Community Bank & Trust, Waco, Texas

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Community Bank & Trust, Waco, Texas reported 153 stock positions worth $487.1 million. Its top holding was Apple (AAPL) at 11.3% of the portfolio, followed by Microsoft (MSFT, 4.3%) and Nvidia (NVDA, 4.0%). Compared with Q3 2025, it opened 9 new positions, sold out of 5, added to 38 and reduced 78. The biggest buy was Micron Technology (MU, shares +1%) and the biggest sale Microsoft (MSFT, shares −2%).

Most Recent 13F
Q2 2026
Location
WACO, TX
CIK
0001654847
Portfolio Value
$487.1M (Q4 2025)
SEC Filing
0001654847-26-000001 ↗ filed Feb 9, 2026

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 Q3 2025 Q4 2025: $487.1M $487.1M Q4 2025 Q1 2026: $504.5M Q1 2026 Q2 2026: $554.5M Q2 2026

Holdings 153 stocks · $487.1M
AAPL Apple Inc. 11.28% 202,156 $55.0M Reduce -3.3%
MSFT Microsoft Corp. 4.33% 43,594 $21.1M Reduce -2.2%
NVDA Nvidia Corp. 4.02% 105,108 $19.6M Reduce -2.0%
JPM JPMorgan Chase & Co. 3.27% 49,457 $15.9M Reduce -2.3%
GOOGL Alphabet Inc. Class A 3.04% 47,367 $14.8M Reduce -3.3%
CAT Caterpillar Inc. 2.79% 23,728 $13.6M Reduce -4.2%
BRK.B Berkshire Hathaway Inc. Class B 2.78% 26,951 $13.5M Reduce -6.1%
WMT Walmart Inc. 2.56% 112,019 $12.5M Reduce -3.8%
AMZN Amazon.com Inc. 2.37% 49,926 $11.5M Reduce -1.2%
BX Blackstone Inc. 2.36% 74,553 $11.5M Reduce -2.0%
JNJ Johnson & Johnson 2.30% 54,169 $11.2M Reduce -1.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.14% 35,201 $10.4M Reduce -1.5%
LMT Lockheed Martin Corp. 2.03% 20,413 $9.9M Reduce -1.6%
XOM Exxon Mobil Corp. 2.00% 80,917 $9.7M Reduce -4.5%
VLO Valero Energy Corp. 1.91% 57,250 $9.3M Reduce -2.2%
CSCO Cisco Systems Inc. 1.63% 103,166 $7.9M Reduce -3.4%
AVGO Broadcom Inc. 1.61% 22,641 $7.8M Reduce -4.7%
ABBV Abbvie Inc. 1.59% 33,853 $7.7M Reduce -2.4%
MCD McDonald's Corp. 1.58% 25,118 $7.7M Reduce -1.4%
PG The Procter & Gamble Co. 1.54% 52,196 $7.5M Reduce -1.1%
GD General Dynamics Corp. 1.51% 21,813 $7.3M Reduce -1.4%
CVX Chevron Corp. 1.46% 46,642 $7.1M Reduce -1.6%
HD Home Depot Inc. 1.29% 18,202 $6.3M Reduce -4.4%
PEP Pepsico Inc. 1.23% 41,740 $6.0M Reduce -2.0%
GOOG Alphabet Inc. Class C 1.20% 18,580 $5.8M Reduce -2.2%
SO The Southern Co. 1.19% 66,386 $5.8M Reduce -0.3%
UNP Union Pacific Corp. 1.11% 23,359 $5.4M Reduce -2.0%
LOW Lowe's Cos Inc. 1.10% 22,223 $5.4M Add +0.2%
MU Micron Technology Inc. 1.09% 18,628 $5.3M Add +1.2%
PRU Prudential Financial Inc. 1.08% 46,689 $5.3M Reduce -2.6%
ABT Abbott Laboratories 1.01% 39,405 $4.9M Reduce -2.9%
PSX Phillips 66 0.90% 33,842 $4.4M Reduce -1.2%
MRK Merck & Co. Inc. 0.89% 41,288 $4.3M Reduce -5.0%
ELV Elevance Health Inc. 0.88% 12,284 $4.3M Reduce -5.3%
MO Altria Group Inc. 0.86% 73,072 $4.2M Reduce -0.4%
