# EDGAR Filing Document

**Accession Number:** 0001729869
**File Stem:** 0001729869-26-000003
**Filing Date:** 2026-4
**Character Count:** 13830
**Document Hash:** 75d9e3cb5c1aa8deda942c7188fd3b49
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001729869-26-000003.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001729869-26-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**EFFECTIVENESS DATE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Allied Investment Advisors, LLC
- **CENTRAL INDEX KEY:** 0001729869

**ORGANIZATION NAME:**
- **EIN:** 453171273
- **STATE OF INCORPORATION:** MT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18241
- **FILM NUMBER:** 26897424

**BUSINESS ADDRESS:**
- **STREET 1:** 3409 TRANSTECH WAY
- **STREET 2:** SUITE A
- **CITY:** BILLINGS
- **STATE:** MT
- **ZIP:** 59102
- **BUSINESS PHONE:** 406-839-2035

**MAIL ADDRESS:**
- **STREET 1:** 3409 TRANSTECH WAY
- **STREET 2:** SUITE A
- **CITY:** BILLINGS
- **STATE:** MT
- **ZIP:** 59102

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Allied Investment Advisors LLC<br>**Address:** 3409 TRANSTECH WAY<br>SUITE A<br>BILLINGS, MT 59102

**Form 13F File Number:** 028-18241

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** MICHELE WHITE<br>**Title:** CCO<br>**Phone:** 406-601-1318

**Signature, Place, and Date of Signing:**

MICHELE WHITE  Billings, MT  03-31-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 100

