Monarch Capital Management

Monarch Capital Management as of Dec. 31, 2010

Portfolio Holdings for Monarch Capital Management

Monarch Capital Management holds 88 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Coca-Cola Company (KO) 4.2 $8.1M 123k 65.77
McDonald's Corporation (MCD) 3.8 $7.3M 95k 76.76
Merck & Co (MRK) 3.7 $7.1M 196k 36.04
Procter & Gamble Company (PG) 3.4 $6.5M 102k 64.33
Exxon Mobil Corporation (XOM) 3.3 $6.3M 87k 73.12
Walgreen Company 3.2 $6.2M 159k 38.96
Johnson & Johnson (JNJ) 3.1 $5.9M 95k 61.85
Franklin Electric (FELE) 2.9 $5.6M 145k 38.92
Wal-Mart Stores (WMT) 2.8 $5.4M 101k 53.93
Philip Morris International (PM) 2.8 $5.4M 92k 58.53
EMC Corporation 2.6 $5.1M 222k 22.90
Automatic Data Processing (ADP) 2.6 $5.0M 108k 46.28
Microsoft Corporation (MSFT) 2.5 $4.8M 170k 27.91
Lakeland Financial Corporation (LKFN) 2.5 $4.7M 219k 21.46
SYSCO Corporation (SYY) 2.4 $4.6M 156k 29.40
Home Depot (HD) 2.4 $4.5M 129k 35.06
General Electric Company 2.3 $4.5M 245k 18.29
Wells Fargo & Company (WFC) 2.3 $4.3M 140k 30.99
Intel Corporation (INTC) 2.3 $4.4M 207k 21.03
Medtronic 2.2 $4.3M 115k 37.09
Cisco Systems (CSCO) 2.1 $4.1M 204k 20.23
3M Company (MMM) 2.1 $4.0M 47k 86.30
Abbott Laboratories (ABT) 2.0 $3.9M 81k 47.91
Pepsi (PEP) 2.0 $3.9M 59k 65.34
Northern Trust Corporation (NTRS) 1.9 $3.7M 67k 55.41
Pfizer (PFE) 1.8 $3.4M 193k 17.51
Emerson Electric (EMR) 1.7 $3.3M 58k 57.17
Cincinnati Financial Corporation (CINF) 1.7 $3.3M 104k 31.69
Zimmer Holdings (ZBH) 1.6 $3.1M 57k 53.67
BP (BP) 1.6 $3.1M 69k 44.17
United Technologies Corporation 1.4 $2.8M 35k 78.72
Clarcor 1.3 $2.5M 58k 42.90
Schlumberger (SLB) 1.2 $2.3M 28k 83.50
Altria (MO) 1.1 $2.2M 88k 24.62
Norfolk Southern (NSC) 1.1 $2.1M 34k 62.82
U.S. Bancorp (USB) 1.1 $2.1M 77k 26.97
Kraft Foods 1.0 $1.9M 62k 31.51
Chevron Corporation (CVX) 0.9 $1.8M 19k 91.25
Nextera Energy (NEE) 0.9 $1.7M 33k 51.99
Genuine Parts Company (GPC) 0.8 $1.6M 31k 51.33
Vodafone 0.8 $1.5M 56k 26.44
United Parcel Service (UPS) 0.7 $1.4M 20k 72.57
Walt Disney Company (DIS) 0.7 $1.4M 38k 37.51
At&t (T) 0.7 $1.3M 43k 29.39
Stryker Corporation (SYK) 0.6 $1.1M 21k 53.72
JPMorgan Chase & Co. (JPM) 0.5 $901k 21k 42.40
Steel Dynamics (STLD) 0.5 $906k 50k 18.30
QEP Resources 0.5 $895k 25k 36.31
Bristol Myers Squibb (BMY) 0.5 $873k 33k 26.49
Verizon Communications (VZ) 0.5 $891k 25k 35.77
Pinnacle West Capital Corporation (PNW) 0.4 $746k 18k 41.44
Nokia Corporation (NOK) 0.4 $719k 70k 10.33
International Business Machines (IBM) 0.4 $700k 4.8k 146.66
Chubb Corporation 0.3 $666k 11k 59.60
Cintas Corporation (CTAS) 0.3 $631k 23k 27.96
Accenture (ACN) 0.3 $594k 12k 48.45
Constellation Brands (STZ) 0.3 $514k 23k 22.16
Target Corporation (TGT) 0.3 $495k 8.2k 60.18
Valspar Corporation 0.2 $459k 13k 34.51
Questar Corporation 0.2 $440k 25k 17.43
Vivendi (VIVEF) 0.2 $449k 17k 27.11
Berkshire Hathaway (BRK.B) 0.2 $421k 5.3k 80.19
Duke Energy Corporation 0.2 $419k 24k 17.79
Vanguard Emerging Markets ETF (VWO) 0.2 $385k 8.0k 48.13
Air Products & Chemicals (APD) 0.2 $356k 3.9k 90.96
Protective Life 0.2 $365k 14k 26.64
Hershey Company (HSY) 0.2 $349k 7.4k 47.16
PNC Financial Services (PNC) 0.2 $328k 5.4k 60.80
Eli Lilly & Co. (LLY) 0.2 $326k 9.3k 35.05
Northrop Grumman Corporation (NOC) 0.2 $330k 5.1k 64.83
Equity Residential (EQR) 0.2 $322k 6.2k 51.94
Praxair 0.2 $335k 3.5k 95.52
Jacobs Engineering 0.2 $335k 7.3k 45.89
Duke Realty Corporation 0.2 $310k 25k 12.45
Barrick Gold Corp (GOLD) 0.1 $292k 5.5k 53.09
Bemis Company 0.1 $268k 8.2k 32.70
Lorillard 0.1 $270k 3.3k 81.99
Avery Dennison Corporation (AVY) 0.1 $258k 6.1k 42.30
Berkshire Hathaway (BRK.A) 0.1 $241k 2.00 120500.00
Lincoln National Corporation (LNC) 0.1 $227k 8.2k 27.84
Colgate-Palmolive Company (CL) 0.1 $222k 2.8k 80.38
Royal Dutch Shell 0.1 $225k 3.4k 66.75
Nucor Corporation (NUE) 0.1 $219k 5.0k 43.76
Pitney Bowes (PBI) 0.1 $213k 8.8k 24.20
American International (AIG) 0.1 $213k 3.7k 57.68
Bank of America Corporation (BAC) 0.1 $139k 10k 13.37
Motorola 0.1 $101k 11k 9.10
Tower Financial Corporation 0.0 $83k 11k 7.58