Hoese & Co LLP

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 22, 2026), Hoese & Co LLP reported 135 stock positions worth $134.7 million. Its top holding was iShares 3-7 Year Treasury Bo (IEI) at 19.9% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 11.8%) and Invesco S&P 500 Quality ETF (SPHQ, 9.1%). Compared with Q4 2025, it sold out of 2, added to 6 and reduced 19. The biggest buy was Ishrs US E F R A ETF-Usd (DYNF, shares +84%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −26%).

Most Recent 13F
Q2 2026
Location
GLENCOE, MN
CIK
0001840268
Portfolio Value
$134.7M (Q1 2026)
SEC Filing
0001840268-26-000005 ↗ filed Apr 22, 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 $134.7M Q1 2026 Q2 2026: $153.9M Q2 2026

Holdings 135 stocks · $134.7M
IEI iShares 3-7 Year Treasury Bo 19.89% 225,998 $26.8M Add +2.0%
IVV iShares Core S&P 500 ETF 11.81% 24,359 $15.9M Reduce -25.6%
SPHQ Invesco S&P 500 Quality ETF 9.06% 162,420 $12.2M Reduce -15.7%
DYNF Ishrs US E F R A ETF-Usd Inc. 6.58% 152,448 $8.9M Add +83.6%
DGRO iShares Core Dividend Growth 6.30% 120,865 $8.5M Add +5.9%
VIG Vanguard Dividend Apprec ETF 5.48% 34,344 $7.4M Reduce -4.1%
IETC iShares U.S. Tech Independen 4.83% 73,625 $6.5M Add +135.8%
QUAL iShares MSCI USA Quality Fac 3.91% 27,499 $5.3M Reduce -14.2%
IGEB iShares Investment Grade SYS 3.64% 108,824 $4.9M Reduce -2.0%
VTIP Vanguard Short-Term Tips 3.58% 96,578 $4.8M Add +5.2%
VOO Vanguard S&P 500 ETF 3.24% 7,308 $4.4M Reduce -11.5%
VTI VG Morningstar TS MKT ETF-US 2.79% 11,729 $3.8M Reduce -0.3%
SPY SS SPDR S&P 500 ETF Trust-US 1.67% 3,466 $2.3M Reduce -12.5%
IWF iShares Russell 1000 Growth 1.65% 5,201 $2.2M No change
BRK.A Berkshire Hathaway Inc. Class A 1.60% 3 $2.2M No change
IUSB Ishr CR Unvrse Usd BD ETF-Ui 1.48% 43,259 $2.0M Reduce -29.6%
USMV iShares MSCI USA Min Vol Fac 1.22% 17,681 $1.6M Reduce -5.4%
IWD iShares Russell 1000 Value E 0.79% 4,963 $1.1M No change
SCHG Schwab US Large-Cap Growth 0.78% 36,276 $1.1M No change
AAPL Apple Inc. 0.49% 2,602 $660K No change
DVY iShares Select Dividend ETF 0.42% 3,695 $559K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.40% 1,890 $543K No change
MSFT Microsoft Corp. 0.37% 1,331 $493K Add +8.1%
USB US Bancorp 0.32% 8,180 $425K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.30% 2,500 $399K No change
MRK Merck & Co. Inc. 0.29% 3,202 $385K No change
JNJ Johnson & Johnson 0.26% 1,445 $353K No change
IQLT iShares MSCI International Q 0.25% 7,230 $334K Reduce -13.2%
XEL Xcel Energy Inc. 0.21% 3,500 $278K No change
JPM JPMorgan Chase & Co. 0.20% 910 $268K Reduce -30.5%
GGG Graco Inc. 0.17% 2,700 $229K No change
C Citigroup Inc. 0.17% 2,000 $227K No change
ABT Abbott Laboratories 0.16% 2,150 $221K No change
XOM Exxon Mobil Corp. 0.16% 1,277 $217K No change
SPTM SS SPDR P S&P 1500 Comp ETF 0.16% 2,721 $215K No change
NVDA Nvidia Corp. 0.16% 1,220 $213K No change
UNH Unitedhealth Group Inc. 0.15% 745 $202K Reduce -12.3%
RPG Invesco S&P 500 Pure Growth 0.15% 4,310 $201K No change
ABBV Abbvie Inc. 0.15% 900 $196K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.14% 3,985 $194K No change
QQQ Invesco QQQ Trust Series 1 0.14% 324 $187K No change
MDY State Street SPDR S&P Midcap 0.13% 290 $179K No change
FDVV Fidelity High Dividend ETF 0.12% 3,000 $166K No change
MDT Medtronic PLC 0.12% 1,884 $163K Reduce -21.0%
MMM 3M Co. 0.12% 1,100 $160K No change
ECL Ecolab Inc. 0.12% 600 $160K No change
EMR Emerson Electric Co. 0.12% 1,215 $159K No change
PEP Pepsico Inc. 0.12% 1,000 $155K No change
IUSV iShares Core S&P U.S. Value 0.11% 1,500 $153K No change
PG The Procter & Gamble Co. 0.11% 1,050 $152K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.11% 3,211 $147K No change
PFE Pfizer Inc. 0.10% 5,000 $140K No change
MOAT Vaneck Morningstar Wide Moat 0.10% 1,448 $140K No change
SYY Sysco Corp. 0.10% 1,824 $130K No change
BSX Boston Scientific Corp. 0.09% 2,000 $126K No change
O Realty Income Corp. 0.09% 2,000 $122K No change
