IB
Independence Bank of Kentucky — 13F Portfolio Analysis & Stock Picks (Q2 2026)
Independence Bank of KentuckyCIK: 0001730479
Diversified strategyLong-term holder
Total reported value
$887.6M
Reporting period: 2026-06-30 · Number of holdings: 589
Independence Bank of Kentucky disclosed 589 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $887.6M and a quarterly turnover rate of 0.0%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "I"
Personality snowflake
- Concentration
- 9.21
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 48.61
- Diversification
- 100
- Sizing Uniformity
- 64.53
Independence Bank of Kentucky's disclosed holdings carry a Herfindahl concentration index of 0.023 — mathematically equivalent to about 43 equally-sized positions, well below its 589 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 3.55), 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.
Sector classification currently covers about 64% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMD
-12.8% $7.1M
Add MU
-17.5% $5.0M
New buy ARES
Add GOOGL
+0.6% $6.1M
Trim CVX
-1.0% -$1.8M
Trim MSFT
+3.0% $1.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 589 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 10.68% | -0.07% | -2.78% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 3.72% | -0.01% | -1.80% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 3.50% | -0.29% | +2.97% | |
| 4 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.42% | -0.05% | -0.36% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.42% | +0.34% | +0.58% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 3.19% | +0.23% | +5.62% | |
| 7 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 2.62% | +0.07% | +0.31% | |
| 8 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.58% | +0.13% | +3.38% | |
| 9 | AVDE | Avantis International Equity | ETF-Other | 2.10% | +0.15% | +15.02% | |
| 10 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.94% | +0.27% | +0.47% | |
| 11 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 1.73% | +0.22% | -3.94% | |
| 12 | EFA | Ishares Msci Eafe ETF | ETF-Other | 1.49% | -0.09% | -0.83% | |
| 13 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.49% | +0.06% | +2.07% | |
| 14 | AMD | Advanced Micro Devices | Stock-Tech | 1.34% | +0.73% | -12.82% | |
| 15 | V | Visa Inc-class A Shares | Stock-Financials | 1.20% | — | -0.66% | |
| 16 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.15% | -0.16% | +0.86% | |
| 17 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.13% | -0.10% | -0.74% | |
| 18 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 1.07% | -0.03% | -3.98% | |
| 19 | ABBV | Abbvie Inc | Stock-Healthcare | 0.96% | +0.14% | +13.80% | |
| 20 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.94% | +0.08% | +1.67% | |
| 21 | AVGO | Broadcom Inc | Stock-Tech | 0.90% | +0.09% | +2.67% | |
| 22 | ASML | ASML Holding N.V. | Stock-Tech | 0.89% | +0.12% | -13.98% | |
| 23 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 0.88% | +0.28% | +39.29% | |
| 24 | MU | Micron Technology Inc | Stock-Tech | 0.88% | +0.53% | -17.47% | |
| 25 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.87% | -0.11% | -2.02% | |
| 26 | CVX | Chevron CORP | Stock-Energy | 0.76% | -0.31% | -1.02% | |
| 27 | OEF | Ishares S&p 100 ETF | ETF-Other | 0.73% | +0.02% | -0.17% | |
| 28 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.72% | -0.05% | -1.39% | |
| 29 | NFLX | Netflix Inc | Stock-Comm Services | 0.71% | -0.02% | +47.79% | |
| 30 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.70% | +0.07% | -1.93% | |
| 31 | HD | Home Depot Inc | Stock-Consumer Disc | 0.70% | -0.05% | -2.42% | |
| 32 | USMV | Ishares Msci USA Min Vol Fac | ETF-Other | 0.69% | -0.06% | +0.57% | |
