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BlueStem Wealth Partners, LLC — 13F Holdings & Portfolio

CIK 1977465 · latest 13F-HR filed 2026-08-11

Backtest portfolio

BlueStem Wealth Partners, LLC manages $1.00B in 13F-reported U.S. long-equity assets across 127 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SCHF (10.53%), FNDX (7.31%), DYNF (6.84%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 20 new positions and exited 17; 68 existing positions rose in reported value and 21 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.

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AUM
$1.00B

Long-equity book

Holdings
127

Distinct positions

Period
2026-06-30

Filed 2026-08-11

Q/Q Activity
+20 / −17 / ↑68 / ↓21

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
SCHF10.5% · +57%FNDX7.3% · +188%DYNF6.8% · -13%IJH6.6% · +8%SCHG6.5% · -30%IVV5.3% · -2%JMTG4.8% · +31%SPEM4.6% · +38%CALF3.4% · +8%RECS3.3% · -11%VUG3.3% · +487%GOVT2.8% · -16%CGMS2.3% · +19%XLK2.0% · newBND1.9% · -30%QQQ1.9% · +2968%XLE1.6% · -5%ICVT1.5% · -22%SPMO1.5% · newVTV1.4% · +20%VWOB1.4% · -16%FLXR1.3% · +14%JMUB1.3% · -20%BLV1.2% · newSIHY1.1% · -7%IGEB1.0% · -16%PULS0.9% · +23%AVUV0.8% · -1%FLCC0.7% · -6%YLD0.6% · +11%FLMI0.6% · +6%AAPL0.6% · -1%EWT0.4% · newAOR0.4% · -4%IJK0.4% · -5%ACWI0.4% · newEWC0.4% · newCGHM0.3% · -4%EWY0.3% · newNVDA0.3% · +2%SCHD0.2% · -5%QQQI0.2% · +6%ESGU0.2% · +3%AMP0.2% · -12%TSLA0.2% · +0%SPYI0.2% · +5%GOOGL0.2% · +3%ITOT0.2% · -5%IDV0.2% · +6%AMZN0.2% · -1%QDPL0.2% · +6%DDFJ0.2% · 0%PZA0.1% · newNULG0.1% · +2%MSFT0.1% · +0%UNH0.1% · -4%AOM0.1% · -2%CAT0.1% · -4%AOK0.1% · -4%AOA0.1% · -2%

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

Q1 26 → Q2 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

3 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 = 59.1%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 25, 2026.

Assets Under Management
$1.12B
Discretionary
$1.12B
Employees
34
Accounts
8,328
Address
13100 WAYZATA BLVD.
SUITE #140
MINNETONKA, MN 55305
Phone
(612) 464-0372
Website
Name Title / Status Ownership Type
Kohman, Mary Jo ControlCHIEF OPERATING OFFICER
since Feb 2023
Less than 5%Individual
LAWRENCE, JILL, B ControlCHIEF EXECUTIVE OFFICER
since Feb 2023
50–75%Individual
MARQUARDT, SCOTT, THOMAS ControlCHIEF FINANCIAL OFFICER
since Oct 2024
25–50%Individual
WARNING, ANDREW, SCHIEF COMPLIANCE OFFICER
since Jul 2023
Less than 5%Individual
Ownership & leadership changes · 3 filings with changes since Dec 16, 2022

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.

