Managers / Q1 2026 · view latest →

BALLAST ADVISORS LLC

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

Reported Value

Under review

reported total failed a data-quality check

Positions

394

Filings on Record

2019–present window

Filed

May 13, 2026

original filing

Summary

Compared with Q4 2025, the fund opened 225 new positions and exited 7.

Reported Value by Quarter

13F Reported Value

Portfolio Composition

By security type

ETP · 55.8% · $192M
Common Stock · 37.2% · $128M
MLP · 3.4% · $12M
ADR · 3.0% · $10M
Other · 0.5% · $2M
Other · 0.1% · $345,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
CONSTELLATION SOFTWARE, INC	NEW	+976	976	+$2M	$2M
TCAF T Rowe Price Capital Apprec Eq ETF	NEW	+14.5K	14.5K	+$516,000	$516,000
CGIC Capital Group International Cor Eq ETF	NEW	+15.4K	15.4K	+$509,000	$509,000
PM PHILIP MORRIS INTL INC COM	NEW	+1.2K	1.2K	+$206,000	$206,000
CCEP COCA-COLA EUROPEAN PARTNERS PLC	NEW	+2.2K	2.2K	+$200,000	$200,000
MRK MERCK & CO INC COM	NEW	+1.6K	1.6K	+$196,000	$196,000
IBDR ISHARES IBONDS DEC 2026 TERM CORP ETF	NEW	+7.2K	7.2K	+$175,000	$175,000
HPE HEWLETT PACKARD ENTERPRISE CO COM	NEW	+7.2K	7.2K	+$171,000	$171,000

