SEC 13F Intelligence

Managers / Q4 2023 · view latest →

BALLAST ADVISORS LLC

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

Reported Value
$268M
Q4 2023
Positions
169
Filings on Record
28
2019–present window
Filed
Jan 30, 2024
original filing

Summary

Ballast Advisors LLC reported $268M in U.S.-listed holdings across 169 positions for Q4 2023.

The portfolio is heavily concentrated: SCHX alone accounts for 44.2% of reported value.

Compared with Q3 2023, the fund opened 6 new positions and exited 15.

Portfolio Metrics

Turnover
+2.5%
vs prior filed quarter
Top-10 Concentration
+78.1%
share of reported value
Largest Position
+44.2%
Schwab Strategic Tr
New / Exited
6 / 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: 57.0%Common Stock: 38.6%MLP: 2.9%ADR: 1.4%REIT: 0.1%
  • ETP · 57.0% · $153M
  • Common Stock · 38.6% · $103M
  • MLP · 2.9% · $8M
  • ADR · 1.4% · $4M
  • REIT · 0.1% · $219,766

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INTCINTEL CORPNEW+4.7K4.7K+$233,864$233,864
AMTAMERICAN TOWER CORP NEWNEW+1.0K1.0K+$219,766$219,766
BACBANK AMERICA CORPNEW+6.2K6.2K+$207,306$207,306
IWBISHARES TRNEW+6262+$16,260$16,260
SPIBSPDR SER TRNEW+180180+$5,907$5,907
SCHWAB STRATEGIC TRNEW+2424+$651$651
OGEOGE ENERGY CORPSOLD OUT−7.9K0−$262,940$0
PMPHILIP MORRIS INTL INCSOLD OUT−2.3K0−$213,304$0

