Bremer Bank National Association

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 16, 2024), Bremer Bank National Association reported 178 stock positions worth $512.2 million. Its top holding was iShares MSCI Acwi ETF (ACWI) at 6.1% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 6.1%) and Nvidia (NVDA, 5.0%). Compared with Q1 2024, it opened 2 new positions, sold out of 13, added to 37 and reduced 106. The biggest buy was a new position in Dick's Sporting Goods (DKS) and the biggest sale iShares MSCI Acwi ETF (ACWI, shares −25%).

Most Recent 13F
Q1 2025
Location
ST PAUL, MN
CIK
0001775321
Portfolio Value
$512.2M (Q2 2024)
SEC Filing
0000950123-24-006601 ↗ filed Jul 16, 2024

Holdings Value

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

Holdings 178 stocks · $512.2M
ACWI iShares MSCI Acwi ETF 6.15% 280,030 $31.5M Reduce -24.6%
SPY SS SPDR S&P 500 ETF Trust-US 6.08% 57,198 $31.1M Reduce -22.1%
NVDA Nvidia Corp. 4.97% 206,061 $25.5M Reduce -14.4%
AAPL Apple Inc. 3.54% 86,103 $18.1M Reduce -10.7%
IVV iShares Core S&P 500 ETF 2.46% 22,989 $12.6M Add +24.5%
KRE SS SPDR S&P Regional Bank 2.43% 253,082 $12.4M Add +0.5%
LLY Eli Lilly & Co. 2.32% 13,106 $11.9M Reduce -3.4%
MSFT Microsoft Corp. 2.25% 25,737 $11.5M Reduce -8.4%
IWM iShares Russell 2000 ETF 2.17% 54,835 $11.1M Reduce -3.1%
AGG iShares Core U.S. Aggregate 2.06% 108,913 $10.6M Add +18.4%
VGIT Vanguard Intermediate-Term T 2.06% 181,149 $10.5M No change
IJH iShares Core S&P Midcap ETF 2.01% 175,654 $10.3M Add +10.6%
TSM Taiwan Semiconductor-SP ADR 1.95% 57,373 $10.0M Reduce -8.4%
ANET Arista Networks Inc. 1.95% 28,434 $10.0M Reduce -9.6%
CMG Chipotle Mexican Grill Inc. 1.89% 154,390 $9.7M Reduce -2.2%
IEFA iShares Core MSCI Eafe ETF 1.68% 118,438 $8.6M Reduce -19.4%
VOO Vanguard S&P 500 ETF 1.50% 15,370 $7.7M Reduce -6.5%
IDEV iShares Core MSCI Dev MKTS 1.49% 116,246 $7.6M Add +40.3%
NVO Novo-Nordisk A/S-Spons ADR 1.42% 50,812 $7.3M Reduce -2.1%
MCK McKesson Corp. 1.37% 11,992 $7.0M Reduce -5.6%
NFLX Netflix Inc. 1.35% 10,223 $6.9M Reduce -3.6%
AMP Ameriprise Financial Inc. 1.32% 15,821 $6.8M Reduce -1.6%
COST Costco Wholesale Corp. 1.31% 7,879 $6.7M Reduce -3.2%
TT Trane Technologies PLC 1.24% 19,369 $6.4M Add +3.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.14% 14,957 $5.9M No change
DKS Dick's Sporting Goods Inc. 1.12% 26,595 $5.7M New
BX Blackstone Inc. 1.07% 44,121 $5.5M Reduce -2.9%
VONV Vanguard Russell 1000 Value 1.06% 70,705 $5.4M No change
AXP American Express Co. 1.05% 23,221 $5.4M Reduce -4.2%
NXPI NXP Semiconductors NV 1.04% 19,847 $5.3M Reduce -5.9%
XBI SS SPDR S&P Biotech ETF 1.02% 56,179 $5.2M No change
TMUS T-Mobile US Inc. 1.01% 29,491 $5.2M Reduce -4.8%
PWR Quanta Services Inc. 0.98% 19,846 $5.0M Reduce -2.8%
DD Dupont DE Nemours Inc. 0.97% 61,721 $5.0M Reduce -1.5%
IJR iShares Core S&P Small-Cap E 0.95% 45,647 $4.9M Add +7.2%
MRK Merck & Co. Inc. 0.93% 38,554 $4.8M Add +251.2%
SHEL Shell PLC-ADR 0.90% 63,810 $4.6M Reduce -2.9%
FIS Fidelity National Info Serv 0.85% 57,732 $4.4M Reduce -5.1%
DSI iShares ESG MSCI KLD 400 ETF 0.83% 41,054 $4.3M Reduce -3.1%
UNP Union Pacific Corp. 0.81% 18,312 $4.1M Reduce -4.4%
MA Mastercard Inc. Class A 0.80% 9,330 $4.1M Reduce -5.7%
MAR Marriott International Class A 0.80% 16,937 $4.1M Reduce -2.9%
