CTWM

Cherry Tree Wealth Management Portfolio holdings

AUM $430M

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2

This Quarter Return

+5.89%

1 Year Return

+9.48%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$422M

AUM Growth

+$422M (+5.9%)

Cap. Flow

+$1M

Cap. Flow % of AUM

0.24%

Top 10 Holdings % Top 10 Hldgs %

36.67%

Holding

618

New

Increased

Reduced

Closed

Top Buys

1	Dimensional US High Profitability ETF DUHP	$1.36M
2	Dimensional Global Real Estate ETF DFGR	$972K
3	Invesco S&P 500 Equal Weight ETF RSP	$670K
4	iShares iBonds Dec 2027 Term Corporate ETF IBDS	$572K
5	iShares iBonds Dec 2028 Term Corporate ETF IBDT	$523K

Top Sells

1	Invesco S&P 500 Low Volatility ETF SPLV	$1.25M
2	Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP	$484K
3	Avantis US Small Cap Value ETF AVUV	$443K
4	Vanguard High Dividend Yield ETF VYM	$382K
5	Schwab Fundamental International Small Company Index ETF FNDC	$365K

Sector Composition

1	Technology	2.16%
2	Industrials	1.91%
3	Healthcare	1.14%
4	Financials	0.75%
5	Consumer Staples	0.74%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
301	301 Intel INTC $106B	$29.1K	0.01%	1,241	–	–
302	QHY 302 WisdomTree U.S. High Yield Corporate Bond Fund QHY $199M	$28.8K	0.01%	624	–	–
303	303 Marsh & McLennan MMC $101B	$28.8K	0.01%	129	–	–
304	304 H&R Block HRB $6.74B	$28.5K	0.01%	449	–	–
305	305 Freeport-McMoran FCX $64.5B	$27.8K	0.01%	557 +23	+4%	+$1.15K
306	306 iShares MSCI Japan ETF EWJ $15.3B	$27.3K	0.01%	381	–	–
307	307 Abbott ABT $229B	$26.9K	0.01%	236	–	–
308	308 AstraZeneca AZN $249B	$26K	0.01%	334	–	–
309	309 ServiceNow NOW $189B	$25.9K	0.01%	29	–	–
310	310 iShares Exponential Technologies ETF XT $3.47B	$25.5K	0.01%	419	–	–
311	311 Dimensional International Sustainability Core 1 ETF DFSI $782M	$25.5K	0.01%	713	–	–
312	312 AutoZone AZO $70.2B	$25.2K	0.01%	8	–	–
313	313 SPDR S&P MidCap 400 ETF Trust MDY $23.6B	$25.1K	0.01%	44	–	–
314	314 iShares US Healthcare ETF IYH $2.76B	$24.4K	0.01%	375	–	–
315	315 Micron Technology MU $133B	$24K	0.01%	+231	New	+$24K
316	316 Ford F $46.6B	$23.9K	0.01%	2,267	–	–
317	317 Pacer US Cash Cows 100 ETF COWZ $20B	$23.7K	0.01%	410	–	–
318	318 SPDR Portfolio Corporate Bond ETF SPBO $1.68B	$23.7K	0.01%	+788	New	+$23.7K
319	319 Vanguard Small-Cap Growth ETF VBK $20B	$23.5K	0.01%	88 +57	+184%	+$15.2K
320	320 Thermo Fisher Scientific TMO $186B	$23.5K	0.01%	38	–	–
321	321 Broadcom AVGO $1.4T	$23.3K	0.01%	135 +121	+864%	+$20.9K
322	322 Boeing BA $179B	$23.3K	0.01%	153	–	–
323	323 Harley-Davidson HOG $3.56B	$23.1K	0.01%	600	–	–
324	324 DuPont de Nemours DD $31.7B	$22.9K	0.01%	258	–	–
325	325 Vanguard Intermediate-Term Corporate Bond ETF VCIT $54B	$22.6K	0.01%	270	–	–