Heartland Bank & Trust Co

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 25, 2025), Heartland Bank & Trust Co reported 166 stock positions worth $213.4 million. Its top holding was iShares Global Infrastructur (IGF) at 8.5% of the portfolio, followed by Microsoft (MSFT, 6.7%) and Apple (AAPL, 5.7%). Compared with Q1 2025, it opened 18 new positions, sold out of 13, added to 29 and reduced 111. The biggest buy was iShares Ibonds Dec 2028 ETF (IBDT, shares +66%) and the biggest sale Apple (AAPL, shares −6%).

Most Recent 13F
Q2 2026
Location
BLOOMINGTON, IL
CIK
0001866040
Portfolio Value
$213.4M (Q2 2025)
SEC Filing
0001866040-25-000008 ↗ filed Jul 25, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $172.0M Q1 2024 Q2 2024: $176.3M Q2 2024 Q3 2024: $185.3M Q3 2024 Q4 2024: $184.1M Q4 2024 Q1 2025: $194.8M Q1 2025 Q2 2025: $213.4M $213.4M Q2 2025 Q3 2025: $242.1M Q3 2025 Q4 2025: $236.2M Q4 2025 Q1 2026: $442.4M Q1 2026 Q2 2026: $483.3M Q2 2026

Holdings 166 stocks · $213.4M

IGF iShares Global Infrastructur 8.49% 306,162 $18.1M Reduce -6.9%
MSFT Microsoft Corp. 6.67% 28,607 $14.2M Reduce -1.2%
AAPL Apple Inc. 5.66% 58,899 $12.1M Reduce -6.3%
NVDA Nvidia Corp. 5.47% 73,921 $11.7M Reduce -1.2%
GOOGL Alphabet Inc. Class A 3.74% 45,267 $8.0M Add +0.4%
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 3.23% 202,834 $6.9M Reduce -0.5%
AMZN Amazon.com Inc. 2.81% 27,374 $6.0M Reduce -1.9%
META Meta Platforms Inc. Class A 2.48% 7,175 $5.3M Reduce -2.7%
AVGO Broadcom Inc. 1.91% 14,781 $4.1M Reduce -1.8%
JPM JPMorgan Chase & Co. 1.84% 13,550 $3.9M Reduce -2.9%
LLY Eli Lilly & Co. 1.83% 5,004 $3.9M Add +0.4%
IBDS Ishrs Ibnds Dec 27 Corp. ETF 1.71% 150,594 $3.7M Add +51.9%
IBDT iShares Ibonds Dec 2028 ETF 1.63% 136,620 $3.5M Add +65.9%
IBDR iShares Ibonds Dec 2026 Term 1.39% 122,702 $3.0M Add +41.8%
NFLX Netflix Inc. 1.23% 1,961 $2.6M Reduce -3.0%
WMT Walmart Inc. 1.22% 26,689 $2.6M Add +1.0%
IBDQ iShares Ibonds Dec 2025 Term 1.09% 92,089 $2.3M Add +70.8%
TSLA Tesla Inc. 1.07% 7,185 $2.3M Reduce -2.3%
BRK.B Berkshire Hathaway Inc. Class B 1.05% 4,634 $2.3M Reduce -1.8%
AMD Advanced Micro Devices 1.00% 15,004 $2.1M Reduce -3.3%
XOM Exxon Mobil Corp. 0.94% 18,611 $2.0M Reduce -2.1%
SHV iShares 0-1 Year Treasury Bo 0.93% 17,899 $2.0M Reduce -21.6%
PG The Procter & Gamble Co. 0.92% 12,329 $2.0M Reduce -2.6%
V Visa Inc. Class A 0.88% 5,306 $1.9M Reduce -1.3%
ABBV Abbvie Inc. 0.79% 9,121 $1.7M Reduce -1.8%
MA Mastercard Inc. Class A 0.77% 2,928 $1.6M Reduce -0.9%
CRM Salesforce Inc. 0.74% 5,816 $1.6M Reduce -2.8%
