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 September 30, 2022. As a Form 13F, this document discloses the equity securities held by the company (acting as an institutional investment manager) at the end of the quarter. It does not contain the company's own financial performance, revenue, or operational results.
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio of equity securities, including individual stocks and Exchange Traded Funds (ETFs). Key portfolio characteristics include:
- Total Holdings: The table lists over 200 distinct issuers.
- Top Individual Equity Holdings (by Value):
- West Bancorporation Inc: 399,166 shares valued at $8,307,000.
- American Equity Investment Life Holding Co: 402,847 shares valued at $15,022,000.
- Apple Inc: 17,896 shares valued at $2,473,000.
- Microsoft Corp: 12,729 shares valued at $2,965,000.
- Pfizer Inc: 30,936 shares valued at $1,354,000.
- Significant ETF Exposure: The portfolio holds substantial positions in broad market and sector ETFs, including:
- ISHARES Russell Midcap ETF: 119,841 shares valued at $7,448,000.
- ISHARES Russell 1000 Growth ETF: 31,522 shares valued at $6,632,000.
- Russell 1000 Value Ishare ETF: 59,283 shares valued at $8,062,000.
- Vanguard High Dividend Yield ETF: 44,973 shares valued at $4,267,000.
Note: This filing does not provide data on West Bancorporation's revenue, profit, cash flow, debt, or liquidity. Those metrics are found in the company's 10-Q or 10-K filings.
Material Changes
The filing text provided is a static snapshot of holdings as of September 30, 2022. It does not contain comparative data against the prior quarter (June 30, 2022) to determine material changes in position size or composition.
Guidance, Outlook, and Risks
Form 13F filings are strictly disclosure documents regarding holdings. They do not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Portfolio Concentration: Verify the total market value of the disclosed holdings to understand the scale of the company's investment portfolio relative to its balance sheet.
- Self-Holding: Note the significant holding of West Bancorporation's own stock (399,166 shares), which may indicate treasury stock management or specific corporate strategy.
- Operational Performance: Consult the company's 10-Q for the quarter ended September 30, 2022 for actual revenue, net income, and liquidity metrics, as this document does not provide them.
- Investment Strategy: Analyze the heavy weighting in Mid-Cap and Value ETFs to infer the investment committee's risk tolerance and market outlook for the period.