Iowa State Bank

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 3, 2025), Iowa State Bank reported 120 stock positions worth $525.3 million. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 5.4% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 4.8%) and Microsoft (MSFT, 4.0%). Compared with Q2 2025, it opened 5 new positions, sold out of 7, added to 25 and reduced 63. The biggest buy was Alphabet Class A (GOOGL, shares +20%) and the biggest sale Meta Platforms Class A (META, shares −20%).

Most Recent 13F
Q2 2026
Location
URBANDALE, IA
CIK
0001546967
Portfolio Value
$525.3M (Q3 2025)
SEC Filing
0001546967-25-000007 ↗ filed Oct 3, 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 Q1 2025 Q2 2025: $502.1M Q2 2025 Q3 2025: $525.3M $525.3M Q3 2025 Q4 2025: $533.3M Q4 2025 Q1 2026: $543.4M Q1 2026 Q2 2026: $598.4M Q2 2026

Holdings 120 stocks · $525.3M
IEFA iShares Core MSCI Eafe ETF 5.35% 321,974 $28.1M Add +16.4%
IJH iShares Core S&P Midcap ETF 4.76% 383,147 $25.0M Add +2.3%
MSFT Microsoft Corp. 3.98% 40,410 $20.9M Reduce -1.0%
JPM JPMorgan Chase & Co. 3.87% 64,511 $20.3M Reduce -4.1%
AAPL Apple Inc. 3.81% 78,511 $20.0M Reduce -2.2%
IJR iShares Core S&P Small-Cap E 3.65% 161,185 $19.2M Reduce -10.4%
NVDA Nvidia Corp. 3.05% 85,896 $16.0M Reduce -2.1%
IEMG iShares Core MSCI Emerging 2.71% 215,954 $14.2M Reduce -1.9%
GOOGL Alphabet Inc. Class A 2.63% 56,842 $13.8M Add +20.1%
SPHY SS SPDR P High Yield ETF 2.62% 574,739 $13.8M Add +5.0%
ABBV Abbvie Inc. 2.23% 50,667 $11.7M Reduce -2.2%
AMZN Amazon.com Inc. 2.00% 47,932 $10.5M Reduce -1.3%
MS Morgan Stanley 1.82% 60,125 $9.6M Reduce -4.6%
CSCO Cisco Systems Inc. 1.72% 132,071 $9.0M Reduce -1.1%
ORCL Oracle Corp. 1.69% 31,540 $8.9M Reduce -5.7%
EMR Emerson Electric Co. 1.61% 64,597 $8.5M Reduce -6.2%
META Meta Platforms Inc. Class A 1.61% 11,487 $8.4M Reduce -19.9%
BRK.B Berkshire Hathaway Inc. Class B 1.58% 16,506 $8.3M Reduce -0.7%
CAH Cardinal Health Inc. 1.42% 47,373 $7.4M Reduce -5.7%
XOM Exxon Mobil Corp. 1.40% 65,109 $7.3M Add +18.9%
ETN Eaton Corp. PLC 1.38% 19,339 $7.2M Reduce -7.8%
JNJ Johnson & Johnson 1.32% 37,328 $6.9M Reduce -16.7%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.31% 14,840 $6.9M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.28% 10,116 $6.7M Add +0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.26% 23,491 $6.6M Reduce -1.8%
CVX Chevron Corp. 1.21% 41,027 $6.4M Reduce -4.0%
V Visa Inc. Class A 1.18% 18,098 $6.2M Reduce -3.4%
PG The Procter & Gamble Co. 1.15% 39,268 $6.0M Reduce -1.5%
RTX RTX Corp. 1.14% 35,670 $6.0M Reduce -3.7%
PLTR Palantir Technologies Inc. Class A 1.05% 30,238 $5.5M Add +1.7%
AVGO Broadcom Inc. 1.04% 16,574 $5.5M Reduce -9.3%
BRK.A Berkshire Hathaway Inc. Class A 1.00% 7 $5.3M No change
DUK Duke Energy Corp. 0.97% 41,024 $5.1M Add +86.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.96% 97,656 $5.0M Add +0.6%
PRU Prudential Financial Inc. 0.91% 46,127 $4.8M Add +1.1%
