CS
City State Bank 13F Portfolio Snapshot & Holdings (Q2 2026)
City State BankCIK: 0001910666
Diversified strategyMomentum followerLong-term holder
Total reported value
$436.4M
Reporting period: 2026-06-30 · Number of holdings: 809
City State Bank disclosed 809 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $436.4M and a quarterly turnover rate of 16.8%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "C"
Personality snowflake
- Concentration
- 5.75
- Portfolio Stability
- 16.84
- Momentum
- 100
- Sector conviction
- 64.94
- Diversification
- 100
- Sizing Uniformity
- 67.37
City State Bank's disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 70 equally-sized positions, well below its 809 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 3.26), 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 38% 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 MU
-5.9% $10.3M
Trim LNT
-75.8% -$3.9M
Trim BIV
+1.6% $136.0K
Trim BSV
+1.6% $108.3K
Add AMAT
-1.2% $1.4M
Add MRVL
0.0% $1.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 809 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 3.83% | -0.03% | -1.55% | |
| 2 | DFCF | Dimensional Core Fixed Inc | ETF-Other | 3.80% | -0.23% | +6.75% | |
| 3 | MU | Micron Technology Inc | Stock-Tech | 3.44% | +2.23% | -5.90% | |
| 4 | BIV | Vanguard Intermediate-term B | ETF-Other | 3.31% | -0.40% | +1.58% | |
| 5 | DFSD | Dimensional Short Duration | ETF-Other | 3.11% | -0.16% | +8.00% | |
| 6 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 2.66% | -0.33% | +1.59% | |
| 7 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 2.56% | -0.01% | +2.64% | |
| 8 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 2.38% | -0.14% | +0.43% | |
| 9 | DFAT | Dimensional US Target Value | ETF-Other | 2.27% | +0.10% | +5.79% | |
| 10 | VWOB | Vanguard Emerg Mkts Gov Bnd | ETF-Other | 2.15% | -0.02% | +9.86% | |
| 11 | BND | Vanguard Total Bond Market | ETF-Other | 1.91% | -0.20% | +3.00% | |
| 12 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 1.71% | -0.20% | +1.24% | |
| 13 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.65% | +0.15% | +1.22% | |
| 14 | NVDA | Nvidia CORP | Stock-Tech | 1.62% | +0.03% | +0.53% | |
| 15 | VUG | Vanguard Growth ETF | ETF-Other | 1.58% | +0.15% | +536.74% | |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.55% | -0.14% | — | |
| 17 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 1.50% | -0.14% | +2.55% | |
| 18 | STIP | Ishares 0-5 Year Tips Bond E | ETF-Other | 1.49% | -0.15% | +3.97% | |
| 19 | MSFT | Microsoft CORP | Stock-Tech | 1.48% | -0.11% | +5.02% | |
| 20 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-Corp Bonds | 1.40% | -0.16% | +1.39% | |
| 21 | DFAI | Dimensional International Co | ETF-Other | 1.37% | +0.03% | +9.70% | |
| 22 | DFGP | Dimensional Glbl Core Pl Fix | ETF-Other | 1.22% | -0.01% | +11.31% | |
| 23 | VTV | Vanguard Value ETF | ETF-Other | 1.16% | — | +1.47% | |
| 24 | DFIV | Dimensional International Va | ETF-Other | 1.15% | +0.01% | +11.15% | |
| 25 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.12% | +0.02% | +1.21% | |
| 26 | DUHP | Dimensional US High Profi Et | ETF-Other | 1.12% | +0.13% | +13.54% | |
| 27 | EBND | State Street Spdr Bloomberg | ETF-Other | 1.06% | -0.09% | +2.55% | |