PLTR Palantir Technologies Inc. Class A 0.73% 11,475 $1.6M Reduce -0.7%
JNJ Johnson & Johnson 0.66% 9,223 $1.4M Reduce -1.3%
HD Home Depot Inc. 0.66% 3,836 $1.4M Reduce -0.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.63% 4,588 $1.4M Reduce -1.3%
SPGI S&P Global Inc. 0.63% 2,530 $1.3M Reduce -2.0%
GS Goldman Sachs Group Inc. 0.58% 1,748 $1.2M Reduce -2.9%
ABT Abbott Laboratories 0.58% 9,074 $1.2M Reduce -2.0%
GE General Electric filed as GE AEROSPACE 0.57% 4,767 $1.2M Add +38.9%
COST Costco Wholesale Corp. 0.56% 1,198 $1.2M Reduce -2.6%
UNH Unitedhealth Group Inc. 0.54% 3,667 $1.1M Reduce -2.6%
ISRG Intuitive Surgical Inc. 0.52% 2,027 $1.1M Reduce -2.0%
CAT Caterpillar Inc. 0.50% 2,748 $1.1M No change
KLAC KLA Corp. 0.50% 1,190 $1.1M No change
MU Micron Technology Inc. 0.49% 8,565 $1.1M Reduce -3.6%
FITB Fifth Third Bancorp 0.48% 24,849 $1.0M Reduce -3.6%
CVX Chevron Corp. 0.48% 7,118 $1.0M Add +8.9%
BSX Boston Scientific Corp. 0.48% 9,474 $1.0M Reduce -2.4%
ADP Automatic Data Processing 0.47% 3,241 $1000K Reduce -1.8%
PANW Palo Alto Networks Inc. 0.46% 4,838 $990K Reduce -2.3%
PPL PPL Corp. 0.46% 28,964 $982K Add +5.4%
NOW ServiceNow Inc. 0.46% 954 $981K Reduce -0.7%
FOX Fox Corp. Class B 0.45% 18,801 $971K Reduce -3.2%
JCI Johnson Controls Internation 0.45% 9,008 $951K Reduce -1.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.44% 2,949 $944K Reduce -3.4%
EMR Emerson Electric Co. 0.44% 7,007 $934K Reduce -2.0%
SYK Stryker Corp. 0.43% 2,307 $913K Reduce -2.9%
LMT Lockheed Martin Corp. 0.41% 1,891 $876K New
LIN Linde PLC 0.40% 1,826 $857K Add +100.2%
CMI Cummins Inc. 0.40% 2,599 $851K Reduce -1.5%
FICO Fair Isaac Corp. 0.39% 458 $837K Reduce -4.8%
UNP Union Pacific Corp. 0.39% 3,619 $833K Reduce -4.4%
BX Blackstone Inc. 0.39% 5,544 $829K Reduce -2.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.39% 9,025 $822K Reduce -2.1%
CMG Chipotle Mexican Grill Inc. 0.38% 14,559 $817K Reduce -4.0%
TSCO Tractor Supply Company 0.38% 15,476 $817K Reduce -3.3%
APH Amphenol Corp. Class A 0.37% 7,966 $787K Reduce -2.5%
ANET Arista Networks Inc. 0.36% 7,568 $774K Add +2.0%
SBUX Starbucks Corp. 0.36% 8,447 $774K Reduce -3.2%
KO The Coca-Cola Co. 0.36% 10,714 $758K Reduce -1.3%
RTX RTX Corp. 0.36% 5,190 $758K Reduce -60.3%
DOV Dover Corp. 0.35% 4,127 $756K Reduce -1.9%
WMB Williams Cos Inc. 0.35% 11,935 $750K New
PEP Pepsico Inc. 0.35% 5,618 $742K Reduce -2.1%
GILD Gilead Sciences Inc. 0.35% 6,689 $742K Reduce -2.7%
MCK McKesson Corp. 0.34% 999 $732K Reduce -1.1%
