Independence Bank of Kentucky
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Independence Bank of Kentucky reported 615 stock positions worth $705.8 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 11.2% of the portfolio, followed by Microsoft (MSFT, 5.1%) and JPMorgan Chase (JPM, 3.8%). Compared with Q1 2025, it opened 20 new positions, sold out of 18, added to 128 and reduced 179. The biggest buy was Microsoft (MSFT, shares +1%) and the biggest sale Unitedhealth (UNH, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- OWENSBORO, KY
- CIK
- 0001730479
- Portfolio Value
- $705.8M (Q2 2025)
- SEC Filing
- 0001730479-25-000004 ↗ filed Jul 17, 2025
Holdings Value
Holdings 615 stocks · $705.8M
| SPY SS SPDR S&P 500 ETF Trust-US | 11.18% | 127,697 | $78.9M | Reduce -2.7% |
| MSFT Microsoft Corp. | 5.07% | 71,947 | $35.8M | Add +0.7% |
| JPM JPMorgan Chase & Co. | 3.79% | 92,242 | $26.7M | Reduce -0.6% |
| AAPL Apple Inc. | 3.47% | 119,431 | $24.5M | Add +1.7% |
| NVDA Nvidia Corp. | 2.94% | 131,138 | $20.7M | Add +2.2% |
| VTI VG Morningstar TS MKT ETF-US | 2.71% | 62,892 | $19.1M | No change |
| AMZN Amazon.com Inc. | 2.66% | 85,531 | $18.8M | Add +5.3% |
| GOOGL Alphabet Inc. Class A | 2.29% | 91,576 | $16.1M | Add +2.1% |
| META Meta Platforms Inc. Class A | 1.86% | 17,765 | $13.1M | Add +0.8% |
| EFA iShares MSCI Eafe ETF | 1.60% | 126,189 | $11.3M | Add +42.0% |
| V Visa Inc. Class A | 1.59% | 31,608 | $11.2M | Add +0.5% |
| VOO Vanguard S&P 500 ETF | 1.19% | 14,750 | $8.4M | Add +2.4% |
| LLY Eli Lilly & Co. | 1.14% | 10,328 | $8.1M | Add +24.2% |
| IWR iShares Russell Mid-Cap ETF | 1.12% | 86,298 | $7.9M | Reduce -2.2% |
| PG The Procter & Gamble Co. | 1.11% | 49,169 | $7.8M | Reduce -0.3% |
| VRT Vertiv Holdings Co. Class A | 1.08% | 59,114 | $7.6M | Add +12.0% |
| ORCL Oracle Corp. | 1.02% | 32,817 | $7.2M | Reduce -1.2% |
| HD Home Depot Inc. | 0.95% | 18,265 | $6.7M | Add +2.1% |
| JNJ Johnson & Johnson | 0.93% | 42,875 | $6.5M | Reduce -3.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.90% | 67,358 | $6.3M | Reduce -0.4% |
| IWM iShares Russell 2000 ETF | 0.85% | 27,861 | $6.0M | Reduce -4.0% |
| CVX Chevron Corp. | 0.82% | 40,545 | $5.8M | Reduce -0.1% |
| VYM Vanguard High DVD Yield ETF | 0.78% | 41,343 | $5.5M | Add +1.3% |
| OEF iShares S&P 100 ETF | 0.75% | 17,493 | $5.3M | Add +0.0% |
| AVGO Broadcom Inc. | 0.75% | 19,211 | $5.3M | Add +2.3% |
| SPGI S&P Global Inc. | 0.75% | 9,994 | $5.3M | Reduce -0.1% |
| PEP Pepsico Inc. | 0.73% | 39,138 | $5.2M | Add +0.2% |
| WMT Walmart Inc. | 0.73% | 52,776 | $5.2M | Add +1.4% |
| ADP Automatic Data Processing | 0.73% | 16,665 | $5.1M | No change |
