Great Waters Wealth Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 17, 2026), Great Waters Wealth Management reported 121 stock positions worth $944.9 million. Its top holding was Dimensional US Eq MKT ETF (DFUS) at 21.1% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 17.6%) and Dimensional Core Fixed (DFCF, 15.5%). Compared with Q4 2025, it opened 7 new positions, sold out of 3, added to 32 and reduced 51. The biggest buy was Dimensional Core Fixed (DFCF, shares +11%) and the biggest sale Vanguard Total Bond Market (BND, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- SHOREVIEW, MN
- CIK
- 0001964535
- Portfolio Value
- $944.9M (Q1 2026)
- SEC Filing
- 0001964535-26-000002 ↗ filed Apr 17, 2026
Holdings Value
Holdings 121 stocks · $944.9M
| DFUS Dimensional US Eq MKT ETF | 21.15% | 2,817,903 | $199.8M | Add +4.9% |
| DFAX Dimensional World Ex US Core | 17.57% | 4,886,852 | $166.0M | Add +0.8% |
| DFCF Dimensional Core Fixed Inc. | 15.51% | 3,471,448 | $146.6M | Add +11.5% |
| DFSD Dimensional Short Duration | 9.04% | 1,783,924 | $85.4M | Add +14.4% |
| DFAS Dimensional US Small Cap ETF | 8.26% | 1,096,574 | $78.0M | Add +4.5% |
| DFAT Dimensional US Target Value | 5.64% | 853,409 | $53.3M | Add +3.6% |
| BND Vanguard Total Bond Market | 3.19% | 409,862 | $30.2M | Reduce -4.6% |
| DFGR Dim Global Real Estate ETF | 2.50% | 888,367 | $23.6M | Add +6.9% |
| DFIC Dimensional International Co. | 2.34% | 621,030 | $22.1M | Reduce -10.6% |
| IWM iShares Russell 2000 ETF | 2.04% | 77,748 | $19.3M | Reduce -6.3% |
| DFAC Dimensional US Core Equity 2 | 1.21% | 294,564 | $11.4M | Reduce -2.1% |
| DFAE Dimensional Emerging Core Eq | 0.85% | 236,533 | $8.0M | Reduce -10.7% |
| AAPL Apple Inc. | 0.80% | 29,852 | $7.6M | Reduce -0.2% |
| NVDA Nvidia Corp. | 0.64% | 34,402 | $6.0M | Reduce -3.0% |
| UNH Unitedhealth Group Inc. | 0.54% | 18,736 | $5.1M | Add +8.9% |
| HON Honeywell International Inc. | 0.40% | 16,687 | $3.8M | Reduce -0.3% |
| MMM 3M Co. | 0.38% | 24,529 | $3.6M | Add +1.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.30% | 57,099 | $2.8M | Add +2.5% |
| DCI Donaldson Co. Inc. | 0.27% | 30,219 | $2.6M | Reduce -0.7% |
| SCHD Schwab US DVD Equity ETF | 0.26% | 80,753 | $2.5M | Reduce -0.5% |
| SCHB Schwab US Broad Market ETF | 0.25% | 95,262 | $2.4M | Reduce -0.5% |
| SPGM State Street SPDR Portfolio | 0.25% | 31,492 | $2.4M | Reduce -1.6% |
| IWF iShares Russell 1000 Growth | 0.23% | 5,029 | $2.1M | Reduce -1.2% |
| EFA iShares MSCI Eafe ETF | 0.20% | 19,349 | $1.9M | Reduce -0.9% |
| MSFT Microsoft Corp. | 0.20% | 5,059 | $1.9M | Add +3.1% |
| CORP PIMCO Inv Grade Corp. BD ETF | 0.19% | 18,610 | $1.8M | Reduce -0.5% |
| COST Costco Wholesale Corp. | 0.18% | 1,710 | $1.7M | Reduce -0.7% |
| SPLV Invesco S&P 500 Low Volatili | 0.18% | 23,195 | $1.7M | Reduce -0.5% |
| IWD iShares Russell 1000 Value E | 0.18% | 7,841 | $1.7M | Reduce -0.1% |
| ACWI iShares MSCI Acwi ETF | 0.18% | 11,973 | $1.7M | Reduce -1.0% |
| TSLA Tesla Inc. | 0.18% | 4,456 | $1.7M | Add +0.2% |
| SCHF Schwab Intl Equity ETF | 0.17% | 65,042 | $1.6M | Reduce -6.6% |
| SRLN SS Blackstone Sr Loan ETF | 0.17% | 39,378 | $1.6M | Reduce -1.0% |
| SCHO Schwab Short-Term US Treas | 0.15% | 58,149 | $1.4M | Reduce -1.5% |
