Fjell Capital, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 15, 2026), Fjell Capital, LLC reported 68 stock positions worth $130.0 million. Its top holding was Davis Select Worldwide ETF (DWLD) at 9.1% of the portfolio, followed by Victoryshares Core Intermedi (UITB, 6.3%) and Nvidia (NVDA, 4.9%). Compared with Q4 2025, it opened 7 new positions, sold out of 5, added to 44 and reduced 14. The biggest buy was a new position in Cap Group Muni High-Income (CGHM) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- FARGO, ND
- CIK
- 0002053350
- Portfolio Value
- $130.0M (Q1 2026)
- SEC Filing
- 0002053350-26-000002 ↗ filed Apr 15, 2026
Holdings Value
Holdings 68 stocks · $130.0M
| DWLD Davis Select Worldwide ETF | 9.06% | 268,913 | $11.8M | Add +5.2% |
| UITB Victoryshares Core Intermedi | 6.26% | 173,250 | $8.1M | Add +8.4% |
| NVDA Nvidia Corp. | 4.91% | 36,604 | $6.4M | Reduce -0.1% |
| USIG iShares Broad Usd Investment | 4.07% | 103,219 | $5.3M | Add +10.6% |
| GOOGL Alphabet Inc. Class A | 4.02% | 18,168 | $5.2M | Reduce -0.7% |
| AVGO Broadcom Inc. | 3.77% | 15,857 | $4.9M | Reduce -0.8% |
| AAPL Apple Inc. | 3.72% | 19,075 | $4.8M | Add +1.5% |
| GTO Invesco Total Return Bond Et | 3.58% | 99,500 | $4.7M | Add +0.5% |
| MSFT Microsoft Corp. | 3.30% | 11,591 | $4.3M | Add +4.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.28% | 14,850 | $4.3M | Add +1.8% |
| AMZN Amazon.com Inc. | 3.09% | 19,263 | $4.0M | Add +5.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.68% | 38,070 | $3.5M | Reduce -41.7% |
| BINV Brandes International ETF | 2.61% | 82,298 | $3.4M | Add +4.0% |
| COST Costco Wholesale Corp. | 2.53% | 3,302 | $3.3M | Add +7.9% |
| KLAC KLA Corp. | 2.35% | 2,074 | $3.1M | Reduce -0.2% |
| PSH Pgim Short Duration High YLD | 2.30% | 60,203 | $3.0M | Add +0.6% |
| CGGR Cap Group Growth Equity | 2.07% | 67,069 | $2.7M | Add +14.0% |
| META Meta Platforms Inc. Class A | 1.72% | 3,909 | $2.2M | Add +8.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.66% | 4,948 | $2.2M | Reduce -24.2% |
| JPM JPMorgan Chase & Co. | 1.53% | 6,781 | $2.0M | Add +5.8% |
| WM Waste Management Inc. | 1.49% | 8,434 | $1.9M | Add +5.9% |
| HYFI AB High Yield ETF filed as AB ACTIVE ETFS INC | 1.41% | 49,436 | $1.8M | Add +4.4% |
| CVX Chevron Corp. | 1.37% | 8,640 | $1.8M | Add +3.4% |
| PHYL Pgim Active High Yield Bond | 1.36% | 51,166 | $1.8M | Add +4.1% |
| AMD Advanced Micro Devices | 1.36% | 8,696 | $1.8M | Add +0.5% |
| NEE Nextera Energy Inc. | 1.34% | 18,760 | $1.7M | Add +3.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.33% | 8,817 | $1.7M | Reduce -24.4% |
| MRK Merck & Co. Inc. | 1.29% | 13,929 | $1.7M | Add +3.1% |
| DE Deere & Co. | 1.26% | 2,908 | $1.6M | Add +2.2% |
| RTX RTX Corp. | 1.15% | 7,778 | $1.5M | Reduce -3.1% |
| CGHM Cap Group Muni High-Income | 1.12% | 57,525 | $1.5M | New |
| XLK SS Technology Select Sector | 1.06% | 10,353 | $1.4M | Add +25.4% |
| ICE Intercontinental Exchange Inc. | 1.05% | 8,697 | $1.4M | Add +11.9% |
| HD Home Depot Inc. | 1.01% | 4,010 | $1.3M | Add +5.3% |
| VOO Vanguard S&P 500 ETF | 0.98% | 2,137 | $1.3M | Add +23.1% |
| BX Blackstone Inc. | 0.95% | 10,760 | $1.2M | Add +18.9% |
