German American Bancorp, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), German American Bancorp, Inc. reported 122 stock positions worth $930.2 million. Its top holding was iShares Intermediate Governm (GVI) at 9.5% of the portfolio, followed by iShares MSCI Acwi Ex US ETF (ACWX, 9.4%) and iShares Russell Mid-Cap ETF (IWR, 8.6%). Compared with Q4 2024, it opened 3 new positions, sold out of 4, added to 53 and reduced 44. The biggest buy was iShares MSCI Acwi Ex US ETF (ACWX, shares +1%) and the biggest sale Alphabet Class A (GOOGL, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- JASPER, IN
- CIK
- 0000714395
- Portfolio Value
- $930.2M (Q1 2025)
- SEC Filing
- 0000714395-25-000023 ↗ filed May 13, 2025
Holdings Value
Holdings 122 stocks · $930.2M
| GVI iShares Intermediate Governm | 9.47% | 830,788 | $88.1M | Add +2.4% |
| ACWX iShares MSCI Acwi Ex US ETF | 9.40% | 1,576,511 | $87.4M | Add +1.4% |
| IWR iShares Russell Mid-Cap ETF | 8.61% | 941,973 | $80.1M | Add +1.3% |
| IWM iShares Russell 2000 ETF | 4.59% | 214,193 | $42.7M | Add +2.0% |
| AAPL Apple Inc. | 4.45% | 186,557 | $41.4M | Add +0.0% |
| MSFT Microsoft Corp. | 4.31% | 106,702 | $40.1M | Add +2.1% |
| IVV iShares Core S&P 500 ETF | 3.34% | 55,295 | $31.1M | Add +0.9% |
| NVDA Nvidia Corp. | 3.07% | 263,777 | $28.6M | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 3.02% | 181,376 | $28.0M | Reduce -11.2% |
| AMZN Amazon.com Inc. | 2.99% | 146,099 | $27.8M | Add +21.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.79% | 46,370 | $25.9M | Add +0.1% |
| META Meta Platforms Inc. Class A | 2.38% | 38,377 | $22.1M | Add +2.2% |
| GABC German American Bancorp | 2.16% | 535,717 | $20.1M | Add +9.1% |
| MA Mastercard Inc. Class A | 2.13% | 36,206 | $19.8M | Add +1.0% |
| JPM JPMorgan Chase & Co. | 1.93% | 73,152 | $17.9M | Reduce -16.9% |
| UNH Unitedhealth Group Inc. | 1.42% | 25,249 | $13.2M | Reduce -9.4% |
| COST Costco Wholesale Corp. | 1.41% | 13,900 | $13.1M | Add +0.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.33% | 157,083 | $12.4M | Add +0.8% |
| ORCL Oracle Corp. | 1.33% | 88,513 | $12.4M | Reduce -14.7% |
| PG The Procter & Gamble Co. | 1.25% | 68,229 | $11.6M | Add +0.3% |
| ABT Abbott Laboratories | 1.23% | 85,941 | $11.4M | Add +0.6% |
| CAT Caterpillar Inc. | 1.19% | 33,692 | $11.1M | Add +0.9% |
| BLK BlackRock Inc. | 1.13% | 11,154 | $10.6M | Add +0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.12% | 249,645 | $10.4M | Add +2.1% |
| XOM Exxon Mobil Corp. | 1.04% | 81,013 | $9.6M | Add +1.4% |
| MS Morgan Stanley | 0.99% | 79,233 | $9.2M | Add +0.8% |
| KO The Coca-Cola Co. | 0.97% | 126,006 | $9.0M | Add +0.9% |
| MUB iShares National Muni Bond E | 0.94% | 82,824 | $8.7M | Reduce -20.4% |
| MU Micron Technology Inc. | 0.92% | 98,494 | $8.6M | Add +1.3% |
