Lynch & Associates
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 7, 2026), Lynch & Associates reported 124 stock positions worth $528.9 million. Its top holding was Microsoft (MSFT) at 9.3% 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 Q3 2025, it opened 1 new position, sold out of 5, added to 50 and reduced 53. The biggest buy was Eli Lilly (LLY, shares +2%) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- EVANSVILLE, IN
- CIK
- 0001108965
- Portfolio Value
- $528.9M (Q4 2025)
- SEC Filing
- 0001108965-26-000001 ↗ filed Jan 7, 2026
Holdings Value
Holdings 124 stocks · $528.9M
| MSFT Microsoft Corp. | 9.27% | 101,334 | $49.0M | Reduce -0.7% |
| IVV iShares Core S&P 500 ETF | 4.32% | 33,320 | $22.8M | Reduce -0.7% |
| IJH iShares Core S&P Midcap ETF | 3.91% | 313,152 | $20.7M | Add +1.9% |
| WMT Walmart Inc. | 3.81% | 181,038 | $20.2M | Reduce -4.5% |
| JNJ Johnson & Johnson | 3.44% | 87,897 | $18.2M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 3.21% | 52,632 | $17.0M | Reduce -2.2% |
| ABBV Abbvie Inc. | 3.01% | 69,772 | $15.9M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 2.79% | 122,482 | $14.7M | Add +2.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.62% | 46,791 | $13.9M | Reduce -0.4% |
| AAPL Apple Inc. | 2.54% | 49,510 | $13.5M | Add +4.6% |
| PG The Procter & Gamble Co. | 2.36% | 87,009 | $12.5M | Reduce -0.1% |
| CSCO Cisco Systems Inc. | 2.19% | 150,212 | $11.6M | Add +0.1% |
| MCD McDonald's Corp. | 1.97% | 34,047 | $10.4M | Add +2.6% |
| MRK Merck & Co. Inc. | 1.85% | 92,958 | $9.8M | Add +2.9% |
| EMR Emerson Electric Co. | 1.85% | 73,714 | $9.8M | Reduce -1.5% |
| GOOGL Alphabet Inc. Class A | 1.80% | 30,415 | $9.5M | Reduce -3.8% |
| LLY Eli Lilly & Co. | 1.78% | 8,738 | $9.4M | Add +2.3% |
| SPYV SS SPDR P S&P 500 Value ETF | 1.69% | 157,406 | $8.9M | Add +1.6% |
| ITOT iShares Core S&P Total U.S. | 1.60% | 56,855 | $8.5M | Add +0.6% |
| CVX Chevron Corp. | 1.51% | 52,535 | $8.0M | Add +0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.50% | 143,894 | $7.9M | Reduce -0.3% |
| LMT Lockheed Martin Corp. | 1.43% | 15,632 | $7.6M | Add +0.8% |
| IJR iShares Core S&P Small-Cap E | 1.35% | 59,380 | $7.1M | Add +3.4% |
| KO The Coca-Cola Co. | 1.28% | 97,170 | $6.8M | Add +0.2% |
| ABT Abbott Laboratories | 1.27% | 53,681 | $6.7M | Reduce -2.7% |
| RTX RTX Corp. | 1.25% | 36,183 | $6.6M | Add +6.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.24% | 13,081 | $6.6M | Add +0.2% |
| SYK Stryker Corp. | 1.18% | 17,783 | $6.3M | Reduce -1.7% |
| LOW Lowe's Cos Inc. | 1.17% | 25,709 | $6.2M | Add +1.6% |
| COF Capital One Financial Corp. | 1.08% | 23,504 | $5.7M | Add +1.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.04% | 35,647 | $5.5M | Reduce -2.6% |
