Great Waters Wealth Management

SHOREVIEW, MN · CIK 1964535 · 13F filing filed 2023-07-07

SEC-registered investment adviser since 2022 · limited liability company

Assets managed$1.2bn
Staff42 · 23 in investment roles
Main clients (by assets)High net worth individuals 63%, Individuals 37%
Form ADV · 2026-04-07SEC adviser record

Kindwealth
Others nearbySaint Paul, MN, Duluth, MN

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Shoreview, MN (main office)United States	United States	about 23
Duluth, MNUnited States	United States

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$503.1m reported value +6.3% vs Q1 2023

95positions

77.7%in top 10

12 new 23 added 44 reduced 1 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	960,560	$69.8m13.88%	13.88%	Reduced -43.1k	-43,094 -4.3%
2	DIMENSIONAL ETF TRUST US EQUITY MARKET DFUS	DFUS	1,279,573	$61.6m12.25%	12.25%	Added +141.8k	+141,807 12.5%
3	DIMENSIONAL ETF TRUST INTL CORE EQUITY DFIC	DFIC	2,147,263	$52.1m10.36%	10.36%	Reduced -155.1k	-155,125 -6.7%
4	DIMENSIONAL ETF TRUST WORLD EX US CORE DFAX	DFAX	2,092,610	$48.8m9.70%	9.70%	Added +231.7k	+231,666 12.4%
5	ISHARES TR RUSSELL 2000 ETF IWM	IWM	223,371	$41.8m8.32%	8.32%	Reduced -11.7k	-11,719 -5.0%
6	DIMENSIONAL ETF TRUST CORE FIXED INCOM DFCF	DFCF	922,956	$38.5m7.66%	7.66%	Added +183.2k	+183,195 24.8%
7	DIMENSIONAL ETF TRUST SHORT DURATION F DFSD	DFSD	526,324	$24.4m4.85%	4.85%	Added +88.8k	+88,826 20.3%
8	DIMENSIONAL ETF TRUST US SMALL CAP ETF DFAS	DFAS	366,284	$20.1m3.99%	3.99%	Added +58.1k	+58,141 18.9%
9	DIMENSIONAL ETF TRUST EMGR CRE EQT MNG DFAE	DFAE	785,621	$18.4m3.66%	3.66%	Reduced -53.9k	-53,877 -6.4%
10	DIMENSIONAL ETF TRUST US TARGETED VLU DFAT	DFAT	327,342	$15.2m3.02%	3.02%	Added +42.2k	+42,163 14.8%
11	DIMENSIONAL ETF TRUST US CORE EQUITY 2 DFAC	DFAC	428,198	$11.6m2.31%	2.31%	Reduced -10.4k	-10,351 -2.4%
12	UNITEDHEALTH GROUP INC COM UNH	UNH	19,010	$9.1m1.82%	1.82%	Added +96	+96 0.5%
13	APPLE INC COM AAPL	AAPL	36,182	$7.0m1.40%	1.40%	Reduced -377	-377 -1.0%
14	SPDR INDEX SHS FDS DJ GLB RL ES ETF RWO	RWO	160,001	$6.6m1.31%	1.31%	Added +23.4k	+23,355 17.1%
15	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	96,121	$4.8m0.96%	0.96%	Reduced -1.1k	-1,146 -1.2%
16	HONEYWELL INTL INC COM COM		16,712	$3.5m0.69%	0.69%	Reduced -686	-686 -3.9%
17	3M CO COM MMM	MMM	32,360	$3.2m0.64%	0.64%	Added +174	+174 0.5%
18	ISHARES TR RUS 1000 GRW ETF IWF	IWF	10,359	$2.9m0.57%	0.57%	Reduced -101	-101 -1.0%
19	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	37,547	$2.7m0.54%	0.54%	Reduced -2.1k	-2,070 -5.2%
20	ISHARES TR MSCI EAFE ETF EFA	EFA	35,482	$2.6m0.51%	0.51%	Added +415	+415 1.2%
21	SPDR INDEX SHS FDS PORTFLI MSCI GBL SPGM	SPGM	48,071	$2.5m0.50%	0.50%	Reduced -2.8k	-2,770 -5.5%
22	PIMCO ETF TR INV GRD CRP BD CORP	CORP	24,520	$2.3m0.46%	0.46%	Reduced -1.5k	-1,481 -5.7%
23	NVIDIA CORPORATION COM NVDA	NVDA	5,157	$2.2m0.43%	0.43%	Added +1.4k	+1,351 35.5%
