Somerset Group LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Somerset Group LLC reported 62 stock positions worth $109.4 million. Its top holding was C.H. Robinson Worldwide (CHRW) at 7.2% of the portfolio, followed by 3M (MMM, 6.7%) and Invesco QQQ Trust Series 1 (QQQ, 6.5%). Compared with Q3 2024, it opened 1 new position, added to 8 and reduced 27. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +62%) and the biggest sale C.H. Robinson Worldwide (CHRW, shares −3%).

Most Recent 13F
Q2 2026
Location
WAYZATA, MN
CIK
0001567912
Portfolio Value
$109.4M (Q4 2024)
SEC Filing
0001062993-25-002057 ↗ filed Feb 11, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $106.6M Q1 2024 Q2 2024: $112.7M Q2 2024 Q3 2024: $108.4M Q3 2024 Q4 2024: $109.4M $109.4M Q4 2024 Q1 2025: $109.9M Q1 2025 Q2 2025: $118.1M Q2 2025 Q3 2025: $126.2M Q3 2025 Q4 2025: $132.7M Q4 2025 Q1 2026: $134.6M Q1 2026 Q2 2026: $142.5M Q2 2026

Holdings 62 stocks · $109.4M
CHRW C.H. Robinson Worldwide Inc. 7.19% 76,149 $7.9M Reduce -2.7%
MMM 3M Co. 6.74% 57,130 $7.4M No change
QQQ Invesco QQQ Trust Series 1 6.54% 13,996 $7.2M Add +2.1%
AAPL Apple Inc. 5.57% 24,345 $6.1M Reduce -0.8%
MSFT Microsoft Corp. 5.30% 13,754 $5.8M Reduce -3.1%
AMZN Amazon.com Inc. 4.77% 23,790 $5.2M Reduce -2.8%
BX Blackstone Inc. 3.59% 22,758 $3.9M Reduce -1.9%
SCHX Schwab US Large-Cap ETF 3.53% 166,443 $3.9M Reduce -1.0%
NEE Nextera Energy Inc. 3.41% 52,000 $3.7M Reduce -0.3%
COST Costco Wholesale Corp. 3.32% 3,966 $3.6M Add +0.1%
WFC Wells Fargo & Co. 3.06% 47,629 $3.3M No change
PANW Palo Alto Networks Inc. 2.86% 17,216 $3.1M Reduce -3.4%
IHI iShares U.S. Medical Devices 2.77% 51,931 $3.0M Reduce -1.3%
FDN First Trust DJ Internet Ind 2.31% 10,397 $2.5M Reduce -1.6%
IYF iShares US Financials ETF 2.31% 22,848 $2.5M Reduce -0.6%
CVX Chevron Corp. 2.05% 15,513 $2.2M No change
MINT PIMCO Enhanced Short Maturit 1.97% 21,520 $2.2M Reduce -0.2%
USB US Bancorp 1.86% 42,484 $2.0M No change
IWO iShares Russell 2000 Growth 1.85% 7,040 $2.0M No change
GOOG Alphabet Inc. Class C 1.77% 10,179 $1.9M Add +0.3%
IJK iShares S&P Mid-Cap 400 Grow 1.61% 19,373 $1.8M Reduce -1.7%
LNG Cheniere Energy Inc. 1.61% 8,173 $1.8M Reduce -3.3%
SPY SS SPDR S&P 500 ETF Trust-US 1.47% 2,736 $1.6M Add +62.3%
TXN Texas Instruments Inc. 1.22% 7,130 $1.3M No change
LLY Eli Lilly & Co. 1.22% 1,728 $1.3M Reduce -1.4%
ABBV Abbvie Inc. 1.10% 6,803 $1.2M No change
VB Vanguard Most SM-Cap ETF-Usd 1.00% 4,565 $1.1M Reduce -4.0%
DELL Dell Technologies -C 1.00% 9,490 $1.1M Reduce -1.0%
ITA iShares U.S. Aerospace & Def 1.00% 7,514 $1.1M Reduce -0.8%
XOM Exxon Mobil Corp. 0.96% 9,749 $1.0M No change
XLE SS Energy Select Sector 0.96% 12,233 $1.0M Add +1.1%
TRV The Travelers Cos Inc. 0.95% 4,303 $1.0M No change
Sanmina Sci Corporation 0.94% 13,566 $1.0M Reduce -1.1%
LOW Lowe's Cos Inc. 0.93% 4,106 $1.0M Add +2.5%
NVDA Nvidia Corp. 0.91% 7,438 $999K Add +1.5%
F Ford Motor Co. filed as FORD MTR CO 0.87% 95,859 $949K Reduce -27.1%
ECL Ecolab Inc. 0.72% 3,382 $792K Reduce -3.1%
PEP Pepsico Inc. 0.71% 5,138 $781K No change
MCD McDonald's Corp. 0.67% 2,544 $737K No change
COR Cencora Inc. 0.57% 2,758 $620K No change
WY Weyerhaeuser Co. 0.51% 19,777 $557K No change
FISV Fiserv Inc. 0.50% 2,689 $552K Reduce -0.4%
NTRS Northern Trust Corp. 0.47% 5,000 $513K No change
SCHO Schwab Short-Term US Treas 0.43% 19,554 $470K Reduce -3.2%
NEAR iShares SH Dba ETF Usd Inc. 0.38% 8,152 $412K No change
SPGI S&P Global Inc. 0.34% 750 $374K No change
MRK Merck & Co. Inc. 0.33% 3,613 $359K No change
SMH Vaneck Semiconductor ETF 0.30% 1,366 $331K Reduce -0.5%
SCHA Schwab US Small-Cap ETF 0.30% 12,624 $326K Reduce -3.5%
SCHB Schwab US Broad Market ETF 0.30% 14,288 $324K Add +8.5%
Stryker Corporation 0.30% 900 $324K Reduce -10.0%
TGT Target Corp. 0.30% 2,396 $324K No change
JNJ Johnson & Johnson 0.27% 2,034 $294K No change
ISRG Intuitive Surgical Inc. 0.26% 540 $282K No change
HON Honeywell International Inc. 0.25% 1,207 $273K No change
PG The Procter & Gamble Co. 0.24% 1,578 $265K No change
CB Chubb Ltd. 0.24% 954 $264K No change
CRM Salesforce Inc. 0.24% 787 $263K No change
DSI iShares ESG MSCI KLD 400 ETF 0.24% 2,368 $261K Reduce -4.4%
XLG Invesco S&P 500 Top 50 ETF 0.23% 5,000 $250K No change
Whirlpool Corp 0.20% 1,951 $223K No change
WMT Walmart Inc. 0.19% 2,343 $212K New

