Iowa State Bank

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 23, 2024), Iowa State Bank reported 106 stock positions worth $451.9 million. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 4.9% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 4.5%) and Microsoft (MSFT, 4.0%). Compared with Q4 2023, it opened 4 new positions, sold out of 7, added to 40 and reduced 50. The biggest buy was Nvidia (NVDA, shares +8%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
URBANDALE, IA
CIK
0001546967
Portfolio Value
$451.9M (Q1 2024)
SEC Filing
0001546967-24-000002 ↗ filed Apr 23, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $451.9M $451.9M Q1 2024 Q2 2024: $452.5M Q2 2024 Q3 2024: $486.4M Q3 2024 Q4 2024: $480.6M Q4 2024 Q1 2025: $471.0M Q1 2025 Q2 2025: $502.1M Q2 2025 Q3 2025: $525.3M Q3 2025 Q4 2025: $533.3M Q4 2025 Q1 2026: $543.4M Q1 2026 Q2 2026: $598.4M Q2 2026

Holdings 106 stocks · $451.9M
IEFA iShares Core MSCI Eafe ETF 4.86% 295,793 $22.0M Add +6.2%
IJH iShares Core S&P Midcap ETF 4.49% 333,662 $20.3M Add +1.0%
MSFT Microsoft Corp. 3.98% 42,797 $18.0M Reduce -2.2%
JPM JPMorgan Chase & Co. 3.37% 76,082 $15.2M Reduce -0.7%
PGX Invesco Preferred ETF 3.34% 1,268,750 $15.1M Reduce -9.0%
AAPL Apple Inc. 3.10% 81,675 $14.0M Reduce -2.5%
UPS United Parcel Service Class B 2.64% 80,196 $11.9M Reduce -0.3%
IJR iShares Core S&P Small-Cap E 2.55% 104,118 $11.5M Add +4.3%
IEMG iShares Core MSCI Emerging 2.07% 181,310 $9.4M Add +9.1%
ABBV Abbvie Inc. 2.05% 50,770 $9.2M Reduce -2.3%
EMR Emerson Electric Co. 1.95% 77,763 $8.8M Reduce -2.4%
AMZN Amazon.com Inc. 1.88% 47,073 $8.5M Add +2.5%
CSCO Cisco Systems Inc. 1.88% 169,939 $8.5M Add +2.8%
PG The Procter & Gamble Co. 1.80% 50,243 $8.2M Add +0.1%
META Meta Platforms Inc. Class A 1.80% 16,748 $8.1M Reduce -2.6%
BRK.B Berkshire Hathaway Inc. Class B 1.75% 18,856 $7.9M Reduce -4.1%
CVX Chevron Corp. 1.74% 49,733 $7.8M Add +1.0%
PEP Pepsico Inc. 1.69% 43,642 $7.6M Reduce -1.6%
JNJ Johnson & Johnson 1.65% 47,251 $7.5M Reduce -4.1%
SPY SS SPDR S&P 500 ETF Trust-US 1.62% 13,954 $7.3M Add +2.2%
GOOGL Alphabet Inc. Class A 1.61% 48,249 $7.3M Reduce -0.8%
XOM Exxon Mobil Corp. 1.55% 60,313 $7.0M Add +8.1%
ETN Eaton Corp. PLC 1.39% 20,084 $6.3M Reduce -10.7%
NVDA Nvidia Corp. 1.37% 6,868 $6.2M Add +8.0%
PRU Prudential Financial Inc. 1.35% 51,978 $6.1M Reduce -16.9%
MS Morgan Stanley 1.34% 64,415 $6.1M Add +2.5%
CAH Cardinal Health Inc. 1.34% 54,092 $6.1M Add +51.8%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.31% 14,870 $5.9M No change
CRM Salesforce Inc. 1.31% 19,616 $5.9M Reduce -11.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.17% 27,636 $5.3M Add +1.1%
V Visa Inc. Class A 1.14% 18,512 $5.2M Add +2.5%
CAT Caterpillar Inc. 1.14% 14,085 $5.2M Reduce -5.7%
CVS CVS Health Corp. 1.08% 60,998 $4.9M Add +5.7%
ICE Intercontinental Exchange Inc. 1.00% 32,994 $4.5M Add +4.2%
MAS Masco Corp. 1.00% 57,256 $4.5M Reduce -15.3%
ORCL Oracle Corp. 0.99% 35,702 $4.5M Add +3.0%
BRK.A Berkshire Hathaway Inc. Class A 0.98% 7 $4.4M No change
