Q2 2025 · 13F-HR
CULLINAN ASSOCIATES INCholdings as filed
Filed 2025-07-22 · accession 0001161670-25-000004
$1.52B
Reported value
210
Positions
2025-06-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 19260Q107 | COIN | Coinbase Global Inc. | $106.1M | 7.00% | 302,725 | Common | NONE |
| 191216100 | KO | Coca-Cola Company | $97.5M | 6.43% | 1,377,472 | Common | NONE |
| 037833100 | AAPL | Apple Inc | $93.1M | 6.14% | 453,593 | Common | NONE |
| 594918104 | MSFT | Microsoft Corp | $84.5M | 5.57% | 169,827 | Common | NONE |
| 78409V104 | SPGI | S&P Global Inc. | $65.1M | 4.29% | 123,440 | Common | NONE |
| 931142103 | WMT | Wal-Mart Stores Inc | $55.5M | 3.66% | 567,621 | Common | NONE |
| 742718109 | PG | Procter & Gamble Co | $41.8M | 2.76% | 262,392 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 Trust | $38.4M | 2.53% | 62,181 | Common | NONE |
| 459200101 | IBM | Intl Business Machines Corp | $35.7M | 2.36% | 121,143 | Common | NONE |
| 478160104 | JNJ | Johnson & Johnson | $28.8M | 1.90% | 188,677 | Common | NONE |
| 30231G102 | XOM | Exxon Mobil | $28.3M | 1.87% | 262,966 | Common | NONE |
| 023135106 | AMZN | Amazon | $27.9M | 1.84% | 127,093 | Common | NONE |
| 68389X105 | ORCL | Oracle Corp | $26.2M | 1.73% | 120,008 | Common | NONE |
| 92826C839 | V | Visa Inc Cl A | $23.6M | 1.56% | 66,595 | Common | NONE |
| 02079K305 | GOOGL | Alphabet Class A | $23.4M | 1.54% | 132,690 | Common | NONE |
| 92532F100 | VRTX | Vertex Pharmaceutical | $23.2M | 1.53% | 52,012 | Common | NONE |
| 46625H100 | JPM | J P Morgan Chase & Co | $22.7M | 1.50% | 78,342 | Common | NONE |
| 580135101 | MCD | McDonalds Corp | $19.5M | 1.29% | 66,707 | Common | NONE |
| 67066G104 | NVDA | Nvidia Corp | $18.9M | 1.25% | 119,824 | Common | NONE |
| 548661107 | LOW | Lowes Companies Inc | $18.7M | 1.24% | 84,475 | Common | NONE |
| 882508104 | TXN | Texas Instruments | $18.3M | 1.20% | 87,915 | Common | NONE |
| 025816109 | AXP | American Express Co | $17.5M | 1.15% | 54,805 | Common | NONE |
| 285512109 | EA | Electronic Arts | $17.0M | 1.12% | 106,392 | Common | NONE |
| 166764100 | CVX | Chevron Corp | $16.9M | 1.12% | 118,357 | Common | NONE |
| 00287Y109 | ABBV | AbbVie Inc | $16.4M | 1.08% | 88,143 | Common | NONE |
| 02079K107 | GOOG | Alphabet Class C | $15.6M | 1.03% | 88,021 | Common | NONE |
| 30303M102 | META | Meta Platforms Inc | $15.4M | 1.02% | 20,855 | Common | NONE |
| 74758T303 | QLYS | Qualys Inc | $14.7M | 0.97% | 102,800 | Common | NONE |
| 149123101 | CAT | Caterpillar | $13.8M | 0.91% | 35,666 | Common | NONE |
| 22160K105 | COST | Costco Wholesale Corp | $13.7M | 0.90% | 13,825 | Common | NONE |
| 001055102 | AFL | AFLAC Inc | $13.4M | 0.89% | 127,250 | Common | NONE |
| 437076102 | HD | Home Depot | $12.1M | 0.80% | 33,041 | Common | NONE |
| 038222105 | AMAT | Applied Materials | $11.7M | 0.77% | 63,823 | Common | NONE |
