American State Bank (Iowa)

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 14, 2026), American State Bank (Iowa) reported 136 stock positions worth $208.2 million. Its top holding was Nvidia (NVDA) at 9.4% of the portfolio, followed by iShares Russell 1000 Growth (IWF, 6.8%) and Invesco QQQ Trust Series 1 (QQQ, 4.3%). Compared with Q4 2025, it opened 3 new positions, sold out of 3, added to 74 and reduced 29. The biggest buy was Applied Materials (AMAT, shares +1%) and the biggest sale Nvidia (NVDA, shares −1%).

Most Recent 13F
Q2 2026
Location
SIOUX CENTER, IA
CIK
0002122473
Portfolio Value
$208.2M (Q1 2026)
SEC Filing
0002122473-26-000023 ↗ 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 Q4 2025 Q1 2026: $208.2M $208.2M Q1 2026 Q2 2026: $246.5M Q2 2026

Holdings 136 stocks · $208.2M
NVDA Nvidia Corp. 9.37% 111,850 $19.5M Reduce -1.3%
IWF iShares Russell 1000 Growth 6.77% 33,076 $14.1M Add +9.5%
QQQ Invesco QQQ Trust Series 1 4.28% 15,429 $8.9M Reduce -0.1%
IWD iShares Russell 1000 Value E 3.30% 32,148 $6.9M Add +6.5%
AAPL Apple Inc. 3.01% 24,682 $6.3M Reduce -3.9%
MSFT Microsoft Corp. 2.54% 14,303 $5.3M Add +1.3%
SPY SS SPDR S&P 500 ETF Trust-US 2.03% 6,507 $4.2M Reduce -0.0%
INTC Intel Corp. 1.68% 79,231 $3.5M Add +1.2%
AMAT Applied Materials Inc. 1.52% 9,235 $3.2M Add +0.5%
JNJ Johnson & Johnson 1.48% 12,634 $3.1M Add +0.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.47% 62,684 $3.1M Add +2.1%
WM Waste Management Inc. 1.42% 12,822 $2.9M Add +0.7%
HDV iShares Core High Dividend E 1.40% 21,418 $2.9M Reduce -2.3%
WMT Walmart Inc. 1.37% 23,010 $2.9M Add +0.9%
AGG iShares Core U.S. Aggregate 1.35% 28,365 $2.8M Reduce -18.9%
STX Seagate Technology Holdings 1.32% 7,000 $2.7M No change
LRCX Lam Research Corp. 1.23% 12,000 $2.6M No change
AMGN Amgen Inc. 1.21% 7,160 $2.5M Add +1.6%
C Citigroup Inc. 1.17% 21,471 $2.4M Add +0.9%
IWV iShares Russell 3000 ETF 1.15% 6,471 $2.4M No change
GE General Electric filed as GE AEROSPACE 1.13% 8,308 $2.4M Add +1.1%
BA The Boeing Co. 1.12% 11,668 $2.3M Add +2.7%
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 1.11% 4,992 $2.3M No change
JPM JPMorgan Chase & Co. 1.10% 7,766 $2.3M Add +0.8%
XOM Exxon Mobil Corp. 1.06% 13,021 $2.2M Add +0.5%
CSCO Cisco Systems Inc. 1.06% 28,396 $2.2M Add +0.9%
SPGI S&P Global Inc. 1.03% 5,019 $2.1M Add +2.0%
HIG Hartford Insurance Group Inc. 1.00% 15,472 $2.1M Add +0.7%
AVGO Broadcom Inc. 1.00% 6,724 $2.1M Add +1.2%
EFV iShares MSCI Eafe Value ETF 0.98% 27,435 $2.0M Add +0.5%
