Bedel Financial Consulting, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Bedel Financial Consulting, Inc. reported 293 stock positions worth $870.0 million. Its top holding was Eli Lilly (LLY) at 34.6% of the portfolio, followed by Dimensional International (DFAI, 6.8%) and Vanguard Tax-Exempt Bond ETF (VTEB, 4.0%). Compared with Q4 2025, it opened 16 new positions, sold out of 12, added to 107 and reduced 81. The biggest buy was Dimensional International (DFAI, shares +5%) and the biggest sale Eli Lilly (LLY, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- INDIANAPOLIS, IN
- CIK
- 0001730511
- Portfolio Value
- $870.0M (Q1 2026)
- SEC Filing
- 0001765380-26-000143 ↗ filed May 4, 2026
Holdings Value
Holdings 293 stocks · $870.0M
| LLY Eli Lilly & Co. | 34.63% | 327,576 | $301.3M | Reduce -0.1% |
| DFAI Dimensional International Co. | 6.84% | 1,528,044 | $59.5M | Add +4.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 4.04% | 703,776 | $35.1M | Add +1.7% |
| DFAE Dimensional Emerging Core Eq | 3.01% | 773,996 | $26.2M | Add +4.7% |
| AAPL Apple Inc. | 2.24% | 76,889 | $19.5M | Reduce -1.1% |
| AVDV Avantis Intl S/C Value ETF | 1.98% | 172,112 | $17.2M | Add +7.8% |
| EFG iShares MSCI Eafe Growth ETF | 1.58% | 123,400 | $13.7M | Add +1.0% |
| IMCG iShares Morningstar Mid-Cap | 1.50% | 165,140 | $13.0M | Add +3.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.45% | 19,331 | $12.6M | Add +1.4% |
| MSFT Microsoft Corp. | 1.43% | 33,704 | $12.5M | Add +0.2% |
| CGGR Cap Group Growth Equity | 1.34% | 289,582 | $11.6M | Add +2.8% |
| TOTL SS Doubleline TR Tact ETF | 1.16% | 253,475 | $10.1M | Add +11.1% |
| PAPR Innovator U.S. Equity Power | 1.08% | 235,927 | $9.4M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 1.07% | 31,500 | $9.3M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 18,486 | $8.9M | Reduce -1.0% |
| IVV iShares Core S&P 500 ETF | 0.89% | 11,889 | $7.8M | Add +5.8% |
| IMCV iShares Morningstar Mid-Cap | 0.89% | 91,324 | $7.7M | Add +5.8% |
| FYC First Trust Small Cap Growth | 0.86% | 77,173 | $7.5M | Add +3.7% |
| FLV American Century Focused Lar | 0.78% | 88,099 | $6.8M | Add +6.4% |
| GOOGL Alphabet Inc. Class A | 0.70% | 21,117 | $6.1M | Add +0.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.69% | 75,457 | $6.0M | Reduce -2.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.64% | 17,321 | $5.6M | Add +0.2% |
| ISCF iShares International Small | 0.58% | 121,055 | $5.1M | Add +0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.58% | 7 | $5.0M | No change |
| IMCB iShares Morningstar Mid-Cap | 0.57% | 59,645 | $5.0M | Add +11.0% |
| COWZ Pacer US Cash Cows 100 ETF | 0.56% | 77,825 | $4.9M | Add +0.1% |
| DFAT Dimensional US Target Value | 0.54% | 75,161 | $4.7M | Add +13.0% |
| DFIV Dimensional International Va | 0.53% | 87,418 | $4.6M | Add +0.0% |
| NVDA Nvidia Corp. | 0.51% | 25,258 | $4.4M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.49% | 14,790 | $4.2M | Reduce -0.2% |
| IWR iShares Russell Mid-Cap ETF | 0.48% | 42,895 | $4.2M | Add +6.7% |
| XOM Exxon Mobil Corp. | 0.47% | 23,917 | $4.1M | Reduce -0.3% |
| CMI Cummins Inc. | 0.42% | 6,763 | $3.6M | Reduce -4.9% |
| PFFV Global X Variable Rate Pref | 0.42% | 166,527 | $3.6M | Reduce -11.4% |
| GLD SPDR Gold Shares | 0.41% | 8,319 | $3.6M | Reduce -0.4% |
| VTES Vanguard SH Term Tax-Ex Bond | 0.40% | 34,807 | $3.5M | Reduce -78.9% |
| QUAL iShares MSCI USA Quality Fac | 0.39% | 17,902 | $3.4M | Add +1.4% |
| VOO Vanguard S&P 500 ETF | 0.38% | 5,462 | $3.3M | Add +6.7% |
| JNJ Johnson & Johnson | 0.37% | 13,199 | $3.2M | Reduce -0.7% |
