Lynch & Associates

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 15, 2024), Lynch & Associates reported 120 stock positions worth $473.0 million. Its top holding was Microsoft (MSFT) at 9.7% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.3%) and iShares Core S&P Midcap ETF (IJH, 3.9%). Compared with Q2 2024, it opened 3 new positions, sold out of 2, added to 56 and reduced 43. The biggest buy was McDonald's (MCD, shares +0%) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
EVANSVILLE, IN
CIK
0001108965
Portfolio Value
$473.0M (Q3 2024)
SEC Filing
0001108965-24-000004 ↗ filed Oct 15, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $433.0M Q1 2024 Q2 2024: $443.8M Q2 2024 Q3 2024: $473.0M $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 120 stocks · $473.0M
MSFT Microsoft Corp. 9.66% 106,179 $45.7M Reduce -0.9%
IVV iShares Core S&P 500 ETF 4.27% 35,010 $20.2M Reduce -0.8%
IJH iShares Core S&P Midcap ETF 3.95% 299,751 $18.7M Add +0.7%
WMT Walmart Inc. 3.61% 211,261 $17.1M Reduce -1.3%
PG The Procter & Gamble Co. 3.30% 90,164 $15.6M Reduce -0.6%
JNJ Johnson & Johnson 3.11% 90,800 $14.7M Reduce -0.7%
ABBV Abbvie Inc. 3.07% 73,479 $14.5M Reduce -0.4%
XOM Exxon Mobil Corp. 3.03% 122,098 $14.3M Reduce -0.1%
JPM JPMorgan Chase & Co. 2.58% 57,970 $12.2M Reduce -0.2%
AAPL Apple Inc. 2.35% 47,632 $11.1M Reduce -0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.24% 47,981 $10.6M Reduce -1.8%
MRK Merck & Co. Inc. 2.23% 92,701 $10.5M Reduce -0.2%
MCD McDonald's Corp. 2.14% 33,178 $10.1M Add +0.1%
LMT Lockheed Martin Corp. 1.97% 15,917 $9.3M Reduce -1.3%
EMR Emerson Electric Co. 1.85% 79,836 $8.7M Reduce -2.4%
CSCO Cisco Systems Inc. 1.68% 148,990 $7.9M Add +0.9%
CVX Chevron Corp. 1.63% 52,472 $7.7M Reduce -0.5%
UPS United Parcel Service Class B 1.63% 56,436 $7.7M Reduce -3.3%
SPYV SS SPDR P S&P 500 Value ETF 1.58% 141,323 $7.5M Add +1.1%
KO The Coca-Cola Co. 1.54% 101,304 $7.3M Reduce -0.9%
ITOT iShares Core S&P Total U.S. 1.51% 56,872 $7.1M Reduce -1.4%
LOW Lowe's Cos Inc. 1.43% 25,040 $6.8M Add +0.3%
LLY Eli Lilly & Co. 1.43% 7,621 $6.8M Reduce -1.3%
SYK Stryker Corp. 1.40% 18,381 $6.6M Add +0.9%
ABT Abbott Laboratories 1.37% 56,856 $6.5M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 1.26% 12,948 $6.0M Reduce -0.5%
IJR iShares Core S&P Small-Cap E 1.25% 50,452 $5.9M Add +2.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.23% 146,957 $5.8M Add +0.6%
HON Honeywell International Inc. 1.21% 27,764 $5.7M Add +0.8%
TXN Texas Instruments Inc. 1.14% 26,166 $5.4M Add +3.3%
GOOGL Alphabet Inc. Class A 1.07% 30,534 $5.1M Add +1.7%
NEE Nextera Energy Inc. 1.03% 57,439 $4.9M Add +1.4%
SYY Sysco Corp. 1.03% 62,179 $4.9M Add +0.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.95% 38,118 $4.5M Reduce -0.4%
DOW Dow Inc. 0.90% 78,018 $4.3M Reduce -2.2%
ITW Illinois Tool Works 0.89% 16,021 $4.2M Add +1.0%
DFS Discover Financial Services 0.86% 28,957 $4.1M Reduce -0.2%
RTX RTX Corp. 0.85% 33,186 $4.0M Add +1.8%
FTEC Fidelity MSCI Info Tech Indx 0.84% 22,873 $4.0M Add +3.8%
AMZN Amazon.com Inc. 0.80% 20,368 $3.8M Add +1.1%
SCHD Schwab US DVD Equity ETF 0.78% 43,682 $3.7M Add +16.0%
