Stockman Wealth Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Stockman Wealth Management, Inc. reported 173 stock positions worth $735.9 million. Its top holding was iShares MBS ETF (MBB) at 5.4% of the portfolio, followed by iShares Core S&P Small-Cap E (IJR, 5.2%) and iShares 1-5Y Inv Grade (IGSB, 4.5%). Compared with Q1 2025, it opened 12 new positions, sold out of 5, added to 66 and reduced 51. The biggest buy was Nvidia (NVDA, shares +2503%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- BILLINGS, MT
- CIK
- 0001389400
- Portfolio Value
- $735.9M (Q2 2025)
- SEC Filing
- 0001389400-25-000006 ↗ filed Jul 17, 2025
Holdings Value
Holdings 173 stocks · $735.9M
| MBB iShares MBS ETF | 5.41% | 423,876 | $39.8M | Add +42.2% |
| IJR iShares Core S&P Small-Cap E | 5.16% | 347,595 | $38.0M | Add +1.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 4.48% | 625,238 | $33.0M | Reduce -3.6% |
| IDEV iShares Core MSCI Dev MKTS | 4.17% | 403,344 | $30.7M | Reduce -0.7% |
| MSFT Microsoft Corp. | 3.53% | 52,199 | $26.0M | Reduce -1.0% |
| IJH iShares Core S&P Midcap ETF | 3.43% | 407,461 | $25.3M | Add +17.2% |
| AAPL Apple Inc. | 2.94% | 105,504 | $21.6M | Add +4.0% |
| JPM JPMorgan Chase & Co. | 2.85% | 72,299 | $21.0M | Add +0.2% |
| AMZN Amazon.com Inc. | 2.73% | 91,608 | $20.1M | Add +2.8% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.67% | 310,675 | $19.6M | Add +1.6% |
| CSCO Cisco Systems Inc. | 2.37% | 251,540 | $17.5M | Add +0.5% |
| NVDA Nvidia Corp. | 2.30% | 106,940 | $16.9M | Add +2503.2% |
| ASML ASML Holding NV-NY Reg SHS | 2.20% | 20,200 | $16.2M | Add +3.6% |
| CAT Caterpillar Inc. | 2.14% | 40,649 | $15.8M | Add +3.1% |
| MRK Merck & Co. Inc. | 1.82% | 168,864 | $13.4M | Add +11.8% |
| GOOGL Alphabet Inc. Class A | 1.79% | 74,832 | $13.2M | Add +4.1% |
| AXP American Express Co. | 1.79% | 41,259 | $13.2M | Add +3148.7% |
| USB US Bancorp | 1.78% | 288,982 | $13.1M | Add +5.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.65% | 256,347 | $12.1M | Add +2.8% |
| HON Honeywell International Inc. | 1.62% | 51,047 | $11.9M | Add +2.0% |
| PG The Procter & Gamble Co. | 1.60% | 73,720 | $11.7M | Add +2.6% |
| QCOM Qualcomm Inc. | 1.59% | 73,455 | $11.7M | Add +50.2% |
| CRH CRH PLC | 1.58% | 126,703 | $11.6M | Add +2.5% |
| PEP Pepsico Inc. | 1.57% | 87,298 | $11.5M | Add +8.9% |
| XOM Exxon Mobil Corp. | 1.57% | 106,893 | $11.5M | Add +3.5% |
| UPS United Parcel Service Class B | 1.55% | 112,956 | $11.4M | Add +14.1% |
| SBUX Starbucks Corp. | 1.51% | 120,999 | $11.1M | Add +8.9% |
| CVX Chevron Corp. | 1.49% | 76,498 | $11.0M | Add +6.0% |
| MDT Medtronic PLC | 1.40% | 118,492 | $10.3M | Add +4.0% |
| GSK GSK PLC-Spon ADR | 1.36% | 261,321 | $10.0M | Add +1.6% |
| LMT Lockheed Martin Corp. | 1.33% | 21,198 | $9.8M | Add +2.9% |
| XLK SS Technology Select Sector | 1.30% | 37,750 | $9.6M | Add +3.2% |
| PFE Pfizer Inc. | 1.27% | 386,720 | $9.4M | Add +8.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.21% | 263,251 | $8.9M | Add +14.0% |
| SYY Sysco Corp. | 1.19% | 115,875 | $8.8M | Add +4.2% |
| HD Home Depot Inc. | 1.09% | 21,859 | $8.0M | Add +2.5% |
| VZ Verizon Communications Inc. | 1.03% | 175,487 | $7.6M | Add +1.6% |
| LEN Lennar Corp. Class A | 0.91% | 60,512 | $6.7M | Add +3.9% |
| XLF SS Financial Select Sector | 0.81% | 114,068 | $6.0M | Reduce -0.3% |
| XLI SS Industrial Select Sector | 0.70% | 34,694 | $5.1M | Add +2.9% |
