Institutional Manager · CIK 0001840268

Hoese & Co LLP

GLENCOE, MN · File #028-20859

Latest AUM

$140.3M

Positions

156

Top-10 Concentration

77.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	ISHARES US EQTY FAC ROTATION	BLK	+60,737	+$3.7M	+$35,892
ADD	ISHARES TR 3 7 YR TREAS BD	464288661	+29,626	+$3.5M	-$30,672
REDUCE	ISHARES TR CORE TOTAL USD	46434V613	-70,424	-$3.3M	-$21,128
ADD	ISHARES U S ETF TR U.S. TECH INDEPD	46431W648	+22,985	+$2.3M	-$2,802
REDUCE	ISHARES TR MSCI USA QLT FCT	46432F339	-11,311	-$2.2M	+$178,569
ADD	VANGUARD MALVERN FDS STRM INFPROIDX	922020805	+38,363	+$1.9M	-$63,023
ADD	ISHARES TR INVESTMENT GRADE	46435G219	+35,387	+$1.6M	-$29,474
ADD	ISHARES TR CORE DIV GRWTH	46434V621	+9,535	+$661,913	+$140,120
ADD	VANGUARD SPECIALIZED FUNDS DIV APP ETF	921908844	+2,743	+$602,850	+$131,979
REDUCE	ISHARES TR MSCI USA MIN VOL	46429B697	-5,710	-$537,594	-$24,144

Sector Allocation

14.4%$20.2M

1.3%$1.9M

1.3%$1.9M

0.7%$947,260

0.5%$637,344

0.2%$315,737

0.2%$264,496

0.1%$127,873

Consumer Discretionary

0.1%$123,362

Real Estate

0.1%$112,720

Communication Services

0.0%$51,918

Filing History

Jan 14, 202613F HOLDINGS REPORTQ/E Dec 2025156 pos · $140.3M
Oct 16, 202513F HOLDINGS REPORTQ/E Sep 2025146 pos · $130.8M
Jul 29, 202513F HOLDINGS REPORTQ/E Jun 2025177 pos · $124.0M
Apr 11, 202513F HOLDINGS REPORTQ/E Mar 2025177 pos · $115.3M
Jan 16, 202513F HOLDINGS REPORTQ/E Dec 2024190 pos · $115.2M
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 2024209 pos · $119.4M
Jul 3, 202413F HOLDINGS REPORTQ/E Jun 2024174 pos · $114.6M
Apr 8, 202413F HOLDINGS REPORTQ/E Mar 2024157 pos · $109.6M
Oct 11, 202313F HOLDINGS REPORTQ/E Dec 2023182 pos · $97.6M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR 3 7 YR TREAS BD	464288661	221,484	$26.4M	19.68%
2	ISHARES TR CORE S&P500 ETF	464287200	31,114	$21.3M	15.87%
3	INVESCO EXCHANGE TRADED FD TS&P500 QUALITY	IVZ	192,752	$14.5M	10.77%
4	ISHARES TR CORE DIV GRWTH	46434V621	114,112	$7.9M	5.90%
5	VANGUARD SPECIALIZED FUNDS DIV APP ETF	921908844	35,822	$7.9M	5.86%
6	ISHARES TR MSCI USA QLT FCT	46432F339	32,042	$6.4M	4.74%
7	VANGUARD INDEX FDS S&P 500 ETF SHS	922908363	8,219	$5.2M	3.84%
8	ISHARES TR INVESTMENT GRADE	46435G219	110,996	$5.1M	3.77%
9	ISHARES US EQTY FAC ROTATION	BLK	83,030	$5.0M	3.76%
10	VANGUARD MALVERN FDS STRM INFPROIDX	922020805	91,772	$4.5M	3.38%
11	VANGUARD TOTAL STOCK MARKET ETF	922908769	11,763	$3.9M	2.94%
12	ISHARES U S ETF TR U.S. TECH INDEPD	46431W648	31,218	$3.2M	2.36%
13	ISHARES TR CORE TOTAL USD	46434V613	61,443	$2.9M	2.13%
14	SPDR TR S&P 500 ETF UNIT SER 1	SPY	3,961	$2.7M	2.01%
15	BERKSHIRE HATHAWAY INC DEL CL A	BRK-A	3	$2.3M	1.69%
16	ISHARES TR MSCI USA MIN VOL	46429B697	18,685	$1.8M	1.31%
17	ISHARES TR RUSSELL1000GRW	464287614	2,688	$1.3M	0.95%
18	ISHARES TR RUSSELL1000GRW	464287614	2,513	$1.2M	0.89%
19	ISHARES TR CORE S&P500 ETF	464287200	1,620	$1.1M	0.83%
20	SCHWAB STRATEGIC TR US LCAP GR ETF	808524300	22,216	$724,463	0.54%