First National Bank Sioux Falls

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), First National Bank Sioux Falls reported 138 stock positions worth $320.7 million. Its top holding was Mortgage-Backed Securities (JMTG) at 9.1% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 8.0%) and Avantis International Equity (AVDE, 6.6%). Compared with Q2 2025, it opened 7 new positions, sold out of 3, added to 16 and reduced 40. The biggest buy was a new position in Mortgage-Backed Securities (JMTG) and the biggest sale iShares Core MSCI Dev MKTS (IDEV, shares −2%).

Most Recent 13F
Q2 2026
Location
SIOUX FALLS, SD
CIK
0001085041
Portfolio Value
$320.7M (Q3 2025)
SEC Filing
0001085041-25-000006 ↗ filed Oct 21, 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 Q2 2025 Q3 2025: $320.7M $320.7M Q3 2025 Q4 2025: $334.0M Q4 2025 Q1 2026: $365.5M Q1 2026 Q2 2026: $365.5M Q2 2026

Holdings 138 stocks · $320.7M
JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F 9.11% 573,072 $29.2M New
VOO Vanguard S&P 500 ETF 8.03% 42,035 $25.7M Add +0.2%
AVDE Avantis International Equity 6.62% 269,058 $21.2M Add +0.3%
IDEV iShares Core MSCI Dev MKTS 5.99% 239,586 $19.2M Reduce -1.5%
AVLV Avantis US Large Cap Value 4.76% 211,255 $15.3M Add +1.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 4.14% 45,155 $13.3M Reduce -3.3%
VTV Vanguard Mrngstr Val ETF-Aui 3.12% 53,695 $10.0M Reduce -0.0%
RSP Invesco S&P 500 Equal Weight 3.08% 52,089 $9.9M Reduce -8.4%
DFAX Dimensional World Ex US Core 3.02% 308,472 $9.7M No change
DFAS Dimensional US Small Cap ETF 2.80% 131,112 $9.0M Add +1.4%
SCHG Schwab US Large-Cap Growth 2.70% 270,876 $8.6M Reduce -0.8%
AVUV Avantis US Small Cap Value 2.25% 72,536 $7.2M Add +1.2%
AVDV Avantis Intl S/C Value ETF 1.88% 67,742 $6.0M Reduce -2.3%
DFUV Dimensional US Marketwide Va 1.87% 134,254 $6.0M No change
AAPL Apple Inc. 1.79% 22,579 $5.7M Add +1.0%
BRK.B Berkshire Hathaway Inc. Class B 1.69% 10,754 $5.4M Reduce -0.1%
AMZN Amazon.com Inc. 1.61% 23,567 $5.2M Reduce -8.0%
V Visa Inc. Class A 1.36% 12,749 $4.4M Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US 1.23% 5,929 $3.9M No change
APO Apollo Global Management Inc. 1.21% 29,134 $3.9M Reduce -0.1%
MSFT Microsoft Corp. 1.17% 7,261 $3.8M Reduce -0.0%
ORCL Oracle Corp. 1.10% 12,596 $3.5M Reduce -0.3%
IWF iShares Russell 1000 Growth 1.02% 7,013 $3.3M Reduce -0.3%
DFAI Dimensional International Co. 1.02% 90,364 $3.3M Add +11.2%
BX Blackstone Inc. 0.87% 16,406 $2.8M Reduce -0.2%
WFC Wells Fargo & Co. 0.87% 33,125 $2.8M Add +133.8%
CAT Caterpillar Inc. 0.84% 5,653 $2.7M No change
JPM JPMorgan Chase & Co. 0.83% 8,411 $2.7M Add +1.4%
XOM Exxon Mobil Corp. 0.74% 21,007 $2.4M Add +59.7%
GOOGL Alphabet Inc. Class A 0.73% 9,614 $2.3M Reduce -22.0%
IWP iShares Russell Mid-Cap Grow 0.68% 15,290 $2.2M No change
MTBA Simplify MBS ETF 0.65% 41,130 $2.1M Add +40.5%
AVMV Avantis US Mid Cap Val ETF 0.59% 27,486 $1.9M Add +19.9%
MA Mastercard Inc. Class A 0.56% 3,143 $1.8M Reduce -0.5%
KKR KKR & Co. Inc. 0.55% 13,637 $1.8M Reduce -0.3%