FSFG First Savings Financial Grp 0.77% 153,000 $3.6M No change
DUK Duke Energy Corp. 0.77% 31,592 $3.6M Add +1.1%
MMM 3M Co. 0.74% 25,624 $3.5M Add +1.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.66% 32,453 $3.1M Reduce -2.7%
BA The Boeing Co. 0.64% 19,913 $3.0M Add +1.4%
USB US Bancorp 0.64% 65,955 $3.0M Add +2.5%
CL Colgate-Palmolive Co. 0.59% 26,707 $2.8M Reduce -1.1%
PFE Pfizer Inc. 0.57% 93,557 $2.7M Reduce -3.7%
GIS General Mills Inc. 0.56% 36,149 $2.7M Reduce -3.1%
HD Home Depot Inc. 0.51% 5,896 $2.4M Add +12.0%
FHLC Fidelity MSCI Health Care 0.50% 32,362 $2.4M Add +6.2%
KMB Kimberly-Clark Corp. 0.49% 16,340 $2.3M Reduce -0.2%
XLK SS Technology Select Sector 0.49% 10,224 $2.3M No change
FNCL Fidelity MSCI Financial Indx 0.47% 34,601 $2.2M Add +3.9%
TTE Totalenergies SE -Spon ADR 0.45% 32,715 $2.1M Add +0.1%
SHW The Sherwin-Williams Co. 0.44% 5,419 $2.1M Add +5.1%
VXUS Vanguard Total Intl Stock 0.43% 31,608 $2.0M Add +3.4%
PM Philip Morris International 0.42% 16,223 $2.0M Reduce -0.6%
UNP Union Pacific Corp. 0.41% 7,901 $1.9M Add +10.9%
V Visa Inc. Class A 0.41% 7,080 $1.9M Add +2.3%
FIDU Fidelity MSCI Indust Indx 0.37% 24,549 $1.8M Add +5.0%
AMGN Amgen Inc. 0.36% 5,325 $1.7M Add +6.9%
FDIS Fidelity MSCI Cons Discr Ind 0.34% 18,418 $1.6M Add +5.4%
CVS CVS Health Corp. 0.34% 25,895 $1.6M Reduce -6.6%
CI The Cigna Group 0.33% 4,504 $1.6M Add +3.5%
VZ Verizon Communications Inc. 0.33% 34,410 $1.5M Add +4.6%
MO Altria Group Inc. 0.32% 29,513 $1.5M Add +3.0%
FSTA Fidelity MSCI Cons Stap Indx 0.29% 26,661 $1.4M Add +5.1%
FCOM Fidelity MSCI Comm Serv Indx 0.29% 24,542 $1.4M Add +4.2%
NBBK NB Bancorp Inc. 0.27% 68,398 $1.3M No change
FENY Fidelity MSCI Energy Index 0.26% 51,905 $1.2M Add +3.4%
META Meta Platforms Inc. Class A 0.22% 1,803 $1.0M Add +9.1%
MDY State Street SPDR S&P Midcap 0.21% 1,740 $991K No change
ADBE Adobe Inc. 0.21% 1,901 $984K Add +9.0%
NVDA Nvidia Corp. 0.19% 7,324 $889K Add +13.7%
XLI SS Industrial Select Sector 0.19% 6,525 $884K Reduce -0.9%
CINF Cincinnati Financial Corp. 0.16% 5,649 $769K No change
XLF SS Financial Select Sector 0.15% 16,075 $729K No change
FUTY Fidelity MSCI US Utilities 0.14% 13,153 $682K Add +7.4%
IVE iShares S&P 500 Value ETF 0.14% 3,356 $662K No change
MDT Medtronic PLC 0.14% 7,324 $659K Add +15.8%
IP International Paper Co. 0.13% 12,421 $607K Reduce -0.8%
XLV SS Health Care Select Sector 0.13% 3,869 $596K No change
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.13% 17,325 $594K Add +14.5%
XLY SS Consumer Disc Select Sect 0.13% 2,961 $593K Reduce -0.7%
GE General Electric filed as GE AEROSPACE 0.13% 3,138 $592K No change
RDVY First Trust Rising Dividend 0.12% 9,879 $585K Add +15.2%
IWM iShares Russell 2000 ETF 0.12% 2,600 $574K No change
EBC Eastern Bankshares Inc. 0.12% 35,000 $574K No change
CGGR Cap Group Growth Equity 0.12% 16,191 $563K Add +13.9%
FMAT Fidelity MSCI Materials Indx 0.11% 9,607 $521K Add +4.8%
INTC Intel Corp. 0.11% 22,036 $517K Reduce -71.2%
FTCS First Trust Capital Strength 0.11% 5,622 $510K Add +13.0%
SPSM SS SPDR P S&P 600 Small Cap 0.11% 11,114 $506K No change
