Allied Investment Advisors, LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VANGUARD BD INDEX FDS | BSV | $136.4M | 1,784,911 | +10.20pp | 2q | +551.4%+$115.4M | |
| VANGUARD MALVERN FDS | VTIP | $80.4M | 1,633,246 | +7.57pp | 3q | +37724.1%+$80.2M | |
| VANGUARD BD INDEX FDS | BIV | $65.3M | 896,849 | +4.68pp | 2q | +476.9%+$54.0M | |
| SCHWAB STRATEGIC TR | SCHD | $50.1M | 1,540,888 | -2.72pp | 11q | -17.7%-$10.8M | |
| VANGUARD WORLD FD | VHT | $45.9M | 145,231 | -2.46pp | 32q | -19.7%-$11.3M | |
| MICROSOFT CORP | MSFT | $35.0M | 68,320 | +0.12pp | 32q | HELD | |
| JPMORGAN CHASE & CO | JPM | $23.4M | 70,869 | -0.69pp | 32q | HELD | |
| EXXONMOBIL HOLDINGS CORP | XOM | $21.1M | 129,426 | -0.21pp | 2q | +0.9%+$188.5K | |
| DEERE CO | DE | $20.2M | 30,057 | -0.49pp | 32q | HELD | |
| JOHNSON & JOHNSON | JNJ | $20.1M | 75,800 | -0.53pp | 32q | HELD | |
| STATE STR CORP | STT | $19.8M | 113,473 | -0.74pp | 32q | -7.6%-$1.6M | |
| SHELL PLC | SHEL | $19.6M | 206,455 | -0.14pp | 19q | +1.0%+$200.7K | |
| CHEVRON CORPORATION | CVX | $19.5M | 95,265 | -0.12pp | 32q | +1.4%+$269.1K | |
| RTX CORPORATION | RTX | $18.8M | 101,527 | -0.63pp | 26q | HELD | |
| AAON INC | AAON | $18.8M | 227,453 | -0.61pp | 31q | +51.9%+$6.4M | |
| GOLDMAN SACHS GROUP INC | GS | $18.3M | 20,312 | -0.88pp | 16q | -1.2%-$213.4K | |
| BANK OF AMER CORP | BAC | $18.2M | 334,312 | -0.67pp | 32q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VGK | $17.2M | 198,110 | -0.28pp | 8q | +15.4%+$2.3M | |
| WELLS FARGO & CO | WFC | $17.0M | 212,829 | -0.57pp | 32q | +1.4%+$229.9K | |
| TOTALENERGIES SE | TTE | $16.7M | 195,741 | -0.30pp | 3q | +1.6%+$270.5K | |
| US BANCORP | USB | $16.3M | 281,617 | -0.58pp | 32q | +0.9%+$137.8K | |
| VANGUARD WORLD FD | VPU | $16.1M | 94,010 | -0.73pp | 13q | +2.7%+$421.3K | |
| TARGET CORP | TGT | $16.0M | 101,846 | -0.21pp | 32q | -2.9%-$470.7K | |
| CATERPILLAR INC | CAT | $15.7M | 19,317 | -1.21pp | 32q | -3.8%-$621.1K | |
| APPLE INC | AAPL | $15.4M | 46,206 | -0.28pp | 32q | -2.9%-$460.9K | |
| 3M CO | MMM | $15.2M | 92,599 | -0.41pp | 32q | +2.2%+$331.6K | |
| FEDEX CORP | FDX | $14.6M | 51,258 | -0.56pp | 31q | +4.1%+$570.8K | |
| SYSCO CORP | SYY | $13.9M | 178,240 | -0.50pp | 32q | +3.3%+$438.5K | |
| PROCTER & GAMBLE CO | PG | $13.9M | 95,589 | -0.37pp | 32q | +4.5%+$598.8K | |
| PFIZER INC | PFE | $13.5M | 473,320 | -0.08pp | 22q | +5.3%+$683.4K | |
| MEDTRONIC PLC | MDT | $13.3M | 154,429 | -0.20pp | 32q | +4.2%+$531.2K | |
| GENUINE PARTS CO | GPC | $13.2M | 105,298 | -0.27pp | 7q | +2.8%+$355.6K | |
| LOWES COS INC | LOW | $13.2M | 71,825 | -0.59pp | 32q | +8.2%+$1.0M | |
| LOCKHEED MARTIN CORP | LMT | $13.1M | 25,724 | -0.36pp | 22q | +3.0%+$387.5K | |
| ABBOTT LABORATORIES | ABT | $12.8M | 129,788 | -0.19pp | 32q | +5.4%+$662.9K | |
