Bell Bank

CIK

1002672

Location

FARGO, ND

Portfolio Value

Mid $2,461,581,674

Diversification

Moderately concentrated

Filing Date

Global Rank

#1,361 / 8,827 ▼ 30 · as of Jun 2026

Top Industry

Semiconductors 11.5%

Period ended 38 days ago

Filed Oct 21, 2026 · 17d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 76.6% of the book (60%+)

Turnover

Low turnover

14.5% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.4 quarters (12+), a floor since 44.8% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 77.7%; sector active share 63.5% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

204 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

36.4%

+2.6 pts

Top 5

70.6%

+2.0 pts

Top 10

77.0%

+0.4 pts

HHI

1,774

Moderately concentrated+215

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	74.5%	$1,834,564,204	64
Technology	8.4%	$207,210,479	31
Consumer Defensive	3.2%	$79,920,146	13
Healthcare	2.9%	$70,783,294	20
Communication Services	2.6%	$64,525,284	8
Financial Services	2.3%	$55,527,304	21
Energy	1.5%	$37,173,073	5
Consumer Cyclical	1.5%	$36,636,969	9
Industrials	1.3%	$31,272,584	24
Utilities	0.8%	$20,415,975	4
Basic Materials	0.6%	$15,076,169	3
Real Estate	0.3%	$8,476,193	2

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
—		+1,012,600	1,212,600	$0
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND	+62,542	1,029,972	$45,741,056
AGG	iShares Core U.S. Aggregate Bond ETF	+47,613	753,833	$71,267,371
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	+39,925	1,734,577	$106,034,692
IEFA	iShares Core MSCI EAFE ETF	+25,296	3,548,938	$343,821,113
CCI	Crown Castle Inc.	+23,866	107,989	$7,197,466
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	+19,206	82,847	$4,159,747
ESGV	VANGUARD ESG U.S. STOCK ETF	+17,690	28,861	$3,911,531
VTV	VANGUARD VALUE INDEX FUND	+17,509	1,606,434	$347,118,258
ARCC	Ares Capital Corp	+16,509	532,313	$10,167,178
PEP	Pepsico Inc	+15,858	83,997	$10,644,099
CAG	Conagra Brands Inc.	+14,948	441,121	$5,928,666
GIS	General Mills Inc	+14,075	182,377	$5,865,244
SCHD	Schwab U.S. Dividend Equity ETF	+11,869	93,680	$3,047,410
IP	International Paper Co	+9,683	206,678	$6,855,509
ESGD	iShares ESG Aware MSCI EAFE ETF	+9,430	14,072	$1,450,119
TRP	Tc Energy Corp	+8,826	193,881	$11,202,444
—		+7,346	11,112	$0
PLTR	Palantir Technologies Inc.	+7,199	14,931	$2,792,843
BRK-B	Berkshire Hathaway Inc	+6,996	9,665	$4,812,686
NFLX	Netflix Inc	+6,777	28,800	$2,003,904
CRWD	CrowdStrike Holdings, Inc.	+4,898	6,476	$1,714,521
AMZN	Amazon Com Inc	+4,582	71,599	$17,838,890
