Institutional Manager · CIK 0001108965

LYNCH & ASSOCIATES/IN

EVANSVILLE, IN · File #028-05643

Latest AUM

$528.9M

Positions

124

Top-10 Concentration

45.4%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	TOTALENERGIES	TTE	+31,051	+$2.0M	$0
EXITED	TOTALENERGIES SE	89151E109	-30,956	-$1.8M	$0
ADD	TECHNOLOGY SELECT SECTOR SPDR	81369Y803	+10,114	+$1.5M	-$1.4M
REDUCE	WAL-MART STORES INC	WMT	-8,498	-$946,762	+$1.6M
REDUCE	TEXAS INSTRUMENTS INC	882508104	-4,890	-$848,366	-$272,507
EXITED	CINTAS CORP	172908105	-3,269	-$670,995	$0
ADD	APPLE INC	AAPL	+2,179	+$592,377	+$815,511
ADD	RTX CORPORATION	RTX	+2,329	+$427,136	+$544,032
ADD	MEDTRONIC PLC	MDT	+4,370	+$419,782	+$8,879
REDUCE	J P MORGAN CHASE & CO	VYLD	-1,208	-$389,242	+$365,574

Sector Allocation

14.7%$77.7M

12.7%$67.0M

6.8%$35.9M

6.6%$34.9M

4.7%$24.8M

3.6%$19.0M

Consumer Discretionary

3.3%$17.7M

Communication Services

0.7%$3.9M

Materials

0.3%$1.8M

Utilities

0.1%$286,428

Filing History

Jan 7, 202613F HOLDINGS REPORTQ/E Dec 2025124 pos · $528.9M
Oct 7, 202513F HOLDINGS REPORTQ/E Sep 2025127 pos · $517.9M
Jul 15, 202513F HOLDINGS REPORTQ/E Jun 2025125 pos · $496.4M
Apr 17, 202513F HOLDINGS REPORTQ/E Mar 2025118 pos · $462.3M
Jan 10, 202513F HOLDINGS REPORTQ/E Dec 2024116 pos · $460.9M
Oct 15, 202413F HOLDINGS REPORTQ/E Sep 2024120 pos · $473.0M
Aug 6, 202413F HOLDINGS REPORTQ/E Jun 2024119 pos · $443.8M
Apr 9, 202413F HOLDINGS REPORTQ/E Mar 2024121 pos · $446.7M
Oct 24, 202313F HOLDINGS REPORT (Amended)Q/E Dec 2023107 pos · $381.2M
Oct 24, 202313F HOLDINGS REPORT (Amended)Q/E Dec 2023103 pos · $390.8M
Oct 24, 202313F HOLDINGS REPORT (Amended)Q/E Dec 2023116 pos · $379.1M
Oct 24, 202313F HOLDINGS REPORTQ/E Dec 2023116 pos · $379.1M
Oct 24, 202313F HOLDINGS REPORT (Amended)Q/E Dec 2023103 pos · $382.5M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	MICROSOFT CORP	MSFT	101,334	$49.0M	10.80%
2	ISHARES CORE S&P 500 INDEX	464287200	33,320	$22.8M	5.03%
3	ISHARES CORE S&P MIDCAP 400 IN	464287507	313,152	$20.7M	4.55%
4	WAL-MART STORES INC	WMT	181,038	$20.2M	4.45%
5	JOHNSON & JOHNSON	JNJ	87,897	$18.2M	4.01%
6	J P MORGAN CHASE & CO	VYLD	52,632	$17.0M	3.74%
7	ABBVIE INC	ABBV	69,772	$15.9M	3.51%
8	EXXON MOBIL CORP	XOM	122,482	$14.7M	3.25%
9	INTL BUS MACHINES CORP	INTR	46,791	$13.9M	3.05%
10	APPLE INC	AAPL	49,510	$13.5M	2.97%
11	PROCTER & GAMBLE CO	742718109	87,009	$12.5M	2.75%
12	CISCO SYSTEMS INC	CSCO	150,212	$11.6M	2.55%
13	MCDONALDS CORP	MCD	34,047	$10.4M	2.29%
14	MERCK & CO INC	MRK	92,958	$9.8M	2.16%
15	EMERSON ELEC CO	EMR	73,714	$9.8M	2.16%
16	ALPHABET INC (GOOGLE)	GOOG	30,415	$9.5M	2.10%
17	ELI LILLY & CO	LLY	8,738	$9.4M	2.07%
18	SPDR PORTFOLIO S&P 500 VALUE E	78464A508	157,406	$8.9M	1.97%
19	ISHARES CORE S&P TOTAL US STOC	464287150	56,855	$8.5M	1.86%
20	CHEVRON CORP	CVX	52,535	$8.0M	1.76%