German American Bancorp, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), German American Bancorp, Inc. reported 119 stock positions worth $831.7 million. Its top holding was iShares MSCI Acwi Ex US ETF (ACWX) at 9.3% of the portfolio, followed by iShares Intermediate Governm (GVI, 9.3%) and iShares Russell Mid-Cap ETF (IWR, 8.4%). Compared with Q4 2023, it opened 3 new positions, sold out of 2, added to 57 and reduced 34. The biggest buy was Nvidia (NVDA, shares +8%) and the biggest sale Apple (AAPL, shares −13%).

Most Recent 13F
Q2 2026
Location
JASPER, IN
CIK
0000714395
Portfolio Value
$831.7M (Q1 2024)
SEC Filing
0000714395-24-000031 ↗ filed May 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $831.7M $831.7M Q1 2024 Q2 2024: $870.7M Q2 2024 Q3 2024: $944.8M Q3 2024 Q4 2024: $955.0M Q4 2024 Q1 2025: $930.2M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 119 stocks · $831.7M
ACWX iShares MSCI Acwi Ex US ETF 9.35% 1,456,277 $77.8M Add +7.2%
GVI iShares Intermediate Governm 9.30% 744,039 $77.4M Add +4.3%
IWR iShares Russell Mid-Cap ETF 8.35% 825,980 $69.5M Add +5.2%
SPY SS SPDR S&P 500 ETF Trust-US 5.91% 93,919 $49.1M Reduce -0.2%
MSFT Microsoft Corp. 4.82% 95,233 $40.1M Add +2.9%
IWM iShares Russell 2000 ETF 4.69% 185,522 $39.0M Add +5.9%
IWD iShares Russell 1000 Value E 4.19% 194,330 $34.8M Add +1.2%
AAPL Apple Inc. 3.45% 167,231 $28.7M Reduce -12.9%
GOOGL Alphabet Inc. Class A 3.33% 183,340 $27.7M Add +2.1%
NVDA Nvidia Corp. 2.56% 23,588 $21.3M Add +7.8%
AMZN Amazon.com Inc. 2.34% 108,101 $19.5M Add +2.5%
META Meta Platforms Inc. Class A 1.90% 32,584 $15.8M Add +3.7%
JPM JPMorgan Chase & Co. 1.89% 78,364 $15.7M Add +2.1%
UNH Unitedhealth Group Inc. 1.87% 31,462 $15.6M Add +2.4%
MA Mastercard Inc. Class A 1.86% 32,208 $15.5M Add +2.3%
ORCL Oracle Corp. 1.41% 93,530 $11.7M Add +2.4%
CAT Caterpillar Inc. 1.32% 30,020 $11.0M Add +2.7%
MU Micron Technology Inc. 1.26% 88,881 $10.5M Add +2.5%
PG The Procter & Gamble Co. 1.20% 61,338 $10.0M Add +2.5%
MUB iShares National Muni Bond E 1.15% 88,629 $9.5M Reduce -2.9%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.10% 139,934 $9.2M Add +3.2%
COST Costco Wholesale Corp. 1.10% 12,462 $9.1M Add +2.0%
XLY SS Consumer Disc Select Sect 1.04% 46,859 $8.6M Reduce -13.1%
ABT Abbott Laboratories 1.04% 75,808 $8.6M Add +7.9%
XOM Exxon Mobil Corp. 0.99% 70,774 $8.2M Add +3.2%
BLK BlackRock Finance Inc. 0.99% 9,829 $8.2M Add +2.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.95% 209,138 $7.9M Add +53.4%
JNJ Johnson & Johnson 0.86% 45,397 $7.2M Add +8.0%
FDX FedEx Corp. 0.83% 23,738 $6.9M Add +10.2%
KO The Coca-Cola Co. 0.82% 111,412 $6.8M Add +3.1%
GABC German American Bancorp 0.80% 192,421 $6.7M Add +0.6%
MS Morgan Stanley 0.80% 70,348 $6.6M Add +7.9%
COP Conocophillips 0.76% 49,393 $6.3M Add +1.7%
XLP SS Consumer Staples Sel Sect 0.72% 77,896 $5.9M Add +2.9%
IWS iShares Russell Mid-Cap Valu 0.71% 47,445 $5.9M Add +0.9%
NKE Nike Inc. Class B 0.70% 62,390 $5.9M Add +11.0%
HON Honeywell International Inc. 0.67% 27,087 $5.6M Add +3.7%
TMO Thermo Fisher Scientific Inc. 0.63% 9,028 $5.2M Add +13.8%
