Managers / Q3 2025 · view latest →
AMES NATIONAL CORP
CIK 0001132651 · PO BOX 846, AMES, IA, 50010 · 5152326251
Summary
Ames National Corp reported $168M in U.S.-listed holdings across 128 positions for Q3 2025.
Its largest position, Ishares Core S P 500 Index, represents 16.6% of the portfolio.
Compared with Q2 2025, the fund opened 4 new positions and exited 0.
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 · 63.7% · $107M
- Common Stock · 34.2% · $58M
- Other · 2.0% · $3M
- Closed-End Fund · 0.1% · $180,180
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CASYCasey's General Stores | NEW | +1.2K | 1.2K | +$678,384 | $678,384 |
| SYKStryker | NEW | +745 | 745 | +$275,404 | $275,404 |
| AVGOBroadcom Inc | NEW | +700 | 700 | +$230,937 | $230,937 |
| DOWDow | NEW | +3.8K | 3.8K | +$87,295 | $87,295 |
| TAT&T | ADDED | +27.7K | 41.7K | +$772,423 | $1M |
| ATLOAmes National | ADDED | +37.5K | 89.1K | +$882,502 | $2M |
| BACVerizon Communications | ADDED | +5.8K | 14.6K | +$260,957 | $640,126 |
| Vanguard S&P 500 | TRIMMED | −2.0K | 1.0K | −$1M | $639,938 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | iShares Core S&P 500 Index | CORE S&P500 ETF | 23.32% | $39M | 58.7K |
| 2 | Vanguard Short-Term Bond | SHORT TRM BOND · SHORT TERM BOND | 6.75% | $11M | 144.1K |
| 3 | Vanguard Total Bond Market | TOTAL BND MRKT | 6.45% | $11M | 146.2K |
| 4 | iShares Core US Aggregate Bond | CORE US AGGBD ET | 6.41% | $11M | 107.8K |
| 5 | MSFTMicrosofthistory → | COM | 5.17% | $9M | 16.8K |
| 6 | Vanguard Total International Stock | VG TL INTL STK F | 3.42% | $6M | 78.3K |
| 7 | iShares Russell Mid-Cap Index | RUS MID CAP ETF | 3.34% | $6M | 58.2K |
| 8 | AAPLApplehistory → | COM | 2.74% | $5M | 18.1K |
| 9 | Vanguard Short-Term Inflation-Protected Securities | STRM INFPROIDX | 2.62% | $4M | 87.3K |
| 10 | iShares Russell 2000 Index | RUSSELL 2000 ETF | 2.47% | $4M | 17.2K |
| 11 | Technology Select Sector SPDR | TECHNOLOGY | 2.23% | $4M | 13.3K |
| 12 | Vanguard Total Stock Market | TOTAL STK MKT | 1.99% | $3M | 10.2K |
| 13 | Goeppinger Enterprises Inc | COM | 1.98% | $3M | 1.2K |
| 14 | HDHome Depothistory → | COM | 1.96% | $3M | 8.1K |
| 15 | iShares Core S&P Mid-Cap | CORE S&P MCP ETF | 1.95% | $3M | 50.4K |
| 16 | GOOGAlphabet Chistory → | CAP STK CL C | 1.61% | $3M | 11.1K |
| 17 | JPMJPMorgan Chasehistory → | COM | 1.55% | $3M | 8.3K |
| 18 | iShares Core S&P Small-Cap | CORE S&P SCP ETF | 1.29% | $2M | 18.2K |
| 19 | JNJJohnson & Johnsonhistory → | COM | 1.18% | $2M | 10.7K |
| 20 | BRK/BBerkshire Hathaway Bhistory → | CL B NEW | 1.09% | $2M | 3.7K |
| 21 | ATLOAmes Nationalhistory → | COM | 1.07% | $2M | 89.1K |
| 22 | MCDMcDonald's | COM | 0.94% | $2M | 5.2K |
| 23 | TRVTravelers Companies | COM | 0.94% | $2M | 5.7K |
| 24 | CHVChevron | COM | 0.86% | $1M | 9.4K |
| 25 | ADPAutomatic Data Processing | COM | 0.86% | $1M | 4.9K |
| 26 | TAT&T | COM | 0.60% | $1M | 36.0K |
| 27 | UNPUnion Pacific | COM | 0.59% | $1M | 4.2K |
| 28 | PGProcter & Gamble | COM | 0.59% | $996,574 | 6.5K |
| 29 | CSCOCisco Systems | COM | 0.51% | $852,308 | 12.5K |
| 30 | WFCWells Fargo | COM | 0.40% | $681,876 | 8.1K |
| 31 | CASYCasey's General Stores | COM | 0.40% | $678,384 | 1.2K |
| 32 | GDGeneral Dynamics | COM | 0.40% | $665,632 | 2.0K |
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 ↗.