Q3 2026 13F · SEC CIK 1002672

Bell Bank

Bank & trustFiled 2026-10-21 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.7B
Reported positions: 204
Top holdings a year, 3 yrs: +19.1%
Average holding period: 4.4 yrs

Bell Bank is a bank & trust that reported 204 positions worth $2.7B in its Q3 2026 13F, filed 2026-10-21. Its largest holdings were Vanguard Index Fds (VTV, 13.1%), Ishares Tr (IEFA, 12.9%), Vanguard Index Fds (VUG, 11.9%). A portfolio copying its top holdings returned 19.1% a year over the last 3 years, against 22.3% for the S&P 500.

Bell Bank holdings largest 50 of 204 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Bell Bank 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
VTVVanguard Index Fds	13.1%	13.2%	1,606,434	+1.1%	$347.1M
IEFAIshares Tr	12.9%	13.0%	3,548,938	+0.7%	$343.8M
VUGVanguard Index Fds	11.9%	11.8%	3,511,203	-2.5%	$316.4M
QQQInvesco Qqq Tr	9.7%	10.0%	347,988	-2.1%	$257.4M
RSPInvesco Exchange Traded Fd T	4.7%	4.9%	606,077	+0.2%	$126.1M
VTIVanguard Index Fds	4.7%	4.8%	335,989	-0.6%	$125.7M
SPYVState Street Spdr Portfolio S&p 500 Valu	4.0%	3.9%	1,734,577	+2.4%	$106.0M
VOOVanguard Index Fds	3.9%	3.9%	149,665	-0.3%	$104.9M
AGGIshares Tr	2.7%	2.7%	753,833	+6.7%	$71.3M
VMBSVanguard Scottsdale Fds	1.7%	1.7%	1,029,972	+6.5%	$45.7M
JAAAJanus Detroit Str Tr	1.7%	1.8%	895,746	-2.4%	$45.2M
NVDANvidia Corporation	1.6%	1.4%	186,628	-0.6%	$42.6M
AAAInvestment Managers Ser Tr I	1.1%	—	1,212,600	—	$30.0M
MSFTMicrosoft Corp	0.9%	0.7%	47,708	+2.5%	$24.5M
SPYState Str Spdr S&p 500 ETF T	0.8%	0.7%	26,114	-0.6%	$19.9M
AAPLApple Inc	0.7%	0.6%	57,778	+1.1%	$19.2M
BILSSpdr Series Trust	0.7%	1.4%	189,659	-47.6%	$18.8M
AMZNAmazon Com Inc	0.7%	0.6%	71,599	+6.8%	$17.8M
HPEHewlett Packard Enterprise C	0.7%	0.6%	277,843	-23.8%	$17.8M
CVXChevron Corporation	0.7%	0.5%	84,647	+0.5%	$17.3M
STXSeagate Technology Hldngs Pl	0.6%	0.7%	18,038	+1.4%	$16.6M
METAMeta Platforms Inc	0.6%	0.5%	22,339	+2.6%	$16.2M
BILSpdr Series Trust	0.6%	0.7%	176,029	-10.3%	$16.1M
CSCOCisco Sys Inc	0.6%	0.6%	144,124	-0.0%	$15.5M
GOOGLAlphabet Inc	0.5%	0.6%	41,890	+2.8%	$14.4M
RIORio Tinto PLC	0.5%	0.6%	152,818	-0.5%	$14.4M
ABBVAbbvie Inc	0.5%	0.5%	54,278	+0.6%	$14.2M
AMGNAmgen Inc	0.5%	0.5%	33,414	-0.8%	$14.1M
PFEPfizer Inc	0.5%	0.4%	481,296	-0.6%	$13.7M
ADMArcher Daniels Midland Co	0.5%	0.5%	170,119	+1.0%	$13.5M
HPQHp Inc	0.5%	0.3%	398,565	+0.2%	$12.5M
GOOGAlphabet Inc	0.5%	0.5%	35,851	+2.4%	$12.2M
PRUPrudential Finl Inc	0.4%	0.4%	102,196	+0.1%	$11.6M
GILDGilead Sciences Inc	0.4%	0.4%	77,326	-1.6%	$11.5M
IBMInternational Business Machs	0.4%	0.6%	51,920	-1.7%	$11.4M
TRPTc Energy Corp	0.4%	0.5%	193,881	+4.8%	$11.2M
VZVerizon Communications Inc	0.4%	0.4%	235,370	-0.9%	$10.8M
PEPPepsico Inc	0.4%	0.4%	83,997	+23.3%	$10.6M
UPSUnited Parcel Svcs Inc	0.4%	0.5%	112,759	-0.1%	$10.5M
ARCCAres Capital Corp	0.4%	0.4%	532,313	+3.2%	$10.2M
KMBKimberly-Clark Corp	0.4%	0.4%	103,805	+2.1%	$10.1M
SOSouthern Co	0.4%	0.5%	116,905	-16.6%	$9.7M
DUKDuke Energy Corp New	0.4%	0.4%	84,492	+2.2%	$9.6M
GSKGsk PLC	0.3%	0.4%	184,064	+1.6%	$8.9M
SWKStanley Black & Decker Inc	0.3%	0.3%	96,223	+0.9%	$8.5M
KHCKraft Heinz Co	0.3%	0.3%	363,900	-3.0%	$8.3M
KMIKinder Morgan Inc Del	0.3%	0.3%	268,329	+1.5%	$8.1M
AVGOBroadcom Inc	0.3%	0.3%	22,457	+2.4%	$7.9M
TAt&t Inc	0.3%	—	316,145	—	$7.7M
SPSBSpdr Series Trust	0.3%	—	254,933	—	$7.5M