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

Holdings — Q4 2023

86 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHXSCHWAB STRATEGIC TRUS LRG CAP ETF · US LCAP VA ETF · INTL EQTY ETF · US LCAP GR ETF · EMRG MKTEQ ETF · SHT TM US TRES · US BRD MKT ETF · US SML CAP ETF · US AGGREGATE B · US REIT ETF · US MID-CAP ETF · US TIPS ETF · US DIVIDEND EQ · SCHWB FDT EMK LG44.24%$118M2.33M
2AGGISHARES 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 · RUS TP200 GR ETF · CORE S&P SCP ETF · NATIONAL MUN ETF · CORE MSCI EAFE · SHRT NAT MUN ETF · RUS TP200 VL ETF · TIPS BD ETF · 7-10 YR TRSY BD · RUS MID CAP ETF · INTL SEL DIV ETF · MSCI EAFE ETF · CORE S&P US GWT · RUS MD CP GR ETF · CORE S&P MCP ETF · S&P 500 VAL ETF · S&P 500 GRWT ETF · EAFE GRWTH ETF · RUSSELL 3000 ETF · SELECT DIVID ETF · RUS 2000 VAL ETF · EAFE VALUE ETF · U.S. MED DVC ETF · RUS 1000 ETF · IBOXX INV CP ETF · S&P SML 600 GWT · MSCI KLD400 SOC · S&P MC 400GR ETF · PFD AND INCM SEC · SP SMCP600VL ETF · MSCI EMG MKT ETF · AGGRES ALLOC ETF9.36%$25M230.4K
3AAPLAPPLE INChistory →COM8.39%$22M116.7K
4MSFTMICROSOFT CORPhistory →COM3.82%$10M27.2K
5JPMJPMORGAN CHASE & COhistory →COM3.27%$9M51.5K
6EPDENTERPRISE PRODS PARTNERS Lhistory →COM2.94%$8M299.0K
7UBERUBER TECHNOLOGIES INChistory →COM2.06%$6M89.5K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.47%$4M11.0K
9GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.34%$4M25.6K
10AMZNAMAZON COM INChistory →COM1.16%$3M20.5K
11BXBLACKSTONE INChistory →COM1.11%$3M22.7K
12NTICNORTHERN TECHNOLOGIES INTL CCOM0.84%$2M191.0K
13VVISA INCCOM CL A0.76%$2M7.9K
14SPYGSPDR SER TRPRTFLO S&P500 GW · BLOOMBERG SHT TE · S&P 600 SMCP VAL · S&P DIVID ETF · PORTFOLIO S&P600 · PRTFLO S&P500 VL · S&P 600 SMCP GRW · S&P 400 MDCP GRW · PORTFOLIO LN TSR · PORTFOLIO S&P500 · NUVEEN BLMBRG MU · S&P 400 MDCP VAL · BLOOMBERG HIGH Y · NUVEEN BLOOMBERG · S&P BIOTECH · PORTFOLIO INTRMD · PRTFLO S&P500 HI0.72%$2M39.1K
15NVDANVIDIA CORPORATIONCOM0.68%$2M3.7K
16VWOBVANGUARD WHITEHALL FDSEM MK GOV BD ETF · HIGH DIV YLD0.62%$2M25.5K
17NVONOVO-NORDISK A SADR0.61%$2M15.9K
18ACNACCENTURE PLC IRELANDSHS CLASS A0.61%$2M4.6K
19SPDWSPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK · MSCI ACWI CLMTE · ASIA PACIF ETF · S&P CHINA ETF · DJ GLB RL ES ETF0.57%$2M44.1K
20NXPINXP SEMICONDUCTORS N VCOM0.55%$1M6.4K
21TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.54%$1M13.9K
22XLRESELECT SECTOR SPDR TRRL EST SEL SEC · TECHNOLOGY · SBI INT-UTILS · SBI HEALTHCARE · ENERGY · FINANCIAL0.51%$1M29.7K
23COSTCOSTCO WHSL CORP NEWCOM0.49%$1M2.0K
24JNJJOHNSON & JOHNSONCOM0.49%$1M8.3K
25METAMETA PLATFORMS INCCL A0.47%$1M3.5K
26SPYSPDR S&P 500 ETF TRTR UNIT0.42%$1M2.4K
27PEPPEPSICO INCCOM0.42%$1M6.7K
28TSLATESLA INCCOM0.42%$1M4.5K
29MMM3M COCOM0.40%$1M9.8K
30VUGVANGUARD INDEX FDSGROWTH ETF · LARGE CAP ETF · REAL ESTATE ETF · VALUE ETF · SMALL CP ETF · MID CAP ETF · TOTAL STK MKT0.39%$1M5.6K
31CMGCHIPOTLE MEXICAN GRILL INCCOM0.36%$953,662417
32CVXCHEVRON CORP NEWCOM0.36%$951,8446.4K
33ADBEADOBE INCCOM0.34%$918,1671.5K
34CATCATERPILLAR INCCOM0.34%$904,4553.1K
35TMOTHERMO FISHER SCIENTIFIC INCCOM0.30%$812,6391.5K
36MCOMOODYS CORPCOM0.30%$807,2882.1K
37ITWILLINOIS TOOL WKS INCCOM0.30%$802,3223.1K
38SYKSTRYKER CORPORATIONCOM0.30%$800,4572.7K
39CPCANADIAN PACIFIC KANSAS CITYCOM0.29%$786,5689.9K
40ROPROPER TECHNOLOGIES INCCOM0.29%$769,7801.4K
41FASTFASTENAL COCOM0.29%$767,46011.8K
42UNHUNITEDHEALTH GROUP INCCOM0.28%$762,8551.4K
43KOCOCA COLA COCOM0.28%$761,33912.9K
44DHRDANAHER CORPORATIONCOM0.28%$744,4523.2K
45ADPAUTOMATIC DATA PROCESSING INCOM0.28%$743,4073.2K
46ECLECOLAB INCCOM0.28%$739,2503.7K
47HDHOME DEPOT INCCOM0.24%$640,7721.8K
48ORCLORACLE CORPCOM0.23%$612,3375.8K
49MARMARRIOTT INTL INC NEWCL A0.23%$606,1712.7K
50BNDXVANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.21%$564,48911.4K
51PGPROCTER AND GAMBLE COCOM0.20%$543,2243.7K
52BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.20%$542,7257.0K
53SBUXSTARBUCKS CORPCOM0.20%$539,7055.6K
54HONHONEYWELL INTL INCCOM0.19%$518,7992.5K
55AMGNAMGEN INCCOM0.18%$475,2331.6K
56AXPAMERICAN EXPRESS COCOM0.18%$470,2232.5K
57CMICUMMINS INCCOM0.17%$462,1311.9K
58LMTLOCKHEED MARTIN CORPCOM0.17%$457,3191.0K
59MDTMEDTRONIC PLCSHS0.17%$451,6075.5K
60ABBVABBVIE INCCOM0.16%$421,3332.7K
61CTASCINTAS CORPCOM0.15%$396,550658
62IBMINTERNATIONAL BUSINESS MACHSCOM0.14%$384,9972.4K
63EXMOCEXXON MOBIL CORPCOM0.14%$367,3273.7K
64CVSCVS HEALTH CORPCOM0.13%$356,5834.5K
65APOGAPOGEE ENTERPRISES INCCOM0.13%$350,6906.6K
66WMTWALMART INCCOM0.13%$345,2512.2K
67CSCOCISCO SYS INCCOM0.13%$341,7176.8K
68MCDMCDONALDS CORPCOM0.12%$331,7951.1K
69HLTHILTON WORLDWIDE HLDGS INCCOM0.12%$322,2991.8K
70MRKMERCK & CO INCCOM0.12%$322,1543.0K
71WMWASTE MGMT INC DELCOM0.12%$320,0371.8K
72NFLXNETFLIX INCCOM0.11%$293,102602
73ABTABBOTT LABSCOM0.10%$267,6902.4K
74LLYELI LILLY & COCOM0.10%$263,480452
75XELXCEL ENERGY INCCOM0.10%$255,6884.1K
76GENERAL ELECTRIC COCOM NEW0.10%$254,4942.0K
77LINLINDE PLCSHS0.09%$246,426600
78INTCINTEL CORPCOM0.09%$233,8644.7K
79TJXTJX COS INC NEWCOM0.08%$226,5512.4K
80UNPUNION PAC CORPCOM0.08%$225,970920
81AMTAMERICAN TOWER CORP NEWCOM0.08%$219,7661.0K
82DCIDONALDSON INCCOM0.08%$215,9163.3K
83BACBANK AMERICA CORPCOM0.08%$207,3066.2K
84PFEPFIZER INCCOM0.08%$202,2217.0K
85BWBBRIDGEWATER BANCSHARES INCCOM0.07%$197,39214.6K
86FFORD MTR CO DELCOM0.06%$148,64212.2K

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 ↗.