24	ISHARES TR RUS 1000 VAL ETF IWD	IWD	13,782	$2.2m0.43%	0.43%	Reduced -266	-266 -1.9%
25	SSGA ACTIVE ETF TR BLACKSTONE SENR SRLN	SRLN	51,786	$2.2m0.43%	0.43%	Reduced -3.2k	-3,207 -5.8%
26	DONALDSON INC COM DCI	DCI	33,734	$2.1m0.42%	0.42%	Reduced -999	-999 -2.9%
27	SCHWAB STRATEGIC TR US BRD MKT ETF SCHB	SCHB	40,515	$2.1m0.42%	0.42%	Reduced -502	-502 -1.2%
28	SCHWAB STRATEGIC TR SHT TM US TRES SCHO	SCHO	38,643	$1.9m0.37%	0.37%	Reduced -2.4k	-2,410 -5.9%
29	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	31,856	$1.8m0.37%	0.37%	Added +56	+56 0.2%
30	INVESCO EXCH TRADED FD TR II S&P500 LOW VOL SPLV	SPLV	29,221	$1.8m0.36%	0.36%	Reduced -1.7k	-1,720 -5.6%
31	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	21,885	$1.6m0.33%	0.33%	Reduced -1.4k	-1,400 -6.0%
32	ISHARES TR MSCI ACWI ETF ACWI	ACWI	16,106	$1.5m0.31%	0.31%	Reduced -1.2k	-1,182 -6.8%
33	MICROSOFT CORP COM MSFT	MSFT	4,398	$1.5m0.30%	0.30%	Reduced -217	-217 -4.7%
34	XCEL ENERGY INC COM XEL	XEL	23,678	$1.5m0.29%	0.29%	Reduced -1.4k	-1,416 -5.6%
35	SCHWAB STRATEGIC TR US SML CAP ETF SCHA	SCHA	32,737	$1.4m0.29%	0.29%	Reduced -1.7k	-1,675 -4.9%
36	SCHWAB STRATEGIC TR US MID-CAP ETF SCHM	SCHM	18,494	$1.3m0.26%	0.26%	Reduced -1.1k	-1,120 -5.7%
37	VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK	VGK	20,866	$1.3m0.26%	0.26%	Added +26	+26 0.1%
38	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	34,613	$1.2m0.25%	0.25%	Reduced -166	-166 -0.5%
39	SCHWAB STRATEGIC TR US AGGREGATE B SCHZ	SCHZ	24,264	$1.1m0.22%	0.22%	Reduced -385	-385 -1.6%
40	INVESCO EXCH TRADED FD TR II FNDMNTL HY CRP IFLN	IFLN	63,643	$1.1m0.22%	0.22%	Reduced -5.0k	-5,024 -7.3%
41	AMAZON COM INC COM AMZN	AMZN	7,690	$1.0m0.20%	0.20%	Reduced -60	-60 -0.8%
42	TORO CO COM TTC	TTC	9,574	$973.2k0.19%	0.19%	Unchanged
43	PFIZER INC COM PFE	PFE	25,764	$945.0k0.19%	0.19%	Added +2	+2 0.0%
44	ECOLAB INC COM ECL	ECL	4,802	$896.6k0.18%	0.18%	Unchanged
45	INVENTRUST PPTYS CORP COM NEW IVT	IVT	35,060	$811.3k0.16%	0.16%	Unchanged
46	TESLA INC COM TSLA	TSLA	3,004	$786.4k0.16%	0.16%	Added +17	+17 0.6%
47	COSTCO WHSL CORP NEW COM COST	COST	1,460	$785.8k0.16%	0.16%	Reduced -2	-2 -0.1%
48	GENERAL MLS INC COM GIS	GIS	10,136	$777.4k0.15%	0.15%	Reduced -352	-352 -3.4%
49	TERADYNE INC COM TER	TER	6,953	$774.1k0.15%	0.15%	Unchanged
50	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	3,485	$767.8k0.15%	0.15%	Added +502	+502 16.8%
51	MEDTRONIC PLC SHS MDT	MDT	8,709	$767.3k0.15%	0.15%	Reduced -36	-36 -0.4%
52	INVESCO EXCH TRADED FD TR II EMRNG MKT SVRG PCY	PCY	38,232	$745.1k0.15%	0.15%	Reduced -2.5k	-2,550 -6.2%
53	HAWKINS INC COM HWKN	HWKN	15,422	$735.5k0.15%	0.15%	Added +47	+47 0.3%
54	FAIR ISAAC CORP COM FICO	FICO	745	$602.9k0.12%	0.12%	Unchanged
55	COLGATE PALMOLIVE CO COM CL	CL	7,817	$602.2k0.12%	0.12%	Unchanged
56	ISHARES TR CORE S&P500 ETF IVV	IVV	1,302	$580.4k0.12%	0.12%	Reduced -1	-1 -0.1%
57	BOSTON SCIENTIFIC CORP COM BSX	BSX	10,316	$558.0k0.11%	0.11%	Reduced -478	-478 -4.4%
