13F HOLDINGS REPORT

BALLAST ADVISORS LLC

Quarter ended Q4 2025 · Filed February 3, 2026 · Accession 0001398344-26-001934

Total Value

$362.5M

Positions

175

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (175)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SCHWAB STRATEGIC TR	808524201	1,271,925	$34.2M	9.44%
2	SCHWAB STRATEGIC TR	808524409	1,135,506	$33.6M	9.27%
3	SCHWAB STRATEGIC TR	808524805	1,223,587	$29.4M	8.11%
4	SCHWAB STRATEGIC TR	808524300	874,913	$28.5M	7.87%
5	APPLE INC	AAPL	83,443	$22.7M	6.26%
6	ISHARES TR	464287226	209,752	$21.0M	5.78%
7	SCHWAB STRATEGIC TR	808524862	650,187	$15.8M	4.37%
8	JPMORGAN CHASE & CO.	VYLD	40,840	$13.2M	3.63%
9	MICROSOFT CORP	MSFT	25,494	$12.3M	3.40%
10	ENTERPRISE PRODS PARTNERS L	293792107	309,009	$9.9M	2.73%
11	SCHWAB STRATEGIC TR	808524706	268,831	$8.8M	2.43%
12	TAIWAN SEMICONDUCTOR MFG LTD	874039100	23,286	$7.1M	1.95%
13	SCHWAB STRATEGIC TR	808524102	265,637	$7.0M	1.92%
14	NVIDIA CORPORATION	NVDA	32,954	$6.1M	1.70%
15	BERKSHIRE HATHAWAY INC DEL	BRK-A	12,012	$6.0M	1.67%
16	UBER TECHNOLOGIES INC	UBER	64,511	$5.3M	1.45%
17	SCHWAB STRATEGIC TR	808524607	184,870	$5.3M	1.45%
18	AMAZON COM INC	AMZN	20,440	$4.7M	1.30%
19	ALPHABET INC	GOOG	13,826	$4.3M	1.19%
20	SLB LIMITED	SLB	80,740	$3.1M	0.85%
21	VISA INC	V	8,466	$3.0M	0.82%
22	BLACKSTONE INC	BX	19,216	$3.0M	0.82%
23	META PLATFORMS INC	META	3,873	$2.6M	0.71%
24	SCHWAB STRATEGIC TR	808524847	115,158	$2.4M	0.66%
25	SCHWAB STRATEGIC TR	808524839	97,032	$2.3M	0.63%
26	VANGUARD WHITEHALL FDS	921946885	33,141	$2.2M	0.62%
27	TESLA INC	TSLA	4,885	$2.2M	0.61%
28	ISHARES TR	464287655	8,470	$2.1M	0.58%
29	COSTCO WHSL CORP NEW	22160K105	2,362	$2.0M	0.56%
30	NXP SEMICONDUCTORS N V	NXPI	9,017	$2.0M	0.54%
31	ECOLAB INC	ECL	6,811	$1.8M	0.49%
32	SELECT SECTOR SPDR TR	81369Y860	40,985	$1.7M	0.46%
33	ALPHABET INC	GOOG	5,147	$1.6M	0.45%
34	ISHARES TR	464287614	3,378	$1.6M	0.44%
35	MOODYS CORP	MCO	3,112	$1.6M	0.44%
36	SPDR INDEX SHS FDS	78463X889	34,840	$1.5M	0.43%
37	STRYKER CORPORATION	SYK	4,081	$1.4M	0.40%
38	ACCENTURE PLC IRELAND	ACN	5,187	$1.4M	0.38%
39	THERMO FISHER SCIENTIFIC INC	TMO	2,367	$1.4M	0.38%
40	NORTHERN TECHNOLOGIES INTL C	NTRSO	171,047	$1.3M	0.37%
41	ISHARES TR	464287200	1,930	$1.3M	0.36%
42	PEPSICO INC	PEP	9,116	$1.3M	0.36%
43	ILLINOIS TOOL WKS INC	452308109	5,110	$1.3M	0.35%
44	DANAHER CORPORATION	235851102	5,291	$1.2M	0.33%
45	COCA COLA CO	KO	17,076	$1.2M	0.33%
46	SPDR S&P 500 ETF TR	SPY	1,696	$1.2M	0.32%
47	NOVO-NORDISK A S	NONOF	21,359	$1.1M	0.30%
48	3M CO	MMM	6,702	$1.1M	0.30%
49	AUTOMATIC DATA PROCESSING IN	ADP	4,047	$1.0M	0.29%
50	MITSUBISHI UFJ FINL GROUP IN	606822104	63,282	$1.0M	0.28%
51	CHIPOTLE MEXICAN GRILL INC	CMG	25,319	$936,803	0.26%
52	ORACLE CORP	ORCL-PD	4,727	$921,342	0.25%
53	ROPER TECHNOLOGIES INC	ROP	2,057	$915,632	0.25%
54	MEDTRONIC PLC	MDT	9,004	$864,924	0.24%
55	ISHARES TR	464289438	2,969	$822,235	0.23%
