Allied Investment Advisors, LLC Activity Q4 2017-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
VHT	Buy	VANGUARD WORLD FDShealth car etf	$29,292,520	-1.3%	124,596	+2.8%	8.76%	+1.9%
MSFT	Sell	MICROSOFT CORP	$19,520,297	-7.8%	61,822	-0.5%	5.84%	-4.7%
AAPL	Sell	APPLE INC	$13,867,003	-12.5%	80,994	-0.9%	4.15%	-9.6%
VPU	New	VANGUARD WORLD FDSutilities etf	$13,304,718	–	104,318	–	3.98%	–
CAT	Sell	CATERPILLAR INC	$11,945,115	+10.3%	43,755	-0.6%	3.57%	+13.9%
XOM	Buy	EXXON MOBIL CORP	$11,921,154	+10.2%	101,388	+0.5%	3.57%	+13.8%
CVX	Buy	CHEVRON CORP NEW	$11,393,653	+7.6%	67,570	+0.4%	3.41%	+11.2%
	Sell	SHELL PLCspon ads	$10,841,206	+6.4%	168,394	-0.2%	3.24%	+9.9%
JPM	Buy	JPMORGAN CHASE & CO	$10,653,459	+0.5%	73,462	+0.8%	3.19%	+3.8%
FDX	Sell	FEDEX CORP	$10,259,822	+5.8%	38,728	-1.0%	3.07%	+9.3%
LOW	Buy	LOWES COS INC	$10,234,249	-7.4%	49,241	+0.6%	3.06%	-4.4%
TTE	Buy	TOTALENERGIES SEsponsored ads	$9,683,818	+15.4%	147,260	+1.1%	2.90%	+19.2%
EMR	Buy	EMERSON ELEC CO	$9,344,499	+8.4%	96,764	+1.4%	2.80%	+11.9%
DE	Buy	DEERE & CO	$8,936,358	-5.2%	23,680	+1.8%	2.67%	-2.1%
MRK	Buy	MERCK & CO INC	$8,490,184	-10.2%	82,469	+0.7%	2.54%	-7.2%
JNJ	Buy	JOHNSON & JOHNSON	$8,313,520	-4.9%	53,377	+1.1%	2.49%	-1.7%
PG	Buy	PROCTER AND GAMBLE CO	$8,243,507	-0.8%	56,517	+3.2%	2.47%	+2.5%
PEP	Buy	PEPSICO INC	$8,214,621	-7.7%	48,481	+0.9%	2.46%	-4.7%
WFC	Buy	WELLS FARGO CO NEW	$8,204,320	-2.3%	200,791	+2.1%	2.46%	+0.9%
OTIS	Buy	OTIS WORLDWIDE CORP	$7,758,508	-8.7%	96,607	+1.2%	2.32%	-5.7%
BAC	Buy	BANK AMERICA CORP	$7,520,957	-2.1%	274,688	+2.6%	2.25%	+1.1%
STT	Buy	STATE STR CORP	$7,317,724	-6.1%	109,285	+2.6%	2.19%	-3.1%
ABT	Buy	ABBOTT LABS	$7,192,372	-7.2%	74,263	+4.5%	2.15%	-4.1%
KMB	Buy	KIMBERLY-CLARK CORP	$7,170,997	-9.6%	59,338	+3.3%	2.15%	-6.6%
SYY	Buy	SYSCO CORP	$7,171,775	-8.2%	108,581	+3.1%	2.15%	-5.2%
GS	Buy	GOLDMAN SACHS GROUP INC	$7,083,918	+1.8%	21,893	+1.5%	2.12%	+5.2%
MDT	Buy	MEDTRONIC PLC	$7,019,802	-9.0%	89,584	+2.4%	2.10%	-6.0%
USB	Buy	US BANCORP DEL	$7,004,521	+2.6%	211,873	+2.5%	2.10%	+6.0%
LMT	Buy	LOCKHEED MARTIN CORP	$6,893,430	-8.7%	16,856	+2.8%	2.06%	-5.7%
RTX	Buy	RTX CORPORATION	$6,826,786	-24.2%	94,856	+3.1%	2.04%	-21.8%
PFE	Buy	PFIZER INC	$5,797,287	-3.7%	174,775	+6.5%	1.74%	-0.5%
MMM	Buy	3M CO	$5,782,907	-1.9%	61,770	+4.9%	1.73%	+1.3%
TGT	Buy	TARGET CORP	$5,552,162	-10.9%	50,214	+6.3%	1.66%	-8.0%
AAON	Buy	AAON INC	$1,924,879	-10.0%	33,847	+50.0%	0.58%	-7.1%
NOBL	Sell	PROSHARES TRs&p 500 dv arist	$1,675,809	-17.3%	18,925	-12.0%	0.50%	-14.7%
WMT	Sell	WALMART INC	$1,344,691	-84.3%	8,408	-84.5%	0.40%	-83.8%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$1,130,958	-84.9%	8,061	-85.6%	0.34%	-84.4%
SBUX	Sell	STARBUCKS CORP	$637,156	-15.7%	6,981	-8.5%	0.19%	-12.8%
BA	Sell	BOEING CO	$628,519	-15.5%	3,279	-6.9%	0.19%	-13.0%
HD	Sell	HOME DEPOT INC	$562,018	-4.3%	1,860	-1.6%	0.17%	-1.2%
VFH	New	VANGUARD WORLD FDSfinancials etf	$356,300	–	4,436	–	0.11%	–
GOOGL	Buy	ALPHABET INCcap stk cl a	$327,804	+9.8%	2,505	+0.4%	0.10%	+14.0%
FIBK	Sell	FIRST INTST BANCSYSTEM INC	$269,452	-7.6%	10,804	-11.7%	0.08%	-4.7%
SCHV	Sell	SCHWAB STRATEGIC TRus lcap va etf	$259,709	-6.5%	4,029	-2.7%	0.08%	-2.5%
AMZN	Sell	AMAZON COM INC	$261,486	-38.8%	2,057	-37.2%	0.08%	-37.1%
	New	RYVYL INC	$44,272	–	14,684	–	0.01%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-475	–	-0.06%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,808	–	-0.06%	–
C	Exit	CITIGROUP INC	$0	–	-5,335	–	-0.07%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-1,308	–	-0.07%	–

Q2 2023

			Value		Shares		↓ Weighting
VHT	New	VANGUARD WORLD FDShealth car etf	$29,681,242	–	121,237	–	8.60%	–
MSFT	New	MICROSOFT CORP	$21,162,177	–	62,143	–	6.13%	–
AAPL	New	APPLE INC	$15,850,282	–	81,715	–	4.59%	–
LOW	New	LOWES COS INC	$11,052,755	–	48,971	–	3.20%	–
CAT	New	CATERPILLAR INC	$10,830,629	–	44,018	–	3.14%	–
XOM	New	EXXON MOBIL CORP	$10,816,656	–	100,855	–	3.13%	–
JPM	New	JPMORGAN CHASE & CO	$10,596,031	–	72,855	–	3.07%	–
CVX	New	CHEVRON CORP NEW	$10,587,137	–	67,284	–	3.07%	–
	New	SHELL PLCspon ads	$10,192,325	–	168,803	–	2.95%	–
FDX	New	FEDEX CORP	$9,698,592	–	39,123	–	2.81%	–
MRK	New	MERCK & CO INC	$9,453,210	–	81,924	–	2.74%	–
DE	New	DEERE & CO	$9,422,693	–	23,255	–	2.73%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$9,011,340	–	91,990	–	2.61%	–
PEP	New	PEPSICO INC	$8,899,265	–	48,047	–	2.58%	–
JNJ	New	JOHNSON & JOHNSON	$8,737,690	–	52,789	–	2.53%	–
EMR	New	EMERSON ELEC CO	$8,623,116	–	95,399	–	2.50%	–
WMT	New	WALMART INC	$8,541,318	–	54,341	–	2.48%	–
OTIS	New	OTIS WORLDWIDE CORP	$8,497,963	–	95,472	–	2.46%	–
WFC	New	WELLS FARGO CO NEW	$8,397,546	–	196,756	–	2.43%	–
TTE	New	TOTALENERGIES SEsponsored ads	$8,394,056	–	145,629	–	2.43%	–
PG	New	PROCTER AND GAMBLE CO	$8,306,638	–	54,743	–	2.41%	–
KMB	New	KIMBERLY-CLARK CORP	$7,929,200	–	57,433	–	2.30%	–
SYY	New	SYSCO CORP	$7,813,186	–	105,299	–	2.26%	–
STT	New	STATE STR CORP	$7,796,963	–	106,545	–	2.26%	–
ABT	New	ABBOTT LABS	$7,747,070	–	71,061	–	2.24%	–
MDT	New	MEDTRONIC PLC	$7,710,248	–	87,517	–	2.23%	–
BAC	New	BANK AMERICA CORP	$7,682,637	–	267,781	–	2.23%	–
LMT	New	LOCKHEED MARTIN CORP	$7,551,153	–	16,402	–	2.19%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$7,481,852	–	55,914	–	2.17%	–
GS	New	GOLDMAN SACHS GROUP INC	$6,957,833	–	21,572	–	2.02%	–
USB	New	US BANCORP DEL	$6,828,410	–	206,671	–	1.98%	–
TGT	New	TARGET CORP	$6,230,428	–	47,236	–	1.80%	–
PFE	New	PFIZER INC	$6,017,427	–	164,052	–	1.74%	–
MMM	New	3M CO	$5,894,801	–	58,895	–	1.71%	–
AAON	New	AAON INC	$2,139,388	–	22,565	–	0.62%	–
NOBL	New	PROSHARES TRs&p 500 dv arist	$2,027,303	–	21,503	–	0.59%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$1,038,634	–	2,349	–	0.30%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$1,035,620	–	2	–	0.30%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$961,620	–	2,820	–	0.28%	–
SPLV	New	INVESCO EXCH TRADED FD TR IIs&p500 low vol	$766,282	–	12,200	–	0.22%	–
SBUX	New	STARBUCKS CORP	$755,828	–	7,630	–	0.22%	–
BA	New	BOEING CO	$743,917	–	3,523	–	0.22%	–
EBMT	New	EAGLE BANCORP MONT INC	$730,640	–	55,226	–	0.21%	–
HD	New	HOME DEPOT INC	$587,110	–	1,890	–	0.17%	–
AMZN	New	AMAZON COM INC	$426,929	–	3,275	–	0.12%	–
DFUS	New	DIMENSIONAL ETF TRUSTus equity etf	$373,336	–	7,752	–	0.11%	–
GBCI	New	GLACIER BANCORP INC NEW	$369,957	–	11,869	–	0.11%	–
MCD	New	MCDONALDS CORP	$320,194	–	1,073	–	0.09%	–
GOOGL	New	ALPHABET INCcap stk cl a	$298,532	–	2,494	–	0.09%	–
FIBK	New	FIRST INTST BANCSYSTEM INC	$291,659	–	12,234	–	0.08%	–
SCHV	New	SCHWAB STRATEGIC TRus lcap va etf	$277,686	–	4,139	–	0.08%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$254,341	–	1,308	–	0.07%	–
C	New	CITIGROUP INC	$245,623	–	5,335	–	0.07%	–
VIS	New	VANGUARD WORLD FDSindustrial etf	$239,442	–	1,165	–	0.07%	–
GOOG	New	ALPHABET INCcap stk cl c	$218,714	–	1,808	–	0.06%	–
CSL	New	CARLISLE COS INC	$210,355	–	820	–	0.06%	–
IVV	New	ISHARES TRcore s&p500 etf	$211,712	–	475	–	0.06%	–
DNP	New	DNP SELECT INCOME FD INC	$161,476	–	15,408	–	0.05%	–
GERN	New	GERON CORP	$67,278	–	20,959	–	0.02%	–

