MONARCH CAPITAL MANAGEMENT INC/ Diversified Active

CIK: 0000938759 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 23, 2026

Total Value ($000): $406,844 (100.0% shares, 0.0% debt)

Holdings (124)

New Positions (5)

EEFT EURONET WORLDWIDE INC 0.6%

Value ($000) $2,281 Shares 29,974 Est. Cost $77.96 Unrealized 0.0%

CSL CARLISLE COS INC 0.1%

Value ($000) $271 Shares 847 Est. Cost $322.65 Unrealized 0.0%

AMAT APPLIED MATLS INC 0.1%

Value ($000) $249 Shares 970 Est. Cost $239.49 Unrealized 0.0%

PGR PROGRESSIVE CORP 0.1%

Value ($000) $205 Shares 900 Est. Cost $212.34 Unrealized 0.0%

— STRIVE INC 0.0%

Value ($000) $7 Shares 10,000 Est. Cost $0.74 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EEFT	EURONET WORLDWIDE INC	29,974	$2,281	0.6%	$77.96	0.0%	COM	298736109
CSL	CARLISLE COS INC	847	$271	0.1%	$322.65	0.0%	COM	142339100
AMAT	APPLIED MATLS INC	970	$249	0.1%	$239.49	0.0%	COM	038222105
PGR	PROGRESSIVE CORP	900	$205	0.1%	$212.34	0.0%	COM	743315103
—	STRIVE INC	10,000	$7	0.0%	$0.74	—	CL A COM	862945102

Increased Positions (28)

FISV FISERV INC 0.7%

Value ($000) $2,778 (-42.2%) Shares 41,361 (+10.9%) Est. Cost $110.49 Unrealized -24.1%

CRM SALESFORCE INC 0.4%

Value ($000) $1,456 (+248.7%) Shares 5,491 (+212.2%) Est. Cost $249.21 Unrealized -0.4%

FFIV F5 INC 0.9%

Value ($000) $3,701 (-20.0%) Shares 14,497 (+1.3%) Est. Cost $147.37 Unrealized +82.5%

REGN REGENERON PHARMACEUTICALS 0.6%

Value ($000) $2,408 (+46.9%) Shares 3,119 (+7.0%) Est. Cost $638.59 Unrealized +6.3%

DG DOLLAR GEN CORP NEW 0.6%

Value ($000) $2,499 (+35.0%) Shares 18,824 (+5.1%) Est. Cost $95.93 Unrealized +16.2%

UPS UNITED PARCEL SERVICE INC 0.7%

Value ($000) $3,038 (+23.1%) Shares 30,625 (+3.7%) Est. Cost $113.50 Unrealized -18.3%

KR KROGER CO 2.3%

Value ($000) $9,301 (-4.8%) Shares 148,865 (+2.8%) Est. Cost $24.82 Unrealized +162.8%

TGT TARGET CORP 0.4%

Value ($000) $1,811 (+26.8%) Shares 18,529 (+16.3%) Est. Cost $99.81 Unrealized -8.2%

VTWO VANGUARD SCOTTSDALE FDS 0.2%

Value ($000) $752 (+65.6%) Shares 7,561 (+62.7%) Est. Cost $94.28 Unrealized —

NVO NOVO-NORDISK A S 0.1%

Value ($000) $504 (+115.2%) Shares 9,904 (+134.7%) Est. Cost $52.84 Unrealized —

AES AES CORP 0.5%

Value ($000) $1,999 (+14.6%) Shares 139,431 (+5.2%) Est. Cost $14.31 Unrealized -2.0%

ZBH ZIMMER BIOMET HOLDINGS INC 0.8%

Value ($000) $3,341 (-6.2%) Shares 37,058 (+2.8%) Est. Cost $127.70 Unrealized -25.9%

RSP INVESCO EXCHANGE TRADED FD T 0.3%

Value ($000) $1,085 (+23.6%) Shares 5,662 (+22.4%) Est. Cost $190.04 Unrealized —

OKE ONEOK INC NEW 0.4%

Value ($000) $1,605 (+14.0%) Shares 21,841 (+13.2%) Est. Cost $60.27 Unrealized +16.9%

PEP PEPSICO INC 0.5%

Value ($000) $1,877 (+10.2%) Shares 12,973 (+7.0%) Est. Cost $94.54 Unrealized +54.3%

AMZN AMAZON COM INC 0.2%

Value ($000) $749 (+21.4%) Shares 3,246 (+15.5%) Est. Cost $177.79 Unrealized +28.7%

SMG SCOTTS MIRACLE-GRO CO 0.3%

Value ($000) $1,414 (+9.7%) Shares 24,237 (+7.0%) Est. Cost $80.23 Unrealized -31.2%

APD AIR PRODS & CHEMS INC 0.8%

Value ($000) $3,336 (-3.2%) Shares 13,504 (+6.9%) Est. Cost $185.18 Unrealized +35.9%

