Lynch & Associates

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 15, 2025), Lynch & Associates reported 125 stock positions worth $496.4 million. Its top holding was Microsoft (MSFT) at 10.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.3%) and Walmart (WMT, 3.9%). Compared with Q1 2025, it opened 10 new positions, sold out of 3, added to 60 and reduced 39. The biggest buy was a new position in Capital One Financial (COF) and the biggest sale an exit from Discover Financial Services (DFS).

Most Recent 13F
Q2 2026
Location
EVANSVILLE, IN
CIK
0001108965
Portfolio Value
$496.4M (Q2 2025)
SEC Filing
0001108965-25-000005 ↗ filed Jul 15, 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 Q1 2025 Q2 2025: $496.4M $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 125 stocks · $496.4M
MSFT Microsoft Corp. 10.41% 103,923 $51.7M Reduce -0.6%
IVV iShares Core S&P 500 ETF 4.30% 34,406 $21.4M Add +1.4%
WMT Walmart Inc. 3.86% 195,843 $19.1M Reduce -3.3%
IJH iShares Core S&P Midcap ETF 3.80% 304,495 $18.9M Add +1.9%
JPM JPMorgan Chase & Co. 3.21% 54,979 $15.9M Reduce -2.0%
PG The Procter & Gamble Co. 2.83% 88,128 $14.0M Reduce -0.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.80% 47,149 $13.9M Reduce -0.2%
JNJ Johnson & Johnson 2.77% 90,118 $13.8M Add +0.8%
ABBV Abbvie Inc. 2.74% 73,361 $13.6M Add +1.0%
XOM Exxon Mobil Corp. 2.66% 122,321 $13.2M Add +1.9%
CSCO Cisco Systems Inc. 2.09% 149,705 $10.4M Add +0.6%
EMR Emerson Electric Co. 2.05% 76,233 $10.2M Reduce -0.5%
MCD McDonald's Corp. 1.97% 33,387 $9.8M Add +0.2%
AAPL Apple Inc. 1.94% 46,993 $9.6M Add +0.4%
ABT Abbott Laboratories 1.61% 58,833 $8.0M Add +5.7%
SPYV SS SPDR P S&P 500 Value ETF 1.59% 150,508 $7.9M Add +1.9%
ITOT iShares Core S&P Total U.S. 1.55% 57,057 $7.7M Add +0.7%
CVX Chevron Corp. 1.50% 51,986 $7.4M Reduce -1.4%
LMT Lockheed Martin Corp. 1.47% 15,753 $7.3M Reduce -0.0%
KO The Coca-Cola Co. 1.43% 100,462 $7.1M Add +0.1%
SYK Stryker Corp. 1.42% 17,874 $7.1M Reduce -0.5%
MRK Merck & Co. Inc. 1.42% 89,173 $7.1M Reduce -1.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.38% 144,784 $6.9M Add +0.9%
LLY Eli Lilly & Co. 1.35% 8,564 $6.7M Add +12.8%
HON Honeywell International Inc. 1.30% 27,669 $6.4M Add +0.6%
BRK.B Berkshire Hathaway Inc. Class B 1.29% 13,221 $6.4M Add +1.5%
IJR iShares Core S&P Small-Cap E 1.22% 55,404 $6.1M Add +0.5%
GOOGL Alphabet Inc. Class A 1.13% 31,945 $5.6M Reduce -0.4%
LOW Lowe's Cos Inc. 1.13% 25,241 $5.6M Reduce -0.1%
TXN Texas Instruments Inc. 1.12% 26,709 $5.5M Reduce -1.4%
UPS United Parcel Service Class B 1.09% 53,809 $5.4M Reduce -1.4%
AMZN Amazon.com Inc. 1.00% 22,516 $4.9M Add +5.2%
RTX RTX Corp. 0.99% 33,819 $4.9M Add +0.4%
FTEC Fidelity MSCI Info Tech Indx 0.97% 24,518 $4.8M Add +4.1%
COF Capital One Financial Corp. 0.95% 22,067 $4.7M New
SYY Sysco Corp. 0.91% 59,909 $4.5M Reduce -0.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.91% 36,731 $4.5M Reduce -1.6%
BA The Boeing Co. 0.84% 19,849 $4.2M Add +3.5%
NEE Nextera Energy Inc. 0.83% 59,596 $4.1M Reduce -0.3%
SCHD Schwab US DVD Equity ETF 0.83% 155,613 $4.1M Add +3.4%
