Bank & Trust Co
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 13, 2026), Bank & Trust Co reported 295 stock positions worth $141.4 million. Its top holding was Eli Lilly (LLY) at 8.7% of the portfolio, followed by Otter Tail (OTTR, 7.0%) and Microsoft (MSFT, 5.5%). Compared with Q3 2025, it opened 15 new positions, sold out of 6, added to 32 and reduced 37. The biggest buy was a new position in Vaneck Semiconductor ETF (SMH) and the biggest sale Otter Tail (OTTR, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- LITCHFIELD, IL
- CIK
- 0002026082
- Portfolio Value
- $141.4M (Q4 2025)
- SEC Filing
- 0002026082-26-000001 ↗ filed Jan 13, 2026
Holdings Value
Holdings 295 stocks · $141.4M
| LLY Eli Lilly & Co. | 8.74% | 11,501 | $12.4M | Reduce -0.3% |
| OTTR Otter Tail Corp. | 6.97% | 122,016 | $9.9M | Reduce -0.0% |
| MSFT Microsoft Corp. | 5.52% | 16,132 | $7.8M | Add +0.0% |
| ORI Old Republic Intl Corp. | 3.05% | 94,549 | $4.3M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 2.97% | 13,419 | $4.2M | Reduce -4.9% |
| C Citigroup Inc. | 2.67% | 32,366 | $3.8M | No change |
| WMT Walmart Inc. | 2.50% | 31,667 | $3.5M | Reduce -0.2% |
| AAPL Apple Inc. | 2.38% | 12,383 | $3.4M | Reduce -1.2% |
| AEE Ameren Corporation | 2.07% | 29,306 | $2.9M | No change |
| DUK Duke Energy Corp. | 1.89% | 22,784 | $2.7M | Add +0.3% |
| ITW Illinois Tool Works | 1.78% | 10,207 | $2.5M | No change |
| XOM Exxon Mobil Corp. | 1.77% | 20,822 | $2.5M | No change |
| VLO Valero Energy Corp. | 1.67% | 14,535 | $2.4M | Reduce -0.1% |
| TRV The Travelers Cos Inc. | 1.64% | 8,009 | $2.3M | Reduce -0.6% |
| CAT Caterpillar Inc. | 1.58% | 3,906 | $2.2M | Reduce -0.5% |
| ALL Allstate Corp. | 1.50% | 10,160 | $2.1M | No change |
| MCY Mercury General Corp. | 1.49% | 22,438 | $2.1M | Reduce -4.4% |
| JNJ Johnson & Johnson | 1.49% | 10,191 | $2.1M | No change |
| MCD McDonald's Corp. | 1.43% | 6,599 | $2.0M | No change |
| CSCO Cisco Systems Inc. | 1.42% | 26,120 | $2.0M | Reduce -0.3% |
| MPC Marathon Petroleum Corp. | 1.30% | 11,313 | $1.8M | No change |
| VZ Verizon Communications Inc. | 1.29% | 44,839 | $1.8M | Add +0.6% |
| AMZN Amazon.com Inc. | 1.18% | 7,224 | $1.7M | Add +0.3% |
| CVX Chevron Corp. | 1.18% | 10,939 | $1.7M | Add +6.8% |
| MRK Merck & Co. Inc. | 1.09% | 14,598 | $1.5M | No change |
| KEY Keycorp | 1.01% | 69,015 | $1.4M | Reduce -1.6% |
| ENB Enbridge Inc. | 0.98% | 29,025 | $1.4M | Add +3.1% |
| ABBV Abbvie Inc. | 0.96% | 5,923 | $1.4M | No change |
| KO The Coca-Cola Co. | 0.92% | 18,694 | $1.3M | No change |
| HD Home Depot Inc. | 0.92% | 3,778 | $1.3M | No change |
| TFC Truist Financial Corp. | 0.91% | 26,215 | $1.3M | Add +0.5% |
| T AT&T Inc. | 0.91% | 51,837 | $1.3M | No change |
| COF Capital One Financial Corp. | 0.89% | 5,167 | $1.3M | No change |
| NVDA Nvidia Corp. | 0.86% | 6,550 | $1.2M | Reduce -8.5% |
| SO The Southern Co. | 0.84% | 13,662 | $1.2M | No change |
| BMY Bristol-Myers Squibb Co. | 0.77% | 20,270 | $1.1M | No change |
| JPM JPMorgan Chase & Co. | 0.77% | 3,357 | $1.1M | No change |
| NUE Nucor Corp. | 0.76% | 6,625 | $1.1M | No change |
