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Livermore
Livermore
ZHEN

Monarch Capital Management Inc

SEC CIK
0000938759
Latest filing
Jul 22, 2026

The latest 13F from Monarch Capital Management Inc covers Q2 2026 (filed Jul 22, 2026): 130 long positions worth $436.2M. The top 10 holdings make up 32.4% of the portfolio, and the largest is Microsoft Corp (MSFT) at 4.1%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
5
Est. +$1.21M
Added
55
Est. +$7.12M
Reduced
55
Est. −$11.9M
Sold out
2
Est. −$444.4K

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    4.1%$18.1MHistory
  2. AAPLApple Inc.
    3.9%$16.9MHistory
  3. MRKMerck & Co., Inc.
    3.5%$15.4MHistory
  4. CSCOCisco Systems, Inc.
    3.4%$15.0MHistory
  5. JNJJohnson & Johnson
    3.4%$14.7MHistory

Share of portfolio

Top 5 holdings and the other 125 positions, by share of portfolio value

  1. MSFT4.1%
  2. AAPL3.9%
  3. MRK3.5%
  4. CSCO3.4%
  5. JNJ3.4%
  6. Other 125 positions81.6%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$652.5KAdded
  2. PGRProgressive Corp
    +$576.7KAddedHistory
  3. FISVFiserv Inc
    +$548.0KAddedHistory
  4. CHKPCheck Point Software Technologies Ltd
    +$417.4KAddedHistory
  5. SYKStryker Corp
    +$409.8KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. ABBVAbbVie Inc.
    +0.23 pp2.6% → 2.8%History
  2. Vanguard S&P 500 ETF922908363
    +0.15 pp0.1% → 0.2%
  3. CARRCarrier Global Corp
    +0.14 pp0.6% → 0.8%History
  4. PGRProgressive Corp
    +0.14 pp0.1% → 0.3%History
  5. SYYSysco Corp
    +0.10 pp1.0% → 1.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46436E718
    −$3.06MReduced
  2. INTCIntel Corp
    −$2.01MReducedHistory
  3. PWRQuanta Services, Inc.
    −$1.34MReducedHistory
  4. CSCOCisco Systems, Inc.
    −$694.1KReducedHistory
  5. STLDSteel Dynamics Inc
    −$599.5KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares Tr46436E718
    −0.89 pp3.1% → 2.2%
  2. WMTWalmart Inc.
    −0.62 pp3.6% → 3.0%History
  3. XOMExxonMobil Holdings Corp
    −0.57 pp2.0% → 1.4%History
  4. MCDMcDonalds Corp
    −0.55 pp2.9% → 2.3%History
  5. CVXChevron Corp
    −0.19 pp0.7% → 0.5%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$436.2M
+$27.6M (+6.8%) vs. prior quarter
Positions
130
+3 vs. prior quarter
Top 10 concentration
32.4%
Top 10 as share of value
Turnover
2.0%
Q2 2026, one quarter
Average holding period
20.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $436.2M (Q2 2026)

Q1 2021: $337.2MQ2 2021: $350.0MQ3 2021: $359.6MQ4 2021: $390.0MQ1 2022: $378.1MQ2 2022: $335.5MQ3 2022: $306.8MQ4 2022: $326.1MQ1 2023: $325.8MQ2 2023: $329.8MQ3 2023: $311.2MQ4 2023: $330.2MQ1 2024: $354.3MQ2 2024: $340.3MQ3 2024: $371.4MQ4 2024: $365.1MQ1 2025: $359.8MQ2 2025: $372.5MQ3 2025: $407.9MQ4 2025: $406.8MQ1 2026: $408.6MQ2 2026: $436.2M
Q1 2021Q2 2026
13F filings of Monarch Capital Management Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 2026130$436.2MMSFTAAPLMRKvs. Q1 2026SEC
Q1 2026Apr 16, 2026127$408.6MMSFTAAPLWMTvs. Q4 2025SEC
Q4 2025Jan 23, 2026124$406.8MMSFTAAPLWMTvs. Q3 2025SEC
Q3 2025Oct 20, 2025122$407.9MMSFTAAPLHDvs. Q2 2025SEC
Q2 2025Aug 20, 2025117$372.5MMSFTAAPLWMTvs. Q1 2025SEC
Q1 2025Apr 15, 2025115$359.8MMSFTAAPLHDvs. Q4 2024SEC
Q4 2024Jan 15, 2025114$365.1MMSFTAAPLWMTvs. Q3 2024SEC
Q3 2024Oct 16, 2024118$371.4MMSFTAAPLHDvs. Q2 2024SEC
Q2 2024Jul 24, 2024114$340.3MMSFTMRKAAPLvs. Q1 2024SEC
Q1 2024Apr 25, 2024116$354.3MMSFTMRKHDvs. Q4 2023SEC
Q4 2023Jan 17, 2024112$330.2MMSFTMRKAAPLvs. Q3 2023SEC
Q3 2023Nov 2, 2023109$311.2MMSFTMRKAAPLvs. Q2 2023SEC
Q2 2023Aug 1, 2023111$329.8MMSFTMRKAAPLvs. Q1 2023SEC
Q1 2023Apr 25, 2023111$325.8MMSFTMRKAAPLvs. Q4 2022SEC
Q4 2022Jan 26, 2023109$326.1MMRKMSFTLKFNvs. Q3 2022SEC
Q3 2022Oct 20, 2022113$306.8MMSFTLKFNMRKvs. Q2 2022SEC
Q2 2022Jul 20, 2022121$335.5MMSFTMRKLKFNvs. Q1 2022SEC
Q1 2022Apr 20, 2022123$378.1MMSFTAAPLLKFNvs. Q4 2021SEC
Q4 2021Jan 19, 2022123$390.0MMSFTHDAAPLvs. Q3 2021SEC
Q3 2021Nov 4, 2021118$359.6MMSFTLKFNHDvs. Q2 2021SEC
Q2 2021Jul 22, 2021111$350.0MMSFTLKFNHDvs. Q1 2021SEC
Q1 2021Apr 27, 2021110$337.2MMSFTLKFNHD–SEC