City State Bank
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 10, 2024), City State Bank reported 738 stock positions worth $274.4 million. Its top holding was Apple (AAPL) at 4.7% of the portfolio, followed by Vanguard Intermediate-Term B (BIV, 3.7%) and Dimensional Core Fixed (DFCF, 2.8%). Compared with Q2 2024, it opened 31 new positions, sold out of 21, added to 99 and reduced 154. The biggest buy was Dimensional Core Fixed (DFCF, shares +168%) and the biggest sale Microsoft (MSFT, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- NORWALK, IA
- CIK
- 0001910666
- Portfolio Value
- $274.4M (Q3 2024)
- SEC Filing
- 0001910666-24-000007 ↗ filed Oct 10, 2024
Holdings Value
Holdings 738 stocks · $274.4M
| AAPL Apple Inc. | 4.72% | 55,553 | $12.9M | Reduce -1.9% |
| BIV Vanguard Intermediate-Term B | 3.75% | 131,282 | $10.3M | Add +22.6% |
| DFCF Dimensional Core Fixed Inc. | 2.76% | 175,160 | $7.6M | Add +167.8% |
| BSV Vanguard Short-Term Bond ETF | 2.71% | 94,659 | $7.4M | Add +13.8% |
| BND Vanguard Total Bond Market | 2.58% | 94,413 | $7.1M | Add +20.5% |
| AGG iShares Core U.S. Aggregate | 2.51% | 67,945 | $6.9M | Add +9.3% |
| BNDX Vanguard Total Intl Bond ETF | 2.39% | 130,212 | $6.5M | Add +7.3% |
| VWOB Vanguard Emerg MKTS Gov BND | 2.38% | 98,375 | $6.5M | Add +11.2% |
| VIG Vanguard Dividend Apprec ETF | 2.34% | 32,415 | $6.4M | Add +8.1% |
| VYM Vanguard High DVD Yield ETF | 2.30% | 49,282 | $6.3M | Add +3.7% |
| STIP iShares 0-5 Year Tips Bond E | 2.13% | 57,773 | $5.9M | Add +1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.00% | 11,904 | $5.5M | Reduce -8.9% |
| MSFT Microsoft Corp. | 1.85% | 11,827 | $5.1M | Reduce -9.2% |
| DFAT Dimensional US Target Value | 1.78% | 87,659 | $4.9M | Add +9.6% |
| EBND State Street SPDR Bloomberg | 1.67% | 215,732 | $4.6M | Add +3.4% |
| LNT Alliant Energy Corp. | 1.58% | 71,290 | $4.3M | Add +0.2% |
| NVDA Nvidia Corp. | 1.56% | 35,293 | $4.3M | Reduce -5.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 1.55% | 79,355 | $4.3M | Add +32.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.16% | 18,163 | $3.2M | Add +6.2% |
| VFH Vanguard Financials ETF | 1.14% | 28,456 | $3.1M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 1.11% | 16,348 | $3.0M | Add +3.7% |
| LLY Eli Lilly & Co. | 1.01% | 3,127 | $2.8M | Reduce -3.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.01% | 7,191 | $2.8M | Add +18.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.95% | 9,871 | $2.6M | Add +14.4% |
| GOOG Alphabet Inc. Class C | 0.91% | 14,896 | $2.5M | Add +8.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.88% | 4,212 | $2.4M | Add +5.0% |
| DFSD Dimensional Short Duration | 0.83% | 47,616 | $2.3M | Add +81.2% |
| VHT Vanguard Health Care ETF | 0.83% | 8,048 | $2.3M | Reduce -2.1% |
| JNJ Johnson & Johnson | 0.80% | 13,498 | $2.2M | Add +2.1% |
| VMBS Vanguard Mortgage-Backed Sec | 0.77% | 44,837 | $2.1M | Reduce -6.7% |
| COST Costco Wholesale Corp. | 0.72% | 2,238 | $2.0M | Reduce -2.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.72% | 8,329 | $2.0M | Add +12.2% |
| VWO Vanguard Ftse Emerging Marke | 0.71% | 40,569 | $1.9M | Reduce -3.8% |
| ABBV Abbvie Inc. | 0.69% | 9,555 | $1.9M | Reduce -1.3% |
| IAGG iShares Intl Aggregate Bond | 0.68% | 35,975 | $1.9M | Add +36.1% |
| DFAE Dimensional Emerging Core Eq | 0.68% | 67,879 | $1.9M | Reduce -6.0% |
| HD Home Depot Inc. | 0.68% | 4,579 | $1.9M | Add +4.5% |
| JPM JPMorgan Chase & Co. | 0.67% | 8,708 | $1.8M | Reduce -2.2% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.64% | 8,714 | $1.7M | Reduce -14.1% |
| TIP iShares Tips Bond ETF | 0.63% | 15,570 | $1.7M | Reduce -13.8% |
| RTX RTX Corp. | 0.61% | 13,814 | $1.7M | Add +0.5% |
| VGT Vanguard Info Tech ETF | 0.59% | 2,745 | $1.6M | Reduce -3.4% |
| DFAC Dimensional US Core Equity 2 | 0.56% | 44,975 | $1.5M | Add +17.5% |
| CAT Caterpillar Inc. | 0.56% | 3,936 | $1.5M | Reduce -0.3% |
