MONARCH CAPITAL MANAGEMENT INC

CIK

938759

Location

FORT WAYNE, IN

Portfolio Value

Small $374,430,803

Diversification

Diversified

Filing Date

Global Rank

#2,763 / 8,232 ▲ 147

Top Industry

Drug Manufacturers - General 14.0%

3Y Alpha vs SPY

-6.8%

Period ended 2 months ago

Filed Apr 16, 2026 · 59d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+48.1%

SPY

+76.3%

Annualised alpha

-6.8%

Max drawdown

−14.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

113 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.7%

−1.5 pts

Top 5

20.4%

−1.0 pts

Top 10

34.9%

−1.0 pts

HHI

206

Diversified−14

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	19.6%	$73,529,255	16
Technology	18.8%	$70,366,821	15
Consumer Defensive	14.8%	$55,385,601	15
Industrials	14.8%	$55,261,177	23
Financial Services	10.7%	$39,886,910	13
Consumer Cyclical	7.5%	$27,918,089	5
Energy	3.8%	$14,259,628	6
Basic Materials	3.5%	$13,264,032	8
Communication Services	3.0%	$11,386,712	5
Utilities	2.6%	$9,815,213	5
Unclassified	0.9%	$3,357,365	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CRM	Salesforce, Inc.	+5,213	10,704	$1,998,115
NVO	Novo Nordisk A S	+4,381	14,285	$524,973
FISV	Fiserv Inc	+4,215	45,576	$2,543,140
GPC	Genuine Parts Co	+2,726	36,505	$3,860,403
AMZN	Amazon Com Inc	+2,428	5,674	$1,181,723
PGR	Progressive Corp/Oh/	+2,093	2,993	$593,332
CARR	CARRIER GLOBAL Corp	+2,090	46,865	$2,638,968
CHKP	Check Point Software Technologies Ltd	+1,648	5,087	$726,677
ADP	Automatic Data Processing Inc	+1,639	36,937	$7,504,859
CPRT	Copart Inc	+840	14,301	$474,793
UPS	United Parcel Service Inc	+833	31,458	$3,094,838
OKE	Oneok Inc /New/	+775	22,616	$2,044,260
TGT	Target Corp	+740	19,269	$2,335,402
MDT	Medtronic plc	+719	59,621	$5,166,159
VZ	Verizon Communications Inc	+400	47,157	$2,367,281
RCI	Rogers Communications Inc	+360	59,746	$2,297,233
PEP	Pepsico Inc	+350	13,323	$2,068,928
ZBH	Zimmer Biomet Holdings, Inc.	+330	37,388	$3,380,622
MMM	3M Co	+278	31,203	$4,531,611
NI	Nisource Inc.	+270	5,640	$263,162
CNI	Canadian National Railway Co	+235	5,317	$546,428
APD	Air Products & Chemicals, Inc.	+220	13,724	$3,986,684
KR	Kroger Co	+217	149,082	$10,787,573
CB	Chubb Ltd	+166	7,653	$2,494,342
ACN	Accenture plc	+160	18,205	$3,609,869
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
WMT	Walmart Inc.	−8,158	117,777	$14,637,325
LKFN	Lakeland Financial Corp	−5,507	147,958	$8,489,830
USB	US Bancorp De	−4,985	124,409	$6,470,512
GILD	Gilead Sciences, Inc.	−3,420	40,107	$5,589,712
KO	Coca Cola Co	−3,168	91,307	$6,943,897
FLS	Flowserve Corp	−3,120	45,686	$3,358,377
AAPL	Apple Inc.	−2,953	59,810	$15,179,179
CSCO	Cisco Systems, Inc.	−2,502	133,936	$10,392,094
JNJ	Johnson & Johnson	−2,405	58,478	$14,294,362
MRK	Merck & Co., Inc.	−2,307	120,559	$14,502,042
AFL	Aflac Inc	−2,094	54,888	$6,021,762
XOM	Exxon Mobil Corp	−1,660	47,911	$8,128,580
FELE	Franklin Electric Co Inc	−1,590	94,722	$8,730,526
WFC	Wells Fargo & Company/Mn	−1,285	7,684	$611,723
SYY	Sysco Corp	−1,226	54,533	$3,889,838
EEFT	Euronet Worldwide, Inc.	−1,206	28,768	$1,909,332
NEE	Nextera Energy Inc	−1,200	57,238	$5,316,265
MCD	Mcdonalds Corp	−1,127	37,902	$11,779,562
PWR	Quanta Services, Inc.	−1,093	17,418	$9,562,830
STLD	Steel Dynamics Inc	−1,015	29,133	$5,243,940
PFE	Pfizer Inc	−1,000	124,842	$3,505,563
T	At&T Inc.	−1,000	13,256	$384,291
BP	Bp PLC	−950	16,355	$768,685
DG	Dollar General Corp	−870	17,954	$2,131,678
ABBV	AbbVie Inc.	−820	48,772	$10,607,422
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
RIO	Rio Tinto PLC	3,437	$320,637
GFL	GFL Environmental Inc.	5,895	$245,939
NVS	Novartis AG	1,400	$213,850
MDLZ	Mondelez International, Inc.	3,500	$201,740
PSX	Phillips 66	1,104	$201,126
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
IBM	International Business Machines Corp	801	$237,264
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

