Trust Investment Advisors
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Trust Investment Advisors reported 91 stock positions worth $187.9 million. Its top holding was Eli Lilly (LLY) at 11.6% of the portfolio, followed by Apple (AAPL, 10.2%) and Microsoft (MSFT, 5.0%). Compared with Q3 2025, it opened 5 new positions, sold out of 19, added to 55 and reduced 26. The biggest buy was Celestica (CLS, shares +3%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- INDIANAPOLIS, IN
- CIK
- 0001597690
- Portfolio Value
- $187.9M (Q4 2025)
- SEC Filing
- 0001597690-26-000002 ↗ filed Jan 20, 2026
Holdings Value
Holdings 91 stocks · $187.9M
| LLY Eli Lilly & Co. | 11.57% | 20,225 | $21.7M | Reduce -2.7% |
| AAPL Apple Inc. | 10.23% | 70,726 | $19.2M | Add +1.6% |
| MSFT Microsoft Corp. | 4.95% | 19,239 | $9.3M | Reduce -3.2% |
| AVGO Broadcom Inc. | 4.19% | 22,743 | $7.9M | Reduce -0.9% |
| NVDA Nvidia Corp. | 3.51% | 35,406 | $6.6M | Add +3.7% |
| CLS Celestica Inc. | 3.33% | 21,149 | $6.3M | Add +3.2% |
| TSM Taiwan Semiconductor-SP ADR | 3.09% | 19,107 | $5.8M | Reduce -0.7% |
| CAT Caterpillar Inc. | 2.06% | 6,739 | $3.9M | Add +4.2% |
| GOOG Alphabet Inc. Class C | 2.04% | 12,222 | $3.8M | Add +1.0% |
| JPM JPMorgan Chase & Co. | 1.65% | 9,622 | $3.1M | Reduce -0.5% |
| AMD Advanced Micro Devices | 1.62% | 14,237 | $3.0M | Add +2.9% |
| RIO Rio Tinto PLC-Spon ADR | 1.61% | 37,825 | $3.0M | Add +1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.61% | 10,203 | $3.0M | Reduce -5.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.49% | 18,193 | $2.8M | Add +10.3% |
| PANW Palo Alto Networks Inc. | 1.43% | 14,552 | $2.7M | Add +7.4% |
| MS Morgan Stanley | 1.42% | 15,050 | $2.7M | Add +0.6% |
| COF Capital One Financial Corp. | 1.42% | 11,012 | $2.7M | Add +0.7% |
| RTX RTX Corp. | 1.32% | 13,545 | $2.5M | Reduce -6.0% |
| CSCO Cisco Systems Inc. | 1.27% | 30,939 | $2.4M | Reduce -0.7% |
| CFG Citizens Financial Group | 1.20% | 38,524 | $2.3M | Add +8.4% |
| ETN Eaton Corp. PLC | 1.04% | 6,162 | $2.0M | Reduce -3.2% |
| QCOM Qualcomm Inc. | 1.01% | 11,126 | $1.9M | Add +2.9% |
| CHWY Chewy Inc. Class A | 1.01% | 57,369 | $1.9M | Add +1.1% |
| HD Home Depot Inc. | 1.00% | 5,473 | $1.9M | Reduce -3.5% |
| V Visa Inc. Class A | 1.00% | 5,342 | $1.9M | Add +4.4% |
| OKE Oneok Inc. | 0.99% | 25,400 | $1.9M | Add +20.6% |
| LNC Lincoln National Corp. | 0.96% | 40,705 | $1.8M | Add +3.0% |
| MA Mastercard Inc. Class A | 0.94% | 3,101 | $1.8M | Add +3.4% |
| BBY Best Buy Co. Inc. | 0.94% | 26,441 | $1.8M | Add +3.1% |
| VMC Vulcan Materials Co. | 0.94% | 6,187 | $1.8M | Add +2.1% |
| TT Trane Technologies PLC | 0.92% | 4,424 | $1.7M | Add +0.7% |
| DELL Dell Technologies -C | 0.91% | 13,611 | $1.7M | Add +1.3% |
| MSI Motorola Solutions Inc. | 0.90% | 4,433 | $1.7M | Reduce -0.4% |
| WBS Webster Financial Corp. | 0.89% | 26,572 | $1.7M | Add +1.8% |
| XOM Exxon Mobil Corp. | 0.88% | 13,707 | $1.6M | Add +5.2% |
| DE Deere & Co. | 0.88% | 3,538 | $1.6M | Add +2.5% |
