Bell Investment Advisors, Inc
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 24, 2026), Bell Investment Advisors, Inc reported 1,802 stock positions worth $632.3 million. Its top holding was Goldman Sachs Access Treasur (GBIL) at 10.0% of the portfolio, followed by Schwab Fndmntl US LRG Co. ETF (FNDX, 8.7%) and Vanguard Mortgage-Backed Sec (VMBS, 7.7%). Compared with Q3 2025, it opened 93 new positions, sold out of 170, added to 671 and reduced 496. The biggest buy was a new position in iShares Ibonds Dec 2035 TT (IBTQ) and the biggest sale iShares MSCI USA Momentum Fa (MTUM, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- ORINDA, CA
- CIK
- 0001890149
- Portfolio Value
- $632.3M (Q4 2025)
- SEC Filing
- 0001890149-26-000001 ↗ filed Feb 24, 2026
Holdings Value
Holdings 1,802 stocks · $632.3M
| GBIL Goldman Sachs Access Treasur | 10.00% | 632,985 | $63.3M | Add +4.9% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 8.66% | 2,013,483 | $54.8M | Reduce -2.4% |
| VMBS Vanguard Mortgage-Backed Sec | 7.74% | 1,038,999 | $48.9M | Add +3.8% |
| TDTT NT Iboxx 3Y Dur Tips ETF | 7.43% | 1,953,181 | $47.0M | Add +3.5% |
| TLT iShares 20+ Year Treasury BD | 5.93% | 430,551 | $37.5M | Add +3.7% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 4.90% | 685,355 | $31.0M | Add +1.7% |
| SCHX Schwab US Large-Cap ETF | 3.78% | 887,608 | $23.9M | Reduce -1.6% |
| MTUM iShares MSCI USA Momentum Fa | 3.65% | 92,299 | $23.1M | Reduce -2.3% |
| FNDA Schwab Fndmntl US SM Co. ETF | 3.17% | 635,328 | $20.0M | Reduce -0.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 3.09% | 102,294 | $19.5M | Add +1.0% |
| QUAL iShares MSCI USA Quality Fac | 2.59% | 82,549 | $16.4M | Add +0.4% |
| SCHF Schwab Intl Equity ETF | 2.17% | 571,232 | $13.7M | Add +4.5% |
| SPLV Invesco S&P 500 Low Volatili | 1.84% | 162,975 | $11.6M | Reduce -0.6% |
| IEMG iShares Core MSCI Emerging | 1.66% | 155,737 | $10.5M | Add +1.9% |
| SCHD Schwab US DVD Equity ETF | 1.57% | 361,691 | $9.9M | Add +3.0% |
| IQLT iShares MSCI International Q | 1.51% | 209,644 | $9.5M | Reduce -4.6% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 1.24% | 216,567 | $7.8M | Add +2.3% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 1.19% | 169,608 | $7.6M | Add +2.1% |
| IJR iShares Core S&P Small-Cap E | 1.17% | 61,301 | $7.4M | Reduce -2.1% |
| SCHA Schwab US Small-Cap ETF | 1.11% | 246,052 | $7.0M | Reduce -1.0% |
| GSSC Goldman Sachs Activebeta US | 1.07% | 89,472 | $6.8M | Reduce -9.3% |
| AAPL Apple Inc. | 1.06% | 24,700 | $6.7M | Reduce -11.3% |
| IDLV Invesco S&P International DE | 1.04% | 193,895 | $6.6M | Reduce -4.7% |
| VGLT Vanguard Long-Term Treasury | 1.03% | 116,930 | $6.5M | Add +7.4% |
| AOR iShares Core 60/40 Balanced | 0.93% | 90,676 | $5.9M | Reduce -10.2% |
| SCHC Schwab Intl Small-Cap Equity | 0.75% | 104,719 | $4.8M | Add +0.2% |
| ISCF iShares International Small | 0.73% | 111,594 | $4.6M | Reduce -5.9% |
| VTEC Vanguard Ca Tax-Ex Bond | 0.72% | 45,172 | $4.5M | Add +38.1% |
| GOOG Alphabet Inc. Class C | 0.68% | 13,633 | $4.3M | Reduce -1.5% |
| VIG Vanguard Dividend Apprec ETF | 0.67% | 19,165 | $4.2M | Reduce -0.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.58% | 39,024 | $3.7M | Add +1.6% |
| IVLU iShares MSCI International V | 0.55% | 91,695 | $3.5M | Add +32.5% |
| STIP iShares 0-5 Year Tips Bond E | 0.53% | 33,026 | $3.4M | Add +48.8% |
| GOOGL Alphabet Inc. Class A | 0.50% | 10,166 | $3.2M | Add +11.4% |
| NVDA Nvidia Corp. | 0.46% | 15,684 | $2.9M | Add +11.2% |
| IBTQ iShares Ibonds Dec 2035 TT | 0.42% | 104,891 | $2.7M | New |
| VOO Vanguard S&P 500 ETF | 0.40% | 4,073 | $2.6M | Reduce -0.7% |
