Carlson Capital Management

CIK

1581298

Location

NORTHFIELD, MN

Portfolio Value

Micro $98,842,140

Diversification

Diversified

Filing Date

Global Rank

#5,437 / 8,041 ▼ 293 · as of Dec 2024

Top Industry

Consumer Electronics 15.4%

3Y Alpha vs SPY

-8.2%

Period ended 1 year ago

Filed Feb 10, 2025 · 1y

20 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+43.6%

SPY

+76.5%

Annualised alpha

-8.1%

Max drawdown

−16.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

57 positions · as of Dec 31, 2024 · Δ vs Sep 30, 2024

Top Position

14.7%

−1.6 pts

Top 5

54.8%

+0.5 pts

Top 10

69.5%

+1.5 pts

HHI

717

Diversified+13

Portfolio Trend

20 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2024

Sector	% Portfolio	Value	Positions
Technology	37.5%	$37,037,814	8
Healthcare	17.5%	$17,265,944	9
Industrials	13.2%	$13,018,612	9
Consumer Cyclical	8.0%	$7,939,586	5
Financial Services	7.6%	$7,481,569	8
Unclassified	5.1%	$5,000,476	4
Basic Materials	4.1%	$4,050,181	2
Consumer Defensive	2.6%	$2,611,079	6
Communication Services	2.2%	$2,185,917	2
Energy	1.5%	$1,520,037	2
Real Estate	0.4%	$404,331	1
Utilities	0.3%	$326,594	1

Last Quarter's Activity

Export CSV

Dec 31, 2024 vs Sep 30, 2024

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	+12,718	57,832	$14,482,289
NVDA	Nvidia Corp	+1,672	10,380	$1,393,930
IBRX	ImmunityBio, Inc.	+1,000	20,000	$51,200
XEL	Xcel Energy Inc	+986	4,837	$326,594
AMZN	Amazon Com Inc	+710	10,178	$2,232,951
HBAN	Huntington Bancshares Inc /Md/	+692	163,575	$2,661,365
ABBV	AbbVie Inc.	+454	2,029	$360,553
AVGO	Broadcom Inc.	+451	7,433	$1,723,266
JPM	Jpmorgan Chase & Co	+413	1,436	$344,223
WFC	Wells Fargo & Company/Mn	+370	11,016	$773,763
SPY	Spdr S&P 500 ETF Trust	+360	1,656	$970,548
IBM	International Business Machines Corp	+267	1,408	$309,520
CVX	Chevron Corp	+206	3,350	$485,214
GGG	Graco Inc	+200	26,699	$2,250,458
XOM	Exxon Mobil Corp	+191	9,620	$1,034,823
QQQ	Invesco Qqq Trust, Series 1	+183	1,860	$950,887
PG	PROCTER & GAMBLE Co	+167	1,411	$236,554
TSLA	Tesla, Inc.	+132	8,526	$3,443,139
META	Meta Platforms, Inc.	+118	1,896	$1,110,126
IAU	Ishares Gold Trust	+100	57,334	$2,838,606
V	Visa Inc.	+99	941	$297,393
FAST	Fastenal Co	+89	4,335	$155,864
JNJ	Johnson & Johnson	+55	3,494	$505,302
BRK-B	Berkshire Hathaway Inc	+54	4,917	$2,228,777
CHRW	C. H. Robinson Worldwide, Inc.	+30	5,992	$619,093
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
ABT	Abbott Laboratories	−6,265	1,977	$223,618
TGT	Target Corp	−4,008	2,293	$309,967
ABNB	Airbnb, Inc.	−2,794	6,038	$793,453
LLY	ELI LILLY & Co	−1,936	513	$396,036
MSFT	Microsoft Corp	−1,514	18,097	$7,627,885
UNH	Unitedhealth Group Inc	−1,415	26,524	$13,417,430
USB	US Bancorp De	−1,349	12,335	$589,983
FUL	Fuller H B Co	−836	10,915	$736,544
SHW	Sherwin Williams Co	−799	9,748	$3,313,637
WMT	Walmart Inc.	−425	7,074	$639,135
MMM	3M Co	−352	60,084	$7,756,243
PEP	Pepsico Inc	−269	3,450	$524,607
ACN	Accenture plc	−161	31,020	$10,912,525
JEF	Jefferies Financial Group Inc.	−124	3,876	$303,878
COST	Costco Wholesale Corp /New	−45	800	$733,016
GOOGL	Alphabet Inc.	−42	5,683	$1,075,791
SOLV	Solventum Corp	−37	10,890	$719,393
UNP	Union Pacific Corp	−26	1,483	$338,183
HON	Honeywell International Inc	−10	5,355	$1,195,694
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
AMP	Ameriprise Financial Inc	530	$282,187
CAT	Caterpillar Inc	604	$219,107
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
DHR	Danaher Corp /De/	2,364	$657,239
MCD	Mcdonalds Corp	827	$251,829
OXY	Occidental Petroleum Corp /De/	3,959	$204,046
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

