Hoese & Co LLP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 8, 2024), Hoese & Co LLP reported 136 stock positions worth $109.6 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 16.8% of the portfolio, followed by iShares US Treasury Bond ETF (GOVT, 16.4%) and Invesco S&P 500 Quality ETF (SPHQ, 7.7%). Compared with Q4 2023, it sold out of 9, added to 7 and reduced 24. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +2%) and the biggest sale an exit from Deere (DE).

Most Recent 13F
Q2 2026
Location
GLENCOE, MN
CIK
0001840268
Portfolio Value
$109.6M (Q1 2024)
SEC Filing
0001840268-24-000002 ↗ filed Apr 8, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $109.6M $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 Q2 2026

Holdings 136 stocks · $109.6M
IVV iShares Core S&P 500 ETF 16.82% 36,113 $18.4M Add +1.7%
GOVT iShares US Treasury Bond ETF 16.37% 792,249 $17.9M Add +2.2%
SPHQ Invesco S&P 500 Quality ETF 7.66% 143,553 $8.4M Add +3.0%
SPY SS SPDR S&P 500 ETF Trust-US 7.58% 16,348 $8.3M Reduce -3.9%
VOO Vanguard S&P 500 ETF 6.80% 15,970 $7.5M Reduce -1.3%
QUAL iShares MSCI USA Quality Fac 6.61% 45,216 $7.2M Add +4.4%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 4.87% 117,740 $5.3M Add +3.4%
DGRO iShares Core Dividend Growth 4.13% 80,574 $4.5M Reduce -0.2%
USMV iShares MSCI USA Min Vol Fac 3.96% 53,306 $4.3M Reduce -1.3%
VIG Vanguard Dividend Apprec ETF 3.86% 23,723 $4.2M Reduce -3.6%
VTI VG Morningstar TS MKT ETF-US 3.70% 16,043 $4.1M Reduce -3.3%
IQLT iShares MSCI International Q 2.32% 65,674 $2.5M Add +5.7%
IWF iShares Russell 1000 Growth 2.05% 6,782 $2.2M No change
BRK.A Berkshire Hathaway Inc. Class A 1.69% 3 $1.8M No change
SCHG Schwab US Large-Cap Growth 1.05% 12,604 $1.1M No change
ILCG iShares Morningstar Growth E 0.90% 13,322 $989K Add +24.4%
IWD iShares Russell 1000 Value E 0.82% 5,224 $895K No change
V Visa Inc. Class A 0.72% 2,793 $789K Reduce -3.0%
PG The Procter & Gamble Co. 0.53% 3,659 $582K Reduce -10.1%
AMZN Amazon.com Inc. 0.46% 2,830 $500K Reduce -13.7%
DVY iShares Select Dividend ETF 0.45% 4,215 $491K No change
MSFT Microsoft Corp. 0.42% 1,109 $459K Reduce -12.6%
PEP Pepsico Inc. 0.33% 2,210 $365K Reduce -9.8%
JNJ Johnson & Johnson 0.31% 2,111 $341K Reduce -6.8%
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.31% 8,880 $337K No change
IJH iShares Core S&P Midcap ETF 0.26% 5,005 $289K Reduce -9.9%
MDY State Street SPDR S&P Midcap 0.24% 490 $259K Reduce -15.5%
HWKN Hawkins Inc. 0.19% 2,990 $210K No change
SYY Sysco Corp. 0.17% 2,349 $190K Reduce -5.0%
EMR Emerson Electric Co. 0.17% 1,750 $187K No change
PRF Invesco Rafi US 1000 ETF 0.17% 5,020 $185K No change
PFE Pfizer Inc. 0.16% 6,706 $178K Reduce -9.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.15% 700 $168K No change
BRK.B Berkshire Hathaway Inc. Class B 0.15% 400 $164K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.14% 4,500 $155K Reduce -25.4%
AAPL Apple Inc. 0.14% 855 $155K Reduce -11.6%
RPG Invesco S&P 500 Pure Growth 0.14% 4,310 $154K No change
MRK Merck & Co. Inc. 0.14% 1,200 $153K No change
