City State Bank
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 9, 2024), City State Bank reported 728 stock positions worth $244.9 million. Its top holding was Apple (AAPL) at 4.9% of the portfolio, followed by Vanguard Intermediate-Term B (BIV, 3.3%) and Vanguard Short-Term Bond ETF (BSV, 2.6%). Compared with Q1 2024, it opened 57 new positions, sold out of 41, added to 103 and reduced 157. The biggest buy was Dimensional Core Fixed (DFCF, shares +835%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- NORWALK, IA
- CIK
- 0001910666
- Portfolio Value
- $244.9M (Q2 2024)
- SEC Filing
- 0001910666-24-000004 ↗ filed Jul 9, 2024
Holdings Value
Holdings 728 stocks · $244.9M
| AAPL Apple Inc. | 4.87% | 56,631 | $11.9M | Reduce -0.7% |
| BIV Vanguard Intermediate-Term B | 3.27% | 107,081 | $8.0M | Add +23.4% |
| BSV Vanguard Short-Term Bond ETF | 2.60% | 83,164 | $6.4M | Add +5.7% |
| AGG iShares Core U.S. Aggregate | 2.46% | 62,150 | $6.0M | Add +16.9% |
| BNDX Vanguard Total Intl Bond ETF | 2.41% | 121,357 | $5.9M | Add +15.6% |
| MSFT Microsoft Corp. | 2.38% | 13,026 | $5.8M | Reduce -0.1% |
| STIP iShares 0-5 Year Tips Bond E | 2.31% | 56,827 | $5.7M | Add +1.2% |
| BND Vanguard Total Bond Market | 2.31% | 78,358 | $5.6M | Add +14.1% |
| VYM Vanguard High DVD Yield ETF | 2.30% | 47,537 | $5.6M | Add +2.7% |
| VWOB Vanguard Emerg MKTS Gov BND | 2.27% | 88,440 | $5.6M | Add +15.4% |
| VIG Vanguard Dividend Apprec ETF | 2.24% | 29,992 | $5.5M | Add +3.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.17% | 13,063 | $5.3M | Reduce -0.1% |
| NVDA Nvidia Corp. | 1.88% | 37,277 | $4.6M | Add +2.6% |
| DFAT Dimensional US Target Value | 1.69% | 79,985 | $4.1M | Add +7.8% |
| EBND State Street SPDR Bloomberg | 1.69% | 208,572 | $4.1M | Add +10.4% |
| LNT Alliant Energy Corp. | 1.48% | 71,147 | $3.6M | Add +0.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 1.25% | 59,880 | $3.1M | Add +45.4% |
| AMZN Amazon.com Inc. | 1.24% | 15,770 | $3.0M | Add +1.7% |
| LLY Eli Lilly & Co. | 1.19% | 3,229 | $2.9M | Reduce -0.5% |
| VFH Vanguard Financials ETF | 1.17% | 28,779 | $2.9M | Reduce -1.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.12% | 17,103 | $2.7M | Add +1.6% |
| DFCF Dimensional Core Fixed Inc. | 1.11% | 65,420 | $2.7M | Add +834.6% |
| GOOG Alphabet Inc. Class C | 1.03% | 13,787 | $2.5M | Add +2.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.93% | 6,087 | $2.3M | Add +2.9% |
| VHT Vanguard Health Care ETF | 0.89% | 8,218 | $2.2M | Add +2.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.89% | 4,010 | $2.2M | Reduce -1.0% |
| VMBS Vanguard Mortgage-Backed Sec | 0.89% | 48,037 | $2.2M | Reduce -6.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.85% | 8,627 | $2.1M | Add +6.6% |
| COST Costco Wholesale Corp. | 0.79% | 2,285 | $1.9M | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.79% | 13,217 | $1.9M | Add +8.4% |
| TIP iShares Tips Bond ETF | 0.79% | 18,074 | $1.9M | No change |
