Ames National Corp.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Ames National Corp. reported 66 stock positions worth $170.8 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 25.0% of the portfolio, followed by Vanguard Short-Term Bond ETF (BSV, 6.9%) and Vanguard Total Bond Market (BND, 6.7%). Compared with Q3 2025, it opened 2 new positions, sold out of 5, added to 11 and reduced 35. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +6%) and the biggest sale Microsoft (MSFT, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- AMES, IA
- CIK
- 0001132651
- Portfolio Value
- $170.8M (Q4 2025)
- SEC Filing
- 0001437749-26-004091 ↗ filed Feb 13, 2026
Holdings Value
Holdings 66 stocks · $170.8M
| IVV iShares Core S&P 500 ETF | 24.96% | 62,254 | $42.6M | Add +6.1% |
| BSV Vanguard Short-Term Bond ETF | 6.93% | 150,086 | $11.8M | Add +4.1% |
| BND Vanguard Total Bond Market | 6.69% | 154,369 | $11.4M | Add +5.6% |
| AGG iShares Core U.S. Aggregate | 6.66% | 113,858 | $11.4M | Add +5.6% |
| MSFT Microsoft Corp. | 4.47% | 15,783 | $7.6M | Reduce -6.2% |
| VXUS Vanguard Total Intl Stock | 3.47% | 78,640 | $5.9M | Add +0.4% |
| IWR iShares Russell Mid-Cap ETF | 3.10% | 55,062 | $5.3M | Reduce -5.4% |
| AAPL Apple Inc. | 2.81% | 17,681 | $4.8M | Reduce -2.5% |
| VTIP Vanguard Short-Term Tips | 2.62% | 90,564 | $4.5M | Add +3.8% |
| IWM iShares Russell 2000 ETF | 2.32% | 16,122 | $4.0M | Reduce -6.4% |
| IJH iShares Core S&P Midcap ETF | 2.14% | 55,355 | $3.7M | Add +9.8% |
| XLK SS Technology Select Sector | 2.06% | 24,490 | $3.5M | Reduce -8.1% |
| VTI VG Morningstar TS MKT ETF-US | 2.01% | 10,230 | $3.4M | Reduce -0.4% |
| GOEPPINGER ENTERPRISES INC | 2.00% | 1,202 | $3.4M | No change |
| GOOG Alphabet Inc. Class C | 1.78% | 9,685 | $3.0M | Reduce -12.9% |
| HD Home Depot Inc. | 1.63% | 8,074 | $2.8M | Reduce -0.8% |
| JNJ Johnson & Johnson | 1.49% | 12,295 | $2.5M | Reduce -6.1% |
| JPM JPMorgan Chase & Co. | 1.46% | 7,730 | $2.5M | Reduce -6.8% |
| IJR iShares Core S&P Small-Cap E | 1.43% | 20,276 | $2.4M | Add +11.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.38% | 4,674 | $2.3M | No change |
| TRV The Travelers Cos Inc. | 1.03% | 6,052 | $1.8M | Reduce -5.3% |
| ADP Automatic Data Processing | 0.90% | 5,953 | $1.5M | Reduce -1.2% |
| LNT Alliant Energy Corp. | 0.85% | 22,418 | $1.5M | Add +423.2% |
| MCD McDonald's Corp. | 0.80% | 4,455 | $1.4M | Reduce -14.9% |
| CVX Chevron Corp. | 0.80% | 8,932 | $1.4M | Reduce -4.6% |
| ATLO Ames National Corp. | 0.79% | 58,557 | $1.3M | Reduce -34.3% |
| PG The Procter & Gamble Co. | 0.78% | 9,302 | $1.3M | Reduce -5.9% |
| UNP Union Pacific Corp. | 0.75% | 5,512 | $1.3M | Reduce -7.9% |
| XOM Exxon Mobil Corp. | 0.62% | 8,765 | $1.1M | Reduce -3.4% |
| T AT&T Inc. | 0.61% | 41,737 | $1.0M | No change |
| WFC Wells Fargo & Co. | 0.60% | 11,000 | $1.0M | Reduce -1.2% |
| CSCO Cisco Systems Inc. | 0.57% | 12,606 | $971K | Reduce -14.0% |
