CITY STATE BANK

Filed: 7/31/2025ACC: 0001910666-25-000005

📋 What this filing means

CITY STATE BANK filed this quarterly 13F‑HR report disclosing 748 equity positions with a total reported market value of $319.00M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

748

Positions

$319.00M

Total AUM (reported)

3.92M

Total Shares

Allocation by class

COM$109.16M34.2%

INTERMED TERM$12.08M3.8%

CORE FIXED INCOM$11.69M3.7%

SHORT TRM BOND$9.32M2.9%

DIV APP ETF$7.97M2.5%

TOTAL BND MRKT$7.69M2.4%

HIGH DIV YLD$7.52M2.4%

Portfolio Concentration

Top 3$35.80M11.2%

4–10$54.04M16.9%

11–25$74.17M23.3%

Rest$154.99M48.6%

Top 3 weight

11.2%

Top 10 weight

28.2%

Voting Authority Distribution

Total shares with voting rights: 3.92M

Sole

Full voting authority

3.92M

% 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)

Sole748

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings748

Rows:

Vanguard Group, Inc. Intermediate-Term Bond Etf

SOLE

INTERMED TERM

Shares156.25K

TypeSH

Market value$12.08M

3.79%

Sole

156.25K

Shared

0.00

None

0.00

Apple Inc Ordinary Shares

SOLE

COM

Shares58.65K

TypeSH

Market value$12.03M

3.77%

Sole

58.65K

Shared

0.00

None

0.00

Dimensional Etf Trust Core Fixed Income

SOLE

CORE FIXED INCOM

Shares276.52K

TypeSH

Market value$11.69M

3.66%

Sole

276.52K

Shared

0.00

None

0.00

Vanguard Group, Inc. Short-Term Bond Etf

SOLE

SHORT TRM BOND

Shares118.48K

TypeSH

Market value$9.32M

2.92%

Sole

118.48K

Shared

0.00

None

0.00

Vanguard Group, Inc. Dividend Appreciation Ftf

SOLE

DIV APP ETF

Shares38.94K

TypeSH

Market value$7.97M

2.50%

Sole

38.94K

Shared

0.00

None

0.00

Vanguard Total Bond Market Etf

SOLE

TOTAL BND MRKT

Shares104.42K

TypeSH

Market value$7.69M

2.41%

Sole

104.42K

Shared

0.00

None

0.00

Microsoft

SOLE

COM

Shares15.14K

TypeSH

Market value$7.53M

2.36%

Sole

15.14K

Shared

0.00

None

0.00

Vanguard High Dividend Yield Etf

SOLE

HIGH DIV YLD

Shares56.42K

TypeSH

Market value$7.52M

2.36%

Sole

56.42K

Shared

0.00

None

0.00

Vanguard Group, Inc. Emerging Markets Government Bond Etf

SOLE

EM MK GOV BD ETF

Shares108.10K

TypeSH

Market value$7.06M

2.21%

Sole

108.10K

Shared

0.00

None

0.00

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

SOLE

CORE US AGGBD ET

Shares69.94K

TypeSH

Market value$6.94M

2.18%

Sole

69.94K

Shared

0.00

None

0.00

Vanguard Group, Inc. Total International Bond Etf

SOLE

TOTAL INT BD ETF

Shares139.85K

TypeSH

Market value$6.92M

2.17%

Sole

139.85K

Shared

0.00

None

0.00

Dimensional Etf Trust Short-Duration Fixed Income

SOLE

SHORT DURATION F

Shares140.44K

TypeSH

Market value$6.74M

2.11%

Sole

140.44K

Shared

0.00

None

0.00

Berkshire Hathaway Inc. Ordinary Shares - Class B

SOLE

CL B NEW

Shares13.82K

TypeSH

Market value$6.72M

2.11%

Sole

13.82K

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

Shares62.47K

TypeSH

Market value$6.43M

2.02%

Sole

62.47K

Shared

0.00

None

0.00

Nvidia Corp Ordinary Shares

SOLE

COM

Shares36.94K

TypeSH

Market value$5.84M

1.83%

Sole

36.94K

Shared

0.00

None

0.00

Dimensional Etf Trust U.S. Targeted Value

SOLE

US TARGETED VLU

Shares106.89K

TypeSH

Market value$5.77M

1.81%

Sole

106.89K

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

Shares86.11K

TypeSH

Market value$4.59M

1.44%

Sole

86.11K

Shared

0.00

None

0.00

Vanguard Group, Inc. Growth Etf

SOLE

GROWTH ETF