| DUK Duke Energy Corp. | 0.84% | 13,484 | $1.6M | Add +0.6% |
| CVX Chevron Corp. | 0.83% | 10,214 | $1.6M | Add +2.7% |
| TSCO Tractor Supply Company | 0.83% | 31,060 | $1.6M | Add +1.9% |
| BA The Boeing Co. | 0.81% | 7,044 | $1.5M | Add +3.2% |
| AMZN Amazon.com Inc. | 0.81% | 6,607 | $1.5M | Reduce -1.9% |
| KLAC KLA Corp. | 0.78% | 1,213 | $1.5M | Add +3.7% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.76% | 17,311 | $1.4M | Reduce -0.1% |
| BE Bloom Energy Corp. Class A | 0.75% | 16,286 | $1.4M | Add +15.1% |
| BX Blackstone Inc. | 0.73% | 8,859 | $1.4M | Add +9.8% |
| AMGN Amgen Inc. | 0.72% | 4,115 | $1.3M | Add +10.8% |
| O Realty Income Corp. | 0.70% | 23,266 | $1.3M | Add +0.8% |
| T AT&T Inc. | 0.66% | 49,990 | $1.2M | Add +2.6% |
| PRU Prudential Financial Inc. | 0.66% | 10,958 | $1.2M | Add +2.0% |
| MLM Martin Marietta Materials | 0.63% | 1,898 | $1.2M | Add +5.2% |
| KMI Kinder Morgan Inc. | 0.62% | 42,688 | $1.2M | Add +9.7% |
| LOW Lowe's Cos Inc. | 0.61% | 4,751 | $1.1M | Add +5.2% |
| FSLR First Solar Inc. | 0.60% | 4,343 | $1.1M | Add +12.2% |
| NXPI NXP Semiconductors NV | 0.59% | 5,132 | $1.1M | Add +1.5% |
| RITM Rithm Capital Corp. | 0.59% | 101,067 | $1.1M | Add +4.0% |
| KEYS Keysight Technologies Inc. | 0.58% | 5,384 | $1.1M | Add +24.1% |
| UNH Unitedhealth Group Inc. | 0.54% | 3,099 | $1.0M | Reduce -0.6% |
| CI The Cigna Group | 0.53% | 3,620 | $996K | Add +6.2% |
| HON Honeywell International Inc. | 0.53% | 5,107 | $996K | Add +8.6% |
| NXT Nextpower Inc. | 0.50% | 10,719 | $934K | Add +10.7% |
| LIN Linde PLC | 0.49% | 2,152 | $918K | Add +6.2% |
| TSN Tyson Foods Inc. Class A | 0.48% | 15,504 | $909K | Add +4.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.48% | 7,910 | $900K | Reduce -4.8% |
| FBND Fidelity Total Bond ETF | 0.45% | 18,292 | $842K | No change |
| ASO Academy Sports & Outdoors Inc. | 0.45% | 16,846 | $842K | Add +10.6% |
| VST Vistra Corp. | 0.43% | 5,043 | $814K | Add +15.0% |
| GEHC GE Healthcare Technology | 0.41% | 9,376 | $769K | Add +8.4% |
| EOG EOG Resources Inc. | 0.39% | 7,035 | $739K | Add +19.6% |
| OBDC Blue Owl Capital Corp. | 0.37% | 56,047 | $697K | Reduce -6.5% |
| TGT Target Corp. | 0.32% | 6,064 | $593K | Reduce -7.8% |
| WMT Walmart Inc. | 0.26% | 4,435 | $494K | Reduce -8.7% |
| FIGB Fidelity Invest GRD BND ETF | 0.25% | 10,800 | $469K | New |
| ABBV Abbvie Inc. | 0.23% | 1,903 | $435K | Add +12.3% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.20% | 1,961 | $381K | Reduce -60.0% |
| JNJ Johnson & Johnson | 0.20% | 1,804 | $373K | Reduce -18.1% |
| KO The Coca-Cola Co. | 0.19% | 5,209 | $364K | Reduce -11.3% |
| MRK Merck & Co. Inc. | 0.19% | 3,353 | $353K | New |
| MCD McDonald's Corp. | 0.17% | 1,060 | $324K | Reduce -15.9% |
| SIRI Sirius XM Holdings Inc. | 0.16% | 15,000 | $300K | No change |
| ODFL Old Dominion Freight Line | 0.15% | 1,844 | $289K | No change |
| LMT Lockheed Martin Corp. | 0.14% | 560 | $271K | Add +30.8% |
| UPS United Parcel Service Class B | 0.13% | 2,500 | $248K | New |
| AMAT Applied Materials Inc. | 0.13% | 944 | $243K | New |
