German American Bancorp, INC. Institutional Portfolio (13F)

Diversified strategyMomentum followerLong-term holder

Total reported value

$1.2B

Reporting period: 2026-03-31 · Number of holdings: 199

GERMAN AMERICAN BANCORP, INC. disclosed 199 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.2B and a quarterly turnover rate of 10.5%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "G"

Personality snowflake

Concentration: 15.51
Portfolio Stability: 10.5
Momentum/Contrarian: 100
Sector conviction: 54.21
Diversification: 100
Sizing Uniformity: 78.16

Recent moves

Trim MSFT
+2.8%　-$11.2M
Add ACWX
+4.1%　$6.7M
Trim GOOGL
-4.5%　-$6.6M
Trim IVV
-8.0%　-$5.2M
Add NOC
+89.7%　$4.1M
Trim NVDA
-1.8%　-$4.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 148 holdings (of 199 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	ACWX	Ishares Msci Acwi Ex US ETF	ETF-Other	9.88%	+0.66%	+4.07%
2	GVI	Ishares Intermediate Governm	ETF-Other	8.13%	+0.32%	+3.73%
3	IWR	Ishares Russell Mid-cap ETF	ETF-Other	8.04%	+0.18%	+0.26%
4	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	4.65%	+0.09%	+0.30%
5	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	4.05%	-0.52%	-4.46%
6	AAPL	Apple INC	Stock-Tech	4.05%	-0.26%	-0.32%
7	NVDA	Nvidia CORP	Stock-Tech	4.04%	-0.32%	-1.81%
8	MSFT	Microsoft CORP	Stock-Tech	3.55%	-0.92%	+2.84%
9	GABC	German American Bancorp	Stock-Other	3.47%	+0.29%	+1.32%
10	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	3.17%	-0.41%	-8.04%
11	AMZN	Amazon.com INC	Stock-Consumer Disc	2.71%	-0.24%	+1.06%
12	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	2.42%	-0.13%	-1.58%
13	MU	Micron Technology INC	Stock-Tech	2.01%	+0.09%	-12.48%
14	META	Meta Platforms Inc-class A	Stock-Comm Services	1.93%	-0.24%	+1.79%
15	XLU	St Sr Utl Sl Se Spdr Etf-usd	ETF-Other	1.87%	+0.25%	+6.53%
16	AVGO	Broadcom INC	Stock-Tech	1.52%	-0.10%	+4.09%
17	JPM	Jpmorgan Chase & Co	Stock-Financials	1.45%	-0.13%	-0.87%
18	MUB	Ishares National Muni Bond E	ETF-Other	1.22%	-0.05%	-3.99%
19	COST	Costco Wholesale CORP	Stock-Consumer Staples	1.19%	+0.17%	+0.56%
20	LLY	Eli Lilly & Co	Stock-Healthcare	1.19%	-0.17%	+0.96%
21	CAT	Caterpillar INC	Stock-Industrials	1.19%	+0.23%	-0.34%
22	MA	Mastercard INC - A	Stock-Financials	1.16%	-0.17%	-1.03%
23	RTX	Rtx CORP	Stock-Industrials	1.16%	+0.07%	-0.16%
24	MS	Morgan Stanley	Stock-Financials	1.14%	-0.08%	+0.11%
25	XOM	Exxon Mobil CORP	Stock-Energy	1.13%	+0.28%	-5.68%
26	ORCL	Oracle CORP	Stock-Tech	1.11%	-0.32%	+1.81%
27	BAC	Bank Of America CORP	Stock-Financials	1.07%	-0.12%	-0.05%
28	JNJ	Johnson & Johnson	Stock-Healthcare	1.04%	+0.18%	+1.39%
29	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.99%	—	+7.34%
30	BLK	Blackrock INC	Stock-Financials	0.94%	-0.09%	+0.84%
31	KO	Coca-cola Co/the	Stock-Consumer Staples	0.85%	+0.08%	-0.02%
32	PG	Procter & Gamble Co/the	Stock-Consumer Staples	0.85%	—	+2.71%
33	GM	General Motors Co	Stock-Consumer Disc	0.84%	-0.07%	+0.21%
34	FDX	Fedex CORP	Stock-Industrials	0.83%	+0.17%	+1.00%
35	WMT	Walmart INC	Stock-Consumer Staples	0.79%	+0.10%	+0.69%
36	ABT	Abbott Laboratories	Stock-Healthcare	0.77%	-0.17%	-0.20%
37	CSCO	Cisco Systems INC	Stock-Tech	0.75%	—	-0.14%
38	MTB	M & T Bank CORP	Stock-Financials	0.64%	—	+0.98%
39	NOC	Northrop Grumman CORP	Stock-Industrials	0.63%	+0.36%	+89.71%
40	HON	Honeywell International INC	Stock-Industrials	0.62%	+0.09%	+0.55%
41	COP	Conocophillips	Stock-Energy	0.58%	+0.15%	-6.04%
42	UNH	Unitedhealth Group INC	Stock-Healthcare	0.57%	-0.07%	+6.21%
43	ABBV	Abbvie INC	Stock-Healthcare	0.53%	—	-0.16%
44	TJX	Tjx Companies INC	Stock-Consumer Disc	0.48%	—	+1.29%
45	XLY	Ss Consumer Disc Select Sect	ETF-Other	0.46%	-0.06%	-4.62%
46	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	0.44%	-0.07%	+1.02%
47	BA	Boeing Co/the	Stock-Industrials	0.42%	—	+0.69%
48	PSX	Phillips 66	Stock-Energy	0.41%	+0.10%	-8.73%
49	SNPS	Synopsys INC	Stock-Tech	0.34%	—	+8.27%
50	PFE	Pfizer INC	Stock-Healthcare	0.34%	+0.07%	+9.63%

