Hoese & Co LLP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 9, 2024), Hoese & Co LLP reported 177 stock positions worth $119.4 million. Its top holding was iShares US Treasury Bond ETF (GOVT) at 17.1% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 16.9%) and Invesco S&P 500 Quality ETF (SPHQ, 8.9%). Compared with Q2 2024, it opened 36 new positions, sold out of 3, added to 16 and reduced 31. The biggest buy was a new position in iShares 3-7 Year Treasury Bo (IEI) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- GLENCOE, MN
- CIK
- 0001840268
- Portfolio Value
- $119.4M (Q3 2024)
- SEC Filing
- 0001840268-24-000006 ↗ filed Oct 9, 2024
Holdings Value
Holdings 177 stocks · $119.4M
| GOVT iShares US Treasury Bond ETF | 17.13% | 871,845 | $20.4M | Reduce -2.4% |
| IVV iShares Core S&P 500 ETF | 16.88% | 34,938 | $20.2M | Reduce -3.6% |
| SPHQ Invesco S&P 500 Quality ETF | 8.88% | 157,526 | $10.6M | Reduce -4.0% |
| QUAL iShares MSCI USA Quality Fac | 6.97% | 46,390 | $8.3M | Reduce -2.7% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 6.08% | 154,017 | $7.3M | Reduce -3.1% |
| VOO Vanguard S&P 500 ETF | 5.85% | 13,239 | $7.0M | Reduce -14.9% |
| VIG Vanguard Dividend Apprec ETF | 4.55% | 27,417 | $5.4M | Reduce -5.5% |
| DGRO iShares Core Dividend Growth | 4.10% | 78,023 | $4.9M | Reduce -0.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.44% | 7,167 | $4.1M | Reduce -45.4% |
| USMV iShares MSCI USA Min Vol Fac | 3.38% | 44,197 | $4.0M | Reduce -10.9% |
| VTI VG Morningstar TS MKT ETF-US | 3.13% | 13,180 | $3.7M | Reduce -13.2% |
| IEI iShares 3-7 Year Treasury Bo | 2.06% | 20,584 | $2.5M | New |
| IWF iShares Russell 1000 Growth | 2.01% | 6,392 | $2.4M | Reduce -5.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.74% | 3 | $2.1M | No change |
| IGEB iShares Investment Grade SYS | 1.48% | 38,125 | $1.8M | New |
| XLK SS Technology Select Sector | 1.13% | 5,979 | $1.3M | Reduce -6.6% |
| SCHG Schwab US Large-Cap Growth | 0.97% | 11,064 | $1.2M | Reduce -9.0% |
| ILCG iShares Morningstar Growth E | 0.85% | 12,027 | $1.0M | Reduce -5.8% |
| IWD iShares Russell 1000 Value E | 0.83% | 5,224 | $992K | No change |
| IQLT iShares MSCI International Q | 0.80% | 23,099 | $958K | Reduce -39.5% |
| MSFT Microsoft Corp. | 0.54% | 1,492 | $642K | Add +30.9% |
| XEL Xcel Energy Inc. | 0.45% | 8,197 | $535K | Add +880.5% |
| DVY iShares Select Dividend ETF | 0.37% | 3,275 | $442K | Reduce -15.7% |
| HWKN Hawkins Inc. | 0.31% | 2,890 | $368K | Reduce -3.3% |
| PEP Pepsico Inc. | 0.30% | 2,105 | $358K | Reduce -4.8% |
| JNJ Johnson & Johnson | 0.29% | 2,164 | $351K | Add +2.5% |
| AAPL Apple Inc. | 0.26% | 1,312 | $306K | Add +43.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.25% | 1,110 | $293K | No change |
| MDY State Street SPDR S&P Midcap | 0.19% | 400 | $228K | Reduce -7.0% |
| PG The Procter & Gamble Co. | 0.16% | 1,135 | $197K | No change |
| IJH iShares Core S&P Midcap ETF | 0.16% | 3,095 | $193K | No change |
| EMR Emerson Electric Co. | 0.16% | 1,750 | $191K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.16% | 4,700 | $186K | Add +4.4% |
| SYY Sysco Corp. | 0.16% | 2,383 | $186K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.15% | 400 | $184K | No change |
| RPG Invesco S&P 500 Pure Growth | 0.14% | 4,310 | $169K | No change |
| KLAC KLA Corp. | 0.13% | 200 | $155K | No change |
| XOM Exxon Mobil Corp. | 0.13% | 1,277 | $150K | No change |
| ETN Eaton Corp. PLC | 0.12% | 426 | $141K | No change |
| USB US Bancorp | 0.10% | 2,670 | $122K | Add +8.1% |
| HD Home Depot Inc. | 0.10% | 292 | $118K | Add +11.9% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.09% | 2,675 | $111K | Reduce -55.3% |
| PRF Invesco Rafi US 1000 ETF | 0.09% | 2,570 | $104K | Reduce -48.8% |
