Accredited Investors Inc.

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Portfolio value: $2.31B
Positions: 299
Quarter ended: June 30, 2026
Filed: July 21, 2026

Reported portfolio value by quarter (53 quarters reported)

$2.31B $253M

Q2 13 Q1 16 Q4 18 Q3 21 Q2 24 Q2 26

$253M in Q2 2013 → $2.31B now. Hover for any quarter.

Holdings

As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
AC American Centy ETF Tr	12.0%	Added 2.0%	2,685,375	$277M
Sezzle Inc	6.0%	Trimmed 8.9%	807,442	$139M
VI Vanguard Intl Equity Index F	6.0%	Added 934%	1,648,027	$138M
SS Schwab Strategic Tr	5.6%	Trimmed 3.5%	4,443,846	$129M
VI Vanguard Index Fds	5.5%	Added 6.7%	583,998	$127M
IT Ishares Tr	4.7%	Added 3.0%	365,770	$110M
IT Ishares Tr	4.6%	Trimmed 1.3%	1,394,914	$108M
IT Ishares Tr	4.5%	Added 2.6%	138,176	$103M
IT Ishares Tr	4.3%	Added 1.6%	674,815	$100M
UP United Parcel Svcs Inc	3.6%	Added 0.0%	783,975	$84.3M
BH Berkshire Hathaway Inc Del	3.0%	Unchanged	93	$69.6M
Apple Inc	2.5%	Trimmed 5.9%	201,547	$58.3M
IT Ishares Tr	2.5%	Trimmed 4.5%	546,667	$56.8M
Amazon Com Inc	2.4%	Added 5.7%	235,475	$56.1M
VM Vanguard Malvern Fds	2.2%	New	1,014,386	$51M
IT Ishares Tr	2.0%	Added 294%	363,802	$45.2M
SS SPDR Series Trust	1.8%	Trimmed 2.9%	701,724	$42.7M
VI Vanguard Intl Equity Index F	1.5%	Trimmed 0.1%	225,134	$35.3M
BH Berkshire Hathaway Inc Del	1.1%	Trimmed 11%	51,302	$25.7M
CH C H Robinson Worldwide In	1.1%	Added 0.5%	133,220	$25.1M
IT Ishares Tr	1.1%	Trimmed 3.3%	170,300	$24.9M
VT Vanguard Tax-managed Fds	1.0%	Trimmed 3.1%	328,571	$23.4M
Roblox Corp	0.9%	Unchanged	376,574	$20.5M
IT Ishares Tr	0.8%	Trimmed 1.4%	231,526	$17.7M
SS State Str SPDR S&P 500 ETF T	0.8%	Trimmed 0.9%	23,357	$17.4M
IT Ishares Tr	0.7%	Added 1.0%	302,150	$16.9M
Microsoft Corp	0.7%	Trimmed 0.1%	41,190	$15.4M
IT Ishares Tr	0.6%	Trimmed 0.4%	286,286	$13.6M
Nvidia Corporation	0.6%	Trimmed 6.6%	64,436	$12.9M
Alphabet Inc	0.6%	Trimmed 1.5%	36,281	$12.8M
AD Automatic Data Processing In	0.5%	Added 0.0%	51,844	$11.6M
SS Schwab Strategic Tr	0.4%	Trimmed 6.0%	266,452	$10.1M
ON Old Natl Bancorp Ind	0.4%	Unchanged	366,545	$9.49M
IE Invesco Exchange Traded Fd T	0.4%	Trimmed 4.2%	161,715	$9.02M
VW Vanguard World Fd	0.4%	Added 411%	99,742	$8.77M
VI Vanguard Index Fds	0.4%	Added 268%	107,802	$8.69M
IT Ishares Tr	0.4%	Added 20%	101,689	$8.6M
IT Ishares Tr	0.3%	Trimmed 1.3%	52,268	$8.06M
VI Vanguard Index Fds	0.3%	Added 2.6%	20,393	$7.55M
VI Vanguard Index Fds	0.3%	Trimmed 5.2%	24,724	$7.49M
IT Ishares Tr	0.3%	Trimmed 8.1%	42,995	$7.08M
IT Ishares Tr	0.3%	Trimmed 0.4%	63,199	$6.5M
Alphabet Inc	0.3%	Trimmed 5.7%	17,147	$6.13M
VI Vanguard Intl Equity Index F	0.3%	Trimmed 57%	66,268	$5.87M
Jpmorgan Chase & Co	0.2%	Trimmed 15%	17,511	$5.73M
VI Vanguard Index Fds	0.2%	Added 8.1%	7,914	$5.44M
IT Ishares Tr	0.2%	Added 0.6%	71,097	$4.94M
Unitedhealth Group Inc	0.2%	Added 22%	11,819	$4.91M
3m Co	0.2%	Added 6.8%	29,686	$4.81M
IQ Invesco Qqq Tr	0.2%	Added 20%	6,213	$4.58M
IT Ishares Tr	0.2%	Added 4.1%	163,289	$4.08M
General Mills Inc	0.2%	Trimmed 0.1%	109,337	$3.8M
EL Eli Lilly & Co	0.2%	Trimmed 26%	3,151	$3.78M
VS Vanguard Star Fds	0.2%	Trimmed 3.2%	42,307	$3.62M
IT Ishares Tr	0.2%	Trimmed 3.9%	14,861	$3.6M
Meta Platforms Inc	0.2%	Trimmed 9.4%	6,270	$3.53M
UB Us Bancorp	0.2%	Trimmed 2.0%	57,605	$3.48M
IT Ishares Tr	0.1%	Trimmed 4.6%	23,591	$3.36M
IT Ishares Tr	0.1%	Trimmed 5.5%	32,106	$3.18M
Labcorp Holdings Inc	0.1%	Unchanged	10,650	$2.98M

