AS
American State Bank Institutional Portfolio & 13F Holdings (Q2 2026)
American State BankCIK: 0002122473
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$246.5M
Reporting period: 2026-06-30 · Number of holdings: 139
American State Bank disclosed 139 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $246.5M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 9.89
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 78.38
- Diversification
- 100
- Sizing Uniformity
- 84.34
American State Bank's disclosed holdings carry a Herfindahl concentration index of 0.025 — mathematically equivalent to about 40 equally-sized positions, well below its 139 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.57), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 67% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd INTC
-0.3% $7.5M
Add STX
0.0% $4.0M
Add AMAT
+0.9% $3.6M
Trim IWF
+248.9% $227.0K
Add LRCX
-0.4% $2.6M
Trim IWV
-53.7% -$1.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 9.05% | -0.32% | -0.28% | |
| 2 | IWF | Ishares Russell 1000 Growth | ETF-Other | 5.81% | -0.96% | +248.93% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 4.61% | +0.33% | — | |
| 4 | INTC | Intel CORP | Stock-Tech | 4.47% | +2.79% | -0.31% | |
| 5 | IWD | Ishares Russell 1000 Value E | ETF-Other | 3.37% | +0.07% | +6.73% | |
| 6 | AAPL | Apple Inc | Stock-Tech | 2.98% | -0.03% | +2.83% | |
| 7 | STX | Seagate Technology Holdings plc | Stock-Tech | 2.74% | +1.42% | — | |
| 8 | AMAT | Applied Materials Inc | Stock-Tech | 2.73% | +1.21% | +0.86% | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 2.30% | -0.24% | +6.24% | |
| 10 | LRCX | Lam Research CORP | Stock-Tech | 2.10% | +0.87% | -0.42% | |
| 11 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.97% | -0.06% | — | |
| 12 | BAC | Bank Of America CORP | Stock-Financials | 1.48% | +0.01% | +2.08% | |
| 13 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.39% | -0.09% | +7.00% | |
| 14 | CSCO | Cisco Systems Inc | Stock-Tech | 1.37% | +0.31% | +1.54% | |
| 15 | GE | General Electric | Stock-Industrials | 1.29% | +0.16% | +2.05% | |
| 16 | C | Citigroup Inc | Stock-Financials | 1.25% | +0.08% | +2.19% | |
| 17 | WM | Waste Management Inc | Stock-Industrials | 1.20% | -0.22% | +3.44% | |
| 18 | HDV | Ishares Core High Dividend E | ETF-Other | 1.17% | -0.23% | +390.37% | |
| 19 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 1.11% | -0.24% | -2.62% | |
| 20 | WMT | Walmart Inc | Stock-Consumer Staples | 1.09% | -0.28% | +2.82% | |
| 21 | AMGN | Amgen Inc | Stock-Healthcare | 1.09% | -0.12% | +3.32% | |
| 22 | DELL | Dell Technologies -c | Stock-Tech | 1.08% | +0.59% | -0.71% | |
| 23 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 1.06% | -0.05% | — | |
| 24 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.05% | -0.05% | +2.23% | |
| 25 | BA | Boeing Co/the | Stock-Industrials | 1.05% | -0.07% | +2.07% | |
| 26 | AVGO | Broadcom Inc | Stock-Tech | 1.02% | +0.02% | -1.46% | |
| 27 | SPGI | S&p Global Inc | Stock-Financials | 0.93% | -0.10% | +11.86% | |
| 28 | EFV | Ishares Msci Eafe Value ETF | ETF-Other | 0.86% | -0.12% | +1.28% | |
| 29 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.86% | +0.06% | +2.16% | |
| 30 | HIG | Hartford Insurance Group Inc | Stock-Financials | 0.84% | -0.16% | +1.24% | |
| 31 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.82% | +0.01% | +1.18% | |
| 32 | GD | General Dynamics CORP | Stock-Industrials | 0.81% | -0.10% | +2.56% | |
| 33 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.80% | +0.03% | +7.51% | |
| 34 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.80% | +0.03% | +2.74% | |
| 35 | ED | Consolidated Edison Inc | Stock-Utilities | 0.76% | -0.12% | +4.02% | |
| 36 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.75% | -0.04% | +10.28% | |
| 37 | XOM | Exxon Mobil CORP | Stock-Energy | 0.73% | -0.33% | +0.60% | |