MRK Merck & Co. Inc. 0.96% 33,013 $4.4M Reduce -0.3%
LOW Lowe's Cos Inc. 0.89% 15,788 $4.0M Add +5.8%
MET Metlife Inc. 0.87% 52,920 $3.9M Reduce -1.4%
LLY Eli Lilly & Co. 0.85% 4,944 $3.8M Add +6.5%
TFC Truist Financial Corp. 0.79% 91,739 $3.6M Add +59.2%
MCD McDonald's Corp. 0.76% 12,222 $3.4M Reduce -6.3%
EOG EOG Resources Inc. 0.75% 26,652 $3.4M Add +15.2%
AGG iShares Core U.S. Aggregate 0.74% 34,300 $3.4M Add +11.7%
BLK BlackRock Finance Inc. 0.70% 3,790 $3.2M Add +9.4%
AMGN Amgen Inc. 0.69% 11,022 $3.1M Reduce -15.5%
AMT American Tower Corp. 0.69% 15,714 $3.1M Add +2.8%
QCOM Qualcomm Inc. 0.68% 18,243 $3.1M Reduce -1.8%
CMCSA Comcast Corp. Class A 0.68% 70,775 $3.1M Reduce -13.9%
SYY Sysco Corp. 0.68% 37,608 $3.1M Reduce -6.5%
DLTR Dollar Tree Inc. 0.67% 22,877 $3.0M Reduce -9.1%
CTSH Cognizant Tech Solutions-A 0.67% 41,508 $3.0M Reduce -10.2%
SBUX Starbucks Corp. 0.66% 32,794 $3.0M Add +2.9%
SPYG SS SPDR P S&P 500 Growth ETF 0.66% 40,762 $3.0M Add +1.7%
COP Conocophillips 0.65% 23,234 $3.0M Add +8.1%
SPHY SS SPDR P High Yield ETF 0.64% 123,196 $2.9M Add +18.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.63% 23,376 $2.9M Add +3.2%
LIN Linde PLC 0.60% 5,835 $2.7M Reduce -1.3%
GILD Gilead Sciences Inc. 0.60% 36,727 $2.7M Reduce -8.9%
MCHP Microchip Technology Inc. 0.59% 29,598 $2.7M New
YUM Yum! Brands Inc. 0.57% 18,623 $2.6M Add +0.8%
DUK Duke Energy Corp. 0.55% 25,918 $2.5M Add +3.6%
MDLZ Mondelez International Inc. Class A 0.55% 35,574 $2.5M Add +2.8%
DD Dupont DE Nemours Inc. 0.55% 32,217 $2.5M Add +3.3%
DLR Digital Realty Trust Inc. 0.53% 16,546 $2.4M Reduce -9.0%
OMC Omnicom Group 0.53% 24,579 $2.4M Add +1.9%
DOW Dow Inc. 0.50% 39,080 $2.3M Reduce -3.9%
PANW Palo Alto Networks Inc. 0.49% 7,745 $2.2M New
BMY Bristol-Myers Squibb Co. 0.48% 39,955 $2.2M Reduce -31.5%
PFE Pfizer Inc. 0.48% 77,914 $2.2M Reduce -22.3%
FCX Freeport-McMoran Inc. 0.48% 45,952 $2.2M Add +2.4%
EXC Exelon Corp. 0.43% 51,484 $1.9M Reduce -2.2%
TGT Target Corp. 0.41% 10,499 $1.9M Add +0.3%
IVV iShares Core S&P 500 ETF 0.39% 3,320 $1.7M Reduce -1.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.37% 43,701 $1.7M Add +340.1%
NKE Nike Inc. Class B 0.35% 17,010 $1.6M Add +62.9%
VZ Verizon Communications Inc. 0.34% 36,321 $1.5M Reduce -5.4%
HON Honeywell International Inc. 0.33% 7,265 $1.5M Add +5.6%
RTX RTX Corp. 0.31% 14,346 $1.4M New
COST Costco Wholesale Corp. 0.31% 1,899 $1.4M New
QQQ Invesco QQQ Trust Series 1 0.30% 3,047 $1.4M No change
CWI State Street SPDR MSCI Acwi 0.22% 34,854 $990K Reduce -29.6%
HD Home Depot Inc. 0.19% 2,246 $862K No change
LGLV SPDR US LC Low Vol Idx 0.17% 5,042 $785K Reduce -8.8%
USMV iShares MSCI USA Min Vol Fac 0.17% 9,213 $770K Reduce -3.9%
PSLV Sprott Physical Silver Trust 0.16% 85,000 $705K No change
PFG Principal Financial Group 0.15% 7,970 $688K Reduce -80.3%
ING ING Groep N.V.-Sponsored ADR 0.14% 39,588 $653K Reduce -18.4%
WMT Walmart Inc. 0.12% 9,165 $551K Reduce -17.6%
CHE Chemed Corp. 0.12% 850 $546K Reduce -5.6%
