MONARCH CAPITAL MANAGEMENT INC Diversified Active

Name: MONARCH CAPITAL MANAGEMENT INC Q3 2026 13F Filing | 13F Explorer
Creator: MONARCH CAPITAL MANAGEMENT INC
Published: 2026-10-19

Location: Fort Wayne, IN

CIK: 0000938759 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Oct 19, 2026

Total Value: $436M (100.0% shares, 0.0% debt)

Holdings (130)

New Positions (3)

XOM EXXONMOBIL HOLDINGS CORP 1.6%

Value $7.189M Shares 44,170 Share Price $162.75 Est. Cost/Share $162.75 Unrealized @ Report Date —

OKE ONEOK INC NEW 0.5%

Value $2.182M Shares 25,591 Share Price $85.27 Est. Cost/Share $85.27 Unrealized @ Report Date —

PSX PHILLIPS 66 0.1%

Value $282K Shares 1,104 Share Price $255.31 Est. Cost/Share $228.44 Unrealized @ Report Date +11.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXONMOBIL HOLDINGS CORP	44,170	$7.189M	1.6%	$162.75	$162.75	—	COM SHS	30233Q108
OKE	ONEOK INC NEW	25,591	$2.182M	0.5%	$85.27	$85.27	—	COM	30609A109
PSX	PHILLIPS 66	1,104	$282K	0.1%	$255.31	$228.44	+11.8%	COM	718546104

Increased Positions (22)

KR KROGER CO 2.1%

Value $9.251M (+8.0%) Shares 157,817 (+2.3%) Share Price $58.62 Est. Cost/Share $26.90 Unrealized @ Report Date +118.0%

CARR CARRIER GLOBAL CORPORATION 0.6%

Value $2.787M (-19.1%) Shares 50,800 (+8.2%) Share Price $54.86 Est. Cost/Share $30.08 Unrealized @ Report Date +82.4%

NEE NEXTERA ENERGY INC 1.0%

Value $4.387M (-11.6%) Shares 57,927 (+2.4%) Share Price $75.74 Est. Cost/Share $55.23 Unrealized @ Report Date +37.1%

REGN REGENERON PHARMACEUTICALS 0.7%

Value $2.934M (+23.3%) Shares 3,869 (+1.4%) Share Price $758.28 Est. Cost/Share $649.66 Unrealized @ Report Date +16.7%

SYK STRYKER CORPORATION 1.0%

Value $4.348M (-10.0%) Shares 15,738 (+2.9%) Share Price $276.27 Est. Cost/Share $99.25 Unrealized @ Report Date +177.5%

RIO RIO TINTO PLC 0.2%

Value $1.061M (+45.9%) Shares 11,269 (+47.1%) Share Price $94.17 Est. Cost/Share $96.89 Unrealized @ Report Date -2.8%

AMZN AMAZON COM INC 0.4%

Value $1.719M (+16.0%) Shares 6,900 (+11.0%) Share Price $249.15 Est. Cost/Share $206.02 Unrealized @ Report Date +20.9%

GFL GFL ENVIRONMENTAL INC 0.1%

Value $608K (+55.3%) Shares 14,520 (+36.4%) Share Price $41.88 Est. Cost/Share $40.69 Unrealized @ Report Date +2.8%

STZ CONSTELLATION BRANDS INC 0.1%

Value $423K (+70.5%) Shares 3,745 (+109.8%) Share Price $113.06 Est. Cost/Share $138.33 Unrealized @ Report Date -18.3%

LMT LOCKHEED MARTIN CORP 0.5%

Value $2.167M (+6.6%) Shares 4,256 (+6.6%) Share Price $509.26 Est. Cost/Share $418.39 Unrealized @ Report Date +21.7%

PPL PPL CORP 0.4%

Value $1.733M (-7.0%) Shares 52,411 (+2.7%) Share Price $33.06 Est. Cost/Share $21.55 Unrealized @ Report Date +52.6%

NVO NOVO-NORDISK A S 0.1%

Value $652K (-15.8%) Shares 17,200 (+6.5%) Share Price $37.91 Est. Cost/Share $50.80 Unrealized @ Report Date -25.4%

CPRT COPART INC 0.1%

Value $514K (+29.4%) Shares 18,845 (+33.7%) Share Price $27.28 Est. Cost/Share $36.85 Unrealized @ Report Date -26.0%

PGR PROGRESSIVE CORP 0.3%

Value $1.343M (+9.1%) Shares 6,478 (+15.0%) Share Price $207.31 Est. Cost/Share $206.47 Unrealized @ Report Date +0.4%

VYMI VANGUARD WHITEHALL FDS 0.2%

Value $1.074M (+11.2%) Shares 10,619 (+8.0%) Share Price $101.13 Est. Cost/Share $91.11 Unrealized @ Report Date +11.0%

VTWO VANGUARD SCOTTSDALE FDS 0.2%

Value $1.019M (-5.4%) Shares 9,079 (+2.4%) Share Price $112.24 Est. Cost/Share $94.80 Unrealized @ Report Date +18.4%

RCI ROGERS COMMUNICATIONS INC 0.5%

Value $2.117M (+2.6%) Shares 68,206 (+8.3%) Share Price $31.03 Est. Cost/Share $36.79 Unrealized @ Report Date -16.3%

FISV FISERV INC 0.6%

Value $2.834M (+1.8%) Shares 62,719 (+10.5%) Share Price $45.18 Est. Cost/Share $91.86 Unrealized @ Report Date -50.8%

VTI VANGUARD INDEX FDS 0.1%

Value $314K (+11.8%) Shares 838 (+10.6%) Share Price $374.24 Est. Cost/Share $261.53 Unrealized @ Report Date +43.1%

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.2%

Value $926K (-2.0%) Shares 2,026 (+2.5%) Share Price $457.29 Est. Cost/Share $104.58 Unrealized @ Report Date +336.2%

CSL CARLISLE COS INC 0.1%

Value $358K (-0.6%) Shares 1,110 (+11.9%) Share Price $322.17 Est. Cost/Share $329.73 Unrealized @ Report Date -2.3%

