Bell Bank

Bank

CIK

1002672

Location

FARGO, ND

Portfolio Value

Small $769,717,678

Diversification

Diversified

Filing Date

Global Rank

#2,064 / 8,605 ▲ 59 · as of Mar 2026

Top Industry

Drug Manufacturers - General 11.3%

3Y Alpha vs SPY

-0.4%

Period ended 3 months ago

Filed Apr 23, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+75.4%

SPY

+76.5%

Annualised alpha

-0.3%

Max drawdown

−17.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

132 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

26.9%

−1.7 pts

Top 5

37.7%

−2.4 pts

Top 10

47.0%

−2.1 pts

HHI

832

Diversified−93

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	29.3%	$225,420,738	4
Technology	18.5%	$142,589,355	27
Healthcare	9.2%	$70,991,721	19
Consumer Defensive	8.1%	$62,322,588	11
Energy	7.0%	$53,530,695	5
Financial Services	6.9%	$53,288,706	22
Communication Services	6.2%	$47,754,553	5
Basic Materials	4.3%	$32,758,328	4
Consumer Cyclical	3.7%	$28,625,858	11
Utilities	3.2%	$24,471,816	4
Industrials	2.7%	$20,647,843	18
Real Estate	1.0%	$7,315,477	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
KMB	Kimberly Clark Corp	+54,479	105,250	$10,153,467
CMG	Chipotle Mexican Grill Inc	+31,215	45,866	$1,468,170
UBER	Uber Technologies, Inc	+29,468	32,019	$2,303,126
PFE	Pfizer Inc	+27,212	472,862	$13,277,964
HPE	Hewlett Packard Enterprise Co	+19,352	346,070	$8,239,926
ORCL	Oracle Corp	+13,168	20,643	$3,036,791
PRU	Prudential Financial Inc	+11,343	96,775	$9,453,948
QQQ	Invesco Qqq Trust, Series 1	+5,467	359,025	$207,222,049
MSFT	Microsoft Corp	+5,057	45,100	$16,694,667
IBM	International Business Machines Corp	+4,312	50,274	$12,185,914
KHC	Kraft Heinz Co	+3,576	338,100	$7,603,868
SO	Southern Co	+3,196	131,097	$12,653,482
AMGN	Amgen Inc	+2,320	32,282	$11,358,421
DUK	Duke Energy CORP	+2,157	79,698	$10,435,655
ADM	Archer-Daniels-Midland Co	+2,095	163,244	$11,866,206
KO	Coca Cola Co	+1,649	29,440	$2,238,912
AMZN	Amazon Com Inc	+1,543	65,371	$13,614,818
AVGO	Broadcom Inc.	+1,358	21,258	$6,579,563
META	Meta Platforms, Inc.	+1,119	21,305	$12,189,229
NVDA	Nvidia Corp	+1,046	186,526	$32,530,134
AMD	Advanced Micro Devices Inc	+1,043	10,542	$2,144,559
ANET	Arista Networks, Inc.	+979	8,836	$1,084,884
BMY	Bristol Myers Squibb Co	+868	5,114	$310,164
CCI	Crown Castle Inc.	+805	73,854	$6,005,068
ABBV	AbbVie Inc.	+736	53,651	$11,668,555
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
USB	US Bancorp De	−165,669	7,803	$405,834
DOW	Dow Inc.	−31,757	215,197	$8,962,954
CAG	Conagra Brands Inc.	−30,577	342,700	$5,387,243
RIO	Rio Tinto PLC	−20,417	149,635	$13,959,448
FTNT	Fortinet, Inc.	−20,168	2,846	$232,575
ARCC	Ares Capital Corp	−17,242	517,344	$9,322,538
VTRS	Viatris Inc	−16,676	535,974	$7,241,008
STX	Seagate Technology Holdings plc	−13,694	35,674	$13,975,645
VZ	Verizon Communications Inc	−13,094	246,289	$12,363,707
HSY	Hershey Co	−8,928	1,371	$285,017
KMI	Kinder Morgan, Inc.	−5,704	260,082	$8,720,549
LYB	LyondellBasell Industries N.V.	−5,690	118,013	$9,507,126
UPS	United Parcel Service Inc	−5,505	110,120	$10,833,605
TRP	Tc Energy Corp	−4,099	180,873	$11,322,649
CSCO	Cisco Systems, Inc.	−3,709	145,244	$11,269,481
AMAT	Applied Materials Inc /De	−3,157	3,643	$1,245,140
HEI	Heico Corp	−2,322	2,497	$684,677
GSK	GSK plc	−1,972	182,228	$10,057,162
FAST	Fastenal Co	−1,629	23,847	$1,106,500
GOOGL	Alphabet Inc.	−1,562	40,494	$11,644,454
NOW	ServiceNow, Inc.	−1,435	4,340	$453,747
XOM	Exxon Mobil Corp	−1,346	94,753	$16,075,793
UNH	Unitedhealth Group Inc	−1,179	1,966	$531,979
SPGI	S&P Global Inc.	−1,117	481	$204,588
MA	Mastercard Inc	−1,019	5,428	$2,712,154
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
BX	Blackstone Inc.	52,871	$6,079,635
BXSL	Blackstone Secured Lending Fund	232,851	$5,516,239
SWKS	Skyworks Solutions, Inc.	101,668	$5,444,321
GIS	General Mills Inc	141,159	$5,253,937
MSI	Motorola Solutions, Inc.	522	$226,532
BIIB	Biogen Inc.	1,109	$203,312
No positions match the current search.

