CIK: 0000938759
Total reported value
$408.6M
Reporting period: 2026-03-31 · Number of holdings: 127
MONARCH CAPITAL MANAGEMENT INC disclosed 127 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $408.6M and a quarterly turnover rate of 11.7%.
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Monarch Capital Management INC's disclosed holdings carry a Herfindahl concentration index of 0.019 — mathematically equivalent to about 52 equally-sized positions, well below its 127 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.20), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
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 58% 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.
Trim MSFT
-0.4% -$5.6M
Add SGOV
+26.8% $2.7M
Add XOM
-3.3% $2.2M
Trim AAPL
-4.7% -$1.9M
Add PWR
-5.9% $1.8M
Add JNJ
-4.0% $1.7M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 4.35% | -1.38% | -0.44% | |
| 2 | AAPL | Apple INC | Stock-Tech | 3.71% | -0.48% | -4.71% | |
| 3 | WMT | Walmart INC | Stock-Consumer Staples | 3.59% | +0.14% | -6.48% | |
| 4 | MRK | Merck & Co. INC. | Stock-Healthcare | 3.57% | +0.37% | -1.88% | |
| 5 | JNJ | Johnson & Johnson | Stock-Healthcare | 3.50% | +0.40% | -3.95% | |
| 6 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 3.08% | +0.65% | +26.85% | |
| 7 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 2.88% | — | -2.89% | |
| 8 | HD | Home Depot INC | Stock-Consumer Disc | 2.66% | -0.15% | -0.55% | |
| 9 | KR | Kroger Co | Stock-Consumer Staples | 2.64% | +0.35% | +0.15% | |
| 10 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.64% | -0.32% | -2.23% | |
| 11 | ABBV | Abbvie INC | Stock-Healthcare | 2.60% | -0.19% | -1.65% | |
| 12 | CSCO | Cisco Systems INC | Stock-Tech | 2.54% | — | -1.83% | |
| 13 | PWR | Quanta Services INC | Stock-Industrials | 2.34% | +0.42% | -5.90% | |
| 14 | FELE | Franklin Electric Co INC | Stock-Industrials | 2.14% | -0.12% | -1.65% | |
| 15 | LKFN | Lakeland Financial CORP | Stock-Other | 2.08% | -0.07% | -3.59% | |
| 16 | XOM | Exxon Mobil CORP | Stock-Energy | 1.99% | +0.52% | -3.35% | |
| 17 | ADP | Automatic Data Processing | Stock-Tech | 1.85% | -0.39% | +4.64% | |
| 18 | EMR | Emerson Electric Co | Stock-Industrials | 1.81% | — | -1.13% | |
| 19 | KO | Coca-cola Co/the | Stock-Consumer Staples | 1.71% | +0.09% | -3.35% | |
| 20 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.62% | — | -0.86% | |
| 21 | USB | US Bancorp | Stock-Financials | 1.60% | -0.11% | -3.85% | |
| 22 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.48% | -0.18% | -1.86% | |
| 23 | AFL | Aflac INC | Stock-Financials | 1.47% | -0.07% | -3.67% | |
| 24 | GILD | Gilead Sciences INC | Stock-Healthcare | 1.37% | +0.06% | -7.86% | |
| 25 | ABT | Abbott Laboratories | Stock-Healthcare | 1.36% | -0.31% | -0.01% | |
| 26 | NEE | Nextera Energy INC | Stock-Utilities | 1.30% | +0.15% | -2.05% | |
| 27 | STLD | Steel Dynamics INC | Stock-Materials | 1.29% | — | -3.37% | |
| 28 | MDT | Medtronic plc | Stock-Healthcare | 1.27% | -0.13% | +1.22% | |
| 29 | SYK | Stryker CORP | Stock-Healthcare | 1.13% | -0.11% | -1.95% | |
| 30 | MMM | 3m Co | Stock-Industrials | 1.11% | -0.11% | +0.90% | |
| 31 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.10% | -0.13% | -2.26% | |
| 32 | CINF | Cincinnati Financial CORP | Stock-Financials | 1.05% | — | -1.54% | |
| 33 | FFIV | F5 INC | Stock-Tech | 1.02% | +0.11% | -0.32% | |
| 34 | APD | Air Products & Chemicals INC | Stock-Materials | 0.98% | +0.16% | +1.63% | |
| 35 | SYY | Sysco CORP | Stock-Consumer Staples | 0.95% | — | -2.20% | |
| 36 | GPC | Genuine Parts Co | Stock-Consumer Disc | 0.95% | -0.08% | +8.07% | |
| 37 | INTC | Intel CORP | Stock-Tech | 0.93% | +0.14% | -0.66% | |
| 38 | ACN | Accenture plc | Stock-Tech | 0.88% | -0.31% | +0.89% | |
| 39 | PFE | Pfizer INC | Stock-Healthcare | 0.86% | +0.09% | -0.79% | |
| 40 | ZBH | Zimmer Biomet Holdings INC | Stock-Healthcare | 0.83% | — | +0.89% | |
| 41 | FLS | Flowserve CORP | Stock-Industrials | 0.82% | — | -6.39% | |
| 42 | RTX | Rtx CORP | Stock-Industrials | 0.76% | — | -1.29% | |
| 43 | UPS | United Parcel Service-cl B | Stock-Industrials | 0.76% | — | +2.72% | |
| 44 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.68% | — | -0.86% | |
