Stockman Wealth Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Stockman Wealth Management, Inc. reported 175 stock positions worth $805.8 million. Its top holding was iShares MBS ETF (MBB) at 5.8% of the portfolio, followed by iShares Core S&P Small-Cap E (IJR, 5.2%) and iShares 1-5Y Inv Grade (IGSB, 4.2%). Compared with Q2 2025, it opened 10 new positions, sold out of 8, added to 75 and reduced 47. The biggest buy was Apple (AAPL, shares +2%) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BILLINGS, MT
- CIK
- 0001389400
- Portfolio Value
- $805.8M (Q3 2025)
- SEC Filing
- 0001389400-25-000010 ↗ filed Oct 16, 2025
Holdings Value
Holdings 175 stocks · $805.8M
| MBB iShares MBS ETF | 5.83% | 493,525 | $47.0M | Add +16.4% |
| IJR iShares Core S&P Small-Cap E | 5.17% | 350,608 | $41.7M | Add +0.9% |
| IGSB iShares 1-5Y Inv Grade Corp. | 4.19% | 636,954 | $33.8M | Add +1.9% |
| IDEV iShares Core MSCI Dev MKTS | 4.12% | 414,108 | $33.2M | Add +2.7% |
| IJH iShares Core S&P Midcap ETF | 3.55% | 438,357 | $28.6M | Add +7.6% |
| AAPL Apple Inc. | 3.39% | 107,156 | $27.3M | Add +1.6% |
| MSFT Microsoft Corp. | 3.31% | 51,574 | $26.7M | Reduce -1.2% |
| JPM JPMorgan Chase & Co. | 2.79% | 71,268 | $22.5M | Reduce -1.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.63% | 313,924 | $21.2M | Add +1.1% |
| AMZN Amazon.com Inc. | 2.52% | 92,379 | $20.3M | Add +0.8% |
| ASML ASML Holding NV-NY Reg SHS | 2.46% | 20,498 | $19.8M | Add +1.5% |
| CAT Caterpillar Inc. | 2.32% | 39,113 | $18.7M | Reduce -3.8% |
| NVDA Nvidia Corp. | 2.30% | 99,185 | $18.5M | Reduce -7.3% |
| GOOGL Alphabet Inc. Class A | 2.16% | 71,640 | $17.4M | Reduce -4.3% |
| CSCO Cisco Systems Inc. | 2.16% | 254,013 | $17.4M | Add +1.0% |
| CRH CRH PLC | 1.89% | 126,710 | $15.2M | Add +0.0% |
| MRK Merck & Co. Inc. | 1.85% | 177,975 | $14.9M | Add +5.4% |
| AXP American Express Co. | 1.78% | 43,123 | $14.3M | Add +4.5% |
| USB US Bancorp | 1.77% | 294,539 | $14.2M | Add +1.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.64% | 256,446 | $13.2M | Add +0.0% |
| PEP Pepsico Inc. | 1.57% | 90,347 | $12.7M | Add +3.5% |
| QCOM Qualcomm Inc. | 1.56% | 75,577 | $12.6M | Add +2.9% |
| XOM Exxon Mobil Corp. | 1.55% | 110,863 | $12.5M | Add +3.7% |
| CVX Chevron Corp. | 1.52% | 78,668 | $12.2M | Add +2.8% |
| PG The Procter & Gamble Co. | 1.48% | 77,506 | $11.9M | Add +5.1% |
| GSK GSK PLC-Spon ADR | 1.44% | 269,493 | $11.6M | Add +3.1% |
| MDT Medtronic PLC | 1.44% | 121,461 | $11.6M | Add +2.5% |
| HON Honeywell International Inc. | 1.38% | 52,783 | $11.1M | Add +3.4% |
| LMT Lockheed Martin Corp. | 1.36% | 21,951 | $11.0M | Add +3.5% |
| SBUX Starbucks Corp. | 1.34% | 127,280 | $10.8M | Add +5.2% |
| UPS United Parcel Service Class B | 1.30% | 125,097 | $10.4M | Add +10.8% |
| XLK SS Technology Select Sector | 1.29% | 36,741 | $10.4M | Reduce -2.7% |
| PFE Pfizer Inc. | 1.28% | 404,347 | $10.3M | Add +4.6% |
| SYY Sysco Corp. | 1.20% | 117,786 | $9.7M | Add +1.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.20% | 281,153 | $9.7M | Add +6.8% |
| HD Home Depot Inc. | 1.12% | 22,185 | $9.0M | Add +1.5% |
| VZ Verizon Communications Inc. | 0.99% | 180,847 | $7.9M | Add +3.0% |
| LEN Lennar Corp. Class A | 0.98% | 62,976 | $7.9M | Add +4.1% |
| XLF SS Financial Select Sector | 0.76% | 114,351 | $6.2M | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 0.76% | 9,095 | $6.1M | Add +10.6% |
