Community Bank & Trust, Waco, Texas

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Community Bank & Trust, Waco, Texas reported 143 stock positions worth $441.6 million. Its top holding was Apple (AAPL) at 9.8% of the portfolio, followed by Microsoft (MSFT, 5.0%) and Nvidia (NVDA, 3.9%). Compared with Q1 2025, it opened 3 new positions, sold out of 3, added to 60 and reduced 45. The biggest buy was JPMorgan Chase (JPM, shares +0%) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
WACO, TX
CIK
0001654847
Portfolio Value
$441.6M (Q2 2025)
SEC Filing
0001654847-25-000003 ↗ filed Jul 18, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $407.5M Q1 2024 Q2 2024: $400.3M Q2 2024 Q3 2024: $444.0M Q3 2024 Q4 2024: $438.1M Q4 2024 Q1 2025: $424.9M Q1 2025 Q2 2025: $441.6M $441.6M Q2 2025 Q3 2025: $484.7M Q3 2025 Q4 2025: $487.1M Q4 2025 Q1 2026: $504.5M Q1 2026 Q2 2026: $554.5M Q2 2026

Holdings 143 stocks · $441.6M
AAPL Apple Inc. 9.79% 210,630 $43.2M Reduce -0.8%
MSFT Microsoft Corp. 5.05% 44,821 $22.3M Reduce -1.3%
NVDA Nvidia Corp. 3.85% 107,739 $17.0M Reduce -0.5%
JPM JPMorgan Chase & Co. 3.30% 50,187 $14.6M Add +0.2%
BRK.B Berkshire Hathaway Inc. Class B 3.17% 28,834 $14.0M Reduce -0.4%
WMT Walmart Inc. 2.61% 117,806 $11.5M Reduce -0.2%
BX Blackstone Inc. 2.57% 75,737 $11.3M Reduce -0.1%
AMZN Amazon.com Inc. 2.53% 50,940 $11.2M Reduce -1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.38% 35,605 $10.5M Add +0.1%
CAT Caterpillar Inc. 2.19% 24,925 $9.7M Add +0.2%
LMT Lockheed Martin Corp. 2.17% 20,735 $9.6M Reduce -0.2%
XOM Exxon Mobil Corp. 2.07% 84,685 $9.1M Reduce -0.5%
GOOGL Alphabet Inc. Class A 1.96% 49,078 $8.6M Reduce -0.0%
JNJ Johnson & Johnson 1.89% 54,722 $8.4M Add +0.2%
PG The Procter & Gamble Co. 1.89% 52,257 $8.3M Add +0.3%
VLO Valero Energy Corp. 1.78% 58,308 $7.8M Add +0.6%
MCD McDonald's Corp. 1.67% 25,217 $7.4M Add +0.6%
CSCO Cisco Systems Inc. 1.67% 106,026 $7.4M Add +0.2%
HD Home Depot Inc. 1.58% 19,036 $7.0M Reduce -0.0%
CVX Chevron Corp. 1.52% 47,007 $6.7M Add +0.7%
AVGO Broadcom Inc. 1.52% 24,270 $6.7M Reduce -1.2%
GD General Dynamics Corp. 1.46% 22,119 $6.5M Add +2.3%
ABBV Abbvie Inc. 1.45% 34,584 $6.4M Reduce -0.3%
SO The Southern Co. 1.37% 65,692 $6.0M Add +0.7%
PEP Pepsico Inc. 1.29% 43,053 $5.7M Reduce -2.7%
ABT Abbott Laboratories 1.25% 40,639 $5.5M Add +0.1%
UNP Union Pacific Corp. 1.24% 23,746 $5.5M Add +0.1%
PAYX Paychex Inc. 1.18% 35,954 $5.2M Add +0.3%
PRU Prudential Financial Inc. 1.15% 47,089 $5.1M Add +0.7%
ELV Elevance Health Inc. 1.15% 13,005 $5.1M Reduce -0.7%
LOW Lowe's Cos Inc. 1.13% 22,462 $5.0M Reduce -0.1%
UNH Unitedhealth Group Inc. 0.98% 13,910 $4.3M Add +0.3%
MO Altria Group Inc. 0.96% 71,935 $4.2M Add +0.8%
PSX Phillips 66 0.92% 33,957 $4.1M Add +1.2%