| DFAE Dimensional Emerging Core Eq | 0.76% | 72,219 | $1.9M | Add +9.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.76% | 10,139 | $1.9M | Reduce -1.2% |
| VWO Vanguard Ftse Emerging Marke | 0.75% | 42,164 | $1.8M | Add +3.7% |
| JPM JPMorgan Chase & Co. | 0.74% | 8,901 | $1.8M | Reduce -1.9% |
| ABBV Abbvie Inc. | 0.68% | 9,678 | $1.7M | Reduce -3.1% |
| VGT Vanguard Info Tech ETF | 0.67% | 2,840 | $1.6M | Reduce -0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.66% | 7,423 | $1.6M | Add +9.8% |
| HD Home Depot Inc. | 0.62% | 4,381 | $1.5M | Add +160.2% |
| MRK Merck & Co. Inc. | 0.61% | 12,104 | $1.5M | Reduce -0.4% |
| MU Micron Technology Inc. | 0.57% | 10,658 | $1.4M | Add +5.2% |
| RTX RTX Corp. | 0.56% | 13,741 | $1.4M | Reduce -1.7% |
| IAGG iShares Intl Aggregate Bond | 0.54% | 26,425 | $1.3M | Add +50.6% |
| CAT Caterpillar Inc. | 0.54% | 3,949 | $1.3M | Reduce -0.3% |
| DFSD Dimensional Short Duration | 0.50% | 26,285 | $1.2M | Add +425.7% |
| DFAC Dimensional US Core Equity 2 | 0.50% | 38,287 | $1.2M | Add +11.4% |
| VZ Verizon Communications Inc. | 0.49% | 29,384 | $1.2M | Reduce -14.4% |
| PFE Pfizer Inc. | 0.48% | 42,414 | $1.2M | Reduce -1.4% |
| DFAI Dimensional International Co. | 0.48% | 39,903 | $1.2M | Add +9.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.48% | 20,129 | $1.2M | No change |
| IBB iShares Biotechnology ETF | 0.48% | 8,495 | $1.2M | Reduce -0.2% |
| DE Deere & Co. | 0.47% | 3,073 | $1.1M | Reduce -0.2% |
| SPIP SS SPDR P Tips ETF | 0.46% | 44,755 | $1.1M | Reduce -1.3% |
| ADP Automatic Data Processing | 0.46% | 4,703 | $1.1M | Reduce -0.2% |
| KO The Coca-Cola Co. | 0.46% | 17,555 | $1.1M | Reduce -4.0% |
| FITB Fifth Third Bancorp | 0.45% | 30,373 | $1.1M | Reduce -3.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.45% | 6,275 | $1.1M | Add +7.4% |
| AMAT Applied Materials Inc. | 0.43% | 4,487 | $1.1M | No change |
| LOW Lowe's Cos Inc. | 0.42% | 4,649 | $1.0M | Reduce -0.6% |
| DFIV Dimensional International Va | 0.41% | 27,983 | $1.0M | Add +36.9% |
| EMB iShares JP Morgan Usd Emergi | 0.39% | 10,845 | $960K | Add +0.7% |
| NEE Nextera Energy Inc. | 0.38% | 13,237 | $937K | Reduce -8.8% |
| PG The Procter & Gamble Co. | 0.38% | 5,663 | $934K | Reduce -2.0% |
| CVX Chevron Corp. | 0.37% | 5,867 | $918K | Reduce -3.0% |
| LMT Lockheed Martin Corp. | 0.37% | 1,937 | $905K | Add +1.7% |
| WMT Walmart Inc. | 0.36% | 12,921 | $875K | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 0.35% | 1,720 | $867K | Reduce -0.6% |
| BABA Alibaba Group Holding-SP ADR | 0.34% | 11,561 | $832K | No change |
| VEA Vanguard Ftse Developed ETF | 0.34% | 16,767 | $829K | Add +9.9% |
| UNH Unitedhealth Group Inc. | 0.33% | 1,605 | $817K | Add +1.6% |
| VOO Vanguard S&P 500 ETF | 0.32% | 1,591 | $796K | Add +5.4% |
| VPU Vanguard Utilities ETF | 0.32% | 5,376 | $795K | Reduce -1.6% |
| QQQM Invesco Nasdaq 100 ETF | 0.31% | 3,890 | $767K | Add +6.3% |