| ABBV Abbvie Inc. | 0.69% | 26,110 | $4.8M | Add +4.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.66% | 5,788 | $4.6M | Add +1.1% |
| IVV iShares Core S&P 500 ETF | 0.65% | 7,412 | $4.6M | Add +29.6% |
| ABT Abbott Laboratories | 0.64% | 33,213 | $4.5M | Add +0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.62% | 9,068 | $4.4M | Add +3.8% |
| MA Mastercard Inc. Class A | 0.59% | 7,352 | $4.1M | Add +8.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.58% | 7,462 | $4.1M | Add +7.2% |
| XOM Exxon Mobil Corp. | 0.55% | 35,895 | $3.9M | Add +0.1% |
| NEE Nextera Energy Inc. | 0.53% | 54,164 | $3.8M | Reduce -0.1% |
| SDY SS SPDR S&P Dividend ETF | 0.47% | 24,517 | $3.3M | No change |
| LOW Lowe's Cos Inc. | 0.47% | 14,935 | $3.3M | Add +1.9% |
| CRM Salesforce Inc. | 0.47% | 12,131 | $3.3M | Add +2.8% |
| DON Wisdomtree US Midcap Dividen | 0.47% | 65,984 | $3.3M | Reduce -0.7% |
| AMD Advanced Micro Devices | 0.46% | 22,834 | $3.2M | Reduce -21.4% |
| WM Waste Management Inc. | 0.46% | 14,119 | $3.2M | Add +0.4% |
| MO Altria Group Inc. | 0.44% | 53,085 | $3.1M | Reduce -0.1% |
| ICE Intercontinental Exchange Inc. | 0.44% | 16,932 | $3.1M | Reduce -2.5% |
| MRK Merck & Co. Inc. | 0.44% | 38,946 | $3.1M | Reduce -4.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.43% | 24,681 | $3.1M | Reduce -4.9% |
| EEM iShares MSCI Emerging Market | 0.43% | 62,855 | $3.0M | Reduce -3.4% |
| PM Philip Morris International | 0.42% | 16,146 | $2.9M | Reduce -0.9% |
| KO The Coca-Cola Co. | 0.41% | 40,629 | $2.9M | Add +0.5% |
| SYK Stryker Corp. | 0.40% | 7,192 | $2.8M | Reduce -4.2% |
| PANW Palo Alto Networks Inc. | 0.40% | 13,792 | $2.8M | Add +10.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.40% | 22,798 | $2.8M | Add +3.2% |
| MDY State Street SPDR S&P Midcap | 0.38% | 4,789 | $2.7M | No change |
| IWF iShares Russell 1000 Growth | 0.38% | 6,363 | $2.7M | No change |
| GOOG Alphabet Inc. Class C | 0.38% | 15,092 | $2.7M | Add +1.2% |
| BLK BlackRock Inc. | 0.37% | 2,496 | $2.6M | Add +4.1% |
| COST Costco Wholesale Corp. | 0.37% | 2,629 | $2.6M | Add +2.5% |
| GD General Dynamics Corp. | 0.36% | 8,602 | $2.5M | Reduce -2.0% |
| MCD McDonald's Corp. | 0.34% | 8,333 | $2.4M | Reduce -2.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 51,301 | $2.4M | Add +12.4% |
| GLD SPDR Gold Shares | 0.34% | 7,913 | $2.4M | Add +219.8% |
| UNH Unitedhealth Group Inc. | 0.34% | 7,666 | $2.4M | Reduce -7.8% |
| TMUS T-Mobile US Inc. | 0.34% | 9,933 | $2.4M | Add +21.0% |
| ETN Eaton Corp. PLC | 0.33% | 6,467 | $2.3M | Add +3.3% |
| USB US Bancorp | 0.32% | 50,463 | $2.3M | Reduce -5.3% |
| UPS United Parcel Service Class B | 0.31% | 21,764 | $2.2M | Add +4.7% |
| APD Air Products & Chemicals Inc. | 0.31% | 7,767 | $2.2M | Add +13.6% |