WCLD Wisdomtree Cloud Computing 0.80% 129,055 $4.1M No change
AMGN Amgen Inc. 0.77% 12,605 $3.9M Reduce -6.1%
J Jacobs Solutions Inc. 0.77% 28,049 $3.9M Reduce -0.3%
SO The Southern Co. 0.75% 49,759 $3.9M Reduce -3.7%
ACN Accenture PLC Class A 0.68% 11,553 $3.5M Reduce -3.6%
PSX Phillips 66 0.68% 24,812 $3.5M Reduce -2.6%
KO The Coca-Cola Co. 0.67% 54,203 $3.5M Reduce -2.4%
TOL Toll Brothers Inc. 0.67% 29,668 $3.4M Reduce -0.2%
EA Electronic Arts Inc. 0.67% 24,485 $3.4M Add +1.7%
JPM JPMorgan Chase & Co. 0.65% 16,511 $3.3M Reduce -1.9%
KR Kroger Co. 0.65% 66,263 $3.3M New
GOOG Alphabet Inc. Class C 0.62% 17,257 $3.2M Reduce -4.4%
AVB Avalonbay Communities Inc. 0.57% 14,146 $2.9M Reduce -2.9%
AMZN Amazon.com Inc. 0.52% 13,836 $2.7M Add +0.7%
CATH Global X S&P 500 Ca Val ETF 0.51% 39,916 $2.6M Add +0.5%
IEMG iShares Core MSCI Emerging 0.50% 47,656 $2.6M Add +29.5%
GOOGL Alphabet Inc. Class A 0.48% 13,421 $2.4M Reduce -4.2%
LULU Lululemon Athletica Inc. 0.47% 8,083 $2.4M Reduce -3.6%
EFA iShares MSCI Eafe ETF 0.45% 29,529 $2.3M Reduce -17.7%
EEM iShares MSCI Emerging Market 0.44% 53,231 $2.3M Reduce -24.0%
IWR iShares Russell Mid-Cap ETF 0.36% 22,740 $1.8M No change
BRK.A Berkshire Hathaway Inc. Class A 0.36% 3 $1.8M Reduce -70.0%
BRK.B Berkshire Hathaway Inc. Class B 0.35% 4,419 $1.8M Reduce -23.1%
VYM Vanguard High DVD Yield ETF 0.33% 14,329 $1.7M Reduce -12.8%
HD Home Depot Inc. 0.32% 4,790 $1.6M Reduce -1.7%
NVR NVR Inc. 0.31% 207 $1.6M Reduce -0.5%
TMO Thermo Fisher Scientific Inc. 0.29% 2,656 $1.5M Reduce -1.6%
ON On Semiconductor 0.25% 18,863 $1.3M Reduce -0.4%
UNH Unitedhealth Group Inc. 0.25% 2,494 $1.3M Reduce -2.9%
MDY State Street SPDR S&P Midcap 0.25% 2,355 $1.3M Reduce -8.8%
CPHC Canterbury Park Holding Corp. 0.23% 55,000 $1.2M No change
PG The Procter & Gamble Co. 0.22% 6,718 $1.1M Reduce -14.3%
CSCO Cisco Systems Inc. 0.21% 22,744 $1.1M Reduce -15.7%
VCSH Vanguard S/T Corp. Bond ETF 0.21% 13,786 $1.1M Add +0.8%
ELV Elevance Health Inc. 0.20% 1,868 $1.0M Reduce -0.6%
IVE iShares S&P 500 Value ETF 0.20% 5,547 $1.0M Reduce -4.6%
IJJ iShares S&P Mid-Cap 400 Valu 0.19% 8,615 $977K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.19% 2,597 $971K No change
ADBE Adobe Inc. 0.19% 1,722 $957K Reduce -2.4%
COP Conocophillips 0.18% 8,190 $937K Reduce -0.5%
ABT Abbott Laboratories 0.16% 8,077 $839K Reduce -10.5%
V Visa Inc. Class A 0.16% 3,163 $830K Reduce -33.0%
GE General Electric filed as GE AEROSPACE 0.16% 5,190 $825K Add +31.9%
DE Deere & Co. 0.15% 2,024 $756K Reduce -6.3%
VTWV Vanguard Russell 2000 Value 0.15% 5,605 $751K No change
URI United Rentals Inc. 0.14% 1,148 $742K Add +3.0%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.14% 9,565 $738K Reduce -7.8%
IWF iShares Russell 1000 Growth 0.14% 2,020 $736K No change
META Meta Platforms Inc. Class A 0.14% 1,460 $736K Add +4.0%
OTTR Otter Tail Corp. 0.14% 8,384 $734K Reduce -10.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.14% 4,558 $731K No change
MCD McDonald's Corp. 0.14% 2,853 $727K Reduce -46.9%
CVX Chevron Corp. 0.14% 4,486 $702K Reduce -7.1%
HON Honeywell International Inc. 0.14% 3,273 $699K Reduce -29.5%
WMT Walmart Inc. 0.13% 9,996 $677K Add +8.1%
AVGO Broadcom Inc. 0.13% 421 $676K Reduce -1.2%
TGT Target Corp. 0.13% 4,522 $669K Reduce -18.4%
XOM Exxon Mobil Corp. 0.13% 5,782 $666K Add +2.0%

