MONARCH CAPITAL MANAGEMENT INC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $24.7M | 48,170 | +1.52pp | 32q | -0.5%-$124.6K | |
| APPLE INC | AAPL | $18.9M | 56,643 | +0.45pp | 32q | -3.0%-$587.4K | |
| MERCK & CO INC | MRK | $17.0M | 116,622 | +0.37pp | 32q | -2.3%-$394.1K | |
| JOHNSON & JOHNSON | JNJ | $15.1M | 56,944 | +0.09pp | 32q | -1.4%-$213.9K | |
| CISCO SYS INC | CSCO | $13.5M | 125,872 | -0.34pp | 32q | -1.7%-$231.9K | |
| ALPHABET INC | GOOG | $12.7M | 37,269 | -0.10pp | 32q | HELD | |
| ABBVIE INC | ABBV | $12.6M | 48,322 | +0.07pp | 32q | -1.5%-$189.7K | |
| WALMART INC | WMT | $11.9M | 114,395 | -0.25pp | 32q | HELD | |
| QUANTA SVCS INC | PWR | $9.8M | 15,221 | -0.33pp | 32q | -2.2%-$216.5K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $9.6M | 36,933 | +0.29pp | 32q | HELD | |
| HOME DEPOT INC | HD | $9.3M | 32,827 | -0.51pp | 32q | HELD | |
| KROGER CO | KR | $9.3M | 157,817 | +0.16pp | 32q | +2.3%+$212.0K | |
| ISHARES TR | SGOV | $9.0M | 88,911 | -0.13pp | 5q | -5.9%-$563.8K | |
| MCDONALDS CORP | MCD | $8.8M | 37,974 | -0.32pp | 32q | +0.9%+$74.4K | |
| FRANKLIN ELEC INC | FELE | $8.7M | 91,247 | -0.27pp | 32q | -1.6%-$145.8K | |
| EMERSON ELEC CO | EMR | $8.6M | 55,257 | +0.11pp | 32q | -2.0%-$171.9K | |
| INTEL CORP | INTC | $8.5M | 70,537 | -0.37pp | 32q | -2.2%-$188.8K | |
| LAKELAND FINL CORP | LKFN | $8.4M | 146,173 | -0.15pp | 32q | HELD | |
| COCA COLA CO | KO | $7.4M | 86,003 | +0.02pp | 32q | -4.2%-$327.2K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $7.2M | 44,170 | - | new | NEW | |
| US BANCORP | USB | $7.1M | 122,627 | -0.08pp | 32q | -0.8%-$57.4K | |
| JPMORGAN CHASE & CO | JPM | $6.7M | 20,210 | -0.02pp | 32q | -2.3%-$160.5K | |
| PROCTER & GAMBLE CO | PG | $6.6M | 45,264 | -0.02pp | 32q | -0.5%-$33.7K | |
| GILEAD SCIENCES INC | GILD | $6.0M | 40,570 | +0.21pp | 32q | HELD | |
| AFLAC INC | AFL | $5.9M | 53,208 | -0.09pp | 32q | -1.6%-$96.1K | |
| F5 INC | FFIV | $5.9M | 13,167 | flat | 30q | -6.2%-$386.9K | |
| STEEL DYNAMICS INC | STLD | $5.7M | 25,700 | -0.09pp | 32q | -3.1%-$183.2K | |
| ABBOTT LABORATORIES | ABT | $5.5M | 55,344 | +0.09pp | 32q | -0.8%-$45.6K | |
| MEDTRONIC PLC | MDT | $5.1M | 59,101 | +0.09pp | 32q | -1.5%-$77.0K | |
| ALPHABET INC | GOOGL | $5.1M | 14,850 | -0.06pp | 32q | -1.4%-$71.6K | |
| 3M CO | MMM | $5.1M | 30,959 | flat | 32q | -1.2%-$61.2K | |
| GENUINE PARTS CO | GPC | $4.7M | 36,868 | +0.04pp | 32q | -2.1%-$101.2K | |
| NEXTERA ENERGY INC | NEE | $4.4M | 57,927 | -0.13pp | 32q | +2.4%+$102.2K | |