1–50 of 148

Portfolio Performance

Performance for Q3 2026

+5.2%

Performance Last 4 Quarters

+28.3%

Based on 78% of reported portfolio value with available pricing

Stdev: +12.4%
Beta: +0.92
Alpha: +1.3%
Max Drawdown: -7.5%
Annualized Perf: +18.9%
Batting Avg vs S&P: +58.3%
Sortino: +3.22
Stutzer: +0.44
Treynor: +0.2
Sterling: +1.17
Calmar: +2.53
Information Ratio: -0.07
Tracking Error: +3.4%
Stdev Down: +5.6%
Winning Months %: +63.9%
Losing Months %: +36.1%
Best 12 Months: +40.1%
Worst 12 Months: +6.4%
Efficiency Ratio: +0.6
Sharpe: +1.47
Stdev Sectors: +9%
Skewness: +0.2
Kurtosis: -0.27
Upside Potential: +4.96

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	199	$1.2B	11	1ACWX 2GVI 3IWR Top holdings2026-03-31 1.ACWX 2.GVI 3.IWR 4.IWM 5.GOOGL 6.AAPL 7.NVDA 8.MSFT 9.GABC 10.IVV
2025-12-31	176	$1.2B	9	1ACWX 2IWR 3GVI Top holdings2025-12-31 1.ACWX 2.IWR 3.GVI 4.GOOGL 5.IWM 6.MSFT 7.NVDA 8.AAPL 9.IVV 10.GABC
2025-09-30	175	$1.1B	24	1ACWX 2IWR 3GVI Top holdings2025-09-30 1.ACWX 2.IWR 3.GVI 4.MSFT 5.IWM 6.NVDA 7.AAPL 8.GOOGL 9.IVV 10.AMZN
2025-06-30	177	$1.0B	0	1ACWX 2GVI 3IWR Top holdings2025-06-30 1.ACWX 2.GVI 3.IWR 4.MSFT 5.IWM 6.NVDA 7.AAPL 8.IVV 9.AMZN 10.GOOGL
2025-03-31	172	$930.2M	100	1GVI 2ACWX 3IWR Top holdings2025-03-31 1.GVI 2.ACWX 3.IWR 4.IWM 5.AAPL 6.MSFT 7.IVV 8.NVDA 9.GOOGL 10.AMZN
2024-12-31	172	$955.0M	0	1GVI 2IWR 3ACWX Top holdings2024-12-31 1.GVI 2.IWR 3.ACWX 4.AAPL 5.IWM 6.MSFT 7.GOOGL 8.NVDA 9.IVV 10.SPY
2024-09-30	176	$944.8M	0	1ACWX 2GVI 3IWR Top holdings2024-09-30 1.ACWX 2.GVI 3.IWR 4.IWM 5.MSFT 6.AAPL 7.GOOGL 8.NVDA 9.IVV 10.SPY
2024-06-30	177	$870.7M	0	1GVI 2ACWX 3IWR Top holdings2024-06-30 1.GVI 2.ACWX 3.IWR 4.MSFT 5.IWM 6.AAPL 7.GOOGL 8.IWD 9.NVDA 10.SPY
2024-03-31	170	$831.7M	0	1ACWX 2GVI 3IWR Top holdings2024-03-31 1.ACWX 2.GVI 3.IWR 4.SPY 5.MSFT 6.IWM 7.IWD 8.AAPL 9.GOOGL 10.NVDA
2023-12-31	168	$758.9M	0	1GVI 2ACWX 3IWR Top holdings2023-12-31 1.GVI 2.ACWX 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.IWD 9.GOOGL 10.UNH
2023-09-30	161	$687.5M	0	1GVI 2ACWX 3IWR Top holdings2023-09-30 1.GVI 2.ACWX 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.IWD 9.GOOGL 10.UNH
2023-06-30	167	$710.7M	0	1ACWX 2GVI 3IWR Top holdings2023-06-30 1.ACWX 2.GVI 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.IWD 9.GOOGL 10.HYG
2023-03-31	169	$667.6M	0	1ACWX 2GVI 3IWR Top holdings2023-03-31 1.ACWX 2.GVI 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.IWD 9.GOOGL 10.HYG
2022-12-31	169	$631.8M	0	1IWR 2ACWX 3SPY Top holdings2022-12-31 1.IWR 2.ACWX 3.SPY 4.GVI 5.IWM 6.IWD 7.AAPL 8.MSFT 9.UNH 10.GOOGL
