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 for the reporting period ending December 31, 2019. The document discloses the company's holdings in equity securities, including common stocks, exchange-traded funds (ETFs), and closed-end funds, as required by the Securities and Exchange Commission.
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio of investment securities. Key metrics derived from the table include:
- Total Holdings: The portfolio consists of over 200 distinct issuers, including individual equities and various ETFs.
- Top Equity Holdings (by Value):
- West Bancorporation Inc (Own Stock): 44,357 shares valued at $1,137,000.
- IShares Russell Midcap ETF: 133,739 shares valued at $7,974,000.
- IShares Russell 1000 Growth ETF: 39,840 shares valued at $7,009,000.
- Russell 1000 Value Ishare ETF: 52,181 shares valued at $7,122,000.
- IShares MSCI EAFE Index Fd ETF: 26,896 shares valued at $1,868,000.
- Top Individual Stock Holdings (by Value):
- Honeywell International Inc: 4,651 shares valued at $823,000.
- Pfizer Inc: 20,184 shares valued at $791,000.
- Microsoft Corp: 5,919 shares valued at $933,000.
- Merck & Co Inc: 7,105 shares valued at $646,000.
- Asset Classes: Significant allocation to broad market ETFs (S&P 500, Russell 1000/2000, International) and sector-specific ETFs (Financials, Healthcare, Technology, Dividend-focused).
Material Changes Versus Prior Period
The filing text does not provide a clear value for material changes compared to the prior comparable period. Form 13F filings typically list current holdings but do not explicitly state the net change (buy/sell) from the previous quarter within the text of the information table itself without a comparative column or narrative section, which is absent here.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for management guidance, future outlook, specific risk factors, or contingencies. Form 13F is a regulatory disclosure of holdings and does not contain management commentary or forward-looking statements regarding the company's own operations or the performance of its investment portfolio.
Important Facts for Investor Verification
- Self-Holding: West Bancorporation Inc holds 44,357 shares of its own common stock (CUSIP 95123P106) valued at $1,137,000.
- Concentration in ETFs: A substantial portion of the reported value is concentrated in passive index funds, particularly IShares and Vanguard ETFs tracking the Russell Midcap, Russell 1000, and S&P 500 indices.
- Voting Authority: The filing indicates "Sole" voting authority for all listed securities, meaning West Bancorporation Inc has full discretion over voting these shares.
- Valuation Basis: All values are reported in thousands (e.g., $1,137 represents $1,137,000).
- Regulatory Disclaimer: The SEC has not reviewed the information for accuracy or completeness; investors should not assume the data is error-free.