West Bancorporation Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), West Bancorporation Inc. reported 98 stock positions worth $200.4 million. Its top holding was iShares Russell 1000 Growth (IWF) at 7.9% of the portfolio, followed by iShares Russell 1000 Value E (IWD, 7.8%) and Vanguard High DVD Yield ETF (VYM, 6.5%). Compared with Q4 2025, it opened 8 new positions, sold out of 8, added to 25 and reduced 30. The biggest buy was Vanguard Int High DVD YLD (VYMI, shares +25%) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
WEST DES MOINES, IA
CIK
0001166928
Portfolio Value
$200.4M (Q1 2026)
SEC Filing
0001166928-26-000026 ↗ filed Apr 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 $200.4M Q1 2026 Q2 2026: $233.8M Q2 2026

Holdings 98 stocks · $200.4M
IWF iShares Russell 1000 Growth 7.85% 36,906 $15.7M Add +19.4%
IWD iShares Russell 1000 Value E 7.80% 73,131 $15.6M Add +9.4%
VYM Vanguard High DVD Yield ETF 6.54% 88,546 $13.1M Add +19.4%
VYMI Vanguard Int High DVD YLD Inc. 6.26% 133,241 $12.6M Add +25.1%
VOO Vanguard S&P 500 ETF 5.21% 17,479 $10.4M Add +3.2%
IWR iShares Russell Mid-Cap ETF 5.15% 106,076 $10.3M Add +18.1%
WTBA West Bancorporation 4.96% 418,161 $9.9M Reduce -0.8%
IVV iShares Core S&P 500 ETF 4.34% 13,302 $8.7M Add +0.9%
SPY SS SPDR S&P 500 ETF Trust-US 4.11% 12,676 $8.2M No change
VUG Vanguard Mrngstar GR ETF-Sui 3.39% 15,554 $6.8M Add +14.0%
VB Vanguard Most SM-Cap ETF-Usd 3.09% 23,672 $6.2M Add +3.6%
VEA Vanguard Ftse Developed ETF 2.75% 86,009 $5.5M Add +3.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.29% 15,959 $4.6M Add +28.7%
AAPL Apple Inc. 2.17% 17,109 $4.3M Add +0.9%
BAM Brookfield Asset Mgmt-A 2.06% 93,091 $4.1M No change
QQQ Invesco QQQ Trust Series 1 1.74% 6,051 $3.5M No change
MSFT Microsoft Corp. 1.70% 9,183 $3.4M Reduce -0.7%
VTV Vanguard Mrngstr Val ETF-Aui 1.53% 15,650 $3.1M Add +2.5%
VEU Vanguard Ftse All-World Ex-U 1.50% 39,911 $3.0M Add +23.7%
IWM iShares Russell 2000 ETF 1.37% 11,087 $2.7M Reduce -5.3%
ACWI iShares MSCI Acwi ETF 1.23% 17,881 $2.5M Add +11.9%
VIG Vanguard Dividend Apprec ETF 1.04% 9,710 $2.1M Reduce -13.6%
JPM JPMorgan Chase & Co. 0.97% 6,600 $1.9M Reduce -12.0%
GOOG Alphabet Inc. Class C 0.91% 6,364 $1.8M Reduce -0.1%
SCHD Schwab US DVD Equity ETF 0.83% 54,520 $1.7M Reduce -1.9%
NVDA Nvidia Corp. 0.73% 8,374 $1.5M Add +0.1%
IEFA iShares Core MSCI Eafe ETF 0.73% 16,065 $1.5M Reduce -6.3%
COST Costco Wholesale Corp. 0.65% 1,310 $1.3M Reduce -0.1%
AMZN Amazon.com Inc. 0.61% 5,842 $1.2M Reduce -0.4%
META Meta Platforms Inc. Class A 0.54% 1,880 $1.1M Reduce -0.2%
ABBV Abbvie Inc. 0.54% 4,940 $1.1M Reduce -1.5%
MCD McDonald's Corp. 0.52% 3,362 $1.0M Reduce -1.7%
WMT Walmart Inc. 0.52% 8,400 $1.0M Add +4.9%
ADX Adams Diversified Equity 0.51% 46,890 $1.0M No change
PFG Principal Financial Group 0.48% 10,610 $956K No change
SO The Southern Co. 0.47% 9,816 $947K Add +18.5%
RSP Invesco S&P 500 Equal Weight 0.42% 4,347 $834K Add +75.6%
BRK.B Berkshire Hathaway Inc. Class B 0.40% 1,678 $804K No change
RPG Invesco S&P 500 Pure Growth 0.40% 17,164 $802K No change
WFC Wells Fargo & Co. 0.39% 9,826 $782K No change
ROST Ross Stores Inc. 0.37% 3,439 $745K No change
PEP Pepsico Inc. 0.36% 4,640 $721K Reduce -13.4%
VOOV Vanguard S&P 500 Value ETF 0.35% 3,450 $703K No change
JEPI JPMorgan Equity Premium Inco 0.34% 11,950 $677K Reduce -2.9%
