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Asset Manager ← All Institutions

Bell Bank

520 MAIN AVENUE, FARGO, ND 58103 • 7014513015

Q2 2025 · Filed 2025-07-11
Market Value
$2.1B
+15.8%
Holdings
204
+7
New Purchases
18
Added To
76
Closed
6
Reduced
58
Top 10 Concentration
68.6%
Turnover
11.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VTI 4.90% 2.35% +2.55% $105M
RSP 2.42% 0.00% +2.42% $52M
VUG 11.98% 11.22% +0.76% $257M
IEFA 13.09% 12.37% +0.72% $281M
BIL 1.90% 1.18% +0.72% $41M
PEP 0.40% 0.03% +0.38% $9M
NVDA 1.34% 1.20% +0.15% $29M
MSFT 0.89% 0.76% +0.13% $19M
VTV 11.61% 11.50% +0.11% $249M
STX 0.48% 0.37% +0.11% $10M
UPS 0.53% 0.44% +0.09% $11M
SHV 0.09% 0.00% +0.09% $2M
AVGO 0.24% 0.17% +0.07% $5M
META 0.67% 0.60% +0.07% $14M
VGSH 0.06% 0.00% +0.06% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IJH 0.00% 2.09% -2.09% $0
BILS 2.46% 3.32% -0.86% $53M
IJR 0.00% 0.78% -0.78% $0
AGG 2.45% 2.94% -0.49% $53M
QQQ 9.20% 9.66% -0.47% $197M
VYM 4.42% 4.74% -0.32% $95M
GILD 0.40% 0.70% -0.30% $9M
SPYV 3.70% 3.98% -0.28% $79M
ABBV 0.62% 0.83% -0.22% $13M
CSCO 0.48% 0.69% -0.20% $10M
VMBS 0.96% 1.16% -0.19% $21M
AAPL 0.67% 0.84% -0.17% $14M
SO 0.45% 0.62% -0.17% $10M
T 0.42% 0.59% -0.17% $9M
DUK 0.43% 0.58% -0.14% $9M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 78.7%
Technology 6.1%
Healthcare 3.0%
Consumer Defensive 2.6%
Communication Services 2.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 54 $1.2B 54.7%
Large Cap 137 $907M 42.3%
Mid Cap 9 $64M 3.0%
Small Cap 2 $439K 0.0%
Micro Cap 2 $406K 0.0%

Portfolio Analytics

Avg Market Cap
$317.8B
Median Market Cap
$98.1B
Avg P/E
35.3
Median P/E
26.5
Avg Dividend Yield
0.02%
Avg Beta
0.90
# Stocks
140
# ETFs / Funds
64

