# American Investment Services, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1369913. Source: https://holderbook.com/funds/1369913-american-investment-services-inc/

- Reported value: $473.3M
- Positions: 133
- Weight of the ten largest: 43.2%
- Filed: 2026-08-12

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 |
|---|---|---|---|---|---|
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $39.0M | 491,625 | 8.2% | 18 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $38.9M | 451,625 | 8.2% | 31 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $26.1M | 474,682 | 5.5% | 17 |
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $20.3M | 206,897 | 4.3% | 23 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $15.1M | 183,701 | 3.2% | 21 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $15.0M | 403,790 | 3.2% | 17 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $14.9M | 181,888 | 3.1% | 21 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $13.1M | 60,000 | 2.8% | 31 |
| DIMENSIONAL ETF TRUST | [DFGR](https://holderbook.com/stocks/DFGR/) | $11.2M | 386,559 | 2.4% | 13 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $11.0M | 269,464 | 2.3% | 16 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $10.8M | 55,147 | 2.3% | 31 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $10.0M | 142,440 | 2.1% | 21 |
| VANGUARD MUN BD FDS | [VSDM](https://holderbook.com/stocks/VSDM/) | $9.9M | 128,709 | 2.1% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $9.4M | 56,711 | 2.0% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $9.3M | 72,201 | 2.0% | 10 |
| DIMENSIONAL ETF TRUST | [DFAW](https://holderbook.com/stocks/DFAW/) | $9.1M | 110,004 | 1.9% | 8 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $9.1M | 247,021 | 1.9% | 20 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $8.8M | 123,861 | 1.9% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $8.7M | 205,596 | 1.8% | 31 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $7.4M | 30,374 | 1.6% | 31 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $6.9M | 71,580 | 1.5% | 31 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $6.8M | 89,415 | 1.4% | 21 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $6.7M | 22,163 | 1.4% | 31 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $6.0M | 155,852 | 1.3% | 17 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $6.0M | 8,694 | 1.3% | 26 |
| DIMENSIONAL ETF TRUST | [DFLV](https://holderbook.com/stocks/DFLV/) | $5.4M | 136,747 | 1.1% | 13 |
| DIMENSIONAL ETF TRUST | [DFNM](https://holderbook.com/stocks/DFNM/) | $4.8M | 98,541 | 1.0% | 17 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $4.5M | 184,987 | 0.9% | 15 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $4.4M | 12,224 | 0.9% | 7 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $4.3M | 39,336 | 0.9% | 9 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $4.2M | 82,194 | 0.9% | 25 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $3.9M | 65,771 | 0.8% | 31 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $3.6M | 72,183 | 0.8% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.6M | 14,085 | 0.8% | 7 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $3.5M | 58,237 | 0.7% | 30 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $3.2M | 38,787 | 0.7% | 10 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $3.0M | 102,887 | 0.6% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.8M | 5,677 | 0.6% | 30 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $2.8M | 32,000 | 0.6% | 31 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $2.7M | 75,428 | 0.6% | 31 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $2.7M | 33,084 | 0.6% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $2.7M | 46,009 | 0.6% | 13 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $2.6M | 33,262 | 0.5% | 31 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $2.5M | 61,801 | 0.5% | 23 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $2.5M | 85,125 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.4M | 6,612 | 0.5% | 31 |
| DIMENSIONAL ETF TRUST | [DFSD](https://holderbook.com/stocks/DFSD/) | $2.3M | 47,901 | 0.5% | 13 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $2.2M | 16,072 | 0.5% | 31 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $2.1M | 40,412 | 0.4% | 21 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $2.0M | 5,955 | 0.4% | 28 |
