First Bank & Trust

Name: First Bank & Trust 13F holdings, Q4 2025
Creator: First Bank & Trust
Published: 2026-01-12

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), First Bank & Trust reported 260 stock positions worth $613.9 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 11.6% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 8.1%) and iShares Core U.S. Aggregate (AGG, 5.0%). Compared with Q3 2025, it opened 18 new positions, sold out of 15, added to 114 and reduced 90. The biggest buy was Costco Wholesale (COST, shares +126%) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F: Q2 2026
Location: BROOKINGS, SD
CIK: 0001692632
Portfolio Value: $613.9M (Q4 2025)
SEC Filing: 0001692632-26-000001 ↗ filed Jan 12, 2026

Holdings Value

Holdings 260 stocks · $613.9M


VTI VG Morningstar TS MKT ETF-US	11.63%	212,908	$71.4M	No change
VEA Vanguard Ftse Developed ETF	8.08%	794,444	$49.6M	No change
AGG iShares Core U.S. Aggregate	4.96%	305,085	$30.5M	Add +1.0%
VWO Vanguard Ftse Emerging Marke	3.65%	417,321	$22.4M	Add +0.1%
VOO Vanguard S&P 500 ETF	3.58%	35,058	$22.0M	Add +0.4%
MSFT Microsoft Corp.	2.72%	34,562	$16.7M	Reduce -0.2%
AAPL Apple Inc.	2.42%	54,567	$14.8M	Add +1.7%
IJR iShares Core S&P Small-Cap E	2.37%	120,821	$14.5M	Reduce -0.0%
IJH iShares Core S&P Midcap ETF	2.14%	199,158	$13.1M	Reduce -0.0%
VOOV Vanguard S&P 500 Value ETF	1.53%	45,762	$9.4M	No change
NVDA Nvidia Corp.	1.25%	41,281	$7.7M	Reduce -2.3%
VIOV Vanguard S&P Small-Cap 600 V	1.25%	78,422	$7.7M	No change
DAKT Daktronics Inc.	1.24%	386,028	$7.6M	Reduce -1.5%
COST Costco Wholesale Corp.	1.23%	8,782	$7.6M	Add +126.3%
CATH Global X S&P 500 Ca Val ETF	1.20%	89,562	$7.4M	No change
META Meta Platforms Inc. Class A	1.08%	10,006	$6.6M	Add +0.8%
AMZN Amazon.com Inc.	1.02%	27,066	$6.2M	Add +1.4%
GEVO Gevo Inc.	1.00%	3,064,948	$6.1M	No change
GOOG Alphabet Inc. Class C	0.93%	18,238	$5.7M	Reduce -4.7%
PM Philip Morris International	0.79%	30,423	$4.9M	Add +2.1%
TTE Totalenergies SE	0.79%	74,455	$4.9M	Reduce -1.3%
ABBV Abbvie Inc.	0.76%	20,414	$4.7M	Reduce -0.9%
IVV iShares Core S&P 500 ETF	0.76%	6,809	$4.7M	Add +8.7%
PFE Pfizer Inc.	0.75%	184,140	$4.6M	Add +21.4%
GILD Gilead Sciences Inc.	0.73%	36,581	$4.5M	Reduce -7.0%
ENB Enbridge Inc.	0.73%	93,074	$4.5M	Reduce -0.5%
MA Mastercard Inc. Class A	0.72%	7,722	$4.4M	Reduce -1.7%
USB US Bancorp	0.71%	82,005	$4.4M	Add +4.9%
DUK Duke Energy Corp.	0.71%	36,982	$4.3M	Reduce -0.9%
AMGN Amgen Inc.	0.69%	12,929	$4.2M	Add +4.1%
NGG National Grid PLC-SP ADR	0.68%	54,262	$4.2M	Add +0.7%
