Lynch & Associates

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 8, 2026), Lynch & Associates reported 126 stock positions worth $532.6 million. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Walmart (WMT, 4.1%) and iShares Core S&P 500 ETF (IVV, 4.1%). Compared with Q4 2025, it opened 4 new positions, sold out of 2, added to 62 and reduced 37. The biggest buy was a new position in First Merchants (FRME) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
EVANSVILLE, IN
CIK
0001108965
Portfolio Value
$532.6M (Q1 2026)
SEC Filing
0001108965-26-000002 ↗ filed Apr 8, 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 Q4 2025 Q1 2026: $532.6M $532.6M Q1 2026 Q2 2026: $572.5M Q2 2026

Holdings 126 stocks · $532.6M
MSFT Microsoft Corp. 7.02% 101,040 $37.4M Reduce -0.3%
WMT Walmart Inc. 4.14% 177,528 $22.1M Reduce -1.9%
IVV iShares Core S&P 500 ETF 4.10% 33,408 $21.8M Add +0.3%
IJH iShares Core S&P Midcap ETF 4.04% 318,565 $21.5M Add +1.7%
JNJ Johnson & Johnson 3.98% 86,755 $21.2M Reduce -1.3%
XOM Exxon Mobil Corp. 3.85% 120,782 $20.5M Reduce -1.4%
JPM JPMorgan Chase & Co. 2.90% 52,450 $15.4M Reduce -0.3%
ABBV Abbvie Inc. 2.85% 69,841 $15.2M Add +0.1%
AAPL Apple Inc. 2.38% 49,934 $12.7M Add +0.9%
PG The Procter & Gamble Co. 2.34% 86,377 $12.5M Reduce -0.7%
CSCO Cisco Systems Inc. 2.17% 148,792 $11.5M Reduce -0.9%
MRK Merck & Co. Inc. 2.11% 93,438 $11.2M Add +0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.10% 46,175 $11.2M Reduce -1.3%
CVX Chevron Corp. 2.07% 53,173 $11.0M Add +1.2%
MCD McDonald's Corp. 2.00% 34,292 $10.7M Add +0.7%
EMR Emerson Electric Co. 1.79% 72,821 $9.5M Reduce -1.2%
LMT Lockheed Martin Corp. 1.76% 15,523 $9.4M Reduce -0.7%
SPYV SS SPDR P S&P 500 Value ETF 1.71% 161,288 $9.1M Add +2.5%
GOOGL Alphabet Inc. Class A 1.65% 30,573 $8.8M Add +0.5%
ITOT iShares Core S&P Total U.S. 1.55% 57,884 $8.2M Add +1.8%
LLY Eli Lilly & Co. 1.51% 8,738 $8.0M No change
IJR iShares Core S&P Small-Cap E 1.42% 60,798 $7.6M Add +2.4%
KO The Coca-Cola Co. 1.38% 96,303 $7.3M Reduce -0.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.32% 144,559 $7.0M Add +0.5%
RTX RTX Corp. 1.31% 36,041 $7.0M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 1.17% 13,012 $6.2M Reduce -0.5%
LOW Lowe's Cos Inc. 1.17% 26,271 $6.2M Add +2.2%
NEE Nextera Energy Inc. 1.11% 63,835 $5.9M Add +3.3%
HON Honeywell International Inc. 1.11% 26,075 $5.9M Reduce -2.1%
SYK Stryker Corp. 1.09% 17,675 $5.8M Reduce -0.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.06% 35,374 $5.6M Reduce -0.8%
ABT Abbott Laboratories 0.98% 50,985 $5.2M Reduce -5.0%
SCHD Schwab US DVD Equity ETF 0.97% 168,142 $5.2M Add +3.3%
FTEC Fidelity MSCI Info Tech Indx 0.95% 24,271 $5.0M Add +2.5%
FRME First Merchants Corp. 0.95% 130,000 $5.0M New
UPS United Parcel Service Class B 0.89% 48,405 $4.8M Add +15.8%
TXN Texas Instruments Inc. 0.89% 24,315 $4.7M Add +11.9%
COF Capital One Financial Corp. 0.80% 23,319 $4.3M Reduce -0.8%
ITW Illinois Tool Works 0.80% 16,321 $4.2M Reduce -1.7%
SYY Sysco Corp. 0.78% 57,863 $4.1M Add +0.3%
BA The Boeing Co. 0.77% 20,500 $4.1M Add +0.7%
