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Bell Bank — 13F Holdings & Portfolio

CIK 1002672 · latest 13F-HR filed 2026-07-16

Backtest portfolio

Bell Bank manages $2.62B in 13F-reported U.S. long-equity assets across 240 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VTV (13.21%), IEFA (12.98%), VUG (11.83%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 21 new positions and exited 14; 118 existing positions rose in reported value and 26 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$2.62B

Long-equity book

Holdings
240

Distinct positions

Period
2026-06-30

Filed 2026-07-16

Q/Q Activity
+21 / −14 / ↑118 / ↓26

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
VTV13.2% · -2%IEFA13.0% · -1%VUG11.8% · +492%QQQ10.0% · -1%RSP4.9% · -2%VTI4.8% · -1%VOO3.9% · +1%SPYV3.9% · -3%AGG2.7% · +8%JAAA1.8% · +92%VMBS1.7% · +8%NVDA1.4% · +1%BILS1.4% · -40%SPY0.7% · +1%BIL0.7% · -47%MSFT0.7% · +3%STX0.7% · -50%CSCO0.6% · -1%AAPL0.6% · +4%HPE0.6% · +5%AMZN0.6% · +2%IBM0.6% · +5%RIO0.6% · +3%GOOGL0.6% · +1%CVX0.5% · +2%ABBV0.5% · +1%SO0.5% · +7%XOM0.5% · +1%ADM0.5% · +3%GOOG0.5% · +5%TRP0.5% · +2%META0.5% · +2%AMGN0.5% · +4%UPS0.5% · +2%PFE0.4% · +2%KMB0.4% · -3%PRU0.4% · +6%PG0.4% · +149%DUK0.4% · +4%VZ0.4% · -4%GILD0.4% · +3%ARCC0.4% · -0%GSK0.4% · -0%PEP0.4% · +4%SWK0.3% · newKHC0.3% · +11%HPQ0.3% · newKMI0.3% · +2%AVGO0.3% · +3%SWKS0.3% · +18%IP0.3% · +1802%JPM0.3% · +7%BX0.3% · +11%T0.3% · +0%TSM0.3% · +4%CCI0.2% · +14%AMD0.2% · +2%CLX0.2% · newV0.2% · +1%GIS0.2% · +19%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 70%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Bell Bank Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD INDEX FDS VTV 922908744 $346.2M 13.21% 1,588,786 SH
2 ISHARES TR IEFA 46432F842 $340.3M 12.98% 3,523,380 SH
3 VANGUARD INDEX FDS VUG 922908736 $310.0M 11.83% 3,599,155 SH
4 INVESCO QQQ TR QQQ 46090E103 $261.8M 9.98% 355,454 SH
5 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $128.6M 4.91% 604,619 SH
6 VANGUARD INDEX FDS VTI 922908769 $125.1M 4.77% 338,086 SH
7 VANGUARD INDEX FDS VOO 922908363 $103.1M 3.93% 150,091 SH
8 SPDR SERIES TRUST SPYV 78464A508 $103.0M 3.93% 1,694,530 SH
9 ISHARES TR AGG 464287226 $69.9M 2.67% 706,210 SH
10 JANUS DETROIT STR TR JAAA 47103U845 $46.4M 1.77% 918,178 SH
11 VANGUARD SCOTTSDALE FDS VMBS 92206C771 $45.3M 1.73% 967,415 SH
12 NVIDIA CORPORATION NVDA 67066G104 $37.6M 1.43% 187,692 SH
13 SPDR SERIES TRUST BILS 78468R523 $36.0M 1.37% 362,042 SH
