Bremer Bank National Association

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), Bremer Bank National Association reported 176 stock positions worth $561.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.4% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 5.5%) and iShares MSCI Acwi ETF (ACWI, 4.0%). Compared with Q4 2024, it opened 18 new positions, sold out of 7, added to 75 and reduced 41. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +66%) and the biggest sale Nvidia (NVDA, shares −2%).

Most Recent 13F
Q1 2025
Location
ST PAUL, MN
CIK
0001775321
Portfolio Value
$561.6M (Q1 2025)
SEC Filing
0000950123-25-003431 ↗ filed Apr 10, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $539.9M Q1 2024 Q2 2024: $512.2M Q2 2024 Q3 2024: $530.2M Q3 2024 Q4 2024: $505.5M Q4 2024 Q1 2025: $561.6M $561.6M Q1 2025

Holdings 176 stocks · $561.6M
SPY SS SPDR S&P 500 ETF Trust-US 9.43% 94,643 $52.9M Add +65.7%
AGG iShares Core U.S. Aggregate 5.54% 314,328 $31.1M Add +0.8%
ACWI iShares MSCI Acwi ETF 4.01% 193,622 $22.5M No change
AAPL Apple Inc. 3.39% 85,676 $19.0M Add +6.0%
NVDA Nvidia Corp. 2.50% 129,415 $14.0M Reduce -2.4%
IVV iShares Core S&P 500 ETF 2.07% 20,665 $11.6M Reduce -1.7%
IWM iShares Russell 2000 ETF 1.97% 55,521 $11.1M Add +0.9%
LLY Eli Lilly & Co. 1.96% 13,339 $11.0M Add +4.3%
VGIT Vanguard Intermediate-Term T 1.92% 181,149 $10.8M No change
TSM Taiwan Semiconductor-SP ADR 1.77% 59,832 $9.9M Add +3.4%
IJH iShares Core S&P Midcap ETF 1.76% 169,813 $9.9M Add +4.6%
MSFT Microsoft Corp. 1.71% 25,561 $9.6M Add +4.5%
NFLX Netflix Inc. 1.69% 10,158 $9.5M Add +3.7%
IWB iShares Russell 1000 ETF 1.64% 30,091 $9.2M New
EWW iShares MSCI Mexico ETF 1.64% 180,407 $9.2M No change
IEFA iShares Core MSCI Eafe ETF 1.57% 116,403 $8.8M Reduce -0.8%
IDEV iShares Core MSCI Dev MKTS 1.43% 116,913 $8.1M Reduce -5.0%
CMG Chipotle Mexican Grill Inc. 1.43% 160,128 $8.0M Add +7.9%
TMUS T-Mobile US Inc. 1.43% 30,069 $8.0M Add +6.8%
AMP Ameriprise Financial Inc. 1.40% 16,224 $7.9M Add +5.8%
VOO Vanguard S&P 500 ETF 1.39% 15,205 $7.8M No change
COST Costco Wholesale Corp. 1.38% 8,206 $7.8M Add +9.4%
VYM Vanguard High DVD Yield ETF 1.37% 59,633 $7.7M No change
ANET Arista Networks Inc. 1.33% 96,698 $7.5M New
META Meta Platforms Inc. Class A 1.22% 11,872 $6.8M Add +8.5%
TT Trane Technologies PLC 1.21% 20,173 $6.8M Add +7.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.18% 26,727 $6.6M Add +11.4%
BX Blackstone Inc. 1.14% 45,717 $6.4M Add +6.0%
AXP American Express Co. 1.13% 23,558 $6.3M Add +4.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.12% 14,934 $6.3M No change
ORCL Oracle Corp. 1.09% 43,616 $6.1M Add +934.3%
GEHC GE Healthcare Technology 1.06% 73,940 $6.0M Add +15.8%
DKS Dick's Sporting Goods Inc. 1.05% 29,360 $5.9M Add +11.2%
PG The Procter & Gamble Co. 0.97% 32,044 $5.5M Add +9.2%
IJR iShares Core S&P Small-Cap E 0.95% 51,036 $5.3M Add +7.0%
