# Allied Investment Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1729869. Source: https://holderbook.com/funds/1729869-allied-investment-advisors-llc/

- Reported value: $796.5M
- Positions: 110
- Weight of the ten largest: 35.8%
- Filed: 2026-07-20

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 |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $59.3M | 1,871,398 | 7.5% | 10 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $54.1M | 180,940 | 6.8% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $25.4M | 68,125 | 3.2% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $23.1M | 70,656 | 2.9% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $21.4M | 20,083 | 2.7% | 31 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $21.3M | 273,991 | 2.7% | 1 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $20.8M | 122,745 | 2.6% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $20.8M | 20,549 | 2.6% | 15 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $19.3M | 75,978 | 2.4% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $19.2M | 101,187 | 2.4% | 25 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $19.1M | 30,107 | 2.4% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $19.0M | 334,060 | 2.4% | 31 |
| AAON INC | [AAON](https://holderbook.com/stocks/AAON/) | $19.0M | 149,761 | 2.4% | 30 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $17.9M | 91,546 | 2.2% | 12 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $17.5M | 128,268 | 2.2% | 1 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $17.4M | 209,957 | 2.2% | 31 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $16.9M | 279,232 | 2.1% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $15.8M | 204,343 | 2.0% | 18 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $15.6M | 93,947 | 2.0% | 31 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $15.4M | 49,256 | 1.9% | 30 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $15.2M | 171,665 | 1.9% | 7 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $15.0M | 192,577 | 1.9% | 2 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $14.7M | 90,579 | 1.8% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $14.6M | 66,389 | 1.8% | 31 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $14.4M | 172,615 | 1.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $13.8M | 47,590 | 1.7% | 31 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $13.7M | 104,850 | 1.7% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $13.4M | 91,467 | 1.7% | 31 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $13.4M | 215,880 | 1.7% | 4 |
| AMRIZE LTD | [AMRZ](https://holderbook.com/stocks/AMRZ/) | $12.8M | 240,449 | 1.6% | 4 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $12.7M | 24,963 | 1.6% | 21 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $12.5M | 114,079 | 1.6% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $12.1M | 153,415 | 1.5% | 1 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $12.1M | 102,470 | 1.5% | 6 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $11.9M | 155,473 | 1.5% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $11.7M | 86,661 | 1.5% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $11.6M | 148,273 | 1.5% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $11.2M | 123,081 | 1.4% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $11.0M | 50,917 | 1.4% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $10.8M | 449,358 | 1.4% | 21 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $10.8M | 150,535 | 1.4% | 25 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $10.0M | 123,872 | 1.3% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $8.1M | 21,872 | 1.0% | 6 |
| ISHARES INC | [PICK](https://holderbook.com/stocks/PICK/) | $4.1M | 70,114 | 0.5% | 3 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $3.5M | 24,226 | 0.4% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.6M | 6,957 | 0.3% | 6 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.3M | 20,284 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.8M | 8,449 | 0.2% | 7 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.8M | 15,392 | 0.2% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.8M | 3,636 | 0.2% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.8M | 8,870 | 0.2% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $1.5M | 2 | 0.2% | 31 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $1.4M | 25,204 | 0.2% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.4M | 5,007 | 0.2% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.3M | 3,721 | 0.2% | 23 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.3M | 1,398 | 0.2% | 10 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $959.1K | 2,539 | 0.1% | 5 |
| GLACIER BANCORP INC NEW | [GBCI](https://holderbook.com/stocks/GBCI/) | $958.2K | 18,577 | 0.1% | 31 |
| EVERUS CONSTR GROUP | [ECG](https://holderbook.com/stocks/ECG/) | $938.6K | 5,656 | 0.1% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $931.2K | 1,247 | 0.1% | 11 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $913.8K | 12,200 | 0.1% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $858.6K | 2,430 | 0.1% | 5 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $838.3K | 1,443 | 0.1% | 5 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $814.9K | 6,342 | 0.1% | 21 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $768.2K | 3,223 | 0.1% | 13 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $727.3K | 7,117 | 0.1% | 31 |
| FEDEX FGHT HLDG CO INC | - | $725.7K | 4,806 | 0.1% | 1 |
| EAGLE BANCORP MONT INC | [EBMT](https://holderbook.com/stocks/EBMT/) | $710.0K | 29,669 | 0.1% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $695.1K | 1,971 | 0.1% | 31 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $635.2K | 7,752 | 0.1% | 13 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $576.8K | 2,292 | 0.1% | 11 |
| FIRST INTST BANCSYSTEM INC | [FIBK](https://holderbook.com/stocks/FIBK/) | $545.9K | 14,158 | 0.1% | 30 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $529.5K | 4,508 | 0.1% | 4 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $522.3K | 3,732 | 0.1% | 10 |
| MDU RES GROUP INC | [MDU](https://holderbook.com/stocks/MDU/) | $477.2K | 22,501 | 0.1% | 9 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $433.0K | 12,439 | 0.1% | 21 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $419.2K | 1,827 | 0.1% | 4 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $394.4K | 1,544 | 0.0% | 2 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $390.0K | 4,436 | 0.0% | 4 |
| KNIFE RIVER CORP | [KNF](https://holderbook.com/stocks/KNF/) | $386.5K | 4,621 | 0.0% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $381.3K | 677 | 0.0% | 9 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $373.6K | 311 | 0.0% | 10 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $361.9K | 479 | 0.0% | 4 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $334.5K | 989 | 0.0% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $334.0K | 446 | 0.0% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $301.7K | 1,116 | 0.0% | 25 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $300.5K | 2,050 | 0.0% | 9 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $297.5K | 820 | 0.0% | 13 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $294.6K | 413 | 0.0% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $291.6K | 396 | 0.0% | 4 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $284.5K | 2,737 | 0.0% | 6 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $280.4K | 778 | 0.0% | 15 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $272.8K | 908 | 0.0% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $270.9K | 644 | 0.0% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $254.6K | 612 | 0.0% | 1 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $245.2K | 1,863 | 0.0% | 12 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $243.5K | 2,639 | 0.0% | 4 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $242.4K | 2,449 | 0.0% | 8 |
| MUELLER INDS INC | [MLI](https://holderbook.com/stocks/MLI/) | $241.8K | 1,967 | 0.0% | 3 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $234.6K | 3,281 | 0.0% | 3 |

## 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 | +5.3% | +14.8% | -9.5% | 100% |
| Q1 2026 | +2.8% | -4.6% | +7.5% | 100% |
| Q4 2025 | +2.4% | +2.4% | +0.1% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.4% | 100% |
| Q2 2025 | +2.9% | +10.5% | -7.6% | 100% |
| Q1 2025 | -0.5% | -4.6% | +4.0% | 100% |
| Q4 2024 | -2.0% | +2.1% | -4.1% | 100% |
| Q3 2024 | +7.3% | +5.4% | +1.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $796.5M | 110 |
| Q1 2026 | $697.4M | 100 |
| Q4 2025 | $646.8M | 102 |
| Q3 2025 | $628.3M | 97 |
| Q2 2025 | $571.9M | 87 |
| Q1 2025 | $527.4M | 86 |
| Q4 2024 | $496.2M | 79 |
| Q3 2024 | $504.9M | 74 |
| Q2 2024 | $426.2M | 74 |
| Q1 2024 | $414.2M | 70 |
| Q4 2023 | $367.6M | 63 |
| Q3 2023 | $334.2M | 58 |