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Livermore
Livermore
ZHEN

Cherry Tree Wealth Management, LLC

SEC CIK
0001985414
Latest filing
Sep 15, 2026

Holdings in Q3 2023

Holdings as of Sep 30, 2023, filed Nov 14, 2023. Long positions only; changes compare share counts with Q2 2023.

Institution overview
Positions
585
−30 vs. Q2 2023
Portfolio value
$341.2M
−$2.09M (−0.6%) vs. Q2 2023
Filed
Nov 14, 2023
SEC
Holdings of Cherry Tree Wealth Management, LLC in Q3 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375ETF710,795$22.4M6.6%+166,669+30.6%Added–
State Street SPDR Portfolio Short Term Corporate Bond ETF78464A474ETF647,575$19.0M5.6%−10,695−1.6%Reduced–
Vanguard Total Bond Market ETF921937835ETF262,025$18.3M5.4%+22,386+9.3%Added–
Vanguard Morningstar Value ETF922908744ETF114,667$15.8M4.6%+3,233+2.9%Added–
SPDR Series Trust78468R200ST STR RATE ETF399,734$12.3M3.6%−47,678−10.7%Reduced–
Vanguard Morningstar Small-Cap Value ETF922908611ETF67,722$10.8M3.2%+2,500+3.8%Added–
Vanguard High Dividend Yield Index ETF921946406ETF101,959$10.5M3.1%+1,649+1.6%Added–
Vanguard Ftse Developed Markets ETF921943858ETF235,908$10.3M3.0%+14,361+6.5%Added–
iShares Core S&P 500 ETF464287200ETF23,750$10.2M3.0%−745−3.0%Reduced–
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD128,973$9.69M2.8%−7,332−5.4%Reduced–
Dimensional U.S. Core Equity 2 ETF25434V708ETF356,714$9.35M2.7%−2,386−0.7%Reduced–
Vanguard Malvern FDS922020805STRM INFPROIDX191,581$9.06M2.7%−33,084−14.7%Reduced–
Vanguard Short-Term Bond ETF921937827ETF113,840$8.56M2.5%−6,970−5.8%Reduced–
Vanguard Ftse All-World Ex-US Index Fund922042775ETF145,987$7.57M2.2%+1,780+1.2%Added–
Invesco Exch Traded FD Tr II46138E354S&P500 LOW VOL119,668$7.04M2.1%−4,262−3.4%Reduced–
Vanguard Morningstar Small-Cap ETF922908751ETF36,807$6.96M2.0%+2,107+6.1%Added–
Schwab Fundamental International Equity ETF808524755ETF201,348$6.38M1.9%+7,650+3.9%Added–
TITNTitan Machinery Inc.COM235,529$6.26M1.8%00.0%UnchangedHistory
Vanguard Whitehall FDS921946794INTL HIGH ETF93,247$5.77M1.7%+3,353+3.7%Added–
Schwab Fundamental International Small Equity ETF808524748ETF167,505$5.38M1.6%+10,349+6.6%Added–
Dimensional ETF Trust25434V724US MKTWIDE VALUE154,275$5.25M1.5%−260−0.2%Reduced–
Dimensional U.S. Targeted Value ETF25434V609ETF110,596$5.05M1.5%−696−0.6%Reduced–
Invesco Exch Traded FD Tr II46138E511PFD ETF457,019$5.00M1.5%+27,003+6.3%Added–
Vanguard Ftse Emerging Markets ETF922042858ETF123,136$4.83M1.4%+5,205+4.4%Added–
Vanguard Star FDS921909768VG TL INTL STK F84,109$4.50M1.3%+2,167+2.6%Added–
Vanguard Real Estate ETF922908553ETF50,737$3.84M1.1%+1,794+3.7%Added–
American Centy ETF Tr025072604AVANTIS EMGMKT54,986$2.90M0.9%+3,082+5.9%Added–