| DFIV Dimensional International Va | 0.56% | 40,333 | $1.5M | Add +44.1% |
| MRK Merck & Co. Inc. | 0.50% | 11,996 | $1.4M | Reduce -0.9% |
| DFAI Dimensional International Co. | 0.49% | 42,565 | $1.4M | Add +6.7% |
| KO The Coca-Cola Co. | 0.46% | 17,456 | $1.3M | Reduce -0.6% |
| FITB Fifth Third Bancorp | 0.45% | 29,124 | $1.2M | Reduce -4.1% |
| IBB iShares Biotechnology ETF | 0.45% | 8,520 | $1.2M | Add +0.3% |
| PFE Pfizer Inc. | 0.44% | 42,114 | $1.2M | Reduce -0.7% |
| VZ Verizon Communications Inc. | 0.44% | 26,796 | $1.2M | Reduce -8.8% |
| SPIP SS SPDR P Tips ETF | 0.44% | 45,551 | $1.2M | Add +1.8% |
| DE Deere & Co. | 0.44% | 2,861 | $1.2M | Reduce -6.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.43% | 18,679 | $1.2M | Reduce -7.2% |
| ADP Automatic Data Processing | 0.42% | 4,159 | $1.2M | Reduce -11.6% |
| LMT Lockheed Martin Corp. | 0.41% | 1,922 | $1.1M | Reduce -0.8% |
| NEE Nextera Energy Inc. | 0.41% | 13,237 | $1.1M | No change |
| MU Micron Technology Inc. | 0.40% | 10,640 | $1.1M | Reduce -0.2% |
| VEA Vanguard Ftse Developed ETF | 0.39% | 20,267 | $1.1M | Add +20.9% |
| WMT Walmart Inc. | 0.37% | 12,741 | $1.0M | Reduce -1.4% |
| META Meta Platforms Inc. Class A | 0.37% | 1,791 | $1.0M | Add +4.1% |
| PG The Procter & Gamble Co. | 0.36% | 5,657 | $980K | Reduce -0.1% |
| EMB iShares JP Morgan Usd Emergi | 0.35% | 10,395 | $973K | Reduce -4.2% |
| VPU Vanguard Utilities ETF | 0.34% | 5,376 | $936K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.34% | 5,295 | $920K | Reduce -15.6% |
| UNH Unitedhealth Group Inc. | 0.33% | 1,569 | $917K | Reduce -2.2% |
| CVX Chevron Corp. | 0.33% | 6,217 | $916K | Add +6.0% |
| AMAT Applied Materials Inc. | 0.33% | 4,487 | $907K | No change |
| SPEM State Street SP PTF Em ETF | 0.31% | 20,936 | $864K | Add +10.3% |
| QQQM Invesco Nasdaq 100 ETF | 0.31% | 4,270 | $858K | Add +9.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 3,750 | $829K | Reduce -6.3% |
| LOW Lowe's Cos Inc. | 0.30% | 3,026 | $820K | Reduce -34.9% |
| VOO Vanguard S&P 500 ETF | 0.30% | 1,541 | $813K | Reduce -3.1% |
| PFG Principal Financial Group | 0.29% | 9,402 | $808K | Add +9.8% |
| VIS Vanguard Industrials ETF | 0.29% | 3,032 | $789K | Add +3.2% |
| BABA Alibaba Group Holding-SP ADR | 0.29% | 7,422 | $788K | Reduce -35.8% |
| BLV Vanguard Long-Term Bond ETF | 0.29% | 10,424 | $784K | Add +58.2% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.28% | 6,910 | $781K | No change |
| AMGN Amgen Inc. | 0.28% | 2,390 | $770K | Reduce -1.0% |
| VAW Vanguard Materials ETF | 0.28% | 3,629 | $767K | Reduce -7.8% |
| CB Chubb Ltd. | 0.28% | 2,644 | $763K | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 0.26% | 6,200 | $727K | Reduce -0.3% |
| PFF iShares Preferred & Income S | 0.26% | 21,765 | $723K | Reduce -2.9% |
| UNP Union Pacific Corp. | 0.26% | 2,925 | $721K | Add +15.6% |
| TSLA Tesla Inc. | 0.26% | 2,740 | $717K | Add +0.4% |
| SBUX Starbucks Corp. | 0.26% | 7,264 | $708K | Add +16.0% |
| MCD McDonald's Corp. | 0.25% | 2,270 | $691K | Reduce -0.2% |
| HON Honeywell International Inc. | 0.25% | 3,312 | $685K | No change |
| CASY Casey's General Stores Inc. | 0.25% | 1,794 | $674K | Add +12.4% |
| CRM Salesforce Inc. | 0.24% | 2,433 | $666K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.24% | 16,341 | $648K | Add +5.5% |
| SO The Southern Co. | 0.23% | 7,017 | $633K | Reduce -0.1% |
| UPS United Parcel Service Class B | 0.23% | 4,615 | $629K | Reduce -0.1% |
| NTAP Netapp Inc. | 0.23% | 5,065 | $626K | No change |
| MMM 3M Co. | 0.22% | 4,510 | $617K | Reduce -0.2% |
| WEC WEC Energy Group Inc. | 0.22% | 6,253 | $601K | Add +5.0% |
| V Visa Inc. Class A | 0.22% | 2,171 | $597K | Reduce -2.4% |
| MDT Medtronic PLC | 0.22% | 6,618 | $596K | Reduce -15.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.22% | 2,260 | $595K | Reduce -4.2% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $3K (not counted above)
Total filed on the 13F, all lines: $274.4M.
