Latest GERMAN AMERICAN BANCORP, INC. Stock Portfolio

GERMAN AMERICAN BANCORP, INC. Performance:

2025 Q3: 7.04%YTD: 11.06%2024: 15%

Performance for 2025 Q3 is 7.04%, and YTD is 11.06%, and 2024 is 15%.

About GERMAN AMERICAN BANCORP, INC. and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, GERMAN AMERICAN BANCORP, INC. reported an equity portfolio of $1.1 Billions as of 30 Sep, 2025.

The top stock holdings of GERMAN AMERICAN BANCORP, INC. are AAXJ, IJR, AAXJ. The fund has invested 9.3% of it's portfolio in ISHARES TR and 8.2% of portfolio in ISHARES TR.

The fund managers got completely rid off SPDR SER TR (BIL), SELECT SECTOR SPDR TR (XLB) and DUKE ENERGY CORP NEW (DUK) stocks. They significantly reduced their stock positions in SELECT SECTOR SPDR TR (XLB), LENNAR CORP (LEN) and MASTERCARD INCORPORATED (MA). GERMAN AMERICAN BANCORP, INC. opened new stock positions in GE AEROSPACE (GE), NORTHROP GRUMMAN CORP (NOC) and OREILLY AUTOMOTIVE INC (ORLY). The fund showed a lot of confidence in some stocks as they added substantially to BERKSHIRE HATHAWAY INC DEL, WALMART INC (WMT) and TJX COS INC NEW (TJX).

GERMAN AMERICAN BANCORP, INC. Annual Return Estimates Vs S&P 500

Our best estimate is that GERMAN AMERICAN BANCORP, INC. made a return of 7.04% in the last quarter. In trailing 12 months, it's portfolio return was 12.26%.

New Buys

Ticker	$ Bought
ge aerospace	357,073
northrop grumman corp	228,495
oreilly automotive inc	226,401
illinois tool wks inc	225,818
ishares tr	218,711
applied matls inc	204,740

New stocks bought by GERMAN AMERICAN BANCORP, INC.

Additions

Ticker	% Inc.
berkshire hathaway inc del	1,866
walmart inc	1,012
tjx cos inc new	449
ishares tr	18.15
ishares tr	13.13
altria group inc	12.84
rtx corporation	10.83
waste mgmt inc del	10.18

Additions to existing portfolio by GERMAN AMERICAN BANCORP, INC.

Reductions

Ticker	% Reduced
select sector spdr tr	-87.47
lennar corp	-86.06
select sector spdr tr	-57.7
select sector spdr tr	-26.28
mastercard incorporated	-21.12
deere & co	-19.79
jpmorgan chase & co	-18.03
select sector spdr tr	-10.7

GERMAN AMERICAN BANCORP, INC. reduced stake in above stock

Sold off

Ticker	$ Sold
pioneer municipal high incom	-270,663
spdr ser tr	-1,578,880
nuveen amt free mun cr inc f	-178,150
nuveen amt free qlty mun inc	-115,795
select sector spdr tr	-402,762
stock yds bancorp inc	-217,352
duke energy corp new	-319,662
kimberly-clark corp	-203,049

GERMAN AMERICAN BANCORP, INC. got rid off the above stocks

Sector Distribution

GERMAN AMERICAN BANCORP, INC. has about 44.6% of it's holdings in Others sector.

Sector	%
Others	44.6
Technology	20.4
Financial Services	8.4
Communication Services	6.9
Healthcare	5.6
Consumer Cyclical	4.8
Industrials	3.8
Consumer Defensive	3.6
Energy	1.7

Market Cap. Distribution

GERMAN AMERICAN BANCORP, INC. has about 53.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	44.7
MEGA-CAP	39.7
LARGE-CAP	13.5
SMALL-CAP	2.1

Stocks belong to which Index?

About 55.3% of the stocks held by GERMAN AMERICAN BANCORP, INC. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	53.2
Others	44.7
RUSSELL 2000	2.1

Top 5 Winners (%)		%
GOOG	alphabet inc	37.4 %
TSLA	tesla inc	37.2 %
MU	micron technology inc	34.4 %
CRH	crh plc	30.6 %
ORCL	oracle corp	28.4 %

Top 5 Winners ($)		$
GOOG	alphabet inc	12.1 M
AAPL	apple inc	9.2 M
NVDA	nvidia corporation	7.7 M
IJR	ishares tr	5.6 M
ORCL	oracle corp	5.5 M

Top 5 Losers (%)		%
TXN	texas instrs inc	-11.4 %
PM	philip morris intl inc	-10.3 %
DE	deere & co	-10.1 %
HON	honeywell intl inc	-9.4 %
ADBE	adobe inc	-8.8 %

Top 5 Losers ($)		$
COST	costco whsl corp new	-0.9 M
HON	honeywell intl inc	-0.7 M
KO	coca cola co	-0.6 M
PG	procter & gamble co	-0.4 M
DIS	disney walt co	-0.4 M

GERMAN AMERICAN BANCORP, INC. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of GERMAN AMERICAN BANCORP, INC.

GERMAN AMERICAN BANCORP, INC. has 125 stocks in it's portfolio. About 54.2% of the portfolio is in top 10 stocks. COST proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for GERMAN AMERICAN BANCORP, INC. last quarter.

Last Reported on: 05 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	4.22	187,626	47,775,200	added	0.4

AAXJ	ishares tr	9.30	1,619,720	105,298,000	added	3.18

AAXJ	ishares tr	8.01	843,986	90,675,300	added	1.26

AAXJ	ishares tr	1.31	138,853	14,786,500	added	13.13

AAXJ	ishares tr	0.35	36,643	3,912,740	added	18.15

AAXJ	ishares tr	0.04	3,937	414,784	unchanged	0.00

ABBV	abbvie inc	0.59	28,829	6,675,070	added	3.28

ABT	abbott labs	1.05	88,489	11,852,200	added	3.52

ADBE	adobe inc	0.05	1,597	563,341	reduced	-0.31

ADP	automatic data processing in	0.06	2,117	621,339	unchanged	0.00

AEP	american elec pwr co inc	0.02	2,221	249,862	reduced	-3.48

ALL	allstate corp	0.02	1,185	254,360	unchanged	0.00

AMAT	applied matls inc	0.02	1,000	204,740	new

AMGN	amgen inc	0.04	1,772	500,058	reduced	-3.12

AMZN	amazon com inc	2.94	151,363	33,234,800	added	3.27

ASTS	ast spacemobile inc	0.03	6,269	307,682	unchanged	0.00

AVGO	broadcom inc	1.61	55,370	18,267,100	added	7.49

AXP	american express co	0.03	881	292,632	unchanged	0.00

BA	boeing co	0.47	24,416	5,269,700	added	4.2

BAC	bank america corp	1.17	256,188	13,216,700	added	3.03