Trust Investment Advisors

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Trust Investment Advisors reported 107 stock positions worth $156.7 million. Its top holding was Apple (AAPL) at 11.3% of the portfolio, followed by Eli Lilly (LLY, 10.5%) and Microsoft (MSFT, 5.5%). Compared with Q3 2024, it opened 19 new positions, sold out of 31, added to 31 and reduced 53. The biggest buy was Apple (AAPL, shares +42%) and the biggest sale an exit from Kohls (KSS).

Most Recent 13F
Q2 2026
Location
INDIANAPOLIS, IN
CIK
0001597690
Portfolio Value
$156.7M (Q4 2024)
SEC Filing
0001085146-25-001021 ↗ filed Feb 12, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $138.6M Q1 2024 Q2 2024: $157.3M Q2 2024 Q3 2024: $157.0M Q3 2024 Q4 2024: $156.7M $156.7M Q4 2024 Q1 2025: $155.3M Q1 2025 Q2 2025: $164.7M Q2 2025 Q3 2025: $177.8M Q3 2025 Q4 2025: $187.9M Q4 2025 Q1 2026: $170.9M Q1 2026 Q2 2026: $209.4M Q2 2026

Holdings 107 stocks · $156.7M
AAPL Apple Inc. 11.31% 70,751 $17.7M Add +42.0%
LLY Eli Lilly & Co. 10.54% 21,388 $16.5M Add +1.5%
MSFT Microsoft Corp. 5.46% 20,305 $8.6M Reduce -2.5%
AVGO Broadcom Inc. 3.48% 23,490 $5.4M Add +3.9%
NVDA Nvidia Corp. 2.80% 32,616 $4.4M Reduce -5.1%
TSM Taiwan Semiconductor-SP ADR 2.65% 21,018 $4.2M Add +8.2%
PANW Palo Alto Networks Inc. 1.70% 14,621 $2.7M Reduce -0.3%
CAT Caterpillar Inc. 1.67% 7,221 $2.6M Add +7.9%
JPM JPMorgan Chase & Co. 1.58% 10,331 $2.5M Add +4.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.47% 10,496 $2.3M Add +5.1%
GOOG Alphabet Inc. Class C 1.45% 11,946 $2.3M Reduce -4.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.43% 18,562 $2.2M Reduce -14.4%
RIO Rio Tinto PLC-Spon ADR 1.41% 37,459 $2.2M Add +5.9%
ETN Eaton Corp. PLC 1.39% 6,579 $2.2M Add +10.6%
MSI Motorola Solutions Inc. 1.39% 4,720 $2.2M Reduce -7.7%
OKE Oneok Inc. 1.38% 21,500 $2.2M Add +9.6%
HD Home Depot Inc. 1.34% 5,388 $2.1M Reduce -4.3%
DFS Discover Financial Services 1.26% 11,440 $2.0M Reduce -1.6%
CLS Celestica Inc. 1.26% 21,467 $2.0M Reduce -10.5%
MS Morgan Stanley 1.23% 15,377 $1.9M Reduce -6.9%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 1.22% 18,163 $1.9M Add +11.4%
CHWY Chewy Inc. Class A 1.19% 55,645 $1.9M Reduce -13.2%
CSCO Cisco Systems Inc. 1.14% 30,101 $1.8M Add +5.8%
TT Trane Technologies PLC 1.10% 4,687 $1.7M Reduce -6.6%
AMD Advanced Micro Devices 1.08% 13,978 $1.7M Reduce -9.2%
QCOM Qualcomm Inc. 1.06% 10,849 $1.7M Add +6.6%
TSCO Tractor Supply Company 1.03% 30,545 $1.6M Reduce -5.5%
UNH Unitedhealth Group Inc. 1.03% 3,192 $1.6M Reduce -3.6%
INGR Ingredion Inc. 1.02% 11,631 $1.6M New
CFG Citizens Financial Group 1.02% 36,502 $1.6M Reduce -9.7%
MA Mastercard Inc. Class A 1.01% 2,996 $1.6M Reduce -4.2%
VMC Vulcan Materials Co. 1.00% 6,086 $1.6M Reduce -8.7%
RTX RTX Corp. 1.00% 13,518 $1.6M Reduce -17.8%
V Visa Inc. Class A 0.96% 4,757 $1.5M Reduce -3.9%
WBS Webster Financial Corp. 0.95% 26,999 $1.5M Add +12.6%
DUK Duke Energy Corp. 0.94% 13,637 $1.5M Add +12.9%
