Town & Country Bank & Trust CO dba First Bankers Trust CO
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| BROADCOM INC | AVGO | $18.3M | 48,353 | +0.39pp | 31q | -4.6%-$877.9K | |
| MICROSOFT CORP | MSFT | $12.5M | 33,575 | -0.32pp | 31q | HELD | |
| ELI LILLY & CO | LLY | $10.9M | 9,048 | +0.59pp | 31q | +0.7%+$79.2K | |
| ABBVIE INC | ABBV | $9.4M | 37,181 | +0.60pp | 31q | +18.1%+$1.4M | |
| JOHNSON & JOHNSON | JNJ | $8.9M | 35,204 | -0.16pp | 31q | -1.4%-$128.5K | |
| APPLE INC | AAPL | $8.8M | 30,264 | +0.10pp | 31q | -1.1%-$95.2K | |
| EXXON MOBIL CORP | XOMXXXX | $7.6M | 55,944 | -0.84pp | 31q | -0.5%-$39.9K | |
| CISCO SYS INC | CSCO | $7.4M | 63,153 | +0.46pp | 31q | -10.4%-$861.8K | |
| JPMORGAN CHASE & CO | JPM | $7.4M | 22,655 | -0.06pp | 31q | -5.2%-$403.9K | |
| STRYKER CORPORATION | SYK | $7.4M | 23,436 | +0.52pp | 31q | +45.9%+$2.3M | |
| PHILIP MORRIS INTL INC | PM | $7.3M | 40,308 | +0.01pp | 31q | HELD | |
| ALPHABET INC | GOOGL | $6.6M | 18,422 | +0.26pp | 31q | HELD | |
| CHEVRON CORPORATION | CVX | $5.8M | 35,078 | -0.62pp | 31q | +0.8%+$45.3K | |
| PROCTER & GAMBLE CO | PG | $5.4M | 37,062 | -0.08pp | 31q | +2.1%+$110.3K | |
| CORNING INC | GLW | $4.7M | 18,550 | +0.35pp | 7q | -24.5%-$1.5M | |
| CONSTELLATION ENERGY CORP | CEG | $4.3M | 17,486 | -0.31pp | 9q | -1.0%-$44.2K | |
| VISA INC | V | $4.0M | 11,776 | +0.08pp | 31q | +1.7%+$69.0K | |
| TARGET CORP | TGT | $3.9M | 29,748 | +0.29pp | 31q | +32.5%+$954.0K | |
| MICRON TECHNOLOGY INC | MU | $3.8M | 3,322 | +0.93pp | 2q | +42.1%+$1.1M | |
| PEPSICO INC | PEP | $3.8M | 28,193 | +0.01pp | 31q | +25.5%+$775.2K | |
| AMERICAN ELEC PWR CO INC | AEP | $3.7M | 27,281 | -0.04pp | 6q | HELD | |
| AUTOMATIC DATA PROCESSING IN | ADP | $3.7M | 16,569 | +0.22pp | 31q | +21.9%+$666.9K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $3.7M | 7,703 | +0.46pp | 2q | +28.3%+$810.4K | |
| MARATHON PETE CORP | MPC | $3.6M | 14,254 | -0.10pp | 31q | -4.8%-$185.1K | |
| MERCK & CO INC | MRK | $3.6M | 28,243 | -0.05pp | 31q | -3.2%-$118.2K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $3.6M | 12,454 | -0.30pp | 28q | +1.8%+$63.9K | |
| CHURCHILL DOWNS INC | CHDN | $3.5M | 39,203 | -0.06pp | 22q | +3.0%+$100.8K | |
| VULCAN MATLS CO | VMC | $3.4M | 11,475 | +0.33pp | 5q | +45.3%+$1.1M | |
| EATON CORP PLC | ETN | $3.3M | 7,835 | +0.10pp | 10q | +1.2%+$40.5K | |