Q4 2022

			Value		Shares		↓ Weighting
GERN	Exit	GERON CORP	$0	–	-20,959	–	-0.02%	–
DNP	Exit	DNP SELECT INCOME FD INC	$0	–	-15,994	–	-0.06%	–
WPC	Exit	WP CAREY INC	$0	–	-2,945	–	-0.08%	–
CSL	Exit	CARLISLE COS INC	$0	–	-820	–	-0.09%	–
SCHV	Exit	SCHWAB STRATEGIC TRus lcap va etf	$0	–	-4,022	–	-0.09%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-1,066	–	-0.09%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-1,409	–	-0.09%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-515	–	-0.09%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-2,680	–	-0.10%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,294	–	-0.11%	–
BA	Exit	BOEING CO	$0	–	-3,277	–	-0.15%	–
FIBK	Exit	FIRST INTST BANCSYSTEM INC	$0	–	-10,144	–	-0.15%	–
GBCI	Exit	GLACIER BANCORP INC NEW	$0	–	-10,182	–	-0.19%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,068	–	-0.21%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-6,940	–	-0.22%	–
SPLV	Exit	INVESCO EXCH TRADED FD TR IIs&p500 low vol	$0	–	-12,200	–	-0.26%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-2,349	–	-0.27%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,770	–	-0.28%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-2	–	-0.30%	–
EBMT	Exit	EAGLE BANCORP MONT INC	$0	–	-55,426	–	-0.39%	–
AAON	Exit	AAON INC	$0	–	-23,255	–	-0.47%	–
NOBL	Exit	PROSHARES TRs&p 500 dv arist	$0	–	-21,542	–	-0.64%	–
MMM	Exit	3M CO	$0	–	-44,009	–	-1.81%	–
FDX	Exit	FEDEX CORP	$0	–	-33,291	–	-1.84%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-83,327	–	-1.98%	–
STT	Exit	STATE STR CORP	$0	–	-93,491	–	-2.12%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-72,471	–	-2.18%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-52,307	–	-2.20%	–
USB	Exit	US BANCORP DEL	$0	–	-146,339	–	-2.20%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-15,576	–	-2.24%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-50,673	–	-2.24%	–
TGT	Exit	TARGET CORP	$0	–	-41,246	–	-2.28%	–
ABT	Exit	ABBOTT LABS	$0	–	-65,962	–	-2.38%	–
PFE	Exit	PFIZER INC	$0	–	-147,122	–	-2.40%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-88,866	–	-2.43%	–
WMT	Exit	WALMART INC	$0	–	-50,406	–	-2.44%	–
TTE	Exit	TOTALENERGIES SEsponsored ads	$0	–	-142,166	–	-2.47%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-52,383	–	-2.47%	–
SYY	Exit	SYSCO CORP	$0	–	-96,389	–	-2.54%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-226,995	–	-2.56%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-67,298	–	-2.62%	–
MRK	Exit	MERCK & CO INC	$0	–	-82,021	–	-2.64%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-86,528	–	-2.64%	–
CAT	Exit	CATERPILLAR INC	$0	–	-43,398	–	-2.66%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-180,603	–	-2.71%	–
PEP	Exit	PEPSICO INC	$0	–	-45,881	–	-2.79%	–
DE	Exit	DEERE & CO	$0	–	-23,368	–	-2.91%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-49,038	–	-2.99%	–
	Exit	SHELL PLCspon ads	$0	–	-170,945	–	-3.17%	–
LOW	Exit	LOWES COS INC	$0	–	-48,047	–	-3.37%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-69,481	–	-3.72%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-118,888	–	-3.87%	–
AAPL	Exit	APPLE INC	$0	–	-81,334	–	-4.19%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-60,181	–	-5.23%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-112,073	–	-9.35%	–

Q3 2022

			Value		Shares		↓ Weighting
VHT	Buy	VANGUARD WORLD FDShealth car etf	$25,071,000	-3.0%	112,073	+2.1%	9.35%	+0.9%
MSFT	Buy	MICROSOFT CORP	$14,016,000	-8.1%	60,181	+1.4%	5.23%	-4.4%
AAPL	Buy	APPLE INC	$11,240,000	+1.6%	81,334	+0.5%	4.19%	+5.6%
XOM	Buy	EXXON MOBIL CORP	$10,380,000	+2.2%	118,888	+0.3%	3.87%	+6.3%
CVX	Buy	CHEVRON CORP NEW	$9,982,000	-0.5%	69,481	+0.2%	3.72%	+3.4%
LOW	Buy	LOWES COS INC	$9,024,000	+9.4%	48,047	+1.7%	3.37%	+13.7%
	Buy	SHELL PLCspon ads	$8,506,000	-4.3%	170,945	+0.6%	3.17%	-0.5%
JNJ	Buy	JOHNSON & JOHNSON	$8,011,000	-6.6%	49,038	+1.5%	2.99%	-2.9%
DE	Buy	DEERE & CO	$7,802,000	+16.6%	23,368	+4.6%	2.91%	+21.2%
PEP	Buy	PEPSICO INC	$7,491,000	-0.3%	45,881	+1.8%	2.79%	+3.7%
WFC	Buy	WELLS FARGO CO NEW	$7,264,000	+6.8%	180,603	+4.0%	2.71%	+11.1%
CAT	Buy	CATERPILLAR INC	$7,121,000	-3.7%	43,398	+4.9%	2.66%	+0.1%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$7,083,000	-13.5%	86,528	+1.5%	2.64%	-10.1%
MRK	Buy	MERCK & CO INC	$7,064,000	-3.7%	82,021	+1.9%	2.64%	+0.1%
JPM	Buy	JPMORGAN CHASE & CO	$7,033,000	-2.2%	67,298	+5.3%	2.62%	+1.6%
BAC	Buy	BK OF AMERICA CORP	$6,855,000	+1.1%	226,995	+4.2%	2.56%	+5.1%
SYY	Buy	SYSCO CORP	$6,816,000	-15.0%	96,389	+1.9%	2.54%	-11.6%
PG	Buy	PROCTER AND GAMBLE CO	$6,613,000	-9.9%	52,383	+2.7%	2.47%	-6.3%
TTE	Buy	TOTALENERGIES SEsponsored ads	$6,614,000	-8.7%	142,166	+3.2%	2.47%	-5.1%
WMT	Buy	WALMART INC	$6,538,000	+11.2%	50,406	+4.2%	2.44%	+15.6%
EMR	Buy	EMERSON ELEC CO	$6,507,000	-5.3%	88,866	+2.9%	2.43%	-1.5%
PFE	Buy	PFIZER INC	$6,438,000	-14.3%	147,122	+2.6%	2.40%	-10.9%
ABT	Buy	ABBOTT LABS	$6,382,000	-7.8%	65,962	+3.5%	2.38%	-4.1%
TGT	Buy	TARGET CORP	$6,120,000	+13.9%	41,246	+8.4%	2.28%	+18.4%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$6,020,000	-12.1%	50,673	+4.5%	2.24%	-8.6%
LMT	Buy	LOCKHEED MARTIN CORP	$6,017,000	-7.5%	15,576	+3.0%	2.24%	-3.8%
USB	Buy	US BANCORP DEL	$5,900,000	-6.7%	146,339	+6.5%	2.20%	-3.0%
KMB	Buy	KIMBERLY-CLARK CORP	$5,887,000	-14.5%	52,307	+2.7%	2.20%	-11.1%
MDT	Buy	MEDTRONIC PLC	$5,852,000	-6.1%	72,471	+4.3%	2.18%	-2.4%
STT	Buy	STATE STR CORP	$5,685,000	+4.2%	93,491	+5.6%	2.12%	+8.3%
OTIS	Buy	OTIS WORLDWIDE CORP	$5,316,000	-6.4%	83,327	+3.7%	1.98%	-2.6%
FDX	Buy	FEDEX CORP	$4,943,000	-30.5%	33,291	+6.1%	1.84%	-27.8%
MMM	Buy	3M CO	$4,863,000	-8.6%	44,009	+7.1%	1.81%	-4.9%
EBMT	New	EAGLE BANCORP MONT INC	$1,053,000	–	55,426	–	0.39%	–
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$740,000	-4.8%	2,770	-2.7%	0.28%	-1.1%
VGT	Sell	VANGUARD WORLD FDSinf tech etf	$722,000	-8.0%	2,349	-2.2%	0.27%	-4.6%
SPLV	Sell	INVESCO EXCH TRADED FD TR IIs&p500 low vol	$706,000	-9.7%	12,200	-3.3%	0.26%	-6.4%
HD	Sell	HOME DEPOT INC	$571,000	-1.9%	2,068	-2.6%	0.21%	+1.9%
FIBK	Buy	FIRST INTST BANCSYSTEM INC	$409,000	+13.3%	10,144	+7.2%	0.15%	+18.6%
BA	Sell	BOEING CO	$397,000	-11.6%	3,277	-0.3%	0.15%	-8.1%
MCD	Buy	MCDONALDS CORP	$299,000	-0.3%	1,294	+6.6%	0.11%	+3.7%
GOOGL	Buy	ALPHABET INCcap stk cl a	$256,000	-7.6%	2,680	+2010.2%	0.10%	-4.0%
COST	Sell	COSTCO WHSL CORP NEW	$243,000	-3.6%	515	-1.9%	0.09%	+1.1%
VDC	Sell	VANGUARD WORLD FDSconsum stp etf	$242,000	-10.4%	1,409	-3.4%	0.09%	-7.2%
SCHV	Buy	SCHWAB STRATEGIC TRus lcap va etf	$235,000	+2.6%	4,022	+9.5%	0.09%	+7.3%
CSL	New	CARLISLE COS INC	$230,000	–	820	–	0.09%	–
WPC	Sell	WP CAREY INC	$206,000	-17.6%	2,945	-2.5%	0.08%	-14.4%
C	Exit	CITIGROUP INC	$0	–	-4,595	–	-0.08%	–
SM	Exit	SM ENERGY CO	$0	–	-11,020	–	-0.14%	–

