Trust Investment Advisors
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Trust Investment Advisors reported 123 stock positions worth $164.7 million. Its top holding was Eli Lilly (LLY) at 9.8% of the portfolio, followed by Apple (AAPL, 8.7%) and Microsoft (MSFT, 6.0%). Compared with Q1 2025, it opened 30 new positions, sold out of 25, added to 15 and reduced 64. The biggest buy was a new position in Capital One Financial (COF) and the biggest sale Eli Lilly (LLY, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- INDIANAPOLIS, IN
- CIK
- 0001597690
- Portfolio Value
- $164.7M (Q2 2025)
- SEC Filing
- 0001085146-25-004435 ↗ filed Aug 1, 2025
Holdings Value
Holdings 123 stocks · $164.7M
| LLY Eli Lilly & Co. | 9.83% | 20,783 | $16.2M | Reduce -5.8% |
| AAPL Apple Inc. | 8.68% | 69,689 | $14.3M | Reduce -2.9% |
| MSFT Microsoft Corp. | 6.00% | 19,858 | $9.9M | Reduce -5.6% |
| AVGO Broadcom Inc. | 3.84% | 22,950 | $6.3M | Reduce -3.4% |
| NVDA Nvidia Corp. | 3.27% | 34,084 | $5.4M | Reduce -4.5% |
| TSM Taiwan Semiconductor-SP ADR | 2.63% | 19,152 | $4.3M | Reduce -4.5% |
| CLS Celestica Inc. | 2.07% | 21,857 | $3.4M | Reduce -2.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.93% | 10,762 | $3.2M | Reduce -4.7% |
| JPM JPMorgan Chase & Co. | 1.69% | 9,582 | $2.8M | Reduce -8.4% |
| PANW Palo Alto Networks Inc. | 1.62% | 13,039 | $2.7M | Reduce -4.9% |
| CHWY Chewy Inc. Class A | 1.58% | 61,039 | $2.6M | Add +6.6% |
| CAT Caterpillar Inc. | 1.51% | 6,422 | $2.5M | Reduce -5.1% |
| COF Capital One Financial Corp. | 1.40% | 10,875 | $2.3M | New |
| ETN Eaton Corp. PLC | 1.36% | 6,262 | $2.2M | Reduce -6.7% |
| CSCO Cisco Systems Inc. | 1.30% | 30,959 | $2.1M | Reduce -2.3% |
| GOOG Alphabet Inc. Class C | 1.30% | 12,092 | $2.1M | Reduce -3.5% |
| RIO Rio Tinto PLC-Spon ADR | 1.29% | 36,444 | $2.1M | Reduce -3.5% |
| MS Morgan Stanley | 1.27% | 14,825 | $2.1M | Reduce -6.3% |
| HD Home Depot Inc. | 1.26% | 5,657 | $2.1M | Reduce -4.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.24% | 16,546 | $2.0M | Reduce -8.0% |
| AMD Advanced Micro Devices | 1.17% | 13,525 | $1.9M | Reduce -5.1% |
| RTX RTX Corp. | 1.15% | 13,010 | $1.9M | Reduce -15.7% |
| TT Trane Technologies PLC | 1.15% | 4,343 | $1.9M | Reduce -8.4% |
| MSI Motorola Solutions Inc. | 1.14% | 4,465 | $1.9M | Reduce -6.9% |
| V Visa Inc. Class A | 1.07% | 4,971 | $1.8M | Reduce -14.8% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.06% | 17,081 | $1.8M | Reduce -7.3% |
| QCOM Qualcomm Inc. | 1.03% | 10,627 | $1.7M | Reduce -4.2% |
| OKE Oneok Inc. | 1.02% | 20,634 | $1.7M | Reduce -4.5% |
| MA Mastercard Inc. Class A | 1.00% | 2,936 | $1.6M | Reduce -3.9% |
| DELL Dell Technologies -C | 0.99% | 13,278 | $1.6M | Add +0.5% |
| TSCO Tractor Supply Company | 0.97% | 30,137 | $1.6M | Reduce -6.7% |
| CFG Citizens Financial Group | 0.95% | 35,156 | $1.6M | Reduce -5.5% |
| VMC Vulcan Materials Co. | 0.95% | 5,991 | $1.6M | Reduce -6.2% |
| DUK Duke Energy Corp. | 0.94% | 13,118 | $1.5M | Reduce -15.8% |
| WBS Webster Financial Corp. | 0.86% | 25,910 | $1.4M | Reduce -4.2% |
| BA The Boeing Co. | 0.86% | 6,730 | $1.4M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 0.86% | 6,426 | $1.4M | Add +220.7% |
| CVX Chevron Corp. | 0.85% | 9,765 | $1.4M | Reduce -15.9% |
| T AT&T Inc. | 0.85% | 48,293 | $1.4M | Reduce -18.1% |