CSCO Cisco Systems Inc. 0.32% 8,385 $651K Reduce -17.5%
ITOT iShares Core S&P Total U.S. 0.32% 4,513 $643K Reduce -1.0%
LLY Eli Lilly & Co. 0.31% 670 $616K Reduce -6.2%
PRF Invesco Rafi US 1000 ETF 0.31% 12,942 $615K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.30% 2,318 $597K No change
PFE Pfizer Inc. 0.28% 19,775 $555K Reduce -7.4%
GOOGL Alphabet Inc. Class A 0.27% 1,912 $550K No change
FAST Fastenal Co. 0.27% 11,532 $535K Add +16.8%
ABT Abbott Laboratories 0.26% 5,142 $528K Add +6.6%
XOM Exxon Mobil Corp. 0.26% 3,018 $512K Add +27.4%
PG The Procter & Gamble Co. 0.25% 3,410 $493K No change
CVX Chevron Corp. 0.23% 2,263 $468K Add +13.8%
EFA iShares MSCI Eafe ETF 0.23% 4,731 $460K No change
GSLC Goldman Activebeta US LC ETF 0.23% 3,629 $454K Reduce -6.0%
MO Altria Group Inc. 0.21% 6,516 $430K No change
JNJ Johnson & Johnson 0.21% 1,730 $423K Reduce -0.5%
LRCX Lam Research Corp. 0.21% 1,942 $415K Reduce -13.5%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.21% 1,367 $413K Add +4.3%
GLD SPDR Gold Shares 0.20% 934 $402K No change
SDY SS SPDR S&P Dividend ETF 0.20% 2,685 $392K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 1,565 $379K No change
DON Wisdomtree US Midcap Dividen 0.18% 7,031 $369K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.18% 1,991 $367K No change
CTVA Corteva Inc. 0.18% 4,330 $362K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.18% 1,662 $361K New
NUSC Nuveen ESG Small-Cap ETF 0.18% 7,986 $360K No change
IAU iShares Gold Trust 0.17% 3,961 $349K No change
HON Honeywell International Inc. 0.17% 1,492 $337K Reduce -3.9%
AVGO Broadcom Inc. 0.16% 1,055 $327K New
AEP American Electric Power 0.16% 2,481 $325K Reduce -4.5%
IWS iShares Russell Mid-Cap Valu 0.16% 2,208 $322K New
APH Amphenol Corp. Class A 0.16% 2,520 $318K Reduce -22.3%
MA Mastercard Inc. Class A 0.15% 588 $294K Reduce -0.3%
LHX L3HARRIS Technologies Inc. 0.15% 849 $293K Reduce -0.3%
T AT&T Inc. 0.14% 9,698 $281K Add +15.5%
IJR iShares Core S&P Small-Cap E 0.14% 2,258 $281K No change
PM Philip Morris International 0.13% 1,617 $267K No change
EMR Emerson Electric Co. 0.13% 1,992 $261K New
CASY Casey's General Stores Inc. 0.13% 357 $260K New
VDE Vanguard Energy ETF 0.13% 1,495 $259K New
V Visa Inc. Class A 0.13% 855 $258K No change
P Everpure Inc. Class A 0.13% 4,299 $254K No change
PEG Public Service Enterprise GP 0.12% 3,039 $246K Reduce -4.6%
CHE Chemed Corp. 0.12% 650 $246K No change
IDV iShares International Select 0.12% 5,757 $245K Reduce -4.1%
VCR Vanguard Consumer Discre ETF 0.12% 680 $244K No change
EOG EOG Resources Inc. 0.12% 1,665 $241K New
SNPE Xtrckr S&P 500 Scor&scrn ETF 0.12% 4,035 $240K No change
MNST Monster Beverage Corp. 0.12% 3,272 $237K Reduce -0.5%
UBER Uber Technologies Inc. 0.12% 3,242 $233K No change
IJK iShares S&P Mid-Cap 400 Grow 0.11% 2,140 $215K No change
QDEF NT Qual Div Def ETF 0.11% 2,664 $213K No change
XLI SS Industrial Select Sector 0.10% 1,257 $203K New
FDS Factset Research Systems Inc. 0.10% 932 $202K No change

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -0.7% 1.70% −0.65
JPM JPMorgan Chase & Co. Reduce -12.0% 0.97% −0.30
VIG Vanguard Dividend Apprec ETF Reduce -13.6% 1.04% −0.25
FFA First Trust Enhan Eqty Inc. Sold out 0.00% −0.14
IWM iShares Russell 2000 ETF Reduce -5.3% 1.37% −0.14
GOOG Alphabet Inc. Class C Reduce -0.1% 0.91% −0.14
NOW ServiceNow Inc. Sold out 0.00% −0.12
TSCO Tractor Supply Company Sold out 0.00% −0.12
META Meta Platforms Inc. Class A Reduce -0.2% 0.54% −0.11
INTU Intuit Inc. Sold out 0.00% −0.11
SPGI S&P Global Inc. Sold out 0.00% −0.11
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.11
VFH Vanguard Financials ETF Sold out 0.00% −0.11
DIS The Walt Disney Co. Sold out 0.00% −0.11
AMZN Amazon.com Inc. Reduce -0.4% 0.61% −0.10
LLY Eli Lilly & Co. Reduce -6.2% 0.31% −0.09
CSCO Cisco Systems Inc. Reduce -17.5% 0.32% −0.09
IEFA iShares Core MSCI Eafe ETF Reduce -6.3% 0.73% −0.08
APH Amphenol Corp. Class A Reduce -22.3% 0.16% −0.07
ABBV Abbvie Inc. Reduce -1.5% 0.54% −0.06
PEP Pepsico Inc. Reduce -13.4% 0.36% −0.04
GSLC Goldman Activebeta US LC ETF Reduce -6.0% 0.23% −0.04
ITOT iShares Core S&P Total U.S. Reduce -1.0% 0.32% −0.03
JEPI JPMorgan Equity Premium Inco Reduce -2.9% 0.34% −0.03
MA Mastercard Inc. Class A Reduce -0.3% 0.15% −0.03
MCD McDonald's Corp. Reduce -1.7% 0.52% −0.03
MNST Monster Beverage Corp. Reduce -0.5% 0.12% −0.01
PEG Public Service Enterprise GP Reduce -4.6% 0.12% −0.01
IDV iShares International Select Reduce -4.1% 0.12% −0.00
PFE Pfizer Inc. Reduce -7.4% 0.28% −0.00
AEP American Electric Power Reduce -4.5% 0.16% +0.01
LRCX Lam Research Corp. Reduce -13.5% 0.21% +0.01
HON Honeywell International Inc. Reduce -3.9% 0.17% +0.01
LHX L3HARRIS Technologies Inc. Reduce -0.3% 0.15% +0.02
JNJ Johnson & Johnson Reduce -0.5% 0.21% +0.02
SCHD Schwab US DVD Equity ETF Reduce -1.9% 0.83% +0.04
COST Costco Wholesale Corp. Reduce -0.1% 0.65% +0.06
WTBA West Bancorporation Reduce -0.8% 4.96% +0.06

Portfolio Buys Q4 2025 → Q1 2026
VYMI Vanguard Int High DVD YLD Inc. Add +25.1% 6.26% +1.24
VYM Vanguard High DVD Yield ETF Add +19.4% 6.54% +0.97
IWR iShares Russell Mid-Cap ETF Add +18.1% 5.15% +0.61
IWD iShares Russell 1000 Value E Add +9.4% 7.80% +0.43
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +28.7% 2.29% +0.40
VEU Vanguard Ftse All-World Ex-U Add +23.7% 1.50% +0.25
IWF iShares Russell 1000 Growth Add +19.4% 7.85% +0.18
VBR Vngrd Mrngst SL-CP Val ETF-U New 0.18% +0.18
RSP Invesco S&P 500 Equal Weight Add +75.6% 0.42% +0.17
AVGO Broadcom Inc. New 0.16% +0.16
IWS iShares Russell Mid-Cap Valu New 0.16% +0.16
EMR Emerson Electric Co. New 0.13% +0.13
CASY Casey's General Stores Inc. New 0.13% +0.13
VDE Vanguard Energy ETF New 0.13% +0.13
EOG EOG Resources Inc. New 0.12% +0.12
XOM Exxon Mobil Corp. Add +27.4% 0.26% +0.11
XLI SS Industrial Select Sector New 0.10% +0.10
SO The Southern Co. Add +18.5% 0.47% +0.09
CVX Chevron Corp. Add +13.8% 0.23% +0.07
FAST Fastenal Co. Add +16.8% 0.27% +0.06
WMT Walmart Inc. Add +4.9% 0.52% +0.05
ACWI iShares MSCI Acwi ETF Add +11.9% 1.23% +0.05
T AT&T Inc. Add +15.5% 0.14% +0.03
VEA Vanguard Ftse Developed ETF Add +3.4% 2.75% +0.03
VB Vanguard Most SM-Cap ETF-Usd Add +3.6% 3.09% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +2.5% 1.53% +0.00
VBK Van Morst SML-Cap Gro-Usd Inc. Add +4.3% 0.21% −0.00
ABT Abbott Laboratories Add +6.6% 0.26% −0.05
NVDA Nvidia Corp. Add +0.1% 0.73% −0.09
VUG Vanguard Mrngstar GR ETF-Sui Add +14.0% 3.39% −0.10
AAPL Apple Inc. Add +0.9% 2.17% −0.25
VOO Vanguard S&P 500 ETF Add +3.2% 5.21% −0.35
IVV iShares Core S&P 500 ETF Add +0.9% 4.34% −0.40

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