SEC 13F Intelligence

Managers / Q1 2025 · view latest →

BALLAST ADVISORS LLC

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

Reported Value
$314M
Q1 2025
Positions
164
Filings on Record
28
2019–present window
Filed
May 7, 2025
original filing

Summary

Ballast Advisors LLC reported $314M in U.S.-listed holdings across 164 positions for Q1 2025.

The portfolio is heavily concentrated: SCHV alone accounts for 45.8% of reported value.

Compared with Q4 2024, the fund opened 4 new positions and exited 1.

Portfolio Metrics

Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+77.3%
share of reported value
Largest Position
+45.8%
Schwab Strategic Tr
New / Exited
4 / 1
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: 57.7%Common Stock: 37.3%MLP: 3.3%ADR: 1.6%REIT: 0.1%
  • ETP · 57.7% · $181M
  • Common Stock · 37.3% · $117M
  • MLP · 3.3% · $10M
  • ADR · 1.6% · $5M
  • REIT · 0.1% · $213,901

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SLBSCHLUMBERGER LTDNEW+62.8K62.8K+$3M$3M
CVSCVS HEALTH CORPNEW+4.0K4.0K+$273,846$273,846
AMTAMERICAN TOWER CORP NEWNEW+983983+$213,901$213,901
VOOVANGUARD INDEX FDSNEW+4040+$20,556$20,556
SPYDSPDR SER TRADDED+2537+$1,123$1,621
ISHARES TRADDED+2.3K3.5K+$55,429$85,259
ISHARES TRADDED+231365+$25,355$39,672
PFFISHARES TRSOLD OUT−1000−$3,144$0

