Great Waters Wealth Management
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 4, 2024), Great Waters Wealth Management reported 110 stock positions worth $741.6 million. Its top holding was Dimensional US Eq MKT ETF (DFUS) at 18.8% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 14.2%) and Dimensional Core Fixed (DFCF, 12.1%). Compared with Q2 2024, it opened 7 new positions, sold out of 1, added to 38 and reduced 41. The biggest buy was Dimensional World Ex US Core (DFAX, shares +15%) and the biggest sale Vanguard Total Bond Market (BND, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- SHOREVIEW, MN
- CIK
- 0001964535
- Portfolio Value
- $741.6M (Q3 2024)
- SEC Filing
- 0001964535-24-000006 ↗ filed Oct 4, 2024
Holdings Value
Holdings 110 stocks · $741.6M
| DFUS Dimensional US Eq MKT ETF | 18.79% | 2,240,037 | $139.3M | Add +13.0% |
| DFAX Dimensional World Ex US Core | 14.19% | 3,895,601 | $105.2M | Add +14.9% |
| DFCF Dimensional Core Fixed Inc. | 12.12% | 2,080,667 | $89.9M | Add +15.7% |
| DFSD Dimensional Short Duration | 7.02% | 1,090,621 | $52.1M | Add +14.0% |
| BND Vanguard Total Bond Market | 6.89% | 680,156 | $51.1M | Reduce -7.0% |
| DFAS Dimensional US Small Cap ETF | 6.76% | 773,196 | $50.1M | Add +16.0% |
| DFIC Dimensional International Co. | 5.16% | 1,359,354 | $38.3M | Reduce -11.1% |
| DFAT Dimensional US Target Value | 4.58% | 609,970 | $33.9M | Add +14.9% |
| IWM iShares Russell 2000 ETF | 4.45% | 149,329 | $33.0M | Reduce -10.3% |
| DFGR Dim Global Real Estate ETF | 2.24% | 575,513 | $16.6M | Add +13.2% |
| DFAE Dimensional Emerging Core Eq | 1.90% | 514,064 | $14.1M | Reduce -11.1% |
| DFAC Dimensional US Core Equity 2 | 1.62% | 349,557 | $12.0M | Reduce -4.1% |
| UNH Unitedhealth Group Inc. | 1.41% | 17,873 | $10.5M | Reduce -0.7% |
| AAPL Apple Inc. | 1.15% | 36,589 | $8.5M | Reduce -5.7% |
| NVDA Nvidia Corp. | 0.89% | 54,224 | $6.6M | Add +0.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.49% | 70,525 | $3.6M | Reduce -2.2% |
| MMM 3M Co. | 0.45% | 24,680 | $3.4M | Reduce -6.4% |
| SCHD Schwab US DVD Equity ETF | 0.34% | 29,520 | $2.5M | Reduce -1.0% |
| SPGM State Street SPDR Portfolio | 0.34% | 38,449 | $2.5M | Reduce -2.3% |
| HON Honeywell International Inc. | 0.33% | 11,910 | $2.5M | Reduce -0.2% |
| IWF iShares Russell 1000 Growth | 0.33% | 6,423 | $2.4M | Add +0.1% |
| SCHB Schwab US Broad Market ETF | 0.32% | 35,721 | $2.4M | Reduce -2.2% |
| DCI Donaldson Co. Inc. | 0.32% | 31,873 | $2.3M | Reduce -0.4% |
| MSFT Microsoft Corp. | 0.30% | 5,128 | $2.2M | Add +0.2% |
| EFA iShares MSCI Eafe ETF | 0.28% | 24,757 | $2.1M | Reduce -0.9% |
| HWKN Hawkins Inc. | 0.27% | 15,588 | $2.0M | Add +0.1% |
| CORP PIMCO Inv Grade Corp. BD ETF | 0.25% | 18,549 | $1.8M | Reduce -4.3% |
| IWD iShares Russell 1000 Value E | 0.25% | 9,681 | $1.8M | Add +0.4% |
| SPLV Invesco S&P 500 Low Volatili | 0.23% | 23,377 | $1.7M | Reduce -2.0% |
| SRLN SS Blackstone Sr Loan ETF | 0.23% | 40,062 | $1.7M | Reduce -3.9% |
| SCHG Schwab US Large-Cap Growth | 0.23% | 16,017 | $1.7M | Reduce -3.3% |
| COST Costco Wholesale Corp. | 0.21% | 1,775 | $1.6M | Add +1.7% |
| ACWI iShares MSCI Acwi ETF | 0.20% | 12,159 | $1.5M | Reduce -3.5% |
| SCHO Schwab Short-Term US Treas | 0.19% | 28,723 | $1.4M | Reduce -1.6% |
