ACCREDITED INVESTORS INC.

Filed: 10/30/2025ACC: 0001518364-25-000009

📋 What this filing means

ACCREDITED INVESTORS INC. filed this quarterly 13F‑HR report disclosing 264 equity positions with a total reported market value of $1.79B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

264

Positions

$1.79B

Total AUM (reported)

20.11M

Total Shares

Allocation by class

COM$275.63M15.4%

INTL SMCP VLU$229.59M12.8%

US BRD MKT ETF$123.56M6.9%

CL A$118.61M6.6%

CORE S&P MCP ETF$107.63M6.0%

VALUE ETF$88.49M4.9%

CORE S&P500 ETF$86.46M4.8%

Portfolio Concentration

Top 3$460.78M25.7%

4–10$511.05M28.5%

11–25$472.86M26.4%

Rest$348.11M19.4%

Top 3 weight

25.7%

Top 10 weight

54.2%

Voting Authority Distribution

Total shares with voting rights: 20.11M

Sole

Full voting authority

19.01M

% of voting shares94.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.10M

% of voting shares5.5%

Investment Discretion (by position count)

Sole264

Shared0

Other0

Dominant voting typeSole · 94.5% of voting shares

Institutional Holdings264

Rows:

AMERICAN CENTY ETF TR

SOLE

INTL SMCP VLU

Shares2.58M

TypeSH

Market value$229.59M

12.81%

Sole

2.45M

Shared

0.00

None

131.75K

SCHWAB STRATEGIC TR

SOLE

US BRD MKT ETF

Shares4.81M

TypeSH

Market value$123.56M

6.89%

Sole

4.52M

Shared

0.00

None

290.15K

ISHARES TR

SOLE

CORE S&P MCP ETF

Shares1.65M

TypeSH

Market value$107.63M

6.00%

Sole

1.55M

Shared

0.00

None

96.45K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares474.49K

TypeSH

Market value$88.49M

4.94%

Sole

439.47K

Shared

0.00

None

35.02K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares129.18K

TypeSH

Market value$86.46M

4.82%

Sole

125.84K

Shared

0.00

None

3.34K

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares634.48K

TypeSH

Market value$75.40M

4.21%

Sole

594.38K

Shared

0.00

None

40.10K

ISHARES TR

SOLE

RUSSELL 2000 ETF

Shares303.45K

TypeSH

Market value$73.42M

4.10%

Sole

292.79K

Shared

0.00

None

10.67K

UNITED PARCEL SERVICE INC

SOLE

CL B

Shares783.70K

TypeSH

Market value$65.46M

3.65%

Sole

783.70K

Shared

0.00

None

0.00

APPLE INC

SOLE

COM

Shares244.43K

TypeSH

Market value$62.24M

3.47%

Sole

236.09K

Shared

0.00

None

8.34K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL A

Shares79.00

TypeSH

Market value$59.58M

3.32%

Sole

79.00

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE ETF

Shares621.78K

TypeSH

Market value$58.06M

3.24%

Sole

612.32K

Shared

0.00

None

9.47K

ROBLOX CORP

SOLE

CL A

Shares376.57K

TypeSH

Market value$52.16M

2.91%

Sole

376.57K

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares232.45K

TypeSH

Market value$51.04M

2.85%

Sole

102.83K

Shared

0.00

None

129.62K

ISHARES TR

SOLE

RUS 1000 GRW ETF

Shares99.39K

TypeSH

Market value$46.56M

2.60%

Sole

97.50K

Shared

0.00

None

1.89K

SPDR SERIES TRUST

SOLE

PRTFLO S&P500 VL

Shares767.51K

TypeSH

Market value$42.47M

2.37%

Sole

740.57K

Shared

0.00

None

26.94K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EUROPE ETF

Shares428.90K

TypeSH

Market value$34.23M

1.91%

Sole

402.32K

