Kentucky Farm Bureau Mutual Insurance Co

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed May 15, 2026), Kentucky Farm Bureau Mutual Insurance Co reported 63 stock positions worth $370.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 20.1% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 12.3%) and Apple (AAPL, 3.9%). Compared with Q3 2025, it opened 8 new positions, sold out of 3, added to 1 and reduced 7. The biggest buy was a new position in Kinder Morgan (KMI) and the biggest sale an exit from Nvidia (NVDA).

Most Recent 13F
Q2 2026
Location
LOUISVILLE, KY
CIK
0002131132
Portfolio Value
$370.6M (Q4 2025)
SEC Filing
0001104659-26-062270 ↗ filed May 15, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $423.1M Q1 2024 Q2 2024: $439.2M Q2 2024 Q3 2024: $463.3M Q3 2024 Q4 2024: $444.8M Q4 2024 Q1 2025: $425.6M Q1 2025 Q2 2025: $468.1M Q2 2025 Q3 2025: $406.1M Q3 2025 Q4 2025: $370.6M $370.6M Q4 2025 Q1 2026: $329.4M Q1 2026 Q2 2026: $360.4M Q2 2026

Holdings 63 stocks · $370.6M
SPY SS SPDR S&P 500 ETF Trust-US 20.06% 109,000 $74.3M No change
QQQ Invesco QQQ Trust Series 1 12.33% 74,388 $45.7M Reduce -25.6%
AAPL Apple Inc. 3.93% 53,601 $14.6M Add +7.2%
MSFT Microsoft Corp. 3.92% 30,000 $14.5M No change
GOOGL Alphabet Inc. Class A 3.70% 43,800 $13.7M Reduce -33.6%
JPM JPMorgan Chase & Co. 2.87% 33,000 $10.6M No change
AMZN Amazon.com Inc. 2.83% 45,500 $10.5M No change
CAT Caterpillar Inc. 2.32% 15,000 $8.6M No change
META Meta Platforms Inc. Class A 2.21% 12,400 $8.2M No change
JNJ Johnson & Johnson 1.68% 30,000 $6.2M No change
RTX RTX Corp. 1.65% 33,348 $6.1M No change
V Visa Inc. Class A 1.59% 16,804 $5.9M No change
MA Mastercard Inc. Class A 1.57% 10,207 $5.8M No change
ABT Abbott Laboratories 1.52% 45,000 $5.6M No change
WMT Walmart Inc. 1.42% 47,213 $5.3M Reduce -21.3%
LHX L3HARRIS Technologies Inc. 1.35% 17,000 $5.0M No change
UNH Unitedhealth Group Inc. 1.16% 13,000 $4.3M No change
CRM Salesforce Inc. 1.14% 16,000 $4.2M No change
SPGI S&P Global Inc. 1.13% 8,000 $4.2M No change
UNP Union Pacific Corp. 1.12% 18,000 $4.2M No change
KMI Kinder Morgan Inc. 1.10% 148,347 $4.1M New
TMO Thermo Fisher Scientific Inc. 1.09% 7,000 $4.1M No change
PM Philip Morris International 1.08% 25,000 $4.0M No change
XLE SS Energy Select Sector 1.06% 87,662 $3.9M New
ABBV Abbvie Inc. 1.05% 17,000 $3.9M No change
PG The Procter & Gamble Co. 1.04% 27,000 $3.9M No change
BX Blackstone Inc. 1.04% 25,000 $3.9M No change
CHDN Churchill Downs Inc. 0.98% 32,000 $3.6M No change
LMT Lockheed Martin Corp. 0.91% 7,000 $3.4M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.91% 21,971 $3.4M Reduce -42.2%
MRK Merck & Co. Inc. 0.90% 31,718 $3.3M No change
AMGN Amgen Inc. 0.88% 10,000 $3.3M No change
NEE Nextera Energy Inc. 0.87% 40,000 $3.2M No change
COST Costco Wholesale Corp. 0.85% 3,637 $3.1M Reduce -27.3%
MCD McDonald's Corp. 0.82% 10,000 $3.1M No change
CVX Chevron Corp. 0.78% 19,000 $2.9M No change
AEP American Electric Power 0.78% 25,000 $2.9M No change
COP Conocophillips 0.76% 30,000 $2.8M No change
ELV Elevance Health Inc. 0.76% 8,000 $2.8M No change
LOW Lowe's Cos Inc. 0.73% 11,264 $2.7M Reduce -37.4%
INTU Intuit Inc. 0.71% 4,000 $2.6M No change
AVGO Broadcom Inc. 0.70% 7,505 $2.6M Reduce -83.7%
MPC Marathon Petroleum Corp. 0.66% 15,000 $2.4M No change
HD Home Depot Inc. 0.65% 7,000 $2.4M No change
MCHP Microchip Technology Inc. 0.62% 36,000 $2.3M No change
DHR Danaher Corp. 0.62% 10,000 $2.3M No change
HSY The Hershey Co. 0.61% 12,500 $2.3M No change
XOM Exxon Mobil Corp. 0.58% 18,000 $2.2M No change
PEP Pepsico Inc. 0.58% 15,000 $2.2M No change
CARR Carrier Global Corp. 0.57% 40,000 $2.1M No change
ADBE Adobe Inc. 0.57% 6,000 $2.1M No change
KO The Coca-Cola Co. 0.57% 30,000 $2.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.55% 36,832 $2.0M New
WFC Wells Fargo & Co. 0.54% 21,634 $2.0M New
D Dominion Energy Inc. 0.54% 34,128 $2.0M New
NOW ServiceNow Inc. 0.52% 12,500 $1.9M No change
FANG Diamondback Energy Inc. 0.51% 12,608 $1.9M New
EQT Eqt Corp. 0.49% 33,715 $1.8M New
GIS General Mills Inc. 0.47% 37,500 $1.7M No change
AWK American Water Works Co. Inc. 0.42% 12,000 $1.6M No change
SO The Southern Co. 0.38% 16,000 $1.4M New
BF.B Brown-Forman Corp. Class B 0.15% 22,000 $573K No change
VLTO Veralto Corp. 0.09% 3,333 $333K No change