| VNLA Janus Henderson Short Durati | 0.36% | 64,776 | $3.2M | Add +6.7% |
| WMT Walmart Inc. | 0.36% | 25,279 | $3.1M | Reduce -0.3% |
| AMAT Applied Materials Inc. | 0.36% | 9,160 | $3.1M | Reduce -0.8% |
| IWM iShares Russell 2000 ETF | 0.34% | 11,924 | $3.0M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 0.34% | 14,091 | $2.9M | Add +1.5% |
| IJUL Innovator International Deve | 0.32% | 81,624 | $2.8M | Reduce -0.8% |
| QGRO American Century US Quality | 0.30% | 25,184 | $2.6M | Add +1.8% |
| EFA iShares MSCI Eafe ETF | 0.30% | 26,857 | $2.6M | Add +0.8% |
| ABBV Abbvie Inc. | 0.29% | 11,748 | $2.6M | Add +0.2% |
| CSCO Cisco Systems Inc. | 0.26% | 29,555 | $2.3M | Reduce -0.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.26% | 46,847 | $2.3M | Add +19.5% |
| IJH iShares Core S&P Midcap ETF | 0.26% | 33,494 | $2.3M | Add +2.0% |
| ORCL Oracle Corp. | 0.26% | 15,315 | $2.3M | Reduce -0.3% |
| MCD McDonald's Corp. | 0.25% | 7,118 | $2.2M | Reduce -0.2% |
| GSPY Gotham Enhanced 500 ETF | 0.24% | 58,145 | $2.1M | Reduce -1.8% |
| BUFB Innovator Ladd Allo Buff ETF | 0.23% | 56,626 | $2.0M | Add +10.7% |
| FNX First Trust Mid Cap Core Alp | 0.23% | 15,700 | $2.0M | No change |
| ACWX iShares MSCI Acwi Ex US ETF | 0.23% | 29,394 | $2.0M | Add +1.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.23% | 4,483 | $2.0M | Add +0.3% |
| PEP Pepsico Inc. | 0.22% | 12,430 | $1.9M | Reduce -0.5% |
| IWF iShares Russell 1000 Growth | 0.22% | 4,497 | $1.9M | Add +0.7% |
| KO The Coca-Cola Co. | 0.22% | 24,771 | $1.9M | No change |
| CVX Chevron Corp. | 0.21% | 8,812 | $1.8M | Add +0.1% |
| HD Home Depot Inc. | 0.21% | 5,516 | $1.8M | Reduce -0.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.21% | 23,849 | $1.8M | Add +0.1% |
| IBHF iShares Ibond 2026 HY & Inc. | 0.20% | 77,234 | $1.8M | Add +0.3% |
| META Meta Platforms Inc. Class A | 0.20% | 3,014 | $1.7M | Reduce -1.5% |
| POCT Innovator U.S. Equity Power | 0.19% | 39,213 | $1.7M | No change |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.19% | 37,429 | $1.7M | Reduce -2.3% |
| VWO Vanguard Ftse Emerging Marke | 0.19% | 30,356 | $1.6M | Reduce -0.0% |
| MINT PIMCO Enhanced Short Maturit | 0.18% | 15,680 | $1.6M | Add +26.0% |
| PG The Procter & Gamble Co. | 0.18% | 10,602 | $1.5M | Reduce -12.4% |
| ISRG Intuitive Surgical Inc. | 0.17% | 3,245 | $1.5M | No change |
| IWS iShares Russell Mid-Cap Valu | 0.17% | 10,170 | $1.5M | Reduce -1.4% |
| HON Honeywell International Inc. | 0.17% | 6,432 | $1.5M | Reduce -0.5% |
| SPG Simon Property Group Inc. | 0.17% | 7,718 | $1.4M | Reduce -2.0% |
| TCHP T Rowe Price Blue Chip Growt | 0.16% | 32,466 | $1.4M | Add +0.9% |
| UOCT Innovator U.S. Equity Ultra | 0.16% | 36,171 | $1.4M | No change |
| CAT Caterpillar Inc. | 0.16% | 1,941 | $1.4M | Reduce -0.9% |
| LOW Lowe's Cos Inc. | 0.16% | 5,813 | $1.4M | Reduce -0.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.16% | 14,002 | $1.3M | Reduce -0.8% |
| HELO JPMorgan Hedged Equity ETF | 0.15% | 21,099 | $1.3M | Add +12.4% |
| TSLA Tesla Inc. | 0.15% | 3,513 | $1.3M | Reduce -0.4% |
| AXP American Express Co. | 0.15% | 4,245 | $1.3M | Reduce -4.9% |
| VXUS Vanguard Total Intl Stock | 0.15% | 16,375 | $1.3M | Add +0.1% |
| DFAS Dimensional US Small Cap ETF | 0.14% | 17,666 | $1.3M | Add +1.2% |
| RTX RTX Corp. | 0.14% | 6,466 | $1.2M | Add +0.8% |
| PLTR Palantir Technologies Inc. Class A | 0.14% | 8,454 | $1.2M | Reduce -6.5% |
| PJUL Innovator U.S. Equity Power | 0.14% | 26,791 | $1.2M | Reduce -3.1% |
| HBAN Huntington Bancshares Inc. | 0.14% | 77,746 | $1.2M | Add +0.6% |
| IWD iShares Russell 1000 Value E | 0.13% | 5,388 | $1.2M | Add +3.7% |
