Bell Bank
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 3, 2025), Bell Bank reported 190 stock positions worth $1.3 billion. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 18.5% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 14.5%) and Vanguard High DVD Yield ETF (VYM, 6.6%). Compared with Q3 2024, it opened 19 new positions, sold out of 6, added to 87 and reduced 49. The biggest buy was iShares Core MSCI Eafe ETF (IEFA, shares +188%) and the biggest sale International Paper (IP, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- FARGO, ND
- CIK
- 0001002672
- Portfolio Value
- $1.3B (Q4 2024)
- SEC Filing
- 0001062993-25-001486 ↗ filed Feb 3, 2025
Holdings Value
Holdings 190 stocks · $1.3B
| IEFA iShares Core MSCI Eafe ETF | 18.54% | 3,546,845 | $249.3M | Add +187.7% |
| QQQ Invesco QQQ Trust Series 1 | 14.49% | 381,080 | $194.8M | Add +112.7% |
| VYM Vanguard High DVD Yield ETF | 6.61% | 696,473 | $88.9M | Add +169.0% |
| VOO Vanguard S&P 500 ETF | 6.34% | 158,072 | $85.2M | Add +87.9% |
| SPYV SS SPDR P S&P 500 Value ETF | 4.76% | 1,252,623 | $64.1M | New |
| BILS SS Spdrb B 3-12M T-Bill ETF | 4.62% | 626,349 | $62.1M | Add +68.7% |
| AGG iShares Core U.S. Aggregate | 3.72% | 516,482 | $50.0M | Add +15.8% |
| NVDA Nvidia Corp. | 2.06% | 205,806 | $27.6M | Reduce -1.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.04% | 299,766 | $27.4M | Add +6.8% |
| AAPL Apple Inc. | 1.35% | 72,656 | $18.2M | Reduce -1.8% |
| MSFT Microsoft Corp. | 1.11% | 35,291 | $14.9M | Add +2.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.08% | 24,723 | $14.5M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 1.02% | 62,360 | $13.7M | Add +1.0% |
| ABBV Abbvie Inc. | 0.97% | 73,150 | $13.0M | Add +9.5% |
| CSCO Cisco Systems Inc. | 0.89% | 202,500 | $12.0M | Add +10.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.84% | 51,365 | $11.3M | Add +8.9% |
| GILD Gilead Sciences Inc. | 0.81% | 118,187 | $10.9M | Add +4.9% |
| VMBS Vanguard Mortgage-Backed Sec | 0.80% | 236,609 | $10.7M | New |
| ARCC Ares Capital Corp. | 0.79% | 484,052 | $10.6M | Add +13.2% |
| META Meta Platforms Inc. Class A | 0.76% | 17,483 | $10.2M | Add +0.3% |
| SO The Southern Co. | 0.75% | 121,812 | $10.0M | Add +12.1% |
| DUK Duke Energy Corp. | 0.68% | 84,526 | $9.1M | Add +14.1% |
| HBAN Huntington Bancshares Inc. | 0.68% | 558,470 | $9.1M | Add +11.0% |
| XOM Exxon Mobil Corp. | 0.67% | 83,321 | $9.0M | Add +8.8% |
| PFE Pfizer Inc. | 0.65% | 331,802 | $8.8M | Add +18.9% |
| PRU Prudential Financial Inc. | 0.65% | 73,715 | $8.7M | Add +13.2% |
| T AT&T Inc. | 0.64% | 378,422 | $8.6M | Add +20.1% |
| UPS United Parcel Service Class B | 0.64% | 67,806 | $8.6M | Add +14.7% |
| RIO Rio Tinto PLC-Spon ADR | 0.62% | 142,231 | $8.4M | Add +18.5% |
| TRP TC Energy Corp. | 0.61% | 175,742 | $8.2M | Add +14.3% |
| AMGN Amgen Inc. | 0.60% | 30,733 | $8.0M | Add +17.1% |
| CAG Conagra Brands Inc. | 0.58% | 282,825 | $7.8M | Add +76.0% |
| CVX Chevron Corp. | 0.57% | 52,851 | $7.7M | Add +16.9% |
| ADM Archer-Daniels-Midland Co. | 0.57% | 150,978 | $7.6M | Add +18.0% |
| GOOGL Alphabet Inc. Class A | 0.56% | 39,747 | $7.5M | Add +1.9% |
| VZ Verizon Communications Inc. | 0.55% | 184,683 | $7.4M | Add +17.8% |
| KHC The Kraft Heinz Co. | 0.54% | 237,494 | $7.3M | Add +19.8% |
| LYB Lyondellbasell Indu Class A | 0.52% | 94,800 | $7.0M | Add +20.4% |
