First National Bank Sioux Falls

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 1, 2025), First National Bank Sioux Falls reported 134 stock positions worth $272.5 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 8.7% of the portfolio, followed by Avantis International Equity (AVDE, 7.3%) and iShares Core MSCI Dev MKTS (IDEV, 6.8%). Compared with Q1 2025, it opened 9 new positions, sold out of 7, added to 52 and reduced 34. The biggest buy was Invesco S&P 500 Equal Weight (RSP, shares +37%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −10%).

Most Recent 13F
Q2 2026
Location
SIOUX FALLS, SD
CIK
0001085041
Portfolio Value
$272.5M (Q2 2025)
SEC Filing
0001085041-25-000003 ↗ filed Jul 1, 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 Q1 2025 Q2 2025: $272.5M $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 134 stocks · $272.5M
VOO Vanguard S&P 500 ETF 8.75% 41,969 $23.8M Reduce -10.1%
AVDE Avantis International Equity 7.29% 268,328 $19.9M Add +6.8%
IDEV iShares Core MSCI Dev MKTS 6.79% 243,310 $18.5M Add +1.4%
AVLV Avantis US Large Cap Value 5.21% 208,306 $14.2M Add +5.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 4.80% 46,699 $13.1M Add +4.3%
RSP Invesco S&P 500 Equal Weight 3.79% 56,843 $10.3M Add +37.1%
VTV Vanguard Mrngstr Val ETF-Aui 3.48% 53,716 $9.5M Add +4.7%
DFAX Dimensional World Ex US Core 3.32% 308,472 $9.1M No change
DFAS Dimensional US Small Cap ETF 3.02% 129,368 $8.2M Reduce -1.1%
SCHG Schwab US Large-Cap Growth 2.93% 272,990 $8.0M Add +3.2%
AVUV Avantis US Small Cap Value 2.40% 71,646 $6.5M Add +1.6%
DFUV Dimensional US Marketwide Va 2.08% 134,254 $5.7M No change
AMZN Amazon.com Inc. 2.06% 25,606 $5.6M Add +25.5%
AVDV Avantis Intl S/C Value ETF 2.02% 69,302 $5.5M Add +4.5%
BRK.B Berkshire Hathaway Inc. Class B 1.92% 10,768 $5.2M Reduce -0.6%
AAPL Apple Inc. 1.68% 22,357 $4.6M Reduce -8.7%
V Visa Inc. Class A 1.66% 12,767 $4.5M Reduce -0.7%
APO Apollo Global Management Inc. 1.52% 29,169 $4.1M Add +3.7%
SPY SS SPDR S&P 500 ETF Trust-US 1.34% 5,929 $3.7M No change
MSFT Microsoft Corp. 1.33% 7,264 $3.6M Reduce -17.8%
IWF iShares Russell 1000 Growth 1.10% 7,036 $3.0M Reduce -0.1%
DFAI Dimensional International Co. 1.03% 81,269 $2.8M Add +15.1%
ORCL Oracle Corp. 1.01% 12,630 $2.8M Reduce -1.4%
BX Blackstone Inc. 0.90% 16,446 $2.5M Reduce -1.5%
JPM JPMorgan Chase & Co. 0.88% 8,294 $2.4M Reduce -0.8%
CAT Caterpillar Inc. 0.81% 5,653 $2.2M Reduce -3.4%
GOOGL Alphabet Inc. Class A 0.80% 12,321 $2.2M Add +2.6%
IWP iShares Russell Mid-Cap Grow 0.78% 15,290 $2.1M No change
META Meta Platforms Inc. Class A 0.74% 2,745 $2.0M Add +6.8%
KKR KKR & Co. Inc. 0.67% 13,674 $1.8M Reduce -1.5%
Minnehaha Banshares Inc-Common 0.66% 9,174 $1.8M No change
MA Mastercard Inc. Class A 0.65% 3,160 $1.8M Reduce -2.9%
VEA Vanguard Ftse Developed ETF 0.62% 29,440 $1.7M No change
UBER Uber Technologies Inc. 0.59% 17,091 $1.6M Add +16.2%
AVMV Avantis US Mid Cap Val ETF 0.55% 22,934 $1.5M Add +17.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.55% 3,388 $1.5M No change
MTBA Simplify MBS ETF 0.54% 29,273 $1.5M Add +56.3%
XOM Exxon Mobil Corp. 0.52% 13,151 $1.4M Reduce -4.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.51% 29,311 $1.4M Reduce -9.6%
