Gradient Investments LLC

RIA/Wealth

Gradient Investments LLC is a RIA/Wealth based in Arden Hills, MN led by Michael Arthur Binger, reporting $6.6B in AUM as of Q3 2025 with 46% ETF concentration.

PresidentMichael Arthur Binger

Portfolio Value: $5.7B
Positions: 360
Top Holding: SPLG at 5.12%
Last Reported: Q3 2025

Address4105 Lexington Avenue North, Suite 250, Arden Hills, MN, 55126, United States

Top Holdings

Largest long holdings in Gradient Investments LLC's portfolio (24% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR Portfolio S&P 500 ETF SPLG	ETF ETF	$293.7M	5.12%	+$15.3M Bought	— 3.7M shares	Q4 2017 Held for 7y 11m
2 Nvidia NVDA	Semiconductors Technology	$147.9M	2.58%	+$3.8M Bought	0.00% 792.5K shares	Q2 2016 Held for 9y 5m
3 Microsoft MSFT	Software - Infrastructure Technology	$147.7M	2.57%	+$6.1M Bought	0.00% 285.2K shares	≤ Q2 2013 Held for 12y 5m+
4 Amazon AMZN	Specialty Retail Consumer Cyclical	$125.6M	2.19%	+$4.7M Bought	0.01% 571.9K shares	Q2 2015 Held for 10y 5m
5 Apple AAPL	Consumer Electronics Technology	$122.7M	2.14%	+$4.2M Bought	0.00% 482.0K shares	≤ Q2 2013 Held for 12y 5m+
6 DoubleLine Mortgage DMBS	ETF ETF	$119.6M	2.08%	+$26.4M Bought	— 2.4M shares	Q2 2023 Held for 2y 5m
7 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$119.3M	2.08%	+$425.0K Bought	0.00% 489.8K shares	Q2 2014 Held for 11y 5m
8 Avantis International Equity AVDE	ETF ETF	$103.7M	1.81%	+$8.7M Bought	— 1.3M shares	Q4 2024 Held for 11 months
9 SPDR Portfolio Aggregate Bond SPAB	ETF ETF	$99.1M	1.73%	-$1.6M Sold	— 3.8M shares	Q4 2017 Held for 7y 11m
10 Janus Henderson Mortgage-Backed Securities JMBS	ETF ETF	$97.7M	1.70%	+$6.9M Bought	— 2.1M shares	Q1 2023 Held for 2y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Gradient Investments LLC's latest filing

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Market Value

$5.7B

Prior: $5.4B

Q/Q Change

+6.78%

+$364.1M

Net Flows % of MV

-3.21%

Turnover Ratio

11.39%

New Purchases

4 stocks

$118.5M

Added To

188 stocks

+$520.2M

Sold Out Of

30 stocks

$217.0M

Reduced Holdings

116 stocks

-$605.7M

Increased Positions

Position	Shares Δ	Change
1 Angel Oak UYLD	New	0 → 1.4M +$72.0M
2 NAUG Innovator Growth-100 Power Buffer ETF NAUG	New	0 → 1.2M +$34.2M
3 KAUG Innovator US Small Cap Power Buffer ETF KAUG	New	0 → 467.3K +$12.1M
4 Bassett Furniture Industries BSET	New	0 → 10.2K +$160.0K
5 Financial Select Sector SPDR Fund XLF	+11,778.85%	6.9K → 821.2K +$43.9M

Decreased Positions

Position	Shares Δ	Change
1 The AZEK Company AZEK	Sold	496.8K → 0 −$27.0M
2 Intuit INTU	Sold	28.7K → 0 −$22.6M
3 Cardinal Health CAH	Sold	105.6K → 0 −$17.7M
4 New York Times NYT	Sold	262.4K → 0 −$14.7M
5 Ares Management Corporation ARES	Sold	82.4K → 0 −$14.3M

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Analytics

Portfolio insights and performance metrics for Gradient Investments LLC

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Sector Allocation

ETF

46.10%

Technology

12.60%

Financial Services

7.60%

Healthcare

5.40%

Consumer Cyclical

4.90%

Communication Services

4.80%

Industrials

4.40%

Consumer Defensive

3.70%

Energy

2.50%

Basic Materials

1.20%

Real Estate

1.10%

Utilities

0.90%

Market Cap Distribution

Mega Cap (> $200B)

29.49%

Large Cap ($10B - $200B)

19.43%

Mid Cap ($2B - $10B)

0.19%

Small Cap ($300M - $2B)

0.23%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

0.28%

N/A (ETF or Unknown)

50.37%

Portfolio Concentration

Top 10 Holdings %

24.0%

Top 20 Holdings %

37.93%

Top 50 Holdings %

62.19%

Top 100 Holdings %

84.06%