Vanguard Morningstar Total Stock Market ETF922908769ETF13,022$2.77M0.8%+20.0%Added–
Vanguard Scottsdale FDS92206C706INTER TERM TREAS47,252$2.70M0.8%+850+1.8%Added–
MSFTMicrosoft CorpStock8,397$2.65M0.8%+172+2.1%AddedHistory
AAPLApple Inc.Stock15,028$2.57M0.8%−318−2.1%ReducedHistory
Schwab International Equity ETF808524805ETF73,274$2.49M0.7%+2,802+4.0%Added–
iShares Core U.S. Aggregate Bond ETF464287226ETF25,783$2.42M0.7%+2,013+8.5%Added–
Vanguard Mun BD FDS922907746TAX EXEMPT BD47,585$2.29M0.7%+14,463+43.7%Added–
Dimensional World Ex U.S. Core Equity 2 ETF25434V880ETF97,681$2.20M0.6%+1,772+1.8%Added–
Schwab U.S. Broad Market ETF808524102ETF41,709$2.08M0.6%−1,079−2.5%Reduced–
WisdomTree Tr97717W208US HIGH DIVIDEND22,388$1.75M0.5%−804−3.5%Reduced–
iShares Tr464287150CORE S&P TTL STK17,461$1.64M0.5%+927+5.6%Added–
iShares Tr46434VBG4IBONDS DEC24 ETF66,144$1.64M0.5%+1,373+2.1%Added–
Schwab US Aggregate Bond ETF808524839ETF35,204$1.56M0.5%+6,793+23.9%Added–
J P Morgan Exchange Traded F46641Q332EQUITY PREMIUM28,485$1.53M0.4%+14,102+98.0%Added–
SPYSPDR S&P 500 ETF TrustETF3,512$1.50M0.4%+35+1.0%AddedHistory
Invesco Exchange Traded FD T46137V357S&P500 EQL WGT10,582$1.50M0.4%+10,179+2,525.8%Added–
EMREmerson Electric CoStock15,361$1.48M0.4%−522−3.3%ReducedHistory
iShares Core MSCI Eafe ETF46432F842ETF20,757$1.34M0.4%+86+0.4%Added–
Dimensional ETF Trust25434V658GLOBAL REAL EST59,445$1.33M0.4%+2,611+4.6%Added–
iShares MSCI USA Min Vol Factor ETF46429B697ETF17,145$1.24M0.4%−906−5.0%Reduced–
iShares Tr46436E874IBONDS 24 TRM TS51,223$1.22M0.4%+970+1.9%Added–
MDTMedtronic plcStock15,135$1.19M0.3%+3,474+29.8%AddedHistory
Vanguard Morningstar Growth ETF922908736ETF4,319$1.18M0.3%−66−1.5%Reduced–
Dimensional U.S. Small Cap ETF25434V500ETF22,072$1.16M0.3%+354+1.6%Added–
Flexshares Tr33939L761CR SCD US BD24,782$1.14M0.3%−316−1.3%Reduced–
Vanguard Ftse All-World Ex-US Small-Cap ETF922042718ETF10,678$1.13M0.3%−92−0.9%Reduced–
Schwab U.S. Large-Cap ETF808524201ETF21,493$1.09M0.3%−206−0.9%Reduced–
Dimensional ETF Trust25434V807INTERNATNAL VAL32,680$1.07M0.3%−901−2.7%Reduced–
iShares Tr464288414NATIONAL MUN ETF9,515$975.7K0.3%−4,349−31.4%Reduced–
Vanguard S&P 500 ETF922908363ETF2,460$966.0K0.3%−249−9.2%Reduced–
iShares Tr464288687PFD AND INCM SEC31,080$937.1K0.3%00.0%Unchanged–
State Street SPDR Portfolio S&P 500 ETF78464A854ETF17,438$876.4K0.3%+1,700+10.8%Added–
JPMorgan Ultra-Short Income ETF46641Q837ETF17,168$861.5K0.3%+735+4.5%Added–
iShares Core MSCI Emerging Markets ETF46434G103ETF17,640$839.5K0.2%+1,118+6.8%Added–
LLYEli Lilly & CoStock1,553$834.2K0.2%00.0%UnchangedHistory
MMM3M CoStock8,903$833.5K0.2%+78+0.9%AddedHistory
