Community Bank & Trust, Waco, Texas

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Community Bank & Trust, Waco, Texas reported 149 stock positions worth $484.7 million. Its top holding was Apple (AAPL) at 11.0% of the portfolio, followed by Microsoft (MSFT, 4.8%) and Nvidia (NVDA, 4.1%). Compared with Q2 2025, it opened 8 new positions, sold out of 2, added to 57 and reduced 54. The biggest buy was Valero Energy (VLO, shares +0%) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
WACO, TX
CIK
0001654847
Portfolio Value
$484.7M (Q3 2025)
SEC Filing
0001654847-25-000006 ↗ filed Oct 28, 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 Q2 2025 Q3 2025: $484.7M $484.7M Q3 2025 Q4 2025: $487.1M Q4 2025 Q1 2026: $504.5M Q1 2026 Q2 2026: $554.5M Q2 2026

Holdings 149 stocks · $484.7M
AAPL Apple Inc. 10.98% 209,072 $53.2M Reduce -0.7%
MSFT Microsoft Corp. 4.76% 44,570 $23.1M Reduce -0.6%
NVDA Nvidia Corp. 4.13% 107,289 $20.0M Reduce -0.4%
JPM JPMorgan Chase & Co. 3.30% 50,635 $16.0M Add +0.9%
BRK.B Berkshire Hathaway Inc. Class B 2.98% 28,708 $14.4M Reduce -0.4%
BX Blackstone Inc. 2.68% 76,097 $13.0M Add +0.5%
WMT Walmart Inc. 2.48% 116,435 $12.0M Reduce -1.2%
GOOGL Alphabet Inc. Class A 2.46% 48,964 $11.9M Reduce -0.2%
CAT Caterpillar Inc. 2.44% 24,772 $11.8M Reduce -0.6%
AMZN Amazon.com Inc. 2.29% 50,510 $11.1M Reduce -0.8%
LMT Lockheed Martin Corp. 2.14% 20,751 $10.4M Add +0.1%
JNJ Johnson & Johnson 2.09% 54,708 $10.1M Reduce -0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.08% 35,749 $10.1M Add +0.4%
VLO Valero Energy Corp. 2.06% 58,520 $10.0M Add +0.4%
XOM Exxon Mobil Corp. 1.97% 84,759 $9.6M Add +0.1%
PG The Procter & Gamble Co. 1.67% 52,757 $8.1M Add +1.0%
ABBV Abbvie Inc. 1.66% 34,677 $8.0M Add +0.3%
AVGO Broadcom Inc. 1.62% 23,759 $7.8M Reduce -2.1%
MCD McDonald's Corp. 1.60% 25,471 $7.7M Add +1.0%
HD Home Depot Inc. 1.59% 19,031 $7.7M Reduce -0.0%
GD General Dynamics Corp. 1.56% 22,115 $7.5M Reduce -0.0%
CVX Chevron Corp. 1.52% 47,407 $7.4M Add +0.8%
CSCO Cisco Systems Inc. 1.51% 106,740 $7.3M Add +0.7%
SO The Southern Co. 1.30% 66,601 $6.3M Add +1.4%
PEP Pepsico Inc. 1.23% 42,603 $6.0M Reduce -1.1%
UNP Union Pacific Corp. 1.16% 23,828 $5.6M Add +0.3%
LOW Lowe's Cos Inc. 1.15% 22,176 $5.6M Reduce -1.3%
ABT Abbott Laboratories 1.12% 40,576 $5.4M Reduce -0.2%
PRU Prudential Financial Inc. 1.03% 47,927 $5.0M Add +1.8%
MO Altria Group Inc. 1.00% 73,358 $4.8M Add +2.0%
UNH Unitedhealth Group Inc. 0.96% 13,536 $4.7M Reduce -2.7%
PSX Phillips 66 0.96% 34,261 $4.7M Add +0.9%
PAYX Paychex Inc. 0.96% 36,516 $4.6M Add +1.6%
GOOG Alphabet Inc. Class C 0.95% 18,990 $4.6M Reduce -0.3%
ORCL Oracle Corp. 0.91% 15,728 $4.4M Add +0.3%
ELV Elevance Health Inc. 0.86% 12,971 $4.2M Reduce -0.3%
