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Bell Bank

520 MAIN AVENUE, FARGO, ND 58103 • 7014513015

Q2 2026 · Filed 2026-07-16
Market Value
$2.6B
+11.2%
Holdings
206
+6
New Purchases
21
Added To
95
Closed
12
Reduced
51
Top 10 Concentration
70.0%
Turnover
16.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QQQ 9.99% 8.79% +1.20% $262M
JAAA 1.77% 1.02% +0.75% $46M
VUG 11.83% 11.27% +0.56% $310M
SWK 0.34% 0.00% +0.34% $9M
HPQ 0.33% 0.00% +0.33% $9M
HPE 0.63% 0.35% +0.28% $16M
IP 0.29% 0.02% +0.27% $8M
CLX 0.23% 0.00% +0.23% $6M
PG 0.41% 0.18% +0.23% $11M
AAA 0.19% 0.00% +0.19% $5M
CSCO 0.65% 0.48% +0.17% $17M
VOO 3.93% 3.77% +0.17% $103M
VSDB 0.16% 0.00% +0.16% $4M
AMD 0.24% 0.09% +0.15% $6M
VTI 4.77% 4.65% +0.13% $125M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BILS 1.37% 2.52% -1.15% $36M
BIL 0.69% 1.43% -0.75% $18M
IEFA 12.98% 13.64% -0.65% $340M
LYB 0.01% 0.40% -0.39% $322K
DOW 0.00% 0.38% -0.38% $0
VTV 13.21% 13.53% -0.32% $346M
VTRS 0.00% 0.31% -0.31% $0
SPYV 3.93% 4.21% -0.28% $103M
BXSL 0.00% 0.23% -0.23% $0
CVX 0.53% 0.72% -0.19% $14M
XONA.DE 0.50% 0.68% -0.18% $13M
T 0.26% 0.40% -0.14% $7M
VZ 0.38% 0.52% -0.14% $10M
PFE 0.44% 0.56% -0.12% $12M
AGG 2.67% 2.76% -0.10% $70M

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 59 $1.5B 56.4%
Large Cap 129 $1.1B 41.2%
Mid Cap 10 $52M 2.0%
Small Cap 3 $5M 0.2%
Micro Cap 5 $6M 0.2%

Portfolio Analytics

Avg Market Cap
$335.7B
Median Market Cap
$95.8B
Avg P/E
32.8
Median P/E
24.8
Avg Dividend Yield
0.02%
Avg Beta
0.91
# Stocks
142
# ETFs / Funds
64

