American State Bank (Iowa)

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed April 14, 2026), American State Bank (Iowa) reported 132 stock positions worth $196.3 million. Its top holding was Nvidia (NVDA) at 10.9% of the portfolio, followed by iShares Russell 1000 Growth (IWF, 6.7%) and Invesco QQQ Trust Series 1 (QQQ, 4.7%). Compared with Q2 2025, it opened 5 new positions, added to 52 and reduced 31. The biggest buy was iShares Russell 1000 Growth (IWF, shares +6%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −24%).

Most Recent 13F
Q2 2026
Location
SIOUX CENTER, IA
CIK
0002122473
Portfolio Value
$196.3M (Q3 2025)
SEC Filing
0002122473-26-000021 ↗ 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 Q2 2025 Q3 2025: $196.3M $196.3M Q3 2025 Q4 2025: $208.0M Q4 2025 Q1 2026: $208.2M Q1 2026 Q2 2026: $246.5M Q2 2026

Holdings 132 stocks · $196.3M
NVDA Nvidia Corp. 10.94% 115,100 $21.5M Reduce -0.5%
IWF iShares Russell 1000 Growth 6.70% 28,086 $13.2M Add +5.5%
QQQ Invesco QQQ Trust Series 1 4.73% 15,453 $9.3M No change
MSFT Microsoft Corp. 3.74% 14,167 $7.3M Reduce -0.3%
AAPL Apple Inc. 3.34% 25,710 $6.5M Add +0.5%
IWD iShares Russell 1000 Value E 2.92% 28,158 $5.7M Reduce -10.1%
SPY SS SPDR S&P 500 ETF Trust-US 2.21% 6,497 $4.3M Add +0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.61% 61,151 $3.2M Reduce -0.0%
AGG iShares Core U.S. Aggregate 1.60% 31,405 $3.1M Reduce -23.7%
INTC Intel Corp. 1.46% 85,409 $2.9M Add +0.2%
HDV iShares Core High Dividend E 1.43% 22,864 $2.8M Reduce -16.7%
WM Waste Management Inc. 1.42% 12,640 $2.8M Add +0.3%
GE General Electric filed as GE AEROSPACE 1.28% 8,329 $2.5M Add +0.2%
JPM JPMorgan Chase & Co. 1.27% 7,904 $2.5M Reduce -1.2%
BA The Boeing Co. 1.21% 11,014 $2.4M Add +1.5%
JNJ Johnson & Johnson 1.19% 12,599 $2.3M Add +0.9%
WMT Walmart Inc. 1.19% 22,645 $2.3M Reduce -0.8%
AVGO Broadcom Inc. 1.19% 7,051 $2.3M Reduce -1.6%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.18% 4,992 $2.3M No change
SPGI S&P Global Inc. 1.16% 4,661 $2.3M Reduce -0.2%
C Citigroup Inc. 1.12% 21,567 $2.2M Reduce -1.0%
HIG Hartford Insurance Group Inc. 1.03% 15,155 $2.0M Reduce -2.5%
AMGN Amgen Inc. 1.01% 7,009 $2.0M Add +1.1%
CSCO Cisco Systems Inc. 0.99% 28,537 $2.0M Reduce -0.4%
AMAT Applied Materials Inc. 0.97% 9,262 $1.9M Add +1.2%
GD General Dynamics Corp. 0.96% 5,544 $1.9M Add +0.4%
EFV iShares MSCI Eafe Value ETF 0.94% 27,167 $1.8M Add +0.8%
STX Seagate Technology Holdings 0.84% 7,000 $1.7M No change
T AT&T Inc. 0.83% 57,416 $1.6M Reduce -0.8%
IEMG iShares Core MSCI Emerging 0.83% 24,576 $1.6M No change
LRCX Lam Research Corp. 0.82% 12,000 $1.6M No change
AMZN Amazon.com Inc. 0.82% 7,286 $1.6M Add +1.6%
WFC Wells Fargo & Co. 0.81% 18,911 $1.6M Reduce -1.9%
NFLX Netflix Inc. 0.80% 1,303 $1.6M Add +0.2%
PG The Procter & Gamble Co. 0.80% 10,158 $1.6M Add +1.2%
IJR iShares Core S&P Small-Cap E 0.79% 13,122 $1.6M Reduce -17.1%
GS Goldman Sachs Group Inc. 0.79% 1,948 $1.6M Reduce -1.0%
ED Consolidated Edison Inc. 0.78% 15,202 $1.5M Add +0.2%