| AVGO Broadcom Inc. | 0.90% | 49,797 | $8.3M | Add +931.2% |
| LLY Eli Lilly & Co. | 0.87% | 9,808 | $8.1M | Add +36.4% |
| JNJ Johnson & Johnson | 0.85% | 47,776 | $7.9M | Add +4.5% |
| XLP SS Consumer Staples Sel Sect | 0.76% | 87,078 | $7.1M | Add +1.0% |
| CSCO Cisco Systems Inc. | 0.72% | 109,141 | $6.7M | Add +0.4% |
| HON Honeywell International Inc. | 0.72% | 31,686 | $6.7M | Add +0.6% |
| FDX FedEx Corp. | 0.71% | 27,046 | $6.6M | Add +2.4% |
| GM General Motors Co. | 0.65% | 128,728 | $6.1M | Add +1.5% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.64% | 33,297 | $6.0M | New |
| ABBV Abbvie Inc. | 0.62% | 27,683 | $5.8M | Reduce 0.0% |
| COP Conocophillips | 0.62% | 54,679 | $5.7M | Add +1.7% |
| XLY SS Consumer Disc Select Sect | 0.59% | 27,603 | $5.5M | Reduce -47.2% |
| TMO Thermo Fisher Scientific Inc. | 0.56% | 10,414 | $5.2M | Add +9.5% |
| SNPS Synopsys Inc. | 0.48% | 10,360 | $4.4M | Add +16.1% |
| NKE Nike Inc. Class B | 0.45% | 65,465 | $4.2M | Add +12.5% |
| RTX RTX Corp. | 0.43% | 30,336 | $4.0M | Add +1.5% |
| BA The Boeing Co. | 0.43% | 23,480 | $4.0M | Add +11.8% |
| XLB SS Materials Select Sector | 0.42% | 45,536 | $3.9M | Add +1.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.42% | 39,464 | $3.9M | Add +2.3% |
| DHR Danaher Corp. | 0.41% | 18,441 | $3.8M | Add +4.7% |
| LEN Lennar Corp. Class A | 0.40% | 32,777 | $3.8M | Add +0.9% |
| PSX Phillips 66 | 0.38% | 28,701 | $3.5M | Add +1.6% |
| ZTS Zoetis Inc. | 0.38% | 21,456 | $3.5M | Add +0.6% |
| PFE Pfizer Inc. | 0.36% | 132,229 | $3.4M | Add +23.8% |
| SUB iShares Short-Term National | 0.35% | 30,613 | $3.2M | Add +3.4% |
| VCIT Vanguard Int-Term Corporate | 0.34% | 38,512 | $3.1M | Reduce -11.5% |
| VYM Vanguard High DVD Yield ETF | 0.33% | 23,821 | $3.1M | Reduce -1.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 5,830 | $2.7M | Add +56.3% |
| V Visa Inc. Class A | 0.23% | 6,194 | $2.2M | Reduce -1.4% |
| XLC SS Comm Select Sector SPDR | 0.20% | 19,114 | $1.8M | Reduce -8.7% |
| XLK SS Technology Select Sector | 0.18% | 7,989 | $1.6M | Reduce -30.5% |
| IWD iShares Russell 1000 Value E | 0.13% | 6,513 | $1.2M | Reduce -53.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.12% | 31,453 | $1.1M | No change |
| XLF SS Financial Select Sector | 0.12% | 22,991 | $1.1M | Reduce -8.0% |
| HD Home Depot Inc. | 0.12% | 3,085 | $1.1M | Reduce -5.2% |
| EFA iShares MSCI Eafe ETF | 0.12% | 13,626 | $1.1M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.11% | 3,921 | $1.0M | Reduce -15.0% |
| KRE SS SPDR S&P Regional Bank | 0.11% | 17,200 | $978K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 1,577 | $840K | Add +45.8% |
| DE Deere & Co. | 0.08% | 1,644 | $772K | Add +0.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.08% | 6,067 | $739K | Reduce -1.6% |