| VAW Vanguard Materials ETF | 0.31% | 3,934 | $758K | Reduce -4.3% |
| AMGN Amgen Inc. | 0.31% | 2,415 | $755K | Reduce -2.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.30% | 6,910 | $740K | No change |
| XOM Exxon Mobil Corp. | 0.29% | 6,220 | $716K | Add +1.6% |
| SPEM State Street SP PTF Em ETF | 0.29% | 18,986 | $715K | Add +2.0% |
| HON Honeywell International Inc. | 0.29% | 3,312 | $707K | No change |
| PFF iShares Preferred & Income S | 0.29% | 22,415 | $707K | No change |
| TXN Texas Instruments Inc. | 0.29% | 3,606 | $701K | Reduce -0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 4,003 | $692K | Reduce -7.0% |
| VIS Vanguard Industrials ETF | 0.28% | 2,937 | $691K | Add +3.0% |
| CB Chubb Ltd. | 0.28% | 2,651 | $676K | Reduce -0.1% |
| PFG Principal Financial Group | 0.27% | 8,562 | $672K | Add +4.2% |
| NTAP Netapp Inc. | 0.27% | 5,065 | $652K | Reduce -6.5% |
| UPS United Parcel Service Class B | 0.26% | 4,620 | $632K | No change |
| CRM Salesforce Inc. | 0.26% | 2,433 | $626K | Add +125.5% |
| MDT Medtronic PLC | 0.25% | 7,855 | $618K | Reduce -3.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 15,487 | $616K | Reduce -2.8% |
| CASY Casey's General Stores Inc. | 0.25% | 1,596 | $609K | Add +10.4% |
| SNOW Snowflake Inc. | 0.24% | 4,399 | $594K | Add +29.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.24% | 2,360 | $589K | Reduce -5.0% |
| V Visa Inc. Class A | 0.24% | 2,225 | $584K | Add +0.6% |
| MCD McDonald's Corp. | 0.24% | 2,274 | $580K | Add +23.3% |
| UNP Union Pacific Corp. | 0.23% | 2,530 | $572K | Add +2.0% |
| IVV iShares Core S&P 500 ETF | 0.23% | 1,021 | $559K | Add +1.0% |
| SO The Southern Co. | 0.22% | 7,027 | $545K | Reduce -0.7% |
| TSLA Tesla Inc. | 0.22% | 2,730 | $540K | Add +119.3% |
| GS Goldman Sachs Group Inc. | 0.22% | 1,194 | $540K | Add +0.9% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $4K (not counted above)
Total filed on the 13F, all lines: $244.9M.
Portfolio Sells Q1 2024 → Q2 2024
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 2.17% | −0.26 |
| VFH Vanguard Financials ETF | Reduce -1.5% | 1.17% | −0.15 |
| VZ Verizon Communications Inc. | Reduce -14.4% | 0.49% | −0.14 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -6.1% | 0.89% | −0.14 |
| ABBV Abbvie Inc. | Reduce -3.1% | 0.68% | −0.13 |
| BMY Bristol-Myers Squibb Co. | Reduce -18.6% | 0.16% | −0.12 |
| DVN Devon Energy Corp. | Reduce -46.7% | 0.10% | −0.12 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -1.2% | 0.76% | −0.11 |
| GSK GSK PLC-Spon ADR | Reduce -87.9% | 0.01% | −0.11 |
| LOW Lowe's Cos Inc. | Reduce -0.6% | 0.42% | −0.11 |
| CAT Caterpillar Inc. | Reduce -0.3% | 0.54% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -0.4% | 0.61% | −0.10 |
| DE Deere & Co. | Reduce -0.2% | 0.47% | −0.09 |
| IBM Intl Business Machines Corp. | Reduce -7.0% | 0.28% | −0.08 |
| INTC Intel Corp. | Reduce -13.0% | 0.10% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -1.9% | 0.74% | −0.07 |