Top Holdings (204 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IEFA 13.09% 3,364,915 $281M $83.48 $52M +334,935 +11.1%
2 VUG 11.98% 586,269 $257M $438.40 $49M +25,849 +4.6%
3 VTV 11.61% 1,409,149 $249M $176.74 $36M +175,941 +14.3%
4 QQQ 9.20% 357,615 $197M $551.64 $18M -24,057 -6.3%
5 VTI 4.90% 346,034 $105M $303.93 $62M +187,349 +118.1%
6 VOO 4.80% 181,275 $103M $568.03 $11M +3,280 +1.8%
7 VYM 4.42% 711,664 $95M $133.31 $7M +30,788 +4.5%
8 SPYV 3.70% 1,516,195 $79M $52.34 $6M +74,226 +5.2%
9 BILS 2.46% 530,257 $53M $99.43 -$9M -87,886 -14.2%
10 AGG 2.45% 529,906 $53M $99.20 -$2M -21,448 -3.9%
11 RSP 2.42% 286,004 $52M $181.74 +286,004 NEW
12 BIL 1.90% 443,909 $41M $91.73 $19M +205,686 +86.3%
13 NVDA 1.34% 182,187 $29M $157.99 $7M -22,119 -10.8%
14 VMBS 0.96% 446,592 $21M $46.34 -$746K -16,405 -3.5%
15 MSFT 0.89% 38,472 $19M $497.41 $5M +937 +2.5%
16 SPY 0.76% 26,461 $16M $617.85 $2M +1,461 +5.8%
17 AMZN 0.68% 66,032 $14M $219.39 $2M +226 +0.3%
18 META 0.67% 19,475 $14M $738.09 $3M +235 +1.2%
19 AAPL 0.67% 69,834 $14M $205.17 -$1M -372 -0.5%
20 ABBV 0.62% 71,191 $13M $185.62 -$2M -2,579 -3.5%
21 IBM 0.61% 44,165 $13M $294.78 $201K -7,385 -14.3%
22 UPS 0.53% 113,299 $11M $100.94 $3M +39,069 +52.6%
23 ARCC 0.52% 504,792 $11M $21.96 -$6K +4,294 +0.9%
24 VZ 0.50% 249,761 $11M $43.27 $2M +56,105 +29.0%
25 CVX 0.50% 75,260 $11M $143.19 $2M +20,243 +36.8%
26 PFE 0.49% 433,983 $11M $24.24 $1M +67,441 +18.4%
27 RIO 0.49% 178,456 $10M $58.33 $1M +24,420 +15.8%
28 CSCO 0.48% 149,621 $10M $69.38 -$2M -56,085 -27.3%
29 STX 0.48% 71,585 $10M $144.33 $3M -9,585 -11.8%
30 XOM 0.46% 92,105 $10M $107.80 -$349K +5,688 +6.6%
31 SO 0.45% 104,638 $10M $91.83 -$2M -20,435 -16.3%
32 DUK 0.43% 78,607 $9M $118.00 -$1M -9,022 -10.3%
33 ADM 0.42% 172,487 $9M $52.78 $1M +4,951 +3.0%
34 T 0.42% 308,905 $9M $28.94 -$2M -75,160 -19.6%
35 TRP 0.42% 183,114 $9M $48.79 $205K -1,795 -1.0%
36 PRU 0.41% 82,092 $9M $107.44 -$7K +3,053 +3.9%
37 HBAN 0.41% 523,977 $9M $16.76 -$187K -73,576 -12.3%
38 KHC 0.40% 333,942 $9M $25.82 $607K +70,537 +26.8%
39 PEP 0.40% 65,092 $9M $132.04 $8M +61,996 +2002.5%
40 GILD 0.40% 77,196 $9M $110.87 -$4M -38,966 -33.5%
41 AMGN 0.39% 30,210 $8M $279.21 -$1M -1,260 -4.0%
42 USB 0.37% 176,561 $8M $45.25 $721K +4,403 +2.6%
43 GOOGL 0.36% 44,157 $8M $176.23 $1M +505 +1.2%
44 KMI 0.35% 254,464 $7M $29.40 $224K +89 +0.0%
45 CCI 0.34% 71,445 $7M $102.73 $165K +2,609 +3.8%
46 GSK 0.33% 186,766 $7M $38.40 -$386K -8,316 -4.3%
47 HPE 0.33% 349,575 $7M $20.45 $2M +7,204 +2.1%
48 CAG 0.32% 340,176 $7M $20.47 -$1M +29,345 +9.4%
49 GOOG 0.31% 37,516 $7M $177.39 $938K +922 +2.5%
50 LYB 0.31% 114,997 $7M $57.86 -$865K +8,195 +7.7%
51 KMB 0.29% 48,358 $6M $128.92 -$101K +3,811 +8.6%
52 JPM 0.28% 20,785 $6M $289.91 $1M +2,036 +10.9%
