SEC 13F Intelligence

Managers / Q4 2019 · view latest →

MONARCH CAPITAL MANAGEMENT INC

CIK 0000938759 · 127 WEST BERRY STREET STE 402, FORT WAYNE, IN, 46802 · 2604222765

Reported Value
$306M
Q4 2019
Positions
104
Filings on Record
30
2019–present window
Filed
Jan 28, 2020
original filing

Summary

Monarch Capital Management Inc reported $306M in U.S.-listed holdings across 104 positions for Q4 2019.

Its largest position, MRK, represents 4.1% of the portfolio.

Compared with Q3 2019, the fund opened 18 new positions and exited 12.

Portfolio Metrics

Turnover
+15.7%
vs prior filed quarter
Top-10 Concentration
+31.1%
share of reported value
Largest Position
+4.1%
Merck
New / Exited
18 / 12
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $247MQ4 ’18Q1 ’19: $276MQ2 ’19: $280MQ3 ’19: $286MQ4 ’19: $306MQ4 ’19Q1 ’20: $245MQ2 ’20: $274MQ3 ’20: $288MQ4 ’20: $318MQ4 ’20Q1 ’21: $337MQ2 ’21: $350MQ3 ’21: $360MQ4 ’21: $390MQ4 ’21Q1 ’22: $378MQ2 ’22: $336MQ3 ’22: $307MQ4 ’22: $326MQ4 ’22Q1 ’23: $326MQ2 ’23: $330MQ3 ’23: $311MQ4 ’23: $330MQ4 ’23Q1 ’24: $354MQ2 ’24: $340MQ3 ’24: $371MQ4 ’24: $365MQ4 ’24Q1 ’25: $360MQ2 ’25: $372MQ3 ’25: $408MQ4 ’25: $407MQ4 ’25Q1 ’26: $409Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 94.6%Other: 2.1%ETP: 2.0%ADR: 1.2%PUBLIC: 0.1%
  • Common Stock · 94.6% · $290M
  • Other · 2.1% · $6M
  • ETP · 2.0% · $6M
  • ADR · 1.2% · $4M
  • PUBLIC · 0.1% · $226,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MDTMEDTRONIC PLCNEW+74.4K74.4K+$8M$8M
CSCOCISCO SYSTEMSNEW+162.5K162.5K+$8M$8M
ZBHZIMMER BIOMET HOLDINGSNEW+40.5K40.5K+$6M$6M
MMM3MNEW+31.7K31.7K+$6M$6M
EXMOCEXXON MOBILNEW+74.1K74.1K+$5M$5M
TAT & TNEW+103.5K103.5K+$4M$4M
JPMJPMORGAN CHASENEW+23.5K23.5K+$3M$3M
TGTTARGETNEW+18.7K18.7K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2019

