SEC 13F Intelligence

Managers / Q2 2021 · view latest →

MONARCH CAPITAL MANAGEMENT INC

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

Reported Value
$350M
Q2 2021
Positions
111
Filings on Record
30
2019–present window
Filed
Jul 22, 2021
original filing

Summary

Monarch Capital Management Inc reported $350M in U.S.-listed holdings across 111 positions for Q2 2021.

Its largest position, MSFT, represents 4.6% of the portfolio.

Compared with Q1 2021, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+1.4%
vs prior filed quarter
Top-10 Concentration
+31.8%
share of reported value
Largest Position
+4.6%
Microsoft
New / Exited
2 / 1
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: 92.8%ETP: 3.7%Other: 2.6%ADR: 0.9%
  • Common Stock · 92.8% · $325M
  • ETP · 3.7% · $13M
  • Other · 2.6% · $9M
  • ADR · 0.9% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
OGNORGANON & CONEW+13.8K13.8K+$419,000$419,000
MCOMOODYSNEW+600600+$217,000$217,000
DEDEERE & COSOLD OUT−6050−$226,000$0
INTELLIGENT SYSTEMSADDED+13.1K33.7K+$220,000$1M
VTIPVANGUARD SHORT-TERM TIPS ETFADDED+12.9K57.3K+$714,000$3M
BSVVANGUARD SHORT TERM BOND ETFADDED+1.9K8.9K+$158,000$729,000
JPMJPMORGAN CHASEADDED+6.3K29.8K+$1M$5M
NTRSNORTHERN TRUSTTRIMMED−2.9K8.8K−$216,000$1M