| XLI SS Industrial Select Sector | 0.67% | 35,231 | $5.4M | Add +1.6% |
| XLV SS Health Care Select Sector | 0.64% | 37,134 | $5.2M | Add +6.7% |
| XLY SS Consumer Disc Select Sect | 0.60% | 20,100 | $4.8M | Reduce -0.0% |
| IBTJ iShares Ibonds Dec 2029 Term | 0.56% | 206,973 | $4.5M | Add +3.8% |
| IBTH iShares Ibonds Dec 2027 Term | 0.54% | 193,074 | $4.3M | Add +3.9% |
| IBTK iShares Ibonds Dec 2030 Trea | 0.54% | 218,144 | $4.3M | Add +4.5% |
| IBTI iShares Ibonds Dec 2028 Term | 0.51% | 183,335 | $4.1M | Add +5.0% |
| IBTL iShares Ibonds Dec 2031 Term | 0.49% | 193,708 | $4.0M | Add +8.4% |
| XLE SS Energy Select Sector | 0.45% | 40,511 | $3.6M | Add +4.4% |
| IBTG iShares Ibonds Dec 2026 Term | 0.45% | 156,529 | $3.6M | Add +5.0% |
| XLP SS Consumer Staples Sel Sect | 0.45% | 45,776 | $3.6M | Add +3.6% |
| FIBK First Interstate Bancsys-A | 0.38% | 95,869 | $3.1M | Reduce -1.6% |
| VOO Vanguard S&P 500 ETF | 0.35% | 4,672 | $2.9M | Reduce -3.9% |
| IBTF iShares Ibonds Dec 2025 Term | 0.35% | 119,006 | $2.8M | Reduce -7.0% |
| AGG iShares Core U.S. Aggregate | 0.33% | 26,513 | $2.7M | Add +26.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 5,138 | $2.6M | Reduce -8.8% |
| XLC SS Comm Select Sector SPDR | 0.32% | 21,607 | $2.6M | Add +0.4% |
| SCHX Schwab US Large-Cap ETF | 0.28% | 86,326 | $2.3M | Reduce -5.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 7,652 | $2.2M | Reduce -3.1% |
| COST Costco Wholesale Corp. | 0.27% | 2,315 | $2.1M | Reduce -1.9% |
| GOOG Alphabet Inc. Class C | 0.23% | 7,660 | $1.9M | Reduce -8.7% |
| SCHH Schwab US REIT ETF | 0.23% | 85,696 | $1.8M | Add +8.8% |
| IBTM iShares Ibnds Dec 2032 TT | 0.19% | 65,388 | $1.5M | Add +249.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.19% | 18,775 | $1.5M | Reduce -2.2% |
| ORCL Oracle Corp. | 0.18% | 5,218 | $1.5M | Reduce -6.8% |
| APH Amphenol Corp. Class A | 0.18% | 11,813 | $1.5M | No change |
| SCHZ Schwab US Aggregate Bond ETF | 0.18% | 61,025 | $1.4M | Add +0.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.18% | 20,024 | $1.4M | New |
| IVW iShares S&P 500 Growth ETF | 0.16% | 10,697 | $1.3M | Add +0.6% |
| LLY Eli Lilly & Co. | 0.15% | 1,631 | $1.2M | No change |
| JNJ Johnson & Johnson | 0.15% | 6,415 | $1.2M | Reduce -3.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.14% | 3,528 | $1.2M | Add +1.5% |
| XLB SS Materials Select Sector | 0.14% | 12,841 | $1.2M | Add +4.1% |
| ET Energy Transfer LP | 0.14% | 64,366 | $1.1M | Add +1.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.14% | 4,302 | $1.1M | Add +190.5% |
| USAC USA Compression Partners LP | 0.13% | 45,001 | $1.1M | No change |
| V Visa Inc. Class A | 0.13% | 3,068 | $1.0M | Reduce -0.1% |
| IWF iShares Russell 1000 Growth | 0.13% | 2,171 | $1.0M | No change |
| EPD Enterprise Products Partners | 0.11% | 29,609 | $926K | Add +5.7% |
| BKNG Booking Holdings Inc. | 0.11% | 169 | $912K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.11% | 3,164 | $884K | Add +10.5% |
| AM Antero Midstream Corp. | 0.11% | 45,000 | $875K | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.11% | 11,277 | $865K | No change |
| EMR Emerson Electric Co. | 0.10% | 6,282 | $824K | Reduce -7.1% |
| DUK Duke Energy Corp. | 0.10% | 6,454 | $799K | Add +0.6% |
| OKE Oneok Inc. | 0.10% | 10,700 | $781K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 1,510 | $724K | Add +21.4% |
| ABT Abbott Laboratories | 0.09% | 5,382 | $721K | Reduce -6.1% |