MCHP Microchip Technology Inc. 0.87% 54,644 $3.8M Reduce -3.0%
ICE Intercontinental Exchange Inc. 0.87% 20,847 $3.8M Reduce -1.5%
VZ Verizon Communications Inc. 0.83% 85,104 $3.7M Add +1.4%
MRK Merck & Co. Inc. 0.82% 45,770 $3.6M Reduce -2.0%
ORCL Oracle Corp. 0.78% 15,683 $3.4M Reduce -0.2%
GOOG Alphabet Inc. Class C 0.77% 19,040 $3.4M Reduce -0.8%
BKNG Booking Holdings Inc. 0.65% 492 $2.8M Reduce -2.4%
QCOM Qualcomm Inc. 0.64% 17,782 $2.8M Add +0.4%
NSC Norfolk Southern Corp. 0.64% 11,010 $2.8M Reduce -1.5%
ADP Automatic Data Processing 0.63% 8,981 $2.8M No change
AMGN Amgen Inc. 0.62% 9,852 $2.8M Add +0.2%
MDLZ Mondelez International Inc. Class A 0.62% 40,603 $2.7M Add +1.1%
KO The Coca-Cola Co. 0.54% 33,572 $2.4M Add +1.4%
BLK BlackRock Inc. 0.53% 2,222 $2.3M Add +1.3%
MU Micron Technology Inc. 0.51% 18,195 $2.2M Reduce -0.2%
PM Philip Morris International 0.51% 12,292 $2.2M No change
BBY Best Buy Co. Inc. 0.49% 32,051 $2.2M Add +3.5%
DUK Duke Energy Corp. 0.49% 18,166 $2.1M Add +1.6%
CBRE CBRE Group Inc. Class A 0.47% 14,783 $2.1M Reduce -1.6%
KMI Kinder Morgan Inc. 0.43% 64,514 $1.9M Add +7.3%
CSX CSX Corp. 0.42% 57,186 $1.9M Add +0.5%
KHC The Kraft Heinz Co. 0.42% 71,710 $1.9M Add +3.4%
MA Mastercard Inc. Class A 0.39% 3,033 $1.7M Reduce -0.6%
AMD Advanced Micro Devices 0.38% 11,841 $1.7M Add +0.1%
RTX RTX Corp. 0.37% 11,292 $1.6M Add +0.4%
PFE Pfizer Inc. 0.36% 66,429 $1.6M Reduce -1.1%
RIO Rio Tinto PLC-Spon ADR 0.36% 27,540 $1.6M Add +8.0%
MDT Medtronic PLC 0.36% 18,157 $1.6M Add +2.2%
COP Conocophillips 0.35% 17,254 $1.5M Add +1.5%
DE Deere & Co. 0.34% 2,915 $1.5M Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.33% 30,881 $1.5M Reduce -1.0%
TMUS T-Mobile US Inc. 0.32% 5,850 $1.4M Add +0.6%
STX Seagate Technology Holdings 0.31% 9,546 $1.4M Add +2.2%
KR Kroger Co. 0.30% 18,673 $1.3M Add +7.4%
INTU Intuit Inc. 0.28% 1,563 $1.2M Add +0.2%
NKE Nike Inc. Class B 0.27% 17,064 $1.2M Reduce -0.9%
ALL Allstate Corp. 0.26% 5,686 $1.1M Reduce -0.2%
WELL Welltower Inc. 0.25% 7,289 $1.1M No change
GPN Global Payments Inc. 0.25% 13,971 $1.1M Reduce -3.2%
TGT Target Corp. 0.25% 11,161 $1.1M Add +8.0%
CRM Salesforce Inc. 0.25% 3,973 $1.1M No change
TM Toyota Motor Corp. -Spon ADR 0.24% 6,181 $1.1M Add +4.2%
CEG Constellation Energy 0.24% 3,297 $1.1M No change
ORLY O'reilly Automotive Inc. 0.24% 11,700 $1.1M No change
INTC Intel Corp. 0.23% 45,010 $1.0M Reduce -4.9%
AMAT Applied Materials Inc. 0.22% 5,294 $969K Reduce -2.2%
CVS CVS Health Corp. 0.22% 14,004 $966K Add +0.4%
CAH Cardinal Health Inc. 0.21% 5,598 $940K Add +1.3%
MCK McKesson Corp. 0.20% 1,225 $898K No change
TXN Texas Instruments Inc. 0.20% 4,192 $870K No change
RY Royal Bank of Canada 0.19% 6,486 $853K Add +5.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.19% 1,359 $840K Reduce -2.9%
