Vermillion Wealth Management, Inc.

Registered adviser

CIK

1737012

Location

ROSEMOUNT, MN

Portfolio Value

Micro $59,507,261

Diversification

Highly concentrated

Filing Date

Global Rank

#5,597 / 8,827 ▼ 266 · as of Jun 2026

Top Industry

Drug Manufacturers - General 19.6%

Period ended 38 days ago

Filed Oct 26, 2026 · 12d

8 quarters · since Dec 2024

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 281978

Roster of Nov 1, 2026

Regulatory AUM

$459,879,287

Main clients

Individuals and high net worth (100% 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
Jul 2026 to Nov 2026	$459,879,287	Individuals and high net worth (100%)
Feb 2026 to Jun 2026	$433,423,433	Individuals and high net worth (97%)
Dec 2025 to Jan 2026	$364,047,827	Individuals and high net worth (97%)
Feb 2025 to Sep 2025	$340,213,891	Individuals and high net worth (98%)
Feb 2024 to Jan 2025	$307,910,819	Individuals and high net worth (98%)
May 2023 to Jan 2024	$268,169,361	Individuals and high net worth (97%)

9 earlier changes not shown.

Stated strategy

Fundamental active, Wealth management / planning Form ADV Part 2A, Jun 18, 2026 · original

In the firm's words

Fundamental active: Our methods of analysis for IPO investments involve a fundamental assessment of the issuing company’s business model, management team, industry dynamics, and financial valuation to determine if the offering aligns with a client’s investment objectives and risk tolerance.
Wealth management / planning: The investment strategy for a specific client is based upon the objectives stated by the client during consultations.

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 82.3% of the book (60%+)

Turnover

Low turnover

10.4% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 6.9 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 82.5%; sector active share 72.7% against the combined 13F book's sector weights.

Over time 7 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

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

Top Position

53.2%

+0.6 pts

Top 5

74.9%

+1.1 pts

Top 10

84.6%

+2.3 pts

HHI

3,025

Highly concentrated+104

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	83.3%	$49,586,786	100
Technology	4.4%	$2,593,129	20
Healthcare	3.6%	$2,170,172	18
Industrials	2.2%	$1,314,484	23
Financial Services	2.2%	$1,308,029	10
Consumer Cyclical	1.3%	$801,028	8
Consumer Defensive	1.3%	$791,440	10
Energy	0.5%	$287,579	11
Communication Services	0.4%	$266,489	7
Basic Materials	0.3%	$196,614	3
Utilities	0.3%	$185,419	5
Real Estate	0.0%	$6,092	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
SMMT	Summit Therapeutics Inc.	+1,000	2,000	$33,820
CRWD	CrowdStrike Holdings, Inc.	+100	200	$52,950
APLD	Applied Digital Corp.	+79	1,000	$24,370
MU	Micron Technology Inc	+75	100	$106,511
CF	CF Industries Holdings, Inc.	+5	1,097	$126,374
DLX	Deluxe Corp	+5	391	$8,981
IYT	iShares U.S. Transportation ETF	+2	872	$68,469
OXY	Occidental Petroleum Corp	+2	422	$23,345
—		+2	986	$0
IYE	iShares U.S. Energy ETF	+1	206	$13,348
MDY	Spdr S&P Midcap 400 ETF Trust	+1	191	$125,431
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
DFUS	Dimensional U.S. Equity Market ETF	−527,857	153,196	$12,719,863
DFCF	Dimensional Core Fixed Income ETF	−340,820	141,260	$5,667,351
DFAI	Dimensional International Core Equity Market ETF	−275,875	77,654	$3,217,205
DFGX	Dimensional International Core Fixed Income ETF	−243,022	114,006	$5,830,152
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−223,389	96,357	$6,759,443
DFAE	Dimensional Emerging Core Equity Market ETF	−145,888	42,191	$1,658,528
SCHD	Schwab U.S. Dividend Equity ETF	−124,298	40,809	$1,327,516
DFAS	Dimensional U.S. Small Cap ETF	−96,564	22,692	$1,756,814
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	−88,812	19,778	$2,485,501
SCHX	Schwab U.S. Large-Cap ETF	−48,834	5,456	$163,680
DFAC	Dimensional U.S. Core Equity 2 ETF	−32,710	3,833	$170,376
DFIS	Dimensional International Small Cap ETF	−30,707	8,912	$322,881
HRL	Hormel Foods Corp	−25,766	503	$10,029
VNQ	VANGUARD REAL ESTATE INDEX FUND	−22,070	6,575	$589,317
VIG	Vanguard Specialized Funds	−21,754	4,929	$1,149,984
SCHG	Schwab U.S. Large-Cap Growth ETF	−21,396	139	$4,994
SCHF	Schwab International Equity ETF	−20,855	68	$1,867
PICK	iShares MSCI Global Metals & Mining Producers ETF	−20,192	4,520	$271,019
DFAT	Dimensional U.S. Targeted Value ETF	−19,287	4,049	$269,015
XEL	Xcel Energy Inc	−14,606	1,150	$81,052
XME	State Street(R) SPDR(R) S&P(R) Metals & Mining ETF	−12,536	2,333	$241,605
DYNF	iShares U.S. Equity Factor Rotation Active ETF	−11,195	2,625	$181,807
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	−11,079	2,385	$370,152
VTWG	VANGUARD RUSSELL 2000 GROWTH INDEX FUND	−10,300	3,204	$834,898
VTWO	VANGUARD RUSSELL 2000 INDEX FUND	−9,110	1,557	$174,757
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 positions

