Bank & Trust Co
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 9, 2025), Bank & Trust Co reported 288 stock positions worth $122.6 million. Its top holding was Otter Tail (OTTR) at 8.1% of the portfolio, followed by Eli Lilly (LLY, 8.0%) and Microsoft (MSFT, 5.0%). Compared with Q4 2024, it opened 7 new positions, sold out of 3, added to 33 and reduced 57. The biggest buy was Verizon Communications (VZ, shares +7%) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- LITCHFIELD, IL
- CIK
- 0002026082
- Portfolio Value
- $122.6M (Q1 2025)
- SEC Filing
- 0002026082-25-000006 ↗ filed Apr 9, 2025
Holdings Value
Holdings 288 stocks · $122.6M
| OTTR Otter Tail Corp. | 8.10% | 123,472 | $9.9M | Reduce -1.5% |
| LLY Eli Lilly & Co. | 8.00% | 11,870 | $9.8M | Reduce -1.2% |
| MSFT Microsoft Corp. | 4.98% | 16,257 | $6.1M | Reduce -2.2% |
| ORI Old Republic Intl Corp. | 3.01% | 93,980 | $3.7M | Add +3.1% |
| AEE Ameren Corporation | 2.42% | 29,545 | $3.0M | Reduce -3.9% |
| WMT Walmart Inc. | 2.27% | 31,645 | $2.8M | Reduce -2.0% |
| AAPL Apple Inc. | 2.27% | 12,499 | $2.8M | Reduce -0.8% |
| DUK Duke Energy Corp. | 2.25% | 22,609 | $2.8M | Reduce -2.8% |
| ITW Illinois Tool Works | 2.06% | 10,176 | $2.5M | Reduce -2.1% |
| XOM Exxon Mobil Corp. | 2.00% | 20,625 | $2.5M | Add +4.5% |
| C Citigroup Inc. | 1.88% | 32,411 | $2.3M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 1.80% | 14,262 | $2.2M | Reduce -0.3% |
| TRV The Travelers Cos Inc. | 1.75% | 8,105 | $2.1M | Reduce -3.0% |
| ALL Allstate Corp. | 1.72% | 10,160 | $2.1M | No change |
| MCD McDonald's Corp. | 1.68% | 6,599 | $2.1M | No change |
| VZ Verizon Communications Inc. | 1.61% | 43,383 | $2.0M | Add +7.5% |
| VLO Valero Energy Corp. | 1.58% | 14,645 | $1.9M | Reduce -2.7% |
| JNJ Johnson & Johnson | 1.36% | 10,057 | $1.7M | Reduce -0.2% |
| CVX Chevron Corp. | 1.33% | 9,756 | $1.6M | Reduce -2.6% |
| CSCO Cisco Systems Inc. | 1.32% | 26,202 | $1.6M | Reduce -2.8% |
| MPC Marathon Petroleum Corp. | 1.31% | 11,061 | $1.6M | Reduce -0.8% |
| T AT&T Inc. | 1.20% | 51,837 | $1.5M | Reduce -1.6% |
| HD Home Depot Inc. | 1.13% | 3,778 | $1.4M | No change |
| AMZN Amazon.com Inc. | 1.11% | 7,175 | $1.4M | Add +0.9% |
| KO The Coca-Cola Co. | 1.09% | 18,727 | $1.3M | Reduce -1.7% |
| MCY Mercury General Corp. | 1.09% | 23,979 | $1.3M | Reduce -4.9% |
| MRK Merck & Co. Inc. | 1.07% | 14,598 | $1.3M | Reduce -4.5% |
| CAT Caterpillar Inc. | 1.06% | 3,924 | $1.3M | Add +0.6% |
