SEC 13F Intelligence

Managers / Q3 2023 · view latest →

BALLAST ADVISORS LLC

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

Reported Value
$251M
Q3 2023
Positions
178
Filings on Record
28
2019–present window
Filed
Oct 19, 2023
original filing

Summary

Ballast Advisors LLC reported $251M in U.S.-listed holdings across 178 positions for Q3 2023.

The portfolio is heavily concentrated: Schwab Strategic Tr alone accounts for 44.5% of reported value.

Compared with Q2 2023, the fund opened 13 new positions and exited 15.

Portfolio Metrics

Turnover
+4.2%
vs prior filed quarter
Top-10 Concentration
+79.1%
share of reported value
Largest Position
+44.5%
Schwab Strategic Tr
New / Exited
13 / 15
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: 58.5%Common Stock: 36.0%MLP: 3.3%ADR: 1.1%Other: 1.1%
  • ETP · 58.5% · $147M
  • Common Stock · 36.0% · $90M
  • MLP · 3.3% · $8M
  • ADR · 1.1% · $3M
  • Other · 1.1% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SYKSTRYKER CORPORATIONNEW+1.9K1.9K+$505,823$505,823
ADPAUTOMATIC DATA PROCESSING INNEW+2.1K2.1K+$505,459$505,459
TMOTHERMO FISHER SCIENTIFIC INCNEW+973973+$492,503$492,503
DHRDANAHER CORPORATIONNEW+2.0K2.0K+$484,787$484,787
ROPROPER TECHNOLOGIES INCNEW+957957+$463,456$463,456
ITWILLINOIS TOOL WKS INCNEW+1.9K1.9K+$441,274$441,274
DUTMOODYS CORPNEW+1.3K1.3K+$423,668$423,668
ISHARES TRNEW+1.6K1.6K+$78,959$78,959