| MONDELEZ INTL INC | MDLZ | $3.2M | 55,304 | -0.10pp | 31q | -1.8%-$58.8K | |
| TEXAS ROADHOUSE INC | TXRH | $3.2M | 16,517 | -0.04pp | 6q | -11.1%-$397.5K | |
| HOME DEPOT INC | HD | $3.2M | 9,024 | -0.05pp | 31q | -3.7%-$121.0K | |
| MARSH & MCLENNAN COS INC | MRSH | $3.2M | 18,952 | -0.24pp | 30q | -9.1%-$314.7K | |
| LINDE PLC | LIN | $3.0M | 5,859 | -0.02pp | 3q | +2.0%+$59.7K | |
| ALPHABET INC | GOOG | $3.0M | 8,574 | +0.11pp | 31q | HELD | |
| CHESAPEAKE UTILS CORP | CPK | $2.9M | 23,759 | -0.14pp | 4q | -2.8%-$84.4K | |
| TJX COS INC NEW | TJX | $2.9M | 19,084 | -0.15pp | 31q | -1.7%-$48.8K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $2.8M | 5,666 | -0.03pp | 6q | +2.7%+$75.7K | |
| UNION PAC CORP | UNP | $2.8M | 10,229 | +0.02pp | 31q | -1.5%-$41.3K | |
| LINCOLN ELEC HLDGS INC | LECO | $2.8M | 10,382 | +0.03pp | 29q | +5.9%+$153.7K | |
| COCA COLA CO | KO | $2.6M | 32,141 | -0.02pp | 31q | -1.1%-$29.3K | |
| CHUBB LIMITED | CB | $2.5M | 7,386 | -0.06pp | 21q | -3.9%-$101.9K | |
| CROWDSTRIKE HLDGS INC | CRWD | $2.5M | 3,260 | +0.34pp | 20q | -2.1%-$54.2K | |
| ISHARES TR | ACWX | $2.5M | 32,407 | +0.10pp | 2q | +11.6%+$256.0K | |
| ATMOS ENERGY CORP | ATO | $2.4M | 14,200 | -0.07pp | 21q | +6.1%+$139.7K | |
| MCKESSON CORP | MCK | $2.4M | 3,169 | -0.15pp | 6q | +4.0%+$91.4K | |
| AGREE RLTY CORP | ADC | $2.4M | 31,040 | -0.03pp | 6q | +3.3%+$76.2K | |
| AMAZON COM INC | AMZN | $2.3M | 9,685 | +0.04pp | 31q | HELD | |
| TERADYNE INC | TER | $2.3M | 4,765 | -0.10pp | 3q | -41.8%-$1.7M | |
| ANALOG DEVICES INC | ADI | $2.2M | 5,663 | +0.05pp | 21q | -6.2%-$149.7K | |
| META PLATFORMS INC | META | $2.2M | 3,899 | +0.23pp | 9q | +66.9%+$880.4K | |
| GE AEROSPACE | GE | $2.2M | 5,812 | -0.15pp | 6q | -32.8%-$1.1M | |
| ASML HLDG NV | ASML | $2.2M | 1,083 | - | new | NEW | |
| ABBOTT LABORATORIES | ABT | $2.0M | 22,191 | -1.42pp | 31q | -62.4%-$3.3M | |
| SOUTHERN CO | SO | $2.0M | 20,392 | -0.04pp | 7q | +2.5%+$48.1K | |
| ENBRIDGE INC | ENB | $1.9M | 34,385 | -0.06pp | 31q | -2.0%-$37.2K | |
| AMERICAN EXPRESS CO | AXP | $1.9M | 5,480 | +0.47pp | 10q | +400.0%+$1.5M | |
| KINDER MORGAN INC DEL | KMI | $1.8M | 56,959 | -0.09pp | 4q | -1.9%-$34.8K | |
| OLD DOMINION FREIGHT LINE IN | ODFL | $1.8M | 8,309 | +0.04pp | 3q | +5.3%+$90.3K | |
| CSX CORP | CSX | $1.8M | 37,658 | +0.04pp | 31q | +0.5%+$9.0K | |