Oct 25, 2024 filing
  • No longer listedRICE, STEVEN, GERALD · CHIEF FINANCIAL OFFICER · 10–25% · control person · listed since Feb 2023
  • ChangedLAWRENCE, JILL, B · ownership 25–50% → 50–75%
  • ChangedMARQUARDT, SCOTT, THOMAS · title PRESIDENT OF SALES → CHIEF FINANCIAL OFFICER
Aug 23, 2023 filing
  • No longer listedPatton, Kevin, Jason · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Feb 2023
  • AddedWARNING, ANDREW, S · CHIEF COMPLIANCE OFFICER · Less than 5%
Feb 2, 2023 filing
  • No longer listedWOODARD, KEVIN, SEAN · MEMBER AND CHIEF COMPLIANCE OFFICER · 75% or more · control person · listed since Dec 2022
  • AddedKohman, Mary Jo · CHIEF OPERATING OFFICER · Less than 5% · control person
  • AddedLAWRENCE, JILL, B · CHIEF EXECUTIVE OFFICER · 25–50% · control person
  • AddedMARQUARDT, SCOTT, THOMAS · PRESIDENT OF SALES · 25–50% · control person
  • AddedPatton, Kevin, Jason · CHIEF COMPLIANCE OFFICER · Less than 5%
  • AddedRICE, STEVEN, GERALD · CHIEF FINANCIAL OFFICER · 10–25% · control person
Dec 16, 2022 filing (earliest on record)
  • ListedWOODARD, KEVIN, SEAN · MEMBER AND CHIEF COMPLIANCE OFFICER · 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.

BlueStem Wealth Partners, LLC Holdings (2026-06-30)