2022-09-30	151	$576.4M	0	1GVI 2IWR 3ACWX Top holdings2022-09-30 1.GVI 2.IWR 3.ACWX 4.SPY 5.AAPL 6.IWM 7.MSFT 8.IWD 9.GOOGL 10.UNH
2022-06-30	150	$593.4M	0	1SPY 2GVI 3IWR Top holdings2022-06-30 1.SPY 2.GVI 3.IWR 4.ACWX 5.AAPL 6.IWM 7.MSFT 8.GOOGL 9.IWD 10.UNH
2022-03-31	145	$684.2M	0	1IWR 2GVI 3ACWX Top holdings2022-03-31 1.IWR 2.GVI 3.ACWX 4.SPY 5.AAPL 6.IWM 7.MSFT 8.GOOGL 9.AMZN 10.HYG
2021-12-31	148	$713.6M	0	1IWR 2ACWX 3GVI Top holdings2021-12-31 1.IWR 2.ACWX 3.GVI 4.SPY 5.AAPL 6.IWM 7.MSFT 8.GOOGL 9.AMZN 10.HYG
2021-09-30	139	$650.2M	0	1IWR 2ACWX 3GVI Top holdings2021-09-30 1.IWR 2.ACWX 3.GVI 4.SPY 5.IWM 6.AAPL 7.MSFT 8.GOOGL 9.AMZN 10.HYG
2021-06-30	138	$635.0M	100	1IWR 2ACWX 3GVI Top holdings2021-06-30 1.IWR 2.ACWX 3.GVI 4.SPY 5.IWM 6.AAPL 7.MSFT 8.AMZN 9.GOOGL 10.HYG
2021-03-31	135	$576.9M	14	1IWR 2ACWX 3GVI Top holdings2021-03-31 1.IWR 2.ACWX 3.GVI 4.SPY 5.IWM 6.AAPL 7.MSFT 8.AMZN 9.GOOGL 10.HYG
2020-12-31	137	$507.4M	23	1GVI 2IWR 3ACWX Top holdings2020-12-31 1.GVI 2.IWR 3.ACWX 4.SPY 5.IWM 6.AAPL 7.MSFT 8.AMZN 9.GOOGL 10.HYG
2020-09-30	125	$407.3M	12	1GVI 2ACWX 3IWR Top holdings2020-09-30 1.GVI 2.ACWX 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.AMZN 9.HYG 10.GOOGL
2020-06-30	113	$377.9M	21	1GVI 2ACWX 3IWR Top holdings2020-06-30 1.GVI 2.ACWX 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.AMZN 9.HYG 10.GOOGL
2020-03-31	119	$338.1M	25	1GVI 2SPY 3ACWX Top holdings2020-03-31 1.GVI 2.SPY 3.ACWX 4.IWR 5.MSFT 6.AAPL 7.IWM 8.HYG 9.AMZN 10.GOOGL
2019-12-31	138	$409.1M	12	1GVI 2ACWX 3IWR Top holdings2019-12-31 1.GVI 2.ACWX 3.IWR 4.SPY 5.IWM 6.AAPL 7.MSFT 8.HYG 9.GOOGL 10.JPM
2019-09-30	133	$376.5M	7	1GVI 2ACWX 3IWR Top holdings2019-09-30 1.GVI 2.ACWX 3.IWR 4.SPY 5.IWM 6.MSFT 7.AAPL 8.HYG 9.GOOGL 10.JPM
2019-06-30	128	$366.1M	10	1ACWX 2IWR 3GVI Top holdings2019-06-30 1.ACWX 2.IWR 3.GVI 4.SPY 5.IWM 6.MSFT 7.AAPL 8.HYG 9.AMZN 10.GOOGL
2019-03-31	123	$338.3M	18	1ACWX 2GVI 3IWR Top holdings2019-03-31 1.ACWX 2.GVI 3.IWR 4.SPY 5.IWM 6.MSFT 7.AAPL 8.HYG 9.GOOGL 10.AMZN
2018-12-31	131	$299.8M	21	1GVI 2ACWX 3SPY Top holdings2018-12-31 1.GVI 2.ACWX 3.SPY 4.IWR 5.IWM 6.MSFT 7.AAPL 8.HYG 9.GOOGL 10.AMZN
2018-09-30	130	$333.9M	8	1ACWX 2GVI 3IWR Top holdings2018-09-30 1.ACWX 2.GVI 3.IWR 4.SPY 5.IWM 6.AAPL 7.HYG 8.AMZN 9.GOOGL 10.JPM
2018-06-30	131	$318.5M	—	1ACWX 2GVI 3IWR Top holdings2018-06-30 1.ACWX 2.GVI 3.IWR 4.SPY 5.IWM 6.AAPL 7.HYG 8.GOOGL 9.AMZN 10.JPM

Holding changes this quarter

German American Bancorp, INC.'s most significant position changes for 2026-03-31: New buy: Vanguard Total Stock Mkt ETF (VTI); New buy: Salesforce INC (CRM); New buy: Advanced Micro Devices (AMD); Sold out: Tesla INC (TSLA); Add: Microsoft CORP (MSFT) — shares +2.84%.

