AN
Ames National CORP 13F Holdings (Q2 2026) — Stock Portfolio & Buys
Ames National CORPCIK: 0001132651
Momentum followerLong-term holderQuality / disciplined sizing
Total reported value
$181.8M
Reporting period: 2026-06-30 · Number of holdings: 124
AMES NATIONAL CORP disclosed 124 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $181.8M and a quarterly turnover rate of 12.3%.
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Personality snowflake
- Concentration
- 36.88
- Portfolio Stability
- 12.28
- Momentum
- 100
- Sector conviction
- 49.55
- Diversification
- 100
- Sizing Uniformity
- 76.67
Ames National CORP's disclosed holdings carry a Herfindahl concentration index of 0.092 — mathematically equivalent to about 11 equally-sized positions, well below its 124 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 2.33), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 26% 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 IVV
-1.4% $5.4M
Add TRV
+614.5% $1.5M
Sold out WHWK
Add XLK
+0.1% $1.4M
Trim BSV
+4.8% $523.2K
Trim CVX
-1.4% -$375.2K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 69 holdings (of 124 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 25.82% | +0.90% | -1.42% | |
| 2 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 7.32% | -0.35% | +4.76% | |
| 3 | BND | Vanguard Total Bond Market | ETF-Other | 7.21% | -0.27% | +5.56% | |
| 4 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 7.15% | -0.23% | +6.02% | |
| 5 | VXUS | Vanguard Total Intl Stock | ETF-Other | 3.66% | +0.04% | -0.58% | |
| 6 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 3.29% | +0.12% | -0.34% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 3.23% | -0.29% | -0.76% | |
| 8 | AAPL | Apple Inc | Stock-Tech | 2.79% | +0.10% | -0.80% | |
| 9 | VTIP | Vanguard Short-term Tips | ETF-Other | 2.76% | -0.12% | +3.91% | |
| 10 | XLK | Ss Technology Select Sector | ETF-Tech | 2.57% | +0.62% | +0.09% | |
| 11 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 2.55% | +0.18% | -3.20% | |
| 12 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 2.46% | +0.12% | +0.13% | |
| 13 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 2.07% | +0.11% | — | |
| 14 | ✓ | Goeppinger Enterprises Inc | Stock-Other | 1.88% | -0.17% | — | |
| 15 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.82% | +0.18% | -2.04% | |
| 16 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.73% | +0.15% | +0.02% | |
| 17 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.54% | -0.09% | -0.60% | |
| 18 | HD | Home Depot Inc | Stock-Consumer Disc | 1.43% | -0.12% | -6.05% | |
| 19 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.31% | +0.01% | -2.03% | |
| 20 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.29% | -0.05% | — | |
| 21 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.94% | +0.81% | +614.46% | |
| 22 | CSCO | Cisco Systems Inc | Stock-Tech | 0.77% | +0.18% | -4.96% | |
| 23 | CVX | Chevron CORP | Stock-Energy | 0.76% | -0.30% | -1.41% | |
| 24 | ATLO | Ames National CORP | Stock-Other | 0.73% | -0.06% | — | |
| 25 | XOM | Exxon Mobil CORP | Stock-Energy | 0.66% | -0.23% | — | |
| 26 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.65% | -0.18% | -2.49% | |
| 27 | ADP | Automatic Data Processing | Stock-Tech | 0.64% | -0.05% | -8.45% | |
| 28 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.61% | -0.15% | -13.98% | |
| 29 | UNP | Union Pacific CORP | Stock-Industrials | 0.60% | +0.01% | -2.45% | |
| 30 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.56% | -0.01% | — | |
| 31 | CASY | Casey's General Stores Inc | Stock-Consumer Disc | 0.52% | — | — | |