| 28 | DFAE | Dimensional Emerging Core Eq | ETF-Emerging Markets | 1.02% | +0.11% | +7.42% | |
| 29 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 0.95% | +0.05% | +4.24% | |
| 30 | CAT | Caterpillar Inc | Stock-Industrials | 0.94% | +0.23% | -0.95% | |
| 31 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.93% | +0.03% | +317.56% | |
| 32 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.89% | +0.19% | +1.65% | |
| 33 | VFH | Vanguard Financials ETF | ETF-Other | 0.83% | -0.04% | -0.34% | |
| 34 | DFLV | Dim US Large Cap Value ETF | ETF-Large Cap & Growth | 0.81% | +0.03% | +6.78% | |
| 35 | VGT | Vanguard Info Tech ETF | ETF-Tech | 0.77% | +0.17% | +754.48% | |
| 36 | VB | Vanguard Small-cap ETF | ETF-Other | 0.76% | +0.05% | +4.90% | |
| 37 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.75% | +0.01% | -0.70% | |
| 38 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.74% | +0.05% | -6.52% | |
| 39 | DFIP | Dimensional Inflation-protec | ETF-Other | 0.73% | +0.07% | +28.31% | |
| 40 | DIHP | Dimensional International Hi | ETF-Other | 0.71% | +0.12% | +29.72% | |
| 41 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.65% | -0.07% | -1.23% | |
| 42 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.65% | -0.01% | -0.56% | |
| 43 | AMAT | Applied Materials Inc | Stock-Tech | 0.62% | +0.29% | -1.25% | |
| 44 | RTX | Rtx CORP | Stock-Industrials | 0.54% | -0.08% | -0.12% | |
| 45 | AMD | Advanced Micro Devices | Stock-Tech | 0.53% | +0.23% | -29.61% | |
| 46 | ABBV | Abbvie Inc | Stock-Healthcare | 0.53% | +0.01% | -0.20% | |
| 47 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.52% | -0.02% | -1.83% | |
| 48 | IAGG | Ishares Intl Aggregate Bond | ETF-Other | 0.48% | -0.07% | -1.00% | |
| 49 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.47% | -0.11% | -0.90% | |
| 50 | VHT | Vanguard Health Care ETF | ETF-Other | 0.47% | -0.01% | -0.22% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.3%
Performance Last 4 Quarters
+21.1%
- Stdev
- +9.5%
- Beta
- +0.68
- Alpha
- +2.4%
- Max Drawdown
- -4.3%
- Annualized Perf
- +16.8%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +3.32
- Stutzer
- +0.48
- Treynor
- +0.24
- Sterling
- +1.22
- Calmar
- +3.95
- Information Ratio
- -0.72
- Tracking Error
- +5.5%
- Stdev Down
- +4.8%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +26.9%
- Worst 12 Months
- +8.2%
- Efficiency Ratio
- +0.63
- Sharpe
- +1.69
- Stdev Sectors
- +10.7%
- Skewness
- -0.31
- Kurtosis
- -0.32
- Upside Potential
- +4.9
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 809 | $436.4M | 17 | ||
| 2026 Q1 | 784 | $385.3M | 12 | ||
| 2025 Q4 | 767 | $365.1M | 10 | ||
| 2025 Q3 | 742 | $346.2M | 19 | ||
| 2025 Q2 | 748 | $319.0M | 0 | ||
| 2025 Q1 | 752 | $303.4M | 0 | ||
| 2024 Q4 | 727 | $283.5M | 0 | ||
| 2024 Q3 | 740 | $274.4M | 0 | ||
| 2024 Q2 | 730 | $244.9M | 0 | ||
| 2024 Q1 | 711 | $226.5M | 0 | ||
| 2023 Q4 | 680 | $199.5M | 0 | ||
| 2023 Q3 | 730 | $181.5M | 0 | ||
| 2023 Q2 | 703 | $185.3M | 0 | ||
| 2023 Q1 | 684 | $174.8M | 0 | ||
| 2022 Q4 | 653 | $162.5M | 0 | ||
| 2022 Q3 | 701 | $142.9M | 0 | ||
| 2022 Q2 | 702 | $143.4M | 0 | ||
| 2022 Q1 | 676 | $165.5M | 0 | ||
| 2021 Q4 | 667 | $162.3M | 0 |
Holding changes this quarter
City State Bank's most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; New buy: ; New buy: Servicenow Inc (NOW).