DUK Duke Energy Corp. 0.76% 30,766 $4.0M Add +0.1%
USB US Bancorp 0.73% 74,313 $3.9M Add +1.4%
AMZN Amazon.com Inc. 0.72% 18,451 $3.8M Reduce -2.8%
VXUS Vanguard Total Intl Stock 0.72% 49,638 $3.8M Add +15.0%
MMM 3M Co. 0.68% 24,984 $3.6M Reduce -1.1%
FMDE Fidelity Enhanced Mid Cap Co. 0.62% 92,107 $3.3M Add +33.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.56% 30,706 $3.0M Add +1.5%
TTE Totalenergies SE 0.52% 30,321 $2.8M Reduce -2.4%
XLK SS Technology Select Sector 0.50% 20,228 $2.7M No change
FNCL Fidelity MSCI Financial Indx 0.49% 37,303 $2.6M Add +3.4%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.48% 59,584 $2.5M Add +41.2%
PM Philip Morris International 0.48% 15,317 $2.5M Add +0.9%
FHLC Fidelity MSCI Health Care 0.48% 35,991 $2.5M Add +1.2%
HD Home Depot Inc. 0.47% 7,663 $2.5M Add +5.5%
PFE Pfizer Inc. 0.46% 88,000 $2.5M Add +23.7%
V Visa Inc. Class A 0.46% 8,091 $2.4M Add +0.7%
CGGR Cap Group Growth Equity 0.45% 59,452 $2.4M Add +56.7%
META Meta Platforms Inc. Class A 0.43% 3,962 $2.3M Add +3.7%
AMGN Amgen Inc. 0.42% 6,352 $2.2M Add +1.8%
FIDU Fidelity MSCI Indust Indx 0.41% 25,319 $2.2M Reduce -4.3%
FENI Fidelity Enhanced Intl ETF 0.39% 55,913 $2.1M Add +35.7%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.38% 52,838 $2.0M Add +46.5%
FENY Fidelity MSCI Energy Index 0.38% 59,179 $2.0M Add +0.1%
CVS CVS Health Corp. 0.37% 27,218 $2.0M Reduce -0.2%
MO Altria Group Inc. 0.36% 29,089 $1.9M Reduce -1.0%
FDIS Fidelity MSCI Cons Discr Ind 0.35% 19,932 $1.9M Add +3.3%
SHW The Sherwin-Williams Co. 0.34% 5,724 $1.8M Add +0.6%
UNP Union Pacific Corp. 0.34% 7,480 $1.8M Add +0.4%
CL Colgate-Palmolive Co. 0.34% 21,279 $1.8M Add +3.0%
RDVY First Trust Rising Dividend 0.33% 25,956 $1.8M Add +34.7%
VZ Verizon Communications Inc. 0.32% 34,138 $1.7M Add +1.4%
FCOM Fidelity MSCI Comm Serv Indx 0.31% 24,584 $1.7M Reduce -0.2%
FSTA Fidelity MSCI Cons Stap Indx 0.29% 29,771 $1.6M Reduce -3.9%
AVGO Broadcom Inc. 0.28% 4,903 $1.5M Add +20.5%
NVDA Nvidia Corp. 0.27% 8,256 $1.4M Add +3.9%
FTCS First Trust Capital Strength 0.26% 14,816 $1.4M Add +28.3%
MDT Medtronic PLC 0.25% 15,565 $1.3M Add +2.4%
FESM Fidelity Enhanced Small Cap 0.23% 32,322 $1.2M Add +50.1%
KMB Kimberly-Clark Corp. 0.22% 12,290 $1.2M Reduce -9.6%
NBBK NB Bancorp Inc. 0.21% 53,334 $1.1M Reduce -1.8%
MDY State Street SPDR S&P Midcap 0.20% 1,740 $1.1M No change
XLI SS Industrial Select Sector 0.19% 6,375 $1.0M No change
BMY Bristol-Myers Squibb Co. 0.18% 16,182 $981K Add +15.3%
CI The Cigna Group 0.18% 3,651 $974K Add +20.1%
GE General Electric filed as GE AEROSPACE 0.17% 3,168 $899K No change
FUTY Fidelity MSCI US Utilities 0.17% 15,043 $889K Add +5.3%
XLF SS Financial Select Sector 0.14% 15,350 $758K Reduce -0.5%
DFAS Dimensional US Small Cap ETF 0.14% 10,608 $755K Add +31.4%
WM Waste Management Inc. 0.14% 3,220 $740K Add +5.8%
EBC Eastern Bankshares Inc. 0.13% 35,000 $685K No change
FMAT Fidelity MSCI Materials Indx 0.12% 11,313 $652K Add +1.2%
IWM iShares Russell 2000 ETF 0.12% 2,610 $647K Add +0.4%
GIS General Mills Inc. 0.12% 17,093 $636K Reduce -21.5%
