West Bancorporation Inc.

Name: WEST BANCORPORATION INC 13F holdings, Q1 2025
Creator: WEST BANCORPORATION INC
Published: 2025-04-25

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), West Bancorporation Inc. reported 93 stock positions worth $147.2 million. Its top holding was iShares Russell 1000 Growth (IWF) at 8.4% of the portfolio, followed by iShares Russell 1000 Value E (IWD, 8.3%) and iShares Russell Mid-Cap ETF (IWR, 6.2%). Compared with Q4 2024, it opened 4 new positions, sold out of 6, added to 20 and reduced 41. The biggest buy was Vanguard High DVD Yield ETF (VYM, shares +32%) and the biggest sale PCR US SM CP CSH CWS ETF-Usd (CALF, shares −61%).

Most Recent 13F: Q2 2026
Location: WEST DES MOINES, IA
CIK: 0001166928
Portfolio Value: $147.2M (Q1 2025)
SEC Filing: 0001166928-25-000057 ↗ filed Apr 25, 2025

Holdings Value

Holdings 93 stocks · $147.2M


IWF iShares Russell 1000 Growth	8.40%	34,245	$12.4M	Add +1.0%
IWD iShares Russell 1000 Value E	8.26%	64,613	$12.2M	Add +11.8%
IWR iShares Russell Mid-Cap ETF	6.16%	106,590	$9.1M	Add +5.6%
WTBA West Bancorporation	5.83%	430,557	$8.6M	Reduce -0.7%
VOO Vanguard S&P 500 ETF	5.67%	16,240	$8.3M	Reduce -0.3%
IVV iShares Core S&P 500 ETF	5.48%	14,350	$8.1M	Add +1.9%
VYM Vanguard High DVD Yield ETF	5.35%	61,098	$7.9M	Add +32.2%
SPY SS SPDR S&P 500 ETF Trust-US	4.53%	11,922	$6.7M	No change
VB Vanguard Most SM-Cap ETF-Usd	3.63%	24,073	$5.3M	Add +54.3%
BAM Brookfield Asset Mgmt-A	3.06%	93,091	$4.5M	No change
VEA Vanguard Ftse Developed ETF	2.64%	76,423	$3.9M	Add +29.6%
VUG Vanguard Mrngstar GR ETF-Sui	2.62%	10,389	$3.9M	Add +1.4%
AAPL Apple Inc.	2.24%	14,856	$3.3M	Reduce -0.5%
MSFT Microsoft Corp.	2.12%	8,319	$3.1M	Reduce -0.8%
IWM iShares Russell 2000 ETF	2.10%	15,493	$3.1M	Add +6.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd	1.73%	9,831	$2.5M	Add +21.8%
VIG Vanguard Dividend Apprec ETF	1.55%	11,749	$2.3M	Add +4.3%
VTV Vanguard Mrngstr Val ETF-Aui	1.53%	13,032	$2.3M	Reduce -3.3%
COWZ Pacer US Cash Cows 100 ETF	1.38%	37,155	$2.0M	Reduce -52.0%
CALF PCR US SM CP CSH CWS ETF-Usd	1.26%	49,430	$1.9M	Reduce -61.4%
SCHD Schwab US DVD Equity ETF	1.02%	53,554	$1.5M	Reduce -9.6%
JPM JPMorgan Chase & Co.	0.90%	5,400	$1.3M	Add +1.8%
COST Costco Wholesale Corp.	0.87%	1,351	$1.3M	Reduce -0.7%
IEFA iShares Core MSCI Eafe ETF	0.87%	16,862	$1.3M	Reduce -7.6%
SO The Southern Co.	0.86%	13,820	$1.3M	No change
VEU Vanguard Ftse All-World Ex-U	0.82%	19,880	$1.2M	Add +45.5%
ABBV Abbvie Inc.	0.78%	5,471	$1.1M	No change
MCD McDonald's Corp.	0.65%	3,054	$954K	No change
GOOG Alphabet Inc. Class C	0.64%	6,042	$944K	Reduce -0.4%
NVDA Nvidia Corp.	0.63%	8,555	$927K	Reduce -13.2%
PFG Principal Financial Group	0.61%	10,610	$895K	No change
AMZN Amazon.com Inc.	0.59%	4,574	$870K	Add +2.5%
JEPI JPMorgan Equity Premium Inco	0.52%	13,485	$771K	Reduce -1.8%
PEP Pepsico Inc.	0.50%	4,907	$736K	No change
WFC Wells Fargo & Co.	0.46%	9,450	$678K	No change
WMT Walmart Inc.	0.44%	7,440	$653K	No change
ABT Abbott Laboratories	0.44%	4,875	$647K	Reduce -5.9%
VOOV Vanguard S&P 500 Value ETF	0.43%	3,450	$635K	No change
