German American Bancorp, Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), German American Bancorp, Inc. reported 123 stock positions worth $955.0 million. Its top holding was iShares Intermediate Governm (GVI) at 8.9% of the portfolio, followed by iShares Russell Mid-Cap ETF (IWR, 8.6%) and iShares MSCI Acwi Ex US ETF (ACWX, 8.5%). Compared with Q3 2024, it opened 1 new position, sold out of 6, added to 64 and reduced 29. The biggest buy was Alphabet Class A (GOOGL, shares +1%) and the biggest sale Unitedhealth (UNH, shares −18%).

Most Recent 13F
Q2 2026
Location
JASPER, IN
CIK
0000714395
Portfolio Value
$955.0M (Q4 2024)
SEC Filing
0000714395-25-000009 ↗ filed Feb 13, 2025

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 Q3 2024 Q4 2024: $955.0M $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 123 stocks · $955.0M
GVI iShares Intermediate Governm 8.86% 811,416 $84.6M Add +1.1%
IWR iShares Russell Mid-Cap ETF 8.61% 929,870 $82.2M Add +1.4%
ACWX iShares MSCI Acwi Ex US ETF 8.49% 1,555,236 $81.1M Add +1.2%
AAPL Apple Inc. 4.89% 186,555 $46.7M Add +1.5%
IWM iShares Russell 2000 ETF 4.86% 210,045 $46.4M Add +1.5%
MSFT Microsoft Corp. 4.61% 104,518 $44.1M Add +0.7%
GOOGL Alphabet Inc. Class A 4.05% 204,185 $38.7M Add +1.1%
NVDA Nvidia Corp. 3.67% 261,091 $35.1M Add +1.9%
IVV iShares Core S&P 500 ETF 3.38% 54,801 $32.3M Add +2.6%
SPY SS SPDR S&P 500 ETF Trust-US 2.84% 46,310 $27.1M Reduce -1.4%
AMZN Amazon.com Inc. 2.77% 120,438 $26.4M Add +1.7%
META Meta Platforms Inc. Class A 2.30% 37,565 $22.0M Add +1.8%
JPM JPMorgan Chase & Co. 2.21% 88,056 $21.1M Add +1.7%
GABC German American Bancorp 2.07% 491,007 $19.7M Reduce -4.5%
MA Mastercard Inc. Class A 1.98% 35,835 $18.9M Add +1.6%
ORCL Oracle Corp. 1.81% 103,761 $17.3M Add +1.5%
UNH Unitedhealth Group Inc. 1.48% 27,864 $14.1M Reduce -18.3%
COST Costco Wholesale Corp. 1.33% 13,834 $12.7M Add +1.5%
CAT Caterpillar Inc. 1.27% 33,396 $12.1M Add +1.4%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.24% 155,913 $11.8M Add +1.5%
XLY SS Consumer Disc Select Sect 1.23% 52,286 $11.7M Add +5.9%
PG The Procter & Gamble Co. 1.19% 68,000 $11.4M Add +1.4%
BLK BlackRock Inc. 1.19% 11,071 $11.3M Add +1.6%
MUB iShares National Muni Bond E 1.16% 104,034 $11.1M Add +7.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.12% 244,406 $10.7M Add +1.8%
MS Morgan Stanley 1.03% 78,600 $9.9M Add +1.5%
ABT Abbott Laboratories 1.01% 85,426 $9.7M Add +1.2%
XOM Exxon Mobil Corp. 0.90% 79,873 $8.6M Add +1.6%
MU Micron Technology Inc. 0.86% 97,206 $8.2M Add +0.2%
KO The Coca-Cola Co. 0.81% 124,848 $7.8M Add +1.4%
FDX FedEx Corp. 0.78% 26,417 $7.4M Add +1.3%
HON Honeywell International Inc. 0.74% 31,498 $7.1M Add +1.6%
