SEC 13F Intelligence

Managers / Q4 2022 · view latest →

BALLAST ADVISORS LLC

CIK 0001803415 · 683 BIELENBERG DRIVE, SUITE 208, WOODBURY, MN, 55125-1705 · 651-478-4644

Reported Value
$228M
Q4 2022
Positions
179
Filings on Record
28
2019–present window
Filed
Jan 26, 2023
original filing

Summary

Ballast Advisors LLC reported $228M in U.S.-listed holdings across 179 positions for Q4 2022.

The portfolio is heavily concentrated: SCHV alone accounts for 47.0% of reported value.

Compared with Q3 2022, the fund opened 5 new positions and exited 3.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+81.2%
share of reported value
Largest Position
+47.0%
Schwab Strategic Tr
New / Exited
5 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’19: $136MQ4 ’19Q1 ’20: $117MQ2 ’20: $141MQ3 ’20: $160MQ4 ’20: $194MQ4 ’20Q1 ’21: $217MQ2 ’21: $236MQ3 ’21: $241MQ4 ’21: $261MQ4 ’21Q1 ’22: $256MQ2 ’22: $222MQ3 ’22: $214MQ4 ’22: $228MQ4 ’22Q1 ’23: $251MQ2 ’23: $266MQ3 ’23: $251MQ4 ’23: $268MQ4 ’23Q1 ’24: $297MQ2 ’24: $315MQ3 ’24: $324MQ4 ’24: $325MQ4 ’24Q1 ’25: $314MQ2 ’25: $339MQ3 ’25: $363MQ4 ’25: $363MQ4 ’25filingsflow.com

Portfolio Composition

By security type
ETP: 63.6%Common Stock: 31.8%MLP: 3.5%Other: 0.5%ADR: 0.4%Other: 0.1%
  • ETP · 63.6% · $145M
  • Common Stock · 31.8% · $73M
  • MLP · 3.5% · $8M
  • Other · 0.5% · $1M
  • ADR · 0.4% · $977,799
  • Other · 0.1% · $296,582

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CMICUMMINS INCNEW+922922+$223,391$223,391
TJXTJX COS INC NEWNEW+2.8K2.8K+$221,447$221,447
PMPHILIP MORRIS INTL INCNEW+2.2K2.2K+$218,917$218,917
LINDE PLCNEW+645645+$210,386$210,386
DCIDONALDSON INCNEW+3.4K3.4K+$200,335$200,335
SPYDSPDR SER TRADDED+716726+$28,754$28,754
GLDSPDR GOLD TRSOLD OUT−2.4K0−$367,000$0
DISDISNEY WALT COSOLD OUT−2.5K0−$235,000$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

