Lynch & Associates

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 9, 2024), Lynch & Associates reported 121 stock positions worth $433.0 million. Its top holding was Microsoft (MSFT) at 10.1% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.3%) and iShares Core S&P Midcap ETF (IJH, 4.1%). Compared with Q4 2023, it opened 3 new positions, sold out of 4, added to 39 and reduced 59. The biggest buy was Eli Lilly (LLY, shares +2%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
EVANSVILLE, IN
CIK
0001108965
Portfolio Value
$433.0M (Q1 2024)
SEC Filing
0001108965-24-000002 ↗ filed Apr 9, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $433.0M $433.0M Q1 2024 Q2 2024: $443.8M Q2 2024 Q3 2024: $473.0M Q3 2024 Q4 2024: $460.9M Q4 2024 Q1 2025: $462.3M Q1 2025 Q2 2025: $496.4M Q2 2025 Q3 2025: $517.9M Q3 2025 Q4 2025: $528.9M Q4 2025 Q1 2026: $532.6M Q1 2026 Q2 2026: $572.5M Q2 2026

Holdings 121 stocks · $433.0M
MSFT Microsoft Corp. 10.10% 103,950 $43.7M Reduce -6.3%
IVV iShares Core S&P 500 ETF 4.31% 35,494 $18.7M Add +0.5%
IJH iShares Core S&P Midcap ETF 4.09% 291,521 $17.7M Reduce -0.9%
PG The Procter & Gamble Co. 3.36% 89,576 $14.5M Reduce -2.8%
JNJ Johnson & Johnson 3.26% 89,158 $14.1M Reduce -3.9%
XOM Exxon Mobil Corp. 3.16% 117,824 $13.7M Reduce -4.7%
ABBV Abbvie Inc. 2.99% 71,015 $12.9M Reduce -5.9%
WMT Walmart Inc. 2.92% 210,250 $12.7M Reduce -5.0%
MRK Merck & Co. Inc. 2.75% 90,185 $11.9M Reduce -4.7%
JPM JPMorgan Chase & Co. 2.59% 55,904 $11.2M Reduce -7.0%
MCD McDonald's Corp. 2.09% 32,144 $9.1M Reduce -4.2%
EMR Emerson Electric Co. 2.05% 78,421 $8.9M Reduce -4.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.05% 46,479 $8.9M Reduce -4.6%
UPS United Parcel Service Class B 1.98% 57,706 $8.6M Reduce -3.7%
CVX Chevron Corp. 1.86% 51,081 $8.1M Reduce -1.3%
AAPL Apple Inc. 1.84% 46,418 $8.0M Reduce -2.8%
CSCO Cisco Systems Inc. 1.69% 146,320 $7.3M Reduce -4.8%
LMT Lockheed Martin Corp. 1.63% 15,560 $7.1M Reduce -4.7%
SPYV SS SPDR P S&P 500 Value ETF 1.56% 134,779 $6.8M Add +2.5%
ITOT iShares Core S&P Total U.S. 1.53% 57,305 $6.6M Add +1.1%
ABT Abbott Laboratories 1.46% 55,711 $6.3M Reduce -4.6%
SYK Stryker Corp. 1.43% 17,351 $6.2M Reduce -5.6%
KO The Coca-Cola Co. 1.42% 100,235 $6.1M Reduce -3.7%
LLY Eli Lilly & Co. 1.39% 7,721 $6.0M Add +1.9%
LOW Lowe's Cos Inc. 1.37% 23,322 $5.9M Reduce -7.2%
BRK.B Berkshire Hathaway Inc. Class B 1.25% 12,874 $5.4M Reduce -1.3%
HON Honeywell International Inc. 1.23% 26,032 $5.3M Reduce -5.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.23% 140,861 $5.3M Reduce -2.1%
