Latest Independence Bank of Kentucky Stock Portfolio

Independence Bank of Kentucky Performance:

2024 Q3: 4.51%YTD: 12.87%2023: 12.18%

Performance for 2024 Q3 is 4.51%, and YTD is 12.87%, and 2023 is 12.18%.

About Independence Bank of Kentucky and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Independence Bank of Kentucky reported an equity portfolio of $465.1 Millions as of 30 Sep, 2024.

The top stock holdings of Independence Bank of Kentucky are AAPL, SPY, MSFT. The fund has invested 5% of it's portfolio in APPLE INCORPORATED and 4.2% of portfolio in S&P 500 TR UTS UNIT 1 SER.

The fund managers got completely rid off ISHARES INTERMEDIATE GOVERNMENT BOND ETF (AAXJ), ISHARES 20 YEAR TRSY BOND (IJR) and ESTEE LAUDER COS INC (EL) stocks. They significantly reduced their stock positions in PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF (BZQ), KRAFT HEINZ CO (KHC) and DOLLAR GENERAL CORP (DG). Independence Bank of Kentucky opened new stock positions in ISHARES S&P 100 INDEX FUND ETF (IJR), KROGER COMPANY (KR) and MERCADOLIBRE INC (MELI). The fund showed a lot of confidence in some stocks as they added substantially to CINTAS CORP (CTAS), MOODY'S CORP. (MCO) and TAKE-TWO INTERACTIVE SOFTWARE INC (TTWO).

Independence Bank of Kentucky Annual Return Estimates Vs S&P 500

Our best estimate is that Independence Bank of Kentucky made a return of 4.51% in the last quarter. In trailing 12 months, it's portfolio return was 21.68%.

New Buys

Ticker	$ Bought
ishares s&p 100 index fund etf	533,317
kroger company	358,526
mercadolibre inc	313,950
quanta services, inc.	293,678
bellring brands, inc.	291,456
omnicom group inc	288,975
state st corp	194,634
dnp select income fd inc	193,431

New stocks bought by Independence Bank of Kentucky

Additions

Ticker	% Inc.
cintas corp	26,585
moody's corp.	9,375
take-two interactive software inc	6,900
cummins inc	1,617
industrials - spdr select sector etf	1,395
iron mountain inc	1,204
becton dickinson & co	1,200
aflac inc	1,000

Additions to existing portfolio by Independence Bank of Kentucky

Reductions

Ticker	% Reduced
dollar general corp	-87.15
nucor corp	-72.22
vanguard health care etf	-71.88
kenvue inc	-69.62
bp p.l.c.	-68.85
fidelity msci communication services index etf	-65.73
vanguard long-term corp bond index fund	-61.57
roper technologies inc corp	-59.83

Independence Bank of Kentucky reduced stake in above stock

Sold off

None of the stocks were completely sold off by Independence Bank of Kentucky

Sector Distribution

Independence Bank of Kentucky has about 27.2% of it's holdings in Others sector.

Sector	%
Others	27.2
Technology	18.5
Financial Services	9.6
Healthcare	8.9
Consumer Cyclical	7.5
Consumer Defensive	7
Industrials	6.7
Communication Services	6.7
Energy	3.4
Utilities	2.1
Basic Materials	1.3
Real Estate	1.1

Market Cap. Distribution

Independence Bank of Kentucky has about 71.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	42.6
LARGE-CAP	28.5
UNALLOCATED	27.2
MID-CAP	1.2

Stocks belong to which Index?

About 69.9% of the stocks held by Independence Bank of Kentucky either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	69.9
Others	29.1

Top 5 Winners (%)		%
PLTR	palantir technologies inc. class a	46.6 %
YUMC	yum china holdings inc	46.0 %
FBHS	fortune brands home & security, inc	37.9 %
LCID	churchill cap corp iv	35.3 %
PYPL	paypal holdings inc	34.1 %

Top 5 Winners ($)		$
AAPL	apple incorporated	1.9 M
SPY	s&p 500 tr uts unit 1 ser	1.1 M
META	meta platform, inc.	1.1 M
ORCL	oracle corp	0.9 M
LOW	lowes cos inc	0.8 M

Top 5 Losers (%)		%
CTAS	cintas corp	-72.8 %
WOLF	wolfspeed inc	-57.4 %
DLTR	dollar tree	-32.4 %
RGTI	rigetti computing inc	-26.8 %
DNMR	danimer scientific inc class a	-24.7 %

Top 5 Losers ($)		$
CTAS	cintas corp	-1.0 M
GOOG	alphabet inc class a	-1.0 M
MSFT	microsoft corp	-0.5 M
CVX	chevron corporation	-0.3 M
AMZN	amazon com inc	-0.3 M

Independence Bank of Kentucky Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Independence Bank of Kentucky

Independence Bank of Kentucky has 583 stocks in it's portfolio. About 29.1% of the portfolio is in top 10 stocks. CTAS proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for Independence Bank of Kentucky last quarter.

Last Reported on: 09 Oct, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple incorporated	5.02	100,257	23,359,900	added	26.25

AAXJ	ishares trust pfd & income securities etf	0.30	41,313	1,372,830	reduced	-12.59

AAXJ	ishares msci eafe value index fund	0.24	19,716	1,134,260	reduced	-15.01

AAXJ	ishares tr natl mun bd etf fund	0.19	8,040	873,385	unchanged	0.00

AAXJ	ishares msci eafe growth index fund	0.12	5,109	549,984	reduced	-13.52

AAXJ	ishares tr msci eafe small cap etf	0.06	4,237	286,845	unchanged	0.00

AAXJ	ishares msci acwi ex us etf	0.02	1,876	107,345	unchanged	0.00

AAXJ	ishares national muni bond etf	0.02	925	98,226	unchanged	0.00

AAXJ	ishares barclays mbs bond fund etf	0.01	593	56,815	unchanged	0.00

AAXJ	ishares trust corporate bond etf	0.01	864	45,498	unchanged	0.00

AAXJ	ishares broad usd investment gr corp bond etf	0.01	751	39,488	added	10.12

AAXJ	ishares 10-20 year treasury bond etf	0.00	200	21,866	unchanged	0.00

AAXJ	ishares msci all country asia ex japan etf	0.00	242	18,985	unchanged	0.00

ABBV	abbvie inc com	0.78	18,430	3,639,560	added	11.55

ABT	abbott labs	0.67	27,454	3,130,030	added	27.26

ACN	accenture plc	0.53	7,024	2,482,840	reduced	-2.34

ACWF	ishares core dividend growth etf	0.01	505	31,658	unchanged	0.00

ACWV	ishares msci emerging markets min vol factor etf	0.01	590	36,993	unchanged	0.00

ADBE	adobe systems incorporated delaware	0.32	2,877	1,489,650	added	19.78

ADI	analog devices inc corp com	0.07	1,448	333,286	added	76.8