Trust Investment Advisors
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 24, 2025), Trust Investment Advisors reported 105 stock positions worth $177.8 million. Its top holding was Apple (AAPL) at 10.0% of the portfolio, followed by Eli Lilly (LLY, 8.9%) and Microsoft (MSFT, 5.8%). Compared with Q2 2025, it opened 11 new positions, sold out of 29, added to 71 and reduced 17. The biggest buy was a new position in Best Buy (BBY) and the biggest sale an exit from Ingredion (INGR).
- Most Recent 13F
- Q2 2026
- Location
- INDIANAPOLIS, IN
- CIK
- 0001597690
- Portfolio Value
- $177.8M (Q3 2025)
- SEC Filing
- 0001597690-25-000007 ↗ filed Nov 24, 2025
Holdings Value
Holdings 105 stocks · $177.8M
| AAPL Apple Inc. | 9.97% | 69,633 | $17.7M | Reduce -0.1% |
| LLY Eli Lilly & Co. | 8.92% | 20,793 | $15.9M | Add +0.1% |
| MSFT Microsoft Corp. | 5.79% | 19,876 | $10.3M | Add +0.1% |
| AVGO Broadcom Inc. | 4.26% | 22,958 | $7.6M | Add +0.0% |
| NVDA Nvidia Corp. | 3.58% | 34,152 | $6.4M | Add +0.2% |
| TSM Taiwan Semiconductor-SP ADR | 3.02% | 19,238 | $5.4M | Add +0.5% |
| CLS Celestica Inc. | 2.84% | 20,502 | $5.1M | Reduce -6.2% |
| CAT Caterpillar Inc. | 1.73% | 6,465 | $3.1M | Add +0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.72% | 10,817 | $3.1M | Add +0.5% |
| JPM JPMorgan Chase & Co. | 1.72% | 9,670 | $3.1M | Add +0.9% |
| GOOG Alphabet Inc. Class C | 1.66% | 12,098 | $2.9M | Add +0.1% |
| PANW Palo Alto Networks Inc. | 1.55% | 13,553 | $2.8M | Add +3.9% |
| RIO Rio Tinto PLC-Spon ADR | 1.39% | 37,332 | $2.5M | Add +2.4% |
| RTX RTX Corp. | 1.36% | 14,411 | $2.4M | Add +10.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.34% | 16,489 | $2.4M | Reduce -0.3% |
| ETN Eaton Corp. PLC | 1.34% | 6,364 | $2.4M | Add +1.6% |
| MS Morgan Stanley | 1.34% | 14,955 | $2.4M | Add +0.9% |
| COF Capital One Financial Corp. | 1.31% | 10,935 | $2.3M | Add +0.6% |
| HD Home Depot Inc. | 1.29% | 5,672 | $2.3M | Add +0.3% |
| CHWY Chewy Inc. Class A | 1.29% | 56,770 | $2.3M | Reduce -7.0% |
| AMD Advanced Micro Devices | 1.26% | 13,838 | $2.2M | Add +2.3% |
| CSCO Cisco Systems Inc. | 1.20% | 31,167 | $2.1M | Add +0.7% |
| MSI Motorola Solutions Inc. | 1.14% | 4,450 | $2.0M | Reduce -0.3% |
| BBY Best Buy Co. Inc. | 1.09% | 25,638 | $1.9M | New |
| DELL Dell Technologies -C | 1.07% | 13,439 | $1.9M | Add +1.2% |
| CFG Citizens Financial Group | 1.06% | 35,552 | $1.9M | Add +1.1% |
| VMC Vulcan Materials Co. | 1.05% | 6,057 | $1.9M | Add +1.1% |
| TT Trane Technologies PLC | 1.04% | 4,392 | $1.9M | Add +1.1% |
| QCOM Qualcomm Inc. | 1.01% | 10,815 | $1.8M | Add +1.8% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.99% | 17,328 | $1.8M | Add +1.4% |
| V Visa Inc. Class A | 0.98% | 5,115 | $1.7M | Add +2.9% |
| TSCO Tractor Supply Company | 0.97% | 30,488 | $1.7M | Add +1.2% |
| MA Mastercard Inc. Class A | 0.96% | 3,000 | $1.7M | Add +2.2% |
| DUK Duke Energy Corp. | 0.93% | 13,402 | $1.7M | Add +2.2% |
| LNC Lincoln National Corp. | 0.90% | 39,532 | $1.6M | Add +4.5% |
| DE Deere & Co. | 0.89% | 3,451 | $1.6M | New |
| WBS Webster Financial Corp. | 0.87% | 26,115 | $1.6M | Add +0.8% |
| CVX Chevron Corp. | 0.87% | 9,943 | $1.5M | Add +1.8% |
