Iowa State Bank

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 6, 2026), Iowa State Bank reported 120 stock positions worth $533.3 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 Apple (AAPL, 4.0%). Compared with Q3 2025, it opened 3 new positions, sold out of 3, added to 27 and reduced 64. The biggest buy was Alphabet Class A (GOOGL, shares +11%) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
URBANDALE, IA
CIK
0001546967
Portfolio Value
$533.3M (Q4 2025)
SEC Filing
0001546967-26-000001 ↗ filed Jan 6, 2026

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 Q3 2025 Q4 2025: $533.3M $533.3M Q4 2025 Q1 2026: $543.4M Q1 2026 Q2 2026: $598.4M Q2 2026

Holdings 120 stocks · $533.3M
IEFA iShares Core MSCI Eafe ETF 5.43% 323,863 $29.0M Add +0.6%
IJH iShares Core S&P Midcap ETF 4.78% 385,910 $25.5M Add +0.7%
AAPL Apple Inc. 4.01% 78,568 $21.4M Add +0.1%
JPM JPMorgan Chase & Co. 3.85% 63,767 $20.5M Reduce -1.1%
GOOGL Alphabet Inc. Class A 3.71% 63,241 $19.8M Add +11.3%
MSFT Microsoft Corp. 3.64% 40,097 $19.4M Reduce -0.8%
IJR iShares Core S&P Small-Cap E 3.58% 158,652 $19.1M Reduce -1.6%
NVDA Nvidia Corp. 3.09% 88,427 $16.5M Add +3.0%
IEMG iShares Core MSCI Emerging 2.69% 213,425 $14.3M Reduce -1.2%
SPHY SS SPDR P High Yield ETF 2.65% 596,768 $14.1M Add +3.8%
ABBV Abbvie Inc. 2.16% 50,366 $11.5M Reduce -0.6%
AMZN Amazon.com Inc. 2.10% 48,610 $11.2M Add +1.4%
MS Morgan Stanley 1.98% 59,602 $10.6M Reduce -0.9%
CSCO Cisco Systems Inc. 1.88% 130,226 $10.0M Reduce -1.4%
CAH Cardinal Health Inc. 1.82% 47,315 $9.7M Reduce -0.1%
EMR Emerson Electric Co. 1.60% 64,458 $8.6M Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 1.55% 16,416 $8.3M Reduce -0.6%
XOM Exxon Mobil Corp. 1.45% 64,163 $7.7M Reduce -1.4%
META Meta Platforms Inc. Class A 1.43% 11,555 $7.6M Add +0.6%
JNJ Johnson & Johnson 1.43% 36,846 $7.6M Reduce -1.3%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.34% 14,840 $7.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.33% 10,406 $7.1M Add +2.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.27% 22,805 $6.8M Reduce -2.9%
RTX RTX Corp. 1.22% 35,448 $6.5M Reduce -0.6%
V Visa Inc. Class A 1.17% 17,848 $6.3M Reduce -1.4%
ORCL Oracle Corp. 1.16% 31,697 $6.2M Add +0.5%
ETN Eaton Corp. PLC 1.15% 19,311 $6.2M Reduce -0.1%
LLY Eli Lilly & Co. 1.14% 5,656 $6.1M Add +1.3%
CVX Chevron Corp. 1.13% 39,675 $6.0M Reduce -3.3%
AVGO Broadcom Inc. 1.08% 16,583 $5.7M Add +0.1%
PLTR Palantir Technologies Inc. Class A 1.04% 31,289 $5.6M Add +3.5%
PG The Procter & Gamble Co. 1.02% 38,027 $5.4M Reduce -3.2%
BRK.A Berkshire Hathaway Inc. Class A 0.99% 7 $5.3M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.98% 95,090 $5.2M Reduce -2.6%
CAT Caterpillar Inc. 0.97% 9,050 $5.2M Reduce -1.9%
PRU Prudential Financial Inc. 0.96% 45,341 $5.1M Reduce -1.7%
CRM Salesforce Inc. 0.90% 18,191 $4.8M Reduce -6.5%
DUK Duke Energy Corp. 0.89% 40,328 $4.7M Reduce -1.7%
