American Investment Services, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), American Investment Services, Inc. reported 134 stock positions worth $416.2 million. Its top holding was SPDR Gold Minishares Trust (GLDM) at 10.3% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 9.2%) and Dimensional US Marketwide Va (DFUV, 5.2%). Compared with Q2 2025, it opened 4 new positions, sold out of 3, added to 36 and reduced 54. The biggest buy was Merck (MRK, shares +54%) and the biggest sale Vanguard Int High DVD YLD (VYMI, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- GREAT BARRINGTON, MA
- CIK
- 0001369913
- Portfolio Value
- $416.2M (Q3 2025)
- SEC Filing
- 0001369913-25-000003 ↗ filed Nov 13, 2025
Holdings Value
Holdings 134 stocks · $416.2M
| GLDM SPDR Gold Minishares Trust | 10.35% | 563,355 | $43.1M | Reduce -2.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 9.19% | 79,781 | $38.3M | Reduce -1.9% |
| DFUV Dimensional US Marketwide Va | 5.20% | 484,639 | $21.7M | Reduce -2.6% |
| VYMI Vanguard Int High DVD YLD Inc. | 4.49% | 220,658 | $18.7M | Reduce -8.8% |
| DFIC Dimensional International Co. | 2.79% | 354,126 | $11.6M | Add +1.9% |
| DFAS Dimensional US Small Cap ETF | 2.76% | 167,913 | $11.5M | Reduce -2.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.64% | 58,997 | $11.0M | Reduce -0.4% |
| DFUS Dimensional US Eq MKT ETF | 2.59% | 148,791 | $10.8M | Reduce -4.5% |
| VPU Vanguard Utilities ETF | 2.43% | 53,427 | $10.1M | Reduce -0.3% |
| IAU iShares Gold Trust | 2.24% | 128,209 | $9.3M | Reduce -3.2% |
| VZ Verizon Communications Inc. | 2.17% | 205,279 | $9.0M | Reduce -1.6% |
| CVX Chevron Corp. | 2.14% | 57,366 | $8.9M | Add +11.0% |
| VEA Vanguard Ftse Developed ETF | 2.05% | 142,103 | $8.5M | Reduce -6.1% |
| DFAT Dimensional US Target Value | 2.03% | 145,405 | $8.5M | Reduce -1.1% |
| DFEM Dimensional Emrg MRKT Core | 1.96% | 254,482 | $8.2M | Add +4.0% |
| DFGR Dim Global Real Estate ETF | 1.84% | 279,919 | $7.6M | Add +11.2% |
| DFAX Dimensional World Ex US Core | 1.82% | 241,046 | $7.6M | Reduce -0.4% |
| DFAW Dimensional World Eqty ETF | 1.77% | 102,725 | $7.4M | Add +0.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.61% | 32,046 | $6.7M | Reduce -1.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.58% | 25,800 | $6.6M | Add +1.3% |
| VNQ Vanguard Real Estate ETF | 1.55% | 70,411 | $6.4M | Add +1.2% |
| VOO Vanguard S&P 500 ETF | 1.36% | 9,263 | $5.7M | Reduce -1.2% |
| SHV iShares 0-1 Year Treasury Bo | 1.33% | 50,284 | $5.6M | Reduce -4.6% |
| DFSV Dimensional US Small Cap Val | 1.13% | 147,289 | $4.7M | Add +8.0% |
| JNJ Johnson & Johnson | 1.01% | 22,697 | $4.2M | Add +10.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.97% | 14,351 | $4.0M | Add +0.7% |
| MRK Merck & Co. Inc. | 0.92% | 45,826 | $3.8M | Add +54.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.92% | 76,722 | $3.8M | Add +11.6% |
| VWO Vanguard Ftse Emerging Marke | 0.86% | 66,375 | $3.6M | Reduce -8.3% |
| DFLV Dim US Large Cap Value ETF | 0.85% | 107,840 | $3.5M | Add +6.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.82% | 80,128 | $3.4M | Reduce -1.7% |
| SCHO Schwab Short-Term US Treas | 0.82% | 140,336 | $3.4M | Add +5.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.81% | 60,765 | $3.4M | Reduce -0.1% |
| DFNM Dimensional National Muni BD | 0.74% | 64,110 | $3.1M | Reduce -1.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.72% | 35,894 | $3.0M | Reduce -2.4% |
