West Bancorporation Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 24, 2024), West Bancorporation Inc. reported 99 stock positions worth $149.9 million. Its top holding was iShares Russell 1000 Growth (IWF) at 8.8% of the portfolio, followed by iShares Russell 1000 Value E (IWD, 7.2%) and iShares Russell Mid-Cap ETF (IWR, 6.2%). Compared with Q2 2024, it opened 8 new positions, sold out of 2, added to 39 and reduced 18. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +34%) and the biggest sale Microsoft (MSFT, shares −4%).

Most Recent 13F
Q2 2026
Location
WEST DES MOINES, IA
CIK
0001166928
Portfolio Value
$149.9M (Q3 2024)
SEC Filing
0001166928-24-000109 ↗ filed Oct 24, 2024

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 $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 Q2 2026

Holdings 99 stocks · $149.9M
IWF iShares Russell 1000 Growth 8.75% 34,957 $13.1M Add +1.5%
IWD iShares Russell 1000 Value E 7.24% 57,146 $10.8M Add +1.4%
IWR iShares Russell Mid-Cap ETF 6.18% 105,140 $9.3M Reduce -3.6%
WTBA West Bancorporation 5.58% 440,347 $8.4M Reduce -0.3%
IVV iShares Core S&P 500 ETF 5.56% 14,458 $8.3M Add +18.7%
VOO Vanguard S&P 500 ETF 4.83% 13,713 $7.2M Add +34.1%
SPY SS SPDR S&P 500 ETF Trust-US 4.56% 11,922 $6.8M No change
CALF PCR US SM CP CSH CWS ETF-Usd 4.25% 136,855 $6.4M Add +9.6%
VYM Vanguard High DVD Yield ETF 3.51% 41,047 $5.3M Reduce -1.9%
COWZ Pacer US Cash Cows 100 ETF 3.17% 82,188 $4.8M Add +9.5%
BAM Brookfield Asset Mgmt-A 2.94% 93,091 $4.4M Reduce -20.6%
MSFT Microsoft Corp. 2.52% 8,764 $3.8M Reduce -4.5%
AAPL Apple Inc. 2.34% 15,051 $3.5M Add +0.8%
VEA Vanguard Ftse Developed ETF 2.27% 64,311 $3.4M Reduce -4.8%
IWM iShares Russell 2000 ETF 2.25% 15,245 $3.4M Reduce -0.8%
VUG Vanguard Mrngstar GR ETF-Sui 2.19% 8,540 $3.3M Add +1.0%
VB Vanguard Most SM-Cap ETF-Usd 2.09% 13,206 $3.1M Reduce -2.8%
VTV Vanguard Mrngstr Val ETF-Aui 1.65% 14,132 $2.5M Reduce -1.4%
VIG Vanguard Dividend Apprec ETF 1.32% 10,013 $2.0M Reduce -0.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.22% 6,914 $1.8M No change
SCHD Schwab US DVD Equity ETF 1.14% 20,153 $1.7M Reduce -3.7%
IEFA iShares Core MSCI Eafe ETF 0.96% 18,389 $1.4M Reduce -5.7%
COST Costco Wholesale Corp. 0.85% 1,445 $1.3M Add +0.8%
SO The Southern Co. 0.83% 13,820 $1.2M No change
NVDA Nvidia Corp. 0.80% 9,933 $1.2M Add +3.2%
JPM JPMorgan Chase & Co. 0.76% 5,367 $1.1M Add +1.0%
ABBV Abbvie Inc. 0.72% 5,471 $1.1M No change
GOOG Alphabet Inc. Class C 0.69% 6,174 $1.0M Add +1.8%
MCD McDonald's Corp. 0.62% 3,054 $930K No change
PEP Pepsico Inc. 0.61% 5,377 $914K No change
PFG Principal Financial Group 0.61% 10,610 $911K No change
DON Wisdomtree US Midcap Dividen 0.55% 16,020 $819K New
JEPI JPMorgan Equity Premium Inco 0.54% 13,725 $817K New
SDY SS SPDR S&P Dividend ETF 0.54% 5,739 $815K No change
AMZN Amazon.com Inc. 0.53% 4,236 $789K Add +2.2%
EFA iShares MSCI Eafe ETF 0.46% 8,217 $687K Reduce -2.6%
ABT Abbott Laboratories 0.44% 5,773 $658K No change
VOOV Vanguard S&P 500 Value ETF 0.44% 3,450 $658K No change
PFE Pfizer Inc. 0.43% 22,463 $650K No change
RSP Invesco S&P 500 Equal Weight 0.41% 3,468 $621K Add +11.2%
HON Honeywell International Inc. 0.41% 2,984 $617K No change
