BIA

Bell Investment Advisors Portfolio holdings

AUM $582M

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2021 Q4 2021 Q3

This Quarter Return

+5.22%

1 Year Return

+9.2%

3 Year Return

+27.53%

5 Year Return

–

10 Year Return

–

AUM

$582M

AUM Growth

+$582M (+7.5%)

Cap. Flow

+$15.4M

Cap. Flow % of AUM

2.65%

Top 10 Holdings % Top 10 Hldgs %

59.02%

Holding

2,001

New

Increased

782

Reduced

417

Closed

122

Top Buys

1	Vanguard California Tax-Exempt Bond ETF VTEC	$3.5M
2	Vanguard Mortgage-Backed Securities ETF VMBS	$1.91M
3	iShares 20+ Year Treasury Bond ETF TLT	$1.86M
4	Goldman Sachs Access Treasury 0-1 Year ETF GBIL	$1.36M
5	Invesco FTSE RAFI US 1500 Small-Mid ETF PRFZ	$1.15M

Top Sells

1	iShares California Muni Bond ETF CMF	$3.09M
2	Schwab US Large- Cap ETF SCHX	$1.75M
3	Schwab Fundamental US Small Company Index ETF FNDA	$1.66M
4	iShares Core 60/40 Balanced Allocation ETF AOR	$1.19M
5	Vanguard Long-Term Treasury ETF VGLT	$598K

Sector Composition

1	Technology	2.86%
2	Communication Services	1.16%
3	Financials	1.13%
4	Industrials	1.1%
5	Healthcare	0.86%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
251	251 CVS Health CVS $93.6B	$48.8K	0.01%	708 +253	+56%	+$17.5K
252	252 Fiserv FI $73.6B	$48.8K	0.01%	283 -3	-1%	-$517
253	253 HCA Healthcare HCA $94.7B	$48.7K	0.01%	127 +13	+11%	+$4.98K
254	254 Welltower WELL $112B	$48.4K	0.01%	315 +26	+9%	+$4K
255	255 Comcast CMCSA $126B	$48.3K	0.01%	1,352 -127	-9%	-$4.53K
256	256 Kenvue KVUE $39.6B	$48.2K	0.01%	2,301 -71	-3%	-$1.49K
257	257 Lam Research LRCX $123B	$47.6K	0.01%	489 +81	+20%	+$7.89K
258	258 Roper Technologies ROP $55.7B	$47K	0.01%	83 +10	+14%	+$5.67K
259	259 Texas Instruments TXN $180B	$46.7K	0.01%	225 -204	-48%	-$42.4K
260	260 VICI Properties VICI $35.4B	$46.4K	0.01%	1,424 +351	+33%	+$11.4K
261	261 Ingredion INGR $8.22B	$46.4K	0.01%	342 -4	-1%	-$542
262	262 Colgate-Palmolive CL $68B	$45.5K	0.01%	501 +38	+8%	+$3.45K
263	263 Ford F $46.4B	$45.5K	0.01%	4,194 +505	+14%	+$5.48K
264	264 Medtronic MDT $120B	$45.3K	0.01%	520 -228	-30%	-$19.9K
265	265 Marvell Technology MRVL $55.5B	$45K	0.01%	581 +54	+10%	+$4.18K
266	266 General Motors GM $55.6B	$44.9K	0.01%	912 +42	+5%	+$2.07K
267	267 Lamb Weston LW $7.88B	$44.6K	0.01%	861 +10	+1%	+$519
268	268 Williams-Sonoma WSM $23.3B	$44.3K	0.01%	271 +7	+3%	+$1.14K
269	269 Danaher DHR $145B	$43.9K	0.01%	222 -85	-28%	-$16.8K
270	270 CRH CRH $74.6B	$43.8K	0.01%	477 +11	+2%	+$1.01K
271	271 Lowe's Companies LOW $145B	$43.7K	0.01%	197 +14	+8%	+$3.11K
272	272 iShares Expanded Tech Sector ETF IGM $8.52B	$43.7K	0.01%	389 -1,327	-77%	-$149K
273	273 ResMed RMD $39.7B	$43.6K	0.01%	169 +5	+3%	+$1.29K
274	274 Hartford Financial Services HIG $37B	$43.5K	0.01%	343 +4	+1%	+$507
275	275 Marsh & McLennan MMC $101B	$42.9K	0.01%	196 +2	+1%	+$437