CB
Community Bank & Trust, Waco, Texas — 13F Portfolio Analysis & Stock Picks (Q3 2026)
Community Bank & Trust, Waco, TexasCIK: 0001654847
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$612.3M
Reporting period: 2026-09-30 · Number of holdings: 173
Community Bank & Trust, Waco, Texas disclosed 173 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $612.3M and a quarterly turnover rate of 20.8%.
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Personality snowflake
- Concentration
- 11.5
- Portfolio Stability
- 20.8
- Momentum
- 100
- Sector conviction
- 56.77
- Diversification
- 100
- Sizing Uniformity
- 80.01
Community Bank & Trust, Waco, Texas's disclosed holdings carry a Herfindahl concentration index of 0.029 — mathematically equivalent to about 35 equally-sized positions, well below its 173 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.00), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy 30233Q108
Sold out XOM
Add AAPL
+9.6% $15.0M
Trim CAT
+4.9% -$4.9M
Add MSFT
+12.1% $8.7M
Trim MU
-7.4% -$3.0M
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 11.78% | +1.47% | +9.61% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 4.03% | +1.14% | +12.09% | |
| 3 | NVDA | Nvidia CORP | Stock-Tech | 3.74% | +0.07% | -1.50% | |
| 4 | VLO | Valero Energy CORP | Stock-Energy | 3.49% | +0.80% | -3.73% | |
| 5 | CAT | Caterpillar Inc | Stock-Industrials | 3.18% | -1.21% | +4.95% | |
| 6 | MU | Micron Technology Inc | Stock-Tech | 2.84% | -0.83% | -7.38% | |
| 7 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.70% | -0.19% | +2.16% | |
| 8 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.65% | -0.38% | +0.38% | |
| 9 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.64% | +0.20% | +14.57% | |
| 10 | ✓ | Stock-Other | 2.38% | +2.38% | NEW | ||
| 11 | WMT | Walmart Inc | Stock-Consumer Staples | 2.21% | -0.03% | +18.91% | |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 2.16% | -0.16% | +3.65% | |
| 13 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.08% | -0.03% | +4.14% | |
| 14 | CSCO | Cisco Systems Inc | Stock-Tech | 1.92% | -0.23% | +7.46% | |
| 15 | LMT | Lockheed Martin CORP | Stock-Industrials | 1.87% | +0.02% | +11.76% | |
| 16 | ABBV | Abbvie Inc | Stock-Healthcare | 1.79% | +0.29% | +26.87% | |
| 17 | CVX | Chevron CORP | Stock-Energy | 1.62% | +0.23% | +4.04% | |
| 18 | PSX | Phillips 66 | Stock-Energy | 1.45% | +0.42% | +3.02% | |
| 19 | IBM | Intl Business Machines CORP | Stock-Tech | 1.38% | -0.51% | +3.36% | |
| 20 | GD | General Dynamics CORP | Stock-Industrials | 1.34% | -0.06% | +12.83% | |
| 21 | BX | Blackstone Inc | Stock-Financials | 1.33% | -0.13% | +5.95% | |
| 22 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.32% | -0.03% | +8.42% | |
| 23 | STX | Seagate Technology Holdings plc | Stock-Tech | 1.24% | -0.41% | -13.03% | |
| 24 | AVGO | Broadcom Inc | Stock-Tech | 1.23% | -0.28% | -3.26% | |
| 25 | CSSD | C&s Sd Pref & Inc Active ETF | ETF-Other | 1.12% | -0.01% | +12.63% | |
| 26 | UNP | Union Pacific CORP | Stock-Industrials | 1.09% | -0.04% | +5.60% | |