PEP PEPSICO INC 0.4%

Value $1.87M (-0.0%) Shares 14,755 (+6.8%) Share Price $126.72 Est. Cost/Share $100.58 Unrealized @ Report Date +26.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
KR	KROGER CO	157,817 (+2.3%)	$9.251M (+8.0%)	2.1%	$58.62	$26.90	+118.0%	COM	501044101
CARR	CARRIER GLOBAL CORPORATION	50,800 (+8.2%)	$2.787M (-19.1%)	0.6%	$54.86	$30.08	+82.4%	COM	14448C104
NEE	NEXTERA ENERGY INC	57,927 (+2.4%)	$4.387M (-11.6%)	1.0%	$75.74	$55.23	+37.1%	COM	65339F101
REGN	REGENERON PHARMACEUTICALS	3,869 (+1.4%)	$2.934M (+23.3%)	0.7%	$758.28	$649.66	+16.7%	COM	75886F107
SYK	STRYKER CORPORATION	15,738 (+2.9%)	$4.348M (-10.0%)	1.0%	$276.27	$99.25	+177.5%	COM	863667101
RIO	RIO TINTO PLC	11,269 (+47.1%)	$1.061M (+45.9%)	0.2%	$94.17	$96.89	-2.8%	SPONSORED ADR	767204100
AMZN	AMAZON COM INC	6,900 (+11.0%)	$1.719M (+16.0%)	0.4%	$249.15	$206.02	+20.9%	COM	023135106
GFL	GFL ENVIRONMENTAL INC	14,520 (+36.4%)	$608K (+55.3%)	0.1%	$41.88	$40.69	+2.8%	SUB VTG SHS	36168Q104
STZ	CONSTELLATION BRANDS INC	3,745 (+109.8%)	$423K (+70.5%)	0.1%	$113.06	$138.33	-18.3%	CL A	21036P108
LMT	LOCKHEED MARTIN CORP	4,256 (+6.6%)	$2.167M (+6.6%)	0.5%	$509.26	$418.39	+21.7%	COM	539830109
PPL	PPL CORP	52,411 (+2.7%)	$1.733M (-7.0%)	0.4%	$33.06	$21.55	+52.6%	COM	69351T106
NVO	NOVO-NORDISK A S	17,200 (+6.5%)	$652K (-15.8%)	0.1%	$37.91	$50.80	-25.4%	ADR	670100205
CPRT	COPART INC	18,845 (+33.7%)	$514K (+29.4%)	0.1%	$27.28	$36.85	-26.0%	COM	217204106
PGR	PROGRESSIVE CORP	6,478 (+15.0%)	$1.343M (+9.1%)	0.3%	$207.31	$206.47	+0.4%	COM	743315103
VYMI	VANGUARD WHITEHALL FDS	10,619 (+8.0%)	$1.074M (+11.2%)	0.2%	$101.13	$91.11	+11.0%	INTL HIGH ETF	921946794
VTWO	VANGUARD SCOTTSDALE FDS	9,079 (+2.4%)	$1.019M (-5.4%)	0.2%	$112.24	$94.80	+18.4%	VNG RUS2000IDX	92206C664
RCI	ROGERS COMMUNICATIONS INC	68,206 (+8.3%)	$2.117M (+2.6%)	0.5%	$31.03	$36.79	-16.3%	CL B	775109200
FISV	FISERV INC	62,719 (+10.5%)	$2.834M (+1.8%)	0.6%	$45.18	$91.86	-50.8%	COM	337738108
VTI	VANGUARD INDEX FDS	838 (+10.6%)	$314K (+11.8%)	0.1%	$374.24	$261.53	+43.1%	MRNGSTR TTL STK	922908769
TSM	TAIWAN SEMICONDUCTOR MANUFAC	2,026 (+2.5%)	$926K (-2.0%)	0.2%	$457.29	$104.58	+336.2%	SPONSORED ADS	874039100
CSL	CARLISLE COS INC	1,110 (+11.9%)	$358K (-0.6%)	0.1%	$322.17	$329.73	-2.3%	COM	142339100
PEP	PEPSICO INC	14,755 (+6.8%)	$1.87M (-0.0%)	0.4%	$126.72	$100.58	+26.0%	COM	713448108

Exited Positions (3)

XOM EXXON MOBIL CORP 1.4%

Value $6.212M Shares 45,435 Share Price $136.72 * Est. Cost/Share $52.36 Unrealized @ Report Date +210.8%

OKE ONEOK INC NEW 0.5%

Value $2.17M Shares 24,961 Share Price $86.94 Est. Cost/Share $63.56 Unrealized @ Report Date +34.2%

NVS NOVARTIS AG 0.1%

Value $227K Shares 1,450 Share Price $156.72 * Est. Cost/Share $153.17 Unrealized @ Report Date -6.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXON MOBIL CORP	45,435	$6.212M	1.4%	$136.72 *	$52.36	+210.8%	—	30231G102
OKE	ONEOK INC NEW	24,961	$2.17M	0.5%	$86.94	$63.56	+34.2%	—	682680103
NVS	NOVARTIS AG	1,450	$227K	0.1%	$156.72 *	$153.17	-6.9%	—	66987V109

Decreased Positions (55)

AAPL APPLE INC 4.3%

Value $18.86M (+11.6%) Shares 56,643 (-3.0%) Share Price $333.02 Est. Cost/Share $94.99 Unrealized @ Report Date +250.6%

MRK MERCK & CO INC 3.9%

Value $17.02M (+10.5%) Shares 116,622 (-2.3%) Share Price $145.98 Est. Cost/Share $33.67 Unrealized @ Report Date +331.6%

INTC INTEL CORP 1.9%

Value $8.481M (-15.8%) Shares 70,537 (-2.2%) Share Price $120.23 Est. Cost/Share $18.12 Unrealized @ Report Date +563.5%

CSCO CISCO SYS INC 3.1%

Value $13.55M (-9.9%) Shares 125,872 (-1.7%) Share Price $107.63 Est. Cost/Share $38.47 Unrealized @ Report Date +179.8%

PWR QUANTA SVCS INC 2.2%

Value $9.78M (-12.7%) Shares 15,221 (-2.2%) Share Price $642.51 Est. Cost/Share $34.13 Unrealized @ Report Date +1782.4%