XLY SS Consumer Disc Select Sect 0.12% 5,668 $618K No change
IVE iShares S&P 500 Value ETF 0.11% 2,750 $581K No change
WFC Wells Fargo & Co. 0.11% 7,163 $570K Add +6.7%
XLV SS Health Care Select Sector 0.10% 3,744 $549K No change
SPSM SS SPDR P S&P 600 Small Cap 0.10% 11,114 $537K No change
VTI VG Morningstar TS MKT ETF-US 0.09% 1,459 $468K Add +1.4%
GEV GE Vernova Inc. 0.08% 499 $436K No change
ORCL Oracle Corp. 0.08% 2,858 $420K Reduce -10.9%
TSLA Tesla Inc. 0.08% 1,082 $402K Add +18.3%
RF Regions Financial Corp. 0.07% 15,281 $399K No change
CAT Caterpillar Inc. 0.07% 558 $395K No change
CB Chubb Ltd. 0.07% 1,206 $393K Add +8.8%
CSX CSX Corp. 0.07% 8,796 $361K Reduce -5.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 553 $360K No change
FREL Fidelity MSCI RL Est Indx 0.06% 12,669 $341K Add +6.6%
KEY Keycorp 0.06% 16,975 $340K Reduce -2.9%
COST Costco Wholesale Corp. 0.06% 341 $339K Reduce -6.3%
GIB Cgi Inc. 0.06% 4,526 $331K Reduce -15.3%
XLP SS Consumer Staples Sel Sect 0.06% 3,982 $326K No change
LNT Alliant Energy Corp. 0.06% 4,406 $316K No change
AVBC Avidia Bancorp Inc. 0.06% 15,206 $299K No change
VOOV Vanguard S&P 500 Value ETF 0.05% 1,300 $265K No change
SOLS Solstice Adv Materials Inc. 0.05% 3,438 $262K Reduce -24.9%
HBAN Huntington Bancshares Inc. 0.05% 16,250 $254K No change
APH Amphenol Corp. Class A 0.05% 2,000 $253K No change
XLE SS Energy Select Sector 0.04% 3,493 $214K New
VRT Vertiv Holdings Co. Class A 0.04% 850 $213K New
PLTR Palantir Technologies Inc. Class A 0.04% 1,435 $210K Add +9.8%
INTC Intel Corp. 0.04% 4,621 $204K New
BCDS Blaqclouds Inc. 0.00% 30,000 $135 No change
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 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -0.3% 7.02% −2.24
FSFG First Savings Financial Grp Sold out 0.00% −0.92
IBM Intl Business Machines Corp. Reduce -1.3% 2.10% −0.52
JPM JPMorgan Chase & Co. Reduce -0.3% 2.90% −0.31
ABT Abbott Laboratories Reduce -5.0% 0.98% −0.29
COF Capital One Financial Corp. Reduce -0.8% 0.80% −0.28
AMZN Amazon.com Inc. Reduce -2.8% 0.72% −0.11
SYK Stryker Corp. Reduce -0.6% 1.09% −0.09
MMM 3M Co. Reduce -1.1% 0.68% −0.08
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 1.17% −0.07
GIS General Mills Inc. Reduce -21.5% 0.12% −0.07
EMR Emerson Electric Co. Reduce -1.2% 1.79% −0.06
CVS CVS Health Corp. Reduce -0.2% 0.37% −0.04
DFUS Dimensional US Eq MKT ETF Sold out 0.00% −0.04
ORCL Oracle Corp. Reduce -10.9% 0.08% −0.04
KMB Kimberly-Clark Corp. Reduce -9.6% 0.22% −0.04
GIB Cgi Inc. Reduce -15.3% 0.06% −0.03
FCOM Fidelity MSCI Comm Serv Indx Reduce -0.2% 0.31% −0.03
CSCO Cisco Systems Inc. Reduce -0.9% 2.17% −0.02
XLF SS Financial Select Sector Reduce -0.5% 0.14% −0.02
PG The Procter & Gamble Co. Reduce -0.7% 2.34% −0.01
KEY Keycorp Reduce -2.9% 0.06% −0.00
FIDU Fidelity MSCI Indust Indx Reduce -4.3% 0.41% −0.00
CSX CSX Corp. Reduce -5.4% 0.07% +0.00
FSTA Fidelity MSCI Cons Stap Indx Reduce -3.9% 0.29% +0.00
COST Costco Wholesale Corp. Reduce -6.3% 0.06% +0.00
SOLS Solstice Adv Materials Inc. Reduce -24.9% 0.05% +0.01
