CB
Community Bank & Trust, Waco, Texas — 13F Portfolio Analysis & Stock Picks (Q2 2026)
Community Bank & Trust, Waco, TexasCIK: 0001654847
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$554.5M
Reporting period: 2026-06-30 · Number of holdings: 168
Community Bank & Trust, Waco, Texas disclosed 168 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $554.5M and a quarterly turnover rate of 18.3%.
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Personality snowflake
- Concentration
- 10.49
- Portfolio Stability
- 18.33
- Momentum
- 100
- Sector conviction
- 54.87
- Diversification
- 100
- Sizing Uniformity
- 81.49
Community Bank & Trust, Waco, Texas's disclosed holdings carry a Herfindahl concentration index of 0.026 — mathematically equivalent to about 38 equally-sized positions, well below its 168 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 1.85), 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.govAdd MU
-2.7% $14.2M
Add CAT
-2.4% $7.8M
Add STX
-3.9% $5.3M
Trim XOM
-2.1% -$2.9M
Add AMD
-5.9% $4.0M
Trim LMT
-1.3% -$2.1M
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 | 10.31% | +0.08% | -1.23% | |
| 2 | CAT | Caterpillar Inc | Stock-Industrials | 4.39% | +1.05% | -2.39% | |
| 3 | MU | Micron Technology Inc | Stock-Tech | 3.67% | +2.43% | -2.73% | |
| 4 | NVDA | Nvidia CORP | Stock-Tech | 3.67% | +0.03% | -1.77% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.03% | +0.28% | -0.93% | |
| 6 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.89% | -0.05% | -1.16% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 2.89% | -0.37% | -1.64% | |
| 8 | VLO | Valero Energy CORP | Stock-Energy | 2.69% | -0.20% | -1.22% | |
| 9 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.44% | -0.24% | -1.91% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 2.32% | -0.25% | -3.61% | |
| 11 | WMT | Walmart Inc | Stock-Consumer Staples | 2.24% | -0.57% | -2.13% | |
| 12 | CSCO | Cisco Systems Inc | Stock-Tech | 2.15% | +0.53% | -1.97% | |
| 13 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.11% | +0.02% | -1.49% | |
| 14 | XOM | Exxon Mobil CORP | Stock-Energy | 1.96% | -0.82% | -2.14% | |
| 15 | IBM | Intl Business Machines CORP | Stock-Tech | 1.89% | +0.07% | -0.16% | |
| 16 | LMT | Lockheed Martin CORP | Stock-Industrials | 1.85% | -0.64% | -1.27% | |
| 17 | STX | Seagate Technology Holdings plc | Stock-Tech | 1.65% | +0.87% | -3.93% | |
| 18 | AVGO | Broadcom Inc | Stock-Tech | 1.51% | +0.11% | -1.16% | |
| 19 | ABBV | Abbvie Inc | Stock-Healthcare | 1.50% | +0.03% | -1.65% | |
| 20 | BX | Blackstone Inc | Stock-Financials | 1.46% | -0.26% | -7.32% | |
| 21 | GD | General Dynamics CORP | Stock-Industrials | 1.40% | -0.13% | -0.67% | |
| 22 | CVX | Chevron CORP | Stock-Energy | 1.39% | -0.57% | -1.03% | |
| 23 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.35% | -0.17% | -2.19% | |
| 24 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.23% | -0.35% | -0.36% | |
| 25 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.17% | +0.10% | -0.69% | |
| 26 | AMD | Advanced Micro Devices | Stock-Tech | 1.15% | +0.67% | -5.89% | |
| 27 | SO | Southern Co/the | Stock-Utilities | 1.14% | -0.17% | -1.98% | |
| 28 | HD | Home Depot Inc | Stock-Consumer Disc | 1.14% | -0.07% | -1.85% | |
| 29 | UNP | Union Pacific CORP | Stock-Industrials | 1.13% | -0.02% | -1.54% | |
| 30 | CSSD | C&s Sd Pref & Inc Active ETF | ETF-Other | 1.13% | -0.09% | +2.42% | |
