Iowa State Bank

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 9, 2025), Iowa State Bank reported 119 stock positions worth $471.0 million. Its top holding was iShares Core S&P Midcap ETF (IJH) at 4.7% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 4.6%) and iShares Core S&P Small-Cap E (IJR, 3.9%). Compared with Q4 2024, it opened 16 new positions, sold out of 3, added to 33 and reduced 59. The biggest buy was iShares Core S&P Small-Cap E (IJR, shares +42%) and the biggest sale Invesco Preferred ETF (PGX, shares −91%).

Most Recent 13F
Q2 2026
Location
URBANDALE, IA
CIK
0001546967
Portfolio Value
$471.0M (Q1 2025)
SEC Filing
0001546967-25-000003 ↗ filed Apr 9, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $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 $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 119 stocks · $471.0M
IJH iShares Core S&P Midcap ETF 4.66% 376,359 $22.0M Add +4.5%
IEFA iShares Core MSCI Eafe ETF 4.55% 283,324 $21.4M Reduce -14.5%
IJR iShares Core S&P Small-Cap E 3.90% 175,496 $18.4M Add +41.8%
AAPL Apple Inc. 3.79% 80,367 $17.9M Add +3.0%
JPM JPMorgan Chase & Co. 3.53% 67,783 $16.6M Reduce -7.0%
MSFT Microsoft Corp. 3.26% 40,937 $15.4M Add +0.8%
SPHY SS SPDR P High Yield ETF 2.68% 539,030 $12.6M Add +24.5%
IEMG iShares Core MSCI Emerging 2.54% 221,924 $12.0M Add +7.2%
ABBV Abbvie Inc. 2.31% 51,898 $10.9M Reduce -2.8%
NVDA Nvidia Corp. 2.00% 87,063 $9.4M Reduce -1.5%
AMZN Amazon.com Inc. 1.94% 48,098 $9.2M Add +2.2%
BRK.B Berkshire Hathaway Inc. Class B 1.93% 17,075 $9.1M Reduce -4.5%
CSCO Cisco Systems Inc. 1.76% 134,479 $8.3M Reduce -9.3%
META Meta Platforms Inc. Class A 1.73% 14,165 $8.2M Reduce -15.0%
EMR Emerson Electric Co. 1.70% 73,227 $8.0M Reduce -2.1%
MS Morgan Stanley 1.60% 64,550 $7.5M Add +1.5%
JNJ Johnson & Johnson 1.59% 45,092 $7.5M Reduce -0.8%
GOOGL Alphabet Inc. Class A 1.54% 46,971 $7.3M Reduce -7.5%
CVX Chevron Corp. 1.52% 42,843 $7.2M Reduce -2.9%
CAH Cardinal Health Inc. 1.47% 50,270 $6.9M Reduce -4.7%
PG The Procter & Gamble Co. 1.45% 39,993 $6.8M Reduce -18.5%
ETN Eaton Corp. PLC 1.41% 24,346 $6.6M Add +4.2%
XOM Exxon Mobil Corp. 1.40% 55,400 $6.6M Reduce -3.1%
V Visa Inc. Class A 1.39% 18,660 $6.5M Reduce -0.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.37% 25,878 $6.4M Reduce -4.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.35% 11,326 $6.3M Reduce -13.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.32% 14,840 $6.2M Reduce -0.2%
UPS United Parcel Service Class B 1.32% 56,531 $6.2M Reduce -4.1%
BRK.A Berkshire Hathaway Inc. Class A 1.19% 7 $5.6M No change
CRM Salesforce Inc. 1.18% 20,658 $5.5M Reduce -1.9%
PEP Pepsico Inc. 1.15% 36,125 $5.4M Reduce -12.0%
PRU Prudential Financial Inc. 1.09% 46,058 $5.1M Reduce -0.5%
RTX RTX Corp. 1.04% 37,069 $4.9M Add +4.7%
ORCL Oracle Corp. 0.99% 33,407 $4.7M Reduce -3.9%
LLY Eli Lilly & Co. 0.97% 5,552 $4.6M Reduce -3.1%
ICE Intercontinental Exchange Inc. 0.91% 24,909 $4.3M Reduce -17.5%
MET Metlife Inc. 0.89% 51,978 $4.2M Reduce -1.0%
CAT Caterpillar Inc. 0.86% 12,220 $4.0M Reduce -3.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.85% 96,036 $4.0M Add +6.7%
