CIK: 0001730479
Total reported value
$789.4M
Reporting period: 2026-03-31 · Number of holdings: 623
Independence Bank of Kentucky disclosed 623 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $789.4M and a quarterly turnover rate of 12.5%.
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Independence Bank of Kentucky's disclosed holdings carry a Herfindahl concentration index of 0.023 — mathematically equivalent to about 44 equally-sized positions, well below its 623 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 3.63), 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 51% 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.
Trim MSFT
+4.4% -$7.5M
Add AVDE
+50.7% $5.5M
Add VRT
-15.7% $2.8M
Add NFLX
+84.9% $2.7M
Trim AAPL
-2.9% -$3.0M
Trim GOOGL
-2.5% -$2.8M
Showing top 200 holdings (of 623 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 | 10.75% | -0.12% | +1.87% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 3.79% | -0.87% | +4.37% | |
| 3 | AAPL | Apple INC | Stock-Tech | 3.73% | -0.31% | -2.85% | |
| 4 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.47% | -0.19% | +2.12% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.08% | -0.29% | -2.50% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 2.96% | -0.02% | +4.29% | |
| 7 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 2.55% | -0.07% | -0.05% | |
| 8 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.45% | -0.11% | +4.47% | |
| 9 | AVDE | Avantis International Equity | ETF-Other | 1.95% | +0.72% | +50.66% | |
| 10 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.67% | -0.18% | +3.33% | |
| 11 | EFA | Ishares Msci Eafe ETF | ETF-Other | 1.58% | +0.12% | +5.10% | |
| 12 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 1.51% | +0.37% | -15.72% | |
| 13 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.43% | +0.12% | +12.11% | |
| 14 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.31% | -0.22% | -3.40% | |
| 15 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.23% | +0.14% | -6.14% | |
| 16 | V | Visa Inc-class A Shares | Stock-Financials | 1.20% | -0.19% | -2.16% | |
| 17 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 1.10% | — | +1.85% | |
| 18 | CVX | Chevron CORP | Stock-Energy | 1.07% | +0.24% | -6.85% | |
| 19 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.98% | — | -5.39% | |
| 20 | XOM | Exxon Mobil CORP | Stock-Energy | 0.87% | +0.21% | -8.04% | |
| 21 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.86% | — | -1.52% | |
| 22 | WMT | Walmart INC | Stock-Consumer Staples | 0.83% | +0.07% | -3.26% | |
| 23 | ABBV | Abbvie INC | Stock-Healthcare | 0.82% | — | +9.43% | |
| 24 | AVGO | Broadcom INC | Stock-Tech | 0.81% | — | +5.26% | |
| 25 | ASML | ASML Holding N.V. | Stock-Tech | 0.77% | +0.09% | -9.57% | |
| 26 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.77% | — | -0.12% | |
| 27 | HD | Home Depot INC | Stock-Consumer Disc | 0.75% | -0.05% | -3.20% | |
| 28 | USMV | Ishares Msci USA Min Vol Fac | ETF-Other | 0.75% | — | -2.04% | |
| 29 | PEP | Pepsico INC | Stock-Consumer Staples | 0.74% | — | -4.64% | |
| 30 | NFLX | Netflix INC | Stock-Comm Services | 0.73% | +0.35% | +84.94% | |
| 31 | OEF | Ishares S&p 100 ETF | ETF-Other | 0.71% | — | +0.01% | |
| 32 | SPGI | S&p Global INC | Stock-Financials | 0.67% | — | +20.88% | |
| 33 | ORCL | Oracle CORP | Stock-Tech | 0.64% | -0.17% | +2.13% | |
| 34 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.63% | — | +5.05% | |
| 35 | AMD | Advanced Micro Devices | Stock-Tech | 0.61% | — | +7.91% | |
| 36 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.60% | — | +0.29% | |
| 37 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 0.60% | +0.24% | +53.04% | |
| 38 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.58% | -0.06% | -2.83% | |
