GERMAN AMERICAN BANCORP, INC.

CIK 714395 · View on SEC EDGAR ↗

Portfolio value
$1.3B
#2,019 of 9,443 by 13F value · top 21.4%
Positions
156
As of
June 30, 2026

Portfolio value QoQ: +14.4% 13F does not disclose cash

Top 10 holdings weight
53.95%
Top 25 holdings weight
77.99%
Positions above 1%
25
Effective number of positions
25.3

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 3.47% Est. buys $45,271,143 · sells $43,131,958

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 83.4% still held

New positions
21
Increased
37
Decreased
70
Closed
13
On this page

Sector breakdown

Technology
20.0%
Financials
6.7%
Communication Services
6.2%
Healthcare
5.4%
Retail
4.8%
Industrials
4.0%
Financial Services
3.3%
Energy
1.3%
Communications
1.0%
Consumer Discretionary
1.0%
Consumer Staples
0.9%
Consumer products
0.8%
Logistics & Transportation
0.6%
Utilities
0.1%
Telecommunication
0.1%
Materials
0.0%
Other/Unmapped
43.9%

Full portfolio 156 positions

Type Streak 8Q trend
ACWX iShares MSCI ACWI ex U.S. ETF $134,892,569 10.15% 1,772,337 $20,279,815 Up ×2
IWR $105,972,840 7.98% 960,595 $12,698,546 Up ×2
GVI $99,757,098 7.51% 940,262 $5,321,829 Up ×6
IWM $65,526,943 4.93% 218,096 $11,555,199 Up ×2
MU Micron Technology, Inc. - Common Stock $58,358,593 4.39% 50,558 $35,050,674 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $57,051,261 4.29% 159,642 $10,051,880 Down ×3
NVDA NVIDIA Corporation - Common Stock $53,535,280 4.03% 267,556 $6,598,311 Down ×3
AAPL Apple Inc. - Common Stock $53,158,614 4.00% 183,711 $6,160,767 Down ×3
GABC German American Bancorp, Inc. - Common Stock $45,153,538 3.40% 951,402 $4,747,958 Down ×1
MSFT Microsoft Corporation - Common Stock $43,198,327 3.25% 115,807 $1,952,876 Up ×2
IVV $41,337,979 3.11% 55,199 $4,471,460 Down ×2
AMZN Amazon.com, Inc. - Common Stock $35,224,268 2.65% 147,790 $3,821,734 Down ×1
SPY SPY $31,120,579 2.34% 41,673 $3,173,141 Down ×5
AVGO Broadcom Inc. - Common Stock $24,361,853 1.83% 64,492 $6,676,452 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $21,763,835 1.64% 38,637 $-664,805 Down ×1
XLU XLU $21,607,275 1.63% 476,561 $-72,537 Up ×4
CAT Caterpillar, Inc. Common Stock $20,467,378 1.54% 19,220 $6,658,076 Down ×5
JPM JP Morgan Chase & Co. Common Stock $18,771,393 1.41% 57,347 $1,976,622 Up ×1
LLY Eli Lilly and Company Common Stock $18,374,068 1.38% 15,319 $4,554,524 Up ×2
MS Morgan Stanley Common Stock $16,736,787 1.26% 80,065 $3,476,395 Down ×1
MUB $14,438,083 1.09% 134,158 $300,602 Up ×1
BAC Bank of America Corporation Common Stock $14,408,703 1.08% 252,873 $2,037,708 Down ×3
BRKB $13,934,860 1.05% 27,848 $2,423,039 Up ×4
MA Mastercard Incorporated Common Stock $13,594,478 1.02% 26,469 $93,166 Down ×5
RTX RTX Corporation Common Stock $13,271,992 1.00% 69,952 $-153,848 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $13,061,199 0.98% 111,197 $4,404,018 Down ×3
COST Costco Wholesale Corporation - Common Stock $12,840,261 0.97% 13,726 $-1,011,112 Down ×1
ORCL Oracle Corporation Common Stock $12,779,013 0.96% 87,199 $-68,691 Down ×1
JNJ Johnson & Johnson Common Stock $12,545,864 0.94% 49,399 $479,084 Up ×2
BLK BlackRock, Inc. Common Stock $10,815,626 0.81% 11,248 $-69,969 Down ×1
KO Coca-Cola Company (The) Common Stock $10,457,010 0.79% 128,670 $596,367 Down ×3
UNH UnitedHealth Group Incorporated Common Stock (DE) $10,057,830 0.76% 24,199 $3,480,870 Down ×1
GM General Motors Company Common Stock $10,018,318 0.75% 129,973 $247,271 Down ×1
PG Procter & Gamble Company (The) Common Stock $9,921,222 0.75% 67,657 $78,070 Down ×1
XOM Exxon Mobil Corporation Common Stock $9,297,643 0.70% 68,005 $-3,871,366 Down ×3
WMT Walmart Inc. - Common Stock $8,552,489 0.64% 75,512 $-576,995 Up ×5
MTB M&T Bank Corporation Common Stock $8,454,829 0.64% 35,523 $1,065,003 Down ×1
FDX FedEx Corporation Common Stock $8,433,843 0.63% 26,934 $-1,223,265 Down ×1
ABT Abbott Laboratories Common Stock $7,660,543 0.58% 84,423 $-1,318,667 Down ×3
ABBV AbbVie Inc. Common Stock $7,118,643 0.54% 28,289 $914,741 Down ×3
NOC Northrop Grumman Corporation Common Stock $6,658,209 0.50% 13,073 $-609,693 Up ×3
XLY XLY $5,560,010 0.42% 47,408 $261,185 Down ×2
TJX TJX Companies, Inc. (The) Common Stock $5,359,615 0.40% 35,377 $-160,255 Up ×4
