American State Bank (Iowa)

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed April 14, 2026), American State Bank (Iowa) reported 127 stock positions worth $180.6 million. Its top holding was Nvidia (NVDA) at 10.1% of the portfolio, followed by iShares Russell 1000 Growth (IWF, 6.3%) and Invesco QQQ Trust Series 1 (QQQ, 4.7%). Compared with Q1 2025, it opened 6 new positions, sold out of 4, added to 62 and reduced 26. The biggest buy was iShares Russell 1000 Growth (IWF, shares +19%) and the biggest sale iShares Core High Dividend E (HDV, shares −37%).

Most Recent 13F
Q2 2026
Location
SIOUX CENTER, IA
CIK
0002122473
Portfolio Value
$180.6M (Q2 2025)
SEC Filing
0002122473-26-000020 ↗ 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 Q1 2025 Q2 2025: $180.6M $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 127 stocks · $180.6M
NVDA Nvidia Corp. 10.11% 115,615 $18.3M Reduce -0.6%
IWF iShares Russell 1000 Growth 6.26% 26,612 $11.3M Add +19.3%
QQQ Invesco QQQ Trust Series 1 4.72% 15,453 $8.5M No change
MSFT Microsoft Corp. 3.91% 14,206 $7.1M Add +1.8%
IWD iShares Russell 1000 Value E 3.37% 31,324 $6.1M Reduce -14.9%
AAPL Apple Inc. 2.91% 25,585 $5.2M Reduce -0.9%
AGG iShares Core U.S. Aggregate 2.26% 41,171 $4.1M Reduce -32.1%
SPY SS SPDR S&P 500 ETF Trust-US 2.22% 6,480 $4.0M No change
HDV iShares Core High Dividend E 1.78% 27,446 $3.2M Reduce -36.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.60% 61,176 $2.9M Add +1.8%
WM Waste Management Inc. 1.60% 12,600 $2.9M Add +0.2%
SPGI S&P Global Inc. 1.36% 4,672 $2.5M Add +1.0%
JPM JPMorgan Chase & Co. 1.28% 7,999 $2.3M Add +0.4%
BA The Boeing Co. 1.26% 10,856 $2.3M Add +6.3%
WMT Walmart Inc. 1.24% 22,827 $2.2M Add +4.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.22% 4,992 $2.2M No change
GE General Electric filed as GE AEROSPACE 1.18% 8,311 $2.1M Add +0.1%
CSCO Cisco Systems Inc. 1.10% 28,648 $2.0M Reduce -0.2%
AVGO Broadcom Inc. 1.09% 7,167 $2.0M Add +4.9%
HIG Hartford Insurance Group Inc. 1.09% 15,537 $2.0M Add +0.3%
AMGN Amgen Inc. 1.07% 6,933 $1.9M Add +0.6%
INTC Intel Corp. 1.06% 85,209 $1.9M Add +6.9%
JNJ Johnson & Johnson 1.06% 12,481 $1.9M Add +2.9%
C Citigroup Inc. 1.03% 21,791 $1.9M Add +0.7%
NFLX Netflix Inc. 0.96% 1,300 $1.7M No change
USRT iShares Core US REIT ETF 0.96% 30,762 $1.7M Reduce -30.1%
IJR iShares Core S&P Small-Cap E 0.96% 15,830 $1.7M Reduce -33.2%
EFV iShares MSCI Eafe Value ETF 0.95% 26,947 $1.7M Add +0.6%
AMAT Applied Materials Inc. 0.93% 9,151 $1.7M Add +2.7%
T AT&T Inc. 0.93% 57,867 $1.7M Add +1.1%
GD General Dynamics Corp. 0.89% 5,524 $1.6M Add +0.9%
