Lynch & Associates

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 7, 2025), Lynch & Associates reported 127 stock positions worth $517.9 million. Its top holding was Microsoft (MSFT) at 10.2% 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 2025, it opened 3 new positions, sold out of 1, added to 47 and reduced 58. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale United Parcel Service Class B (UPS, shares −16%).

Most Recent 13F
Q2 2026
Location
EVANSVILLE, IN
CIK
0001108965
Portfolio Value
$517.9M (Q3 2025)
SEC Filing
0001108965-25-000006 ↗ filed Oct 7, 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 Q2 2025 Q3 2025: $517.9M $517.9M Q3 2025 Q4 2025: $528.9M Q4 2025 Q1 2026: $532.6M Q1 2026 Q2 2026: $572.5M Q2 2026

Holdings 127 stocks · $517.9M
MSFT Microsoft Corp. 10.21% 102,091 $52.9M Reduce -1.8%
IVV iShares Core S&P 500 ETF 4.34% 33,554 $22.5M Reduce -2.5%
IJH iShares Core S&P Midcap ETF 3.87% 307,397 $20.1M Add +0.9%
WMT Walmart Inc. 3.77% 189,536 $19.5M Reduce -3.2%
JPM JPMorgan Chase & Co. 3.28% 53,840 $17.0M Reduce -2.1%
JNJ Johnson & Johnson 3.19% 89,119 $16.5M Reduce -1.1%
ABBV Abbvie Inc. 3.15% 70,546 $16.3M Reduce -3.8%
XOM Exxon Mobil Corp. 2.60% 119,607 $13.5M Reduce -2.2%
PG The Procter & Gamble Co. 2.58% 87,099 $13.4M Reduce -1.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.56% 46,965 $13.3M Reduce -0.4%
AAPL Apple Inc. 2.33% 47,331 $12.1M Add +0.7%
CSCO Cisco Systems Inc. 1.98% 150,119 $10.3M Add +0.3%
MCD McDonald's Corp. 1.95% 33,190 $10.1M Reduce -0.6%
EMR Emerson Electric Co. 1.90% 74,830 $9.8M Reduce -1.8%
SPYV SS SPDR P S&P 500 Value ETF 1.66% 154,921 $8.6M Add +2.9%
ITOT iShares Core S&P Total U.S. 1.59% 56,504 $8.2M Reduce -1.0%
CVX Chevron Corp. 1.56% 52,067 $8.1M Add +0.2%
LMT Lockheed Martin Corp. 1.50% 15,516 $7.7M Reduce -1.5%
GOOGL Alphabet Inc. Class A 1.48% 31,603 $7.7M Reduce -1.1%
MRK Merck & Co. Inc. 1.46% 90,362 $7.6M Add +1.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.44% 144,289 $7.4M Reduce -0.3%
ABT Abbott Laboratories 1.43% 55,164 $7.4M Reduce -6.2%
IJR iShares Core S&P Small-Cap E 1.32% 57,413 $6.8M Add +3.6%
SYK Stryker Corp. 1.29% 18,093 $6.7M Add +1.2%
BRK.B Berkshire Hathaway Inc. Class B 1.27% 13,051 $6.6M Reduce -1.3%
LLY Eli Lilly & Co. 1.26% 8,538 $6.5M Reduce -0.3%
KO The Coca-Cola Co. 1.24% 96,975 $6.4M Reduce -3.5%
LOW Lowe's Cos Inc. 1.23% 25,303 $6.4M Add +0.3%
RTX RTX Corp. 1.09% 33,854 $5.7M Add +0.1%
HON Honeywell International Inc. 1.09% 26,882 $5.7M Reduce -2.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.02% 36,606 $5.3M Reduce -0.3%
