Institutional Manager · CIK 0002056342
Boulay Financial Advisors, LLC
EDEN PRAIRIE, MN · File #028-25552
Latest AUM
$850.5M
Positions
5
Top-10 Concentration
100.0%
Filings
5
Portfolio Value Over Time
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 | Schwab Strategic TR | 808524755 | +2,461,305 | +$111.3M | $0 |
| ADD | Schwab Strategic TR | 808524771 | +353,656 | +$9.6M | +$8.0M |
| REDUCE | Strategic Trust | 48817R870 | -152,445 | -$5.1M | -$3.1M |
| ADD | Ishares TR | 464289438 | +16,947 | +$4.7M | +$1.9M |
| ADD | VanEck ETF Trust | 92189F643 | +13,325 | +$1.4M | +$9.4M |
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20255 pos · $850.5M
- 13F HOLDINGS REPORT (Amended)Q/E Sep 20254 pos · $663.0M
- 13F HOLDINGS REPORTQ/E Sep 20254 pos · $712.4M
- 13F HOLDINGS REPORTQ/E Jun 20254 pos · $713.8M
- 13F HOLDINGS REPORTQ/E Mar 20252 pos · $299.3M
Top 5 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Schwab Strategic TR | 808524771 | 9,126,260 | $248.3M | 29.20% |
| 2 | VanEck ETF Trust | 92189F643 | 2,132,699 | $220.9M | 25.97% |
| 3 | Ishares TR | 464289438 | 589,152 | $163.2M | 19.18% |
| 4 | Schwab Strategic TR | 808524755 | 2,461,305 | $111.3M | 13.08% |
| 5 | Strategic Trust | 48817R870 | 3,204,936 | $106.9M | 12.56% |