KLAC KLA Corp. 0.12% 200 $136K No change
XOM Exxon Mobil Corp. 0.12% 1,294 $135K No change
ETN Eaton Corp. PLC 0.11% 400 $116K No change
ACN Accenture PLC Class A 0.10% 305 $114K Reduce -27.4%
USB US Bancorp 0.09% 2,470 $104K No change
HD Home Depot Inc. 0.09% 261 $99K No change
UNH Unitedhealth Group Inc. 0.09% 198 $98K No change
NVS Novartis AG-Sponsored ADR 0.08% 825 $83K No change
JPM JPMorgan Chase & Co. 0.08% 445 $83K No change
MDT Medtronic PLC 0.08% 991 $83K No change
ABBV Abbvie Inc. 0.07% 463 $82K Reduce -3.3%
FISV Fiserv Inc. 0.06% 448 $67K Reduce -11.8%
MO Altria Group Inc. 0.06% 1,600 $65K No change
SCHM Schwab US Mid Cap ETF 0.06% 800 $62K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.06% 990 $61K No change
QQQ Invesco QQQ Trust Series 1 0.06% 140 $61K No change
AXP American Express Co. 0.06% 280 $61K No change
AMAT Applied Materials Inc. 0.06% 301 $61K No change
ABT Abbott Laboratories 0.06% 510 $61K Reduce -4.5%
AMGN Amgen Inc. 0.06% 220 $60K No change
NVO Novo-Nordisk A/S-Spons ADR 0.05% 500 $60K No change
MMM 3M Co. 0.05% 647 $60K No change
NVDA Nvidia Corp. 0.05% 72 $57K No change
EFA iShares MSCI Eafe ETF 0.05% 710 $55K No change
SHV iShares 0-1 Year Treasury Bo 0.05% 480 $53K No change
ENB Enbridge Inc. 0.05% 1,469 $51K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.04% 200 $49K No change
ADI Analog Devices Inc. 0.04% 253 $49K No change
MSI Motorola Solutions Inc. 0.04% 144 $48K No change
PM Philip Morris International 0.04% 500 $45K No change
LIN Linde PLC 0.04% 100 $45K No change
XEL Xcel Energy Inc. 0.04% 836 $44K No change
PSX Phillips 66 0.04% 302 $43K No change
TSM Taiwan Semiconductor-SP ADR 0.04% 333 $43K No change
WFC Wells Fargo & Co. 0.04% 724 $40K No change
BND Vanguard Total Bond Market 0.04% 540 $39K No change
LLY Eli Lilly & Co. 0.03% 50 $38K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.03% 450 $38K No change
VEA Vanguard Ftse Developed ETF 0.03% 685 $33K No change
OKE Oneok Inc. 0.03% 400 $30K No change
STLA Stellantis NV 0.03% 1,136 $30K No change
BMY Bristol-Myers Squibb Co. 0.03% 558 $28K No change
CVX Chevron Corp. 0.02% 168 $26K No change
MCHP Microchip Technology Inc. 0.02% 300 $25K No change
T AT&T Inc. 0.02% 1,468 $25K No change
CL Colgate-Palmolive Co. 0.02% 285 $25K No change
TXN Texas Instruments Inc. 0.02% 147 $25K No change
DFS Discover Financial Services 0.02% 201 $24K No change
VZ Verizon Communications Inc. 0.02% 600 $24K No change
LNG Cheniere Energy Inc. 0.02% 150 $23K No change
XBXMX Nuveen S&P 500 Buy-WR Inc. 0.02% 1,750 $23K No change
GOOG Alphabet Inc. Class C 0.02% 160 $22K No change
SHEL Shell PLC-ADR 0.02% 300 $19K No change
IJR iShares Core S&P Small-Cap E 0.02% 170 $18K No change
HWM Howmet Aerospace Inc. 0.02% 272 $18K No change
COR Cencora Inc. 0.02% 75 $18K No change
EPD Enterprise Products Partners 0.01% 600 $16K No change
FAST Fastenal Co. 0.01% 216 $16K No change
NVT Nvent Electric PLC 0.01% 224 $15K No change
INTC Intel Corp. 0.01% 336 $14K No change
CNQ Canadian Natural Resources 0.01% 200 $14K No change
SO The Southern Co. 0.01% 200 $13K No change