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -9.2% | 1.85% | −0.52 |
| NVDA Nvidia Corp. | Reduce -5.3% | 1.56% | −0.32 |
| LLY Eli Lilly & Co. | Reduce -3.2% | 1.01% | −0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -8.9% | 2.00% | −0.17 |
| MU Micron Technology Inc. | Reduce -0.2% | 0.40% | −0.17 |
| TIP iShares Tips Bond ETF | Reduce -13.8% | 0.63% | −0.16 |
| FLOT iShares Floating Rate Bond E | Reduce -97.6% | 0.00% | −0.16 |
| AAPL Apple Inc. | Reduce -1.9% | 4.72% | −0.15 |
| TXN Texas Instruments Inc. | Reduce -46.6% | 0.14% | −0.14 |
| LOW Lowe's Cos Inc. | Reduce -34.9% | 0.30% | −0.12 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -6.7% | 0.77% | −0.12 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -14.1% | 0.64% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -0.9% | 0.50% | −0.12 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -15.6% | 0.34% | −0.11 |
| DFS Discover Financial Services | Reduce -50.0% | 0.10% | −0.11 |
| DFAE Dimensional Emerging Core Eq | Reduce -6.0% | 0.68% | −0.08 |
| VGT Vanguard Info Tech ETF | Reduce -3.4% | 0.59% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -2.1% | 0.72% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -2.2% | 0.67% | −0.07 |
| VHT Vanguard Health Care ETF | Reduce -2.1% | 0.83% | −0.06 |
| LNTH Lantheus Holdings Inc. | Reduce -92.0% | 0.01% | −0.06 |
| XISE FT Vest US Equity Buffer & P | Sold out | 0.00% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -8.8% | 0.44% | −0.06 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -7.2% | 0.43% | −0.05 |
| BABA Alibaba Group Holding-SP ADR | Reduce -35.8% | 0.29% | −0.05 |
| MELI MercadoLibre Inc. | Reduce -32.3% | 0.16% | −0.05 |
| VWO Vanguard Ftse Emerging Marke | Reduce -3.8% | 0.71% | −0.05 |
| F Ford Motor Co. | Reduce -2.4% | 0.12% | −0.04 |
| PFE Pfizer Inc. | Reduce -0.7% | 0.44% | −0.04 |
| ADP Automatic Data Processing | Reduce -11.6% | 0.42% | −0.04 |
| BA The Boeing Co. | Reduce -1.0% | 0.11% | −0.04 |
| EMB iShares JP Morgan Usd Emergi | Reduce -4.2% | 0.35% | −0.04 |
| HUM Humana Inc. | Reduce -13.4% | 0.07% | −0.04 |
| MDT Medtronic PLC | Reduce -15.8% | 0.22% | −0.04 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.04 |
| VFH Vanguard Financials ETF | Reduce -1.1% | 1.14% | −0.03 |
| DE Deere & Co. | Reduce -6.9% | 0.44% | −0.03 |
| INTC Intel Corp. | Reduce -1.4% | 0.06% | −0.03 |
| VAW Vanguard Materials ETF | Reduce -7.8% | 0.28% | −0.03 |
| UPS United Parcel Service Class B | Reduce -0.1% | 0.23% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -3.1% | 0.30% | −0.03 |
| DVN Devon Energy Corp. | Reduce -0.7% | 0.08% | −0.03 |
| AMGN Amgen Inc. | Reduce -1.0% | 0.28% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -0.3% | 0.26% | −0.03 |
| FANG Diamondback Energy Inc. | Reduce -27.6% | 0.03% | −0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -3.9% | 0.19% | −0.03 |
| PFF iShares Preferred & Income S | Reduce -2.9% | 0.26% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 0.36% | −0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -4.2% | 0.22% | −0.02 |