MMM 3M Co. 0.81% 26,381 $4.0M Add +1.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.80% 32,199 $4.0M No change
ITW Illinois Tool Works 0.80% 16,122 $4.0M Reduce -0.1%
FSFG First Savings Financial Grp 0.77% 152,998 $3.8M Reduce 0.0%
DUK Duke Energy Corp. 0.75% 31,737 $3.7M Add +2.6%
USB US Bancorp 0.64% 69,845 $3.2M Add +1.3%
PM Philip Morris International 0.59% 16,104 $2.9M Reduce -2.1%
V Visa Inc. Class A 0.58% 8,057 $2.9M Add +2.8%
VXUS Vanguard Total Intl Stock 0.55% 39,770 $2.7M Add +4.0%
FNCL Fidelity MSCI Financial Indx 0.52% 34,820 $2.6M Add +3.6%
XLK SS Technology Select Sector 0.52% 10,114 $2.6M Reduce -1.1%
HD Home Depot Inc. 0.50% 6,818 $2.5M Add +2.5%
META Meta Platforms Inc. Class A 0.49% 3,317 $2.4M Add +17.8%
CL Colgate-Palmolive Co. 0.47% 25,571 $2.3M Reduce -0.1%
FHLC Fidelity MSCI Health Care 0.43% 33,706 $2.2M Add +3.1%
PFE Pfizer Inc. 0.40% 81,964 $2.0M Reduce -7.8%
KMB Kimberly-Clark Corp. 0.40% 15,400 $2.0M Reduce -1.0%
FIDU Fidelity MSCI Indust Indx 0.40% 25,388 $2.0M Add +5.2%
SHW The Sherwin-Williams Co. 0.39% 5,653 $1.9M Add +1.6%
TTE Totalenergies SE -Spon ADR 0.38% 31,046 $1.9M Reduce -0.9%
UNP Union Pacific Corp. 0.37% 8,020 $1.8M Reduce -3.1%
MO Altria Group Inc. 0.37% 31,018 $1.8M Add +2.9%
FMDE Fidelity Enhanced Mid Cap Co. 0.36% 52,050 $1.8M Add +26.1%
GIS General Mills Inc. 0.36% 34,448 $1.8M Add +3.7%
FDIS Fidelity MSCI Cons Discr Ind 0.35% 18,262 $1.7M Add +0.5%
FCOM Fidelity MSCI Comm Serv Indx 0.33% 25,292 $1.6M Add +3.7%
CVS CVS Health Corp. 0.32% 22,878 $1.6M Add +15.1%
VZ Verizon Communications Inc. 0.29% 33,758 $1.5M Add +2.5%
AMGN Amgen Inc. 0.29% 5,194 $1.5M Add +1.0%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.29% 36,652 $1.4M Add +12.9%
CI The Cigna Group 0.29% 4,373 $1.4M Reduce -0.1%
FSTA Fidelity MSCI Cons Stap Indx 0.29% 27,978 $1.4M Add +0.5%
FENY Fidelity MSCI Energy Index 0.26% 54,505 $1.3M Add +2.4%
CGGR Cap Group Growth Equity 0.26% 31,213 $1.3M Add +20.5%
NVDA Nvidia Corp. 0.25% 7,762 $1.2M Add +22.7%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.24% 32,360 $1.2M Add +9.9%
DOW Dow Inc. 0.21% 39,603 $1.0M Reduce -31.0%
FENI Fidelity Enhanced Intl ETF 0.21% 31,133 $1.0M Add +26.9%
RDVY First Trust Rising Dividend 0.21% 16,459 $1.0M Add +8.1%
NBBK NB Bancorp Inc. 0.20% 56,851 $1.0M Reduce -5.6%
MDY State Street SPDR S&P Midcap 0.20% 1,740 $986K No change
AVGO Broadcom Inc. 0.19% 3,436 $947K New
XLI SS Industrial Select Sector 0.19% 6,375 $940K No change
FTCS First Trust Capital Strength 0.18% 9,637 $876K Add +26.3%
MDT Medtronic PLC 0.17% 9,767 $851K Add +0.6%
XLF SS Financial Select Sector 0.17% 15,875 $831K Reduce -1.2%
GE General Electric filed as GE AEROSPACE 0.16% 3,168 $815K No change
CTAS Cintas Corp. 0.16% 3,497 $779K New
FUTY Fidelity MSCI US Utilities 0.14% 13,605 $716K Add +2.0%
WM Waste Management Inc. 0.14% 3,080 $705K New
IVE iShares S&P 500 Value ETF 0.13% 3,342 $653K No change
BMY Bristol-Myers Squibb Co. 0.13% 13,986 $647K Reduce -0.4%
XLY SS Consumer Disc Select Sect 0.12% 2,834 $616K Add +0.8%
GIB Cgi Inc. 0.12% 5,688 $596K New
