Latest MONARCH CAPITAL MANAGEMENT INC/ Stock Portfolio

MONARCH CAPITAL MANAGEMENT INC/ Performance:

2026 Q1: 0.48%YTD: 0.48%2025: 9.22%

Performance for 2026 Q1 is 0.48%, and YTD is 0.48%, and 2025 is 9.22%.

About MONARCH CAPITAL MANAGEMENT INC/ and 13F Hedge Fund Stock Holdings

MONARCH CAPITAL MANAGEMENT INC is a hedge fund based in Fort Wayne, IN. On 2026-04-16, the fund reported it's updated stock portfolio. In the 13F Holdings report, MONARCH CAPITAL MANAGEMENT INC reported an equity portfolio of $408.6 Millions as of 31 Mar, 2026.

The top stock holdings of MONARCH CAPITAL MANAGEMENT INC are MSFT, AAPL, WMT. The fund has invested 4.3% of it's portfolio in MICROSOFT CORP and 3.7% of portfolio in APPLE INC.

The fund managers got completely rid off INTERNATIONAL BUSINESS MACHS (IBM) and STRIVE INC stocks. They significantly reduced their stock positions in INVESCO EXCHANGE TRADED FD T (CSD), VANGUARD INDEX FDS (VB) and WELLS FARGO & CO (WFC). MONARCH CAPITAL MANAGEMENT INC opened new stock positions in RIO TINTO PLC (RIO), GFL ENVIRONMENTAL INC (GFL) and NOVARTIS AG (NVS). The fund showed a lot of confidence in some stocks as they added substantially to PROGRESSIVE CORP (PGR), SALESFORCE INC (CRM) and AMAZON COM INC (AMZN).

MONARCH CAPITAL MANAGEMENT INC/ Annual Return Estimates Vs S&P 500

Our best estimate is that MONARCH CAPITAL MANAGEMENT INC made a return of 0.48% in the last quarter. In trailing 12 months, it's portfolio return was 10.04%.

Performance
S&P 500

New Buys

Ticker	$ Bought
rio tinto plc	326,353
gfl environmental inc	245,940
novartis ag	213,850
mondelez intl inc	203,253
phillips 66	201,127

New stocks bought by MONARCH CAPITAL MANAGEMENT INC/

Additions

Ticker	% Inc.
progressive corp	232
salesforce inc	94.94
amazon com inc	74.8
check point software tech lt	47.92
vanguard whitehall fds	44.31
novo-nordisk a s	44.23
ishares tr	26.85
vanguard scottsdale fds	13.23

Additions to existing portfolio by MONARCH CAPITAL MANAGEMENT INC/

Reductions

Ticker	% Reduced
invesco exchange traded fd t	-17.13
vanguard index fds	-16.33
wells fargo & co	-14.33
northern tr corp	-12.27
ge aerospace	-9.1
gilead sciences inc	-7.86
norfolk southn corp	-7.84
at&t inc	-7.01

MONARCH CAPITAL MANAGEMENT INC/ reduced stake in above stock

Sold off

Ticker	$ Sold
strive inc	-7,380
international business machs	-237,265

MONARCH CAPITAL MANAGEMENT INC/ got rid off the above stocks

Sector Distribution

MONARCH CAPITAL MANAGEMENT INC has about 17.8% of it's holdings in Healthcare sector.

Sector	%
Healthcare	17.8
Technology	15
Industrials	14.8
Consumer Defensive	13.6
Financial Services	9.1
Others	9
Consumer Cyclical	6.8
Communication Services	4.9
Energy	3.3
Basic Materials	3.2
Utilities	2.4

Market Cap. Distribution

MONARCH CAPITAL MANAGEMENT INC has about 85.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	46.3
LARGE-CAP	39.1
UNALLOCATED	9
MID-CAP	3.4
SMALL-CAP	2.1

Stocks belong to which Index?

About 89.1% of the stocks held by MONARCH CAPITAL MANAGEMENT INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	84.4
Others	10.8
RUSSELL 2000	4.7

Top 5 Winners (%)		%
COP	conocophillips	41.0 %
XOM	exxon mobil corp	40.3 %
PLXS	plexus corp	36.7 %
CVX	chevron corporation	35.1 %
BP	bp plc	34.4 %

Top 5 Winners ($)		$
XOM	exxon mobil corp	2.4 M
PWR	quanta svcs inc	2.3 M
JNJ	johnson & johnson	2.2 M
MRK	merck & co inc	1.8 M
WMT	walmart inc	1.6 M

Top 5 Losers (%)		%
ACN	accenture plc ireland	-26.0 %
ORCL	oracle corp	-24.5 %
CRM	salesforce inc	-24.1 %
MSFT	microsoft corp	-23.4 %
NVO	novo-nordisk a s	-23.2 %

Top 5 Losers ($)		$
MSFT	microsoft corp	-5.5 M
ADP	automatic data processing in	-2.0 M
ACN	accenture plc ireland	-1.3 M
ABT	abbott laboratories	-1.2 M
AAPL	apple inc	-1.1 M

MONARCH CAPITAL MANAGEMENT INC/ Holdings Map

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

Current Stock Holdings of MONARCH CAPITAL MANAGEMENT INC/

MONARCH CAPITAL MANAGEMENT INC has 127 stocks in it's portfolio. About 32.6% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. XOM was the most profitable stock for MONARCH CAPITAL MANAGEMENT INC last quarter.

Last Reported on: 16 Apr, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	3.71	59,810	15,179,200	reduced	-4.71

ABBV	abbvie inc	2.60	48,772	10,607,400	reduced	-1.65

ABT	abbott laboratories	1.36	54,260	5,570,880	reduced	-0.01

ACN	accenture plc ireland	0.88	18,205	3,609,870	added	0.89

ADM	archer daniels midland co	0.38	21,456	1,559,640	added	0.05

ADP	automatic data processing in	1.85	36,937	7,559,890	added	4.64

AES	aes corp	0.48	139,101	1,959,930	reduced	-0.24

AFL	aflac inc	1.47	54,888	6,021,760	reduced	-3.67

AMAT	applied matls inc	0.08	970	331,537	unchanged	0.00

AMGN	amgen inc	0.06	760	267,406	unchanged	0.00

AMZN	amazon com inc	0.29	5,674	1,181,720	added	74.8

ANTX	elevance health inc formerly	0.08	1,153	337,541	unchanged	0.00

APD	air products and chemicals i	0.98	13,724	3,986,680	added	1.63

BKH	black hills corp	0.09	5,485	380,714	unchanged	0.00

BMY	bristol-myers squibb co	0.36	23,965	1,453,480	reduced	-0.06

BNDW	vanguard scottsdale fds	0.21	8,561	857,556	added	13.23

BP	bp plc	0.19	16,355	768,685	reduced	-5.49

CARR	carrier global corporation	0.65	46,865	2,638,970	added	4.67

CAT	caterpillar inc	0.21	1,237	876,366	unchanged	0.00

CB	chubb ltd switz	0.61	7,653	2,500,660	added	2.22