Top Holdings (206 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VTV 13.21% 1,588,925 $346M $217.93 $27M -36,772 -2.3%
2 IEFA 12.98% 3,523,642 $340M $96.58 $19M -27,036 -0.8%
3 VUG 11.83% 3,599,467 $310M $86.14 $44M +2,991,387 +491.9%
4 QQQ 9.99% 355,481 $262M $736.40 $55M -3,544 -1.0%
5 RSP 4.91% 604,669 $129M $212.77 $11M -9,585 -1.6%
6 VTI 4.77% 338,086 $125M $370.04 $16M -3,366 -1.0%
7 VOO 3.93% 150,103 $103M $686.81 $14M +1,474 +1.0%
8 SPYV 3.93% 1,694,652 $103M $60.79 $4M -58,666 -3.4%
9 AGG 2.67% 706,220 $70M $98.98 $5M +49,773 +7.6%
10 JAAA 1.77% 918,178 $46M $50.49 $22M +440,518 +92.2%
11 VMBS 1.73% 967,430 $45M $46.81 $3M +69,501 +7.7%
12 NVDA 1.43% 187,692 $38M $200.09 $5M +1,166 +0.6%
13 BILS 1.37% 362,045 $36M $99.38 -$24M -236,287 -39.5%
14 SPY 0.75% 26,270 $20M $746.77 $3M +363 +1.4%
15 BIL 0.69% 196,187 $18M $91.64 -$16M -172,542 -46.8%
16 MSFT 0.66% 46,554 $17M $373.02 $671K +1,454 +3.2%
17 STX 0.65% 17,792 $17M $965.00 $3M -17,882 -50.1%
18 CSCO 0.65% 144,156 $17M $117.46 $6M -1,088 -0.8%
19 AAPL 0.63% 57,147 $17M $289.36 $3M +2,035 +3.7%
20 HPE 0.63% 364,654 $16M $45.11 $8M +18,584 +5.4%
21 AMZN 0.61% 67,017 $16M $238.34 $2M +1,646 +2.5%
22 IBM 0.57% 52,824 $15M $281.21 $3M +2,550 +5.1%
23 RIO 0.56% 153,586 $15M $94.93 $620K +3,951 +2.6%
24 GOOGL 0.56% 40,741 $15M $357.37 $3M +247 +0.6%
25 CVX 0.53% 84,267 $14M $165.76 -$3M +1,822 +2.2%
26 ABBV 0.52% 53,948 $14M $251.64 $2M +297 +0.6%
27 SO 0.51% 140,136 $13M $95.71 $759K +9,039 +6.9%
28 XONA.DE 0.50% 95,667 $13M $136.72 -$3M +914 +1.0%
29 ADM 0.49% 168,360 $13M $76.40 $996K +5,116 +3.1%
30 GOOG 0.47% 35,005 $12M $353.33 $3M +1,636 +4.9%
31 TRP 0.47% 185,055 $12M $66.29 $945K +4,182 +2.3%
32 META 0.47% 21,773 $12M $563.29 $75K +468 +2.2%
33 AMGN 0.47% 33,672 $12M $362.12 $835K +1,390 +4.3%
34 UPS 0.46% 112,911 $12M $107.50 $1M +2,791 +2.5%
35 PFE 0.44% 484,403 $12M $24.08 -$2M +11,541 +2.4%
36 KMB 0.43% 101,680 $11M $109.77 $1M -3,570 -3.4%
37 PRU 0.42% 102,073 $11M $107.93 $2M +5,298 +5.5%
38 PG 0.41% 72,718 $11M $146.64 $6M +43,565 +149.4%
39 DUK 0.40% 82,648 $10M $126.58 $26K +2,950 +3.7%
40 VZ 0.38% 237,489 $10M $42.34 -$2M -8,800 -3.6%
41 GILD 0.38% 78,616 $10M $126.34 -$751K +1,959 +2.6%
42 ARCC 0.36% 515,804 $10M $18.53 $235K -1,540 -0.3%
43 GSK 0.36% 181,234 $10M $52.42 -$557K -994 -0.6%
44 PEP 0.35% 68,139 $9M $135.40 -$927K +2,759 +4.2%
45 SWK 0.34% 95,411 $9M $94.12 — +95,411 — NEW
46 KHC 0.34% 375,236 $9M $23.62 $1M +37,136 +11.0%
47 HPQ 0.33% 397,887 $9M $21.94 — +397,887 — NEW
48 KMI 0.32% 264,295 $8M $31.97 -$271K +4,213 +1.6%
49 AVGO 0.32% 21,939 $8M $377.75 $2M +681 +3.2%
50 SWKS 0.31% 119,695 $8M $67.80 $3M +18,027 +17.7%
51 IP 0.29% 196,995 $8M $38.10 $7M +186,635 +1801.5%
52 JPM 0.28% 22,218 $7M $327.33 $1M +1,517 +7.3%
