SEC 13F Intelligence

Managers / Q4 2021 · view latest →

MONARCH CAPITAL MANAGEMENT INC

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

Reported Value
$390M
Q4 2021
Positions
123
Filings on Record
30
2019–present window
Filed
Jan 19, 2022
original filing

Summary

Monarch Capital Management Inc reported $390M in U.S.-listed holdings across 123 positions for Q4 2021.

Its largest position, MSFT, represents 5.2% of the portfolio.

Compared with Q3 2021, the fund opened 7 new positions and exited 2.

Portfolio Metrics

Turnover
+1.7%
vs prior filed quarter
Top-10 Concentration
+33.8%
share of reported value
Largest Position
+5.2%
Microsoft
New / Exited
7 / 2
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. 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: 88.3%Other: 6.9%ETP: 4.2%ADR: 0.6%
  • Common Stock · 88.3% · $344M
  • Other · 6.9% · $27M
  • ETP · 4.2% · $16M
  • ADR · 0.6% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LMTLOCKHEED MARTINNEW+1.4K1.4K+$490,000$490,000
REGNREGENERON PHARMACEUTICALSNEW+479479+$302,000$302,000
CVSCVS/CAREMARKNEW+2.3K2.3K+$237,000$237,000
SHWSHERWIN WILLIAMSNEW+626626+$220,000$220,000
GLAXOSMITHKLINE ADRNEW+4.6K4.6K+$204,000$204,000
MDLZMONDELEZ INTLNEW+3.1K3.1K+$203,000$203,000
UNPUNION PACIFICNEW+800800+$202,000$202,000
VGSHVANGUARD SCOTTSDALE FD SHORT TSOLD OUT−6.1K0−$375,000$0

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

Holdings — Q4 2021

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFThistory →COM5.17%$20M59.9K
2HDHOME DEPOThistory →COM3.95%$15M37.2K
3AAPLAPPLEhistory →COM3.92%$15M86.2K
4LKFNLAKELAND FINANCIALhistory →COM3.85%$15M187.4K
5MCDMCDONALDShistory →COM3.24%$13M47.2K
6FELEFRANKLIN ELECTRIChistory →COM2.99%$12M123.4K
7MRKMERCK & COhistory →COM2.73%$11M138.8K
8ADPAUTOMATIC DATA PROCESSINGhistory →COM2.72%$11M43.1K
9CSCOCISCO SYSTEMShistory →COM2.63%$10M162.0K
10JNJJOHNSON & JOHNSONhistory →COM2.60%$10M59.3K
11WMTWALMART STOREShistory →COM2.46%$10M66.4K
12ACCENTURE PLCCOM2.37%$9M22.3K
13ABTABBOTT LABShistory →COM2.35%$9M65.0K
14PGPROCTER & GAMBLEhistory →COM2.27%$9M54.2K
15ABBVABBVIEhistory →COM2.26%$9M65.2K
16ALPHABET CLASS CCOM1.99%$8M2.7K
17KOCOCA COLAhistory →COM1.94%$8M127.8K
18KRKROGERhistory →COM1.85%$7M159.8K
19MMM3Mhistory →COM1.82%$7M40.0K
20WBAWALGREENS BOOTS ALLIANCEhistory →COM1.79%$7M134.1K
21EMREMERSON ELECTRIChistory →COM1.78%$7M74.5K
22MEDTRONIC PLCCOM1.77%$7M66.6K
23PFEPFIZERhistory →COM1.75%$7M115.8K
24NEENEXTERA ENERGYhistory →COM1.58%$6M65.9K
25USBUS BANCORPhistory →COM1.50%$6M104.2K
26SYYSYSCOhistory →COM1.50%$6M74.2K
27SYKSTRYKERhistory →COM1.49%$6M21.7K
28JPMJPMORGAN CHASEhistory →COM1.32%$5M32.4K
29VANGUARD SHORT-TERM TIPS ETFCOM1.29%$5M98.3K
30INTCINTELhistory →COM1.29%$5M97.7K
31ZBHZIMMER BIOMEThistory →COM1.28%$5M39.3K
32VANGUARD FTSE EMERGING MARKETSCOM1.26%$5M99.2K
33PWRQUANTA SERVICEShistory →COM1.23%$5M41.9K
34AFLAFLAChistory →COM1.22%$5M81.3K
35GPCGENUINE PARTShistory →COM1.15%$4M32.0K
36GILDGILEAD SCIENCEShistory →COM1.13%$4M60.6K
37EXMOCEXXON MOBILCOM0.94%$4M60.2K
38CINFCINCINNATI FINANCIALCOM0.92%$4M31.5K
39FISVFISERVCOM0.87%$3M32.9K
40DYHTARGETCOM0.82%$3M13.8K
41FFIVF5 NETWORKSCOM0.80%$3M12.8K
42STLDSTEEL DYNAMICSCOM0.77%$3M48.4K
43TAT&TCOM0.66%$3M104.7K
44UPSUNITED PARCEL SERVICECOM0.65%$3M11.8K
45DISDISNEY WALTCOM0.63%$2M15.8K
46CARRCARRIERCOM0.60%$2M43.0K
47VANGUARD DEVELOPED MARKETS ETFCOM0.55%$2M42.2K
48PEPPEPSICOCOM0.54%$2M12.1K
49APDAIR PRODUCTS & CHEMICALSCOM0.52%$2M6.6K

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 ↗.