First National Bank Sioux Falls

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), First National Bank Sioux Falls reported 139 stock positions worth $334.0 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 9.2% of the portfolio, followed by Mortgage-Backed Securities (JMTG, 8.9%) and Avantis International Equity (AVDE, 6.7%). Compared with Q3 2025, it opened 4 new positions, sold out of 3, added to 31 and reduced 18. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +16%) and the biggest sale Wells Fargo (WFC, shares −57%).

Most Recent 13F
Q2 2026
Location
SIOUX FALLS, SD
CIK
0001085041
Portfolio Value
$334.0M (Q4 2025)
SEC Filing
0001085041-26-000001 ↗ filed Jan 30, 2026

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 Q3 2025 Q4 2025: $334.0M $334.0M Q4 2025 Q1 2026: $365.5M Q1 2026 Q2 2026: $365.5M Q2 2026

Holdings 139 stocks · $334.0M
VOO Vanguard S&P 500 ETF 9.16% 48,812 $30.6M Add +16.1%
JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F 8.89% 581,364 $29.7M Add +1.4%
AVDE Avantis International Equity 6.73% 273,006 $22.5M Add +1.5%
IDEV iShares Core MSCI Dev MKTS 5.96% 241,176 $19.9M Add +0.7%
AVLV Avantis US Large Cap Value 4.85% 213,618 $16.2M Add +1.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 3.98% 45,820 $13.3M Add +1.5%
VTV Vanguard Mrngstr Val ETF-Aui 3.09% 54,092 $10.3M Add +0.7%
DFAX Dimensional World Ex US Core 3.02% 308,472 $10.1M No change
RSP Invesco S&P 500 Equal Weight 3.00% 52,250 $10.0M Add +0.3%
DFAS Dimensional US Small Cap ETF 2.81% 134,762 $9.4M Add +2.8%
SCHG Schwab US Large-Cap Growth 2.65% 271,779 $8.9M Add +0.3%
AVUV Avantis US Small Cap Value 2.25% 73,701 $7.5M Add +1.6%
AVDV Avantis Intl S/C Value ETF 2.22% 79,044 $7.4M Add +16.7%
DFUV Dimensional US Marketwide Va 1.87% 134,254 $6.3M No change
AAPL Apple Inc. 1.83% 22,523 $6.1M Reduce -0.3%
AMZN Amazon.com Inc. 1.62% 23,511 $5.4M Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 1.62% 10,788 $5.4M Add +0.3%
V Visa Inc. Class A 1.34% 12,749 $4.5M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.30% 6,346 $4.3M Add +7.0%
APO Apollo Global Management Inc. 1.26% 29,134 $4.2M No change
DFAI Dimensional International Co. 1.08% 94,472 $3.6M Add +4.5%
MSFT Microsoft Corp. 1.05% 7,263 $3.5M Add +0.0%
CAT Caterpillar Inc. 0.97% 5,653 $3.2M No change
GOOGL Alphabet Inc. Class A 0.90% 9,651 $3.0M Add +0.4%
IWF iShares Russell 1000 Growth 0.89% 6,260 $3.0M Reduce -10.7%
JPM JPMorgan Chase & Co. 0.78% 8,075 $2.6M Reduce -4.0%
BX Blackstone Inc. 0.76% 16,406 $2.5M No change
MTBA Simplify MBS ETF 0.75% 49,974 $2.5M Add +21.5%
ORCL Oracle Corp. 0.73% 12,596 $2.5M No change
AVMV Avantis US Mid Cap Val ETF 0.65% 30,296 $2.2M Add +10.2%
IWP iShares Russell Mid-Cap Grow 0.63% 15,290 $2.1M No change
VEA Vanguard Ftse Developed ETF 0.55% 29,440 $1.8M No change
MA Mastercard Inc. Class A 0.54% 3,143 $1.8M No change
KKR KKR & Co. Inc. 0.52% 13,637 $1.7M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.48% 29,236 $1.6M No change
XOM Exxon Mobil Corp. 0.48% 13,189 $1.6M Reduce -37.2%
ABBV Abbvie Inc. 0.44% 6,431 $1.5M Reduce -1.6%
CSX CSX Corp. 0.44% 40,500 $1.5M No change
UBER Uber Technologies Inc. 0.44% 17,791 $1.5M Add +4.1%
IVW iShares S&P 500 Growth ETF 0.40% 10,967 $1.4M No change
LLY Eli Lilly & Co. 0.40% 1,257 $1.4M No change
MUB iShares National Muni Bond E 0.40% 12,551 $1.3M No change
WFC Wells Fargo & Co. 0.40% 14,393 $1.3M Reduce -56.5%
META Meta Platforms Inc. Class A 0.40% 2,001 $1.3M Add +0.7%
WST West Pharmaceutical Services 0.39% 4,727 $1.3M No change
SHW The Sherwin-Williams Co. 0.36% 3,681 $1.2M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.35% 2,428 $1.2M Reduce -28.3%
WTV Wisdomtree U.S. Value Fund 0.35% 12,464 $1.2M Add +43.3%
EXPE Expedia Group Inc. 0.35% 4,079 $1.2M No change
PEP Pepsico Inc. 0.35% 8,033 $1.2M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.34% 10,109 $1.2M No change
UNP Union Pacific Corp. 0.34% 4,942 $1.1M No change
ASML ASML Holding NV-NY Reg SHS 0.31% 979 $1.0M No change
DHR Danaher Corp. 0.31% 4,521 $1.0M No change
IWO iShares Russell 2000 Growth 0.31% 3,159 $1.0M No change
GOOG Alphabet Inc. Class C 0.30% 3,241 $1.0M Reduce -0.3%
VYM Vanguard High DVD Yield ETF 0.29% 6,691 $960K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.28% 6,139 $943K No change
DFAU Dimensional US Core Equity M 0.27% 19,461 $911K No change
