Heartland Bank & Trust Co

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Heartland Bank & Trust Co reported 155 stock positions worth $236.2 million. Its top holding was iShares Global Infrastructur (IGF) at 8.6% of the portfolio, followed by Apple (AAPL, 7.7%) and Microsoft (MSFT, 5.8%). Compared with Q3 2025, it opened 9 new positions, sold out of 24, added to 20 and reduced 118. The biggest buy was iShares Global Infrastructur (IGF, shares +5%) and the biggest sale an exit from iShares Ibonds Dec 2025 Term (IBDQ).

Most Recent 13F
Q2 2026
Location
BLOOMINGTON, IL
CIK
0001866040
Portfolio Value
$236.2M (Q4 2025)
SEC Filing
0001866040-26-000002 ↗ filed Feb 3, 2026

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 Q2 2025 Q3 2025: $242.1M Q3 2025 Q4 2025: $236.2M $236.2M Q4 2025 Q1 2026: $442.4M Q1 2026 Q2 2026: $483.3M Q2 2026

Holdings 155 stocks · $236.2M

IGF iShares Global Infrastructur 8.61% 331,640 $20.3M Add +5.2%
AAPL Apple Inc. 7.68% 66,706 $18.1M Reduce -3.2%
MSFT Microsoft Corp. 5.85% 28,562 $13.8M Reduce -2.3%
NVDA Nvidia Corp. 5.40% 68,442 $12.8M Reduce -3.4%
GOOGL Alphabet Inc. Class A 4.76% 35,899 $11.2M Reduce -3.1%
AMZN Amazon.com Inc. 3.95% 40,462 $9.3M Reduce -1.6%
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 2.89% 181,363 $6.8M Add +0.4%
LLY Eli Lilly & Co. 2.20% 4,837 $5.2M Reduce -1.4%
AVGO Broadcom Inc. 2.08% 14,219 $4.9M Reduce -3.1%
IBDS Ishrs Ibnds Dec 27 Corp. ETF 2.02% 196,693 $4.8M Add +5.5%
IBDT iShares Ibonds Dec 2028 ETF 2.00% 186,062 $4.7M Add +10.2%
IBDR iShares Ibonds Dec 2026 Term 1.80% 175,441 $4.3M Add +8.9%
JPM JPMorgan Chase & Co. 1.75% 12,826 $4.1M Reduce -1.5%
META Meta Platforms Inc. Class A 1.74% 6,232 $4.1M Reduce -2.5%
ABBV Abbvie Inc. 1.59% 16,413 $3.8M Reduce -1.2%
CAT Caterpillar Inc. 1.51% 6,220 $3.6M Reduce -0.9%
TSLA Tesla Inc. 1.47% 7,712 $3.5M Reduce -1.8%
MU Micron Technology Inc. 1.02% 8,479 $2.4M Reduce -1.9%
AMD Advanced Micro Devices 1.02% 11,268 $2.4M Reduce -25.3%
XOM Exxon Mobil Corp. 0.97% 19,090 $2.3M Reduce -1.2%
BRK.B Berkshire Hathaway Inc. Class B 0.97% 4,546 $2.3M Reduce -1.6%
WMT Walmart Inc. 0.91% 19,261 $2.1M Reduce -3.4%
V Visa Inc. Class A 0.87% 5,881 $2.1M Add +11.8%
SHV iShares 0-1 Year Treasury Bo 0.86% 18,499 $2.0M Reduce -2.5%
PLTR Palantir Technologies Inc. Class A 0.83% 11,033 $2.0M Reduce -1.9%
JNJ Johnson & Johnson 0.79% 9,001 $1.9M Reduce -1.5%
MA Mastercard Inc. Class A 0.79% 3,253 $1.9M Add +12.4%
HD Home Depot Inc. 0.70% 4,797 $1.7M Reduce -12.5%
GE General Electric filed as GE AEROSPACE 0.62% 4,755 $1.5M Reduce -1.2%
IBTG iShares Ibonds Dec 2026 Term 0.61% 63,074 $1.4M No change
IBTH iShares Ibonds Dec 2027 Term 0.60% 63,532 $1.4M No change
NFLX Netflix Inc. 0.60% 15,212 $1.4M Reduce -3.0%
KLAC KLA Corp. 0.58% 1,125 $1.4M Reduce -1.7%
MS Morgan Stanley 0.56% 7,488 $1.3M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.56% 4,426 $1.3M Reduce -1.8%
COST Costco Wholesale Corp. 0.54% 1,479 $1.3M Reduce -0.5%
PG The Procter & Gamble Co. 0.53% 8,756 $1.3M Reduce -2.6%
CMI Cummins Inc. 0.50% 2,322 $1.2M Reduce -2.1%
AXP American Express Co. 0.49% 3,157 $1.2M Add +405.1%
CVX Chevron Corp. 0.49% 7,599 $1.2M Add +1.6%
