Hoese & Co LLP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 3, 2024), Hoese & Co LLP reported 144 stock positions worth $114.6 million. Its top holding was iShares US Treasury Bond ETF (GOVT) at 17.5% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 16.8%) and Invesco S&P 500 Quality ETF (SPHQ, 8.8%). Compared with Q1 2024, it opened 21 new positions, sold out of 13, added to 21 and reduced 20. The biggest buy was Ishr CR Unvrse Usd BD ETF-Ui (IUSB, shares +35%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −20%).

Most Recent 13F
Q2 2026
Location
GLENCOE, MN
CIK
0001840268
Portfolio Value
$114.6M (Q2 2024)
SEC Filing
0001840268-24-000003 ↗ filed Jul 3, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $109.6M Q1 2024 Q2 2024: $114.6M $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 144 stocks · $114.6M
GOVT iShares US Treasury Bond ETF 17.47% 893,320 $20.0M Add +12.8%
IVV iShares Core S&P 500 ETF 16.76% 36,226 $19.2M Add +0.3%
SPHQ Invesco S&P 500 Quality ETF 8.80% 164,006 $10.1M Add +14.3%
QUAL iShares MSCI USA Quality Fac 6.90% 47,672 $7.9M Add +5.4%
VOO Vanguard S&P 500 ETF 6.58% 15,551 $7.5M Reduce -2.6%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 6.24% 158,977 $7.2M Add +35.0%
SPY SS SPDR S&P 500 ETF Trust-US 6.04% 13,121 $6.9M Reduce -19.7%
VIG Vanguard Dividend Apprec ETF 4.58% 29,020 $5.2M Add +22.3%
DGRO iShares Core Dividend Growth 3.95% 78,609 $4.5M Reduce -2.4%
USMV iShares MSCI USA Min Vol Fac 3.58% 49,596 $4.1M Reduce -7.0%
VTI VG Morningstar TS MKT ETF-US 3.45% 15,183 $4.0M Reduce -5.4%
IWF iShares Russell 1000 Growth 2.03% 6,782 $2.3M No change
BRK.A Berkshire Hathaway Inc. Class A 1.64% 3 $1.9M No change
IQLT iShares MSCI International Q 1.33% 38,160 $1.5M Reduce -41.9%
XLK SS Technology Select Sector 1.17% 6,399 $1.3M New
SCHG Schwab US Large-Cap Growth 1.00% 12,164 $1.1M Reduce -3.5%
ILCG iShares Morningstar Growth E 0.86% 12,767 $981K Reduce -4.2%
IWD iShares Russell 1000 Value E 0.81% 5,224 $925K No change
DVY iShares Select Dividend ETF 0.42% 3,885 $484K Reduce -7.8%
MSFT Microsoft Corp. 0.41% 1,140 $473K Add +2.8%
PEP Pepsico Inc. 0.33% 2,210 $382K No change
JNJ Johnson & Johnson 0.27% 2,111 $310K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.24% 1,110 $272K Add +58.6%
HWKN Hawkins Inc. 0.23% 2,990 $261K No change
MDY State Street SPDR S&P Midcap 0.20% 430 $235K Reduce -12.2%
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.20% 5,980 $233K Reduce -32.7%
EMR Emerson Electric Co. 0.17% 1,750 $196K No change
PRF Invesco Rafi US 1000 ETF 0.17% 5,020 $192K No change
PG The Procter & Gamble Co. 0.16% 1,135 $187K Reduce -69.0%
IJH iShares Core S&P Midcap ETF 0.16% 3,095 $185K Reduce -38.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.16% 4,500 $180K No change
AAPL Apple Inc. 0.15% 912 $175K Add +6.7%
SYY Sysco Corp. 0.15% 2,383 $174K Add +1.4%
BRK.B Berkshire Hathaway Inc. Class B 0.14% 400 $166K No change
MRK Merck & Co. Inc. 0.14% 1,242 $156K Add +3.5%
RPG Invesco S&P 500 Pure Growth 0.13% 4,310 $153K No change