GD General Dynamics Corp. 0.91% 5,518 $1.9M Reduce -1.3%
T AT&T Inc. 0.89% 63,863 $1.9M Add +2.4%
ED Consolidated Edison Inc. 0.88% 16,213 $1.8M Add +1.3%
IEMG iShares Core MSCI Emerging 0.81% 24,108 $1.7M Reduce -1.9%
GOOG Alphabet Inc. Class C 0.80% 5,842 $1.7M Add +3.9%
WFC Wells Fargo & Co. 0.80% 20,824 $1.7M Add +6.2%
PG The Procter & Gamble Co. 0.79% 11,406 $1.6M Add +4.1%
IWO iShares Russell 2000 Growth 0.78% 5,192 $1.6M Add +4.9%
AMZN Amazon.com Inc. 0.77% 7,711 $1.6M Add +2.8%
GS Goldman Sachs Group Inc. 0.77% 1,897 $1.6M Add +0.6%
CVX Chevron Corp. 0.77% 7,745 $1.6M Add +1.2%
IJR iShares Core S&P Small-Cap E 0.76% 12,791 $1.6M Reduce -7.3%
RTX RTX Corp. 0.74% 7,936 $1.5M No change
PLD Prologis Inc. 0.71% 11,256 $1.5M Add +1.1%
VZ Verizon Communications Inc. 0.70% 28,912 $1.5M Add +6.3%
GILD Gilead Sciences Inc. 0.69% 10,246 $1.4M Add +1.6%
COST Costco Wholesale Corp. 0.68% 1,425 $1.4M Add +3.4%
MCD McDonald's Corp. 0.66% 4,449 $1.4M Add +2.0%
NFLX Netflix Inc. 0.65% 14,023 $1.3M Add +2.6%
IEFA iShares Core MSCI Eafe ETF 0.64% 14,610 $1.3M Reduce -0.1%
VIG Vanguard Dividend Apprec ETF 0.62% 6,020 $1.3M Add +0.7%
IUSG iShares Core S&P U.S. Growth 0.59% 7,911 $1.2M Reduce -7.3%
IUSV iShares Core S&P U.S. Value 0.59% 11,996 $1.2M Reduce -4.0%
ROST Ross Stores Inc. 0.58% 5,588 $1.2M Add +1.2%
USRT iShares Core US REIT ETF 0.56% 19,652 $1.2M Reduce -10.0%
NEE Nextera Energy Inc. 0.55% 12,407 $1.2M Add +2.3%
SDY SS SPDR S&P Dividend ETF 0.54% 7,690 $1.1M No change
WEC WEC Energy Group Inc. 0.53% 9,584 $1.1M No change
PEP Pepsico Inc. 0.53% 7,071 $1.1M Add +3.0%
UNP Union Pacific Corp. 0.52% 4,434 $1.1M Add +2.8%
EFG iShares MSCI Eafe Growth ETF 0.51% 9,621 $1.1M Add +0.9%
IWN iShares Russell 2000 Value E 0.51% 5,547 $1.1M Add +1.4%
DOW Dow Inc. filed as DOW HLDGS INC 0.49% 24,606 $1.0M Add +5.8%
DELL Dell Technologies -C 0.49% 6,231 $1.0M No change
V Visa Inc. Class A 0.49% 3,366 $1.0M Add +7.5%
ABBV Abbvie Inc. 0.48% 4,581 $996K Add +0.9%
GEV GE Vernova Inc. 0.46% 1,099 $959K No change
CI The Cigna Group 0.45% 3,511 $937K No change
TSLA Tesla Inc. 0.45% 2,498 $929K Add +2.8%
ADBE Adobe Inc. 0.42% 3,634 $883K Add +2.3%
IBB iShares Biotechnology ETF 0.41% 5,082 $858K No change
UNH Unitedhealth Group Inc. 0.41% 3,139 $849K Add +11.9%
BRK.B Berkshire Hathaway Inc. Class B 0.41% 1,769 $848K Add +18.0%
DGRO iShares Core Dividend Growth 0.41% 12,037 $845K Add +4.5%
VEA Vanguard Ftse Developed ETF 0.40% 12,905 $827K Add +21.9%
MDT Medtronic PLC 0.39% 9,418 $816K Add +3.1%