113 positions · $374,430,803 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 113 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	48,033	-210	$17,780,375	−23.8%	4.75%
AAPL	Apple Inc. Technology	Reduced	59,810	-2,953	$15,179,179	−11.0%	4.05%
WMT	Walmart Inc. Consumer Defensive	Reduced	117,777	-8,158	$14,637,325	+4.3%	3.91%
MRK	Merck & Co., Inc. Healthcare	Reduced	120,559	-2,307	$14,502,042	+12.1%	3.87%
JNJ	Johnson & Johnson Healthcare	Reduced	58,478	-2,405	$14,294,362	+13.4%	3.82%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	37,902	-1,127	$11,779,562	−1.2%	3.15%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	33,005	-184	$10,855,014	−5.0%	2.90%
KR	Kroger Co Consumer Defensive	Added	149,082	+217	$10,787,573	+16.0%	2.88%
ABBV	AbbVie Inc. Healthcare	Reduced	48,772	-820	$10,607,422	−6.4%	2.83%
CSCO	Cisco Systems, Inc. Technology	Reduced	133,936	-2,502	$10,392,094	−1.1%	2.78%
PWR	Quanta Services, Inc. Industrials	Reduced	17,418	-1,093	$9,562,830	+22.4%	2.55%
FELE	Franklin Electric Co Inc Industrials	Reduced	94,722	-1,590	$8,730,526	−5.1%	2.33%
LKFN	Lakeland Financial Corp Financial Services	Reduced	147,958	-5,507	$8,489,830	−3.0%	2.27%
XOM	Exxon Mobil Corp Energy	Reduced	47,911	-1,660	$8,128,580	+36.3%	2.17%
ADP	Automatic Data Processing Inc Technology	Added	36,937	+1,639	$7,504,859	−17.3%	2.00%
EMR	Emerson Electric Co Industrials	Reduced	56,587	-649	$7,414,028	−2.4%	1.98%
KO	Coca Cola Co Consumer Defensive	Reduced	91,307	-3,168	$6,943,897	+5.1%	1.85%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	45,899	-400	$6,629,651	−0.1%	1.77%
USB	US Bancorp De Financial Services	Reduced	124,409	-4,985	$6,470,512	−6.3%	1.73%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	20,550	-390	$6,044,988	−10.4%	1.61%
AFL	Aflac Inc Financial Services	Reduced	54,888	-2,094	$6,021,762	−4.2%	1.61%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	40,107	-3,420	$5,589,712	+4.6%	1.49%
ABT	Abbott Laboratories Healthcare	Reduced	54,260	-5	$5,570,874	−18.1%	1.49%
NEE	Nextera Energy Inc Utilities	Reduced	57,238	-1,200	$5,316,265	+13.3%	1.42%
STLD	Steel Dynamics Inc Basic Materials	Reduced	29,133	-1,015	$5,243,940	+2.6%	1.40%
MDT	Medtronic plc Healthcare	Added	59,621	+719	$5,166,159	−8.7%	1.38%
SYK	Stryker Corp Healthcare	Reduced	13,998	-279	$4,599,602	−8.3%	1.23%
MMM	3M Co Industrials	Added	31,203	+278	$4,531,611	−8.5%	1.21%
GOOGL	Alphabet Inc. Communication Services	Reduced	15,581	-360	$4,480,472	−10.2%	1.20%
CINF	Cincinnati Financial Corp Financial Services	Reduced	27,192	-425	$4,278,661	−5.1%	1.14%
FFIV	F5, Inc. Technology	Reduced	14,451	-46	$4,181,107	+13.0%	1.12%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	13,724	+220	$3,986,684	+19.5%	1.06%
SYY	Sysco Corp Consumer Defensive	Reduced	54,533	-1,226	$3,889,838	−5.3%	1.04%
GPC	Genuine Parts Co Consumer Cyclical	Added	36,505	+2,726	$3,860,403	−7.1%	1.03%
INTC	Intel Corp Technology	Reduced	86,472	-576	$3,816,009	+18.8%	1.02%
ACN	Accenture plc Technology	Added	18,205	+160	$3,609,869	−25.4%	0.96%
PFE	Pfizer Inc Healthcare	Reduced	124,842	-1,000	$3,505,563	+11.9%	0.94%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	Added	37,388	+330	$3,380,622	+1.5%	0.90%
FLS	Flowserve Corp Industrials	Reduced	45,686	-3,120	$3,358,377	−0.8%	0.90%
RTX	RTX Corp Industrials	Reduced	16,098	-210	$3,105,304	+3.8%	0.83%
UPS	United Parcel Service Inc Industrials	Added	31,458	+833	$3,094,838	+1.9%	0.83%
CVX	Chevron Corp Energy	Reduced	13,511	-490	$2,795,425	+31.0%	0.75%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	5,567	+2	$2,667,706	−4.6%	0.71%
CARR	CARRIER GLOBAL Corp Industrials	Added	46,865	+2,090	$2,638,968	+11.5%	0.70%
FISV	Fiserv Inc	Added	45,576	+4,215	$2,543,140	−8.5%	0.68%
CB	Chubb Ltd Financial Services	Added	7,653	+166	$2,494,342	+6.7%	0.67%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Added	3,205	+86	$2,476,311	+2.9%	0.66%
VZ	Verizon Communications Inc Communication Services	Added	47,157	+400	$2,367,281	+24.3%	0.63%
TGT	Target Corp Consumer Defensive	Added	19,269	+740	$2,335,402	+28.9%	0.62%
RCI	Rogers Communications Inc Communication Services	Added	59,746	+360	$2,297,233	+2.5%	0.61%