14 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $19.6M 0.75% 26,270 SH
15 SPDR SERIES TRUST BIL 78468R663 $18.0M 0.69% 196,187 SH
16 MICROSOFT CORP MSFT 594918104 $17.4M 0.66% 46,554 SH
17 SEAGATE TECHNOLOGY HLDNGS PL STX G7997R103 $17.1M 0.65% 17,772 SH
18 CISCO SYS INC CSCO 17275R102 $16.9M 0.64% 143,746 SH
19 APPLE INC AAPL 037833100 $16.5M 0.63% 57,147 SH
20 HEWLETT PACKARD ENTERPRISE C HPE 42824C109 $16.4M 0.63% 364,244 SH
21 AMAZON COM INC AMZN 023135106 $16.0M 0.61% 67,017 SH
22 INTERNATIONAL BUSINESS MACHS IBM 459200101 $14.8M 0.57% 52,775 SH
23 RIO TINTO PLC RIO 767204100 $14.6M 0.56% 153,383 SH
24 ALPHABET INC GOOGL 02079K305 $14.6M 0.56% 40,741 SH
25 CHEVRON CORPORATION CVX 166764100 $14.0M 0.53% 84,188 SH
26 ABBVIE INC ABBV 00287Y109 $13.6M 0.52% 53,895 SH
27 SOUTHERN CO SO 842587107 $13.4M 0.51% 139,996 SH
28 EXXON MOBIL CORP XOM 30231G102 $13.1M 0.50% 95,568 SH
29 ARCHER DANIELS MIDLAND CO ADM 039483102 $12.8M 0.49% 168,154 SH
30 ALPHABET INC GOOG 02079K107 $12.4M 0.47% 35,005 SH
31 META PLATFORMS INC META 30303M102 $12.3M 0.47% 21,773 SH
32 TC ENERGY CORP TRP 87807B107 $12.3M 0.47% 184,828 SH
33 AMGEN INC AMGN 031162100 $12.2M 0.46% 33,632 SH
34 UNITED PARCEL SVCS INC UPS 911312106 $12.1M 0.46% 112,792 SH
35 PFIZER INC PFE 717081103 $11.7M 0.44% 483,804 SH
36 KIMBERLY-CLARK CORP KMB 494368103 $11.1M 0.43% 101,569 SH
37 PRUDENTIAL FINL INC PRU 744320102 $11.0M 0.42% 101,969 SH
38 PROCTER & GAMBLE CO PG 742718109 $10.7M 0.41% 72,673 SH
39 DUKE ENERGY CORP NEW DUK 26441C204 $10.5M 0.40% 82,559 SH
40 VERIZON COMMUNICATIONS INC VZ 92343V104 $10.0M 0.38% 237,206 SH
41 GILEAD SCIENCES INC GILD 375558103 $9.9M 0.38% 78,539 SH
42 ARES CAPITAL CORP ARCC 04010L103 $9.5M 0.36% 515,141 SH
43 GSK PLC GSK 37733W204 $9.5M 0.36% 181,030 SH
44 PEPSICO INC PEP 713448108 $9.2M 0.35% 68,068 SH
45 STANLEY BLACK & DECKER INC SWK 854502101 $9.0M 0.34% 95,293 SH
46 KRAFT HEINZ CO KHC 500754106 $8.9M 0.34% 374,859 SH
47 HP INC HPQ 40434L105 $8.7M 0.33% 397,420 SH
48 KINDER MORGAN INC DEL KMI 49456B101 $8.4M 0.32% 263,966 SH
49 BROADCOM INC AVGO 11135F101 $8.3M 0.32% 21,939 SH
50 SKYWORKS SOLUTIONS INC SWKS 83088M102 $8.1M 0.31% 119,573 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-16 $2.62B 240 0001062993-26-003684
2026-03-31 2026-04-23 $2.36B 232 0001062993-26-002112
2025-12-31 2026-01-14 $2.34B 236 0001062993-26-000244
Filer Information
Address
520 MAIN AVENUE
FARGO, ND 58103
Phone
(701) 451-3015
Filing Manager
Bell Bank
FARGO, ND
Signatory
Miranda Seeger
VP/Wealth Operations Manager