Q2 2026 13F · SEC CIK 1369913

American Investment Services, Inc.

Wealth managerFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $473.3M
Reported positions: 133
Top holdings a year, 3 yrs: +21.6%
Assets under management: $1.1B

American Investment Services, Inc. is a wealth manager that reported 133 positions worth $473.3M in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were World Gold Tr (GLDM, 8.2%), Vanguard Indx Fd (VUG, 8.2%), Dimensional U.s. Marketwide Val (DFUV, 5.5%). A portfolio copying its top holdings returned 21.6% a year over the last 3 years, against 20.4% for the S&P 500.

American Investment Services, Inc. holdings largest 50 of 133 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

American Investment Services, Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
GLDMWorld Gold Tr	8.2%	9.7%	491,625	+4.7%	$39.0M
VUGVanguard Indx Fd	8.2%	7.7%	451,625	+469.4%	$38.9M
DFUVDimensional U.s. Marketwide Val	5.5%	5.2%	474,682	-1.2%	$26.1M
VYMIVanguard International High Dividend Yie	4.3%	4.6%	206,897	-4.8%	$20.3M
DFASDimensional ETF Trust	3.2%	2.8%	183,701	+2.5%	$15.1M
DFICDfa Dimensional Intl Core Equit	3.2%	3.2%	403,790	+1.6%	$15.0M
DFUSDimensional ETF Trust	3.1%	2.7%	181,888	+4.9%	$14.9M
VTVVanguard Value ETF	2.8%	2.6%	60,000	-0.1%	$13.1M
DFGRDimensional ETF Trust	2.4%	2.1%	386,559	+7.8%	$11.2M
DFEMDimensional	2.3%	2.1%	269,464	-0.0%	$11.0M
VPUVanguard World Fd	2.3%	2.4%	55,147	+3.5%	$10.8M
DFATDimensional U.s. Targeted Value	2.1%	2.0%	142,440	-0.2%	$10.0M
VSDMVanguard Mun Bd Fds	2.1%	2.0%	128,709	+10.5%	$9.9M
CVXChevron Corp New	2.0%	2.6%	56,711	-0.8%	$9.4M
MRKMerck & Co. Inc	2.0%	1.8%	72,201	+8.6%	$9.3M
DFAWDimensional ETF Trust	1.9%	1.9%	110,004	-3.1%	$9.1M
DFAXDimensional World Ex U.s. Core	1.9%	1.8%	247,021	+6.3%	$9.1M
VEAVanguard Tax-Managed Fds	1.9%	1.8%	123,861	-1.7%	$8.8M
VZVerizon Communications Inc Com	1.8%	2.1%	205,596	+8.2%	$8.7M
VBRVanguard Small Cap Value ETF	1.6%	1.5%	30,374	-1.4%	$7.4M
VNQVanguard Real Estate ETF	1.5%	1.4%	71,580	+0.3%	$6.9M
IAUIshares Gold Trust	1.4%	1.8%	89,415	-1.9%	$6.8M
VBVanguard Indx Fd	1.4%	1.5%	22,163	-12.6%	$6.7M
DFSVDfa U.s. Small Cap Value ETF	1.3%	1.2%	155,852	+0.6%	$6.0M
VOOVanguard S&p 500 ETF	1.3%	1.1%	8,694	+1.0%	$6.0M
DFLVDimensional ETF Trust	1.1%	1.0%	136,747	+5.1%	$5.4M
DFNMDimensional ETF Trust	1.0%	1.0%	98,541	+0.5%	$4.8M
SCHOSchwab Short-Term U.S. Treasury ETF	0.9%	1.0%	184,987	+2.3%	$4.5M
AMGNAmgen Inc Com	0.9%	1.1%	12,224	-12.6%	$4.4M
SHVIshares Tr	0.9%	1.3%	39,336	-23.0%	$4.3M
VTEBVanguard Tx Ex Bd	0.9%	0.9%	82,194	+0.6%	$4.2M
VWOVanguard Intl Equity Index F	0.8%	0.8%	65,771	-6.2%	$3.9M
SPDWSPDR Portfolio Developed World	0.8%	0.8%	72,183	-2.2%	$3.6M
JNJJohnson & Johnson	0.8%	1.2%	14,085	-36.4%	$3.6M
SPYVSpdr Series Trust	0.7%	0.7%	58,237	-0.7%	$3.5M
VCITVanguard Scottsdale Fds	0.7%	0.7%	38,787	+0.7%	$3.2M
SCHBSchwb US Broad	0.6%	0.6%	102,887	+0.0%	$3.0M
BRK-BBerkshire Hathaway Inc Del	0.6%	0.6%	5,677	+0.0%	$2.8M
SPLGSpdr Series Trust	0.6%	0.6%	32,000	-0.9%	$2.8M
SCHASchwab U.s. Small-Cap ETF	0.6%	0.5%	75,428	-1.2%	$2.7M
SHYiShs Lehman 1-3Tsy	0.6%	0.6%	33,084	-2.2%	$2.7M
VGSHVanguard Short-Term Treasury ETF Total	0.6%	0.7%	46,009	-8.4%	$2.7M
BSVVanguard Bd Index Fds Vanguard Short Ter	0.5%	0.6%	33,262	+3.0%	$2.6M
DFAIDimensional International Core Equity Ma	0.5%	0.6%	61,801	-13.5%	$2.5M
SCHXSchwab Stratgc Tr	0.5%	0.5%	85,125	+0.0%	$2.5M
VTIVanguard Index Fds	0.5%	0.5%	6,612	-3.2%	$2.4M
DFSDDimensional ETF Trust	0.5%	0.4%	47,901	+23.2%	$2.3M
IVWIshares	0.5%	—	16,072	—	$2.2M
DFAUDimensional US Core Equity Market ETF	0.4%	—	40,412	—	$2.1M
VVVanguard Inx Lrg	0.4%	—	5,955	—	$2.0M

