Hoese & Co LLP

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 14, 2026), Hoese & Co LLP reported 183 stock positions worth $153.9 million. Its top holding was iShares 3-7 Year Treasury Bo (IEI) at 17.3% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 11.6%) and Invesco S&P 500 Quality ETF (SPHQ, 9.6%). Compared with Q1 2026, it opened 53 new positions, sold out of 5, added to 33 and reduced 23. The biggest buy was a new position in iShares LRG CP CR Act ETF-Ui (BLCR) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −16%).

Most Recent 13F
Q2 2026
Location
GLENCOE, MN
CIK
0001840268
Portfolio Value
$153.9M (Q2 2026)
SEC Filing
0001840268-26-000009 ↗ filed Jul 14, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $109.6M Q1 2024 Q2 2024: $114.6M Q2 2024 Q3 2024: $119.4M Q3 2024 Q4 2024: $115.2M Q4 2024 Q1 2025: $115.3M Q1 2025 Q2 2025: $124.0M Q2 2025 Q3 2025: $130.8M Q3 2025 Q4 2025: $140.3M Q4 2025 Q1 2026: $134.7M Q1 2026 Q2 2026: $153.9M $153.9M Q2 2026

Holdings 183 stocks · $153.9M
IEI iShares 3-7 Year Treasury Bo 17.29% 226,598 $26.6M Add +0.3%
IVV iShares Core S&P 500 ETF 11.63% 23,906 $17.9M Reduce -1.9%
SPHQ Invesco S&P 500 Quality ETF 9.64% 164,782 $14.8M Add +1.4%
DYNF Ishrs US E F R A ETF-Usd Inc. 7.07% 160,002 $10.9M Add +5.0%
DGRO iShares Core Dividend Growth 6.07% 123,301 $9.3M Add +2.0%
IETC iShares U.S. Tech Independen 5.35% 76,759 $8.2M Add +4.3%
VIG Vanguard Dividend Apprec ETF 5.28% 34,329 $8.1M Reduce -0.0%
QUAL iShares MSCI USA Quality Fac 3.29% 23,053 $5.1M Reduce -16.2%
VOO Vanguard S&P 500 ETF 3.24% 7,264 $5.0M Reduce -0.6%
IGEB iShares Investment Grade SYS 3.21% 109,648 $4.9M Add +0.8%
VTIP Vanguard Short-Term Tips 3.18% 97,390 $4.9M Add +0.8%
VTI VG Morningstar TS MKT ETF-US 2.82% 11,729 $4.3M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.67% 3,441 $2.6M Reduce -0.7%
BRK.A Berkshire Hathaway Inc. Class A 1.46% 3 $2.2M No change
IWF iShares Russell 1000 Growth 1.26% 15,632 $1.9M Reduce -24.9%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 1.26% 41,966 $1.9M Reduce -3.0%
USMV iShares MSCI USA Min Vol Fac 1.03% 16,393 $1.6M Reduce -7.3%
BLCR iShares LRG CP CR Act ETF-Ui 0.98% 29,826 $1.5M New
IDEF Ishars Def Ind TC Ac ETF-Ui 0.90% 43,651 $1.4M New
AAPL Apple Inc. 0.86% 4,556 $1.3M Add +75.1%
SCHG Schwab US Large-Cap Growth 0.72% 32,615 $1.1M Reduce -10.1%
MSFT Microsoft Corp. 0.53% 2,176 $812K Add +63.5%
IWD iShares Russell 1000 Value E 0.45% 2,887 $700K Reduce -41.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.40% 7,560 $609K No change
DVY iShares Select Dividend ETF 0.38% 3,695 $578K No change
WMT Walmart Inc. 0.34% 4,624 $524K Add +1041.7%
