Stockman Wealth Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Stockman Wealth Management, Inc. reported 177 stock positions worth $855.7 million. Its top holding was iShares MBS ETF (MBB) at 6.1% of the portfolio, followed by iShares Core S&P Small-Cap E (IJR, 5.1%) and iShares 1-5Y Inv Grade (IGSB, 4.2%). Compared with Q3 2025, it opened 11 new positions, sold out of 9, added to 76 and reduced 42. The biggest buy was iShares MBS ETF (MBB, shares +11%) and the biggest sale an exit from iShares Ibonds Dec 2025 Term (IBTF).
- Most Recent 13F
- Q2 2026
- Location
- BILLINGS, MT
- CIK
- 0001389400
- Portfolio Value
- $855.7M (Q4 2025)
- SEC Filing
- 0001389400-26-000004 ↗ filed Jan 29, 2026
Holdings Value
Holdings 177 stocks · $855.7M
| MBB iShares MBS ETF | 6.12% | 549,731 | $52.3M | Add +11.4% |
| IJR iShares Core S&P Small-Cap E | 5.11% | 363,974 | $43.7M | Add +3.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 4.17% | 674,135 | $35.6M | Add +5.8% |
| IDEV iShares Core MSCI Dev MKTS | 4.15% | 430,734 | $35.5M | Add +4.0% |
| IJH iShares Core S&P Midcap ETF | 3.64% | 471,748 | $31.1M | Add +7.6% |
| AAPL Apple Inc. | 3.36% | 105,603 | $28.7M | Reduce -1.4% |
| MSFT Microsoft Corp. | 3.11% | 55,056 | $26.6M | Add +6.8% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.72% | 320,370 | $23.3M | Add +2.0% |
| JPM JPMorgan Chase & Co. | 2.68% | 71,206 | $22.9M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 2.56% | 95,003 | $21.9M | Add +2.8% |
| CAT Caterpillar Inc. | 2.45% | 36,606 | $21.0M | Reduce -6.4% |
| ASML ASML Holding NV-NY Reg SHS | 2.44% | 19,490 | $20.9M | Reduce -4.9% |
| GOOGL Alphabet Inc. Class A | 2.40% | 65,722 | $20.6M | Reduce -8.3% |
| CSCO Cisco Systems Inc. | 2.30% | 255,524 | $19.7M | Add +0.6% |
| MRK Merck & Co. Inc. | 2.19% | 177,665 | $18.7M | Reduce -0.2% |
| NVDA Nvidia Corp. | 2.12% | 97,325 | $18.2M | Reduce -1.9% |
| AXP American Express Co. | 1.89% | 43,707 | $16.2M | Add +1.4% |
| USB US Bancorp | 1.87% | 300,622 | $16.0M | Add +2.1% |
| CRH CRH PLC | 1.84% | 126,132 | $15.7M | Reduce -0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.69% | 262,613 | $14.4M | Add +2.4% |
| XOM Exxon Mobil Corp. | 1.60% | 113,778 | $13.7M | Add +2.6% |
| QCOM Qualcomm Inc. | 1.56% | 77,908 | $13.3M | Add +3.1% |
| GSK GSK PLC-Spon ADR | 1.55% | 270,094 | $13.2M | Add +0.2% |
| PEP Pepsico Inc. | 1.50% | 89,294 | $12.8M | Reduce -1.2% |
| UPS United Parcel Service Class B | 1.45% | 125,327 | $12.4M | Add +0.2% |
| CVX Chevron Corp. | 1.45% | 81,492 | $12.4M | Add +3.6% |
| MDT Medtronic PLC | 1.41% | 125,246 | $12.0M | Add +3.1% |
| PG The Procter & Gamble Co. | 1.37% | 81,562 | $11.7M | Add +5.2% |
| SBUX Starbucks Corp. | 1.33% | 135,380 | $11.4M | Add +6.4% |
| HON Honeywell International Inc. | 1.31% | 57,356 | $11.2M | Add +8.7% |
| LMT Lockheed Martin Corp. | 1.30% | 22,962 | $11.1M | Add +4.6% |
| SLB SLB Ltd. filed as SLB LIMITED | 1.27% | 283,294 | $10.9M | Add +0.8% |
| XLK SS Technology Select Sector | 1.24% | 73,598 | $10.6M | Add +0.2% |
| PFE Pfizer Inc. | 1.21% | 415,276 | $10.3M | Add +2.7% |
| SYY Sysco Corp. | 1.06% | 123,349 | $9.1M | Add +4.7% |
| HD Home Depot Inc. | 0.94% | 23,472 | $8.1M | Add +5.8% |
| VZ Verizon Communications Inc. | 0.91% | 192,071 | $7.8M | Add +6.2% |
| LEN Lennar Corp. Class A | 0.78% | 64,719 | $6.7M | Add +2.8% |
| XLF SS Financial Select Sector | 0.75% | 117,485 | $6.4M | Add +2.7% |
| XLV SS Health Care Select Sector | 0.73% | 40,405 | $6.3M | Add +8.8% |