| OKE Oneok Inc. | 0.86% | 21,066 | $1.5M | Add +2.1% |
| AMZN Amazon.com Inc. | 0.83% | 6,736 | $1.5M | Add +4.8% |
| BA The Boeing Co. | 0.83% | 6,823 | $1.5M | Add +1.4% |
| XOM Exxon Mobil Corp. | 0.83% | 13,036 | $1.5M | Add +1.4% |
| O Realty Income Corp. | 0.79% | 23,088 | $1.4M | Add +2.8% |
| BX Blackstone Inc. | 0.77% | 8,065 | $1.4M | Add +3.0% |
| T AT&T Inc. | 0.77% | 48,726 | $1.4M | Add +0.9% |
| KLAC KLA Corp. | 0.71% | 1,170 | $1.3M | Add +4.1% |
| BE Bloom Energy Corp. Class A | 0.67% | 14,151 | $1.2M | New |
| NXPI NXP Semiconductors NV | 0.65% | 5,055 | $1.2M | Add +1.8% |
| MLM Martin Marietta Materials | 0.64% | 1,805 | $1.1M | Add +4.9% |
| LOW Lowe's Cos Inc. | 0.64% | 4,518 | $1.1M | Add +5.1% |
| PRU Prudential Financial Inc. | 0.63% | 10,743 | $1.1M | Add +2.9% |
| RITM Rithm Capital Corp. | 0.62% | 97,184 | $1.1M | Add +6.2% |
| KMI Kinder Morgan Inc. | 0.62% | 38,916 | $1.1M | Add +1.9% |
| UNH Unitedhealth Group Inc. | 0.61% | 3,118 | $1.1M | Reduce -3.2% |
| AMGN Amgen Inc. | 0.59% | 3,713 | $1.0M | Add +3.3% |
| HON Honeywell International Inc. | 0.56% | 4,702 | $990K | Add +2.4% |
| CI The Cigna Group | 0.55% | 3,410 | $983K | Add +5.3% |
| LIN Linde PLC | 0.54% | 2,026 | $962K | Add +5.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.53% | 8,307 | $951K | Add +1.7% |
| VST Vistra Corp. | 0.48% | 4,384 | $859K | Add +14.1% |
| FSLR First Solar Inc. | 0.48% | 3,870 | $853K | Add +7.4% |
| FBND Fidelity Total Bond ETF | 0.48% | 18,292 | $846K | Add +17.3% |
| TSN Tyson Foods Inc. Class A | 0.45% | 14,891 | $809K | Add +2.6% |
| OBDC Blue Owl Capital Corp. | 0.43% | 59,912 | $765K | Add +1.5% |
| ASO Academy Sports & Outdoors Inc. | 0.43% | 15,232 | $762K | Add +5.0% |
| KEYS Keysight Technologies Inc. | 0.43% | 4,337 | $759K | Add +7.8% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.40% | 9,683 | $716K | Add +3.2% |
| CAVA Cava Group Inc. | 0.38% | 11,199 | $677K | Add +96.7% |
| EOG EOG Resources Inc. | 0.37% | 5,884 | $660K | Add +9.2% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.37% | 4,897 | $657K | Add +10.5% |
| GEHC GE Healthcare Technology | 0.37% | 8,646 | $649K | Add +2.3% |
| TGT Target Corp. | 0.33% | 6,574 | $590K | Add +1.2% |
| WMT Walmart Inc. | 0.28% | 4,858 | $501K | Add +2.7% |
| JNJ Johnson & Johnson | 0.23% | 2,202 | $408K | Add +0.2% |
| ABBV Abbvie Inc. | 0.22% | 1,695 | $392K | Reduce -3.4% |
| KO The Coca-Cola Co. | 0.22% | 5,876 | $390K | Add +0.5% |
| MCD McDonald's Corp. | 0.22% | 1,260 | $383K | No change |
| SIRI Sirius XM Holdings Inc. | 0.20% | 15,000 | $349K | No change |
| ODFL Old Dominion Freight Line | 0.16% | 1,844 | $285K | Reduce -0.4% |
| UBER Uber Technologies Inc. | 0.15% | 2,634 | $258K | Reduce -11.4% |
| EMR Emerson Electric Co. | 0.14% | 1,848 | $242K | Add +0.3% |
| NSC Norfolk Southern Corp. | 0.14% | 801 | $241K | No change |
| GE General Electric filed as GE AEROSPACE | 0.13% | 792 | $238K | Reduce -8.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.13% | 473 | $238K | No change |
| JBL Jabil Inc. | 0.13% | 1,091 | $237K | Reduce -8.7% |
| ORLY O'reilly Automotive Inc. | 0.13% | 2,184 | $235K | New |
| HII Huntington Ingalls Industrie | 0.13% | 809 | $233K | Reduce -8.7% |
