West Bancorporation Inc.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), West Bancorporation Inc. reported 95 stock positions worth $233.8 million. Its top holding was iShares Russell 1000 Growth (IWF) at 7.8% of the portfolio, followed by iShares Russell 1000 Value E (IWD, 7.3%) and Vanguard High DVD Yield ETF (VYM, 6.4%). Compared with Q1 2026, it opened 5 new positions, sold out of 8, added to 21 and reduced 44. The biggest buy was Vngrd Mrngstr MD-Cap ETF-Usd (VO, shares +144%) and the biggest sale Vanguard Dividend Apprec ETF (VIG, shares −57%).

Most Recent 13F
Q2 2026
Location
WEST DES MOINES, IA
CIK
0001166928
Portfolio Value
$233.8M (Q2 2026)
SEC Filing
0001166928-26-000037 ↗ filed Jul 23, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $152.1M Q1 2024 Q2 2024: $135.2M Q2 2024 Q3 2024: $149.9M Q3 2024 Q4 2024: $152.2M Q4 2024 Q1 2025: $147.2M Q1 2025 Q2 2025: $158.3M Q2 2025 Q3 2025: $179.9M Q3 2025 Q4 2025: $190.9M Q4 2025 Q1 2026: $200.4M Q1 2026 Q2 2026: $233.8M $233.8M Q2 2026

Holdings 95 stocks · $233.8M
IWF iShares Russell 1000 Growth 7.81% 147,096 $18.3M Reduce -0.4%
IWD iShares Russell 1000 Value E 7.31% 70,539 $17.1M Reduce -3.5%
VYM Vanguard High DVD Yield ETF 6.39% 94,584 $14.9M Add +6.8%
VYMI Vanguard Int High DVD YLD Inc. 6.20% 147,657 $14.5M Add +10.8%
IWR iShares Russell Mid-Cap ETF 5.42% 114,958 $12.7M Add +8.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 5.38% 155,999 $12.6M Add +144.4%
VOO Vanguard S&P 500 ETF 5.13% 17,468 $12.0M Reduce -0.1%
VUG Vanguard Mrngstar GR ETF-Sui 4.75% 129,076 $11.1M Add +38.3%
WTBA West Bancorporation 4.71% 415,411 $11.0M Reduce -0.7%
IVV iShares Core S&P 500 ETF 4.10% 12,811 $9.6M Reduce -3.7%
SPY SS SPDR S&P 500 ETF Trust-US 4.05% 12,676 $9.5M No change
VB Vanguard Most SM-Cap ETF-Usd 3.19% 24,582 $7.5M Add +3.8%
VEA Vanguard Ftse Developed ETF 2.81% 92,168 $6.6M Add +7.2%
QQQ Invesco QQQ Trust Series 1 2.54% 8,078 $5.9M Add +33.5%
AAPL Apple Inc. 2.03% 16,400 $4.7M Reduce -4.1%
VTV Vanguard Mrngstr Val ETF-Aui 2.02% 21,664 $4.7M Add +38.4%
BAM Brookfield Asset Mgmt-A 1.79% 93,091 $4.2M No change
MSFT Microsoft Corp. 1.39% 8,703 $3.2M Reduce -5.2%
VEU Vanguard Ftse All-World Ex-U 1.32% 36,958 $3.1M Reduce -7.4%
IWM iShares Russell 2000 ETF 1.27% 9,898 $3.0M Reduce -10.7%
ACWI iShares MSCI Acwi ETF 1.18% 17,531 $2.8M Reduce -2.0%
JPM JPMorgan Chase & Co. 0.87% 6,244 $2.0M Reduce -5.4%
GOOG Alphabet Inc. Class C 0.85% 5,629 $2.0M Reduce -11.6%
SCHD Schwab US DVD Equity ETF 0.70% 51,986 $1.6M Reduce -4.7%
NVDA Nvidia Corp. 0.62% 7,251 $1.5M Reduce -13.4%
IEFA iShares Core MSCI Eafe ETF 0.62% 14,920 $1.4M Reduce -7.1%
ADX Adams Diversified Equity 0.54% 49,490 $1.3M Add +5.5%
PFG Principal Financial Group 0.54% 11,714 $1.3M Add +10.4%
