Bedel Financial Consulting, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 29, 2026), Bedel Financial Consulting, Inc. reported 307 stock positions worth $1.0 billion. Its top holding was Eli Lilly (LLY) at 37.8% of the portfolio, followed by Dimensional International (DFAI, 6.3%) and Vanguard Tax-Exempt Bond ETF (VTEB, 3.4%). Compared with Q1 2026, it opened 25 new positions, sold out of 12, added to 129 and reduced 72. The biggest buy was Eli Lilly (LLY, shares +0%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- INDIANAPOLIS, IN
- CIK
- 0001730511
- Portfolio Value
- $1.0B (Q2 2026)
- SEC Filing
- 0001765380-26-000237 ↗ filed Jul 29, 2026
Holdings Value
Holdings 307 stocks · $1.0B
| LLY Eli Lilly & Co. | 37.76% | 328,198 | $393.7M | Add +0.2% |
| DFAI Dimensional International Co. | 6.26% | 1,582,438 | $65.3M | Add +3.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 3.41% | 703,574 | $35.6M | Reduce -0.0% |
| DFAE Dimensional Emerging Core Eq | 3.09% | 801,558 | $32.2M | Add +3.6% |
| AAPL Apple Inc. | 2.33% | 84,110 | $24.3M | Add +9.4% |
| AVDV Avantis Intl S/C Value ETF | 1.77% | 178,867 | $18.4M | Add +3.9% |
| IMCG iShares Morningstar Mid-Cap | 1.58% | 167,366 | $16.5M | Add +1.4% |
| EFG iShares MSCI Eafe Growth ETF | 1.49% | 124,600 | $15.5M | Add +1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.42% | 19,763 | $14.8M | Add +2.2% |
| CGGR Cap Group Growth Equity | 1.35% | 297,114 | $14.0M | Add +2.6% |
| MSFT Microsoft Corp. | 1.21% | 33,756 | $12.6M | Add +0.1% |
| TOTL SS Doubleline TR Tact ETF | 1.00% | 264,075 | $10.4M | Add +4.2% |
| JPM JPMorgan Chase & Co. | 0.99% | 31,680 | $10.4M | Add +0.6% |
| PAPR Innovator U.S. Equity Power | 0.95% | 235,808 | $10.0M | Reduce -0.1% |
| FYC First Trust Small Cap Growth | 0.95% | 78,032 | $9.9M | Add +1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.91% | 19,036 | $9.5M | Add +3.0% |
| IMCV iShares Morningstar Mid-Cap | 0.86% | 97,819 | $8.9M | Add +7.1% |
| GOOGL Alphabet Inc. Class A | 0.78% | 22,888 | $8.2M | Add +8.4% |
| IVV iShares Core S&P 500 ETF | 0.77% | 10,722 | $8.0M | Reduce -9.8% |
| FLV American Century Focused Lar | 0.74% | 95,018 | $7.7M | Add +7.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.68% | 89,970 | $7.1M | Add +19.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.64% | 18,045 | $6.7M | Add +4.2% |
| DFAT Dimensional US Target Value | 0.61% | 90,713 | $6.3M | Add +20.7% |
| AMAT Applied Materials Inc. | 0.60% | 8,677 | $6.3M | Reduce -5.3% |
| IMCB iShares Morningstar Mid-Cap | 0.59% | 63,707 | $6.2M | Add +6.8% |
| GOOG Alphabet Inc. Class C | 0.56% | 16,537 | $5.8M | Add +11.8% |