Show all 178 holdings

Portfolio Sells Q1 2024 → Q2 2024
ACWI iShares MSCI Acwi ETF Reduce -24.6% 6.15% −1.43
SPY SS SPDR S&P 500 ETF Trust-US Reduce -22.1% 6.08% −1.04
GGG Graco Inc. Reduce -88.8% 0.10% −0.94
BRK.A Berkshire Hathaway Inc. Class A Reduce -70.0% 0.36% −0.82
DG Dollar General Corp. Reduce -89.0% 0.09% −0.79
ZTS Zoetis Inc. Sold out 0.00% −0.66
NKE Nike Inc. Class B Reduce -78.4% 0.11% −0.51
JNJ Johnson & Johnson Reduce -78.3% 0.10% −0.37
IEFA iShares Core MSCI Eafe ETF Reduce -19.4% 1.68% −0.34
DIS The Walt Disney Co. Sold out 0.00% −0.18
MCD McDonald's Corp. Reduce -46.9% 0.14% −0.14
XEL Xcel Energy Inc. Reduce -69.8% 0.06% −0.14
LULU Lululemon Athletica Inc. Reduce -3.6% 0.47% −0.14
BRK.B Berkshire Hathaway Inc. Class B Reduce -23.1% 0.35% −0.10
EEM iShares MSCI Emerging Market Reduce -24.0% 0.44% −0.09
PSX Phillips 66 Reduce -2.6% 0.68% −0.09
EMR Emerson Electric Co. Sold out 0.00% −0.08
ACN Accenture PLC Class A Reduce -3.6% 0.68% −0.08
V Visa Inc. Class A Reduce -33.0% 0.16% −0.08
EFA iShares MSCI Eafe ETF Reduce -17.7% 0.45% −0.08
MA Mastercard Inc. Class A Reduce -5.7% 0.80% −0.08
PFE Pfizer Inc. Reduce -51.7% 0.08% −0.07
GIS General Mills Inc. Sold out 0.00% −0.07
BIV Vanguard Intermediate-Term B Reduce -38.3% 0.13% −0.07
VTEB Vanguard Tax-Exempt Bond ETF Sold out 0.00% −0.07
UNP Union Pacific Corp. Reduce -4.4% 0.81% −0.06
HCA HCA Healthcare Inc. Reduce -56.0% 0.05% −0.06
TRV The Travelers Cos Inc. Reduce -44.9% 0.06% −0.06
VMBS Vanguard Mortgage-Backed Sec Reduce -46.4% 0.07% −0.05
TGT Target Corp. Reduce -18.4% 0.13% −0.05
ITW Illinois Tool Works Reduce -51.7% 0.04% −0.05
MDLZ Mondelez International Inc. Class A Reduce -41.3% 0.07% −0.05
LRCX Lam Research Corp. Sold out 0.00% −0.05
INTC Intel Corp. Sold out 0.00% −0.05
MO Altria Group Inc. Sold out 0.00% −0.05
TOL Toll Brothers Inc. Reduce -0.2% 0.67% −0.05
HON Honeywell International Inc. Reduce -29.5% 0.14% −0.04
BX Blackstone Inc. Reduce -2.9% 1.07% −0.04
SLB SLB Ltd. Sold out 0.00% −0.04
SBUX Starbucks Corp. Sold out 0.00% −0.04
CSCO Cisco Systems Inc. Reduce -15.7% 0.21% −0.04
COR Cencora Inc. Sold out 0.00% −0.04
VTI VG Morningstar TS MKT ETF-US Reduce -52.5% 0.04% −0.04
FIW First Trust Water ETF Sold out 0.00% −0.04
MNST Monster Beverage Corp. Sold out 0.00% −0.04
VYM Vanguard High DVD Yield ETF Reduce -12.8% 0.33% −0.04
J Jacobs Solutions Inc. Reduce -0.3% 0.77% −0.04
MMM 3M Co. Reduce -40.6% 0.05% −0.03
IWM iShares Russell 2000 ETF Reduce -3.1% 2.17% −0.03
BMY Bristol-Myers Squibb Co. Reduce -27.3% 0.04% −0.03