IJR iShares Core S&P Small-Cap E 1.22% 47,917 $5.3M Add +10.5%
SYY Sysco Corp. 1.13% 60,428 $4.9M Reduce -4.7%
GOOGL Alphabet Inc. Class A 1.04% 29,805 $4.5M Add +0.7%
DOW Dow Inc. 1.04% 77,501 $4.5M Reduce -7.0%
TXN Texas Instruments Inc. 0.98% 24,262 $4.2M Add +1.6%
ITW Illinois Tool Works 0.94% 15,193 $4.1M Reduce -4.8%
BA The Boeing Co. 0.91% 20,363 $3.9M Add +0.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.89% 31,322 $3.8M Reduce -1.7%
DFS Discover Financial Services 0.87% 28,810 $3.8M Reduce -7.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.86% 36,903 $3.7M Reduce -5.5%
INTC Intel Corp. 0.79% 77,908 $3.4M Reduce -7.5%
NEE Nextera Energy Inc. 0.78% 53,118 $3.4M Reduce -10.1%
AMZN Amazon.com Inc. 0.78% 18,790 $3.4M Add +0.6%
FTEC Fidelity MSCI Info Tech Indx 0.77% 21,361 $3.3M Add +8.9%
RTX RTX Corp. 0.72% 31,751 $3.1M Add +3.9%
DUK Duke Energy Corp. 0.70% 31,435 $3.0M Add +1.1%
SCHD Schwab US DVD Equity ETF 0.64% 34,344 $2.8M Add +44.6%
USB US Bancorp 0.62% 59,687 $2.7M Reduce -0.0%
FSFG First Savings Financial Grp 0.59% 153,000 $2.6M No change
PFE Pfizer Inc. 0.58% 90,031 $2.5M Reduce -28.2%
GIS General Mills Inc. 0.55% 34,139 $2.4M Reduce -7.7%
MMM 3M Co. 0.55% 22,253 $2.4M Reduce -8.7%
CL Colgate-Palmolive Co. 0.54% 26,032 $2.3M Reduce -7.7%
CVS CVS Health Corp. 0.54% 29,326 $2.3M Reduce -1.9%
TTE Totalenergies SE -Spon ADR 0.50% 31,590 $2.2M Reduce -6.0%
XLK SS Technology Select Sector 0.49% 10,249 $2.1M Reduce -0.2%
FHLC Fidelity MSCI Health Care 0.48% 29,484 $2.1M Add +7.8%
KMB Kimberly-Clark Corp. 0.47% 15,700 $2.0M Reduce -7.1%
FNCL Fidelity MSCI Financial Indx 0.45% 32,689 $1.9M Add +8.8%
VXUS Vanguard Total Intl Stock 0.44% 31,929 $1.9M Add +4.1%
HD Home Depot Inc. 0.44% 4,978 $1.9M Add +12.5%
V Visa Inc. Class A 0.42% 6,562 $1.8M Reduce -2.4%
UNP Union Pacific Corp. 0.39% 6,859 $1.7M Reduce -7.0%
SHW The Sherwin-Williams Co. 0.37% 4,674 $1.6M Add +2.3%
FIDU Fidelity MSCI Indust Indx 0.37% 23,461 $1.6M Reduce -7.9%
PM Philip Morris International 0.34% 16,118 $1.5M Reduce -4.9%
FDIS Fidelity MSCI Cons Discr Ind 0.32% 16,936 $1.4M Add +8.3%
CI The Cigna Group 0.32% 3,765 $1.4M Add +12.3%
VZ Verizon Communications Inc. 0.31% 31,635 $1.3M Add +0.2%
AMGN Amgen Inc. 0.30% 4,594 $1.3M Add +29.8%
FENY Fidelity MSCI Energy Index 0.30% 49,570 $1.3M Add +4.7%
MO Altria Group Inc. 0.29% 29,149 $1.3M Reduce -6.7%
FSTA Fidelity MSCI Cons Stap Indx 0.27% 24,377 $1.2M Add +9.0%
FCOM Fidelity MSCI Comm Serv Indx 0.26% 22,927 $1.1M Add +8.2%
MDY State Street SPDR S&P Midcap 0.22% 1,740 $968K No change
ADBE Adobe Inc. 0.22% 1,914 $966K Reduce -0.4%
