Allied Investment Advisors, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 27, 2026), Allied Investment Advisors, LLC reported 100 stock positions worth $697.4 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 8.0% of the portfolio, followed by Vanguard Health Care ETF (VHT, 6.7%) and Caterpillar (CAT, 3.9%). Compared with Q4 2025, it opened 3 new positions, sold out of 5, added to 39 and reduced 17. The biggest buy was a new position in Totalenergies (TTE) and the biggest sale Goldman Sachs (GS, shares −3%).

Most Recent 13F
Q2 2026
Location
BILLINGS, MT
CIK
0001729869
Portfolio Value
$697.4M (Q1 2026)
SEC Filing
0001729869-26-000003 ↗ filed Apr 27, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $414.2M Q1 2024 Q2 2024: $426.2M Q2 2024 Q3 2024: $504.9M Q3 2024 Q4 2024: $496.2M Q4 2024 Q1 2025: $527.4M Q1 2025 Q2 2025: $571.9M Q2 2025 Q3 2025: $628.3M Q3 2025 Q4 2025: $646.8M Q4 2025 Q1 2026: $697.4M $697.4M Q1 2026 Q2 2026: $796.5M Q2 2026

Holdings 100 stocks · $697.4M
SCHD Schwab US DVD Equity ETF 7.99% 1,816,625 $55.7M Add +1.8%
VHT Vanguard Health Care ETF 6.70% 171,706 $46.8M Add +2.6%
CAT Caterpillar Inc. 3.94% 38,736 $27.4M Reduce -5.7%
MSFT Microsoft Corp. 3.51% 66,141 $24.5M Add +2.7%
XOM Exxon Mobil Corp. 3.08% 126,408 $21.4M Add +0.2%
JPM JPMorgan Chase & Co. 2.93% 69,517 $20.4M Add +0.1%
RTX RTX Corp. 2.74% 98,897 $19.1M Reduce -2.1%
CVX Chevron Corp. 2.72% 91,770 $19.0M Add +2.0%
SHEL Shell PLC-ADR 2.67% 200,189 $18.6M Add +1.9%
JNJ Johnson & Johnson 2.61% 74,483 $18.2M Reduce -0.1%
VPU Vanguard Utilities ETF 2.55% 89,612 $17.8M Add +1.4%
GS Goldman Sachs Group Inc. 2.52% 20,771 $17.6M Reduce -2.7%
FDX FedEx Corp. 2.50% 49,005 $17.5M Reduce -1.4%
TTE Totalenergies SE 2.49% 191,081 $17.4M New
DE Deere & Co. 2.38% 29,442 $16.6M Add +0.9%
STT State Street Corp. 2.32% 128,020 $16.2M Reduce -0.0%
WFC Wells Fargo & Co. 2.31% 202,689 $16.1M Add +1.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.28% 326,677 $15.9M Add +1.9%
LOW Lowe's Cos Inc. 2.12% 62,494 $14.8M Add +3.0%
LMT Lockheed Martin Corp. 2.07% 23,927 $14.5M Add +1.4%
USB US Bancorp 2.03% 272,447 $14.2M Add +1.6%
AAON Aaon Inc. 1.90% 160,040 $13.2M Add +3.5%
MMM 3M Co. 1.81% 86,998 $12.6M Add +3.1%
PEP Pepsico Inc. 1.81% 81,316 $12.6M Add +5.7%
AMRZ Amrize Ltd. 1.77% 220,267 $12.3M Add +6.1%
PG The Procter & Gamble Co. 1.76% 85,202 $12.3M Add +13.4%
AAPL Apple Inc. 1.75% 48,195 $12.2M Reduce -1.9%
TGT Target Corp. 1.74% 100,352 $12.2M Add +6.7%
O Realty Income Corp. 1.73% 197,732 $12.1M Add +7.1%
VGK Vanguard Ftse Europe ETF 1.70% 143,411 $11.8M Add +18.7%
MDT Medtronic PLC 1.68% 135,603 $11.8M Add +4.8%
SYY Sysco Corp. 1.66% 162,588 $11.6M Add +4.4%
PFE Pfizer Inc. 1.63% 404,125 $11.3M Add +8.8%
ABT Abbott Laboratories 1.55% 105,319 $10.8M Add +7.4%
OTIS Otis Worldwide Corp. 1.47% 132,978 $10.2M Add +6.8%
KMB Kimberly-Clark Corp. 1.42% 102,510 $9.9M Add +15.6%
GPC Genuine Parts Co. 1.38% 90,689 $9.6M Add +9.7%
DEO Diageo PLC-Sponsored ADR 1.21% 113,421 $8.4M Add +21.3%
VTI VG Morningstar TS MKT ETF-US 1.00% 21,829 $7.0M No change
PICK iShares MSCI Global Metals & 0.57% 70,374 $4.0M No change
EMR Emerson Electric Co. 0.49% 26,323 $3.4M Reduce -7.6%