| XLV SS Health Care Select Sector | 0.08% | 4,981 | $727K | Reduce -64.7% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.08% | 10,525 | $716K | No change |
| ITOT iShares Core S&P Total U.S. | 0.08% | 5,780 | $705K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.07% | 1,838 | $682K | No change |
| MDY State Street SPDR S&P Midcap | 0.07% | 1,242 | $663K | No change |
| GOLDMAN SACHS GROUP INC | 0.07% | 1,195 | $653K | No change |
| ADBE Adobe Inc. | 0.07% | 1,611 | $618K | Reduce -1.9% |
| ADP Automatic Data Processing | 0.06% | 1,940 | $593K | Reduce -0.1% |
| AMGN Amgen Inc. | 0.06% | 1,769 | $551K | Reduce -2.9% |
| CRH CRH PLC | 0.06% | 6,162 | $542K | Add +0.2% |
| IUSV iShares Core S&P U.S. Value | 0.06% | 5,868 | $542K | Add +10.0% |
| PM Philip Morris International | 0.06% | 3,381 | $537K | Reduce -8.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.06% | 2,363 | $524K | Reduce -17.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.06% | 2,979 | $515K | Reduce -6.3% |
| MCD McDonald's Corp. | 0.06% | 1,647 | $514K | Add +0.1% |
| TXN Texas Instruments Inc. | 0.06% | 2,860 | $514K | Add +0.7% |
| WMT Walmart Inc. | 0.06% | 5,851 | $514K | No change |
| VXUS Vanguard Total Intl Stock | 0.05% | 8,197 | $509K | Reduce -13.3% |
| GLD SPDR Gold Shares | 0.05% | 1,697 | $489K | No change |
| XLE SS Energy Select Sector | 0.05% | 5,224 | $488K | Reduce -81.2% |
| SPIB SS SPDR P Int C Corp. ETF | 0.05% | 14,068 | $468K | Reduce -39.9% |
| CHD Church & Dwight Co. Inc. | 0.05% | 4,136 | $455K | No change |
| IWF iShares Russell 1000 Growth | 0.05% | 1,235 | $446K | No change |
| BSV Vanguard Short-Term Bond ETF | 0.05% | 5,623 | $440K | No change |
| AGG iShares Core U.S. Aggregate | 0.05% | 4,339 | $429K | Reduce -4.5% |
| CVX Chevron Corp. | 0.05% | 2,520 | $422K | Reduce -14.2% |
| NEE Nextera Energy Inc. | 0.05% | 5,926 | $420K | Reduce -12.5% |
| AGGM iShares 1-10 Year U.S. Aggre | 0.04% | 3,937 | $410K | No change |
| MMM 3M Co. | 0.04% | 2,716 | $399K | Reduce -10.3% |
| TT Trane Technologies PLC | 0.04% | 1,100 | $371K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -11.2% | 3.02% | −1.03 |
| XLY SS Consumer Disc Select Sect | Reduce -47.2% | 0.59% | −0.64 |
| ORCL Oracle Corp. | Reduce -14.7% | 1.33% | −0.48 |
| JPM JPMorgan Chase & Co. | Reduce -16.9% | 1.93% | −0.28 |
| MUB iShares National Muni Bond E | Reduce -20.4% | 0.94% | −0.22 |
| XLE SS Energy Select Sector | Reduce -81.2% | 0.05% | −0.20 |
| IWD iShares Russell 1000 Value E | Reduce -53.3% | 0.13% | −0.14 |
| XLV SS Health Care Select Sector | Reduce -64.7% | 0.08% | −0.13 |
| XLK SS Technology Select Sector | Reduce -30.5% | 0.18% | −0.10 |
| UNH Unitedhealth Group Inc. | Reduce -9.4% | 1.42% | −0.05 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -39.9% | 0.05% | −0.03 |
| IWS iShares Russell Mid-Cap Valu | Sold out | 0.00% | −0.03 |
