German American Bancorp, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), German American Bancorp, Inc. reported 148 stock positions worth $1.2 billion. Its top holding was iShares MSCI Acwi Ex US ETF (ACWX) at 9.9% of the portfolio, followed by iShares Intermediate Governm (GVI, 8.1%) and iShares Russell Mid-Cap ETF (IWR, 8.0%). Compared with Q4 2025, it opened 27 new positions, sold out of 4, added to 50 and reduced 44. The biggest buy was iShares MSCI Acwi Ex US ETF (ACWX, shares +4%) and the biggest sale Alphabet Class A (GOOGL, shares −4%).

Most Recent 13F
Q2 2026
Location
JASPER, IN
CIK
0000714395
Portfolio Value
$1.2B (Q1 2026)
SEC Filing
0000714395-26-000025 ↗ filed May 6, 2026

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 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 $1.2B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 148 stocks · $1.2B
ACWX iShares MSCI Acwi Ex US ETF 9.88% 1,677,698 $114.9M Add +4.1%
GVI iShares Intermediate Governm 8.13% 886,374 $94.6M Add +3.7%
IWR iShares Russell Mid-Cap ETF 8.04% 961,460 $93.5M Add +0.3%
IWM iShares Russell 2000 ETF 4.65% 218,117 $54.1M Add +0.3%
GOOGL Alphabet Inc. Class A 4.05% 163,740 $47.1M Reduce -4.5%
AAPL Apple Inc. 4.05% 185,524 $47.1M Reduce -0.3%
NVDA Nvidia Corp. 4.04% 269,667 $47.0M Reduce -1.8%
MSFT Microsoft Corp. 3.55% 111,628 $41.3M Add +2.8%
GABC German American Bancorp 3.47% 966,872 $40.4M Add +1.3%
IVV iShares Core S&P 500 ETF 3.17% 56,439 $36.9M Reduce -8.0%
AMZN Amazon.com Inc. 2.71% 151,064 $31.5M Add +1.1%
SPY SS SPDR S&P 500 ETF Trust-US 2.42% 43,200 $28.1M Reduce -1.6%
MU Micron Technology Inc. 2.01% 69,122 $23.4M Reduce -12.5%
META Meta Platforms Inc. Class A 1.93% 39,285 $22.5M Add +1.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.87% 473,533 $21.7M Add +6.5%
AVGO Broadcom Inc. 1.52% 57,240 $17.7M Add +4.1%
JPM JPMorgan Chase & Co. 1.45% 57,193 $16.8M Reduce -0.9%
MUB iShares National Muni Bond E 1.22% 133,184 $14.1M Reduce -4.0%
COST Costco Wholesale Corp. 1.19% 13,928 $13.9M Add +0.6%
LLY Eli Lilly & Co. 1.19% 15,053 $13.8M Add +1.0%
CAT Caterpillar Inc. 1.19% 19,525 $13.8M Reduce -0.3%
MA Mastercard Inc. Class A 1.16% 27,072 $13.5M Reduce -1.0%
RTX RTX Corp. 1.16% 69,748 $13.5M Reduce -0.2%
MS Morgan Stanley 1.14% 80,737 $13.3M Add +0.1%
XOM Exxon Mobil Corp. 1.13% 77,781 $13.2M Reduce -5.7%
ORCL Oracle Corp. 1.11% 87,502 $12.9M Add +1.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.07% 254,309 $12.4M Reduce -0.1%
JNJ Johnson & Johnson 1.04% 49,461 $12.1M Add +1.4%
BRK.B Berkshire Hathaway Inc. Class B 0.99% 24,076 $11.5M Add +7.3%
BLK BlackRock Inc. 0.94% 11,342 $10.9M Add +0.8%
KO The Coca-Cola Co. 0.85% 129,905 $9.9M Reduce -0.0%
PG The Procter & Gamble Co. 0.85% 68,275 $9.9M Add +2.7%