HON Honeywell International Inc.	0.43%	2,984	$632K	No change
BRK.B Berkshire Hathaway Inc. Class B	0.42%	1,174	$625K	Add +95.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.40%	2,365	$588K	No change
QQQ Invesco QQQ Trust Series 1	0.39%	1,225	$574K	No change
PFE Pfizer Inc.	0.39%	22,463	$569K	No change
CSCO Cisco Systems Inc.	0.37%	8,798	$543K	No change
ITOT iShares Core S&P Total U.S.	0.36%	4,403	$537K	Reduce -6.2%
SDY SS SPDR S&P Dividend ETF	0.36%	3,868	$525K	Reduce -29.9%
EFA iShares MSCI Eafe ETF	0.33%	6,023	$492K	Reduce -16.7%
LLY Eli Lilly & Co.	0.32%	565	$467K	Add +53.1%
RSP Invesco S&P 500 Equal Weight	0.31%	2,595	$450K	Reduce -14.7%
ROST Ross Stores Inc.	0.30%	3,439	$439K	No change
FAST Fastenal Co.	0.28%	5,379	$417K	Reduce -0.1%
GSLC Goldman Activebeta US LC ETF	0.27%	3,646	$401K	Reduce -18.4%
UNH Unitedhealth Group Inc.	0.27%	763	$400K	Add +12.4%
DON Wisdomtree US Midcap Dividen	0.26%	7,781	$385K	Reduce -27.8%
MO Altria Group Inc.	0.26%	6,279	$377K	No change
SPOT Spotify Technology SA	0.24%	653	$359K	Reduce -18.3%
MA Mastercard Inc. Class A	0.24%	651	$357K	Reduce -0.1%
CVX Chevron Corp.	0.24%	2,103	$352K	No change
PG The Procter & Gamble Co.	0.23%	1,999	$341K	Reduce -9.1%
T AT&T Inc.	0.23%	11,919	$337K	No change
ADM Archer-Daniels-Midland Co.	0.22%	6,859	$329K	No change
DD Dupont DE Nemours Inc.	0.22%	4,250	$317K	No change
AEP American Electric Power	0.21%	2,861	$313K	Add +8.2%
FFA First Trust Enhan Eqty Inc.	0.21%	16,006	$309K	Reduce -3.7%
BSX Boston Scientific Corp.	0.20%	2,905	$293K	Reduce -0.6%
EOG EOG Resources Inc.	0.20%	2,274	$292K	Reduce -1.0%
CTVA Corteva Inc.	0.19%	4,330	$272K	No change
GLD SPDR Gold Shares	0.18%	934	$269K	No change
FISV Fiserv Inc.	0.18%	1,170	$258K	Reduce -0.5%
HPQ HP Inc.	0.17%	9,121	$253K	No change
APH Amphenol Corp. Class A	0.17%	3,835	$252K	Add +20.5%
CDNS Cadence Design SYS Inc.	0.17%	989	$252K	Add +32.6%
PEG Public Service Enterprise GP	0.17%	3,039	$250K	No change
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.17%	7,538	$246K	Reduce -0.9%
IJR iShares Core S&P Small-Cap E	0.17%	2,336	$244K	Reduce -0.8%
SPGI S&P Global Inc.	0.16%	472	$240K	Reduce -0.8%
IAU iShares Gold Trust	0.16%	3,961	$234K	New
IJK iShares S&P Mid-Cap 400 Grow	0.16%	2,801	$233K	Reduce -4.4%
TSCO Tractor Supply Company	0.16%	4,230	$233K	Reduce -0.5%
BUD Anheuser-Busch Inbev-SPN ADR	0.16%	3,780	$233K	New
UNP Union Pacific Corp.	0.16%	980	$232K	Reduce -0.9%
INTU Intuit Inc.	0.16%	375	$230K	Reduce -1.1%
PM Philip Morris International	0.16%	1,445	$229K	New
MDLZ Mondelez International Inc. Class A	0.15%	3,355	$228K	No change
XOM Exxon Mobil Corp.	0.15%	1,874	$223K	Reduce -14.2%
VCR Vanguard Consumer Discre ETF	0.15%	680	$221K	No change
XLK SS Technology Select Sector	0.14%	1,028	$212K	No change
LHX L3HARRIS Technologies Inc.	0.14%	1,003	$210K	Reduce -0.6%
CMG Chipotle Mexican Grill Inc.	0.14%	4,154	$209K	Reduce -27.8%
NOW ServiceNow Inc.	0.14%	261	$208K	Reduce -0.8%
SHW The Sherwin-Williams Co.	0.14%	593	$207K	Reduce -0.5%
V Visa Inc. Class A	0.14%	585	$205K	Reduce -12.8%
ECL Ecolab Inc.	0.14%	801	$203K	New