GOOG Alphabet Inc. Class C 0.76% 6,137 $1.5M Add +0.9%
IWO iShares Russell 2000 Growth 0.75% 4,609 $1.5M Reduce -1.4%
IUSG iShares Core S&P U.S. Growth 0.75% 8,920 $1.5M Reduce -2.9%
XOM Exxon Mobil Corp. 0.73% 12,670 $1.4M Add +0.1%
RTX RTX Corp. 0.69% 8,116 $1.4M No change
USRT iShares Core US REIT ETF 0.68% 22,599 $1.3M Reduce -26.5%
VIG Vanguard Dividend Apprec ETF 0.66% 6,024 $1.3M Add +23.6%
MCD McDonald's Corp. 0.65% 4,203 $1.3M Add +1.0%
IUSV iShares Core S&P U.S. Value 0.65% 12,746 $1.3M Reduce -1.2%
PLD Prologis Inc. 0.64% 11,026 $1.3M Add +0.6%
IEFA iShares Core MSCI Eafe ETF 0.64% 14,453 $1.3M Reduce -0.5%
CVX Chevron Corp. 0.60% 7,542 $1.2M Reduce -1.4%
GILD Gilead Sciences Inc. 0.57% 10,087 $1.1M Add +0.6%
ADBE Adobe Inc. 0.57% 3,166 $1.1M Add +4.5%
TSLA Tesla Inc. 0.57% 2,497 $1.1M Reduce -2.0%
WEC WEC Energy Group Inc. 0.56% 9,584 $1.1M No change
EFG iShares MSCI Eafe Growth ETF 0.55% 9,536 $1.1M No change
VZ Verizon Communications Inc. 0.55% 24,680 $1.1M Add +0.6%
COST Costco Wholesale Corp. 0.55% 1,167 $1.1M Add +1.1%
SDY SS SPDR S&P Dividend ETF 0.55% 7,690 $1.1M Reduce -4.6%
ABBV Abbvie Inc. 0.53% 4,519 $1.0M Add +0.4%
CI The Cigna Group 0.52% 3,511 $1.0M No change
V Visa Inc. Class A 0.51% 2,929 $1000K Add +2.6%
UNP Union Pacific Corp. 0.49% 4,053 $958K Add +0.2%
QCOM Qualcomm Inc. 0.48% 5,715 $951K Add +0.4%
IWN iShares Russell 2000 Value E 0.48% 5,327 $942K Add +4.4%
PEP Pepsico Inc. 0.48% 6,688 $939K Add +0.2%
NEE Nextera Energy Inc. 0.45% 11,802 $891K Add +0.3%
DELL Dell Technologies -C 0.45% 6,231 $883K No change
ROST Ross Stores Inc. 0.43% 5,507 $839K Reduce -0.3%
MDT Medtronic PLC 0.43% 8,788 $837K Add +0.9%
DGRO iShares Core Dividend Growth 0.40% 11,520 $784K Add +0.7%
UNH Unitedhealth Group Inc. 0.40% 2,258 $780K Add +17.9%
VYM Vanguard High DVD Yield ETF 0.39% 5,473 $771K No change
IBB iShares Biotechnology ETF 0.37% 5,082 $734K No change
XLK SS Technology Select Sector 0.37% 2,587 $729K No change
IJH iShares Core S&P Midcap ETF 0.37% 11,134 $727K Reduce -2.4%
HD Home Depot Inc. 0.37% 1,782 $722K Add +0.1%
DOW Dow Inc. 0.36% 31,214 $716K Add +6.2%
XEL Xcel Energy Inc. 0.36% 8,809 $710K No change
BRK.B Berkshire Hathaway Inc. Class B 0.36% 1,405 $706K Reduce -1.0%
GEV GE Vernova Inc. 0.34% 1,099 $676K No change
BLK BlackRock Inc. 0.32% 546 $637K Add +1.7%
ISRG Intuitive Surgical Inc. 0.31% 1,366 $611K Add +3.6%
CVS CVS Health Corp. 0.30% 7,868 $593K Add +1.4%
XLF SS Financial Select Sector 0.30% 10,984 $592K No change
IYH iShares U.S. Healthcare ETF 0.30% 9,915 $582K No change
AEE Ameren Corporation 0.28% 5,282 $551K No change
CAT Caterpillar Inc. 0.28% 1,154 $551K Add +0.9%
VEA Vanguard Ftse Developed ETF 0.28% 9,100 $545K Add +4.7%
TMO Thermo Fisher Scientific Inc. 0.28% 1,116 $541K Add +4.2%
META Meta Platforms Inc. Class A 0.27% 731 $537K Add +6.6%
DBP Invesco DB Precious Metals F 0.27% 5,970 $531K No change
SNY Sanofi-ADR 0.27% 11,117 $525K Add +0.9%
ENB Enbridge Inc. 0.27% 10,396 $525K Reduce -3.0%
DBC Invesco DB Commodity Index T 0.25% 22,130 $499K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.24% 13,950 $479K Add +3.3%