| PRF Invesco Rafi US 1000 ETF | 0.36% | 48,247 | $2.3M | Reduce -2.2% |
| ESGV Vanguard ESG US Stock ETF | 0.34% | 17,974 | $2.2M | Reduce -0.3% |
| MSFT Microsoft Corp. | 0.33% | 4,369 | $2.1M | Reduce -0.3% |
| BND Vanguard Total Bond Market | 0.28% | 24,117 | $1.8M | Add +17.2% |
| VSGX Vanguard ESG Intl Stock ETF | 0.28% | 24,304 | $1.7M | Add +0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 2,532 | $1.7M | Reduce -4.4% |
| CMF iShares California Muni Bond | 0.27% | 29,901 | $1.7M | Add +21.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.26% | 50,414 | $1.7M | Reduce -0.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.26% | 6,362 | $1.6M | Add +0.1% |
| VSS Vanguard Ftse All Wo X-US SC | 0.25% | 11,187 | $1.6M | Add +1.9% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.25% | 34,426 | $1.6M | Reduce -0.1% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.25% | 18,031 | $1.6M | Reduce -0.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.21% | 4,310 | $1.4M | Reduce -5.0% |
| ESML iShares ESG Aware MSCI USA S | 0.21% | 28,885 | $1.3M | Add +1.0% |
| RTX RTX Corp. | 0.21% | 7,111 | $1.3M | Reduce -0.4% |
| VEA Vanguard Ftse Developed ETF | 0.20% | 20,532 | $1.3M | Reduce -1.7% |
| CVX Chevron Corp. | 0.18% | 7,427 | $1.1M | Reduce -0.2% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.18% | 19,750 | $1.1M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 0.16% | 4,366 | $1.0M | Add +18.1% |
| IMTM iShares MSCI Intl Momentum F | 0.15% | 20,334 | $975K | Add +13.2% |
| SPMB SS SPDR P Mort Back Bond ETF | 0.15% | 42,897 | $962K | Reduce -2.3% |
| TDTF NT Iboxx 5Y Dur Tips ETF | 0.14% | 36,552 | $876K | Add +1.4% |
| SHE SS SPDR MSCI U Gend Div ETF | 0.13% | 6,459 | $853K | Add +0.3% |
| SCHR Schwab Intermediate-Term US | 0.13% | 33,602 | $843K | Add +16.6% |
| ESGD iShares Trust iShares ESG Aw | 0.13% | 8,744 | $831K | Add +0.3% |
| ESGU iShares ESG Aware MSCI USA | 0.13% | 5,546 | $826K | Reduce -0.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.12% | 1,236 | $759K | Reduce -2.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.12% | 1 | $755K | No change |
| AVGO Broadcom Inc. | 0.12% | 2,117 | $733K | Add +29.2% |
| JPM JPMorgan Chase & Co. | 0.11% | 2,174 | $701K | Add +9.4% |
| META Meta Platforms Inc. Class A | 0.11% | 1,013 | $669K | Reduce -9.2% |
| ABBV Abbvie Inc. | 0.10% | 2,887 | $660K | Add +0.0% |
| INTU Intuit Inc. | 0.10% | 962 | $637K | Add +4.0% |
| ESGE iShares Inc. iShares ESG Awar | 0.09% | 13,256 | $585K | Reduce -0.3% |
| WTW Willis Towers Watson PLC | 0.09% | 1,756 | $577K | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 0.09% | 4,698 | $565K | Reduce -4.1% |
| A Agilent Technologies Inc. | 0.09% | 4,153 | $565K | Add +0.7% |
| DFAC Dimensional US Core Equity 2 | 0.08% | 13,196 | $522K | Reduce -16.4% |
| MMM 3M Co. | 0.08% | 3,171 | $508K | Add +1.3% |
| VLUE iShares MSCI USA Value Facto | 0.08% | 3,686 | $504K | Add +0.6% |
| TSLA Tesla Inc. | 0.08% | 1,086 | $488K | Reduce -6.9% |
| MUNY Vanguard NY Tax-Ex Bond | 0.08% | 4,720 | $487K | Add +2.1% |
| MBB iShares MBS ETF | 0.08% | 5,032 | $479K | Add +1.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.07% | 2,160 | $457K | Add +0.4% |
| PG The Procter & Gamble Co. | 0.07% | 3,144 | $451K | Reduce -4.5% |
| LLY Eli Lilly & Co. | 0.07% | 411 | $442K | Add +22.3% |
| CALI Ishrs SH-TRM Ca Muni Act ETF | 0.07% | 8,670 | $437K | Add +1.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 1,301 | $436K | Add +0.1% |
| KEYS Keysight Technologies Inc. | 0.07% | 2,089 | $424K | Add +3.6% |
| V Visa Inc. Class A | 0.06% | 1,131 | $397K | Reduce -5.0% |
| SMH Vaneck Semiconductor ETF | 0.06% | 1,101 | $397K | Reduce -2.8% |
