Basic Stats
Portfolio Value $ 372,493,093
Current Positions 117
Latest Holdings, Performance, AUM (from 13F, 13D)

Monarch Capital Management Inc/ has disclosed 117 total holdings in their latest SEC filings. Most recent portfolio value is calculated to be $ 372,493,093 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Monarch Capital Management Inc/’s top holdings are Microsoft Corporation (US:MSFT) , Apple Inc. (US:AAPL) , Walmart Inc. (US:WMT) , The Home Depot, Inc. (US:HD) , and McDonald's Corporation (US:MCD) . Monarch Capital Management Inc/’s new positions include NVIDIA Corporation (US:NVDA) , Hecla Mining Company (US:HL) , .

Monarch Capital Management Inc/ - Portfolio Value
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Top Increases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)		 Value
(MM$)		 Portfolio % ΔPortfolio %
0.05 24.46 6.5677 1.3339
0.02 8.20 2.2021 0.5719
0.10 2.94 0.7888 0.2789
0.06 7.90 2.1201 0.2255
0.04 7.03 1.8873 0.2133
0.14 9.77 2.6238 0.2116
0.02 6.38 1.7123 0.1749
0.02 1.88 0.5055 0.1195
0.02 2.55 0.6844 0.1029
0.00 0.36 0.0969 0.0969
Top Decreases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)		 Value
(MM$)		 Portfolio % ΔPortfolio %
0.05 9.54 2.5600 -0.4299
0.04 11.15 2.9930 -0.3852
0.03 5.23 1.4034 -0.3842
0.12 9.72 2.6105 -0.3839
0.06 9.51 2.5540 -0.2970
0.07 13.74 3.6886 -0.2655
0.05 7.28 1.9542 -0.2351
0.04 3.20 0.8593 -0.2230
0.05 5.54 1.4886 -0.1815
0.10 6.93 1.8609 -0.1814
13F and Fund Filings

This form was filed on 2025-08-20 for the reporting period 2025-06-30. Click the link icon to see the full transaction history.

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2022-07-28: Important Note - We have changed the treatment of the Δ Portfolio % column in this table. Previously, we were reporting it as the percent change in the portfolio allocation. We are now reporting it as the raw change in the portfolio allocation (still reported as a percent). In formula terms, we were previously reporting it as 100 * (current allocation - prior allocation ) / prior allocation. We are now reporting it as (current allocation - prior allocation).
Security Type Avg Share Price Shares
(MM)		 ΔShares
(%)		 ΔShares
(%)		 Value
($MM)		 Portfolio
(%)		 ΔPortfolio
(%)
MSFT / Microsoft Corporation 0.05 -1.96 24.46 29.91 6.5677 1.3339
AAPL / Apple Inc. 0.07 4.56 13.74 -3.42 3.6886 -0.2655
WMT / Walmart Inc. 0.13 -4.32 13.01 6.32 3.4921 0.0918
HD / The Home Depot, Inc. 0.03 0.25 12.28 0.29 3.2975 -0.1063
