Bremer Bank National Association

Bank

CIK

1775321

Location

ST PAUL, MN

Portfolio Value

Small $342,651,127

Diversification

Diversified

Filing Date

Global Rank

#2,883 / 7,988 ▲ 225 · as of Mar 2025

Top Industry

Semiconductors 10.5%

3Y Alpha vs SPY

-3.9%

Period ended 1 year ago

Filed Apr 10, 2025 · 1y

21 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

+59.4%

SPY

+76.7%

Annualised alpha

-4.1%

Max drawdown

−20.4%

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

118 positions · as of Mar 31, 2025 · Δ vs Dec 31, 2024

Top Position

15.5%

+4.8 pts

Top 5

31.2%

+1.5 pts

Top 10

43.3%

+0.3 pts

HHI

408

Diversified+87

Portfolio Trend

21 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2025

Sector	% Portfolio	Value	Positions
Technology	25.4%	$86,989,316	22
Unclassified	17.7%	$60,727,878	5
Healthcare	11.3%	$38,549,054	19
Financial Services	10.5%	$36,092,770	15
Consumer Cyclical	8.5%	$29,064,323	13
Industrials	7.2%	$24,788,563	14
Consumer Defensive	6.0%	$20,724,923	9
Communication Services	5.3%	$18,207,686	5
Energy	3.1%	$10,722,379	4
Utilities	1.9%	$6,425,186	6
Basic Materials	1.9%	$6,420,808	3
Real Estate	1.1%	$3,938,241	3

Last Quarter's Activity

Export CSV

Mar 31, 2025 vs Dec 31, 2024

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ORCL	Oracle Corp	+39,399	43,616	$6,097,952
SPY	Spdr S&P 500 ETF Trust	+37,525	94,643	$52,942,347
CMG	Chipotle Mexican Grill Inc	+11,678	160,128	$8,040,026
GEHC	GE HealthCare Technologies Inc.	+10,107	73,940	$5,967,696
KR	Kroger Co	+6,036	76,667	$5,189,588
AAPL	Apple Inc.	+4,838	85,676	$19,031,209
FIS	Fidelity National Information Services, Inc.	+4,507	60,424	$4,512,464
SHEL	Shell plc	+3,791	64,926	$4,757,776
SO	Southern Co	+3,622	52,595	$4,836,109
PSX	Phillips 66	+3,588	40,553	$5,007,483
DD	DuPont de Nemours, Inc.	+3,440	61,855	$5,798,324
DKS	Dick's Sporting Goods, Inc.	+2,951	29,360	$5,917,801
IBM	International Business Machines Corp	+2,730	26,727	$6,645,935
PG	PROCTER & GAMBLE Co	+2,702	32,044	$5,460,938
BX	Blackstone Inc.	+2,591	45,717	$6,390,321
USB	US Bancorp De	+2,344	11,674	$492,876
J	Jacobs Solutions Inc.	+2,223	28,964	$3,466,790