| AMZN Amazon.com Inc. | 0.19% | 7,370 | $1.4M | Reduce -7.1% |
| VGSH Vanguard Short-Term Treasury | 0.18% | 23,226 | $1.4M | Add +0.9% |
| SCHF Schwab Intl Equity ETF | 0.18% | 33,077 | $1.4M | Add +0.8% |
| MDT Medtronic PLC | 0.17% | 14,283 | $1.3M | Reduce -3.3% |
| SCHA Schwab US Small-Cap ETF | 0.17% | 24,753 | $1.3M | Reduce -1.8% |
| FICO Fair Isaac Corp. | 0.17% | 637 | $1.2M | Reduce -7.0% |
| SCHZ Schwab US Aggregate Bond ETF | 0.16% | 24,634 | $1.2M | Add +1.4% |
| SCHM Schwab US Mid Cap ETF | 0.15% | 13,021 | $1.1M | Reduce -2.0% |
| XEL Xcel Energy Inc. | 0.14% | 16,315 | $1.1M | Reduce -2.5% |
| TSLA Tesla Inc. | 0.12% | 3,540 | $926K | Add +8.8% |
| IFLN Invesco Bloomberg Enhanced F | 0.12% | 48,447 | $898K | Reduce -7.0% |
| VGK Vanguard Ftse Europe ETF | 0.12% | 12,350 | $878K | Reduce -2.5% |
| TTC Toro Co. | 0.12% | 10,101 | $876K | No change |
| ECL Ecolab Inc. | 0.11% | 3,306 | $844K | Reduce -1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.11% | 1,800 | $828K | Add +4.7% |
| DAL Delta Air Lines Inc. | 0.11% | 16,023 | $814K | Add +143.2% |
| LLY Eli Lilly & Co. | 0.11% | 913 | $809K | No change |
| PFE Pfizer Inc. | 0.11% | 27,726 | $802K | Add +1.2% |
| CL Colgate-Palmolive Co. | 0.11% | 7,669 | $796K | Add +1.6% |
| IVV iShares Core S&P 500 ETF | 0.10% | 1,326 | $765K | Add +0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.09% | 2,467 | $698K | Reduce -0.8% |
| TER Teradyne Inc. | 0.09% | 5,000 | $670K | No change |
| GIS General Mills Inc. | 0.08% | 8,368 | $618K | Reduce -4.2% |
| PCY Invesco Emerging Markets Sov | 0.08% | 26,945 | $579K | Reduce -5.0% |
| USB US Bancorp | 0.08% | 12,666 | $579K | Add +13.3% |
| XOM Exxon Mobil Corp. | 0.07% | 4,430 | $519K | Add +2.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 890 | $511K | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.07% | 3,019 | $501K | Reduce -0.4% |
| MCK McKesson Corp. | 0.07% | 994 | $491K | No change |
| DGRE Wisdomtree Emerging Markets | 0.07% | 17,572 | $488K | Reduce -5.9% |
| ABT Abbott Laboratories | 0.06% | 4,186 | $477K | Add +2.6% |
| HD Home Depot Inc. | 0.06% | 1,161 | $471K | No change |
| CNI Canadian Natl Railway Co. | 0.06% | 3,894 | $456K | No change |
| GMF State Street SPDR S&P Emergi | 0.06% | 3,566 | $439K | Add +0.0% |
| SOLV Solventum Corp. | 0.06% | 6,190 | $432K | Reduce -5.0% |
| OHI Omega Healthcare Investors | 0.05% | 10,000 | $407K | No change |
| WFC Wells Fargo & Co. | 0.05% | 6,839 | $386K | Add +2.8% |
| AMP Ameriprise Financial Inc. | 0.05% | 819 | $385K | No change |
| DHR Danaher Corp. | 0.05% | 1,330 | $370K | No change |
| BSX Boston Scientific Corp. | 0.05% | 4,258 | $357K | No change |
| WMT Walmart Inc. | 0.05% | 4,382 | $354K | Add +3.5% |
| MU Micron Technology Inc. | 0.05% | 3,359 | $348K | Add +0.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.05% | 4,377 | $348K | Reduce -1.0% |
| AVGO Broadcom Inc. | 0.05% | 1,956 | $337K | Add +44.9% |
| META Meta Platforms Inc. Class A | 0.05% | 586 | $335K | Reduce -0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.04% | 663 | $324K | No change |
| TRV The Travelers Cos Inc. | 0.04% | 1,353 | $317K | Add +0.2% |
| ORCL Oracle Corp. | 0.04% | 1,836 | $313K | Add +0.1% |