| ASML ASML Holding NV-NY Reg SHS | 0.12% | 213 | $228K | Reduce -0.9% |
| AEE Ameren Corporation | 0.12% | 2,200 | $220K | No change |
| NSC Norfolk Southern Corp. | 0.11% | 742 | $214K | Reduce -7.4% |
| MDT Medtronic PLC | 0.11% | 2,138 | $205K | Reduce -10.5% |
| EMR Emerson Electric Co. | 0.11% | 1,546 | $205K | Reduce -16.3% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.11% | 1,579 | $205K | Add +0.6% |
| AAL American Airlines Group Inc. | 0.09% | 10,805 | $166K | New |
| STLA Stellantis NV | 0.08% | 14,000 | $152K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -3.2% | 4.95% | −0.84 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.38 |
| ETN Eaton Corp. PLC | Reduce -3.2% | 1.04% | −0.29 |
| HD Home Depot Inc. | Reduce -3.5% | 1.00% | −0.29 |
| MSI Motorola Solutions Inc. | Reduce -0.4% | 0.90% | −0.24 |
| IRM Iron Mountain Inc. | Reduce -0.1% | 0.76% | −0.23 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -60.0% | 0.20% | −0.17 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.15 |
| GE General Electric | Sold out | 0.00% | −0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.13 |
| JBL Jabil Inc. | Sold out | 0.00% | −0.13 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.13 |
| HII Huntington Ingalls Industrie | Sold out | 0.00% | −0.13 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.13 |
| IMCV iShares Morningstar Mid-Cap | Sold out | 0.00% | −0.13 |
| COR Cencora Inc. | Sold out | 0.00% | −0.12 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −0.12 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.12 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.12 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.12 |
| NTRS Northern Trust Corp. | Sold out | 0.00% | −0.12 |
| OLLI Ollie's Bargain Outlet Holdi | Sold out | 0.00% | −0.12 |
| PM Philip Morris International | Sold out | 0.00% | −0.11 |
| IBM Intl Business Machines Corp. | Reduce -5.7% | 1.61% | −0.11 |
| AVK Advent Convert & Income | Sold out | 0.00% | −0.09 |
| AVGO Broadcom Inc. | Reduce -0.9% | 4.19% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -0.5% | 1.65% | −0.06 |
| XNROX Neu Re Est Sec Inc. FD Inc.-US | Sold out | 0.00% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -0.6% | 0.54% | −0.06 |
| OBDC Blue Owl Capital Corp. | Reduce -6.5% | 0.37% | −0.06 |
| DIS The Walt Disney Co. | Reduce -4.8% | 0.48% | −0.06 |
| MCD McDonald's Corp. | Reduce -15.9% | 0.17% | −0.04 |
| RTX RTX Corp. | Reduce -6.0% | 1.32% | −0.03 |
| JNJ Johnson & Johnson | Reduce -18.1% | 0.20% | −0.03 |
| EMR Emerson Electric Co. | Reduce -16.3% | 0.11% | −0.03 |
| KO The Coca-Cola Co. | Reduce -11.3% | 0.19% | −0.03 |
| NSC Norfolk Southern Corp. | Reduce -7.4% | 0.11% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -1.9% | 0.81% | −0.02 |
| MDT Medtronic PLC | Reduce -10.5% | 0.11% | −0.02 |
| WMT Walmart Inc. | Reduce -8.7% | 0.26% | −0.02 |
| TGT Target Corp. | Reduce -7.8% | 0.32% | −0.02 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -0.9% | 0.12% | +0.00 |