Q2 2022

			Value		Shares		↓ Weighting
VHT	New	VANGUARD WORLD FDShealth car etf	$25,847,000	–	109,753	–	9.27%	–
MSFT	New	MICROSOFT CORP	$15,249,000	–	59,374	–	5.47%	–
AAPL	New	APPLE INC	$11,065,000	–	80,934	–	3.97%	–
XOM	New	EXXON MOBIL CORP	$10,153,000	–	118,553	–	3.64%	–
CVX	New	CHEVRON CORP NEW	$10,036,000	–	69,322	–	3.60%	–
	New	SHELL PLCspon ads	$8,889,000	–	169,990	–	3.19%	–
JNJ	New	JOHNSON & JOHNSON	$8,579,000	–	48,327	–	3.08%	–
LOW	New	LOWES COS INC	$8,252,000	–	47,242	–	2.96%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$8,189,000	–	85,209	–	2.94%	–
SYY	New	SYSCO CORP	$8,016,000	–	94,631	–	2.88%	–
PFE	New	PFIZER INC	$7,515,000	–	143,327	–	2.70%	–
PEP	New	PEPSICO INC	$7,511,000	–	45,070	–	2.69%	–
CAT	New	CATERPILLAR INC	$7,395,000	–	41,370	–	2.65%	–
MRK	New	MERCK & CO INC	$7,338,000	–	80,484	–	2.63%	–
PG	New	PROCTER AND GAMBLE CO	$7,336,000	–	51,020	–	2.63%	–
TTE	New	TOTALENERGIES SEsponsored ads	$7,248,000	–	137,695	–	2.60%	–
JPM	New	JPMORGAN CHASE & CO	$7,194,000	–	63,887	–	2.58%	–
FDX	New	FEDEX CORP	$7,116,000	–	31,387	–	2.55%	–
ABT	New	ABBOTT LABS	$6,922,000	–	63,705	–	2.48%	–
KMB	New	KIMBERLY-CLARK CORP	$6,883,000	–	50,930	–	2.47%	–
EMR	New	EMERSON ELEC CO	$6,868,000	–	86,347	–	2.46%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$6,847,000	–	48,494	–	2.46%	–
WFC	New	WELLS FARGO CO NEW	$6,803,000	–	173,685	–	2.44%	–
BAC	New	BK OF AMERICA CORP	$6,779,000	–	217,780	–	2.43%	–
DE	New	DEERE & CO	$6,692,000	–	22,345	–	2.40%	–
LMT	New	LOCKHEED MARTIN CORP	$6,502,000	–	15,122	–	2.33%	–
USB	New	US BANCORP DEL	$6,326,000	–	137,467	–	2.27%	–
MDT	New	MEDTRONIC PLC	$6,234,000	–	69,455	–	2.24%	–
WMT	New	WALMART INC	$5,881,000	–	48,371	–	2.11%	–
OTIS	New	OTIS WORLDWIDE CORP	$5,677,000	–	80,338	–	2.04%	–
STT	New	STATE STR CORP	$5,458,000	–	88,525	–	1.96%	–
TGT	New	TARGET CORP	$5,375,000	–	38,058	–	1.93%	–
MMM	New	3M CO	$5,318,000	–	41,097	–	1.91%	–
NOBL	New	PROSHARES TRs&p 500 dv arist	$1,839,000	–	21,542	–	0.66%	–
AAON	New	AAON INC	$1,273,000	–	23,255	–	0.46%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$818,000	–	2	–	0.29%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$785,000	–	2,403	–	0.28%	–
SPLV	New	INVESCO EXCH TRADED FD TR IIs&p500 low vol	$782,000	–	12,620	–	0.28%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$777,000	–	2,847	–	0.28%	–
HD	New	HOME DEPOT INC	$582,000	–	2,123	–	0.21%	–
SBUX	New	STARBUCKS CORP	$530,000	–	6,940	–	0.19%	–
GBCI	New	GLACIER BANCORP INC NEW	$483,000	–	10,182	–	0.17%	–
BA	New	BOEING CO	$449,000	–	3,286	–	0.16%	–
SM	New	SM ENERGY CO	$377,000	–	11,020	–	0.14%	–
FIBK	New	FIRST INTST BANCSYSTEM INC	$361,000	–	9,462	–	0.13%	–
MCD	New	MCDONALDS CORP	$300,000	–	1,214	–	0.11%	–
GOOGL	New	ALPHABET INCcap stk cl a	$277,000	–	127	–	0.10%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$270,000	–	1,459	–	0.10%	–
COST	New	COSTCO WHSL CORP NEW	$252,000	–	525	–	0.09%	–
WPC	New	WP CAREY INC	$250,000	–	3,020	–	0.09%	–
SCHV	New	SCHWAB STRATEGIC TRus lcap va etf	$229,000	–	3,674	–	0.08%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$224,000	–	1,066	–	0.08%	–
C	New	CITIGROUP INC	$211,000	–	4,595	–	0.08%	–
DNP	New	DNP SELECT INCOME FD INC	$173,000	–	15,994	–	0.06%	–
GERN	New	GERON CORP	$32,000	–	20,959	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
DNP	Exit	DNP SELECT INCOME FD INC	$0	–	-15,994	–	-0.06%	–
TRIT	Exit	TRITERRAS INC	$0	–	-32,510	–	-0.07%	–
VIS	Exit	VANGUARD WORLD FDSindustrial etf	$0	–	-1,070	–	-0.08%	–
SCHV	Exit	SCHWAB STRATEGIC TRus lcap va etf	$0	–	-3,133	–	-0.08%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-1,066	–	-0.08%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-1,459	–	-0.10%	–
IPAY	Exit	ETF MANAGERS TRprime mobile pay	$0	–	-4,010	–	-0.10%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,214	–	-0.11%	–
VOX	Exit	VANGUARD WORLD FDS	$0	–	-2,185	–	-0.12%	–
SM	Exit	SM ENERGY CO	$0	–	-11,895	–	-0.12%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-119	–	-0.12%	–
C	Exit	CITIGROUP INC	$0	–	-4,595	–	-0.12%	–
FIBK	Exit	FIRST INTST BANCSYSTEM INC	$0	–	-9,167	–	-0.14%	–
GBCI	Exit	GLACIER BANCORP INC NEW	$0	–	-10,382	–	-0.22%	–
BA	Exit	BOEING CO	$0	–	-2,623	–	-0.22%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,210	–	-0.27%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-6,740	–	-0.28%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,752	–	-0.28%	–
SPLV	Exit	INVESCO EXCH TRADED FD TR IIs&p500 low vol	$0	–	-12,620	–	-0.29%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-1,978	–	-0.30%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-2	–	-0.31%	–
AAON	Exit	AAON INC	$0	–	-23,685	–	-0.59%	–
NOBL	Exit	PROSHARES TRs&p 500 dv arist	$0	–	-22,378	–	-0.75%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-12,270	–	-1.60%	–
MRK	Exit	MERCK & CO INC	$0	–	-66,136	–	-1.88%	–
FDX	Exit	FEDEX CORP	$0	–	-25,269	–	-2.10%	–
MMM	Exit	3M CO	$0	–	-31,629	–	-2.10%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-40,074	–	-2.11%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-42,389	–	-2.12%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-69,248	–	-2.16%	–
PFE	Exit	PFIZER INC	$0	–	-132,927	–	-2.16%	–
WMT	Exit	WALMART INC	$0	–	-42,007	–	-2.22%	–
TTE	Exit	TOTALENERGIES SEsponsored ads	$0	–	-124,620	–	-2.26%	–
PEP	Exit	PEPSICO INC	$0	–	-40,842	–	-2.32%	–
STT	Exit	STATE STR CORP	$0	–	-74,677	–	-2.39%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-46,223	–	-2.44%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-78,187	–	-2.54%	–
ABT	Exit	ABBOTT LABS	$0	–	-58,291	–	-2.60%	–
SYY	Exit	SYSCO CORP	$0	–	-87,968	–	-2.61%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-117,496	–	-2.61%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-42,959	–	-2.62%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-157,448	–	-2.64%	–
CAT	Exit	CATERPILLAR INC	$0	–	-36,490	–	-2.65%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-69,225	–	-2.66%	–
USB	Exit	US BANCORP DEL	$0	–	-118,834	–	-2.67%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-56,704	–	-2.69%	–
DE	Exit	DEERE & CO	$0	–	-21,337	–	-2.70%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-76,389	–	-2.72%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-163,635	–	-2.87%	–
TGT	Exit	TARGET CORP	$0	–	-35,644	–	-3.08%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-199,445	–	-3.20%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-55,218	–	-3.42%	–
LOW	Exit	LOWES COS INC	$0	–	-45,042	–	-3.46%	–
AAPL	Exit	APPLE INC	$0	–	-79,229	–	-4.24%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-57,964	–	-6.18%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-97,859	–	-9.15%	–

