GA
German American Bancorp, Inc. SEC 13F Holdings (Q2 2026) — Top Position: ISHARES MSCI ACWI EX US ETF
German American Bancorp, Inc.CIK: 0000714395
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$1.3B
Reporting period: 2026-06-30 · Number of holdings: 212
GERMAN AMERICAN BANCORP, INC. disclosed 212 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.3B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 15.81
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 65.28
- Diversification
- 100
- Sizing Uniformity
- 77.19
German American Bancorp, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.040 — mathematically equivalent to about 25 equally-sized positions, well below its 212 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.28), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 53% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MU
-26.8% $35.1M
Trim GVI
+6.2% $5.4M
Trim XOM
-12.4% -$3.9M
Add CAT
-1.4% $6.7M
Trim HON
-50.1% -$3.7M
Add AVGO
+12.9% $6.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 156 holdings (of 212 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ACWX | Ishares Msci Acwi Ex US ETF | ETF-Other | 10.16% | +0.28% | +5.90% | |
| 2 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 7.98% | -0.06% | +0.13% | |
| 3 | GVI | Ishares Intermediate Governm | ETF-Other | 7.51% | -0.62% | +6.25% | |
| 4 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 4.94% | +0.29% | +0.21% | |
| 5 | MU | Micron Technology Inc | Stock-Tech | 4.39% | +2.38% | -26.79% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 4.29% | +0.24% | -2.33% | |
| 7 | NVDA | Nvidia CORP | Stock-Tech | 4.03% | -0.01% | -0.59% | |
| 8 | AAPL | Apple Inc | Stock-Tech | 4.00% | -0.05% | -0.80% | |
| 9 | GABC | German American Bancorp | Stock-Other | 3.39% | -0.08% | -1.60% | |
| 10 | MSFT | Microsoft CORP | Stock-Tech | 3.25% | -0.30% | +3.94% | |
| 11 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 3.11% | -0.06% | -2.20% | |
| 12 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.65% | -0.05% | -1.98% | |
| 13 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 2.35% | -0.07% | -3.03% | |
| 14 | AVGO | Broadcom Inc | Stock-Tech | 1.83% | +0.31% | +12.90% | |
| 15 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.64% | -0.29% | -1.45% | |
| 16 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 1.63% | -0.24% | +0.86% | |
| 17 | CAT | Caterpillar Inc | Stock-Industrials | 1.54% | +0.35% | -1.40% | |
| 18 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.41% | -0.04% | +0.44% | |
| 19 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.38% | +0.19% | +1.95% | |
| 20 | MS | Morgan Stanley | Stock-Financials | 1.26% | +0.12% | -0.64% | |
| 21 | BAC | Bank Of America CORP | Stock-Financials | 1.09% | +0.01% | -0.36% | |
| 22 | MUB | Ishares National Muni Bond E | ETF-Other | 1.08% | -0.14% | +0.73% | |
| 23 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.05% | +0.06% | +15.93% | |
| 24 | MA | Mastercard Inc - A | Stock-Financials | 1.02% | -0.14% | -2.05% | |
| 25 | RTX | Rtx CORP | Stock-Industrials | 1.00% | -0.16% | +0.50% | |
| 26 | CSCO | Cisco Systems Inc | Stock-Tech | 0.98% | +0.23% | -0.34% | |
| 27 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.97% | -0.22% | -1.27% | |
| 28 | ORCL | Oracle CORP | Stock-Tech | 0.96% | -0.15% | -0.16% | |
| 29 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.94% | -0.10% | +0.06% | |
| 30 | BLK | Blackrock Inc | Stock-Financials | 0.81% | -0.13% | -0.63% | |
| 31 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.79% | -0.06% | -0.77% | |
| 32 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.76% | +0.19% | -0.44% | |
| 33 | GM | General Motors Co | Stock-Consumer Disc | 0.75% | -0.09% | -0.91% | |
| 34 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.75% | -0.10% | -0.72% | |
| 35 | XOM | Exxon Mobil CORP | Stock-Energy | 0.70% | -0.43% | -12.42% | |
| 36 | WMT | Walmart Inc | Stock-Consumer Staples | 0.64% | -0.15% | +2.78% | |