KLAC KLA Corp. 0.13% 200 $152K No change
XOM Exxon Mobil Corp. 0.13% 1,277 $150K Reduce -1.3%
ETN Eaton Corp. PLC 0.12% 426 $142K Add +6.5%
USB US Bancorp 0.09% 2,470 $100K No change
JPM JPMorgan Chase & Co. 0.09% 485 $98K Add +9.0%
HD Home Depot Inc. 0.08% 261 $87K No change
ACN Accenture PLC Class A 0.08% 305 $86K No change
NVS Novartis AG-Sponsored ADR 0.07% 825 $85K No change
MDT Medtronic PLC 0.07% 1,011 $82K Add +2.0%
NVDA Nvidia Corp. 0.07% 72 $79K Reduce -90.0%
ABBV Abbvie Inc. 0.07% 486 $78K Add +5.0%
UNH Unitedhealth Group Inc. 0.06% 150 $74K Reduce -24.2%
MO Altria Group Inc. 0.06% 1,600 $74K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.06% 990 $72K No change
NVO Novo-Nordisk A/S-Spons ADR 0.06% 500 $68K No change
AMGN Amgen Inc. 0.06% 220 $67K No change
AXP American Express Co. 0.06% 280 $67K No change
AMAT Applied Materials Inc. 0.06% 301 $65K No change
QQQ Invesco QQQ Trust Series 1 0.06% 140 $63K No change
FISV Fiserv Inc. 0.05% 403 $60K Reduce -10.0%
ADI Analog Devices Inc. 0.05% 253 $59K No change
EFA iShares MSCI Eafe ETF 0.05% 710 $58K No change
VEA Vanguard Ftse Developed ETF 0.05% 1,073 $54K Add +56.6%
ENB Enbridge Inc. 0.05% 1,469 $54K No change
LLY Eli Lilly & Co. 0.05% 65 $53K Add +30.0%
SHV iShares 0-1 Year Treasury Bo 0.05% 480 $53K No change
MSI Motorola Solutions Inc. 0.05% 144 $53K No change
PM Philip Morris International 0.04% 500 $51K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.04% 200 $51K No change
TSM Taiwan Semiconductor-SP ADR 0.04% 333 $50K No change
XEL Xcel Energy Inc. 0.04% 836 $46K No change
ABT Abbott Laboratories 0.04% 450 $46K Reduce -11.8%
GOOG Alphabet Inc. Class C 0.04% 260 $45K Add +62.5%
LIN Linde PLC 0.04% 100 $44K No change
WFC Wells Fargo & Co. 0.04% 724 $43K No change
PSX Phillips 66 0.04% 302 $43K No change
BND Vanguard Total Bond Market 0.03% 540 $39K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.03% 450 $36K No change
OKE Oneok Inc. 0.03% 400 $32K No change
MCHP Microchip Technology Inc. 0.03% 300 $29K No change
TXN Texas Instruments Inc. 0.03% 147 $29K No change
CVX Chevron Corp. 0.02% 168 $27K No change
T AT&T Inc. 0.02% 1,468 $27K No change
CL Colgate-Palmolive Co. 0.02% 285 $26K No change
VZ Verizon Communications Inc. 0.02% 600 $25K No change
DFS Discover Financial Services 0.02% 201 $25K No change
LNG Cheniere Energy Inc. 0.02% 150 $24K No change
XBXMX Nuveen S&P 500 Buy-WR Inc. 0.02% 1,750 $23K No change
HWM Howmet Aerospace Inc. 0.02% 272 $23K No change
SHEL Shell PLC-ADR 0.02% 300 $22K No change
NVT Nvent Electric PLC 0.02% 224 $18K No change
EPD Enterprise Products Partners 0.01% 600 $17K No change
COR Cencora Inc. 0.01% 75 $17K No change
SO The Southern Co. 0.01% 200 $16K No change
FIS Fidelity National Info Serv 0.01% 209 $16K Add +16.1%
CNQ Canadian Natural Resources 0.01% 200 $15K Reduce -50.0%
RTX RTX Corp. 0.01% 142 $15K Add +42.0%
DCI Donaldson Co. Inc. 0.01% 180 $13K No change
GSIE Goldman Sachs Activebeta Int 0.01% 378 $13K New
VCIT Vanguard Int-Term Corporate 0.01% 158 $13K No change
