13F HOLDINGS REPORT

American Investment Services, Inc.

Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001369913-26-000001

Total Value

$430.9M

Positions

129

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (129)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	WORLD GOLD TR	GLDW	512,994	$43.8M	10.16%
2	VANGUARD INDEX FDS	922908736	79,205	$38.6M	8.97%
3	DIMENSIONAL ETF TRUST	25434V724	485,791	$22.6M	5.25%
4	VANGUARD WHITEHALL FDS	921946794	224,655	$20.2M	4.69%
5	DIMENSIONAL ETF TRUST	25434V799	387,317	$13.3M	3.10%
6	DIMENSIONAL ETF TRUST	25434V500	181,990	$12.7M	2.94%
7	DIMENSIONAL ETF TRUST	25434V401	161,855	$12.0M	2.79%
8	VANGUARD INDEX FDS	922908744	59,640	$11.4M	2.64%
9	VANGUARD WORLD FD	92204A876	53,909	$10.0M	2.32%
10	DIMENSIONAL ETF TRUST	25434V658	334,634	$8.8M	2.05%
11	DIMENSIONAL ETF TRUST	25434V732	265,385	$8.8M	2.04%
12	CHEVRON CORP NEW	CVX	57,554	$8.8M	2.04%
13	DIMENSIONAL ETF TRUST	25434V609	145,467	$8.7M	2.01%
14	DIMENSIONAL ETF TRUST	25434V617	112,427	$8.3M	1.93%
15	VERIZON COMMUNICATIONS INC	VZ	203,991	$8.3M	1.93%
16	ISHARES GOLD TR	IAU	102,250	$8.3M	1.93%
17	VANGUARD TAX-MANAGED FDS	921943858	130,091	$8.1M	1.89%
18	DIMENSIONAL ETF TRUST	25434V880	237,370	$7.8M	1.80%
19	VANGUARD INDEX FDS	922908611	30,642	$6.5M	1.51%
20	VANGUARD INDEX FDS	922908751	24,957	$6.4M	1.49%
21	VANGUARD INDEX FDS	922908553	70,674	$6.3M	1.45%
22	MERCK & CO INC	MRK	55,803	$5.9M	1.36%
23	ISHARES TR	464288679	50,109	$5.5M	1.28%
24	VANGUARD INDEX FDS	922908363	8,243	$5.2M	1.20%
25	DIMENSIONAL ETF TRUST	25434V815	151,323	$5.0M	1.16%
26	JOHNSON & JOHNSON	JNJ	23,332	$4.8M	1.12%
27	VANGUARD MUN BD FDS	922907746	82,741	$4.2M	0.97%
28	AMGEN INC	AMGN	12,364	$4.0M	0.94%
29	SCHWAB STRATEGIC TR	808524862	163,059	$4.0M	0.92%
30	DIMENSIONAL ETF TRUST	25434V666	111,300	$3.8M	0.88%
31	DIMENSIONAL ETF TRUST	25434V849	78,899	$3.8M	0.88%
32	VANGUARD INTL EQUITY INDEX F	922042858	70,332	$3.8M	0.88%
33	SPDR INDEX SHS FDS	78463X889	76,172	$3.4M	0.79%
34	SPDR SERIES TRUST	78464A508	59,253	$3.4M	0.78%
35	VANGUARD SCOTTSDALE FDS	92206C870	38,438	$3.2M	0.75%
36	SCHWAB STRATEGIC TR	808524102	114,611	$3.0M	0.70%
37	ISHARES TR	464287457	35,216	$2.9M	0.68%
38	VANGUARD SCOTTSDALE FDS	92206C102	49,172	$2.9M	0.67%
39	BERKSHIRE HATHAWAY INC DEL	BRK-A	5,677	$2.9M	0.66%
40	INTERNATIONAL BUSINESS MACHS	INTR	9,622	$2.9M	0.66%
41	DIMENSIONAL ETF TRUST	25434V203	69,901	$2.7M	0.62%
42	SPDR SERIES TRUST	78464A854	33,075	$2.7M	0.62%
43	SCHWAB STRATEGIC TR	808524201	85,578	$2.3M	0.53%
44	VANGUARD INDEX FDS	922908769	6,851	$2.3M	0.53%
45	VANGUARD BD INDEX FDS	921937827	28,895	$2.3M	0.53%
46	SCHWAB STRATEGIC TR	808524607	78,428	$2.2M	0.52%
47	ISHARES TR	464287309	16,817	$2.1M	0.48%
48	ISHARES TR	464287226	20,406	$2.0M	0.47%
49	DIMENSIONAL ETF TRUST	25434V583	34,266	$1.9M	0.43%
50	VANGUARD INDEX FDS	922908637	5,824	$1.8M	0.43%
51	INVESCO EXCHANGE TRADED FD T	IVZ	9,522	$1.8M	0.42%
52	DIMENSIONAL ETF TRUST	25434V104	38,809	$1.8M	0.42%
53	DIMENSIONAL ETF TRUST	25434V807	35,620	$1.8M	0.41%
54	DIMENSIONAL ETF TRUST	25434V864	35,937	$1.7M	0.40%
55	ISHARES TR	464287614	3,573	$1.7M	0.39%
56	ISHARES TR	464287176	14,664	$1.6M	0.37%
57	ELI LILLY & CO	LLY	1,395	$1.5M	0.35%
58	ISHARES TR	464287879	12,760	$1.5M	0.34%
59	DIMENSIONAL ETF TRUST	25434V831	37,597	$1.4M	0.33%
60	VANGUARD SCOTTSDALE FDS	92206C730	4,425	$1.4M	0.32%
61	DIMENSIONAL ETF TRUST	25434V302	41,755	$1.4M	0.32%
