American State Bank (Iowa)

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 14, 2026), American State Bank (Iowa) reported 125 stock positions worth $165.9 million. Its top holding was Nvidia (NVDA) at 7.6% of the portfolio, followed by iShares Russell 1000 Growth (IWF, 4.9%) and Invesco QQQ Trust Series 1 (QQQ, 4.4%). Compared with Q4 2024, it opened 4 new positions, sold out of 2, added to 60 and reduced 19. The biggest buy was Intel (INTC, shares +29%) and the biggest sale Broadcom (AVGO, shares −1%).

Most Recent 13F
Q2 2026
Location
SIOUX CENTER, IA
CIK
0002122473
Portfolio Value
$165.9M (Q1 2025)
SEC Filing
0002122473-26-000019 ↗ filed Apr 14, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $149.1M Q1 2024 Q2 2024: $156.2M Q2 2024 Q3 2024: $164.7M Q3 2024 Q4 2024: $165.9M Q4 2024 Q1 2025: $165.9M $165.9M Q1 2025 Q2 2025: $180.6M Q2 2025 Q3 2025: $196.3M Q3 2025 Q4 2025: $208.0M Q4 2025 Q1 2026: $208.2M Q1 2026 Q2 2026: $246.5M Q2 2026

Holdings 125 stocks · $165.9M
NVDA Nvidia Corp. 7.60% 116,264 $12.6M Add +1.8%
IWF iShares Russell 1000 Growth 4.86% 22,304 $8.1M Add +1.3%
QQQ Invesco QQQ Trust Series 1 4.37% 15,453 $7.2M No change
IWD iShares Russell 1000 Value E 4.18% 36,805 $6.9M Reduce -0.6%
AGG iShares Core U.S. Aggregate 3.62% 60,658 $6.0M Add +3.5%
AAPL Apple Inc. 3.46% 25,807 $5.7M Add +2.6%
HDV iShares Core High Dividend E 3.16% 43,287 $5.2M Add +1.9%
MSFT Microsoft Corp. 3.16% 13,951 $5.2M Add +3.4%
SPY SS SPDR S&P 500 ETF Trust-US 2.19% 6,480 $3.6M Add +0.5%
WM Waste Management Inc. 1.76% 12,579 $2.9M Add +0.7%
USRT iShares Core US REIT ETF 1.53% 43,989 $2.5M Add +5.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.51% 60,108 $2.5M Add +0.8%
IJR iShares Core S&P Small-Cap E 1.49% 23,694 $2.5M Add +5.6%
SPGI S&P Global Inc. 1.42% 4,624 $2.3M Add +1.0%
AMGN Amgen Inc. 1.29% 6,894 $2.1M Add +4.6%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.26% 4,992 $2.1M No change
JNJ Johnson & Johnson 1.21% 12,126 $2.0M Add +2.6%
JPM JPMorgan Chase & Co. 1.18% 7,965 $2.0M Reduce -0.8%
HIG Hartford Insurance Group Inc. 1.16% 15,496 $1.9M Reduce -0.8%
WMT Walmart Inc. 1.15% 21,753 $1.9M Reduce -3.8%
INTC Intel Corp. 1.09% 79,682 $1.8M Add +28.8%
CSCO Cisco Systems Inc. 1.07% 28,703 $1.8M Add +0.0%
BA The Boeing Co. 1.05% 10,213 $1.7M Add +10.8%
ED Consolidated Edison Inc. 1.01% 15,149 $1.7M Reduce -5.2%
PG The Procter & Gamble Co. 1.00% 9,752 $1.7M Add +5.0%
GE General Electric filed as GE AEROSPACE 1.00% 8,299 $1.7M Reduce -1.3%
T AT&T Inc. 0.98% 57,240 $1.6M Reduce -3.7%
EFV iShares MSCI Eafe Value ETF 0.95% 26,777 $1.6M Add +1.3%
C Citigroup Inc. 0.93% 21,643 $1.5M Add +1.4%
GD General Dynamics Corp. 0.90% 5,476 $1.5M Add +1.0%
XOM Exxon Mobil Corp. 0.89% 12,435 $1.5M Reduce -8.1%
WFC Wells Fargo & Co. 0.84% 19,424 $1.4M Add +0.5%
IEMG iShares Core MSCI Emerging 0.79% 24,276 $1.3M Add +1.4%
AMAT Applied Materials Inc. 0.78% 8,908 $1.3M Add +2.6%
MCD McDonald's Corp. 0.78% 4,118 $1.3M Add +1.8%