VYM Vanguard High DVD Yield ETF 0.39% 5,473 $811K Reduce -1.1%
CAT Caterpillar Inc. 0.38% 1,108 $785K Add +0.5%
QCOM Qualcomm Inc. 0.35% 5,679 $731K Add +1.7%
SLB SLB Ltd. filed as SLB LIMITED 0.35% 14,213 $730K Add +0.6%
XEL Xcel Energy Inc. 0.34% 8,954 $711K No change
ISRG Intuitive Surgical Inc. 0.32% 1,447 $667K Add +4.5%
DBP Invesco DB Precious Metals F 0.32% 5,970 $657K No change
IJH iShares Core S&P Midcap ETF 0.31% 9,705 $655K Reduce -11.6%
XLK SS Technology Select Sector 0.31% 4,807 $639K Reduce -8.1%
IYH iShares U.S. Healthcare ETF 0.29% 9,915 $611K No change
HD Home Depot Inc. 0.29% 1,823 $600K Add +1.0%
SNY Sanofi-ADR 0.29% 12,434 $599K Add +3.1%
BLK BlackRock Inc. 0.29% 618 $594K Add +2.3%
ENB Enbridge Inc. 0.28% 10,734 $581K Add +2.1%
AEE Ameren Corporation 0.28% 5,282 $581K No change
TMO Thermo Fisher Scientific Inc. 0.27% 1,160 $570K Add +2.0%
CVS CVS Health Corp. 0.27% 7,791 $560K Add +2.2%
APD Air Products & Chemicals Inc. 0.25% 1,813 $527K Add +0.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.25% 2,639 $518K Add +6.1%
XLF SS Financial Select Sector 0.23% 9,891 $488K Reduce -11.0%
MS Morgan Stanley 0.23% 2,922 $481K Reduce -0.4%
META Meta Platforms Inc. Class A 0.23% 835 $478K Add +4.2%
EMR Emerson Electric Co. 0.23% 3,589 $470K No change
SPTB SS SPDR P Treasury ETF 0.22% 15,432 $467K Add +18.1%
DBC Invesco DB Commodity Index T 0.21% 15,280 $442K Reduce -30.9%
DBA Invesco DB Agriculture Fund 0.21% 16,170 $442K No change
DBE Invesco DB Energy Fund 0.20% 14,400 $424K No change
NSC Norfolk Southern Corp. 0.20% 1,475 $423K No change
MU Micron Technology Inc. 0.19% 1,200 $405K No change
CRM Salesforce Inc. 0.19% 2,143 $400K Add +7.2%
CMCSA Comcast Corp. Class A 0.19% 13,924 $400K Add +5.9%
SO The Southern Co. 0.19% 4,081 $394K No change
AFL Aflac Inc. 0.19% 3,540 $388K No change
ES Eversource Energy 0.18% 5,436 $377K No change
KIM Kimco Realty Corp. 0.18% 16,638 $374K Reduce -1.2%
LECO Lincoln Electric Holdings 0.18% 1,500 $374K No change
ALL Allstate Corp. 0.17% 1,748 $362K No change
IVV iShares Core S&P 500 ETF 0.17% 526 $344K No change
VWO Vanguard Ftse Emerging Marke 0.16% 6,340 $343K Add +5.0%
DBB Invesco DB Base Metals Fund 0.16% 14,577 $343K Add +3.0%
VTI VG Morningstar TS MKT ETF-US 0.16% 1,057 $339K Reduce -3.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.16% 758 $331K Add +24.1%
SPG Simon Property Group Inc. 0.16% 1,737 $324K Reduce -2.4%
FDX FedEx Corp. 0.15% 875 $312K No change
GOOGL Alphabet Inc. Class A 0.14% 1,016 $292K Reduce -2.4%
