BELL INVESTMENT ADVISORS, INC

Filed: 11/21/2025ACC: 0001890149-25-000009

📋 What this filing means

BELL INVESTMENT ADVISORS, INC filed this quarterly 13F‑HR report disclosing 1876 equity positions with a total reported market value of $611.94M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

1876

Positions

$611.94M

Total AUM (reported)

12.61M

Total Shares

Allocation by class

ACCES TREASURY$60.48M9.9%

FUNDAMENTAL US L$54.26M8.9%

MTG-BKD SECS ETF$47.03M7.7%

IBOXX 3R TARGT$45.91M7.5%

COM$40.80M6.7%

20 YR TR BD ETF$37.10M6.1%

FUNDAMENTAL INTL$36.33M5.9%

Portfolio Concentration

Top 3$161.76M26.4%

4–10$198.67M32.5%

11–25$133.54M21.8%

Rest$117.97M19.3%

Top 3 weight

26.4%

Top 10 weight

58.9%

Voting Authority Distribution

Total shares with voting rights: 12.61M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

12.61M

% of voting shares100.0%

Investment Discretion (by position count)

Sole1876

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings1876

Rows:

GOLDMAN SACHS ETF TR

SOLE

ACCES TREASURY

Shares603.40K

TypeSH

Market value$60.48M

9.88%

Sole

0.00

Shared

0.00

None

603.40K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL US L

Shares2.06M

TypeSH

Market value$54.26M

8.87%

Sole

0.00

Shared

0.00

None

2.06M

VANGUARD SCOTTSDALE FDS

SOLE

MTG-BKD SECS ETF

Shares1M

TypeSH

Market value$47.03M

7.68%

Sole

0.00

Shared

0.00

None

FLEXSHARES TR

SOLE

IBOXX 3R TARGT

Shares1.89M

TypeSH

Market value$45.91M

7.50%

Sole

0.00

Shared

0.00

None

1.89M

ISHARES TR

SOLE

20 YR TR BD ETF

Shares415.14K

TypeSH

Market value$37.10M

6.06%

Sole

0.00

Shared

0.00

None

415.14K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL INTL

Shares673.70K

TypeSH

Market value$28.94M

4.73%

Sole

0.00

Shared

0.00

None

673.70K

ISHARES TR

SOLE

MSCI USA MMENTM

Shares94.43K

TypeSH

Market value$24.22M

3.96%

Sole

0.00

Shared

0.00

None

94.43K

SCHWAB STRATEGIC TR

SOLE

US LRG CAP ETF

Shares901.61K

TypeSH

Market value$23.75M

3.88%

Sole

0.00

Shared

0.00

None

901.61K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL US S

Shares637.57K

TypeSH

Market value$19.87M

3.25%

Sole

0.00

Shared

0.00

None

637.57K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares101.31K

TypeSH

Market value$18.89M

3.09%

Sole

0.00

Shared

0.00

None

101.31K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares82.22K

TypeSH

Market value$15.99M

2.61%

Sole

0.00

Shared

0.00

None

82.22K

SCHWAB STRATEGIC TR

SOLE

INTL EQTY ETF

Shares546.62K

TypeSH

Market value$12.73M

2.08%

Sole

0.00

Shared

0.00

None

546.62K

INVESCO EXCH TRADED FD TR II

SOLE

S&P500 LOW VOL

Shares164.02K

TypeSH

Market value$12.05M

1.97%

Sole

0.00

Shared

0.00

None

164.02K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares152.78K

TypeSH

Market value$10.07M

1.65%

Sole

0.00

Shared

0.00

None

152.78K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares219.80K

TypeSH

Market value$9.71M

1.59%

Sole

0.00

Shared

0.00

None

219.80K

SCHWAB STRATEGIC TR

SOLE

US DIVIDEND EQ

Shares351.08K

TypeSH

Market value$9.58M

1.57%

Sole