NBBK NB Bancorp Inc. Reduce -1.8% 0.21% +0.01
ITW Illinois Tool Works Reduce -1.7% 0.80% +0.02
TJX TJX Companies Inc. Reduce -0.8% 1.06% +0.03
MO Altria Group Inc. Reduce -1.0% 0.36% +0.04
RTX RTX Corp. Reduce -0.4% 1.31% +0.05
KO The Coca-Cola Co. Reduce -0.9% 1.38% +0.09
HON Honeywell International Inc. Reduce -2.1% 1.11% +0.12
TTE Totalenergies SE Reduce -2.4% 0.52% +0.13
WMT Walmart Inc. Reduce -1.9% 4.14% +0.33
LMT Lockheed Martin Corp. Reduce -0.7% 1.76% +0.33
JNJ Johnson & Johnson Reduce -1.3% 3.98% +0.54
XOM Exxon Mobil Corp. Reduce -1.4% 3.85% +1.06

Portfolio Buys Q4 2025 → Q1 2026
FRME First Merchants Corp. New 0.95% +0.95
CVX Chevron Corp. Add +1.2% 2.07% +0.55
MRK Merck & Co. Inc. Add +0.5% 2.11% +0.26
NEE Nextera Energy Inc. Add +3.3% 1.11% +0.18
TXN Texas Instruments Inc. Add +11.9% 0.89% +0.17
FMDE Fidelity Enhanced Mid Cap Co. Add +33.5% 0.62% +0.15
IJH iShares Core S&P Midcap ETF Add +1.7% 4.04% +0.13
CGGR Cap Group Growth Equity Add +56.7% 0.45% +0.13
PFE Pfizer Inc. Add +23.7% 0.46% +0.13
CGDV Cap Group Dividend Value Add +41.2% 0.48% +0.13
SCHD Schwab US DVD Equity ETF Add +3.3% 0.97% +0.12
UPS United Parcel Service Class B Add +15.8% 0.89% +0.11
CGUS Cap Group Core Equity Add +46.5% 0.38% +0.11
FENI Fidelity Enhanced Intl ETF Add +35.7% 0.39% +0.11
VXUS Vanguard Total Intl Stock Add +15.0% 0.72% +0.10
FENY Fidelity MSCI Energy Index Add +0.1% 0.38% +0.10
RDVY First Trust Rising Dividend Add +34.7% 0.33% +0.08
FESM Fidelity Enhanced Small Cap Add +50.1% 0.23% +0.08
DUK Duke Energy Corp. Add +0.1% 0.76% +0.08
IJR iShares Core S&P Small-Cap E Add +2.4% 1.42% +0.07
VZ Verizon Communications Inc. Add +1.4% 0.32% +0.06
FTCS First Trust Capital Strength Add +28.3% 0.26% +0.06
BMY Bristol-Myers Squibb Co. Add +15.3% 0.18% +0.04
XLE SS Energy Select Sector New 0.04% +0.04
VRT Vertiv Holdings Co. Class A New 0.04% +0.04
INTC Intel Corp. New 0.04% +0.04
DFAS Dimensional US Small Cap ETF Add +31.4% 0.14% +0.04
MCD McDonald's Corp. Add +0.7% 2.00% +0.03
AMGN Amgen Inc. Add +1.8% 0.42% +0.03
CL Colgate-Palmolive Co. Add +3.0% 0.34% +0.03
CI The Cigna Group Add +20.1% 0.18% +0.02
SPYV SS SPDR P S&P 500 Value ETF Add +2.5% 1.71% +0.02
AVGO Broadcom Inc. Add +20.5% 0.28% +0.02
FUTY Fidelity MSCI US Utilities Add +5.3% 0.17% +0.02
PM Philip Morris International Add +0.9% 0.48% +0.02
UNP Union Pacific Corp. Add +0.4% 0.34% +0.01
WM Waste Management Inc. Add +5.8% 0.14% +0.01
FMAT Fidelity MSCI Materials Indx Add +1.2% 0.12% +0.01
CB Chubb Ltd. Add +8.8% 0.07% +0.01
FREL Fidelity MSCI RL Est Indx Add +6.6% 0.06% +0.00
HD Home Depot Inc. Add +5.5% 0.47% +0.00
IWM iShares Russell 2000 ETF Add +0.4% 0.12% +0.00
TSLA Tesla Inc. Add +18.3% 0.08% −0.00
VTI VG Morningstar TS MKT ETF-US Add +1.4% 0.09% −0.00
SHW The Sherwin-Williams Co. Add +0.6% 0.34% −0.00
PLTR Palantir Technologies Inc. Class A Add +9.8% 0.04% −0.00
LOW Lowe's Cos Inc. Add +2.2% 1.17% −0.01
NVDA Nvidia Corp. Add +3.9% 0.27% −0.01
WFC Wells Fargo & Co. Add +6.7% 0.11% −0.01
USB US Bancorp Add +1.4% 0.73% −0.01

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