Bell Bank
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 16, 2026), Bell Bank reported 195 stock positions worth $2.6 billion. Its top holding was Vanguard Mrngstr Val ETF-Aui (VTV) at 13.2% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 13.0%) and Vanguard Mrngstar GR ETF-Sui (VUG, 11.8%). Compared with Q1 2026, it opened 21 new positions, sold out of 14, added to 91 and reduced 53. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +92%) and the biggest sale SS Spdrb B 3-12M T-Bill ETF (BILS, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- FARGO, ND
- CIK
- 0001002672
- Portfolio Value
- $2.6B (Q2 2026)
- SEC Filing
- 0001062993-26-003684 ↗ filed Jul 16, 2026
Holdings Value
Holdings 195 stocks · $2.6B
| VTV Vanguard Mrngstr Val ETF-Aui | 13.21% | 1,588,925 | $346.3M | Reduce -2.3% |
| IEFA iShares Core MSCI Eafe ETF | 12.98% | 3,523,642 | $340.3M | Reduce -0.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 11.83% | 3,599,467 | $310.1M | Reduce -1.3% |
| QQQ Invesco QQQ Trust Series 1 | 9.98% | 355,481 | $261.8M | Reduce -1.0% |
| RSP Invesco S&P 500 Equal Weight | 4.91% | 604,669 | $128.7M | Reduce -1.6% |
| VTI VG Morningstar TS MKT ETF-US | 4.77% | 338,086 | $125.1M | Reduce -1.0% |
| VOO Vanguard S&P 500 ETF | 3.93% | 150,103 | $103.1M | Add +1.0% |
| SPYV SS SPDR P S&P 500 Value ETF | 3.93% | 1,694,652 | $103.0M | Reduce -3.4% |
| AGG iShares Core U.S. Aggregate | 2.67% | 706,220 | $69.9M | Add +7.6% |
| JAAA Janus Henderson Aaa Clo ETF | 1.77% | 918,178 | $46.4M | Add +92.2% |
| VMBS Vanguard Mortgage-Backed Sec | 1.73% | 967,430 | $45.3M | Add +7.7% |
| NVDA Nvidia Corp. | 1.43% | 187,692 | $37.6M | Add +0.6% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 1.37% | 362,045 | $36.0M | Reduce -39.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.75% | 26,270 | $19.6M | Add +1.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.69% | 196,187 | $18.0M | Reduce -46.8% |
| MSFT Microsoft Corp. | 0.66% | 46,554 | $17.4M | Add +3.2% |
| STX Seagate Technology Holdings | 0.65% | 17,792 | $17.2M | Reduce -50.1% |
| CSCO Cisco Systems Inc. | 0.65% | 144,156 | $16.9M | Reduce -0.8% |
| AAPL Apple Inc. | 0.63% | 57,147 | $16.5M | Add +3.7% |
| HPE Hewlett Packard Enterprise | 0.63% | 364,654 | $16.4M | Add +5.4% |
| AMZN Amazon.com Inc. | 0.61% | 67,017 | $16.0M | Add +2.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.57% | 52,824 | $14.9M | Add +5.1% |
| RIO Rio Tinto PLC-Spon ADR | 0.56% | 153,586 | $14.6M | Add +2.6% |
| GOOGL Alphabet Inc. Class A | 0.56% | 40,741 | $14.6M | Add +0.6% |
| CVX Chevron Corp. | 0.53% | 84,267 | $14.0M | Add +2.2% |
| ABBV Abbvie Inc. | 0.52% | 53,948 | $13.6M | Add +0.6% |
| SO The Southern Co. | 0.51% | 140,136 | $13.4M | Add +6.9% |
| XOM Exxon Mobil Corp. | 0.50% | 95,667 | $13.1M | Add +1.0% |
