waters Wealth Management

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 9, 2024), Great Waters Wealth Management reported 99 stock positions worth $612.3 million. Its top holding was Dimensional US Eq MKT ETF (DFUS) at 16.7% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 12.6%) and Dimensional Core Fixed (DFCF, 10.3%). Compared with Q4 2023, it opened 7 new positions, sold out of 4, added to 31 and reduced 41. The biggest buy was Dimensional US Eq MKT ETF (DFUS, shares +7%) and the biggest sale Vanguard Total Bond Market (BND, shares −8%).

Most Recent 13F
Q2 2026
Location
SHOREVIEW, MN
CIK
0001964535
Portfolio Value
$612.3M (Q1 2024)
SEC Filing
0001964535-24-000003 ↗ filed Apr 9, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $612.3M $612.3M Q1 2024 Q2 2024: $654.8M Q2 2024 Q3 2024: $741.6M Q3 2024 Q4 2024: $779.3M Q4 2024 Q1 2025: $720.8M Q1 2025 Q2 2025: $768.9M Q2 2025 Q3 2025: $846.4M Q3 2025 Q4 2025: $909.0M Q4 2025 Q1 2026: $944.9M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 99 stocks · $612.3M
DFUS Dimensional US Eq MKT ETF 16.68% 1,792,795 $102.2M Add +6.7%
DFAX Dimensional World Ex US Core 12.56% 3,023,687 $76.9M Add +8.2%
DFCF Dimensional Core Fixed Inc. 10.34% 1,508,421 $63.3M Add +19.8%
BND Vanguard Total Bond Market 9.14% 770,469 $56.0M Reduce -7.6%
DFIC Dimensional International Co. 7.26% 1,661,137 $44.4M Reduce -9.1%
DFSD Dimensional Short Duration 6.15% 800,080 $37.6M Add +24.1%
IWM iShares Russell 2000 ETF 6.15% 178,921 $37.6M Reduce -9.2%
DFAS Dimensional US Small Cap ETF 5.90% 579,926 $36.2M Add +9.5%
DFAT Dimensional US Target Value 4.19% 470,906 $25.6M Add +8.0%
DFAE Dimensional Emerging Core Eq 2.51% 622,222 $15.4M Reduce -8.6%
DFAC Dimensional US Core Equity 2 1.92% 367,685 $11.7M Reduce -4.1%
DFGR Dim Global Real Estate ETF 1.82% 436,366 $11.1M Add +10.3%
UNH Unitedhealth Group Inc. 1.51% 18,634 $9.2M Reduce -0.2%
AAPL Apple Inc. 1.01% 36,091 $6.2M Reduce -0.1%
NVDA Nvidia Corp. 0.78% 5,276 $4.8M Add +2.6%
VTEB Vanguard Tax-Exempt Bond ETF 0.59% 71,227 $3.6M Reduce -21.5%
IWF iShares Russell 1000 Growth 0.52% 9,383 $3.2M Reduce -7.5%
MMM 3M Co. 0.43% 28,965 $2.6M Reduce -2.6%
HON Honeywell International Inc. 0.41% 12,239 $2.5M Reduce -14.3%
SCHD Schwab US DVD Equity ETF 0.40% 30,548 $2.5M Add +0.1%
DCI Donaldson Co. Inc. 0.40% 32,585 $2.4M Reduce -1.8%
SPGM State Street SPDR Portfolio 0.39% 40,014 $2.4M Reduce -1.5%
SCHB Schwab US Broad Market ETF 0.38% 37,623 $2.3M Add +0.4%
MSFT Microsoft Corp. 0.33% 4,758 $2.0M Add +6.2%
EFA iShares MSCI Eafe ETF 0.33% 24,921 $2.0M Reduce -26.9%
CORP PIMCO Inv Grade Corp. BD ETF 0.32% 20,499 $2.0M Reduce -1.7%
SRLN SS Blackstone Sr Loan ETF 0.30% 43,821 $1.8M Reduce -0.8%
IWD iShares Russell 1000 Value E 0.28% 9,729 $1.7M Reduce -28.5%
SPLV Invesco S&P 500 Low Volatili 0.27% 24,671 $1.6M Reduce -0.3%
