SEC 13F Intelligence

Managers / Q1 2023 · view latest →

WEST BANCORPORATION INC

CIK 0001166928 · 3330 WESTOWN PARKWAY, WEST DES MOINES, IA, 50266 · 5152222309

Reported Value
$131M
Q1 2023
Positions
89
Filings on Record
22
2019–present window
Filed
Apr 14, 2023
original filing

Summary

West Bancorporation Inc reported $131M in U.S.-listed holdings across 89 positions for Q1 2023.

Its largest position, AELUSD, represents 10.4% of the portfolio.

Compared with Q4 2022, the fund opened 10 new positions and exited 11.

Portfolio Metrics

Turnover
+8.2%
vs prior filed quarter
Top-10 Concentration
+51.3%
share of reported value
Largest Position
+10.4%
American Equity Investment Life Holding
New / Exited
10 / 11
positions this quarter

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

13F Reported Value
Q4 ’19: $100MQ4 ’19Q1 ’20: $72MQ2 ’20: $86MQ3 ’20: $85MQ3 ’20Q4 ’21: $127MQ1 ’22: $161MQ2 ’22: $142MQ2 ’22Q3 ’22: $135MQ4 ’22: $135MQ1 ’23: $131MQ1 ’23Q2 ’23: $149MQ3 ’23: $141MQ4 ’23: $155MQ4 ’23Q1 ’24: $152MQ2 ’24: $135MQ3 ’24: $150MQ3 ’24Q4 ’24: $152MQ1 ’25: $147MQ2 ’25: $158MQ2 ’25Q3 ’25: $180MQ4 ’25: $191MQ1 ’26: $200MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 59.5%Common Stock: 40.1%ADR: 0.4%
  • ETP · 59.5% · $78M
  • Common Stock · 40.1% · $53M
  • ADR · 0.4% · $552,822

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Pacer US Small Cap Cash Cows 100 EtfNEW+7.6K7.6K+$287,543$287,543
AMZNAmazon.com INCNEW+2.7K2.7K+$276,611$276,611
ISHARES S&P Mid-Cap 400 Growth IndexNEW+3.8K3.8K+$269,593$269,593
VUGVanguard Index Funds Vanguard Growth ETFNEW+978978+$243,952$243,952
ISHARES S&P Mid-Cap 400 Value IndexNEW+2.4K2.4K+$243,668$243,668
CPRTCopart INCNEW+3.1K3.1K+$230,293$230,293
CMGChipotle Mexican Grill INCNEW+131131+$223,786$223,786
LRCXEURLam Research CorpNEW+411411+$217,879$217,879