| IVV iShares Core S&P 500 ETF | 0.72% | 9,004 | $6.2M | Reduce -1.0% |
| XLI SS Industrial Select Sector | 0.70% | 38,696 | $6.0M | Add +9.8% |
| XLY SS Consumer Disc Select Sect | 0.58% | 41,688 | $5.0M | Add +3.7% |
| IBTJ iShares Ibonds Dec 2029 Term | 0.57% | 223,717 | $4.9M | Add +8.1% |
| IBTH iShares Ibonds Dec 2027 Term | 0.55% | 210,068 | $4.7M | Add +8.8% |
| IBTK iShares Ibonds Dec 2030 Trea | 0.55% | 237,760 | $4.7M | Add +9.0% |
| IBTI iShares Ibonds Dec 2028 Term | 0.52% | 200,242 | $4.5M | Add +9.2% |
| IBTL iShares Ibonds Dec 2031 Term | 0.52% | 217,743 | $4.5M | Add +12.4% |
| XLP SS Consumer Staples Sel Sect | 0.52% | 57,116 | $4.4M | Add +24.8% |
| XLE SS Energy Select Sector | 0.50% | 96,206 | $4.3M | Add +18.7% |
| IBTG iShares Ibonds Dec 2026 Term | 0.47% | 174,836 | $4.0M | Add +11.7% |
| IBTM iShares Ibnds Dec 2032 TT | 0.40% | 148,404 | $3.4M | Add +127.0% |
| FIBK First Interstate Bancsys-A | 0.39% | 96,389 | $3.3M | Add +0.5% |
| AGG iShares Core U.S. Aggregate | 0.32% | 27,187 | $2.7M | Add +2.5% |
| XLC SS Comm Select Sector SPDR | 0.31% | 22,800 | $2.7M | Add +5.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 5,068 | $2.5M | Reduce -1.4% |
| SCHX Schwab US Large-Cap ETF | 0.27% | 86,826 | $2.3M | Add +0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 7,397 | $2.2M | Reduce -3.3% |
| GOOG Alphabet Inc. Class C | 0.26% | 6,960 | $2.2M | Reduce -9.1% |
| VOO Vanguard S&P 500 ETF | 0.24% | 3,323 | $2.1M | Reduce -28.9% |
| LLY Eli Lilly & Co. | 0.22% | 1,720 | $1.8M | Add +5.5% |
| SCHH Schwab US REIT ETF | 0.22% | 88,261 | $1.8M | Add +3.0% |
| COST Costco Wholesale Corp. | 0.21% | 2,070 | $1.8M | Reduce -10.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.20% | 5,102 | $1.7M | Add +44.6% |
| APH Amphenol Corp. Class A | 0.19% | 11,800 | $1.6M | Reduce -0.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.17% | 18,775 | $1.5M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.17% | 20,029 | $1.5M | Add +0.0% |
| SCHZ Schwab US Aggregate Bond ETF | 0.17% | 63,025 | $1.5M | Add +3.3% |
| IVW iShares S&P 500 Growth ETF | 0.15% | 10,629 | $1.3M | Reduce -0.6% |
| JNJ Johnson & Johnson | 0.15% | 6,224 | $1.3M | Reduce -3.0% |
| XLB SS Materials Select Sector | 0.14% | 26,816 | $1.2M | Add +4.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.14% | 4,499 | $1.2M | Add +4.6% |
| ET Energy Transfer LP | 0.13% | 69,266 | $1.1M | Add +7.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 3,524 | $1.1M | Add +11.4% |
| ORCL Oracle Corp. | 0.12% | 5,479 | $1.1M | Add +5.0% |
| EPD Enterprise Products Partners | 0.12% | 32,883 | $1.1M | Add +11.1% |
| AZN Astrazeneca PLC-Spons ADR | 0.12% | 11,277 | $1.0M | No change |
| USAC USA Compression Partners LP | 0.12% | 45,001 | $1.0M | No change |
| IWF iShares Russell 1000 Growth | 0.12% | 2,171 | $1.0M | No change |
| BKNG Booking Holdings Inc. | 0.11% | 169 | $905K | No change |
| EMR Emerson Electric Co. | 0.10% | 6,482 | $860K | Add +3.2% |
| V Visa Inc. Class A | 0.10% | 2,376 | $833K | Reduce -22.6% |
| AM Antero Midstream Corp. | 0.09% | 45,000 | $801K | No change |
| OKE Oneok Inc. | 0.09% | 10,700 | $786K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 1,559 | $760K | Add +3.3% |
| DUK Duke Energy Corp. | 0.09% | 6,429 | $754K | Reduce -0.4% |
| WMB Williams Cos Inc. | 0.08% | 11,525 | $693K | Add +15.3% |
| SCHF Schwab Intl Equity ETF | 0.08% | 26,795 | $644K | No change |
| ABBV Abbvie Inc. | 0.08% | 2,817 | $644K | Add +21.0% |
| WFC Wells Fargo & Co. | 0.07% | 6,753 | $629K | Add +30.3% |