| SO The Southern Co. | 1.03% | 13,784 | $1.3M | Reduce -5.4% |
| BMY Bristol-Myers Squibb Co. | 1.01% | 20,358 | $1.2M | Reduce -1.5% |
| ENB Enbridge Inc. | 1.01% | 27,806 | $1.2M | Add +9.8% |
| ABBV Abbvie Inc. | 1.00% | 5,842 | $1.2M | Reduce -1.4% |
| KEY Keycorp | 0.89% | 68,239 | $1.1M | Add +10.9% |
| WMB Williams Cos Inc. | 0.87% | 17,807 | $1.1M | No change |
| TFC Truist Financial Corp. | 0.86% | 25,655 | $1.1M | Add +15.1% |
| PFE Pfizer Inc. | 0.85% | 41,145 | $1.0M | Add +12.8% |
| WEC WEC Energy Group Inc. | 0.82% | 9,274 | $1.0M | Reduce -0.8% |
| LNT Alliant Energy Corp. | 0.82% | 15,670 | $1.0M | No change |
| PEP Pepsico Inc. | 0.82% | 6,683 | $1.0M | Add +15.5% |
| ADP Automatic Data Processing | 0.80% | 3,209 | $980K | Reduce -0.6% |
| COF Capital One Financial Corp. | 0.76% | 5,192 | $931K | Reduce -0.7% |
| PAYX Paychex Inc. | 0.74% | 5,884 | $908K | Reduce -1.3% |
| KMB Kimberly-Clark Corp. | 0.72% | 6,183 | $879K | Add +14.9% |
| PPL PPL Corp. | 0.70% | 23,789 | $859K | Reduce -1.5% |
| JPM JPMorgan Chase & Co. | 0.68% | 3,381 | $829K | No change |
| AIG American International Group | 0.67% | 9,439 | $821K | Reduce -0.7% |
| NUE Nucor Corp. | 0.65% | 6,625 | $797K | Reduce -5.4% |
| FITB Fifth Third Bancorp | 0.60% | 18,845 | $739K | Reduce -6.1% |
| RF Regions Financial Corp. | 0.59% | 33,338 | $724K | Add +21.4% |
| PG The Procter & Gamble Co. | 0.57% | 4,133 | $704K | Reduce -0.6% |
| AEP American Electric Power | 0.57% | 6,434 | $703K | Reduce -0.9% |
| SBUX Starbucks Corp. | 0.56% | 7,007 | $687K | Reduce -0.6% |
| SR Spire Inc. | 0.55% | 8,590 | $672K | Reduce -2.3% |
| NVDA Nvidia Corp. | 0.55% | 6,186 | $670K | Add +10.6% |
| GILD Gilead Sciences Inc. | 0.54% | 5,895 | $661K | Reduce -1.2% |
| ORCL Oracle Corp. | 0.52% | 4,589 | $642K | No change |
| SYY Sysco Corp. | 0.52% | 8,543 | $641K | Reduce -1.3% |
| CINF Cincinnati Financial Corp. | 0.51% | 4,268 | $630K | Reduce -7.6% |
| TXNM TXNM Energy Inc. | 0.51% | 11,668 | $624K | Reduce -4.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 1,108 | $590K | Add +1.8% |
| ADM Archer-Daniels-Midland Co. | 0.44% | 11,169 | $536K | Reduce -3.8% |
| META Meta Platforms Inc. Class A | 0.43% | 922 | $531K | Add +1.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.40% | 11,853 | $495K | No change |
| CEG Constellation Energy | 0.38% | 2,324 | $469K | No change |
| RCL Royal Caribbean Cruises Ltd. | 0.37% | 2,224 | $457K | No change |
