Managers / Q2 2025 · view latest →
AMES NATIONAL CORP
CIK 0001132651 · PO BOX 846, AMES, IA, 50010 · 5152326251
Summary
Ames National Corp reported $155M in U.S.-listed holdings across 123 positions for Q2 2025.
The portfolio is heavily concentrated: IVV alone accounts for 22.2% of reported value.
Compared with Q1 2025, the fund opened 5 new positions and exited 2.
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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 · 64.5% · $100M
- Common Stock · 33.2% · $51M
- Other · 2.2% · $3M
- Closed-End Fund · 0.2% · $262,813
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| COPConocoPhillips | NEW | +3.8K | 3.8K | +$339,845 | $339,845 |
| ABBVAbbvie Inc | NEW | +1.5K | 1.5K | +$271,933 | $271,933 |
| IBMInternational Business Machines | NEW | +779 | 779 | +$229,633 | $229,633 |
| VEAVanguard FTSE Developed Markets | NEW | +3.7K | 3.7K | +$212,990 | $212,990 |
| KMBKimberly-Clark | NEW | +1.7K | 1.7K | +$207,431 | $207,431 |
| WFCWells Fargo | ADDED | +8.0K | 11.1K | +$667,074 | $892,136 |
| CASYCasey's General Stores | SOLD OUT | −1.2K | 0 | −$520,848 | $0 |
| EMREmerson Electric | SOLD OUT | −2.2K | 0 | −$241,208 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IVViShares Core S&P 500 Indexhistory → | CORE S&P500 ETF | 22.20% | $34M | 55.3K |
| 2 | BSVVanguard Short-Term Bondhistory → | SHORT TRM BOND · SHORT TERM BOND | 7.01% | $11M | 137.8K |
| 3 | BNDVanguard Total Bond Markethistory → | TOTAL BND MRKT | 6.74% | $10M | 141.6K |
| 4 | AGGiShares Core US Aggregate Bondhistory → | CORE US AGGBD ET | 6.73% | $10M | 104.8K |
| 5 | MSFTMicrosofthistory → | COM | 5.54% | $9M | 17.2K |
| 6 | IWRiShares Russell Mid-Cap Indexhistory → | RUS MID CAP ETF | 3.57% | $6M | 60.0K |
| 7 | VXUSVanguard Total International Stockhistory → | VG TL INTL STK F | 3.34% | $5M | 74.8K |
| 8 | VTIPVanguard Short-Term Inflation-Protected Securitieshistory → | STRM INFPROIDX | 2.82% | $4M | 86.7K |
| 9 | IWMiShares Russell 2000 Indexhistory → | RUSSELL 2000 ETF | 2.44% | $4M | 17.5K |
| 10 | AAPLApplehistory → | COM | 2.42% | $4M | 18.2K |
| 11 | XLKTechnology Select Sector SPDRhistory → | TECHNOLOGY | 2.21% | $3M | 13.5K |
| 12 | GOEPPINGER ENTERPRISES INC | COM | 2.16% | $3M | 1.2K |
| 13 | VTIVanguard Total Stock Markethistory → | TOTAL STK MKT | 2.02% | $3M | 10.3K |
| 14 | HDHome Depothistory → | COM | 1.94% | $3M | 8.2K |
| 15 | IJHiShares Core S&P Mid-Caphistory → | CORE S&P MCP ETF | 1.88% | $3M | 47.0K |
| 16 | JPMJPMorgan Chasehistory → | COM | 1.59% | $2M | 8.5K |
| 17 | BRK/BBerkshire Hathaway Bhistory → | CL B NEW | 1.47% | $2M | 4.7K |
| 18 | JNJJohnson & Johnsonhistory → | COM | 1.30% | $2M | 12.6K |
| 19 | GOOGAlphabet Chistory → | CAP STK CL C | 1.25% | $2M | 10.9K |
| 20 | IJRiShares Core S&P Small-Caphistory → | CORE S&P SCP ETF | 1.19% | $2M | 16.8K |
