Independence Bank of Kentucky
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 9, 2025), Independence Bank of Kentucky reported 623 stock positions worth $778.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 10.8% of the portfolio, followed by Microsoft (MSFT, 5.0%) and Apple (AAPL, 4.0%). Compared with Q2 2025, it opened 25 new positions, sold out of 17, added to 142 and reduced 159. The biggest buy was Apple (AAPL, shares +2%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- OWENSBORO, KY
- CIK
- 0001730479
- Portfolio Value
- $778.0M (Q3 2025)
- SEC Filing
- 0001730479-25-000005 ↗ filed Oct 9, 2025
Holdings Value
Holdings 623 stocks · $778.0M
| SPY SS SPDR S&P 500 ETF Trust-US | 10.82% | 126,388 | $84.2M | Reduce -1.0% |
| MSFT Microsoft Corp. | 4.96% | 74,441 | $38.6M | Add +3.5% |
| AAPL Apple Inc. | 3.97% | 121,294 | $30.9M | Add +1.6% |
| JPM JPMorgan Chase & Co. | 3.69% | 90,990 | $28.7M | Reduce -1.4% |
| NVDA Nvidia Corp. | 3.07% | 127,844 | $23.9M | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 2.79% | 89,164 | $21.7M | Reduce -2.6% |
| VTI VG Morningstar TS MKT ETF-US | 2.65% | 62,744 | $20.6M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 2.48% | 87,730 | $19.3M | Add +2.6% |
| META Meta Platforms Inc. Class A | 1.68% | 17,747 | $13.0M | Reduce -0.1% |
| EFA iShares MSCI Eafe ETF | 1.48% | 122,954 | $11.5M | Reduce -2.6% |
| LLY Eli Lilly & Co. | 1.42% | 14,521 | $11.1M | Add +40.6% |
| V Visa Inc. Class A | 1.40% | 31,947 | $10.9M | Add +1.1% |
| VOO Vanguard S&P 500 ETF | 1.21% | 15,350 | $9.4M | Add +4.1% |
| ORCL Oracle Corp. | 1.17% | 32,226 | $9.1M | Reduce -1.8% |
| VRT Vertiv Holdings Co. Class A | 1.14% | 58,884 | $8.9M | Reduce -0.4% |
| PG The Procter & Gamble Co. | 1.12% | 56,573 | $8.7M | Add +15.1% |
| IWR iShares Russell Mid-Cap ETF | 1.05% | 84,739 | $8.2M | Reduce -1.8% |
| JNJ Johnson & Johnson | 1.02% | 42,671 | $7.9M | Reduce -0.5% |
| HD Home Depot Inc. | 0.97% | 18,547 | $7.5M | Add +1.5% |
| CVX Chevron Corp. | 0.89% | 44,610 | $6.9M | Add +10.0% |
| IWM iShares Russell 2000 ETF | 0.85% | 27,237 | $6.6M | Reduce -2.2% |
| USMV iShares MSCI USA Min Vol Fac | 0.82% | 67,194 | $6.4M | Reduce -0.2% |
| AVGO Broadcom Inc. | 0.80% | 18,921 | $6.2M | Reduce -1.5% |
| AVDE Avantis International Equity | 0.79% | 77,852 | $6.1M | Add +167.8% |
| ABBV Abbvie Inc. | 0.79% | 26,476 | $6.1M | Add +1.4% |
| OEF iShares S&P 100 ETF | 0.76% | 17,787 | $5.9M | Add +1.7% |
| VYM Vanguard High DVD Yield ETF | 0.75% | 41,277 | $5.8M | Reduce -0.2% |
| WMT Walmart Inc. | 0.73% | 55,236 | $5.7M | Add +4.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.73% | 5,860 | $5.7M | Add +1.2% |
| PEP Pepsico Inc. | 0.72% | 39,720 | $5.6M | Add +1.5% |
