First National Bank Sioux Falls

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 15, 2025), First National Bank Sioux Falls reported 132 stock positions worth $247.1 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 9.7% of the portfolio, followed by Avantis International Equity (AVDE, 6.7%) and iShares Core MSCI Dev MKTS (IDEV, 6.7%). Compared with Q4 2024, it opened 7 new positions, sold out of 4, added to 30 and reduced 22. The biggest buy was Invesco S&P 500 Equal Weight (RSP, shares +95%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −2%).

Most Recent 13F
Q2 2026
Location
SIOUX FALLS, SD
CIK
0001085041
Portfolio Value
$247.1M (Q1 2025)
SEC Filing
0001085041-25-000002 ↗ filed Apr 15, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $183.2M Q1 2024 Q2 2024: $192.7M Q2 2024 Q3 2024: $219.9M Q3 2024 Q4 2024: $234.8M Q4 2024 Q1 2025: $247.1M $247.1M Q1 2025 Q2 2025: $272.5M Q2 2025 Q3 2025: $320.7M Q3 2025 Q4 2025: $334.0M Q4 2025 Q1 2026: $365.5M Q1 2026 Q2 2026: $365.5M Q2 2026

Holdings 132 stocks · $247.1M
VOO Vanguard S&P 500 ETF 9.71% 46,691 $24.0M Reduce -2.3%
AVDE Avantis International Equity 6.74% 251,302 $16.7M Add +1.3%
IDEV iShares Core MSCI Dev MKTS 6.69% 240,074 $16.5M Reduce -7.5%
AVLV Avantis US Large Cap Value 5.24% 198,466 $12.9M Add +12.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 4.69% 44,791 $11.6M Add +12.8%
VTV Vanguard Mrngstr Val ETF-Aui 3.59% 51,306 $8.9M Add +11.6%
DFAX Dimensional World Ex US Core 3.27% 308,472 $8.1M Reduce -1.3%
DFAS Dimensional US Small Cap ETF 3.16% 130,788 $7.8M Add +15.8%
RSP Invesco S&P 500 Equal Weight 2.91% 41,451 $7.2M Add +94.6%
SCHG Schwab US Large-Cap Growth 2.68% 264,457 $6.6M Add +10.0%
AVUV Avantis US Small Cap Value 2.49% 70,484 $6.1M Add +7.9%
BRK.B Berkshire Hathaway Inc. Class B 2.33% 10,832 $5.8M Reduce -4.7%
DFUV Dimensional US Marketwide Va 2.24% 134,254 $5.5M No change
AAPL Apple Inc. 2.20% 24,484 $5.4M Add +8.0%
AVDV Avantis Intl S/C Value ETF 1.87% 66,291 $4.6M Add +7.5%
V Visa Inc. Class A 1.82% 12,852 $4.5M No change
AMZN Amazon.com Inc. 1.57% 20,405 $3.9M Add +9.2%
APO Apollo Global Management Inc. 1.56% 28,127 $3.9M No change
MSFT Microsoft Corp. 1.34% 8,841 $3.3M Add +17.3%
SPY SS SPDR S&P 500 ETF Trust-US 1.34% 5,929 $3.3M No change
IWF iShares Russell 1000 Growth 1.03% 7,046 $2.5M Add +1.9%
BX Blackstone Inc. 0.94% 16,693 $2.3M No change
DFAI Dimensional International Co. 0.89% 70,583 $2.2M Add +578.1%
JPM JPMorgan Chase & Co. 0.83% 8,364 $2.1M Reduce -2.7%
CAT Caterpillar Inc. 0.78% 5,851 $1.9M No change
GOOGL Alphabet Inc. Class A 0.75% 12,007 $1.9M Add +18.2%
Minnehaha Banshares Inc-Common 0.73% 9,174 $1.8M No change
IWP iShares Russell Mid-Cap Grow 0.73% 15,290 $1.8M No change
ORCL Oracle Corp. 0.72% 12,808 $1.8M No change
MA Mastercard Inc. Class A 0.72% 3,253 $1.8M No change
XOM Exxon Mobil Corp. 0.67% 13,827 $1.6M Add +56.9%
KKR KKR & Co. Inc. 0.65% 13,888 $1.6M No change
VEA Vanguard Ftse Developed ETF 0.61% 29,440 $1.5M Add +191.3%
META Meta Platforms Inc. Class A 0.60% 2,571 $1.5M Add +28.2%
PEP Pepsico Inc. 0.55% 9,099 $1.4M Add +222.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.55% 32,438 $1.4M No change
ABBV Abbvie Inc. 0.54% 6,343 $1.3M Add +3.8%
MUB iShares National Muni Bond E 0.54% 12,551 $1.3M No change
SHW The Sherwin-Williams Co. 0.52% 3,681 $1.3M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.51% 3,388 $1.3M No change