| WMB Williams Cos Inc. | 0.76% | 17,807 | $1.1M | No change |
| PEP Pepsico Inc. | 0.74% | 7,323 | $1.1M | Add +6.2% |
| PFE Pfizer Inc. | 0.72% | 40,931 | $1.0M | Add +0.9% |
| LNT Alliant Energy Corp. | 0.72% | 15,670 | $1.0M | No change |
| WEC WEC Energy Group Inc. | 0.71% | 9,516 | $1.0M | Add +3.1% |
| RF Regions Financial Corp. | 0.64% | 33,338 | $903K | No change |
| ORCL Oracle Corp. | 0.64% | 4,626 | $902K | Add +0.8% |
| FITB Fifth Third Bancorp | 0.62% | 18,845 | $882K | No change |
| ADP Automatic Data Processing | 0.58% | 3,209 | $825K | No change |
| PPL PPL Corp. | 0.57% | 23,111 | $809K | Reduce -0.3% |
| AIG American International Group | 0.57% | 9,439 | $808K | No change |
| CEG Constellation Energy | 0.53% | 2,108 | $745K | Reduce -9.3% |
| AEP American Electric Power | 0.52% | 6,434 | $742K | No change |
| GILD Gilead Sciences Inc. | 0.51% | 5,895 | $724K | No change |
| SR Spire Inc. | 0.50% | 8,590 | $710K | No change |
| CINF Cincinnati Financial Corp. | 0.49% | 4,208 | $687K | No change |
| UTHR United Therapeutics Corp. | 0.47% | 1,371 | $668K | No change |
| TXNM TXNM Energy Inc. | 0.47% | 11,261 | $663K | No change |
| PAYX Paychex Inc. | 0.47% | 5,884 | $660K | No change |
| META Meta Platforms Inc. Class A | 0.46% | 994 | $656K | Add +2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.46% | 11,853 | $652K | No change |
| SYY Sysco Corp. | 0.46% | 8,772 | $646K | Add +4.5% |
| ADM Archer-Daniels-Midland Co. | 0.45% | 11,169 | $642K | No change |
| KMB Kimberly-Clark Corp. | 0.44% | 6,208 | $626K | Add +0.4% |
| PG The Procter & Gamble Co. | 0.44% | 4,359 | $625K | Add +5.5% |
| RCL Royal Caribbean Cruises Ltd. | 0.44% | 2,206 | $615K | Reduce -0.8% |
| BTI British American Tob-SP ADR | 0.43% | 10,840 | $614K | Reduce -1.4% |
| SBUX Starbucks Corp. | 0.43% | 7,193 | $606K | No change |
| INTC Intel Corp. | 0.42% | 16,017 | $591K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.41% | 1,155 | $581K | Add +1.4% |
| GOOG Alphabet Inc. Class C | 0.34% | 1,527 | $479K | No change |
| PFXF Vaneck Pref Sec X-Financials | 0.32% | 25,264 | $446K | No change |
| AVGO Broadcom Inc. | 0.31% | 1,269 | $439K | Reduce -3.1% |
| F Ford Motor Co. filed as FORD MTR CO | 0.29% | 31,388 | $412K | No change |
| OGE Oge Energy Corp. | 0.27% | 9,014 | $385K | No change |
| POR Portland General Electric Co. | 0.23% | 6,830 | $328K | Add +178.8% |
| DRI Darden Restaurants Inc. | 0.23% | 1,738 | $320K | No change |
| MMM 3M Co. | 0.22% | 1,970 | $315K | Reduce -2.2% |
| ABT Abbott Laboratories | 0.22% | 2,471 | $310K | No change |
| EXC Exelon Corp. | 0.22% | 7,026 | $306K | No change |
| USB US Bancorp | 0.21% | 5,546 | $296K | Add +14.3% |
| SMH Vaneck Semiconductor ETF | 0.20% | 800 | $288K | New |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.20% | 3,676 | $284K | No change |
| EVRG Evergy Inc. | 0.20% | 3,809 | $276K | No change |
| COP Conocophillips | 0.19% | 2,883 | $270K | No change |
| MDT Medtronic PLC | 0.18% | 2,626 | $252K | Add +1.6% |
| ACA Arcosa Inc. | 0.18% | 2,354 | $250K | No change |
| UNM Unum Group | 0.18% | 3,202 | $248K | No change |
| TGT Target Corp. | 0.17% | 2,492 | $244K | Add +1.6% |