SPSB SS SPDR P St C Corp. ETF 0.01% 408 $12K No change
VGIT Vanguard Intermediate-Term T 0.01% 204 $12K No change
COP Conocophillips 0.01% 100 $12K No change
TTE Totalenergies SE -Spon ADR 0.01% 159 $12K Add +59.0%
SCHW Schwab (charles) Corp. 0.01% 152 $11K No change
RY Royal Bank of Canada 0.01% 100 $11K No change
FUL H.B. Fuller Co. filed as FULLER H B CO 0.01% 134 $11K No change
O Realty Income Corp. 0.01% 200 $11K No change
INTC Intel Corp. 0.01% 336 $10K No change
HSY The Hershey Co. 0.01% 50 $10K No change
ET Energy Transfer LP 0.01% 600 $9K No change
AVGO Broadcom Inc. 0.01% 7 $9K New
TTC Toro Co. 0.01% 108 $9K No change
LFUS Littelfuse Inc. 0.01% 32 $8K No change
COST Costco Wholesale Corp. 0.01% 10 $8K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.01% 100 $8K No change
MCD McDonald's Corp. 0.01% 31 $8K Reduce -20.5%
SHW The Sherwin-Williams Co. 0.01% 26 $8K No change
SAFT Safety Insurance Group Inc. 0.01% 100 $8K No change
PSA Public Storage 0.01% 25 $7K No change
ORI Old Republic Intl Corp. 0.01% 210 $7K No change
PRLB Proto Labs Inc. 0.01% 200 $6K No change
MFC Manulife Financial Corp. 0.01% 226 $6K New
NTR Nutrien Ltd. 0.01% 100 $6K No change
WM Waste Management Inc. 0.00% 26 $5K New
CTAS Cintas Corp. 0.00% 8 $5K No change
QCOM Qualcomm Inc. 0.00% 24 $5K No change
LRCX Lam Research Corp. 0.00% 5 $5K New
C Citigroup Inc. 0.00% 73 $5K New
SU Suncor Energy Inc. 0.00% 111 $5K New
CE Celanese Corp. 0.00% 26 $4K New
AA Alcoa Corp. 0.00% 88 $4K No change
BLK BlackRock Finance Inc. 0.00% 5 $4K New
BKNG Booking Holdings Inc. 0.00% 1 $4K New
ZBH Zimmer Biomet Holdings Inc. 0.00% 30 $3K No change
MDLZ Mondelez International Inc. Class A 0.00% 48 $3K New
UNP Union Pacific Corp. 0.00% 13 $3K New
EA Electronic Arts Inc. 0.00% 22 $3K New
LVS Las Vegas Sands Corp. 0.00% 63 $3K New
CTSH Cognizant Tech Solutions-A 0.00% 41 $3K New
EFV iShares MSCI Eafe Value ETF 0.00% 48 $3K No change
LNT Alliant Energy Corp. 0.00% 50 $3K No change
TEL Te Connectivity Ltd. 0.00% 17 $3K New
META Meta Platforms Inc. Class A 0.00% 5 $2K New
TGT Target Corp. 0.00% 14 $2K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 20 $2K New
IPG Interpublic Group of Cos Inc. 0.00% 66 $2K New
PII Polaris Inc. 0.00% 24 $2K No change
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: $114.6M.

Portfolio Sells Q1 2024 → Q2 2024
SPY SS SPDR S&P 500 ETF Trust-US Reduce -19.7% 6.04% −1.54
IQLT iShares MSCI International Q Reduce -41.9% 1.33% −0.99
V Visa Inc. Class A Sold out 0.00% −0.72
AMZN Amazon.com Inc. Sold out 0.00% −0.46
USMV iShares MSCI USA Min Vol Fac Reduce -7.0% 3.58% −0.37
PG The Procter & Gamble Co. Reduce -69.0% 0.16% −0.37
VTI VG Morningstar TS MKT ETF-US Reduce -5.4% 3.45% −0.25
VOO Vanguard S&P 500 ETF Reduce -2.6% 6.58% −0.23
DGRO iShares Core Dividend Growth Reduce -2.4% 3.95% −0.18
PFE Pfizer Inc. Sold out 0.00% −0.16
PRFZ Inv Rafi US 1500 SM-Usd Inc. Reduce -32.7% 0.20% −0.10
IJH iShares Core S&P Midcap ETF Reduce -38.2% 0.16% −0.10
SCHM Schwab US Mid Cap ETF Sold out 0.00% −0.06