| ISCF iShares International Small | 0.50% | 121,298 | $5.3M | Add +0.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.50% | 7 | $5.2M | No change |
| NVDA Nvidia Corp. | 0.50% | 25,990 | $5.2M | Add +2.9% |
| CMI Cummins Inc. | 0.49% | 7,171 | $5.1M | Add +6.0% |
| IWR iShares Russell Mid-Cap ETF | 0.47% | 44,786 | $4.9M | Add +4.4% |
| COWZ Pacer US Cash Cows 100 ETF | 0.46% | 77,445 | $4.8M | Reduce -0.5% |
| DFIV Dimensional International Va | 0.45% | 87,003 | $4.7M | Reduce -0.5% |
| VNLA Janus Henderson Short Durati | 0.41% | 87,175 | $4.3M | Add +34.6% |
| QUAL iShares MSCI USA Quality Fac | 0.38% | 17,903 | $3.9M | Add +0.0% |
| VOO Vanguard S&P 500 ETF | 0.37% | 5,652 | $3.9M | Add +3.5% |
| VTES Vanguard SH Term Tax-Ex Bond | 0.37% | 38,035 | $3.9M | Add +9.3% |
| PFFV Global X Variable Rate Pref | 0.36% | 169,993 | $3.7M | Add +2.1% |
| IWM iShares Russell 2000 ETF | 0.34% | 11,795 | $3.5M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 0.34% | 14,710 | $3.5M | Add +4.4% |
| JNJ Johnson & Johnson | 0.32% | 13,084 | $3.3M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 0.31% | 27,560 | $3.2M | Reduce -6.8% |
| XOM Exxon Mobil Corp. | 0.31% | 23,438 | $3.2M | Reduce -2.0% |
| GLD SPDR Gold Shares | 0.30% | 8,413 | $3.1M | Add +1.1% |
| IJUL Innovator International Deve | 0.29% | 85,469 | $3.1M | Add +4.7% |
| QGRO American Century US Quality | 0.29% | 25,275 | $3.0M | Add +0.4% |
| INTC Intel Corp. | 0.28% | 21,239 | $3.0M | Reduce -9.3% |
| ABBV Abbvie Inc. | 0.28% | 11,757 | $3.0M | Add +0.1% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.28% | 50,980 | $2.9M | Add +8.8% |
| EFA iShares MSCI Eafe ETF | 0.27% | 26,890 | $2.8M | Add +0.1% |
| WMT Walmart Inc. | 0.26% | 24,144 | $2.7M | Reduce -4.5% |
| IJH iShares Core S&P Midcap ETF | 0.24% | 32,421 | $2.5M | Reduce -3.2% |
| BUFB Innovator Ladd Allo Buff ETF | 0.23% | 61,726 | $2.4M | Add +9.0% |
| HGER Harbor Commodity All Weather | 0.23% | 82,434 | $2.4M | New |
| GSPY Gotham Enhanced 500 ETF | 0.23% | 58,197 | $2.4M | Add +0.1% |
| VSDM Vanguard Short Tax-Ex Bond | 0.22% | 30,560 | $2.3M | New |
| FNX First Trust Mid Cap Core Alp | 0.22% | 15,700 | $2.3M | No change |
| IWF iShares Russell 1000 Growth | 0.22% | 18,197 | $2.3M | Add +1.2% |
| ORCL Oracle Corp. | 0.22% | 15,315 | $2.2M | No change |
| ACWX iShares MSCI Acwi Ex US ETF | 0.21% | 29,434 | $2.2M | Add +0.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.21% | 25,658 | $2.2M | Reduce -4.6% |
| CAT Caterpillar Inc. | 0.19% | 1,904 | $2.0M | Reduce -1.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.19% | 23,849 | $2.0M | No change |
| KO The Coca-Cola Co. | 0.19% | 24,034 | $2.0M | Reduce -3.0% |