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

Holdings — Q1 2025

87 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 · EMRG MKTEQ ETF · US BRD MKT ETF · US SML CAP ETF · US REIT ETF · US AGGREGATE B · US MID-CAP ETF · US TIPS ETF · US DIVIDEND EQ · INT-TRM U.S TRES45.77%$144M6.14M
2AGGISHARES TRCORE US AGGBD ET · RUSSELL 2000 ETF · RUS 1000 GRW ETF · CORE S&P500 ETF · RUS TP200 GR ETF · NATIONAL MUN ETF · CORE MSCI EAFE · SHRT NAT MUN ETF · RUS TP200 VL ETF · 1 3 YR TREAS BD · 20 YR TR BD ETF · ESG AWR US AGRGT · CORE S&P SCP ETF · CORE S&P US GWT · INTL SEL DIV ETF · RUS MID CAP ETF · RUS MD CP GR ETF · S&P 500 VAL ETF · IBONDS 27 ETF · S&P 500 GRWT ETF · 7-10 YR TRSY BD · EAFE GRWTH ETF · SELECT DIVID ETF · TIPS BD ETF · CORE S&P MCP ETF · RUS 2000 VAL ETF · EAFE VALUE ETF · RUSSELL 3000 ETF · MSCI EAFE ETF · IBOXX INV CP ETF · U.S. MED DVC ETF · CALIF MUN BD ETF · ESG MSCI KLD 400 · S&P MC 400GR ETF · SP SMCP600VL ETF · MSCI EMG MKT ETF · CORE 80/20 AGGRE8.79%$28M257.9K
3AAPLAPPLE INChistory →COM6.57%$21M92.8K
4JPMJPMORGAN CHASE & CO.history →COM3.59%$11M45.9K
5EPDENTERPRISE PRODS PARTNERS Lhistory →COM3.26%$10M299.9K
6MSFTMICROSOFT CORPhistory →COM3.24%$10M27.1K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.92%$6M11.3K
8UBERUBER TECHNOLOGIES INChistory →COM1.71%$5M73.7K
9AMZNAMAZON COM INChistory →COM1.26%$4M20.7K
10NVDANVIDIA CORPORATIONhistory →COM1.19%$4M34.6K
11GOOGLALPHABET INCCAP STK CL A · CAP STK CL C0.97%$3M19.6K
12VVISA INCCOM CL A0.93%$3M8.4K
13TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.91%$3M17.2K
14SLBSCHLUMBERGER LTDCOM STK0.84%$3M62.8K
15BXBLACKSTONE INCCOM0.80%$2M17.9K
16METAMETA PLATFORMS INCCL A0.72%$2M3.9K
17COSTCOSTCO WHSL CORP NEWCOM0.69%$2M2.3K
18VWOBVANGUARD WHITEHALL FDSEM MK GOV BD ETF · HIGH DIV YLD0.66%$2M31.8K
19XLRESELECT SECTOR SPDR TRRL EST SEL SEC · TECHNOLOGY · SBI INT-UTILS · ENERGY · SBI HEALTHCARE · FINANCIAL0.59%$2M39.2K
20NTICNORTHERN TECHNOLOGIES INTL CCOM0.57%$2M171.0K
21ACNACCENTURE PLC IRELANDSHS CLASS A0.56%$2M5.6K
22ECLECOLAB INCCOM0.54%$2M6.7K
23SJNKSPDR SER TRBLOOMBERG SHT TE · PRTFLO S&P500 GW · S&P 600 SMCP VAL · S&P DIVID ETF · PORTFOLIO S&P600 · S&P 600 SMCP GRW · S&P 400 MDCP GRW · PRTFLO S&P500 VL · PORTFOLIO S&P500 · PORTFOLIO LN TSR · S&P 400 MDCP VAL · NUVEEN BLMBRG MU · BLOOMBERG HIGH Y · PRTFLO S&P500 HI0.52%$2M34.9K
24NXPINXP SEMICONDUCTORS N VCOM0.51%$2M8.4K
25NVONOVO-NORDISK A SADR0.45%$1M20.4K
26SYKSTRYKER CORPORATIONCOM0.44%$1M3.7K
27SPDWSPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK · MSCI ACWI CLMTE0.43%$1M37.2K
28TSLATESLA INCCOM0.43%$1M5.2K
29MCOMOODYS CORPCOM0.43%$1M2.9K
30CMGCHIPOTLE MEXICAN GRILL INCCOM0.41%$1M25.4K
31ADPAUTOMATIC DATA PROCESSING INCOM0.39%$1M4.0K
32KOCOCA COLA COCOM0.39%$1M17.1K
33JNJJOHNSON & JOHNSONCOM0.39%$1M7.3K
34ROPROPER TECHNOLOGIES INCCOM0.36%$1M1.9K
35ITWILLINOIS TOOL WKS INCCOM0.36%$1M4.6K
36VUGVANGUARD INDEX FDSGROWTH ETF · REAL ESTATE ETF · VALUE ETF · LARGE CAP ETF · TOTAL STK MKT · S&P 500 ETF SHS · SMALL CP ETF0.36%$1M5.4K
37CVXCHEVRON CORP NEWCOM0.34%$1M6.4K
38SPYSPDR S&P 500 ETF TRTR UNIT0.33%$1M1.9K
39TMOTHERMO FISHER SCIENTIFIC INCCOM0.33%$1M2.1K
40PEPPEPSICO INCCOM0.33%$1M6.9K
41DHRDANAHER CORPORATIONCOM0.30%$953,6604.7K
42MMM3M COCOM0.30%$947,8146.5K
43MUFGMITSUBISHI UFJ FINL GROUP INSPONSORED ADS0.27%$859,63063.1K
44HDHOME DEPOT INCCOM0.26%$801,3822.2K
45EXMOCEXXON MOBIL CORPCOM0.25%$769,0016.5K
46BNDXVANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.24%$750,31515.4K
47ORCLORACLE CORPCOM0.23%$723,7965.2K
48ADBEADOBE INCCOM0.23%$722,9541.9K
49FASTFASTENAL COCOM0.21%$651,3428.4K
50UNHUNITEDHEALTH GROUP INCCOM0.19%$594,4561.1K
51IBMINTERNATIONAL BUSINESS MACHSCOM0.19%$583,9492.3K
52WMTWALMART INCCOM0.19%$582,6456.6K
53PGPROCTER AND GAMBLE COCOM0.18%$573,8043.4K
54MARMARRIOTT INTL INC NEWCL A0.18%$561,9142.4K
55NFLXNETFLIX INCCOM0.18%$559,518600
56CPCANADIAN PACIFIC KANSAS CITYCOM0.18%$559,0828.0K
57AXPAMERICAN EXPRESS COCOM0.17%$535,4102.0K
58ABBVABBVIE INCCOM0.16%$494,1432.4K
59CTASCINTAS CORPCOM0.15%$482,3792.3K
60MDTMEDTRONIC PLCSHS0.15%$462,8695.2K
61GE AEROSPACECOM NEW0.14%$454,5412.3K
62HONHONEYWELL INTL INCCOM0.14%$453,1452.1K
63AMGNAMGEN INCCOM0.14%$431,4971.4K
64LMTLOCKHEED MARTIN CORPCOM0.13%$406,506910
65SBUXSTARBUCKS CORPCOM0.12%$380,4723.9K
66LLYELI LILLY & COCOM0.12%$374,963454
67HLTHILTON WORLDWIDE HLDGS INCCOM0.12%$366,1281.6K
68OGEOGE ENERGY CORPCOM0.12%$362,5787.9K
69WMWASTE MGMT INC DELCOM0.11%$338,4121.5K
70CSCOCISCO SYS INCCOM0.09%$296,3314.8K
71TJXTJX COS INC NEWCOM0.09%$292,8072.4K
72LINLINDE PLCSHS0.09%$279,384600
73CVSCVS HEALTH CORPCOM0.09%$273,8464.0K
74MCDMCDONALDS CORPCOM0.08%$253,644812
75DCIDONALDSON INCCOM0.08%$250,5363.7K
76ABTABBOTT LABSCOM0.08%$242,3521.8K
77CMICUMMINS INCCOM0.07%$233,199744
78XELXCEL ENERGY INCCOM0.07%$232,6673.3K
79CATCATERPILLAR INCCOM0.07%$231,190701
80SHOPSHOPIFY INCCL A0.07%$220,3682.3K
81BACBANK AMERICA CORPCOM0.07%$219,9595.3K
82APOGAPOGEE ENTERPRISES INCCOM0.07%$216,2224.7K
83UNPUNION PAC CORPCOM0.07%$215,687913
84AMTAMERICAN TOWER CORP NEWCOM0.07%$213,901983
85AIZASSURANT INCCOM0.07%$212,0571.0K
86MRKMERCK & CO INCCOM0.07%$211,0262.4K
87BWBBRIDGEWATER BANCSHARES INCCOM0.06%$202,79414.6K

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 ↗.