FITB Fifth Third Bancorp 0.49% 24,591 $1.2M Reduce -1.8%
KO The Coca-Cola Co. 0.48% 16,136 $1.1M Reduce -0.7%
EMR Emerson Electric Co. 0.47% 8,424 $1.1M Add +21.1%
ISRG Intuitive Surgical Inc. 0.47% 1,974 $1.1M Reduce -2.0%
EXPE Expedia Group Inc. 0.47% 3,914 $1.1M Reduce -1.4%
ABT Abbott Laboratories 0.45% 8,490 $1.1M Reduce -1.8%
APH Amphenol Corp. Class A 0.45% 7,811 $1.1M Reduce -2.0%
JCI Johnson Controls Internation 0.44% 8,718 $1.0M Reduce -1.8%
PPL PPL Corp. 0.42% 28,450 $996K Reduce -1.6%
RTX RTX Corp. 0.41% 5,318 $975K Reduce -1.9%
MCD McDonald's Corp. 0.39% 3,043 $930K Reduce -1.6%
ANET Arista Networks Inc. 0.39% 7,047 $923K Reduce -2.6%
LMT Lockheed Martin Corp. 0.38% 1,866 $903K Reduce -1.1%
BSX Boston Scientific Corp. 0.37% 9,276 $884K Reduce -1.7%
EAGG iShares ESG Aware US Aggrega 0.37% 18,466 $884K New
PANW Palo Alto Networks Inc. 0.37% 4,736 $872K Reduce -1.5%
BLK BlackRock Inc. 0.37% 809 $866K New
TMO Thermo Fisher Scientific Inc. 0.36% 1,484 $860K Reduce -1.2%
MRK Merck & Co. Inc. 0.36% 8,042 $847K Reduce -1.8%
ADP Automatic Data Processing 0.35% 3,196 $822K Reduce -1.1%
PEP Pepsico Inc. 0.35% 5,687 $816K Reduce -3.0%
GILD Gilead Sciences Inc. 0.34% 6,578 $807K Reduce -1.7%
SYK Stryker Corp. 0.34% 2,265 $796K Reduce -1.8%
MCK McKesson Corp. 0.33% 960 $787K Reduce -2.3%
FICO Fair Isaac Corp. 0.33% 455 $769K Reduce -1.9%
LIN Linde PLC 0.32% 1,792 $764K Reduce -1.1%
CME Cme Group Inc. 0.32% 2,778 $759K Add +102.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.32% 2,905 $752K Reduce -1.9%
SCHW Schwab (charles) Corp. 0.32% 7,514 $751K Add +27.5%
IBHG iShares Ibonds 2027 HY Inc. 0.32% 33,434 $746K Add +5.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.31% 4,831 $742K Reduce -1.4%
C Citigroup Inc. 0.31% 6,238 $728K Reduce -1.9%
MMM 3M Co. 0.31% 4,509 $722K Reduce -1.8%
WMB Williams Cos Inc. 0.30% 11,959 $719K Reduce -1.1%
NOW ServiceNow Inc. 0.30% 4,603 $705K Reduce -2.5%
UNP Union Pacific Corp. 0.30% 3,019 $698K Reduce -1.9%
IBDU iShares Ibonds Dec 2029 Term 0.29% 29,604 $693K Add +58.2%
IBHF iShares Ibond 2026 HY & Inc. 0.29% 29,939 $691K Add +9.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.29% 6,024 $685K Reduce -5.0%
GM General Motors Co. 0.28% 8,180 $665K Reduce -1.6%
IBHH iShares Ibonds 2028 TM HY Inc. 0.27% 26,821 $635K Add +5.1%
GEV GE Vernova Inc. 0.27% 959 $627K Reduce -1.4%
EVRG Evergy Inc. 0.26% 8,417 $610K Reduce -1.7%
AEE Ameren Corporation 0.25% 6,028 $602K Add +2.1%
PGR Progressive Corp. 0.25% 2,621 $597K Reduce -2.0%
WFC Wells Fargo & Co. 0.25% 6,400 $596K Reduce -0.8%
MPC Marathon Petroleum Corp. 0.24% 3,498 $569K Reduce -1.3%
BX Blackstone Inc. 0.24% 3,610 $556K Reduce -34.7%
T AT&T Inc. 0.23% 21,996 $546K Reduce -14.2%
ALL Allstate Corp. 0.23% 2,611 $543K Reduce -1.4%
CFG Citizens Financial Group 0.23% 9,279 $542K Reduce -1.7%
WEC WEC Energy Group Inc. 0.23% 5,039 $531K Reduce -1.4%
WELL Welltower Inc. 0.22% 2,772 $515K Reduce -1.7%
MPWR Monolithic Power Systems Inc. 0.21% 560 $508K Reduce -1.2%
MET Metlife Inc. 0.21% 6,153 $486K Reduce -1.5%
UBER Uber Technologies Inc. 0.20% 5,814 $475K Reduce -1.8%
DHR Danaher Corp. 0.19% 1,975 $452K Reduce -2.0%