0.00

Shared

0.00

None

351.08K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL EMER

Shares211.73K

TypeSH

Market value$7.66M

1.25%

Sole

0.00

Shared

0.00

None

211.73K

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares62.62K

TypeSH

Market value$7.44M

1.22%

Sole

0.00

Shared

0.00

None

62.62K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL INTL

Shares166.05K

TypeSH

Market value$7.39M

1.21%

Sole

0.00

Shared

0.00

None

166.05K

GOLDMAN SACHS ETF TR

SOLE

ACTIVEBETA US

Shares98.66K

TypeSH

Market value$7.39M

1.21%

Sole

0.00

Shared

0.00

None

98.66K

APPLE INC

SOLE

COM

Shares27.83K

TypeSH

Market value$7.09M

1.16%

Sole

0.00

Shared

0.00

None

27.83K

SCHWAB STRATEGIC TR

SOLE

US SML CAP ETF

Shares248.48K

TypeSH

Market value$6.93M

1.13%

Sole

0.00

Shared

0.00

None

248.48K

INVESCO EXCH TRADED FD TR II

SOLE

S&P INTL LOW

Shares203.43K

TypeSH

Market value$6.81M

1.11%

Sole

0.00

Shared

0.00

None

203.43K

ISHARES TR

SOLE

CORE 60/40 BALAN

Shares100.91K

TypeSH

Market value$6.50M

1.06%

Sole

0.00

Shared

0.00

None

100.91K

VANGUARD SCOTTSDALE FDS

SOLE

LONG TERM TREAS

Shares108.88K

TypeSH

Market value$6.19M

1.01%

Sole

0.00

Shared

0.00

None

108.88K

Issuer	Class	Shares	Type	Value / Portfolio %	None
GOLDMAN SACHS ETF TRSOLE	ACCES TREASURY	603.40K	SH	$60.48M 9.88%	603.40K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL US L	2.06M	SH	$54.26M 8.87%	2.06M
VANGUARD SCOTTSDALE FDSSOLE	MTG-BKD SECS ETF	1M	SH	$47.03M 7.68%	1M
FLEXSHARES TRSOLE	IBOXX 3R TARGT	1.89M	SH	$45.91M 7.50%	1.89M
ISHARES TRSOLE	20 YR TR BD ETF	415.14K	SH	$37.10M 6.06%	415.14K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL INTL	673.70K	SH	$28.94M 4.73%	673.70K
ISHARES TRSOLE	MSCI USA MMENTM	94.43K	SH	$24.22M 3.96%	94.43K
SCHWAB STRATEGIC TRSOLE	US LRG CAP ETF	901.61K	SH	$23.75M 3.88%	901.61K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL US S	637.57K	SH	$19.87M 3.25%	637.57K
VANGUARD INDEX FDSSOLE	VALUE ETF	101.31K	SH	$18.89M 3.09%	101.31K
ISHARES TRSOLE	MSCI USA QLT FCT	82.22K	SH	$15.99M 2.61%	82.22K
SCHWAB STRATEGIC TRSOLE	INTL EQTY ETF	546.62K	SH	$12.73M 2.08%	546.62K
INVESCO EXCH TRADED FD TR IISOLE	S&P500 LOW VOL	164.02K	SH	$12.05M 1.97%	164.02K
ISHARES INCSOLE	CORE MSCI EMKT	152.78K	SH	$10.07M 1.65%	152.78K
ISHARES TRSOLE	MSCI INTL QUALTY	219.80K	SH	$9.71M 1.59%	219.80K
SCHWAB STRATEGIC TRSOLE	US DIVIDEND EQ	351.08K	SH	$9.58M 1.57%	351.08K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL EMER	211.73K	SH	$7.66M 1.25%	211.73K
ISHARES TRSOLE	CORE S&P SCP ETF	62.62K	SH	$7.44M 1.22%	62.62K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL INTL	166.05K	SH	$7.39M 1.21%	166.05K
GOLDMAN SACHS ETF TRSOLE	ACTIVEBETA US	98.66K	SH	$7.39M 1.21%	98.66K
APPLE INCSOLE	COM	27.83K	SH	$7.09M 1.16%	27.83K
SCHWAB STRATEGIC TRSOLE	US SML CAP ETF	248.48K	SH	$6.93M 1.13%	248.48K
INVESCO EXCH TRADED FD TR IISOLE	S&P INTL LOW	203.43K	SH	$6.81M 1.11%	203.43K
ISHARES TRSOLE	CORE 60/40 BALAN	100.91K	SH	$6.50M 1.06%	100.91K
VANGUARD SCOTTSDALE FDSSOLE	LONG TERM TREAS	108.88K	SH	$6.19M 1.01%	108.88K

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