SEC 13F Intelligence

Managers / Q2 2025 · view latest →

BALLAST ADVISORS LLC

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

Reported Value
$339M
Q2 2025
Positions
168
Filings on Record
28
2019–present window
Filed
Jul 31, 2025
original filing

Summary

Ballast Advisors LLC reported $339M in U.S.-listed holdings across 168 positions for Q2 2025.

The portfolio is heavily concentrated: Schwab Strategic Tr alone accounts for 45.7% of reported value.

Compared with Q1 2025, the fund opened 9 new positions and exited 5.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+77.2%
share of reported value
Largest Position
+45.7%
Schwab Strategic Tr
New / Exited
9 / 5
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: 57.4%Common Stock: 36.2%MLP: 2.8%ADR: 2.2%Other: 1.4%REIT: 0.1%
  • ETP · 57.4% · $195M
  • Common Stock · 36.2% · $123M
  • MLP · 2.8% · $10M
  • ADR · 2.2% · $7M
  • Other · 1.4% · $5M
  • REIT · 0.1% · $203,338

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
4I1PHILIP MORRIS INTL INCNEW+1.3K1.3K+$228,937$228,937
GEVGE VERNOVA INCNEW+405405+$214,306$214,306
LRCXLAM RESEARCH CORPNEW+2.1K2.1K+$206,458$206,458
RTXRTX CORPORATIONNEW+1.4K1.4K+$206,180$206,180
SPDR SERIES TRUSTNEW+1.7K1.7K+$48,736$48,736
VANGUARD INDEX FDSNEW+122122+$34,139$34,139
ISHARES TRNEW+3333+$3,056$3,056
ISHARES TRNEW+7474+$2,270$2,270