AMAT Applied Materials Inc. 0.19% 1,748 $449K Reduce -2.1%
EQIX Equinix Inc. 0.19% 583 $447K Reduce -5.5%
RSG Republic Services Inc. 0.19% 2,091 $443K Reduce -2.1%
VZ Verizon Communications Inc. 0.19% 10,770 $439K Reduce -9.8%
HBT HBT Financial Inc. 0.18% 16,760 $433K Add +41.8%
IBTJ iShares Ibonds Dec 2029 Term 0.18% 19,589 $430K No change
IBTI iShares Ibonds Dec 2028 Term 0.18% 19,209 $430K No change
GOOG Alphabet Inc. Class C 0.18% 1,348 $423K Reduce -3.0%
NEM Newmont Corp. 0.18% 4,204 $420K Reduce -0.9%
CSCO Cisco Systems Inc. 0.17% 5,279 $407K No change
WAT Waters Corp. 0.17% 1,069 $406K Reduce -2.5%
NEE Nextera Energy Inc. 0.17% 5,004 $402K Reduce -0.8%
CEG Constellation Energy 0.17% 1,120 $396K Reduce -3.0%
SPGI S&P Global Inc. 0.17% 754 $394K Reduce -70.1%
BKR Baker Hughes Co. 0.16% 8,551 $389K Reduce -1.5%
SHW The Sherwin-Williams Co. 0.16% 1,142 $370K Reduce -1.6%
ORCL Oracle Corp. 0.16% 1,885 $367K Reduce -0.2%
PH Parker Hannifin Corp. 0.15% 416 $366K Reduce -1.9%
TMUS T-Mobile US Inc. 0.15% 1,779 $361K Reduce -1.8%
GWW WW Grainger Inc. 0.15% 357 $360K Reduce -1.9%
AFL Aflac Inc. 0.15% 3,249 $358K No change
PLD Prologis Inc. 0.15% 2,787 $356K Reduce -1.4%
IBTK iShares Ibonds Dec 2030 Trea 0.15% 17,706 $351K New
PM Philip Morris International 0.15% 2,171 $348K Reduce -70.1%
CRM Salesforce Inc. 0.15% 1,309 $347K Reduce -77.5%
DHI D.R. Horton Inc. 0.14% 2,342 $337K Reduce -2.1%
HWM Howmet Aerospace Inc. 0.14% 1,582 $324K Reduce -2.0%
UNH Unitedhealth Group Inc. 0.14% 980 $324K Reduce -72.7%
HCA HCA Healthcare Inc. 0.14% 687 $321K Reduce -1.4%
DE Deere & Co. 0.14% 685 $319K Reduce -1.7%
CTAS Cintas Corp. 0.13% 1,648 $310K Reduce -2.3%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.13% 4,371 $306K Reduce -1.4%
DASH DoorDash Inc. Class A 0.12% 1,275 $289K Reduce -7.0%
SPG Simon Property Group Inc. 0.12% 1,526 $282K Reduce -0.7%
ECL Ecolab Inc. 0.12% 1,076 $282K Reduce -1.3%
SBUX Starbucks Corp. 0.12% 3,350 $282K Reduce -2.2%
UAL United Airlines Holdings Inc. 0.12% 2,511 $281K Reduce -2.3%
COIN Coinbase Global Inc. Class A 0.12% 1,216 $275K New
IBDV iShares Ibonds Dec 2030 Corp. 0.12% 12,382 $273K New
FOX Fox Corp. Class B 0.11% 4,023 $261K Reduce -3.0%
CL Colgate-Palmolive Co. 0.10% 3,094 $244K Add +1.1%
CBSH Commerce Bancshares Inc. 0.10% 4,595 $240K Add +4.4%
HSY The Hershey Co. 0.10% 1,311 $239K Reduce -4.8%
PSA Public Storage 0.10% 905 $235K Reduce -2.3%
COF Capital One Financial Corp. 0.10% 968 $235K No change
DOV Dover Corp. 0.10% 1,200 $234K Reduce -70.6%
MNST Monster Beverage Corp. 0.10% 3,034 $233K Reduce -8.4%
GS Goldman Sachs Group Inc. 0.10% 257 $226K Reduce -85.4%
FCX Freeport-McMoran Inc. 0.09% 4,415 $224K New
CBRE CBRE Group Inc. Class A 0.09% 1,357 $218K Reduce -1.9%
CTVA Corteva Inc. 0.09% 3,183 $213K Reduce -1.0%
CHRW C.H. Robinson Worldwide Inc. 0.09% 1,299 $209K New
ORLY O'reilly Automotive Inc. 0.09% 2,285 $208K Reduce -1.6%
MLM Martin Marietta Materials 0.09% 330 $205K Reduce -2.1%
SO The Southern Co. 0.09% 2,340 $204K No change
GRMN Garmin Ltd. 0.09% 1,005 $204K Reduce -0.3%
O Realty Income Corp. 0.08% 3,550 $200K Reduce -2.3%
KVUE Kenvue Inc. 0.08% 11,224 $194K New

