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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

MONARCH CAPITAL MANAGEMENT INC/

Quarter ended Q1 2023 · Filed January 26, 2023 · Accession 0000938759-23-000001

Total Value
$326.1M
Positions
109
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (109)

#IssuerTicker / CUSIPSharesValue% of Filing
1MERCK & CO INCMRK126,717$14.1M4.33%
2MICROSOFT CORPMSFT55,760$13.4M4.10%
3LAKELAND FINL CORP511656100169,965$12.4M3.80%
4MCDONALDS CORPMCD43,504$11.5M3.52%
5HOME DEPOT INCHD35,299$11.1M3.42%
6JOHNSON & JOHNSONJNJ55,209$9.8M2.99%
7AUTOMATIC DATA PROCESSING INADP40,420$9.7M2.97%
8APPLE INCAAPL73,918$9.6M2.95%
9ABBVIE INCABBV57,452$9.3M2.85%
10FRANKLIN ELEC INCFELE115,072$9.2M2.81%
11WALMART INCWMT59,735$8.5M2.61%
12PROCTER AND GAMBLE CO74271810950,772$7.7M2.36%
13COCA COLA COKO114,814$7.3M2.24%
14CISCO SYS INCCSCO149,566$7.1M2.19%
15EMERSON ELEC COEMR70,452$6.8M2.08%
16ABBOTT LABSABLZF59,790$6.6M2.01%
17KROGER COKR145,781$6.5M1.99%
18EXXON MOBIL CORPXOM53,458$5.9M1.81%
19PFIZER INCPFE108,093$5.5M1.70%
20ACCENTURE PLC IRELANDACN19,775$5.3M1.62%
21QUANTA SVCS INC74762E10236,780$5.2M1.61%
22MEDTRONIC PLCMDT65,526$5.1M1.57%
23AFLAC INCAFL70,756$5.1M1.56%
24NEXTERA ENERGY INCNEE-PW60,576$5.1M1.55%
25SYSCO CORPSYY66,186$5.1M1.55%
26GENUINE PARTS COGPC28,386$4.9M1.51%
27STRYKER CORPORATIONSYK19,986$4.9M1.50%
28ZIMMER BIOMET HOLDINGS INCZBH36,548$4.7M1.43%
29WALGREENS BOOTS ALLIANCE INC931427108122,295$4.6M1.40%
30GILEAD SCIENCES INCGILD53,201$4.6M1.40%
313M COMMM37,931$4.5M1.40%
32US BANCORP DELUSB-PS99,451$4.4M1.34%
33JPMORGAN CHASE & COVYLD32,171$4.3M1.32%
34STEEL DYNAMICS INCSTLD38,686$3.8M1.16%
35ALPHABET INCGOOG40,712$3.6M1.11%
36VANGUARD MALVERN FDS92202080575,000$3.5M1.07%
37FISERV INCFISV32,300$3.3M1.00%
38CINCINNATI FINL CORP17206210129,873$3.1M0.94%
39VANGUARD INTL EQUITY INDEX F92204285871,793$2.8M0.86%
40UNITED PARCEL SERVICE INCUPS15,695$2.7M0.84%
41CHEVRON CORP NEWCVX14,894$2.7M0.82%
42INTEL CORPINTC92,984$2.5M0.75%
43F5 INCFFIV15,385$2.2M0.68%
44CORECARD CORPORATION45816D10075,658$2.2M0.67%
45AIR PRODS & CHEMS INCAIIR6,626$2.1M0.63%
46TARGET CORPTGT13,310$2.0M0.61%
47DISNEY WALT CO25468710622,513$2.0M0.60%
48PEPSICO INCPEP10,396$1.9M0.58%
49BERKSHIRE HATHAWAY INC DELBRK-A5,953$1.8M0.56%
50AES CORPAES63,654$1.8M0.56%
51BRISTOL-MYERS SQUIBB COCELG-RI25,319$1.8M0.56%
52FLOWSERVE CORPFLS59,073$1.8M0.56%