MCD / McDonald's Corporation 0.04 -1.94 11.15 -8.28 2.9930 -0.3852
ADP / Automatic Data Processing, Inc. 0.04 -1.38 10.94 -0.45 2.9378 -0.1175
KR / The Kroger Co. 0.14 -0.20 10.25 5.76 2.7520 0.0581
CSCO / Cisco Systems, Inc. 0.14 0.16 9.77 12.61 2.6238 0.2116
MRK / Merck & Co., Inc. 0.12 2.24 9.72 -9.75 2.6105 -0.3839
ABBV / AbbVie Inc. 0.05 0.06 9.54 -11.36 2.5600 -0.4299
JNJ / Johnson & Johnson 0.06 0.69 9.51 -7.26 2.5540 -0.2970
LKFN / Lakeland Financial Corporation 0.15 1.13 9.49 4.55 2.5487 0.0248
FELE / Franklin Electric Co., Inc. 0.10 0.69 8.74 -3.76 2.3466 -0.1774
PWR / Quanta Services, Inc. 0.02 -5.98 8.20 39.85 2.2021 0.5719
EMR / Emerson Electric Co. 0.06 -4.73 7.90 15.86 2.1201 0.2255
ABT / Abbott Laboratories 0.05 -1.93 7.30 0.56 1.9598 -0.0579
PG / The Procter & Gamble Company 0.05 -1.15 7.28 -7.59 1.9542 -0.2351
GOOG / Alphabet Inc. 0.04 2.79 7.03 16.72 1.8873 0.2133
KO / The Coca-Cola Company 0.10 -4.53 6.93 -5.68 1.8609 -0.1814
JPM / JPMorgan Chase & Co. 0.02 -2.44 6.38 15.31 1.7123 0.1749
AFL / Aflac Incorporated 0.06 -0.41 6.21 -5.55 1.6683 -0.1603
USB / U.S. Bancorp 0.13 2.78 6.10 9.64 1.6369 0.0912
SYK / Stryker Corporation 0.01 -3.26 5.71 2.75 1.5330 -0.0116
XOM / Exxon Mobil Corporation 0.05 1.81 5.54 -7.72 1.4886 -0.1815
MDT / Medtronic plc 0.06 0.65 5.40 -2.32 1.4497 -0.0867
ACN / Accenture plc 0.02 2.65 5.32 -1.68 1.4274 -0.0755
FI / Fiserv, Inc. 0.03 4.10 5.23 -18.72 1.4034 -0.3842
GILD / Gilead Sciences, Inc. 0.04 -0.09 4.95 -1.14 1.3289 -0.0628
MMM / 3M Company 0.03 -0.89 4.70 2.73 1.2608 -0.0097
FFIV / F5, Inc. 0.02 1.83 4.43 12.55 1.1896 0.0954
SYY / Sysco Corporation 0.06 -1.01 4.40 -0.07 1.1802 -0.0426
CINF / Cincinnati Financial Corporation 0.03 -0.35 4.21 0.41 1.1303 -0.0354
GPC / Genuine Parts Company 0.03 4.69 4.11 6.59 1.1028 0.0316
NEE / NextEra Energy, Inc. 0.06 1.32 4.07 -0.78 1.0933 -0.0475
STLD / Steel Dynamics, Inc. 0.03 2.62 4.04 5.02 1.0847 0.0154
APD / Air Products and Chemicals, Inc. 0.01 5.87 3.55 1.26 0.9525 -0.0214
ZBH / Zimmer Biomet Holdings, Inc. 0.04 2.02 3.20 -17.82 0.8593 -0.2230
UPS / United Parcel Service, Inc. 0.03 0.06 3.00 -8.16 0.8065 -0.1028
CCRD / CoreCard Corporation 0.10 3.44 2.94 60.20 0.7888 0.2789
GOOGL / Alphabet Inc. 0.02 -1.86 2.92 11.82 0.7852 0.0583
PFE / Pfizer Inc. 0.12 3.75 2.91 -0.75 0.7817 -0.0337
CARR / Carrier Global Corporation 0.04 2.13 2.86 17.87 0.7686 0.0937
BRK.B / Berkshire Hathaway Inc. 0.01 0.57 2.81 -8.26 0.7543 -0.0970
VWO / Vanguard International Equity Index Funds - Vanguard FTSE Emerging Markets ETF 0.06 -0.67 2.73 8.56 0.7326 0.0339
