Xcel Energy Inc.
MX ˙ BMV ˙ US98389B1008
SecurityMX:XEL / Xcel Energy Inc.
InstitutionBell Bank
Latest Disclosed Ownership4,397 shares
Latest Disclosed Value $ 349,298
Bell Bank reports 9.25% decrease in ownership of XEL / Xcel Energy Inc.

On April 23, 2026 - Bell Bank filed a 13F-HR form disclosing ownership of 4,397 shares of Xcel Energy Inc. (MX:XEL) valued at $349,298 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 14, 2026 disclosing 4,845 shares of Xcel Energy Inc.. This represents a change in shares of -9.25% 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 XCEL ENERGY COM 98389B100 4,397 -448 -9.25 349 -2.24 0.0148
2026-01-14 2025-12-31 13F XCEL ENERGY COM 98389B100 4,845 0 0.00 358 -8.46 0.0153
2025-10-21 2025-09-30 13F XCEL ENERGY COM 98389B100 4,845 -7,999 -62.28 391 -55.38 0.0169
2025-07-11 2025-06-30 13F XCEL ENERGY COM 98389B100 12,844 1,773 16.01 875 11.62 0.0408
2025-04-18 2025-03-31 13F XCEL ENERGY COM 98389B100 11,071 0 0.00 784 4.82 0.0423
2025-02-03 2024-12-31 13F XCEL ENERGY COM 98389B100 11,071 0 0.00 748 3.46 0.0556
2024-11-06 2024-09-30 13F XCEL ENERGY COM 98389B100 11,071 -1,508 -11.99 723 7.60 0.0855
2024-07-31 2024-06-30 13F XCEL ENERGY COM 98389B100 12,579 -500 -3.82 672 -4.42 0.0565
2024-04-23 2024-03-31 13F XCEL ENERGY COM 98389B100 13,079 2 0.02 703 -13.23 0.0605
2024-01-23 2023-12-31 13F XCEL ENERGY COM 98389B100 13,077 -1,187 -8.32 810 -0.86 0.0780
2023-10-30 2023-09-30 13F XCEL ENERGY COM 98389B100 14,264 0 0.00 816 -7.90 0.0893
2023-07-27 2023-06-30 13F XCEL ENERGY COM 98389B100 14,264 1,186 9.07 887 0.57 0.0940
2023-04-19 2023-03-31 13F XCEL ENERGY COM 98389B100 13,078 -258 -1.93 882 -5.67 0.0933
2023-01-31 2022-12-31 13F XCEL ENERGY COM 98389B100 13,336 0 0.00 935 9.50 0.1086
2022-10-11 2022-09-30 13F XCEL ENERGY COM 98389B100 13,336 2,557 23.72 853 11.80 0.1091
2022-07-15 2022-06-30 13F XCEL ENERGY COM 98389B100 10,779 2,272 26.71 763 24.27 0.0913
2022-04-25 2022-03-31 13F XCEL ENERGY COM 98389B100 8,507 -237 -2.71 614 3.72 0.0685
2022-02-01 2021-12-31 13F XCEL ENERGY COM 98389B100 8,744 0 0.00 592 8.23 0.0675
2021-10-22 2021-09-30 13F XCEL ENERGY COM 98389B100 8,744 -850 -8.86 547 -13.45 0.0682
2021-07-30 2021-06-30 13F XCEL ENERGY COM 98389B100 9,594 0 0.00 632 -0.94 0.0834
2021-05-07 2021-03-31 13F XCEL ENERGY COM 98389B100 9,594 1,000 11.64 638 11.34 0.0918
2021-02-05 2020-12-31 13F XCEL ENERGY COM 98389B100 8,594 -165 -1.88 573 -5.13 0.0884
2020-11-05 2020-09-30 13F XCEL ENERGY COM 98389B100 8,759 1,165 15.34 604 27.16 0.1061
2020-08-13 2020-06-30 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 475 3.71 0.0882
2020-05-11 2020-03-31 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 458 -4.98 0.0995
2020-02-13 2019-12-31 13F XCEL ENERGY COM 98389B100 7,594 -795 -9.48 482 -11.40 0.0871
2019-11-14 2019-09-30 13F XCEL ENERGY COM 98389B100 8,389 795 10.47 544 20.35 0.1032
2019-08-14 2019-06-30 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 452 5.85 0.1016
2019-05-14 2019-03-31 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 427 14.17 0.1144
2019-02-14 2018-12-31 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 374 4.18 0.1145
2018-11-14 2018-09-30 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 359 3.46 0.1103
2018-08-14 2018-06-30 13F XCEL ENERGY COM 98389B100 7,594 -26 -0.34 347 0.00 0.1073
2018-05-14 2018-03-31 13F XCEL ENERGY COM 98389B100 7,620 0 0.00 347 -5.45 0.1105
2018-02-14 2017-12-31 13F XCEL ENERGY COM 98389B100 7,620 26 0.34 367 2.23 0.1032
2017-11-13 2017-09-30 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 359 3.16 0.1045
2017-08-14 2017-06-30 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 348 2.96 0.1234
2017-05-05 2017-03-31 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 338 9.39 0.1256
2017-02-14 2016-12-31 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 309 -0.96 0.1207
2016-11-15 2016-09-30 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 312 -8.24 0.1965
2016-08-10 2016-06-30 13F XCEL ENERGY COM 98389B100 7,594 0 0.00 340 6.92 0.1955
2016-05-12 2016-03-31 13F XCEL ENERGY COM 98389B100 7,594 -395 -4.94 318 10.80 0.2071
2016-02-04 2015-12-31 13F XCEL ENERGY COM 98389B100 7,989 -22,651 -73.93 287 -73.55 0.2059
2015-11-12 2015-09-30 13F XCEL ENERGY COM 98389B100 30,640 65 0.21 1,085 10.26 0.8611
2015-08-04 2015-06-30 13F XCEL ENERGY COM 98389B100 30,575 -2,787 -8.35 984 -15.25 0.7288
2015-05-01 2015-03-31 13F XCEL ENERGY COM 98389B100 33,362 -409 -1.21 1,161 -4.29 0.8153
2015-02-10 2014-12-31 13F XCEL ENERGY COM 98389B100 33,771 -175 -0.52 1,213 17.54 0.8344
2014-10-24 2014-09-30 13F XCEL ENERGY COM 98389B100 33,946 1,250 3.82 1,032 -2.09 0.7395
2014-07-29 2014-06-30 13F XCEL ENERGY COM 98389B100 32,696 103 0.32 1,054 6.46 0.7407
2014-05-12 2014-03-31 13F XCEL ENERGY COM 98389B100 32,593 -2,060 -5.94 990 2.27 0.6603
2014-02-12 2013-12-31 13F XCEL ENERGY COM 98389B100 34,653 -2,598 -6.97 968 -5.93 0.5020
2013-10-24 2013-09-30 13F XCEL ENERGY COM 98389B100 37,251 518 1.41 1,029 -1.15 0.3596
2013-08-06 2013-06-30 13F XCEL ENERGY COM 98389B100 36,733 36,733 1,041 0.3649
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.