Stockman Wealth Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), Stockman Wealth Management, Inc. reported 165 stock positions worth $638.7 million. Its top holding was iShares Core S&P Small-Cap E (IJR) at 8.2% of the portfolio, followed by iShares 1-5Y Inv Grade (IGSB, 7.5%) and Apple (AAPL, 4.0%). Compared with Q3 2024, it opened 5 new positions, sold out of 22, added to 75 and reduced 56. The biggest buy was a new position in United Parcel Service Class B (UPS) and the biggest sale Costco Wholesale (COST, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- BILLINGS, MT
- CIK
- 0001389400
- Portfolio Value
- $638.7M (Q4 2024)
- SEC Filing
- 0001389400-25-000001 ↗ filed Jan 28, 2025
Holdings Value
Holdings 165 stocks · $638.7M
| IJR iShares Core S&P Small-Cap E | 8.24% | 456,554 | $52.6M | Add +3.9% |
| IGSB iShares 1-5Y Inv Grade Corp. | 7.51% | 927,294 | $47.9M | Add +9.8% |
| AAPL Apple Inc. | 3.97% | 101,345 | $25.4M | Reduce -1.1% |
| IDEV iShares Core MSCI Dev MKTS | 3.75% | 371,042 | $23.9M | Add +5.9% |
| MSFT Microsoft Corp. | 3.34% | 50,577 | $21.3M | Add +1.2% |
| AMZN Amazon.com Inc. | 3.07% | 89,342 | $19.6M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 2.82% | 75,100 | $18.0M | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.71% | 38,123 | $17.3M | Add +1.6% |
| CSCO Cisco Systems Inc. | 2.35% | 253,877 | $15.0M | Add +0.2% |
| VWO Vanguard Ftse Emerging Marke | 2.34% | 338,831 | $14.9M | Add +4.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.28% | 66,125 | $14.5M | Reduce -9.1% |
| CAT Caterpillar Inc. | 2.12% | 37,376 | $13.6M | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 2.07% | 69,987 | $13.2M | Add +2.1% |
| MRK Merck & Co. Inc. | 1.99% | 128,012 | $12.7M | Add +10.4% |
| USB US Bancorp | 1.93% | 258,373 | $12.4M | Add +0.5% |
| ASML ASML Holding NV-NY Reg SHS | 1.85% | 17,055 | $11.8M | Add +11.0% |
| CRH CRH PLC | 1.80% | 123,973 | $11.5M | Reduce -0.9% |
| PG The Procter & Gamble Co. | 1.79% | 68,313 | $11.5M | Add +2.5% |
| UPS United Parcel Service Class B | 1.71% | 86,673 | $10.9M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.68% | 243,427 | $10.7M | Reduce -0.3% |
| HON Honeywell International Inc. | 1.66% | 46,982 | $10.6M | Add +3.2% |
| XOM Exxon Mobil Corp. | 1.64% | 97,310 | $10.5M | Add +2.9% |
| SBUX Starbucks Corp. | 1.62% | 113,059 | $10.3M | Add +1.0% |
| PEP Pepsico Inc. | 1.57% | 65,962 | $10.0M | Add +3.4% |
| CVX Chevron Corp. | 1.54% | 68,064 | $9.9M | Add +4.0% |
| LMT Lockheed Martin Corp. | 1.41% | 18,482 | $9.0M | Add +3.0% |
| MDT Medtronic PLC | 1.33% | 106,005 | $8.5M | Add +4.5% |
| HD Home Depot Inc. | 1.25% | 20,457 | $8.0M | Add +1.1% |
| SYY Sysco Corp. | 1.20% | 100,652 | $7.7M | Add +4.3% |
| PFE Pfizer Inc. | 1.20% | 289,375 | $7.7M | Reduce -3.3% |
| LOW Lowe's Cos Inc. | 1.19% | 30,746 | $7.6M | Add +0.9% |
| XLK SS Technology Select Sector | 1.17% | 32,271 | $7.5M | Add +1.8% |