Shared

0.00

None

26.58K

ISHARES TR

SOLE

RUS MD CP GR ETF

Shares200.79K

TypeSH

Market value$28.60M

1.59%

Sole

196.20K

Shared

0.00

None

4.59K

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares201.19K

TypeSH

Market value$27.72M

1.55%

Sole

189.43K

Shared

0.00

None

11.77K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares49.67K

TypeSH

Market value$24.97M

1.39%

Sole

48.35K

Shared

0.00

None

1.32K

MICROSOFT CORP

SOLE

COM

Shares42.20K

TypeSH

Market value$21.86M

1.22%

Sole

40.86K

Shared

0.00

None

1.34K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares363.14K

TypeSH

Market value$21.76M

1.21%

Sole

359.75K

Shared

0.00

None

3.40K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares26.50K

TypeSH

Market value$17.65M

0.98%

Sole

26.18K

Shared

0.00

None

320.00

ISHARES TR

SOLE

EAFE VALUE ETF

Shares242.95K

TypeSH

Market value$16.48M

0.92%

Sole

237.41K

Shared

0.00

None

5.54K

AUTOMATIC DATA PROCESSING IN

SOLE

COM

Shares51.94K

TypeSH

Market value$15.25M

0.85%

Sole

51.93K

Shared

0.00

None

11.00

NVIDIA CORPORATION

SOLE

COM

Shares75.44K

TypeSH

Market value$14.08M

0.79%

Sole

64.69K

Shared

0.00

None

10.75K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
AMERICAN CENTY ETF TRSOLE	INTL SMCP VLU	2.58M	SH	$229.59M 12.81%	2.45M	131.75K
SCHWAB STRATEGIC TRSOLE	US BRD MKT ETF	4.81M	SH	$123.56M 6.89%	4.52M	290.15K
ISHARES TRSOLE	CORE S&P MCP ETF	1.65M	SH	$107.63M 6.00%	1.55M	96.45K
VANGUARD INDEX FDSSOLE	VALUE ETF	474.49K	SH	$88.49M 4.94%	439.47K	35.02K
ISHARES TRSOLE	CORE S&P500 ETF	129.18K	SH	$86.46M 4.82%	125.84K	3.34K
ISHARES TRSOLE	CORE S&P SCP ETF	634.48K	SH	$75.40M 4.21%	594.38K	40.10K
ISHARES TRSOLE	RUSSELL 2000 ETF	303.45K	SH	$73.42M 4.10%	292.79K	10.67K
UNITED PARCEL SERVICE INCSOLE	CL B	783.70K	SH	$65.46M 3.65%	783.70K	0.00
APPLE INCSOLE	COM	244.43K	SH	$62.24M 3.47%	236.09K	8.34K
BERKSHIRE HATHAWAY INC DELSOLE	CL A	79.00	SH	$59.58M 3.32%	79.00	0.00
ISHARES TRSOLE	MSCI EAFE ETF	621.78K	SH	$58.06M 3.24%	612.32K	9.47K
ROBLOX CORPSOLE	CL A	376.57K	SH	$52.16M 2.91%	376.57K	0.00
AMAZON COM INCSOLE	COM	232.45K	SH	$51.04M 2.85%	102.83K	129.62K
ISHARES TRSOLE	RUS 1000 GRW ETF	99.39K	SH	$46.56M 2.60%	97.50K	1.89K
SPDR SERIES TRUSTSOLE	PRTFLO S&P500 VL	767.51K	SH	$42.47M 2.37%	740.57K	26.94K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EUROPE ETF	428.90K	SH	$34.23M 1.91%	402.32K	26.58K
ISHARES TRSOLE	RUS MD CP GR ETF	200.79K	SH	$28.60M 1.59%	196.20K	4.59K
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	201.19K	SH	$27.72M 1.55%	189.43K	11.77K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	49.67K	SH	$24.97M 1.39%	48.35K	1.32K
MICROSOFT CORPSOLE	COM	42.20K	SH	$21.86M 1.22%	40.86K	1.34K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	363.14K	SH	$21.76M 1.21%	359.75K	3.40K
SPDR S&P 500 ETF TRSOLE	TR UNIT	26.50K	SH	$17.65M 0.98%	26.18K	320.00
ISHARES TRSOLE	EAFE VALUE ETF	242.95K	SH	$16.48M 0.92%	237.41K	5.54K
AUTOMATIC DATA PROCESSING INSOLE	COM	51.94K	SH	$15.25M 0.85%	51.93K	11.00
NVIDIA CORPORATIONSOLE	COM	75.44K	SH	$14.08M 0.79%	64.69K	10.75K

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