| 27 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.08% | -0.15% | +13.74% | |
| 28 | AMD | Advanced Micro Devices | Stock-Tech | 1.08% | -0.07% | -1.72% | |
| 29 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.99% | -0.18% | -3.59% | |
| 30 | SO | Southern Co/the | Stock-Utilities | 0.97% | -0.17% | +8.68% | |
| 31 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.96% | +0.04% | +1.86% | |
| 32 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.93% | -0.07% | +10.11% | |
| 33 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.90% | +0.02% | +35.01% | |
| 34 | MO | Altria Group Inc | Stock-Consumer Staples | 0.89% | -0.06% | +11.25% | |
| 35 | HD | Home Depot Inc | Stock-Consumer Disc | 0.88% | -0.26% | +6.24% | |
| 36 | INTC | Intel CORP | Stock-Tech | 0.86% | -0.01% | +27.56% | |
| 37 | PRU | Prudential Financial Inc | Stock-Financials | 0.85% | -0.06% | -1.63% | |
| 38 | AMGN | Amgen Inc | Stock-Healthcare | 0.83% | +0.14% | +13.64% | |
| 39 | MCHP | Microchip Technology Inc | Stock-Tech | 0.77% | -0.12% | +12.02% | |
| 40 | ABT | Abbott Laboratories | Stock-Healthcare | 0.76% | +0.14% | +25.23% | |
| 41 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.76% | -0.09% | +11.34% | |
| 42 | ELV | Elevance Health Inc | Stock-Healthcare | 0.73% | -0.12% | -5.86% | |
| 43 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.69% | +0.03% | +5.75% | |
| 44 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.68% | +0.12% | +26.99% | |
| 45 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 0.66% | +0.03% | +16.03% | |
| 46 | ICE | Intercontinental Exchange In | Stock-Financials | 0.56% | +0.09% | +7.36% | |
| 47 | BLK | Blackrock Inc | Stock-Financials | 0.49% | +0.07% | +17.00% | |
| 48 | PAYX | Paychex Inc | Stock-Tech | 0.49% | -0.01% | +8.54% | |
| 49 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.48% | -0.09% | -5.62% | |
| 50 | DE | Deere & Co | Stock-Industrials | 0.47% | +0.14% | +49.86% |
1–50 of 173
Portfolio Performance
Performance for Q4 2026
+3.4%
Performance Last 4 Quarters
+22.3%
- Stdev
- +10.6%
- Beta
- +0.8
- Alpha
- +2.9%
- Max Drawdown
- -8.6%
- Annualized Perf
- +22%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +4.19
- Stutzer
- +0.56
- Treynor
- +0.26
- Sterling
- +1.44
- Calmar
- +2.57
- Information Ratio
- -0.35
- Tracking Error
- +4.8%
- Stdev Down
- +4.9%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +37.1%
- Worst 12 Months
- +5.3%
- Efficiency Ratio
- +0.78
- Sharpe
- +1.95
- Stdev Sectors
- +9.5%
- Skewness
- -0.15
- Kurtosis
- -0.04
- Upside Potential
- +5.66
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 173 | $612.3M | 21 | ||
| 2026 Q2 | 168 | $554.5M | 18 | ||
| 2026 Q1 | 161 | $496.2M | 18 | ||
| 2025 Q4 | 153 | $487.1M | 9 | ||
| 2025 Q3 | 149 | $484.7M | 18 | ||
| 2025 Q2 | 143 | $441.6M | 0 | ||
| 2025 Q1 | 143 | $424.9M | 100 | ||
| 2024 Q4 | 140 | $432.4M | 0 | ||
| 2024 Q3 | 142 | $444.0M | 0 | ||
| 2024 Q2 | 137 | $400.3M | 0 | ||
| 2024 Q1 | 142 | $407.5M | 0 | ||
| 2023 Q4 | 136 | $367.0M | 0 | ||
| 2023 Q3 | 129 | $281.1M | 0 | ||