| WALMART INC | WMT | $1.8M | 15,702 | -0.12pp | 31q | -1.7%-$30.8K | |
| CARLISLE COS INC | CSL | $1.7M | 4,620 | - | new | NEW | |
| ROYAL GOLD INC | RGLD | $1.7M | 8,291 | -0.15pp | 2q | +6.5%+$100.8K | |
| UNITEDHEALTH GROUP INC | UNH | $1.6M | 3,889 | +0.06pp | 31q | -20.6%-$419.4K | |
| S&P GLOBAL INC | SPGI | $1.5M | 3,792 | -0.02pp | 2q | +9.4%+$133.2K | |
| MCDONALDS CORP | MCD | $1.5M | 5,648 | -0.14pp | 31q | -3.6%-$57.6K | |
| PROLOGIS INC. | PLD | $1.5M | 11,006 | - | new | NEW | |
| MOOG INC | MOGA | $1.5M | 3,438 | +0.11pp | 10q | -2.0%-$29.2K | |
| WOODWARD INC | WWD | $1.5M | 3,416 | - | new | NEW | |
| RTX CORPORATION | RTX | $1.4M | 7,638 | -0.07pp | 25q | -5.2%-$79.9K | |
| ALLIANT ENERGY CORP | LNT | $1.4M | 18,520 | -0.02pp | 21q | -2.1%-$30.5K | |
| DOVER CORP | DOV | $1.3M | 5,981 | -0.01pp | 31q | -1.1%-$15.5K | |
| NEXTERA ENERGY INC | NEE | $1.3M | 15,119 | -0.05pp | 31q | +1.9%+$24.3K | |
| NVIDIA CORPORATION | NVDA | $1.3M | 6,573 | +0.12pp | 9q | +35.0%+$341.0K | |
| JACOBS SOLUTIONS INC | J | $1.3M | 10,358 | -0.13pp | 4q | -16.8%-$264.3K | |
| ASTRAZENECA PLC | AZN | $1.3M | 6,717 | -0.06pp | 2q | -2.0%-$25.4K | |
| HERSHEY CO | HSY | $1.3M | 7,248 | -0.12pp | 31q | -2.2%-$28.8K | |
| REALTY INCOME CORP | O | $1.2M | 19,255 | -0.03pp | 11q | -0.5%-$6.2K | |
| FIRST FARMERS BANK HOLDING CO CDT | $1.2M | 19,826 | -0.02pp | 31q | HELD | ||
| NUTRIEN LTD | NTR | $1.2M | 18,426 | - | new | NEW | |
| INTUITIVE SURGICAL INC | ISRG | $1.1M | 2,678 | +0.24pp | 9q | +336.9%+$821.2K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $995.2K | 17,272 | -0.04pp | 31q | HELD | |
| COSTCO WHOLESALE CORPORATION | COST | $914.0K | 977 | -0.06pp | 18q | -5.5%-$53.3K | |
| HONEYWELL INTL INC | HON | $905.3K | 4,043 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $893.9K | 4,043 | - | new | NEW | |
| AIR PRODUCTS AND CHEMICALS I | APD | $871.9K | 2,974 | -0.04pp | 31q | -7.6%-$71.8K | |
| CATERPILLAR INC | CAT | $871.1K | 818 | +0.07pp | 15q | -2.3%-$20.2K | |
| AMERICAN WTR WKS CO INC NEW | AWK | $845.0K | 6,422 | -0.02pp | 31q | +4.9%+$39.5K | |
| RPM INTL INC | RPM | $840.6K | 7,563 | flat | 31q | -3.6%-$31.2K | |
| CHURCH & DWIGHT CO INC | CHD | $827.4K | 8,540 | -0.01pp | 31q | -0.7%-$6.2K | |
| CDW CORP | CDW | $791.4K | 5,627 | -0.01pp | 31q | -9.8%-$85.9K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $780.4K | 2,775 | -0.03pp | 31q | -16.2%-$150.4K | |