| STX Seagate Technology Holdings | 0.49% | 76,842 | $6.6M | Add +15.3% |
| KMI Kinder Morgan Inc. | 0.49% | 240,893 | $6.6M | New |
| DOW Dow Inc. | 0.48% | 161,246 | $6.5M | Add +23.6% |
| UL Unilever PLC | 0.47% | 111,816 | $6.3M | Add +18.5% |
| GOOG Alphabet Inc. Class C | 0.46% | 32,726 | $6.2M | Add +1.7% |
| GSK GSK PLC-Spon ADR | 0.46% | 181,513 | $6.1M | Add +20.3% |
| VTRS Viatris Inc. | 0.44% | 477,423 | $5.9M | Add +12.7% |
| CCI Crown Castle Inc. | 0.43% | 64,073 | $5.8M | New |
| KMB Kimberly-Clark Corp. | 0.42% | 43,015 | $5.6M | Add +13.0% |
| TSLA Tesla Inc. | 0.41% | 13,693 | $5.5M | Add +1.9% |
| AGNC AGNC Investment Corp. | 0.40% | 586,240 | $5.4M | Add +20.7% |
| V Visa Inc. Class A | 0.34% | 14,401 | $4.6M | Add +1.2% |
| JPM JPMorgan Chase & Co. | 0.33% | 18,391 | $4.4M | Add +2.0% |
| HPE Hewlett Packard Enterprise | 0.29% | 183,755 | $3.9M | Add +11.3% |
| UNH Unitedhealth Group Inc. | 0.28% | 7,324 | $3.7M | Add +2.0% |
| MCD McDonald's Corp. | 0.27% | 12,699 | $3.7M | Add +3.0% |
| EXR Extra Space Storage Inc. | 0.27% | 24,375 | $3.6M | No change |
| MA Mastercard Inc. Class A | 0.22% | 5,680 | $3.0M | Reduce -0.3% |
| AVGO Broadcom Inc. | 0.22% | 12,798 | $3.0M | Add +1.3% |
| CRM Salesforce Inc. | 0.21% | 8,597 | $2.9M | Reduce -0.7% |
| JEPI JPMorgan Equity Premium Inco | 0.20% | 46,837 | $2.7M | Add +828.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.18% | 8,426 | $2.4M | Reduce -5.6% |
| NLY Annaly Capital Management Inc. | 0.17% | 127,093 | $2.3M | Add +21.8% |
| PSA Public Storage | 0.17% | 7,406 | $2.2M | Reduce -0.0% |
| COST Costco Wholesale Corp. | 0.16% | 2,370 | $2.2M | Add +1.6% |
| JPST JPMorgan Ultra-Short Income | 0.16% | 41,983 | $2.1M | Add +118.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.15% | 4,580 | $2.1M | Reduce -0.1% |
| AFL Aflac Inc. | 0.15% | 20,028 | $2.1M | No change |
| HD Home Depot Inc. | 0.15% | 5,046 | $2.0M | Add +15.9% |
| WM Waste Management Inc. | 0.14% | 9,582 | $1.9M | Add +0.2% |
| NFLX Netflix Inc. | 0.14% | 2,092 | $1.9M | Add +14.3% |
| IRT Independence Realty Trust Inc. | 0.13% | 88,006 | $1.7M | No change |
| HEI Heico Corp. | 0.13% | 7,283 | $1.7M | Reduce -1.6% |
| PG The Procter & Gamble Co. | 0.13% | 10,122 | $1.7M | Add +2.4% |
| VEA Vanguard Ftse Developed ETF | 0.13% | 35,236 | $1.7M | No change |
| SPHQ Invesco S&P 500 Quality ETF | 0.12% | 24,688 | $1.7M | No change |
| KO The Coca-Cola Co. | 0.12% | 26,103 | $1.6M | Add +3.6% |
| NOW ServiceNow Inc. | 0.12% | 1,516 | $1.6M | Reduce -2.9% |
| ESGV Vanguard ESG US Stock ETF | 0.12% | 15,136 | $1.6M | Add +12.6% |
| DFUS Dimensional US Eq MKT ETF | 0.12% | 24,462 | $1.6M | New |
| ADI Analog Devices Inc. | 0.11% | 6,924 | $1.5M | Reduce -1.0% |
| INTC Intel Corp. | 0.11% | 70,718 | $1.4M | Reduce -70.4% |
| TYL Tyler Technologies Inc. | 0.10% | 2,351 | $1.4M | Reduce -6.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.10% | 6,740 | $1.3M | New |
| FAST Fastenal Co. | 0.10% | 18,435 | $1.3M | Reduce -2.2% |
| CSGP Costar Group Inc. | 0.10% | 17,885 | $1.3M | Reduce -1.9% |
| WST West Pharmaceutical Services | 0.09% | 3,724 | $1.2M | Reduce -5.8% |
| SCHD Schwab US DVD Equity ETF | 0.09% | 43,824 | $1.2M | Add +511.7% |
| DHR Danaher Corp. | 0.09% | 5,139 | $1.2M | Reduce -0.7% |
| SPGI S&P Global Inc. | 0.09% | 2,340 | $1.2M | Reduce -1.5% |