FLS / Flowserve Corporation 0.05 4.48 2.62 12.01 0.7036 0.0532
VTIP / Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities ETF 0.05 -3.61 2.56 -2.89 0.6861 -0.0454
DIS / The Walt Disney Company 0.02 -3.02 2.55 21.85 0.6844 0.1029
RTX / RTX Corporation 0.02 -0.30 2.44 9.92 0.6544 0.0380
GE / General Electric Company 0.01 -8.85 2.19 17.01 0.5875 0.0677
CB / Chubb Limited 0.01 3.11 2.07 -1.05 0.5567 -0.0258
INTC / Intel Corporation 0.09 -0.74 2.02 -2.13 0.5430 -0.0312
CVX / Chevron Corporation 0.01 1.92 2.02 -12.77 0.5413 -0.1011
PM / Philip Morris International Inc. 0.01 -5.05 1.93 8.78 0.5189 0.0253
DG / Dollar General Corporation 0.02 4.23 1.88 35.59 0.5055 0.1195
RCI / Rogers Communications Inc. 0.06 13.27 1.84 24.88 0.4947 0.0847
VZ / Verizon Communications Inc. 0.04 4.66 1.84 -0.16 0.4934 -0.0183
PPL / PPL Corporation 0.05 1.05 1.57 -5.14 0.4216 -0.0385
PEP / PepsiCo, Inc. 0.01 20.51 1.46 6.10 0.3920 0.0096
TGT / Target Corporation 0.01 2.63 1.44 -2.96 0.3869 -0.0260
SMG / The Scotts Miracle-Gro Company 0.02 6.20 1.43 27.58 0.3852 0.0727
OKE / ONEOK, Inc. 0.02 14.86 1.36 -5.48 0.3658 -0.0349
LMT / Lockheed Martin Corporation 0.00 10.98 1.35 15.12 0.3619 0.0363
AES / The AES Corporation 0.13 12.00 1.34 -5.12 0.3584 -0.0327
GWW / W.W. Grainger, Inc. 0.00 1.59 1.33 7.02 0.3561 0.0115
LLY / Eli Lilly and Company 0.00 17.83 1.26 11.29 0.3388 0.0234
REGN / Regeneron Pharmaceuticals, Inc. 0.00 67.02 1.23 38.31 0.3305 0.0830
BMY / Bristol-Myers Squibb Company 0.02 0.19 1.13 -23.92 0.3039 -0.1098
GEV / GE Vernova Inc. 0.00 -8.31 1.03 58.98 0.2759 0.0962
ADM / Archer-Daniels-Midland Company 0.02 19.92 0.98 31.85 0.2636 0.0566
LIN / Linde plc 0.00 -3.08 0.93 -2.42 0.2496 -0.0150
OTIS / Otis Worldwide Corporation 0.01 -1.09 0.90 -5.05 0.2423 -0.0220
WBA / Walgreens Boots Alliance, Inc. 0.08 -1.67 0.90 1.01 0.2407 -0.0059
COST / Costco Wholesale Corporation 0.00 0.12 0.85 4.84 0.2270 0.0027
ORCL / Oracle Corporation 0.00 0.00 0.84 56.40 0.2265 0.0765
PLXS / Plexus Corp. 0.01 0.00 0.83 5.58 0.2234 0.0044
J / Jacobs Solutions Inc. 0.01 -2.32 0.83 6.15 0.2228 0.0056
NTRS / Northern Trust Corporation 0.01 -8.91 0.82 16.93 0.2209 0.0253
WFC / Wells Fargo & Company 0.01 0.52 0.80 12.20 0.2150 0.0166
SPY / SPDR S&P 500 ETF 0.00 -1.96 0.78 8.24 0.2081 0.0090
ZIMV / ZimVie Inc. 0.08 15.31 0.75 -0.13 0.2017 -0.0075
BRK.A / Berkshire Hathaway Inc. 0.00 0.00 0.73 -8.77 0.1957 -0.0263
V / Visa Inc. 0.00 5.43 0.72 6.79 0.1944 0.0060