IHF iShares U.S. Healthcare Prov 0.12% 10,000 $545K No change
HSY The Hershey Co. 0.08% 1,961 $381K Reduce -4.5%
SPYV SS SPDR P S&P 500 Value ETF 0.08% 7,400 $371K No change
BA The Boeing Co. 0.08% 1,873 $361K No change
XLV SS Health Care Select Sector 0.07% 2,000 $295K No change
VIG Vanguard Dividend Apprec ETF 0.05% 1,315 $240K No change
XLE SS Energy Select Sector 0.05% 2,539 $240K Reduce -8.3%
VTI VG Morningstar TS MKT ETF-US 0.05% 888 $231K Reduce -8.3%
IWB iShares Russell 1000 ETF 0.05% 800 $230K No change
ABT Abbott Laboratories 0.05% 1,982 $225K Reduce -15.2%
IBDT iShares Ibonds Dec 2028 ETF 0.05% 8,907 $222K Reduce -13.3%
BSCR Invesco Bulletshares 2027 CB 0.05% 11,156 $215K Reduce -11.0%
BSCQ Invesco Bulletshares 2026 CB 0.05% 11,078 $213K Reduce -19.1%
BSCP Invesco Bulletshares 2025 CB 0.04% 9,866 $202K Reduce -18.4%
BDJ BlackRock Enhanced Eqty DVD 0.03% 18,667 $154K No change

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -2.5% 3.10% −0.77
PFG Principal Financial Group Reduce -80.3% 0.15% −0.61
SWKS Skyworks Solutions Inc. Sold out 0.00% −0.52
PGX Invesco Preferred ETF Reduce -9.0% 3.34% −0.50
UPS United Parcel Service Class B Reduce -0.3% 2.64% −0.39
BMY Bristol-Myers Squibb Co. Reduce -31.5% 0.48% −0.24
PFE Pfizer Inc. Reduce -22.3% 0.48% −0.21
AMGN Amgen Inc. Reduce -15.5% 0.69% −0.21
PRU Prudential Financial Inc. Reduce -16.9% 1.35% −0.21
JNJ Johnson & Johnson Reduce -4.1% 1.65% −0.20
GILD Gilead Sciences Inc. Reduce -8.9% 0.60% −0.19
CMCSA Comcast Corp. Class A Reduce -13.9% 0.68% −0.19
DLTR Dollar Tree Inc. Reduce -9.1% 0.67% −0.18
MCD McDonald's Corp. Reduce -6.3% 0.76% −0.16
CTSH Cognizant Tech Solutions-A Reduce -10.2% 0.67% −0.16
EL Estee Lauder Companies Class A Sold out 0.00% −0.16
OTTR Otter Tail Corp. Sold out 0.00% −0.14
PEP Pepsico Inc. Reduce -1.6% 1.69% −0.12
CWI State Street SPDR MSCI Acwi Reduce -29.6% 0.22% −0.10
MAS Masco Corp. Reduce -15.3% 1.00% −0.09
CRM Salesforce Inc. Reduce -11.1% 1.31% −0.08
GLD SPDR Gold Shares Sold out 0.00% −0.07
DLR Digital Realty Trust Inc. Reduce -9.0% 0.53% −0.06
ED Consolidated Edison Inc. Sold out 0.00% −0.06
BSCO Invesco Bulletshares 2024 CB Sold out 0.00% −0.05
UNP Union Pacific Corp. Sold out 0.00% −0.05
DOW Dow Inc. Reduce -3.9% 0.50% −0.03
ING ING Groep N.V.-Sponsored ADR Reduce -18.4% 0.14% −0.03
SYY Sysco Corp. Reduce -6.5% 0.68% −0.03
EXC Exelon Corp. Reduce -2.2% 0.43% −0.03
LGLV SPDR US LC Low Vol Idx Reduce -8.8% 0.17% −0.02
WMT Walmart Inc. Reduce -17.6% 0.12% −0.02
GOOGL Alphabet Inc. Class A Reduce -0.8% 1.61% −0.02
BSCQ Invesco Bulletshares 2026 CB Reduce -19.1% 0.05% −0.02
BSCP Invesco Bulletshares 2025 CB Reduce -18.4% 0.04% −0.01
IBDT iShares Ibonds Dec 2028 ETF Reduce -13.3% 0.05% −0.01
ABT Abbott Laboratories Reduce -15.2% 0.05% −0.01
BSCR Invesco Bulletshares 2027 CB Reduce -11.0% 0.05% −0.01
VZ Verizon Communications Inc. Reduce -5.4% 0.34% −0.01
USMV iShares MSCI USA Min Vol Fac Reduce -3.9% 0.17% −0.01
HSY The Hershey Co. Reduce -4.5% 0.08% −0.01
