American State Bank (Iowa)

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed April 14, 2026), American State Bank (Iowa) reported 136 stock positions worth $208.0 million. Its top holding was Nvidia (NVDA) at 10.2% of the portfolio, followed by iShares Russell 1000 Growth (IWF, 6.9%) and Invesco QQQ Trust Series 1 (QQQ, 4.6%). Compared with Q3 2025, it opened 6 new positions, sold out of 2, added to 64 and reduced 30. The biggest buy was a new position in iShares Russell 3000 ETF (IWV) and the biggest sale Nvidia (NVDA, shares −2%).

Most Recent 13F
Q2 2026
Location
SIOUX CENTER, IA
CIK
0002122473
Portfolio Value
$208.0M (Q4 2025)
SEC Filing
0002122473-26-000022 ↗ 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 Q3 2025 Q4 2025: $208.0M $208.0M Q4 2025 Q1 2026: $208.2M Q1 2026 Q2 2026: $246.5M Q2 2026

Holdings 136 stocks · $208.0M
NVDA Nvidia Corp. 10.17% 113,359 $21.1M Reduce -1.5%
IWF iShares Russell 1000 Growth 6.88% 30,214 $14.3M Add +7.6%
QQQ Invesco QQQ Trust Series 1 4.56% 15,440 $9.5M Reduce -0.1%
AAPL Apple Inc. 3.36% 25,694 $7.0M Reduce -0.1%
MSFT Microsoft Corp. 3.28% 14,123 $6.8M Reduce -0.3%
IWD iShares Russell 1000 Value E 3.05% 30,197 $6.4M Add +7.2%
SPY SS SPDR S&P 500 ETF Trust-US 2.13% 6,508 $4.4M Add +0.2%
AGG iShares Core U.S. Aggregate 1.68% 34,994 $3.5M Add +11.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.62% 61,368 $3.4M Add +0.3%
INTC Intel Corp. 1.39% 78,311 $2.9M Reduce -8.3%
WM Waste Management Inc. 1.34% 12,729 $2.8M Add +0.7%
HDV iShares Core High Dividend E 1.28% 21,910 $2.7M Reduce -4.2%
JNJ Johnson & Johnson 1.25% 12,522 $2.6M Reduce -0.6%
SPGI S&P Global Inc. 1.24% 4,920 $2.6M Add +5.6%
WMT Walmart Inc. 1.22% 22,804 $2.5M Add +0.7%
GE General Electric filed as GE AEROSPACE 1.22% 8,216 $2.5M Reduce -1.4%
IWV iShares Russell 3000 ETF 1.20% 6,471 $2.5M New
JPM JPMorgan Chase & Co. 1.19% 7,704 $2.5M Reduce -2.5%
C Citigroup Inc. 1.19% 21,269 $2.5M Reduce -1.4%
BA The Boeing Co. 1.19% 11,366 $2.5M Add +3.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.15% 4,992 $2.4M No change
AMAT Applied Materials Inc. 1.13% 9,185 $2.4M Reduce -0.8%
AMGN Amgen Inc. 1.11% 7,050 $2.3M Add +0.6%
AVGO Broadcom Inc. 1.11% 6,645 $2.3M Reduce -5.8%
CSCO Cisco Systems Inc. 1.04% 28,142 $2.2M Reduce -1.4%
HIG Hartford Insurance Group Inc. 1.02% 15,366 $2.1M Add +1.4%
LRCX Lam Research Corp. 0.99% 12,000 $2.1M No change
EFV iShares MSCI Eafe Value ETF 0.94% 27,297 $1.9M Add +0.5%
STX Seagate Technology Holdings 0.93% 7,000 $1.9M No change