YUM Yum! Brands Inc. 0.87% 30,549 $4.6M Reduce -0.4%
PEP Pepsico Inc. 0.85% 31,707 $4.6M Reduce -3.4%
TFC Truist Financial Corp. 0.81% 87,254 $4.3M Reduce -3.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.78% 36,408 $4.1M Add +0.5%
VZ Verizon Communications Inc. 0.73% 96,128 $3.9M Reduce -3.3%
BLK BlackRock Inc. 0.72% 3,600 $3.9M Reduce -2.3%
PANW Palo Alto Networks Inc. 0.72% 20,834 $3.8M Add +1.6%
MET Metlife Inc. 0.69% 46,459 $3.7M Reduce -3.1%
ICE Intercontinental Exchange Inc. 0.67% 22,092 $3.6M Add +0.2%
UPS United Parcel Service Class B 0.60% 32,188 $3.2M Reduce -0.6%
AMGN Amgen Inc. 0.59% 9,631 $3.2M Reduce -2.3%
LOW Lowe's Cos Inc. 0.58% 12,934 $3.1M Reduce -2.0%
MCD McDonald's Corp. 0.58% 10,146 $3.1M Reduce -1.8%
SCHW Schwab (charles) Corp. 0.57% 30,266 $3.0M Add +1.2%
WM Waste Management Inc. 0.55% 13,335 $2.9M Reduce -0.3%
GILD Gilead Sciences Inc. 0.52% 22,704 $2.8M Reduce -2.2%
WMT Walmart Inc. 0.52% 24,754 $2.8M Reduce -0.7%
SPYG SS SPDR P S&P 500 Growth ETF 0.51% 25,606 $2.7M Reduce -1.4%
ADI Analog Devices Inc. 0.50% 9,846 $2.7M Add +1.5%
HON Honeywell International Inc. 0.48% 13,250 $2.6M Reduce -0.4%
AMT American Tower Corp. 0.47% 14,380 $2.5M Reduce -6.7%
BMY Bristol-Myers Squibb Co. 0.47% 46,798 $2.5M Reduce -4.3%
AGG iShares Core U.S. Aggregate 0.47% 25,173 $2.5M Add +15.8%
FCX Freeport-McMoran Inc. 0.47% 49,059 $2.5M Add +0.4%
JCI Johnson Controls Internation 0.45% 19,989 $2.4M Add +1.2%
EOG EOG Resources Inc. 0.45% 22,714 $2.4M Reduce -5.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.44% 15,439 $2.4M Add +1.0%
COR Cencora Inc. 0.43% 6,853 $2.3M Add +1.4%
LIN Linde PLC 0.43% 5,414 $2.3M Reduce -2.0%
DLR Digital Realty Trust Inc. 0.42% 14,382 $2.2M Reduce -1.9%
PFE Pfizer Inc. 0.42% 89,258 $2.2M Reduce -4.3%
IVV iShares Core S&P 500 ETF 0.41% 3,201 $2.2M No change
MAS Masco Corp. 0.41% 34,457 $2.2M Reduce -6.1%
T AT&T Inc. 0.39% 84,612 $2.1M Reduce -3.4%
COST Costco Wholesale Corp. 0.34% 2,090 $1.8M Add +0.1%
ABT Abbott Laboratories 0.33% 13,927 $1.7M Reduce -5.5%
MDT Medtronic PLC 0.32% 18,015 $1.7M Reduce -2.3%
MDLZ Mondelez International Inc. Class A 0.32% 31,854 $1.7M Reduce -5.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.32% 8,891 $1.7M No change
NKE Nike Inc. Class B 0.32% 26,442 $1.7M Reduce -8.9%
CVS CVS Health Corp. 0.32% 21,223 $1.7M Reduce -1.9%
PYPL PayPal Holdings Inc. 0.31% 28,540 $1.7M Reduce -9.1%
EXC Exelon Corp. 0.27% 32,692 $1.4M Reduce -1.7%
NSC Norfolk Southern Corp. 0.26% 4,821 $1.4M Reduce -2.1%
VTI VG Morningstar TS MKT ETF-US 0.25% 4,046 $1.4M No change
SYY Sysco Corp. 0.24% 17,602 $1.3M Reduce -4.1%
DD Dupont DE Nemours Inc. 0.19% 25,487 $1.0M Add +0.9%
ING ING Groep N.V.-Sponsored ADR 0.17% 31,588 $884K No change
DFIV Dimensional International Va 0.15% 15,812 $789K No change
IWM iShares Russell 2000 ETF 0.14% 3,090 $761K No change
HD Home Depot Inc. 0.13% 1,980 $681K Reduce -8.3%
