Bell Investment Advisors, Inc
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 21, 2025), Bell Investment Advisors, Inc reported 1,876 stock positions worth $611.9 million. Its top holding was Goldman Sachs Access Treasur (GBIL) at 9.9% of the portfolio, followed by Schwab Fndmntl US LRG Co. ETF (FNDX, 8.9%) and Vanguard Mortgage-Backed Sec (VMBS, 7.7%). Compared with Q2 2025, it opened 93 new positions, sold out of 97, added to 307 and reduced 743. The biggest buy was iShares 20+ Year Treasury BD (TLT, shares +7%) and the biggest sale Schwab Fndmntl US LRG Co. ETF (FNDX, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- ORINDA, CA
- CIK
- 0001890149
- Portfolio Value
- $611.9M (Q3 2025)
- SEC Filing
- 0001890149-25-000009 ↗ filed Nov 21, 2025
Holdings Value
Holdings 1,876 stocks · $611.9M
| GBIL Goldman Sachs Access Treasur | 9.88% | 603,403 | $60.5M | Add +4.0% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 8.87% | 2,063,000 | $54.3M | Reduce -3.2% |
| VMBS Vanguard Mortgage-Backed Sec | 7.68% | 1,001,407 | $47.0M | Add +4.9% |
| TDTT NT Iboxx 3Y Dur Tips ETF | 7.50% | 1,886,811 | $45.9M | Add +3.6% |
| TLT iShares 20+ Year Treasury BD | 6.06% | 415,139 | $37.1M | Add +7.3% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 4.73% | 673,695 | $28.9M | Reduce -1.7% |
| MTUM iShares MSCI USA Momentum Fa | 3.96% | 94,433 | $24.2M | Reduce -2.9% |
| SCHX Schwab US Large-Cap ETF | 3.88% | 901,610 | $23.7M | Reduce -2.8% |
| FNDA Schwab Fndmntl US SM Co. ETF | 3.25% | 637,574 | $19.9M | Reduce -4.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 3.09% | 101,307 | $18.9M | Add +1.1% |
| QUAL iShares MSCI USA Quality Fac | 2.61% | 82,220 | $16.0M | Add +1.7% |
| SCHF Schwab Intl Equity ETF | 2.08% | 546,621 | $12.7M | Reduce 0.0% |
| SPLV Invesco S&P 500 Low Volatili | 1.97% | 164,022 | $12.1M | Add +1.8% |
| IEMG iShares Core MSCI Emerging | 1.65% | 152,775 | $10.1M | Add +5.0% |
| IQLT iShares MSCI International Q | 1.59% | 219,799 | $9.7M | Add +1.4% |
| SCHD Schwab US DVD Equity ETF | 1.57% | 351,076 | $9.6M | Add +0.2% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 1.25% | 211,732 | $7.7M | Reduce -4.0% |
| IJR iShares Core S&P Small-Cap E | 1.22% | 62,616 | $7.4M | Reduce -1.9% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 1.21% | 166,046 | $7.4M | Reduce -7.7% |
| GSSC Goldman Sachs Activebeta US | 1.21% | 98,656 | $7.4M | Add +1.9% |
| AAPL Apple Inc. | 1.16% | 27,832 | $7.1M | Reduce -1.3% |
| SCHA Schwab US Small-Cap ETF | 1.13% | 248,484 | $6.9M | Reduce -0.1% |
| IDLV Invesco S&P International DE | 1.11% | 203,428 | $6.8M | Add +3.6% |
| AOR iShares Core 60/40 Balanced | 1.06% | 100,914 | $6.5M | Reduce -3.5% |
| VGLT Vanguard Long-Term Treasury | 1.01% | 108,881 | $6.2M | Add +0.3% |
| ISCF iShares International Small | 0.80% | 118,572 | $4.9M | Add +2.3% |
| SCHC Schwab Intl Small-Cap Equity | 0.78% | 104,534 | $4.8M | Add +1.9% |