56	VANGUARD CHARLOTTE FDS	92203J407	16,621	$803,127	0.22%
57	ADOBE INC	ADBE	2,175	$761,228	0.21%
58	HOME DEPOT INC	HD	2,197	$755,880	0.21%
59	WALMART INC	WMT	6,674	$743,523	0.21%
60	JOHNSON & JOHNSON	JNJ	3,556	$735,892	0.20%
61	INTERNATIONAL BUSINESS MACHS	INTR	2,468	$731,159	0.20%
62	AMERICAN EXPRESS CO	AXP	1,951	$721,772	0.20%
63	VANGUARD INDEX FDS	922908736	1,475	$719,594	0.20%
64	MARRIOTT INTL INC NEW	571903202	2,222	$689,353	0.19%
65	EXXON MOBIL CORP	XOM	5,727	$689,187	0.19%
66	GE AEROSPACE	369604301	2,235	$688,447	0.19%
67	FASTENAL CO	FAST	16,756	$672,418	0.19%
68	CHEVRON CORP NEW	CVX	4,075	$620,998	0.17%
69	NETFLIX INC	NFLX	6,170	$578,499	0.16%
70	CANADIAN PACIFIC KANSAS CITY	CP	7,082	$521,448	0.14%
71	ABBVIE INC	ABBV	2,162	$494,008	0.14%
72	ELI LILLY & CO	LLY	454	$487,908	0.13%
73	PROCTER AND GAMBLE CO	742718109	3,401	$487,397	0.13%
74	HILTON WORLDWIDE HLDGS INC	HLT	1,564	$449,259	0.12%
75	SPDR SERIES TRUST	78468R408	17,479	$442,568	0.12%
76	AMGEN INC	AMGN	1,324	$433,358	0.12%
77	LOCKHEED MARTIN CORP	LMT	864	$417,891	0.12%
78	HONEYWELL INTL INC	438516106	2,093	$408,323	0.11%
79	CATERPILLAR INC	CAT	705	$403,873	0.11%
80	CINTAS CORP	CTAS	2,119	$398,523	0.11%
81	TJX COS INC NEW	872540109	2,472	$379,724	0.10%
82	UNITEDHEALTH GROUP INC	UNH	1,142	$377,016	0.10%
83	ISHARES TR	46432F842	4,184	$374,274	0.10%
84	SHOPIFY INC	SHOP	2,322	$373,772	0.10%
85	WASTE MGMT INC DEL	94106L109	1,579	$346,870	0.10%
86	CISCO SYS INC	CSCO	4,398	$338,778	0.09%
87	OGE ENERGY CORP	OGE	7,889	$336,860	0.09%
88	ISHARES TR	464289420	3,606	$331,247	0.09%
89	DONALDSON INC	DCI	3,736	$331,234	0.09%
90	ISHARES TR	464288158	3,094	$330,130	0.09%
91	LAM RESEARCH CORP	LRCX	1,925	$329,522	0.09%
92	ISHARES TR	464288414	3,075	$329,363	0.09%
93	CVS HEALTH CORP	CVS	4,042	$320,773	0.09%
94	BANK AMERICA CORP	060505104	5,489	$301,895	0.08%
95	XCEL ENERGY INC	XELLL	4,065	$300,256	0.08%
96	CUMMINS INC	CMI	582	$297,082	0.08%
97	SPDR SERIES TRUST	78464A409	2,775	$296,119	0.08%
98	QUALCOMM INC	QCOM	1,644	$281,206	0.08%
99	STARBUCKS CORP	SBUX	3,275	$275,785	0.08%
100	GE VERNOVA INC	GEV	405	$264,696	0.07%
101	RTX CORPORATION	RTX	1,412	$258,961	0.07%
102	SELECT SECTOR SPDR TR	81369Y803	1,782	$256,572	0.07%
103	BRIDGEWATER BANCSHARES INC	BWBBP	14,600	$255,938	0.07%
104	APPLIED MATLS INC	038222105	982	$252,364	0.07%
105	ABBOTT LABS	ABLZF	1,905	$238,677	0.07%
106	ASSURANT INC	AIZN	988	$237,960	0.07%
107	ISHARES TR	464287457	2,844	$235,505	0.06%
108	ISHARES TR	464287671	1,394	$234,108	0.06%
109	SPDR SERIES TRUST	78464A300	2,568	$233,623	0.06%
110	MICRON TECHNOLOGY INC	MU	790	$225,474	0.06%
111	ISHARES TR	464288448	5,683	$224,194	0.06%
112	MCKESSON CORP	MCK	273	$223,941	0.06%
113	MCDONALDS CORP	MCD	731	$223,416	0.06%
114	UNION PAC CORP	UNP	937	$216,747	0.06%
115	VANGUARD INDEX FDS	922908553	2,338	$206,890	0.06%
116	SCHWAB STRATEGIC TR	808524508	6,677	$200,777	0.06%