CWI State Street SPDR MSCI Acwi 0.12% 17,548 $630K Reduce -0.7%
QQQ Invesco QQQ Trust Series 1 0.12% 1,022 $628K Add +14.6%
WFC Wells Fargo & Co. 0.11% 6,282 $585K Reduce -0.8%
DFNM Dimensional National Muni BD 0.10% 11,271 $543K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.10% 2,531 $536K No change
PFG Principal Financial Group 0.09% 5,730 $505K No change
QCOM Qualcomm Inc. 0.09% 2,840 $486K Reduce -2.3%
IHF iShares U.S. Healthcare Prov 0.09% 10,000 $479K No change
VEA Vanguard Ftse Developed ETF 0.09% 7,511 $469K No change
MUB iShares National Muni Bond E 0.08% 4,126 $442K No change
SPYV SS SPDR P S&P 500 Value ETF 0.08% 7,100 $403K No change
XLK SS Technology Select Sector 0.07% 2,662 $383K New
MEAR Ishrs Short Mat Muni Act ETF 0.06% 6,649 $335K No change
VGIT Vanguard Intermediate-Term T 0.06% 5,271 $316K No change
XLF SS Financial Select Sector 0.06% 5,750 $315K New
XLV SS Health Care Select Sector 0.06% 2,000 $310K No change
XLE SS Energy Select Sector 0.06% 6,864 $307K Add +35.2%
IWB iShares Russell 1000 ETF 0.06% 800 $299K No change
MRK Merck & Co. Inc. 0.06% 2,820 $297K Reduce -17.2%
AFL Aflac Inc. 0.05% 2,523 $278K No change
VNQ Vanguard Real Estate ETF 0.05% 3,045 $269K No change
DE Deere & Co. 0.05% 574 $267K Reduce -4.5%
RY Royal Bank of Canada 0.05% 1,553 $265K No change
LGLV SPDR US LC Low Vol Idx 0.05% 1,491 $262K Reduce -10.2%
VIG Vanguard Dividend Apprec ETF 0.05% 1,179 $259K Reduce -4.8%
HSY The Hershey Co. 0.04% 1,278 $233K Reduce -18.6%
PRF Invesco Rafi US 1000 ETF 0.04% 4,750 $223K No change
XLP SS Consumer Staples Sel Sect 0.04% 2,780 $216K New
IWL iShares Russell Top 200 ETF 0.04% 1,222 $209K No change
BDJ BlackRock Enhanced Eqty DVD 0.03% 14,696 $139K No change
CATX Perspective Therapeutics Inc. 0.01% 19,061 $52K No change

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -0.8% 3.64% −0.35
CMCSA Comcast Corp. Class A Sold out 0.00% −0.28
BBWI Bath & Body Works Inc. Sold out 0.00% −0.24
ETN Eaton Corp. PLC Reduce -0.1% 1.15% −0.22
PG The Procter & Gamble Co. Reduce -3.2% 1.02% −0.13
VZ Verizon Communications Inc. Reduce -3.3% 0.73% −0.10
BLK BlackRock Inc. Reduce -2.3% 0.72% −0.09
AMT American Tower Corp. Reduce -6.7% 0.47% −0.09
PYPL PayPal Holdings Inc. Reduce -9.1% 0.31% −0.09
MAS Masco Corp. Reduce -6.1% 0.41% −0.08
DUK Duke Energy Corp. Reduce -1.7% 0.89% −0.08
MDLZ Mondelez International Inc. Class A Reduce -5.4% 0.32% −0.08
CVX Chevron Corp. Reduce -3.3% 1.13% −0.08
T AT&T Inc. Reduce -3.4% 0.39% −0.08
ABBV Abbvie Inc. Reduce -0.6% 2.16% −0.08
IJR iShares Core S&P Small-Cap E Reduce -1.6% 3.58% −0.07
NKE Nike Inc. Class B Reduce -8.9% 0.32% −0.07
LIN Linde PLC Reduce -2.0% 0.43% −0.07
DLR Digital Realty Trust Inc. Reduce -1.9% 0.42% −0.07
MET Metlife Inc. Reduce -3.1% 0.69% −0.06
EOG EOG Resources Inc. Reduce -5.0% 0.45% −0.06
ABT Abbott Laboratories Reduce -5.5% 0.33% −0.05
HON Honeywell International Inc. Reduce -0.4% 0.48% −0.05