CVX Chevron Corp. 0.92% 9,984 $1.4M Add +3.1%
XOM Exxon Mobil Corp. 0.87% 12,665 $1.4M Reduce -6.5%
PRU Prudential Financial Inc. 0.84% 11,051 $1.3M Add +2.1%
LNC Lincoln National Corp. 0.80% 39,707 $1.3M Add +8.2%
DELL Dell Technologies -C 0.79% 10,695 $1.2M New
O Realty Income Corp. 0.75% 21,925 $1.2M Add +10.4%
BA The Boeing Co. 0.74% 6,569 $1.2M Reduce -4.6%
STZ Constellation Brands Inc. Class A 0.71% 5,045 $1.1M Reduce -3.9%
LOW Lowe's Cos Inc. 0.70% 4,435 $1.1M Reduce -1.9%
KMI Kinder Morgan Inc. 0.70% 39,891 $1.1M Reduce -3.9%
T AT&T Inc. 0.70% 47,936 $1.1M Reduce -2.1%
NXPI NXP Semiconductors NV 0.67% 5,020 $1.0M Reduce -10.2%
RITM Rithm Capital Corp. 0.65% 94,673 $1.0M Add +20.1%
MLM Martin Marietta Materials 0.60% 1,817 $938K Reduce -4.3%
CI The Cigna Group 0.60% 3,386 $935K Reduce -1.5%
UPS United Parcel Service Class B 0.57% 7,119 $898K Add +14.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.56% 7,888 $878K Reduce -9.0%
ASO Academy Sports & Outdoors Inc. 0.56% 15,172 $873K Reduce -2.4%
EW Edwards Lifesciences Corp. 0.55% 11,683 $865K Reduce -4.6%
OBDC Blue Owl Capital Corp. 0.55% 57,048 $863K Add +6.7%
TFC Truist Financial Corp. 0.54% 19,381 $841K Reduce -22.2%
TSN Tyson Foods Inc. Class A 0.54% 14,629 $840K Reduce -0.7%
LIN Linde PLC 0.53% 1,997 $836K Reduce -2.7%
TGT Target Corp. 0.53% 6,175 $835K Add +2.3%
JBHT Hunt (jb) Transprt SVCS Inc. 0.50% 4,593 $784K Reduce -3.8%
KLAC KLA Corp. 0.47% 1,173 $739K Reduce -8.9%
FBND Fidelity Total Bond ETF 0.45% 15,592 $700K No change
KEYS Keysight Technologies Inc. 0.44% 4,294 $690K Reduce -2.5%
DHR Danaher Corp. 0.44% 2,971 $682K Reduce -0.3%
ULTA Ulta Beauty Inc. 0.43% 1,550 $674K Reduce -1.8%
EOG EOG Resources Inc. 0.42% 5,413 $664K Reduce -0.3%
FSLR First Solar Inc. 0.42% 3,763 $663K Reduce -3.0%
PEP Pepsico Inc. 0.42% 4,358 $663K Reduce -47.1%
GEHC GE Healthcare Technology 0.42% 8,350 $653K Add +55.5%
CAVA Cava Group Inc. 0.40% 5,490 $619K Add +42.9%
AMZN Amazon.com Inc. 0.34% 2,460 $540K Add +75.7%
PLTR Palantir Technologies Inc. Class A 0.34% 6,944 $525K Reduce -11.8%
BX Blackstone Inc. 0.33% 2,968 $512K Add +69.6%
PFE Pfizer Inc. 0.31% 18,278 $485K Reduce -59.1%
SIRI Sirius XM Holdings Inc. 0.22% 15,000 $342K No change
NXT Nextpower Inc. filed as NEXTRACKER INC 0.22% 9,351 $342K Add +1.7%
ODFL Old Dominion Freight Line 0.21% 1,844 $325K No change
KO The Coca-Cola Co. 0.20% 4,937 $307K Add +0.5%
MCD McDonald's Corp. 0.20% 1,060 $307K Add +1.7%
GS Goldman Sachs Group Inc. 0.18% 486 $278K New
ANET Arista Networks Inc. 0.17% 2,342 $259K Reduce -6.2%
VNO Vornado Realty Trust 0.16% 6,013 $253K Reduce -4.5%
TPR Tapestry Inc. 0.16% 3,797 $248K New
LYV Live Nation Entertainment Inc. 0.16% 1,894 $245K New
WH Wyndham Hotels & Resorts Inc. 0.15% 2,396 $241K New
ISRG Intuitive Surgical Inc. 0.15% 458 $239K Reduce -6.0%
TMUS T-Mobile US Inc. 0.15% 1,074 $237K Reduce -4.2%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.15% 2,604 $237K New
LMND Lemonade Inc. 0.15% 6,426 $236K New
