13F HOLDINGS REPORT

Bedel Financial Consulting, Inc.

Quarter ended Q4 2025 · Filed January 28, 2026 · Accession 0001765380-26-000047

Total Value

$929.3M

Positions

293

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (293)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ELI LILLY & CO	LLY	328,037	$352.5M	37.93%
2	DIMENSIONAL ETF TRUST	25434V203	1,458,188	$55.6M	5.98%
3	VANGUARD MUN BD FDS	922907746	691,896	$34.8M	3.74%
4	DIMENSIONAL ETF TRUST	25434V302	739,164	$24.1M	2.59%
5	APPLE INC	AAPL	77,747	$21.1M	2.27%
6	VANGUARD WELLINGTON FD	921935870	164,779	$16.7M	1.80%
7	MICROSOFT CORP	MSFT	33,631	$16.3M	1.75%
8	AMERICAN CENTY ETF TR	025072802	159,661	$15.0M	1.61%
9	ISHARES TR	464288885	122,227	$13.9M	1.50%
10	SPDR S&P 500 ETF TR	SPY	19,060	$13.0M	1.40%
11	ISHARES TR	464288307	159,323	$12.7M	1.37%
12	CAPITAL GROUP GROWTH ETF	14020G101	281,826	$12.5M	1.35%
13	JPMORGAN CHASE & CO.	VYLD	31,717	$10.2M	1.10%
14	BERKSHIRE HATHAWAY INC DEL	BRK-A	18,671	$9.4M	1.01%
15	INNOVATOR ETFS TRUST	INHD	236,921	$9.3M	1.00%
16	SSGA ACTIVE ETF TR	78467V848	228,099	$9.2M	0.99%
17	ISHARES TR	464287200	11,239	$7.7M	0.83%
18	FIRST TR EXCHANGE-TRADED ALP	33737M300	74,442	$7.2M	0.77%
19	ISHARES TR	464288406	86,288	$7.1M	0.76%
20	ALPHABET INC	GOOG	21,050	$6.6M	0.71%
21	AMERICAN CENTY ETF TR	025072794	82,767	$6.3M	0.67%
22	VANGUARD SCOTTSDALE FDS	92206C409	77,550	$6.2M	0.67%
23	VANGUARD INDEX FDS	922908769	17,293	$5.8M	0.62%
24	BERKSHIRE HATHAWAY INC DEL	BRK-A	7	$5.3M	0.57%
25	ISHARES TR	46434V266	120,960	$5.0M	0.54%
26	NVIDIA CORPORATION	NVDA	25,215	$4.7M	0.51%
27	PACER FDS TR	69374H881	77,735	$4.7M	0.50%
28	ALPHABET INC	GOOG	14,820	$4.7M	0.50%
29	ISHARES TR	464288208	53,735	$4.4M	0.48%
30	DIMENSIONAL ETF TRUST	25434V807	87,416	$4.4M	0.47%
31	GLOBAL X FDS	37954Y376	188,064	$4.2M	0.45%
32	DIMENSIONAL ETF TRUST	25434V609	66,539	$4.0M	0.43%
33	ISHARES TR	464287499	40,210	$3.9M	0.42%
34	CUMMINS INC	CMI	7,112	$3.6M	0.39%
35	ISHARES TR	46432F339	17,647	$3.5M	0.38%
36	SPDR GOLD TR	GLD	8,354	$3.3M	0.36%
37	VANGUARD INDEX FDS	922908363	5,118	$3.2M	0.35%
38	AMAZON COM INC	AMZN	13,880	$3.2M	0.34%
39	ORACLE CORP	ORCL-PD	15,366	$3.0M	0.32%
40	JANUS DETROIT STR TR	47103U886	60,711	$3.0M	0.32%
41	ISHARES TR	464287655	11,984	$3.0M	0.32%
42	EXXON MOBIL CORP	XOM	23,993	$2.9M	0.31%
43	AMERICAN CENTY ETF TR	025072307	24,746	$2.8M	0.30%
44	WALMART INC	WMT	25,345	$2.8M	0.30%
45	INNOVATOR ETFS TRUST	INHD	82,306	$2.8M	0.30%