58	WISDOMTREE TR EM MKTS QTLY DIV DGRE	DGRE	24,345	$554.6k0.11%	0.11%	Reduced -2.6k	-2,623 -9.7%
59	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,438	$490.4k0.10%	0.10%	Reduced -10	-10 -0.7%
60	CANADIAN NATL RY CO COM CNI	CNI	3,894	$471.4k0.09%	0.09%	Unchanged
61	SPDR INDEX SHS FDS ASIA PACIF ETF GMF	GMF	4,649	$461.1k0.09%	0.09%	Reduced -95	-95 -2.0%
62	MCKESSON CORP COM MCK	MCK	994	$424.7k0.08%	0.08%	Unchanged
63	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	920	$408.0k0.08%	0.08%	Reduced -210	-210 -18.6%
64	ELI LILLY & CO COM LLY	LLY	842	$395.1k0.08%	0.08%	Unchanged
65	ABBOTT LABS COM ABT	ABT	3,573	$389.6k0.08%	0.08%	Added +3	+3 0.1%
66	US BANCORP DEL COM NEW USB	USB	11,672	$385.6k0.08%	0.08%	Added +56	+56 0.5%
67	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	4,777	$361.4k0.07%	0.07%	Added +36	+36 0.8%
68	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,643	$316.4k0.06%	0.06%	Reduced -220	-220 -7.7%
69	DANAHER CORPORATION COM DHR	DHR	1,314	$315.4k0.06%	0.06%	Reduced -1.3k	-1,310 -49.9%
70	OMEGA HEALTHCARE INVS INC COM OHI	OHI	10,000	$306.9k0.06%	0.06%	New
71	HOME DEPOT INC COM HD	HD	928	$288.3k0.06%	0.06%	Added +14	+14 1.5%
72	SCHWAB STRATEGIC TR EMRG MKTEQ ETF SCHE	SCHE	11,296	$278.2k0.06%	0.06%	Added +94	+94 0.8%
73	DELTA AIR LINES INC DEL COM NEW DAL	DAL	5,719	$271.9k0.05%	0.05%	New
74	JOHNSON & JOHNSON COM JNJ	JNJ	1,560	$258.2k0.05%	0.05%	Added +14	+14 0.9%
75	THOMSON REUTERS CORP. COM NEW COM NEW		1,835	$247.6k0.05%	0.05%	Reduced -35	-35 -1.9%
76	HORMEL FOODS CORP COM HRL	HRL	6,152	$247.4k0.05%	0.05%	Unchanged
77	ALTRIA GROUP INC COM MO	MO	5,436	$246.3k0.05%	0.05%	New
78	ROCKWELL AUTOMATION INC COM ROK	ROK	721	$237.5k0.05%	0.05%	New
79	TRAVELERS COMPANIES INC COM TRV	TRV	1,361	$236.3k0.05%	0.05%	Unchanged
80	ISHARES INC CORE MSCI EMKT IEMG	IEMG	4,678	$230.6k0.05%	0.05%	Reduced -3	-3 -0.1%
81	MICRON TECHNOLOGY INC COM MU	MU	3,602	$227.3k0.05%	0.05%	Unchanged
82	OTTER TAIL CORP COM OTTR	OTTR	2,860	$225.8k0.04%	0.04%	New
83	TARGET CORP COM TGT	TGT	1,655	$218.3k0.04%	0.04%	Reduced -885	-885 -34.8%
84	AMERIPRISE FINL INC COM AMP	AMP	637	$211.6k0.04%	0.04%	Unchanged
85	HARTFORD INSURANCE GROUP INC COM HIG	HIG	2,917	$210.1k0.04%	0.04%	Unchanged
86	PIONEER NAT RES CO COM PXD	PXD	1,000	$207.2k0.04%	0.04%	New
87	SCHWAB STRATEGIC TR US LRG CAP ETF SCHX	SCHX	3,842	$201.2k0.04%	0.04%	Reduced -281	-281 -6.8%
88	ADOBE INC COM ADBE	ADBE	410	$200.5k0.04%	0.04%	New
89	ETFIS SER TR I VIRTUS INFRCAP PFFA	PFFA	10,000	$196.4k0.04%	0.04%	New
90	VECTOR GROUP LTD COM VGR	VGR	15,000	$192.2k0.04%	0.04%	New
91	PEARSON PLC SPONSORED ADR PSO	PSO	14,506	$152.0k0.03%	0.03%	Unchanged
92	GLOBAL NET LEASE INC COM NEW GNL	GNL	10,000	$102.8k0.02%	0.02%	New
93	ARCHROCK INC COM AROC	AROC	10,000	$102.5k0.02%	0.02%	New
94	SFL CORPORATION LTD SHS SFL	SFL	10,000	$93.3k0.02%	0.02%	New
95	POLYMET MNG CORP COM NEW COM NEW		25,170	$19.9k0.00%	0.00%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
API GROUP CORP APG	APG	19,312	$419.6k19.3k shares