BA Boeing Company (The) Common Stock $5,082,282 0.38% 23,478 $221,771 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $4,910,821 0.37% 9,795 $-178,972 Down ×1
SUB $4,669,667 0.35% 43,859 $753,556 Up ×1
SNPS Synopsys, Inc. - Common Stock $4,234,988 0.32% 9,494 $277,325 Down ×1
COP ConocoPhillips Common Stock $4,141,246 0.31% 39,835 $-2,583,626 Down ×3
DIS Walt Disney Company (The) Common Stock $3,812,847 0.29% 39,614 $-29,341 Down ×1
VYM $3,764,432 0.28% 23,821 $236,542
CRM Salesforce, Inc. Common Stock $3,690,596 0.28% 23,558 $2,298,972 Up ×1
HON Honeywell International Inc. - Common Stock $3,581,616 0.27% 15,996 $-3,659,255 Down ×1
Unknown issuer (CUSIP: 43849R105) $3,536,506 0.27% 15,996 Up ×1
DHR Danaher Corporation Common Stock $3,369,400 0.25% 17,689 $-151,092 Down ×1
PFE Pfizer, Inc. Common Stock $3,331,082 0.25% 138,334 $-614,916 Down ×1
PSX Phillips 66 Common Stock $3,328,425 0.25% 19,689 $-1,403,153 Down ×3
ADI Analog Devices, Inc. - Common Stock $3,252,027 0.24% 8,188 Up ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $3,078,795 0.23% 37,251 $-27,888 Down ×2
XLK XLK $2,687,284 0.20% 14,105 $689,000 Down ×2
QQQ Invesco QQQ Trust, Series 1 $2,646,621 0.20% 3,594 $585,512 Up ×1
NKE Nike, Inc. Common Stock $2,558,933 0.19% 62,337 $-942,082 Down ×1
V Visa Inc. $2,218,419 0.17% 6,466 $280,154 Up ×2
MRVL Marvell Technology, Inc. - Common Stock $2,128,721 0.16% 7,146 Up ×1
Unknown issuer (CUSIP: 314352105) $2,033,290 0.15% 13,465 Up ×1
VTI $1,913,106 0.14% 5,170 $254,519
XLC XLC $1,813,603 0.14% 16,929 $-59,709 Up ×1
SPDW $1,584,916 0.12% 31,453 $149,087
AMGN Amgen Inc. - Common Stock $1,540,574 0.12% 4,254 $26,100 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $1,519,079 0.11% 2,615 $977,345 Down ×1
ZTS Zoetis Inc. Class A Common Stock $1,376,765 0.10% 19,159 $-1,016,632 Down ×1
Unknown issuer (CUSIP: 38414G104) $1,243,985 0.09% 1,230 $249,947 Up ×1
VO $1,149,169 0.09% 14,263 $116,757 Up ×1
XLF XLF $1,055,580 0.08% 19,690 $83,485
TXN Texas Instruments Incorporated - Common Stock $1,041,158 0.08% 3,493 $376,423 Up ×2
IWD $1,032,024 0.08% 4,257 $122,431
DE Deere & Company Common Stock $1,026,345 0.08% 1,618 $114,926
HD Home Depot, Inc. (The) Common Stock $1,013,602 0.08% 2,874 $36,470 Down ×3
SPTM $955,564 0.07% 10,525 $123,458
INTC Intel Corporation - Common Stock $943,340 0.07% 6,756 $593,522 Down ×1
EFA $933,465 0.07% 8,986 $45,017 Down ×3
MDY $873,991 0.07% 1,242 $107,587
VUG $851,752 0.06% 9,888 $131,923 Up ×1
AMAT Applied Materials, Inc. - Common Stock $812,652 0.06% 1,124 $470,862 Up ×1
ITOT $726,073 0.05% 4,420 $96,533
VXUS Vanguard Total International Stock ETF $689,818 0.05% 8,069 $84,968 Up ×1
IEFA $683,110 0.05% 7,073
CRH CRH PLC Ordinary Shares $654,626 0.05% 6,118 $11,502
VB $649,283 0.05% 2,142 $16,223 Down ×1
PM Philip Morris International Inc Common Stock $647,838 0.05% 3,581 $55,756
IUSV iShares Core S&P U.S. Value ETF $637,988 0.05% 5,792 $45,756
KLAC KLA Corporation - Common Stock $633,591 0.05% 2,100 $287,575 Up ×1
IWF $613,399 0.05% 4,940 $86,795 Up ×1
VTV $581,655 0.04% 2,669 $57,998
NEE NextEra Energy, Inc. Common Stock $556,812 0.04% 6,344 $-32,418
TT Trane Technologies plc $540,276 0.04% 1,100 $81,862
VOO $521,975 0.04% 760 Up ×1
ASTS AST SpaceMobile, Inc. - Class A Common Stock $513,521 0.04% 5,779 $-213,166 Down ×1
MCD McDonald's Corporation Common Stock $506,560 0.04% 1,874 $-109,425 Down ×3
QCOM QUALCOMM Incorporated - Common Stock $499,302 0.04% 2,702 $177,481 Up ×2
CVX Chevron Corporation Common Stock $487,500 0.04% 2,941 $-209,753 Down ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
GVI $99,757,098 7.51% up ×6
XLU $21,607,275 1.63% up ×4
BRKB $13,934,860 1.05% up ×4
WMT $8,552,489 0.64% up ×5
NOC $6,658,209 0.50% up ×3
TJX $5,359,615 0.40% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 43849R105) $3,536,506 15,996 0.27%
ADI $3,252,027 8,188 0.24%
MRVL $2,128,721 7,146 0.16%
Unknown issuer (CUSIP: 314352105) $2,033,290 13,465 0.15%
IEFA $683,110 7,073 0.05%
VOO $521,975 760 0.04%
IEMG $487,016 5,879 0.04%
IJH $408,297 5,295 0.03%
VEA $335,373 4,707 0.03%
IJR $305,518 2,060 0.02%
SPYG $263,443 2,214 0.02%
WFC $256,431 3,103 0.02%
PANW $255,765 750 0.02%
VIRT $247,930 4,162 0.02%
GEV $246,720 210 0.02%