CARR CARRIER GLOBAL CORPORATION 0.6%

Value ($000) $2,366 (-4.2%) Shares 44,775 (+8.3%) Est. Cost $26.00 Unrealized +113.6%

NVDA NVIDIA CORPORATION 0.2%

Value ($000) $631 (+17.8%) Shares 3,386 (+17.9%) Est. Cost $143.39 Unrealized +29.8%

VZ VERIZON COMMUNICATIONS INC 0.5%

Value ($000) $1,904 (-4.5%) Shares 46,757 (+3.0%) Est. Cost $35.46 Unrealized +14.2%

VYMI VANGUARD WHITEHALL FDS 0.1%

Value ($000) $454 (+23.4%) Shares 5,044 (+16.1%) Est. Cost $85.42 Unrealized —

PPL PPL CORP 0.4%

Value ($000) $1,746 (-3.7%) Shares 49,636 (+2.2%) Est. Cost $20.74 Unrealized +72.7%

CNI CANADIAN NATL RY CO 0.1%

Value ($000) $502 (+13.3%) Shares 5,082 (+8.1%) Est. Cost $71.11 Unrealized +35.2%

ADM ARCHER DANIELS MIDLAND CO 0.3%

Value ($000) $1,233 (+4.0%) Shares 21,446 (+8.0%) Est. Cost $43.79 Unrealized +35.8%

PFE PFIZER INC 0.8%

Value ($000) $3,133 (+1.2%) Shares 125,842 (+3.5%) Est. Cost $18.93 Unrealized +32.3%

CHKP CHECK POINT SOFTWARE TECH LT 0.2%

Value ($000) $638 (-3.8%) Shares 3,439 (+7.3%) Est. Cost $140.02 Unrealized +38.1%

VTIP VANGUARD MALVERN FDS 0.6%

Value ($000) $2,595 (-0.6%) Shares 52,476 (+1.8%) Est. Cost $51.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	FISERV INC	41,361 (+10.9%)	$2,778 (-42.2%)	0.7%	$110.49	-24.1%	COM	337738108
CRM	SALESFORCE INC	5,491 (+212.2%)	$1,456 (+248.7%)	0.4%	$249.21	-0.4%	COM	79466L302
FFIV	F5 INC	14,497 (+1.3%)	$3,701 (-20.0%)	0.9%	$147.37	+82.5%	COM	315616102
REGN	REGENERON PHARMACEUTICALS	3,119 (+7.0%)	$2,408 (+46.9%)	0.6%	$638.59	+6.3%	COM	75886F107
DG	DOLLAR GEN CORP NEW	18,824 (+5.1%)	$2,499 (+35.0%)	0.6%	$95.93	+16.2%	COM	256677105
UPS	UNITED PARCEL SERVICE INC	30,625 (+3.7%)	$3,038 (+23.1%)	0.7%	$113.50	-18.3%	CL B	911312106
KR	KROGER CO	148,865 (+2.8%)	$9,301 (-4.8%)	2.3%	$24.82	+162.8%	COM	501044101
TGT	TARGET CORP	18,529 (+16.3%)	$1,811 (+26.8%)	0.4%	$99.81	-8.2%	COM	87612E106
VTWO	VANGUARD SCOTTSDALE FDS	7,561 (+62.7%)	$752 (+65.6%)	0.2%	$94.28	—	VNG RUS2000IDX	92206C664
NVO	NOVO-NORDISK A S	9,904 (+134.7%)	$504 (+115.2%)	0.1%	$52.84	—	ADR	670100205
AES	AES CORP	139,431 (+5.2%)	$1,999 (+14.6%)	0.5%	$14.31	-2.0%	COM	00130H105
ZBH	ZIMMER BIOMET HOLDINGS INC	37,058 (+2.8%)	$3,341 (-6.2%)	0.8%	$127.70	-25.9%	COM	98956P102
RSP	INVESCO EXCHANGE TRADED FD T	5,662 (+22.4%)	$1,085 (+23.6%)	0.3%	$190.04	—	S&P500 EQL WGT	46137V357
OKE	ONEOK INC NEW	21,841 (+13.2%)	$1,605 (+14.0%)	0.4%	$60.27	+16.9%	COM	682680103
PEP	PEPSICO INC	12,973 (+7.0%)	$1,877 (+10.2%)	0.5%	$94.54	+54.3%	COM	713448108
AMZN	AMAZON COM INC	3,246 (+15.5%)	$749 (+21.4%)	0.2%	$177.79	+28.7%	COM	023135106
SMG	SCOTTS MIRACLE-GRO CO	24,237 (+7.0%)	$1,414 (+9.7%)	0.3%	$80.23	-31.2%	CL A	810186106
APD	AIR PRODS & CHEMS INC	13,504 (+6.9%)	$3,336 (-3.2%)	0.8%	$185.18	+35.9%	COM	009158106
CARR	CARRIER GLOBAL CORPORATION	44,775 (+8.3%)	$2,366 (-4.2%)	0.6%	$26.00	+113.6%	COM	14448C104
NVDA	NVIDIA CORPORATION	3,386 (+17.9%)	$631 (+17.8%)	0.2%	$143.39	+29.8%	COM	67066G104
VZ	VERIZON COMMUNICATIONS INC	46,757 (+3.0%)	$1,904 (-4.5%)	0.5%	$35.46	+14.2%	COM	92343V104
VYMI	VANGUARD WHITEHALL FDS	5,044 (+16.1%)	$454 (+23.4%)	0.1%	$85.42	—	INTL HIGH ETF	921946794
PPL	PPL CORP	49,636 (+2.2%)	$1,746 (-3.7%)	0.4%	$20.74	+72.7%	COM	69351T106
CNI	CANADIAN NATL RY CO	5,082 (+8.1%)	$502 (+13.3%)	0.1%	$71.11	+35.2%	COM	136375102
ADM	ARCHER DANIELS MIDLAND CO	21,446 (+8.0%)	$1,233 (+4.0%)	0.3%	$43.79	+35.8%	COM	039483102
PFE	PFIZER INC	125,842 (+3.5%)	$3,133 (+1.2%)	0.8%	$18.93	+32.3%	COM	717081103
CHKP	CHECK POINT SOFTWARE TECH LT	3,439 (+7.3%)	$638 (-3.8%)	0.2%	$140.02	+38.1%	ORD	M22465104
VTIP	VANGUARD MALVERN FDS	52,476 (+1.8%)	$2,595 (-0.6%)	0.6%	$51.76	—	STRM INFPROIDX	922020805