46	JOHNSON & JOHNSON	JNJ	13,298	$2.8M	0.30%
47	ABBVIE INC	ABBV	11,724	$2.7M	0.29%
48	ISHARES TR	464287465	26,649	$2.6M	0.28%
49	APPLIED MATLS INC	038222105	9,230	$2.4M	0.26%
50	CISCO SYS INC	CSCO	29,602	$2.3M	0.25%
51	VANGUARD INDEX FDS	922908736	4,471	$2.2M	0.23%
52	TIDAL TRUST I	886364835	59,181	$2.2M	0.23%
53	MCDONALDS CORP	MCD	7,131	$2.2M	0.23%
54	ISHARES TR	464287507	32,833	$2.2M	0.23%
55	ISHARES TR	464287614	4,464	$2.1M	0.23%
56	META PLATFORMS INC	META	3,061	$2.0M	0.22%
57	FIRST TR EXCHANGE-TRADED ALP	33735B108	15,700	$2.0M	0.21%
58	ISHARES TR	464288240	29,083	$2.0M	0.21%
59	HOME DEPOT INC	HD	5,548	$1.9M	0.21%
60	INNOVATOR ETFS TRUST	INHD	51,151	$1.9M	0.20%
61	INTUITIVE SURGICAL INC	ISRG	3,245	$1.8M	0.20%
62	SPDR SERIES TRUST	78468R853	39,215	$1.8M	0.20%
63	PEPSICO INC	PEP	12,490	$1.8M	0.19%
64	ISHARES TR	46436E528	76,993	$1.8M	0.19%
65	VANGUARD INTL EQUITY INDEX F	922042775	23,834	$1.8M	0.19%
66	PROCTER AND GAMBLE CO	742718109	12,106	$1.7M	0.19%
67	COCA COLA CO	KO	24,771	$1.7M	0.19%
68	INNOVATOR ETFS TRUST	INHD	39,213	$1.7M	0.19%
69	PACER FDS TR	69374H857	38,290	$1.7M	0.18%
70	AMERICAN EXPRESS CO	AXP	4,462	$1.7M	0.18%
71	VANGUARD INTL EQUITY INDEX F	922042858	30,365	$1.6M	0.18%
72	PALANTIR TECHNOLOGIES INC	PLTR	9,041	$1.6M	0.17%
73	DISNEY WALT CO	254687106	14,109	$1.6M	0.17%
74	T ROWE PRICE ETF INC	87283Q107	32,169	$1.6M	0.17%
75	TESLA INC	TSLA	3,526	$1.6M	0.17%
76	SIMON PPTY GROUP INC NEW	828806109	7,875	$1.5M	0.16%
77	ISHARES TR	464287473	10,314	$1.5M	0.16%
78	INNOVATOR ETFS TRUST	INHD	36,171	$1.4M	0.15%
79	LOWES COS INC	548661107	5,847	$1.4M	0.15%
80	BOSTON SCIENTIFIC CORP	BSX	14,618	$1.4M	0.15%
81	CHEVRON CORP NEW	CVX	8,806	$1.3M	0.14%
82	HUNTINGTON BANCSHARES INC	HBANP	77,313	$1.3M	0.14%
83	FIRST TR EXCHANGE-TRADED FD	33733E302	4,875	$1.3M	0.14%
84	INNOVATOR ETFS TRUST	INHD	27,641	$1.3M	0.14%
85	HONEYWELL INTL INC	438516106	6,461	$1.3M	0.14%
86	PIMCO ETF TR	72201R833	12,445	$1.2M	0.13%
87	J P MORGAN EXCHANGE TRADED F	46654Q724	18,771	$1.2M	0.13%
88	VANGUARD STAR FDS	921909768	16,362	$1.2M	0.13%
89	DIMENSIONAL ETF TRUST	25434V500	17,463	$1.2M	0.13%
90	AUTOMATIC DATA PROCESSING IN	ADP	4,682	$1.2M	0.13%
91	RTX CORPORATION	RTX	6,418	$1.2M	0.13%
92	BROADCOM INC	AVGO	3,283	$1.1M	0.12%
93	FIDELITY WISE ORIGIN BITCOIN	FBTC	14,766	$1.1M	0.12%
94	CATERPILLAR INC	CAT	1,958	$1.1M	0.12%
95	VISA INC	V	3,133	$1.1M	0.12%
96	VANGUARD INDEX FDS	922908751	4,255	$1.1M	0.12%