| SPGI S&P Global Inc. | 0.64% | 10,211 | $5.0M | Add +2.2% |
| XOM Exxon Mobil Corp. | 0.63% | 43,785 | $4.9M | Add +22.0% |
| IVV iShares Core S&P 500 ETF | 0.63% | 7,330 | $4.9M | Reduce -1.1% |
| ADP Automatic Data Processing | 0.63% | 16,665 | $4.9M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 9,511 | $4.8M | Add +4.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.58% | 7,501 | $4.5M | Add +0.5% |
| MA Mastercard Inc. Class A | 0.57% | 7,808 | $4.4M | Add +6.2% |
| ABT Abbott Laboratories | 0.56% | 32,516 | $4.4M | Reduce -2.1% |
| NEE Nextera Energy Inc. | 0.54% | 56,012 | $4.2M | Add +3.4% |
| WM Waste Management Inc. | 0.51% | 17,968 | $4.0M | Add +27.3% |
| GOOG Alphabet Inc. Class C | 0.51% | 16,291 | $4.0M | Add +7.9% |
| AMD Advanced Micro Devices | 0.48% | 22,954 | $3.7M | Add +0.5% |
| LOW Lowe's Cos Inc. | 0.47% | 14,687 | $3.7M | Reduce -1.7% |
| KO The Coca-Cola Co. | 0.46% | 54,059 | $3.6M | Add +33.1% |
| DON Wisdomtree US Midcap Dividen | 0.44% | 65,834 | $3.4M | Reduce -0.2% |
| SDY SS SPDR S&P Dividend ETF | 0.44% | 24,517 | $3.4M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.44% | 23,730 | $3.4M | Add +4.1% |
| EEM iShares MSCI Emerging Market | 0.44% | 63,670 | $3.4M | Add +1.3% |
| MRK Merck & Co. Inc. | 0.43% | 39,676 | $3.3M | Add +1.9% |
| PM Philip Morris International | 0.43% | 20,387 | $3.3M | Add +26.3% |
| PANW Palo Alto Networks Inc. | 0.40% | 15,369 | $3.1M | Add +11.4% |
| COST Costco Wholesale Corp. | 0.39% | 3,305 | $3.1M | Add +25.7% |
| IWF iShares Russell 1000 Growth | 0.39% | 6,443 | $3.0M | Add +1.3% |
| TMUS T-Mobile US Inc. | 0.38% | 12,353 | $3.0M | Add +24.4% |
| CRM Salesforce Inc. | 0.38% | 12,364 | $2.9M | Add +1.9% |
| GD General Dynamics Corp. | 0.38% | 8,562 | $2.9M | Reduce -0.5% |
| MDY State Street SPDR S&P Midcap | 0.37% | 4,789 | $2.9M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.36% | 24,712 | $2.8M | Add +0.1% |
| ICE Intercontinental Exchange Inc. | 0.36% | 16,733 | $2.8M | Reduce -1.2% |
| BLK BlackRock Inc. | 0.36% | 2,410 | $2.8M | Reduce -3.5% |
| GLD SPDR Gold Shares | 0.35% | 7,759 | $2.8M | Reduce -1.9% |
| UNH Unitedhealth Group Inc. | 0.35% | 7,940 | $2.7M | Add +3.6% |
| MCD McDonald's Corp. | 0.35% | 8,871 | $2.7M | Add +6.5% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 0.34% | 52,221 | $2.7M | New |
| SYK Stryker Corp. | 0.34% | 7,189 | $2.7M | Reduce -0.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 50,910 | $2.6M | Reduce -0.8% |
| GNRC Generac Holdings Inc. | 0.32% | 15,084 | $2.5M | Reduce -0.6% |
| ELF Elf Beauty Inc. | 0.32% | 18,594 | $2.5M | Add +7.9% |
| ETN Eaton Corp. PLC | 0.31% | 6,485 | $2.4M | Add +0.3% |
| SYY Sysco Corp. | 0.30% | 28,697 | $2.4M | Reduce -0.3% |
