German American Bancorp, Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), German American Bancorp, Inc. reported 128 stock positions worth $944.8 million. Its top holding was iShares MSCI Acwi Ex US ETF (ACWX) at 9.3% of the portfolio, followed by iShares Intermediate Governm (GVI, 9.1%) and iShares Russell Mid-Cap ETF (IWR, 8.6%). Compared with Q2 2024, it opened 6 new positions, sold out of 4, added to 78 and reduced 21. The biggest buy was German American Bancorp (GABC, shares +160%) and the biggest sale iShares Russell 1000 Value E (IWD, shares −92%).

Most Recent 13F
Q2 2026
Location
JASPER, IN
CIK
0000714395
Portfolio Value
$944.8M (Q3 2024)
SEC Filing
0000714395-24-000053 ↗ filed Nov 8, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $831.7M Q1 2024 Q2 2024: $870.7M Q2 2024 Q3 2024: $944.8M $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 128 stocks · $944.8M
ACWX iShares MSCI Acwi Ex US ETF 9.31% 1,536,863 $87.9M Add +3.3%
GVI iShares Intermediate Governm 9.09% 802,218 $85.9M Add +4.6%
IWR iShares Russell Mid-Cap ETF 8.55% 916,584 $80.8M Add +9.2%
IWM iShares Russell 2000 ETF 4.84% 206,966 $45.7M Add +9.7%
MSFT Microsoft Corp. 4.73% 103,842 $44.7M Add +7.6%
AAPL Apple Inc. 4.53% 183,768 $42.8M Add +6.8%
GOOGL Alphabet Inc. Class A 3.55% 201,974 $33.5M Add +6.9%
NVDA Nvidia Corp. 3.29% 256,257 $31.1M Add +4.7%
IVV iShares Core S&P 500 ETF 3.26% 53,394 $30.8M Add +20.5%
SPY SS SPDR S&P 500 ETF Trust-US 2.85% 46,943 $26.9M Reduce -7.6%
AMZN Amazon.com Inc. 2.34% 118,403 $22.1M Add +5.2%
META Meta Platforms Inc. Class A 2.24% 36,895 $21.1M Add +9.3%
UNH Unitedhealth Group Inc. 2.11% 34,115 $19.9M Add +6.4%
GABC German American Bancorp 2.11% 514,018 $19.9M Add +160.1%
JPM JPMorgan Chase & Co. 1.93% 86,589 $18.3M Add +8.4%
ORCL Oracle Corp. 1.84% 102,217 $17.4M Add +7.3%
MA Mastercard Inc. Class A 1.84% 35,259 $17.4M Add +6.1%
CAT Caterpillar Inc. 1.36% 32,949 $12.9M Add +6.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.31% 153,610 $12.4M Add +7.4%
COST Costco Wholesale Corp. 1.28% 13,626 $12.1M Add +6.1%
PG The Procter & Gamble Co. 1.23% 67,064 $11.6M Add +7.0%
MUB iShares National Muni Bond E 1.12% 97,175 $10.6M Add +10.4%
BLK BlackRock Finance Inc. 1.10% 10,902 $10.4M Add +7.6%
MU Micron Technology Inc. 1.06% 96,994 $10.1M Add +7.3%
XLY SS Consumer Disc Select Sect 1.05% 49,368 $9.9M Add +5.6%
ABT Abbott Laboratories 1.02% 84,420 $9.6M Add +8.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.01% 240,031 $9.5M Add +10.3%
XOM Exxon Mobil Corp. 0.98% 78,648 $9.2M Add +9.0%
KO The Coca-Cola Co. 0.94% 123,131 $8.8M Add +7.7%
JNJ Johnson & Johnson 0.86% 50,275 $8.1M Add +7.7%
MS Morgan Stanley 0.85% 77,420 $8.1M Add +8.0%
FDX FedEx Corp. 0.76% 26,091 $7.1M Add +7.3%
XLP SS Consumer Staples Sel Sect 0.75% 84,908 $7.0M Add +7.6%
HON Honeywell International Inc. 0.68% 30,988 $6.4M Add +11.8%
TMO Thermo Fisher Scientific Inc. 0.67% 10,188 $6.3M Add +10.0%
NKE Nike Inc. Class B 0.65% 69,517 $6.1M Add +8.1%
