13F HOLDINGS REPORT

Accredited Investors Inc.

Quarter ended Q2 2025 · Filed August 8, 2025 · Accession 0001518364-25-000005

Total Value

$1.69B

Positions

239

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (239)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	AMERICAN CENTY ETF TR	025072802	2,492,034	$197.6M	11.68%
2	ISHARES TR	464287507	2,041,023	$126.6M	7.49%
3	SCHWAB STRATEGIC TR	808524102	4,883,682	$116.4M	6.88%
4	VANGUARD INDEX FDS	922908744	473,269	$83.6M	4.95%
5	ISHARES TR	464287200	128,899	$80.0M	4.73%
6	UNITED PARCEL SERVICE INC	UPS	783,700	$79.1M	4.68%
7	ISHARES TR	464287804	675,782	$73.9M	4.37%
8	BERKSHIRE HATHAWAY INC DEL	BRK-A	79	$57.6M	3.40%
9	ISHARES TR	464287465	629,911	$56.3M	3.33%
10	AMAZON COM INC	AMZN	243,664	$53.5M	3.16%
11	ROBLOX CORP	RBLX	505,938	$53.2M	3.15%
12	ISHARES TR	464287655	228,401	$49.3M	2.91%
13	APPLE INC	AAPL	227,672	$46.7M	2.76%
14	SPDR SERIES TRUST	78464A508	788,483	$41.3M	2.44%
15	ISHARES TR	464287614	92,951	$39.5M	2.33%
16	ISHARES TR	464287481	206,230	$28.6M	1.69%
17	VANGUARD INTL EQUITY INDEX F	922042874	357,761	$27.7M	1.64%
18	VANGUARD INTL EQUITY INDEX F	922042742	202,561	$26.0M	1.54%
19	BERKSHIRE HATHAWAY INC DEL	BRK-A	51,461	$25.0M	1.48%
20	SCHWAB STRATEGIC TR	808524763	800,006	$22.9M	1.36%
21	VANGUARD TAX-MANAGED FDS	921943858	364,214	$20.8M	1.23%
22	MICROSOFT CORP	MSFT	39,128	$19.5M	1.15%
23	SPDR S&P 500 ETF TR	SPY	26,668	$16.5M	0.97%
24	AUTOMATIC DATA PROCESSING IN	ADP	52,200	$16.1M	0.95%
25	ISHARES TR	464288877	247,203	$15.7M	0.93%
26	ISHARES TR	46435U663	322,711	$13.3M	0.79%
27	ISHARES TR	46435U549	237,327	$11.3M	0.67%
28	C H ROBINSON WORLDWIDE INC	CHRW	113,560	$10.9M	0.64%
29	VANGUARD INTL EQUITY INDEX F	922042775	154,016	$10.4M	0.61%
30	NVIDIA CORPORATION	NVDA	62,182	$9.8M	0.58%
31	VANGUARD INDEX FDS	922908769	30,437	$9.3M	0.55%
32	ISHARES TR	464287473	67,108	$8.9M	0.52%
33	VANGUARD INDEX FDS	922908629	29,557	$8.3M	0.49%
34	OLD NATL BANCORP IND	680033107	372,895	$8.0M	0.47%
35	INVESCO EXCHANGE TRADED FD	IVZ	192,735	$7.8M	0.46%
36	VANGUARD WORLD FD	921910816	20,670	$7.6M	0.45%
37	ISHARES TR	464288802	55,584	$7.0M	0.42%
38	GENERAL MLS INC	370334104	117,872	$6.1M	0.36%
39	VANGUARD INDEX FDS	922908751	25,456	$6.0M	0.36%
40	JPMORGAN CHASE & CO.	VYLD	20,705	$6.0M	0.35%
41	ISHARES TR	46436E759	79,793	$5.9M	0.35%
42	ALPHABET INC	GOOG	32,725	$5.8M	0.34%
43	ISHARES TR	46435G516	62,476	$5.6M	0.33%