TOL	Toll Brothers, Inc.	+2,046	31,008	$3,274,134
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+1,977	59,832	$9,932,112
TMUS	T-Mobile US, Inc.	+1,905	30,069	$8,019,702
LULU	lululemon athletica inc.	+1,895	16,375	$4,635,107
NXPI	NXP Semiconductors N.V.	+1,661	20,638	$3,922,457
PWR	Quanta Services, Inc.	+1,649	20,854	$5,300,669
UNP	Union Pacific Corp	+1,649	18,731	$4,425,010
AVGO	Broadcom Inc.	+1,560	5,006	$838,154
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MRK	Merck & Co., Inc.	−44,847	6,850	$614,855
NVDA	Nvidia Corp	−3,121	129,415	$14,025,997
KO	Coca Cola Co	−879	3,248	$232,621
MCK	Mckesson Corp	−638	307	$206,607
CSCO	Cisco Systems, Inc.	−512	18,070	$1,115,099
XOM	ExxonMobil Holdings Corp	−310	3,721	$442,537
ABT	Abbott Laboratories	−303	7,660	$1,016,098
NKE	NIKE, Inc.	−275	5,263	$334,094
ON	On Semiconductor Corp	−263	18,358	$746,986
DE	Deere & Co	−262	1,528	$717,165
NEE	Nextera Energy Inc	−245	5,670	$401,945
PYPL	PayPal Holdings, Inc.	−236	3,699	$241,359
CMCSA	Comcast Corp	−217	12,919	$446,775
TEL	TE Connectivity plc	−211	1,706	$241,091
CVX	Chevron Corp	−192	3,076	$514,583
ADBE	Adobe Inc.	−191	1,235	$473,659
EBAY	Ebay Inc	−173	3,913	$265,026
PFE	Pfizer Inc	−134	13,333	$337,858
WMT	Walmart Inc.	−105	7,756	$680,898
DOV	DOVER Corp	−104	1,267	$222,585
MDLZ	Mondelez International, Inc.	−63	4,229	$286,937
ACN	Accenture plc	−62	770	$240,270
ABBV	AbbVie Inc.	−57	3,200	$670,463
ELV	Elevance Health, Inc.	−56	1,788	$777,708
FFIV	F5, Inc.	−42	1,465	$390,084
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
ANET	Arista Networks, Inc.	96,698	$7,492,160
ZTS	Zoetis Inc.	32,120	$5,288,557
DGX	Quest Diagnostics Inc	23,161	$3,918,840
BLK	BlackRock, Inc.	651	$616,158
TJX	Tjx Companies Inc /De/	1,707	$207,911
COR	Cencora, Inc.	734	$204,118
SLV	iShares Silver Trust	6,490	$201,124
BMY	Bristol Myers Squibb Co	3,283	$200,230
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
MAR	Marriott International Inc /Md/	16,345	$4,559,274
NVO	Novo Nordisk A S	49,479	$4,256,183
TSLA	Tesla, Inc.	663	$267,745
CMI	Cummins Inc	618	$215,434
ALL	Allstate Corp	1,061	$204,550
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

