Great Waters Wealth Management

Registered adviser

CIK

1964535

Location

SHOREVIEW, MN

Portfolio Value

Mid $1,082,408,905

Diversification

Highly concentrated

Filing Date

Global Rank

#2,298 / 8,807 ▼ 101 · as of Jun 2026

Top Industry

Semiconductors 19.2%

Period ended 20 days ago

Filed Oct 7, 2026 · 13d

16 quarters · since Dec 2022

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, Oct 1, 2026

Form ADV adviser

CRD 308215

Roster of Oct 1, 2026

Regulatory AUM

$1,235,101,181

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
Mar 2026 to Oct 2026	$1,235,101,181	Individuals and high net worth (100%)
Apr 2025 to Feb 2026	$1,183,117,490	Individuals and high net worth (100%)
Apr 2024 to Mar 2025	$1,017,194,635	Individuals and high net worth (100%)
May 2023 to Mar 2024	$957,609,573	Individuals and high net worth (100%)
Apr 2023	$957,609,573	Individuals and high net worth (100%)
Aug 2022 to Mar 2023	$978,503,713	Individuals and high net worth (100%)

1 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 94.4% of the book (60%+)

Turnover

Low turnover

4.2% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 14.7 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 91.8%; sector active share 83.7% against the combined 13F book's sector weights.

Over time 15 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.

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Portfolio Concentration

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

Top Position

87.7%

+3.5 pts

Top 5

92.8%

+0.9 pts

Top 10

94.8%

+0.4 pts

HHI

7,702

Highly concentrated+596

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	93.0%	$1,006,381,960	58
Technology	2.9%	$31,685,426	15
Healthcare	1.3%	$14,341,690	12
Industrials	1.2%	$13,027,667	13
Consumer Cyclical	0.4%	$4,451,475	5
Consumer Defensive	0.4%	$4,130,312	7
Financial Services	0.3%	$3,014,284	8
Communication Services	0.2%	$2,125,454	4
Basic Materials	0.1%	$1,265,755	3
Utilities	0.1%	$943,548	2
Real Estate	0.1%	$545,700	2
Energy	0.0%	$495,634	2

