Monarch Capital Management Inc/ Top Holdings and 13F Report (2024) → CEO of Biggest AI Chipmaker Just Dropped a Bombshell… (From Banyan Hill Publishing) (Ad) About Monarch Capital Management Inc/Investment ActivityMonarch Capital Management Inc/ has $354.33 million in total holdings as of March 31, 2024.Monarch Capital Management Inc/ owns shares of 116 different stocks, but just 40 companies or ETFs make up 80% of its holdings.Approximately 2.31% of the portfolio was purchased this quarter.About 0.90% of the portfolio was sold this quarter.This quarter, Monarch Capital Management Inc/ has purchased 112 new stocks and bought additional shares in 27 stocks.Monarch Capital Management Inc/ sold shares of 59 stocks and completely divested from 0 stocks this quarter.Largest Holdings Microsoft $21,630,057Merck & Co., Inc. $15,643,257Home Depot $13,089,583Apple $11,483,330McDonald's $11,356,665 Largest New Holdings this Quarter Applied Materials $244,796 HoldingDeere & Company $219,296 HoldingSalesforce $205,980 HoldingVanguard Total Stock Market ETF $201,943 Holding Largest Purchases this Quarter Walmart 102,141 shares (about $6.16M)United Parcel Service 1,902 shares (about $282.69K)Applied Materials 1,187 shares (about $244.80K)Deere & Company 532 shares (about $219.30K)Salesforce 683 shares (about $205.98K) Largest Sales this Quarter Automatic Data Processing 809 shares (about $203.02K)Lakeland Financial 2,885 shares (about $191.33K)Emerson Electric 1,652 shares (about $187.37K)Quanta Services 678 shares (about $176.14K)AbbVie 934 shares (about $170.08K) Sector Allocation Over TimeMap of 500 Largest Holdings ofMonarch Capital Management Inc/ Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorMSFTMicrosoft$21,630,057$75,309 ▼-0.3%51,4126.1%Computer and TechnologyMRKMerck & Co., Inc.$15,643,257$87,205 ▼-0.6%118,0354.4%MedicalHDHome Depot$13,089,583$104,339 ▼-0.8%34,1233.7%Retail/WholesaleAAPLApple$11,483,330$5,316 ▼0.0%66,9663.2%Computer and TechnologyMCDMcDonald's$11,356,665$25,939 ▼-0.2%40,2793.2%Retail/WholesaleFELEFranklin Electric$11,175,744$102,217 ▼-0.9%104,6323.2%Industrial ProductsLKFNLakeland Financial$10,652,319$191,333 ▼-1.8%160,6203.0%FinanceABBVAbbVie$9,711,393$170,081 ▼-1.7%53,3302.7%MedicalADPAutomatic Data Processing$9,501,868$203,022 ▼-2.1%37,8632.7%Business ServicesWMTWalmart$9,343,641$6,163,421 ▲193.8%154,8442.6%Retail/WholesaleJNJJohnson & Johnson$8,428,522$21,988 ▼-0.3%53,2812.4%MedicalKRKroger$8,380,057$52,560 ▼-0.6%146,6842.4%Retail/WholesalePGProcter & Gamble$7,801,467$65,225 ▼-0.8%48,0832.2%Consumer StaplesEMREmerson Electric$7,642,694$187,370 ▼-2.4%67,3842.2%Industrial ProductsCSCOCisco