| 842587107 | SO | Southern Co | $11.5M | 0.76% | 125,152 | Common | NONE |
| 009066101 | ABNB | Airbnb Inc | $10.8M | 0.71% | 81,236 | Common | NONE |
| 90353T100 | UBER | Uber Technologies Inc | $10.6M | 0.70% | 113,469 | Common | NONE |
| 244199105 | DE | Deere & Company | $10.3M | 0.68% | 20,254 | Common | NONE |
| 38141G104 | GS | Goldman Sachs | $9.9M | 0.66% | 14,058 | Common | NONE |
| 539830109 | LMT | Lockheed Martin | $9.9M | 0.65% | 21,358 | Common | NONE |
| 031162100 | AMGN | Amgen Inc | $9.5M | 0.63% | 34,046 | Common | NONE |
| 512807108 | LRCXEUR | Lam Research Corp | $9.4M | 0.62% | 97,000 | Common | NONE |
| 291011104 | EMR | Emerson Electric Company | $9.4M | 0.62% | 70,200 | Common | NONE |
| 254687106 | DIS | Walt Disney Company | $9.2M | 0.61% | 74,183 | Common | NONE |
| 482480100 | KLAC | KLA Corporation | $8.7M | 0.58% | 9,761 | Common | NONE |
| 650111107 | NYT | New York Times Company | $8.5M | 0.56% | 152,156 | Common | NONE |
| 718172109 | PM | Philip Morris | $7.9M | 0.52% | 43,254 | Common | NONE |
| 113809107 | — | Berkshire Hathaway Cl B | $7.5M | 0.49% | 15,337 | Common | NONE |
| 911312106 | UPS | United Parcel Service Inc Cl B | $7.3M | 0.48% | 72,382 | Common | NONE |
| 872540109 | TJX | TJX Companies | $6.8M | 0.45% | 54,986 | Common | NONE |
| 17275R102 | CSCO | Cisco Systems Inc | $6.5M | 0.43% | 94,369 | Common | NONE |
| 532457108 | LLY | Eli Lilly & Company | $6.5M | 0.43% | 8,370 | Common | NONE |
| 452308109 | ITW | Illinois Tool Works | $6.5M | 0.43% | 26,265 | Common | NONE |
| 278865100 | ECL | Ecolab Inc | $6.3M | 0.42% | 23,466 | Common | NONE |
| 89417E109 | TRV | The Travelers Companies | $6.2M | 0.41% | 23,311 | Common | NONE |
| 268150109 | DT | Dynatrace Holdings LLC | $6.0M | 0.40% | 109,000 | Common | NONE |
| 744320102 | PRU | Prudential Financial | $5.8M | 0.38% | 54,321 | Common | NONE |
| 747525103 | QCOM | Qualcomm Inc | $5.7M | 0.38% | 35,895 | Common | NONE |
| 617446448 | MS | Morgan Stanley | $5.7M | 0.38% | 40,472 | Common | NONE |
| 12572Q105 | CME | CME Group | $5.3M | 0.35% | 19,400 | Common | NONE |
| 40434L105 | HPQ | HP Inc | $5.0M | 0.33% | 205,739 | Common | NONE |
| 655844108 | NSC | Norfolk Southern | $5.0M | 0.33% | 19,400 | Common | NONE |
| 311900104 | FAST | Fastenal Company | $4.9M | 0.32% | 117,130 | Common | NONE |
| 79466L302 | CRM | Salesforce.com Inc | $4.8M | 0.32% | 17,600 | Common | NONE |
| 988498101 | YUM | YUM Brands | $4.7M | 0.31% | 31,811 | Common | NONE |
| 002824100 | ABT | Abbott Laboratories | $4.6M | 0.31% | 34,094 | Common | NONE |
| 194162103 | CL | Colgate-Palmolive Company | $4.6M | 0.30% | 50,439 | Common | NONE |
| 00724F101 | ADBE | Adobe | $4.5M | 0.30% | 11,600 | Common | NONE |
| 20030N101 | CMCSA | Comcast Corp | $4.5M | 0.29% | 124,690 | Common | NONE |
