West Bancorporation Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), West Bancorporation Inc. reported 110 stock positions worth $179.9 million. Its top holding was iShares Russell 1000 Growth (IWF) at 7.9% of the portfolio, followed by iShares Russell 1000 Value E (IWD, 7.1%) and Vanguard S&P 500 ETF (VOO, 5.4%). Compared with Q2 2025, it opened 19 new positions, sold out of 6, added to 39 and reduced 38. The biggest buy was Vanguard Int High DVD YLD (VYMI, shares +34%) and the biggest sale iShares Russell Mid-Cap ETF (IWR, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- WEST DES MOINES, IA
- CIK
- 0001166928
- Portfolio Value
- $179.9M (Q3 2025)
- SEC Filing
- 0001166928-25-000084 ↗ filed Oct 23, 2025
Holdings Value
Holdings 110 stocks · $179.9M
| IWF iShares Russell 1000 Growth | 7.87% | 30,206 | $14.1M | Reduce -5.2% |
| IWD iShares Russell 1000 Value E | 7.10% | 62,684 | $12.8M | Reduce -1.5% |
| VOO Vanguard S&P 500 ETF | 5.40% | 15,846 | $9.7M | Add +1.3% |
| VYM Vanguard High DVD Yield ETF | 5.23% | 66,679 | $9.4M | Add +1.8% |
| IVV iShares Core S&P 500 ETF | 4.97% | 13,354 | $8.9M | Reduce -1.0% |
| WTBA West Bancorporation | 4.80% | 424,437 | $8.6M | Reduce -0.8% |
| IWR iShares Russell Mid-Cap ETF | 4.70% | 87,575 | $8.5M | Reduce -10.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.70% | 12,676 | $8.4M | Add +12.7% |
| VYMI Vanguard Int High DVD YLD Inc. | 4.37% | 92,726 | $7.9M | Add +34.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.20% | 22,646 | $5.8M | Reduce -2.4% |
| BAM Brookfield Asset Mgmt-A | 2.95% | 93,091 | $5.3M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.77% | 10,374 | $5.0M | Add +2.1% |
| MSFT Microsoft Corp. | 2.65% | 9,218 | $4.8M | Add +12.8% |
| VEA Vanguard Ftse Developed ETF | 2.43% | 72,965 | $4.4M | Reduce -2.4% |
| AAPL Apple Inc. | 2.42% | 17,119 | $4.4M | Add +17.1% |
| IWM iShares Russell 2000 ETF | 1.65% | 12,247 | $3.0M | Reduce -14.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.65% | 10,074 | $3.0M | Add +3.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.50% | 14,459 | $2.7M | Add +4.9% |
| VIG Vanguard Dividend Apprec ETF | 1.37% | 11,428 | $2.5M | Reduce -2.4% |
| JPM JPMorgan Chase & Co. | 1.18% | 6,722 | $2.1M | Add +25.1% |
| QQQ Invesco QQQ Trust Series 1 | 1.14% | 3,403 | $2.0M | Add +224.1% |
| VEU Vanguard Ftse All-World Ex-U | 1.10% | 27,674 | $2.0M | Add +41.0% |
| NVDA Nvidia Corp. | 0.91% | 8,759 | $1.6M | Add +15.2% |
| GOOG Alphabet Inc. Class C | 0.90% | 6,658 | $1.6M | Add +11.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.83% | 17,140 | $1.5M | Add +2.2% |
| SCHD Schwab US DVD Equity ETF | 0.79% | 51,991 | $1.4M | Reduce -2.9% |
| META Meta Platforms Inc. Class A | 0.79% | 1,923 | $1.4M | Add +127.0% |
| AMZN Amazon.com Inc. | 0.70% | 5,765 | $1.3M | Add +27.6% |
| ABBV Abbvie Inc. | 0.70% | 5,450 | $1.3M | Add +3.0% |
| COST Costco Wholesale Corp. | 0.68% | 1,330 | $1.2M | Reduce -1.3% |
| MCD McDonald's Corp. | 0.57% | 3,362 | $1.0M | Add +10.1% |
| PFG Principal Financial Group | 0.49% | 10,610 | $880K | No change |
| RPG Invesco S&P 500 Pure Growth | 0.49% | 18,300 | $873K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.47% | 1,678 | $844K | Add +33.3% |
| WFC Wells Fargo & Co. | 0.47% | 10,024 | $840K | Add +6.1% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.45% | 18,480 | $809K | Reduce -3.9% |
