Chief Investment Officer

0001581298-24-000001.txt : 20240116 0001581298-24-000001.hdr.sgml : 20240116 20240116114518 ACCESSION NUMBER: 0001581298-24-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240116 DATE AS OF CHANGE: 20240116 EFFECTIVENESS DATE: 20240116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Carlson Capital Management CENTRAL INDEX KEY: 0001581298 ORGANIZATION NAME: IRS NUMBER: 411689533 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-15611 FILM NUMBER: 24534250 BUSINESS ADDRESS: STREET 1: 11 BRIDGE SQ CITY: NORTHFIELD STATE: MN ZIP: 55057 BUSINESS PHONE: 507-645-8887 MAIL ADDRESS: STREET 1: 11 BRIDGE SQ CITY: NORTHFIELD STATE: MN ZIP: 55057 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001581298 XXXXXXXX 12-31-2023 12-31-2023 Carlson Capital Management

11 BRIDGE SQ NORTHFIELD MN 55057

13F HOLDINGS REPORT 028-15611 N Adam Hoffmann Chief Investment Officer 5076458887 Adam Hoffmann NORTHFIELD MN 01-16-2024 0 205 1948603625 false INFORMATION TABLE 2 CCM13F12312023.xml 123123CCM13F 3M CO COM 88579Y101 10513222 96169 SH SOLE 0 0 0 96169 ABBOTT LABS COM 002824100 2015778 18314 SH SOLE 0 0 0 18314 ABBVIE INC COM 00287Y109 491883 3174 SH SOLE 0 0 0 3174 ACCENTURE PLC IRELAND SHS CLASS A G1151C101 13008234 37070 SH SOLE 0 0 0 37070 ADOBE INC COM 00724F101 740977 1242 SH SOLE 0 0 0 1242 ADVANCED MICRO DEVICES INC COM 007903107 299537 2032 SH SOLE 0 0 0 2032 AIRBNB INC COM CL A 009066101 1204294 8846 SH SOLE 0 0 0 8846 ALLIANT ENERGY CORP COM 018802108 302362 5894 SH SOLE 0 0 0 5894 ALLSTATE CORP COM 020002101 428110 3058 SH SOLE 0 0 0 3058 ALPHABET INC CAP STK CL A 02079K305 2016705 14437 SH SOLE 0 0 0 14437 ALPHABET INC CAP STK CL C 02079K107 1945961 13808 SH SOLE 0 0 0 13808 AMAZON COM INC COM 023135106 3370789 22185 SH SOLE 0 0 0 22185 AMERICAN CENTY ETF TR US SML CP VALU 025072877 87121746 970175 SH SOLE 0 0 0 970175 AMERICAN CENTY ETF TR REAL ESTATE ETF 025072356 16159796 373119 SH SOLE 0 0 0 373119 AMERICAN CENTY ETF TR INTL SMCP VLU 025072802 49730373 795813 SH SOLE 0 0 0 795813 AMERICAN CENTY ETF TR AVANTIS EMGMKT 025072604 18025120 319651 SH SOLE 0 0 0 319651 AMERICAN WTR WKS CO INC NEW COM 030420103 553038 4190 SH SOLE 0 0 0 4190 AMERIPRISE FINL INC COM 03076C106 404139 1064 SH SOLE 0 0 0 1064 AMGEN INC COM 031162100 245393 852 SH SOLE 0 0 0 852 APPLE INC COM 037833100 15168963 78788 SH SOLE 0 0 0 78788 ARISTA NETWORKS INC COM 040413106 774357 3288 SH SOLE 0 0 0 3288 AT&T INC COM 00206R102 380184 22657 SH SOLE 0 0 0 22657 AUTOMATIC DATA PROCESSING