FELE FRANKLIN ELEC INC 2.0%

Value $8.75M (-12.0%) Shares 91,247 (-1.6%) Share Price $95.89 Est. Cost/Share $28.72 Unrealized @ Report Date +233.8%

ACN ACCENTURE PLC IRELAND 0.8%

Value $3.463M (+45.8%) Shares 18,888 (-1.0%) Share Price $183.37 Est. Cost/Share $80.07 Unrealized @ Report Date +129.0%

CINF CINCINNATI FINL CORP 1.0%

Value $4.28M (-14.9%) Shares 26,701 (-1.3%) Share Price $160.31 Est. Cost/Share $32.92 Unrealized @ Report Date +384.1%

UPS UNITED PARCEL SVCS INC 0.7%

Value $2.881M (-16.3%) Shares 30,832 (-3.8%) Share Price $93.44 Est. Cost/Share $113.14 Unrealized @ Report Date -17.4%

SGOV ISHARES TR 2.1%

Value $8.952M (-5.9%) Shares 88,911 (-5.9%) Share Price $100.68 Est. Cost/Share $100.55 Unrealized @ Report Date +0.1%

EMR EMERSON ELEC CO 2.0%

Value $8.57M (+6.2%) Shares 55,257 (-2.0%) Share Price $155.10 Est. Cost/Share $39.86 Unrealized @ Report Date +289.1%

SMG SCOTTS MIRACLE-GRO CO 0.3%

Value $1.15M (-29.9%) Shares 22,942 (-4.7%) Share Price $50.11 Est. Cost/Share $80.23 Unrealized @ Report Date -37.5%

GEV GE VERNOVA INC 0.3%

Value $1.526M (-24.1%) Shares 1,605 (-6.1%) Share Price $950.49 Est. Cost/Share $163.78 Unrealized @ Report Date +480.3%

GE GE AEROSPACE 0.4%

Value $1.914M (-19.6%) Shares 6,128 (-3.8%) Share Price $312.29 Est. Cost/Share $62.95 Unrealized @ Report Date +396.1%

CRM SALESFORCE INC 0.6%

Value $2.508M (+22.7%) Shares 10,914 (-16.2%) Share Price $229.82 Est. Cost/Share $219.28 Unrealized @ Report Date +4.7%

PFE PFIZER INC 0.8%

Value $3.535M (+15.1%) Shares 123,947 (-2.8%) Share Price $28.52 Est. Cost/Share $19.08 Unrealized @ Report Date +49.5%

EEFT EURONET WORLDWIDE INC 0.4%

Value $1.532M (-21.6%) Shares 24,364 (-8.7%) Share Price $62.87 Est. Cost/Share $77.96 Unrealized @ Report Date -19.4%

JNJ JOHNSON & JOHNSON 3.5%

Value $15.08M (+2.8%) Shares 56,944 (-1.4%) Share Price $264.74 Est. Cost/Share $71.89 Unrealized @ Report Date +268.3%

MDT MEDTRONIC PLC 1.2%

Value $5.142M (+8.6%) Shares 59,101 (-1.5%) Share Price $87.01 Est. Cost/Share $92.72 Unrealized @ Report Date -6.9%

AFL AFLAC INC 1.4%

Value $5.948M (-6.2%) Shares 53,208 (-1.6%) Share Price $111.78 Est. Cost/Share $30.55 Unrealized @ Report Date +265.9%

STLD STEEL DYNAMICS INC 1.3%

Value $5.706M (-6.4%) Shares 25,700 (-3.1%) Share Price $222.02 Est. Cost/Share $16.71 Unrealized @ Report Date +1225.9%

APD AIR PRODUCTS AND CHEMICALS I 0.8%

Value $3.654M (-9.4%) Shares 13,134 (-4.6%) Share Price $278.23 Est. Cost/Share $186.63 Unrealized @ Report Date +49.1%

SYY SYSCO CORP 1.0%

Value $4.198M (-8.2%) Shares 53,844 (-1.6%) Share Price $77.96 Est. Cost/Share $28.37 Unrealized @ Report Date +174.8%

ABBV ABBVIE INC 2.9%

Value $12.64M (+2.4%) Shares 48,322 (-1.5%) Share Price $261.59 Est. Cost/Share $36.78 Unrealized @ Report Date +611.3%

PLXS PLEXUS CORP 0.3%

Value $1.337M (-18.0%) Shares 5,125 (-5.5%) Share Price $260.95 Est. Cost/Share $27.78 Unrealized @ Report Date +839.4%

GOOGL ALPHABET INC 1.2%

Value $5.11M (-5.0%) Shares 14,850 (-1.4%) Share Price $344.08 Est. Cost/Share $130.99 Unrealized @ Report Date +162.7%

TGT TARGET CORP 0.6%

Value $2.715M (+9.4%) Shares 17,324 (-8.8%) Share Price $156.69 Est. Cost/Share $100.29 Unrealized @ Report Date +56.2%

GPC GENUINE PARTS CO 1.1%

Value $4.666M (+4.3%) Shares 36,868 (-2.1%) Share Price $126.56 Est. Cost/Share $79.23 Unrealized @ Report Date +58.7%

GWW WW GRAINGER INC 0.3%

Value $1.507M (-10.2%) Shares 1,210 (-1.9%) Share Price $1245.76 Est. Cost/Share $201.34 Unrealized @ Report Date +518.7%

LLY ELI LILLY & CO 0.3%

Value $1.189M (-10.5%) Shares 1,028 (-7.2%) Share Price $1157.08 Est. Cost/Share $275.13 Unrealized @ Report Date +320.6%

DIS DISNEY WALT CO 0.5%

Value $1.978M (+6.9%) Shares 18,854 (-1.2%) Share Price $104.90 Est. Cost/Share $96.56 Unrealized @ Report Date +8.6%

LIN LINDE PLC 0.2%

Value $867K (-11.9%) Shares 1,827 (-3.7%) Share Price $474.65 Est. Cost/Share $323.71 Unrealized @ Report Date +46.6%