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AELUSDAmerican Equity Investment Life Holding COhistory →COM10.43%$14M375.3K
2Russell 1000 Value Ishare ETFRUS 1000 VAL ETF7.28%$10M62.8K
3ISHARES Russell Midcap ETFRUS MID CAP ETF6.12%$8M115.0K
4ISHARES Russell 1000 Growth ETFRUS 1000 GRW ETF5.51%$7M29.6K
5WTBAWest Bancorporation INChistory →CAP STK5.49%$7M394.2K
6Vanguard High Dividend Yield ETFHIGH DIV YLD4.10%$5M51.0K
7Spdr S&p 500 Etf TrustTR UNIT3.79%$5M12.2K
8ISHARES Core S&P 500 ETFCORE S&P500 ETF3.20%$4M10.2K
9ISHARES Russell 2000 Index Fd ETFRUSSELL 2000 ETF2.73%$4M20.1K
10Vanguard FTSE Developed Markets ETFVAN FTSE DEV MKT2.64%$3M76.9K
11VTVVanguard Index Funds Vanguard Value ETFhistory →VALUE ETF2.57%$3M24.4K
12Wisdomtree US Mid Cap Dividend ETFUS MIDCAP DIVID2.46%$3M78.7K
13MSFTMicrosoft Corphistory →COM2.39%$3M10.9K
14Vanguard Index Funds S&p 500 ETFS&P 500 ETF SHS2.26%$3M7.9K
15ISHARES Russell Mid-Cap Value ETFRUS MDCP VAL ETF2.05%$3M25.4K
16AAPLApple INChistory →COM2.03%$3M16.2K
17Vanguard Small Cap ETFSMALL CP ETF1.94%$3M13.4K
18Schwab US Dividend Equity ETFUS DIVIDEND EQ1.78%$2M31.9K
19ISHARES Russell 2000 ValueRUS 2000 VAL ETF1.67%$2M16.0K
20Wisdomtree US Smallcap Dividend Fund EtfUS SMALLCAP DIVD1.52%$2M69.9K
21CASYCaseys General Stores INChistory →COM1.32%$2M8.0K
22Vanguard Dividend Appreciation ETFDIV APP ETF1.30%$2M11.1K
23HONGBPHoneywell International INCCOM1.00%$1M6.9K
24Vanguard Mid Cap ETFMID CAP ETF0.99%$1M6.1K
25Spdr S&p Dividend EtfS&P DIVID ETF0.93%$1M9.8K
26MRKMerck & CO INCCOM0.85%$1M10.5K
27SOSouthern COCOM0.84%$1M15.8K
28Ishares Core Msci Eafe EtfCORE MSCI EAFE0.82%$1M16.1K
29MCDMcdonald's CorpCOM0.80%$1M3.7K
30PFEPfizer INCCOM0.79%$1M25.5K
31HDHome Depot INCCOM0.79%$1M3.5K
32PEPPepsico INCCOM0.76%$997,1815.5K
33ABBVAbbvie INCCOM0.69%$900,7595.7K
34CSCOCisco Systems INCCOM0.62%$812,24915.5K
35ABTAbbott LaboratoriesCOM0.61%$797,9297.9K
36PG4Principal Financial Group INCCOM0.61%$797,15610.7K
37ISHARES MSCI EAFE Index Fd ETFMSCI EAFE ETF0.58%$761,40210.6K
38COSTCostco Wholesale CorpCOM0.57%$750,2741.5K
39GOOGAlphabet INCCAP STK CL C0.52%$683,1766.6K
40JPMJPMORGAN Chase & COCOM0.51%$667,7085.1K
41BACVerizon Communications INCCOM0.45%$597,19515.4K
42Invesco S&p 500 Eql Wght Etf Invsc S P Equal WeightS&P500 EQL WGT0.42%$556,0643.8K
43BRK/BBerkshire Hathaway INCCL B NEW0.42%$549,6111.8K
44ADMArcher Daniels Midland COCOM0.42%$546,3886.9K
45IBMInternational Business Machines CorpCOM0.39%$515,8393.9K
46Vanguard S&p 500 Value Index Fund Etf500 VAL IDX FD0.39%$506,1153.5K
47PGProcter & Gamble COCOM0.38%$498,7063.4K
48NVDANvidia CorpCOM0.34%$451,3761.6K
49WFCWells Fargo & COCOM0.33%$431,73911.6K
50ISHARES S&P 1500 Index FundCORE S&P TTL STK0.31%$407,5664.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$200M98Apr 23, 202613F-HRchanges · EDGAR ↗
Q4 2025$191M98Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$180M110Oct 23, 202513F-HRchanges · EDGAR ↗
Q2 2025$158M97Jul 24, 202513F-HRchanges · EDGAR ↗
Q1 2025$147M93Apr 25, 202513F-HRchanges · EDGAR ↗
Q4 2024$152M95Jan 23, 202513F-HRchanges · EDGAR ↗
Q3 2024$150M99Oct 24, 202413F-HRchanges · EDGAR ↗
Q2 2024$135M93Jul 26, 202413F-HRchanges · EDGAR ↗
Q1 2024$152M101Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$155M97Jan 26, 202413F-HRchanges · EDGAR ↗
Q3 2023$141M92Oct 30, 202313F-HRchanges · EDGAR ↗
Q2 2023$149M96Jul 31, 202313F-HRchanges · EDGAR ↗
Q1 2023$131M89Apr 14, 202313F-HRchanges · EDGAR ↗
Q4 2022$135M90Jan 30, 202313F-HRchanges · EDGAR ↗
Q3 2022$135M264Oct 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$142M288Jul 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$161M319Apr 29, 202213F-HRchanges · EDGAR ↗
Q4 2021$127M315Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2020$85M300Oct 30, 202013F-HRchanges · EDGAR ↗
Q2 2020$86M302Jul 31, 202013F-HRchanges · EDGAR ↗
Q1 2020$72M272Apr 30, 202013F-HRchanges · EDGAR ↗
Q4 2019$100M302Feb 10, 202013F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • West Bank

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 ↗.