Carlson Capital Management

CIK

1581298

Location

NORTHFIELD, MN

Portfolio Value

Mid $2,291,122,358

Diversification

Moderately concentrated

Filing Date

Global Rank

#1,229 / 8,182 ▼ 57 · as of Dec 2024

Top Industry

Consumer Electronics 15.2%

Period ended 1 year ago

Filed Feb 10, 2025 · 1y

20 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

Unknown

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2024, never from the firm's own description.

Style

Concentrated

The top 10 positions are 94.9% of the book (60%+)

Turnover

Medium turnover

40.7% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 11.4 quarters, but 25.6% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 92.6%; sector active share 83.3% against the combined 13F book's sector weights.

Over time 20 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

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

Top Position

39.7%

−0.6 pts

Top 5

78.8%

−0.1 pts

Top 10

94.9%

−0.1 pts

HHI

2,052

Moderately concentrated−41

Portfolio Trend

20 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2024

Sector	% Portfolio	Value	Positions
Unclassified	95.8%	$2,195,956,043	57
Technology	1.6%	$37,227,787	8
Healthcare	0.8%	$17,276,326	10
Industrials	0.6%	$13,188,423	9
Consumer Cyclical	0.3%	$7,939,586	5
Financial Services	0.3%	$7,481,569	8
Basic Materials	0.2%	$4,050,181	2
Communication Services	0.1%	$3,140,402	3
Consumer Defensive	0.1%	$2,611,079	6
Energy	0.1%	$1,520,037	2
Real Estate	0.0%	$404,331	1
Utilities	0.0%	$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
SFGV	Sequoia Global Value ETF	+772,394	33,332,105	$909,299,824
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	+207,586	2,282,489	$176,367,925
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	+142,984	2,981,093	$232,555,064
IQLT	iShares MSCI Intl Quality Factor ETF	+49,822	165,362	$6,138,237
ICOW	Pacer Developed Markets International Cash Cows 100 ETF	+32,518	1,479,824	$43,196,062
VNQ	VANGUARD REAL ESTATE INDEX FUND	+22,097	297,951	$26,541,475
SCHX	Schwab U.S. Large-Cap ETF	+20,928	31,392	$727,666
AVEM	Avantis Emerging Markets Equity ETF	+20,477	81,153	$4,770,984
DIHP	Dimensional International High Profitability ETF	+16,451	3,912,589	$98,714,620
DFSU	Dimensional US Sustainability Core 1 ETF	+16,028	75,409	$2,858,001
AAPL	Apple Inc.	+12,718	57,832	$14,482,289
DFIV	Dimensional International Value ETF	+12,468	104,963	$3,724,087
SCHF	Schwab International Equity ETF	+9,839	20,809	$384,966
DFSI	Dimensional International Sustainability Core 1 ETF	+8,498	31,429	$1,032,442
SCHG	Schwab U.S. Large-Cap Growth ETF	+6,300	8,400	$234,108
AVUV	Avantis U.S. Small Cap Value ETF	+5,955	781,089	$75,398,521
VEA	Vanguard FTSE Developed Markets ETF	+5,820	400,526	$19,153,153
AVDV	Avantis International Small Cap Value ETF	+5,587	570,294	$37,114,733
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	+2,280	12,683	$420,200
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	+1,732	2,235,787	$58,555,261
NVDA	Nvidia Corp	+1,672	10,380	$1,393,930
SUB	iShares Short-Term National Muni Bond ETF	+1,419	8,853	$933,814
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
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
—		−172,758	5,315,101	$291,905,346
COWZ	Pacer US Cash Cows 100 ETF	−28,790	1,703,034	$96,187,360
DFAR	Dimensional US Real Estate ETF	−26,078	79,064	$1,839,819
AVRE	Avantis Real Estate ETF	−13,358	128,552	$5,388,899
DUHP	Dimensional US High Profitability ETF	−6,422	74,307	$2,510,833
ABT	Abbott Laboratories	−6,265	1,977	$223,618
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	−4,820	292,047	$16,991,294
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−4,572	163,822	$47,477,253
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	−4,132	42,685	$1,879,847
TGT	Target Corp	−4,008	2,293	$309,967
DFAT	Dimensional U.S. Targeted Value ETF	−3,874	99,247	$5,524,088
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
VV	VANGUARD LARGE-CAP INDEX FUND	−1,213	29,893	$8,062,142
—		−1,074	10,206	$235,513
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
ITOT	iShares Core S&P Total U.S. Stock Market ETF	−351	4,830	$621,234
DFUS	Dimensional U.S. Equity Market ETF	−335	4,099	$261,311
PEP	Pepsico Inc	−269	3,450	$524,607
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
DISV	Dimensional International Small Cap Value ETF	24,337	$646,634
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