| WMT Walmart Inc. | 0.55% | 8,423 | $938K | Reduce -13.0% |
| GOOGL Alphabet Inc. Class A | 0.52% | 2,863 | $896K | No change |
| MRK Merck & Co. Inc. | 0.50% | 8,104 | $853K | Reduce -13.0% |
| V Visa Inc. Class A | 0.40% | 1,940 | $680K | Reduce -4.2% |
| VOO Vanguard S&P 500 ETF | 0.39% | 1,070 | $671K | Add +2.4% |
| CASY Casey's General Stores Inc. | 0.39% | 1,200 | $663K | No change |
| BLK BlackRock Inc. | 0.38% | 614 | $657K | Reduce -16.9% |
| NSC Norfolk Southern Corp. | 0.37% | 2,200 | $635K | No change |
| BX Blackstone Inc. | 0.35% | 3,900 | $601K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.35% | 878 | $599K | No change |
| GD General Dynamics Corp. | 0.35% | 1,762 | $593K | Reduce -9.7% |
| QCOM Qualcomm Inc. | 0.34% | 3,414 | $584K | Reduce -19.9% |
| VYM Vanguard High DVD Yield ETF | 0.33% | 3,955 | $568K | Add +16.3% |
| VZ Verizon Communications Inc. | 0.32% | 13,257 | $540K | Reduce -9.0% |
| UNH Unitedhealth Group Inc. | 0.30% | 1,549 | $511K | Reduce -17.6% |
| PPG PPG Industries Inc. | 0.27% | 4,570 | $468K | No change |
| PEP Pepsico Inc. | 0.25% | 3,025 | $434K | Reduce -4.6% |
| AFL Aflac Inc. | 0.25% | 3,885 | $428K | No change |
| RTX RTX Corp. | 0.24% | 2,228 | $409K | Reduce -2.2% |
| NKE Nike Inc. Class B | 0.23% | 6,118 | $390K | No change |
| PFE Pfizer Inc. | 0.22% | 15,233 | $379K | Reduce -5.8% |
| SYY Sysco Corp. | 0.21% | 4,895 | $361K | No change |
| PFF iShares Preferred & Income S | 0.21% | 11,625 | $360K | Reduce -28.8% |
| COP Conocophillips | 0.21% | 3,787 | $355K | No change |
| KO The Coca-Cola Co. | 0.20% | 4,797 | $335K | No change |
| ABBV Abbvie Inc. | 0.20% | 1,465 | $335K | No change |
| APD Air Products & Chemicals Inc. | 0.19% | 1,285 | $317K | No change |
| DE Deere & Co. | 0.18% | 645 | $300K | Reduce -26.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.17% | 2,572 | $293K | Reduce -16.6% |
| ABT Abbott Laboratories | 0.17% | 2,325 | $291K | No change |
| VEA Vanguard Ftse Developed ETF | 0.13% | 3,649 | $228K | Reduce -1.0% |
| CAT Caterpillar Inc. | 0.13% | 383 | $219K | New |
| DNP DNP Select Income Fund Inc. | 0.11% | 18,000 | $180K | No change |
| COF Capital One Financial Corp. | 0.09% | 647 | $157K | New |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -6.2% | 4.47% | −0.70 |
| HD Home Depot Inc. | Reduce -0.8% | 1.63% | −0.33 |
| ATLO Ames National Corp. | Reduce -34.3% | 0.79% | −0.28 |
| IWR iShares Russell Mid-Cap ETF | Reduce -5.4% | 3.10% | −0.23 |
| XLK SS Technology Select Sector | Reduce -8.1% | 2.06% | −0.17 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.16 |
| ADP Automatic Data Processing | Reduce -1.2% | 0.90% | −0.15 |
| IWM iShares Russell 2000 ETF | Reduce -6.4% | 2.32% | −0.15 |
| MCD McDonald's Corp. | Reduce -14.9% | 0.80% | −0.15 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.14 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.13 |