XLY SS Consumer Disc Select Sect 0.13% 2,527 $275K Reduce -13.3%
VB Vanguard Most SM-Cap ETF-Usd 0.13% 1,024 $268K Add +11.2%
EFA iShares MSCI Eafe ETF 0.12% 2,584 $251K Add +13.6%
VIOO Vanguard S&P Small-Cap 600 E 0.11% 2,056 $236K No change
CASY Casey's General Stores Inc. 0.11% 318 $231K New
SPBO SS SPDR P Corp. Bond ETF 0.11% 7,900 $229K New
XLI SS Industrial Select Sector 0.11% 1,393 $225K Reduce -29.1%
IXUS iShares Core Intl Stock ETF 0.11% 2,525 $219K No change
DE Deere & Co. 0.10% 384 $216K New
VNQ Vanguard Real Estate ETF 0.10% 2,428 $215K Add +1.0%
XSD SS SPDR S&P Semiconductor 0.10% 649 $212K Reduce -26.4%
CLX Clorox Company 0.10% 2,017 $209K No change
XBI SS SPDR S&P Biotech ETF 0.10% 1,601 $204K Reduce -16.6%
XAR SS SPDR S&P Aerospace Def 0.10% 799 $203K Reduce -43.7%
GLD SPDR Gold Shares 0.10% 471 $203K Reduce -48.7%

Portfolio Sells Q4 2025 → Q1 2026
NVDA Nvidia Corp. Reduce -1.3% 9.37% −0.80
AAPL Apple Inc. Reduce -3.9% 3.01% −0.35
AGG iShares Core U.S. Aggregate Reduce -18.9% 1.35% −0.33
QQQ Invesco QQQ Trust Series 1 Reduce -0.1% 4.28% −0.28
XNTK SS SPDR Nyse Tech ETF Sold out 0.00% −0.12
KIE SS SPDR S&P Insurance ETF Sold out 0.00% −0.11
XLV SS Health Care Select Sector Sold out 0.00% −0.10
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.0% 2.03% −0.10
IUSG iShares Core S&P U.S. Growth Reduce -7.3% 0.59% −0.10
GLD SPDR Gold Shares Reduce -48.7% 0.10% −0.08
XAR SS SPDR S&P Aerospace Def Reduce -43.7% 0.10% −0.07
XLF SS Financial Select Sector Reduce -11.0% 0.23% −0.06
XLK SS Technology Select Sector Reduce -8.1% 0.31% −0.06
USRT iShares Core US REIT ETF Reduce -10.0% 0.56% −0.04
XLI SS Industrial Select Sector Reduce -29.1% 0.11% −0.04
XLY SS Consumer Disc Select Sect Reduce -13.3% 0.13% −0.04
XSD SS SPDR S&P Semiconductor Reduce -26.4% 0.10% −0.03
IJH iShares Core S&P Midcap ETF Reduce -11.6% 0.31% −0.03
IJR iShares Core S&P Small-Cap E Reduce -7.3% 0.76% −0.03
IUSV iShares Core S&P U.S. Value Reduce -4.0% 0.59% −0.03
DBC Invesco DB Commodity Index T Reduce -30.9% 0.21% −0.03
MS Morgan Stanley Reduce -0.4% 0.23% −0.02
GOOGL Alphabet Inc. Class A Reduce -2.4% 0.14% −0.02
XBI SS SPDR S&P Biotech ETF Reduce -16.6% 0.10% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -3.6% 0.16% −0.01
SPG Simon Property Group Inc. Reduce -2.4% 0.16% −0.00
GD General Dynamics Corp. Reduce -1.3% 0.91% +0.00
IEFA iShares Core MSCI Eafe ETF Reduce -0.1% 0.64% +0.01
VYM Vanguard High DVD Yield ETF Reduce -1.1% 0.39% +0.01
IEMG iShares Core MSCI Emerging Reduce -1.9% 0.81% +0.01
KIM Kimco Realty Corp. Reduce -1.2% 0.18% +0.02