VZ Verizon Communications Inc. 0.80% 88,087 $3.9M Add +3.5%
MRK Merck & Co. Inc. 0.75% 43,475 $3.6M Reduce -5.0%
MCHP Microchip Technology Inc. 0.73% 54,851 $3.5M Add +0.4%
ICE Intercontinental Exchange Inc. 0.72% 20,846 $3.5M Reduce 0.0%
NSC Norfolk Southern Corp. 0.68% 10,944 $3.3M Reduce -0.6%
MU Micron Technology Inc. 0.64% 18,411 $3.1M Add +1.2%
QCOM Qualcomm Inc. 0.61% 17,646 $2.9M Reduce -0.8%
AMGN Amgen Inc. 0.58% 10,020 $2.8M Add +1.7%
BLK BlackRock Inc. 0.55% 2,275 $2.7M Add +2.4%
BKNG Booking Holdings Inc. 0.55% 491 $2.7M Reduce -0.2%
ADP Automatic Data Processing 0.54% 8,981 $2.6M No change
MDLZ Mondelez International Inc. Class A 0.52% 40,614 $2.5M Add +0.0%
BBY Best Buy Co. Inc. 0.49% 31,648 $2.4M Reduce -1.3%
DUK Duke Energy Corp. 0.49% 19,267 $2.4M Add +6.1%
STX Seagate Technology Holdings 0.48% 9,878 $2.3M Add +3.5%
CBRE CBRE Group Inc. Class A 0.48% 14,623 $2.3M Reduce -1.1%
KO The Coca-Cola Co. 0.47% 34,715 $2.3M Add +3.4%
CSX CSX Corp. 0.42% 57,080 $2.0M Reduce -0.2%
PM Philip Morris International 0.41% 12,247 $2.0M Reduce -0.4%
RIO Rio Tinto PLC-Spon ADR 0.40% 29,578 $2.0M Add +7.4%
KHC The Kraft Heinz Co. 0.40% 74,852 $1.9M Add +4.4%
KMI Kinder Morgan Inc. 0.39% 67,232 $1.9M Add +4.2%
RTX RTX Corp. 0.39% 11,301 $1.9M Add +0.1%
AMD Advanced Micro Devices 0.39% 11,742 $1.9M Reduce -0.8%
MDT Medtronic PLC 0.37% 18,663 $1.8M Add +2.8%
COP Conocophillips 0.36% 18,360 $1.7M Add +6.4%
PFE Pfizer Inc. 0.35% 66,841 $1.7M Add +0.6%
MA Mastercard Inc. Class A 0.34% 2,909 $1.7M Reduce -4.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.33% 30,861 $1.6M Reduce -0.1%
TMUS T-Mobile US Inc. 0.30% 5,990 $1.4M Add +2.4%
INTC Intel Corp. 0.27% 39,366 $1.3M Reduce -12.5%
DE Deere & Co. 0.27% 2,855 $1.3M Reduce -2.1%
WELL Welltower Inc. 0.26% 7,139 $1.3M Reduce -2.1%
KR Kroger Co. 0.26% 18,846 $1.3M Add +0.9%
ORLY O'reilly Automotive Inc. 0.26% 11,700 $1.3M No change
ALL Allstate Corp. 0.25% 5,686 $1.2M No change
TM Toyota Motor Corp. -Spon ADR 0.25% 6,292 $1.2M Add +1.8%
NKE Nike Inc. Class B 0.24% 16,852 $1.2M Reduce -1.2%
AMAT Applied Materials Inc. 0.23% 5,403 $1.1M Add +2.1%
GPN Global Payments Inc. 0.23% 13,308 $1.1M Reduce -4.8%
INTU Intuit Inc. 0.23% 1,612 $1.1M Add +3.1%
CEG Constellation Energy 0.22% 3,297 $1.1M No change
RY Royal Bank of Canada 0.22% 7,206 $1.1M Add +11.1%
CVS CVS Health Corp. 0.21% 13,692 $1.0M Reduce -2.2%
TGT Target Corp. 0.21% 11,398 $1.0M Add +2.1%
MCK McKesson Corp. 0.20% 1,225 $946K No change
CRM Salesforce Inc. 0.19% 3,787 $898K Reduce -4.7%
CAH Cardinal Health Inc. 0.18% 5,694 $894K Add +1.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.18% 1,334 $889K Reduce -1.8%
TFC Truist Financial Corp. 0.18% 18,833 $861K Add +9.9%
