13F HOLDINGS REPORT
MONARCH CAPITAL MANAGEMENT INC/
Quarter ended Q3 2025 · Filed October 20, 2025 · Accession 0000938759-25-000010
Total Value
$407.9M
Positions
122
Other Managers
0
Confidential Omitted
No
Holdings (122)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 48,497 | $25.1M | 6.16% |
| 2 | APPLE INC | AAPL | 65,067 | $16.6M | 4.06% |
| 3 | HOME DEPOT INC | HD | 33,412 | $13.5M | 3.32% |
| 4 | WALMART INC | WMT | 130,524 | $13.5M | 3.30% |
| 5 | ISHARES TR | 46436E718 | 131,699 | $13.3M | 3.25% |
| 6 | MCDONALDS CORP | MCD | 39,028 | $11.9M | 2.91% |
| 7 | ABBVIE INC | ABBV | 50,474 | $11.7M | 2.87% |
| 8 | JOHNSON & JOHNSON | JNJ | 62,457 | $11.6M | 2.84% |
| 9 | MERCK & CO INC | MRK | 123,342 | $10.4M | 2.56% |
| 10 | AUTOMATIC DATA PROCESSING IN | ADP | 35,021 | $10.3M | 2.53% |
| 11 | LAKELAND FINL CORP | 511656100 | 153,938 | $9.9M | 2.42% |
| 12 | KROGER CO | KR | 144,872 | $9.8M | 2.39% |
| 13 | ALPHABET INC | GOOG | 39,560 | $9.6M | 2.36% |
| 14 | CISCO SYS INC | CSCO | 140,031 | $9.6M | 2.35% |
| 15 | FRANKLIN ELEC INC | FELE | 97,356 | $9.3M | 2.27% |
| 16 | QUANTA SVCS INC | 74762E102 | 20,118 | $8.3M | 2.04% |
| 17 | EMERSON ELEC CO | EMR | 58,732 | $7.7M | 1.89% |
| 18 | ABBOTT LABS | ABLZF | 54,460 | $7.3M | 1.79% |
| 19 | PROCTER AND GAMBLE CO | 742718109 | 46,170 | $7.1M | 1.74% |
| 20 | JPMORGAN CHASE & CO. | VYLD | 21,108 | $6.7M | 1.63% |
| 21 | AFLAC INC | AFL | 58,917 | $6.6M | 1.61% |
| 22 | US BANCORP DEL | USB-PS | 133,477 | $6.5M | 1.59% |
| 23 | COCA COLA CO | KO | 96,337 | $6.4M | 1.58% |
| 24 | MEDTRONIC PLC | MDT | 59,839 | $5.7M | 1.40% |
| 25 | EXXON MOBIL CORP | XOM | 50,365 | $5.7M | 1.39% |
| 26 | STRYKER CORPORATION | SYK | 14,314 | $5.3M | 1.30% |
| 27 | GILEAD SCIENCES INC | GILD | 44,214 | $4.9M | 1.20% |
| 28 | 3M CO | MMM | 31,077 | $4.8M | 1.18% |
| 29 | FISERV INC | FISV | 37,312 | $4.8M | 1.18% |
| 30 | GENUINE PARTS CO | GPC | 34,144 | $4.8M | 1.17% |
| 31 | SYSCO CORP | SYY | 57,234 | $4.7M | 1.16% |
| 32 | F5 INC | FFIV | 14,313 | $4.6M | 1.13% |
| 33 | ACCENTURE PLC IRELAND | ACN | 18,280 | $4.5M | 1.11% |
| 34 | NEXTERA ENERGY INC | NEE-PW | 59,515 | $4.5M | 1.10% |
| 35 | CINCINNATI FINL CORP | 172062101 | 28,125 | $4.5M | 1.10% |
| 36 | STEEL DYNAMICS INC | STLD | 31,356 | $4.4M | 1.07% |
| 37 | ALPHABET INC | GOOG | 16,601 | $4.0M | 0.99% |
| 38 | ZIMMER BIOMET HOLDINGS INC | ZBH | 36,063 | $3.6M | 0.87% |
| 39 | AIR PRODS & CHEMS INC | AIIR | 12,635 | $3.4M | 0.84% |
| 40 | PFIZER INC | PFE | 121,545 | $3.1M | 0.76% |