TU Telus Corp. 0.18% 50,333 $808K Add +5.6%
WM Waste Management Inc. 0.18% 3,446 $789K Add +2.6%
TT Trane Technologies PLC 0.18% 1,775 $776K Reduce -3.7%
TFC Truist Financial Corp. 0.17% 17,142 $737K Add +3.9%
ACN Accenture PLC Class A 0.16% 2,426 $725K Add +11.4%
DOW Dow Inc. 0.16% 26,753 $708K Reduce -0.3%
BA The Boeing Co. 0.16% 3,344 $701K No change
META Meta Platforms Inc. Class A 0.16% 949 $700K Reduce -1.0%
COST Costco Wholesale Corp. 0.15% 686 $679K Reduce -1.4%
NFLX Netflix Inc. 0.14% 450 $603K No change
AZN Astrazeneca PLC-Spons ADR 0.13% 7,982 $558K Add +4.7%
TMO Thermo Fisher Scientific Inc. 0.13% 1,375 $557K No change
CCI Crown Castle Inc. 0.12% 5,359 $551K Reduce -0.5%
MMM 3M Co. 0.12% 3,523 $536K No change
V Visa Inc. Class A 0.12% 1,497 $532K Reduce -1.8%
ROP Roper Technologies Inc. 0.12% 900 $510K No change
ZBH Zimmer Biomet Holdings Inc. 0.11% 5,475 $499K Reduce -0.9%
TSLA Tesla Inc. 0.11% 1,555 $494K Reduce -0.8%
LLY Eli Lilly & Co. 0.11% 620 $483K No change
UPS United Parcel Service Class B 0.11% 4,741 $479K Add +4.5%
HPQ HP Inc. 0.11% 19,369 $474K Add +4.6%
NOC Northrop Grumman Corp. 0.11% 931 $465K Add +19.1%
CFR Cullen/Frost Bankers Inc. 0.10% 3,600 $463K No change
SYK Stryker Corp. 0.10% 1,134 $449K Add +10.4%
HON Honeywell International Inc. 0.10% 1,808 $421K No change
EXC Exelon Corp. 0.10% 9,674 $420K No change
TSCO Tractor Supply Company 0.09% 7,750 $409K No change
PHM Pultegroup Inc. 0.09% 3,838 $405K No change
BABA Alibaba Group Holding-SP ADR 0.09% 3,522 $399K Add +36.4%
ADBE Adobe Inc. 0.08% 944 $365K Reduce -5.2%
CRUS Cirrus Logic Inc. 0.08% 3,500 $365K No change
O Realty Income Corp. 0.08% 6,169 $355K Add +2.8%
KMB Kimberly-Clark Corp. 0.08% 2,707 $349K Add +1.8%
PKG Packaging Corp. of America 0.08% 1,849 $348K No change
IDV iShares International Select 0.08% 9,897 $341K No change
DHR Danaher Corp. 0.08% 1,700 $336K No change
NVS Novartis AG-Sponsored ADR 0.07% 2,707 $328K Add +2.1%
DOV Dover Corp. 0.07% 1,725 $316K No change
LUV Southwest Airlines Co. 0.07% 9,375 $304K No change
USB US Bancorp 0.06% 6,301 $285K No change
EMR Emerson Electric Co. 0.06% 2,040 $272K No change
IJR iShares Core S&P Small-Cap E 0.06% 2,486 $272K Add +10.8%
PANW Palo Alto Networks Inc. 0.06% 1,320 $270K No change
SDY SS SPDR S&P Dividend ETF 0.06% 1,918 $260K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.06% 2,098 $259K No change
VEA Vanguard Ftse Developed ETF 0.06% 4,297 $245K Add +4.9%
PLTR Palantir Technologies Inc. Class A 0.05% 1,750 $239K New
VWO Vanguard Ftse Emerging Marke 0.05% 4,707 $233K Add +5.6%
CRH CRH PLC 0.05% 2,470 $227K No change
APD Air Products & Chemicals Inc. 0.05% 800 $226K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.05% 2,200 $226K New