| XLI SS Industrial Select Sector | Reduce -42.5% | 0.04% | −0.03 |
| VCIT Vanguard Int-Term Corporate | Reduce -11.5% | 0.34% | −0.03 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.03 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.03 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Sold out | 0.00% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -15.0% | 0.11% | −0.02 |
| PEP Pepsico Inc. | Reduce -33.4% | 0.04% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -17.1% | 0.06% | −0.02 |
| XLC SS Comm Select Sector SPDR | Reduce -8.7% | 0.20% | −0.01 |
| ACN Accenture PLC Class A | Reduce -27.5% | 0.02% | −0.01 |
| HD Home Depot Inc. | Reduce -5.2% | 0.12% | −0.01 |
| ADBE Adobe Inc. | Reduce -1.9% | 0.07% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -12.5% | 0.05% | −0.01 |
| MSI Motorola Solutions Inc. | Reduce -14.2% | 0.02% | −0.00 |
| VNQ Vanguard Real Estate ETF | Reduce -18.9% | 0.02% | −0.00 |
| AXP American Express Co. | Reduce -8.4% | 0.02% | −0.00 |
| VXUS Vanguard Total Intl Stock | Reduce -13.3% | 0.05% | −0.00 |
| AEP American Electric Power | Reduce -28.1% | 0.02% | −0.00 |
| XLF SS Financial Select Sector | Reduce -8.0% | 0.12% | −0.00 |
| SYBT Stock Yards Bancorp Inc. | Reduce -6.7% | 0.03% | −0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -6.3% | 0.06% | −0.00 |
| LIN Linde PLC | Reduce -12.3% | 0.02% | 0.00 |
| AGG iShares Core U.S. Aggregate | Reduce -4.5% | 0.05% | +0.00 |
| CVX Chevron Corp. | Reduce -14.2% | 0.05% | +0.00 |
| MRSH Marsh & McLennan Cos | Reduce -11.8% | 0.03% | +0.00 |
| SYK Stryker Corp. | Reduce -1.3% | 0.03% | +0.00 |
| TJX TJX Companies Inc. | Reduce -1.6% | 0.08% | +0.00 |
| MMM 3M Co. | Reduce -10.3% | 0.04% | +0.00 |
| WM Waste Management Inc. | Reduce -8.3% | 0.03% | +0.00 |
| MO Altria Group Inc. | Reduce -3.5% | 0.02% | +0.00 |
| ADP Automatic Data Processing | Reduce -0.1% | 0.06% | +0.00 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.2% | 0.33% | +0.01 |
| AMGN Amgen Inc. | Reduce -2.9% | 0.06% | +0.01 |
| PM Philip Morris International | Reduce -8.2% | 0.06% | +0.01 |
| V Visa Inc. Class A | Reduce -1.4% | 0.23% | +0.03 |
| ABBV Abbvie Inc. | Reduce 0.0% | 0.62% | +0.11 |
Portfolio Buys Q4 2024 → Q1 2025
| ACWX iShares MSCI Acwi Ex US ETF | Add +1.4% | 9.40% | +0.90 |
| AVGO Broadcom Inc. | Add +931.2% | 0.90% | +0.78 |
| MTB M & T Bank Corp. | New | 0.64% | +0.64 |
| GVI iShares Intermediate Governm | Add +2.4% | 9.47% | +0.61 |
| LLY Eli Lilly & Co. | Add +36.4% | 0.87% | +0.29 |
| AMZN Amazon.com Inc. | Add +21.3% | 2.99% | +0.22 |
| ABT Abbott Laboratories | Add +0.6% | 1.23% | +0.21 |
| JNJ Johnson & Johnson | Add +4.5% | 0.85% | +0.16 |
| MA Mastercard Inc. Class A | Add +1.0% | 2.13% | +0.16 |
| KO The Coca-Cola Co. | Add +0.9% | 0.97% | +0.16 |
| XOM Exxon Mobil Corp. | Add +1.4% | 1.04% | +0.14 |
