Lynch & Associates
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Lynch & Associates reported 118 stock positions worth $462.3 million. Its top holding was Microsoft (MSFT) at 8.5% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.1%) and Walmart (WMT, 3.8%). Compared with Q4 2024, it opened 3 new positions, sold out of 1, added to 46 and reduced 51. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +0%) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- EVANSVILLE, IN
- CIK
- 0001108965
- Portfolio Value
- $462.3M (Q1 2025)
- SEC Filing
- 0001108965-25-000004 ↗ filed Apr 17, 2025
Holdings Value
Holdings 118 stocks · $462.3M
| MSFT Microsoft Corp. | 8.49% | 104,528 | $39.2M | Reduce -1.0% |
| IVV iShares Core S&P 500 ETF | 4.12% | 33,913 | $19.1M | Add +1.3% |
| WMT Walmart Inc. | 3.85% | 202,525 | $17.8M | Reduce -2.4% |
| IJH iShares Core S&P Midcap ETF | 3.77% | 298,852 | $17.4M | Add +1.2% |
| ABBV Abbvie Inc. | 3.29% | 72,607 | $15.2M | Reduce -1.2% |
| PG The Procter & Gamble Co. | 3.26% | 88,465 | $15.1M | Reduce -1.2% |
| JNJ Johnson & Johnson | 3.21% | 89,407 | $14.8M | Reduce -0.0% |
| XOM Exxon Mobil Corp. | 3.09% | 120,031 | $14.3M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 2.98% | 56,132 | $13.8M | Reduce -2.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.54% | 47,260 | $11.8M | Reduce -2.1% |
| MCD McDonald's Corp. | 2.25% | 33,323 | $10.4M | Reduce -0.0% |
| AAPL Apple Inc. | 2.25% | 46,816 | $10.4M | Reduce -0.1% |
| CSCO Cisco Systems Inc. | 1.99% | 148,845 | $9.2M | Reduce -0.2% |
| CVX Chevron Corp. | 1.91% | 52,742 | $8.8M | Reduce -1.7% |
| EMR Emerson Electric Co. | 1.82% | 76,650 | $8.4M | Reduce -0.7% |
| MRK Merck & Co. Inc. | 1.75% | 90,250 | $8.1M | Reduce -0.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 1.63% | 147,646 | $7.5M | Add +1.4% |
| ABT Abbott Laboratories | 1.60% | 55,670 | $7.4M | Reduce -2.1% |
| KO The Coca-Cola Co. | 1.55% | 100,374 | $7.2M | Reduce -0.7% |
| LMT Lockheed Martin Corp. | 1.52% | 15,759 | $7.0M | Reduce -0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.50% | 13,031 | $6.9M | Add +0.5% |
| ITOT iShares Core S&P Total U.S. | 1.49% | 56,649 | $6.9M | Add +2.3% |
| SYK Stryker Corp. | 1.45% | 17,960 | $6.7M | Reduce -1.0% |
| LLY Eli Lilly & Co. | 1.36% | 7,593 | $6.3M | Reduce -0.3% |
| UPS United Parcel Service Class B | 1.30% | 54,593 | $6.0M | Reduce -2.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.29% | 143,439 | $6.0M | Reduce -0.7% |
| LOW Lowe's Cos Inc. | 1.27% | 25,257 | $5.9M | Add +1.1% |
| HON Honeywell International Inc. | 1.26% | 27,519 | $5.8M | Add +1.2% |
| IJR iShares Core S&P Small-Cap E | 1.25% | 55,147 | $5.8M | Add +6.0% |
| GOOGL Alphabet Inc. Class A | 1.07% | 32,072 | $5.0M | Add +2.6% |