GD General Dynamics Corp. 0.91% 5,593 $1.9M Add +0.9%
WFC Wells Fargo & Co. 0.88% 19,608 $1.8M Add +3.7%
GOOG Alphabet Inc. Class C 0.85% 5,621 $1.8M Reduce -8.4%
AMZN Amazon.com Inc. 0.83% 7,503 $1.7M Add +3.0%
IJR iShares Core S&P Small-Cap E 0.80% 13,796 $1.7M Add +5.1%
GS Goldman Sachs Group Inc. 0.80% 1,885 $1.7M Reduce -3.2%
IEMG iShares Core MSCI Emerging 0.79% 24,576 $1.7M No change
IWO iShares Russell 2000 Growth 0.77% 4,951 $1.6M Add +7.4%
ED Consolidated Edison Inc. 0.76% 16,003 $1.6M Add +5.3%
PG The Procter & Gamble Co. 0.76% 10,960 $1.6M Add +7.9%
XOM Exxon Mobil Corp. 0.75% 12,954 $1.6M Add +2.2%
T AT&T Inc. 0.75% 62,396 $1.5M Add +8.7%
RTX RTX Corp. 0.70% 7,936 $1.5M Reduce -2.2%
IUSG iShares Core S&P U.S. Growth 0.69% 8,533 $1.4M Reduce -4.3%
PLD Prologis Inc. 0.68% 11,131 $1.4M Add +0.9%
MCD McDonald's Corp. 0.64% 4,361 $1.3M Add +3.8%
VIG Vanguard Dividend Apprec ETF 0.63% 5,976 $1.3M Reduce -0.8%
IEFA iShares Core MSCI Eafe ETF 0.63% 14,620 $1.3M Add +1.2%
IUSV iShares Core S&P U.S. Value 0.62% 12,496 $1.3M Reduce -2.0%
NFLX Netflix Inc. 0.62% 13,666 $1.3M Add +4.9%
USRT iShares Core US REIT ETF 0.60% 21,826 $1.2M Reduce -3.4%
ADBE Adobe Inc. 0.60% 3,552 $1.2M Add +12.2%
GILD Gilead Sciences Inc. 0.60% 10,086 $1.2M Reduce -0.0%
COST Costco Wholesale Corp. 0.57% 1,378 $1.2M Add +18.1%
CVX Chevron Corp. 0.56% 7,652 $1.2M Add +1.5%
VZ Verizon Communications Inc. 0.53% 27,202 $1.1M Add +10.2%
V Visa Inc. Class A 0.53% 3,131 $1.1M Add +6.9%
TSLA Tesla Inc. 0.53% 2,429 $1.1M Reduce -2.7%
EFG iShares MSCI Eafe Growth ETF 0.52% 9,536 $1.1M No change
SDY SS SPDR S&P Dividend ETF 0.51% 7,690 $1.1M No change
ABBV Abbvie Inc. 0.50% 4,539 $1.0M Add +0.4%
WEC WEC Energy Group Inc. 0.49% 9,584 $1.0M No change
UNP Union Pacific Corp. 0.48% 4,314 $998K Add +6.4%
ROST Ross Stores Inc. 0.48% 5,523 $995K Add +0.3%
IWN iShares Russell 2000 Value E 0.48% 5,470 $991K Add +2.7%
PEP Pepsico Inc. 0.47% 6,867 $986K Add +2.7%
NEE Nextera Energy Inc. 0.47% 12,123 $973K Add +2.7%
CI The Cigna Group 0.46% 3,511 $966K No change
QCOM Qualcomm Inc. 0.46% 5,586 $955K Reduce -2.3%
UNH Unitedhealth Group Inc. 0.45% 2,805 $926K Add +24.2%
MDT Medtronic PLC 0.42% 9,130 $877K Add +3.9%
IBB iShares Biotechnology ETF 0.41% 5,082 $858K No change
DGRO iShares Core Dividend Growth 0.38% 11,521 $800K Add +0.0%
VYM Vanguard High DVD Yield ETF 0.38% 5,534 $794K Add +1.1%
ISRG Intuitive Surgical Inc. 0.38% 1,385 $784K Add +1.4%
DELL Dell Technologies -C 0.38% 6,231 $784K No change