ITOT	iShares Core S&P Total U.S. Stock Market ETF	+4,332	6,171	$1,026,113
KMI	Kinder Morgan, Inc.	+4,034	268,329	$8,090,119
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
—		−172,386	189,659	$0
VUG	VANGUARD GROWTH INDEX FUND	−88,264	3,511,203	$316,394,502
HPE	Hewlett Packard Enterprise Co	−86,811	277,843	$17,751,389
SO	Southern Co	−23,231	116,905	$9,690,255
JAAA	Janus Henderson AAA CLO ETF	−22,432	895,746	$45,208,300
PG	PROCTER & GAMBLE Co	−20,955	51,763	$7,520,128
—		−20,158	176,029	$0
KO	Coca Cola Co	−12,387	16,964	$1,460,261
T	At&T Inc.	−11,369	316,145	$7,713,938
KHC	Kraft Heinz Co	−11,336	363,900	$8,267,808
FDL	First Trust Morningstar Dividend Leaders Index Fund	−8,671	15,631	$767,638
QQQ	Invesco Qqq Trust, Series 1	−7,493	347,988	$257,431,082
V	Visa Inc.	−3,848	13,665	$4,910,244
PFE	Pfizer Inc	−3,107	481,296	$13,726,561
HD	Home Depot, Inc.	−2,943	3,539	$1,006,810
CLX	Clorox Co	−2,844	60,194	$4,876,315
VZ	Verizon Communications Inc	−2,119	235,370	$10,796,421
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−2,097	335,989	$125,740,523
GILD	Gilead Sciences, Inc.	−1,290	77,326	$11,525,440
NVDA	Nvidia Corp	−1,064	186,628	$42,622,102
IBM	International Business Machines Corp	−904	51,920	$11,418,765
FAST	Fastenal Co	−819	22,471	$1,112,988
RIO	Rio Tinto PLC	−768	152,818	$14,390,871
XEL	Xcel Energy Inc	−601	3,727	$262,678
BX	Blackstone Inc.	−586	57,927	$6,493,037
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	254,933	$7,543,467
HSY	Hershey Co	42,924	$6,765,251
APP	AppLovin Corp	3,335	$968,584
SPCX	Space Exploration Technologies Corp	4,457	$672,383
SHOP	Shopify Inc.	4,496	$666,756
GLDM	World Gold Trust	6,529	$536,553
HON	Honeywell International Inc	1,310	$276,331
VEEV	Veeva Systems Inc	863	$246,343
ET	Energy Transfer LP	12,421	$245,563
AFIF	Two Roads Shared Trust	25,387	$235,337
VO	VANGUARD MID-CAP INDEX FUND	2,925	$229,378
REGN	Regeneron Pharmaceuticals, Inc.	302	$228,997
MCK	Mckesson Corp	254	$216,867
DIS	Walt Disney Co	2,033	$213,261
ADP	Automatic Data Processing Inc	826	$213,157
A	Agilent Technologies, Inc.	1,195	$205,910
HONA	Honeywell Aerospace Inc.	1,311	$203,165
—		11,400	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
XOM	ExxonMobil Holdings Corp	95,667	$13,079,591
SWKS	Skyworks Solutions, Inc.	119,695	$8,115,320
VSDB	VANGUARD SHORT DURATION BOND ETF	55,494	$4,236,411
SBUX	Starbucks Corp	2,260	$230,949
GLW	Corning Inc	854	$218,137
ROK	Rockwell Automation, Inc	431	$213,379
VMC	Vulcan Materials CO	719	$212,112
DBRHP	DigitalBridge Group, Inc.	12,500	$186,375
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

