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

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 Q3 2025 Q4 2025: $528.9M $528.9M Q4 2025 Q1 2026: $532.6M Q1 2026 Q2 2026: $572.5M Q2 2026

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
GIB Cgi Inc. 0.09% 5,345 $493K Reduce -1.4%
VTI VG Morningstar TS MKT ETF-US 0.09% 1,439 $482K No change
RF Regions Financial Corp. 0.08% 15,281 $414K Reduce -1.6%
TSLA Tesla Inc. 0.08% 915 $411K Add +5.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 553 $377K No change
KEY Keycorp 0.07% 17,475 $361K Reduce -12.5%
CB Chubb Ltd. 0.07% 1,109 $346K Add +40.0%
CSX CSX Corp. 0.06% 9,300 $337K Reduce -0.5%
GEV GE Vernova Inc. 0.06% 499 $326K Add +4.0%
CAT Caterpillar Inc. 0.06% 558 $320K Reduce -21.2%
FREL Fidelity MSCI RL Est Indx 0.06% 11,883 $320K Reduce -1.6%
COST Costco Wholesale Corp. 0.06% 364 $313K Add +0.3%
XLP SS Consumer Staples Sel Sect 0.06% 3,982 $309K No change
LNT Alliant Energy Corp. 0.05% 4,406 $286K Reduce -2.2%
HBAN Huntington Bancshares Inc. 0.05% 16,250 $282K No change
APH Amphenol Corp. Class A 0.05% 2,000 $270K No change
VOOV Vanguard S&P 500 Value ETF 0.05% 1,300 $266K No change
AVBC Avidia Bancorp Inc. 0.05% 15,206 $256K No change
PLTR Palantir Technologies Inc. Class A 0.04% 1,307 $232K Reduce -0.8%
SOLS Solstice Adv Materials Inc. 0.04% 4,577 $222K Reduce -31.9%
DFUS Dimensional US Eq MKT ETF 0.04% 2,907 $216K Reduce -0.7%
BCDS Blaqclouds Inc. 0.00% 30,000 $87 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 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

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