Latest City State Bank Stock Portfolio

City State Bank Performance:

2026 Q1: -0.63%YTD: -0.63%2025: 12.44%

Performance for 2026 Q1 is -0.63%, and YTD is -0.63%, and 2025 is 12.44%.

About City State Bank and 13F Hedge Fund Stock Holdings

On 2026-04-20, the fund reported it's updated stock portfolio. In the 13F Holdings report, City State Bank reported an equity portfolio of $385.3 Millions as of 31 Mar, 2026.

The top stock holdings of City State Bank are DFAC, AAPL, BIV. The fund has invested 4% of it's portfolio in DIMENSIONAL ETF TRUST CORE FIXED INCOME and 3.9% of portfolio in APPLE INC ORDINARY SHARES.

The fund managers got completely rid off FIDELITY WISE ORIGIN BITCOIN FUND BENEFICIAL INTEREST, WINMARK CORPORATION ORDINARY SHARES (WINA) and AMCOR PLC ORDINARY SHARES (AMCR) stocks. They significantly reduced their stock positions in DEVON ENERGY CORP. ORDINARY SHARES (DVN), FREEPORT-MCMORAN INC ORDINARY SHARES (FCX) and SYSCO CORP. (SYY). City State Bank opened new stock positions in AMCOR PLC ORDINARY SHARES (AMCR), CORE SCIENTIFIC INC ORDINARY SHARES - NEW and FIRST MID BANCSHARES INC. ORDINARY SHARES (FMBH). The fund showed a lot of confidence in some stocks as they added substantially to T-MOBILE US INC ORDINARY SHARES (TMUS), ILLINOIS TOOL WORKS, INC. ORDINARY SHARES (ITW) and SPDR SERIES TRUST STATE STREET BLOOMBERG 1-3 MONTH T-BILL ETF (BIL).

City State Bank Annual Return Estimates Vs S&P 500

Our best estimate is that City State Bank made a return of -0.63% in the last quarter. In trailing 12 months, it's portfolio return was 12.19%.

Performance
S&P 500

New Buys

Ticker	$ Bought
amcor plc ordinary shares	179,670
core scientific inc ordinary shares - new	146,922
first mid bancshares inc. ordinary shares	126,124
hni corp. ordinary shares	120,204
waters corp. ordinary shares	56,284
global payments, inc. ordinary shares	49,802
invesco exchange-traded self-indexed fund trust bulletshares 2026 corporate bond etf	22,381
invesco exchange-traded self-indexed fund trust bulletshares 2031 corporate bond etf	22,106

New stocks bought by City State Bank

Additions

Ticker	% Inc.
t-mobile us inc ordinary shares	1,470
illinois tool works, inc. ordinary shares	1,206
vanguard world fund mega cap value etf	300
broadridge financial solutions, inc. ordinary shares	294
ishares bitcoin trust etf (the) beneficial interest	230
strata critical medical inc. ordinary shares - class a	200
blackrock inc. ordinary shares	147
strategy inc. ordinary shares - class a	92.00

Additions to existing portfolio by City State Bank

Reductions

Ticker	% Reduced
vanguard bond index funds long-term etf	-79.32
clorox co. ordinary shares	-49.02
ishares trust russell 2000 value etf	-44.3
comcast corp ordinary shares - class a	-44.17
phillips 66 ordinary shares	-39.61
west pharmaceutical services, inc. ordinary shares	-31.9
ishares trust russell 2000 growth etf	-31.00
omnicom group, inc. ordinary shares	-25.77

City State Bank reduced stake in above stock

Sold off

None of the stocks were completely sold off by City State Bank

Sector Distribution

City State Bank has about 62.6% of it's holdings in Others sector.