| ITOT iShares Core S&P Total U.S. | 0.04% | 2,474 | $311K | No change |
| ADBE Adobe Inc. | 0.04% | 591 | $306K | No change |
| HIG Hartford Insurance Group Inc. | 0.04% | 2,598 | $306K | Add +0.1% |
| ENTG Entegris Inc. | 0.04% | 2,657 | $299K | No change |
| JNJ Johnson & Johnson | 0.04% | 1,835 | $297K | Add +6.3% |
| AMGN Amgen Inc. | 0.04% | 906 | $292K | No change |
| MO Altria Group Inc. | 0.04% | 5,437 | $278K | No change |
| TGT Target Corp. | 0.04% | 1,684 | $263K | Reduce -17.3% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.04% | 8,979 | $262K | Add +1.0% |
| ABBV Abbvie Inc. | 0.03% | 1,261 | $249K | Reduce -0.6% |
| CMA Comerica Inc. | 0.03% | 4,051 | $243K | No change |
| CAT Caterpillar Inc. | 0.03% | 604 | $236K | New |
| PFFA Virtus Infracap US Pref STCK | 0.03% | 10,000 | $228K | No change |
| VGR Vector Group Ltd. | 0.03% | 15,000 | $224K | No change |
| TT Trane Technologies PLC | 0.03% | 575 | $224K | New |
| V Visa Inc. Class A | 0.03% | 797 | $219K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.03% | 1,252 | $217K | Add +1.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.03% | 983 | $217K | New |
Portfolio Sells Q2 2024 → Q3 2024
| BND Vanguard Total Bond Market | Reduce -7.0% | 6.89% | −1.16 |
| DFIC Dimensional International Co. | Reduce -11.1% | 5.16% | −0.98 |
| IWM iShares Russell 2000 ETF | Reduce -10.3% | 4.45% | −0.71 |
| DFAE Dimensional Emerging Core Eq | Reduce -11.1% | 1.90% | −0.39 |
| DFAC Dimensional US Core Equity 2 | Reduce -4.1% | 1.62% | −0.18 |
| AAPL Apple Inc. | Reduce -5.7% | 1.15% | −0.10 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -2.2% | 0.49% | −0.07 |
| HON Honeywell International Inc. | Reduce -0.2% | 0.33% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -7.1% | 0.19% | −0.05 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -3.9% | 0.23% | −0.04 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.03 |
| DCI Donaldson Co. Inc. | Reduce -0.4% | 0.32% | −0.03 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -4.3% | 0.25% | −0.03 |
| SCHB Schwab US Broad Market ETF | Reduce -2.2% | 0.32% | −0.03 |
| SCHG Schwab US Large-Cap Growth | Reduce -3.3% | 0.23% | −0.03 |
| SPGM State Street SPDR Portfolio | Reduce -2.3% | 0.34% | −0.03 |
| SCHO Schwab Short-Term US Treas | Reduce -1.6% | 0.19% | −0.03 |
| IFLN Invesco Bloomberg Enhanced F | Reduce -7.0% | 0.12% | −0.02 |
| ACWI iShares MSCI Acwi ETF | Reduce -3.5% | 0.20% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -0.9% | 0.28% | −0.02 |
| SCHD Schwab US DVD Equity ETF | Reduce -1.0% | 0.34% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -0.4% | 0.07% | −0.02 |
| SCHM Schwab US Mid Cap ETF | Reduce -2.0% | 0.15% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.8% | 0.17% | −0.01 |
| TGT Target Corp. | Reduce -17.3% | 0.04% | −0.01 |
| VGK Vanguard Ftse Europe ETF | Reduce -2.5% | 0.12% | −0.01 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -2.0% | 0.23% | −0.01 |
| DGRE Wisdomtree Emerging Markets | Reduce -5.9% | 0.07% | −0.01 |
| PCY Invesco Emerging Markets Sov | Reduce -5.0% | 0.08% | −0.01 |
| ECL Ecolab Inc. | Reduce -1.6% | 0.11% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.8% | 0.09% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -1.0% | 0.05% | −0.01 |