Top movers (QoQ)

Security Action Shares Δ Value Δ
MU Trimmed -18K +$35.1M
ACWX Bought more +98K +$20.3M
IWR Bought more +1K +$12.7M
IWM Bought more +468 +$11.6M
GOOGL Trimmed -4K +$10.1M
AVGO Bought more +7K +$6.7M
CAT Trimmed -272 +$6.7M
NVDA Trimmed -2K +$6.6M
AAPL Trimmed -1K +$6.2M
GVI Bought more +55K +$5.3M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
KRE Sept. 30, 2025 26,585 $1,578,883 No longer tracked
TSLA March 31, 2026 969 $435,778 -7.1%
XLP June 30, 2026 5,065 $415,228 No longer tracked
XLE Sept. 30, 2025 4,749 $402,762 No longer tracked
TFC June 30, 2026 8,047 $369,920 1.7%
BMY June 30, 2026 5,711 $346,372 15.9%
MMM March 31, 2026 2,060 $329,806 24.2%
DUK Sept. 30, 2025 2,709 $319,662 0.2%
TGT June 30, 2026 2,603 $315,483 22.7%
CTRA June 30, 2026 8,485 $298,162 No longer tracked
VOOV March 31, 2026 1,400 $286,790 No longer tracked
MAV Sept. 30, 2025 32,610 $270,663 No longer tracked
IWS March 31, 2025 2,065 $267,087 No longer tracked
LMT June 30, 2026 419 $253,239 14.5%
CNH June 30, 2026 23,010 $253,110 -3.6%
IWN March 31, 2025 1,472 $241,658 No longer tracked
STZ March 31, 2025 1,091 $241,111 -27.9%
MRSH Sept. 30, 2025 1,073 $234,600 -6.6%
ORLY Dec. 31, 2025 2,100 $226,401 -2.1%
LEN June 30, 2026 2,571 $223,265 -5.1%
KR June 30, 2026 3,075 $222,507 0.5%
MGK March 31, 2025 642 $220,469 No longer tracked
OEF March 31, 2026 638 $218,814 No longer tracked
IEFA Dec. 31, 2025 2,505 $218,711 No longer tracked
SYBT Sept. 30, 2025 2,752 $217,352 17.6%
ES June 30, 2026 3,081 $213,451 -0.1%
KMI June 30, 2026 6,321 $211,943 0.5%
SYK June 30, 2026 635 $208,654 8.0%
ACN June 30, 2025 660 $205,946 -38.1%
ORLY June 30, 2025 142 $203,426 -0.9%
KMB Sept. 30, 2025 1,575 $203,049 -12.2%
MSI June 30, 2025 460 $201,392 14.9%
WU June 30, 2026 21,038 $183,661 -6.3%
NVG Sept. 30, 2025 14,933 $178,150 0.0%
NEA Sept. 30, 2025 10,604 $115,795 -0.9%