Fjell Capital

FARGO, NDfiles as Fjell Capital, LLC

$147m in 66 US stocks at the end of 30 June 2026. The top 10 are 45.7% of the money. It changed about 7.0% of the portfolio this quarter.

Value

$147m

Stocks

Top 10 share

45.7%

Turnover

7.0%

What changed this quarter

New

Bought for the first time this quarter.

Kinder MorganKMI
0.3% of the fund
Berkshire HathawayBRK-B
0.1% of the fund

Added

Bought more of a stock they already held.

Davis Fundamental ETF TRDWLD
8.7% of the fund
+2%
Victory Portfolios IIUITB
5.8% of the fund
+5%
Ishares TRUSIG
3.8% of the fund
+5%
Amazon.comAMZN
3.2% of the fund
+3%
MicrosoftMSFT
3.1% of the fund
+5%
2023 ETF Series TrustBINV
2.9% of the fund
+24%
Meta PlatformsMETA
1.7% of the fund
+13%
JPMorgan ChaseJPM
1.6% of the fund
+6%
Waste ManagementWM
1.4% of the fund
+8%
Capital GRP Fixed Incm ETF TCGHM
1.2% of the fund
+17%
Caseys General StoresCASY
1.0% of the fund
+46%
BlackstoneBX
0.9% of the fund
+6%
Pimco ETF TRBOND
0.9% of the fund
+13%
Intercontinental ExchangeICE
0.8% of the fund
+11%
Ares ManagementARES
0.8% of the fund
+5%
Select Sector Spdr TRXLF
0.6% of the fund
+3%
Select Sector Spdr TRXLY
0.5% of the fund
+2%
CrowdStrike HoldingsCRWD
0.5% of the fund
+57%
CaterpillarCAT
0.5% of the fund
+45%
Select Sector Spdr TRXLI
0.4% of the fund
+2%
Southern CompanySO
0.4% of the fund
+3%
Enterprise Products Partners L.P.EPD
0.3% of the fund
+15%
Select Sector Spdr TRXLC
0.2% of the fund
+18%

Cut

Sold some of their stake.

AlphabetGOOGL
4.2% of the fund
-4%
KLAKLAC
4.1% of the fund
-4%
BroadcomAVGO
4.0% of the fund
-2%
Advanced Micro DevicesAMD
2.9% of the fund
-15%
Vanguard Index FDSVUG
1.7% of the fund
-2%
Spdr Series TrustBIL
1.7% of the fund
-30%
Vanguard Index FDSVOO
0.8% of the fund
-20%
Home DepotHD
0.7% of the fund
-22%
Marsh & McLennan CompaniesMRSH
0.5% of the fund
-7%
AlphabetGOOG
0.5% of the fund
-3%
SalesforceCRM
0.3% of the fund
-6%
Lowe's CompaniesLOW
0.3% of the fund
-10%
KKRKKR
0.2% of the fund
-10%
Vanguard BD Index FDSBND
0.2% of the fund
-33%

Sold out

Sold their entire stake.