| VWO Vanguard Ftse Emerging Marke | 0.06% | 7,247 | $390K | Add +0.6% |
| COST Costco Wholesale Corp. | 0.06% | 439 | $379K | Reduce -2.7% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.06% | 4,172 | $376K | Add +1.0% |
| XLK SS Technology Select Sector | 0.06% | 2,558 | $368K | Reduce -28.1% |
| CARR Carrier Global Corp. | 0.06% | 6,795 | $359K | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.06% | 516 | $353K | Reduce -13.0% |
| GLDM SPDR Gold Minishares Trust | 0.05% | 3,985 | $340K | No change |
| ELV Elevance Health Inc. | 0.05% | 923 | $323K | Reduce -2.0% |
| IDEV iShares Core MSCI Dev MKTS | 0.05% | 3,901 | $322K | Add +1.2% |
| JNJ Johnson & Johnson | 0.05% | 1,477 | $306K | Add +7.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.05% | 6,003 | $302K | Add +1.1% |
| SLV iShares Silver Trust | 0.05% | 4,675 | $301K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| MTUM iShares MSCI USA Momentum Fa | Reduce -2.3% | 3.65% | −0.30 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -2.4% | 8.66% | −0.20 |
| GSSC Goldman Sachs Activebeta US | Reduce -9.3% | 1.07% | −0.14 |
| AOR iShares Core 60/40 Balanced | Reduce -10.2% | 0.93% | −0.13 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -0.6% | 1.84% | −0.13 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.6% | 3.78% | −0.10 |
| AAPL Apple Inc. | Reduce -11.3% | 1.06% | −0.10 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -0.3% | 3.17% | −0.08 |
| IQLT iShares MSCI International Q | Reduce -4.6% | 1.51% | −0.08 |
| IDLV Invesco S&P International DE | Reduce -4.7% | 1.04% | −0.07 |
| ISCF iShares International Small | Reduce -5.9% | 0.73% | −0.06 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.1% | 1.17% | −0.05 |
| MSFT Microsoft Corp. | Reduce -0.3% | 0.33% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -9.2% | 0.11% | −0.03 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.0% | 1.11% | −0.02 |
| XLK SS Technology Select Sector | Reduce -28.1% | 0.06% | −0.02 |
| DFAC Dimensional US Core Equity 2 | Reduce -16.4% | 0.08% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.4% | 0.27% | −0.02 |
| NFLX Netflix Inc. | Reduce -3.4% | 0.04% | −0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -0.3% | 0.26% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -5.0% | 0.21% | −0.01 |
| ABT Abbott Laboratories | Reduce -14.1% | 0.04% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.4% | 0.67% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -27.8% | 0.04% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -4.5% | 0.07% | −0.01 |
| CVX Chevron Corp. | Reduce -0.2% | 0.18% | −0.01 |
| CARR Carrier Global Corp. | Reduce -0.1% | 0.06% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -13.0% | 0.06% | −0.01 |
| SPMB SS SPDR P Mort Back Bond ETF | Reduce -2.3% | 0.15% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -2.7% | 0.06% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -38.2% | 0.01% | −0.01 |
| SCHG Schwab US Large-Cap Growth | Reduce -22.9% | 0.03% | −0.01 |
| ZTS Zoetis Inc. | Reduce -86.6% | 0.00% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.01 |
| WTW Willis Towers Watson PLC | Reduce -0.2% | 0.09% | −0.01 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Sold out | 0.00% | −0.01 |
| TSLA Tesla Inc. | Reduce -6.9% | 0.08% | −0.01 |
| ITW Illinois Tool Works | Reduce -5.6% | 0.04% | −0.01 |
| PRF Invesco Rafi US 1000 ETF | Reduce -2.2% | 0.36% | −0.01 |
| TSCO Tractor Supply Company | Reduce -1.6% | 0.03% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -0.7% | 0.40% | −0.01 |
| GLNG Golar LNG Ltd. | Reduce -64.9% | 0.00% | −0.01 |