Systems$7,128,646$49,910 ▲0.7%142,8302.0%Computer and TechnologyPWRQuanta Services$7,109,947$176,144 ▼-2.4%27,3672.0%ConstructionKOCoca-Cola$6,734,822$41,607 ▼-0.6%109,4231.9%Consumer StaplesABTAbbott Laboratories$6,381,669$32,507 ▼-0.5%56,1471.8%MedicalACNAccenture$6,188,375$81,800 ▼-1.3%17,8541.7%Business ServicesSYKStryker$6,148,354$64,202 ▼-1.0%17,1421.7%MedicalXOMExxon Mobil$6,067,031$52,308 ▼-0.9%52,1941.7%Oils/EnergyGOOGAlphabet$6,039,241$60,143 ▲1.0%39,6641.7%Computer and TechnologyUSBU.S. Bancorp$5,905,764$11,251 ▲0.2%131,2311.7%FinanceJPMJPMorgan Chase & Co.$5,755,821$52,479 ▼-0.9%28,7361.6%FinanceMDTMedtronic$5,629,107$8,152 ▲0.1%64,2161.6%MedicalAFLAflac$5,519,425$7,985 ▼-0.1%64,2841.6%FinanceSYYSysco$5,023,987$93,276 ▼-1.8%61,8871.4%Consumer StaplesFIFiserv$4,884,739$14,224 ▼-0.3%30,5641.4%Business ServicesSTLDSteel Dynamics$4,643,245$158,186 ▼-3.3%31,2611.3%Basic MaterialsZBHZimmer Biomet$4,579,572$4,363 ▼-0.1%34,6361.3%MedicalGPCGenuine Parts$4,380,265$23,192 ▲0.5%28,1411.2%Auto/Tires/TrucksINTCIntel$3,930,865$18,419 ▲0.5%88,9941.1%Computer and TechnologyNEENextEra Energy$3,722,247$4,793 ▼-0.1%58,2421.1%UtilitiesCINFCincinnati Financial$3,621,265$12,739 ▼-0.4%28,9961.0%FinanceGILDGilead Sciences$3,581,460$24,246 ▼-0.7%48,8941.0%MedicalMMM3M$3,522,479$9,758 ▼-0.3%33,2091.0%Multi-Sector ConglomeratesFFIVF5$3,082,544$16,684 ▼-0.5%16,2590.9%Computer and TechnologyUPSUnited Parcel Service$3,056,428$282,694 ▲10.2%20,5640.9%TransportationPFEPfizer$3,003,272$8,714 ▼-0.3%108,2260.8%MedicalDISWalt Disney$2,729,3630.0%22,3060.8%Consumer DiscretionaryVTIPVanguard Short-Term Inflation-Protected Securities ETF$2,681,697$30,171 ▲1.1%55,9970.8%ManufacturingFLSFlowserve$2,568,722$34,350 ▼-1.3%56,0860.7%Industrial ProductsTGTTarget$2,500,788$17,367 ▲0.7%14,1120.7%Retail/WholesaleBRK.BBerkshire Hathaway$2,446,586$48,360 ▼-1.9%5,8180.7%FinanceWBAWalgreens Boots Alliance$2,404,879$93,072 ▼-3.7%110,8750.7%MedicalVWOVanguard FTSE Emerging Markets ETF$2,370,170$73,892 ▼-3.0%56,7430.7%ETFCVXChevron$2,295,433$7,887 ▲0.3%14,5520.6%Oils/EnergyCARRCarrier Global$2,288,811$52,898 ▼-2.3%39,3740.6%Computer and TechnologyGEGeneral Electric$1,923,985$57,047 ▼-2.9%10,9610.5%TransportationGOOGLAlphabet$1,848,138$62,636 ▲3.5%12,2450.5%Computer and TechnologyCBChubb$1,818,773$31,443 ▼-1.7%6,9990.5%FinanceRTXRTX$1,670,2020.0%17,1250.5%AerospaceVZVerizon Communications$1,645,756$2,895 ▼-0.2%39,2220.5%Computer and TechnologyAPDAir Products and Chemicals$1,545,750$32,213 ▼-2.0%6,3340.4%Basic MaterialsSMGScotts Miracle-Gro$1,542,745$10,816 ▲0.7%20,6830.4%Basic MaterialsAESAES$1,509,545$106,540 ▲7.6%84,1910.4%UtilitiesPEPPepsiCo$1,506,944$61,645 ▼-3.9%8,5560.4%Consumer StaplesRCIRogers Communications$1,414,486$44,495 ▲3.2%34,3330.4%Consumer DiscretionaryBMYBristol-Myers Squibb$1,360,740$108 ▼0.0%25,0920.4%MedicalGWWW.W. Grainger$1,330,629$45,779 ▼-3.3%1,3080.4%Industrial ProductsPPLPPL$1,313,086$13,144 ▼-1.0%47,4540.4%UtilitiesOKEONEOK$1,248,4880.0%15,5730.4%Oils/EnergyJJacobs Solutions$1,229,840$117,450 ▼-8.7%8,0000.3%Business ServicesLINDE PLC$1,086,045$15,323 ▲1.4%2,3390.3%SHSPMPhilip Morris International$1,043,214$17,737 ▼-1.7%11,2340.3%Consumer StaplesOTISOtis Worldwide$1,021,092$17,571 ▼-1.7%10,2860.3%ConstructionCCRDCoreCard$1,014,667$26,465 ▲2.7%91,8250.3%Computer and TechnologyZIMVZimVie$995,964$116,238 ▼-10.5%60,3980.3%MedicalLMTLockheed Martin$957,383$165,806 ▲20.9%2,0960.3%AerospaceLLYEli Lilly and Company$882,985$17,893 ▲2.1%1,1350.2%MedicalBPBP$872,933$38 ▼0.0%23,1670.2%Oils/EnergyNSCNorfolk Southern$782,451$10,195 ▲1.3%3,0700.2%TransportationNUENucor$779,2740.0%3,9270.2%Basic MaterialsCPRTCopart$733,326$1,216 ▼-0.2%12,6610.2%Business ServicesADMArcher-Daniels-Midland$709,816$40,198 ▲6.0%11,3010.2%Consumer StaplesKMBKimberly-Clark$688,164$130 ▼0.0%5,2770.2%Consumer StaplesNTRSNorthern Trust$686,6040.0%7,6570.2%FinanceSPYSPDR S&P 500 ETF Trust$664,7510.0%1,2670.2%FinanceCLColgate-Palmolive$656,3750.0%7,2890.2%Consumer StaplesCOSTCostco Wholesale$635,191$6,594 ▲1.0%8670.2%Retail/WholesaleBRK.ABerkshire Hathaway$634,4400.0%10.2%FinancePLXSPlexus$611,5890.0%6,4500.2%Computer and TechnologyELVElevance Health$597,877$28,520 ▼-4.6%1,1530.2%MedicalREGNRegeneron Pharmaceuticals$562,0950.0%5840.2%MedicalWFCWells Fargo & Company$553,8080.0%9,5550.2%FinanceVVisa$539,183$17,024 ▲3.3%1,9320.2%Business ServicesPNCThe PNC Financial Services Group$513,2420.0%3,1760.1%FinanceSHWSherwin-Williams$505,713$1,737 ▼-0.3%1,4560.1%ConstructionCATCaterpillar$482,5890.0%1,3170.1%Industrial ProductsITWIllinois Tool Works$466,447$45,487 ▼-8.9%1,7330.1%Industrial ProductsMOAltria Group$459,782$8,563 ▼-1.8%10,3090.1%Consumer StaplesCNICanadian National Railway$452,688$6,981 ▼-1.5%3,4370.1%TransportationORCLOracle$437,5000.0%3,4830.1%Computer and TechnologyVEAVanguard FTSE Developed Markets ETF$437,0820.0%8,7120.1%ETFCHKPCheck Point Software Technologies$428,395$7,380 ▲1.8%2,6120.1%Computer and TechnologyCTASCintas$412,2180.0%6000.1%Industrial ProductsDGDollar General$401,8550.0%2,5750.1%Retail/WholesaleNKENIKE$377,4000.0%4,0000.1%Consumer DiscretionaryAMZNAmazon.com$339,476$97,766 ▲40.4%1,8820.1%Retail/WholesaleFRMEFirst Merchants$339,1590.0%9,7180.1%FinanceShowing largest 100 holdings. 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