6 positions

Ticker	Company	Shares	Value
DHR	Danaher Corp	2,364	$657,239
USIG	iShares Broad USD Investment Grade Corporate Bond ETF	6,211	$326,574
MCD	Mcdonalds Corp	827	$251,829
SCHO	Schwab Short-Term U.S. Treasury ETF	4,817	$235,936
OXY	Occidental Petroleum Corp	3,959	$204,046
ACWV	iShares Trust	2,055	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

112 tracked positions · $2,291,122,358 total · filing declares 112 positions · $2,291,142,639 · 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 112 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SFGV	Sequoia Global Value ETF	Added	33,332,105	+772,394	$909,299,824	−4.1%	4	unpriced	39.69%
		Reduced	5,315,101	-172,758	$291,905,346	−6.2%	14	$43.37	12.74%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	Added	2,981,093	+142,984	$232,555,064	+3.2%	20+	before history	10.15%
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	Added	2,282,489	+207,586	$176,367,925	+8.0%	20+	before history	7.70%
DIHP	Dimensional International High Profitability ETF	Added	3,912,589	+16,451	$98,714,620	−8.5%	11	$23.02	4.31%
COWZ	Pacer US Cash Cows 100 ETF	Reduced	1,703,034	-28,790	$96,187,360	−4.0%	14	$47.53	4.20%
AVUV	Avantis U.S. Small Cap Value ETF	Added	781,089	+5,955	$75,398,521	+1.4%	17	$77.22	3.29%
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	Added	2,235,787	+1,732	$58,555,261	−6.9%	11	$23.81	2.56%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	163,822	-4,572	$47,477,253	−0.4%	20+	before history	2.07%
ICOW	Pacer Developed Markets International Cash Cows 100 ETF	Added	1,479,824	+32,518	$43,196,062	−5.6%	14	$29.94	1.89%
AVDV	Avantis International Small Cap Value ETF	Added	570,294	+5,587	$37,114,733	−7.0%	17	$58.47	1.62%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	297,951	+22,097	$26,541,475	−1.2%	20+	before history	1.16%
VEA	Vanguard FTSE Developed Markets ETF	Added	400,526	+5,820	$19,153,153	−8.1%	20+	before history	0.84%
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	Reduced	292,047	-4,820	$16,991,294	−3.0%	12	$58.01	0.74%
AAPL	Apple Inc. Technology	Added	57,832	+12,718	$14,482,289	+37.8%	20+	before history	0.63%
UNH	Unitedhealth Group Inc Healthcare	Reduced	26,524	-1,415	$13,417,430	−17.9%	20+	before history	0.59%
ACN	Accenture plc Technology	Reduced	31,020	-161	$10,912,525	−1.0%	14	$325.15	0.48%
VV	VANGUARD LARGE-CAP INDEX FUND	Reduced	29,893	-1,213	$8,062,142	−1.6%	20+	before history	0.35%
MMM	3M Co Industrials	Reduced	60,084	-352	$7,756,243	−6.1%	20+	before history	0.34%
MSFT	Microsoft Corp Technology	Reduced	18,097	-1,514	$7,627,885	−9.6%	20+	before history	0.33%
IQLT	iShares MSCI Intl Quality Factor ETF	Added	165,362	+49,822	$6,138,237	+28.0%	13	unpriced	0.27%
DFAT	Dimensional U.S. Targeted Value ETF	Reduced	99,247	-3,874	$5,524,088	−3.7%	15	unpriced	0.24%