NBBK NB Bancorp Inc. 0.22% 70,051 $957K New
XLI SS Industrial Select Sector 0.19% 6,550 $825K No change
META Meta Platforms Inc. Class A 0.18% 1,609 $781K Reduce -0.9%
CINF Cincinnati Financial Corp. 0.16% 5,649 $701K No change
XLF SS Financial Select Sector 0.16% 16,075 $677K No change
IVE iShares S&P 500 Value ETF 0.14% 3,356 $627K Reduce -2.9%
XLV SS Health Care Select Sector 0.13% 3,869 $572K No change
GE General Electric 0.13% 3,138 $551K Reduce -7.4%
XLY SS Consumer Disc Select Sect 0.13% 2,981 $548K Reduce -1.1%
IWM iShares Russell 2000 ETF 0.13% 2,600 $547K No change
IP International Paper Co. 0.13% 13,871 $541K Reduce -22.3%
NVDA Nvidia Corp. 0.12% 566 $511K Add +13.0%
EBC Eastern Bankshares Inc. 0.11% 35,000 $482K Reduce -2.8%
SPSM SS SPDR P S&P 600 Small Cap 0.11% 11,114 $478K No change
TSLA Tesla Inc. 0.11% 2,652 $466K No change
FUTY Fidelity MSCI US Utilities 0.11% 10,889 $462K Add +9.6%
FMAT Fidelity MSCI Materials Indx 0.10% 8,601 $450K Add +11.2%
CSX CSX Corp. 0.10% 11,873 $440K No change
BMY Bristol-Myers Squibb Co. 0.10% 8,053 $437K Reduce -13.4%
RDVY First Trust Rising Dividend 0.10% 7,485 $420K Add +36.0%
WFC Wells Fargo & Co. 0.10% 7,253 $420K Reduce -0.3%
CGGR Cap Group Growth Equity 0.10% 13,017 $416K Add +11.3%
MDT Medtronic PLC 0.10% 4,739 $413K New
DFUS Dimensional US Eq MKT ETF 0.09% 7,139 $407K Add +24.0%
RF Regions Financial Corp. 0.09% 19,276 $406K Add +1.5%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.09% 12,591 $392K Add +28.4%
VOOV Vanguard S&P 500 Value ETF 0.09% 2,155 $389K No change
HBAN Huntington Bancshares Inc. 0.09% 27,051 $377K No change
VTI VG Morningstar TS MKT ETF-US 0.09% 1,429 $371K No change
LNT Alliant Energy Corp. 0.08% 6,716 $338K Reduce -6.8%
FTCS First Trust Capital Strength 0.08% 3,949 $338K Add +22.9%
KEY Keycorp 0.08% 20,565 $325K No change
XLP SS Consumer Staples Sel Sect 0.07% 3,982 $304K Reduce -4.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 560 $293K No change
FMDE Fidelity Enhanced Mid Cap Co. 0.06% 9,095 $278K Add +19.7%
FREL Fidelity MSCI RL Est Indx 0.06% 10,472 $273K Add +13.8%
CAT Caterpillar Inc. 0.06% 702 $257K No change
COST Costco Wholesale Corp. 0.06% 335 $245K No change
QQQ Invesco QQQ Trust Series 1 0.05% 505 $224K No change
NECB Northeast Community Bancorp 0.05% 14,000 $220K Reduce -6.7%
WBA Walgreens Boots Alliance Inc. 0.05% 10,020 $217K Add +0.1%
NKE Nike Inc. Class B 0.05% 2,289 $215K Add +0.5%
XLE SS Energy Select Sector 0.05% 2,235 $211K New
ONB Old National Bancorp 0.04% 10,482 $182K Reduce -12.5%
AGEN Agenus Inc. 0.01% 58,600 $34K Add +37.6%
MCOA Marijuana Company of America 0.00% 200,000 $20 No change
