Independence Bank of Kentucky
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 11, 2025), Independence Bank of Kentucky reported 613 stock positions worth $639.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 11.5% of the portfolio, followed by Microsoft (MSFT, 4.2%) and Apple (AAPL, 4.1%). Compared with Q4 2024, it opened 15 new positions, sold out of 25, added to 116 and reduced 215. The biggest buy was a new position in BlackRock (BLK) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- OWENSBORO, KY
- CIK
- 0001730479
- Portfolio Value
- $639.6M (Q1 2025)
- SEC Filing
- 0001730479-25-000002 ↗ filed Apr 11, 2025
Holdings Value
Holdings 613 stocks · $639.6M
| SPY SS SPDR S&P 500 ETF Trust-US | 11.48% | 131,205 | $73.4M | Add +4.7% |
| MSFT Microsoft Corp. | 4.19% | 71,431 | $26.8M | Add +5.7% |
| AAPL Apple Inc. | 4.08% | 117,455 | $26.1M | Reduce -2.7% |
| JPM JPMorgan Chase & Co. | 3.56% | 92,782 | $22.8M | Add +2.1% |
| VTI VG Morningstar TS MKT ETF-US | 2.70% | 62,892 | $17.3M | No change |
| AMZN Amazon.com Inc. | 2.42% | 81,265 | $15.5M | Add +6.7% |
| NVDA Nvidia Corp. | 2.17% | 128,306 | $13.9M | Add +34.1% |
| GOOGL Alphabet Inc. Class A | 2.17% | 89,725 | $13.9M | Add +6.1% |
| V Visa Inc. Class A | 1.72% | 31,447 | $11.0M | Reduce -2.2% |
| META Meta Platforms Inc. Class A | 1.59% | 17,627 | $10.2M | Reduce -1.5% |
| PG The Procter & Gamble Co. | 1.31% | 49,306 | $8.4M | Reduce -2.2% |
| IWR iShares Russell Mid-Cap ETF | 1.17% | 88,239 | $7.5M | Reduce -4.3% |
| VOO Vanguard S&P 500 ETF | 1.16% | 14,406 | $7.4M | Add +0.9% |
| JNJ Johnson & Johnson | 1.15% | 44,404 | $7.4M | Reduce -2.3% |
| EFA iShares MSCI Eafe ETF | 1.14% | 88,898 | $7.3M | Reduce -7.3% |
| LLY Eli Lilly & Co. | 1.07% | 8,317 | $6.9M | Add +8.3% |
| CVX Chevron Corp. | 1.06% | 40,591 | $6.8M | Reduce -4.2% |
| HD Home Depot Inc. | 1.03% | 17,893 | $6.6M | Reduce -0.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.99% | 67,628 | $6.3M | Reduce -1.4% |
| PEP Pepsico Inc. | 0.92% | 39,055 | $5.9M | Reduce -2.3% |
| IWM iShares Russell 2000 ETF | 0.90% | 29,006 | $5.8M | Reduce -1.1% |
| VYM Vanguard High DVD Yield ETF | 0.82% | 40,810 | $5.3M | Add +1.7% |
| ABBV Abbvie Inc. | 0.82% | 25,052 | $5.2M | Reduce -3.0% |
| ADP Automatic Data Processing | 0.80% | 16,665 | $5.1M | No change |
| SPGI S&P Global Inc. | 0.79% | 10,001 | $5.1M | Reduce -0.1% |
| OEF iShares S&P 100 ETF | 0.74% | 17,486 | $4.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.73% | 8,733 | $4.7M | Reduce -0.8% |
| ORCL Oracle Corp. | 0.73% | 33,207 | $4.6M | Add +5.1% |
| WMT Walmart Inc. | 0.71% | 52,056 | $4.6M | Add +0.4% |
| ABT Abbott Laboratories | 0.68% | 32,978 | $4.4M | Reduce -4.3% |
| UNH Unitedhealth Group Inc. | 0.68% | 8,310 | $4.4M | Reduce -22.1% |
