13F HOLDINGS REPORT
MONARCH CAPITAL MANAGEMENT INC/
Quarter ended Q4 2025 · Filed January 23, 2026 · Accession 0000938759-26-000001
Total Value
$406.8M
Positions
124
Other Managers
0
Confidential Omitted
No
Holdings (124)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 48,243 | $23.3M | 5.73% |
| 2 | APPLE INC | AAPL | 62,763 | $17.1M | 4.19% |
| 3 | WALMART INC | WMT | 125,935 | $14.0M | 3.45% |
| 4 | MERCK & CO INC | MRK | 122,866 | $13.0M | 3.20% |
| 5 | JOHNSON & JOHNSON | JNJ | 60,883 | $12.6M | 3.10% |
| 6 | ALPHABET INC | GOOG | 38,435 | $12.1M | 2.96% |
| 7 | MCDONALDS CORP | MCD | 39,029 | $11.9M | 2.93% |
| 8 | HOME DEPOT INC | HD | 33,189 | $11.4M | 2.81% |
| 9 | ABBVIE INC | ABBV | 49,592 | $11.3M | 2.79% |
| 10 | CISCO SYS INC | CSCO | 136,438 | $10.5M | 2.58% |
| 11 | ISHARES TR | 46436E718 | 98,433 | $9.9M | 2.43% |
| 12 | KROGER CO | KR | 148,865 | $9.3M | 2.29% |
| 13 | FRANKLIN ELEC INC | FELE | 96,312 | $9.2M | 2.26% |
| 14 | AUTOMATIC DATA PROCESSING IN | ADP | 35,298 | $9.1M | 2.24% |
| 15 | LAKELAND FINL CORP | 511656100 | 153,465 | $8.8M | 2.15% |
| 16 | QUANTA SVCS INC | 74762E102 | 18,511 | $7.8M | 1.92% |
| 17 | EMERSON ELEC CO | EMR | 57,236 | $7.6M | 1.87% |
| 18 | US BANCORP DEL | USB-PS | 129,394 | $6.9M | 1.71% |
| 19 | ABBOTT LABS | ABLZF | 54,265 | $6.8M | 1.67% |
| 20 | JPMORGAN CHASE & CO. | VYLD | 20,940 | $6.7M | 1.66% |
| 21 | PROCTER AND GAMBLE CO | 742718109 | 46,299 | $6.6M | 1.63% |
| 22 | COCA COLA CO | KO | 94,475 | $6.6M | 1.62% |
| 23 | AFLAC INC | AFL | 56,982 | $6.3M | 1.54% |
| 24 | EXXON MOBIL CORP | XOM | 49,571 | $6.0M | 1.47% |
| 25 | MEDTRONIC PLC | MDT | 58,902 | $5.7M | 1.40% |
| 26 | GILEAD SCIENCES INC | GILD | 43,527 | $5.3M | 1.31% |
| 27 | STEEL DYNAMICS INC | STLD | 30,148 | $5.1M | 1.26% |
| 28 | STRYKER CORPORATION | SYK | 14,277 | $5.0M | 1.24% |
| 29 | ALPHABET INC | GOOG | 15,941 | $5.0M | 1.23% |
| 30 | 3M CO | MMM | 30,925 | $5.0M | 1.22% |
| 31 | ACCENTURE PLC IRELAND | ACN | 18,045 | $4.8M | 1.19% |
| 32 | NEXTERA ENERGY INC | NEE-PW | 58,438 | $4.7M | 1.15% |
| 33 | CINCINNATI FINL CORP | 172062101 | 27,617 | $4.5M | 1.11% |
| 34 | GENUINE PARTS CO | GPC | 33,779 | $4.2M | 1.03% |
| 35 | SYSCO CORP | SYY | 55,759 | $4.1M | 1.01% |
| 36 | F5 INC | FFIV | 14,497 | $3.7M | 0.91% |
| 37 | FLOWSERVE CORP | FLS | 48,806 | $3.4M | 0.83% |
| 38 | ZIMMER BIOMET HOLDINGS INC | ZBH | 37,058 | $3.3M | 0.82% |
| 39 | AIR PRODS & CHEMS INC | AIIR | 13,504 | $3.3M | 0.82% |
| 40 | INTEL CORP | INTC | 87,048 | $3.2M | 0.79% |
| 41 | PFIZER INC | PFE | 125,842 | $3.1M | 0.77% |