| STRYKER CORPORATION | SYK | $4.3M | 15,738 | -0.11pp | 32q | +2.9%+$122.1K | |
| CINCINNATI FINL CORP | CINF | $4.3M | 26,701 | -0.17pp | 32q | -1.3%-$56.1K | |
| SYSCO CORP | SYY | $4.2M | 53,844 | -0.09pp | 32q | -1.6%-$66.2K | |
| AIR PRODUCTS AND CHEMICALS I | APD | $3.7M | 13,134 | -0.09pp | 32q | -4.6%-$174.5K | |
| PFIZER INC | PFE | $3.5M | 123,947 | +0.11pp | 32q | -2.8%-$103.4K | |
| ACCENTURE PLC IRELAND | ACN | $3.5M | 18,888 | +0.25pp | 32q | -1.0%-$36.7K | |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $3.4M | 37,831 | +0.03pp | 32q | HELD | |
| FLOWSERVE CORP | FLS | $3.3M | 45,171 | -0.02pp | 32q | -0.7%-$23.4K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $3.1M | 51,900 | -0.02pp | 32q | -1.4%-$44.8K | |
| RTX CORPORATION | RTX | $3.0M | 15,948 | -0.02pp | 26q | HELD | |
| REGENERON PHARMACEUTICALS | REGN | $2.9M | 3,869 | +0.13pp | 20q | +1.4%+$40.2K | |
| UNITED PARCEL SVCS INC | UPS | $2.9M | 30,832 | -0.13pp | 32q | -3.8%-$112.5K | |
| FISERV INC | FISV | $2.8M | 62,719 | +0.01pp | 25q | +10.5%+$269.7K | |
| CARRIER GLOBAL CORPORATION | CARR | $2.8M | 50,800 | -0.15pp | 26q | +8.2%+$210.7K | |
| TARGET CORP | TGT | $2.7M | 17,324 | +0.05pp | 32q | -8.8%-$262.5K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.7M | 5,398 | -0.02pp | 32q | -2.4%-$66.2K | |
| CHEVRON CORPORATION | CVX | $2.7M | 13,036 | +0.11pp | 32q | -0.6%-$17.4K | |
| CHUBB LIMITED | CB | $2.6M | 7,853 | -0.03pp | 32q | HELD | |
| SALESFORCE INC | CRM | $2.5M | 10,914 | +0.11pp | 5q | -16.2%-$486.1K | |
| VANGUARD MALVERN FDS | VTIP | $2.5M | 50,828 | -0.02pp | 24q | -0.8%-$20.1K | |
| VERIZON COMMUNICATIONS INC | VZ | $2.2M | 48,187 | +0.04pp | 32q | HELD | |
| DOLLAR GEN CORP | DG | $2.2M | 18,337 | flat | 28q | -3.0%-$67.1K | |
| ONEOK INC NEW | OKE | $2.2M | 25,591 | - | new | NEW | |
| LOCKHEED MARTIN CORP | LMT | $2.2M | 4,256 | +0.03pp | 20q | +6.6%+$134.4K | |
| Rogers Communications, Inc. | RCI | $2.1M | 68,206 | +0.01pp | 32q | +8.3%+$161.4K | |
| AES CORP | AES | $2.0M | 137,430 | flat | 32q | -1.4%-$28.6K | |
| DISNEY WALT CO | DIS | $2.0M | 18,854 | +0.03pp | 32q | -1.2%-$23.1K | |
| PHILIP MORRIS INTL INC | PM | $1.9M | 10,195 | +0.02pp | 32q | HELD | |
| GE AEROSPACE | GE | $1.9M | 6,128 | -0.11pp | 21q | -3.8%-$74.9K | |
| PEPSICO INC | PEP | $1.9M | 14,755 | flat | 32q | +6.8%+$119.4K | |
| PPL CORP | PPL | $1.7M | 52,411 | -0.03pp | 32q | +2.7%+$45.3K | |
| AMAZON COM INC | AMZN | $1.7M | 6,900 | +0.05pp | 12q | +11.0%+$170.4K | |
| ARCHER DANIELS MIDLAND CO | ADM | $1.7M | 21,656 | +0.01pp | 32q | -2.4%-$42.5K | |
