Institutional Manager · CIK 0001546967

Iowa State Bank

URBANDALE, IA · File #028-14934

Latest AUM

$533.3M

Positions

126

Top-10 Concentration

45.0%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

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	Alphabet Inc Class A	GOOG	+6,399	+$2.0M	+$4.0M
EXITED	Comcast Corp New Cl A	20030N101	-47,542	-$1.5M	$0
EXITED	Bath & Body Works Inc	070830104	-48,287	-$1.2M	$0
ADD	NVIDIA Corp	NVDA	+2,531	+$472,032	-$6,872
NEW	State Street Tech Select Sector SPDR ETF	81369Y803	+2,662	+$383,248	$0
ADD	iShares Core U.S. Agg Bond ETF	464287226	+3,438	+$343,387	-$8,042
REDUCE	Salesforce Inc	CRM	-1,255	-$332,462	+$542,738
NEW	State Street Financial Select Sector SPDR ETF	81369Y605	+5,750	+$314,928	$0
REDUCE	iShares Core S&P Small-Cap 600 ETF	464287804	-2,533	-$304,416	+$217,599
REDUCE	JP Morgan Chase & Co	VYLD	-744	-$239,732	+$438,030

Sector Allocation

Technology

16.9%$90.4M

Healthcare

9.2%$49.2M

Industrials

6.0%$32.0M

Consumer Discretionary

4.0%$21.3M

Financials

3.8%$20.3M

Energy

3.0%$16.2M

Communication Services

2.2%$11.5M

Consumer Staples

1.6%$8.8M

Materials

1.1%$5.8M

Utilities

0.3%$1.4M

Filing History

Jan 6, 202613F HOLDINGS REPORTQ/E Dec 2025126 pos · $533.3M
Oct 3, 202513F HOLDINGS REPORTQ/E Sep 2025126 pos · $525.3M
Jul 22, 202513F HOLDINGS REPORTQ/E Jun 2025125 pos · $502.1M
Apr 9, 202513F HOLDINGS REPORTQ/E Mar 2025120 pos · $471.0M
Jan 6, 202513F HOLDINGS REPORTQ/E Dec 2024108 pos · $480.6M
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 2024112 pos · $486.4M
Jul 23, 202413F HOLDINGS REPORTQ/E Jun 2024106 pos · $452.5M
Apr 23, 202413F HOLDINGS REPORTQ/E Mar 2024131 pos · $451.9M
Oct 24, 202313F HOLDINGS REPORTQ/E Dec 2023136 pos · $385.4M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	iShares Core MSCI EAFE ETF	46432F842	323,863	$29.0M	6.53%
2	iShares Core S&P Mid-Cap 400 Index ETF	464287507	385,910	$25.5M	5.74%
3	Apple Inc	AAPL	78,568	$21.4M	4.82%
4	JP Morgan Chase & Co	VYLD	63,767	$20.5M	4.63%
5	Alphabet Inc Class A	GOOG	63,241	$19.8M	4.46%
6	Microsoft Corp	MSFT	40,097	$19.4M	4.37%
7	iShares Core S&P Small-Cap 600 ETF	464287804	158,652	$19.1M	4.30%
8	NVIDIA Corp	NVDA	88,427	$16.5M	3.72%
9	iShares Core MSCI Emerging Mkts ETF	46434G103	213,425	$14.3M	3.23%
10	State Street SPDR Portfolio High Yield ETF	78468R606	596,702	$14.1M	3.18%
11	Abbvie Inc	ABBV	50,366	$11.5M	2.59%
12	Amazon Inc	AMZN	48,610	$11.2M	2.53%
13	Morgan Stanley	MS-PQ	59,602	$10.6M	2.39%
14	Cisco Systems Inc	CSCO	130,226	$10.0M	2.26%
15	Cardinal Health Inc	CAH	47,315	$9.7M	2.19%
16	Emerson Electric Co	EMR	64,458	$8.6M	1.93%
17	Berkshire Hathaway Inc Cl B	BRK-A	16,416	$8.3M	1.86%
18	Exxon Mobil Corp	XOM	64,163	$7.7M	1.74%
19	Meta Platforms Inc	META	11,555	$7.6M	1.72%
20	Johnson & Johnson	JNJ	36,846	$7.6M	1.72%