Shares10.27K

TypeSH

Market value$4.50M

1.41%

Sole

10.27K

Shared

0.00

None

0.00

Spdr Series Trust Bloomberg Emerging Markets Local Bond Etf

SOLE

BLOOMBERG EMERGI

Shares205.41K

TypeSH

Market value$4.40M

1.38%

Sole

205.41K

Shared

0.00

None

0.00

Alliant Energy Corp. Ordinary Shares

SOLE

COM

Shares72.39K

TypeSH

Market value$4.38M

1.37%

Sole

72.39K

Shared

0.00

None

0.00

Amazon.com Inc. Ordinary Shares

SOLE

COM

Shares19.11K

TypeSH

Market value$4.19M

1.31%

Sole

19.11K

Shared

0.00

None

0.00

Vanguard Group, Inc. Value Etf

SOLE

VALUE ETF

Shares21.11K

TypeSH

Market value$3.73M

1.17%

Sole

21.11K

Shared

0.00

None

0.00

Vanguard Group, Inc. Financials Etf

SOLE

FINANCIALS ETF

Shares27.80K

TypeSH

Market value$3.54M

1.11%

Sole

27.80K

Shared

0.00

None

0.00

Alphabet Inc Ordinary Shares - Class C

SOLE

CAP STK CL C

Shares18.17K

TypeSH

Market value$3.22M

1.01%

Sole

18.17K

Shared

0.00

None

0.00

Vanguard Group, Inc. Mid-Cap Etf

SOLE

MID CAP ETF

Shares11.44K

TypeSH

Market value$3.20M

1.00%

Sole

11.44K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Vanguard Group, Inc. Intermediate-Term Bond EtfSOLE	INTERMED TERM	156.25K	SH	$12.08M 3.79%	156.25K
Apple Inc Ordinary SharesSOLE	COM	58.65K	SH	$12.03M 3.77%	58.65K
Dimensional Etf Trust Core Fixed IncomeSOLE	CORE FIXED INCOM	276.52K	SH	$11.69M 3.66%	276.52K
Vanguard Group, Inc. Short-Term Bond EtfSOLE	SHORT TRM BOND	118.48K	SH	$9.32M 2.92%	118.48K
Vanguard Group, Inc. Dividend Appreciation FtfSOLE	DIV APP ETF	38.94K	SH	$7.97M 2.50%	38.94K
Vanguard Total Bond Market EtfSOLE	TOTAL BND MRKT	104.42K	SH	$7.69M 2.41%	104.42K
MicrosoftSOLE	COM	15.14K	SH	$7.53M 2.36%	15.14K
Vanguard High Dividend Yield EtfSOLE	HIGH DIV YLD	56.42K	SH	$7.52M 2.36%	56.42K
Vanguard Group, Inc. Emerging Markets Government Bond EtfSOLE	EM MK GOV BD ETF	108.10K	SH	$7.06M 2.21%	108.10K
Blackrock Institutional Trust Company N.A. Ishares Core U.S. Aggregate Bond EtfSOLE	CORE US AGGBD ET	69.94K	SH	$6.94M 2.18%	69.94K
Vanguard Group, Inc. Total International Bond EtfSOLE	TOTAL INT BD ETF	139.85K	SH	$6.92M 2.17%	139.85K
Dimensional Etf Trust Short-Duration Fixed IncomeSOLE	SHORT DURATION F	140.44K	SH	$6.74M 2.11%	140.44K
Berkshire Hathaway Inc. Ordinary Shares - Class BSOLE	CL B NEW	13.82K	SH	$6.72M 2.11%	13.82K
Blackrock Institutional Trust Company N.A. Ishares 0-5 Year Tips Bond EtfSOLE	0-5 YR TIPS ETF	62.47K	SH	$6.43M 2.02%	62.47K
Nvidia Corp Ordinary SharesSOLE	COM	36.94K	SH	$5.84M 1.83%	36.94K
Dimensional Etf Trust U.S. Targeted ValueSOLE	US TARGETED VLU	106.89K	SH	$5.77M 1.81%	106.89K
Blackrock Institutional Trust Company N.A. Ishares 5-10 Year Investment Grade Corporate Bond EtfSOLE	ISHS 5-10YR INVT	86.11K	SH	$4.59M 1.44%	86.11K
Vanguard Group, Inc. Growth EtfSOLE	GROWTH ETF	10.27K	SH	$4.50M 1.41%	10.27K
Spdr Series Trust Bloomberg Emerging Markets Local Bond EtfSOLE	BLOOMBERG EMERGI	205.41K	SH	$4.40M 1.38%	205.41K
Alliant Energy Corp. Ordinary SharesSOLE	COM	72.39K	SH	$4.38M 1.37%	72.39K
Amazon.com Inc. Ordinary SharesSOLE	COM	19.11K	SH	$4.19M 1.31%	19.11K
Vanguard Group, Inc. Value EtfSOLE	VALUE ETF	21.11K	SH	$3.73M 1.17%	21.11K
Vanguard Group, Inc. Financials EtfSOLE	FINANCIALS ETF	27.80K	SH	$3.54M 1.11%	27.80K
Alphabet Inc Ordinary Shares - Class CSOLE	CAP STK CL C	18.17K	SH	$3.22M 1.01%	18.17K
Vanguard Group, Inc. Mid-Cap EtfSOLE	MID CAP ETF	11.44K	SH	$3.20M 1.00%	11.44K

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