204 tracked positions · $2,461,581,674 total · filing declares 204 positions · $2,656,349,356 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 204 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VTV	VANGUARD VALUE INDEX FUND	Added	1,606,434	+17,509	$347,118,258	+0.2%	14.10%
IEFA	iShares Core MSCI EAFE ETF	Added	3,548,938	+25,296	$343,821,113	+1.0%	13.97%
VUG	VANGUARD GROWTH INDEX FUND	Reduced	3,511,203	-88,264	$316,394,502	+2.0%	12.85%
QQQ	Invesco Qqq Trust, Series 1	Reduced	347,988	-7,493	$257,431,082	−1.7%	10.46%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	335,989	-2,097	$125,740,523	+0.5%	5.11%
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	Added	1,734,577	+39,925	$106,034,692	+2.9%	4.31%
VOO	VANGUARD 500 INDEX FUND	Reduced	149,665	-438	$104,894,211	+1.7%	4.26%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	753,833	+47,613	$71,267,371	+2.0%	2.90%
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND	Added	1,029,972	+62,542	$45,741,056	+1.0%	1.86%
JAAA	Janus Henderson AAA CLO ETF	Reduced	895,746	-22,432	$45,208,300	−2.5%	1.84%
NVDA	Nvidia Corp Technology	Reduced	186,628	-1,064	$42,622,102	+13.5%	1.73%
MSFT	Microsoft Corp Technology	Added	47,708	+1,154	$24,469,433	+40.9%	0.99%
SPY	Spdr S&P 500 ETF Trust	Reduced	26,114	-156	$19,915,319	+1.5%	0.81%
AAPL	Apple Inc. Technology	Added	57,778	+631	$19,241,229	+16.4%	0.78%
AMZN	Amazon Com Inc Consumer Cyclical	Added	71,599	+4,582	$17,838,890	+11.7%	0.72%
HPE	Hewlett Packard Enterprise Co Technology	Reduced	277,843	-86,811	$17,751,389	+7.9%	0.72%
CVX	Chevron Corp Energy	Added	84,647	+380	$17,285,763	+23.8%	0.70%
STX	Seagate Technology Holdings plc Technology	Added	18,038	+246	$16,637,168	−3.1%	0.68%
META	Meta Platforms, Inc. Communication Services	Added	22,339	+566	$16,199,796	+32.1%	0.66%
CSCO	Cisco Systems, Inc. Technology	Reduced	144,124	-32	$15,512,066	−8.4%	0.63%
GOOGL	Alphabet Inc. Communication Services	Added	41,890	+1,149	$14,413,511	−1.0%	0.59%
RIO	Rio Tinto PLC Basic Materials	Reduced	152,818	-768	$14,390,871	−1.3%	0.58%
ABBV	AbbVie Inc. Healthcare	Added	54,278	+330	$14,198,582	+4.6%	0.58%
AMGN	Amgen Inc Healthcare	Reduced	33,414	-258	$14,084,335	+15.5%	0.57%
PFE	Pfizer Inc Healthcare	Reduced	481,296	-3,107	$13,726,561	+17.7%	0.56%
ADM	Archer-Daniels-Midland Co Consumer Defensive	Added	170,119	+1,759	$13,504,046	+5.0%	0.55%
HPQ	Hp Inc Technology	Added	398,565	+678	$12,467,113	+42.8%	0.51%
GOOG	Alphabet Inc. Communication Services	Added	35,851	+846	$12,215,869	−1.2%	0.50%
PRU	Prudential Financial Inc Financial Services	Added	102,196	+123	$11,607,421	+5.4%	0.47%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	77,326	-1,290	$11,525,440	+16.0%	0.47%
IBM	International Business Machines Corp Technology	Reduced	51,920	-904	$11,418,765	−23.1%	0.46%
TRP	Tc Energy Corp Energy	Added	193,881	+8,826	$11,202,444	−8.7%	0.46%
VZ	Verizon Communications Inc Communication Services	Reduced	235,370	-2,119	$10,796,421	+7.4%	0.44%
PEP	Pepsico Inc Consumer Defensive	Added	83,997	+15,858	$10,644,099	+15.4%	0.43%
UPS	United Parcel Service Inc Industrials	Reduced	112,759	-152	$10,536,200	−13.2%	0.43%
ARCC	Ares Capital Corp Financial Services	Added	532,313	+16,509	$10,167,178	+6.4%	0.41%
KMB	Kimberly Clark Corp Consumer Defensive	Added	103,805	+2,125	$10,113,721	−9.4%	0.41%
SO	Southern Co Utilities	Reduced	116,905	-23,231	$9,690,255	−27.8%	0.39%
DUK	Duke Energy CORP Utilities	Added	84,492	+1,844	$9,632,932	−7.9%	0.39%
GSK	GSK plc Healthcare	Added	184,064	+2,830	$8,866,362	−6.7%	0.36%
SWK	Stanley Black & Decker, Inc. Industrials	Added	96,223	+812	$8,524,395	−5.1%	0.35%
KHC	Kraft Heinz Co Consumer Defensive	Reduced	363,900	-11,336	$8,267,808	−6.7%	0.34%
KMI	Kinder Morgan, Inc. Energy	Added	268,329	+4,034	$8,090,119	−4.3%	0.33%
AVGO	Broadcom Inc. Technology	Added	22,457	+518	$7,886,673	−4.8%	0.32%
T	At&T Inc. Communication Services	Reduced	316,145	-11,369	$7,713,938	+13.8%	0.31%
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	NEW	254,933	NEW	$7,543,467	NEW	0.31%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	51,763	-20,955	$7,520,128	−29.5%	0.31%
JPM	Jpmorgan Chase & Co Financial Services	Added	22,701	+483	$7,510,171	+3.3%	0.31%
CCI	Crown Castle Inc. Real Estate	Added	107,989	+23,866	$7,197,466	+13.0%	0.29%
IP	International Paper Co Consumer Cyclical	Added	206,678	+9,683	$6,855,509	−8.7%	0.28%

Showing the top 50 of 204 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.