Independence Bank of Kentucky
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 24, 2025), Independence Bank of Kentucky reported 623 stock positions worth $649.8 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 11.3% of the portfolio, followed by Apple (AAPL, 4.7%) and Microsoft (MSFT, 4.4%). Compared with Q3 2024, it opened 66 new positions, sold out of 29, added to 224 and reduced 132. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +264%) and the biggest sale iShares Russell Mid-Cap ETF (IWR, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- OWENSBORO, KY
- CIK
- 0001730479
- Portfolio Value
- $649.8M (Q4 2024)
- SEC Filing
- 0001730479-25-000001 ↗ filed Jan 24, 2025
Holdings Value
Holdings 623 stocks · $649.8M
| SPY SS SPDR S&P 500 ETF Trust-US | 11.31% | 125,360 | $73.5M | Add +263.9% |
| AAPL Apple Inc. | 4.65% | 120,698 | $30.2M | Add +20.4% |
| MSFT Microsoft Corp. | 4.38% | 67,569 | $28.5M | Add +51.0% |
| JPM JPMorgan Chase & Co. | 3.35% | 90,862 | $21.8M | Add +77.0% |
| VTI VG Morningstar TS MKT ETF-US | 2.80% | 62,892 | $18.2M | Add +2534.8% |
| AMZN Amazon.com Inc. | 2.57% | 76,174 | $16.7M | Add +9.6% |
| GOOGL Alphabet Inc. Class A | 2.46% | 84,534 | $16.0M | Add +7.6% |
| NVDA Nvidia Corp. | 1.98% | 95,682 | $12.8M | Add +8.6% |
| META Meta Platforms Inc. Class A | 1.61% | 17,893 | $10.5M | Add +6.9% |
| V Visa Inc. Class A | 1.56% | 32,149 | $10.2M | Add +18.3% |
| PG The Procter & Gamble Co. | 1.30% | 50,424 | $8.5M | Add +11.1% |
| IWR iShares Russell Mid-Cap ETF | 1.25% | 92,174 | $8.1M | Reduce -1.2% |
| VOO Vanguard S&P 500 ETF | 1.18% | 14,282 | $7.7M | Add +18.2% |
| EFA iShares MSCI Eafe ETF | 1.12% | 95,898 | $7.3M | Add +22.5% |
| HD Home Depot Inc. | 1.08% | 18,064 | $7.0M | Add +88.0% |
| JNJ Johnson & Johnson | 1.01% | 45,467 | $6.6M | Add +26.0% |
| IWM iShares Russell 2000 ETF | 1.00% | 29,313 | $6.5M | Add +6.9% |
| CVX Chevron Corp. | 0.94% | 42,371 | $6.1M | Add +7.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.94% | 68,592 | $6.1M | Add +517.3% |
| PEP Pepsico Inc. | 0.94% | 39,991 | $6.1M | Add +35.3% |
| LLY Eli Lilly & Co. | 0.91% | 7,680 | $5.9M | Add +11.1% |
| UNH Unitedhealth Group Inc. | 0.83% | 10,675 | $5.4M | Add +0.8% |
| ORCL Oracle Corp. | 0.81% | 31,605 | $5.3M | Add +8.4% |
| VYM Vanguard High DVD Yield ETF | 0.79% | 40,124 | $5.1M | Add +349.2% |
| OEF iShares S&P 100 ETF | 0.78% | 17,486 | $5.1M | Add +807.4% |
| SPGI S&P Global Inc. | 0.77% | 10,006 | $5.0M | Add +363.7% |
| ADP Automatic Data Processing | 0.75% | 16,665 | $4.9M | Add +1344.1% |
| WMT Walmart Inc. | 0.72% | 51,859 | $4.7M | Add +32.0% |
| ABBV Abbvie Inc. | 0.71% | 25,823 | $4.6M | Add +40.1% |
| CRM Salesforce Inc. | 0.64% | 12,439 | $4.2M | Reduce -2.5% |
| MRK Merck & Co. Inc. | 0.64% | 41,628 | $4.1M | Add +25.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.62% | 5,831 | $4.0M | Add +207.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 8,808 | $4.0M | Add +25.1% |