CBRE CBRE Group Inc. Class A 0.15% 1,784 $234K Reduce -5.3%
STT State Street Corp. 0.15% 2,383 $234K New
IP International Paper Co. 0.15% 4,336 $233K Reduce -4.4%
JNJ Johnson & Johnson 0.15% 1,611 $233K Add +0.3%
RL Ralph Lauren Corp. 0.15% 988 $228K New
DRI Darden Restaurants Inc. 0.14% 1,196 $223K New
FHI Federated Hermes Inc. 0.14% 5,359 $220K New
WTW Willis Towers Watson PLC 0.14% 697 $218K New
PGR Progressive Corp. 0.14% 910 $218K Reduce -3.1%
OLLI Ollie's Bargain Outlet Holdi 0.14% 1,978 $217K New
PODD Insulet Corp. 0.14% 820 $214K New
ZION Zions Bancorp NA 0.14% 3,901 $212K New
NTRS Northern Trust Corp. 0.13% 2,062 $211K New
HLT Hilton Worldwide Holdings Inc. 0.13% 825 $204K New
EVRG Evergy Inc. 0.13% 3,306 $203K New
PNW Pinnacle West Capital 0.13% 2,372 $201K Reduce -3.1%
STLA Stellantis NV 0.12% 14,000 $183K No change

Portfolio Sells Q3 2024 → Q4 2024
KSS Kohls Corp. Sold out 0.00% −0.80
F Ford Motor Co. Sold out 0.00% −0.63
ACLS Axcelis Technologies Inc. Sold out 0.00% −0.62
AMD Advanced Micro Devices Reduce -9.2% 1.08% −0.53
PFE Pfizer Inc. Reduce -59.1% 0.31% −0.52
DVN Devon Energy Corp. Sold out 0.00% −0.49
PEP Pepsico Inc. Reduce -47.1% 0.42% −0.47
CELH Celsius Holdings Inc. Sold out 0.00% −0.35
RTX RTX Corp. Reduce -17.8% 1.00% −0.27
MSFT Microsoft Corp. Reduce -2.5% 5.46% −0.25
LMT Lockheed Martin Corp. Sold out 0.00% −0.25
NEE Nextera Energy Inc. Sold out 0.00% −0.23
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.21
UNH Unitedhealth Group Inc. Reduce -3.6% 1.03% −0.20
FSLR First Solar Inc. Reduce -3.0% 0.42% −0.19
TJX TJX Companies Inc. Reduce -14.4% 1.43% −0.19
NXPI NXP Semiconductors NV Reduce -10.2% 0.67% −0.19
AEP American Electric Power Sold out 0.00% −0.17
ELV Elevance Health Inc. Sold out 0.00% −0.17
EBAY eBay Inc. Sold out 0.00% −0.17
WMT Walmart Inc. Sold out 0.00% −0.17
KLAC KLA Corp. Reduce -8.9% 0.47% −0.16
TSCO Tractor Supply Company Reduce -5.5% 1.03% −0.16
CI The Cigna Group Reduce -1.5% 0.60% −0.16
IFF Intl Flavors & Fragrances Sold out 0.00% −0.16
BRC Brady Corporation Class A Sold out 0.00% −0.15
PSA Public Storage Sold out 0.00% −0.15
STZ Constellation Brands Inc. Class A Reduce -3.9% 0.71% −0.15
DVA Davita Inc. Sold out 0.00% −0.15
R Ryder System Inc. Sold out 0.00% −0.14
DTE DTE Energy Company Sold out 0.00% −0.14
MPWR Monolithic Power Systems Inc. Sold out 0.00% −0.14
OGE Oge Energy Corp. Sold out 0.00% −0.14
XOM Exxon Mobil Corp. Reduce -6.5% 0.87% −0.14
PKG Packaging Corp. of America Sold out 0.00% −0.14
NDAQ Nasdaq Inc. Sold out 0.00% −0.14
TFC Truist Financial Corp. Reduce -22.2% 0.54% −0.14
TRN Trinity Industries Inc. Sold out 0.00% −0.14
UHS Universal Health Services-B Sold out 0.00% −0.14
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.14
EIX Edison International Sold out 0.00% −0.14
ATI Ati Inc. Sold out 0.00% −0.14
RF Regions Financial Corp. Sold out 0.00% −0.14
AMT American Tower Corp. Sold out 0.00% −0.14
TT Trane Technologies PLC Reduce -6.6% 1.10% −0.14