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

Holdings — Q2 2021

110 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFThistory →COM4.61%$16M59.6K
2LKFNLAKELAND FINANCIALhistory →COM3.46%$12M196.6K
3HDHOME DEPOThistory →COM3.38%$12M37.1K
4MCDMCDONALDShistory →COM3.12%$11M47.3K
5AAPLAPPLEhistory →COM3.11%$11M79.4K
6MRKMERCK & COhistory →COM3.08%$11M138.8K
7FELEFRANKLIN ELECTRIChistory →COM3.01%$11M130.8K
8JNJJOHNSON & JOHNSONhistory →COM2.79%$10M59.2K
9WMTWALMART STOREShistory →COM2.71%$9M67.3K
10ADPAUTOMATIC DATA PROCESSINGhistory →COM2.55%$9M44.9K
11CSCOCISCO SYSTEMShistory →COM2.53%$9M167.1K
12MDTMEDTRONIC PLChistory →COM2.41%$8M67.9K
13MMM3Mhistory →COM2.24%$8M39.5K
14ABTABBOTT LABShistory →COM2.20%$8M66.5K
15EMREMERSON ELECTRIChistory →COM2.10%$7M76.3K
16PGPROCTER & GAMBLEhistory →COM2.08%$7M53.8K
17ABBVABBVIEhistory →COM2.06%$7M63.9K
18ACNACCENTURE PLChistory →COM2.06%$7M24.4K
19KOCOCA COLAhistory →COM2.05%$7M132.3K
20WBAWALGREENS BOOTS ALLIANCEhistory →COM2.01%$7M133.8K
21ALPHABET CLASS CCOM1.87%$7M2.6K
22ZBHZIMMER BIOMEThistory →COM1.78%$6M38.8K
23KRKROGERhistory →COM1.72%$6M157.1K
24SYYSYSCOhistory →COM1.70%$6M76.4K
25USBUS BANCORPhistory →COM1.68%$6M103.0K
26SYKSTRYKERhistory →COM1.65%$6M22.2K
27INTCINTELhistory →COM1.57%$5M97.9K
28VWOVANGUARD FTSE EMERGING MARKETShistory →COM1.47%$5M95.0K
29NEENEXTERA ENERGYhistory →COM1.33%$5M63.7K
30PFEPFIZERhistory →COM1.33%$5M118.8K
31JPMJPMORGAN CHASEhistory →COM1.33%$5M29.8K
32AFLAFLAChistory →COM1.28%$4M83.5K
33GILDGILEAD SCIENCEShistory →COM1.27%$4M64.6K
34GPCGENUINE PARTShistory →COM1.22%$4M33.6K
35EXMOCEXXON MOBILhistory →COM1.10%$4M61.3K
36PWRQUANTA SERVICEShistory →COM1.10%$4M42.7K
37CINFCINCINNATI FINANCIALhistory →COM1.07%$4M32.2K
38TGTTARGETCOM0.99%$3M14.4K
39STLDSTEEL DYNAMICSCOM0.93%$3M54.8K
40TAT&TCOM0.90%$3M109.0K
41VTIPVANGUARD SHORT-TERM TIPS ETFCOM0.86%$3M57.3K
42FISVFISERVCOM0.72%$3M23.6K
43FLSFLOWSERVECOM0.71%$3M62.0K
44FFIVF5 NETWORKSCOM0.67%$2M12.5K
45DISDISNEY WALTCOM0.65%$2M13.0K
46UPSUNITED PARCEL SERVICECOM0.61%$2M10.2K
47CARRCARRIERCOM0.60%$2M43.5K
48JACOBS ENGINEERINGCOM0.59%$2M15.6K
49APDAIR PRODUCTS & CHEMICALSCOM0.54%$2M6.6K
50VEAVANGUARD DEVELOPED MARKETS ETFCOM0.54%$2M36.4K
51CVXCHEVRONCOM0.53%$2M17.7K
52PPLPPLCOM0.51%$2M63.6K
53VODVODAFONE GROUP PLCCOM0.49%$2M99.7K
54BMYBRISTOL-MYERS SQUIBBCOM0.49%$2M25.4K
55GENERAL ELECTRICCOM0.46%$2M120.4K
56RTXRAYTHEON TECHNOLOGIESCOM0.44%$2M18.1K
57BRK/BBERKSHIRE HATHAWAY BCOM0.44%$2M5.5K
58PEPPEPSICOCOM0.43%$1M10.1K
59OTISOTIS WORLDWIDECOM0.42%$1M17.8K
60RCIROGERS COMMUNICATIONSCOM0.40%$1M26.0K
61AESAES CORPCOM0.39%$1M51.9K
62WFCWELLS FARGOCOM0.39%$1M29.8K
63CBCHUBBCOM0.36%$1M7.8K
64PMPHILIP MORRIS INTERNATIONALCOM0.33%$1M11.5K
65INTELLIGENT SYSTEMSCOM0.30%$1M33.7K
66NTRSNORTHERN TRUSTCOM0.29%$1M8.8K
67NSCNORFOLK SOUTHERNCOM0.26%$899,0003.4K
68BPBP PLC ADRCOM0.23%$818,00031.0K
69ADMARCHER DANIELS MIDLANDCOM0.23%$807,00013.3K
70LINDE PLCCOM0.23%$803,0002.8K
71EEMISHARES MSCI EMERGING MARKET ECOM0.23%$794,00014.4K
72PNCPNC FINANCIAL SERVICESCOM0.22%$778,0004.1K
73VTRSVIATRISCOM0.21%$739,00051.7K
74BSVVANGUARD SHORT TERM BOND ETFCOM0.21%$729,0008.9K
75KMBKIMBERLY-CLARKCOM0.20%$708,0005.3K
76ELVANTHEMCOM0.19%$670,0001.8K
77PLXSPLEXUSCOM0.19%$663,0007.3K
78VZVERIZON COMMUNICATIONSCOM0.19%$655,00011.7K
79GWWGRAINGER WWCOM0.19%$653,0001.5K
80CLCOLGATE-PALMOLIVECOM0.17%$606,0007.4K
81COSTCOSTCO WHOLESALECOM0.17%$583,0001.5K
82MOALTRIACOM0.16%$551,00011.6K
83CNICANADIAN NATIONAL RAILWAYCOM0.14%$498,0004.7K
84BABAALIBABA GROUP ADSCOM0.14%$483,0002.1K
85SPYS&P 500 INDEX ETFCOM0.13%$470,0001.1K
86VRAVERA BRADLEYCOM0.13%$467,00037.7K
87CHKPCHECK POINT SOFTWARECOM0.13%$452,0003.9K
88ITWILLINOIS TOOL WORKSCOM0.13%$449,0002.0K
89NKENIKECOM0.12%$421,0002.7K
90OGNORGANON & COCOM0.12%$419,00013.8K
91BRK/ABERKSHIRE HATHAWAY ACOM0.12%$419,0001
92DGDOLLAR GENERALCOM0.12%$419,0001.9K
93FRMEFIRST MERCHANTSCOM0.12%$405,0009.7K
94NUENUCORCOM0.11%$396,0004.1K
95LLYLILLY ELICOM0.11%$385,0001.7K
96BKHBLACK HILLSCOM0.10%$354,0005.4K
97CATCATERPILLARCOM0.08%$287,0001.3K
98ECLECOLABCOM0.08%$283,0001.4K
99STZCONSTELLATION BRANDSCOM0.08%$282,0001.2K
100GDXVANECK GOLD MINERS ETFCOM0.08%$275,0008.1K

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 ↗.