| FCNCA First Citizens Bcshs Class A | 0.17% | 109 | $234K | Reduce -2.7% |
| IVV iShares Core S&P 500 ETF | 0.16% | 333 | $228K | New |
| D Dominion Energy Inc. | 0.16% | 3,823 | $224K | No change |
| DINO HF Sinclair Corp. | 0.16% | 4,820 | $222K | No change |
| TSN Tyson Foods Inc. Class A | 0.16% | 3,756 | $220K | Add +18.0% |
| DOW Dow Inc. | 0.15% | 9,253 | $216K | Reduce -4.7% |
| WHR Whirlpool Corp. | 0.15% | 2,959 | $213K | Reduce -2.3% |
| MA Mastercard Inc. Class A | 0.15% | 370 | $211K | No change |
| QCOM Qualcomm Inc. | 0.15% | 1,201 | $205K | No change |
| UPS United Parcel Service Class B | 0.14% | 2,038 | $202K | No change |
| UNP Union Pacific Corp. | 0.14% | 848 | $196K | Add +22.5% |
| WFC Wells Fargo & Co. | 0.13% | 2,037 | $190K | No change |
| NWBI Northwest Bancshares Inc. | 0.13% | 15,688 | $188K | Add +5.5% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $228K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 182 | $228K | No change |
Total filed on the 13F, all lines: $141.6M.
Portfolio Sells Q3 2025 → Q4 2025
| OTTR Otter Tail Corp. | Reduce -0.0% | 6.97% | −0.43 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.22 |
| VLO Valero Energy Corp. | Reduce -0.1% | 1.67% | −0.16 |
| NVDA Nvidia Corp. | Reduce -8.5% | 0.86% | −0.12 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -0.8% | 0.44% | −0.10 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.09 |
| PPL PPL Corp. | Reduce -0.3% | 0.57% | −0.07 |
| CEG Constellation Energy | Reduce -9.3% | 0.53% | −0.04 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.03 |
| CBRL Cracker Barrel Old Country | Reduce -9.6% | 0.03% | −0.03 |
| WHR Whirlpool Corp. | Reduce -2.3% | 0.15% | −0.03 |
| TRV The Travelers Cos Inc. | Reduce -0.6% | 1.64% | −0.02 |
| SAND Sandstorm Gold Ltd. | Sold out | 0.00% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -9.9% | 0.05% | −0.02 |
| DOW Dow Inc. | Reduce -4.7% | 0.15% | −0.01 |
| AVGO Broadcom Inc. | Reduce -3.1% | 0.31% | −0.01 |
| MMM 3M Co. | Reduce -2.2% | 0.22% | −0.01 |
| TEL Te Connectivity PLC | Reduce -23.8% | 0.02% | −0.01 |
| CTVA Corteva Inc. | Reduce -6.3% | 0.05% | −0.01 |
| LEG Leggett & Platt Inc. | Reduce -34.5% | 0.02% | −0.00 |
| DOCU Docusign Inc. | Reduce -9.7% | 0.02% | −0.00 |
| ADBE Adobe Inc. | Reduce -3.7% | 0.04% | −0.00 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.00 |
| HE Hawaiian Electric Inds | Reduce -48.0% | 0.00% | −0.00 |
| PETS Petmed Express Inc. | Reduce -66.1% | 0.00% | −0.00 |
| ABEV Ambev SA-ADR | Sold out | 0.00% | −0.00 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -9.3% | 0.01% | −0.00 |
| OGN Organon & Co. | Reduce -19.5% | 0.00% | −0.00 |
| SOLV Solventum Corp. | Reduce -3.6% | 0.03% | 0.00 |
| VTRS Viatris Inc. | Reduce -6.5% | 0.01% | +0.00 |
| BTI British American Tob-SP ADR | Reduce -1.4% | 0.43% | +0.00 |
| VFC VF Corp. | Reduce -2.8% | 0.03% | +0.00 |
| SLB SLB Ltd. | Reduce -0.9% | 0.09% | +0.01 |
| LUV Southwest Airlines Co. | Reduce -6.7% | 0.04% | +0.01 |
| FCNCA First Citizens Bcshs Class A | Reduce -2.7% | 0.17% | +0.02 |
| AAPL Apple Inc. | Reduce -1.2% | 2.38% | +0.02 |
