First Bank & Trust
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 3, 2025), First Bank & Trust reported 236 stock positions worth $521.0 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 12.0% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 8.2%) and iShares Core U.S. Aggregate (AGG, 5.2%). Compared with Q3 2024, it opened 14 new positions, sold out of 12, added to 87 and reduced 102. The biggest buy was Bristol-Myers Squibb (BMY, shares +49%) and the biggest sale Lyondellbasell Indu Class A (LYB, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- BROOKINGS, SD
- CIK
- 0001692632
- Portfolio Value
- $521.0M (Q4 2024)
- SEC Filing
- 0001692632-25-000001 ↗ filed Feb 3, 2025
Holdings Value
Holdings 236 stocks · $521.0M
| VTI VG Morningstar TS MKT ETF-US | 12.05% | 216,594 | $62.8M | Reduce -0.4% |
| VEA Vanguard Ftse Developed ETF | 8.21% | 894,751 | $42.8M | Add +3.7% |
| AGG iShares Core U.S. Aggregate | 5.17% | 277,751 | $26.9M | Add +4.2% |
| VWO Vanguard Ftse Emerging Marke | 3.98% | 470,393 | $20.7M | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 3.38% | 32,708 | $17.6M | Add +2.8% |
| MSFT Microsoft Corp. | 2.83% | 34,948 | $14.7M | Add +0.3% |
| DAKT Daktronics Inc. | 2.59% | 801,307 | $13.5M | Reduce -9.1% |
| IJR iShares Core S&P Small-Cap E | 2.54% | 114,731 | $13.2M | Add +0.3% |
| IJH iShares Core S&P Midcap ETF | 2.20% | 184,192 | $11.5M | Add +0.7% |
| Big Sioux Financial Class A | 2.08% | 101 | $10.8M | No change |
| VOOV Vanguard S&P 500 Value ETF | 1.62% | 45,762 | $8.4M | No change |
| VIOV Vanguard S&P Small-Cap 600 V | 1.40% | 78,422 | $7.3M | No change |
| CATH Global X S&P 500 Ca Val ETF | 1.22% | 89,562 | $6.3M | No change |
| NVDA Nvidia Corp. | 1.16% | 45,063 | $6.1M | Reduce -9.2% |
| AMZN Amazon.com Inc. | 1.12% | 26,612 | $5.8M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 0.97% | 26,489 | $5.0M | Reduce -5.7% |
| META Meta Platforms Inc. Class A | 0.92% | 8,198 | $4.8M | Add +0.2% |
| GILD Gilead Sciences Inc. | 0.92% | 51,929 | $4.8M | Add +0.7% |
| NOW ServiceNow Inc. | 0.88% | 4,331 | $4.6M | Reduce -6.2% |
| WMB Williams Cos Inc. | 0.85% | 82,077 | $4.4M | Reduce -17.6% |
| PM Philip Morris International | 0.85% | 36,901 | $4.4M | Reduce -13.6% |
| VZ Verizon Communications Inc. | 0.84% | 108,832 | $4.4M | Reduce -1.5% |
| DUK Duke Energy Corp. | 0.81% | 39,316 | $4.2M | Reduce -8.6% |
| MA Mastercard Inc. Class A | 0.80% | 7,931 | $4.2M | Add +1.6% |
| XEL Xcel Energy Inc. | 0.78% | 60,120 | $4.1M | Reduce -1.3% |
| SO The Southern Co. | 0.77% | 48,894 | $4.0M | Reduce -8.9% |
| AAPL Apple Inc. | 0.75% | 15,580 | $3.9M | Reduce -1.1% |
| USB US Bancorp | 0.75% | 81,297 | $3.9M | Add +5.4% |
| COST Costco Wholesale Corp. | 0.72% | 4,107 | $3.8M | Reduce -1.3% |
| ISRG Intuitive Surgical Inc. | 0.72% | 7,202 | $3.8M | Reduce -3.1% |
