MONARCH CAPITAL MANAGEMENT INC

CIK

938759

Location

FORT WAYNE, IN

Portfolio Value

Micro $13,264,032

Diversification

Diversified

Filing Date

Global Rank

#3,073 / 8,586 ▲ 50

Top Industry

Drug Manufacturers - General 14.0%

3Y Alpha vs SPY

-7.6%

Period ended 3 months ago

Filed Apr 16, 2026 · 2mo

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

+46.5%

SPY

+78.1%

Annualised alpha

-7.6%

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
DIS	Walt Disney Co	+160	19,272	$1,857,435
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

8 positions · $13,264,032 total · Basic Materials only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
STLD	Steel Dynamics Inc Basic Materials	Reduced	29,133	-1,015	$5,243,940	+2.6%	39.54%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	13,724	+220	$3,986,684	+19.5%	30.06%
SMG	Scotts Miracle-Gro Co Basic Materials	Reduced	24,197	-40	$1,471,419	+4.0%	11.09%
LIN	Linde PLC Basic Materials	Held	1,982	0	$982,596	+16.3%	7.41%
NUE	Nucor Corp Basic Materials	Held	2,976	0	$503,241	+3.7%	3.79%
SHW	Sherwin Williams Co Basic Materials	Added	1,459	+19	$467,682	+0.2%	3.53%
RIO	Rio Tinto PLC Basic Materials	NEW	3,437	NEW	$320,637	NEW	2.42%
HL	Hecla Mining Co/De/ Basic Materials	Reduced	15,450	-150	$287,833	−3.9%	2.17%