CSX CSX Corp. 0.48% 40,500 $1.3M No change
MUB iShares National Muni Bond E 0.48% 12,551 $1.3M No change
SHW The Sherwin-Williams Co. 0.46% 3,681 $1.3M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.46% 10,125 $1.3M Reduce -0.6%
IVW iShares S&P 500 Growth ETF 0.44% 11,012 $1.2M No change
ABBV Abbvie Inc. 0.43% 6,354 $1.2M Add +0.2%
UNP Union Pacific Corp. 0.42% 4,958 $1.1M Reduce -1.9%
WFC Wells Fargo & Co. 0.42% 14,167 $1.1M Add +0.2%
PEP Pepsico Inc. 0.39% 8,041 $1.1M Reduce -11.6%
WST West Pharmaceutical Services 0.38% 4,727 $1.0M Add +121.4%
PM Philip Morris International 0.36% 5,460 $994K Add +0.1%
LLY Eli Lilly & Co. 0.36% 1,257 $980K Add +0.8%
BBN BlackRock Taxable Muni BND 0.35% 58,446 $942K No change
IWO iShares Russell 2000 Growth 0.33% 3,159 $903K No change
DHR Danaher Corp. 0.33% 4,521 $893K New
VYM Vanguard High DVD Yield ETF 0.33% 6,691 $892K Add +0.3%
DFAU Dimensional US Core Equity M 0.30% 19,461 $824K No change
ORLY O'reilly Automotive Inc. 0.29% 8,899 $802K Reduce -3.7%
ASML ASML Holding NV-NY Reg SHS 0.29% 979 $785K New
IEFA iShares Core MSCI Eafe ETF 0.28% 9,167 $765K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.28% 6,178 $763K Reduce -3.5%
NOW ServiceNow Inc. 0.28% 742 $763K Add +0.3%
IJH iShares Core S&P Midcap ETF 0.28% 12,259 $760K Add +6.0%
CVX Chevron Corp. 0.26% 4,874 $698K Add +0.8%
PG The Procter & Gamble Co. 0.26% 4,374 $697K Reduce -1.4%
EXPE Expedia Group Inc. 0.25% 4,092 $690K Reduce -2.0%
TRV The Travelers Cos Inc. 0.25% 2,564 $686K Add +0.7%
JNJ Johnson & Johnson 0.25% 4,383 $670K Reduce -9.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.24% 2,193 $646K Reduce -1.4%
KO The Coca-Cola Co. 0.23% 8,969 $635K Add +0.5%
SBUX Starbucks Corp. 0.22% 6,641 $609K Add +10.5%
VNO Vornado Realty Trust 0.22% 15,710 $601K Add +7.5%
CSCO Cisco Systems Inc. 0.22% 8,544 $593K Reduce -11.7%
GOOG Alphabet Inc. Class C 0.21% 3,185 $565K Add +0.9%
SYLD Cambria Shareholder Yield Et 0.20% 8,253 $537K Add +3.0%
GLD SPDR Gold Shares 0.20% 1,755 $535K No change
ABT Abbott Laboratories 0.19% 3,877 $527K Reduce -0.3%
CMI Cummins Inc. 0.19% 1,600 $524K No change
MNST Monster Beverage Corp. 0.19% 8,310 $521K No change
HD Home Depot Inc. 0.18% 1,367 $501K Add +0.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.18% 2,514 $490K Add +3.5%
LOW Lowe's Cos Inc. 0.18% 2,189 $486K Add +0.7%
UNH Unitedhealth Group Inc. 0.17% 1,525 $476K No change
SPG Simon Property Group Inc. 0.17% 2,941 $473K Reduce -0.8%
DLTR Dollar Tree Inc. 0.17% 4,704 $466K Add +59.4%
DFCA Dimensional Calfornia MB ETF 0.17% 9,451 $466K Reduce -21.2%
LMT Lockheed Martin Corp. 0.17% 993 $460K No change
AVGO Broadcom Inc. 0.16% 1,574 $434K Add +3.5%
DGRW Wisdomtree U.S. Quality Divi 0.16% 5,150 $431K Add +5.2%
BMY Bristol-Myers Squibb Co. 0.16% 9,274 $429K Add +0.9%
GE General Electric filed as GE AEROSPACE 0.16% 1,663 $428K Add +2.8%
GD General Dynamics Corp. 0.15% 1,407 $410K Add +0.1%
AWI Armstrong World Industries 0.15% 2,521 $410K Reduce -5.3%
MCD McDonald's Corp. 0.14% 1,342 $392K Add +0.2%
WMT Walmart Inc. 0.14% 3,942 $385K Reduce -0.1%
EEM iShares MSCI Emerging Market 0.14% 7,839 $378K No change
ADP Automatic Data Processing 0.14% 1,204 $371K Add +0.3%
EA Electronic Arts Inc. 0.13% 2,274 $363K No change
