CITY STATE BANK

Filed: 10/16/2025ACC: 0001910666-25-000007

📋 What this filing means

CITY STATE BANK filed this quarterly 13F‑HR report disclosing 742 equity positions with a total reported market value of $346.18M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

742

Positions

$346.18M

Total AUM (reported)

4.06M

Total Shares

Allocation by class

COM$118.29M34.2%

INTERMED TERM$13.32M3.8%

CORE FIXED INCOM$12.65M3.7%

SHORT TRM BOND$9.89M2.9%

DIV APP ETF$8.80M2.5%

SHORT DURATION F$8.25M2.4%

HIGH DIV YLD$8.21M2.4%

Portfolio Concentration

Top 3$41.16M11.9%

4–10$57.60M16.6%

11–25$79.46M23.0%

Rest$167.95M48.5%

Top 3 weight

11.9%

Top 10 weight

28.5%

Voting Authority Distribution

Total shares with voting rights: 4.06M

Sole

Full voting authority

4.06M

% 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)

Sole742

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings742

Rows:

Apple Inc Ordinary Shares

SOLE

COM

Shares59.68K

TypeSH

Market value$15.20M

4.39%

Sole

59.68K

Shared

0.00

None

0.00

Vanguard Group, Inc. Intermediate-Term Bond Etf

SOLE

INTERMED TERM

Shares170.53K

TypeSH

Market value$13.32M

3.85%

Sole

170.53K

Shared

0.00

None

0.00

Dimensional Etf Trust Core Fixed Income

SOLE

CORE FIXED INCOM

Shares295.79K

TypeSH

Market value$12.65M

3.65%

Sole

295.79K

Shared

0.00

None

0.00

Vanguard Group, Inc. Short-Term Bond Etf

SOLE

SHORT TRM BOND

Shares125.33K

TypeSH

Market value$9.89M

2.86%

Sole

125.33K

Shared

0.00

None

0.00

Vanguard Group, Inc. Dividend Appreciation Ftf

SOLE

DIV APP ETF

Shares40.79K

TypeSH

Market value$8.80M

2.54%

Sole

40.79K

Shared

0.00

None

0.00

Dimensional Etf Trust Short-Duration Fixed Income

SOLE

SHORT DURATION F

Shares171.29K

TypeSH

Market value$8.25M

2.38%

Sole

171.29K

Shared

0.00

None

0.00

Vanguard High Dividend Yield Etf

SOLE

HIGH DIV YLD

Shares58.26K

TypeSH

Market value$8.21M

2.37%

Sole

58.26K

Shared

0.00

None

0.00

Microsoft

SOLE

COM

Shares15.28K

TypeSH

Market value$7.91M

2.29%

Sole

15.28K

Shared

0.00

None

0.00

Vanguard Total Bond Market Etf

SOLE

TOTAL BND MRKT

Shares98.27K

TypeSH

Market value$7.31M

2.11%

Sole

98.27K

Shared

0.00

None

0.00

Vanguard Group, Inc. Emerging Markets Government Bond Etf

SOLE

EM MK GOV BD ETF

Shares107.91K

TypeSH

Market value$7.22M

2.09%

Sole

107.91K

Shared

0.00

None

0.00

Berkshire Hathaway Inc. Ordinary Shares - Class B

SOLE

CL B NEW

Shares13.78K

TypeSH

Market value$6.93M

2.00%

Sole

13.78K

Shared

0.00

None

0.00

Nvidia Corp Ordinary Shares

SOLE

COM

Shares37.02K

TypeSH

Market value$6.91M

2.00%

Sole

37.02K

Shared

0.00

None

0.00

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

SOLE

CORE US AGGBD ET

Shares67.57K

TypeSH

Market value$6.77M

1.96%

Sole

67.57K

Shared

0.00

None

0.00

Dimensional Etf Trust U.S. Targeted Value

SOLE

US TARGETED VLU

Shares114.40K

TypeSH

Market value$6.66M

1.92%

Sole

114.40K

Shared

0.00

None

0.00

Vanguard Group, Inc. Total International Bond Etf

SOLE

TOTAL INT BD ETF

Shares132.68K

TypeSH

Market value$6.56M

1.90%

Sole

132.68K

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

Shares59.74K

TypeSH

Market value$6.18M

1.78%

Sole

59.74K

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

Shares96.76K

TypeSH

Market value$5.23M

1.51%

Sole

96.76K

Shared

0.00

None

0.00

Vanguard Group, Inc. Growth Etf

