Institutional Manager · CIK 0001985414

Cherry Tree Wealth Management, LLC

MINNETONKA, MN · File #028-23331

Latest AUM

$473.6M

Positions

586

Top-10 Concentration

43.3%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	EA SERIES TRUST	02072Q572	+39,965	+$2.0M	$0
ADD	DIMENSIONAL ETF TRUST	25434V872	+42,403	+$1.8M	-$3,250
ADD	VANGUARD MUN BD FDS	922907746	+27,579	+$1.4M	+$25,893
EXITED	ISHARES TR	46434VBD1	-45,039	-$1.1M	$0
ADD	VANGUARD BD INDEX FDS	921937827	+9,685	+$763,274	-$12,031
REDUCE	SPDR SERIES TRUST	78464A375	-22,276	-$753,151	-$53,182
ADD	SPDR SERIES TRUST	78464A474	+24,852	+$750,531	-$57,671
REDUCE	INVESCO EXCH TRADED FD TR II	IVZ	-29,838	-$725,964	-$28,545
ADD	VANGUARD INSTL INDEX FD	922040845	+9,108	+$687,017	-$7,095
ADD	DIMENSIONAL ETF TRUST	25434V831	+16,151	+$614,223	+$26,898

Sector Allocation

4.8%$22.6M

2.4%$11.5M

0.9%$4.1M

0.8%$4.0M

Consumer Discretionary

0.3%$1.6M

Consumer Staples

0.3%$1.6M

Energy

0.1%$665,795

Communication Services

0.1%$291,457

Materials

0.1%$281,902

Real Estate

0.0%$228,727

Utilities

0.0%$93,157

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 2025586 pos · $473.6M
Nov 24, 202513F HOLDINGS REPORTQ/E Sep 2025590 pos · $455.5M
Aug 5, 202513F HOLDINGS REPORTQ/E Jun 2025606 pos · $430.3M
Apr 21, 202513F HOLDINGS REPORTQ/E Mar 2025756 pos · $414.7M
Feb 4, 202513F HOLDINGS REPORTQ/E Dec 2024644 pos · $404.1M
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 2024613 pos · $421.8M
Aug 6, 202413F HOLDINGS REPORTQ/E Jun 2024596 pos · $398.1M
May 1, 202413F HOLDINGS REPORTQ/E Mar 2024595 pos · $397.6M
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 2023585 pos · $341.2M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR SERIES TRUST	78464A375	642,325	$21.7M	5.63%
2	VANGUARD BD INDEX FDS	921937835	272,186	$20.2M	5.23%
3	SPDR SERIES TRUST	78464A474	665,617	$20.1M	5.21%
4	VANGUARD INDEX FDS	922908744	98,869	$18.9M	4.89%
5	VANGUARD TAX-MANAGED FDS	921943858	299,201	$18.7M	4.84%
6	ISHARES TR	464287200	24,215	$16.6M	4.30%
7	VANGUARD WHITEHALL FDS	921946406	92,056	$13.2M	3.42%
8	SPDR SERIES TRUST	78468R200	425,842	$13.1M	3.39%
9	VANGUARD INDEX FDS	922908611	58,605	$12.4M	3.22%
10	DIMENSIONAL ETF TRUST	25434V708	311,253	$12.3M	3.19%
11	VANGUARD INDEX FDS	922908751	47,621	$12.3M	3.18%
12	VANGUARD SCOTTSDALE FDS	92206C409	136,840	$10.9M	2.83%
13	SCHWAB STRATEGIC TR	808524755	232,481	$10.5M	2.72%
14	VANGUARD INTL EQUITY INDEX F	922042775	141,377	$10.4M	2.70%
15	VANGUARD BD INDEX FDS	921937827	129,556	$10.2M	2.65%
16	VANGUARD MALVERN FDS	922020805	176,041	$8.7M	2.26%
17	SCHWAB STRATEGIC TR	808524748	181,745	$8.1M	2.10%
18	VANGUARD WHITEHALL FDS	921946794	88,492	$8.0M	2.06%
19	AMERICAN CENTY ETF TR	025072349	104,962	$8.0M	2.06%
20	VANGUARD MUN BD FDS	922907746	145,291	$7.3M	1.89%