MONARCH CAPITAL MANAGEMENT INC
Sector Allocation
- Technology27.2%$118.9M
- Healthcare19.4%$84.7M
- Financials11.1%$48.3M
- Consumer Staples11.1%$48.3M
- Industrials9.3%$40.6M
- Consumer Discretionary7.1%$31.2M
- Other4.8%$20.8M
- Materials3.3%$14.5M
- Energy3.0%$13.2M
- Utilities2.1%$9.4M
AUM History
13fpro.ai/research/fund/monarch-capital-management-inc-938759
Conviction and streaks
Stable · top 10 = 33.4%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
MSFT
$24.7MAAPL
$18.9MMRK
$17.0MJNJ
$15.1MCSCO
$13.5MGOOG
$12.7MABBV
$12.6MWMT
$11.9MPWR
$9.8MADP
$9.6MHD
$9.3MKR
$9.3M- ISHARES$9.0M
MCD
$8.8MFELE
$8.7MEMR
$8.6MINTC
$8.5MLKFN
$8.4MKO
$7.4MXOM.R34088
$7.2M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/monarch-capital-management-inc-938759
MONARCH CAPITAL MANAGEMENT INC 13F holdings — Q3 2026
$436.5M portfolio (+0.1% QoQ) · 130 holdings · Q3 2026 13F · top 10 are 33% of the stock portfolio
$24.7M
5.7% of stocks
-0.5%This quarter-0.2%Since filed8+ qtrsHeld$18.9M
4.3% of stocks
-3%This quarter+0.3%Since filed8+ qtrsHeld$17.0M
3.9% of stocks
-2%This quarter-2.1%Since filed8+ qtrsHeldAIQuality60.0#886Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$15.1M
3.5% of stocks
-1%This quarter+4.9%Since filed8+ qtrsHeldAIQuality69.2#265Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$13.5M
3.1% of stocks
-2%This quarter+3.5%Since filed8+ qtrsHeldAIQuality70.4#206Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$12.7M
2.9% of stocks
+0.4%This quarter-7.6%Since filed8+ qtrsHeld$12.6M
2.9% of stocks
-1%This quarter+1.4%Since filed8+ qtrsHeld$11.9M
2.7% of stocks
-0.1%This quarter+1.3%Since filed8+ qtrsHeld$9.8M
2.2% of stocks
-2%This quarter-8.8%Since filed8+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 7 qtrs in a row$9.6M
2.2% of stocks
-0.1%This quarter+4.9%Since filed8+ qtrsHeld
All holdings — MONARCH CAPITAL MANAGEMENT INC (Q3 2026)
130 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | HOME DEPOT, INC. | Consumer Discretionary | $9.3M | 2.1% | 33K | +0.3% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | KROGER CO | Consumer Staples | $9.3M | 2.1% | 158K | +2% | 8+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | — | ISHARES TR - 0-3 MTH TREASURYetf/fund | — | $9.0M | 2.0% | 89K | -6% | — | — | 13F |
| 14 | MCDONALDS CORP | Consumer Discretionary | $8.8M | 2.0% | 38K | +0.9% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | FRANKLIN ELECTRIC CO INC | Technology | $8.7M | 2.0% | 91K | -2% | 8+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | EMERSON ELECTRIC CO | Industrials | $8.6M | 2.0% | 55K | -2% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | INTEL CORP | Technology | $8.5M | 1.9% | 71K | -2% | 8+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | LAKELAND FINANCIAL CORP | Financials | $8.4M | 1.9% | 146K | -0.4% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | COCA COLA CO | Consumer Staples | $7.4M | 1.7% | 86K | -4% | 8+ qtrsTrimmed 7 