American Investment Services, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), American Investment Services, Inc. reported 129 stock positions worth $430.9 million. Its top holding was SPDR Gold Minishares Trust (GLDM) at 10.2% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 9.0%) and Dimensional US Marketwide Va (DFUV, 5.3%). Compared with Q3 2025, it opened 6 new positions, sold out of 11, added to 39 and reduced 49. The biggest buy was a new position in Schwab US Broad Market ETF (SCHB) and the biggest sale iShares Gold Trust (IAU, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- GREAT BARRINGTON, MA
- CIK
- 0001369913
- Portfolio Value
- $430.9M (Q4 2025)
- SEC Filing
- 0001369913-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 129 stocks · $430.9M
| GLDM SPDR Gold Minishares Trust | 10.16% | 512,994 | $43.8M | Reduce -8.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 8.97% | 79,205 | $38.6M | Reduce -0.7% |
| DFUV Dimensional US Marketwide Va | 5.25% | 485,791 | $22.6M | Add +0.2% |
| VYMI Vanguard Int High DVD YLD Inc. | 4.69% | 224,655 | $20.2M | Add +1.8% |
| DFIC Dimensional International Co. | 3.10% | 387,317 | $13.3M | Add +9.4% |
| DFAS Dimensional US Small Cap ETF | 2.94% | 181,990 | $12.7M | Add +8.4% |
| DFUS Dimensional US Eq MKT ETF | 2.79% | 161,855 | $12.0M | Add +8.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.64% | 59,640 | $11.4M | Add +1.1% |
| VPU Vanguard Utilities ETF | 2.31% | 53,909 | $10.0M | Add +0.9% |
| DFGR Dim Global Real Estate ETF | 2.05% | 334,634 | $8.8M | Add +19.6% |
| DFEM Dimensional Emrg MRKT Core | 2.04% | 265,385 | $8.8M | Add +4.3% |
| CVX Chevron Corp. | 2.04% | 57,554 | $8.8M | Add +0.3% |
| DFAT Dimensional US Target Value | 2.01% | 145,467 | $8.7M | Add +0.0% |
| DFAW Dimensional World Eqty ETF | 1.93% | 112,427 | $8.3M | Add +9.4% |
| VZ Verizon Communications Inc. | 1.93% | 203,991 | $8.3M | Reduce -0.6% |
| IAU iShares Gold Trust | 1.93% | 102,250 | $8.3M | Reduce -20.3% |
| VEA Vanguard Ftse Developed ETF | 1.89% | 130,091 | $8.1M | Reduce -8.4% |
| DFAX Dimensional World Ex US Core | 1.80% | 237,370 | $7.8M | Reduce -1.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.51% | 30,642 | $6.5M | Reduce -4.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.49% | 24,957 | $6.4M | Reduce -3.3% |
| VNQ Vanguard Real Estate ETF | 1.45% | 70,674 | $6.3M | Add +0.4% |
| MRK Merck & Co. Inc. | 1.36% | 55,803 | $5.9M | Add +21.8% |
| SHV iShares 0-1 Year Treasury Bo | 1.28% | 50,109 | $5.5M | Reduce -0.3% |
| VOO Vanguard S&P 500 ETF | 1.20% | 8,243 | $5.2M | Reduce -11.0% |
| DFSV Dimensional US Small Cap Val | 1.16% | 151,323 | $5.0M | Add +2.7% |
| JNJ Johnson & Johnson | 1.12% | 23,332 | $4.8M | Add +2.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.97% | 82,741 | $4.2M | Add +7.8% |
| AMGN Amgen Inc. | 0.94% | 12,364 | $4.0M | Add +27.2% |
| SCHO Schwab Short-Term US Treas | 0.92% | 163,059 | $4.0M | Add +16.2% |
| DFLV Dim US Large Cap Value ETF | 0.88% | 111,300 | $3.8M | Add +3.2% |
| DFNM Dimensional National Muni BD | 0.88% | 78,899 | $3.8M | Add +23.1% |
| VWO Vanguard Ftse Emerging Marke | 0.88% | 70,332 | $3.8M | Add +6.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.79% | 76,172 | $3.4M | Reduce -4.9% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.78% | 59,253 | $3.4M | Reduce -2.5% |
| VCIT Vanguard Int-Term Corporate | 0.75% | 38,438 | $3.2M | Add +10.9% |
| SCHB Schwab US Broad Market ETF | 0.70% | 114,611 | $3.0M | New |
| SHY iShares 1-3 Year Treasury Bo | 0.68% | 35,216 | $2.9M | Reduce -1.9% |