| XOM Exxon Mobil Corp. | 0.67% | 35,852 | $4.3M | Reduce -2.7% |
| NEE Nextera Energy Inc. | 0.60% | 54,231 | $3.8M | Add +5.7% |
| VRT Vertiv Holdings Co. Class A | 0.60% | 52,773 | $3.8M | Add +94.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.59% | 5,726 | $3.8M | Reduce -1.8% |
| MA Mastercard Inc. Class A | 0.58% | 6,797 | $3.7M | Add +0.9% |
| MRK Merck & Co. Inc. | 0.57% | 40,647 | $3.6M | Reduce -2.4% |
| LOW Lowe's Cos Inc. | 0.53% | 14,655 | $3.4M | Reduce -1.5% |
| SDY SS SPDR S&P Dividend ETF | 0.52% | 24,517 | $3.3M | Reduce -0.9% |
| DON Wisdomtree US Midcap Dividen | 0.51% | 66,440 | $3.3M | Add +0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.51% | 6,963 | $3.3M | Add +17.3% |
| WM Waste Management Inc. | 0.51% | 14,068 | $3.3M | Reduce -6.8% |
| IVV iShares Core S&P 500 ETF | 0.50% | 5,717 | $3.2M | Add +20.4% |
| MO Altria Group Inc. | 0.50% | 53,135 | $3.2M | Reduce -1.4% |
| CRM Salesforce Inc. | 0.50% | 11,799 | $3.2M | Reduce -5.2% |
| AVGO Broadcom Inc. | 0.49% | 18,775 | $3.1M | Add +24.8% |
| ICE Intercontinental Exchange Inc. | 0.47% | 17,363 | $3.0M | Reduce -1.1% |
| AMD Advanced Micro Devices | 0.47% | 29,065 | $3.0M | Add +5.6% |
| KO The Coca-Cola Co. | 0.45% | 40,430 | $2.9M | Reduce -3.3% |
| EEM iShares MSCI Emerging Market | 0.44% | 65,070 | $2.8M | Add +0.9% |
| SYK Stryker Corp. | 0.44% | 7,507 | $2.8M | Add +0.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.42% | 22,088 | $2.7M | Add +1.3% |
| MCD McDonald's Corp. | 0.42% | 8,584 | $2.7M | Reduce -3.2% |
| PM Philip Morris International | 0.40% | 16,297 | $2.6M | Reduce -6.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.40% | 25,953 | $2.6M | Reduce -1.2% |
| MDY State Street SPDR S&P Midcap | 0.40% | 4,789 | $2.6M | No change |
| COST Costco Wholesale Corp. | 0.38% | 2,566 | $2.4M | Add +9.9% |
| XLE SS Energy Select Sector | 0.38% | 25,760 | $2.4M | Reduce -2.3% |
| GD General Dynamics Corp. | 0.37% | 8,782 | $2.4M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 0.36% | 14,907 | $2.3M | Add +10.2% |
| AVUV Avantis US Small Cap Value | 0.36% | 26,420 | $2.3M | Reduce -0.4% |
| IWF iShares Russell 1000 Growth | 0.36% | 6,363 | $2.3M | No change |
| UPS United Parcel Service Class B | 0.36% | 20,782 | $2.3M | Reduce -1.3% |
| BLK BlackRock Inc. | 0.35% | 2,397 | $2.3M | New |
| USB US Bancorp | 0.35% | 53,275 | $2.2M | Reduce -1.8% |
| TMUS T-Mobile US Inc. | 0.34% | 8,211 | $2.2M | Reduce -1.0% |
| SYY Sysco Corp. | 0.34% | 28,847 | $2.2M | Reduce -1.8% |
| PANW Palo Alto Networks Inc. | 0.33% | 12,536 | $2.1M | Reduce -6.5% |
| CHDN Churchill Downs Inc. | 0.32% | 18,489 | $2.1M | Add +13.5% |
| DVY iShares Select Dividend ETF | 0.32% | 15,215 | $2.0M | No change |
