SEC 13F Intelligence

Managers / Q1 2023 · view latest →

BALLAST ADVISORS LLC

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

Reported Value
$251M
Q1 2023
Positions
185
Filings on Record
28
2019–present window
Filed
May 9, 2023
original filing

Summary

Ballast Advisors LLC reported $251M in U.S.-listed holdings across 185 positions for Q1 2023.

The portfolio is heavily concentrated: Schwab Strategic Tr alone accounts for 46.3% of reported value.

Compared with Q4 2022, the fund opened 12 new positions and exited 6.

Portfolio Metrics

Turnover
+2.0%
vs prior filed quarter
Top-10 Concentration
+82.2%
share of reported value
Largest Position
+46.3%
Schwab Strategic Tr
New / Exited
12 / 6
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: 62.5%Common Stock: 32.6%MLP: 3.5%Other: 0.7%ADR: 0.6%REIT: 0.1%
  • ETP · 62.5% · $157M
  • Common Stock · 32.6% · $82M
  • MLP · 3.5% · $9M
  • Other · 0.7% · $2M
  • ADR · 0.6% · $2M
  • REIT · 0.1% · $211,083

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ECLECOLAB INCNEW+3.0K3.0K+$503,377$503,377
METAMETA PLATFORMS INCNEW+1.7K1.7K+$352,456$352,456
NVONOVO-NORDISK A SNEW+1.7K1.7K+$270,697$270,697
LINDE PLCNEW+661661+$234,946$234,946
CMGCHIPOTLE MEXICAN GRILL INCNEW+137137+$234,036$234,036
TSMTAIWAN SEMICONDUCTOR MFG LTDNEW+2.3K2.3K+$215,527$215,527
NFLXNETFLIX INCNEW+603603+$208,324$208,324
DISDISNEY WALT CONEW+2.0K2.0K+$204,065$204,065