| CURTISS WRIGHT CORP | CW | $772.2K | 1,019 | -0.16pp | 5q | -41.3%-$544.1K | |
| CINCINNATI FINL CORP | CINF | $770.4K | 4,161 | -0.01pp | 31q | -9.9%-$84.8K | |
| 3M CO | MMM | $744.0K | 4,595 | flat | 31q | -2.8%-$21.5K | |
| VERIZON COMMUNICATIONS INC | VZ | $728.8K | 17,214 | -0.06pp | 31q | +1.0%+$7.0K | |
| EMERSON ELEC CO | EMR | $706.2K | 4,933 | flat | 31q | -2.8%-$20.3K | |
| AT&T INC | T | $662.0K | 31,979 | -0.11pp | 31q | HELD | |
| ONEOK INC NEW | OKE | $654.5K | 7,528 | -0.03pp | 12q | HELD | |
| SEMPRA | SRE | $624.1K | 6,732 | -0.03pp | 31q | -2.6%-$16.6K | |
| ORACLE CORP | ORCL | $578.9K | 3,950 | -0.10pp | 31q | -29.1%-$237.4K | |
| BROWN FORMAN CORP | BFB | $575.0K | 21,576 | -0.06pp | 31q | -18.5%-$130.9K | |
| CONOCOPHILLIPS | COP | $573.8K | 5,519 | -0.07pp | 22q | -2.9%-$17.2K | |
| ROPER TECHNOLOGIES INC | ROP | $565.4K | 1,671 | -0.62pp | 6q | -74.8%-$1.7M | |
| AMGEN INC | AMGN | $555.9K | 1,535 | -0.01pp | 31q | HELD | |
| UNITED PARCEL SVCS INC | UPS | $549.9K | 5,115 | -0.01pp | 31q | -4.7%-$26.9K | |
| PFIZER INC | PFE | $514.6K | 21,370 | -0.04pp | 31q | -0.6%-$3.2K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $511.6K | 2,162 | +0.09pp | 2q | +114.1%+$272.6K | |
| KIMBERLY-CLARK CORP | KMB | $507.9K | 4,627 | -0.01pp | 31q | -11.5%-$65.9K | |
| DOMINION ENERGY INC | D | $505.8K | 7,406 | flat | 31q | HELD | |
| SYSCO CORP | SYY | $500.6K | 5,990 | flat | 21q | -7.4%-$39.8K | |
| AGF INVTS TR | BTAL | $497.3K | 44,597 | -0.01pp | 5q | +25.2%+$100.1K | |
| ALBEMARLE CORP | ALB | $494.2K | 3,660 | -0.07pp | 27q | HELD | |
| ENTERPRISE PRODS PARTNERS L | EPD | $456.6K | 12,420 | -0.02pp | 31q | -0.7%-$3.4K | |
| CLOROX CO DEL | CLX | $449.0K | 4,705 | -0.03pp | 31q | -2.1%-$9.6K | |
| WEYERHAEUSER CO | WY | $428.3K | 17,890 | -0.01pp | 31q | HELD | |
| PNC FINL SVCS GROUP INC | PNC | $411.2K | 1,670 | +0.01pp | 31q | HELD | |
| DISNEY WALT CO | DIS | $401.7K | 4,173 | -0.03pp | 31q | -9.9%-$44.1K | |
| GRACO INC | GGG | $400.7K | 5,300 | -0.03pp | 31q | HELD | |
| PALO ALTO NETWORKS INC | PANW | $400.4K | 1,174 | +0.05pp | 5q | -13.7%-$63.8K | |
| ROCKET LAB CORP | RKLB | $379.7K | 3,735 | +0.04pp | 3q | HELD | |
| ALTRIA GROUP INC | MO | $367.7K | 5,111 | flat | 31q | +0.8%+$2.9K | |
