MONARCH CAPITAL MANAGEMENT INC/

RIA/Wealth

MONARCH CAPITAL MANAGEMENT INC/ is a RIA/Wealth based in Fort Wayne, IN led by David Michael Meyer, reporting $476.4M in AUM as of Q3 2025 with MSFT as the largest holding (6% allocation).

CEODavid Michael Meyer

Portfolio Value: $407.9M
Positions: 122
Top Holding: MSFT at 6.16%
Last Reported: Q3 2025

Address127 W Berry Street, Suite 402, Fort Wayne, IN, 46802, United States

Top Holdings

Largest long holdings in MONARCH CAPITAL MANAGEMENT INC/'s portfolio (33.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Microsoft MSFT	Software - Infrastructure Technology	$25.1M	6.16%	-$355.3K Sold	0.00% 48.5K shares	≤ Q2 2013 Held for 12y 5m+
2 Apple AAPL	Consumer Electronics Technology	$16.6M	4.06%	-$483.8K Sold	0.00% 65.1K shares	Q3 2014 Held for 11y 2m
3 Home Depot HD	Home Improvement Consumer Cyclical	$13.5M	3.32%	-$36.1K Sold	0.00% 33.4K shares	≤ Q2 2013 Held for 12y 5m+
4 Walmart WMT	Discount Stores Consumer Defensive	$13.5M	3.30%	-$258.6K Sold	0.00% 130.5K shares	≤ Q2 2013 Held for 12y 5m+
5 iShares 0-3 Month Treasury Bond SGOV	ETF ETF	$13.3M	3.25%	+$13.3M New	— 131.7K shares	Q3 2025 Held for 2 months
6 McDonald's MCD	Restaurants Consumer Cyclical	$11.9M	2.91%	+$264.4K Bought	0.01% 39.0K shares	≤ Q2 2013 Held for 12y 5m+
7 AbbVie ABBV	Drug Manufacturers - General Healthcare	$11.7M	2.87%	-$207.9K Sold	0.00% 50.5K shares	≤ Q2 2013 Held for 12y 5m+
8 Johnson & Johnson JNJ	Drug Manufacturers - General Healthcare	$11.6M	2.84%	+$32.4K Bought	0.00% 62.5K shares	≤ Q2 2013 Held for 12y 5m+
9 Merck & Co. MRK	Drug Manufacturers - General Healthcare	$10.4M	2.56%	+$123.6K Bought	0.00% 123.3K shares	≤ Q2 2013 Held for 12y 5m+
10 Automatic Data Processing, Inc. ADP	Staffing & Employment Services Industrials	$10.3M	2.53%	-$90.8K Sold	0.01% 35.0K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in MONARCH CAPITAL MANAGEMENT INC/'s latest filing

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Market Value

$407.9M

Prior: $372.5M

Q/Q Change

+9.5%

+$35.4M

Net Flows % of MV

+3.51%

Turnover Ratio

3.22%

New Purchases

4 stocks

$15.0M

Added To

43 stocks

+$4.8M

Sold Out Of

2 stocks

$1.1M

Reduced Holdings

47 stocks

-$4.4M

Increased Positions

Position	Shares Δ	Change
1 iShares 0-3 Month Treasury Bond SGOV	New	0 → 131.7K +$13.3M
2 Invesco S&P 500 Equal Weight ETF RSP	New	0 → 4.6K +$877.7K
3 Vanguard S&P 500 ETF VOO	New	0 → 1.1K +$659.0K
4 NVO Novo Nordisk NVO	New	0 → 4.2K +$234.2K
5 Hecla Mining HL	+43.12%	10.9K → 15.6K +$56.9K

Decreased Positions

Position	Shares Δ	Change
1 Walgreens Boots Alliance WBA	Sold	78.1K → 0 −$896.5K
2 Texas Instruments TXN	Sold	1.0K → 0 −$209.1K
3 Eli Lilly LLY	-19.15%	1.6K → 1.3K −$236.5K
4 BP BP BP	-14.74%	20.3K → 17.3K −$103.1K
5 ZimVie Inc. ZIMV	-8.91%	80.4K → 73.2K −$135.7K

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Analytics

Portfolio insights and performance metrics for MONARCH CAPITAL MANAGEMENT INC/

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Sector Allocation

Technology

18.50%

Healthcare

17.00%

Industrials

15.00%

Consumer Defensive

12.80%

Financial Services

10.50%

Consumer Cyclical

7.80%

ETF

5.70%

Communication Services

5.00%

Basic Materials

2.70%

Utilities

2.40%

Energy

2.40%

Market Cap Distribution

Mega Cap (> $200B)

47.51%

Large Cap ($10B - $200B)

38.87%

Mid Cap ($2B - $10B)

4.11%

Small Cap ($300M - $2B)

2.76%

Micro Cap ($50M - $300M)

0.66%

N/A (ETF or Unknown)

6.08%

Portfolio Concentration

Top 10 Holdings %

33.79%

Top 20 Holdings %

54.68%

Top 50 Holdings %

85.04%

Top 100 Holdings %

98.34%