Bell Bank
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 6, 2024), Bell Bank reported 177 stock positions worth $845.2 million. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 11.4% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 10.3%) and iShares Core U.S. Aggregate (AGG, 5.3%). Compared with Q2 2024, it opened 9 new positions, sold out of 20, added to 47 and reduced 85. The biggest buy was SS Spdrb B 3-12M T-Bill ETF (BILS, shares +2692%) and the biggest sale iShares Core MSCI Eafe ETF (IEFA, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- FARGO, ND
- CIK
- 0001002672
- Portfolio Value
- $845.2M (Q3 2024)
- SEC Filing
- 0001062993-24-018364 ↗ filed Nov 6, 2024
Holdings Value
Holdings 177 stocks · $845.2M
| IEFA iShares Core MSCI Eafe ETF | 11.39% | 1,232,944 | $96.2M | Reduce -62.4% |
| QQQ Invesco QQQ Trust Series 1 | 10.35% | 179,162 | $87.4M | Reduce -57.0% |
| AGG iShares Core U.S. Aggregate | 5.35% | 446,104 | $45.2M | Reduce -6.9% |
| VOO Vanguard S&P 500 ETF | 5.25% | 84,123 | $44.4M | Reduce -46.8% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 4.37% | 371,279 | $37.0M | Add +2691.6% |
| VYM Vanguard High DVD Yield ETF | 3.93% | 258,946 | $33.2M | Reduce -62.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.05% | 280,803 | $25.8M | Reduce -58.8% |
| NVDA Nvidia Corp. | 2.99% | 208,265 | $25.3M | Reduce -4.3% |
| AAPL Apple Inc. | 2.04% | 73,994 | $17.2M | Add +15.7% |
| MSFT Microsoft Corp. | 1.75% | 34,284 | $14.8M | Add +1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.70% | 25,027 | $14.4M | Add +4.0% |
| ABBV Abbvie Inc. | 1.56% | 66,817 | $13.2M | Reduce -6.6% |
| AMZN Amazon.com Inc. | 1.36% | 61,719 | $11.5M | Add +12.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.23% | 47,183 | $10.4M | Reduce -16.8% |
| META Meta Platforms Inc. Class A | 1.18% | 17,430 | $10.0M | Add +42.3% |
| SO The Southern Co. | 1.16% | 108,699 | $9.8M | Reduce -14.5% |
| CSCO Cisco Systems Inc. | 1.16% | 183,507 | $9.8M | Reduce -12.8% |
| GILD Gilead Sciences Inc. | 1.12% | 112,641 | $9.4M | Reduce -15.0% |
| XOM Exxon Mobil Corp. | 1.06% | 76,588 | $9.0M | Reduce -10.8% |
| ARCC Ares Capital Corp. | 1.06% | 427,727 | $9.0M | Reduce -11.8% |
| RIO Rio Tinto PLC-Spon ADR | 1.01% | 120,063 | $8.5M | Reduce -14.3% |
| DUK Duke Energy Corp. | 1.01% | 74,087 | $8.5M | Reduce -15.3% |
| IP International Paper Co. | 1.00% | 173,262 | $8.5M | Reduce -13.4% |
| AMGN Amgen Inc. | 1.00% | 26,256 | $8.5M | Reduce -14.8% |
| PFE Pfizer Inc. | 0.96% | 279,031 | $8.1M | Reduce -14.7% |
| UPS United Parcel Service Class B | 0.95% | 59,094 | $8.1M | Add +5.5% |
| PRU Prudential Financial Inc. | 0.93% | 65,122 | $7.9M | Reduce -14.1% |