BRK.B Berkshire Hathaway Inc. Class B 0.36% 1,499 $753K Add +6.7%
XLK SS Technology Select Sector 0.36% 5,228 $753K Add +1.0%
IJH iShares Core S&P Midcap ETF 0.35% 10,984 $725K Reduce -1.4%
GEV GE Vernova Inc. 0.35% 1,099 $718K No change
VEA Vanguard Ftse Developed ETF 0.32% 10,590 $662K Add +16.4%
XEL Xcel Energy Inc. 0.32% 8,954 $661K Add +1.6%
TMO Thermo Fisher Scientific Inc. 0.32% 1,137 $659K Add +1.9%
BLK BlackRock Inc. 0.31% 604 $646K Add +10.6%
IYH iShares U.S. Healthcare ETF 0.31% 9,915 $645K No change
CAT Caterpillar Inc. 0.30% 1,102 $631K Reduce -4.5%
HD Home Depot Inc. 0.30% 1,805 $621K Add +1.3%
DBP Invesco DB Precious Metals F 0.30% 5,970 $614K No change
XLF SS Financial Select Sector 0.29% 11,116 $609K Add +1.2%
CVS CVS Health Corp. 0.29% 7,624 $605K Reduce -3.1%
SNY Sanofi-ADR 0.28% 12,060 $584K Add +8.5%
DOW Dow Inc. 0.26% 23,260 $544K Reduce -25.5%
SLB SLB Ltd. filed as SLB LIMITED 0.26% 14,132 $542K Add +1.3%
CRM Salesforce Inc. 0.25% 1,999 $530K Add +7.8%
META Meta Platforms Inc. Class A 0.25% 801 $529K Add +9.6%
AEE Ameren Corporation 0.25% 5,282 $527K No change
MS Morgan Stanley 0.25% 2,933 $521K Add +0.4%
ENB Enbridge Inc. 0.24% 10,509 $503K Add +1.1%
DBC Invesco DB Commodity Index T 0.24% 22,130 $495K No change
EMR Emerson Electric Co. 0.23% 3,589 $476K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.23% 2,487 $475K Add +7.4%
APD Air Products & Chemicals Inc. 0.21% 1,804 $446K Add +6.2%
NSC Norfolk Southern Corp. 0.20% 1,475 $426K No change
DBA Invesco DB Agriculture Fund 0.20% 16,170 $413K Reduce -5.8%
SPTB SS SPDR P Treasury ETF 0.19% 13,072 $398K New
CMCSA Comcast Corp. Class A 0.19% 13,145 $393K Add +25.1%
AFL Aflac Inc. 0.19% 3,540 $390K No change
VTI VG Morningstar TS MKT ETF-US 0.18% 1,097 $368K Add +2.6%
ES Eversource Energy 0.18% 5,436 $366K No change
ALL Allstate Corp. 0.17% 1,748 $364K No change
GLD SPDR Gold Shares 0.17% 918 $364K Add +1.8%
IVV iShares Core S&P 500 ETF 0.17% 526 $360K No change
LECO Lincoln Electric Holdings 0.17% 1,500 $359K No change
SO The Southern Co. 0.17% 4,081 $356K No change
XLY SS Consumer Disc Select Sect 0.17% 2,916 $348K No change
MU Micron Technology Inc. 0.16% 1,200 $342K No change
XAR SS SPDR S&P Aerospace Def 0.16% 1,419 $342K No change
KIM Kimco Realty Corp. 0.16% 16,840 $341K Reduce -1.5%
SPG Simon Property Group Inc. 0.16% 1,779 $329K No change
GOOGL Alphabet Inc. Class A 0.16% 1,041 $326K Add +4.5%
DBB Invesco DB Base Metals Fund 0.16% 14,150 $325K No change