JNJ Johnson & Johnson 0.27% 4,366 $904K No change
ELM Elm Market Navigator ETF 0.26% 32,235 $878K Add +219.9%
PM Philip Morris International 0.26% 5,460 $876K No change
IEFA iShares Core MSCI Eafe ETF 0.25% 9,167 $820K No change
CMI Cummins Inc. 0.24% 1,600 $817K No change
IJH iShares Core S&P Midcap ETF 0.24% 12,259 $809K No change
ORLY O'reilly Automotive Inc. 0.24% 8,836 $806K No change
IVV iShares Core S&P 500 ETF 0.24% 1,175 $805K Add +161.7%
CVX Chevron Corp. 0.22% 4,880 $744K No change
TRV The Travelers Cos Inc. 0.22% 2,548 $739K No change
CSCO Cisco Systems Inc. 0.20% 8,544 $658K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 2,167 $642K Reduce -0.9%
MNST Monster Beverage Corp. 0.19% 8,310 $637K No change
KO The Coca-Cola Co. 0.19% 8,969 $627K No change
PG The Procter & Gamble Co. 0.19% 4,346 $623K Reduce -0.3%
DLTR Dollar Tree Inc. 0.17% 4,696 $578K No change
NOW ServiceNow Inc. 0.17% 3,710 $568K No change
SBUX Starbucks Corp. 0.17% 6,628 $558K No change
AVGO Broadcom Inc. 0.16% 1,574 $545K No change
SPG Simon Property Group Inc. 0.16% 2,935 $543K No change
VNO Vornado Realty Trust 0.16% 16,210 $539K Add +3.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.16% 2,514 $532K No change
LOW Lowe's Cos Inc. 0.16% 2,189 $528K No change
EFA iShares MSCI Eafe ETF 0.16% 5,496 $528K Add +113.5%
CPB The Campbell's Company 0.16% 18,605 $519K New
UNH Unitedhealth Group Inc. 0.16% 1,570 $518K Add +3.0%
GE General Electric filed as GE AEROSPACE 0.15% 1,663 $512K No change
BMY Bristol-Myers Squibb Co. 0.15% 9,195 $496K Reduce -0.8%
ABT Abbott Laboratories 0.15% 3,877 $486K No change
LMT Lockheed Martin Corp. 0.14% 993 $480K No change
AWI Armstrong World Industries 0.14% 2,498 $477K No change
GD General Dynamics Corp. 0.14% 1,407 $474K No change
TMO Thermo Fisher Scientific Inc. 0.14% 813 $471K No change
HD Home Depot Inc. 0.14% 1,367 $470K No change
EA Electronic Arts Inc. 0.14% 2,274 $465K No change
DGRW Wisdomtree U.S. Quality Divi 0.14% 5,165 $462K Add +0.4%
WMT Walmart Inc. 0.13% 3,942 $439K Reduce -12.6%
GLD SPDR Gold Shares 0.13% 1,100 $436K Reduce -37.3%
DGRS Wisdomtree U.S. Smallcap Qua 0.13% 8,779 $436K New
EEM iShares MSCI Emerging Market 0.13% 7,839 $429K No change
MCD McDonald's Corp. 0.12% 1,342 $410K No change
NVDA Nvidia Corp. 0.12% 2,134 $398K Add +8.4%
DG Dollar General Corp. 0.12% 2,963 $393K No change
AEP American Electric Power 0.12% 3,375 $389K No change
BKH Black Hills Corp. 0.11% 5,483 $381K No change
PSX Phillips 66 0.11% 2,938 $379K No change
NEE Nextera Energy Inc. 0.11% 4,548 $365K Reduce -7.5%
VNQ Vanguard Real Estate ETF 0.11% 4,017 $355K No change
HIFS Hingham Institution for SVGS 0.10% 1,230 $349K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.10% 705 $339K No change
RTX RTX Corp. 0.10% 1,845 $338K No change
COR Cencora Inc. 0.10% 1,000 $338K No change
SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD 0.10% 8,100 $337K No change
CTSH Cognizant Tech Solutions-A 0.10% 4,000 $332K No change
CRM Salesforce Inc. 0.10% 1,244 $330K Add +3.1%
ADP Automatic Data Processing 0.10% 1,274 $328K Add +6.4%
APD Air Products & Chemicals Inc. 0.09% 1,178 $291K No change
EMR Emerson Electric Co. 0.08% 2,101 $279K No change
CAH Cardinal Health Inc. 0.08% 1,355 $278K No change
HBAN Huntington Bancshares Inc. 0.08% 15,866 $275K No change
DE Deere & Co. 0.08% 590 $275K No change
GEV GE Vernova Inc. 0.08% 419 $274K No change
YUM Yum! Brands Inc. 0.08% 1,798 $272K No change
MPC Marathon Petroleum Corp. 0.08% 1,653 $269K No change
XEL Xcel Energy Inc. 0.08% 3,404 $251K No change
ADBE Adobe Inc. 0.07% 700 $245K Reduce -0.6%
BLK BlackRock Inc. 0.07% 228 $244K No change
WM Waste Management Inc. 0.07% 1,102 $242K No change
COP Conocophillips 0.07% 2,572 $241K No change
QQQ Invesco QQQ Trust Series 1 0.07% 391 $240K No change
QCOM Qualcomm Inc. 0.07% 1,395 $239K No change
COF Capital One Financial Corp. 0.07% 955 $231K No change
MRK Merck & Co. Inc. 0.07% 2,170 $228K New
VYMI Vanguard Int High DVD YLD Inc. 0.07% 2,500 $225K No change
EBAY eBay Inc. 0.07% 2,553 $222K No change
W Wayfair Inc. Class A 0.06% 2,050 $206K New
SRE Sempra 0.06% 2,320 $205K No change
DFCA Dimensional Calfornia MB ETF 0.06% 4,046 $203K Reduce -50.4%
IAU iShares Gold Trust 0.06% 2,474 $201K Reduce -43.8%
EVCH Envirochem Inc. 0.00% 27,500 $3 No change