| ADM Archer-Daniels-Midland Co. | 0.49% | 168,360 | $12.9M | Add +3.1% |
| GOOG Alphabet Inc. Class C | 0.47% | 35,005 | $12.4M | Add +4.9% |
| TRP TC Energy Corp. | 0.47% | 185,055 | $12.3M | Add +2.3% |
| META Meta Platforms Inc. Class A | 0.47% | 21,773 | $12.3M | Add +2.2% |
| AMGN Amgen Inc. | 0.47% | 33,672 | $12.2M | Add +4.3% |
| UPS United Parcel Service Class B | 0.46% | 112,911 | $12.1M | Add +2.5% |
| PFE Pfizer Inc. | 0.44% | 484,403 | $11.7M | Add +2.4% |
| KMB Kimberly-Clark Corp. | 0.43% | 101,680 | $11.2M | Reduce -3.4% |
| PRU Prudential Financial Inc. | 0.42% | 102,073 | $11.0M | Add +5.5% |
| PG The Procter & Gamble Co. | 0.41% | 72,718 | $10.7M | Add +149.4% |
| DUK Duke Energy Corp. | 0.40% | 82,648 | $10.5M | Add +3.7% |
| VZ Verizon Communications Inc. | 0.38% | 237,489 | $10.1M | Reduce -3.6% |
| GILD Gilead Sciences Inc. | 0.38% | 78,616 | $9.9M | Add +2.6% |
| ARCC Ares Capital Corp. | 0.36% | 515,804 | $9.6M | Reduce -0.3% |
| GSK GSK PLC-Spon ADR | 0.36% | 181,234 | $9.5M | Reduce -0.6% |
| PEP Pepsico Inc. | 0.35% | 68,139 | $9.2M | Add +4.2% |
| SWK Stanley Black & Decker Inc. | 0.34% | 95,411 | $9.0M | New |
| KHC The Kraft Heinz Co. | 0.34% | 375,236 | $8.9M | Add +11.0% |
| HPQ HP Inc. | 0.33% | 397,887 | $8.7M | New |
| KMI Kinder Morgan Inc. | 0.32% | 264,295 | $8.4M | Add +1.6% |
| AVGO Broadcom Inc. | 0.32% | 21,939 | $8.3M | Add +3.2% |
| SWKS Skyworks Solutions Inc. | 0.31% | 119,695 | $8.1M | Add +17.7% |
| IP International Paper Co. | 0.29% | 196,995 | $7.5M | Add +1801.5% |
| JPM JPMorgan Chase & Co. | 0.28% | 22,218 | $7.3M | Add +7.3% |
| BX Blackstone Inc. | 0.26% | 58,513 | $6.9M | Add +10.7% |
| T AT&T Inc. | 0.26% | 327,514 | $6.8M | Add +0.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.26% | 14,031 | $6.7M | Add +3.5% |
| CCI Crown Castle Inc. | 0.24% | 84,123 | $6.4M | Add +13.9% |
| AMD Advanced Micro Devices | 0.24% | 10,733 | $6.2M | Add +1.8% |
| CLX Clorox Company | 0.23% | 63,038 | $6.0M | New |
| V Visa Inc. Class A | 0.23% | 17,513 | $6.0M | Add +1.2% |
| GIS General Mills Inc. | 0.22% | 168,302 | $5.9M | Add +19.2% |
| CAG Conagra Brands Inc. | 0.22% | 426,173 | $5.7M | Add +24.4% |
| AAA Alternative Acc First Prior | 0.19% | 200,000 | $5.0M | New |
| TSLA Tesla Inc. | 0.18% | 11,212 | $4.7M | Add +0.7% |
| VSDB Vanguard Short Dur Bond ETF | 0.16% | 55,494 | $4.2M | New |
| MU Micron Technology Inc. | 0.16% | 3,630 | $4.2M | Add +1.4% |
| MCD McDonald's Corp. | 0.13% | 12,388 | $3.3M | Add +5.4% |
| ORCL Oracle Corp. | 0.13% | 22,658 | $3.3M | Add +9.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.12% | 63,641 | $3.2M | Add +5.7% |
| MA Mastercard Inc. Class A | 0.11% | 5,487 | $2.8M | Add +1.1% |
| SPHQ Invesco S&P 500 Quality ETF | 0.10% | 30,216 | $2.7M | No change |