| PNC PNC Financial Services Group | 0.30% | 11,638 | $2.3M | Add +33.4% |
| USB US Bancorp | 0.30% | 48,028 | $2.3M | Reduce -4.8% |
| XLE SS Energy Select Sector | 0.29% | 25,087 | $2.2M | Reduce -2.9% |
| AVUV Avantis US Small Cap Value | 0.28% | 22,255 | $2.2M | Reduce -4.3% |
| NFLX Netflix Inc. | 0.28% | 1,840 | $2.2M | Add +22.8% |
| DVY iShares Select Dividend ETF | 0.28% | 15,440 | $2.2M | No change |
| MO Altria Group Inc. | 0.27% | 32,318 | $2.1M | Reduce -39.1% |
| IWV iShares Russell 3000 ETF | 0.27% | 5,620 | $2.1M | Reduce -0.3% |
| APD Air Products & Chemicals Inc. | 0.27% | 7,777 | $2.1M | Add +0.1% |
| MU Micron Technology Inc. | 0.27% | 12,571 | $2.1M | Add +8.9% |
| HON Honeywell International Inc. | 0.26% | 9,691 | $2.0M | Add +12.8% |
| PWR Quanta Services Inc. | 0.25% | 4,765 | $2.0M | Add +1.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.25% | 22,484 | $2.0M | Add +2.9% |
| MDLZ Mondelez International Inc. Class A | 0.24% | 30,431 | $1.9M | Add +14.6% |
| ACN Accenture PLC Class A | 0.24% | 7,499 | $1.8M | Add +14.7% |
| UNP Union Pacific Corp. | 0.23% | 7,624 | $1.8M | Add +0.2% |
| MS Morgan Stanley | 0.23% | 11,327 | $1.8M | Reduce -3.5% |
| RTX RTX Corp. | 0.23% | 10,691 | $1.8M | Reduce -26.8% |
| PFE Pfizer Inc. | 0.23% | 69,043 | $1.8M | Reduce -2.7% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 3,564 | $1.7M | Reduce -6.8% |
| UPS United Parcel Service Class B | 0.22% | 20,654 | $1.7M | Reduce -5.1% |
| UBER Uber Technologies Inc. | 0.22% | 17,569 | $1.7M | Add +6.0% |
| LMT Lockheed Martin Corp. | 0.22% | 3,438 | $1.7M | Add +5.2% |
| PNFP Pinnacle Financial Partners | 0.22% | 18,290 | $1.7M | Add +158.7% |
| FISV Fiserv Inc. | 0.22% | 13,131 | $1.7M | Add +478.2% |
| TXN Texas Instruments Inc. | 0.21% | 8,948 | $1.6M | No change |
| WMB Williams Cos Inc. | 0.21% | 25,589 | $1.6M | Add +6.5% |
| GS Goldman Sachs Group Inc. | 0.21% | 2,034 | $1.6M | Reduce -11.8% |
| COF Capital One Financial Corp. | 0.20% | 7,468 | $1.6M | Add +7.8% |
| CHDN Churchill Downs Inc. | 0.20% | 16,255 | $1.6M | Reduce -14.7% |
Portfolio Sells Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.0% | 10.82% | −0.36 |
| META Meta Platforms Inc. Class A | Reduce -0.1% | 1.68% | −0.18 |
| MO Altria Group Inc. | Reduce -39.1% | 0.27% | −0.17 |
| VGLT Vanguard Long-Term Treasury | Reduce -46.3% | 0.14% | −0.15 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.13 |
| EFA iShares MSCI Eafe ETF | Reduce -2.6% | 1.48% | −0.12 |
| JPM JPMorgan Chase & Co. | Reduce -1.4% | 3.69% | −0.10 |
| UPS United Parcel Service Class B | Reduce -5.1% | 0.22% | −0.09 |
| ABT Abbott Laboratories | Reduce -2.1% | 0.56% | −0.08 |
