AMES NATIONAL CORP

CIK 1132651 · View on SEC EDGAR ↗

Portfolio value
$116.3M
#8,099 of 9,443 by 13F value · top 85.8%
Positions
67
As of
March 31, 2026 Data as of Q1 2026

Portfolio value QoQ: -2.3% 13F does not disclose cash

Top 10 holdings weight
68.55%
Top 25 holdings weight
89.82%
Positions above 1%
19
Effective number of positions
10.9

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q1 2026: 5.53% Est. buys $6,509,281 · sells $6,773,960

Median holding: 6.0 quarters Tracked Q4 2024–Q1 2026 · 87.0% still held

New positions
4
Increased
11
Decreased
28
Closed
3
On this page

Sector breakdown

Technology
6.2%
Healthcare
4.2%
Retail
3.1%
Industrials
2.1%
Communication Services
2.0%
Financials
1.8%
Energy
1.4%
Consumer Discretionary
0.8%
Consumer products
0.7%
Financial Services
0.7%
Materials
0.6%
Consumer Staples
0.4%
Telecommunication
0.3%
Communications
0.1%
Utilities
0.1%
Other/Unmapped
75.4%

Full portfolio 67 positions

Type Streak 8Q trend
IVV $28,760,836 24.73% 44,030 $-490,212 Up ×5
BSV $9,991,786 8.59% 127,430 $853,766 Up ×3
BND Vanguard Total Bond Market ETF $9,800,748 8.43% 133,090 $973,085 Up ×3
AGG $9,524,957 8.19% 95,950 $875,848 Up ×3
MSFT Microsoft Corporation - Common Stock $4,081,494 3.51% 11,026 $-1,347,624 Down ×4
VXUS Vanguard Total International Stock ETF $3,678,147 3.16% 47,700 $52,123 Down ×1
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $3,643,053 3.13% 72,934 $293,424 Up ×2
IWR $3,577,383 3.08% 36,793 $-36,882 Down ×5
Unknown issuer (CUSIP: GEI001202) $3,421,180 2.94% 1,202 $0
XLK XLK $3,254,721 2.80% 24,490 $-271,104
VTI $3,240,181 2.79% 10,100 $-189,631 Down ×1
AAPL Apple Inc. - Common Stock $2,749,561 2.36% 10,834 $-195,770
IJH $2,554,525 2.20% 37,828 $221,293 Up ×3
IWM $2,353,024 2.02% 9,488 $-34,728 Down ×5
JNJ Johnson & Johnson Common Stock $2,155,961 1.85% 8,820 $-36,674 Down ×3
HD Home Depot, Inc. (The) Common Stock $1,893,749 1.63% 5,758 $-160,528 Down ×5
IJR $1,697,204 1.46% 13,653 $165,750 Up ×3
GOOG Alphabet Inc. - Class C Capital Stock $1,543,307 1.33% 5,380 $-188,869 Down ×2
WHWK Whitehawk Therapeutics, Inc. - Common Stock $1,333,269 1.15% 4,571 Up ×1
JPM JP Morgan Chase & Co. Common Stock $1,005,733 0.86% 3,419 $-200,659 Down ×2
ADP Automatic Data Processing, Inc. - Common Stock $935,034 0.80% 4,602 $-318,191 Down ×2
CASY Caseys General Stores, Inc. - Common Stock $873,432 0.75% 1,200 $210,180
CVX Chevron Corporation Common Stock $810,014 0.70% 3,915 $146,268 Down ×1
XOM Exxon Mobil Corporation Common Stock $805,715 0.69% 4,749 $234,220
PG Procter & Gamble Company (The) Common Stock $790,231 0.68% 5,471 $-135,695 Down ×5
GOOGL Alphabet Inc. - Class A Common Stock $747,081 0.64% 2,598 $-66,093
MCD McDonald's Corporation Common Stock $624,377 0.54% 2,009 $10,366
GD General Dynamics Corporation Common Stock $604,754 0.52% 1,762 $11,559
WMT Walmart Inc. - Common Stock $569,327 0.49% 4,581 $8,823 Down ×1
SPY SPY $538,482 0.46% 828 $-60,244 Down ×1
BRKB $503,160 0.43% 1,050 $-9,543 Up ×1
PPG PPG Industries, Inc. Common Stock $488,442 0.42% 4,570 $20,200
VOO $481,625 0.41% 806 $-53,317 Down ×1
AFL AFLAC Incorporated Common Stock $404,830 0.35% 3,690 $-23,569 Down ×1
PFE Pfizer, Inc. Common Stock $378,743 0.33% 13,488 $42,892
NSC Norfolk Southern Corporation Common Stock $368,225 0.32% 1,300 $108,377 Up ×1
BX Blackstone Inc. Common Stock $344,970 0.30% 3,000 $-117,450
SYY Sysco Corporation Common Stock $322,768 0.28% 4,525 $-23,207 Down ×1
ABBV AbbVie Inc. Common Stock $311,221 0.27% 1,465 $-23,517
KO Coca-Cola Company (The) Common Stock $296,367 0.25% 3,897 $9,946 Down ×1
PFF iShares Preferred and Income Securities ETF $285,008 0.25% 9,400 $229,280 Up ×1
NKE Nike, Inc. Common Stock $279,788 0.24% 5,297 $-90,176 Down ×1
VYM $274,726 0.24% 1,855 $8,496
BLK BlackRock, Inc. Common Stock $242,351 0.21% 252 $-80,892 Down ×1
T AT&T Inc. $241,835 0.21% 8,342 $-653,448 Down ×1
WFC Wells Fargo & Company Common Stock $231,570 0.20% 3,000 $-514,030 Down ×2
KLAC KLA Corporation - Common Stock $220,862 0.19% 150 Up ×1
APD Air Products and Chemicals, Inc. Common Stock $217,868 0.19% 750 $32,603
DE Deere & Company Common Stock $216,871 0.19% 385 $37,627
V Visa Inc. $211,870 0.18% 701 $15,472 Up ×1
TRV The Travelers Companies, Inc. Common Stock $211,760 0.18% 726 $-1,333,100 Down ×4
QCOM QUALCOMM Incorporated - Common Stock $202,313 0.17% 1,571 $-66,407
ATLO Ames National Corporation - Common Stock $200,023 0.17% 7,088 $-215,277 Down ×2
PEP PepsiCo, Inc. - Common Stock $197,839 0.17% 1,274 $14,277 Down ×5
MRK Merck & Company, Inc. Common Stock (new) $185,487 0.16% 1,542 $23,176
AMGN Amgen Inc. - Common Stock $175,925 0.15% 500
CSCO Cisco Systems, Inc. - Common Stock $170,620 0.15% 2,199 $1,231
CAT Caterpillar, Inc. Common Stock $165,071 0.14% 233 $31,592
ABT Abbott Laboratories Common Stock $146,305 0.13% 1,425 $-32,233
RTX RTX Corporation Common Stock $128,857 0.11% 668 $6,346
VEA $128,416 0.11% 2,004 $3,226
SYK Stryker Corporation Common Stock $119,935 0.10% 365
VZ Verizon Communications Inc. Common Stock $109,486 0.09% 2,181 $-227,799 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $103,095 0.09% 381 $-22,677
LNT Alliant Energy Corporation - Common Stock $82,739 0.07% 1,153 $-1,177,740 Down ×1
UNP Union Pacific Corporation Common Stock $58,229 0.05% 240 $-328,075 Down ×2
DIS Walt Disney Company (The) Common Stock $46,648 0.04% 484 $-8,417