| ADX Adams Diversified Equity | 0.45% | 36,090 | $805K | New |
| SO The Southern Co. | 0.44% | 8,285 | $785K | Reduce -40.0% |
| PEP Pepsico Inc. | 0.41% | 5,265 | $739K | Add +15.3% |
| JEPI JPMorgan Equity Premium Inco | 0.40% | 12,650 | $722K | Add +7.4% |
| CSCO Cisco Systems Inc. | 0.40% | 10,510 | $719K | Add +25.0% |
| WMT Walmart Inc. | 0.39% | 6,777 | $698K | Reduce -8.9% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.39% | 2,367 | $695K | New |
| VOOV Vanguard S&P 500 Value ETF | 0.38% | 3,450 | $688K | No change |
| ITOT iShares Core S&P Total U.S. | 0.37% | 4,583 | $668K | Add +9.7% |
| PRF Invesco Rafi US 1000 ETF | 0.35% | 14,082 | $637K | New |
| ABT Abbott Laboratories | 0.35% | 4,735 | $634K | Add +1.0% |
| RSP Invesco S&P 500 Equal Weight | 0.33% | 3,083 | $585K | Reduce -3.8% |
| LLY Eli Lilly & Co. | 0.31% | 738 | $563K | Add +5.3% |
| PFE Pfizer Inc. | 0.30% | 21,350 | $544K | No change |
| EFA iShares MSCI Eafe ETF | 0.30% | 5,684 | $531K | Reduce -5.6% |
| ROST Ross Stores Inc. | 0.29% | 3,439 | $524K | No change |
| PG The Procter & Gamble Co. | 0.29% | 3,410 | $524K | Add +70.6% |
| FAST Fastenal Co. | 0.28% | 10,288 | $505K | Reduce -3.6% |
| GSLC Goldman Activebeta US LC ETF | 0.28% | 3,859 | $503K | Add +5.8% |
| GOOGL Alphabet Inc. Class A | 0.26% | 1,912 | $465K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 1,565 | $442K | Reduce -33.8% |
| APH Amphenol Corp. Class A | 0.24% | 3,515 | $435K | Reduce -6.9% |
| MO Altria Group Inc. | 0.24% | 6,516 | $430K | Add +18.5% |
| SDY SS SPDR S&P Dividend ETF | 0.23% | 2,935 | $411K | Reduce -5.0% |
| SPOT Spotify Technology SA | 0.23% | 586 | $409K | Add +2.5% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.22% | 1,328 | $395K | New |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.21% | 2,130 | $372K | New |
| DON Wisdomtree US Midcap Dividen | 0.20% | 7,031 | $368K | Reduce -3.4% |
| MA Mastercard Inc. Class A | 0.20% | 639 | $363K | Reduce -0.5% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.20% | 4,299 | $360K | No change |
| NUSC Nuveen ESG Small-Cap ETF | 0.20% | 7,986 | $352K | New |
| CVX Chevron Corp. | 0.19% | 2,226 | $346K | Add +5.8% |
| IJR iShares Core S&P Small-Cap E | 0.19% | 2,839 | $337K | Add +21.5% |
| GLD SPDR Gold Shares | 0.18% | 934 | $332K | No change |
| UBER Uber Technologies Inc. | 0.18% | 3,352 | $328K | New |
| XLK SS Technology Select Sector | 0.18% | 1,145 | $323K | Add +11.4% |
| JNJ Johnson & Johnson | 0.18% | 1,730 | $321K | New |
| HON Honeywell International Inc. | 0.17% | 1,492 | $314K | Reduce -50.0% |
| LRCX Lam Research Corp. | 0.17% | 2,339 | $313K | Reduce -7.3% |
| COWZ Pacer US Cash Cows 100 ETF | 0.17% | 5,355 | $308K | No change |
| AEP American Electric Power | 0.17% | 2,649 | $298K | Reduce -6.1% |
| NOW ServiceNow Inc. | 0.16% | 320 | $294K | Add +3.2% |
| CTVA Corteva Inc. | 0.16% | 4,330 | $293K | No change |
| V Visa Inc. Class A | 0.16% | 855 | $292K | Add +46.1% |
| CHE Chemed Corp. | 0.16% | 650 | $291K | New |
| IAU iShares Gold Trust | 0.16% | 3,961 | $288K | No change |
| XOM Exxon Mobil Corp. | 0.16% | 2,515 | $284K | Add +6.0% |
| LHX L3HARRIS Technologies Inc. | 0.16% | 923 | $282K | Reduce -6.8% |
| VCR Vanguard Consumer Discre ETF | 0.15% | 680 | $269K | No change |
| FDS Factset Research Systems Inc. | 0.15% | 932 | $267K | New |
| EOG EOG Resources Inc. | 0.15% | 2,368 | $266K | Add +5.2% |
| PM Philip Morris International | 0.15% | 1,617 | $262K | Add +11.9% |
| FFA First Trust Enhan Eqty Inc. | 0.14% | 12,096 | $260K | No change |
| IDV iShares International Select | 0.14% | 7,039 | $257K | Reduce -1.9% |
| CDNS Cadence Design SYS Inc. | 0.14% | 726 | $255K | Reduce -25.6% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.14% | 2,656 | $255K | Reduce -5.2% |
| PEG Public Service Enterprise GP | 0.14% | 3,039 | $254K | No change |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | 0.13% | 4,035 | $242K | New |
| T AT&T Inc. | 0.13% | 8,398 | $237K | Reduce -29.5% |
| INTU Intuit Inc. | 0.13% | 345 | $236K | Reduce -7.0% |
| HPQ HP Inc. | 0.13% | 8,598 | $234K | Reduce -5.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.12% | 6,888 | $225K | Reduce -7.6% |
| CASY Casey's General Stores Inc. | 0.12% | 396 | $224K | Reduce -27.3% |
| TSCO Tractor Supply Company | 0.12% | 3,889 | $221K | Reduce -6.8% |
Portfolio Sells Q2 2025 → Q3 2025
| IWR iShares Russell Mid-Cap ETF | Reduce -10.8% | 4.70% | −1.00 |
| IWD iShares Russell 1000 Value E | Reduce -1.5% | 7.10% | −0.71 |
| IWF iShares Russell 1000 Growth | Reduce -5.2% | 7.87% | −0.68 |
| WTBA West Bancorporation | Reduce -0.8% | 4.80% | −0.51 |
| SO The Southern Co. | Reduce -40.0% | 0.44% | −0.37 |
| IVV iShares Core S&P 500 ETF | Reduce -1.0% | 4.97% | −0.32 |
| IWM iShares Russell 2000 ETF | Reduce -14.7% | 1.65% | −0.31 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.4% | 3.20% | −0.27 |
| HON Honeywell International Inc. | Reduce -50.0% | 0.17% | −0.26 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.4% | 2.43% | −0.26 |
| IBM Intl Business Machines Corp. | Reduce -33.8% | 0.25% | −0.19 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.19 |
| COST Costco Wholesale Corp. | Reduce -1.3% | 0.68% | −0.16 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.4% | 1.37% | −0.14 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.14 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.14 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.13 |
| BUD Anheuser-Busch Inbev-SPN ADR | Sold out | 0.00% | −0.13 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.13 |
| ADM Archer-Daniels-Midland Co. | Reduce -50.0% | 0.11% | −0.11 |
| SCHD Schwab US DVD Equity ETF | Reduce -2.9% | 0.79% | −0.11 |
| T AT&T Inc. | Reduce -29.5% | 0.13% | −0.09 |
| WMT Walmart Inc. | Reduce -8.9% | 0.39% | −0.07 |
| INTU Intuit Inc. | Reduce -7.0% | 0.13% | −0.05 |
| CASY Casey's General Stores Inc. | Reduce -27.3% | 0.12% | −0.05 |
| CDNS Cadence Design SYS Inc. | Reduce -25.6% | 0.14% | −0.05 |
| EFA iShares MSCI Eafe ETF | Reduce -5.6% | 0.30% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -3.8% | 0.33% | −0.04 |
| SPGI S&P Global Inc. | Reduce -6.9% | 0.12% | −0.04 |
| SDY SS SPDR S&P Dividend ETF | Reduce -5.0% | 0.23% | −0.04 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -3.9% | 0.45% | −0.03 |
| VICI Vici Properties Inc. | Reduce -7.6% | 0.12% | −0.03 |
| DON Wisdomtree US Midcap Dividen | Reduce -3.4% | 0.20% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -0.5% | 0.20% | −0.03 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -5.2% | 0.14% | −0.02 |
| AEP American Electric Power | Reduce -6.1% | 0.17% | −0.02 |
| TSCO Tractor Supply Company | Reduce -6.8% | 0.12% | −0.02 |
| IDV iShares International Select | Reduce -1.9% | 0.14% | −0.01 |
