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Wealth Forward, LLC — 13F Holdings & Portfolio

CIK 2012773 · latest 13F-HR filed 2026-10-14

Backtest portfolio

Wealth Forward, LLC manages $220.9M in 13F-reported U.S. long-equity assets across 50 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are FNDA (18.28%), FNDX (13.68%), SCHP (6.27%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 6 new positions and exited 5; 13 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
$220.9M

Long-equity book

Holdings
50

Distinct positions

Period
2026-09-30

Filed 2026-10-14

Q/Q Activity
+6 / −5 / ↑13 / ↓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
FNDA18.3% · +91%FNDX13.7% · +55%SCHP6.3% · +2026%SCHO5.9% · +1827%OEF5.9% · -43%RSP5.4% · -42%VEA4.8% · -43%FNDF4.7% · +2490%FNDE3.6% · +6%ILCB2.7% · -44%SCHI2.4% · +2031%FNDC2.1% · newIGSB2.1% · -58%TIP2.1% · -53%AOR2.0% · -25%AAPL2.0% · +0%BKIE1.8% · +71%BKLC1.7% · +118%BKAG1.7% · -56%SPHY1.1% · -54%AOA1.0% · -33%USB0.9% · 0%MSFT0.8% · +7%SCYB0.7% · newALRS0.7% · 0%SHM0.6% · newSUB0.5% · newBRK.B0.5% · -12%VOO0.5% · 0%NVDA0.3% · +2%VGSH0.3% · newAOM0.3% · -5%AOK0.2% · -15%STIP0.2% · newEEM0.2% · -5%META0.2% · +8%GOOG0.2% · +4%UNH0.2% · 0%OTTR0.2% · 0%AMZN0.2% · +7%TGT0.1% · -41%THNQ0.1% · 0%TSLA0.1% · +10%IYG0.1% · 0%BSV0.1% · -60%IEFA0.1% · 0%DKNG0.1% · +23%IVW0.1% · 0%ISTB0.1% · 0%VTI0.1% · -39%

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 = 71.2%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Jul 1, 2026.

Assets Under Management
$228.1M
Discretionary
$212.8M
Employees
2
Accounts
1,052
Address
2632 47TH ST S.
SUITE 107
FARGO, ND 58104
Phone
(701) 293-5789
Website
Name Title / Status Ownership Type
BERG, RYAN, STEVEN ControlMEMBER
since Dec 2016
75% or moreIndividual
TERNES, STEPHANIE, L ControlCHIEF COMPLIANCE OFFICER
since Jul 2017
Less than 5%Individual
Ownership & leadership changes · 4 filings with changes since Apr 1, 2013

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.

Jul 8, 2017 filing
  • No longer listedRANSTROM, COURTNEY, ELIZABETH · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Dec 2016
  • AddedTERNES, STEPHANIE, L · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Jan 12, 2017 filing
  • No longer listedRANSTROM, DOYLE, ARVID · MEMBER · 50–75% · control person · listed since Aug 2011
  • No longer listedRANSTROM, MORGAN, K · MEMBER · 10–25% · control person · listed since Aug 2011
  • ChangedBERG, RYAN, STEVEN · ownership 10–25% → 75% or more
  • ChangedRANSTROM, COURTNEY, ELIZABETH · title MEMBER/CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER; ownership 10–25% → Less than 5%
Oct 8, 2014 filing
  • ChangedBERG, RYAN, STEVEN · title PRINCIPAL → MEMBER
  • ChangedRANSTROM, COURTNEY, ELIZABETH · title PRINCIPAL/CHIEF COMPLIANCE OFFICER → MEMBER/CHIEF COMPLIANCE OFFICER
  • ChangedRANSTROM, DOYLE, ARVID · title PRINCIPAL → MEMBER
  • ChangedRANSTROM, MORGAN, K · title PRINCIPAL → MEMBER
Mar 27, 2014 filing
  • ChangedBERG, RYAN, STEVEN · title VICE PRESIDENT → PRINCIPAL
  • ChangedRANSTROM, COURTNEY, ELIZABETH · title SECRETARY/TREASURER/CHIEF COMPLIANCE OFFICER → PRINCIPAL/CHIEF COMPLIANCE OFFICER
  • ChangedRANSTROM, DOYLE, ARVID · title PRESIDENT → PRINCIPAL
  • ChangedRANSTROM, MORGAN, K · title VICE PRESIDENT → PRINCIPAL
Apr 1, 2013 filing (earliest on record)
  • ListedBERG, RYAN, STEVEN · VICE PRESIDENT · 10–25% · control person
  • ListedRANSTROM, COURTNEY, ELIZABETH · SECRETARY/TREASURER/CHIEF COMPLIANCE OFFICER · 10–25% · control person
  • ListedRANSTROM, DOYLE, ARVID · PRESIDENT · 50–75% · control person
  • ListedRANSTROM, MORGAN, K · VICE PRESIDENT · 10–25% · 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 13 →

