Q2 2026 13F · SEC CIK 938759

Monarch Capital Management Inc

Wealth managerFiled 2026-07-22 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $436.2M
Reported positions: 130
Top holdings a year, 3 yrs: +11.6%
Assets under management: $495.7M

Monarch Capital Management Inc is a wealth manager that reported 130 positions worth $436.2M in its Q2 2026 13F, filed 2026-07-22. Its largest holdings were Microsoft Corp (MSFT, 4.1%), Apple Inc (AAPL, 3.9%), Merck & Co. Inc (MRK, 3.5%). A portfolio copying its top holdings returned 11.6% a year over the last 3 years, against 20.4% for the S&P 500.

Monarch Capital Management Inc holdings largest 50 of 130 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Monarch Capital Management Inc 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
MSFTMicrosoft Corp	4.1%	4.4%	48,413	+0.8%	$18.1M
AAPLApple Inc	3.9%	3.7%	58,407	-2.3%	$16.9M
MRKMerck & Co. Inc	3.5%	3.6%	119,322	-1.0%	$15.4M
CSCOCisco Sys Inc	3.4%	2.5%	128,027	-4.4%	$15.0M
JNJJohnson & Johnson	3.4%	3.5%	57,752	-1.2%	$14.7M
GOOGAlphabet Inc	3.0%	2.6%	37,110	-1.2%	$13.1M
WMTWalmart Inc	3.0%	3.6%	114,462	-2.8%	$13.0M
ABBVAbbvie Inc	2.8%	2.6%	49,047	+0.6%	$12.3M
HDHome Depot Inc Com	2.6%	2.7%	32,717	-0.9%	$11.5M
PWRQuanta Svcs Inc Com	2.6%	2.3%	15,558	-10.7%	$11.2M
MCDMcdonalds Corp Com	2.3%	2.9%	37,652	-0.7%	$10.2M
INTCIntel Corp	2.3%	0.9%	72,107	-16.6%	$10.1M
FELEFranklin Electric Co Inc	2.3%	2.1%	92,767	-2.1%	$9.9M
SGOViShares 0-3 Month Treasury Bon	2.2%	3.1%	94,511	-24.3%	$9.5M
LKFNLakeland Finl Corp	2.1%	2.1%	146,833	-0.8%	$9.1M
KRThe Kroger Co	2.0%	2.6%	154,200	+3.4%	$8.6M
ADPAutomatic Data Processing Inc Com	1.9%	1.9%	36,958	+0.1%	$8.3M
EMREmerson Elec Co Com	1.9%	1.8%	56,365	-0.4%	$8.1M
USBUS Bancorp Del	1.7%	1.6%	123,612	-0.6%	$7.5M
KOCoca Cola Co	1.7%	1.7%	89,785	-1.7%	$7.3M
JPMJpmorgan Chase & Co	1.6%	1.5%	20,695	+0.7%	$6.8M
PGProcter & Gamble Co Com	1.5%	1.6%	45,496	-0.9%	$6.7M
AFLAflac Inc	1.5%	1.5%	54,068	-1.5%	$6.3M
XOMExxon Mobil Corp	1.4%	2.0%	45,435	-5.2%	$6.2M
STLDSteel Dynamics, Inc.	1.4%	1.3%	26,525	-9.0%	$6.1M
FFIVF5 Inc	1.3%	1.0%	14,036	-2.9%	$5.8M
GOOGLAlphabet Inc	1.2%	1.1%	15,058	-3.4%	$5.4M
GILDGilead Sciences	1.2%	1.4%	40,685	+1.4%	$5.1M
MMM3m Co Com	1.2%	1.1%	31,332	+0.4%	$5.1M
ABTAbbott Laboratories	1.2%	1.4%	55,805	+2.8%	$5.1M
CINFCincinnati Financial Corporation	1.2%	1.1%	27,051	-0.5%	$5.0M
NEENextera Energy Inc Com	1.1%	1.3%	56,577	-1.2%	$5.0M
SYKStryker Corporation	1.1%	1.1%	15,296	+9.3%	$4.8M
MDTMedtronic PLC	1.1%	1.3%	59,986	+0.6%	$4.7M
SYYSysco Corp	1.0%	1.0%	54,693	+0.3%	$4.6M
GPCGenuine Parts Co Com	1.0%	1.0%	37,668	+3.2%	$4.5M
APDAir Products and Chemicals Inc	0.9%	1.0%	13,761	+0.3%	$4.0M
CARRCarrier Global Corporation	0.8%	0.6%	46,960	+0.2%	$3.4M
UPSUnited Parcel Svcs Inc Cl B	0.8%	0.8%	32,036	+1.8%	$3.4M
FLSFlowserve Corp	0.8%	0.8%	45,491	-0.4%	$3.4M
ZBHZimmer Hldgs Inc	0.7%	0.8%	37,714	+0.9%	$3.3M
VWOVanguard Intl Equity Index F	0.7%	0.7%	52,656	+1.7%	$3.1M
PFEPfizer Inc	0.7%	0.9%	127,572	+2.2%	$3.1M
RTXRtx Corporation Com	0.7%	0.8%	15,948	-0.9%	$3.0M
FISVFiserv Inc	0.6%	0.6%	56,749	+24.5%	$2.8M
BRK-BBerkshire Hathaway Inc Del	0.6%	0.7%	5,531	-0.6%	$2.8M
CBChubb Limited Com	0.6%	0.6%	7,853	+2.6%	$2.7M
VTIPVanguard Malvern Fds	0.6%	0.7%	51,236	-3.9%	$2.6M
TGTTarget Corp Com	0.6%	—	18,999	—	$2.5M
GEGe Aerospace	0.5%	—	6,368	—	$2.4M

