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 March 31, 2020. The document discloses the company's holdings in equity securities, including common stocks, exchange-traded funds (ETFs), and closed-end funds, as of the quarter end.
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio of equity investments. Key metrics derived from the table include:
- Total Holdings: The portfolio consists of over 150 distinct issuers, including individual equities and various ETFs.
- Top Equity Holdings (by Value):
- West Bancorporation Inc: 43,557 shares valued at $712,000.
- American Equity Investment Life Holding Co: 387,843 shares valued at $7,291,000.
- Caseys General Stores Inc: 8,000 shares valued at $1,060,000.
- First Trust Enhanced Equity Income Fund: 10,746 shares valued at $135,000.
- Top ETF Holdings (by Value):
- Vanguard FTSE Developed Markets ETF: 161,979 shares valued at $5,400,000.
- ISHARES Russell 1000 Growth ETF: 37,700 shares valued at $5,680,000.
- ISHARES Russell 2000 Index Fd ETF: 24,036 shares valued at $2,751,000.
- ISHARES Russell Midcap ETF: 134,679 shares valued at $5,814,000.
- Voting Authority: West Bancorporation Inc reports Sole voting authority for all listed positions.
Material Changes and Prior Period Comparison
The filing text provided contains only the snapshot of holdings as of March 31, 2020. It does not provide comparative data for the prior quarter (December 31, 2019) or year-over-year changes. Consequently, 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, financial guidance, forward-looking statements, 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
- Verify the total aggregate value of the portfolio by summing the "Value" column to assess the scale of the investment program relative to the company's balance sheet.
- Confirm the concentration risk by analyzing the percentage of the portfolio held in the top 10 positions (e.g., American Equity Investment Life Holding Co and various Russell/Vanguard ETFs).
- Review the specific holdings in "West Bancorporation Inc" (43,557 shares) to determine if this represents treasury stock, a cross-holding, or an error in reporting.
- Compare this list against the prior quarter's 13F filing to identify significant turnover or strategic shifts in asset allocation.
- Validate the "Sole" voting authority designation to ensure no shared management agreements exist for these specific assets.