XOM Exxon Mobil Corp.	0.68%	34,773	$4.2M	Add +10.0%
XEL Xcel Energy Inc.	0.68%	56,518	$4.2M	Reduce -7.3%
PNC PNC Financial Services Group	0.68%	19,871	$4.1M	Add +0.7%
BTI British American Tob-SP ADR	0.64%	69,732	$3.9M	Add +22.3%
VPL Vanguard Ftse Pacific ETF	0.64%	43,465	$3.9M	No change
SO The Southern Co.	0.62%	43,319	$3.8M	Reduce -4.3%
CVX Chevron Corp.	0.58%	23,364	$3.6M	Reduce -8.6%
INTU Intuit Inc.	0.58%	5,375	$3.6M	Add +0.5%
GLD SPDR Gold Shares	0.58%	8,940	$3.5M	No change
JNJ Johnson & Johnson	0.58%	17,067	$3.5M	Add +8.0%
WMB Williams Cos Inc.	0.56%	56,884	$3.4M	Reduce -13.7%
ISRG Intuitive Surgical Inc.	0.55%	5,988	$3.4M	Add +1.8%
VZ Verizon Communications Inc.	0.55%	83,164	$3.4M	Reduce -20.7%
JPM JPMorgan Chase & Co.	0.55%	10,464	$3.4M	Add +4.0%
PLD Prologis Inc.	0.55%	26,324	$3.4M	Add +19.8%
HBAN Huntington Bancshares Inc.	0.54%	191,879	$3.3M	Reduce -8.9%
SNY Sanofi-ADR	0.54%	68,649	$3.3M	Reduce -1.6%
TRP TC Energy Corp.	0.53%	59,142	$3.3M	Reduce -0.2%
AVGO Broadcom Inc.	0.51%	8,989	$3.1M	Add +219.9%
TFC Truist Financial Corp.	0.50%	61,996	$3.1M	Add +5.4%
NOW ServiceNow Inc.	0.49%	19,801	$3.0M	Reduce -2.3%
AEP American Electric Power	0.49%	26,217	$3.0M	Reduce -3.9%
HLT Hilton Worldwide Holdings Inc.	0.48%	10,364	$3.0M	Add +1.1%
UBER Uber Technologies Inc.	0.48%	35,959	$2.9M	Reduce -4.3%
CTAS Cintas Corp.	0.47%	15,238	$2.9M	Reduce -2.0%
GOOGL Alphabet Inc. Class A	0.46%	9,089	$2.8M	Reduce -0.6%
GSK GSK PLC-Spon ADR	0.45%	56,333	$2.8M	Add +10.1%
PGR Progressive Corp.	0.41%	11,160	$2.5M	Reduce -3.1%
ADSK Autodesk Inc.	0.40%	8,374	$2.5M	Reduce -3.1%
PEP Pepsico Inc.	0.39%	16,765	$2.4M	Add +71.4%
O Realty Income Corp.	0.37%	40,369	$2.3M	Reduce -5.8%
BRK.B Berkshire Hathaway Inc. Class B	0.37%	4,513	$2.3M	Reduce -3.8%
AXP American Express Co.	0.37%	6,065	$2.2M	New
BMO Bank of Montreal filed as BANK MONTREAL QUE	0.36%	17,135	$2.2M	Add +1.8%
VGK Vanguard Ftse Europe ETF	0.35%	25,479	$2.1M	No change
ETR Entergy Corp.	0.34%	22,684	$2.1M	Reduce -7.0%
MRVL Marvell Technology Inc.	0.34%	24,436	$2.1M	Add +1.1%
NFLX Netflix Inc.	0.34%	22,037	$2.1M	Add +2.6%
EMXC iShares MSCI Emr MRK Ex Chna	0.33%	27,895	$2.0M	No change
WFC Wells Fargo & Co.	0.33%	21,603	$2.0M	Add +13.0%
IEFA iShares Core MSCI Eafe ETF	0.31%	21,022	$1.9M	Reduce -0.7%
T AT&T Inc.	0.29%	72,815	$1.8M	Reduce -30.9%
KO The Coca-Cola Co.	0.28%	24,742	$1.7M	Reduce -0.3%
PPL PPL Corp.	0.26%	44,911	$1.6M	Reduce -1.1%
EEM iShares MSCI Emerging Market	0.24%	26,947	$1.5M	No change
