Managers / Q1 2025 · view latest →
AMES NATIONAL CORP
CIK 0001132651 · PO BOX 846, AMES, IA, 50010 · 5152326251
Summary
Ames National Corp reported $149M in U.S.-listed holdings across 115 positions for Q1 2025.
Its largest position, Ishares Core S P 500 Index, represents 14.5% of the portfolio.
Compared with Q4 2024, the fund opened 0 new positions and exited 6.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 63.8% · $95M
- Common Stock · 33.9% · $50M
- Other · 2.2% · $3M
- Closed-End Fund · 0.1% · $136,927
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AMGNAmes National Corp | SOLD OUT | −35.4K | 0 | −$581,770 | $0 |
| SYKStryker | SOLD OUT | −745 | 0 | −$268,237 | $0 |
| ABBVAbbvie Inc | SOLD OUT | −1.5K | 0 | −$260,331 | $0 |
| iShares Short Treasury Bond | SOLD OUT | −2.2K | 0 | −$237,948 | $0 |
| Vanguard FTSE Developed Markets | SOLD OUT | −4.8K | 0 | −$231,927 | $0 |
| DHRDanaher | SOLD OUT | −955 | 0 | −$219,220 | $0 |
| ATLOAmes National Corp | ADDED | +18.0K | 42.5K | +$342,029 | $744,548 |
| BRK/BBerkshire Hathaway B | ADDED | +1.5K | 4.9K | +$1M | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | iShares Core S&P 500 Index | CORE S&P500 ETF | 20.29% | $30M | 53.8K |
| 2 | Vanguard Short-Term Bond | SHORT TRM BOND | 7.59% | $11M | 144.5K |
| 3 | Vanguard Total Bond Market | TOTAL BND MRKT | 7.34% | $11M | 148.9K |
| 4 | iShares Core US Aggregate Bond | CORE US AGGBD ET | 7.32% | $11M | 110.3K |
| 5 | MSFTMicrosofthistory → | COM | 4.75% | $7M | 18.9K |
| 6 | iShares Russell Mid-Cap Index | RUS MID CAP ETF | 3.51% | $5M | 61.5K |
| 7 | Vanguard Total International Stock | VG TL INTL STK F | 3.15% | $5M | 75.6K |
| 8 | Vanguard Short-Term Inflation-Protected Securities | STRM INFPROIDX | 3.10% | $5M | 92.7K |
| 9 | AAPLApplehistory → | COM | 2.81% | $4M | 18.9K |
| 10 | iShares Russell 2000 Index | RUSSELL 2000 ETF | 2.41% | $4M | 18.0K |
| 11 | Goeppinger Enterprises Inc | COM | 2.24% | $3M | 1.2K |
| 12 | HDHome Depothistory → | COM | 2.10% | $3M | 8.5K |
| 13 | Technology Select Sector SPDR | TECHNOLOGY | 2.01% | $3M | 14.5K |
| 14 | Vanguard Total Stock Market | TOTAL STK MKT | 1.88% | $3M | 10.2K |
| 15 | iShares Core S&P Mid-Cap | CORE S&P MCP ETF | 1.80% | $3M | 45.9K |
| 16 | JPMJPMorgan Chase & Cohistory → | COM | 1.50% | $2M | 9.1K |
| 17 | BRK/BBerkshire Hathaway Bhistory → | CL B NEW | 1.39% | $2M | 3.9K |
| 18 | PGProcter & Gamblehistory → | COM | 1.31% | $2M | 11.4K |
| 19 | JNJJohnson & Johnsonhistory → | COM | 1.20% | $2M | 10.8K |
| 20 | MCDMcDonald'shistory → | COM | 1.19% | $2M | 5.7K |
| 21 | GOOGAlphabet Chistory → | CAP STK CL C | 1.15% | $2M | 10.9K |
| 22 | TRVTravelers Companieshistory → | COM | 1.05% | $2M | 5.9K |
| 23 | ADPAutomatic Data Processinghistory → | COM | 1.02% | $2M | 5.0K |
| 24 | CHVChevronhistory → | COM | 1.01% | $1M | 9.0K |
| 25 | Vanguard S&P 500 | S&P 500 ETF SHS | 1.00% | $1M | 2.9K |
| 26 | iShares Core S&P Small-Cap | CORE S&P SCP ETF | 0.76% | $1M | 10.8K |
| 27 | UNPUnion Pacific | COM | 0.64% | $960,788 | 2.0K |
| 28 | UNHUnitedHealth Group | COM | 0.60% | $894,565 | 1.7K |
| 29 | CSCOCisco Systems | COM | 0.51% | $765,945 | 12.4K |
| 30 | GDGeneral Dynamics | COM | 0.50% | $748,777 | 2.7K |
| 31 | MRKMerck | COM | 0.46% | $688,639 | 7.7K |
| 32 | ATLOAmes National Corp | COM | 0.42% | $620,366 | 35.4K |
| 33 | VVisa | COM CL A | 0.39% | $586,698 | 1.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $167M | 120 | May 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $171M | 124 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $168M | 128 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $155M | 123 | Aug 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $149M | 115 | May 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $149M | 121 | Feb 18, 2025 | 13F-HR | changes · EDGAR ↗ |
Other Included Managers
This filing reports holdings on behalf of 1 additional manager.
- First National Bank, Ames, Iowa028-25528
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.