| AVLV Avantis US Large Cap Value | 0.13% | 14,145 | $1.1M | New |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.13% | 5,713 | $1.1M | Reduce -0.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.13% | 4,263 | $1.1M | Add +0.2% |
| IJS iShares S&P Small-Cap 600 Va | 0.13% | 9,354 | $1.1M | No change |
| COST Costco Wholesale Corp. | 0.12% | 1,059 | $1.1M | Reduce -2.7% |
| INTC Intel Corp. | 0.12% | 23,429 | $1.0M | Reduce -2.3% |
| PSEP Innovator U.S. Equity Power | 0.12% | 23,831 | $1.0M | No change |
| AVGO Broadcom Inc. | 0.12% | 3,288 | $1.0M | Add +0.1% |
| VGT Vanguard Info Tech ETF | 0.12% | 1,454 | $1.0M | Add +0.7% |
| SCHD Schwab US DVD Equity ETF | 0.12% | 32,984 | $1.0M | Reduce -0.3% |
Options reported separately and not counted above: LLY puts ($16.9M), SPY puts ($910K), PLTR puts ($336K).
Portfolio Sells Q4 2025 → Q1 2026
| LLY Eli Lilly & Co. | Reduce -0.1% | 34.63% | −3.30 |
| VTES Vanguard SH Term Tax-Ex Bond | Reduce -78.9% | 0.40% | −1.40 |
| FDN First Trust DJ Internet Ind | Reduce -76.9% | 0.03% | −0.11 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.08 |
| ORCL Oracle Corp. | Reduce -0.3% | 0.26% | −0.06 |
| PWV Invesco Large Cap Value ETF | Sold out | 0.00% | −0.06 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -45.5% | 0.07% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -0.7% | 1.07% | −0.03 |
| PFFV Global X Variable Rate Pref | Reduce -11.4% | 0.42% | −0.03 |
| AAPL Apple Inc. | Reduce -1.1% | 2.24% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -6.5% | 0.14% | −0.03 |
| AXP American Express Co. | Reduce -4.9% | 0.15% | −0.03 |
| QBTS D-Wave Quantum Inc. | Sold out | 0.00% | −0.02 |
| WAT Waters Corp. | Sold out | 0.00% | −0.02 |
| IHI iShares U.S. Medical Devices | Sold out | 0.00% | −0.02 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.02 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.02 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.02 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.02 |
| LNC Lincoln National Corp. | Sold out | 0.00% | −0.02 |
| TSCO Tractor Supply Company | Sold out | 0.00% | −0.02 |
| TSLA Tesla Inc. | Reduce -0.4% | 0.15% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -1.5% | 0.20% | −0.02 |
| DIS The Walt Disney Co. | Reduce -0.8% | 0.16% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -0.7% | 0.09% | −0.01 |
| ELV Elevance Health Inc. | Reduce -2.6% | 0.09% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -0.2% | 0.49% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -0.6% | 0.05% | −0.01 |
| ACN Accenture PLC Class A | Reduce -10.5% | 0.03% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -12.4% | 0.18% | −0.01 |
| COF Capital One Financial Corp. | Reduce -0.8% | 0.04% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -3.0% | 0.08% | −0.01 |
| CRM Salesforce Inc. | Reduce -0.9% | 0.03% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -6.2% | 0.03% | −0.01 |
| AMD Advanced Micro Devices | Reduce -8.9% | 0.07% | −0.01 |
| PMAR Innovator U.S. Equity Power | Reduce -13.5% | 0.04% | −0.00 |
| BSTP Innovator Buff Su Strat ETF | Reduce -13.0% | 0.03% | −0.00 |
| BA The Boeing Co. | Reduce -6.4% | 0.03% | −0.00 |
| IWP iShares Russell Mid-Cap Grow | Reduce -2.7% | 0.11% | −0.00 |
| MS Morgan Stanley | Reduce -3.2% | 0.06% | −0.00 |
| XLF SS Financial Select Sector | Reduce -0.4% | 0.06% | −0.00 |
| BLK BlackRock Inc. | Reduce -1.8% | 0.04% | −0.00 |
| XLY SS Consumer Disc Select Sect | Reduce -5.3% | 0.02% | −0.00 |
| UJUL Innovator U.S. Equity Ultra | Reduce -9.0% | 0.04% | −0.00 |
| SLV iShares Silver Trust | Reduce -16.2% | 0.03% | −0.00 |