| APD Air Products & Chemicals Inc. | 0.32% | 6,837 | $2.0M | Reduce -17.4% |
| ACN Accenture PLC Class A | 0.31% | 6,406 | $2.0M | Reduce -5.6% |
| RTX RTX Corp. | 0.30% | 14,581 | $1.9M | Add +1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 45,650 | $1.9M | Add +14.9% |
| VGLT Vanguard Long-Term Treasury | 0.29% | 32,298 | $1.9M | Reduce -3.9% |
| HON Honeywell International Inc. | 0.29% | 8,745 | $1.9M | Reduce -4.3% |
| VZ Verizon Communications Inc. | 0.28% | 40,187 | $1.8M | Reduce -2.5% |
| GNRC Generac Holdings Inc. | 0.28% | 14,276 | $1.8M | Add +107.0% |
| IWV iShares Russell 3000 ETF | 0.28% | 5,638 | $1.8M | Reduce -3.3% |
| MDLZ Mondelez International Inc. Class A | 0.28% | 26,375 | $1.8M | Reduce -2.1% |
| UNP Union Pacific Corp. | 0.28% | 7,543 | $1.8M | Add +0.5% |
| PFE Pfizer Inc. | 0.27% | 69,308 | $1.8M | Reduce -6.2% |
| ETN Eaton Corp. PLC | 0.27% | 6,262 | $1.7M | Add +1.5% |
| PAYX Paychex Inc. | 0.26% | 10,936 | $1.7M | Reduce -2.1% |
| ADBE Adobe Inc. | 0.25% | 4,213 | $1.6M | Reduce -2.6% |
| FSLR First Solar Inc. | 0.25% | 12,715 | $1.6M | Add +367.5% |
| TXN Texas Instruments Inc. | 0.25% | 8,873 | $1.6M | Add +0.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.25% | 20,957 | $1.6M | Add +7.2% |
| TFC Truist Financial Corp. | 0.24% | 37,611 | $1.5M | Reduce -4.0% |
| PNC PNC Financial Services Group | 0.24% | 8,743 | $1.5M | Reduce -5.5% |
| TMO Thermo Fisher Scientific Inc. | 0.24% | 3,047 | $1.5M | Reduce -20.3% |
| RSP Invesco S&P 500 Equal Weight | 0.24% | 8,694 | $1.5M | Add +2.9% |
| NSC Norfolk Southern Corp. | 0.23% | 6,324 | $1.5M | Reduce -2.2% |
| WMB Williams Cos Inc. | 0.23% | 24,377 | $1.5M | Reduce -7.7% |
| VCIT Vanguard Int-Term Corporate | 0.23% | 17,675 | $1.4M | Add +1.1% |
| LMT Lockheed Martin Corp. | 0.23% | 3,231 | $1.4M | Reduce -0.8% |
| DHR Danaher Corp. | 0.22% | 6,866 | $1.4M | Add +9.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.22% | 17,591 | $1.4M | Add +0.9% |
| NFLX Netflix Inc. | 0.21% | 1,474 | $1.4M | Add +8.5% |
| MS Morgan Stanley | 0.21% | 11,734 | $1.4M | Reduce -0.9% |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -2.7% | 4.08% | −0.57 |
| UNH Unitedhealth Group Inc. | Reduce -22.1% | 0.68% | −0.15 |
| CRM Salesforce Inc. | Reduce -5.2% | 0.50% | −0.14 |
| STZ Constellation Brands Inc. Class A | Reduce -84.3% | 0.02% | −0.11 |
| IWM iShares Russell 2000 ETF | Reduce -1.1% | 0.90% | −0.09 |
| TGT Target Corp. | Reduce -13.3% | 0.19% | −0.09 |
| IWR iShares Russell Mid-Cap ETF | Reduce -4.3% | 1.17% | −0.08 |
| EXPE Expedia Group Inc. | Reduce -25.7% | 0.16% | −0.08 |
| CSCO Cisco Systems Inc. | Reduce -36.7% | 0.15% | −0.07 |
| GUNR NT Mstar GLBL NR ETF | Reduce -42.0% | 0.12% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -20.3% | 0.24% | −0.07 |
