Bayban

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 24, 2026), Bayban reported 671 stock positions worth $115.0 million. Its top holding was Unitedhealth (UNH) at 9.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 5.1%) and Exxon Mobil (XOM, 4.6%). Compared with Q4 2025, it opened 121 new positions, sold out of 64, added to 90 and reduced 70. The biggest buy was Walmart (WMT, shares +631%) and the biggest sale Unitedhealth (UNH, shares −1%).

Most Recent 13F
Q2 2026
Location
Bayport, MN
CIK
0002110649
Portfolio Value
$115.0M (Q1 2026)
SEC Filing
0001140361-26-016595 ↗ filed Apr 24, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q4 2025: $113.1M Q4 2025 Q1 2026: $115.0M $115.0M Q1 2026 Q2 2026: $130.3M Q2 2026

Holdings 671 stocks · $115.0M
UNH Unitedhealth Group Inc. 9.43% 40,082 $10.8M Reduce -1.4%
IVV iShares Core S&P 500 ETF 5.06% 8,902 $5.8M Reduce -0.3%
XOM Exxon Mobil Corp. 4.58% 31,080 $5.3M Add +14.9%
AAPL Apple Inc. 4.41% 19,993 $5.1M Add +14.9%
VTI VG Morningstar TS MKT ETF-US 4.31% 15,466 $5.0M Reduce -0.1%
USB US Bancorp 3.62% 80,038 $4.2M Reduce -0.0%
WMT Walmart Inc. 2.87% 26,519 $3.3M Add +630.8%
VEA Vanguard Ftse Developed ETF 2.70% 48,529 $3.1M Reduce -0.6%
MSFT Microsoft Corp. 1.84% 5,712 $2.1M Add +1.6%
JNJ Johnson & Johnson 1.70% 8,021 $2.0M Add +2.9%
MMM 3M Co. 1.48% 11,702 $1.7M Add +1.1%
IEFA iShares Core MSCI Eafe ETF 1.38% 17,584 $1.6M Add +0.9%
QQQ Invesco QQQ Trust Series 1 1.24% 2,472 $1.4M Reduce -0.4%
IWF iShares Russell 1000 Growth 1.23% 3,330 $1.4M No change
TGT Target Corp. 1.12% 10,643 $1.3M Add +0.2%
CAT Caterpillar Inc. 1.07% 1,742 $1.2M Add +4.4%
EEM iShares MSCI Emerging Market 1.02% 20,682 $1.2M No change
XEL Xcel Energy Inc. 0.98% 14,230 $1.1M Reduce -21.9%
VIG Vanguard Dividend Apprec ETF 0.98% 5,254 $1.1M Reduce -4.8%
IWO iShares Russell 2000 Growth 0.96% 3,531 $1.1M No change
NEE Nextera Energy Inc. 0.89% 10,987 $1.0M Add +79.7%
VICR Vicor Corp. 0.85% 6,100 $982K Reduce -14.1%
VXUS Vanguard Total Intl Stock 0.82% 12,181 $939K Reduce -14.1%
IJH iShares Core S&P Midcap ETF 0.78% 13,329 $900K No change
JPM JPMorgan Chase & Co. 0.77% 3,030 $891K Add +6.0%
XLK SS Technology Select Sector 0.76% 6,588 $876K Reduce -0.5%
WFC Wells Fargo & Co. 0.75% 10,886 $867K Reduce -0.9%
VWO Vanguard Ftse Emerging Marke 0.73% 15,495 $838K No change
ABBV Abbvie Inc. 0.70% 3,697 $804K No change
IWP iShares Russell Mid-Cap Grow 0.69% 6,156 $789K No change
GNR State Street SPDR S&P Global 0.68% 10,520 $786K No change
MINN Mairs & Power MN Muni Bond 0.68% 35,298 $781K Add +8.1%
VGT Vanguard Info Tech ETF 0.67% 1,105 $771K No change
KO The Coca-Cola Co. 0.65% 9,796 $745K Add +20.9%
VYM Vanguard High DVD Yield ETF 0.63% 4,863 $720K Reduce -7.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.62% 1,091 $710K No change
XLV SS Health Care Select Sector 0.60% 4,742 $695K Reduce -2.0%