MRK Merck & Co. Inc. 0.33% 3,894 $500K Add +21.6%
USB US Bancorp 0.30% 7,680 $464K Reduce -6.1%
ABBV Abbvie Inc. 0.29% 1,784 $449K Add +98.2%
JNJ Johnson & Johnson 0.27% 1,611 $409K Add +11.5%
JPM JPMorgan Chase & Co. 0.25% 1,163 $381K Add +27.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.25% 2,500 $379K No change
IQLT iShares MSCI International Q 0.23% 7,230 $358K No change
CAT Caterpillar Inc. 0.22% 325 $346K New
DE Deere & Co. 0.21% 500 $317K New
XEL Xcel Energy Inc. 0.18% 3,500 $281K No change
C Citigroup Inc. 0.18% 2,000 $280K No change
RPG Invesco S&P 500 Pure Growth 0.18% 4,310 $275K No change
ABT Abbott Laboratories 0.17% 2,800 $254K Add +30.2%
SPTM SS SPDR P S&P 1500 Comp ETF 0.16% 2,721 $247K No change
NVDA Nvidia Corp. 0.16% 1,220 $244K No change
QQQ Invesco QQQ Trust Series 1 0.15% 324 $239K No change
HD Home Depot Inc. 0.15% 642 $226K Add +96.3%
WFC Wells Fargo & Co. 0.14% 2,624 $217K Add +262.4%
PEP Pepsico Inc. 0.14% 1,600 $217K Add +60.0%
TGT Target Corp. 0.13% 1,575 $206K Add +142.3%
GGG Graco Inc. 0.13% 2,700 $204K No change
MDY State Street SPDR S&P Midcap 0.13% 290 $204K No change
SYY Sysco Corp. 0.13% 2,436 $204K Add +33.5%
BAC Bank of America Corp. 0.13% 3,559 $203K Reduce -10.7%
EMR Emerson Electric Co. 0.12% 1,323 $189K Add +8.9%
UNH Unitedhealth Group Inc. 0.12% 445 $185K Reduce -40.3%
FDVV Fidelity High Dividend ETF 0.12% 3,000 $181K No change
MO Altria Group Inc. 0.12% 2,500 $180K Add +66.7%
MMM 3M Co. 0.12% 1,100 $178K No change
ECL Ecolab Inc. 0.11% 600 $167K No change
IUSV iShares Core S&P U.S. Value 0.11% 1,500 $165K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.11% 3,211 $162K No change
TSM Taiwan Semiconductor-SP ADR 0.10% 333 $159K No change
XOM Exxon Mobil Corp. 0.10% 1,137 $155K Reduce -11.0%
PM Philip Morris International 0.09% 800 $145K New
ORCL Oracle Corp. 0.09% 973 $143K New
IVW iShares S&P 500 Growth ETF 0.09% 1,032 $142K No change
PRF Invesco Rafi US 1000 ETF 0.09% 2,570 $139K No change
AEP American Electric Power 0.09% 1,000 $137K Add +100.0%
MDT Medtronic PLC 0.09% 1,712 $134K Reduce -9.1%
PG The Procter & Gamble Co. 0.08% 881 $129K Reduce -16.1%
LFUS Littelfuse Inc. 0.08% 282 $128K No change
LNT Alliant Energy Corp. 0.08% 1,675 $128K No change
O Realty Income Corp. 0.08% 2,000 $124K No change
NVT Nvent Electric PLC 0.08% 724 $123K No change
PFE Pfizer Inc. 0.08% 5,000 $120K No change
CNQ Canadian Natural Resources 0.08% 3,000 $119K New
CSCO Cisco Systems Inc. 0.08% 1,000 $117K New
VTV Vanguard Mrngstr Val ETF-Aui 0.08% 534 $116K New
ROK Rockwell Automation Inc. 0.07% 225 $111K No change
TTC Toro Co. 0.07% 1,108 $108K Add +37.1%
VONG Vanguard Russell 1000 Growth 0.07% 822 $105K New