| XOM Exxon Mobil Corp. | 0.61% | 36,841 | $4.0M | Add +2.6% |
| ABT Abbott Laboratories | 0.60% | 34,456 | $3.9M | Add +25.5% |
| NEE Nextera Energy Inc. | 0.57% | 51,328 | $3.7M | Reduce -6.1% |
| LOW Lowe's Cos Inc. | 0.56% | 14,877 | $3.7M | Reduce -2.9% |
| MA Mastercard Inc. Class A | 0.55% | 6,735 | $3.5M | Add +40.6% |
| AVGO Broadcom Inc. | 0.54% | 15,050 | $3.5M | Add +9.9% |
| DON Wisdomtree US Midcap Dividen | 0.52% | 66,255 | $3.4M | Add +10.4% |
| AMD Advanced Micro Devices | 0.51% | 27,533 | $3.3M | Add +11.5% |
| SDY SS SPDR S&P Dividend ETF | 0.50% | 24,744 | $3.3M | Add +1278.5% |
| VRT Vertiv Holdings Co. Class A | 0.47% | 27,165 | $3.1M | Add +17.5% |
| WM Waste Management Inc. | 0.47% | 15,093 | $3.0M | Add +81.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.47% | 5,937 | $3.0M | Add +38.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.45% | 26,280 | $2.9M | Add +21.9% |
| MO Altria Group Inc. | 0.43% | 53,892 | $2.8M | Add +22.4% |
| IVV iShares Core S&P 500 ETF | 0.43% | 4,748 | $2.8M | Add +46.7% |
| MDY State Street SPDR S&P Midcap | 0.42% | 4,789 | $2.7M | Add +1929.2% |
| EEM iShares MSCI Emerging Market | 0.41% | 64,470 | $2.7M | Add +7.5% |
| SYK Stryker Corp. | 0.41% | 7,464 | $2.7M | Add +75.0% |
| UPS United Parcel Service Class B | 0.41% | 21,047 | $2.7M | Add +3.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.41% | 21,795 | $2.6M | Add +13.7% |
| ICE Intercontinental Exchange Inc. | 0.40% | 17,564 | $2.6M | Add +20.8% |
| KO The Coca-Cola Co. | 0.40% | 41,788 | $2.6M | Add +4.4% |
| USB US Bancorp | 0.40% | 54,240 | $2.6M | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 0.40% | 13,531 | $2.6M | Add +42.5% |
| MCD McDonald's Corp. | 0.40% | 8,865 | $2.6M | Add +21.1% |
| AVUV Avantis US Small Cap Value | 0.39% | 26,538 | $2.6M | Reduce -2.1% |
| IWF iShares Russell 1000 Growth | 0.39% | 6,363 | $2.6M | Add +17.2% |
| PANW Palo Alto Networks Inc. | 0.38% | 13,406 | $2.4M | Reduce -5.4% |
| APD Air Products & Chemicals Inc. | 0.37% | 8,276 | $2.4M | Reduce -10.8% |
| ACN Accenture PLC Class A | 0.37% | 6,786 | $2.4M | Reduce -3.4% |
| GD General Dynamics Corp. | 0.36% | 8,832 | $2.3M | Add +29.6% |
| XLE SS Energy Select Sector | 0.35% | 26,364 | $2.3M | Add +24.1% |
| SYY Sysco Corp. | 0.35% | 29,362 | $2.2M | Add +413.5% |
| CHDN Churchill Downs Inc. | 0.33% | 16,290 | $2.2M | Add +15.3% |
| COST Costco Wholesale Corp. | 0.33% | 2,335 | $2.1M | Add +11.0% |
| PM Philip Morris International | 0.32% | 17,461 | $2.1M | Add +0.3% |
| HON Honeywell International Inc. | 0.32% | 9,133 | $2.1M | Add +1.5% |
| ETN Eaton Corp. PLC | 0.32% | 6,167 | $2.0M | Add +27.5% |
| DVY iShares Select Dividend ETF | 0.31% | 15,215 | $2.0M | Add +71.8% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 3,825 | $2.0M | Add +21.0% |
