Top Institutional Investors

Bellwether Advisors, LLC — 13F Holdings & Portfolio

CIK 1819815 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Bellwether Advisors, LLC manages $675.0M in 13F-reported U.S. long-equity assets across 167 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are XLK (10.61%), IVV (6.52%), VEA (4.87%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 45 new positions and exited 37; 71 existing positions rose in reported value and 34 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.

Loading holdings…
AUM
$675.0M

Long-equity book

Holdings
167

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+45 / −37 / ↑71 / ↓34

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
XLK10.6% · +12%IVV6.5% · +3%VEA4.9% · newXLI4.2% · -34%XLV3.3% · +50%XLY3.3% · +0%IEMG2.9% · newXLC2.7% · +57%BRK.B2.1% · -6%PJAN2.1% · -1%XLF1.8% · -65%PDEC1.6% · -2%USMV1.5% · +2%XLE1.5% · +440%IXN1.4% · +4%PAPR1.4% · +3%PJUL1.2% · +252%IJH1.2% · +4%VFH1.1% · newXLB1.1% · -78%PJUN1.1% · +49%XLP1.1% · -15%ABBV1.1% · -7%IJR1.1% · +4%VDE1.0% · newHRSK1.0% · newMTUM1.0% · +6%MU1.0% · +20%WDC1.0% · -66%URI1.0% · 0%SPY0.9% · -0%PMAR0.9% · -0%PNOV0.9% · 0%PSEP0.9% · 0%HPE0.8% · newFSTA0.8% · -11%AVGO0.7% · -63%GLD0.7% · -52%GLW0.6% · newBJUL0.6% · -1%PAUG0.6% · 0%IXUS0.6% · 0%EME0.5% · -9%IAU0.5% · -41%SNDK0.5% · newBFEB0.5% · -2%CW0.5% · newHUM0.5% · newINTC0.5% · -28%LLY0.5% · +50%FLEX0.5% · newDELL0.5% · newMSFT0.5% · -13%UNH0.5% · newXLRE0.4% · newNBIS0.4% · newGOOG0.4% · -42%KEYS0.4% · newIVW0.4% · +6%STX0.4% · new

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

6 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 = 42.6%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Sep 4, 2026.

Assets Under Management
$784.0M
Discretionary
$782.8M
Employees
12
Accounts
1,461
Address
140 NORTH 8TH STREET
SUITE 210
LINCOLN, NE 68058
Phone
(402) 476-8844
Website
Name Title / Status Ownership Type
BELLIN, CLARK, SPENGLER ControlPRINCIPAL
since Dec 2018
Less than 5%Individual
CLARK BELLIN REVOCABLE TRUST ControlOWNER
since Jan 2023
75% or moreForeign Entity
SHAVER, LEILA, MEHRIZICHIEF COMPLIANCE OFFICER
since Mar 2025
Less than 5%Individual
BELLIN, CLARK, SPENGLER Control
Indirect owner via CLARK BELLIN REVOCABLE TRUST
TRUSTEE
since Jan 2023
75% or moreIndividual
Ownership & leadership changes · 2 filings with changes since Dec 18, 2018

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 29, 2025 filing
  • AddedSHAVER, LEILA, MEHRIZI · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedBELLIN, CLARK, SPENGLER · title CHIEF COMPLIANCE OFFICER → PRINCIPAL
Jan 5, 2023 filing
  • AddedBELLIN, CLARK, SPENGLER · TRUSTEE · 75% or more · indirect via CLARK BELLIN REVOCABLE TRUST · control person
  • AddedCLARK BELLIN REVOCABLE TRUST · OWNER · 75% or more · control person
  • ChangedBELLIN, CLARK, SPENGLER · title MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER; ownership 75% or more → Less than 5%
Dec 18, 2018 filing (earliest on record)
  • ListedBELLIN, CLARK, SPENGLER · MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER · 75% or more · control person

