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, 2020. The document discloses the company's holdings of 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: 43,887 shares valued at $695,000.
- American Equity Investment Life Holding Co: 212,238 shares valued at $4,667,000.
- Apple Inc: 12,411 shares valued at $1,437,000.
- Microsoft Corp: 6,018 shares valued at $1,266,000.
- Home Depot Inc: 3,367 shares valued at $935,000.
- Top ETF Holdings (by Value):
- Vanguard FTSE Developed Markets ETF: 156,049 shares valued at $6,382,000.
- ISHARES Russell 1000 Growth ETF: 37,629 shares valued at $8,161,000.
- ISHARES Russell Midcap ETF: 134,821 shares valued at $7,736,000.
- Russell 1000 Value Ishare ETF: 51,826 shares valued at $6,122,000.
- Voting Authority: West Bancorporation reported Sole voting authority for all listed positions. No shared or none voting authority was reported.
Material Changes and Comparisons
The filing text does not provide a clear value for material changes versus the prior comparable period. Form 13F filings are static snapshots of holdings at the end of the quarter and do not inherently contain comparative data against the previous quarter's holdings within the text provided.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. Form 13F is a regulatory disclosure of holdings and does not include narrative sections regarding future performance or risk factors.
Important Facts for Investor Verification
- Self-Holding: West Bancorporation holds a significant position in its own stock (43,887 shares), which may indicate treasury stock management or internal investment strategies.
- Concentration in ETFs: A substantial portion of the portfolio value is allocated to broad market and sector-specific ETFs (e.g., Russell 1000, Midcap, and Developed Markets), suggesting a passive investment strategy for a large segment of assets.
- Specific Large Position: The holding of 212,238 shares of American Equity Investment Life Holding Co represents one of the largest single equity positions by share count and value in the portfolio.
- Valuation Basis: All values are reported in thousands (x$1,000) as per the column header "VALUE (x$1000)".