| LLY Eli Lilly & Co. | 0.10% | 2,255 | $2.7M | Reduce -1.1% |
| AMAT Applied Materials Inc. | 0.10% | 3,654 | $2.6M | Add +0.3% |
| SCHD Schwab US DVD Equity ETF | 0.10% | 81,811 | $2.6M | Add +20.5% |
| UBER Uber Technologies Inc. | 0.10% | 35,594 | $2.6M | Add +11.2% |
| VEA Vanguard Ftse Developed ETF | 0.10% | 35,846 | $2.6M | Reduce 0.0% |
| WMT Walmart Inc. | 0.10% | 22,265 | $2.5M | Add +4.0% |
| JEPI JPMorgan Equity Premium Inco | 0.09% | 43,557 | $2.5M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.09% | 2,566 | $2.4M | Add +1.9% |
| KO The Coca-Cola Co. | 0.09% | 29,351 | $2.4M | Reduce -0.3% |
| HD Home Depot Inc. | 0.09% | 6,482 | $2.3M | Add +3.9% |
| LOW Lowe's Cos Inc. | 0.08% | 9,597 | $2.1M | Add +2.1% |
| CAT Caterpillar Inc. | 0.08% | 1,865 | $2.0M | Add +0.6% |
| DFUS Dimensional US Eq MKT ETF | 0.07% | 23,749 | $1.9M | Reduce -0.3% |
| INTC Intel Corp. | 0.07% | 13,470 | $1.9M | Add +0.7% |
| IVV iShares Core S&P 500 ETF | 0.07% | 2,418 | $1.8M | Add +321.3% |
| CMG Chipotle Mexican Grill Inc. | 0.06% | 46,675 | $1.6M | Add +1.8% |
| NFLX Netflix Inc. | 0.06% | 22,023 | $1.6M | Add +1.4% |
| ANET Arista Networks Inc. | 0.06% | 8,899 | $1.5M | Add +0.7% |
| ADI Analog Devices Inc. | 0.06% | 3,784 | $1.5M | Reduce -4.2% |
| VYM Vanguard High DVD Yield ETF | 0.06% | 9,365 | $1.5M | Reduce -6.0% |
| ESGV Vanguard ESG US Stock ETF | 0.06% | 11,171 | $1.5M | Reduce -0.6% |
| IRT Independence Realty Trust Inc. | 0.06% | 88,006 | $1.5M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.05% | 2,669 | $1.3M | Reduce -42.4% |
| JNJ Johnson & Johnson | 0.05% | 5,046 | $1.3M | Reduce -3.3% |
| AXP American Express Co. | 0.05% | 3,648 | $1.2M | Add +1.7% |
| VGT Vanguard Info Tech ETF | 0.05% | 10,248 | $1.2M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.05% | 1,578 | $1.2M | Add +7.1% |
| FDL First Trust Morn DVD Lead Inc. | 0.05% | 24,302 | $1.2M | Add +74.0% |
| MMM 3M Co. | 0.04% | 7,256 | $1.2M | Reduce -1.0% |
| BAC Bank of America Corp. | 0.04% | 20,496 | $1.2M | Reduce -0.1% |
Portfolio Sells Q1 2026 → Q2 2026
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -39.5% | 1.37% | −1.15 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -46.8% | 0.69% | −0.75 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.8% | 12.98% | −0.65 |
| LYB Lyondellbasell Indu Class A | Reduce -94.8% | 0.01% | −0.39 |
| DOW Dow Inc. | Sold out | 0.00% | −0.38 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -2.3% | 13.21% | −0.32 |
| VTRS Viatris Inc. | Sold out | 0.00% | −0.31 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -3.4% | 3.93% | −0.28 |
| BXSL Blackstone Secured Lending F | Sold out | 0.00% | −0.23 |
| VZ Verizon Communications Inc. | Reduce -3.6% | 0.38% | −0.14 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.6% | 4.91% | −0.09 |
