# AMES NATIONAL CORP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1132651. Source: https://holderbook.com/funds/1132651-ames-national-corp/

- Reported value: $181.8M
- Positions: 69
- Weight of the ten largest: 65.8%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $46.9M | 62,673 | 25.8% | 7 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $13.3M | 170,831 | 7.3% | 7 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $13.1M | 178,648 | 7.2% | 7 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $13.0M | 131,303 | 7.1% | 7 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $6.6M | 77,720 | 3.7% | 7 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $6.0M | 54,127 | 3.3% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.9M | 15,736 | 3.2% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.1M | 17,539 | 2.8% | 7 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $5.0M | 100,003 | 2.8% | 7 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $4.7M | 24,513 | 2.6% | 7 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $4.6M | 15,410 | 2.5% | 7 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $4.5M | 57,891 | 2.5% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.8M | 10,169 | 2.1% | 7 |
| Goeppinger Enterprises Inc | - | $3.4M | 1,202 | 1.9% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.3M | 9,350 | 1.8% | 7 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $3.1M | 21,151 | 1.7% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.8M | 11,029 | 1.5% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.6M | 7,392 | 1.4% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.4M | 7,255 | 1.3% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.4M | 4,704 | 1.3% | 7 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $1.7M | 5,187 | 0.9% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.4M | 11,981 | 0.8% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.4M | 8,372 | 0.8% | 7 |
| AMES NATL CORP | [ATLO](https://holderbook.com/stocks/ATLO/) | $1.3M | 46,557 | 0.7% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.2M | 8,765 | 0.7% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.2M | 4,344 | 0.6% | 7 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.2M | 5,203 | 0.6% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.1M | 7,550 | 0.6% | 7 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.1M | 3,982 | 0.6% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.0M | 7,854 | 0.6% | 7 |
| CASEYS GEN STORES INC | [CASY](https://holderbook.com/stocks/CASY/) | $953.7K | 1,200 | 0.5% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $915.9K | 2,563 | 0.5% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $882.4K | 7,791 | 0.5% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $788.5K | 1,148 | 0.4% | 7 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $625.0K | 3,955 | 0.3% | 7 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $624.2K | 1,762 | 0.3% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $618.3K | 828 | 0.3% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $611.4K | 1,471 | 0.3% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $555.3K | 1,619 | 0.3% | 7 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $554.3K | 4,570 | 0.3% | 7 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $539.4K | 561 | 0.3% | 7 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $498.0K | 2,695 | 0.3% | 7 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $458.9K | 3,900 | 0.3% | 7 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $452.6K | 1,500 | 0.2% | 2 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $432.7K | 3,690 | 0.2% | 7 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $422.7K | 2,228 | 0.2% | 7 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $414.2K | 653 | 0.2% | 7 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $409.0K | 1,300 | 0.2% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $407.9K | 383 | 0.2% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $397.8K | 2,938 | 0.2% | 7 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $373.6K | 4,597 | 0.2% | 7 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $369.4K | 1,260 | 0.2% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $368.7K | 1,465 | 0.2% | 5 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $363.9K | 15,027 | 0.2% | 7 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $319.3K | 4,185 | 0.2% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $294.8K | 6,963 | 0.2% | 7 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $294.6K | 3,525 | 0.2% | 7 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $290.6K | 14,037 | 0.2% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $260.0K | 3,649 | 0.1% | 5 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $247.9K | 3,000 | 0.1% | 7 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $246.7K | 400 | 0.1% | 1 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $227.2K | 7,450 | 0.1% | 7 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $223.4K | 1,600 | 0.1% | 1 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $222.2K | 5,412 | 0.1% | 7 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $216.0K | 2,244 | 0.1% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $215.5K | 595 | 0.1% | 2 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $212.3K | 1,776 | 0.1% | 1 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $211.0K | 2,325 | 0.1% | 7 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $209.4K | 665 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.9% | +14.8% | -5.9% | 98% |
| Q1 2026 | -1.9% | -4.6% | +2.7% | 98% |
| Q4 2025 | +1.1% | +2.4% | -1.3% | 98% |
| Q3 2025 | +6.2% | +7.8% | -1.6% | 97% |
| Q2 2025 | +5.4% | +10.5% | -5.0% | 97% |
| Q1 2025 | -1.8% | -4.6% | +2.8% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $181.8M | 69 |
| Q1 2026 | $166.6M | 67 |
| Q4 2025 | $170.8M | 66 |
| Q3 2025 | $168.4M | 69 |
| Q2 2025 | $154.6M | 65 |
| Q1 2025 | $149.0M | 62 |
| Q4 2024 | $148.5M | 68 |