AVMV Avantis US Mid Cap Val ETF 0.49% 19,568 $1.2M New
UNP Union Pacific Corp. 0.48% 5,056 $1.2M No change
CSX CSX Corp. 0.48% 40,500 $1.2M No change
UBER Uber Technologies Inc. 0.43% 14,711 $1.1M Add +0.0%
LLY Eli Lilly & Co. 0.42% 1,247 $1.0M No change
IVW iShares S&P 500 Growth ETF 0.41% 11,012 $1.0M No change
WFC Wells Fargo & Co. 0.41% 14,137 $1.0M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.41% 10,189 $1.0M No change
BBN BlackRock Taxable Muni BND 0.39% 58,446 $975K No change
MTBA Simplify MBS ETF 0.38% 18,732 $939K Add +212.7%
ORLY O'reilly Automotive Inc. 0.36% 616 $882K No change
PM Philip Morris International 0.35% 5,455 $866K Reduce -4.6%
VYM Vanguard High DVD Yield ETF 0.35% 6,672 $860K Add +2.9%
CVX Chevron Corp. 0.33% 4,836 $809K Add +11.4%
IWO iShares Russell 2000 Growth 0.33% 3,159 $807K No change
JNJ Johnson & Johnson 0.33% 4,860 $806K Reduce -4.0%
UNH Unitedhealth Group Inc. 0.32% 1,525 $799K Reduce -6.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.32% 6,400 $780K No change
PG The Procter & Gamble Co. 0.31% 4,436 $756K No change
DFAU Dimensional US Core Equity M 0.30% 19,461 $748K No change
EXPE Expedia Group Inc. 0.28% 4,176 $702K No change
IEFA iShares Core MSCI Eafe ETF 0.28% 9,167 $693K Add +7.8%
IJH iShares Core S&P Midcap ETF 0.27% 11,569 $675K No change
TRV The Travelers Cos Inc. 0.27% 2,546 $673K Reduce -0.1%
KO The Coca-Cola Co. 0.26% 8,926 $639K New
CSCO Cisco Systems Inc. 0.24% 9,677 $597K No change
DFCA Dimensional Calfornia MB ETF 0.24% 12,000 $595K Add +9.1%
SBUX Starbucks Corp. 0.24% 6,008 $589K Reduce -4.5%
NOW ServiceNow Inc. 0.24% 740 $589K No change
CMF iShares California Muni Bond 0.23% 10,000 $563K Reduce -2.2%
BMY Bristol-Myers Squibb Co. 0.23% 9,195 $561K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.22% 2,225 $553K Reduce -26.4%
VNO Vornado Realty Trust 0.22% 14,621 $541K No change
ABT Abbott Laboratories 0.21% 3,890 $516K No change
SYLD Cambria Shareholder Yield Et 0.21% 8,009 $511K Add +11.8%
LOW Lowe's Cos Inc. 0.21% 2,174 $507K Add +38.1%
GLD SPDR Gold Shares 0.20% 1,755 $506K No change
CMI Cummins Inc. 0.20% 1,600 $502K No change
HD Home Depot Inc. 0.20% 1,363 $500K Add +27.9%
GOOG Alphabet Inc. Class C 0.20% 3,157 $493K No change
SPG Simon Property Group Inc. 0.20% 2,965 $492K No change
MNST Monster Beverage Corp. 0.20% 8,310 $486K No change
WST West Pharmaceutical Services 0.19% 2,135 $478K New
VBR Vngrd Mrngst SL-CP Val ETF-U 0.18% 2,428 $452K No change
LMT Lockheed Martin Corp. 0.18% 993 $444K No change
WM Waste Management Inc. 0.17% 1,850 $428K Reduce -12.1%
MCD McDonald's Corp. 0.17% 1,339 $418K Reduce -11.8%
DBA Invesco DB Agriculture Fund 0.16% 15,430 $406K No change
PSX Phillips 66 0.16% 3,184 $393K No change
DGRW Wisdomtree U.S. Quality Divi 0.16% 4,897 $391K Add +10.1%
GD General Dynamics Corp. 0.15% 1,405 $383K Reduce -4.9%
AWI Armstrong World Industries 0.15% 2,661 $375K No change
AEP American Electric Power 0.15% 3,375 $369K No change
ADP Automatic Data Processing 0.15% 1,200 $367K No change
VNQ Vanguard Real Estate ETF 0.15% 4,017 $364K Reduce -49.3%
NEE Nextera Energy Inc. 0.14% 4,918 $349K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.14% 828 $348K No change
APD Air Products & Chemicals Inc. 0.14% 1,178 $347K No change
WMT Walmart Inc. 0.14% 3,946 $346K Reduce -0.9%
EEM iShares MSCI Emerging Market 0.14% 7,839 $343K No change