AMZN Amazon.com Inc. 0.75% 6,505 $1.2M Add +4.1%
IUSG iShares Core S&P U.S. Growth 0.73% 9,590 $1.2M No change
NFLX Netflix Inc. 0.73% 1,300 $1.2M Add +1.9%
IUSV iShares Core S&P U.S. Value 0.73% 13,063 $1.2M No change
CVX Chevron Corp. 0.73% 7,192 $1.2M Add +1.2%
PLD Prologis Inc. 0.72% 10,657 $1.2M Add +25.2%
CI The Cigna Group 0.70% 3,511 $1.2M No change
IWO iShares Russell 2000 Growth 0.69% 4,500 $1.1M Add +0.1%
AVGO Broadcom Inc. 0.69% 6,833 $1.1M Reduce -0.9%
ADBE Adobe Inc. 0.67% 2,918 $1.1M Add +6.5%
IEFA iShares Core MSCI Eafe ETF 0.67% 14,654 $1.1M Add +0.1%
VZ Verizon Communications Inc. 0.66% 24,266 $1.1M Add +2.8%
GILD Gilead Sciences Inc. 0.66% 9,799 $1.1M Reduce -2.1%
RTX RTX Corp. 0.66% 8,216 $1.1M Reduce -28.3%
SDY SS SPDR S&P Dividend ETF 0.65% 7,957 $1.1M No change
COST Costco Wholesale Corp. 0.65% 1,132 $1.1M Add +1.2%
GS Goldman Sachs Group Inc. 0.64% 1,954 $1.1M Reduce -1.6%
WEC WEC Energy Group Inc. 0.63% 9,584 $1.0M No change
V Visa Inc. Class A 0.60% 2,837 $994K Add +3.5%
PEP Pepsico Inc. 0.58% 6,428 $964K Add +9.1%
EFG iShares MSCI Eafe Growth ETF 0.57% 9,536 $954K Reduce -1.4%
VIG Vanguard Dividend Apprec ETF 0.57% 4,873 $945K No change
ABBV Abbvie Inc. 0.55% 4,336 $908K Add +1.3%
GOOG Alphabet Inc. Class C 0.55% 5,802 $906K Add +5.6%
LRCX Lam Research Corp. 0.53% 12,000 $872K No change
DGRO iShares Core Dividend Growth 0.51% 13,799 $853K Reduce -0.2%
QCOM Qualcomm Inc. 0.50% 5,375 $826K No change
UNP Union Pacific Corp. 0.49% 3,470 $820K Add +0.9%
NEE Nextera Energy Inc. 0.48% 11,318 $802K Add +49.2%
DOW Dow Inc. 0.48% 22,965 $802K Add +40.0%
IWN iShares Russell 2000 Value E 0.46% 5,015 $757K No change
BRK.B Berkshire Hathaway Inc. Class B 0.45% 1,414 $753K Add +3.5%
MDT Medtronic PLC 0.45% 8,253 $742K Add +12.4%
UNH Unitedhealth Group Inc. 0.44% 1,391 $729K Add +0.7%
VYM Vanguard High DVD Yield ETF 0.43% 5,473 $706K Add +1.4%
ROST Ross Stores Inc. 0.43% 5,522 $706K Add +1.5%
IJH iShares Core S&P Midcap ETF 0.40% 11,407 $666K No change
ISRG Intuitive Surgical Inc. 0.39% 1,317 $652K Add +3.4%
IBB iShares Biotechnology ETF 0.39% 5,082 $650K No change
HD Home Depot Inc. 0.38% 1,736 $636K Add +1.2%
XEL Xcel Energy Inc. 0.38% 8,809 $624K No change
IYH iShares U.S. Healthcare ETF 0.38% 10,215 $622K No change
STX Seagate Technology Holdings 0.36% 7,000 $595K No change
SNY Sanofi-ADR 0.34% 10,282 $570K Add +2.9%
DELL Dell Technologies -C 0.34% 6,231 $568K No change
XLF SS Financial Select Sector 0.33% 10,984 $547K No change
TSLA Tesla Inc. 0.33% 2,105 $546K Add +3.5%
XLK SS Technology Select Sector 0.32% 2,587 $534K No change
AEE Ameren Corporation 0.32% 5,282 $530K No change
CVS CVS Health Corp. 0.31% 7,550 $512K Add +24.6%
DBC Invesco DB Commodity Index T 0.30% 22,330 $502K Reduce -3.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.30% 11,754 $491K Add +6.4%
APD Air Products & Chemicals Inc. 0.29% 1,659 $489K Reduce -5.2%
BLK BlackRock Inc. 0.29% 507 $480K Add +8.1%
