Prairiewood Capital, LLC

RIA/Wealth

Prairiewood Capital, LLC is a RIA/Wealth based in Kansas City, MO led by Steven Michael Nelson, managing $301.6M across 79 long positions as of Q3 2025 with 81% ETF concentration, 68% concentrated in top 10 holdings, and 19% allocation to FNDA.

Managing PartnerSteven Michael Nelson

Portfolio Value: $301.6M
Positions: 79
Top Holding: FNDA at 18.92%
Last Reported: Q3 2025

Address4900 Main Street, Suite 700, Kansas City, MO, 64112, United States

Top Holdings

Largest long holdings in Prairiewood Capital, LLC's portfolio (68.5% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Schwab Fundamental U.S. Small Company FNDA	ETF ETF	$57.1M	18.92%	+$2.3M Bought	— 1.8M shares	Q4 2020 Held for 4y 11m
2 Schwab Fundamental U.S. Large Company FNDX	ETF ETF	$45.4M	15.06%	+$4.0M Bought	— 1.7M shares	Q4 2020 Held for 4y 11m
3 FNDF Schwab Fundamental International Equity FNDF	ETF ETF	$22.5M	7.45%	+$807.6K Bought	— 523.1K shares	Q4 2020 Held for 4y 11m
4 SPDR S&P Global Natural Resources GNR	ETF ETF	$14.4M	4.76%	+$924.6K Bought	— 242.7K shares	Q4 2020 Held for 4y 11m
5 Schwab U.S. TIPS SCHP	ETF ETF	$12.2M	4.05%	+$1.4M Bought	— 453.4K shares	Q4 2020 Held for 4y 11m
6 SCHO Schwab Short-Term U.S. Treasury SCHO	ETF ETF	$12.1M	4.02%	+$1.5M Bought	— 496.4K shares	Q4 2020 Held for 4y 11m
7 Schwab Fundamental International Small Company Index ETF FNDC	ETF ETF	$12.0M	3.98%	+$172.2K Bought	— 269.8K shares	Q4 2020 Held for 4y 11m
8 FNDE Schwab Fundamental Emerging Markets Equity FNDE	ETF ETF	$11.5M	3.82%	+$408.1K Bought	— 318.9K shares	Q4 2020 Held for 4y 11m
9 Avantis Real Estate AVRE	ETF ETF	$11.4M	3.78%	+$985.9K Bought	— 256.6K shares	Q4 2023 Held for 1y 11m
10 Vanguard Real Estate VNQ	ETF ETF	$8.0M	2.65%	+$820.6K Bought	— 87.3K shares	Q3 2022 Held for 3y 2m

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Changes

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

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Market Value

$301.6M

Prior: $269.4M

Q/Q Change

+11.97%

+$32.2M

Net Flows % of MV

+5.62%

Turnover Ratio

3.7%

New Purchases

5 stocks

$1.2M

Added To

34 stocks

+$18.4M

Sold Out Of

4 stocks

$1.2M

Reduced Holdings

22 stocks

-$1.5M

Increased Positions

Position	Shares Δ	Change
1 Nvidia NVDA	New	0 → 1.6K +$306.7K
2 Dimensional U.S. Core Equity 2 DFAC	New	0 → 6.7K +$258.1K
3 iShares Core MSCI Emerging Markets IEMG	New	0 → 3.7K +$242.3K
4 Alphabet Inc. GOOG	New	0 → 920.0 +$224.1K
5 SPDR S&P 500 ETF Trust SPY	New	0 → 313.0 +$208.5K

Decreased Positions

Position	Shares Δ	Change
1 Williams-Sonoma WSM	Sold	3.2K → 0 −$528.2K
2 Gilead Sciences GILD	Sold	3.2K → 0 −$357.8K
3 Harmony Biosciences Holdings, Inc. HRMY	Sold	10.5K → 0 −$331.3K
4 Ironwood Pharmaceuticals IRWD	Sold	24.7K → 0 −$17.7K
5 Taseko Mines TGB	-41.67%	24.0K → 14.0K −$42.3K