Exited Positions (3)

— CORECARD CORPORATION 0.7%

Value ($000) $2,700 Shares 100,310 Est. Cost $28.52 Unrealized —

— ZIMVIE INC 0.3%

Value ($000) $1,387 Shares 73,210 Est. Cost $10.51 Unrealized —

MDLZ MONDELEZ INTL INC 0.1%

Value ($000) $220 Shares 3,500 Est. Cost $61.89 Unrealized -7.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	CORECARD CORPORATION	100,310	$2,700	0.7%	$28.52	—	—	45816D100
—	ZIMVIE INC	73,210	$1,387	0.3%	$10.51	—	—	98888T107
MDLZ	MONDELEZ INTL INC	3,500	$220	0.1%	$61.89	-7.8%	—	609207105

Decreased Positions (43)

SGOV ISHARES TR 2.4%

Value ($000) $9,881 (-25.5%) Shares 98,433 (-25.3%) Est. Cost $100.70 Unrealized —

GOOG ALPHABET INC 3.0%

Value ($000) $12,061 (+25.2%) Shares 38,435 (-2.8%) Est. Cost $112.32 Unrealized +154.9%

JNJ JOHNSON & JOHNSON 3.1%

Value ($000) $12,600 (+8.8%) Shares 60,883 (-2.5%) Est. Cost $71.89 Unrealized +174.1%

GOOGL ALPHABET INC 1.2%

Value ($000) $4,990 (+23.6%) Shares 15,941 (-4.0%) Est. Cost $130.99 Unrealized +118.0%

CSCO CISCO SYS INC 2.6%

Value ($000) $10,510 (+9.7%) Shares 136,438 (-2.6%) Est. Cost $38.47 Unrealized +91.8%

STLD STEEL DYNAMICS INC 1.3%

Value ($000) $5,119 (+16.8%) Shares 30,148 (-3.9%) Est. Cost $16.71 Unrealized +847.5%

FLS FLOWSERVE CORP 0.8%

Value ($000) $3,393 (+25.2%) Shares 48,806 (-4.0%) Est. Cost $38.51 Unrealized +66.4%

SYY SYSCO CORP 1.0%

Value ($000) $4,109 (-12.8%) Shares 55,759 (-2.6%) Est. Cost $28.37 Unrealized +166.2%

WMT WALMART INC 3.4%

Value ($000) $14,030 (+4.3%) Shares 125,935 (-3.5%) Est. Cost $43.62 Unrealized +145.8%

GPC GENUINE PARTS CO 1.0%

Value ($000) $4,180 (-12.2%) Shares 33,779 (-1.1%) Est. Cost $74.77 Unrealized +72.1%

PWR QUANTA SVCS INC 1.9%

Value ($000) $7,813 (-6.3%) Shares 18,511 (-8.0%) Est. Cost $34.13 Unrealized +1187.0%

AAPL APPLE INC 4.2%

Value ($000) $17,063 (+3.0%) Shares 62,763 (-3.5%) Est. Cost $94.99 Unrealized +182.5%

USB US BANCORP DEL 1.7%

Value ($000) $6,949 (+7.0%) Shares 129,394 (-3.1%) Est. Cost $28.08 Unrealized +73.5%

GILD GILEAD SCIENCES INC 1.3%

Value ($000) $5,342 (+8.9%) Shares 43,527 (-1.6%) Est. Cost $54.97 Unrealized +119.9%

