Bank & Trust Co
Long book
$148.4M
Q1 2026
Positions
304
Top-10 weight
36%
concentration
Last quarter
+10.0%
SPY +14.8%
Turnover
3%
of book per quarter
Strategy in plain words
auto-generated from filingsBank & Trust Co is an institutional manager, running a $148.4M US long book across 304 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: OTTER TAIL CORP, ELI LILLY & CO, MICROSOFT CORP, OLD REPUBLIC INTL CORP, WALMART INC.
Over the last 8 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 3 of 8 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q2 2024
+5.7%
Q3 2024
-1.4%
Q4 2024
+3.1%
Q1 2025
+3.5%
Q2 2025
+7.9%
Q3 2025
+4.7%
Q4 2025
+3.1%
Q1 2026
+10.0%
Sector allocation
Utilities 20%
Financials 18%
Healthcare 14%
Technology 14%
Energy 11%
Consumer discretionary 8%
Industrials 7%
Consumer staples 3%
Long book by quarter
What does Bank & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| OTTR OTTER TAIL CORP | Utilities | 119.2K | $10.5M | 7.1% | -2.3% |
| LLY ELI LILLY & CO | Healthcare | 11.4K | $10.4M | 7.0% | -1.2% |
| MSFT MICROSOFT CORP | Technology | 16.5K | $6.1M | 4.1% | +2.3% |
| ORI OLD REPUBLIC INTL CORP | Financials | 101.6K | $4.1M | 2.7% | +7.4% |
| WMT WALMART INC | Consumer discretionary | 31.6K | $3.9M | 2.7% | -0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 13.5K | $3.9M | 2.6% | +0.3% |
| C CITIGROUP INC | Financials | 32.3K | $3.7M | 2.5% | -0.1% |
| VLO VALERO ENERGY CORP | Energy | 14.3K | $3.5M | 2.4% | -1.3% |
| XOM EXXON MOBIL CORP | Energy | 20.7K | $3.5M | 2.4% | -0.6% |
| AAPL APPLE INC | Technology | 12.9K | $3.3M | 2.2% | +4.5% |
| AEE AMEREN CORPORATION | Utilities | 29.2K | $3.2M | 2.2% | -0.5% |
| DUK DUKE ENERGY CORP | Utilities | 22.6K | $3.0M | 2.0% | -0.9% |
| MPC MARATHON PETROLEUM CORP | Energy | 11.3K | $2.8M | 1.9% | -0.2% |
| ITW ILLINOIS TOOL WORKS | Industrials | 10.1K | $2.6M | 1.8% | -0.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 10.1K | $2.5M | 1.7% | -0.6% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 47.1K | $2.4M | 1.6% | +5.0% |
| TRV TRAVELERS COS INC/THE | Financials | 7.9K | $2.3M | 1.6% | -0.9% |
| CAT CATERPILLAR INC | Industrials | 3.2K | $2.3M | 1.5% | -17.2% |
| CVX CHEVRON CORP | Energy | 10.9K | $2.3M | 1.5% | -0.4% |
| ALL ALLSTATE CORP | Financials | 10.1K | $2.1M | 1.4% | -1.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 6.6K | $2.0M | 1.4% | -0.4% |
| CSCO CISCO SYSTEMS INC | Technology | 25.9K | $2.0M | 1.4% | -0.9% |
| MCY MERCURY GENERAL CORP | Financials | 21.7K | $1.9M | 1.3% | -3.1% |
| ENB ENBRIDGE INC | Energy | 33.1K | $1.8M | 1.2% | +14.0% |
| MRK MERCK & CO. INC. | Healthcare | 14.5K | $1.7M | 1.2% | -0.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 7.4K | $1.5M | 1.0% | +2.6% |
| KO COCA-COLA CO/THE | Consumer staples | 20.1K | $1.5M | 1.0% | +7.6% |
| T AT&T INC | Communications | 51.7K | $1.5M | 1.0% | -0.3% |
| TFC TRUIST FINANCIAL CORP | Financials | 31.8K | $1.5M | 1.0% | +21.2% |
| KEY KEYCORP | Financials | 68.6K | $1.4M | 0.9% | -0.6% |
| SO SOUTHERN CO/THE | Utilities | 13.4K | $1.3M | 0.9% | -1.8% |
| ABBV ABBVIE INC | Healthcare | 5.9K | $1.3M | 0.9% | Held |
| WMB WILLIAMS COS INC | Utilities | 17.6K | $1.3M | 0.9% | -1.0% |
| PEP PEPSICO INC | Consumer staples | 8.2K | $1.3M | 0.9% | +12.1% |
| HD HOME DEPOT INC | Consumer discretionary | 3.8K | $1.2M | 0.8% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 20.2K | $1.2M | 0.8% | -0.4% |
| PFE PFIZER INC | Healthcare | 40.9K | $1.1M | 0.8% | Held |
| NVDA NVIDIA CORP | Technology | 6.6K | $1.1M | 0.8% | +0.4% |
| LNT ALLIANT ENERGY CORP | Utilities | 15.7K | $1.1M | 0.8% | Held |
| NUE NUCOR CORP | Industrials | 6.6K | $1.1M | 0.8% | Held |
| WEC WEC ENERGY GROUP INC | Utilities | 9.5K | $1.1M | 0.7% | Held |
| FITB FIFTH THIRD BANCORP | Financials | 21.9K | $1.0M | 0.7% | +16.3% |
| JPM JPMORGAN CHASE & CO | Financials | 3.4K | $987K | 0.7% | Held |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 5.2K | $943K | 0.6% | Held |
| PPL PPL CORP | Utilities | 22.9K | $876K | 0.6% | -0.7% |
| RF REGIONS FINANCIAL CORP | Financials | 33.3K | $871K | 0.6% | Held |
| AEP AMERICAN ELECTRIC POWER | Utilities | 6.4K | $835K | 0.6% | -1.0% |
| GILD GILEAD SCIENCES INC | Healthcare | 5.8K | $814K | 0.5% | -0.9% |
| UTHR UNITED THERAPEUTICS CORP | Healthcare | 1.4K | $813K | 0.5% | Held |
| ADM ARCHER-DANIELS-MIDLAND CO | Consumer staples | 10.9K | $796K | 0.5% | -2.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 13, 2026 | 304 | $148.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 13, 2026 | 296 | $141.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 6, 2025 | 287 | $135.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 14, 2025 | 288 | $126.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 9, 2025 | 289 | $122.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 7, 2025 | 285 | $119.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 9, 2024 | 287 | $123.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 8, 2024 | 287 | $117.8M | canonical | SEC ↗ |
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