CENTRAL BANK & TRUST CO

Lam Research is the cleanest contradiction in Central Bank & Trust Co's Q2 2026 filing. Share count fell from about 77,199 to 69,561—roughly a 10% cut and about $3.3 million of share-flow selling. Ending market value nonetheless surged from $16.5 million to $30.1 million, vaulting LRCX to 4.3% of the $705 million book (up from $636 million last quarter) and third place behind only Nvidia and Alphabet. Price did the heavy lifting; the trust desk was a net seller into that move.

Nvidia rhymes. Shares slipped about 3.1% (~$2.4 million of share-flow selling) while position value rose about $7.4 million to $73.4 million. At 10.4% of reported value, NVDA is an unusually large single-stock weight for a regional bank trust book—and the firm did not use the rally to de-gross it in any material way. Caterpillar and Alphabet show smaller versions of the same sell-shares/gain-value geometry.