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO	0.24%	16,164	$1.5M	Reduce -34.7%
GNRC Generac Holdings Inc.	0.24%	10,675	$1.5M	Add +26.0%
IOT Samsara Inc. Class A	0.23%	40,446	$1.4M	Add +210.5%
TSM Taiwan Semiconductor-SP ADR	0.23%	4,612	$1.4M	Add +1.9%
VLTO Veralto Corp.	0.23%	14,040	$1.4M	Add +0.9%
V Visa Inc. Class A	0.22%	3,917	$1.4M	Reduce -1.7%
DDOG Datadog Inc. Class A	0.22%	10,025	$1.4M	Add +8.4%
FE Firstenergy Corp.	0.22%	30,223	$1.4M	Add +10.6%
CSGP Costar Group Inc.	0.22%	20,028	$1.3M	Reduce -16.5%
CCB Coastal Financial Corp.	0.22%	11,570	$1.3M	Reduce -6.2%
CME Cme Group Inc.	0.22%	4,852	$1.3M	New
FICO Fair Isaac Corp.	0.21%	778	$1.3M	Add +70.2%
WMT Walmart Inc.	0.21%	11,607	$1.3M	Add +1.8%
UL Unilever PLC-Sponsored ADR	0.20%	18,852	$1.2M	Add +71.7%
IWF iShares Russell 1000 Growth	0.20%	2,594	$1.2M	No change
WST West Pharmaceutical Services	0.19%	4,197	$1.2M	Add +41.3%
AMCR Amcor PLC	0.19%	138,234	$1.2M	Add +38.8%
SPGI S&P Global Inc.	0.19%	2,177	$1.1M	Reduce -2.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.18%	7,186	$1.1M	Add +106.0%
IAU iShares Gold Trust	0.18%	13,557	$1.1M	Add +3.9%
RWJ Invesco S&P Smallcap 600	0.18%	22,506	$1.1M	Add +26.7%
DHR Danaher Corp.	0.17%	4,610	$1.1M	New
IMCG iShares Morningstar Mid-Cap	0.17%	13,143	$1.0M	Add +22.4%
CDNS Cadence Design SYS Inc.	0.16%	3,174	$992K	Add +12.9%
CB Chubb Ltd.	0.16%	3,146	$982K	Reduce -35.0%
SCHW Schwab (charles) Corp.	0.16%	9,774	$977K	Add +258.0%
IWD iShares Russell 1000 Value E	0.16%	4,609	$969K	Add +0.6%
KKR KKR & Co. Inc.	0.16%	7,591	$968K	Reduce -3.5%
DIVI Franklin International Core	0.16%	24,855	$967K	Add +14.2%
TDG Transdigm Group Inc.	0.16%	723	$961K	Reduce -28.6%
GE General Electric filed as GE AEROSPACE	0.16%	3,093	$953K	Reduce -1.8%
RBC RBC Bearings Inc.	0.16%	2,123	$952K	Reduce -1.4%
MS Morgan Stanley	0.15%	5,251	$932K	Reduce -40.6%
GS Goldman Sachs Group Inc.	0.15%	1,060	$932K	Add +0.2%
JIRE JPMorgan Int Res Enh Eqty	0.15%	12,164	$911K	Add +15.8%
AMP Ameriprise Financial Inc.	0.15%	1,853	$909K	Add +165.5%
KMB Kimberly-Clark Corp.	0.15%	8,832	$891K	Add +6.9%
IWM iShares Russell 2000 ETF	0.14%	3,550	$874K	Reduce -3.4%
FBND Fidelity Total Bond ETF	0.14%	18,534	$853K	Add +74.2%
CASY Casey's General Stores Inc.	0.14%	1,514	$837K	Reduce -7.1%
DKNG Draftkings Inc. Class A	0.14%	24,265	$836K	Add +72.6%
PAYX Paychex Inc.	0.14%	7,418	$832K	Add +216.5%
MMM 3M Co.	0.13%	5,173	$828K	New
TT Trane Technologies PLC	0.13%	2,115	$823K	Add +2.7%
BKNG Booking Holdings Inc.	0.13%	152	$814K	Add +3.4%