82 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHVSCHWAB STRATEGIC TRUS LCAP VA ETF · US LRG CAP ETF · INTL EQTY ETF · US LCAP GR ETF · US BRD MKT ETF · EMRG MKTEQ ETF · SHT TM US TRES · US SML CAP ETF · US AGGREGATE B · US REIT ETF · US MID-CAP ETF · US TIPS ETF · US DIVIDEND EQ · INT-TRM U.S TRES47.01%$107M2.45M
2AGGISHARES TRCORE US AGGBD ET · RUSSELL 2000 ETF · 20 YR TR BD ETF · 1 3 YR TREAS BD · CORE S&P500 ETF · CORE S&P SCP ETF · RUS 1000 GRW ETF · TIPS BD ETF · 7-10 YR TRSY BD · SHRT NAT MUN ETF · U.S. MED DVC ETF · NATIONAL MUN ETF · RUS TP200 GR ETF · CORE MSCI EAFE · RUS TP200 VL ETF · MSCI EAFE ETF · RUS MD CP GR ETF · S&P 500 VAL ETF · INTL SEL DIV ETF · CORE S&P US GWT · CORE S&P MCP ETF · RUS MID CAP ETF · EAFE VALUE ETF · S&P MC 400VL ETF · EAFE GRWTH ETF · S&P 500 GRWT ETF · S&P MC 400GR ETF · IBOXX INV CP ETF · S&P SML 600 GWT · SELECT DIVID ETF · RUS 2000 VAL ETF · RUSSELL 3000 ETF · 3 7 YR TREAS BD · PFD AND INCM SEC · MSCI KLD400 SOC · RUS 1000 VAL ETF · MRGSTR MD CP GRW · SP SMCP600VL ETF · MSCI EMG MKT ETF · RUS 2000 GRW ETF · EAFE SML CP ETF11.99%$27M271.2K
3AAPLAPPLE INChistory →COM7.95%$18M139.8K
4EPDENTERPRISE PRODS PARTNERS Lhistory →COM3.52%$8M333.3K
5JPMJPMORGAN CHASE & COhistory →COM3.24%$7M55.1K
6MSFTMICROSOFT CORPhistory →COM2.54%$6M24.2K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.49%$3M11.0K
8UBERUBER TECHNOLOGIES INChistory →COM1.28%$3M117.8K
9BXBLACKSTONE INChistory →COM1.12%$3M34.5K
10NTICNORTHERN TECHNOLOGIES INTL Chistory →COM1.11%$3M191.0K
11SPYGSPDR SER TRS&P 600 SML CAP · PRTFLO S&P500 GW · BLOOMBERG SHT TE · S&P 600 SMCP VAL · PRTFLO S&P500 VL · S&P 600 SMCP GRW · S&P DIVID ETF · NUVEEN BLMBRG MU · S&P 400 MDCP GRW · S&P BIOTECH · PORTFOLIO LN TSR · PORTFOLIO S&P500 · NUVEEN BLMBRG SH · S&P 400 MDCP VAL · PRTFLO S&P500 HI · NUVEEN BLOOMBERG · BLOOMBERG HIGH Y · HLTH CARE SVCS · PORTFOLIO SH TSR1.02%$2M47.7K
12GOOGLALPHABET INCCAP STK CL A · CAP STK CL C0.89%$2M23.1K
13JNJJOHNSON & JOHNSONCOM0.72%$2M9.3K
14SPDWSPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK · DJ GLB RL ES ETF · MSCI ACWI CLMTE · ASIA PACIF ETF · S&P CHINA ETF0.70%$2M52.6K
15MMM3M COCOM0.70%$2M13.2K
16VWOBVANGUARD WHITEHALL FDSEM MK GOV BD ETF · HIGH DIV YLD0.67%$2M24.6K
17CVXCHEVRON CORP NEWCOM0.66%$2M8.4K
18AMZNAMAZON COM INCCOM0.63%$1M17.2K
19SPYSPDR S&P 500 ETF TRTR UNIT0.61%$1M3.6K
20VVISA INCCOM CL A0.58%$1M6.4K
21XLRESELECT SECTOR SPDR TRRL EST SEL SEC · SBI INT-UTILS · TECHNOLOGY · FINANCIAL · ENERGY · SBI CONS STPLS · SBI HEALTHCARE · SBI INT-INDS0.47%$1M25.0K
22VUGVANGUARD INDEX FDSGROWTH ETF · LARGE CAP ETF · VALUE ETF · REAL ESTATE ETF · SMALL CP ETF · MID CAP ETF · TOTAL STK MKT · SML CP GRW ETF0.46%$1M6.7K
23BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.43%$977,79911.1K
24CATCATERPILLAR INCCOM0.36%$811,8693.4K
25UNHUNITEDHEALTH GROUP INCCOM0.34%$766,1101.4K
26EXMOCEXXON MOBIL CORPCOM0.32%$735,0396.7K
27CVSCVS HEALTH CORPCOM0.32%$729,2857.8K
28MDTMEDTRONIC PLCSHS0.31%$703,2119.0K
29CANADIAN PAC RY LTDCOM0.30%$678,3969.1K
30FASTFASTENAL COCOM0.28%$648,28413.7K
31HDHOME DEPOT INCCOM0.28%$638,5562.0K
32KOCOCA COLA COCOM0.27%$605,5839.5K
33SBUXSTARBUCKS CORPCOM0.26%$600,8706.1K
34HONHONEYWELL INTL INCCOM0.25%$577,2722.7K
35PEPPEPSICO INCCOM0.25%$565,6463.1K
36PGPROCTER AND GAMBLE COCOM0.23%$533,0373.5K
37PFEPFIZER INCCOM0.22%$511,47810.0K
38LMTLOCKHEED MARTIN CORPCOM0.22%$495,2471.0K
39AMGNAMGEN INCCOM0.21%$483,2581.8K
40IBMINTERNATIONAL BUSINESS MACHSCOM0.21%$468,3723.3K
41ABBVABBVIE INCCOM0.20%$452,1222.8K
42VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.19%$434,18010.3K
43XELXCEL ENERGY INCCOM0.19%$428,1966.1K
44CTASCINTAS CORPCOM0.19%$426,781945
45JANUS HENDERSON GROUP PLCORD SHS0.18%$416,30417.7K
46BNDXVANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.18%$408,0408.6K
47MARMARRIOTT INTL INC NEWCL A0.18%$404,0872.7K
48COSTCOSTCO WHSL CORP NEWCOM0.17%$389,851854
49AXPAMERICAN EXPRESS COCOM0.17%$387,2532.6K
50APOGAPOGEE ENTERPRISES INCCOM0.17%$383,1128.6K
51VTIPVANGUARD MALVERN FDSSTRM INFPROIDX0.17%$381,4348.2K
52VGTVANGUARD WORLD FDSINF TECH ETF · FINANCIALS ETF · CONSUM STP ETF · HEALTH CAR ETF0.16%$373,3762.3K
53CSCOCISCO SYS INCCOM0.16%$373,0217.8K
54MRKMERCK & CO INCCOM0.16%$362,0303.3K
55VZVERIZON COMMUNICATIONS INCCOM0.16%$358,1799.1K
56MCDMCDONALDS CORPCOM0.15%$344,9611.3K
57TSLATESLA INCCOM0.15%$331,7242.7K
58WMTWALMART INCCOM0.14%$320,7492.3K
59NVDANVIDIA CORPORATIONCOM0.14%$319,3162.2K
60ABTABBOTT LABSCOM0.14%$318,0622.9K
61ORCLORACLE CORPCOM0.13%$307,8333.8K
62BWBBRIDGEWATER BANCSHARES INCCOM ACCD INV0.13%$294,48416.6K
63LLYLILLY ELI & COCOM0.13%$287,184785
64LISTED FD TRTRUESHARES STRCT · TRUESHS ESG ACTV · TRUESHS TECH AI0.12%$281,6799.7K
65WMWASTE MGMT INC DELCOM0.12%$280,0191.8K
66ACNACCENTURE PLC IRELANDSHS CLASS A0.12%$278,8481.0K
67UNPUNION PAC CORPCOM0.12%$268,1561.3K
68OGEOGE ENERGY CORPCOM0.12%$263,9176.7K
69HLTHILTON WORLDWIDE HLDGS INCCOM0.11%$249,1822.0K
70TAT&T INCCOM0.11%$245,77413.3K
71USBUS BANCORP DELCOM NEW0.11%$243,3015.6K
72BACBANK AMERICA CORPCOM0.10%$233,3647.0K
73CMICUMMINS INCCOM0.10%$223,391922
74TJXTJX COS INC NEWCOM0.10%$221,4472.8K
75PMPHILIP MORRIS INTL INCCOM0.10%$218,9172.2K
76AMTAMERICAN TOWER CORP NEWCOM0.09%$215,6731.0K
77RMDRESMED INCCOM0.09%$211,6681.0K
78LINDE PLCSHS0.09%$210,386645
79INTCINTEL CORPCOM0.09%$206,2607.8K
80DCIDONALDSON INCCOM0.09%$200,3353.4K
81FFORD MTR CO DELCOM0.07%$153,59313.2K
82ELEVANCE HEALTH INCNOTE 2.750%10/10.04%$80,90911.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026Under review401Jun 23, 2026RESTATEMENTchanges · EDGAR ↗
Q1 2026Under review394May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$363M175Feb 3, 202613F-HRchanges · EDGAR ↗
Q3 2025$363M180Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$339M168Jul 31, 202513F-HRchanges · EDGAR ↗
Q1 2025$314M164May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$325M161Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$324M163Oct 30, 202413F-HRchanges · EDGAR ↗
Q2 2024$315M163Jul 26, 202413F-HRchanges · EDGAR ↗
Q1 2024$297M172May 1, 202413F-HRchanges · EDGAR ↗
Q4 2023$268M169Jan 30, 202413F-HRchanges · EDGAR ↗
Q3 2023$251M178Oct 19, 202313F-HRchanges · EDGAR ↗
Q2 2023$266M180Aug 4, 202313F-HRchanges · EDGAR ↗
Q1 2023$251M185May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$228M179Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$214M177Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$222M182Jul 20, 202213F-HRchanges · EDGAR ↗
Q1 2022$256M186Apr 21, 202213F-HRchanges · EDGAR ↗
Q4 2021$261M182Feb 4, 202213F-HRchanges · EDGAR ↗
Q3 2021$241M178Nov 1, 202113F-HRchanges · EDGAR ↗
Q2 2021$236M179Jul 20, 202113F-HRchanges · EDGAR ↗
Q1 2021$217M175Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$194M171Feb 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$160M169Oct 22, 202013F-HRchanges · EDGAR ↗
Q2 2020$141M160Jul 29, 202013F-HRchanges · EDGAR ↗
Q1 2020$117M518Apr 16, 202013F-HRchanges · EDGAR ↗
Q4 2019$136M163Feb 14, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.