EFG iShares MSCI Eafe Growth ETF 0.58% 5,997 $668K No change
PIPR Piper Sandler Cos 0.55% 8,324 $637K No change
BRK.B Berkshire Hathaway Inc. Class B 0.54% 1,304 $625K Add +17.3%
PEP Pepsico Inc. 0.53% 3,938 $612K Reduce -30.1%
IJR iShares Core S&P Small-Cap E 0.52% 4,832 $601K No change
ADP Automatic Data Processing 0.51% 2,868 $583K Add +512.8%
GOOG Alphabet Inc. Class C 0.50% 2,018 $579K Add +54.3%
COST Costco Wholesale Corp. 0.49% 571 $569K Add +42.0%
CSCO Cisco Systems Inc. 0.47% 6,935 $538K Add +1.8%
BALL Ball Corp. 0.46% 9,040 $534K New
EPD Enterprise Products Partners 0.43% 13,100 $496K No change
OTTR Otter Tail Corp. 0.40% 5,201 $456K Add +11.4%
ABT Abbott Laboratories 0.39% 4,339 $445K No change
ADM Archer-Daniels-Midland Co. 0.39% 6,128 $445K No change
USMV iShares MSCI USA Min Vol Fac 0.39% 4,797 $445K Add +2.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.38% 2,000 $433K No change
AMZN Amazon.com Inc. 0.35% 1,947 $406K Add +9.9%
PM Philip Morris International 0.35% 2,402 $397K Add +45.0%
BNDX Vanguard Total Intl Bond ETF 0.34% 8,128 $391K No change
XLY SS Consumer Disc Select Sect 0.33% 3,524 $384K No change
IWD iShares Russell 1000 Value E 0.33% 1,784 $381K No change
MCD McDonald's Corp. 0.33% 1,224 $380K No change
CVX Chevron Corp. 0.33% 1,815 $376K Add +8.8%
PG The Procter & Gamble Co. 0.33% 2,588 $374K Add +2.5%
HD Home Depot Inc. 0.30% 1,066 $351K No change
TRV The Travelers Cos Inc. 0.29% 1,163 $339K Add +16.8%
LMT Lockheed Martin Corp. 0.29% 560 $338K No change
ECL Ecolab Inc. 0.28% 1,218 $324K Reduce -25.2%
VNQ Vanguard Real Estate ETF 0.28% 3,641 $323K Add +0.2%
IEMG iShares Core MSCI Emerging 0.28% 4,593 $320K Reduce -6.3%
NSC Norfolk Southern Corp. 0.28% 1,103 $317K Add +842.7%
ORCL Oracle Corp. 0.27% 2,140 $315K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.26% 1,251 $303K Add +29.8%
NOC Northrop Grumman Corp. 0.26% 436 $297K New
XLF SS Financial Select Sector 0.25% 5,887 $291K No change
IWS iShares Russell Mid-Cap Valu 0.25% 1,966 $287K No change
IWR iShares Russell Mid-Cap ETF 0.25% 2,900 $282K No change
MA Mastercard Inc. Class A 0.24% 545 $272K Reduce -6.0%
GIS General Mills Inc. 0.23% 7,078 $263K Reduce -0.3%
MCK McKesson Corp. 0.23% 299 $259K No change
ETN Eaton Corp. PLC 0.22% 702 $251K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.22% 1,150 $250K No change
IVW iShares S&P 500 Growth ETF 0.22% 2,206 $250K Reduce -3.6%
BTI British American Tob-SP ADR 0.22% 4,237 $248K No change
VOO Vanguard S&P 500 ETF 0.21% 409 $244K Reduce -50.0%
XLE SS Energy Select Sector 0.21% 3,956 $242K No change
IWN iShares Russell 2000 Value E 0.21% 1,250 $237K No change
MRK Merck & Co. Inc. 0.20% 1,939 $233K Reduce -1.9%
WMB Williams Cos Inc. 0.20% 3,115 $227K No change
XLI SS Industrial Select Sector 0.20% 1,387 $224K No change
GE General Electric filed as GE AEROSPACE 0.19% 790 $224K Add +452.4%