Portfolio Sells Q3 2025 → Q4 2025
NVDA Nvidia Corp. Sold out 0.00% −3.40
AVGO Broadcom Inc. Reduce -83.7% 0.70% −3.04
QQQ Invesco QQQ Trust Series 1 Reduce -25.6% 12.33% −2.45
VEA Vanguard Ftse Developed ETF Sold out 0.00% −1.40
PANW Palo Alto Networks Inc. Sold out 0.00% −1.23
TJX TJX Companies Inc. Reduce -42.2% 0.91% −0.44
LOW Lowe's Cos Inc. Reduce -37.4% 0.73% −0.38
COST Costco Wholesale Corp. Reduce -27.3% 0.85% −0.29
GOOGL Alphabet Inc. Class A Reduce -33.6% 3.70% −0.25
WMT Walmart Inc. Reduce -21.3% 1.42% −0.10

Portfolio Buys Q3 2025 → Q4 2025
KMI Kinder Morgan Inc. New 1.10% +1.10
XLE SS Energy Select Sector New 1.06% +1.06
AAPL Apple Inc. Add +7.2% 3.93% +0.80
BAC Bank of America Corp. New 0.55% +0.55
WFC Wells Fargo & Co. New 0.54% +0.54
D Dominion Energy Inc. New 0.54% +0.54
FANG Diamondback Energy Inc. New 0.51% +0.51
EQT Eqt Corp. New 0.49% +0.49
SO The Southern Co. New 0.38% +0.38

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 69$360.4MSPY, CAT, GOOGL, AAPL, MSFT
Q1 2026 65$329.4MSPY, MSFT, AAPL, GOOGL, CAT
Q4 2025 63$370.6MSPY, QQQ, AAPL, MSFT, GOOGL
Q3 2025 58$406.1MSPY, QQQ, GOOGL, MSFT, AVGO
Q2 2025 68$468.1MSPY, QQQ, AVGO, RSP, MSFT
Q1 2025 68$425.6MSPY, QQQ, RSP, AVGO, META
Q4 2024 68$444.8MSPY, QQQ, RSP, AVGO, MSFT
Q3 2024 73$463.3MSPY, QQQ, RSP, NVDA, AVGO
Q2 2024 73$439.2MSPY, QQQ, NVDA, RSP, MSFT
Q1 2024 73$423.1MSPY, QQQ, RSP, NVDA, MSFT