Accredited Investors Inc.

Registered adviser

CIK

1518364

Location

EDINA, MN

Portfolio Value

Mid $2,292,954,643

Diversification

Diversified

Filing Date

Global Rank

#1,467 / 8,827 ▲ 62 · as of Jun 2026

Top Industry

Insurance - Diversified 14.6%

Period ended 37 days ago

Filed Nov 3, 2026 · 3d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 105439

Roster of Nov 1, 2026

Regulatory AUM

$4,412,886,238

Main clients

Individuals and high net worth (99% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$4,412,886,238	Individuals and high net worth (99%)
Apr 2025 to Mar 2026	$3,715,189,973	Individuals and high net worth (100%)
Apr 2024 to Mar 2025	$3,359,362,288	Individuals and high net worth (100%)
May 2023 to Mar 2024	$2,956,361,600	Individuals and high net worth (99%)
Apr 2023	$2,956,361,600	Individuals and high net worth (99%)
Apr 2022 to Mar 2023	$3,383,260,611	Individuals and high net worth (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 79.0% of the book (60%+)

Turnover

Low turnover

12.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.3 quarters (12+), a floor since 54.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 77.6%; sector active share 57.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

301 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

27.2%

−0.1 pts

Top 5

63.2%

+2.9 pts

Top 10

80.2%

+1.1 pts

HHI

1,166

Diversified+30

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	71.8%	$1,646,942,602	119
Financial Services	9.6%	$219,430,532	37
Technology	6.3%	$144,648,006	33
Industrials	5.2%	$118,625,161	35
Consumer Cyclical	2.9%	$65,615,913	11
Communication Services	1.8%	$40,319,794	8
Healthcare	1.3%	$30,246,053	28
Consumer Defensive	0.7%	$15,233,378	12
Energy	0.3%	$6,307,757	6
Basic Materials	0.1%	$2,550,664	4
Utilities	0.1%	$2,262,249	4
Real Estate	0.0%	$772,534	4

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VEU	Vanguard International Equity Index Funds	+502,871	2,150,898	$178,460,007
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	+376,832	1,391,218	$68,475,749
VTV	VANGUARD VALUE INDEX FUND	+58,744	642,742	$138,883,691
IJR	iShares Core S&P Small-Cap ETF	+31,431	706,246	$96,077,705
IWM	iShares Russell 2000 ETF	+24,948	390,718	$108,576,625
IJH	iShares Core S&P Mid-Cap ETF	+20,821	1,415,735	$101,862,133
SCHF	Schwab International Equity ETF	+16,224	37,220	$1,022,433
SCHK	Schwab 1000 Index ETF	+15,554	24,307	$891,094
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	+7,974	310,124	$16,126,448
IVV	iShares Core S&P 500 ETF	+7,912	146,088	$111,881,494
APH	Amphenol Corp	+6,812	13,594	$1,145,974
IWF	iShares Russell 1000 Growth ETF	+6,534	370,336	$46,388,287
BKLC	BNY Mellon US Large Cap Core Equity ETF	+6,140	9,210	$450,000
MLI	Mueller Industries Inc	+4,990	9,936	$602,220
BRK-B	Berkshire Hathaway Inc	+4,293	55,595	$27,683,530
BKSE	BNY Mellon US Small Cap Core Equity ETF	+4,096	6,144	$255,221
USB	US Bancorp De	+3,628	61,233	$3,536,818
FAST	Fastenal Co	+3,590	32,633	$1,616,312
—		+3,588	55,856	$0
VB	Vanguard Index Funds	+3,441	28,165	$8,012,660
MMM	3M Co	+2,882	32,568	$5,346,037
BROS	Dutch Bros Inc.	+2,788	7,888	$304,161
INTC	Intel Corp	+2,669	8,625	$1,036,983
ORCL	Oracle Corp	+2,547	14,643	$2,010,483
CSCO	Cisco Systems, Inc.	+2,546	15,497	$1,667,942
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHB	Schwab U.S. Broad Market ETF	−144,553	4,299,293	$126,012,277
EAGG	iShares ESG Aware U.S. Aggregate Bond ETF	−38,173	248,113	$11,227,113
PDI	PIMCO Dynamic Income Fund	−23,818	21,714	$304,647
SEZL	Sezzle Inc.	−18,967	788,475	$85,186,839
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	−17,243	49,025	$4,255,370
TCMD	Tactile Systems Technology Inc	−16,448	78,432	$1,748,249
SUSB	iShares ESG Aware 1-5 Year USD Corporate Bond ETF	−14,032	149,257	$3,646,348
EFA	iShares MSCI EAFE ETF	−13,773	532,894	$55,362,357
VO	VANGUARD MID-CAP INDEX FUND	−12,681	95,121	$7,459,388
FNDA	Schwab Strategic Trust	−10,020	256,432	$8,975,120
AGG	iShares Core U.S. Aggregate Bond ETF	−9,149	22,957	$2,170,354
EFV	iShares MSCI EAFE Value ETF	−7,747	223,779	$17,709,870
AVDV	Avantis International Small Cap Value ETF	−6,351	2,679,024	$293,031,645
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	−5,852	219,282	$34,613,663
SCHX	Schwab U.S. Large-Cap ETF	−4,468	11,574	$347,220
DAL	Delta Air Lines, Inc.	−4,380	2,834	$236,525
VXUS	Vanguard Total International Stock ETF	−4,224	38,083	$3,235,531
ABT	Abbott Laboratories	−3,973	9,945	$982,864
GWX	State Street(R) SPDR(R) S&P(R) International Small Cap ETF	−3,740	38,415	$1,750,571
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	−2,754	698,970	$42,728,036
PRFZ	Invesco RAFI US 1500 Small-Mid ETF	−1,867	159,848	$8,364,845
ESGD	iShares ESG Aware MSCI EAFE ETF	−1,642	61,557	$6,343,448
MUB	iShares National Muni Bond ETF	−1,520	5,055	$511,060
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	−1,182	98,560	$9,131,584
OEF	iShares S&P 100 ETF	−1,091	1,723	$658,323
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 positions