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

Holdings — Q1 2023

87 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHWAB STRATEGIC TRUS LCAP VA ETF · US LRG CAP ETF · INTL EQTY ETF · US LCAP GR ETF · SHT TM US TRES · US BRD MKT ETF · EMRG MKTEQ ETF · US SML CAP ETF · US AGGREGATE B · US REIT ETF · US MID-CAP ETF · US TIPS ETF · US DIVIDEND EQ · INT-TRM U.S TRES46.29%$116M2.50M
2ISHARES TRCORE US AGGBD ET · 20 YR TR BD ETF · RUSSELL 2000 ETF · 1 3 YR TREAS BD · CORE S&P500 ETF · CORE S&P SCP ETF · RUS 1000 GRW ETF · TIPS BD ETF · NATIONAL MUN ETF · 7-10 YR TRSY BD · RUS TP200 GR ETF · SHRT NAT MUN ETF · U.S. MED DVC ETF · CORE MSCI EAFE · RUS TP200 VL ETF · INTL SEL DIV ETF · MSCI EAFE ETF · S&P 500 VAL ETF · RUS MD CP GR ETF · RUS MID CAP ETF · CORE S&P US GWT · CORE S&P MCP ETF · EAFE VALUE ETF · S&P 500 GRWT ETF · EAFE GRWTH ETF · S&P MC 400VL ETF · IBOXX INV CP ETF · SELECT DIVID ETF · RUSSELL 3000 ETF · RUS 2000 VAL ETF · 3 7 YR TREAS BD · PFD AND INCM SEC · S&P MC 400GR ETF · S&P SML 600 GWT · 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 ETF · RUS MDCP VAL ETF11.75%$29M281.1K
3AAPLAPPLE INChistory →COM9.38%$24M142.6K
4EPDENTERPRISE PRODS PARTNERS Lhistory →COM3.47%$9M336.1K
5MSFTMICROSOFT CORPhistory →COM3.39%$9M29.5K
6JPMJPMORGAN CHASE & COhistory →COM2.85%$7M54.7K
7UBERUBER TECHNOLOGIES INChistory →COM1.44%$4M114.2K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.37%$3M11.2K
9BXBLACKSTONE INChistory →COM1.21%$3M34.6K
10SPDR 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 · PRTFLO S&P500 HI · S&P BIOTECH · S&P 400 MDCP GRW · PORTFOLIO LN TSR · PORTFOLIO S&P500 · NUVEEN BLMBRG SH · S&P 400 MDCP VAL · BLOOMBERG HIGH Y · NUVEEN BLOOMBERG · HLTH CARE SVCS · PORTFOLIO SH TSR1.02%$3M50.4K
11GOOGLALPHABET INCCAP STK CL A · CAP STK CL C0.98%$2M23.6K
12NTICNORTHERN TECHNOLOGIES INTL CCOM0.90%$2M191.0K
13AMZNAMAZON COM INCCOM0.72%$2M17.6K
14SPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK · DJ GLB RL ES ETF · MSCI ACWI CLMTE · ASIA PACIF ETF · S&P CHINA ETF0.70%$2M53.8K
15VANGUARD WHITEHALL FDSEM MK GOV BD ETF · HIGH DIV YLD0.64%$2M25.3K
16JNJJOHNSON & JOHNSONCOM0.58%$1M9.4K
17VVISA INCCOM CL A0.56%$1M6.2K
18CHVCHEVRON CORP NEWCOM0.55%$1M8.4K
19SPDR S&P 500 ETF TRTR UNIT0.52%$1M3.2K
20MMM3M COCOM0.50%$1M11.9K
21XLUSELECT SECTOR SPDR TRRL EST SEL SEC · SBI INT-UTILS · TECHNOLOGY · ENERGY · SBI CONS STPLS · SBI HEALTHCARE · FINANCIAL · SBI INT-INDS · COMMUNICATION0.49%$1M28.2K
22VUGVANGUARD INDEX FDSGROWTH ETF · LARGE CAP ETF · REAL ESTATE ETF · VALUE ETF · SMALL CP ETF · MID CAP ETF · TOTAL STK MKT0.45%$1M6.7K
23BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.45%$1M11.0K
24CATCATERPILLAR INCCOM0.31%$775,7683.4K
25FASTFASTENAL COCOM0.29%$738,97813.7K
26EXMOCEXXON MOBIL CORPCOM0.29%$734,7226.7K
27UNHUNITEDHEALTH GROUP INCCOM0.29%$722,5901.5K
28NVDANVIDIA CORPORATIONCOM0.26%$653,0372.4K
29MEDTRONIC PLCSHS0.25%$616,7437.7K
30KOCOCA COLA COCOM0.24%$607,7859.8K
31HDHOME DEPOT INCCOM0.24%$597,3282.0K
32TSLATESLA INCCOM0.24%$595,6182.9K
33SBUXSTARBUCKS CORPCOM0.24%$595,3275.7K
34PEPPEPSICO INCCOM0.23%$574,0633.1K
35PGPROCTER AND GAMBLE COCOM0.21%$527,4033.5K
36HONGBPHONEYWELL INTL INCCOM0.20%$510,4352.7K
37ECLECOLAB INCCOM0.20%$503,3773.0K
38CVSCVS HEALTH CORPCOM0.20%$492,3256.6K
39LMTLOCKHEED MARTIN CORPCOM0.19%$485,0211.0K
40VANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.19%$482,7439.9K
41ABBVABBVIE INCCOM0.18%$457,6882.9K
42COSTCOSTCO WHSL CORP NEWCOM0.18%$445,196896
43AMGNAMGEN INCCOM0.18%$442,6441.8K
44MARMARRIOTT INTL INC NEWCL A0.18%$442,1652.7K
45XELXCEL ENERGY INCCOM0.18%$440,8386.5K
46IBMINTERNATIONAL BUSINESS MACHSCOM0.17%$434,6133.3K
47CSCOCISCO SYS INCCOM0.17%$430,2238.2K
48PFEPFIZER INCCOM0.17%$430,03210.5K
49AXPAMERICAN EXPRESS COCOM0.17%$427,2212.6K
50VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.16%$404,9499.0K
51APOGAPOGEE ENTERPRISES INCCOM0.15%$372,6858.6K
52JANUS HENDERSON GROUP PLCORD SHS0.15%$371,62813.9K
53MCDMCDONALDS CORPCOM0.15%$370,2041.3K
54MRKMERCK & CO INCCOM0.15%$369,0673.5K
55ORCLORACLE CORPCOM0.15%$367,9634.0K
56VANGUARD MALVERN FDSSTRM INFPROIDX0.15%$366,5887.7K
57WMTWALMART INCCOM0.15%$363,6812.5K
58METAMETA PLATFORMS INCCL A0.14%$352,4561.7K
59ACCENTURE PLC IRELANDSHS CLASS A0.13%$332,3971.2K
60LISTED FD TRTRUESHARES STRCT · TRUESHS TECH AI · TRUESHS ESG ACTV0.12%$309,4639.7K
61BACVERIZON COMMUNICATIONS INCCOM0.12%$308,9567.9K
62ABTABBOTT LABSCOM0.12%$302,2613.0K
63WMWASTE MGMT INC DELCOM0.12%$291,3311.8K
64VPUVANGUARD WORLD FDSINF TECH ETF · FINANCIALS ETF · UTILITIES ETF · CONSUM STP ETF0.11%$279,3741.5K
65CITCINTAS CORPCOM0.11%$277,608600
66HLTHILTON WORLDWIDE HLDGS INCCOM0.11%$272,1611.9K
67NVONOVO-NORDISK A SADR0.11%$270,6971.7K
68LLYLILLY ELI & COCOM0.11%$269,585785
69INTCINTEL CORPCOM0.11%$264,9218.1K
70UNPUNION PAC CORPCOM0.10%$260,6321.3K
71TAT&T INCCOM0.09%$237,29512.3K
72LINDE PLCSHS0.09%$234,946661
73CMGCHIPOTLE MEXICAN GRILL INCCOM0.09%$234,036137
74DCIDONALDSON INCCOM0.09%$222,3523.4K
75CMICUMMINS INCCOM0.09%$220,247922
76TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.09%$215,5272.3K
77OGEOGE ENERGY CORPCOM0.09%$215,4155.7K
78BACBANK AMERICA CORPCOM0.08%$212,3847.4K
79TJXTJX COS INC NEWCOM0.08%$212,1992.7K
80AMTAMERICAN TOWER CORP NEWCOM0.08%$211,0831.0K
814I1PHILIP MORRIS INTL INCCOM0.08%$210,3522.2K
82NFLXNETFLIX INCCOM0.08%$208,324603
83USBUS BANCORP DELCOM NEW0.08%$207,0005.7K
84DISDISNEY WALT COCOM0.08%$204,0652.0K
85UPSUNITED PARCEL SERVICE INCCL B0.08%$200,1781.0K
86FFORD MTR CO DELCOM0.07%$166,55713.2K
87BWBBRIDGEWATER BANCSHARES INCCOM ACCD INV0.06%$158,26414.6K

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 ↗.