Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by West Bancorporation Inc to the U.S. Securities and Exchange Commission. The reporting period covers holdings as of December 31, 2023. The document details the issuer's equity securities held at the end of the quarter, including common stocks and exchange-traded funds (ETFs).
Key Financial Metrics and Holdings
The filing provides a snapshot of the portfolio's composition rather than the company's operational financials (revenue, profit, cash flow). Key metrics derived from the table include:
- Total Portfolio Value: The filing lists individual security values but does not explicitly state a total aggregate portfolio value in the text provided.
- Largest Single Holding: West Bancorporation Inc (Self-Holding) with a value of $9,441,356 (445,347 shares).
- Top External Equity Holdings:
- Apple Inc: $3,071,816
- Microsoft Corp: $4,109,741
- Amazon.com Inc: $658,812
- Alphabet Inc (Class C): $906,180
- Top ETF Holdings:
- SPDR S&P 500 ETF Trust: $5,964,665
- ISHARES Russell 1000 Growth ETF: $10,911,391
- ISHARES Russell Midcap ETF: $9,422,508
- Russell 1000 Value Ishare ETF: $9,839,977
- Voting Authority: The issuer reported Sole voting authority for all listed securities.
Material Changes Versus Prior Period
The filing text provided contains only the snapshot of holdings for the period ending December 31, 2023. It does not provide comparative data for the prior quarter (September 30, 2023) or year-over-year changes. Therefore, material changes in position size, new acquisitions, or divestitures cannot be determined from this document alone.
Guidance, Outlook, and Risks
As a Form 13F, this document is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness.
Important Facts for Investor Verification
- Self-Holding Significance: The largest single position is the company's own stock (West Bancorporation Inc), valued at approximately $9.4 million. Investors should verify if this represents treasury stock, employee compensation plans, or other internal holdings.
- ETF Concentration: A significant portion of the portfolio is allocated to broad market and factor-based ETFs (e.g., Russell 1000 Growth, Russell Midcap, S&P 500), suggesting a passive or index-tracking strategy for a large segment of assets.
- Missing Aggregate Data: The total value of the managed portfolio is not explicitly summed in the text; investors must aggregate the "Value" column to determine total assets under management for this filing.
- No Operational Data: This filing does not reflect West Bancorporation's banking operations, loan portfolio, or net interest margin; it only reflects its investment portfolio.