| EURONET WORLDWIDE INC | EEFT | $1.5M | 24,364 | -0.10pp | 4q | -8.7%-$145.6K | |
| GE VERNOVA INC | GEV | $1.5M | 1,605 | -0.11pp | 10q | -6.1%-$99.8K | |
| WW GRAINGER INC | GWW | $1.5M | 1,210 | -0.04pp | 32q | -1.9%-$29.9K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $1.5M | 23,783 | +0.03pp | 32q | HELD | |
| PROGRESSIVE CORP | PGR | $1.3M | 6,478 | +0.03pp | 4q | +15.0%+$175.2K | |
| PLEXUS CORP | PLXS | $1.3M | 5,125 | -0.07pp | 32q | -5.5%-$78.3K | |
| ELI LILLY & CO | LLY | $1.2M | 1,028 | -0.03pp | 32q | -7.2%-$92.6K | |
| SCOTTS MIRACLE GRO CO | SMG | $1.1M | 22,942 | -0.11pp | 19q | -4.7%-$56.9K | |
| VANGUARD WHITEHALL FDS | VYMI | $1.1M | 10,619 | +0.02pp | 5q | +8.0%+$79.4K | |
| CHECK POINT SOFTWARE TECH LT | CHKP | $1.1M | 8,301 | flat | 30q | HELD | |
| Rio Tinto PLC | RIO | $1.1M | 11,269 | +0.08pp | 3q | +47.1%+$339.7K | |
| VANGUARD SCOTTSDALE FDS | VTWO | $1.0M | 9,079 | -0.01pp | 9q | +2.4%+$23.8K | |
| CATERPILLAR INC | CAT | $1.0M | 1,237 | -0.07pp | 25q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RSP | $998.1K | 4,798 | -0.01pp | 5q | -3.1%-$32.0K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $957.2K | 1,252 | flat | 31q | HELD | |
| VANGUARD INDEX FDS | VOO | $935.6K | 1,335 | -0.01pp | 5q | -5.4%-$53.3K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $926.5K | 2,026 | flat | 12q | +2.5%+$22.9K | |
| LINDE PLC | LIN | $867.2K | 1,827 | -0.03pp | 15q | -3.7%-$33.2K | |
| NORTHERN TR CORP | NTRS | $862.4K | 5,065 | -0.01pp | 32q | -4.3%-$38.8K | |
| NVIDIA CORPORATION | NVDA | $792.0K | 3,464 | +0.02pp | 6q | -0.7%-$5.7K | |
| JACOBS SOLUTIONS INC | J | $787.1K | 5,819 | flat | 17q | -4.7%-$39.2K | |
| COSTCO WHOLESALE CORPORATION | COST | $776.5K | 853 | -0.01pp | 28q | HELD | |
| VISA INC | V | $766.8K | 2,134 | +0.01pp | 21q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $747.0K | 1 | flat | 32q | HELD | |
| NUCOR CORP | NUE | $668.5K | 2,853 | +0.01pp | 24q | HELD | |
| ALTRIA GROUP INC | MO | $662.2K | 9,688 | -0.01pp | 32q | HELD | |
| NOVO-NORDISK A S | NVO | $652.1K | 17,200 | -0.03pp | 5q | +6.5%+$39.8K | |
| CANADIAN NATL RY CO | CNI | $640.5K | 5,387 | flat | 32q | +0.7%+$4.8K | |
| WELLS FARGO & CO | WFC | $627.1K | 7,834 | flat | 32q | HELD | |
| COLGATE PALMOLIVE CO | CL | $618.5K | 7,249 | -0.01pp | 32q | HELD | |
| NORFOLK SOUTHN CORP | NSC | $618.0K | 2,000 | flat | 32q | HELD | |
| GFL ENVIRONMENTAL INC | GFL | $608.2K | 14,520 | +0.05pp | 3q | +36.4%+$162.3K | |
| BP PLC | BP | $603.6K | 13,722 | +0.01pp | 32q | -7.1%-$46.2K | |