| VIG Vanguard Dividend Apprec ETF | 0.68% | 19,246 | $4.2M | Reduce -0.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.60% | 38,417 | $3.7M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 0.55% | 13,845 | $3.4M | Reduce -2.2% |
| VTEC Vanguard Ca Tax-Ex Bond | 0.53% | 32,716 | $3.3M | Reduce -11.8% |
| NVDA Nvidia Corp. | 0.43% | 14,102 | $2.6M | Reduce -0.7% |
| VOO Vanguard S&P 500 ETF | 0.41% | 4,101 | $2.5M | Add +0.1% |
| IVLU iShares MSCI International V | 0.40% | 69,227 | $2.5M | Add +8.8% |
| STIP iShares 0-5 Year Tips Bond E | 0.37% | 22,198 | $2.3M | Add +3.6% |
| MSFT Microsoft Corp. | 0.37% | 4,381 | $2.3M | Reduce -3.5% |
| PRF Invesco Rafi US 1000 ETF | 0.36% | 49,350 | $2.2M | Reduce -9.8% |
| GOOGL Alphabet Inc. Class A | 0.36% | 9,124 | $2.2M | Reduce -3.2% |
| ESGV Vanguard ESG US Stock ETF | 0.35% | 18,028 | $2.1M | Reduce -4.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.29% | 2,649 | $1.8M | Reduce -0.3% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.28% | 50,556 | $1.7M | Reduce -3.4% |
| VSGX Vanguard ESG Intl Stock ETF | 0.27% | 24,225 | $1.7M | Reduce -1.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.26% | 6,359 | $1.6M | Reduce -3.0% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.26% | 34,453 | $1.6M | Reduce -4.2% |
| VSS Vanguard Ftse All Wo X-US SC | 0.26% | 10,976 | $1.6M | Reduce -0.2% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.25% | 18,070 | $1.5M | Add +0.1% |
| BND Vanguard Total Bond Market | 0.25% | 20,585 | $1.5M | Add +4.3% |
| CMF iShares California Muni Bond | 0.23% | 24,592 | $1.4M | Add +31.0% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.23% | 4,536 | $1.4M | Add +0.1% |
| ESML iShares ESG Aware MSCI USA S | 0.21% | 28,587 | $1.3M | Reduce -2.2% |
| VEA Vanguard Ftse Developed ETF | 0.20% | 20,879 | $1.3M | Add +6.3% |
| RTX RTX Corp. | 0.20% | 7,139 | $1.2M | Add +0.1% |
| CVX Chevron Corp. | 0.19% | 7,444 | $1.2M | Add +2.5% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.18% | 19,811 | $1.1M | Reduce -3.9% |
| SPMB SS SPDR P Mort Back Bond ETF | 0.16% | 43,917 | $986K | Reduce -5.7% |
| TDTF NT Iboxx 5Y Dur Tips ETF | 0.14% | 36,030 | $874K | Add +16.6% |
| IMTM iShares MSCI Intl Momentum F | 0.14% | 17,967 | $860K | Add +9.4% |
| SHE SS SPDR MSCI U Gend Div ETF | 0.13% | 6,441 | $821K | Reduce -3.3% |
| META Meta Platforms Inc. Class A | 0.13% | 1,115 | $819K | Reduce -5.9% |
| AMZN Amazon.com Inc. | 0.13% | 3,697 | $812K | Reduce -6.4% |
| ESGD iShares Trust iShares ESG Aw | 0.13% | 8,722 | $811K | Reduce -1.1% |
| ESGU iShares ESG Aware MSCI USA | 0.13% | 5,558 | $809K | Reduce -5.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.12% | 1,261 | $757K | Reduce -5.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.12% | 1 | $754K | No change |
| SCHR Schwab Intermediate-Term US | 0.12% | 28,807 | $724K | Add +1.0% |
| ABBV Abbvie Inc. | 0.11% | 2,886 | $668K | Reduce -0.2% |
| INTU Intuit Inc. | 0.10% | 925 | $632K | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 0.10% | 1,987 | $627K | Add +0.4% |
| DFAC Dimensional US Core Equity 2 | 0.10% | 15,776 | $608K | No change |