VNQ Vanguard Real Estate ETF 0.13% 4,017 $358K No change
PSX Phillips 66 0.13% 2,946 $351K Reduce -7.5%
AEP American Electric Power 0.13% 3,375 $350K No change
NEE Nextera Energy Inc. 0.13% 4,918 $341K No change
DG Dollar General Corp. 0.12% 2,963 $339K No change
APD Air Products & Chemicals Inc. 0.12% 1,178 $332K No change
TMO Thermo Fisher Scientific Inc. 0.12% 813 $330K New
CRM Salesforce Inc. 0.12% 1,207 $329K Add +0.6%
CTSH Cognizant Tech Solutions-A 0.11% 4,000 $312K No change
NVDA Nvidia Corp. 0.11% 1,968 $311K New
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.11% 705 $311K Reduce -14.9%
BKH Black Hills Corp. 0.11% 5,483 $308K No change
HIFS Hingham Institution for SVGS 0.11% 1,230 $305K No change
DE Deere & Co. 0.11% 590 $300K Add +37.5%
COR Cencora Inc. 0.11% 1,000 $300K No change
RTX RTX Corp. 0.10% 1,955 $285K Reduce -2.3%
EMR Emerson Electric Co. 0.10% 2,101 $280K Add +0.1%
IVV iShares Core S&P 500 ETF 0.10% 449 $279K No change
MPC Marathon Petroleum Corp. 0.10% 1,653 $275K Add +0.3%
IAU iShares Gold Trust 0.10% 4,400 $274K No change
ADBE Adobe Inc. 0.10% 704 $272K Add +0.6%
YUM Yum! Brands Inc. 0.10% 1,798 $266K No change
HBAN Huntington Bancshares Inc. 0.10% 15,866 $266K No change
WM Waste Management Inc. 0.09% 1,102 $252K Reduce -40.4%
BLK BlackRock Inc. 0.09% 228 $239K Add +1.3%
XEL Xcel Energy Inc. 0.09% 3,404 $232K No change
COP Conocophillips 0.08% 2,572 $231K Add +4.6%
EFA iShares MSCI Eafe ETF 0.08% 2,574 $230K No change
ICLR Icon PLC 0.08% 1,580 $230K Add +5.7%
CAH Cardinal Health Inc. 0.08% 1,355 $228K New
QCOM Qualcomm Inc. 0.08% 1,395 $222K Add +0.2%
GEV GE Vernova Inc. 0.08% 419 $222K New
AVSC Avantis US Small Cap Equity 0.08% 4,243 $219K No change
QQQ Invesco QQQ Trust Series 1 0.08% 391 $216K New
COF Capital One Financial Corp. 0.07% 955 $203K New
VYMI Vanguard Int High DVD YLD Inc. 0.07% 2,500 $200K New
EVCH Envirochem Inc. 0.00% 27,500 $3 No change

Portfolio Sells Q1 2025 → Q2 2025
VOO Vanguard S&P 500 ETF Reduce -10.1% 8.75% −0.96
AAPL Apple Inc. Reduce -8.7% 1.68% −0.52
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.6% 1.92% −0.41
CMF iShares California Muni Bond Sold out 0.00% −0.23
DBA Invesco DB Agriculture Fund Sold out 0.00% −0.16
PEP Pepsico Inc. Reduce -11.6% 0.39% −0.16
V Visa Inc. Class A Reduce -0.7% 1.66% −0.16
XOM Exxon Mobil Corp. Reduce -4.9% 0.52% −0.15
DFAS Dimensional US Small Cap ETF Reduce -1.1% 3.02% −0.14
TGT Target Corp. Sold out 0.00% −0.13
MRK Merck & Co. Inc. Sold out 0.00% −0.10
NKE Nike Inc. Class B Sold out 0.00% −0.09
SHOO Steven Madden Ltd. Sold out 0.00% −0.09
AVEM Avantis Emerging Markets Eq Sold out 0.00% −0.09
WM Waste Management Inc. Reduce -40.4% 0.09% −0.08
JNJ Johnson & Johnson Reduce -9.8% 0.25% −0.08
DFCA Dimensional Calfornia MB ETF Reduce -21.2% 0.17% −0.07
MA Mastercard Inc. Class A Reduce -2.9% 0.65% −0.07
UNP Union Pacific Corp. Reduce -1.9% 0.42% −0.06
ORLY O'reilly Automotive Inc. Reduce -3.7% 0.29% −0.06
PG The Procter & Gamble Co. Reduce -1.4% 0.26% −0.05
BX Blackstone Inc. Reduce -1.5% 0.90% −0.04
BAC Bank of America Corp. Reduce -9.6% 0.51% −0.04
TJX TJX Companies Inc. Reduce -3.5% 0.28% −0.04
EXPE Expedia Group Inc. Reduce -2.0% 0.25% −0.03
PSX Phillips 66 Reduce -7.5% 0.13% −0.03