| XLE SS Energy Select Sector | 0.31% | 25,822 | $2.2M | Add +0.2% |
| SYY Sysco Corp. | 0.31% | 28,797 | $2.2M | Reduce -0.2% |
| GNRC Generac Holdings Inc. | 0.31% | 15,167 | $2.2M | Add +6.2% |
| AVDE Avantis International Equity | 0.30% | 29,076 | $2.2M | New |
| ELF Elf Beauty Inc. | 0.30% | 17,234 | $2.1M | Add +26.0% |
| RTX RTX Corp. | 0.30% | 14,611 | $2.1M | Add +0.2% |
| AVUV Avantis US Small Cap Value | 0.30% | 23,259 | $2.1M | Reduce -12.0% |
| VGLT Vanguard Long-Term Treasury | 0.29% | 36,642 | $2.1M | Add +13.4% |
| DVY iShares Select Dividend ETF | 0.29% | 15,440 | $2.1M | Add +1.5% |
| NFLX Netflix Inc. | 0.28% | 1,499 | $2.0M | Add +1.7% |
| HON Honeywell International Inc. | 0.28% | 8,588 | $2.0M | Reduce -1.8% |
| IWV iShares Russell 3000 ETF | 0.28% | 5,634 | $2.0M | Reduce -0.1% |
| ACN Accenture PLC Class A | 0.28% | 6,536 | $2.0M | Add +2.0% |
| CHDN Churchill Downs Inc. | 0.27% | 19,046 | $1.9M | Add +3.0% |
| TXN Texas Instruments Inc. | 0.26% | 8,948 | $1.9M | Add +0.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.26% | 21,861 | $1.8M | Add +4.3% |
| MDLZ Mondelez International Inc. Class A | 0.25% | 26,556 | $1.8M | Add +0.7% |
| PWR Quanta Services Inc. | 0.25% | 4,713 | $1.8M | Add +5.1% |
| VZ Verizon Communications Inc. | 0.25% | 40,612 | $1.8M | Add +1.1% |
| UNP Union Pacific Corp. | 0.25% | 7,611 | $1.8M | Add +0.9% |
| PFE Pfizer Inc. | 0.24% | 70,934 | $1.7M | Add +2.4% |
| MS Morgan Stanley | 0.23% | 11,743 | $1.7M | Add +0.1% |
| GS Goldman Sachs Group Inc. | 0.23% | 2,307 | $1.6M | Add +2.0% |
| PNC PNC Financial Services Group | 0.23% | 8,723 | $1.6M | Reduce -0.2% |
| NSC Norfolk Southern Corp. | 0.23% | 6,274 | $1.6M | Reduce -0.8% |
| PAYX Paychex Inc. | 0.22% | 10,761 | $1.6M | Reduce -1.6% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 3,824 | $1.6M | Add +25.5% |
| UBER Uber Technologies Inc. | 0.22% | 16,574 | $1.5M | Reduce -7.7% |
| SNOW Snowflake Inc. | 0.22% | 6,793 | $1.5M | Reduce -4.6% |
| LMT Lockheed Martin Corp. | 0.21% | 3,269 | $1.5M | Add +1.2% |
| WMB Williams Cos Inc. | 0.21% | 24,024 | $1.5M | Reduce -1.4% |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -7.8% | 0.34% | −0.34 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.7% | 11.18% | −0.30 |
| CVX Chevron Corp. | Reduce -0.1% | 0.82% | −0.24 |
| JNJ Johnson & Johnson | Reduce -3.4% | 0.93% | −0.22 |
| PG The Procter & Gamble Co. | Reduce -0.3% | 1.11% | −0.20 |
| MRK Merck & Co. Inc. | Reduce -4.2% | 0.44% | −0.13 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.13 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -62.9% | 0.05% | −0.10 |
