# Bell Bank

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1002672. Source: https://holderbook.com/funds/1002672-bell-bank/

- Reported value: $2.6B
- Positions: 195
- Weight of the ten largest: 70.0%
- Filed: 2026-07-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $346.3M | 1,588,925 | 13.2% | 6 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $340.3M | 3,523,642 | 13.0% | 31 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $310.1M | 3,599,467 | 11.8% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $261.8M | 355,481 | 10.0% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $128.7M | 604,669 | 4.9% | 5 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $125.1M | 338,086 | 4.8% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $103.1M | 150,103 | 3.9% | 25 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $103.0M | 1,694,652 | 3.9% | 7 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $69.9M | 706,220 | 2.7% | 26 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $46.4M | 918,178 | 1.8% | 4 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $45.3M | 967,430 | 1.7% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $37.6M | 187,692 | 1.4% | 31 |
| SPDR SERIES TRUST | [BILS](https://holderbook.com/stocks/BILS/) | $36.0M | 362,045 | 1.4% | 9 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $19.6M | 26,270 | 0.7% | 31 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $18.0M | 196,187 | 0.7% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $17.4M | 46,554 | 0.7% | 31 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $17.2M | 17,792 | 0.7% | 16 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $16.9M | 144,156 | 0.6% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $16.5M | 57,147 | 0.6% | 31 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $16.4M | 364,654 | 0.6% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $16.0M | 67,017 | 0.6% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $14.9M | 52,824 | 0.6% | 31 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $14.6M | 153,586 | 0.6% | 21 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $14.6M | 40,741 | 0.6% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $14.0M | 84,267 | 0.5% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $13.6M | 53,948 | 0.5% | 31 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $13.4M | 140,136 | 0.5% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $13.1M | 95,667 | 0.5% | 31 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $12.9M | 168,360 | 0.5% | 9 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $12.4M | 35,005 | 0.5% | 31 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $12.3M | 185,055 | 0.5% | 25 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $12.3M | 21,773 | 0.5% | 14 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $12.2M | 33,672 | 0.5% | 25 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $12.1M | 112,911 | 0.5% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $11.7M | 484,403 | 0.4% | 31 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $11.2M | 101,680 | 0.4% | 9 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $11.0M | 102,073 | 0.4% | 27 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $10.7M | 72,718 | 0.4% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $10.5M | 82,648 | 0.4% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $10.1M | 237,489 | 0.4% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $9.9M | 78,616 | 0.4% | 18 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $9.6M | 515,804 | 0.4% | 19 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $9.5M | 181,234 | 0.4% | 16 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $9.2M | 68,139 | 0.4% | 31 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $9.0M | 95,411 | 0.3% | 1 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $8.9M | 375,236 | 0.3% | 26 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $8.7M | 397,887 | 0.3% | 1 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $8.4M | 264,295 | 0.3% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $8.3M | 21,939 | 0.3% | 13 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $8.1M | 119,695 | 0.3% | 2 |
| INTERNATIONAL PAPER CO | [IP](https://holderbook.com/stocks/IP/) | $7.5M | 196,995 | 0.3% | 26 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $7.3M | 22,218 | 0.3% | 31 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $6.9M | 58,513 | 0.3% | 2 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $6.8M | 327,514 | 0.3% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $6.7M | 14,031 | 0.3% | 7 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $6.4M | 84,123 | 0.2% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $6.2M | 10,733 | 0.2% | 13 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $6.0M | 63,038 | 0.2% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $6.0M | 17,513 | 0.2% | 31 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $5.9M | 168,302 | 0.2% | 2 |
| CONAGRA BRANDS INC | [CAG](https://holderbook.com/stocks/CAG/) | $5.7M | 426,173 | 0.2% | 12 |
| INVESTMENT MANAGERS SER TR I | [AAA](https://holderbook.com/stocks/AAA/) | $5.0M | 200,000 | 0.2% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $4.7M | 11,212 | 0.2% | 14 |
| VANGUARD MALVERN FDS | [VSDB](https://holderbook.com/stocks/VSDB/) | $4.2M | 55,494 | 0.2% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $4.2M | 3,630 | 0.2% | 6 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.3M | 12,388 | 0.1% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.3M | 22,658 | 0.1% | 31 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $3.2M | 63,641 | 0.1% | 6 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.8M | 5,487 | 0.1% | 31 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $2.7M | 30,216 | 0.1% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.7M | 2,255 | 0.1% | 23 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.6M | 3,654 | 0.1% | 14 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $2.6M | 81,811 | 0.1% | 8 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $2.6M | 35,594 | 0.1% | 4 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.6M | 35,846 | 0.1% | 23 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.5M | 22,265 | 0.1% | 24 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $2.5M | 43,557 | 0.1% | 12 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.4M | 2,566 | 0.1% | 19 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.4M | 29,351 | 0.1% | 19 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.3M | 6,482 | 0.1% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.1M | 9,597 | 0.1% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.0M | 1,865 | 0.1% | 25 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $1.9M | 23,749 | 0.1% | 7 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.9M | 13,470 | 0.1% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.8M | 2,418 | 0.1% | 10 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $1.6M | 46,675 | 0.1% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.6M | 22,023 | 0.1% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $1.5M | 8,899 | 0.1% | 5 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $1.5M | 3,784 | 0.1% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.5M | 9,365 | 0.1% | 18 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $1.5M | 11,171 | 0.1% | 28 |
| INDEPENDENCE RLTY TR INC | [IRT](https://holderbook.com/stocks/IRT/) | $1.5M | 88,006 | 0.1% | 18 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.3M | 2,669 | 0.1% | 23 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.3M | 5,046 | 0.0% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.2M | 3,648 | 0.0% | 10 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.2M | 10,248 | 0.0% | 25 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.2M | 1,578 | 0.0% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [FDL](https://holderbook.com/stocks/FDL/) | $1.2M | 24,302 | 0.0% | 7 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.2M | 7,256 | 0.0% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.2M | 20,496 | 0.0% | 23 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.6% | +14.8% | -3.3% | 100% |
| Q1 2026 | -1.0% | -4.6% | +3.6% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.2% | 100% |
| Q3 2025 | +6.3% | +7.8% | -1.5% | 100% |
| Q2 2025 | +8.1% | +10.5% | -2.3% | 100% |
| Q1 2025 | -0.3% | -4.6% | +4.3% | 100% |
| Q4 2024 | -1.7% | +2.1% | -3.9% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.6B | 195 |
| Q1 2026 | $2.4B | 188 |
| Q4 2025 | $2.3B | 194 |
| Q3 2025 | $2.3B | 198 |
| Q2 2025 | $2.1B | 198 |
| Q1 2025 | $1.9B | 186 |
| Q4 2024 | $1.3B | 190 |
| Q3 2024 | $845.2M | 177 |
| Q2 2024 | $1.2B | 188 |
| Q1 2024 | $1.2B | 184 |
| Q4 2023 | $1.0B | 173 |
| Q3 2023 | $913.7M | 180 |