| USA Liberty All Star Equity Fund | 0.07% | 99,563 | $625K | No change |
| KO The Coca-Cola Co. | 0.07% | 8,901 | $622K | Add +1.7% |
| ABT Abbott Laboratories | 0.07% | 4,927 | $617K | Reduce -8.4% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.07% | 24,104 | $614K | No change |
| IVE iShares S&P 500 Value ETF | 0.07% | 2,800 | $594K | No change |
| MCK McKesson Corp. | 0.07% | 719 | $590K | No change |
| MCD McDonald's Corp. | 0.07% | 1,925 | $588K | Add +0.2% |
| SCHA Schwab US Small-Cap ETF | 0.07% | 20,337 | $579K | Add +2.5% |
| EBMT Eagle Bancorp Montana Inc. | 0.07% | 29,000 | $577K | No change |
| BTI British American Tob-SP ADR | 0.07% | 10,000 | $566K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $2.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PAVE Global X US Infrastructure | US INFR DEV ETF · principal | 61,200 | $2.9M | New |
Total filed on the 13F, all lines: $858.6M.
Portfolio Sells Q3 2025 → Q4 2025
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.35 |
| NVDA Nvidia Corp. | Reduce -1.9% | 2.12% | −0.18 |
| VOO Vanguard S&P 500 ETF | Reduce -28.9% | 0.24% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 2.68% | −0.11 |
| PEP Pepsico Inc. | Reduce -1.2% | 1.50% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -10.6% | 0.21% | −0.06 |
| LMBS First Trust Low Duration Opp | Sold out | 0.00% | −0.05 |
| CRH CRH PLC | Reduce -0.5% | 1.84% | −0.05 |
| AVUS Avantis U.S. Equity ETF | Sold out | 0.00% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -1.0% | 0.72% | −0.03 |
| BIV Vanguard Intermediate-Term B | Reduce -43.6% | 0.04% | −0.03 |
| BSV Vanguard Short-Term Bond ETF | Reduce -43.6% | 0.04% | −0.03 |
| V Visa Inc. Class A | Reduce -22.6% | 0.10% | −0.03 |
| AAPL Apple Inc. | Reduce -1.4% | 3.36% | −0.03 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.03 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.03 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -25.4% | 0.05% | −0.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -4.9% | 2.44% | −0.03 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.03 |
| O Realty Income Corp. | Sold out | 0.00% | −0.03 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.4% | 0.30% | −0.02 |
| ABT Abbott Laboratories | Reduce -8.4% | 0.07% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -3.3% | 0.26% | −0.01 |
| DUK Duke Energy Corp. | Reduce -0.4% | 0.09% | −0.01 |
| DIS The Walt Disney Co. | Reduce -14.8% | 0.04% | −0.01 |
| PGR Progressive Corp. | Reduce -0.2% | 0.06% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -10.8% | 0.03% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -17.3% | 0.03% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -0.6% | 0.15% | −0.01 |
| SYK Stryker Corp. | Reduce -0.4% | 0.06% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -2.3% | 0.03% | −0.01 |
| UNP Union Pacific Corp. | Reduce -6.8% | 0.03% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -4.5% | 0.04% | −0.00 |
| TSLA Tesla Inc. | Reduce -2.7% | 0.06% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -13.6% | 0.03% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -0.5% | 0.03% | −0.00 |
| BA The Boeing Co. | Reduce -4.8% | 0.03% | −0.00 |
| COP Conocophillips | Reduce -0.1% | 0.04% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.2% | 0.03% | −0.00 |
| AVGO Broadcom Inc. | Reduce -2.0% | 0.06% | −0.00 |
| TRV The Travelers Cos Inc. | Reduce -0.2% | 0.06% | −0.00 |
| DHR Danaher Corp. | Reduce -9.3% | 0.05% | −0.00 |