| VGSH Vanguard Short-Term Treasury | 0.71% | 50,168 | $3.0M | Reduce -7.4% |
| VCIT Vanguard Int-Term Corporate | 0.70% | 34,666 | $2.9M | Add +12.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.70% | 36,956 | $2.9M | Reduce -1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.69% | 5,677 | $2.9M | No change |
| AMGN Amgen Inc. | 0.66% | 9,719 | $2.7M | Add +45.7% |
| DFAI Dimensional International Co. | 0.58% | 66,480 | $2.4M | Reduce -0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.56% | 7,055 | $2.3M | Reduce -1.5% |
| IVW iShares S&P 500 Growth ETF | 0.55% | 18,895 | $2.3M | Reduce -0.9% |
| SCHX Schwab US Large-Cap ETF | 0.55% | 86,260 | $2.3M | Add +0.3% |
| BSV Vanguard Short-Term Bond ETF | 0.54% | 28,218 | $2.2M | Add +2.9% |
| SCHA Schwab US Small-Cap ETF | 0.53% | 79,232 | $2.2M | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.47% | 6,422 | $2.0M | Add +6.0% |
| XOM Exxon Mobil Corp. | 0.44% | 16,356 | $1.8M | Reduce -3.0% |
| RSP Invesco S&P 500 Equal Weight | 0.43% | 9,522 | $1.8M | No change |
| DUHP Dimensional US High Profi Et | 0.40% | 44,456 | $1.7M | Reduce -4.5% |
| IWF iShares Russell 1000 Growth | 0.40% | 3,578 | $1.7M | Reduce -2.6% |
| DFIV Dimensional International Va | 0.40% | 35,997 | $1.7M | No change |
| AGG iShares Core U.S. Aggregate | 0.39% | 16,315 | $1.6M | Add +9.6% |
| DFGP Dimensional GLBL Core PL Fix | 0.39% | 29,270 | $1.6M | Add +25.5% |
| TIP iShares Tips Bond ETF | 0.38% | 14,203 | $1.6M | Reduce -5.5% |
| DFAU Dimensional US Core Equity M | 0.37% | 33,487 | $1.5M | Add +0.1% |
| DFSD Dimensional Short Duration | 0.36% | 31,080 | $1.5M | Reduce -16.8% |
| IJS iShares S&P Small-Cap 600 Va | 0.34% | 12,950 | $1.4M | No change |
| DOW Dow Inc. | 0.34% | 61,251 | $1.4M | Reduce -29.3% |
| VONE Vanguard Russell 1000 | 0.32% | 4,425 | $1.3M | Reduce -3.3% |
| DFAE Dimensional Emerging Core Eq | 0.32% | 41,692 | $1.3M | Add +1.3% |
| SCHF Schwab Intl Equity ETF | 0.30% | 53,224 | $1.2M | No change |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.29% | 13,603 | $1.2M | No change |
| MMM 3M Co. | 0.27% | 7,156 | $1.1M | Reduce -61.2% |
| LLY Eli Lilly & Co. | 0.26% | 1,395 | $1.1M | No change |
| BND Vanguard Total Bond Market | 0.24% | 13,696 | $1.0M | Add +12.7% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.24% | 29,483 | $984K | No change |
| SPEM State Street SP PTF Em ETF | 0.22% | 19,827 | $928K | Add +2.4% |
| JPM JPMorgan Chase & Co. | 0.21% | 2,837 | $895K | No change |
| SPSM SS SPDR P S&P 600 Small Cap | 0.21% | 18,854 | $873K | Reduce -2.0% |
| HD Home Depot Inc. | 0.21% | 2,140 | $867K | No change |
| DFVX Dim US Large Cap Vector ETF | 0.21% | 11,884 | $864K | Reduce -6.5% |
| IWD iShares Russell 1000 Value E | 0.20% | 4,076 | $830K | No change |
| PLD Prologis Inc. | 0.19% | 7,070 | $810K | Add +9.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.18% | 1 | $754K | No change |
| EQIX Equinix Inc. | 0.17% | 929 | $728K | Add +14.1% |
| AMT American Tower Corp. | 0.17% | 3,599 | $692K | Reduce -11.5% |
| PG The Procter & Gamble Co. | 0.17% | 4,497 | $691K | No change |
| IVV iShares Core S&P 500 ETF | 0.17% | 1,031 | $690K | Reduce -1.3% |
| CSCO Cisco Systems Inc. | 0.17% | 10,076 | $689K | Reduce -1.1% |
| IJR iShares Core S&P Small-Cap E | 0.17% | 5,786 | $688K | Add +2.7% |
| GE General Electric filed as GE AEROSPACE | 0.15% | 2,097 | $631K | No change |
| EEM iShares MSCI Emerging Market | 0.15% | 11,713 | $625K | Reduce -2.0% |
| VGT Vanguard Info Tech ETF | 0.15% | 815 | $609K | Add +13.2% |
