SEC 13F Intelligence

Managers / Q4 2025 · view latest →

MONARCH CAPITAL MANAGEMENT INC

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

Reported Value
$407M
Q4 2025
Positions
124
Filings on Record
30
2019–present window
Filed
Jan 23, 2026
original filing

Summary

Monarch Capital Management Inc reported $407M in U.S.-listed holdings across 124 positions for Q4 2025.

Its largest position, MSFT, represents 5.7% of the portfolio.

Compared with Q3 2025, the fund opened 5 new positions and exited 3.

Portfolio Metrics

Turnover
+5.6%
vs prior filed quarter
Top-10 Concentration
+33.7%
share of reported value
Largest Position
+5.7%
Microsoft
New / Exited
5 / 3
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: 91.1%ETP: 5.0%Other: 3.5%ADR: 0.4%
  • Common Stock · 91.1% · $371M
  • ETP · 5.0% · $20M
  • Other · 3.5% · $14M
  • ADR · 0.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EEFTEURONET WORLDWIDE INCNEW+30.0K30.0K+$2M$2M
CSLCARLISLE COS INCNEW+847847+$270,922$270,922
AMATAPPLIED MATLS INCNEW+970970+$249,281$249,281
PGRPROGRESSIVE CORPNEW+900900+$204,948$204,948
STRIVE INCNEW+10.0K10.0K+$7,380$7,380
CRMSALESFORCE INCADDED+3.7K5.5K+$1M$1M
NVONOVO-NORDISK A SADDED+5.7K9.9K+$269,748$503,916
CORECARD CORPORATIONSOLD OUT−100.3K0−$3M$0

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

Holdings — Q4 2025

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.73%$23M48.2K
2AAPLAPPLE INChistory →COM4.19%$17M62.8K
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A4.19%$17M54.4K
4WMTWALMART INChistory →COM3.45%$14M125.9K
5MRKMERCK & CO INChistory →COM3.20%$13M122.9K
6JNJJOHNSON & JOHNSONhistory →COM3.10%$13M60.9K
7MCDMCDONALDS CORPhistory →COM2.93%$12M39.0K
8HDHOME DEPOT INChistory →COM2.81%$11M33.2K
9ABBVABBVIE INChistory →COM2.79%$11M49.6K
10CSCOCISCO SYS INChistory →COM2.58%$11M136.4K
11ISHARES TR0-3 MNTH TREASRY2.43%$10M98.4K
12KRKROGER COhistory →COM2.29%$9M148.9K
13FELEFRANKLIN ELEC INChistory →COM2.26%$9M96.3K
14ADPAUTOMATIC DATA PROCESSING INhistory →COM2.24%$9M35.3K
15LKFNLAKELAND FINL CORPhistory →COM2.15%$9M153.5K
16PWRQUANTA SVCS INChistory →COM1.92%$8M18.5K
17EMREMERSON ELEC COhistory →COM1.87%$8M57.2K
18USBUS BANCORP DELhistory →COM NEW1.71%$7M129.4K
19ABTABBOTT LABShistory →COM1.67%$7M54.3K
20JPMJPMORGAN CHASE & CO.history →COM1.66%$7M20.9K
21PGPROCTER AND GAMBLE COhistory →COM1.63%$7M46.3K
22KOCOCA COLA COhistory →COM1.62%$7M94.5K
23AFLAFLAC INChistory →COM1.54%$6M57.0K
24EXMOCEXXON MOBIL CORPhistory →COM1.47%$6M49.6K
25MEDTRONIC PLCSHS1.40%$6M58.9K
26GILDGILEAD SCIENCES INChistory →COM1.31%$5M43.5K
27STLDSTEEL DYNAMICS INChistory →COM1.26%$5M30.1K
28SYKSTRYKER CORPORATIONhistory →COM1.24%$5M14.3K
29MMM3M COhistory →COM1.22%$5M30.9K
30ACCENTURE PLC IRELANDSHS CLASS A1.19%$5M18.0K
31NEENEXTERA ENERGY INChistory →COM1.15%$5M58.4K
32CINFCINCINNATI FINL CORPhistory →COM1.11%$5M27.6K
33GPCGENUINE PARTS COhistory →COM1.03%$4M33.8K
34SYYSYSCO CORPhistory →COM1.01%$4M55.8K
35FFIVF5 INCCOM0.91%$4M14.5K
36FLSFLOWSERVE CORPCOM0.83%$3M48.8K
37ZBHZIMMER BIOMET HOLDINGS INCCOM0.82%$3M37.1K
38APDAIR PRODS & CHEMS INCCOM0.82%$3M13.5K
39INTCINTEL CORPCOM0.79%$3M87.0K
40PFEPFIZER INCCOM0.77%$3M125.8K
41UPSUNITED PARCEL SERVICE INCCL B0.75%$3M30.6K
42RTXRTX CORPORATIONCOM0.74%$3M16.3K
43VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.69%$3M52.2K
44BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.69%$3M5.6K
45FISVFISERV INCCOM0.68%$3M41.4K
46VANGUARD MALVERN FDSSTRM INFPROIDX0.64%$3M52.5K
47DGDOLLAR GEN CORP NEWCOM0.61%$2M18.8K
48REGNREGENERON PHARMACEUTICALSCOM0.59%$2M3.1K
49CARRCARRIER GLOBAL CORPORATIONCOM0.58%$2M44.8K

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 ↗.