Position changes disclosed by German American Bancorp, INC. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ACWX	Ishares Msci Acwi Ex US ETF	+0.7%	+4.07%	Add
2	NOC	Northrop Grumman CORP	+0.4%	+89.71%	Add
3	GVI	Ishares Intermediate Governm	+0.3%	+3.73%	Add
4	GABC	German American Bancorp	+0.3%	+1.32%	Add
5	XOM	Exxon Mobil CORP	+0.3%	-5.68%	Trim
6	XLU	St Sr Utl Sl Se Spdr Etf-usd	+0.3%	+6.53%	Add
7	CAT	Caterpillar INC	+0.2%	-0.34%	Trim
8	JNJ	Johnson & Johnson	+0.2%	+1.39%	Add
9	IWR	Ishares Russell Mid-cap ETF	+0.2%	+0.26%	Add
10	COST	Costco Wholesale CORP	+0.2%	+0.56%	Add
11	FDX	Fedex CORP	+0.2%	+1.00%	Add
12	COP	Conocophillips	+0.2%	-6.04%	Trim
13	PSX	Phillips 66	+0.1%	-8.73%	Trim
14	WMT	Walmart INC	+0.1%	+0.69%	Add
15	HON	Honeywell International INC	+0.1%	+0.55%	Add
16	MU	Micron Technology INC	+0.1%	-12.48%	Trim
17	IWM	Ishares Russell 2000 ETF	+0.1%	+0.30%	Add
18	AMGN	Amgen INC	+0.1%	+142.89%	Add
19	KO	Coca-cola Co/the	+0.1%	-0.02%	Trim
20	PFE	Pfizer INC	+0.1%	+9.63%	Add
21	RTX	Rtx CORP	+0.1%	-0.16%	Trim
22	QQQ	Invesco Qqq Trust Series 1	0%	-16.08%	Trim
23	MUB	Ishares National Muni Bond E	-0.1%	-3.99%	Trim
24	DIS	Walt Disney Co/the	-0.1%	+1.03%	Add
25	XLY	Ss Consumer Disc Select Sect	-0.1%	-4.62%	Trim
26	DHR	Danaher CORP	-0.1%	+0.88%	Add
27	UNH	Unitedhealth Group INC	-0.1%	+6.21%	Add
28	GM	General Motors Co	-0.1%	+0.21%	Add
29	TMO	Thermo Fisher Scientific INC	-0.1%	+1.02%	Add
30	MS	Morgan Stanley	-0.1%	+0.11%	Add
31	BLK	Blackrock INC	-0.1%	+0.84%	Add
32	AVGO	Broadcom INC	-0.1%	+4.09%	Add
33	BAC	Bank Of America CORP	-0.1%	-0.05%	Trim
34	SPY	Ss Spdr S&p 500 ETF Trust-us	-0.1%	-1.58%	Trim
35	JPM	Jpmorgan Chase & Co	-0.1%	-0.87%	Trim
36	LLY	Eli Lilly & Co	-0.2%	+0.96%	Add
37	MA	Mastercard INC - A	-0.2%	-1.03%	Trim
38	ABT	Abbott Laboratories	-0.2%	-0.20%	Trim
39	AMZN	Amazon.com INC	-0.2%	+1.06%	Add
40	META	Meta Platforms Inc-class A	-0.2%	+1.79%	Add
41	AAPL	Apple INC	-0.3%	-0.32%	Trim
42	NVDA	Nvidia CORP	-0.3%	-1.81%	Trim
43	ORCL	Oracle CORP	-0.3%	+1.81%	Add
44	IVV	Ishares Core S&p 500 ETF	-0.4%	-8.04%	Trim
45	GOOGL	Alphabet Inc-cl A	-0.5%	-4.46%	Trim
46	MSFT	Microsoft CORP	-0.9%	+2.84%	Add
47	VTI	Vanguard Total Stock Mkt ETF	—	NEW	New buy
48	CRM	Salesforce INC	—	NEW	New buy
49	AMD	Advanced Micro Devices	—	NEW	New buy
50	TSLA	Tesla INC	—	EXIT	Sold out

FAQ

What is German American Bancorp, INC. and what type of investor is it?

German American Bancorp, INC. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.2B, spread across 199 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) — $114.9M (9.9%) 2. Ishares Intermediate Governm (GVI) — $94.6M (8.1%) 3. Ishares Russell Mid-cap ETF (IWR) — $93.5M (8.0%) 4. Ishares Russell 2000 ETF (IWM) — $54.1M (4.7%) 5. Alphabet Inc-cl A (GOOGL) — $47.1M (4.0%)

What changes did German American Bancorp, INC. make in its most recent portfolio filing?

