Fjell Capital, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 15, 2026), Fjell Capital, LLC reported 66 stock positions worth $146.6 million. Its top holding was Davis Select Worldwide ETF (DWLD) at 8.7% of the portfolio, followed by Victoryshares Core Intermedi (UITB, 5.8%) and Nvidia (NVDA, 4.9%). Compared with Q1 2026, it opened 2 new positions, sold out of 4, added to 38 and reduced 24. The biggest buy was Brandes International ETF (BINV, shares +24%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- FARGO, ND
- CIK
- 0002053350
- Portfolio Value
- $146.6M (Q2 2026)
- SEC Filing
- 0002053350-26-000004 ↗ filed Jul 15, 2026
Holdings Value
Holdings 66 stocks · $146.6M
| DWLD Davis Select Worldwide ETF | 8.66% | 274,721 | $12.7M | Add +2.2% |
| UITB Victoryshares Core Intermedi | 5.80% | 181,398 | $8.5M | Add +4.7% |
| NVDA Nvidia Corp. | 4.90% | 35,875 | $7.2M | Reduce -2.0% |
| GOOGL Alphabet Inc. Class A | 4.23% | 17,365 | $6.2M | Reduce -4.4% |
| KLAC KLA Corp. | 4.08% | 19,822 | $6.0M | Reduce -4.4% |
| AVGO Broadcom Inc. | 3.98% | 15,465 | $5.8M | Reduce -2.5% |
| AAPL Apple Inc. | 3.79% | 19,216 | $5.6M | Add +0.7% |
| USIG iShares Broad Usd Investment | 3.79% | 108,370 | $5.6M | Add +5.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.27% | 59,524 | $4.8M | Add +0.2% |
| AMZN Amazon.com Inc. | 3.21% | 19,752 | $4.7M | Add +2.5% |
| GTO Invesco Total Return Bond Et | 3.19% | 99,685 | $4.7M | Add +0.2% |
| MSFT Microsoft Corp. | 3.11% | 12,219 | $4.6M | Add +5.4% |
| AMD Advanced Micro Devices | 2.94% | 7,430 | $4.3M | Reduce -14.6% |
| BINV Brandes International ETF | 2.92% | 101,976 | $4.3M | Add +23.9% |
| CGGR Cap Group Growth Equity | 2.19% | 68,042 | $3.2M | Add +1.4% |
| COST Costco Wholesale Corp. | 2.15% | 3,364 | $3.1M | Add +1.9% |
| PSH Pgim Short Duration High YLD | 2.04% | 60,047 | $3.0M | Reduce -0.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.70% | 29,007 | $2.5M | Reduce -2.3% |
| META Meta Platforms Inc. Class A | 1.70% | 4,431 | $2.5M | Add +13.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.66% | 26,605 | $2.4M | Reduce -30.1% |
| JPM JPMorgan Chase & Co. | 1.61% | 7,209 | $2.4M | Add +6.3% |
| WM Waste Management Inc. | 1.38% | 9,108 | $2.0M | Add +8.0% |
| XLK SS Technology Select Sector | 1.36% | 10,438 | $2.0M | Add +0.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.31% | 8,793 | $1.9M | Reduce -0.3% |
| DE Deere & Co. | 1.28% | 2,952 | $1.9M | Add +1.5% |
| HYFI AB High Yield ETF filed as AB ACTIVE ETFS INC | 1.25% | 49,134 | $1.8M | Reduce -0.6% |
| MRK Merck & Co. Inc. | 1.22% | 13,946 | $1.8M | Add +0.1% |
| PHYL Pgim Active High Yield Bond | 1.22% | 51,138 | $1.8M | Reduce -0.1% |
| CGHM Cap Group Muni High-Income | 1.19% | 67,520 | $1.7M | Add +17.4% |
| NEE Nextera Energy Inc. | 1.14% | 19,102 | $1.7M | Add +1.8% |
| RTX RTX Corp. | 1.01% | 7,830 | $1.5M | Add +0.7% |
| CVX Chevron Corp. | 0.99% | 8,793 | $1.5M | Add +1.8% |
| CASY Casey's General Stores Inc. | 0.99% | 1,830 | $1.5M | Add +46.2% |
| BX Blackstone Inc. | 0.91% | 11,398 | $1.3M | Add +5.9% |
| BOND PIMCO Active Bond Exchange-T | 0.89% | 14,138 | $1.3M | Add +13.3% |
| ICE Intercontinental Exchange Inc. | 0.81% | 9,630 | $1.2M | Add +10.7% |
| VOO Vanguard S&P 500 ETF | 0.80% | 1,718 | $1.2M | Reduce -19.6% |
