SEC 13F Intelligence

Managers / Q2 2022 · view latest →

MONARCH CAPITAL MANAGEMENT INC

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

Reported Value
$336M
Q2 2022
Positions
121
Filings on Record
30
2019–present window
Filed
Jul 20, 2022
original filing

Summary

Monarch Capital Management Inc reported $336M in U.S.-listed holdings across 121 positions for Q2 2022.

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

Compared with Q1 2022, the fund opened 5 new positions and exited 7.

Portfolio Metrics

Turnover
+1.0%
vs prior filed quarter
Top-10 Concentration
+33.0%
share of reported value
Largest Position
+4.6%
Microsoft
New / Exited
5 / 7
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: 93.2%ETP: 4.0%Other: 2.1%ADR: 0.6%REIT: 0.1%
  • Common Stock · 93.2% · $313M
  • ETP · 4.0% · $13M
  • Other · 2.1% · $7M
  • ADR · 0.6% · $2M
  • REIT · 0.1% · $205,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WBDWARNER BROS DISCOVERYNEW+17.6K17.6K+$236,000$236,000
OKEONEOK NEWNEW+4.1K4.1K+$226,000$226,000
HIWHIGHWOODS PROPERTIESNEW+6.0K6.0K+$205,000$205,000
IBMINTERNATIONAL BUSINESS MACHINENEW+1.4K1.4K+$201,000$201,000
ZIMVZIMVIENEW+12.1K12.1K+$194,000$194,000
AMZNAMAZON.COMSOLD OUT−750−$244,000$0
IWPISHARES RUSSELL MID-CAP GROWTHSOLD OUT−2.3K0−$227,000$0
UNPUNION PACIFICSOLD OUT−8000−$219,000$0

