SEC 13F Intelligence

Managers / Q2 2023 · view latest →

BALLAST ADVISORS LLC

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

Reported Value
$266M
Q2 2023
Positions
180
Filings on Record
28
2019–present window
Filed
Aug 4, 2023
original filing

Summary

Ballast Advisors LLC reported $266M in U.S.-listed holdings across 180 positions for Q2 2023.

The portfolio is heavily concentrated: SCHV alone accounts for 45.2% of reported value.

Compared with Q1 2023, the fund opened 9 new positions and exited 14.

Portfolio Metrics

Turnover
+2.5%
vs prior filed quarter
Top-10 Concentration
+81.9%
share of reported value
Largest Position
+45.2%
Schwab Strategic Tr
New / Exited
9 / 14
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: $106MQ2 ’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 ’25Q1 ’26: $344Mfilingsflow.com

Portfolio Composition

By security type
ETP: 60.8%Common Stock: 35.3%MLP: 3.2%ADR: 0.6%
  • ETP · 60.8% · $162M
  • Common Stock · 35.3% · $94M
  • MLP · 3.2% · $9M
  • ADR · 0.6% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CPCANADIAN PACIFIC KANSAS CITYNEW+9.1K9.1K+$733,957$733,957
SPDR SER TRNEW+14.1K14.1K+$547,566$547,566
ADBEADOBE SYSTEMS INCORPORATEDNEW+622622+$304,152$304,152
FVDFIRST TR VALUE LINE DIVID INNEW+6.2K6.2K+$248,919$248,919
NXPINXP SEMICONDUCTORS N VNEW+1.1K1.1K+$235,177$235,177
GENERAL ELECTRIC CONEW+1.9K1.9K+$209,594$209,594
LOWLOWES COS INCNEW+890890+$200,873$200,873
VCSHVANGUARD SCOTTSDALE FDSNEW+1.5K1.5K+$113,187$113,187