TU Telus Corp. 0.17% 53,532 $844K Add +6.4%
WM Waste Management Inc. 0.17% 3,692 $815K Add +7.1%
TT Trane Technologies PLC 0.16% 1,828 $771K Add +3.0%
TXN Texas Instruments Inc. 0.16% 4,192 $770K No change
BA The Boeing Co. 0.15% 3,316 $716K Reduce -0.8%
META Meta Platforms Inc. Class A 0.14% 949 $697K No change
TSLA Tesla Inc. 0.14% 1,555 $692K No change
AZN Astrazeneca PLC-Spons ADR 0.14% 8,784 $674K Add +10.1%
BABA Alibaba Group Holding-SP ADR 0.14% 3,706 $662K Add +5.2%
TMO Thermo Fisher Scientific Inc. 0.13% 1,348 $654K Reduce -2.0%
COST Costco Wholesale Corp. 0.13% 685 $634K Reduce -0.1%
NOC Northrop Grumman Corp. 0.13% 1,017 $620K Add +9.2%
ACN Accenture PLC Class A 0.12% 2,436 $601K Add +0.4%
HPQ HP Inc. 0.12% 21,882 $596K Add +13.0%
MMM 3M Co. 0.11% 3,523 $547K No change
NFLX Netflix Inc. 0.11% 450 $540K No change
PHM Pultegroup Inc. 0.10% 3,830 $506K Reduce -0.2%
V Visa Inc. Class A 0.10% 1,481 $506K Reduce -1.1%
ZBH Zimmer Biomet Holdings Inc. 0.10% 5,051 $498K Reduce -7.7%
CCI Crown Castle Inc. 0.10% 5,144 $493K Reduce -4.0%
DOW Dow Inc. 0.09% 20,080 $460K Reduce -24.9%
CFR Cullen/Frost Bankers Inc. 0.09% 3,600 $456K No change
LLY Eli Lilly & Co. 0.09% 597 $456K Reduce -3.7%
ROP Roper Technologies Inc. 0.09% 900 $449K No change
TSCO Tractor Supply Company 0.09% 7,750 $441K No change
SYK Stryker Corp. 0.09% 1,189 $440K Add +4.8%
CRUS Cirrus Logic Inc. 0.09% 3,500 $439K No change
EXC Exelon Corp. 0.09% 9,555 $430K Reduce -1.2%
UPS United Parcel Service Class B 0.08% 4,837 $404K Add +2.0%
O Realty Income Corp. 0.08% 6,527 $397K Add +5.8%
PKG Packaging Corp. of America 0.08% 1,799 $392K Reduce -2.7%
HON Honeywell International Inc. 0.08% 1,808 $381K No change
NVS Novartis AG-Sponsored ADR 0.08% 2,851 $366K Add +5.3%
IDV iShares International Select 0.07% 9,897 $362K No change
KMB Kimberly-Clark Corp. 0.07% 2,833 $352K Add +4.7%
DHR Danaher Corp. 0.07% 1,700 $337K No change
PLTR Palantir Technologies Inc. Class A 0.07% 1,750 $319K No change
USB US Bancorp 0.06% 6,278 $303K Reduce -0.4%
LUV Southwest Airlines Co. 0.06% 9,375 $299K No change
CRH CRH PLC 0.06% 2,470 $296K No change
ADBE Adobe Inc. 0.06% 826 $291K Reduce -12.5%
DOV Dover Corp. 0.06% 1,640 $274K Reduce -4.9%
IJJ iShares S&P Mid-Cap 400 Valu 0.06% 2,098 $272K No change
PANW Palo Alto Networks Inc. 0.06% 1,320 $269K No change
SDY SS SPDR S&P Dividend ETF 0.06% 1,918 $269K No change
WSM Williams-Sonoma Inc. 0.06% 1,370 $268K No change
IJR iShares Core S&P Small-Cap E 0.06% 2,243 $267K Reduce -9.8%
VEA Vanguard Ftse Developed ETF 0.05% 4,297 $257K No change
EMR Emerson Electric Co. 0.05% 1,955 $256K Reduce -4.2%
VWO Vanguard Ftse Emerging Marke 0.05% 4,707 $255K No change
AON Aon PLC Class A 0.05% 681 $243K Add +9.3%
