SEC 13F Intelligence

Managers / Q4 2025 · view latest →

BALLAST ADVISORS LLC

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

Reported Value
$363M
Q4 2025
Positions
175
Filings on Record
28
2019–present window
Filed
Feb 3, 2026
original filing

Summary

Ballast Advisors LLC reported $363M in U.S.-listed holdings across 175 positions for Q4 2025.

The portfolio is heavily concentrated: SCHX alone accounts for 46.3% of reported value.

Compared with Q3 2025, the fund opened 6 new positions and exited 11.

Portfolio Metrics

Turnover
+2.4%
vs prior filed quarter
Top-10 Concentration
+77.8%
share of reported value
Largest Position
+46.3%
Schwab Strategic Tr
New / Exited
6 / 11
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: 57.9%Common Stock: 36.9%MLP: 2.7%ADR: 2.5%
  • ETP · 57.9% · $210M
  • Common Stock · 36.9% · $134M
  • MLP · 2.7% · $10M
  • ADR · 2.5% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QCOMQUALCOMM INCNEW+1.6K1.6K+$281,206$281,206
MUMICRON TECHNOLOGY INCNEW+790790+$225,474$225,474
XBISPDR SERIES TRUSTNEW+295295+$35,969$35,969
SCHWAB STRATEGIC TRNEW+663663+$23,908$23,908
VOEVANGUARD INDEX FDSNEW+4545+$7,982$7,982
VOTVANGUARD INDEX FDSNEW+2626+$7,258$7,258
SCHRSCHWAB STRATEGIC TRADDED+428474+$10,732$11,888
NFLXNETFLIX INCADDED+5.6K6.2K−$163,632$578,499

