GERMAN AMERICAN BANCORP, INC.

Filed: 8/14/2025ACC: 0001628280-25-040315

📋 What this filing means

GERMAN AMERICAN BANCORP, INC. filed this quarterly 13F‑HR report disclosing 128 equity positions with a total reported market value of $1.02B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

128

Positions

$1.02B

Total AUM (reported)

8.08M

Total Shares

Allocation by class

COM$457.98M44.7%

MSCI ACWI EX US$95.66M9.3%

INTRM GOV CR ETF$89.01M8.7%

RUS MID CAP ETF$86.36M8.4%

CL A$55.51M5.4%

RUSSELL 2000 ETF$45.97M4.5%

CORE S&P500 ETF$34.96M3.4%

Portfolio Concentration

Top 3$271.03M26.5%

4–10$278.68M27.2%

11–25$251.68M24.6%

Rest$222.55M21.7%

Top 3 weight

26.5%

Top 10 weight

53.7%

Voting Authority Distribution

Total shares with voting rights: 8.08M

Sole

Full voting authority

7.45M

% of voting shares92.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

630.71K

% of voting shares7.8%

Investment Discretion (by position count)

Sole128

Shared0

Other0

Dominant voting typeSole · 92.2% of voting shares

Institutional Holdings128

Rows:

