Allied Investment Advisors, LLC

RIA/Wealth

Allied Investment Advisors, LLC is a RIA/Wealth based in Billings, MT led by Eric Allen Vermulm, reporting $1.1B in AUM as of Q3 2025 with SCHD as the largest holding (7% allocation).

CIOEric Allen Vermulm

Portfolio Value: $628.3M
Positions: 97
Top Holding: SCHD at 7.42%
Last Reported: Q3 2025

Address3409 Transtech Way, Suite A, Billings, MT, 59102, United States

Top Holdings

Largest long holdings in Allied Investment Advisors, LLC's portfolio (40.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Schwab US Dividend Equity SCHD	ETF ETF	$46.6M	7.42%	+$2.1M Bought	— 1.7M shares	Q1 2024 Held for 1y 8m
2 Vanguard Health Care VHT	ETF ETF	$42.5M	6.76%	+$2.2M Bought	— 163.5K shares	Q4 2017 Held for 7y 11m
3 Microsoft MSFT	Software - Infrastructure Technology	$33.2M	5.28%	+$923.5K Bought	0.00% 64.1K shares	Q4 2017 Held for 7y 11m
4 JPMorgan Chase JPM	Banks - Diversified Financial Services	$22.1M	3.52%	+$251.1K Bought	0.00% 70.2K shares	Q4 2017 Held for 7y 11m
5 Caterpillar CAT	Agricultural - Machinery Industrials	$20.8M	3.30%	-$105.9K Sold	0.01% 43.5K shares	Q4 2017 Held for 7y 11m
6 Aaon AAON	Construction Industrials	$18.6M	2.95%	-$4.1M Sold	0.24% 198.7K shares	Q1 2019 Held for 6y 8m
7 Raytheon Technologies RTX	Aerospace & Defense Industrials	$17.7M	2.81%	+$213.3K Bought	0.01% 105.6K shares	Q4 2017 Held for 7y 11m
8 Goldman Sachs Group GS	Financial - Capital Markets Financial Services	$17.3M	2.76%	-$310.6K Sold	0.01% 21.8K shares	Q4 2022 Held for 2y 11m
9 Wells Fargo & Company WFC	Banks - Diversified Financial Services	$16.8M	2.68%	+$344.0K Bought	0.01% 200.5K shares	Q4 2017 Held for 7y 11m
10 Vanguard Utilities VPU	ETF ETF	$16.8M	2.67%	-$9.5M Sold	— 88.6K shares	Q3 2023 Held for 2y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Allied Investment Advisors, LLC's latest filing

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Market Value

$628.3M

Prior: $571.9M

Q/Q Change

+9.86%

+$56.4M

Net Flows % of MV

+3.18%

Turnover Ratio

6.31%

New Purchases

13 stocks

$23.5M

Added To

52 stocks

+$26.1M

Sold Out Of

3 stocks

$3.1M

Reduced Holdings

15 stocks

-$26.5M

Increased Positions

Position	Shares Δ	Change
1 Realty Income O	New	0 → 178.8K +$10.9M
2 Amrize Ltd AMRZ	New	0 → 196.1K +$9.5M
3 McKesson MCK	New	0 → 479.0 +$370.0K
4 Invesco QQQ Trust QQQ	New	0 → 603.0 +$362.0K
5 Western Digital WDC	New	0 → 2.6K +$317.2K

Decreased Positions

Position	Shares Δ	Change
1 iShares MSCI Global Metals & Mining Producers PICK	Sold	67.9K → 0 −$2.6M
2 Eagle Bancorp Montana EBMT	Sold	31.8K → 0 −$529.6K
3 Ryvyl Inc. RVYL	Sold	14.7K → 0 −$12.5K
4 GLD SPDR Gold Trust GLD	-84.05%	6.6K → 1.1K −$2.0M
5 Emerson Electric EMR	-71.58%	105.2K → 29.9K −$9.9M

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Analytics

Portfolio insights and performance metrics for Allied Investment Advisors, LLC

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Sector Allocation

ETF

20.90%

Industrials

19.40%

Financial Services

16.90%

Consumer Defensive

8.70%

Technology

8.20%

Healthcare

7.80%

Consumer Cyclical

4.60%

Energy

4.40%

Real Estate

1.70%

Communication Services

0.40%

Basic Materials

0.10%

Market Cap Distribution

Mega Cap (> $200B)

38.17%

Large Cap ($10B - $200B)

32.25%

Mid Cap ($2B - $10B)

3.43%

Small Cap ($300M - $2B)

0.00%

N/A (ETF or Unknown)

26.15%

Portfolio Concentration

Top 10 Holdings %

40.16%

Top 20 Holdings %

62.32%

Top 50 Holdings %

96.87%

Top 100 Holdings %

100.0%