| AEE Ameren Corporation | 0.13% | 2,200 | $230K | No change |
| MDT Medtronic PLC | 0.13% | 2,389 | $227K | Add +0.5% |
| HWM Howmet Aerospace Inc. | 0.13% | 1,147 | $225K | Reduce -9.0% |
| IMCV iShares Morningstar Mid-Cap | 0.13% | 2,799 | $225K | Add +0.1% |
| COR Cencora Inc. | 0.12% | 711 | $222K | Reduce -6.6% |
| THC Tenet Healthcare Corp. | 0.12% | 1,089 | $221K | Reduce -12.3% |
| EBAY eBay Inc. | 0.12% | 2,426 | $221K | New |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.12% | 1,964 | $214K | New |
| LMT Lockheed Martin Corp. | 0.12% | 428 | $214K | New |
| DASH DoorDash Inc. Class A | 0.12% | 778 | $212K | New |
| NTRS Northern Trust Corp. | 0.12% | 1,568 | $211K | Reduce -12.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.12% | 215 | $208K | New |
| OLLI Ollie's Bargain Outlet Holdi | 0.12% | 1,606 | $206K | New |
Portfolio Sells Q2 2025 → Q3 2025
| INGR Ingredion Inc. | Sold out | 0.00% | −0.84 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.50 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.47 |
| CHWY Chewy Inc. Class A | Reduce -7.0% | 1.29% | −0.29 |
| GRPN Groupon Inc. | Sold out | 0.00% | −0.23 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.21 |
| PM Philip Morris International | Reduce -56.2% | 0.11% | −0.20 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.19 |
| RSG Republic Services Inc. | Sold out | 0.00% | −0.17 |
| CTVA Corteva Inc. | Sold out | 0.00% | −0.17 |
| CVSA Covista Inc. | Sold out | 0.00% | −0.16 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.16 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.14 |
| RGLD Royal Gold Inc. | Sold out | 0.00% | −0.14 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.14 |
| CCEP Coca-Cola Europacific Partne | Sold out | 0.00% | −0.14 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.14 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.14 |
| DGX Quest Diagnostics Inc. | Sold out | 0.00% | −0.14 |
| IDV iShares International Select | Sold out | 0.00% | −0.13 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.13 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.13 |
| WRB WR Berkley Corp. | Sold out | 0.00% | −0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.13 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.13 |
| UGI Ugi Corp. | Sold out | 0.00% | −0.13 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.13 |
| ROL Rollins Inc. | Sold out | 0.00% | −0.13 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.12 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.12 |
| GT Goodyear Tire & Rubber Co. | Sold out | 0.00% | −0.11 |
| JBL Jabil Inc. | Reduce -8.7% | 0.13% | −0.03 |
| UBER Uber Technologies Inc. | Reduce -11.4% | 0.15% | −0.02 |
| ODFL Old Dominion Freight Line | Reduce -0.4% | 0.16% | −0.02 |
| NTRS Northern Trust Corp. | Reduce -12.2% | 0.12% | −0.02 |
| HWM Howmet Aerospace Inc. | Reduce -9.0% | 0.13% | −0.02 |
| COR Cencora Inc. | Reduce -6.6% | 0.12% | −0.01 |
| THC Tenet Healthcare Corp. | Reduce -12.3% | 0.12% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -3.2% | 0.61% | −0.00 |
| GE General Electric | Reduce -8.7% | 0.13% | −0.00 |