| OTIS Otis Worldwide Corp. | Reduce -4.1% | 0.05% | −0.01 |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | Reduce -0.1% | 0.25% | −0.01 |
| SYY Sysco Corp. | Reduce -16.5% | 0.02% | −0.01 |
| SPHY SS SPDR P High Yield ETF | Reduce -96.6% | 0.00% | −0.01 |
| IXUS iShares Core Intl Stock ETF | Sold out | 0.00% | −0.01 |
| ESGV Vanguard ESG US Stock ETF | Reduce -0.3% | 0.34% | −0.01 |
| VGT Vanguard Info Tech ETF | Reduce -39.8% | 0.01% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -29.7% | 0.01% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| IBTQ iShares Ibonds Dec 2035 TT | New | 0.42% | +0.42 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +38.1% | 0.72% | +0.18 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +1.7% | 4.90% | +0.17 |
| STIP iShares 0-5 Year Tips Bond E | Add +48.8% | 0.53% | +0.16 |
| IVLU iShares MSCI International V | Add +32.5% | 0.55% | +0.15 |
| GOOGL Alphabet Inc. Class A | Add +11.4% | 0.50% | +0.14 |
| GBIL Goldman Sachs Access Treasur | Add +4.9% | 10.00% | +0.12 |
| SCHF Schwab Intl Equity ETF | Add +4.5% | 2.17% | +0.09 |
| VMBS Vanguard Mortgage-Backed Sec | Add +3.8% | 7.74% | +0.05 |
| CMF iShares California Muni Bond | Add +21.6% | 0.27% | +0.04 |
| NVDA Nvidia Corp. | Add +11.2% | 0.46% | +0.03 |
| BND Vanguard Total Bond Market | Add +17.2% | 0.28% | +0.03 |
| LLY Eli Lilly & Co. | Add +22.3% | 0.07% | +0.03 |
| AVGO Broadcom Inc. | Add +29.2% | 0.12% | +0.03 |
| AMZN Amazon.com Inc. | Add +18.1% | 0.16% | +0.03 |
| VGLT Vanguard Long-Term Treasury | Add +7.4% | 1.03% | +0.02 |
| SCHR Schwab Intermediate-Term US | Add +16.6% | 0.13% | +0.01 |
| DIS The Walt Disney Co. | Add +247.0% | 0.02% | +0.01 |
| IMTM iShares MSCI Intl Momentum F | Add +13.2% | 0.15% | +0.01 |
| MU Micron Technology Inc. | Add +22.2% | 0.02% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +1.9% | 1.66% | +0.01 |
| KEYS Keysight Technologies Inc. | Add +3.6% | 0.07% | +0.01 |
| CAT Caterpillar Inc. | Add +12.0% | 0.04% | +0.01 |
| CSCO Cisco Systems Inc. | Add +24.9% | 0.03% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +9.4% | 0.11% | +0.01 |
| AMD Advanced Micro Devices | Add +1.4% | 0.03% | +0.01 |
| JNJ Johnson & Johnson | Add +7.7% | 0.05% | +0.01 |
| LRCX Lam Research Corp. | Add +32.5% | 0.02% | +0.01 |
| AMAT Applied Materials Inc. | Add +12.0% | 0.02% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +11.7% | 0.04% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +28.0% | 0.02% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +15.7% | 0.02% | +0.01 |
| COO The Cooper Cos Inc. | Add +86.6% | 0.01% | +0.01 |
| BAC Bank of America Corp. | Add +27.2% | 0.02% | +0.01 |
| VLUE iShares MSCI USA Value Facto | Add +0.6% | 0.08% | +0.00 |
| VZ Verizon Communications Inc. | Add +51.7% | 0.02% | +0.00 |
| ACN Accenture PLC Class A | Add +76.1% | 0.01% | +0.00 |
| C Citigroup Inc. | Add +9.3% | 0.03% | +0.00 |
| COF Capital One Financial Corp. | Add +49.0% | 0.01% | +0.00 |
| EXPD Expeditors Intl Wash Inc. | Add +1.0% | 0.03% | +0.00 |
| CHT Chunghwa Telecom LT-Spon ADR | Add +148.5% | 0.01% | +0.00 |
| CMI Cummins Inc. | Add +5.4% | 0.02% | +0.00 |
| SGOV iShares 0-3 Month Treasury B | Add +523.5% | 0.01% | +0.00 |
| CB Chubb Ltd. | Add +26.7% | 0.02% | +0.00 |
| APH Amphenol Corp. Class A | Add +38.9% | 0.01% | +0.00 |
| MICC The Magnum Ice Cream Co. NV | Add +4915.4% | 0.00% | +0.00 |
| AMGN Amgen Inc. | Add +17.8% | 0.02% | +0.00 |
| ADI Analog Devices Inc. | Add +16.3% | 0.02% | +0.00 |
| VSXY Victoria's Secret & Co. | Add +90.5% | 0.01% | +0.00 |
| ASX Ase Technology Holding -ADR | Add +193.9% | 0.00% | +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 |