| DEERE CO | DE | $593.1K | 881 | +0.01pp | 9q | HELD | |
| ORACLE CORP | ORCL | $540.1K | 3,934 | -0.01pp | 25q | HELD | |
| VANGUARD TAX-MANAGED FDS | VEA | $525.6K | 7,444 | -0.01pp | 29q | -4.8%-$26.5K | |
| OTIS WORLDWIDE CORP | OTIS | $515.8K | 8,020 | -0.02pp | 26q | -5.2%-$28.3K | |
| COPART INC | CPRT | $514.1K | 18,845 | +0.03pp | 16q | +33.7%+$129.6K | |
| PNC FINL SVCS GROUP INC | PNC | $496.5K | 2,234 | -0.01pp | 32q | -1.3%-$6.7K | |
| CINTAS CORP | CTAS | $468.1K | 2,400 | +0.01pp | 24q | HELD | |
| SHERWIN WILLIAMS CO | SHW | $466.5K | 1,443 | -0.01pp | 20q | -1.0%-$4.8K | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $442.1K | 1,137 | flat | 32q | -1.4%-$6.2K | |
| CONSTELLATION BRANDS INC | STZ | $423.4K | 3,745 | +0.04pp | 2q | +109.8%+$221.6K | |
| APPLIED MATLS INC | AMAT | $393.8K | 770 | -0.04pp | 4q | HELD | |
| BLACK HILLS CORP | BKH | $384.4K | 5,485 | -0.01pp | 32q | HELD | |
| KIMBERLY CLARK CORP | KMB | $367.8K | 3,729 | -0.02pp | 32q | -10.8%-$44.4K | |
| ISHARES TR | IWP | $365.7K | 2,656 | -0.01pp | 15q | HELD | |
| CARLISLE COS INC | CSL | $357.6K | 1,110 | flat | 4q | +11.9%+$38.0K | |
| FIRST MERCHANTS CORP | FRME | $334.9K | 8,418 | -0.01pp | 32q | HELD | |
| VANGUARD INDEX FDS | VTI | $313.6K | 838 | +0.01pp | 11q | +10.6%+$29.9K | |
| ISHARES TR | IWM | $311.5K | 1,121 | -0.01pp | 6q | HELD | |
| AMGEN INC | AMGN | $307.7K | 730 | +0.01pp | 7q | HELD | |
| CONOCOPHILLIPS | COP | $304.9K | 2,436 | +0.01pp | 19q | HELD | |
| AT&T INC | T | $294.9K | 12,088 | flat | 32q | -8.8%-$28.5K | |
| ILLINOIS TOOL WKS INC | ITW | $286.5K | 1,106 | -0.02pp | 32q | -19.7%-$70.2K | |
| PHILLIPS 66 | PSX | $281.9K | 1,104 | - | new | NEW | |
| ISHARES TR | EEM | $278.0K | 4,163 | flat | 5q | -3.8%-$11.0K | |
| TEXAS INSTRS INC | TXN | $276.7K | 988 | flat | 2q | HELD | |
| HECLA MINING COMPANY | HL | $244.4K | 14,350 | +0.01pp | 6q | HELD | |
| ISHARES TR | IWS | $244.3K | 1,520 | flat | 2q | HELD | |
| NISOURCE INC | NI | $220.0K | 5,640 | -0.01pp | 7q | HELD | |
| UNION PAC CORP | UNP | $217.7K | 800 | flat | 2q | HELD | |
| MONDELEZ INTL INC | MDLZ | $203.9K | 3,500 | flat | 3q | HELD | |
| ISHARES TR | EFA | $201.3K | 1,938 | flat | 2q | HELD |
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 | $66.4M | 15.2% |
| Software & IT Services | $56.2M | 12.9% |
| Retail & Consumer | $48.1M | 11.0% |
| Computer Hardware | $38.3M | 8.8% |
| Semiconductors & Electronics | $33.5M | 7.7% |
| Banks & Lending | $26.1M | 6.0% |
| Insurance | $18.0M | 4.1% |
| Medical Devices | $17.9M | 4.1% |