**Form 13F Information Table Value Total:** $697406189

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMAZON COM INC COM | Stock | 023135106 |  | 676461 | 3248 | SH |  | SOLE | 0 | 3248 | 0 | 0 |
| INVESCO QQQ TRUST SERIES I | ETF | 46090E103 |  | 272429 | 472 | SH |  | SOLE | 0 | 472 | 0 | 0 |
| STARBUCKS CORP COM | Stock | 855244109 |  | 637612 | 7117 | SH |  | SOLE | 0 | 7117 | 0 | 0 |
| EAGLE BANCORP MONT INC COM | Stock | 26942G100 |  | 610588 | 29669 | SH |  | SOLE | 0 | 29669 | 0 | 0 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 18206623 | 74483 | SH |  | SOLE | 0 | 74482 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 7002961 | 21829 | SH |  | SOLE | 0 | 21829 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION COM | Stock | 22160K105 |  | 1393009 | 1398 | SH |  | SOLE | 0 | 1398 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 17572058 | 20771 | SH |  | SOLE | 0 | 20771 | 0 | 0 |
| SHELL PLC SPON ADS | ADR | 780259305 |  | 18617577 | 200189 | SH |  | SOLE | 0 | 200189 | 0 | 0 |
| PROCTER  GAMBLE CO COM | Stock | 742718109 |  | 12306634 | 85202 | SH |  | SOLE | 0 | 85202 | 0 | 0 |
| MUELLER INDS INC COM | Stock | 624756102 |  | 217944 | 1967 | SH |  | SOLE | 0 | 1967 | 0 | 0 |
| STATE STR CORP COM | Stock | 857477103 |  | 16202211 | 128020 | SH |  | SOLE | 0 | 128020 | 0 | 0 |
| MEDTRONIC PLC SHS | Stock | G5960L103 |  | 11750000 | 135603 | SH |  | SOLE | 0 | 135603 | 0 | 0 |
| ISHARES SILVER TRUST | ETF | 46428Q109 |  | 279851 | 4107 | SH |  | SOLE | 0 | 4107 | 0 | 0 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 768292 | 6387 | SH |  | SOLE | 0 | 6387 | 0 | 0 |
| STATE STREET SPDR S 500 ETF | ETF | 78462F103 |  | 827883 | 1273 | SH |  | SOLE | 0 | 1273 | 0 | 0 |
| MCKESSON CORP COM | Stock | 58155Q103 |  | 414507 | 479 | SH |  | SOLE | 0 | 479 | 0 | 0 |
| TOTALENERGIES SE ACT | Stock | F92124100 |  | 17384549 | 191081 | SH |  | SOLE | 0 | 191081 | 0 | 0 |
| STEEL DYNAMICS INC COM | Stock | 858119100 |  | 328860 | 1827 | SH |  | SOLE | 0 | 1827 | 0 | 0 |
| EMERSON ELEC CO COM | Stock | 291011104 |  | 3448839 | 26323 | SH |  | SOLE | 0 | 26323 | 0 | 0 |
| DIAGEO PLC SPON ADR NEW | ADR | 25243Q205 |  | 8444193 | 113421 | SH |  | SOLE | 0 | 113421 | 0 | 0 |
| CORNING INC COM | Stock | 219350105 |  | 209938 | 1544 | SH |  | SOLE | 0 | 1544 | 0 | 0 |
| FEDEX CORP COM | Stock | 31428X106 |  | 17454576 | 49005 | SH |  | SOLE | 0 | 49004 | 0 | 0 |
| PEPSICO INC COM | Stock | 713448108 |  | 12627562 | 81316 | SH |  | SOLE | 0 | 81316 | 0 | 0 |
| KIMBERLY-CLARK CORP COM | Stock | 494368103 |  | 9889140 | 102510 | SH |  | SOLE | 0 | 102510 | 0 | 0 |
| FORD MTR CO COM | Stock | 345370860 |  | 142288 | 12330 | SH |  | SOLE | 0 | 12330 | 0 | 0 |
| US BANCORP COM NEW | Stock | 902973304 |  | 14169968 | 272447 | SH |  | SOLE | 0 | 272447 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 648242 | 1971 | SH |  | SOLE | 0 | 1971 | 0 | 0 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 2852392 | 6629 | SH |  | SOLE | 0 | 6629 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 1694451 | 3536 | SH |  | SOLE | 0 | 3536 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 1069921 | 3721 | SH |  | SOLE | 0 | 3720 | 0 | 0 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 24483593 | 66141 | SH |  | SOLE | 0 | 66141 | 0 | 0 |
| POWELL INDS INC COM | Stock | 739128106 |  | 347373 | 642 | SH |  | SOLE | 0 | 642 | 0 | 0 |
