Stockman Wealth Management, Inc.

BILLINGS, MT · CIK 1389400 · 13F filing filed 2026-08-11

SEC-registered investment adviser since 2002 · corporation

Assets managed$5.2bn
Staff30 · 23 in investment roles
Main clients (by assets)Banks 57%, High net worth individuals 20%, Individuals 6%
Form ADV · 2026-07-20SEC adviser record

Kindinstitutions
Others nearbyBillings, MT, Helena, MT, Missoula, MT, Bozeman, MT, Whitefish, MT, Great Falls, MT

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Billings, MT (main office)United States	United States	about 11
Helena, MTUnited States	United States	4
Missoula, MTUnited States	United States	3
Bozeman, MTUnited States	United States	1
Glendive, MTUnited States	United States	1
Great Falls, MTUnited States	United States	1
Sidney, MEUnited States	United States	1
Whitefish, MTUnited States	United States	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$967.7m reported value +6.8% vs Q1 2026

178positions

37.1%in top 10

13 new 58 added 78 reduced 13 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR CORE S&P SCP ETF IJR	IJR	366,639	$54.4m5.62%	5.62%	Reduced -12.6k	-12,640 -3.3%
2	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	749,535	$39.3m4.06%	4.06%	Added +13.8k	+13,837 1.9%
3	ISHARES TR CORE MSCI INTL IDEV	IDEV	438,997	$39.1m4.04%	4.04%	Reduced -8.1k	-8,094 -1.8%
4	ISHARES TR CORE S&P MCP ETF IJH	IJH	505,787	$39.0m4.03%	4.03%	Reduced -6.8k	-6,777 -1.3%
5	ISHARES TR MBS ETF MBB	MBB	383,765	$36.3m3.75%	3.75%	Reduced -13.8k	-13,753 -3.5%
6	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	16,107	$32.0m3.31%	3.31%	Reduced -1.7k	-1,724 -9.7%
7	CATERPILLAR INC COM CAT	CAT	29,686	$31.6m3.27%	3.27%	Reduced -4.2k	-4,205 -12.4%
8	ISHARES INC MSCI EMRG CHN EMXC	EMXC	298,938	$30.6m3.16%	3.16%	Reduced -26.5k	-26,470 -8.1%
9	APPLE INC COM AAPL	AAPL	104,288	$30.2m3.12%	3.12%	Reduced -4.6k	-4,601 -4.2%
10	CISCO SYS INC COM CSCO	CSCO	227,682	$26.7m2.76%	2.76%	Reduced -33.9k	-33,911 -13.0%
11	ISHARES TR BROAD USD HIGH USHY	USHY	694,160	$25.7m2.66%	2.66%	Added +44.0k	+44,048 6.8%
12	JPMORGAN CHASE & CO COM JPM	JPM	72,393	$23.7m2.45%	2.45%	Reduced -1.6k	-1,604 -2.2%
13	AMAZON COM INC COM AMZN	AMZN	97,250	$23.2m2.40%	2.40%	Reduced -5.1k	-5,145 -5.0%
14	MICROSOFT CORP COM MSFT	MSFT	60,210	$22.5m2.32%	2.32%	Reduced -1.6k	-1,631 -2.6%
15	MERCK & CO INC COM MRK	MRK	169,661	$21.8m2.25%	2.25%	Reduced -7.4k	-7,446 -4.2%
16	ALPHABET INC CAP STK CL A GOOGL	GOOGL	58,038	$20.7m2.14%	2.14%	Reduced -4.8k	-4,753 -7.6%
17	NVIDIA CORPORATION COM NVDA	NVDA	95,743	$19.2m1.98%	1.98%	Reduced -4.4k	-4,365 -4.4%