KO COCA COLA CO 1.7%

Value $7.44M (+1.4%) Shares 86,003 (-4.2%) Share Price $86.51 Est. Cost/Share $28.05 Unrealized @ Report Date +206.8%

KMB KIMBERLY-CLARK CORP 0.1%

Value $368K (-20.6%) Shares 3,729 (-10.8%) Share Price $98.64 Est. Cost/Share $74.92 Unrealized @ Report Date +30.0%

OTIS OTIS WORLDWIDE CORP 0.1%

Value $516K (-14.8%) Shares 8,020 (-5.2%) Share Price $64.32 Est. Cost/Share $48.05 Unrealized @ Report Date +33.9%

JPM JPMORGAN CHASE & CO 1.5%

Value $6.686M (-1.3%) Shares 20,210 (-2.3%) Share Price $330.83 Est. Cost/Share $118.75 Unrealized @ Report Date +178.6%

ITW ILLINOIS TOOL WKS INC 0.1%

Value $286K (-23.5%) Shares 1,106 (-19.7%) Share Price $259.00 Est. Cost/Share $102.49 Unrealized @ Report Date +151.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.6%

Value $2.688M (-2.9%) Shares 5,398 (-2.4%) Share Price $497.95 Est. Cost/Share $142.56 Unrealized @ Report Date +249.3%

VWO VANGUARD INTL EQUITY INDEX F 0.7%

Value $3.078M (-2.1%) Shares 51,900 (-1.4%) Share Price $59.31 Est. Cost/Share $43.07 Unrealized @ Report Date +37.7%

NTRS NORTHERN TR CORP 0.2%

Value $862K (-6.7%) Shares 5,065 (-4.3%) Share Price $170.26 Est. Cost/Share $40.35 Unrealized @ Report Date +319.7%

PNC PNC FINL SVCS GROUP INC 0.1%

Value $497K (-10.9%) Shares 2,234 (-1.3%) Share Price $222.26 Est. Cost/Share $52.62 Unrealized @ Report Date +322.4%

BP BP PLC 0.1%

Value $604K (+10.6%) Shares 13,722 (-7.1%) Share Price $43.99 Est. Cost/Share $41.36 Unrealized @ Report Date +6.4%

RSP INVESCO EXCHANGE TRADED FD T 0.2%

Value $998K (-5.3%) Shares 4,798 (-3.1%) Share Price $208.02 Est. Cost/Share $187.90 Unrealized @ Report Date +10.7%

SHW SHERWIN WILLIAMS CO 0.1%

Value $466K (-7.1%) Shares 1,443 (-1.0%) Share Price $323.27 Est. Cost/Share $289.83 Unrealized @ Report Date +11.5%

VOO VANGUARD INDEX FDS 0.2%

Value $936K (-3.5%) Shares 1,335 (-5.4%) Share Price $700.86 Est. Cost/Share $641.42 Unrealized @ Report Date +9.3%

VEA VANGUARD TAX-MANAGED FDS 0.1%

Value $526K (-5.7%) Shares 7,444 (-4.8%) Share Price $70.61 Est. Cost/Share $48.09 Unrealized @ Report Date +46.8%

ADM ARCHER DANIELS MIDLAND CO 0.4%

Value $1.719M (+1.4%) Shares 21,656 (-2.4%) Share Price $79.38 Est. Cost/Share $44.87 Unrealized @ Report Date +76.9%

FFIV F5 INC 1.3%

Value $5.862M (+0.4%) Shares 13,167 (-6.2%) Share Price $445.18 Est. Cost/Share $147.37 Unrealized @ Report Date +202.1%

T AT&T INC 0.1%

Value $295K (+7.5%) Shares 12,088 (-8.8%) Share Price $24.40 Est. Cost/Share $18.69 Unrealized @ Report Date +30.5%

EEM ISHARES TR 0.1%

Value $278K (-6.1%) Shares 4,163 (-3.8%) Share Price $66.79 Est. Cost/Share $51.62 Unrealized @ Report Date +29.4%

J JACOBS SOLUTIONS INC 0.2%

Value $787K (+2.3%) Shares 5,819 (-4.7%) Share Price $135.27 Est. Cost/Share $100.68 Unrealized @ Report Date +34.4%

DG DOLLAR GEN CORP 0.5%

Value $2.193M (+0.8%) Shares 18,337 (-3.0%) Share Price $119.58 Est. Cost/Share $96.82 Unrealized @ Report Date +23.5%

MMM 3M CO 1.2%

Value $5.082M (+0.2%) Shares 30,959 (-1.2%) Share Price $164.15 Est. Cost/Share $111.05 Unrealized @ Report Date +47.8%

AES AES CORP 0.5%

Value $2.048M (+0.2%) Shares 137,430 (-1.4%) Share Price $14.90 Est. Cost/Share $14.31 Unrealized @ Report Date +4.1%

