Q2 2026 13F · SEC CIK 1518364

Accredited Investors Inc.

Wealth managerFiled 2026-07-21 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.3B
Reported positions: 299
Top holdings a year, 3 yrs: +15.1%
Assets under management: $4.4B

Accredited Investors Inc. is a wealth manager that reported 299 positions worth $2.3B in its Q2 2026 13F, filed 2026-07-21. Its largest holdings were Avantis International Small Cap Value Et (AVDV, 12.0%), Sezzle Inc. (SEZL, 6.0%), Vanguard FTSE All (VEU, 6.0%). A portfolio copying its top holdings returned 15.1% a year over the last 3 years, against 20.4% for the S&P 500.

Accredited Investors Inc. holdings largest 50 of 299 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Accredited Investors Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
AVDVAvantis International Small Cap Value Et	12.0%	14.2%	2,685,375	+2.0%	$276.7M
SEZLSezzle Inc.	6.0%	3.0%	807,442	-8.9%	$138.6M
VEUVanguard FTSE All	6.0%	0.6%	1,648,027	+933.7%	$138.0M
SCHBSchwb US Broad	5.6%	6.2%	4,443,846	-3.5%	$128.7M
VTVVanguard Value ETF	5.5%	5.8%	583,998	+6.7%	$127.3M
IWMIshares	4.7%	4.7%	365,770	+3.0%	$109.9M
IJHIshares Tr	4.6%	5.1%	1,394,914	-1.3%	$107.6M
IVVIshares Core S&p 500 ETF	4.5%	4.7%	138,176	+2.6%	$103.5M
IJRIshares Core S&p Small Cap ETF	4.3%	4.5%	674,815	+1.6%	$100.1M
UPSUnited Parcel Svcs Inc Cl B	3.6%	4.2%	783,975	+0.0%	$84.3M
BRK-ABerkshire Hathaway Inc Del	3.0%	3.6%	93	+0.0%	$69.6M
AAPLApple Inc	2.5%	2.9%	201,547	-5.9%	$58.3M
EFAiShs MSCI EAFE	2.5%	3.0%	546,667	-4.5%	$56.8M
AMZNAmazon Com Inc Com	2.4%	2.5%	235,475	+5.7%	$56.1M
VTIPVanguard Malvern Fds	2.2%	—	1,014,386	—	$51.0M
IWFIshares Russell 1000 Growth ETF	2.0%	2.1%	363,802	+293.9%	$45.2M
SPYVSpdr Series Trust	1.8%	2.2%	701,724	-2.9%	$42.7M
VTVanguard Total World Stock Index Fund Et	1.5%	1.7%	225,134	-0.1%	$35.3M
BRK-BBerkshire Hathaway Inc Del	1.1%	1.5%	51,302	-10.9%	$25.7M
CHRWC H Robinson Worldwide in	1.1%	1.2%	133,220	+0.5%	$25.1M
IWPIshares Russell Mid-Cap Growth ETF	1.1%	1.2%	170,300	-3.3%	$24.9M
VEAVanguard Tax-Managed Fds	1.0%	1.2%	328,571	-3.1%	$23.4M
RBLXRoblox Corporation	0.9%	1.1%	376,574	+0.0%	$20.5M
EFVIshares Tr	0.8%	0.9%	231,526	-1.4%	$17.7M
SPYSpdr S&p 500 ETF Tr	0.8%	0.8%	23,357	-0.9%	$17.4M
ESMLIshares Tr	0.7%	0.8%	302,150	+1.0%	$16.9M
MSFTMicrosoft Corp	0.7%	0.8%	41,190	-0.1%	$15.4M
EAGGIshares Tr	0.6%	0.7%	286,286	-0.4%	$13.6M
NVDANvidia Corporation Com	0.6%	0.6%	64,436	-6.6%	$12.9M
GOOGAlphabet Inc	0.6%	0.6%	36,281	-1.5%	$12.8M
ADPAutomatic Data Processing Inc Com	0.5%	0.6%	51,844	+0.0%	$11.6M
FNDASchwab Strategic Tr	0.4%	0.5%	266,452	-6.0%	$10.1M
ONBOld Natl Bancorp Ind	0.4%	0.4%	366,545	+0.0%	$9.5M
PRFZInvesco Exchange Traded Fd T	0.4%	0.4%	161,715	-4.2%	$9.0M
MGKVanguard World Fd	0.4%	0.4%	99,742	+410.6%	$8.8M
VOVanguard Index Fds	0.4%	0.5%	107,802	+267.8%	$8.7M
DMXFIshares Tr	0.4%	0.3%	101,689	+20.2%	$8.6M
SUSAiShares MSCI USA ESG Select ETF	0.3%	0.4%	52,268	-1.3%	$8.1M
VTIVanguard Index Fds	0.3%	0.3%	20,393	+2.6%	$7.5M
VBVanguard Indx Fd	0.3%	0.4%	24,724	-5.2%	$7.5M
IWSIshares Russell Mid-Cap Value ETF	0.3%	0.4%	42,995	-8.1%	$7.1M
ESGDIshares Msci Eafe Esg	0.3%	0.3%	63,199	-0.4%	$6.5M
GOOGLAlphabet Inc	0.3%	0.3%	17,147	-5.7%	$6.1M
VGKVanguard Intl Equity Index F	0.3%	0.7%	66,268	-57.0%	$5.9M
JPMJpmorgan Chase & Co	0.2%	0.3%	17,511	-14.8%	$5.7M
VOOVanguard S&p 500 ETF	0.2%	0.2%	7,914	+8.1%	$5.4M
USXFiShares ESG Advanced MSCI USA E	0.2%	—	71,097	—	$4.9M
UNHUnitedhealth Group Inc Com	0.2%	—	11,819	—	$4.9M
MMM3m Co Com	0.2%	0.2%	29,686	+6.8%	$4.8M
QQQInvesco Qqq Tr	0.2%	—	6,213	—	$4.6M

