Institutional Manager · CIK 0001730479

Independence Bank of Kentucky

OWENSBORO, KY · File #028-18294

Latest AUM

$803.9M

Positions

724

Top-10 Concentration

56.3%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	Avantis International Equity ETF	025072703	+42,745	+$3.5M	+$266,254
ADD	Netflix Inc Common	NFLX	+30,386	+$2.8M	-$2.0M
ADD	Avantis Emerging Markets Equity ETF	025072604	+29,357	+$2.3M	+$16,703
ADD	Microsoft Corp	MSFT	+3,072	+$1.5M	-$2.6M
ADD	S&P 500 Tr UTS Unit 1 Ser	SPY	+1,741	+$1.2M	+$2.0M
NEW	Reddit Inc. Ordinary Shares - Class A	RDDT	+4,831	+$1.1M	$0
ADD	Energy - SPDR Select Sector ETF	81369Y506	+24,787	+$1.1M	-$1.1M
ADD	Vanguard S&P 500 Index ETF	922908363	+1,484	+$930,661	+$226,412
ADD	Technology - SPDR Select Sector ETF	81369Y803	+6,113	+$880,089	-$537,633
ADD	iShares Bitcoin Trust ETF	IBIT	+17,023	+$845,192	-$1,535

Sector Allocation

Technology

17.1%$137.8M

Healthcare

6.1%$49.4M

Financials

6.1%$48.7M

Consumer Discretionary

4.8%$38.5M

Industrials

4.3%$34.4M

Consumer Staples

3.1%$25.3M

Communication Services

2.3%$18.5M

2.2%$17.5M

0.3%$2.6M

0.3%$2.1M

0.2%$1.4M

Filing History

Jan 20, 202613F HOLDINGS REPORTQ/E Dec 2025724 pos · $803.9M
Oct 9, 202513F HOLDINGS REPORTQ/E Sep 2025623 pos · $778.0M
Jul 17, 202513F HOLDINGS REPORTQ/E Jun 2025615 pos · $705.8M
Apr 11, 202513F HOLDINGS REPORTQ/E Mar 2025613 pos · $639.6M
Jan 24, 202513F HOLDINGS REPORTQ/E Dec 2024623 pos · $649.8M
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 2024586 pos · $465.1M
Jul 25, 202413F HOLDINGS REPORTQ/E Jun 2024539 pos · $377.2M
Apr 16, 202413F HOLDINGS REPORTQ/E Mar 2024517 pos · $333.9M
Oct 16, 202313F HOLDINGS REPORTQ/E Dec 2023481 pos · $236.7M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	S&P 500 Tr UTS Unit 1 Ser	SPY	128,129	$87.4M	16.05%
2	Microsoft Corp	MSFT	77,513	$37.5M	6.88%
3	Apple Incorporated	AAPL	119,480	$32.5M	5.97%
4	JP Morgan Chase & Co	VYLD	91,193	$29.4M	5.40%
5	Alphabet Inc Class A	GOOG	86,621	$27.1M	4.98%
6	Nvidia Corp Common	NVDA	128,613	$24.0M	4.41%
7	Vanguard Total Stock Market ETF	922908769	62,744	$21.0M	3.86%
8	Amazon Com Inc	AMZN	89,001	$20.5M	3.77%
9	Lilly Eli & Co	LLY	13,833	$14.9M	2.73%
10	Meta Platform, Inc.	META	18,678	$12.3M	2.26%
11	Ishares Tr MSCI EAFE Index	464287465	122,426	$11.8M	2.16%
12	Visa Inc	V	31,931	$11.2M	2.06%
13	Vanguard S&P 500 Index ETF	922908363	16,834	$10.6M	1.94%
14	Avantis International Equity ETF	025072703	120,597	$9.9M	1.82%
15	Vertiv Holdings Co Cl A	VRT	56,593	$9.2M	1.68%
16	Johnson & Johnson	JNJ	42,373	$8.8M	1.61%
17	Ishares Russell Midcap Index	464287499	87,677	$8.4M	1.55%
18	Procter & Gamble Co	742718109	56,648	$8.1M	1.49%
19	Russell 2000 Index Fund	464287655	27,680	$6.8M	1.25%
20	Broadcom Inc	AVGO	19,640	$6.8M	1.25%