Top Trims

Show all 22 →

New Positions

Show all 6 →

Exited Positions

Show all 5 →

Wealth Forward, 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 $40.4M 18.28% 1,153,317 SH
2 SCHWAB STRATEGIC TR FNDX 808524771 $30.2M 13.68% 960,309 SH
3 SCHWAB STRATEGIC TR SCHP 808524870 $13.9M 6.27% 551,356 SH
4 SCHWAB STRATEGIC TR SCHO 808524862 $13.0M 5.88% 544,703 SH
5 ISHARES TR OEF 464287101 $13.0M 5.87% 33,932 SH
6 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $11.9M 5.37% 56,977 SH
7 VANGUARD TAX-MANAGED FDS VEA 921943858 $10.7M 4.85% 151,692 SH
8 SCHWAB STRATEGIC TR FNDF 808524755 $10.4M 4.71% 193,452 SH
9 SCHWAB STRATEGIC TR FNDE 808524730 $7.9M 3.59% 189,393 SH
10 ISHARES TR ILCB 464287127 $5.9M 2.69% 56,151 SH
11 SCHWAB STRATEGIC TR SCHI 808524698 $5.4M 2.44% 251,483 SH
12 SCHWAB STRATEGIC TR FNDC 808524748 $4.6M 2.07% 91,808 SH
13 ISHARES TR IGSB 464288646 $4.5M 2.06% 88,688 SH
14 ISHARES TR TIP 464287176 $4.5M 2.05% 43,625 SH
15 ISHARES TR AOR 464289867 $4.5M 2.03% 65,364 SH
16 APPLE INC AAPL 037833100 $4.4M 2.01% 13,327 SH
17 BNY MELLON ETF TRUST BKIE 09661T404 $4.1M 1.84% 121,844 SH
18 BNY MELLON ETF TRUST BKLC 09661T107 $3.8M 1.73% 78,033 SH
19 BNY MELLON ETF TRUST BKAG 09661T602 $3.7M 1.68% 92,884 SH
20 SPDR SERIES TRUST SPHY 78468R606 $2.4M 1.09% 106,896 SH
21 ISHARES TR AOA 464289859 $2.3M 1.03% 23,350 SH
22 US BANCORP USB 902973304 $1.9M 0.88% 33,482 SH
23 MICROSOFT CORP MSFT 594918104 $1.8M 0.83% 3,562 SH
24 SCHWAB STRATEGIC TR SCYB 808524631 $1.6M 0.72% 63,402 SH
25 ALERUS FINL CORP ALRS 01446U103 $1.6M 0.72% 50,279 SH
26 SPDR SERIES TRUST SHM 78468R739 $1.3M 0.59% 27,825 SH
27 ISHARES TR SUB 464288158 $1.2M 0.53% 11,286 SH
28 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.0M 0.47% 2,081 SH
29 VANGUARD INDEX FDS VOO 922908363 $1.0M 0.46% 1,437 SH
30 NVIDIA CORPORATION NVDA 67066G104 $680.1K 0.31% 2,978 SH
31 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $585.4K 0.27% 10,171 SH
32 ISHARES TR AOM 464289875 $572.5K 0.26% 11,747 SH
33 ISHARES TR AOK 464289883 $523.1K 0.24% 12,971 SH
34 ISHARES TR STIP 46429B747 $481.6K 0.22% 4,830 SH
35 ISHARES TR EEM 464287234 $466.7K 0.21% 6,988 SH
36 META PLATFORMS INC META 30303M102 $401.8K 0.18% 554 SH
37 ALPHABET INC GOOG 02079K107 $386.1K 0.17% 1,133 SH
38 UNITEDHEALTH GROUP INC UNH 91324P102 $376.3K 0.17% 1,025 SH
39 OTTER TAIL CORP OTTR 689648103 $373.1K 0.17% 4,238 SH
40 AMAZON COM INC AMZN 023135106 $359.5K 0.16% 1,443 SH
41 TARGET CORP TGT 87612E106 $320.4K 0.15% 2,045 SH
42 EXCHANGE TRADED CONCEPTS TRU THNQ 301505731 $302.6K 0.14% 3,115 SH
43 TESLA INC TSLA 88160R101 $290.2K 0.13% 818 SH
44 ISHARES TR IYG 464287770 $284.6K 0.13% 3,165 SH
45 VANGUARD BD INDEX FDS BSV 921937827 $276.2K 0.13% 3,615 SH
46 ISHARES TR IEFA 46432F842 $273.8K 0.12% 2,826 SH
47 DRAFTKINGS INC NEW DKNG 26142V105 $257.2K 0.12% 13,537 SH
48 ISHARES TR IVW 464287309 $244.7K 0.11% 1,720 SH
49 ISHARES TR ISTB 46432F859 $238.2K 0.11% 5,042 SH
50 VANGUARD INDEX FDS VTI 922908769 $223.0K 0.10% 596 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-14 $220.9M 50 0002012773-26-000006
2026-06-30 2026-07-29 $200.8M 49 0002012773-26-000003
2026-03-31 2026-05-04 $177.2M 43 0002012773-26-000002
2025-12-31 2026-01-30 $177.0M 43 0002012773-26-000001
Filer Information
Address
2632 47TH ST S STE 107
FARGO, ND 58104
Phone
(701) 293-5789
Filing Manager
Wealth Forward, LLC
FARGO, ND
Signatory
Stephanie Ternes
Chief Compliance Officer