IN COM 053015103 880860 3781 SH SOLE 0 0 0 3781 BADGER METER INC COM 056525108 1400445 9072 SH SOLE 0 0 0 9072 BANK AMERICA CORP COM 060505104 350945 10423 SH SOLE 0 0 0 10423 BERKLEY W R CORP COM 084423102 203108 2872 SH SOLE 0 0 0 2872 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4706129 13195 SH SOLE 0 0 0 13195 BLOCK H & R INC COM 093671105 841638 17400 SH SOLE 0 0 0 17400 BOEING CO COM 097023105 524448 2012 SH SOLE 0 0 0 2012 BOSTON SCIENTIFIC CORP COM 101137107 772862 13369 SH SOLE 0 0 0 13369 BROADCOM INC COM 11135F101 938797 841 SH SOLE 0 0 0 841 C H ROBINSON WORLDWIDE INC COM NEW 12541W209 548490 6349 SH SOLE 0 0 0 6349 CATERPILLAR INC COM 149123101 237624 804 SH SOLE 0 0 0 804 CENCORA INC COM 03073E105 229615 1118 SH SOLE 0 0 0 1118 CHEVRON CORP NEW COM 166764100 495952 3325 SH SOLE 0 0 0 3325 CHIPOTLE MEXICAN GRILL INC COM 169656105 217261 95 SH SOLE 0 0 0 95 CISCO SYS INC COM 17275R102 733904 14527 SH SOLE 0 0 0 14527 COASTAL FINL CORP WA COM NEW 19046P209 3081965 69398 SH SOLE 0 0 0 69398 COCA COLA CO COM 191216100 363789 6173 SH SOLE 0 0 0 6173 COLGATE PALMOLIVE CO COM 194162103 220807 2770 SH SOLE 0 0 0 2770 CONOCOPHILLIPS COM 20825C104 576752 4969 SH SOLE 0 0 0 4969 CONSTELLATION BRANDS INC CL A 21036P108 205246 849 SH SOLE 0 0 0 849 COSTCO WHSL CORP NEW COM 22160K105 1693390 2565 SH SOLE 0 0 0 2565 D R HORTON INC COM 23331A109 461107 3034 SH SOLE 0 0 0 3034 DANAHER CORPORATION COM 235851102 947519 4096 SH SOLE 0 0 0 4096 DEERE & CO COM 244199105 201934 505 SH SOLE 0 0 0 505 DIMENSIONAL ETF TRUST US EQUITY ETF 25434V401 2452587 47320 SH SOLE 0 0 0 47320 DIMENSIONAL ETF TRUST US SUSTAINABILTY 25434V716 1144367 36761 SH SOLE 0 0 0 36761 DIMENSIONAL ETF TRUST INTL SMALL CAP V 25434V781 5095065 197598 SH SOLE 0 0 0 197598 DIMENSIONAL ETF TRUST EMERGING MKTS CO 25434V732 71521903 2865461 SH SOLE 0 0 0 2865461 DIMENSIONAL ETF TRUST INTERNATNAL VAL 25434V807 24725498 719601 SH SOLE 0 0 0 719601 DIMENSIONAL ETF TRUST INTERNATIONAL 25434V690 559348 17462 SH SOLE 0 0 0 17462 DIMENSIONAL ETF TRUST INTL HIGH PROFIT 25434V765 131398756 5120762 SH SOLE 0 0 0 5120762 DIMENSIONAL ETF TRUST US MKTWIDE VALUE 25434V724 25049618 673015 SH SOLE 0 0 0 673015 DIMENSIONAL ETF TRUST US SMALL CAP ETF 25434V500 13996847 234768 SH SOLE 0 0 0 234768 DIMENSIONAL ETF TRUST US TARGETED VLU 25434V609 41073438 784893 SH SOLE 0 0 0 784893 DIMENSIONAL ETF TRUST US REAL ESTATE E 25434V823 5255650 231119 SH SOLE 0 0 0 231119 DIMENSIONAL ETF TRUST US HIGH PROFITAB 25434V831 42891082 1499164 SH SOLE 