| 41 | INTEL CORP | INTC | 89,835 | $3.0M | 0.74% |
| 42 | VANGUARD INTL EQUITY INDEX F | 922042858 | 54,339 | $2.9M | 0.72% |
| 43 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 5,697 | $2.9M | 0.70% |
| 44 | RTX CORPORATION | RTX | 16,623 | $2.8M | 0.68% |
| 45 | FLOWSERVE CORP | FLS | 50,851 | $2.7M | 0.66% |
| 46 | CORECARD CORPORATION | 45816D100 | 100,310 | $2.7M | 0.66% |
| 47 | VANGUARD MALVERN FDS | 922020805 | 51,566 | $2.6M | 0.64% |
| 48 | CARRIER GLOBAL CORPORATION | CARR | 41,361 | $2.5M | 0.61% |
| 49 | UNITED PARCEL SERVICE INC | UPS | 29,532 | $2.5M | 0.60% |
| 50 | GE AEROSPACE | 369604301 | 8,072 | $2.4M | 0.60% |
| 51 | DISNEY WALT CO | 254687106 | 20,157 | $2.3M | 0.57% |
| 52 | CHEVRON CORP NEW | CVX | 14,311 | $2.2M | 0.54% |
| 53 | CHUBB LIMITED | CB | 7,527 | $2.1M | 0.52% |
| 54 | ROGERS COMMUNICATIONS INC | RCIAF | 60,713 | $2.1M | 0.52% |
| 55 | VERIZON COMMUNICATIONS INC | VZ | 45,379 | $2.0M | 0.49% |
| 56 | DOLLAR GEN CORP NEW | 256677105 | 17,914 | $1.9M | 0.45% |
| 57 | PPL CORP | PPLC | 48,586 | $1.8M | 0.44% |
| 58 | LOCKHEED MARTIN CORP | LMT | 3,600 | $1.8M | 0.44% |
| 59 | AES CORP | AES | 132,556 | $1.7M | 0.43% |
| 60 | PHILIP MORRIS INTL INC | 718172109 | 10,538 | $1.7M | 0.42% |
| 61 | PEPSICO INC | PEP | 12,123 | $1.7M | 0.42% |
| 62 | REGENERON PHARMACEUTICALS | REGN | 2,915 | $1.6M | 0.40% |
| 63 | TARGET CORP | TGT | 15,928 | $1.4M | 0.35% |
| 64 | ONEOK INC NEW | OKE | 19,301 | $1.4M | 0.35% |
| 65 | ZIMVIE INC | 98888T107 | 73,210 | $1.4M | 0.34% |
| 66 | SCOTTS MIRACLE-GRO CO | SMG | 22,642 | $1.3M | 0.32% |
| 67 | GRAINGER W W INC | 384802104 | 1,275 | $1.2M | 0.30% |
| 68 | GE VERNOVA INC | GEV | 1,967 | $1.2M | 0.30% |
| 69 | ARCHER DANIELS MIDLAND CO | ADM | 19,850 | $1.2M | 0.29% |
| 70 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 23,980 | $1.1M | 0.27% |
| 71 | ORACLE CORP | ORCL-PD | 3,759 | $1.1M | 0.26% |
| 72 | ELI LILLY & CO | LLY | 1,309 | $998,767 | 0.24% |
| 73 | LINDE PLC | LIN | 1,982 | $941,450 | 0.23% |
| 74 | JACOBS SOLUTIONS INC | J | 6,224 | $932,729 | 0.23% |
| 75 | PLEXUS CORP | PLXS | 6,150 | $889,844 | 0.22% |
| 76 | INVESCO EXCHANGE TRADED FD T | IVZ | 4,627 | $877,742 | 0.22% |
| 77 | NORTHERN TR CORP | NTRSO | 6,447 | $872,924 | 0.21% |
| 78 | SPDR S&P 500 ETF TR | SPY | 1,252 | $836,350 | 0.21% |
| 79 | OTIS WORLDWIDE CORP | OTIS | 9,006 | $823,419 | 0.20% |
| 80 | WELLS FARGO CO NEW | 949746101 | 9,496 | $795,955 | 0.20% |
| 81 | COSTCO WHSL CORP NEW | 22160K105 | 853 | $789,563 | 0.19% |