TFC Truist Financial Corp. 0.80% 91,416 $3.8M Add +1.8%
PANW Palo Alto Networks Inc. 0.80% 21,954 $3.7M Reduce -5.2%
VZ Verizon Communications Inc. 0.77% 79,978 $3.6M Add +13.8%
BLK BlackRock Inc. 0.75% 3,743 $3.5M New
AMT American Tower Corp. 0.72% 15,639 $3.4M Reduce -1.3%
MCD McDonald's Corp. 0.71% 10,650 $3.3M Reduce -7.4%
YUM Yum! Brands Inc. 0.69% 20,688 $3.3M Add +3.2%
LOW Lowe's Cos Inc. 0.68% 13,672 $3.2M Reduce -14.9%
AMGN Amgen Inc. 0.66% 10,046 $3.1M Reduce -3.7%
EOG EOG Resources Inc. 0.66% 24,149 $3.1M Reduce -6.0%
BMY Bristol-Myers Squibb Co. 0.65% 50,475 $3.1M Add +7.5%
AVGO Broadcom Inc. 0.64% 18,001 $3.0M Reduce -2.2%
MAS Masco Corp. 0.60% 40,827 $2.8M Reduce -19.6%
GILD Gilead Sciences Inc. 0.59% 25,011 $2.8M Reduce -1.0%
AGG iShares Core U.S. Aggregate 0.59% 28,313 $2.8M Reduce -4.2%
DUK Duke Energy Corp. 0.59% 22,614 $2.8M Reduce -6.7%
QCOM Qualcomm Inc. 0.56% 17,326 $2.7M Reduce -4.5%
MRK Merck & Co. Inc. 0.56% 29,133 $2.6M Reduce -7.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.55% 26,225 $2.6M Add +7.8%
LIN Linde PLC 0.54% 5,485 $2.6M Reduce -9.7%
PLTR Palantir Technologies Inc. Class A 0.53% 29,636 $2.5M Add +0.9%
PFE Pfizer Inc. 0.51% 95,256 $2.4M Add +0.3%
MDLZ Mondelez International Inc. Class A 0.51% 35,242 $2.4M Reduce -1.3%
SCHW Schwab (charles) Corp. 0.50% 30,265 $2.4M Add +1.4%
WMT Walmart Inc. 0.50% 26,916 $2.4M Add +0.4%
FCX Freeport-McMoran Inc. 0.50% 62,206 $2.4M Add +28.4%
COP Conocophillips 0.49% 22,083 $2.3M Reduce -4.8%
SPYG SS SPDR P S&P 500 Growth ETF 0.48% 28,189 $2.3M Reduce -16.9%
DLR Digital Realty Trust Inc. 0.46% 15,021 $2.2M Reduce -5.3%
WM Waste Management Inc. 0.45% 9,148 $2.1M Add +5.5%
PYPL PayPal Holdings Inc. 0.44% 31,664 $2.1M Add +6.9%
COST Costco Wholesale Corp. 0.43% 2,166 $2.0M Add +1.7%
NKE Nike Inc. Class B 0.43% 32,071 $2.0M Add +2.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.42% 16,341 $2.0M Reduce -0.6%
ABT Abbott Laboratories 0.41% 14,547 $1.9M Add +660.8%
DD Dupont DE Nemours Inc. 0.40% 25,342 $1.9M Add +0.0%
COR Cencora Inc. 0.39% 6,664 $1.9M Add +4.5%
CMCSA Comcast Corp. Class A 0.39% 49,557 $1.8M Reduce -10.5%
IVV iShares Core S&P 500 ETF 0.39% 3,237 $1.8M Add +0.1%
HON Honeywell International Inc. 0.36% 8,017 $1.7M Add +1.0%
MDT Medtronic PLC 0.34% 18,021 $1.6M Add +38.1%
EXC Exelon Corp. 0.34% 34,397 $1.6M Reduce -11.4%
OMC Omnicom Group 0.33% 18,883 $1.6M Reduce -22.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.33% 8,891 $1.5M New
JCI Johnson Controls Internation 0.32% 19,057 $1.5M New
Community State Bank Capital Stock 0.30% 285 $1.4M No change
CVS CVS Health Corp. 0.30% 21,084 $1.4M Add +15.1%
SYY Sysco Corp. 0.30% 18,873 $1.4M Reduce -9.1%
DOW Dow Inc. 0.26% 35,441 $1.2M New
PGX Invesco Preferred ETF 0.24% 101,415 $1.1M Reduce -90.9%
VTI VG Morningstar TS MKT ETF-US 0.24% 4,046 $1.1M New
HD Home Depot Inc. 0.17% 2,158 $791K Reduce -3.9%
DFIV Dimensional International Va 0.13% 15,812 $622K New
ING ING Groep N.V.-Sponsored ADR 0.13% 31,709 $621K Add +0.4%
IWM iShares Russell 2000 ETF 0.13% 3,090 $616K New
CWI State Street SPDR MSCI Acwi 0.13% 20,323 $601K Reduce -29.7%