| WTW Willis Towers Watson PLC | 0.10% | 1,759 | $608K | Add +2932.8% |
| ESGE iShares Inc. iShares ESG Awar | 0.09% | 13,291 | $577K | Reduce -4.6% |
| XOM Exxon Mobil Corp. | 0.09% | 4,901 | $553K | Reduce -1.9% |
| AVGO Broadcom Inc. | 0.09% | 1,638 | $540K | Add +1.9% |
| A Agilent Technologies Inc. | 0.09% | 4,124 | $529K | Reduce -0.2% |
| TSLA Tesla Inc. | 0.08% | 1,166 | $519K | Reduce -10.0% |
| PG The Procter & Gamble Co. | 0.08% | 3,291 | $506K | Reduce -7.1% |
| XLK SS Technology Select Sector | 0.08% | 1,779 | $501K | No change |
| MMM 3M Co. | 0.08% | 3,131 | $486K | Reduce -0.9% |
| MUNY Vanguard NY Tax-Ex Bond | 0.08% | 4,622 | $476K | New |
| MBB iShares MBS ETF | 0.08% | 4,943 | $470K | Add +0.9% |
| VLUE iShares MSCI USA Value Facto | 0.07% | 3,664 | $458K | Add +0.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.07% | 2,152 | $449K | Add +2.5% |
| CALI Ishrs SH-TRM Ca Muni Act ETF | 0.07% | 8,506 | $431K | Add +9.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 1,300 | $427K | Add +19.3% |
| COST Costco Wholesale Corp. | 0.07% | 451 | $417K | Reduce -1.3% |
| V Visa Inc. Class A | 0.07% | 1,190 | $406K | Reduce -3.9% |
| CARR Carrier Global Corp. | 0.07% | 6,802 | $406K | Reduce -0.3% |
| IVV iShares Core S&P 500 ETF | 0.06% | 593 | $397K | Add +162.4% |
| VWO Vanguard Ftse Emerging Marke | 0.06% | 7,203 | $390K | Add +8.8% |
| SMH Vaneck Semiconductor ETF | 0.06% | 1,133 | $370K | Reduce -7.4% |
| KEYS Keysight Technologies Inc. | 0.06% | 2,017 | $353K | Reduce -1.7% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.06% | 4,131 | $350K | Add +1.2% |
| ABT Abbott Laboratories | 0.06% | 2,610 | $350K | Reduce -5.6% |
| NFLX Netflix Inc. | 0.06% | 283 | $339K | Reduce -5.0% |
| WFC Wells Fargo & Co. | 0.05% | 3,895 | $326K | Reduce -1.2% |
| OTIS Otis Worldwide Corp. | 0.05% | 3,552 | $325K | Add +0.2% |
| ORCL Oracle Corp. | 0.05% | 1,148 | $323K | Reduce -2.6% |
| MA Mastercard Inc. Class A | 0.05% | 545 | $310K | Reduce -2.3% |
| IDEV iShares Core MSCI Dev MKTS | 0.05% | 3,856 | $309K | No change |
| GLDM SPDR Gold Minishares Trust | 0.05% | 3,985 | $305K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -3.2% | 8.87% | −0.12 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Reduce -7.7% | 1.21% | −0.09 |
| VTEC Vanguard Ca Tax-Ex Bond | Reduce -11.8% | 0.53% | −0.09 |
| NYF iShares New York Muni Bond E | Sold out | 0.00% | −0.08 |
| SPHY SS SPDR P High Yield ETF | Reduce -93.0% | 0.01% | −0.08 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -2.9% | 3.96% | −0.06 |
| AOR iShares Core 60/40 Balanced | Reduce -3.5% | 1.06% | −0.05 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -4.4% | 3.25% | −0.04 |
| PRF Invesco Rafi US 1000 ETF | Reduce -9.8% | 0.36% | −0.03 |
| SCHV Schwab US Large-Cap Value | Reduce -47.5% | 0.03% | −0.03 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.1% | 0.60% | −0.02 |
| INTU Intuit Inc. | Reduce -1.1% | 0.10% | −0.02 |
| CARR Carrier Global Corp. | Reduce -0.3% | 0.07% | −0.02 |
