Managers / Q4 2025 · view latest →
AMES NATIONAL CORP
CIK 0001132651 · PO BOX 846, AMES, IA, 50010 · 5152326251
Summary
Ames National Corp reported $171M in U.S.-listed holdings across 124 positions for Q4 2025.
Its largest position, Ishares Core S P 500 Index, represents 17.1% of the portfolio.
Compared with Q3 2025, the fund opened 2 new positions and exited 5.
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 · 65.8% · $112M
- Common Stock · 32.1% · $55M
- Other · 2.0% · $3M
- Closed-End Fund · 0.1% · $179,820
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CATCaterpillar | NEW | +383 | 383 | +$219,410 | $219,410 |
| COFCapital One Financial Corp | NEW | +647 | 647 | +$156,807 | $156,807 |
| LNTAlliant Energy | ADDED | +18.1K | 22.4K | +$1M | $1M |
| SYKStryker | SOLD OUT | −745 | 0 | −$275,404 | $0 |
| AVGOBroadcom Inc | SOLD OUT | −700 | 0 | −$230,937 | $0 |
| IBMInternational Business Machines | SOLD OUT | −779 | 0 | −$219,802 | $0 |
| KMBKimberly-Clark | SOLD OUT | −1.6K | 0 | −$203,296 | $0 |
| DOWDow | SOLD OUT | −3.8K | 0 | −$87,295 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | iShares Core S&P 500 Index | CORE S&P500 ETF | 24.96% | $43M | 62.3K |
| 2 | Vanguard Short-Term Bond | SHORT TRM BOND | 6.93% | $12M | 150.1K |
| 3 | Vanguard Total Bond Market | TOTAL BND MRKT | 6.69% | $11M | 154.4K |
| 4 | iShares Core US Aggregate Bond | CORE US AGGBD ET | 6.66% | $11M | 113.9K |
| 5 | MSFTMicrosofthistory → | COM | 4.47% | $8M | 15.8K |
| 6 | Vanguard Total International Stock | VG TL INTL STK F | 3.47% | $6M | 78.6K |
| 7 | iShares Russell Mid-Cap Index | RUS MID CAP ETF | 3.10% | $5M | 55.1K |
| 8 | AAPLApplehistory → | COM | 2.81% | $5M | 17.7K |
| 9 | Vanguard Short-Term Inflation-Protected Securities | STRM INFPROIDX | 2.62% | $4M | 90.6K |
| 10 | iShares Russell 2000 Index | RUSSELL 2000 ETF | 2.32% | $4M | 16.1K |
| 11 | iShares Core S&P Mid-Cap | CORE S&P MCP ETF | 2.14% | $4M | 55.4K |
| 12 | State Street Technology Select Sector SPDR | STATE STREET TEC | 2.06% | $4M | 24.5K |
| 13 | Vanguard Total Stock Market | TOTAL STK MKT | 2.01% | $3M | 10.2K |
| 14 | Goeppinger Enterprises Inc | COM | 2.00% | $3M | 1.2K |
| 15 | GOOGAlphabet Chistory → | CAP STK CL C | 1.78% | $3M | 9.7K |
| 16 | JPMJPMorgan Chasehistory → | COM | 1.46% | $2M | 7.7K |
| 17 | iShares Core S&P Small-Cap | CORE S&P SCP ETF | 1.43% | $2M | 20.3K |
| 18 | JNJJohnson & Johnsonhistory → | COM | 1.28% | $2M | 10.6K |
| 19 | HDHome Depothistory → | COM | 1.20% | $2M | 6.0K |
| 20 | BRK/BBerkshire Hathaway Bhistory → | CL B NEW | 1.08% | $2M | 3.7K |
| 21 | TRVTravelers Companies | COM | 0.90% | $2M | 5.3K |
| 22 | MCDMcDonald's | COM | 0.80% | $1M | 4.5K |
| 23 | CHVChevron | COM | 0.80% | $1M | 8.9K |
| 24 | LNTAlliant Energy | COM | 0.74% | $1M | 19.4K |
| 25 | ADPAutomatic Data Processing | COM | 0.73% | $1M | 4.9K |
| 26 | ATLOAmes National | COM | 0.54% | $929,168 | 40.5K |
| 27 | PGProcter & Gamble | COM | 0.54% | $925,926 | 6.5K |
| 28 | TAT&T | COM | 0.52% | $895,283 | 36.0K |
| 29 | GOOGLAlphabet A | CAP STK CL A | 0.48% | $813,174 | 2.6K |
| 30 | CSCOCisco Systems | COM | 0.47% | $801,651 | 10.4K |
| 31 | WFCWells Fargo | COM | 0.44% | $745,600 | 8.0K |
| 32 | MRKMerck | COM | 0.40% | $690,716 | 6.6K |
| 33 | CASYCasey's General Stores | COM | 0.39% | $663,252 | 1.2K |
| 34 | State Street SPDR S&P 500 | TR UNIT | 0.35% | $598,726 | 878 |
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 ↗.