Holdings

Davis Fundamental ETF TRDWLD
Share
8.7%
Value
$13m
Shares
274,721
+2%
Victory Portfolios IIUITB
Share
5.8%
Value
$8m
Shares
181,398
+5%
NvidiaNVDA
Share
4.9%
Value
$7m
Shares
35,875
Held
AlphabetGOOGL
Share
4.2%
Value
$6m
Shares
17,365
-4%
KLAKLAC
Share
4.1%
Value
$6m
Shares
19,822
-4%
BroadcomAVGO
Share
4.0%
Value
$6m
Shares
15,465
-2%
AppleAAPL
Share
3.8%
Value
$6m
Shares
19,216
Held
Ishares TRUSIG
Share
3.8%
Value
$6m
Shares
108,370
+5%
Vanguard Index FDSVO
Share
3.3%
Value
$5m
Shares
59,524
Held
Amazon.comAMZN
Share
3.2%
Value
$5m
Shares
19,752
+3%
Invesco Actively Managed EXCGTO
Share
3.2%
Value
$5m
Shares
99,685
Held
MicrosoftMSFT
Share
3.1%
Value
$5m
Shares
12,219
+5%
Advanced Micro DevicesAMD
Share
2.9%
Value
$4m
Shares
7,430
-15%
2023 ETF Series TrustBINV
Share
2.9%
Value
$4m
Shares
101,976
+24%
Capital Group Growth ETFCGGR
Share
2.2%
Value
$3m
Shares
68,042
Held
Costco WholesaleCOST
Share
2.1%
Value
$3m
Shares
3,364
Held
Pgim ETF TRPSH
Share
2.0%
Value
$3m
Shares
60,047
Held
Vanguard Index FDSVUG
Share
1.7%
Value
$2m
Shares
29,007
-2%
Meta PlatformsMETA
Share
1.7%
Value
$2m
Shares
4,431
+13%
Spdr Series TrustBIL
Share
1.7%
Value
$2m
Shares
26,605
-30%
JPMorgan ChaseJPM
Share
1.6%
Value
$2m
Shares
7,209
+6%
Waste ManagementWM
Share
1.4%
Value
$2m
Shares
9,108
+8%
Select Sector Spdr TRXLK
Share
1.4%
Value
$2m
Shares
10,438
Held
Vanguard Index FDSVTV
Share
1.3%
Value
$2m
Shares
8,793
Held
DeereDE
Share
1.3%
Value
$2m
Shares
2,952
Held
AB Active EtfsHYFI
Share
1.3%
Value
$2m
Shares
49,134
Held
MerckMRK
Share
1.2%
Value
$2m
Shares
13,946
Held
Pgim ETF TRPHYL
Share
1.2%
Value
$2m
Shares
51,138
Held
Capital GRP Fixed Incm ETF TCGHM
Share
1.2%
Value
$2m
Shares
67,520
+17%
NextEra EnergyNEE
Share
1.1%
Value
$2m
Shares
19,102
Held
RTXRTX
Share
1.0%
Value
$1m
Shares
7,830
Held
ChevronCVX
Share
1.0%
Value
$1m
Shares
8,793
Held
Caseys General StoresCASY
Share
1.0%
Value
$1m
Shares
1,830
+46%
BlackstoneBX
Share
0.9%
Value
$1m
Shares
11,398
+6%
Pimco ETF TRBOND
Share
0.9%
Value
$1m
Shares
14,138
+13%
Intercontinental ExchangeICE
Share
0.8%
Value
$1m
Shares
9,630
+11%
Vanguard Index FDSVOO
Share
0.8%
Value
$1m
Shares
1,718
-20%
Ares ManagementARES
Share
0.8%
Value
$1m
Shares
9,885
+5%
Home DepotHD
Share
0.7%
Value
$1m
Shares
3,113
-22%
Micron TechnologyMU
Share
0.6%
Value
$934,975
Shares
810
Held
Select Sector Spdr TRXLF
Share
0.6%
Value
$864,085
Shares
16,118
+3%
Applied MaterialsAMAT
Share
0.6%
Value
$807,591
Shares
1,117
Held
Marsh & McLennan CompaniesMRSH
Share
0.5%
Value
$790,035
Shares
4,740
-7%
AlphabetGOOG
Share
0.5%
Value
$753,640
Shares
2,133
-3%
Select Sector Spdr TRXLY
Share
0.5%
Value
$723,050
Shares
6,165
+2%
CrowdStrike HoldingsCRWD
Share
0.5%
Value
$697,510
Shares
914
+57%
CaterpillarCAT
Share
0.5%
Value
$682,601
Shares
641
+45%
Select Sector Spdr TRXLI
Share
0.4%
Value
$639,250
Shares
3,451
+2%
Vanguard World FDVGT
Share
0.4%
Value
$625,329
Shares
5,232
Held
Union PacificUNP
Share
0.4%
Value
$607,770
Shares
2,234
Held
Putnam ETF TrustFTCA
Share
0.4%
Value
$604,893
Shares
81,522
Held
DanaherDHR
Share
0.4%
Value
$562,945
Shares
2,955
Held
Southern CompanySO
Share
0.4%
Value
$528,893
Shares
5,526
+3%
ASML Holding NVASML
Share
0.3%
Value
$509,297
Shares
256
Held
Select Sector Spdr TRXLP
Share
0.3%
Value
$476,699
Shares
5,739
Held
SalesforceCRM
Share
0.3%
Value
$454,280
Shares
2,900
-6%
Lowe's CompaniesLOW
Share
0.3%
Value
$385,600
Shares
1,749
-10%
Kinder MorganKMI
Share
0.3%
Value
$385,047
Shares
12,044
New
Enterprise Products Partners L.P.EPD
Share
0.3%
Value
$374,952
Shares
10,200
+15%
KKRKKR
Share
0.2%
Value
$360,145
Shares
3,924
-10%
Vanguard Tax-Managed FDSVEA
Share
0.2%
Value
$324,116
Shares
4,549
Held
Vanguard BD Index FDSBND
Share
0.2%
Value
$297,678
Shares
4,055
-33%
US BancorpUSB
Share
0.2%
Value
$272,162
Shares
4,506
Held
DNP Select Income FundDNP
Share
0.2%
Value
$252,377
Shares
23,390
Held
Select Sector Spdr TRXLC
Share
0.2%
Value
$238,364
Shares
2,225
+18%
Berkshire HathawayBRK-B
Share
0.1%
Value
$204,660
Shares
409
New