Show all 136 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $6K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 5$6KNo change

Total filed on the 13F, all lines: $109.6M.

Portfolio Sells Q4 2023 → Q1 2024
DE Deere & Co. Sold out 0.00% −1.07
DIS The Walt Disney Co. Sold out 0.00% −0.36
VIG Vanguard Dividend Apprec ETF Reduce -3.6% 3.86% −0.11
PG The Procter & Gamble Co. Reduce -10.1% 0.53% −0.08
USMV iShares MSCI USA Min Vol Fac Reduce -1.3% 3.96% −0.08
PEP Pepsico Inc. Reduce -9.8% 0.33% −0.07
PFE Pfizer Inc. Reduce -9.6% 0.16% −0.06
MSFT Microsoft Corp. Reduce -12.6% 0.42% −0.05
AAPL Apple Inc. Reduce -11.6% 0.14% −0.04
BAC Bank of America Corp. Reduce -25.4% 0.14% −0.04
CAT Caterpillar Inc. Sold out 0.00% −0.04
ACN Accenture PLC Class A Reduce -27.4% 0.10% −0.03
JNJ Johnson & Johnson Reduce -6.8% 0.31% −0.03
MDY State Street SPDR S&P Midcap Reduce -15.5% 0.24% −0.03
NKE Nike Inc. Class B Sold out 0.00% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.9% 7.58% −0.03
CLFD Clearfield Inc. Sold out 0.00% −0.02
IJH iShares Core S&P Midcap ETF Reduce -9.9% 0.26% −0.02
AMZN Amazon.com Inc. Reduce -13.7% 0.46% −0.01
HBAN Huntington Bancshares Inc. Sold out 0.00% −0.01
GM General Motors Co. Sold out 0.00% −0.01
C Citigroup Inc. Sold out 0.00% −0.01
CLF Cleveland-Cliffs Inc. Sold out 0.00% −0.00
COST Costco Wholesale Corp. Reduce -47.4% 0.01% −0.00
FISV Fiserv Inc. Reduce -11.8% 0.06% −0.00
MA Mastercard Inc. Class A Reduce -42.3% 0.01% −0.00
V Visa Inc. Class A Reduce -3.0% 0.72% −0.00
SYY Sysco Corp. Reduce -5.0% 0.17% −0.00
ABT Abbott Laboratories Reduce -4.5% 0.06% +0.00
ABBV Abbvie Inc. Reduce -3.3% 0.07% +0.01
VTI VG Morningstar TS MKT ETF-US Reduce -3.3% 3.70% +0.02
DGRO iShares Core Dividend Growth Reduce -0.2% 4.13% +0.04
VOO Vanguard S&P 500 ETF Reduce -1.3% 6.80% +0.16

Portfolio Buys Q4 2023 → Q1 2024
IVV iShares Core S&P 500 ETF Add +1.7% 16.82% +0.87
QUAL iShares MSCI USA Quality Fac Add +4.4% 6.61% +0.63
SPHQ Invesco S&P 500 Quality ETF Add +3.0% 7.66% +0.57
ILCG iShares Morningstar Growth E Add +24.4% 0.90% +0.22
IQLT iShares MSCI International Q Add +5.7% 2.32% +0.14
IUSB Ishr CR Unvrse Usd BD ETF-Ui Add +3.4% 4.87% −0.12
GOVT iShares US Treasury Bond ETF Add +2.2% 16.37% −0.68

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