VEA Vanguard Ftse Developed ETF 0.55% 29,440 $1.8M No change
UBER Uber Technologies Inc. 0.52% 17,091 $1.7M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.51% 3,388 $1.6M No change
ABBV Abbvie Inc. 0.47% 6,534 $1.5M Add +2.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.47% 29,236 $1.5M Reduce -0.3%
META Meta Platforms Inc. Class A 0.46% 1,987 $1.5M Reduce -27.6%
CSX CSX Corp. 0.45% 40,500 $1.4M No change
MUB iShares National Muni Bond E 0.42% 12,551 $1.3M No change
IVW iShares S&P 500 Growth ETF 0.41% 10,967 $1.3M Reduce -0.4%
SHW The Sherwin-Williams Co. 0.40% 3,681 $1.3M No change
WST West Pharmaceutical Services 0.39% 4,727 $1.2M No change
UNP Union Pacific Corp. 0.36% 4,942 $1.2M Reduce -0.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.36% 10,109 $1.2M Reduce -0.2%
PEP Pepsico Inc. 0.35% 8,033 $1.1M Reduce -0.1%
IWO iShares Russell 2000 Growth 0.32% 3,159 $1.0M No change
BBN BlackRock Taxable Muni BND 0.30% 58,446 $970K No change
LLY Eli Lilly & Co. 0.30% 1,257 $959K No change
ORLY O'reilly Automotive Inc. 0.30% 8,836 $953K Reduce -0.7%
ASML ASML Holding NV-NY Reg SHS 0.30% 979 $948K No change
VYM Vanguard High DVD Yield ETF 0.29% 6,691 $943K No change
DHR Danaher Corp. 0.28% 4,521 $896K No change
DFAU Dimensional US Core Equity M 0.28% 19,461 $891K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.28% 6,139 $887K Reduce -0.6%
PM Philip Morris International 0.28% 5,460 $886K No change
EXPE Expedia Group Inc. 0.27% 4,079 $872K Reduce -0.3%
JNJ Johnson & Johnson 0.25% 4,366 $810K Reduce -0.4%
IEFA iShares Core MSCI Eafe ETF 0.25% 9,167 $800K No change
IJH iShares Core S&P Midcap ETF 0.25% 12,259 $800K No change
GOOG Alphabet Inc. Class C 0.25% 3,251 $792K Add +2.1%
WTV Wisdomtree U.S. Value Fund 0.25% 8,696 $791K New
CVX Chevron Corp. 0.24% 4,880 $758K Add +0.1%
TRV The Travelers Cos Inc. 0.22% 2,548 $711K Reduce -0.6%
NOW ServiceNow Inc. 0.21% 742 $683K No change
CMI Cummins Inc. 0.21% 1,600 $676K No change
PG The Procter & Gamble Co. 0.21% 4,361 $670K Reduce -0.3%
VNO Vornado Realty Trust 0.20% 15,710 $637K No change
GLD SPDR Gold Shares 0.19% 1,755 $624K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 2,187 $617K Reduce -0.3%
KO The Coca-Cola Co. 0.19% 8,969 $595K No change
CSCO Cisco Systems Inc. 0.18% 8,544 $585K No change
SBUX Starbucks Corp. 0.17% 6,628 $561K Reduce -0.2%
MNST Monster Beverage Corp. 0.17% 8,310 $559K No change
HD Home Depot Inc. 0.17% 1,367 $554K No change
SPG Simon Property Group Inc. 0.17% 2,935 $551K Reduce -0.2%
LOW Lowe's Cos Inc. 0.17% 2,189 $550K No change
UNH Unitedhealth Group Inc. 0.16% 1,525 $527K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.16% 2,514 $525K No change
ABT Abbott Laboratories 0.16% 3,877 $519K No change
AVGO Broadcom Inc. 0.16% 1,574 $519K No change
GE General Electric filed as GE AEROSPACE 0.16% 1,663 $500K No change
LMT Lockheed Martin Corp. 0.15% 993 $496K No change
AWI Armstrong World Industries 0.15% 2,498 $490K Reduce -0.9%
GD General Dynamics Corp. 0.15% 1,407 $480K No change