| ICE Intercontinental Exchange Inc. | Reduce -1.2% | 0.36% | −0.08 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.2% | 0.82% | −0.07 |
| IWR iShares Russell Mid-Cap ETF | Reduce -1.8% | 1.05% | −0.07 |
| RTX RTX Corp. | Reduce -26.8% | 0.23% | −0.07 |
| CHDN Churchill Downs Inc. | Reduce -14.7% | 0.20% | −0.07 |
| SYK Stryker Corp. | Reduce -0.0% | 0.34% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.2% | 2.65% | −0.06 |
| NSC Norfolk Southern Corp. | Reduce -31.0% | 0.17% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -15.8% | 0.19% | −0.06 |
| ADBE Adobe Inc. | Reduce -15.7% | 0.11% | −0.05 |
| SCHW Schwab (charles) Corp. | Reduce -22.5% | 0.13% | −0.05 |
| CVS CVS Health Corp. | Reduce -56.3% | 0.03% | −0.04 |
| TFC Truist Financial Corp. | Reduce -15.3% | 0.16% | −0.04 |
| BLV Vanguard Long-Term Bond ETF | Reduce -71.1% | 0.01% | −0.04 |
| TGT Target Corp. | Reduce -6.0% | 0.12% | −0.03 |
| SYBT Stock Yards Bancorp Inc. | Reduce -1.8% | 0.13% | −0.03 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.2% | 0.75% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -8.3% | 0.13% | −0.03 |
| IBM Intl Business Machines Corp. | Reduce -2.3% | 0.15% | −0.03 |
| DON Wisdomtree US Midcap Dividen | Reduce -0.2% | 0.44% | −0.03 |
| GUNR NT Mstar GLBL NR ETF | Reduce -81.4% | 0.01% | −0.03 |
| USB US Bancorp | Reduce -4.8% | 0.30% | −0.03 |
| RSP Invesco S&P 500 Equal Weight | Reduce -7.3% | 0.18% | −0.02 |
| SLB SLB Ltd. | Reduce -28.4% | 0.05% | −0.02 |
| DHR Danaher Corp. | Reduce -4.2% | 0.17% | −0.02 |
| VCIT Vanguard Int-Term Corporate | Reduce -3.9% | 0.18% | −0.02 |
| NVS Novartis AG-Sponsored ADR | Reduce -11.4% | 0.13% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -11.8% | 0.21% | −0.02 |
| XLE SS Energy Select Sector | Reduce -2.9% | 0.29% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -1.1% | 0.63% | −0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -1.4% | 0.18% | −0.02 |
| CL Colgate-Palmolive Co. | Reduce -0.3% | 0.08% | −0.02 |
| PGX Invesco Preferred ETF | Reduce -32.1% | 0.04% | −0.02 |
| FTNT Fortinet Inc. | Reduce -35.4% | 0.02% | −0.02 |
| XLI SS Industrial Select Sector | Reduce -7.6% | 0.13% | −0.02 |
| DLTR Dollar Tree Inc. | Reduce -68.2% | 0.01% | −0.02 |
| PFE Pfizer Inc. | Reduce -2.7% | 0.23% | −0.02 |
| DOW Dow Inc. | Reduce -70.1% | 0.01% | −0.02 |
| NTRS Northern Trust Corp. | Reduce -43.4% | 0.02% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Reduce -4.4% | 0.02% | −0.02 |
| EFV iShares MSCI Eafe Value ETF | Reduce -5.1% | 0.18% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +1.6% | 3.97% | +0.50 |
| AVDE Avantis International Equity | Add +167.8% | 0.79% | +0.48 |
| JMTG Mortgage-Backed Securities | New | 0.34% | +0.34 |
