Independence Bank of Kentucky
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Independence Bank of Kentucky reported 724 stock positions worth $803.9 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 10.9% of the portfolio, followed by Microsoft (MSFT, 4.7%) and Apple (AAPL, 4.0%). Compared with Q3 2025, it opened 134 new positions, sold out of 33, added to 190 and reduced 193. The biggest buy was Avantis International Equity (AVDE, shares +55%) and the biggest sale Elf Beauty (ELF, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- OWENSBORO, KY
- CIK
- 0001730479
- Portfolio Value
- $803.9M (Q4 2025)
- SEC Filing
- 0001730479-26-000001 ↗ filed Jan 20, 2026
Holdings Value
Holdings 724 stocks · $803.9M
| SPY SS SPDR S&P 500 ETF Trust-US | 10.87% | 128,129 | $87.4M | Add +1.4% |
| MSFT Microsoft Corp. | 4.66% | 77,513 | $37.5M | Add +4.1% |
| AAPL Apple Inc. | 4.04% | 119,480 | $32.5M | Reduce -1.5% |
| JPM JPMorgan Chase & Co. | 3.66% | 91,193 | $29.4M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 3.37% | 86,621 | $27.1M | Reduce -2.9% |
| NVDA Nvidia Corp. | 2.98% | 128,613 | $24.0M | Add +0.6% |
| VTI VG Morningstar TS MKT ETF-US | 2.62% | 62,744 | $21.0M | No change |
| AMZN Amazon.com Inc. | 2.56% | 89,001 | $20.5M | Add +1.4% |
| LLY Eli Lilly & Co. | 1.85% | 13,833 | $14.9M | Reduce -4.7% |
| META Meta Platforms Inc. Class A | 1.53% | 18,678 | $12.3M | Add +5.3% |
| EFA iShares MSCI Eafe ETF | 1.46% | 122,426 | $11.8M | Reduce -0.4% |
| V Visa Inc. Class A | 1.39% | 31,931 | $11.2M | Reduce -0.1% |
| VOO Vanguard S&P 500 ETF | 1.31% | 16,834 | $10.6M | Add +9.7% |
| AVDE Avantis International Equity | 1.23% | 120,597 | $9.9M | Add +54.9% |
| VRT Vertiv Holdings Co. Class A | 1.14% | 56,593 | $9.2M | Reduce -3.9% |
| JNJ Johnson & Johnson | 1.09% | 42,373 | $8.8M | Reduce -0.7% |
| IWR iShares Russell Mid-Cap ETF | 1.05% | 87,677 | $8.4M | Add +3.5% |
| PG The Procter & Gamble Co. | 1.01% | 56,648 | $8.1M | Add +0.1% |
| IWM iShares Russell 2000 ETF | 0.85% | 27,680 | $6.8M | Add +1.6% |
| AVGO Broadcom Inc. | 0.85% | 19,640 | $6.8M | Add +3.8% |
| CVX Chevron Corp. | 0.83% | 43,936 | $6.7M | Reduce -1.5% |
| ORCL Oracle Corp. | 0.81% | 33,389 | $6.5M | Add +3.6% |
| HD Home Depot Inc. | 0.80% | 18,579 | $6.4M | Add +0.2% |
| ABBV Abbvie Inc. | 0.78% | 27,275 | $6.2M | Add +3.0% |
| USMV iShares MSCI USA Min Vol Fac | 0.76% | 64,843 | $6.1M | Reduce -3.5% |
| WMT Walmart Inc. | 0.76% | 54,717 | $6.1M | Reduce -0.9% |
| OEF iShares S&P 100 ETF | 0.76% | 17,697 | $6.1M | Reduce -0.5% |
| VYM Vanguard High DVD Yield ETF | 0.74% | 41,277 | $5.9M | No change |
| PEP Pepsico Inc. | 0.71% | 39,688 | $5.7M | Reduce -0.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.68% | 5,119 | $5.5M | Reduce -12.7% |
| SPGI S&P Global Inc. | 0.67% | 10,346 | $5.4M | Add +1.3% |
| XOM Exxon Mobil Corp. | 0.66% | 43,974 | $5.3M | Add +0.4% |
| GOOG Alphabet Inc. Class C | 0.64% | 16,374 | $5.1M | Add +0.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.63% | 8,191 | $5.0M | Add +9.2% |
| IVV iShares Core S&P 500 ETF | 0.62% | 7,248 | $5.0M | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.58% | 9,355 | $4.7M | Reduce -1.6% |
| AMD Advanced Micro Devices | 0.58% | 21,773 | $4.7M | Reduce -5.2% |
| MA Mastercard Inc. Class A | 0.56% | 7,861 | $4.5M | Add +0.7% |
| WM Waste Management Inc. | 0.54% | 19,670 | $4.3M | Add +9.5% |
| ADP Automatic Data Processing | 0.53% | 16,676 | $4.3M | Add +0.1% |