Company	Share of fund	Value	Shares	Change
Davis Fundamental ETF TRDWLD	8.7%	$13m	274,721	+2%
Victory Portfolios IIUITB	5.8%	$8m	181,398	+5%
NvidiaNVDA	4.9%	$7m	35,875	Held
AlphabetGOOGL	4.2%	$6m	17,365	-4%
KLAKLAC	4.1%	$6m	19,822	-4%
BroadcomAVGO	4.0%	$6m	15,465	-2%
AppleAAPL	3.8%	$6m	19,216	Held
Ishares TRUSIG	3.8%	$6m	108,370	+5%
Vanguard Index FDSVO	3.3%	$5m	59,524	Held
Amazon.comAMZN	3.2%	$5m	19,752	+3%
Invesco Actively Managed EXCGTO	3.2%	$5m	99,685	Held
MicrosoftMSFT	3.1%	$5m	12,219	+5%
Advanced Micro DevicesAMD	2.9%	$4m	7,430	-15%
2023 ETF Series TrustBINV	2.9%	$4m	101,976	+24%
Capital Group Growth ETFCGGR	2.2%	$3m	68,042	Held
Costco WholesaleCOST	2.1%	$3m	3,364	Held
Pgim ETF TRPSH	2.0%	$3m	60,047	Held
Vanguard Index FDSVUG	1.7%	$2m	29,007	-2%
Meta PlatformsMETA	1.7%	$2m	4,431	+13%
Spdr Series TrustBIL	1.7%	$2m	26,605	-30%
JPMorgan ChaseJPM	1.6%	$2m	7,209	+6%
Waste ManagementWM	1.4%	$2m	9,108	+8%
Select Sector Spdr TRXLK	1.4%	$2m	10,438	Held
Vanguard Index FDSVTV	1.3%	$2m	8,793	Held
DeereDE	1.3%	$2m	2,952	Held
AB Active EtfsHYFI	1.3%	$2m	49,134	Held
MerckMRK	1.2%	$2m	13,946	Held
Pgim ETF TRPHYL	1.2%	$2m	51,138	Held
Capital GRP Fixed Incm ETF TCGHM	1.2%	$2m	67,520	+17%
NextEra EnergyNEE	1.1%	$2m	19,102	Held
RTXRTX	1.0%	$1m	7,830	Held
ChevronCVX	1.0%	$1m	8,793	Held
Caseys General StoresCASY	1.0%	$1m	1,830	+46%
BlackstoneBX	0.9%	$1m	11,398	+6%
Pimco ETF TRBOND	0.9%	$1m	14,138	+13%
Intercontinental ExchangeICE	0.8%	$1m	9,630	+11%
Vanguard Index FDSVOO	0.8%	$1m	1,718	-20%
Ares ManagementARES	0.8%	$1m	9,885	+5%
Home DepotHD	0.7%	$1m	3,113	-22%
Micron TechnologyMU	0.6%	$934,975	810	Held
Select Sector Spdr TRXLF	0.6%	$864,085	16,118	+3%
Applied MaterialsAMAT	0.6%	$807,591	1,117	Held
Marsh & McLennan CompaniesMRSH	0.5%	$790,035	4,740	-7%
AlphabetGOOG	0.5%	$753,640	2,133	-3%
Select Sector Spdr TRXLY	0.5%	$723,050	6,165	+2%
CrowdStrike HoldingsCRWD	0.5%	$697,510	914	+57%
CaterpillarCAT	0.5%	$682,601	641	+45%
Select Sector Spdr TRXLI	0.4%	$639,250	3,451	+2%
Vanguard World FDVGT	0.4%	$625,329	5,232	Held
Union PacificUNP	0.4%	$607,770	2,234	Held
Putnam ETF TrustFTCA	0.4%	$604,893	81,522	Held
DanaherDHR	0.4%	$562,945	2,955	Held
Southern CompanySO	0.4%	$528,893	5,526	+3%
ASML Holding NVASML	0.3%	$509,297	256	Held
Select Sector Spdr TRXLP	0.3%	$476,699	5,739	Held
SalesforceCRM	0.3%	$454,280	2,900	-6%
Lowe's CompaniesLOW	0.3%	$385,600	1,749	-10%
Kinder MorganKMI	0.3%	$385,047	12,044	New
Enterprise Products Partners L.P.EPD	0.3%	$374,952	10,200	+15%
KKRKKR	0.2%	$360,145	3,924	-10%
Vanguard Tax-Managed FDSVEA	0.2%	$324,116	4,549	Held
Vanguard BD Index FDSBND	0.2%	$297,678	4,055	-33%
US BancorpUSB	0.2%	$272,162	4,506	Held
DNP Select Income FundDNP	0.2%	$252,377	23,390	Held
Select Sector Spdr TRXLC	0.2%	$238,364	2,225	+18%
Berkshire HathawayBRK-B	0.1%	$204,660	409	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 35.9% since 30 June 2025.

Where the money is

Technology24.8%

Media & telecom6.4%

Financial services5.2%

Industrials4.9%

Retail & consumer4.2%

Everyday goods3.1%

Utilities1.8%

Health care1.6%

Energy1.3%

Other46.7%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.