0 0 0 1499164 DIMENSIONAL ETF TRUST US CORE EQUITY 2 25434V708 2454631 83976 SH SOLE 0 0 0 83976 ECOLAB INC COM 278865100 604174 3046 SH SOLE 0 0 0 3046 ELECTROMED INC COM 285409108 132382 12134 SH SOLE 0 0 0 12134 ELI LILLY & CO COM 532457108 1527535 2620 SH SOLE 0 0 0 2620 EMERSON ELEC CO COM 291011104 330128 3392 SH SOLE 0 0 0 3392 ETF SER SOLUTIONS DISTILLATE US 26922A321 353318603 7156545 SH SOLE 0 0 0 7156545 ETF SER SOLUTIONS DISTILLATE INTNL 26922B501 276970 11675 SH SOLE 0 0 0 11675 EXXON MOBIL CORP COM 30231G102 1700202 17005 SH SOLE 0 0 0 17005 FASTENAL CO COM 311900104 751008 11595 SH SOLE 0 0 0 11595 FISERV INC COM 337738108 388026 2921 SH SOLE 0 0 0 2921 FULLER H B CO COM 359694106 939978 11546 SH SOLE 0 0 0 11546 GENERAL DYNAMICS CORP COM 369550108 362240 1395 SH SOLE 0 0 0 1395 GENERAL ELECTRIC CO COM NEW 369604301 264963 2076 SH SOLE 0 0 0 2076 GENERAL MLS INC COM 370334104 516705 7932 SH SOLE 0 0 0 7932 GLOBANT S A COM L44385109 204663 860 SH SOLE 0 0 0 860 GOLDMAN SACHS GROUP INC COM 38141G104 239563 621 SH SOLE 0 0 0 621 GRACO INC COM 384109104 5079566 58547 SH SOLE 0 0 0 58547 GREENBRIER COS INC NOTE 2.875% 2/0 393657AK7 54420 55000 PRN SOLE 0 0 0 55000 HEICO CORP NEW COM 422806109 467208 2612 SH SOLE 0 0 0 2612 HNI CORP COM 404251100 227513 5439 SH SOLE 0 0 0 5439 HOME DEPOT INC COM 437076102 778581 2247 SH SOLE 0 0 0 2247 HONEYWELL INTL INC COM 438516106 1528786 7290 SH SOLE 0 0 0 7290 HUNTINGTON BANCSHARES INC COM 446150104 2081577 163646 SH SOLE 0 0 0 163646 ILLINOIS TOOL WKS INC COM 452308109 551908 2107 SH SOLE 0 0 0 2107 IMMUNITYBIO INC COM 45256X103 88352 17600 SH SOLE 0 0 0 17600 INTEL CORP COM 458140100 942066 18748 SH SOLE 0 0 0 18748 INTERNATIONAL BUSINESS MACHS COM 459200101 878221 5370 SH SOLE 0 0 0 5370 INTUIT COM 461202103 297514 476 SH SOLE 0 0 0 476 INVESCO EXCHANGE TRADED FD T FTSE RAFI 1000 46137V613 324016 9205 SH SOLE 0 0 0 9205 INVESCO EXCHANGE TRADED FD T FTSE RAFI 1500 46137V597 291672 7780 SH SOLE 0 0 0 7780 INVESCO QQQ TR UNIT SER 1 46090E103 1108617 2707 SH SOLE 0 0 0 2707 ISHARES GOLD TR ISHARES NEW 464285204 2239268 57373 SH SOLE 0 0 0 57373 ISHARES INC CORE MSCI EMKT 46434G103 1534193 30332 SH SOLE 0 0 0 30332 ISHARES TR CORE S&P TTL STK 464287150 5706525 54229 SH SOLE 0 0 0 54229 ISHARES TR RUS 1000 VAL ETF 464287598 318175 1925 SH SOLE 0 0 0 1925 ISHARES TR RUS 2000 GRW ETF 464287648 1135121 4501 SH SOLE 0 0 0 4501 ISHARES TR S&P 100 ETF 464287101 313416 1403 SH SOLE 0 0 0 1403 ISHARES TR CORE MSCI EAFE 46432F842 2502845 35577 SH