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | EXXON MOBIL CORP | Energy | $7.2M | 1.6% | 44K | -3% | 8+ qtrsTrimmed 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | US BANCORP \DE\ | Financials | $7.1M | 1.6% | 123K | -0.8% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | JPMORGAN CHASE & CO | Financials | $6.7M | 1.5% | 20K | -2% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | PROCTER & GAMBLE Co | Consumer Staples | $6.6M | 1.5% | 45K | -0.5% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | GILEAD SCIENCES, INC. | Healthcare | $6.0M | 1.4% | 41K | -0.3% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | AFLAC INC | Financials | $5.9M | 1.4% | 53K | -2% | 8+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $FFIV | F5, INC. | Technology | $5.9M | 1.3% | 13K | -6% | |||
| 27 | $STLD | STEEL DYNAMICS INC | Materials | $5.7M | 1.3% | 26K | -3% | |||
| 28 | $ABT | ABBOTT LABORATORIES | Healthcare | $5.5M | 1.3% | 55K | -0.8% | |||
| 29 | $MDT | Medtronic plc | Healthcare | $5.1M | 1.2% | 59K | -1% | |||
| 30 | $GOOGL | Alphabet Inc. | Technology | $5.1M | 1.2% | 15K | -1% | |||
| 31 | $MMM | 3M CO | Healthcare | $5.1M | 1.2% | 31K | -1% | |||
| 32 | $GPC | GENUINE PARTS CO | Consumer Discretionary | $4.7M | 1.1% | 37K | -2% | |||
| 33 | $NEE | NEXTERA ENERGY INC | Utilities | $4.4M | 1.0% | 58K | +2% | |||
| 34 | $SYK | STRYKER CORP | Healthcare | $4.3M | 1.0% | 16K | +3% | |||
| 35 | $CINF | CINCINNATI FINANCIAL CORP | Financials | $4.3M | 1.0% | 27K | -1% | |||
| 36 | $SYY | SYSCO CORP | Consumer Discretionary | $4.2M | 1.0% | 54K | -2% | |||
| 37 | $APD | Air Products & Chemicals, Inc. | Materials | $3.7M | 0.8% | 13K | -5% | |||
| 38 | $PFE | PFIZER INC | Healthcare | $3.5M | 0.8% | 124K | -3% | |||
| 39 | $ACN | Accenture plc | Technology | $3.5M | 0.8% | 19K | -1% | |||
| 40 | $ZBH | ZIMMER BIOMET HOLDINGS, INC. | Healthcare | $3.4M | 0.8% | 38K | +0.3% | |||
| 41 | $FLS | FLOWSERVE CORP | Industrials | $3.3M | 0.8% | 45K | -0.7% | |||
| 42 | — | VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETF | — | $3.1M | 0.7% | 52K | -1% | |||
| 43 | $RTX | RTX Corp | Industrials | $3.0M | 0.7% | 16K | — | |||
| 44 | $REGN | REGENERON PHARMACEUTICALS, INC. | Healthcare | $2.9M | 0.7% | 3,869 | +1% | |||
| 45 | $UPS | UNITED PARCEL SERVICE INC | Industrials | $2.9M | 0.7% | 31K | -4% | |||
| 46 | $FISV | FISERV INC | Financials | $2.8M | 0.7% | 63K | +11% | |||
| 47 | $CARR | CARRIER GLOBAL Corp | Industrials | $2.8M | 0.6% | 51K | +8% | |||
| 48 | $TGT | TARGET CORP | Consumer Staples | $2.7M | 0.6% | 17K | -9% | |||
| 49 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $2.7M | 0.6% | 5,398 | -2% | |||
| 50 | $CVX | CHEVRON CORP | Energy | $2.7M | 0.6% | 13K | -0.6% | |||
| 51 | $CB | Chubb Ltd | Financials | $2.6M | 0.6% | 7,853 | — | |||
| 52 | $CRM | Salesforce, Inc. | Technology | $2.5M | 0.6% | 11K | -16% | |||
| 53 | — | VANGUARD MALVERN FDS - STRM INFPROIDX | — | $2.5M | 0.6% | 51K | -0.8% | |||