ABBV ABBVIE INC 2.8%

Value ($000) $11,331 (-3.0%) Shares 49,592 (-1.7%) Est. Cost $36.78 Unrealized +518.7%

ACN ACCENTURE PLC IRELAND 1.2%

Value ($000) $4,841 (+7.4%) Shares 18,045 (-1.3%) Est. Cost $75.53 Unrealized +236.4%

VOO VANGUARD INDEX FDS 0.1%

Value ($000) $346 (-47.6%) Shares 551 (-48.6%) Est. Cost $614.12 Unrealized —

AFL AFLAC INC 1.5%

Value ($000) $6,283 (-4.5%) Shares 56,982 (-3.3%) Est. Cost $30.55 Unrealized +259.5%

XOM EXXON MOBIL CORP 1.5%

Value ($000) $5,965 (+5.0%) Shares 49,571 (-1.6%) Est. Cost $52.36 Unrealized +120.6%

LLY ELI LILLY & CO 0.3%

Value ($000) $1,247 (+24.8%) Shares 1,160 (-11.4%) Est. Cost $275.13 Unrealized +247.3%

RTX RTX CORPORATION 0.7%

Value ($000) $2,991 (+7.5%) Shares 16,308 (-1.9%) Est. Cost $56.10 Unrealized +208.9%

NEE NEXTERA ENERGY INC 1.2%

Value ($000) $4,691 (+4.4%) Shares 58,438 (-1.8%) Est. Cost $54.53 Unrealized +51.3%

INTC INTEL CORP 0.8%

Value ($000) $3,212 (+6.6%) Shares 87,048 (-3.1%) Est. Cost $18.12 Unrealized +108.4%

KO COCA COLA CO 1.6%

Value ($000) $6,605 (+2.8%) Shares 94,475 (-1.9%) Est. Cost $28.05 Unrealized +147.4%

GE GE AEROSPACE 0.6%

Value ($000) $2,280 (-6.2%) Shares 7,393 (-8.4%) Est. Cost $62.95 Unrealized +377.8%

RCI ROGERS COMMUNICATIONS INC 0.6%

Value ($000) $2,255 (+7.0%) Shares 59,386 (-2.2%) Est. Cost $37.01 Unrealized +1.3%

VWO VANGUARD INTL EQUITY INDEX F 0.7%

Value ($000) $2,808 (-4.6%) Shares 52,228 (-3.9%) Est. Cost $40.55 Unrealized —

DIS DISNEY WALT CO 0.5%

Value ($000) $2,186 (-5.3%) Shares 19,112 (-5.2%) Est. Cost $96.56 Unrealized +13.4%

NSC NORFOLK SOUTHN CORP 0.2%

Value ($000) $663 (-14.8%) Shares 2,295 (-11.4%) Est. Cost $61.86 Unrealized +366.6%

EMR EMERSON ELEC CO 1.9%

Value ($000) $7,596 (-1.4%) Shares 57,236 (-2.5%) Est. Cost $39.86 Unrealized +232.1%

CPRT COPART INC 0.1%

Value ($000) $527 (-16.7%) Shares 13,461 (-4.3%) Est. Cost $39.27 Unrealized +5.6%

CVX CHEVRON CORP NEW 0.5%

Value ($000) $2,134 (-4.0%) Shares 14,001 (-2.2%) Est. Cost $74.34 Unrealized +103.7%

FELE FRANKLIN ELEC INC 2.3%

Value ($000) $9,201 (-0.7%) Shares 96,312 (-1.1%) Est. Cost $28.72 Unrealized +231.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.7%

Value ($000) $2,797 (-2.3%) Shares 5,565 (-2.3%) Est. Cost $142.56 Unrealized +249.0%

CINF CINCINNATI FINL CORP 1.1%

Value ($000) $4,532 (+1.4%) Shares 27,617 (-1.8%) Est. Cost $32.92 Unrealized +389.7%

ITW ILLINOIS TOOL WKS INC 0.1%

Value ($000) $341 (-14.0%) Shares 1,377 (-9.0%) Est. Cost $102.49 Unrealized +141.5%

COP CONOCOPHILLIPS 0.1%

Value ($000) $228 (-17.5%) Shares 2,436 (-16.7%) Est. Cost $90.73 Unrealized -0.8%

OTIS OTIS WORLDWIDE CORP 0.2%

Value ($000) $776 (-5.8%) Shares 8,883 (-1.4%) Est. Cost $48.05 Unrealized +85.7%

MDT MEDTRONIC PLC 1.4%

Value ($000) $5,690 (-0.7%) Shares 58,902 (-1.6%) Est. Cost $92.68 Unrealized +4.8%

WFC WELLS FARGO CO NEW 0.2%

Value ($000) $836 (+5.0%) Shares 8,969 (-5.5%) Est. Cost $32.82 Unrealized +164.0%

SHW SHERWIN WILLIAMS CO 0.1%

Value ($000) $467 (-7.4%) Shares 1,440 (-1.1%) Est. Cost $289.12 Unrealized +15.6%