18	US BANCORP DEL COM NEW USB	USB	298,373	$18.0m1.86%	1.86%	Reduced -8.2k	-8,196 -2.7%
19	AMERICAN EXPRESS CO COM AXP	AXP	48,578	$16.4m1.70%	1.70%	Added +1.0k	+1,042 2.2%
20	BANK AMERICA CORP COM BAC	BAC	268,640	$15.3m1.58%	1.58%	Reduced -5.0k	-4,988 -1.8%
21	QUALCOMM INC COM QCOM	QCOM	80,436	$14.9m1.54%	1.54%	Reduced -4.2k	-4,217 -5.0%
22	UNITED PARCEL SERVICE INC CL B UPS	UPS	137,353	$14.8m1.53%	1.53%	Added +130	+130 0.1%
23	EXXON MOBIL CORP COM XOM	XOM	107,745	$14.7m1.52%	1.52%	Reduced -5.1k	-5,065 -4.5%
24	CRH PLC ORD CRH	CRH	131,724	$14.1m1.46%	1.46%	Reduced -110	-110 -0.1%
25	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	72,833	$13.9m1.43%	1.43%	Reduced -3.5k	-3,483 -4.6%
26	GSK PLC SPONSORED ADR GSK	GSK	264,689	$13.9m1.43%	1.43%	Reduced -5.5k	-5,458 -2.0%
27	PEPSICO INC COM PEP	PEP	101,084	$13.7m1.41%	1.41%	Added +375	+375 0.4%
28	CHEVRON CORP NEW COM CVX	CVX	81,353	$13.5m1.39%	1.39%	Reduced -2.6k	-2,614 -3.1%
29	PROCTER AND GAMBLE CO COM PG	PG	91,139	$13.4m1.38%	1.38%	Added +854	+854 0.9%
30	MCDONALDS CORP COM MCD	MCD	48,872	$13.2m1.37%	1.37%	Added +46.8k	+46,760 2214.0%
31	SCHLUMBERGER LTD COM STK SLB	SLB	267,734	$12.4m1.29%	1.29%	Reduced -18.8k	-18,808 -6.6%
32	LOCKHEED MARTIN CORP COM LMT	LMT	23,211	$11.8m1.22%	1.22%	Added +189	+189 0.8%
33	MEDTRONIC PLC SHS MDT	MDT	147,814	$11.6m1.19%	1.19%	Added +12.9k	+12,874 9.5%
34	SYSCO CORP COM SYY	SYY	136,000	$11.4m1.17%	1.17%	Added +3.2k	+3,226 2.4%
35	PFIZER INC COM PFE	PFE	465,614	$11.2m1.16%	1.16%	Added +4.4k	+4,377 0.9%
36	HOME DEPOT INC COM HD	HD	26,776	$9.4m0.98%	0.98%	Added +475	+475 1.8%
37	VERIZON COMMUNICATIONS INC COM VZ	VZ	202,846	$8.6m0.89%	0.89%	Reduced -1.9k	-1,944 -0.9%
38	LENNAR CORP CL A LEN	LEN	81,308	$7.4m0.76%	0.76%	Added +9.8k	+9,766 13.7%
39	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	130,794	$7.0m0.72%	0.72%	Added +7.5k	+7,452 6.0%
40	SELECT SECTOR SPDR TR INDL XLI	XLI	37,655	$7.0m0.72%	0.72%	Added +139	+139 0.4%
41	ISHARES TR CORE S&P500 ETF IVV	IVV	9,207	$6.9m0.71%	0.71%	Added +257	+257 2.9%
42	HONEYWELL INTL INC COM HON	HON	30,231	$6.8m0.70%	0.70%	New
43	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	41,697	$6.6m0.68%	0.68%	Added +2.2k	+2,175 5.5%
44	HONEYWELL AEROSPACE INC COM HONA	HONA	29,902	$6.6m0.68%	0.68%	New
45	ISHARES TR IBONDS 29 TRM TS IBTJ	IBTJ	255,938	$5.5m0.57%	0.57%	Added +8.0k	+8,032 3.2%
46	ISHARES TR IBOND DEC 2030 IBTK	IBTK	276,786	$5.4m0.56%	0.56%	Added +10.8k	+10,801 4.1%
47	SELECT SECTOR SPDR TR SBI CONS DISCR XLY	XLY	45,923	$5.4m0.56%	0.56%	Added +2.7k	+2,722 6.3%
48	ISHARES TR IBONDS DEC 2031 IBTL	IBTL	264,766	$5.3m0.55%	0.55%	Added +12.6k	+12,580 5.0%
