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

0$200.0M$400.0M$600.0M Q1 2024: $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 $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 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%
RF Regions Financial Corp. 0.08% 16,531 $359K No change
LNT Alliant Energy Corp. 0.07% 5,381 $346K Reduce -18.9%
TSLA Tesla Inc. 0.07% 1,336 $346K Reduce -0.4%
COST Costco Wholesale Corp. 0.07% 360 $340K No change
FREL Fidelity MSCI RL Est Indx 0.07% 12,147 $334K Add +7.4%
XLP SS Consumer Staples Sel Sect 0.07% 3,982 $325K No change
KEY Keycorp 0.07% 19,975 $319K No change
DFAS Dimensional US Small Cap ETF 0.07% 5,271 $315K Add +7.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 553 $309K No change
CSX CSX Corp. 0.07% 10,360 $305K Reduce -5.9%
VOOV Vanguard S&P 500 Value ETF 0.06% 1,425 $262K No change
HBAN Huntington Bancshares Inc. 0.05% 16,250 $244K No change
CAT Caterpillar Inc. 0.05% 708 $233K Reduce -0.3%
NECB Northeast Community Bancorp 0.05% 9,250 $217K Reduce -9.8%
ADP Automatic Data Processing 0.05% 702 $214K No change
XLE SS Energy Select Sector 0.05% 2,235 $209K New
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 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

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