57 positions · $98,842,140 total · as of Dec 31, 2024

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

Showing 1–50 of 57 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Added	57,832	+12,718	$14,482,289	+37.8%	14.65%
UNH	Unitedhealth Group Inc Healthcare	Reduced	26,524	-1,415	$13,417,430	−17.9%	13.57%
ACN	Accenture plc Technology	Reduced	31,020	-161	$10,912,525	−1.0%	11.04%
MMM	3M Co Industrials	Reduced	60,084	-352	$7,756,243	−6.1%	7.85%
MSFT	Microsoft Corp Technology	Reduced	18,097	-1,514	$7,627,885	−9.6%	7.72%
TSLA	Tesla, Inc. Consumer Cyclical	Added	8,526	+132	$3,443,139	+56.8%	3.48%
SHW	Sherwin Williams Co Basic Materials	Reduced	9,748	-799	$3,313,637	−17.7%	3.35%
IAU	Ishares Gold Trust	Added	57,334	+100	$2,838,606	−0.2%	2.87%
HBAN	Huntington Bancshares Inc /Md/ Financial Services	Added	163,575	+692	$2,661,365	+11.2%	2.69%
GGG	Graco Inc Industrials	Added	26,699	+200	$2,250,458	−3.0%	2.28%
AMZN	Amazon Com Inc Consumer Cyclical	Added	10,178	+710	$2,232,951	+26.6%	2.26%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	4,917	+54	$2,228,777	−0.4%	2.25%
AVGO	Broadcom Inc. Technology	Added	7,433	+451	$1,723,266	+43.1%	1.74%
NVDA	Nvidia Corp Technology	Added	10,380	+1,672	$1,393,930	+31.8%	1.41%
HON	Honeywell International Inc Industrials	Reduced	5,355	-10	$1,195,694	+9.1%	1.21%
META	Meta Platforms, Inc. Communication Services	Added	1,896	+118	$1,110,126	+9.1%	1.12%
GOOGL	Alphabet Inc. Communication Services	Reduced	5,683	-42	$1,075,791	+13.3%	1.09%
XOM	Exxon Mobil Corp Energy	Added	9,620	+191	$1,034,823	−6.4%	1.05%
SPY	Spdr S&P 500 ETF Trust	Added	1,656	+360	$970,548	+30.5%	0.98%
QQQ	Invesco Qqq Trust, Series 1	Added	1,860	+183	$950,887	+16.2%	0.96%
MCK	Mckesson Corp Healthcare	Added	1,635	+5	$931,802	+15.6%	0.94%
HRB	H&R Block Inc Consumer Cyclical	Held	17,400	0	$919,416	−16.9%	0.93%
ABNB	Airbnb, Inc. Consumer Cyclical	Reduced	6,038	-2,794	$793,453	−29.2%	0.80%
WFC	Wells Fargo & Company/Mn Financial Services	Added	11,016	+370	$773,763	+28.7%	0.78%
FUL	Fuller H B Co Basic Materials	Reduced	10,915	-836	$736,544	−21.0%	0.75%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	800	-45	$733,016	−2.1%	0.74%
SOLV	Solventum Corp Healthcare	Reduced	10,890	-37	$719,393	−5.6%	0.73%
BSX	Boston Scientific Corp Healthcare	Held	7,396	0	$660,610	+6.6%	0.67%
WMT	Walmart Inc. Consumer Defensive	Reduced	7,074	-425	$639,135	+5.5%	0.65%
CHRW	C. H. Robinson Worldwide, Inc. Industrials	Added	5,992	+30	$619,093	−5.9%	0.63%
USB	US Bancorp De Financial Services	Reduced	12,335	-1,349	$589,983	−5.7%	0.60%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Added	1,974	+4	$550,627	+12.4%	0.56%
BMI	Badger Meter Inc Technology	Held	2,550	0	$540,906	−2.9%	0.55%
PEP	Pepsico Inc Consumer Defensive	Reduced	3,450	-269	$524,607	−17.0%	0.53%
JNJ	Johnson & Johnson Healthcare	Added	3,494	+55	$505,302	−9.3%	0.51%
CVX	Chevron Corp Energy	Added	3,350	+206	$485,214	+4.8%	0.49%
AHR	American Healthcare REIT, Inc. Real Estate	Held	14,227	0	$404,331	+8.9%	0.41%
LLY	ELI LILLY & Co Healthcare	Reduced	513	-1,936	$396,036	−81.7%	0.40%
ABBV	AbbVie Inc. Healthcare	Added	2,029	+454	$360,553	+15.9%	0.36%
JPM	Jpmorgan Chase & Co Financial Services	Added	1,436	+413	$344,223	+59.6%	0.35%
UNP	Union Pacific Corp Industrials	Reduced	1,483	-26	$338,183	−9.1%	0.34%
XEL	Xcel Energy Inc Utilities	Added	4,837	+986	$326,594	+29.9%	0.33%
TGT	Target Corp Consumer Defensive	Reduced	2,293	-4,008	$309,967	−68.4%	0.31%
IBM	International Business Machines Corp Technology	Added	1,408	+267	$309,520	+22.7%	0.31%
JEF	Jefferies Financial Group Inc. Financial Services	Reduced	3,876	-124	$303,878	+23.4%	0.31%
V	Visa Inc. Financial Services	Added	941	+99	$297,393	+28.5%	0.30%
AMP	Ameriprise Financial Inc Financial Services	NEW	530	NEW	$282,187	NEW	0.29%
DE	Deere & Co Industrials	Held	625	0	$264,812	+1.5%	0.27%
GLD	Spdr Gold Trust	Added	993	+3	$240,435	−0.1%	0.24%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	1,411	+167	$236,554	+9.8%	0.24%