| BRITISH AMERN TOB PLC | BTI | $364.4K | 5,900 | flat | 3q | +0.9%+$3.1K | |
| DICKS SPORTING GOODS INC | DKS | $360.4K | 1,589 | -0.63pp | 8q | -85.7%-$2.2M | |
| AMPHENOL CORP | APH | $357.9K | 2,030 | +0.02pp | 7q | -2.4%-$8.8K | |
| DUKE ENERGY CORP NEW | DUK | $342.4K | 2,705 | -0.01pp | 31q | -1.3%-$4.4K | |
| XYLEM INC | XYL | $341.3K | 2,887 | -0.01pp | 31q | HELD | |
| QUANTA SVCS INC | PWR | $331.2K | 460 | - | new | NEW | |
| COLGATE PALMOLIVE CO | CL | $310.6K | 3,388 | flat | 31q | HELD | |
| ESSENTIAL UTILS INC | WTRG | $310.3K | 8,099 | -0.01pp | 26q | +1.5%+$4.6K | |
| PHILLIPS 66 | PSX | $308.2K | 1,823 | -0.03pp | 31q | -11.9%-$41.6K | |
| SANDISK CORP | SNDK | $304.7K | 134 | +0.02pp | 2q | -63.2%-$523.0K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $287.7K | 575 | flat | 12q | +3.6%+$10.0K | |
| NORTHROP GRUMMAN CORP | NOC | $284.2K | 558 | -0.04pp | 22q | HELD | |
| WASTE MGMT INC DEL | WM | $274.6K | 1,232 | -0.01pp | 15q | -3.5%-$10.0K | |
| TRAVELERS COMPANIES INC | TRV | $266.7K | 808 | flat | 6q | HELD | |
| ITT INC | ITT | $266.0K | 1,345 | -0.01pp | 5q | -10.3%-$30.7K | |
| BROWN FORMAN CORP | BFA | $264.3K | 9,659 | -0.07pp | 31q | -42.1%-$192.5K | |
| UNILEVER PLC | UL | $261.0K | 4,341 | flat | 3q | HELD | |
| WEC ENERGY GROUP INC | WEC | $256.9K | 2,200 | -0.01pp | 10q | HELD | |
| ILLINOIS TOOL WKS INC | ITW | $254.2K | 940 | flat | 25q | HELD | |
| TRACTOR SUPPLY CO | TSCO | $253.5K | 8,020 | flat | 13q | +46.4%+$80.3K | |
| SHERWIN WILLIAMS CO | SHW | $239.6K | 696 | flat | 18q | -4.4%-$11.0K | |
| FIRST TR EXCHANGE-TRADED FD | KNG | $237.3K | 4,700 | - | new | NEW | |
| US BANCORP | USB | $233.6K | 3,867 | flat | 4q | -4.9%-$12.1K | |
| AMERICAN TOWER CORP | AMT | $231.5K | 1,415 | -0.01pp | 11q | HELD | |
| AGNICO EAGLE MINES LTD | AEM | $231.1K | 1,490 | - | new | NEW | |
| SCIENCE APPLICATIONS INTL CO | SAIC | $230.3K | 2,086 | - | new | NEW | |
| VANGUARD INDEX FDS | VTI | $224.6K | 607 | - | new | NEW | |
| EQT CORP | EQT | $219.2K | 4,123 | -0.02pp | 2q | -1.1%-$2.4K | |
| DIAMONDBACK ENERGY INC | FANG | $205.7K | 1,170 | -0.05pp | 17q | -29.7%-$86.8K | |
| GE VERNOVA INC | GEV | $203.2K | 173 | - | new | NEW | |
| LEIDOS HOLDINGS INC | LDOS | $202.6K | 1,968 | -0.06pp | 11q | -16.7%-$40.7K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Biotech & Pharma | $38.1M | 11.9% |
