GERMAN AMERICAN BANCORP, INC.

Public Company

GERMAN AMERICAN BANCORP, INC. is a Public Company based in Jasper, IN led by D. Neil Dauby, managing $1.1B across 124 long positions as of Q3 2025 with 42% ETF concentration and 54% concentrated in top 10 holdings.

CEOD. Neil Dauby

Portfolio Value: $1.1B
Positions: 124
Top Holding: ACWX at 9.31%
Last Reported: Q3 2025

Address711 Main St, Jasper, IN, 47546

Top Holdings

Largest long holdings in GERMAN AMERICAN BANCORP, INC.'s portfolio (54.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares MSCI ACWI ex US ACWX	ETF ETF	$105.3M	9.31%	+$3.2M Bought	— 1.6M shares	Q2 2018 Held for 7y 5m
2 iShares Russell Mid-Cap ETF IWR	ETF ETF	$93.1M	8.23%	+$2.4M Bought	— 964.2K shares	Q2 2018 Held for 7y 5m
3 iShares Intermediate Government/Credit Bond GVI	ETF ETF	$90.7M	8.02%	+$1.1M Bought	— 844.0K shares	Q2 2018 Held for 7y 5m
4 Microsoft MSFT	Software - Infrastructure Technology	$56.7M	5.01%	+$1.7M Bought	0.00% 109.4K shares	Q2 2018 Held for 7y 5m
5 iShares Russell 2000 IWM	ETF ETF	$52.9M	4.68%	+$1.4M Bought	— 218.7K shares	Q2 2018 Held for 7y 5m
6 Nvidia NVDA	Semiconductors Technology	$51.8M	4.58%	+$1.4M Bought	0.00% 277.8K shares	Q1 2022 Held for 3y 8m
7 Apple AAPL	Consumer Electronics Technology	$47.8M	4.22%	+$192.5K Bought	0.00% 187.6K shares	Q2 2018 Held for 7y 5m
8 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$44.3M	3.92%	+$466.8K Bought	0.00% 182.4K shares	Q2 2018 Held for 7y 5m
9 iShares Core S&P 500 ETF IVV	ETF ETF	$38.2M	3.37%	+$470.5K Bought	— 57.0K shares	Q2 2018 Held for 7y 5m
10 Amazon AMZN	Specialty Retail Consumer Cyclical	$33.2M	2.94%	+$1.1M Bought	0.00% 151.4K shares	Q2 2018 Held for 7y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in GERMAN AMERICAN BANCORP, INC.'s latest filing

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Market Value

$1.1B

Prior: $1.0B

Q/Q Change

+10.55%

+$107.9M

Net Flows % of MV

+2.1%

Turnover Ratio

3.33%

New Purchases

2 stocks

$454.3K

Added To

63 stocks

+$48.6M

Sold Out Of

9 stocks

$3.5M

Reduced Holdings

23 stocks

-$21.8M

Increased Positions

Position	Shares Δ	Change
1 Northrop Grumman NOC	New	0 → 375.0 +$228.5K
2 Illinois Tool Works ITW	New	0 → 866.0 +$225.8K
3 Berkshire Hathaway BRK.B	+1,866.98%	1.1K → 21.1K +$10.1M
4 Walmart WMT	+1,012.19%	6.3K → 69.9K +$6.6M
5 TJX Companies TJX	+449.44%	6.0K → 32.8K +$3.9M

Decreased Positions

Position	Shares Δ	Change
1 SPDR S&P Regional Banking KRE	Sold	26.6K → 0 −$1.6M
2 Energy Select Sector SPDR Fund XLE	Sold	4.7K → 0 −$402.8K
3 Duke Energy DUK	Sold	2.7K → 0 −$319.7K
4 MAV Pioneer Municipal High Income Advantage Fund MAV	Sold	32.6K → 0 −$270.7K
5 Marsh & McLennan Companies MMC	Sold	1.1K → 0 −$234.6K