SEC 13F Intelligence

Managers / Q2 2024 · view latest →

MONARCH CAPITAL MANAGEMENT INC

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

Reported Value
$340M
Q2 2024
Positions
114
Filings on Record
30
2019–present window
Filed
Jul 24, 2024
original filing

Summary

Monarch Capital Management Inc reported $340M in U.S.-listed holdings across 114 positions for Q2 2024.

Its largest position, MSFT, represents 6.7% of the portfolio.

Compared with Q1 2024, the fund opened 2 new positions and exited 4.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+35.5%
share of reported value
Largest Position
+6.7%
Microsoft
New / Exited
2 / 4
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: 93.6%Other: 4.0%ETP: 2.0%ADR: 0.3%
  • Common Stock · 93.6% · $319M
  • Other · 4.0% · $14M
  • ETP · 2.0% · $7M
  • ADR · 0.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GEVGE VERNOVA INCNEW+2.5K2.5K+$434,092$434,092
SOLVSOLVENTUM CORPNEW+5.8K5.8K+$304,695$304,695
GEHCGE HEALTHCARE TECHNOLOGIES ISOLD OUT−2.6K0−$237,094$0
DUTMOODYS CORPSOLD OUT−6000−$235,818$0
DEDEERE & COSOLD OUT−5320−$219,296$0
CRMSALESFORCE INCSOLD OUT−6830−$205,980$0
APDAIR PRODS & CHEMS INCADDED+3.8K10.1K+$1M$3M
PNCPNC FINL SVCS GROUP INCTRIMMED−9242.3K−$163,101$350,141

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

Holdings — Q2 2024

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.68%$23M50.9K
2MRKMERCK & CO INChistory →COM4.24%$14M115.9K
3AAPLAPPLE INChistory →COM4.02%$14M65.0K
4HDHOME DEPOT INChistory →COM3.44%$12M34.0K
5WMTWALMART INChistory →COM3.04%$10M153.0K
6MCDMCDONALDS CORPhistory →COM2.99%$10M39.9K
7FELEFRANKLIN ELEC INChistory →COM2.94%$10M103.9K
8LKFNLAKELAND FINL CORPhistory →COM2.87%$10M158.8K
9GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.73%$9M50.7K
10ABBVABBVIE INChistory →COM2.66%$9M52.8K
11ADPAUTOMATIC DATA PROCESSING INhistory →COM2.63%$9M37.2K
12JNJJOHNSON & JOHNSONhistory →COM2.53%$9M59.0K
13PGPROCTER AND GAMBLE COhistory →COM2.27%$8M46.9K
14KRKROGER COhistory →COM2.14%$7M145.9K
15EMREMERSON ELEC COhistory →COM2.14%$7M66.1K
16CSCOCISCO SYS INChistory →COM1.99%$7M142.5K
17KOCOCA COLA COhistory →COM1.97%$7M104.8K
18PWRQUANTA SVCS INChistory →COM1.90%$6M25.5K
19EXMOCEXXON MOBIL CORPhistory →COM1.73%$6M51.2K
20ABTABBOTT LABShistory →COM1.69%$6M55.4K
21JPMJPMORGAN CHASE & CO.history →COM1.66%$6M28.0K
22SYKSTRYKER CORPORATIONhistory →COM1.65%$6M16.5K
23AFLAFLAC INChistory →COM1.63%$6M62.2K
24ACCENTURE PLC IRELANDSHS CLASS A1.58%$5M17.8K
25USBUS BANCORP DELhistory →COM NEW1.54%$5M131.3K
26MEDTRONIC PLCSHS1.48%$5M63.7K
27FISVFISERV INChistory →COM1.33%$5M30.4K
28SYYSYSCO CORPhistory →COM1.28%$4M61.0K
29NEENEXTERA ENERGY INChistory →COM1.20%$4M57.4K
30STLDSTEEL DYNAMICS INChistory →COM1.18%$4M30.9K
31GPCGENUINE PARTS COhistory →COM1.18%$4M28.8K
32ZBHZIMMER BIOMET HOLDINGS INChistory →COM1.11%$4M34.6K
33CINFCINCINNATI FINL CORPhistory →COM1.01%$3M28.9K
34MMM3M COCOM0.98%$3M32.8K
35GILDGILEAD SCIENCES INCCOM0.97%$3M48.2K
36UPSUNITED PARCEL SERVICE INCCL B0.90%$3M22.4K
37PFEPFIZER INCCOM0.87%$3M106.1K
38FFIVF5 INCCOM0.84%$3M16.5K
39INTCINTEL CORPCOM0.82%$3M90.5K
40APDAIR PRODS & CHEMS INCCOM0.77%$3M10.1K
41VANGUARD MALVERN FDSSTRM INFPROIDX0.77%$3M53.8K
42FLSFLOWSERVE CORPCOM0.75%$3M52.7K
43CARRCARRIER GLOBAL CORPORATIONCOM0.73%$2M39.2K
44VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.72%$2M55.7K
45BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.70%$2M5.8K
46CHVCHEVRON CORP NEWCOM0.67%$2M14.5K
47DISDISNEY WALT COCOM0.64%$2M21.8K
48DYHTARGET CORPCOM0.61%$2M14.1K
49CHUBB LIMITEDCOM0.52%$2M7.0K

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 ↗.