PWR Quanta Services Inc. 0.94% 20,854 $5.3M Add +8.6%
ZTS Zoetis Inc. 0.94% 32,120 $5.3M New
MA Mastercard Inc. Class A 0.94% 9,642 $5.3M Add +6.5%
KR Kroger Co. 0.92% 76,667 $5.2M Add +8.6%
XLB SS Materials Select Sector 0.90% 58,602 $5.0M New
XLI SS Industrial Select Sector 0.90% 38,413 $5.0M New
PSX Phillips 66 0.89% 40,553 $5.0M Add +9.7%
SO The Southern Co. 0.86% 52,595 $4.8M Add +7.4%
SHEL Shell PLC-ADR 0.85% 64,926 $4.8M Add +6.2%
SOXX iShares Semiconductor ETF 0.84% 25,166 $4.7M New
LULU Lululemon Athletica Inc. 0.83% 16,375 $4.6M Add +13.1%
DD Dupont DE Nemours Inc. 0.82% 61,855 $4.6M Add +5.9%
XBI SS SPDR S&P Biotech ETF 0.81% 56,179 $4.6M No change
FIS Fidelity National Info Serv 0.80% 60,424 $4.5M Add +8.1%
UNP Union Pacific Corp. 0.79% 18,731 $4.4M Add +9.7%
AMGN Amgen Inc. 0.76% 13,633 $4.2M Add +8.8%
WCLD Wisdomtree Cloud Computing 0.75% 129,055 $4.2M No change
NXPI NXP Semiconductors NV 0.70% 20,638 $3.9M Add +8.8%
DGX Quest Diagnostics Inc. 0.70% 23,161 $3.9M New
JPM JPMorgan Chase & Co. 0.65% 14,873 $3.6M Add +0.5%
VYMI Vanguard Int High DVD YLD Inc. 0.63% 48,343 $3.6M Add +1324.8%
J Jacobs Solutions Inc. 0.62% 28,964 $3.5M Add +8.3%
TOL Toll Brothers Inc. 0.58% 31,008 $3.3M Add +7.1%
AVB Avalonbay Communities Inc. 0.56% 14,561 $3.1M Add +7.2%
IEMG iShares Core MSCI Emerging 0.45% 46,624 $2.5M Add +1.4%
GOOG Alphabet Inc. Class C 0.44% 15,694 $2.5M Add +1.9%
CATH Global X S&P 500 Ca Val ETF 0.43% 35,974 $2.4M Add +1.1%
BRK.A Berkshire Hathaway Inc. Class A 0.43% 3 $2.4M No change
IWR iShares Russell Mid-Cap ETF 0.41% 26,848 $2.3M Add +18.1%
AMZN Amazon.com Inc. 0.39% 11,437 $2.2M Add +2.6%
EFA iShares MSCI Eafe ETF 0.38% 26,059 $2.1M Reduce -2.8%
EEM iShares MSCI Emerging Market 0.38% 48,388 $2.1M Reduce -1.8%
BRK.B Berkshire Hathaway Inc. Class B 0.37% 3,861 $2.1M Add +0.3%
GOOGL Alphabet Inc. Class A 0.35% 12,619 $2.0M Add +5.1%
HD Home Depot Inc. 0.28% 4,315 $1.6M Add +0.2%
NVR NVR Inc. 0.26% 203 $1.5M No change
TMO Thermo Fisher Scientific Inc. 0.24% 2,718 $1.4M Add +5.3%
UNH Unitedhealth Group Inc. 0.23% 2,430 $1.3M Add +11.5%
CSCO Cisco Systems Inc. 0.20% 18,070 $1.1M Reduce -2.8%
IJJ iShares S&P Mid-Cap 400 Valu 0.19% 8,962 $1.1M Add +4.3%
ABT Abbott Laboratories 0.18% 7,660 $1.0M Reduce -3.8%
MDY State Street SPDR S&P Midcap 0.18% 1,858 $991K No change
V Visa Inc. Class A 0.16% 2,576 $903K Add +4.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.15% 4,984 $861K No change
AVGO Broadcom Inc. 0.15% 5,006 $838K Add +45.3%
ELV Elevance Health Inc. 0.14% 1,788 $778K Reduce -3.0%
MCD McDonald's Corp. 0.13% 2,401 $750K Reduce -0.3%
ON On Semiconductor 0.13% 18,358 $747K Reduce -1.4%
VCSH Vanguard S/T Corp. Bond ETF 0.13% 9,185 $725K Reduce -15.6%
DE Deere & Co. 0.13% 1,528 $717K Reduce -14.6%
URI United Rentals Inc. 0.13% 1,138 $713K Add +0.2%