Q3 2021

			Value		Shares		↓ Weighting
VHT	Sell	VANGUARD WORLD FDShealth car etf	$24,187,000	-0.7%	97,859	-0.7%	9.15%	-0.3%
MSFT	Sell	MICROSOFT CORP	$16,341,000	+3.2%	57,964	-0.8%	6.18%	+3.7%
AAPL	Sell	APPLE INC	$11,211,000	+2.1%	79,229	-1.2%	4.24%	+2.6%
LOW	Sell	LOWES COS INC	$9,137,000	+3.6%	45,042	-0.9%	3.46%	+4.1%
JPM	Buy	JPMORGAN CHASE & CO	$9,039,000	+5.8%	55,218	+0.5%	3.42%	+6.2%
BAC	Sell	BK OF AMERICA CORP	$8,466,000	+2.7%	199,445	-0.3%	3.20%	+3.1%
TGT	Sell	TARGET CORP	$8,154,000	-8.8%	35,644	-3.6%	3.08%	-8.4%
WFC	Sell	WELLS FARGO CO NEW	$7,594,000	+2.0%	163,635	-0.5%	2.87%	+2.4%
EMR	Sell	EMERSON ELEC CO	$7,196,000	-3.0%	76,389	-0.9%	2.72%	-2.5%
DE	Sell	DEERE & CO	$7,149,000	-5.9%	21,337	-0.9%	2.70%	-5.5%
MDT	Sell	MEDTRONIC PLC	$7,108,000	+0.1%	56,704	-0.8%	2.69%	+0.6%
USB	Buy	US BANCORP DEL	$7,063,000	+5.5%	118,834	+1.1%	2.67%	+6.0%
CVX	Buy	CHEVRON CORP NEW	$7,023,000	-1.1%	69,225	+2.1%	2.66%	-0.7%
CAT	Buy	CATERPILLAR INC	$7,005,000	-11.6%	36,490	+0.2%	2.65%	-11.2%
RDSB	Buy	ROYAL DUTCH SHELL PLCspon adr b	$6,970,000	+16.2%	157,448	+1.9%	2.64%	+16.7%
JNJ	Buy	JOHNSON & JOHNSON	$6,938,000	-1.8%	42,959	+0.2%	2.62%	-1.4%
XOM	Buy	EXXON MOBIL CORP	$6,911,000	-5.8%	117,496	+1.1%	2.61%	-5.4%
SYY	Buy	SYSCO CORP	$6,905,000	+1.2%	87,968	+0.2%	2.61%	+1.6%
ABT	Sell	ABBOTT LABS	$6,886,000	+1.5%	58,291	-0.4%	2.60%	+2.0%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$6,721,000	+1.3%	78,187	+0.5%	2.54%	+1.7%
PG	Sell	PROCTER AND GAMBLE CO	$6,462,000	+3.6%	46,223	-0.0%	2.44%	+4.0%
STT	Buy	STATE STR CORP	$6,327,000	+5.1%	74,677	+2.1%	2.39%	+5.6%
PEP	Sell	PEPSICO INC	$6,143,000	+1.5%	40,842	-0.0%	2.32%	+1.9%
TTE	Buy	TOTALENERGIES SEsponsored ads	$5,973,000	+8.4%	124,620	+2.3%	2.26%	+8.8%
WMT	Buy	WALMART INC	$5,855,000	-0.7%	42,007	+0.5%	2.22%	-0.3%
PFE	Buy	PFIZER INC	$5,717,000	+12.1%	132,927	+2.1%	2.16%	+12.6%
OTIS	Sell	OTIS WORLDWIDE CORP	$5,698,000	+0.1%	69,248	-0.5%	2.16%	+0.5%
KMB	Buy	KIMBERLY-CLARK CORP	$5,614,000	+0.2%	42,389	+1.2%	2.12%	+0.6%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$5,567,000	-2.5%	40,074	+2.9%	2.11%	-2.0%
MMM	Buy	3M CO	$5,548,000	-10.8%	31,629	+1.0%	2.10%	-10.4%
FDX	Sell	FEDEX CORP	$5,541,000	-27.2%	25,269	-1.0%	2.10%	-26.9%
MRK	Buy	MERCK & CO INC	$4,967,000	+1.7%	66,136	+5.3%	1.88%	+2.2%
LMT	Buy	LOCKHEED MARTIN CORP	$4,234,000	-5.4%	12,270	+3.8%	1.60%	-4.9%
NOBL	Buy	PROSHARES TRs&p 500 dv arist	$1,981,000	-1.0%	22,378	+1.3%	0.75%	-0.7%
AAON	Sell	AAON INC	$1,548,000	-0.3%	23,685	-4.5%	0.59%	+0.2%
VGT	Sell	VANGUARD WORLD FDSinf tech etf	$794,000	-1.1%	1,978	-1.7%	0.30%	-0.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$751,000	-2.0%	2,752	-0.1%	0.28%	-1.4%
HD	Sell	HOME DEPOT INC	$725,000	+1.5%	2,210	-1.3%	0.27%	+1.9%
SM	Sell	SM ENERGY CO	$314,000	+6.8%	11,895	-0.5%	0.12%	+7.2%
VOX	Sell	VANGUARD WORLD FDS	$308,000	-5.2%	2,185	-3.3%	0.12%	-4.1%
MCD	Sell	MCDONALDS CORP	$293,000	+4.3%	1,214	-0.1%	0.11%	+4.7%
IPAY	Sell	ETF MANAGERS TRprime mobile pay	$271,000	-7.5%	4,010	-3.6%	0.10%	-6.4%
SCHV	Buy	SCHWAB STRATEGIC TRus lcap va etf	$211,000	-0.9%	3,133	+0.5%	0.08%	0.0%
VIS	Buy	VANGUARD WORLD FDSindustrial etf	$201,000	-0.5%	1,070	+3.9%	0.08%	0.0%

