Bell Bank
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), Bell Bank reported 188 stock positions worth $2.4 billion. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 13.6% of the portfolio, followed by Vanguard Mrngstr Val ETF-Aui (VTV, 13.5%) and Vanguard Mrngstar GR ETF-Sui (VUG, 11.3%). Compared with Q4 2025, it opened 9 new positions, sold out of 15, added to 78 and reduced 76. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +100%) and the biggest sale Vanguard High DVD Yield ETF (VYM, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- FARGO, ND
- CIK
- 0001002672
- Portfolio Value
- $2.4B (Q1 2026)
- SEC Filing
- 0001062993-26-002112 ↗ filed Apr 23, 2026
Holdings Value
Holdings 188 stocks · $2.4B
| IEFA iShares Core MSCI Eafe ETF | 13.63% | 3,550,678 | $321.4M | Add +2.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 13.52% | 1,625,697 | $319.0M | Add +1.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 11.26% | 608,080 | $265.6M | Add +3.0% |
| QQQ Invesco QQQ Trust Series 1 | 8.79% | 359,025 | $207.2M | Add +1.6% |
| RSP Invesco S&P 500 Equal Weight | 5.00% | 614,254 | $117.9M | Add +4.6% |
| VTI VG Morningstar TS MKT ETF-US | 4.64% | 341,452 | $109.5M | Add +2.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 4.21% | 1,753,318 | $99.2M | Add +10.9% |
| VOO Vanguard S&P 500 ETF | 3.77% | 148,629 | $88.8M | Reduce -0.3% |
| AGG iShares Core U.S. Aggregate | 2.76% | 656,447 | $65.2M | Add +6.5% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 2.52% | 598,332 | $59.5M | Add +9.3% |
| VMBS Vanguard Mortgage-Backed Sec | 1.79% | 897,929 | $42.2M | Add +6.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.43% | 368,729 | $33.8M | Reduce -16.5% |
| NVDA Nvidia Corp. | 1.38% | 186,526 | $32.5M | Add +0.6% |
| JAAA Janus Henderson Aaa Clo ETF | 1.02% | 477,660 | $24.1M | Add +100.0% |
| CVX Chevron Corp. | 0.72% | 82,445 | $17.1M | Reduce -0.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.71% | 25,907 | $16.8M | Reduce -1.3% |
| MSFT Microsoft Corp. | 0.71% | 45,100 | $16.7M | Add +12.6% |
| XOM Exxon Mobil Corp. | 0.68% | 94,753 | $16.1M | Reduce -1.4% |
| AAPL Apple Inc. | 0.59% | 55,112 | $14.0M | Reduce -0.1% |
| STX Seagate Technology Holdings | 0.59% | 35,674 | $14.0M | Reduce -27.7% |
| RIO Rio Tinto PLC-Spon ADR | 0.59% | 149,635 | $14.0M | Reduce -12.0% |
| AMZN Amazon.com Inc. | 0.58% | 65,371 | $13.6M | Add +2.4% |
| PFE Pfizer Inc. | 0.56% | 472,862 | $13.3M | Add +6.1% |
| SO The Southern Co. | 0.54% | 131,097 | $12.7M | Add +2.5% |
| VZ Verizon Communications Inc. | 0.52% | 246,289 | $12.4M | Reduce -5.0% |
| META Meta Platforms Inc. Class A | 0.52% | 21,305 | $12.2M | Add +5.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.52% | 50,274 | $12.2M | Add +9.4% |
| ADM Archer-Daniels-Midland Co. | 0.50% | 163,244 | $11.9M | Add +1.3% |
| ABBV Abbvie Inc. | 0.49% | 53,651 | $11.7M | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 0.49% | 40,494 | $11.6M | Reduce -3.7% |
| AMGN Amgen Inc. | 0.48% | 32,282 | $11.4M | Add +7.7% |
| TRP TC Energy Corp. | 0.48% | 180,873 | $11.3M | Reduce -2.2% |
| CSCO Cisco Systems Inc. | 0.48% | 145,244 | $11.3M | Reduce -2.5% |
| UPS United Parcel Service Class B | 0.46% | 110,120 | $10.8M | Reduce -4.8% |
| GILD Gilead Sciences Inc. | 0.45% | 76,657 | $10.7M | Add +0.1% |
| DUK Duke Energy Corp. | 0.44% | 79,698 | $10.4M | Add +2.8% |
| KMB Kimberly-Clark Corp. | 0.43% | 105,250 | $10.2M | Add +107.3% |