| HD Home Depot Inc. | 0.19% | 5,533 | $2.0M | Add +0.3% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.18% | 37,345 | $1.9M | Reduce -0.2% |
| MCD McDonald's Corp. | 0.18% | 6,974 | $1.9M | Reduce -2.0% |
| VWO Vanguard Ftse Emerging Marke | 0.18% | 31,326 | $1.9M | Add +3.2% |
| POCT Innovator U.S. Equity Power | 0.17% | 38,542 | $1.8M | Reduce -1.7% |
| IBHF iShares Ibond 2026 HY & Inc. | 0.17% | 77,356 | $1.8M | Add +0.2% |
| META Meta Platforms Inc. Class A | 0.17% | 3,097 | $1.7M | Add +2.8% |
| SPG Simon Property Group Inc. | 0.17% | 7,718 | $1.7M | No change |
| IWS iShares Russell Mid-Cap Valu | 0.16% | 10,294 | $1.7M | Add +1.2% |
| TCHP T Rowe Price Blue Chip Growt | 0.16% | 32,409 | $1.6M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 0.16% | 11,060 | $1.6M | Add +4.3% |
| PEP Pepsico Inc. | 0.16% | 11,961 | $1.6M | Reduce -3.8% |
| TSLA Tesla Inc. | 0.15% | 3,830 | $1.6M | Add +9.0% |
| PJUL Innovator U.S. Equity Power | 0.15% | 32,938 | $1.6M | Add +22.9% |
| MINT PIMCO Enhanced Short Maturit | 0.15% | 15,520 | $1.6M | Reduce -1.0% |
| VGT Vanguard Info Tech ETF | 0.15% | 13,082 | $1.6M | Add +12.5% |
| AMD Advanced Micro Devices | 0.14% | 2,576 | $1.5M | Reduce -8.3% |
| UOCT Innovator U.S. Equity Ultra | 0.14% | 36,171 | $1.5M | No change |
| DFAS Dimensional US Small Cap ETF | 0.14% | 17,731 | $1.5M | Add +0.4% |
| CVX Chevron Corp. | 0.14% | 8,775 | $1.5M | Reduce -0.4% |
| AXP American Express Co. | 0.14% | 4,250 | $1.4M | Add +0.1% |
| AVLV Avantis US Large Cap Value | 0.14% | 15,539 | $1.4M | Add +9.9% |
| VXUS Vanguard Total Intl Stock | 0.13% | 16,434 | $1.4M | Add +0.4% |
| HELO JPMorgan Hedged Equity ETF | 0.13% | 20,569 | $1.4M | Reduce -2.5% |
| HBAN Huntington Bancshares Inc. | 0.13% | 77,944 | $1.4M | Add +0.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.13% | 4,557 | $1.4M | Add +6.9% |
| IWD iShares Russell 1000 Value E | 0.13% | 5,469 | $1.3M | Add +1.5% |
| ISRG Intuitive Surgical Inc. | 0.12% | 3,245 | $1.3M | No change |
| LOW Lowe's Cos Inc. | 0.12% | 5,815 | $1.3M | Add +0.0% |
| IJS iShares S&P Small-Cap 600 Va | 0.12% | 9,354 | $1.3M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.12% | 13,229 | $1.3M | Reduce -5.5% |
| AVGO Broadcom Inc. | 0.12% | 3,310 | $1.3M | Add +0.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.12% | 5,734 | $1.2M | Add +0.4% |
| RTX RTX Corp. | 0.12% | 6,466 | $1.2M | No change |
| COST Costco Wholesale Corp. | 0.11% | 1,212 | $1.1M | Add +14.4% |
| IWN iShares Russell 2000 Value E | 0.11% | 5,121 | $1.1M | Reduce -1.7% |
Options reported separately and not counted above: LLY puts ($22.1M), PLTR puts ($268K).