| TXN Texas Instruments Inc. | 1.05% | 27,084 | $4.9M | Reduce -1.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.98% | 37,335 | $4.5M | Reduce -1.7% |
| SYY Sysco Corp. | 0.98% | 60,169 | $4.5M | Reduce -2.1% |
| RTX RTX Corp. | 0.96% | 33,672 | $4.5M | Add +0.9% |
| NEE Nextera Energy Inc. | 0.92% | 59,796 | $4.2M | Reduce -1.0% |
| SCHD Schwab US DVD Equity ETF | 0.91% | 150,484 | $4.2M | Add +5.9% |
| AMZN Amazon.com Inc. | 0.88% | 21,413 | $4.1M | Add +1.0% |
| ITW Illinois Tool Works | 0.87% | 16,133 | $4.0M | Reduce -0.0% |
| FSFG First Savings Financial Grp | 0.85% | 153,000 | $3.9M | No change |
| MMM 3M Co. | 0.83% | 26,037 | $3.8M | Add +1.2% |
| FTEC Fidelity MSCI Info Tech Indx | 0.82% | 23,558 | $3.8M | Add +3.7% |
| DUK Duke Energy Corp. | 0.82% | 30,942 | $3.8M | Reduce -1.4% |
| DFS Discover Financial Services | 0.78% | 21,197 | $3.6M | Reduce -0.9% |
| BA The Boeing Co. | 0.71% | 19,182 | $3.3M | Add +6.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.69% | 32,199 | $3.2M | Add +1.0% |
| USB US Bancorp | 0.63% | 68,946 | $2.9M | Add +2.5% |
| V Visa Inc. Class A | 0.59% | 7,837 | $2.7M | Add +0.9% |
| PM Philip Morris International | 0.56% | 16,454 | $2.6M | Add +0.2% |
| HD Home Depot Inc. | 0.53% | 6,654 | $2.4M | Add +7.4% |
| CL Colgate-Palmolive Co. | 0.52% | 25,606 | $2.4M | Reduce -1.2% |
| VXUS Vanguard Total Intl Stock | 0.51% | 38,232 | $2.4M | Add +7.5% |
| FNCL Fidelity MSCI Financial Indx | 0.51% | 33,617 | $2.3M | Reduce -1.9% |
| PFE Pfizer Inc. | 0.49% | 88,946 | $2.3M | Reduce -0.9% |
| FHLC Fidelity MSCI Health Care | 0.48% | 32,687 | $2.2M | Add +0.1% |
| KMB Kimberly-Clark Corp. | 0.48% | 15,560 | $2.2M | Reduce -4.3% |
| XLK SS Technology Select Sector | 0.46% | 10,224 | $2.1M | No change |
| TTE Totalenergies SE -Spon ADR | 0.44% | 31,344 | $2.0M | Reduce -1.5% |
| DOW Dow Inc. | 0.43% | 57,366 | $2.0M | Reduce -13.5% |
| GIS General Mills Inc. | 0.43% | 33,224 | $2.0M | Reduce -5.3% |
| UNP Union Pacific Corp. | 0.42% | 8,273 | $2.0M | Add +3.9% |
| SHW The Sherwin-Williams Co. | 0.42% | 5,561 | $1.9M | Add +2.2% |
| MO Altria Group Inc. | 0.39% | 30,147 | $1.8M | Reduce -4.1% |
| FIDU Fidelity MSCI Indust Indx | 0.36% | 24,133 | $1.7M | Add +1.5% |
| META Meta Platforms Inc. Class A | 0.35% | 2,817 | $1.6M | Add +53.6% |
| AMGN Amgen Inc. | 0.35% | 5,142 | $1.6M | Reduce -0.2% |
| FDIS Fidelity MSCI Cons Discr Ind | 0.33% | 18,181 | $1.5M | Add +1.8% |
| VZ Verizon Communications Inc. | 0.32% | 32,943 | $1.5M | Reduce -1.5% |
| CI The Cigna Group | 0.31% | 4,375 | $1.4M | Add +0.7% |
| FSTA Fidelity MSCI Cons Stap Indx | 0.31% | 27,842 | $1.4M | Add +4.6% |
| FCOM Fidelity MSCI Comm Serv Indx | 0.30% | 24,381 | $1.4M | Add +0.9% |
| FENY Fidelity MSCI Energy Index | 0.29% | 53,246 | $1.4M | Add +1.5% |
| CVS CVS Health Corp. | 0.29% | 19,882 | $1.3M | Add +0.4% |