Quarter-over-quarter changes

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

Bellwether Advisors, LLC 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 SELECT SECTOR SPDR TR XLK 81369Y803 $71.7M 10.61% 376,090 SH
2 ISHARES TR IVV 464287200 $44.0M 6.52% 58,738 SH
3 VANGUARD TAX-MANAGED FDS VEA 921943858 $32.8M 4.87% 461,032 SH
4 SELECT SECTOR SPDR TR XLI 81369Y704 $28.3M 4.19% 152,772 SH
5 SELECT SECTOR SPDR TR XLV 81369Y209 $22.6M 3.34% 142,132 SH
6 SELECT SECTOR SPDR TR XLY 81369Y407 $22.5M 3.33% 191,679 SH
7 ISHARES INC IEMG 46434G103 $19.5M 2.89% 235,732 SH
8 SELECT SECTOR SPDR TR XLC 81369Y852 $18.3M 2.71% 170,958 SH
9 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $14.2M 2.11% 28,442 SH
10 INNOVATOR ETFS TRUST PJAN 45782C508 $13.9M 2.06% 280,308 SH
11 SELECT SECTOR SPDR TR XLF 81369Y605 $12.0M 1.78% 224,737 SH
12 INNOVATOR ETFS TRUST PDEC 45782C540 $10.8M 1.60% 235,490 SH
13 ISHARES TR USMV 46429B697 $10.2M 1.51% 105,891 SH
14 SELECT SECTOR SPDR TR XLE 81369Y506 $9.9M 1.47% 186,936 SH
15 ISHARES TR IXN 464287291 $9.6M 1.43% 66,780 SH
16 INNOVATOR ETFS TRUST PAPR 45782C870 $9.2M 1.37% 218,580 SH
17 INNOVATOR ETFS TRUST PJUL 45782C813 $8.0M 1.18% 163,173 SH
18 ISHARES TR IJH 464287507 $7.8M 1.15% 101,003 SH
19 VANGUARD WORLD FD VFH 92204A405 $7.6M 1.13% 58,048 SH
20 SELECT SECTOR SPDR TR XLB 81369Y100 $7.5M 1.11% 147,758 SH
21 INNOVATOR ETFS TRUST PJUN 45782C748 $7.4M 1.10% 171,305 SH
22 SELECT SECTOR SPDR TR XLP 81369Y308 $7.4M 1.09% 88,928 SH
23 ABBVIE INC ABBV 00287Y109 $7.4M 1.09% 29,305 SH
24 ISHARES TR IJR 464287804 $7.3M 1.08% 48,973 SH
25 VANGUARD WORLD FD VDE 92204A306 $6.9M 1.02% 45,967 SH
26 NORTHERN LIGHTS FD TR HRSK 66538J241 $6.8M 1.01% 270,024 SH
27 ISHARES TR MTUM 46432F396 $6.8M 1.00% 19,694 SH
28 MICRON TECHNOLOGY INC MU 595112103 $6.7M 1.00% 5,843 SH
29 WESTERN DIGITAL CORP WDC 958102105 $6.7M 1.00% 10,536 SH
30 UNITED RENTALS INC URI 911363109 $6.6M 0.98% 5,843 SH
31 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $6.3M 0.93% 8,375 SH
32 INNOVATOR ETFS TRUST PMAR 45782C383 $6.2M 0.92% 129,657 SH
33 INNOVATOR ETFS TRUST PNOV 45782C573 $6.0M 0.89% 134,829 SH
34 INNOVATOR ETFS TRUST PSEP 45782C656 $5.8M 0.86% 126,367 SH
35 HEWLETT PACKARD ENTERPRISE C HPE 42824C109 $5.5M 0.81% 121,042 SH
36 FIDELITY COVINGTON TRUST FSTA 316092303 $5.2M 0.77% 98,689 SH
37 BROADCOM INC AVGO 11135F101 $5.0M 0.74% 13,211 SH
38 SPDR GOLD TR GLD 78463V107 $4.8M 0.72% 13,114 SH
39 CORNING INC GLW 219350105 $4.4M 0.65% 17,060 SH
40 INNOVATOR ETFS TRUST BJUL 45782C789 $4.1M 0.60% 74,924 SH
41 INNOVATOR ETFS TRUST PAUG 45782C680 $3.9M 0.57% 84,532 SH
42 ISHARES TR IXUS 46432F834 $3.8M 0.56% 39,313 SH
43 EMCOR GROUP INC EME 29084Q100 $3.7M 0.54% 4,432 SH
44 ISHARES GOLD TR IAU 464285204 $3.5M 0.52% 46,755 SH
45 SANDISK CORP SNDK 80004C200 $3.5M 0.52% 1,539 SH
46 INNOVATOR ETFS TRUST BFEB 45782C433 $3.5M 0.52% 66,453 SH
47 CURTISS WRIGHT CORP CW 231561101 $3.5M 0.51% 4,553 SH
48 HUMANA INC HUM 444859102 $3.4M 0.51% 8,660 SH
49 INTEL CORP INTC 458140100 $3.4M 0.51% 24,556 SH
50 ELI LILLY & CO LLY 532457108 $3.4M 0.50% 2,793 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $675.0M 167 0001819815-26-000003
2026-03-31 2026-05-12 $590.2M 159 0001819815-26-000002
2025-12-31 2026-02-09 $626.6M 134 0001819815-26-000001
2025-09-30 2025-11-12 $604.9M 136 0001819815-25-000006
2024-12-31 2025-02-14 $559.2M 514 0001819815-25-000001
2024-09-30 2024-11-08 $520.6M 125 0001085146-24-005470
Filer Information
Address
140 N 8TH STREET
SUITE 210
LINCOLN, NE 68508
Phone
(402) 476-8844
Filing Manager
Bellwether Advisors, LLC
LINCOLN, NE
Signatory
LEILA SHAVER
COUNSEL