117	VANGUARD INDEX FDS	922908744	1,025	$195,831	0.05%
118	VANGUARD INDEX FDS	922908637	601	$189,195	0.05%
119	SPDR SERIES TRUST	78464A763	1,271	$176,872	0.05%
120	SCHWAB STRATEGIC TR	808524870	6,480	$171,655	0.05%
121	ISHARES TR	464287499	1,637	$157,594	0.04%
122	ISHARES TR	464287432	1,767	$154,012	0.04%
123	ISHARES TR	46435UAA9	6,170	$149,808	0.04%
124	ISHARES TR	464287481	1,032	$141,322	0.04%
125	ISHARES TR	464287440	1,424	$136,932	0.04%
126	ISHARES TR	464287804	1,068	$128,352	0.04%
127	VANGUARD WHITEHALL FDS	921946406	868	$124,575	0.03%
128	VANGUARD INDEX FDS	922908769	348	$116,674	0.03%
129	ISHARES TR	464287309	838	$103,292	0.03%
130	SPDR SERIES TRUST	78464A854	1,261	$101,157	0.03%
131	SPDR SERIES TRUST	78464A201	1,071	$100,856	0.03%
132	ISHARES TR	464287150	663	$98,581	0.03%
133	SPDR SERIES TRUST	78464A821	1,059	$97,883	0.03%
134	SCHWAB STRATEGIC TR	808524797	3,561	$97,678	0.03%
135	ISHARES TR	464287408	446	$94,583	0.03%
136	SPDR SERIES TRUST	78468R853	1,938	$90,815	0.03%
137	SPDR INDEX SHS FDS	78463X509	1,755	$82,152	0.02%
138	ISHARES TR	464288885	681	$77,580	0.02%
139	ISHARES TR	464287168	482	$68,029	0.02%
140	ISHARES TR	464287507	940	$62,040	0.02%
141	ISHARES TR	464287630	338	$61,249	0.02%
142	ISHARES TR	464288877	838	$59,842	0.02%
143	ISHARES TR	46435U549	1,204	$57,611	0.02%
144	SPDR SERIES TRUST	78464A508	1,007	$57,208	0.02%
145	SELECT SECTOR SPDR TR	81369Y886	1,208	$51,582	0.01%
146	ISHARES TR	464287465	536	$51,472	0.01%
147	ISHARES TR	464287689	131	$50,815	0.01%
148	ISHARES TR	464287242	450	$49,586	0.01%
149	SPDR SERIES TRUST	78464A839	531	$44,949	0.01%
150	SPDR SERIES TRUST	78464A664	1,692	$44,787	0.01%
151	SPDR INDEX SHS FDS	78463X194	948	$40,659	0.01%
152	ISHARES TR	464288810	630	$39,155	0.01%
153	ISHARES TR	464287176	331	$36,380	0.01%
154	SPDR SERIES TRUST	78464A870	295	$35,969	0.01%
155	ISHARES TR	46435U515	1,197	$30,470	0.01%
156	SPDR SERIES TRUST	78468R721	647	$29,574	0.01%
157	SPDR SERIES TRUST	78468R622	290	$28,191	0.01%
158	VANGUARD INDEX FDS	922908363	40	$25,085	0.01%
159	SCHWAB STRATEGIC TR	808524730	663	$23,908	0.01%
160	ISHARES TR	464288356	410	$23,559	0.01%
161	ISHARES TR	464288570	137	$17,650	0.00%
162	SELECT SECTOR SPDR TR	81369Y605	317	$17,389	0.00%
163	VANGUARD INDEX FDS	922908751	64	$16,509	0.00%
164	SELECT SECTOR SPDR TR	81369Y209	95	$14,706	0.00%
165	ISHARES TR	464287606	150	$14,532	0.00%
166	SELECT SECTOR SPDR TR	81369Y506	300	$13,413	0.00%
167	SCHWAB STRATEGIC TR	808524854	474	$11,888	0.00%
168	VANGUARD INDEX FDS	922908512	45	$7,982	0.00%
169	VANGUARD INDEX FDS	922908538	26	$7,258	0.00%
170	ISHARES TR	464287879	60	$6,823	0.00%
171	ISHARES TR	464287234	119	$6,510	0.00%
172	ISHARES TR	464288760	11	$2,370	0.00%
173	SELECT SECTOR SPDR TR	81369Y852	19	$2,252	0.00%
174	SPDR SERIES TRUST	78468R788	38	$1,641	0.00%
175	SELECT SECTOR SPDR TR	81369Y407	12	$1,437	0.00%