| PEP Pepsico Inc. | 0.43% | 65,380 | $10.2M | Add +0.0% |
| GSK GSK PLC-Spon ADR | 0.43% | 182,228 | $10.1M | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 0.41% | 33,369 | $9.6M | Reduce -4.5% |
| LYB Lyondellbasell Indu Class A | 0.40% | 118,013 | $9.5M | Reduce -4.6% |
| T AT&T Inc. | 0.40% | 326,659 | $9.5M | Reduce -0.2% |
| PRU Prudential Financial Inc. | 0.40% | 96,775 | $9.5M | Add +13.3% |
| ARCC Ares Capital Corp. | 0.40% | 517,344 | $9.3M | Reduce -3.2% |
| DOW Dow Inc. filed as DOW HLDGS INC | 0.38% | 215,197 | $9.0M | Reduce -12.9% |
| KMI Kinder Morgan Inc. | 0.37% | 260,082 | $8.7M | Reduce -2.1% |
| HPE Hewlett Packard Enterprise | 0.35% | 346,070 | $8.2M | Add +5.9% |
| KHC The Kraft Heinz Co. | 0.32% | 338,100 | $7.6M | Add +1.1% |
| VTRS Viatris Inc. | 0.31% | 535,974 | $7.2M | Reduce -3.0% |
| AVGO Broadcom Inc. | 0.28% | 21,258 | $6.6M | Add +6.8% |
| JPM JPMorgan Chase & Co. | 0.26% | 20,701 | $6.1M | Add +2.8% |
| BX Blackstone Inc. | 0.26% | 52,871 | $6.1M | New |
| CCI Crown Castle Inc. | 0.25% | 73,854 | $6.0M | Add +1.1% |
| BXSL Blackstone Secured Lending F | 0.23% | 232,851 | $5.5M | New |
| SWKS Skyworks Solutions Inc. | 0.23% | 101,668 | $5.4M | New |
| CAG Conagra Brands Inc. | 0.23% | 342,700 | $5.4M | Reduce -8.2% |
| GIS General Mills Inc. | 0.22% | 141,159 | $5.3M | New |
| V Visa Inc. Class A | 0.22% | 17,311 | $5.2M | Add +3.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.19% | 13,556 | $4.6M | Add +4.7% |
| PG The Procter & Gamble Co. | 0.18% | 29,153 | $4.2M | Reduce -1.3% |
| TSLA Tesla Inc. | 0.18% | 11,140 | $4.1M | Add +1.0% |
| MCD McDonald's Corp. | 0.15% | 11,749 | $3.7M | Add +6.6% |
| ORCL Oracle Corp. | 0.13% | 20,643 | $3.0M | Add +176.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.12% | 60,229 | $2.7M | Add +22.0% |
| MA Mastercard Inc. Class A | 0.12% | 5,428 | $2.7M | Reduce -15.8% |
| WMT Walmart Inc. | 0.11% | 21,405 | $2.7M | Add +2.1% |
| COST Costco Wholesale Corp. | 0.11% | 2,519 | $2.5M | Add +5.2% |
| JEPI JPMorgan Equity Premium Inco | 0.10% | 43,491 | $2.5M | Add +2.5% |
| UBER Uber Technologies Inc. | 0.10% | 32,019 | $2.3M | Add +1155.2% |
| VEA Vanguard Ftse Developed ETF | 0.10% | 35,847 | $2.3M | Reduce -0.4% |
| SPHQ Invesco S&P 500 Quality ETF | 0.10% | 30,216 | $2.3M | No change |
| KO The Coca-Cola Co. | 0.09% | 29,440 | $2.2M | Add +5.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 4,635 | $2.2M | Reduce -0.8% |
| LOW Lowe's Cos Inc. | 0.09% | 9,397 | $2.2M | Add +7.0% |
| AMD Advanced Micro Devices | 0.09% | 10,542 | $2.1M | Add +11.0% |
| LLY Eli Lilly & Co. | 0.09% | 2,280 | $2.1M | Reduce -1.2% |
| NFLX Netflix Inc. | 0.09% | 21,709 | $2.1M | Add +1.9% |
| SCHD Schwab US DVD Equity ETF | 0.09% | 67,900 | $2.1M | Reduce -34.8% |
| HD Home Depot Inc. | 0.09% | 6,239 | $2.1M | Add +2.6% |
| DFUS Dimensional US Eq MKT ETF | 0.07% | 23,825 | $1.7M | Reduce -0.4% |
| VYM Vanguard High DVD Yield ETF | 0.06% | 9,961 | $1.5M | Reduce -90.7% |
| CMG Chipotle Mexican Grill Inc. | 0.06% | 45,866 | $1.5M | Add +213.1% |
| CAT Caterpillar Inc. | 0.06% | 1,854 | $1.3M | Reduce -3.4% |
| IRT Independence Realty Trust Inc. | 0.06% | 88,006 | $1.3M | No change |
| JNJ Johnson & Johnson | 0.05% | 5,218 | $1.3M | Add +1.2% |
| ESGV Vanguard ESG US Stock ETF | 0.05% | 11,241 | $1.3M | Add +114.2% |
| ADI Analog Devices Inc. | 0.05% | 3,948 | $1.3M | Reduce -19.9% |