| Semiconductors & Electronics | $34.2M | 10.7% |
| Software & IT Services | $31.5M | 9.8% |
| Retail & Consumer | $21.3M | 6.6% |
| Food, Drink & Tobacco | $19.8M | 6.2% |
| Energy | $19.1M | 5.9% |
| Computer Hardware | $17.7M | 5.5% |
| Chemicals | $15.4M | 4.8% |
| Industrials | $14.5M | 4.5% |
| Utilities | $12.2M | 3.8% |
| Banks & Lending | $9.9M | 3.1% |
| Medical Devices | $9.2M | 2.9% |
| Other sectors | $60.0M | 18.7% |
| Not classified | $18.3M | 5.7% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $321.1M | 153 | 13 | 41 | 74 | 6 | 30.7% | 9 |
| Q1 2026 | $296.0M | 146 | 9 | 35 | 72 | 7 | 30.5% | 16 |
| Q4 2025 | $297.5M | 144 | 6 | 41 | 49 | 5 | 31.2% | 20 |
| Q3 2025 | $287.1M | 143 | 6 | 36 | 65 | 2 | 30.3% | 34 |
| Q2 2025 | $270.2M | 139 | 8 | 41 | 46 | 6 | 30.9% | 15 |
| Q1 2025 | $253.6M | 137 | 10 | 34 | 65 | 5 | 28.7% | 7 |
| Q4 2024 | $256.1M | 132 | 4 | 34 | 50 | 2 | 31.0% | 22 |
| Q3 2024 | $260.1M | 130 | 8 | 28 | 56 | 2 | 30.6% | 16 |
| Q2 2024 | $242.2M | 124 | 5 | 45 | 50 | 9 | 32.4% | 17 |
| Q1 2024 | $234.4M | 128 | 15 | 40 | 42 | 2 | 30.6% | 17 |
| Q4 2023 | $215.5M | 115 | 5 | 34 | 38 | 6 | 31.2% | 12 |
| Q3 2023 | $198.3M | 116 | 4 | 34 | 25 | 4 | 30.3% | 19 |
| Q2 2023 | $204.3M | 116 | 3 | 24 | 53 | 2 | 30.8% | 11 |
| Q1 2023 | $199.3M | 115 | 3 | 40 | 40 | 1 | 29.0% | 13 |
| Q4 2022 | $194.6K | 113 | 6 | 25 | 51 | 0 | 29.0% | 12 |
| Q3 2022 | $174.4M | 107 | 0 | 27 | 50 | 6 | 29.4% | 20 |
| Q2 2022 | $190.9M | 113 | 1 | 26 | 50 | 5 | 29.1% | 12 |
| Q1 2022 | $214.9M | 117 | 4 | 25 | 64 | 3 | 28.9% | 14 |
| Q4 2021 | $227.1M | 116 | 2 | 34 | 53 | 1 | 29.7% | 12 |
| Q3 2021 | $199.0M | 115 | 3 | 30 | 68 | 3 | 27.4% | 12 |
| Q2 2021 | $205.4M | 115 | 7 | 13 | 84 | 7 | 27.7% | 13 |
| Q1 2021 | $239.4M | 115 | 3 | 1 | 97 | 5 | 26.5% | 13 |
| Q4 2020 | $259.7M | 117 | 7 | 44 | 38 | 3 | 26.5% | 12 |
| Q3 2020 | $235.2M | 113 | 3 | 39 | 58 | 8 | 27.3% | 9 |
| Q2 2020 | $223.5M | 118 | 6 | 22 | 40 | 1 | 26.7% | 8 |
| Q1 2020 | $193.6M | 113 | 1 | 47 | 36 | 13 | 26.1% | 8 |
| Q4 2019 | $237.3M | 125 | 4 | 38 | 55 | 3 | 25.6% | 13 |
| Q3 2019 | $221.2M | 124 | 3 | 41 | 61 | 8 | 26.1% | 11 |
| Q2 2019 | $216.4M | 129 | 6 | 37 | 61 | 9 | 26.2% | 12 |
| Q1 2019 | $210.3M | 132 | 1 | 2 | 129 | 27 | 26.4% | 11 |
| Q4 2018 | $384.3M | 158 | 0 | 0 | 0 | 0 | 26.4% | 16 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.