Q2 2021

			Value		Shares		↓ Weighting
VHT	New	VANGUARD WORLD FDShealth car etf	$24,365,000	–	98,593	–	9.18%	–
MSFT	New	MICROSOFT CORP	$15,827,000	–	58,424	–	5.96%	–
AAPL	New	APPLE INC	$10,978,000	–	80,152	–	4.14%	–
TGT	New	TARGET CORP	$8,940,000	–	36,982	–	3.37%	–
LOW	New	LOWES COS INC	$8,817,000	–	45,456	–	3.32%	–
JPM	New	JPMORGAN CHASE & CO	$8,547,000	–	54,948	–	3.22%	–
BAC	New	BK OF AMERICA CORP	$8,247,000	–	200,019	–	3.11%	–
CAT	New	CATERPILLAR INC	$7,924,000	–	36,409	–	2.98%	–
FDX	New	FEDEX CORP	$7,611,000	–	25,513	–	2.87%	–
DE	New	DEERE & CO	$7,597,000	–	21,539	–	2.86%	–
WFC	New	WELLS FARGO CO NEW	$7,447,000	–	164,426	–	2.80%	–
EMR	New	EMERSON ELEC CO	$7,416,000	–	77,054	–	2.79%	–
XOM	New	EXXON MOBIL CORP	$7,334,000	–	116,261	–	2.76%	–
CVX	New	CHEVRON CORP NEW	$7,101,000	–	67,801	–	2.67%	–
MDT	New	MEDTRONIC PLC	$7,098,000	–	57,180	–	2.67%	–
JNJ	New	JOHNSON & JOHNSON	$7,063,000	–	42,874	–	2.66%	–
SYY	New	SYSCO CORP	$6,825,000	–	87,777	–	2.57%	–
ABT	New	ABBOTT LABS	$6,783,000	–	58,512	–	2.56%	–
USB	New	US BANCORP DEL	$6,694,000	–	117,502	–	2.52%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$6,635,000	–	77,778	–	2.50%	–
PG	New	PROCTER AND GAMBLE CO	$6,238,000	–	46,232	–	2.35%	–
MMM	New	3M CO	$6,219,000	–	31,310	–	2.34%	–
PEP	New	PEPSICO INC	$6,054,000	–	40,858	–	2.28%	–
STT	New	STATE STR CORP	$6,018,000	–	73,144	–	2.27%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$5,998,000	–	154,467	–	2.26%	–
WMT	New	WALMART INC	$5,897,000	–	41,815	–	2.22%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$5,709,000	–	38,944	–	2.15%	–
OTIS	New	OTIS WORLDWIDE CORP	$5,692,000	–	69,604	–	2.14%	–
KMB	New	KIMBERLY-CLARK CORP	$5,605,000	–	41,898	–	2.11%	–
TTE	New	TOTALENERGIES SEsponsored ads	$5,511,000	–	121,773	–	2.08%	–
PFE	New	PFIZER INC	$5,099,000	–	130,210	–	1.92%	–
MRK	New	MERCK & CO INC	$4,883,000	–	62,791	–	1.84%	–
LMT	New	LOCKHEED MARTIN CORP	$4,474,000	–	11,826	–	1.68%	–
NOBL	New	PROSHARES TRs&p 500 dv arist	$2,001,000	–	22,083	–	0.75%	–
AAON	New	AAON INC	$1,552,000	–	24,795	–	0.58%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$837,000	–	2	–	0.32%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$803,000	–	2,013	–	0.30%	–
SPLV	New	INVESCO EXCH TRADED FD TR IIs&p500 low vol	$769,000	–	12,620	–	0.29%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$766,000	–	2,755	–	0.29%	–
SBUX	New	STARBUCKS CORP	$754,000	–	6,740	–	0.28%	–
HD	New	HOME DEPOT INC	$714,000	–	2,240	–	0.27%	–
BA	New	BOEING CO	$628,000	–	2,623	–	0.24%	–
GBCI	New	GLACIER BANCORP INC NEW	$572,000	–	10,382	–	0.22%	–
FIBK	New	FIRST INTST BANCSYSTEM INC	$383,000	–	9,167	–	0.14%	–
VOX	New	VANGUARD WORLD FDS	$325,000	–	2,260	–	0.12%	–
C	New	CITIGROUP INC	$325,000	–	4,595	–	0.12%	–
SM	New	SM ENERGY CO	$294,000	–	11,950	–	0.11%	–
GOOGL	New	ALPHABET INCcap stk cl a	$291,000	–	119	–	0.11%	–
IPAY	New	ETF MANAGERS TRprime mobile pay	$293,000	–	4,160	–	0.11%	–
MCD	New	MCDONALDS CORP	$281,000	–	1,215	–	0.11%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$266,000	–	1,459	–	0.10%	–
TRIT	New	TRITERRAS INC	$226,000	–	32,510	–	0.08%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$212,000	–	1,066	–	0.08%	–
SCHV	New	SCHWAB STRATEGIC TRus lcap va etf	$213,000	–	3,118	–	0.08%	–
VIS	New	VANGUARD WORLD FDSindustrial etf	$202,000	–	1,030	–	0.08%	–
DNP	New	DNP SELECT INCOME FD INC	$167,000	–	15,994	–	0.06%	–

Q4 2020

			Value		Shares		↓ Weighting
SM	Exit	SM ENERGY CO	$0	–	-11,980	–	-0.01%	–
DNP	Exit	DNP SELECT INCOME FD INC	$0	–	-15,994	–	-0.09%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,241	–	-0.15%	–
BA	Exit	BOEING CO	$0	–	-1,675	–	-0.15%	–
FIBK	Exit	FIRST INTST BANCSYSTEM INC	$0	–	-9,667	–	-0.17%	–
GBCI	Exit	GLACIER BANCORP INC NEW	$0	–	-10,234	–	-0.18%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,241	–	-0.26%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-2,933	–	-0.26%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-6,890	–	-0.32%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-2	–	-0.34%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,422	–	-0.36%	–
SPLV	Exit	INVESCO EXCH TRADED FD TR IIs&p500 low vol	$0	–	-13,120	–	-0.38%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-2,461	–	-0.41%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-22,989	–	-0.50%	–
AAON	Exit	AAON INC	$0	–	-24,895	–	-0.81%	–
NOBL	Exit	PROSHARES TRs&p 500 dv arist	$0	–	-22,083	–	-0.86%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-134,654	–	-1.75%	–
OTIS	Exit	OTIS WORLDWIDE CORP	$0	–	-52,472	–	-1.76%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-141,592	–	-1.79%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-105,979	–	-1.96%	–
TTE	Exit	TOTAL SEsponsored ads	$0	–	-106,796	–	-1.97%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-64,758	–	-2.00%	–
USB	Exit	US BANCORP DEL	$0	–	-104,028	–	-2.01%	–
STT	Exit	STATE STR CORP	$0	–	-67,123	–	-2.14%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-35,228	–	-2.31%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-62,090	–	-2.40%	–
MMM	Exit	3M CO	$0	–	-28,367	–	-2.44%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-196,470	–	-2.55%	–
PEP	Exit	PEPSICO INC	$0	–	-35,205	–	-2.62%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-76,340	–	-2.69%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-52,899	–	-2.74%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-35,230	–	-2.80%	–
SYY	Exit	SYSCO CORP	$0	–	-87,289	–	-2.92%	–
WMT	Exit	WALMART INC	$0	–	-39,034	–	-2.94%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-54,021	–	-3.02%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-39,040	–	-3.13%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-39,038	–	-3.13%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-41,926	–	-3.13%	–
DE	Exit	DEERE & CO	$0	–	-27,300	–	-3.25%	–
ABT	Exit	ABBOTT LABS	$0	–	-56,432	–	-3.30%	–
TGT	Exit	TARGET CORP	$0	–	-40,480	–	-3.43%	–
FDX	Exit	FEDEX CORP	$0	–	-28,811	–	-3.90%	–
LOW	Exit	LOWES COS INC	$0	–	-48,606	–	-4.34%	–
AAPL	Exit	APPLE INC	$0	–	-84,891	–	-5.29%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-59,013	–	-6.68%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-94,546	–	-10.38%	–

Q3 2020

			Value		Shares		↓ Weighting
VHT	Sell	VANGUARD WORLD FDShealth car etf	$19,287,000	+5.0%	94,546	-0.9%	10.38%	-2.0%
MSFT	Sell	MICROSOFT CORP	$12,412,000	-0.6%	59,013	-3.8%	6.68%	-7.1%
AAPL	Buy	APPLE INC	$9,831,000	+13.3%	84,891	+257.0%	5.29%	+5.8%
LOW	Sell	LOWES COS INC	$8,062,000	+13.6%	48,606	-7.4%	4.34%	+6.1%
FDX	Sell	FEDEX CORP	$7,247,000	+71.4%	28,811	-4.5%	3.90%	+60.0%
TGT	Sell	TARGET CORP	$6,372,000	+23.4%	40,480	-6.0%	3.43%	+15.3%
ABT	Sell	ABBOTT LABS	$6,141,000	+15.9%	56,432	-2.6%	3.30%	+8.2%
DE	Sell	DEERE & CO	$6,050,000	+36.3%	27,300	-3.4%	3.25%	+27.3%
PG	Sell	PROCTER AND GAMBLE CO	$5,827,000	+13.6%	41,926	-2.2%	3.13%	+6.1%
CAT	Sell	CATERPILLAR INC DEL	$5,823,000	+17.5%	39,038	-0.4%	3.13%	+9.7%
JNJ	Sell	JOHNSON & JOHNSON	$5,812,000	+4.1%	39,040	-1.7%	3.13%	-2.8%
MDT	Buy	MEDTRONIC PLC	$5,614,000	+14.4%	54,021	+0.9%	3.02%	+6.8%
WMT	Sell	WALMART INC	$5,461,000	+14.3%	39,034	-2.2%	2.94%	+6.7%
SYY	Sell	SYSCO CORP	$5,431,000	+13.5%	87,289	-0.3%	2.92%	+5.9%
KMB	Buy	KIMBERLY CLARK CORP	$5,202,000	+4.5%	35,230	+0.0%	2.80%	-2.4%
JPM	Buy	JPMORGAN CHASE & CO	$5,093,000	+4.1%	52,899	+1.7%	2.74%	-2.8%
EMR	Buy	EMERSON ELEC CO	$5,006,000	+6.6%	76,340	+0.8%	2.69%	-0.4%
PEP	Buy	PEPSICO INC	$4,879,000	+5.4%	35,205	+0.6%	2.62%	-1.6%
BAC	Buy	BK OF AMERICA CORP	$4,733,000	+6.8%	196,470	+5.3%	2.55%	-0.3%
CVX	Buy	CHEVRON CORP NEW	$4,470,000	-19.2%	62,090	+0.2%	2.40%	-24.5%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$4,286,000	+1.4%	35,228	+0.6%	2.31%	-5.3%
STT	Buy	STATE STR CORP	$3,982,000	-5.1%	67,123	+1.7%	2.14%	-11.4%
USB	Buy	US BANCORP DEL	$3,729,000	-1.5%	104,028	+1.2%	2.01%	-8.0%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$3,726,000	+1.3%	64,758	+8.5%	2.00%	-5.4%
TTE	Buy	TOTAL SEsponsored ads	$3,663,000	-9.3%	106,796	+1.7%	1.97%	-15.3%
XOM	Buy	EXXON MOBIL CORP	$3,638,000	-23.2%	105,979	+0.0%	1.96%	-28.3%
WFC	Buy	WELLS FARGO CO NEW	$3,329,000	-5.6%	141,592	+2.8%	1.79%	-11.9%
OTIS	Buy	OTIS WORLDWIDE CORP	$3,275,000	+17.0%	52,472	+6.6%	1.76%	+9.3%
RDSB	Sell	ROYAL DUTCH SHELL PLCspon adr b	$3,261,000	-21.8%	134,654	-1.7%	1.75%	-27.0%
NOBL	Buy	PROSHARES TRs&p 500 dv arist	$1,593,000	+18.6%	22,083	+10.8%	0.86%	+10.7%
VDE	Buy	VANGUARD WORLD FDSenergy etf	$927,000	-17.2%	22,989	+3.3%	0.50%	-22.6%
VGT	Sell	VANGUARD WORLD FDSinf tech etf	$766,000	+11.0%	2,461	-0.6%	0.41%	+3.8%
HD	Sell	HOME DEPOT INC	$673,000	+10.3%	2,422	-0.6%	0.36%	+3.1%
SBUX	Sell	STARBUCKS CORP	$592,000	+13.0%	6,890	-3.2%	0.32%	+5.3%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$477,000	+34.4%	2,241	+12.7%	0.26%	+26.0%
GBCI	Buy	GLACIER BANCORP INC NEW	$328,000	-7.3%	10,234	+2.0%	0.18%	-13.7%
BA	Buy	BOEING CO	$277,000	+16.9%	1,675	+29.3%	0.15%	+8.8%