CHE Chemed Corp. Reduce -5.6% 0.12% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -8.3% 0.05% −0.00
XLE SS Energy Select Sector Reduce -8.3% 0.05% −0.00
IVV iShares Core S&P 500 ETF Reduce -1.0% 0.39% +0.00
MET Metlife Inc. Reduce -1.4% 0.87% +0.02
LIN Linde PLC Reduce -1.3% 0.60% +0.02
QCOM Qualcomm Inc. Reduce -1.8% 0.68% +0.04
MSFT Microsoft Corp. Reduce -2.2% 3.98% +0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -4.1% 1.75% +0.07

Portfolio Buys Q4 2023 → Q1 2024
NVDA Nvidia Corp. Add +8.0% 1.37% +0.62
MCHP Microchip Technology Inc. New 0.59% +0.59
PANW Palo Alto Networks Inc. New 0.49% +0.49
CAH Cardinal Health Inc. Add +51.8% 1.34% +0.48
RTX RTX Corp. New 0.31% +0.31
COST Costco Wholesale Corp. New 0.31% +0.31
BAC Bank of America Corp. Add +340.1% 0.37% +0.29
TFC Truist Financial Corp. Add +59.2% 0.79% +0.28
XOM Exxon Mobil Corp. Add +8.1% 1.55% +0.21
AMZN Amazon.com Inc. Add +2.5% 1.88% +0.21
LLY Eli Lilly & Co. Add +6.5% 0.85% +0.20
IEFA iShares Core MSCI Eafe ETF Add +6.2% 4.86% +0.16
DIS The Walt Disney Co. Add +3.2% 0.63% +0.14
ORCL Oracle Corp. Add +3.0% 0.99% +0.12
IBM Intl Business Machines Corp. Add +1.1% 1.17% +0.10
IJH iShares Core S&P Midcap ETF Add +1.0% 4.49% +0.10
LOW Lowe's Cos Inc. Add +5.8% 0.89% +0.09
EOG EOG Resources Inc. Add +15.2% 0.75% +0.08
NKE Nike Inc. Class B Add +62.9% 0.35% +0.08
SPY SS SPDR S&P 500 ETF Trust-US Add +2.2% 1.62% +0.06
SPHY SS SPDR P High Yield ETF Add +18.9% 0.64% +0.06
COP Conocophillips Add +8.1% 0.65% +0.06
TGT Target Corp. Add +0.3% 0.41% +0.05
IEMG iShares Core MSCI Emerging Add +9.1% 2.07% +0.05
PG The Procter & Gamble Co. Add +0.1% 1.80% +0.04
SPYG SS SPDR P S&P 500 Growth ETF Add +1.7% 0.66% +0.03
ICE Intercontinental Exchange Inc. Add +4.2% 1.00% +0.03
OMC Omnicom Group Add +1.9% 0.53% +0.03
BLK BlackRock Finance Inc. Add +9.4% 0.70% +0.03
FCX Freeport-McMoran Inc. Add +2.4% 0.48% +0.02
V Visa Inc. Class A Add +2.5% 1.14% +0.02
AGG iShares Core U.S. Aggregate Add +11.7% 0.74% +0.01
YUM Yum! Brands Inc. Add +0.8% 0.57% −0.01
CVS CVS Health Corp. Add +5.7% 1.08% −0.02
HON Honeywell International Inc. Add +5.6% 0.33% −0.02
CVX Chevron Corp. Add +1.0% 1.74% −0.03
DUK Duke Energy Corp. Add +3.6% 0.55% −0.03
DD Dupont DE Nemours Inc. Add +3.3% 0.55% −0.03
IJR iShares Core S&P Small-Cap E Add +4.3% 2.55% −0.04
MDLZ Mondelez International Inc. Class A Add +2.8% 0.55% −0.05
MS Morgan Stanley Add +2.5% 1.34% −0.06
SBUX Starbucks Corp. Add +2.9% 0.66% −0.07
AMT American Tower Corp. Add +2.8% 0.69% −0.10
CSCO Cisco Systems Inc. Add +2.8% 1.88% −0.13

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 118$598.4MIEFA, SPHY, IJH, IEMG, AAPL
Q1 2026 117$543.4MSPHY, IEFA, IJH, IEMG, JPM
Q4 2025 120$533.3MIEFA, IJH, AAPL, JPM, GOOGL
Q3 2025 120$525.3MIEFA, IJH, MSFT, JPM, AAPL
Q2 2025 122$502.1MIJH, IEFA, MSFT, IJR, JPM
Q1 2025 119$471.0MIJH, IEFA, IJR, AAPL, JPM
Q4 2024 106$480.6MIEFA, IJH, AAPL, JPM, MSFT
Q3 2024 110$486.4MIEFA, IJH, AAPL, MSFT, JPM
Q2 2024 105$452.5MIEFA, IJH, MSFT, AAPL, JPM
Q1 2024 106$451.9MIEFA, IJH, MSFT, JPM, PGX