WFC Wells Fargo & Co. 0.13% 9,830 $706K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.12% 8,892 $701K Reduce -8.8%
IWF iShares Russell 1000 Growth 0.12% 1,909 $689K No change
WMT Walmart Inc. 0.12% 7,756 $681K Reduce -1.3%
IAGG iShares Intl Aggregate Bond 0.12% 13,581 $679K Add +5.4%
HON Honeywell International Inc. 0.12% 3,189 $675K Add +5.8%
OTTR Otter Tail Corp. 0.12% 8,384 $674K No change
ABBV Abbvie Inc. 0.12% 3,200 $670K Reduce -1.8%
BKNG Booking Holdings Inc. 0.12% 141 $650K No change
ESGV Vanguard ESG US Stock ETF 0.11% 6,482 $635K No change
GS Goldman Sachs Group Inc. 0.11% 1,130 $617K Add +0.3%
BLK BlackRock Inc. 0.11% 651 $616K New
MRK Merck & Co. Inc. 0.11% 6,850 $615K Reduce -86.8%
CSR Centerspace 0.10% 8,923 $578K No change

Show all 176 holdings

Portfolio Sells Q4 2024 → Q1 2025
NVDA Nvidia Corp. Reduce -2.4% 2.50% −1.02
MRK Merck & Co. Inc. Reduce -86.8% 0.11% −0.91
MAR Marriott International Class A Sold out 0.00% −0.90
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.84
IVV iShares Core S&P 500 ETF Reduce -1.7% 2.07% −0.38
IDEV iShares Core MSCI Dev MKTS Reduce -5.0% 1.43% −0.13
BIV Vanguard Intermediate-Term B Sold out 0.00% −0.13
ON On Semiconductor Reduce -1.4% 0.13% −0.10
MCK McKesson Corp. Reduce -67.5% 0.04% −0.07
VMBS Vanguard Mortgage-Backed Sec Sold out 0.00% −0.07
IEFA iShares Core MSCI Eafe ETF Reduce -0.8% 1.57% −0.06
TSLA Tesla Inc. Sold out 0.00% −0.05
CMI Cummins Inc. Sold out 0.00% −0.04
ADBE Adobe Inc. Reduce -13.4% 0.08% −0.04
ALL Allstate Corp. Sold out 0.00% −0.04
VCSH Vanguard S/T Corp. Bond ETF Reduce -15.6% 0.13% −0.04
TGT Target Corp. Reduce -0.1% 0.08% −0.03
DSI iShares ESG MSCI KLD 400 ETF Reduce -14.0% 0.09% −0.03
EEM iShares MSCI Emerging Market Reduce -1.8% 0.38% −0.03
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -8.8% 0.12% −0.03
PYPL PayPal Holdings Inc. Reduce -6.0% 0.04% −0.02
NKE Nike Inc. Class B Reduce -5.0% 0.06% −0.02
DE Deere & Co. Reduce -14.6% 0.13% −0.02
GWW WW Grainger Inc. Reduce -6.5% 0.08% −0.02
EFA iShares MSCI Eafe ETF Reduce -2.8% 0.38% −0.02
WMT Walmart Inc. Reduce -1.3% 0.12% −0.02
CSCO Cisco Systems Inc. Reduce -2.8% 0.20% −0.02
ACN Accenture PLC Class A Reduce -7.5% 0.04% −0.02
AMAT Applied Materials Inc. Reduce -1.6% 0.05% −0.01
CMCSA Comcast Corp. Class A Reduce -1.6% 0.08% −0.01
NEE Nextera Energy Inc. Reduce -4.1% 0.07% −0.01
TEL Te Connectivity PLC Reduce -11.0% 0.04% −0.01
DOV Dover Corp. Reduce -7.6% 0.04% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.8% 0.07% −0.01
PFE Pfizer Inc. Reduce -1.0% 0.06% −0.01
ISRG Intuitive Surgical Inc. Reduce -1.1% 0.05% −0.01
KO The Coca-Cola Co. Reduce -21.3% 0.04% −0.01
XOM Exxon Mobil Corp. Reduce -7.7% 0.08% −0.01
SYK Stryker Corp. Reduce -0.9% 0.07% −0.01
FFIV F5 Inc. Reduce -2.8% 0.07% −0.01
MCD McDonald's Corp. Reduce -0.3% 0.13% −0.00
EBAY eBay Inc. Reduce -4.2% 0.05% −0.00
CVX Chevron Corp. Reduce -5.9% 0.09% −0.00
