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

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 Q4 2024 Q1 2025: $155.3M Q1 2025 Q2 2025: $164.7M Q2 2025 Q3 2025: $177.8M $177.8M Q3 2025 Q4 2025: $187.9M Q4 2025 Q1 2026: $170.9M Q1 2026 Q2 2026: $209.4M Q2 2026

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
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.11% 1,569 $204K New
PM Philip Morris International 0.11% 1,253 $203K Reduce -56.2%
AVK Advent Convert & Income 0.09% 12,650 $162K Add +2.3%
STLA Stellantis NV 0.07% 14,000 $131K No change
XNROX Neu Re Est Sec Inc. FD Inc.-US filed as NEUBERGER BERMAN REAL ESTATE 0.06% 35,009 $113K Add +2.5%

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

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