| ADM Archer-Daniels-Midland Co. | 0.90% | 127,942 | $7.6M | Add +67.5% |
| LYB Lyondellbasell Indu Class A | 0.89% | 78,773 | $7.6M | Reduce -12.2% |
| HBAN Huntington Bancshares Inc. | 0.88% | 503,307 | $7.4M | Reduce -14.6% |
| TRP TC Energy Corp. | 0.87% | 153,772 | $7.3M | Reduce -15.9% |
| STX Seagate Technology Holdings | 0.86% | 66,644 | $7.3M | Reduce -13.6% |
| DOW Dow Inc. | 0.84% | 130,446 | $7.1M | Reduce -12.6% |
| VZ Verizon Communications Inc. | 0.83% | 156,731 | $7.0M | Reduce -14.3% |
| KHC The Kraft Heinz Co. | 0.82% | 198,274 | $7.0M | Reduce -15.3% |
| T AT&T Inc. | 0.82% | 315,002 | $6.9M | Reduce -27.5% |
| CVX Chevron Corp. | 0.79% | 45,190 | $6.7M | Reduce -11.3% |
| GOOGL Alphabet Inc. Class A | 0.77% | 38,989 | $6.5M | Add +17.5% |
| GSK GSK PLC-Spon ADR | 0.73% | 150,911 | $6.2M | Reduce -14.1% |
| UL Unilever PLC | 0.73% | 94,353 | $6.1M | Reduce -16.0% |
| INTC Intel Corp. | 0.66% | 238,613 | $5.6M | Reduce -9.2% |
| KMB Kimberly-Clark Corp. | 0.64% | 38,055 | $5.4M | Reduce -13.0% |
| GOOG Alphabet Inc. Class C | 0.64% | 32,185 | $5.4M | Add +21.9% |
| CAG Conagra Brands Inc. | 0.62% | 160,705 | $5.2M | Reduce -13.7% |
| AGNC AGNC Investment Corp. | 0.60% | 485,784 | $5.1M | Reduce -16.5% |
| VTRS Viatris Inc. | 0.58% | 423,689 | $4.9M | Reduce -12.7% |
| EXR Extra Space Storage Inc. | 0.52% | 24,375 | $4.4M | No change |
| UNH Unitedhealth Group Inc. | 0.50% | 7,182 | $4.2M | Reduce -0.2% |
| V Visa Inc. Class A | 0.46% | 14,234 | $3.9M | Add +7.9% |
| JPM JPMorgan Chase & Co. | 0.45% | 18,032 | $3.8M | Reduce -9.7% |
| MCD McDonald's Corp. | 0.44% | 12,328 | $3.8M | Add +0.2% |
| TSLA Tesla Inc. | 0.42% | 13,433 | $3.5M | Add +8.5% |
| HPE Hewlett Packard Enterprise | 0.40% | 165,130 | $3.4M | New |
| MA Mastercard Inc. Class A | 0.33% | 5,696 | $2.8M | Add +24.4% |
| PSA Public Storage | 0.32% | 7,408 | $2.7M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 8,926 | $2.5M | Add +0.7% |
| CRM Salesforce Inc. | 0.28% | 8,661 | $2.4M | Add +2.0% |
| AFL Aflac Inc. | 0.26% | 20,028 | $2.2M | Reduce 0.0% |
| AVGO Broadcom Inc. | 0.26% | 12,634 | $2.2M | Add +16.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 4,586 | $2.1M | Reduce -0.0% |
| NLY Annaly Capital Management Inc. | 0.25% | 104,317 | $2.1M | Reduce -17.1% |
| COST Costco Wholesale Corp. | 0.24% | 2,332 | $2.1M | Add +0.9% |
| WM Waste Management Inc. | 0.23% | 9,562 | $2.0M | No change |
| HEI Heico Corp. | 0.23% | 7,398 | $1.9M | Reduce -8.6% |
| VEA Vanguard Ftse Developed ETF | 0.22% | 35,236 | $1.9M | Add +5.6% |
| KO The Coca-Cola Co. | 0.21% | 25,205 | $1.8M | Reduce -13.3% |
| IRT Independence Realty Trust Inc. | 0.21% | 88,006 | $1.8M | No change |
| HD Home Depot Inc. | 0.21% | 4,352 | $1.8M | Add +1.8% |
