SEC Filing Summary: West Bancorporation Inc (Form 13F)
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 March 31, 2023. As a Form 13F, this document discloses the equity securities held by the institution at the end of the quarter and does not contain operational financial statements (e.g., revenue, profit, or cash flow) for West Bancorporation itself.
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio of equity securities and exchange-traded funds (ETFs). Key portfolio characteristics include:
- Total Holdings: The table lists 80 distinct issuers, including individual stocks and ETFs.
- Top Holdings by Value:
- West Bancorporation Inc (Self-Held): 394,215 shares valued at $7,202,308.
- Russell 1000 Value Ishare ETF: 62,812 shares valued at $9,563,755.
- ISHARES Russell Midcap ETF: 114,959 shares valued at $8,037,933.
- ISHARES Russell 1000 Growth ETF: 29,582 shares valued at $7,227,770.
- ISHARES Core S&P 500 ETF: 10,219 shares valued at $4,200,827.
- Asset Class Mix: The portfolio is heavily weighted toward broad market index funds (S&P 500, Russell 1000/2000, Mid-Cap) and dividend-focused ETFs, alongside significant positions in large-cap technology (Apple, Microsoft, Alphabet) and financial services (JPMorgan, Bank of America).
Note: The filing text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity for West Bancorporation Inc. These metrics are not reported in Form 13F.
Material Changes and Voting Authority
Voting Authority: For all listed securities, West Bancorporation Inc reported Sole voting authority (Column 7) with no shared or none authority. The "Investment Discretion" column indicates the manager had discretion over the purchase and sale of these securities.
Comparison to Prior Period: This filing is a snapshot of holdings as of March 31, 2023. The provided text does not contain data for the prior quarter (December 31, 2022); therefore, material changes in position size or new entries cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies regarding the company's operations are disclosed in this document.
Important Facts for Investor Verification
- Self-Holding: West Bancorporation Inc holds a significant position in its own stock (394,215 shares, ~$7.2M) as of the reporting date.
- Passive Strategy: The portfolio is dominated by passive index funds (iShares, Vanguard, SPDR), suggesting a strategy focused on broad market exposure rather than active stock picking for the majority of assets.
- Concentration: The top 5 holdings by value represent a substantial portion of the reported portfolio, heavily weighted toward value and mid-cap equity indices.
- Data Limitation: Investors seeking financial performance metrics (earnings, deposits, loan growth) must refer to the company's Form 10-Q or 10-K filings, as this document only lists equity holdings.