PGR Progressive Corp. 0.33% 2,665 $711K Reduce -3.4%
MMM 3M Co. 0.33% 4,573 $696K Reduce -2.6%
T AT&T Inc. 0.31% 22,614 $654K Reduce -9.8%
ULTA Ulta Beauty Inc. 0.30% 1,384 $647K Reduce -3.1%
MNST Monster Beverage Corp. 0.30% 10,060 $630K Reduce -2.3%
MDLZ Mondelez International Inc. Class A 0.29% 9,323 $629K Reduce -1.9%
AMT American Tower Corp. 0.29% 2,801 $619K New
COP Conocophillips 0.29% 6,861 $616K Add +97.2%
TMO Thermo Fisher Scientific Inc. 0.29% 1,501 $609K Reduce -3.5%
MRK Merck & Co. Inc. 0.28% 7,581 $600K Reduce -2.4%
MCD McDonald's Corp. 0.28% 2,052 $600K Reduce -1.2%
EVRG Evergy Inc. 0.28% 8,562 $590K Reduce -2.9%
MPC Marathon Petroleum Corp. 0.27% 3,526 $586K Add +64.1%
IBHG iShares Ibonds 2027 HY Inc. 0.26% 24,753 $558K Add +69.7%
UBER Uber Technologies Inc. 0.26% 5,919 $552K Reduce -2.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.26% 4,427 $547K Reduce -2.9%
SCHW Schwab (charles) Corp. 0.25% 5,957 $544K Reduce -1.3%
C Citigroup Inc. 0.25% 6,370 $542K Reduce -2.9%
TMUS T-Mobile US Inc. 0.25% 2,274 $542K Reduce -2.5%
WFC Wells Fargo & Co. 0.25% 6,735 $540K Reduce -2.2%
ALL Allstate Corp. 0.25% 2,656 $535K Reduce -2.1%
RSG Republic Services Inc. 0.25% 2,143 $528K Reduce -2.4%
EOG EOG Resources Inc. 0.25% 4,392 $525K New
GEV GE Vernova Inc. 0.24% 986 $522K Add +1.2%
WEC WEC Energy Group Inc. 0.24% 4,896 $510K Reduce -2.6%
MET Metlife Inc. 0.23% 6,230 $501K Reduce -3.0%
PFE Pfizer Inc. 0.23% 20,657 $501K Reduce -9.0%
IBHH iShares Ibonds 2028 TM HY Inc. 0.23% 20,961 $497K Add +61.4%
AEE Ameren Corporation 0.23% 5,177 $497K Add +15.1%
EQIX Equinix Inc. 0.23% 621 $494K Add +77.4%
IBHF iShares Ibond 2026 HY & Inc. 0.22% 20,321 $472K Add +50.1%
IBHE iShares Ibonds 2025 H/Y Inc. 0.21% 19,026 $442K Add +59.3%
WELL Welltower Inc. 0.21% 2,861 $440K New
GIS General Mills Inc. 0.20% 8,377 $434K Reduce -2.3%
IBTH iShares Ibonds Dec 2027 Term 0.20% 19,101 $430K Add +8.2%
IBTG iShares Ibonds Dec 2026 Term 0.20% 18,650 $428K Add +8.2%
CFG Citizens Financial Group 0.20% 9,390 $420K Reduce -3.4%
MPWR Monolithic Power Systems Inc. 0.20% 574 $420K Reduce -1.9%
IBTJ iShares Ibonds Dec 2029 Term 0.19% 18,350 $402K Add +3.1%
IBTI iShares Ibonds Dec 2028 Term 0.19% 17,835 $399K No change
SHW The Sherwin-Williams Co. 0.19% 1,159 $398K New
DHR Danaher Corp. 0.19% 2,011 $397K Reduce -2.9%
AXP American Express Co. 0.18% 1,220 $389K No change
INVH Invitation Homes Inc. 0.18% 11,730 $385K New
ORCL Oracle Corp. 0.18% 1,751 $383K Add +14.4%
WAT Waters Corp. 0.18% 1,092 $381K Reduce -2.7%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.18% 366 $381K Reduce -2.4%
