Top Institutional Investors

Prairiewood Capital, LLC — 13F Holdings & Portfolio

CIK 1839695 · latest 13F-HR filed 2026-10-16

Backtest portfolio

Prairiewood Capital, LLC manages $395.7M in 13F-reported U.S. long-equity assets across 78 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are FNDA (19.20%), FNDX (16.05%), FNDF (7.89%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 1 new position and exited 4; 29 existing positions rose in reported value and 22 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$395.7M

Long-equity book

Holdings
78

Distinct positions

Period
2026-09-30

Filed 2026-10-16

Q/Q Activity
+1 / −4 / ↑29 / ↓22

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
FNDA19.2% · +4%FNDX16.1% · +2%FNDF7.9% · +2%GNR5.1% · +6%SCHP4.3% · +16%SCHO4.2% · +12%FNDC4.1% · +5%FNDE4.0% · +4%AVRE3.8% · +7%VNQ2.7% · +8%BNL2.0% · +2%GBDC2.0% · +9%ARCC1.9% · +5%PFFD1.9% · +9%PGX1.9% · +11%WPC1.8% · +6%OBDC1.8% · +10%O1.8% · +8%SCHI1.4% · +15%VNQI0.9% · +13%VTI0.8% · +9%BRK.B0.8% · -5%MSFT0.8% · -3%VAW0.5% · 0%SCYB0.5% · +12%RSP0.4% · -3%PRDO0.4% · -14%BIL0.4% · -6%AAPL0.3% · +6%BAC0.3% · -7%VGT0.3% · 0%SHM0.3% · +12%XLF0.3% · -0%TGT0.2% · +1%DE0.2% · +3%SUB0.2% · +18%PFF0.2% · -12%AGG0.2% · +4%HPQ0.2% · -27%AAEQ0.2% · 0%VOOG0.2% · -13%VOO0.2% · +1%PXF0.2% · 0%ORCL0.2% · 0%TSLA0.2% · +6%ABT0.2% · 0%PXH0.2% · 0%AAUA0.1% · 0%VXUS0.1% · +30%PRFZ0.1% · 0%VGSH0.1% · -14%UNH0.1% · -1%MDT0.1% · 0%VSS0.1% · 0%SMCI0.1% · -10%WFC0.1% · 0%JPM0.1% · -3%MLI0.1% · +100%WMT0.1% · +1%MO0.1% · -17%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 71.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Jun 30, 2026.

Assets Under Management
$365.4M
Discretionary
$365.4M
Employees
8
Accounts
1,201
Address
3175 SIENNA DR S
STE 100
FARGO, ND 58104
Phone
(701) 234-0521
Website
Name Title / Status Ownership Type
Anderson, Nathan, Mark ControlCHIEF COMPLIANCE OFFICER
since Jan 2020
Less than 5%Individual
NELSON, STEVEN, MICHAEL ControlMANAGING PARTNER
since Jan 2008
Less than 5%Individual
NMA HOLDINGS LLC ControlHOLDING COMPANY
since Mar 2022
50–75%Domestic Entity
PRAIRIEWOOD FINANCIAL GROUP, LLC ControlHOLDING COMPANY
since Aug 2017
50–75%Domestic Entity
Anderson, Nathan, Mark Control
Indirect owner via NMA HOLDINGS LLC
MANAGING PARTNER
since Mar 2022
75% or moreIndividual
NELSON, STEVEN, MICHAEL Control
Indirect owner via PRAIRIEWOOD FINANCIAL GROUP, LLC
MANAGING PARTNER
since Aug 2017
75% or moreIndividual
Ownership & leadership changes · 3 filings with changes since Feb 12, 2020

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Feb 20, 2026 filing
  • ChangedNMA HOLDINGS LLC · ownership 25–50% → 50–75%
Jan 20, 2024 filing
  • ChangedNMA HOLDINGS LLC · ownership 10–25% → 25–50%
  • ChangedPRAIRIEWOOD FINANCIAL GROUP, LLC · ownership 75% or more → 50–75%
Feb 15, 2022 filing
  • AddedAnderson, Nathan, Mark · MANAGING PARTNER · 75% or more · indirect via NMA HOLDINGS LLC · control person
  • AddedNMA HOLDINGS LLC · HOLDING COMPANY · 10–25% · control person
Feb 12, 2020 filing (earliest on record)
  • ListedAnderson, Nathan, Mark · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedNELSON, STEVEN, MICHAEL · MANAGING PARTNER · Less than 5% · control person
  • ListedNELSON, STEVEN, MICHAEL · MANAGING PARTNER · 75% or more · indirect via PRAIRIEWOOD FINANCIAL GROUP, LLC · control person
  • ListedPRAIRIEWOOD FINANCIAL GROUP, LLC · HOLDING COMPANY · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 29 →