Portfolio Sells Q3 2025 → Q4 2025
WFC Wells Fargo & Co. Reduce -56.5% 0.40% −0.46
BBN BlackRock Taxable Muni BND Sold out 0.00% −0.30
XOM Exxon Mobil Corp. Reduce -37.2% 0.48% −0.26
VUG Vanguard Mrngstar GR ETF-Sui Reduce -28.3% 0.35% −0.15
IWF iShares Russell 1000 Growth Reduce -10.7% 0.89% −0.14
SYLD Cambria Shareholder Yield Et Sold out 0.00% −0.13
DFCA Dimensional Calfornia MB ETF Reduce -50.4% 0.06% −0.07
GLD SPDR Gold Shares Reduce -37.3% 0.13% −0.06
EVRG Evergy Inc. Sold out 0.00% −0.06
JPM JPMorgan Chase & Co. Reduce -4.0% 0.78% −0.05
IAU iShares Gold Trust Reduce -43.8% 0.06% −0.04
ABBV Abbvie Inc. Reduce -1.6% 0.44% −0.03
PG The Procter & Gamble Co. Reduce -0.3% 0.19% −0.02
WMT Walmart Inc. Reduce -12.6% 0.13% −0.01
NEE Nextera Energy Inc. Reduce -7.5% 0.11% −0.01
ADBE Adobe Inc. Reduce -0.6% 0.07% −0.00
IBM Intl Business Machines Corp. Reduce -0.9% 0.19% −0.00
AMZN Amazon.com Inc. Reduce -0.2% 1.62% +0.01
BMY Bristol-Myers Squibb Co. Reduce -0.8% 0.15% +0.02
AAPL Apple Inc. Reduce -0.3% 1.83% +0.04
GOOG Alphabet Inc. Class C Reduce -0.3% 0.30% +0.06