| 89832Q109 | TFC | Truist Financial Corporation | $4.4M | 0.29% | 102,535 | Common | NONE |
| G5960L103 | MDT | Medtronic Plc | $4.3M | 0.28% | 49,106 | Common | NONE |
| 907818108 | UNP | Union Pacific Corp | $4.2M | 0.27% | 18,070 | Common | NONE |
| 58933Y105 | MRK | Merck & Company Inc | $3.9M | 0.26% | 49,594 | Common | NONE |
| 922908363 | VOO | Vanguard S&P 500 ETF | $3.7M | 0.25% | 6,570 | Common | NONE |
| 713448108 | PEP | PepsiCo | $3.7M | 0.25% | 28,193 | Common | NONE |
| 88160R101 | TSLA | Tesla Motors Inc | $3.7M | 0.24% | 11,600 | Common | NONE |
| 03027X100 | AMT | American Tower REIT | $3.7M | 0.24% | 16,611 | Common | NONE |
| 049468101 | TEAM | Atlassian Corp CL A | $3.7M | 0.24% | 18,017 | Common | NONE |
| 949746101 | WMT2 | Wells Fargo & Co | $3.5M | 0.23% | 43,166 | Common | NONE |
| 642045108 | AESI | New Atlas Holdco Inc | $3.4M | 0.22% | 252,000 | Common | NONE |
| 053015103 | ADP | Automatic Data | $3.3M | 0.22% | 10,800 | Common | NONE |
| 231021106 | CMI | Cummins | $3.3M | 0.22% | 10,103 | Common | NONE |
| 126650100 | CVS | CVS Health Corp | $3.3M | 0.22% | 47,467 | Common | NONE |
| 91324P102 | UNH | UnitedHealth | $3.2M | 0.21% | 10,398 | Common | NONE |
| 863667101 | SYK | Stryker | $3.2M | 0.21% | 8,145 | Common | NONE |
| 609207105 | MDLZ | Mondelez Intl | $3.1M | 0.20% | 45,587 | Common | NONE |
| 464287614 | IWF | iShares Russell 1000 Growth ET | $3.1M | 0.20% | 7,200 | Common | NONE |
| 110122108 | BMY | Bristol Myers Squibb Company | $3.1M | 0.20% | 65,931 | Common | NONE |
| 12541W209 | CHRW | C H Robinsin Worldwide | $3.0M | 0.20% | 31,300 | Common | NONE |
| 228227104 | — | Crown Castle | $2.9M | 0.19% | 28,159 | Common | NONE |
| 26441C204 | DUK | Duke Energy Hldg | $2.9M | 0.19% | 24,244 | Common | NONE |
| 776696106 | ROP | Roper Technologies | $2.8M | 0.19% | 5,000 | Common | NONE |
| 679295105 | OKTA | Okta Inc | $2.8M | 0.19% | 28,300 | Common | NONE |
| 433000106 | HIMS | Hims and Hers Health | $2.8M | 0.18% | 56,200 | Common | NONE |
| 666807102 | NOC | Northrop Grumman Corp | $2.8M | 0.18% | 5,592 | Common | NONE |
| 74340W103 | PLD | ProLogis Inc | $2.8M | 0.18% | 26,269 | Common | NONE |
| 11135F101 | AVGO | Broadcom Ltd | $2.7M | 0.18% | 9,700 | Common | NONE |
| 060505104 | BAC | Bank Of America | $2.7M | 0.18% | 56,325 | Common | NONE |
| 46120E602 | ISRG | Intuitive Surgical Inc | $2.7M | 0.18% | 4,900 | Common | NONE |
| 75513E101 | RTX | RTX Corporation | $2.6M | 0.17% | 17,833 | Common | NONE |
| 57636Q104 | MA | Mastercard | $2.5M | 0.17% | 4,500 | Common | NONE |
| G1151C101 | ACN | Accenture PLC | $2.5M | 0.17% | 8,379 | Common | NONE |
| 032654105 | ADI | Analog Devices | $2.2M | 0.15% | 9,307 | Common | NONE |
| 461202103 | INTU | Intuit | $2.2M | 0.14% | 2,770 | Common | NONE |
| 438516106 | HON | Honeywell | $2.2M | 0.14% | 9,290 | Common | NONE |