| SCHG Schwab US Large-Cap Growth | 0.14% | 44,506 | $1.3M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 0.14% | 6,152 | $1.3M | Add +1.5% |
| SCHA Schwab US Small-Cap ETF | 0.13% | 42,355 | $1.2M | Reduce -1.1% |
| TER Teradyne Inc. | 0.13% | 4,012 | $1.2M | No change |
| SCHM Schwab US Mid Cap ETF | 0.12% | 36,628 | $1.1M | Reduce -2.0% |
| MU Micron Technology Inc. | 0.12% | 3,319 | $1.1M | Reduce -0.8% |
| VGSH Vanguard Short-Term Treasury | 0.12% | 18,713 | $1.1M | Add +2.9% |
| SCHZ Schwab US Aggregate Bond ETF | 0.11% | 45,340 | $1.1M | Reduce -0.9% |
| MDT Medtronic PLC | 0.11% | 11,646 | $1.0M | Reduce -0.3% |
| IFLN Invesco Bloomberg Enhanced F | 0.09% | 48,531 | $871K | Reduce -0.2% |
| IVV iShares Core S&P 500 ETF | 0.09% | 1,317 | $860K | Add +0.5% |
| MCK McKesson Corp. | 0.09% | 982 | $850K | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 1,768 | $847K | No change |
| XEL Xcel Energy Inc. | 0.09% | 10,458 | $831K | Reduce -0.6% |
| TT Trane Technologies PLC | 0.08% | 1,849 | $771K | Add +221.0% |
| PFE Pfizer Inc. | 0.08% | 25,513 | $716K | Reduce -0.1% |
| MCD McDonald's Corp. | 0.07% | 2,228 | $693K | Reduce -5.2% |
| LLY Eli Lilly & Co. | 0.07% | 748 | $688K | No change |
| FICO Fair Isaac Corp. | 0.07% | 637 | $680K | No change |
| GOOGL Alphabet Inc. Class A | 0.07% | 2,328 | $669K | Reduce -2.1% |
| VGK Vanguard Ftse Europe ETF | 0.07% | 7,863 | $648K | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 989 | $643K | Add +5.7% |
| AMD Advanced Micro Devices | 0.07% | 3,093 | $629K | Add +0.8% |
| CL Colgate-Palmolive Co. | 0.06% | 7,048 | $601K | Reduce -3.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.06% | 1,031 | $595K | Add +14.2% |
| DGRE Wisdomtree Emerging Markets | 0.06% | 17,286 | $573K | Reduce -2.7% |
| JNJ Johnson & Johnson | 0.06% | 2,157 | $527K | Add +2.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.05% | 1,591 | $511K | Reduce -4.9% |
| PCY Invesco Emerging Markets Sov | 0.05% | 24,208 | $506K | Reduce -0.7% |
| TTC Toro Co. | 0.05% | 4,947 | $462K | No change |
| PEP Pepsico Inc. | 0.05% | 2,838 | $441K | Add +0.0% |
| OHI Omega Healthcare Investors | 0.05% | 10,000 | $438K | No change |
| WMT Walmart Inc. | 0.05% | 3,517 | $437K | No change |
| DAL Delta Air Lines Inc. | 0.05% | 6,502 | $432K | Add +3.5% |
| ITOT iShares Core S&P Total U.S. | 0.04% | 2,900 | $413K | Add +1.6% |
| TRV The Travelers Cos Inc. | 0.04% | 1,411 | $412K | Add +0.1% |
| ABT Abbott Laboratories | 0.04% | 3,991 | $410K | Reduce -0.1% |
| LRCX Lam Research Corp. | 0.04% | 1,881 | $402K | No change |
| COR Cencora Inc. | 0.04% | 1,258 | $395K | No change |
| GIS General Mills Inc. | 0.04% | 10,183 | $379K | Reduce -2.1% |
| ECL Ecolab Inc. | 0.04% | 1,414 | $376K | Reduce -31.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.04% | 1,096 | $370K | Reduce -1.6% |
| SOLV Solventum Corp. | 0.04% | 5,621 | $367K | Add +0.6% |
| AMP Ameriprise Financial Inc. | 0.04% | 819 | $364K | No change |
| HD Home Depot Inc. | 0.04% | 1,102 | $362K | No change |
| CAT Caterpillar Inc. | 0.04% | 510 | $361K | No change |
| BSX Boston Scientific Corp. | 0.04% | 5,745 | $360K | Reduce -0.4% |
| MO Altria Group Inc. | 0.04% | 5,438 | $359K | Add +0.0% |
| GMF State Street SPDR S&P Emergi | 0.04% | 2,622 | $357K | Reduce -0.8% |
| FITB Fifth Third Bancorp | 0.04% | 7,560 | $351K | New |