SCHG Schwab US Large-Cap Growth 0.26% 17,146 $1.6M Reduce -1.7%
SCHO Schwab Short-Term US Treas 0.25% 31,276 $1.5M Reduce -1.9%
ACWI iShares MSCI Acwi ETF 0.24% 13,320 $1.5M Reduce -2.0%
VGSH Vanguard Short-Term Treasury 0.23% 24,006 $1.4M Reduce -24.4%
AMZN Amazon.com Inc. 0.23% 7,697 $1.4M Reduce -0.8%
MDT Medtronic PLC 0.23% 15,843 $1.4M Add +90.7%
SCHF Schwab Intl Equity ETF 0.21% 33,249 $1.3M Reduce -0.7%
SCHA Schwab US Small-Cap ETF 0.21% 25,779 $1.3M Reduce -1.7%
COST Costco Wholesale Corp. 0.21% 1,727 $1.3M Add +12.9%
XEL Xcel Energy Inc. 0.21% 23,386 $1.3M Add +0.7%
HWKN Hawkins Inc. 0.19% 15,537 $1.2M Add +0.2%
SCHZ Schwab US Aggregate Bond ETF 0.19% 24,979 $1.1M Add +4.4%
SCHM Schwab US Mid Cap ETF 0.18% 13,679 $1.1M Reduce -1.5%
IFLN Invesco Bloomberg Enhanced F 0.16% 52,716 $956K Reduce -0.7%
VGK Vanguard Ftse Europe ETF 0.14% 12,728 $857K Reduce -19.3%
FICO Fair Isaac Corp. 0.14% 685 $856K Reduce -5.7%
ECL Ecolab Inc. 0.13% 3,403 $786K Reduce -19.4%
GIS General Mills Inc. 0.13% 11,220 $785K Reduce -8.2%
TER Teradyne Inc. 0.13% 6,953 $785K No change
TTC Toro Co. 0.12% 8,211 $752K Add +0.0%
PFE Pfizer Inc. 0.12% 26,969 $748K Add +3.3%
BRK.B Berkshire Hathaway Inc. Class B 0.12% 1,720 $723K Add +17.2%
IVV iShares Core S&P 500 ETF 0.11% 1,323 $695K Reduce -0.2%
CL Colgate-Palmolive Co. 0.11% 7,552 $680K No change
VTI VG Morningstar TS MKT ETF-US 0.11% 2,543 $661K Reduce -6.9%
LLY Eli Lilly & Co. 0.11% 843 $656K No change
PCY Invesco Emerging Markets Sov 0.10% 30,625 $627K Reduce -3.3%
TSLA Tesla Inc. 0.09% 3,074 $540K Add +7.3%
MCK McKesson Corp. 0.09% 994 $534K No change
ENTG Entegris Inc. 0.09% 3,774 $530K New
CNI Canadian Natl Railway Co. 0.08% 3,894 $513K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.08% 980 $513K Add +19.4%
BSX Boston Scientific Corp. 0.08% 7,467 $511K Reduce -28.3%
USB US Bancorp 0.08% 11,384 $509K Reduce -2.1%
DGRE Wisdomtree Emerging Markets 0.08% 19,389 $498K Reduce -3.0%
ABT Abbott Laboratories 0.07% 3,871 $440K Add +8.1%
MU Micron Technology Inc. 0.07% 3,602 $425K No change
HD Home Depot Inc. 0.07% 1,070 $410K Add +10.9%
GOOGL Alphabet Inc. Class A 0.06% 2,628 $397K Add +1.2%
GMF State Street SPDR S&P Emergi 0.06% 3,626 $376K Reduce -24.3%
AMP Ameriprise Financial Inc. 0.06% 819 $359K No change
VCSH Vanguard S/T Corp. Bond ETF 0.06% 4,470 $346K Add +1.4%
DHR Danaher Corp. 0.05% 1,309 $327K No change
OHI Omega Healthcare Investors 0.05% 10,000 $317K No change
TRV The Travelers Cos Inc. 0.05% 1,343 $309K No change
TGT Target Corp. 0.05% 1,684 $298K Reduce -15.8%
DAL Delta Air Lines Inc. 0.05% 6,081 $291K Add +1.3%
META Meta Platforms Inc. Class A 0.05% 573 $278K Reduce -12.9%
QQQ Invesco QQQ Trust Series 1 0.05% 624 $277K New
JNJ Johnson & Johnson 0.04% 1,702 $269K Add +4.4%
HIG Hartford Insurance Group Inc. 0.04% 2,592 $267K Add +0.1%
ADBE Adobe Inc. 0.04% 522 $263K Add +27.3%