GLD SPDR Gold Shares 0.41% 6,629 $2.9M No change
WMT Walmart Inc. 0.37% 20,524 $2.6M No change
NVDA Nvidia Corp. 0.28% 11,197 $2.0M Add +3.4%
BRK.B Berkshire Hathaway Inc. Class B 0.24% 3,536 $1.7M Reduce -10.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.23% 8,218 $1.6M Add +8.1%
BRK.A Berkshire Hathaway Inc. Class A 0.21% 2 $1.4M No change
COST Costco Wholesale Corp. 0.20% 1,398 $1.4M No change
VGT Vanguard Info Tech ETF 0.19% 1,924 $1.3M No change
NOBL Proshares S&P 500 Dividend A 0.19% 12,602 $1.3M Reduce -18.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.18% 5,099 $1.2M Reduce -0.9%
GOOGL Alphabet Inc. Class A 0.15% 3,721 $1.1M Add +0.2%
AVGO Broadcom Inc. 0.13% 2,938 $909K No change
SPLV Invesco S&P 500 Low Volatili 0.13% 12,200 $892K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.12% 1,273 $828K Add +0.4%
GBCI Glacier Bancorp Inc. 0.12% 18,527 $828K No change
MRK Merck & Co. Inc. 0.11% 6,387 $768K Reduce -1.5%
GOOG Alphabet Inc. Class C 0.10% 2,424 $695K No change
AMZN Amazon.com Inc. 0.10% 3,248 $676K Add +3.4%
ECG Everus Construction Group 0.09% 5,607 $662K No change
META Meta Platforms Inc. Class A 0.09% 1,149 $657K Add +3.5%
HD Home Depot Inc. 0.09% 1,971 $648K Add +6.4%
SBUX Starbucks Corp. 0.09% 7,117 $638K No change
EBMT Eagle Bancorp Montana Inc. 0.09% 29,669 $611K Reduce -6.6%
DFUS Dimensional US Eq MKT ETF 0.08% 7,752 $550K No change
ABBV Abbvie Inc. 0.07% 2,292 $498K No change
FIBK First Interstate Bancsys-A 0.07% 14,078 $470K Reduce -9.8%
MDU Mdu Resources Group Inc. 0.07% 22,304 $462K No change
MCD McDonald's Corp. 0.06% 1,366 $425K No change
C Citigroup Inc. 0.06% 3,714 $421K Add +0.2%
MCK McKesson Corp. 0.06% 479 $415K No change
SCHV Schwab US Large-Cap Value 0.05% 12,451 $380K No change
KNF Knife River Corp. 0.05% 4,572 $373K No change
BA The Boeing Co. 0.05% 1,834 $365K No change
COP Conocophillips 0.05% 2,737 $361K No change
POWL Powell Industries Inc. 0.05% 642 $347K No change
CSCO Cisco Systems Inc. 0.05% 4,428 $344K No change
STLD Steel Dynamics Inc. 0.05% 1,827 $329K No change
ORCL Oracle Corp. 0.04% 2,050 $302K No change
AXP American Express Co. 0.04% 989 $299K No change
AMD Advanced Micro Devices 0.04% 1,443 $294K No change
LLY Eli Lilly & Co. 0.04% 312 $287K No change
SLV iShares Silver Trust 0.04% 4,107 $280K Add +19.3%
IVV iShares Core S&P 500 ETF 0.04% 428 $280K Reduce -11.2%
CSL Carlisle Cos Inc. 0.04% 820 $274K No change
QQQ Invesco QQQ Trust Series 1 0.04% 472 $272K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.04% 734 $270K No change
SCHW Schwab (charles) Corp. 0.04% 2,639 $248K No change
VIS Vanguard Industrials ETF 0.03% 778 $243K Reduce -22.7%
IWM iShares Russell 2000 ETF 0.03% 948 $235K No change
AGG iShares Core U.S. Aggregate 0.03% 2,309 $229K No change
VFH Vanguard Financials ETF 0.03% 1,863 $225K Reduce -48.0%
WPC WP Carey Inc. 0.03% 3,281 $223K No change
CMI Cummins Inc. 0.03% 413 $222K No change
MLI Mueller Industries Inc. 0.03% 1,967 $218K No change
GLW Corning Inc. 0.03% 1,544 $210K New
FSLR First Solar Inc. 0.03% 1,027 $203K No change
VTIP Vanguard Short-Term Tips 0.03% 4,014 $200K New
F Ford Motor Co. filed as FORD MTR CO 0.02% 12,330 $142K No change
GERN Geron Corp. 0.00% 15,959 $24K No change