NSC / Norfolk Southern Corporation 0.00 -1.89 0.66 5.92 0.1780 0.0042
CPRT / Copart, Inc. 0.01 -2.00 0.66 -15.04 0.1777 -0.0388
CL / Colgate-Palmolive Company 0.01 0.00 0.66 -2.96 0.1759 -0.0118
CHKP / Check Point Software Technologies Ltd. 0.00 6.19 0.62 3.19 0.1652 -0.0007
BP / BP p.l.c. - Depositary Receipt (Common Stock) 0.02 -2.40 0.61 -13.53 0.1631 -0.0322
KMB / Kimberly-Clark Corporation 0.00 1.89 0.57 -7.49 0.1526 -0.0183
MO / Altria Group, Inc. 0.01 -7.66 0.56 -9.82 0.1504 -0.0224
AMZN / Amazon.com, Inc. 0.00 28.21 0.55 47.99 0.1483 0.0444
CTAS / Cintas Corporation 0.00 0.00 0.53 8.32 0.1436 0.0065
CAT / Caterpillar Inc. 0.00 0.00 0.48 17.94 0.1289 0.0155
DE / Deere & Company 0.00 0.00 0.46 8.43 0.1243 0.0055
SHW / The Sherwin-Williams Company 0.00 0.30 0.46 -1.29 0.1231 -0.0061
TSM / Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock) 0.00 0.25 0.45 36.78 0.1209 0.0293
ELV / Elevance Health, Inc. 0.00 0.00 0.45 -10.58 0.1204 -0.0190
PNC / The PNC Financial Services Group, Inc. 0.00 0.00 0.42 6.08 0.1127 0.0027
T / AT&T Inc. 0.01 -3.91 0.41 -1.67 0.1108 -0.0059
NUE / Nucor Corporation 0.00 -12.31 0.41 -5.79 0.1095 -0.0106
VEA / Vanguard Tax-Managed Funds - Vanguard FTSE Developed Markets ETF 0.01 -4.49 0.39 7.18 0.1042 0.0035
ITW / Illinois Tool Works Inc. 0.00 0.00 0.38 -0.27 0.1009 -0.0038
CNI / Canadian National Railway Company 0.00 9.95 0.37 17.52 0.0992 0.0117
NVDA / NVIDIA Corporation 0.00 0.36 0.0969 0.0969
FRME / First Merchants Corporation 0.01 0.00 0.34 -5.28 0.0917 -0.0085
NKE / NIKE, Inc. 0.00 3.86 0.33 16.01 0.0876 0.0095
IWP / iShares Trust - iShares Russell Mid-Cap Growth ETF 0.00 0.00 0.31 17.74 0.0840 0.0103
VTWO / Vanguard Scottsdale Funds - Vanguard Russell 2000 ETF 0.00 29.13 0.31 39.82 0.0830 0.0215
BKH / Black Hills Corporation 0.01 0.00 0.31 -7.53 0.0826 -0.0099
COP / ConocoPhillips 0.00 0.07 0.26 -14.61 0.0708 -0.0149
IBM / International Business Machines Corporation 0.00 0.00 0.25 18.48 0.0673 0.0085
VTI / Vanguard Index Funds - Vanguard Total Stock Market ETF 0.00 0.00 0.24 11.11 0.0645 0.0043
MDLZ / Mondelez International, Inc. 0.00 0.72 0.24 0.00 0.0638 -0.0022
NI / NiSource Inc. 0.01 0.00 0.22 0.47 0.0582 -0.0017
AMGN / Amgen Inc. 0.00 0.00 0.21 -10.17 0.0570 -0.0088
TXN / Texas Instruments Incorporated 0.00 0.21 0.0561 0.0561
IWM / iShares Trust - iShares Russell 2000 ETF 0.00 0.21 0.0553 0.0553
HL / Hecla Mining Company 0.01 0.07 0.0175 0.0175
VRA / Vera Bradley, Inc. 0.00 -100.00 0.00 0.0000
STZ / Constellation Brands, Inc. 0.00 -100.00 0.00 0.0000