| BOND PIMCO Active Bond Exchange-T | 0.89% | 12,474 | $1.2M | New |
| ARES Ares Management Corp. Class A | 0.79% | 9,388 | $1.0M | Add +11.7% |
| CASY Casey's General Stores Inc. | 0.70% | 1,252 | $911K | Add +42.9% |
| MRSH Marsh & McLennan Cos | 0.68% | 5,098 | $884K | Add +2.9% |
| XLF SS Financial Select Sector | 0.59% | 15,648 | $773K | Add +5.2% |
| XLY SS Consumer Disc Select Sect | 0.50% | 6,021 | $656K | Add +19.7% |
| GOOG Alphabet Inc. Class C | 0.48% | 2,190 | $628K | Reduce -0.6% |
| FTCA Franklin Ca Muni Inc. ETF | 0.46% | 81,522 | $593K | New |
| CRM Salesforce Inc. | 0.44% | 3,072 | $573K | Add +0.7% |
| DHR Danaher Corp. | 0.43% | 2,959 | $561K | Add +8.6% |
| XLI SS Industrial Select Sector | 0.42% | 3,368 | $545K | Add +3.8% |
| UNP Union Pacific Corp. | 0.42% | 2,238 | $543K | Add +3.6% |
| SO The Southern Co. | 0.40% | 5,363 | $518K | Add +6.3% |
| XLP SS Consumer Staples Sel Sect | 0.36% | 5,715 | $469K | Add +2.1% |
| LOW Lowe's Cos Inc. | 0.35% | 1,937 | $458K | Reduce -0.6% |
| VGT Vanguard Info Tech ETF | 0.35% | 650 | $454K | Add +0.5% |
| BND Vanguard Total Bond Market | 0.34% | 6,068 | $447K | Reduce -11.4% |
| KKR KKR & Co. Inc. | 0.31% | 4,353 | $403K | Reduce -16.1% |
| AMAT Applied Materials Inc. | 0.30% | 1,126 | $385K | Reduce -4.3% |
| ADBE Adobe Inc. | 0.29% | 1,525 | $371K | Add +4.3% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.26% | 260 | $343K | Reduce -6.8% |
| EPD Enterprise Products Partners | 0.26% | 8,868 | $336K | Add +29.6% |
| CAT Caterpillar Inc. | 0.24% | 442 | $313K | New |
| VEA Vanguard Ftse Developed ETF | 0.22% | 4,535 | $291K | No change |
| MU Micron Technology Inc. | 0.21% | 820 | $277K | No change |
| HON Honeywell International Inc. | 0.19% | 1,121 | $253K | Add +4.8% |
| DNP DNP Select Income Fund Inc. | 0.18% | 23,135 | $238K | Add +0.4% |
| NFLX Netflix Inc. | 0.18% | 2,467 | $237K | New |
| USB US Bancorp | 0.18% | 4,506 | $234K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.17% | 581 | $227K | Add +11.5% |
| XLC SS Comm Select Sector SPDR | 0.16% | 1,887 | $209K | New |
| NOC Northrop Grumman Corp. | 0.16% | 305 | $208K | New |
Portfolio Sells Q4 2025 → Q1 2026
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -41.7% | 2.68% | −1.89 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -24.2% | 1.66% | −0.78 |
| AVGO Broadcom Inc. | Reduce -0.8% | 3.77% | −0.47 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -24.4% | 1.33% | −0.38 |
| GOOGL Alphabet Inc. Class A | Reduce -0.7% | 4.02% | −0.37 |
| NVDA Nvidia Corp. | Reduce -0.1% | 4.91% | −0.33 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.23 |
| KKR KKR & Co. Inc. | Reduce -16.1% | 0.31% | −0.20 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.20 |
| VXUS Vanguard Total Intl Stock | Sold out | 0.00% | −0.19 |
| VOX Vanguard Communication Servi | Sold out | 0.00% | −0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.16 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 0.48% | −0.05 |
| BND Vanguard Total Bond Market | Reduce -11.4% | 0.34% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -0.6% | 0.35% | −0.01 |
| RTX RTX Corp. | Reduce -3.1% | 1.15% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -6.8% | 0.26% | +0.04 |