LEN Lennar Corp. Class A 0.64% 32,190 $6.0M Add +6.6%
CSCO Cisco Systems Inc. 0.60% 107,204 $5.7M Add +9.2%
COP Conocophillips 0.60% 53,984 $5.7M Add +7.3%
GM General Motors Co. 0.59% 124,495 $5.6M Add +11.2%
ABBV Abbvie Inc. 0.57% 27,382 $5.4M Add +11.2%
SNPS Synopsys Inc. 0.56% 10,419 $5.3M Add +13.2%
DHR Danaher Corp. 0.55% 18,584 $5.2M Add +5.8%
XLB SS Materials Select Sector 0.45% 43,900 $4.2M Add +8.2%
ZTS Zoetis Inc. 0.44% 21,046 $4.1M Add +10.9%
PFE Pfizer Inc. 0.43% 141,435 $4.1M Add +9.6%
PSX Phillips 66 0.39% 28,257 $3.7M Add +7.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.39% 37,921 $3.6M Add +11.2%
BA The Boeing Co. 0.38% 23,877 $3.6M Add +7.0%
RTX RTX Corp. 0.38% 29,342 $3.6M Add +8.3%
VCIT Vanguard Int-Term Corporate 0.36% 40,926 $3.4M Add +15.8%
VYM Vanguard High DVD Yield ETF 0.33% 24,121 $3.1M Add +1.3%
SUB iShares Short-Term National 0.31% 27,702 $2.9M Add +19.7%
IWD iShares Russell 1000 Value E 0.31% 15,392 $2.9M Reduce -91.9%
XLE SS Energy Select Sector 0.24% 26,320 $2.3M Add +7.0%
LLY Eli Lilly & Co. 0.21% 2,284 $2.0M Add +1.6%
XLC SS Comm Select Sector SPDR 0.19% 20,146 $1.8M Reduce -10.1%
V Visa Inc. Class A 0.18% 6,276 $1.7M Add +2.1%
QQQ Invesco QQQ Trust Series 1 0.18% 3,528 $1.7M Add +13.7%
XLK SS Technology Select Sector 0.17% 7,059 $1.6M No change
HD Home Depot Inc. 0.14% 3,253 $1.3M Reduce -2.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.13% 4,656 $1.2M Add +30.0%
SPDW Ste STR SPDR PT DW Eu ETF 0.13% 31,453 $1.2M No change
XLF SS Financial Select Sector 0.12% 25,721 $1.2M Reduce -0.9%
EFA iShares MSCI Eafe ETF 0.11% 12,576 $1.1M No change
ADBE Adobe Inc. 0.09% 1,634 $846K Reduce -8.8%
AVGO Broadcom Inc. 0.09% 4,660 $804K Add +5.4%
SPIB SS SPDR P Int C Corp. ETF 0.08% 22,515 $759K Add +19.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.08% 6,317 $743K Reduce -3.9%
SPTM SS SPDR P S&P 1500 Comp ETF 0.08% 10,525 $737K No change
ITOT iShares Core S&P Total U.S. 0.08% 5,780 $726K No change
MDY State Street SPDR S&P Midcap 0.07% 1,242 $708K Add +8.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.07% 1,838 $706K No change
VB Vanguard Most SM-Cap ETF-Usd 0.07% 2,884 $684K Add +13.3%
DE Deere & Co. 0.07% 1,638 $684K Reduce -6.6%
XLV SS Health Care Select Sector 0.07% 4,052 $624K Add +10.9%
GOLDMAN SACHS GROUP INC 0.06% 1,195 $592K No change
PEP Pepsico Inc. 0.06% 3,455 $588K Add +24.8%
AMGN Amgen Inc. 0.06% 1,819 $586K Add +5.8%
TXN Texas Instruments Inc. 0.06% 2,819 $582K Add +37.3%
NEE Nextera Energy Inc. 0.06% 6,784 $573K Add +48.7%
CRH CRH PLC 0.06% 6,152 $571K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 3,179 $555K Add +6.7%
ADP Automatic Data Processing 0.06% 1,917 $530K No change
IUSV iShares Core S&P U.S. Value 0.05% 5,336 $510K No change
MCD McDonald's Corp. 0.05% 1,645 $501K Reduce -7.1%
CVX Chevron Corp. 0.05% 3,383 $498K Add +33.5%
BRK.B Berkshire Hathaway Inc. Class B 0.05% 1,052 $484K Add +0.7%
IWF iShares Russell 1000 Growth 0.05% 1,235 $464K No change