| MRK Merck & Co. Inc. | 0.09% | 902 | $102K | Reduce -27.4% |
| JPM JPMorgan Chase & Co. | 0.09% | 485 | $102K | No change |
| UNP Union Pacific Corp. | 0.09% | 413 | $102K | Add +3076.9% |
| FCX Freeport-McMoran Inc. | 0.08% | 2,000 | $100K | New |
| NVS Novartis AG-Sponsored ADR | 0.08% | 825 | $95K | No change |
| MDT Medtronic PLC | 0.08% | 1,011 | $91K | No change |
| UNH Unitedhealth Group Inc. | 0.07% | 150 | $88K | No change |
| ABBV Abbvie Inc. | 0.07% | 444 | $88K | Reduce -8.6% |
| NVDA Nvidia Corp. | 0.07% | 720 | $87K | Add +900.0% |
| MO Altria Group Inc. | 0.07% | 1,600 | $82K | No change |
| TSLA Tesla Inc. | 0.07% | 300 | $78K | New |
| AXP American Express Co. | 0.06% | 280 | $76K | No change |
| FISV Fiserv Inc. | 0.06% | 403 | $72K | No change |
| AMGN Amgen Inc. | 0.06% | 220 | $71K | No change |
| MSI Motorola Solutions Inc. | 0.05% | 144 | $65K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.05% | 800 | $65K | Reduce -19.2% |
| ACN Accenture PLC Class A | 0.05% | 180 | $64K | Reduce -41.0% |
| AMAT Applied Materials Inc. | 0.05% | 301 | $61K | No change |
| PM Philip Morris International | 0.05% | 500 | $61K | No change |
| META Meta Platforms Inc. Class A | 0.05% | 105 | $60K | Add +2000.0% |
| ENB Enbridge Inc. | 0.05% | 1,469 | $60K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.05% | 500 | $60K | No change |
| ADI Analog Devices Inc. | 0.05% | 253 | $58K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.05% | 333 | $58K | No change |
| LLY Eli Lilly & Co. | 0.05% | 65 | $58K | No change |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.05% | 200 | $56K | No change |
| SHV iShares 0-1 Year Treasury Bo | 0.04% | 480 | $53K | No change |
| PSX Phillips 66 | 0.04% | 402 | $53K | Add +33.1% |
| COP Conocophillips | 0.04% | 500 | $53K | Add +400.0% |
| ABT Abbott Laboratories | 0.04% | 450 | $51K | No change |
| LIN Linde PLC | 0.04% | 100 | $48K | No change |
| GOOG Alphabet Inc. Class C | 0.04% | 260 | $43K | No change |
| WFC Wells Fargo & Co. | 0.03% | 724 | $41K | No change |
| BND Vanguard Total Bond Market | 0.03% | 540 | $41K | No change |
| OTTR Otter Tail Corp. | 0.03% | 500 | $39K | New |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.03% | 675 | $38K | No change |
| EFA iShares MSCI Eafe ETF | 0.03% | 450 | $38K | Reduce -36.6% |
| AMZN Amazon.com Inc. | 0.03% | 200 | $37K | New |
| OKE Oneok Inc. | 0.03% | 400 | $36K | No change |
| HWM Howmet Aerospace Inc. | 0.03% | 337 | $34K | Add +23.9% |
| WMT Walmart Inc. | 0.03% | 405 | $33K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.03% | 62 | $30K | Reduce -55.7% |
| T AT&T Inc. | 0.02% | 1,350 | $30K | Reduce -8.0% |
| CL Colgate-Palmolive Co. | 0.02% | 285 | $30K | No change |
| DFS Discover Financial Services | 0.02% | 201 | $28K | No change |
| LNG Cheniere Energy Inc. | 0.02% | 150 | $27K | No change |
| VZ Verizon Communications Inc. | 0.02% | 600 | $27K | No change |
| NEM Newmont Corp. | 0.02% | 500 | $27K | New |
| CVX Chevron Corp. | 0.02% | 168 | $25K | No change |
| CIEN Ciena Corp. | 0.02% | 400 | $25K | New |
| MCHP Microchip Technology Inc. | 0.02% | 300 | $24K | No change |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.02% | 1,750 | $24K | No change |
| VEA Vanguard Ftse Developed ETF | 0.02% | 388 | $20K | Reduce -63.8% |
| HL Hecla Mining Co. | 0.02% | 3,000 | $20K | New |
| SHEL Shell PLC-ADR | 0.02% | 300 | $20K | No change |
| SO The Southern Co. | 0.02% | 200 | $18K | No change |
| FIS Fidelity National Info Serv | 0.01% | 209 | $18K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $6K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 5 | $6K | No change |
Total filed on the 13F, all lines: $119.4M.