UNH Unitedhealth Group Inc. 0.84% 12,403 $4.1M Reduce -8.4%
PAYX Paychex Inc. 0.75% 32,663 $3.7M Reduce -10.6%
MCHP Microchip Technology Inc. 0.71% 54,637 $3.5M Reduce -0.4%
ICE Intercontinental Exchange Inc. 0.70% 21,108 $3.4M Add +1.3%
VZ Verizon Communications Inc. 0.70% 83,781 $3.4M Reduce -4.9%
AMGN Amgen Inc. 0.68% 10,133 $3.3M Add +1.1%
NSC Norfolk Southern Corp. 0.63% 10,701 $3.1M Reduce -2.2%
ORCL Oracle Corp. 0.63% 15,845 $3.1M Add +0.7%
QCOM Qualcomm Inc. 0.59% 16,863 $2.9M Reduce -4.4%
STX Seagate Technology Holdings 0.56% 9,991 $2.8M Add +1.1%
BKNG Booking Holdings Inc. 0.54% 490 $2.6M Reduce -0.2%
RIO Rio Tinto PLC-Spon ADR 0.53% 32,027 $2.6M Add +8.3%
KO The Coca-Cola Co. 0.53% 36,601 $2.6M Add +5.4%
BLK BlackRock Inc. 0.51% 2,321 $2.5M Add +2.0%
AMD Advanced Micro Devices 0.50% 11,319 $2.4M Reduce -3.6%
CBRE CBRE Group Inc. Class A 0.48% 14,693 $2.4M Add +0.5%
DUK Duke Energy Corp. 0.48% 19,861 $2.3M Add +3.1%
ADP Automatic Data Processing 0.47% 8,973 $2.3M Reduce -0.1%
MDLZ Mondelez International Inc. Class A 0.42% 38,130 $2.1M Reduce -6.1%
RTX RTX Corp. 0.41% 10,920 $2.0M Reduce -3.4%
BBY Best Buy Co. Inc. 0.41% 29,663 $2.0M Reduce -6.3%
PM Philip Morris International 0.40% 12,204 $2.0M Reduce -0.3%
CSX CSX Corp. 0.39% 52,160 $1.9M Reduce -8.6%
KMI Kinder Morgan Inc. 0.39% 68,674 $1.9M Add +2.1%
MDT Medtronic PLC 0.38% 19,210 $1.8M Add +2.9%
COP Conocophillips 0.37% 19,207 $1.8M Add +4.6%
KHC The Kraft Heinz Co. 0.37% 73,665 $1.8M Reduce -1.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.36% 31,796 $1.7M Add +3.0%
MA Mastercard Inc. Class A 0.35% 2,971 $1.7M Add +2.1%
PFE Pfizer Inc. 0.31% 61,561 $1.5M Reduce -7.9%
TM Toyota Motor Corp. -Spon ADR 0.29% 6,696 $1.4M Add +6.4%
RY Royal Bank of Canada 0.29% 8,361 $1.4M Add +16.0%
AMAT Applied Materials Inc. 0.29% 5,486 $1.4M Add +1.5%
DE Deere & Co. 0.28% 2,905 $1.4M Add +1.8%
INTC Intel Corp. 0.27% 36,214 $1.3M Reduce -8.0%
WELL Welltower Inc. 0.27% 7,059 $1.3M Reduce -1.1%
KR Kroger Co. 0.25% 19,521 $1.2M Add +3.6%
CAH Cardinal Health Inc. 0.25% 5,876 $1.2M Add +3.2%
TMUS T-Mobile US Inc. 0.25% 5,898 $1.2M Reduce -1.5%
ALL Allstate Corp. 0.24% 5,686 $1.2M No change
CEG Constellation Energy 0.24% 3,297 $1.2M No change
ORLY O'reilly Automotive Inc. 0.22% 11,700 $1.1M No change
INTU Intuit Inc. 0.22% 1,603 $1.1M Reduce -0.6%
NKE Nike Inc. Class B 0.22% 16,603 $1.1M Reduce -1.5%
TGT Target Corp. 0.21% 10,689 $1.0M Reduce -6.2%
TFC Truist Financial Corp. 0.21% 20,952 $1.0M Add +11.3%
CVS CVS Health Corp. 0.21% 12,857 $1.0M Reduce -6.1%
CRM Salesforce Inc. 0.20% 3,748 $993K Reduce -1.0%
MCK McKesson Corp. 0.20% 1,200 $984K Reduce -2.0%
GPN Global Payments Inc. 0.20% 12,533 $970K Reduce -5.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.19% 1,334 $910K No change