| VGSH Vanguard Short-Term Treasury | 0.67% | 49,172 | $2.9M | Reduce -2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 5,677 | $2.9M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.66% | 9,622 | $2.9M | Reduce -33.0% |
| DFAI Dimensional International Co. | 0.62% | 69,901 | $2.7M | Add +5.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.62% | 33,075 | $2.7M | Reduce -10.5% |
| SCHX Schwab US Large-Cap ETF | 0.53% | 85,578 | $2.3M | Reduce -0.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.53% | 6,851 | $2.3M | Reduce -2.9% |
| BSV Vanguard Short-Term Bond ETF | 0.53% | 28,895 | $2.3M | Add +2.4% |
| SCHA Schwab US Small-Cap ETF | 0.52% | 78,428 | $2.2M | Reduce -1.0% |
| IVW iShares S&P 500 Growth ETF | 0.48% | 16,817 | $2.1M | Reduce -11.0% |
| AGG iShares Core U.S. Aggregate | 0.47% | 20,406 | $2.0M | Add +25.1% |
| DFGP Dimensional GLBL Core PL Fix | 0.43% | 34,266 | $1.9M | Add +17.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.43% | 5,824 | $1.8M | Reduce -9.3% |
| RSP Invesco S&P 500 Equal Weight | 0.42% | 9,522 | $1.8M | No change |
| DFAU Dimensional US Core Equity M | 0.42% | 38,809 | $1.8M | Add +15.9% |
| DFIV Dimensional International Va | 0.41% | 35,620 | $1.8M | Reduce -1.1% |
| DFSD Dimensional Short Duration | 0.40% | 35,937 | $1.7M | Add +15.6% |
| IWF iShares Russell 1000 Growth | 0.39% | 3,573 | $1.7M | Reduce -0.1% |
| TIP iShares Tips Bond ETF | 0.37% | 14,664 | $1.6M | Add +3.3% |
| LLY Eli Lilly & Co. | 0.35% | 1,395 | $1.5M | No change |
| IJS iShares S&P Small-Cap 600 Va | 0.34% | 12,760 | $1.5M | Reduce -1.5% |
| DUHP Dimensional US High Profi Et | 0.33% | 37,597 | $1.4M | Reduce -15.4% |
| VONE Vanguard Russell 1000 | 0.32% | 4,425 | $1.4M | No change |
| DFAE Dimensional Emerging Core Eq | 0.32% | 41,755 | $1.4M | Add +0.1% |
| SCHF Schwab Intl Equity ETF | 0.29% | 51,951 | $1.2M | Reduce -2.4% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.29% | 13,581 | $1.2M | Reduce -0.2% |
| BND Vanguard Total Bond Market | 0.26% | 15,341 | $1.1M | Add +12.0% |
| VSDB Vanguard Short Dur Bond ETF | 0.25% | 14,236 | $1.1M | New |
| DFCF Dimensional Core Fixed Inc. | 0.24% | 24,459 | $1.0M | New |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.22% | 29,486 | $966K | Add +0.0% |
| SPEM State Street SP PTF Em ETF | 0.21% | 19,683 | $921K | Reduce -0.7% |
| PLD Prologis Inc. | 0.21% | 7,070 | $903K | No change |
| DOW Dow Inc. | 0.21% | 38,368 | $897K | Reduce -37.4% |
| DFVX Dim US Large Cap Vector ETF | 0.20% | 11,676 | $868K | Reduce -1.8% |
| IWD iShares Russell 1000 Value E | 0.20% | 4,076 | $857K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.18% | 1 | $755K | No change |
| JPM JPMorgan Chase & Co. | 0.17% | 2,302 | $742K | Reduce -18.9% |
| CSCO Cisco Systems Inc. | 0.17% | 9,567 | $737K | Reduce -5.0% |
| HD Home Depot Inc. | 0.17% | 2,140 | $736K | No change |
| EQIX Equinix Inc. | 0.17% | 929 | $712K | No change |
| IVV iShares Core S&P 500 ETF | 0.16% | 1,031 | $706K | No change |
| XOM Exxon Mobil Corp. | 0.16% | 5,846 | $704K | Reduce -64.3% |
| IJR iShares Core S&P Small-Cap E | 0.16% | 5,598 | $673K | Reduce -3.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.15% | 14,119 | $662K | Reduce -25.1% |
| AMT American Tower Corp. | 0.15% | 3,599 | $632K | No change |
| VGT Vanguard Info Tech ETF | 0.15% | 831 | $626K | Add +2.0% |
| IWM iShares Russell 2000 ETF | 0.14% | 2,477 | $610K | No change |
| NEE Nextera Energy Inc. | 0.14% | 7,586 | $609K | No change |
| EEM iShares MSCI Emerging Market | 0.14% | 11,019 | $603K | Reduce -5.9% |