Sold Out

Positions the filer fully exited

12 positions

Ticker	Company	Shares	Value
HBAN	Huntington Bancshares Inc /Md/	519,395	$9,011,502
TYL	Tyler Technologies Inc	1,720	$780,794
EXAS	EXACT SCIENCES CORP	5,970	$606,313
FICO	Fair Isaac Corp	225	$380,389
CSGP	Costar Group, Inc.	3,962	$266,404
WFC	Wells Fargo & Company/Mn	2,563	$238,871
DIS	Walt Disney Co	1,965	$223,558
PANW	Palo Alto Networks Inc	1,200	$221,040
WST	West Pharmaceutical Services Inc	774	$212,958
ADP	Automatic Data Processing Inc	815	$209,642
VMC	Vulcan Materials CO	717	$204,502
INTU	Intuit Inc.	304	$201,375
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

132 positions · $769,717,678 total · as of Mar 31, 2026

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

Showing 1–50 of 132 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1	Added	359,025	+5,467	$207,222,049	−4.6%	26.92%
NVDA	Nvidia Corp Technology	Added	186,526	+1,046	$32,530,134	−6.0%	4.23%
CVX	Chevron Corp Energy	Reduced	82,445	-678	$17,057,870	+34.6%	2.22%
SPY	Spdr S&P 500 ETF Trust	Reduced	25,907	-348	$16,848,358	−5.9%	2.19%
MSFT	Microsoft Corp Technology	Added	45,100	+5,057	$16,694,667	−13.8%	2.17%
XOM	Exxon Mobil Corp Energy	Reduced	94,753	-1,346	$16,075,793	+39.0%	2.09%
AAPL	Apple Inc. Technology	Reduced	55,112	-75	$13,986,874	−6.8%	1.82%
STX	Seagate Technology Holdings plc Technology	Reduced	35,674	-13,694	$13,975,645	+2.8%	1.82%
RIO	Rio Tinto PLC Basic Materials	Reduced	149,635	-20,417	$13,959,448	+2.6%	1.81%
AMZN	Amazon Com Inc Consumer Cyclical	Added	65,371	+1,543	$13,614,818	−7.6%	1.77%
PFE	Pfizer Inc Healthcare	Added	472,862	+27,212	$13,277,964	+19.7%	1.73%
SO	Southern Co Utilities	Added	131,097	+3,196	$12,653,482	+13.5%	1.64%
VZ	Verizon Communications Inc Communication Services	Reduced	246,289	-13,094	$12,363,707	+17.0%	1.61%
META	Meta Platforms, Inc. Communication Services	Added	21,305	+1,119	$12,189,229	−8.5%	1.58%
IBM	International Business Machines Corp Technology	Added	50,274	+4,312	$12,185,914	−10.5%	1.58%
ADM	Archer-Daniels-Midland Co Consumer Defensive	Added	163,244	+2,095	$11,866,206	+28.1%	1.54%
ABBV	AbbVie Inc. Healthcare	Added	53,651	+736	$11,668,555	−3.5%	1.52%
GOOGL	Alphabet Inc. Communication Services	Reduced	40,494	-1,562	$11,644,454	−11.5%	1.51%
AMGN	Amgen Inc Healthcare	Added	32,282	+2,320	$11,358,421	+15.8%	1.48%
TRP	Tc Energy Corp Energy	Reduced	180,873	-4,099	$11,322,649	+11.3%	1.47%