MDLZ Mondelez International Inc. Class A Reduce -1.5% 0.05% +0.00
ABT Abbott Laboratories Reduce -3.8% 0.18% +0.00
AEP American Electric Power Reduce -0.5% 0.06% +0.00
ELV Elevance Health Inc. Reduce -3.0% 0.14% +0.00
ABBV Abbvie Inc. Reduce -1.8% 0.12% +0.00

Portfolio Buys Q4 2024 → Q1 2025
SPY SS SPDR S&P 500 ETF Trust-US Add +65.7% 9.43% +2.81
IWB iShares Russell 1000 ETF New 1.64% +1.64
ANET Arista Networks Inc. New 1.33% +1.33
ORCL Oracle Corp. Add +934.3% 1.09% +0.95
ZTS Zoetis Inc. New 0.94% +0.94
XLB SS Materials Select Sector New 0.90% +0.90
XLI SS Industrial Select Sector New 0.90% +0.90
SOXX iShares Semiconductor ETF New 0.84% +0.84
DGX Quest Diagnostics Inc. New 0.70% +0.70
VYMI Vanguard Int High DVD YLD Inc. Add +1324.8% 0.63% +0.59
TMUS T-Mobile US Inc. Add +6.8% 1.43% +0.20
IBM Intl Business Machines Corp. Add +11.4% 1.18% +0.14
AMGN Amgen Inc. Add +8.8% 0.76% +0.11
BLK BlackRock Inc. New 0.11% +0.11
SHEL Shell PLC-ADR Add +6.2% 0.85% +0.09
GEHC GE Healthcare Technology Add +15.8% 1.06% +0.08
KR Kroger Co. Add +8.6% 0.92% +0.07
VT Vanguard Tot World STK ETF New 0.07% +0.07
SO The Southern Co. Add +7.4% 0.86% +0.06
PSX Phillips 66 Add +9.7% 0.89% +0.06
MUB iShares National Muni Bond E New 0.05% +0.05
XLV SS Health Care Select Sector New 0.05% +0.05
IBB iShares Biotechnology ETF New 0.05% +0.05
DVY iShares Select Dividend ETF New 0.04% +0.04
XLK SS Technology Select Sector New 0.04% +0.04
TJX TJX Companies Inc. New 0.04% +0.04
COR Cencora Inc. New 0.04% +0.04
SLV iShares Silver Trust New 0.04% +0.04
BMY Bristol-Myers Squibb Co. New 0.04% +0.04
COST Costco Wholesale Corp. Add +9.4% 1.38% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +0.3% 0.37% +0.02
UNP Union Pacific Corp. Add +9.7% 0.79% +0.02
PM Philip Morris International Add +17.3% 0.06% +0.02
JNJ Johnson & Johnson Add +11.8% 0.09% +0.01
GLD SPDR Gold Shares Add +12.8% 0.06% +0.01
LLY Eli Lilly & Co. Add +4.3% 1.96% +0.01
IWR iShares Russell Mid-Cap ETF Add +18.1% 0.41% +0.01
UNH Unitedhealth Group Inc. Add +11.5% 0.23% +0.01
VTI VG Morningstar TS MKT ETF-US Add +41.4% 0.05% +0.01
LOW Lowe's Cos Inc. Add +32.5% 0.07% +0.01
V Visa Inc. Class A Add +4.6% 0.16% +0.01
INTU Intuit Inc. Add +24.4% 0.06% +0.01
ICF iShares Select U.S. REIT ETF Add +11.1% 0.08% +0.00
SCHW Schwab (charles) Corp. Add +8.2% 0.04% +0.00
USB US Bancorp Add +25.1% 0.09% −0.00
PG The Procter & Gamble Co. Add +9.2% 0.97% −0.00
MA Mastercard Inc. Class A Add +6.5% 0.94% −0.00
PEP Pepsico Inc. Add +5.5% 0.06% −0.00
NOW ServiceNow Inc. Add +31.8% 0.04% −0.00
EMB iShares JP Morgan Usd Emergi Add +2.5% 0.07% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2025 176$561.6MSPY, AGG, ACWI, AAPL, NVDA
Q4 2024 165$505.5MSPY, AGG, ACWI, AAPL, NVDA
Q3 2024 172$530.2MSPY, AGG, ACWI, AAPL, NVDA
Q2 2024 178$512.2MACWI, SPY, NVDA, AAPL, IVV
Q1 2024 188$539.9MACWI, SPY, NVDA, AAPL, KRE