WSM Williams-Sonoma Inc. 0.05% 1,370 $224K No change
AON Aon PLC Class A 0.05% 623 $222K Add +0.3%
ITW Illinois Tool Works 0.05% 884 $219K Reduce -2.8%
EOG EOG Resources Inc. 0.05% 1,814 $217K No change
CMG Chipotle Mexican Grill Inc. 0.05% 3,750 $211K New
CL Colgate-Palmolive Co. 0.05% 2,300 $209K No change

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -0.8% 9.79% −1.31
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.4% 3.17% −0.46
XOM Exxon Mobil Corp. Reduce -0.5% 2.07% −0.31
PEP Pepsico Inc. Reduce -2.7% 1.29% −0.27
ABBV Abbvie Inc. Reduce -0.3% 1.45% −0.26
ELV Elevance Health Inc. Reduce -0.7% 1.15% −0.19
MRK Merck & Co. Inc. Reduce -2.0% 0.82% −0.17
LOW Lowe's Cos Inc. Reduce -0.1% 1.13% −0.11
GPN Global Payments Inc. Reduce -3.2% 0.25% −0.08
HD Home Depot Inc. Reduce -0.0% 1.58% −0.06
DOW Dow Inc. Reduce -0.3% 0.16% −0.06
EPD Enterprise Products Partners Sold out 0.00% −0.05
MKC McCormick & Co.-Non VTG SHRS Sold out 0.00% −0.05
WEC WEC Energy Group Inc. Sold out 0.00% −0.05
PFE Pfizer Inc. Reduce -1.1% 0.36% −0.04
ZBH Zimmer Biomet Holdings Inc. Reduce -0.9% 0.11% −0.03
INTC Intel Corp. Reduce -4.9% 0.23% −0.02
ALL Allstate Corp. Reduce -0.2% 0.26% −0.02
LMT Lockheed Martin Corp. Reduce -0.2% 2.17% −0.01
MA Mastercard Inc. Class A Reduce -0.6% 0.39% −0.01
ADBE Adobe Inc. Reduce -5.2% 0.08% −0.01
CCI Crown Castle Inc. Reduce -0.5% 0.12% −0.01
V Visa Inc. Class A Reduce -1.8% 0.12% −0.01
ITW Illinois Tool Works Reduce -2.8% 0.05% −0.00
COST Costco Wholesale Corp. Reduce -1.4% 0.15% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.9% 0.19% +0.01
CBRE CBRE Group Inc. Class A Reduce -1.6% 0.47% +0.01
ICE Intercontinental Exchange Inc. Reduce -1.5% 0.87% +0.01
DE Deere & Co. Reduce -0.3% 0.34% +0.01
NSC Norfolk Southern Corp. Reduce -1.5% 0.64% +0.02
TSLA Tesla Inc. Reduce -0.8% 0.11% +0.02
NKE Nike Inc. Class B Reduce -0.9% 0.27% +0.02
BAC Bank of America Corp. Reduce -1.0% 0.33% +0.02
META Meta Platforms Inc. Class A Reduce -1.0% 0.16% +0.03
TT Trane Technologies PLC Reduce -3.7% 0.18% +0.03
AMAT Applied Materials Inc. Reduce -2.2% 0.22% +0.03
GOOG Alphabet Inc. Class C Reduce -0.8% 0.77% +0.06
BX Blackstone Inc. Reduce -0.1% 2.57% +0.07
BKNG Booking Holdings Inc. Reduce -2.4% 0.65% +0.10
MU Micron Technology Inc. Reduce -0.2% 0.51% +0.14
WMT Walmart Inc. Reduce -0.2% 2.61% +0.17
GOOGL Alphabet Inc. Class A Reduce -0.0% 1.96% +0.17
AMZN Amazon.com Inc. Reduce -1.1% 2.53% +0.22
MCHP Microchip Technology Inc. Reduce -3.0% 0.87% +0.23
ORCL Oracle Corp. Reduce -0.2% 0.78% +0.26
AVGO Broadcom Inc. Reduce -1.2% 1.52% +0.55
MSFT Microsoft Corp. Reduce -1.3% 5.05% +1.04
NVDA Nvidia Corp. Reduce -0.5% 3.85% +1.09

Portfolio Buys Q1 2025 → Q2 2025
JPM JPMorgan Chase & Co. Add +0.2% 3.30% +0.40
