1y return+28.2%S&P 500 +20.9%
3y return+77.2%S&P 500 +68.5%
5y return+78.5%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $205 against $200 in the S&P 500.2
American State Bank (Iowa)S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $22.3M | 9.1% | |
| IWFIshares Tr | $14.3M | 5.8% | −12.8% |
| QQQInvesco Qqq Tr | $11.4M | 4.6% | |
| INTCIntel Corp | $11.0M | 4.5% | |
| IWDIshares Tr | $8.3M | 3.4% | +6.7% |
| AAPLApple Inc | $7.3M | 3.0% | +2.8% |
| Seagate Technology Hldngs PlCUSIP G7997R103 | $6.8M | 2.7% | |
| AMATApplied Matls Inc | $6.7M | 2.7% | |
| MSFTMicrosoft Corp | $5.7M | 2.3% | +6.2% |
| LRCXLam Research Corp | $5.2M | 2.1% | |
| SPYSPDR S&P 500 ETF TR | $4.9M | 2.0% | |
| BACBank America Corp | $3.6M | 1.5% | +2.1% |
| JNJJOHNSON & JOHNSON | $3.4M | 1.4% | +7.0% |
| CSCOCisco Sys Inc | $3.4M | 1.4% | +1.5% |
| GEGe Aerospace | $3.2M | 1.3% | +2.0% |
| CCitigroup Inc | $3.1M | 1.2% | +2.2% |
| WMWaste Mgmt Inc Del | $3.0M | 1.2% | +3.4% |
| HDVIshares Tr | $2.9M | 1.2% | −1.9% |
| AGGIshares Tr | $2.7M | 1.1% | −2.6% |
| WMTWalmart Inc | $2.7M | 1.1% | +2.8% |
| AMGNAmgen Inc | $2.7M | 1.1% | +3.3% |
| DELLDell Technologies Inc | $2.7M | 1.1% | |
| DIASpdr Dow Jones Indl Average | $2.6M | 1.1% | |
| JPMJPMORGAN CHASE & CO. | $2.6M | 1.1% | +2.2% |
| BABoeing Co | $2.6M | 1.0% | +2.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | December 31, 2020 | +1432.6% | $22.3M |
| Seagate Technology Hldngs PlCUSIP G7997R103 | June 30, 2021 | +997.4% | $6.8M |
| AVGOBroadcom Inc | December 31, 2020 | +762.7% | $2.5M |
| AMATApplied Matls Inc | December 31, 2020 | +737.7% | $6.7M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $5.2M |
| DELLDell Technologies Inc | December 31, 2020 | +488.7% | $2.7M |
| GOOGAlphabet Inc | December 31, 2020 | +303.4% | $2.1M |
| GSGoldman Sachs Group Inc | December 31, 2020 | +283.5% | $2.0M |
| GEGe Aerospace | September 30, 2021 | +262.7% | $3.2M |
| Exxon Mobil CorpCUSIP 30231G102 | December 31, 2020 | +231.7% | $1.8M |
Sold off last quarter
- SNYSanofi Sa was $599K
- CRMSalesforce Inc was $400K
- CMCSAComcast Corp New was $400K
- XLYSelect Sector Spdr Tr was $275K
- XLISelect Sector Spdr Tr was $225K
- XBISpdr Series Trust was $204K
- XARSpdr Series Trust was $203K
- GLDSpdr Gold Tr was $203K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +14.8% | +14.8% |
| March 31, 2026 | −0.5% | −4.6% |
| December 31, 2025 | +2.9% | +2.4% |
| September 30, 2025 | +9.1% | +7.8% |
| June 30, 2025 | +9.7% | +10.5% |
| March 31, 2025 | −2.1% | −4.6% |
| December 31, 2024 | +0.1% | +2.1% |
| September 30, 2024 | +4.7% | +5.4% |
| June 30, 2024 | +3.8% | +4.0% |
| March 31, 2024 | +9.8% | +10.0% |
| December 31, 2023 | +11.2% | +11.2% |
| September 30, 2023 | −3.2% | −3.6% |
| June 30, 2023 | +6.1% | +8.3% |
| March 31, 2023 | +5.0% | +7.0% |
| December 31, 2022 | +10.0% | +7.1% |
| September 30, 2022 | −6.8% | −5.3% |
| June 30, 2022 | −14.9% | −16.5% |
| March 31, 2022 | −4.0% | −4.9% |
| December 31, 2021 | +8.8% | +10.7% |
| September 30, 2021 | −0.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: American State Bank (Iowa) Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2122473&type=13F-HR&dateb=&owner=include&count=40CIK 2122473
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2122473/000212247326000024/Filed July 9, 2026 · accession 0002122473-26-000024