| DIMENSIONAL ETF TRUST | [DFGP](https://holderbook.com/stocks/DFGP/) | $2.0M | 37,315 | 0.4% | 11 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $2.0M | 9,522 | 0.4% | 22 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.0M | 47,990 | 0.4% | 2 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $1.9M | 35,620 | 0.4% | 20 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.9M | 19,340 | 0.4% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.7M | 4,196 | 0.4% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.7M | 1,409 | 0.4% | 31 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $1.7M | 12,345 | 0.4% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.7M | 13,557 | 0.4% | 31 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $1.7M | 41,334 | 0.4% | 22 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $1.5M | 36,357 | 0.3% | 15 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.5M | 4,176 | 0.3% | 31 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $1.5M | 13,486 | 0.3% | 31 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $1.4M | 4,240 | 0.3% | 15 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $1.4M | 12,455 | 0.3% | 31 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $1.2M | 16,991 | 0.3% | 31 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $1.1M | 40,075 | 0.2% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.1M | 7,290 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $1.1M | 29,458 | 0.2% | 31 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $988.1K | 4,076 | 0.2% | 31 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $984.8K | 19,020 | 0.2% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $968.4K | 929 | 0.2% | 30 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $957.8K | 7,070 | 0.2% | 31 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $942.7K | 18,768 | 0.2% | 17 |
| VANGUARD MALVERN FDS | [VSDB](https://holderbook.com/stocks/VSDB/) | $909.4K | 11,913 | 0.2% | 3 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $870.4K | 10,000 | 0.2% | 2 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $811.8K | 6,792 | 0.2% | 11 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $791.5K | 5,337 | 0.2% | 30 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $772.6K | 5,651 | 0.2% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $753.5K | 2,302 | 0.2% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.2% | 6 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $746.4K | 997 | 0.2% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $744.2K | 2,477 | 0.2% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $673.8K | 1,803 | 0.1% | 10 |
| DIMENSIONAL ETF TRUST | [DFVX](https://holderbook.com/stocks/DFVX/) | $672.7K | 8,180 | 0.1% | 11 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $665.8K | 7,586 | 0.1% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $659.9K | 1,136 | 0.1% | 3 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $652.8K | 9,542 | 0.1% | 31 |
| DIMENSIONAL ETF TRUST | [DFAR](https://holderbook.com/stocks/DFAR/) | $626.3K | 23,943 | 0.1% | 16 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $594.0K | 2,656 | 0.1% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $586.2K | 785 | 0.1% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $581.5K | 2,010 | 0.1% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $576.0K | 7,088 | 0.1% | 3 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $560.5K | 2,033 | 0.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $545.2K | 15,663 | 0.1% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $544.7K | 1,937 | 0.1% | 31 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $544.1K | 3,030 | 0.1% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $535.0K | 3,951 | 0.1% | 31 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $531.3K | 3,248 | 0.1% | 29 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $517.6K | 1,626 | 0.1% | 31 |

## 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 | +5.8% | +14.8% | -9.0% | 100% |
| Q1 2026 | +2.8% | -4.6% | +7.5% | 100% |
| Q4 2025 | +3.4% | +2.4% | +1.0% | 100% |
| Q3 2025 | +7.0% | +7.8% | -0.8% | 100% |
| Q2 2025 | +6.4% | +10.5% | -4.1% | 100% |
| Q1 2025 | +0.4% | -4.6% | +4.9% | 100% |
| Q4 2024 | -0.9% | +2.1% | -3.1% | 100% |
| Q3 2024 | +6.9% | +5.4% | +1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $473.3M | 133 |
| Q1 2026 | $448.3M | 132 |
| Q4 2025 | $430.9M | 129 |
| Q3 2025 | $416.2M | 134 |
| Q2 2025 | $391.8M | 133 |
| Q1 2025 | $568.1M | 157 |
| Q4 2024 | $565.0M | 157 |
| Q3 2024 | $598.7M | 157 |
| Q2 2024 | $564.7M | 156 |
| Q1 2024 | $564.2M | 155 |
| Q4 2023 | $530.4M | 146 |
| Q3 2023 | $468.2M | 134 |