CCEP Coca-Cola Europacific Partne Sold out 0.00% −0.14
EFX Equifax Inc. Sold out 0.00% −0.13
HD Home Depot Inc. Reduce -4.3% 1.34% −0.12
DHR Danaher Corp. Reduce -0.3% 0.44% −0.09
LIN Linde PLC Reduce -2.7% 0.53% −0.09

Portfolio Buys Q3 2024 → Q4 2024
AAPL Apple Inc. Add +42.0% 11.31% +3.91
INGR Ingredion Inc. New 1.02% +1.02
AVGO Broadcom Inc. Add +3.9% 3.48% +0.99
DELL Dell Technologies -C New 0.79% +0.79
TSM Taiwan Semiconductor-SP ADR Add +8.2% 2.65% +0.50
JPM JPMorgan Chase & Co. Add +4.4% 1.58% +0.25
WBS Webster Financial Corp. Add +12.6% 0.95% +0.24
OKE Oneok Inc. Add +9.6% 1.38% +0.24
AMZN Amazon.com Inc. Add +75.7% 0.34% +0.18
GS Goldman Sachs Group Inc. New 0.18% +0.18
CSCO Cisco Systems Inc. Add +5.8% 1.14% +0.17
TPR Tapestry Inc. New 0.16% +0.16
LYV Live Nation Entertainment Inc. New 0.16% +0.16
BX Blackstone Inc. Add +69.6% 0.33% +0.16
WH Wyndham Hotels & Resorts Inc. New 0.15% +0.15
CVSA Covista Inc. New 0.15% +0.15
LMND Lemonade Inc. New 0.15% +0.15
STT State Street Corp. New 0.15% +0.15
RL Ralph Lauren Corp. New 0.15% +0.15
DRI Darden Restaurants Inc. New 0.14% +0.14
FHI Federated Hermes Inc. New 0.14% +0.14
WTW Willis Towers Watson PLC New 0.14% +0.14
OLLI Ollie's Bargain Outlet Holdi New 0.14% +0.14
ETN Eaton Corp. PLC Add +10.6% 1.39% +0.14
PODD Insulet Corp. New 0.14% +0.14
ZION Zions Bancorp NA New 0.14% +0.14
NTRS Northern Trust Corp. New 0.13% +0.13
HLT Hilton Worldwide Holdings Inc. New 0.13% +0.13
EVRG Evergy Inc. New 0.13% +0.13
GEHC GE Healthcare Technology Add +55.5% 0.42% +0.10
CAVA Cava Group Inc. Add +42.9% 0.40% +0.09
RITM Rithm Capital Corp. Add +20.1% 0.65% +0.08
LNC Lincoln National Corp. Add +8.2% 0.80% +0.07
IBM Intl Business Machines Corp. Add +5.1% 1.47% +0.07
OBDC Blue Owl Capital Corp. Add +6.7% 0.55% +0.05
DUK Duke Energy Corp. Add +12.9% 0.94% +0.05
UPS United Parcel Service Class B Add +14.1% 0.57% +0.03
CVX Chevron Corp. Add +3.1% 0.92% +0.01
CAT Caterpillar Inc. Add +7.9% 1.67% +0.00
PRU Prudential Financial Inc. Add +2.1% 0.84% +0.00
NXT Nextpower Inc. Add +1.7% 0.22% −0.00
MCD McDonald's Corp. Add +1.7% 0.20% −0.01
IRM Iron Mountain Inc. Add +11.4% 1.22% −0.02
JNJ Johnson & Johnson Add +0.3% 0.15% −0.02
KO The Coca-Cola Co. Add +0.5% 0.20% −0.03
QCOM Qualcomm Inc. Add +6.6% 1.06% −0.04
O Realty Income Corp. Add +10.4% 0.75% −0.05
TGT Target Corp. Add +2.3% 0.53% −0.07
RIO Rio Tinto PLC-Spon ADR Add +5.9% 1.41% −0.20
LLY Eli Lilly & Co. Add +1.5% 10.54% −1.36

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 97$209.4MLLY, AAPL, TSM, AMD, CLS
Q1 2026 89$170.9MLLY, AAPL, MSFT, AVGO, CLS
Q4 2025 91$187.9MLLY, AAPL, MSFT, AVGO, NVDA
Q3 2025 105$177.8MAAPL, LLY, MSFT, AVGO, NVDA
Q2 2025 123$164.7MLLY, AAPL, MSFT, AVGO, NVDA
Q1 2025 118$155.3MLLY, AAPL, MSFT, AVGO, NVDA
Q4 2024 107$156.7MAAPL, LLY, MSFT, AVGO, NVDA
Q3 2024 119$157.0MLLY, AAPL, MSFT, NVDA, AVGO
Q2 2024 114$157.3MLLY, AAPL, MSFT, NVDA, AVGO
Q1 2024 93$138.6MLLY, MSFT, AAPL, AVGO, NVDA