| ARES Ares Management Corp. Class A | 0.75% | 9,885 | $1.1M | Add +5.3% |
| HD Home Depot Inc. | 0.75% | 3,113 | $1.1M | Reduce -22.4% |
| MU Micron Technology Inc. | 0.64% | 810 | $935K | Reduce -1.2% |
| XLF SS Financial Select Sector | 0.59% | 16,118 | $864K | Add +3.0% |
| AMAT Applied Materials Inc. | 0.55% | 1,117 | $808K | Reduce -0.8% |
| MRSH Marsh & McLennan Cos | 0.54% | 4,740 | $790K | Reduce -7.0% |
| GOOG Alphabet Inc. Class C | 0.51% | 2,133 | $754K | Reduce -2.6% |
| XLY SS Consumer Disc Select Sect | 0.49% | 6,165 | $723K | Add +2.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.48% | 914 | $698K | Add +57.3% |
| CAT Caterpillar Inc. | 0.47% | 641 | $683K | Add +45.0% |
| XLI SS Industrial Select Sector | 0.44% | 3,451 | $639K | Add +2.5% |
| VGT Vanguard Info Tech ETF | 0.43% | 5,232 | $625K | Add +0.6% |
| UNP Union Pacific Corp. | 0.41% | 2,234 | $608K | Reduce -0.2% |
| FTCA Franklin Ca Muni Inc. ETF | 0.41% | 81,522 | $605K | No change |
| DHR Danaher Corp. | 0.38% | 2,955 | $563K | Reduce -0.1% |
| SO The Southern Co. | 0.36% | 5,526 | $529K | Add +3.0% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.35% | 256 | $509K | Reduce -1.5% |
| XLP SS Consumer Staples Sel Sect | 0.33% | 5,739 | $477K | Add +0.4% |
| CRM Salesforce Inc. | 0.31% | 2,900 | $454K | Reduce -5.6% |
| LOW Lowe's Cos Inc. | 0.26% | 1,749 | $386K | Reduce -9.7% |
| KMI Kinder Morgan Inc. | 0.26% | 12,044 | $385K | New |
| EPD Enterprise Products Partners | 0.26% | 10,200 | $375K | Add +15.0% |
| KKR KKR & Co. Inc. | 0.25% | 3,924 | $360K | Reduce -9.9% |
| VEA Vanguard Ftse Developed ETF | 0.22% | 4,549 | $324K | Add +0.3% |
| BND Vanguard Total Bond Market | 0.20% | 4,055 | $298K | Reduce -33.2% |
| USB US Bancorp | 0.19% | 4,506 | $272K | No change |
| DNP DNP Select Income Fund Inc. | 0.17% | 23,390 | $252K | Add +1.1% |
| XLC SS Comm Select Sector SPDR | 0.16% | 2,225 | $238K | Add +17.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 409 | $205K | New |
Portfolio Sells Q1 2026 → Q2 2026
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -30.1% | 1.66% | −1.02 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.29 |
| HD Home Depot Inc. | Reduce -22.4% | 0.75% | −0.27 |
| PSH Pgim Short Duration High YLD | Reduce -0.3% | 2.04% | −0.25 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.19 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.18 |
| VOO Vanguard S&P 500 ETF | Reduce -19.6% | 0.80% | −0.18 |
| HYFI AB High Yield ETF | Reduce -0.6% | 1.25% | −0.16 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.16 |
| PHYL Pgim Active High Yield Bond | Reduce -0.1% | 1.22% | −0.15 |
| MRSH Marsh & McLennan Cos | Reduce -7.0% | 0.54% | −0.14 |
| BND Vanguard Total Bond Market | Reduce -33.2% | 0.20% | −0.14 |
| CRM Salesforce Inc. | Reduce -5.6% | 0.31% | −0.13 |
| LOW Lowe's Cos Inc. | Reduce -9.7% | 0.26% | −0.09 |
| KKR KKR & Co. Inc. | Reduce -9.9% | 0.25% | −0.06 |
| DHR Danaher Corp. | Reduce -0.1% | 0.38% | −0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.3% | 1.31% | −0.02 |
| NVDA Nvidia Corp. | Reduce -2.0% | 4.90% | −0.01 |
| UNP Union Pacific Corp. | Reduce -0.2% | 0.41% | −0.00 |
| GOOG Alphabet Inc. Class C | Reduce -2.6% | 0.51% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.3% | 1.70% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -1.5% | 0.35% | +0.08 |