ENTG Entegris Inc. 0.06% 550 $99K No change
TXN Texas Instruments Inc. 0.06% 310 $92K No change
GOOG Alphabet Inc. Class C 0.06% 260 $92K No change
MDLZ Mondelez International Inc. Class A 0.06% 1,553 $90K Add +55.3%
DOV Dover Corp. 0.06% 400 $90K New
HRL Hormel Foods Corp. 0.06% 3,500 $87K Add +16.7%
MOAT Vaneck Morningstar Wide Moat 0.06% 833 $87K Reduce -42.5%
COP Conocophillips 0.06% 825 $86K New
BSX Boston Scientific Corp. 0.06% 2,000 $85K No change
FFIV F5 Inc. 0.05% 200 $83K New
IWM iShares Russell 2000 ETF 0.05% 275 $83K No change
YUM Yum! Brands Inc. 0.05% 500 $80K New
LLY Eli Lilly & Co. 0.05% 65 $78K No change
V Visa Inc. Class A 0.05% 225 $77K No change
PNR Pentair PLC 0.05% 1,000 $77K No change
IJH iShares Core S&P Midcap ETF 0.05% 989 $76K Reduce -41.0%
CMCSA Comcast Corp. Class A 0.05% 3,000 $74K No change
CVX Chevron Corp. 0.05% 443 $73K Add +2361.1%
EMLP First Trust North American E 0.05% 1,685 $73K No change
HWKN Hawkins Inc. 0.05% 510 $72K No change
DBEF Xtrackers MSCI Eafe Hedged E 0.04% 1,240 $68K No change
KDP Keurig Dr Pepper Inc. 0.04% 2,000 $65K No change

Show all 183 holdings

Portfolio Sells Q1 2026 → Q2 2026
QUAL iShares MSCI USA Quality Fac Reduce -16.2% 3.29% −0.63
IWF iShares Russell 1000 Growth Reduce -24.9% 1.26% −0.39
IWD iShares Russell 1000 Value E Reduce -41.8% 0.45% −0.33
IUSB Ishr CR Unvrse Usd BD ETF-Ui Reduce -3.0% 1.26% −0.22
VIG Vanguard Dividend Apprec ETF Reduce -0.0% 5.28% −0.21
USMV iShares MSCI USA Min Vol Fac Reduce -7.3% 1.03% −0.19
IVV iShares Core S&P 500 ETF Reduce -1.9% 11.63% −0.18
HON Honeywell International Inc. Sold out 0.00% −0.08
FIBK First Interstate Bancsys-A Sold out 0.00% −0.07
SCHG Schwab US Large-Cap Growth Reduce -10.1% 0.72% −0.07
XOM Exxon Mobil Corp. Reduce -11.0% 0.10% −0.06
MOAT Vaneck Morningstar Wide Moat Reduce -42.5% 0.06% −0.05
MTB M & T Bank Corp. Sold out 0.00% −0.04
IJH iShares Core S&P Midcap ETF Reduce -41.0% 0.05% −0.03
MDT Medtronic PLC Reduce -9.1% 0.09% −0.03
UNH Unitedhealth Group Inc. Reduce -40.3% 0.12% −0.03
PG The Procter & Gamble Co. Reduce -16.1% 0.08% −0.03
ASB Associated Banc-Corp. Reduce -50.0% 0.02% −0.02
SCHW Schwab (charles) Corp. Reduce -56.8% 0.01% −0.02
USB US Bancorp Reduce -6.1% 0.30% −0.01
AMGN Amgen Inc. Reduce -26.9% 0.03% −0.01
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.01
BAC Bank of America Corp. Reduce -10.7% 0.13% −0.01
SPSB SS SPDR P St C Corp. ETF Reduce -91.9% 0.00% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.7% 1.67% −0.00
MCD McDonald's Corp. Sold out 0.00% −0.00
TECH Bio-Techne Corp. Reduce -20.0% 0.04% −0.00
VOO Vanguard S&P 500 ETF Reduce -0.6% 3.24% −0.00