DIA SS SPDR Dow Jones Indus Avg Reduce -14.9% 0.11% −0.03
SPG Simon Property Group Inc. Reduce -0.8% 0.17% −0.03
CSCO Cisco Systems Inc. Reduce -11.7% 0.22% −0.02
MSFT Microsoft Corp. Reduce -17.8% 1.33% −0.02
ABT Abbott Laboratories Reduce -0.3% 0.19% −0.02
RTX RTX Corp. Reduce -2.3% 0.10% −0.00
AWI Armstrong World Industries Reduce -5.3% 0.15% −0.00
WMT Walmart Inc. Reduce -0.1% 0.14% +0.00
IBM Intl Business Machines Corp. Reduce -1.4% 0.24% +0.01
KKR KKR & Co. Inc. Reduce -1.5% 0.67% +0.02
CAT Caterpillar Inc. Reduce -3.4% 0.81% +0.02
JPM JPMorgan Chase & Co. Reduce -0.8% 0.88% +0.05
DIS The Walt Disney Co. Reduce -0.6% 0.46% +0.05
IWF iShares Russell 1000 Growth Reduce -0.1% 1.10% +0.07
ORCL Oracle Corp. Reduce -1.4% 1.01% +0.29

Portfolio Buys Q1 2025 → Q2 2025
RSP Invesco S&P 500 Equal Weight Add +37.1% 3.79% +0.89
AVDE Avantis International Equity Add +6.8% 7.29% +0.55
AMZN Amazon.com Inc. Add +25.5% 2.06% +0.49
DHR Danaher Corp. New 0.33% +0.33
ASML ASML Holding NV-NY Reg SHS New 0.29% +0.29
SCHG Schwab US Large-Cap Growth Add +3.2% 2.93% +0.25
WST West Pharmaceutical Services Add +121.4% 0.38% +0.19
MTBA Simplify MBS ETF Add +56.3% 0.54% +0.16
UBER Uber Technologies Inc. Add +16.2% 0.59% +0.15
AVDV Avantis Intl S/C Value ETF Add +4.5% 2.02% +0.15
META Meta Platforms Inc. Class A Add +6.8% 0.74% +0.14
DFAI Dimensional International Co. Add +15.1% 1.03% +0.14
TMO Thermo Fisher Scientific Inc. New 0.12% +0.12
NVDA Nvidia Corp. New 0.11% +0.11
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +4.3% 4.80% +0.11
IDEV iShares Core MSCI Dev MKTS Add +1.4% 6.79% +0.10
CAH Cardinal Health Inc. New 0.08% +0.08
GEV GE Vernova Inc. New 0.08% +0.08
DLTR Dollar Tree Inc. Add +59.4% 0.17% +0.08
QQQ Invesco QQQ Trust Series 1 New 0.08% +0.08
COF Capital One Financial Corp. New 0.07% +0.07
VYMI Vanguard Int High DVD YLD Inc. New 0.07% +0.07
AVMV Avantis US Mid Cap Val ETF Add +17.2% 0.55% +0.06
AVGO Broadcom Inc. Add +3.5% 0.16% +0.06
GOOGL Alphabet Inc. Class A Add +2.6% 0.80% +0.05
NOW ServiceNow Inc. Add +0.3% 0.28% +0.04
DE Deere & Co. Add +37.5% 0.11% +0.03
GE General Electric Add +2.8% 0.16% +0.03
PM Philip Morris International Add +0.1% 0.36% +0.01
EMR Emerson Electric Co. Add +0.1% 0.10% +0.01
GOOG Alphabet Inc. Class C Add +0.9% 0.21% +0.01
IJH iShares Core S&P Midcap ETF Add +6.0% 0.28% +0.01
WFC Wells Fargo & Co. Add +0.2% 0.42% +0.01
MPC Marathon Petroleum Corp. Add +0.3% 0.10% +0.00
BLK BlackRock Inc. Add +1.3% 0.09% +0.00
VNO Vornado Realty Trust Add +7.5% 0.22% +0.00
DGRW Wisdomtree U.S. Quality Divi Add +5.2% 0.16% 0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +3.5% 0.18% −0.00
GD General Dynamics Corp. Add +0.1% 0.15% −0.00
QCOM Qualcomm Inc. Add +0.2% 0.08% −0.01
ADBE Adobe Inc. Add +0.6% 0.10% −0.01
CRM Salesforce Inc. Add +0.6% 0.12% −0.01
SYLD Cambria Shareholder Yield Et Add +3.0% 0.20% −0.01
ADP Automatic Data Processing Add +0.3% 0.14% −0.01
SBUX Starbucks Corp. Add +10.5% 0.22% −0.02
HD Home Depot Inc. Add +0.3% 0.18% −0.02
COP Conocophillips Add +4.6% 0.08% −0.02
TRV The Travelers Cos Inc. Add +0.7% 0.25% −0.02
VYM Vanguard High DVD Yield ETF Add +0.3% 0.33% −0.02
ICLR Icon PLC Add +5.7% 0.08% −0.02

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