International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionBell Bank
Latest Disclosed Ownership50,274 shares
Latest Disclosed Value $ 12,185,915
Bell Bank reports 9.38% increase in ownership of IBM / International Business Machines Corporation

On April 23, 2026 - Bell Bank filed a 13F-HR form disclosing ownership of 50,274 shares of International Business Machines Corporation (MX:IBM) valued at $12,185,915 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 14, 2026 disclosing 45,962 shares of International Business Machines Corporation. This represents a change in shares of 9.38% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-23 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 50,274 4,312 9.38 12,186 -10.50 0.5166
2026-01-14 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 45,962 114 0.25 13,614 5.24 0.5818
2025-10-21 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 45,848 1,683 3.81 12,936 -0.63 0.5603
2025-07-11 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 44,165 -7,385 -14.33 13,019 1.56 0.6069
2025-04-18 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 51,550 185 0.36 12,818 13.52 0.6920
2025-02-03 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 51,365 4,182 8.86 11,292 8.24 0.8399
2024-11-06 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 47,183 -9,500 -16.76 10,431 6.41 1.2342
2024-07-31 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 56,683 -1,549 -2.66 9,803 -11.84 0.8243
2024-04-23 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 58,232 -851 -1.44 11,120 15.07 0.9562
2024-01-23 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 59,083 -549 -0.92 9,663 15.50 0.9314
2023-10-30 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 59,632 -1,252 -2.06 8,366 2.70 0.9156
2023-07-27 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 60,884 -3,720 -5.76 8,147 -3.80 0.8634
2023-04-19 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 64,604 -1,189 -1.81 8,469 -8.64 0.8961
2023-01-31 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 65,793 417 0.64 9,270 19.34 1.0770
2022-10-11 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 65,376 7,236 12.45 7,767 -5.38 0.9933
2022-07-15 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 58,140 6,217 11.97 8,209 21.60 0.9825
2022-04-25 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 51,923 9,596 22.67 6,751 19.34 0.7532
2022-02-01 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 42,327 8,236 24.16 5,657 19.45 0.6449
2021-10-22 2021-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 34,091 2,432 7.68 4,736 2.05 0.5908
2021-07-30 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 31,659 2,004 6.76 4,641 17.43 0.6125
2021-05-07 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 29,655 1,595 5.68 3,952 11.89 0.5689
2021-02-05 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 28,060 3,569 14.57 3,532 18.52 0.5451
2020-11-05 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 24,491 -850 -3.35 2,980 -2.61 0.5233
2020-08-13 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 25,341 -12,031 -32.19 3,060 -26.19 0.5684
2020-05-11 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 37,372 3,731 11.09 4,146 -8.05 0.9004
2020-02-13 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 33,641 -2,581 -7.13 4,509 -14.39 0.8152
2019-11-14 2019-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 36,222 72 0.20 5,267 5.66 0.9992
2019-08-14 2019-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 36,150 202 0.56 4,985 -1.72 1.1205
2019-05-14 2019-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 35,948 2,444 7.29 5,072 33.19 1.3589
2019-02-14 2018-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 33,504 703 2.14 3,808 -23.23 1.1654
2018-11-14 2018-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 32,801 -1,257 -3.69 4,960 4.25 1.5245
2018-08-14 2018-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 34,058 -358 -1.04 4,758 -9.89 1.4709
2018-05-14 2018-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 34,416 240 0.70 5,280 0.71 1.6813
2018-02-14 2017-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 34,176 -2,577 -7.01 5,243 -1.67 1.4737
2017-11-13 2017-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 36,753 500 1.38 5,332 -4.39 1.5519
2017-08-14 2017-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 36,253 12,075 49.94 5,577 32.47 1.9776
2017-05-05 2017-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 24,178 1,854 8.30 4,210 13.60 1.5645
2017-02-14 2016-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 22,324 15 0.07 3,706 4.57 1.4474
2016-11-15 2016-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 22,309 850 3.96 3,544 8.81 2.2321
2016-08-10 2016-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 21,459 1,037 5.08 3,257 5.30 1.8731
2016-05-12 2016-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 20,422 2,840 16.15 3,093 27.81 2.0139
2016-02-04 2015-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 17,582 17,582 2,420 1.7358
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.