LEN Lennar Corp. Class A 0.61% 29,741 $5.1M Add +2.4%
SNPS Synopsys Inc. 0.60% 8,764 $5.0M New
GM General Motors Co. 0.58% 107,166 $4.9M Add +56.1%
CSCO Cisco Systems Inc. 0.58% 96,946 $4.8M Add +3.0%
ABBV Abbvie Inc. 0.53% 24,014 $4.4M Add +2.9%
CVS CVS Health Corp. 0.53% 54,823 $4.4M Add +17.0%
BA The Boeing Co. 0.51% 21,918 $4.2M Add +2.0%
PSX Phillips 66 0.51% 25,808 $4.2M Add +2.7%
DHR Danaher Corp. 0.50% 16,756 $4.2M Add +22.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.49% 33,105 $4.1M Add +27.8%
XLB SS Materials Select Sector 0.44% 39,776 $3.7M Add +10.2%
IWN iShares Russell 2000 Value E 0.42% 22,104 $3.5M Add +1.0%
PFE Pfizer Inc. 0.42% 125,284 $3.5M Add +42.1%
VYM Vanguard High DVD Yield ETF 0.35% 23,821 $2.9M No change
RTX RTX Corp. 0.31% 26,543 $2.6M Add +5.0%
SUB iShares Short-Term National 0.29% 23,318 $2.4M Add +2.5%
XLE SS Energy Select Sector 0.28% 24,736 $2.3M Add +8.7%
VCIT Vanguard Int-Term Corporate 0.28% 28,771 $2.3M Add +0.9%
XLC SS Comm Select Sector SPDR 0.22% 22,414 $1.8M Reduce -40.8%
LLY Eli Lilly & Co. 0.20% 2,148 $1.7M Reduce -0.3%
V Visa Inc. Class A 0.20% 5,923 $1.7M Reduce -3.4%
XLK SS Technology Select Sector 0.17% 6,604 $1.4M Reduce -35.2%
QQQ Invesco QQQ Trust Series 1 0.15% 2,884 $1.3M No change
HD Home Depot Inc. 0.15% 3,154 $1.2M Reduce -3.3%
XLF SS Financial Select Sector 0.14% 27,445 $1.2M Reduce -79.2%
SPDW Ste STR SPDR PT DW Eu ETF 0.14% 31,453 $1.1M No change
IVV iShares Core S&P 500 ETF 0.12% 1,857 $976K No change
EFA iShares MSCI Eafe ETF 0.10% 10,801 $863K No change
ADBE Adobe Inc. 0.10% 1,689 $852K Add +0.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 2,991 $747K Reduce -69.3%
DE Deere & Co. 0.08% 1,655 $680K Add +0.1%
SPTM SS SPDR P S&P 1500 Comp ETF 0.08% 10,525 $675K No change
ITOT iShares Core S&P Total U.S. 0.08% 5,780 $666K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.08% 6,418 $651K Reduce -2.4%
XLV SS Health Care Select Sector 0.08% 4,372 $646K Reduce -87.5%
MDY State Street SPDR S&P Midcap 0.08% 1,142 $636K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.08% 1,838 $633K Reduce -0.3%
CRH CRH PLC 0.06% 6,164 $532K No change
GOLDMAN SACHS GROUP INC 0.06% 1,195 $499K Reduce -9.5%
AMGN Amgen Inc. 0.06% 1,749 $497K Reduce -0.1%
ADP Automatic Data Processing 0.06% 1,967 $491K Reduce -0.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 2,979 $485K No change
IUSV iShares Core S&P U.S. Value 0.06% 5,336 $483K No change
GLD SPDR Gold Shares 0.06% 2,320 $477K Add +4.7%
AVGO Broadcom Inc. 0.06% 353 $468K Reduce -3.3%
AGG iShares Core U.S. Aggregate 0.05% 4,542 $445K Reduce -1.3%
CHD Church & Dwight Co. Inc. 0.05% 4,251 $443K No change
XLI SS Industrial Select Sector 0.05% 3,494 $440K Reduce -71.6%
VB Vanguard Most SM-Cap ETF-Usd 0.05% 1,910 $437K Reduce -79.9%
PEP Pepsico Inc. 0.05% 2,494 $436K Reduce -7.2%
MCD McDonald's Corp. 0.05% 1,530 $431K Reduce -6.1%
BSV Vanguard Short-Term Bond ETF 0.05% 5,623 $431K No change
IWF iShares Russell 1000 Growth 0.05% 1,235 $416K No change
BRK.B Berkshire Hathaway Inc. Class B 0.05% 955 $402K Reduce -22.0%