| 32 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.50% | +0.01% | -10.48% | |
| 33 | WMT | Walmart Inc | Stock-Consumer Staples | 0.49% | -0.10% | -2.28% | |
| 34 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.43% | +0.02% | — | |
| 35 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.34% | -0.01% | — | |
| 36 | GD | General Dynamics CORP | Stock-Industrials | 0.34% | -0.02% | — | |
| 37 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.34% | +0.02% | — | |
| 38 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.34% | +0.09% | -2.97% | |
| 39 | V | Visa Inc-class A Shares | Stock-Financials | 0.31% | -0.07% | -22.24% | |
| 40 | PPG | Ppg Industries Inc | Stock-Materials | 0.30% | +0.01% | — | |
| 41 | BLK | Blackrock Inc | Stock-Financials | 0.30% | -0.03% | -0.53% | |
| 42 | QCOM | Qualcomm Inc | Stock-Tech | 0.27% | +0.01% | -21.06% | |
| 43 | BX | Blackstone Inc | Stock-Financials | 0.25% | -0.02% | — | |
| 44 | KLAC | Kla CORP | Stock-Tech | 0.25% | +0.12% | +900.00% | |
| 45 | AFL | Aflac Inc | Stock-Financials | 0.24% | — | — | |
| 46 | RTX | Rtx CORP | Stock-Industrials | 0.23% | -0.03% | — | |
| 47 | DE | Deere & Co | Stock-Industrials | 0.23% | +0.01% | -1.51% | |
| 48 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.22% | — | — | |
| 49 | CAT | Caterpillar Inc | Stock-Industrials | 0.22% | +0.06% | — | |
| 50 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.22% | -0.06% | -2.72% |
1–50 of 69
Portfolio Performance
Performance for Q3 2026
+2.9%
Performance Last 4 Quarters
+16%
- Stdev
- +8.4%
- Beta
- +0.6
- Alpha
- +3.1%
- Max Drawdown
- -3.9%
- Annualized Perf
- +15.3%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +3.51
- Stutzer
- +0.51
- Treynor
- +0.24
- Sterling
- +1.1
- Calmar
- +3.89
- Information Ratio
- -0.77
- Tracking Error
- +5.9%
- Stdev Down
- +4.2%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +21.8%
- Worst 12 Months
- +12.9%
- Efficiency Ratio
- +0.6
- Sharpe
- +1.74
- Stdev Sectors
- +8.1%
- Skewness
- -0.25
- Kurtosis
- +0.35
- Upside Potential
- +4.91
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Ames National CORP's most significant position changes for 2026-06-30: Sold out: Whitehawk Therapeutics Inc (WHWK); New buy: Carpenter Technology (CRS); New buy: Intel CORP (INTC); New buy: Vanguard Info Tech ETF (VGT); Trim: Ishares Core S&p 500 ETF (IVV) — shares -1.42%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +0.9% | -1.42% | Trim |
| 2 | TRV | Travelers Cos Inc/the | +0.8% | +614.46% | Add |
| 3 | XLK | Ss Technology Select Sector | +0.6% | +0.09% | Add |
| 4 | IWM | Ishares Russell 2000 ETF | +0.2% | -3.20% | Trim |
| 5 | GOOG | Alphabet Inc-cl C | +0.2% | -2.04% | Trim |
| 6 | CSCO | Cisco Systems Inc | +0.2% | -4.96% | Trim |
| 7 | IJR | Ishares Core S&p Small-cap E | +0.2% | +0.02% | Add |
| 8 | CRS | Carpenter Technology | +0.1% | NEW | New buy |
| 9 | IWR | Ishares Russell Mid-cap ETF | +0.1% | -0.34% | Trim |
| 10 | IJH | Ishares Core S&p Midcap ETF | +0.1% | +0.13% | Add |
| 11 | KLAC | Kla CORP | +0.1% | +900.00% | Add |
| 12 | INTC | Intel CORP | +0.1% | NEW | New buy |
| 13 | VGT | Vanguard Info Tech ETF | +0.1% | NEW | New buy |
| 14 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | — | Unchanged |
| 15 | AAPL | Apple Inc | +0.1% | -0.80% | Trim |
| 16 | UNH | Unitedhealth Group Inc | +0.1% | -2.97% | Trim |
| 17 | CAT | Caterpillar Inc | +0.1% | — | Unchanged |
| 18 | VXUS | Vanguard Total Intl Stock | 0% | -0.58% | Trim |
| 19 | VOO | Vanguard S&p 500 ETF | 0% | — | Unchanged |
| 20 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | — | Unchanged |