| 1/100 BERKSHIRE HTWY CLA100 SHS | Stock | 084670108 |  | 1436280 | 2 | SH |  | SOLE | 0 | 2 | 0 | 0 |
| BOEING CO COM | Stock | 097023105 |  | 365021 | 1834 | SH |  | SOLE | 0 | 1834 | 0 | 0 |
| VANGUARD HEALTH CARE ETF | ETF | 92204A504 |  | 46760695 | 171706 | SH |  | SOLE | 0 | 171706 | 0 | 0 |
| FIRST INTST BANCSYSTEM INC COM | Stock | 32055Y201 |  | 470205 | 14078 | SH |  | SOLE | 0 | 14078 | 0 | 0 |
| VANGUARD FTSE EUROPE ETF | ETF | 922042874 |  | 11821369 | 143411 | SH |  | SOLE | 0 | 143411 | 0 | 0 |
| VANGUARD INDUSTRIALS ETF | ETF | 92204A603 |  | 242907 | 778 | SH |  | SOLE | 0 | 778 | 0 | 0 |
| VANGUARD INFORMATION TECHNOLOGY ETF | ETF | 92204A702 |  | 1342413 | 1924 | SH |  | SOLE | 0 | 1924 | 0 | 0 |
| SCHWAB U.S. LARGE-CAP VALUE ETF | ETF | 808524409 |  | 379756 | 12451 | SH |  | SOLE | 0 | 12451 | 0 | 0 |
| CARLISLE COS INC COM | Stock | 142339100 |  | 273568 | 820 | SH |  | SOLE | 0 | 820 | 0 | 0 |
| ELI LILLY  CO COM | Stock | 532457108 |  | 286520 | 312 | SH |  | SOLE | 0 | 311 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | ETF | 464287655 |  | 235104 | 948 | SH |  | SOLE | 0 | 948 | 0 | 0 |
| SYSCO CORP COM | Stock | 871829107 |  | 11597402 | 162588 | SH |  | SOLE | 0 | 162588 | 0 | 0 |
| INVESCO S 500 LOW VOLATILITY ETF | ETF | 46138E354 |  | 892308 | 12200 | SH |  | SOLE | 0 | 12200 | 0 | 0 |
| MDU RES GROUP INC COM | Stock | 552690109 |  | 462139 | 22304 | SH |  | SOLE | 0 | 22304 | 0 | 0 |
| FIRST SOLAR INC COM | Stock | 336433107 |  | 202586 | 1027 | SH |  | SOLE | 0 | 1027 | 0 | 0 |
| SCHWAB US DIVIDEND EQUITY ETF | ETF | 808524797 |  | 55734051 | 1816625 | SH |  | SOLE | 0 | 1816624 | 0 | 0 |
| DIMENSIONAL U.S. EQUITY MARKET ETF | ETF | 25434V401 |  | 549694 | 7752 | SH |  | SOLE | 0 | 7752 | 0 | 0 |
| VANGUARD VALUE ETF | ETF | 922908744 |  | 1612372 | 8218 | SH |  | SOLE | 0 | 8218 | 0 | 0 |
| ISHARES MSCI GLOBAL METALS  MINING PRODUCERS ETF | ETF | 46434G848 |  | 3982465 | 70374 | SH |  | SOLE | 0 | 70374 | 0 | 0 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 657377 | 1149 | SH |  | SOLE | 0 | 1149 | 0 | 0 |
| WP CAREY INC COM | REIT | 92936U109 |  | 222977 | 3281 | SH |  | SOLE | 0 | 3281 | 0 | 0 |
| BROADCOM INC COM | Stock | 11135F101 |  | 909340 | 2938 | SH |  | SOLE | 0 | 2938 | 0 | 0 |
| VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF | ETF | 922020805 |  | 200499 | 4014 | SH |  | SOLE | 0 | 4014 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 1952757 | 11197 | SH |  | SOLE | 0 | 11197 | 0 | 0 |
| CUMMINS INC COM | Stock | 231021106 |  | 222202 | 413 | SH |  | SOLE | 0 | 413 | 0 | 0 |
| GENUINE PARTS CO COM | Stock | 372460105 |  | 9590362 | 90689 | SH |  | SOLE | 0 | 90689 | 0 | 0 |
| GERON CORP COM | Stock | 374163103 |  | 23779 | 15959 | SH |  | SOLE | 0 | 15959 | 0 | 0 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 498487 | 2292 | SH |  | SOLE | 0 | 2292 | 0 | 0 |
| KNIFE RIVER CORP COMMON STOCK | Stock | 498894104 |  | 373304 | 4572 | SH |  | SOLE | 0 | 4572 | 0 | 0 |
| MCDONALDS CORP COM | Stock | 580135101 |  | 424539 | 1366 | SH |  | SOLE | 0 | 1366 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 343578 | 4428 | SH |  | SOLE | 0 | 4428 | 0 | 0 |
| ADVANCED MICRO DEVICES INC COM | Stock | 007903107 |  | 293549 | 1443 | SH |  | SOLE | 0 | 1443 | 0 | 0 |
| VANGUARD FINANCIALS ETF | ETF | 92204A405 |  | 225069 | 1863 | SH |  | SOLE | 0 | 1863 | 0 | 0 |