97	ISHARES TR	464287598	5,196	$1.1M	0.12%
98	VANGUARD INDEX FDS	922908744	5,715	$1.1M	0.12%
99	VANGUARD WORLD FD	92204A702	1,444	$1.1M	0.12%
100	ISHARES TR	464288661	9,071	$1.1M	0.12%
101	ISHARES TR	464287879	9,354	$1.1M	0.11%
102	INNOVATOR ETFS TRUST	INHD	23,831	$1.0M	0.11%
103	ISHARES TR	464287481	7,391	$1.0M	0.11%
104	INNOVATOR ETFS TRUST	INHD	23,667	$988,807	0.11%
105	INNOVATOR ETFS TRUST	INHD	20,451	$961,606	0.10%
106	INTERNATIONAL BUSINESS MACHS	INTR	3,201	$948,241	0.10%
107	SCHWAB STRATEGIC TR	808524102	35,827	$939,749	0.10%
108	ELEVANCE HEALTH INC FORMERLY	ELV	2,678	$938,706	0.10%
109	COSTCO WHSL CORP NEW	22160K105	1,088	$938,521	0.10%
110	PHILIP MORRIS INTL INC	718172109	5,762	$924,278	0.10%
111	SCHWAB STRATEGIC TR	808524797	33,075	$907,250	0.10%
112	ISHARES TR	464287671	5,379	$903,349	0.10%
113	ISHARES TR	464287648	2,779	$897,645	0.10%
114	NEXTERA ENERGY INC	NEE-PW	11,181	$897,630	0.10%
115	BANK AMERICA CORP	060505104	16,204	$891,236	0.10%
116	ISHARES TR	464287630	4,895	$887,079	0.10%
117	INTEL CORP	INTC	23,983	$884,971	0.10%
118	EXLSERVICE HOLDINGS INC	EXLS	20,713	$879,060	0.09%
119	GENERAL DYNAMICS CORP	GD	2,506	$843,784	0.09%
120	PFIZER INC	PFE	33,514	$834,502	0.09%
121	VANGUARD INDEX FDS	922908553	9,380	$830,063	0.09%
122	ISHARES TR	464288273	10,695	$829,183	0.09%
123	WELLS FARGO CO NEW	949746101	8,733	$813,941	0.09%
124	OREILLY AUTOMOTIVE INC	67103H107	8,711	$794,530	0.09%
125	SCHWAB STRATEGIC TR	808524201	29,335	$789,405	0.08%
126	VANGUARD INDEX FDS	922908629	2,633	$764,149	0.08%
127	INVESCO EXCH TRADED FD TR II	IVZ	10,688	$763,370	0.08%
128	ILLINOIS TOOL WKS INC	452308109	3,032	$746,819	0.08%
129	MERCK & CO INC	MRK	6,925	$728,958	0.08%
130	INNOVATOR ETFS TRUST	INHD	17,736	$722,190	0.08%
131	CINTAS CORP	CTAS	3,812	$716,923	0.08%
132	INVESCO EXCHANGE TRADED FD T	IVZ	3,738	$715,976	0.08%
133	US BANCORP DEL	USB-PS	13,318	$710,648	0.08%
134	VANGUARD TAX-MANAGED FDS	921943858	11,355	$709,373	0.08%
135	VANGUARD INDEX FDS	922908611	3,339	$707,166	0.08%
136	DIMENSIONAL ETF TRUST	25434V781	18,510	$703,380	0.08%
137	TAIWAN SEMICONDUCTOR MFG LTD	874039100	2,277	$691,991	0.07%
138	FIRST FINL BANCORP OH	320209109	27,412	$685,848	0.07%
139	ISHARES TR	464287168	4,851	$684,720	0.07%
140	PIMCO ETF TR	72201R866	12,943	$678,343	0.07%
141	PIMCO ETF TR	72201R874	13,184	$664,869	0.07%
142	ADVANCED MICRO DEVICES INC	AMD	3,081	$659,827	0.07%
143	NOVARTIS AG	NVSEF	4,695	$647,343	0.07%