| NEE Nextera Energy Inc. | 0.51% | 51,331 | $4.1M | Reduce -8.4% |
| MRK Merck & Co. Inc. | 0.51% | 38,846 | $4.1M | Reduce -2.1% |
| ABT Abbott Laboratories | 0.51% | 32,540 | $4.1M | Add +0.1% |
| KO The Coca-Cola Co. | 0.48% | 55,461 | $3.9M | Add +2.6% |
| LOW Lowe's Cos Inc. | 0.44% | 14,743 | $3.6M | Add +0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.43% | 22,664 | $3.5M | Reduce -4.5% |
| EEM iShares MSCI Emerging Market | 0.43% | 62,985 | $3.4M | Reduce -1.1% |
| PM Philip Morris International | 0.43% | 21,354 | $3.4M | Add +4.7% |
| SDY SS SPDR S&P Dividend ETF | 0.42% | 24,517 | $3.4M | No change |
| DON Wisdomtree US Midcap Dividen | 0.42% | 65,834 | $3.4M | No change |
| IWF iShares Russell 1000 Growth | 0.42% | 7,053 | $3.3M | Add +9.5% |
| CRM Salesforce Inc. | 0.41% | 12,502 | $3.3M | Add +1.1% |
| MU Micron Technology Inc. | 0.39% | 10,957 | $3.1M | Reduce -12.8% |
| GLD SPDR Gold Shares | 0.38% | 7,668 | $3.0M | Reduce -1.2% |
| NFLX Netflix Inc. | 0.38% | 32,226 | $3.0M | Add +75.1% |
| AVEM Avantis Emerging Markets Eq | 0.36% | 38,102 | $2.9M | Add +335.7% |
| COST Costco Wholesale Corp. | 0.36% | 3,381 | $2.9M | Add +2.3% |
| MDY State Street SPDR S&P Midcap | 0.36% | 4,809 | $2.9M | Add +0.4% |
| TMUS T-Mobile US Inc. | 0.35% | 14,018 | $2.8M | Add +13.5% |
| ICE Intercontinental Exchange Inc. | 0.35% | 17,531 | $2.8M | Add +4.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.35% | 51,574 | $2.8M | Add +1.3% |
| GD General Dynamics Corp. | 0.35% | 8,359 | $2.8M | Reduce -2.4% |
| UNH Unitedhealth Group Inc. | 0.35% | 8,441 | $2.8M | Add +6.3% |
| MCD McDonald's Corp. | 0.34% | 9,026 | $2.8M | Add +1.8% |
| PANW Palo Alto Networks Inc. | 0.33% | 14,558 | $2.7M | Reduce -5.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 23,157 | $2.6M | Reduce -6.3% |
| SYK Stryker Corp. | 0.32% | 7,406 | $2.6M | Add +3.0% |
| BLK BlackRock Inc. | 0.32% | 2,407 | $2.6M | Reduce -0.1% |
| DVY iShares Select Dividend ETF | 0.32% | 17,970 | $2.5M | Add +16.4% |
| USB US Bancorp | 0.31% | 47,406 | $2.5M | Reduce -1.3% |
| GNRC Generac Holdings Inc. | 0.31% | 18,463 | $2.5M | Add +22.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.30% | 27,396 | $2.5M | Add +21.9% |
| PNC PNC Financial Services Group | 0.30% | 11,734 | $2.4M | Add +0.8% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 0.30% | 47,332 | $2.4M | Reduce -9.4% |
| XLE SS Energy Select Sector | 0.28% | 49,874 | $2.2M | Reduce -0.6% |
| ETN Eaton Corp. PLC | 0.27% | 6,877 | $2.2M | Add +6.0% |
| SYY Sysco Corp. | 0.26% | 28,766 | $2.1M | Add +0.2% |
| IWV iShares Russell 3000 ETF | 0.26% | 5,479 | $2.1M | Reduce -2.5% |
| AVUV Avantis US Small Cap Value | 0.26% | 20,715 | $2.1M | Reduce -6.9% |
| MS Morgan Stanley | 0.25% | 11,306 | $2.0M | Reduce -0.2% |
| PWR Quanta Services Inc. | 0.25% | 4,672 | $2.0M | Reduce -1.9% |
| TMO Thermo Fisher Scientific Inc. | 0.24% | 3,374 | $2.0M | Reduce -5.3% |
| C Citigroup Inc. | 0.24% | 16,719 | $2.0M | Add +20.5% |
| HON Honeywell International Inc. | 0.24% | 9,975 | $1.9M | Add +2.9% |
| ACN Accenture PLC Class A | 0.24% | 7,145 | $1.9M | Reduce -4.7% |
| COF Capital One Financial Corp. | 0.24% | 7,832 | $1.9M | Add +4.9% |
| APD Air Products & Chemicals Inc. | 0.23% | 7,646 | $1.9M | Reduce -1.7% |
| RTX RTX Corp. | 0.23% | 10,136 | $1.9M | Reduce -5.2% |
| FSLR First Solar Inc. | 0.23% | 7,045 | $1.8M | No change |