| PG The Procter & Gamble Co. | 0.20% | 9,888 | $1.7M | Reduce -0.5% |
| SPHQ Invesco S&P 500 Quality ETF | 0.20% | 24,688 | $1.7M | Add +9.9% |
| ADI Analog Devices Inc. | 0.19% | 6,995 | $1.6M | Reduce -1.1% |
| BMY Bristol-Myers Squibb Co. | 0.18% | 29,120 | $1.5M | Add +0.9% |
| TYL Tyler Technologies Inc. | 0.17% | 2,501 | $1.5M | Reduce -12.6% |
| DHR Danaher Corp. | 0.17% | 5,173 | $1.4M | Reduce -3.5% |
| AMD Advanced Micro Devices | 0.17% | 8,671 | $1.4M | Add +132.8% |
| SBUX Starbucks Corp. | 0.17% | 14,418 | $1.4M | Reduce -6.5% |
| NOW ServiceNow Inc. | 0.17% | 1,561 | $1.4M | Reduce -6.5% |
| CSGP Costar Group Inc. | 0.16% | 18,232 | $1.4M | Add +1.3% |
| ESGV Vanguard ESG US Stock ETF | 0.16% | 13,438 | $1.4M | Reduce -2.8% |
| FAST Fastenal Co. | 0.16% | 18,846 | $1.3M | Reduce -2.4% |
| LOW Lowe's Cos Inc. | 0.16% | 4,921 | $1.3M | Add +1.2% |
| LLY Eli Lilly & Co. | 0.16% | 1,492 | $1.3M | Add +1.6% |
| NFLX Netflix Inc. | 0.15% | 1,831 | $1.3M | Reduce -0.1% |
| SPGI S&P Global Inc. | 0.15% | 2,376 | $1.2M | Reduce -9.2% |
| ROL Rollins Inc. | 0.14% | 23,622 | $1.2M | Reduce -2.8% |
| WST West Pharmaceutical Services | 0.14% | 3,955 | $1.2M | Add +4.7% |
| MRK Merck & Co. Inc. | 0.14% | 10,173 | $1.2M | Add +4.2% |
| VEEV Veeva Systems Inc. Class A | 0.14% | 5,450 | $1.1M | Reduce -3.3% |
| TMO Thermo Fisher Scientific Inc. | 0.13% | 1,726 | $1.1M | Reduce -11.8% |
| GLOB Globant SA | 0.12% | 5,314 | $1.1M | Reduce -16.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.12% | 19,954 | $1.0M | No change |
| XLF SS Financial Select Sector | 0.12% | 22,347 | $1.0M | Reduce -8.8% |
| DE Deere & Co. | 0.12% | 2,346 | $979K | Add +2.1% |
| JPST JPMorgan Ultra-Short Income | 0.12% | 19,259 | $977K | No change |
| ALL Allstate Corp. | 0.11% | 5,065 | $961K | Reduce -0.0% |
| MMM 3M Co. | 0.11% | 6,723 | $919K | Reduce -0.1% |
| AXP American Express Co. | 0.11% | 3,338 | $905K | Add +0.3% |
| IWO iShares Russell 2000 Growth | 0.10% | 3,109 | $883K | No change |
| MDY State Street SPDR S&P Midcap | 0.10% | 1,485 | $846K | No change |
| AMAT Applied Materials Inc. | 0.10% | 4,179 | $844K | Add +3.1% |
Portfolio Sells Q2 2024 → Q3 2024
| IEFA iShares Core MSCI Eafe ETF | Reduce -62.4% | 11.39% | −8.64 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -57.0% | 10.35% | −6.44 |
| VYM Vanguard High DVD Yield ETF | Reduce -62.6% | 3.93% | −2.98 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -58.8% | 3.05% | −2.21 |
| VOO Vanguard S&P 500 ETF | Reduce -46.8% | 5.25% | −1.40 |
| PM Philip Morris International | Sold out | 0.00% | −0.48 |
| MEDP Medpace Holdings Inc. | Sold out | 0.00% | −0.09 |
| RBA RB Global Inc. | Sold out | 0.00% | −0.07 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.07 |
