CITY STATE BANK

Filed: 4/11/2025ACC: 0001910666-25-000002

📋 What this filing means

CITY STATE BANK filed this quarterly 13F‑HR report disclosing 752 equity positions with a total reported market value of $303.35M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

752

Positions

$303.35M

Total AUM (reported)

3.89M

Total Shares

Allocation by class

COM$102.96M33.9%

INTERMED TERM$12.18M4.0%

CORE FIXED INCOM$11.29M3.7%

SHORT TRM BOND$9.20M3.0%

TOTAL BND MRKT$7.94M2.6%

CL B NEW$7.61M2.5%

DIV APP ETF$7.46M2.5%

Portfolio Concentration

Top 3$36.55M12.0%

4–10$53.80M17.7%

11–25$68.44M22.6%

Rest$144.56M47.7%

Top 3 weight

12.0%

Top 10 weight

29.8%

Voting Authority Distribution

Total shares with voting rights: 3.89M

Sole

Full voting authority

3.89M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole752

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings752

Rows:

Apple Inc Ordinary Shares

SOLE

COM

Shares58.87K

TypeSH

Market value$13.08M

4.31%

Sole

58.87K

Shared

0.00

None

0.00

Vanguard Group, Inc. Intermediate-Term Bond Etf

SOLE

INTERMED TERM

Shares159.06K

TypeSH

Market value$12.18M

4.01%

Sole

159.06K

Shared

0.00

None

0.00

Dimensional Etf Trust Core Fixed Income

SOLE

CORE FIXED INCOM

Shares268.49K

TypeSH

Market value$11.29M

3.72%

Sole

268.49K

Shared

0.00

None

0.00

Vanguard Group, Inc. Short-Term Bond Etf

SOLE

SHORT TRM BOND

Shares117.58K

TypeSH

Market value$9.20M

3.03%

Sole

117.58K

Shared

0.00

None

0.00

Vanguard Total Bond Market Etf

SOLE

TOTAL BND MRKT

Shares108.06K

TypeSH

Market value$7.94M

2.62%

Sole

108.06K

Shared

0.00

None

0.00

Berkshire Hathaway Inc. Ordinary Shares - Class B

SOLE

CL B NEW

Shares14.29K

TypeSH

Market value$7.61M

2.51%

Sole

14.29K

Shared

0.00

None

0.00

Vanguard Group, Inc. Dividend Appreciation Ftf

SOLE

DIV APP ETF

Shares38.48K

TypeSH

Market value$7.46M

2.46%

Sole

38.48K

Shared

0.00

None

0.00

Blackrock Institutional Trust Company N.A. Ishares Core U.S. Aggregate Bond Etf

SOLE

CORE US AGGBD ET

Shares73.49K

TypeSH

Market value$7.27M

2.40%

Sole

73.49K

Shared

0.00

None

0.00

Vanguard High Dividend Yield Etf

SOLE

HIGH DIV YLD

Shares55.96K

TypeSH

Market value$7.22M

2.38%

Sole

55.96K

Shared

0.00

None

0.00

Vanguard Group, Inc. Total International Bond Etf

SOLE

TOTAL INT BD ETF

Shares145.33K

TypeSH

Market value$7.09M

2.34%

Sole

145.33K

Shared

0.00

None

0.00

Vanguard Group, Inc. Emerging Markets Government Bond Etf

SOLE

EM MK GOV BD ETF

Shares107.94K

TypeSH

Market value$6.93M

2.28%

Sole

107.94K

Shared

0.00

None

0.00

Dimensional Etf Trust Short-Duration Fixed Income

SOLE

SHORT DURATION F

Shares143.64K

TypeSH

Market value$6.83M

2.25%

Sole

143.64K

Shared

0.00

None

0.00

Blackrock Institutional Trust Company N.A. Ishares 0-5 Year Tips Bond Etf

SOLE

0-5 YR TIPS ETF

Shares64.74K

TypeSH

Market value$6.70M

2.21%

Sole

64.74K

Shared

0.00

None

0.00

Dimensional Etf Trust U.S. Targeted Value

SOLE

US TARGETED VLU

Shares107.60K

TypeSH

Market value$5.54M

1.83%

Sole

107.60K

Shared

0.00

None

0.00

Microsoft

SOLE

COM

Shares14.63K

TypeSH

Market value$5.49M

1.81%

Sole

14.63K

Shared

0.00

None

0.00

Alliant Energy Corp. Ordinary Shares

SOLE

COM

Shares71.95K

TypeSH

Market value$4.63M

1.53%

Sole

71.95K

Shared

0.00

None

0.00

Blackrock Institutional Trust Company N.A. Ishares 5-10 Year Investment Grade Corporate Bond Etf