FTEC Fidelity MSCI Info Tech Indx 1.02% 23,682 $5.3M Reduce -3.4%
COF Capital One Financial Corp. 0.95% 23,179 $4.9M Add +5.0%
SYY Sysco Corp. 0.95% 59,520 $4.9M Reduce -0.7%
TXN Texas Instruments Inc. 0.94% 26,612 $4.9M Reduce -0.4%
FSFG First Savings Financial Grp 0.93% 152,500 $4.8M Reduce -0.3%
NEE Nextera Energy Inc. 0.88% 60,056 $4.5M Add +0.8%
SCHD Schwab US DVD Equity ETF 0.87% 164,581 $4.5M Add +5.8%
ITW Illinois Tool Works 0.85% 16,791 $4.4M Add +4.2%
AMZN Amazon.com Inc. 0.84% 19,903 $4.4M Reduce -11.6%
BA The Boeing Co. 0.83% 19,980 $4.3M Add +0.7%
MMM 3M Co. 0.76% 25,261 $3.9M Reduce -4.3%
DUK Duke Energy Corp. 0.75% 31,427 $3.9M Reduce -1.0%
UPS United Parcel Service Class B 0.73% 45,166 $3.8M Reduce -16.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.70% 31,643 $3.6M Reduce -1.7%
USB US Bancorp 0.67% 71,389 $3.5M Add +2.2%
VXUS Vanguard Total Intl Stock 0.60% 42,528 $3.1M Add +6.9%
HD Home Depot Inc. 0.57% 7,326 $3.0M Add +7.5%
XLK SS Technology Select Sector 0.55% 10,114 $2.9M No change
FNCL Fidelity MSCI Financial Indx 0.53% 35,724 $2.7M Add +2.6%
V Visa Inc. Class A 0.53% 7,965 $2.7M Reduce -1.1%
META Meta Platforms Inc. Class A 0.52% 3,673 $2.7M Add +10.7%
PM Philip Morris International 0.48% 15,387 $2.5M Reduce -4.5%
FHLC Fidelity MSCI Health Care 0.45% 34,649 $2.3M Add +2.8%
FIDU Fidelity MSCI Indust Indx 0.42% 26,726 $2.2M Add +5.3%
FMDE Fidelity Enhanced Mid Cap Co. 0.41% 58,507 $2.1M Add +12.4%
SHW The Sherwin-Williams Co. 0.39% 5,896 $2.0M Add +4.3%
MO Altria Group Inc. 0.39% 30,713 $2.0M Reduce -1.0%
FDIS Fidelity MSCI Cons Discr Ind 0.38% 19,083 $2.0M Add +4.5%
PFE Pfizer Inc. 0.38% 76,340 $1.9M Reduce -6.9%
CVS CVS Health Corp. 0.36% 24,813 $1.9M Add +8.5%
TTE Totalenergies SE -Spon ADR 0.36% 30,956 $1.8M Reduce -0.3%
KMB Kimberly-Clark Corp. 0.35% 14,475 $1.8M Reduce -6.0%
CL Colgate-Palmolive Co. 0.35% 22,479 $1.8M Reduce -12.1%
UNP Union Pacific Corp. 0.34% 7,545 $1.8M Reduce -5.9%
FCOM Fidelity MSCI Comm Serv Indx 0.34% 24,855 $1.8M Reduce -1.7%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.32% 39,015 $1.6M Add +6.5%
VZ Verizon Communications Inc. 0.30% 34,943 $1.5M Add +3.5%
AMGN Amgen Inc. 0.28% 5,211 $1.5M Add +0.3%
FSTA Fidelity MSCI Cons Stap Indx 0.28% 29,278 $1.5M Add +4.7%
CGGR Cap Group Growth Equity 0.28% 33,022 $1.5M Add +5.8%
FENY Fidelity MSCI Energy Index 0.27% 57,518 $1.4M Add +5.5%
NVDA Nvidia Corp. 0.27% 7,489 $1.4M Reduce -3.5%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.26% 34,278 $1.4M Add +5.9%
GIS General Mills Inc. 0.26% 26,708 $1.3M Reduce -22.5%
AVGO Broadcom Inc. 0.25% 3,860 $1.3M Add +12.3%