XLP SS Consumer Staples Sel Sect 0.71% 86,237 $6.8M Add +1.6%
GM General Motors Co. 0.71% 126,788 $6.8M Add +1.8%
JNJ Johnson & Johnson 0.69% 45,714 $6.6M Reduce -9.1%
CSCO Cisco Systems Inc. 0.67% 108,660 $6.4M Add +1.4%
LLY Eli Lilly & Co. 0.58% 7,192 $5.6M Add +214.9%
COP Conocophillips 0.56% 53,787 $5.3M Reduce -0.4%
TMO Thermo Fisher Scientific Inc. 0.52% 9,508 $4.9M Reduce -6.7%
ABBV Abbvie Inc. 0.52% 27,684 $4.9M Add +1.1%
LEN Lennar Corp. Class A 0.46% 32,496 $4.4M Add +0.9%
NKE Nike Inc. Class B 0.46% 58,212 $4.4M Reduce -16.3%
SNPS Synopsys Inc. 0.45% 8,924 $4.3M Reduce -14.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.45% 38,588 $4.3M Add +1.8%
DHR Danaher Corp. 0.42% 17,617 $4.0M Reduce -5.2%
XLB SS Materials Select Sector 0.39% 44,734 $3.8M Add +1.9%
BA The Boeing Co. 0.39% 21,000 $3.7M Reduce -12.1%
VCIT Vanguard Int-Term Corporate 0.37% 43,515 $3.5M Add +6.3%
ZTS Zoetis Inc. 0.36% 21,322 $3.5M Add +1.3%
RTX RTX Corp. 0.36% 29,890 $3.5M Add +1.9%
PSX Phillips 66 0.34% 28,254 $3.2M Reduce -0.0%
SUB iShares Short-Term National 0.33% 29,603 $3.1M Add +6.9%
VYM Vanguard High DVD Yield ETF 0.32% 24,121 $3.1M No change
PFE Pfizer Inc. 0.30% 106,788 $2.8M Reduce -24.5%
XLK SS Technology Select Sector 0.28% 11,497 $2.7M Add +62.9%
IWD iShares Russell 1000 Value E 0.27% 13,957 $2.6M Reduce -9.3%
XLE SS Energy Select Sector 0.25% 27,845 $2.4M Add +5.8%
XLC SS Comm Select Sector SPDR 0.21% 20,944 $2.0M Add +4.0%
V Visa Inc. Class A 0.21% 6,282 $2.0M Add +0.1%
XLV SS Health Care Select Sector 0.20% 14,124 $1.9M Add +248.6%
QQQ Invesco QQQ Trust Series 1 0.20% 3,730 $1.9M Add +5.7%
HD Home Depot Inc. 0.13% 3,255 $1.3M Add +0.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.13% 4,611 $1.2M Reduce -1.0%
XLF SS Financial Select Sector 0.13% 24,991 $1.2M Reduce -2.8%
AVGO Broadcom Inc. 0.12% 4,829 $1.1M Add +3.6%
SPDW Ste STR SPDR PT DW Eu ETF 0.11% 31,453 $1.1M No change
EFA iShares MSCI Eafe ETF 0.11% 13,626 $1.0M Add +8.3%
SPIB SS SPDR P Int C Corp. ETF 0.08% 23,410 $767K Add +4.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.08% 1,838 $754K No change
SPTM SS SPDR P S&P 1500 Comp ETF 0.08% 10,525 $752K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.08% 6,167 $745K Reduce -2.4%
ITOT iShares Core S&P Total U.S. 0.08% 5,780 $743K No change
ADBE Adobe Inc. 0.08% 1,643 $731K Add +0.6%
MDY State Street SPDR S&P Midcap 0.07% 1,242 $708K No change
DE Deere & Co. 0.07% 1,641 $695K Add +0.2%
VB Vanguard Most SM-Cap ETF-Usd 0.07% 2,849 $685K Reduce -1.2%
GOLDMAN SACHS GROUP INC 0.07% 1,195 $684K No change
XLI SS Industrial Select Sector 0.07% 4,864 $641K Add +119.0%
CRH CRH PLC 0.06% 6,152 $569K No change
ADP Automatic Data Processing 0.06% 1,942 $568K Add +1.3%