Portfolio Sells Q3 2024 → Q4 2024
CHRW C.H. Robinson Worldwide Inc. Reduce -2.7% 7.19% −0.77
NEE Nextera Energy Inc. Reduce -0.3% 3.41% −0.66
F Ford Motor Co. Reduce -27.1% 0.87% −0.41
MSFT Microsoft Corp. Reduce -3.1% 5.30% −0.34
LLY Eli Lilly & Co. Reduce -1.4% 1.22% −0.21
IHI iShares U.S. Medical Devices Reduce -1.3% 2.77% −0.10
ECL Ecolab Inc. Reduce -3.1% 0.72% −0.10
IJK iShares S&P Mid-Cap 400 Grow Reduce -1.7% 1.61% −0.06
DELL Dell Technologies -C Reduce -1.0% 1.00% −0.05
ITA iShares U.S. Aerospace & Def Reduce -0.8% 1.00% −0.05
VB Vanguard Most SM-Cap ETF-Usd Reduce -4.0% 1.00% −0.04
Stryker Corporation Reduce -10.0% 0.30% −0.04
MINT PIMCO Enhanced Short Maturit Reduce -0.2% 1.97% −0.03
SCHO Schwab Short-Term US Treas Reduce -3.2% 0.43% −0.03
SCHA Schwab US Small-Cap ETF Reduce -3.5% 0.30% −0.01
DSI iShares ESG MSCI KLD 400 ETF Reduce -4.4% 0.24% −0.01
SMH Vaneck Semiconductor ETF Reduce -0.5% 0.30% −0.01
SCHX Schwab US Large-Cap ETF Reduce -1.0% 3.53% +0.02
PANW Palo Alto Networks Inc. Reduce -3.4% 2.86% +0.06
FISV Fiserv Inc. Reduce -0.4% 0.50% +0.06
Sanmina Sci Corporation Reduce -1.1% 0.94% +0.07
IYF iShares US Financials ETF Reduce -0.6% 2.31% +0.11
LNG Cheniere Energy Inc. Reduce -3.3% 1.61% +0.20
FDN First Trust DJ Internet Ind Reduce -1.6% 2.31% +0.25
AAPL Apple Inc. Reduce -0.8% 5.57% +0.30
BX Blackstone Inc. Reduce -1.9% 3.59% +0.31
AMZN Amazon.com Inc. Reduce -2.8% 4.77% +0.57

Portfolio Buys Q3 2024 → Q4 2024
SPY SS SPDR S&P 500 ETF Trust-US Add +62.3% 1.47% +0.57
QQQ Invesco QQQ Trust Series 1 Add +2.1% 6.54% +0.37
GOOG Alphabet Inc. Class C Add +0.3% 1.77% +0.21
WMT Walmart Inc. New 0.19% +0.19
NVDA Nvidia Corp. Add +1.5% 0.91% +0.09
COST Costco Wholesale Corp. Add +0.1% 3.32% +0.08
SCHB Schwab US Broad Market ETF Add +8.5% 0.30% +0.03
XLE SS Energy Select Sector Add +1.1% 0.96% −0.02
LOW Lowe's Cos Inc. Add +2.5% 0.93% −0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 58$142.5MCHRW, QQQ, MMM, SCHX, AAPL
Q1 2026 59$134.6MCHRW, QQQ, MMM, SCHX, AMZN
Q4 2025 59$132.7MCHRW, QQQ, MMM, MSFT, SCHX
Q3 2025 60$126.2MCHRW, QQQ, MMM, MSFT, SCHX
Q2 2025 60$118.1MQQQ, MMM, CHRW, MSFT, AMZN
Q1 2025 62$109.9MMMM, CHRW, QQQ, AAPL, MSFT
Q4 2024 62$109.4MCHRW, MMM, QQQ, AAPL, MSFT
Q3 2024 61$108.4MCHRW, MMM, QQQ, MSFT, AAPL
Q2 2024 62$112.7MUSB, CHRW, MSFT, QQQ, MMM
Q1 2024 60$106.6MUSB, MSFT, CHRW, MMM, QQQ