ELV ELEVANCE HEALTH INC FORMERLY 0.1%

Value $442K (-0.9%) Shares 1,137 (-1.4%) Share Price $388.82 Est. Cost/Share $105.54 Unrealized @ Report Date +268.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AAPL	APPLE INC	56,643 (-3.0%)	$18.86M (+11.6%)	4.3%	$333.02	$94.99	+250.6%	COM	037833100
MRK	MERCK & CO INC	116,622 (-2.3%)	$17.02M (+10.5%)	3.9%	$145.98	$33.67	+331.6%	COM	58933Y105
INTC	INTEL CORP	70,537 (-2.2%)	$8.481M (-15.8%)	1.9%	$120.23	$18.12	+563.5%	COM	458140100
CSCO	CISCO SYS INC	125,872 (-1.7%)	$13.55M (-9.9%)	3.1%	$107.63	$38.47	+179.8%	COM	17275R102
PWR	QUANTA SVCS INC	15,221 (-2.2%)	$9.78M (-12.7%)	2.2%	$642.51	$34.13	+1782.4%	COM	74762E102
FELE	FRANKLIN ELEC INC	91,247 (-1.6%)	$8.75M (-12.0%)	2.0%	$95.89	$28.72	+233.8%	COM	353514102
ACN	ACCENTURE PLC IRELAND	18,888 (-1.0%)	$3.463M (+45.8%)	0.8%	$183.37	$80.07	+129.0%	SHS CLASS A	G1151C101
CINF	CINCINNATI FINL CORP	26,701 (-1.3%)	$4.28M (-14.9%)	1.0%	$160.31	$32.92	+384.1%	COM	172062101
UPS	UNITED PARCEL SVCS INC	30,832 (-3.8%)	$2.881M (-16.3%)	0.7%	$93.44	$113.14	-17.4%	CL B	911312106
SGOV	ISHARES TR	88,911 (-5.9%)	$8.952M (-5.9%)	2.1%	$100.68	$100.55	+0.1%	0-3 MTH TREASURY	46436E718
EMR	EMERSON ELEC CO	55,257 (-2.0%)	$8.57M (+6.2%)	2.0%	$155.10	$39.86	+289.1%	COM	291011104
SMG	SCOTTS MIRACLE-GRO CO	22,942 (-4.7%)	$1.15M (-29.9%)	0.3%	$50.11	$80.23	-37.5%	CL A	810186106
GEV	GE VERNOVA INC	1,605 (-6.1%)	$1.526M (-24.1%)	0.3%	$950.49	$163.78	+480.3%	COM	36828A101
GE	GE AEROSPACE	6,128 (-3.8%)	$1.914M (-19.6%)	0.4%	$312.29	$62.95	+396.1%	COM NEW	369604301
CRM	SALESFORCE INC	10,914 (-16.2%)	$2.508M (+22.7%)	0.6%	$229.82	$219.28	+4.7%	COM	79466L302
PFE	PFIZER INC	123,947 (-2.8%)	$3.535M (+15.1%)	0.8%	$28.52	$19.08	+49.5%	COM	717081103
EEFT	EURONET WORLDWIDE INC	24,364 (-8.7%)	$1.532M (-21.6%)	0.4%	$62.87	$77.96	-19.4%	COM	298736109
JNJ	JOHNSON & JOHNSON	56,944 (-1.4%)	$15.08M (+2.8%)	3.5%	$264.74	$71.89	+268.3%	COM	478160104
MDT	MEDTRONIC PLC	59,101 (-1.5%)	$5.142M (+8.6%)	1.2%	$87.01	$92.72	-6.9%	SHS	G5960L103
AFL	AFLAC INC	53,208 (-1.6%)	$5.948M (-6.2%)	1.4%	$111.78	$30.55	+265.9%	COM	001055102
STLD	STEEL DYNAMICS INC	25,700 (-3.1%)	$5.706M (-6.4%)	1.3%	$222.02	$16.71	+1225.9%	COM	858119100
APD	AIR PRODUCTS AND CHEMICALS I	13,134 (-4.6%)	$3.654M (-9.4%)	0.8%	$278.23	$186.63	+49.1%	COM	009158106
SYY	SYSCO CORP	53,844 (-1.6%)	$4.198M (-8.2%)	1.0%	$77.96	$28.37	+174.8%	COM	871829107
ABBV	ABBVIE INC	48,322 (-1.5%)	$12.64M (+2.4%)	2.9%	$261.59	$36.78	+611.3%	COM	00287Y109
PLXS	PLEXUS CORP	5,125 (-5.5%)	$1.337M (-18.0%)	0.3%	$260.95	$27.78	+839.4%	COM	729132100
GOOGL	ALPHABET INC	14,850 (-1.4%)	$5.11M (-5.0%)	1.2%	$344.08	$130.99	+162.7%	CAP STK CL A	02079K305
TGT	TARGET CORP	17,324 (-8.8%)	$2.715M (+9.4%)	0.6%	$156.69	$100.29	+56.2%	COM	87612E106
GPC	GENUINE PARTS CO	36,868 (-2.1%)	$4.666M (+4.3%)	1.1%	$126.56	$79.23	+58.7%	COM	372460105
GWW	WW GRAINGER INC	1,210 (-1.9%)	$1.507M (-10.2%)	0.3%	$1245.76	$201.34	+518.7%	COM	384802104
LLY	ELI LILLY & CO	1,028 (-7.2%)	$1.189M (-10.5%)	0.3%	$1157.08	$275.13	+320.6%	COM	532457108
DIS	DISNEY WALT CO	18,854 (-1.2%)	$1.978M (+6.9%)	0.5%	$104.90	$96.56	+8.6%	COM	254687106
LIN	LINDE PLC	1,827 (-3.7%)	$867K (-11.9%)	0.2%	$474.65	$323.71	+46.6%	SHS	G54950103
KO	COCA COLA CO	86,003 (-4.2%)	$7.44M (+1.4%)	1.7%	$86.51	$28.05	+206.8%	COM	191216100
KMB	KIMBERLY-CLARK CORP	3,729 (-10.8%)	$368K (-20.6%)	0.1%	$98.64	$74.92	+30.0%	COM	494368103
OTIS	OTIS WORLDWIDE CORP	8,020 (-5.2%)	$516K (-14.8%)	0.1%	$64.32	$48.05	+33.9%	COM	68902V107
JPM	JPMORGAN CHASE & CO	20,210 (-2.3%)	$6.686M (-1.3%)	1.5%	$330.83	$118.75	+178.6%	COM	46625H100
ITW	ILLINOIS TOOL WKS INC	1,106 (-19.7%)	$286K (-23.5%)	0.1%	$259.00	$102.49	+151.0%	COM	452308109
BRK/B	BERKSHIRE HATHAWAY INC DEL	5,398 (-2.4%)	$2.688M (-2.9%)	0.6%	$497.95	$142.56	+249.3%	CL B NEW	084670702
VWO	VANGUARD INTL EQUITY INDEX F	51,900 (-1.4%)	$3.078M (-2.1%)	0.7%	$59.31	$43.07	+37.7%	FTSE EMR MKT ETF	922042858
NTRS	NORTHERN TR CORP	5,065 (-4.3%)	$862K (-6.7%)	0.2%	$170.26	$40.35	+319.7%	COM	665859104
PNC	PNC FINL SVCS GROUP INC	2,234 (-1.3%)	$497K (-10.9%)	0.1%	$222.26	$52.62	+322.4%	COM	693475105
BP	BP PLC	13,722 (-7.1%)	$604K (+10.6%)	0.1%	$43.99	$41.36	+6.4%	SPONSORED ADR	055622104
RSP	INVESCO EXCHANGE TRADED FD T	4,798 (-3.1%)	$998K (-5.3%)	0.2%	$208.02	$187.90	+10.7%	S&P500 EQL WGT	46137V357
SHW	SHERWIN WILLIAMS CO	1,443 (-1.0%)	$466K (-7.1%)	0.1%	$323.27	$289.83	+11.5%	COM	824348106
VOO	VANGUARD INDEX FDS	1,335 (-5.4%)	$936K (-3.5%)	0.2%	$700.86	$641.42	+9.3%	S&P 500 ETF SHS	922908363
VEA	VANGUARD TAX-MANAGED FDS	7,444 (-4.8%)	$526K (-5.7%)	0.1%	$70.61	$48.09	+46.8%	VAN FTSE DEV MKT	921943858
ADM	ARCHER DANIELS MIDLAND CO	21,656 (-2.4%)	$1.719M (+1.4%)	0.4%	$79.38	$44.87	+76.9%	COM	039483102
FFIV	F5 INC	13,167 (-6.2%)	$5.862M (+0.4%)	1.3%	$445.18	$147.37	+202.1%	COM	315616102
T	AT&T INC	12,088 (-8.8%)	$295K (+7.5%)	0.1%	$24.40	$18.69	+30.5%	COM	00206R102
EEM	ISHARES TR	4,163 (-3.8%)	$278K (-6.1%)	0.1%	$66.79	$51.62	+29.4%	MSCI EMG MKT ETF	464287234
J	JACOBS SOLUTIONS INC	5,819 (-4.7%)	$787K (+2.3%)	0.2%	$135.27	$100.68	+34.4%	COM	46982L108
DG	DOLLAR GEN CORP	18,337 (-3.0%)	$2.193M (+0.8%)	0.5%	$119.58	$96.82	+23.5%	COM	256677105
MMM	3M CO	30,959 (-1.2%)	$5.082M (+0.2%)	1.2%	$164.15	$111.05	+47.8%	COM	88579Y101
AES	AES CORP	137,430 (-1.4%)	$2.048M (+0.2%)	0.5%	$14.90	$14.31	+4.1%	COM	00130H105
ELV	ELEVANCE HEALTH INC FORMERLY	1,137 (-1.4%)	$442K (-0.9%)	0.1%	$388.82	$105.54	+268.4%	COM	036752103