| 42 | UNITED PARCEL SERVICE INC | UPS | 30,625 | $3.0M | 0.75% |
| 43 | RTX CORPORATION | RTX | 16,308 | $3.0M | 0.74% |
| 44 | VANGUARD INTL EQUITY INDEX F | 922042858 | 52,228 | $2.8M | 0.69% |
| 45 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 5,565 | $2.8M | 0.69% |
| 46 | FISERV INC | FISV | 41,361 | $2.8M | 0.68% |
| 47 | VANGUARD MALVERN FDS | 922020805 | 52,476 | $2.6M | 0.64% |
| 48 | DOLLAR GEN CORP NEW | 256677105 | 18,824 | $2.5M | 0.61% |
| 49 | REGENERON PHARMACEUTICALS | REGN | 3,119 | $2.4M | 0.59% |
| 50 | CARRIER GLOBAL CORPORATION | CARR | 44,775 | $2.4M | 0.58% |
| 51 | CHUBB LIMITED | CB | 7,487 | $2.3M | 0.58% |
| 52 | EURONET WORLDWIDE INC | EEFT | 29,974 | $2.3M | 0.56% |
| 53 | GE AEROSPACE | 369604301 | 7,393 | $2.3M | 0.56% |
| 54 | ROGERS COMMUNICATIONS INC | RCIAF | 59,386 | $2.3M | 0.55% |
| 55 | DISNEY WALT CO | 254687106 | 19,112 | $2.2M | 0.54% |
| 56 | CHEVRON CORP NEW | CVX | 14,001 | $2.1M | 0.52% |
| 57 | AES CORP | AES | 139,431 | $2.0M | 0.49% |
| 58 | VERIZON COMMUNICATIONS INC | VZ | 46,757 | $1.9M | 0.47% |
| 59 | PEPSICO INC | PEP | 12,973 | $1.9M | 0.46% |
| 60 | TARGET CORP | TGT | 18,529 | $1.8M | 0.45% |
| 61 | LOCKHEED MARTIN CORP | LMT | 3,613 | $1.7M | 0.43% |
| 62 | PPL CORP | PPLC | 49,636 | $1.7M | 0.43% |
| 63 | PHILIP MORRIS INTL INC | 718172109 | 10,538 | $1.7M | 0.42% |
| 64 | ONEOK INC NEW | OKE | 21,841 | $1.6M | 0.39% |
| 65 | SALESFORCE INC | CRM | 5,491 | $1.5M | 0.36% |
| 66 | SCOTTS MIRACLE-GRO CO | SMG | 24,237 | $1.4M | 0.35% |
| 67 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 23,980 | $1.3M | 0.32% |
| 68 | WW GRAINGER INC | 384802104 | 1,268 | $1.3M | 0.31% |
| 69 | ELI LILLY & CO | LLY | 1,160 | $1.2M | 0.31% |
| 70 | GE VERNOVA INC | GEV | 1,899 | $1.2M | 0.31% |
| 71 | ARCHER DANIELS MIDLAND CO | ADM | 21,446 | $1.2M | 0.30% |
| 72 | INVESCO EXCHANGE TRADED FD T | IVZ | 5,662 | $1.1M | 0.27% |
| 73 | NORTHERN TR CORP | NTRSO | 6,389 | $877,785 | 0.22% |
| 74 | PLEXUS CORP | PLXS | 5,950 | $874,650 | 0.21% |
| 75 | SPDR S&P 500 ETF TR | SPY | 1,252 | $856,260 | 0.21% |
| 76 | LINDE PLC | LIN | 1,982 | $845,105 | 0.21% |
| 77 | WELLS FARGO CO NEW | 949746101 | 8,969 | $835,911 | 0.21% |
| 78 | JACOBS SOLUTIONS INC | J | 6,224 | $824,432 | 0.20% |
| 79 | OTIS WORLDWIDE CORP | OTIS | 8,883 | $775,931 | 0.19% |
| 80 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1 | $754,800 | 0.19% |
| 81 | VANGUARD SCOTTSDALE FDS | 92206C664 | 7,561 | $752,471 | 0.18% |
| 82 | AMAZON COM INC | AMZN | 3,246 | $749,242 | 0.18% |