ABBV Abbvie Inc. 0.53% 4,940 $1.2M No change
COST Costco Wholesale Corp. 0.50% 1,255 $1.2M Reduce -4.2%
AMZN Amazon.com Inc. 0.50% 4,902 $1.2M Reduce -16.1%
RPG Invesco S&P 500 Pure Growth 0.47% 17,164 $1.1M No change
RSP Invesco S&P 500 Equal Weight 0.45% 4,922 $1.0M Add +13.2%
META Meta Platforms Inc. Class A 0.42% 1,763 $993K Reduce -6.2%
CSCO Cisco Systems Inc. 0.42% 8,385 $985K No change
VIG Vanguard Dividend Apprec ETF 0.42% 4,137 $979K Reduce -57.4%
MCD McDonald's Corp. 0.39% 3,362 $909K No change
WMT Walmart Inc. 0.38% 7,943 $900K Reduce -5.4%
BRK.B Berkshire Hathaway Inc. Class B 0.37% 1,708 $855K Add +1.8%
SO The Southern Co. 0.34% 8,285 $793K Reduce -15.6%
WFC Wells Fargo & Co. 0.34% 9,555 $790K Reduce -2.8%
VOOV Vanguard S&P 500 Value ETF 0.32% 3,450 $756K No change
ITOT iShares Core S&P Total U.S. 0.32% 4,513 $741K No change
LRCX Lam Research Corp. 0.32% 1,704 $738K Reduce -12.3%
ROST Ross Stores Inc. 0.31% 3,439 $732K No change
LLY Eli Lilly & Co. 0.31% 604 $724K Reduce -9.8%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.30% 2,318 $710K No change
PRF Invesco Rafi US 1000 ETF 0.30% 12,942 $699K No change
GOOGL Alphabet Inc. Class A 0.29% 1,912 $683K No change
JNJ Johnson & Johnson 0.26% 2,396 $609K Add +38.5%
MO Altria Group Inc. 0.24% 7,848 $565K Add +20.4%
GSLC Goldman Activebeta US LC ETF 0.22% 3,629 $515K No change
FAST Fastenal Co. 0.20% 9,906 $476K Reduce -14.1%
CVX Chevron Corp. 0.20% 2,863 $475K Add +26.5%
EFA iShares MSCI Eafe ETF 0.19% 4,309 $448K Reduce -8.9%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.19% 1,214 $444K Reduce -11.2%
NUSC Nuveen ESG Small-Cap ETF 0.19% 8,485 $442K Add +6.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 1,565 $440K No change
PFE Pfizer Inc. 0.19% 17,975 $433K Reduce -9.1%
AVGO Broadcom Inc. 0.18% 1,135 $429K Add +7.6%
ABT Abbott Laboratories 0.18% 4,713 $428K Reduce -8.3%
XOM Exxon Mobil Corp. 0.17% 2,893 $396K Reduce -4.1%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.17% 1,991 $393K No change
MU Micron Technology Inc. 0.16% 334 $386K New
HON Honeywell International Inc. 0.15% 1,513 $360K Add +1.4%
SDY SS SPDR S&P Dividend ETF 0.15% 2,336 $355K Reduce -13.0%
GLD SPDR Gold Shares 0.15% 934 $344K No change
APH Amphenol Corp. Class A 0.15% 1,938 $342K Reduce -23.1%
IJR iShares Core S&P Small-Cap E 0.15% 2,292 $340K Add +1.5%
P Everpure Inc. Class A 0.14% 4,299 $339K No change
CHE Chemed Corp. 0.13% 650 $303K No change
V Visa Inc. Class A 0.13% 878 $301K Add +2.7%
PG The Procter & Gamble Co. 0.13% 2,045 $300K Reduce -40.0%
IAU iShares Gold Trust 0.13% 3,961 $299K No change
SNPE Xtrckr S&P 500 Scor&scrn ETF 0.12% 4,035 $278K No change
CTVA Corteva Inc. 0.12% 3,262 $276K Reduce -24.7%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.12% 1,111 $270K Reduce -33.1%
