Institutional Manager · CIK 0001132651
AMES NATIONAL CORP
AMES, IA · File #028-25350
Latest AUM
$170.8M
Positions
124
Top-10 Concentration
58.7%
Filings
5
Portfolio Value Over Time
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | Vanguard Total Stock Market | 922908769 | +10,161 | +$3.4M | +$490 |
| ADD | iShares Core S&P 500 Index | 464287200 | +2,551 | +$1.7M | +$265,833 |
| ADD | State Street Technology Select Sector SPDR | 81369Y803 | +11,165 | +$1.6M | -$1.8M |
| REDUCE | Union Pacific | UNP | -2,183 | -$504,972 | -$21,371 |
| REDUCE | Alphabet C | GOOG | -1,290 | -$404,802 | +$383,214 |
| REDUCE | Microsoft | MSFT | -833 | -$402,855 | -$185,040 |
| REDUCE | Home Depot | HD | -1,122 | -$386,122 | -$129,058 |
| REDUCE | iShares Russell Mid-Cap Index | 464287499 | -2,490 | -$239,712 | -$5,603 |
| EXITED | Broadcom Inc | 11135F101 | -700 | -$230,937 | $0 |
| ADD | iShares Core S&P Mid-Cap | 464287507 | +2,965 | +$195,690 | +$12,608 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025124 pos · $170.8M
- 13F HOLDINGS REPORTQ/E Sep 2025128 pos · $168.4M
- 13F HOLDINGS REPORTQ/E Jun 2025123 pos · $154.6M
- 13F HOLDINGS REPORTQ/E Mar 2025115 pos · $149.0M
- 13F HOLDINGS REPORTQ/E Dec 2024121 pos · $148.5M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | iShares Core S&P 500 Index | 464287200 | 42,706 | $29.3M | 19.33% |
| 2 | iShares Core S&P 500 Index | 464287200 | 19,548 | $13.4M | 8.85% |
| 3 | Vanguard Short-Term Bond | 921937827 | 115,950 | $9.1M | 6.04% |
| 4 | Vanguard Total Bond Market | 921937835 | 119,180 | $8.8M | 5.83% |
| 5 | iShares Core US Aggregate Bond | 464287226 | 86,595 | $8.6M | 5.72% |
| 6 | Microsoft | MSFT | 11,226 | $5.4M | 3.59% |
| 7 | Vanguard Total International Stock | 921909768 | 48,065 | $3.6M | 2.40% |
| 8 | iShares Russell Mid-Cap Index | 464287499 | 37,543 | $3.6M | 2.39% |
| 9 | State Street Technology Select Sector SPDR | 81369Y803 | 24,490 | $3.5M | 2.33% |
| 10 | Vanguard Total Stock Market | 922908769 | 10,230 | $3.4M | 2.27% |
| 11 | Goeppinger Enterprises Inc | GEI001202 | 1,202 | $3.4M | 2.26% |
| 12 | Vanguard Short-Term Inflation-Protected Securities | 922020805 | 67,724 | $3.3M | 2.21% |
| 13 | Apple | AAPL | 10,834 | $2.9M | 1.95% |
| 14 | iShares Core US Aggregate Bond | 464287226 | 27,263 | $2.7M | 1.80% |
| 15 | Vanguard Short-Term Bond | 921937827 | 34,136 | $2.7M | 1.78% |
| 16 | Vanguard Total Bond Market | 921937835 | 35,189 | $2.6M | 1.72% |
| 17 | iShares Russell 2000 Index | 464287655 | 9,700 | $2.4M | 1.58% |
| 18 | iShares Core S&P Mid-Cap | 464287507 | 35,352 | $2.3M | 1.54% |
| 19 | Vanguard Total International Stock | 921909768 | 30,575 | $2.3M | 1.52% |
| 20 | Microsoft | MSFT | 4,557 | $2.2M | 1.46% |