Q2 2026 13F · SEC CIK 2134889

Carlson Financial, Inc.

Wealth managerFiled 2026-08-24 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $196.1M
Reported positions: 195
Holdings vs S&P 500, 3 yrs: —
Assets under management: $632.2M

Carlson Financial, Inc. is a wealth manager that reported 195 positions worth $196.1M in its Q2 2026 13F, filed 2026-08-24. Its largest holdings were Nvidia Corporation (NVDA, 8.8%), Axon Enterprise Inc (AXON, 4.6%), Tesla Inc (TSLA, 4.1%).

Carlson Financial, Inc. holdings largest 50 of 195 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.

Carlson Financial, Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	8.8%	9.0%	86,267	-1.4%	$17.3M
AXONAxon Enterprise Inc	4.6%	3.9%	16,039	+2.7%	$9.0M
TSLATesla Inc	4.1%	4.0%	19,118	+3.6%	$8.0M
BIBLNorthern Lts Fd Tr IV	3.7%	3.4%	124,700	+0.7%	$7.2M
DGROIshares Tr	2.9%	2.9%	74,069	+4.5%	$5.6M
RDVYFirst Tr Exchange Traded Fd	2.7%	2.7%	64,855	-3.6%	$5.3M
PAVEGlobal X U.s. Infrastructure Development	2.6%	2.6%	86,025	+0.4%	$5.1M
SHOPShopify Inc	2.3%	2.7%	39,730	+1.4%	$4.5M
CATCaterpillar Inc	2.1%	1.7%	3,935	-1.5%	$4.2M
AAPLApple Inc	2.0%	2.0%	13,386	+0.7%	$3.9M
SDVYFirst Tr Exchange Traded Fd	1.9%	2.0%	85,441	-0.3%	$3.7M
AIRRFirst Tr Exchange Traded Fd	1.7%	1.6%	24,605	+3.4%	$3.3M
AMZNAmazon Com Inc	1.4%	1.4%	11,149	+0.3%	$2.7M
TPHDTimothy Plan	1.3%	1.5%	60,871	+1.1%	$2.6M
BLESNorthern Lts Fd Tr IV	1.2%	1.3%	51,333	-0.2%	$2.4M
MUMicron Technology Inc	1.2%	0.5%	2,086	-16.1%	$2.4M
FTCSFirst Tr Exchange-Traded Fd	1.2%	1.6%	25,406	-11.7%	$2.4M
MSFTMicrosoft Corp	1.1%	1.2%	5,807	+2.1%	$2.2M
CIBRFirst Tr Exchange-Traded Fd	1.0%	0.8%	21,886	+1.5%	$2.0M
PWRQuanta Svcs Inc	1.0%	0.9%	2,610	-0.9%	$1.9M
SHLDGlobal X Defense Tech ETF	1.0%	1.3%	31,488	+2.4%	$1.9M
USAIPacer Fds Tr	0.9%	1.1%	39,852	+4.6%	$1.8M
AVGOBroadcom Inc	0.9%	0.9%	4,646	-3.8%	$1.8M
ABBVAbbvie Inc	0.9%	0.9%	6,770	-1.3%	$1.7M
PPAInvesco Aerospace & Defense ETF	0.9%	0.9%	9,494	-0.9%	$1.7M
COSTCostco Wholesale Corporation	0.8%	1.1%	1,760	-9.5%	$1.6M
NLRVaneck ETF Trust	0.8%	1.1%	14,097	+1.8%	$1.6M
LMBSFirst Tr Exchange-Traded Fd	0.8%	1.0%	32,821	-1.6%	$1.6M
ISMDInspire Small/mid Cap ETF	0.8%	0.7%	31,681	+0.4%	$1.6M
CARRCarrier Global Corporation	0.8%	0.7%	21,429	-0.8%	$1.6M
BROSDutch Bros Inc Class A	0.8%	0.6%	21,239	+1.8%	$1.5M
PTLNorthern Lts Fd Tr IV	0.8%	0.8%	5,244	+1.2%	$1.5M
FVDFirst Tr Exchange-Traded Fd	0.7%	0.9%	30,031	-3.3%	$1.4M
AMDAdvanced Micro Devices Inc	0.7%	—	2,297	—	$1.3M
HYDRGlobal X Fds	0.7%	—	24,616	—	$1.3M
GLRYNorthern Lts Fd Tr IV	0.7%	0.6%	29,767	+5.2%	$1.3M
XMMOInvesco Exchange Traded Fd T	0.7%	0.6%	7,626	+0.4%	$1.3M
UPSUnited Parcel Svcs Inc	0.6%	0.7%	11,567	-0.6%	$1.2M
PLTRPalantir Technologies Inc	0.6%	0.9%	10,349	+1.3%	$1.2M
JPMJpmorgan Chase & Co	0.6%	0.6%	3,638	+3.3%	$1.2M
GRIDFirst Tr Exchange-Traded Fd	0.6%	—	5,953	—	$1.1M
HWMHowmet Aerospace Inc	0.6%	0.6%	4,227	-4.2%	$1.1M
PULSPgim ETF Tr	0.6%	0.6%	22,476	+9.0%	$1.1M
RWJInvesco Exch Traded Fd Tr II	0.6%	1.0%	18,700	-45.5%	$1.1M
UNPUnion Pac Corp	0.6%	0.6%	3,993	+0.2%	$1.1M
INCMFranklin Templeton ETF Tr	0.5%	0.6%	36,705	+9.8%	$1.1M
NEENextera Energy Inc	0.5%	—	11,810	—	$1.0M
SPCXSpace Exploration Techn Corp	0.5%	—	6,022	—	$1.0M
JMSTJ P Morgan Exchange Traded F	0.5%	0.6%	20,150	+0.0%	$1.0M
PGProcter & Gamble Co	0.5%	0.6%	6,870	+3.8%	$1.0M

What Carlson Financial, Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

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

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: —
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 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	$196.1M	195
Q1 2026	$169.6M	181

Questions about Carlson Financial, Inc.'s portfolio

What stocks does Carlson Financial, Inc. own?

Carlson Financial, Inc.'s latest 13F, for Q2 2026 and filed Aug 24, 2026, lists 195 positions worth $196.1M. The largest are Nvidia Corporation (NVDA) at 8.8%, Axon Enterprise Inc (AXON) at 4.6%, Tesla Inc (TSLA) at 4.1%, Northern Lts Fd Tr IV (BIBL) at 3.7% and Ishares Tr (DGRO) at 2.9%.

What did Carlson Financial, Inc. buy last quarter?

In Q2 2026, Carlson Financial, Inc. added Franklin Templeton ETF Tr (INCM) (+9.8% shares), Pgim ETF Tr (PULS) (+9.0% shares) and Northern Lts Fd Tr IV (GLRY) (+5.2% shares), compared with its Q1 2026 filing.

What did Carlson Financial, Inc. sell last quarter?

In Q2 2026, Carlson Financial, Inc. cut from its top 50 Valero Energy Corp (VLO), cut from its top 50 Select Sector Spdr Tr (XLE), cut from its top 50 Cava Group Inc (CAVA), cut from its top 50 Global X Fds (URA), cut from its top 50 Invesco Exch Traded Fd Tr II (XMLV), Invesco Exch Traded Fd Tr II (RWJ) (-45.5% shares), Micron Technology Inc (MU) (-16.1% shares) and First Tr Exchange-Traded Fd (FTCS) (-11.7% shares), compared with its Q1 2026 filing.

When is Carlson Financial, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Carlson Financial, 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 Carlson Financial, Inc. manage?

Carlson Financial, Inc. reported $632.2M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $196.1M.