Accredited Investors Inc.

RIA/Wealth

Accredited Investors Inc. is a RIA/Wealth based in Edina, MN led by Jacob Wolkowitz, reporting $3.7B in AUM as of Q3 2025 with 70% ETF concentration and 54% concentrated in top 10 holdings.

CIOJacob Wolkowitz

Portfolio Value: $1.8B
Positions: 263
Top Holding: AVDV at 12.81%
Last Reported: Q3 2025

Address5200 West 73rd Street, Edina, MN, 55439-2204, United States

Top Holdings

Largest long holdings in Accredited Investors Inc.'s portfolio (54.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Avantis International Small Cap Value AVDV	ETF ETF	$229.6M	12.81%	+$7.7M Bought	— 2.6M shares	Q4 2022 Held for 2y 11m
2 Schwab U.S. Broad Market SCHB	ETF ETF	$123.6M	6.89%	-$2.0M Sold	— 4.8M shares	Q2 2015 Held for 10y 5m
3 iShares Core S&P Mid-Cap ETF IJH	ETF ETF	$107.6M	6.00%	-$25.6M Sold	— 1.6M shares	Q4 2016 Held for 8y 11m
4 Vanguard Value VTV	ETF ETF	$88.5M	4.94%	+$227.3K Bought	— 474.5K shares	Q1 2021 Held for 4y 8m
5 iShares Core S&P 500 ETF IVV	ETF ETF	$86.5M	4.82%	+$185.4K Bought	— 129.2K shares	≤ Q2 2013 Held for 12y 5m+
6 iShares Core S&P Small-Cap ETF IJR	ETF ETF	$75.4M	4.21%	-$4.9M Sold	— 634.5K shares	≤ Q2 2013 Held for 12y 5m+
7 iShares Russell 2000 IWM	ETF ETF	$73.4M	4.10%	+$18.2M Bought	— 303.5K shares	≤ Q2 2013 Held for 12y 5m+
8 United Parcel Service, Inc. UPS	Integrated Freight & Logistics Industrials	$65.5M	3.65%	—	0.09% 783.7K shares	≤ Q2 2013 Held for 12y 5m+
9 Apple AAPL	Consumer Electronics Technology	$62.2M	3.47%	+$4.3M Bought	0.00% 244.4K shares	≤ Q2 2013 Held for 12y 5m+
10 Berkshire Hathaway BRK.A	Insurance - Diversified Financial Services	$59.6M	3.32%	—	0.01% 79.0 shares	Q1 2025 Held for 8 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Accredited Investors Inc.'s latest filing

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Market Value

$1.8B

Prior: $1.7B

Q/Q Change

+6.0%

+$101.4M

Net Flows % of MV

-1.51%

Turnover Ratio

4.18%

New Purchases

19 stocks

$6.6M

Added To

92 stocks

+$53.2M

Sold Out Of

8 stocks

$1.9M

Reduced Holdings

89 stocks

-$85.0M

Increased Positions

Position	Shares Δ	Change
1 US Treasury 3 Month Bill ETF TBIL	New	0 → 22.5K +$1.1M
2 Innovator U.S. Equity Power Buffer ETF PSEP	New	0 → 24.5K +$1.1M
3 Innovator U.S. Small Cap Power Buffer ETF KOCT	New	0 → 19.3K +$636.6K
4 iShares U.S. Aerospace & Defense ITA	New	0 → 1.6K +$329.6K
5 IYJ iShares U.S. Industrials IYJ	New	0 → 2.1K +$309.8K

Decreased Positions

Position	Shares Δ	Change
1 Treace Medical Concepts, Inc. TMCI	Sold	100.0K → 0 −$588.0K
2 Morgan Stanley MSDL	Sold	20.0K → 0 −$374.4K
3 American Tower AMT	Sold	1.2K → 0 −$258.0K
4 Arthur J. Gallagher AJG	Sold	752.0 → 0 −$240.7K
5 H.B. Fuller FUL	Sold	3.7K → 0 −$221.6K