| LOW Lowe's Cos Inc. | 0.09% | 4,701 | $1.2M | Reduce -4.5% |
| LLY Eli Lilly & Co. | 0.09% | 1,497 | $1.2M | Add +0.3% |
| BMY Bristol-Myers Squibb Co. | 0.09% | 20,211 | $1.1M | Reduce -30.6% |
| GLOB Globant SA | 0.08% | 5,206 | $1.1M | Reduce -2.0% |
| VEEV Veeva Systems Inc. Class A | 0.08% | 5,263 | $1.1M | Reduce -3.4% |
| DE Deere & Co. | 0.08% | 2,590 | $1.1M | Add +10.4% |
| AMD Advanced Micro Devices | 0.08% | 8,973 | $1.1M | Add +3.5% |
| XLF SS Financial Select Sector | 0.08% | 22,347 | $1.1M | No change |
| MRK Merck & Co. Inc. | 0.08% | 10,521 | $1.0M | Add +3.4% |
| ROL Rollins Inc. | 0.08% | 22,331 | $1.0M | Reduce -5.5% |
| WMT Walmart Inc. | 0.07% | 10,987 | $993K | Add +28.4% |
| AXP American Express Co. | 0.07% | 3,333 | $989K | Reduce -0.1% |
Portfolio Sells Q3 2024 → Q4 2024
| IP International Paper Co. | Reduce -93.1% | 0.05% | −0.95 |
| NVDA Nvidia Corp. | Reduce -1.2% | 2.06% | −0.94 |
| AAPL Apple Inc. | Reduce -1.8% | 1.35% | −0.69 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.2% | 1.08% | −0.62 |
| INTC Intel Corp. | Reduce -70.4% | 0.11% | −0.56 |
| PSA Public Storage | Reduce -0.0% | 0.17% | −0.15 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.12 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -5.6% | 0.18% | −0.12 |
| MA Mastercard Inc. Class A | Reduce -0.3% | 0.22% | −0.11 |
| SBUX Starbucks Corp. | Reduce -37.8% | 0.06% | −0.11 |
| HEI Heico Corp. | Reduce -1.6% | 0.13% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 0.15% | −0.10 |
| BMY Bristol-Myers Squibb Co. | Reduce -30.6% | 0.09% | −0.09 |
| DHR Danaher Corp. | Reduce -0.7% | 0.09% | −0.08 |
| ADI Analog Devices Inc. | Reduce -1.0% | 0.11% | −0.08 |
| TYL Tyler Technologies Inc. | Reduce -6.0% | 0.10% | −0.07 |
| LOW Lowe's Cos Inc. | Reduce -4.5% | 0.09% | −0.07 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.07 |
| CSGP Costar Group Inc. | Reduce -1.9% | 0.10% | −0.07 |
| CRM Salesforce Inc. | Reduce -0.7% | 0.21% | −0.07 |
| ROL Rollins Inc. | Reduce -5.5% | 0.08% | −0.06 |
| FAST Fastenal Co. | Reduce -2.2% | 0.10% | −0.06 |
| SPGI S&P Global Inc. | Reduce -1.5% | 0.09% | −0.06 |
| VEEV Veeva Systems Inc. Class A | Reduce -3.4% | 0.08% | −0.05 |
| WST West Pharmaceutical Services | Reduce -5.8% | 0.09% | −0.05 |
| NXPI NXP Semiconductors NV | Reduce -8.9% | 0.05% | −0.05 |
| NOW ServiceNow Inc. | Reduce -2.9% | 0.12% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -16.5% | 0.04% | −0.04 |
| IWO iShares Russell 2000 Growth | Reduce -9.3% | 0.06% | −0.04 |
| GLOB Globant SA | Reduce -2.0% | 0.08% | −0.04 |
| ALL Allstate Corp. | Reduce -0.0% | 0.07% | −0.04 |
| MDY State Street SPDR S&P Midcap | Reduce -5.9% | 0.06% | −0.04 |
| ANSS Ansys Inc. | Reduce -5.6% | 0.06% | −0.04 |
| AXP American Express Co. | Reduce -0.1% | 0.07% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -17.3% | 0.04% | −0.03 |
| CAT Caterpillar Inc. | Reduce -0.2% | 0.04% | −0.03 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.03 |
| TTD Trade Desk Inc./the Class A | Reduce -2.7% | 0.06% | −0.03 |
| ACN Accenture PLC Class A | Reduce -0.6% | 0.05% | −0.03 |
| SUSA iShares ESG Optimized MSCI U | Reduce -1.0% | 0.05% | −0.03 |
| ESGD iShares Trust iShares ESG Aw | Reduce -0.3% | 0.04% | −0.03 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.03 |
| ORCL Oracle Corp. | Reduce -0.5% | 0.04% | −0.03 |