| MARSH & MCLENNAN COS INC | MRSH | $12.2M | 71,270 | - | new | NEW | |
| REALTY INCOME CORP | O | $12.1M | 223,333 | -0.53pp | 5q | +3.5%+$404.7K | |
| PEPSICO INC | PEP | $11.8M | 92,828 | -0.36pp | 32q | +7.1%+$781.5K | |
| ZOETIS INC | ZTS | $11.7M | 167,241 | - | new | NEW | |
| KIMBERLY CLARK CORP | KMB | $11.6M | 119,394 | -0.47pp | 32q | +4.7%+$517.8K | |
| DIAGEO PLC | DEO | $11.4M | 132,889 | -0.18pp | 9q | +7.3%+$771.9K | |
| OTIS WORLDWIDE CORP | OTIS | $10.7M | 166,248 | -0.34pp | 26q | +10.4%+$1.0M | |
| BOEING CO | BA | $10.5M | 56,317 | -0.39pp | 8q | +10.6%+$1.0M | |
| AMRIZE LTD | AMRZ | $9.9M | 264,812 | -0.67pp | 5q | +10.1%+$910.9K | |
| VANGUARD INDEX FDS | VTI | $8.6M | 22,874 | -0.21pp | 7q | +4.6%+$375.0K | |
| ISHARES INC | PICK | $4.2M | 70,214 | -0.11pp | 4q | HELD | |
| EMERSON ELEC CO | EMR | $3.6M | 23,387 | -0.09pp | 32q | -3.5%-$130.1K | |
| SPDR GOLD TR | GLD | $2.7M | 6,967 | -0.07pp | 7q | HELD | |
| VANGUARD INDEX FDS | VTV | $2.1M | 9,903 | -0.03pp | 8q | +17.2%+$314.2K | |
| NVIDIA CORPORATION | NVDA | $2.0M | 8,953 | -0.03pp | 10q | +0.9%+$19.0K | |
| WALMART INC | WMT | $2.0M | 18,860 | -0.10pp | 32q | -7.0%-$148.0K | |
| VANGUARD WORLD FD | VGT | $1.9M | 15,419 | -0.05pp | 32q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $1.8M | 3,657 | -0.06pp | 32q | +0.6%+$10.5K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $1.5M | 2 | -0.05pp | 32q | HELD | |
| PROSHARES TR | NOBL | $1.4M | 25,204 | -0.05pp | 32q | HELD | |
| ALPHABET INC | GOOGL | $1.2M | 3,448 | -0.05pp | 24q | -7.3%-$93.9K | |
| COSTCO WHOLESALE CORPORATION | COST | $1.2M | 1,291 | -0.05pp | 11q | -7.7%-$97.4K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $1.1M | 4,957 | -0.07pp | 32q | -1.0%-$11.0K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.0M | 1,314 | -0.02pp | 12q | +5.4%+$51.1K | |
| BROADCOM INC | AVGO | $945.1K | 2,691 | -0.03pp | 6q | +6.0%+$53.4K | |
| MERCK & CO INC | MRK | $921.6K | 6,342 | -0.02pp | 22q | HELD | |
| ADVANCED MICRO DEVICES INC | AMD | $882.8K | 1,443 | -0.02pp | 6q | HELD | |
| INVESCO EXCH TRADED FD TR II | SPLV | $860.2K | 12,200 | -0.03pp | 32q | HELD | |
| AMAZON COM INC | AMZN | $832.4K | 3,341 | -0.02pp | 14q | +3.7%+$29.4K | |
| GLACIER BANCORP INC NEW | GBCI | $800.4K | 18,527 | -0.04pp | 32q | HELD | |
| EVERUS CONSTR GROUP | ECG | $754.4K | 6,419 | -0.05pp | 8q | +13.5%+$89.7K | |
| ALPHABET INC | GOOG | $732.6K | 2,150 | -0.04pp | 6q | -11.5%-$95.4K | |
| EAGLE BANCORP MONT INC | EBMT | $684.5K | 32,502 | -0.02pp | 4q | +9.5%+$59.7K | |
| STARBUCKS CORP | SBUX | $668.7K | 7,117 | -0.03pp | 32q | HELD | |
| DIMENSIONAL ETF TRUST | DFUS | $643.6K | 7,752 | -0.02pp | 14q | HELD | |
| SPACE EXPLORATION TECHN CORP | SPCX | $583.7K | 3,869 | +0.03pp | 2q | +197.2%+$387.3K | |
