Institutional Manager · CIK 0001843684

West Financial Advisors, LLC

DES MOINES, IA · File #028-20531

Latest AUM

$592.7M

Positions

236

Top-10 Concentration

77.9%

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
REDUCE	VANGUARD INDEX FDS	922908363	-11,501	-$7.2M	+$2.4M
REDUCE	VANGUARD BD INDEX FDS	921937835	-94,493	-$7.0M	-$242,249
ADD	VANGUARD SCOTTSDALE FDS	92206C870	+57,500	+$4.8M	-$71,214
ADD	ISHARES TR	464287176	+42,410	+$4.7M	-$175,376
REDUCE	SPDR S&P 500 ETF TR	SPY	-6,249	-$4.3M	+$1.6M
REDUCE	VANGUARD MUN BD FDS	922907746	-61,706	-$3.1M	+$249,864
ADD	SELECT SECTOR SPDR TR	81369Y803	+14,077	+$2.0M	-$1.8M
ADD	SELECT SECTOR SPDR TR	81369Y407	+16,442	+$2.0M	-$1.9M
REDUCE	VANGUARD SPECIALIZED FUNDS	921908844	-7,696	-$1.7M	+$182,051
REDUCE	VANGUARD TAX-MANAGED FDS	921943858	-23,626	-$1.5M	+$2.9M

Sector Allocation

Financials

1.4%$8.1M

Technology

1.2%$7.1M

Consumer Discretionary

0.1%$902,263

0.1%$723,535

0.1%$754,607

0.1%$385,286

0.1%$386,770

0.1%$313,121

Communication Services

0.0%$147,682

Real Estate

0.0%$65,640

Materials

0.0%$60,701

Filing History

Jan 13, 202613F HOLDINGS REPORTQ/E Dec 2025236 pos · $592.7M
Oct 14, 202513F HOLDINGS REPORTQ/E Sep 2025193 pos · $605.0M
Jul 21, 202513F HOLDINGS REPORTQ/E Jun 2025207 pos · $574.7M
Apr 9, 202513F HOLDINGS REPORTQ/E Mar 2025203 pos · $526.2M
Jan 14, 202513F HOLDINGS REPORTQ/E Dec 2024205 pos · $518.6M
Oct 8, 202413F HOLDINGS REPORTQ/E Sep 2024188 pos · $518.5M
Jul 15, 202413F HOLDINGS REPORTQ/E Jun 2024160 pos · $481.6M
Apr 11, 202413F HOLDINGS REPORTQ/E Mar 2024154 pos · $466.2M
Oct 10, 202313F HOLDINGS REPORTQ/E Dec 2023208 pos · $398.6M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908363	149,519	$93.8M	16.02%
2	VANGUARD TAX-MANAGED FDS	921943858	1,101,503	$68.8M	11.76%
3	SPDR S&P 500 ETF TR	SPY	98,305	$67.0M	11.46%
4	VANGUARD MUN BD FDS	922907746	1,074,039	$54.0M	9.23%
5	VANGUARD BD INDEX FDS	921937835	712,921	$52.8M	9.02%
6	DIMENSIONAL ETF TRUST	25434V302	890,148	$29.0M	4.95%
7	ISHARES TR	46432F842	288,939	$25.8M	4.42%
8	ISHARES TR	464287507	362,749	$23.9M	4.09%
9	VANGUARD SCOTTSDALE FDS	92206C870	255,295	$21.4M	3.65%
10	ISHARES TR	464287176	176,285	$19.4M	3.31%
11	VANGUARD INDEX FDS	922908553	168,126	$14.9M	2.54%
12	DIMENSIONAL ETF TRUST	25434V500	212,021	$14.8M	2.52%
13	VANGUARD INDEX FDS	922908652	63,139	$13.2M	2.26%
14	DIMENSIONAL ETF TRUST	25434V849	189,836	$9.1M	1.56%
15	VANGUARD SPECIALIZED FUNDS	921908844	37,960	$8.3M	1.43%
16	SPDR SERIES TRUST	78468R663	79,153	$7.2M	1.24%
17	INVESCO QQQ TR	IVZ	9,021	$5.5M	0.95%
18	VANGUARD INDEX FDS	922908769	15,914	$5.3M	0.91%
19	APPLE INC	AAPL	15,876	$4.3M	0.74%
20	SELECT SECTOR SPDR TR	81369Y803	27,490	$4.0M	0.68%