Hoese & Co LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 16, 2025), Hoese & Co LLP reported 165 stock positions worth $115.2 million. Its top holding was iShares 3-7 Year Treasury Bo (IEI) at 19.1% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 17.3%) and Invesco S&P 500 Quality ETF (SPHQ, 9.3%). Compared with Q3 2024, it opened 36 new positions, sold out of 48, added to 11 and reduced 31. The biggest buy was iShares 3-7 Year Treasury Bo (IEI, shares +824%) and the biggest sale an exit from iShares US Treasury Bond ETF (GOVT).
- Most Recent 13F
- Q2 2026
- Location
- GLENCOE, MN
- CIK
- 0001840268
- Portfolio Value
- $115.2M (Q4 2024)
- SEC Filing
- 0001840268-25-000001 ↗ filed Jan 16, 2025
Holdings Value
Holdings 165 stocks · $115.2M
| IEI iShares 3-7 Year Treasury Bo | 19.09% | 190,278 | $22.0M | Add +824.4% |
| IVV iShares Core S&P 500 ETF | 17.32% | 33,896 | $20.0M | Reduce -3.0% |
| SPHQ Invesco S&P 500 Quality ETF | 9.29% | 159,615 | $10.7M | Add +1.3% |
| QUAL iShares MSCI USA Quality Fac | 7.10% | 45,954 | $8.2M | Reduce -0.9% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 5.98% | 152,342 | $6.9M | Reduce -1.1% |
| DGRO iShares Core Dividend Growth | 5.32% | 99,875 | $6.1M | Add +28.0% |
| VOO Vanguard S&P 500 ETF | 5.30% | 11,326 | $6.1M | Reduce -14.4% |
| VIG Vanguard Dividend Apprec ETF | 5.06% | 29,763 | $5.8M | Add +8.6% |
| USMV iShares MSCI USA Min Vol Fac | 3.35% | 43,496 | $3.9M | Reduce -1.6% |
| VTI VG Morningstar TS MKT ETF-US | 3.24% | 12,873 | $3.7M | Reduce -2.3% |
| IWF iShares Russell 1000 Growth | 2.16% | 6,192 | $2.5M | Reduce -3.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.14% | 4,211 | $2.5M | Reduce -41.2% |
| IGEB iShares Investment Grade SYS | 2.09% | 54,275 | $2.4M | Add +42.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.77% | 3 | $2.0M | No change |
| SCHG Schwab US Large-Cap Growth | 0.97% | 39,906 | $1.1M | Reduce -9.8% |
| IWD iShares Russell 1000 Value E | 0.84% | 5,223 | $967K | Reduce -0.0% |
| AAPL Apple Inc. | 0.75% | 3,472 | $869K | Add +164.6% |
| IQLT iShares MSCI International Q | 0.53% | 16,586 | $615K | Reduce -28.2% |
| MSFT Microsoft Corp. | 0.44% | 1,195 | $504K | Reduce -19.9% |
| DVY iShares Select Dividend ETF | 0.37% | 3,275 | $430K | No change |
| JNJ Johnson & Johnson | 0.31% | 2,502 | $362K | Add +15.6% |
| PEP Pepsico Inc. | 0.28% | 2,105 | $320K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.25% | 1,110 | $293K | No change |
| JPM JPMorgan Chase & Co. | 0.24% | 1,160 | $278K | Add +139.2% |
| MDY State Street SPDR S&P Midcap | 0.20% | 400 | $228K | No change |
| TXN Texas Instruments Inc. | 0.19% | 1,143 | $214K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 4,500 | $198K | Reduce -4.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.17% | 2,721 | $194K | New |
| EMR Emerson Electric Co. | 0.16% | 1,510 | $187K | Reduce -13.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 400 | $181K | No change |
| SYY Sysco Corp. | 0.16% | 2,349 | $180K | Reduce -1.4% |
| RPG Invesco S&P 500 Pure Growth | 0.15% | 4,310 | $178K | No change |
| HWKN Hawkins Inc. | 0.15% | 1,440 | $177K | Reduce -50.2% |
| PG The Procter & Gamble Co. | 0.15% | 1,035 | $174K | Reduce -8.8% |
| XOM Exxon Mobil Corp. | 0.14% | 1,450 | $156K | Add +13.6% |