SOLE 0 0 0 35577 ISHARES TR RUSSELL 2000 ETF 464287655 317323 1581 SH SOLE 0 0 0 1581 ISHARES TR S&P 500 GRWT ETF 464287309 225225 2999 SH SOLE 0 0 0 2999 ISHARES TR RUS 2000 VAL ETF 464287630 1831300 11790 SH SOLE 0 0 0 11790 ISHARES TR MSCI USA QLT FCT 46432F339 314438 2137 SH SOLE 0 0 0 2137 ISHARES TR US TRSPRTION 464287192 323008 1231 SH SOLE 0 0 0 1231 ISHARES TR CORE S&P500 ETF 464287200 1185011 2481 SH SOLE 0 0 0 2481 ISHARES TR MSCI INTL QUALTY 46434V456 53051628 1412450 SH SOLE 0 0 0 1412450 ISHARES TR RUS 1000 GRW ETF 464287614 420497 1387 SH SOLE 0 0 0 1387 ISHARES TR MSCI EAFE ETF 464287465 696385 9242 SH SOLE 0 0 0 9242 ISHARES TR EAFE VALUE ETF 464288877 7106603 136403 SH SOLE 0 0 0 136403 JOHNSON & JOHNSON COM 478160104 2466196 15734 SH SOLE 0 0 0 15734 JPMORGAN CHASE & CO COM 46625H100 1357664 7982 SH SOLE 0 0 0 7982 KIMBERLY-CLARK CORP COM 494368103 410947 3382 SH SOLE 0 0 0 3382 KORU MEDICAL SYSTEMS INC COM 759910102 36825 15000 SH SOLE 0 0 0 15000 LAM RESEARCH CORP COM 512807108 293173 374 SH SOLE 0 0 0 374 LOCKHEED MARTIN CORP COM 539830109 274587 606 SH SOLE 0 0 0 606 LOWES COS INC COM 548661107 235458 1058 SH SOLE 0 0 0 1058 MAIN STR CAP CORP COM 56035L104 2945260 68130 SH SOLE 0 0 0 68130 MARRIOTT INTL INC NEW CL A 571903202 420633 1865 SH SOLE 0 0 0 1865 MASTERCARD INCORPORATED CL A 57636Q104 525887 1233 SH SOLE 0 0 0 1233 MCDONALDS CORP COM 580135101 799687 2697 SH SOLE 0 0 0 2697 MCKESSON CORP COM 58155Q103 1128789 2438 SH SOLE 0 0 0 2438 MEDTRONIC PLC SHS G5960L103 512074 6216 SH SOLE 0 0 0 6216 MERCK & CO INC COM 58933Y105 423979 3889 SH SOLE 0 0 0 3889 META PLATFORMS INC CL A 30303M102 1625030 4591 SH SOLE 0 0 0 4591 MICROSOFT CORP COM 594918104 14593158 38807 SH SOLE 0 0 0 38807 MOODYS CORP COM 615369105 221838 568 SH SOLE 0 0 0 568 MORGAN STANLEY COM NEW 617446448 583634 6259 SH SOLE 0 0 0 6259 NETFLIX INC COM 64110L106 352501 724 SH SOLE 0 0 0 724 NEXTERA ENERGY INC COM 65339F101 754269 12418 SH SOLE 0 0 0 12418 NIKE INC CL B 654106103 366790 3378 SH SOLE 0 0 0 3378 NOMAD FOODS LTD USD ORD SHS G6564A105 169500 10000 SH SOLE 0 0 0 10000 NORTHERN TR CORP COM 665859104 289508 3431 SH SOLE 0 0 0 3431 NOVARTIS AG SPONSORED ADR 66987V109 334716 3315 SH SOLE 0 0 0 3315 NVIDIA CORPORATION COM 67066G104 1579196 3189 SH SOLE 0 0 0 3189 OCCIDENTAL PETE CORP COM 674599105 256420 4294 SH SOLE 0 0 0 4294 ORACLE CORP COM 68389X105 446918 4239 SH SOLE 0 0 0 4239 OTTER TAIL CORP COM 689648103 210301 2475 SH SOLE 0 0 0 2475 PACER FDS TR PACER US SMALL 69374H857 277278 5773 