CSCO	Cisco Systems, Inc. Technology	Reduced	145,244	-3,709	$11,269,481	−1.8%	1.46%
UPS	United Parcel Service Inc Industrials	Reduced	110,120	-5,505	$10,833,605	−5.5%	1.41%
GILD	Gilead Sciences, Inc. Healthcare	Added	76,657	+80	$10,683,685	+13.7%	1.39%
DUK	Duke Energy CORP Utilities	Added	79,698	+2,157	$10,435,655	+14.8%	1.36%
KMB	Kimberly Clark Corp Consumer Defensive	Added	105,250	+54,479	$10,153,467	+98.2%	1.32%
PEP	Pepsico Inc Consumer Defensive	Added	65,380	+24	$10,152,859	+8.2%	1.32%
GSK	GSK plc Healthcare	Reduced	182,228	-1,972	$10,057,162	+11.3%	1.31%
LYB	LyondellBasell Industries N.V. Basic Materials	Reduced	118,013	-5,690	$9,507,126	+77.5%	1.24%
T	At&T Inc. Communication Services	Reduced	326,659	-584	$9,469,843	+16.5%	1.23%
PRU	Prudential Financial Inc Financial Services	Added	96,775	+11,343	$9,453,948	−2.0%	1.23%
ARCC	Ares Capital Corp Financial Services	Reduced	517,344	-17,242	$9,322,538	−13.8%	1.21%
DOW	Dow Inc. Basic Materials	Reduced	215,197	-31,757	$8,962,954	+55.2%	1.16%
KMI	Kinder Morgan, Inc. Energy	Reduced	260,082	-5,704	$8,720,549	+19.4%	1.13%
HPE	Hewlett Packard Enterprise Co Technology	Added	346,070	+19,352	$8,239,926	+5.0%	1.07%
KHC	Kraft Heinz Co Consumer Defensive	Added	338,100	+3,576	$7,603,868	−6.3%	0.99%
VTRS	Viatris Inc Healthcare	Reduced	535,974	-16,676	$7,241,008	+5.2%	0.94%
AVGO	Broadcom Inc. Technology	Added	21,258	+1,358	$6,579,563	−4.5%	0.85%
JPM	Jpmorgan Chase & Co Financial Services	Added	20,701	+569	$6,089,406	−6.1%	0.79%
BX	Blackstone Inc. Financial Services	NEW	52,871	NEW	$6,079,635	NEW	0.79%
CCI	Crown Castle Inc. Real Estate	Added	73,854	+805	$6,005,068	−7.5%	0.78%
BXSL	Blackstone Secured Lending Fund Financial Services	NEW	232,851	NEW	$5,516,239	NEW	0.72%
SWKS	Skyworks Solutions, Inc. Technology	NEW	101,668	NEW	$5,444,321	NEW	0.71%
CAG	Conagra Brands Inc. Consumer Defensive	Reduced	342,700	-30,577	$5,387,243	−16.6%	0.70%
GIS	General Mills Inc Consumer Defensive	NEW	141,159	NEW	$5,253,937	NEW	0.68%
V	Visa Inc. Financial Services	Added	17,311	+508	$5,232,076	−11.2%	0.68%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	13,556	+613	$4,581,250	+16.5%	0.60%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	29,153	-370	$4,210,859	−0.5%	0.55%
TSLA	Tesla, Inc. Consumer Cyclical	Added	11,140	+109	$4,141,295	−16.5%	0.54%
MCD	Mcdonalds Corp Consumer Cyclical	Added	11,749	+728	$3,651,471	+8.4%	0.47%
ORCL	Oracle Corp Technology	Added	20,643	+13,168	$3,036,791	+108.4%	0.39%