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
DFCF	Dimensional Core Fixed Income ETF	+409,537	4,243,092	$170,232,851
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	+294,434	5,348,513	$198,001,951
DFUS	Dimensional U.S. Equity Market ETF	+179,602	3,114,270	$258,577,838
DFSD	Dimensional Short-Duration Fixed Income ETF	+165,541	2,114,712	$98,274,896
DFGR	Dimensional Global Real Estate ETF	+92,813	1,044,549	$28,255,050
DFAS	Dimensional U.S. Small Cap ETF	+77,573	1,227,703	$95,048,766
DFAT	Dimensional U.S. Targeted Value ETF	+53,953	942,310	$62,607,076
ABT	Abbott Laboratories	+4,133	8,143	$804,772
SCHD	Schwab U.S. Dividend Equity ETF	+1,465	78,784	$2,562,843
VEA	Vanguard FTSE Developed Markets ETF	+1,148	5,780	$408,125
IFLN	Invesco Bloomberg Enhanced Fallen Angels ETF	+789	48,358	$843,363
SRLN	State Street(R) Blackstone Senior Loan ETF	+623	38,410	$1,551,379
NVDA	Nvidia Corp	+605	34,940	$7,979,597
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	+427	3,866	$298,648
PCY	Invesco Ltd.	+413	23,903	$0
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+400	4,090	$242,577
AAPL	Apple Inc.	+378	31,173	$10,381,232
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+277	1,843	$689,724
BSX	Boston Scientific Corp	+276	7,823	$341,473
CORP	PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund	+265	18,318	$1,681,592
AMZN	Amazon Com Inc	+259	7,539	$1,878,341
SPY	Spdr S&P 500 ETF Trust	+257	1,828	$1,394,087
SCHO	Schwab Short-Term U.S. Treasury ETF	+208	55,560	$1,325,661
MSFT	Microsoft Corp	+140	5,453	$2,796,843
VOO	VANGUARD 500 INDEX FUND	+84	634	$444,345
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
DFIC	Dimensional International Core Equity 2 ETF	−83,459	491,025	$18,467,450
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−60,828	332,202	$23,303,970
DFAE	Dimensional Emerging Core Equity Market ETF	−31,103	182,668	$7,180,679
SCHB	Schwab U.S. Broad Market ETF	−9,144	85,827	$2,515,589
IWM	iShares Russell 2000 ETF	−8,584	64,266	$0
SCHF	Schwab International Equity ETF	−5,151	60,047	$1,649,491
DFAC	Dimensional U.S. Core Equity 2 ETF	−4,426	285,686	$12,698,742
PSO	Pearson PLC	−3,149	13,651	$219,098
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	−2,218	54,486	$2,580,456
SCHZ	Schwab U.S. Aggregate Bond ETF	−2,087	42,695	$943,559
QQQ	Invesco Qqq Trust, Series 1	−1,028	1,091	$807,089
MDT	Medtronic plc	−916	12,571	$1,084,751
SCHE	Schwab Emerging Markets Equity ETF	−641	8,479	$309,059
QYLD	Global X NASDAQ 100 Covered Call ETF	−501	11,233	$0
TSLA	Tesla, Inc.	−482	3,910	$1,387,307
SCHG	Schwab U.S. Large-Cap Growth ETF	−382	46,493	$1,670,493
IWF	iShares Russell 1000 Growth ETF	−267	19,755	$0
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	−264	18,663	$1,074,242
SPGM	State Street(R) SPDR(R) Portfolio MSCI Global Stock Market ETF	−228	30,262	$2,617,663
WFC	Wells Fargo & Company/Mn	−222	3,589	$287,299
SCHM	Schwab U.S. Mid-Cap ETF	−209	35,389	$1,203,933
UNH	Unitedhealth Group Inc	−194	20,426	$7,497,976
JNJ	Johnson & Johnson	−186	1,987	$526,038
ECL	Ecolab Inc.	−124	2,753	$755,918
EFA	iShares MSCI EAFE ETF	−109	19,367	$0
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
HONA	Honeywell Aerospace Inc.	8,158	$1,264,245
VO	VANGUARD MID-CAP INDEX FUND	3,227	$253,061
SPCX	Space Exploration Technologies Corp	1,522	$229,608
V	Visa Inc.	574	$206,255
RTX	RTX Corp	1,092	$202,729
USHY	iShares Broad USD High Yield Corporate Bond ETF	10,173	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
NEE	Nextera Energy Inc	2,315	$203,187
C	Citigroup Inc	1,443	$201,962
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