| GSK GSK PLC-Spon ADR | 1.15% | 217,200 | $7.3M | Add +3.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.14% | 190,298 | $7.3M | Reduce -1.2% |
| VZ Verizon Communications Inc. | 0.97% | 154,859 | $6.2M | Add +1.9% |
| NWE Northwestern Energy Group Inc. | 0.88% | 105,678 | $5.6M | Add +1.9% |
| XLF SS Financial Select Sector | 0.87% | 115,313 | $5.6M | Add +0.2% |
| IVV iShares Core S&P 500 ETF | 0.77% | 8,353 | $4.9M | Add +0.4% |
| XLV SS Health Care Select Sector | 0.70% | 32,565 | $4.5M | Add +13.1% |
| XLY SS Consumer Disc Select Sect | 0.68% | 19,247 | $4.3M | Reduce -1.9% |
| XLI SS Industrial Select Sector | 0.60% | 29,304 | $3.9M | Add +20.9% |
| IBTJ iShares Ibonds Dec 2029 Term | 0.59% | 176,100 | $3.8M | Add +10.1% |
| XLP SS Consumer Staples Sel Sect | 0.57% | 46,464 | $3.7M | Reduce -9.7% |
| IBTH iShares Ibonds Dec 2027 Term | 0.56% | 162,533 | $3.6M | Add +8.3% |
| IBTK iShares Ibonds Dec 2030 Trea | 0.53% | 177,745 | $3.4M | Add +13.6% |
| IBTI iShares Ibonds Dec 2028 Term | 0.52% | 150,180 | $3.3M | Add +10.3% |
| SCHX Schwab US Large-Cap ETF | 0.49% | 135,901 | $3.2M | Add +51.7% |
| XLE SS Energy Select Sector | 0.48% | 35,463 | $3.0M | Add +12.3% |
| FIBK First Interstate Bancsys-A | 0.47% | 93,372 | $3.0M | Reduce -2.3% |
| IBTG iShares Ibonds Dec 2026 Term | 0.47% | 130,639 | $3.0M | Add +10.1% |
| IBTF iShares Ibonds Dec 2025 Term | 0.43% | 118,060 | $2.8M | Add +7.4% |
| COST Costco Wholesale Corp. | 0.40% | 2,770 | $2.5M | Reduce -83.9% |
| VOO Vanguard S&P 500 ETF | 0.40% | 4,697 | $2.5M | Reduce -5.8% |
| IBTL iShares Ibonds Dec 2031 Term | 0.35% | 113,716 | $2.3M | Add +57.1% |
| XLC SS Comm Select Sector SPDR | 0.33% | 21,628 | $2.1M | Reduce -0.3% |
| AGG iShares Core U.S. Aggregate | 0.32% | 21,147 | $2.0M | Add +2.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.28% | 6,205 | $1.8M | Add +4.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.28% | 22,966 | $1.8M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.24% | 7,965 | $1.5M | Reduce -0.0% |
| SCHZ Schwab US Aggregate Bond ETF | 0.20% | 55,858 | $1.3M | Add +6.8% |
| LLY Eli Lilly & Co. | 0.20% | 1,638 | $1.3M | Reduce -1.5% |
| ET Energy Transfer LP | 0.18% | 59,666 | $1.2M | Add +1.0% |
| IJH iShares Core S&P Midcap ETF | 0.17% | 17,407 | $1.1M | Add +8.1% |
| IVW iShares S&P 500 Growth ETF | 0.17% | 10,656 | $1.1M | Add +1.6% |
| OKE Oneok Inc. | 0.17% | 10,700 | $1.1M | No change |
| USAC USA Compression Partners LP | 0.17% | 45,001 | $1.1M | Reduce -8.2% |
| EFA iShares MSCI Eafe ETF | 0.17% | 13,947 | $1.1M | Reduce -0.4% |
| JNJ Johnson & Johnson | 0.16% | 7,153 | $1.0M | Reduce -4.2% |
| QCOM Qualcomm Inc. | 0.15% | 6,355 | $976K | Reduce -5.4% |
| ORCL Oracle Corp. | 0.15% | 5,840 | $973K | Reduce -4.4% |
| V Visa Inc. Class A | 0.15% | 3,011 | $952K | Add +0.5% |
| XLB SS Materials Select Sector | 0.15% | 11,151 | $938K | Add +6.4% |
