SEC 13F Intelligence

Managers / Q1 2024 · view latest →

MONARCH CAPITAL MANAGEMENT INC

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

Reported Value
$354M
Q1 2024
Positions
116
Filings on Record
30
2019–present window
Filed
Apr 25, 2024
original filing

Summary

Monarch Capital Management Inc reported $354M in U.S.-listed holdings across 116 positions for Q1 2024.

Its largest position, MSFT, represents 6.1% of the portfolio.

Compared with Q4 2023, the fund opened 4 new positions and exited 0.

Portfolio Metrics

Turnover
+1.5%
vs prior filed quarter
Top-10 Concentration
+34.9%
share of reported value
Largest Position
+6.1%
Microsoft

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: 93.5%Other: 4.3%ETP: 1.9%ADR: 0.3%
  • Common Stock · 93.5% · $331M
  • Other · 4.3% · $15M
  • ETP · 1.9% · $7M
  • ADR · 0.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMATAPPLIED MATLS INCNEW+1.2K1.2K+$244,796$244,796
DEDEERE & CONEW+532532+$219,296$219,296
CRMSALESFORCE INCNEW+683683+$205,980$205,980
VANGUARD INDEX FDSNEW+777777+$201,943$201,943
WMTWALMART INCADDED+102.1K154.8K+$1M$9M
AMZNAMAZON COM INCADDED+5421.9K+$135,876$339,476
GEHCGE HEALTHCARE TECHNOLOGIES ITRIMMED−1.2K2.6K−$54,789$237,094
LMTLOCKHEED MARTIN CORPADDED+3632.1K+$171,918$957,383

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

Holdings — Q1 2024

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.10%$22M51.4K
2MRKMERCK & CO INChistory →COM4.41%$16M118.0K
3HDHOME DEPOT INChistory →COM3.69%$13M34.1K
4AAPLAPPLE INChistory →COM3.24%$11M67.0K
5MCDMCDONALDS CORPhistory →COM3.21%$11M40.3K
6FELEFRANKLIN ELEC INChistory →COM3.15%$11M104.6K
7LKFNLAKELAND FINL CORPhistory →COM3.01%$11M160.6K
8ABBVABBVIE INChistory →COM2.74%$10M53.3K
9ADPAUTOMATIC DATA PROCESSING INhistory →COM2.68%$10M37.9K
10WMTWALMART INChistory →COM2.64%$9M154.8K
11JNJJOHNSON & JOHNSONhistory →COM2.38%$8M53.3K
12KRKROGER COhistory →COM2.37%$8M146.7K
13GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.23%$8M51.9K
14PGPROCTER AND GAMBLE COhistory →COM2.20%$8M48.1K
15EMREMERSON ELEC COhistory →COM2.16%$8M67.4K
16CSCOCISCO SYS INChistory →COM2.01%$7M142.8K
17PWRQUANTA SVCS INChistory →COM2.01%$7M27.4K
18KOCOCA COLA COhistory →COM1.90%$7M109.4K
19ABTABBOTT LABShistory →COM1.80%$6M56.1K
20ACCENTURE PLC IRELANDSHS CLASS A1.75%$6M17.9K
21SYKSTRYKER CORPORATIONhistory →COM1.74%$6M17.1K
22EXMOCEXXON MOBIL CORPhistory →COM1.71%$6M52.2K
23USBUS BANCORP DELhistory →COM NEW1.67%$6M131.2K
24JPMJPMORGAN CHASE & COhistory →COM1.62%$6M28.7K
25MEDTRONIC PLCSHS1.59%$6M64.2K
26AFLAFLAC INChistory →COM1.56%$6M64.3K
27SYYSYSCO CORPhistory →COM1.42%$5M61.9K
28FISVFISERV INChistory →COM1.38%$5M30.6K
29STLDSTEEL DYNAMICS INChistory →COM1.31%$5M31.3K
30ZBHZIMMER BIOMET HOLDINGS INChistory →COM1.29%$5M34.6K
31GPCGENUINE PARTS COhistory →COM1.24%$4M28.1K
32INTCINTEL CORPhistory →COM1.11%$4M89.0K
33NEENEXTERA ENERGY INChistory →COM1.05%$4M58.2K
34CINFCINCINNATI FINL CORPhistory →COM1.02%$4M29.0K
35GILDGILEAD SCIENCES INChistory →COM1.01%$4M48.9K
36MMM3M COCOM0.99%$4M33.2K
37FFIVF5 INCCOM0.87%$3M16.3K
38UPSUNITED PARCEL SERVICE INCCL B0.86%$3M20.6K
39PFEPFIZER INCCOM0.85%$3M108.2K
40DISDISNEY WALT COCOM0.77%$3M22.3K
41VANGUARD MALVERN FDSSTRM INFPROIDX0.76%$3M56.0K
42FLSFLOWSERVE CORPCOM0.72%$3M56.1K
43DYHTARGET CORPCOM0.71%$3M14.1K
44BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.69%$2M5.8K
45WBAWALGREENS BOOTS ALLIANCE INCCOM0.68%$2M110.9K
46VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.67%$2M56.7K
47CHVCHEVRON CORP NEWCOM0.65%$2M14.6K
48CARRCARRIER GLOBAL CORPORATIONCOM0.65%$2M39.4K
49GENERAL ELECTRIC COCOM NEW0.54%$2M11.0K

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 ↗.