| 45 | CVX | Chevron CORP | Stock-Energy | 0.68% | +0.16% | -3.50% | |
| 46 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.65% | — | +0.04% | |
| 47 | VTIP | Vanguard Short-term Tips | ETF-Other | 0.65% | — | +1.64% | |
| 48 | CARR | Carrier Global CORP | Stock-Industrials | 0.65% | +0.07% | +4.67% | |
| 49 | FISV | Fiserv INC | Stock-Other | 0.62% | — | +10.19% | |
| 50 | CB | Chubb Limited | Stock-Financials | 0.61% | — | +2.22% |
Performance for Q3 2026
+3%
Performance Last 4 Quarters
+18%
Based on 72% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 127 | $408.6M | 12 | |
| 2025-12-31 | 124 | $406.8M | 12 | |
| 2025-09-30 | 122 | $407.9M | 18 | |
| 2025-06-30 | 117 | $372.5M | 0 | |
| 2025-03-31 | 115 | $359.8M | 100 | |
| 2024-12-31 | 114 | $365.1M | 0 | |
| 2024-09-30 | 118 | $371.4M | 0 | |
| 2024-06-30 | 114 | $340.3M | 0 | |
| 2024-03-31 | 116 | $354.3M | 0 | |
| 2023-12-31 | 112 | $330.2M | 0 | |
| 2023-09-30 | 109 | $311.2M | 0 | |
| 2023-06-30 | 111 | $329.8M | 0 | |
| 2023-03-31 | 111 | $325.8M | 0 | |
| 2022-12-31 | 109 | $326.1M | 0 | |
| 2022-09-30 | 113 | $306.8M | 0 | |
| 2022-06-30 | 121 | $335.5M | 0 | |
| 2022-03-31 | 123 | $378.1M | 0 | |
| 2021-12-31 | 123 | $390.0M | 0 | |
| 2021-09-30 | 118 | $359.6M | 0 | |
| 2021-06-30 | 111 | $350.0M | 98 | |
| 2021-03-31 | 110 | $337.2M | 9 | |
| 2020-12-31 | 104 | $317.8M | 12 | |
| 2020-09-30 | 99 | $287.8M | 11 | |
| 2020-06-30 | 94 | $273.7M | 16 | |
| 2020-03-31 | 90 | $245.0M | 25 | |
| 2019-12-31 | 104 | $306.5M | 38 | |
| 2019-09-30 | 98 | $286.1M | 8 | |
| 2019-06-30 | 99 | $280.0M | 7 | |
| 2019-03-31 | 98 | $275.8M | 12 | |
| 2018-12-31 | 92 | $247.0M | 15 | |
| 2018-09-30 | 97 | $276.3M | 8 | |
| 2018-06-30 | 93 | $260.8M | 7 | |
| 2018-03-31 | 91 | $259.9M | 8 | |
| 2017-12-31 | 91 | $268.8M | 7 | |
| 2017-09-30 | 92 | $268.2M | 6 | |
| 2017-06-30 | 94 | $264.2M | 9 | |
| 2017-03-31 | 96 | $273.3M | 8 | |
| 2016-12-31 | 97 | $267.9M | 9 | |
| 2016-09-30 | 100 | $264.0M | 11 | |
| 2016-06-30 | 99 | $268.6M | 11 | |
| 2016-03-31 | 100 | $277.5M | 10 | |
| 2015-12-31 | 98 | $260.5M | 8 | |
| 2015-09-30 | 98 | $245.5M | 12 | |
| 2015-06-30 | 102 | $261.8M | 6 | |
| 2015-03-31 | 107 | $264.6M | 12 | |
| 2014-12-31 | 101 | $264.1M | 15 | |
| 2014-09-30 | 99 | $250.5M | 8 | |
| 2014-06-30 | 92 | $258.9M | 7 | |
| 2014-03-31 | 87 | $252.9M | 9 | |
| 2013-12-31 | 86 | $255.0M | 7 | |
| 2013-09-30 | 86 | $238.5M | 6 | |
| 2013-06-30 | 86 | $232.1M | 0 |
Monarch Capital Management INC's most significant position changes for 2026-03-31: New buy: Rio Tinto Plc-spon Adr (RIO); New buy: Gfl Environmental Inc-sub Vt (GFL); Trim: Microsoft CORP (MSFT) — shares -0.44%; Add: Ishares 0-3 Month Treasury B (SGOV) — shares +26.85%; Trim: Exxon Mobil CORP (XOM) — shares -3.35%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SGOV | Ishares 0-3 Month Treasury B | +0.7% | +26.85% | Add |
| 2 | XOM | Exxon Mobil CORP | +0.5% | -3.35% | Trim |
| 3 | PWR | Quanta Services INC | +0.4% | -5.90% | Trim |
| 4 | JNJ | Johnson & Johnson | +0.4% | -3.95% | Trim |
| 5 | MRK | Merck & Co. INC. | +0.4% | -1.88% | Trim |
| 6 | KR | Kroger Co | +0.4% | +0.15% | Add |
| 7 | CVX | Chevron CORP | +0.2% | -3.50% | Trim |
| 8 | APD | Air Products & Chemicals INC | +0.2% | +1.63% | Add |
| 9 | NEE | Nextera Energy INC | +0.2% | -2.05% | Trim |
| 10 | WMT | Walmart INC | +0.1% | -6.48% | Trim |
| 11 | INTC | Intel CORP | +0.1% | -0.66% | Trim |
| 12 | CRM | Salesforce INC | +0.1% | +94.94% | Add |
| 13 | TGT | Target CORP | +0.1% | +3.99% | Add |
| 14 | FFIV | F5 INC | +0.1% | -0.32% | Trim |
| 15 | VZ | Verizon Communications INC | +0.1% | +0.86% | Add |
| 16 | LMT | Lockheed Martin CORP | +0.1% | +0.30% | Add |
| 17 | OKE | Oneok INC | +0.1% | +3.55% | Add |
| 18 | AMZN | Amazon.com INC | +0.1% | +74.80% | Add |
| 19 | PGR | Progressive CORP | +0.1% | +232.56% | Add |
| 20 | KO | Coca-cola Co/the | +0.1% | -3.35% | Trim |
| 21 | PFE | Pfizer INC | +0.1% | -0.79% | Trim |
| 22 | GEV | GE Vernova INC | +0.1% | -4.11% | Trim |
| 23 | ADM | Archer-daniels-midland Co | +0.1% | +0.05% | Add |
| 24 | CARR | Carrier Global CORP | +0.1% | +4.67% | Add |
| 25 | PLXS | Plexus CORP | +0.1% | -5.88% | Trim |
| 26 | GILD | Gilead Sciences INC | +0.1% | -7.86% | Trim |