GM General Motors Co. 0.84% 131,448 $9.8M Add +0.2%
FDX FedEx Corp. 0.83% 27,170 $9.7M Add +1.0%
WMT Walmart Inc. 0.79% 73,616 $9.1M Add +0.7%
ABT Abbott Laboratories 0.77% 87,627 $9.0M Reduce -0.2%
CSCO Cisco Systems Inc. 0.75% 111,792 $8.7M Reduce -0.1%
MTB M & T Bank Corp. filed as M & T BK CORP 0.64% 35,827 $7.4M Add +1.0%
NOC Northrop Grumman Corp. 0.63% 10,688 $7.3M Add +89.7%
HON Honeywell International Inc. 0.62% 32,098 $7.3M Add +0.6%
COP Conocophillips 0.58% 51,061 $6.7M Reduce -6.0%
UNH Unitedhealth Group Inc. 0.57% 24,354 $6.6M Add +6.2%
ABBV Abbvie Inc. 0.53% 28,574 $6.2M Reduce -0.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.48% 34,629 $5.5M Add +1.3%
XLY SS Consumer Disc Select Sect 0.46% 48,716 $5.3M Reduce -4.6%
TMO Thermo Fisher Scientific Inc. 0.44% 10,375 $5.1M Add +1.0%
BA The Boeing Co. 0.42% 24,472 $4.9M Add +0.7%
PSX Phillips 66 0.41% 26,031 $4.7M Reduce -8.7%
SNPS Synopsys Inc. 0.34% 10,006 $4.0M Add +8.3%
PFE Pfizer Inc. 0.34% 140,836 $4.0M Add +9.6%
SUB iShares Short-Term National 0.34% 36,771 $3.9M Reduce -2.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.33% 39,946 $3.8M Add +1.0%
VYM Vanguard High DVD Yield ETF 0.30% 23,821 $3.5M No change
DHR Danaher Corp. 0.30% 18,603 $3.5M Add +0.9%
NKE Nike Inc. Class B 0.30% 66,428 $3.5M Add +8.5%
VCIT Vanguard Int-Term Corporate 0.27% 37,543 $3.1M Reduce -7.0%
ZTS Zoetis Inc. 0.21% 20,291 $2.4M Add +8.1%
QQQ Invesco QQQ Trust Series 1 0.18% 3,571 $2.1M Reduce -16.1%
XLK SS Technology Select Sector 0.17% 15,036 $2.0M Reduce -0.5%
V Visa Inc. Class A 0.17% 6,413 $1.9M Add +3.4%
XLC SS Comm Select Sector SPDR 0.16% 16,898 $1.9M Reduce -3.1%
VTI VG Morningstar TS MKT ETF-US 0.14% 5,170 $1.7M New
AMGN Amgen Inc. 0.13% 4,304 $1.5M Add +142.9%
SPDW Ste STR SPDR PT DW Eu ETF 0.12% 31,453 $1.4M No change
CRM Salesforce Inc. 0.12% 7,455 $1.4M New
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 3,595 $1.0M Reduce -1.1%
GOLDMAN SACHS GROUP INC 0.09% 1,175 $994K Reduce -1.5%
HD Home Depot Inc. 0.08% 2,971 $977K Reduce -5.3%
XLF SS Financial Select Sector 0.08% 19,690 $972K Reduce -2.9%
DE Deere & Co. 0.08% 1,618 $911K No change
IWD iShares Russell 1000 Value E 0.08% 4,257 $910K Reduce -6.6%
EFA iShares MSCI Eafe ETF 0.08% 9,147 $888K Reduce -20.4%
SPTM SS SPDR P S&P 1500 Comp ETF 0.07% 10,525 $832K No change
MDY State Street SPDR S&P Midcap 0.07% 1,242 $766K No change
ASTS Ast Spacemobile Inc. 0.06% 8,769 $727K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.06% 1,648 $720K No change
CVX Chevron Corp. 0.06% 3,370 $697K Add +18.9%
TXN Texas Instruments Inc. 0.06% 3,424 $665K Add +22.0%
CRH CRH PLC 0.06% 6,118 $643K Reduce -0.2%
VB Vanguard Most SM-Cap ETF-Usd 0.05% 2,417 $633K Add +3.8%
ITOT iShares Core S&P Total U.S. 0.05% 4,420 $630K No change
