Institutional Manager · CIK 0002054451
FORTRESS FINANCIAL GROUP, LLC
ROCHESTER, MN · File #028-24762
Latest AUM
$135.5M
Positions
81
Top-10 Concentration
65.8%
Filings
5
Portfolio Value Over Time
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 |
|---|---|---|---|---|---|
| ADD | ISHARES TR | 464287887 | +4,579 | +$646,374 | -$15,867 |
| ADD | FIDELITY COVINGTON TRUST | 316092113 | +16,469 | +$628,622 | +$254,794 |
| ADD | ISHARES TR | 464287663 | +4,037 | +$413,955 | +$354,728 |
| EXITED | VANGUARD BD INDEX FDS | 921937827 | -4,981 | -$393,043 | $0 |
| EXITED | ISHARES INC | 46434G103 | -7,143 | -$356,258 | $0 |
| NEW | ALPHABET INC | GOOG | +1,126 | +$352,568 | $0 |
| EXITED | VANGUARD BD INDEX FDS | 921937835 | -4,709 | -$350,228 | $0 |
| REDUCE | ALPHABET INC | GOOG | -1,113 | -$349,336 | +$143,924 |
| ADD | INVESCO EXCHANGE TRADED FD T | IVZ | +1,810 | +$346,727 | +$89,581 |
| NEW | INVESCO EXCH TRADED FD TR II | IVZ | +1,084 | +$274,253 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202581 pos · $135.5M
- 13F HOLDINGS REPORTQ/E Sep 202582 pos · $130.4M
- 13F HOLDINGS REPORTQ/E Jun 202578 pos · $118.1M
- 13F HOLDINGS REPORTQ/E Mar 202569 pos · $100.2M
- 13F HOLDINGS REPORTQ/E Dec 202469 pos · $100.6M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287671 | 92,617 | $15.6M | 12.26% |
| 2 | ISHARES TR | 464287663 | 140,995 | $14.5M | 11.39% |
| 3 | FIDELITY COVINGTON TRUST | 316092113 | 299,546 | $11.4M | 9.01% |
| 4 | INVESCO EXCHANGE TRADED FD T | IVZ | 49,881 | $9.6M | 7.53% |
| 5 | ISHARES TR | 464287887 | 51,334 | $7.2M | 5.71% |
| 6 | ISHARES TR | 464287879 | 62,800 | $7.1M | 5.63% |
| 7 | GOLDMAN SACHS ETF TR | NVGLF | 48,513 | $6.4M | 5.06% |
| 8 | ISHARES TR | 464287804 | 38,229 | $4.6M | 3.62% |
| 9 | INVESCO QQQ TR | IVZ | 6,250 | $3.8M | 3.03% |
| 10 | SPDR S&P 500 ETF TR | SPY | 4,826 | $3.3M | 2.59% |
| 11 | ISHARES TR | 464287614 | 6,153 | $2.9M | 2.30% |
| 12 | BLACKROCK ETF TRUST | BLK | 98,545 | $2.8M | 2.24% |
| 13 | ISHARES TR | 464287598 | 12,310 | $2.6M | 2.04% |
| 14 | APPLE INC | AAPL | 9,059 | $2.5M | 1.94% |
| 15 | INTERNATIONAL BUSINESS MACHS | INTR | 7,830 | $2.3M | 1.83% |
| 16 | FIDELITY MERRIMACK STR TR | 316188309 | 48,992 | $2.3M | 1.78% |
| 17 | ISHARES TR | 464287200 | 3,108 | $2.1M | 1.68% |
| 18 | AMAZON COM INC | AMZN | 7,898 | $1.8M | 1.44% |
| 19 | MICROSOFT CORP | MSFT | 3,308 | $1.6M | 1.26% |
| 20 | ALERUS FINL CORP | 01446U103 | 67,339 | $1.5M | 1.20% |