| 21 | ADPAutomatic Data Processinghistory → | COM | 1.18% | $2M | 5.9K |
| 22 | VOOVanguard S&P 500history → | S&P 500 ETF SHS | 1.14% | $2M | 3.1K |
| 23 | TRVTravelers Companieshistory → | COM | 1.11% | $2M | 6.4K |
| 24 | PGProcter & Gamblehistory → | COM | 1.06% | $2M | 10.3K |
| 25 | MCDMcDonald'shistory → | COM | 1.01% | $2M | 5.3K |
| 26 | CVXChevron | COM | 0.94% | $1M | 6.5K |
| 27 | UNPUnion Pacific | COM | 0.89% | $1M | 6.0K |
| 28 | CSCOCisco Systems | COM | 0.66% | $1M | 14.8K |
| 29 | EXMOCExxon Mobil | COM | 0.63% | $977,854 | 9.1K |
| 30 | WMTWal-Mart | COM | 0.62% | $961,862 | 9.8K |
| 31 | ATLOAmes National | COM | 0.59% | $918,230 | 51.6K |
| 32 | WFCWells Fargo | COM | 0.58% | $892,136 | 11.1K |
| 33 | GDGeneral Dynamics | COM | 0.52% | $801,190 | 2.7K |
| 34 | MRKMerck | COM | 0.48% | $737,297 | 9.3K |
| 35 | PFFiShares Preferred and Income Securities | PFD AND INCM SEC | 0.47% | $719,814 | 23.5K |
| 36 | VVisa | COM CL A | 0.46% | $709,774 | 2.0K |
| 37 | QCOMQualcomm | COM | 0.45% | $702,177 | 4.4K |
| 38 | BLKBlackRock | COM | 0.45% | $701,949 | 669 |
| 39 | UNHUnitedHealth Group | COM | 0.44% | $678,223 | 2.2K |
| 40 | BXBlackstone | COM | 0.38% | $583,362 | 3.9K |
| 41 | NSCNorfolk Southern | COM | 0.36% | $563,134 | 2.2K |
| 42 | SPYSPDR S&P 500 | TR UNIT | 0.35% | $542,472 | 878 |
| 43 | PPGPPG Industries | COM | 0.34% | $519,838 | 4.6K |
| 44 | GOOGLAlphabet A | CAP STK CL A | 0.33% | $504,547 | 2.9K |
| 45 | NKENike | CL B | 0.30% | $463,749 | 6.5K |
| 46 | DEDeere & Co | COM | 0.30% | $461,709 | 908 |
| 47 | VYMVanguard High Dividend Yield | HIGH DIV YLD | 0.29% | $453,254 | 3.4K |
| 48 | PEPPepsiCo | COM | 0.29% | $446,296 | 3.4K |
| 49 | AFLAflac | COM | 0.28% | $425,531 | 4.0K |
| 50 | TAT&T | COM | 0.26% | $406,230 | 14.0K |
| 51 | DISWalt Disney | COM | 0.26% | $400,800 | 3.2K |
| 52 | PFEPfizer | COM | 0.25% | $391,767 | 16.2K |
| 53 | SYYSysco | COM | 0.25% | $385,895 | 5.1K |
| 54 | VZVerizon Communications | COM | 0.25% | $379,169 | 8.8K |
| 55 | APDAir Products & Chemicals | COM | 0.23% | $362,447 | 1.3K |
| 56 | KOCoca-Cola | COM | 0.23% | $350,000 | 4.9K |
| 57 | COPConocoPhillips | COM | 0.22% | $339,845 | 3.8K |
| 58 | RTXRTX Corporation | COM | 0.22% | $332,633 | 2.3K |
| 59 | ABTAbbott Laboratories | COM | 0.20% | $316,223 | 2.3K |
| 60 | ABBVAbbvie Inc | COM | 0.18% | $271,933 | 1.5K |
| 61 | DNPDNP Select Income | COM | 0.17% | $262,813 | 26.8K |
| 62 | LNTAlliant Energy | COM | 0.17% | $259,099 | 4.3K |
| 63 | IBMInternational Business Machines | COM | 0.15% | $229,633 | 779 |
| 64 | VEAVanguard FTSE Developed Markets | VAN FTSE DEV MKT | 0.14% | $212,990 | 3.7K |
| 65 | KMBKimberly-Clark | COM | 0.13% | $207,431 | 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 ↗.