TMO Thermo Fisher Scientific Inc. 0.28% 947 $471K Add +3.7%
ENB Enbridge Inc. 0.28% 10,596 $470K Add +24.9%
DBA Invesco DB Agriculture Fund 0.28% 17,420 $459K No change
DBP Invesco DB Precious Metals F 0.26% 6,125 $438K Reduce -1.2%
CRM Salesforce Inc. 0.25% 1,557 $418K Add +25.1%
AFL Aflac Inc. 0.24% 3,540 $394K No change
EMR Emerson Electric Co. 0.24% 3,589 $393K No change
SO The Southern Co. 0.23% 4,081 $375K No change
KIM Kimco Realty Corp. 0.22% 17,201 $365K No change
VEA Vanguard Ftse Developed ETF 0.22% 7,174 $365K No change
ALL Allstate Corp. 0.22% 1,748 $362K No change
NSC Norfolk Southern Corp. 0.21% 1,498 $355K No change
GEV GE Vernova Inc. 0.21% 1,149 $351K Reduce -20.3%
MS Morgan Stanley 0.20% 2,908 $339K No change
ES Eversource Energy 0.20% 5,436 $338K No change
CMCSA Comcast Corp. Class A 0.20% 8,838 $326K Add +18.5%
VTI VG Morningstar TS MKT ETF-US 0.19% 1,176 $323K Add +1.4%
CAT Caterpillar Inc. 0.19% 947 $312K Add +4.4%
DBE Invesco DB Energy Fund 0.19% 15,800 $310K No change
SPG Simon Property Group Inc. 0.18% 1,804 $299K No change
CLX Clorox Company 0.18% 2,017 $297K No change
XLY SS Consumer Disc Select Sect 0.17% 1,458 $288K No change
LECO Lincoln Electric Holdings 0.17% 1,500 $284K No change
DBB Invesco DB Base Metals Fund 0.17% 14,350 $275K Reduce -6.5%
GLD SPDR Gold Shares 0.16% 910 $262K No change
XLI SS Industrial Select Sector 0.16% 1,966 $258K No change
META Meta Platforms Inc. Class A 0.15% 440 $254K New
XAR SS SPDR S&P Aerospace Def 0.14% 1,437 $231K No change
ESS Essex Property Trust Inc. 0.14% 748 $229K No change
KIE SS SPDR S&P Insurance ETF 0.14% 3,753 $227K No change
IWP iShares Russell Mid-Cap Grow 0.13% 1,860 $219K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.13% 1,236 $214K New
FDX FedEx Corp. 0.13% 875 $213K No change
MRSH Marsh & McLennan Cos 0.12% 831 $203K New
PYPL PayPal Holdings Inc. 0.12% 3,075 $201K Add +2.1%
XLV SS Health Care Select Sector 0.12% 1,373 $200K New

Portfolio Sells Q4 2024 → Q1 2025
AVGO Broadcom Inc. Reduce -0.9% 0.69% −0.27
RTX RTX Corp. Reduce -28.3% 0.66% −0.14
XSD SS SPDR S&P Semiconductor Sold out 0.00% −0.13
VUG Vanguard Mrngstar GR ETF-Sui Sold out 0.00% −0.13
WMT Walmart Inc. Reduce -3.8% 1.15% −0.08
GEV GE Vernova Inc. Reduce -20.3% 0.21% −0.07
GS Goldman Sachs Group Inc. Reduce -1.6% 0.64% −0.04
APD Air Products & Chemicals Inc. Reduce -5.2% 0.29% −0.01
DBB Invesco DB Base Metals Fund Reduce -6.5% 0.17% −0.01
DGRO iShares Core Dividend Growth Reduce -0.2% 0.51% +0.00
DBC Invesco DB Commodity Index T Reduce -3.5% 0.30% +0.00
EFG iShares MSCI Eafe Growth ETF Reduce -1.4% 0.57% +0.01
XOM Exxon Mobil Corp. Reduce -8.1% 0.89% +0.01
JPM JPMorgan Chase & Co. Reduce -0.8% 1.18% +0.02
DBP Invesco DB Precious Metals F Reduce -1.2% 0.26% +0.04
IWD iShares Russell 1000 Value E Reduce -0.6% 4.18% +0.04
GILD Gilead Sciences Inc. Reduce -2.1% 0.66% +0.10
HIG Hartford Insurance Group Inc. Reduce -0.8% 1.16% +0.13