| AVGO Broadcom Inc. | Reduce -2.5% | 3.98% | +0.21 |
| GOOGL Alphabet Inc. Class A | Reduce -4.4% | 4.23% | +0.22 |
| AMAT Applied Materials Inc. | Reduce -0.8% | 0.55% | +0.25 |
| MU Micron Technology Inc. | Reduce -1.2% | 0.64% | +0.42 |
| AMD Advanced Micro Devices | Reduce -14.6% | 2.94% | +1.58 |
| KLAC KLA Corp. | Reduce -4.4% | 4.08% | +1.73 |
Portfolio Buys Q1 2026 → Q2 2026
| BINV Brandes International ETF | Add +23.9% | 2.92% | +0.31 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +57.3% | 0.48% | +0.30 |
| XLK SS Technology Select Sector | Add +0.8% | 1.36% | +0.30 |
| CASY Casey's General Stores Inc. | Add +46.2% | 0.99% | +0.29 |
| KMI Kinder Morgan Inc. | New | 0.26% | +0.26 |
| CAT Caterpillar Inc. | Add +45.0% | 0.47% | +0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.14% | +0.14 |
| AMZN Amazon.com Inc. | Add +2.5% | 3.21% | +0.13 |
| CGGR Cap Group Growth Equity | Add +1.4% | 2.19% | +0.12 |
| VGT Vanguard Info Tech ETF | Add +0.6% | 0.43% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +6.3% | 1.61% | +0.08 |
| CGHM Cap Group Muni High-Income | Add +17.4% | 1.19% | +0.07 |
| AAPL Apple Inc. | Add +0.7% | 3.79% | +0.07 |
| DE Deere & Co. | Add +1.5% | 1.28% | +0.02 |
| XLI SS Industrial Select Sector | Add +2.5% | 0.44% | +0.02 |
| BOND PIMCO Active Bond Exchange-T | Add +13.3% | 0.89% | +0.00 |
| XLC SS Comm Select Sector SPDR | Add +17.9% | 0.16% | +0.00 |
| EPD Enterprise Products Partners | Add +15.0% | 0.26% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Add +0.3% | 0.22% | −0.00 |
| XLF SS Financial Select Sector | Add +3.0% | 0.59% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.2% | 3.27% | −0.01 |
| DNP DNP Select Income Fund Inc. | Add +1.1% | 0.17% | −0.01 |
| XLY SS Consumer Disc Select Sect | Add +2.4% | 0.49% | −0.01 |
| META Meta Platforms Inc. Class A | Add +13.3% | 1.70% | −0.02 |
| XLP SS Consumer Staples Sel Sect | Add +0.4% | 0.33% | −0.04 |
| BX Blackstone Inc. | Add +5.9% | 0.91% | −0.04 |
| ARES Ares Management Corp. Class A | Add +5.3% | 0.75% | −0.04 |
| SO The Southern Co. | Add +3.0% | 0.36% | −0.04 |
| MRK Merck & Co. Inc. | Add +0.1% | 1.22% | −0.07 |
| WM Waste Management Inc. | Add +8.0% | 1.38% | −0.11 |
| RTX RTX Corp. | Add +0.7% | 1.01% | −0.14 |
| MSFT Microsoft Corp. | Add +5.4% | 3.11% | −0.19 |
| NEE Nextera Energy Inc. | Add +1.8% | 1.14% | −0.20 |
| ICE Intercontinental Exchange Inc. | Add +10.7% | 0.81% | −0.24 |
| USIG iShares Broad Usd Investment | Add +5.0% | 3.79% | −0.28 |
| CVX Chevron Corp. | Add +1.8% | 0.99% | −0.38 |
| COST Costco Wholesale Corp. | Add +1.9% | 2.15% | −0.38 |
| DWLD Davis Select Worldwide ETF | Add +2.2% | 8.66% | −0.40 |
| GTO Invesco Total Return Bond Et | Add +0.2% | 3.19% | −0.40 |
| UITB Victoryshares Core Intermedi | Add +4.7% | 5.80% | −0.47 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 66 | $146.6M | DWLD, UITB, NVDA, GOOGL, KLAC |
| Q1 2026 | 68 | $130.0M | DWLD, UITB, NVDA, USIG, GOOGL |
| Q4 2025 | 66 | $130.4M | DWLD, UITB, NVDA, BIL, GOOGL |
| Q3 2025 | 58 | $113.6M | DWLD, UITB, BIL, MSFT, NVDA |
| Q2 2025 | 53 | $107.9M | DWLD, UITB, BIL, GTO, MSFT |
| Q1 2025 | 51 | $98.6M | DWLD, UITB, GTO, USIG, VO |
| Q4 2024 | 54 | $96.8M | DWLD, GTO, UITB, VO, USIG |