SEC 13F Intelligence

Managers / Q3 2025 · view latest →

WEST BANCORPORATION INC

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

Reported Value
$180M
Q3 2025
Positions
110
Filings on Record
22
2019–present window
Filed
Oct 23, 2025
original filing

Summary

West Bancorporation Inc reported $180M in U.S.-listed holdings across 110 positions for Q3 2025.

The portfolio is heavily concentrated: IWF alone accounts for 28.3% of reported value.

Compared with Q2 2025, the fund opened 19 new positions and exited 6.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+73.7%
share of reported value
Largest Position
+28.3%
Ishares Tr
New / Exited
19 / 6
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 69.3%Common Stock: 30.0%Closed-End Fund: 0.6%REIT: 0.1%
  • ETP · 69.3% · $125M
  • Common Stock · 30.0% · $54M
  • Closed-End Fund · 0.6% · $1M
  • REIT · 0.1% · $224,618

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RPGInvesco Exch Traded FD TR IINEW+18.3K18.3K+$873,276$873,276
ADXAdams Diversified Equity FDNEW+36.1K36.1K+$804,807$804,807
VOTVanguard Mid-cap Growth Index Fund Mid Cap EtfNEW+2.4K2.4K+$695,401$695,401
PRFInvesco Exchange Traded FD TNEW+14.1K14.1K+$636,647$636,647
GOOGLAlphabet INCNEW+1.9K1.9K+$464,807$464,807
VBKVanguard Small-cap Growth Index Fund Small Cap EtfNEW+1.3K1.3K+$395,239$395,239
VOEVanguard Mid-cap Value Index Fund Mid Cap EtfNEW+2.1K2.1K+$371,855$371,855
NUSCNushares ETF TrNEW+8.0K8.0K+$352,183$352,183

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

Holdings — Q3 2025

92 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IWFISHARES TrRUS 1000 GRW ETF · RUS 1000 VAL ETF · CORE S&P500 ETF · RUS MID CAP ETF · RUSSELL 2000 ETF · CORE MSCI EAFE · CORE S&P TTL STK · MSCI EAFE ETF · CORE S&P SCP ETF · INTL SEL DIV ETF · S&P MC 400GR ETF28.25%$51M246.0K
2VOOVanguard Index FDSS&P 500 ETF SHS · SMALL CP ETF · GROWTH ETF · MID CAP ETF · VALUE ETF14.51%$26M73.4K
3VYMVanguard Whitehall FDSHIGH DIV YLD · INTL HIGH ETF9.59%$17M159.4K
4WTBAWest Bancorporation INChistory →CAP STK4.80%$9M424.4K
5SPYSPDR S&P 500 EFT Trusthistory →TR UNIT4.70%$8M12.7K
6BAMBrookfield Asset Management Ltd Mngmt Ahistory →CL A LMT VTG SHS2.95%$5M93.1K
7MSFTMicrosoft Corphistory →COM2.65%$5M9.2K
8VEAVanguard Tax-Managed FDShistory →VAN FTSE DEV MKT2.43%$4M73.0K
9AAPLApple INChistory →COM2.42%$4M17.1K
10VIGVanguard specialized Fundshistory →DIV APP ETF1.37%$2M11.4K
11JPMJPMORGAN Chase & COhistory →COM1.18%$2M6.7K
12GOOGAlphabet INCCAP STK CL C · CAP STK CL A1.16%$2M8.6K
13QQQInvesco Qqq Trusthistory →UNIT SER 11.14%$2M3.4K
14VEUVanguard Intl Equity Index Fhistory →ALLWRLD EX US1.10%$2M27.7K
15NVDANvidia CorpCOM0.91%$2M8.8K
16SCHDSchwab Strategic TrustUS DIVIDEND EQ0.79%$1M52.0K
17METAMeta Platforms INC ACL A0.79%$1M1.9K
18AMZNAmazon com INCCOM0.70%$1M5.8K
19ABBVAbbvie INCCOM0.70%$1M5.5K
20COSTCostco Wholesale CorpCOM0.68%$1M1.3K
21PRFInvesco Exchange Traded FD TRAFI US 1000 ETF · S&P500 EQL WGT0.68%$1M17.2K
22COWZPacer FDS TRUS SMALL CAP CAS · US CASH COWS 1000.62%$1M23.8K
23MCDMcdonalds CorpCOM0.57%$1M3.4K
24PFGPrincipal Financial Group INCCOM0.49%$879,67510.6K
25RPGInvesco Exch Traded FD TR IIS&P500 PUR GWT0.49%$873,27618.3K
26BRK/BBerkshire Hathaway INCCL B NEW0.47%$843,5981.7K
27WFCWells Fargo COCOM0.47%$840,21210.0K
28ADXAdams Diversified Equity FDCOM0.45%$804,80736.1K
29SOSouthern COCOM0.44%$785,1698.3K
30PEPPepsico INCCOM0.41%$739,4175.3K
31JEPIJ P MORGAN Exchange Traded FEQUITY PREMIUM0.40%$722,31512.7K
32CSCOCisco Systems INCCOM0.40%$719,09410.5K
33WMTWalmart INCCOM0.39%$698,4386.8K
34VOTVanguard Mid-cap Growth Index Fund Mid Cap EtfMCAP GR IDXVIP0.39%$695,4012.4K
35VOOVVanguard Admiral FDS INC500 VAL IDX FD0.38%$688,1723.5K
36ABTAbbott LaboratoriesCOM0.35%$634,2064.7K
37LLYEli Lilly And COCOM0.31%$563,094738
38PFEPfizer INCCOM0.30%$543,99821.4K
39ROSTRoss Stores INCCOM0.29%$524,0693.4K
40PGProcter & Gamble COCOM0.29%$523,9473.4K
41FASTFastenal CoCOM0.28%$504,52410.3K
42GSLCGoldman Sachs Equity EtfACTIVEBETA US LG0.28%$502,7513.9K
43IBMInternational Business Machines CorpCOM0.25%$441,5801.6K
44APHAmphenol Corp ACL A0.24%$434,9813.5K
45MOAltria Group INCCOM0.24%$430,4476.5K
46SDYSPDR SER TRS&P DIVID ETF0.23%$411,0472.9K
47SPOTSpotify Technology S ASHS0.23%$409,028586
48VBKVanguard Small-cap Growth Index Fund Small Cap EtfSML CP GRW ETF0.22%$395,2391.3K
49VOEVanguard Mid-cap Value Index Fund Mid Cap EtfMCAP VL IDXVIP0.21%$371,8552.1K
50DONWisdomtree TRUS MIDCAP DIVID0.20%$367,7217.0K
51MAMastercard INCCL A0.20%$363,470639
52PPure Storage INC ACL A0.20%$360,2994.3K
53NUSCNushares ETF TrNUVEEN ESG SMLCP0.20%$352,1838.0K
54CVXChevron CorpCOM0.19%$345,6762.2K
55GLDSPDR Gold TrustGOLD SHS0.18%$332,009934
56UBERUber Technologies INCCOM0.18%$328,3953.4K
57XLKSelect Sector SPDR TRTECHNOLOGY0.18%$322,7301.1K
58JNJJohnson & JohnsonCOM0.18%$320,7771.7K
59HONHoneywell International INCCOM0.17%$314,0661.5K
60LRCXLam Research Corp.COM NEW0.17%$313,1922.3K
61AEPAmerican Electric Power Company INCCOM0.17%$298,0132.6K
62NOWServicenow INCCOM0.16%$294,490320
63CTVACorteva INCCOM0.16%$292,8384.3K
64VVisa INCCOM CL A0.16%$291,880855
65CHEChemed Corp NewCOM0.16%$291,031650
66IAUIshares Gold TrustISHARES NEW0.16%$288,2424.0K
67EXMOCExxon Mobil CorpCOM0.16%$283,5662.5K
68LHXL3harris Technologies INCCOM0.16%$281,893923
69VCRVanguard World FDCONSUM DIS ETF0.15%$269,382680
70FDSFactset Resh Sys IncCOM0.15%$267,009932
71EOGEog Resources INCCOM0.15%$265,5002.4K
72PMPhilip Morris International INCCOM0.15%$262,2771.6K
73FFAFirst Trust Enhanced Equity Income FundCOM0.14%$260,30612.1K
74CDNSCadence Design Systems IncCOM0.14%$255,015726
75PEGPublic Service Enterprise Group INCCOM0.14%$253,6353.0K
76DBX ETF TRXTRACKRS S&P 5000.13%$242,2214.0K
77TAT&T INCCOM0.13%$237,1608.4K
78INTUIntuitCOM0.13%$235,604345
79HPQHp INCCOM0.13%$234,1248.6K
80VICIVici Properties INCCOM0.12%$224,6186.9K
81CASYCaseys General Stores INCCOM0.12%$223,867396
82TSCOTractor Supply CoCOM0.12%$221,1673.9K
83GNRCGenerac Holdings INCCOM0.12%$220,9681.3K
84QDEFFlexshares TRQLT DIV DEF IDX0.12%$213,0782.7K
85SPGIS&P Global INCCOM0.12%$211,232434
86MDLZMondelez International INCCL A0.12%$209,5873.4K
87ADMArcher Daniels Midland COCOM0.11%$204,8483.4K
88DISWalt Disney COCOM0.11%$203,8101.8K
89VBRVanguard Small Cap Value EtfSM CP VAL ETF0.11%$203,701976
90ANETArista Networks Inc Ordinary SharesCOM SHS0.11%$203,4111.4K
91FISVFiserv INCCOM0.11%$202,9361.6K
92VFHVanguard Financials EtfFINANCIALS ETF0.11%$200,7971.5K

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 ↗.