| PROSHARES S 500 DIVIDEND ARISTOCRATS ETF | ETF | 74348A467 |  | 1335938 | 12602 | SH |  | SOLE | 0 | 12602 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 279574 | 428 | SH |  | SOLE | 0 | 428 | 0 | 0 |
| EVERUS CONSTR GROUP COM | Stock | 300426103 |  | 661962 | 5607 | SH |  | SOLE | 0 | 5607 | 0 | 0 |
| WELLS FARGO  CO COM | Stock | 949746101 |  | 16136071 | 202689 | SH |  | SOLE | 0 | 202689 | 0 | 0 |
| LOCKHEED MARTIN CORP COM | Stock | 539830109 |  | 14461240 | 23927 | SH |  | SOLE | 0 | 23927 | 0 | 0 |
| JPMORGAN CHASE  CO COM | Stock | 46625H100 |  | 20449023 | 69517 | SH |  | SOLE | 0 | 69516 | 0 | 0 |
| CHEVRON CORPORATION COM | Stock | 166764100 |  | 18987213 | 91770 | SH |  | SOLE | 0 | 91770 | 0 | 0 |
| CONOCOPHILLIPS COM | Stock | 20825C104 |  | 361284 | 2737 | SH |  | SOLE | 0 | 2737 | 0 | 0 |
| BANK OF AMER CORP COM | Stock | 060505104 |  | 15925489 | 326677 | SH |  | SOLE | 0 | 326676 | 0 | 0 |
| WALMART INC COM | Stock | 931142103 |  | 2550723 | 20524 | SH |  | SOLE | 0 | 20524 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 1235947 | 5099 | SH |  | SOLE | 0 | 5099 | 0 | 0 |
| ORACLE CORP COM | Stock | 68389X105 |  | 301641 | 2050 | SH |  | SOLE | 0 | 2050 | 0 | 0 |
| RTX CORPORATION COM | Stock | 75513E101 |  | 19077231 | 98897 | SH |  | SOLE | 0 | 98897 | 0 | 0 |
| TARGET CORP COM | Stock | 87612E106 |  | 12162662 | 100352 | SH |  | SOLE | 0 | 100352 | 0 | 0 |
| PFIZER INC COM | Stock | 717081103 |  | 11347818 | 404125 | SH |  | SOLE | 0 | 404124 | 0 | 0 |
| 3M CO COM | Stock | 88579Y101 |  | 12634720 | 86998 | SH |  | SOLE | 0 | 86998 | 0 | 0 |
| AMRIZE LTD SHS | Stock | H2927K103 |  | 12339357 | 220267 | SH |  | SOLE | 0 | 220267 | 0 | 0 |
| CATERPILLAR INC COM | Stock | 149123101 |  | 27442907 | 38736 | SH |  | SOLE | 0 | 38736 | 0 | 0 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 695349 | 2424 | SH |  | SOLE | 0 | 2424 | 0 | 0 |
| AMERICAN EXPRESS CO COM | Stock | 025816109 |  | 299153 | 989 | SH |  | SOLE | 0 | 989 | 0 | 0 |
| OTIS WORLDWIDE CORP COM | Stock | 68902V107 |  | 10249944 | 132978 | SH |  | SOLE | 0 | 132978 | 0 | 0 |
| VANGUARD UTILITIES ETF | ETF | 92204A876 |  | 17755722 | 89612 | SH |  | SOLE | 0 | 89612 | 0 | 0 |
| ISHARES CORE U.S. AGGREGATE BOND ETF | ETF | 464287226 |  | 229214 | 2309 | SH |  | SOLE | 0 | 2309 | 0 | 0 |
| AAON INC COM PAR $0.004 | Stock | 000360206 |  | 13243310 | 160040 | SH |  | SOLE | 0 | 160040 | 0 | 0 |
| GLACIER BANCORP INC NEW COM | Stock | 37637Q105 |  | 827601 | 18527 | SH |  | SOLE | 0 | 18527 | 0 | 0 |
| VANGUARD MEGA CAP GROWTH ETF | ETF | 921910816 |  | 269701 | 734 | SH |  | SOLE | 0 | 734 | 0 | 0 |
| REALTY INCOME CORP COM | REIT | 756109104 |  | 12097244 | 197732 | SH |  | SOLE | 0 | 197732 | 0 | 0 |
| CITIGROUP INC COM NEW | Stock | 172967424 |  | 421205 | 3714 | SH |  | SOLE | 0 | 3714 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 21446386 | 126408 | SH |  | SOLE | 0 | 126408 | 0 | 0 |
| LOWES COS INC COM | Stock | 548661107 |  | 14766082 | 62494 | SH |  | SOLE | 0 | 62494 | 0 | 0 |
| DEERE  CO COM | Stock | 244199105 |  | 16584679 | 29442 | SH |  | SOLE | 0 | 29442 | 0 | 0 |
| SCHWAB CHARLES CORP COM | Stock | 808513105 |  | 248013 | 2639 | SH |  | SOLE | 0 | 2639 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 12231485 | 48195 | SH |  | SOLE | 0 | 48195 | 0 | 0 |
| ABBOTT LABORATORIES COM | Stock | 002824100 |  | 10813102 | 105319 | SH |  | SOLE | 0 | 105319 | 0 | 0 |

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