49	ISHARES TR IBONDS 27 TRM TS IBTH	IBTH	234,473	$5.2m0.54%	0.54%	Added +6.3k	+6,313 2.8%
50	ISHARES TR IBONDS 28 TRM TS IBTI	IBTI	230,063	$5.1m0.53%	0.53%	Added +6.9k	+6,933 3.1%
51	ISHARES TR IBONDS DEC 2032 IBTM	IBTM	218,588	$5.0m0.51%	0.51%	Added +18.0k	+17,972 9.0%
52	SELECT SECTOR SPDR TR ENERGY XLE	XLE	85,994	$4.6m0.47%	0.47%	Reduced -3.1k	-3,128 -3.5%
53	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	52,939	$4.4m0.45%	0.45%	Added +1.9k	+1,886 3.7%
54	ISHARES TR IBONDS 26 TRM TS IBTG	IBTG	186,919	$4.3m0.44%	0.44%	Reduced -7.5k	-7,526 -3.9%
55	QUANTA SVCS INC COM PWR	PWR	5,936	$4.3m0.44%	0.44%	New
56	ISHARES TR CORE US AGGBD ET AGG	AGG	28,356	$2.8m0.29%	0.29%	Added +367	+367 1.3%
57	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	23,697	$2.5m0.26%	0.26%	Added +876	+876 3.8%
58	SCHWAB STRATEGIC TR US REIT ETF SCHH	SCHH	98,351	$2.3m0.24%	0.24%	Added +6.8k	+6,820 7.5%
59	ALPHABET INC CAP STK CL C GOOG	GOOG	6,246	$2.2m0.23%	0.23%	Reduced -520	-520 -7.7%
60	AMPHENOL CORP CL A APH	APH	12,102	$2.1m0.22%	0.22%	Added +2	+2 0.0%
61	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	4,158	$2.0m0.21%	0.21%	Added +330	+330 8.6%
62	SCHWAB STRATEGIC TR US LRG CAP ETF SCHX	SCHX	64,691	$1.9m0.20%	0.20%	Reduced -22.8k	-22,760 -26.0%
63	THOR INDS INC COM THO	THO	24,827	$1.9m0.19%	0.19%	Unchanged
64	ELI LILLY & CO COM LLY	LLY	1,454	$1.7m0.18%	0.18%	Reduced -211	-211 -12.7%
65	COSTCO WHSL CORP NEW COM COST	COST	1,698	$1.6m0.16%	0.16%	Reduced -385	-385 -18.5%
66	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	18,942	$1.6m0.16%	0.16%	Reduced -1.0k	-1,043 -5.2%
67	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	5,462	$1.5m0.16%	0.16%	Reduced -1.2k	-1,229 -18.4%
68	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	2,946	$1.5m0.15%	0.15%	Reduced -733	-733 -19.9%
69	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	28,502	$1.4m0.15%	0.15%	Added +304	+304 1.1%
70	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,050	$1.4m0.15%	0.15%	Reduced -364	-364 -15.1%
71	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	3,798	$1.4m0.15%	0.15%	Added +374	+374 10.9%
72	ISHARES TR IBONDS DEC 2033 IBTO	IBTO	57,551	$1.4m0.14%	0.14%	New
73	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	65,291	$1.2m0.13%	0.13%	Added +1.1k	+1,125 1.8%
74	SCHWAB STRATEGIC TR US AGGREGATE B SCHZ	SCHZ	53,630	$1.2m0.13%	0.13%	Reduced -9.9k	-9,895 -15.6%
75	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	32,622	$1.2m0.12%	0.12%	Added +900	+900 2.8%
76	USA COMPRESSION PARTNERS LP COMUNIT LTDPAR USAC	USAC	45,001	$1.2m0.12%	0.12%	Unchanged