PRF Invesco Rafi US 1000 ETF 0.09% 2,570 $122K No change
LNT Alliant Energy Corp. 0.09% 1,675 $120K No change
IVW iShares S&P 500 Growth ETF 0.09% 1,032 $117K No change
IJH iShares Core S&P Midcap ETF 0.08% 1,675 $113K No change
HON Honeywell International Inc. 0.08% 500 $113K No change
TSM Taiwan Semiconductor-SP ADR 0.08% 333 $113K No change
HD Home Depot Inc. 0.08% 327 $108K No change
FIBK First Interstate Bancsys-A 0.07% 3,000 $100K No change
MO Altria Group Inc. 0.07% 1,500 $99K No change
LFUS Littelfuse Inc. 0.07% 282 $96K No change
PNR Pentair PLC 0.06% 1,000 $87K No change
CMCSA Comcast Corp. Class A 0.06% 3,000 $86K No change
NVT Nvent Electric PLC 0.06% 724 $86K No change
ROK Rockwell Automation Inc. 0.06% 225 $81K No change
TGT Target Corp. 0.06% 650 $79K Reduce -18.8%
HWKN Hawkins Inc. 0.06% 510 $78K No change
TTC Toro Co. 0.06% 808 $75K Reduce -41.1%
GOOG Alphabet Inc. Class C 0.06% 260 $75K No change
EMLP First Trust North American E 0.05% 1,685 $74K No change
IWM iShares Russell 2000 ETF 0.05% 275 $68K No change
V Visa Inc. Class A 0.05% 225 $68K No change
HRL Hormel Foods Corp. 0.05% 3,000 $68K No change
AEP American Electric Power 0.05% 500 $66K No change
ENTG Entegris Inc. 0.05% 550 $64K No change
DBEF Xtrackers MSCI Eafe Hedged E 0.05% 1,240 $61K No change
TXN Texas Instruments Inc. 0.04% 310 $60K No change
LLY Eli Lilly & Co. 0.04% 65 $60K No change
WFC Wells Fargo & Co. 0.04% 724 $58K No change
MDLZ Mondelez International Inc. Class A 0.04% 1,000 $58K No change
AMGN Amgen Inc. 0.04% 160 $56K No change
DCI Donaldson Co. Inc. 0.04% 660 $56K No change
SHV iShares 0-1 Year Treasury Bo 0.04% 480 $53K No change
KDP Keurig Dr Pepper Inc. 0.04% 2,000 $53K No change
AVGO Broadcom Inc. 0.04% 170 $53K Reduce -13.3%
TECH Bio-Techne Corp. 0.04% 1,000 $52K No change
ASB Associated Banc-Corp. 0.04% 2,000 $52K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.04% 250 $52K No change
IUSG iShares Core S&P U.S. Growth 0.04% 333 $52K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.04% 1,120 $51K No change
WMT Walmart Inc. 0.04% 405 $50K No change
LIN Linde PLC 0.04% 100 $50K No change
VB Vanguard Most SM-Cap ETF-Usd 0.04% 188 $49K No change
EFA iShares MSCI Eafe ETF 0.03% 450 $44K No change
BND Vanguard Total Bond Market 0.03% 540 $40K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.03% 860 $39K No change
DON Wisdomtree US Midcap Dividen 0.03% 709 $37K No change
FUL H.B. Fuller Co. filed as FULLER H B CO 0.03% 584 $36K No change
VZ Verizon Communications Inc. 0.03% 710 $36K Reduce -44.3%
ADP Automatic Data Processing 0.03% 175 $36K No change
SCHW Schwab (charles) Corp. 0.02% 352 $33K No change
T AT&T Inc. 0.02% 1,090 $32K No change
RTX RTX Corp. 0.02% 142 $27K No change
CL Colgate-Palmolive Co. 0.02% 285 $24K No change
AXP American Express Co. 0.02% 80 $24K No change
SDVY First Trust Smid Cap Rising 0.02% 597 $24K Reduce -52.0%
WEC WEC Energy Group Inc. 0.02% 180 $21K No change
FISV Fiserv Inc. 0.02% 368 $21K No change
MSI Motorola Solutions Inc. 0.01% 44 $19K No change
BRK.B Berkshire Hathaway Inc. Class B 0.01% 39 $19K No change
CTAS Cintas Corp. 0.01% 107 $18K No change
STAG Stag Industrial Inc. 0.01% 500 $18K No change
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
PRLB Proto Labs Inc. 0.01% 200 $11K No change
LRCX Lam Research Corp. 0.01% 50 $11K No change
SOLS Solstice Adv Materials Inc. 0.01% 125 $10K No change
ETN Eaton Corp. PLC 0.01% 26 $9K No change
SHW The Sherwin-Williams Co. 0.01% 26 $8K No change
BLK BlackRock Inc. 0.00% 5 $5K No change
VSNT Versant Media Group Inc. 0.00% 120 $4K No change
BKNG Booking Holdings Inc. 0.00% 1 $4K No change
MCD McDonald's Corp. 0.00% 13 $4K No change
CVX Chevron Corp. 0.00% 18 $4K No change
EFV iShares MSCI Eafe Value ETF 0.00% 48 $4K No change
QCOM Qualcomm Inc. 0.00% 24 $3K No change
ZBH Zimmer Biomet Holdings Inc. 0.00% 30 $3K No change
INTC Intel Corp. 0.00% 36 $2K No change
PII Polaris Inc. 0.00% 24 $1K No change