| HPQ HP Inc. | Reduce -5.7% | 0.13% | −0.01 |
| GNRC Generac Holdings Inc. | Reduce -9.5% | 0.12% | −0.01 |
| FAST Fastenal Co. | Reduce -3.6% | 0.28% | −0.00 |
| LHX L3HARRIS Technologies Inc. | Reduce -6.8% | 0.16% | −0.00 |
| APH Amphenol Corp. Class A | Reduce -6.9% | 0.24% | +0.01 |
| LRCX Lam Research Corp. | Reduce -7.3% | 0.17% | +0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| VYMI Vanguard Int High DVD YLD Inc. | Add +34.4% | 4.37% | +0.87 |
| QQQ Invesco QQQ Trust Series 1 | Add +224.1% | 1.14% | +0.77 |
| AAPL Apple Inc. | Add +17.1% | 2.42% | +0.53 |
| RPG Invesco S&P 500 Pure Growth | New | 0.49% | +0.49 |
| ADX Adams Diversified Equity | New | 0.45% | +0.45 |
| META Meta Platforms Inc. Class A | Add +127.0% | 0.79% | +0.39 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 0.39% | +0.39 |
| PRF Invesco Rafi US 1000 ETF | New | 0.35% | +0.35 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +12.7% | 4.70% | +0.31 |
| VEU Vanguard Ftse All-World Ex-U | Add +41.0% | 1.10% | +0.26 |
| GOOGL Alphabet Inc. Class A | New | 0.26% | +0.26 |
| GOOG Alphabet Inc. Class C | Add +11.1% | 0.90% | +0.23 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | New | 0.22% | +0.22 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | New | 0.21% | +0.21 |
| NUSC Nuveen ESG Small-Cap ETF | New | 0.20% | +0.20 |
| JPM JPMorgan Chase & Co. | Add +25.1% | 1.18% | +0.19 |
| UBER Uber Technologies Inc. | New | 0.18% | +0.18 |
| JNJ Johnson & Johnson | New | 0.18% | +0.18 |
| CHE Chemed Corp. | New | 0.16% | +0.16 |
| NVDA Nvidia Corp. | Add +15.2% | 0.91% | +0.15 |
| FDS Factset Research Systems Inc. | New | 0.15% | +0.15 |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | New | 0.13% | +0.13 |
| QDEF NT Qual Div Def ETF | New | 0.12% | +0.12 |
| DIS The Walt Disney Co. | New | 0.11% | +0.11 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.11% | +0.11 |
| ANET Arista Networks Inc. | New | 0.11% | +0.11 |
| FISV Fiserv Inc. | New | 0.11% | +0.11 |
| VFH Vanguard Financials ETF | New | 0.11% | +0.11 |
| PG The Procter & Gamble Co. | Add +70.6% | 0.29% | +0.09 |
| MSFT Microsoft Corp. | Add +12.8% | 2.65% | +0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +33.3% | 0.47% | +0.08 |
| ABBV Abbvie Inc. | Add +3.0% | 0.70% | +0.08 |
| AMZN Amazon.com Inc. | Add +27.6% | 0.70% | +0.08 |
| MO Altria Group Inc. | Add +18.5% | 0.24% | +0.04 |
| CSCO Cisco Systems Inc. | Add +25.0% | 0.40% | +0.03 |
| V Visa Inc. Class A | Add +46.1% | 0.16% | +0.03 |
| PEP Pepsico Inc. | Add +15.3% | 0.41% | +0.03 |
| IJR iShares Core S&P Small-Cap E | Add +21.5% | 0.19% | +0.03 |
| XLK SS Technology Select Sector | Add +11.4% | 0.18% | +0.01 |
| ITOT iShares Core S&P Total U.S. | Add +9.7% | 0.37% | +0.01 |
| MCD McDonald's Corp. | Add +10.1% | 0.57% | +0.00 |
| CVX Chevron Corp. | Add +5.8% | 0.19% | +0.00 |
| GSLC Goldman Activebeta US LC ETF | Add +5.8% | 0.28% | 0.00 |
| XOM Exxon Mobil Corp. | Add +6.0% | 0.16% | −0.00 |
| WFC Wells Fargo & Co. | Add +6.1% | 0.47% | −0.01 |
| PM Philip Morris International | Add +11.9% | 0.15% | −0.02 |
| JEPI JPMorgan Equity Premium Inco | Add +7.4% | 0.40% | −0.02 |
| EOG EOG Resources Inc. | Add +5.2% | 0.15% | −0.02 |
| LLY Eli Lilly & Co. | Add +5.3% | 0.31% | −0.03 |
| NOW ServiceNow Inc. | Add +3.2% | 0.16% | −0.04 |
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 |