| ABBVIE INC | ABBV | $573.4K | 2,192 | -0.02pp | 12q | -4.4%-$26.2K | |
| HOME DEPOT INC | HD | $560.7K | 1,971 | -0.03pp | 32q | HELD | |
| VANGUARD SCOTTSDALE FDS | VCSH | $549.4K | 7,112 | -1.47pp | 2q | -95.4%-$11.3M | |
| FIRST INTST BANCSYSTEM INC | FIBK | $503.1K | 14,078 | -0.02pp | 31q | -0.6%-$2.9K | |
| META PLATFORMS INC | META | $490.9K | 677 | flat | 10q | HELD | |
| CISCO SYS INC | CSCO | $485.2K | 4,508 | -0.02pp | 5q | HELD | |
| CITIGROUP INC | C | $483.2K | 3,732 | -0.02pp | 11q | HELD | |
| MDU RESOURCES GROUP INC | MDU | $473.8K | 25,554 | -0.02pp | 10q | +13.6%+$56.6K | |
| VANGUARD WORLD FD | MGK | $450.4K | 4,861 | -0.01pp | 5q | +9.6%+$39.4K | |
| SCHWAB STRATEGIC TR | SCHV | $414.3K | 12,439 | -0.02pp | 22q | HELD | |
| MCKESSON CORP | MCK | $409.0K | 479 | -0.01pp | 5q | HELD | |
| STEEL DYNAMICS INC | STLD | $404.9K | 1,827 | -0.01pp | 5q | HELD | |
| VANGUARD BD INDEX FDS | VUSB | $396.5K | 8,003 | - | new | NEW | |
| FEDEX FGHT HLDG CO INC | FDXF | $388.2K | 3,549 | -0.05pp | 2q | -26.2%-$137.5K | |
| ISHARES TR | IVV | $386.0K | 504 | -0.01pp | 9q | +13.0%+$44.4K | |
| ELI LILLY & CO | LLY | $360.4K | 312 | -0.01pp | 11q | HELD | |
| INVESCO QQQ TR | QQQ | $334.4K | 452 | -0.01pp | 5q | +14.1%+$41.4K | |
| CONOCOPHILLIPS | COP | $322.5K | 2,577 | -0.01pp | 7q | -5.8%-$20.0K | |
| TESLA INC | TSLA | $286.3K | 807 | -0.01pp | 2q | +25.3%+$57.8K | |
| KNIFE RIVER CORP | KNF | $271.5K | 5,384 | -0.02pp | 10q | +16.5%+$38.5K | |
| CARLISLE COS INC | CSL | $264.2K | 820 | -0.01pp | 14q | HELD | |
| MCDONALDS CORP | MCD | $259.1K | 1,122 | -0.01pp | 26q | +0.5%+$1.4K | |
| CHARLES SCHWAB CORP (THE) | SCHW | $257.9K | 2,639 | -0.01pp | 5q | HELD | |
| ISHARES TR | IWM | $250.4K | 901 | -0.01pp | 4q | -0.8%-$1.9K | |
| VANGUARD WORLD FD | VIS | $249.4K | 778 | -0.01pp | 16q | HELD | |
| VANGUARD WORLD FD | VFH | $242.4K | 1,863 | -0.01pp | 13q | HELD | |
| ORACLE CORP | ORCL | $240.3K | 1,750 | -0.02pp | 10q | -14.6%-$41.2K | |
| MUELLER INDS INC | MLI | $238.4K | 3,934 | -0.01pp | 4q | HELD | |
| EATON CORP PLC | ETN | $237.6K | 553 | flat | 2q | +12.6%+$26.6K | |
| CORNING INC | GLW | $237.4K | 1,544 | -0.03pp | 3q | HELD | |
| ISHARES TR | AGG | $235.8K | 2,494 | -0.01pp | 9q | +1.8%+$4.3K | |
| UNITEDHEALTH GROUP INC | UNH | $235.2K | 641 | -0.01pp | 2q | +4.7%+$10.6K | |
| ISHARES SILVER TR | SLV | $223.9K | 4,107 | -0.01pp | 4q | HELD | |
| PHILLIPS 66 | PSX | $217.5K | 852 | - | new | NEW | |
| INTEL CORP | INTC | $217.3K | 1,807 | - | new | NEW | |
| BANK OF NY MELLON CORP | BNY | $214.1K | 1,480 | -0.01pp | 2q | HELD | |
| WP CAREY INC | WPC | $212.1K | 3,281 | -0.01pp | 4q | HELD | |
| DIMENSIONAL ETF TRUST | DFIV | $209.6K | 3,752 | -0.01pp | 2q | HELD | |
| AUTOMATIC DATA PROCESSING IN | ADP | $206.4K | 800 | - | new | NEW | |