| UPS United Parcel Service Class B | 0.23% | 18,463 | $1.8M | Reduce -10.6% |
| MO Altria Group Inc. | 0.22% | 31,002 | $1.8M | Reduce -4.1% |
| UNP Union Pacific Corp. | 0.22% | 7,688 | $1.8M | Add +0.8% |
| GS Goldman Sachs Group Inc. | 0.22% | 2,000 | $1.8M | Reduce -1.7% |
| PNFP Pinnacle Financial Partners | 0.22% | 18,215 | $1.7M | Reduce -0.4% |
| WMB Williams Cos Inc. | 0.21% | 28,542 | $1.7M | Add +11.5% |
| PFE Pfizer Inc. | 0.21% | 68,165 | $1.7M | Reduce -1.3% |
| LMT Lockheed Martin Corp. | 0.21% | 3,448 | $1.7M | Add +0.3% |
| SNOW Snowflake Inc. | 0.21% | 7,515 | $1.6M | Add +9.0% |
| EXPE Expedia Group Inc. | 0.20% | 5,661 | $1.6M | Reduce -6.9% |
| MDLZ Mondelez International Inc. Class A | 0.20% | 29,263 | $1.6M | Reduce -3.8% |
Portfolio Sells Q3 2025 → Q4 2025
| ELF Elf Beauty Inc. | Reduce -17.1% | 0.15% | −0.17 |
| FISV Fiserv Inc. | Reduce -18.5% | 0.09% | −0.13 |
| BRBR Bellring Brands Inc. | Reduce -68.7% | 0.03% | −0.10 |
| JEPI JPMorgan Equity Premium Inco | Reduce -83.0% | 0.02% | −0.08 |
| TSLA Tesla Inc. | Reduce -55.6% | 0.06% | −0.08 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -93.2% | 0.01% | −0.07 |
| UL Unilever PLC | Sold out | 0.00% | −0.07 |
| PANW Palo Alto Networks Inc. | Reduce -5.3% | 0.33% | −0.07 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -3.5% | 0.76% | −0.06 |
| CVX Chevron Corp. | Reduce -1.5% | 0.83% | −0.06 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.05 |
| CP Canadian Pacific Kansas City | Reduce -36.5% | 0.08% | −0.05 |
| MO Altria Group Inc. | Reduce -4.1% | 0.22% | −0.05 |
| FLUT Flutter Entertainment PLC-Di | Reduce -22.9% | 0.09% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -3.8% | 0.20% | −0.05 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -12.7% | 0.68% | −0.05 |
| CPRT Copart Inc. | Reduce -49.9% | 0.03% | −0.05 |
| JMTG Mortgage-Backed Securities | Reduce -9.4% | 0.30% | −0.04 |
| CHDN Churchill Downs Inc. | Reduce -29.7% | 0.16% | −0.04 |
| BLK BlackRock Inc. | Reduce -0.1% | 0.32% | −0.04 |
| APD Air Products & Chemicals Inc. | Reduce -1.7% | 0.23% | −0.04 |
| DIS The Walt Disney Co. | Reduce -6.3% | 0.33% | −0.04 |
| TXN Texas Instruments Inc. | Reduce -6.8% | 0.18% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -8.4% | 0.51% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 0.58% | −0.03 |
| BF.B Brown-Forman Corp. Class B | Reduce -28.0% | 0.06% | −0.03 |
| VGLT Vanguard Long-Term Treasury | Reduce -15.4% | 0.12% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -4.8% | 0.16% | −0.03 |
| HUM Humana Inc. | Reduce -29.7% | 0.06% | −0.03 |
| AMT American Tower Corp. | Reduce -12.2% | 0.10% | −0.03 |
| EFAV iShares MSCI Eafe Min Vol Fa | Sold out | 0.00% | −0.03 |
| GD General Dynamics Corp. | Reduce -2.4% | 0.35% | −0.03 |
| ADBE Adobe Inc. | Reduce -19.2% | 0.08% | −0.02 |
| ALL Allstate Corp. | Reduce -20.0% | 0.07% | −0.02 |
| NSC Norfolk Southern Corp. | Reduce -6.8% | 0.14% | −0.02 |
| AVUV Avantis US Small Cap Value | Reduce -6.9% | 0.26% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -9.9% | 0.11% | −0.02 |
| PFF iShares Preferred & Income S | Reduce -12.1% | 0.10% | −0.02 |
| ITW Illinois Tool Works | Reduce -1.6% | 0.17% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -7.3% | 0.16% | −0.02 |
| EQIX Equinix Inc. | Reduce -6.7% | 0.13% | −0.02 |
| NET Cloudflare Inc. Class A | Reduce -7.4% | 0.07% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -4.7% | 0.13% | −0.02 |