144	CSX CORP	CSX	17,730	$642,713	0.07%
145	MORGAN STANLEY	MS-PQ	3,348	$594,342	0.06%
146	VANGUARD SPECIALIZED FUNDS	921908844	2,703	$593,977	0.06%
147	STRYKER CORPORATION	SYK	1,683	$591,679	0.06%
148	QUALCOMM INC	QCOM	3,452	$590,409	0.06%
149	INVESCO EXCHANGE TRADED FD T	IVZ	8,832	$587,505	0.06%
150	INNOVATOR ETFS TRUST	INHD	14,508	$574,372	0.06%
151	INNOVATOR ETFS TRUST	INHD	14,593	$573,954	0.06%
152	MPLX LP	MPLXP	10,475	$559,042	0.06%
153	SELECT SECTOR SPDR TR	81369Y605	10,077	$551,914	0.06%
154	ALTRIA GROUP INC	MO	9,551	$550,718	0.06%
155	TJX COS INC NEW	872540109	3,549	$545,231	0.06%
156	DUKE ENERGY CORP NEW	DUKB	4,620	$541,454	0.06%
157	AMGEN INC	AMGN	1,606	$525,660	0.06%
158	MASTERCARD INCORPORATED	MA	907	$517,941	0.06%
159	MATTHEWS ASIA FDS	577125818	14,436	$516,934	0.06%
160	BALL CORP	BALL	9,600	$508,512	0.05%
161	EATON CORP PLC	ETN	1,595	$507,872	0.05%
162	SHOPIFY INC	SHOP	3,150	$507,056	0.05%
163	GE AEROSPACE	369604301	1,595	$491,355	0.05%
164	3M CO	MMM	3,047	$487,826	0.05%
165	CAPITAL ONE FINL CORP	14040H105	2,011	$487,440	0.05%
166	ISHARES TR	464287887	3,446	$486,437	0.05%
167	DANAHER CORPORATION	235851102	2,106	$482,177	0.05%
168	KROGER CO	KR	7,681	$479,917	0.05%
169	UNION PAC CORP	UNP	2,074	$479,667	0.05%
170	AT&T INC	T-PC	18,793	$466,820	0.05%
171	CONSTELLATION ENERGY CORP	CEG	1,296	$457,784	0.05%
172	KIMBERLY-CLARK CORP	KMB	4,529	$456,931	0.05%
173	ISHARES TR	464287234	8,153	$446,070	0.05%
174	AMERICAN ELEC PWR CO INC	025537101	3,867	$445,904	0.05%
175	INVESCO QQQ TR	IVZ	705	$433,220	0.05%
176	SCHWAB STRATEGIC TR	808524607	15,124	$430,719	0.05%
177	ISHARES TR	464287804	3,545	$426,022	0.05%
178	INVESCO EXCHANGE TRADED FD T	IVZ	5,634	$422,832	0.05%
179	INNOVATOR ETFS TRUST	INHD	10,909	$422,724	0.05%
180	STARBUCKS CORP	SBUX	4,973	$418,805	0.05%
181	SPDR S&P MIDCAP 400 ETF TR	MDY	687	$414,453	0.04%
182	NEW JERSEY RES CORP	NJR	8,932	$411,927	0.04%
183	ISHARES TR	464287663	3,976	$407,699	0.04%
184	PGIM ETF TR	69344A768	8,000	$403,160	0.04%
185	INTERCONTINENTAL EXCHANGE IN	45866F104	2,472	$400,365	0.04%
186	NETFLIX INC	NFLX	4,240	$397,542	0.04%
187	SOUTHERN CO	SOMN	4,539	$395,757	0.04%
188	INNOVATOR ETFS TRUST	INHD	8,508	$382,365	0.04%
189	CONOCOPHILLIPS	COP	4,063	$380,337	0.04%
190	VANGUARD SCOTTSDALE FDS	92206C870	4,531	$379,499	0.04%
191	UNILEVER PLC	UNLYF	5,765	$377,031	0.04%
192	FIRSTENERGY CORP	FE	8,413	$376,665	0.04%
193	INNOVATOR ETFS TRUST	INHD	8,624	$373,074	0.04%