118 positions · $342,651,127 total · as of Mar 31, 2025

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

Showing 1–50 of 118 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	94,643	+37,525	$52,942,347	+58.2%	15.45%
AAPL	Apple Inc. Technology	Added	85,676	+4,838	$19,031,209	−6.0%	5.55%
NVDA	Nvidia Corp Technology	Reduced	129,415	-3,121	$14,025,997	−21.2%	4.09%
LLY	ELI LILLY & Co Healthcare	Added	13,339	+554	$11,016,813	+11.6%	3.22%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	59,832	+1,977	$9,932,112	−13.1%	2.90%
MSFT	Microsoft Corp Technology	Added	25,561	+1,102	$9,595,343	−6.9%	2.80%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	Added	160,128	+11,678	$8,040,026	−10.2%	2.35%
TMUS	T-Mobile US, Inc. Communication Services	Added	30,069	+1,905	$8,019,702	+29.0%	2.34%
AMP	Ameriprise Financial Inc Financial Services	Added	16,224	+890	$7,854,199	−3.8%	2.29%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	8,206	+703	$7,761,070	+12.9%	2.27%
ANET	Arista Networks, Inc. Technology	NEW	96,698	NEW	$7,492,160	NEW	2.19%
META	Meta Platforms, Inc. Communication Services	Added	11,872	+926	$6,842,545	+6.8%	2.00%
TT	Trane Technologies plc Industrials	Added	20,173	+1,333	$6,796,686	−2.3%	1.98%
IBM	International Business Machines Corp Technology	Added	26,727	+2,730	$6,645,935	+26.0%	1.94%
BX	Blackstone Inc. Financial Services	Added	45,717	+2,591	$6,390,321	−14.1%	1.86%
AXP	American Express Co Financial Services	Added	23,558	+1,106	$6,338,278	−4.9%	1.85%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Held	14,934	0	$6,270,487	−1.3%	1.83%
ORCL	Oracle Corp Technology	Added	43,616	+39,399	$6,097,952	+767.8%	1.78%
GEHC	GE HealthCare Technologies Inc. Healthcare	Added	73,940	+10,107	$5,967,696	+19.6%	1.74%
DKS	Dick's Sporting Goods, Inc. Consumer Cyclical	Added	29,360	+2,951	$5,917,801	−2.1%	1.73%
DD	DuPont de Nemours, Inc. Basic Materials	Added	61,855	+3,440	$5,798,324	+3.7%	1.69%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	32,044	+2,702	$5,460,938	+11.0%	1.59%
PWR	Quanta Services, Inc. Industrials	Added	20,854	+1,649	$5,300,669	−12.7%	1.55%
ZTS	Zoetis Inc. Healthcare	NEW	32,120	NEW	$5,288,557	NEW	1.54%
MA	Mastercard Inc Financial Services	Added	9,642	+586	$5,284,972	+10.8%	1.54%
KR	Kroger Co Consumer Defensive	Added	76,667	+6,036	$5,189,588	+20.2%	1.51%
PSX	Phillips 66 Energy	Added	40,553	+3,588	$5,007,483	+18.9%	1.46%
SO	Southern Co Utilities	Added	52,595	+3,622	$4,836,109	+20.0%	1.41%
SHEL	Shell plc Energy	Added	64,926	+3,791	$4,757,776	+24.2%	1.39%
LULU	lululemon athletica inc. Consumer Cyclical	Added	16,375	+1,895	$4,635,107	−16.3%	1.35%
FIS	Fidelity National Information Services, Inc. Technology	Added	60,424	+4,507	$4,512,464	−0.1%	1.32%
UNP	Union Pacific Corp Industrials	Added	18,731	+1,649	$4,425,010	+13.6%	1.29%
AMGN	Amgen Inc Healthcare	Added	13,633	+1,104	$4,247,360	+30.1%	1.24%
NXPI	NXP Semiconductors N.V. Technology	Added	20,638	+1,661	$3,922,457	−0.6%	1.14%
DGX	Quest Diagnostics Inc Healthcare	NEW	23,161	NEW	$3,918,840	NEW	1.14%
JPM	Jpmorgan Chase & Co Financial Services	Added	14,873	+74	$3,648,346	+2.8%	1.06%
J	Jacobs Solutions Inc. Industrials	Added	28,964	+2,223	$3,466,790	−2.0%	1.01%
TOL	Toll Brothers, Inc. Consumer Cyclical	Added	31,008	+2,046	$3,274,134	−10.2%	0.96%
AVB	Avalonbay Communities Inc Real Estate	Added	14,561	+973	$3,125,081	+4.6%	0.91%
AMZN	Amazon Com Inc Consumer Cyclical	Added	11,437	+286	$2,176,002	−11.1%	0.64%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	3,861	+10	$2,056,290	+17.8%	0.60%
GOOGL	Alphabet Inc. Communication Services	Added	12,619	+615	$1,951,401	−14.1%	0.57%
HD	Home Depot, Inc. Consumer Cyclical	Added	4,315	+7	$1,581,403	−5.6%	0.46%
NVR	Nvr Inc Consumer Cyclical	Held	203	0	$1,470,610	−11.4%	0.43%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	2,718	+138	$1,352,476	+0.8%	0.39%
UNH	Unitedhealth Group Inc Healthcare	Added	2,430	+250	$1,272,712	+15.4%	0.37%
CSCO	Cisco Systems, Inc. Technology	Reduced	18,070	-512	$1,115,099	+1.4%	0.33%
ABT	Abbott Laboratories Healthcare	Reduced	7,660	-303	$1,016,098	+12.8%	0.30%
MDY	Spdr S&P Midcap 400 ETF Trust	Held	1,858	0	$991,204	−6.3%	0.29%
NFLX	Netflix Inc Communication Services	Added	10,158	+364	$947,263	+8.5%	0.28%