103 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MRKMERCK & COhistory →COM4.10%$13M138.0K
2MSFTMICROSOFThistory →COM3.46%$11M67.3K
3LKFNLAKELAND FINANCIALhistory →COM3.20%$10M200.5K
4MCDMCDONALDShistory →COM3.17%$10M49.1K
5JNJJOHNSON & JOHNSONhistory →COM3.01%$9M63.2K
6WMTWALMART STOREShistory →COM2.95%$9M76.0K
7HDHOME DEPOThistory →COM2.93%$9M41.1K
8FELEFRANKLIN ELECTRIChistory →COM2.83%$9M151.0K
9MDTMEDTRONIC PLChistory →COM2.75%$8M74.4K
10ADPAUTOMATIC DATA PROCESSINGhistory →COM2.70%$8M48.5K
11INTCINTELhistory →COM2.60%$8M133.3K
12CSCOCISCO SYSTEMShistory →COM2.54%$8M162.5K
13KOCOCA COLAhistory →COM2.53%$8M139.9K
14WBAWALGREENS BOOTS ALLIANCEhistory →COM2.50%$8M129.8K
15PGPROCTER & GAMBLEhistory →COM2.42%$7M59.3K
16ABTABBOTT LABShistory →COM2.24%$7M79.2K
17EMREMERSON ELECTRIChistory →COM2.23%$7M89.6K
18AAPLAPPLEhistory →COM2.18%$7M22.7K
19ACNACCENTURE PLChistory →COM2.10%$6M30.6K
20SYYSYSCOhistory →COM2.10%$6M75.2K
21ZBHZIMMER BIOMET HOLDINGShistory →COM1.98%$6M40.5K
22USBUS BANCORPhistory →COM1.86%$6M96.4K
23UTXZUNITED TECHNOLOGIEShistory →COM1.86%$6M38.0K
24MMM3Mhistory →COM1.83%$6M31.7K
25ABBVABBVIEhistory →COM1.79%$5M62.0K
26EXMOCEXXON MOBILhistory →COM1.69%$5M74.1K
27PFEPFIZERhistory →COM1.58%$5M123.8K
28KRKROGERhistory →COM1.49%$5M157.6K
29AFLAFLAChistory →COM1.46%$4M84.5K
30CINFCINCINNATI FINANCIALhistory →COM1.41%$4M41.0K
31SYKSTRYKERhistory →COM1.39%$4M20.3K
32NEENEXTERA ENERGYhistory →COM1.37%$4M17.3K
33TAT & Thistory →COM1.32%$4M103.5K
34FLSFLOWSERVEhistory →COM1.27%$4M77.9K
35GILDGILEAD SCIENCEShistory →COM1.24%$4M58.4K
36ALPHABET CLASS CCOM1.15%$4M2.6K
37VWOVANGUARD FTSE EMERGING MARKETShistory →COM1.14%$3M78.5K
38JPMJPMORGAN CHASEhistory →COM1.07%$3M23.5K
39GPCGENUINE PARTSCOM0.91%$3M26.3K
40TGTTARGETCOM0.78%$2M18.7K
41JACOBS ENGINEERINGCOM0.70%$2M23.9K
42STLDSTEEL DYNAMICSCOM0.70%$2M62.9K
43CVXCHEVRONCOM0.67%$2M17.0K
44VODVODAFONE GROUP PLCCOM0.67%$2M105.6K
45WFCWELLS FARGOCOM0.66%$2M37.9K
46PWRQUANTA SERVICESCOM0.65%$2M48.6K
47PPLPPLCOM0.63%$2M53.5K
48DISDISNEY WALTCOM0.61%$2M12.9K
49GENERAL ELECTRICCOM0.58%$2M159.8K
50BMYBRISTOL-MYERS SQUIBBCOM0.58%$2M27.7K
51NTRSNORTHERN TRUSTCOM0.55%$2M16.0K
52PEPPEPSICOCOM0.54%$2M12.2K
53BPBP PLC ADRCOM0.53%$2M43.2K
54APDAIR PRODUCTS & CHEMICALSCOM0.52%$2M6.7K
55BRK/BBERKSHIRE HATHAWAY BCOM0.41%$1M5.6K
56PMPHILIP MORRIS INTERNATIONALCOM0.39%$1M14.2K
57CBCHUBBCOM0.38%$1M7.6K
58UPSUNITED PARCEL SERVICECOM0.37%$1M9.6K
59RCIROGERS COMMUNICATIONSCOM0.36%$1M22.3K
60EEMISHARES MSCI EMERGING MARKET ECOM0.35%$1M24.1K
61VZVERIZON COMMUNICATIONSCOM0.32%$977,00015.9K
62PLXSPLEXUSCOM0.29%$900,00011.7K
63SLBSCHLUMBERGERCOM0.29%$884,00022.0K
64MOALTRIACOM0.27%$826,00016.5K
65LINDE PLCCOM0.25%$753,0003.5K
66KMBKIMBERLY-CLARKCOM0.24%$739,0005.4K
67NSCNORFOLK SOUTHERNCOM0.23%$709,0003.7K
68PNCPNC FINANCIAL SERVICESCOM0.21%$651,0004.1K
69ELVANTHEMCOM0.19%$592,0002.0K