| IWF iShares Russell 1000 Growth | 0.15% | 2,321 | $932K | No change |
| EMR Emerson Electric Co. | 0.14% | 7,316 | $907K | Reduce -3.5% |
| SCHH Schwab US REIT ETF | 0.14% | 42,010 | $885K | Add +24.7% |
| BKNG Booking Holdings Inc. | 0.13% | 166 | $825K | No change |
| EPD Enterprise Products Partners | 0.13% | 26,222 | $822K | Add +3.5% |
| APH Amphenol Corp. Class A | 0.13% | 11,813 | $820K | Add +0.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.12% | 10,216 | $773K | Add +3.2% |
| AZN Astrazeneca PLC-Spons ADR | 0.12% | 11,689 | $766K | No change |
| SCHB Schwab US Broad Market ETF | 0.12% | 32,850 | $746K | Add +6.1% |
| TSLA Tesla Inc. | 0.12% | 1,830 | $739K | Reduce -2.4% |
| LMBS First Trust Low Duration Opp | 0.12% | 15,155 | $738K | Reduce -10.4% |
| MCK McKesson Corp. | 0.11% | 1,259 | $718K | Reduce -57.0% |
| DUK Duke Energy Corp. | 0.11% | 6,433 | $693K | Add +8.1% |
| USA Liberty All Star Equity Fund | 0.11% | 99,563 | $692K | No change |
| AM Antero Midstream Corp. | 0.11% | 45,000 | $679K | No change |
| ABT Abbott Laboratories | 0.10% | 5,763 | $652K | Reduce -6.6% |
| IWM iShares Russell 2000 ETF | 0.10% | 2,886 | $638K | Add +7.7% |
| KO The Coca-Cola Co. | 0.09% | 9,185 | $572K | Reduce -1.0% |
| MCD McDonald's Corp. | 0.09% | 1,930 | $559K | Reduce -0.3% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.09% | 21,914 | $546K | Reduce -2.9% |
| IVE iShares S&P 500 Value ETF | 0.09% | 2,845 | $543K | Add +1.6% |
| WMB Williams Cos Inc. | 0.08% | 10,017 | $542K | Add +0.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.08% | 1,303 | $535K | Add +10.0% |
| PGR Progressive Corp. | 0.08% | 2,230 | $534K | No change |
| BIV Vanguard Intermediate-Term B | 0.08% | 7,092 | $530K | Add +6.3% |
| SCHF Schwab Intl Equity ETF | 0.08% | 27,875 | $516K | Add +5.5% |
| IBDR iShares Ibonds Dec 2026 Term | 0.08% | 21,331 | $513K | Add +0.2% |
| BSV Vanguard Short-Term Bond ETF | 0.08% | 6,625 | $512K | Add +2.4% |
Portfolio Sells Q3 2024 → Q4 2024
| COST Costco Wholesale Corp. | Reduce -83.9% | 0.40% | −1.97 |
| MBB iShares MBS ETF | Sold out | 0.00% | −0.41 |
| IBTE iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.29 |
| IBM Intl Business Machines Corp. | Reduce -9.1% | 2.28% | −0.22 |
| PFE Pfizer Inc. | Reduce -3.3% | 1.20% | −0.14 |
| SLB SLB Ltd. | Reduce -1.2% | 1.14% | −0.11 |
| MCK McKesson Corp. | Reduce -57.0% | 0.11% | −0.11 |
| HTLF Heartland Financial USA Inc. | Sold out | 0.00% | −0.11 |
| XLP SS Consumer Staples Sel Sect | Reduce -9.7% | 0.57% | −0.09 |
| NRK Nuveen NY Amt-FR Muni Inc. | Sold out | 0.00% | −0.07 |
| HQH Abrdn Healthcare Investors | Sold out | 0.00% | −0.06 |
| STWD Starwood Property Trust Inc. | Sold out | 0.00% | −0.06 |
| EFC Ellington Financial Inc. | Sold out | 0.00% | −0.05 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.04 |
| IBMM iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.04 |
