West Bancorporation Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), West Bancorporation Inc. reported 97 stock positions worth $158.3 million. Its top holding was iShares Russell 1000 Growth (IWF) at 8.5% of the portfolio, followed by iShares Russell 1000 Value E (IWD, 7.8%) and iShares Russell Mid-Cap ETF (IWR, 5.7%). Compared with Q1 2025, it opened 7 new positions, sold out of 3, added to 7 and reduced 54. The biggest buy was a new position in Vanguard Int High DVD YLD (VYMI) and the biggest sale Pacer US Cash Cows 100 ETF (COWZ, shares −86%).

Most Recent 13F
Q2 2026
Location
WEST DES MOINES, IA
CIK
0001166928
Portfolio Value
$158.3M (Q2 2025)
SEC Filing
0001166928-25-000070 ↗ filed Jul 24, 2025

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 $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 97 stocks · $158.3M
IWF iShares Russell 1000 Growth 8.54% 31,855 $13.5M Reduce -7.0%
IWD iShares Russell 1000 Value E 7.81% 63,614 $12.4M Reduce -1.6%
IWR iShares Russell Mid-Cap ETF 5.70% 98,183 $9.0M Reduce -7.9%
VOO Vanguard S&P 500 ETF 5.61% 15,647 $8.9M Reduce -3.6%
VYM Vanguard High DVD Yield ETF 5.52% 65,490 $8.7M Add +7.2%
WTBA West Bancorporation 5.30% 427,722 $8.4M Reduce -0.7%
IVV iShares Core S&P 500 ETF 5.29% 13,492 $8.4M Reduce -6.0%
SPY SS SPDR S&P 500 ETF Trust-US 4.39% 11,246 $6.9M Reduce -5.7%
VYMI Vanguard Int High DVD YLD Inc. 3.49% 68,988 $5.5M New
VB Vanguard Most SM-Cap ETF-Usd 3.47% 23,198 $5.5M Reduce -3.6%
BAM Brookfield Asset Mgmt-A 3.25% 93,091 $5.1M No change
VUG Vanguard Mrngstar GR ETF-Sui 2.81% 10,164 $4.5M Reduce -2.2%
VEA Vanguard Ftse Developed ETF 2.69% 74,723 $4.3M Reduce -2.2%
MSFT Microsoft Corp. 2.57% 8,174 $4.1M Reduce -1.7%
IWM iShares Russell 2000 ETF 1.96% 14,350 $3.1M Reduce -7.4%
AAPL Apple Inc. 1.89% 14,617 $3.0M Reduce -1.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.73% 9,761 $2.7M Reduce -0.7%
VTV Vanguard Mrngstr Val ETF-Aui 1.54% 13,783 $2.4M Add +5.8%
VIG Vanguard Dividend Apprec ETF 1.51% 11,712 $2.4M Reduce -0.3%
JPM JPMorgan Chase & Co. 0.98% 5,375 $1.6M Reduce -0.5%
SCHD Schwab US DVD Equity ETF 0.90% 53,554 $1.4M No change
IEFA iShares Core MSCI Eafe ETF 0.88% 16,767 $1.4M Reduce -0.6%
COST Costco Wholesale Corp. 0.84% 1,348 $1.3M Reduce -0.2%
VEU Vanguard Ftse All-World Ex-U 0.83% 19,632 $1.3M Reduce -1.3%
SO The Southern Co. 0.80% 13,820 $1.3M No change
NVDA Nvidia Corp. 0.76% 7,605 $1.2M Reduce -11.1%
GOOG Alphabet Inc. Class C 0.67% 5,995 $1.1M Reduce -0.8%
AMZN Amazon.com Inc. 0.63% 4,517 $991K Reduce -1.3%
ABBV Abbvie Inc. 0.62% 5,292 $982K Reduce -3.3%
MCD McDonald's Corp. 0.56% 3,054 $892K No change
PFG Principal Financial Group 0.53% 10,610 $843K No change
CALF PCR US SM CP CSH CWS ETF-Usd 0.48% 19,230 $766K Reduce -61.1%
WFC Wells Fargo & Co. 0.48% 9,450 $757K No change
WMT Walmart Inc. 0.46% 7,440 $727K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.44% 2,365 $697K No change
HON Honeywell International Inc. 0.44% 2,984 $695K No change
JEPI JPMorgan Equity Premium Inco 0.42% 11,775 $669K Reduce -12.7%
VOOV Vanguard S&P 500 Value ETF 0.41% 3,450 $651K No change
ABT Abbott Laboratories 0.40% 4,689 $638K Reduce -3.8%
META Meta Platforms Inc. Class A 0.39% 847 $625K New
