Independence Bank of Kentucky
Long book
$789.4M
Q1 2026
Positions
623
Top-10 weight
36%
concentration
Last quarter
+13.4%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsIndependence Bank of Kentucky is an institutional manager, running a $789.4M US long book across 623 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, MICROSOFT CORP, APPLE INC, JPMORGAN CHASE & CO, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 4 of 9 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
Q1 2024
+2.0%
Q2 2024
+6.2%
Q3 2024
+0.6%
Q4 2024
-2.5%
Q1 2025
+9.3%
Q2 2025
+7.6%
Q3 2025
+2.7%
Q4 2025
-2.3%
Q1 2026
+13.4%
Sector allocation
Technology 36%
Financials 12%
Consumer discretionary 11%
Healthcare 9%
Industrials 8%
Services media 7%
Energy 5%
Consumer staples 4%
Long book by quarter
What does Independence Bank own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 80.9K | $29.9M | 3.8% | +4.4% |
| AAPL APPLE INC | Technology | 116.1K | $29.5M | 3.7% | -2.9% |
| JPM JPMORGAN CHASE & CO | Financials | 93.1K | $27.4M | 3.5% | +2.1% |
| GOOGL ALPHABET INC-CL A | Technology | 84.5K | $24.3M | 3.1% | -2.5% |
| NVDA NVIDIA CORP | Technology | 134.1K | $23.4M | 3.0% | +4.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 93.0K | $19.4M | 2.5% | +4.5% |
| LLY ELI LILLY & CO | Healthcare | 14.3K | $13.1M | 1.7% | +3.3% |
| VRT VERTIV HOLDINGS CO-A | Technology | 47.7K | $12.0M | 1.5% | -15.7% |
| META META PLATFORMS INC-CLASS A | Technology | 18.0K | $10.3M | 1.3% | -3.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 39.8K | $9.7M | 1.2% | -6.1% |
| V VISA INC-CLASS A SHARES | Services media | 31.2K | $9.4M | 1.2% | -2.2% |
| CVX CHEVRON CORP | Energy | 40.9K | $8.5M | 1.1% | -6.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 53.6K | $7.7M | 1.0% | -5.4% |
| XOM EXXON MOBIL CORP | Energy | 40.4K | $6.9M | 0.9% | -8.0% |
| WMT WALMART INC | Consumer discretionary | 52.9K | $6.6M | 0.8% | -3.3% |
| ABBV ABBVIE INC | Healthcare | 29.8K | $6.5M | 0.8% | +9.4% |
| AVGO BROADCOM INC | Technology | 20.7K | $6.4M | 0.8% | +5.3% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 4.6K | $6.1M | 0.8% | -9.6% |
| HD HOME DEPOT INC | Consumer discretionary | 18.0K | $5.9M | 0.7% | -3.2% |
| PEP PEPSICO INC | Consumer staples | 37.8K | $5.9M | 0.7% | -4.6% |
| NFLX NETFLIX INC | Services media | 59.6K | $5.7M | 0.7% | +84.9% |
| SPGI S&P GLOBAL INC | Services media | 12.5K | $5.3M | 0.7% | +20.9% |
| ORCL ORACLE CORP | Technology | 34.1K | $5.0M | 0.6% | +2.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 23.5K | $4.8M | 0.6% | +7.9% |
| GOOG ALPHABET INC-CL C | Technology | 15.9K | $4.6M | 0.6% | -2.8% |
| WM WASTE MANAGEMENT INC | Utilities | 19.3K | $4.4M | 0.6% | -1.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 9.3K | $4.4M | 0.6% | -1.1% |
| NEE NEXTERA ENERGY INC | Utilities | 46.8K | $4.3M | 0.6% | -8.8% |
| KO COCA-COLA CO/THE | Consumer staples | 55.5K | $4.2M | 0.5% | +0.2% |
| MRK MERCK & CO. INC. | Healthcare | 34.8K | $4.2M | 0.5% | -10.5% |
| MA MASTERCARD INC - A | Services media | 7.8K | $3.9M | 0.5% | -0.6% |
| LOW LOWE'S COS INC | Consumer discretionary | 15.4K | $3.6M | 0.5% | +4.6% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 17.9K | $3.6M | 0.5% | +7.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 22.6K | $3.6M | 0.5% | -0.2% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 21.6K | $3.6M | 0.5% | +1.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 3.3K | $3.3M | 0.4% | -1.3% |
| GNRC GENERAC HOLDINGS INC | Industrials | 16.7K | $3.3M | 0.4% | -9.5% |
| ABT ABBOTT LABORATORIES | Healthcare | 31.2K | $3.2M | 0.4% | -4.0% |
| TMUS T-MOBILE US INC | Communications | 13.5K | $2.8M | 0.4% | -3.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 9.0K | $2.8M | 0.4% | 0.0% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 17.6K | $2.8M | 0.4% | +0.3% |
| MU MICRON TECHNOLOGY INC | Technology | 8.2K | $2.8M | 0.3% | -25.5% |
| GD GENERAL DYNAMICS CORP | Industrials | 8.0K | $2.7M | 0.3% | -4.8% |
| ETN EATON CORP PLC | Industrials | 7.1K | $2.6M | 0.3% | +3.8% |
| BAC BANK OF AMERICA CORP | Financials | 49.8K | $2.4M | 0.3% | -3.4% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 11.7K | $2.4M | 0.3% | -0.5% |
| SYK STRYKER CORP | Healthcare | 7.1K | $2.3M | 0.3% | -3.7% |
| BLK BLACKROCK INC | Financials | 2.4K | $2.3M | 0.3% | +0.3% |
| USB US BANCORP | Financials | 44.2K | $2.3M | 0.3% | -6.7% |
| PWR QUANTA SERVICES INC | Industrials | 4.1K | $2.3M | 0.3% | -11.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 623 | $789.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 20, 2026 | 724 | $803.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 9, 2025 | 623 | $778.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 17, 2025 | 615 | $705.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 11, 2025 | 613 | $639.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 623 | $649.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 9, 2024 | 586 | $465.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 539 | $377.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 16, 2024 | 517 | $333.9M | canonical | SEC ↗ |
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