| Food, Drink & Tobacco | $14.3M | 3.3% |
| Energy | $13.2M | 3.0% |
| Chemicals | $13.2M | 3.0% |
| Construction & Building | $10.6M | 2.4% |
| Other sectors | $59.9M | 13.7% |
| Not classified | $20.8M | 4.8% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +1.1% | +2.1% | -1.0% | 100% |
| Q2 2026 | +7.7% | +14.8% | -7.1% | 100% |
| Q1 2026 | +0.6% | -4.6% | +5.2% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.9% | 99% |
| Q3 2025 | +5.4% | +7.8% | -2.4% | 100% |
| Q2 2025 | +3.1% | +10.5% | -7.4% | 100% |
| Q1 2025 | -0.2% | -4.6% | +4.3% | 100% |
| Q4 2024 | -1.2% | +2.1% | -3.3% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $436.5M | 130 | 3 | 24 | 63 | 3 | 33.4% | 19 |
| Q2 2026 | $436.2M | 130 | 5 | 49 | 51 | 2 | 32.4% | 22 |
| Q1 2026 | $408.6M | 127 | 5 | 33 | 53 | 2 | 32.6% | 16 |
| Q4 2025 | $406.8M | 124 | 5 | 29 | 50 | 3 | 33.7% | 23 |
| Q3 2025 | $407.9M | 122 | 7 | 40 | 36 | 2 | 33.8% | 20 |
| Q2 2025 | $372.5M | 117 | 4 | 48 | 34 | 2 | 33.5% | 51 |
| Q1 2025 | $359.8M | 115 | 3 | 22 | 57 | 2 | 34.0% | 15 |
| Q4 2024 | $365.1M | 114 | 1 | 23 | 43 | 5 | 35.0% | 15 |
| Q3 2024 | $371.4M | 118 | 5 | 31 | 34 | 1 | 35.0% | 16 |
| Q2 2024 | $340.3M | 114 | 2 | 17 | 59 | 4 | 35.5% | 24 |
| Q1 2024 | $354.3M | 116 | 4 | 22 | 43 | 0 | 34.9% | 25 |
| Q4 2023 | $330.2M | 112 | 4 | 9 | 69 | 1 | 35.1% | 17 |
| Q3 2023 | $311.2M | 109 | 0 | 10 | 38 | 2 | 34.4% | 33 |
| Q2 2023 | $329.8M | 111 | 2 | 14 | 44 | 2 | 34.9% | 32 |
| Q1 2023 | $325.8M | 111 | 4 | 15 | 49 | 2 | 33.8% | 25 |
| Q4 2022 | $326.1M | 109 | 1 | 8 | 67 | 5 | 33.7% | 26 |
| Q3 2022 | $306.8M | 113 | 1 | 10 | 71 | 9 | 34.7% | 20 |
| Q2 2022 | $335.5M | 121 | 5 | 22 | 37 | 7 | 33.0% | 20 |
| Q1 2022 | $378.1M | 123 | 3 | 25 | 47 | 3 | 32.1% | 20 |
| Q4 2021 | $390.0M | 123 | 7 | 21 | 52 | 2 | 33.8% | 19 |
| Q3 2021 | $359.6M | 118 | 9 | 39 | 33 | 2 | 32.2% | 35 |
| Q2 2021 | $350.0M | 111 | 2 | 20 | 34 | 1 | 31.8% | 22 |
| Q1 2021 | $337.2M | 110 | 6 | 10 | 62 | 0 | 32.1% | 27 |
| Q4 2020 | $317.8M | 104 | 5 | 12 | 55 | 0 | 33.0% | 26 |
| Q3 2020 | $287.8M | 99 | 5 | 11 | 44 | 0 | 34.6% | 22 |
| Q2 2020 | $273.7M | 94 | 5 | 20 | 43 | 1 | 34.0% | 23 |
| Q1 2020 | $245.0M | 90 | 0 | 36 | 31 | 14 | 32.8% | 30 |
| Q4 2019 | $306.5M | 104 | 6 | 23 | 36 | 0 | 31.1% | 28 |
| Q3 2019 | $286.1M | 98 | 2 | 25 | 32 | 3 | 31.8% | 30 |
| Q2 2019 | $280.0M | 99 | 3 | 19 | 40 | 2 | 32.3% | 31 |
| Q1 2019 | $275.8M | 98 | 7 | 37 | 24 | 1 | 31.9% | 31 |
| Q4 2018 | $247.0M | 92 | 0 | 0 | 0 | 0 | 32.5% | 23 |
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.