| CAT Caterpillar Inc. | 0.14% | 1,043 | $598K | Add +143.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 867 | $591K | Reduce -3.6% |
| VTIP Vanguard Short-Term Tips | 0.14% | 11,777 | $582K | Add +8.4% |
| PEP Pepsico Inc. | 0.13% | 3,951 | $567K | No change |
| CI The Cigna Group | 0.13% | 2,033 | $560K | No change |
| AAPL Apple Inc. | 0.13% | 2,028 | $551K | No change |
| DFAR Dimensional US Real Est ETF | 0.13% | 23,692 | $543K | Reduce -2.6% |
| GE General Electric filed as GE AEROSPACE | 0.12% | 1,745 | $538K | Reduce -16.8% |
| PG The Procter & Gamble Co. | 0.12% | 3,522 | $505K | Reduce -21.7% |
| KO The Coca-Cola Co. | 0.12% | 7,158 | $500K | New |
| SPG Simon Property Group Inc. | 0.11% | 2,656 | $492K | No change |
| DLR Digital Realty Trust Inc. | 0.11% | 3,030 | $469K | No change |
| SCHV Schwab US Large-Cap Value | 0.11% | 15,663 | $464K | Reduce -9.4% |
| O Realty Income Corp. | 0.10% | 7,526 | $424K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| IAU iShares Gold Trust | Reduce -20.3% | 1.93% | −0.32 |
| IBM Intl Business Machines Corp. | Reduce -33.0% | 0.66% | −0.31 |
| XOM Exxon Mobil Corp. | Reduce -64.3% | 0.16% | −0.28 |
| MMM 3M Co. | Sold out | 0.00% | −0.27 |
| VZ Verizon Communications Inc. | Reduce -0.6% | 1.93% | −0.24 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.7% | 8.97% | −0.23 |
| GLDM SPDR Gold Minishares Trust | Reduce -8.9% | 10.16% | −0.18 |
| VOO Vanguard S&P 500 ETF | Reduce -11.0% | 1.20% | −0.16 |
| VEA Vanguard Ftse Developed ETF | Reduce -8.4% | 1.89% | −0.16 |
| DOW Dow Inc. | Reduce -37.4% | 0.21% | −0.13 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -4.4% | 1.51% | −0.10 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -3.3% | 1.49% | −0.08 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -10.5% | 0.62% | −0.08 |
| DUHP Dimensional US High Profi Et | Reduce -15.4% | 0.33% | −0.07 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.07 |
| IVW iShares S&P 500 Growth ETF | Reduce -11.0% | 0.48% | −0.07 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.06 |
| NYF iShares New York Muni Bond E | Sold out | 0.00% | −0.06 |
| VT Vanguard Tot World STK ETF | Sold out | 0.00% | −0.06 |
| VGLT Vanguard Long-Term Treasury | Sold out | 0.00% | −0.06 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.06 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -25.1% | 0.15% | −0.06 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.06 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -0.3% | 1.28% | −0.05 |
| PFFD Global X US Preferred ETF | Sold out | 0.00% | −0.05 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.05 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -9.3% | 0.43% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -21.7% | 0.12% | −0.05 |
| VNQI Vanguard GLBL Ex-US Real Est | Sold out | 0.00% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -18.9% | 0.17% | −0.04 |
| VGSH Vanguard Short-Term Treasury | Reduce -2.0% | 0.67% | −0.04 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -4.9% | 0.79% | −0.04 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.9% | 0.68% | −0.04 |
| GE General Electric | Reduce -16.8% | 0.12% | −0.03 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -2.5% | 0.78% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.9% | 0.53% | −0.02 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -12.8% | 0.09% | −0.02 |
| DFAX Dimensional World Ex US Core | Reduce -1.5% | 1.80% | −0.01 |
| TEL Te Connectivity PLC | Reduce -19.2% | 0.06% | −0.01 |
| DFEV Dimensional Emrg MRKT Val | Reduce -18.4% | 0.07% | −0.01 |