| PFE Pfizer Inc. | 0.30% | 73,913 | $2.0M | Add +4.9% |
| IWV iShares Russell 3000 ETF | 0.30% | 5,833 | $1.9M | No change |
| ADBE Adobe Inc. | 0.30% | 4,324 | $1.9M | Add +50.3% |
| VGLT Vanguard Long-Term Treasury | 0.29% | 33,598 | $1.9M | Add +49.5% |
| TGT Target Corp. | 0.28% | 13,687 | $1.9M | Add +46.8% |
| TMUS T-Mobile US Inc. | 0.28% | 8,296 | $1.8M | Reduce -2.9% |
| PNC PNC Financial Services Group | 0.27% | 9,252 | $1.8M | Reduce -0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.27% | 39,729 | $1.7M | Add +13.2% |
| UNP Union Pacific Corp. | 0.26% | 7,508 | $1.7M | Add +5.3% |
| TFC Truist Financial Corp. | 0.26% | 39,168 | $1.7M | Add +9.9% |
| RTX RTX Corp. | 0.26% | 14,350 | $1.7M | Reduce -0.1% |
| TXN Texas Instruments Inc. | 0.26% | 8,845 | $1.7M | Add +74.5% |
| VZ Verizon Communications Inc. | 0.25% | 41,237 | $1.6M | Add +27.6% |
| MDLZ Mondelez International Inc. Class A | 0.25% | 26,949 | $1.6M | Add +32.6% |
| LMT Lockheed Martin Corp. | 0.24% | 3,256 | $1.6M | Add +5.5% |
| PAYX Paychex Inc. | 0.24% | 11,176 | $1.6M | Add +193.3% |
| EXPE Expedia Group Inc. | 0.24% | 8,337 | $1.6M | Reduce -30.6% |
| ITW Illinois Tool Works | 0.24% | 6,098 | $1.5M | Reduce -3.0% |
| NSC Norfolk Southern Corp. | 0.23% | 6,464 | $1.5M | Reduce -0.2% |
| MS Morgan Stanley | 0.23% | 11,845 | $1.5M | Reduce -2.1% |
| RSP Invesco S&P 500 Equal Weight | 0.23% | 8,452 | $1.5M | Add +187.6% |
| VNQ Vanguard Real Estate ETF | 0.23% | 16,508 | $1.5M | Reduce -8.7% |
| DHR Danaher Corp. | 0.22% | 6,261 | $1.4M | Reduce -6.2% |
| WMB Williams Cos Inc. | 0.22% | 26,409 | $1.4M | Add +5.5% |
| CSCO Cisco Systems Inc. | 0.22% | 23,921 | $1.4M | Add +11.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.22% | 5,858 | $1.4M | Add +11.3% |
| VCIT Vanguard Int-Term Corporate | 0.22% | 17,488 | $1.4M | Add +7.0% |
Portfolio Sells Q3 2024 → Q4 2024
| IWR iShares Russell Mid-Cap ETF | Reduce -1.2% | 1.25% | −0.51 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.49 |
| NEE Nextera Energy Inc. | Reduce -6.1% | 0.57% | −0.43 |
| LOW Lowe's Cos Inc. | Reduce -2.9% | 0.56% | −0.33 |
| APD Air Products & Chemicals Inc. | Reduce -10.8% | 0.37% | −0.22 |
| GUNR NT Mstar GLBL NR ETF | Reduce -18.2% | 0.19% | −0.18 |
| DHR Danaher Corp. | Reduce -6.2% | 0.22% | −0.18 |
| IRM Iron Mountain Inc. | Reduce -34.6% | 0.12% | −0.18 |
| SBUX Starbucks Corp. | Reduce -33.2% | 0.14% | −0.18 |
| ACN Accenture PLC Class A | Reduce -3.4% | 0.37% | −0.17 |
| AVUV Avantis US Small Cap Value | Reduce -2.1% | 0.39% | −0.17 |
| AMT American Tower Corp. | Reduce -4.5% | 0.19% | −0.16 |
| VNQ Vanguard Real Estate ETF | Reduce -8.7% | 0.23% | −0.15 |
| SMH Vaneck Semiconductor ETF | Reduce -26.7% | 0.16% | −0.15 |
| PANW Palo Alto Networks Inc. | Reduce -5.4% | 0.38% | −0.15 |