| 31 | PSX | Phillips 66 | Stock-Energy | 1.03% | -0.24% | -2.10% | |
| 32 | PEP | Pepsico Inc | Stock-Consumer Staples | 1.00% | -0.31% | -2.15% | |
| 33 | MO | Altria Group Inc | Stock-Consumer Staples | 0.95% | -0.04% | -1.74% | |
| 34 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.92% | -0.07% | -2.11% | |
| 35 | PRU | Prudential Financial Inc | Stock-Financials | 0.91% | -0.02% | -1.98% | |
| 36 | MCHP | Microchip Technology Inc | Stock-Tech | 0.89% | +0.19% | +0.09% | |
| 37 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.88% | -0.18% | — | |
| 38 | INTC | Intel CORP | Stock-Tech | 0.87% | +0.56% | -0.18% | |
| 39 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.85% | +0.22% | -2.58% | |
| 40 | ELV | Elevance Health Inc | Stock-Healthcare | 0.85% | +0.13% | -0.77% | |
| 41 | AMAT | Applied Materials Inc | Stock-Tech | 0.72% | +0.34% | -0.43% | |
| 42 | AMGN | Amgen Inc | Stock-Healthcare | 0.69% | -0.04% | +3.15% | |
| 43 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.66% | -0.19% | +3.91% | |
| 44 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 0.63% | -0.04% | +3.03% | |
| 45 | ABT | Abbott Laboratories | Stock-Healthcare | 0.62% | -0.19% | -3.34% | |
| 46 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.57% | -0.05% | -5.28% | |
| 47 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.56% | -0.02% | +0.90% | |
| 48 | PAYX | Paychex Inc | Stock-Tech | 0.49% | -0.05% | -4.58% | |
| 49 | ICE | Intercontinental Exchange In | Stock-Financials | 0.47% | -0.20% | +0.14% | |
| 50 | DUK | Duke Energy CORP | Stock-Utilities | 0.46% | -0.09% | -2.23% |
1–50 of 168
Portfolio Performance
Performance for Q3 2026
+4.3%
Performance Last 4 Quarters
+29.6%
- Stdev
- +11.2%
- Beta
- +0.81
- Alpha
- +2.2%
- Max Drawdown
- -8.6%
- Annualized Perf
- +19.3%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +3.31
- Stutzer
- +0.48
- Treynor
- +0.23
- Sterling
- +1.26
- Calmar
- +2.26
- Information Ratio
- -0.34
- Tracking Error
- +4.7%
- Stdev Down
- +5.6%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +37.1%
- Worst 12 Months
- +5.3%
- Efficiency Ratio
- +0.64
- Sharpe
- +1.64
- Stdev Sectors
- +9.1%
- Skewness
- -0.16
- Kurtosis
- -0.35
- Upside Potential
- +4.91
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 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 2026-06-30: New buy: AstraZeneca PLC (AZN); Sold out: Honeywell International Inc (HON); Sold out: Dow Inc (DOW); New buy: Cheniere Energy Inc (LNG); New buy: Arista Networks Inc (ANET).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +2.4% | -2.73% | Trim |
| 2 | CAT | Caterpillar Inc | +1.1% | -2.39% | Trim |
| 3 | STX | Seagate Technology Holdings plc | +0.9% | -3.93% | Trim |
| 4 | AMD | Advanced Micro Devices | +0.7% | -5.89% | Trim |
| 5 | INTC | Intel CORP | +0.6% | -0.18% | Trim |
| 6 | CSCO | Cisco Systems Inc | +0.5% | -1.97% | Trim |
| 7 | AMAT | Applied Materials Inc | +0.3% | -0.43% | Trim |
| 8 | GOOGL | Alphabet Inc-cl A | +0.3% | -0.93% | Trim |
| 9 | UNH | Unitedhealth Group Inc | +0.2% | -2.58% | Trim |
| 10 | MCHP | Microchip Technology Inc | +0.2% | +0.09% | Add |
| 11 | AZN | AstraZeneca PLC | +0.2% | NEW | New buy |
| 12 | ELV | Elevance Health Inc | +0.1% | -0.77% | Trim |
| 13 | AVGO | Broadcom Inc | +0.1% | -1.16% | Trim |
| 14 | GOOG | Alphabet Inc-cl C | +0.1% | -0.69% | Trim |
| 15 | AAPL | Apple Inc | +0.1% | -1.23% | Trim |
| 16 | IBM | Intl Business Machines CORP | +0.1% | -0.16% | Trim |
