SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Fjell Capital, LLC

CIK 0002053350 · 27 10TH STREET NORTH, FARGO, ND, 58102 · 701-491-7600

Reported Value
$99M
Q1 2025
Positions
51
Filings on Record
6
2019–present window
Filed
Apr 11, 2025
original filing

Summary

Fjell Capital, LLC reported $99M in U.S.-listed holdings across 51 positions for Q1 2025.

Its largest position, Davis Fundamental Etf Tr, represents 9.8% of the portfolio.

Compared with Q4 2024, the fund opened 4 new positions and exited 7.

Portfolio Metrics

Turnover
+11.1%
vs prior filed quarter
Top-10 Concentration
+45.7%
share of reported value
Largest Position
+9.8%
Davis Fundamental Etf Tr
New / Exited
4 / 7
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’24: $97MQ4 ’24Q1 ’25: $99MQ1 ’25Q2 ’25: $108MQ2 ’25Q3 ’25: $114MQ3 ’25Q4 ’25: $130MQ4 ’25Q1 ’26: $130MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 54.1%Common Stock: 45.6%Closed-End Fund: 0.2%
  • ETP · 54.1% · $53M
  • Common Stock · 45.6% · $45M
  • Closed-End Fund · 0.2% · $225,319

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PGIM ETF TRNEW+63.8K63.8K+$3M$3M
2023 ETF SERIES TRUSTNEW+66.2K66.2K+$2M$2M
SELECT SECTOR SPDR TRNEW+4.2K4.2K+$862,064$862,064
BRK/BBERKSHIRE HATHAWAY INC DELNEW+413413+$219,956$219,956
SPDR SER TRSOLD OUT−127.5K0−$3M$0
CAPITAL GRP FIXED INCM ETF TSOLD OUT−55.8K0−$1M$0
JNJJOHNSON & JOHNSONSOLD OUT−6.2K0−$897,986$0
PEPPEPSICO INCSOLD OUT−4.5K0−$679,726$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

45 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DAVIS FUNDAMENTAL ETF TRSELECT WRLD WI9.77%$10M255.5K
2VUGVANGUARD INDEX FDSMID CAP ETF · GROWTH ETF · VALUE ETF8.73%$9M34.4K
3VICTORY PORTFOLIOS IICORE INTERMEDIAT6.60%$7M138.7K
4ISHARES TRUSD INV GRDE ETF · CORE S&P SCP ETF6.59%$6M101.5K
5PGIM ETF TRSHRT DUR HGH YLD · ACTV HY BD ETF6.46%$6M154.4K
6INVESCO ACTIVELY MANAGED EXCTOTAL RETURN4.91%$5M103.3K
7MSFTMICROSOFT CORPhistory →COM3.50%$3M9.2K
8AAPLAPPLE INChistory →COM3.45%$3M15.3K
9AB ACTIVE ETFS INCHIGH YIELD ETF3.13%$3M83.7K
10AMZNAMAZON COM INChistory →COM2.95%$3M15.3K
11NVDANVIDIA CORPORATIONhistory →COM2.89%$3M26.3K
12GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.69%$3M17.1K
13AVGOBROADCOM INChistory →COM2.42%$2M14.3K
14COSTCOSTCO WHSL CORP NEWhistory →COM2.41%$2M2.5K
152023 ETF SERIES TRUSTBRANDES INTERNAT2.22%$2M66.2K
16CGGRUSDCAPITAL GROUP GROWTH ETFhistory →SHS CREATION UNI2.15%$2M61.9K
17METAMETA PLATFORMS INChistory →CL A1.91%$2M3.3K
18SCHWAB STRATEGIC TRUS DIVIDEND EQ1.74%$2M61.2K
19KLACKLA CORPhistory →COM NEW1.50%$1M2.2K
20JPMJPMORGAN CHASE & CO.history →COM1.48%$1M5.9K
21WMWASTE MGMT INC DELhistory →COM1.45%$1M6.2K
22CRMSALESFORCE INChistory →COM1.37%$1M5.0K
23CHVCHEVRON CORP NEWhistory →COM1.34%$1M7.9K
24DEDEERE & COhistory →COM1.23%$1M2.6K
25MRSHMARSH & MCLENNAN COS INChistory →COM1.15%$1M4.6K
26MRKMERCK & CO INChistory →COM1.12%$1M12.3K
27CMGCHIPOTLE MEXICAN GRILL INChistory →COM1.11%$1M21.8K
28ADBEADOBE INChistory →COM1.11%$1M2.8K
29NEENEXTERA ENERGY INChistory →COM1.11%$1M15.4K
30BXBLACKSTONE INChistory →COM1.07%$1M7.6K
31HDHOME DEPOT INChistory →COM1.06%$1M2.9K
32ARESARES MANAGEMENT CORPORATIONhistory →CL A COM STK1.06%$1M7.2K
33RTXRTX CORPORATIONhistory →COM1.06%$1M7.9K
34ICEINTERCONTINENTAL EXCHANGE INhistory →COM1.03%$1M5.9K
35AMDADVANCED MICRO DEVICES INCCOM1.00%$983,1199.6K
36UNHUNITEDHEALTH GROUP INCCOM0.99%$974,3501.9K
37SELECT SECTOR SPDR TRTECHNOLOGY0.87%$862,0644.2K
38UNPUNION PAC CORPCOM0.52%$514,2122.2K
39KKRKKR & CO INCCOM0.51%$498,6564.3K
40DHRDANAHER CORPORATIONCOM0.50%$489,1422.4K
41LOWLOWES COS INCCOM0.47%$465,5392.0K
42VANGUARD WORLD FDINF TECH ETF0.43%$427,938789
43VANGUARD BD INDEX FDSTOTAL BND MRKT0.30%$297,1794.0K
44VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.23%$230,5144.5K
45DNPDNP SELECT INCOME FD INCCOM0.23%$225,31922.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$130M68Apr 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$130M66Jan 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$114M58Oct 24, 202513F-HRchanges · EDGAR ↗
Q2 2025$108M53Jul 9, 202513F-HRchanges · EDGAR ↗
Q1 2025$99M51Apr 11, 202513F-HRchanges · EDGAR ↗
Q4 2024$97M54Feb 5, 202513F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.