| SU Suncor Energy Inc. | Reduce -63.6% | 0.05% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -2.4% | 0.57% | −0.07 |
| SOXX iShares Semiconductor ETF | Reduce -39.1% | 0.07% | −0.06 |
| SMH Vaneck Semiconductor ETF | Reduce -27.9% | 0.10% | −0.06 |
| ULTA Ulta Beauty Inc. | Reduce -57.5% | 0.03% | −0.06 |
| HD Home Depot Inc. | Reduce -0.9% | 1.03% | −0.06 |
| ACN Accenture PLC Class A | Reduce -5.6% | 0.31% | −0.05 |
| APD Air Products & Chemicals Inc. | Reduce -17.4% | 0.32% | −0.05 |
| UPS United Parcel Service Class B | Reduce -1.3% | 0.36% | −0.05 |
| DIS The Walt Disney Co. | Reduce -1.2% | 0.40% | −0.05 |
| USB US Bancorp | Reduce -1.8% | 0.35% | −0.05 |
| CIVI Civitas Resources Inc. | Reduce -7.7% | 0.12% | −0.05 |
| LIN Linde PLC | Reduce -41.9% | 0.09% | −0.05 |
| ADBE Adobe Inc. | Reduce -2.6% | 0.25% | −0.04 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -28.1% | 0.14% | −0.04 |
| ATO Atmos Energy Corp. | Reduce -29.2% | 0.16% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -6.5% | 0.33% | −0.04 |
| VNQ Vanguard Real Estate ETF | Reduce -18.5% | 0.19% | −0.04 |
| PNC PNC Financial Services Group | Reduce -5.5% | 0.24% | −0.03 |
| AVUV Avantis US Small Cap Value | Reduce -0.4% | 0.36% | −0.03 |
| INTC Intel Corp. | Reduce -95.0% | 0.00% | −0.03 |
| LULU Lululemon Athletica Inc. | Reduce -61.8% | 0.01% | −0.03 |
| ITW Illinois Tool Works | Reduce -12.4% | 0.21% | −0.03 |
| IWS iShares Russell Mid-Cap Valu | Reduce -47.0% | 0.03% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -1.5% | 0.53% | −0.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -1.8% | 0.59% | −0.03 |
| PFF iShares Preferred & Income S | Reduce -14.1% | 0.17% | −0.03 |
| HON Honeywell International Inc. | Reduce -4.3% | 0.29% | −0.03 |
| XLY SS Consumer Disc Select Sect | Reduce -40.7% | 0.03% | −0.03 |
| DLTR Dollar Tree Inc. | Reduce -53.3% | 0.03% | −0.03 |
| LHX L3HARRIS Technologies Inc. | Reduce -90.3% | 0.00% | −0.03 |
| PFE Pfizer Inc. | Reduce -6.2% | 0.27% | −0.03 |
| FDX FedEx Corp. | Reduce -3.3% | 0.14% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -1.5% | 1.59% | −0.02 |
| SRE Sempra | Reduce -29.4% | 0.03% | −0.02 |
| SLB SLB Ltd. | Reduce -23.9% | 0.11% | −0.02 |
| PEP Pepsico Inc. | Reduce -2.3% | 0.92% | −0.02 |
| IWV iShares Russell 3000 ETF | Reduce -3.3% | 0.28% | −0.02 |
| TFC Truist Financial Corp. | Reduce -4.0% | 0.24% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| BLK BlackRock Inc. | New | 0.35% | +0.35 |
| JPM JPMorgan Chase & Co. | Add +2.1% | 3.56% | +0.21 |
| NVDA Nvidia Corp. | Add +34.1% | 2.17% | +0.20 |
| FSLR First Solar Inc. | Add +367.5% | 0.25% | +0.18 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.7% | 11.48% | +0.17 |