194	BLACKROCK ETF TRUST II	BLK	16,712	$371,345	0.04%
195	GSK PLC	GLAXF	7,562	$370,840	0.04%
196	UNITEDHEALTH GROUP INC	UNH	1,099	$362,888	0.04%
197	ACCENTURE PLC IRELAND	ACN	1,345	$360,864	0.04%
198	BLACKROCK INC	BLK	334	$357,635	0.04%
199	VANGUARD BD INDEX FDS	921937819	4,575	$356,318	0.04%
200	INNOVATOR ETFS TRUST	INHD	6,420	$353,443	0.04%
201	STEEL DYNAMICS INC	STLD	2,049	$347,203	0.04%
202	SCHWAB STRATEGIC TR	808524771	12,750	$346,928	0.04%
203	BOEING CO	BA-PA	1,596	$346,612	0.04%
204	CARDINAL HEALTH INC	CAH	1,683	$345,857	0.04%
205	GOLDMAN SACHS GROUP INC	GSCE	392	$344,568	0.04%
206	ISHARES TR	464287622	917	$342,444	0.04%
207	EMERSON ELEC CO	EMR	2,570	$341,152	0.04%
208	WW GRAINGER INC	384802104	336	$339,041	0.04%
209	SALESFORCE INC	CRM	1,258	$333,257	0.04%
210	PINNACLE WEST CAP CORP	PNW	3,690	$327,303	0.04%
211	ISHARES TR	46434V621	4,687	$325,372	0.04%
212	ONEOK INC NEW	OKE	4,395	$322,998	0.03%
213	ISHARES TR	46429B697	3,415	$321,526	0.03%
214	FEDEX CORP	FDX	1,097	$316,844	0.03%
215	INNOVATOR ETFS TRUST	INHD	8,471	$314,521	0.03%
216	THOR INDS INC	885160101	3,062	$314,376	0.03%
217	BRISTOL-MYERS SQUIBB CO	CELG-RI	5,790	$312,298	0.03%
218	ALLSTATE CORP	ALL-PJ	1,499	$312,092	0.03%
219	ISHARES GOLD TR	IAU	3,789	$307,553	0.03%
220	VANGUARD INTL EQUITY INDEX F	922042742	2,140	$301,868	0.03%
221	VERIZON COMMUNICATIONS INC	VZ	7,285	$296,715	0.03%
222	ABBOTT LABS	ABLZF	2,367	$296,561	0.03%
223	DEERE & CO	DE	634	$295,119	0.03%
224	ISHARES INC	46434G855	3,965	$291,954	0.03%
225	DIMENSIONAL ETF TRUST	25434V765	9,186	$290,870	0.03%
226	ISHARES TR	46436E718	2,877	$288,793	0.03%
227	CITIGROUP INC	C-PR	2,457	$286,765	0.03%
228	VANGUARD INTL EQUITY INDEX F	922042718	2,000	$286,634	0.03%
229	INNOVATOR ETFS TRUST	INHD	6,609	$285,839	0.03%
230	ISHARES SILVER TR	SLV	4,409	$284,028	0.03%
231	CHUBB LIMITED	CB	888	$277,163	0.03%
232	PROLOGIS INC.	PLDGP	2,169	$276,895	0.03%
233	ENERGY TRANSFER L P	ET-PI	16,593	$273,627	0.03%
234	CALAMOS ETF TR	12811T712	12,061	$273,453	0.03%
235	PIMCO ETF TR	72201R718	2,841	$272,580	0.03%
236	CORTEVA INC	CTVA	3,875	$259,744	0.03%
237	INVESCO EXCHANGE TRADED FD T	IVZ	2,535	$259,635	0.03%
238	INNOVATOR ETFS TRUST	INHD	5,908	$256,289	0.03%
239	SCHWAB STRATEGIC TR	808524649	9,729	$250,619	0.03%
240	ISHARES TR	464287176	2,272	$249,663	0.03%
241	SELECT SECTOR SPDR TR	81369Y803	1,730	$249,068	0.03%
242	MATERION CORP	MTRN	2,000	$248,640	0.03%
243	FIRST TR EXCHANGE TRADED FD	33738R506	3,575	$248,355	0.03%