VWO Vanguard Ftse Emerging Marke 0.16% 6,035 $324K Add +9.0%
XLI SS Industrial Select Sector 0.15% 1,966 $305K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.14% 611 $298K Add +18.2%
XSD SS SPDR S&P Semiconductor 0.14% 882 $284K No change
FDX FedEx Corp. 0.12% 875 $253K No change
DBE Invesco DB Energy Fund 0.12% 14,400 $251K Reduce -7.4%
XNTK SS SPDR Nyse Tech ETF 0.12% 901 $250K No change
VB Vanguard Most SM-Cap ETF-Usd 0.11% 921 $238K New
XBI SS SPDR S&P Biotech ETF 0.11% 1,919 $234K New
VIOO Vanguard S&P Small-Cap 600 E 0.11% 2,056 $228K No change
KIE SS SPDR S&P Insurance ETF 0.11% 3,753 $226K No change
EFA iShares MSCI Eafe ETF 0.10% 2,274 $218K New
IXUS iShares Core Intl Stock ETF 0.10% 2,525 $214K No change
VNQ Vanguard Real Estate ETF 0.10% 2,405 $213K Add +6.8%
XLV SS Health Care Select Sector 0.10% 1,373 $213K New
CLX Clorox Company 0.10% 2,017 $203K No change

Portfolio Sells Q3 2025 → Q4 2025
NVDA Nvidia Corp. Reduce -1.5% 10.17% −0.78
MSFT Microsoft Corp. Reduce -0.3% 3.28% −0.45
QQQ Invesco QQQ Trust Series 1 Reduce -0.1% 4.56% −0.17
HDV iShares Core High Dividend E Reduce -4.2% 1.28% −0.15
PYPL PayPal Holdings Inc. Sold out 0.00% −0.11
DOW Dow Inc. Reduce -25.5% 0.26% −0.10
ESS Essex Property Trust Inc. Sold out 0.00% −0.10
AVGO Broadcom Inc. Reduce -5.8% 1.11% −0.08
USRT iShares Core US REIT ETF Reduce -3.4% 0.60% −0.08
JPM JPMorgan Chase & Co. Reduce -2.5% 1.19% −0.08
INTC Intel Corp. Reduce -8.3% 1.39% −0.07
GE General Electric Reduce -1.4% 1.22% −0.06
IUSG iShares Core S&P U.S. Growth Reduce -4.3% 0.69% −0.06
TSLA Tesla Inc. Reduce -2.7% 0.53% −0.04
DBA Invesco DB Agriculture Fund Reduce -5.8% 0.20% −0.04
IUSV iShares Core S&P U.S. Value Reduce -2.0% 0.62% −0.03
VIG Vanguard Dividend Apprec ETF Reduce -0.8% 0.63% −0.03
DBE Invesco DB Energy Fund Reduce -7.4% 0.12% −0.03
KIM Kimco Realty Corp. Reduce -1.5% 0.16% −0.03
QCOM Qualcomm Inc. Reduce -2.3% 0.46% −0.03
IJH iShares Core S&P Midcap ETF Reduce -1.4% 0.35% −0.02
CVS CVS Health Corp. Reduce -3.1% 0.29% −0.01
GS Goldman Sachs Group Inc. Reduce -3.2% 0.80% +0.01
RTX RTX Corp. Reduce -2.2% 0.70% +0.01
AAPL Apple Inc. Reduce -0.1% 3.36% +0.02
CAT Caterpillar Inc. Reduce -4.5% 0.30% +0.02
GILD Gilead Sciences Inc. Reduce -0.0% 0.60% +0.02
CSCO Cisco Systems Inc. Reduce -1.4% 1.04% +0.05
JNJ Johnson & Johnson Reduce -0.6% 1.25% +0.06
C Citigroup Inc. Reduce -1.4% 1.19% +0.08
GOOG Alphabet Inc. Class C Reduce -8.4% 0.85% +0.09
AMAT Applied Materials Inc. Reduce -0.8% 1.13% +0.17