| FITB Fifth Third Bancorp | Reduce -3.6% | 0.45% | −0.07 |
| VAW Vanguard Materials ETF | Reduce -4.3% | 0.31% | −0.06 |
| ADP Automatic Data Processing | Reduce -0.2% | 0.46% | −0.06 |
| MDT Medtronic PLC | Reduce -3.3% | 0.25% | −0.06 |
| SBUX Starbucks Corp. | Reduce -0.8% | 0.20% | −0.06 |
| USB US Bancorp | Reduce -9.8% | 0.15% | −0.05 |
| MRO Marathon Oil Corp. | Reduce -93.7% | 0.00% | −0.05 |
| SPIP SS SPDR P Tips ETF | Reduce -1.3% | 0.46% | −0.05 |
| CVX Chevron Corp. | Reduce -3.0% | 0.37% | −0.05 |
| MSFT Microsoft Corp. | Reduce -0.1% | 2.38% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.0% | 0.89% | −0.04 |
| SRTA Strata Critical Medical Inc. | Sold out | 0.00% | −0.04 |
| TRV The Travelers Cos Inc. | Reduce -0.4% | 0.19% | −0.04 |
| PFE Pfizer Inc. | Reduce -1.4% | 0.48% | −0.04 |
| IBB iShares Biotechnology ETF | Reduce -0.2% | 0.48% | −0.04 |
| ABT Abbott Laboratories | Reduce -1.6% | 0.19% | −0.04 |
| RTX RTX Corp. | Reduce -1.7% | 0.56% | −0.04 |
| DIS The Walt Disney Co. | Reduce -10.8% | 0.08% | −0.04 |
| KO The Coca-Cola Co. | Reduce -4.0% | 0.46% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -2.9% | 0.18% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -2.0% | 0.38% | −0.03 |
| ED Consolidated Edison Inc. | Reduce -8.0% | 0.15% | −0.03 |
| COP Conocophillips | Reduce -0.2% | 0.14% | −0.03 |
| CB Chubb Ltd. | Reduce -0.1% | 0.28% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -8.8% | 0.38% | −0.03 |
| F Ford Motor Co. | Reduce -0.8% | 0.16% | −0.02 |
| CI The Cigna Group | Reduce -0.5% | 0.12% | −0.02 |
| NTR Nutrien Ltd. | Reduce -11.7% | 0.08% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -12.4% | 0.08% | −0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -5.0% | 0.24% | −0.02 |
| DG Dollar General Corp. | Reduce -2.7% | 0.07% | −0.02 |
| UMBF Umb Financial Corp. | Reduce -62.5% | 0.01% | −0.02 |
| MRVL Marvell Technology Inc. | Reduce -1.6% | 0.17% | −0.02 |
| WY Weyerhaeuser Co. | Reduce -4.2% | 0.05% | −0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| DFCF Dimensional Core Fixed Inc. | Add +834.6% | 1.11% | +0.98 |
| NVDA Nvidia Corp. | Add +2.6% | 1.88% | +0.43 |
| DFSD Dimensional Short Duration | Add +425.7% | 0.50% | +0.40 |
| BIV Vanguard Intermediate-Term B | Add +23.4% | 3.27% | +0.39 |
| HD Home Depot Inc. | Add +160.2% | 0.62% | +0.33 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +45.4% | 1.25% | +0.32 |
| MELI MercadoLibre Inc. | Add +5066.7% | 0.21% | +0.20 |
| AGG iShares Core U.S. Aggregate | Add +16.9% | 2.46% | +0.16 |
| IAGG iShares Intl Aggregate Bond | Add +50.6% | 0.54% | +0.15 |
| BNDX Vanguard Total Intl Bond ETF | Add +15.6% | 2.41% | +0.13 |
| GOOG Alphabet Inc. Class C | Add +2.2% | 1.03% | +0.13 |
| TSLA Tesla Inc. | Add +119.3% | 0.22% | +0.12 |
| CRM Salesforce Inc. | Add +125.5% | 0.26% | +0.11 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +15.4% | 2.27% | +0.11 |