FRAC FIRST HORIZON NATL CORP filed as FIRST HORIZON NAT'L FRACTIONAL 0.00% 434,329 $0 No change

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -2.8% 1.84% −0.40
MCD McDonald's Corp. Reduce -4.2% 2.09% −0.32
UPS United Parcel Service Class B Reduce -3.7% 1.98% −0.31
PFE Pfizer Inc. Reduce -28.2% 0.58% −0.30
JNJ Johnson & Johnson Reduce -3.9% 3.26% −0.28
INTC Intel Corp. Reduce -7.5% 0.79% −0.23
CSCO Cisco Systems Inc. Reduce -4.8% 1.69% −0.20
HON Honeywell International Inc. Reduce -5.0% 1.23% −0.16
LMT Lockheed Martin Corp. Reduce -4.7% 1.63% −0.16
FITB Fifth Third Bancorp Sold out 0.00% −0.13
MMM 3M Co. Reduce -8.7% 0.55% −0.10
ABT Abbott Laboratories Reduce -4.6% 1.46% −0.10
NEE Nextera Energy Inc. Reduce -10.1% 0.78% −0.09
ITW Illinois Tool Works Reduce -4.8% 0.94% −0.07
KO The Coca-Cola Co. Reduce -3.7% 1.42% −0.07
DOW Dow Inc. Reduce -7.0% 1.04% −0.07
CPBI Central Plains Bancshares Inc. Sold out 0.00% −0.06
ADBE Adobe Inc. Reduce -0.4% 0.22% −0.06
UNP Union Pacific Corp. Reduce -7.0% 0.39% −0.05
TTE Totalenergies SE -Spon ADR Reduce -6.0% 0.50% −0.05
PM Philip Morris International Reduce -4.9% 0.34% −0.05
MSFT Microsoft Corp. Reduce -6.3% 10.10% −0.04
GIS General Mills Inc. Reduce -7.7% 0.55% −0.03
CVS CVS Health Corp. Reduce -1.9% 0.54% −0.03
IP International Paper Co. Reduce -22.3% 0.13% −0.03
KMB Kimberly-Clark Corp. Reduce -7.1% 0.47% −0.03
TJX TJX Companies Inc. Reduce -5.5% 0.86% −0.03
CVX Chevron Corp. Reduce -1.3% 1.86% −0.02
BMY Bristol-Myers Squibb Co. Reduce -13.4% 0.10% −0.02
NECB Northeast Community Bancorp Reduce -6.7% 0.05% −0.01
EBC Eastern Bankshares Inc. Reduce -2.8% 0.11% −0.01
MO Altria Group Inc. Reduce -6.7% 0.29% −0.01
USB US Bancorp Reduce -0.0% 0.62% −0.01
LNT Alliant Energy Corp. Reduce -6.8% 0.08% −0.01
FIDU Fidelity MSCI Indust Indx Reduce -7.9% 0.37% −0.01
ONB Old National Bancorp Reduce -12.5% 0.04% −0.01
CL Colgate-Palmolive Co. Reduce -7.7% 0.54% −0.01
XLY SS Consumer Disc Select Sect Reduce -1.1% 0.13% −0.00
XLP SS Consumer Staples Sel Sect Reduce -4.8% 0.07% −0.00
V Visa Inc. Class A Reduce -2.4% 0.42% −0.00
IVE iShares S&P 500 Value ETF Reduce -2.9% 0.14% −0.00
MAXXF Max Power Mining Corp. Sold out 0.00% −0.00
AMMPF Ammpower Corp. Sold out 0.00% −0.00
SYY Sysco Corp. Reduce -4.7% 1.13% +0.01
WFC Wells Fargo & Co. Reduce -0.3% 0.10% +0.01
LOW Lowe's Cos Inc. Reduce -7.2% 1.37% +0.01
XLK SS Technology Select Sector Reduce -0.2% 0.49% +0.01
DFS Discover Financial Services Reduce -7.7% 0.87% +0.02
GE General Electric Reduce -7.4% 0.13% +0.02
META Meta Platforms Inc. Class A Reduce -0.9% 0.18% +0.04