Ticker	Company	Shares	Value
CRWV	CoreWeave, Inc.	1,000	$87,120
DELL	Dell Technologies Inc.	100	$53,795
NBIS	Nebius Group N.V.	100	$23,588
SMTH	ALPS \| Smith Core Plus Bond ETF	218	$5,349
USVM	VictoryShares US Small Mid Cap Value Momentum ETF	48	$4,955
JMOM	JPMorgan U.S. Momentum Factor ETF	54	$4,500
AVLV	Avantis U.S. Large Cap Value ETF	48	$4,341
GOVT	iShares U.S. Treasury Bond ETF	155	$3,389
IMTM	iShares MSCI Intl Momentum Factor ETF	57	$2,999
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	132	$2,547
SPHQ	Invesco S&P 500 Quality ETF	28	$2,354
UYLD	Angel Oak UltraShort Income ETF	39	$1,978
FUN	Six Flags Entertainment Corporation	99	$1,060
FLIA	Franklin International Aggregate Bond ETF	47	$940
AVDE	Avantis International Equity ETF	7	$630
JPST	JPMorgan Ultra-Short Income ETF	11	$554
NBCM	Neuberger Commodity Strategy ETF	11	$340
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
DFNM	Dimensional National Municipal Bond ETF	73,634	$3,559,099
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	48,257	$2,440,839
DFSB	Dimensional Global Sustainability Fixed Income ETF	29,868	$1,556,421
DFSU	Dimensional US Sustainability Core 1 ETF	24,284	$1,132,362
DFIC	Dimensional International Core Equity 2 ETF	16,443	$612,666
DFSI	Dimensional International Sustainability Core 1 ETF	11,940	$538,494
ECL	Ecolab Inc.	1,658	$461,934
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	17,891	$441,191
FPE	First Trust Preferred Securities and Income ETF	24,322	$434,877
SCHZ	Schwab U.S. Aggregate Bond ETF	18,287	$422,977
GLDM	World Gold Trust	4,370	$347,065
TRV	Travelers Companies, Inc.	1,031	$340,353
NVT	nVent Electric plc	1,942	$329,382
BNDX	Vanguard Total International Bond ETF	5,925	$286,947
V	Visa Inc.	829	$284,421
MDT	Medtronic plc	3,314	$259,253
ORCL	Oracle Corp	1,689	$247,522
IGM	iShares Expanded Tech Sector ETF	1,489	$243,570
FLRN	State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF	7,891	$243,436
NMS	Nuveen Minnesota Quality Municipal Income Fund	18,718	$226,674
VIGI	Vanguard Whitehall Funds	2,421	$226,072
STX	Seagate Technology Holdings plc	227	$219,055
BOND	PIMCO Active Bond Exchange-Traded Fund	2,359	$217,523
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	4,126	$201,678
VB	Vanguard Index Funds	649	$196,724
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