Showing top 60 of 299 positions.

Timeline of changes

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.

Q2 2026

quarter ended June 30, 2026 · filed July 21, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VI Vanguard Intl Equity Index F	Added	+1,488,591	+$125M	6.0%
VM Vanguard Malvern Fds	New	+1,014,386	+$51M	2.2%
IT Ishares Tr	Added	+271,432	+$33.7M	2.0%
Sezzle Inc	Trimmed	−79,200	−$13.6M	6.0%
VI Vanguard Index Fds	Added	+36,521	+$7.96M	5.5%
VI Vanguard Intl Equity Index F	Trimmed	−87,942	−$7.79M	0.3%
VW Vanguard World Fd	Added	+80,207	+$7.05M	0.4%
VI Vanguard Index Fds	Added	+78,494	+$6.32M	0.4%
AC American Centy ETF Tr	Added	+51,471	+$5.3M	12.0%
SS Schwab Strategic Tr	Trimmed	−163,491	−$4.73M	5.6%

Showing the 10 largest of 254 changes.

Q1 2026

quarter ended March 31, 2026 · filed April 30, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VI Vanguard Intl Equity Index F	Trimmed	−283,865	−$23.4M	0.7%
VI Vanguard Index Fds	Added	+47,547	+$9.33M	5.8%
IT Ishares Tr	Added	+24,858	+$6.16M	4.7%
BH Berkshire Hathaway Inc Del	Added	+7	+$5.03M	3.6%
CH C H Robinson Worldwide In	Added	+26,090	+$4.33M	1.2%
VI Vanguard Intl Equity Index F	Added	+28,215	+$3.9M	1.7%
IT Ishares Tr	Added	+12,073	+$3.84M	0.2%
BH Berkshire Hathaway Inc Del	Added	+7,804	+$3.74M	1.5%
IT Ishares Tr	Added	+27,825	+$3.46M	4.5%
IT Ishares Tr	Trimmed	−34,416	−$3.34M	3.0%

Showing the 10 largest of 265 changes.

Q4 2025

quarter ended December 31, 2025 · filed February 05, 2026

Company	Action	Shares changed	Value of change	% of portfolio
Sezzle Inc	New	+913,042	+$58M	3.1%
IT Ishares Tr	Trimmed	−236,948	−$15.6M	5.0%
IT Ishares Tr	Added	+26,693	+$6.57M	4.3%
Apple Inc	Trimmed	−20,278	−$5.51M	3.2%
BH Berkshire Hathaway Inc Del	Added	+7	+$5.28M	3.4%
VI Vanguard Index Fds	Added	+25,442	+$4.86M	5.1%
SS Schwab Strategic Tr	Trimmed	−129,411	−$4.08M	0.5%
AC American Centy ETF Tr	Added	+31,480	+$2.96M	13.0%
IT Ishares Tr	Trimmed	−6,087	−$2.88M	2.3%
SS Schwab Strategic Tr	Trimmed	−86,405	−$2.27M	6.6%

Showing the 10 largest of 248 changes.