WMT Walmart Inc. 0.14% 4,512 $465K Add +14.5%
EA Electronic Arts Inc. 0.14% 2,274 $459K No change
DGRW Wisdomtree U.S. Quality Divi 0.14% 5,146 $458K Reduce -0.1%
DLTR Dollar Tree Inc. 0.14% 4,696 $443K Reduce -0.2%
EEM iShares MSCI Emerging Market 0.13% 7,839 $419K No change
BMY Bristol-Myers Squibb Co. 0.13% 9,274 $418K No change
SYLD Cambria Shareholder Yield Et 0.13% 6,090 $418K Reduce -26.2%
MCD McDonald's Corp. 0.13% 1,342 $408K No change
DFCA Dimensional Calfornia MB ETF 0.13% 8,151 $406K Reduce -13.8%
PSX Phillips 66 0.12% 2,938 $400K Reduce -0.3%
TMO Thermo Fisher Scientific Inc. 0.12% 813 $394K No change
AEP American Electric Power 0.12% 3,375 $380K No change
NEE Nextera Energy Inc. 0.12% 4,918 $371K No change
VNQ Vanguard Real Estate ETF 0.11% 4,017 $367K No change
NVDA Nvidia Corp. 0.11% 1,968 $367K No change
ADP Automatic Data Processing 0.11% 1,197 $351K Reduce -0.6%
BKH Black Hills Corp. 0.11% 5,483 $338K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.10% 705 $327K No change
HIFS Hingham Institution for SVGS 0.10% 1,230 $324K No change
APD Air Products & Chemicals Inc. 0.10% 1,178 $321K No change
IAU iShares Gold Trust 0.10% 4,400 $320K No change
MPC Marathon Petroleum Corp. 0.10% 1,653 $319K No change
COR Cencora Inc. 0.10% 1,000 $313K No change
RTX RTX Corp. 0.10% 1,845 $309K Reduce -5.6%
DG Dollar General Corp. 0.10% 2,963 $306K No change
IVV iShares Core S&P 500 ETF 0.09% 449 $301K No change
CRM Salesforce Inc. 0.09% 1,207 $286K No change
EMR Emerson Electric Co. 0.09% 2,101 $276K No change
ELM Elm Market Navigator ETF 0.09% 10,075 $275K New
XEL Xcel Energy Inc. 0.09% 3,404 $275K No change
HBAN Huntington Bancshares Inc. 0.09% 15,866 $274K No change
YUM Yum! Brands Inc. 0.09% 1,798 $273K No change
SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD 0.08% 8,100 $271K New
DE Deere & Co. 0.08% 590 $270K No change
CTSH Cognizant Tech Solutions-A 0.08% 4,000 $268K No change
BLK BlackRock Inc. 0.08% 228 $266K No change
GEV GE Vernova Inc. 0.08% 419 $258K No change
ADBE Adobe Inc. 0.08% 704 $248K No change
WM Waste Management Inc. 0.08% 1,102 $243K No change
COP Conocophillips 0.08% 2,572 $243K No change
EFA iShares MSCI Eafe ETF 0.07% 2,574 $240K No change
QQQ Invesco QQQ Trust Series 1 0.07% 391 $235K No change
EBAY eBay Inc. 0.07% 2,553 $232K New
QCOM Qualcomm Inc. 0.07% 1,395 $232K No change
CAH Cardinal Health Inc. 0.07% 1,355 $213K No change
VYMI Vanguard Int High DVD YLD Inc. 0.07% 2,500 $212K No change
SRE Sempra 0.07% 2,320 $209K New
EVRG Evergy Inc. 0.06% 2,691 $205K New
COF Capital One Financial Corp. 0.06% 955 $203K No change
EVCH Envirochem Inc. 0.00% 27,500 $3 No change

Portfolio Sells Q2 2025 → Q3 2025
IDEV iShares Core MSCI Dev MKTS Reduce -1.5% 5.99% −0.80
RSP Invesco S&P 500 Equal Weight Reduce -8.4% 3.08% −0.71
Minnehaha Banshares Inc-Common Sold out 0.00% −0.66
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -3.3% 4.14% −0.66
AMZN Amazon.com Inc. Reduce -8.0% 1.61% −0.45
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.0% 3.12% −0.36