ISHARES TR

SOLE

MSCI ACWI EX US

Shares1.57M

TypeSH

Market value$95.66M

9.34%

Sole

1.57M

Shared

0.00

None

291.00

ISHARES TR

SOLE

INTRM GOV CR ETF

Shares833.50K

TypeSH

Market value$89.01M

8.69%

Sole

833.50K

Shared

0.00

None

0.00

ISHARES TR

SOLE

RUS MID CAP ETF

Shares938.96K

TypeSH

Market value$86.36M

8.43%

Sole

938.79K

Shared

0.00

None

165.00

MICROSOFT CORP

SOLE

COM

Shares106.10K

TypeSH

Market value$52.78M

5.15%

Sole

104.76K

Shared

0.00

None

1.34K

ISHARES TR

SOLE

RUSSELL 2000 ETF

Shares213.04K

TypeSH

Market value$45.97M

4.49%

Sole

213K

Shared

0.00

None

38.00

NVIDIA CORPORATION

SOLE

COM

Shares270.08K

TypeSH

Market value$42.67M

4.17%

Sole

270.04K

Shared

0.00

None

46.00

APPLE INC

SOLE

COM

Shares186.87K

TypeSH

Market value$38.34M

3.74%

Sole

186.84K

Shared

0.00

None

29.00

ISHARES TR

SOLE

CORE S&P500 ETF

Shares56.31K

TypeSH

Market value$34.96M

3.41%

Sole

56.31K

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares146.57K

TypeSH

Market value$32.16M

3.14%

Sole

143.53K

Shared

0.00

None

3.04K

ALPHABET INC

SOLE

CAP STK CL A

Shares180.49K

TypeSH

Market value$31.81M

3.11%

Sole

180.39K

Shared

0.00

None

102.00

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares45.83K

TypeSH

Market value$28.31M

2.77%

Sole

45.83K

Shared

0.00

None

0.00

META PLATFORMS INC

SOLE

CL A

Shares38.29K

TypeSH

Market value$28.26M

2.76%

Sole

38.29K

Shared

0.00

None

7.00

GERMAN AMERN BANCORP INC

SOLE

COM

Shares590.22K

TypeSH

Market value$22.73M

2.22%

Sole

10.99K

Shared

0.00

None

579.23K

JPMORGAN CHASE & CO

SOLE

COM

Shares72.69K

TypeSH

Market value$21.07M

2.06%

Sole

72.67K

Shared

0.00

None

12.00

MASTERCARD INCORPORATED

SOLE

CL A

Shares36.15K

TypeSH

Market value$20.31M

1.98%

Sole

36.14K

Shared

0.00

None

7.00

ORACLE CORP

SOLE

COM

Shares87.94K

TypeSH

Market value$19.23M

1.88%

Sole

87.93K

Shared

0.00

None

14.00

BROADCOM INC

SOLE

COM

Shares51.51K

TypeSH

Market value$14.20M

1.39%

Sole

50.39K

Shared

0.00

None

1.12K

COSTCO WHSL CORP NEW

SOLE

COM

Shares13.80K

TypeSH

Market value$13.66M

1.33%

Sole

13.80K

Shared

0.00

None

2.00

ISHARES TR

SOLE

NATIONAL MUN ETF

Shares122.74K

TypeSH

Market value$12.82M

1.25%

Sole

121.69K

Shared

0.00

None

1.04K

SELECT SECTOR SPDR TR

SOLE

SBI INT-UTILS

Shares156.42K

TypeSH

Market value$12.77M

1.25%

Sole

156.40K

Shared

0.00

None

28.00

MICRON TECHNOLOGY INC

SOLE

COM

Shares98.44K

TypeSH

Market value$12.13M

1.18%

Sole

98.42K

Shared

0.00

None

18.00

BANK AMERICA CORP

SOLE

COM

Shares248.66K

TypeSH

Market value$11.77M

1.15%

Sole

248.54K

Shared

0.00

None

122.00

ABBOTT LABS

SOLE

COM

Shares85.48K

TypeSH

Market value$11.63M

1.14%

Sole

85.47K

Shared

0.00

None

15.00

BLACKROCK INC

SOLE

COM

Shares11.08K

TypeSH

Market value$11.62M

1.14%

Sole

11.08K

Shared

0.00

None

2.00

MORGAN STANLEY

SOLE

COM NEW

Shares79.18K

TypeSH

Market value$11.15M

1.09%

Sole

79.17K

Shared

0.00

None

14.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TRSOLE	MSCI ACWI EX US	1.57M	SH	$95.66M 9.34%	1.57M	291.00
ISHARES TRSOLE	INTRM GOV CR ETF	833.50K	SH	$89.01M 8.69%	833.50K	0.00
ISHARES TRSOLE	RUS MID CAP ETF	938.96K	SH	$86.36M 8.43%	938.79K	165.00
MICROSOFT CORPSOLE	COM	106.10K	SH	$52.78M 5.15%	104.76K	1.34K
ISHARES TRSOLE	RUSSELL 2000 ETF	213.04K	SH	$45.97M 4.49%	213K	38.00
NVIDIA CORPORATIONSOLE	COM	270.08K	SH	$42.67M 4.17%	270.04K	46.00
APPLE INCSOLE	COM	186.87K	SH	$38.34M 3.74%	186.84K	29.00
ISHARES TRSOLE	CORE S&P500 ETF	56.31K	SH	$34.96M 3.41%	56.31K	0.00
AMAZON COM INCSOLE	COM	146.57K	SH	$32.16M 3.14%	143.53K	3.04K
ALPHABET INCSOLE	CAP STK CL A	180.49K	SH	$31.81M 3.11%	180.39K	102.00
SPDR S&P 500 ETF TRSOLE	TR UNIT	45.83K	SH	$28.31M 2.77%	45.83K	0.00
META PLATFORMS INCSOLE	CL A	38.29K	SH	$28.26M 2.76%	38.29K	7.00
GERMAN AMERN BANCORP INCSOLE	COM	590.22K	SH	$22.73M 2.22%	10.99K	579.23K
JPMORGAN CHASE & COSOLE	COM	72.69K	SH	$21.07M 2.06%	72.67K	12.00
MASTERCARD INCORPORATEDSOLE	CL A	36.15K	SH	$20.31M 1.98%	36.14K	7.00
ORACLE CORPSOLE	COM	87.94K	SH	$19.23M 1.88%	87.93K	14.00
BROADCOM INCSOLE	COM	51.51K	SH	$14.20M 1.39%	50.39K	1.12K
COSTCO WHSL CORP NEWSOLE	COM	13.80K	SH	$13.66M 1.33%	13.80K	2.00
ISHARES TRSOLE	NATIONAL MUN ETF	122.74K	SH	$12.82M 1.25%	121.69K	1.04K
SELECT SECTOR SPDR TRSOLE	SBI INT-UTILS	156.42K	SH	$12.77M 1.25%	156.40K	28.00
MICRON TECHNOLOGY INCSOLE	COM	98.44K	SH	$12.13M 1.18%	98.42K	18.00
BANK AMERICA CORPSOLE	COM	248.66K	SH	$11.77M 1.15%	248.54K	122.00
ABBOTT LABSSOLE	COM	85.48K	SH	$11.63M 1.14%	85.47K	15.00
BLACKROCK INCSOLE	COM	11.08K	SH	$11.62M 1.14%	11.08K	2.00
MORGAN STANLEYSOLE	COM NEW	79.18K	SH	$11.15M 1.09%	79.17K	14.00

Page 1 of 6

…