| HII Huntington Ingalls Industrie | Reduce -8.7% | 0.13% | +0.00 |
| MSI Motorola Solutions Inc. | Reduce -0.3% | 1.14% | +0.00 |
| ABBV Abbvie Inc. | Reduce -3.4% | 0.22% | +0.02 |
| TJX TJX Companies Inc. | Reduce -0.3% | 1.34% | +0.10 |
| CLS Celestica Inc. | Reduce -6.2% | 2.84% | +0.77 |
| AAPL Apple Inc. | Reduce -0.1% | 9.97% | +1.29 |
Portfolio Buys Q2 2025 → Q3 2025
| BBY Best Buy Co. Inc. | New | 1.09% | +1.09 |
| DE Deere & Co. | New | 0.89% | +0.89 |
| BE Bloom Energy Corp. Class A | New | 0.67% | +0.67 |
| AVGO Broadcom Inc. | Add +0.0% | 4.26% | +0.42 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.5% | 3.02% | +0.39 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 1.66% | +0.35 |
| NVDA Nvidia Corp. | Add +0.2% | 3.58% | +0.31 |
| CAT Caterpillar Inc. | Add +0.7% | 1.73% | +0.22 |
| RTX RTX Corp. | Add +10.8% | 1.36% | +0.20 |
| ORLY O'reilly Automotive Inc. | New | 0.13% | +0.13 |
| EBAY eBay Inc. | New | 0.12% | +0.12 |
| BNY Bank of New York Mellon Corp. | New | 0.12% | +0.12 |
| LMT Lockheed Martin Corp. | New | 0.12% | +0.12 |
| DASH DoorDash Inc. Class A | New | 0.12% | +0.12 |
| FSLR First Solar Inc. | Add +7.4% | 0.48% | +0.12 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.12% | +0.12 |
| OLLI Ollie's Bargain Outlet Holdi | New | 0.12% | +0.12 |
| BMO Bank of Montreal | New | 0.11% | +0.11 |
| CFG Citizens Financial Group | Add +1.1% | 1.06% | +0.11 |
| LNC Lincoln National Corp. | Add +4.5% | 0.90% | +0.10 |
| VMC Vulcan Materials Co. | Add +1.1% | 1.05% | +0.10 |
| KLAC KLA Corp. | Add +4.1% | 0.71% | +0.10 |
| RIO Rio Tinto PLC-Spon ADR | Add +2.4% | 1.39% | +0.10 |
| AMD Advanced Micro Devices | Add +2.3% | 1.26% | +0.09 |
| NXT Nextpower Inc. | Add +3.2% | 0.40% | +0.09 |
| CAVA Cava Group Inc. | Add +96.7% | 0.38% | +0.09 |
| DELL Dell Technologies -C | Add +1.2% | 1.07% | +0.08 |
| MS Morgan Stanley | Add +0.9% | 1.34% | +0.07 |
| MLM Martin Marietta Materials | Add +4.9% | 0.64% | +0.07 |
| BX Blackstone Inc. | Add +3.0% | 0.77% | +0.06 |
| LOW Lowe's Cos Inc. | Add +5.1% | 0.64% | +0.06 |
| FBND Fidelity Total Bond ETF | Add +17.3% | 0.48% | +0.04 |
| ASO Academy Sports & Outdoors Inc. | Add +5.0% | 0.43% | +0.03 |
| HD Home Depot Inc. | Add +0.3% | 1.29% | +0.03 |
| VST Vistra Corp. | Add +14.1% | 0.48% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +0.9% | 1.72% | +0.03 |
| KEYS Keysight Technologies Inc. | Add +7.8% | 0.43% | +0.03 |
| JNJ Johnson & Johnson | Add +0.2% | 0.23% | +0.03 |
| CVX Chevron Corp. | Add +1.8% | 0.87% | +0.02 |
| WBS Webster Financial Corp. | Add +0.8% | 0.87% | +0.01 |
| TSCO Tractor Supply Company | Add +1.2% | 0.97% | +0.01 |
| O Realty Income Corp. | Add +2.8% | 0.79% | +0.00 |
| MDT Medtronic PLC | Add +0.5% | 0.13% | +0.00 |
| WMT Walmart Inc. | Add +2.7% | 0.28% | +0.00 |
| AVK Advent Convert & Income | Add +2.3% | 0.09% | +0.00 |
| IMCV iShares Morningstar Mid-Cap | Add +0.1% | 0.13% | −0.00 |
| XNROX Neu Re Est Sec Inc. FD Inc.-US | Add +2.5% | 0.06% | −0.00 |
| RITM Rithm Capital Corp. | Add +6.2% | 0.62% | −0.00 |
| LIN Linde PLC | Add +5.6% | 0.54% | −0.01 |
| DUK Duke Energy Corp. | Add +2.2% | 0.93% | −0.01 |
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 |