YUM Yum! Brands Inc. 0.89% 30,674 $4.7M Add +44.6%
PEP Pepsico Inc. 0.88% 32,835 $4.6M Reduce -7.8%
CRM Salesforce Inc. 0.88% 19,446 $4.6M Reduce -6.0%
CAT Caterpillar Inc. 0.84% 9,223 $4.4M Reduce -2.5%
VZ Verizon Communications Inc. 0.83% 99,420 $4.4M Add +24.0%
BLK BlackRock Inc. 0.82% 3,683 $4.3M Reduce -0.5%
LLY Eli Lilly & Co. 0.81% 5,586 $4.3M Reduce -0.0%
PANW Palo Alto Networks Inc. 0.79% 20,507 $4.2M Reduce -6.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.79% 36,238 $4.1M Add +36.8%
TFC Truist Financial Corp. 0.78% 90,051 $4.1M Add +0.5%
MET Metlife Inc. 0.75% 47,937 $3.9M Add +0.3%
ICE Intercontinental Exchange Inc. 0.71% 22,052 $3.7M Reduce -12.1%
LOW Lowe's Cos Inc. 0.63% 13,198 $3.3M Reduce -1.5%
MCD McDonald's Corp. 0.60% 10,327 $3.1M Reduce -0.5%
AMT American Tower Corp. 0.56% 15,412 $3.0M Reduce -2.1%
WM Waste Management Inc. 0.56% 13,377 $3.0M Add +0.5%
SCHW Schwab (charles) Corp. 0.54% 29,906 $2.9M Reduce -1.7%
HON Honeywell International Inc. 0.53% 13,304 $2.8M Reduce -0.5%
AMGN Amgen Inc. 0.53% 9,853 $2.8M Reduce -0.0%
SPYG SS SPDR P S&P 500 Growth ETF 0.52% 25,966 $2.7M Add +0.3%
UPS United Parcel Service Class B 0.51% 32,378 $2.7M Reduce -33.5%
EOG EOG Resources Inc. 0.51% 23,897 $2.7M Reduce -1.1%
LIN Linde PLC 0.50% 5,526 $2.6M Add +2.7%
MAS Masco Corp. 0.49% 36,700 $2.6M Reduce -10.8%
GILD Gilead Sciences Inc. 0.49% 23,216 $2.6M Reduce -5.2%
WMT Walmart Inc. 0.49% 24,920 $2.6M Reduce -7.5%
DLR Digital Realty Trust Inc. 0.48% 14,656 $2.5M Reduce -0.3%
T AT&T Inc. 0.47% 87,576 $2.5M New
ADI Analog Devices Inc. 0.45% 9,699 $2.4M Add +4.7%
PFE Pfizer Inc. 0.45% 93,252 $2.4M Reduce -0.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.42% 15,282 $2.2M Reduce -7.2%
BMY Bristol-Myers Squibb Co. 0.42% 48,882 $2.2M Reduce -0.7%
AGG iShares Core U.S. Aggregate 0.41% 21,735 $2.2M Reduce -11.3%
JCI Johnson Controls Internation 0.41% 19,744 $2.2M Add +0.7%
IVV iShares Core S&P 500 ETF 0.41% 3,201 $2.1M Reduce -1.0%
COR Cencora Inc. 0.40% 6,761 $2.1M Add +0.0%
PYPL PayPal Holdings Inc. 0.40% 31,381 $2.1M Reduce -1.9%
MDLZ Mondelez International Inc. Class A 0.40% 33,674 $2.1M Reduce -2.7%
NKE Nike Inc. Class B 0.39% 29,019 $2.0M Reduce -8.5%
ABT Abbott Laboratories 0.38% 14,742 $2.0M Add +0.6%
DD Dupont DE Nemours Inc. 0.37% 25,270 $2.0M Reduce -1.4%
COST Costco Wholesale Corp. 0.37% 2,087 $1.9M Reduce -5.0%
FCX Freeport-McMoran Inc. 0.36% 48,846 $1.9M Reduce -22.7%
MDT Medtronic PLC 0.33% 18,435 $1.8M Add +1.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.32% 8,891 $1.7M No change
CVS CVS Health Corp. 0.31% 21,634 $1.6M Add +4.0%
SYY Sysco Corp. 0.29% 18,355 $1.5M Reduce -0.4%
EXC Exelon Corp. 0.28% 33,264 $1.5M Reduce -0.2%
CMCSA Comcast Corp. Class A 0.28% 47,542 $1.5M Reduce -0.8%
NSC Norfolk Southern Corp. 0.28% 4,925 $1.5M Add +3.5%
VTI VG Morningstar TS MKT ETF-US 0.25% 4,046 $1.3M No change
BBWI Bath & Body Works Inc. 0.24% 48,287 $1.2M New