In the latest reported quarter, German American Bancorp, INC. made 50 notable position adjustments: 3 new positions were initiated, 27 existing holdings were added to, 19 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Vanguard Total Stock Mkt ETF (VTI); New buy: Salesforce INC (CRM); New buy: Advanced Micro Devices (AMD); Sold out: Tesla INC (TSLA); Add: Microsoft CORP (MSFT) — shares +2.84%

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: 33.4% • Financials: 14.4% • Communication Services: 11.9% • Health Care: 10.5% • Industrials: 9.5% • Consumer Discretionary: 8.4%

Peer Institutions

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Portfolio Stability53.9

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American Family Insurance Mutual Holding Co

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Total reported value

$1.2B

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Doyle Wealth Management

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Similar Holdings Style

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2 of the top 5 holdings overlap, including Ishares Russell 2000 ETF

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Ferguson Wellman Capital Management, INC

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Total reported value

$7.3B

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2 of the top 5 holdings overlap, including Ishares Msci Acwi Ex US ETF

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D L Carlson Investment Group INC

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Total reported value

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2 of the top 5 holdings overlap, including Ishares Intermediate Governm

View detail

German American Bancorp, INC. Institutional Portfolio (13F)

Diversified strategyMomentum followerLong-term holder

Total reported value

$1.2B

Reporting period: 2026-03-31 · Number of holdings: 199

GERMAN AMERICAN BANCORP, INC. disclosed 199 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.2B and a quarterly turnover rate of 10.5%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "G"

Personality snowflake

Concentration: 15.51
Portfolio Stability: 10.5
Momentum/Contrarian: 100
Sector conviction: 54.21
Diversification: 100
Sizing Uniformity: 78.16

Recent moves

Trim MSFT
+2.8%　-$11.2M
Add ACWX
+4.1%　$6.7M
Trim GOOGL
-4.5%　-$6.6M
Trim IVV
-8.0%　-$5.2M
Add NOC
+89.7%　$4.1M
Trim NVDA
-1.8%　-$4.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 148 holdings (of 199 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	ACWX	Ishares Msci Acwi Ex US ETF	ETF-Other	9.88%	+0.66%	+4.07%
2	GVI	Ishares Intermediate Governm	ETF-Other	8.13%	+0.32%	+3.73%
3	IWR	Ishares Russell Mid-cap ETF	ETF-Other	8.04%	+0.18%	+0.26%
4	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	4.65%	+0.09%	+0.30%
5	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	4.05%	-0.52%	-4.46%
6	AAPL	Apple INC	Stock-Tech	4.05%	-0.26%	-0.32%
7	NVDA	Nvidia CORP	Stock-Tech	4.04%	-0.32%	-1.81%
8	MSFT	Microsoft CORP	Stock-Tech	3.55%	-0.92%	+2.84%
9	GABC	German American Bancorp	Stock-Other	3.47%	+0.29%	+1.32%
10	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	3.17%	-0.41%	-8.04%
11	AMZN	Amazon.com INC	Stock-Consumer Disc	2.71%	-0.24%	+1.06%
12	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	2.42%	-0.13%	-1.58%
13	MU	Micron Technology INC	Stock-Tech	2.01%	+0.09%	-12.48%
14	META	Meta Platforms Inc-class A	Stock-Comm Services	1.93%	-0.24%	+1.79%
15	XLU	St Sr Utl Sl Se Spdr Etf-usd	ETF-Other	1.87%	+0.25%	+6.53%
16	AVGO	Broadcom INC	Stock-Tech	1.52%	-0.10%	+4.09%
17	JPM	Jpmorgan Chase & Co	Stock-Financials	1.45%	-0.13%	-0.87%
18	MUB	Ishares National Muni Bond E	ETF-Other	1.22%	-0.05%	-3.99%
19	COST	Costco Wholesale CORP	Stock-Consumer Staples	1.19%	+0.17%	+0.56%
20	LLY	Eli Lilly & Co	Stock-Healthcare	1.19%	-0.17%	+0.96%
21	CAT	Caterpillar INC	Stock-Industrials	1.19%	+0.23%	-0.34%
22	MA	Mastercard INC - A	Stock-Financials	1.16%	-0.17%	-1.03%
23	RTX	Rtx CORP	Stock-Industrials	1.16%	+0.07%	-0.16%
24	MS	Morgan Stanley	Stock-Financials	1.14%	-0.08%	+0.11%
25	XOM	Exxon Mobil CORP	Stock-Energy	1.13%	+0.28%	-5.68%
26	ORCL	Oracle CORP	Stock-Tech	1.11%	-0.32%	+1.81%
27	BAC	Bank Of America CORP	Stock-Financials	1.07%	-0.12%	-0.05%
28	JNJ	Johnson & Johnson	Stock-Healthcare	1.04%	+0.18%	+1.39%
29	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.99%	—	+7.34%
30	BLK	Blackrock INC	Stock-Financials	0.94%	-0.09%	+0.84%
31	KO	Coca-cola Co/the	Stock-Consumer Staples	0.85%	+0.08%	-0.02%
32	PG	Procter & Gamble Co/the	Stock-Consumer Staples	0.85%	—	+2.71%
33	GM	General Motors Co	Stock-Consumer Disc	0.84%	-0.07%	+0.21%
34	FDX	Fedex CORP	Stock-Industrials	0.83%	+0.17%	+1.00%
35	WMT	Walmart INC	Stock-Consumer Staples	0.79%	+0.10%	+0.69%
36	ABT	Abbott Laboratories	Stock-Healthcare	0.77%	-0.17%	-0.20%
37	CSCO	Cisco Systems INC	Stock-Tech	0.75%	—	-0.14%
38	MTB	M & T Bank CORP	Stock-Financials	0.64%	—	+0.98%
39	NOC	Northrop Grumman CORP	Stock-Industrials	0.63%	+0.36%	+89.71%
40	HON	Honeywell International INC	Stock-Industrials	0.62%	+0.09%	+0.55%
41	COP	Conocophillips	Stock-Energy	0.58%	+0.15%	-6.04%
42	UNH	Unitedhealth Group INC	Stock-Healthcare	0.57%	-0.07%	+6.21%
43	ABBV	Abbvie INC	Stock-Healthcare	0.53%	—	-0.16%
44	TJX	Tjx Companies INC	Stock-Consumer Disc	0.48%	—	+1.29%
45	XLY	Ss Consumer Disc Select Sect	ETF-Other	0.46%	-0.06%	-4.62%
46	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	0.44%	-0.07%	+1.02%
47	BA	Boeing Co/the	Stock-Industrials	0.42%	—	+0.69%
48	PSX	Phillips 66	Stock-Energy	0.41%	+0.10%	-8.73%
49	SNPS	Synopsys INC	Stock-Tech	0.34%	—	+8.27%
50	PFE	Pfizer INC	Stock-Healthcare	0.34%	+0.07%	+9.63%