| FORD MTR CO | F | $150.0K | 12,438 | -0.01pp | 7q | HELD | |
| GERON CORP | GERN | $19.6K | 15,959 | flat | 19q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Banks & Lending | $97.4M | 9.2% |
| Energy | $77.9M | 7.4% |
| Industrials | $66.5M | 6.3% |
| Biotech & Pharma | $59.9M | 5.7% |
| Autos & Aerospace | $42.9M | 4.0% |
| Software & IT Services | $38.5M | 3.6% |
| Retail & Consumer | $34.7M | 3.3% |
| Medical Devices | $28.5M | 2.7% |
| Wholesale & Distribution | $27.5M | 2.6% |
| Food, Drink & Tobacco | $23.1M | 2.2% |
| Capital Markets | $21.4M | 2.0% |
| Semiconductors & Electronics | $18.4M | 1.7% |
| Other sectors | $87.0M | 8.2% |
| Not classified | $434.8M | 41.1% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +0.4% | +2.1% | -1.8% | 100% |
| 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% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $1.1B | 112 | 6 | 49 | 20 | 4 | 47.0% | 13 |
| Q2 2026 | $796.5M | 110 | 13 | 46 | 17 | 3 | 35.8% | 20 |
| Q1 2026 | $697.4M | 100 | 3 | 34 | 15 | 5 | 38.9% | 27 |
| Q4 2025 | $646.8M | 102 | 11 | 36 | 23 | 6 | 40.9% | 40 |
| Q3 2025 | $628.3M | 97 | 13 | 52 | 15 | 3 | 40.2% | 35 |
| Q2 2025 | $571.9M | 87 | 5 | 40 | 12 | 4 | 41.8% | 31 |
| Q1 2025 | $527.4M | 86 | 9 | 39 | 13 | 2 | 40.8% | 8 |
| Q4 2024 | $496.2M | 79 | 6 | 32 | 19 | 1 | 43.5% | 31 |
| Q3 2024 | $504.9M | 74 | 4 | 32 | 10 | 4 | 43.9% | 4 |
| Q2 2024 | $426.2M | 74 | 7 | 29 | 9 | 3 | 41.6% | 12 |
| Q1 2024 | $414.2M | 70 | 8 | 38 | 8 | 1 | 41.8% | 11 |
| Q4 2023 | $367.6M | 63 | 6 | 23 | 10 | 1 | 42.1% | 10 |
| Q3 2023 | $334.2M | 58 | 3 | 26 | 13 | 4 | 42.8% | 5 |
| Q2 2023 | $345.1M | 59 | 5 | 37 | 5 | 4 | 40.7% | 11 |
| Q1 2023 | $322.8M | 58 | 1 | 29 | 6 | 0 | 40.0% | 18 |
| Q4 2022 | $319.8M | 57 | 3 | 25 | 10 | 1 | 39.4% | 13 |
| Q3 2022 | $268.1M | 55 | 2 | 34 | 7 | 2 | 41.6% | 13 |
| Q2 2022 | $278.8M | 55 | 0 | 32 | 9 | 7 | 41.0% | 13 |
| Q1 2022 | $307.0M | 62 | 3 | 37 | 2 | 2 | 41.2% | 11 |
| Q4 2021 | $292.3M | 61 | 5 | 32 | 7 | 0 | 41.6% | 20 |
| Q3 2021 | $264.4M | 56 | 0 | 15 | 15 | 0 | 41.0% | 13 |
| Q2 2021 | $265.5M | 56 | 6 | 29 | 9 | 2 | 41.0% | 16 |
| Q1 2021 | $233.5M | 52 | 4 | 27 | 13 | 1 | 43.8% | 20 |
| Q4 2020 | $208.1M | 49 | 4 | 18 | 13 | 1 | 44.9% | 19 |
| Q3 2020 | $185.9M | 46 | 0 | 17 | 15 | 0 | 46.8% | 13 |
| Q2 2020 | $173.6M | 46 | 4 | 23 | 10 | 2 | 45.1% | 10 |
| Q1 2020 | $138.5M | 44 | 4 | 20 | 11 | 5 | 47.4% | 17 |
| Q4 2019 | $169.2M | 45 | 0 | 19 | 13 | 1 | 47.2% | 24 |
| Q3 2019 | $155.2M | 46 | 0 | 21 | 11 | 2 | 46.3% | 17 |
| Q2 2019 | $149.1M | 48 | 3 | 18 | 13 | 0 | 46.4% | 17 |
| Q1 2019 | $144.2M | 45 | 4 | 21 | 8 | 2 | 46.1% | 22 |
| Q4 2018 | $121.1M | 43 | 0 | 0 | 0 | 0 | 48.9% | 32 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.