DE Deere & Co.	0.13%	1,710	$796K	Add +0.5%
MO Altria Group Inc.	0.13%	13,747	$793K	New
IEMG iShares Core MSCI Emerging	0.13%	11,577	$778K	Add +2.2%
PJT PJT Partners Inc. Class A	0.12%	4,542	$759K	Reduce -5.4%
VEEV Veeva Systems Inc. Class A	0.12%	3,392	$757K	Add +5.2%
BRK.A Berkshire Hathaway Inc. Class A	0.12%	1	$755K	No change
JLL Jones Lang Lasalle Inc.	0.12%	2,229	$750K	Add +0.2%
DEO Diageo PLC-Sponsored ADR	0.12%	8,299	$716K	Reduce -23.8%
DY Dycom Industries Inc.	0.12%	2,106	$712K	Add +1.6%
NXPI NXP Semiconductors NV	0.11%	3,124	$678K	Reduce -52.1%
URI United Rentals Inc.	0.11%	837	$677K	Reduce -2.3%
BBIO Bridgebio Pharma Inc.	0.11%	8,806	$674K	Add +1.1%
JEMA JPMorgan Activebuilders Emer	0.11%	13,476	$660K	Add +13.6%
CSTL Castle Biosciences Inc.	0.11%	16,706	$650K	Reduce -15.6%
VXUS Vanguard Total Intl Stock	0.11%	8,567	$646K	No change
UNH Unitedhealth Group Inc.	0.10%	1,934	$638K	Add +2.2%
MRK Merck & Co. Inc.	0.10%	6,002	$632K	New
GWRE Guidewire Software Inc.	0.10%	3,061	$615K	Add +3.9%
DKS Dick's Sporting Goods Inc.	0.10%	3,018	$597K	No change
AMD Advanced Micro Devices	0.10%	2,727	$584K	Reduce -25.0%
EXPE Expedia Group Inc.	0.09%	2,040	$578K	Add +6.5%
FCNCA First Citizens Bcshs Class A	0.09%	268	$575K	Reduce -11.3%
GEV GE Vernova Inc.	0.09%	874	$571K	Reduce -18.7%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.09%	14,619	$555K	Reduce -5.6%
CSCO Cisco Systems Inc.	0.09%	7,187	$554K	Reduce -1.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.09%	10,005	$550K	Add +10.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.09%	1,895	$550K	No change
AEE Ameren Corporation	0.09%	5,487	$548K	Add +1.6%
VIRT Virtu Financial Inc. Class A	0.09%	16,140	$538K	Add +9.7%
LNT Alliant Energy Corp.	0.09%	8,222	$535K	Add +0.1%
HLI Houlihan Lokey Inc.	0.09%	3,054	$532K	No change
OC Owens Corning	0.09%	4,730	$529K	Add +24.6%
MTUM iShares MSCI USA Momentum Fa	0.09%	2,099	$525K	No change
AIG American International Group	0.08%	6,090	$521K	Add +0.6%
DELL Dell Technologies -C	0.08%	4,136	$521K	Reduce -0.5%
MPC Marathon Petroleum Corp.	0.08%	3,181	$517K	Reduce -0.7%
SU Suncor Energy Inc.	0.08%	11,567	$513K	Reduce -2.0%
TMUS T-Mobile US Inc.	0.08%	2,474	$502K	Reduce -0.8%
EW Edwards Lifesciences Corp.	0.08%	5,815	$496K	Reduce -4.6%
AS Amer Sports Inc.	0.08%	13,128	$490K	Reduce -5.5%
MAR Marriott International Class A	0.08%	1,567	$486K	Add +1.1%
PCOR Procore Technologies Inc.	0.08%	6,506	$473K	Add +5.4%
COF Capital One Financial Corp.	0.08%	1,915	$464K	Add +10.7%