| INGR Ingredion Inc. | 0.84% | 10,239 | $1.4M | Reduce -9.6% |
| XOM Exxon Mobil Corp. | 0.84% | 12,859 | $1.4M | Reduce -3.6% |
| LNC Lincoln National Corp. | 0.80% | 37,849 | $1.3M | Reduce -4.2% |
| O Realty Income Corp. | 0.79% | 22,454 | $1.3M | Reduce -1.4% |
| BX Blackstone Inc. | 0.71% | 7,834 | $1.2M | Add +34.6% |
| KMI Kinder Morgan Inc. | 0.68% | 38,170 | $1.1M | Reduce -4.3% |
| PRU Prudential Financial Inc. | 0.68% | 10,440 | $1.1M | Reduce -6.3% |
| NXPI NXP Semiconductors NV | 0.66% | 4,964 | $1.1M | Reduce -5.2% |
| CI The Cigna Group | 0.65% | 3,239 | $1.1M | Reduce -5.9% |
| HON Honeywell International Inc. | 0.65% | 4,591 | $1.1M | New |
| RITM Rithm Capital Corp. | 0.63% | 91,526 | $1.0M | Reduce -2.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.61% | 8,165 | $1.0M | Reduce -2.3% |
| KLAC KLA Corp. | 0.61% | 1,124 | $1.0M | Reduce -5.4% |
| UNH Unitedhealth Group Inc. | 0.61% | 3,220 | $1.0M | Reduce -6.4% |
| AMGN Amgen Inc. | 0.61% | 3,595 | $1.0M | Add +48.7% |
| LOW Lowe's Cos Inc. | 0.58% | 4,299 | $954K | Reduce -5.1% |
| MLM Martin Marietta Materials | 0.57% | 1,720 | $944K | Reduce -6.7% |
| LIN Linde PLC | 0.55% | 1,918 | $900K | Reduce -6.0% |
| OBDC Blue Owl Capital Corp. | 0.51% | 59,044 | $847K | Add +0.4% |
| CTRA Coterra Energy Inc. | 0.50% | 32,688 | $830K | Add +352.7% |
| TSN Tyson Foods Inc. Class A | 0.49% | 14,511 | $812K | Add +0.6% |
| STZ Constellation Brands Inc. Class A | 0.47% | 4,713 | $767K | Reduce -6.7% |
| VST Vistra Corp. | 0.45% | 3,844 | $745K | New |
| FBND Fidelity Total Bond ETF | 0.43% | 15,592 | $713K | No change |
| KEYS Keysight Technologies Inc. | 0.40% | 4,025 | $660K | Reduce -7.7% |
| ASO Academy Sports & Outdoors Inc. | 0.39% | 14,504 | $650K | Reduce -6.2% |
| EOG EOG Resources Inc. | 0.39% | 5,387 | $644K | Reduce -2.9% |
| TGT Target Corp. | 0.39% | 6,496 | $641K | Reduce -1.0% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.39% | 4,433 | $637K | Reduce -5.6% |
| GEHC GE Healthcare Technology | 0.38% | 8,449 | $626K | Reduce -1.4% |
| FSLR First Solar Inc. | 0.36% | 3,602 | $596K | Reduce -7.5% |
| PM Philip Morris International | 0.32% | 2,861 | $521K | No change |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.31% | 9,386 | $510K | Reduce -2.3% |
| CAVA Cava Group Inc. | 0.29% | 5,693 | $480K | Reduce -4.0% |
| WMT Walmart Inc. | 0.28% | 4,731 | $463K | No change |
| KO The Coca-Cola Co. | 0.25% | 5,848 | $414K | Add +0.2% |
| GRPN Groupon Inc. | 0.23% | 11,535 | $386K | Reduce -0.9% |
| MCD McDonald's Corp. | 0.22% | 1,260 | $368K | No change |
| CAH Cardinal Health Inc. | 0.21% | 2,105 | $354K | No change |
| SIRI Sirius XM Holdings Inc. | 0.21% | 15,000 | $345K | No change |
| JNJ Johnson & Johnson | 0.20% | 2,197 | $336K | Add +0.2% |
| ABBV Abbvie Inc. | 0.20% | 1,755 | $326K | Reduce -34.0% |
| APH Amphenol Corp. Class A | 0.19% | 3,161 | $312K | New |
| ODFL Old Dominion Freight Line | 0.18% | 1,852 | $301K | No change |
| RSG Republic Services Inc. | 0.17% | 1,132 | $279K | New |
| UBER Uber Technologies Inc. | 0.17% | 2,974 | $277K | New |
| CTVA Corteva Inc. | 0.17% | 3,722 | $277K | New |
| CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC | 0.16% | 2,083 | $265K | New |
| JBL Jabil Inc. | 0.16% | 1,195 | $261K | New |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 1,903 | $259K | New |
