SEC 13F Intelligence

Managers / Q3 2022 · view latest →

MONARCH CAPITAL MANAGEMENT INC

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

Reported Value
$307M
Q3 2022
Positions
113
Filings on Record
30
2019–present window
Filed
Oct 20, 2022
original filing

Summary

Monarch Capital Management Inc reported $307M in U.S.-listed holdings across 113 positions for Q3 2022.

Its largest position, MSFT, represents 4.4% of the portfolio.

Compared with Q2 2022, the fund opened 4 new positions and exited 12.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+34.7%
share of reported value
Largest Position
+4.4%
Microsoft
New / Exited
4 / 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. 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: 92.0%Other: 4.3%ETP: 3.0%ADR: 0.5%REIT: 0.1%
  • Common Stock · 92.0% · $282M
  • Other · 4.3% · $13M
  • ETP · 3.0% · $9M
  • ADR · 0.5% · $2M
  • REIT · 0.1% · $262,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GOOGALPHABET INCNEW+39.1K39.1K+$4M$4M
JJACOBS SOLUTIONS INCNEW+12.3K12.3K+$1M$1M
GOOGLALPHABET INCNEW+13.7K13.7K+$1M$1M
COPCONOCOPHILLIPSNEW+2.5K2.5K+$258,000$258,000
ALPHABET CLASS CSOLD OUT−2.0K0−$4M$0
ALPHABET CLASS ASOLD OUT−7320−$2M$0
JECUSDJACOBS ENGINEERINGSOLD OUT−12.3K0−$2M$0
VANGUARD WHITEHALL INTL HIGH DSOLD OUT−6.5K0−$383,000$0

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

Holdings — Q3 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM4.38%$13M57.7K
2LKFNLAKELAND FINL CORPhistory →COM4.20%$13M176.8K
3MRKMERCK & CO INChistory →COM3.72%$11M131.8K
4AAPLAPPLE INChistory →COM3.67%$11M81.4K
5MCDMCDONALDS CORPhistory →COM3.42%$10M45.4K
6HDHOME DEPOT INChistory →COM3.27%$10M36.4K
7FELEFRANKLIN ELEC INChistory →COM3.19%$10M119.8K
8ADPAUTOMATIC DATA PROCESSING INhistory →COM3.10%$10M41.9K
9JNJJOHNSON & JOHNSONhistory →COM3.04%$9M57.1K
10WMTWALMART INChistory →COM2.68%$8M63.4K
11ABBVABBVIE INChistory →COM2.63%$8M60.1K
12KOCOCA COLA COhistory →COM2.21%$7M120.4K
13KRKROGER COhistory →COM2.16%$7M151.8K
14PGPROCTER AND GAMBLE COhistory →COM2.14%$7M51.9K
15CSCOCISCO SYS INChistory →COM2.03%$6M155.4K
16ABTABBOTT LABShistory →COM1.96%$6M62.1K
17MEDTRONIC PLCSHS1.77%$5M66.7K
18ACCENTURE PLC IRELANDSHS CLASS A1.75%$5M20.8K
19EMREMERSON ELEC COhistory →COM1.74%$5M73.0K
20PWRQUANTA SVCS INChistory →COM1.66%$5M39.9K
21PFEPFIZER INChistory →COM1.61%$5M113.2K
22NEENEXTERA ENERGY INChistory →COM1.61%$5M63.0K
23SYYSYSCO CORPhistory →COM1.61%$5M69.8K
24EXMOCEXXON MOBIL CORPhistory →COM1.61%$5M56.5K
25VANGUARD MALVERN FDSSTRM INFPROIDX1.52%$5M96.7K
26GPCGENUINE PARTS COhistory →COM1.49%$5M30.6K
27MMM3M COhistory →COM1.44%$4M39.8K
28AFLAFLAC INChistory →COM1.40%$4M76.6K
29SYKSTRYKER CORPORATIONhistory →COM1.40%$4M21.1K
30USBUS BANCORP DELhistory →COM NEW1.39%$4M105.4K
31ZBHZIMMER BIOMET HOLDINGS INChistory →COM1.32%$4M38.7K
32WBAWALGREENS BOOTS ALLIANCE INChistory →COM1.31%$4M128.4K
33GOOGALPHABET INChistory →CAP STK CL C1.23%$4M39.1K
34GILDGILEAD SCIENCES INChistory →COM1.17%$4M58.4K
35JPMJPMORGAN CHASE & COhistory →COM1.13%$3M33.2K
36FISVFISERV INChistory →COM1.05%$3M34.3K
37STLDSTEEL DYNAMICS INCCOM0.99%$3M42.7K
38VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.95%$3M79.9K
39CINFCINCINNATI FINL CORPCOM0.88%$3M30.1K
40UPSUNITED PARCEL SERVICE INCCL B0.83%$3M15.7K
41INTCINTEL CORPCOM0.80%$2M95.8K
42CHVCHEVRON CORP NEWCOM0.75%$2M16.1K
43FFIVF5 INCCOM0.70%$2M14.9K
44DYHTARGET CORPCOM0.68%$2M14.0K
45DISDISNEY WALT COCOM0.66%$2M21.6K
46BMYBRISTOL-MYERS SQUIBB COCOM0.59%$2M25.3K
47CORECARD CORPORATIONCOM0.59%$2M82.5K
48PEPPEPSICO INCCOM0.55%$2M10.4K
49FLSFLOWSERVE CORPCOM0.53%$2M66.4K
50AESAES CORPCOM0.52%$2M71.1K

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 ↗.