| ADBE Adobe Inc. | Reduce -32.7% | 0.16% | −0.10 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.4% | 0.90% | −0.09 |
| GUNR NT Mstar GLBL NR ETF | Reduce -72.9% | 0.03% | −0.09 |
| FSLR First Solar Inc. | Reduce -44.6% | 0.17% | −0.09 |
| CIVI Civitas Resources Inc. | Reduce -50.9% | 0.04% | −0.07 |
| MCD McDonald's Corp. | Reduce -2.9% | 0.34% | −0.07 |
| NEE Nextera Energy Inc. | Reduce -0.1% | 0.53% | −0.07 |
| AVUV Avantis US Small Cap Value | Reduce -12.0% | 0.30% | −0.06 |
| MO Altria Group Inc. | Reduce -0.1% | 0.44% | −0.06 |
| IWM iShares Russell 2000 ETF | Reduce -4.0% | 0.85% | −0.05 |
| BF.B Brown-Forman Corp. Class B | Reduce -7.3% | 0.10% | −0.05 |
| IWR iShares Russell Mid-Cap ETF | Reduce -2.2% | 1.12% | −0.05 |
| SPGI S&P Global Inc. | Reduce -0.1% | 0.75% | −0.05 |
| DON Wisdomtree US Midcap Dividen | Reduce -0.7% | 0.47% | −0.05 |
| PAYX Paychex Inc. | Reduce -1.6% | 0.22% | −0.04 |
| COP Conocophillips | Reduce -2.0% | 0.13% | −0.04 |
| TFC Truist Financial Corp. | Reduce -12.1% | 0.20% | −0.04 |
| SLB SLB Ltd. | Reduce -12.1% | 0.07% | −0.04 |
| TGT Target Corp. | Reduce -6.6% | 0.15% | −0.04 |
| PFF iShares Preferred & Income S | Reduce -13.1% | 0.13% | −0.04 |
| SYK Stryker Corp. | Reduce -4.2% | 0.40% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.1% | 0.07% | −0.03 |
| RSP Invesco S&P 500 Equal Weight | Reduce -8.9% | 0.20% | −0.03 |
| SBUX Starbucks Corp. | Reduce -7.3% | 0.11% | −0.03 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -25.0% | 0.10% | −0.03 |
| SYY Sysco Corp. | Reduce -0.2% | 0.31% | −0.03 |
| VNQ Vanguard Real Estate ETF | Reduce -4.7% | 0.16% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -2.5% | 0.44% | −0.03 |
| USB US Bancorp | Reduce -5.3% | 0.32% | −0.03 |
| XLB SS Materials Select Sector | Reduce -37.1% | 0.04% | −0.03 |
| CATH Global X S&P 500 Ca Val ETF | Reduce -30.5% | 0.07% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -20.3% | 0.10% | −0.03 |
| AMT American Tower Corp. | Reduce -7.5% | 0.15% | −0.03 |
| AMGN Amgen Inc. | Reduce -0.2% | 0.11% | −0.03 |
| EXPE Expedia Group Inc. | Reduce -7.2% | 0.14% | −0.03 |
| CPRT Copart Inc. | Reduce -0.4% | 0.09% | −0.02 |
| FDX FedEx Corp. | Reduce -0.4% | 0.12% | −0.02 |
| SHEL Shell PLC-ADR | Reduce -0.1% | 0.15% | −0.02 |
| CB Chubb Ltd. | Reduce -12.4% | 0.07% | −0.02 |
| DES Wisdomtree US Smallcap Divid | Reduce -1.6% | 0.17% | −0.02 |
| ITW Illinois Tool Works | Reduce -0.7% | 0.19% | −0.02 |
| VCIT Vanguard Int-Term Corporate | Reduce -1.0% | 0.21% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +0.7% | 5.07% | +0.88 |
| NVDA Nvidia Corp. | Add +2.2% | 2.94% | +0.76 |
| VRT Vertiv Holdings Co. Class A | Add +12.0% | 1.08% | +0.48 |
| EFA iShares MSCI Eafe ETF | Add +42.0% | 1.60% | +0.46 |