FENI Fidelity Enhanced Intl ETF 0.24% 35,593 $1.3M Add +14.3%
RDVY First Trust Rising Dividend 0.24% 18,284 $1.2M Add +11.1%
CI The Cigna Group 0.21% 3,825 $1.1M Reduce -12.5%
MDY State Street SPDR S&P Midcap 0.20% 1,740 $1.0M No change
MDT Medtronic PLC 0.20% 10,827 $1.0M Add +10.8%
NBBK NB Bancorp Inc. 0.19% 56,334 $994K Reduce -0.9%
FTCS First Trust Capital Strength 0.19% 10,524 $985K Add +9.2%
XLI SS Industrial Select Sector 0.19% 6,375 $983K No change
GE General Electric filed as GE AEROSPACE 0.18% 3,168 $953K No change
XLF SS Financial Select Sector 0.16% 15,775 $850K Reduce -0.6%
ORCL Oracle Corp. 0.16% 2,985 $840K Add +36.2%
FUTY Fidelity MSCI US Utilities 0.16% 14,552 $822K Add +7.0%
WM Waste Management Inc. 0.13% 3,086 $681K Add +0.2%
XLY SS Consumer Disc Select Sect 0.13% 2,834 $679K No change
CTAS Cintas Corp. 0.13% 3,269 $671K Reduce -6.5%
EBC Eastern Bankshares Inc. 0.12% 35,000 $635K No change
IVE iShares S&P 500 Value ETF 0.12% 3,054 $631K Reduce -8.6%
IWM iShares Russell 2000 ETF 0.12% 2,600 $629K No change
FESM Fidelity Enhanced Small Cap 0.11% 16,244 $594K Add +4.8%
FMAT Fidelity MSCI Materials Indx 0.11% 10,860 $569K Add +5.7%
WFC Wells Fargo & Co. 0.11% 6,713 $563K Reduce -0.2%
XLV SS Health Care Select Sector 0.10% 3,744 $521K No change
SPSM SS SPDR P S&P 600 Small Cap 0.10% 11,114 $515K No change
BMY Bristol-Myers Squibb Co. 0.10% 11,351 $512K Reduce -18.8%
GIB Cgi Inc. 0.09% 5,423 $483K Reduce -4.7%
VTI VG Morningstar TS MKT ETF-US 0.09% 1,439 $472K Add +0.1%
DFAS Dimensional US Small Cap ETF 0.08% 6,216 $426K Add +10.1%
RF Regions Financial Corp. 0.08% 15,531 $410K Reduce -6.0%
TSLA Tesla Inc. 0.07% 870 $387K Reduce -36.9%
KEY Keycorp 0.07% 19,975 $373K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 553 $368K Reduce -25.9%
CAT Caterpillar Inc. 0.07% 708 $338K No change
COST Costco Wholesale Corp. 0.06% 363 $336K No change
FREL Fidelity MSCI RL Est Indx 0.06% 12,072 $336K Add +0.8%
CSX CSX Corp. 0.06% 9,350 $332K No change
DOW Dow Inc. 0.06% 14,050 $322K Reduce -64.5%
XLP SS Consumer Staples Sel Sect 0.06% 3,982 $312K No change
LNT Alliant Energy Corp. 0.06% 4,506 $304K Reduce -8.4%
INTC Intel Corp. 0.06% 8,985 $301K Reduce -53.7%
GEV GE Vernova Inc. 0.06% 480 $295K Reduce -13.4%
HBAN Huntington Bancshares Inc. 0.05% 16,250 $281K No change
VOOV Vanguard S&P 500 Value ETF 0.05% 1,300 $259K No change
APH Amphenol Corp. Class A 0.05% 2,000 $248K Reduce -7.0%
PLTR Palantir Technologies Inc. Class A 0.05% 1,317 $240K New
AVBC Avidia Bancorp Inc. 0.04% 15,206 $227K New
CB Chubb Ltd. 0.04% 792 $224K Add +14.4%
DFUS Dimensional US Eq MKT ETF 0.04% 2,927 $212K New