53 UL 0.27% 96,432 $6M $61.17 -$1M -23,321 -19.5%
54 DOW 0.27% 219,755 $6M $26.48 -$808K +29,989 +15.8%
55 V 0.26% 15,663 $6M $355.05 $490K +1,193 +8.2%
56 VTRS 0.25% 590,228 $5M $8.93 $681K +63,332 +12.0%
57 AVGO 0.24% 18,953 $5M $275.65 $2M +306 +1.6%
58 TSLA 0.18% 12,453 $4M $317.66 $80K -2,503 -16.7%
59 MCD 0.18% 12,989 $4M $292.17 -$210K +168 +1.3%
60 EXR 0.17% 24,375 $4M $147.44 -$26K
61 MA 0.16% 6,251 $4M $561.94 $178K +168 +2.8%
62 NFLX 0.13% 2,102 $3M $1,339.13 $905K +54 +2.6%
63 COST 0.12% 2,634 $3M $989.94 $195K +83 +3.2%
64 VEA 0.10% 38,577 $2M $57.01 $344K +2,076 +5.7%
65 WM 0.10% 9,581 $2M $228.82 -$26K -1 -0.0%
66 BRK-B 0.10% 4,512 $2M $485.77 -$263K -97 -2.1%
67 PSA 0.10% 7,406 $2M $293.42 -$43K
68 HD 0.10% 5,864 $2M $366.64 $201K +545 +10.2%
69 AFL 0.10% 20,028 $2M $105.46 -$115K
70 TSM 0.10% 9,249 $2M $226.49 $595K +217 +2.4%
71 JEPI 0.10% 36,385 $2M $56.85 $53K +1,113 +3.2%
72 WMT 0.09% 20,203 $2M $97.78 $230K +326 +1.6%
73 KO 0.09% 26,710 $2M $70.75 $199K +3,099 +13.1%
74 SHV 0.09% 17,098 $2M $110.42 +17,098 NEW
75 SPHQ 0.09% 26,287 $2M $71.26 $235K +1,599 +6.5%
76 HEI 0.08% 5,388 $2M $328.00 $273K -204 -3.6%
77 DFUS 0.08% 24,462 $2M $67.02 $153K -121 -0.5%
78 LOW 0.08% 7,373 $2M $221.87 $500K +2,501 +51.3%
79 PG 0.07% 9,986 $2M $159.32 -$107K +22 +0.2%
80 IRT 0.07% 88,006 $2M $17.69 -$312K
81 INTC 0.07% 69,339 $2M $22.40 -$29K -346 -0.5%
82 CRM 0.07% 5,637 $2M $272.69 -$594K -2,303 -29.0%
83 DE 0.07% 2,964 $2M $508.49 $246K +278 +10.3%
84 ESGV 0.07% 13,664 $1M $109.64 $130K -307 -2.2%
85 JPST 0.07% 29,249 $1M $50.68 -$6K -145 -0.5%
86 AMD 0.06% 9,616 $1M $141.90 $381K +44 +0.5%
87 VGSH 0.06% 22,151 $1M $58.78 +22,151 NEW
88 MMM 0.06% 8,521 $1M $152.24 $310K +1,799 +26.8%
89 FAST 0.06% 30,078 $1M $42.00 $156K +15,804 +110.7%
90 ADI 0.06% 5,232 $1M $238.02 $183K -34 -0.7%
91 LLY 0.06% 1,596 $1M $779.53 -$74K
92 NOW 0.06% 1,205 $1M $1,028.08 $263K -21 -1.7%
93 FTNT 0.06% 11,689 $1M $105.72 $159K +499 +4.5%
94 AMAT 0.06% 6,568 $1M $183.07 $279K +206 +3.2%
95 UNH 0.05% 3,754 $1M $311.97 -$459K +641 +20.6%
96 BSV 0.05% 14,538 $1M $78.70 +14,538 NEW
97 XLF 0.05% 21,812 $1M $52.37 $29K -535 -2.4%
98 CRWD 0.05% 2,213 $1M $509.31 $374K +77 +3.6%
99 AXP 0.05% 3,333 $1M $318.98 $166K
100 SCHD 0.05% 40,066 $1M $26.50 $109K +6,005 +17.6%

New Positions

SymbolValue% Port
RSP $52M 2.42%
SHV $2M 0.09%
VGSH $1M 0.06%
BSV $1M 0.05%
ANET $759K 0.04%
ITOT $590K 0.03%
BND $469K 0.02%
COF $308K 0.01%
PANW $297K 0.01%
MET $267K 0.01%
MDT $257K 0.01%
INTU $241K 0.01%
IYW $241K 0.01%
C $227K 0.01%
QUAL $227K 0.01%

Sold Out Positions

SymbolValue% Port
PSX —%
WST —%
ADBE —%
IJH —%
IJR —%
DFS —%
View SEC EDGAR Filings for Bell Bank →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms