American Investment Services, Inc.

Name: American Investment Services, Inc. 13F holdings, Q2 2025
Creator: American Investment Services, Inc.
Published: 2025-08-13

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), American Investment Services, Inc. reported 133 stock positions worth $391.8 million. Its top holding was SPDR Gold Minishares Trust (GLDM) at 9.6% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 9.1%) and Dimensional US Marketwide Va (DFUV, 5.4%). Compared with Q1 2025, it opened 3 new positions, sold out of 27, added to 31 and reduced 78. The biggest buy was Dimensional Emrg MRKT Core (DFEM, shares +2%) and the biggest sale Dimensional US Eq MKT ETF (DFUS, shares −75%).

Most Recent 13F: Q2 2026
Location: GREAT BARRINGTON, MA
CIK: 0001369913
Portfolio Value: $391.8M (Q2 2025)
SEC Filing: 0001085146-25-004966 ↗ filed Aug 13, 2025

Holdings Value

Holdings 133 stocks · $391.8M


GLDM SPDR Gold Minishares Trust	9.63%	576,066	$37.7M	Reduce -14.2%
VUG Vanguard Mrngstar GR ETF-Sui	9.10%	81,335	$35.7M	Reduce -21.4%
DFUV Dimensional US Marketwide Va	5.37%	497,425	$21.0M	Reduce -41.5%
VYMI Vanguard Int High DVD YLD Inc.	4.95%	241,858	$19.4M	Reduce -2.0%
DFAS Dimensional US Small Cap ETF	2.80%	171,913	$11.0M	Reduce -5.1%
DFIC Dimensional International Co.	2.76%	347,598	$10.8M	Reduce -19.5%
VTV Vanguard Mrngstr Val ETF-Aui	2.67%	59,221	$10.5M	Reduce -4.6%
DFUS Dimensional US Eq MKT ETF	2.67%	155,783	$10.4M	Reduce -75.5%
VPU Vanguard Utilities ETF	2.41%	53,563	$9.5M	Reduce -5.5%
VZ Verizon Communications Inc.	2.30%	208,648	$9.0M	Reduce -6.4%
VEA Vanguard Ftse Developed ETF	2.20%	151,271	$8.6M	Reduce -5.5%
IAU iShares Gold Trust	2.11%	132,434	$8.3M	Reduce -21.6%
DFAT Dimensional US Target Value	2.02%	146,967	$7.9M	Reduce -9.6%
CVX Chevron Corp.	1.89%	51,679	$7.4M	Add +18.0%
DFEM Dimensional Emrg MRKT Core	1.85%	244,794	$7.3M	Add +2.2%
DFAX Dimensional World Ex US Core	1.81%	242,051	$7.1M	Reduce -34.3%
DFAW Dimensional World Eqty ETF	1.76%	102,722	$6.9M	Reduce -1.7%
DFGR Dim Global Real Estate ETF	1.72%	251,640	$6.8M	Add +2.7%
VBR Vngrd Mrngst SL-CP Val ETF-U	1.62%	32,620	$6.4M	Add +2.3%
VNQ Vanguard Real Estate ETF	1.58%	69,597	$6.2M	Reduce -6.3%
VB Vanguard Most SM-Cap ETF-Usd	1.54%	25,465	$6.0M	Add +10.0%
SHV iShares 0-1 Year Treasury Bo	1.49%	52,688	$5.8M	Reduce -26.3%
VOO Vanguard S&P 500 ETF	1.36%	9,375	$5.3M	Reduce -21.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	1.07%	14,247	$4.2M	Reduce -9.5%
DFSV Dimensional US Small Cap Val	1.02%	136,333	$4.0M	Add +1.9%
VWO Vanguard Ftse Emerging Marke	0.91%	72,391	$3.6M	Reduce -4.0%
VTEB Vanguard Tax-Exempt Bond ETF	0.86%	68,774	$3.4M	Add +10.2%
SPDW Ste STR SPDR PT DW Eu ETF	0.84%	81,497	$3.3M	Reduce -6.9%
SCHO Schwab Short-Term US Treas	0.83%	132,934	$3.2M	Add +7.1%
VGSH Vanguard Short-Term Treasury	0.81%	54,165	$3.2M	Reduce -8.3%
SPYV SS SPDR P S&P 500 Value ETF	0.81%	60,808	$3.2M	Reduce -3.1%
JNJ Johnson & Johnson	0.80%	20,545	$3.1M	Add +29.7%
DFLV Dim US Large Cap Value ETF	0.80%	101,010	$3.1M	Reduce -9.9%
DFNM Dimensional National Muni BD	0.79%	65,088	$3.1M	Reduce -27.3%
SHY iShares 1-3 Year Treasury Bo	0.78%	36,772	$3.0M	Reduce -5.8%
MMM 3M Co.	0.72%	18,432	$2.8M	Reduce -45.5%
BRK.B Berkshire Hathaway Inc. Class B	0.70%	5,677	$2.8M	Reduce -55.5%
SPYM Ste STR SPDR PT S&P 500 ETF	0.69%	37,438	$2.7M	Reduce -2.3%
VCIT Vanguard Int-Term Corporate	0.65%	30,753	$2.6M	Reduce -1.8%
MRK Merck & Co. Inc.	0.60%	29,685	$2.3M	Add +102.3%
DFAI Dimensional International Co.	0.59%	66,549	$2.3M	Reduce -2.9%
DOW Dow Inc.	0.59%	86,617	$2.3M	Reduce -22.6%
VTI VG Morningstar TS MKT ETF-US	0.56%	7,160	$2.2M	Reduce -0.0%
BSV Vanguard Short-Term Bond ETF	0.55%	27,418	$2.2M	Reduce -7.3%
SCHX Schwab US Large-Cap ETF	0.54%	86,011	$2.1M	Reduce -0.9%
IVW iShares S&P 500 Growth ETF	0.54%	19,068	$2.1M	Reduce -15.7%
SCHA Schwab US Small-Cap ETF	0.51%	79,232	$2.0M	Add +1.4%
AMGN Amgen Inc.	0.48%	6,670	$1.9M	Add +24.5%
XOM Exxon Mobil Corp.	0.46%	16,856	$1.8M	Reduce -0.6%
DFSD Dimensional Short Duration	0.46%	37,340	$1.8M	Reduce -2.3%
RSP Invesco S&P 500 Equal Weight	0.44%	9,522	$1.7M	Reduce -1.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.44%	6,056	$1.7M	Reduce -68.5%
DUHP Dimensional US High Profi Et	0.42%	46,558	$1.7M	Add +0.4%
TIP iShares Tips Bond ETF	0.42%	15,023	$1.7M	Reduce -15.7%
IWF iShares Russell 1000 Growth	0.40%	3,673	$1.6M	Reduce -0.7%
DFIV Dimensional International Va	0.39%	35,997	$1.5M	Reduce -12.5%
AGG iShares Core U.S. Aggregate	0.38%	14,886	$1.5M	Add +2.8%
DFAU Dimensional US Core Equity M	0.36%	33,442	$1.4M	Add +0.0%
IJS iShares S&P Small-Cap 600 Va	0.33%	12,950	$1.3M	Reduce -13.3%
VONE Vanguard Russell 1000	0.33%	4,576	$1.3M	Add +1.0%
DFGP Dimensional GLBL Core PL Fix	0.32%	23,325	$1.3M	Reduce -18.2%
DFAE Dimensional Emerging Core Eq	0.30%	41,177	$1.2M	Reduce -25.9%
SCHF Schwab Intl Equity ETF	0.30%	53,224	$1.2M	Add +0.0%
LLY Eli Lilly & Co.	0.28%	1,395	$1.1M	Reduce -1.6%
SLYV SS SPDR S&P 600 SC Val ETF	0.28%	13,603	$1.1M	Add +0.2%
AMT American Tower Corp.	0.23%	4,067	$899K	Add +0.6%
BND Vanguard Total Bond Market	0.23%	12,155	$895K	Add +8.5%
SCHE Schwab Emrg Mrkts Eqty ETF	0.23%	29,483	$889K	Reduce -0.0%
DFVX Dim US Large Cap Vector ETF	0.22%	12,712	$876K	Add +4.1%
SPEM State Street SP PTF Em ETF	0.21%	19,372	$828K	Reduce -4.0%
JPM JPMorgan Chase & Co.	0.21%	2,837	$822K	Reduce -74.0%
SPSM SS SPDR P S&P 600 Small Cap	0.21%	19,244	$820K	Reduce -2.2%
IWD iShares Russell 1000 Value E	0.20%	4,076	$792K	No change
HD Home Depot Inc.	0.20%	2,140	$785K	No change
BRK.A Berkshire Hathaway Inc. Class A	0.19%	1	$729K	Reduce -87.5%
PG The Procter & Gamble Co.	0.18%	4,497	$716K	Reduce -18.3%
CSCO Cisco Systems Inc.	0.18%	10,186	$707K	Reduce -5.8%
PLD Prologis Inc.	0.17%	6,469	$680K	Add +0.8%
CI The Cigna Group	0.17%	2,033	$672K	No change
IVV iShares Core S&P 500 ETF	0.17%	1,045	$649K	Reduce -24.9%
EQIX Equinix Inc.	0.17%	814	$648K	No change
IJR iShares Core S&P Small-Cap E	0.16%	5,636	$616K	Add +1.2%
EEM iShares MSCI Emerging Market	0.15%	11,948	$576K	Reduce -0.3%
DFAR Dimensional US Real Est ETF	0.15%	24,350	$571K	Reduce -42.5%
SPY SS SPDR S&P 500 ETF Trust-US	0.14%	898	$555K	Reduce -96.8%
GE General Electric filed as GE AEROSPACE	0.14%	2,097	$540K	Reduce -3.1%
IWM iShares Russell 2000 ETF	0.14%	2,477	$535K	Reduce -23.8%
DLR Digital Realty Trust Inc.	0.13%	3,030	$528K	Add +1.2%
NEE Nextera Energy Inc.	0.13%	7,586	$527K	Reduce -0.7%
PEP Pepsico Inc.	0.13%	3,951	$522K	Reduce -6.8%
SCHV Schwab US Large-Cap Value	0.12%	17,298	$479K	No change
VGT Vanguard Info Tech ETF	0.12%	720	$478K	Reduce -9.4%
SPG Simon Property Group Inc.	0.12%	2,943	$473K	No change
O Realty Income Corp.	0.12%	7,930	$457K	Add +1.2%
VTIP Vanguard Short-Term Tips	0.11%	8,956	$450K	Add +12.6%
WBA Walgreens Boots Alliance Inc.	0.11%	39,185	$450K	Reduce -57.0%
CL Colgate-Palmolive Co.	0.11%	4,800	$436K	Reduce -5.9%
CCI Crown Castle Inc.	0.11%	4,217	$433K	Add +1.2%
MSFT Microsoft Corp.	0.11%	850	$423K	Reduce -33.3%
AAPL Apple Inc.	0.11%	2,029	$416K	Reduce -96.3%

Show all 133 holdings

Portfolio Sells Q1 2025 → Q2 2025


DFUS Dimensional US Eq MKT ETF	Reduce -75.5%	2.67%	−4.09
QQQ Invesco QQQ Trust Series 1	Sold out	0.00%	−2.74
MGC Vngrd Mrngstr MG Cap ETF-Usd	Sold out	0.00%	−2.73
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -96.8%	0.14%	−2.64
AAPL Apple Inc.	Reduce -96.3%	0.11%	−2.02
GOOG Alphabet Inc. Class C	Sold out	0.00%	−1.77
MA Mastercard Inc. Class A	Sold out	0.00%	−1.50
BRK.A Berkshire Hathaway Inc. Class A	Reduce -87.5%	0.19%	−0.94
DFUV Dimensional US Marketwide Va	Reduce -41.5%	5.37%	−0.80
GOOGL Alphabet Inc. Class A	Sold out	0.00%	−0.79
V Visa Inc. Class A	Sold out	0.00%	−0.69
PM Philip Morris International	Sold out	0.00%	−0.66
MLM Martin Marietta Materials	Sold out	0.00%	−0.61
BRK.B Berkshire Hathaway Inc. Class B	Reduce -55.5%	0.70%	−0.49
MDLZ Mondelez International Inc. Class A	Sold out	0.00%	−0.47
VV Vngrd Mrgstr LRG-Cap ETF-Usd	Reduce -68.5%	0.44%	−0.43
JPM JPMorgan Chase & Co.	Reduce -74.0%	0.21%	−0.26
DIS The Walt Disney Co.	Sold out	0.00%	−0.25
MCD McDonald's Corp.	Sold out	0.00%	−0.22
MMM 3M Co.	Reduce -45.5%	0.72%	−0.16
DCOR Dimensional US Core Eq 1 ETF	Sold out	0.00%	−0.15
DIA SS SPDR Dow Jones Indus Avg	Sold out	0.00%	−0.13
DOW Dow Inc.	Reduce -22.6%	0.59%	−0.10
VTHR Vanguard Russell 3000	Sold out	0.00%	−0.10
DFCF Dimensional Core Fixed Inc.	Sold out	0.00%	−0.08
DXUV Dimensional US Vtor Eqty ETF	Sold out	0.00%	−0.07
WBA Walgreens Boots Alliance Inc.	Reduce -57.0%	0.11%	−0.06
DFAC Dimensional US Core Equity 2	Sold out	0.00%	−0.06
SAP Sap SE-Sponsored ADR	Sold out	0.00%	−0.06
DVY iShares Select Dividend ETF	Sold out	0.00%	−0.06
BF.A Brown-Forman Corp. Class A	Sold out	0.00%	−0.06
VEU Vanguard Ftse All-World Ex-U	Sold out	0.00%	−0.06
VSS Vanguard Ftse All Wo X-US SC	Sold out	0.00%	−0.05
CEF Sprott Physical Gold and Sil	Sold out	0.00%	−0.05
VBK Van Morst SML-Cap Gro-Usd Inc.	Sold out	0.00%	−0.05
MAA Mid-America Apartment Comm	Sold out	0.00%	−0.04
ESS Essex Property Trust Inc.	Sold out	0.00%	−0.04
AMD Advanced Micro Devices	Sold out	0.00%	−0.04
DFAR Dimensional US Real Est ETF	Reduce -42.5%	0.15%	−0.03
SOLV Solventum Corp.	Reduce -51.0%	0.06%	−0.03
VT Vanguard Tot World STK ETF	Reduce -47.1%	0.07%	−0.01
PFE Pfizer Inc.	Reduce -40.0%	0.05%	−0.01
BNDW Vanguard Total World Bond Et	Reduce -31.8%	0.08%	−0.00
VIG Vanguard Dividend Apprec ETF	Reduce -34.9%	0.07%	−0.00
GLD SPDR Gold Shares	Reduce -27.9%	0.06%	+0.01
BNDX Vanguard Total Intl Bond ETF	Reduce -17.8%	0.09%	+0.01
PG The Procter & Gamble Co.	Reduce -18.3%	0.18%	+0.02
WMT Walmart Inc.	Reduce -7.5%	0.06%	+0.02
PEP Pepsico Inc.	Reduce -6.8%	0.13%	+0.02
IWM iShares Russell 2000 ETF	Reduce -23.8%	0.14%	+0.02