WM Waste Management Inc. 0.18% 3,992 $877K Add +8.1%
AZN Astrazeneca PLC-Spons ADR 0.18% 9,474 $871K Add +7.9%
TMO Thermo Fisher Scientific Inc. 0.16% 1,345 $779K Reduce -0.2%
TU Telus Corp. 0.15% 55,711 $734K Add +4.1%
BA The Boeing Co. 0.15% 3,311 $719K Reduce -0.1%
TXN Texas Instruments Inc. 0.15% 4,117 $714K Reduce -1.8%
TSLA Tesla Inc. 0.15% 1,581 $711K Add +1.7%
TT Trane Technologies PLC 0.14% 1,810 $704K Reduce -1.0%
LUV Southwest Airlines Co. 0.14% 9,355 $687K Reduce -0.2%
ACN Accenture PLC Class A 0.14% 2,554 $685K Add +4.8%
LLY Eli Lilly & Co. 0.13% 594 $638K Reduce -0.5%
NOC Northrop Grumman Corp. 0.12% 1,063 $606K Add +4.5%
BABA Alibaba Group Holding-SP ADR 0.12% 4,063 $596K Add +9.6%
HPQ HP Inc. 0.12% 25,778 $574K Add +17.8%
MMM 3M Co. 0.12% 3,523 $564K No change
V Visa Inc. Class A 0.11% 1,481 $519K No change
COST Costco Wholesale Corp. 0.10% 591 $510K Reduce -13.7%
META Meta Platforms Inc. Class A 0.10% 754 $498K Reduce -20.6%
UPS United Parcel Service Class B 0.10% 4,670 $463K Reduce -3.5%
CFR Cullen/Frost Bankers Inc. 0.09% 3,600 $456K No change
SYK Stryker Corp. 0.09% 1,282 $451K Add +7.8%
PHM Pultegroup Inc. 0.09% 3,830 $449K No change
NFLX Netflix Inc. 0.09% 4,500 $422K No change
GTO Invesco Total Return Bond Et 0.09% 8,825 $418K New
EXC Exelon Corp. 0.09% 9,555 $417K No change
CRUS Cirrus Logic Inc. 0.09% 3,500 $415K No change
ROP Roper Technologies Inc. 0.08% 900 $401K No change
ZBH Zimmer Biomet Holdings Inc. 0.08% 4,452 $400K Reduce -11.9%
NVS Novartis AG-Sponsored ADR 0.08% 2,851 $393K No change
DHR Danaher Corp. 0.08% 1,700 $389K No change
TSCO Tractor Supply Company 0.08% 7,750 $388K No change
AGG iShares Core U.S. Aggregate 0.08% 3,840 $384K New
IDV iShares International Select 0.08% 9,697 $383K Reduce -2.0%
CCI Crown Castle Inc. 0.08% 4,287 $381K Reduce -16.7%
PKG Packaging Corp. of America 0.08% 1,799 $371K No change
O Realty Income Corp. 0.08% 6,497 $366K Reduce -0.5%
HON Honeywell International Inc. 0.07% 1,800 $351K Reduce -0.4%
VEA Vanguard Ftse Developed ETF 0.07% 5,597 $350K Add +30.3%
USB US Bancorp 0.07% 6,514 $348K Add +3.8%
BKLN Invesco Senior Loan ETF 0.07% 16,500 $347K New
VRIG Invesco Variable Rate Invest 0.07% 13,750 $345K New
DOV Dover Corp. 0.07% 1,640 $320K No change
PLTR Palantir Technologies Inc. Class A 0.06% 1,750 $311K No change
CRH CRH PLC 0.06% 2,414 $301K Reduce -2.3%
KMB Kimberly-Clark Corp. 0.06% 2,818 $284K Reduce -0.5%
FALN iShares Fallen Angels ETF 0.06% 10,175 $278K New
JAAA Janus Henderson Aaa Clo ETF 0.06% 5,500 $278K New
IJJ iShares S&P Mid-Cap 400 Valu 0.06% 2,098 $276K No change
AON Aon PLC Class A 0.06% 781 $276K Add +14.7%
DOW Dow Inc. 0.06% 11,678 $273K Reduce -41.8%
GOVI Invesco Equal Weight 0-30 YR 0.06% 9,915 $273K New
VWO Vanguard Ftse Emerging Marke 0.06% 5,022 $270K Add +6.7%