| BTI British American Tob-SP ADR | 0.37% | 10,992 | $455K | Add +38.3% |
| PFXF Vaneck Pref Sec X-Financials | 0.35% | 25,264 | $423K | No change |
| OGE Oge Energy Corp. | 0.34% | 9,014 | $414K | No change |
| UTHR United Therapeutics Corp. | 0.33% | 1,319 | $407K | No change |
| MMM 3M Co. | 0.30% | 2,542 | $373K | No change |
| INTC Intel Corp. | 0.30% | 16,376 | $372K | Reduce -5.0% |
| DRI Darden Restaurants Inc. | 0.29% | 1,738 | $361K | No change |
| DOW Dow Inc. | 0.28% | 9,798 | $342K | Add +55.4% |
| EXC Exelon Corp. | 0.27% | 7,147 | $329K | No change |
| ABT Abbott Laboratories | 0.27% | 2,471 | $328K | No change |
| F Ford Motor Co. filed as FORD MTR CO | 0.26% | 31,339 | $314K | Add +54.3% |
| COP Conocophillips | 0.25% | 2,883 | $303K | Reduce -5.7% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.24% | 3,734 | $292K | No change |
| PFF iShares Preferred & Income S | 0.24% | 9,374 | $288K | No change |
| WHR Whirlpool Corp. | 0.23% | 3,134 | $282K | Add +78.7% |
| EVRG Evergy Inc. | 0.22% | 3,978 | $274K | Reduce -1.5% |
| UNM Unum Group | 0.20% | 2,989 | $243K | No change |
| MDT Medtronic PLC | 0.20% | 2,669 | $240K | Reduce -1.7% |
| GOOG Alphabet Inc. Class C | 0.19% | 1,527 | $239K | Reduce -4.3% |
| UPS United Parcel Service Class B | 0.18% | 2,038 | $224K | No change |
| FCNCA First Citizens Bcshs Class A | 0.17% | 114 | $211K | No change |
| TSN Tyson Foods Inc. Class A | 0.17% | 3,184 | $203K | Reduce -8.4% |
| MA Mastercard Inc. Class A | 0.17% | 370 | $203K | No change |
| TRN Trinity Industries Inc. | 0.16% | 7,080 | $199K | No change |
| TGT Target Corp. | 0.16% | 1,879 | $196K | Add +178.0% |
| D Dominion Energy Inc. | 0.16% | 3,424 | $192K | Add +211.0% |
| AVGO Broadcom Inc. | 0.15% | 1,121 | $188K | Add +18.0% |
| QCOM Qualcomm Inc. | 0.15% | 1,201 | $184K | No change |
| ACA Arcosa Inc. | 0.15% | 2,354 | $182K | No change |
| NWBI Northwest Bancshares Inc. | 0.15% | 14,872 | $179K | No change |
| UNP Union Pacific Corp. | 0.13% | 692 | $163K | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.13% | 3,887 | $162K | Reduce -3.8% |
| GL Globe Life Inc. | 0.13% | 1,213 | $160K | No change |
| DINO HF Sinclair Corp. | 0.13% | 4,838 | $159K | Add +8.7% |
| USB US Bancorp | 0.12% | 3,499 | $148K | Add +885.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $225K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 182 | $225K | Reduce -1.1% |
Total filed on the 13F, all lines: $122.8M.