SOLE

ISHS 5-10YR INVT

Shares84.77K

TypeSH

Market value$4.45M

1.47%

Sole

84.77K

Shared

0.00

None

0.00

Spdr Series Trust Bloomberg Emerging Markets Local Bond Etf

SOLE

BLOOMBERG EMERGI

Shares205.38K

TypeSH

Market value$4.12M

1.36%

Sole

205.38K

Shared

0.00

None

0.00

Nvidia Corp Ordinary Shares

SOLE

COM

Shares36.49K

TypeSH

Market value$3.96M

1.30%

Sole

36.49K

Shared

0.00

None

0.00

Vanguard Group, Inc. Growth Etf

SOLE

GROWTH ETF

Shares10.17K

TypeSH

Market value$3.77M

1.24%

Sole

10.17K

Shared

0.00

None

0.00

Vanguard Group, Inc. Value Etf

SOLE

VALUE ETF

Shares20.56K

TypeSH

Market value$3.55M

1.17%

Sole

20.56K

Shared

0.00

None

0.00

Vanguard Group, Inc. Financials Etf

SOLE

FINANCIALS ETF

Shares28.35K

TypeSH

Market value$3.39M

1.12%

Sole

28.35K

Shared

0.00

None

0.00

Amazon.com Inc. Ordinary Shares

SOLE

COM

Shares17.41K

TypeSH

Market value$3.31M

1.09%

Sole

17.41K

Shared

0.00

None

0.00

Vanguard Group, Inc. Mid-Cap Etf

SOLE

MID CAP ETF

Shares11.77K

TypeSH

Market value$3.04M

1.00%

Sole

11.77K

Shared

0.00

None

0.00

Alphabet Inc Ordinary Shares - Class C

SOLE

CAP STK CL C

Shares17.51K

TypeSH

Market value$2.74M

0.90%

Sole

17.51K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Apple Inc Ordinary SharesSOLE	COM	58.87K	SH	$13.08M 4.31%	58.87K
Vanguard Group, Inc. Intermediate-Term Bond EtfSOLE	INTERMED TERM	159.06K	SH	$12.18M 4.01%	159.06K
Dimensional Etf Trust Core Fixed IncomeSOLE	CORE FIXED INCOM	268.49K	SH	$11.29M 3.72%	268.49K
Vanguard Group, Inc. Short-Term Bond EtfSOLE	SHORT TRM BOND	117.58K	SH	$9.20M 3.03%	117.58K
Vanguard Total Bond Market EtfSOLE	TOTAL BND MRKT	108.06K	SH	$7.94M 2.62%	108.06K
Berkshire Hathaway Inc. Ordinary Shares - Class BSOLE	CL B NEW	14.29K	SH	$7.61M 2.51%	14.29K
Vanguard Group, Inc. Dividend Appreciation FtfSOLE	DIV APP ETF	38.48K	SH	$7.46M 2.46%	38.48K
Blackrock Institutional Trust Company N.A. Ishares Core U.S. Aggregate Bond EtfSOLE	CORE US AGGBD ET	73.49K	SH	$7.27M 2.40%	73.49K
Vanguard High Dividend Yield EtfSOLE	HIGH DIV YLD	55.96K	SH	$7.22M 2.38%	55.96K
Vanguard Group, Inc. Total International Bond EtfSOLE	TOTAL INT BD ETF	145.33K	SH	$7.09M 2.34%	145.33K
Vanguard Group, Inc. Emerging Markets Government Bond EtfSOLE	EM MK GOV BD ETF	107.94K	SH	$6.93M 2.28%	107.94K
Dimensional Etf Trust Short-Duration Fixed IncomeSOLE	SHORT DURATION F	143.64K	SH	$6.83M 2.25%	143.64K
Blackrock Institutional Trust Company N.A. Ishares 0-5 Year Tips Bond EtfSOLE	0-5 YR TIPS ETF	64.74K	SH	$6.70M 2.21%	64.74K
Dimensional Etf Trust U.S. Targeted ValueSOLE	US TARGETED VLU	107.60K	SH	$5.54M 1.83%	107.60K
MicrosoftSOLE	COM	14.63K	SH	$5.49M 1.81%	14.63K
Alliant Energy Corp. Ordinary SharesSOLE	COM	71.95K	SH	$4.63M 1.53%	71.95K
Blackrock Institutional Trust Company N.A. Ishares 5-10 Year Investment Grade Corporate Bond EtfSOLE	ISHS 5-10YR INVT	84.77K	SH	$4.45M 1.47%	84.77K
Spdr Series Trust Bloomberg Emerging Markets Local Bond EtfSOLE	BLOOMBERG EMERGI	205.38K	SH	$4.12M 1.36%	205.38K
Nvidia Corp Ordinary SharesSOLE	COM	36.49K	SH	$3.96M 1.30%	36.49K
Vanguard Group, Inc. Growth EtfSOLE	GROWTH ETF	10.17K	SH	$3.77M 1.24%	10.17K
Vanguard Group, Inc. Value EtfSOLE	VALUE ETF	20.56K	SH	$3.55M 1.17%	20.56K
Vanguard Group, Inc. Financials EtfSOLE	FINANCIALS ETF	28.35K	SH	$3.39M 1.12%	28.35K
Amazon.com Inc. Ordinary SharesSOLE	COM	17.41K	SH	$3.31M 1.09%	17.41K
Vanguard Group, Inc. Mid-Cap EtfSOLE	MID CAP ETF	11.77K	SH	$3.04M 1.00%	11.77K
Alphabet Inc Ordinary Shares - Class CSOLE	CAP STK CL C	17.51K	SH	$2.74M 0.90%	17.51K

Page 1 of 31

…