BRK.B Berkshire Hathaway Inc. Class B 0.39% 1,259 $612K Add +7.2%
PEP Pepsico Inc. 0.38% 4,565 $603K Reduce -7.0%
CSCO Cisco Systems Inc. 0.37% 8,410 $583K Reduce -4.4%
RSP Invesco S&P 500 Equal Weight 0.37% 3,203 $582K Add +23.4%
QQQ Invesco QQQ Trust Series 1 0.37% 1,050 $579K Reduce -14.3%
ITOT iShares Core S&P Total U.S. 0.36% 4,178 $564K Reduce -5.1%
LLY Eli Lilly & Co. 0.35% 701 $546K Add +24.1%
EFA iShares MSCI Eafe ETF 0.34% 6,023 $538K No change
PFE Pfizer Inc. 0.33% 21,350 $518K Reduce -5.0%
FAST Fastenal Co. 0.28% 10,670 $448K Reduce -0.8%
GSLC Goldman Activebeta US LC ETF 0.28% 3,646 $443K No change
SPOT Spotify Technology SA 0.28% 572 $439K Reduce -12.4%
ROST Ross Stores Inc. 0.28% 3,439 $439K No change
SDY SS SPDR S&P Dividend ETF 0.27% 3,091 $420K Reduce -20.1%
APH Amphenol Corp. Class A 0.24% 3,777 $373K Reduce -1.5%
DON Wisdomtree US Midcap Dividen 0.23% 7,281 $365K Reduce -6.4%
ADM Archer-Daniels-Midland Co. 0.23% 6,859 $362K No change
MA Mastercard Inc. Class A 0.23% 642 $361K Reduce -1.4%
T AT&T Inc. 0.22% 11,919 $345K No change
CTVA Corteva Inc. 0.20% 4,330 $323K No change
MO Altria Group Inc. 0.20% 5,499 $322K Reduce -12.4%
NOW ServiceNow Inc. 0.20% 310 $319K Add +18.8%
PG The Procter & Gamble Co. 0.20% 1,999 $318K No change
BSX Boston Scientific Corp. 0.19% 2,870 $308K Reduce -1.2%
CVX Chevron Corp. 0.19% 2,103 $301K No change
CDNS Cadence Design SYS Inc. 0.19% 976 $301K Reduce -1.3%
COWZ Pacer US Cash Cows 100 ETF 0.19% 5,355 $295K Reduce -85.6%
AEP American Electric Power 0.18% 2,821 $293K Reduce -1.4%
INTU Intuit Inc. 0.18% 371 $292K Reduce -1.1%
GLD SPDR Gold Shares 0.18% 934 $285K No change
CASY Casey's General Stores Inc. 0.18% 545 $278K New
EOG EOG Resources Inc. 0.17% 2,252 $269K Reduce -1.0%
PM Philip Morris International 0.17% 1,445 $263K No change
XLK SS Technology Select Sector 0.16% 1,028 $260K No change
PEG Public Service Enterprise GP 0.16% 3,039 $256K No change
XOM Exxon Mobil Corp. 0.16% 2,373 $256K Add +26.6%
IJR iShares Core S&P Small-Cap E 0.16% 2,336 $255K No change
IJK iShares S&P Mid-Cap 400 Grow 0.16% 2,801 $255K No change
LHX L3HARRIS Technologies Inc. 0.16% 990 $248K Reduce -1.3%
FFA First Trust Enhan Eqty Inc. 0.16% 12,096 $248K Reduce -24.4%
IDV iShares International Select 0.16% 7,174 $248K New
P Everpure Inc. Class A filed as PURE STORAGE INC 0.16% 4,299 $248K New
IAU iShares Gold Trust 0.16% 3,961 $247K No change
VCR Vanguard Consumer Discre ETF 0.16% 680 $246K No change
SPGI S&P Global Inc. 0.16% 466 $246K Reduce -1.3%
LRCX Lam Research Corp. 0.16% 2,524 $246K New
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.15% 7,454 $243K Reduce -1.1%
MDLZ Mondelez International Inc. Class A 0.14% 3,355 $226K No change
HPQ HP Inc. 0.14% 9,121 $223K No change
TSCO Tractor Supply Company 0.14% 4,173 $220K Reduce -1.4%
CMG Chipotle Mexican Grill Inc. 0.14% 3,914 $220K Reduce -5.8%
UNP Union Pacific Corp. 0.14% 954 $219K Reduce -2.6%
ECL Ecolab Inc. 0.13% 789 $213K Reduce -1.5%
GNRC Generac Holdings Inc. 0.13% 1,458 $209K New
BUD Anheuser-Busch Inbev-SPN ADR 0.13% 3,025 $208K Reduce -20.0%
V Visa Inc. Class A 0.13% 585 $208K No change
SHW The Sherwin-Williams Co. 0.13% 586 $201K Reduce -1.2%