| MMM 3M Co. | 0.12% | 1,100 | $142K | New |
| ETN Eaton Corp. PLC | 0.12% | 426 | $141K | No change |
| KLAC KLA Corp. | 0.11% | 200 | $126K | No change |
| IJH iShares Core S&P Midcap ETF | 0.11% | 1,965 | $122K | Reduce -36.5% |
| MRK Merck & Co. Inc. | 0.11% | 1,218 | $121K | Add +35.0% |
| USB US Bancorp | 0.10% | 2,470 | $118K | Reduce -7.5% |
| HD Home Depot Inc. | 0.10% | 292 | $114K | No change |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.10% | 3,211 | $110K | New |
| IVW iShares S&P 500 Growth ETF | 0.09% | 1,032 | $105K | New |
| PRF Invesco Rafi US 1000 ETF | 0.09% | 2,570 | $104K | No change |
| MO Altria Group Inc. | 0.07% | 1,600 | $84K | No change |
| AXP American Express Co. | 0.07% | 280 | $83K | No change |
| FISV Fiserv Inc. | 0.07% | 403 | $83K | No change |
| NVS Novartis AG-Sponsored ADR | 0.07% | 825 | $80K | No change |
| MDT Medtronic PLC | 0.07% | 991 | $79K | Reduce -2.0% |
| ABBV Abbvie Inc. | 0.07% | 444 | $79K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 357 | $78K | New |
| UNH Unitedhealth Group Inc. | 0.07% | 150 | $76K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.06% | 428 | $72K | New |
| DE Deere & Co. | 0.06% | 165 | $70K | New |
| MSI Motorola Solutions Inc. | 0.06% | 144 | $67K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.06% | 333 | $66K | No change |
| ACN Accenture PLC Class A | 0.06% | 180 | $63K | No change |
| ENB Enbridge Inc. | 0.05% | 1,469 | $62K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.05% | 800 | $61K | No change |
| PM Philip Morris International | 0.05% | 500 | $60K | No change |
| AMGN Amgen Inc. | 0.05% | 220 | $57K | No change |
| CAT Caterpillar Inc. | 0.05% | 157 | $57K | New |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.05% | 200 | $57K | No change |
| XEL Xcel Energy Inc. | 0.05% | 836 | $56K | Reduce -89.8% |
| ADI Analog Devices Inc. | 0.05% | 253 | $54K | No change |
| PFF iShares Preferred & Income S | 0.05% | 1,700 | $53K | New |
| SHV iShares 0-1 Year Treasury Bo | 0.05% | 480 | $53K | No change |
| ABT Abbott Laboratories | 0.04% | 450 | $51K | No change |
| WFC Wells Fargo & Co. | 0.04% | 724 | $51K | No change |
| LLY Eli Lilly & Co. | 0.04% | 65 | $50K | No change |
| GOOG Alphabet Inc. Class C | 0.04% | 260 | $50K | No change |
| AMAT Applied Materials Inc. | 0.04% | 301 | $49K | No change |
| SPEM State Street SP PTF Em ETF | 0.04% | 1,243 | $48K | New |
| IUSG iShares Core S&P U.S. Growth | 0.04% | 333 | $46K | New |
| NVO Novo-Nordisk A/S-Spons ADR | 0.04% | 500 | $43K | No change |
| ICSH iShares Ultra Short Duration | 0.04% | 850 | $43K | New |
| COP Conocophillips | 0.04% | 431 | $43K | Reduce -13.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.04% | 82 | $42K | Add +32.3% |
| LIN Linde PLC | 0.04% | 100 | $42K | No change |
| IUSV iShares Core S&P U.S. Value | 0.04% | 441 | $41K | New |
| OKE Oneok Inc. | 0.03% | 400 | $40K | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.03% | 675 | $40K | No change |
| BND Vanguard Total Bond Market | 0.03% | 540 | $39K | No change |
| WMT Walmart Inc. | 0.03% | 405 | $37K | No change |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.03% | 860 | $36K | Reduce -67.8% |
| DFS Discover Financial Services | 0.03% | 201 | $35K | No change |