| FTEC Fidelity MSCI Info Tech Indx | 1.01% | 23,677 | $5.3M | Reduce -0.0% |
| HON Honeywell International Inc. | 0.98% | 26,645 | $5.2M | Reduce -0.9% |
| NEE Nextera Energy Inc. | 0.94% | 61,796 | $5.0M | Add +2.9% |
| FSFG First Savings Financial Grp | 0.92% | 152,500 | $4.9M | No change |
| SCHD Schwab US DVD Equity ETF | 0.84% | 162,740 | $4.5M | Reduce -1.1% |
| BA The Boeing Co. | 0.84% | 20,353 | $4.4M | Add +1.9% |
| AMZN Amazon.com Inc. | 0.83% | 18,975 | $4.4M | Reduce -4.7% |
| SYY Sysco Corp. | 0.80% | 57,668 | $4.2M | Reduce -3.1% |
| UPS United Parcel Service Class B | 0.78% | 41,803 | $4.1M | Reduce -7.5% |
| ITW Illinois Tool Works | 0.77% | 16,606 | $4.1M | Reduce -1.1% |
| MMM 3M Co. | 0.76% | 25,252 | $4.0M | Reduce -0.0% |
| USB US Bancorp | 0.74% | 73,280 | $3.9M | Add +2.6% |
| TXN Texas Instruments Inc. | 0.71% | 21,722 | $3.8M | Reduce -18.4% |
| DUK Duke Energy Corp. | 0.68% | 30,732 | $3.6M | Reduce -2.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.65% | 30,260 | $3.4M | Reduce -4.4% |
| VXUS Vanguard Total Intl Stock | 0.62% | 43,149 | $3.3M | Add +1.5% |
| XLK SS Technology Select Sector | 0.55% | 20,228 | $2.9M | No change |
| V Visa Inc. Class A | 0.53% | 8,033 | $2.8M | Add +0.8% |
| FNCL Fidelity MSCI Financial Indx | 0.53% | 36,071 | $2.8M | Add +1.0% |
| FHLC Fidelity MSCI Health Care | 0.50% | 35,566 | $2.6M | Add +2.6% |
| META Meta Platforms Inc. Class A | 0.48% | 3,819 | $2.5M | Add +4.0% |
| FMDE Fidelity Enhanced Mid Cap Co. | 0.47% | 68,991 | $2.5M | Add +17.9% |
| HD Home Depot Inc. | 0.47% | 7,266 | $2.5M | Reduce -0.8% |
| PM Philip Morris International | 0.46% | 15,182 | $2.4M | Reduce -1.3% |
| FIDU Fidelity MSCI Indust Indx | 0.41% | 26,455 | $2.2M | Reduce -1.0% |
| CVS CVS Health Corp. | 0.41% | 27,280 | $2.2M | Add +9.9% |
| AMGN Amgen Inc. | 0.39% | 6,243 | $2.0M | Add +19.8% |
| TTE Totalenergies SE | 0.38% | 31,051 | $2.0M | Add +0.3% |
| FDIS Fidelity MSCI Cons Discr Ind | 0.37% | 19,294 | $2.0M | Add +1.1% |
| SHW The Sherwin-Williams Co. | 0.35% | 5,689 | $1.8M | Reduce -3.5% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.35% | 42,208 | $1.8M | Add +8.2% |
| FCOM Fidelity MSCI Comm Serv Indx | 0.34% | 24,627 | $1.8M | Reduce -0.9% |
| PFE Pfizer Inc. | 0.33% | 71,143 | $1.8M | Reduce -6.8% |
| UNP Union Pacific Corp. | 0.33% | 7,449 | $1.7M | Reduce -1.3% |
| MO Altria Group Inc. | 0.32% | 29,375 | $1.7M | Reduce -4.4% |
| CGGR Cap Group Growth Equity | 0.32% | 37,943 | $1.7M | Add +14.9% |
| CL Colgate-Palmolive Co. | 0.31% | 20,664 | $1.6M | Reduce -8.1% |
| FSTA Fidelity MSCI Cons Stap Indx | 0.29% | 30,987 | $1.5M | Add +5.8% |