44	3M CO	MMM	28,627	$4.4M	0.26%
45	ISHARES TR	46436E767	78,611	$4.2M	0.25%
46	ISHARES TR	46435G243	162,491	$4.1M	0.24%
47	ISHARES TR	464287622	10,743	$3.6M	0.22%
48	VANGUARD INDEX FDS	922908363	6,239	$3.5M	0.21%
49	ISHARES TR	464288570	27,849	$3.2M	0.19%
50	VANGUARD INDEX FDS	922908652	15,961	$3.1M	0.18%
51	VANGUARD STAR FDS	921909768	43,601	$3.0M	0.18%
52	ELI LILLY & CO	LLY	3,851	$3.0M	0.18%
53	UNITEDHEALTH GROUP INC	UNH	9,461	$3.0M	0.17%
54	ISHARES TR	464287226	29,707	$2.9M	0.17%
55	US BANCORP DEL	USB-PS	64,107	$2.9M	0.17%
56	ISHARES TR	464287598	14,547	$2.8M	0.17%
57	META PLATFORMS INC	META	3,676	$2.7M	0.16%
58	ALPHABET INC	GOOG	14,207	$2.5M	0.15%
59	VISA INC COM	V	6,871	$2.4M	0.14%
60	COSTCO WHSL CORP	22160K105	2,423	$2.4M	0.14%
61	WALMART INC	WMT	24,450	$2.4M	0.14%
62	TRAVELERS COMPANIES INC	TRV	8,662	$2.3M	0.14%
63	GRACO INC	GGG	26,782	$2.3M	0.14%
64	ISHARES TR	464287150	16,519	$2.2M	0.13%
65	ORACLE CORP	ORCL-PD	10,195	$2.2M	0.13%
66	INVESCO QQQ TR	IVZ	3,970	$2.2M	0.13%
67	ABBOTT LABS	ABLZF	15,209	$2.1M	0.12%
68	TESLA INC	TSLA	6,050	$1.9M	0.11%
69	EXXON MOBIL CORP	XOM	16,808	$1.8M	0.11%
70	PROCTER AND GAMBLE CO	742718109	11,012	$1.8M	0.10%
71	HOME DEPOT INC	HD	4,761	$1.7M	0.10%
72	ISHARES TR	46436E619	38,982	$1.7M	0.10%
73	GE AEROSPACE	369604301	6,548	$1.7M	0.10%
74	ACCENTURE PLC IRELAND	ACN	5,521	$1.7M	0.10%
75	SPDR INDEX SHS FDS	78463X871	42,965	$1.6M	0.09%
76	AMERICAN EXPRESS CO	AXP	4,967	$1.6M	0.09%
77	AON PLC	AON	4,222	$1.5M	0.09%
78	ABBVIE INC	ABBV	7,988	$1.5M	0.09%
79	XCEL ENERGY INC	XELLL	21,276	$1.4M	0.09%
80	FASTENAL CO	FAST	33,933	$1.4M	0.08%
81	WELLS FARGO CO	949746101	17,662	$1.4M	0.08%
82	SCHWAB STRATEGIC TR	808524300	45,706	$1.3M	0.08%
83	JOHNSON & JOHNSON	JNJ	8,490	$1.3M	0.08%
84	PEPSICO INC	PEP	9,521	$1.3M	0.07%
85	MCDONALDS CORP	MCD	4,114	$1.2M	0.07%
86	BANK AMERICA CORP	060505104	24,985	$1.2M	0.07%
87	TACTILE SYS TECHNOLOGY INC	87357P100	115,335	$1.2M	0.07%
88	ISHARES TR	464287168	8,595	$1.1M	0.07%
89	NETFLIX INC	NFLX	851	$1.1M	0.07%
90	AMPHENOL CORP	032095101	11,364	$1.1M	0.07%
91	ECOLAB INC	ECL	4,099	$1.1M	0.07%
92	SPS COMM INC	SPSC	7,909	$1.1M	0.06%
93	VANGUARD SPECIALIZED FUNDS	921908844	5,153	$1.1M	0.06%
94	INTERNATIONAL BUSINESS MACHS	INTR	3,576	$1.1M	0.06%
95	TENNANT CO	TNC	13,605	$1.1M	0.06%
96	UMB FINL CORP	902788108	9,939	$1.0M	0.06%
97	COCA COLA CO	KO	14,648	$1.0M	0.06%