| IVV iShares Core S&P 500 ETF | 0.69% | 8,226 | $5.1M | Add +3.0% |
| XLV SS Health Care Select Sector | 0.64% | 34,806 | $4.7M | Add +6.1% |
| IBTJ iShares Ibonds Dec 2029 Term | 0.59% | 199,449 | $4.4M | Add +6.0% |
| XLY SS Consumer Disc Select Sect | 0.59% | 20,109 | $4.4M | Add +1.4% |
| IBTH iShares Ibonds Dec 2027 Term | 0.57% | 185,876 | $4.2M | Add +6.0% |
| IBTK iShares Ibonds Dec 2030 Trea | 0.56% | 208,753 | $4.1M | Add +6.9% |
| IBTI iShares Ibonds Dec 2028 Term | 0.53% | 174,695 | $3.9M | Add +6.4% |
| IBTL iShares Ibonds Dec 2031 Term | 0.50% | 178,712 | $3.7M | Add +12.2% |
| XLP SS Consumer Staples Sel Sect | 0.49% | 44,180 | $3.6M | Add +0.2% |
| IBTG iShares Ibonds Dec 2026 Term | 0.46% | 149,045 | $3.4M | Add +5.5% |
| XLE SS Energy Select Sector | 0.45% | 38,787 | $3.3M | Add +5.3% |
| IBTF iShares Ibonds Dec 2025 Term | 0.41% | 127,888 | $3.0M | Reduce -1.1% |
| FIBK First Interstate Bancsys-A | 0.38% | 97,395 | $2.8M | Add +4.5% |
| VOO Vanguard S&P 500 ETF | 0.38% | 4,860 | $2.8M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 5,633 | $2.7M | Reduce -85.2% |
| COST Costco Wholesale Corp. | 0.32% | 2,360 | $2.3M | Reduce -4.2% |
| XLC SS Comm Select Sector SPDR | 0.32% | 21,512 | $2.3M | Add +1.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 7,894 | $2.3M | Reduce -87.1% |
| SCHX Schwab US Large-Cap ETF | 0.30% | 91,506 | $2.2M | Reduce -3.0% |
| AGG iShares Core U.S. Aggregate | 0.28% | 21,007 | $2.1M | Reduce -5.0% |
| SCHH Schwab US REIT ETF | 0.23% | 78,795 | $1.7M | Add +3.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.21% | 19,195 | $1.5M | Reduce -16.3% |
| GOOG Alphabet Inc. Class C | 0.20% | 8,385 | $1.5M | Reduce -0.9% |
| SCHZ Schwab US Aggregate Bond ETF | 0.19% | 60,495 | $1.4M | Add +4.3% |
| LLY Eli Lilly & Co. | 0.17% | 1,631 | $1.3M | Reduce -2.0% |
| EFA iShares MSCI Eafe ETF | 0.17% | 13,969 | $1.2M | Reduce -8.4% |
| ORCL Oracle Corp. | 0.17% | 5,599 | $1.2M | No change |
| IVW iShares S&P 500 Growth ETF | 0.16% | 10,629 | $1.2M | Reduce -0.2% |
| APH Amphenol Corp. Class A | 0.16% | 11,813 | $1.2M | No change |
| ET Energy Transfer LP | 0.16% | 63,466 | $1.2M | Add +1.4% |
| USAC USA Compression Partners LP | 0.15% | 45,001 | $1.1M | No change |
| V Visa Inc. Class A | 0.15% | 3,070 | $1.1M | No change |
| XLB SS Materials Select Sector | 0.15% | 12,333 | $1.1M | Add +3.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.14% | 3,475 | $1.1M | Reduce -43.9% |
| JNJ Johnson & Johnson | 0.14% | 6,641 | $1.0M | Reduce -5.3% |
| BKNG Booking Holdings Inc. | 0.13% | 169 | $978K | No change |
| IWF iShares Russell 1000 Growth | 0.13% | 2,171 | $922K | No change |
| EMR Emerson Electric Co. | 0.12% | 6,762 | $902K | Reduce -6.7% |
| OKE Oneok Inc. | 0.12% | 10,700 | $873K | No change |
| EPD Enterprise Products Partners | 0.12% | 28,022 | $869K | Add +3.3% |
| AM Antero Midstream Corp. | 0.12% | 45,000 | $853K | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.11% | 11,277 | $788K | No change |
| ABT Abbott Laboratories | 0.11% | 5,729 | $779K | Add +1.0% |
| DUK Duke Energy Corp. | 0.10% | 6,419 | $757K | Reduce -1.7% |
| USA Liberty All Star Equity Fund | 0.09% | 99,563 | $678K | No change |
| KO The Coca-Cola Co. | 0.09% | 9,417 | $666K | Reduce -0.9% |
| IWM iShares Russell 2000 ETF | 0.09% | 3,012 | $650K | Add +7.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.09% | 2,864 | $649K | Add +11.5% |