| 54 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $2.2M | 0.5% | 48K | +0.1% | |||
| 55 | $DG | DOLLAR GENERAL CORP | Consumer Staples | $2.2M | 0.5% | 18K | -3% | |||
| 56 | $OKE | ONEOK INC /NEW/ | Energy | $2.2M | 0.5% | 26K | +3% | |||
| 57 | $LMT | LOCKHEED MARTIN CORP | Industrials | $2.2M | 0.5% | 4,256 | +7% | |||
| 58 | $RCI | ROGERS COMMUNICATIONS INC | Communication Services | $2.1M | 0.5% | 68K | +8% | |||
| 59 | $AES | AES CORP | Utilities | $2.0M | 0.5% | 137K | -1% | |||
| 60 | $DIS | Walt Disney Co | Communication Services | $2.0M | 0.5% | 19K | -1% | |||
| 61 | $PM | Philip Morris International Inc. | Consumer Staples | $1.9M | 0.5% | 10K | -0.2% | |||
| 62 | $GE | GENERAL ELECTRIC CO | Industrials | $1.9M | 0.4% | 6,128 | -4% | |||
| 63 | $PEP | PEPSICO INC | Consumer Staples | $1.9M | 0.4% | 15K | +7% | |||
| 64 | $PPL | PPL Corp | Utilities | $1.7M | 0.4% | 52K | +3% | |||
| 65 | $AMZN | AMAZON COM INC | Consumer Discretionary | $1.7M | 0.4% | 6,900 | +11% | |||
| 66 | $ADM | Archer-Daniels-Midland Co | Consumer Staples | $1.7M | 0.4% | 22K | -2% | |||
| 67 | $EEFT | EURONET WORLDWIDE, INC. | Financials | $1.5M | 0.3% | 24K | -9% | |||
| 68 | $GEV | GE Vernova Inc. | Industrials | $1.5M | 0.3% | 1,605 | -6% | |||
| 69 | $GWW | W.W. GRAINGER, INC. | Consumer Discretionary | $1.5M | 0.3% | 1,210 | -2% | |||
| 70 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $1.5M | 0.3% | 24K | -0.1% | |||
| 71 | $PGR | PROGRESSIVE CORP/OH/ | Financials | $1.3M | 0.3% | 6,478 | +15% | |||
| 72 | $PLXS | PLEXUS CORP | Technology | $1.3M | 0.3% | 5,125 | -6% | |||
| 73 | $LLY | ELI LILLY & Co | Healthcare | $1.2M | 0.3% | 1,028 | -7% | |||
| 74 | $SMG | SCOTTS MIRACLE-GRO CO | Materials | $1.1M | 0.3% | 23K | -5% | |||
| 75 | — | VANGUARD WHITEHALL FDS - INTL HIGH ETF | — | $1.1M | 0.3% | 11K | +8% | |||
| 76 | $CHKP | CHECK POINT SOFTWARE TECHNOLOGIES LTD | Technology | $1.1M | 0.2% | 8,301 | +0.5% | |||
| 77 | $RIO | RIO TINTO PLC | Materials | $1.1M | 0.2% | 11K | +47% | |||
| 78 | — | VANGUARD SCOTTSDALE FDS - VNG RUS2000IDX | — | $1.0M | 0.2% | 9,079 | +2% | |||
| 79 | $CAT | CATERPILLAR INC | Industrials | $1.0M | 0.2% | 1,237 | — | |||
| 80 | $IVZ | Invesco Ltd. | Financials | $998K | 0.2% | 4,798 | -3% | |||
| 81 | $SPY | SPDR S&P 500 ETF TRUST | — | $957K | 0.2% | 1,252 | — | |||
| 82 | — | VANGUARD INDEX FDS - S&P 500 ETF SHS | — | $936K | 0.2% | 1,335 | -5% | |||
| 83 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $926K | 0.2% | 2,026 | +3% | |||
| 84 | $LIN | LINDE PLC | Materials | $867K | 0.2% | 1,827 | -4% | |||
| 85 | $NTRS | NORTHERN TRUST CORP | Financials | $862K | 0.2% | 5,065 | -4% | |||
| 86 | $NVDA | NVIDIA CORP | Technology | $792K | 0.2% | 3,464 | -0.7% | |||
| 87 | $J | JACOBS SOLUTIONS INC. | Industrials | $787K | 0.2% | 5,819 | -5% | |||
| 88 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $777K | 0.2% | 853 | — | |||
| 89 | $V | VISA INC. | Financials | $767K | 0.2% | 2,134 | — | |||