Loymar LTD Stock 0.12% 13,273 $584K No change
DFNM Dimensional National Muni BD 0.11% 11,271 $536K New
IHF iShares U.S. Healthcare Prov 0.11% 10,000 $528K No change
PFG Principal Financial Group 0.11% 6,029 $509K Reduce -8.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.10% 2,531 $472K New
QQQ Invesco QQQ Trust Series 1 0.10% 989 $464K Reduce -39.0%
MUB iShares National Muni Bond E 0.10% 4,245 $448K New
LGLV SPDR US LC Low Vol Idx 0.09% 2,409 $419K Reduce -21.6%
CHE Chemed Corp. 0.08% 650 $400K Reduce -7.1%
VEA Vanguard Ftse Developed ETF 0.08% 7,511 $382K New
SPYV SS SPDR P S&P 500 Value ETF 0.08% 7,100 $363K No change
MEAR Ishrs Short Mat Muni Act ETF 0.07% 6,649 $334K New
VGIT Vanguard Intermediate-Term T 0.07% 5,271 $313K New
XLV SS Health Care Select Sector 0.06% 2,000 $292K No change
AFL Aflac Inc. 0.06% 2,523 $281K No change
HSY The Hershey Co. 0.06% 1,616 $276K Reduce -8.6%
VNQ Vanguard Real Estate ETF 0.06% 3,045 $276K New
IWB iShares Russell 1000 ETF 0.05% 800 $245K No change
VIG Vanguard Dividend Apprec ETF 0.05% 1,239 $240K Reduce -5.8%
XLE SS Energy Select Sector 0.05% 2,539 $237K No change
DE Deere & Co. 0.05% 477 $224K New
ED Consolidated Edison Inc. 0.04% 1,880 $208K New
BDJ BlackRock Enhanced Eqty DVD 0.03% 16,946 $146K No change
CATX Perspective Therapeutics Inc. 0.01% 19,061 $41K No change

Portfolio Sells Q4 2024 → Q1 2025
PGX Invesco Preferred ETF Reduce -90.9% 0.24% −2.43
NVDA Nvidia Corp. Reduce -1.5% 2.00% −0.47
GOOGL Alphabet Inc. Class A Reduce -7.5% 1.54% −0.46
META Meta Platforms Inc. Class A Reduce -15.0% 1.73% −0.30
IEFA iShares Core MSCI Eafe ETF Reduce -14.5% 4.55% −0.29
CRM Salesforce Inc. Reduce -1.9% 1.18% −0.29
PG The Procter & Gamble Co. Reduce -18.5% 1.45% −0.26
SPY SS SPDR S&P 500 ETF Trust-US Reduce -13.9% 1.35% −0.26
AVGO Broadcom Inc. Reduce -2.2% 0.64% −0.25
UPS United Parcel Service Class B Reduce -4.1% 1.32% −0.23
EMR Emerson Electric Co. Reduce -2.1% 1.70% −0.22
ORCL Oracle Corp. Reduce -3.9% 0.99% −0.21
MAS Masco Corp. Reduce -19.6% 0.60% −0.16
PEP Pepsico Inc. Reduce -12.0% 1.15% −0.15
LOW Lowe's Cos Inc. Reduce -14.9% 0.68% −0.15
SPYG SS SPDR P S&P 500 Growth ETF Reduce -16.9% 0.48% −0.14
DLR Digital Realty Trust Inc. Reduce -5.3% 0.46% −0.13
JPM JPMorgan Chase & Co. Reduce -7.0% 3.53% −0.10
OMC Omnicom Group Reduce -22.4% 0.33% −0.10
MRK Merck & Co. Inc. Reduce -7.5% 0.56% −0.10
CAT Caterpillar Inc. Reduce -3.0% 0.86% −0.10
PANW Palo Alto Networks Inc. Reduce -5.2% 0.80% −0.08
USMV iShares MSCI USA Min Vol Fac Sold out 0.00% −0.08
QQQ Invesco QQQ Trust Series 1 Reduce -39.0% 0.10% −0.07
CSCO Cisco Systems Inc. Reduce -9.3% 1.76% −0.07
BA The Boeing Co. Sold out 0.00% −0.05
TGT Target Corp. Sold out 0.00% −0.05
PRU Prudential Financial Inc. Reduce -0.5% 1.09% −0.05
CMCSA Comcast Corp. Class A Reduce -10.5% 0.39% −0.04
CWI State Street SPDR MSCI Acwi Reduce -29.7% 0.13% −0.04
SYY Sysco Corp. Reduce -9.1% 0.30% −0.03
ICE Intercontinental Exchange Inc. Reduce -17.5% 0.91% −0.02
LGLV SPDR US LC Low Vol Idx Reduce -21.6% 0.09% −0.02
QCOM Qualcomm Inc. Reduce -4.5% 0.56% −0.01