| 37637K108 | GTLB | Gitlab Inc Cl A | $2.1M | 0.14% | 47,000 | Common | NONE |
| 20825C104 | COP | ConocoPhillips | $2.0M | 0.13% | 21,932 | Common | NONE |
| 70450Y103 | PYPL | PayPal Hldg Inc | $1.9M | 0.13% | 25,815 | Common | NONE |
| 717081103 | PFE | Pfizer Inc | $1.9M | 0.12% | 76,501 | Common | NONE |
| 81762P102 | NOW | ServiceNow | $1.9M | 0.12% | 1,800 | Common | NONE |
| 02209S103 | MO | Altria Group | $1.8M | 0.12% | 30,527 | Common | NONE |
| 64110L106 | NFLX | Netflix | $1.7M | 0.11% | 1,300 | Common | NONE |
| 369604301 | GE | GE Aerospace | $1.7M | 0.11% | 6,679 | Common | NONE |
| 854502101 | SWK | Stanley Black & Decker | $1.7M | 0.11% | 25,000 | Common | NONE |
| G29183103 | ETN | Eaton Corp | $1.5M | 0.10% | 4,160 | Common | NONE |
| 65339F101 | NEE | NextEra Energy | $1.5M | 0.10% | 21,335 | Common | NONE |
| 95040Q104 | WELL | Welltower Inc | $1.4M | 0.09% | 9,215 | Common | NONE |
| 74275K108 | PCOR | Procore Technologies Inc | $1.4M | 0.09% | 20,000 | Common | NONE |
| 101137107 | BSX | Boston Scientific | $1.3M | 0.09% | 12,400 | Common | NONE |
| 902973304 | USB | U S Bancorp | $1.3M | 0.09% | 29,350 | Common | NONE |
| 097023105 | BA | Boeing | $1.3M | 0.09% | 6,175 | Common | NONE |
| 336433107 | FSLR | First Solar Inc | $1.2M | 0.08% | 7,500 | Common | NONE |
| 25746U109 | D | Dominion Energy | $1.2M | 0.08% | 20,378 | Common | NONE |
| 718546104 | PSX | Phillips 66 | $1.1M | 0.08% | 9,639 | Common | NONE |
| 458140100 | INTC | Intel Corp | $1.1M | 0.07% | 50,389 | Common | NONE |
| 294429105 | EFX | Equifax Inc | $1.1M | 0.07% | 4,250 | Common | NONE |
| 808513105 | SCHW | Charles Schwab Corp | $1.1M | 0.07% | 11,900 | Common | NONE |
| 743315103 | PGR | Progressive Corp | $1.1M | 0.07% | 4,000 | Common | NONE |
| 28176E108 | EW | Edwards Lifesciences | $985,446 | 0.06% | 12,600 | Common | NONE |
| H42097107 | UBS | UBS AG | $980,780 | 0.06% | 29,000 | Common | NONE |
| 883556102 | TMO | Thermo Fisher Scientific | $932,558 | 0.06% | 2,300 | Common | NONE |
| G8994E103 | TT | Trane Tech PLC | $918,561 | 0.06% | 2,100 | Common | NONE |
| 693475105 | PNC | PNC Finl | $906,374 | 0.06% | 4,862 | Common | NONE |
| 770700102 | HOOD | Robinhood Markets Inc | $870,759 | 0.06% | 9,300 | Common | NONE |
| 09260D107 | BX | Blackstone Group | $867,564 | 0.06% | 5,800 | Common | NONE |
| 260003108 | DOV | Dover Corporation | $861,181 | 0.06% | 4,700 | Common | NONE |
| 00206R102 | T | AT&T Inc | $835,064 | 0.06% | 28,855 | Common | NONE |
| 871829107 | SYY | Sysco Corp | $833,140 | 0.05% | 11,000 | Common | NONE |
| 00846U101 | A | Agilent | $826,070 | 0.05% | 7,000 | Common | NONE |
| 670346105 | NUE | Nucor Corp | $825,040 | 0.05% | 6,369 | Common | NONE |
| 375558103 | GILD | Gilead Sciences | $792,556 | 0.05% | 7,149 | Common | NONE |
| 36828A101 | GEV | GE Vernova Inc | $766,209 | 0.05% | 1,448 | Common | NONE |