PG The Procter & Gamble Co. 0.89% 10,039 $1.6M Add +2.9%
AMZN Amazon.com Inc. 0.87% 7,173 $1.6M Add +10.3%
WFC Wells Fargo & Co. 0.85% 19,272 $1.5M Reduce -0.8%
ED Consolidated Edison Inc. 0.84% 15,166 $1.5M Add +0.1%
IEMG iShares Core MSCI Emerging 0.82% 24,576 $1.5M Add +1.2%
GS Goldman Sachs Group Inc. 0.77% 1,967 $1.4M Add +0.7%
IUSG iShares Core S&P U.S. Growth 0.77% 9,190 $1.4M Reduce -4.2%
XOM Exxon Mobil Corp. 0.76% 12,662 $1.4M Add +1.8%
IWO iShares Russell 2000 Growth 0.74% 4,672 $1.3M Add +3.8%
IUSV iShares Core S&P U.S. Value 0.68% 12,899 $1.2M Reduce -1.3%
MCD McDonald's Corp. 0.67% 4,162 $1.2M Add +1.1%
IEFA iShares Core MSCI Eafe ETF 0.67% 14,527 $1.2M Reduce -0.9%
RTX RTX Corp. 0.66% 8,116 $1.2M Reduce -1.2%
ADBE Adobe Inc. 0.65% 3,031 $1.2M Add +3.9%
LRCX Lam Research Corp. 0.65% 12,000 $1.2M No change
CI The Cigna Group 0.64% 3,511 $1.2M No change
PLD Prologis Inc. 0.64% 10,960 $1.2M Add +2.8%
COST Costco Wholesale Corp. 0.63% 1,154 $1.1M Add +1.9%
GILD Gilead Sciences Inc. 0.62% 10,028 $1.1M Add +2.3%
CVX Chevron Corp. 0.61% 7,649 $1.1M Add +6.3%
SDY SS SPDR S&P Dividend ETF 0.61% 8,057 $1.1M Add +1.3%
GOOG Alphabet Inc. Class C 0.60% 6,082 $1.1M Add +4.8%
EFG iShares MSCI Eafe Growth ETF 0.59% 9,536 $1.1M No change
VZ Verizon Communications Inc. 0.59% 24,545 $1.1M Add +1.1%
V Visa Inc. Class A 0.56% 2,854 $1.0M Add +0.6%
STX Seagate Technology Holdings 0.56% 7,000 $1.0M No change
WEC WEC Energy Group Inc. 0.55% 9,584 $999K No change
VIG Vanguard Dividend Apprec ETF 0.55% 4,873 $997K No change
UNP Union Pacific Corp. 0.52% 4,044 $930K Add +16.5%
QCOM Qualcomm Inc. 0.50% 5,690 $906K Add +5.9%
PEP Pepsico Inc. 0.49% 6,676 $881K Add +3.9%
ABBV Abbvie Inc. 0.46% 4,499 $835K Add +3.8%
NEE Nextera Energy Inc. 0.45% 11,772 $817K Add +4.0%
TSLA Tesla Inc. 0.45% 2,548 $809K Add +21.1%
IWN iShares Russell 2000 Value E 0.45% 5,103 $805K Add +1.8%
DOW Dow Inc. 0.43% 29,399 $778K Add +28.0%
DELL Dell Technologies -C 0.42% 6,231 $764K No change
MDT Medtronic PLC 0.42% 8,706 $759K Add +5.5%
DGRO iShares Core Dividend Growth 0.40% 11,436 $731K Reduce -17.1%
VYM Vanguard High DVD Yield ETF 0.40% 5,473 $730K No change
ISRG Intuitive Surgical Inc. 0.40% 1,319 $717K Add +0.1%
IJH iShares Core S&P Midcap ETF 0.39% 11,407 $707K No change
ROST Ross Stores Inc. 0.39% 5,522 $704K No change
BRK.B Berkshire Hathaway Inc. Class B 0.38% 1,419 $689K Add +0.3%
XLK SS Technology Select Sector 0.36% 2,587 $655K No change
HD Home Depot Inc. 0.36% 1,781 $653K Add +2.6%
IBB iShares Biotechnology ETF 0.36% 5,082 $643K No change
XEL Xcel Energy Inc. 0.33% 8,809 $600K No change