VCR Vanguard Consumer Discre ETF 0.12% 680 $270K No change
AEP American Electric Power 0.11% 1,941 $266K Reduce -21.8%
IJK iShares S&P Mid-Cap 400 Grow 0.11% 2,140 $251K No change
MNST Monster Beverage Corp. 0.10% 2,473 $238K Reduce -24.4%
PM Philip Morris International 0.10% 1,305 $236K Reduce -19.3%
JEPI JPMorgan Equity Premium Inco 0.10% 4,150 $234K Reduce -65.3%
XLI SS Industrial Select Sector 0.10% 1,257 $233K No change
FLEX Flex Ltd. 0.10% 1,431 $232K New
QDEF NT Qual Div Def ETF 0.10% 2,664 $232K No change
BSV Vanguard Short-Term Bond ETF 0.10% 2,886 $225K New
VDE Vanguard Energy ETF 0.10% 1,495 $224K No change
CASY Casey's General Stores Inc. 0.09% 272 $216K Reduce -23.8%
UBER Uber Technologies Inc. 0.09% 2,937 $212K Reduce -9.4%
IWS iShares Russell Mid-Cap Valu 0.09% 1,278 $210K Reduce -42.1%
FDS Factset Research Systems Inc. 0.09% 902 $208K Reduce -3.2%
MA Mastercard Inc. Class A 0.09% 400 $205K Reduce -32.0%
TSM Taiwan Semiconductor-SP ADR 0.09% 430 $205K New
VFH Vanguard Financials ETF 0.09% 1,530 $201K New

Portfolio Sells Q1 2026 → Q2 2026
VIG Vanguard Dividend Apprec ETF Reduce -57.4% 0.42% −0.62
IWD iShares Russell 1000 Value E Reduce -3.5% 7.31% −0.48
PEP Pepsico Inc. Sold out 0.00% −0.36
MSFT Microsoft Corp. Reduce -5.2% 1.39% −0.31
WTBA West Bancorporation Reduce -0.7% 4.71% −0.25
JEPI JPMorgan Equity Premium Inco Reduce -65.3% 0.10% −0.24
IVV iShares Core S&P 500 ETF Reduce -3.7% 4.10% −0.23
DON Wisdomtree US Midcap Dividen Sold out 0.00% −0.18
VEU Vanguard Ftse All-World Ex-U Reduce -7.4% 1.32% −0.17
COST Costco Wholesale Corp. Reduce -4.2% 0.50% −0.15
LHX L3HARRIS Technologies Inc. Sold out 0.00% −0.15
T AT&T Inc. Sold out 0.00% −0.14
AAPL Apple Inc. Reduce -4.1% 2.03% −0.14
WMT Walmart Inc. Reduce -5.4% 0.38% −0.14
SO The Southern Co. Reduce -15.6% 0.34% −0.13
EMR Emerson Electric Co. Sold out 0.00% −0.13
SCHD Schwab US DVD Equity ETF Reduce -4.7% 0.70% −0.13
PEG Public Service Enterprise GP Sold out 0.00% −0.12
IDV iShares International Select Sold out 0.00% −0.12
EOG EOG Resources Inc. Sold out 0.00% −0.12
PG The Procter & Gamble Co. Reduce -40.0% 0.13% −0.12
META Meta Platforms Inc. Class A Reduce -6.2% 0.42% −0.11
IEFA iShares Core MSCI Eafe ETF Reduce -7.1% 0.62% −0.11
NVDA Nvidia Corp. Reduce -13.4% 0.62% −0.11
AMZN Amazon.com Inc. Reduce -16.1% 0.50% −0.11
IWM iShares Russell 2000 ETF Reduce -10.7% 1.27% −0.10
JPM JPMorgan Chase & Co. Reduce -5.4% 0.87% −0.09
PFE Pfizer Inc. Reduce -9.1% 0.19% −0.09
XOM Exxon Mobil Corp. Reduce -4.1% 0.17% −0.09
ABT Abbott Laboratories Reduce -8.3% 0.18% −0.08
VOO Vanguard S&P 500 ETF Reduce -0.1% 5.13% −0.08
IWS iShares Russell Mid-Cap Valu Reduce -42.1% 0.09% −0.07
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -33.1% 0.12% −0.06