| META Meta Platforms Inc. Class A | 0.04% | 610 | $349K | No change |
| ROST Ross Stores Inc. | 0.04% | 1,553 | $336K | No change |
| SOLS Solstice Adv Materials Inc. | 0.03% | 4,231 | $322K | No change |
| ACVF American Conservative Values | 0.03% | 6,716 | $320K | Add +0.9% |
| AMGN Amgen Inc. | 0.03% | 906 | $319K | No change |
| VEA Vanguard Ftse Developed ETF | 0.03% | 4,964 | $318K | Add +0.7% |
| WFC Wells Fargo & Co. | 0.03% | 3,932 | $313K | Reduce -0.3% |
| USB US Bancorp | 0.03% | 5,891 | $306K | Reduce -1.3% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.03% | 9,101 | $300K | Reduce -4.7% |
| CSCO Cisco Systems Inc. | 0.03% | 3,845 | $298K | No change |
| AVGO Broadcom Inc. | 0.03% | 934 | $289K | No change |
| VOO Vanguard S&P 500 ETF | 0.03% | 473 | $283K | Add +2.8% |
| ENTG Entegris Inc. | 0.03% | 2,379 | $279K | No change |
| MP MP Materials Corp. | 0.03% | 5,741 | $277K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.03% | 1,406 | $276K | Add +0.1% |
| TGT Target Corp. | 0.03% | 2,261 | $274K | Reduce -6.7% |
Portfolio Sells Q4 2025 → Q1 2026
| BND Vanguard Total Bond Market | Reduce -4.6% | 3.19% | −0.31 |
| DFIC Dimensional International Co. | Reduce -10.6% | 2.34% | −0.30 |
| IWM iShares Russell 2000 ETF | Reduce -6.3% | 2.04% | −0.21 |
| DFAE Dimensional Emerging Core Eq | Reduce -10.7% | 0.85% | −0.10 |
| DFAC Dimensional US Core Equity 2 | Reduce -2.1% | 1.21% | −0.10 |
| AAPL Apple Inc. | Reduce -0.2% | 0.80% | −0.09 |
| NVDA Nvidia Corp. | Reduce -3.0% | 0.64% | −0.09 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.04 |
| IWF iShares Russell 1000 Growth | Reduce -1.2% | 0.23% | −0.04 |
| DCI Donaldson Co. Inc. | Reduce -0.7% | 0.27% | −0.03 |
| SCHG Schwab US Large-Cap Growth | Reduce -0.9% | 0.14% | −0.02 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -0.5% | 0.25% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.02 |
| BSX Boston Scientific Corp. | Reduce -0.4% | 0.04% | −0.02 |
| ECL Ecolab Inc. | Reduce -31.3% | 0.04% | −0.02 |
| SPGM State Street SPDR Portfolio | Reduce -1.6% | 0.25% | −0.02 |
| MDT Medtronic PLC | Reduce -0.3% | 0.11% | −0.02 |
| SCHF Schwab Intl Equity ETF | Reduce -6.6% | 0.17% | −0.01 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -1.0% | 0.17% | −0.01 |
| GIS General Mills Inc. | Reduce -2.1% | 0.04% | −0.01 |
| ACWI iShares MSCI Acwi ETF | Reduce -1.0% | 0.18% | −0.01 |
| ABT Abbott Laboratories | Reduce -0.1% | 0.04% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -2.1% | 0.07% | −0.01 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -0.5% | 0.19% | −0.01 |
| SCHO Schwab Short-Term US Treas | Reduce -1.5% | 0.15% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -4.9% | 0.05% | −0.01 |
| IFLN Invesco Bloomberg Enhanced F | Reduce -0.2% | 0.09% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -0.9% | 0.20% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -0.3% | 0.03% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -0.9% | 0.11% | −0.01 |
| MCD McDonald's Corp. | Reduce -5.2% | 0.07% | −0.01 |
| PCY Invesco Emerging Markets Sov | Reduce -0.7% | 0.05% | −0.00 |
| IWD iShares Russell 1000 Value E | Reduce -0.1% | 0.18% | −0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.1% | 0.13% | −0.00 |