ADP Automatic Data Processing 0.04% 700 $205K No change
WSBK Winchester Bancorp Inc. 0.02% 13,183 $126K Reduce -27.5%
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 2025 → Q3 2025
UPS United Parcel Service Class B Reduce -16.1% 0.73% −0.37
PG The Procter & Gamble Co. Reduce -1.2% 2.58% −0.24
IBM Intl Business Machines Corp. Reduce -0.4% 2.56% −0.24
HON Honeywell International Inc. Reduce -2.8% 1.09% −0.21
MSFT Microsoft Corp. Reduce -1.8% 10.21% −0.20
KO The Coca-Cola Co. Reduce -3.5% 1.24% −0.19
ABT Abbott Laboratories Reduce -6.2% 1.43% −0.19
TXN Texas Instruments Inc. Reduce -0.4% 0.94% −0.17
EMR Emerson Electric Co. Reduce -1.8% 1.90% −0.15
AMZN Amazon.com Inc. Reduce -11.6% 0.84% −0.15
DOW Dow Inc. Reduce -64.5% 0.06% −0.15
CL Colgate-Palmolive Co. Reduce -12.1% 0.35% −0.12
PM Philip Morris International Reduce -4.5% 0.48% −0.11
DIS The Walt Disney Co. Reduce -1.7% 0.70% −0.10
GIS General Mills Inc. Reduce -22.5% 0.26% −0.10
LLY Eli Lilly & Co. Reduce -0.3% 1.26% −0.09
WMT Walmart Inc. Reduce -3.2% 3.77% −0.09
CI The Cigna Group Reduce -12.5% 0.21% −0.08
XOM Exxon Mobil Corp. Reduce -2.2% 2.60% −0.05
KMB Kimberly-Clark Corp. Reduce -6.0% 0.35% −0.05
MMM 3M Co. Reduce -4.3% 0.76% −0.05
V Visa Inc. Class A Reduce -1.1% 0.53% −0.05
NECB Northeast Community Bancorp Sold out 0.00% −0.04
BMY Bristol-Myers Squibb Co. Reduce -18.8% 0.10% −0.03
INTC Intel Corp. Reduce -53.7% 0.06% −0.03
CTAS Cintas Corp. Reduce -6.5% 0.13% −0.03
UNP Union Pacific Corp. Reduce -5.9% 0.34% −0.03
TTE Totalenergies SE -Spon ADR Reduce -0.3% 0.36% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.3% 1.27% −0.03
GIB Cgi Inc. Reduce -4.7% 0.09% −0.03
PFE Pfizer Inc. Reduce -6.9% 0.38% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -25.9% 0.07% −0.02
MCD McDonald's Corp. Reduce -0.6% 1.95% −0.02
TSLA Tesla Inc. Reduce -36.9% 0.07% −0.01
NBBK NB Bancorp Inc. Reduce -0.9% 0.19% −0.01
IVE iShares S&P 500 Value ETF Reduce -8.6% 0.12% −0.01
WSBK Winchester Bancorp Inc. Reduce -27.5% 0.02% −0.01
DUK Duke Energy Corp. Reduce -1.0% 0.75% −0.00
XLF SS Financial Select Sector Reduce -0.6% 0.16% −0.00
GEV GE Vernova Inc. Reduce -13.4% 0.06% −0.00
LNT Alliant Energy Corp. Reduce -8.4% 0.06% −0.00
WFC Wells Fargo & Co. Reduce -0.2% 0.11% 0.00
RF Regions Financial Corp. Reduce -6.0% 0.08% +0.00
APH Amphenol Corp. Class A Reduce -7.0% 0.05% +0.01
FCOM Fidelity MSCI Comm Serv Indx Reduce -1.7% 0.34% +0.01
NVDA Nvidia Corp. Reduce -3.5% 0.27% +0.02
MO Altria Group Inc. Reduce -1.0% 0.39% +0.03
LMT Lockheed Martin Corp. Reduce -1.5% 1.50% +0.03
SYY Sysco Corp. Reduce -0.7% 0.95% +0.03