AMGN Amgen Inc. 0.19% 630 $222K No change
SPYV SS SPDR P S&P 500 Value ETF 0.19% 3,917 $222K Reduce -12.2%
BBAX JPMorgan Betabuilders Develo 0.19% 3,722 $221K No change
V Visa Inc. Class A 0.19% 731 $221K Reduce -77.5%
SBUX Starbucks Corp. 0.18% 2,375 $213K Add +2.1%
TXN Texas Instruments Inc. 0.18% 1,067 $207K No change
T AT&T Inc. 0.18% 7,079 $205K Add +74.5%
TFC Truist Financial Corp. 0.18% 4,443 $204K Add +3.1%
IEF iShares 7-10 Year Treasury B 0.17% 2,100 $200K No change
NUV Nuveen Municipal Value 0.17% 22,100 $199K No change
PANW Palo Alto Networks Inc. 0.17% 1,226 $197K No change
EFV iShares MSCI Eafe Value ETF 0.17% 2,639 $196K No change

Show all 671 holdings

Portfolio Sells Q4 2025 → Q1 2026
UNH Unitedhealth Group Inc. Reduce -1.4% 9.43% −2.43
V Visa Inc. Class A Reduce -77.5% 0.19% −0.81
FIS Fidelity National Info Serv Sold out 0.00% −0.44
FAST Fastenal Co. Reduce -95.5% 0.02% −0.36
DUK Duke Energy Corp. Reduce -79.9% 0.10% −0.36
IVV iShares Core S&P 500 ETF Reduce -0.3% 5.06% −0.35
WEC WEC Energy Group Inc. Reduce -87.2% 0.05% −0.33
BMO Bank of Montreal Reduce -83.4% 0.06% −0.28
VTI VG Morningstar TS MKT ETF-US Reduce -0.1% 4.31% −0.27
VOO Vanguard S&P 500 ETF Reduce -50.0% 0.21% −0.24
BAC Bank of America Corp. Reduce -86.2% 0.03% −0.24
XEL Xcel Energy Inc. Reduce -21.9% 0.98% −0.21
PEP Pepsico Inc. Reduce -30.1% 0.53% −0.18
USB US Bancorp Reduce -0.0% 3.62% −0.16
WFC Wells Fargo & Co. Reduce -0.9% 0.75% −0.15
VXUS Vanguard Total Intl Stock Reduce -14.1% 0.82% −0.13
QQQ Invesco QQQ Trust Series 1 Reduce -0.4% 1.24% −0.11
ECL Ecolab Inc. Reduce -25.2% 0.28% −0.10
SYK Stryker Corp. Reduce -90.9% 0.01% −0.09
VIG Vanguard Dividend Apprec ETF Reduce -4.8% 0.98% −0.09
XLK SS Technology Select Sector Reduce -0.5% 0.76% −0.08
VYMI Vanguard Int High DVD YLD Inc. Reduce -58.2% 0.05% −0.07
GIS General Mills Inc. Reduce -0.3% 0.23% −0.06
VHT Vanguard Health Care ETF Reduce -25.5% 0.14% −0.06
XLV SS Health Care Select Sector Reduce -2.0% 0.60% −0.06
MA Mastercard Inc. Class A Reduce -6.0% 0.24% −0.06
VYM Vanguard High DVD Yield ETF Reduce -7.9% 0.63% −0.04
SCHD Schwab US DVD Equity ETF Reduce -37.9% 0.09% −0.04
SNY Sanofi-ADR Reduce -98.1% 0.00% −0.04
IYH iShares U.S. Healthcare ETF Sold out 0.00% −0.04
SPYG SS SPDR P S&P 500 Growth ETF Reduce -66.6% 0.02% −0.04
MDY State Street SPDR S&P Midcap Reduce -19.7% 0.15% −0.03
IVW iShares S&P 500 Growth ETF Reduce -3.6% 0.22% −0.03
UPS United Parcel Service Class B Reduce -63.3% 0.02% −0.03
MOAT Vaneck Morningstar Wide Moat Reduce -24.4% 0.07% −0.03
SPYV SS SPDR P S&P 500 Value ETF Reduce -12.2% 0.19% −0.03
PCH Potlatchdeltic Corp. Sold out 0.00% −0.03
NGG National Grid PLC-SP ADR Reduce -28.3% 0.09% −0.03
ACN Accenture PLC Class A Reduce -1.7% 0.07% −0.03
GLD SPDR Gold Shares Reduce -45.0% 0.04% −0.03
PAYX Paychex Inc. Reduce -28.4% 0.03% −0.03
UNP Union Pacific Corp. Reduce -16.8% 0.15% −0.02
