13F HOLDINGS REPORT
MONARCH CAPITAL MANAGEMENT INC/
Quarter ended Q2 2025 · Filed August 20, 2025 · Accession 0000938759-25-000009
Total Value
$372.5M
Positions
117
Other Managers
0
Confidential Omitted
No
Holdings (117)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 49,183 | $24.5M | 6.57% |
| 2 | APPLE INC | AAPL | 66,967 | $13.7M | 3.69% |
| 3 | WALMART INC | WMT | 133,033 | $13.0M | 3.49% |
| 4 | HOME DEPOT INC | HD | 33,501 | $12.3M | 3.30% |
| 5 | MCDONALDS CORP | MCD | 38,158 | $11.1M | 2.99% |
| 6 | AUTOMATIC DATA PROCESSING IN | ADP | 35,329 | $10.9M | 2.94% |
| 7 | KROGER CO | KR | 142,909 | $10.3M | 2.75% |
| 8 | CISCO SYS INC | CSCO | 140,871 | $9.8M | 2.62% |
| 9 | MERCK & CO INC | MRK | 121,880 | $9.7M | 2.61% |
| 10 | ABBVIE INC | ABBV | 51,372 | $9.5M | 2.56% |
| 11 | JOHNSON & JOHNSON | JNJ | 62,282 | $9.5M | 2.55% |
| 12 | LAKELAND FINL CORP | 511656100 | 154,493 | $9.5M | 2.55% |
| 13 | FRANKLIN ELEC INC | FELE | 97,403 | $8.7M | 2.35% |
| 14 | QUANTA SVCS INC | 74762E102 | 21,696 | $8.2M | 2.20% |
| 15 | EMERSON ELEC CO | EMR | 59,232 | $7.9M | 2.12% |
| 16 | ABBOTT LABS | ABLZF | 53,674 | $7.3M | 1.96% |
| 17 | PROCTER AND GAMBLE CO | 742718109 | 45,690 | $7.3M | 1.95% |
| 18 | ALPHABET INC | GOOG | 39,631 | $7.0M | 1.89% |
| 19 | COCA COLA CO | KO | 97,429 | $6.9M | 1.86% |
| 20 | JPMORGAN CHASE & CO. | VYLD | 22,000 | $6.4M | 1.71% |
| 21 | AFLAC INC | AFL | 58,927 | $6.2M | 1.67% |
| 22 | US BANCORP DEL | USB-PS | 133,802 | $6.1M | 1.64% |
| 23 | STRYKER CORPORATION | SYK | 14,411 | $5.7M | 1.53% |
| 24 | EXXON MOBIL CORP | XOM | 51,436 | $5.5M | 1.49% |
| 25 | MEDTRONIC PLC | MDT | 61,569 | $5.4M | 1.45% |
| 26 | ACCENTURE PLC IRELAND | ACN | 17,789 | $5.3M | 1.43% |
| 27 | FISERV INC | FISV | 30,320 | $5.2M | 1.40% |
| 28 | GILEAD SCIENCES INC | GILD | 44,649 | $5.0M | 1.33% |
| 29 | 3M CO | MMM | 30,849 | $4.7M | 1.26% |
| 30 | F5 INC | FFIV | 15,056 | $4.4M | 1.19% |
| 31 | SYSCO CORP | SYY | 58,043 | $4.4M | 1.18% |
| 32 | CINCINNATI FINL CORP | 172062101 | 28,125 | $4.2M | 1.13% |
| 33 | GENUINE PARTS CO | GPC | 33,651 | $4.1M | 1.10% |
| 34 | NEXTERA ENERGY INC | NEE-PW | 58,665 | $4.1M | 1.09% |
| 35 | STEEL DYNAMICS INC | STLD | 31,481 | $4.0M | 1.08% |
| 36 | AIR PRODS & CHEMS INC | AIIR | 12,579 | $3.5M | 0.95% |
| 37 | ZIMMER BIOMET HOLDINGS INC | ZBH | 35,028 | $3.2M | 0.86% |
| 38 | UNITED PARCEL SERVICE INC | UPS | 29,763 | $3.0M | 0.81% |