TXN Texas Instruments Inc. 0.04% 2,053 $358K Reduce -1.3%
VZ Verizon Communications Inc. 0.04% 8,016 $336K Reduce -4.2%
TT Trane Technologies PLC 0.04% 1,100 $330K No change
PNC PNC Financial Services Group 0.04% 1,956 $316K Add +0.7%
PM Philip Morris International 0.04% 3,443 $315K No change
CVX Chevron Corp. 0.04% 1,985 $313K Reduce -0.6%
WMT Walmart Inc. 0.04% 5,025 $302K Reduce -8.5%
QCOM Qualcomm Inc. 0.04% 1,778 $301K Add +1.9%
MMM 3M Co. 0.03% 2,729 $289K No change
STZ Constellation Brands Inc. Class A 0.03% 1,009 $274K Add +0.9%
ACN Accenture PLC Class A 0.03% 784 $272K Reduce -4.0%
VNQ Vanguard Real Estate ETF 0.03% 3,109 $269K No change
NEE Nextera Energy Inc. 0.03% 4,164 $266K No change
FTC First Trust Large Cap Growth 0.03% 2,000 $247K No change
USB US Bancorp 0.03% 5,466 $244K Add +1.2%
INTC Intel Corp. 0.03% 5,508 $243K Reduce -4.8%
SPEM State Street SP PTF Em ETF 0.03% 6,711 $243K No change
SYK Stryker Corp. 0.03% 645 $231K Reduce -4.6%
AGGM iShares 1-10 Year U.S. Aggre 0.03% 2,207 $229K No change
AEP American Electric Power 0.03% 2,547 $219K No change
PECO Phillips Edison & Company Inc. 0.03% 6,027 $216K Reduce -25.1%
TSLA Tesla Inc. 0.03% 1,225 $215K Reduce -30.2%
MDYV SS SPDR S&P 400 MC Val ETF 0.03% 2,823 $215K No change
LIN Linde PLC 0.03% 461 $214K Reduce -34.5%
UPS United Parcel Service Class B 0.03% 1,400 $208K No change
AMAT Applied Materials Inc. 0.02% 1,000 $206K New
AMD Advanced Micro Devices 0.02% 1,113 $201K New

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -12.9% 3.45% −1.42
XLV SS Health Care Select Sector Reduce -87.5% 0.08% −0.55
XLF SS Financial Select Sector Reduce -79.2% 0.14% −0.52
VXUS Vanguard Total Intl Stock Sold out 0.00% −0.50
XLY SS Consumer Disc Select Sect Reduce -13.1% 1.04% −0.23
VB Vanguard Most SM-Cap ETF-Usd Reduce -79.9% 0.05% −0.22
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -69.3% 0.09% −0.21
MUB iShares National Muni Bond E Reduce -2.9% 1.15% −0.16
XLC SS Comm Select Sector SPDR Reduce -40.8% 0.22% −0.14
XLI SS Industrial Select Sector Reduce -71.6% 0.05% −0.13
XLK SS Technology Select Sector Reduce -35.2% 0.17% −0.09
TSLA Tesla Inc. Reduce -30.2% 0.03% −0.03
SYBT Stock Yards Bancorp Inc. Sold out 0.00% −0.03
PECO Phillips Edison & Company Inc. Reduce -25.1% 0.03% −0.01
LIN Linde PLC Reduce -34.5% 0.03% −0.01
MCD McDonald's Corp. Reduce -6.1% 0.05% −0.01
V Visa Inc. Class A Reduce -3.4% 0.20% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -22.0% 0.05% −0.01
INTC Intel Corp. Reduce -4.8% 0.03% −0.01
PEP Pepsico Inc. Reduce -7.2% 0.05% −0.01
GOLDMAN SACHS GROUP INC Reduce -9.5% 0.06% −0.01
AGG iShares Core U.S. Aggregate Reduce -1.3% 0.05% −0.01
AMGN Amgen Inc. Reduce -0.1% 0.06% −0.01
ACN Accenture PLC Class A Reduce -4.0% 0.03% −0.01
TXN Texas Instruments Inc. Reduce -1.3% 0.04% −0.00
HD Home Depot Inc. Reduce -3.3% 0.15% −0.00
TJX TJX Companies Inc. Reduce -2.4% 0.08% −0.00
ADP Automatic Data Processing Reduce -0.8% 0.06% −0.00
WMT Walmart Inc. Reduce -8.5% 0.04% −0.00
CVX Chevron Corp. Reduce -0.6% 0.04% −0.00