| 90 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $747K | 0.2% | 1 | — | |||
| 91 | $NUE | NUCOR CORP | Materials | $668K | 0.1% | 2,853 | — | |||
| 92 | $MO | ALTRIA GROUP, INC. | Consumer Staples | $662K | 0.1% | 9,688 | -0.3% | |||
| 93 | $NVO | NOVO NORDISK A S | Healthcare | $652K | 0.1% | 17K | +7% | |||
| 94 | $CNI | CANADIAN NATIONAL RAILWAY CO | Industrials | $641K | 0.1% | 5,387 | +0.7% | |||
| 95 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $627K | 0.1% | 7,834 | — | |||
| 96 | $CL | COLGATE PALMOLIVE CO | Consumer Staples | $618K | 0.1% | 7,249 | — | |||
| 97 | $NSC | NORFOLK SOUTHERN CORP | Industrials | $618K | 0.1% | 2,000 | — | |||
| 98 | $GFL | GFL Environmental Inc. | Utilities | $608K | 0.1% | 15K | +36% | |||
| 99 | $BP | BP PLC | Energy | $604K | 0.1% | 14K | -7% | |||
| 100 | $DE | DEERE & CO | Industrials | $593K | 0.1% | 881 | — | |||
| 101 | $ORCL | ORACLE CORP | Technology | $540K | 0.1% | 3,934 | — | |||
| 102 | — | VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT | — | $526K | 0.1% | 7,444 | -5% | |||
| 103 | $OTIS | Otis Worldwide Corp | Industrials | $516K | 0.1% | 8,020 | -5% | |||
| 104 | $CPRT | COPART INC | Consumer Discretionary | $514K | 0.1% | 19K | +34% | |||
| 105 | $PNC | PNC FINANCIAL SERVICES GROUP, INC. | Financials | $497K | 0.1% | 2,234 | -1% | |||
| 106 | $CTAS | CINTAS CORP | Consumer Discretionary | $468K | 0.1% | 2,400 | — | |||
| 107 | $SHW | SHERWIN WILLIAMS CO | Materials | $466K | 0.1% | 1,443 | -1% | |||
| 108 | $ELV | Elevance Health, Inc. | Healthcare | $442K | 0.1% | 1,137 | -1% | |||
| 109 | $STZ | CONSTELLATION BRANDS, INC. | Consumer Staples | $423K | 0.1% | 3,745 | +110% | |||
| 110 | $AMAT | APPLIED MATERIALS INC /DE | Technology | $394K | 0.1% | 770 | — | |||
| 111 | $BKH | BLACK HILLS CORP /SD/ | Utilities | $384K | 0.1% | 5,485 | — | |||
| 112 | $KMB | KIMBERLY CLARK CORP | Materials | $368K | 0.1% | 3,729 | -11% | |||
| 113 | — | ISHARES TR - RUS MD CP GR ETF | — | $366K | 0.1% | 2,656 | — | |||
| 114 | $CSL | CARLISLE COMPANIES INC | Materials | $358K | 0.1% | 1,110 | +12% | |||
| 115 | $FRME | FIRST MERCHANTS CORP | Financials | $335K | 0.1% | 8,418 | — | |||
| 116 | — | VANGUARD INDEX FDS - MRNGSTR TTL STK | — | $314K | 0.1% | 838 | +11% | |||
| 117 | — | ISHARES TR - RUSSELL 2000 ETF | — | $312K | 0.1% | 1,121 | — | |||
| 118 | $AMGN | AMGEN INC | Healthcare | $308K | 0.1% | 730 | — | |||
| 119 | $COP | CONOCOPHILLIPS | Energy | $305K | 0.1% | 2,436 | — | |||
| 120 | $T | AT&T INC. | Communication Services | $295K | 0.1% | 12K | -9% | |||
| 121 | $ITW | ILLINOIS TOOL WORKS INC | Industrials | $286K | 0.1% | 1,106 | -20% | |||
| 122 | $PSX | Phillips 66 | Energy | $282K | 0.1% | 1,104 | New | |||
| 123 | — | ISHARES TR - MSCI EMG MKT ETF | — | $278K | 0.1% | 4,163 | -4% | |||
| 124 | $TXN | TEXAS INSTRUMENTS INC | Technology | $277K | 0.1% | 988 | — | |||
| 125 | $HL | HECLA MINING CO/DE/ | Materials | $244K | 0.1% | 14K | — | |||