Portfolio Sells Q1 2026 → Q2 2026
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -0.0% | 3.41% | −0.62 |
| XOM Exxon Mobil Corp. | Reduce -2.0% | 0.31% | −0.16 |
| PAPR Innovator U.S. Equity Power | Reduce -0.1% | 0.95% | −0.12 |
| IVV iShares Core S&P 500 ETF | Reduce -9.8% | 0.77% | −0.12 |
| WMT Walmart Inc. | Reduce -4.5% | 0.26% | −0.10 |
| HON Honeywell International Inc. | Reduce -0.1% | 0.07% | −0.10 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -0.5% | 0.46% | −0.10 |
| DFIV Dimensional International Va | Reduce -0.5% | 0.45% | −0.08 |
| MCD McDonald's Corp. | Reduce -2.0% | 0.18% | −0.07 |
| CVX Chevron Corp. | Reduce -0.4% | 0.14% | −0.07 |
| PEP Pepsico Inc. | Reduce -3.8% | 0.16% | −0.07 |
| SCHD Schwab US DVD Equity ETF | Reduce -40.5% | 0.06% | −0.06 |
| JNJ Johnson & Johnson | Reduce -0.9% | 0.32% | −0.05 |
| EXLS Exlservice Holdings Inc. | Reduce -35.8% | 0.04% | −0.05 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.04 |
| PFE Pfizer Inc. | Reduce -5.4% | 0.07% | −0.03 |
| DIS The Walt Disney Co. | Reduce -5.5% | 0.12% | −0.03 |
| IEFA iShares Core MSCI Eafe ETF | Sold out | 0.00% | −0.03 |
| MINT PIMCO Enhanced Short Maturit | Reduce -1.0% | 0.15% | −0.03 |
| IEMG iShares Core MSCI Emerging | Sold out | 0.00% | −0.03 |
| KO The Coca-Cola Co. | Reduce -3.0% | 0.19% | −0.03 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.03 |
| CBXJ Calamos Bitcoin 90 P ETF Jan | Sold out | 0.00% | −0.03 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.03 |
| DOW Dow Inc. | Sold out | 0.00% | −0.03 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.03 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.03 |
| TTE Totalenergies SE | Sold out | 0.00% | −0.02 |
| POCT Innovator U.S. Equity Power | Reduce -1.7% | 0.17% | −0.02 |
| HELO JPMorgan Hedged Equity ETF | Reduce -2.5% | 0.13% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -3.2% | 0.24% | −0.02 |
| GD General Dynamics Corp. | Reduce -6.1% | 0.08% | −0.02 |
| NVS Novartis AG-Sponsored ADR | Reduce -7.6% | 0.07% | −0.02 |
| TJX TJX Companies Inc. | Reduce -1.2% | 0.06% | −0.02 |
| HONA Honeywell Aerospace Inc. | Reduce -0.1% | 0.07% | −0.01 |
| PSEP Innovator U.S. Equity Power | Reduce -0.8% | 0.10% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -4.6% | 0.21% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -4.0% | 0.06% | −0.01 |
| DISV Dimensional International SM | Reduce -0.5% | 0.07% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -2.0% | 0.05% | −0.01 |
| FDX FedEx Corp. | Reduce -1.9% | 0.03% | −0.01 |
| PJAN Innovator U.S. Equity Power | Reduce -0.0% | 0.10% | −0.01 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -0.2% | 0.18% | −0.01 |
| VCIT Vanguard Int-Term Corporate | Reduce -7.5% | 0.04% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -4.9% | 0.08% | −0.01 |
| SGOV iShares 0-3 Month Treasury B | Reduce -17.5% | 0.02% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -4.8% | 0.03% | −0.01 |
| ADP Automatic Data Processing | Reduce -1.0% | 0.10% | −0.01 |
| TCHP T Rowe Price Blue Chip Growt | Reduce -0.2% | 0.16% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -13.9% | 0.05% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| LLY Eli Lilly & Co. | Add +0.2% | 37.76% | +3.13 |
| HGER Harbor Commodity All Weather | New | 0.23% | +0.23 |
| VSDM Vanguard Short Tax-Ex Bond | New | 0.22% | +0.22 |