DNPDNP Select Income Fund IncCOM86,855$826.9K0.2%00.0%UnchangedHistory
Vanguard World FD921910733ESG US STK ETF9,844$740.5K0.2%−1,062−9.7%Reduced–
iShares Tr46434VAX8IBONDS DEC23 ETF28,434$721.1K0.2%00.0%Unchanged–
iShares Tr464288646ISHS 1-5YR INVS13,643$679.8K0.2%−1,896−12.2%Reduced–
HRLHormel Foods CorpCOM17,375$660.8K0.2%00.0%UnchangedHistory
iShares Tr46429B655FLTG RATE NT ETF12,757$649.2K0.2%−384−2.9%Reduced–
Global X FDS37954Y657US PFD ETF34,465$648.3K0.2%−1,452−4.0%Reduced–
iShares Tr464288158SHRT NAT MUN ETF6,149$632.5K0.2%−289−4.5%Reduced–
iShares Ibonds Dec 2025 Term Corporate ETF46434VBD1ETF24,124$587.9K0.2%+2,325+10.7%Added–
iShares Tr46436E882IBONDS 23 TRM TS23,637$586.7K0.2%00.0%Unchanged–
Vanguard Utilities ETF92204A876ETF4,590$585.4K0.2%−366−7.4%Reduced–
JPMJPMorgan Chase & CoStock3,961$574.4K0.2%+334+9.2%AddedHistory
iShares Russell 2000 ETF464287655ETF3,209$567.2K0.2%+7+0.2%Added–
PGProcter & Gamble CoStock3,884$566.5K0.2%+2+0.1%AddedHistory
iShares Inc464286533MSCI EMERG MRKT10,590$565.0K0.2%00.0%Unchanged–
iShares MSCI Eafe Min Vol Factor ETF46429B689ETF8,367$545.7K0.2%00.0%Unchanged–
Vanguard Intl Equity Index F922042676GLB EX US ETF12,675$493.4K0.1%−818−6.1%Reduced–
USBUS Bancorp DECOM NEW14,892$492.3K0.1%00.0%UnchangedHistory
iShares Core MSCI Total International Stock ETF46432F834ETF8,200$491.9K0.1%−82−1.0%Reduced–
iShares Tr464288877EAFE VALUE ETF9,966$487.6K0.1%00.0%Unchanged–
WisdomTree Tr97717W604US SMALLCAP DIVD16,992$479.2K0.1%−971−5.4%Reduced–
State Street Utilities Select Sector SPDR ETF81369Y886ETF7,794$459.3K0.1%−643−7.6%Reduced–
iShares Tr4642874571 3 YR TREAS BD5,662$458.5K0.1%00.0%Unchanged–
iShares Core S&P Small Cap ETF464287804ETF4,562$430.3K0.1%−41−0.9%Reduced–
AXPAmerican Express CoStock2,879$429.5K0.1%00.0%UnchangedHistory
VanEck ETF Trust92189F106GOLD MINERS ETF15,668$421.6K0.1%−400−2.5%Reduced–
PEPPepsiCo IncStock2,456$416.1K0.1%+22+0.9%AddedHistory
VanEck ETF Trust92189F528VANECK SHRT MUNI24,254$404.8K0.1%−3,590−12.9%Reduced–
Dimensional Emerging Core Equity Market ETF25434V302ETF17,837$402.6K0.1%+638+3.7%Added–
iShares MSCI USA Quality Factor ETF46432F339ETF3,018$397.7K0.1%+729+31.8%Added–
Vanguard Dividend Appreciation ETF921908844ETF2,537$394.2K0.1%+719+39.5%Added–
Nushares ETF Tr67092P870NUVEEN ESG US18,305$386.2K0.1%00.0%Unchanged–
Vanguard Morningstar Large-Cap ETF922908637ETF1,898$371.4K0.1%00.0%Unchanged–
PIMCO ETF Tr72201R2051-5 US TIP IDX7,309$366.1K0.1%00.0%Unchanged–
iShares Tr464288356CALIF MUN BD ETF6,669$365.7K0.1%00.0%Unchanged–
iShares Tr464288448INTL SEL DIV ETF14,298$363.2K0.1%00.0%Unchanged–
KMIKinder Morgan, Inc.Stock21,737$360.4K0.1%00.0%UnchangedHistory