| 38 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.72% | -0.04% | -6.52% | |
| 39 | WFC | Wells Fargo & Co | Stock-Financials | 0.72% | -0.08% | +2.61% | |
| 40 | PLD | Prologis Inc | Stock-Real Estate | 0.62% | -0.09% | +0.99% | |
| 41 | RTX | Rtx CORP | Stock-Industrials | 0.62% | -0.12% | +0.98% | |
| 42 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.61% | +0.20% | +14.34% | |
| 43 | IUSG | Ishares Core S&p U.s. Growth | ETF-Other | 0.60% | +0.01% | -0.20% | |
| 44 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.59% | -0.09% | +8.77% | |
| 45 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.58% | -0.04% | — | |
| 46 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.58% | -0.06% | +0.65% | |
| 47 | T | At&t Inc | Stock-Comm Services | 0.57% | -0.32% | +7.19% | |
| 48 | MU | Micron Technology Inc | Stock-Tech | 0.57% | +0.38% | +1.83% | |
| 49 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.57% | -0.09% | +16.77% | |
| 50 | GILD | Gilead Sciences Inc | Stock-Healthcare | 0.55% | -0.14% | +5.16% |
1–50 of 139
Portfolio Performance
Performance for Q3 2026
+2.1%
Performance Last 4 Quarters
+29.8%
- Stdev
- +12.5%
- Beta
- +0.92
- Alpha
- +3%
- Max Drawdown
- -6.8%
- Annualized Perf
- +22.7%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +3.77
- Stutzer
- +0.51
- Treynor
- +0.23
- Sterling
- +1.52
- Calmar
- +3.36
- Information Ratio
- +0.34
- Tracking Error
- +4.1%
- Stdev Down
- +5.7%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +41.8%
- Worst 12 Months
- +6.5%
- Efficiency Ratio
- +0.72
- Sharpe
- +1.71
- Stdev Sectors
- +12.4%
- Skewness
- +0.15
- Kurtosis
- +0.11
- Upside Potential
- +5.34
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 139 | $246.5M | 0 | ||
| 2026 Q1 | 136 | $208.2M | 11 | ||
| 2025 Q4 | 136 | $208.0M | 9 | ||
| 2025 Q3 | 132 | $196.3M | 12 | ||
| 2025 Q2 | 127 | $180.6M | 20 | ||
| 2025 Q1 | 125 | $165.9M | 11 | ||
| 2024 Q4 | 123 | $165.9M | 10 | ||
| 2024 Q3 | 128 | $164.7M | 9 | ||
| 2024 Q2 | 122 | $156.2M | 11 | ||
| 2024 Q1 | 122 | $149.1M | 19 | ||
| 2023 Q4 | 336 | $157.1M | 14 | ||
| 2023 Q3 | 328 | $139.4M | 6 | ||
| 2023 Q2 | 329 | $143.6M | 9 | ||
| 2023 Q1 | 330 | $137.1M | 11 | ||
| 2022 Q4 | 321 | $129.5M | 14 | ||
| 2022 Q3 | 317 | $115.3M | 12 | ||
| 2022 Q2 | 305 | $126.1M | 16 | ||
| 2022 Q1 | 299 | $144.2M | 11 | ||
| 2021 Q4 | 294 | $144.4M | 13 | ||
| 2021 Q3 | 294 | $129.0M | 7 | ||
| 2021 Q2 | 292 | $128.1M | 12 | ||
| 2021 Q1 | 287 | $117.1M | 12 | ||
| 2020 Q4 | 274 | $105.4M | — |
Holding changes this quarter
American State Bank's most significant position changes for 2026-06-30: Sold out: Sanofi-adr (SNY); New buy: Crowdstrike Holdings Inc - A (CRWD); Sold out: Salesforce Inc (CRM); Sold out: Comcast Corp-class A (CMCSA); New buy: Walt Disney Co/the (DIS).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | INTC | Intel CORP | +2.8% | -0.31% | Trim |
| 2 | STX | Seagate Technology Holdings plc | +1.4% | — | Unchanged |
| 3 | AMAT | Applied Materials Inc | +1.2% | +0.86% | Add |
| 4 | LRCX | Lam Research CORP | +0.9% | -0.42% | Trim |
| 5 | DELL | Dell Technologies -c | +0.6% | -0.71% | Trim |
| 6 | MU | Micron Technology Inc | +0.4% | +1.83% | Add |
| 7 | QQQ | Invesco Qqq Trust Series 1 | +0.3% | — | Unchanged |
| 8 | CSCO | Cisco Systems Inc | +0.3% | +1.54% | Add |
| 9 | UNH | Unitedhealth Group Inc | +0.2% | +14.34% | Add |
| 10 | CRWD | Crowdstrike Holdings Inc - A | +0.2% | NEW | New buy |
| 11 | GE | General Electric | +0.2% | +2.05% | Add |
| 12 | DIS | Walt Disney Co/the | +0.2% | NEW | New buy |
| 13 | LLY | Eli Lilly & Co | +0.2% | NEW | New buy |
| 14 | CAT | Caterpillar Inc | +0.1% | +6.05% | Add |
| 15 | MCK | Mckesson CORP | +0.1% | NEW | New buy |
| 16 | QCOM | Qualcomm Inc | +0.1% | +7.20% | Add |
| 17 | NEM | Newmont CORP | +0.1% | NEW | New buy |
