American State Bank (Iowa)
Long book
$208.2M
Q1 2026
Positions
136
Top-10 weight
36%
concentration
Last quarter
+16.1%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsAmerican State Bank (Iowa) is an institutional manager, running a $208.2M US long book across 136 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, ISHARES RUSSELL 1000 GROWTH, INVESCO QQQ TRUST SERIES 1, ISHARES RUSSELL 1000 VALUE E, APPLE INC.
Over the last 9 quarters its long book ran on average 0.7pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.6%
Q2 2024
+5.1%
Q3 2024
+0.7%
Q4 2024
-1.7%
Q1 2025
+10.0%
Q2 2025
+9.2%
Q3 2025
+3.2%
Q4 2025
-0.6%
Q1 2026
+16.1%
Sector allocation
Technology 36%
Financials 13%
Industrials 12%
Healthcare 8%
Consumer discretionary 7%
Utilities 7%
Other 4%
Energy 4%
Long book by quarter
What does American State own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 111.8K | $19.5M | 9.4% | -1.3% |
| AAPL APPLE INC | Technology | 24.7K | $6.3M | 3.0% | -3.9% |
| MSFT MICROSOFT CORP | Technology | 14.3K | $5.3M | 2.5% | +1.3% |
| INTC INTEL CORP | Technology | 79.2K | $3.5M | 1.7% | +1.2% |
| AMAT APPLIED MATERIALS INC | Technology | 9.2K | $3.2M | 1.5% | +0.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 12.6K | $3.1M | 1.5% | +0.9% |
| BAC BANK OF AMERICA CORP | Financials | 62.7K | $3.1M | 1.5% | +2.1% |
| WM WASTE MANAGEMENT INC | Utilities | 12.8K | $2.9M | 1.4% | +0.7% |
| WMT WALMART INC | Consumer discretionary | 23.0K | $2.9M | 1.4% | +0.9% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 7.0K | $2.7M | 1.3% | Held |
| LRCX LAM RESEARCH CORP | Industrials | 12.0K | $2.6M | 1.2% | Held |
| AMGN AMGEN INC | Healthcare | 7.2K | $2.5M | 1.2% | +1.6% |
| C CITIGROUP INC | Financials | 21.5K | $2.4M | 1.2% | +0.9% |
| GE GENERAL ELECTRIC | Industrials | 8.3K | $2.4M | 1.1% | +1.1% |
| BA BOEING CO/THE | Industrials | 11.7K | $2.3M | 1.1% | +2.7% |
| JPM JPMORGAN CHASE & CO | Financials | 7.8K | $2.3M | 1.1% | +0.8% |
| XOM EXXON MOBIL CORP | Energy | 13.0K | $2.2M | 1.1% | +0.5% |
| CSCO CISCO SYSTEMS INC | Technology | 28.4K | $2.2M | 1.1% | +0.9% |
| SPGI S&P GLOBAL INC | Services media | 5.0K | $2.1M | 1.0% | +2.0% |
| HIG HARTFORD INSURANCE GROUP INC | Financials | 15.5K | $2.1M | 1.0% | +0.7% |
| AVGO BROADCOM INC | Technology | 6.7K | $2.1M | 1.0% | +1.2% |
| GD GENERAL DYNAMICS CORP | Industrials | 5.5K | $1.9M | 0.9% | -1.3% |
| T AT&T INC | Communications | 63.9K | $1.9M | 0.9% | +2.4% |
| ED CONSOLIDATED EDISON INC | Utilities | 16.2K | $1.8M | 0.9% | +1.3% |
| GOOG ALPHABET INC-CL C | Technology | 5.8K | $1.7M | 0.8% | +3.9% |
| WFC WELLS FARGO & CO | Financials | 20.8K | $1.7M | 0.8% | +6.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 11.4K | $1.6M | 0.8% | +4.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 7.7K | $1.6M | 0.8% | +2.8% |
| GS GOLDMAN SACHS GROUP INC | Financials | 1.9K | $1.6M | 0.8% | +0.6% |
| CVX CHEVRON CORP | Energy | 7.7K | $1.6M | 0.8% | +1.2% |
| RTX RTX CORP | Industrials | 7.9K | $1.5M | 0.7% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 28.9K | $1.5M | 0.7% | +6.3% |
| GILD GILEAD SCIENCES INC | Healthcare | 10.2K | $1.4M | 0.7% | +1.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.4K | $1.4M | 0.7% | +3.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 4.4K | $1.4M | 0.7% | +2.0% |
| NFLX NETFLIX INC | Services media | 14.0K | $1.3M | 0.6% | +2.6% |
| ROST ROSS STORES INC | Consumer discretionary | 5.6K | $1.2M | 0.6% | +1.2% |
| NEE NEXTERA ENERGY INC | Utilities | 12.4K | $1.2M | 0.6% | +2.3% |
| WEC WEC ENERGY GROUP INC | Utilities | 9.6K | $1.1M | 0.5% | Held |
| PEP PEPSICO INC | Consumer staples | 7.1K | $1.1M | 0.5% | +3.0% |
| UNP UNION PACIFIC CORP | Industrials | 4.4K | $1.1M | 0.5% | +2.8% |
| DOW DOW INC | Materials | 24.6K | $1.0M | 0.5% | +5.8% |
| DELL DELL TECHNOLOGIES -C | Technology | 6.2K | $1.0M | 0.5% | Held |
| V VISA INC-CLASS A SHARES | Services media | 3.4K | $1.0M | 0.5% | +7.5% |
| ABBV ABBVIE INC | Healthcare | 4.6K | $996K | 0.5% | +0.9% |
| GEV GE VERNOVA INC | Industrials | 1.1K | $959K | 0.5% | Held |
| CI THE CIGNA GROUP | Financials | 3.5K | $937K | 0.4% | Held |
| TSLA TESLA INC | Industrials | 2.5K | $929K | 0.4% | +2.8% |
| ADBE ADOBE INC | Technology | 3.6K | $883K | 0.4% | +2.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 3.1K | $849K | 0.4% | +11.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 14, 2026 | 136 | $208.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Apr 14, 2026 | 136 | $208.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Apr 14, 2026 | 132 | $196.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Apr 14, 2026 | 127 | $180.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 14, 2026 | 125 | $165.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Apr 14, 2026 | 123 | $165.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Apr 14, 2026 | 128 | $164.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Apr 14, 2026 | 122 | $156.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 14, 2026 | 122 | $149.1M | canonical | SEC ↗ |
Similar funds
MASSACHUSETTS FINANCIAL SERVICES CO /MA/JENNISON ASSOCIATES LLCNational Pension ServiceFIL LtdClearbridge Investments, LLCDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am MainNORDEA INVESTMENT MANAGEMENT ABBoston PartnersSwedbank AB1832 Asset Management L.P. HARRIS ASSOCIATES L PLOOMIS SAYLES & CO L P