Unchanged Positions (50)

MSFT MICROSOFT CORP 5.7%

Value $24.71M Shares 48,170 Share Price $512.90 Est. Cost/Share $32.54 Unrealized @ Report Date +1476.3%

HD HOME DEPOT INC 2.1%

Value $9.339M Shares 32,827 Share Price $284.49 Est. Cost/Share $64.66 Unrealized @ Report Date +340.0%

MCD MCDONALDS CORP 2.0%

Value $8.77M Shares 37,974 Share Price $230.94 Est. Cost/Share $76.86 Unrealized @ Report Date +200.5%

ADP AUTOMATIC DATA PROCESSING IN 2.2%

Value $9.586M Shares 36,933 Share Price $259.55 Est. Cost/Share $53.73 Unrealized @ Report Date +380.3%

WMT WALMART INC 2.7%

Value $11.89M Shares 114,395 Share Price $103.92 Est. Cost/Share $43.62 Unrealized @ Report Date +138.2%

GILD GILEAD SCIENCES INC 1.4%

Value $6.047M Shares 40,570 Share Price $149.05 Est. Cost/Share $56.06 Unrealized @ Report Date +165.9%

LKFN LAKELAND FINL CORP 1.9%

Value $8.428M Shares 146,173 Share Price $57.66 Est. Cost/Share $19.67 Unrealized @ Report Date +193.1%

CVX CHEVRON CORPORATION 0.6%

Value $2.662M Shares 13,036 Share Price $204.21 Est. Cost/Share $74.34 Unrealized @ Report Date +174.7%

GOOG ALPHABET INC 2.9%

Value $12.7M Shares 37,269 Share Price $340.74 Est. Cost/Share $112.32 Unrealized @ Report Date +203.4%

ABT ABBOTT LABORATORIES 1.3%

Value $5.47M Shares 55,344 Share Price $98.83 Est. Cost/Share $33.64 Unrealized @ Report Date +193.8%

USB US BANCORP 1.6%

Value $7.149M Shares 122,627 Share Price $58.30 Est. Cost/Share $28.08 Unrealized @ Report Date +105.7%

CAT CATERPILLAR INC 0.2%

Value $1.003M Shares 1,237 Share Price $810.79 Est. Cost/Share $126.81 Unrealized @ Report Date +539.4%

VZ VERIZON COMMUNICATIONS INC 0.5%

Value $2.21M Shares 48,187 Share Price $45.87 Est. Cost/Share $35.69 Unrealized @ Report Date +28.5%

AMAT APPLIED MATLS INC 0.1%

Value $394K Shares 770 Share Price $511.38 Est. Cost/Share $239.49 Unrealized @ Report Date +113.5%

CB CHUBB LIMITED 0.6%

Value $2.561M Shares 7,853 Share Price $326.12 Est. Cost/Share $156.89 Unrealized @ Report Date +107.3%

ZBH ZIMMER BIOMET HOLDINGS INC 0.8%

Value $3.37M Shares 37,831 Share Price $89.07 Est. Cost/Share $127.70 Unrealized @ Report Date -30.4%

BMY BRISTOL-MYERS SQUIBB CO 0.3%

Value $1.484M Shares 23,783 Share Price $62.40 Est. Cost/Share $30.25 Unrealized @ Report Date +106.3%

PG PROCTER & GAMBLE CO 1.5%

Value $6.576M Shares 45,264 Share Price $145.28 Est. Cost/Share $58.13 Unrealized @ Report Date +149.9%

NVDA NVIDIA CORPORATION 0.2%

Value $792K Shares 3,464 Share Price $228.63 Est. Cost/Share $146.03 Unrealized @ Report Date +56.4%