| FENI Fidelity Enhanced Intl ETF | 0.29% | 41,217 | $1.5M | Add +15.8% |
| NVDA Nvidia Corp. | 0.28% | 7,949 | $1.5M | Add +6.1% |
| FENY Fidelity MSCI Energy Index | 0.28% | 59,139 | $1.5M | Add +2.8% |
| MDT Medtronic PLC | 0.28% | 15,197 | $1.5M | Add +40.4% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.27% | 36,075 | $1.5M | Add +5.2% |
| AVGO Broadcom Inc. | 0.27% | 4,069 | $1.4M | Add +5.4% |
| KMB Kimberly-Clark Corp. | 0.26% | 13,600 | $1.4M | Reduce -6.0% |
| VZ Verizon Communications Inc. | 0.26% | 33,678 | $1.4M | Reduce -3.6% |
| RDVY First Trust Rising Dividend | 0.25% | 19,265 | $1.3M | Add +5.4% |
| NBBK NB Bancorp Inc. | 0.20% | 54,334 | $1.1M | Reduce -3.5% |
| FTCS First Trust Capital Strength | 0.20% | 11,545 | $1.1M | Add +9.7% |
| MDY State Street SPDR S&P Midcap | 0.20% | 1,740 | $1.0M | No change |
| GIS General Mills Inc. | 0.19% | 21,763 | $1.0M | Reduce -18.5% |
| XLI SS Industrial Select Sector | 0.19% | 6,375 | $989K | No change |
| GE General Electric filed as GE AEROSPACE | 0.18% | 3,168 | $976K | No change |
| XLF SS Financial Select Sector | 0.16% | 15,425 | $845K | Reduce -2.2% |
| CI The Cigna Group | 0.16% | 3,041 | $837K | Reduce -20.5% |
| FESM Fidelity Enhanced Small Cap | 0.15% | 21,533 | $814K | Add +32.6% |
| FUTY Fidelity MSCI US Utilities | 0.15% | 14,282 | $789K | Reduce -1.9% |
| BMY Bristol-Myers Squibb Co. | 0.14% | 14,041 | $757K | Add +23.7% |
| XLY SS Consumer Disc Select Sect | 0.13% | 5,668 | $677K | No change |
| WM Waste Management Inc. | 0.13% | 3,042 | $668K | Reduce -1.4% |
| EBC Eastern Bankshares Inc. | 0.12% | 35,000 | $645K | No change |
| IWM iShares Russell 2000 ETF | 0.12% | 2,600 | $640K | No change |
| WFC Wells Fargo & Co. | 0.12% | 6,713 | $626K | No change |
| ORCL Oracle Corp. | 0.12% | 3,209 | $625K | Add +7.5% |
| FMAT Fidelity MSCI Materials Indx | 0.11% | 11,176 | $594K | Add +2.9% |
| IVE iShares S&P 500 Value ETF | 0.11% | 2,750 | $583K | Reduce -9.9% |
| XLV SS Health Care Select Sector | 0.11% | 3,744 | $580K | No change |
| DFAS Dimensional US Small Cap ETF | 0.11% | 8,073 | $562K | Add +29.9% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.10% | 11,114 | $521K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -0.7% | 9.27% | −0.95 |
| TXN Texas Instruments Inc. | Reduce -18.4% | 0.71% | −0.23 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 2.36% | −0.23 |
| ABT Abbott Laboratories | Reduce -2.7% | 1.27% | −0.16 |
| SYY Sysco Corp. | Reduce -3.1% | 0.80% | −0.14 |
| ABBV Abbvie Inc. | Reduce -1.1% | 3.01% | −0.14 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.13 |
| HON Honeywell International Inc. | Reduce -0.9% | 0.98% | −0.11 |
| SYK Stryker Corp. | Reduce -1.7% | 1.18% | −0.11 |