Portfolio Sells Q4 2025 → Q1 2026
IVV iShares Core S&P 500 ETF Reduce -25.6% 11.81% −4.17
SPHQ Invesco S&P 500 Quality ETF Reduce -15.7% 9.06% −1.25
QUAL iShares MSCI USA Quality Fac Reduce -14.2% 3.91% −0.62
IUSB Ishr CR Unvrse Usd BD ETF-Ui Reduce -29.6% 1.48% −0.56
VOO Vanguard S&P 500 ETF Reduce -11.5% 3.24% −0.45
SPY SS SPDR S&P 500 ETF Trust-US Reduce -12.5% 1.67% −0.25
VIG Vanguard Dividend Apprec ETF Reduce -4.1% 5.48% −0.13
JPM JPMorgan Chase & Co. Reduce -30.5% 0.20% −0.10
UNH Unitedhealth Group Inc. Reduce -12.3% 0.15% −0.05
MDT Medtronic PLC Reduce -21.0% 0.12% −0.04
USMV iShares MSCI USA Min Vol Fac Reduce -5.4% 1.22% −0.04
ACN Accenture PLC Class A Sold out 0.00% −0.03
IQLT iShares MSCI International Q Reduce -13.2% 0.25% −0.02
TTC Toro Co. Reduce -41.1% 0.06% −0.02
VTI VG Morningstar TS MKT ETF-US Reduce -0.3% 2.79% −0.02
SDVY First Trust Smid Cap Rising Reduce -52.0% 0.02% −0.02
VZ Verizon Communications Inc. Reduce -44.3% 0.03% −0.01
AVGO Broadcom Inc. Reduce -13.3% 0.04% −0.01
XBXMX Nuveen S&P 500 Buy-WR Inc. Sold out 0.00% −0.01
TGT Target Corp. Reduce -18.8% 0.06% +0.00
IGEB iShares Investment Grade SYS Reduce -2.0% 3.64% +0.03

Portfolio Buys Q4 2025 → Q1 2026
DYNF Ishrs US E F R A ETF-Usd Inc. Add +83.6% 6.58% +2.98
IETC iShares U.S. Tech Independen Add +135.8% 4.83% +2.57
IEI iShares 3-7 Year Treasury Bo Add +2.0% 19.89% +1.05
DGRO iShares Core Dividend Growth Add +5.9% 6.30% +0.65
VTIP Vanguard Short-Term Tips Add +5.2% 3.58% +0.35
MSFT Microsoft Corp. Add +8.1% 0.37% −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