SH SOLE 0 0 0 5773 PACER FDS TR US CASH COWS 100 69374H881 101055510 1943749 SH SOLE 0 0 0 1943749 PACER FDS TR DEVELOPED MRKT 69374H873 55519491 1777192 SH SOLE 0 0 0 1777192 PEPSICO INC COM 713448108 1122438 6609 SH SOLE 0 0 0 6609 PFIZER INC COM 717081103 249848 8678 SH SOLE 0 0 0 8678 PHILLIPS 66 COM 718546104 342858 2575 SH SOLE 0 0 0 2575 PROCTER AND GAMBLE CO COM 742718109 696736 4755 SH SOLE 0 0 0 4755 PROGRESSIVE CORP COM 743315103 267005 1676 SH SOLE 0 0 0 1676 PROLOGIS INC. COM 74340W103 228876 1717 SH SOLE 0 0 0 1717 QUALCOMM INC COM 747525103 407133 2815 SH SOLE 0 0 0 2815 ROYAL BK CDA COM 780087102 258792 2559 SH SOLE 0 0 0 2559 RTX CORPORATION COM 75513E101 340257 4044 SH SOLE 0 0 0 4044 S&P GLOBAL INC COM 78409V104 562544 1277 SH SOLE 0 0 0 1277 SALESFORCE INC COM 79466L302 380764 1447 SH SOLE 0 0 0 1447 SCHWAB CHARLES CORP COM 808513105 500406 7273 SH SOLE 0 0 0 7273 SCHWAB STRATEGIC TR US SML CAP ETF 808524607 306937 6497 SH SOLE 0 0 0 6497 SCHWAB STRATEGIC TR US BRD MKT ETF 808524102 474404 8522 SH SOLE 0 0 0 8522 SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 5311278 143703 SH SOLE 0 0 0 143703 SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 1567392 22359 SH SOLE 0 0 0 22359 SCHWAB STRATEGIC TR SHT TM US TRES 808524862 233965 4829 SH SOLE 0 0 0 4829 SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 4209137 74630 SH SOLE 0 0 0 74630 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 319402 2342 SH SOLE 0 0 0 2342 SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 224662 3119 SH SOLE 0 0 0 3119 SERVICENOW INC COM 81762P102 549649 778 SH SOLE 0 0 0 778 SHERWIN WILLIAMS CO COM 824348106 4805056 15406 SH SOLE 0 0 0 15406 SOUTHWESTERN ENERGY CO COM 845467109 3130 2000 SH Call SOLE 0 0 0 2000 SOUTHWESTERN ENERGY CO COM 845467109 10800 10000 SH Call SOLE 0 0 0 10000 SPDR DOW JONES INDL AVERAGE UT SER 1 78467X109 220469 585 SH SOLE 0 0 0 585 SPDR INDEX SHS FDS S&P INTL SMLCP 78463X871 2118297 66697 SH SOLE 0 0 0 66697 SPDR S&P 500 ETF TR TR UNIT 78462F103 2995950 6303 SH SOLE 0 0 0 6303 SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 291744 575 SH SOLE 0 0 0 575 SPDR SER TR S&P 600 SMCP VAL 78464A300 612162 7348 SH SOLE 0 0 0 7348 STARBUCKS CORP COM 855244109 287322 2993 SH SOLE 0 0 0 2993 SUPER MICRO COMPUTER INC COM 86800U104 255834 900 SH SOLE 0 0 0 900 TARGET CORP COM 87612E106 1465731 10292 SH SOLE 0 0 0 10292 TESLA INC COM 88160R101 3436230 13829 SH SOLE 0 0 0 13829 TEXAS INSTRS INC COM 882508104 360693 2116 SH SOLE 0 0 0 2116 THE