53CARRIER GLOBAL CORPORATIONCARR41,638$1.7M0.53%
54RAYTHEON TECHNOLOGIES CORPRTX16,444$1.7M0.51%
55CHUBB LIMITEDCB7,421$1.6M0.50%
56PPL CORPPPLC54,929$1.6M0.49%
57AT&T INCT-PC78,325$1.4M0.44%
58JACOBS SOLUTIONS INCJ11,181$1.3M0.41%
59ROGERS COMMUNICATIONS INCRCIAF27,463$1.3M0.40%
60PHILIP MORRIS INTL INC71817210911,425$1.2M0.36%
61OTIS WORLDWIDE CORPOTIS14,935$1.2M0.36%
62ALPHABET INCGOOG12,100$1.1M0.33%
63GENERAL ELECTRIC CO36960430112,546$1.1M0.32%
64WELLS FARGO CO NEW94974610124,764$1.0M0.31%
65ARCHER DANIELS MIDLAND COADM10,966$1.0M0.31%
66SCOTTS MIRACLE-GRO COSMG20,013$972,4320.30%
67BP PLCBPPFF24,768$865,1460.27%
68ELEVANCE HEALTH INCELV1,671$857,1730.26%
69ONEOK INC NEWOKE12,479$819,8700.25%
70GRAINGER W W INC3848021041,471$818,2440.25%
71LINDE PLCLIN2,306$752,1710.23%
72NORFOLK SOUTHN CORP6558441083,030$746,6530.23%
73NORTHERN TR CORPNTRSO8,107$723,2060.22%
74KIMBERLY-CLARK CORPKMB5,288$723,1720.22%
75LOCKHEED MARTIN CORPLMT1,448$704,4380.22%
76DOLLAR GEN CORP NEW2566771052,828$697,7140.21%
77PLEXUS CORPPLXS6,450$663,8980.20%
78COLGATE PALMOLIVE COCL7,399$582,9670.18%
79LILLY ELI & COLLY1,489$544,7360.17%
80VANGUARD TAX-MANAGED FDS92194385812,540$526,3040.16%
81NUCOR CORPNUE3,927$519,6210.16%
82ALTRIA GROUP INCMO11,101$517,0630.16%
83PNC FINL SVCS GROUP INC6934751053,246$512,6730.16%
84CANADIAN NATL RY CO1363751024,190$498,1070.15%
85BERKSHIRE HATHAWAY INC DELBRK-A1$468,7110.14%
86NIKE INCNKE4,000$468,0400.14%
87REGENERON PHARMACEUTICALSREGN648$467,5260.14%
88VERIZON COMMUNICATIONS INCVZ11,751$462,9890.14%
89VODAFONE GROUP PLC NEW92857W30841,170$447,0680.14%
90ILLINOIS TOOL WKS INC4523081091,972$436,7530.13%
91SPDR S&P 500 ETF TRSPY1,097$421,4800.13%
92FIRST MERCHANTS CORPFRMEP9,718$399,5070.12%
93COSTCO WHSL CORP NEW22160K105868$396,2420.12%
94VISA INCV1,876$389,7580.12%
95BLACK HILLS CORPBKH5,480$385,4630.12%
96SHERWIN WILLIAMS COSHW1,591$377,5920.12%
97COPART INCCPRT5,716$348,0470.11%
98ORACLE CORPORCL-PD4,033$329,6570.10%
99ZIMVIE INC98888T10735,285$329,5620.10%
100CATERPILLAR INCCAT1,317$315,5010.10%
101CHECK POINT SOFTWARE TECH LTM224651042,477$312,4980.10%
102CONOCOPHILLIPSCOP2,488$295,3260.09%
103SPDR SER TR78468R7396,283$295,1750.09%
104ISHARES TR4642872347,340$278,1860.09%
105CINTAS CORPCTAS600$270,9720.08%
106CONSTELLATION BRANDS INCSTZ1,111$257,4740.08%
107CVS HEALTH CORPCVS2,302$214,5230.07%
108VIATRIS INCVTRS18,873$210,0560.06%
109VERA BRADLEY INCVRA18,500$83,8050.03%