| FICO Fair Isaac Corp. | Reduce -1.0% | 0.04% | −0.03 |
| BAC Bank of America Corp. | Reduce -0.2% | 0.06% | −0.02 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.02 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -8.6% | 0.03% | −0.02 |
| UNP Union Pacific Corp. | Reduce -2.6% | 0.03% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -1.7% | 0.02% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| IEFA iShares Core MSCI Eafe ETF | Add +187.7% | 18.54% | +7.16 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 4.76% | +4.76 |
| QQQ Invesco QQQ Trust Series 1 | Add +112.7% | 14.49% | +4.14 |
| VYM Vanguard High DVD Yield ETF | Add +169.0% | 6.61% | +2.68 |
| VOO Vanguard S&P 500 ETF | Add +87.9% | 6.34% | +1.08 |
| VMBS Vanguard Mortgage-Backed Sec | New | 0.80% | +0.80 |
| KMI Kinder Morgan Inc. | New | 0.49% | +0.49 |
| CCI Crown Castle Inc. | New | 0.43% | +0.43 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Add +68.7% | 4.62% | +0.24 |
| JEPI JPMorgan Equity Premium Inco | Add +828.9% | 0.20% | +0.16 |
| DFUS Dimensional US Eq MKT ETF | New | 0.12% | +0.12 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.10% | +0.10 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.07% | +0.07 |
| SCHD Schwab US DVD Equity ETF | Add +511.7% | 0.09% | +0.07 |
| FDL First Trust Morn DVD Lead Inc. | New | 0.04% | +0.04 |
| JPST JPMorgan Ultra-Short Income | Add +118.0% | 0.16% | +0.04 |
| DGRO iShares Core Dividend Growth | New | 0.04% | +0.04 |
| BND Vanguard Total Bond Market | New | 0.03% | +0.03 |
| GLD SPDR Gold Shares | New | 0.03% | +0.03 |
| SCMB Schwab Municipal Bond ETF | New | 0.02% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.02% | +0.02 |
| DFS Discover Financial Services | New | 0.02% | +0.02 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 0.02% | +0.02 |
| MOAT Vaneck Morningstar Wide Moat | New | 0.02% | +0.02 |
| SCHY Schwab International DVD ETF | New | 0.02% | +0.02 |
| DFUV Dimensional US Marketwide Va | New | 0.02% | +0.02 |
| CMI Cummins Inc. | New | 0.02% | +0.02 |
| TSLA Tesla Inc. | Add +1.9% | 0.41% | −0.00 |
| USB US Bancorp | Add +20.4% | 0.02% | −0.01 |
| MSI Motorola Solutions Inc. | Add +14.4% | 0.02% | −0.01 |
| WMT Walmart Inc. | Add +28.4% | 0.07% | −0.01 |
| XLK SS Technology Select Sector | Add +2.0% | 0.02% | −0.01 |
| VRSK Verisk Analytics Inc. | Add +4.7% | 0.02% | −0.01 |
| MS Morgan Stanley | Add +8.3% | 0.05% | −0.01 |
| ABT Abbott Laboratories | Add +1.2% | 0.02% | −0.01 |
| IWD iShares Russell 1000 Value E | Add +0.3% | 0.02% | −0.01 |
| PLD Prologis Inc. | Add +0.2% | 0.02% | −0.01 |
| PSX Phillips 66 | Add +11.5% | 0.02% | −0.01 |
| NFLX Netflix Inc. | Add +14.3% | 0.14% | −0.01 |
| TXN Texas Instruments Inc. | Add +0.4% | 0.02% | −0.02 |
| ECL Ecolab Inc. | Add +0.6% | 0.02% | −0.02 |
| FTNT Fortinet Inc. | Add +2.5% | 0.06% | −0.02 |
| HON Honeywell International Inc. | Add +0.4% | 0.04% | −0.02 |
| IVV iShares Core S&P 500 ETF | Add +3.4% | 0.04% | −0.02 |
| CB Chubb Ltd. | Add +9.9% | 0.05% | −0.02 |
| PEP Pepsico Inc. | Add +0.8% | 0.04% | −0.03 |
| ADBE Adobe Inc. | Add +4.7% | 0.04% | −0.03 |
| PH Parker Hannifin Corp. | Add +0.1% | 0.06% | −0.03 |
| DE Deere & Co. | Add +10.4% | 0.08% | −0.03 |
| HES Hess Corp. | Add +0.2% | 0.06% | −0.03 |
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 |