CIGNA GROUP COM 125523100 679452 2269 SH SOLE 0 0 0 2269 TJX COS INC NEW COM 872540109 764364 8148 SH SOLE 0 0 0 8148 TRAVELERS COMPANIES INC COM 89417E109 244780 1285 SH SOLE 0 0 0 1285 TYLER TECHNOLOGIES INC COM 902252105 226203 541 SH SOLE 0 0 0 541 UNION PAC CORP COM 907818108 685280 2790 SH SOLE 0 0 0 2790 UNITEDHEALTH GROUP INC COM 91324P102 17073093 32429 SH SOLE 0 0 0 32429 US BANCORP DEL COM NEW 902973304 905441 20921 SH SOLE 0 0 0 20921 VANGUARD BD INDEX FDS SHORT TRM BOND 921937827 123452246 1602860 SH SOLE 0 0 0 1602860 VANGUARD INDEX FDS GROWTH ETF 922908736 754319 2426 SH SOLE 0 0 0 2426 VANGUARD INDEX FDS LARGE CAP ETF 922908637 76943811 352711 SH SOLE 0 0 0 352711 VANGUARD INDEX FDS TOTAL STK MKT 922908769 89132276 375737 SH SOLE 0 0 0 375737 VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 861553 1972 SH SOLE 0 0 0 1972 VANGUARD INDEX FDS SMALL CP ETF 922908751 7945980 37247 SH SOLE 0 0 0 37247 VANGUARD INDEX FDS MID CAP ETF 922908629 536239 2305 SH SOLE 0 0 0 2305 VANGUARD INDEX FDS SML CP GRW ETF 922908595 285289 1180 SH SOLE 0 0 0 1180 VANGUARD INDEX FDS VALUE ETF 922908744 21085480 141040 SH SOLE 0 0 0 141040 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 16663900 188591 SH SOLE 0 0 0 188591 VANGUARD INDEX FDS SM CP VAL ETF 922908611 16908022 93949 SH SOLE 0 0 0 93949 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 13377925 325497 SH SOLE 0 0 0 325497 VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 1614533 14036 SH SOLE 0 0 0 14036 VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 195670842 2529027 SH SOLE 0 0 0 2529027 VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102 16970331 290937 SH SOLE 0 0 0 290937 VANGUARD SPECIALIZED FUNDS DIV APP ETF 921908844 1196715 7023 SH SOLE 0 0 0 7023 VANGUARD STAR FDS VG TL INTL STK F 921909768 478170 8250 SH SOLE 0 0 0 8250 VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 32751005 683737 SH SOLE 0 0 0 683737 VEEVA SYS INC CL A COM 922475108 239302 1243 SH SOLE 0 0 0 1243 VERISK ANALYTICS INC COM 92345Y106 318984 1335 SH SOLE 0 0 0 1335 VISA INC COM CL A 92826C839 1089604 4185 SH SOLE 0 0 0 4185 WALMART INC COM 931142103 1048120 6648 SH SOLE 0 0 0 6648 WEC ENERGY GROUP INC COM 92939U106 250230 2973 SH SOLE 0 0 0 2973 WELLS FARGO CO NEW COM 949746101 1576884 32037 SH SOLE 0 0 0 32037 WISDOMTREE TR WISDOMTREE US VA 97717W547 5376453 78454 SH SOLE 0 0 0 78454 WISDOMTREE TR INTL SMCAP DIV 97717W760 6031033 94463 SH SOLE 0 0 0 94463 XCEL ENERGY INC COM 98389B100 748192 12085 SH SOLE 0 0 0 12085