| 316773100 | FITB | Fifth Third Bancorp | $756,792 | 0.05% | 18,400 | Common | NONE |
| 369550108 | GD | General Dynamics | $752,191 | 0.05% | 2,579 | Common | NONE |
| 09247X101 | BLKCHF | Blackrock Inc | $751,263 | 0.05% | 716 | Common | NONE |
| 654106103 | NKE | Nike Inc Cl B | $747,341 | 0.05% | 10,520 | Common | NONE |
| 92537N108 | VRT | Vertiv Holdings Co | $744,778 | 0.05% | 5,800 | Common | NONE |
| 534187109 | LNC | Lincoln National Corporation | $719,680 | 0.05% | 20,800 | Common | NONE |
| 372460105 | GPC | Genuine Parts Company | $715,729 | 0.05% | 5,900 | Common | NONE |
| 874054109 | TTWO | Take Two | $704,265 | 0.05% | 2,900 | Common | NONE |
| 71467V109 | — | Quantum Scape Corp | $678,720 | 0.04% | 101,000 | Common | NONE |
| 14448C104 | CARR | Carrier Global | $658,710 | 0.04% | 9,000 | Common | NONE |
| 494368103 | KMB | Kimberly-Clark | $657,492 | 0.04% | 5,100 | Common | NONE |
| 824348106 | SHW | Sherwin-Williams | $652,384 | 0.04% | 1,900 | Common | NONE |
| 141788109 | CARG | CarGurus Inc | $649,318 | 0.04% | 19,400 | Common | NONE |
| 007903107 | AMD | Advanced Micro | $641,246 | 0.04% | 4,519 | Common | NONE |
| 525327102 | LDOS | Leidos Holdings Inc. | $631,040 | 0.04% | 4,000 | Common | NONE |
| 302491303 | FMC | FMC Corporation | $603,204 | 0.04% | 14,448 | Common | NONE |
| 670100205 | NVO | Novo Nordisk ADR | $598,748 | 0.04% | 8,675 | Common | NONE |
| 92343V104 | VZ | Verizon Communications Inc | $579,818 | 0.04% | 13,400 | Common | NONE |
| 126408103 | CSX | CSX Corp | $574,288 | 0.04% | 17,600 | Common | NONE |
| 69608A108 | PLTR | Palantir Technologies Inc | $572,544 | 0.04% | 4,200 | Common | NONE |
| 66987V109 | NVS | Novartis AG | $568,747 | 0.04% | 4,700 | Common | NONE |
| 071813109 | BAX | Baxter Intl | $566,236 | 0.04% | 18,700 | Common | NONE |
| 046353108 | AZNN | AstraZeneca PLC | $560,857 | 0.04% | 8,026 | Common | NONE |
| 46090E103 | QQQ | Invesco QQQ Tr Unit Ser 1 | $520,197 | 0.03% | 943 | Common | NONE |
| 88579Y101 | MMM | 3M Company | $517,616 | 0.03% | 3,400 | Common | NONE |
| 446413106 | HII | Huntington Ingalls Industries | $482,920 | 0.03% | 2,000 | Common | NONE |
| 056752108 | BIDU | Baidu Inc | $463,104 | 0.03% | 5,400 | Common | NONE |
| 03831W108 | APP | Applovin Corp | $459,305 | 0.03% | 1,312 | Common | NONE |
| 579780206 | MKC | McCormick and Co | $454,920 | 0.03% | 6,000 | Common | NONE |
| 25809K105 | DASH | Doordash Inc | $449,881 | 0.03% | 1,825 | Common | NONE |
| 778296103 | ROST | Ross Stores | $442,320 | 0.03% | 3,467 | Common | NONE |
| 969904101 | WSM | Williams-Sonoma | $441,099 | 0.03% | 2,700 | Common | NONE |
| 595017104 | MCHP | Microchip | $436,294 | 0.03% | 6,200 | Common | NONE |
| 22052L104 | CTVA | Corteva Inc | $436,165 | 0.03% | 5,852 | Common | NONE |
| 773903109 | ROK | Rockwell | $431,821 | 0.03% | 1,300 | Common | NONE |