| 18 | GLW | Corning Inc | +0.1% | NEW | New buy |
| 19 | VOO | Vanguard S&p 500 ETF | +0.1% | NEW | New buy |
| 20 | VBR | Vanguard Small-cap Value ETF | +0.1% | NEW | New buy |
| 21 | ESS | Essex Property Trust Inc | +0.1% | NEW | New buy |
| 22 | VEU | Vanguard Ftse All-world Ex-u | +0.1% | NEW | New buy |
| 23 | C | Citigroup Inc | +0.1% | +2.19% | Add |
| 24 | VBK | Vanguard Small-cap Grwth ETF | +0.1% | NEW | New buy |
| 25 | IWD | Ishares Russell 1000 Value E | +0.1% | +6.73% | Add |
| 26 | GOOG | Alphabet Inc-cl C | +0.1% | +2.16% | Add |
| 27 | GEV | GE Vernova Inc | +0.1% | -0.46% | Trim |
| 28 | V | Visa Inc-class A Shares | 0% | +12.72% | Add |
| 29 | AMZN | Amazon.com Inc | 0% | +7.51% | Add |
| 30 | GS | Goldman Sachs Group Inc | 0% | +2.74% | Add |
| 31 | VUG | Vanguard Growth ETF | 0% | +610.82% | Add |
| 32 | AVGO | Broadcom Inc | 0% | -1.46% | Trim |
| 33 | UNP | Union Pacific CORP | 0% | +11.14% | Add |
| 34 | VEA | Vanguard Ftse Developed ETF | 0% | +12.93% | Add |
| 35 | MS | Morgan Stanley | 0% | -0.48% | Trim |
| 36 | IVV | Ishares Core S&p 500 ETF | 0% | +12.74% | Add |
| 37 | BAC | Bank Of America CORP | 0% | +2.08% | Add |
| 38 | IEMG | Ishares Core Msci Emerging | 0% | +1.18% | Add |
| 39 | IUSG | Ishares Core S&p U.s. Growth | 0% | -0.20% | Trim |
| 40 | HD | Home Depot Inc | 0% | +16.24% | Add |
| 41 | SPTB | Ss Spdr P Treasury ETF | 0% | +23.39% | Add |
| 42 | VB | Vanguard Small-cap ETF | 0% | +10.55% | Add |
| 43 | VWO | Vanguard Ftse Emerging Marke | 0% | +9.05% | Add |
| 44 | SPBO | Ss Spdr P CORP Bond ETF | 0% | +29.08% | Add |
| 45 | VNQ | Vanguard Real Estate ETF | 0% | +13.67% | Add |
| 46 | ABBV | Abbvie Inc | — | +1.99% | Add |
| 47 | XLK | Ss Technology Select Sector | — | -15.83% | Trim |
| 48 | META | Meta Platforms Inc-class A | — | +23.11% | Add |
| 49 | VTV | Vanguard Value ETF | — | +7.24% | Add |
| 50 | SPG | Simon Property Group Inc | — | — | Unchanged |
1–50 of 147
Filing History
FAQ
What is American State Bank and what type of investor is it?
American State Bank is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $246.5M, spread across 139 disclosed positions.
What are American State Bank's largest equity positions?
Based on the latest 13F filing, American State Bank's top holdings by market value are:
1. Nvidia CORP (NVDA) — $22.3M (9.1%)
2. Ishares Russell 1000 Growth (IWF) — $14.3M (5.8%)
3. Invesco Qqq Trust Series 1 (QQQ) — $11.4M (4.6%)
4. Intel CORP (INTC) — $11.0M (4.5%)
5. Ishares Russell 1000 Value E (IWD) — $8.3M (3.4%)
What changes did American State Bank make in its most recent portfolio filing?
In the latest reported quarter, American State Bank made 117 notable position adjustments: 11 new positions were initiated, 70 existing holdings were added to, 28 positions were partially reduced, and 8 were completely exited. The largest of these moves: Sold out: Sanofi-adr (SNY); New buy: Crowdstrike Holdings Inc - A (CRWD); Sold out: Salesforce Inc (CRM); Sold out: Comcast Corp-class A (CMCSA); New buy: Walt Disney Co/the (DIS)
What sectors does American State Bank focus on?
American State Bank is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 46.8%
• Financials: 12.5%
• Industrials: 10.8%
• Health Care: 8.5%
• Communication Services: 4.4%
• Consumer Staples: 4.3%
Investment Profile
American State Bank returned an annualized 22.7% over the trailing 36 months — outperforming the S&P 500 by 3.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.92 (roughly in line with the market) and a 58% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 46.8% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 20 to 0 over the past 4 quarters — a shift toward longer holding periods.
It has added to its INTC position over the past two quarters (+$8.1M, now $11.0M), while trimming IWV over the same stretch (-$1.2M, still holding $1.3M).
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