| 39 | CORECARD CORPORATION | 45816D100 | 101,425 | $2.9M | 0.79% |
| 40 | ALPHABET INC | GOOG | 16,596 | $2.9M | 0.79% |
| 41 | PFIZER INC | PFE | 120,120 | $2.9M | 0.78% |
| 42 | CARRIER GLOBAL CORPORATION | CARR | 39,116 | $2.9M | 0.77% |
| 43 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 5,784 | $2.8M | 0.75% |
| 44 | VANGUARD INTL EQUITY INDEX F | 922042858 | 55,171 | $2.7M | 0.73% |
| 45 | FLOWSERVE CORP | FLS | 49,936 | $2.6M | 0.70% |
| 46 | VANGUARD MALVERN FDS | 922020805 | 50,836 | $2.6M | 0.69% |
| 47 | DISNEY WALT CO | 254687106 | 20,557 | $2.5M | 0.68% |
| 48 | RTX CORPORATION | RTX | 16,694 | $2.4M | 0.65% |
| 49 | GE AEROSPACE | 369604301 | 8,502 | $2.2M | 0.59% |
| 50 | CHUBB LIMITED | CB | 7,137 | $2.1M | 0.56% |
| 51 | INTEL CORP | INTC | 90,300 | $2.0M | 0.54% |
| 52 | CHEVRON CORP NEW | CVX | 14,081 | $2.0M | 0.54% |
| 53 | PHILIP MORRIS INTL INC | 718172109 | 10,538 | $1.9M | 0.52% |
| 54 | DOLLAR GEN CORP NEW | 256677105 | 16,461 | $1.9M | 0.51% |
| 55 | ROGERS COMMUNICATIONS INC | RCIAF | 62,053 | $1.8M | 0.49% |
| 56 | VERIZON COMMUNICATIONS INC | VZ | 42,479 | $1.8M | 0.49% |
| 57 | PPL CORP | PPLC | 46,136 | $1.6M | 0.42% |
| 58 | PEPSICO INC | PEP | 11,059 | $1.5M | 0.39% |
| 59 | TARGET CORP | TGT | 14,610 | $1.4M | 0.39% |
| 60 | SCOTTS MIRACLE-GRO CO | SMG | 21,752 | $1.4M | 0.39% |
| 61 | ONEOK INC NEW | OKE | 16,691 | $1.4M | 0.37% |
| 62 | LOCKHEED MARTIN CORP | LMT | 2,911 | $1.3M | 0.36% |
| 63 | AES CORP | AES | 126,915 | $1.3M | 0.36% |
| 64 | GRAINGER W W INC | 384802104 | 1,275 | $1.3M | 0.36% |
| 65 | ELI LILLY & CO | LLY | 1,619 | $1.3M | 0.34% |
| 66 | REGENERON PHARMACEUTICALS | REGN | 2,345 | $1.2M | 0.33% |
| 67 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 24,455 | $1.1M | 0.30% |
| 68 | GE VERNOVA INC | GEV | 1,942 | $1.0M | 0.28% |
| 69 | ARCHER DANIELS MIDLAND CO | ADM | 18,600 | $981,708 | 0.26% |
| 70 | LINDE PLC | LIN | 1,982 | $929,915 | 0.25% |
| 71 | OTIS WORLDWIDE CORP | OTIS | 9,113 | $902,370 | 0.24% |
| 72 | WALGREENS BOOTS ALLIANCE INC | 931427108 | 78,096 | $896,543 | 0.24% |
| 73 | COSTCO WHSL CORP NEW | 22160K105 | 854 | $845,409 | 0.23% |
| 74 | ORACLE CORP | ORCL-PD | 3,859 | $843,694 | 0.23% |
| 75 | PLEXUS CORP | PLXS | 6,150 | $832,157 | 0.22% |
| 76 | JACOBS SOLUTIONS INC | J | 6,313 | $829,844 | 0.22% |
| 77 | NORTHERN TR CORP | NTRSO | 6,447 | $822,724 | 0.22% |
| 78 | WELLS FARGO CO NEW | 949746101 | 9,996 | $800,880 | 0.22% |