Top Trims

Show all 22 →

New Positions

Show all 1 →

Exited Positions

Show all 4 →

Prairiewood Capital, LLC Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 SCHWAB STRATEGIC TR FNDA 808524763 $76.0M 19.20% 2,170,316 SH
2 SCHWAB STRATEGIC TR FNDX 808524771 $63.5M 16.05% 2,018,681 SH
3 SCHWAB STRATEGIC TR FNDF 808524755 $31.2M 7.89% 580,709 SH
4 SPDR INDEX SHS FDS GNR 78463X541 $20.1M 5.07% 271,276 SH
5 SCHWAB STRATEGIC TR SCHP 808524870 $17.0M 4.30% 677,870 SH
6 SCHWAB STRATEGIC TR SCHO 808524862 $16.7M 4.21% 698,165 SH
7 SCHWAB STRATEGIC TR FNDC 808524748 $16.3M 4.11% 326,625 SH
8 SCHWAB STRATEGIC TR FNDE 808524730 $15.9M 4.01% 379,024 SH
9 AMERICAN CENTY ETF TR AVRE 025072356 $15.2M 3.84% 342,425 SH
10 VANGUARD INDEX FDS VNQ 922908553 $10.7M 2.72% 119,879 SH
11 BROADSTONE NET LEASE INC BNL 11135E203 $7.9M 2.00% 427,964 SH
12 GOLUB CAP BDC INC GBDC 38173M102 $7.8M 1.96% 615,153 SH
13 ARES CAPITAL CORP ARCC 04010L103 $7.7M 1.95% 403,963 SH
14 GLOBAL X FDS PFFD 37954Y657 $7.7M 1.93% 434,814 SH
15 INVESCO EXCH TRADED FD TR II PGX 46138E511 $7.3M 1.85% 728,526 SH
16 WP CAREY INC WPC 92936U109 $7.3M 1.85% 113,152 SH
17 BLUE OWL CAPITAL CORPORATION OBDC 69121K104 $7.3M 1.84% 694,787 SH
18 REALTY INCOME CORP O 756109104 $7.1M 1.79% 130,481 SH
19 SCHWAB STRATEGIC TR SCHI 808524698 $5.7M 1.44% 265,608 SH
20 VANGUARD INTL EQUITY INDEX F VNQI 922042676 $3.6M 0.92% 85,387 SH
21 VANGUARD INDEX FDS VTI 922908769 $3.3M 0.83% 8,747 SH
22 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $3.2M 0.80% 6,351 SH
23 MICROSOFT CORP MSFT 594918104 $3.0M 0.77% 5,943 SH
24 VANGUARD WORLD FD VAW 92204A801 $2.0M 0.52% 9,389 SH
25 SCHWAB STRATEGIC TR SCYB 808524631 $1.9M 0.47% 74,443 SH
26 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $1.7M 0.43% 8,250 SH
27 PERDOCEO ED CORP PRDO 71363P106 $1.6M 0.41% 51,835 SH
28 SPDR SERIES TRUST BIL 78468R663 $1.6M 0.40% 17,113 SH
29 APPLE INC AAPL 037833100 $1.1M 0.29% 3,389 SH
30 BANK OF AMER CORP BAC 060505104 $1.0M 0.26% 19,126 SH
31 VANGUARD WORLD FD VGT 92204A702 $1.0M 0.26% 8,272 SH
32 SPDR SERIES TRUST SHM 78468R739 $1.0M 0.26% 21,982 SH
33 SELECT SECTOR SPDR TR XLF 81369Y605 $991.9K 0.25% 18,574 SH
34 TARGET CORP TGT 87612E106 $950.7K 0.24% 6,067 SH
35 DEERE & CO DE 244199105 $931.4K 0.24% 1,387 SH
36 ISHARES TR SUB 464288158 $920.1K 0.23% 8,801 SH
37 ISHARES TR PFF 464288687 $910.8K 0.23% 30,875 SH
38 ISHARES TR AGG 464287226 $853.9K 0.22% 9,032 SH
39 HP INC HPQ 40434L105 $849.5K 0.21% 27,157 SH
40 EA SERIES TRUST AAEQ 02072Q358 $844.3K 0.21% 15,388 SH
41 VANGUARD ADMIRAL FDS INC VOOG 921932505 $761.1K 0.19% 8,904 SH
42 VANGUARD INDEX FDS VOO 922908363 $717.0K 0.18% 1,023 SH
43 INVESCO EXCH TRADED FD TR II PXF 46138E743 $698.0K 0.18% 9,157 SH
44 ORACLE CORP ORCL 68389X105 $693.1K 0.18% 5,048 SH
45 TESLA INC TSLA 88160R101 $651.8K 0.16% 1,837 SH
46 ABBOTT LABORATORIES ABT 002824100 $632.5K 0.16% 6,400 SH
47 INVESCO EXCH TRADED FD TR II PXH 46138E727 $601.9K 0.15% 20,705 SH
48 EA SERIES TRUST AAUA 02072Q275 $551.0K 0.14% 9,376 SH
49 VANGUARD STAR FDS VXUS 921909768 $549.4K 0.14% 6,467 SH
50 INVESCO EXCHANGE TRADED FD T PRFZ 46137V597 $508.9K 0.13% 9,725 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-16 $395.7M 78 0001839695-26-000007
2026-06-30 2026-07-28 $385.9M 81 0001839695-26-000004
2026-03-31 2026-04-16 $345.8M 77 0001839695-26-000003
2025-12-31 2026-01-26 $322.1M 75 0001839695-26-000001
Filer Information
Address
3175 SIENNA DRIVE S
SUITE 100
FARGO, ND 58104
Phone
(701) 234-0521
Filing Manager
Prairiewood Capital, LLC
FARGO, ND
Signatory
Nathan Anderson
Chief Compliance Officer