USMV iShares MSCI USA Min Vol Fac	0.07%	4,883	$460K	No change
VIG Vanguard Dividend Apprec ETF	0.07%	2,065	$454K	No change
WSO Watsco Inc.	0.07%	1,343	$453K	Add +18.6%
TMO Thermo Fisher Scientific Inc.	0.07%	771	$447K	Reduce -1.0%
ATRO Astronics Corp.	0.07%	7,777	$422K	Reduce -1.0%
ADI Analog Devices Inc.	0.07%	1,553	$421K	Add +0.7%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.07%	4,107	$420K	New
EVR Evercore Inc. Class A	0.07%	1,235	$420K	Reduce -5.9%
ABT Abbott Laboratories	0.07%	3,316	$415K	Add +0.6%
SOLV Solventum Corp.	0.07%	5,212	$413K	Add +33.9%
SANM Sanmina Corp.	0.07%	2,751	$413K	No change
VICR Vicor Corp.	0.07%	3,757	$412K	New
AMTM Amentum Holdings Inc.	0.07%	14,166	$411K	Reduce -0.4%
MOG.A Moog Inc. Class A	0.07%	1,686	$411K	No change
SPXC SPX Technologies Inc.	0.07%	2,050	$410K	No change
ORCL Oracle Corp.	0.07%	2,099	$409K	Reduce -25.6%
CYTK Cytokinetics Inc.	0.07%	6,407	$407K	Add +1.6%
WEC WEC Energy Group Inc.	0.07%	3,800	$401K	Add +20.4%
SGI Somnigroup International Inc.	0.06%	4,265	$381K	Add +2.1%
STIP iShares 0-5 Year Tips Bond E	0.06%	3,718	$381K	Add +73.4%
TKR Timken Co.	0.06%	4,450	$374K	Add +22.5%
ONEQ Fidelity Nasdaq Comp Indx	0.06%	4,002	$366K	Add +5.8%
EVLV Evolv Technologies Holdings	0.06%	49,261	$353K	Reduce -0.9%
ATRC Atricure Inc.	0.06%	8,805	$348K	Add +6.0%
STVN Stevanato Group SPA	0.06%	17,109	$344K	Add +5.6%
ELV Elevance Health Inc.	0.06%	979	$343K	Add +27.6%
RTX RTX Corp.	0.06%	1,867	$342K	Add +1.3%
HON Honeywell International Inc.	0.06%	1,752	$342K	Reduce -3.4%
POOL Pool Corp.	0.06%	1,482	$339K	Add +9.3%
CHRW C.H. Robinson Worldwide Inc.	0.05%	2,075	$334K	Add +0.5%
CARR Carrier Global Corp.	0.05%	6,308	$333K	Reduce -4.8%
APPF Appfolio Inc. Class A	0.05%	1,414	$329K	Add +8.8%
TXN Texas Instruments Inc.	0.05%	1,883	$327K	New
BMY Bristol-Myers Squibb Co.	0.05%	6,048	$326K	Reduce -10.0%
CBSH Commerce Bancshares Inc.	0.05%	6,204	$325K	Add +5.0%
KORP American Century Diversified	0.05%	6,782	$320K	Add +7.6%
CAT Caterpillar Inc.	0.05%	555	$318K	Add +8.0%
D Dominion Energy Inc.	0.05%	5,419	$317K	Reduce -0.6%
CWST Casella Waste Systems Inc. Class A	0.05%	3,173	$311K	No change
KLAC KLA Corp.	0.05%	251	$305K	Add +7.3%
LLY Eli Lilly & Co.	0.05%	281	$302K	Reduce -45.6%
GXO Gxo Logistics Inc.	0.05%	5,696	$300K	Add +4.0%
BATRK Atlanta Braves Holdings in-C	0.05%	7,559	$298K	Add +6.1%
PI Impinj Inc.	0.05%	1,712	$298K	Reduce -6.2%
ZTS Zoetis Inc.	0.05%	2,356	$296K	Reduce -70.2%
ROP Roper Technologies Inc.	0.05%	659	$293K	Reduce -41.3%