Portfolio Sells Q4 2025 → Q1 2026
GS Goldman Sachs Group Inc. Reduce -2.7% 2.52% −0.38
AAPL Apple Inc. Reduce -1.9% 1.75% −0.31
STT State Street Corp. Reduce -0.0% 2.32% −0.23
RTX RTX Corp. Reduce -2.1% 2.74% −0.13
EMR Emerson Electric Co. Reduce -7.6% 0.49% −0.09
BRK.B Berkshire Hathaway Inc. Class B Reduce -10.3% 0.24% −0.06
IBM Intl Business Machines Corp. Reduce -0.9% 0.18% −0.06
NOBL Proshares S&P 500 Dividend A Reduce -18.8% 0.19% −0.06
MO Altria Group Inc. Sold out 0.00% −0.05
VFH Vanguard Financials ETF Reduce -48.0% 0.03% −0.04
UNH Unitedhealth Group Inc. Sold out 0.00% −0.03
PSX Phillips 66 Sold out 0.00% −0.03
ADP Automatic Data Processing Sold out 0.00% −0.03
FIBK First Interstate Bancsys-A Reduce -9.8% 0.07% −0.02
VIS Vanguard Industrials ETF Reduce -22.7% 0.03% −0.01
IVV iShares Core S&P 500 ETF Reduce -11.2% 0.04% −0.01
EBMT Eagle Bancorp Montana Inc. Reduce -6.6% 0.09% −0.01
RTB RTB Digital Inc. Sold out 0.00% −0.00
MRK Merck & Co. Inc. Reduce -1.5% 0.11% +0.00
JNJ Johnson & Johnson Reduce -0.1% 2.61% +0.23
FDX FedEx Corp. Reduce -1.4% 2.50% +0.28
CAT Caterpillar Inc. Reduce -5.7% 3.94% +0.30

Portfolio Buys Q4 2025 → Q1 2026
TTE Totalenergies SE New 2.49% +2.49
XOM Exxon Mobil Corp. Add +0.2% 3.08% +0.73
CVX Chevron Corp. Add +2.0% 2.72% +0.60
SHEL Shell PLC-ADR Add +1.9% 2.67% +0.44
SCHD Schwab US DVD Equity ETF Add +1.8% 7.99% +0.43
TGT Target Corp. Add +6.7% 1.74% +0.32
LMT Lockheed Martin Corp. Add +1.4% 2.07% +0.31
DE Deere & Co. Add +0.9% 2.38% +0.28
PFE Pfizer Inc. Add +8.8% 1.63% +0.20
VGK Vanguard Ftse Europe ETF Add +18.7% 1.70% +0.13
O Realty Income Corp. Add +7.1% 1.73% +0.13
PEP Pepsico Inc. Add +5.7% 1.81% +0.10
PG The Procter & Gamble Co. Add +13.4% 1.76% +0.10
AAON Aaon Inc. Add +3.5% 1.90% +0.08
KMB Kimberly-Clark Corp. Add +15.6% 1.42% +0.03
AMRZ Amrize Ltd. Add +6.1% 1.77% +0.03
GLW Corning Inc. New 0.03% +0.03
VTIP Vanguard Short-Term Tips New 0.03% +0.03
VPU Vanguard Utilities ETF Add +1.4% 2.55% +0.02
VTV Vanguard Mrngstr Val ETF-Aui Add +8.1% 0.23% +0.01
SLV iShares Silver Trust Add +19.3% 0.04% +0.01
HD Home Depot Inc. Add +6.4% 0.09% −0.01
C Citigroup Inc. Add +0.2% 0.06% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.4% 0.12% −0.01
AMZN Amazon.com Inc. Add +3.4% 0.10% −0.02
META Meta Platforms Inc. Class A Add +3.5% 0.09% −0.02
GOOGL Alphabet Inc. Class A Add +0.2% 0.15% −0.03
NVDA Nvidia Corp. Add +3.4% 0.28% −0.03
DEO Diageo PLC-Sponsored ADR Add +21.3% 1.21% −0.04
SYY Sysco Corp. Add +4.4% 1.66% −0.11
LOW Lowe's Cos Inc. Add +3.0% 2.12% −0.15
USB US Bancorp Add +1.6% 2.03% −0.18
GPC Genuine Parts Co. Add +9.7% 1.38% −0.20
OTIS Otis Worldwide Corp. Add +6.8% 1.47% −0.21
MDT Medtronic PLC Add +4.8% 1.68% −0.24
MMM 3M Co. Add +3.1% 1.81% −0.28
ABT Abbott Laboratories Add +7.4% 1.55% −0.35
BAC Bank of America Corp. Add +1.9% 2.28% −0.44
JPM JPMorgan Chase & Co. Add +0.1% 2.93% −0.53
WFC Wells Fargo & Co. Add +1.0% 2.31% −0.58
VHT Vanguard Health Care ETF Add +2.6% 6.70% −0.74
MSFT Microsoft Corp. Add +2.7% 3.51% −1.30

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 110$796.5MSCHD, VHT, MSFT, JPM, CAT
Q1 2026 100$697.4MSCHD, VHT, CAT, MSFT, XOM
Q4 2025 102$646.8MSCHD, VHT, MSFT, CAT, JPM
Q3 2025 97$628.3MSCHD, VHT, MSFT, JPM, CAT
Q2 2025 87$571.9MSCHD, VHT, MSFT, VPU, JPM
Q1 2025 86$527.4MSCHD, VHT, MSFT, VPU, JPM
Q4 2024 79$496.2MSCHD, VHT, MSFT, VPU, AAPL
Q3 2024 74$504.9MSCHD, VHT, MSFT, VPU, AAPL
Q2 2024 74$426.2MVHT, MSFT, VPU, AAPL, JPM
Q1 2024 70$414.2MVHT, MSFT, VPU, CAT, JPM