| VGK Vanguard Ftse Europe ETF | Reduce -0.1% | 0.07% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -2.0% | 0.12% | −0.00 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -0.5% | 0.18% | −0.00 |
| QYLD Global X Nasd 100 Cov Call | Reduce -3.8% | 0.02% | −0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -4.7% | 0.03% | −0.00 |
| GMF State Street SPDR S&P Emergi | Reduce -0.8% | 0.04% | −0.00 |
| USB US Bancorp | Reduce -1.3% | 0.03% | −0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -2.5% | 0.03% | −0.00 |
| DGRE Wisdomtree Emerging Markets | Reduce -2.7% | 0.06% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -3.5% | 0.06% | +0.00 |
| MCK McKesson Corp. | Reduce -1.0% | 0.09% | +0.00 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.6% | 0.04% | +0.00 |
| XEL Xcel Energy Inc. | Reduce -0.6% | 0.09% | +0.00 |
| TGT Target Corp. | Reduce -6.7% | 0.03% | +0.00 |
| PFE Pfizer Inc. | Reduce -0.1% | 0.08% | +0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| DFCF Dimensional Core Fixed Inc. | Add +11.5% | 15.51% | +0.93 |
| DFSD Dimensional Short Duration | Add +14.4% | 9.04% | +0.81 |
| DFAT Dimensional US Target Value | Add +3.6% | 5.64% | +0.25 |
| DFAS Dimensional US Small Cap ETF | Add +4.5% | 8.26% | +0.21 |
| DFAX Dimensional World Ex US Core | Add +0.8% | 17.57% | +0.12 |
| DFGR Dim Global Real Estate ETF | Add +6.9% | 2.50% | +0.08 |
| TT Trane Technologies PLC | Add +221.0% | 0.08% | +0.06 |
| FITB Fifth Third Bancorp | New | 0.04% | +0.04 |
| CVX Chevron Corp. | New | 0.03% | +0.03 |
| XOM Exxon Mobil Corp. | New | 0.03% | +0.03 |
| UNFI United Natural Foods Inc. | New | 0.03% | +0.03 |
| AMAT Applied Materials Inc. | New | 0.02% | +0.02 |
| NEE Nextera Energy Inc. | New | 0.02% | +0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.02% | +0.02 |
| JNJ Johnson & Johnson | Add +2.4% | 0.06% | +0.01 |
| MO Altria Group Inc. | Add +0.0% | 0.04% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +14.2% | 0.06% | +0.00 |
| PEP Pepsico Inc. | Add +0.0% | 0.05% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +0.7% | 0.03% | −0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +0.1% | 0.03% | −0.00 |
| GOOG Alphabet Inc. Class C | Add +12.1% | 0.03% | −0.00 |
| TRV The Travelers Cos Inc. | Add +0.1% | 0.04% | −0.00 |
| VGSH Vanguard Short-Term Treasury | Add +2.9% | 0.12% | −0.00 |
| VOO Vanguard S&P 500 ETF | Add +2.8% | 0.03% | −0.00 |
| DAL Delta Air Lines Inc. | Add +3.5% | 0.05% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.7% | 0.07% | −0.00 |
| ACVF American Conservative Values | Add +0.9% | 0.03% | −0.00 |
| ABBV Abbvie Inc. | Add +0.3% | 0.03% | −0.00 |
| ITOT iShares Core S&P Total U.S. | Add +1.6% | 0.04% | −0.00 |
| AMD Advanced Micro Devices | Add +0.8% | 0.07% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +2.5% | 0.30% | −0.01 |
| IVV iShares Core S&P 500 ETF | Add +0.5% | 0.09% | −0.01 |
| SOLV Solventum Corp. | Add +0.6% | 0.04% | −0.01 |
| AMZN Amazon.com Inc. | Add +1.5% | 0.14% | −0.02 |
| TSLA Tesla Inc. | Add +0.2% | 0.18% | −0.04 |
| MMM 3M Co. | Add +1.1% | 0.38% | −0.05 |
| MSFT Microsoft Corp. | Add +3.1% | 0.20% | −0.06 |
| UNH Unitedhealth Group Inc. | Add +8.9% | 0.54% | −0.09 |
| DFUS Dimensional US Eq MKT ETF | Add +4.9% | 21.15% | −0.77 |
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 |