Showing top 200 changes by size (of 824 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +2.2% | -5.90% | Trim |
| 2 | AMAT | Applied Materials Inc | +0.3% | -1.25% | Trim |
| 3 | MRVL | Marvell Technology Inc | +0.3% | — | Unchanged |
| 4 | CAT | Caterpillar Inc | +0.2% | -0.95% | Trim |
| 5 | AMD | Advanced Micro Devices | +0.2% | -29.61% | Trim |
| 6 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +1.65% | Add |
| 7 | INTC | Intel CORP | +0.2% | -0.89% | Trim |
| 8 | VGT | Vanguard Info Tech ETF | +0.2% | +754.48% | Add |
| 9 | GOOG | Alphabet Inc-cl C | +0.2% | +1.22% | Add |
| 10 | VUG | Vanguard Growth ETF | +0.2% | +536.74% | Add |
| 11 | DUHP | Dimensional US High Profi Et | +0.1% | +13.54% | Add |
| 12 | DIHP | Dimensional International Hi | +0.1% | +29.72% | Add |
| 13 | DFAE | Dimensional Emerging Core Eq | +0.1% | +7.42% | Add |
| 14 | DFAT | Dimensional US Target Value | +0.1% | +5.79% | Add |
| 15 | QQQM | Invesco Nasdaq 100 ETF | +0.1% | +15.94% | Add |
| 16 | ✓ | +0.1% | NEW | New buy | |
| 17 | ✓ | +0.1% | NEW | New buy | |
| 18 | DFIP | Dimensional Inflation-protec | +0.1% | +28.31% | Add |
| 19 | DFAC | Dimensional US Core Equity 2 | +0.1% | +4.24% | Add |
| 20 | VB | Vanguard Small-cap ETF | +0.1% | +4.90% | Add |
| 21 | LLY | Eli Lilly & Co | +0.1% | -6.52% | Trim |
| 22 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -27.10% | Trim |
| 23 | MGK | Vanguard Mega Cap Growth ETF | +0.1% | +466.04% | Add |
| 24 | NTAP | Netapp Inc | +0.1% | +2.96% | Add |
| 25 | IESC | Ies Holdings Inc | +0.1% | -1.86% | Trim |
| 26 | STX | Seagate Technology Holdings plc | +0.1% | -20.65% | Trim |
| 27 | ✓ | +0.1% | NEW | New buy | |
| 28 | SNOW | Snowflake Inc | +0.1% | +12.52% | Add |
| 29 | NOW | Servicenow Inc | +0.1% | NEW | New buy |
| 30 | ✓ | +0.1% | NEW | New buy | |
| 31 | IBM | Intl Business Machines CORP | 0% | +13.68% | Add |
| 32 | AVGO | Broadcom Inc | 0% | +12.51% | Add |
| 33 | NVDA | Nvidia CORP | 0% | +0.53% | Add |
| 34 | DFAI | Dimensional International Co | 0% | +9.70% | Add |
| 35 | VO | Vanguard Mid-cap ETF | 0% | +317.56% | Add |
| 36 | DFLV | Dim US Large Cap Value ETF | 0% | +6.78% | Add |
| 37 | VEA | Vanguard Ftse Developed ETF | 0% | +9.27% | Add |
| 38 | FITB | Fifth Third Bancorp | 0% | -0.64% | Trim |
| 39 | DFAU | Dimensional US Core Equity M | 0% | +12.34% | Add |
| 40 | GE | General Electric | 0% | — | Unchanged |
| 41 | TXN | Texas Instruments Inc | 0% | -0.80% | Trim |
| 42 | CSCO | Cisco Systems Inc | 0% | -0.57% | Trim |
| 43 | RKT | Rocket Cos Inc-class A | 0% | +645.16% | Add |
| 44 | QQQ | Invesco Qqq Trust Series 1 | 0% | +18.40% | Add |
| 45 | PLTR | Palantir Technologies Inc-a | 0% | +170.87% | Add |
| 46 | AMZN | Amazon.com Inc | 0% | +1.21% | Add |
| 47 | VOO | Vanguard S&p 500 ETF | 0% | +3.16% | Add |
| 48 | MELI | Mercadolibre Inc | 0% | +25.97% | Add |
| 49 | CMI | Cummins Inc | 0% | — | Unchanged |
| 50 | GS | Goldman Sachs Group Inc | 0% | -0.42% | Trim |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is City State Bank and what type of investor is it?
City 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 $436.4M, spread across 809 disclosed positions.
What are City State Bank's largest equity positions?
Based on the latest 13F filing, City State Bank's top holdings by market value are:
1. Apple Inc (AAPL) — $16.7M (3.8%)
2. Dimensional Core Fixed Inc (DFCF) — $16.6M (3.8%)
3. Micron Technology Inc (MU) — $15.0M (3.4%)
4. Vanguard Intermediate-term B (BIV) — $14.4M (3.3%)
5. Dimensional Short Duration (DFSD) — $13.6M (3.1%)
What changes did City State Bank make in its most recent portfolio filing?
In the latest reported quarter, City State Bank made 154 notable position adjustments: 7 new positions were initiated, 81 existing holdings were added to, 60 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; New buy: ; New buy: Servicenow Inc (NOW)
What sectors does City State Bank focus on?
City State Bank is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 41.1%
• Industrials: 10.8%
• Health Care: 9.5%
• Financials: 9.4%
• Consumer Discretionary: 9.0%
• Communication Services: 6.8%
Investment Profile
City State Bank returned an annualized 16.8% over the trailing 36 months — outperforming the S&P 500 by 2.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.68 (less volatile than the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 41.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 17 over the past 4 quarters — a shift toward more active trading.
It has added to its MU position over the past two quarters (+$10.7M, now $15.0M), while trimming BLV over the same stretch (-$592.8K, still holding $144.8K).
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Developer Access
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