EMR Emerson Electric Co. 0.24% 3,589 $471K No change
MS Morgan Stanley 0.24% 2,922 $464K Add +0.5%
APD Air Products & Chemicals Inc. 0.24% 1,699 $463K Add +0.9%
DBA Invesco DB Agriculture Fund 0.23% 17,170 $459K No change
NSC Norfolk Southern Corp. 0.23% 1,475 $443K No change
CRM Salesforce Inc. 0.22% 1,854 $439K Add +3.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.22% 2,315 $432K Add +0.3%
AFL Aflac Inc. 0.20% 3,540 $395K No change
SO The Southern Co. 0.20% 4,081 $387K No change
ES Eversource Energy 0.20% 5,436 $387K No change
ALL Allstate Corp. 0.19% 1,748 $375K No change
KIM Kimco Realty Corp. 0.19% 17,100 $374K No change
LECO Lincoln Electric Holdings 0.18% 1,500 $354K No change
IVV iShares Core S&P 500 ETF 0.18% 526 $352K No change
VTI VG Morningstar TS MKT ETF-US 0.18% 1,069 $351K No change
XLY SS Consumer Disc Select Sect 0.18% 1,458 $349K No change
SPG Simon Property Group Inc. 0.17% 1,779 $334K No change
XAR SS SPDR S&P Aerospace Def 0.17% 1,419 $333K Reduce -1.3%
CMCSA Comcast Corp. Class A 0.17% 10,507 $330K Add +7.8%
GLD SPDR Gold Shares 0.16% 902 $321K No change
XLI SS Industrial Select Sector 0.15% 1,966 $303K No change
VWO Vanguard Ftse Emerging Marke 0.15% 5,537 $300K Add +4.6%
DBE Invesco DB Energy Fund 0.15% 15,550 $296K No change
DBB Invesco DB Base Metals Fund 0.15% 14,150 $291K No change
XSD SS SPDR S&P Semiconductor 0.14% 882 $281K No change
CLX Clorox Company 0.13% 2,017 $249K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.13% 517 $248K No change
XNTK SS SPDR Nyse Tech ETF 0.13% 901 $245K No change
GOOGL Alphabet Inc. Class A 0.12% 996 $242K New
VIOO Vanguard S&P Small-Cap 600 E 0.12% 2,056 $227K Reduce -17.5%
KIE SS SPDR S&P Insurance ETF 0.11% 3,753 $223K No change
IXUS iShares Core Intl Stock ETF 0.11% 2,525 $209K New
FDX FedEx Corp. 0.11% 875 $206K New
PYPL PayPal Holdings Inc. 0.11% 3,075 $206K No change
VNQ Vanguard Real Estate ETF 0.10% 2,253 $206K New
MU Micron Technology Inc. 0.10% 1,200 $201K New
ESS Essex Property Trust Inc. 0.10% 748 $200K No change

Portfolio Sells Q2 2025 → Q3 2025
AGG iShares Core U.S. Aggregate Reduce -23.7% 1.60% −0.66
IWD iShares Russell 1000 Value E Reduce -10.1% 2.92% −0.45
HDV iShares Core High Dividend E Reduce -16.7% 1.43% −0.35
USRT iShares Core US REIT ETF Reduce -26.5% 0.68% −0.29
SPGI S&P Global Inc. Reduce -0.2% 1.16% −0.21
MSFT Microsoft Corp. Reduce -0.3% 3.74% −0.17
IJR iShares Core S&P Small-Cap E Reduce -17.1% 0.79% −0.16
CSCO Cisco Systems Inc. Reduce -0.4% 0.99% −0.11
T AT&T Inc. Reduce -0.8% 0.83% −0.10
HIG Hartford Insurance Group Inc. Reduce -2.5% 1.03% −0.06
SDY SS SPDR S&P Dividend ETF Reduce -4.6% 0.55% −0.06
WFC Wells Fargo & Co. Reduce -1.9% 0.81% −0.05
WMT Walmart Inc. Reduce -0.8% 1.19% −0.05
IEFA iShares Core MSCI Eafe ETF Reduce -0.5% 0.64% −0.03
IUSV iShares Core S&P U.S. Value Reduce -1.2% 0.65% −0.03
VIOO Vanguard S&P Small-Cap 600 E Reduce -17.5% 0.12% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 0.36% −0.02
IJH iShares Core S&P Midcap ETF Reduce -2.4% 0.37% −0.02