| 39 | WM | Waste Management INC | Stock-Industrials | 0.56% | — | -1.86% | |
| 40 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.56% | — | -1.07% | |
| 41 | NEE | Nextera Energy INC | Stock-Utilities | 0.55% | — | -8.83% | |
| 42 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.54% | — | +0.15% | |
| 43 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.53% | — | -10.49% | |
| 44 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.50% | +0.07% | +10.34% | |
| 45 | MA | Mastercard INC - A | Stock-Financials | 0.49% | -0.07% | -0.56% | |
| 46 | LOW | Lowe's Cos INC | Stock-Consumer Disc | 0.46% | — | +4.60% | |
| 47 | ADP | Automatic Data Processing | Stock-Tech | 0.46% | -0.07% | +7.13% | |
| 48 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.46% | — | -0.18% | |
| 49 | SDY | Ss Spdr S&p Dividend ETF | ETF-Other | 0.45% | — | — | |
| 50 | PM | Philip Morris International | Stock-Consumer Staples | 0.45% | — | +1.01% |
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+22.7%
Based on 75% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 623 | $789.4M | 12 | |
| 2025-12-31 | 724 | $803.9M | 10 | |
| 2025-09-30 | 623 | $778.0M | 24 | |
| 2025-06-30 | 615 | $705.8M | 0 | |
| 2025-03-31 | 613 | $639.6M | 100 | |
| 2024-12-31 | 623 | $649.8M | 0 | |
| 2024-09-30 | 586 | $465.1M | 0 | |
| 2024-06-30 | 539 | $377.2M | 0 | |
| 2024-03-31 | 517 | $333.9M | 0 | |
| 2023-12-31 | 519 | $284.6M | 0 | |
| 2023-09-30 | 481 | $236.7M | 0 | |
| 2023-06-30 | 514 | $246.7M | 0 | |
| 2023-03-31 | 425 | $230.0M | 0 | |
| 2022-12-31 | 437 | $222.9M | 0 | |
| 2022-09-30 | 418 | $203.0M | 0 | |
| 2022-06-30 | 421 | $223.3M | 0 | |
| 2022-03-31 | 409 | $252.6M | 0 | |
| 2021-12-31 | 395 | $244.7M | 0 | |
| 2021-09-30 | 396 | $231.2M | 0 | |
| 2021-06-30 | 383 | $225.7M | 95 | |
| 2021-03-31 | 383 | $205.8M | 17 | |
| 2020-12-31 | 376 | $192.9M | 14 | |
| 2020-09-30 | 368 | $176.0M | 18 | |
| 2020-06-30 | 343 | $154.4M | 25 | |
| 2020-03-31 | 348 | $127.5M | 32 | |
| 2019-12-31 | 352 | $154.9M | 16 | |
| 2019-09-30 | 365 | $140.5M | 14 | |
| 2019-06-30 | 336 | $128.0M | 12 | |
| 2019-03-31 | 345 | $122.2M | 16 | |
| 2018-12-31 | 375 | $110.2M | 23 | |
| 2018-09-30 | 390 | $127.3M | 13 | |
| 2018-06-30 | 309 | $119.2M | 12 | |
| 2018-03-31 | 408 | $117.5M | 18 | |
| 2017-12-31 | 330 | $117.1M | 0 |
Independence Bank of Kentucky's most significant position changes for 2026-03-31: Sold out: Pinnacle Financial Partners, Inc. (PNW); New buy: Abrdn Physical Gold Shares (SGOL); New buy: Unilever Plc-sponsored Adr (UL); Add: Microsoft CORP (MSFT) — shares +4.37%; Add: Avantis International Equity (AVDE) — shares +50.66%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AVDE | Avantis International Equity | +0.7% | +50.66% | Add |
| 2 | VRT | Vertiv Holdings Co-a | +0.4% | -15.72% | Trim |
| 3 | NFLX | Netflix INC | +0.4% | +84.94% | Add |
| 4 | CVX | Chevron CORP | +0.2% | -6.85% | Trim |
| 5 | AVEM | Avantis Emerging Markets Eq | +0.2% | +53.04% | Add |
| 6 | XOM | Exxon Mobil CORP | +0.2% | -8.04% | Trim |
| 7 | FLUT | Flutter Entertainment plc | +0.1% | +440.54% | Add |
| 8 | JNJ | Johnson & Johnson | +0.1% | -6.14% | Trim |
| 9 | NOW | Servicenow INC | +0.1% | +262.51% | Add |
| 10 | EFA | Ishares Msci Eafe ETF | +0.1% | +5.10% | Add |
| 11 | VOO | Vanguard S&p 500 ETF | +0.1% | +12.11% | Add |
| 12 | XLE | Ss Energy Select Sector | +0.1% | -1.29% | Trim |
| 13 | GNRC | Generac Holdings INC | +0.1% | -9.49% | Trim |
| 14 | ASML | ASML Holding N.V. | +0.1% | -9.57% | Trim |
| 15 | NKE | Nike INC -cl B | +0.1% | +357.78% | Add |
| 16 | EEM | Ishares Msci Emerging Market | +0.1% | +10.34% | Add |
| 17 | WMT | Walmart INC | +0.1% | -3.26% | Trim |
| 18 | NVDA | Nvidia CORP | 0% | +4.29% | Add |
| 19 | PANW | Palo Alto Networks INC | -0.1% | -6.40% | Trim |