Portfolio Buys Q1 2026 → Q2 2026
BLCR iShares LRG CP CR Act ETF-Ui New 0.98% +0.98
IDEF Ishars Def Ind TC Ac ETF-Ui New 0.90% +0.90
SPHQ Invesco S&P 500 Quality ETF Add +1.4% 9.64% +0.58
IETC iShares U.S. Tech Independen Add +4.3% 5.35% +0.52
DYNF Ishrs US E F R A ETF-Usd Inc. Add +5.0% 7.07% +0.49
AAPL Apple Inc. Add +75.1% 0.86% +0.37
WMT Walmart Inc. Add +1041.7% 0.34% +0.30
CAT Caterpillar Inc. New 0.22% +0.22
DE Deere & Co. New 0.21% +0.21
MSFT Microsoft Corp. Add +63.5% 0.53% +0.16
ABBV Abbvie Inc. Add +98.2% 0.29% +0.15
WFC Wells Fargo & Co. Add +262.4% 0.14% +0.10
PM Philip Morris International New 0.09% +0.09
ORCL Oracle Corp. New 0.09% +0.09
CNQ Canadian Natural Resources New 0.08% +0.08
CSCO Cisco Systems Inc. New 0.08% +0.08
VTV Vanguard Mrngstr Val ETF-Aui New 0.08% +0.08
TGT Target Corp. Add +142.3% 0.13% +0.08
VONG Vanguard Russell 1000 Growth New 0.07% +0.07
HD Home Depot Inc. Add +96.3% 0.15% +0.07
DOV Dover Corp. New 0.06% +0.06
COP Conocophillips New 0.06% +0.06
FFIV F5 Inc. New 0.05% +0.05
YUM Yum! Brands Inc. New 0.05% +0.05
JPM JPMorgan Chase & Co. Add +27.8% 0.25% +0.05
CVX Chevron Corp. Add +2361.1% 0.05% +0.04
MO Altria Group Inc. Add +66.7% 0.12% +0.04
KO The Coca-Cola Co. New 0.04% +0.04
AEP American Electric Power Add +100.0% 0.09% +0.04
MRK Merck & Co. Inc. Add +21.6% 0.33% +0.04
BMY Bristol-Myers Squibb Co. New 0.04% +0.04
SYY Sysco Corp. Add +33.5% 0.13% +0.04
FCX Freeport-McMoran Inc. New 0.03% +0.03
IEFA iShares Core MSCI Eafe ETF New 0.03% +0.03
GIS General Mills Inc. New 0.03% +0.03
PSX Phillips 66 New 0.03% +0.03
GE General Electric New 0.03% +0.03
PEP Pepsico Inc. Add +60.0% 0.14% +0.03
SHEL Shell PLC-ADR New 0.03% +0.03
WY Weyerhaeuser Co. New 0.02% +0.02
RIO Rio Tinto PLC-Spon ADR New 0.02% +0.02
BBY Best Buy Co. Inc. New 0.02% +0.02
EPD Enterprise Products Partners New 0.02% +0.02
IEMG iShares Core MSCI Emerging New 0.02% +0.02
RTX RTX Corp. Add +140.8% 0.04% +0.02
GEV GE Vernova Inc. New 0.02% +0.02
PII Polaris Inc. Add +1666.7% 0.02% +0.02
MDLZ Mondelez International Inc. Class A Add +55.3% 0.06% +0.02
TTC Toro Co. Add +37.1% 0.07% +0.01
CORP PIMCO Inv Grade Corp. BD ETF New 0.01% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 183$153.9MIEI, IVV, SPHQ, DYNF, DGRO
Q1 2026 135$134.7MIEI, IVV, SPHQ, DYNF, DGRO
Q4 2025 136$140.3MIEI, IVV, SPHQ, DGRO, VIG
Q3 2025 125$130.8MIEI, IVV, SPHQ, QUAL, VIG
Q2 2025 154$124.0MIEI, IVV, SPHQ, QUAL, DGRO
Q1 2025 152$115.3MIEI, IVV, SPHQ, QUAL, IUSB
Q4 2024 165$115.2MIEI, IVV, SPHQ, QUAL, IUSB
Q3 2024 177$119.4MGOVT, IVV, SPHQ, QUAL, IUSB
Q2 2024 144$114.6MGOVT, IVV, SPHQ, QUAL, VOO
Q1 2024 136$109.6MIVV, GOVT, SPHQ, SPY, VOO