| KRE SS SPDR S&P Regional Bank | New | 0.11% | +0.11 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +0.8% | 1.33% | +0.10 |
| QQQ Invesco QQQ Trust Series 1 | Add +56.3% | 0.29% | +0.09 |
| GABC German American Bancorp | Add +9.1% | 2.16% | +0.09 |
| COST Costco Wholesale Corp. | Add +0.5% | 1.41% | +0.09 |
| META Meta Platforms Inc. Class A | Add +2.2% | 2.38% | +0.07 |
| RTX RTX Corp. | Add +1.5% | 0.43% | +0.07 |
| PFE Pfizer Inc. | Add +23.8% | 0.36% | +0.06 |
| MU Micron Technology Inc. | Add +1.3% | 0.92% | +0.06 |
| COP Conocophillips | Add +1.7% | 0.62% | +0.06 |
| PG The Procter & Gamble Co. | Add +0.3% | 1.25% | +0.06 |
| XLP SS Consumer Staples Sel Sect | Add +1.0% | 0.76% | +0.05 |
| CSCO Cisco Systems Inc. | Add +0.4% | 0.72% | +0.05 |
| PSX Phillips 66 | Add +1.6% | 0.38% | +0.04 |
| BA The Boeing Co. | Add +11.8% | 0.43% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +9.5% | 0.56% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +45.8% | 0.09% | +0.04 |
| XLB SS Materials Select Sector | Add +1.8% | 0.42% | +0.03 |
| SNPS Synopsys Inc. | Add +16.1% | 0.48% | +0.02 |
| ORLY O'reilly Automotive Inc. | New | 0.02% | +0.02 |
| SUB iShares Short-Term National | Add +3.4% | 0.35% | +0.02 |
| ZTS Zoetis Inc. | Add +0.6% | 0.38% | +0.02 |
| DE Deere & Co. | Add +0.2% | 0.08% | +0.01 |
| IWR iShares Russell Mid-Cap ETF | Add +1.3% | 8.61% | +0.01 |
| IUSV iShares Core S&P U.S. Value | Add +10.0% | 0.06% | +0.01 |
| MCD McDonald's Corp. | Add +0.1% | 0.06% | +0.01 |
| TXN Texas Instruments Inc. | Add +0.7% | 0.06% | −0.00 |
| CRH CRH PLC | Add +0.2% | 0.06% | −0.00 |
| BAC Bank of America Corp. | Add +2.1% | 1.12% | −0.00 |
| NKE Nike Inc. Class B | Add +12.5% | 0.45% | −0.01 |
| DHR Danaher Corp. | Add +4.7% | 0.41% | −0.02 |
| HON Honeywell International Inc. | Add +0.6% | 0.72% | −0.02 |
| DIS The Walt Disney Co. | Add +2.3% | 0.42% | −0.03 |
| IVV iShares Core S&P 500 ETF | Add +0.9% | 3.34% | −0.04 |
| MS Morgan Stanley | Add +0.8% | 0.99% | −0.04 |
| BLK BlackRock Inc. | Add +0.8% | 1.13% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.1% | 2.79% | −0.05 |
| GM General Motors Co. | Add +1.5% | 0.65% | −0.06 |
| LEN Lennar Corp. Class A | Add +0.9% | 0.40% | −0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 156 | $1.3B | ACWX, IWR, GVI, IWM, MU |
| Q1 2026 | 148 | $1.2B | ACWX, GVI, IWR, IWM, GOOGL |
| Q4 2025 | 125 | $1.2B | ACWX, IWR, GVI, GOOGL, IWM |
| Q3 2025 | 125 | $1.1B | ACWX, IWR, GVI, MSFT, IWM |
| Q2 2025 | 128 | $1.0B | ACWX, GVI, IWR, MSFT, IWM |
| Q1 2025 | 122 | $930.2M | GVI, ACWX, IWR, IWM, AAPL |
| Q4 2024 | 123 | $955.0M | GVI, IWR, ACWX, AAPL, IWM |
| Q3 2024 | 128 | $944.8M | ACWX, GVI, IWR, IWM, MSFT |
| Q2 2024 | 126 | $870.7M | GVI, ACWX, IWR, MSFT, IWM |
| Q1 2024 | 119 | $831.7M | ACWX, GVI, IWR, SPY, MSFT |