Sold out since Q2 2023 (44)

Positions held at the end of Q2 2023 that are gone from this filing.

Positions of Cherry Tree Wealth Management, LLC sold out since Q2 2023
SecurityClassShares in Q2 2023Value in Q2 2023% of portfolio in Q2 2023History
MMPMagellan Midstream Partners, L.P.COM UNIT RP LP2,280$142.1K<0.1%History
iShares Tr46434V878ULTRA SHORT DUR2,632$132.4K<0.1%–
Invesco Exch Traded FD Tr II46138E198S&P MIDCP LOW512$26.5K<0.1%–
Global X FDS37960A669SUPERDIVIDEND1,064$17.8K<0.1%–
First Trust Rising Dividend Achievers ETF33738R506ETF282$13.3K<0.1%–
Nushares ETF Tr67092P607NUVEEN ESG SMLCP311$11.5K<0.1%–
First Tr Exchange-Traded FD33734H106SHS280$11.2K<0.1%–
iShares Tr464288208MRGSTR MD CP ETF117$7.41K<0.1%–
iShares S&P 500 Growth ETF464287309ETF70$4.93K<0.1%–
Schwab Strategic Tr808524862SHT TM US TRES102$4.90K<0.1%–
Vanguard Energy ETF92204A306ETF30$3.39K<0.1%–
Global X FDS37954Y715RBTCS ARTFL INTE85$2.44K<0.1%–
SPDR Series Trust78468R556SP O&G EXPL PRO16$2.06K<0.1%–
Abrdn ETFs003261203BBRG ALL COMMDY54$1.72K<0.1%–
iShares Tr464288612INTRM GOV CR ETF7$721<0.1%–
MCOMoodys CorpStock2$696<0.1%History
SPLKSplunk IncCOM5$531<0.1%History
ADMArcher-Daniels-Midland CoStock6$416<0.1%History
CHTRCharter Communications, Inc.CL A1$368<0.1%History
PAYXPaychex IncStock3$336<0.1%History
DALDelta Air Lines, Inc.COM NEW7$310<0.1%History
APDAir Products & Chemicals, Inc.Stock1$300<0.1%History
HLTHilton Worldwide Holdings Inc.COM2$292<0.1%History
MNSTMonster Beverage CorpCOM5$288<0.1%History
SPDR Series Trust78468R671SP KENSHO FUTR5$245<0.1%–
YUMYum Brands IncStock2$208<0.1%History
CHDChurch & Dwight Co IncCOM2$201<0.1%History
ELEstee Lauder Companies IncCL A1$197<0.1%History
AKAMAkamai Technologies IncCOM2$180<0.1%History
CCKCrown Holdings, Inc.COM2$174<0.1%History
TJXTJX Companies IncStock2$170<0.1%History
XYZBlock, Inc.CL A3$167<0.1%History
WRKWestRock CoCOM6$160<0.1%History
TRUTransUnionCOM2$157<0.1%History
RSGRepublic Services, Inc.COM1$154<0.1%History
FTVFortive CorpStock2$150<0.1%History
VMWVmware LLCCL A COM1$144<0.1%History
CSXCSX CorpStock3$103<0.1%History
GPNGlobal Payments IncStock1$99<0.1%History
MTCHMatch Group, Inc.COM2$84<0.1%History
FISFidelity National Information Services, Inc.Stock2$83<0.1%History
OKTAOkta, Inc.CL A1$70<0.1%History
TWLOTwilio IncCL A1$64<0.1%History
VMEOVimeo, Inc.COMMON STOCK1$5<0.1%History