| WMB Williams Cos Inc. | 0.09% | 10,017 | $629K | No change |
| IBDT iShares Ibonds Dec 2028 ETF | 0.08% | 24,524 | $623K | Reduce -0.9% |
| SCHF Schwab Intl Equity ETF | 0.08% | 27,265 | $603K | Reduce -3.1% |
| LOW Lowe's Cos Inc. | 0.08% | 2,684 | $596K | Add +2.1% |
| PGR Progressive Corp. | 0.08% | 2,230 | $595K | No change |
| MCD McDonald's Corp. | 0.08% | 2,027 | $592K | Add +3.2% |
| BIV Vanguard Intermediate-Term B | 0.08% | 7,333 | $567K | Add +0.1% |
| BSV Vanguard Short-Term Bond ETF | 0.08% | 7,125 | $561K | Reduce -1.7% |
| IVE iShares S&P 500 Value ETF | 0.07% | 2,800 | $547K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.07% | 1,244 | $545K | Reduce -14.6% |
| SCHB Schwab US Broad Market ETF | 0.07% | 22,510 | $536K | Reduce -0.9% |
| SYK Stryker Corp. | 0.07% | 1,353 | $535K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -85.2% | 0.37% | −2.62 |
| IBM Intl Business Machines Corp. | Reduce -87.1% | 0.32% | −1.94 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -3.6% | 4.48% | −0.55 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -43.9% | 0.14% | −0.11 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -16.3% | 0.21% | −0.06 |
| MCK McKesson Corp. | Reduce -42.9% | 0.07% | −0.05 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -1.1% | 0.41% | −0.04 |
| AGG iShares Core U.S. Aggregate | Reduce -5.0% | 0.28% | −0.04 |
| JYD Jayud Global Logistics Ltd. Class A | Sold out | 0.00% | −0.03 |
| JNJ Johnson & Johnson | Reduce -5.3% | 0.14% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.03 |
| XLF SS Financial Select Sector | Reduce -0.3% | 0.81% | −0.03 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -2.0% | 0.17% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -4.2% | 0.32% | −0.03 |
| MRSH Marsh & McLennan Cos | Reduce -12.8% | 0.06% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -38.0% | 0.03% | −0.02 |
| ICLN iShares Global Clean Energy | Sold out | 0.00% | −0.02 |
| ABBV Abbvie Inc. | Reduce -5.7% | 0.06% | −0.02 |
| GBCI Glacier Bancorp Inc. | Reduce -20.8% | 0.04% | −0.02 |
| DUK Duke Energy Corp. | Reduce -1.7% | 0.10% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -8.4% | 0.17% | −0.01 |
| KO The Coca-Cola Co. | Reduce -0.9% | 0.09% | −0.01 |
| UNP Union Pacific Corp. | Reduce -8.5% | 0.04% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -2.0% | 0.05% | −0.01 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -0.9% | 0.08% | −0.01 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -3.4% | 0.06% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Reduce -1.7% | 0.08% | −0.01 |
| KRP Kimbell Royalty Partners LP | Reduce -3.2% | 0.06% | −0.01 |
| UMH Umh Properties Inc. | Reduce -7.0% | 0.02% | −0.01 |
| PSX Phillips 66 | Reduce -1.8% | 0.04% | −0.01 |
| ADP Automatic Data Processing | Reduce -8.6% | 0.04% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -9.3% | 0.05% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -7.9% | 0.03% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -14.6% | 0.07% | −0.01 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -2.2% | 0.06% | −0.01 |
| MO Altria Group Inc. | Reduce -2.3% | 0.03% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -3.0% | 0.30% | −0.00 |
| T AT&T Inc. | Reduce -5.0% | 0.03% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -8.0% | 0.04% | −0.00 |
| IWD iShares Russell 1000 Value E | Reduce -1.0% | 0.04% | −0.00 |