| AMAT Applied Materials Inc. | 0.05% | 3,643 | $1.2M | Reduce -46.4% |
| MU Micron Technology Inc. | 0.05% | 3,580 | $1.2M | Reduce -2.1% |
| PLTR Palantir Technologies Inc. Class A | 0.05% | 7,667 | $1.1M | Add +0.3% |
| FAST Fastenal Co. | 0.05% | 23,847 | $1.1M | Reduce -6.4% |
| AXP American Express Co. | 0.05% | 3,588 | $1.1M | Add +0.1% |
| ANET Arista Networks Inc. | 0.05% | 8,836 | $1.1M | Add +12.5% |
| MMM 3M Co. | 0.05% | 7,327 | $1.1M | Reduce -6.0% |
| NEE Nextera Energy Inc. | 0.04% | 11,126 | $1.0M | Reduce -4.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.04% | 20,509 | $1000K | Add +0.7% |
| PH Parker Hannifin Corp. | 0.04% | 1,103 | $987K | Add +0.6% |
| VGT Vanguard Info Tech ETF | 0.04% | 1,281 | $894K | No change |
| IWD iShares Russell 1000 Value E | 0.04% | 3,985 | $851K | Add +19.9% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.04% | 15,335 | $851K | Reduce -1.4% |
Portfolio Sells Q4 2025 → Q1 2026
| VYM Vanguard High DVD Yield ETF | Reduce -90.7% | 0.06% | −0.60 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.39 |
| USB US Bancorp | Reduce -95.5% | 0.02% | −0.38 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -16.5% | 1.43% | −0.29 |
| VOO Vanguard S&P 500 ETF | Reduce -0.3% | 3.77% | −0.23 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -3.7% | 0.49% | −0.07 |
| FTNT Fortinet Inc. | Reduce -87.6% | 0.01% | −0.07 |
| HSY The Hershey Co. | Reduce -86.7% | 0.01% | −0.07 |
| ARCC Ares Capital Corp. | Reduce -3.2% | 0.40% | −0.07 |
| GOOG Alphabet Inc. Class C | Reduce -4.5% | 0.41% | −0.06 |
| BSV Vanguard Short-Term Bond ETF | Reduce -84.5% | 0.01% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.3% | 0.71% | −0.05 |
| AAPL Apple Inc. | Reduce -0.1% | 0.59% | −0.05 |
| CAG Conagra Brands Inc. | Reduce -8.2% | 0.23% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -15.8% | 0.12% | −0.04 |
| VGSH Vanguard Short-Term Treasury | Reduce -55.7% | 0.03% | −0.04 |
| HEI Heico Corp. | Reduce -48.2% | 0.03% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Reduce -34.8% | 0.09% | −0.03 |
| TYL Tyler Technologies Inc. | Sold out | 0.00% | −0.03 |
| UPS United Parcel Service Class B | Reduce -4.8% | 0.46% | −0.03 |
| SPGI S&P Global Inc. | Reduce -69.9% | 0.01% | −0.03 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.03 |
| CRM Salesforce Inc. | Reduce -17.1% | 0.04% | −0.03 |
| AMAT Applied Materials Inc. | Reduce -46.4% | 0.05% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -37.5% | 0.02% | −0.02 |
| NOW ServiceNow Inc. | Reduce -24.9% | 0.02% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -1.2% | 0.09% | −0.02 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -2.5% | 0.48% | −0.01 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.01 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.01 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.01 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.01 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.01 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.01 |
| OEF iShares S&P 100 ETF | Sold out | 0.00% | −0.01 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.01 |
| VMC Vulcan Materials Co. | Sold out | 0.00% | −0.01 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -30.3% | 0.02% | −0.01 |
| MMM 3M Co. | Reduce -6.0% | 0.05% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -9.3% | 0.03% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.8% | 0.09% | −0.01 |