FMDE Fidelity Enhanced Mid Cap Co. 0.10% 15,305 $492K Add +35.4%
WFC Wells Fargo & Co. 0.09% 7,253 $410K No change
VTI VG Morningstar TS MKT ETF-US 0.09% 1,433 $406K Add +0.3%
LNT Alliant Energy Corp. 0.09% 6,681 $405K Reduce -0.1%
CSX CSX Corp. 0.09% 11,673 $403K No change
TSLA Tesla Inc. 0.09% 1,538 $402K Add +5.6%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.08% 10,963 $399K New
RF Regions Financial Corp. 0.08% 16,551 $386K Reduce -14.1%
BMY Bristol-Myers Squibb Co. 0.08% 7,224 $374K Reduce -6.3%
FREL Fidelity MSCI RL Est Indx 0.07% 11,504 $339K Add +3.9%
KEY Keycorp 0.07% 20,200 $338K Reduce -1.0%
XLP SS Consumer Staples Sel Sect 0.07% 3,982 $331K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 561 $322K Add +0.2%
COST Costco Wholesale Corp. 0.07% 360 $319K No change
DFAS Dimensional US Small Cap ETF 0.06% 4,549 $295K Add +14.5%
NECB Northeast Community Bancorp 0.06% 11,000 $291K Reduce -4.3%
HBAN Huntington Bancshares Inc. 0.06% 19,750 $290K Reduce -27.0%
CAT Caterpillar Inc. 0.06% 708 $277K Add +0.8%
VOOV Vanguard S&P 500 Value ETF 0.06% 1,425 $272K Reduce -23.0%
AFBI Affinity Bancshares Inc. 0.06% 12,413 $266K New
DFUS Dimensional US Eq MKT ETF 0.04% 3,257 $203K Reduce -59.6%
NKE Nike Inc. Class B 0.04% 2,290 $202K New
QQQ Invesco QQQ Trust Series 1 0.04% 410 $200K Reduce -8.9%
MCOA Marijuana Company of America 0.00% 200,000 $0 No change
FRAC FIRST HORIZON NATL CORP filed as FIRST HORIZON NAT'L FRACTIONAL 0.00% 434,329 $0 No change

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -0.9% 9.66% −1.13
INTC Intel Corp. Reduce -71.2% 0.11% −0.42
MRK Merck & Co. Inc. Reduce -0.2% 2.23% −0.37
CVX Chevron Corp. Reduce -0.5% 1.63% −0.22
EMR Emerson Electric Co. Reduce -2.4% 1.85% −0.18
UPS United Parcel Service Class B Reduce -3.3% 1.63% −0.17
LLY Eli Lilly & Co. Reduce -1.3% 1.43% −0.15
XOM Exxon Mobil Corp. Reduce -0.1% 3.03% −0.14
DIS The Walt Disney Co. Reduce -2.7% 0.66% −0.09
IVV iShares Core S&P 500 ETF Reduce -0.8% 4.27% −0.08
PG The Procter & Gamble Co. Reduce -0.6% 3.30% −0.07
DFUS Dimensional US Eq MKT ETF Reduce -59.6% 0.04% −0.06
JPM JPMorgan Chase & Co. Reduce -0.2% 2.58% −0.06
DOW Dow Inc. Reduce -2.2% 0.90% −0.05
XLE SS Energy Select Sector Sold out 0.00% −0.05
PFE Pfizer Inc. Reduce -3.7% 0.57% −0.04
ITOT iShares Core S&P Total U.S. Reduce -1.4% 1.51% −0.03
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.03
CVS CVS Health Corp. Reduce -6.6% 0.34% −0.02
HBAN Huntington Bancshares Inc. Reduce -27.0% 0.06% −0.02
KMB Kimberly-Clark Corp. Reduce -0.2% 0.49% −0.02
VOOV Vanguard S&P 500 Value ETF Reduce -23.0% 0.06% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -8.9% 0.04% −0.01
RF Regions Financial Corp. Reduce -14.1% 0.08% −0.01
CL Colgate-Palmolive Co. Reduce -1.1% 0.59% −0.00
TJX TJX Companies Inc. Reduce -0.4% 0.95% −0.00
XLY SS Consumer Disc Select Sect Reduce -0.7% 0.13% +0.00
DFS Discover Financial Services Reduce -0.2% 0.86% +0.00
XLI SS Industrial Select Sector Reduce -0.9% 0.19% +0.01
KEY Keycorp Reduce -1.0% 0.07% +0.01
IP International Paper Co. Reduce -0.8% 0.13% +0.01
BMY Bristol-Myers Squibb Co. Reduce -6.3% 0.08% +0.01
