# SOUTHERN MICHIGAN BANK & TRUST

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1173227. Source: https://holderbook.com/funds/1173227-southern-michigan-bank-trust/

- Reported value: $281.3M
- Positions: 422
- Weight of the ten largest: 73.0%
- Filed: 2026-07-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $52.6M | 1,553,292 | 18.7% | 2 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $35.5M | 1,019,784 | 12.6% | 2 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $33.3M | 433,842 | 11.8% | 2 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $29.9M | 281,916 | 10.6% | 2 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $20.8M | 258,108 | 7.4% | 2 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $10.2M | 338,691 | 3.6% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.1M | 35,262 | 2.5% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.8M | 23,496 | 2.4% | 2 |
| Armstrong Global Holding Inc. Series A | - | $4.8M | 47,852 | 1.7% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.6M | 12,832 | 1.6% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.5M | 3,302 | 1.3% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.1M | 12,854 | 1.1% | 2 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $2.6M | 16,921 | 0.9% | 2 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.5M | 19,836 | 0.9% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.4M | 9,445 | 0.8% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.0M | 5,337 | 0.7% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.9M | 5,483 | 0.7% | 2 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $1.7M | 6,901 | 0.6% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.5M | 4,485 | 0.5% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.5M | 4,036 | 0.5% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.5M | 5,794 | 0.5% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.4M | 1,521 | 0.5% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.3M | 2,272 | 0.5% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.1M | 9,642 | 0.4% | 2 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.0M | 3,314 | 0.4% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.0M | 7,053 | 0.4% | 2 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.0M | 3,249 | 0.4% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.0M | 884 | 0.4% | 2 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.0M | 1,602 | 0.4% | 2 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $961.2K | 3,556 | 0.3% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $934.2K | 1,819 | 0.3% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $917.3K | 2,601 | 0.3% | 2 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $915.8K | 9,568 | 0.3% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $876.7K | 3,223 | 0.3% | 2 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $875.3K | 11,351 | 0.3% | 2 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $845.2K | 2,386 | 0.3% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $828.6K | 1,146 | 0.3% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $827.8K | 2,529 | 0.3% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $767.6K | 640 | 0.3% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $758.8K | 1,751 | 0.3% | 2 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $735.8K | 1,500 | 0.3% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $721.4K | 7,950 | 0.3% | 2 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $680.8K | 9,462 | 0.2% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $604.1K | 5,334 | 0.2% | 2 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $602.8K | 4,691 | 0.2% | 2 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $552.7K | 1,297 | 0.2% | 2 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $547.3K | 5,676 | 0.2% | 2 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $520.8K | 2,879 | 0.2% | 2 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $512.2K | 10,127 | 0.2% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $508.9K | 3,722 | 0.2% | 2 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $478.8K | 2,591 | 0.2% | 2 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $442.3K | 1,472 | 0.2% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $434.5K | 1,262 | 0.2% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $407.8K | 815 | 0.1% | 2 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $397.3K | 5,200 | 0.1% | 2 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $389.5K | 2,185 | 0.1% | 2 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $387.7K | 761 | 0.1% | 2 |
| WISDOMTREE TR | [DON](https://holderbook.com/stocks/DON/) | $381.3K | 6,747 | 0.1% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $378.0K | 2,792 | 0.1% | 2 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $377.3K | 1,477 | 0.1% | 2 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $375.4K | 1,674 | 0.1% | 2 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $358.2K | 3,004 | 0.1% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $353.4K | 4,027 | 0.1% | 2 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $333.1K | 654 | 0.1% | 2 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $332.9K | 3,507 | 0.1% | 2 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $315.0K | 5,100 | 0.1% | 1 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $303.7K | 5,470 | 0.1% | 2 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $296.2K | 3,985 | 0.1% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $293.4K | 2,101 | 0.1% | 2 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $286.7K | 625 | 0.1% | 2 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $265.3K | 2,552 | 0.1% | 2 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $258.7K | 707 | 0.1% | 2 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $257.1K | 1,355 | 0.1% | 2 |
| 27 Percent of Bracy & Jahr, Inc | - | $251.1K | 1 | 0.1% | 2 |
| WISDOMTREE TR | [DES](https://holderbook.com/stocks/DES/) | $250.3K | 6,152 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $243.1K | 802 | 0.1% | 2 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $239.2K | 823 | 0.1% | 2 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $233.1K | 1,000 | 0.1% | 2 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $226.7K | 300 | 0.1% | 2 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $222.2K | 2,148 | 0.1% | 2 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $211.0K | 943 | 0.1% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $210.3K | 500 | 0.1% | 2 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $208.4K | 943 | 0.1% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $208.1K | 2,036 | 0.1% | 2 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $203.8K | 1,135 | 0.1% | 2 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $202.8K | 910 | 0.1% | 2 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $202.0K | 3,727 | 0.1% | 2 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $201.3K | 1,004 | 0.1% | 2 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $199.1K | 660 | 0.1% | 2 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $198.6K | 1,267 | 0.1% | 2 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $196.0K | 1,433 | 0.1% | 2 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $195.5K | 390 | 0.1% | 2 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $195.0K | 3,372 | 0.1% | 2 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $193.0K | 393 | 0.1% | 2 |
| CATALYST PHARMACEUTICALS INC | [CPRX](https://holderbook.com/stocks/CPRX/) | $188.6K | 6,000 | 0.1% | 2 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $187.5K | 788 | 0.1% | 2 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $185.3K | 1,784 | 0.1% | 2 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $179.1K | 666 | 0.1% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $175.5K | 624 | 0.1% | 2 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $175.2K | 234 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.3% | +14.8% | -5.5% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $281.3M | 422 |
| Q1 2026 | $260.6M | 424 |