| LOPE Grand Canyon Education Inc. | Sold out | 0.00% | −0.07 |
| ENSG The Ensign Group Inc. | Sold out | 0.00% | −0.05 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.05 |
| VRSK Verisk Analytics Inc. | Reduce -73.2% | 0.03% | −0.05 |
| FND Floor & Decor Holdings Inc. Class A | Sold out | 0.00% | −0.05 |
| GWRE Guidewire Software Inc. | Sold out | 0.00% | −0.04 |
| FIVE Five Below | Sold out | 0.00% | −0.04 |
| WK Workiva Inc. | Sold out | 0.00% | −0.04 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.04 |
| KNSL Kinsale Capital Group Inc. | Sold out | 0.00% | −0.04 |
| BL Blackline Inc. | Sold out | 0.00% | −0.03 |
| PRVA Privia Health Group Inc. | Sold out | 0.00% | −0.03 |
| MSI Motorola Solutions Inc. | Reduce -69.8% | 0.03% | −0.03 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.03 |
| INTC Intel Corp. | Reduce -9.2% | 0.66% | −0.02 |
| CRL Charles River Laboratories | Sold out | 0.00% | −0.02 |
| PCTY Paylocity Holding Corp. | Sold out | 0.00% | −0.02 |
| BA The Boeing Co. | Sold out | 0.00% | −0.02 |
| GTM Zoominfo Technologies Inc. | Sold out | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -26.7% | 0.08% | −0.01 |
| OTTR Otter Tail Corp. | Reduce -19.7% | 0.04% | +0.00 |
| PSX Phillips 66 | Reduce -12.9% | 0.04% | +0.00 |
| FDX FedEx Corp. | Reduce -1.0% | 0.02% | +0.01 |
| XLK SS Technology Select Sector | Reduce -4.2% | 0.03% | +0.01 |
| CTVA Corteva Inc. | Reduce -0.1% | 0.03% | +0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -1.1% | 0.05% | +0.02 |
| DD Dupont DE Nemours Inc. | Reduce -0.1% | 0.05% | +0.02 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -4.5% | 0.06% | +0.02 |
| NSC Norfolk Southern Corp. | Reduce -0.1% | 0.04% | +0.02 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -3.3% | 0.06% | +0.02 |
| NXPI NXP Semiconductors NV | Reduce -0.0% | 0.10% | +0.02 |
| MS Morgan Stanley | Reduce -0.0% | 0.06% | +0.02 |
| ESGD iShares Trust iShares ESG Aw | Reduce -1.0% | 0.06% | +0.02 |
| IWF iShares Russell 1000 Growth | Reduce -5.1% | 0.08% | +0.02 |
| SUSA iShares ESG Optimized MSCI U | Reduce -6.1% | 0.08% | +0.02 |
| CB Chubb Ltd. | Reduce -0.2% | 0.07% | +0.03 |
| ANSS Ansys Inc. | Reduce -1.8% | 0.10% | +0.03 |
| TTD Trade Desk Inc./the Class A | Reduce -8.1% | 0.09% | +0.03 |
| FICO Fair Isaac Corp. | Reduce -9.4% | 0.07% | +0.03 |
| ACN Accenture PLC Class A | Reduce -1.9% | 0.08% | +0.03 |
| XEL Xcel Energy Inc. | Reduce -12.0% | 0.09% | +0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| BILS SS Spdrb B 3-12M T-Bill ETF | Add +2691.6% | 4.37% | +4.26 |
| AAPL Apple Inc. | Add +15.7% | 2.04% | +0.91 |
