Kentucky Farm Bureau Mutual Insurance Co

Fundamental diversified ★Signal CIK 2131132
League rank
#655
in Fundamental diversified · #5067 overall
Long book
$329.4M
Q1 2026
Positions
65
Top-10 weight
49%
concentration
Last quarter
+10.1%
SPY +14.8%
Turnover
9%
of book per quarter

Strategy in plain words

auto-generated from filings

Kentucky Farm Bureau Mutual Insurance Co is a diversified fundamental manager, running a $329.4M US long book across 65 positions.

The portfolio is moderately concentrated (top 10 ≈ 49% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, MICROSOFT CORP, APPLE INC, ALPHABET INC-CL A, CATERPILLAR INC.

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. 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
+4.2%
Q2 2024
+5.8%
Q3 2024
+1.3%
Q4 2024
-4.0%
Q1 2025
+10.3%
Q2 2025
+7.8%
Q3 2025
+3.1%
Q4 2025
-2.3%
Q1 2026
+10.1%

Sector allocation

Technology
26%
Industrials
13%
Financials
12%
Consumer discretionary
12%
Healthcare
9%
Energy
7%
Utilities
7%
Services media
6%

Long book by quarter

$423.1M
Q1 2024
$439.2M
Q2 2024
$463.3M
Q3 2024
$444.8M
Q4 2024
$425.6M
Q1 2025
$468.1M
Q2 2025
$406.1M
Q3 2025
$370.6M
Q4 2025
$329.4M
Q1 2026

What does Kentucky Farm own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology39.4K$14.6M4.4%+31.5%
AAPL APPLE INCTechnology53.6K$13.6M4.1%Held
GOOGL ALPHABET INC-CL ATechnology43.8K$12.6M3.8%Held
CAT CATERPILLAR INCIndustrials15.0K$10.6M3.2%Held
JPM JPMORGAN CHASE & COFinancials33.0K$9.7M2.9%Held
AMZN AMAZON.COM INCConsumer discretionary45.5K$9.5M2.9%Held
JNJ JOHNSON & JOHNSONHealthcare30.0K$7.3M2.2%Held
META META PLATFORMS INC-CLASS ATechnology12.4K$7.1M2.2%Held
RTX RTX CORPIndustrials33.3K$6.4M2.0%Held
WMT WALMART INCConsumer discretionary47.2K$5.9M1.8%Held
LHX L3HARRIS TECHNOLOGIES INCTechnology17.0K$5.9M1.8%Held
MA MASTERCARD INC - AServices media10.2K$5.1M1.5%Held
V VISA INC-CLASS A SHARESServices media16.8K$5.1M1.5%Held
KMI KINDER MORGAN INCUtilities148.3K$5.0M1.5%Held
ABT ABBOTT LABORATORIESHealthcare45.0K$4.6M1.4%Held
DAL DELTA AIR LINES INCIndustrials68.5K$4.6M1.4%New
UNP UNION PACIFIC CORPIndustrials18.0K$4.4M1.3%Held
LMT LOCKHEED MARTIN CORPIndustrials7.0K$4.2M1.3%Held
PM PHILIP MORRIS INTERNATIONALConsumer staples25.0K$4.1M1.3%Held
COP CONOCOPHILLIPSEnergy30.0K$4.0M1.2%Held
CVX CHEVRON CORPEnergy19.0K$3.9M1.2%Held
PG PROCTER & GAMBLE CO/THEOther27.0K$3.9M1.2%Held
MRK MERCK & CO. INC.Healthcare31.7K$3.8M1.2%Held
NEE NEXTERA ENERGY INCUtilities40.0K$3.7M1.1%Held
ABBV ABBVIE INCHealthcare17.0K$3.7M1.1%Held
MPC MARATHON PETROLEUM CORPEnergy15.0K$3.7M1.1%Held
COST COSTCO WHOLESALE CORPConsumer discretionary3.6K$3.6M1.1%Held
AXP AMERICAN EXPRESS COFinancials11.7K$3.5M1.1%New
AMGN AMGEN INCHealthcare10.0K$3.5M1.1%Held
UNH UNITEDHEALTH GROUP INCFinancials13.0K$3.5M1.1%Held
TJX TJX COMPANIES INCConsumer discretionary22.0K$3.5M1.1%Held
TMO THERMO FISHER SCIENTIFIC INCOther7.0K$3.4M1.0%Held
SPGI S&P GLOBAL INCServices media8.0K$3.4M1.0%Held
AEP AMERICAN ELECTRIC POWERUtilities25.0K$3.3M1.0%Held
MCD MCDONALD'S CORPConsumer discretionary10.0K$3.1M0.9%Held
XOM EXXON MOBIL CORPEnergy18.0K$3.1M0.9%Held
CRM SALESFORCE INCTechnology16.0K$3.0M0.9%Held
C CITIGROUP INCFinancials25.6K$2.9M0.9%New
BX BLACKSTONE INCFinancials25.0K$2.9M0.9%Held
CHDN CHURCHILL DOWNS INCServices media32.0K$2.9M0.9%Held
LOW LOWE'S COS INCConsumer discretionary11.3K$2.7M0.8%Held
HSY HERSHEY CO/THEConsumer staples12.5K$2.6M0.8%Held
FANG DIAMONDBACK ENERGY INCEnergy12.6K$2.5M0.8%Held
COF CAPITAL ONE FINANCIAL CORPFinancials13.0K$2.4M0.7%New
ELV ELEVANCE HEALTH INCFinancials8.0K$2.3M0.7%Held
PEP PEPSICO INCConsumer staples15.0K$2.3M0.7%Held
MCHP MICROCHIP TECHNOLOGY INCTechnology36.0K$2.3M0.7%Held
AVGO BROADCOM INCTechnology7.5K$2.3M0.7%Held
HD HOME DEPOT INCConsumer discretionary7.0K$2.3M0.7%Held
KO COCA-COLA CO/THEConsumer staples30.0K$2.3M0.7%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202665$329.4M canonicalSEC ↗
Q4 202513F-HRMay 15, 202663$370.6M canonicalSEC ↗
Q3 202513F-HRMay 15, 202658$406.1M canonicalSEC ↗
Q2 202513F-HRMay 15, 202668$468.1M canonicalSEC ↗
Q1 202513F-HRMay 15, 202668$425.6M canonicalSEC ↗
Q4 202413F-HRMay 15, 202668$444.8M canonicalSEC ↗
Q3 202413F-HRMay 15, 202673$463.3M canonicalSEC ↗
Q2 202413F-HRMay 15, 202673$439.2M canonicalSEC ↗
Q1 202413F-HRMay 15, 202673$423.1M canonicalSEC ↗