CTAS Cintas Corp. 0.18% 1,707 $380K Reduce -1.4%
CME Cme Group Inc. 0.18% 1,374 $379K Reduce -3.3%
IBDU iShares Ibonds Dec 2029 Term 0.18% 16,091 $375K Add +52.2%
GOOG Alphabet Inc. Class C 0.18% 2,106 $374K Add +0.7%
CEG Constellation Energy 0.17% 1,157 $373K Reduce -2.1%
VZ Verizon Communications Inc. 0.17% 8,447 $366K Reduce -8.8%
CSCO Cisco Systems Inc. 0.17% 5,179 $359K Add +11.2%
DE Deere & Co. 0.17% 699 $355K Reduce -20.4%
NEE Nextera Energy Inc. 0.17% 5,077 $352K New
AFL Aflac Inc. 0.16% 3,249 $343K No change
HSY The Hershey Co. 0.16% 2,057 $341K Reduce -3.8%
BKR Baker Hughes Co. 0.16% 8,711 $334K New
AMAT Applied Materials Inc. 0.16% 1,822 $334K Reduce -1.0%
CPAY Corpay Inc. 0.15% 978 $325K Reduce -3.3%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.15% 4,396 $323K Reduce -3.6%
DVA Davita Inc. 0.15% 2,245 $320K Reduce -2.6%
FISV Fiserv Inc. 0.15% 1,831 $316K Reduce -3.1%
IP International Paper Co. 0.14% 6,500 $304K New
UPS United Parcel Service Class B 0.14% 2,958 $299K Reduce -2.4%
HBT HBT Financial Inc. 0.14% 11,820 $298K No change
HWM Howmet Aerospace Inc. 0.14% 1,598 $297K Reduce -3.4%
SMCI Super Micro Computer Inc. 0.14% 6,066 $297K Reduce -4.0%
PLD Prologis Inc. 0.14% 2,823 $297K New
ROST Ross Stores Inc. 0.14% 2,318 $296K Reduce -2.4%
PH Parker Hannifin Corp. 0.14% 421 $294K Reduce -1.4%
ECL Ecolab Inc. 0.14% 1,090 $294K New
VRSK Verisk Analytics Inc. 0.14% 932 $290K Reduce -1.6%
ZBRA Zebra Technologies Corp. Class A 0.13% 925 $285K Reduce -2.2%
ACN Accenture PLC Class A 0.13% 927 $277K Add +3.3%
LEN Lennar Corp. Class A 0.13% 2,498 $276K Reduce -5.5%
CBSH Commerce Bancshares Inc. 0.13% 4,403 $274K No change
PSA Public Storage 0.13% 931 $273K Reduce -44.1%
HCA HCA Healthcare Inc. 0.12% 694 $266K Reduce -2.7%
CTVA Corteva Inc. 0.12% 3,473 $259K New
NKE Nike Inc. Class B 0.12% 3,615 $257K Reduce -2.4%
SPG Simon Property Group Inc. 0.12% 1,544 $248K New
CI The Cigna Group 0.12% 749 $248K Reduce -3.2%
NEM Newmont Corp. 0.12% 4,247 $247K New
BLK BlackRock Inc. 0.11% 225 $236K No change
AXON Axon Enterprise Inc. 0.11% 284 $235K Reduce -51.3%
VST Vistra Corp. 0.11% 1,193 $231K New
LVS Las Vegas Sands Corp. 0.10% 5,151 $224K Reduce -2.3%
SO The Southern Co. 0.10% 2,340 $215K Reduce -31.1%
O Realty Income Corp. 0.10% 3,680 $212K Reduce -50.8%
COF Capital One Financial Corp. 0.10% 968 $206K New
UAL United Airlines Holdings Inc. 0.10% 2,570 $205K New
FCX Freeport-McMoran Inc. 0.09% 4,632 $201K Reduce -62.2%

Portfolio Sells Q1 2025 → Q2 2025