| LOW Lowe's Cos Inc. | 0.08% | 2,535 | $637K | Reduce -5.5% |
| WMB Williams Cos Inc. | 0.08% | 10,000 | $634K | Reduce -0.2% |
| USA Liberty All Star Equity Fund | 0.08% | 99,563 | $631K | No change |
| SCHF Schwab Intl Equity ETF | 0.08% | 26,795 | $624K | Reduce -1.7% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.08% | 24,104 | $615K | Reduce -1.7% |
| BIV Vanguard Intermediate-Term B | 0.07% | 7,567 | $591K | Add +3.2% |
| BSV Vanguard Short-Term Bond ETF | 0.07% | 7,409 | $585K | Add +4.0% |
| MCD McDonald's Corp. | 0.07% | 1,922 | $584K | Reduce -5.2% |
| KO The Coca-Cola Co. | 0.07% | 8,754 | $581K | Reduce -7.0% |
| IVE iShares S&P 500 Value ETF | 0.07% | 2,800 | $578K | No change |
| MCK McKesson Corp. | 0.07% | 719 | $555K | No change |
| SCHA Schwab US Small-Cap ETF | 0.07% | 19,837 | $553K | Reduce -5.8% |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -1.2% | 3.31% | −0.21 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.17 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.09 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -7.0% | 0.35% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -1.4% | 2.79% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -1.9% | 0.27% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -8.8% | 0.32% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -3.1% | 0.27% | −0.05 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.03 |
| MMM 3M Co. | Sold out | 0.00% | −0.03 |
| DE Deere & Co. | Sold out | 0.00% | −0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.03 |
| AIO Virtus Artific Intel & Tech | Sold out | 0.00% | −0.03 |
| SCHX Schwab US Large-Cap ETF | Reduce -5.7% | 0.28% | −0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -28.1% | 0.05% | −0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -2.2% | 0.19% | −0.02 |
| EMR Emerson Electric Co. | Reduce -7.1% | 0.10% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -3.9% | 0.35% | −0.02 |
| KO The Coca-Cola Co. | Reduce -7.0% | 0.07% | −0.02 |
| V Visa Inc. Class A | Reduce -0.1% | 0.13% | −0.02 |
| ABT Abbott Laboratories | Reduce -6.1% | 0.09% | −0.02 |
| XLK SS Technology Select Sector | Reduce -2.7% | 1.29% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -12.6% | 0.05% | −0.01 |
| PAYX Paychex Inc. | Reduce -1.7% | 0.03% | −0.01 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -1.7% | 0.08% | −0.01 |
| MCD McDonald's Corp. | Reduce -5.2% | 0.07% | −0.01 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -3.8% | 0.05% | −0.01 |
| WMB Williams Cos Inc. | Reduce -0.2% | 0.08% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -4.1% | 0.05% | −0.01 |
| DHR Danaher Corp. | Reduce -1.3% | 0.05% | −0.01 |
| UNP Union Pacific Corp. | Reduce -5.7% | 0.04% | −0.01 |
| COP Conocophillips | Reduce -7.0% | 0.04% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -18.2% | 0.03% | −0.00 |
| RTX RTX Corp. | Reduce -14.3% | 0.04% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -1.7% | 0.08% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -5.9% | 0.04% | −0.00 |
| RIG Transocean Ltd. | Sold out | 0.00% | −0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -5.8% | 0.07% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -7.4% | 0.04% | −0.00 |
| FIBK First Interstate Bancsys-A | Reduce -1.6% | 0.38% | −0.00 |
| XEXGX Eaton Vance Tax-Managed Glob | Reduce -0.4% | 0.04% | −0.00 |