| META Meta Platforms Inc. Class A | Add +42.3% | 1.18% | +0.66 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.0% | 1.70% | +0.60 |
| ADM Archer-Daniels-Midland Co. | Add +67.5% | 0.90% | +0.52 |
| MSFT Microsoft Corp. | Add +1.2% | 1.75% | +0.47 |
| AMZN Amazon.com Inc. | Add +12.8% | 1.36% | +0.47 |
| HPE Hewlett Packard Enterprise | New | 0.40% | +0.40 |
| UPS United Parcel Service Class B | Add +5.5% | 0.95% | +0.31 |
| GOOGL Alphabet Inc. Class A | Add +17.5% | 0.77% | +0.26 |
| GOOG Alphabet Inc. Class C | Add +21.9% | 0.64% | +0.23 |
| TSLA Tesla Inc. | Add +8.5% | 0.42% | +0.21 |
| MCD McDonald's Corp. | Add +0.2% | 0.44% | +0.18 |
| V Visa Inc. Class A | Add +7.9% | 0.46% | +0.17 |
| MA Mastercard Inc. Class A | Add +24.4% | 0.33% | +0.16 |
| AMD Advanced Micro Devices | Add +132.8% | 0.17% | +0.12 |
| AVGO Broadcom Inc. | Add +16.0% | 0.26% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.7% | 0.30% | +0.10 |
| CRM Salesforce Inc. | Add +2.0% | 0.28% | +0.10 |
| HD Home Depot Inc. | Add +1.8% | 0.21% | +0.08 |
| VEA Vanguard Ftse Developed ETF | Add +5.6% | 0.22% | +0.08 |
| COST Costco Wholesale Corp. | Add +0.9% | 0.24% | +0.08 |
| BMY Bristol-Myers Squibb Co. | Add +0.9% | 0.18% | +0.08 |
| SPHQ Invesco S&P 500 Quality ETF | Add +9.9% | 0.20% | +0.08 |
| LOW Lowe's Cos Inc. | Add +1.2% | 0.16% | +0.07 |
| CSGP Costar Group Inc. | Add +1.3% | 0.16% | +0.05 |
| LLY Eli Lilly & Co. | Add +1.6% | 0.16% | +0.04 |
| DE Deere & Co. | Add +2.1% | 0.12% | +0.04 |
| AXP American Express Co. | Add +0.3% | 0.11% | +0.04 |
| NEE Nextera Energy Inc. | Add +2.0% | 0.10% | +0.04 |
| FTNT Fortinet Inc. | Add +3.1% | 0.08% | +0.04 |
| WST West Pharmaceutical Services | Add +4.7% | 0.14% | +0.04 |
| MRK Merck & Co. Inc. | Add +4.2% | 0.14% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | New | 0.03% | +0.03 |
| LMT Lockheed Martin Corp. | Add +1.0% | 0.08% | +0.03 |
| WMT Walmart Inc. | Add +0.5% | 0.08% | +0.03 |
| SMCI Super Micro Computer Inc. | New | 0.03% | +0.03 |
| ADP Automatic Data Processing | New | 0.03% | +0.03 |
| USB US Bancorp | New | 0.03% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +6.5% | 0.07% | +0.02 |
| SCHD Schwab US DVD Equity ETF | New | 0.02% | +0.02 |
| URI United Rentals Inc. | New | 0.02% | +0.02 |
| VHT Vanguard Health Care ETF | New | 0.02% | +0.02 |
| BAC Bank of America Corp. | Add +0.0% | 0.08% | +0.02 |
| DSL Doubleline Income Solutions | New | 0.02% | +0.02 |
| PEP Pepsico Inc. | Add +2.5% | 0.06% | +0.02 |
| AMAT Applied Materials Inc. | Add +3.1% | 0.10% | +0.02 |
| ADBE Adobe Inc. | Add +2.1% | 0.07% | +0.02 |
| HON Honeywell International Inc. | Add +0.4% | 0.06% | +0.02 |
| UNP Union Pacific Corp. | Add +0.3% | 0.05% | +0.02 |
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 |