AAPL Apple Inc. Reduce -6.3% 5.66% −1.50
IGF iShares Global Infrastructur Reduce -6.9% 8.49% −0.74
RTX RTX Corp. Reduce -60.3% 0.36% −0.53
UNH Unitedhealth Group Inc. Reduce -2.6% 0.54% −0.48
DJP Ipath Bloomberg Commodity Inc. Reduce -0.5% 3.23% −0.47
IRM Iron Mountain Inc. Sold out 0.00% −0.42
SLB SLB Ltd. Sold out 0.00% −0.41
VLO Valero Energy Corp. Sold out 0.00% −0.37
SHV iShares 0-1 Year Treasury Bo Reduce -21.6% 0.93% −0.37
APD Air Products & Chemicals Inc. Sold out 0.00% −0.25
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.8% 1.05% −0.24
VICI Vici Properties Inc. Sold out 0.00% −0.23
MLM Martin Marietta Materials Sold out 0.00% −0.22
XOM Exxon Mobil Corp. Reduce -2.1% 0.94% −0.22
ABBV Abbvie Inc. Reduce -1.8% 0.79% −0.21
NRG NRG Energy Inc. Sold out 0.00% −0.20
PG The Procter & Gamble Co. Reduce -2.6% 0.92% −0.19
NUE Nucor Corp. Sold out 0.00% −0.18
HST Host Hotels & Resorts Inc. Sold out 0.00% −0.16
CBRE CBRE Group Inc. Class A Sold out 0.00% −0.15
FANG Diamondback Energy Inc. Sold out 0.00% −0.14
FCX Freeport-McMoran Inc. Reduce -62.2% 0.09% −0.14
JNJ Johnson & Johnson Reduce -1.3% 0.66% −0.14
PSA Public Storage Reduce -44.1% 0.13% −0.13
O Realty Income Corp. Reduce -50.8% 0.10% −0.12
LNT Alliant Energy Corp. Sold out 0.00% −0.12
CF CF Industries Holdings Inc. Sold out 0.00% −0.12
TMO Thermo Fisher Scientific Inc. Reduce -3.5% 0.29% −0.11
AJG Arthur J Gallagher & Co. Reduce -3.4% 0.44% −0.10
PEP Pepsico Inc. Reduce -2.1% 0.35% −0.09
V Visa Inc. Class A Reduce -1.3% 0.88% −0.08
CRM Salesforce Inc. Reduce -2.8% 0.74% −0.08
MRK Merck & Co. Inc. Reduce -2.4% 0.28% −0.08
SBUX Starbucks Corp. Reduce -3.2% 0.36% −0.08
FOX Fox Corp. Class B Reduce -3.2% 0.45% −0.07
TSCO Tractor Supply Company Reduce -3.3% 0.38% −0.07
HD Home Depot Inc. Reduce -0.9% 0.66% −0.07
UNP Union Pacific Corp. Reduce -4.4% 0.39% −0.07
PGR Progressive Corp. Reduce -3.4% 0.33% −0.07
FISV Fiserv Inc. Reduce -3.1% 0.15% −0.07
TMUS T-Mobile US Inc. Reduce -2.5% 0.25% −0.07
FICO Fair Isaac Corp. Reduce -4.8% 0.39% −0.06
PFE Pfizer Inc. Reduce -9.0% 0.23% −0.06
MA Mastercard Inc. Class A Reduce -0.9% 0.77% −0.06
GIS General Mills Inc. Reduce -2.3% 0.20% −0.06
SO The Southern Co. Reduce -31.1% 0.10% −0.06
T AT&T Inc. Reduce -9.8% 0.31% −0.06
MCD McDonald's Corp. Reduce -1.2% 0.28% −0.05
ABT Abbott Laboratories Reduce -2.0% 0.58% −0.05
ADP Automatic Data Processing Reduce -1.8% 0.47% −0.05

Portfolio Buys Q1 2025 → Q2 2025

IBDT iShares Ibonds Dec 2028 ETF Add +65.9% 1.63% +0.56
IBDS Ishrs Ibnds Dec 27 Corp. ETF Add +51.9% 1.71% +0.48