Ticker	Company	Shares	Value
TXN	Texas Instruments Inc	1,978	$554,018
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	6,252	$438,577
BLK	BlackRock, Inc.	414	$438,132
RUNN	Strategic Trust Running Oak Efficient Growth ETF	12,529	$407,192
GD	General Dynamics Corp	1,197	$397,200
CVRX	CVRx, Inc.	200,000	$350,000
RY	Royal Bank Of Canada	1,649	$324,176
BDX	Becton Dickinson & Co	1,801	$322,379
HON	Honeywell International Inc	1,524	$321,472
PLTR	Palantir Technologies Inc.	1,300	$243,165
HSY	Hershey Co	1,484	$233,893
ASML	Asml Holding NV	122	$221,023
NATR	Natures Sunshine Products Inc	16,691	$211,808
AMT	American Tower Corp	1,280	$209,523
SEIC	Sei Investments Co	2,014	$206,757
RVMD	Revolution Medicines, Inc.	1,000	$205,260
VZ	Verizon Communications Inc	4,376	$200,727
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
CRS	Carpenter Technology Corp	469	$289,297
SEDG	Solaredge Technologies, Inc.	4,840	$282,849
SLV	iShares Silver Trust	4,757	$254,356
TPR	Tapestry, Inc.	1,684	$246,503
FICO	Fair Isaac Corp	206	$246,124
HRL	Hormel Foods Corp	9,648	$239,463
DLR	Digital Realty Trust, Inc.	1,277	$229,323
LMT	Lockheed Martin Corp	447	$227,728
CCJ	Cameco Corp	2,171	$221,138
ZTS	Zoetis Inc.	3,053	$219,388
VIK	Viking Holdings Ltd	2,000	$209,340
PHM	Pultegroup Inc	1,500	$205,815
DGRW	WisdomTree U.S. Quality Dividend Growth Fund	2,150	$205,583
KMB	Kimberly Clark Corp	1,864	$204,611
NEE	Nextera Energy Inc	2,296	$201,519
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

301 tracked positions · $2,292,954,643 total · filing declares 301 positions · $2,329,166,359 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 301 positions by value · page 1 of 7