| 33 | WMT | Walmart Inc | Stock-Consumer Staples | 0.67% | -0.16% | -1.01% | |
| 34 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.62% | +0.04% | -1.35% | |
| 35 | XOM | Exxon Mobil CORP | Stock-Energy | 0.61% | -0.26% | -1.33% | |
| 36 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.61% | +0.01% | -1.00% | |
| 37 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.57% | -0.17% | -1.08% | |
| 38 | ORCL | Oracle CORP | Stock-Tech | 0.56% | -0.08% | +0.18% | |
| 39 | GNRC | Generac Holdings Inc | Stock-Industrials | 0.54% | +0.13% | -1.33% | |
| 40 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.53% | +0.03% | -0.60% | |
| 41 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.52% | -0.04% | -0.48% | |
| 42 | SPGI | S&p Global Inc | Stock-Financials | 0.50% | -0.17% | -12.62% | |
| 43 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.50% | -0.04% | -1.62% | |
| 44 | MA | Mastercard Inc - A | Stock-Financials | 0.47% | -0.02% | +4.41% | |
| 45 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.47% | +0.19% | -9.92% | |
| 46 | WM | Waste Management Inc | Stock-Industrials | 0.46% | -0.10% | -5.11% | |
| 47 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.46% | +0.03% | +309.61% | |
| 48 | ADP | Automatic Data Processing | Stock-Tech | 0.45% | -0.01% | -0.39% | |
| 49 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.45% | -0.09% | -11.59% | |
| 50 | PM | Philip Morris International | Stock-Consumer Staples | 0.43% | -0.02% | -2.14% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+21.7%
- Stdev
- +11.8%
- Beta
- +0.89
- Alpha
- -0.2%
- Max Drawdown
- -7.6%
- Annualized Perf
- +18.4%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.97
- Stutzer
- +0.44
- Treynor
- +0.2
- Sterling
- +1.19
- Calmar
- +2.42
- Information Ratio
- -0.86
- Tracking Error
- +2.7%
- Stdev Down
- +6%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +30.9%
- Worst 12 Months
- +5.2%
- Efficiency Ratio
- +0.6
- Sharpe
- +1.49
- Stdev Sectors
- +8%
- Skewness
- -0.07
- Kurtosis
- -0.12
- Upside Potential
- +4.54
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 589 | $887.6M | 0 | ||
| 2026 Q1 | 623 | $789.4M | 12 | ||
| 2025 Q4 | 724 | $803.9M | 10 | ||
| 2025 Q3 | 623 | $778.0M | 24 | ||
| 2025 Q2 | 615 | $705.8M | 0 | ||
| 2025 Q1 | 613 | $639.6M | 100 | ||
| 2024 Q4 | 623 | $649.8M | 0 | ||
| 2024 Q3 | 586 | $465.1M | 0 | ||
| 2024 Q2 | 539 | $377.2M | 0 | ||
| 2024 Q1 | 517 | $333.9M | 0 | ||
| 2023 Q4 | 519 | $284.6M | 0 | ||
| 2023 Q3 | 481 | $236.7M | 0 | ||
| 2023 Q2 | 514 | $246.7M | 0 | ||
| 2023 Q1 | 425 | $230.0M | 0 | ||
| 2022 Q4 | 437 | $222.9M | 0 | ||
| 2022 Q3 | 418 | $203.0M | 0 | ||
| 2022 Q2 | 421 | $223.3M | 0 | ||
| 2022 Q1 | 409 | $252.6M | 0 | ||
| 2021 Q4 | 395 | $244.7M | 0 | ||
| 2021 Q3 | 396 | $231.2M | 0 | ||
| 2021 Q2 | 383 | $225.7M | 95 | ||
| 2021 Q1 | 383 | $205.8M | 17 | ||
| 2020 Q4 | 376 | $192.9M | 14 | ||
| 2020 Q3 | 368 | $176.0M | 18 | ||
| 2020 Q2 | 343 | $154.4M | 25 | ||
| 2020 Q1 | 348 | $127.5M | 32 | ||
| 2019 Q4 | 352 | $154.9M | 16 | ||
| 2019 Q3 | 365 | $140.5M | 14 | ||
| 2019 Q2 | 336 | $128.0M | 12 | ||
| 2019 Q1 | 345 | $122.2M | 16 | ||
| 2018 Q4 | 375 | $110.2M | 23 | ||
| 2018 Q3 | 390 | $127.3M | 13 | ||
| 2018 Q2 | 309 | $119.2M | 12 | ||
| 2018 Q1 | 408 | $117.5M | 18 | ||
| 2017 Q4 | 330 | $117.1M | 0 |
* 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.
Holding changes this quarter
Independence Bank of Kentucky's most significant position changes for 2026-06-30: New buy: Ares Management CORP - A (ARES); Sold out: Honeywell International Inc (HON); Sold out: Marzetti Company/the (MZTI); New buy: Transdigm Group Inc (TDG); Sold out: Dupont De Nemours Inc (6D8).