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 INTERNATIONAL EQUITY ETF SCHF 808524805 $105.8M 10.53% 3,819,433 SH
2 SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF FNDX 808524771 $73.4M 7.31% 2,361,445 SH
3 ISHARES U.S. EQUITY FACTOR ROTATION ACTIVE ETF DYNF 09290C103 $68.7M 6.84% 1,010,013 SH
4 ISHARES CORE S&P MID-CAP ETF IJH 464287507 $66.4M 6.61% 860,493 SH
5 SCHWAB U.S. LARGE-CAP GROWTH ETF SCHG 808524300 $65.1M 6.49% 1,924,760 SH
6 ISHARES CORE S&P 500 ETF IVV 464287200 $52.8M 5.26% 70,511 SH
7 JPMORGAN MORTGAGE-BACKED SECURITIES ETF JMTG 46654Q575 $48.5M 4.83% 957,738 SH
8 STATE STREET SPDR PORTFOLIO EMERGING MARKETS ETF SPEM 78463X509 $45.8M 4.57% 885,440 SH
9 PACER US SMALL CAP CASH COWS ETF CALF 69374H857 $34.1M 3.39% 672,950 SH
10 COLUMBIA RESEARCH ENHANCED CORE ETF RECS 19761L706 $33.1M 3.30% 765,762 SH
11 VANGUARD MORNINGSTAR GROWTH ETF VUG 922908736 $32.8M 3.26% 380,355 SH
12 ISHARES U.S. TREASURY BOND ETF GOVT 46429B267 $27.7M 2.75% 1,214,016 SH
13 CAPITAL GROUP U.S. MULTI-SECTOR INCOME ETF CGMS 14020Y300 $22.6M 2.25% 828,507 SH
14 STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF XLK 81369Y803 $20.0M 1.99% 104,851 SH
15 VANGUARD TOTAL BOND MARKET ETF BND 921937835 $19.3M 1.92% 262,475 SH
16 INVESCO QQQ TRUST SERIES I QQQ 46090E103 $19.1M 1.90% 25,923 SH
17 STATE STREET ENERGY SELECT SECTOR SPDR ETF XLE 81369Y506 $15.7M 1.56% 295,001 SH
18 ISHARES CONVERTIBLE BOND ETF ICVT 46435G102 $15.4M 1.53% 126,255 SH
19 INVESCO S&P 500 MOMENTUM ETF SPMO 46138E339 $15.0M 1.49% 92,559 SH
20 VANGUARD MORNINGSTAR VALUE ETF VTV 922908744 $14.3M 1.43% 65,820 SH
21 VANGUARD EMERGING MARKETS GOVERNMENT BOND ETF VWOB 921946885 $14.2M 1.41% 210,678 SH
22 TCW FLEXIBLE INCOME ETF FLXR 29287L700 $13.2M 1.31% 336,643 SH
23 JPMORGAN MUNICIPAL ETF JMUB 46641Q647 $13.0M 1.30% 257,354 SH
24 VANGUARD BD. IND. FDS. - LONG TERM BOND INDEX FUND BLV 921937793 $12.5M 1.24% 180,997 SH
25 HARBOR ARES SYSTEMATIC HIGH YIELD ETF SIHY 41151J109 $10.9M 1.09% 239,481 SH
26 ISHARES INVESTMENT GRADE SYSTEMATIC BOND ETF IGEB 46435G219 $10.2M 1.02% 226,998 SH
27 PGIM ULTRA SHORT BOND ETF PULS 69344A107 $9.0M 0.89% 180,686 SH
28 AVANTIS U.S. SMALL CAP VALUE ETF AVUV 025072877 $8.0M 0.80% 64,427 SH
29 FEDERATED HERMES MDT LARGE CAP CORE ETF FLCC 31423L503 $6.6M 0.65% 186,718 SH
30 PRINCIPAL ACTIVE HIGH YIELD ETF YLD 74255Y102 $6.3M 0.63% 330,214 SH
31 FRANKLIN DYNAMIC MUNICIPAL BOND ETF FLMI 35473P868 $5.7M 0.57% 228,168 SH
32 APPLE INC COM AAPL 037833100 $5.6M 0.56% 19,518 SH
33 ISHARES MSCI TAIWAN ETF EWT 46434G772 $4.3M 0.42% 39,186 SH
34 ISHARES CORE 60/40 BALANCED ALLOCATION ETF AOR 464289867 $4.1M 0.41% 58,683 SH
35 ISHARES S&P MID-CAP 400 GROWTH ETF IJK 464287606 $3.9M 0.39% 32,951 SH
36 ISHARES MSCI ACWI ETF ACWI 464288257 $3.8M 0.37% 23,934 SH
37 ISHARES MSCI CANADA ETF EWC 464286509 $3.6M 0.36% 63,102 SH
38 CAPITAL GROUP MUNICIPAL HIGH-INCOME ETF CGHM 14020Y805 $3.3M 0.33% 127,513 SH
39 ISHARES MSCI SOUTH KOREA ETF EWY 464286772 $3.1M 0.31% 15,294 SH
40 NVIDIA CORPORATION COM NVDA 67066G104 $2.9M 0.29% 14,443 SH
41 SCHWAB US DIVIDEND EQUITY ETF SCHD 808524797 $2.5M 0.25% 78,971 SH
42 NEOS NASDAQ 100 HIGH INCOME ETF QQQI 78433H675 $2.5M 0.25% 43,957 SH
43 ISHARES ESG AWARE MSCI USA ETF ESGU 46435G425 $2.2M 0.22% 13,602 SH
44 AMERIPRISE FINL INC COM AMP 03076C106 $2.2M 0.22% 4,828 SH
45 TESLA INC COM TSLA 88160R101 $2.1M 0.21% 5,073 SH
46 NEOS S&P 500 HIGH INCOME ETF SPYI 78433H303 $2.1M 0.21% 39,996 SH
47 ALPHABET INC CAP STK CL A GOOGL 02079K305 $1.9M 0.19% 5,368 SH
48 ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF ITOT 464287150 $1.9M 0.19% 11,435 SH
49 ISHARES INTERNATIONAL SELECT DIVIDEND ETF IDV 464288448 $1.8M 0.18% 44,411 SH
50 AMAZON COM INC COM AMZN 023135106 $1.7M 0.17% 7,243 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-11 $1.00B 127 0001765380-26-000343
2026-03-31 2026-05-07 $899.9M 124 0001765380-26-000181
2025-12-31 2026-02-06 $905.7M 125 0001765380-26-000066
Filer Information
Address
13100 WAYZATA BLVD., SUITE 140
MINNETONKA, MN 55305
Phone
(612) 464-0363
Filing Manager
BlueStem Wealth Partners, LLC
MINNETONKA, MN
Signatory
Andy.Warning@DinsmoreComplianceServices.com
Chief Compliance Officer