Portfolio Sells Q3 2025 → Q4 2025

IBDQ iShares Ibonds Dec 2025 Term Sold out 0.00% −1.20
GS Goldman Sachs Group Inc. Reduce -85.4% 0.10% −0.48
CRM Salesforce Inc. Reduce -77.5% 0.15% −0.42
MSFT Microsoft Corp. Reduce -2.3% 5.85% −0.41
BNY Bank of New York Mellon Corp. Sold out 0.00% −0.41
UNH Unitedhealth Group Inc. Reduce -72.7% 0.14% −0.38
SPGI S&P Global Inc. Reduce -70.1% 0.17% −0.34
PM Philip Morris International Reduce -70.1% 0.15% −0.34
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −0.33
CMCSA Comcast Corp. Class A Sold out 0.00% −0.31
MDLZ Mondelez International Inc. Class A Sold out 0.00% −0.30
COP Conocophillips Sold out 0.00% −0.27
PFE Pfizer Inc. Sold out 0.00% −0.23
IBHE iShares Ibonds 2025 H/Y Inc. Sold out 0.00% −0.23
AMT American Tower Corp. Sold out 0.00% −0.22
HD Home Depot Inc. Reduce -12.5% 0.70% −0.22
EOG EOG Resources Inc. Sold out 0.00% −0.20
META Meta Platforms Inc. Class A Reduce -2.5% 1.74% −0.20
DOV Dover Corp. Reduce -70.6% 0.10% −0.18
NFLX Netflix Inc. Reduce -3.0% 0.60% −0.17
BX Blackstone Inc. Reduce -34.7% 0.24% −0.15
INVH Invitation Homes Inc. Sold out 0.00% −0.14
IP International Paper Co. Sold out 0.00% −0.12
DVA Davita Inc. Sold out 0.00% −0.12
SMCI Super Micro Computer Inc. Sold out 0.00% −0.12
CPAY Corpay Inc. Sold out 0.00% −0.12
ZBRA Zebra Technologies Corp. Class A Sold out 0.00% −0.11
UPS United Parcel Service Class B Sold out 0.00% −0.10
NKE Nike Inc. Class B Sold out 0.00% −0.10
FISV Fiserv Inc. Sold out 0.00% −0.10
VST Vistra Corp. Sold out 0.00% −0.10
VRSK Verisk Analytics Inc. Sold out 0.00% −0.10
CI The Cigna Group Sold out 0.00% −0.09
ACN Accenture PLC Class A Sold out 0.00% −0.09
AXON Axon Enterprise Inc. Sold out 0.00% −0.09
T AT&T Inc. Reduce -14.2% 0.23% −0.07
ORCL Oracle Corp. Reduce -0.2% 0.16% −0.06
AJG Arthur J Gallagher & Co. Reduce -1.9% 0.32% −0.06
NOW ServiceNow Inc. Reduce -2.5% 0.30% −0.06
NVDA Nvidia Corp. Reduce -3.4% 5.40% −0.06
ANET Arista Networks Inc. Reduce -2.6% 0.39% −0.04
ADP Automatic Data Processing Reduce -1.1% 0.35% −0.04
MPC Marathon Petroleum Corp. Reduce -1.3% 0.24% −0.04
PG The Procter & Gamble Co. Reduce -2.6% 0.53% −0.04
UBER Uber Technologies Inc. Reduce -1.8% 0.20% −0.04
PANW Palo Alto Networks Inc. Reduce -1.5% 0.37% −0.04
LIN Linde PLC Reduce -1.1% 0.32% −0.03
DASH DoorDash Inc. Class A Reduce -7.0% 0.12% −0.03
VZ Verizon Communications Inc. Reduce -9.8% 0.19% −0.03
COST Costco Wholesale Corp. Reduce -0.5% 0.54% −0.03