HDV iShares Core High Dividend E Reduce -2.3% 1.40% +0.12

Portfolio Buys Q4 2025 → Q1 2026
AMAT Applied Materials Inc. Add +0.5% 1.52% +0.38
XOM Exxon Mobil Corp. Add +0.5% 1.06% +0.31
INTC Intel Corp. Add +1.2% 1.68% +0.29
IWD iShares Russell 1000 Value E Add +6.5% 3.30% +0.25
JNJ Johnson & Johnson Add +0.9% 1.48% +0.24
DOW Dow Inc. Add +5.8% 0.49% +0.23
CVX Chevron Corp. Add +1.2% 0.77% +0.21
VZ Verizon Communications Inc. Add +6.3% 0.70% +0.16
WMT Walmart Inc. Add +0.9% 1.37% +0.15
T AT&T Inc. Add +2.4% 0.89% +0.14
ED Consolidated Edison Inc. Add +1.3% 0.88% +0.12
CASY Casey's General Stores Inc. New 0.11% +0.11
COST Costco Wholesale Corp. Add +3.4% 0.68% +0.11
SPBO SS SPDR P Corp. Bond ETF New 0.11% +0.11
DE Deere & Co. New 0.10% +0.10
ROST Ross Stores Inc. Add +1.2% 0.58% +0.10
AMGN Amgen Inc. Add +1.6% 1.21% +0.10
GILD Gilead Sciences Inc. Add +1.6% 0.69% +0.09
SLB SLB Ltd. Add +0.6% 0.35% +0.09
NEE Nextera Energy Inc. Add +2.3% 0.55% +0.09
VEA Vanguard Ftse Developed ETF Add +21.9% 0.40% +0.08
CAT Caterpillar Inc. Add +0.5% 0.38% +0.07
WM Waste Management Inc. Add +0.7% 1.42% +0.07
PEP Pepsico Inc. Add +3.0% 0.53% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +18.0% 0.41% +0.04
EFV iShares MSCI Eafe Value ETF Add +0.5% 0.98% +0.04
APD Air Products & Chemicals Inc. Add +0.5% 0.25% +0.04
ENB Enbridge Inc. Add +2.1% 0.28% +0.04
UNP Union Pacific Corp. Add +2.8% 0.52% +0.04
PG The Procter & Gamble Co. Add +4.1% 0.79% +0.04
SPTB SS SPDR P Treasury ETF Add +18.1% 0.22% +0.03
NFLX Netflix Inc. Add +2.6% 0.65% +0.03
PLD Prologis Inc. Add +1.1% 0.71% +0.03
IWN iShares Russell 2000 Value E Add +1.4% 0.51% +0.03
MCD McDonald's Corp. Add +2.0% 0.66% +0.02
DGRO iShares Core Dividend Growth Add +4.5% 0.41% +0.02
VTV Vanguard Mrngstr Val ETF-Aui Add +6.1% 0.25% +0.02
CSCO Cisco Systems Inc. Add +0.9% 1.06% +0.02
VUG Vanguard Mrngstar GR ETF-Sui Add +24.1% 0.16% +0.02
EFA iShares MSCI Eafe ETF Add +13.6% 0.12% +0.02
VB Vanguard Most SM-Cap ETF-Usd Add +11.2% 0.13% +0.01
IWO iShares Russell 2000 Growth Add +4.9% 0.78% +0.01
VWO Vanguard Ftse Emerging Marke Add +5.0% 0.16% +0.01
DBB Invesco DB Base Metals Fund Add +3.0% 0.16% +0.01
SNY Sanofi-ADR Add +3.1% 0.29% +0.01
CMCSA Comcast Corp. Class A Add +5.9% 0.19% +0.00
VNQ Vanguard Real Estate ETF Add +1.0% 0.10% +0.00
EFG iShares MSCI Eafe Growth ETF Add +0.9% 0.51% −0.01
VIG Vanguard Dividend Apprec ETF Add +0.7% 0.62% −0.01
HD Home Depot Inc. Add +1.0% 0.29% −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