Portfolio Buys Q1 2025 → Q2 2025


DFEM Dimensional Emrg MRKT Core	Add +2.2%	1.85%	+0.74
VB Vanguard Most SM-Cap ETF-Usd	Add +10.0%	1.54%	+0.64
CVX Chevron Corp.	Add +18.0%	1.89%	+0.60
DFGR Dim Global Real Estate ETF	Add +2.7%	1.72%	+0.59
VBR Vngrd Mrngst SL-CP Val ETF-U	Add +2.3%	1.62%	+0.58
MRK Merck & Co. Inc.	Add +102.3%	0.60%	+0.37
DFSV Dimensional US Small Cap Val	Add +1.9%	1.02%	+0.36
JNJ Johnson & Johnson	Add +29.7%	0.80%	+0.34
VTEB Vanguard Tax-Exempt Bond ETF	Add +10.2%	0.86%	+0.32
SCHO Schwab Short-Term US Treas	Add +7.1%	0.83%	+0.30
SCHA Schwab US Small-Cap ETF	Add +1.4%	0.51%	+0.19
AMGN Amgen Inc.	Add +24.5%	0.48%	+0.18
DUHP Dimensional US High Profi Et	Add +0.4%	0.42%	+0.15
DFAU Dimensional US Core Equity M	Add +0.0%	0.36%	+0.14
VONE Vanguard Russell 1000	Add +1.0%	0.33%	+0.13
AGG iShares Core U.S. Aggregate	Add +2.8%	0.38%	+0.12
SCHF Schwab Intl Equity ETF	Add +0.0%	0.30%	+0.12
SLYV SS SPDR S&P 600 SC Val ETF	Add +0.2%	0.28%	+0.09
DFVX Dim US Large Cap Vector ETF	Add +4.1%	0.22%	+0.09
BND Vanguard Total Bond Market	Add +8.5%	0.23%	+0.08
AMT American Tower Corp.	Add +0.6%	0.23%	+0.07
VGLT Vanguard Long-Term Treasury	New	0.06%	+0.06
TEL Te Connectivity PLC	New	0.06%	+0.06
DLR Digital Realty Trust Inc.	Add +1.2%	0.13%	+0.06
IJR iShares Core S&P Small-Cap E	Add +1.2%	0.16%	+0.05
VYM Vanguard High DVD Yield ETF	New	0.05%	+0.05
PLD Prologis Inc.	Add +0.8%	0.17%	+0.05
VTIP Vanguard Short-Term Tips	Add +12.6%	0.11%	+0.04
O Realty Income Corp.	Add +1.2%	0.12%	+0.04
CCI Crown Castle Inc.	Add +1.2%	0.11%	+0.03
PSA Public Storage	Add +1.2%	0.11%	+0.03
VICI Vici Properties Inc.	Add +1.5%	0.09%	+0.03
EXR Extra Space Storage Inc.	Add +1.7%	0.08%	+0.03
PFFD Global X US Preferred ETF	Add +4.8%	0.05%	+0.02

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	133	$473.3M	GLDM, VUG, DFUV, VYMI, DFAS
Q1 2026	132	$448.3M	GLDM, VUG, DFUV, VYMI, DFIC
Q4 2025	129	$430.9M	GLDM, VUG, DFUV, VYMI, DFIC
Q3 2025	134	$416.2M	GLDM, VUG, DFUV, VYMI, DFIC
Q2 2025	133	$391.8M	GLDM, VUG, DFUV, VYMI, DFAS
Q1 2025	157	$568.1M	GLDM, DFUS, VUG, DFUV, VYMI
Q4 2024Amended	157	$565.0M	VUG, DFUS, GLDM, DFUV, VYMI
Q3 2024	157	$598.7M	VUG, DFUS, GLDM, DFUV, SCHB
Q2 2024	156	$564.7M	VUG, DFUS, GLDM, DFUV, SCHB
Q1 2024	155	$564.2M	GLDM, DFUV, DFUS, VUG, SCHB