Cherry Tree Wealth Management, LLC
- SEC CIK
- 0001985414
- Latest filing
- Sep 15, 2026
The latest 13F from Cherry Tree Wealth Management, LLC covers Q2 2026 (filed Sep 15, 2026): 594 long positions worth $531.5M. The top 10 holdings make up 34.1% of the portfolio, and the largest is State Street SPDR Portfolio Intermediate Term Corporate Bond ETF at 4.2%. Livermore has 13 filings on Form 13F from this institution, going back to Q2 2023.
What changed in Q2 2026
Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 29
- Est. +$3.85M
- Added
- 82
- Est. +$26.6M
- Reduced
- 119
- Est. −$7.06M
- Sold out
- 17
- Est. −$272.9K
Top 5 holdings
Share of this quarter's portfolio value
- State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A3754.2%$22.1M
- State Street SPDR Portfolio Short Term Corporate Bond ETF78464A4744.1%$22.0M
- Vanguard Ftse Developed Markets ETF9219438584.1%$21.6M
- Vanguard Total Bond Market ETF9219378354.0%$21.2M
- Vanguard Morningstar Value ETF9229087443.8%$20.4M
Biggest buys
New and added positions, by estimated amount bought
- Dimensional ETF Trust25434V872+$3.35MAdded
- Schwab International Equity ETF808524805+$3.30MAdded
- Vanguard Instl Index FD922040845+$2.91MAdded
- Ea Series Trust02072Q176+$2.02MNew
- American Centy ETF Tr025072349+$1.56MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Schwab International Equity ETF808524805+0.62 pp1.0% → 1.7%
- Dimensional ETF Trust25434V872+0.55 pp0.8% → 1.3%
- Vanguard Instl Index FD922040845+0.46 pp0.8% → 1.3%
- Ea Series Trust02072Q176+0.38 pp0.0% → 0.4%
- American Centy ETF Tr025072349+0.31 pp1.8% → 2.1%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- SPDR Series Trust78468R200−$1.78MReduced
- J P Morgan Exchange Traded F46641Q332−$363.9KReduced
- USBUS Bancorp DE
- Vanguard High Dividend Yield Index ETF921946406−$267.1KReduced
- Invesco Exch Traded FD Tr II46138E354−$224.0KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- SPDR Series Trust78468R200−0.64 pp2.8% → 2.2%
- Vanguard Scottsdale FDS92206C409−0.28 pp2.3% → 2.0%
- Vanguard High Dividend Yield Index ETF921946406−0.20 pp2.9% → 2.7%
- Invesco Exch Traded FD Tr II46138E354−0.13 pp1.0% → 0.9%
- J P Morgan Exchange Traded F46641Q332−0.13 pp0.5% → 0.4%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $531.5M
- +$58.8M (+12.4%) vs. prior quarter
- Positions
- 594
- +12 vs. prior quarter
- Top 10 concentration
- 34.1%
- Top 10 as share of value
- Turnover
- 1.5%
- Q2 2026, one quarter
- Average holding period
- 12.5 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q2 2023), so positions held before then are understated.
13F filings by quarter
13 quarters, going back to Q2 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $531.5M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Sep 15, 2026 | 594 | $531.5M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Ftse Developed Markets ETF | vs. Q1 2026 | SEC |
| Q1 2026 | May 5, 2026 | 582 | $472.7M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Total Bond Market ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 10, 2026 | 586 | $473.6M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFVanguard Total Bond Market ETFState Street SPDR Portfolio Short Term Corporate Bond ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 24, 2025 | 590 | $455.5M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFVanguard Total Bond Market ETFState Street SPDR Portfolio Short Term Corporate Bond ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 5, 2025 | 606 | $430.3M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFVanguard Total Bond Market ETFState Street SPDR Portfolio Short Term Corporate Bond ETF | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 21, 2025 | 756 | $414.7M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFVanguard Total Bond Market ETFState Street SPDR Portfolio Short Term Corporate Bond ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 4, 2025 | 644 | $404.1M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFVanguard Total Bond Market ETFState Street SPDR Portfolio Short Term Corporate Bond ETF | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 12, 2024 | 613 | $421.8M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFVanguard Total Bond Market ETFState Street SPDR Portfolio Short Term Corporate Bond ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 6, 2024 | 596 | $398.1M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFVanguard Total Bond Market ETFState Street SPDR Portfolio Short Term Corporate Bond ETF | vs. Q1 2024 | SEC |
| Q1 2024 | May 1, 2024 | 595 | $397.6M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFVanguard Total Bond Market ETFState Street SPDR Portfolio Short Term Corporate Bond ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 6, 2024 | 592 | $374.3M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFVanguard Total Bond Market ETFState Street SPDR Portfolio Short Term Corporate Bond ETF | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 14, 2023 | 585 | $341.2M | State Street SPDR Portfolio Intermediate Term Corporate Bond ETFState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Total Bond Market ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 9, 2023 | 615 | $343.3M | State Street SPDR Portfolio Short Term Corporate Bond ETFState Street SPDR Portfolio Intermediate Term Corporate Bond ETFVanguard Total Bond Market ETF | – | SEC |