Portfolio Sells Q4 2024 → Q1 2025


CALF PCR US SM CP CSH CWS ETF-Usd	Reduce -61.4%	1.26%	−2.44
COWZ Pacer US Cash Cows 100 ETF	Reduce -52.0%	1.38%	−1.49
WTBA West Bancorporation	Reduce -0.7%	5.83%	−0.33
NVDA Nvidia Corp.	Reduce -13.2%	0.63%	−0.24
AAPL Apple Inc.	Reduce -0.5%	2.24%	−0.21
MSFT Microsoft Corp.	Reduce -0.8%	2.12%	−0.20
VTI VG Morningstar TS MKT ETF-US	Sold out	0.00%	−0.19
DIS The Walt Disney Co.	Sold out	0.00%	−0.19
P Everpure Inc. Class A	Sold out	0.00%	−0.17
DECK Deckers Outdoor Corp.	Sold out	0.00%	−0.17
GNRC Generac Holdings Inc.	Sold out	0.00%	−0.15
GCOW Pacer Global Cash Cows Divid	Sold out	0.00%	−0.14
SDY SS SPDR S&P Dividend ETF	Reduce -29.9%	0.36%	−0.12
GOOG Alphabet Inc. Class C	Reduce -0.4%	0.64%	−0.12
DON Wisdomtree US Midcap Dividen	Reduce -27.8%	0.26%	−0.10
VOO Vanguard S&P 500 ETF	Reduce -0.3%	5.67%	−0.10
CMG Chipotle Mexican Grill Inc.	Reduce -27.8%	0.14%	−0.09
GSLC Goldman Activebeta US LC ETF	Reduce -18.4%	0.27%	−0.07
SCHD Schwab US DVD Equity ETF	Reduce -9.6%	1.02%	−0.05
RSP Invesco S&P 500 Equal Weight	Reduce -14.7%	0.31%	−0.04
NOW ServiceNow Inc.	Reduce -0.8%	0.14%	−0.04
ITOT iShares Core S&P Total U.S.	Reduce -6.2%	0.36%	−0.03
EFA iShares MSCI Eafe ETF	Reduce -16.7%	0.33%	−0.02
IJK iShares S&P Mid-Cap 400 Grow	Reduce -4.4%	0.16%	−0.02
FFA First Trust Enhan Eqty Inc.	Reduce -3.7%	0.21%	−0.02
IJR iShares Core S&P Small-Cap E	Reduce -0.8%	0.17%	−0.01
PG The Procter & Gamble Co.	Reduce -9.1%	0.23%	−0.01
XOM Exxon Mobil Corp.	Reduce -14.2%	0.15%	−0.00
INTU Intuit Inc.	Reduce -1.1%	0.16%	−0.00
V Visa Inc. Class A	Reduce -12.8%	0.14%	−0.00
LHX L3HARRIS Technologies Inc.	Reduce -0.6%	0.14%	+0.00
JEPI JPMorgan Equity Premium Inco	Reduce -1.8%	0.52%	+0.00
SPGI S&P Global Inc.	Reduce -0.8%	0.16%	+0.01
SHW The Sherwin-Williams Co.	Reduce -0.5%	0.14%	+0.01
UNP Union Pacific Corp.	Reduce -0.9%	0.16%	+0.01
SPOT Spotify Technology SA	Reduce -18.3%	0.24%	+0.01
TSCO Tractor Supply Company	Reduce -0.5%	0.16%	+0.01
EOG EOG Resources Inc.	Reduce -1.0%	0.20%	+0.01
FISV Fiserv Inc.	Reduce -0.5%	0.18%	+0.02
MA Mastercard Inc. Class A	Reduce -0.1%	0.24%	+0.02
VICI Vici Properties Inc.	Reduce -0.9%	0.17%	+0.02
IEFA iShares Core MSCI Eafe ETF	Reduce -7.6%	0.87%	+0.02
BSX Boston Scientific Corp.	Reduce -0.6%	0.20%	+0.03
FAST Fastenal Co.	Reduce -0.1%	0.28%	+0.03
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -3.3%	1.53%	+0.03
COST Costco Wholesale Corp.	Reduce -0.7%	0.87%	+0.05
ABT Abbott Laboratories	Reduce -5.9%	0.44%	+0.05