| MDT Medtronic PLC | Reduce -3.3% | 0.17% | −0.00 |
| BAC Bank of America Corp. | Reduce -0.1% | 0.03% | −0.00 |
| GIS General Mills Inc. | Reduce -4.2% | 0.08% | −0.00 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 0.05% | 0.00 |
| ABBV Abbvie Inc. | Reduce -0.6% | 0.03% | +0.00 |
| SOLV Solventum Corp. | Reduce -5.0% | 0.06% | +0.01 |
| XEL Xcel Energy Inc. | Reduce -2.5% | 0.14% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -0.7% | 1.41% | +0.01 |
| FICO Fair Isaac Corp. | Reduce -7.0% | 0.17% | +0.01 |
| MMM 3M Co. | Reduce -6.4% | 0.45% | +0.04 |
Portfolio Buys Q2 2024 → Q3 2024
| DFAX Dimensional World Ex US Core | Add +14.9% | 14.19% | +1.03 |
| DFUS Dimensional US Eq MKT ETF | Add +13.0% | 18.79% | +0.97 |
| DFCF Dimensional Core Fixed Inc. | Add +15.7% | 12.12% | +0.71 |
| DFAS Dimensional US Small Cap ETF | Add +16.0% | 6.76% | +0.65 |
| DFAT Dimensional US Target Value | Add +14.9% | 4.58% | +0.37 |
| DFGR Dim Global Real Estate ETF | Add +13.2% | 2.24% | +0.30 |
| DFSD Dimensional Short Duration | Add +14.0% | 7.02% | +0.15 |
| DAL Delta Air Lines Inc. | Add +143.2% | 0.11% | +0.06 |
| HWKN Hawkins Inc. | Add +0.1% | 0.27% | +0.05 |
| CAT Caterpillar Inc. | New | 0.03% | +0.03 |
| TT Trane Technologies PLC | New | 0.03% | +0.03 |
| IBM Intl Business Machines Corp. | New | 0.03% | +0.03 |
| LNT Alliant Energy Corp. | New | 0.03% | +0.03 |
| MA Mastercard Inc. Class A | New | 0.03% | +0.03 |
| SCHX Schwab US Large-Cap ETF | New | 0.03% | +0.03 |
| NEE Nextera Energy Inc. | New | 0.03% | +0.03 |
| TSLA Tesla Inc. | Add +8.8% | 0.12% | +0.03 |
| AVGO Broadcom Inc. | Add +44.9% | 0.05% | +0.01 |
| USB US Bancorp | Add +13.3% | 0.08% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.7% | 0.11% | +0.00 |
| WMT Walmart Inc. | Add +3.5% | 0.05% | +0.00 |
| ORCL Oracle Corp. | Add +0.1% | 0.04% | +0.00 |
| JNJ Johnson & Johnson | Add +6.3% | 0.04% | +0.00 |
| HIG Hartford Insurance Group Inc. | Add +0.1% | 0.04% | +0.00 |
| TRV The Travelers Cos Inc. | Add +0.2% | 0.04% | +0.00 |
| ABT Abbott Laboratories | Add +2.6% | 0.06% | −0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +1.0% | 0.04% | −0.00 |
| GMF State Street SPDR S&P Emergi | Add +0.0% | 0.06% | −0.00 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.1% | 0.03% | −0.00 |
| CL Colgate-Palmolive Co. | Add +1.6% | 0.11% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 0.07% | −0.00 |
| XOM Exxon Mobil Corp. | Add +2.5% | 0.07% | −0.01 |
| IVV iShares Core S&P 500 ETF | Add +0.1% | 0.10% | −0.01 |
| OTTR Otter Tail Corp. | Add +0.1% | 0.03% | −0.01 |
| WFC Wells Fargo & Co. | Add +2.8% | 0.05% | −0.01 |
| PFE Pfizer Inc. | Add +1.2% | 0.11% | −0.01 |
| IWD iShares Russell 1000 Value E | Add +0.4% | 0.25% | −0.01 |
| SCHF Schwab Intl Equity ETF | Add +0.8% | 0.18% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Add +1.4% | 0.16% | −0.01 |
| COST Costco Wholesale Corp. | Add +1.7% | 0.21% | −0.01 |
| VGSH Vanguard Short-Term Treasury | Add +0.9% | 0.18% | −0.02 |
| MU Micron Technology Inc. | Add +0.4% | 0.05% | −0.02 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 0.33% | −0.03 |
| MSFT Microsoft Corp. | Add +0.2% | 0.30% | −0.05 |
| NVDA Nvidia Corp. | Add +0.6% | 0.89% | −0.13 |
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 |