Show all 132 holdings

Portfolio Sells Q4 2024 → Q1 2025
VOO Vanguard S&P 500 ETF Reduce -2.3% 9.71% −1.25
IDEV iShares Core MSCI Dev MKTS Reduce -7.5% 6.69% −0.44
NVDA Nvidia Corp. Sold out 0.00% −0.27
VNQ Vanguard Real Estate ETF Reduce -49.3% 0.15% −0.15
AVGO Broadcom Inc. Reduce -39.7% 0.10% −0.15
PYPL PayPal Holdings Inc. Sold out 0.00% −0.11
PFE Pfizer Inc. Sold out 0.00% −0.09
SRE Sempra Sold out 0.00% −0.09
IBM Intl Business Machines Corp. Reduce -26.4% 0.22% −0.06
JPM JPMorgan Chase & Co. Reduce -2.7% 0.83% −0.05
DFAX Dimensional World Ex US Core Reduce -1.3% 3.27% −0.04
UNH Unitedhealth Group Inc. Reduce -6.2% 0.32% −0.03
DE Deere & Co. Reduce -28.3% 0.08% −0.03
NKE Nike Inc. Class B Reduce -0.7% 0.09% −0.02
DLTR Dollar Tree Inc. Reduce -16.9% 0.09% −0.02
CMF iShares California Muni Bond Reduce -2.2% 0.23% −0.02
MCD McDonald's Corp. Reduce -11.8% 0.17% −0.02
MRK Merck & Co. Inc. Reduce -0.1% 0.10% −0.02
WMT Walmart Inc. Reduce -0.9% 0.14% −0.01
GD General Dynamics Corp. Reduce -4.9% 0.15% −0.01
WM Waste Management Inc. Reduce -12.1% 0.17% −0.01
SBUX Starbucks Corp. Reduce -4.5% 0.24% −0.01
TRV The Travelers Cos Inc. Reduce -0.1% 0.27% +0.01
JNJ Johnson & Johnson Reduce -4.0% 0.33% +0.01
PM Philip Morris International Reduce -4.6% 0.35% +0.06
BRK.B Berkshire Hathaway Inc. Class B Reduce -4.7% 2.33% +0.14