| FMDE Fidelity Enhanced Mid Cap Co. | 0.28% | 41,268 | $1.3M | Add +137.9% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.25% | 32,474 | $1.2M | Add +111.6% |
| NBBK NB Bancorp Inc. | 0.24% | 60,226 | $1.1M | Reduce -11.9% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.21% | 29,447 | $984K | Add +46.1% |
| MDY State Street SPDR S&P Midcap | 0.20% | 1,740 | $928K | No change |
| RDVY First Trust Rising Dividend | 0.19% | 15,233 | $892K | Add +40.2% |
| CGGR Cap Group Growth Equity | 0.19% | 25,901 | $887K | Add +48.2% |
| MDT Medtronic PLC | 0.19% | 9,714 | $873K | Add +4.9% |
| BMY Bristol-Myers Squibb Co. | 0.19% | 14,041 | $856K | Add +82.9% |
| XLI SS Industrial Select Sector | 0.18% | 6,375 | $836K | Reduce -1.2% |
| XLF SS Financial Select Sector | 0.17% | 16,075 | $801K | No change |
| FENI Fidelity Enhanced Intl ETF | 0.16% | 24,534 | $730K | New |
| NVDA Nvidia Corp. | 0.15% | 6,327 | $686K | Reduce -22.6% |
| FTCS First Trust Capital Strength | 0.15% | 7,633 | $684K | Add +25.0% |
| FUTY Fidelity MSCI US Utilities | 0.15% | 13,343 | $680K | Add +2.8% |
| IVE iShares S&P 500 Value ETF | 0.14% | 3,342 | $637K | No change |
| GE General Electric filed as GE AEROSPACE | 0.14% | 3,168 | $634K | Add +0.8% |
| EBC Eastern Bankshares Inc. | 0.12% | 35,000 | $574K | No change |
| XLY SS Consumer Disc Select Sect | 0.12% | 2,811 | $555K | Reduce -5.1% |
| XLV SS Health Care Select Sector | 0.12% | 3,744 | $547K | Reduce -3.2% |
| IWM iShares Russell 2000 ETF | 0.11% | 2,600 | $519K | No change |
| FMAT Fidelity MSCI Materials Indx | 0.10% | 9,839 | $475K | Add +3.5% |
| WFC Wells Fargo & Co. | 0.10% | 6,594 | $473K | Reduce -0.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.10% | 11,114 | $453K | No change |
| INTC Intel Corp. | 0.10% | 19,540 | $444K | Reduce -14.8% |
| FESM Fidelity Enhanced Small Cap | 0.10% | 14,997 | $442K | New |
| ADBE Adobe Inc. | 0.09% | 1,144 | $439K | Reduce -23.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.09% | 1,588 | $436K | Add +10.8% |
Portfolio Sells Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | Reduce -1.0% | 8.49% | −1.17 |
| AAPL Apple Inc. | Reduce -0.1% | 2.25% | −0.30 |
| EMR Emerson Electric Co. | Reduce -0.7% | 1.82% | −0.26 |
| UPS United Parcel Service Class B | Reduce -2.3% | 1.30% | −0.23 |
| WMT Walmart Inc. | Reduce -2.4% | 3.85% | −0.22 |
| MRK Merck & Co. Inc. | Reduce -0.4% | 1.75% | −0.20 |
| LMT Lockheed Martin Corp. | Reduce -0.9% | 1.52% | −0.15 |
| DOW Dow Inc. | Reduce -13.5% | 0.43% | −0.14 |
| NVDA Nvidia Corp. | Reduce -22.6% | 0.15% | −0.09 |
| BAC Bank of America Corp. | Reduce -0.7% | 1.29% | −0.08 |
| TXN Texas Instruments Inc. | Reduce -1.6% | 1.05% | −0.07 |
| GIS General Mills Inc. | Reduce -5.3% | 0.43% | −0.06 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.05 |
| ADBE Adobe Inc. | Reduce -23.0% | 0.09% | −0.05 |