VEU Vanguard Ftse All-World Ex-U	0.05%	3,950	$291K	No change
RJF Raymond James Financial Inc.	0.05%	1,809	$291K	Add +0.1%
QXO Qxo Inc.	0.05%	14,963	$289K	Add +4.9%
ALLE Allegion PLC	0.05%	1,812	$289K	Add +20.3%
JPIB JPMorgan Intl BND ETF	0.05%	5,904	$288K	New
IWR iShares Russell Mid-Cap ETF	0.05%	2,943	$283K	Reduce -4.5%
WSM Williams-Sonoma Inc.	0.05%	1,581	$282K	No change
OGE Oge Energy Corp.	0.05%	6,606	$282K	No change
SPY SS SPDR S&P 500 ETF Trust-US	0.04%	402	$274K	No change
IVW iShares S&P 500 Growth ETF	0.04%	2,184	$269K	No change
R Ryder System Inc.	0.04%	1,396	$267K	No change
GATX Gatx Corp.	0.04%	1,575	$267K	No change
FLS Flowserve Corp.	0.04%	3,827	$266K	No change
ILMN Illumina Inc.	0.04%	2,018	$265K	Reduce -4.4%
SMCI Super Micro Computer Inc.	0.04%	8,969	$263K	Reduce -3.3%
LOW Lowe's Cos Inc.	0.04%	1,087	$262K	Reduce -22.1%
FCFS Firstcash Holdings Inc.	0.04%	1,635	$261K	No change
MPWR Monolithic Power Systems Inc.	0.04%	282	$256K	Add +0.4%
KEY Keycorp	0.04%	12,310	$254K	No change
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.04%	2,214	$252K	Reduce -9.3%
PG The Procter & Gamble Co.	0.04%	1,744	$250K	Add +6.0%
DOV Dover Corp.	0.04%	1,264	$247K	Add +0.8%
FELE Franklin Electric Co. Inc.	0.04%	2,530	$242K	No change
VUG Vanguard Mrngstar GR ETF-Sui	0.04%	490	$239K	Reduce -5.6%
AVTR Avantor Inc.	0.04%	20,518	$235K	Add +8.7%
PNFP Pinnacle Financial Partners	0.04%	2,462	$235K	Reduce -25.0%
ARM Arm Holdings PLC-ADR	0.04%	2,116	$231K	No change
SBUX Starbucks Corp.	0.04%	2,730	$230K	Reduce -13.5%
HWC Hancock Whitney Corp.	0.04%	3,561	$227K	Add +0.3%
PEGA Pegasystems Inc.	0.04%	3,751	$224K	Add +3.2%
ITW Illinois Tool Works	0.04%	908	$224K	Add +3.9%
ELAN Elanco Animal Health Inc.	0.04%	9,874	$223K	New
CWAN Clearwater Analytics HDS-A	0.04%	9,227	$223K	New
PSN Parsons Corp.	0.04%	3,561	$220K	No change
SMMV iShares MSCI USA Small-Cap M	0.04%	5,077	$220K	Reduce -4.6%
SF Stifel Financial Corp.	0.04%	1,732	$217K	New
MSGS Madison Square Garden Sports	0.04%	834	$216K	New
FERG Ferguson Enterprises Inc.	0.03%	958	$213K	Add +6.2%
MTH Meritage Homes Corp.	0.03%	3,144	$207K	No change
RGA Reinsurance Group of America	0.03%	1,015	$207K	New
VTV Vanguard Mrngstr Val ETF-Aui	0.03%	1,064	$203K	Reduce -5.5%
EXTR Extreme Networks Inc.	0.03%	12,124	$202K	Add +0.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.03%	1,733	$201K	New
MDY State Street SPDR S&P Midcap	0.03%	332	$200K	Reduce -3.2%
UTZ Utz Brands Inc.	0.03%	17,986	$187K	Add +10.8%
LXU LSB Industries Inc.	0.02%	16,668	$142K	Add +2.6%