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

Holdings — Q2 2025

88 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 REIT ETF · US AGGREGATE B · US MID-CAP ETF · US TIPS ETF · US DIVIDEND EQ · INT-TRM U.S TRES45.73%$155M6.09M
2ISHARES 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 · CORE S&P US GWT · INTL SEL DIV ETF · CORE S&P SCP ETF · RUS MID CAP ETF · RUS MD CP GR ETF · 7-10 YR TRSY BD · S&P 500 GRWT ETF · EAFE GRWTH ETF · S&P 500 VAL ETF · SELECT DIVID 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 · TIPS BD ETF · CALIF MUN BD ETF · ESG MSCI KLD 400 · S&P MC 400GR ETF · SP SMCP600VL ETF · MSCI EMG MKT ETF · JPMORGAN USD EMG · CORE 80/20 AGGRE · PFD AND INCM SEC8.51%$29M257.6K
3AAPLAPPLE INChistory →COM5.58%$19M92.2K
4MSFTMICROSOFT CORPhistory →COM3.97%$13M27.1K
5JPMJPMORGAN CHASE & CO.history →COM3.87%$13M45.3K
6EPDENTERPRISE PRODS PARTNERS Lhistory →COM2.84%$10M310.9K
7UBERUBER TECHNOLOGIES INChistory →COM2.03%$7M73.9K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.64%$6M11.5K
9NVDANVIDIA CORPORATIONhistory →COM1.61%$5M34.6K
10TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.46%$5M21.8K
11AMZNAMAZON COM INChistory →COM1.38%$5M21.3K
12GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.06%$4M20.3K
13VVISA INCCOM CL A0.89%$3M8.5K
14METAMETA PLATFORMS INCCL A0.87%$3M4.0K
15BXBLACKSTONE INCCOM0.84%$3M19.1K
16SLBSCHLUMBERGER LTDCOM STK0.77%$3M77.1K
17COSTCOSTCO WHSL CORP NEWCOM0.68%$2M2.3K
18VANGUARD WHITEHALL FDSEM MK GOV BD ETF · HIGH DIV YLD0.64%$2M32.4K
19NXP SEMICONDUCTORS N VCOM0.57%$2M8.8K
20XLUSELECT SECTOR SPDR TRRL EST SEL SEC · TECHNOLOGY · SBI INT-UTILS · SBI HEALTHCARE · FINANCIAL · ENERGY0.56%$2M40.7K
21ECLECOLAB INCCOM0.54%$2M6.7K
22SPDR SERIES TRUSTBLOOMBERG SHT TE · PRTFLO S&P500 GW · S&P 600 SMCP VAL · S&P DIVID ETF · PORTFOLIO S&P600 · S&P 600 SMCP GRW · PORTFOLIO S&P500 · S&P 400 MDCP GRW · PRTFLO S&P500 VL · PORTFLI INTRMDIT · PORTFOLIO LN TSR · S&P 400 MDCP VAL · NUVEEN ICE MUNIC · BLOOMBERG HIGH Y · PORTFOLIO SHORT · PRTFLO S&P500 HI0.53%$2M37.7K
23ACCENTURE PLC IRELANDSHS CLASS A0.51%$2M5.8K
24TSLATESLA INCCOM0.48%$2M5.1K
25SYKSTRYKER CORPORATIONCOM0.45%$2M3.8K
26NVONOVO-NORDISK A SADR0.45%$2M21.9K
27CMGCHIPOTLE MEXICAN GRILL INCCOM0.44%$2M26.8K
28DUTMOODYS CORPCOM0.44%$1M3.0K
29SPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK · MSCI ACWI CLMTE0.44%$1M36.4K
30VUGVANGUARD INDEX FDSGROWTH ETF · REAL ESTATE ETF · VALUE ETF · LARGE CAP ETF · TOTAL STK MKT · MID CAP ETF · S&P 500 ETF SHS · SMALL CP ETF0.39%$1M5.6K
31ADPAUTOMATIC DATA PROCESSING INCOM0.38%$1M4.1K
32NTICNORTHERN TECHNOLOGIES INTL CCOM0.37%$1M171.0K
33KOCOCA COLA COCOM0.36%$1M17.2K
34ITWILLINOIS TOOL WKS INCCOM0.35%$1M4.8K
35SPDR S&P 500 ETF TRTR UNIT0.33%$1M1.8K
36ROPROPER TECHNOLOGIES INCCOM0.33%$1M2.0K
37ORCLORACLE CORPCOM0.33%$1M5.1K
38PEPPEPSICO INCCOM0.33%$1M8.4K
39MMM3M COCOM0.31%$1M6.9K
40DHRDANAHER CORPORATIONCOM0.29%$977,0334.9K
41TMOTHERMO FISHER SCIENTIFIC INCCOM0.27%$907,0142.2K
42MITSUBISHI UFJ FINL GROUP INSPONSORED ADS0.25%$865,30763.1K
43NFLXNETFLIX INCCOM0.24%$828,921619
44ADBEADOBE INCCOM0.24%$824,0542.1K
45HDHOME DEPOT INCCOM0.24%$805,3762.2K
46VANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.23%$792,55616.0K
47MEDTRONIC PLCSHS0.23%$779,2138.9K
48JNJJOHNSON & JOHNSONCOM0.23%$775,5275.1K
49FASTFASTENAL COCOM0.21%$703,75216.8K
50EXMOCEXXON MOBIL CORPCOM0.20%$692,5076.4K
51CHVCHEVRON CORP NEWCOM0.20%$691,2074.8K
52WMTWALMART INCCOM0.19%$649,0776.6K
53AXPAMERICAN EXPRESS COCOM0.19%$640,1932.0K
54MARMARRIOTT INTL INC NEWCL A0.18%$594,7782.2K
55IBMINTERNATIONAL BUSINESS MACHSCOM0.17%$584,9562.0K
56GE AEROSPACECOM NEW0.17%$567,5452.2K
57CPCANADIAN PACIFIC KANSAS CITYCOM0.17%$566,7017.1K
58PGPROCTER AND GAMBLE COCOM0.17%$560,6473.5K
59CITCINTAS CORPCOM0.15%$514,1612.3K
60HONGBPHONEYWELL INTL INCCOM0.15%$508,3772.2K
61ABBVABBVIE INCCOM0.13%$450,5802.4K
62HLTHILTON WORLDWIDE HLDGS INCCOM0.13%$440,5261.7K
63LMTLOCKHEED MARTIN CORPCOM0.12%$400,153864
64AMGNAMGEN INCCOM0.11%$382,5181.4K
65LLYELI LILLY & COCOM0.10%$352,348452
66SBUXSTARBUCKS CORPCOM0.10%$351,9693.8K
67OGEOGE ENERGY CORPCOM0.10%$350,1147.9K
68WMWASTE MGMT INC DELCOM0.10%$344,0911.5K
69UNHUNITEDHEALTH GROUP INCCOM0.09%$317,8971.0K
70CSCOCISCO SYS INCCOM0.09%$313,8754.5K
71TJXTJX COS INC NEWCOM0.09%$305,2672.5K
72CVSCVS HEALTH CORPCOM0.08%$278,8174.0K
73XELXCEL ENERGY INCCOM0.08%$275,9394.1K
74CATCATERPILLAR INCCOM0.08%$272,135701
75SHOPSHOPIFY INCCL A SUB VTG SHS0.08%$269,2272.3K
76MCDMCDONALDS CORPCOM0.08%$264,998907
77ABTABBOTT LABSCOM0.08%$261,4111.9K
78BACBANK AMERICA CORPCOM0.08%$259,7395.5K
79DCIDONALDSON INCCOM0.08%$259,0923.7K
80LINDE PLCSHS0.07%$243,974520
81BWBBRIDGEWATER BANCSHARES INCCOM0.07%$232,28614.6K
824I1PHILIP MORRIS INTL INCCOM0.07%$228,9371.3K
83CMICUMMINS INCCOM0.06%$215,823659
84GEVGE VERNOVA INCCOM0.06%$214,306405
85LRCXLAM RESEARCH CORPCOM NEW0.06%$206,4582.1K
86RTXRTX CORPORATIONCOM0.06%$206,1801.4K
87UNPUNION PAC CORPCOM0.06%$205,461893
88AMTAMERICAN TOWER CORP NEWCOM0.06%$203,338920

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 ↗.