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
IVV $28,760,836 24.73% up ×5
BSV $9,991,786 8.59% up ×3
BND $9,800,748 8.43% up ×3
AGG $9,524,957 8.19% up ×3
IJH $2,554,525 2.20% up ×3
IJR $1,697,204 1.46% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
WHWK $1,333,269 4,571 1.15%
KLAC $220,862 150 0.19%
AMGN $175,925 500 0.15%
SYK $119,935 365 0.10%

Top movers (QoQ)

Security Action Shares Δ Value Δ
MSFT Trimmed -200 -$1.3M
BND Bought more +14K +$973K
AGG Bought more +9K +$876K
BSV Bought more +11K +$854K
T Trimmed -28K -$653K
WFC Trimmed -5K -$514K
IVV Bought more +1K -$490K
ADP Trimmed -270 -$318K
VTIP Bought more +5K +$293K
XLK Price move only +0 -$271K

3 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
AMGN March 31, 2025 35,409 $581,770 40.0%
CASY June 30, 2025 1,200 $520,848 62.2%
SYK March 31, 2025 745 $268,237 -8.7%
ABBV March 31, 2025 1,465 $260,331 26.6%
EMR June 30, 2025 2,200 $241,208 16.6%
SHV March 31, 2025 2,161 $237,948
COP March 31, 2026 2,500 $234,025 2.2%
AVGO Dec. 31, 2025 700 $230,937 5.2%
DNP March 31, 2026 18,000 $179,820 6.6%
IBM Dec. 31, 2025 590 $166,474 -20.3%
SYK Dec. 31, 2025 445 $164,503 -3.3%
KMB Dec. 31, 2025 1,000 $124,340 8.2%
COF March 31, 2026 489 $118,514 17.1%
VEA March 31, 2025 1,679 $80,290 No longer tracked
DOW Dec. 31, 2025 2,362 $54,161 39.8%
DHR March 31, 2025 200 $45,910 4.7%