SEC 13F Intelligence

Managers / Q4 2024 · view latest →

MONARCH CAPITAL MANAGEMENT INC

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

Reported Value
$365M
Q4 2024
Positions
114
Filings on Record
30
2019–present window
Filed
Jan 15, 2025
original filing

Summary

Monarch Capital Management Inc reported $365M in U.S.-listed holdings across 114 positions for Q4 2024.

Its largest position, MSFT, represents 5.8% of the portfolio.

Compared with Q3 2024, the fund opened 1 new position and exited 5.

Portfolio Metrics

Turnover
+3.2%
vs prior filed quarter
Top-10 Concentration
+35.0%
share of reported value
Largest Position
+5.8%
Microsoft
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: 93.8%Other: 4.0%ETP: 2.0%ADR: 0.3%
  • Common Stock · 93.8% · $342M
  • Other · 4.0% · $15M
  • ETP · 2.0% · $7M
  • ADR · 0.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRMSALESFORCE INCNEW+650650+$217,575$217,575
DGDOLLAR GEN CORP NEWADDED+7.3K11.3K+$520,778$858,889
REGNREGENERON PHARMACEUTICALSADDED+5491.1K+$215,514$760,057
SOLVSOLVENTUM CORPSOLD OUT−4.2K0−$293,452$0
AMTMAMENTUM HOLDINGS INCSOLD OUT−7.7K0−$248,809$0
AMGNAMGEN INCSOLD OUT−7600−$244,880$0
ISHARES TRSOLD OUT−4.9K0−$225,861$0
TXNTEXAS INSTRS INCSOLD OUT−9880−$204,092$0

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

Holdings — Q4 2024

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.82%$21M50.4K
2AAPLAPPLE INChistory →COM4.52%$16M65.8K
3WMTWALMART INChistory →COM3.61%$13M145.7K
4HDHOME DEPOT INChistory →COM3.59%$13M33.7K
5MRKMERCK & CO INChistory →COM3.20%$12M116.9K
6MCDMCDONALDS CORPhistory →COM3.15%$11M39.7K
7LKFNLAKELAND FINL CORPhistory →COM2.92%$11M155.1K
8ADPAUTOMATIC DATA PROCESSING INhistory →COM2.91%$11M36.1K
9FELEFRANKLIN ELEC INChistory →COM2.65%$10M99.4K
10GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.63%$10M50.4K
11ABBVABBVIE INChistory →COM2.58%$9M53.0K
12KRKROGER COhistory →COM2.43%$9M145.1K
13JNJJOHNSON & JOHNSONhistory →COM2.39%$9M60.3K
14CSCOCISCO SYS INChistory →COM2.32%$8M143.4K
15EMREMERSON ELEC COhistory →COM2.14%$8M63.1K
16PGPROCTER AND GAMBLE COhistory →COM2.14%$8M46.6K
17PWRQUANTA SVCS INChistory →COM2.08%$8M24.0K
18KOCOCA COLA COhistory →COM1.78%$7M104.5K
19JPMJPMORGAN CHASE & CO.history →COM1.76%$6M26.8K
20AFLAFLAC INChistory →COM1.75%$6M61.7K
21ABTABBOTT LABShistory →COM1.74%$6M56.2K
22USBUS BANCORP DELhistory →COM NEW1.74%$6M131.3K
23ACCENTURE PLC IRELANDSHS CLASS A1.70%$6M17.7K
24FISVFISERV INChistory →COM1.68%$6M29.8K
25SYKSTRYKER CORPORATIONhistory →COM1.58%$6M16.0K
26EXMOCEXXON MOBIL CORPhistory →COM1.50%$5M50.8K
27MEDTRONIC PLCSHS1.39%$5M63.1K
28SYYSYSCO CORPhistory →COM1.26%$5M60.3K
29GILDGILEAD SCIENCES INChistory →COM1.19%$4M47.1K
30MMM3M COhistory →COM1.15%$4M32.5K
31NEENEXTERA ENERGY INChistory →COM1.15%$4M58.3K
32CINFCINCINNATI FINL CORPhistory →COM1.13%$4M28.5K
33FFIVF5 INChistory →COM1.10%$4M16.0K
34GPCGENUINE PARTS COhistory →COM1.01%$4M31.5K
35ZBHZIMMER BIOMET HOLDINGS INChistory →COM1.00%$4M34.6K
36STLDSTEEL DYNAMICS INCCOM0.97%$4M31.0K
37UPSUNITED PARCEL SERVICE INCCL B0.94%$3M27.2K
38APDAIR PRODS & CHEMS INCCOM0.93%$3M11.7K
39PFEPFIZER INCCOM0.84%$3M115.4K
40FLSFLOWSERVE CORPCOM0.78%$3M49.1K
41CARRCARRIER GLOBAL CORPORATIONCOM0.72%$3M38.5K
42VANGUARD MALVERN FDSSTRM INFPROIDX0.72%$3M53.9K
43BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.71%$3M5.8K
44VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.67%$2M55.6K
45DISDISNEY WALT COCOM0.67%$2M21.9K
46CORECARD CORPORATIONCOM0.61%$2M98.0K
47CHVCHEVRON CORP NEWCOM0.56%$2M14.2K
48RTXRTX CORPORATIONCOM0.53%$2M16.9K
49DYHTARGET CORPCOM0.53%$2M14.2K

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 ↗.