SDY SS SPDR S&P Dividend ETF 0.05% 1,918 $267K No change
EMR Emerson Electric Co. 0.05% 1,955 $259K No change
GS Goldman Sachs Group Inc. 0.05% 294 $258K Add +5.0%
WSM Williams-Sonoma Inc. 0.05% 1,370 $245K No change
ADBE Adobe Inc. 0.05% 693 $243K Reduce -16.1%
PANW Palo Alto Networks Inc. 0.05% 1,320 $243K No change
IJR iShares Core S&P Small-Cap E 0.05% 1,943 $234K Reduce -13.4%
C Citigroup Inc. 0.05% 1,919 $224K New
BSMR Invesco Bulletshares 2027 MB 0.05% 9,317 $220K No change
ITW Illinois Tool Works 0.04% 884 $218K No change
ED Consolidated Edison Inc. 0.04% 2,149 $213K No change
BSMS Invesco Bulletshares 2028 MB 0.04% 8,888 $209K No change
WEC WEC Energy Group Inc. 0.04% 1,964 $207K Add +5.1%
FELC Fidelity Enh LRG Cap Cor ETF 0.04% 5,356 $204K New
NMI Nuveen Municipal Income 0.02% 11,799 $117K No change

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -2.2% 4.33% −0.43
BX Blackstone Inc. Reduce -2.0% 2.36% −0.33
HD Home Depot Inc. Reduce -4.4% 1.29% −0.31
PAYX Paychex Inc. Reduce -10.6% 0.75% −0.20
BRK.B Berkshire Hathaway Inc. Class B Reduce -6.1% 2.78% −0.20
VLO Valero Energy Corp. Reduce -2.2% 1.91% −0.14
PG The Procter & Gamble Co. Reduce -1.1% 1.54% −0.14
MO Altria Group Inc. Reduce -0.4% 0.86% −0.13
UNH Unitedhealth Group Inc. Reduce -8.4% 0.84% −0.12
SO The Southern Co. Reduce -0.3% 1.19% −0.11
LMT Lockheed Martin Corp. Reduce -1.6% 2.03% −0.11
ABT Abbott Laboratories Reduce -2.9% 1.01% −0.11
NVDA Nvidia Corp. Reduce -2.0% 4.02% −0.11
MDLZ Mondelez International Inc. Class A Reduce -6.1% 0.42% −0.10
VZ Verizon Communications Inc. Reduce -4.9% 0.70% −0.10
BBY Best Buy Co. Inc. Reduce -6.3% 0.41% −0.09
ADP Automatic Data Processing Reduce -0.1% 0.47% −0.07
ABBV Abbvie Inc. Reduce -2.4% 1.59% −0.07
PSX Phillips 66 Reduce -1.2% 0.90% −0.07
CVX Chevron Corp. Reduce -1.6% 1.46% −0.06
UNP Union Pacific Corp. Reduce -2.0% 1.11% −0.05
TMUS T-Mobile US Inc. Reduce -1.5% 0.25% −0.05
GD General Dynamics Corp. Reduce -1.4% 1.51% −0.05
IRM Iron Mountain Inc. Sold out 0.00% −0.05
APD Air Products & Chemicals Inc. Sold out 0.00% −0.04
NSC Norfolk Southern Corp. Reduce -2.2% 0.63% −0.04
ANET Arista Networks Inc. Sold out 0.00% −0.04
EOG EOG Resources Inc. Sold out 0.00% −0.04
META Meta Platforms Inc. Class A Reduce -20.6% 0.10% −0.04
EPD Enterprise Products Partners Sold out 0.00% −0.04
DOW Dow Inc. Reduce -41.8% 0.06% −0.04
PFE Pfizer Inc. Reduce -7.9% 0.31% −0.04
KHC The Kraft Heinz Co. Reduce -1.6% 0.37% −0.04
CSX CSX Corp. Reduce -8.6% 0.39% −0.03
GPN Global Payments Inc. Reduce -5.8% 0.20% −0.03
COST Costco Wholesale Corp. Reduce -13.7% 0.10% −0.03
NKE Nike Inc. Class B Reduce -1.5% 0.22% −0.03
JPM JPMorgan Chase & Co. Reduce -2.3% 3.27% −0.02
CCI Crown Castle Inc. Reduce -16.7% 0.08% −0.02