| GE General Electric | Sold out | 0.00% | −0.04 |
| XYLD Global X S&P 500 Cove Call E | Sold out | 0.00% | −0.04 |
| LADR Ladder Capital Corp.-REIT | Sold out | 0.00% | −0.04 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.04 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.04 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.04 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.04 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.03 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.03 |
| BA The Boeing Co. | Sold out | 0.00% | −0.03 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.03 |
| MMM 3M Co. | Sold out | 0.00% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -1.5% | 0.20% | −0.03 |
| JNJ Johnson & Johnson | Reduce -4.2% | 0.16% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -5.4% | 0.15% | −0.02 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -25.3% | 0.07% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -32.5% | 0.05% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -0.4% | 0.17% | −0.02 |
| TRTX TPG Re Finance Trust Inc. | Sold out | 0.00% | −0.02 |
| EBMT Eagle Bancorp Montana Inc. | Reduce -16.7% | 0.07% | −0.02 |
| ABBV Abbvie Inc. | Reduce -10.5% | 0.07% | −0.02 |
| LMBS First Trust Low Duration Opp | Reduce -10.4% | 0.12% | −0.01 |
| KO The Coca-Cola Co. | Reduce -1.0% | 0.09% | −0.01 |
| ICLN iShares Global Clean Energy | Reduce -26.6% | 0.02% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -5.8% | 0.40% | −0.01 |
| PSX Phillips 66 | Reduce -9.3% | 0.05% | −0.01 |
| NVDA Nvidia Corp. | Reduce -21.9% | 0.08% | −0.01 |
| ZTS Zoetis Inc. | Reduce -5.6% | 0.04% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -13.3% | 0.08% | −0.01 |
| ORCL Oracle Corp. | Reduce -4.4% | 0.15% | −0.01 |
| F Ford Motor Co. | Reduce -13.1% | 0.04% | −0.01 |
| USAC USA Compression Partners LP | Reduce -8.2% | 0.17% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -5.9% | 0.03% | −0.01 |
| O Realty Income Corp. | Reduce -6.2% | 0.03% | −0.01 |
| TGT Target Corp. | Reduce -3.2% | 0.04% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| UPS United Parcel Service Class B | New | 1.71% | +1.71 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +9.8% | 7.51% | +0.60 |
| GOOGL Alphabet Inc. Class A | Add +2.1% | 2.07% | +0.31 |
| CSCO Cisco Systems Inc. | Add +0.2% | 2.35% | +0.26 |
| IJR iShares Core S&P Small-Cap E | Add +3.9% | 8.24% | +0.25 |
| HON Honeywell International Inc. | Add +3.2% | 1.66% | +0.20 |
| SCHX Schwab US Large-Cap ETF | Add +51.7% | 0.49% | +0.18 |
| IBTL iShares Ibonds Dec 2031 Term | Add +57.1% | 0.35% | +0.12 |
| USB US Bancorp | Add +0.5% | 1.93% | +0.11 |
| XLI SS Industrial Select Sector | Add +20.9% | 0.60% | +0.09 |
| XLK SS Technology Select Sector | Add +1.8% | 1.17% | +0.06 |
| XLF SS Financial Select Sector | Add +0.2% | 0.87% | +0.06 |
| IBTK iShares Ibonds Dec 2030 Trea | Add +13.6% | 0.53% | +0.05 |