| WMT Walmart Inc. | Reduce -2.2% | 0.03% | −0.00 |
| CGEN Compugen Ltd. | Reduce -37.5% | 0.00% | −0.00 |
| LOW Lowe's Cos Inc. | Reduce -5.5% | 0.08% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.2% | 0.03% | −0.00 |
| NVDA Nvidia Corp. | Reduce -7.3% | 2.30% | +0.00 |
| GBCI Glacier Bancorp Inc. | Reduce -1.4% | 0.04% | +0.00 |
| IDCC Interdigital Inc. | Reduce -20.0% | 0.03% | +0.00 |
| XLY SS Consumer Disc Select Sect | Reduce -0.0% | 0.60% | +0.00 |
| AVGO Broadcom Inc. | Reduce -1.7% | 0.06% | +0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +1.6% | 3.39% | +0.44 |
| MBB iShares MBS ETF | Add +16.4% | 5.83% | +0.42 |
| CRH CRH PLC | Add +0.0% | 1.89% | +0.30 |
| ASML ASML Holding NV-NY Reg SHS | Add +1.5% | 2.46% | +0.26 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.18% | +0.18 |
| IBTM iShares Ibnds Dec 2032 TT | Add +249.3% | 0.19% | +0.13 |
| IJH iShares Core S&P Midcap ETF | Add +7.6% | 3.55% | +0.12 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +190.5% | 0.14% | +0.09 |
| GSK GSK PLC-Spon ADR | Add +3.1% | 1.44% | +0.08 |
| LEN Lennar Corp. Class A | Add +4.1% | 0.98% | +0.08 |
| IVV iShares Core S&P 500 ETF | Add +10.6% | 0.76% | +0.06 |
| AGG iShares Core U.S. Aggregate | Add +26.2% | 0.33% | +0.05 |
| IBHF iShares Ibond 2026 HY & Inc. | New | 0.04% | +0.04 |
| MRK Merck & Co. Inc. | Add +5.4% | 1.85% | +0.04 |
| AVUS Avantis U.S. Equity ETF | New | 0.04% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.04% | +0.04 |
| MDT Medtronic PLC | Add +2.5% | 1.44% | +0.03 |
| VLO Valero Energy Corp. | New | 0.03% | +0.03 |
| CVX Chevron Corp. | Add +2.8% | 1.52% | +0.03 |
| AMD Advanced Micro Devices | New | 0.03% | +0.03 |
| HD Home Depot Inc. | Add +1.5% | 1.12% | +0.03 |
| LMT Lockheed Martin Corp. | Add +3.5% | 1.36% | +0.03 |
| DINO HF Sinclair Corp. | New | 0.03% | +0.03 |
| O Realty Income Corp. | New | 0.03% | +0.03 |
| AMGN Amgen Inc. | New | 0.03% | +0.03 |
| CMI Cummins Inc. | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +10.5% | 0.11% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +21.4% | 0.09% | +0.02 |
| TSLA Tesla Inc. | Add +0.5% | 0.06% | +0.01 |
| SYY Sysco Corp. | Add +1.6% | 1.20% | +0.01 |
| ABBV Abbvie Inc. | Add +2.7% | 0.07% | +0.01 |
| PEP Pepsico Inc. | Add +3.5% | 1.57% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +0.9% | 5.17% | +0.01 |
| PFE Pfizer Inc. | Add +4.6% | 1.28% | +0.00 |
| XLV SS Health Care Select Sector | Add +6.7% | 0.64% | +0.00 |
| SCHH Schwab US REIT ETF | Add +8.8% | 0.23% | +0.00 |
| XLE SS Energy Select Sector | Add +4.4% | 0.45% | +0.00 |
| SHW The Sherwin-Williams Co. | Add +12.1% | 0.04% | +0.00 |
| IVW iShares S&P 500 Growth ETF | Add +0.6% | 0.16% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +5.8% | 0.06% | +0.00 |
| F Ford Motor Co. | Add +0.8% | 0.04% | +0.00 |
| BSTZ BlackRock Sci & Tech TRM TR | Add +3.0% | 0.03% | +0.00 |
| NEE Nextera Energy Inc. | Add +1.1% | 0.03% | +0.00 |
| XLC SS Comm Select Sector SPDR | Add +0.4% | 0.32% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.5% | 0.14% | +0.00 |
| AWK American Water Works Co. Inc. | Add +3.4% | 0.03% | −0.00 |
| T AT&T Inc. | Add +5.4% | 0.03% | −0.00 |
| META Meta Platforms Inc. Class A | Add +2.4% | 0.03% | −0.00 |
| TRV The Travelers Cos Inc. | Add +0.2% | 0.06% | −0.00 |
| EPD Enterprise Products Partners | Add +5.7% | 0.11% | −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 |