PM PHILIP MORRIS INTL INC 0.4%

Value $1.945M Shares 10,195 Share Price $190.82 Est. Cost/Share $50.19 Unrealized @ Report Date +280.2%

VTIP VANGUARD MALVERN FDS 0.6%

Value $2.502M Shares 50,828 Share Price $49.22 Est. Cost/Share $51.61 Unrealized @ Report Date -4.6%

FLS FLOWSERVE CORP 0.8%

Value $3.31M Shares 45,171 Share Price $73.28 Est. Cost/Share $38.51 Unrealized @ Report Date +89.8%

RTX RTX CORPORATION 0.7%

Value $2.961M Shares 15,948 Share Price $185.65 Est. Cost/Share $56.10 Unrealized @ Report Date +230.9%

CTAS CINTAS CORP 0.1%

Value $468K Shares 2,400 Share Price $195.06 Est. Cost/Share $163.81 Unrealized @ Report Date +19.1%

COP CONOCOPHILLIPS 0.1%

Value $305K Shares 2,436 Share Price $125.16 Est. Cost/Share $90.73 Unrealized @ Report Date +37.9%

NI NISOURCE INC 0.1%

Value $220K Shares 5,640 Share Price $39.00 Est. Cost/Share $38.00 Unrealized @ Report Date +2.6%

MO ALTRIA GROUP INC 0.2%

Value $662K Shares 9,688 Share Price $68.35 Est. Cost/Share $32.79 Unrealized @ Report Date +105.4%

CL COLGATE PALMOLIVE CO 0.1%

Value $618K Shares 7,249 Share Price $85.32 Est. Cost/Share $47.29 Unrealized @ Report Date +80.4%

AMGN AMGEN INC 0.1%

Value $308K Shares 730 Share Price $421.51 Est. Cost/Share $287.24 Unrealized @ Report Date +46.7%

ORCL ORACLE CORP 0.1%

Value $540K Shares 3,934 Share Price $137.30 Est. Cost/Share $74.85 Unrealized @ Report Date +83.4%

V VISA INC 0.2%

Value $767K Shares 2,134 Share Price $359.33 Est. Cost/Share $239.97 Unrealized @ Report Date +49.7%

FRME FIRST MERCHANTS CORP 0.1%

Value $335K Shares 8,418 Share Price $39.78 Est. Cost/Share $30.64 Unrealized @ Report Date +29.8%

DE DEERE & CO 0.1%

Value $593K Shares 881 Share Price $673.17 Est. Cost/Share $369.25 Unrealized @ Report Date +81.9%

NUE NUCOR CORP 0.2%

Value $668K Shares 2,853 Share Price $234.31 Est. Cost/Share $47.42 Unrealized @ Report Date +393.0%

IWM ISHARES TR 0.1%

Value $312K Shares 1,121 Share Price $277.89 Est. Cost/Share $211.74 Unrealized @ Report Date +31.2%

BKH BLACK HILLS CORP 0.1%

Value $384K Shares 5,485 Share Price $70.08 Est. Cost/Share $30.70 Unrealized @ Report Date +128.3%

IWP ISHARES TR 0.1%

Value $366K Shares 2,656 Share Price $137.68 Est. Cost/Share $96.56 Unrealized @ Report Date +42.6%

HL HECLA MINING COMPANY 0.1%

Value $244K Shares 14,350 Share Price $17.03 Est. Cost/Share $6.27 Unrealized @ Report Date +171.7%

COST COSTCO WHOLESALE CORPORATION 0.2%

Value $777K Shares 853 Share Price $910.34 Est. Cost/Share $276.04 Unrealized @ Report Date +229.8%

CHKP CHECK POINT SOFTWARE TECH LT 0.2%

Value $1.065M Shares 8,301 Share Price $128.35 Est. Cost/Share $141.65 Unrealized @ Report Date -9.4%

WFC WELLS FARGO & CO 0.1%

Value $627K Shares 7,834 Share Price $80.05 Est. Cost/Share $33.73 Unrealized @ Report Date +137.3%

SPY STATE STR SPDR S&P 500 ETF T 0.2%

Value $957K Shares 1,252 Share Price $764.52 Est. Cost/Share $326.84 Unrealized @ Report Date +133.3%

TXN TEXAS INSTRS INC 0.1%

Value $277K Shares 988 Share Price $280.09 Est. Cost/Share $277.43 Unrealized @ Report Date +1.0%

NSC NORFOLK SOUTHN CORP 0.1%

Value $618K Shares 2,000 Share Price $309.00 Est. Cost/Share $61.86 Unrealized @ Report Date +399.5%

IWS ISHARES TR 0.1%

Value $244K Shares 1,520 Share Price $160.74 Est. Cost/Share $157.79 Unrealized @ Report Date +1.9%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value $747K Shares 1 Share Price $747005.00 Est. Cost/Share $199512.94 Unrealized @ Report Date +274.4%

CNI CANADIAN NATL RY CO 0.1%

Value $641K Shares 5,387 Share Price $118.90 Est. Cost/Share $72.53 Unrealized @ Report Date +63.9%

UNP UNION PAC CORP 0.0%

Value $218K Shares 800 Share Price $272.13 Est. Cost/Share $262.58 Unrealized @ Report Date +3.6%

EFA ISHARES TR 0.0%

Value $201K Shares 1,938 Share Price $103.89 Est. Cost/Share $102.85 Unrealized @ Report Date +1.0%