| SYY Sysco Corp. | Reduce -2.1% | 0.98% | −0.04 |
| TSLA Tesla Inc. | Reduce -0.4% | 0.07% | −0.04 |
| NBBK NB Bancorp Inc. | Reduce -11.9% | 0.24% | −0.03 |
| PFE Pfizer Inc. | Reduce -0.9% | 0.49% | −0.03 |
| XLY SS Consumer Disc Select Sect | Reduce -5.1% | 0.12% | −0.02 |
| NEE Nextera Energy Inc. | Reduce -1.0% | 0.92% | −0.02 |
| ITW Illinois Tool Works | Reduce -0.0% | 0.87% | −0.02 |
| DFS Discover Financial Services | Reduce -0.9% | 0.78% | −0.02 |
| TJX TJX Companies Inc. | Reduce -1.7% | 0.98% | −0.01 |
| CSX CSX Corp. | Reduce -5.9% | 0.07% | −0.01 |
| LNT Alliant Energy Corp. | Reduce -18.9% | 0.07% | −0.01 |
| NECB Northeast Community Bancorp | Reduce -9.8% | 0.05% | −0.01 |
| CAT Caterpillar Inc. | Reduce -0.3% | 0.05% | −0.01 |
| FNCL Fidelity MSCI Financial Indx | Reduce -1.9% | 0.51% | −0.01 |
| INTC Intel Corp. | Reduce -14.8% | 0.10% | −0.00 |
| XLI SS Industrial Select Sector | Reduce -1.2% | 0.18% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -2.0% | 2.98% | −0.00 |
| WFC Wells Fargo & Co. | Reduce -0.2% | 0.10% | +0.00 |
| XLV SS Health Care Select Sector | Reduce -3.2% | 0.12% | +0.00 |
| PG The Procter & Gamble Co. | Reduce -1.2% | 3.26% | +0.01 |
| CL Colgate-Palmolive Co. | Reduce -1.2% | 0.52% | +0.01 |
| KMB Kimberly-Clark Corp. | Reduce -4.3% | 0.48% | +0.02 |
| SYK Stryker Corp. | Reduce -1.0% | 1.45% | +0.03 |
| VZ Verizon Communications Inc. | Reduce -1.5% | 0.32% | +0.03 |
| MO Altria Group Inc. | Reduce -4.1% | 0.39% | +0.03 |
| AMGN Amgen Inc. | Reduce -0.2% | 0.35% | +0.06 |
| TTE Totalenergies SE -Spon ADR | Reduce -1.5% | 0.44% | +0.06 |
| CSCO Cisco Systems Inc. | Reduce -0.2% | 1.99% | +0.07 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 1.36% | +0.08 |
| DUK Duke Energy Corp. | Reduce -1.4% | 0.82% | +0.08 |
| MCD McDonald's Corp. | Reduce -0.0% | 2.25% | +0.15 |
| KO The Coca-Cola Co. | Reduce -0.7% | 1.55% | +0.19 |
| ABT Abbott Laboratories | Reduce -2.1% | 1.60% | +0.20 |
| CVX Chevron Corp. | Reduce -1.7% | 1.91% | +0.22 |
| IBM Intl Business Machines Corp. | Reduce -2.1% | 2.54% | +0.24 |
| XOM Exxon Mobil Corp. | Reduce -0.4% | 3.09% | +0.28 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.5% | 1.50% | +0.23 |
| FENI Fidelity Enhanced Intl ETF | New | 0.16% | +0.16 |
| FMDE Fidelity Enhanced Mid Cap Co. | Add +137.9% | 0.28% | +0.16 |
| PM Philip Morris International | Add +0.2% | 0.56% | +0.14 |
| CGDV Cap Group Dividend Value | Add +111.6% | 0.25% | +0.13 |
| RTX RTX Corp. | Add +0.9% | 0.96% | +0.13 |
| META Meta Platforms Inc. Class A | Add +53.6% | 0.35% | +0.12 |
| MMM 3M Co. | Add +1.2% | 0.83% | +0.11 |
| CVS CVS Health Corp. | Add +0.4% | 0.29% | +0.10 |
| FESM Fidelity Enhanced Small Cap | New | 0.10% | +0.10 |
| BMY Bristol-Myers Squibb Co. | Add +82.9% | 0.19% | +0.09 |
| SCHD Schwab US DVD Equity ETF | Add +5.9% | 0.91% | +0.07 |