| JNJ Johnson & Johnson | Reduce -3.0% | 0.15% | +0.00 |
| APH Amphenol Corp. Class A | Reduce -0.1% | 0.19% | +0.00 |
| AMD Advanced Micro Devices | Reduce -1.8% | 0.03% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -9.1% | 0.26% | +0.02 |
| CAT Caterpillar Inc. | Reduce -6.4% | 2.45% | +0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -8.3% | 2.40% | +0.24 |
Portfolio Buys Q3 2025 → Q4 2025
| MBB iShares MBS ETF | Add +11.4% | 6.12% | +0.29 |
| IBTM iShares Ibnds Dec 2032 TT | Add +127.0% | 0.40% | +0.21 |
| UPS United Parcel Service Class B | Add +0.2% | 1.45% | +0.16 |
| CSCO Cisco Systems Inc. | Add +0.6% | 2.30% | +0.14 |
| AXP American Express Co. | Add +1.4% | 1.89% | +0.11 |
| USB US Bancorp | Add +2.1% | 1.87% | +0.11 |
| GSK GSK PLC-Spon ADR | Add +0.2% | 1.55% | +0.10 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +2.0% | 2.72% | +0.09 |
| XLV SS Health Care Select Sector | Add +8.8% | 0.73% | +0.09 |
| IJH iShares Core S&P Midcap ETF | Add +7.6% | 3.64% | +0.09 |
| XLP SS Consumer Staples Sel Sect | Add +24.8% | 0.52% | +0.07 |
| SLB SLB Ltd. | Add +0.8% | 1.27% | +0.07 |
| LLY Eli Lilly & Co. | Add +5.5% | 0.22% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +44.6% | 0.20% | +0.06 |
| XLE SS Energy Select Sector | Add +18.7% | 0.50% | +0.05 |
| XOM Exxon Mobil Corp. | Add +2.6% | 1.60% | +0.05 |
| BAC Bank of America Corp. | Add +2.4% | 1.69% | +0.05 |
| AMZN Amazon.com Inc. | Add +2.8% | 2.56% | +0.05 |
| NSC Norfolk Southern Corp. | New | 0.04% | +0.04 |
| IDEV iShares Core MSCI Dev MKTS | Add +4.0% | 4.15% | +0.03 |
| INTC Intel Corp. | New | 0.03% | +0.03 |
| SLV iShares Silver Trust | New | 0.03% | +0.03 |
| IBTL iShares Ibonds Dec 2031 Term | Add +12.4% | 0.52% | +0.03 |
| DAL Delta Air Lines Inc. | New | 0.03% | +0.03 |
| XLI SS Industrial Select Sector | Add +9.8% | 0.70% | +0.03 |
| MU Micron Technology Inc. | New | 0.03% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | New | 0.03% | +0.03 |
| UAL United Airlines Holdings Inc. | New | 0.03% | +0.03 |
| F Ford Motor Co. | Add +62.2% | 0.06% | +0.03 |
| IBHJ Ishrs Ibds 2030 HY & Inc. ETF | New | 0.02% | +0.02 |
| CVS CVS Health Corp. | New | 0.02% | +0.02 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.02% | +0.02 |
| IBTG iShares Ibonds Dec 2026 Term | Add +11.7% | 0.47% | +0.02 |
| WFC Wells Fargo & Co. | Add +30.3% | 0.07% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +11.4% | 0.13% | +0.02 |
| IBTI iShares Ibonds Dec 2028 Term | Add +9.2% | 0.52% | +0.01 |
| IBTK iShares Ibonds Dec 2030 Trea | Add +9.0% | 0.55% | +0.01 |
| IBTH iShares Ibonds Dec 2027 Term | Add +8.8% | 0.55% | +0.01 |
| FIBK First Interstate Bancsys-A | Add +0.5% | 0.39% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +26.9% | 0.07% | +0.01 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +8.1% | 0.57% | +0.01 |
| RTX RTX Corp. | Add +17.6% | 0.05% | +0.01 |
| ABBV Abbvie Inc. | Add +21.0% | 0.08% | +0.01 |
| EPD Enterprise Products Partners | Add +11.1% | 0.12% | +0.01 |
| NXH Neighborhood Intelligence Inc. | New | 0.01% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +14.7% | 0.04% | +0.00 |
| T AT&T Inc. | Add +36.2% | 0.03% | +0.00 |
| CMI Cummins Inc. | Add +0.2% | 0.03% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +12.7% | 0.04% | +0.00 |
| WMB Williams Cos Inc. | Add +15.3% | 0.08% | +0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| PAVE Global X US Infrastructure | US INFR DEV ETF · principal | New | 61,200 | $2.9M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |