Midwest Heritage Bank, FSB
Long book
$311.7M
Q1 2026
Positions
51
Top-10 weight
77%
concentration
Last quarter
+10.8%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsMidwest Heritage Bank, FSB is a wealth-management firm allocating client money, running a $311.7M US long book across 51 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: DIMENSIONAL US CORE EQUITY 2, CAP GROUP CORE EQUITY, CAP GROUP DIVIDEND VALUE, CAP GROUP CORE PLUS INCOME, DIMENSIONAL US HIGH PROFI ET.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 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
+1.0%
Q2 2024
+6.7%
Q3 2024
-0.5%
Q4 2024
-1.6%
Q1 2025
+7.8%
Q2 2025
+6.3%
Q3 2025
+2.4%
Q4 2025
-1.1%
Q1 2026
+10.8%
Sector allocation
Financials 32%
Energy 30%
Consumer discretionary 19%
Consumer staples 8%
Technology 7%
Industrials 4%
Long book by quarter
What does Midwest Heritage own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.2% | Held |
| XOM EXXON MOBIL CORP | Energy | 4.0K | $673K | 0.2% | -2.5% |
| CVX CHEVRON CORP | Energy | 2.6K | $532K | 0.2% | Held |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 511 | $372K | 0.1% | +0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.8K | $370K | 0.1% | Held |
| MO ALTRIA GROUP INC | Consumer staples | 4.9K | $326K | 0.1% | Held |
| AAPL APPLE INC | Technology | 1.1K | $286K | 0.1% | Held |
| PFG PRINCIPAL FINANCIAL GROUP | Financials | 3.2K | $284K | 0.1% | New |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 516 | $247K | 0.1% | Held |
| F FORD MOTOR CO | Industrials | 13.3K | $153K | 0.0% | +32.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 51 | $311.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 59 | $289.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 59 | $282.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 16, 2025 | 58 | $265.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 59 | $242.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 54 | $215.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 18, 2024 | 58 | $213.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 55 | $197.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 24, 2024 | 54 | $190.0M | canonical | SEC ↗ |