| 82 | NORFOLK SOUTHN CORP | 655844108 | 2,590 | $778,062 | 0.19% |
| 83 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1 | $754,200 | 0.18% |
| 84 | VISA INC | V | 2,034 | $694,367 | 0.17% |
| 85 | CHECK POINT SOFTWARE TECH LT | M22465104 | 3,206 | $663,354 | 0.16% |
| 86 | VANGUARD INDEX FDS | 922908363 | 1,073 | $658,951 | 0.16% |
| 87 | COPART INC | CPRT | 14,071 | $632,773 | 0.16% |
| 88 | ALTRIA GROUP INC | MO | 9,407 | $630,497 | 0.15% |
| 89 | AMAZON COM INC | AMZN | 2,811 | $617,212 | 0.15% |
| 90 | BP PLC | BPPFF | 17,305 | $596,331 | 0.15% |
| 91 | CATERPILLAR INC | CAT | 1,237 | $590,235 | 0.14% |
| 92 | COLGATE PALMOLIVE CO | CL | 7,209 | $576,288 | 0.14% |
| 93 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,976 | $553,502 | 0.14% |
| 94 | KIMBERLY-CLARK CORP | KMB | 4,372 | $548,242 | 0.13% |
| 95 | NVIDIA CORPORATION | NVDA | 2,873 | $536,074 | 0.13% |
| 96 | SHERWIN WILLIAMS CO | SHW | 1,456 | $504,155 | 0.12% |
| 97 | CINTAS CORP | CTAS | 2,400 | $492,624 | 0.12% |
| 98 | PNC FINL SVCS GROUP INC | 693475105 | 2,294 | $460,934 | 0.11% |
| 99 | VANGUARD SCOTTSDALE FDS | 92206C664 | 4,646 | $454,472 | 0.11% |
| 100 | CANADIAN NATL RY CO | 136375102 | 4,702 | $443,399 | 0.11% |
| 101 | SALESFORCE INC | CRM | 1,759 | $417,507 | 0.10% |
| 102 | DEERE & CO | DE | 908 | $416,664 | 0.10% |
| 103 | NUCOR CORP | NUE | 2,984 | $405,765 | 0.10% |
| 104 | AT&T INC | T-PC | 14,256 | $402,590 | 0.10% |
| 105 | ILLINOIS TOOL WKS INC | 452308109 | 1,513 | $396,311 | 0.10% |
| 106 | VANGUARD TAX-MANAGED FDS | 921943858 | 6,498 | $389,361 | 0.10% |
| 107 | ELEVANCE HEALTH INC FORMERLY | ELV | 1,153 | $372,558 | 0.09% |
| 108 | VANGUARD WHITEHALL FDS | 921946794 | 4,344 | $367,850 | 0.09% |
| 109 | BLACK HILLS CORP | BKH | 5,485 | $337,822 | 0.08% |
| 110 | FIRST MERCHANTS CORP | FRMEP | 8,918 | $336,209 | 0.08% |
| 111 | ISHARES TR | 464287481 | 2,256 | $321,277 | 0.08% |
| 112 | NIKE INC | NKE | 4,570 | $320,495 | 0.08% |
| 113 | CONOCOPHILLIPS | COP | 2,923 | $276,496 | 0.07% |
| 114 | VANGUARD INDEX FDS | 922908769 | 806 | $265,237 | 0.07% |
| 115 | ISHARES TR | 464287655 | 984 | $238,089 | 0.06% |
| 116 | NOVO-NORDISK A S | NONOF | 4,220 | $234,168 | 0.06% |
| 117 | NISOURCE INC | NI | 5,370 | $232,521 | 0.06% |
| 118 | INTERNATIONAL BUSINESS MACHS | INTR | 801 | $226,011 | 0.06% |
| 119 | MONDELEZ INTL INC | 609207105 | 3,500 | $220,158 | 0.05% |
| 120 | AMGEN INC | AMGN | 760 | $214,472 | 0.05% |
| 121 | ISHARES TR | 464287234 | 3,925 | $209,595 | 0.05% |
| 122 | HECLA MNG CO | 422704106 | 15,600 | $188,760 | 0.05% |