| ELV Elevance Health Inc. | Reduce -7.6% | 0.05% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Reduce -2.8% | 3.88% | −0.02 |
| MSFT Microsoft Corp. | Reduce -3.5% | 0.37% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -5.9% | 0.13% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -6.4% | 0.13% | −0.02 |
| SPMB SS SPDR P Mort Back Bond ETF | Reduce -5.7% | 0.16% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -7.1% | 0.08% | −0.01 |
| FLGB Franklin Ftse United Kingdom | Reduce -50.0% | 0.01% | −0.01 |
| NFLX Netflix Inc. | Reduce -5.0% | 0.06% | −0.01 |
| USHY iShares Broad Usd High Yield | Sold out | 0.00% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -80.2% | 0.00% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -44.4% | 0.01% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -1.3% | 0.07% | −0.01 |
| V Visa Inc. Class A | Reduce -3.9% | 0.07% | −0.01 |
| SHE SS SPDR MSCI U Gend Div ETF | Reduce -3.3% | 0.13% | −0.01 |
| CPA Copa Holdings SA Class A | Reduce -50.9% | 0.01% | −0.01 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -43.7% | 0.01% | −0.01 |
| KO The Coca-Cola Co. | Reduce -11.9% | 0.03% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -25.9% | 0.01% | −0.01 |
| ABT Abbott Laboratories | Reduce -5.6% | 0.06% | −0.01 |
| ESGV Vanguard ESG US Stock ETF | Reduce -4.6% | 0.35% | −0.01 |
| SBUX Starbucks Corp. | Reduce -8.3% | 0.03% | −0.01 |
| XLI SS Industrial Select Sector | Reduce -65.0% | 0.00% | −0.01 |
| VIS Vanguard Industrials ETF | Sold out | 0.00% | −0.01 |
| ACN Accenture PLC Class A | Reduce -42.7% | 0.01% | −0.01 |
| SUSA iShares ESG Optimized MSCI U | Reduce -18.3% | 0.03% | −0.01 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.01 |
| KNTK Kinetik Holdings Inc. | Sold out | 0.00% | −0.01 |
| ADBE Adobe Inc. | Reduce -22.0% | 0.01% | −0.01 |
| SPOT Spotify Technology SA | Reduce -10.9% | 0.02% | −0.01 |
| PFE Pfizer Inc. | Reduce -27.6% | 0.01% | −0.01 |
| SYK Stryker Corp. | Reduce -1.1% | 0.04% | −0.01 |
| GWW WW Grainger Inc. | Reduce -2.7% | 0.03% | −0.01 |
| WMT Walmart Inc. | Reduce -19.3% | 0.02% | −0.01 |
| T AT&T Inc. | Reduce -13.4% | 0.02% | −0.01 |
| ESGU iShares ESG Aware MSCI USA | Reduce -5.7% | 0.13% | −0.00 |
| CVS CVS Health Corp. | Reduce -58.2% | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| TLT iShares 20+ Year Treasury BD | Add +7.3% | 6.06% | +0.19 |
| IEMG iShares Core MSCI Emerging | Add +5.0% | 1.65% | +0.14 |
| WTW Willis Towers Watson PLC | Add +2932.8% | 0.10% | +0.10 |
| MUNY Vanguard NY Tax-Ex Bond | New | 0.08% | +0.08 |
| VMBS Vanguard Mortgage-Backed Sec | Add +4.9% | 7.68% | +0.08 |
| QUAL iShares MSCI USA Quality Fac | Add +1.7% | 2.61% | +0.07 |
| GSSC Goldman Sachs Activebeta US | Add +1.9% | 1.21% | +0.06 |
| CMF iShares California Muni Bond | Add +31.0% | 0.23% | +0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.1% | 3.09% | +0.04 |
| IVLU iShares MSCI International V | Add +8.8% | 0.40% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +162.4% | 0.06% | +0.04 |
| SCHC Schwab Intl Small-Cap Equity | Add +1.9% | 0.78% | +0.03 |