Q2 2020

			Value		Shares		↓ Weighting
VHT	New	VANGUARD WORLD FDShealth car etf	$18,371,000	–	95,358	–	10.58%	–
MSFT	New	MICROSOFT CORP	$12,483,000	–	61,340	–	7.19%	–
AAPL	New	APPLE INC	$8,675,000	–	23,781	–	5.00%	–
LOW	New	LOWES COS INC	$7,094,000	–	52,503	–	4.09%	–
JNJ	New	JOHNSON & JOHNSON	$5,583,000	–	39,701	–	3.22%	–
CVX	New	CHEVRON CORP NEW	$5,531,000	–	61,983	–	3.19%	–
ABT	New	ABBOTT LABS	$5,300,000	–	57,965	–	3.05%	–
TGT	New	TARGET CORP	$5,163,000	–	43,048	–	2.97%	–
PG	New	PROCTER AND GAMBLE CO	$5,128,000	–	42,884	–	2.95%	–
KMB	New	KIMBERLY CLARK CORP	$4,979,000	–	35,226	–	2.87%	–
CAT	New	CATERPILLAR INC DEL	$4,957,000	–	39,188	–	2.86%	–
MDT	New	MEDTRONIC PLC	$4,909,000	–	53,530	–	2.83%	–
JPM	New	JPMORGAN CHASE & CO	$4,892,000	–	52,014	–	2.82%	–
SYY	New	SYSCO CORP	$4,787,000	–	87,577	–	2.76%	–
WMT	New	WALMART INC	$4,779,000	–	39,894	–	2.75%	–
XOM	New	EXXON MOBIL CORP	$4,737,000	–	105,934	–	2.73%	–
EMR	New	EMERSON ELEC CO	$4,696,000	–	75,703	–	2.70%	–
PEP	New	PEPSICO INC	$4,630,000	–	35,006	–	2.67%	–
DE	New	DEERE & CO	$4,439,000	–	28,249	–	2.56%	–
BAC	New	BK OF AMERICA CORP	$4,433,000	–	186,664	–	2.55%	–
MMM	New	3M CO	$4,425,000	–	28,367	–	2.55%	–
FDX	New	FEDEX CORP	$4,229,000	–	30,161	–	2.44%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$4,228,000	–	35,007	–	2.44%	–
STT	New	STATE STR CORP	$4,195,000	–	66,016	–	2.42%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$4,172,000	–	137,010	–	2.40%	–
TTE	New	TOTAL S.A.sponsored ads	$4,037,000	–	104,975	–	2.33%	–
USB	New	US BANCORP DEL	$3,784,000	–	102,762	–	2.18%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$3,677,000	–	59,671	–	2.12%	–
WFC	New	WELLS FARGO CO NEW	$3,528,000	–	137,797	–	2.03%	–
OTIS	New	OTIS WORLDWIDE CORP	$2,798,000	–	49,204	–	1.61%	–
AAON	New	AAON INC	$1,352,000	–	24,895	–	0.78%	–
NOBL	New	PROSHARES TRs&p 500 dv arist	$1,343,000	–	19,935	–	0.77%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$1,120,000	–	22,265	–	0.64%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$690,000	–	2,475	–	0.40%	–
SPLV	New	INVESCO EXCH TRADED FD TR IIs&p500 low vol	$652,000	–	13,120	–	0.38%	–
HD	New	HOME DEPOT INC	$610,000	–	2,437	–	0.35%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$535,000	–	2	–	0.31%	–
SBUX	New	STARBUCKS CORP	$524,000	–	7,115	–	0.30%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$439,000	–	2,933	–	0.25%	–
GBCI	New	GLACIER BANCORP INC NEW	$354,000	–	10,034	–	0.20%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$355,000	–	1,988	–	0.20%	–
FIBK	New	FIRST INTST BANCSYSTEM INC	$299,000	–	9,667	–	0.17%	–
BA	New	BOEING CO	$237,000	–	1,295	–	0.14%	–
MCD	New	MCDONALDS CORP	$229,000	–	1,241	–	0.13%	–
DNP	New	DNP SELECT INCOME FD	$174,000	–	15,994	–	0.10%	–
SM	New	SM ENERGY CO	$45,000	–	11,980	–	0.03%	–

Q4 2019

			Value		Shares		↓ Weighting
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-11,060	–	-0.02%	–
SM	Exit	SM ENERGY CO	$0	–	-12,390	–	-0.08%	–
DNP	Exit	DNP SELECT INCOME FD	$0	–	-17,594	–	-0.15%	–
VIG	Exit	VANGUARD GROUPdiv app etf	$0	–	-2,062	–	-0.16%	–
MCD	Exit	MCDONALDS CORP	$0	–	-1,181	–	-0.16%	–
BAC	Exit	BANK AMER CORP	$0	–	-10,190	–	-0.19%	–
FIBK	Exit	FIRST INTST BANCSYSTEM INC	$0	–	-9,282	–	-0.24%	–
GBCI	Exit	GLACIER BANCORP INC NEW	$0	–	-9,774	–	-0.25%	–
BA	Exit	BOEING CO	$0	–	-1,093	–	-0.27%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,012	–	-0.27%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-3,038	–	-0.31%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-6,676	–	-0.38%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-2	–	-0.40%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,715	–	-0.41%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-3,035	–	-0.42%	–
SPLV	Exit	INVESCO EXCHNG TRADED FD TRs&p500 low vol	$0	–	-13,120	–	-0.49%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-12,502	–	-0.96%	–
NOBL	Exit	PROSHARES TRs&p 500 dv arist	$0	–	-21,220	–	-0.98%	–
AAON	Exit	AAON INC	$0	–	-40,035	–	-1.18%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-50,377	–	-1.80%	–
FDX	Exit	FEDEX CORP	$0	–	-22,401	–	-2.10%	–
MMM	Exit	3M CO	$0	–	-20,938	–	-2.22%	–
STT	Exit	STATE STR CORP	$0	–	-59,927	–	-2.28%	–
USB	Exit	US BANCORP DEL	$0	–	-73,820	–	-2.63%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-28,744	–	-2.69%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-59,353	–	-2.70%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-34,391	–	-2.80%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-86,436	–	-2.81%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-66,353	–	-2.86%	–
DE	Exit	DEERE & CO	$0	–	-26,488	–	-2.88%	–
PEP	Exit	PEPSICO INC	$0	–	-33,226	–	-2.93%	–
SYY	Exit	SYSCO CORP	$0	–	-58,217	–	-2.98%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-35,531	–	-3.12%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-34,405	–	-3.15%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-38,109	–	-3.18%	–
LOW	Exit	LOWES COS INC	$0	–	-45,668	–	-3.24%	–
ABT	Exit	ABBOTT LABS	$0	–	-61,007	–	-3.29%	–
TGT	Exit	TARGET CORP	$0	–	-49,020	–	-3.38%	–
WMT	Exit	WALMART INC	$0	–	-46,505	–	-3.56%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-47,696	–	-3.62%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-51,887	–	-3.63%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-46,914	–	-3.76%	–
AAPL	Exit	APPLE INC	$0	–	-29,549	–	-4.26%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-116,732	–	-5.87%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-74,122	–	-6.64%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-77,130	–	-8.33%	–