ITW Illinois Tool Works 0.05% 884 $231K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.05% 2,200 $224K No change
GS Goldman Sachs Group Inc. 0.05% 280 $223K New
BSMR Invesco Bulletshares 2027 MB 0.05% 9,317 $220K New
APD Air Products & Chemicals Inc. 0.04% 800 $218K No change
ED Consolidated Edison Inc. 0.04% 2,149 $216K New
WEC WEC Energy Group Inc. 0.04% 1,868 $214K New
ANET Arista Networks Inc. 0.04% 1,440 $210K New
BSMS Invesco Bulletshares 2028 MB 0.04% 8,888 $208K New
EOG EOG Resources Inc. 0.04% 1,814 $203K No change
EPD Enterprise Products Partners 0.04% 6,405 $200K New
NMI Nuveen Municipal Income 0.02% 11,799 $117K New

Portfolio Sells Q2 2025 → Q3 2025
MSFT Microsoft Corp. Reduce -0.6% 4.76% −0.29
ELV Elevance Health Inc. Reduce -0.3% 0.86% −0.28
AMZN Amazon.com Inc. Reduce -0.8% 2.29% −0.24
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.4% 2.98% −0.19
ICE Intercontinental Exchange Inc. Reduce 0.0% 0.72% −0.14
WMT Walmart Inc. Reduce -1.2% 2.48% −0.13
ABT Abbott Laboratories Reduce -0.2% 1.12% −0.13
BKNG Booking Holdings Inc. Reduce -0.2% 0.55% −0.10
PM Philip Morris International Reduce -0.4% 0.41% −0.10
MRK Merck & Co. Inc. Reduce -5.0% 0.75% −0.07
DE Deere & Co. Reduce -2.1% 0.27% −0.07
DOW Dow Inc. Reduce -24.9% 0.09% −0.07
CRM Salesforce Inc. Reduce -4.7% 0.19% −0.06
PEP Pepsico Inc. Reduce -1.1% 1.23% −0.05
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.05
CL Colgate-Palmolive Co. Sold out 0.00% −0.05
MA Mastercard Inc. Class A Reduce -4.1% 0.34% −0.04
QCOM Qualcomm Inc. Reduce -0.8% 0.61% −0.04
NKE Nike Inc. Class B Reduce -1.2% 0.24% −0.03
GPN Global Payments Inc. Reduce -4.8% 0.23% −0.03
CCI Crown Castle Inc. Reduce -4.0% 0.10% −0.02
COST Costco Wholesale Corp. Reduce -0.1% 0.13% −0.02
ADBE Adobe Inc. Reduce -12.5% 0.06% −0.02
UNH Unitedhealth Group Inc. Reduce -2.7% 0.96% −0.02
V Visa Inc. Class A Reduce -1.1% 0.10% −0.02
LLY Eli Lilly & Co. Reduce -3.7% 0.09% −0.02
DOV Dover Corp. Reduce -4.9% 0.06% −0.01
BA The Boeing Co. Reduce -0.8% 0.15% −0.01
ZBH Zimmer Biomet Holdings Inc. Reduce -7.7% 0.10% −0.01
EMR Emerson Electric Co. Reduce -4.2% 0.05% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.8% 0.18% −0.01
IJR iShares Core S&P Small-Cap E Reduce -9.8% 0.06% −0.01
EXC Exelon Corp. Reduce -1.2% 0.09% −0.01
CVS CVS Health Corp. Reduce -2.2% 0.21% −0.01
CSX CSX Corp. Reduce -0.2% 0.42% −0.00
BAC Bank of America Corp. Reduce -0.1% 0.33% −0.00
USB US Bancorp Reduce -0.4% 0.06% −0.00
PKG Packaging Corp. of America Reduce -2.7% 0.08% +0.00
BBY Best Buy Co. Inc. Reduce -1.3% 0.49% +0.01
CBRE CBRE Group Inc. Class A Reduce -1.1% 0.48% +0.01
WELL Welltower Inc. Reduce -2.1% 0.26% +0.01
TMO Thermo Fisher Scientific Inc. Reduce -2.0% 0.13% +0.01