WMT Walmart Inc. 0.40% 7,440 $601K New
QQQ Invesco QQQ Trust Series 1 0.40% 1,225 $598K New
ITOT iShares Core S&P Total U.S. 0.36% 4,280 $538K Add +2.4%
WFC Wells Fargo & Co. 0.36% 9,450 $534K No change
VEU Vanguard Ftse All-World Ex-U 0.35% 8,396 $529K Add +2.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.35% 2,365 $523K No change
ROST Ross Stores Inc. 0.35% 3,439 $518K No change
GSLC Goldman Activebeta US LC ETF 0.32% 4,250 $480K Add +4.7%
CSCO Cisco Systems Inc. 0.31% 8,798 $468K Reduce -2.4%
ADM Archer-Daniels-Midland Co. 0.27% 6,859 $410K No change
MRK Merck & Co. Inc. 0.26% 3,465 $393K Add +1.8%
FAST Fastenal Co. 0.26% 5,499 $393K Add +1.9%
PG The Procter & Gamble Co. 0.25% 2,199 $381K No change
DD Dupont DE Nemours Inc. 0.25% 4,250 $379K No change
UNH Unitedhealth Group Inc. 0.24% 621 $363K Add +2.5%
CMG Chipotle Mexican Grill Inc. 0.23% 5,921 $341K Add +2.8%
CVX Chevron Corp. 0.23% 2,303 $339K No change
FFA First Trust Enhan Eqty Inc. 0.23% 16,621 $338K Add +6.6%
HPQ HP Inc. 0.22% 9,121 $327K No change
LLY Eli Lilly & Co. 0.22% 369 $327K No change
MO Altria Group Inc. 0.21% 6,279 $320K No change
DES Wisdomtree US Smallcap Divid 0.20% 8,865 $306K Reduce -28.8%
SPOT Spotify Technology SA 0.20% 827 $305K Add +3.4%
FISV Fiserv Inc. 0.20% 1,648 $296K Add +3.8%
EOG EOG Resources Inc. 0.19% 2,353 $289K Add +2.1%
AEP American Electric Power 0.19% 2,744 $282K Add +3.4%
IJR iShares Core S&P Small-Cap E 0.19% 2,381 $278K No change
BRK.B Berkshire Hathaway Inc. Class B 0.18% 600 $276K No change
PEG Public Service Enterprise GP 0.18% 3,039 $271K No change
IJK iShares S&P Mid-Cap 400 Grow 0.18% 2,930 $269K No change
XOM Exxon Mobil Corp. 0.18% 2,248 $264K Add +2.5%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.18% 7,889 $263K New
T AT&T Inc. 0.17% 11,919 $262K No change
TSCO Tractor Supply Company 0.17% 878 $255K Add +3.0%
MA Mastercard Inc. Class A 0.17% 517 $255K Add +4.4%
CTVA Corteva Inc. 0.17% 4,330 $255K No change
SPGI S&P Global Inc. 0.17% 492 $254K Add +3.1%
BSX Boston Scientific Corp. 0.17% 3,033 $254K Add +3.9%
UNP Union Pacific Corp. 0.17% 1,021 $252K Add +2.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 2,606 $251K Add +2.5%
BUD Anheuser-Busch Inbev-SPN ADR 0.17% 3,780 $251K No change
LHX L3HARRIS Technologies Inc. 0.17% 1,045 $249K Add +3.3%
MDLZ Mondelez International Inc. Class A 0.16% 3,355 $247K No change
XLK SS Technology Select Sector 0.16% 1,091 $246K No change
GCOW Pacer Global Cash Cows Divid 0.16% 6,705 $245K No change
INTU Intuit Inc. 0.16% 391 $243K Add +3.2%
NOW ServiceNow Inc. 0.16% 271 $242K Add +3.0%
SHW The Sherwin-Williams Co. 0.16% 616 $235K New
VCR Vanguard Consumer Discre ETF 0.15% 680 $232K No change
MTD Mettler-Toledo International 0.15% 149 $223K Add +3.5%
TMO Thermo Fisher Scientific Inc. 0.15% 355 $220K New
P Everpure Inc. Class A filed as PURE STORAGE INC 0.14% 4,299 $216K No change
IDV iShares International Select 0.14% 7,105 $215K Reduce -16.5%
APH Amphenol Corp. Class A 0.14% 3,287 $214K Reduce -24.4%
LRCX Lam Research Corp. 0.14% 259 $211K Add +24.5%
GEHC GE Healthcare Technology 0.14% 2,246 $211K New
CPRT Copart Inc. 0.14% 3,937 $206K Add +2.9%
UPS United Parcel Service Class B 0.14% 1,490 $203K Reduce -5.8%