GEV GE VERNOVA INC 0.3%

Value ($000) $1,241 (+2.6%) Shares 1,899 (-3.5%) Est. Cost $163.78 Unrealized +271.9%

PLXS PLEXUS CORP 0.2%

Value ($000) $875 (-1.7%) Shares 5,950 (-3.3%) Est. Cost $27.78 Unrealized +427.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SGOV	ISHARES TR	98,433 (-25.3%)	$9,881 (-25.5%)	2.4%	$100.70	—	0-3 MNTH TREASRY	46436E718
GOOG	ALPHABET INC	38,435 (-2.8%)	$12,061 (+25.2%)	3.0%	$112.32	+154.9%	CAP STK CL C	02079K107
JNJ	JOHNSON & JOHNSON	60,883 (-2.5%)	$12,600 (+8.8%)	3.1%	$71.89	+174.1%	COM	478160104
GOOGL	ALPHABET INC	15,941 (-4.0%)	$4,990 (+23.6%)	1.2%	$130.99	+118.0%	CAP STK CL A	02079K305
CSCO	CISCO SYS INC	136,438 (-2.6%)	$10,510 (+9.7%)	2.6%	$38.47	+91.8%	COM	17275R102
STLD	STEEL DYNAMICS INC	30,148 (-3.9%)	$5,119 (+16.8%)	1.3%	$16.71	+847.5%	COM	858119100
FLS	FLOWSERVE CORP	48,806 (-4.0%)	$3,393 (+25.2%)	0.8%	$38.51	+66.4%	COM	34354P105
SYY	SYSCO CORP	55,759 (-2.6%)	$4,109 (-12.8%)	1.0%	$28.37	+166.2%	COM	871829107
WMT	WALMART INC	125,935 (-3.5%)	$14,030 (+4.3%)	3.4%	$43.62	+145.8%	COM	931142103
GPC	GENUINE PARTS CO	33,779 (-1.1%)	$4,180 (-12.2%)	1.0%	$74.77	+72.1%	COM	372460105
PWR	QUANTA SVCS INC	18,511 (-8.0%)	$7,813 (-6.3%)	1.9%	$34.13	+1187.0%	COM	74762E102
AAPL	APPLE INC	62,763 (-3.5%)	$17,063 (+3.0%)	4.2%	$94.99	+182.5%	COM	037833100
USB	US BANCORP DEL	129,394 (-3.1%)	$6,949 (+7.0%)	1.7%	$28.08	+73.5%	COM NEW	902973304
GILD	GILEAD SCIENCES INC	43,527 (-1.6%)	$5,342 (+8.9%)	1.3%	$54.97	+119.9%	COM	375558103
ABBV	ABBVIE INC	49,592 (-1.7%)	$11,331 (-3.0%)	2.8%	$36.78	+518.7%	COM	00287Y109
ACN	ACCENTURE PLC IRELAND	18,045 (-1.3%)	$4,841 (+7.4%)	1.2%	$75.53	+236.4%	SHS CLASS A	G1151C101
VOO	VANGUARD INDEX FDS	551 (-48.6%)	$346 (-47.6%)	0.1%	$614.12	—	S&P 500 ETF SHS	922908363
AFL	AFLAC INC	56,982 (-3.3%)	$6,283 (-4.5%)	1.5%	$30.55	+259.5%	COM	001055102
XOM	EXXON MOBIL CORP	49,571 (-1.6%)	$5,965 (+5.0%)	1.5%	$52.36	+120.6%	COM	30231G102
LLY	ELI LILLY & CO	1,160 (-11.4%)	$1,247 (+24.8%)	0.3%	$275.13	+247.3%	COM	532457108
