Bell Bank

Q4 2025 13F-HR Holdings

Location
Fargo, ND
Holdings as of
12/31/2025
Date filed
1/14/2026
Form type
13F-HR
Num holdings
194
Total value ($000)
$2,339,943
Net value change ($000)
+31,119 (1.3%)
New positions
10
Sold out positions
14
Turnover %
1.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/21/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
RSP 57,422 104.2%
VTV 34,759 12.8%
VUG 15,589 5.7%
IEFA 8,852 2.9%
JAAA 7,541 166.1%
QQQ 6,988 3.3%
AGG 5,332 9.5%
BILS 4,266 8.5%
VMBS 3,224 8.8%
SPYV 2,845 3.3%
Top Reduces (Value $000, Stocks/ETFs)
VYM -86,248 -84.8%
VOO -16,720 -15.2%
Unilever PLC -6,055 -100.0%
EXR -3,435 -100.0%
AFL -2,237 -100.0%
PSA -2,139 -100.0%
WM -2,111 -100.0%
MCD -1,940 -36.5%
ABBV -1,859 -13.3%
INTC -1,756 -78.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type