| FDX FedEx Corp. | Reduce -27.3% | 0.10% | −0.02 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.02 |
| NFRA NT GLBL BRD Infra ETF | Reduce -32.2% | 0.03% | −0.01 |
| PFE Pfizer Inc. | Reduce -1.3% | 0.21% | −0.01 |
| BP BP PLC-Spons ADR | Reduce -16.4% | 0.06% | −0.01 |
| CIVI Civitas Resources Inc. | Reduce -16.5% | 0.03% | −0.01 |
| COP Conocophillips | Reduce -8.3% | 0.10% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| AVDE Avantis International Equity | Add +54.9% | 1.23% | +0.45 |
| AVEM Avantis Emerging Markets Eq | Add +335.7% | 0.36% | +0.28 |
| RDDT Reddit Inc. Class A | New | 0.14% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +0.5% | 0.64% | +0.13 |
| VOO Vanguard S&P 500 ETF | Add +9.7% | 1.31% | +0.10 |
| IBIT iShares Bitcoin Trust ETF | Add +17023.0% | 0.11% | +0.10 |
| EQT Eqt Corp. | New | 0.10% | +0.10 |
| NFLX Netflix Inc. | Add +75.1% | 0.38% | +0.09 |
| AMZN Amazon.com Inc. | Add +1.4% | 2.56% | +0.08 |
| C Citigroup Inc. | Add +20.5% | 0.24% | +0.06 |
| IEFA iShares Core MSCI Eafe ETF | Add +21.9% | 0.30% | +0.05 |
| QUAL iShares MSCI USA Quality Fac | Add +90.6% | 0.11% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +9.2% | 0.63% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.4% | 10.87% | +0.05 |
| AVGO Broadcom Inc. | Add +3.8% | 0.85% | +0.04 |
| MELI MercadoLibre Inc. | Add +88.8% | 0.11% | +0.04 |
| IEMG iShares Core MSCI Emerging | Add +50.5% | 0.12% | +0.04 |
| XLK SS Technology Select Sector | Add +28.4% | 0.18% | +0.04 |
| CRM Salesforce Inc. | Add +1.1% | 0.41% | +0.04 |
| CAT Caterpillar Inc. | Add +7.4% | 0.17% | +0.03 |
| SPGI S&P Global Inc. | Add +1.3% | 0.67% | +0.03 |
| DVY iShares Select Dividend ETF | Add +16.4% | 0.32% | +0.03 |
| CMI Cummins Inc. | Add +5.7% | 0.17% | +0.03 |
| COF Capital One Financial Corp. | Add +4.9% | 0.24% | +0.03 |
| NOW ServiceNow Inc. | Add +104.1% | 0.08% | +0.03 |
| GEV GE Vernova Inc. | Add +28.2% | 0.13% | +0.03 |
| WM Waste Management Inc. | Add +9.5% | 0.54% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +9.5% | 0.42% | +0.03 |
| CI The Cigna Group | Add +146.5% | 0.05% | +0.03 |
| XOM Exxon Mobil Corp. | Add +0.4% | 0.66% | +0.02 |
| KO The Coca-Cola Co. | Add +2.6% | 0.48% | +0.02 |
| VNOM Viper Energy Inc. Class A | New | 0.02% | +0.02 |
| IUSG iShares Core S&P U.S. Growth | New | 0.02% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +2.0% | 0.09% | +0.02 |
| AMAT Applied Materials Inc. | Add +1.7% | 0.08% | +0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.02% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +112.7% | 0.03% | +0.02 |
| BAC Bank of America Corp. | Add +1.3% | 0.35% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +17.4% | 0.08% | +0.01 |
| ITM Vaneck Intermediate Muni ETF | New | 0.01% | +0.01 |
| SMMD iShares Russell 2500 ETF | New | 0.01% | +0.01 |
| CSCO Cisco Systems Inc. | Add +1.2% | 0.14% | +0.01 |
| MTUM iShares MSCI USA Momentum Fa | New | 0.01% | +0.01 |
| QCOM Qualcomm Inc. | Add +8.7% | 0.16% | +0.01 |
| SNPS Synopsys Inc. | Add +287.9% | 0.01% | +0.01 |
| DE Deere & Co. | Add +11.2% | 0.12% | +0.01 |
| EFV iShares MSCI Eafe Value ETF | Add +3.1% | 0.19% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +52.3% | 0.03% | +0.01 |
| PLD Prologis Inc. | Add +0.2% | 0.11% | +0.01 |
| VGIT Vanguard Intermediate-Term T | New | 0.01% | +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 |