XAWFX Alliancebernstein GL Hi Inc.	0.02%	12,287	$131K	New
KOPN Kopin Corp.	0.02%	46,303	$108K	New
STKL Sunopta Inc.	0.01%	20,668	$79K	Reduce -11.5%
INDI Indie Semiconductor Inc. Class A	0.01%	15,964	$56K	Reduce -5.8%

Portfolio Sells Q3 2025 → Q4 2025


MSFT Microsoft Corp.	Reduce -0.2%	2.72%	−0.30
KVUE Kenvue Inc.	Sold out	0.00%	−0.26
VZ Verizon Communications Inc.	Reduce -20.7%	0.55%	−0.22
T AT&T Inc.	Reduce -30.9%	0.29%	−0.21
XEL Xcel Energy Inc.	Reduce -7.3%	0.68%	−0.15
WMB Williams Cos Inc.	Reduce -13.7%	0.56%	−0.15
ZTS Zoetis Inc.	Reduce -70.2%	0.05%	−0.15
UBER Uber Technologies Inc.	Reduce -4.3%	0.48%	−0.14
NXPI NXP Semiconductors NV	Reduce -52.1%	0.11%	−0.14
DAKT Daktronics Inc.	Reduce -1.5%	1.24%	−0.14
NOW ServiceNow Inc.	Reduce -2.3%	0.49%	−0.13
ARE Alexandria Real Estate Equit	Sold out	0.00%	−0.12
CSGP Costar Group Inc.	Reduce -16.5%	0.22%	−0.12
WDAY Workday Inc. Class A	Sold out	0.00%	−0.12
SO The Southern Co.	Reduce -4.3%	0.62%	−0.11
CM Can Imperial BK of Commerce	Reduce -34.7%	0.24%	−0.09
CVX Chevron Corp.	Reduce -8.6%	0.58%	−0.09
MS Morgan Stanley	Reduce -40.6%	0.15%	−0.08
LYB Lyondellbasell Indu Class A	Sold out	0.00%	−0.08
NVDA Nvidia Corp.	Reduce -2.3%	1.25%	−0.07
DUK Duke Energy Corp.	Reduce -0.9%	0.71%	−0.07
CTAS Cintas Corp.	Reduce -2.0%	0.47%	−0.07
HBAN Huntington Bancshares Inc.	Reduce -8.9%	0.54%	−0.07
CB Chubb Ltd.	Reduce -35.0%	0.16%	−0.07
ENB Enbridge Inc.	Reduce -0.5%	0.73%	−0.07
TDG Transdigm Group Inc.	Reduce -28.6%	0.16%	−0.07
O Realty Income Corp.	Reduce -5.8%	0.37%	−0.07
ORCL Oracle Corp.	Reduce -25.6%	0.07%	−0.07
UPS United Parcel Service Class B	Sold out	0.00%	−0.07
PGR Progressive Corp.	Reduce -3.1%	0.41%	−0.06
ADSK Autodesk Inc.	Reduce -3.1%	0.40%	−0.06
DEO Diageo PLC-Sponsored ADR	Reduce -23.8%	0.12%	−0.06
FISV Fiserv Inc.	Sold out	0.00%	−0.05
PANW Palo Alto Networks Inc.	Sold out	0.00%	−0.05
IJR iShares Core S&P Small-Cap E	Reduce -0.0%	2.37%	−0.05
IJH iShares Core S&P Midcap ETF	Reduce -0.0%	2.14%	−0.05
ROP Roper Technologies Inc.	Reduce -41.3%	0.05%	−0.05
QAI Nylim HDG MLT-STR TRC ETF-Ui	Sold out	0.00%	−0.04
PYPL PayPal Holdings Inc.	Sold out	0.00%	−0.04
ABBV Abbvie Inc.	Reduce -0.9%	0.76%	−0.04
CBT Cabot Corp.	Sold out	0.00%	−0.04
ADBE Adobe Inc.	Sold out	0.00%	−0.04
ETR Entergy Corp.	Reduce -7.0%	0.34%	−0.04
TTD Trade Desk Inc./the Class A	Reduce -5.6%	0.09%	−0.04
GTLS Chart Industries Inc.	Sold out	0.00%	−0.04
FOXF Fox Factory Holding Corp.	Sold out	0.00%	−0.03
MDLZ Mondelez International Inc. Class A	Sold out	0.00%	−0.03