| 37 | MTB | M & T Bank CORP | Stock-Financials | 0.64% | — | -0.63% | |
| 38 | FDX | Fedex CORP | Stock-Industrials | 0.64% | -0.19% | -0.66% | |
| 39 | ABT | Abbott Laboratories | Stock-Healthcare | 0.58% | -0.19% | -3.47% | |
| 40 | ABBV | Abbvie Inc | Stock-Healthcare | 0.54% | +0.01% | -0.83% | |
| 41 | NOC | Northrop Grumman CORP | Stock-Industrials | 0.50% | -0.13% | +22.62% | |
| 42 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 0.42% | -0.04% | -2.50% | |
| 43 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.40% | -0.08% | +2.34% | |
| 44 | BA | Boeing Co/the | Stock-Industrials | 0.38% | -0.04% | -3.87% | |
| 45 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.37% | -0.07% | -5.41% | |
| 46 | SUB | Ishares Short-term National | ETF-Other | 0.35% | +0.01% | +19.28% | |
| 47 | SNPS | Synopsys Inc | Stock-Tech | 0.32% | -0.02% | -4.89% | |
| 48 | COP | Conocophillips | Stock-Energy | 0.31% | -0.27% | -21.86% | |
| 49 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.29% | -0.04% | -0.63% | |
| 50 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.28% | -0.02% | — |
1–50 of 156
Portfolio Performance
Performance for Q3 2026
+2.2%
Performance Last 4 Quarters
+25%
- Stdev
- +12%
- Beta
- +0.91
- Alpha
- +0.6%
- Max Drawdown
- -7.8%
- Annualized Perf
- +19.8%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +3.29
- Stutzer
- +0.46
- Treynor
- +0.21
- Sterling
- +1.27
- Calmar
- +2.53
- Information Ratio
- -0.42
- Tracking Error
- +2.7%
- Stdev Down
- +5.7%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +35.4%
- Worst 12 Months
- +4.7%
- Efficiency Ratio
- +0.64
- Sharpe
- +1.57
- Stdev Sectors
- +10.8%
- Skewness
- +0.01
- Kurtosis
- -0.29
- Upside Potential
- +4.9
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 212 | $1.3B | 0 | ||
| 2026 Q1 | 199 | $1.2B | 11 | ||
| 2025 Q4 | 176 | $1.2B | 9 | ||
| 2025 Q3 | 175 | $1.1B | 24 | ||
| 2025 Q2 | 177 | $1.0B | 0 | ||
| 2025 Q1 | 172 | $930.2M | 100 | ||
| 2024 Q4 | 172 | $955.0M | 0 | ||
| 2024 Q3 | 176 | $944.8M | 0 | ||
| 2024 Q2 | 177 | $870.7M | 0 | ||
| 2024 Q1 | 170 | $831.7M | 0 | ||
| 2023 Q4 | 168 | $758.9M | 0 | ||
| 2023 Q3 | 161 | $687.5M | 0 | ||
| 2023 Q2 | 167 | $710.7M | 0 | ||
| 2023 Q1 | 169 | $667.6M | 0 | ||
| 2022 Q4 | 169 | $631.8M | 0 | ||
| 2022 Q3 | 151 | $576.4M | 0 | ||
| 2022 Q2 | 150 | $593.4M | 0 | ||
| 2022 Q1 | 145 | $684.2M | 0 | ||
| 2021 Q4 | 148 | $713.6M | 0 | ||
| 2021 Q3 | 139 | $650.2M | 0 | ||
| 2021 Q2 | 138 | $635.0M | 100 | ||
| 2021 Q1 | 135 | $576.9M | 14 | ||
| 2020 Q4 | 137 | $507.4M | 23 | ||
| 2020 Q3 | 125 | $407.3M | 12 | ||
| 2020 Q2 | 113 | $377.9M | 21 | ||
| 2020 Q1 | 119 | $338.1M | 25 | ||
| 2019 Q4 | 138 | $409.1M | 12 | ||
| 2019 Q3 | 133 | $376.5M | 7 | ||
| 2019 Q2 | 128 | $366.1M | 10 | ||
| 2019 Q1 | 123 | $338.3M | 18 | ||
| 2018 Q4 | 131 | $299.8M | 21 | ||
| 2018 Q3 | 130 | $333.9M | 8 | ||
| 2018 Q2 | 131 | $318.5M | — |
Holding changes this quarter
German American Bancorp, Inc.'s most significant position changes for 2026-06-30: New buy: ; New buy: Analog Devices Inc (ADI); New buy: Marvell Technology Inc (MRVL); New buy: ; New buy: Ishares Core Msci Eafe ETF (IEFA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +2.4% | -26.79% | Trim |
| 2 | CAT | Caterpillar Inc | +0.4% | -1.40% | Trim |
| 3 | AVGO | Broadcom Inc | +0.3% | +12.90% | Add |
| 4 | IWM | Ishares Russell 2000 ETF | +0.3% | +0.21% | Add |
| 5 | ACWX | Ishares Msci Acwi Ex US ETF | +0.3% | +5.90% | Add |
| 6 | ✓ | +0.3% | NEW | New buy | |
| 7 | ADI | Analog Devices Inc | +0.3% | NEW | New buy |
| 8 | GOOGL | Alphabet Inc-cl A | +0.2% | -2.33% | Trim |
| 9 | CSCO | Cisco Systems Inc | +0.2% | -0.34% | Trim |
| 10 | LLY | Eli Lilly & Co | +0.2% | +1.95% | Add |
| 11 | UNH | Unitedhealth Group Inc | +0.2% | -0.44% | Trim |
| 12 | CRM | Salesforce Inc | +0.2% | +216.87% | Add |
| 13 | MRVL | Marvell Technology Inc | +0.2% | NEW | New buy |
| 14 | ✓ | +0.2% | NEW | New buy | |