1–50 of 148

Portfolio Performance

Performance for Q3 2026

+5.2%

Performance Last 4 Quarters

+28.3%

Based on 78% of reported portfolio value with available pricing

Stdev: +12.4%
Beta: +0.92
Alpha: +1.3%
Max Drawdown: -7.5%
Annualized Perf: +18.9%
Batting Avg vs S&P: +58.3%
Sortino: +3.22
Stutzer: +0.44
Treynor: +0.2
Sterling: +1.17
Calmar: +2.53
Information Ratio: -0.07
Tracking Error: +3.4%
Stdev Down: +5.6%
Winning Months %: +63.9%
Losing Months %: +36.1%
Best 12 Months: +40.1%
Worst 12 Months: +6.4%
Efficiency Ratio: +0.6
Sharpe: +1.47
Stdev Sectors: +9%
Skewness: +0.2
Kurtosis: -0.27
Upside Potential: +4.96

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	199	$1.2B	11	1ACWX 2GVI 3IWR Top holdings2026-03-31 1.ACWX 2.GVI 3.IWR 4.IWM 5.GOOGL 6.AAPL 7.NVDA 8.MSFT 9.GABC 10.IVV
2025-12-31	176	$1.2B	9	1ACWX 2IWR 3GVI Top holdings2025-12-31 1.ACWX 2.IWR 3.GVI 4.GOOGL 5.IWM 6.MSFT 7.NVDA 8.AAPL 9.IVV 10.GABC
2025-09-30	175	$1.1B	24	1ACWX 2IWR 3GVI Top holdings2025-09-30 1.ACWX 2.IWR 3.GVI 4.MSFT 5.IWM 6.NVDA 7.AAPL 8.GOOGL 9.IVV 10.AMZN
2025-06-30	177	$1.0B	0	1ACWX 2GVI 3IWR Top holdings2025-06-30 1.ACWX 2.GVI 3.IWR 4.MSFT 5.IWM 6.NVDA 7.AAPL 8.IVV 9.AMZN 10.GOOGL
2025-03-31	172	$930.2M	100	1GVI 2ACWX 3IWR Top holdings2025-03-31 1.GVI 2.ACWX 3.IWR 4.IWM 5.AAPL 6.MSFT 7.IVV 8.NVDA 9.GOOGL 10.AMZN
2024-12-31	172	$955.0M	0	1GVI 2IWR 3ACWX Top holdings2024-12-31 1.GVI 2.IWR 3.ACWX 4.AAPL 5.IWM 6.MSFT 7.GOOGL 8.NVDA 9.IVV 10.SPY
2024-09-30	176	$944.8M	0	1ACWX 2GVI 3IWR Top holdings2024-09-30 1.ACWX 2.GVI 3.IWR 4.IWM 5.MSFT 6.AAPL 7.GOOGL 8.NVDA 9.IVV 10.SPY
2024-06-30	177	$870.7M	0	1GVI 2ACWX 3IWR Top holdings2024-06-30 1.GVI 2.ACWX 3.IWR 4.MSFT 5.IWM 6.AAPL 7.GOOGL 8.IWD 9.NVDA 10.SPY
2024-03-31	170	$831.7M	0	1ACWX 2GVI 3IWR Top holdings2024-03-31 1.ACWX 2.GVI 3.IWR 4.SPY 5.MSFT 6.IWM 7.IWD 8.AAPL 9.GOOGL 10.NVDA
2023-12-31	168	$758.9M	0	1GVI 2ACWX 3IWR Top holdings2023-12-31 1.GVI 2.ACWX 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.IWD 9.GOOGL 10.UNH
2023-09-30	161	$687.5M	0	1GVI 2ACWX 3IWR Top holdings2023-09-30 1.GVI 2.ACWX 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.IWD 9.GOOGL 10.UNH
2023-06-30	167	$710.7M	0	1ACWX 2GVI 3IWR Top holdings2023-06-30 1.ACWX 2.GVI 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.IWD 9.GOOGL 10.HYG
2023-03-31	169	$667.6M	0	1ACWX 2GVI 3IWR Top holdings2023-03-31 1.ACWX 2.GVI 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.IWD 9.GOOGL 10.HYG