ED Consolidated Edison Inc. Reduce -5.2% 1.01% +0.15
GE General Electric Reduce -1.3% 1.00% +0.16
T AT&T Inc. Reduce -3.7% 0.98% +0.16

Portfolio Buys Q4 2024 → Q1 2025
INTC Intel Corp. Add +28.8% 1.09% +0.34
HDV iShares Core High Dividend E Add +1.9% 3.16% +0.29
AMGN Amgen Inc. Add +4.6% 1.29% +0.26
WM Waste Management Inc. Add +0.7% 1.76% +0.24
AGG iShares Core U.S. Aggregate Add +3.5% 3.62% +0.19
JNJ Johnson & Johnson Add +2.6% 1.21% +0.18
PLD Prologis Inc. Add +25.2% 0.72% +0.18
NEE Nextera Energy Inc. Add +49.2% 0.48% +0.16
META Meta Platforms Inc. Class A New 0.15% +0.15
CVS CVS Health Corp. Add +24.6% 0.31% +0.14
VTV Vanguard Mrngstr Val ETF-Aui New 0.13% +0.13
MRSH Marsh & McLennan Cos New 0.12% +0.12
XLV SS Health Care Select Sector New 0.12% +0.12
EFV iShares MSCI Eafe Value ETF Add +1.3% 0.95% +0.12
CVX Chevron Corp. Add +1.2% 0.73% +0.10
VZ Verizon Communications Inc. Add +2.8% 0.66% +0.09
MDT Medtronic PLC Add +12.4% 0.45% +0.09
ABBV Abbvie Inc. Add +1.3% 0.55% +0.09
DOW Dow Inc. Add +40.0% 0.48% +0.09
USRT iShares Core US REIT ETF Add +5.2% 1.53% +0.08
BRK.B Berkshire Hathaway Inc. Class B Add +3.5% 0.45% +0.08
V Visa Inc. Class A Add +3.5% 0.60% +0.08
MCD McDonald's Corp. Add +1.8% 0.78% +0.07
BA The Boeing Co. Add +10.8% 1.05% +0.07
ENB Enbridge Inc. Add +24.9% 0.28% +0.07
PG The Procter & Gamble Co. Add +5.0% 1.00% +0.06
SNY Sanofi-ADR Add +2.9% 0.34% +0.05
IEFA iShares Core MSCI Eafe ETF Add +0.1% 0.67% +0.05
NFLX Netflix Inc. Add +1.9% 0.73% +0.05
CSCO Cisco Systems Inc. Add +0.0% 1.07% +0.04
SPGI S&P Global Inc. Add +1.0% 1.42% +0.04
PEP Pepsico Inc. Add +9.1% 0.58% +0.04
SLB SLB Ltd. Add +6.4% 0.30% +0.04
GD General Dynamics Corp. Add +1.0% 0.90% +0.04
IEMG iShares Core MSCI Emerging Add +1.4% 0.79% +0.04
CMCSA Comcast Corp. Class A Add +18.5% 0.20% +0.03
COST Costco Wholesale Corp. Add +1.2% 0.65% +0.03
WFC Wells Fargo & Co. Add +0.5% 0.84% +0.02
UNP Union Pacific Corp. Add +0.9% 0.49% +0.02
C Citigroup Inc. Add +1.4% 0.93% +0.02
UNH Unitedhealth Group Inc. Add +0.7% 0.44% +0.02
VYM Vanguard High DVD Yield ETF Add +1.4% 0.43% +0.01
CRM Salesforce Inc. Add +25.1% 0.25% +0.00
BLK BlackRock Inc. Add +8.1% 0.29% −0.00
TMO Thermo Fisher Scientific Inc. Add +3.7% 0.28% −0.00
ISRG Intuitive Surgical Inc. Add +3.4% 0.39% −0.01
VTI VG Morningstar TS MKT ETF-US Add +1.4% 0.19% −0.01
CAT Caterpillar Inc. Add +4.4% 0.19% −0.01
HD Home Depot Inc. Add +1.2% 0.38% −0.02
PYPL PayPal Holdings Inc. Add +2.1% 0.12% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 139$246.5MNVDA, IWF, QQQ, INTC, IWD
Q1 2026 136$208.2MNVDA, IWF, QQQ, IWD, AAPL
Q4 2025 136$208.0MNVDA, IWF, QQQ, AAPL, MSFT
Q3 2025 132$196.3MNVDA, IWF, QQQ, MSFT, AAPL
Q2 2025 127$180.6MNVDA, IWF, QQQ, MSFT, IWD
Q1 2025 125$165.9MNVDA, IWF, QQQ, IWD, AGG
Q4 2024 123$165.9MNVDA, IWF, QQQ, IWD, AAPL
Q3 2024 128$164.7MNVDA, IWF, QQQ, IWD, AAPL
Q2 2024 122$156.2MNVDA, IWF, QQQ, IWD, MSFT
Q1 2024 122$149.1MNVDA, IWF, QQQ, IWD, MSFT