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

Holdings — Q2 2022

120 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFThistory →COM4.56%$15M59.6K
2MRKMERCK & COhistory →COM3.65%$12M134.4K
3LKFNLAKELAND FINANCIALhistory →COM3.62%$12M182.8K
4AAPLAPPLEhistory →COM3.42%$11M83.9K
5MCDMCDONALDShistory →COM3.40%$11M46.2K
6JNJJOHNSON & JOHNSONhistory →COM3.12%$10M59.0K
7HDHOME DEPOThistory →COM3.03%$10M37.0K
8ABBVABBVIEhistory →COM2.84%$10M62.3K
9FELEFRANKLIN ELECTRIChistory →COM2.69%$9M123.1K
10ADPAUTOMATIC DATA PROCESSINGhistory →COM2.67%$9M42.7K
11WMTWALMART STOREShistory →COM2.36%$8M65.2K
12KOCOCA COLAhistory →COM2.29%$8M122.4K
13PGPROCTER & GAMBLEhistory →COM2.25%$8M52.5K
14KRKROGERhistory →COM2.17%$7M154.2K
15ABTABBOTT LABShistory →COM2.09%$7M64.6K
16CSCOCISCO SYSTEMShistory →COM2.03%$7M159.3K
17SYYSYSCOhistory →COM1.82%$6M72.0K
18ACNACCENTURE PLChistory →COM1.82%$6M21.9K
19MDTMEDTRONIC PLChistory →COM1.80%$6M67.2K
20PFEPFIZERhistory →COM1.80%$6M115.1K
21EMREMERSON ELECTRIChistory →COM1.77%$6M74.8K
22ALPHABET CLASS CCOM1.75%$6M2.7K
23VTIPVANGUARD SHORT-TERM TIPS ETFhistory →COM1.65%$6M110.2K
24MMM3Mhistory →COM1.61%$5M41.8K
25PWRQUANTA SERVICEShistory →COM1.54%$5M41.3K
26WBAWALGREENS BOOTS ALLIANCEhistory →COM1.52%$5M134.4K
27NEENEXTERA ENERGYhistory →COM1.51%$5M65.4K
28EXMOCEXXON MOBILhistory →COM1.48%$5M58.2K
29USBUS BANCORPhistory →COM1.46%$5M106.8K
30AFLAFLAChistory →COM1.30%$4M79.0K
31SYKSTRYKERhistory →COM1.28%$4M21.6K
32ZBHZIMMER BIOMEThistory →COM1.26%$4M40.3K
33GPCGENUINE PARTShistory →COM1.23%$4M31.0K
34VWOVANGUARD FTSE EMERGING MARKETShistory →COM1.15%$4M92.4K
35JPMJPMORGAN CHASEhistory →COM1.12%$4M33.3K
36INTCINTELhistory →COM1.11%$4M99.9K
37GILDGILEAD SCIENCEShistory →COM1.10%$4M59.8K
38CINFCINCINNATI FINANCIALhistory →COM1.08%$4M30.4K
39FISVFISERVCOM0.94%$3M35.4K
40STLDSTEEL DYNAMICSCOM0.87%$3M44.4K
41UPSUNITED PARCEL SERVICECOM0.84%$3M15.4K
42CVXCHEVRONCOM0.69%$2M16.1K
43TAT&TCOM0.67%$2M107.3K
44FFIVF5 NETWORKSCOM0.67%$2M14.7K
45TGTTARGETCOM0.59%$2M14.0K
46BMYBRISTOL-MYERS SQUIBBCOM0.58%$2M25.4K
47FLSFLOWSERVECOM0.58%$2M67.6K
48CORECARDCOM0.57%$2M78.3K
49DISDISNEY WALTCOM0.57%$2M20.1K
50PEPPEPSICOCOM0.54%$2M10.9K
51PPLPPLCOM0.51%$2M62.5K
52RTXRAYTHEON TECHNOLOGIESCOM0.49%$2M17.1K
53CARRCARRIERCOM0.49%$2M45.7K
54BRK/BBERKSHIRE HATHAWAY BCOM0.48%$2M5.9K
55APDAIR PRODUCTS & CHEMICALSCOM0.47%$2M6.6K
56JACOBS ENGINEERINGCOM0.47%$2M12.3K
57AESAES CORPCOM0.46%$2M72.9K
58VEAVANGUARD DEVELOPED MARKETS ETFCOM0.45%$2M36.8K
59CBCHUBBCOM0.43%$1M7.4K
60RCIROGERS COMMUNICATIONSCOM0.42%$1M29.1K
61VODVODAFONE GROUP PLCCOM0.38%$1M82.2K
62OTISOTIS WORLDWIDECOM0.36%$1M17.1K
63PMPHILIP MORRIS INTERNATIONALCOM0.34%$1M11.5K
64WFCWELLS FARGOCOM0.33%$1M28.7K
65SMGSCOTTS MIRACLE-GROCOM0.30%$1M12.8K
66ADMARCHER DANIELS MIDLANDCOM0.27%$918,00011.8K
67GENERAL ELECTRICCOM0.26%$882,00013.8K
68ELVANTHEMCOM0.25%$855,0001.8K
69BPBP PLC ADRCOM0.25%$833,00029.4K
70NTRSNORTHERN TRUSTCOM0.24%$794,0008.2K
71NSCNORFOLK SOUTHERNCOM0.23%$770,0003.4K
72LINDE PLCCOM0.22%$735,0002.6K
73KMBKIMBERLY-CLARKCOM0.21%$715,0005.3K
74COSTCOSTCO WHOLESALECOM0.21%$699,0001.5K
75DGDOLLAR GENERALCOM0.21%$694,0002.8K
76GWWGRAINGER WWCOM0.20%$671,0001.5K
77LMTLOCKHEED MARTINCOM0.19%$638,0001.5K
78PNCPNC FINANCIAL SERVICESCOM0.19%$623,0003.9K
79CLCOLGATE-PALMOLIVECOM0.18%$593,0007.4K
80PLXSPLEXUSCOM0.17%$569,0007.3K
81VZVERIZON COMMUNICATIONSCOM0.17%$564,00011.1K
82CHKPCHECK POINT SOFTWARECOM0.15%$504,0004.1K
83LLYLILLY ELICOM0.15%$496,0001.5K
84CNICANADIAN NATIONAL RAILWAYCOM0.15%$487,0004.3K
85MOALTRIACOM0.14%$485,00011.6K
86VTRSVIATRISCOM0.14%$475,00045.3K
87NKENIKECOM0.12%$419,0004.1K
88EEMISHARES MSCI EMERGING MARKET ECOM0.12%$417,00010.4K
89SPYS&P 500 INDEX ETFCOM0.12%$414,0001.1K
90NUENUCORCOM0.12%$410,0003.9K
91BRK/ABERKSHIRE HATHAWAY ACOM0.12%$409,0001
92REGNREGENERON PHARMACEUTICALSCOM0.12%$404,000684
93BKHBLACK HILLSCOM0.12%$399,0005.5K
94VYMIVANGUARD WHITEHALL INTL HIGH DCOM0.11%$383,0006.5K
95SHWSHERWIN WILLIAMSCOM0.11%$370,0001.7K
96VVISACOM0.11%$369,0001.9K
97ITWILLINOIS TOOL WORKSCOM0.11%$359,0002.0K
98FRMEFIRST MERCHANTSCOM0.10%$346,0009.7K
99ORCLORACLECOM0.10%$331,0004.7K
100BSVVANGUARD SHORT TERM BOND ETFCOM0.10%$331,0004.3K

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 ↗.