| HD Home Depot Inc. | Reduce -0.8% | 0.47% | −0.10 |
| KMB Kimberly-Clark Corp. | Reduce -6.0% | 0.26% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -2.2% | 3.21% | −0.07 |
| ITW Illinois Tool Works | Reduce -1.1% | 0.77% | −0.07 |
| MO Altria Group Inc. | Reduce -4.4% | 0.32% | −0.07 |
| DUK Duke Energy Corp. | Reduce -2.2% | 0.68% | −0.07 |
| GIS General Mills Inc. | Reduce -18.5% | 0.19% | −0.07 |
| DOW Dow Inc. | Sold out | 0.00% | −0.06 |
| INTC Intel Corp. | Sold out | 0.00% | −0.06 |
| CI The Cigna Group | Reduce -20.5% | 0.16% | −0.05 |
| DIS The Walt Disney Co. | Reduce -4.4% | 0.65% | −0.05 |
| EMR Emerson Electric Co. | Reduce -1.5% | 1.85% | −0.05 |
| SHW The Sherwin-Williams Co. | Reduce -3.5% | 0.35% | −0.05 |
| PFE Pfizer Inc. | Reduce -6.8% | 0.33% | −0.04 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -8.1% | 0.31% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -3.6% | 0.26% | −0.04 |
| WSBK Winchester Bancorp Inc. | Sold out | 0.00% | −0.02 |
| SCHD Schwab US DVD Equity ETF | Reduce -1.1% | 0.84% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -0.7% | 4.32% | −0.02 |
| PM Philip Morris International | Reduce -1.3% | 0.46% | −0.02 |
| SOLS Solstice Adv Materials Inc. | Reduce -31.9% | 0.04% | −0.02 |
| UNP Union Pacific Corp. | Reduce -1.3% | 0.33% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -4.7% | 0.83% | −0.02 |
| IVE iShares S&P 500 Value ETF | Reduce -9.9% | 0.11% | −0.01 |
| FIDU Fidelity MSCI Indust Indx | Reduce -1.0% | 0.41% | −0.01 |
| FTEC Fidelity MSCI Info Tech Indx | Reduce -0.0% | 1.01% | −0.01 |
| FUTY Fidelity MSCI US Utilities | Reduce -1.9% | 0.15% | −0.01 |
| WM Waste Management Inc. | Reduce -1.4% | 0.13% | −0.01 |
| CAT Caterpillar Inc. | Reduce -21.2% | 0.06% | −0.00 |
| LNT Alliant Energy Corp. | Reduce -2.2% | 0.05% | −0.00 |
| FREL Fidelity MSCI RL Est Indx | Reduce -1.6% | 0.06% | −0.00 |
| XLF SS Financial Select Sector | Reduce -2.2% | 0.16% | −0.00 |
| KEY Keycorp | Reduce -12.5% | 0.07% | −0.00 |
| PLTR Palantir Technologies Inc. Class A | Reduce -0.8% | 0.04% | −0.00 |
| RF Regions Financial Corp. | Reduce -1.6% | 0.08% | −0.00 |
| CSX CSX Corp. | Reduce -0.5% | 0.06% | −0.00 |
| DFUS Dimensional US Eq MKT ETF | Reduce -0.7% | 0.04% | −0.00 |
| GIB Cgi Inc. | Reduce -1.4% | 0.09% | −0.00 |
| FCOM Fidelity MSCI Comm Serv Indx | Reduce -0.9% | 0.34% | +0.00 |
| MMM 3M Co. | Reduce -0.0% | 0.76% | +0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +2.3% | 1.78% | +0.52 |
| MRK Merck & Co. Inc. | Add +2.9% | 1.85% | +0.39 |
| AAPL Apple Inc. | Add +4.6% | 2.54% | +0.22 |
| CSCO Cisco Systems Inc. | Add +0.1% | 2.19% | +0.20 |
| XOM Exxon Mobil Corp. | Add +2.4% | 2.79% | +0.18 |