IWM iShares Russell 2000 ETF 0.11% 2,600 $561K No change
WFC Wells Fargo & Co. 0.11% 6,729 $539K Add +2.0%
EBC Eastern Bankshares Inc. 0.11% 35,000 $534K No change
FMAT Fidelity MSCI Materials Indx 0.10% 10,278 $513K Add +4.5%
XLV SS Health Care Select Sector 0.10% 3,744 $505K No change
FESM Fidelity Enhanced Small Cap 0.10% 15,504 $496K Add +3.4%
ORCL Oracle Corp. 0.10% 2,191 $479K New
SPSM SS SPDR P S&P 600 Small Cap 0.10% 11,114 $473K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.09% 746 $461K Add +34.9%
TSLA Tesla Inc. 0.09% 1,378 $438K Add +3.1%
VTI VG Morningstar TS MKT ETF-US 0.09% 1,438 $437K Reduce -9.4%
INTC Intel Corp. 0.09% 19,395 $434K Reduce -0.7%
RF Regions Financial Corp. 0.08% 16,531 $389K No change
DFAS Dimensional US Small Cap ETF 0.07% 5,645 $360K Add +7.1%
COST Costco Wholesale Corp. 0.07% 363 $359K Add +0.8%
KEY Keycorp 0.07% 19,975 $348K No change
FREL Fidelity MSCI RL Est Indx 0.07% 11,972 $324K Reduce -1.4%
XLP SS Consumer Staples Sel Sect 0.07% 3,982 $322K No change
CSX CSX Corp. 0.06% 9,350 $305K Reduce -9.8%
LNT Alliant Energy Corp. 0.06% 4,918 $297K Reduce -8.6%
GEV GE Vernova Inc. 0.06% 554 $293K New
CAT Caterpillar Inc. 0.06% 708 $275K No change
HBAN Huntington Bancshares Inc. 0.05% 16,250 $272K No change
VOOV Vanguard S&P 500 Value ETF 0.05% 1,300 $245K Reduce -8.8%
ADP Automatic Data Processing 0.04% 700 $216K Reduce -0.3%
APH Amphenol Corp. Class A 0.04% 2,150 $212K New
NECB Northeast Community Bancorp 0.04% 8,750 $203K Reduce -5.4%
CB Chubb Ltd. 0.04% 692 $201K New
WSBK Winchester Bancorp Inc. 0.03% 18,183 $163K 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 Q1 2025 → Q2 2025
DFS Discover Financial Services Sold out 0.00% −0.78
PG The Procter & Gamble Co. Reduce -0.4% 2.83% −0.43
CVX Chevron Corp. Reduce -1.4% 1.50% −0.41
MRK Merck & Co. Inc. Reduce -1.2% 1.42% −0.33
DOW Dow Inc. Reduce -31.0% 0.21% −0.22
UPS United Parcel Service Class B Reduce -1.4% 1.09% −0.20
LOW Lowe's Cos Inc. Reduce -0.1% 1.13% −0.15
ADBE Adobe Inc. Sold out 0.00% −0.09
PFE Pfizer Inc. Reduce -7.8% 0.40% −0.09
NEE Nextera Energy Inc. Reduce -0.3% 0.83% −0.08
FSFG First Savings Financial Grp Reduce 0.0% 0.77% −0.08
KMB Kimberly-Clark Corp. Reduce -1.0% 0.40% −0.08
TJX TJX Companies Inc. Reduce -1.6% 0.91% −0.07
SYY Sysco Corp. Reduce -0.4% 0.91% −0.06
ITW Illinois Tool Works Reduce -0.1% 0.80% −0.06
BMY Bristol-Myers Squibb Co. Reduce -0.4% 0.13% −0.05
TTE Totalenergies SE -Spon ADR Reduce -0.9% 0.38% −0.05
LMT Lockheed Martin Corp. Reduce -0.0% 1.47% −0.05
UNP Union Pacific Corp. Reduce -3.1% 0.37% −0.05
CL Colgate-Palmolive Co. Reduce -0.1% 0.47% −0.05
XLE SS Energy Select Sector Sold out 0.00% −0.05
NBBK NB Bancorp Inc. Reduce -5.6% 0.20% −0.03
SYK Stryker Corp. Reduce -0.5% 1.42% −0.02
CI The Cigna Group Reduce -0.1% 0.29% −0.02
LNT Alliant Energy Corp. Reduce -8.6% 0.06% −0.01
INTC Intel Corp. Reduce -0.7% 0.09% −0.01
VOOV Vanguard S&P 500 Value ETF Reduce -8.8% 0.05% −0.01
FREL Fidelity MSCI RL Est Indx Reduce -1.4% 0.07% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -9.4% 0.09% −0.01
NECB Northeast Community Bancorp Reduce -5.4% 0.04% −0.01