| ENB Enbridge Inc. | 0.72% | 88,171 | $3.7M | Add +0.5% |
| PNC PNC Financial Services Group | 0.67% | 18,168 | $3.5M | Add +3.1% |
| T AT&T Inc. | 0.66% | 151,617 | $3.5M | Reduce -3.9% |
| INTU Intuit Inc. | 0.66% | 5,479 | $3.4M | Add +1.5% |
| BMY Bristol-Myers Squibb Co. | 0.65% | 60,268 | $3.4M | Add +49.2% |
| HBAN Huntington Bancshares Inc. | 0.62% | 198,249 | $3.2M | Reduce -2.5% |
| PGR Progressive Corp. | 0.60% | 13,061 | $3.1M | Reduce -0.8% |
| VPL Vanguard Ftse Pacific ETF | 0.59% | 43,465 | $3.1M | No change |
| TTE Totalenergies SE -Spon ADR | 0.59% | 56,435 | $3.1M | Reduce -10.3% |
| ABBV Abbvie Inc. | 0.59% | 17,188 | $3.1M | Add +3.2% |
| CTAS Cintas Corp. | 0.57% | 16,217 | $3.0M | Reduce -1.1% |
| ETR Entergy Corp. | 0.56% | 38,793 | $2.9M | Reduce -5.4% |
| CVX Chevron Corp. | 0.53% | 19,053 | $2.8M | Add +30.9% |
| SNY Sanofi-ADR | 0.53% | 56,964 | $2.7M | Reduce -3.9% |
| TRP TC Energy Corp. | 0.52% | 58,396 | $2.7M | Add +0.6% |
| MRVL Marvell Technology Inc. | 0.50% | 23,774 | $2.6M | Add +20.5% |
| HLT Hilton Worldwide Holdings Inc. | 0.49% | 10,391 | $2.6M | Add +0.7% |
| TFC Truist Financial Corp. | 0.49% | 58,977 | $2.6M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 0.49% | 10,639 | $2.6M | Reduce -0.9% |
| AMGN Amgen Inc. | 0.48% | 9,659 | $2.5M | Reduce -9.6% |
| AEP American Electric Power | 0.48% | 27,171 | $2.5M | Reduce -11.7% |
| ADSK Autodesk Inc. | 0.46% | 8,186 | $2.4M | Add +1.9% |
| NGG National Grid PLC-SP ADR | 0.45% | 39,369 | $2.3M | Reduce -18.0% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 0.44% | 36,329 | $2.3M | Reduce -12.8% |
| GLD SPDR Gold Shares | 0.42% | 8,940 | $2.2M | No change |
| UBER Uber Technologies Inc. | 0.40% | 34,766 | $2.1M | Reduce -11.6% |
| KVUE Kenvue Inc. | 0.39% | 94,234 | $2.0M | Add +3.4% |
| IVV iShares Core S&P 500 ETF | 0.39% | 3,414 | $2.0M | Add +53.2% |
| SPGI S&P Global Inc. | 0.38% | 4,024 | $2.0M | Add +3.9% |
| O Realty Income Corp. | 0.35% | 34,373 | $1.8M | Add +2.6% |
| GOOGL Alphabet Inc. Class A | 0.35% | 9,613 | $1.8M | Add +1.3% |
| PFE Pfizer Inc. | 0.34% | 66,415 | $1.8M | Reduce -14.5% |
| PLD Prologis Inc. | 0.33% | 16,164 | $1.7M | Add +167.2% |
| VGK Vanguard Ftse Europe ETF | 0.31% | 25,485 | $1.6M | No change |
| KO The Coca-Cola Co. | 0.31% | 25,875 | $1.6M | Reduce -7.2% |
| PPL PPL Corp. | 0.31% | 49,141 | $1.6M | Add +5.9% |
| MS Morgan Stanley | 0.30% | 12,589 | $1.6M | Add +410.9% |
| LYB Lyondellbasell Indu Class A | 0.30% | 21,214 | $1.6M | Reduce -39.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.30% | 22,375 | $1.6M | Add +3.2% |
| D Dominion Energy Inc. | 0.30% | 29,054 | $1.6M | Reduce -42.0% |
| WDAY Workday Inc. Class A | 0.30% | 6,029 | $1.6M | Add +49.2% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.30% | 27,895 | $1.5M | No change |