| JIG JPMorgan International Growt | Reduce -6.8% | 0.02% | +0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.7% | 0.09% | +0.00 |
| BUFF Innovator Laddered Allocatio | Reduce -0.8% | 0.03% | +0.00 |
| NEE Nextera Energy Inc. | Reduce -17.9% | 0.10% | +0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| DFAI Dimensional International Co. | Add +4.8% | 6.84% | +0.86 |
| DFAE Dimensional Emerging Core Eq | Add +4.7% | 3.01% | +0.42 |
| AVDV Avantis Intl S/C Value ETF | Add +7.8% | 1.98% | +0.36 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +1.7% | 4.04% | +0.29 |
| TOTL SS Doubleline TR Tact ETF | Add +11.1% | 1.16% | +0.17 |
| AVLV Avantis US Large Cap Value | New | 0.13% | +0.13 |
| IMCG iShares Morningstar Mid-Cap | Add +3.6% | 1.50% | +0.13 |
| IMCV iShares Morningstar Mid-Cap | Add +5.8% | 0.89% | +0.13 |
| DFAT Dimensional US Target Value | Add +13.0% | 0.54% | +0.11 |
| FLV American Century Focused Lar | Add +6.4% | 0.78% | +0.10 |
| IMCB iShares Morningstar Mid-Cap | Add +11.0% | 0.57% | +0.09 |
| FYC First Trust Small Cap Growth | Add +3.7% | 0.86% | +0.09 |
| EFG iShares MSCI Eafe Growth ETF | Add +1.0% | 1.58% | +0.08 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +182.3% | 0.12% | +0.08 |
| IBHG iShares Ibonds 2027 HY Inc. | New | 0.08% | +0.08 |
| CVX Chevron Corp. | Add +0.1% | 0.21% | +0.07 |
| IVV iShares Core S&P 500 ETF | Add +5.8% | 0.89% | +0.06 |
| IWR iShares Russell Mid-Cap ETF | Add +6.7% | 0.48% | +0.06 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +19.5% | 0.26% | +0.06 |
| DFIV Dimensional International Va | Add +0.0% | 0.53% | +0.06 |
| COWZ Pacer US Cash Cows 100 ETF | Add +0.1% | 0.56% | +0.06 |
| MINT PIMCO Enhanced Short Maturit | Add +26.0% | 0.18% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.4% | 1.45% | +0.05 |
| VNLA Janus Henderson Short Durati | Add +6.7% | 0.36% | +0.04 |
| ISCF iShares International Small | Add +0.1% | 0.58% | +0.04 |
| DUHP Dimensional US High Profi Et | Add +161.4% | 0.06% | +0.04 |
| BUFB Innovator Ladd Allo Buff ETF | Add +10.7% | 0.23% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.03% | +0.03 |
| Q Qnity Electronics Inc. | New | 0.03% | +0.03 |
| IEMG iShares Core MSCI Emerging | New | 0.03% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +6.7% | 0.38% | +0.03 |
| IRM Iron Mountain Inc. | New | 0.03% | +0.03 |
| DOW Dow Inc. | New | 0.03% | +0.03 |
| MPC Marathon Petroleum Corp. | New | 0.03% | +0.03 |
| IJH iShares Core S&P Midcap ETF | Add +2.0% | 0.26% | +0.03 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.03% | +0.03 |
| GUNR NT Mstar GLBL NR ETF | New | 0.03% | +0.03 |
| DD Dupont DE Nemours Inc. | New | 0.03% | +0.03 |
| GILD Gilead Sciences Inc. | New | 0.03% | +0.03 |
| TGT Target Corp. | New | 0.02% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +0.8% | 0.30% | +0.02 |
| TTE Totalenergies SE | New | 0.02% | +0.02 |
| SUB iShares Short-Term National | New | 0.02% | +0.02 |
| PTL Inspire 500 ETF | New | 0.02% | +0.02 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +1.1% | 0.23% | +0.02 |
| HELO JPMorgan Hedged Equity ETF | Add +12.4% | 0.15% | +0.02 |
| IWN iShares Russell 2000 Value E | Add +6.4% | 0.11% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | Add +1.4% | 0.39% | +0.02 |
| MRK Merck & Co. Inc. | Add +0.1% | 0.10% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.1% | 0.21% | +0.02 |
Options Activity Q4 2025 → Q1 2026
| LLY Eli Lilly & Co. | put | Add +5.8% | 18,400 | $16.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 1,400 | $910K |
| PLTR Palantir Technologies Inc. Class A | put | New | 2,300 | $336K |
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 |