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

Holdings — Q1 2026

393 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	SCHV SCHWAB U.S. LARGE-CAP VALUE ETF history →	ETF	10.60%	$36M	1.19M
2	SCHX SCHWAB U.S. LARGE-CAP ETF history →	ETF	9.96%	$34M	1.34M
3	SCHF SCHWAB INTERNATIONAL history →	ETF	8.73%	$30M	1.21M
4	SCHG SCHWAB U.S. LARGE-CAP GROWTH ETF history →	ETF	8.20%	$28M	967.6K
5	AGG ISHARES CORE US history →	ETF	5.76%	$20M	199.4K
6	AAPL APPLE INC COM history →	COM	5.61%	$19M	82.0K
7	JPM JPMORGAN CHASE & CO COM history →	COM	3.51%	$12M	41.0K
8	EPD ENTERPRISE PRODS PARTNERS L P COM history →	COM	3.42%	$12M	310.5K
9	MSFT MICROSOFT CORP COM history →	COM	2.79%	$10M	25.9K
10	SCHE SCHWAB EMERGING MARKETS EQUITY ETF history →	ETF	2.63%	$9M	274.4K
11	TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD history →	COM	2.35%	$8M	23.9K
12	BRK/B BERKSHIRE HATHAWAY history →	COM	1.72%	$6M	12.3K
13	NVDA NVIDIA CORP COM history →	COM	1.68%	$6M	33.0K
14	SCHA SCHWAB U.S. SMALL-CAP ETF history →	ETF	1.65%	$6M	195.2K
15	GOOGL ALPHABET INC CAP STK CL A	CL A · CL C	1.65%	$6M	19.7K
16	UBER UBER TECHNOLOGIES INC history →	COM	1.36%	$5M	64.9K
17	AMZN AMAZON COM INC COM history →	COM	1.29%	$4M	21.3K
18	SLB SCHLUMBERGER LTD COM history →	COM	1.23%	$4M	82.6K
19	SCHH CHARLES SCHWAB US REIT	ETF	0.79%	$3M	125.9K
20	V VISA INC COM CL A	CL A	0.76%	$3M	8.6K
21	COST COSTCO WHSL CORP NEW COM	COM	0.69%	$2M	2.4K
22	META META PLATFORMS INC	COM	0.65%	$2M	3.9K
23	BX BLACKSTONE GROUP INC	COM	0.64%	$2M	19.0K
24	SCHZ SCHWAB US AGGREGATE BOND	ETF	0.63%	$2M	93.2K
25	VWOB VANGUARD EMERGING MKTS GOVT BD ETF	ETF	0.62%	$2M	32.4K
26	IWM ISHARES RUSSELL 2000 ETF	ETF	0.60%	$2M	8.3K
27	TSLA TESLA INC COM	COM	0.52%	$2M	4.8K
28	NXPI NXP SEMICONDUCTORS	COM	0.52%	$2M	9.1K
29	XLRE REAL ESTATE SELECT SCTR	ETF	0.52%	$2M	43.7K
30	ECL ECOLAB INC COM	COM	0.50%	$2M	6.5K
31	CONSTELLATION SOFTWARE, INC	COM	0.50%	$2M	976
32	PEP PEPSICO INC COM	COM	0.45%	$2M	10.0K
33	SPDW SPDR PORTFOLIO DEVELOPED WLD EX-US ETF	ETF	0.45%	$2M	33.8K
34	NTIC NORTHERN TECHNOLOGIES INTERNATIONAL CORP	COM	0.41%	$1M	171.0K
35	IWF ISHARES RUSSELL 1000 GROWTH ETF	ETF	0.41%	$1M	3.3K
36	SYK STRYKER CORP COM	COM	0.40%	$1M	4.2K
37	MCO MOODY'S CORPORATION	COM	0.40%	$1M	3.1K
38	ITW ILLINOIS TOOL WORKS INC	COM	0.38%	$1M	5.1K
39	KO COCA COLA CO COM	COM	0.36%	$1M	16.5K
40	IVV ISHARES CORE S&P 500 ETF	ETF	0.36%	$1M	1.9K
41	TMO THERMO FISHER SCIENTIFIC INC COM	COM	0.34%	$1M	2.4K
42	MUFG MITSUBISHI UFJ FINANCIAL GROUP INC	COM	0.31%	$1M	63.1K
43	DHR DANAHER CORP DEL COM	COM	0.30%	$1M	5.4K
44	SPY SPDR S&P 500 ETF	ETF	0.29%	$998,000	1.5K
45	MMM 3M CO COM	COM	0.27%	$923,000	6.4K
46	EXMOC EXXON MOBIL CORP COM	COM	0.26%	$909,000	5.4K
47	JNJ JOHNSON & JOHNSON COM	COM	0.26%	$879,000	3.6K
48	ACN ACCENTURE PLC	COM	0.25%	$860,000	4.3K
49	CVX CHEVRON CORP NEW COM	COM	0.24%	$838,000	4.0K
50	WMT WALMART INC COM	COM	0.24%	$815,000	6.6K
51	BNDX VANGUARD TOTAL INTERNATIONAL BOND ETF	ETF	0.24%	$810,000	16.9K
52	NVO NOVO-NORDISK A-S	COM	0.23%	$792,000	21.5K
53	CMG CHIPOTLE MEXICAN GRILL INC COM	COM	0.22%	$749,000	23.4K
54	ADP AUTOMATIC DATA PROCESSING INC	COM	0.22%	$748,000	3.7K
55	MAR MARRIOTT INTL INC NEW CL A	CL A	0.22%	$745,000	2.3K
56	IWY ISHARES RUSSELL TOP 200 GROWTH ETF	ETF	0.21%	$739,000	3.0K
57	FAST FASTENAL CO COM	COM	0.21%	$727,000	15.7K
58	ORCL ORACLE CORP COM	COM	0.21%	$720,000	4.9K
59	HD HOME DEPOT INC COM	COM	0.21%	$707,000	2.1K
60	GENERAL ELECTRIC CO COM	COM	0.20%	$694,000	2.4K
61	ROP ROPER TECHNOLOGIES INC	COM	0.20%	$687,000	1.9K
62	VUG VANGUARD GROWTH INDEX FUND	ETF	0.19%	$644,000	1.5K
63	NFLX NETFLIX INC COM	COM	0.17%	$593,000	6.2K
64	AXP AMERICAN EXPRESS CO COM	COM	0.17%	$583,000	1.9K
65	IBM INTERNATIONAL BUSINESS MACHS COM	COM	0.16%	$555,000	2.3K
