SEC 13F Intelligence

Managers / Q4 2022 · view latest →

MONARCH CAPITAL MANAGEMENT INC

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

Reported Value
$326M
Q4 2022
Positions
109
Filings on Record
30
2019–present window
Filed
Jan 26, 2023
original filing

Summary

Monarch Capital Management Inc reported $326M in U.S.-listed holdings across 109 positions for Q4 2022.

Its largest position, MRK, represents 4.3% of the portfolio.

Compared with Q3 2022, the fund opened 1 new position and exited 5.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+33.7%
share of reported value
Largest Position
+4.3%
Merck
New / Exited
1 / 5
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: 93.2%Other: 4.0%ETP: 2.4%ADR: 0.4%
  • Common Stock · 93.2% · $304M
  • Other · 4.0% · $13M
  • ETP · 2.4% · $8M
  • ADR · 0.4% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CPRTCOPART INCNEW+5.7K5.7K+$348,047$348,047
HIWHIGHWOODS PPTYS INCSOLD OUT−9.7K0−$262,000$0
WISDOMTREE TRSOLD OUT−7.9K0−$241,000$0
DDOMINION ENERGY INCSOLD OUT−3.3K0−$225,000$0
MATMATTEL INCSOLD OUT−10.6K0−$201,000$0
WBDWARNER BROS DISCOVERY INCSOLD OUT−12.4K0−$143,000$0
OKEONEOK INC NEWADDED+4.7K12.5K+$420,870$819,870
ZIMVZIMVIE INCADDED+12.3K35.3K+$102,562$329,562

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

Holdings — Q4 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MRKMERCK & CO INChistory →COM4.33%$14M126.7K
2MSFTMICROSOFT CORPhistory →COM4.10%$13M55.8K
3LKFNLAKELAND FINL CORPhistory →COM3.80%$12M170.0K
4MCDMCDONALDS CORPhistory →COM3.52%$11M43.5K
5HDHOME DEPOT INChistory →COM3.42%$11M35.3K
6JNJJOHNSON & JOHNSONhistory →COM2.99%$10M55.2K
7ADPAUTOMATIC DATA PROCESSING INhistory →COM2.97%$10M40.4K
8AAPLAPPLE INChistory →COM2.95%$10M73.9K
9ABBVABBVIE INChistory →COM2.85%$9M57.5K
10FELEFRANKLIN ELEC INChistory →COM2.81%$9M115.1K
11WMTWALMART INChistory →COM2.61%$8M59.7K
12PGPROCTER AND GAMBLE COhistory →COM2.36%$8M50.8K
13KOCOCA COLA COhistory →COM2.24%$7M114.8K
14CSCOCISCO SYS INChistory →COM2.19%$7M149.6K
15EMREMERSON ELEC COhistory →COM2.08%$7M70.5K
16ABTABBOTT LABShistory →COM2.01%$7M59.8K
17KRKROGER COhistory →COM1.99%$6M145.8K
18EXMOCEXXON MOBIL CORPhistory →COM1.81%$6M53.5K
19PFEPFIZER INChistory →COM1.70%$6M108.1K
20ACCENTURE PLC IRELANDSHS CLASS A1.62%$5M19.8K
21PWRQUANTA SVCS INChistory →COM1.61%$5M36.8K
22MEDTRONIC PLCSHS1.57%$5M65.5K
23AFLAFLAC INChistory →COM1.56%$5M70.8K
24NEENEXTERA ENERGY INChistory →COM1.55%$5M60.6K
25SYYSYSCO CORPhistory →COM1.55%$5M66.2K
26GPCGENUINE PARTS COhistory →COM1.51%$5M28.4K
27SYKSTRYKER CORPORATIONhistory →COM1.50%$5M20.0K
28ZBHZIMMER BIOMET HOLDINGS INChistory →COM1.43%$5M36.5K
29WBAWALGREENS BOOTS ALLIANCE INChistory →COM1.40%$5M122.3K
30GILDGILEAD SCIENCES INChistory →COM1.40%$5M53.2K
31MMM3M COhistory →COM1.40%$5M37.9K
32USBUS BANCORP DELhistory →COM NEW1.34%$4M99.5K
33JPMJPMORGAN CHASE & COhistory →COM1.32%$4M32.2K
34STLDSTEEL DYNAMICS INChistory →COM1.16%$4M38.7K
35GOOGALPHABET INChistory →CAP STK CL C1.11%$4M40.7K
36VANGUARD MALVERN FDSSTRM INFPROIDX1.07%$4M75.0K
37FISVFISERV INChistory →COM1.00%$3M32.3K
38CINFCINCINNATI FINL CORPCOM0.94%$3M29.9K
39VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.86%$3M71.8K
40UPSUNITED PARCEL SERVICE INCCL B0.84%$3M15.7K
41CHVCHEVRON CORP NEWCOM0.82%$3M14.9K
42INTCINTEL CORPCOM0.75%$2M93.0K
43FFIVF5 INCCOM0.68%$2M15.4K
44CORECARD CORPORATIONCOM0.67%$2M75.7K
45APDAIR PRODS & CHEMS INCCOM0.63%$2M6.6K
46DYHTARGET CORPCOM0.61%$2M13.3K
47DISDISNEY WALT COCOM0.60%$2M22.5K
48PEPPEPSICO INCCOM0.58%$2M10.4K
49BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.56%$2M6.0K
50AESAES CORPCOM0.56%$2M63.7K

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 ↗.