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

0$500.0M$1.0B$1.5B Q1 2024: $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 $1.1B Q2 2026

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%
AMGN Amgen Inc. 0.03% 909 $329K Add +0.3%
BSX Boston Scientific Corp. 0.03% 7,547 $322K Add +31.4%
MP MP Materials Corp. 0.03% 5,741 $322K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 1,448 $316K Add +3.0%
WFC Wells Fargo & Co. 0.03% 3,811 $315K Reduce -3.1%
ROK Rockwell Automation Inc. 0.03% 634 $314K No change
TGT Target Corp. 0.03% 2,186 $286K Reduce -3.3%
LNT Alliant Energy Corp. 0.03% 3,647 $278K Add +5.8%
VCSH Vanguard S/T Corp. Bond ETF 0.03% 3,439 $272K Add +2.2%
PSO Pearson PLC-Sponsored ADR 0.02% 16,800 $267K No change
BIV Vanguard Intermediate-Term B 0.02% 3,406 $261K New
MDY State Street SPDR S&P Midcap 0.02% 348 $245K No change
FLRT Pacer Aristotle Pacific Floa 0.02% 4,993 $233K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.02% 2,617 $230K Reduce -2.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.02% 2,652 $228K New
ORCL Oracle Corp. 0.02% 1,559 $228K No change
VWO Vanguard Ftse Emerging Marke 0.02% 3,690 $220K New
NVT Nvent Electric PLC 0.02% 1,281 $217K New
QYLD Global X Nasd 100 Cov Call 0.02% 11,734 $216K Reduce -10.2%
PFFA Virtus Infracap US Pref STCK 0.02% 10,000 $206K No change
XOM Exxon Mobil Corp. 0.02% 1,504 $206K Add +2.9%
CVX Chevron Corp. 0.02% 1,236 $205K Add +1.1%
NEE Nextera Energy Inc. 0.02% 2,315 $203K Add +1.2%
C Citigroup Inc. 0.02% 1,443 $202K New
BIZD Vaneck BDC Income ETF 0.01% 12,186 $154K No change
SFL SFL Corp. Ltd. 0.01% 15,000 $153K No change
GNL Global Net Lease Inc. 0.01% 10,000 $89K No change

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

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