| GSK GSK PLC-Spon ADR | Reduce -0.6% | 0.36% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -42.4% | 0.05% | −0.04 |
| ARCC Ares Capital Corp. | Reduce -0.3% | 0.36% | −0.03 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.02 |
| CRM Salesforce Inc. | Reduce -49.1% | 0.01% | −0.02 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.02 |
| VGSH Vanguard Short-Term Treasury | Reduce -34.8% | 0.02% | −0.01 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.01 |
| ROL Rollins Inc. | Sold out | 0.00% | −0.01 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.01 |
| TWO RDS SHARED TR | Sold out | 0.00% | −0.01 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.01 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.01 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.01 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.01 |
| GLD SPDR Gold Shares | Reduce -4.5% | 0.02% | −0.01 |
| DHR Danaher Corp. | Reduce -39.9% | 0.01% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -1.1% | 0.04% | −0.01 |
| VYM Vanguard High DVD Yield ETF | Reduce -6.0% | 0.06% | −0.01 |
| JNJ Johnson & Johnson | Reduce -3.3% | 0.05% | −0.01 |
| SBUX Starbucks Corp. | Reduce -38.0% | 0.01% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -3.4% | 0.43% | −0.00 |
| FAST Fastenal Co. | Reduce -2.3% | 0.04% | −0.00 |
| KO The Coca-Cola Co. | Reduce -0.3% | 0.09% | −0.00 |
| BLK BlackRock Inc. | Reduce -5.4% | 0.02% | −0.00 |
| CB Chubb Ltd. | Reduce -7.9% | 0.02% | −0.00 |
| ABT Abbott Laboratories | Reduce -5.6% | 0.01% | −0.00 |
| FDX FedEx Corp. | Reduce -0.8% | 0.01% | −0.00 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -6.4% | 0.03% | −0.00 |
| XEL Xcel Energy Inc. | Reduce -1.6% | 0.01% | −0.00 |
| UNP Union Pacific Corp. | Reduce -7.7% | 0.02% | −0.00 |
| ESGD iShares Trust iShares ESG Aw | Reduce -1.9% | 0.02% | −0.00 |
| DGRO iShares Core Dividend Growth | Reduce -1.1% | 0.02% | −0.00 |
| MMM 3M Co. | Reduce -1.0% | 0.04% | −0.00 |
| USB US Bancorp | Reduce -6.0% | 0.02% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -4.3% | 0.02% | −0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -2.1% | 0.02% | 0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce 0.0% | 0.10% | 0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| JAAA Janus Henderson Aaa Clo ETF | Add +92.2% | 1.77% | +0.75 |
| SWK Stanley Black & Decker Inc. | New | 0.34% | +0.34 |
| HPQ HP Inc. | New | 0.33% | +0.33 |
| HPE Hewlett Packard Enterprise | Add +5.4% | 0.63% | +0.28 |
| IP International Paper Co. | Add +1801.5% | 0.29% | +0.27 |
| CLX Clorox Company | New | 0.23% | +0.23 |
| PG The Procter & Gamble Co. | Add +149.4% | 0.41% | +0.23 |
| AAA Alternative Acc First Prior | New | 0.19% | +0.19 |
| VOO Vanguard S&P 500 ETF | Add +1.0% | 3.93% | +0.17 |
| VSDB Vanguard Short Dur Bond ETF | New | 0.16% | +0.16 |