HD Home Depot Inc. Reduce -3.9% 0.17% −0.01
MET Metlife Inc. Reduce -1.0% 0.89% −0.01
HSY The Hershey Co. Reduce -8.6% 0.06% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -5.8% 0.05% −0.00
AGG iShares Core U.S. Aggregate Reduce -4.2% 0.59% −0.00
PFG Principal Financial Group Reduce -8.5% 0.11% +0.00
EOG EOG Resources Inc. Reduce -6.0% 0.66% +0.00
DIA SS SPDR Dow Jones Indus Avg Reduce -0.2% 1.32% +0.01
CHE Chemed Corp. Reduce -7.1% 0.08% +0.01
TJX TJX Companies Inc. Reduce -0.6% 0.42% +0.01
MCD McDonald's Corp. Reduce -7.4% 0.71% +0.01
LIN Linde PLC Reduce -9.7% 0.54% +0.01
COP Conocophillips Reduce -4.8% 0.49% +0.01
EXC Exelon Corp. Reduce -11.4% 0.34% +0.03
DUK Duke Energy Corp. Reduce -6.7% 0.59% +0.04
LLY Eli Lilly & Co. Reduce -3.1% 0.97% +0.05

Portfolio Buys Q4 2024 → Q1 2025
IJR iShares Core S&P Small-Cap E Add +41.8% 3.90% +0.93
BLK BlackRock Inc. New 0.75% +0.75
SPHY SS SPDR P High Yield ETF Add +24.5% 2.68% +0.57
ABT Abbott Laboratories Add +660.8% 0.41% +0.36
VTV Vanguard Mrngstr Val ETF-Aui New 0.33% +0.33
JCI Johnson Controls Internation New 0.32% +0.32
IEMG iShares Core MSCI Emerging Add +7.2% 2.54% +0.29
DOW Dow Inc. New 0.26% +0.26
VTI VG Morningstar TS MKT ETF-US New 0.24% +0.24
RTX RTX Corp. Add +4.7% 1.04% +0.19
VZ Verizon Communications Inc. Add +13.8% 0.77% +0.19
CVS CVS Health Corp. Add +15.1% 0.30% +0.13
DFIV Dimensional International Va New 0.13% +0.13
YUM Yum! Brands Inc. Add +3.2% 0.69% +0.13
IWM iShares Russell 2000 ETF New 0.13% +0.13
MDT Medtronic PLC Add +38.1% 0.34% +0.13
FCX Freeport-McMoran Inc. Add +28.4% 0.50% +0.12
DFNM Dimensional National Muni BD New 0.11% +0.11
BMY Bristol-Myers Squibb Co. Add +7.5% 0.65% +0.10
VBR Vngrd Mrngst SL-CP Val ETF-U New 0.10% +0.10
COR Cencora Inc. Add +4.5% 0.39% +0.10
MUB iShares National Muni Bond E New 0.10% +0.10
WM Waste Management Inc. Add +5.5% 0.45% +0.09
VEA Vanguard Ftse Developed ETF New 0.08% +0.08
MEAR Ishrs Short Mat Muni Act ETF New 0.07% +0.07
PLTR Palantir Technologies Inc. Class A Add +0.9% 0.53% +0.07
VGIT Vanguard Intermediate-Term T New 0.07% +0.07
VNQ Vanguard Real Estate ETF New 0.06% +0.06
DE Deere & Co. New 0.05% +0.05
ED Consolidated Edison Inc. New 0.04% +0.04
SCHW Schwab (charles) Corp. Add +1.4% 0.50% +0.04
COST Costco Wholesale Corp. Add +1.7% 0.43% +0.03
ING ING Groep N.V.-Sponsored ADR Add +0.4% 0.13% +0.03
BAC Bank of America Corp. Add +6.7% 0.85% +0.03
DD Dupont DE Nemours Inc. Add +0.0% 0.40% −0.00
WMT Walmart Inc. Add +0.4% 0.50% −0.00
IJH iShares Core S&P Midcap ETF Add +4.5% 4.66% −0.01
IVV iShares Core S&P 500 ETF Add +0.1% 0.39% −0.01
PFE Pfizer Inc. Add +0.3% 0.51% −0.01
TFC Truist Financial Corp. Add +1.8% 0.80% −0.01
HON Honeywell International Inc. Add +1.0% 0.36% −0.01
DIS The Walt Disney Co. Add +7.8% 0.55% −0.01
NKE Nike Inc. Class B Add +2.3% 0.43% −0.06
MS Morgan Stanley Add +1.5% 1.60% −0.06
PYPL PayPal Holdings Inc. Add +6.9% 0.44% −0.09
AMZN Amazon.com Inc. Add +2.2% 1.94% −0.20
ETN Eaton Corp. PLC Add +4.2% 1.41% −0.21
AAPL Apple Inc. Add +3.0% 3.79% −0.27
MSFT Microsoft Corp. Add +0.8% 3.26% −0.30

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