| BLK BlackRock Inc. | Reduce -16.9% | 0.38% | −0.13 |
| PG The Procter & Gamble Co. | Reduce -5.9% | 0.78% | −0.12 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.12 |
| PFF iShares Preferred & Income S | Reduce -28.8% | 0.21% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -6.8% | 1.46% | −0.10 |
| UNP Union Pacific Corp. | Reduce -7.9% | 0.75% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -17.6% | 0.30% | −0.09 |
| QCOM Qualcomm Inc. | Reduce -19.9% | 0.34% | −0.08 |
| CVX Chevron Corp. | Reduce -4.6% | 0.80% | −0.07 |
| VZ Verizon Communications Inc. | Reduce -9.0% | 0.32% | −0.06 |
| DE Deere & Co. | Reduce -26.1% | 0.18% | −0.06 |
| DOW Dow Inc. | Sold out | 0.00% | −0.05 |
| GD General Dynamics Corp. | Reduce -9.7% | 0.35% | −0.05 |
| WMT Walmart Inc. | Reduce -13.0% | 0.55% | −0.04 |
| DIS The Walt Disney Co. | Reduce -16.6% | 0.17% | −0.04 |
| TRV The Travelers Cos Inc. | Reduce -5.3% | 1.03% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -14.0% | 0.57% | −0.03 |
| PFE Pfizer Inc. | Reduce -5.8% | 0.22% | −0.02 |
| V Visa Inc. Class A | Reduce -4.2% | 0.40% | −0.01 |
| PEP Pepsico Inc. | Reduce -4.6% | 0.25% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.0% | 0.13% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.4% | 2.01% | +0.01 |
| XOM Exxon Mobil Corp. | Reduce -3.4% | 0.62% | +0.01 |
| RTX RTX Corp. | Reduce -2.2% | 0.24% | +0.01 |
| MRK Merck & Co. Inc. | Reduce -13.0% | 0.50% | +0.04 |
| WFC Wells Fargo & Co. | Reduce -1.2% | 0.60% | +0.05 |
| JNJ Johnson & Johnson | Reduce -6.1% | 1.49% | +0.05 |
| AAPL Apple Inc. | Reduce -2.5% | 2.81% | +0.07 |
| GOOG Alphabet Inc. Class C | Reduce -12.9% | 1.78% | +0.17 |
Portfolio Buys Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Add +6.1% | 24.96% | +1.64 |
| LNT Alliant Energy Corp. | Add +423.2% | 0.85% | +0.68 |
| AGG iShares Core U.S. Aggregate | Add +5.6% | 6.66% | +0.24 |
| BND Vanguard Total Bond Market | Add +5.6% | 6.69% | +0.24 |
| IJH iShares Core S&P Midcap ETF | Add +9.8% | 2.14% | +0.19 |
| BSV Vanguard Short-Term Bond ETF | Add +4.1% | 6.93% | +0.17 |
| IJR iShares Core S&P Small-Cap E | Add +11.2% | 1.43% | +0.14 |
| CAT Caterpillar Inc. | New | 0.13% | +0.13 |
| COF Capital One Financial Corp. | New | 0.09% | +0.09 |
| VXUS Vanguard Total Intl Stock | Add +0.4% | 3.47% | +0.06 |
| VYM Vanguard High DVD Yield ETF | Add +16.3% | 0.33% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +2.4% | 0.39% | +0.01 |
| VTIP Vanguard Short-Term Tips | Add +3.8% | 2.62% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 69 | $181.8M | IVV, BSV, BND, AGG, VXUS |
| Q1 2026 | 67 | $166.6M | IVV, BSV, BND, AGG, VXUS |
| Q4 2025 | 66 | $170.8M | IVV, BSV, BND, AGG, MSFT |
| Q3 2025 | 69 | $168.4M | IVV, BSV, BND, AGG, MSFT |
| Q2 2025 | 65 | $154.6M | IVV, BSV, BND, AGG, MSFT |
| Q1 2025 | 62 | $149.0M | IVV, BSV, BND, AGG, MSFT |
| Q4 2024 | 68 | $148.5M | IVV, BSV, AGG, BND, MSFT |