MMM 3M Co. Sold out 0.00% −0.05
ILCG iShares Morningstar Growth E Reduce -4.2% 0.86% −0.05
SCHG Schwab US Large-Cap Growth Reduce -3.5% 1.00% −0.04
MDY State Street SPDR S&P Midcap Reduce -12.2% 0.20% −0.03
STLA Stellantis NV Sold out 0.00% −0.03
DVY iShares Select Dividend ETF Reduce -7.8% 0.42% −0.03
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.03
UNH Unitedhealth Group Inc. Reduce -24.2% 0.06% −0.02
IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.02
ABT Abbott Laboratories Reduce -11.8% 0.04% −0.02
FAST Fastenal Co. Sold out 0.00% −0.01
CHRW C.H. Robinson Worldwide Inc. Sold out 0.00% −0.01
FISV Fiserv Inc. Reduce -10.0% 0.05% −0.01
MA Mastercard Inc. Class A Sold out 0.00% −0.01
DGII Digi International Inc. Sold out 0.00% −0.01
UPS United Parcel Service Class B Sold out 0.00% −0.00
MCD McDonald's Corp. Reduce -20.5% 0.01% −0.00
CNQ Canadian Natural Resources Reduce -50.0% 0.01% +0.00
XOM Exxon Mobil Corp. Reduce -1.3% 0.13% +0.01
NVDA Nvidia Corp. Reduce -90.0% 0.07% +0.02

Portfolio Buys Q1 2024 → Q2 2024
IUSB Ishr CR Unvrse Usd BD ETF-Ui Add +35.0% 6.24% +1.38
XLK SS Technology Select Sector New 1.17% +1.17
SPHQ Invesco S&P 500 Quality ETF Add +14.3% 8.80% +1.14
GOVT iShares US Treasury Bond ETF Add +12.8% 17.47% +1.10
VIG Vanguard Dividend Apprec ETF Add +22.3% 4.58% +0.72
QUAL iShares MSCI USA Quality Fac Add +5.4% 6.90% +0.28
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +58.6% 0.24% +0.08
GOOG Alphabet Inc. Class C Add +62.5% 0.04% +0.02
ETN Eaton Corp. PLC Add +6.5% 0.12% +0.02
VEA Vanguard Ftse Developed ETF Add +56.6% 0.05% +0.02
LLY Eli Lilly & Co. Add +30.0% 0.05% +0.01
AAPL Apple Inc. Add +6.7% 0.15% +0.01
GSIE Goldman Sachs Activebeta Int New 0.01% +0.01
JPM JPMorgan Chase & Co. Add +9.0% 0.09% +0.01
AVGO Broadcom Inc. New 0.01% +0.01
RTX RTX Corp. Add +42.0% 0.01% +0.01
MFC Manulife Financial Corp. New 0.01% +0.01
WM Waste Management Inc. New 0.00% +0.00
TTE Totalenergies SE -Spon ADR Add +59.0% 0.01% +0.00
LRCX Lam Research Corp. New 0.00% +0.00
C Citigroup Inc. New 0.00% +0.00
SU Suncor Energy Inc. New 0.00% +0.00
CE Celanese Corp. New 0.00% +0.00
BLK BlackRock Finance Inc. New 0.00% +0.00
BKNG Booking Holdings Inc. New 0.00% +0.00
MDLZ Mondelez International Inc. Class A New 0.00% +0.00
EA Electronic Arts Inc. New 0.00% +0.00
UNP Union Pacific Corp. New 0.00% +0.00
FIS Fidelity National Info Serv Add +16.1% 0.01% +0.00
LVS Las Vegas Sands Corp. New 0.00% +0.00
CTSH Cognizant Tech Solutions-A New 0.00% +0.00
TEL Te Connectivity Ltd. New 0.00% +0.00
META Meta Platforms Inc. Class A New 0.00% +0.00
TGT Target Corp. New 0.00% +0.00
DIS The Walt Disney Co. New 0.00% +0.00
IPG Interpublic Group of Cos Inc. New 0.00% +0.00
MRK Merck & Co. Inc. Add +3.5% 0.14% −0.00
MDT Medtronic PLC Add +2.0% 0.07% −0.00
MSFT Microsoft Corp. Add +2.8% 0.41% −0.01
ABBV Abbvie Inc. Add +5.0% 0.07% −0.01
SYY Sysco Corp. Add +1.4% 0.15% −0.02
IVV iShares Core S&P 500 ETF Add +0.3% 16.76% −0.06

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