| 27 | LKFN | Lakeland Financial CORP | -0.1% | -3.59% | Trim |
| 28 | AFL | Aflac INC | -0.1% | -3.67% | Trim |
| 29 | GPC | Genuine Parts Co | -0.1% | +8.07% | Add |
| 30 | EEFT | Euronet Worldwide INC | -0.1% | -4.02% | Trim |
| 31 | GE | General Electric | -0.1% | -9.10% | Trim |
| 32 | DG | Dollar General CORP | -0.1% | -4.62% | Trim |
| 33 | DIS | Walt Disney Co/the | -0.1% | +0.84% | Add |
| 34 | MMM | 3m Co | -0.1% | +0.90% | Add |
| 35 | SYK | Stryker CORP | -0.1% | -1.95% | Trim |
| 36 | USB | US Bancorp | -0.1% | -3.85% | Trim |
| 37 | FELE | Franklin Electric Co INC | -0.1% | -1.65% | Trim |
| 38 | GOOGL | Alphabet Inc-cl A | -0.1% | -2.26% | Trim |
| 39 | MDT | Medtronic plc | -0.1% | +1.22% | Add |
| 40 | HD | Home Depot INC | -0.2% | -0.55% | Trim |
| 41 | JPM | Jpmorgan Chase & Co | -0.2% | -1.86% | Trim |
| 42 | ABBV | Abbvie INC | -0.2% | -1.65% | Trim |
| 43 | ACN | Accenture plc | -0.3% | +0.89% | Add |
| 44 | ABT | Abbott Laboratories | -0.3% | -0.01% | Trim |
| 45 | GOOG | Alphabet Inc-cl C | -0.3% | -2.23% | Trim |
| 46 | ADP | Automatic Data Processing | -0.4% | +4.64% | Add |
| 47 | AAPL | Apple INC | -0.5% | -4.71% | Trim |
| 48 | MSFT | Microsoft CORP | -1.4% | -0.44% | Trim |
| 49 | RIO | Rio Tinto Plc-spon Adr | — | NEW | New buy |
| 50 | GFL | Gfl Environmental Inc-sub Vt | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-16 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-23 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-20 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-20 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-15 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-16 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-24 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-25 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-17 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-02 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-01 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-25 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-26 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-20 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-20 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-20 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-19 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-04 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-22 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-27 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-26 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-22 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-23 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-30 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-28 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-30 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-31 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-01 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-23 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-18 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-31 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-18 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-26 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-21 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-24 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-05 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-29 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-06-22 | Amendment | View on EDGAR |
| 2016-03-31 | 2016-06-21 | Amendment | View on EDGAR |
| 2016-03-31 | 2016-04-19 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-25 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-28 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-24 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-09 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-01-07 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-09 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-11 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-16 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-16 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-22 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-11 | 13F-HR | View on EDGAR |
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