Showing top 200 changes by size (of 629 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMD | Advanced Micro Devices | +0.7% | -12.82% | Trim |
| 2 | MU | Micron Technology Inc | +0.5% | -17.47% | Trim |
| 3 | ARES | Ares Management CORP - A | +0.4% | NEW | New buy |
| 4 | GOOGL | Alphabet Inc-cl A | +0.3% | +0.58% | Add |
| 5 | AVEM | Avantis Emerging Markets Eq | +0.3% | +39.29% | Add |
| 6 | LLY | Eli Lilly & Co | +0.3% | +0.47% | Add |
| 7 | NVDA | Nvidia CORP | +0.2% | +5.62% | Add |
| 8 | VRT | Vertiv Holdings Co-a | +0.2% | -3.94% | Trim |
| 9 | VRTX | Vertex Pharmaceuticals Inc | +0.2% | +405.50% | Add |
| 10 | PANW | Palo Alto Networks Inc | +0.2% | -9.92% | Trim |
| 11 | SPOT | Spotify Technology S.A. | +0.2% | +805.89% | Add |
| 12 | AVDE | Avantis International Equity | +0.2% | +15.02% | Add |
| 13 | SNOW | Snowflake Inc | +0.2% | +4.31% | Add |
| 14 | ABBV | Abbvie Inc | +0.1% | +13.80% | Add |
| 15 | NOW | Servicenow Inc | +0.1% | +100.47% | Add |
| 16 | AMZN | Amazon.com Inc | +0.1% | +3.38% | Add |
| 17 | GNRC | Generac Holdings Inc | +0.1% | -1.33% | Trim |
| 18 | IVW | Ishares S&p 500 Growth ETF | +0.1% | +1641.33% | Add |
| 19 | ASML | ASML Holding N.V. | +0.1% | -13.98% | Trim |
| 20 | IWB | Ishares Russell 1000 ETF | +0.1% | +491.88% | Add |
| 21 | CAT | Caterpillar Inc | +0.1% | +10.58% | Add |
| 22 | SOXX | Ishares Semiconductor ETF | +0.1% | -1.45% | Trim |
| 23 | AVGO | Broadcom Inc | +0.1% | +2.67% | Add |
| 24 | IWM | Ishares Russell 2000 ETF | +0.1% | +1.67% | Add |
| 25 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | +0.31% | Add |
| 26 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | -1.93% | Trim |
| 27 | UNH | Unitedhealth Group Inc | +0.1% | -4.86% | Trim |
| 28 | AMAT | Applied Materials Inc | +0.1% | -6.33% | Trim |
| 29 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -1.22% | Trim |
| 30 | MRVL | Marvell Technology Inc | +0.1% | -22.40% | Trim |
| 31 | VOO | Vanguard S&p 500 ETF | +0.1% | +2.07% | Add |
| 32 | MDB | Mongodb Inc | +0.1% | +6.91% | Add |
| 33 | TXN | Texas Instruments Inc | +0.1% | -3.80% | Trim |
| 34 | GEV | GE Vernova Inc | +0.1% | +11.96% | Add |
| 35 | RDDT | Reddit Inc-cl A | +0.1% | +10.42% | Add |
| 36 | CSCO | Cisco Systems Inc | +0.1% | -1.11% | Trim |
| 37 | BA | Boeing Co/the | +0.1% | +183.83% | Add |
| 38 | TTWO | Take-two Interactive Softwre | +0.1% | +106.75% | Add |
| 39 | IAU | Ishares Gold Trust | +0.1% | +633.56% | Add |
| 40 | GOOG | Alphabet Inc-cl C | 0% | -1.35% | Trim |
| 41 | PWR | Quanta Services Inc | 0% | -0.58% | Trim |
| 42 | HUM | Humana Inc | 0% | — | Unchanged |
| 43 | EEM | Ishares Msci Emerging Market | 0% | -0.60% | Trim |
| 44 | IWF | Ishares Russell 1000 Growth | 0% | +309.61% | Add |
| 45 | RTX | Rtx CORP | 0% | +33.15% | Add |
| 46 | MS | Morgan Stanley | 0% | -1.77% | Trim |
| 47 | SMH | Vaneck Semiconductor ETF | 0% | -13.13% | Trim |
| 48 | CMI | Cummins Inc | 0% | -1.70% | Trim |
| 49 | QCOM | Qualcomm Inc | 0% | -0.97% | Trim |
| 50 | MELI | Mercadolibre Inc | 0% | +30.51% | Add |
1–50 of 200
Filing History
FAQ
What is Independence Bank of Kentucky and what type of investor is it?
Independence Bank of Kentucky 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 $887.6M, spread across 589 disclosed positions.
What are Independence Bank of Kentucky's largest equity positions?
Based on the latest 13F filing, Independence Bank of Kentucky's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $94.8M (10.7%)
2. Apple Inc (AAPL) — $33.0M (3.7%)
3. Microsoft CORP (MSFT) — $31.1M (3.5%)
4. Jpmorgan Chase & Co (JPM) — $30.4M (3.4%)
5. Alphabet Inc-cl A (GOOGL) — $30.4M (3.4%)
What changes did Independence Bank of Kentucky make in its most recent portfolio filing?
In the latest reported quarter, Independence Bank of Kentucky made 184 notable position adjustments: 4 new positions were initiated, 57 existing holdings were added to, 116 positions were partially reduced, and 7 were completely exited. The largest of these moves: New buy: Ares Management CORP - A (ARES); Sold out: Honeywell International Inc (HON); Sold out: Marzetti Company/the (MZTI); New buy: Transdigm Group Inc (TDG); Sold out: Dupont De Nemours Inc (6D8)
What sectors does Independence Bank of Kentucky focus on?
Independence Bank of Kentucky is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 30.3%
• Financials: 14.2%
• Communication Services: 11.1%
• Health Care: 10.8%
• Industrials: 10.5%
• Consumer Discretionary: 8.7%
Investment Profile
Independence Bank of Kentucky returned an annualized 18.4% over the trailing 36 months — underperforming the S&P 500 by 0.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.89 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 30.3% of the portfolio concentrated in Information Technology.
It has added to its AVDE position over the past two quarters (+$8.7M, now $18.6M), while trimming META over the same stretch (-$2.1M, still holding $10.3M).
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Developer Access
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