MA Mastercard Inc. Class A	Reduce -1.7%	0.72%	−0.03
SMCI Super Micro Computer Inc.	Reduce -3.3%	0.04%	−0.03
PPL PPL Corp.	Reduce -1.1%	0.26%	−0.03

Portfolio Buys Q3 2025 → Q4 2025


COST Costco Wholesale Corp.	Add +126.3%	1.23%	+0.63
AXP American Express Co.	New	0.37%	+0.37
AVGO Broadcom Inc.	Add +219.9%	0.51%	+0.35
CME Cme Group Inc.	New	0.22%	+0.22
DHR Danaher Corp.	New	0.17%	+0.17
PEP Pepsico Inc.	Add +71.4%	0.39%	+0.16
IOT Samsara Inc. Class A	Add +210.5%	0.23%	+0.15
MMM 3M Co.	New	0.13%	+0.13
BTI British American Tob-SP ADR	Add +22.3%	0.64%	+0.13
MO Altria Group Inc.	New	0.13%	+0.13
PLD Prologis Inc.	Add +19.8%	0.55%	+0.12
AAPL Apple Inc.	Add +1.7%	2.42%	+0.12
SCHW Schwab (charles) Corp.	Add +258.0%	0.16%	+0.12
ISRG Intuitive Surgical Inc.	Add +1.8%	0.55%	+0.11
MRK Merck & Co. Inc.	New	0.10%	+0.10
AMGN Amgen Inc.	Add +4.1%	0.69%	+0.10
FICO Fair Isaac Corp.	Add +70.2%	0.21%	+0.10
PFE Pfizer Inc.	Add +21.4%	0.75%	+0.10
TJX TJX Companies Inc.	Add +106.0%	0.18%	+0.09
AMP Ameriprise Financial Inc.	Add +165.5%	0.15%	+0.09
PAYX Paychex Inc.	Add +216.5%	0.14%	+0.09
JNJ Johnson & Johnson	Add +8.0%	0.58%	+0.08
XOM Exxon Mobil Corp.	Add +10.0%	0.68%	+0.08
GSK GSK PLC-Spon ADR	Add +10.1%	0.45%	+0.08
UL Unilever PLC-Sponsored ADR	Add +71.7%	0.20%	+0.08
USB US Bancorp	Add +4.9%	0.71%	+0.08
TROW T Rowe Price Group Inc.	New	0.07%	+0.07
VICR Vicor Corp.	New	0.07%	+0.07
WFC Wells Fargo & Co.	Add +13.0%	0.33%	+0.06
WST West Pharmaceutical Services	Add +41.3%	0.19%	+0.06
FBND Fidelity Total Bond ETF	Add +74.2%	0.14%	+0.06
IVV iShares Core S&P 500 ETF	Add +8.7%	0.76%	+0.05
TXN Texas Instruments Inc.	New	0.05%	+0.05
AMCR Amcor PLC	Add +38.8%	0.19%	+0.05
DKNG Draftkings Inc. Class A	Add +72.6%	0.14%	+0.05
JPIB JPMorgan Intl BND ETF	New	0.05%	+0.05
TFC Truist Financial Corp.	Add +5.4%	0.50%	+0.04
HLT Hilton Worldwide Holdings Inc.	Add +1.1%	0.48%	+0.04
ELAN Elanco Animal Health Inc.	New	0.04%	+0.04
CWAN Clearwater Analytics HDS-A	New	0.04%	+0.04
SF Stifel Financial Corp.	New	0.04%	+0.04
MSGS Madison Square Garden Sports	New	0.04%	+0.04
RWJ Invesco S&P Smallcap 600	Add +26.7%	0.18%	+0.03
BBIO Bridgebio Pharma Inc.	Add +1.1%	0.11%	+0.03
RGA Reinsurance Group of America	New	0.03%	+0.03
BNY Bank of New York Mellon Corp.	New	0.03%	+0.03
AMZN Amazon.com Inc.	Add +1.4%	1.02%	+0.03
EXPE Expedia Group Inc.	Add +6.5%	0.09%	+0.03
STIP iShares 0-5 Year Tips Bond E	Add +73.4%	0.06%	+0.02
NGG National Grid PLC-SP ADR	Add +0.7%	0.68%	+0.02

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