| V Visa Inc. Class A | Add +0.9% | 0.59% | +0.06 |
| CGUS Cap Group Core Equity | Add +46.1% | 0.21% | +0.06 |
| VXUS Vanguard Total Intl Stock | Add +7.5% | 0.51% | +0.06 |
| RDVY First Trust Rising Dividend | Add +40.2% | 0.19% | +0.05 |
| CI The Cigna Group | Add +0.7% | 0.31% | +0.05 |
| CGGR Cap Group Growth Equity | Add +48.2% | 0.19% | +0.05 |
| XLE SS Energy Select Sector | New | 0.05% | +0.05 |
| FTCS First Trust Capital Strength | Add +25.0% | 0.15% | +0.03 |
| UNP Union Pacific Corp. | Add +3.9% | 0.42% | +0.03 |
| MDT Medtronic PLC | Add +4.9% | 0.19% | +0.03 |
| GE General Electric | Add +0.8% | 0.14% | +0.02 |
| FENY Fidelity MSCI Energy Index | Add +1.5% | 0.29% | +0.02 |
| FSTA Fidelity MSCI Cons Stap Indx | Add +4.6% | 0.31% | +0.02 |
| FHLC Fidelity MSCI Health Care | Add +0.1% | 0.48% | +0.02 |
| SHW The Sherwin-Williams Co. | Add +2.2% | 0.42% | +0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +1.4% | 1.63% | +0.02 |
| BA The Boeing Co. | Add +6.4% | 0.71% | +0.01 |
| FUTY Fidelity MSCI US Utilities | Add +2.8% | 0.15% | +0.01 |
| FREL Fidelity MSCI RL Est Indx | Add +7.4% | 0.07% | +0.01 |
| HD Home Depot Inc. | Add +7.4% | 0.53% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +10.8% | 0.09% | +0.00 |
| FMAT Fidelity MSCI Materials Indx | Add +3.5% | 0.10% | +0.00 |
| DFAS Dimensional US Small Cap ETF | Add +7.1% | 0.07% | −0.00 |
| FIDU Fidelity MSCI Indust Indx | Add +1.5% | 0.36% | −0.01 |
| FCOM Fidelity MSCI Comm Serv Indx | Add +0.9% | 0.30% | −0.01 |
| FDIS Fidelity MSCI Cons Discr Ind | Add +1.8% | 0.33% | −0.05 |
| ITOT iShares Core S&P Total U.S. | Add +2.3% | 1.49% | −0.05 |
| IJR iShares Core S&P Small-Cap E | Add +6.0% | 1.25% | −0.05 |
| LOW Lowe's Cos Inc. | Add +1.1% | 1.27% | −0.06 |
| USB US Bancorp | Add +2.5% | 0.63% | −0.07 |
| HON Honeywell International Inc. | Add +1.2% | 1.26% | −0.07 |
| DIS The Walt Disney Co. | Add +1.0% | 0.69% | −0.08 |
| FTEC Fidelity MSCI Info Tech Indx | Add +3.7% | 0.82% | −0.09 |
| AMZN Amazon.com Inc. | Add +1.0% | 0.88% | −0.13 |
| IVV iShares Core S&P 500 ETF | Add +1.3% | 4.12% | −0.15 |
| GOOGL Alphabet Inc. Class A | Add +2.6% | 1.07% | −0.21 |
| IJH iShares Core S&P Midcap ETF | Add +1.2% | 3.77% | −0.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 129 | $572.5M | MSFT, IVV, IJH, JNJ, WMT |
| Q1 2026 | 126 | $532.6M | MSFT, WMT, IVV, IJH, JNJ |
| Q4 2025 | 124 | $528.9M | MSFT, IVV, IJH, WMT, JNJ |
| Q3 2025 | 127 | $517.9M | MSFT, IVV, IJH, WMT, JPM |
| Q2 2025 | 125 | $496.4M | MSFT, IVV, WMT, IJH, JPM |
| Q1 2025 | 118 | $462.3M | MSFT, IVV, WMT, IJH, ABBV |
| Q4 2024 | 116 | $460.9M | MSFT, IVV, WMT, IJH, PG |
| Q3 2024 | 120 | $473.0M | MSFT, IVV, IJH, WMT, PG |
| Q2 2024 | 119 | $443.8M | MSFT, IVV, IJH, PG, WMT |
| Q1 2024 | 121 | $433.0M | MSFT, IVV, IJH, PG, JNJ |