VZ Verizon Communications Inc. Reduce -4.2% 0.04% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.3% 0.08% +0.00
SYK Stryker Corp. Reduce -4.6% 0.03% +0.00
AVGO Broadcom Inc. Reduce -3.3% 0.06% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.2% 5.91% +0.01
LLY Eli Lilly & Co. Reduce -0.3% 0.20% +0.04

Portfolio Buys Q4 2023 → Q1 2024
NVDA Nvidia Corp. Add +7.8% 2.56% +1.14
SNPS Synopsys Inc. New 0.60% +0.60
META Meta Platforms Inc. Class A Add +3.7% 1.90% +0.44
BAC Bank of America Corp. Add +53.4% 0.95% +0.35
IWR iShares Russell Mid-Cap ETF Add +5.2% 8.35% +0.31
MU Micron Technology Inc. Add +2.5% 1.26% +0.29
GM General Motors Co. Add +56.1% 0.58% +0.26
AMZN Amazon.com Inc. Add +2.5% 2.34% +0.23
MSFT Microsoft Corp. Add +2.9% 4.82% +0.23
ACWX iShares MSCI Acwi Ex US ETF Add +7.2% 9.35% +0.21
CAT Caterpillar Inc. Add +2.7% 1.32% +0.18
DIS The Walt Disney Co. Add +27.8% 0.49% +0.18
JPM JPMorgan Chase & Co. Add +2.1% 1.89% +0.17
ORCL Oracle Corp. Add +2.4% 1.41% +0.14
FDX FedEx Corp. Add +10.2% 0.83% +0.11
MA Mastercard Inc. Class A Add +2.3% 1.86% +0.10
DHR Danaher Corp. Add +22.4% 0.50% +0.09
XOM Exxon Mobil Corp. Add +3.2% 0.99% +0.09
PFE Pfizer Inc. Add +42.1% 0.42% +0.08
TMO Thermo Fisher Scientific Inc. Add +13.8% 0.63% +0.08
PSX Phillips 66 Add +2.7% 0.51% +0.07
IWM iShares Russell 2000 ETF Add +5.9% 4.69% +0.06
ABBV Abbvie Inc. Add +2.9% 0.53% +0.05
LEN Lennar Corp. Class A Add +2.4% 0.61% +0.04
PG The Procter & Gamble Co. Add +2.5% 1.20% +0.04
CVS CVS Health Corp. Add +17.0% 0.53% +0.04
XLB SS Materials Select Sector Add +10.2% 0.44% +0.04
COST Costco Wholesale Corp. Add +2.0% 1.10% +0.03
RTX RTX Corp. Add +5.0% 0.31% +0.03
XLE SS Energy Select Sector Add +8.7% 0.28% +0.03
AMAT Applied Materials Inc. New 0.02% +0.02
AMD Advanced Micro Devices New 0.02% +0.02
GOOGL Alphabet Inc. Class A Add +2.1% 3.33% +0.02
ABT Abbott Laboratories Add +7.9% 1.04% +0.02
COP Conocophillips Add +1.7% 0.76% +0.01
QCOM Qualcomm Inc. Add +1.9% 0.04% +0.00
IWD iShares Russell 1000 Value E Add +1.2% 4.19% +0.00
GLD SPDR Gold Shares Add +4.7% 0.06% +0.00
STZ Constellation Brands Inc. Class A Add +0.9% 0.03% +0.00
USB US Bancorp Add +1.2% 0.03% −0.00
PNC PNC Financial Services Group Add +0.7% 0.04% −0.00
XLP SS Consumer Staples Sel Sect Add +2.9% 0.72% −0.00
MS Morgan Stanley Add +7.9% 0.80% −0.00
JNJ Johnson & Johnson Add +8.0% 0.86% −0.00
DE Deere & Co. Add +0.1% 0.08% −0.01
IWS iShares Russell Mid-Cap Valu Add +0.9% 0.71% −0.01
GABC German American Bancorp Add +0.6% 0.80% −0.02
KO The Coca-Cola Co. Add +3.1% 0.82% −0.02
SUB iShares Short-Term National Add +2.5% 0.29% −0.02
IWN iShares Russell 2000 Value E Add +1.0% 0.42% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 156$1.3BACWX, IWR, GVI, IWM, MU
Q1 2026 148$1.2BACWX, GVI, IWR, IWM, GOOGL
Q4 2025 125$1.2BACWX, IWR, GVI, GOOGL, IWM
Q3 2025 125$1.1BACWX, IWR, GVI, MSFT, IWM
Q2 2025 128$1.0BACWX, GVI, IWR, MSFT, IWM
Q1 2025 122$930.2MGVI, ACWX, IWR, IWM, AAPL
Q4 2024 123$955.0MGVI, IWR, ACWX, AAPL, IWM
Q3 2024 128$944.8MACWX, GVI, IWR, IWM, MSFT
Q2 2024 126$870.7MGVI, ACWX, IWR, MSFT, IWM
Q1 2024 119$831.7MACWX, GVI, IWR, SPY, MSFT