| USB US Bancorp | Reduce -1.8% | 0.40% | −0.14 |
| EXPE Expedia Group Inc. | Reduce -30.6% | 0.24% | −0.14 |
| BLV Vanguard Long-Term Bond ETF | Reduce -44.7% | 0.08% | −0.14 |
| RTX RTX Corp. | Reduce -0.1% | 0.26% | −0.12 |
| ITW Illinois Tool Works | Reduce -3.0% | 0.24% | −0.12 |
| NSC Norfolk Southern Corp. | Reduce -0.2% | 0.23% | −0.11 |
| CRM Salesforce Inc. | Reduce -2.5% | 0.64% | −0.11 |
| PFF iShares Preferred & Income S | Reduce -3.0% | 0.19% | −0.10 |
| TMUS T-Mobile US Inc. | Reduce -2.9% | 0.28% | −0.10 |
| PNC PNC Financial Services Group | Reduce -0.1% | 0.27% | −0.09 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.7% | 0.21% | −0.09 |
| IBM Intl Business Machines Corp. | Reduce -3.4% | 0.18% | −0.08 |
| CVS CVS Health Corp. | Reduce -18.6% | 0.06% | −0.08 |
| CF CF Industries Holdings Inc. | Reduce -91.3% | 0.01% | −0.08 |
| MUB iShares National Muni Bond E | Reduce -10.1% | 0.12% | −0.07 |
| PGX Invesco Preferred ETF | Reduce -18.9% | 0.08% | −0.07 |
| DE Deere & Co. | Reduce -14.4% | 0.11% | −0.06 |
| BSCS Invesco Bulletshares 2028 CB | Reduce -1.0% | 0.15% | −0.06 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -1.6% | 0.14% | −0.06 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -36.8% | 0.04% | −0.06 |
| GE General Electric | Reduce -10.4% | 0.07% | −0.05 |
| AWK American Water Works Co. Inc. | Reduce -7.2% | 0.07% | −0.05 |
| IDU iShares US Utilities ETF | Reduce -1.6% | 0.10% | −0.05 |
| VXUS Vanguard Total Intl Stock | Reduce -8.5% | 0.08% | −0.05 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -12.1% | 0.07% | −0.05 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -26.2% | 0.05% | −0.05 |
| AMAT Applied Materials Inc. | Reduce -1.3% | 0.06% | −0.05 |
| SCHW Schwab (charles) Corp. | Reduce -3.1% | 0.18% | −0.05 |
| DUK Duke Energy Corp. | Reduce -0.1% | 0.10% | −0.05 |
| CB Chubb Ltd. | Reduce -3.4% | 0.09% | −0.05 |
| SYBT Stock Yards Bancorp Inc. | Reduce -5.3% | 0.17% | −0.05 |
| BSCO Invesco Bulletshares 2024 CB | Sold out | 0.00% | −0.05 |
| MS Morgan Stanley | Reduce -2.1% | 0.23% | −0.04 |
| F Ford Motor Co. | Reduce -5.9% | 0.07% | −0.04 |
| INTC Intel Corp. | Reduce -25.3% | 0.03% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Add +263.9% | 11.31% | +7.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +2534.8% | 2.80% | +2.66 |
| JPM JPMorgan Chase & Co. | Add +77.0% | 3.35% | +1.02 |
| USMV iShares MSCI USA Min Vol Fac | Add +517.3% | 0.94% | +0.72 |
| ADP Automatic Data Processing | Add +1344.1% | 0.75% | +0.68 |
| OEF iShares S&P 100 ETF | Add +807.4% | 0.78% | +0.66 |
| VYM Vanguard High DVD Yield ETF | Add +349.2% | 0.79% | +0.54 |
| SPGI S&P Global Inc. | Add +363.7% | 0.77% | +0.53 |
| SDY SS SPDR S&P Dividend ETF | Add +1278.5% | 0.50% | +0.45 |
| MDY State Street SPDR S&P Midcap | Add +1929.2% | 0.42% | +0.39 |
| ASML ASML Holding NV-NY Reg SHS | Add +207.1% | 0.62% | +0.28 |