| RTX RTX Corp. | Add +6.9% | 1.25% | +0.16 |
| COF Capital One Financial Corp. | Add +1.4% | 1.08% | +0.13 |
| AMGN Amgen Inc. | Add +19.8% | 0.39% | +0.10 |
| MDT Medtronic PLC | Add +40.4% | 0.28% | +0.08 |
| USB US Bancorp | Add +2.6% | 0.74% | +0.07 |
| FMDE Fidelity Enhanced Mid Cap Co. | Add +17.9% | 0.47% | +0.07 |
| NEE Nextera Energy Inc. | Add +2.9% | 0.94% | +0.06 |
| FHLC Fidelity MSCI Health Care | Add +2.6% | 0.50% | +0.05 |
| CVS CVS Health Corp. | Add +9.9% | 0.41% | +0.05 |
| BMY Bristol-Myers Squibb Co. | Add +23.7% | 0.14% | +0.04 |
| FENI Fidelity Enhanced Intl ETF | Add +15.8% | 0.29% | +0.04 |
| KO The Coca-Cola Co. | Add +0.2% | 1.28% | +0.04 |
| FESM Fidelity Enhanced Small Cap | Add +32.6% | 0.15% | +0.04 |
| CGGR Cap Group Growth Equity | Add +14.9% | 0.32% | +0.04 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +1.6% | 1.69% | +0.04 |
| IJH iShares Core S&P Midcap ETF | Add +1.9% | 3.91% | +0.03 |
| IJR iShares Core S&P Small-Cap E | Add +3.4% | 1.35% | +0.03 |
| CGDV Cap Group Dividend Value | Add +8.2% | 0.35% | +0.03 |
| TTE Totalenergies SE | Add +0.3% | 0.38% | +0.03 |
| DFAS Dimensional US Small Cap ETF | Add +29.9% | 0.11% | +0.02 |
| CB Chubb Ltd. | Add +40.0% | 0.07% | +0.02 |
| AVGO Broadcom Inc. | Add +5.4% | 0.27% | +0.02 |
| MCD McDonald's Corp. | Add +2.6% | 1.97% | +0.02 |
| RDVY First Trust Rising Dividend | Add +5.4% | 0.25% | +0.02 |
| CGUS Cap Group Core Equity | Add +5.2% | 0.27% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +1.5% | 0.62% | +0.01 |
| FTCS First Trust Capital Strength | Add +9.7% | 0.20% | +0.01 |
| NVDA Nvidia Corp. | Add +6.1% | 0.28% | +0.01 |
| ITOT iShares Core S&P Total U.S. | Add +0.6% | 1.60% | +0.01 |
| V Visa Inc. Class A | Add +0.8% | 0.53% | +0.01 |
| FSTA Fidelity MSCI Cons Stap Indx | Add +5.8% | 0.29% | +0.01 |
| GEV GE Vernova Inc. | Add +4.0% | 0.06% | +0.00 |
| FNCL Fidelity MSCI Financial Indx | Add +1.0% | 0.53% | +0.00 |
| TSLA Tesla Inc. | Add +5.2% | 0.08% | +0.00 |
| BA The Boeing Co. | Add +1.9% | 0.84% | +0.00 |
| FENY Fidelity MSCI Energy Index | Add +2.8% | 0.28% | +0.00 |
| FMAT Fidelity MSCI Materials Indx | Add +2.9% | 0.11% | +0.00 |
| BCDS Blaqclouds Inc. | New | 0.00% | 0.00 |
| COST Costco Wholesale Corp. | Add +0.3% | 0.06% | −0.01 |
| FDIS Fidelity MSCI Cons Discr Ind | Add +1.1% | 0.37% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.2% | 1.24% | −0.02 |
| ORCL Oracle Corp. | Add +7.5% | 0.12% | −0.04 |
| META Meta Platforms Inc. Class A | Add +4.0% | 0.48% | −0.04 |
| CVX Chevron Corp. | Add +0.9% | 1.51% | −0.05 |
| LOW Lowe's Cos Inc. | Add +1.6% | 1.17% | −0.06 |
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 |