FAST Fastenal Co. Reduce -14.1% 0.20% −0.06
CTVA Corteva Inc. Reduce -24.7% 0.12% −0.06
GOOG Alphabet Inc. Class C Reduce -11.6% 0.85% −0.06
MA Mastercard Inc. Class A Reduce -32.0% 0.09% −0.06
ACWI iShares MSCI Acwi ETF Reduce -2.0% 1.18% −0.06
WFC Wells Fargo & Co. Reduce -2.8% 0.34% −0.05
AEP American Electric Power Reduce -21.8% 0.11% −0.05
SDY SS SPDR S&P Dividend ETF Reduce -13.0% 0.15% −0.04
IWF iShares Russell 1000 Growth Reduce -0.4% 7.81% −0.04
EFA iShares MSCI Eafe ETF Reduce -8.9% 0.19% −0.04
CASY Casey's General Stores Inc. Reduce -23.8% 0.09% −0.04
PM Philip Morris International Reduce -19.3% 0.10% −0.03
UBER Uber Technologies Inc. Reduce -9.4% 0.09% −0.03
MNST Monster Beverage Corp. Reduce -24.4% 0.10% −0.02
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -11.2% 0.19% −0.02
APH Amphenol Corp. Class A Reduce -23.1% 0.15% −0.01
FDS Factset Research Systems Inc. Reduce -3.2% 0.09% −0.01

Portfolio Buys Q1 2026 → Q2 2026
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +144.4% 5.38% +3.09
VUG Vanguard Mrngstar GR ETF-Sui Add +38.3% 4.75% +1.37
QQQ Invesco QQQ Trust Series 1 Add +33.5% 2.54% +0.80
VTV Vanguard Mrngstr Val ETF-Aui Add +38.4% 2.02% +0.49
IWR iShares Russell Mid-Cap ETF Add +8.4% 5.42% +0.28
MU Micron Technology Inc. New 0.16% +0.16
FLEX Flex Ltd. New 0.10% +0.10
BSV Vanguard Short-Term Bond ETF New 0.10% +0.10
VB Vanguard Most SM-Cap ETF-Usd Add +3.8% 3.19% +0.09
TSM Taiwan Semiconductor-SP ADR New 0.09% +0.09
VFH Vanguard Financials ETF New 0.09% +0.09
PFG Principal Financial Group Add +10.4% 0.54% +0.06
VEA Vanguard Ftse Developed ETF Add +7.2% 2.81% +0.06
JNJ Johnson & Johnson Add +38.5% 0.26% +0.05
RSP Invesco S&P 500 Equal Weight Add +13.2% 0.45% +0.03
ADX Adams Diversified Equity Add +5.5% 0.54% +0.03
MO Altria Group Inc. Add +20.4% 0.24% +0.03
AVGO Broadcom Inc. Add +7.6% 0.18% +0.02
NUSC Nuveen ESG Small-Cap ETF Add +6.3% 0.19% +0.01
IJR iShares Core S&P Small-Cap E Add +1.5% 0.15% +0.01
V Visa Inc. Class A Add +2.7% 0.13% −0.00
HON Honeywell International Inc. Add +1.4% 0.15% −0.01
CVX Chevron Corp. Add +26.5% 0.20% −0.03
BRK.B Berkshire Hathaway Inc. Class B Add +1.8% 0.37% −0.04
VYMI Vanguard Int High DVD YLD Inc. Add +10.8% 6.20% −0.06
VYM Vanguard High DVD Yield ETF Add +6.8% 6.39% −0.15

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 95$233.8MIWF, IWD, VYM, VYMI, IWR
Q1 2026 98$200.4MIWF, IWD, VYM, VYMI, VOO
Q4 2025 98$190.9MIWF, IWD, VYM, VOO, VYMI
Q3 2025 110$179.9MIWF, IWD, VOO, VYM, IVV
Q2 2025 97$158.3MIWF, IWD, IWR, VOO, VYM
Q1 2025 93$147.2MIWF, IWD, IWR, WTBA, VOO
Q4 2024 95$152.2MIWF, IWD, WTBA, IWR, VOO
Q3 2024 99$149.9MIWF, IWD, IWR, WTBA, IVV
Q2 2024 93$135.2MIWF, IWD, IWR, WTBA, IVV
Q1 2024 101$152.1MAEL, IWF, IWD, IWR, WTBA