Managers / Q1 2026
FORTRESS FINANCIAL GROUP, LLC
CIK 0002054451 · 1610 14TH STREET NW, SUITE 300, ROCHESTER, MN, 55901 · (507) 529-1400
Summary
Fortress Financial Group, LLC reported $135M in U.S.-listed holdings across 87 positions for Q1 2026.
Its largest position, Ishares Tr, represents 11.1% of the portfolio.
Compared with Q4 2025, the fund opened 16 new positions and exited 10.
Portfolio Metrics
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. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 81.4% · $110M
- Common Stock · 18.3% · $25M
- Other · 0.3% · $435,934
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | NEW | +3.3K | 3.3K | +$2M | $2M |
| INVESCO EXCH TRADED FD TR II | NEW | +8.5K | 8.5K | +$423,570 | $423,570 |
| FIDELITY COVINGTON TRUST | NEW | +9.8K | 9.8K | +$365,133 | $365,133 |
| DFAIDIMENSIONAL ETF TRUST | NEW | +9.4K | 9.4K | +$364,464 | $364,464 |
| VANGUARD INDEX FDS | NEW | +4.0K | 4.0K | +$354,155 | $354,155 |
| IAU*ISHARES GOLD TR | NEW | +3.8K | 3.8K | +$337,653 | $337,653 |
| VANGUARD INDEX FDS | NEW | +1.2K | 1.2K | +$332,801 | $332,801 |
| CGNGCAPITAL GROUP NEW GEOGRAPHY | NEW | +8.4K | 8.4K | +$264,602 | $264,602 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ISHARES TR | CORE S&P US GWT · CORE S&P US VLU · S&P SML 600 GWT · SP SMCP600VL ETF · CORE S&P SCP ETF · RUS 1000 GRW ETF · RUS 1000 VAL ETF · CORE S&P500 ETF · CORE S&P MCP ETF · S&P 500 GRWT ETF · S&P 500 VAL ETF · RUS 1000 ETF | 44.61% | $60M | 449.7K |
| 2 | FIDELITY COVINGTON TRUST | ENHANCED LARGE · ENHANCED INTL | 8.72% | $12M | 324.8K |
| 3 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 7.05% | $10M | 49.6K |
| 4 | GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 4.64% | $6M | 50.1K |
| 5 | VUGVANGUARD INDEX FDS | S&P 500 ETF SHS · TOTAL STK MKT · GROWTH ETF · VALUE ETF · REAL ESTATE ETF | 2.98% | $4M | 13.0K |
| 6 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 2.69% | $4M | 6.3K |
| 7 | STATE STR SPDR S&P 500 ETF T | TR UNIT | 2.33% | $3M | 4.8K |
| 8 | FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 1.84% | $2M | 54.4K |
| 9 | BLACKROCK ETF TRUST | ISHARES INTL DIV | 1.70% | $2M | 81.1K |
| 10 | AAPLAPPLE INChistory → | COM | 1.49% | $2M | 7.9K |
| 11 | IBMINTERNATIONAL BUSINESS MACHShistory → | COM | 1.47% | $2M | 8.2K |
| 12 | NVDANVIDIA CORPORATIONhistory → | COM | 1.40% | $2M | 10.9K |
| 13 | ALRSALERUS FINL CORPhistory → | COM | 1.16% | $2M | 66.3K |
| 14 | AMZNAMAZON COM INC | COM | 0.96% | $1M | 6.2K |
| 15 | FASTFASTENAL CO | COM | 0.96% | $1M | 27.9K |
| 16 | MSFTMICROSOFT CORP | COM | 0.87% | $1M | 3.2K |
| 17 | TSLATESLA INC | COM | 0.83% | $1M | 3.0K |
| 18 | AMGNAMGEN INC | COM | 0.74% | $995,736 | 2.8K |
| 19 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 0.64% | $864,093 | 13.5K |
| 20 | INVESCO EXCH TRADED FD TR II | S&P500 HDL VOL · NASDAQ 100 ETF | 0.61% | $823,886 | 10.2K |
| 21 | GQ9SPDR GOLD TR | GOLD SHS | 0.55% | $743,207 | 1.7K |
| 22 | EXMOCEXXON MOBIL CORP | COM | 0.53% | $722,145 | 4.3K |
| 23 | HRLHORMEL FOODS CORP | COM | 0.53% | $717,380 | 31.7K |
| 24 | AMERICAN CENTY ETF TR | US SML CP VALU | 0.52% | $696,738 | 6.3K |
| 25 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.49% | $659,806 | 1.4K |
| 26 | JPMJPMORGAN CHASE & CO | COM | 0.38% | $509,960 | 1.7K |
| 27 | WFCWELLS FARGO & CO | COM | 0.37% | $496,348 | 6.2K |
| 28 | UPSUNITED PARCEL SVCS INC | CL B | 0.35% | $472,820 | 4.8K |
| 29 | MCKMCKESSON CORP | COM | 0.31% | $422,726 | 488 |
| 30 | KOCOCA COLA CO | COM | 0.29% | $391,512 | 5.1K |
| 31 | IBPINSTALLED BLDG PRODS INC | COM | 0.27% | $368,267 | 1.4K |
| 32 | DFAIDIMENSIONAL ETF TRUST | INTL CORE EQT MK | 0.27% | $364,464 | 9.4K |
| 33 | KEYKEYCORP | COM | 0.26% | $352,207 | 17.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $135M | 87 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $135M | 81 | Jan 23, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $130M | 82 | Nov 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $118M | 78 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $100M | 69 | Apr 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $101M | 69 | Feb 5, 2025 | 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 ↗.