| ISCF iShares International Small | Add +2.3% | 0.80% | +0.02 |
| TRGP Targa Resources Corp. | Add +1464.7% | 0.02% | +0.02 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +62.8% | 0.05% | +0.02 |
| RTX RTX Corp. | Add +0.1% | 0.20% | +0.02 |
| TDTF NT Iboxx 5Y Dur Tips ETF | Add +16.6% | 0.14% | +0.01 |
| TRSY Xtrackers US 0-1 YR Treasury | New | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +19.3% | 0.07% | +0.01 |
| AVGO Broadcom Inc. | Add +1.9% | 0.09% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +6.3% | 0.20% | +0.01 |
| IMTM iShares MSCI Intl Momentum F | Add +9.4% | 0.14% | +0.01 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.01% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +0.1% | 0.41% | +0.01 |
| CVX Chevron Corp. | Add +2.5% | 0.19% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +77.9% | 0.02% | +0.01 |
| PSKY Paramount Skydance Class B | New | 0.01% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +165.7% | 0.01% | +0.01 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.01% | +0.01 |
| SLV iShares Silver Trust | Add +6.6% | 0.03% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +8.8% | 0.06% | +0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.1% | 0.23% | +0.01 |
| BNY Bank of New York Mellon Corp. | Add +0.2% | 0.05% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +19.9% | 0.03% | +0.01 |
| IXUS iShares Core Intl Stock ETF | New | 0.01% | +0.01 |
| HOOD Robinhood Markets Inc. Class A | Add +2.5% | 0.01% | +0.00 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +136.0% | 0.01% | +0.00 |
| CUZ Cousins Properties Inc. | Add +2539.5% | 0.00% | +0.00 |
| HIW Highwoods Properties Inc. | Add +921.4% | 0.00% | +0.00 |
| VLUE iShares MSCI USA Value Facto | Add +0.5% | 0.07% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +0.4% | 0.10% | +0.00 |
| TSM Taiwan Semiconductor-SP ADR | Add +19.7% | 0.01% | +0.00 |
| SLGN Silgan Holdings Inc. | New | 0.00% | +0.00 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | Add +9.6% | 0.07% | +0.00 |
| NTB Bank of N.T. Butterfield&son | Add +284.4% | 0.00% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +2.5% | 0.07% | +0.00 |
| ARKK ARK Innovation ETF | New | 0.00% | +0.00 |
| HD Home Depot Inc. | Add +4.4% | 0.03% | +0.00 |
| TJX TJX Companies Inc. | Add +6.4% | 0.02% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +3.5% | 0.02% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,820 | $680.8M | FNDX, GBIL, VMBS, TDTT, TLT |
| Q1 2026 | 1,860 | $639.2M | GBIL, FNDX, VMBS, TDTT, TLT |
| Q4 2025 | 1,802 | $632.3M | GBIL, FNDX, VMBS, TDTT, TLT |
| Q3 2025 | 1,876 | $611.9M | GBIL, FNDX, VMBS, TDTT, TLT |
| Q2 2025 | 1,879 | $581.6M | GBIL, FNDX, VMBS, TDTT, TLT |
| Q1 2025 | 1,904 | $541.2M | GBIL, FNDX, TDTT, VMBS, TLT |
| Q4 2024 | 1,900 | $535.2M | GBIL, FNDX, TDTT, VMBS, TLT |
| Q3 2024 | 1,878 | $545.2M | GBIL, FNDX, TDTT, VMBS, TLT |
| Q2 2024 | 1,943 | $509.4M | GBIL, FNDX, TDTT, VMBS, TLT |
| Q1 2024 | 1,909 | $511.7M | GBIL, FNDX, TDTT, VMBS, TLT |