| LLY Eli Lilly & Co. | Add +8.3% | 1.07% | +0.16 |
| VRT Vertiv Holdings Co. Class A | Add +94.3% | 0.60% | +0.12 |
| PWR Quanta Services Inc. | Add +278.5% | 0.18% | +0.12 |
| GNRC Generac Holdings Inc. | Add +107.0% | 0.28% | +0.12 |
| BRBR Bellring Brands Inc. | Add +147.8% | 0.14% | +0.08 |
| IVV iShares Core S&P 500 ETF | Add +20.4% | 0.50% | +0.07 |
| VNOM Viper Energy Inc. | New | 0.07% | +0.07 |
| ELF Elf Beauty Inc. | Add +299.8% | 0.13% | +0.07 |
| DKNG Draftkings Inc. Class A | Add +115.9% | 0.14% | +0.07 |
| JEPQ JPM Nasdaq Equity Premium | Add +286.8% | 0.09% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +45.8% | 0.19% | +0.06 |
| FLUT Flutter Entertainment PLC-Di | Add +93.1% | 0.13% | +0.05 |
| COST Costco Wholesale Corp. | Add +9.9% | 0.38% | +0.05 |
| XLB SS Materials Select Sector | Add +286.1% | 0.07% | +0.05 |
| RTX RTX Corp. | Add +1.6% | 0.30% | +0.05 |
| PPG PPG Industries Inc. | Add +244.1% | 0.07% | +0.05 |
| C Citigroup Inc. | Add +34.7% | 0.16% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +17.3% | 0.51% | +0.04 |
| MA Mastercard Inc. Class A | Add +0.9% | 0.58% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | Add +7.2% | 0.25% | +0.04 |
| EFV iShares MSCI Eafe Value ETF | Add +5.9% | 0.21% | +0.04 |
| VYM Vanguard High DVD Yield ETF | Add +1.7% | 0.82% | +0.04 |
| NEE Nextera Energy Inc. | Add +5.7% | 0.60% | +0.03 |
| PLD Prologis Inc. | Add +25.1% | 0.12% | +0.03 |
| EEM iShares MSCI Emerging Market | Add +0.9% | 0.44% | +0.03 |
| BAC Bank of America Corp. | Add +14.9% | 0.30% | +0.03 |
| NFLX Netflix Inc. | Add +8.5% | 0.21% | +0.03 |
| SYK Stryker Corp. | Add +0.6% | 0.44% | +0.02 |
| CP Canadian Pacific Kansas City | Add +23.6% | 0.12% | +0.02 |
| ALL Allstate Corp. | Add +7.9% | 0.10% | +0.02 |
| DUK Duke Energy Corp. | Add +1.2% | 0.11% | +0.02 |
| DE Deere & Co. | Add +1.8% | 0.12% | +0.02 |
| TJX TJX Companies Inc. | Add +1.3% | 0.42% | +0.02 |
| UNP Union Pacific Corp. | Add +0.5% | 0.28% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +24.0% | 0.06% | +0.01 |
| TTWO Take-Two Interactive Softwre | Add +16.1% | 0.06% | +0.01 |
| COP Conocophillips | Add +1.0% | 0.17% | +0.01 |
| MLM Martin Marietta Materials | Add +37.5% | 0.06% | +0.01 |
| DNP DNP Select Income Fund Inc. | Add +196.3% | 0.02% | +0.01 |
| MU Micron Technology Inc. | Add +2.5% | 0.16% | +0.01 |
| PZA Invesco National Amt-Free Mu | Add +134.4% | 0.02% | +0.01 |
| CEG Constellation Energy | Add +73.9% | 0.03% | +0.01 |
| MELI MercadoLibre Inc. | Add +9.8% | 0.05% | +0.01 |
| BSCS Invesco Bulletshares 2028 CB | Add +4.1% | 0.16% | +0.01 |
| BSCT Invesco Bulletshares 2029 CB | Add +3.8% | 0.16% | +0.01 |
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 |