| 79 | SPDR S&P 500 ETF TR | SPY | 1,252 | $775,155 | 0.21% |
| 80 | ZIMVIE INC | 98888T107 | 80,374 | $751,497 | 0.20% |
| 81 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1 | $728,800 | 0.20% |
| 82 | VISA INC | V | 2,039 | $723,947 | 0.19% |
| 83 | NORFOLK SOUTHN CORP | 655844108 | 2,590 | $662,963 | 0.18% |
| 84 | COPART INC | CPRT | 13,486 | $661,759 | 0.18% |
| 85 | COLGATE PALMOLIVE CO | CL | 7,209 | $655,299 | 0.18% |
| 86 | CHECK POINT SOFTWARE TECH LT | M22465104 | 2,781 | $615,297 | 0.17% |
| 87 | BP PLC | BPPFF | 20,296 | $607,460 | 0.16% |
| 88 | KIMBERLY-CLARK CORP | KMB | 4,372 | $568,289 | 0.15% |
| 89 | ALTRIA GROUP INC | MO | 9,407 | $560,261 | 0.15% |
| 90 | AMAZON COM INC | AMZN | 2,518 | $552,425 | 0.15% |
| 91 | CINTAS CORP | CTAS | 2,400 | $534,888 | 0.14% |
| 92 | CATERPILLAR INC | CAT | 1,237 | $480,216 | 0.13% |
| 93 | DEERE & CO | DE | 908 | $463,180 | 0.12% |
| 94 | SHERWIN WILLIAMS CO | SHW | 1,335 | $458,386 | 0.12% |
| 95 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,981 | $450,223 | 0.12% |
| 96 | ELEVANCE HEALTH INC | ELV | 1,153 | $448,471 | 0.12% |
| 97 | PNC FINL SVCS GROUP INC | 693475105 | 2,252 | $419,818 | 0.11% |
| 98 | AT&T INC | T-PC | 14,256 | $412,569 | 0.11% |
| 99 | NUCOR CORP | NUE | 3,134 | $407,703 | 0.11% |
| 100 | VANGUARD TAX-MANAGED FDS | 921943858 | 6,808 | $388,125 | 0.10% |
| 101 | ILLINOIS TOOL WKS INC | 452308109 | 1,513 | $375,749 | 0.10% |
| 102 | CANADIAN NATL RY CO | 136375102 | 3,537 | $369,338 | 0.10% |
| 103 | NVIDIA CORPORATION | NVDA | 2,284 | $360,872 | 0.10% |
| 104 | FIRST MERCHANTS CORP | FRMEP | 8,918 | $341,560 | 0.09% |
| 105 | NIKE INC | NKE | 4,570 | $326,481 | 0.09% |
| 106 | ISHARES TR | 464287481 | 2,256 | $312,863 | 0.08% |
| 107 | VANGUARD SCOTTSDALE FDS | 92206C664 | 3,546 | $309,283 | 0.08% |
| 108 | BLACK HILLS CORP | BKH | 5,485 | $307,709 | 0.08% |
| 109 | CONOCOPHILLIPS | COP | 2,938 | $263,665 | 0.07% |
| 110 | INTERNATIONAL BUSINESS MACHS | INTR | 851 | $250,858 | 0.07% |
| 111 | VANGUARD INDEX FDS | 922908769 | 788 | $240,217 | 0.06% |
| 112 | MONDELEZ INTL INC | 609207105 | 3,500 | $237,473 | 0.06% |
| 113 | NISOURCE INC | NI | 5,370 | $216,626 | 0.06% |
| 114 | AMGEN INC | AMGN | 760 | $212,200 | 0.06% |
| 115 | TEXAS INSTRS INC | 882508104 | 1,007 | $209,074 | 0.06% |
| 116 | ISHARES TR | 464287655 | 954 | $205,864 | 0.06% |
| 117 | HECLA MNG CO | 422704106 | 10,900 | $65,291 | 0.02% |