131 tracked positions · $1,082,408,905 total · filing declares 131 positions · $1,112,104,896 · 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 131 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
DFUS	Dimensional U.S. Equity Market ETF	Added	3,114,270	+179,602	$258,577,838	+7.5%	23.89%
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	Added	5,348,513	+294,434	$198,001,951	+6.3%	18.29%
DFCF	Dimensional Core Fixed Income ETF	Added	4,243,092	+409,537	$170,232,851	+5.2%	15.73%
DFSD	Dimensional Short-Duration Fixed Income ETF	Added	2,114,712	+165,541	$98,274,896	+5.6%	9.08%
DFAS	Dimensional U.S. Small Cap ETF	Added	1,227,703	+77,573	$95,048,766	+0.4%	8.78%
DFAT	Dimensional U.S. Targeted Value ETF	Added	942,310	+53,953	$62,607,076	+0.8%	5.78%
DFGR	Dimensional Global Real Estate ETF	Added	1,044,549	+92,813	$28,255,050	+2.5%	2.61%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Reduced	332,202	-60,828	$23,303,970	−19.2%	2.15%
DFIC	Dimensional International Core Equity 2 ETF	Reduced	491,025	-83,459	$18,467,450	−13.7%	1.71%
DFAC	Dimensional U.S. Core Equity 2 ETF	Reduced	285,686	-4,426	$12,698,742	−1.3%	1.17%
AAPL	Apple Inc. Technology	Added	31,173	+378	$10,381,232	+16.5%	0.96%
NVDA	Nvidia Corp Technology	Added	34,940	+605	$7,979,597	+16.1%	0.74%
UNH	Unitedhealth Group Inc Healthcare	Reduced	20,426	-194	$7,497,976	−12.5%	0.69%
DFAE	Dimensional Emerging Core Equity Market ETF	Reduced	182,668	-31,103	$7,180,679	−16.5%	0.66%
MMM	3M Co Industrials	Reduced	24,394	-10	$4,004,275	+1.3%	0.37%
MU	Micron Technology Inc Technology	Added	3,325	+7	$3,541,490	−7.5%	0.33%
MSFT	Microsoft Corp Technology	Added	5,453	+140	$2,796,843	+41.1%	0.26%
DCI	DONALDSON Co INC Industrials	Held	30,219	0	$2,630,261	−3.0%	0.24%
SPGM	State Street(R) SPDR(R) Portfolio MSCI Global Stock Market ETF	Reduced	30,262	-228	$2,617,663	+0.2%	0.24%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Reduced	54,486	-2,218	$2,580,456	−10.0%	0.24%
SCHD	Schwab U.S. Dividend Equity ETF	Added	78,784	+1,465	$2,562,843	+4.5%	0.24%
SCHB	Schwab U.S. Broad Market ETF	Reduced	85,827	-9,144	$2,515,589	−8.5%	0.23%
AMD	Advanced Micro Devices Inc Technology	Held	3,093	0	$1,892,173	+5.3%	0.17%
AMZN	Amazon Com Inc Consumer Cyclical	Added	7,539	+259	$1,878,341	+8.3%	0.17%
HON	Honeywell International Inc Industrials	Reduced	8,118	-40	$1,712,410	−6.3%	0.16%
CORP	PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund	Added	18,318	+265	$1,681,592	−3.9%	0.16%
SCHG	Schwab U.S. Large-Cap Growth ETF	Reduced	46,493	-382	$1,670,493	+5.3%	0.15%
SCHF	Schwab International Equity ETF	Reduced	60,047	-5,151	$1,649,491	−8.7%	0.15%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	1,811	-1	$1,648,625	−2.7%	0.15%
TER	Teradyne, Inc Technology	Reduced	4,000	-12	$1,603,640	−17.4%	0.15%
SPLV	Invesco S&P 500 Low Volatility ETF	Added	22,654	+38	$1,597,333	−5.7%	0.15%
SRLN	State Street(R) Blackstone Senior Loan ETF	Added	38,410	+623	$1,551,379	+1.9%	0.14%
SPY	Spdr S&P 500 ETF Trust	Added	1,828	+257	$1,394,087	+18.8%	0.13%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	3,910	-482	$1,387,307	−24.9%	0.13%
SCHO	Schwab Short-Term U.S. Treasury ETF	Added	55,560	+208	$1,325,661	−0.8%	0.12%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	40,570	-51	$1,323,799	−9.8%	0.12%
HONA	Honeywell Aerospace Inc. Industrials	NEW	8,158	NEW	$1,264,245	NEW	0.12%
SCHM	Schwab U.S. Mid-Cap ETF	Reduced	35,389	-209	$1,203,933	−8.3%	0.11%
MDT	Medtronic plc Healthcare	Reduced	12,571	-916	$1,084,751	+2.8%	0.10%
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	Reduced	18,663	-264	$1,074,242	−2.5%	0.10%
SCHZ	Schwab U.S. Aggregate Bond ETF	Reduced	42,695	-2,087	$943,559	−8.9%	0.09%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	1,829	+61	$910,750	+2.9%	0.08%
LLY	ELI LILLY & Co Healthcare	Reduced	779	-2	$901,365	−3.8%	0.08%
IFLN	Invesco Bloomberg Enhanced Fallen Angels ETF	Added	48,358	+789	$843,363	−3.1%	0.08%
MCK	Mckesson Corp Healthcare	Held	982	0	$838,441	+13.0%	0.08%
TT	Trane Technologies plc Industrials	Held	1,849	0	$835,711	−8.0%	0.08%
QQQ	Invesco Qqq Trust, Series 1	Reduced	1,091	-1,028	$807,089	−48.3%	0.07%
ABT	Abbott Laboratories Healthcare	Added	8,143	+4,133	$804,772	+121.2%	0.07%
GOOGL	Alphabet Inc. Communication Services	Reduced	2,337	-15	$804,114	−4.3%	0.07%
ECL	Ecolab Inc. Basic Materials	Reduced	2,753	-124	$755,918	−5.7%	0.07%

Showing the top 50 of 131 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.