SEC 13F Intelligence

Managers / Q4 2023 · view latest →

WEST BANCORPORATION INC

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

Reported Value
$155M
Q4 2023
Positions
97
Filings on Record
22
2019–present window
Filed
Jan 26, 2024
original filing

Summary

West Bancorporation Inc reported $155M in U.S.-listed holdings across 97 positions for Q4 2023.

Its largest position, AELUSD, represents 12.8% of the portfolio.

Compared with Q3 2023, the fund opened 10 new positions and exited 5.

Portfolio Metrics

Turnover
+2.1%
vs prior filed quarter
Top-10 Concentration
+54.0%
share of reported value
Largest Position
+12.8%
American Equity Investment Life Holding
New / Exited
10 / 5
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: 57.2%Common Stock: 42.6%ADR: 0.2%
  • ETP · 57.2% · $89M
  • Common Stock · 42.6% · $66M
  • ADR · 0.2% · $244,264

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Goldman Sachs Activebeta US Large Cap Equity Etf Actvbeta LrgNEW+3.2K3.2K+$299,723$299,723
SBUXStarbucks CorpNEW+2.8K2.8K+$268,828$268,828
INTUIntuit INCNEW+412412+$257,512$257,512
KOCoca-cola CONEW+3.7K3.7K+$220,693$220,693
LLYEli Lilly And CONEW+371371+$216,263$216,263
Technology Select Sector SPDRNEW+1.1K1.1K+$209,996$209,996
Vanguard Consumer Discretionary EtfNEW+680680+$207,094$207,094
ISHARES Russell 2000 Growth Index FundNEW+821821+$207,073$207,073

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

Holdings — Q4 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AELUSDAmerican Equity Investment Life Holding COhistory →COM12.80%$20M355.3K
2ISHARES Russell 1000 Growth ETFRUS 1000 GRW ETF7.04%$11M36.0K
3Russell 1000 Value Ishare ETFRUS 1000 VAL ETF6.35%$10M59.5K
4WTBAWest Bancorporation INChistory →CAP STK6.10%$9M445.3K
5ISHARES Russell Midcap ETFRUS MID CAP ETF6.08%$9M121.2K
6Spdr S&p 500 Etf TrustTR UNIT3.85%$6M12.5K
7ISHARES Core S&P 500 ETFCORE S&P500 ETF3.30%$5M10.7K
8Vanguard High Dividend Yield ETFHIGH DIV YLD3.11%$5M43.1K
9Vanguard Index Funds S&p 500 ETFS&P 500 ETF SHS2.68%$4M9.5K
10MSFTMicrosoft Corphistory →COM2.65%$4M10.9K
11Vanguard FTSE Developed Markets ETFVAN FTSE DEV MKT2.62%$4M84.8K
12ISHARES Russell 2000 Index Fd ETFRUSSELL 2000 ETF2.43%$4M18.8K
13Vanguard Small Cap ETFSMALL CP ETF2.12%$3M15.4K
14Wisdomtree US Mid Cap Dividend ETFUS MIDCAP DIVID2.01%$3M68.1K
15AAPLApple INChistory →COM1.98%$3M16.0K
16VTVVanguard Index Funds Vanguard Value ETFhistory →VALUE ETF1.77%$3M18.3K
17VUGVanguard Index Funds Vanguard Growth ETFhistory →GROWTH ETF1.57%$2M7.8K
18CASYCaseys General Stores INChistory →COM1.42%$2M8.0K
19Wisdomtree US Smallcap Dividend Fund EtfUS SMALLCAP DIVD1.24%$2M59.7K
20Schwab US Dividend Equity ETFUS DIVIDEND EQ1.22%$2M24.9K
21Vanguard Dividend Appreciation ETFDIV APP ETF1.16%$2M10.5K
22HONGBPHoneywell International INChistory →COM1.14%$2M8.4K
23Pacer US Small Cap Cash Cows 100 EtfPACER US SMALL1.12%$2M36.2K
24Vanguard Mid Cap ETFMID CAP ETF1.02%$2M6.8K
25Ishares Core Msci Eafe EtfCORE MSCI EAFE0.89%$1M19.5K
26ISHARES Russell 2000 ValueRUS 2000 VAL ETF0.77%$1M7.7K
27ISHARES Russell Mid-Cap Value ETFRUS MDCP VAL ETF0.73%$1M9.7K
28JPMJPMORGAN Chase & COCOM0.66%$1M6.0K
29PEPPepsico INCCOM0.63%$971,3155.7K
30SOSouthern COCOM0.63%$969,05813.8K
31COSTCostco Wholesale CorpCOM0.62%$967,0171.5K
32ABBVAbbvie INCCOM0.61%$942,9926.1K
33MCDMcdonald's CorpCOM0.59%$914,4373.1K
34GOOGAlphabet INCCAP STK CL C0.59%$906,1806.4K
35HDHome Depot INCCOM0.55%$857,7112.5K
36Spdr S&p Dividend EtfS&P DIVID ETF0.54%$835,1756.7K
37PG4Principal Financial Group INCCOM0.54%$834,68910.6K
38ISHARES MSCI EAFE Index Fd ETFMSCI EAFE ETF0.54%$830,96011.0K
39CSCOCisco Systems INCCOM0.53%$826,20416.4K
40ABTAbbott LaboratoriesCOM0.53%$824,7557.5K
41PFEPfizer INCCOM0.49%$760,89126.4K
42Pacer US Cash Cows 100 EtfUS CASH COWS 1000.47%$727,08014.0K
43CHVChevron CorpCOM0.46%$709,4054.8K
44AMZNAmazon.com INCCOM0.43%$658,8124.3K
45NVDANvidia CorpCOM0.42%$654,6811.3K
46BRK/BBerkshire Hathaway INCCL B NEW0.42%$643,4151.8K
47EXMOCExxon Mobil CorpCOM0.39%$603,7796.0K
48Invesco S&p 500 Eql Wght Etf Invsc S P Equal WeightS&P500 EQL WGT0.38%$581,4933.7K
49Vanguard S&p 500 Value Index Fund Etf500 VAL IDX FD0.37%$579,4623.5K
50BXBlackstone INCCOM0.35%$546,3294.2K

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 ↗.