Portfolio Buys Q4 2023 → Q1 2024
LLY Eli Lilly & Co. Add +1.9% 1.39% +0.31
NBBK NB Bancorp Inc. New 0.22% +0.22
IVV iShares Core S&P 500 ETF Add +0.5% 4.31% +0.21
SCHD Schwab US DVD Equity ETF Add +44.6% 0.64% +0.20
MDT Medtronic PLC New 0.10% +0.10
AMZN Amazon.com Inc. Add +0.6% 0.78% +0.09
RTX RTX Corp. Add +3.9% 0.72% +0.09
FTEC Fidelity MSCI Info Tech Indx Add +8.9% 0.77% +0.08
IJR iShares Core S&P Small-Cap E Add +10.5% 1.22% +0.08
ITOT iShares Core S&P Total U.S. Add +1.1% 1.53% +0.08
CI The Cigna Group Add +12.3% 0.32% +0.07
SPYV SS SPDR P S&P 500 Value ETF Add +2.5% 1.56% +0.07
HD Home Depot Inc. Add +12.5% 0.44% +0.07
NVDA Nvidia Corp. Add +13.0% 0.12% +0.06
FNCL Fidelity MSCI Financial Indx Add +8.8% 0.45% +0.06
AMGN Amgen Inc. Add +29.8% 0.30% +0.05
XLE SS Energy Select Sector New 0.05% +0.05
FHLC Fidelity MSCI Health Care Add +7.8% 0.48% +0.05
GOOGL Alphabet Inc. Class A Add +0.7% 1.04% +0.03
FCOM Fidelity MSCI Comm Serv Indx Add +8.2% 0.26% +0.03
FENY Fidelity MSCI Energy Index Add +4.7% 0.30% +0.03
SHW The Sherwin-Williams Co. Add +2.3% 0.37% +0.03
RDVY First Trust Rising Dividend Add +36.0% 0.10% +0.03
FSTA Fidelity MSCI Cons Stap Indx Add +9.0% 0.27% +0.03
CGUS Cap Group Core Equity Add +28.4% 0.09% +0.02
FDIS Fidelity MSCI Cons Discr Ind Add +8.3% 0.32% +0.02
DFUS Dimensional US Eq MKT ETF Add +24.0% 0.09% +0.02
VZ Verizon Communications Inc. Add +0.2% 0.31% +0.02
CGGR Cap Group Growth Equity Add +11.3% 0.10% +0.02
FTCS First Trust Capital Strength Add +22.9% 0.08% +0.02
FMDE Fidelity Enhanced Mid Cap Co. Add +19.7% 0.06% +0.01
VXUS Vanguard Total Intl Stock Add +4.1% 0.44% +0.01
FMAT Fidelity MSCI Materials Indx Add +11.2% 0.10% +0.01
FUTY Fidelity MSCI US Utilities Add +9.6% 0.11% +0.01
RF Regions Financial Corp. Add +1.5% 0.09% +0.00
FREL Fidelity MSCI RL Est Indx Add +13.8% 0.06% +0.00
AGEN Agenus Inc. Add +37.6% 0.01% −0.00
NKE Nike Inc. Class B Add +0.5% 0.05% −0.01
TXN Texas Instruments Inc. Add +1.6% 0.98% −0.01
WBA Walgreens Boots Alliance Inc. Add +0.1% 0.05% −0.01
DUK Duke Energy Corp. Add +1.1% 0.70% −0.03
BA The Boeing Co. Add +0.9% 0.91% −0.37

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 129$572.5MMSFT, IVV, IJH, JNJ, WMT
Q1 2026 126$532.6MMSFT, WMT, IVV, IJH, JNJ
Q4 2025 124$528.9MMSFT, IVV, IJH, WMT, JNJ
Q3 2025 127$517.9MMSFT, IVV, IJH, WMT, JPM
Q2 2025 125$496.4MMSFT, IVV, WMT, IJH, JPM
Q1 2025 118$462.3MMSFT, IVV, WMT, IJH, ABBV
Q4 2024 116$460.9MMSFT, IVV, WMT, IJH, PG
Q3 2024 120$473.0MMSFT, IVV, IJH, WMT, PG
Q2 2024 119$443.8MMSFT, IVV, IJH, PG, WMT
Q1 2024 121$433.0MMSFT, IVV, IJH, PG, JNJ