HD Home Depot Inc. 0.17% 2,158 $874K No change
ING ING Groep N.V.-Sponsored ADR 0.16% 31,588 $824K Reduce -0.2%
IWM iShares Russell 2000 ETF 0.14% 3,090 $748K No change
DFIV Dimensional International Va 0.14% 15,812 $729K No change
CWI State Street SPDR MSCI Acwi 0.12% 17,675 $617K Reduce -1.8%
DFNM Dimensional National Muni BD 0.10% 11,271 $541K No change
QQQ Invesco QQQ Trust Series 1 0.10% 892 $536K No change
WFC Wells Fargo & Co. 0.10% 6,332 $531K New
VBR Vngrd Mrngst SL-CP Val ETF-U 0.10% 2,531 $528K No change
IHF iShares U.S. Healthcare Prov 0.09% 10,000 $494K No change
QCOM Qualcomm Inc. 0.09% 2,908 $484K Reduce -13.1%
PFG Principal Financial Group 0.09% 5,730 $475K Reduce -0.7%
VEA Vanguard Ftse Developed ETF 0.09% 7,511 $450K No change
MUB iShares National Muni Bond E 0.08% 4,126 $439K No change
SPYV SS SPDR P S&P 500 Value ETF 0.07% 7,100 $393K No change
MEAR Ishrs Short Mat Muni Act ETF 0.06% 6,649 $336K No change
VGIT Vanguard Intermediate-Term T 0.06% 5,271 $316K No change
LGLV SPDR US LC Low Vol Idx 0.06% 1,660 $296K No change
HSY The Hershey Co. 0.06% 1,571 $294K No change
IWB iShares Russell 1000 ETF 0.06% 800 $292K No change
MRK Merck & Co. Inc. 0.05% 3,404 $286K Reduce -88.0%
AFL Aflac Inc. 0.05% 2,523 $282K No change
VNQ Vanguard Real Estate ETF 0.05% 3,045 $278K No change
XLV SS Health Care Select Sector 0.05% 2,000 $278K No change
DE Deere & Co. 0.05% 601 $275K Reduce -0.5%
VIG Vanguard Dividend Apprec ETF 0.05% 1,239 $267K No change
RY Royal Bank of Canada 0.04% 1,553 $229K No change
XLE SS Energy Select Sector 0.04% 2,539 $227K No change
PRF Invesco Rafi US 1000 ETF 0.04% 4,750 $215K No change
RJF Raymond James Financial Inc. 0.04% 1,187 $205K New
IWL iShares Russell Top 200 ETF 0.04% 1,222 $203K New
BDJ BlackRock Enhanced Eqty DVD 0.03% 14,696 $134K Reduce -13.3%
CATX Perspective Therapeutics Inc. 0.01% 19,061 $65K No change

Portfolio Sells Q2 2025 → Q3 2025
META Meta Platforms Inc. Class A Reduce -19.9% 1.61% −0.50
UPS United Parcel Service Class B Reduce -33.5% 0.51% −0.46
COP Conocophillips Sold out 0.00% −0.40
MRK Merck & Co. Inc. Reduce -88.0% 0.05% −0.39
Community State Bank Capital Stock Sold out 0.00% −0.28
IJR iShares Core S&P Small-Cap E Reduce -10.4% 3.65% −0.27
CAH Cardinal Health Inc. Reduce -5.7% 1.42% −0.26
OMC Omnicom Group Sold out 0.00% −0.26
CRM Salesforce Inc. Reduce -6.0% 0.88% −0.25
EMR Emerson Electric Co. Reduce -6.2% 1.61% −0.22
ICE Intercontinental Exchange Inc. Reduce -12.1% 0.71% −0.21
DOW Dow Inc. Sold out 0.00% −0.19
FCX Freeport-McMoran Inc. Reduce -22.7% 0.36% −0.18
V Visa Inc. Class A Reduce -3.4% 1.18% −0.15
PGX Invesco Preferred ETF Sold out 0.00% −0.14
IBM Intl Business Machines Corp. Reduce -1.8% 1.26% −0.14
AMT American Tower Corp. Reduce -2.1% 0.56% −0.13
CSCO Cisco Systems Inc. Reduce -1.1% 1.72% −0.12
AMZN Amazon.com Inc. Reduce -1.3% 2.00% −0.12
PG The Procter & Gamble Co. Reduce -1.5% 1.15% −0.12
ETN Eaton Corp. PLC Reduce -7.8% 1.38% −0.11