216 tracked positions · $59,507,261 total · filing declares 624 positions · $87,379,192 · 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 216 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
DFUS	Dimensional U.S. Equity Market ETF	Reduced	153,196	-527,857	$12,719,863	−77.2%	21.38%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Reduced	96,357	-223,389	$6,759,443	−71.2%	11.36%
DFGX	Dimensional International Core Fixed Income ETF	Reduced	114,006	-243,022	$5,830,152	−69.5%	9.80%
DFCF	Dimensional Core Fixed Income ETF	Reduced	141,260	-340,820	$5,667,351	−72.1%	9.52%
DFAI	Dimensional International Core Equity Market ETF	Reduced	77,654	-275,875	$3,217,205	−77.9%	5.41%
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	Reduced	19,778	-88,812	$2,485,501	−80.8%	4.18%
DFAS	Dimensional U.S. Small Cap ETF	Reduced	22,692	-96,564	$1,756,814	−82.1%	2.95%
DFAE	Dimensional Emerging Core Equity Market ETF	Reduced	42,191	-145,888	$1,658,528	−78.1%	2.79%
LLY	ELI LILLY & Co Healthcare	Reduced	1,404	-1,549	$1,624,540	−54.1%	2.73%
SCHD	Schwab U.S. Dividend Equity ETF	Reduced	40,809	-124,298	$1,327,516	−74.6%	2.23%
NVDA	Nvidia Corp Technology	Reduced	5,166	-4,392	$1,179,811	−38.3%	1.98%
VIG	Vanguard Specialized Funds	Reduced	4,929	-21,754	$1,149,984	−81.8%	1.93%
VTWG	VANGUARD RUSSELL 2000 GROWTH INDEX FUND	Reduced	3,204	-10,300	$834,898	−78.5%	1.40%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	1,363	-9,068	$678,705	−87.0%	1.14%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	2,480	-1,412	$617,892	−33.4%	1.04%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Reduced	6,575	-22,070	$589,317	−78.7%	0.99%
AAPL	Apple Inc. Technology	Reduced	1,649	-7,438	$549,149	−79.1%	0.92%
VOO	VANGUARD 500 INDEX FUND	Reduced	769	-4,752	$538,961	−85.8%	0.91%
SPY	Spdr S&P 500 ETF Trust	Reduced	572	-929	$436,224	−61.1%	0.73%
DE	Deere & Co Industrials	Reduced	600	-477	$402,930	−41.0%	0.68%
WFC	Wells Fargo & Company Financial Services	Reduced	4,887	-3,401	$391,204	−42.9%	0.66%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Reduced	2,385	-11,079	$370,152	−82.6%	0.62%
DFIS	Dimensional International Small Cap ETF	Reduced	8,912	-30,707	$322,881	−76.7%	0.54%
VUG	VANGUARD GROWTH INDEX FUND	Reduced	3,467	-1,102	$312,411	−20.6%	0.52%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	770	-1,745	$288,164	−69.0%	0.48%
GEV	GE Vernova Inc. Industrials	Reduced	300	-53	$285,147	−31.2%	0.48%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	300	-48	$273,102	−16.1%	0.46%
PICK	iShares MSCI Global Metals & Mining Producers ETF	Reduced	4,520	-20,192	$271,019	−81.1%	0.46%
DFAT	Dimensional U.S. Targeted Value ETF	Reduced	4,049	-19,287	$269,015	−83.5%	0.45%
XME	State Street(R) SPDR(R) S&P(R) Metals & Mining ETF	Reduced	2,333	-12,536	$241,605	−84.8%	0.41%
CAT	Caterpillar Inc Industrials	Reduced	297	-1,899	$240,804	−89.7%	0.40%
GOOGL	Alphabet Inc. Communication Services	Reduced	619	-861	$212,985	−59.7%	0.36%
EFA	iShares MSCI EAFE ETF	Reduced	1,938	-1,678	$201,338	−46.4%	0.34%
WMT	Walmart Inc. Consumer Defensive	Reduced	1,806	-6,378	$187,679	−79.8%	0.32%
DYNF	iShares U.S. Equity Factor Rotation Active ETF	Reduced	2,625	-11,195	$181,807	−80.7%	0.31%
GS	Goldman Sachs Group Inc Financial Services	Reduced	200	-25	$180,072	−20.9%	0.30%
VTWO	VANGUARD RUSSELL 2000 INDEX FUND	Reduced	1,557	-9,110	$174,757	−86.5%	0.29%
DFAC	Dimensional U.S. Core Equity 2 ETF	Reduced	3,833	-32,710	$170,376	−89.5%	0.29%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	5,456	-48,834	$163,680	−89.8%	0.28%
AMD	Advanced Micro Devices Inc Technology	Reduced	260	-291	$159,057	−50.3%	0.27%
IWM	iShares Russell 2000 ETF	Reduced	554	-35	$153,951	−13.0%	0.26%
ABBV	AbbVie Inc. Healthcare	Reduced	500	-192	$130,795	−24.9%	0.22%
CAG	Conagra Brands Inc. Consumer Defensive	Reduced	9,688	-818	$130,206	−7.9%	0.22%
CF	CF Industries Holdings, Inc. Basic Materials	Added	1,097	+5	$126,374	+6.9%	0.21%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	191	+1	$125,431	−6.1%	0.21%
MSFT	Microsoft Corp Technology	Reduced	244	-1,746	$125,147	−83.1%	0.21%
VDE	VANGUARD ENERGY INDEX FUND	Reduced	670	-545	$115,347	−36.8%	0.19%
MU	Micron Technology Inc Technology	Added	100	+75	$106,511	+269.1%	0.18%
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	Reduced	361	-138	$105,448	−31.0%	0.18%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	270	-1,171	$95,798	−84.2%	0.16%

Showing the top 50 of 216 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.