Q3 2019

			Value		Shares		↓ Weighting
VHT	Buy	VANGUARD WORLD FDShealth car etf	$12,933,000	-0.9%	77,130	+2.8%	8.33%	-4.8%
MSFT	Sell	MICROSOFT CORP	$10,305,000	+1.9%	74,122	-1.9%	6.64%	-2.2%
VDE	Buy	VANGUARD WORLD FDSenergy etf	$9,107,000	+0.6%	116,732	+9.7%	5.87%	-3.4%
AAPL	Buy	APPLE INC	$6,618,000	+13.5%	29,549	+0.3%	4.26%	+9.0%
PG	Sell	PROCTER & GAMBLE CO	$5,835,000	+10.3%	46,914	-2.8%	3.76%	+5.9%
MDT	Buy	MEDTRONIC PLC	$5,636,000	+12.0%	51,887	+0.4%	3.63%	+7.5%
JPM	Buy	JPMORGAN CHASE & CO	$5,613,000	+7.2%	47,696	+1.8%	3.62%	+3.0%
WMT	Sell	WALMART INC	$5,519,000	+5.8%	46,505	-1.5%	3.56%	+1.6%
TGT	Sell	TARGET CORP	$5,241,000	+21.8%	49,020	-1.3%	3.38%	+17.0%
ABT	Sell	ABBOTT LABS	$5,104,000	-0.8%	61,007	-0.3%	3.29%	-4.7%
LOW	Buy	LOWES COS INC	$5,022,000	+10.3%	45,668	+1.2%	3.24%	+6.0%
JNJ	Buy	JOHNSON & JOHNSON	$4,931,000	-5.2%	38,109	+2.0%	3.18%	-9.0%
KMB	Sell	KIMBERLY CLARK CORP	$4,887,000	+5.5%	34,405	-1.0%	3.15%	+1.3%
UTX	Buy	UNITED TECHNOLOGIES CORP	$4,851,000	+7.9%	35,531	+2.9%	3.12%	+3.6%
SYY	Buy	SYSCO CORP	$4,622,000	+14.7%	58,217	+2.1%	2.98%	+10.1%
PEP	Buy	PEPSICO INC	$4,555,000	+5.9%	33,226	+1.3%	2.93%	+1.7%
DE	Buy	DEERE & CO	$4,468,000	+5.5%	26,488	+3.7%	2.88%	+1.3%
EMR	Buy	EMERSON ELEC CO	$4,436,000	+3.1%	66,353	+2.9%	2.86%	-1.0%
WFC	Buy	WELLS FARGO CO NEW	$4,360,000	+10.2%	86,436	+3.3%	2.81%	+5.8%
CAT	Buy	CATERPILLAR INC DEL	$4,344,000	-4.1%	34,391	+3.5%	2.80%	-7.9%
XOM	Buy	EXXON MOBIL CORP	$4,191,000	-4.8%	59,353	+3.3%	2.70%	-8.6%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$4,180,000	+8.7%	28,744	+3.0%	2.69%	+4.4%
USB	Buy	US BANCORP DEL	$4,085,000	+10.1%	73,820	+4.3%	2.63%	+5.7%
STT	Buy	STATE STR CORP	$3,547,000	+13.1%	59,927	+7.1%	2.28%	+8.6%
MMM	Buy	3M CO	$3,442,000	+1.3%	20,938	+6.8%	2.22%	-2.7%
FDX	Buy	FEDEX CORP	$3,261,000	-7.0%	22,401	+4.8%	2.10%	-10.7%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC	$2,786,000	+5.0%	50,377	+3.8%	1.80%	+0.9%
NOBL	Sell	PROSHARES TRs&p 500 dv arist	$1,519,000	+2.0%	21,220	-1.2%	0.98%	-2.1%
CVX	Sell	CHEVRON CORP NEW	$1,483,000	-6.7%	12,502	-2.1%	0.96%	-10.4%
HD	Sell	HOME DEPOT INC	$630,000	+7.1%	2,715	-3.9%	0.41%	+3.0%
VDC	Sell	VANGUARD WORLD FDSconsum stp etf	$476,000	+4.4%	3,038	-1.0%	0.31%	+0.3%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$419,000	-1.2%	2,012	+1.2%	0.27%	-4.9%
BA	Buy	BOEING CO	$416,000	+15.6%	1,093	+10.6%	0.27%	+11.2%
VIG	Sell	VANGUARD GROUPdiv app etf	$247,000	+3.3%	2,062	-0.6%	0.16%	-0.6%
DNP	Sell	DNP SELECT INCOME FD	$226,000	-0.9%	17,594	-8.8%	0.15%	-4.6%
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-1,213	–	-0.14%	–
T	Exit	AT&T INC	$0	–	-7,702	–	-0.17%	–

Q2 2019

			Value		Shares		↓ Weighting
VHT	New	VANGUARD WORLD FDShealth car etf	$13,047,000	–	75,007	–	8.75%	–
MSFT	New	MICROSOFT CORP	$10,117,000	–	75,524	–	6.79%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$9,049,000	–	106,429	–	6.07%	–
AAPL	New	APPLE INC	$5,831,000	–	29,463	–	3.91%	–
PG	New	PROCTER AND GAMBLE CO	$5,291,000	–	48,257	–	3.55%	–
JPM	New	JPMORGAN CHASE & CO	$5,236,000	–	46,834	–	3.51%	–
WMT	New	WALMART INC	$5,216,000	–	47,212	–	3.50%	–
JNJ	New	JOHNSON & JOHNSON	$5,203,000	–	37,354	–	3.49%	–
ABT	New	ABBOTT LABS	$5,145,000	–	61,182	–	3.45%	–
MDT	New	MEDTRONIC PLC	$5,034,000	–	51,685	–	3.38%	–
KMB	New	KIMBERLY CLARK CORP	$4,634,000	–	34,770	–	3.11%	–
LOW	New	LOWES COS INC	$4,552,000	–	45,111	–	3.05%	–
CAT	New	CATERPILLAR INC DEL	$4,529,000	–	33,230	–	3.04%	–
UTX	New	UNITED TECHNOLOGIES CORP	$4,497,000	–	34,539	–	3.02%	–
XOM	New	EXXON MOBIL CORP	$4,403,000	–	57,458	–	2.95%	–
EMR	New	EMERSON ELEC CO	$4,302,000	–	64,478	–	2.89%	–
TGT	New	TARGET CORP	$4,303,000	–	49,680	–	2.89%	–
PEP	New	PEPSICO INC	$4,300,000	–	32,791	–	2.88%	–
DE	New	DEERE & CO	$4,235,000	–	25,555	–	2.84%	–
SYY	New	SYSCO CORP	$4,030,000	–	56,992	–	2.70%	–
WFC	New	WELLS FARGO CO NEW	$3,958,000	–	83,651	–	2.66%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$3,847,000	–	27,897	–	2.58%	–
USB	New	US BANCORP DEL	$3,710,000	–	70,805	–	2.49%	–
FDX	New	FEDEX CORP	$3,508,000	–	21,366	–	2.35%	–
MMM	New	3M CO	$3,397,000	–	19,598	–	2.28%	–
STT	New	STATE STR CORP	$3,137,000	–	55,957	–	2.10%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$2,653,000	–	48,525	–	1.78%	–
AAON	New	AAON INC	$2,009,000	–	40,035	–	1.35%	–
CVX	New	CHEVRON CORP NEW	$1,589,000	–	12,766	–	1.07%	–
NOBL	New	PROSHARES TRs&p 500 dv arist	$1,489,000	–	21,470	–	1.00%	–
SPLV	New	INVESCO EXCHNG TRADED FD TRs&p500 low vol	$722,000	–	13,120	–	0.48%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$640,000	–	3,035	–	0.43%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$637,000	–	2	–	0.43%	–
HD	New	HOME DEPOT INC	$588,000	–	2,825	–	0.39%	–
SBUX	New	STARBUCKS CORP	$560,000	–	6,676	–	0.38%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$456,000	–	3,068	–	0.31%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$424,000	–	1,988	–	0.28%	–
GBCI	New	GLACIER BANCORP INC NEW	$396,000	–	9,774	–	0.27%	–
FIBK	New	FIRST INTST BANCSYSTEM INC	$368,000	–	9,282	–	0.25%	–
BA	New	BOEING CO	$360,000	–	988	–	0.24%	–
BAC	New	BANK AMER CORP	$296,000	–	10,190	–	0.20%	–
T	New	AT&T INC	$258,000	–	7,702	–	0.17%	–
MCD	New	MCDONALDS CORP	$245,000	–	1,181	–	0.16%	–
VIG	New	VANGUARD GROUPdiv app etf	$239,000	–	2,074	–	0.16%	–
DNP	New	DNP SELECT INCOME FD	$228,000	–	19,294	–	0.15%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$201,000	–	1,213	–	0.14%	–
SM	New	SM ENERGY CO	$155,000	–	12,390	–	0.10%	–
OASPQ	New	OASIS PETE INC NEW	$63,000	–	11,060	–	0.04%	–

Q4 2018

			Value		Shares		↓ Weighting
OASPQ	Exit	OASIS PETE INC NEW	$0	–	-11,060	–	-0.12%	–
DNP	Exit	DNP SELECT INCOME FD	$0	–	-19,294	–	-0.16%	–
VIG	Exit	VANGUARD GROUPdiv app etf	$0	–	-1,964	–	-0.16%	–
MMM	Exit	3M CO	$0	–	-1,278	–	-0.20%	–
BAC	Exit	BANK AMER CORP	$0	–	-9,630	–	-0.21%	–
USB	Exit	US BANCORP DEL	$0	–	-5,456	–	-0.21%	–
BA	Exit	BOEING CO	$0	–	-803	–	-0.22%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-6,606	–	-0.28%	–
SM	Exit	SM ENERGY CO	$0	–	-12,390	–	-0.29%	–
SPLV	Exit	INVESCO EXCHNG TRADED FD TRs&p500 low vol	$0	–	-8,030	–	-0.30%	–
GBCI	Exit	GLACIER BANCORP INC NEW	$0	–	-9,274	–	-0.30%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-3,038	–	-0.32%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,021	–	-0.32%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-2	–	-0.48%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,265	–	-0.50%	–
VGT	Exit	VANGUARD WORLD FDSinf tech etf	$0	–	-4,215	–	-0.63%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-8,661	–	-0.79%	–
NOBL	Exit	PROSHARES TRs&p 500 dv arist	$0	–	-20,805	–	-1.03%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-74,840	–	-1.69%	–
GIS	Exit	GENERAL MLS INC	$0	–	-61,114	–	-1.95%	–
DE	Exit	DEERE & CO	$0	–	-19,779	–	-2.21%	–
PEP	Exit	PEPSICO INC	$0	–	-28,633	–	-2.38%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-44,280	–	-2.40%	–
SYY	Exit	SYSCO CORP	$0	–	-51,285	–	-2.79%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-33,481	–	-2.83%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-25,872	–	-2.91%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-75,231	–	-2.94%	–
STT	Exit	STATE STR CORP	$0	–	-48,107	–	-2.99%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-49,830	–	-3.08%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-27,490	–	-3.11%	–
TGT	Exit	TARGET CORP	$0	–	-47,880	–	-3.14%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-49,767	–	-3.14%	–
WMT	Exit	WALMART INC	$0	–	-46,663	–	-3.26%	–
ABT	Exit	ABBOTT LABS	$0	–	-62,954	–	-3.43%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-33,464	–	-3.48%	–
LOW	Exit	LOWES COS INC	$0	–	-41,755	–	-3.56%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-63,109	–	-3.59%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-49,770	–	-3.64%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-45,437	–	-3.81%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-38,108	–	-3.91%	–
AAPL	Exit	APPLE INC	$0	–	-27,723	–	-4.65%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-79,112	–	-6.72%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-86,949	–	-6.79%	–
VHT	Exit	VANGUARD WORLD FDShealth car etf	$0	–	-67,850	–	-9.09%	–