| IWM iShares Russell 2000 ETF | 0.14% | 2,477 | $599K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 899 | $599K | Add +0.1% |
| CI The Cigna Group | 0.14% | 2,033 | $586K | No change |
| DFAR Dimensional US Real Est ETF | 0.14% | 24,329 | $580K | Reduce -0.1% |
| NEE Nextera Energy Inc. | 0.14% | 7,586 | $573K | No change |
| PEP Pepsico Inc. | 0.13% | 3,951 | $555K | No change |
| VTIP Vanguard Short-Term Tips | 0.13% | 10,865 | $550K | Add +21.3% |
| DLR Digital Realty Trust Inc. | 0.13% | 3,030 | $524K | No change |
| AAPL Apple Inc. | 0.12% | 2,028 | $516K | Reduce -0.1% |
| SCHV Schwab US Large-Cap Value | 0.12% | 17,298 | $504K | No change |
| SPG Simon Property Group Inc. | 0.12% | 2,656 | $498K | Reduce -9.8% |
| PSA Public Storage | 0.11% | 1,626 | $470K | Add +15.2% |
| O Realty Income Corp. | 0.11% | 7,526 | $458K | Reduce -5.1% |
| MSFT Microsoft Corp. | 0.11% | 850 | $440K | No change |
| BNDX Vanguard Total Intl Bond ETF | 0.10% | 8,809 | $436K | Add +29.1% |
| VCEB Vanguard ESG US Corp. Bond | 0.10% | 6,459 | $415K | Add +15.1% |
Portfolio Sells Q2 2025 → Q3 2025
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -8.8% | 4.49% | −0.46 |
| MMM 3M Co. | Reduce -61.2% | 0.27% | −0.45 |
| DOW Dow Inc. | Reduce -29.3% | 0.34% | −0.25 |
| DFUV Dimensional US Marketwide Va | Reduce -2.6% | 5.20% | −0.16 |
| VEA Vanguard Ftse Developed ETF | Reduce -6.1% | 2.05% | −0.16 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -4.6% | 1.33% | −0.15 |
| VZ Verizon Communications Inc. | Reduce -1.6% | 2.17% | −0.14 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.11 |
| VGSH Vanguard Short-Term Treasury | Reduce -7.4% | 0.71% | −0.10 |
| DFSD Dimensional Short Duration | Reduce -16.8% | 0.36% | −0.10 |
| DFUS Dimensional US Eq MKT ETF | Reduce -4.5% | 2.59% | −0.08 |
| AMT American Tower Corp. | Reduce -11.5% | 0.17% | −0.06 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -2.4% | 0.72% | −0.06 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.06 |
| INVH Invitation Homes Inc. | Sold out | 0.00% | −0.05 |
| VWO Vanguard Ftse Emerging Marke | Reduce -8.3% | 0.86% | −0.05 |
| DFNM Dimensional National Muni BD | Reduce -1.5% | 0.74% | −0.05 |
| TIP iShares Tips Bond ETF | Reduce -5.5% | 0.38% | −0.04 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -39.3% | 0.06% | −0.04 |
| DFAS Dimensional US Small Cap ETF | Reduce -2.3% | 2.76% | −0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.4% | 2.64% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -3.0% | 0.44% | −0.02 |
| DUHP Dimensional US High Profi Et | Reduce -4.5% | 0.40% | −0.02 |
| CCI Crown Castle Inc. | Reduce -5.8% | 0.09% | −0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -1.7% | 0.82% | −0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -1.8% | 1.61% | −0.02 |
| DFVX Dim US Large Cap Vector ETF | Reduce -6.5% | 0.21% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -1.1% | 0.17% | −0.01 |
| AVB Avalonbay Communities Inc. | Reduce -0.1% | 0.07% | −0.01 |
| O Realty Income Corp. | Reduce -5.1% | 0.11% | −0.01 |
| DFAI Dimensional International Co. | Reduce -0.1% | 0.58% | −0.01 |
| VONE Vanguard Russell 1000 | Reduce -3.3% | 0.32% | −0.01 |
| DFAR Dimensional US Real Est ETF | Reduce -0.1% | 0.14% | −0.01 |
| VT Vanguard Tot World STK ETF | Reduce -8.6% | 0.06% | −0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -0.1% | 0.81% | −0.00 |
| XLK SS Technology Select Sector | Reduce -10.3% | 0.06% | −0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -0.5% | 0.09% | −0.00 |