| 2023 Q2 | 138 | $333.4M | 0 | ||
| 2023 Q1 | 139 | $314.5M | 0 | ||
| 2022 Q4 | 139 | $306.6M | 0 | ||
| 2022 Q3 | 129 | $281.1M | 0 | ||
| 2022 Q2 | 135 | $301.9M | 0 | ||
| 2022 Q1 | 136 | $349.0M | 0 | ||
| 2021 Q4 | 131 | $339.6M | 0 | ||
| 2021 Q3 | 133 | $307.4M | 0 | ||
| 2021 Q2 | 130 | $306.1M | 98 | ||
| 2021 Q1 | 131 | $295.1M | 13 | ||
| 2020 Q4 | 127 | $283.9M | 16 | ||
| 2020 Q3 | 122 | $252.3M | 15 | ||
| 2020 Q2 | 120 | $239.2M | 20 | ||
| 2020 Q1 | 112 | $199.9M | 29 | ||
| 2019 Q4 | 131 | $251.0M | 17 | ||
| 2019 Q3 | 133 | $232.8M | 12 | ||
| 2019 Q2 | 132 | $233.2M | 11 | ||
| 2019 Q1 | 137 | $227.8M | 18 | ||
| 2018 Q4 | 134 | $206.5M | 18 | ||
| 2018 Q3 | 143 | $239.7M | 16 | ||
| 2018 Q2 | 131 | $221.3M | 11 | ||
| 2018 Q1 | 128 | $217.6M | 10 | ||
| 2017 Q4 | 134 | $228.7M | 14 | ||
| 2017 Q3 | 126 | $214.7M | 9 | ||
| 2017 Q2 | 123 | $206.6M | 9 | ||
| 2017 Q1 | 119 | $203.2M | 9 | ||
| 2016 Q4 | 119 | $192.1M | 11 | ||
| 2016 Q3 | 113 | $184.2M | 10 | ||
| 2016 Q2 | 115 | $182.3M | 10 | ||
| 2016 Q1 | 111 | $176.0M | 12 | ||
| 2015 Q4 | 113 | $170.9M | 0 |
Holding changes this quarter
Community Bank & Trust, Waco, Texas's most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Moody's CORP (MCO); New buy: Bristol-myers Squibb Co (BMY); New buy: Banco Bilbao Vizcaya-sp Adr (BBVA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +2.4% | NEW | New buy | |
| 2 | AAPL | Apple Inc | +1.5% | +9.61% | Add |
| 3 | MSFT | Microsoft CORP | +1.1% | +12.09% | Add |
| 4 | VLO | Valero Energy CORP | +0.8% | -3.73% | Trim |
| 5 | PSX | Phillips 66 | +0.4% | +3.02% | Add |
| 6 | ABBV | Abbvie Inc | +0.3% | +26.87% | Add |
| 7 | CVX | Chevron CORP | +0.2% | +4.04% | Add |
| 8 | JNJ | Johnson & Johnson | +0.2% | +14.57% | Add |
| 9 | ABT | Abbott Laboratories | +0.1% | +25.23% | Add |
| 10 | AMGN | Amgen Inc | +0.1% | +13.64% | Add |
| 11 | DE | Deere & Co | +0.1% | +49.86% | Add |
| 12 | TTE | TotalEnergies SE | +0.1% | +163.43% | Add |
| 13 | TXN | Texas Instruments Inc | +0.1% | +86.25% | Add |
| 14 | KO | Coca-cola Co/the | +0.1% | +26.99% | Add |
| 15 | CFR | Cullen/frost Bankers Inc | +0.1% | +143.08% | Add |
| 16 | COP | Conocophillips | +0.1% | +14.79% | Add |
| 17 | ICE | Intercontinental Exchange In | +0.1% | +7.36% | Add |
| 18 | MCO | Moody's CORP | +0.1% | NEW | New buy |
| 19 | NVDA | Nvidia CORP | +0.1% | -1.50% | Trim |
| 20 | BLK | Blackrock Inc | +0.1% | +17.00% | Add |
| 21 | ADP | Automatic Data Processing | +0.1% | +13.73% | Add |
| 22 | PM | Philip Morris International | +0.1% | +19.88% | Add |
| 23 | PFE | Pfizer Inc | +0.1% | +16.02% | Add |
| 24 | BMY | Bristol-myers Squibb Co | +0.1% | NEW | New buy |
| 25 | MCK | Mckesson CORP | +0.1% | +23.75% | Add |
| 26 | AON | Aon plc | +0.1% | +152.43% | Add |
| 27 | BBVA | Banco Bilbao Vizcaya-sp Adr | +0.1% | NEW | New buy |
| 28 | QQQM | Invesco Nasdaq 100 ETF | +0.1% | NEW | New buy |
| 29 | MRK | Merck & Co. Inc. | 0% | +1.86% | Add |
| 30 | ALL | Allstate CORP | 0% | +37.16% | Add |
| 31 | TGT | Target CORP | 0% | +11.77% | Add |