AGG iShares Core U.S. Aggregate 0.05% 6,288 $624K Add +58.5%
MCD McDonald's Corp. 0.05% 1,982 $616K Reduce -0.8%
VXUS Vanguard Total Intl Stock 0.05% 7,844 $605K No change
IUSV iShares Core S&P U.S. Value 0.05% 5,792 $592K No change
PM Philip Morris International 0.05% 3,581 $592K No change
NEE Nextera Energy Inc. 0.05% 6,344 $589K Reduce -2.6%
XLV SS Health Care Select Sector 0.05% 3,845 $564K Reduce -9.7%
GLD SPDR Gold Shares 0.05% 1,297 $558K No change
AMD Advanced Micro Devices 0.05% 2,663 $542K New
IWF iShares Russell 1000 Growth 0.05% 1,235 $527K No change
VZ Verizon Communications Inc. 0.05% 10,467 $525K Add +102.0%
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 2,669 $524K No change
MO Altria Group Inc. 0.04% 7,046 $465K Add +60.7%
TT Trane Technologies PLC 0.04% 1,100 $458K No change
SPIB SS SPDR P Int C Corp. ETF 0.04% 13,503 $453K Add +25.6%
ADBE Adobe Inc. 0.04% 1,848 $449K Add +15.7%
BSV Vanguard Short-Term Bond ETF 0.04% 5,623 $441K No change
MRK Merck & Co. Inc. 0.04% 3,581 $431K New
T AT&T Inc. 0.04% 14,606 $423K New
XLP SS Consumer Staples Sel Sect 0.04% 5,065 $415K Reduce -16.2%
XLB SS Materials Select Sector 0.04% 8,260 $413K No change
AGGM iShares 1-10 Year U.S. Aggre 0.04% 3,937 $410K No change
AEP American Electric Power 0.04% 3,122 $409K Add +40.6%
ADP Automatic Data Processing 0.03% 1,995 $405K Reduce -5.3%
CHD Church & Dwight Co. Inc. 0.03% 4,126 $385K No change
PEP Pepsico Inc. 0.03% 2,421 $376K Add +1.9%
TFC Truist Financial Corp. 0.03% 8,047 $370K New
CVS CVS Health Corp. 0.03% 4,975 $357K New
APA Apa Corp. 0.03% 8,365 $355K New
INTC Intel Corp. 0.03% 7,927 $350K New
BMY Bristol-Myers Squibb Co. 0.03% 5,711 $346K New
KLAC KLA Corp. 0.03% 235 $346K New
AMAT Applied Materials Inc. 0.03% 1,000 $342K No change
TSM Taiwan Semiconductor-SP ADR 0.03% 962 $325K New
QCOM Qualcomm Inc. 0.03% 2,499 $322K Add +50.6%
PNC PNC Financial Services Group 0.03% 1,530 $318K Add +2.0%
ALLY Ally Financial Inc. 0.03% 8,111 $318K New
VEU Vanguard Ftse All-World Ex-U 0.03% 4,233 $318K New
USB US Bancorp 0.03% 6,095 $317K Add +3.3%
TGT Target Corp. 0.03% 2,603 $315K New
SPEM State Street SP PTF Em ETF 0.03% 6,711 $315K No change
FTC First Trust Large Cap Growth 0.03% 2,000 $308K No change
CTRA Coterra Energy Inc. 0.03% 8,485 $298K New
XLI SS Industrial Select Sector 0.02% 1,742 $282K Reduce -1.8%
TSN Tyson Foods Inc. Class A 0.02% 4,397 $282K New
GE General Electric filed as GE AEROSPACE 0.02% 940 $267K Reduce -16.6%
DG Dollar General Corp. 0.02% 2,198 $261K New
LMT Lockheed Martin Corp. 0.02% 419 $253K New
CNH CNH Industrial NV 0.02% 23,010 $253K New
ALL Allstate Corp. 0.02% 1,185 $246K No change
AXP American Express Co. 0.02% 805 $243K Reduce -8.6%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.02% 642 $236K No change
