Community Bank & Trust, Waco, Texas
Long book
$504.5M
Q1 2026
Positions
161
Top-10 weight
37%
concentration
Last quarter
+13.9%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsCommunity Bank & Trust, Waco, Texas is a diversified fundamental manager, running a $504.5M US long book across 161 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, NVIDIA CORP, CATERPILLAR INC, MICROSOFT CORP, JPMORGAN CHASE & CO.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.1%
Q2 2024
+7.6%
Q3 2024
-1.2%
Q4 2024
-1.1%
Q1 2025
+4.3%
Q2 2025
+9.8%
Q3 2025
+2.7%
Q4 2025
+0.7%
Q1 2026
+13.9%
Sector allocation
Technology 32%
Financials 12%
Industrials 12%
Consumer discretionary 11%
Healthcare 10%
Energy 10%
Consumer staples 4%
Utilities 3%
Long book by quarter
What does Community Bank own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 200.1K | $50.8M | 10.1% | -1.0% |
| NVDA NVIDIA CORP | Technology | 103.5K | $18.1M | 3.6% | -1.5% |
| CAT CATERPILLAR INC | Industrials | 23.4K | $16.6M | 3.3% | -1.3% |
| MSFT MICROSOFT CORP | Technology | 43.6K | $16.2M | 3.2% | +0.1% |
| JPM JPMORGAN CHASE & CO | Financials | 49.6K | $14.6M | 2.9% | +0.2% |
| VLO VALERO ENERGY CORP | Energy | 58.0K | $14.3M | 2.8% | +1.3% |
| WMT WALMART INC | Consumer discretionary | 112.0K | $13.9M | 2.8% | 0.0% |
| XOM EXXON MOBIL CORP | Energy | 81.3K | $13.8M | 2.7% | +0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 47.5K | $13.6M | 2.7% | +0.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 54.3K | $13.3M | 2.6% | +0.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 26.6K | $12.8M | 2.5% | -1.2% |
| LMT LOCKHEED MARTIN CORP | Industrials | 20.4K | $12.3M | 2.4% | 0.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 49.9K | $10.4M | 2.1% | -0.1% |
| CVX CHEVRON CORP | Energy | 47.1K | $9.7M | 1.9% | +0.9% |
| CVS CVS HEALTH CORP | Healthcare | 12.9K | $9.2M | 1.8% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 37.3K | $9.0M | 1.8% | +5.9% |
| BX BLACKSTONE INC | Financials | 74.2K | $8.5M | 1.7% | -0.5% |
| CSCO CISCO SYSTEMS INC | Technology | 103.6K | $8.0M | 1.6% | +0.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 25.2K | $7.8M | 1.6% | +0.5% |
| GD GENERAL DYNAMICS CORP | Industrials | 22.1K | $7.6M | 1.5% | +1.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 52.3K | $7.6M | 1.5% | +0.2% |
| ABBV ABBVIE INC | Healthcare | 33.6K | $7.3M | 1.4% | -0.7% |
| AVGO BROADCOM INC | Technology | 22.5K | $7.0M | 1.4% | -0.7% |
| SO SOUTHERN CO/THE | Utilities | 67.5K | $6.5M | 1.3% | +1.6% |
| PEP PEPSICO INC | Consumer staples | 41.9K | $6.5M | 1.3% | +0.4% |
| PSX PHILLIPS 66 | Energy | 34.5K | $6.3M | 1.2% | +1.9% |
| MU MICRON TECHNOLOGY INC | Technology | 18.1K | $6.1M | 1.2% | -2.6% |
| HD HOME DEPOT INC | Consumer discretionary | 18.2K | $6.0M | 1.2% | -0.1% |
| UNP UNION PACIFIC CORP | Industrials | 23.5K | $5.7M | 1.1% | +0.6% |
| GOOG ALPHABET INC-CL C | Technology | 18.5K | $5.3M | 1.1% | -0.2% |
| LOW LOWE'S COS INC | Consumer discretionary | 22.2K | $5.2M | 1.0% | -0.2% |
| MRK MERCK & CO. INC. | Healthcare | 40.8K | $4.9M | 1.0% | -1.3% |
| MO ALTRIA GROUP INC | Consumer staples | 74.2K | $4.9M | 1.0% | +1.6% |
| PRU PRUDENTIAL FINANCIAL INC | Financials | 47.5K | $4.6M | 0.9% | +1.6% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 83.8K | $4.2M | 0.8% | 0.0% |
| ABT ABBOTT LABORATORIES | Healthcare | 39.0K | $4.0M | 0.8% | -0.9% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 9.8K | $3.9M | 0.8% | -1.5% |
| AMGN AMGEN INC | Healthcare | 10.3K | $3.6M | 0.7% | +1.5% |
| ELV ELEVANCE HEALTH INC | Financials | 12.2K | $3.6M | 0.7% | -0.3% |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 54.0K | $3.5M | 0.7% | -1.2% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 21.1K | $3.3M | 0.7% | -0.2% |
| UNH UNITEDHEALTH GROUP INC | Financials | 11.6K | $3.1M | 0.6% | -6.2% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 10.7K | $3.1M | 0.6% | -0.4% |
| KO COCA-COLA CO/THE | Consumer staples | 37.8K | $2.9M | 0.6% | +3.1% |
| DUK DUKE ENERGY CORP | Utilities | 20.8K | $2.7M | 0.5% | +4.9% |
| PAYX PAYCHEX INC | Services media | 29.1K | $2.7M | 0.5% | -10.9% |
| COP CONOCOPHILLIPS | Energy | 19.2K | $2.5M | 0.5% | +0.2% |
| KMI KINDER MORGAN INC | Utilities | 75.2K | $2.5M | 0.5% | +9.5% |
| AMD ADVANCED MICRO DEVICES | Technology | 11.7K | $2.4M | 0.5% | +2.9% |
| ORCL ORACLE CORP | Technology | 16.0K | $2.4M | 0.5% | +0.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 161 | $504.5M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 153 | $487.1M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 28, 2025 | 149 | $484.7M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 18, 2025 | 143 | $453.2M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 143 | $424.9M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 140 | $438.1M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 142 | $444.0M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 137 | $2.95B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 19, 2024 | 142 | $407.5M | $K fixed canonical | SEC ↗ |
Similar funds
DIAMANT ASSET MANAGEMENT, INC. LILLY ENDOWMENT INCBROOKFIELD Corp /ON/GQG Partners LLCMITSUBISHI UFJ FINANCIAL GROUP INCNewport Trust Company, LLCVIKING GLOBAL INVESTORS LPPARNASSUS INVESTMENTS, LLC MASTERCARD FOUNDATION ASSET MANAGEMENT CORPPZENA INVESTMENT MANAGEMENT LLCCOATUE MANAGEMENT LLCWinslow Capital Management, LLC