PANW Palo Alto Networks Inc. Reduce -6.9% 0.79% −0.10
HON Honeywell International Inc. Reduce -0.5% 0.53% −0.09
PYPL PayPal Holdings Inc. Reduce -1.9% 0.40% −0.07
AGG iShares Core U.S. Aggregate Reduce -11.3% 0.41% −0.07
COST Costco Wholesale Corp. Reduce -5.0% 0.37% −0.07
EOG EOG Resources Inc. Reduce -1.1% 0.51% −0.07
MDLZ Mondelez International Inc. Class A Reduce -2.7% 0.40% −0.06
NKE Nike Inc. Class B Reduce -8.5% 0.39% −0.06
CHE Chemed Corp. Sold out 0.00% −0.06
MSFT Microsoft Corp. Reduce -1.0% 3.98% −0.06
PEP Pepsico Inc. Reduce -7.8% 0.88% −0.06
CMCSA Comcast Corp. Class A Reduce -0.8% 0.28% −0.06
LLY Eli Lilly & Co. Reduce -0.0% 0.81% −0.06
GILD Gilead Sciences Inc. Reduce -5.2% 0.49% −0.05
JNJ Johnson & Johnson Reduce -16.7% 1.32% −0.05
BA The Boeing Co. Sold out 0.00% −0.04
MAS Masco Corp. Reduce -10.8% 0.49% −0.04
WMT Walmart Inc. Reduce -7.5% 0.49% −0.04
BMY Bristol-Myers Squibb Co. Reduce -0.7% 0.42% −0.03
DLR Digital Realty Trust Inc. Reduce -0.3% 0.48% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.7% 1.58% −0.03
AMGN Amgen Inc. Reduce -0.0% 0.53% −0.02
QCOM Qualcomm Inc. Reduce -13.1% 0.09% −0.01
JPM JPMorgan Chase & Co. Reduce -4.1% 3.87% −0.01
SCHW Schwab (charles) Corp. Reduce -1.7% 0.54% −0.01
DE Deere & Co. Reduce -0.5% 0.05% −0.01
MCD McDonald's Corp. Reduce -0.5% 0.60% −0.01
CVX Chevron Corp. Reduce -4.0% 1.21% −0.01
BDJ BlackRock Enhanced Eqty DVD Reduce -13.3% 0.03% −0.00

Portfolio Buys Q2 2025 → Q3 2025
GOOGL Alphabet Inc. Class A Add +20.1% 2.63% +0.97
IEFA iShares Core MSCI Eafe ETF Add +16.4% 5.35% +0.75
T AT&T Inc. New 0.47% +0.47
DUK Duke Energy Corp. Add +86.3% 0.97% +0.45
YUM Yum! Brands Inc. Add +44.6% 0.89% +0.26
PLTR Palantir Technologies Inc. Class A Add +1.7% 1.05% +0.24
BBWI Bath & Body Works Inc. New 0.24% +0.24
XOM Exxon Mobil Corp. Add +18.9% 1.40% +0.22
VZ Verizon Communications Inc. Add +24.0% 0.83% +0.14
DIS The Walt Disney Co. Add +36.8% 0.79% +0.14
IJH iShares Core S&P Midcap ETF Add +2.3% 4.76% +0.13
WFC Wells Fargo & Co. New 0.10% +0.10
BAC Bank of America Corp. Add +0.6% 0.96% +0.04
SPY SS SPDR S&P 500 ETF Trust-US Add +0.5% 1.28% +0.04
NSC Norfolk Southern Corp. Add +3.5% 0.28% +0.04
RJF Raymond James Financial Inc. New 0.04% +0.04
IWL iShares Russell Top 200 ETF New 0.04% +0.04
SPYG SS SPDR P S&P 500 Growth ETF Add +0.3% 0.52% +0.03
CVS CVS Health Corp. Add +4.0% 0.31% +0.02
SPHY SS SPDR P High Yield ETF Add +5.0% 2.62% +0.02
MDT Medtronic PLC Add +1.4% 0.33% +0.02
TFC Truist Financial Corp. Add +0.5% 0.78% +0.02
ADI Analog Devices Inc. Add +4.7% 0.45% +0.01
JCI Johnson Controls Internation Add +0.7% 0.41% +0.00
COR Cencora Inc. Add +0.0% 0.40% −0.00
LIN Linde PLC Add +2.7% 0.50% −0.00
MET Metlife Inc. Add +0.3% 0.75% −0.01
ABT Abbott Laboratories Add +0.6% 0.38% −0.02
WM Waste Management Inc. Add +0.5% 0.56% −0.04
PRU Prudential Financial Inc. Add +1.1% 0.91% −0.07

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