| CVX Chevron Corp. | Add +4.0% | 1.54% | +0.05 |
| XLE SS Energy Select Sector | Add +12.3% | 0.48% | +0.04 |
| IBTG iShares Ibonds Dec 2026 Term | Add +10.1% | 0.47% | +0.04 |
| IBTI iShares Ibonds Dec 2028 Term | Add +10.3% | 0.52% | +0.04 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +10.1% | 0.59% | +0.04 |
| IBTH iShares Ibonds Dec 2027 Term | Add +8.3% | 0.56% | +0.04 |
| ET Energy Transfer LP | Add +1.0% | 0.18% | +0.04 |
| SYY Sysco Corp. | Add +4.3% | 1.20% | +0.03 |
| BNY Bank of New York Mellon Corp. | New | 0.03% | +0.03 |
| AIO Virtus Artific Intel & Tech | New | 0.03% | +0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.03% | +0.03 |
| WMT Walmart Inc. | New | 0.03% | +0.03 |
| IBTF iShares Ibonds Dec 2025 Term | Add +7.4% | 0.43% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +0.4% | 0.77% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.6% | 2.71% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +4.9% | 0.28% | +0.02 |
| V Visa Inc. Class A | Add +0.5% | 0.15% | +0.02 |
| SCHH Schwab US REIT ETF | Add +24.7% | 0.14% | +0.02 |
| AVGO Broadcom Inc. | Add +2.9% | 0.06% | +0.02 |
| EPD Enterprise Products Partners | Add +3.5% | 0.13% | +0.01 |
| WMB Williams Cos Inc. | Add +0.2% | 0.08% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +8.1% | 0.17% | +0.01 |
| IVW iShares S&P 500 Growth ETF | Add +1.6% | 0.17% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +10.0% | 0.08% | +0.01 |
| XLV SS Health Care Select Sector | Add +13.1% | 0.70% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +6.1% | 0.12% | +0.01 |
| SCHD Schwab US DVD Equity ETF | Add +16.3% | 0.08% | +0.01 |
| APH Amphenol Corp. Class A | Add +0.1% | 0.13% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.2% | 0.07% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +7.7% | 0.10% | +0.01 |
| AXP American Express Co. | Add +1.0% | 0.06% | +0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Add +6.8% | 0.20% | +0.01 |
| BSTZ BlackRock Sci & Tech TRM TR | Add +1.8% | 0.03% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +4.7% | 0.05% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +2.9% | 0.06% | +0.00 |
| DUK Duke Energy Corp. | Add +8.1% | 0.11% | +0.00 |
| BIV Vanguard Intermediate-Term B | Add +6.3% | 0.08% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 178 | $967.7M | IJR, IGSB, IDEV, IJH, MBB |
| Q1 2026 | 177 | $903.1M | IJR, IGSB, MBB, IDEV, IJH |
| Q4 2025Amended | 177 | $855.7M | MBB, IJR, IGSB, IDEV, IJH |
| Q3 2025 | 175 | $805.8M | MBB, IJR, IGSB, IDEV, IJH |
| Q2 2025 | 173 | $735.9M | MBB, IJR, IGSB, IDEV, MSFT |
| Q1 2025 | 166 | $675.4M | IJR, IGSB, IDEV, MBB, AAPL |
| Q4 2024 | 165 | $638.7M | IJR, IGSB, AAPL, IDEV, MSFT |
| Q3 2024 | 182 | $643.4M | IJR, IGSB, IDEV, AAPL, MSFT |
| Q2 2024 | 176 | $570.6M | IJR, IGSB, MSFT, AAPL, IDEV |
| Q1 2024 | 179 | $566.4M | IJR, IGSB, MSFT, IDEV, AAPL |