Portfolio Buys Q3 2025 → Q4 2025
VOO Vanguard S&P 500 ETF Add +16.1% 9.16% +1.14
AVDV Avantis Intl S/C Value ETF Add +16.7% 2.22% +0.34
ELM Elm Market Navigator ETF Add +219.9% 0.26% +0.18
GOOGL Alphabet Inc. Class A Add +0.4% 0.90% +0.18
CPB The Campbell's Company New 0.16% +0.16
IVV iShares Core S&P 500 ETF Add +161.7% 0.24% +0.15
DGRS Wisdomtree U.S. Smallcap Qua New 0.13% +0.13
AVDE Avantis International Equity Add +1.5% 6.73% +0.11
MTBA Simplify MBS ETF Add +21.5% 0.75% +0.11
WTV Wisdomtree U.S. Value Fund Add +43.3% 0.35% +0.10
AVLV Avantis US Large Cap Value Add +1.1% 4.85% +0.09
EFA iShares MSCI Eafe ETF Add +113.5% 0.16% +0.08
MRK Merck & Co. Inc. New 0.07% +0.07
SPY SS SPDR S&P 500 ETF Trust-US Add +7.0% 1.30% +0.06
W Wayfair Inc. Class A New 0.06% +0.06
AVMV Avantis US Mid Cap Val ETF Add +10.2% 0.65% +0.06
DFAI Dimensional International Co. Add +4.5% 1.08% +0.05
DFAS Dimensional US Small Cap ETF Add +2.8% 2.81% +0.01
CRM Salesforce Inc. Add +3.1% 0.10% +0.01
NVDA Nvidia Corp. Add +8.4% 0.12% +0.00
AVUV Avantis US Small Cap Value Add +1.6% 2.25% −0.00
DGRW Wisdomtree U.S. Quality Divi Add +0.4% 0.14% −0.00
UNH Unitedhealth Group Inc. Add +3.0% 0.16% −0.01
ADP Automatic Data Processing Add +6.4% 0.10% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +0.7% 3.09% −0.03
IDEV iShares Core MSCI Dev MKTS Add +0.7% 5.96% −0.03
VNO Vornado Realty Trust Add +3.2% 0.16% −0.04
SCHG Schwab US Large-Cap Growth Add +0.3% 2.65% −0.04
META Meta Platforms Inc. Class A Add +0.7% 0.40% −0.06
BRK.B Berkshire Hathaway Inc. Class B Add +0.3% 1.62% −0.06
RSP Invesco S&P 500 Equal Weight Add +0.3% 3.00% −0.08
UBER Uber Technologies Inc. Add +4.1% 0.44% −0.09
MSFT Microsoft Corp. Add +0.0% 1.05% −0.12
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +1.5% 3.98% −0.15
JMTG Mortgage-Backed Securities Add +1.4% 8.89% −0.23

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