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

Holdings — Q4 2025

90 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHXSCHWAB 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 · FUNDAMENTAL EMER · INT-TRM U.S TRES46.31%$168M6.11M
2AGGISHARES TRCORE US AGGBD ET · RUSSELL 2000 ETF · RUS 1000 GRW ETF · CORE S&P500 ETF · RUS TP200 GR ETF · CORE MSCI EAFE · RUS TP200 VL ETF · SHRT NAT MUN ETF · NATIONAL MUN ETF · 1 3 YR TREAS BD · CORE S&P US GWT · INTL SEL DIV ETF · RUS MID CAP ETF · 20 YR TR BD ETF · IBONDS 27 ETF · RUS MD CP GR ETF · 7-10 YR TRSY BD · CORE S&P SCP ETF · S&P 500 GRWT ETF · CORE S&P TTL STK · S&P 500 VAL ETF · EAFE GRWTH ETF · SELECT DIVID ETF · CORE S&P MCP ETF · RUS 2000 VAL ETF · EAFE VALUE ETF · ESG AWR US AGRGT · MSCI EAFE ETF · RUSSELL 3000 ETF · IBOXX INV CP ETF · U.S. MED DVC ETF · TIPS BD ETF · IBDS DEC28 ETF · CALIF MUN BD ETF · ESG MSCI KLD 400 · S&P MC 400GR ETF · SP SMCP600VL ETF · MSCI EMG MKT ETF · US AER DEF ETF8.47%$31M274.1K
3AAPLAPPLE INChistory →COM6.26%$23M83.4K
4JPMJPMORGAN CHASE & CO.history →COM3.63%$13M40.8K
5MSFTMICROSOFT CORPhistory →COM3.40%$12M25.5K
6EPDENTERPRISE PRODS PARTNERS Lhistory →COM2.73%$10M309.0K
7TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.95%$7M23.3K
8NVDANVIDIA CORPORATIONhistory →COM1.70%$6M33.0K
9BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.67%$6M12.0K
10GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.64%$6M19.0K
11UBERUBER TECHNOLOGIES INChistory →COM1.45%$5M64.5K
12AMZNAMAZON COM INChistory →COM1.30%$5M20.4K
13SLBSLB LIMITEDCOM STK0.85%$3M80.7K
14VVISA INCCOM CL A0.82%$3M8.5K
15BXBLACKSTONE INCCOM0.82%$3M19.2K
16METAMETA PLATFORMS INCCL A0.71%$3M3.9K
17VWOBVANGUARD WHITEHALL FDSEM MK GOV BD ETF · HIGH DIV YLD0.65%$2M34.0K
18TSLATESLA INCCOM0.61%$2M4.9K
19COSTCOSTCO WHSL CORP NEWCOM0.56%$2M2.4K
20XLRESELECT SECTOR SPDR TRSTATE STREET REA · STATE STREET TEC · STATE STREET UTI · STATE STREET FIN · STATE STREET HEA · STATE STREET ENE · STATE STREET COM · STATE STREET CON0.55%$2M44.7K
21NXPINXP SEMICONDUCTORS N VCOM0.54%$2M9.0K
22ECLECOLAB INCCOM0.49%$2M6.8K
23SJNKSPDR SERIES TRUSTSTATE STREET SPD0.49%$2M33.9K
24SPDWSPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK · MSCI ACWI CLMTE0.46%$2M37.5K
25MCOMOODYS CORPCOM0.44%$2M3.1K
26VUGVANGUARD INDEX FDSGROWTH ETF · REAL ESTATE ETF · VALUE ETF · LARGE CAP ETF · TOTAL STK MKT · S&P 500 ETF SHS · SMALL CP ETF · MCAP VL IDXVIP · MCAP GR IDXVIP0.41%$1M6.0K
27SYKSTRYKER CORPORATIONCOM0.40%$1M4.1K
28ACNACCENTURE PLC IRELANDSHS CLASS A0.38%$1M5.2K
29TMOTHERMO FISHER SCIENTIFIC INCCOM0.38%$1M2.4K
30NTICNORTHERN TECHNOLOGIES INTL CCOM0.37%$1M171.0K
31PEPPEPSICO INCCOM0.36%$1M9.1K
32ITWILLINOIS TOOL WKS INCCOM0.35%$1M5.1K
33DHRDANAHER CORPORATIONCOM0.33%$1M5.3K
34KOCOCA COLA COCOM0.33%$1M17.1K
35SPYSPDR S&P 500 ETF TRTR UNIT0.32%$1M1.7K
36NVONOVO-NORDISK A SADR0.30%$1M21.4K
37MMM3M COCOM0.30%$1M6.7K
38ADPAUTOMATIC DATA PROCESSING INCOM0.29%$1M4.0K
39MUFGMITSUBISHI UFJ FINL GROUP INSPONSORED ADS0.28%$1M63.3K
40CMGCHIPOTLE MEXICAN GRILL INCCOM0.26%$936,80325.3K
41ORCLORACLE CORPCOM0.25%$921,3424.7K
42ROPROPER TECHNOLOGIES INCCOM0.25%$915,6322.1K
43MDTMEDTRONIC PLCSHS0.24%$864,9249.0K
44BNDXVANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.22%$803,12716.6K
45ADBEADOBE INCCOM0.21%$761,2282.2K
46HDHOME DEPOT INCCOM0.21%$755,8802.2K
47WMTWALMART INCCOM0.21%$743,5236.7K
48JNJJOHNSON & JOHNSONCOM0.20%$735,8923.6K
49IBMINTERNATIONAL BUSINESS MACHSCOM0.20%$731,1592.5K
50AXPAMERICAN EXPRESS COCOM0.20%$721,7722.0K
51MARMARRIOTT INTL INC NEWCL A0.19%$689,3532.2K
52EXMOCEXXON MOBIL CORPCOM0.19%$689,1875.7K
53GE AEROSPACECOM NEW0.19%$688,4472.2K
54FASTFASTENAL COCOM0.19%$672,41816.8K
55CVXCHEVRON CORP NEWCOM0.17%$620,9984.1K
56NFLXNETFLIX INCCOM0.16%$578,4996.2K
57CPCANADIAN PACIFIC KANSAS CITYCOM0.14%$521,4487.1K
58ABBVABBVIE INCCOM0.14%$494,0082.2K
59LLYELI LILLY & COCOM0.13%$487,908454
60PGPROCTER AND GAMBLE COCOM0.13%$487,3973.4K
61HLTHILTON WORLDWIDE HLDGS INCCOM0.12%$449,2591.6K
62AMGNAMGEN INCCOM0.12%$433,3581.3K
63LMTLOCKHEED MARTIN CORPCOM0.12%$417,891864
64HONHONEYWELL INTL INCCOM0.11%$408,3232.1K
65CATCATERPILLAR INCCOM0.11%$403,873705
66CTASCINTAS CORPCOM0.11%$398,5232.1K
67TJXTJX COS INC NEWCOM0.10%$379,7242.5K
68UNHUNITEDHEALTH GROUP INCCOM0.10%$377,0161.1K
69SHOPSHOPIFY INCCL A SUB VTG SHS0.10%$373,7722.3K
70WMWASTE MGMT INC DELCOM0.10%$346,8701.6K
71CSCOCISCO SYS INCCOM0.09%$338,7784.4K
72OGEOGE ENERGY CORPCOM0.09%$336,8607.9K
73DCIDONALDSON INCCOM0.09%$331,2343.7K
74LRCXLAM RESEARCH CORPCOM NEW0.09%$329,5221.9K
75CVSCVS HEALTH CORPCOM0.09%$320,7734.0K
76BACBANK AMERICA CORPCOM0.08%$301,8955.5K
77XELXCEL ENERGY INCCOM0.08%$300,2564.1K
78CMICUMMINS INCCOM0.08%$297,082582
79QCOMQUALCOMM INCCOM0.08%$281,2061.6K
80SBUXSTARBUCKS CORPCOM0.08%$275,7853.3K
81GEVGE VERNOVA INCCOM0.07%$264,696405
82RTXRTX CORPORATIONCOM0.07%$258,9611.4K
83BWBBRIDGEWATER BANCSHARES INCCOM0.07%$255,93814.6K
84AMATAPPLIED MATLS INCCOM0.07%$252,364982
85ABTABBOTT LABSCOM0.07%$238,6771.9K
86AIZASSURANT INCCOM0.07%$237,960988
87MUMICRON TECHNOLOGY INCCOM0.06%$225,474790
88MCKMCKESSON CORPCOM0.06%$223,941273
89MCDMCDONALDS CORPCOM0.06%$223,416731
90UNPUNION PAC CORPCOM0.06%$216,747937

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 ↗.