Portfolio Buys Q3 2025 → Q4 2025
IWV iShares Russell 3000 ETF New 1.20% +1.20
SPTB SS SPDR P Treasury ETF New 0.19% +0.19
IWF iShares Russell 1000 Growth Add +7.6% 6.88% +0.17
IWD iShares Russell 1000 Value E Add +7.2% 3.05% +0.13
VB Vanguard Most SM-Cap ETF-Usd New 0.11% +0.11
XBI SS SPDR S&P Biotech ETF New 0.11% +0.11
EFA iShares MSCI Eafe ETF New 0.10% +0.10
XLV SS Health Care Select Sector New 0.10% +0.10
AMGN Amgen Inc. Add +0.6% 1.11% +0.10
SPGI S&P Global Inc. Add +5.6% 1.24% +0.08
AGG iShares Core U.S. Aggregate Add +11.4% 1.68% +0.08
WFC Wells Fargo & Co. Add +3.7% 0.88% +0.07
ISRG Intuitive Surgical Inc. Add +1.4% 0.38% +0.07
ROST Ross Stores Inc. Add +0.3% 0.48% +0.05
UNH Unitedhealth Group Inc. Add +24.2% 0.45% +0.05
TMO Thermo Fisher Scientific Inc. Add +1.9% 0.32% +0.04
VEA Vanguard Ftse Developed ETF Add +16.4% 0.32% +0.04
PLD Prologis Inc. Add +0.9% 0.68% +0.04
GOOGL Alphabet Inc. Class A Add +4.5% 0.16% +0.03
WMT Walmart Inc. Add +0.7% 1.22% +0.03
CRM Salesforce Inc. Add +7.8% 0.25% +0.03
ADBE Adobe Inc. Add +12.2% 0.60% +0.03
XOM Exxon Mobil Corp. Add +2.2% 0.75% +0.02
COST Costco Wholesale Corp. Add +18.1% 0.57% +0.02
CMCSA Comcast Corp. Class A Add +25.1% 0.19% +0.02
V Visa Inc. Class A Add +6.9% 0.53% +0.02
AMZN Amazon.com Inc. Add +3.0% 0.83% +0.02
IWO iShares Russell 2000 Growth Add +7.4% 0.77% +0.02
VUG Vanguard Mrngstar GR ETF-Sui Add +18.2% 0.14% +0.02
SLB SLB Ltd. Add +1.3% 0.26% +0.02
BAC Bank of America Corp. Add +0.3% 1.62% +0.02
NEE Nextera Energy Inc. Add +2.7% 0.47% +0.01
MS Morgan Stanley Add +0.4% 0.25% +0.01
SNY Sanofi-ADR Add +8.5% 0.28% +0.01
GLD SPDR Gold Shares Add +1.8% 0.17% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +7.4% 0.23% +0.01
VWO Vanguard Ftse Emerging Marke Add +9.0% 0.16% +0.00
IJR iShares Core S&P Small-Cap E Add +5.1% 0.80% +0.00
BRK.B Berkshire Hathaway Inc. Class B Add +6.7% 0.36% +0.00
EFV iShares MSCI Eafe Value ETF Add +0.5% 0.94% −0.00
VTI VG Morningstar TS MKT ETF-US Add +2.6% 0.18% −0.00
VNQ Vanguard Real Estate ETF Add +6.8% 0.10% −0.00
IWN iShares Russell 2000 Value E Add +2.7% 0.48% −0.00
PEP Pepsico Inc. Add +2.7% 0.47% −0.00
MDT Medtronic PLC Add +3.9% 0.42% −0.00
UNP Union Pacific Corp. Add +6.4% 0.48% −0.01
XLF SS Financial Select Sector Add +1.2% 0.29% −0.01
XLK SS Technology Select Sector Add +1.0% 0.36% −0.01
MCD McDonald's Corp. Add +3.8% 0.64% −0.01
VYM Vanguard High DVD Yield ETF Add +1.1% 0.38% −0.01

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