LNT Alliant Energy Corp. Reduce -0.1% 0.09% +0.01
NECB Northeast Community Bancorp Reduce -4.3% 0.06% +0.02
GIS General Mills Inc. Reduce -3.1% 0.56% +0.03
ABT Abbott Laboratories Reduce -0.4% 1.37% +0.03
PM Philip Morris International Reduce -0.6% 0.42% +0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 1.26% +0.07
KO The Coca-Cola Co. Reduce -0.9% 1.54% +0.07
AAPL Apple Inc. Reduce -0.5% 2.35% +0.08
JNJ Johnson & Johnson Reduce -0.7% 3.11% +0.10
ABBV Abbvie Inc. Reduce -0.4% 3.07% +0.22
LMT Lockheed Martin Corp. Reduce -1.3% 1.97% +0.27
IBM Intl Business Machines Corp. Reduce -1.8% 2.24% +0.34
WMT Walmart Inc. Reduce -1.3% 3.61% +0.34

Portfolio Buys Q2 2024 → Q3 2024
MCD McDonald's Corp. Add +0.1% 2.14% +0.23
LOW Lowe's Cos Inc. Add +0.3% 1.43% +0.19
MMM 3M Co. Add +1.9% 0.74% +0.16
NEE Nextera Energy Inc. Add +1.4% 1.03% +0.12
SCHD Schwab US DVD Equity ETF Add +16.0% 0.78% +0.12
RTX RTX Corp. Add +1.8% 0.85% +0.11
HD Home Depot Inc. Add +12.0% 0.51% +0.10
CSCO Cisco Systems Inc. Add +0.9% 1.68% +0.10
SHW The Sherwin-Williams Co. Add +5.1% 0.44% +0.09
CGDV Cap Group Dividend Value New 0.08% +0.08
DUK Duke Energy Corp. Add +1.1% 0.77% +0.06
IJR iShares Core S&P Small-Cap E Add +2.4% 1.25% +0.06
USB US Bancorp Add +2.5% 0.64% +0.06
AFBI Affinity Bancshares Inc. New 0.06% +0.06
UNP Union Pacific Corp. Add +10.9% 0.41% +0.05
SPYV SS SPDR P S&P 500 Value ETF Add +1.1% 1.58% +0.04
NKE Nike Inc. Class B New 0.04% +0.04
ITW Illinois Tool Works Add +1.0% 0.89% +0.04
FNCL Fidelity MSCI Financial Indx Add +3.9% 0.47% +0.03
TXN Texas Instruments Inc. Add +3.3% 1.14% +0.03
META Meta Platforms Inc. Class A Add +9.1% 0.22% +0.03
FIDU Fidelity MSCI Indust Indx Add +5.0% 0.37% +0.03
FMDE Fidelity Enhanced Mid Cap Co. Add +35.4% 0.10% +0.03
MDT Medtronic PLC Add +15.8% 0.14% +0.03
FHLC Fidelity MSCI Health Care Add +6.2% 0.50% +0.03
SYY Sysco Corp. Add +0.1% 1.03% +0.03
FDIS Fidelity MSCI Cons Discr Ind Add +5.4% 0.34% +0.03
MO Altria Group Inc. Add +3.0% 0.32% +0.02
IJH iShares Core S&P Midcap ETF Add +0.7% 3.95% +0.02
FUTY Fidelity MSCI US Utilities Add +7.4% 0.14% +0.02
VZ Verizon Communications Inc. Add +4.6% 0.33% +0.02
TSLA Tesla Inc. Add +5.6% 0.09% +0.02
RDVY First Trust Rising Dividend Add +15.2% 0.12% +0.02
VXUS Vanguard Total Intl Stock Add +3.4% 0.43% +0.02
FSTA Fidelity MSCI Cons Stap Indx Add +5.1% 0.29% +0.02
CGUS Cap Group Core Equity Add +14.5% 0.13% +0.02
CGGR Cap Group Growth Equity Add +13.9% 0.12% +0.01
FTCS First Trust Capital Strength Add +13.0% 0.11% +0.01
AMGN Amgen Inc. Add +6.9% 0.36% +0.01
NVDA Nvidia Corp. Add +13.7% 0.19% +0.01
DFAS Dimensional US Small Cap ETF Add +14.5% 0.06% +0.01
FCOM Fidelity MSCI Comm Serv Indx Add +4.2% 0.29% +0.01
FREL Fidelity MSCI RL Est Indx Add +3.9% 0.07% +0.01
FMAT Fidelity MSCI Materials Indx Add +4.8% 0.11% +0.01
SYK Stryker Corp. Add +0.9% 1.40% +0.01
CI The Cigna Group Add +3.5% 0.33% +0.01
CAT Caterpillar Inc. Add +0.8% 0.06% +0.01
V Visa Inc. Class A Add +2.3% 0.41% +0.00
VTI VG Morningstar TS MKT ETF-US Add +0.3% 0.09% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.2% 0.07% −0.00

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