66	LMT LOCKHEED MARTIN CORP COM	COM	0.15%	$528,000	874
67	CP CANADIAN PAC RAILWAY	COM	0.15%	$524,000	6.7K
68	TCAF T Rowe Price Capital Apprec Eq ETF	ETF	0.15%	$516,000	14.5K
69	CGIC Capital Group International Cor Eq ETF	ETF	0.15%	$509,000	15.4K
70	ADBE ADOBE SYS INC COM	COM	0.14%	$486,000	2.0K
71	CAT CATERPILLAR INC DEL COM	COM	0.14%	$479,000	676
72	ABBV ABBVIE INC COM	COM	0.14%	$465,000	2.1K
73	AMGN AMGEN INC COM	COM	0.13%	$456,000	1.3K
74	HLT HILTON WORLDWIDE HLDGS INC COM	COM	0.13%	$439,000	1.4K
75	SJNK SPDR BLOOMBERG BARCLAYS SHORT TERM HIGH YIELD BOND ETF	ETF	0.13%	$438,000	17.5K
76	LLY LILLY ELI & CO COM	COM	0.12%	$416,000	452
77	LRCX LAM RESEARCH CORP COM	COM	0.11%	$390,000	1.8K
78	IEFA ISHARES CORE MSCI EAFE	ETF	0.11%	$379,000	4.2K
79	OGE OGE ENERGY CORP COM	COM	0.11%	$378,000	7.9K
80	GEV GE VERNOVA	COM	0.11%	$367,000	420
81	WM WASTE MGMT INC DEL COM	COM	0.11%	$363,000	1.6K
82	PG PROCTER AND GAMBLE CO COM	COM	0.10%	$360,000	2.5K
83	CTAS CINTAS CORP COM	COM	0.10%	$356,000	2.1K
84	CSCO CISCO SYS INC COM	COM	0.10%	$342,000	4.4K
85	AMAT APPLIED MATLS INC COM	COM	0.10%	$336,000	982
86	IWX ISHARES RUSSELL TOP 200 VALUE ETF	ETF	0.10%	$334,000	3.6K
87	DCI DONALDSON INC COM	COM	0.09%	$317,000	3.7K
88	SUB ISHARES SHORT-TERM NATIONAL MUNI BOND ETF	ETF	0.09%	$314,000	2.9K
89	TJX TJX COS INC NEW COM	COM	0.09%	$312,000	2.0K
90	UNH UNITEDHEALTH GROUP INC COM	COM	0.09%	$301,000	1.1K
91	MUB ISHARES NATIONAL MUNI BOND ETF	ETF	0.09%	$296,000	2.8K
92	CVS CVS HEALTH CORP COM	COM	0.09%	$293,000	4.1K
93	XEL XCEL ENERGY INC COM	COM	0.08%	$289,000	3.6K
94	CMI CUMMINS INC COM	COM	0.08%	$286,000	532
95	BAC BANK AMER CORP COM	COM	0.08%	$279,000	5.7K
96	SHOP SHOPIFY INC FCLASS A	CL A	0.08%	$275,000	2.3K
97	RTX RAYTHEON TECHNOLOGIES CORP	COM	0.08%	$272,000	1.4K
98	SPYG SPDR PORTFOLIO S&P 500 GROWTH ETF	ETF	0.08%	$270,000	2.8K
99	SBUX STARBUCKS CORP COM	COM	0.08%	$268,000	3.0K
100	BWB BRIDGEWATER BANCSHARES INC COM ACCD INV	COM	0.08%	$258,000	14.6K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q2 2026	Under review	401	Jun 23, 2026	RESTATEMENT	changes · EDGAR ↗
Q1 2026	Under review	394	May 13, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$363M	175	Feb 3, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$363M	180	Nov 12, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$339M	168	Jul 31, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$314M	164	May 7, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$325M	161	Feb 11, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$324M	163	Oct 30, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$315M	163	Jul 26, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$297M	172	May 1, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$268M	169	Jan 30, 2024	13F-HR	changes · EDGAR ↗
Q3 2023	$251M	178	Oct 19, 2023	13F-HR	changes · EDGAR ↗
Q2 2023	$266M	180	Aug 4, 2023	13F-HR	changes · EDGAR ↗
Q1 2023	$251M	185	May 9, 2023	13F-HR	changes · EDGAR ↗
Q4 2022	$228M	179	Jan 26, 2023	13F-HR	changes · EDGAR ↗
Q3 2022	$214M	177	Nov 14, 2022	13F-HR	changes · EDGAR ↗
Q2 2022	$222M	182	Jul 20, 2022	13F-HR	changes · EDGAR ↗
Q1 2022	$256M	186	Apr 21, 2022	13F-HR	changes · EDGAR ↗
Q4 2021	$261M	182	Feb 4, 2022	13F-HR	changes · EDGAR ↗
Q3 2021	$241M	178	Nov 1, 2021	13F-HR	changes · EDGAR ↗
Q2 2021	$236M	179	Jul 20, 2021	13F-HR	changes · EDGAR ↗
Q1 2021	$217M	175	Apr 26, 2021	13F-HR	changes · EDGAR ↗
Q4 2020	$194M	171	Feb 5, 2021	13F-HR	changes · EDGAR ↗
Q3 2020	$160M	169	Oct 22, 2020	13F-HR	changes · EDGAR ↗
Q2 2020	$141M	160	Jul 29, 2020	13F-HR	changes · EDGAR ↗
Q1 2020	$117M	518	Apr 16, 2020	13F-HR	changes · EDGAR ↗
Q4 2019	$136M	163	Feb 14, 2020	13F-HR	changes · 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 ↗.