WM Waste Management Inc. 0.02% 1,012 $233K Reduce -6.5%
CMI Cummins Inc. 0.02% 425 $229K No change
VNQ Vanguard Real Estate ETF 0.02% 2,564 $227K Add +8.5%
ITW Illinois Tool Works 0.02% 866 $225K No change
LEN Lennar Corp. Class A 0.02% 2,571 $223K Reduce -5.9%
KR Kroger Co. 0.02% 3,075 $223K New
F Ford Motor Co. filed as FORD MTR CO 0.02% 19,019 $219K New
MDYV SS SPDR S&P 400 MC Val ETF 0.02% 2,567 $219K No change
ES Eversource Energy 0.02% 3,081 $213K New
FITB Fifth Third Bancorp 0.02% 4,587 $213K New
KMI Kinder Morgan Inc. 0.02% 6,321 $212K New
LIN Linde PLC 0.02% 424 $210K Reduce -10.6%
SYK Stryker Corp. 0.02% 635 $209K Reduce -13.6%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.02% 154 $203K New
WU Western Union Co. 0.02% 21,038 $184K New

Portfolio Sells Q4 2025 → Q1 2026
GOOGL Alphabet Inc. Class A Reduce -4.5% 4.05% −0.52
IVV iShares Core S&P 500 ETF Reduce -8.0% 3.17% −0.41
NVDA Nvidia Corp. Reduce -1.8% 4.04% −0.32
AAPL Apple Inc. Reduce -0.3% 4.05% −0.26
MA Mastercard Inc. Class A Reduce -1.0% 1.16% −0.17
ABT Abbott Laboratories Reduce -0.2% 0.77% −0.16
JPM JPMorgan Chase & Co. Reduce -0.9% 1.45% −0.14
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.6% 2.42% −0.13
BAC Bank of America Corp. Reduce -0.1% 1.07% −0.13
XLY SS Consumer Disc Select Sect Reduce -4.6% 0.46% −0.06
MUB iShares National Muni Bond E Reduce -4.0% 1.22% −0.05
QQQ Invesco QQQ Trust Series 1 Reduce -16.1% 0.18% −0.05
TSLA Tesla Inc. Sold out 0.00% −0.04
MMM 3M Co. Sold out 0.00% −0.03
VOOV Vanguard S&P 500 Value ETF Sold out 0.00% −0.02
ABBV Abbvie Inc. Reduce -0.2% 0.53% −0.02
VCIT Vanguard Int-Term Corporate Reduce -7.0% 0.27% −0.02
OEF iShares S&P 100 ETF Sold out 0.00% −0.02
EFA iShares MSCI Eafe ETF Reduce -20.4% 0.08% −0.02
XLC SS Comm Select Sector SPDR Reduce -3.1% 0.16% −0.01
XLK SS Technology Select Sector Reduce -0.5% 0.17% −0.01
ADP Automatic Data Processing Reduce -5.3% 0.03% −0.01
XLF SS Financial Select Sector Reduce -2.9% 0.08% −0.01
CRH CRH PLC Reduce -0.2% 0.06% −0.01
HD Home Depot Inc. Reduce -5.3% 0.08% −0.01
XLV SS Health Care Select Sector Reduce -9.7% 0.05% −0.01
AXP American Express Co. Reduce -8.6% 0.02% −0.01
GE General Electric Reduce -16.6% 0.02% −0.01
SUB iShares Short-Term National Reduce -2.1% 0.34% −0.00
LEN Lennar Corp. Class A Reduce -5.9% 0.02% −0.00
XLP SS Consumer Staples Sel Sect Reduce -16.2% 0.04% −0.00
SYK Stryker Corp. Reduce -13.6% 0.02% −0.00
GOLDMAN SACHS GROUP INC Reduce -1.5% 0.09% −0.00
IWD iShares Russell 1000 Value E Reduce -6.6% 0.08% −0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.1% 0.09% −0.00
WM Waste Management Inc. Reduce -6.5% 0.02% −0.00
XLI SS Industrial Select Sector Reduce -1.8% 0.02% +0.00