LOW Lowe's Cos Inc. Reduce -2.0% 0.58% −0.05
SYY Sysco Corp. Reduce -4.1% 0.24% −0.04
RJF Raymond James Financial Inc. Sold out 0.00% −0.04
HD Home Depot Inc. Reduce -8.3% 0.13% −0.04
PFE Pfizer Inc. Reduce -4.3% 0.42% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.6% 1.55% −0.03
PEP Pepsico Inc. Reduce -3.4% 0.85% −0.02
YUM Yum! Brands Inc. Reduce -0.4% 0.87% −0.02
NSC Norfolk Southern Corp. Reduce -2.1% 0.26% −0.02
JPM JPMorgan Chase & Co. Reduce -1.1% 3.85% −0.02
IEMG iShares Core MSCI Emerging Reduce -1.2% 2.69% −0.02
EXC Exelon Corp. Reduce -1.7% 0.27% −0.02
MCD McDonald's Corp. Reduce -1.8% 0.58% −0.02
WM Waste Management Inc. Reduce -0.3% 0.55% −0.01
HSY The Hershey Co. Reduce -18.6% 0.04% −0.01
MDT Medtronic PLC Reduce -2.3% 0.32% −0.01
EMR Emerson Electric Co. Reduce -0.2% 1.60% −0.01
LGLV SPDR US LC Low Vol Idx Reduce -10.2% 0.05% −0.01
SPYG SS SPDR P S&P 500 Growth ETF Reduce -1.4% 0.51% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -4.8% 0.05% −0.00
V Visa Inc. Class A Reduce -1.4% 1.17% −0.00
DE Deere & Co. Reduce -4.5% 0.05% −0.00
QCOM Qualcomm Inc. Reduce -2.3% 0.09% −0.00
CWI State Street SPDR MSCI Acwi Reduce -0.7% 0.12% +0.00
MRK Merck & Co. Inc. Reduce -17.2% 0.06% +0.00
IBM Intl Business Machines Corp. Reduce -2.9% 1.27% +0.01
CVS CVS Health Corp. Reduce -1.9% 0.32% +0.01

Portfolio Buys Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Add +11.3% 3.71% +1.08
LLY Eli Lilly & Co. Add +1.3% 1.14% +0.33
AAPL Apple Inc. Add +0.1% 4.01% +0.20
FCX Freeport-McMoran Inc. Add +0.4% 0.47% +0.10
AMZN Amazon.com Inc. Add +1.4% 2.10% +0.10
IEFA iShares Core MSCI Eafe ETF Add +0.6% 5.43% +0.08
XLK SS Technology Select Sector New 0.07% +0.07
XLF SS Financial Select Sector New 0.06% +0.06
AGG iShares Core U.S. Aggregate Add +15.8% 0.47% +0.06
SPY SS SPDR S&P 500 ETF Trust-US Add +2.9% 1.33% +0.05
ADI Analog Devices Inc. Add +1.5% 0.50% +0.05
NVDA Nvidia Corp. Add +3.0% 3.09% +0.04
XLP SS Consumer Staples Sel Sect New 0.04% +0.04
JCI Johnson Controls Internation Add +1.2% 0.45% +0.04
AVGO Broadcom Inc. Add +0.1% 1.08% +0.04
COR Cencora Inc. Add +1.4% 0.43% +0.03
SPHY SS SPDR P High Yield ETF Add +3.8% 2.65% +0.03
TJX TJX Companies Inc. Add +1.0% 0.44% +0.02
SCHW Schwab (charles) Corp. Add +1.2% 0.57% +0.02
IJH iShares Core S&P Midcap ETF Add +0.7% 4.78% +0.02
QQQ Invesco QQQ Trust Series 1 Add +14.6% 0.12% +0.02
XLE SS Energy Select Sector Add +35.2% 0.06% +0.01
PLTR Palantir Technologies Inc. Class A Add +3.5% 1.04% −0.01
DIS The Walt Disney Co. Add +0.5% 0.78% −0.01
COST Costco Wholesale Corp. Add +0.1% 0.34% −0.03
ICE Intercontinental Exchange Inc. Add +0.2% 0.67% −0.04
PANW Palo Alto Networks Inc. Add +1.6% 0.72% −0.08
META Meta Platforms Inc. Class A Add +0.6% 1.43% −0.18
DD Dupont DE Nemours Inc. Add +0.9% 0.19% −0.18
ORCL Oracle Corp. Add +0.5% 1.16% −0.53

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