| MS Morgan Stanley | Reduce -8.1% | 0.03% | −0.01 |
| ACN Accenture PLC Class A | Reduce -6.9% | 0.01% | −0.01 |
| XLF SS Financial Select Sector | Reduce -1.2% | 0.04% | −0.00 |
| IWO iShares Russell 2000 Growth | Reduce -9.7% | 0.03% | −0.00 |
| DFUS Dimensional US Eq MKT ETF | Reduce -0.4% | 0.07% | −0.00 |
| ABT Abbott Laboratories | Reduce -11.2% | 0.01% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| JAAA Janus Henderson Aaa Clo ETF | Add +100.0% | 1.02% | +0.50 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.4% | 13.52% | +0.43 |
| IEFA iShares Core MSCI Eafe ETF | Add +2.7% | 13.63% | +0.41 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +10.9% | 4.21% | +0.37 |
| BX Blackstone Inc. | New | 0.26% | +0.26 |
| BXSL Blackstone Secured Lending F | New | 0.23% | +0.23 |
| SWKS Skyworks Solutions Inc. | New | 0.23% | +0.23 |
| GIS General Mills Inc. | New | 0.22% | +0.22 |
| KMB Kimberly-Clark Corp. | Add +107.3% | 0.43% | +0.21 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Add +9.3% | 2.52% | +0.20 |
| RSP Invesco S&P 500 Equal Weight | Add +4.6% | 5.00% | +0.19 |
| AGG iShares Core U.S. Aggregate | Add +6.5% | 2.76% | +0.13 |
| ADM Archer-Daniels-Midland Co. | Add +1.3% | 0.50% | +0.11 |
| PFE Pfizer Inc. | Add +6.1% | 0.56% | +0.09 |
| UBER Uber Technologies Inc. | Add +1155.2% | 0.10% | +0.09 |
| VMBS Vanguard Mortgage-Backed Sec | Add +6.3% | 1.79% | +0.09 |
| ORCL Oracle Corp. | Add +176.2% | 0.13% | +0.07 |
| AMGN Amgen Inc. | Add +7.7% | 0.48% | +0.06 |
| SO The Southern Co. | Add +2.5% | 0.54% | +0.06 |
| DUK Duke Energy Corp. | Add +2.8% | 0.44% | +0.05 |
| GILD Gilead Sciences Inc. | Add +0.1% | 0.45% | +0.05 |
| CMG Chipotle Mexican Grill Inc. | Add +213.1% | 0.06% | +0.04 |
| PEP Pepsico Inc. | Add +0.0% | 0.43% | +0.03 |
| ESGV Vanguard ESG US Stock ETF | Add +114.2% | 0.05% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +4.7% | 0.19% | +0.03 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +22.0% | 0.12% | +0.02 |
| SUSA iShares ESG Optimized MSCI U | New | 0.02% | +0.02 |
| ESGD iShares Trust iShares ESG Aw | New | 0.02% | +0.02 |
| COST Costco Wholesale Corp. | Add +5.2% | 0.11% | +0.02 |
| HPE Hewlett Packard Enterprise | Add +5.9% | 0.35% | +0.01 |
| WMT Walmart Inc. | Add +2.1% | 0.11% | +0.01 |
| KO The Coca-Cola Co. | Add +5.9% | 0.09% | +0.01 |
| MCD McDonald's Corp. | Add +6.6% | 0.15% | +0.01 |
| ITOT iShares Core S&P Total U.S. | New | 0.01% | +0.01 |
| MSI Motorola Solutions Inc. | New | 0.01% | +0.01 |
| BIIB Biogen Inc. | New | 0.01% | +0.01 |
| JNJ Johnson & Johnson | Add +1.2% | 0.05% | +0.01 |
| IWD iShares Russell 1000 Value E | Add +19.9% | 0.04% | +0.01 |
| DE Deere & Co. | Add +0.1% | 0.03% | +0.01 |
| AMD Advanced Micro Devices | Add +11.0% | 0.09% | +0.00 |
| GLD SPDR Gold Shares | Add +4.7% | 0.03% | +0.00 |
| LOW Lowe's Cos Inc. | Add +7.0% | 0.09% | +0.00 |
| BMY Bristol-Myers Squibb Co. | Add +20.4% | 0.01% | +0.00 |
| NFLX Netflix Inc. | Add +1.9% | 0.09% | +0.00 |
| HON Honeywell International Inc. | Add +0.6% | 0.02% | +0.00 |
| FDX FedEx Corp. | Add +0.3% | 0.01% | +0.00 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +6.1% | 0.02% | +0.00 |
| ANET Arista Networks Inc. | Add +12.5% | 0.05% | +0.00 |
| TT Trane Technologies PLC | Add +2.5% | 0.01% | +0.00 |
| UNP Union Pacific Corp. | Add +1.6% | 0.02% | +0.00 |
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 |