98	MEDTRONIC PLC	MDT	11,481	$1.0M	0.06%
99	GE VERNOVA INC	GEV	1,861	$984,815	0.06%
100	DISNEY WALT CO	254687106	7,938	$984,417	0.06%
101	BROADRIDGE FINL SOLUTIONS IN	11133T103	3,799	$923,271	0.05%
102	MASTERCARD INCORPORATED	MA	1,585	$890,736	0.05%
103	SPDR S&P MIDCAP 400 ETF TR	MDY	1,566	$887,252	0.05%
104	CADENCE DESIGN SYSTEM INC	CDNS	2,862	$881,925	0.05%
105	PHILIP MORRIS INTL INC	718172109	4,543	$827,459	0.05%
106	TARGET CORP	TGT	8,198	$808,684	0.05%
107	ISHARES TR	464288414	7,471	$780,570	0.05%
108	MERCK & CO INC	MRK	9,839	$778,818	0.05%
109	ISHARES TR	464287648	2,608	$745,523	0.04%
110	CHEVRON CORP	CVX	5,181	$741,808	0.04%
111	BROADCOM INC	AVGO	2,660	$733,106	0.04%
112	SHOPIFY INC	SHOP	6,355	$733,049	0.04%
113	SPDR SERIES TRUST	78464A763	5,390	$731,585	0.04%
114	SELECT SECTOR SPDR TR	81369Y803	2,855	$722,972	0.04%
115	ANALOG DEVICES INC	ADI	2,986	$710,728	0.04%
116	VANGUARD ADMIRAL FDS INC	921932505	1,788	$709,029	0.04%
117	HONEYWELL INTL INC	438516106	2,993	$696,992	0.04%
118	BRISTOL-MYERS SQUIBB CO	CELG-RI	14,760	$683,220	0.04%
119	CATERPILLAR INC	CAT	1,717	$666,471	0.04%
120	SCHWAB CHARLES CORP	SCHW-PJ	7,227	$659,360	0.04%
121	VANGUARD INDEX FDS	922908736	1,503	$658,915	0.04%
122	ISHARES TR	464288513	8,150	$657,298	0.04%
123	SOLVENTUM CORP	SOLV	8,615	$653,362	0.04%
124	FISERV INC	FISV	3,738	$644,469	0.04%
125	ZOETIS INC	ZTS	4,118	$642,150	0.04%
126	KAYNE ANDERSON BDC INC	KBDC	40,756	$621,937	0.04%
127	AMGEN INC	AMGN	2,163	$604,019	0.04%
128	SPDR SERIES TRUST	78464A300	7,435	$593,016	0.04%
129	CISCO SYS INC	CSCO	8,546	$592,921	0.04%
130	TREACE MED CONCEPTS INC	89455T109	100,000	$588,000	0.03%
131	INTUITIVE SURGICAL INC	ISRG	1,039	$564,603	0.03%
132	ISHARES TR	46432F842	6,410	$535,107	0.03%
133	ISHARES TR	464287309	4,638	$510,644	0.03%
134	APPLIED MATLS INC	038222105	2,748	$503,042	0.03%
135	SPDR SERIES TRUST	78464A854	6,830	$496,462	0.03%
136	PFIZER INC	PFE	20,445	$495,590	0.03%
137	ALTRIA GROUP INC	MO	8,361	$490,212	0.03%
138	MOTOROLA SOLUTIONS INC	MSI	1,159	$487,479	0.03%
139	TAIWAN SEMICONDUCTOR MFG LTD	874039100	2,137	$484,015	0.03%
140	ISHARES TR	464287523	2,017	$481,424	0.03%
141	BLACKSTONE SECD LENDING FD	BX	15,000	$461,250	0.03%
142	CINTAS CORP	CTAS	2,065	$460,227	0.03%
143	BLUE OWL CAPITAL CORPORATION	OWL	31,628	$453,548	0.03%
144	MUELLER INDS INC	624756102	5,646	$448,688	0.03%
145	SCHWAB STRATEGIC TR	808524755	11,150	$446,223	0.03%