| 126 | — | ISHARES TR - RUS MDCP VAL ETF | — | $244K | 0.1% | 1,520 | — | |||
| 127 | $NI | NISOURCE INC. | Utilities | $220K | 0.1% | 5,640 | — | |||
| 128 | $UNP | UNION PACIFIC CORP | Industrials | $218K | 0.1% | 800 | — | |||
| 129 | $MDLZ | Mondelez International, Inc. | Consumer Staples | $204K | 0.1% | 3,500 | — | |||
| 130 | — | ISHARES TR - MSCI EAFE ETF | — | $201K | 0.1% | 1,938 | — |
What changed in Q3 2026
Against the previous quarter's 13F: 1 new, 30 added to, 71 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
New positions (1)
$PSXPhillips 66$282K
first bought this quarter
Added to (30)
$RIORIO TINTO PLC+47%
now $1.1M · held 3 qtrs, 3 adds in a row
$FISVFISERV INC+11%
now $2.8M · held 8+ qtrs, 6 adds in a row
$STZCONSTELLATION BRANDS, INC.+110%
now $423K · held 2 qtrs, 2 adds in a row
now $9.3M · held 8+ qtrs, 2 adds in a row
$CARRCARRIER GLOBAL Corp+8%
now $2.8M · held 8+ qtrs
$PGRPROGRESSIVE CORP/OH/+15%
now $1.3M · held 4 qtrs, 4 adds in a row
+24 more in the Excel export
Trimmed (71)
now $18.9M · held 8+ qtrs, 5 trims in a row
- ISHARES TR - 0-3 MTH TREASURY-6%
now $9.0M
$CRMSalesforce, Inc.-16%
now $2.5M · held 5 qtrs
now $17.0M · held 8+ qtrs, 3 trims in a row
$FFIVF5, INC.-6%
now $5.9M · held 8+ qtrs, 2 trims in a row
now $7.4M · held 8+ qtrs, 7 trims in a row
+65 more in the Excel export
Sold out (1)
$NVSNOVARTIS AGwas $227K
held 2 qtrs
Holdings by quarter
Every 13F MONARCH CAPITAL MANAGEMENT INC has filed, 42 earlier quarters. Pick one to see what it held then.
Is it too late to follow MONARCH CAPITAL MANAGEMENT?
Q3 2026 13F filed with the SEC on Oct 19, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of MONARCH CAPITAL MANAGEMENT's top 20 holdings: 67/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
-0.1%
Value-weighted move of the 10 largest stock positions
Turnover
1%
Last quarter; 7% over the last 4
Top 10 weight
33%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
99%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
MONARCH CAPITAL MANAGEMENT INC disclosed 130 positions worth $436.5M in its Form 13F-HR for Q3 2026, led by $MSFT (MICROSOFT CORP) at 5.7% of the equity portfolio, followed by $AAPL and $MRK. During the quarter the fund opened 1 new position and exited 1 — including a new stake in $PSX and a full exit from $NVS. The portfolio is most concentrated in Technology (27.2% of disclosed assets). All figures are sourced directly from MONARCH CAPITAL MANAGEMENT INC’s Form 13F-HR filing with the SEC under CIK 938759.
Funds like this
managers whose biggest positions overlap MONARCH CAPITAL MANAGEMENT'sBrowse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: MONARCH CAPITAL MANAGEMENT INC
13F Pro is an AI hedge fund tracker and stock research platform. For MONARCH CAPITAL MANAGEMENT INC (SEC CIK: 938759), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in MONARCH CAPITAL MANAGEMENT INC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.