| 15 | MS | Morgan Stanley | +0.1% | -0.64% | Trim |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +15.93% | Add |
| 17 | AMD | Advanced Micro Devices | +0.1% | -1.80% | Trim |
| 18 | IEFA | Ishares Core Msci Eafe ETF | +0.1% | NEW | New buy |
| 19 | INTC | Intel CORP | 0% | -14.77% | Trim |
| 20 | VOO | Vanguard S&p 500 ETF | 0% | NEW | New buy |
| 21 | IEMG | Ishares Core Msci Emerging | 0% | NEW | New buy |
| 22 | XLK | Ss Technology Select Sector | 0% | -6.19% | Trim |
| 23 | AMAT | Applied Materials Inc | 0% | +12.40% | Add |
| 24 | IJH | Ishares Core S&p Midcap ETF | 0% | NEW | New buy |
| 25 | VEA | Vanguard Ftse Developed ETF | 0% | NEW | New buy |
| 26 | QQQ | Invesco Qqq Trust Series 1 | 0% | +0.64% | Add |
| 27 | TXN | Texas Instruments Inc | 0% | +2.02% | Add |
| 28 | IJR | Ishares Core S&p Small-cap E | 0% | NEW | New buy |
| 29 | KLAC | Kla CORP | 0% | +793.62% | Add |
| 30 | SPYG | Ss Spdr P S&p 500 Growth ETF | 0% | NEW | New buy |
| 31 | WFC | Wells Fargo & Co | 0% | NEW | New buy |
| 32 | PANW | Palo Alto Networks Inc | 0% | NEW | New buy |
| 33 | VIRT | Virtu Financial Inc-class A | 0% | NEW | New buy |
| 34 | GEV | GE Vernova Inc | 0% | NEW | New buy |
| 35 | ✓ | Target CORP | 0% | NEW | New buy |
| 36 | FNDX | Schwab Fndmntl US Lrg Co ETF | 0% | NEW | New buy |
| 37 | KRE | Ss Spdr S&p Regional Bank | 0% | NEW | New buy |
| 38 | C | Citigroup Inc | 0% | NEW | New buy |
| 39 | SPYV | Ss Spdr P S&p 500 Value ETF | 0% | NEW | New buy |
| 40 | ETN | Eaton Corporation plc | 0% | NEW | New buy |
| 41 | BAC | Bank Of America CORP | 0% | -0.36% | Trim |
| 42 | ABBV | Abbvie Inc | 0% | -0.83% | Trim |
| 43 | SUB | Ishares Short-term National | 0% | +19.28% | Add |
| 44 | ASML | ASML Holding N.V. | 0% | +26.62% | Add |
| 45 | QCOM | Qualcomm Inc | 0% | +8.12% | Add |
| 46 | TSN | Tyson Foods Inc-cl A | 0% | +59.20% | Add |
| 47 | XLI | Ss Industrial Select Sector | 0% | +11.83% | Add |
| 48 | GE | General Electric | 0% | -3.94% | Trim |
| 49 | MTB | M & T Bank CORP | — | -0.63% | Trim |
| 50 | V | Visa Inc-class A Shares | — | +0.83% | Add |
1–50 of 169
Filing History
FAQ
What is German American Bancorp, Inc. and what type of investor is it?
German American Bancorp, Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.3B, spread across 212 disclosed positions.
What are German American Bancorp, Inc.'s largest equity positions?
Based on the latest 13F filing, German American Bancorp, Inc.'s top holdings by market value are:
1. Ishares Msci Acwi Ex US ETF (ACWX) — $135.2M (10.2%)
2. Ishares Russell Mid-cap ETF (IWR) — $106.2M (8.0%)
3. Ishares Intermediate Governm (GVI) — $99.9M (7.5%)
4. Ishares Russell 2000 ETF (IWM) — $65.7M (4.9%)
5. Micron Technology Inc (MU) — $58.4M (4.4%)
What changes did German American Bancorp, Inc. make in its most recent portfolio filing?
In the latest reported quarter, German American Bancorp, Inc. made 141 notable position adjustments: 21 new positions were initiated, 37 existing holdings were added to, 70 positions were partially reduced, and 13 were completely exited. The largest of these moves: New buy: ; New buy: Analog Devices Inc (ADI); New buy: Marvell Technology Inc (MRVL); New buy: ; New buy: Ishares Core Msci Eafe ETF (IEFA)
What sectors does German American Bancorp, Inc. focus on?
German American Bancorp, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 39.9%
• Financials: 12.5%
• Communication Services: 11.9%
• Health Care: 10.2%
• Industrials: 8.7%
• Consumer Discretionary: 7.8%
Investment Profile
German American Bancorp, Inc. returned an annualized 19.8% over the trailing 36 months — outperforming the S&P 500 by 0.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.91 (roughly in line with the market) and a 53% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 39.9% of the portfolio concentrated in Information Technology.
It has added to its MU position over the past two quarters (+$35.9M, now $58.4M), while trimming ORCL over the same stretch (-$3.9M, still holding $12.8M).
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