Q3 2025

quarter ended September 30, 2025 · filed October 30, 2025

Company	Action	Shares changed	Value of change	% of portfolio
IT Ishares Tr	Trimmed	−391,757	−$25.6M	6.0%
IT Ishares Tr	Added	+75,052	+$18.2M	4.1%
Roblox Corp	Trimmed	−129,364	−$17.9M	2.9%
SS Schwab Strategic Tr	Trimmed	−372,801	−$11.6M	0.7%
AC American Centy ETF Tr	Added	+86,762	+$7.72M	12.8%
VI Vanguard Intl Equity Index F	Added	+71,139	+$5.68M	1.9%
IT Ishares Tr	Trimmed	−41,298	−$4.91M	4.2%
Apple Inc	Added	+16,759	+$4.27M	3.5%
IT Ishares Tr	Added	+6,442	+$3.02M	2.6%
VI Vanguard Index Fds	Trimmed	−8,875	−$2.91M	0.4%

Showing the 10 largest of 222 changes.

Q2 2025

quarter ended June 30, 2025 · filed August 08, 2025

Company	Action	Shares changed	Value of change	% of portfolio
Roblox Corp	Trimmed	−450,957	−$47.4M	3.1%
IT Ishares Tr	Trimmed	−630,619	−$39.1M	7.5%
VI Vanguard Intl Equity Index F	New	+357,761	+$27.7M	1.6%
IT Ishares Tr	Trimmed	−100,924	−$11M	4.4%
VI Vanguard Index Fds	Added	+25,984	+$7.27M	0.5%
VI Vanguard Index Fds	Added	+27,579	+$4.87M	4.9%
VI Vanguard Index Fds	Added	+11,523	+$2.73M	0.4%
Amazon Com Inc	Trimmed	−11,804	−$2.59M	3.2%
ON Old Natl Bancorp Ind	Added	+94,893	+$2.03M	0.5%
SS SPDR Series Trust	Trimmed	−38,485	−$2.01M	2.4%

Showing the 10 largest of 210 changes.

Q1 2025

quarter ended March 31, 2025 · filed May 06, 2025

Company	Action	Shares changed	Value of change	% of portfolio
BH Berkshire Hathaway Inc Del	New	+80	+$63.9M	4.0%
1B 1/100 Berkshire Hathaway Inc	Exited	−8,000	−$54.5M	—
VI Vanguard Intl Equity Index F	Trimmed	−395,321	−$24M	0.6%
IT Ishares Tr	Trimmed	−135,360	−$11.1M	3.3%
VS Vanguard Scottsdale Fds	Trimmed	−174,929	−$10.1M	—
Amazon Com Inc	Trimmed	−34,521	−$6.57M	3.0%
VT Vanguard Tax-managed Fds	Trimmed	−92,285	−$4.69M	1.2%
VI Vanguard Index Fds	Added	+17,732	+$3.06M	4.8%
Roblox Corp	Trimmed	−39,969	−$2.33M	3.5%
Apple Inc	Trimmed	−9,942	−$2.21M	3.2%

Showing the 10 largest of 209 changes.

Q4 2024

quarter ended December 31, 2024 · filed February 13, 2025

Company	Action	Shares changed	Value of change	% of portfolio
SS Schwab Strategic Tr	Added	+3,255,414	+$73.9M	6.5%
VI Vanguard Intl Equity Index F	Trimmed	−745,059	−$42.8M	1.9%
IT Ishares Tr	Added	+380,275	+$23.7M	9.8%
SS Schwab Strategic Tr	Added	+447,376	+$13.3M	1.4%
Roblox Corp	Trimmed	−188,515	−$10.9M	3.4%
AC American Centy ETF Tr	Added	+147,117	+$9.57M	9.4%
IT Ishares Tr	Trimmed	−95,522	−$9.26M	0.3%
BH Berkshire Hathaway Inc Del	Added	+15,192	+$6.89M	1.5%
1B 1/100 Berkshire Hathaway Inc	Trimmed	−1,000	−$6.81M	3.2%
Microsoft Corp	Added	+15,540	+$6.55M	0.9%

Showing the 10 largest of 209 changes.

Q3 2024

quarter ended September 30, 2024 · filed November 06, 2024

Company	Action	Shares changed	Value of change	% of portfolio
AC American Centy ETF Tr	Added	+194,280	+$13.7M	9.4%
ON Old Natl Bancorp Ind	New	+293,406	+$5.47M	0.3%
VI Vanguard Intl Equity Index F	Added	+31,776	+$3.8M	1.4%
SS Schwab Strategic Tr	Added	+59,383	+$3.54M	1.2%
Roblox Corp	Trimmed	−79,252	−$3.51M	3.0%
IT Ishares Tr	Trimmed	−31,401	−$2.63M	4.1%
IT Ishares Tr	Trimmed	−20,796	−$2.11M	0.8%
VI Vanguard Index Fds	Added	+11,638	+$2.03M	4.0%
Sow Good Inc	Added	+161,994	+$1.89M	0.2%
Microsoft Corp	Added	+3,393	+$1.46M	0.5%

Showing the 10 largest of 201 changes.

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