| VLTO Veralto Corp. | 0.29% | 15,039 | $1.5M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 3,352 | $1.5M | Add +8.3% |
| CSGP Costar Group Inc. | 0.29% | 20,844 | $1.5M | Reduce -10.2% |
| ADBE Adobe Inc. | 0.28% | 3,252 | $1.4M | Reduce -17.3% |
| GNRC Generac Holdings Inc. | 0.27% | 9,186 | $1.4M | Reduce -11.7% |
| CCB Coastal Financial Corp. | 0.27% | 16,747 | $1.4M | Reduce -13.3% |
| ZTS Zoetis Inc. | 0.27% | 8,628 | $1.4M | Reduce -13.7% |
| WFC Wells Fargo & Co. | 0.26% | 19,509 | $1.4M | Reduce -0.8% |
| NFLX Netflix Inc. | 0.25% | 1,476 | $1.3M | New |
| NXPI NXP Semiconductors NV | 0.24% | 6,068 | $1.3M | Reduce -9.0% |
| V Visa Inc. Class A | 0.24% | 3,961 | $1.3M | Add +8.9% |
| TMO Thermo Fisher Scientific Inc. | 0.24% | 2,386 | $1.2M | Reduce -26.3% |
| XOM Exxon Mobil Corp. | 0.22% | 10,666 | $1.1M | Add +68.8% |
| TDG Transdigm Group Inc. | 0.22% | 891 | $1.1M | Reduce -14.2% |
| EEM iShares MSCI Emerging Market | 0.22% | 26,947 | $1.1M | No change |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.22% | 11,598 | $1.1M | New |
| IWF iShares Russell 1000 Growth | 0.21% | 2,776 | $1.1M | Reduce -2.8% |
| DEO Diageo PLC-Sponsored ADR | 0.21% | 8,522 | $1.1M | Add +265.4% |
| KKR KKR & Co. Inc. | 0.21% | 7,324 | $1.1M | Add +8.2% |
| BTI British American Tob-SP ADR | 0.21% | 29,537 | $1.1M | Reduce -35.5% |
| ARE Alexandria Real Estate Equit | 0.20% | 10,794 | $1.1M | New |
| KMB Kimberly-Clark Corp. | 0.19% | 7,648 | $1.0M | Reduce -45.2% |
| AMCR Amcor PLC | 0.19% | 102,935 | $969K | Reduce -7.7% |
| PAYX Paychex Inc. | 0.18% | 6,817 | $956K | Add +80.1% |
| JNJ Johnson & Johnson | 0.18% | 6,469 | $936K | New |
| IWD iShares Russell 1000 Value E | 0.17% | 4,700 | $870K | Reduce -3.2% |
| UPS United Parcel Service Class B | 0.16% | 6,751 | $851K | Add +3.6% |
| VEEV Veeva Systems Inc. Class A | 0.16% | 3,981 | $837K | Add +0.4% |
Portfolio Sells Q3 2024 → Q4 2024
| LYB Lyondellbasell Indu Class A | Reduce -39.6% | 0.30% | −0.34 |
| CAG Conagra Brands Inc. | Reduce -74.5% | 0.08% | −0.27 |
| D Dominion Energy Inc. | Reduce -42.0% | 0.30% | −0.25 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.23 |
| NGG National Grid PLC-SP ADR | Reduce -18.0% | 0.45% | −0.19 |
| KMB Kimberly-Clark Corp. | Reduce -45.2% | 0.19% | −0.18 |
| BCE Bce Inc. | Reduce -70.4% | 0.05% | −0.18 |
| TTE Totalenergies SE -Spon ADR | Reduce -10.3% | 0.59% | −0.18 |
| AMGN Amgen Inc. | Reduce -9.6% | 0.48% | −0.17 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.16 |
| UBER Uber Technologies Inc. | Reduce -11.6% | 0.40% | −0.16 |
| SO The Southern Co. | Reduce -8.9% | 0.77% | −0.15 |
| TMO Thermo Fisher Scientific Inc. | Reduce -26.3% | 0.24% | −0.14 |
| PM Philip Morris International | Reduce -13.6% | 0.85% | −0.13 |