| SYY Sysco Corp. | Add +413.5% | 0.35% | +0.25 |
| HD Home Depot Inc. | Add +88.0% | 1.08% | +0.24 |
| MSFT Microsoft Corp. | Add +51.0% | 4.38% | +0.24 |
| PAYX Paychex Inc. | Add +193.3% | 0.24% | +0.13 |
| FDX FedEx Corp. | Add +520.2% | 0.17% | +0.13 |
| SCZ iShares MSCI Eafe Small-Cap | Add +346.5% | 0.18% | +0.12 |
| RSP Invesco S&P 500 Equal Weight | Add +187.6% | 0.23% | +0.11 |
| CIVI Civitas Resources Inc. | Add +372.6% | 0.16% | +0.11 |
| WM Waste Management Inc. | Add +81.3% | 0.47% | +0.10 |
| MZTI The Marzetti Company | New | 0.10% | +0.10 |
| SYK Stryker Corp. | Add +75.0% | 0.41% | +0.08 |
| FLUT Flutter Entertainment PLC-Di | New | 0.08% | +0.08 |
| DKNG Draftkings Inc. Class A | New | 0.07% | +0.07 |
| FSLR First Solar Inc. | Add +2620.0% | 0.07% | +0.07 |
| NVS Novartis AG-Sponsored ADR | Add +218.7% | 0.14% | +0.07 |
| ELF Elf Beauty Inc. | New | 0.07% | +0.07 |
| DEO Diageo PLC-Sponsored ADR | Add +489.3% | 0.08% | +0.06 |
| SHEL Shell PLC-ADR | Add +151.5% | 0.14% | +0.06 |
| BR Broadridge Financial Solutio | Add +1815.8% | 0.06% | +0.06 |
| CAH Cardinal Health Inc. | Add +12800.0% | 0.06% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +42.5% | 0.40% | +0.06 |
| DVY iShares Select Dividend ETF | Add +71.8% | 0.31% | +0.05 |
| EMR Emerson Electric Co. | Add +208.1% | 0.08% | +0.05 |
| CP Canadian Pacific Kansas City | Add +225.9% | 0.10% | +0.05 |
| QCOM Qualcomm Inc. | Add +109.6% | 0.18% | +0.05 |
| UL Unilever PLC | Add +252.3% | 0.08% | +0.05 |
| SPGP Invesco S&P 500 Garp ETF | New | 0.04% | +0.04 |
| VIG Vanguard Dividend Apprec ETF | Add +146.8% | 0.10% | +0.04 |
| XLK SS Technology Select Sector | Add +113.8% | 0.11% | +0.04 |
| WMT Walmart Inc. | Add +32.0% | 0.72% | +0.04 |
| MA Mastercard Inc. Class A | Add +40.6% | 0.55% | +0.04 |
| YUM Yum! Brands Inc. | Add +117.9% | 0.11% | +0.04 |
| UBER Uber Technologies Inc. | Add +117.5% | 0.18% | +0.04 |
| BP BP PLC-Spons ADR | Add +1867.9% | 0.04% | +0.03 |
| IVE iShares S&P 500 Value ETF | Add +582.1% | 0.04% | +0.03 |
| BBY Best Buy Co. Inc. | Add +1070.0% | 0.04% | +0.03 |
| EFAV iShares MSCI Eafe Min Vol Fa | New | 0.03% | +0.03 |
| SRE Sempra | Add +240.3% | 0.05% | +0.03 |
| TXN Texas Instruments Inc. | Add +74.5% | 0.26% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 589 | $887.6M | SPY, AAPL, MSFT, JPM, GOOGL |
| Q1 2026 | 623 | $789.4M | SPY, MSFT, AAPL, JPM, GOOGL |
| Q4 2025 | 724 | $803.9M | SPY, MSFT, AAPL, JPM, GOOGL |
| Q3 2025 | 623 | $778.0M | SPY, MSFT, AAPL, JPM, NVDA |
| Q2 2025 | 615 | $705.8M | SPY, MSFT, JPM, AAPL, NVDA |
| Q1 2025 | 613 | $639.6M | SPY, MSFT, AAPL, JPM, VTI |
| Q4 2024 | 623 | $649.8M | SPY, AAPL, MSFT, JPM, VTI |
| Q3 2024 | 586 | $465.1M | AAPL, SPY, MSFT, GOOGL, AMZN |
| Q2 2024 | 539 | $377.2M | SPY, AAPL, MSFT, GOOGL, AMZN |
| Q1 2024 | 517 | $333.9M | SPY, AAPL, MSFT, JPM, AMZN |