LMT Lockheed Martin Corp. New 0.41% +0.41
IBDQ iShares Ibonds Dec 2025 Term Add +70.8% 1.09% +0.39
WMB Williams Cos Inc. New 0.35% +0.35
IBDR iShares Ibonds Dec 2026 Term Add +41.8% 1.39% +0.32
AMT American Tower Corp. New 0.29% +0.29
EOG EOG Resources Inc. New 0.25% +0.25
GE General Electric Add +38.9% 0.57% +0.22
WELL Welltower Inc. New 0.21% +0.21
SHW The Sherwin-Williams Co. New 0.19% +0.19
LIN Linde PLC Add +100.2% 0.40% +0.18
INVH Invitation Homes Inc. New 0.18% +0.18
NEE Nextera Energy Inc. New 0.17% +0.17
GOOGL Alphabet Inc. Class A Add +0.4% 3.74% +0.16
BKR Baker Hughes Co. New 0.16% +0.16
IP International Paper Co. New 0.14% +0.14
PLD Prologis Inc. New 0.14% +0.14
ECL Ecolab Inc. New 0.14% +0.14
CTVA Corteva Inc. New 0.12% +0.12
SPG Simon Property Group Inc. New 0.12% +0.12
NEM Newmont Corp. New 0.12% +0.12
MPC Marathon Petroleum Corp. Add +64.1% 0.27% +0.11
VST Vistra Corp. New 0.11% +0.11
COP Conocophillips Add +97.2% 0.29% +0.10
COF Capital One Financial Corp. New 0.10% +0.10
UAL United Airlines Holdings Inc. New 0.10% +0.10
IBHG iShares Ibonds 2027 HY Inc. Add +69.7% 0.26% +0.09
GEV GE Vernova Inc. Add +1.2% 0.24% +0.09
EQIX Equinix Inc. Add +77.4% 0.23% +0.09
IBHH iShares Ibonds 2028 TM HY Inc. Add +61.4% 0.23% +0.08
ORCL Oracle Corp. Add +14.4% 0.18% +0.07
ANET Arista Networks Inc. Add +2.0% 0.36% +0.07
IBHE iShares Ibonds 2025 H/Y Inc. Add +59.3% 0.21% +0.06
IBHF iShares Ibond 2026 HY & Inc. Add +50.1% 0.22% +0.06
IBDU iShares Ibonds Dec 2029 Term Add +52.2% 0.18% +0.05
WMT Walmart Inc. Add +1.0% 1.22% +0.03
CSCO Cisco Systems Inc. Add +11.2% 0.17% +0.02
GOOG Alphabet Inc. Class C Add +0.7% 0.18% +0.01
AEE Ameren Corporation Add +15.1% 0.23% +0.00
IBTH iShares Ibonds Dec 2027 Term Add +8.2% 0.20% −0.00
IBTG iShares Ibonds Dec 2026 Term Add +8.2% 0.20% −0.00
IBTJ iShares Ibonds Dec 2029 Term Add +3.1% 0.19% −0.01
ACN Accenture PLC Class A Add +3.3% 0.13% −0.01
PPL PPL Corp. Add +5.4% 0.46% −0.05
CVX Chevron Corp. Add +8.9% 0.48% −0.08
LLY Eli Lilly & Co. Add +0.4% 1.83% −0.29

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 211$483.3MVCRB, FIGB, IGF, AAPL, NVDA
Q1 2026 206$442.4MVCRB, FIGB, IGF, AAPL, NVDA
Q4 2025 155$236.2MIGF, AAPL, MSFT, NVDA, GOOGL
Q3 2025 170$242.1MIGF, AAPL, MSFT, NVDA, AMZN
Q2 2025 166$213.4MIGF, MSFT, AAPL, NVDA, GOOGL
Q1 2025 161$194.8MIGF, AAPL, MSFT, NVDA, DJP
Q4 2024 139$184.1MIGF, AAPL, MSFT, NVDA, DJP
Q3 2024 153$185.3MIGF, DJP, AAPL, MSFT, NVDA
Q2 2024 145$176.3MIGF, DJP, AAPL, MSFT, NVDA
Q1 2024 143$172.0MIGF, DJP, MSFT, AAPL, NVDA