| EMR Emerson Electric Co. | 0.15% | 1,843 | $246K | Add +0.3% |
| ELV Elevance Health Inc. | 0.14% | 609 | $237K | No change |
| HWM Howmet Aerospace Inc. | 0.14% | 1,260 | $235K | New |
| RGLD Royal Gold Inc. | 0.14% | 1,315 | $234K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 473 | $230K | No change |
| MNST Monster Beverage Corp. | 0.14% | 3,649 | $229K | No change |
| CCEP Coca-Cola Europacific Partne | 0.14% | 2,465 | $229K | New |
| COR Cencora Inc. | 0.14% | 761 | $228K | No change |
| NFLX Netflix Inc. | 0.14% | 170 | $228K | New |
| NTRS Northern Trust Corp. | 0.14% | 1,785 | $226K | New |
| TXN Texas Instruments Inc. | 0.14% | 1,082 | $225K | Reduce -15.3% |
Portfolio Sells Q1 2025 → Q2 2025
| LLY Eli Lilly & Co. | Reduce -5.8% | 9.83% | −1.90 |
| AAPL Apple Inc. | Reduce -2.9% | 8.68% | −1.58 |
| DFS Discover Financial Services | Sold out | 0.00% | −1.24 |
| UNH Unitedhealth Group Inc. | Reduce -6.4% | 0.61% | −0.55 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.53 |
| CVX Chevron Corp. | Reduce -15.9% | 0.85% | −0.40 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.37 |
| OKE Oneok Inc. | Reduce -4.5% | 1.02% | −0.36 |
| DUK Duke Energy Corp. | Reduce -15.8% | 0.94% | −0.28 |
| V Visa Inc. Class A | Reduce -14.8% | 1.07% | −0.25 |
| T AT&T Inc. | Reduce -18.1% | 0.85% | −0.23 |
| MSI Motorola Solutions Inc. | Reduce -6.9% | 1.14% | −0.21 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.21 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.18 |
| TSCO Tractor Supply Company | Reduce -6.7% | 0.97% | −0.18 |
| XOM Exxon Mobil Corp. | Reduce -3.6% | 0.84% | −0.18 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.17 |
| TJX TJX Companies Inc. | Reduce -8.0% | 1.24% | −0.17 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -3.5% | 1.29% | −0.17 |
| GL Globe Life Inc. | Sold out | 0.00% | −0.17 |
| RTX RTX Corp. | Reduce -15.7% | 1.15% | −0.16 |
| ABBV Abbvie Inc. | Reduce -34.0% | 0.20% | −0.16 |
| WTW Willis Towers Watson PLC | Sold out | 0.00% | −0.15 |
| SLM SLM Corp. | Sold out | 0.00% | −0.15 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.15 |
| WELL Welltower Inc. | Sold out | 0.00% | −0.15 |
| EXC Exelon Corp. | Sold out | 0.00% | −0.14 |
| DTE DTE Energy Company | Sold out | 0.00% | −0.14 |
| INGR Ingredion Inc. | Reduce -9.6% | 0.84% | −0.14 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.14 |
| L Loews Corp. | Sold out | 0.00% | −0.14 |
| AIG American International Group | Sold out | 0.00% | −0.14 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.14 |
| HD Home Depot Inc. | Reduce -4.4% | 1.26% | −0.14 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.14 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.14 |
| MMM 3M Co. | Sold out | 0.00% | −0.13 |
| YUM Yum! Brands Inc. | Sold out | 0.00% | −0.13 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.13 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.13 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.13 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.13 |
| STZ Constellation Brands Inc. Class A | Reduce -6.7% | 0.47% | −0.13 |
| PRU Prudential Financial Inc. | Reduce -6.3% | 0.68% | −0.12 |
| LNC Lincoln National Corp. | Reduce -4.2% | 0.80% | −0.12 |
| LOW Lowe's Cos Inc. | Reduce -5.1% | 0.58% | −0.10 |