SOLE

GROWTH ETF

Shares10.81K

TypeSH

Market value$5.18M

1.50%

Sole

10.81K

Shared

0.00

None

0.00

Alphabet Inc Ordinary Shares - Class C

SOLE

CAP STK CL C

Shares20.39K

TypeSH

Market value$4.97M

1.43%

Sole

20.39K

Shared

0.00

None

0.00

Alliant Energy Corp. Ordinary Shares

SOLE

COM

Shares72K

TypeSH

Market value$4.85M

1.40%

Sole

72K

Shared

0.00

None

0.00

Amazon.com Inc. Ordinary Shares

SOLE

COM

Shares19.63K

TypeSH

Market value$4.31M

1.25%

Sole

19.63K

Shared

0.00

None

0.00

Spdr Series Trust Bloomberg Emerging Markets Local Bond Etf

SOLE

BLOOMBERG EMERGI

Shares192.19K

TypeSH

Market value$4.11M

1.19%

Sole

192.19K

Shared

0.00

None

0.00

Vanguard Group, Inc. Value Etf

SOLE

VALUE ETF

Shares21.43K

TypeSH

Market value$4.00M

1.15%

Sole

21.43K

Shared

0.00

None

0.00

Vanguard Group, Inc. Financials Etf

SOLE

FINANCIALS ETF

Shares26.94K

TypeSH

Market value$3.54M

1.02%

Sole

26.94K

Shared

0.00

None

0.00

Vanguard Group, Inc. Mid-Cap Etf

SOLE

MID CAP ETF

Shares11.15K

TypeSH

Market value$3.28M

0.95%

Sole

11.15K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Apple Inc Ordinary SharesSOLE	COM	59.68K	SH	$15.20M 4.39%	59.68K
Vanguard Group, Inc. Intermediate-Term Bond EtfSOLE	INTERMED TERM	170.53K	SH	$13.32M 3.85%	170.53K
Dimensional Etf Trust Core Fixed IncomeSOLE	CORE FIXED INCOM	295.79K	SH	$12.65M 3.65%	295.79K
Vanguard Group, Inc. Short-Term Bond EtfSOLE	SHORT TRM BOND	125.33K	SH	$9.89M 2.86%	125.33K
Vanguard Group, Inc. Dividend Appreciation FtfSOLE	DIV APP ETF	40.79K	SH	$8.80M 2.54%	40.79K
Dimensional Etf Trust Short-Duration Fixed IncomeSOLE	SHORT DURATION F	171.29K	SH	$8.25M 2.38%	171.29K
Vanguard High Dividend Yield EtfSOLE	HIGH DIV YLD	58.26K	SH	$8.21M 2.37%	58.26K
MicrosoftSOLE	COM	15.28K	SH	$7.91M 2.29%	15.28K
Vanguard Total Bond Market EtfSOLE	TOTAL BND MRKT	98.27K	SH	$7.31M 2.11%	98.27K
Vanguard Group, Inc. Emerging Markets Government Bond EtfSOLE	EM MK GOV BD ETF	107.91K	SH	$7.22M 2.09%	107.91K
Berkshire Hathaway Inc. Ordinary Shares - Class BSOLE	CL B NEW	13.78K	SH	$6.93M 2.00%	13.78K
Nvidia Corp Ordinary SharesSOLE	COM	37.02K	SH	$6.91M 2.00%	37.02K
Blackrock Institutional Trust Company N.A. Ishares Core U.S. Aggregate Bond EtfSOLE	CORE US AGGBD ET	67.57K	SH	$6.77M 1.96%	67.57K
Dimensional Etf Trust U.S. Targeted ValueSOLE	US TARGETED VLU	114.40K	SH	$6.66M 1.92%	114.40K
Vanguard Group, Inc. Total International Bond EtfSOLE	TOTAL INT BD ETF	132.68K	SH	$6.56M 1.90%	132.68K
Blackrock Institutional Trust Company N.A. Ishares 0-5 Year Tips Bond EtfSOLE	0-5 YR TIPS ETF	59.74K	SH	$6.18M 1.78%	59.74K
Blackrock Institutional Trust Company N.A. Ishares 5-10 Year Investment Grade Corporate Bond EtfSOLE	ISHS 5-10YR INVT	96.76K	SH	$5.23M 1.51%	96.76K
Vanguard Group, Inc. Growth EtfSOLE	GROWTH ETF	10.81K	SH	$5.18M 1.50%	10.81K
Alphabet Inc Ordinary Shares - Class CSOLE	CAP STK CL C	20.39K	SH	$4.97M 1.43%	20.39K
Alliant Energy Corp. Ordinary SharesSOLE	COM	72K	SH	$4.85M 1.40%	72K
Amazon.com Inc. Ordinary SharesSOLE	COM	19.63K	SH	$4.31M 1.25%	19.63K
Spdr Series Trust Bloomberg Emerging Markets Local Bond EtfSOLE	BLOOMBERG EMERGI	192.19K	SH	$4.11M 1.19%	192.19K
Vanguard Group, Inc. Value EtfSOLE	VALUE ETF	21.43K	SH	$4.00M 1.15%	21.43K
Vanguard Group, Inc. Financials EtfSOLE	FINANCIALS ETF	26.94K	SH	$3.54M 1.02%	26.94K
Vanguard Group, Inc. Mid-Cap EtfSOLE	MID CAP ETF	11.15K	SH	$3.28M 0.95%	11.15K

Page 1 of 30

…