Portfolio Buys Q4 2024 → Q1 2025


VYM Vanguard High DVD Yield ETF	Add +32.2%	5.35%	+1.48
IWD iShares Russell 1000 Value E	Add +11.8%	8.26%	+1.23
VB Vanguard Most SM-Cap ETF-Usd	Add +54.3%	3.63%	+1.16
VEA Vanguard Ftse Developed ETF	Add +29.6%	2.64%	+0.79
VO Vngrd Mrngstr MD-Cap ETF-Usd	Add +21.8%	1.73%	+0.33
VEU Vanguard Ftse All-World Ex-U	Add +45.5%	0.82%	+0.30
IWR iShares Russell Mid-Cap ETF	Add +5.6%	6.16%	+0.29
BRK.B Berkshire Hathaway Inc. Class B	Add +95.7%	0.42%	+0.25
IAU iShares Gold Trust	New	0.16%	+0.16
BUD Anheuser-Busch Inbev-SPN ADR	New	0.16%	+0.16
PM Philip Morris International	New	0.16%	+0.16
ECL Ecolab Inc.	New	0.14%	+0.14
LLY Eli Lilly & Co.	Add +53.1%	0.32%	+0.13
VIG Vanguard Dividend Apprec ETF	Add +4.3%	1.55%	+0.10
JPM JPMorgan Chase & Co.	Add +1.8%	0.90%	+0.06
AEP American Electric Power	Add +8.2%	0.21%	+0.05
UNH Unitedhealth Group Inc.	Add +12.4%	0.27%	+0.05
IVV iShares Core S&P 500 ETF	Add +1.9%	5.48%	+0.03
APH Amphenol Corp. Class A	Add +20.5%	0.17%	+0.03
CDNS Cadence Design SYS Inc.	Add +32.6%	0.17%	+0.02
IWM iShares Russell 2000 ETF	Add +6.4%	2.10%	−0.01
AMZN Amazon.com Inc.	Add +2.5%	0.59%	−0.05
VUG Vanguard Mrngstar GR ETF-Sui	Add +1.4%	2.62%	−0.14
IWF iShares Russell 1000 Growth	Add +1.0%	8.40%	−0.55

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	95	$233.8M	IWF, IWD, VYM, VYMI, IWR
Q1 2026	98	$200.4M	IWF, IWD, VYM, VYMI, VOO
Q4 2025	98	$190.9M	IWF, IWD, VYM, VOO, VYMI
Q3 2025	110	$179.9M	IWF, IWD, VOO, VYM, IVV
Q2 2025	97	$158.3M	IWF, IWD, IWR, VOO, VYM
Q1 2025	93	$147.2M	IWF, IWD, IWR, WTBA, VOO
Q4 2024	95	$152.2M	IWF, IWD, WTBA, IWR, VOO
Q3 2024	99	$149.9M	IWF, IWD, IWR, WTBA, IVV
Q2 2024	93	$135.2M	IWF, IWD, IWR, WTBA, IVV
Q1 2024	101	$152.1M	AEL, IWF, IWD, IWR, WTBA