| 32 | CRM | Salesforce Inc | 0% | +2.44% | Add |
| 33 | PNC | Pnc Financial Services Group | 0% | NEW | New buy |
| 34 | FULT | Fulton Financial CORP | 0% | NEW | New buy |
| 35 | IWM | Ishares Russell 2000 ETF | 0% | NEW | New buy |
| 36 | XLU | St Sr Utl Sl Se Spdr Etf-usd | 0% | NEW | New buy |
| 37 | KFY | Korn Ferry | 0% | NEW | New buy |
| 38 | WTMF | Wisdomtree Mgd Futures Strat | 0% | NEW | New buy |
| 39 | FDL | First Trust Morn Dvd Lead In | 0% | NEW | New buy |
| 40 | VZ | Verizon Communications Inc | 0% | +5.75% | Add |
| 41 | RIO | Rio Tinto Plc-spon Adr | 0% | +16.03% | Add |
| 42 | WM | Waste Management Inc | 0% | +46.02% | Add |
| 43 | DVY | Ishares Select Dividend ETF | 0% | NEW | New buy |
| 44 | BSMQ | Invesco Bulletshares 2026 Mb | 0% | NEW | New buy |
| 45 | VWO | Vanguard Ftse Emerging Marke | 0% | +63.82% | Add |
| 46 | LMT | Lockheed Martin CORP | 0% | +11.76% | Add |
| 47 | LOW | Lowe's Cos Inc | 0% | +35.01% | Add |
| 48 | BBY | Best Buy Co Inc | 0% | +0.54% | Add |
| 49 | WELL | Welltower Inc | 0% | +15.95% | Add |
| 50 | TMO | Thermo Fisher Scientific Inc | 0% | -2.23% | Trim |
1–50 of 182
Filing History
FAQ
What is Community Bank & Trust, Waco, Texas and what type of investor is it?
Community Bank & Trust, Waco, Texas is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $612.3M, spread across 173 disclosed positions.
What are Community Bank & Trust, Waco, Texas's largest equity positions?
Based on the latest 13F filing, Community Bank & Trust, Waco, Texas's top holdings by market value are:
1. Apple Inc (AAPL) — $72.1M (11.8%)
2. Microsoft CORP (MSFT) — $24.7M (4.0%)
3. Nvidia CORP (NVDA) — $22.9M (3.7%)
4. Valero Energy CORP (VLO) — $21.4M (3.5%)
5. Caterpillar Inc (CAT) — $19.5M (3.2%)
What changes did Community Bank & Trust, Waco, Texas make in its most recent portfolio filing?
In the latest reported quarter, Community Bank & Trust, Waco, Texas made 162 notable position adjustments: 14 new positions were initiated, 112 existing holdings were added to, 27 positions were partially reduced, and 9 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Moody's CORP (MCO); New buy: Bristol-myers Squibb Co (BMY); New buy: Banco Bilbao Vizcaya-sp Adr (BBVA)
What sectors does Community Bank & Trust, Waco, Texas focus on?
Community Bank & Trust, Waco, Texas is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.7%
• Health Care: 11.3%
• Industrials: 11.1%
• Financials: 9.0%
• Energy: 8.2%
• Consumer Staples: 8.0%
Investment Profile
Community Bank & Trust, Waco, Texas returned an annualized 22.0% over the trailing 36 months — outperforming the S&P 500 by 2.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.80 (less volatile than the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 36.7% of the portfolio concentrated in Information Technology.
It has added to its AAPL position over the past two quarters (+$21.4M, now $72.1M), while trimming MCD over the same stretch (-$1.2M, still holding $6.6M).
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Developer Access
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