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

Holdings — Q2 2023

88 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHVSCHWAB 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 TRES45.22%$120M2.48M
2AGGISHARES TRCORE US AGGBD ET · RUSSELL 2000 ETF · 20 YR TR BD ETF · 1 3 YR TREAS BD · CORE S&P500 ETF · RUS 1000 GRW ETF · CORE S&P SCP ETF · TIPS BD ETF · NATIONAL MUN ETF · RUS TP200 GR ETF · 7-10 YR TRSY BD · SHRT NAT MUN ETF · CORE MSCI EAFE · RUS TP200 VL ETF · S&P 500 VAL ETF · MSCI EAFE ETF · INTL SEL DIV ETF · RUS MD CP GR ETF · RUS MID CAP ETF · U.S. MED DVC ETF · CORE S&P US GWT · CORE S&P MCP 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 · EAFE VALUE ETF · S&P MC 400GR ETF · S&P SML 600 GWT · MSCI KLD400 SOC · RUS 1000 VAL ETF · MRGSTR MD CP GRW · PFD AND INCM SEC · SP SMCP600VL ETF · RUS 2000 GRW ETF · MSCI EMG MKT ETF · EAFE SML CP ETF11.19%$30M279.2K
3AAPLAPPLE INChistory →COM10.27%$27M140.6K
4MSFTMICROSOFT CORPhistory →COM3.66%$10M28.6K
5EPDENTERPRISE PRODS PARTNERS Lhistory →COM3.23%$9M325.1K
6JPMJPMORGAN CHASE & COhistory →COM3.02%$8M55.2K
7UBERUBER TECHNOLOGIES INChistory →COM1.74%$5M107.1K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.40%$4M10.9K
9BXBLACKSTONE INChistory →COM1.11%$3M31.7K
10GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.07%$3M23.7K
11SPYGSPDR SER TRPORTFOLIO S&P600 · PRTFLO S&P500 GW · BLOOMBERG SHT TE · S&P 600 SMCP VAL · PRTFLO S&P500 VL · S&P DIVID ETF · S&P 600 SMCP GRW · PRTFLO S&P500 HI · NUVEEN BLMBRG MU · S&P 400 MDCP GRW · PORTFOLIO LN TSR · S&P BIOTECH · PORTFOLIO S&P500 · S&P 400 MDCP VAL · NUVEEN BLMBRG SH · BLOOMBERG HIGH Y · NUVEEN BLOOMBERG · PORTFOLIO SH TSR1.00%$3M58.2K
12AMZNAMAZON COM INCCOM0.86%$2M17.5K
13NTICNORTHERN TECHNOLOGIES INTL CCOM0.77%$2M191.0K
14SPDWSPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK · MSCI ACWI CLMTE · ASIA PACIF ETF · S&P CHINA ETF · DJ GLB RL ES ETF0.65%$2M52.4K
15VWOBVANGUARD WHITEHALL FDSEM MK GOV BD ETF · HIGH DIV YLD0.61%$2M25.7K
16VVISA INCCOM CL A0.60%$2M6.7K
17JNJJOHNSON & JOHNSONCOM0.58%$2M9.3K
18XLRESELECT SECTOR SPDR TRRL EST SEL SEC · TECHNOLOGY · SBI INT-UTILS · ENERGY · SBI CONS STPLS · SBI HEALTHCARE · FINANCIAL0.49%$1M29.3K
19SPYSPDR S&P 500 ETF TRTR UNIT0.48%$1M2.9K
20CVXCHEVRON CORP NEWCOM0.47%$1M7.9K
21VUGVANGUARD INDEX FDSGROWTH ETF · LARGE CAP ETF · REAL ESTATE ETF · VALUE ETF · SMALL CP ETF · MID CAP ETF · TOTAL STK MKT0.46%$1M6.8K
22MMM3M COCOM0.40%$1M10.7K
23NVDANVIDIA CORPORATIONCOM0.40%$1M2.5K
24KOCOCA COLA COCOM0.37%$988,16716.4K
25BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.32%$843,91910.1K
26CATCATERPILLAR INCCOM0.31%$833,8633.4K
27PGPROCTER AND GAMBLE COCOM0.28%$737,0014.9K
28CPCANADIAN PACIFIC KANSAS CITYCOM0.28%$733,9579.1K
29UNHUNITEDHEALTH GROUP INCCOM0.27%$707,0211.5K
30ORCLORACLE CORPCOM0.27%$705,3705.9K
31FASTFASTENAL COCOM0.26%$698,97311.8K
32PEPPEPSICO INCCOM0.26%$697,1683.8K
33EXMOCEXXON MOBIL CORPCOM0.25%$665,4866.2K
34MDTMEDTRONIC PLCSHS0.25%$663,5697.5K
35TSLATESLA INCCOM0.23%$617,7772.4K
36HDHOME DEPOT INCCOM0.23%$603,3771.9K
37COSTCOSTCO WHSL CORP NEWCOM0.22%$591,6801.1K
38BNDXVANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.22%$581,37911.9K
39METAMETA PLATFORMS INCCL A0.21%$561,9072.0K
40SBUXSTARBUCKS CORPCOM0.21%$556,8355.6K
41HONHONEYWELL INTL INCCOM0.21%$553,7672.7K
42ACNACCENTURE PLC IRELANDSHS CLASS A0.19%$493,4191.6K
43MARMARRIOTT INTL INC NEWCL A0.18%$489,9012.7K
44LMTLOCKHEED MARTIN CORPCOM0.18%$467,7461.0K
45AXPAMERICAN EXPRESS COCOM0.17%$451,1782.6K
46CTASCINTAS CORPCOM0.17%$447,372900
47IBMINTERNATIONAL BUSINESS MACHSCOM0.16%$433,3283.2K
48ECLECOLAB INCCOM0.16%$425,6532.3K
49NVONOVO-NORDISK A SADR0.16%$424,3182.6K
50CSCOCISCO SYS INCCOM0.15%$410,4027.9K
51APOGAPOGEE ENTERPRISES INCCOM0.15%$409,0498.6K
52CVSCVS HEALTH CORPCOM0.15%$407,4585.9K
53AMGNAMGEN INCCOM0.15%$401,4121.8K
54XELXCEL ENERGY INCCOM0.15%$400,6966.4K
55MCDMCDONALDS CORPCOM0.15%$390,6191.3K
56WMTWALMART INCCOM0.14%$382,7512.4K
57TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.14%$380,4683.8K
58ABBVABBVIE INCCOM0.14%$377,2662.8K
59PFEPFIZER INCCOM0.14%$373,25610.2K
60CMGCHIPOTLE MEXICAN GRILL INCCOM0.14%$367,908172
61MRKMERCK & CO INCCOM0.14%$359,7863.1K
62VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.13%$349,1677.6K
63ABTABBOTT LABSCOM0.12%$315,8312.9K
64WMWASTE MGMT INC DELCOM0.12%$309,7171.8K
65JANUS HENDERSON GROUP PLCORD SHS0.12%$307,92511.3K
66ADBEADOBE SYSTEMS INCORPORATEDCOM0.11%$304,152622
67OGEOGE ENERGY CORPCOM0.11%$283,2947.9K
68HLTHILTON WORLDWIDE HLDGS INCCOM0.11%$281,2031.9K
69VTIPVANGUARD MALVERN FDSSTRM INFPROIDX0.10%$277,5495.9K
70LLYLILLY ELI & COCOM0.10%$274,353585
71NFLXNETFLIX INCCOM0.10%$265,615603
72UNPUNION PAC CORPCOM0.10%$264,9831.3K
73VZVERIZON COMMUNICATIONS INCCOM0.10%$260,8207.0K
74FVDFIRST TR VALUE LINE DIVID INSHS0.09%$248,9196.2K
75LINLINDE PLCSHS0.09%$245,797645
76NXPINXP SEMICONDUCTORS N VCOM0.09%$235,1771.1K
77TJXTJX COS INC NEWCOM0.09%$229,6112.7K
78PMPHILIP MORRIS INTL INCCOM0.09%$229,1142.3K
79VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD · VNG RUS1000GRW0.08%$216,0723.0K
80DCIDONALDSON INCCOM0.08%$212,7223.4K
81VGTVANGUARD WORLD FDSINF TECH ETF · FINANCIALS ETF · CONSUM STP ETF0.08%$210,258817
82CMICUMMINS INCCOM0.08%$210,102857
83GENERAL ELECTRIC COCOM NEW0.08%$209,5941.9K
84BACBANK AMERICA CORPCOM0.08%$207,4867.2K
85LOWLOWES COS INCCOM0.08%$200,873890
86FFORD MTR CO DELCOM0.08%$200,18813.2K
87TAT&T INCCOM0.07%$187,34911.7K
88BWBBRIDGEWATER BANCSHARES INCCOM0.05%$143,81014.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$344M401Jun 23, 2026RESTATEMENTchanges · 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$106M155Jul 29, 2020RESTATEMENTchanges · 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 ↗.