| SPG Simon Property Group Inc. | Reduce -9.8% | 0.12% | −0.00 |
| DFEV Dimensional Emrg MRKT Val | Reduce -0.8% | 0.08% | −0.00 |
| PFE Pfizer Inc. | Reduce -0.1% | 0.05% | −0.00 |
| VXUS Vanguard Total Intl Stock | Reduce -1.1% | 0.06% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -1.3% | 0.17% | +0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -2.0% | 0.21% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.5% | 0.56% | +0.00 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -1.3% | 0.70% | +0.00 |
| DFAX Dimensional World Ex US Core | Reduce -0.4% | 1.82% | +0.00 |
| EEM iShares MSCI Emerging Market | Reduce -2.0% | 0.15% | +0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -1.2% | 1.36% | +0.00 |
| IWF iShares Russell 1000 Growth | Reduce -2.6% | 0.40% | +0.00 |
| GLD SPDR Gold Shares | Reduce -1.2% | 0.07% | +0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| MRK Merck & Co. Inc. | Add +54.4% | 0.92% | +0.32 |
| CVX Chevron Corp. | Add +11.0% | 2.14% | +0.25 |
| JNJ Johnson & Johnson | Add +10.5% | 1.01% | +0.21 |
| AMGN Amgen Inc. | Add +45.7% | 0.66% | +0.18 |
| DFGR Dim Global Real Estate ETF | Add +11.2% | 1.84% | +0.11 |
| DFEM Dimensional Emrg MRKT Core | Add +4.0% | 1.96% | +0.11 |
| DFSV Dimensional US Small Cap Val | Add +8.0% | 1.13% | +0.10 |
| DFGP Dimensional GLBL Core PL Fix | Add +25.5% | 0.39% | +0.07 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +11.6% | 0.92% | +0.06 |
| VTC Vanguard Total Corporate BND | New | 0.06% | +0.06 |
| IWC iShares Micro-Cap ETF | New | 0.05% | +0.05 |
| DFLV Dim US Large Cap Value ETF | Add +6.8% | 0.85% | +0.05 |
| VCIT Vanguard Int-Term Corporate | Add +12.7% | 0.70% | +0.05 |
| CAT Caterpillar Inc. | New | 0.05% | +0.05 |
| VNQI Vanguard GLBL Ex-US Real Est | New | 0.05% | +0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +1.3% | 1.58% | +0.04 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +6.0% | 0.47% | +0.03 |
| DFIC Dimensional International Co. | Add +1.9% | 2.79% | +0.03 |
| VGT Vanguard Info Tech ETF | Add +13.2% | 0.15% | +0.02 |
| PLD Prologis Inc. | Add +9.3% | 0.19% | +0.02 |
| BNDX Vanguard Total Intl Bond ETF | Add +29.1% | 0.10% | +0.02 |
| VTIP Vanguard Short-Term Tips | Add +21.3% | 0.13% | +0.02 |
| BND Vanguard Total Bond Market | Add +12.7% | 0.24% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +9.6% | 0.39% | +0.02 |
| DFAW Dimensional World Eqty ETF | Add +0.0% | 1.77% | +0.01 |
| DFAE Dimensional Emerging Core Eq | Add +1.3% | 0.32% | +0.01 |
| SPEM State Street SP PTF Em ETF | Add +2.4% | 0.22% | +0.01 |
| EQIX Equinix Inc. | Add +14.1% | 0.17% | +0.01 |
| SCHX Schwab US Large-Cap ETF | Add +0.3% | 0.55% | +0.01 |
| VCEB Vanguard ESG US Corp. Bond | Add +15.1% | 0.10% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +2.7% | 0.17% | +0.01 |
| PSA Public Storage | Add +15.2% | 0.11% | +0.01 |
| DFAU Dimensional US Core Equity M | Add +0.1% | 0.37% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +4.3% | 0.07% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.1% | 0.14% | +0.00 |
| VYM Vanguard High DVD Yield ETF | Add +2.3% | 0.05% | +0.00 |
| SCHO Schwab Short-Term US Treas | Add +5.6% | 0.82% | −0.00 |
| BSV Vanguard Short-Term Bond ETF | Add +2.9% | 0.54% | −0.02 |
| VNQ Vanguard Real Estate ETF | Add +1.2% | 1.55% | −0.04 |
| IBM Intl Business Machines Corp. | Add +0.7% | 0.97% | −0.10 |
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 |