| FYC First Trust Small Cap Growth | Add +1.1% | 0.95% | +0.09 |
| AAPL Apple Inc. | Add +9.4% | 2.33% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +8.4% | 0.78% | +0.09 |
| IMCG iShares Morningstar Mid-Cap | Add +1.4% | 1.58% | +0.08 |
| DFAE Dimensional Emerging Core Eq | Add +3.6% | 3.09% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +11.8% | 0.56% | +0.07 |
| CMI Cummins Inc. | Add +6.0% | 0.49% | +0.07 |
| DFAT Dimensional US Target Value | Add +20.7% | 0.61% | +0.07 |
| AFL Aflac Inc. | New | 0.05% | +0.05 |
| MU Micron Technology Inc. | New | 0.05% | +0.05 |
| VNLA Janus Henderson Short Durati | Add +34.6% | 0.41% | +0.04 |
| AVUV Avantis US Small Cap Value | New | 0.04% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.04% | +0.04 |
| VGT Vanguard Info Tech ETF | Add +12.5% | 0.15% | +0.03 |
| XLG Invesco S&P 500 Top 50 ETF | New | 0.03% | +0.03 |
| AVMC Avantis US Mid Cap Eq ETF | New | 0.03% | +0.03 |
| VYM Vanguard High DVD Yield ETF | New | 0.03% | +0.03 |
| AVMV Avantis US Mid Cap Val ETF | New | 0.03% | +0.03 |
| IYW iShares Ustechnology ETF | New | 0.03% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.03% | +0.03 |
| SMH Vaneck Semiconductor ETF | New | 0.03% | +0.03 |
| FORM Formfactor Inc. | New | 0.03% | +0.03 |
| GLW Corning Inc. | New | 0.02% | +0.02 |
| NULG Nuveen ESG LRG-Cap GRW ETF | New | 0.02% | +0.02 |
| WAT Waters Corp. | New | 0.02% | +0.02 |
| CVS CVS Health Corp. | New | 0.02% | +0.02 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +8.8% | 0.28% | +0.02 |
| DFSU Dimensional US Sus CORE1 ETF | New | 0.02% | +0.02 |
| MAR Marriott International Class A | New | 0.02% | +0.02 |
| QBTS D-Wave Quantum Inc. | New | 0.02% | +0.02 |
| PANW Palo Alto Networks Inc. | New | 0.02% | +0.02 |
| WSO Watsco Inc. | New | 0.02% | +0.02 |
| PRU Prudential Financial Inc. | New | 0.02% | +0.02 |
| DEHP Dimensional Emrg MRK Hi Prof | New | 0.02% | +0.02 |
| BUFF Innovator Laddered Allocatio | Add +89.7% | 0.05% | +0.02 |
| IMCB iShares Morningstar Mid-Cap | Add +6.8% | 0.59% | +0.02 |
| PJUL Innovator U.S. Equity Power | Add +22.9% | 0.15% | +0.01 |
| GE General Electric | Add +12.3% | 0.06% | +0.01 |
| PTL Inspire 500 ETF | Add +58.7% | 0.04% | +0.01 |
| QCOM Qualcomm Inc. | Add +0.1% | 0.06% | +0.01 |
| Q Qnity Electronics Inc. | Add +9.8% | 0.04% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +18.8% | 0.09% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +9.5% | 0.06% | +0.01 |
| CGGR Cap Group Growth Equity | Add +2.6% | 1.35% | +0.01 |
| FFBC First Financial Bancorp | Add +6.5% | 0.10% | +0.01 |
| IBHG iShares Ibonds 2027 HY Inc. | Add +30.8% | 0.08% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +13.0% | 0.09% | +0.01 |
Options Activity Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 1,400 | $910Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 307 | $1.0B | LLY, DFAI, VTEB, DFAE, AAPL |
| Q1 2026 | 293 | $870.0M | LLY, DFAI, VTEB, DFAE, AAPL |
| Q4 2025 | 289 | $929.3M | LLY, DFAI, VTEB, DFAE, AAPL |
| Q3 2025 | 285 | $782.8M | LLY, DFAI, VTEB, AAPL, DFAE |
| Q2 2025 | 273 | $732.3M | LLY, DFAI, VTEB, DFAE, MSFT |
| Q1 2025 | 260 | $697.0M | LLY, DFAI, VTEB, AAPL, DFAE |
| Q4 2024 | 266 | $719.4M | LLY, DFAI, VTEB, AAPL, DFAE |
| Q3 2024 | 258 | $708.7M | LLY, DFAI, VTEB, AAPL, DFAE |
| Q2 2024 | 250 | $682.3M | LLY, DFAI, VTEB, AAPL, MSFT |
| Q1 2024 | 252 | $637.4M | LLY, DFAI, VTEB, MSFT, AAPL |