62	SCHWAB STRATEGIC TR	808524805	51,951	$1.2M	0.29%
63	SPDR SERIES TRUST	78464A300	13,581	$1.2M	0.29%
64	VANGUARD BD INDEX FDS	921937835	15,341	$1.1M	0.26%
65	VANGUARD MALVERN FDS	922020730	14,236	$1.1M	0.25%
66	DIMENSIONAL ETF TRUST	25434V872	24,459	$1.0M	0.24%
67	SCHWAB STRATEGIC TR	808524706	29,486	$965,661	0.22%
68	SPDR INDEX SHS FDS	78463X509	19,683	$921,346	0.21%
69	PROLOGIS INC.	PLDGP	7,070	$902,557	0.21%
70	DOW INC	DOW	38,368	$897,044	0.21%
71	DIMENSIONAL ETF TRUST	25434V641	11,676	$868,080	0.20%
72	ISHARES TR	464287598	4,076	$857,346	0.20%
73	BERKSHIRE HATHAWAY INC DEL	BRK-A	1	$754,800	0.18%
74	JPMORGAN CHASE & CO.	VYLD	2,302	$741,751	0.17%
75	CISCO SYS INC	CSCO	9,567	$736,947	0.17%
76	HOME DEPOT INC	HD	2,140	$736,374	0.17%
77	EQUINIX INC	EQIX	929	$711,763	0.17%
78	ISHARES TR	464287200	1,031	$705,985	0.16%
79	EXXON MOBIL CORP	XOM	5,846	$703,508	0.16%
80	ISHARES TR	464287804	5,598	$672,768	0.16%
81	SPDR SERIES TRUST	78468R853	14,119	$661,617	0.15%
82	AMERICAN TOWER CORP NEW	03027X100	3,599	$631,877	0.15%
83	VANGUARD WORLD FD	92204A702	831	$626,392	0.15%
84	ISHARES TR	464287655	2,477	$609,739	0.14%
85	NEXTERA ENERGY INC	NEE-PW	7,586	$609,005	0.14%
86	ISHARES TR	464287234	11,019	$602,850	0.14%
87	CATERPILLAR INC	CAT	1,043	$597,504	0.14%
88	SPDR S&P 500 ETF TR	SPY	867	$591,025	0.14%
89	VANGUARD MALVERN FDS	922020805	11,777	$582,478	0.14%
90	PEPSICO INC	PEP	3,951	$567,048	0.13%
91	THE CIGNA GROUP	125523100	2,033	$559,543	0.13%
92	APPLE INC	AAPL	2,028	$551,206	0.13%
93	DIMENSIONAL ETF TRUST	25434V823	23,692	$542,576	0.13%
94	GE AEROSPACE	369604301	1,745	$537,513	0.12%
95	PROCTER AND GAMBLE CO	742718109	3,522	$504,738	0.12%
96	COCA COLA CO	KO	7,158	$500,416	0.12%
97	SIMON PPTY GROUP INC NEW	828806109	2,656	$491,653	0.11%
98	DIGITAL RLTY TR INC	253868103	3,030	$468,772	0.11%
99	SCHWAB STRATEGIC TR	808524409	15,663	$463,782	0.11%
100	REALTY INCOME CORP	O	7,526	$424,241	0.10%
101	PUBLIC STORAGE OPER CO	PSA-PS	1,626	$421,947	0.10%
102	VANGUARD WORLD FD	921910691	6,578	$418,559	0.10%
103	MICROSOFT CORP	MSFT	850	$411,077	0.10%
104	ISHARES TR	464287564	6,384	$380,934	0.09%
105	COLGATE PALMOLIVE CO	CL	4,800	$379,296	0.09%
106	JOHNSON CTLS INTL PLC	G51502105	3,130	$374,818	0.09%
107	VANGUARD CHARLOTTE FDS	92203J407	7,679	$371,049	0.09%
108	ISHARES TR	464287465	3,704	$355,696	0.08%
109	ISHARES TR	464287408	1,666	$353,309	0.08%
110	CROWN CASTLE INC	CCI	3,972	$352,992	0.08%
111	HARTFORD INSURANCE GROUP INC	HIG-PG	2,423	$333,890	0.08%
112	VANGUARD MUN BD FDS	922907696	4,149	$317,192	0.07%
113	VICI PPTYS INC	925652109	11,092	$311,908	0.07%
114	VANGUARD SCOTTSDALE FDS	92206C565	4,497	$309,125	0.07%
115	VANGUARD SPECIALIZED FUNDS	921908844	1,385	$304,396	0.07%
116	DIMENSIONAL ETF TRUST	25434V740	8,962	$302,378	0.07%
117	EXTRA SPACE STORAGE INC	EXR	2,249	$292,865	0.07%
118	MEDTRONIC PLC	MDT	2,868	$275,501	0.06%
119	AVALONBAY CMNTYS INC	AWX	1,481	$268,521	0.06%
120	SELECT SECTOR SPDR TR	81369Y803	1,848	$266,057	0.06%
121	IRON MTN INC DEL	46284V101	3,103	$257,394	0.06%
122	TE CONNECTIVITY PLC	TEL	1,124	$255,722	0.06%
123	VANGUARD STAR FDS	921909768	3,291	$248,274	0.06%
124	ISHARES TR	464288869	1,492	$235,289	0.05%
125	VANGUARD SCOTTSDALE FDS	92206C573	3,004	$233,268	0.05%
126	EQUITY RESIDENTIAL	EQR	3,665	$231,042	0.05%
127	SBA COMMUNICATIONS CORP NEW	SBAC	1,146	$221,671	0.05%
128	ADVANCED MICRO DEVICES INC	AMD	1,018	$218,015	0.05%
129	PFIZER INC	PFE	8,082	$201,242	0.05%