| PSX Phillips 66 | 0.03% | 302 | $34K | Reduce -24.9% |
| EFA iShares MSCI Eafe ETF | 0.03% | 450 | $34K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.03% | 366 | $32K | New |
| LNG Cheniere Energy Inc. | 0.03% | 150 | $32K | No change |
| T AT&T Inc. | 0.03% | 1,350 | $31K | No change |
| NEAR iShares SH Dba ETF Usd Inc. | 0.03% | 600 | $30K | New |
| HON Honeywell International Inc. | 0.03% | 131 | $30K | New |
| NVDA Nvidia Corp. | 0.03% | 220 | $30K | Reduce -69.4% |
| SCHD Schwab US DVD Equity ETF | 0.02% | 966 | $26K | New |
| IWS iShares Russell Mid-Cap Valu | 0.02% | 203 | $26K | New |
| IWN iShares Russell 2000 Value E | 0.02% | 158 | $26K | New |
| CL Colgate-Palmolive Co. | 0.02% | 285 | $26K | No change |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.02% | 1,750 | $24K | 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: $115.2M.
Portfolio Sells Q3 2024 → Q4 2024
| GOVT iShares US Treasury Bond ETF | Sold out | 0.00% | −17.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -41.2% | 2.14% | −1.30 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −1.13 |
| ILCG iShares Morningstar Growth E | Sold out | 0.00% | −0.85 |
| VOO Vanguard S&P 500 ETF | Reduce -14.4% | 5.30% | −0.55 |
| XEL Xcel Energy Inc. | Reduce -89.8% | 0.05% | −0.40 |
| IQLT iShares MSCI International Q | Reduce -28.2% | 0.53% | −0.27 |
| HWKN Hawkins Inc. | Reduce -50.2% | 0.15% | −0.16 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -1.1% | 5.98% | −0.10 |
| MSFT Microsoft Corp. | Reduce -19.9% | 0.44% | −0.10 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.08 |
| UNP Union Pacific Corp. | Reduce -96.8% | 0.00% | −0.08 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.07 |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | Reduce -67.8% | 0.03% | −0.06 |
| IJH iShares Core S&P Midcap ETF | Reduce -36.5% | 0.11% | −0.06 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.05 |
| NVDA Nvidia Corp. | Reduce -69.4% | 0.03% | −0.05 |
| OTTR Otter Tail Corp. | Sold out | 0.00% | −0.03 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.03 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -1.6% | 3.35% | −0.03 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.02 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.02 |
| HL Hecla Mining Co. | Sold out | 0.00% | −0.02 |
| HWM Howmet Aerospace Inc. | Reduce -59.6% | 0.01% | −0.02 |
| PSX Phillips 66 | Reduce -24.9% | 0.03% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -8.8% | 0.15% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -74.2% | 0.00% | −0.01 |
| RQI Cohen & Steers Qual Inc. RLTY | Sold out | 0.00% | −0.01 |
| GSIE Goldman Sachs Activebeta Int | Sold out | 0.00% | −0.01 |
| CEF Sprott Physical Gold and Sil | Sold out | 0.00% | −0.01 |
| BCS Barclays PLC-Spons ADR | Sold out | 0.00% | −0.01 |
| C Citigroup Inc. | Sold out | 0.00% | −0.01 |
| MS Morgan Stanley | Sold out | 0.00% | −0.01 |
| MDT Medtronic PLC | Reduce -2.0% | 0.07% | −0.01 |
| COP Conocophillips | Reduce -13.8% | 0.04% | −0.01 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.01 |
| CUT Invesco MSCI Global Timber E | Sold out | 0.00% | −0.01 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.01 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −0.01 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.00 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −0.00 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.00 |
