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 American Centy ETF Tr (AVDV, 12.0%), Sezzle Inc. (SEZL, 6.0%), Vanguard Intl Equity Index F (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
AVDVAmerican Centy ETF Tr	12.0%	14.2%	2,685,375	+2.0%	$276.7M
SEZLSezzle Inc.	6.0%	3.0%	807,442	-8.9%	$138.6M
VEUVanguard Intl Equity Index F	6.0%	0.6%	1,648,027	+933.7%	$138.0M
SCHBSchwab Strategic Tr	5.6%	6.2%	4,443,846	-3.5%	$128.7M
VTVVanguard Index Fds	5.5%	5.8%	583,998	+6.7%	$127.3M
IWMIshares Tr	4.7%	4.7%	365,770	+3.0%	$109.9M
IJHIshares Tr	4.6%	5.1%	1,394,914	-1.3%	$107.6M
IVVIshares Tr	4.5%	4.7%	138,176	+2.6%	$103.5M
IJRIshares Tr	4.3%	4.5%	674,815	+1.6%	$100.1M
UPSUnited Parcel Svcs Inc	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
EFAIshares Tr	2.5%	3.0%	546,667	-4.5%	$56.8M
AMZNAmazon Com Inc	2.4%	2.5%	235,475	+5.7%	$56.1M
VTIPVanguard Malvern Fds	2.2%	—	1,014,386	—	$51.0M
IWFIshares Tr	2.0%	2.1%	363,802	+293.9%	$45.2M
SPYVState Street Spdr Portfolio S&p 500 Valu	1.8%	2.2%	701,724	-2.9%	$42.7M
VTVanguard Intl Equity Index F	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 Tr	1.1%	1.2%	170,300	-3.3%	$24.9M
VEAVanguard Ftse Developed Markets Index Fu	1.0%	1.2%	328,571	-3.1%	$23.4M
RBLXRoblox Corp	0.9%	1.1%	376,574	+0.0%	$20.5M
EFVIshares Tr	0.8%	0.9%	231,526	-1.4%	$17.7M
SPYState Str Spdr S&p 500 ETF T	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	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 in	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 Rafi US 1500 Small-Mid ETF	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 Tr	0.3%	0.4%	52,268	-1.3%	$8.1M
VTIVanguard Index Fds	0.3%	0.3%	20,393	+2.6%	$7.5M
VBVanguard Index Fds	0.3%	0.4%	24,724	-5.2%	$7.5M
IWSIshares Tr	0.3%	0.4%	42,995	-8.1%	$7.1M
ESGDiShares ESG Aware MSCI EAFE ETF	0.3%	0.3%	63,199	-0.4%	$6.5M
GOOGLAlphabet Inc	0.3%	0.3%	17,147	-5.7%	$6.1M
VGKVanguard Ftse Europe ETF	0.3%	0.7%	66,268	-57.0%	$5.9M
JPMJpmorgan Chase & Co	0.2%	0.3%	17,511	-14.8%	$5.7M
VOOVanguard Index Fds	0.2%	0.2%	7,914	+8.1%	$5.4M
USXFIshares Tr	0.2%	—	71,097	—	$4.9M
UNHUnitedhealth Group Inc	0.2%	—	11,819	—	$4.9M
MMM3m Co	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 Intl Equity Index F+933.7% shares
MGK Vanguard World Fd+410.6% shares
IWF Ishares Tr+293.9% shares
VO Vanguard Index Fds+267.8% shares
DMXF Ishares Tr+20.2% shares
VOO Vanguard Index Fds+8.1% shares
MMM 3m Co+6.8% shares
VTV Vanguard Index Fds+6.7% shares

Reduced

VGK Vanguard Ftse Europe ETF-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 Tr-8.1% shares
NVDA Nvidia Corporation-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, 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	$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 American Centy ETF Tr (AVDV) at 12.0%, Sezzle Inc. (SEZL) at 6.0%, Vanguard Intl Equity Index F (VEU) at 6.0%, Schwab Strategic Tr (SCHB) at 5.6% and Vanguard Index Fds (VTV) at 5.5%.

What did Accredited Investors Inc. buy last quarter?

In Q2 2026, Accredited Investors Inc. added Vanguard Intl Equity Index F (VEU) (+933.7% shares), Vanguard World Fd (MGK) (+410.6% shares) and Ishares Tr (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 Tr (OEF), cut from its top 50 General Mills Inc (GIS), cut from its top 50 Meta Platforms Inc (META), cut from its top 50 Ishares Tr (SUSB), Vanguard Ftse Europe ETF (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.