CTWM

Cherry Tree Wealth Management Portfolio holdings

AUM $430M

1-Year Return 9.48%

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

This Quarter Return

+5.45%

1 Year Return

+9.48%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$430M

AUM Growth

+$15.6M (+3.8%)

Cap. Flow

-$5.13M

Cap. Flow % of AUM

-1.19%

Top 10 Holdings % Top 10 Hldgs %

36.39%

Holding

769

New

Increased

Reduced

205

Closed

163

Top Buys

1	Vanguard Tax-Exempt Bond Index Fund VTEB	$1.56M
2	Dimensional US High Profitability ETF DUHP	$316K
3	Vanguard Small-Cap ETF VB	$287K
4	Avantis US Large Cap Value ETF AVLV	$255K
5	Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP	$216K

Top Sells

1	SPDR Portfolio Short Term Corporate Bond ETF SPSB	$733K
2	Vanguard Total Bond Market BND	$708K
3	SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB	$661K
4	iShares iBonds Dec 2026 Term Corporate ETF IBDR	$323K
5	Vanguard FTSE All-World ex-US ETF VEU	$316K

Sector Composition

1	Industrials	2.28%
2	Technology	2.09%
3	Financials	1.47%
4	Healthcare	0.91%
5	Consumer Staples	0.6%

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
576	576 FIVE9 FIVN $2.04B	$610	﹤0.01%	23	–	–
577	577 PACCAR PCAR $51.7B	$571	﹤0.01%	6 -18	-75%	-$1.71K
578	578 Roper Technologies ROP $56B	$567	﹤0.01%	1	–	–
579	579 Intercontinental Exchange ICE $99.5B	$551	﹤0.01%	3	–	–
580	580 Martin Marietta Materials MLM $37.4B	$549	﹤0.01%	1	–	–
581	581 Idexx Laboratories IDXX $51.8B	$537	﹤0.01%	1	–	–
582	582 Fortinet FTNT $60.3B	$529	﹤0.01%	5	–	–
583	GTM 583 ZoomInfo Technologies GTM $3.26B	$527	﹤0.01%	52	–	–
584	584 TE Connectivity TEL $61.3B	$507	﹤0.01%	3	–	–
585	585 Organon & Co OGN $2.65B	$446	﹤0.01%	46	–	–
586	586 Colgate-Palmolive CL $68.7B	$410	﹤0.01%	5	–	–
587	587 Copart CPRT $45.5B	$393	﹤0.01%	8	–	–
588	588 Steris STE $24.1B	$361	﹤0.01%	2	–	–
589	589 AMN Healthcare AMN $789M	$352	﹤0.01%	17	–	–
590	590 iShares TIPS Bond ETF TIP $13.6B	$331	﹤0.01%	3	–	–
591	591 United Airlines UAL $34.5B	$319	﹤0.01%	4	–	–
592	BRSL 592 Brightstar Lottery PLC BRSL $3.2B	$317	﹤0.01%	20	–	–
593	593 United Parcel Service UPS $72.1B	$303	﹤0.01%	3	–	–
594	594 Definitive Healthcare DH $421M	$301	﹤0.01%	77	–	–
595	595 Lumen LUMN $4.85B	$294	﹤0.01%	67	–	–
596	596 Brighthouse Financial BHF $2.5B	$269	﹤0.01%	5	–	–
597	597 Tapestry TPR $21.6B	$264	﹤0.01%	3	–	–
598	WBA 598 DELISTED Walgreens Boots Alliance WBA	$242	﹤0.01%	21	–	–
599	599 Nokia NOK $24.6B	$203	﹤0.01%	39	–	–
600	600 CenterPoint Energy CNP $24.4B	$184	﹤0.01%	5	–	–