| 83 | COSTCO WHSL CORP NEW | 22160K105 | 853 | $735,577 | 0.18% |
| 84 | ORACLE CORP | ORCL-PD | 3,759 | $732,667 | 0.18% |
| 85 | CATERPILLAR INC | CAT | 1,237 | $708,641 | 0.17% |
| 86 | VISA INC | V | 2,019 | $708,084 | 0.17% |
| 87 | NORFOLK SOUTHN CORP | 655844108 | 2,295 | $662,613 | 0.16% |
| 88 | CHECK POINT SOFTWARE TECH LT | M22465104 | 3,439 | $638,141 | 0.16% |
| 89 | NVIDIA CORPORATION | NVDA | 3,386 | $631,489 | 0.16% |
| 90 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,976 | $602,059 | 0.15% |
| 91 | BP PLC | BPPFF | 17,305 | $601,003 | 0.15% |
| 92 | COLGATE PALMOLIVE CO | CL | 7,209 | $569,656 | 0.14% |
| 93 | ALTRIA GROUP INC | MO | 9,407 | $551,479 | 0.14% |
| 94 | COPART INC | CPRT | 13,461 | $526,999 | 0.13% |
| 95 | NOVO-NORDISK A S | NONOF | 9,904 | $503,916 | 0.12% |
| 96 | CANADIAN NATL RY CO | 136375102 | 5,082 | $502,356 | 0.12% |
| 97 | NUCOR CORP | NUE | 2,976 | $487,082 | 0.12% |
| 98 | PNC FINL SVCS GROUP INC | 693475105 | 2,294 | $478,827 | 0.12% |
| 99 | SHERWIN WILLIAMS CO | SHW | 1,440 | $466,604 | 0.11% |
| 100 | VANGUARD WHITEHALL FDS | 921946794 | 5,044 | $453,960 | 0.11% |
| 101 | CINTAS CORP | CTAS | 2,400 | $451,368 | 0.11% |
| 102 | KIMBERLY-CLARK CORP | KMB | 4,372 | $445,718 | 0.11% |
| 103 | DEERE & CO | DE | 908 | $424,209 | 0.10% |
| 104 | VANGUARD TAX-MANAGED FDS | 921943858 | 6,498 | $405,931 | 0.10% |
| 105 | ELEVANCE HEALTH INC FORMERLY | ELV | 1,153 | $404,185 | 0.10% |
| 106 | BLACK HILLS CORP | BKH | 5,485 | $380,769 | 0.09% |
| 107 | AT&T INC | T-PC | 14,256 | $354,120 | 0.09% |
| 108 | VANGUARD INDEX FDS | 922908363 | 551 | $345,549 | 0.08% |
| 109 | ILLINOIS TOOL WKS INC | 452308109 | 1,377 | $340,936 | 0.08% |
| 110 | FIRST MERCHANTS CORP | FRMEP | 8,918 | $334,247 | 0.08% |
| 111 | ISHARES TR | 464287481 | 2,256 | $308,937 | 0.08% |
| 112 | HECLA MNG CO | 422704106 | 15,600 | $299,364 | 0.07% |
| 113 | NIKE INC | NKE | 4,570 | $293,029 | 0.07% |
| 114 | CARLISLE COS INC | 142339100 | 847 | $270,922 | 0.07% |
| 115 | VANGUARD INDEX FDS | 922908769 | 806 | $270,228 | 0.07% |
| 116 | APPLIED MATLS INC | 038222105 | 970 | $249,281 | 0.06% |
| 117 | AMGEN INC | AMGN | 760 | $248,756 | 0.06% |
| 118 | ISHARES TR | 464287655 | 984 | $242,222 | 0.06% |
| 119 | INTERNATIONAL BUSINESS MACHS | INTR | 801 | $237,265 | 0.06% |
| 120 | CONOCOPHILLIPS | COP | 2,436 | $228,043 | 0.06% |
| 121 | NISOURCE INC | NI | 5,370 | $224,252 | 0.06% |
| 122 | ISHARES TR | 464287234 | 3,925 | $214,737 | 0.05% |
| 123 | PROGRESSIVE CORP | 743315103 | 900 | $204,948 | 0.05% |
| 124 | STRIVE INC | SATA | 10,000 | $7,380 | 0.00% |