| AMD Advanced Micro Devices | Add +1.8% | 0.24% | +0.15 |
| MU Micron Technology Inc. | Add +1.4% | 0.16% | +0.11 |
| SWKS Skyworks Solutions Inc. | Add +17.7% | 0.31% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +4.9% | 0.47% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +0.6% | 0.56% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +3.5% | 0.26% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +321.3% | 0.07% | +0.05 |
| NVDA Nvidia Corp. | Add +0.6% | 1.43% | +0.05 |
| IBM Intl Business Machines Corp. | Add +5.1% | 0.57% | +0.05 |
| AMAT Applied Materials Inc. | Add +0.3% | 0.10% | +0.05 |
| INTC Intel Corp. | Add +0.7% | 0.07% | +0.05 |
| AAPL Apple Inc. | Add +3.7% | 0.63% | +0.04 |
| AVGO Broadcom Inc. | Add +3.2% | 0.32% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.4% | 0.75% | +0.03 |
| AMZN Amazon.com Inc. | Add +2.5% | 0.61% | +0.03 |
| ABBV Abbvie Inc. | Add +0.6% | 0.52% | +0.02 |
| GE General Electric | New | 0.02% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +7.1% | 0.05% | +0.02 |
| CAT Caterpillar Inc. | Add +0.6% | 0.08% | +0.02 |
| PRU Prudential Financial Inc. | Add +5.5% | 0.42% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +7.3% | 0.28% | +0.02 |
| GEV GE Vernova Inc. | New | 0.02% | +0.02 |
| LRCX Lam Research Corp. | New | 0.02% | +0.02 |
| KHC The Kraft Heinz Co. | Add +11.0% | 0.34% | +0.02 |
| FDL First Trust Morn DVD Lead Inc. | Add +74.0% | 0.05% | +0.01 |
| SNDK Sandisk Corp. | New | 0.01% | +0.01 |
| MUB iShares National Muni Bond E | New | 0.01% | +0.01 |
| WDC Western Digital Corp. | New | 0.01% | +0.01 |
| PANW Palo Alto Networks Inc. | New | 0.01% | +0.01 |
| INV Innventure Inc. | New | 0.01% | +0.01 |
| ANET Arista Networks Inc. | Add +0.7% | 0.06% | +0.01 |
| SCHD Schwab US DVD Equity ETF | Add +20.5% | 0.10% | +0.01 |
| FTMN FR Minnesota Muni Inc. ETF | New | 0.01% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +3.9% | 0.03% | +0.01 |
| AME Ametek Inc. | New | 0.01% | +0.01 |
| GLW Corning Inc. | New | 0.01% | +0.01 |
| ROK Rockwell Automation Inc. | New | 0.01% | +0.01 |
| VHT Vanguard Health Care ETF | New | 0.01% | +0.01 |
| VMC Vulcan Materials Co. | New | 0.01% | +0.01 |
| WST West Pharmaceutical Services | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 195 | $2.6B | VTV, IEFA, VUG, QQQ, RSP |
| Q1 2026 | 188 | $2.4B | IEFA, VTV, VUG, QQQ, RSP |
| Q4 2025 | 194 | $2.3B | IEFA, VTV, VUG, QQQ, RSP |
| Q3 2025 | 198 | $2.3B | IEFA, VUG, VTV, QQQ, VTI |
| Q2 2025 | 198 | $2.1B | IEFA, VUG, VTV, QQQ, VTI |
| Q1 2025 | 186 | $1.9B | IEFA, VTV, VUG, QQQ, VOO |
| Q4 2024 | 190 | $1.3B | IEFA, QQQ, VYM, VOO, SPYV |
| Q3 2024 | 177 | $845.2M | IEFA, QQQ, AGG, VOO, BILS |
| Q2 2024 | 188 | $1.2B | IEFA, QQQ, VYM, VOO, BIL |
| Q1 2024 | 184 | $1.2B | IEFA, QQQ, VYM, VOO, BIL |