146	EATON CORP PLC	ETN	1,221	$435,885	0.03%
147	INVESCO EXCH TRADED FD	IVZ	7,492	$432,963	0.03%
148	J P MORGAN EXCHANGE TRADED F	46641Q332	7,577	$430,762	0.03%
149	HERCULES CAPITAL INC	HCXY	23,000	$420,440	0.02%
150	ISHARES TR	464287721	2,424	$420,044	0.02%
151	DIMENSIONAL ETF TRUST US	25434V724	9,623	$406,851	0.02%
152	PALANTIR TECHNOLOGIES INC	PLTR	2,969	$404,734	0.02%
153	FIDUS INVT CORP	316500107	20,000	$404,000	0.02%
154	RTX CORPORATION	RTX	2,742	$400,387	0.02%
155	NUCOR CORP	NUE	3,047	$394,648	0.02%
156	PIMCO DYNAMIC INCOME FD	72201Y101	20,719	$393,040	0.02%
157	CELCUITY INC	CELC	29,115	$388,685	0.02%
158	MOSAIC CO	MOS	10,624	$387,564	0.02%
159	FIRST TR EXCHANGE-TRADED FD	336920103	2,649	$383,867	0.02%
160	DEXCOM INC	DXCM	4,377	$382,068	0.02%
161	EMERSON ELEC CO	EMR	2,856	$380,790	0.02%
162	MORGAN STANLEY DIRECT LENDIN	61774A103	20,000	$374,400	0.02%
163	THERMO FISHER SCIENTIFIC INC	TMO	918	$372,212	0.02%
164	ELEVANCE HEALTH INC	ELV	953	$370,679	0.02%
165	WATERS CORP	941848103	1,053	$367,539	0.02%
166	EXPEDIA GROUP INC	EXPE	2,162	$364,686	0.02%
167	HOWMET AEROSPACE INC	HWM	1,943	$361,651	0.02%
168	BIO-TECHNE CORP	TECH	6,998	$360,067	0.02%
169	HORMEL FOODS CORP	HRL	11,730	$354,841	0.02%
170	SALESFORCE INC	CRM	1,296	$353,406	0.02%
171	DONALDSON INC	DCI	5,093	$353,233	0.02%
172	CLEVELAND-CLIFFS INC	CLF	46,429	$352,860	0.02%
173	FIDELITY COMWLTH TR	315912808	4,395	$352,029	0.02%
174	ISHARES TR	464287606	3,854	$350,637	0.02%
175	AT&T INC	T-PC	12,093	$349,978	0.02%
176	ISHARES TR	464288182	4,214	$348,161	0.02%
177	DELL TECHNOLOGIES INC	DELL	2,832	$347,203	0.02%
178	GOLDEN ENTMT INC	NVGLF	11,750	$345,803	0.02%
179	VANGUARD INDEX FDS	922908611	1,768	$344,778	0.02%
180	MORGAN STANLEY	MS-PQ	2,398	$337,730	0.02%
181	SPDR SERIES TRUST	78468R663	3,660	$335,732	0.02%
182	SELECT SECTOR SPDR TR	81369Y605	6,379	$334,068	0.02%
183	OTTER TAIL CORP	OTTR	4,324	$333,301	0.02%
184	HUBSPOT INC	HUBS	598	$332,865	0.02%
185	SCHWAB STRATEGIC TR	808524805	14,725	$325,416	0.02%
186	ALIBABA GROUP HLDG LTD	BBAAY	2,810	$318,682	0.02%
187	ROCKWELL AUTOMATION INC	ROK	955	$317,296	0.02%
188	ISHARES TR	464288679	2,812	$310,501	0.02%
189	BANK NEW YORK MELLON CORP	064058100	3,335	$303,852	0.02%
190	AMERIPRISE FINL INC	03076C106	568	$303,159	0.02%
191	TJX COS INC	872540109	2,414	$298,105	0.02%
192	INTEL CORP	INTC	13,231	$296,369	0.02%