MCD McDonald's Corp. Reduce -1.4% 1.58% −0.02
ZBH Zimmer Biomet Holdings Inc. Reduce -11.9% 0.08% −0.02
TT Trane Technologies PLC Reduce -1.0% 0.14% −0.01
KMB Kimberly-Clark Corp. Reduce -0.5% 0.06% −0.01
QCOM Qualcomm Inc. Reduce -4.4% 0.59% −0.01
MCHP Microchip Technology Inc. Reduce -0.4% 0.71% −0.01
TXN Texas Instruments Inc. Reduce -1.8% 0.15% −0.01
ADBE Adobe Inc. Reduce -16.1% 0.05% −0.01
INTU Intuit Inc. Reduce -0.6% 0.22% −0.01
AVGO Broadcom Inc. Reduce -4.7% 1.61% −0.01
BKNG Booking Holdings Inc. Reduce -0.2% 0.54% −0.01

Portfolio Buys Q3 2025 → Q4 2025
MU Micron Technology Inc. Add +1.2% 1.09% +0.46
RIO Rio Tinto PLC-Spon ADR Add +8.3% 0.53% +0.12
AMGN Amgen Inc. Add +1.1% 0.68% +0.10
GTO Invesco Total Return Bond Et New 0.09% +0.09
STX Seagate Technology Holdings Add +1.1% 0.56% +0.08
AGG iShares Core U.S. Aggregate New 0.08% +0.08
RY Royal Bank of Canada Add +16.0% 0.29% +0.07
BKLN Invesco Senior Loan ETF New 0.07% +0.07
VRIG Invesco Variable Rate Invest New 0.07% +0.07
CAH Cardinal Health Inc. Add +3.2% 0.25% +0.06
AMAT Applied Materials Inc. Add +1.5% 0.29% +0.06
FALN iShares Fallen Angels ETF New 0.06% +0.06
JAAA Janus Henderson Aaa Clo ETF New 0.06% +0.06
GOVI Invesco Equal Weight 0-30 YR New 0.06% +0.06
KO The Coca-Cola Co. Add +5.4% 0.53% +0.05
TM Toyota Motor Corp. -Spon ADR Add +6.4% 0.29% +0.05
C Citigroup Inc. New 0.05% +0.05
FELC Fidelity Enh LRG Cap Cor ETF New 0.04% +0.04
AZN Astrazeneca PLC-Spons ADR Add +7.9% 0.18% +0.04
TFC Truist Financial Corp. Add +11.3% 0.21% +0.03
BAC Bank of America Corp. Add +3.0% 0.36% +0.03
VEA Vanguard Ftse Developed ETF Add +30.3% 0.07% +0.02
ACN Accenture PLC Class A Add +4.8% 0.14% +0.02
MDT Medtronic PLC Add +2.9% 0.38% +0.01
WM Waste Management Inc. Add +8.1% 0.18% +0.01
COP Conocophillips Add +4.6% 0.37% +0.01
CBRE CBRE Group Inc. Class A Add +0.5% 0.48% +0.01
USB US Bancorp Add +3.8% 0.07% +0.01
DE Deere & Co. Add +1.8% 0.28% +0.01
GS Goldman Sachs Group Inc. Add +5.0% 0.05% +0.01
MA Mastercard Inc. Class A Add +2.1% 0.35% +0.01
AON Aon PLC Class A Add +14.7% 0.06% +0.01
TSLA Tesla Inc. Add +1.7% 0.15% +0.00
VWO Vanguard Ftse Emerging Marke Add +6.7% 0.06% +0.00
SYK Stryker Corp. Add +7.8% 0.09% +0.00
WEC WEC Energy Group Inc. Add +5.1% 0.04% −0.00
NOC Northrop Grumman Corp. Add +4.5% 0.12% −0.00
KMI Kinder Morgan Inc. Add +2.1% 0.39% −0.01
HPQ HP Inc. Add +17.8% 0.12% −0.01
KR Kroger Co. Add +3.6% 0.25% −0.01
DUK Duke Energy Corp. Add +3.1% 0.48% −0.01
BABA Alibaba Group Holding-SP ADR Add +9.6% 0.12% −0.01
ICE Intercontinental Exchange Inc. Add +1.3% 0.70% −0.02
TU Telus Corp. Add +4.1% 0.15% −0.02
BLK BlackRock Inc. Add +2.0% 0.51% −0.04
LOW Lowe's Cos Inc. Add +0.2% 1.10% −0.05
ORCL Oracle Corp. Add +0.7% 0.63% −0.28

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