FIVE Five Below Reduce -83.1% 0.01% −0.02
KMB Kimberly-Clark Corp. Reduce -57.2% 0.02% −0.02
BSV Vanguard Short-Term Bond ETF Reduce -34.9% 0.04% −0.02
TYL Tyler Technologies Inc. Reduce -72.7% 0.01% −0.02
TOST Toast Inc. Class A Reduce -91.2% 0.00% −0.02
AMCR Amcor PLC Sold out 0.00% −0.02
PRVA Privia Health Group Inc. Reduce -79.8% 0.00% −0.02
WST West Pharmaceutical Services Reduce -74.8% 0.01% −0.02

Portfolio Buys Q4 2025 → Q1 2026
WMT Walmart Inc. Add +630.8% 2.87% +2.51
XOM Exxon Mobil Corp. Add +14.9% 4.58% +1.71
BALL Ball Corp. New 0.46% +0.46
NEE Nextera Energy Inc. Add +79.7% 0.89% +0.45
ADP Automatic Data Processing Add +512.8% 0.51% +0.40
JNJ Johnson & Johnson Add +2.9% 1.70% +0.28
NOC Northrop Grumman Corp. New 0.26% +0.26
NSC Norfolk Southern Corp. Add +842.7% 0.28% +0.25
AAPL Apple Inc. Add +14.9% 4.41% +0.23
CAT Caterpillar Inc. Add +4.4% 1.07% +0.23
TGT Target Corp. Add +0.2% 1.12% +0.20
COST Costco Wholesale Corp. Add +42.0% 0.49% +0.19
GE General Electric Add +452.4% 0.19% +0.16
KO The Coca-Cola Co. Add +20.9% 0.65% +0.15
GOOG Alphabet Inc. Class C Add +54.3% 0.50% +0.14
GEV GE Vernova Inc. Add +2012.5% 0.13% +0.12
BDX Becton Dickinson and Co. Add +503.8% 0.15% +0.12
PM Philip Morris International Add +45.0% 0.35% +0.11
CVX Chevron Corp. Add +8.8% 0.33% +0.10
T AT&T Inc. Add +74.5% 0.18% +0.09
BR Broadridge Financial Solutio New 0.08% +0.08
QUAL iShares MSCI USA Quality Fac Add +714.3% 0.10% +0.08
ADBE Adobe Inc. New 0.07% +0.07
GBIL Goldman Sachs Access Treasur New 0.07% +0.07
OTTR Otter Tail Corp. Add +11.4% 0.40% +0.06
MO Altria Group Inc. New 0.06% +0.06
CGUS Cap Group Core Equity New 0.05% +0.05
COP Conocophillips Add +71.2% 0.09% +0.05
GS Goldman Sachs Group Inc. Add +54.3% 0.16% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +17.3% 0.54% +0.05
TRV The Travelers Cos Inc. Add +16.8% 0.29% +0.04
WAT Waters Corp. New 0.04% +0.04
NVDA Nvidia Corp. Add +40.0% 0.17% +0.04
VZ Verizon Communications Inc. Add +3.1% 0.17% +0.03
PSX Phillips 66 Add +17.7% 0.08% +0.03
CGDV Cap Group Dividend Value New 0.03% +0.03
DIHP Dimensional International Hi New 0.03% +0.03
RYN Rayonier Inc. New 0.03% +0.03
MINN Mairs & Power MN Muni Bond Add +8.1% 0.68% +0.03
VOD Vodafone Group PLC-SP ADR Add +6696.7% 0.03% +0.03
IXN iShares Global Tech ETF New 0.02% +0.02
HII Huntington Ingalls Industrie New 0.02% +0.02
NFLX Netflix Inc. Add +400.0% 0.03% +0.02
FDX FedEx Corp. New 0.02% +0.02
CTVA Corteva Inc. Add +113.7% 0.04% +0.02
ARW Arrow Electronics Inc. New 0.02% +0.02
VCSH Vanguard S/T Corp. Bond ETF New 0.02% +0.02
ROKU Roku Inc. Add +1300.0% 0.02% +0.02
DOW Dow Inc. Add +116.3% 0.03% +0.02
ADI Analog Devices Inc. Add +16.4% 0.08% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 595$130.3MUNH, IVV, AAPL, VTI, USB
Q1 2026 671$115.0MUNH, IVV, XOM, AAPL, VTI
Q4 2025 613$113.1MUNH, IVV, VTI, AAPL, USB