| F Ford Motor Co. | Reduce -5.7% | 0.04% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -2.8% | 0.05% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.3% | 0.05% | −0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.7% | 0.07% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -3.1% | 0.08% | −0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -0.9% | 0.07% | +0.00 |
| EMR Emerson Electric Co. | Reduce -6.7% | 0.12% | +0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -0.1% | 0.38% | +0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +2503.2% | 2.30% | +2.23 |
| AXP American Express Co. | Add +3148.7% | 1.79% | +1.74 |
| MBB iShares MBS ETF | Add +42.2% | 5.41% | +1.27 |
| QCOM Qualcomm Inc. | Add +50.2% | 1.59% | +0.48 |
| IJH iShares Core S&P Midcap ETF | Add +17.2% | 3.43% | +0.43 |
| ASML ASML Holding NV-NY Reg SHS | Add +3.6% | 2.20% | +0.29 |
| JPM JPMorgan Chase & Co. | Add +0.2% | 2.85% | +0.23 |
| CAT Caterpillar Inc. | Add +3.1% | 2.14% | +0.22 |
| AMZN Amazon.com Inc. | Add +2.8% | 2.73% | +0.22 |
| XLK SS Technology Select Sector | Add +3.2% | 1.30% | +0.18 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +1.6% | 2.67% | +0.17 |
| GOOGL Alphabet Inc. Class A | Add +4.1% | 1.79% | +0.15 |
| BAC Bank of America Corp. | Add +2.8% | 1.65% | +0.11 |
| CSCO Cisco Systems Inc. | Add +0.5% | 2.37% | +0.08 |
| IBTM iShares Ibnds Dec 2032 TT | New | 0.06% | +0.06 |
| USB US Bancorp | Add +5.0% | 1.78% | +0.06 |
| HON Honeywell International Inc. | Add +2.0% | 1.62% | +0.05 |
| XLI SS Industrial Select Sector | Add +2.9% | 0.70% | +0.04 |
| NRK Nuveen NY Amt-FR Muni Inc. | New | 0.04% | +0.04 |
| META Meta Platforms Inc. Class A | New | 0.03% | +0.03 |
| ECL Ecolab Inc. | New | 0.03% | +0.03 |
| AMAT Applied Materials Inc. | New | 0.03% | +0.03 |
| BA The Boeing Co. | New | 0.03% | +0.03 |
| MMM 3M Co. | New | 0.03% | +0.03 |
| GS Goldman Sachs Group Inc. | New | 0.03% | +0.03 |
| DE Deere & Co. | New | 0.03% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +3.0% | 0.69% | +0.03 |
| LH Labcorp Holdings Inc. | New | 0.03% | +0.03 |
| AIO Virtus Artific Intel & Tech | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +11.5% | 0.09% | +0.03 |
| WFC Wells Fargo & Co. | Add +43.1% | 0.06% | +0.02 |
| IBTL iShares Ibonds Dec 2031 Term | Add +12.2% | 0.50% | +0.02 |
| XLC SS Comm Select Sector SPDR | Add +1.5% | 0.32% | +0.01 |
| XLY SS Consumer Disc Select Sect | Add +1.4% | 0.59% | +0.01 |
| TSLA Tesla Inc. | Add +10.1% | 0.05% | +0.01 |
| RTX RTX Corp. | Add +13.5% | 0.05% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +7.0% | 0.09% | +0.01 |
| RIG Transocean Ltd. | New | 0.00% | +0.00 |
| WMT Walmart Inc. | Add +8.9% | 0.03% | +0.00 |
| BSTZ BlackRock Sci & Tech TRM TR | Add +3.5% | 0.03% | +0.00 |
| XLB SS Materials Select Sector | Add +3.2% | 0.15% | −0.01 |
| ABT Abbott Laboratories | Add +1.0% | 0.11% | −0.01 |
| IBTK iShares Ibonds Dec 2030 Trea | Add +6.9% | 0.56% | −0.01 |
| BIV Vanguard Intermediate-Term B | Add +0.1% | 0.08% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Add +4.3% | 0.19% | −0.01 |
| LOW Lowe's Cos Inc. | Add +2.1% | 0.08% | −0.01 |
| COP Conocophillips | Add +5.2% | 0.05% | −0.01 |
| IBTI iShares Ibonds Dec 2028 Term | Add +6.4% | 0.53% | −0.01 |
| MCD McDonald's Corp. | Add +3.2% | 0.08% | −0.01 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +6.0% | 0.59% | −0.01 |
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 |