Sector	%
Others	62.6
Technology	11.1
Utilities	4.4
Industrials	4.4
Healthcare	3.8
Financial Services	3.6
Consumer Cyclical	3.4
Communication Services	2.6
Consumer Defensive	2.3
Energy	1.3

Market Cap. Distribution

City State Bank has about 35.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	62.5
MEGA-CAP	22.5
LARGE-CAP	12.7
MID-CAP	2.1

Stocks belong to which Index?

About 35.8% of the stocks held by City State Bank either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	64.2
S&P 500	33.4
RUSSELL 2000	2.4

Top 5 Winners (%)		%
	sandisk corp ordinary shares	91.3 %
CC	chemours company ordinary shares	86.8 %
LYB	lyondellbasell industries nv ordinary shares - class a	86.0 %
LXU	lsb industries, inc. ordinary shares	75.1 %
DOW	dow inc ordinary shares	75.1 %

Top 5 Winners ($)		$
MU	micron technology inc. ordinary shares	0.8 M
CAT	caterpiller, inc del	0.5 M
LNT	alliant energy corp. ordinary shares	0.5 M
JNJ	johnson & johnson	0.4 M
DFAC	dimensional etf trust u.s. targeted value	0.4 M

Top 5 Losers (%)		%
MNDY	monday.com ltd ordinary shares	-53.2 %
TME	tencent music entertainment group adr	-47.1 %
SNAP	snap inc ordinary shares - class a	-42.9 %
GTLB	gitlab inc ordinary shares - class a	-42.3 %
CYBN	helus pharma inc. ordinary shares	-41.5 %

Top 5 Losers ($)		$
MSFT	microsoft	-1.8 M
AAPL	apple inc ordinary shares	-1.1 M
VB	vanguard index funds growth etf	-0.6 M
GOOG	alphabet inc ordinary shares - class c	-0.5 M
AMZN	amazon.com inc. ordinary shares	-0.5 M

City State Bank Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of City State Bank

City State Bank has 783 stocks in it's portfolio. About 29.4% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. MU was the most profitable stock for City State Bank last quarter.

Last Reported on: 20 Apr, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc ordinary shares	3.86	58,610	14,874,600	reduced	-1.47

AAXJ	ishares trust 5-10 year investment grade corporate bond etf	1.56	113,210	6,025,040	added	12.11

AAXJ	ishares trust j.p. morgan usd emerging markets bond etf	0.22	9,220	866,035	reduced	-0.54

AAXJ	ishares trust preferred and income securities etf	0.14	18,465	559,859	reduced	-16.69

AAXJ	ishares trust mbs etf	0.09	3,507	332,990	unchanged	0.00

AAXJ	ishares trust u.s. aerospace & defense etf	0.05	815	178,281	unchanged	0.00

AAXJ	ishares trust international select dividend etf	0.04	4,114	175,092	unchanged	0.00

AAXJ	ishares trust morningstar mid-cap growth etf	0.04	2,148	169,198	unchanged	0.00

AAXJ	ishares trust morningstar small-cap value etf	0.04	2,196	152,644	unchanged	0.00

AAXJ	ishares trust msci eafe value etf	0.02	1,060	78,811	unchanged	0.00

AAXJ	ishares trust morningstar value etf	0.02	668	62,218	unchanged	0.00

AAXJ	ishares trust msci eafe small-cap etf	0.01	722	56,612	unchanged	0.00

AAXJ	ishares trust u.s. regional banks etf	0.01	1,050	56,532	unchanged	0.00

AAXJ	ishares trust u.s. healthcare providers etf	0.01	625	26,156	unchanged	0.00

ABBV	abbvie inc ordinary shares	0.52	9,199	2,000,690	added	3.13

ABC	cencora inc. ordinary shares	0.05	636	199,793	added	1.6

ABT	abbott labs	0.14	5,111	524,746	added	0.31

ACES	alps etf trust alerian mlp	0.01	837	44,060	reduced	-16.8

ACGL	arch capital group ltd ordinary shares	0.01	300	28,797	unchanged	0.00

ACN	accenture plc ordinary shares - class a	0.01	133	26,373	added	1.53