| CI The Cigna Group | Reduce -5.9% | 0.65% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -3.9% | 1.00% | −0.08 |
| QCOM Qualcomm Inc. | Reduce -4.2% | 1.03% | −0.07 |
| EOG EOG Resources Inc. | Reduce -2.9% | 0.39% | −0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| COF Capital One Financial Corp. | New | 1.40% | +1.40 |
| HON Honeywell International Inc. | New | 0.65% | +0.65 |
| AMZN Amazon.com Inc. | Add +220.7% | 0.86% | +0.61 |
| VST Vistra Corp. | New | 0.45% | +0.45 |
| CHWY Chewy Inc. Class A | Add +6.6% | 1.58% | +0.38 |
| CTRA Coterra Energy Inc. | Add +352.7% | 0.50% | +0.37 |
| DELL Dell Technologies -C | Add +0.5% | 0.99% | +0.21 |
| APH Amphenol Corp. Class A | New | 0.19% | +0.19 |
| BX Blackstone Inc. | Add +34.6% | 0.71% | +0.19 |
| RSG Republic Services Inc. | New | 0.17% | +0.17 |
| CTVA Corteva Inc. | New | 0.17% | +0.17 |
| UBER Uber Technologies Inc. | New | 0.17% | +0.17 |
| CVSA Covista Inc. | New | 0.16% | +0.16 |
| JBL Jabil Inc. | New | 0.16% | +0.16 |
| PLTR Palantir Technologies Inc. Class A | New | 0.16% | +0.16 |
| HWM Howmet Aerospace Inc. | New | 0.14% | +0.14 |
| CCEP Coca-Cola Europacific Partne | New | 0.14% | +0.14 |
| NFLX Netflix Inc. | New | 0.14% | +0.14 |
| NTRS Northern Trust Corp. | New | 0.14% | +0.14 |
| DGX Quest Diagnostics Inc. | New | 0.14% | +0.14 |
| IDV iShares International Select | New | 0.13% | +0.13 |
| ROK Rockwell Automation Inc. | New | 0.13% | +0.13 |
| JCI Johnson Controls Internation | New | 0.13% | +0.13 |
| THC Tenet Healthcare Corp. | New | 0.13% | +0.13 |
| HII Huntington Ingalls Industrie | New | 0.13% | +0.13 |
| WRB WR Berkley Corp. | New | 0.13% | +0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.13% | +0.13 |
| AXON Axon Enterprise Inc. | New | 0.13% | +0.13 |
| UGI Ugi Corp. | New | 0.13% | +0.13 |
| HIG Hartford Insurance Group Inc. | New | 0.13% | +0.13 |
| ROL Rollins Inc. | New | 0.13% | +0.13 |
| AMGN Amgen Inc. | Add +48.7% | 0.61% | +0.12 |
| NSC Norfolk Southern Corp. | New | 0.12% | +0.12 |
| VRSK Verisk Analytics Inc. | New | 0.12% | +0.12 |
| NRG NRG Energy Inc. | New | 0.12% | +0.12 |
| GT Goodyear Tire & Rubber Co. | New | 0.11% | +0.11 |
| EMR Emerson Electric Co. | Add +0.3% | 0.15% | +0.02 |
| AVK Advent Convert & Income | Add +2.5% | 0.09% | +0.00 |
| XNROX Neu Re Est Sec Inc. FD Inc.-US | Add +2.5% | 0.07% | −0.00 |
| IMCV iShares Morningstar Mid-Cap | Add +0.2% | 0.13% | −0.00 |
| MDT Medtronic PLC | Add +0.5% | 0.13% | −0.01 |
| KO The Coca-Cola Co. | Add +0.2% | 0.25% | −0.02 |
| JNJ Johnson & Johnson | Add +0.2% | 0.20% | −0.03 |
| OBDC Blue Owl Capital Corp. | Add +0.4% | 0.51% | −0.04 |
| TSN Tyson Foods Inc. Class A | Add +0.6% | 0.49% | −0.10 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 97 | $209.4M | LLY, AAPL, TSM, AMD, CLS |
| Q1 2026 | 89 | $170.9M | LLY, AAPL, MSFT, AVGO, CLS |
| Q4 2025 | 91 | $187.9M | LLY, AAPL, MSFT, AVGO, NVDA |
| Q3 2025 | 105 | $177.8M | AAPL, LLY, MSFT, AVGO, NVDA |
| Q2 2025 | 123 | $164.7M | LLY, AAPL, MSFT, AVGO, NVDA |
| Q1 2025 | 118 | $155.3M | LLY, AAPL, MSFT, AVGO, NVDA |
| Q4 2024 | 107 | $156.7M | AAPL, LLY, MSFT, AVGO, NVDA |
| Q3 2024 | 119 | $157.0M | LLY, AAPL, MSFT, NVDA, AVGO |
| Q2 2024 | 114 | $157.3M | LLY, AAPL, MSFT, NVDA, AVGO |
| Q1 2024 | 93 | $138.6M | LLY, MSFT, AAPL, AVGO, NVDA |