What Accredited Investors Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

VEU Vanguard FTSE All+933.7% shares
MGK Vanguard World Fd+410.6% shares
IWF Ishares Russell 1000 Growth ETF+293.9% shares
VO Vanguard Index Fds+267.8% shares
DMXF Ishares Tr+20.2% shares
VOO Vanguard S&p 500 ETF+8.1% shares
MMM 3m Co Com+6.8% shares
VTV Vanguard Value ETF+6.7% shares

Reduced

VGK Vanguard Intl Equity Index F-57.0% shares
JPM Jpmorgan Chase & Co-14.8% shares
BRK-B Berkshire Hathaway Inc Del-10.9% shares
SEZL Sezzle Inc.-8.9% shares
IWS Ishares Russell Mid-Cap Value ETF-8.1% shares
NVDA Nvidia Corporation Com-6.6% shares
FNDA Schwab Strategic Tr-6.0% shares
AAPL Apple Inc-5.9% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +21.5% /yr; S&P 500 +20.1%
3 years: +15.1% /yr; S&P 500 +20.4%
5 years: +5.3% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.3B	299
Q1 2026	$1.9B	281
Q4 2025	$1.9B	284
Q3 2025	$1.8B	264
Q2 2025	$1.7B	239
Q1 2025	$1.6B	238
Q4 2024	$1.7B	228
Q3 2024	$1.7B	236
Q2 2024	$1.6B	220
Q1 2024	$1.6B	210
Q4 2023	$1.4B	195
Q3 2023	$1.3B	192

Questions about Accredited Investors Inc.'s portfolio

What stocks does Accredited Investors Inc. own?

Accredited Investors Inc.'s latest 13F, for Q2 2026 and filed Jul 21, 2026, lists 299 positions worth $2.3B. The largest are Avantis International Small Cap Value Et (AVDV) at 12.0%, Sezzle Inc. (SEZL) at 6.0%, Vanguard FTSE All (VEU) at 6.0%, Schwb US Broad (SCHB) at 5.6% and Vanguard Value ETF (VTV) at 5.5%.

What did Accredited Investors Inc. buy last quarter?

In Q2 2026, Accredited Investors Inc. added Vanguard FTSE All (VEU) (+933.7% shares), Vanguard World Fd (MGK) (+410.6% shares) and Ishares Russell 1000 Growth ETF (IWF) (+293.9% shares), compared with its Q1 2026 filing.

What did Accredited Investors Inc. sell last quarter?

In Q2 2026, Accredited Investors Inc. cut from its top 50 Ishares S&p 100 ETF (OEF), cut from its top 50 General Mills Inc (GIS), cut from its top 50 Meta Platforms Inc Class A (META), cut from its top 50 Ishares Tr (SUSB), Vanguard Intl Equity Index F (VGK) (-57.0% shares), Jpmorgan Chase & Co (JPM) (-14.8% shares) and Berkshire Hathaway Inc Del (BRK-B) (-10.9% shares), compared with its Q1 2026 filing.

How has Accredited Investors Inc.'s portfolio performed?

A portfolio copying Accredited Investors Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +15.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +21.5% against +20.1%. Over 5 years: +5.3% a year against +11.6%.

When is Accredited Investors Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Accredited Investors Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Accredited Investors Inc. manage?

Accredited Investors Inc. reported $4.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $2.3B.