53 BX 0.26% 58,513 $7M $117.67 $806K +5,642 +10.7%
54 T 0.26% 327,514 $7M $20.70 -$3M +855 +0.3%
55 TSM 0.26% 14,031 $7M $477.57 $2M +475 +3.5%
56 CCI 0.24% 84,123 $6M $75.73 $366K +10,269 +13.9%
57 AMD 0.24% 10,733 $6M $580.91 $4M +191 +1.8%
58 CLX 0.23% 63,038 $6M $95.44 — +63,038 — NEW
59 V 0.23% 17,513 $6M $343.09 $776K +202 +1.2%
60 GIS 0.22% 168,302 $6M $34.80 $603K +27,143 +19.2%
61 CAG 0.22% 426,173 $6M $13.46 $349K +83,473 +24.4%
62 AAA 0.19% 200,000 $5M $24.90 — +200,000 — NEW
63 TSLA 0.18% 11,212 $5M $420.60 $574K +72 +0.7%
64 VSDB 0.16% 55,494 $4M $76.34 — +55,494 — NEW
65 MU 0.16% 3,630 $4M $1,154.29 $3M +50 +1.4%
66 MCD 0.13% 12,388 $3M $270.31 -$303K +639 +5.4%
67 ORCL 0.13% 22,658 $3M $146.55 $284K +2,015 +9.8%
68 SPDW 0.12% 63,641 $3M $50.39 $457K +3,412 +5.7%
69 MA 0.11% 5,487 $3M $513.60 $106K +59 +1.1%
70 SPHQ 0.10% 30,216 $3M $90.10 $451K — —
71 LLY 0.10% 2,255 $3M $1,199.43 $608K -25 -1.1%
72 AMAT 0.10% 3,654 $3M $723.00 $1M +11 +0.3%
73 SCHD 0.10% 81,811 $3M $31.71 $511K +13,911 +20.5%
74 UBER 0.10% 35,594 $3M $72.16 $265K +3,575 +11.2%
75 VEA 0.10% 35,846 $3M $71.25 $257K -1 —
76 WMT 0.10% 22,265 $3M $113.26 -$138K +860 +4.0%
77 JEPI 0.09% 43,557 $2M $56.48 -$5K +66 +0.1%
78 COST 0.09% 2,566 $2M $935.47 -$110K +47 +1.9%
79 KO 0.09% 29,351 $2M $81.27 $146K -89 -0.3%
80 HD 0.09% 6,482 $2M $352.68 $234K +243 +3.9%
81 LOW 0.08% 9,597 $2M $220.49 -$104K +200 +2.1%
82 CAT 0.08% 1,865 $2M $1,064.90 $673K +11 +0.6%
83 DFUS 0.07% 23,749 $2M $81.94 $257K -76 -0.3%
84 INTC 0.07% 13,470 $2M $139.63 $1M +96 +0.7%
85 IVV 0.07% 2,418 $2M $748.89 $1M +1,844 +321.2%
86 CMG 0.06% 46,675 $2M $34.00 $119K +809 +1.8%
87 NFLX 0.06% 22,023 $2M $71.40 -$515K +314 +1.4%
88 ANET 0.06% 8,899 $2M $169.88 $427K +63 +0.7%
89 ADI 0.06% 3,784 $2M $397.17 $247K -164 -4.2%
90 VYM 0.06% 9,365 $1M $158.03 $5K -596 -6.0%
91 ESGV 0.06% 11,171 $1M $132.24 $215K -70 -0.6%
92 IRT 0.06% 88,006 $1M $16.69 $158K — —
93 BRK-B 0.05% 2,669 $1M $500.39 -$886K -1,966 -42.4%
94 JNJ 0.05% 5,046 $1M $253.97 $6K -172 -3.3%
95 AXP 0.05% 3,648 $1M $338.25 $149K +60 +1.7%
96 VGT 0.05% 10,248 $1M $119.52 $331K +8,967 +700.0%
97 CRWD 0.05% 1,578 $1M $763.14 $629K +104 +7.1%
98 FDL 0.05% 24,302 $1M $48.66 $473K +10,332 +74.0%
99 MMM 0.04% 7,256 $1M $161.91 $111K -71 -1.0%
100 BAC 0.04% 20,496 $1M $56.98 $168K -13 -0.1%

New Positions

SymbolValue% Port
SWK $9M 0.34%
HPQ $9M 0.33%
CLX $6M 0.23%
AAA $5M 0.19%
VSDB $4M 0.16%
GE $602K 0.02%
GEV $484K 0.02%
LRCX $463K 0.02%
SNDK $393K 0.02%
MUB $357K 0.01%
WDC $347K 0.01%
PANW $328K 0.01%
INV $315K 0.01%
FTMN $262K 0.01%
GLW $218K 0.01%

Sold Out Positions

SymbolValue% Port
NOW — —%
VEEV — —%
DOW — —%
ROL — —%
ACN — —%
HSY — —%
BXSL — —%
SPGI — —%
MCK — —%
BSV — —%
REGN — —%
VTRS — —%
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