2022-12-31	169	$631.8M	0	1IWR 2ACWX 3SPY Top holdings2022-12-31 1.IWR 2.ACWX 3.SPY 4.GVI 5.IWM 6.IWD 7.AAPL 8.MSFT 9.UNH 10.GOOGL
2022-09-30	151	$576.4M	0	1GVI 2IWR 3ACWX Top holdings2022-09-30 1.GVI 2.IWR 3.ACWX 4.SPY 5.AAPL 6.IWM 7.MSFT 8.IWD 9.GOOGL 10.UNH
2022-06-30	150	$593.4M	0	1SPY 2GVI 3IWR Top holdings2022-06-30 1.SPY 2.GVI 3.IWR 4.ACWX 5.AAPL 6.IWM 7.MSFT 8.GOOGL 9.IWD 10.UNH
2022-03-31	145	$684.2M	0	1IWR 2GVI 3ACWX Top holdings2022-03-31 1.IWR 2.GVI 3.ACWX 4.SPY 5.AAPL 6.IWM 7.MSFT 8.GOOGL 9.AMZN 10.HYG
2021-12-31	148	$713.6M	0	1IWR 2ACWX 3GVI Top holdings2021-12-31 1.IWR 2.ACWX 3.GVI 4.SPY 5.AAPL 6.IWM 7.MSFT 8.GOOGL 9.AMZN 10.HYG
2021-09-30	139	$650.2M	0	1IWR 2ACWX 3GVI Top holdings2021-09-30 1.IWR 2.ACWX 3.GVI 4.SPY 5.IWM 6.AAPL 7.MSFT 8.GOOGL 9.AMZN 10.HYG
2021-06-30	138	$635.0M	100	1IWR 2ACWX 3GVI Top holdings2021-06-30 1.IWR 2.ACWX 3.GVI 4.SPY 5.IWM 6.AAPL 7.MSFT 8.AMZN 9.GOOGL 10.HYG
2021-03-31	135	$576.9M	14	1IWR 2ACWX 3GVI Top holdings2021-03-31 1.IWR 2.ACWX 3.GVI 4.SPY 5.IWM 6.AAPL 7.MSFT 8.AMZN 9.GOOGL 10.HYG
2020-12-31	137	$507.4M	23	1GVI 2IWR 3ACWX Top holdings2020-12-31 1.GVI 2.IWR 3.ACWX 4.SPY 5.IWM 6.AAPL 7.MSFT 8.AMZN 9.GOOGL 10.HYG
2020-09-30	125	$407.3M	12	1GVI 2ACWX 3IWR Top holdings2020-09-30 1.GVI 2.ACWX 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.AMZN 9.HYG 10.GOOGL
2020-06-30	113	$377.9M	21	1GVI 2ACWX 3IWR Top holdings2020-06-30 1.GVI 2.ACWX 3.IWR 4.SPY 5.AAPL 6.IWM 7.MSFT 8.AMZN 9.HYG 10.GOOGL
2020-03-31	119	$338.1M	25	1GVI 2SPY 3ACWX Top holdings2020-03-31 1.GVI 2.SPY 3.ACWX 4.IWR 5.MSFT 6.AAPL 7.IWM 8.HYG 9.AMZN 10.GOOGL
2019-12-31	138	$409.1M	12	1GVI 2ACWX 3IWR Top holdings2019-12-31 1.GVI 2.ACWX 3.IWR 4.SPY 5.IWM 6.AAPL 7.MSFT 8.HYG 9.GOOGL 10.JPM
2019-09-30	133	$376.5M	7	1GVI 2ACWX 3IWR Top holdings2019-09-30 1.GVI 2.ACWX 3.IWR 4.SPY 5.IWM 6.MSFT 7.AAPL 8.HYG 9.GOOGL 10.JPM
2019-06-30	128	$366.1M	10	1ACWX 2IWR 3GVI Top holdings2019-06-30 1.ACWX 2.IWR 3.GVI 4.SPY 5.IWM 6.MSFT 7.AAPL 8.HYG 9.AMZN 10.GOOGL
2019-03-31	123	$338.3M	18	1ACWX 2GVI 3IWR Top holdings2019-03-31 1.ACWX 2.GVI 3.IWR 4.SPY 5.IWM 6.MSFT 7.AAPL 8.HYG 9.GOOGL 10.AMZN
2018-12-31	131	$299.8M	21	1GVI 2ACWX 3SPY Top holdings2018-12-31 1.GVI 2.ACWX 3.SPY 4.IWR 5.IWM 6.MSFT 7.AAPL 8.HYG 9.GOOGL 10.AMZN
2018-09-30	130	$333.9M	8	1ACWX 2GVI 3IWR Top holdings2018-09-30 1.ACWX 2.GVI 3.IWR 4.SPY 5.IWM 6.AAPL 7.HYG 8.AMZN 9.GOOGL 10.JPM
2018-06-30	131	$318.5M	—	1ACWX 2GVI 3IWR Top holdings2018-06-30 1.ACWX 2.GVI 3.IWR 4.SPY 5.IWM 6.AAPL 7.HYG 8.GOOGL 9.AMZN 10.JPM