Portfolio Buys Q4 2024 → Q1 2025
RSP Invesco S&P 500 Equal Weight Add +94.6% 2.91% +1.32
DFAI Dimensional International Co. Add +578.1% 0.89% +0.76
AVMV Avantis US Mid Cap Val ETF New 0.49% +0.49
VEA Vanguard Ftse Developed ETF Add +191.3% 0.61% +0.40
PEP Pepsico Inc. Add +222.0% 0.55% +0.37
VTV Vanguard Mrngstr Val ETF-Aui Add +11.6% 3.59% +0.27
XOM Exxon Mobil Corp. Add +56.9% 0.67% +0.26
KO The Coca-Cola Co. New 0.26% +0.26
AVDE Avantis International Equity Add +1.3% 6.74% +0.26
MTBA Simplify MBS ETF Add +212.7% 0.38% +0.25
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +12.8% 4.69% +0.22
AVLV Avantis US Large Cap Value Add +12.2% 5.24% +0.21
WST West Pharmaceutical Services New 0.19% +0.19
AVDV Avantis Intl S/C Value ETF Add +7.5% 1.87% +0.16
YUM Yum! Brands Inc. New 0.11% +0.11
RTX RTX Corp. New 0.11% +0.11
ICLR Icon PLC New 0.11% +0.11
META Meta Platforms Inc. Class A Add +28.2% 0.60% +0.10
EFA iShares MSCI Eafe ETF New 0.09% +0.09
ABBV Abbvie Inc. Add +3.8% 0.54% +0.08
CVX Chevron Corp. Add +11.4% 0.33% +0.06
UBER Uber Technologies Inc. Add +0.0% 0.43% +0.06
LOW Lowe's Cos Inc. Add +38.1% 0.21% +0.04
DFAS Dimensional US Small Cap ETF Add +15.8% 3.16% +0.03
IEFA iShares Core MSCI Eafe ETF Add +7.8% 0.28% +0.03
HD Home Depot Inc. Add +27.9% 0.20% +0.03
DFCA Dimensional Calfornia MB ETF Add +9.1% 0.24% +0.01
DGRW Wisdomtree U.S. Quality Divi Add +10.1% 0.16% +0.00
SYLD Cambria Shareholder Yield Et Add +11.8% 0.21% −0.00
VYM Vanguard High DVD Yield ETF Add +2.9% 0.35% −0.00
MSFT Microsoft Corp. Add +17.3% 1.34% −0.01
GOOGL Alphabet Inc. Class A Add +18.2% 0.75% −0.07
IWF iShares Russell 1000 Growth Add +1.9% 1.03% −0.15
SCHG Schwab US Large-Cap Growth Add +10.0% 2.68% −0.17
AMZN Amazon.com Inc. Add +9.2% 1.57% −0.18
AVUV Avantis US Small Cap Value Add +7.9% 2.49% −0.20
AAPL Apple Inc. Add +8.0% 2.20% −0.22

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 147$365.5MVOO, JMTG, AVDE, IDEV, AVLV
Q1 2026 147$365.5MVOO, JMTG, AVDE, IDEV, AVLV
Q4 2025 139$334.0MVOO, JMTG, AVDE, IDEV, AVLV
Q3 2025 138$320.7MJMTG, VOO, AVDE, IDEV, AVLV
Q2 2025 134$272.5MVOO, AVDE, IDEV, AVLV, VO
Q1 2025 132$247.1MVOO, AVDE, IDEV, AVLV, VO
Q4 2024 129$234.8MVOO, IDEV, AVDE, AVLV, VO
Q3 2024 127$219.9MVOO, IDEV, AVDE, AVLV, VO
Q2 2024 126$192.7MVOO, IDEV, AVDE, AVLV, DFAX
Q1 2024 128$183.2MVOO, IDEV, AVDE, DFAX, AVLV