IVV iShares Core S&P 500 ETF Reduce -2.5% 4.34% +0.03

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +0.7% 2.33% +0.38
LOW Lowe's Cos Inc. Add +0.3% 1.23% +0.10
RTX RTX Corp. Add +0.1% 1.09% +0.10
IJR iShares Core S&P Small-Cap E Add +3.6% 1.32% +0.10
HD Home Depot Inc. Add +7.5% 0.57% +0.07
IJH iShares Core S&P Midcap ETF Add +0.9% 3.87% +0.07
SPYV SS SPDR P S&P 500 Value ETF Add +2.9% 1.66% +0.07
ORCL Oracle Corp. Add +36.2% 0.16% +0.07
CVX Chevron Corp. Add +0.2% 1.56% +0.06
AVGO Broadcom Inc. Add +12.3% 0.25% +0.06
VXUS Vanguard Total Intl Stock Add +6.9% 0.60% +0.05
FMDE Fidelity Enhanced Mid Cap Co. Add +12.4% 0.41% +0.05
PLTR Palantir Technologies Inc. Class A New 0.05% +0.05
AVBC Avidia Bancorp Inc. New 0.04% +0.04
CVS CVS Health Corp. Add +8.5% 0.36% +0.04
ITW Illinois Tool Works Add +4.2% 0.85% +0.04
MRK Merck & Co. Inc. Add +1.3% 1.46% +0.04
NEE Nextera Energy Inc. Add +0.8% 0.88% +0.04
DFUS Dimensional US Eq MKT ETF New 0.04% +0.04
SCHD Schwab US DVD Equity ETF Add +5.8% 0.87% +0.04
FENI Fidelity Enhanced Intl ETF Add +14.3% 0.24% +0.03
FDIS Fidelity MSCI Cons Discr Ind Add +4.5% 0.38% +0.03
USB US Bancorp Add +2.2% 0.67% +0.03
RDVY First Trust Rising Dividend Add +11.1% 0.24% +0.03
META Meta Platforms Inc. Class A Add +10.7% 0.52% +0.03
MDT Medtronic PLC Add +10.8% 0.20% +0.03
FIDU Fidelity MSCI Indust Indx Add +5.3% 0.42% +0.03
CGDV Cap Group Dividend Value Add +6.5% 0.32% +0.03
CGGR Cap Group Growth Equity Add +5.8% 0.28% +0.02
CGUS Cap Group Core Equity Add +5.9% 0.26% +0.02
FENY Fidelity MSCI Energy Index Add +5.5% 0.27% +0.02
FESM Fidelity Enhanced Small Cap Add +4.8% 0.11% +0.01
FUTY Fidelity MSCI US Utilities Add +7.0% 0.16% +0.01
FTCS First Trust Capital Strength Add +9.2% 0.19% +0.01
FHLC Fidelity MSCI Health Care Add +2.8% 0.45% +0.01
DFAS Dimensional US Small Cap ETF Add +10.1% 0.08% +0.01
FNCL Fidelity MSCI Financial Indx Add +2.6% 0.53% +0.01
FMAT Fidelity MSCI Materials Indx Add +5.7% 0.11% +0.01
COF Capital One Financial Corp. Add +5.0% 0.95% +0.01
SHW The Sherwin-Williams Co. Add +4.3% 0.39% +0.00
VTI VG Morningstar TS MKT ETF-US Add +0.1% 0.09% +0.00
CB Chubb Ltd. Add +14.4% 0.04% +0.00
VZ Verizon Communications Inc. Add +3.5% 0.30% +0.00
FREL Fidelity MSCI RL Est Indx Add +0.8% 0.06% −0.00
BA The Boeing Co. Add +0.7% 0.83% −0.01
FSTA Fidelity MSCI Cons Stap Indx Add +4.7% 0.28% −0.01
AMGN Amgen Inc. Add +0.3% 0.28% −0.01
WM Waste Management Inc. Add +0.2% 0.13% −0.01
CSCO Cisco Systems Inc. Add +0.3% 1.98% −0.11
SYK Stryker Corp. Add +1.2% 1.29% −0.13

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