70COSTCOSTCO WHOLESALECOM0.18%$548,0001.9K
71VRAVERA BRADLEYCOM0.18%$537,00045.5K
72CLCOLGATE-PALMOLIVECOM0.17%$517,0007.5K
73GWWGRAINGER WWCOM0.16%$502,0001.5K
74LLYLILLY ELICOM0.16%$496,0003.8K
75VEAVANGUARD DEVELOPED MARKETS ETFCOM0.16%$489,00011.1K
76ADMARCHER DANIELS MIDLANDCOM0.15%$463,00010.0K
77CNICANADIAN NATIONAL RAILWAYCOM0.15%$454,0005.0K
78BKHBLACK HILLSCOM0.14%$424,0005.4K
79FRMEFIRST MERCHANTSCOM0.13%$412,0009.9K
80FFIVF5 NETWORKSCOM0.13%$405,0002.9K
81AESAESCOM0.13%$402,00020.2K
82TLTISHARES TR 20YR TR BD ETFCOM0.13%$390,0002.9K
83STERICYCLECOM0.13%$389,0006.1K
84ITWILLINOIS TOOL WORKSCOM0.12%$361,0002.0K
85CHKPCHECK POINT SOFTWARECOM0.12%$358,0003.2K
86SPYS&P 500 INDEX ETFCOM0.11%$351,0001.1K
87BRK/ABERKSHIRE HATHAWAY ACOM0.11%$340,0001
88DGDOLLAR GENERALCOM0.10%$302,0001.9K
89MDLZMONDELEZ INTLCOM0.09%$291,0005.3K
90NKENIKECOM0.09%$273,0002.7K
91NUENUCORCOM0.08%$249,0004.4K
92VEUVANGUARD FTSE ALL-WORLD ETFCOM0.08%$241,0004.5K
93GDXVANECK GOLD MINERS ETFCOM0.08%$237,0008.1K
94ECLECOLABCOM0.08%$236,0001.2K
95HSBC HLDGS PLC ADR A PFDPRD0.07%$226,0008.4K
96MATMATTELCOM0.07%$225,00016.6K
97CONSTELLATION BRANDSCOM0.07%$220,0001.2K
98OKEONEOK NEWCOM0.07%$218,0002.9K
99CATCATERPILLARCOM0.07%$209,0001.4K
100DDOMINION ENERGYCOM0.07%$208,0002.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$409M127Apr 16, 202613F-HRchanges · EDGAR ↗
Q4 2025$407M124Jan 23, 202613F-HRchanges · EDGAR ↗
Q3 2025$408M122Oct 20, 202513F-HRchanges · EDGAR ↗
Q2 2025$372M117Aug 20, 202513F-HRchanges · EDGAR ↗
Q1 2025$360M115Apr 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$365M114Jan 15, 202513F-HRchanges · EDGAR ↗
Q3 2024$371M118Oct 16, 202413F-HRchanges · EDGAR ↗
Q2 2024$340M114Jul 24, 202413F-HRchanges · EDGAR ↗
Q1 2024$354M116Apr 25, 202413F-HRchanges · EDGAR ↗
Q4 2023$330M112Jan 17, 202413F-HRchanges · EDGAR ↗
Q3 2023$311M109Nov 2, 202313F-HRchanges · EDGAR ↗
Q2 2023$330M111Aug 1, 202313F-HRchanges · EDGAR ↗
Q1 2023$326M111Apr 25, 202313F-HRchanges · EDGAR ↗
Q4 2022$326M109Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$307M113Oct 20, 202213F-HRchanges · EDGAR ↗
Q2 2022$336M121Jul 20, 202213F-HRchanges · EDGAR ↗
Q1 2022$378M123Apr 20, 202213F-HRchanges · EDGAR ↗
Q4 2021$390M123Jan 19, 202213F-HRchanges · EDGAR ↗
Q3 2021$360M118Nov 4, 202113F-HRchanges · EDGAR ↗
Q2 2021$350M111Jul 22, 202113F-HRchanges · EDGAR ↗
Q1 2021$337M110Apr 27, 202113F-HRchanges · EDGAR ↗
Q4 2020$318M104Jan 26, 202113F-HRchanges · EDGAR ↗
Q3 2020$288M99Oct 22, 202013F-HRchanges · EDGAR ↗
Q2 2020$274M94Jul 23, 202013F-HRchanges · EDGAR ↗
Q1 2020$245M90Apr 30, 202013F-HRchanges · EDGAR ↗
Q4 2019$306M104Jan 28, 202013F-HRchanges · EDGAR ↗
Q3 2019$286M98Oct 30, 201913F-HRchanges · EDGAR ↗
Q2 2019$280M99Jul 31, 201913F-HRchanges · EDGAR ↗
Q1 2019$276M98May 1, 201913F-HRchanges · EDGAR ↗
Q4 2018$247M92Jan 23, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.