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -4.5% 2.52% −0.52
BAM Brookfield Asset Mgmt-A Reduce -20.6% 2.94% −0.37
IWR iShares Russell Mid-Cap ETF Reduce -3.6% 6.18% −0.36
WTBA West Bancorporation Reduce -0.3% 5.58% −0.27
VEA Vanguard Ftse Developed ETF Reduce -4.8% 2.27% −0.20
CASY Casey's General Stores Inc. Sold out 0.00% −0.18
VYM Vanguard High DVD Yield ETF Reduce -1.9% 3.51% −0.16
BLK BlackRock Finance Inc. Sold out 0.00% −0.15
VB Vanguard Most SM-Cap ETF-Usd Reduce -2.8% 2.09% −0.10
IEFA iShares Core MSCI Eafe ETF Reduce -5.7% 0.96% −0.09
DES Wisdomtree US Smallcap Divid Reduce -28.8% 0.20% −0.08
APH Amphenol Corp. Class A Reduce -24.4% 0.14% −0.07
SCHD Schwab US DVD Equity ETF Reduce -3.7% 1.14% −0.07
IWM iShares Russell 2000 ETF Reduce -0.8% 2.25% −0.06
VTV Vanguard Mrngstr Val ETF-Aui Reduce -1.4% 1.65% −0.05
VIG Vanguard Dividend Apprec ETF Reduce -0.8% 1.32% −0.04
IDV iShares International Select Reduce -16.5% 0.14% −0.03
EFA iShares MSCI Eafe ETF Reduce -2.6% 0.46% −0.03
UPS United Parcel Service Class B Reduce -5.8% 0.14% −0.02
CSCO Cisco Systems Inc. Reduce -2.4% 0.31% −0.00

Portfolio Buys Q2 2024 → Q3 2024
VOO Vanguard S&P 500 ETF Add +34.1% 4.83% +1.04
IVV iShares Core S&P 500 ETF Add +18.7% 5.56% +0.63
DON Wisdomtree US Midcap Dividen New 0.55% +0.55
JEPI JPMorgan Equity Premium Inco New 0.54% +0.54
WMT Walmart Inc. New 0.40% +0.40
QQQ Invesco QQQ Trust Series 1 New 0.40% +0.40
CALF PCR US SM CP CSH CWS ETF-Usd Add +9.6% 4.25% +0.22
VICI Vici Properties Inc. New 0.18% +0.18
SHW The Sherwin-Williams Co. New 0.16% +0.16
TMO Thermo Fisher Scientific Inc. New 0.15% +0.15
COWZ Pacer US Cash Cows 100 ETF Add +9.5% 3.17% +0.15
GEHC GE Healthcare Technology New 0.14% +0.14
RSP Invesco S&P 500 Equal Weight Add +11.2% 0.41% +0.04
FISV Fiserv Inc. Add +3.8% 0.20% +0.02
SPOT Spotify Technology SA Add +3.4% 0.20% +0.02
AEP American Electric Power Add +3.4% 0.19% +0.02
UNH Unitedhealth Group Inc. Add +2.5% 0.24% +0.01
AAPL Apple Inc. Add +0.8% 2.34% +0.01
SPGI S&P Global Inc. Add +3.1% 0.17% +0.01
FAST Fastenal Co. Add +1.9% 0.26% +0.01
MA Mastercard Inc. Class A Add +4.4% 0.17% +0.01
NOW ServiceNow Inc. Add +3.0% 0.16% +0.01
BSX Boston Scientific Corp. Add +3.9% 0.17% +0.00
UNP Union Pacific Corp. Add +2.5% 0.17% +0.00
MTD Mettler-Toledo International Add +3.5% 0.15% +0.00
TSCO Tractor Supply Company Add +3.0% 0.17% +0.00
GSLC Goldman Activebeta US LC ETF Add +4.7% 0.32% −0.00
LHX L3HARRIS Technologies Inc. Add +3.3% 0.17% −0.00
FFA First Trust Enhan Eqty Inc. Add +6.6% 0.23% −0.00
VEU Vanguard Ftse All-World Ex-U Add +2.0% 0.35% −0.00
ITOT iShares Core S&P Total U.S. Add +2.4% 0.36% −0.01
XOM Exxon Mobil Corp. Add +2.5% 0.18% −0.01
CPRT Copart Inc. Add +2.9% 0.14% −0.02
DIS The Walt Disney Co. Add +2.5% 0.17% −0.02
EOG EOG Resources Inc. Add +2.1% 0.19% −0.02
INTU Intuit Inc. Add +3.2% 0.16% −0.02
LRCX Lam Research Corp. Add +24.5% 0.14% −0.02
CMG Chipotle Mexican Grill Inc. Add +2.8% 0.23% −0.04
IWD iShares Russell 1000 Value E Add +1.4% 7.24% −0.04
JPM JPMorgan Chase & Co. Add +1.0% 0.76% −0.04
COST Costco Wholesale Corp. Add +0.8% 0.85% −0.05
MRK Merck & Co. Inc. Add +1.8% 0.26% −0.05
AMZN Amazon.com Inc. Add +2.2% 0.53% −0.07
NVDA Nvidia Corp. Add +3.2% 0.80% −0.07
GOOG Alphabet Inc. Class C Add +1.8% 0.69% −0.13
VUG Vanguard Mrngstar GR ETF-Sui Add +1.0% 2.19% −0.15
IWF iShares Russell 1000 Growth Add +1.5% 8.75% −0.54

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