IUSG iShares Core S&P U.S. Growth Reduce -2.9% 0.75% −0.02
JPM JPMorgan Chase & Co. Reduce -1.2% 1.27% −0.01
CVX Chevron Corp. Reduce -1.4% 0.60% −0.01
ENB Enbridge Inc. Reduce -3.0% 0.27% −0.00
XAR SS SPDR S&P Aerospace Def Reduce -1.3% 0.17% +0.00
BAC Bank of America Corp. Reduce -0.0% 1.61% +0.00
IWO iShares Russell 2000 Growth Reduce -1.4% 0.75% +0.01
GS Goldman Sachs Group Inc. Reduce -1.0% 0.79% +0.02
ROST Ross Stores Inc. Reduce -0.3% 0.43% +0.04
C Citigroup Inc. Reduce -1.0% 1.12% +0.09
AVGO Broadcom Inc. Reduce -1.6% 1.19% +0.09
TSLA Tesla Inc. Reduce -2.0% 0.57% +0.12
NVDA Nvidia Corp. Reduce -0.5% 10.94% +0.83

Portfolio Buys Q2 2025 → Q3 2025
IWF iShares Russell 1000 Growth Add +5.5% 6.70% +0.45
AAPL Apple Inc. Add +0.5% 3.34% +0.43
INTC Intel Corp. Add +0.2% 1.46% +0.40
GOOG Alphabet Inc. Class C Add +0.9% 0.76% +0.16
JNJ Johnson & Johnson Add +0.9% 1.19% +0.13
GOOGL Alphabet Inc. Class A New 0.12% +0.12
VIG Vanguard Dividend Apprec ETF Add +23.6% 0.66% +0.11
IXUS iShares Core Intl Stock ETF New 0.11% +0.11
FDX FedEx Corp. New 0.11% +0.11
VNQ Vanguard Real Estate ETF New 0.10% +0.10
MU Micron Technology Inc. New 0.10% +0.10
GE General Electric Add +0.2% 1.28% +0.09
GD General Dynamics Corp. Add +0.4% 0.96% +0.07
ABBV Abbvie Inc. Add +0.4% 0.53% +0.07
UNH Unitedhealth Group Inc. Add +17.9% 0.40% +0.07
AMAT Applied Materials Inc. Add +1.2% 0.97% +0.04
TMO Thermo Fisher Scientific Inc. Add +4.2% 0.28% +0.04
CAT Caterpillar Inc. Add +0.9% 0.28% +0.03
IWN iShares Russell 2000 Value E Add +4.4% 0.48% +0.03
BLK BlackRock Inc. Add +1.7% 0.32% +0.01
MS Morgan Stanley Add +0.5% 0.24% +0.01
VWO Vanguard Ftse Emerging Marke Add +4.6% 0.15% +0.01
HD Home Depot Inc. Add +0.1% 0.37% +0.01
MDT Medtronic PLC Add +0.9% 0.43% +0.01
CVS CVS Health Corp. Add +1.4% 0.30% +0.01
PLD Prologis Inc. Add +0.6% 0.64% +0.01
VEA Vanguard Ftse Developed ETF Add +4.7% 0.28% +0.00
NEE Nextera Energy Inc. Add +0.3% 0.45% +0.00
DGRO iShares Core Dividend Growth Add +0.7% 0.40% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +0.3% 0.22% −0.01
META Meta Platforms Inc. Class A Add +6.6% 0.27% −0.01
EFV iShares MSCI Eafe Value ETF Add +0.8% 0.94% −0.01
SLB SLB Ltd. Add +3.3% 0.24% −0.01
PEP Pepsico Inc. Add +0.2% 0.48% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.3% 2.21% −0.01
QCOM Qualcomm Inc. Add +0.4% 0.48% −0.02
MCD McDonald's Corp. Add +1.0% 0.65% −0.02
CMCSA Comcast Corp. Class A Add +7.8% 0.17% −0.02
APD Air Products & Chemicals Inc. Add +0.9% 0.24% −0.03
UNP Union Pacific Corp. Add +0.2% 0.49% −0.03
SNY Sanofi-ADR Add +0.9% 0.27% −0.03
XOM Exxon Mobil Corp. Add +0.1% 0.73% −0.03
VZ Verizon Communications Inc. Add +0.6% 0.55% −0.04
GILD Gilead Sciences Inc. Add +0.6% 0.57% −0.04
CRM Salesforce Inc. Add +3.1% 0.22% −0.05
BA The Boeing Co. Add +1.5% 1.21% −0.05
V Visa Inc. Class A Add +2.6% 0.51% −0.05
AMZN Amazon.com Inc. Add +1.6% 0.82% −0.06
AMGN Amgen Inc. Add +1.1% 1.01% −0.06
ED Consolidated Edison Inc. Add +0.2% 0.78% −0.06

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