| MCY Mercury General Corp. | Reduce -4.4% | 1.49% | +0.02 |
| KEY Keycorp | Reduce -1.6% | 1.01% | +0.04 |
| WMT Walmart Inc. | Reduce -0.2% | 2.50% | +0.08 |
| CSCO Cisco Systems Inc. | Reduce -0.3% | 1.42% | +0.10 |
| CAT Caterpillar Inc. | Reduce -0.5% | 1.58% | +0.20 |
| GOOGL Alphabet Inc. Class A | Reduce -4.9% | 2.97% | +0.43 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 8.74% | +2.23 |
Portfolio Buys Q3 2025 → Q4 2025
| SMH Vaneck Semiconductor ETF | New | 0.20% | +0.20 |
| IVV iShares Core S&P 500 ETF | New | 0.16% | +0.16 |
| POR Portland General Electric Co. | Add +178.8% | 0.23% | +0.15 |
| ORI Old Republic Intl Corp. | Add +0.4% | 3.05% | +0.09 |
| CMCSA Comcast Corp. Class A | Add +268.2% | 0.12% | +0.08 |
| GSK GSK PLC-Spon ADR | Add +657.7% | 0.07% | +0.06 |
| AMD Advanced Micro Devices | New | 0.06% | +0.06 |
| ES Eversource Energy | New | 0.04% | +0.04 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | New | 0.04% | +0.04 |
| USB US Bancorp | Add +14.3% | 0.21% | +0.04 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.03% | +0.03 |
| TFC Truist Financial Corp. | Add +0.5% | 0.91% | +0.03 |
| IJH iShares Core S&P Midcap ETF | New | 0.03% | +0.03 |
| TSN Tyson Foods Inc. Class A | Add +18.0% | 0.16% | +0.03 |
| PEP Pepsico Inc. | Add +6.2% | 0.74% | +0.03 |
| IJR iShares Core S&P Small-Cap E | New | 0.02% | +0.02 |
| RGLD Royal Gold Inc. | Add +600.0% | 0.02% | +0.02 |
| KHC The Kraft Heinz Co. | Add +186.4% | 0.03% | +0.02 |
| UNP Union Pacific Corp. | Add +22.5% | 0.14% | +0.02 |
| NSC Norfolk Southern Corp. | Add +32.8% | 0.09% | +0.02 |
| EWJ iShares MSCI Japan ETF | New | 0.01% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | New | 0.01% | +0.01 |
| TXRH Texas Roadhouse Inc. | Add +486.4% | 0.02% | +0.01 |
| UNH Unitedhealth Group Inc. | New | 0.01% | +0.01 |
| AMZN Amazon.com Inc. | Add +0.3% | 1.18% | +0.01 |
| TGT Target Corp. | Add +1.6% | 0.17% | +0.01 |
| DE Deere & Co. | New | 0.01% | +0.01 |
| GNR State Street SPDR S&P Global | New | 0.00% | +0.00 |
| JFLX JPMorgan Flexible Debt ETF | New | 0.00% | +0.00 |
| NFLX Netflix Inc. | New | 0.00% | +0.00 |
| CVX Chevron Corp. | Add +6.8% | 1.18% | +0.00 |
| COST Costco Wholesale Corp. | Add +18.3% | 0.04% | +0.00 |
| CBSH Commerce Bancshares Inc. | Add +4.5% | 0.00% | −0.00 |
| NWBI Northwest Bancshares Inc. | Add +5.5% | 0.13% | −0.00 |
| MDT Medtronic PLC | Add +1.6% | 0.18% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.4% | 0.41% | −0.01 |
| PG The Procter & Gamble Co. | Add +5.5% | 0.44% | −0.03 |
| PFE Pfizer Inc. | Add +0.9% | 0.72% | −0.04 |
| SYY Sysco Corp. | Add +4.5% | 0.46% | −0.05 |
| META Meta Platforms Inc. Class A | Add +2.4% | 0.46% | −0.06 |
| ENB Enbridge Inc. | Add +3.1% | 0.98% | −0.07 |
| WEC WEC Energy Group Inc. | Add +3.1% | 0.71% | −0.07 |
| KMB Kimberly-Clark Corp. | Add +0.4% | 0.44% | −0.13 |
| VZ Verizon Communications Inc. | Add +0.6% | 1.29% | −0.16 |
| DUK Duke Energy Corp. | Add +0.3% | 1.89% | −0.19 |
| ORCL Oracle Corp. | Add +0.8% | 0.64% | −0.32 |
| MSFT Microsoft Corp. | Add +0.0% | 5.52% | −0.66 |
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 |