| 17 | TXN | Texas Instruments Inc | +0.1% | — | Unchanged |
| 18 | RY | Royal Bank Of Canada | +0.1% | +1.60% | Add |
| 19 | CVS | Cvs Health CORP | 0% | -3.55% | Trim |
| 20 | LNG | Cheniere Energy Inc | 0% | NEW | New buy |
| 21 | ANET | Arista Networks Inc | 0% | NEW | New buy |
| 22 | RRX | Regal Rexnord CORP | 0% | NEW | New buy |
| 23 | PANW | Palo Alto Networks Inc | 0% | — | Unchanged |
| 24 | FELC | Fidelity Enh Lrg Cap Cor ETF | 0% | NEW | New buy |
| 25 | QQQ | Invesco Qqq Trust Series 1 | 0% | NEW | New buy |
| 26 | BNY | Bank Of New York Mellon CORP | 0% | NEW | New buy |
| 27 | CL | Colgate-palmolive Co | 0% | NEW | New buy |
| 28 | ✓ | 0% | NEW | New buy | |
| 29 | IJH | Ishares Core S&p Midcap ETF | 0% | NEW | New buy |
| 30 | NVDA | Nvidia CORP | 0% | -1.77% | Trim |
| 31 | ABBV | Abbvie Inc | 0% | -1.65% | Trim |
| 32 | AMZN | Amazon.com Inc | 0% | -1.49% | Trim |
| 33 | BBY | Best Buy Co Inc | 0% | -2.45% | Trim |
| 34 | MFC | Manulife Financial CORP | 0% | +21.33% | Add |
| 35 | CSX | Csx CORP | 0% | -1.37% | Trim |
| 36 | BAC | Bank Of America CORP | 0% | -0.60% | Trim |
| 37 | WELL | Welltower Inc | 0% | — | Unchanged |
| 38 | CAH | Cardinal Health Inc | 0% | +1.06% | Add |
| 39 | LLY | Eli Lilly & Co | 0% | -0.97% | Trim |
| 40 | TT | Trane Technologies plc | 0% | — | Unchanged |
| 41 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | — | Unchanged |
| 42 | LUV | Southwest Airlines Co | 0% | — | Unchanged |
| 43 | PCY | Invesco Emerging Markets Sov | 0% | +34.12% | Add |
| 44 | WSM | Williams-sonoma Inc | 0% | — | Unchanged |
| 45 | BKLN | Invesco Senior Loan ETF | 0% | +14.72% | Add |
| 46 | C | Citigroup Inc | 0% | — | Unchanged |
| 47 | DE | Deere & Co | — | — | Unchanged |
| 48 | ALL | Allstate CORP | — | -0.18% | Trim |
| 49 | TSLA | Tesla Inc | — | — | Unchanged |
| 50 | PHM | Pultegroup Inc | — | — | Unchanged |
1–50 of 171
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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $554.5M, spread across 168 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) — $57.2M (10.3%)
2. Caterpillar Inc (CAT) — $24.3M (4.4%)
3. Micron Technology Inc (MU) — $20.4M (3.7%)
4. Nvidia CORP (NVDA) — $20.3M (3.7%)
5. Alphabet Inc-cl A (GOOGL) — $16.8M (3.0%)
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 121 notable position adjustments: 10 new positions were initiated, 37 existing holdings were added to, 71 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: AstraZeneca PLC (AZN); Sold out: Honeywell International Inc (HON); Sold out: Dow Inc (DOW); New buy: Cheniere Energy Inc (LNG); New buy: Arista Networks Inc (ANET)
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: 35.6%
• Industrials: 12.3%
• Health Care: 10.3%
• Financials: 8.5%
• Energy: 8.4%
• Consumer Staples: 8.0%
Investment Profile
Community Bank & Trust, Waco, Texas returned an annualized 19.3% over the trailing 36 months — outperforming the S&P 500 by 2.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.81 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 35.6% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 18 over the past 4 quarters — a shift toward more active trading.
It has added to its MU position over the past two quarters (+$15.1M, now $20.4M), while trimming MSFT over the same stretch (-$5.1M, still holding $16.0M).
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Developer Access
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