| 20 | HD | Home Depot INC | -0.1% | -3.20% | Trim |
| 21 | CHDN | Churchill Downs INC | -0.1% | -17.69% | Trim |
| 22 | GOOG | Alphabet Inc-cl C | -0.1% | -2.83% | Trim |
| 23 | ADBE | Adobe INC | -0.1% | -73.82% | Trim |
| 24 | DIS | Walt Disney Co/the | -0.1% | -5.33% | Trim |
| 25 | FSLR | First Solar INC | -0.1% | -1.42% | Trim |
| 26 | COF | Capital One Financial CORP | -0.1% | +0.32% | Add |
| 27 | DHR | Danaher CORP | -0.1% | -17.91% | Trim |
| 28 | VTI | Vanguard Total Stock Mkt ETF | -0.1% | -0.05% | Trim |
| 29 | ADP | Automatic Data Processing | -0.1% | +7.13% | Add |
| 30 | MA | Mastercard INC - A | -0.1% | -0.56% | Trim |
| 31 | ACN | Accenture plc | -0.1% | -13.32% | Trim |
| 32 | IBIT | Ishares Bitcoin Trust ETF | -0.1% | -72.52% | Trim |
| 33 | ABT | Abbott Laboratories | -0.1% | -4.01% | Trim |
| 34 | UNH | Unitedhealth Group INC | -0.1% | -14.97% | Trim |
| 35 | ELF | Elf Beauty INC | -0.1% | -55.66% | Trim |
| 36 | AMZN | Amazon.com INC | -0.1% | +4.47% | Add |
| 37 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | +1.87% | Add |
| 38 | DKNG | Draftkings Inc-cl A | -0.1% | -83.14% | Trim |
| 39 | CRM | Salesforce INC | -0.1% | -7.59% | Trim |
| 40 | ORCL | Oracle CORP | -0.2% | +2.13% | Add |
| 41 | LLY | Eli Lilly & Co | -0.2% | +3.33% | Add |
| 42 | JPM | Jpmorgan Chase & Co | -0.2% | +2.12% | Add |
| 43 | V | Visa Inc-class A Shares | -0.2% | -2.16% | Trim |
| 44 | META | Meta Platforms Inc-class A | -0.2% | -3.40% | Trim |
| 45 | GOOGL | Alphabet Inc-cl A | -0.3% | -2.50% | Trim |
| 46 | AAPL | Apple INC | -0.3% | -2.85% | Trim |
| 47 | MSFT | Microsoft CORP | -0.9% | +4.37% | Add |
| 48 | PNW | Pinnacle Financial Partners, Inc. | — | EXIT | Sold out |
| 49 | SGOL | Abrdn Physical Gold Shares | — | NEW | New buy |
| 50 | UL | Unilever Plc-sponsored Adr | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-30 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-20 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-09 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-17 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-11 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-24 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-09 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-25 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-16 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-23 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-16 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-07 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-06 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-09 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-06 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-06 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-14 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-26 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-26 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-23 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-21 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-22 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-05 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-08 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-23 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-31 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-21 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-23 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-29 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-28 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-17 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-07 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-18 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-08 | 13F-HR | View on EDGAR |
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