| BLV Vanguard Long-Term Bond ETF | Add +166.8% | 0.19% | +0.11 |
| BND Vanguard Total Bond Market | Add +14.1% | 2.31% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | Add +7.4% | 0.45% | +0.09 |
| ADBE Adobe Inc. | Add +84.5% | 0.19% | +0.09 |
| DFIV Dimensional International Va | Add +36.9% | 0.41% | +0.08 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +71.8% | 0.17% | +0.07 |
| IEO iShares U.S. Oil & Gas Explo | New | 0.07% | +0.07 |
| SPYG SS SPDR P S&P 500 Growth ETF | New | 0.06% | +0.06 |
| XLK SS Technology Select Sector | Add +556.5% | 0.07% | +0.06 |
| PEY Invesco High Yield Equity Di | Add +60.8% | 0.20% | +0.06 |
| NKE Nike Inc. Class B | Add +188.5% | 0.10% | +0.06 |
| CASY Casey's General Stores Inc. | Add +10.4% | 0.25% | +0.05 |
| DFAE Dimensional Emerging Core Eq | Add +9.9% | 0.76% | +0.05 |
| MU Micron Technology Inc. | Add +5.2% | 0.57% | +0.05 |
| HUM Humana Inc. | Add +52.3% | 0.10% | +0.03 |
| FLOT iShares Floating Rate Bond E | Add +33.8% | 0.16% | +0.03 |
| XLV SS Health Care Select Sector | Add +1056.0% | 0.03% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +2.9% | 0.93% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +6.7% | 0.20% | +0.03 |
| DFLV Dim US Large Cap Value ETF | Add +449.1% | 0.04% | +0.03 |
| DUHP Dimensional US High Profi Et | Add +38.2% | 0.13% | +0.03 |
| CELH Celsius Holdings Inc. | New | 0.02% | +0.02 |
| AM Antero Midstream Corp. | New | 0.02% | +0.02 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.02% | +0.02 |
| DFNM Dimensional National Muni BD | New | 0.02% | +0.02 |
| DFAC Dimensional US Core Equity 2 | Add +11.4% | 0.50% | +0.02 |
| ADI Analog Devices Inc. | Add +30.6% | 0.06% | +0.02 |
| QQQM Invesco Nasdaq 100 ETF | Add +6.3% | 0.31% | +0.02 |
| SOUN Soundhound AI Inc. Class A | Add +1225.0% | 0.02% | +0.02 |
| CMG Chipotle Mexican Grill Inc. | Add +55.7% | 0.04% | +0.01 |
| ENB Enbridge Inc. | Add +20.1% | 0.17% | +0.01 |
| PICK iShares MSCI Global Metals & | New | 0.01% | +0.01 |
| B Barrick Gold Corp. | Add +338.6% | 0.02% | +0.01 |
| DFUV Dimensional US Marketwide Va | New | 0.01% | +0.01 |
| HRL Hormel Foods Corp. | Add +131.1% | 0.03% | +0.01 |
| GOVT iShares US Treasury Bond ETF | Add +24.7% | 0.09% | +0.01 |
Notes & Other Activity Q1 2024 → Q2 2024
| LILWF Lilium NV -CW26 | *W EXP 09/14/202 | New | 333 | $27 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 808 | $436.4M | AAPL, DFCF, MU, BIV, DFSD |
| Q1 2026 | 783 | $385.3M | DFCF, AAPL, BIV, DFSD, BSV |
| Q4 2025 | 766 | $365.1M | AAPL, BIV, DFCF, BSV, VIG |
| Q3 2025 | 742 | $346.2M | AAPL, BIV, DFCF, BSV, VIG |
| Q2 2025 | 748 | $319.0M | BIV, AAPL, DFCF, BSV, VIG |
| Q1 2025 | 752 | $303.4M | AAPL, BIV, DFCF, BSV, BND |
| Q4 2024 | 725 | $283.5M | AAPL, BIV, DFCF, BSV, BND |
| Q3 2024 | 738 | $274.4M | AAPL, BIV, DFCF, BSV, BND |
| Q2 2024Amended | 728 | $244.9M | AAPL, BIV, BSV, AGG, BNDX |
| Q1 2024 | 710 | $226.5M | AAPL, BIV, BSV, VYM, STIP |