Portfolio Buys Q3 2025 → Q4 2025

IGF iShares Global Infrastructur Add +5.2% 8.61% +0.66
MS Morgan Stanley New 0.56% +0.56
AXP American Express Co. Add +405.1% 0.49% +0.41
EAGG iShares ESG Aware US Aggrega New 0.37% +0.37
BLK BlackRock Inc. New 0.37% +0.37
DJP Ipath Bloomberg Commodity Inc. Add +0.4% 2.89% +0.24
IBDT iShares Ibonds Dec 2028 ETF Add +10.2% 2.00% +0.22
IBDR iShares Ibonds Dec 2026 Term Add +8.9% 1.80% +0.18
CME Cme Group Inc. Add +102.3% 0.32% +0.17
IBTK iShares Ibonds Dec 2030 Trea New 0.15% +0.15
IBDS Ishrs Ibnds Dec 27 Corp. ETF Add +5.5% 2.02% +0.15
V Visa Inc. Class A Add +11.8% 0.87% +0.13
COIN Coinbase Global Inc. Class A New 0.12% +0.12
IBDV iShares Ibonds Dec 2030 Corp. New 0.12% +0.12
IBDU iShares Ibonds Dec 2029 Term Add +58.2% 0.29% +0.11
MA Mastercard Inc. Class A Add +12.4% 0.79% +0.11
EMR Emerson Electric Co. Add +21.1% 0.47% +0.10
FCX Freeport-McMoran Inc. New 0.09% +0.09
CHRW C.H. Robinson Worldwide Inc. New 0.09% +0.09
SCHW Schwab (charles) Corp. Add +27.5% 0.32% +0.09
KVUE Kenvue Inc. New 0.08% +0.08
HBT HBT Financial Inc. Add +41.8% 0.18% +0.06
IBHF iShares Ibond 2026 HY & Inc. Add +9.7% 0.29% +0.03
IBHG iShares Ibonds 2027 HY Inc. Add +5.7% 0.32% +0.02
IBHH iShares Ibonds 2028 TM HY Inc. Add +5.1% 0.27% +0.02
CVX Chevron Corp. Add +1.6% 0.49% +0.01
CL Colgate-Palmolive Co. Add +1.1% 0.10% +0.00
AEE Ameren Corporation Add +2.1% 0.25% +0.00
CBSH Commerce Bancshares Inc. Add +4.4% 0.10% −0.01

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