77	ISHARES TR RUS 1000 GRW ETF IWF	IWF	9,364	$1.2m0.12%	0.12%	Added +972	+972 11.6%
78	VANGUARD INDEX FDS SMALL CP ETF VB	VB	3,719	$1.1m0.12%	0.12%	Reduced -735	-735 -16.5%
79	ASTRAZENECA PLC ORD AZN	AZN	5,841	$1.1m0.11%	0.11%	Added +51	+51 0.9%
80	JOHNSON & JOHNSON COM JNJ	JNJ	4,255	$1.1m0.11%	0.11%	Reduced -801	-801 -15.8%
81	APPLIED MATLS INC COM AMAT	AMAT	1,459	$1.1m0.11%	0.11%	Reduced -24	-24 -1.6%
82	SCHWAB STRATEGIC TR US TIPS ETF SCHP	SCHP	39,715	$1.1m0.11%	0.11%	New
83	ANTERO MIDSTREAM CORP COM AM	AM	45,000	$1.0m0.11%	0.11%	Unchanged
84	DUKE ENERGY CORP NEW COM NEW DUK	DUK	7,355	$931.0k0.10%	0.10%	Added +24	+24 0.3%
85	ONEOK INC NEW COM OKE	OKE	10,235	$889.8k0.09%	0.09%	Unchanged
86	FIRST INTST BANCSYSTEM INC COM FIBK	FIBK	22,023	$849.2k0.09%	0.09%	Added +4	+4 0.0%
87	WILLIAMS COS INC COM WMB	WMB	11,275	$838.2k0.09%	0.09%	Reduced -60	-60 -0.5%
88	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	9,639	$830.3k0.09%	0.09%	Added +1.9k	+1,917 24.8%
89	ORACLE CORP COM ORCL	ORCL	5,504	$806.6k0.08%	0.08%	Unchanged
90	VISA INC COM CL A V	V	2,320	$796.0k0.08%	0.08%	Reduced -106	-106 -4.4%
91	BOOKING HOLDINGS INC COM BKNG	BKNG	4,230	$754.0k0.08%	0.08%	Added +5	+5 0.1%
92	EMERSON ELEC CO COM EMR	EMR	5,082	$727.5k0.08%	0.08%	Reduced -990	-990 -16.3%
93	COCA COLA CO COM KO	KO	8,746	$710.8k0.07%	0.07%	Reduced -115	-115 -1.3%
94	WELLS FARGO CO NEW COM WFC	WFC	8,439	$697.4k0.07%	0.07%	Reduced -397	-397 -4.5%
95	ABBVIE INC COM ABBV	ABBV	2,687	$676.1k0.07%	0.07%	Reduced -216	-216 -7.4%
96	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,120	$650.6k0.07%	0.07%	Reduced -2	-2 -0.2%
97	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	25,070	$633.0k0.07%	0.07%	Added +1.0k	+1,028 4.3%
98	INTEL CORP COM INTC	INTC	4,491	$627.1k0.06%	0.06%	New
99	BRITISH AMERN TOB PLC SPONSORED ADR BTI	BTI	10,052	$620.8k0.06%	0.06%	Added +52	+52 0.5%
100	TRAVELERS COMPANIES INC COM TRV	TRV	1,865	$615.7k0.06%	0.06%	Added +3	+3 0.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		30,286	$13.7m30.3k shares
GLOBAL X FDS PAVE	PAVE	61,200	$3.1m61.2k shares
VANGUARD SCOTTSDALE FDS VCSH	VCSH	18,775	$1.5m18.8k shares
ISHARES TR IVW	IVW	10,629	$1.2m10.6k shares
ISHARES TR IVE	IVE	2,800	$591.2k2.8k shares
SCHWAB STRATEGIC TR SCHB	SCHB	16,273	$408.5k16.3k shares
AT&T INC T	T	10,817	$313.6k10.8k shares
VANGUARD INDEX FDS VNQ	VNQ	2,914	$258.5k2.9k shares
ISHARES TR MUB	MUB	2,246	$238.4k2.2k shares
INTERDIGITAL INC IDCC	IDCC	752	$227.1k752 shares
SHELL PLC SHEL	SHEL	2,325	$216.2k2.3k shares
FEDEX CORP FDX	FDX	575	$204.8k575 shares
AMERICAN WTR WKS CO INC NEW AWK	AWK	1,480	$201.4k1.5k shares