Portfolio Sells Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | Reduce -2.2% | 4.98% | −0.92 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 1.80% | −0.48 |
| AAPL Apple Inc. | Reduce -0.8% | 2.27% | −0.39 |
| MCY Mercury General Corp. | Reduce -4.9% | 1.09% | −0.32 |
| MRK Merck & Co. Inc. | Reduce -4.5% | 1.07% | −0.21 |
| WMT Walmart Inc. | Reduce -2.0% | 2.27% | −0.19 |
| ITW Illinois Tool Works | Reduce -2.1% | 2.06% | −0.16 |
| FITB Fifth Third Bancorp | Reduce -6.1% | 0.60% | −0.11 |
| C Citigroup Inc. | Reduce -1.9% | 1.88% | −0.08 |
| GOOG Alphabet Inc. Class C | Reduce -4.3% | 0.19% | −0.06 |
| ADM Archer-Daniels-Midland Co. | Reduce -3.8% | 0.44% | −0.06 |
| CINF Cincinnati Financial Corp. | Reduce -7.6% | 0.51% | −0.04 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.04 |
| NUE Nucor Corp. | Reduce -5.4% | 0.65% | −0.04 |
| SYY Sysco Corp. | Reduce -1.3% | 0.52% | −0.03 |
| DIS The Walt Disney Co. | Reduce -19.9% | 0.06% | −0.03 |
| COF Capital One Financial Corp. | Reduce -0.7% | 0.76% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -2.8% | 1.32% | −0.02 |
| CBRL Cracker Barrel Old Country | Reduce -0.8% | 0.05% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -50.8% | 0.01% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 0.57% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -21.3% | 0.06% | −0.01 |
| IFF Intl Flavors & Fragrances | Reduce -16.1% | 0.02% | −0.01 |
| COP Conocophillips | Reduce -5.7% | 0.25% | −0.01 |
| LEG Leggett & Platt Inc. | Reduce -2.3% | 0.02% | −0.01 |
| DD Dupont DE Nemours Inc. | Reduce -1.6% | 0.04% | −0.00 |
| TSN Tyson Foods Inc. Class A | Reduce -8.4% | 0.17% | −0.00 |
| DEM Wisdomtree Emerging Markets | Reduce -10.8% | 0.01% | −0.00 |
| NXTG First Trust Indxx Nextg ETF | Reduce -5.6% | 0.00% | −0.00 |
| SAVEQ Spirit Airlines Inc. | Sold out | 0.00% | −0.00 |
| VINCERX PHARMA INC | Sold out | 0.00% | −0.00 |
| TXNM TXNM Energy Inc. | Reduce -4.8% | 0.51% | +0.00 |
| SLB SLB Ltd. | Reduce -3.8% | 0.13% | +0.00 |
| CTVA Corteva Inc. | Reduce -1.6% | 0.05% | +0.00 |
| ADP Automatic Data Processing | Reduce -0.6% | 0.80% | +0.01 |
| MPC Marathon Petroleum Corp. | Reduce -0.8% | 1.31% | +0.01 |
| INTC Intel Corp. | Reduce -5.0% | 0.30% | +0.01 |
| MDT Medtronic PLC | Reduce -1.7% | 0.20% | +0.01 |
| EVRG Evergy Inc. | Reduce -1.5% | 0.22% | +0.01 |
| SBUX Starbucks Corp. | Reduce -0.6% | 0.56% | +0.02 |
| SO The Southern Co. | Reduce -5.4% | 1.03% | +0.02 |
| VLO Valero Energy Corp. | Reduce -2.7% | 1.58% | +0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.5% | 1.01% | +0.03 |
| PAYX Paychex Inc. | Reduce -1.3% | 0.74% | +0.04 |
| PPL PPL Corp. | Reduce -1.5% | 0.70% | +0.04 |
| SR Spire Inc. | Reduce -2.3% | 0.55% | +0.05 |
| TRV The Travelers Cos Inc. | Reduce -3.0% | 1.75% | +0.06 |
| AEP American Electric Power | Reduce -0.9% | 0.57% | +0.07 |
| GILD Gilead Sciences Inc. | Reduce -1.2% | 0.54% | +0.08 |