APO Apollo Global Management Inc. Reduce -0.1% 1.21% −0.31
V Visa Inc. Class A Reduce -0.1% 1.36% −0.31
META Meta Platforms Inc. Class A Reduce -27.6% 0.46% −0.29
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 1.69% −0.23
SCHG Schwab US Large-Cap Growth Reduce -0.8% 2.70% −0.23
MSFT Microsoft Corp. Reduce -0.0% 1.17% −0.15
AVDV Avantis Intl S/C Value ETF Reduce -2.3% 1.88% −0.14
KKR KKR & Co. Inc. Reduce -0.3% 0.55% −0.12
DIS The Walt Disney Co. Reduce -0.2% 0.36% −0.10
MA Mastercard Inc. Class A Reduce -0.5% 0.56% −0.09
ICLR Icon PLC Sold out 0.00% −0.08
AVSC Avantis US Small Cap Equity Sold out 0.00% −0.08
IWF iShares Russell 1000 Growth Reduce -0.3% 1.02% −0.07
GOOGL Alphabet Inc. Class A Reduce -22.0% 0.73% −0.07
SYLD Cambria Shareholder Yield Et Reduce -26.2% 0.13% −0.07
UNP Union Pacific Corp. Reduce -0.3% 0.36% −0.05
SBUX Starbucks Corp. Reduce -0.2% 0.17% −0.05
PG The Procter & Gamble Co. Reduce -0.3% 0.21% −0.05
IBM Intl Business Machines Corp. Reduce -0.3% 0.19% −0.04
DFCA Dimensional Calfornia MB ETF Reduce -13.8% 0.13% −0.04
BAC Bank of America Corp. Reduce -0.3% 0.47% −0.04
PEP Pepsico Inc. Reduce -0.1% 0.35% −0.04
DLTR Dollar Tree Inc. Reduce -0.2% 0.14% −0.03
IVW iShares S&P 500 Growth ETF Reduce -0.4% 0.41% −0.03
TRV The Travelers Cos Inc. Reduce -0.6% 0.22% −0.03
BX Blackstone Inc. Reduce -0.2% 0.87% −0.03
ADP Automatic Data Processing Reduce -0.6% 0.11% −0.03
DGRW Wisdomtree U.S. Quality Divi Reduce -0.1% 0.14% −0.02
RTX RTX Corp. Reduce -5.6% 0.10% −0.01
PSX Phillips 66 Reduce -0.3% 0.12% −0.00
TJX TJX Companies Inc. Reduce -0.6% 0.28% −0.00
SPG Simon Property Group Inc. Reduce -0.2% 0.17% −0.00
AWI Armstrong World Industries Reduce -0.9% 0.15% +0.00
ORLY O'reilly Automotive Inc. Reduce -0.7% 0.30% +0.00
JNJ Johnson & Johnson Reduce -0.4% 0.25% +0.01
EXPE Expedia Group Inc. Reduce -0.3% 0.27% +0.02
ORCL Oracle Corp. Reduce -0.3% 1.10% +0.09

Portfolio Buys Q2 2025 → Q3 2025
JMTG Mortgage-Backed Securities New 9.11% +9.11
WFC Wells Fargo & Co. Add +133.8% 0.87% +0.45
WTV Wisdomtree U.S. Value Fund New 0.25% +0.25
XOM Exxon Mobil Corp. Add +59.7% 0.74% +0.22
AAPL Apple Inc. Add +1.0% 1.79% +0.11
MTBA Simplify MBS ETF Add +40.5% 0.65% +0.11
ELM Elm Market Navigator ETF New 0.09% +0.09
SHOO Steven Madden Ltd. New 0.08% +0.08
EBAY eBay Inc. New 0.07% +0.07
SRE Sempra New 0.07% +0.07
EVRG Evergy Inc. New 0.06% +0.06
AVMV Avantis US Mid Cap Val ETF Add +19.9% 0.59% +0.04
GOOG Alphabet Inc. Class C Add +2.1% 0.25% +0.04
ABBV Abbvie Inc. Add +2.8% 0.47% +0.04
WMT Walmart Inc. Add +14.5% 0.14% +0.00
DFAI Dimensional International Co. Add +11.2% 1.02% −0.01
CVX Chevron Corp. Add +0.1% 0.24% −0.02
JPM JPMorgan Chase & Co. Add +1.4% 0.83% −0.06
AVUV Avantis US Small Cap Value Add +1.2% 2.25% −0.14
DFAS Dimensional US Small Cap ETF Add +1.4% 2.80% −0.23
AVLV Avantis US Large Cap Value Add +1.4% 4.76% −0.45
AVDE Avantis International Equity Add +0.3% 6.62% −0.67
VOO Vanguard S&P 500 ETF Add +0.2% 8.03% −0.72

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