Q3 2018

			Value		Shares		↓ Weighting
VHT	Buy	VANGUARD WORLD FDShealth car etf	$12,241,000	+18.9%	67,850	+4.9%	9.09%	+8.4%
VDE	Buy	VANGUARD WORLD FDSenergy etf	$9,139,000	+14.8%	86,949	+14.8%	6.79%	+4.7%
MSFT	Sell	MICROSOFT CORP	$9,048,000	+8.5%	79,112	-6.4%	6.72%	-1.0%
AAPL	Sell	APPLE INC	$6,258,000	+12.9%	27,723	-7.5%	4.65%	+2.9%
JNJ	Sell	JOHNSON & JOHNSON	$5,265,000	+10.9%	38,108	-2.6%	3.91%	+1.2%
JPM	Sell	JPMORGAN CHASE & CO	$5,127,000	+3.5%	45,437	-4.5%	3.81%	-5.7%
MDT	Sell	MEDTRONIC PLC	$4,896,000	+14.4%	49,770	-0.5%	3.64%	+4.3%
EMR	Sell	EMERSON ELEC CO	$4,833,000	+5.5%	63,109	-4.7%	3.59%	-3.8%
LOW	Sell	LOWES COS INC	$4,794,000	+17.4%	41,755	-2.3%	3.56%	+7.0%
UTX	Sell	UNITED TECHNOLOGIES CORP	$4,679,000	+9.4%	33,464	-2.2%	3.48%	-0.3%
ABT	Buy	ABBOTT LABS	$4,618,000	+21.2%	62,954	+0.8%	3.43%	+10.5%
WMT	Buy	WALMART INC	$4,382,000	+10.6%	46,663	+0.9%	3.26%	+0.9%
XOM	Buy	EXXON MOBIL CORP	$4,231,000	+4.6%	49,767	+1.8%	3.14%	-4.6%
TGT	Sell	TARGET CORP	$4,223,000	+8.8%	47,880	-6.1%	3.14%	-0.8%
CAT	Buy	CATERPILLAR INC DEL	$4,192,000	+14.1%	27,490	+1.5%	3.11%	+4.1%
PG	Buy	PROCTER AND GAMBLE CO	$4,147,000	+10.5%	49,830	+3.7%	3.08%	+0.8%
STT	Buy	STATE STR CORP	$4,030,000	-6.3%	48,107	+4.1%	2.99%	-14.6%
WFC	Buy	WELLS FARGO CO NEW	$3,954,000	-3.3%	75,231	+2.0%	2.94%	-11.9%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$3,912,000	+13.3%	25,872	+4.7%	2.91%	+3.3%
KMB	Buy	KIMBERLY CLARK CORP	$3,805,000	+16.1%	33,481	+7.6%	2.83%	+5.9%
SYY	Buy	SYSCO CORP	$3,757,000	+11.7%	51,285	+4.1%	2.79%	+1.8%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC	$3,228,000	+32.9%	44,280	+9.4%	2.40%	+21.2%
PEP	Buy	PEPSICO INC	$3,201,000	+12.4%	28,633	+9.5%	2.38%	+2.5%
DE	Sell	DEERE & CO	$2,973,000	+4.8%	19,779	-2.5%	2.21%	-4.4%
GIS	Buy	GENERAL MLS INC	$2,623,000	+10.6%	61,114	+14.1%	1.95%	+0.9%
BEN	Buy	FRANKLIN RES INC	$2,276,000	+35.2%	74,840	+42.4%	1.69%	+23.3%
NOBL	Buy	PROSHARES TRs&p 500 dv arist	$1,390,000	+30.4%	20,805	+21.7%	1.03%	+19.0%
CVX	Sell	CHEVRON CORP NEW	$1,059,000	-9.1%	8,661	-6.0%	0.79%	-17.1%
VGT	Sell	VANGUARD WORLD FDSinf tech etf	$854,000	-10.9%	4,215	-20.2%	0.63%	-18.8%
HD	Buy	HOME DEPOT INC	$676,000	+7.8%	3,265	+1.6%	0.50%	-1.8%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$433,000	+19.3%	2,021	+3.9%	0.32%	+8.8%
VDC	Buy	VANGUARD WORLD FDSconsum stp etf	$426,000	+34.8%	3,038	+29.1%	0.32%	+23.0%
SPLV	Sell	INVESCO EXCHNG TRADED FD TRs&p500 low vol	$398,000	-50.7%	8,030	-52.9%	0.30%	-55.0%
USB	Buy	US BANCORP DEL	$288,000	+7.1%	5,456	+1.5%	0.21%	-2.3%
MMM	Sell	3M CO	$269,000	+2.3%	1,278	-4.5%	0.20%	-6.5%
VIG	Sell	VANGUARD GROUPdiv app etf	$217,000	-14.9%	1,964	-21.8%	0.16%	-22.6%
ABBV	Exit	ABBVIE INC	$0	–	-2,843	–	-0.21%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-4,117	–	-0.23%	–
VNQ	Exit	VANGUARD INDEX FDSreal estate etf	$0	–	-9,857	–	-0.65%	–

Q2 2018

			Value		Shares		↓ Weighting
VHT	New	VANGUARD WORLD FDShealth car etf	$10,296,000	–	64,697	–	8.39%	–
MSFT	New	MICROSOFT CORP	$8,338,000	–	84,557	–	6.79%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$7,962,000	–	75,771	–	6.49%	–
AAPL	New	APPLE INC	$5,545,000	–	29,956	–	4.52%	–
JPM	New	JPMORGAN CHASE & CO	$4,956,000	–	47,565	–	4.04%	–
JNJ	New	JOHNSON & JOHNSON	$4,746,000	–	39,113	–	3.87%	–
EMR	New	EMERSON ELEC CO	$4,581,000	–	66,256	–	3.73%	–
STT	New	STATE STR CORP	$4,303,000	–	46,222	–	3.51%	–
MDT	New	MEDTRONIC PLC	$4,281,000	–	50,007	–	3.49%	–
UTX	New	UNITED TECHNOLOGIES CORP	$4,278,000	–	34,214	–	3.48%	–
WFC	New	WELLS FARGO CO NEW	$4,091,000	–	73,791	–	3.33%	–
LOW	New	LOWES COS INC	$4,085,000	–	42,745	–	3.33%	–
XOM	New	EXXON MOBIL CORP	$4,046,000	–	48,910	–	3.30%	–
WMT	New	WALMART INC	$3,962,000	–	46,258	–	3.23%	–
TGT	New	TARGET CORP	$3,880,000	–	50,967	–	3.16%	–
ABT	New	ABBOTT LABS	$3,811,000	–	62,484	–	3.10%	–
PG	New	PROCTER AND GAMBLE CO	$3,752,000	–	48,065	–	3.06%	–
CAT	New	CATERPILLAR INC DEL	$3,673,000	–	27,075	–	2.99%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$3,453,000	–	24,718	–	2.81%	–
SYY	New	SYSCO CORP	$3,364,000	–	49,255	–	2.74%	–
KMB	New	KIMBERLY CLARK CORP	$3,278,000	–	31,121	–	2.67%	–
PEP	New	PEPSICO INC	$2,848,000	–	26,157	–	2.32%	–
DE	New	DEERE & CO	$2,837,000	–	20,294	–	2.31%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$2,429,000	–	40,470	–	1.98%	–
GIS	New	GENERAL MLS INC	$2,371,000	–	53,559	–	1.93%	–
BEN	New	FRANKLIN RES INC	$1,684,000	–	52,540	–	1.37%	–
CVX	New	CHEVRON CORP NEW	$1,165,000	–	9,216	–	0.95%	–
NOBL	New	PROSHARES TRs&p 500 dv arist	$1,066,000	–	17,100	–	0.87%	–
VGT	New	VANGUARD WORLD FDSinf tech etf	$959,000	–	5,284	–	0.78%	–
SPLV	New	INVESCO EXCHNG TRADED FD TRs&p500 low vol	$808,000	–	17,037	–	0.66%	–
VNQ	New	VANGUARD INDEX FDSreal estate etf	$803,000	–	9,857	–	0.65%	–
HD	New	HOME DEPOT INC	$627,000	–	3,215	–	0.51%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$564,000	–	2	–	0.46%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$363,000	–	1,946	–	0.30%	–
GBCI	New	GLACIER BANCORP INC NEW	$359,000	–	9,274	–	0.29%	–
SBUX	New	STARBUCKS CORP	$323,000	–	6,606	–	0.26%	–
SM	New	SM ENERGY CO	$318,000	–	12,390	–	0.26%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$316,000	–	2,353	–	0.26%	–
COP	New	CONOCOPHILLIPS	$287,000	–	4,117	–	0.23%	–
BAC	New	BANK AMER CORP	$271,000	–	9,630	–	0.22%	–
BA	New	BOEING CO	$269,000	–	803	–	0.22%	–
USB	New	US BANCORP DEL	$269,000	–	5,378	–	0.22%	–
ABBV	New	ABBVIE INC	$263,000	–	2,843	–	0.21%	–
MMM	New	3M CO	$263,000	–	1,338	–	0.21%	–
VIG	New	VANGUARD GROUPdiv app etf	$255,000	–	2,510	–	0.21%	–
DNP	New	DNP SELECT INCOME FD	$208,000	–	19,294	–	0.17%	–
OASPQ	New	OASIS PETE INC NEW	$143,000	–	11,060	–	0.12%	–

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