LIN Linde PLC Reduce -10.6% 0.02% +0.00
MCD McDonald's Corp. Reduce -0.8% 0.05% +0.00
NEE Nextera Energy Inc. Reduce -2.6% 0.05% +0.01
CSCO Cisco Systems Inc. Reduce -0.1% 0.75% +0.01
RTX RTX Corp. Reduce -0.2% 1.16% +0.07
KO The Coca-Cola Co. Reduce -0.0% 0.85% +0.08
MU Micron Technology Inc. Reduce -12.5% 2.01% +0.09
PSX Phillips 66 Reduce -8.7% 0.41% +0.09
COP Conocophillips Reduce -6.0% 0.58% +0.15
CAT Caterpillar Inc. Reduce -0.3% 1.19% +0.23
XOM Exxon Mobil Corp. Reduce -5.7% 1.13% +0.29

Portfolio Buys Q4 2025 → Q1 2026
ACWX iShares MSCI Acwi Ex US ETF Add +4.1% 9.88% +0.66
NOC Northrop Grumman Corp. Add +89.7% 0.63% +0.35
GVI iShares Intermediate Governm Add +3.7% 8.13% +0.32
GABC German American Bancorp Add +1.3% 3.47% +0.29
XLU St Sr Utl SL SE SPDR ETF-Usd Add +6.5% 1.87% +0.25
JNJ Johnson & Johnson Add +1.4% 1.04% +0.18
COST Costco Wholesale Corp. Add +0.6% 1.19% +0.18
IWR iShares Russell Mid-Cap ETF Add +0.3% 8.04% +0.18
FDX FedEx Corp. Add +1.0% 0.83% +0.17
VTI VG Morningstar TS MKT ETF-US New 0.14% +0.14
CRM Salesforce Inc. New 0.12% +0.12
HON Honeywell International Inc. Add +0.6% 0.62% +0.09
WMT Walmart Inc. Add +0.7% 0.79% +0.09
IWM iShares Russell 2000 ETF Add +0.3% 4.65% +0.09
AMGN Amgen Inc. Add +142.9% 0.13% +0.08
PFE Pfizer Inc. Add +9.6% 0.34% +0.07
AMD Advanced Micro Devices New 0.05% +0.05
MRK Merck & Co. Inc. New 0.04% +0.04
PG The Procter & Gamble Co. Add +2.7% 0.85% +0.04
T AT&T Inc. New 0.04% +0.04
BRK.B Berkshire Hathaway Inc. Class B Add +7.3% 0.99% +0.03
TFC Truist Financial Corp. New 0.03% +0.03
CVS CVS Health Corp. New 0.03% +0.03
APA Apa Corp. New 0.03% +0.03
INTC Intel Corp. New 0.03% +0.03
BMY Bristol-Myers Squibb Co. New 0.03% +0.03
KLAC KLA Corp. New 0.03% +0.03
TJX TJX Companies Inc. Add +1.3% 0.48% +0.03
MTB M & T Bank Corp. Add +1.0% 0.64% +0.03
TSM Taiwan Semiconductor-SP ADR New 0.03% +0.03
ALLY Ally Financial Inc. New 0.03% +0.03
VEU Vanguard Ftse All-World Ex-U New 0.03% +0.03
VZ Verizon Communications Inc. Add +102.0% 0.05% +0.03
TGT Target Corp. New 0.03% +0.03
CTRA Coterra Energy Inc. New 0.03% +0.03
TSN Tyson Foods Inc. Class A New 0.02% +0.02
CVX Chevron Corp. Add +18.9% 0.06% +0.02
DG Dollar General Corp. New 0.02% +0.02
LMT Lockheed Martin Corp. New 0.02% +0.02
CNH CNH Industrial NV New 0.02% +0.02
AGG iShares Core U.S. Aggregate Add +58.5% 0.05% +0.02
KR Kroger Co. New 0.02% +0.02
F Ford Motor Co. New 0.02% +0.02
MO Altria Group Inc. Add +60.7% 0.04% +0.02
ES Eversource Energy New 0.02% +0.02
FITB Fifth Third Bancorp New 0.02% +0.02
KMI Kinder Morgan Inc. New 0.02% +0.02
ASML ASML Holding NV-NY Reg SHS New 0.02% +0.02
WU Western Union Co. New 0.02% +0.02
TXN Texas Instruments Inc. Add +22.0% 0.06% +0.02

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