XLF SS Financial Select Sector Reduce -1.2% 0.17% −0.01
CSX CSX Corp. Reduce -9.8% 0.06% −0.00
ADP Automatic Data Processing Reduce -0.3% 0.04% −0.00
WMT Walmart Inc. Reduce -3.3% 3.86% +0.01
PM Philip Morris International Reduce -2.1% 0.59% +0.03
XLK SS Technology Select Sector Reduce -1.1% 0.52% +0.06
GOOGL Alphabet Inc. Class A Reduce -0.4% 1.13% +0.06
TXN Texas Instruments Inc. Reduce -1.4% 1.12% +0.06
EMR Emerson Electric Co. Reduce -0.5% 2.05% +0.23
JPM JPMorgan Chase & Co. Reduce -2.0% 3.21% +0.23
IBM Intl Business Machines Corp. Reduce -0.2% 2.80% +0.26
MSFT Microsoft Corp. Reduce -0.6% 10.41% +1.93

Portfolio Buys Q1 2025 → Q2 2025
COF Capital One Financial Corp. New 0.95% +0.95
AVGO Broadcom Inc. New 0.19% +0.19
IVV iShares Core S&P 500 ETF Add +1.4% 4.30% +0.18
CTAS Cintas Corp. New 0.16% +0.16
FTEC Fidelity MSCI Info Tech Indx Add +4.1% 0.97% +0.15
META Meta Platforms Inc. Class A Add +17.8% 0.49% +0.14
WM Waste Management Inc. New 0.14% +0.14
BA The Boeing Co. Add +3.5% 0.84% +0.13
GIB Cgi Inc. New 0.12% +0.12
AMZN Amazon.com Inc. Add +5.2% 1.00% +0.11
CSCO Cisco Systems Inc. Add +0.6% 2.09% +0.11
NVDA Nvidia Corp. Add +22.7% 0.25% +0.10
ORCL Oracle Corp. New 0.10% +0.10
BAC Bank of America Corp. Add +0.9% 1.38% +0.09
FMDE Fidelity Enhanced Mid Cap Co. Add +26.1% 0.36% +0.08
CGGR Cap Group Growth Equity Add +20.5% 0.26% +0.06
GEV GE Vernova Inc. New 0.06% +0.06
ITOT iShares Core S&P Total U.S. Add +0.7% 1.55% +0.06
FENI Fidelity Enhanced Intl ETF Add +26.9% 0.21% +0.05
APH Amphenol Corp. Class A New 0.04% +0.04
CGDV Cap Group Dividend Value Add +12.9% 0.29% +0.04
CB Chubb Ltd. New 0.04% +0.04
VXUS Vanguard Total Intl Stock Add +4.0% 0.55% +0.04
FIDU Fidelity MSCI Indust Indx Add +5.2% 0.40% +0.04
HON Honeywell International Inc. Add +0.6% 1.30% +0.04
FCOM Fidelity MSCI Comm Serv Indx Add +3.7% 0.33% +0.03
IJH iShares Core S&P Midcap ETF Add +1.9% 3.80% +0.03
WSBK Winchester Bancorp Inc. New 0.03% +0.03
RTX RTX Corp. Add +0.4% 0.99% +0.03
FTCS First Trust Capital Strength Add +26.3% 0.18% +0.03
CGUS Cap Group Core Equity Add +9.9% 0.24% +0.03
CVS CVS Health Corp. Add +15.1% 0.32% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +34.9% 0.09% +0.03
RDVY First Trust Rising Dividend Add +8.1% 0.21% +0.02
ABT Abbott Laboratories Add +5.7% 1.61% +0.01
FNCL Fidelity MSCI Financial Indx Add +3.6% 0.52% +0.01
FDIS Fidelity MSCI Cons Discr Ind Add +0.5% 0.35% +0.01
TSLA Tesla Inc. Add +3.1% 0.09% +0.01
USB US Bancorp Add +1.3% 0.64% +0.01
WFC Wells Fargo & Co. Add +2.0% 0.11% +0.01
DFAS Dimensional US Small Cap ETF Add +7.1% 0.07% +0.00
FESM Fidelity Enhanced Small Cap Add +3.4% 0.10% +0.00
XLY SS Consumer Disc Select Sect Add +0.8% 0.12% +0.00
FMAT Fidelity MSCI Materials Indx Add +4.5% 0.10% +0.00
COST Costco Wholesale Corp. Add +0.8% 0.07% −0.00
FUTY Fidelity MSCI US Utilities Add +2.0% 0.14% −0.00
LLY Eli Lilly & Co. Add +12.8% 1.35% −0.01
MDT Medtronic PLC Add +0.6% 0.17% −0.02
V Visa Inc. Class A Add +2.8% 0.58% −0.02
MMM 3M Co. Add +1.3% 0.81% −0.02

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