VXUS Vanguard Total Intl Stock 0.06% 9,449 $557K New
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 3,179 $538K No change
TXN Texas Instruments Inc. 0.06% 2,840 $533K Add +0.7%
WMT Walmart Inc. 0.06% 5,851 $529K Add +6.0%
PEP Pepsico Inc. 0.05% 3,431 $522K Reduce -0.7%
IWF iShares Russell 1000 Growth 0.05% 1,235 $496K No change
IUSV iShares Core S&P U.S. Value 0.05% 5,336 $494K No change
BRK.B Berkshire Hathaway Inc. Class B 0.05% 1,082 $490K Add +2.9%
NEE Nextera Energy Inc. 0.05% 6,776 $486K Reduce -0.1%
MCD McDonald's Corp. 0.05% 1,645 $477K No change
AMGN Amgen Inc. 0.05% 1,821 $475K Add +0.1%
PM Philip Morris International 0.05% 3,682 $443K No change
AGG iShares Core U.S. Aggregate 0.05% 4,542 $440K No change
BSV Vanguard Short-Term Bond ETF 0.05% 5,623 $434K No change
CHD Church & Dwight Co. Inc. 0.05% 4,136 $433K Add +0.2%
CVX Chevron Corp. 0.04% 2,937 $425K Reduce -13.2%
GLD SPDR Gold Shares 0.04% 1,697 $411K No change
TT Trane Technologies PLC 0.04% 1,100 $406K No change
AGGM iShares 1-10 Year U.S. Aggre 0.04% 3,937 $402K No change
MMM 3M Co. 0.04% 3,029 $391K No change

Show all 123 holdings

Portfolio Sells Q3 2024 → Q4 2024
UNH Unitedhealth Group Inc. Reduce -18.3% 1.48% −0.64
NKE Nike Inc. Class B Reduce -16.3% 0.46% −0.19
JNJ Johnson & Johnson Reduce -9.1% 0.69% −0.17
TMO Thermo Fisher Scientific Inc. Reduce -6.7% 0.52% −0.15
PFE Pfizer Inc. Reduce -24.5% 0.30% −0.14
DHR Danaher Corp. Reduce -5.2% 0.42% −0.12
SNPS Synopsys Inc. Reduce -14.3% 0.45% −0.10
PSX Phillips 66 Reduce -0.0% 0.34% −0.06
COP Conocophillips Reduce -0.4% 0.56% −0.04
GABC German American Bancorp Reduce -4.5% 2.07% −0.04
IWD iShares Russell 1000 Value E Reduce -9.3% 0.27% −0.04
TSLA Tesla Inc. Sold out 0.00% −0.03
MDLZ Mondelez International Inc. Class A Sold out 0.00% −0.02
FBIN Fortune Brands Innovations I Sold out 0.00% −0.02
MRK Merck & Co. Inc. Sold out 0.00% −0.02
ELV Elevance Health Inc. Sold out 0.00% −0.02
AMAT Applied Materials Inc. Sold out 0.00% −0.02
NEE Nextera Energy Inc. Reduce -0.1% 0.05% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.4% 2.84% −0.01
CVX Chevron Corp. Reduce -13.2% 0.04% −0.01
PEP Pepsico Inc. Reduce -0.7% 0.05% −0.01
VZ Verizon Communications Inc. Reduce -4.0% 0.03% −0.01
LIN Linde PLC Reduce -1.6% 0.02% −0.00
VNQ Vanguard Real Estate ETF Reduce -3.3% 0.03% −0.00
IWS iShares Russell Mid-Cap Valu Reduce -8.8% 0.03% −0.00
MRSH Marsh & McLennan Cos Reduce -5.4% 0.03% −0.00
IWN iShares Russell 2000 Value E Reduce -8.5% 0.03% −0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.0% 0.13% −0.00
ACN Accenture PLC Class A Reduce -1.8% 0.03% −0.00
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.2% 0.07% −0.00