UNH Unitedhealth Group Inc. 0.33% 1,916 $598K Add +37.7%
GEV GE Vernova Inc. 0.32% 1,099 $582K Reduce -4.3%
XLF SS Financial Select Sector 0.32% 10,984 $575K No change
BLK BlackRock Inc. 0.31% 537 $563K Add +5.9%
IYH iShares U.S. Healthcare ETF 0.31% 9,915 $560K Reduce -2.9%
CVS CVS Health Corp. 0.30% 7,758 $535K Add +2.8%
SNY Sanofi-ADR 0.29% 11,021 $532K Add +7.2%
AEE Ameren Corporation 0.28% 5,282 $507K No change
META Meta Platforms Inc. Class A 0.28% 686 $506K Add +55.9%
VEA Vanguard Ftse Developed ETF 0.27% 8,693 $496K Add +21.2%
CRM Salesforce Inc. 0.27% 1,798 $490K Add +15.5%
ENB Enbridge Inc. 0.27% 10,721 $486K Add +1.2%
DBC Invesco DB Commodity Index T 0.27% 22,130 $483K Reduce -0.9%
EMR Emerson Electric Co. 0.26% 3,589 $479K No change
APD Air Products & Chemicals Inc. 0.26% 1,684 $475K Add +1.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.25% 13,499 $456K Add +14.8%
DBA Invesco DB Agriculture Fund 0.25% 17,170 $449K Reduce -1.4%
DBP Invesco DB Precious Metals F 0.25% 5,970 $449K Reduce -2.5%
CAT Caterpillar Inc. 0.25% 1,144 $444K Add +20.8%
TMO Thermo Fisher Scientific Inc. 0.24% 1,071 $434K Add +13.1%
MS Morgan Stanley 0.23% 2,908 $410K No change

Show all 127 holdings

Portfolio Sells Q1 2025 → Q2 2025
HDV iShares Core High Dividend E Reduce -36.6% 1.78% −1.38
AGG iShares Core U.S. Aggregate Reduce -32.1% 2.26% −1.36
IWD iShares Russell 1000 Value E Reduce -14.9% 3.37% −0.81
USRT iShares Core US REIT ETF Reduce -30.1% 0.96% −0.56
AAPL Apple Inc. Reduce -0.9% 2.91% −0.55
IJR iShares Core S&P Small-Cap E Reduce -33.2% 0.96% −0.54
IWP iShares Russell Mid-Cap Grow Sold out 0.00% −0.13
FDX FedEx Corp. Sold out 0.00% −0.13
MRSH Marsh & McLennan Cos Sold out 0.00% −0.12
XLV SS Health Care Select Sector Sold out 0.00% −0.12
DGRO iShares Core Dividend Growth Reduce -17.1% 0.40% −0.11
IYH iShares U.S. Healthcare ETF Reduce -2.9% 0.31% −0.07
IUSV iShares Core S&P U.S. Value Reduce -1.3% 0.68% −0.05
DBC Invesco DB Commodity Index T Reduce -0.9% 0.27% −0.04
DBA Invesco DB Agriculture Fund Reduce -1.4% 0.25% −0.03
DBE Invesco DB Energy Fund Reduce -1.6% 0.16% −0.03
SPG Simon Property Group Inc. Reduce -1.4% 0.16% −0.02
KIM Kimco Realty Corp. Reduce -0.6% 0.20% −0.02
DBP Invesco DB Precious Metals F Reduce -2.5% 0.25% −0.02
VTI VG Morningstar TS MKT ETF-US Reduce -9.1% 0.18% −0.01
DBB Invesco DB Base Metals Fund Reduce -1.4% 0.15% −0.01
GLD SPDR Gold Shares Reduce -0.9% 0.15% −0.01
NSC Norfolk Southern Corp. Reduce -1.5% 0.21% −0.00
RTX RTX Corp. Reduce -1.2% 0.66% 0.00
IEFA iShares Core MSCI Eafe ETF Reduce -0.9% 0.67% +0.00
WFC Wells Fargo & Co. Reduce -0.8% 0.85% +0.01