| AMAT Applied Materials Inc. | Reduce -4.3% | 0.30% | +0.06 |
| KLAC KLA Corp. | Reduce -0.2% | 2.35% | +0.41 |
Portfolio Buys Q4 2025 → Q1 2026
| CGHM Cap Group Muni High-Income | New | 1.12% | +1.12 |
| BOND PIMCO Active Bond Exchange-T | New | 0.89% | +0.89 |
| COST Costco Wholesale Corp. | Add +7.9% | 2.53% | +0.51 |
| UITB Victoryshares Core Intermedi | Add +8.4% | 6.26% | +0.46 |
| FTCA Franklin Ca Muni Inc. ETF | New | 0.46% | +0.46 |
| CVX Chevron Corp. | Add +3.4% | 1.37% | +0.40 |
| USIG iShares Broad Usd Investment | Add +10.6% | 4.07% | +0.36 |
| CASY Casey's General Stores Inc. | Add +42.9% | 0.70% | +0.33 |
| DE Deere & Co. | Add +2.2% | 1.26% | +0.24 |
| CAT Caterpillar Inc. | New | 0.24% | +0.24 |
| NEE Nextera Energy Inc. | Add +3.8% | 1.34% | +0.23 |
| MRK Merck & Co. Inc. | Add +3.1% | 1.29% | +0.20 |
| NFLX Netflix Inc. | New | 0.18% | +0.18 |
| BINV Brandes International ETF | Add +4.0% | 2.61% | +0.17 |
| XLC SS Comm Select Sector SPDR | New | 0.16% | +0.16 |
| NOC Northrop Grumman Corp. | New | 0.16% | +0.16 |
| WM Waste Management Inc. | Add +5.9% | 1.49% | +0.15 |
| VOO Vanguard S&P 500 ETF | Add +23.1% | 0.98% | +0.15 |
| XLK SS Technology Select Sector | Add +25.4% | 1.06% | +0.15 |
| EPD Enterprise Products Partners | Add +29.6% | 0.26% | +0.09 |
| ICE Intercontinental Exchange Inc. | Add +11.9% | 1.05% | +0.09 |
| CGGR Cap Group Growth Equity | Add +14.0% | 2.07% | +0.07 |
| SO The Southern Co. | Add +6.3% | 0.40% | +0.06 |
| HYFI AB High Yield ETF | Add +4.4% | 1.41% | +0.05 |
| XLY SS Consumer Disc Select Sect | Add +19.7% | 0.50% | +0.04 |
| HON Honeywell International Inc. | Add +4.8% | 0.19% | +0.03 |
| UNP Union Pacific Corp. | Add +3.6% | 0.42% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +1.8% | 3.28% | +0.03 |
| XLI SS Industrial Select Sector | Add +3.8% | 0.42% | +0.03 |
| XLP SS Consumer Staples Sel Sect | Add +2.1% | 0.36% | +0.03 |
| PHYL Pgim Active High Yield Bond | Add +4.1% | 1.36% | +0.03 |
| HD Home Depot Inc. | Add +5.3% | 1.01% | +0.01 |
| DNP DNP Select Income Fund Inc. | Add +0.4% | 0.18% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +11.5% | 0.17% | −0.01 |
| PSH Pgim Short Duration High YLD | Add +0.6% | 2.30% | −0.01 |
| GTO Invesco Total Return Bond Et | Add +0.5% | 3.58% | −0.02 |
| MRSH Marsh & McLennan Cos | Add +2.9% | 0.68% | −0.02 |
| VGT Vanguard Info Tech ETF | Add +0.5% | 0.35% | −0.03 |
| XLF SS Financial Select Sector | Add +5.2% | 0.59% | −0.03 |
| DHR Danaher Corp. | Add +8.6% | 0.43% | −0.05 |
| JPM JPMorgan Chase & Co. | Add +5.8% | 1.53% | −0.05 |
| AMD Advanced Micro Devices | Add +0.5% | 1.36% | −0.06 |
| DWLD Davis Select Worldwide ETF | Add +5.2% | 9.06% | −0.08 |
| META Meta Platforms Inc. Class A | Add +8.9% | 1.72% | −0.10 |
| ADBE Adobe Inc. | Add +4.3% | 0.29% | −0.11 |
| BX Blackstone Inc. | Add +18.9% | 0.95% | −0.12 |
| AMZN Amazon.com Inc. | Add +5.6% | 3.09% | −0.14 |
| CRM Salesforce Inc. | Add +0.7% | 0.44% | −0.18 |
| AAPL Apple Inc. | Add +1.5% | 3.72% | −0.20 |
| ARES Ares Management Corp. Class A | Add +11.7% | 0.79% | −0.25 |
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 |