RTX	RTX CORPORATION	16,308 (-1.9%)	$2,991 (+7.5%)	0.7%	$56.10	+208.9%	COM	75513E101
NEE	NEXTERA ENERGY INC	58,438 (-1.8%)	$4,691 (+4.4%)	1.2%	$54.53	+51.3%	COM	65339F101
INTC	INTEL CORP	87,048 (-3.1%)	$3,212 (+6.6%)	0.8%	$18.12	+108.4%	COM	458140100
KO	COCA COLA CO	94,475 (-1.9%)	$6,605 (+2.8%)	1.6%	$28.05	+147.4%	COM	191216100
GE	GE AEROSPACE	7,393 (-8.4%)	$2,280 (-6.2%)	0.6%	$62.95	+377.8%	COM NEW	369604301
RCI	ROGERS COMMUNICATIONS INC	59,386 (-2.2%)	$2,255 (+7.0%)	0.6%	$37.01	+1.3%	CL B	775109200
VWO	VANGUARD INTL EQUITY INDEX F	52,228 (-3.9%)	$2,808 (-4.6%)	0.7%	$40.55	—	FTSE EMR MKT ETF	922042858
DIS	DISNEY WALT CO	19,112 (-5.2%)	$2,186 (-5.3%)	0.5%	$96.56	+13.4%	COM	254687106
NSC	NORFOLK SOUTHN CORP	2,295 (-11.4%)	$663 (-14.8%)	0.2%	$61.86	+366.6%	COM	655844108
EMR	EMERSON ELEC CO	57,236 (-2.5%)	$7,596 (-1.4%)	1.9%	$39.86	+232.1%	COM	291011104
CPRT	COPART INC	13,461 (-4.3%)	$527 (-16.7%)	0.1%	$39.27	+5.6%	COM	217204106
CVX	CHEVRON CORP NEW	14,001 (-2.2%)	$2,134 (-4.0%)	0.5%	$74.34	+103.7%	COM	166764100
FELE	FRANKLIN ELEC INC	96,312 (-1.1%)	$9,201 (-0.7%)	2.3%	$28.72	+231.0%	COM	353514102
BRK/B	BERKSHIRE HATHAWAY INC DEL	5,565 (-2.3%)	$2,797 (-2.3%)	0.7%	$142.56	+249.0%	CL B NEW	084670702
CINF	CINCINNATI FINL CORP	27,617 (-1.8%)	$4,532 (+1.4%)	1.1%	$32.92	+389.7%	COM	172062101
ITW	ILLINOIS TOOL WKS INC	1,377 (-9.0%)	$341 (-14.0%)	0.1%	$102.49	+141.5%	COM	452308109
COP	CONOCOPHILLIPS	2,436 (-16.7%)	$228 (-17.5%)	0.1%	$90.73	-0.8%	COM	20825C104
OTIS	OTIS WORLDWIDE CORP	8,883 (-1.4%)	$776 (-5.8%)	0.2%	$48.05	+85.7%	COM	68902V107
MDT	MEDTRONIC PLC	58,902 (-1.6%)	$5,690 (-0.7%)	1.4%	$92.68	+4.8%	SHS	G5960L103
WFC	WELLS FARGO CO NEW	8,969 (-5.5%)	$836 (+5.0%)	0.2%	$32.82	+164.0%	COM	949746101
SHW	SHERWIN WILLIAMS CO	1,440 (-1.1%)	$467 (-7.4%)	0.1%	$289.12	+15.6%	COM	824348106
GEV	GE VERNOVA INC	1,899 (-3.5%)	$1,241 (+2.6%)	0.3%	$163.78	+271.9%	COM	36828A101
PLXS	PLEXUS CORP	5,950 (-3.3%)	$875 (-1.7%)	0.2%	$27.78	+427.8%	COM	729132100