IUSG iShares Core S&P U.S. Growth Reduce -4.2% 0.77% +0.03
CSCO Cisco Systems Inc. Reduce -0.2% 1.10% +0.03
GEV GE Vernova Inc. Reduce -4.3% 0.32% +0.11
NVDA Nvidia Corp. Reduce -0.6% 10.11% +2.52

Portfolio Buys Q1 2025 → Q2 2025
IWF iShares Russell 1000 Growth Add +19.3% 6.26% +1.40
MSFT Microsoft Corp. Add +1.8% 3.91% +0.75
AVGO Broadcom Inc. Add +4.9% 1.09% +0.40
BA The Boeing Co. Add +6.3% 1.26% +0.21
GE General Electric Add +0.1% 1.18% +0.18
IVV iShares Core S&P 500 ETF New 0.18% +0.18
AMAT Applied Materials Inc. Add +2.7% 0.93% +0.15
VWO Vanguard Ftse Emerging Marke New 0.14% +0.14
VIOO Vanguard S&P Small-Cap 600 E New 0.14% +0.14
META Meta Platforms Inc. Class A Add +55.9% 0.28% +0.13
GS Goldman Sachs Group Inc. Add +0.7% 0.77% +0.13
VUG Vanguard Mrngstar GR ETF-Sui New 0.13% +0.13
XSD SS SPDR S&P Semiconductor New 0.13% +0.13
AMZN Amazon.com Inc. Add +10.3% 0.87% +0.13
TSLA Tesla Inc. Add +21.1% 0.45% +0.12
XNTK SS SPDR Nyse Tech ETF New 0.12% +0.12
JPM JPMorgan Chase & Co. Add +0.4% 1.28% +0.11
C Citigroup Inc. Add +0.7% 1.03% +0.10
VTV Vanguard Mrngstr Val ETF-Aui Add +86.8% 0.23% +0.10
BAC Bank of America Corp. Add +1.8% 1.60% +0.09
WMT Walmart Inc. Add +4.9% 1.24% +0.08
CAT Caterpillar Inc. Add +20.8% 0.25% +0.06
VEA Vanguard Ftse Developed ETF Add +21.2% 0.27% +0.05
GOOG Alphabet Inc. Class C Add +4.8% 0.60% +0.05
IWO iShares Russell 2000 Growth Add +3.8% 0.74% +0.05
IEMG iShares Core MSCI Emerging Add +1.2% 0.82% +0.03
BLK BlackRock Inc. Add +5.9% 0.31% +0.02
UNP Union Pacific Corp. Add +16.5% 0.52% +0.02
CRM Salesforce Inc. Add +15.5% 0.27% +0.02
QCOM Qualcomm Inc. Add +5.9% 0.50% +0.00
ISRG Intuitive Surgical Inc. Add +0.1% 0.40% +0.00
CMCSA Comcast Corp. Class A Add +10.3% 0.19% −0.00
EFV iShares MSCI Eafe Value ETF Add +0.6% 0.95% −0.00
GD General Dynamics Corp. Add +0.9% 0.89% −0.01
IWN iShares Russell 2000 Value E Add +1.8% 0.45% −0.01
CVS CVS Health Corp. Add +2.8% 0.30% −0.01
COST Costco Wholesale Corp. Add +1.9% 0.63% −0.01
ENB Enbridge Inc. Add +1.2% 0.27% −0.01
HD Home Depot Inc. Add +2.6% 0.36% −0.02
ADBE Adobe Inc. Add +3.9% 0.65% −0.03
MDT Medtronic PLC Add +5.5% 0.42% −0.03
NEE Nextera Energy Inc. Add +4.0% 0.45% −0.03
APD Air Products & Chemicals Inc. Add +1.5% 0.26% −0.03
INTC Intel Corp. Add +6.9% 1.06% −0.03
V Visa Inc. Class A Add +0.6% 0.56% −0.04
SLB SLB Ltd. Add +14.8% 0.25% −0.04
TMO Thermo Fisher Scientific Inc. Add +13.1% 0.24% −0.04
SDY SS SPDR S&P Dividend ETF Add +1.3% 0.61% −0.05
GILD Gilead Sciences Inc. Add +2.3% 0.62% −0.05
T AT&T Inc. Add +1.1% 0.93% −0.05

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