| GE General Electric | Sold out | 0.00% | −0.00 |
| TTE Totalenergies SE -Spon ADR | Reduce -37.1% | 0.00% | −0.00 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.00 |
| COHR Coherent Corp. | Sold out | 0.00% | −0.00 |
| CE Celanese Corp. | Sold out | 0.00% | −0.00 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.00 |
| MUR Murphy Oil Corp. | Sold out | 0.00% | −0.00 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| IEI iShares 3-7 Year Treasury Bo | Add +824.4% | 19.09% | +17.02 |
| DGRO iShares Core Dividend Growth | Add +28.0% | 5.32% | +1.22 |
| IGEB iShares Investment Grade SYS | Add +42.4% | 2.09% | +0.61 |
| VIG Vanguard Dividend Apprec ETF | Add +8.6% | 5.06% | +0.51 |
| AAPL Apple Inc. | Add +164.6% | 0.75% | +0.50 |
| SPHQ Invesco S&P 500 Quality ETF | Add +1.3% | 9.29% | +0.41 |
| TXN Texas Instruments Inc. | New | 0.19% | +0.19 |
| SPTM SS SPDR P S&P 1500 Comp ETF | New | 0.17% | +0.17 |
| JPM JPMorgan Chase & Co. | Add +139.2% | 0.24% | +0.16 |
| MMM 3M Co. | New | 0.12% | +0.12 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.10% | +0.10 |
| IVW iShares S&P 500 Growth ETF | New | 0.09% | +0.09 |
| IBM Intl Business Machines Corp. | New | 0.07% | +0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.06% | +0.06 |
| DE Deere & Co. | New | 0.06% | +0.06 |
| CAT Caterpillar Inc. | New | 0.05% | +0.05 |
| PFF iShares Preferred & Income S | New | 0.05% | +0.05 |
| SPEM State Street SP PTF Em ETF | New | 0.04% | +0.04 |
| IUSG iShares Core S&P U.S. Growth | New | 0.04% | +0.04 |
| ICSH iShares Ultra Short Duration | New | 0.04% | +0.04 |
| IUSV iShares Core S&P U.S. Value | New | 0.04% | +0.04 |
| IWR iShares Russell Mid-Cap ETF | New | 0.03% | +0.03 |
| NEAR iShares SH Dba ETF Usd Inc. | New | 0.03% | +0.03 |
| HON Honeywell International Inc. | New | 0.03% | +0.03 |
| SCHD Schwab US DVD Equity ETF | New | 0.02% | +0.02 |
| IWS iShares Russell Mid-Cap Valu | New | 0.02% | +0.02 |
| IWN iShares Russell 2000 Value E | New | 0.02% | +0.02 |
| JNJ Johnson & Johnson | Add +15.6% | 0.31% | +0.02 |
| MRK Merck & Co. Inc. | Add +35.0% | 0.11% | +0.02 |
| ORCL Oracle Corp. | New | 0.02% | +0.02 |
| VTIP Vanguard Short-Term Tips | New | 0.02% | +0.02 |
| SOLV Solventum Corp. | New | 0.02% | +0.02 |
| CSCO Cisco Systems Inc. | New | 0.02% | +0.02 |
| BBY Best Buy Co. Inc. | New | 0.01% | +0.01 |
| HIG Hartford Insurance Group Inc. | New | 0.01% | +0.01 |
| PFE Pfizer Inc. | New | 0.01% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +32.3% | 0.04% | +0.01 |
| XOM Exxon Mobil Corp. | Add +13.6% | 0.14% | +0.01 |
| IWM iShares Russell 2000 ETF | New | 0.01% | +0.01 |
| IWO iShares Russell 2000 Growth | New | 0.01% | +0.01 |
| WPC WP Carey Inc. | New | 0.01% | +0.01 |
| VSS Vanguard Ftse All Wo X-US SC | New | 0.01% | +0.01 |
| SCZ iShares MSCI Eafe Small-Cap | New | 0.01% | +0.01 |
| VNQ Vanguard Real Estate ETF | New | 0.00% | +0.00 |
| KD Kyndryl Holdings Inc. | New | 0.00% | +0.00 |
| VNQI Vanguard GLBL Ex-US Real Est | New | 0.00% | +0.00 |
| NLOP Net Lease Office Property | 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 |