| DFAR Dimensional US Real Est ETF | Reduce -2.6% | 0.13% | −0.01 |
| SCHV Schwab US Large-Cap Value | Reduce -9.4% | 0.11% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.0% | 0.52% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.8% | 0.53% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -11.2% | 0.08% | −0.01 |
| EEM iShares MSCI Emerging Market | Reduce -5.9% | 0.14% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -0.1% | 0.39% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -9.4% | 0.08% | −0.01 |
| SPEM State Street SP PTF Em ETF | Reduce -0.7% | 0.21% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -3.3% | 0.16% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| SCHB Schwab US Broad Market ETF | New | 0.70% | +0.70 |
| MRK Merck & Co. Inc. | Add +21.8% | 1.36% | +0.44 |
| DFIC Dimensional International Co. | Add +9.4% | 3.10% | +0.31 |
| AMGN Amgen Inc. | Add +27.2% | 0.94% | +0.28 |
| VSDB Vanguard Short Dur Bond ETF | New | 0.25% | +0.25 |
| DFCF Dimensional Core Fixed Inc. | New | 0.24% | +0.24 |
| DFGR Dim Global Real Estate ETF | Add +19.6% | 2.05% | +0.22 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +1.8% | 4.69% | +0.20 |
| DFUS Dimensional US Eq MKT ETF | Add +8.8% | 2.79% | +0.20 |
| DFAS Dimensional US Small Cap ETF | Add +8.4% | 2.94% | +0.18 |
| DFAW Dimensional World Eqty ETF | Add +9.4% | 1.93% | +0.16 |
| DFNM Dimensional National Muni BD | Add +23.1% | 0.88% | +0.14 |
| KO The Coca-Cola Co. | New | 0.12% | +0.12 |
| JNJ Johnson & Johnson | Add +2.8% | 1.12% | +0.11 |
| SCHO Schwab Short-Term US Treas | Add +16.2% | 0.92% | +0.10 |
| CAT Caterpillar Inc. | Add +143.7% | 0.14% | +0.09 |
| AGG iShares Core U.S. Aggregate | Add +25.1% | 0.47% | +0.08 |
| DFEM Dimensional Emrg MRKT Core | Add +4.3% | 2.04% | +0.08 |
| VSDM Vanguard Short Tax-Ex Bond | New | 0.07% | +0.07 |
| DFAU Dimensional US Core Equity M | Add +15.9% | 0.42% | +0.05 |
| AMD Advanced Micro Devices | New | 0.05% | +0.05 |
| DFUV Dimensional US Marketwide Va | Add +0.2% | 5.25% | +0.05 |
| VCIT Vanguard Int-Term Corporate | Add +10.9% | 0.75% | +0.05 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +7.8% | 0.97% | +0.04 |
| DFSD Dimensional Short Duration | Add +15.6% | 0.40% | +0.04 |
| DFGP Dimensional GLBL Core PL Fix | Add +17.1% | 0.43% | +0.04 |
| DFAI Dimensional International Co. | Add +5.2% | 0.62% | +0.04 |
| DFLV Dim US Large Cap Value ETF | Add +3.2% | 0.88% | +0.03 |
| DFSV Dimensional US Small Cap Val | Add +2.7% | 1.16% | +0.03 |
| BND Vanguard Total Bond Market | Add +12.0% | 0.26% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +6.0% | 0.88% | +0.01 |
| VTIP Vanguard Short-Term Tips | Add +8.4% | 0.14% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.1% | 2.64% | 0.00 |
| DFAE Dimensional Emerging Core Eq | Add +0.1% | 0.32% | −0.00 |
| VGT Vanguard Info Tech ETF | Add +2.0% | 0.15% | −0.00 |
| VTC Vanguard Total Corporate BND | Add +1.9% | 0.05% | −0.00 |
| VCEB Vanguard ESG US Corp. Bond | Add +1.8% | 0.10% | −0.00 |
| BNDW Vanguard Total World Bond Et | Add +1.0% | 0.07% | −0.00 |
| TIP iShares Tips Bond ETF | Add +3.3% | 0.37% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +2.4% | 0.53% | −0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +0.0% | 0.22% | −0.01 |
| DFAT Dimensional US Target Value | Add +0.0% | 2.01% | −0.02 |
| VNQ Vanguard Real Estate ETF | Add +0.4% | 1.45% | −0.10 |
| CVX Chevron Corp. | Add +0.3% | 2.04% | −0.10 |
| VPU Vanguard Utilities ETF | Add +0.9% | 2.31% | −0.12 |
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 |