| 78463V107 | GLD | SPDR Gold Trust ETF | $426,762 | 0.03% | 1,400 | Common | NONE |
| 71654V408 | PBR | Petroleo Brasileiro | $415,332 | 0.03% | 33,200 | Common | NONE |
| 05464C101 | AXON | Axon Enterprise Inc | $413,970 | 0.03% | 500 | Common | NONE |
| 56585A102 | MPC | Marathon Petroleum Corp | $408,631 | 0.03% | 2,460 | Common | NONE |
| 253868103 | DLR | Digital Realty Trust | $404,271 | 0.03% | 2,319 | Common | NONE |
| 808625107 | SAIC | Science Applications Intl Corp | $394,135 | 0.03% | 3,500 | Common | NONE |
| 98978V103 | ZTS | Zoetis Inc | $389,875 | 0.03% | 2,500 | Common | NONE |
| G6095L109 | — | Aptiv PLC | $388,854 | 0.03% | 5,700 | Common | NONE |
| 72651A207 | PAGP | Plains GP Holdings | $388,600 | 0.03% | 20,000 | Common | NONE |
| 21037T109 | CEG | Constl. Energy Corporation | $387,312 | 0.03% | 1,200 | Common | NONE |
| G5494J103 | — | Linde PLC | $375,813 | 0.02% | 801 | Common | NONE |
| 444859102 | HUM | Humana | $372,832 | 0.02% | 1,525 | Common | NONE |
| 780259305 | SHEL | Shell PLC | $359,091 | 0.02% | 5,100 | Common | NONE |
| 500754106 | KHC | Kraft Heinz Co | $328,998 | 0.02% | 12,742 | Common | NONE |
| 45687V106 | IR | Ingersoll-Rand PLC | $299,531 | 0.02% | 3,601 | Common | NONE |
| 136375102 | CNI | Canadian National Railway | $291,312 | 0.02% | 2,800 | Common | NONE |
| 929160109 | VMC | Vulcan Materials | $286,902 | 0.02% | 1,100 | Common | NONE |
| 697435105 | PANW | Palo Alto Networks Inc | $286,496 | 0.02% | 1,400 | Common | NONE |
| 14040H105 | COF | Capital One Financial | $280,630 | 0.02% | 1,319 | Common | NONE |
| 03783C100 | APPF | AppFolio Inc | $276,336 | 0.02% | 1,200 | Common | NONE |
| 81211K100 | SDA | Sealed Air | $276,167 | 0.02% | 8,900 | Common | NONE |
| 49338L103 | KEYS | Keysight Technologies | $262,176 | 0.02% | 1,600 | Common | NONE |
| H1467J104 | CB | Chubb Limited | $255,533 | 0.02% | 882 | Common | NONE |
| 360271100 | FULT | Fulton Financial | $252,560 | 0.02% | 14,000 | Common | NONE |
| 74144T108 | TROW | T Rowe Price Grp Inc | $250,900 | 0.02% | 2,600 | Common | NONE |
| 59156R108 | MET | Metlife Inc | $241,903 | 0.02% | 3,008 | Common | NONE |
| 020002101 | ALL | Allstate Corp | $241,572 | 0.02% | 1,200 | Common | NONE |
| N07059210 | ASML | ASML Holding NV | $240,417 | 0.02% | 300 | Common | NONE |
| 235851102 | DHR | Danaher Corp | $237,048 | 0.02% | 1,200 | Common | NONE |
| 91913Y100 | VLO | Valero Energy | $228,514 | 0.02% | 1,700 | Common | NONE |
| 055622104 | BP | BP PLC ADS | $227,468 | 0.02% | 7,600 | Common | NONE |
| 29273V100 | ET | Energy Transfer LP | $222,999 | 0.01% | 12,300 | Common | NONE |
| 25243Q205 | DEO | Diageo PLC ADR | $211,764 | 0.01% | 2,100 | Common | NONE |
| 52736R102 | LEVI | Levi Strauss & Co | $184,900 | 0.01% | 10,000 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.