193	DUTCH BROS INC	BROS	4,192	$286,607	0.02%
194	ISHARES GOLD TR	IAU	4,581	$285,671	0.02%
195	GOLDMAN SACHS GROUP INC	GSCE	403	$285,223	0.02%
196	NEXTERA ENERGY INC	NEE-PW	4,105	$284,969	0.02%
197	PALO ALTO NETWORKS INC	PANW	1,386	$283,631	0.02%
198	DIMENSIONAL ETF TRUST US	25434V609	5,236	$282,535	0.02%
199	VANGUARD INDEX FDS	922908538	982	$279,271	0.02%
200	NVENT ELECTRIC PLC	NVT	3,787	$277,398	0.02%
201	SPDR DOW JONES INDL AVERAGE	78467X109	628	$276,728	0.02%
202	BOEING CO	BA-PA	1,295	$271,443	0.02%
203	VANGUARD INTL EQUITY INDEX F	922042858	5,486	$271,344	0.02%
204	ISHARES TR	464287705	2,167	$267,798	0.02%
205	NORFOLK SOUTHN CORP	655844108	1,043	$267,003	0.02%
206	SCHWAB STRATEGIC TR	808524722	8,735	$260,479	0.02%
207	VANGUARD MUN BD FDS	922907746	5,284	$259,075	0.02%
208	CHUBB LIMITED	CB	893	$258,720	0.02%
209	AMERICAN TOWER CORP	03027X100	1,167	$257,992	0.02%
210	SCHWAB STRATEGIC TR	808524201	10,550	$257,845	0.02%
211	VANGUARD WHITEHALL FDS	921946406	1,917	$255,555	0.02%
212	INVESCO EXCH TRADED FD	IVZ	3,545	$253,866	0.02%
213	PROSHARES TR	74348A467	2,504	$252,109	0.01%
214	EBAY INC.	EBAY	3,346	$249,143	0.01%
215	PAYPAL HLDGS INC	PYPL	3,281	$243,844	0.01%
216	VANGUARD INDEX FDS	922908637	850	$242,505	0.01%
217	ALLIANT ENERGY CORP	LNT	4,000	$241,881	0.01%
218	GALLAGHER ARTHUR J & CO	363576109	752	$240,730	0.01%
219	ARES CAPITAL CORP	ARCC	10,955	$240,571	0.01%
220	ISHARES TR	46432F396	987	$237,196	0.01%
221	KIMBERLY-CLARK CORP	KMB	1,834	$236,404	0.01%
222	DIMENSIONAL ETF TRUST US	25434V401	3,524	$236,178	0.01%
223	BNY MELLON ETF TRUST	09661T107	1,946	$230,465	0.01%
224	GRAB HOLDINGS LIMITED	GRABW	44,737	$225,027	0.01%
225	CROWDSTRIKE HLDGS INC	CRWD	436	$222,059	0.01%
226	FULLER H B CO	FUL	3,684	$221,593	0.01%
227	FIRST TR EXCHANGE TRADED FD	33734X846	2,830	$213,891	0.01%
228	SOUTHERN CO	SOMN	2,326	$213,597	0.01%
229	J P MORGAN EXCHANGE TRADED F	46641Q753	4,800	$212,304	0.01%
230	LAM RESEARCH CORP	LRCX	2,180	$212,201	0.01%
231	CANTERBURY PK HLDG CORP	13811E101	10,782	$207,338	0.01%
232	UNION PAC CORP	UNP	888	$204,311	0.01%
233	SOW GOOD INC	SOWG	208,209	$162,757	0.01%
234	URANIUM ENERGY CORP	UEC	13,300	$90,440	0.01%
235	DURECT CORP	266605500	91,919	$58,387	0.00%
236	VIZSLA SILVER CORP	VZLA	15,600	$45,864	0.00%
237	GRANITE PT MTG TR	38741L107	15,721	$38,831	0.00%
238	EDAP TMS S A	EDAP	21,431	$35,361	0.00%
239	LUCID GROUP INC	LCID	10,090	$21,290	0.00%