SEC 13F Intelligence

Managers / Q1 2025 · view latest →

MONARCH CAPITAL MANAGEMENT INC

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

Reported Value
$360M
Q1 2025
Positions
115
Filings on Record
30
2019–present window
Filed
Apr 15, 2025
original filing

Summary

Monarch Capital Management Inc reported $360M in U.S.-listed holdings across 115 positions for Q1 2025.

Its largest position, MSFT, represents 5.2% of the portfolio.

Compared with Q4 2024, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+4.3%
vs prior filed quarter
Top-10 Concentration
+34.0%
share of reported value
Largest Position
+5.2%
Microsoft
New / Exited
3 / 2
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: 93.7%Other: 4.1%ETP: 1.9%ADR: 0.3%
  • Common Stock · 93.7% · $337M
  • Other · 4.1% · $15M
  • ETP · 1.9% · $7M
  • ADR · 0.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMGNAMGEN INCNEW+760760+$236,778$236,778
NINISOURCE INCNEW+5.4K5.4K+$215,284$215,284
IBMINTERNATIONAL BUSINESS MACHSNEW+851851+$211,610$211,610
CRMSALESFORCE INCSOLD OUT−6500−$217,575$0
ISHARES TRSOLD OUT−9540−$210,796$0
DGDOLLAR GEN CORP NEWADDED+4.5K15.8K+$529,790$1M
GOOGLALPHABET INCADDED+4.6K16.9K+$293,353$3M
REGNREGENERON PHARMACEUTICALSADDED+3371.4K+$130,402$890,459

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

Holdings — Q1 2025

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.23%$19M50.2K
2AAPLAPPLE INChistory →COM3.95%$14M64.0K
3HDHOME DEPOT INChistory →COM3.40%$12M33.4K
4WMTWALMART INChistory →COM3.40%$12M139.0K
5MCDMCDONALDS CORPhistory →COM3.38%$12M38.9K
6ADPAUTOMATIC DATA PROCESSING INhistory →COM3.06%$11M35.8K
7MRKMERCK & CO INChistory →COM2.99%$11M119.2K
8ABBVABBVIE INChistory →COM2.99%$11M51.3K
9JNJJOHNSON & JOHNSONhistory →COM2.85%$10M61.9K
10KRKROGER COhistory →COM2.69%$10M143.2K
11FELEFRANKLIN ELEC INChistory →COM2.52%$9M96.7K
12LKFNLAKELAND FINL CORPhistory →COM2.52%$9M152.8K
13CSCOCISCO SYS INChistory →COM2.41%$9M140.6K
14GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.40%$9M55.5K
15PGPROCTER AND GAMBLE COhistory →COM2.19%$8M46.2K
16KOCOCA COLA COhistory →COM2.04%$7M102.1K
17ABTABBOTT LABShistory →COM2.02%$7M54.7K
18EMREMERSON ELEC COhistory →COM1.89%$7M62.2K
19AFLAFLAC INChistory →COM1.83%$7M59.2K
20FISVFISERV INChistory →COM1.79%$6M29.1K
21EXMOCEXXON MOBIL CORPhistory →COM1.67%$6M50.5K
22PWRQUANTA SVCS INChistory →COM1.63%$6M23.1K
23USBUS BANCORP DELhistory →COM NEW1.55%$6M130.2K
24SYKSTRYKER CORPORATIONhistory →COM1.54%$6M14.9K
25JPMJPMORGAN CHASE & CO.history →COM1.54%$6M22.6K
26MEDTRONIC PLCSHS1.54%$6M61.2K
27ACCENTURE PLC IRELANDSHS CLASS A1.50%$5M17.3K
28GILDGILEAD SCIENCES INChistory →COM1.39%$5M44.7K
29MMM3M COhistory →COM1.27%$5M31.1K
30SYYSYSCO CORPhistory →COM1.22%$4M58.6K
31CINFCINCINNATI FINL CORPhistory →COM1.17%$4M28.2K
32NEENEXTERA ENERGY INChistory →COM1.14%$4M57.9K
33FFIVF5 INChistory →COM1.09%$4M14.8K
34ZBHZIMMER BIOMET HOLDINGS INChistory →COM1.08%$4M34.3K
35GPCGENUINE PARTS COhistory →COM1.07%$4M32.1K
36STLDSTEEL DYNAMICS INChistory →COM1.07%$4M30.7K
37APDAIR PRODS & CHEMS INCCOM0.97%$4M11.9K
38UPSUNITED PARCEL SERVICE INCCL B0.91%$3M29.7K
39BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.85%$3M5.8K
40PFEPFIZER INCCOM0.82%$3M115.8K
41VANGUARD MALVERN FDSSTRM INFPROIDX0.73%$3M52.7K
42VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.70%$3M55.5K
43CARRCARRIER GLOBAL CORPORATIONCOM0.67%$2M38.3K
44FLSFLOWSERVE CORPCOM0.65%$2M47.8K
45CHVCHEVRON CORP NEWCOM0.64%$2M13.8K
46RTXRTX CORPORATIONCOM0.62%$2M16.7K
47CHUBB LIMITEDCOM0.58%$2M6.9K
48DISDISNEY WALT COCOM0.58%$2M21.2K
49INTCINTEL CORPCOM0.57%$2M91.0K

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 ↗.