AMD Advanced Micro Devices Reduce -0.8% 0.39% +0.01
HD Home Depot Inc. Reduce -0.0% 1.59% +0.01
PHM Pultegroup Inc. Reduce -0.2% 0.10% +0.01
LOW Lowe's Cos Inc. Reduce -1.3% 1.15% +0.02
NSC Norfolk Southern Corp. Reduce -0.6% 0.68% +0.04
INTC Intel Corp. Reduce -12.5% 0.27% +0.04
GD General Dynamics Corp. Reduce -0.0% 1.56% +0.09
AVGO Broadcom Inc. Reduce -2.1% 1.62% +0.10

Portfolio Buys Q2 2025 → Q3 2025
VLO Valero Energy Corp. Add +0.4% 2.06% +0.28
ABBV Abbvie Inc. Add +0.3% 1.66% +0.20
STX Seagate Technology Holdings Add +3.5% 0.48% +0.17
ORCL Oracle Corp. Add +0.3% 0.91% +0.14
MU Micron Technology Inc. Add +1.2% 0.64% +0.13
BX Blackstone Inc. Add +0.5% 2.68% +0.12
BABA Alibaba Group Holding-SP ADR Add +5.2% 0.14% +0.05
GS Goldman Sachs Group Inc. New 0.05% +0.05
BSMR Invesco Bulletshares 2027 MB New 0.05% +0.05
MO Altria Group Inc. Add +2.0% 1.00% +0.04
ED Consolidated Edison Inc. New 0.04% +0.04
WEC WEC Energy Group Inc. New 0.04% +0.04
PSX Phillips 66 Add +0.9% 0.96% +0.04
ANET Arista Networks Inc. New 0.04% +0.04
BSMS Invesco Bulletshares 2028 MB New 0.04% +0.04
EPD Enterprise Products Partners New 0.04% +0.04
RIO Rio Tinto PLC-Spon ADR Add +7.4% 0.40% +0.04
RY Royal Bank of Canada Add +11.1% 0.22% +0.03
NMI Nuveen Municipal Income New 0.02% +0.02
NOC Northrop Grumman Corp. Add +9.2% 0.13% +0.02
BLK BlackRock Inc. Add +2.4% 0.55% +0.02
RTX RTX Corp. Add +0.1% 0.39% +0.02
HPQ HP Inc. Add +13.0% 0.12% +0.02
AZN Astrazeneca PLC-Spons ADR Add +10.1% 0.14% +0.01
TFC Truist Financial Corp. Add +9.9% 0.18% +0.01
AMAT Applied Materials Inc. Add +2.1% 0.23% +0.01
MDT Medtronic PLC Add +2.8% 0.37% +0.01
COP Conocophillips Add +6.4% 0.36% +0.01
TM Toyota Motor Corp. -Spon ADR Add +1.8% 0.25% +0.01
DUK Duke Energy Corp. Add +6.1% 0.49% +0.01
O Realty Income Corp. Add +5.8% 0.08% +0.00
NVS Novartis AG-Sponsored ADR Add +5.3% 0.08% +0.00
JPM JPMorgan Chase & Co. Add +0.9% 3.30% +0.00
AON Aon PLC Class A Add +9.3% 0.05% −0.00
CVX Chevron Corp. Add +0.8% 1.52% −0.01
KMB Kimberly-Clark Corp. Add +4.7% 0.07% −0.01
TU Telus Corp. Add +6.4% 0.17% −0.01
WM Waste Management Inc. Add +7.1% 0.17% −0.01
SYK Stryker Corp. Add +4.8% 0.09% −0.01
PFE Pfizer Inc. Add +0.6% 0.35% −0.01
TT Trane Technologies PLC Add +3.0% 0.16% −0.02
KHC The Kraft Heinz Co. Add +4.4% 0.40% −0.02
TMUS T-Mobile US Inc. Add +2.4% 0.30% −0.02
UPS United Parcel Service Class B Add +2.0% 0.08% −0.03
CAH Cardinal Health Inc. Add +1.7% 0.18% −0.03
VZ Verizon Communications Inc. Add +3.5% 0.80% −0.04
KMI Kinder Morgan Inc. Add +4.2% 0.39% −0.04
LMT Lockheed Martin Corp. Add +0.1% 2.14% −0.04
TGT Target Corp. Add +2.1% 0.21% −0.04
AMGN Amgen Inc. Add +1.7% 0.58% −0.04

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