Monarch Capital Management

Monarch Capital Management as of March 31, 2011

Portfolio Holdings for Monarch Capital Management

Monarch Capital Management holds 87 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Coca-Cola Company (KO) 4.0 $8.0M 121k 66.34
Exxon Mobil Corporation (XOM) 3.7 $7.4M 88k 84.13
McDonald's Corporation (MCD) 3.6 $7.2M 94k 76.09
Franklin Electric (FELE) 3.3 $6.7M 145k 46.20
Merck & Co (MRK) 3.3 $6.6M 199k 33.01
Procter & Gamble Company (PG) 3.1 $6.3M 102k 61.60
Walgreen Company 3.1 $6.3M 157k 40.14
Philip Morris International (PM) 3.0 $6.0M 92k 65.63
EMC Corporation 2.9 $5.9M 221k 26.56
Johnson & Johnson (JNJ) 2.9 $5.7M 97k 59.25
Automatic Data Processing (ADP) 2.7 $5.4M 104k 51.31
Wal-Mart Stores (WMT) 2.6 $5.3M 101k 52.05
General Electric Company 2.5 $5.0M 250k 20.05
Medtronic 2.5 $4.9M 125k 39.35
Lakeland Financial Corporation (LKFN) 2.4 $4.8M 212k 22.68
Home Depot (HD) 2.3 $4.6M 125k 37.06
3M Company (MMM) 2.2 $4.4M 47k 93.49
Microsoft Corporation (MSFT) 2.2 $4.3M 171k 25.39
Wells Fargo & Company (WFC) 2.1 $4.2M 134k 31.71
Intel Corporation (INTC) 2.1 $4.2M 209k 20.18
Abbott Laboratories (ABT) 2.1 $4.2M 86k 49.05
SYSCO Corporation (SYY) 2.1 $4.2M 151k 27.70
Pfizer (PFE) 2.0 $4.0M 195k 20.31
Cisco Systems (CSCO) 2.0 $4.0M 231k 17.15
Pepsi (PEP) 1.9 $3.8M 59k 64.41
Emerson Electric (EMR) 1.7 $3.4M 59k 58.43
Cincinnati Financial Corporation (CINF) 1.7 $3.4M 105k 32.79
Northern Trust Corporation (NTRS) 1.7 $3.4M 67k 50.76
Zimmer Holdings (ZBH) 1.6 $3.3M 55k 60.53
BP (BP) 1.5 $3.0M 68k 44.14
United Technologies Corporation 1.5 $3.0M 35k 84.66
Schlumberger (SLB) 1.3 $2.6M 28k 93.27
Clarcor 1.3 $2.6M 58k 44.93
Altria (MO) 1.2 $2.5M 95k 26.03
Norfolk Southern (NSC) 1.2 $2.4M 34k 69.28
U.S. Bancorp (USB) 1.1 $2.1M 80k 26.43
Chevron Corporation (CVX) 1.0 $2.1M 19k 107.51
Kraft Foods 1.0 $1.9M 62k 31.36
Nextera Energy (NEE) 1.0 $1.9M 35k 55.13
At&t (T) 0.8 $1.7M 55k 30.61
Vodafone 0.8 $1.6M 57k 28.75
Walt Disney Company (DIS) 0.8 $1.6M 38k 43.08
Genuine Parts Company (GPC) 0.8 $1.6M 30k 53.65
United Parcel Service (UPS) 0.6 $1.3M 17k 74.30
Stryker Corporation (SYK) 0.6 $1.3M 21k 60.80
Accenture (ACN) 0.6 $1.2M 22k 54.98
QEP Resources 0.6 $1.1M 27k 40.55
Steel Dynamics (STLD) 0.5 $1.0M 56k 18.77
JPMorgan Chase & Co. (JPM) 0.5 $952k 21k 46.10
Verizon Communications (VZ) 0.5 $960k 25k 38.54
Bristol Myers Squibb (BMY) 0.4 $871k 33k 26.43
International Business Machines (IBM) 0.4 $778k 4.8k 163.00
Nokia Corporation (NOK) 0.4 $738k 87k 8.51
Pinnacle West Capital Corporation (PNW) 0.3 $700k 16k 42.81
Chubb Corporation 0.3 $685k 11k 61.30
Cintas Corporation (CTAS) 0.3 $536k 18k 30.25
Valspar Corporation 0.3 $520k 13k 39.10
Plexus (PLXS) 0.2 $487k 14k 35.04
Vivendi (VIVEF) 0.2 $474k 17k 28.62
Berkshire Hathaway (BRK.B) 0.2 $464k 5.6k 83.60
Yum! Brands (YUM) 0.2 $450k 8.8k 51.37
Questar Corporation 0.2 $439k 25k 17.46
Vanguard Emerging Markets ETF (VWO) 0.2 $436k 8.9k 48.99
Duke Energy Corporation 0.2 $417k 23k 18.17
Target Corporation (TGT) 0.2 $411k 8.2k 49.97
Jacobs Engineering 0.2 $401k 7.8k 51.41
Praxair 0.2 $377k 3.7k 101.70
Constellation Brands (STZ) 0.2 $385k 19k 20.27
Protective Life 0.2 $364k 14k 26.57
PNC Financial Services (PNC) 0.2 $341k 5.4k 63.00
Air Products & Chemicals (APD) 0.2 $335k 3.7k 90.20
Duke Realty Corporation 0.2 $349k 25k 14.02
Eli Lilly & Co. (LLY) 0.2 $327k 9.3k 35.16
Northrop Grumman Corporation (NOC) 0.2 $319k 5.1k 62.67
Lorillard 0.2 $313k 3.3k 95.05
Hershey Company (HSY) 0.1 $293k 5.4k 54.26
Bemis Company 0.1 $269k 8.2k 32.82
Berkshire Hathaway (BRK.A) 0.1 $251k 2.00 125500.00
Fifth Third Ban (FITB) 0.1 $265k 19k 13.91
Lincoln National Corporation (LNC) 0.1 $244k 8.1k 30.03
Nucor Corporation (NUE) 0.1 $244k 5.3k 45.99
Equity Residential (EQR) 0.1 $237k 4.2k 56.43
Royal Dutch Shell 0.1 $246k 3.4k 72.98
Colgate-Palmolive Company (CL) 0.1 $223k 2.8k 80.74
Pitney Bowes (PBI) 0.1 $206k 8.0k 25.75
Bank of America Corporation (BAC) 0.1 $139k 10k 13.37
Tower Financial Corporation 0.1 $90k 11k 8.22