IBM Intl Business Machines Corp. Add +0.1% 2.38% +0.29
CAT Caterpillar Inc. Add +0.2% 2.19% +0.26
CSCO Cisco Systems Inc. Add +0.2% 1.67% +0.13
STX Seagate Technology Holdings Add +2.2% 0.31% +0.13
AMD Advanced Micro Devices Add +0.1% 0.38% +0.09
GD General Dynamics Corp. Add +2.3% 1.46% +0.07
PLTR Palantir Technologies Inc. Class A New 0.05% +0.05
INTU Intuit Inc. Add +0.2% 0.28% +0.05
IRM Iron Mountain Inc. New 0.05% +0.05
CMG Chipotle Mexican Grill Inc. New 0.05% +0.05
BLK BlackRock Inc. Add +1.3% 0.53% +0.04
CAH Cardinal Health Inc. Add +1.3% 0.21% +0.03
RY Royal Bank of Canada Add +5.2% 0.19% +0.03
CSX CSX Corp. Add +0.5% 0.42% +0.03
KR Kroger Co. Add +7.4% 0.30% +0.03
KMI Kinder Morgan Inc. Add +7.3% 0.43% +0.03
RTX RTX Corp. Add +0.4% 0.37% +0.02
TU Telus Corp. Add +5.6% 0.18% +0.02
SYK Stryker Corp. Add +10.4% 0.10% +0.01
NOC Northrop Grumman Corp. Add +19.1% 0.11% +0.01
BABA Alibaba Group Holding-SP ADR Add +36.4% 0.09% +0.01
TFC Truist Financial Corp. Add +3.9% 0.17% +0.01
VEA Vanguard Ftse Developed ETF Add +4.9% 0.06% +0.01
IJR iShares Core S&P Small-Cap E Add +10.8% 0.06% +0.01
VWO Vanguard Ftse Emerging Marke Add +5.6% 0.05% +0.01
NVS Novartis AG-Sponsored ADR Add +2.1% 0.07% +0.00
ACN Accenture PLC Class A Add +11.4% 0.16% +0.00
RIO Rio Tinto PLC-Spon ADR Add +8.0% 0.36% +0.00
QCOM Qualcomm Inc. Add +0.4% 0.64% +0.00
O Realty Income Corp. Add +2.8% 0.08% −0.00
CVS CVS Health Corp. Add +0.4% 0.22% −0.00
TGT Target Corp. Add +8.0% 0.25% −0.00
WM Waste Management Inc. Add +2.6% 0.18% −0.00
TM Toyota Motor Corp. -Spon ADR Add +4.2% 0.24% −0.01
AZN Astrazeneca PLC-Spons ADR Add +4.7% 0.13% −0.01
AON Aon PLC Class A Add +0.3% 0.05% −0.01
UPS United Parcel Service Class B Add +4.5% 0.11% −0.01
KMB Kimberly-Clark Corp. Add +1.8% 0.08% −0.01
HPQ HP Inc. Add +4.6% 0.11% −0.01
ABT Abbott Laboratories Add +0.1% 1.25% −0.02
MDT Medtronic PLC Add +2.2% 0.36% −0.02
KO The Coca-Cola Co. Add +1.4% 0.54% −0.02
MDLZ Mondelez International Inc. Class A Add +1.1% 0.62% −0.02
VLO Valero Energy Corp. Add +0.6% 1.78% −0.03
DUK Duke Energy Corp. Add +1.6% 0.49% −0.03
SO The Southern Co. Add +0.7% 1.37% −0.05
BBY Best Buy Co. Inc. Add +3.5% 0.49% −0.05
TMUS T-Mobile US Inc. Add +0.6% 0.32% −0.05
MO Altria Group Inc. Add +0.8% 0.96% −0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 168$554.5MAAPL, CAT, MU, NVDA, GOOGL
Q1 2026 161$504.5MAAPL, NVDA, CAT, MSFT, JPM
Q4 2025 153$487.1MAAPL, MSFT, NVDA, JPM, GOOGL
Q3 2025 149$484.7MAAPL, MSFT, NVDA, JPM, BRK.B
Q2 2025 143$441.6MAAPL, MSFT, NVDA, JPM, BRK.B
Q1 2025 143$424.9MAAPL, MSFT, BRK.B, JPM, NVDA
Q4 2024 140$438.1MAAPL, MSFT, NVDA, BX, BRK.B
Q3 2024 142$444.0MAAPL, MSFT, NVDA, BRK.B, LMT
Q2 2024 137$400.3MAAPL, MSFT, NVDA, BRK.B, AMZN
Q1 2024 142$407.5MAAPL, MSFT, BRK.B, NVDA, BX