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

Holdings — Q3 2023

86 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHWAB STRATEGIC TRUS LRG CAP ETF · US LCAP VA ETF · INTL EQTY ETF · US LCAP GR ETF · SHT TM US TRES · EMRG MKTEQ ETF · US BRD MKT ETF · US SML CAP ETF · US AGGREGATE B · US REIT ETF · US MID-CAP ETF · US TIPS ETF · US DIVIDEND EQ44.45%$111M2.40M
2TLHISHARES TRCORE US AGGBD ET · RUSSELL 2000 ETF · CORE S&P500 ETF · RUS 1000 GRW ETF · 20 YR TR BD ETF · 1 3 YR TREAS BD · CORE S&P SCP ETF · NATIONAL MUN ETF · RUS TP200 GR ETF · SHRT NAT MUN ETF · CORE MSCI EAFE · TIPS BD ETF · RUS TP200 VL ETF · 7-10 YR TRSY BD · S&P 500 VAL ETF · INTL SEL DIV ETF · MSCI EAFE ETF · RUS MID CAP ETF · CORE S&P US GWT · RUS MD CP GR ETF · CORE S&P MCP ETF · ISHS 5-10YR INVT · S&P 500 GRWT ETF · EAFE GRWTH ETF · SELECT DIVID ETF · RUSSELL 3000 ETF · RUS 2000 VAL ETF · ISHS 1-5YR INVS · MSCI USA QLT FCT · EAFE VALUE ETF · U.S. MED DVC ETF · US BR DEL SE ETF · IBOXX INV CP ETF · 10-20 YR TRS ETF · S&P MC 400VL ETF · S&P SML 600 GWT · MSCI KLD400 SOC · RUS 1000 VAL ETF · S&P MC 400GR ETF · MRGSTR MD CP GRW · PFD AND INCM SEC · SP SMCP600VL ETF · MSCI EMG MKT ETF · EAFE SML CP ETF · AGGRES ALLOC ETF10.29%$26M254.2K
3AAPLAPPLE INChistory →COM8.76%$22M128.3K
4MSFTMICROSOFT CORPhistory →COM3.49%$9M27.7K
5EPDENTERPRISE PRODS PARTNERS Lhistory →COM3.32%$8M304.0K
6JPMJPMORGAN CHASE & COhistory →COM2.98%$7M51.5K
7UBERUBER TECHNOLOGIES INChistory →COM1.77%$4M96.7K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.56%$4M11.1K
9GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.30%$3M24.8K
10BXBLACKSTONE INChistory →COM1.16%$3M27.2K
11NTICNORTHERN TECHNOLOGIES INTL Chistory →COM1.02%$3M191.0K
12AMZNAMAZON COM INCCOM0.98%$2M19.3K
13SPDR SER TRPRTFLO S&P500 GW · BLOOMBERG SHT TE · PORTFOLIO S&P600 · S&P 600 SMCP VAL · PRTFLO S&P500 VL · PORTFOLIO S&P500 · S&P DIVID ETF · S&P 600 SMCP GRW · PRTFLO S&P500 HI · PORTFOLIO LN TSR · S&P 400 MDCP GRW · NUVEEN BLMBRG MU · NUVEEN BLMBRG SH · S&P 400 MDCP VAL · BLOOMBERG HIGH Y · NUVEEN BLOOMBERG · S&P BIOTECH · PORTFOLIO SH TSR0.87%$2M51.4K
14VVISA INCCOM CL A0.70%$2M7.7K
15SPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK · MSCI ACWI CLMTE · ASIA PACIF ETF · S&P CHINA ETF · DJ GLB RL ES ETF0.65%$2M51.7K
16VANGUARD WHITEHALL FDSEM MK GOV BD ETF · HIGH DIV YLD0.62%$2M25.7K
17NVDANVIDIA CORPORATIONCOM0.56%$1M3.2K
18JNJJOHNSON & JOHNSONCOM0.56%$1M8.9K
19XLUSELECT SECTOR SPDR TRRL EST SEL SEC · TECHNOLOGY · SBI INT-UTILS · ENERGY · SBI HEALTHCARE · FINANCIAL0.48%$1M30.2K
20CHVCHEVRON CORP NEWCOM0.47%$1M7.0K
21NVONOVO-NORDISK A SADR0.45%$1M12.4K
22SPDR S&P 500 ETF TRTR UNIT0.44%$1M2.6K
23ACCENTURE PLC IRELANDSHS CLASS A0.44%$1M3.6K
24PEPPEPSICO INCCOM0.39%$982,4135.8K
25MMM3M COCOM0.39%$974,06610.4K
26KOCOCA COLA COCOM0.39%$973,28517.4K
27VUGVANGUARD INDEX FDSGROWTH ETF · LARGE CAP ETF · REAL ESTATE ETF · VALUE ETF · SMALL CP ETF · MID CAP ETF · TOTAL STK MKT0.39%$973,0055.9K
28COSTCOSTCO WHSL CORP NEWCOM0.38%$959,8671.7K
29TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.35%$872,99710.0K
30METAMETA PLATFORMS INCCL A0.35%$871,8102.9K
31TSLATESLA INCCOM0.35%$868,2633.5K
32CATCATERPILLAR INCCOM0.34%$862,1343.2K
33NXP SEMICONDUCTORS N VCOM0.34%$847,2614.2K
34BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.31%$776,9309.0K
35UNHUNITEDHEALTH GROUP INCCOM0.31%$773,9321.5K
36ECLECOLAB INCCOM0.30%$762,8084.5K
37EXMOCEXXON MOBIL CORPCOM0.29%$736,2866.3K
38CPCANADIAN PACIFIC KANSAS CITYCOM0.28%$695,0649.3K
39PGPROCTER AND GAMBLE COCOM0.27%$673,7274.6K
40FASTFASTENAL COCOM0.26%$647,42911.8K
41ORCLORACLE CORPCOM0.25%$624,3985.9K
42VANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.24%$612,94112.8K
43ADBEADOBE INCCOM0.24%$609,3311.2K
44CMGCHIPOTLE MEXICAN GRILL INCCOM0.24%$608,168332
45CMICUMMINS INCCOM0.24%$607,4752.7K
46HDHOME DEPOT INCCOM0.24%$589,4232.0K
47MARMARRIOTT INTL INC NEWCL A0.21%$527,3702.7K
48SYKSTRYKER CORPORATIONCOM0.20%$505,8231.9K
49ADPAUTOMATIC DATA PROCESSING INCOM0.20%$505,4592.1K
50SBUXSTARBUCKS CORPCOM0.20%$499,3615.5K
51TMOTHERMO FISHER SCIENTIFIC INCCOM0.20%$492,503973
52DHRDANAHER CORPORATIONCOM0.19%$484,7872.0K
53MEDTRONIC PLCSHS0.19%$479,3286.1K
54HONGBPHONEYWELL INTL INCCOM0.19%$478,8252.6K
55AMGNAMGEN INCCOM0.19%$472,2111.8K
56ROPROPER TECHNOLOGIES INCCOM0.18%$463,456957
57ITWILLINOIS TOOL WKS INCCOM0.18%$441,2741.9K
58IBMINTERNATIONAL BUSINESS MACHSCOM0.17%$426,2853.0K
59DUTMOODYS CORPCOM0.17%$423,6681.3K
60LMTLOCKHEED MARTIN CORPCOM0.17%$414,6851.0K
61ABBVABBVIE INCCOM0.16%$405,0572.7K
62CSCOCISCO SYS INCCOM0.16%$397,7707.4K
63AXPAMERICAN EXPRESS COCOM0.15%$381,1802.6K
64CVSCVS HEALTH CORPCOM0.15%$368,0215.3K
65WMTWALMART INCCOM0.14%$359,5202.2K
66CITCINTAS CORPCOM0.13%$335,745698
67XELXCEL ENERGY INCCOM0.13%$335,2525.9K
68MCDMCDONALDS CORPCOM0.13%$322,9771.2K
69MRKMERCK & CO INCCOM0.13%$320,0723.1K
70LLYELI LILLY & COCOM0.13%$314,221585
71APOGAPOGEE ENTERPRISES INCCOM0.12%$309,1276.6K
72PFEPFIZER INCCOM0.11%$276,6388.3K
73WMWASTE MGMT INC DELCOM0.11%$275,8331.8K
74HLTHILTON WORLDWIDE HLDGS INCCOM0.11%$275,1301.8K
75ABTABBOTT LABSCOM0.11%$272,4392.8K
76UNPUNION PAC CORPCOM0.11%$270,0131.3K
77OGEOGE ENERGY CORPCOM0.10%$262,9407.9K
78NFLXNETFLIX INCCOM0.09%$232,979617
79LINDE PLCSHS0.09%$223,410600
80TJXTJX COS INC NEWCOM0.09%$214,6452.4K
814I1PHILIP MORRIS INTL INCCOM0.09%$213,3042.3K
82GENERAL ELECTRIC COCOM NEW0.08%$210,3771.9K
83VANGUARD SCOTTSDALE FDSSHRT TRM CORP BD · VNG RUS1000GRW0.08%$205,4742.9K
84DCIDONALDSON INCCOM0.08%$202,9553.4K
85FFORD MTR CO DELCOM0.06%$151,26412.2K
86BWBBRIDGEWATER BANCSHARES INCCOM0.06%$138,40814.6K

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 ↗.