What Bell Bank bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

PEP Pepsico Inc+23.3% shares
AMZN Amazon Com Inc+6.8% shares
AGG Ishares Tr+6.7% shares
VMBS Vanguard Scottsdale Fds+6.5% shares

Reduced

BILS Spdr Series Trust-47.6% shares
HPE Hewlett Packard Enterprise C-23.8% shares
SO Southern Co-16.6% shares
BIL Spdr Series Trust-10.3% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +10.4% /yr; S&P 500 +11.7%
3 years: +19.1% /yr; S&P 500 +22.3%
5 years: +7.0% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$2.7B	204
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

Questions about Bell Bank's portfolio

What stocks does Bell Bank own?

Bell Bank's latest 13F, for Q3 2026 and filed Oct 21, 2026, lists 204 positions worth $2.7B. The largest are Vanguard Index Fds (VTV) at 13.1%, Ishares Tr (IEFA) at 12.9%, Vanguard Index Fds (VUG) at 11.9%, Invesco Qqq Tr (QQQ) at 9.7% and Invesco Exchange Traded Fd T (RSP) at 4.7%.

What did Bell Bank buy last quarter?

In Q3 2026, Bell Bank added Pepsico Inc (PEP) (+23.3% shares), Amazon Com Inc (AMZN) (+6.8% shares) and Ishares Tr (AGG) (+6.7% shares), compared with its Q2 2026 filing.

What did Bell Bank sell last quarter?

In Q3 2026, Bell Bank cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Procter & Gamble Co (PG), cut from its top 50 Skyworks Solutions Inc (SWKS), Spdr Series Trust (BILS) (-47.6% shares), Hewlett Packard Enterprise C (HPE) (-23.8% shares) and Southern Co (SO) (-16.6% shares), compared with its Q2 2026 filing.

How has Bell Bank's portfolio performed?

A portfolio copying Bell Bank's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.1% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +10.4% against +11.7%. Over 5 years: +7.0% a year against +10.6%.

When is Bell Bank's next 13F filing due?

13F filings are due 45 days after each quarter ends. Bell Bank's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.