Portfolio Sells Q1 2025 → Q2 2025
COWZ Pacer US Cash Cows 100 ETF Reduce -85.6% 0.19% −1.20
CALF PCR US SM CP CSH CWS ETF-Usd Reduce -61.1% 0.48% −0.78
WTBA West Bancorporation Reduce -0.7% 5.30% −0.53
IWR iShares Russell Mid-Cap ETF Reduce -7.9% 5.70% −0.46
IWD iShares Russell 1000 Value E Reduce -1.6% 7.81% −0.45
AAPL Apple Inc. Reduce -1.6% 1.89% −0.35
UNH Unitedhealth Group Inc. Sold out 0.00% −0.27
DD Dupont DE Nemours Inc. Sold out 0.00% −0.22
IVV iShares Core S&P 500 ETF Reduce -6.0% 5.29% −0.19
FISV Fiserv Inc. Sold out 0.00% −0.18
ABBV Abbvie Inc. Reduce -3.3% 0.62% −0.16
VB Vanguard Most SM-Cap ETF-Usd Reduce -3.6% 3.47% −0.15
IWM iShares Russell 2000 ETF Reduce -7.4% 1.96% −0.14
SPY SS SPDR S&P 500 ETF Trust-US Reduce -5.7% 4.39% −0.14
PEP Pepsico Inc. Reduce -7.0% 0.38% −0.12
JEPI JPMorgan Equity Premium Inco Reduce -12.7% 0.42% −0.10
SDY SS SPDR S&P Dividend ETF Reduce -20.1% 0.27% −0.09
PFE Pfizer Inc. Reduce -5.0% 0.33% −0.06
VOO Vanguard S&P 500 ETF Reduce -3.6% 5.61% −0.05
FFA First Trust Enhan Eqty Inc. Reduce -24.4% 0.16% −0.05
MO Altria Group Inc. Reduce -12.4% 0.20% −0.05
ABT Abbott Laboratories Reduce -3.8% 0.40% −0.04
VIG Vanguard Dividend Apprec ETF Reduce -0.3% 1.51% −0.03
DON Wisdomtree US Midcap Dividen Reduce -6.4% 0.23% −0.03
EOG EOG Resources Inc. Reduce -1.0% 0.17% −0.03
AEP American Electric Power Reduce -1.4% 0.18% −0.03
BUD Anheuser-Busch Inbev-SPN ADR Reduce -20.0% 0.13% −0.03
COST Costco Wholesale Corp. Reduce -0.2% 0.84% −0.03
QQQ Invesco QQQ Trust Series 1 Reduce -14.3% 0.37% −0.02
TSCO Tractor Supply Company Reduce -1.4% 0.14% −0.02
UNP Union Pacific Corp. Reduce -2.6% 0.14% −0.02
MA Mastercard Inc. Class A Reduce -1.4% 0.23% −0.01
SHW The Sherwin-Williams Co. Reduce -1.2% 0.13% −0.01
VICI Vici Properties Inc. Reduce -1.1% 0.15% −0.01
ITOT iShares Core S&P Total U.S. Reduce -5.1% 0.36% −0.01
SPGI S&P Global Inc. Reduce -1.3% 0.16% −0.01
BSX Boston Scientific Corp. Reduce -1.2% 0.19% −0.00
ECL Ecolab Inc. Reduce -1.5% 0.13% −0.00
CMG Chipotle Mexican Grill Inc. Reduce -5.8% 0.14% −0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.7% 1.73% −0.00
FAST Fastenal Co. Reduce -0.8% 0.28% −0.00
CSCO Cisco Systems Inc. Reduce -4.4% 0.37% −0.00
LHX L3HARRIS Technologies Inc. Reduce -1.3% 0.16% +0.01
VEU Vanguard Ftse All-World Ex-U Reduce -1.3% 0.83% +0.01
IEFA iShares Core MSCI Eafe ETF Reduce -0.6% 0.88% +0.02
CDNS Cadence Design SYS Inc. Reduce -1.3% 0.19% +0.02
INTU Intuit Inc. Reduce -1.1% 0.18% +0.03
GOOG Alphabet Inc. Class C Reduce -0.8% 0.67% +0.03
SPOT Spotify Technology SA Reduce -12.4% 0.28% +0.03
AMZN Amazon.com Inc. Reduce -1.3% 0.63% +0.03

Portfolio Buys Q1 2025 → Q2 2025
VYMI Vanguard Int High DVD YLD Inc. New 3.49% +3.49
META Meta Platforms Inc. Class A New 0.39% +0.39
CASY Casey's General Stores Inc. New 0.18% +0.18
VYM Vanguard High DVD Yield ETF Add +7.2% 5.52% +0.16
IDV iShares International Select New 0.16% +0.16
P Everpure Inc. Class A New 0.16% +0.16
LRCX Lam Research Corp. New 0.16% +0.16
GNRC Generac Holdings Inc. New 0.13% +0.13
RSP Invesco S&P 500 Equal Weight Add +23.4% 0.37% +0.06
NOW ServiceNow Inc. Add +18.8% 0.20% +0.06
LLY Eli Lilly & Co. Add +24.1% 0.35% +0.03
XOM Exxon Mobil Corp. Add +26.6% 0.16% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +5.8% 1.54% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +7.2% 0.39% −0.04

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