244	T-MOBILE US INC	TMUSZ	1,206	$244,827	0.03%
245	TIMOTHY PLAN	887432334	7,048	$244,425	0.03%
246	VANECK ETF TRUST	92189F106	2,846	$244,119	0.03%
247	INNOVATOR ETFS TRUST	INHD	4,883	$243,466	0.03%
248	VANGUARD INTL EQUITY INDEX F	922042874	2,903	$242,761	0.03%
249	MONDELEZ INTL INC	609207105	4,508	$242,639	0.03%
250	RESMED INC	RSMDF	1,000	$240,870	0.03%
251	GE VERNOVA INC	GEV	367	$239,860	0.03%
252	NORTHERN LTS FD TR IV	NTRSO	6,560	$239,309	0.03%
253	SELECT SECTOR SPDR TR	81369Y704	1,527	$236,868	0.03%
254	ISHARES TR	46432F834	2,767	$234,208	0.03%
255	SELECT SECTOR SPDR TR	81369Y407	1,948	$232,639	0.03%
256	NORTHERN LTS FD TR IV	NTRSO	9,605	$232,441	0.03%
257	NISOURCE INC	NI	5,540	$231,337	0.02%
258	NORTHERN LTS FD TR IV	NTRSO	5,110	$230,614	0.02%
259	J P MORGAN EXCHANGE TRADED F	46641Q324	3,110	$228,081	0.02%
260	WATERS CORP	941848103	600	$227,898	0.02%
261	D-WAVE QUANTUM INC	QBTS	8,695	$227,374	0.02%
262	MCKESSON CORP	MCK	277	$227,220	0.02%
263	STRATEGY SHS	STRD	8,533	$226,466	0.02%
264	EVERGY INC	EVRG	3,076	$223,012	0.02%
265	ASTRAZENECA PLC	AZN	2,400	$220,632	0.02%
266	ISHARES TR	464288810	3,534	$219,638	0.02%
267	HORIZON BANCORP INC	HBNC	12,937	$219,412	0.02%
268	ISHARES TR	464287721	1,091	$217,851	0.02%
269	VANGUARD INDEX FDS	922908538	779	$217,365	0.02%
270	ISHARES TR	464287762	3,327	$216,588	0.02%
271	DIMENSIONAL ETF TRUST	25434V831	5,669	$215,604	0.02%
272	PRUDENTIAL FINL INC	PUKPF	1,900	$214,465	0.02%
273	WELLTOWER INC	WELL	1,153	$214,008	0.02%
274	NIKE INC	NKE	3,347	$213,251	0.02%
275	EXELON CORP	EXC	4,889	$213,129	0.02%
276	INNOVATOR ETFS TRUST	INHD	6,224	$210,309	0.02%
277	INNOVATOR ETFS TRUST	INHD	5,722	$209,279	0.02%
278	ENBRIDGE INC	ENNPF	4,359	$208,491	0.02%
279	MEDTRONIC PLC	MDT	2,160	$207,472	0.02%
280	LOCKHEED MARTIN CORP	LMT	424	$205,182	0.02%
281	CROWDSTRIKE HLDGS INC	CRWD	436	$204,379	0.02%
282	LINCOLN NATL CORP IND	534187109	4,587	$204,259	0.02%
283	CONAGRA BRANDS INC	CAG	11,696	$202,458	0.02%
284	LUMENTUM HLDGS INC	LITE	547	$201,619	0.02%
285	TRACTOR SUPPLY CO	TSCO	4,006	$200,342	0.02%
286	EATON VANCE SR INCOME TR	ETN	11,962	$63,040	0.01%
287	RELMADA THERAPEUTICS INC	RLMD	10,000	$48,300	0.01%
288	ELI LILLY & CO	LLY	3,000	$43,790	0.00%
289	OPUS GENETICS INC	IRD	15,000	$30,150	0.00%
290	ELI LILLY & CO	LLY	2,200	$25,217	0.00%
291	INOTIV INC	NOTV	14,945	$8,401	0.00%
292	ELI LILLY & CO	LLY	400	$1,680	0.00%
293	ELI LILLY & CO	LLY	11,800	$1,068	0.00%