Portfolio Sells Q2 2024 → Q3 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -45.4% | 3.44% | −2.59 |
| VOO Vanguard S&P 500 ETF | Reduce -14.9% | 5.85% | −0.73 |
| IQLT iShares MSCI International Q | Reduce -39.5% | 0.80% | −0.53 |
| GOVT iShares US Treasury Bond ETF | Reduce -2.4% | 17.13% | −0.34 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -13.2% | 3.13% | −0.33 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -10.9% | 3.38% | −0.20 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -3.1% | 6.08% | −0.17 |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | Reduce -55.3% | 0.09% | −0.11 |
| PRF Invesco Rafi US 1000 ETF | Reduce -48.8% | 0.09% | −0.08 |
| DVY iShares Select Dividend ETF | Reduce -15.7% | 0.37% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -27.4% | 0.09% | −0.05 |
| XLK SS Technology Select Sector | Reduce -6.6% | 1.13% | −0.04 |
| SCHG Schwab US Large-Cap Growth | Reduce -9.0% | 0.97% | −0.04 |
| PEP Pepsico Inc. | Reduce -4.8% | 0.30% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -5.5% | 4.55% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -63.8% | 0.02% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -55.7% | 0.03% | −0.03 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.03 |
| ACN Accenture PLC Class A | Reduce -41.0% | 0.05% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -36.6% | 0.03% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -5.8% | 2.01% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -7.0% | 0.19% | −0.01 |
| ILCG iShares Morningstar Growth E | Reduce -5.8% | 0.85% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -19.2% | 0.05% | −0.01 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.01 |
| TEL Te Connectivity Ltd. | Sold out | 0.00% | −0.00 |
| MCD McDonald's Corp. | Reduce -16.1% | 0.01% | −0.00 |
| T AT&T Inc. | Reduce -8.0% | 0.02% | +0.00 |
| ABBV Abbvie Inc. | Reduce -8.6% | 0.07% | +0.01 |
| QUAL iShares MSCI USA Quality Fac | Reduce -2.7% | 6.97% | +0.07 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -4.0% | 8.88% | +0.08 |
| HWKN Hawkins Inc. | Reduce -3.3% | 0.31% | +0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -3.6% | 16.88% | +0.13 |
| DGRO iShares Core Dividend Growth | Reduce -0.8% | 4.10% | +0.15 |
Portfolio Buys Q2 2024 → Q3 2024
| IEI iShares 3-7 Year Treasury Bo | New | 2.06% | +2.06 |
| IGEB iShares Investment Grade SYS | New | 1.48% | +1.48 |
| XEL Xcel Energy Inc. | Add +880.5% | 0.45% | +0.41 |
| MSFT Microsoft Corp. | Add +30.9% | 0.54% | +0.12 |
| AAPL Apple Inc. | Add +43.9% | 0.26% | +0.10 |
| FCX Freeport-McMoran Inc. | New | 0.08% | +0.08 |
| UNP Union Pacific Corp. | Add +3076.9% | 0.09% | +0.08 |
| TSLA Tesla Inc. | New | 0.07% | +0.07 |