| DUK Duke Energy Corp. | Reduce -8.6% | 0.81% | −0.13 |
| SNY Sanofi-ADR | Reduce -3.9% | 0.53% | −0.12 |
| UL Unilever PLC | Reduce -36.7% | 0.15% | −0.12 |
| AEP American Electric Power | Reduce -11.7% | 0.48% | −0.12 |
| BTI British American Tob-SP ADR | Reduce -35.5% | 0.21% | −0.11 |
| ADBE Adobe Inc. | Reduce -17.3% | 0.28% | −0.11 |
| VZ Verizon Communications Inc. | Reduce -1.5% | 0.84% | −0.11 |
| ZTS Zoetis Inc. | Reduce -13.7% | 0.27% | −0.10 |
| PFE Pfizer Inc. | Reduce -14.5% | 0.34% | −0.09 |
| ALGN Align Technology Inc. | Reduce -21.5% | 0.15% | −0.08 |
| MRK Merck & Co. Inc. | Reduce -29.3% | 0.12% | −0.07 |
| CTAS Cintas Corp. | Reduce -1.1% | 0.57% | −0.07 |
| KO The Coca-Cola Co. | Reduce -7.2% | 0.31% | −0.07 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.06 |
| TDG Transdigm Group Inc. | Reduce -14.2% | 0.22% | −0.06 |
| EW Edwards Lifesciences Corp. | Reduce -49.4% | 0.09% | −0.06 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.06 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.06 |
| NXPI NXP Semiconductors NV | Reduce -9.0% | 0.24% | −0.06 |
| SPSC SPS Commerce Inc. | Sold out | 0.00% | −0.05 |
| AMCR Amcor PLC | Reduce -7.7% | 0.19% | −0.05 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.05 |
| CSGP Costar Group Inc. | Reduce -10.2% | 0.29% | −0.05 |
| CM Can Imperial BK of Commerce | Reduce -12.8% | 0.44% | −0.04 |
| MTCH Match Group Inc. | Sold out | 0.00% | −0.04 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.04 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.04 |
| GNRC Generac Holdings Inc. | Reduce -11.7% | 0.27% | −0.04 |
| NOMD Nomad Foods Ltd. | Sold out | 0.00% | −0.04 |
| PGR Progressive Corp. | Reduce -0.8% | 0.60% | −0.03 |
| VLTO Veralto Corp. | Reduce -0.8% | 0.29% | −0.03 |
| ELV Elevance Health Inc. | Reduce -6.3% | 0.05% | −0.02 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -24.1% | 0.06% | −0.02 |
| IEX Idex Corp. | Reduce -30.6% | 0.05% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -7.2% | 0.09% | −0.02 |
| TGT Target Corp. | Reduce -15.5% | 0.04% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| BMY Bristol-Myers Squibb Co. | Add +49.2% | 0.65% | +0.26 |
| MS Morgan Stanley | Add +410.9% | 0.30% | +0.26 |
| NFLX Netflix Inc. | New | 0.25% | +0.25 |
| MRVL Marvell Technology Inc. | Add +20.5% | 0.50% | +0.23 |
| BMO Bank of Montreal | New | 0.22% | +0.22 |
| ARE Alexandria Real Estate Equit | New | 0.20% | +0.20 |
| VOO Vanguard S&P 500 ETF | Add +2.8% | 3.38% | +0.20 |
| AMZN Amazon.com Inc. | Add +0.8% | 1.12% | +0.19 |
| PLD Prologis Inc. | Add +167.2% | 0.33% | +0.18 |
| JNJ Johnson & Johnson | New | 0.18% | +0.18 |
| DEO Diageo PLC-Sponsored ADR | Add +265.4% | 0.21% | +0.15 |
| IVV iShares Core S&P 500 ETF | Add +53.2% | 0.39% | +0.14 |
| CVX Chevron Corp. | Add +30.9% | 0.53% | +0.12 |