AGG iShares Core U.S. Aggregate 0.05% 4,542 $460K No change
PM Philip Morris International 0.05% 3,682 $447K Add +6.9%
WMT Walmart Inc. 0.05% 5,517 $445K Reduce -1.6%
BSV Vanguard Short-Term Bond ETF 0.05% 5,623 $442K No change
CHD Church & Dwight Co. Inc. 0.05% 4,126 $432K Reduce -1.8%
TT Trane Technologies PLC 0.05% 1,100 $428K No change
AGGM iShares 1-10 Year U.S. Aggre 0.04% 3,937 $421K Add +34.0%
MMM 3M Co. 0.04% 3,029 $414K Add +11.0%
GLD SPDR Gold Shares 0.04% 1,697 $412K Reduce -11.6%
VZ Verizon Communications Inc. 0.04% 8,387 $377K Add +4.6%
ACN Accenture PLC Class A 0.03% 927 $328K Add +5.3%
TSLA Tesla Inc. 0.03% 1,156 $302K Reduce -59.9%
XLI SS Industrial Select Sector 0.03% 2,221 $301K Add +5.0%
MRSH Marsh & McLennan Cos 0.03% 1,346 $300K Reduce -6.1%
IWS iShares Russell Mid-Cap Valu 0.03% 2,263 $299K Reduce -95.1%
AEP American Electric Power 0.03% 2,869 $294K Add +12.6%
VNQ Vanguard Real Estate ETF 0.03% 3,014 $294K Reduce -5.6%
QCOM Qualcomm Inc. 0.03% 1,719 $292K No change
STZ Constellation Brands Inc. Class A 0.03% 1,090 $281K Reduce -9.5%
PNC PNC Financial Services Group 0.03% 1,500 $277K Reduce -7.1%
SPEM State Street SP PTF Em ETF 0.03% 6,711 $277K No change
SYK Stryker Corp. 0.03% 758 $274K Add +6.6%
LIN Linde PLC 0.03% 564 $269K No change
IWN iShares Russell 2000 Value E 0.03% 1,609 $268K Reduce -92.6%
USB US Bancorp 0.03% 5,768 $264K No change
FTC First Trust Large Cap Growth 0.03% 2,000 $263K No change
MSI Motorola Solutions Inc. 0.03% 546 $245K Add +2.8%
AXP American Express Co. 0.03% 879 $238K Reduce -1.9%
SYBT Stock Yards Bancorp Inc. 0.02% 3,725 $231K New
WM Waste Management Inc. 0.02% 1,102 $229K No change
ALL Allstate Corp. 0.02% 1,185 $225K New
MDYV SS SPDR S&P 400 MC Val ETF 0.02% 2,823 $224K No change
MDLZ Mondelez International Inc. Class A 0.02% 2,940 $217K New
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.02% 642 $207K No change
FBIN Fortune Brands Innovations I 0.02% 2,300 $206K New
MRK Merck & Co. Inc. 0.02% 1,813 $206K New
ELV Elevance Health Inc. 0.02% 392 $204K Reduce -2.5%
MO Altria Group Inc. 0.02% 3,970 $203K New
AMAT Applied Materials Inc. 0.02% 1,000 $202K No change

Portfolio Sells Q2 2024 → Q3 2024
IWD iShares Russell 1000 Value E Reduce -91.9% 0.31% −3.51
IWS iShares Russell Mid-Cap Valu Reduce -95.1% 0.03% −0.61
IWN iShares Russell 2000 Value E Reduce -92.6% 0.03% −0.35
SPY SS SPDR S&P 500 ETF Trust-US Reduce -7.6% 2.85% −0.32
LRCX Lam Research Corp. Sold out 0.00% −0.11
TSLA Tesla Inc. Reduce -59.9% 0.03% −0.03
UNP Union Pacific Corp. Sold out 0.00% −0.03
XLC SS Comm Select Sector SPDR Reduce -10.1% 0.19% −0.03
ADBE Adobe Inc. Reduce -8.8% 0.09% −0.02
ORLY O'reilly Automotive Inc. Sold out 0.00% −0.02
ETN Eaton Corp. PLC Sold out 0.00% −0.02
STZ Constellation Brands Inc. Class A Reduce -9.5% 0.03% −0.01
TJX TJX Companies Inc. Reduce -3.9% 0.08% −0.00
CHD Church & Dwight Co. Inc. Reduce -1.8% 0.05% −0.00
GLD SPDR Gold Shares Reduce -11.6% 0.04% −0.00