| CSCO Cisco Systems Inc. | Reduce -0.7% | 1.27% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.7% | 3.09% | +0.07 |
| LLY Eli Lilly & Co. | Reduce -2.7% | 11.57% | +2.65 |
Portfolio Buys Q3 2025 → Q4 2025
| CLS Celestica Inc. | Add +3.2% | 3.33% | +0.49 |
| GOOG Alphabet Inc. Class C | Add +1.0% | 2.04% | +0.38 |
| AMD Advanced Micro Devices | Add +2.9% | 1.62% | +0.36 |
| CAT Caterpillar Inc. | Add +4.2% | 2.06% | +0.32 |
| AAPL Apple Inc. | Add +1.6% | 10.23% | +0.26 |
| FIGB Fidelity Invest GRD BND ETF | New | 0.25% | +0.25 |
| RIO Rio Tinto PLC-Spon ADR | Add +1.3% | 1.61% | +0.23 |
| MRK Merck & Co. Inc. | New | 0.19% | +0.19 |
| KEYS Keysight Technologies Inc. | Add +24.1% | 0.58% | +0.16 |
| TJX TJX Companies Inc. | Add +10.3% | 1.49% | +0.15 |
| CFG Citizens Financial Group | Add +8.4% | 1.20% | +0.14 |
| UPS United Parcel Service Class B | New | 0.13% | +0.13 |
| OKE Oneok Inc. | Add +20.6% | 0.99% | +0.13 |
| AMAT Applied Materials Inc. | New | 0.13% | +0.13 |
| AMGN Amgen Inc. | Add +10.8% | 0.72% | +0.13 |
| FSLR First Solar Inc. | Add +12.2% | 0.60% | +0.12 |
| COF Capital One Financial Corp. | Add +0.7% | 1.42% | +0.11 |
| NXT Nextpower Inc. | Add +10.7% | 0.50% | +0.09 |
| AAL American Airlines Group Inc. | New | 0.09% | +0.09 |
| MS Morgan Stanley | Add +0.6% | 1.42% | +0.09 |
| BE Bloom Energy Corp. Class A | Add +15.1% | 0.75% | +0.08 |
| KLAC KLA Corp. | Add +3.7% | 0.78% | +0.07 |
| LNC Lincoln National Corp. | Add +3.0% | 0.96% | +0.07 |
| XOM Exxon Mobil Corp. | Add +5.2% | 0.88% | +0.05 |
| GEHC GE Healthcare Technology | Add +8.4% | 0.41% | +0.04 |
| PRU Prudential Financial Inc. | Add +2.0% | 0.66% | +0.03 |
| TSN Tyson Foods Inc. Class A | Add +4.1% | 0.48% | +0.03 |
| LMT Lockheed Martin Corp. | Add +30.8% | 0.14% | +0.02 |
| EOG EOG Resources Inc. | Add +19.6% | 0.39% | +0.02 |
| ASO Academy Sports & Outdoors Inc. | Add +10.6% | 0.45% | +0.02 |
| WBS Webster Financial Corp. | Add +1.8% | 0.89% | +0.02 |
| V Visa Inc. Class A | Add +4.4% | 1.00% | +0.02 |
| ABBV Abbvie Inc. | Add +12.3% | 0.23% | +0.01 |
| KMI Kinder Morgan Inc. | Add +9.7% | 0.62% | +0.01 |
| QCOM Qualcomm Inc. | Add +2.9% | 1.01% | +0.00 |
| BMO Bank of Montreal | Add +0.6% | 0.11% | −0.01 |
| DE Deere & Co. | Add +2.5% | 0.88% | −0.01 |
| MLM Martin Marietta Materials | Add +5.2% | 0.63% | −0.01 |
| BA The Boeing Co. | Add +3.2% | 0.81% | −0.01 |
| MA Mastercard Inc. Class A | Add +3.4% | 0.94% | −0.02 |
| CI The Cigna Group | Add +6.2% | 0.53% | −0.02 |
| HON Honeywell International Inc. | Add +8.6% | 0.53% | −0.03 |
| LOW Lowe's Cos Inc. | Add +5.2% | 0.61% | −0.03 |
| RITM Rithm Capital Corp. | Add +4.0% | 0.59% | −0.04 |
| CVX Chevron Corp. | Add +2.7% | 0.83% | −0.04 |
| BX Blackstone Inc. | Add +9.8% | 0.73% | −0.05 |
| VST Vistra Corp. | Add +15.0% | 0.43% | −0.05 |
| LIN Linde PLC | Add +6.2% | 0.49% | −0.05 |
| NXPI NXP Semiconductors NV | Add +1.5% | 0.59% | −0.05 |
| NVDA Nvidia Corp. | Add +3.7% | 3.51% | −0.07 |
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 |