SYK Stryker Corp. Reduce -0.5% 0.03% −0.00
TJX TJX Companies Inc. Reduce -2.4% 0.08% −0.00
MSI Motorola Solutions Inc. Reduce -1.8% 0.03% 0.00
XLF SS Financial Select Sector Reduce -2.8% 0.13% +0.00
BA The Boeing Co. Reduce -12.1% 0.39% +0.01

Portfolio Buys Q3 2024 → Q4 2024
GOOGL Alphabet Inc. Class A Add +1.1% 4.05% +0.50
AMZN Amazon.com Inc. Add +1.7% 2.77% +0.43
NVDA Nvidia Corp. Add +1.9% 3.67% +0.38
LLY Eli Lilly & Co. Add +214.9% 0.58% +0.37
AAPL Apple Inc. Add +1.5% 4.89% +0.36
JPM JPMorgan Chase & Co. Add +1.7% 2.21% +0.28
XLY SS Consumer Disc Select Sect Add +5.9% 1.23% +0.18
MS Morgan Stanley Add +1.5% 1.03% +0.18
XLV SS Health Care Select Sector Add +248.6% 0.20% +0.14
MA Mastercard Inc. Class A Add +1.6% 1.98% +0.13
IVV iShares Core S&P 500 ETF Add +2.6% 3.38% +0.12
BAC Bank of America Corp. Add +1.8% 1.12% +0.12
GM General Motors Co. Add +1.8% 0.71% +0.12
XLK SS Technology Select Sector Add +62.9% 0.28% +0.11
BLK BlackRock Inc. Add +1.6% 1.19% +0.09
CSCO Cisco Systems Inc. Add +1.4% 0.67% +0.07
META Meta Platforms Inc. Class A Add +1.8% 2.30% +0.07
HON Honeywell International Inc. Add +1.6% 0.74% +0.07
DIS The Walt Disney Co. Add +1.8% 0.45% +0.06
VXUS Vanguard Total Intl Stock New 0.06% +0.06
IWR iShares Russell Mid-Cap ETF Add +1.4% 8.61% +0.06
COST Costco Wholesale Corp. Add +1.5% 1.33% +0.05
MUB iShares National Muni Bond E Add +7.1% 1.16% +0.04
XLI SS Industrial Select Sector Add +119.0% 0.07% +0.04
AVGO Broadcom Inc. Add +3.6% 0.12% +0.03
V Visa Inc. Class A Add +0.1% 0.21% +0.03
FDX FedEx Corp. Add +1.3% 0.78% +0.02
IWM iShares Russell 2000 ETF Add +1.5% 4.86% +0.02
XLC SS Comm Select Sector SPDR Add +4.0% 0.21% +0.02
QQQ Invesco QQQ Trust Series 1 Add +5.7% 0.20% +0.02
SUB iShares Short-Term National Add +6.9% 0.33% +0.02
WMT Walmart Inc. Add +6.0% 0.06% +0.01
XLE SS Energy Select Sector Add +5.8% 0.25% +0.01
ADP Automatic Data Processing Add +1.3% 0.06% +0.00
VCIT Vanguard Int-Term Corporate Add +6.3% 0.37% +0.00
AXP American Express Co. Add +0.3% 0.03% +0.00
PNC PNC Financial Services Group Add +1.5% 0.03% +0.00
DE Deere & Co. Add +0.2% 0.07% +0.00
BRK.B Berkshire Hathaway Inc. Class B Add +2.9% 0.05% +0.00
SPIB SS SPDR P Int C Corp. ETF Add +4.0% 0.08% 0.00
CHD Church & Dwight Co. Inc. Add +0.2% 0.05% −0.00
QCOM Qualcomm Inc. Add +0.7% 0.03% −0.00
EFA iShares MSCI Eafe ETF Add +8.3% 0.11% −0.00
STZ Constellation Brands Inc. Class A Add +0.1% 0.03% −0.00
TXN Texas Instruments Inc. Add +0.7% 0.06% −0.01
HD Home Depot Inc. Add +0.1% 0.13% −0.01
ABT Abbott Laboratories Add +1.2% 1.01% −0.01
AMGN Amgen Inc. Add +0.1% 0.05% −0.01
ADBE Adobe Inc. Add +0.6% 0.08% −0.01
RTX RTX Corp. Add +1.9% 0.36% −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