| META Meta Platforms Inc. Class A | Add +2000.0% | 0.05% | +0.05 |
| COP Conocophillips | Add +400.0% | 0.04% | +0.03 |
| OTTR Otter Tail Corp. | New | 0.03% | +0.03 |
| AMZN Amazon.com Inc. | New | 0.03% | +0.03 |
| WMT Walmart Inc. | New | 0.03% | +0.03 |
| JNJ Johnson & Johnson | Add +2.5% | 0.29% | +0.02 |
| HD Home Depot Inc. | Add +11.9% | 0.10% | +0.02 |
| NEM Newmont Corp. | New | 0.02% | +0.02 |
| CIEN Ciena Corp. | New | 0.02% | +0.02 |
| HL Hecla Mining Co. | New | 0.02% | +0.02 |
| USB US Bancorp | Add +8.1% | 0.10% | +0.01 |
| RQI Cohen & Steers Qual Inc. RLTY | New | 0.01% | +0.01 |
| CEF Sprott Physical Gold and Sil | New | 0.01% | +0.01 |
| BCS Barclays PLC-Spons ADR | New | 0.01% | +0.01 |
| MS Morgan Stanley | New | 0.01% | +0.01 |
| HWM Howmet Aerospace Inc. | Add +23.9% | 0.03% | +0.01 |
| PSX Phillips 66 | Add +33.1% | 0.04% | +0.01 |
| KO The Coca-Cola Co. | New | 0.01% | +0.01 |
| CUT Invesco MSCI Global Timber E | New | 0.01% | +0.01 |
| TWLO Twilio Inc. Class A | New | 0.01% | +0.01 |
| UBS UBS Group AG-Reg | New | 0.01% | +0.01 |
| C Citigroup Inc. | Add +137.0% | 0.01% | +0.01 |
| SLV iShares Silver Trust | New | 0.00% | +0.00 |
| SNAP Snap Inc. Class A | New | 0.00% | +0.00 |
| CLF Cleveland-Cliffs Inc. | New | 0.00% | +0.00 |
| NVDA Nvidia Corp. | Add +900.0% | 0.07% | +0.00 |
| GE General Electric | New | 0.00% | +0.00 |
| COHR Coherent Corp. | New | 0.00% | +0.00 |
| MUR Murphy Oil Corp. | New | 0.00% | +0.00 |
| BMY Bristol-Myers Squibb Co. | New | 0.00% | +0.00 |
| BABA Alibaba Group Holding-SP ADR | New | 0.00% | +0.00 |
| CENX Century Aluminum Company | New | 0.00% | +0.00 |
| SIRI Sirius XM Holdings Inc. | New | 0.00% | +0.00 |
| GEV GE Vernova Inc. | New | 0.00% | +0.00 |
| NG Novagold Resources Inc. | New | 0.00% | +0.00 |
| F Ford Motor Co. | New | 0.00% | +0.00 |
| GEHC GE Healthcare Technology | New | 0.00% | +0.00 |
| UAA Under Armour Inc. Class A | New | 0.00% | +0.00 |
| WAB Wabtec Corp. | New | 0.00% | +0.00 |
| CHRD Chord Energy Corp. | New | 0.00% | +0.00 |
| AA Alcoa Corp. | Add +20.4% | 0.00% | 0.00 |
| TMQ Trilogy Metals Inc. | New | 0.00% | 0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 183 | $153.9M | IEI, IVV, SPHQ, DYNF, DGRO |
| Q1 2026 | 135 | $134.7M | IEI, IVV, SPHQ, DYNF, DGRO |
| Q4 2025 | 136 | $140.3M | IEI, IVV, SPHQ, DGRO, VIG |
| Q3 2025 | 125 | $130.8M | IEI, IVV, SPHQ, QUAL, VIG |
| Q2 2025 | 154 | $124.0M | IEI, IVV, SPHQ, QUAL, DGRO |
| Q1 2025 | 152 | $115.3M | IEI, IVV, SPHQ, QUAL, IUSB |
| Q4 2024 | 165 | $115.2M | IEI, IVV, SPHQ, QUAL, IUSB |
| Q3 2024 | 177 | $119.4M | GOVT, IVV, SPHQ, QUAL, IUSB |
| Q2 2024 | 144 | $114.6M | GOVT, IVV, SPHQ, QUAL, VOO |
| Q1 2024 | 136 | $109.6M | IVV, GOVT, SPHQ, SPY, VOO |