What Monarch Capital Management Inc bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +12.4% /yr; S&P 500 +20.1%
3 years: +11.6% /yr; S&P 500 +20.4%
5 years: +7.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$436.2M	130
Q1 2026	$408.6M	127
Q4 2025	$406.8M	124
Q3 2025	$407.9M	122
Q2 2025	$372.5M	117
Q1 2025	$359.8M	115
Q4 2024	$365.1M	114
Q3 2024	$371.4M	118
Q2 2024	$340.3M	114
Q1 2024	$354.3M	116
Q4 2023	$330.2M	112
Q3 2023	$311.2M	109

Questions about Monarch Capital Management Inc's portfolio

What stocks does Monarch Capital Management Inc own?

Monarch Capital Management Inc's latest 13F, for Q2 2026 and filed Jul 22, 2026, lists 130 positions worth $436.2M. The largest are Microsoft Corp (MSFT) at 4.1%, Apple Inc (AAPL) at 3.9%, Merck & Co. Inc (MRK) at 3.5%, Cisco Sys Inc (CSCO) at 3.4% and Johnson & Johnson (JNJ) at 3.4%.

What did Monarch Capital Management Inc buy last quarter?

In Q2 2026, Monarch Capital Management Inc added Fiserv Inc (FISV) (+24.5% shares) and Stryker Corporation (SYK) (+9.3% shares), compared with its Q1 2026 filing.

What did Monarch Capital Management Inc sell last quarter?

In Q2 2026, Monarch Capital Management Inc cut from its top 50 Accenture PLC Ireland Shs Class A (ACN), cut from its top 50 Chevron Corp New (CVX), iShares 0-3 Month Treasury Bon (SGOV) (-24.3% shares), Intel Corp (INTC) (-16.6% shares) and Quanta Svcs Inc Com (PWR) (-10.7% shares), compared with its Q1 2026 filing.

How has Monarch Capital Management Inc's portfolio performed?

A portfolio copying Monarch Capital Management Inc's 20 largest 13F holdings each quarter, from the day each filing was public, returned +11.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +12.4% against +20.1%. Over 5 years: +7.5% a year against +11.6%.

When is Monarch Capital Management Inc's next 13F filing due?

13F filings are due 45 days after each quarter ends. Monarch Capital Management Inc's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Monarch Capital Management Inc manage?

Monarch Capital Management Inc reported $495.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $436.2M.