AVRE	Avantis Real Estate ETF	Reduced	128,552	-13,358	$5,388,899	−19.4%	5	$39.16	0.24%
AVEM	Avantis Emerging Markets Equity ETF	Added	81,153	+20,477	$4,770,984	+21.7%	14	$55.14	0.21%
DFIV	Dimensional International Value ETF	Added	104,963	+12,468	$3,724,087	+5.7%	14	unpriced	0.16%
TSLA	Tesla, Inc. Consumer Cyclical	Added	8,526	+132	$3,443,139	+56.8%	8	$250.03	0.15%
SHW	Sherwin Williams Co Basic Materials	Reduced	9,748	-799	$3,313,637	−17.7%	12	$269.13	0.14%
DFSU	Dimensional US Sustainability Core 1 ETF	Added	75,409	+16,028	$2,858,001	+29.5%	7	$32.95	0.12%
IAU	Ishares Gold Trust	Added	57,334	+100	$2,838,606	−0.2%	10	$32.82	0.12%
HBAN	Huntington Bancshares Inc Financial Services	Added	163,575	+692	$2,661,365	+11.2%	15	$15.28	0.12%
DUHP	Dimensional US High Profitability ETF	Reduced	74,307	-6,422	$2,510,833	−8.7%	11	$24.52	0.11%
GGG	Graco Inc Industrials	Added	26,699	+200	$2,250,458	−3.0%	20+	before history	0.10%
AMZN	Amazon Com Inc Consumer Cyclical	Added	10,178	+710	$2,232,951	+26.6%	20+	before history	0.10%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	4,917	+54	$2,228,777	−0.4%	20+	before history	0.10%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	42,685	-4,132	$1,879,847	−16.1%	20+	before history	0.08%
DFAR	Dimensional US Real Estate ETF	Reduced	79,064	-26,078	$1,839,819	−31.8%	10	$21.63	0.08%
AVGO	Broadcom Inc. Technology	Added	7,433	+451	$1,723,266	+43.1%	19	unpriced	0.08%
DFUV	Dimensional U.S. Marketwide Value ETF	Added	37,278	+213	$1,525,415	−1.3%	11	$33.33	0.07%
NVDA	Nvidia Corp Technology	Added	10,380	+1,672	$1,393,930	+31.8%	15	unpriced	0.06%
VIG	Vanguard Specialized Funds	Added	6,874	+63	$1,346,135	−0.2%	13	$164.26	0.06%
IWO	iShares Russell 2000 Growth ETF	Held	4,501	0	$1,295,477	+1.3%	14	unpriced	0.06%
VTV	VANGUARD VALUE INDEX FUND	Reduced	7,333	-139	$1,241,476	−4.8%	20+	before history	0.05%
HON	Honeywell International Inc Industrials	Reduced	5,355	-10	$1,209,640	+9.1%	20+	before history	0.05%
META	Meta Platforms, Inc. Communication Services	Added	1,896	+118	$1,110,126	+9.1%	20+	before history	0.05%
GOOGL	Alphabet Inc. Communication Services	Reduced	5,683	-42	$1,075,791	+13.3%	20+	before history	0.05%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Added	5,331	+66	$1,056,497	−0.1%	20+	before history	0.05%
XOM	ExxonMobil Holdings Corp Energy	Added	9,620	+191	$1,034,823	−6.4%	20+	before history	0.05%
DFSI	Dimensional International Sustainability Core 1 ETF	Added	31,429	+8,498	$1,032,442	+26.0%	7	$31.92	0.05%
SPY	Spdr S&P 500 ETF Trust	Added	1,656	+360	$970,548	+30.5%	20+	before history	0.04%
IEFA	iShares Core MSCI EAFE ETF	Held	13,721	0	$964,311	−10.0%	20+	before history	0.04%

Showing the top 50 of 112 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.