PXD Pioneer Natural Resources Co. 0.04% 1,000 $263K No change
AMGN Amgen Inc. 0.04% 906 $258K Add +13.0%
MO Altria Group Inc. 0.04% 5,437 $237K No change
OTTR Otter Tail Corp. 0.04% 2,729 $236K Add +0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 1,187 $227K New
SCHE Schwab Emrg Mrkts Eqty ETF 0.04% 8,966 $226K Reduce -18.4%
ORCL Oracle Corp. 0.04% 1,801 $226K New
CMA Comerica Inc. 0.04% 4,051 $223K No change
WMT Walmart Inc. 0.04% 3,622 $218K New
HRL Hormel Foods Corp. 0.04% 6,152 $215K No change
ROK Rockwell Automation Inc. 0.03% 721 $210K No change
PFFA Virtus Infracap US Pref STCK 0.03% 10,000 $210K No change
XOM Exxon Mobil Corp. 0.03% 1,758 $204K New
V Visa Inc. Class A 0.03% 723 $202K New
PSO Pearson PLC-Sponsored ADR 0.03% 14,506 $191K No change
VGR Vector Group Ltd. 0.03% 15,000 $164K No change
SFL SFL Corp. Ltd. 0.02% 10,000 $132K No change
GNL Global Net Lease Inc. 0.01% 10,000 $78K No change

Portfolio Sells Q4 2023 → Q1 2024
BND Vanguard Total Bond Market Reduce -7.6% 9.14% −1.70
DFIC Dimensional International Co. Reduce -9.1% 7.26% −0.87
IWM iShares Russell 2000 ETF Reduce -9.2% 6.15% −0.64
DFAE Dimensional Emerging Core Eq Reduce -8.6% 2.51% −0.35
UNH Unitedhealth Group Inc. Reduce -0.2% 1.51% −0.29
VTEB Vanguard Tax-Exempt Bond ETF Reduce -21.5% 0.59% −0.23
AAPL Apple Inc. Reduce -0.1% 1.01% −0.17
IVT Inventrust Properties Corp. Sold out 0.00% −0.15
MMM 3M Co. Reduce -2.6% 0.43% −0.14
EFA iShares MSCI Eafe ETF Reduce -26.9% 0.33% −0.12
IWD iShares Russell 1000 Value E Reduce -28.5% 0.28% −0.11
HON Honeywell International Inc. Reduce -14.3% 0.41% −0.11
VGSH Vanguard Short-Term Treasury Reduce -24.4% 0.23% −0.10
BAC Bank of America Corp. Sold out 0.00% −0.04
IEMG iShares Core MSCI Emerging Sold out 0.00% −0.04
SCHX Schwab US Large-Cap ETF Sold out 0.00% −0.04
VGK Vanguard Ftse Europe ETF Reduce -19.3% 0.14% −0.04
CORP PIMCO Inv Grade Corp. BD ETF Reduce -1.7% 0.32% −0.04
DFAC Dimensional US Core Equity 2 Reduce -4.1% 1.92% −0.03
SCHO Schwab Short-Term US Treas Reduce -1.9% 0.25% −0.03
SRLN SS Blackstone Sr Loan ETF Reduce -0.8% 0.30% −0.03
GMF State Street SPDR S&P Emergi Reduce -24.3% 0.06% −0.02
BSX Boston Scientific Corp. Reduce -28.3% 0.08% −0.02
ECL Ecolab Inc. Reduce -19.4% 0.13% −0.02
GIS General Mills Inc. Reduce -8.2% 0.13% −0.02
IWF iShares Russell 1000 Growth Reduce -7.5% 0.52% −0.02
IFLN Invesco Bloomberg Enhanced F Reduce -0.7% 0.16% −0.01
PCY Invesco Emerging Markets Sov Reduce -3.3% 0.10% −0.01
SPLV Invesco S&P 500 Low Volatili Reduce -0.3% 0.27% −0.01
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -18.4% 0.04% −0.01
SCHA Schwab US Small-Cap ETF Reduce -1.7% 0.21% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -6.9% 0.11% −0.01
USB US Bancorp Reduce -2.1% 0.08% −0.01
FICO Fair Isaac Corp. Reduce -5.7% 0.14% −0.00
SCHF Schwab Intl Equity ETF Reduce -0.7% 0.21% −0.00