| LLY Eli Lilly & Co. | Add +40.6% | 1.42% | +0.28 |
| FISV Fiserv Inc. | Add +478.2% | 0.22% | +0.16 |
| GOOG Alphabet Inc. Class C | Add +7.9% | 0.51% | +0.13 |
| EXE Expand Energy Corp. | New | 0.11% | +0.11 |
| PNFP Pinnacle Financial Partners | Add +158.7% | 0.22% | +0.11 |
| ABBV Abbvie Inc. | Add +1.4% | 0.79% | +0.10 |
| MDB Mongodb Inc. | Add +147.0% | 0.12% | +0.09 |
| XOM Exxon Mobil Corp. | Add +22.0% | 0.63% | +0.09 |
| AVEM Avantis Emerging Markets Eq | New | 0.08% | +0.08 |
| ASML ASML Holding NV-NY Reg SHS | Add +1.2% | 0.73% | +0.07 |
| PNC PNC Financial Services Group | Add +33.4% | 0.30% | +0.07 |
| MU Micron Technology Inc. | Add +8.9% | 0.27% | +0.07 |
| CVX Chevron Corp. | Add +10.0% | 0.89% | +0.07 |
| BSX Boston Scientific Corp. | Add +1602.9% | 0.07% | +0.07 |
| MUB iShares National Muni Bond E | Add +66.3% | 0.16% | +0.06 |
| KO The Coca-Cola Co. | Add +33.1% | 0.46% | +0.05 |
| WM Waste Management Inc. | Add +27.3% | 0.51% | +0.05 |
| GEV GE Vernova Inc. | Add +96.4% | 0.10% | +0.05 |
| TMUS T-Mobile US Inc. | Add +24.4% | 0.38% | +0.04 |
| EQIX Equinix Inc. | Add +63.7% | 0.14% | +0.04 |
| TJX TJX Companies Inc. | Add +4.1% | 0.44% | +0.04 |
| BP BP PLC-Spons ADR | Add +98.3% | 0.08% | +0.04 |
| GE General Electric | Add +35.6% | 0.12% | +0.04 |
| EXPE Expedia Group Inc. | Add +5.9% | 0.17% | +0.03 |
| XLK SS Technology Select Sector | Add +23.9% | 0.14% | +0.03 |
| COST Costco Wholesale Corp. | Add +25.7% | 0.39% | +0.02 |
| HIG Hartford Insurance Group Inc. | New | 0.02% | +0.02 |
| KMI Kinder Morgan Inc. | Add +147.0% | 0.04% | +0.02 |
| KRE SS SPDR S&P Regional Bank | New | 0.02% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +4.1% | 1.21% | +0.02 |
| AMD Advanced Micro Devices | Add +0.5% | 0.48% | +0.02 |
| CP Canadian Pacific Kansas City | Add +35.4% | 0.13% | +0.02 |
| HD Home Depot Inc. | Add +1.5% | 0.97% | +0.02 |
| LRCX Lam Research Corp. | New | 0.02% | +0.02 |
| PGR Progressive Corp. | Add +420.0% | 0.02% | +0.02 |
| FANG Diamondback Energy Inc. | Add +22.3% | 0.11% | +0.02 |
| IQV Iqvia Holdings Inc. | Add +94.7% | 0.03% | +0.01 |
| CAT Caterpillar Inc. | Add +0.2% | 0.14% | +0.01 |
| BSCY Invesco Bulletshares 2034 CB | Add +160.9% | 0.02% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +3.6% | 0.35% | +0.01 |
| YUM Yum! Brands Inc. | Add +20.5% | 0.12% | +0.01 |
| ELF Elf Beauty Inc. | Add +7.9% | 0.32% | +0.01 |
| IWO iShares Russell 2000 Growth | Add +40.7% | 0.04% | +0.01 |
| MLM Martin Marietta Materials | Add +15.1% | 0.07% | +0.01 |
| AVUS Avantis U.S. Equity ETF | New | 0.01% | +0.01 |
| T AT&T Inc. | Add +42.3% | 0.05% | +0.01 |
| NEE Nextera Energy Inc. | Add +3.4% | 0.54% | +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 |