Unchanged Positions (48)

MRK MERCK & CO INC 3.2%

Value ($000) $13,014 Shares 122,866 Est. Cost $33.67 Unrealized +176.9%

HD HOME DEPOT INC 2.8%

Value ($000) $11,420 Shares 33,189 Est. Cost $64.66 Unrealized +463.9%

MSFT MICROSOFT CORP 5.7%

Value ($000) $23,331 Shares 48,243 Est. Cost $32.54 Unrealized +1438.4%

ADP AUTOMATIC DATA PROCESSING IN 2.2%

Value ($000) $9,133 Shares 35,298 Est. Cost $45.58 Unrealized +481.1%

LKFN LAKELAND FINL CORP 2.2%

Value ($000) $8,757 Shares 153,465 Est. Cost $19.67 Unrealized +198.9%

ABT ABBOTT LABS 1.7%

Value ($000) $6,799 Shares 54,265 Est. Cost $32.00 Unrealized +297.8%

PG PROCTER AND GAMBLE CO 1.6%

Value ($000) $6,635 Shares 46,299 Est. Cost $58.13 Unrealized +153.2%

ORCL ORACLE CORP 0.2%

Value ($000) $733 Shares 3,759 Est. Cost $69.90 Unrealized +240.5%

SYK STRYKER CORPORATION 1.2%

Value ($000) $5,031 Shares 14,277 Est. Cost $72.42 Unrealized +401.9%

CB CHUBB LIMITED 0.6%

Value ($000) $2,343 Shares 7,487 Est. Cost $148.73 Unrealized +96.6%

BMY BRISTOL-MYERS SQUIBB CO 0.3%

Value ($000) $1,293 Shares 23,980 Est. Cost $30.25 Unrealized +57.1%

MMM 3M CO 1.2%

Value ($000) $4,951 Shares 30,925 Est. Cost $111.05 Unrealized +46.9%

CAT CATERPILLAR INC 0.2%

Value ($000) $709 Shares 1,237 Est. Cost $126.81 Unrealized +338.1%

HL HECLA MNG CO 0.1%

Value ($000) $299 Shares 15,600 Est. Cost $6.27 Unrealized +143.7%

J JACOBS SOLUTIONS INC 0.2%

Value ($000) $824 Shares 6,224 Est. Cost $100.68 Unrealized +45.4%

KMB KIMBERLY-CLARK CORP 0.1%

Value ($000) $446 Shares 4,372 Est. Cost $74.92 Unrealized +44.7%

LIN LINDE PLC 0.2%

Value ($000) $845 Shares 1,982 Est. Cost $323.71 Unrealized +32.0%

JPM JPMORGAN CHASE & CO. 1.7%

Value ($000) $6,747 Shares 20,940 Est. Cost $118.75 Unrealized +160.7%

NUE NUCOR CORP 0.1%

Value ($000) $487 Shares 2,976 Est. Cost $47.42 Unrealized +215.9%

MO ALTRIA GROUP INC 0.1%

Value ($000) $551 Shares 9,407 Est. Cost $28.72 Unrealized +106.7%

MCD MCDONALDS CORP 2.9%

Value ($000) $11,928 Shares 39,029 Est. Cost $76.86 Unrealized +296.9%

GWW WW GRAINGER INC 0.3%

Value ($000) $1,279 Shares 1,268 Est. Cost $201.34 Unrealized +381.2%

COST COSTCO WHSL CORP NEW 0.2%

Value ($000) $736 Shares 853 Est. Cost $276.04 Unrealized +228.1%

LMT LOCKHEED MARTIN CORP 0.4%

Value ($000) $1,748 Shares 3,613 Est. Cost $396.42 Unrealized +20.1%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.1%

Value ($000) $602 Shares 1,976 Est. Cost $105.75 Unrealized —

T AT&T INC 0.1%

Value ($000) $354 Shares 14,256 Est. Cost $18.69 Unrealized +35.3%

BKH BLACK HILLS CORP 0.1%

Value ($000) $381 Shares 5,485 Est. Cost $30.70 Unrealized +116.5%

CTAS CINTAS CORP 0.1%

Value ($000) $451 Shares 2,400 Est. Cost $163.81 Unrealized +14.8%

AMGN AMGEN INC 0.1%

Value ($000) $249 Shares 760 Est. Cost $287.24 Unrealized +10.0%

ELV ELEVANCE HEALTH INC FORMERLY 0.1%

Value ($000) $404 Shares 1,153 Est. Cost $105.54 Unrealized +219.0%

NKE NIKE INC 0.1%

Value ($000) $293 Shares 4,570 Est. Cost $91.83 Unrealized -29.3%

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $856 Shares 1,252 Est. Cost $336.43 Unrealized —

PNC PNC FINL SVCS GROUP INC 0.1%

Value ($000) $479 Shares 2,294 Est. Cost $52.62 Unrealized +266.4%

VEA VANGUARD TAX-MANAGED FDS 0.1%

Value ($000) $406 Shares 6,498 Est. Cost $45.06 Unrealized —

V VISA INC 0.2%

Value ($000) $708 Shares 2,019 Est. Cost $235.18 Unrealized +44.7%

IWP ISHARES TR 0.1%

Value ($000) $309 Shares 2,256 Est. Cost $91.05 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $237 Shares 801 Est. Cost $239.40 Unrealized +24.8%