Portfolio Buys Q1 2024 → Q2 2024
DKS Dick's Sporting Goods Inc. New 1.12% +1.12
MRK Merck & Co. Inc. Add +251.2% 0.93% +0.66
IVV iShares Core S&P 500 ETF Add +24.5% 2.46% +0.66
KR Kroger Co. New 0.65% +0.65
IDEV iShares Core MSCI Dev MKTS Add +40.3% 1.49% +0.46
AGG iShares Core U.S. Aggregate Add +18.4% 2.06% +0.40
IJH iShares Core S&P Midcap ETF Add +10.6% 2.01% +0.22
TT Trane Technologies PLC Add +3.0% 1.24% +0.20
IEMG iShares Core MSCI Emerging Add +29.5% 0.50% +0.15
KRE SS SPDR S&P Regional Bank Add +0.5% 2.43% +0.08
IJR iShares Core S&P Small-Cap E Add +7.2% 0.95% +0.08
EA Electronic Arts Inc. Add +1.7% 0.67% +0.07
AMZN Amazon.com Inc. Add +0.7% 0.52% +0.06
IAGG iShares Intl Aggregate Bond Add +45.4% 0.12% +0.04
CATH Global X S&P 500 Ca Val ETF Add +0.5% 0.51% +0.04
ORCL Oracle Corp. Add +20.2% 0.13% +0.04
GE General Electric Add +31.9% 0.16% +0.03
WMT Walmart Inc. Add +8.1% 0.13% +0.03
META Meta Platforms Inc. Class A Add +4.0% 0.14% +0.02
AMAT Applied Materials Inc. Add +0.4% 0.10% +0.02
EMB iShares JP Morgan Usd Emergi Add +16.6% 0.07% +0.01
VCSH Vanguard S/T Corp. Bond ETF Add +0.8% 0.21% +0.01
GEV GE Vernova Inc. Add +31.7% 0.04% +0.01
IBM Intl Business Machines Corp. Add +21.9% 0.07% +0.01
ISRG Intuitive Surgical Inc. Add +3.0% 0.06% +0.01
TSLA Tesla Inc. Add +3.2% 0.05% +0.01
XOM Exxon Mobil Corp. Add +2.0% 0.13% +0.01
PM Philip Morris International Add +0.2% 0.05% +0.01
BLK BlackRock Finance Inc. Add +7.0% 0.11% +0.01
GLD SPDR Gold Shares Add +6.3% 0.05% +0.01
ICF iShares Select U.S. REIT ETF Add +2.7% 0.08% +0.01
PEP Pepsico Inc. Add +7.4% 0.09% +0.01
SCHW Schwab (charles) Corp. Add +3.3% 0.05% +0.00
AEP American Electric Power Add +0.1% 0.05% +0.00
SYK Stryker Corp. Add +1.7% 0.07% +0.00
CRM Salesforce Inc. Add +12.0% 0.07% +0.00
CTVA Corteva Inc. Add +0.8% 0.06% −0.00
CAT Caterpillar Inc. Add +3.7% 0.08% −0.00
URI United Rentals Inc. Add +3.0% 0.14% −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