MDLZ MONDELEZ INTL INC 0.0%

Value $204K Shares 3,500 Share Price $58.27 Est. Cost/Share $57.92 Unrealized @ Report Date -0.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	48,170	$24.71M	5.7%	$512.90	$32.54	+1476.3%	COM	594918104
HD	HOME DEPOT INC	32,827	$9.339M	2.1%	$284.49	$64.66	+340.0%	COM	437076102
MCD	MCDONALDS CORP	37,974	$8.77M	2.0%	$230.94	$76.86	+200.5%	COM	580135101
ADP	AUTOMATIC DATA PROCESSING IN	36,933	$9.586M	2.2%	$259.55	$53.73	+380.3%	COM	053015103
WMT	WALMART INC	114,395	$11.89M	2.7%	$103.92	$43.62	+138.2%	COM	931142103
GILD	GILEAD SCIENCES INC	40,570	$6.047M	1.4%	$149.05	$56.06	+165.9%	COM	375558103
LKFN	LAKELAND FINL CORP	146,173	$8.428M	1.9%	$57.66	$19.67	+193.1%	COM	511656100
CVX	CHEVRON CORPORATION	13,036	$2.662M	0.6%	$204.21	$74.34	+174.7%	COM	166764100
GOOG	ALPHABET INC	37,269	$12.7M	2.9%	$340.74	$112.32	+203.4%	CAP STK CL C	02079K107
ABT	ABBOTT LABORATORIES	55,344	$5.47M	1.3%	$98.83	$33.64	+193.8%	COM	002824100
USB	US BANCORP	122,627	$7.149M	1.6%	$58.30	$28.08	+105.7%	COM NEW	902973304
CAT	CATERPILLAR INC	1,237	$1.003M	0.2%	$810.79	$126.81	+539.4%	COM	149123101
VZ	VERIZON COMMUNICATIONS INC	48,187	$2.21M	0.5%	$45.87	$35.69	+28.5%	COM	92343V104
AMAT	APPLIED MATLS INC	770	$394K	0.1%	$511.38	$239.49	+113.5%	COM	038222105
CB	CHUBB LIMITED	7,853	$2.561M	0.6%	$326.12	$156.89	+107.3%	COM	H1467J104
ZBH	ZIMMER BIOMET HOLDINGS INC	37,831	$3.37M	0.8%	$89.07	$127.70	-30.4%	COM	98956P102
BMY	BRISTOL-MYERS SQUIBB CO	23,783	$1.484M	0.3%	$62.40	$30.25	+106.3%	COM	110122108
PG	PROCTER & GAMBLE CO	45,264	$6.576M	1.5%	$145.28	$58.13	+149.9%	COM	742718109
NVDA	NVIDIA CORPORATION	3,464	$792K	0.2%	$228.63	$146.03	+56.4%	COM	67066G104
PM	PHILIP MORRIS INTL INC	10,195	$1.945M	0.4%	$190.82	$50.19	+280.2%	COM	718172109
VTIP	VANGUARD MALVERN FDS	50,828	$2.502M	0.6%	$49.22	$51.61	-4.6%	STRM INFPROIDX	922020805
FLS	FLOWSERVE CORP	45,171	$3.31M	0.8%	$73.28	$38.51	+89.8%	COM	34354P105
RTX	RTX CORPORATION	15,948	$2.961M	0.7%	$185.65	$56.10	+230.9%	COM	75513E101
CTAS	CINTAS CORP	2,400	$468K	0.1%	$195.06	$163.81	+19.1%	COM	172908105
COP	CONOCOPHILLIPS	2,436	$305K	0.1%	$125.16	$90.73	+37.9%	COM	20825C104
NI	NISOURCE INC	5,640	$220K	0.1%	$39.00	$38.00	+2.6%	COM	65473P105
MO	ALTRIA GROUP INC	9,688	$662K	0.2%	$68.35	$32.79	+105.4%	COM	02209S103
CL	COLGATE PALMOLIVE CO	7,249	$618K	0.1%	$85.32	$47.29	+80.4%	COM	194162103
AMGN	AMGEN INC	730	$308K	0.1%	$421.51	$287.24	+46.7%	COM	031162100
ORCL	ORACLE CORP	3,934	$540K	0.1%	$137.30	$74.85	+83.4%	COM	68389X105
V	VISA INC	2,134	$767K	0.2%	$359.33	$239.97	+49.7%	COM CL A	92826C839
FRME	FIRST MERCHANTS CORP	8,418	$335K	0.1%	$39.78	$30.64	+29.8%	COM	320817109
DE	DEERE & CO	881	$593K	0.1%	$673.17	$369.25	+81.9%	COM	244199105
NUE	NUCOR CORP	2,853	$668K	0.2%	$234.31	$47.42	+393.0%	COM	670346105
IWM	ISHARES TR	1,121	$312K	0.1%	$277.89	$211.74	+31.2%	RUSSELL 2000 ETF	464287655
BKH	BLACK HILLS CORP	5,485	$384K	0.1%	$70.08	$30.70	+128.3%	COM	092113109
IWP	ISHARES TR	2,656	$366K	0.1%	$137.68	$96.56	+42.6%	RUS MD CP GR ETF	464287481
HL	HECLA MINING COMPANY	14,350	$244K	0.1%	$17.03	$6.27	+171.7%	COM	422704106
COST	COSTCO WHOLESALE CORPORATION	853	$777K	0.2%	$910.34	$276.04	+229.8%	COM	22160K105
CHKP	CHECK POINT SOFTWARE TECH LT	8,301	$1.065M	0.2%	$128.35	$141.65	-9.4%	ORD	M22465104
WFC	WELLS FARGO & CO	7,834	$627K	0.1%	$80.05	$33.73	+137.3%	COM	949746101
SPY	STATE STR SPDR S&P 500 ETF T	1,252	$957K	0.2%	$764.52	$326.84	+133.3%	TR UNIT	78462F103
TXN	TEXAS INSTRS INC	988	$277K	0.1%	$280.09	$277.43	+1.0%	COM	882508104
NSC	NORFOLK SOUTHN CORP	2,000	$618K	0.1%	$309.00	$61.86	+399.5%	COM	655844108
IWS	ISHARES TR	1,520	$244K	0.1%	$160.74	$157.79	+1.9%	RUS MDCP VAL ETF	464287473
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$747K	0.2%	$747005.00	$199512.94	+274.4%	CL A	084670108
CNI	CANADIAN NATL RY CO	5,387	$641K	0.1%	$118.90	$72.53	+63.9%	COM	136375102
UNP	UNION PAC CORP	800	$218K	0.0%	$272.13	$262.58	+3.6%	COM	907818108
EFA	ISHARES TR	1,938	$201K	0.0%	$103.89	$102.85	+1.0%	MSCI EAFE ETF	464287465
MDLZ	MONDELEZ INTL INC	3,500	$204K	0.0%	$58.27	$57.92	-0.2%	CL A	609207105