SEC 13F Intelligence

Managers / Q2 2023 · view latest →

WEST BANCORPORATION INC

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

Reported Value
$149M
Q2 2023
Positions
96
Filings on Record
22
2019–present window
Filed
Jul 31, 2023
original filing

Summary

West Bancorporation Inc reported $149M in U.S.-listed holdings across 96 positions for Q2 2023.

Its largest position, AELUSD, represents 13.1% of the portfolio.

Compared with Q1 2023, the fund opened 10 new positions and exited 3.

Portfolio Metrics

Turnover
+1.4%
vs prior filed quarter
Top-10 Concentration
+52.2%
share of reported value
Largest Position
+13.1%
American Equity Investment Life Holding
New / Exited
10 / 3
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: 56.5%Common Stock: 43.4%ADR: 0.2%
  • ETP · 56.5% · $84M
  • Common Stock · 43.4% · $65M
  • ADR · 0.2% · $225,065

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FASTFastenal CoNEW+6.6K6.6K+$391,104$391,104
VVisa INCNEW+1.1K1.1K+$257,428$257,428
JNJJohnson & JohnsonNEW+1.5K1.5K+$247,618$247,618
APHAmphenol Corp ANEW+2.9K2.9K+$246,100$246,100
FTNTFortinet INCNEW+3.2K3.2K+$242,493$242,493
ALBAlbemarle CorpNEW+1.0K1.0K+$230,229$230,229
UNPUnion Pacific CorpNEW+1.1K1.1K+$227,947$227,947
ITWIllinois Tool Works INCNEW+896896+$224,143$224,143

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

Holdings — Q2 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AELUSDAmerican Equity Investment Life Holding COhistory →COM13.14%$20M375.3K
2Russell 1000 Value Ishare ETFRUS 1000 VAL ETF6.73%$10M63.5K
3ISHARES Russell Midcap ETFRUS MID CAP ETF5.61%$8M114.5K
4ISHARES Russell 1000 Growth ETFRUS 1000 GRW ETF5.56%$8M30.1K
5WTBAWest Bancorporation INChistory →CAP STK5.30%$8M428.9K
6Vanguard High Dividend Yield ETFHIGH DIV YLD3.83%$6M53.7K
7Spdr S&p 500 Etf TrustTR UNIT3.74%$6M12.5K
8ISHARES Core S&P 500 ETFCORE S&P500 ETF3.19%$5M10.7K
9Vanguard FTSE Developed Markets ETFVAN FTSE DEV MKT2.55%$4M82.2K
10MSFTMicrosoft Corphistory →COM2.55%$4M11.1K
11ISHARES Russell 2000 Index Fd ETFRUSSELL 2000 ETF2.46%$4M19.6K
12Vanguard Index Funds S&p 500 ETFS&P 500 ETF SHS2.24%$3M8.2K
13Wisdomtree US Mid Cap Dividend ETFUS MIDCAP DIVID2.24%$3M79.3K
14VTVVanguard Index Funds Vanguard Value ETFhistory →VALUE ETF2.20%$3M23.0K
15AAPLApple INChistory →COM2.18%$3M16.7K
16Vanguard Small Cap ETFSMALL CP ETF1.97%$3M14.8K
17ISHARES Russell Mid-Cap Value ETFRUS MDCP VAL ETF1.83%$3M24.8K
18Schwab US Dividend Equity ETFUS DIVIDEND EQ1.54%$2M31.5K
19ISHARES Russell 2000 ValueRUS 2000 VAL ETF1.47%$2M15.5K
20Wisdomtree US Smallcap Dividend Fund EtfUS SMALLCAP DIVD1.35%$2M69.6K
21CASYCaseys General Stores INChistory →COM1.31%$2M8.0K
22Vanguard Dividend Appreciation ETFDIV APP ETF1.19%$2M10.9K
23HONGBPHoneywell International INChistory →COM1.08%$2M7.8K
24VUGVanguard Index Funds Vanguard Growth ETFhistory →GROWTH ETF1.03%$2M5.4K
25Vanguard Mid Cap ETFMID CAP ETF1.00%$1M6.8K
26Ishares Core Msci Eafe EtfCORE MSCI EAFE0.83%$1M18.3K
27MRKMerck & CO INCCOM0.79%$1M10.2K
28Spdr S&p Dividend EtfS&P DIVID ETF0.78%$1M9.5K
29SOSouthern COCOM0.75%$1M15.8K
30PEPPepsico INCCOM0.72%$1M5.8K
31MCDMcdonald's CorpCOM0.71%$1M3.6K
32PFEPfizer INCCOM0.67%$997,07227.2K
33CSCOCisco Systems INCCOM0.57%$843,77616.3K
34ABTAbbott LaboratoriesCOM0.57%$841,8527.7K
35ABBVAbbvie INCCOM0.55%$817,0036.1K
36JPMJPMORGAN Chase & COCOM0.55%$816,9365.6K
37COSTCostco Wholesale CorpCOM0.55%$812,9541.5K
38PG4Principal Financial Group INCCOM0.55%$812,70110.7K
39GOOGAlphabet INCCAP STK CL C0.53%$792,8376.6K
40HDHome Depot INCCOM0.52%$775,0472.5K
41ISHARES MSCI EAFE Index Fd ETFMSCI EAFE ETF0.51%$757,91510.5K
42PGProcter & Gamble COCOM0.42%$627,2934.1K
43BRK/BBerkshire Hathaway INCCL B NEW0.41%$606,9801.8K
44NVDANvidia CorpCOM0.41%$605,3421.4K
45EXMOCExxon Mobil CorpCOM0.39%$583,4405.4K
46Invesco S&p 500 Eql Wght Etf Invsc S P Equal WeightS&P500 EQL WGT0.39%$575,3663.8K
47AMZNAmazon.com INCCOM0.38%$561,0694.3K
48BACVerizon Communications INCCOM0.37%$547,58614.7K
49Vanguard S&p 500 Value Index Fund Etf500 VAL IDX FD0.36%$537,1653.5K
50IBMInternational Business Machines CorpCOM0.35%$525,0703.9K

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 ↗.