| WEC WEC Energy Group Inc. | Reduce -0.8% | 0.82% | +0.08 |
Portfolio Buys Q4 2024 → Q1 2025
| VZ Verizon Communications Inc. | Add +7.5% | 1.61% | +0.25 |
| ORI Old Republic Intl Corp. | Add +3.1% | 3.01% | +0.23 |
| XOM Exxon Mobil Corp. | Add +4.5% | 2.00% | +0.21 |
| BTI British American Tob-SP ADR | Add +38.3% | 0.37% | +0.13 |
| KMB Kimberly-Clark Corp. | Add +14.9% | 0.72% | +0.12 |
| D Dominion Energy Inc. | Add +211.0% | 0.16% | +0.11 |
| USB US Bancorp | Add +885.6% | 0.12% | +0.11 |
| CAG Conagra Brands Inc. | New | 0.10% | +0.10 |
| RITM Rithm Capital Corp. | Add +1678.6% | 0.11% | +0.10 |
| TRP TC Energy Corp. | New | 0.10% | +0.10 |
| ENB Enbridge Inc. | Add +9.8% | 1.01% | +0.10 |
| SW Smurfit Westrock PLC | New | 0.10% | +0.10 |
| F Ford Motor Co. | Add +54.3% | 0.26% | +0.09 |
| TGT Target Corp. | Add +178.0% | 0.16% | +0.08 |
| PEP Pepsico Inc. | Add +15.5% | 0.82% | +0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.8% | 0.48% | +0.07 |
| DOW Dow Inc. | Add +55.4% | 0.28% | +0.07 |
| WHR Whirlpool Corp. | Add +78.7% | 0.23% | +0.06 |
| RF Regions Financial Corp. | Add +21.4% | 0.59% | +0.05 |
| TFC Truist Financial Corp. | Add +15.1% | 0.86% | +0.05 |
| PFE Pfizer Inc. | Add +12.8% | 0.85% | +0.04 |
| BP BP PLC-Spons ADR | Add +24.9% | 0.07% | +0.02 |
| COST Costco Wholesale Corp. | Add +20.4% | 0.05% | +0.01 |
| CCL Carnival Corp. | Add +74.3% | 0.02% | +0.00 |
| BIPC Brookfield Infrastructure-A | New | 0.00% | +0.00 |
| CPB The Campbell's Company | New | 0.00% | +0.00 |
| KEY Keycorp | Add +10.9% | 0.89% | +0.00 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +59.6% | 0.01% | +0.00 |
| RKLB Rocket Lab USA Inc. | New | 0.00% | +0.00 |
| RIVN Rivian Automotive Inc. Class A | Add +19.1% | 0.01% | +0.00 |
| FCEL Fuelcell Energy Inc. | New | 0.00% | +0.00 |
| DINO HF Sinclair Corp. | Add +8.7% | 0.13% | −0.00 |
| ADBE Adobe Inc. | Add +15.7% | 0.06% | −0.00 |
| META Meta Platforms Inc. Class A | Add +1.4% | 0.43% | −0.01 |
| MAR Marriott International Class A | Add +5.8% | 0.12% | −0.02 |
| PYPL PayPal Holdings Inc. | Add +1.7% | 0.07% | −0.02 |
| AVGO Broadcom Inc. | Add +18.0% | 0.15% | −0.03 |
| NVDA Nvidia Corp. | Add +10.6% | 0.55% | −0.08 |
| CAT Caterpillar Inc. | Add +0.6% | 1.06% | −0.13 |
| AMZN Amazon.com Inc. | Add +0.9% | 1.11% | −0.20 |
Notes & Other Activity Q4 2024 → Q1 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -1.1% | 182 | $225K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 302 | $158.2M | LLY, OTTR, MSFT, GOOGL, C |
| Q1 2026 | 303 | $148.2M | OTTR, LLY, MSFT, ORI, WMT |
| Q4 2025 | 295 | $141.4M | LLY, OTTR, MSFT, ORI, GOOGL |
| Q3 2025 | 286 | $135.1M | OTTR, LLY, MSFT, ORI, GOOGL |
| Q2 2025 | 287 | $126.1M | OTTR, LLY, MSFT, ORI, WMT |
| Q1 2025 | 288 | $122.6M | OTTR, LLY, MSFT, ORI, AEE |
| Q4 2024 | 284 | $118.9M | LLY, OTTR, MSFT, ORI, AAPL |
| Q3 2024 | 286 | $123.0M | LLY, OTTR, MSFT, ORI, AAPL |
| Q2 2024 | 286 | $117.6M | LLY, OTTR, MSFT, ORI, AAPL |