ELV Elevance Health Inc. Reduce -2.5% 0.02% −0.00
DE Deere & Co. Reduce -6.6% 0.07% −0.00
MRSH Marsh & McLennan Cos Reduce -6.1% 0.03% −0.00
VNQ Vanguard Real Estate ETF Reduce -5.6% 0.03% +0.00
PNC PNC Financial Services Group Reduce -7.1% 0.03% +0.00
XLF SS Financial Select Sector Reduce -0.9% 0.12% +0.00
MCD McDonald's Corp. Reduce -7.1% 0.05% +0.00
AXP American Express Co. Reduce -1.9% 0.03% +0.00
WMT Walmart Inc. Reduce -1.6% 0.05% +0.00
HD Home Depot Inc. Reduce -2.1% 0.14% +0.01

Portfolio Buys Q2 2024 → Q3 2024
GABC German American Bancorp Add +160.1% 2.11% +1.31
IWR iShares Russell Mid-Cap ETF Add +9.2% 8.55% +0.74
IVV iShares Core S&P 500 ETF Add +20.5% 3.26% +0.47
IWM iShares Russell 2000 ETF Add +9.7% 4.84% +0.44
AAPL Apple Inc. Add +6.8% 4.53% +0.37
ORCL Oracle Corp. Add +7.3% 1.84% +0.30
META Meta Platforms Inc. Class A Add +9.3% 2.24% +0.28
UNH Unitedhealth Group Inc. Add +6.4% 2.11% +0.24
ACWX iShares MSCI Acwi Ex US ETF Add +3.3% 9.31% +0.23
XLU St Sr Utl SL SE SPDR ETF-Usd Add +7.4% 1.31% +0.19
CAT Caterpillar Inc. Add +6.8% 1.36% +0.18
BLK BlackRock Finance Inc. Add +7.6% 1.10% +0.18
MA Mastercard Inc. Class A Add +6.1% 1.84% +0.16
LEN Lennar Corp. Class A Add +6.6% 0.64% +0.12
KO The Coca-Cola Co. Add +7.7% 0.94% +0.10
NKE Nike Inc. Class B Add +8.1% 0.65% +0.09
ABBV Abbvie Inc. Add +11.2% 0.57% +0.09
ABT Abbott Laboratories Add +8.1% 1.02% +0.09
JNJ Johnson & Johnson Add +7.7% 0.86% +0.08
TMO Thermo Fisher Scientific Inc. Add +10.0% 0.67% +0.08
JPM JPMorgan Chase & Co. Add +8.4% 1.93% +0.08
CSCO Cisco Systems Inc. Add +9.2% 0.60% +0.07
XLY SS Consumer Disc Select Sect Add +5.6% 1.05% +0.07
RTX RTX Corp. Add +8.3% 0.38% +0.06
ZTS Zoetis Inc. Add +10.9% 0.44% +0.06
MS Morgan Stanley Add +8.0% 0.85% +0.05
XLP SS Consumer Staples Sel Sect Add +7.6% 0.75% +0.05
DHR Danaher Corp. Add +5.8% 0.55% +0.04
PG The Procter & Gamble Co. Add +7.0% 1.23% +0.04
MUB iShares National Muni Bond E Add +10.4% 1.12% +0.04
VCIT Vanguard Int-Term Corporate Add +15.8% 0.36% +0.04
XLB SS Materials Select Sector Add +8.2% 0.45% +0.04
SUB iShares Short-Term National Add +19.7% 0.31% +0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +30.0% 0.13% +0.03
COST Costco Wholesale Corp. Add +6.1% 1.28% +0.02
SYBT Stock Yards Bancorp Inc. New 0.02% +0.02
ALL Allstate Corp. New 0.02% +0.02
NEE Nextera Energy Inc. Add +48.7% 0.06% +0.02
MDLZ Mondelez International Inc. Class A New 0.02% +0.02
FBIN Fortune Brands Innovations I New 0.02% +0.02
MRK Merck & Co. Inc. New 0.02% +0.02
MO Altria Group Inc. New 0.02% +0.02
XOM Exxon Mobil Corp. Add +9.0% 0.98% +0.02
PFE Pfizer Inc. Add +9.6% 0.43% +0.02
TXN Texas Instruments Inc. Add +37.3% 0.06% +0.02
BAC Bank of America Corp. Add +10.3% 1.01% +0.01
MMM 3M Co. Add +11.0% 0.04% +0.01
QQQ Invesco QQQ Trust Series 1 Add +13.7% 0.18% +0.01
SPIB SS SPDR P Int C Corp. ETF Add +19.9% 0.08% +0.01
AGGM iShares 1-10 Year U.S. Aggre Add +34.0% 0.04% +0.01

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