DGRE Wisdomtree Emerging Markets Reduce -3.0% 0.08% −0.00
SPGM State Street SPDR Portfolio Reduce -1.5% 0.39% −0.00
ACWI iShares MSCI Acwi ETF Reduce -2.0% 0.24% −0.00
TGT Target Corp. Reduce -15.8% 0.05% −0.00
SCHM Schwab US Mid Cap ETF Reduce -1.5% 0.18% +0.00
IVV iShares Core S&P 500 ETF Reduce -0.2% 0.11% +0.00
META Meta Platforms Inc. Class A Reduce -12.9% 0.05% +0.01
SCHG Schwab US Large-Cap Growth Reduce -1.7% 0.26% +0.01
AMZN Amazon.com Inc. Reduce -0.8% 0.23% +0.02
DCI Donaldson Co. Inc. Reduce -1.8% 0.40% +0.02

Portfolio Buys Q4 2023 → Q1 2024
DFUS Dimensional US Eq MKT ETF Add +6.7% 16.68% +1.50
DFCF Dimensional Core Fixed Inc. Add +19.8% 10.34% +0.89
DFSD Dimensional Short Duration Add +24.1% 6.15% +0.78
DFAX Dimensional World Ex US Core Add +8.2% 12.56% +0.66
DFAS Dimensional US Small Cap ETF Add +9.5% 5.90% +0.48
NVDA Nvidia Corp. Add +2.6% 0.78% +0.34
DFAT Dimensional US Target Value Add +8.0% 4.19% +0.25
MDT Medtronic PLC Add +90.7% 0.23% +0.10
ENTG Entegris Inc. New 0.09% +0.09
QQQ Invesco QQQ Trust Series 1 New 0.05% +0.05
IBM Intl Business Machines Corp. New 0.04% +0.04
ORCL Oracle Corp. New 0.04% +0.04
WMT Walmart Inc. New 0.04% +0.04
XOM Exxon Mobil Corp. New 0.03% +0.03
V Visa Inc. Class A New 0.03% +0.03
MSFT Microsoft Corp. Add +6.2% 0.33% +0.03
COST Costco Wholesale Corp. Add +12.9% 0.21% +0.03
DFGR Dim Global Real Estate ETF Add +10.3% 1.82% +0.03
BRK.B Berkshire Hathaway Inc. Class B Add +17.2% 0.12% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +19.4% 0.08% +0.02
SCHB Schwab US Broad Market ETF Add +0.4% 0.38% +0.01
HD Home Depot Inc. Add +10.9% 0.07% +0.01
HWKN Hawkins Inc. Add +0.2% 0.19% +0.01
DAL Delta Air Lines Inc. Add +1.3% 0.05% +0.01
HIG Hartford Insurance Group Inc. Add +0.1% 0.04% +0.01
ABT Abbott Laboratories Add +8.1% 0.07% +0.00
ADBE Adobe Inc. Add +27.3% 0.04% +0.00
GOOGL Alphabet Inc. Class A Add +1.2% 0.06% +0.00
AMGN Amgen Inc. Add +13.0% 0.04% −0.00
JNJ Johnson & Johnson Add +4.4% 0.04% −0.00
OTTR Otter Tail Corp. Add +0.1% 0.04% −0.00
VCSH Vanguard S/T Corp. Bond ETF Add +1.4% 0.06% −0.00
TTC Toro Co. Add +0.0% 0.12% −0.01
SCHZ Schwab US Aggregate Bond ETF Add +4.4% 0.19% −0.01
SCHD Schwab US DVD Equity ETF Add +0.1% 0.40% −0.01
PFE Pfizer Inc. Add +3.3% 0.12% −0.02
TSLA Tesla Inc. Add +7.3% 0.09% −0.03
XEL Xcel Energy Inc. Add +0.7% 0.21% −0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 127$1.1BDFUS, DFAX, DFCF, DFAS, DFSD
Q1 2026 121$944.9MDFUS, DFAX, DFCF, DFSD, DFAS
Q4 2025 117$909.0MDFUS, DFAX, DFCF, DFSD, DFAS
Q3 2025 114$846.4MDFUS, DFAX, DFCF, DFSD, DFAS
Q2 2025 110$768.9MDFUS, DFAX, DFCF, DFSD, DFAS
Q1 2025 103$720.8MDFUS, DFAX, DFCF, DFSD, DFAS
Q4 2024 112$779.3MDFUS, DFAX, DFCF, DFAS, DFSD
Q3 2024 110$741.6MDFUS, DFAX, DFCF, DFSD, BND
Q2 2024 104$654.8MDFUS, DFAX, DFCF, BND, DFSD
Q1 2024 99$612.3MDFUS, DFAX, DFCF, BND, DFIC