Holding changes this quarter

Position changes disclosed by German American Bancorp, INC. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ACWX	Ishares Msci Acwi Ex US ETF	+0.7%	+4.07%	Add
2	NOC	Northrop Grumman CORP	+0.4%	+89.71%	Add
3	GVI	Ishares Intermediate Governm	+0.3%	+3.73%	Add
4	GABC	German American Bancorp	+0.3%	+1.32%	Add
5	XOM	Exxon Mobil CORP	+0.3%	-5.68%	Trim
6	XLU	St Sr Utl Sl Se Spdr Etf-usd	+0.3%	+6.53%	Add
7	CAT	Caterpillar INC	+0.2%	-0.34%	Trim
8	JNJ	Johnson & Johnson	+0.2%	+1.39%	Add
9	IWR	Ishares Russell Mid-cap ETF	+0.2%	+0.26%	Add
10	COST	Costco Wholesale CORP	+0.2%	+0.56%	Add
11	FDX	Fedex CORP	+0.2%	+1.00%	Add
12	COP	Conocophillips	+0.2%	-6.04%	Trim
13	PSX	Phillips 66	+0.1%	-8.73%	Trim
14	WMT	Walmart INC	+0.1%	+0.69%	Add
15	HON	Honeywell International INC	+0.1%	+0.55%	Add
16	MU	Micron Technology INC	+0.1%	-12.48%	Trim
17	IWM	Ishares Russell 2000 ETF	+0.1%	+0.30%	Add
18	AMGN	Amgen INC	+0.1%	+142.89%	Add
19	KO	Coca-cola Co/the	+0.1%	-0.02%	Trim
20	PFE	Pfizer INC	+0.1%	+9.63%	Add
21	RTX	Rtx CORP	+0.1%	-0.16%	Trim
22	QQQ	Invesco Qqq Trust Series 1	0%	-16.08%	Trim
23	MUB	Ishares National Muni Bond E	-0.1%	-3.99%	Trim
24	DIS	Walt Disney Co/the	-0.1%	+1.03%	Add
25	XLY	Ss Consumer Disc Select Sect	-0.1%	-4.62%	Trim
26	DHR	Danaher CORP	-0.1%	+0.88%	Add
27	UNH	Unitedhealth Group INC	-0.1%	+6.21%	Add
28	GM	General Motors Co	-0.1%	+0.21%	Add
29	TMO	Thermo Fisher Scientific INC	-0.1%	+1.02%	Add
30	MS	Morgan Stanley	-0.1%	+0.11%	Add
31	BLK	Blackrock INC	-0.1%	+0.84%	Add
32	AVGO	Broadcom INC	-0.1%	+4.09%	Add
33	BAC	Bank Of America CORP	-0.1%	-0.05%	Trim
34	SPY	Ss Spdr S&p 500 ETF Trust-us	-0.1%	-1.58%	Trim
35	JPM	Jpmorgan Chase & Co	-0.1%	-0.87%	Trim
36	LLY	Eli Lilly & Co	-0.2%	+0.96%	Add
37	MA	Mastercard INC - A	-0.2%	-1.03%	Trim
38	ABT	Abbott Laboratories	-0.2%	-0.20%	Trim
39	AMZN	Amazon.com INC	-0.2%	+1.06%	Add
40	META	Meta Platforms Inc-class A	-0.2%	+1.79%	Add
41	AAPL	Apple INC	-0.3%	-0.32%	Trim
42	NVDA	Nvidia CORP	-0.3%	-1.81%	Trim
43	ORCL	Oracle CORP	-0.3%	+1.81%	Add
44	IVV	Ishares Core S&p 500 ETF	-0.4%	-8.04%	Trim
45	GOOGL	Alphabet Inc-cl A	-0.5%	-4.46%	Trim
46	MSFT	Microsoft CORP	-0.9%	+2.84%	Add
47	VTI	Vanguard Total Stock Mkt ETF	—	NEW	New buy
48	CRM	Salesforce INC	—	NEW	New buy
49	AMD	Advanced Micro Devices	—	NEW	New buy
50	TSLA	Tesla INC	—	EXIT	Sold out