American Investment Services, Inc.
Long book
$448.3M
Q1 2026
Positions
132
Top-10 weight
44%
concentration
Last quarter
+6.7%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsAmerican Investment Services, Inc. is a wealth-management firm allocating client money, running a $448.3M US long book across 132 positions.
The portfolio is moderately concentrated (top 10 ≈ 44% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SPDR GOLD MINISHARES TRUST, VANGUARD GROWTH ETF, DIMENSIONAL US MARKETWIDE VA, VANGUARD INT HIGH DVD YLD IN, DIMENSIONAL INTERNATIONAL CO.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.2%
Q2 2024
+7.5%
Q3 2024
-0.4%
Q4 2024
+0.7%
Q1 2025
+6.9%
Q2 2025
+7.5%
Q3 2025
+4.1%
Q4 2025
+3.2%
Q1 2026
+6.7%
Sector allocation
Healthcare 35%
Energy 22%
Communications 17%
Financials 12%
Technology 4%
Other 3%
Consumer discretionary 2%
Industrials 2%
Long book by quarter
What does American Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CVX CHEVRON CORP | Energy | 57.1K | $11.8M | 2.6% | -0.7% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 190.0K | $9.5M | 2.1% | -6.9% |
| MRK MERCK & CO. INC. | Healthcare | 66.5K | $8.0M | 1.8% | +19.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 22.1K | $5.4M | 1.2% | -5.1% |
| AMGN AMGEN INC | Healthcare | 14.0K | $4.9M | 1.1% | +13.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.7K | $2.7M | 0.6% | Held |
| LLY ELI LILLY & CO | Healthcare | 1.4K | $1.3M | 0.3% | +1.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 3.8K | $1.0M | 0.2% | New |
| IBM INTL BUSINESS MACHINES CORP | Technology | 4.2K | $1.0M | 0.2% | -56.6% |
| XOM EXXON MOBIL CORP | Energy | 4.5K | $770K | 0.2% | -22.4% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.2% | Held |
| NEE NEXTERA ENERGY INC | Utilities | 7.6K | $705K | 0.2% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 2.1K | $704K | 0.2% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 2.3K | $677K | 0.2% | Held |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 10.0K | $671K | 0.1% | New |
| PEP PEPSICO INC | Consumer staples | 4.0K | $614K | 0.1% | Held |
| DOW DOW INC | Materials | 13.3K | $554K | 0.1% | -65.4% |
| KO COCA-COLA CO/THE | Consumer staples | 7.1K | $543K | 0.1% | -0.2% |
| CI THE CIGNA GROUP | Financials | 2.0K | $542K | 0.1% | Held |
| NKE NIKE INC -CL B | Other | 9.8K | $515K | 0.1% | New |
| GE GENERAL ELECTRIC | Industrials | 1.8K | $512K | 0.1% | +3.3% |
| AAPL APPLE INC | Technology | 2.0K | $510K | 0.1% | -0.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 3.5K | $509K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 132 | $448.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 129 | $430.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 134 | $416.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 133 | $391.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 157 | $568.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ARESTATEMENT | Mar 3, 2025 | 157 | $565.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 157 | $598.7M | SEC ↗ | |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 157 | $598.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 156 | $564.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 155 | $564.2M | canonical | SEC ↗ |