| AVDE Avantis International Equity | New | 0.30% | +0.30 |
| META Meta Platforms Inc. Class A | Add +0.8% | 1.86% | +0.27 |
| AVGO Broadcom Inc. | Add +2.3% | 0.75% | +0.26 |
| AMZN Amazon.com Inc. | Add +5.3% | 2.66% | +0.24 |
| GLD SPDR Gold Shares | Add +219.8% | 0.34% | +0.23 |
| ELF Elf Beauty Inc. | Add +26.0% | 0.30% | +0.17 |
| COF Capital One Financial Corp. | Add +253.7% | 0.21% | +0.15 |
| IVV iShares Core S&P 500 ETF | Add +29.6% | 0.65% | +0.15 |
| GOOGL Alphabet Inc. Class A | Add +2.1% | 2.29% | +0.12 |
| PWR Quanta Services Inc. | Add +5.1% | 0.25% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +7.2% | 0.58% | +0.07 |
| NFLX Netflix Inc. | Add +1.7% | 0.28% | +0.07 |
| LLY Eli Lilly & Co. | Add +24.2% | 1.14% | +0.07 |
| PANW Palo Alto Networks Inc. | Add +10.0% | 0.40% | +0.07 |
| VNOM Viper Energy Inc. | Add +154.1% | 0.13% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | Add +1.1% | 0.66% | +0.06 |
| ETN Eaton Corp. PLC | Add +3.3% | 0.33% | +0.06 |
| BRBR Bellring Brands Inc. | Add +91.5% | 0.19% | +0.05 |
| BAC Bank of America Corp. | Add +12.4% | 0.34% | +0.05 |
| SOXX iShares Semiconductor ETF | Add +40.1% | 0.12% | +0.04 |
| MRVL Marvell Technology Inc. | Add +147.5% | 0.06% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +2.0% | 0.23% | +0.04 |
| MDB Mongodb Inc. | New | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +81.6% | 0.06% | +0.03 |
| DKNG Draftkings Inc. Class A | Add +4.3% | 0.17% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +2.4% | 1.19% | +0.03 |
| F Ford Motor Co. | Add +41.6% | 0.10% | +0.03 |
| FLUT Flutter Entertainment PLC-Di | Add +3.0% | 0.16% | +0.03 |
| GNRC Generac Holdings Inc. | Add +6.2% | 0.31% | +0.03 |
| MS Morgan Stanley | Add +0.1% | 0.23% | +0.02 |
| C Citigroup Inc. | Add +3.0% | 0.18% | +0.02 |
| WMT Walmart Inc. | Add +1.4% | 0.73% | +0.02 |
| BLK BlackRock Inc. | Add +4.1% | 0.37% | +0.02 |
| DGRW Wisdomtree U.S. Quality Divi | New | 0.02% | +0.02 |
| CEG Constellation Energy | Add +4.7% | 0.05% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +1.2% | 0.38% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.0% | 0.20% | +0.01 |
| OEF iShares S&P 100 ETF | Add +0.0% | 0.75% | +0.01 |
| TXN Texas Instruments Inc. | Add +0.8% | 0.26% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +18.8% | 0.09% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +20.1% | 0.08% | +0.01 |
| NKE Nike Inc. Class B | Add +42.1% | 0.04% | +0.01 |
| TSLA Tesla Inc. | Add +1.1% | 0.11% | +0.01 |
| BKLN Invesco Senior Loan ETF | New | 0.01% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +4.3% | 0.26% | +0.01 |
| DOW Dow Inc. | Add +176.6% | 0.02% | +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 |