NI NISOURCE INC 0.1%

Value ($000) $224 Shares 5,370 Est. Cost $37.65 Unrealized +13.2%

DE DEERE & CO 0.1%

Value ($000) $424 Shares 908 Est. Cost $369.25 Unrealized +26.7%

CL COLGATE PALMOLIVE CO 0.1%

Value ($000) $570 Shares 7,209 Est. Cost $46.73 Unrealized +67.6%

EEM ISHARES TR 0.1%

Value ($000) $215 Shares 3,925 Est. Cost $53.40 Unrealized —

VTI VANGUARD INDEX FDS 0.1%

Value ($000) $270 Shares 806 Est. Cost $261.67 Unrealized —

NTRS NORTHERN TR CORP 0.2%

Value ($000) $878 Shares 6,389 Est. Cost $40.35 Unrealized +224.0%

BP BP PLC 0.1%

Value ($000) $601 Shares 17,305 Est. Cost $40.62 Unrealized —

PM PHILIP MORRIS INTL INC 0.4%

Value ($000) $1,705 Shares 10,538 Est. Cost $50.19 Unrealized +206.0%

IWM ISHARES TR 0.1%

Value ($000) $242 Shares 984 Est. Cost $216.59 Unrealized —

FRME FIRST MERCHANTS CORP 0.1%

Value ($000) $334 Shares 8,918 Est. Cost $30.64 Unrealized +20.1%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $755 Shares 1 Est. Cost $199512.94 Unrealized +274.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRK	MERCK & CO INC	122,866	$13,014	3.2%	$33.67	+176.9%	COM	58933Y105
HD	HOME DEPOT INC	33,189	$11,420	2.8%	$64.66	+463.9%	COM	437076102
MSFT	MICROSOFT CORP	48,243	$23,331	5.7%	$32.54	+1438.4%	COM	594918104
ADP	AUTOMATIC DATA PROCESSING IN	35,298	$9,133	2.2%	$45.58	+481.1%	COM	053015103
LKFN	LAKELAND FINL CORP	153,465	$8,757	2.2%	$19.67	+198.9%	COM	511656100
ABT	ABBOTT LABS	54,265	$6,799	1.7%	$32.00	+297.8%	COM	002824100
PG	PROCTER AND GAMBLE CO	46,299	$6,635	1.6%	$58.13	+153.2%	COM	742718109
ORCL	ORACLE CORP	3,759	$733	0.2%	$69.90	+240.5%	COM	68389X105
SYK	STRYKER CORPORATION	14,277	$5,031	1.2%	$72.42	+401.9%	COM	863667101
CB	CHUBB LIMITED	7,487	$2,343	0.6%	$148.73	+96.6%	COM	H1467J104
BMY	BRISTOL-MYERS SQUIBB CO	23,980	$1,293	0.3%	$30.25	+57.1%	COM	110122108
MMM	3M CO	30,925	$4,951	1.2%	$111.05	+46.9%	COM	88579Y101
CAT	CATERPILLAR INC	1,237	$709	0.2%	$126.81	+338.1%	COM	149123101
HL	HECLA MNG CO	15,600	$299	0.1%	$6.27	+143.7%	COM	422704106
J	JACOBS SOLUTIONS INC	6,224	$824	0.2%	$100.68	+45.4%	COM	46982L108
KMB	KIMBERLY-CLARK CORP	4,372	$446	0.1%	$74.92	+44.7%	COM	494368103
LIN	LINDE PLC	1,982	$845	0.2%	$323.71	+32.0%	SHS	G54950103
JPM	JPMORGAN CHASE & CO.	20,940	$6,747	1.7%	$118.75	+160.7%	COM	46625H100
NUE	NUCOR CORP	2,976	$487	0.1%	$47.42	+215.9%	COM	670346105
MO	ALTRIA GROUP INC	9,407	$551	0.1%	$28.72	+106.7%	COM	02209S103
MCD	MCDONALDS CORP	39,029	$11,928	2.9%	$76.86	+296.9%	COM	580135101
GWW	WW GRAINGER INC	1,268	$1,279	0.3%	$201.34	+381.2%	COM	384802104
COST	COSTCO WHSL CORP NEW	853	$736	0.2%	$276.04	+228.1%	COM	22160K105
LMT	LOCKHEED MARTIN CORP	3,613	$1,748	0.4%	$396.42	+20.1%	COM	539830109
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,976	$602	0.1%	$105.75	—	SPONSORED ADS	874039100
T	AT&T INC	14,256	$354	0.1%	$18.69	+35.3%	COM	00206R102
BKH	BLACK HILLS CORP	5,485	$381	0.1%	$30.70	+116.5%	COM	092113109
CTAS	CINTAS CORP	2,400	$451	0.1%	$163.81	+14.8%	COM	172908105
AMGN	AMGEN INC	760	$249	0.1%	$287.24	+10.0%	COM	031162100
ELV	ELEVANCE HEALTH INC FORMERLY	1,153	$404	0.1%	$105.54	+219.0%	COM	036752103
NKE	NIKE INC	4,570	$293	0.1%	$91.83	-29.3%	CL B	654106103
SPY	SPDR S&P 500 ETF TR	1,252	$856	0.2%	$336.43	—	TR UNIT	78462F103
PNC	PNC FINL SVCS GROUP INC	2,294	$479	0.1%	$52.62	+266.4%	COM	693475105
VEA	VANGUARD TAX-MANAGED FDS	6,498	$406	0.1%	$45.06	—	VAN FTSE DEV MKT	921943858
V	VISA INC	2,019	$708	0.2%	$235.18	+44.7%	COM CL A	92826C839
IWP	ISHARES TR	2,256	$309	0.1%	$91.05	—	RUS MD CP GR ETF	464287481
IBM	INTERNATIONAL BUSINESS MACHS	801	$237	0.1%	$239.40	+24.8%	COM	459200101
NI	NISOURCE INC	5,370	$224	0.1%	$37.65	+13.2%	COM	65473P105
DE	DEERE & CO	908	$424	0.1%	$369.25	+26.7%	COM	244199105
CL	COLGATE PALMOLIVE CO	7,209	$570	0.1%	$46.73	+67.6%	COM	194162103
EEM	ISHARES TR	3,925	$215	0.1%	$53.40	—	MSCI EMG MKT ETF	464287234
VTI	VANGUARD INDEX FDS	806	$270	0.1%	$261.67	—	TOTAL STK MKT	922908769
NTRS	NORTHERN TR CORP	6,389	$878	0.2%	$40.35	+224.0%	COM	665859104
BP	BP PLC	17,305	$601	0.1%	$40.62	—	SPONSORED ADR	055622104
PM	PHILIP MORRIS INTL INC	10,538	$1,705	0.4%	$50.19	+206.0%	COM	718172109
IWM	ISHARES TR	984	$242	0.1%	$216.59	—	RUSSELL 2000 ETF	464287655
FRME	FIRST MERCHANTS CORP	8,918	$334	0.1%	$30.64	+20.1%	COM	320817109
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$755	0.2%	$199512.94	+274.1%	CL A	084670108