| WDAY Workday Inc. Class A | Add +49.2% | 0.30% | +0.11 |
| TTD Trade Desk Inc./the Class A | New | 0.10% | +0.10 |
| GILD Gilead Sciences Inc. | Add +0.7% | 0.92% | +0.10 |
| PAYX Paychex Inc. | Add +80.1% | 0.18% | +0.09 |
| XOM Exxon Mobil Corp. | Add +68.8% | 0.22% | +0.08 |
| USB US Bancorp | Add +5.4% | 0.75% | +0.08 |
| MA Mastercard Inc. Class A | Add +1.6% | 0.80% | +0.07 |
| SMCI Super Micro Computer Inc. | New | 0.07% | +0.07 |
| WST West Pharmaceutical Services | Add +91.2% | 0.12% | +0.06 |
| IMCG iShares Morningstar Mid-Cap | New | 0.06% | +0.06 |
| TT Trane Technologies PLC | Add +119.5% | 0.10% | +0.05 |
| PNC PNC Financial Services Group | Add +3.1% | 0.67% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +1.3% | 0.35% | +0.05 |
| V Visa Inc. Class A | Add +8.9% | 0.24% | +0.05 |
| WSM Williams-Sonoma Inc. | New | 0.05% | +0.05 |
| BKR Baker Hughes Co. | New | 0.05% | +0.05 |
| PEP Pepsico Inc. | Add +145.0% | 0.09% | +0.05 |
| AGG iShares Core U.S. Aggregate | Add +4.2% | 5.17% | +0.04 |
| ADSK Autodesk Inc. | Add +1.9% | 0.46% | +0.04 |
| AVGO Broadcom Inc. | Add +10.5% | 0.13% | +0.04 |
| ENB Enbridge Inc. | Add +0.5% | 0.72% | +0.04 |
| AMTM Amentum Holdings Inc. | New | 0.04% | +0.04 |
| HLT Hilton Worldwide Holdings Inc. | Add +0.7% | 0.49% | +0.04 |
| KKR KKR & Co. Inc. | Add +8.2% | 0.21% | +0.04 |
| SANM Sanmina Corp. | New | 0.04% | +0.04 |
| FAF First American Financial | New | 0.04% | +0.04 |
| BBIO Bridgebio Pharma Inc. | New | 0.04% | +0.04 |
| MSGS Madison Square Garden Sports | New | 0.04% | +0.04 |
| IJH iShares Core S&P Midcap ETF | Add +0.7% | 2.20% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +12.1% | 0.15% | +0.03 |
| META Meta Platforms Inc. Class A | Add +0.2% | 0.92% | +0.03 |
| FISV Fiserv Inc. | Add +25.8% | 0.09% | +0.03 |
| FRPT Freshpet Inc. | Add +16.8% | 0.13% | +0.03 |
| BKNG Booking Holdings Inc. | Add +6.9% | 0.13% | +0.03 |
| CDNS Cadence Design SYS Inc. | Add +15.5% | 0.12% | +0.03 |
| INTU Intuit Inc. | Add +1.5% | 0.66% | +0.02 |
| FCNCA First Citizens Bcshs Class A | Add +9.2% | 0.11% | +0.02 |
Notes & Other Activity Q3 2024 → Q4 2024
| WELLS FARGO & CO FR 5.389 04243 | Fixed Income · principal | Sold out | 2,000 | $2Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 270 | $680.0M | VTI, VEA, AGG, VOO, VWO |
| Q1 2026 | 257 | $620.8M | VTI, VEA, AGG, VOO, VWO |
| Q4 2025 | 260 | $613.9M | VTI, VEA, AGG, VWO, VOO |
| Q3 2025 | 257 | $594.2M | VTI, VEA, AGG, VWO, VOO |
| Q2 2025 | 242 | $560.5M | VTI, VEA, AGG, VOO, VWO |
| Q1 2025 | 232 | $516.4M | VTI, VEA, AGG, VOO, VWO |
| Q4 2024 | 236 | $521.0M | VTI, VEA, AGG, VWO, VOO |
| Q3 2024 | 233 | $526.9M | VTI, VEA, AGG, VWO, VOO |
| Q2 2024 | 225 | $491.0M | VTI, VEA, AGG, VWO, VOO |
| Q1 2024 | 230 | $483.8M | VTI, VEA, AGG, VWO, VOO |