| 21 | JPM | Jpmorgan Chase & Co | 0% | -2.03% | Trim |
| 22 | UNP | Union Pacific CORP | 0% | -2.45% | Trim |
| 23 | GOOGL | Alphabet Inc-cl A | 0% | -10.48% | Trim |
| 24 | PPG | Ppg Industries Inc | 0% | — | Unchanged |
| 25 | QCOM | Qualcomm Inc | 0% | -21.06% | Trim |
| 26 | ABBV | Abbvie Inc | 0% | — | Unchanged |
| 27 | DE | Deere & Co | 0% | -1.51% | Trim |
| 28 | CASY | Casey's General Stores Inc | — | — | Unchanged |
| 29 | NSC | Norfolk Southern CORP | — | — | Unchanged |
| 30 | AFL | Aflac Inc | — | — | Unchanged |
| 31 | VEA | Vanguard Ftse Developed ETF | — | — | Unchanged |
| 32 | KO | Coca-cola Co/the | — | — | Unchanged |
| 33 | LNT | Alliant Energy CORP | — | — | Unchanged |
| 34 | WFC | Wells Fargo & Co | — | — | Unchanged |
| 35 | MRK | Merck & Co. Inc. | 0% | — | Unchanged |
| 36 | VYM | Vanguard High Dvd Yield ETF | 0% | — | Unchanged |
| 37 | SYK | Stryker CORP | 0% | — | Unchanged |
| 38 | AMGN | Amgen Inc | 0% | — | Unchanged |
| 39 | ABT | Abbott Laboratories | 0% | — | Unchanged |
| 40 | GD | General Dynamics CORP | 0% | — | Unchanged |
| 41 | BX | Blackstone Inc | 0% | — | Unchanged |
| 42 | APD | Air Products & Chemicals Inc | 0% | -1.95% | Trim |
| 43 | DIS | Walt Disney Co/the | 0% | -11.09% | Trim |
| 44 | RTX | Rtx CORP | 0% | — | Unchanged |
| 45 | BLK | Blackrock Inc | 0% | -0.53% | Trim |
| 46 | SYY | Sysco CORP | 0% | -25.40% | Trim |
| 47 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | — | Unchanged |
| 48 | NKE | Nike Inc -cl B | -0.1% | -1.55% | Trim |
| 49 | PFF | Ishares Preferred & Income S | -0.1% | -20.74% | Trim |
| 50 | ADP | Automatic Data Processing | -0.1% | -8.45% | Trim |
1–50 of 70
Filing History
FAQ
What is Ames National CORP and what type of investor is it?
Ames National CORP 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 $181.8M, spread across 124 disclosed positions.
What are Ames National CORP's largest equity positions?
Based on the latest 13F filing, Ames National CORP's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $46.9M (25.8%)
2. Vanguard Short-term Bond ETF (BSV) — $13.3M (7.3%)
3. Vanguard Total Bond Market (BND) — $13.1M (7.2%)
4. Ishares Core U.s. Aggregate (AGG) — $13.0M (7.2%)
5. Vanguard Total Intl Stock (VXUS) — $6.6M (3.7%)
What changes did Ames National CORP make in its most recent portfolio filing?
In the latest reported quarter, Ames National CORP made 44 notable position adjustments: 3 new positions were initiated, 9 existing holdings were added to, 31 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Whitehawk Therapeutics Inc (WHWK); New buy: Carpenter Technology (CRS); New buy: Intel CORP (INTC); New buy: Vanguard Info Tech ETF (VGT); Trim: Ishares Core S&p 500 ETF (IVV) — shares -1.42%
What sectors does Ames National CORP focus on?
Ames National CORP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 31.1%
• Financials: 13.4%
• Health Care: 12.3%
• Communication Services: 10.6%
• Consumer Discretionary: 10.5%
• Industrials: 7.6%
Investment Profile
Ames National CORP returned an annualized 15.3% over the trailing 18 months — outperforming the S&P 500 by 3.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.60 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 31.1% of the portfolio concentrated in Information Technology.
It has added to its BND position over the past two quarters (+$1.7M, now $13.1M), while trimming T over the same stretch (-$746.2K, still holding $290.6K).
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Developer Access
Access Ames National CORP's institutional profile programmatically:
REST API
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