What American Investment Services, Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

VUG Vanguard Indx Fd+469.4% shares
DFSD Dimensional ETF Trust+23.2% shares
VSDM Vanguard Mun Bd Fds+10.5% shares
MRK Merck & Co. Inc+8.6% shares
VZ Verizon Communications Inc Com+8.2% shares
DFGR Dimensional ETF Trust+7.8% shares
DFAX Dimensional World Ex U.s. Core+6.3% shares
DFLV Dimensional ETF Trust+5.1% shares

Reduced

JNJ Johnson & Johnson-36.4% shares
SHV Ishares Tr-23.0% shares
DFAI Dimensional International Core Equity Ma-13.5% shares
AMGN Amgen Inc Com-12.6% shares
VB Vanguard Indx Fd-12.6% shares
VGSH Vanguard Short-Term Treasury ETF Total-8.4% shares
VWO Vanguard Intl Equity Index F-6.2% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +24.7% /yr; S&P 500 +20.1%
3 years: +21.6% /yr; S&P 500 +20.4%
5 years: +12.6% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$473.3M	133
Q1 2026	$448.3M	132
Q4 2025	$430.9M	129
Q3 2025	$416.2M	134
Q2 2025	$391.8M	133
Q1 2025	$568.1M	157
Q4 2024	$565.0M	157
Q3 2024	$598.7M	157
Q2 2024	$564.7M	156
Q1 2024	$564.2M	155
Q4 2023	$530.4M	146
Q3 2023	$468.2M	134

Questions about American Investment Services, Inc.'s portfolio

What stocks does American Investment Services, Inc. own?

American Investment Services, Inc.'s latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 133 positions worth $473.3M. The largest are World Gold Tr (GLDM) at 8.2%, Vanguard Indx Fd (VUG) at 8.2%, Dimensional U.s. Marketwide Val (DFUV) at 5.5%, Vanguard International High Dividend Yie (VYMI) at 4.3% and Dimensional ETF Trust (DFAS) at 3.2%.

What did American Investment Services, Inc. buy last quarter?

In Q2 2026, American Investment Services, Inc. added Vanguard Indx Fd (VUG) (+469.4% shares), Dimensional ETF Trust (DFSD) (+23.2% shares) and Vanguard Mun Bd Fds (VSDM) (+10.5% shares), compared with its Q1 2026 filing.

What did American Investment Services, Inc. sell last quarter?

In Q2 2026, American Investment Services, Inc. cut from its top 50 Ishares Tr (AGG), cut from its top 50 Dimensional ETF Trust (DFGP), cut from its top 50 Dimensional ETF Trust (DFIV), Johnson & Johnson (JNJ) (-36.4% shares), Ishares Tr (SHV) (-23.0% shares) and Dimensional International Core Equity Ma (DFAI) (-13.5% shares), compared with its Q1 2026 filing.

How has American Investment Services, Inc.'s portfolio performed?

A portfolio copying American Investment Services, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +21.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +24.7% against +20.1%. Over 5 years: +12.6% a year against +11.6%.

When is American Investment Services, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. American Investment Services, Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does American Investment Services, Inc. manage?

American Investment Services, Inc. reported $1.1B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $473.3M.