| WM Waste Management Inc. | Reduce -0.5% | 0.15% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| DFCF Dimensional Core Fixed Inc. | Add +167.8% | 2.76% | +1.65 |
| BIV Vanguard Intermediate-Term B | Add +22.6% | 3.75% | +0.47 |
| DFSD Dimensional Short Duration | Add +81.2% | 0.83% | +0.32 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +32.5% | 1.55% | +0.30 |
| BND Vanguard Total Bond Market | Add +20.5% | 2.58% | +0.28 |
| DFGP Dimensional GLBL Core PL Fix | New | 0.18% | +0.18 |
| DFIV Dimensional International Va | Add +44.1% | 0.56% | +0.15 |
| DFLV Dim US Large Cap Value ETF | Add +410.7% | 0.18% | +0.14 |
| IAGG iShares Intl Aggregate Bond | Add +36.1% | 0.68% | +0.14 |
| BSV Vanguard Short-Term Bond ETF | Add +13.8% | 2.71% | +0.11 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +11.2% | 2.38% | +0.11 |
| VIG Vanguard Dividend Apprec ETF | Add +8.1% | 2.34% | +0.10 |
| LNT Alliant Energy Corp. | Add +0.2% | 1.58% | +0.10 |
| BLV Vanguard Long-Term Bond ETF | Add +58.2% | 0.29% | +0.10 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +14.4% | 0.95% | +0.10 |
| DFAT Dimensional US Target Value | Add +9.6% | 1.78% | +0.08 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +18.1% | 1.01% | +0.08 |
| NKE Nike Inc. Class B | Add +61.0% | 0.17% | +0.07 |
| TM Toyota Motor Corp. -Spon ADR | Add +1000.0% | 0.07% | +0.06 |
| HD Home Depot Inc. | Add +4.5% | 0.68% | +0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +12.2% | 0.72% | +0.06 |
| SBUX Starbucks Corp. | Add +16.0% | 0.26% | +0.06 |
| DFAC Dimensional US Core Equity 2 | Add +17.5% | 0.56% | +0.06 |
| PSA Public Storage | New | 0.06% | +0.06 |
| VEA Vanguard Ftse Developed ETF | Add +20.9% | 0.39% | +0.05 |
| DUHP Dimensional US High Profi Et | Add +45.5% | 0.17% | +0.05 |
| RTX RTX Corp. | Add +0.5% | 0.61% | +0.05 |
| AGG iShares Core U.S. Aggregate | Add +9.3% | 2.51% | +0.04 |
| TSLA Tesla Inc. | Add +0.4% | 0.26% | +0.04 |
| SRTA Strata Critical Medical Inc. | New | 0.04% | +0.04 |
| POR Portland General Electric Co. | New | 0.04% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +6.2% | 1.16% | +0.04 |
| UNP Union Pacific Corp. | Add +15.6% | 0.26% | +0.03 |
| WEC WEC Energy Group Inc. | Add +5.0% | 0.22% | +0.03 |
| AAP Advance Auto Parts Inc. | New | 0.03% | +0.03 |
| GOVT iShares US Treasury Bond ETF | Add +40.6% | 0.12% | +0.03 |
| UAA Under Armour Inc. Class A | Add +292.6% | 0.03% | +0.03 |
| DIS The Walt Disney Co. | Add +51.4% | 0.10% | +0.02 |
| SPEM State Street SP PTF Em ETF | Add +10.3% | 0.31% | +0.02 |
| CM Can Imperial BK of Commerce | New | 0.02% | +0.02 |
| BNS Bank of Nova Scotia | New | 0.02% | +0.02 |
| AVLV Avantis US Large Cap Value | New | 0.02% | +0.02 |
| PFG Principal Financial Group | Add +9.8% | 0.29% | +0.02 |
| META Meta Platforms Inc. Class A | Add +4.1% | 0.37% | +0.02 |
| D Dominion Energy Inc. | Add +93.0% | 0.04% | +0.02 |
| AGL Agilon Health Inc. | New | 0.02% | +0.02 |
| AVEM Avantis Emerging Markets Eq | New | 0.02% | +0.02 |
| SCHX Schwab US Large-Cap ETF | New | 0.02% | +0.02 |
| OXY Occidental Petroleum Corp. | Add +204.9% | 0.03% | +0.02 |
| CMG Chipotle Mexican Grill Inc. | Add +61.2% | 0.06% | +0.01 |
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 |