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AVDV	Avantis International Small Cap Value ETF	Reduced	2,679,024	-6,351	$293,031,645	+5.9%	12.78%
VEU	Vanguard International Equity Index Funds	Added	2,150,898	+502,871	$178,460,007	+29.3%	7.78%
VTV	VANGUARD VALUE INDEX FUND	Added	642,742	+58,744	$138,883,691	+9.1%	6.06%
SCHB	Schwab U.S. Broad Market ETF	Reduced	4,299,293	-144,553	$126,012,277	−2.1%	5.50%
IVV	iShares Core S&P 500 ETF	Added	146,088	+7,912	$111,881,494	+8.1%	4.88%
IWM	iShares Russell 2000 ETF	Added	390,718	+24,948	$108,576,625	−1.2%	4.74%
IJH	iShares Core S&P Mid-Cap ETF	Added	1,415,735	+20,821	$101,862,133	−5.3%	4.44%
IJR	iShares Core S&P Small-Cap ETF	Added	706,246	+31,431	$96,077,705	−4.0%	4.19%
SEZL	Sezzle Inc. Financial Services	Reduced	788,475	-18,967	$85,186,839	−38.5%	3.72%
UPS	United Parcel Service Inc Industrials	Reduced	783,762	-213	$73,234,721	−13.1%	3.19%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	Added	1,391,218	+376,832	$68,475,749	+34.4%	2.99%
AAPL	Apple Inc. Technology	Reduced	200,522	-1,025	$66,777,836	+14.5%	2.91%
BRK-A	Berkshire Hathaway Inc Financial Services	Reduced	89	-4	$66,483,445	−4.5%	2.90%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	234,801	-674	$58,500,669	+4.2%	2.55%
EFA	iShares MSCI EAFE ETF	Reduced	532,894	-13,773	$55,362,357	−2.5%	2.41%
IWF	iShares Russell 1000 Growth ETF	Added	370,336	+6,534	$46,388,287	+2.7%	2.02%
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	Reduced	698,970	-2,754	$42,728,036	+0.2%	1.86%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Reduced	219,282	-5,852	$34,613,663	−2.0%	1.51%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	55,595	+4,293	$27,683,530	+7.8%	1.21%
VEA	Vanguard FTSE Developed Markets ETF	Added	329,785	+1,214	$23,286,118	−0.5%	1.02%
MSFT	Microsoft Corp Technology	Added	41,277	+87	$21,170,973	+37.8%	0.92%
CHRW	C. H. Robinson Worldwide, Inc. Industrials	Added	133,223	+3	$19,711,675	−21.4%	0.86%
SPY	Spdr S&P 500 ETF Trust	Reduced	23,342	-15	$17,801,309	+2.1%	0.78%
EFV	iShares MSCI EAFE Value ETF	Reduced	223,779	-7,747	$17,709,870	−0.1%	0.77%
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	Added	310,124	+7,974	$16,126,448	−4.6%	0.70%
RBLX	Roblox Corp Communication Services	Held	376,574	0	$15,955,440	−22.1%	0.70%
NVDA	Nvidia Corp Technology	Added	64,965	+529	$14,836,706	+15.1%	0.65%
ADP	Automatic Data Processing Inc Technology	Added	52,745	+901	$13,611,374	+17.2%	0.59%
GOOG	Alphabet Inc. Communication Services	Reduced	35,831	-450	$12,209,054	−4.8%	0.53%
EAGG	iShares ESG Aware U.S. Aggregate Bond ETF	Reduced	248,113	-38,173	$11,227,113	−17.3%	0.49%
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	Reduced	98,560	-1,182	$9,131,584	+4.1%	0.40%
ONB	Old National Bancorp Financial Services	Added	366,671	+126	$9,034,773	−4.8%	0.39%
FNDA	Schwab Strategic Trust	Reduced	256,432	-10,020	$8,975,120	−11.5%	0.39%
DMXF	iShares ESG Advanced MSCI EAFE ETF	Reduced	100,724	-965	$8,526,286	−0.9%	0.37%
PRFZ	Invesco RAFI US 1500 Small-Mid ETF	Reduced	159,848	-1,867	$8,364,845	−7.3%	0.36%
VB	Vanguard Index Funds	Added	28,165	+3,441	$8,012,660	+6.9%	0.35%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	20,348	-45	$7,615,035	+0.9%	0.33%
VO	VANGUARD MID-CAP INDEX FUND	Reduced	95,121	-12,681	$7,459,388	−14.1%	0.33%
IWS	iShares Russell Mid-Cap Value ETF	Reduced	42,349	-646	$6,807,178	−3.8%	0.30%
ESGD	iShares ESG Aware MSCI EAFE ETF	Reduced	61,557	-1,642	$6,343,448	−2.4%	0.28%
GOOGL	Alphabet Inc. Communication Services	Added	17,551	+404	$6,038,948	−1.5%	0.26%
JPM	Jpmorgan Chase & Co Financial Services	Added	18,072	+561	$5,978,759	+4.3%	0.26%
VOO	VANGUARD 500 INDEX FUND	Added	8,372	+458	$5,867,599	+8.0%	0.26%
MMM	3M Co Industrials	Added	32,568	+2,882	$5,346,037	+11.2%	0.23%
USXF	iShares ESG Advanced MSCI USA ETF	Added	71,981	+884	$4,899,026	−0.8%	0.21%
UNH	Unitedhealth Group Inc Healthcare	Added	11,833	+14	$4,343,657	−11.6%	0.19%
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	Reduced	49,025	-17,243	$4,255,370	−27.5%	0.19%
QQQ	Invesco Qqq Trust, Series 1	Reduced	5,659	-554	$4,186,358	−8.5%	0.18%
META	Meta Platforms, Inc. Communication Services	Reduced	5,756	-514	$4,174,136	+18.2%	0.18%
SUSB	iShares ESG Aware 1-5 Year USD Corporate Bond ETF	Reduced	149,257	-14,032	$3,646,348	−10.6%	0.16%

Showing the top 50 of 301 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.