Q3 2025 · 13F-HR
CULLINAN ASSOCIATES INCholdings as filed
Filed 2025-10-27 · accession 0001161670-25-000005
$1.54B
Reported value
213
Positions
2025-09-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 037833100 | AAPL | Apple Inc | $114.9M | 7.48% | 451,281 | Common | NONE |
| 594918104 | MSFT | Microsoft Corp | $91.7M | 5.97% | 177,065 | Common | NONE |
| 191216100 | KO | Coca-Cola Company | $90.9M | 5.92% | 1,371,046 | Common | NONE |
| 19260Q107 | COIN | Coinbase Global Inc. | $87.0M | 5.67% | 257,925 | Common | NONE |
| 78409V104 | SPGI | S&P Global Inc. | $57.5M | 3.75% | 118,240 | Common | NONE |
| 931142103 | WMT | Wal-Mart Stores Inc | $56.2M | 3.66% | 545,178 | Common | NONE |
| 742718109 | PG | Procter & Gamble Co | $40.3M | 2.62% | 262,150 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 Trust | $36.4M | 2.37% | 54,667 | Common | NONE |
| 459200101 | IBM | Intl Business Machines Corp | $35.2M | 2.29% | 124,822 | Common | NONE |
| 478160104 | JNJ | Johnson & Johnson | $34.7M | 2.26% | 187,054 | Common | NONE |
| 68389X105 | ORCL | Oracle Corp | $31.0M | 2.02% | 110,192 | Common | NONE |
| 02079K305 | GOOGL | Alphabet Class A | $30.1M | 1.96% | 123,921 | Common | NONE |
| 30231G102 | XOM | Exxon Mobil | $29.0M | 1.89% | 257,411 | Common | NONE |
| 46625H100 | JPM | J P Morgan Chase & Co | $25.6M | 1.67% | 81,232 | Common | NONE |
| 023135106 | AMZN | Amazon | $24.9M | 1.62% | 113,393 | Common | NONE |
| 02079K107 | GOOG | Alphabet Class C | $22.0M | 1.44% | 90,524 | Common | NONE |
| 67066G104 | NVDA | Nvidia Corp | $21.0M | 1.37% | 112,694 | Common | NONE |
| 548661107 | LOW | Lowes Companies Inc | $20.9M | 1.36% | 83,037 | Common | NONE |
| 92532F100 | VRTX | Vertex Pharmaceutical | $20.1M | 1.31% | 51,412 | Common | NONE |
| 580135101 | MCD | McDonalds Corp | $19.8M | 1.29% | 65,306 | Common | NONE |
| 00287Y109 | ABBV | AbbVie Inc | $19.6M | 1.28% | 84,786 | Common | NONE |
| 166764100 | CVX | Chevron Corp | $17.5M | 1.14% | 112,567 | Common | NONE |
| 285512109 | EA | Electronic Arts | $16.5M | 1.08% | 82,045 | Common | NONE |
| 149123101 | CAT | Caterpillar | $16.0M | 1.04% | 33,525 | Common | NONE |
| 025816109 | AXP | American Express Co | $15.8M | 1.03% | 47,613 | Common | NONE |
| 001055102 | AFL | AFLAC Inc | $15.4M | 1.00% | 137,969 | Common | NONE |
| 882508104 | TXN | Texas Instruments | $15.2M | 0.99% | 82,862 | Common | NONE |
| 30303M102 | META | Meta Platforms Inc | $14.8M | 0.97% | 20,205 | Common | NONE |
| 74758T303 | QLYS | Qualys Inc | $13.6M | 0.89% | 102,800 | Common | NONE |
| 512807108 | LRCXEUR | Lam Research Corp | $13.0M | 0.85% | 97,000 | Common | NONE |
| 038222105 | AMAT | Applied Materials | $12.7M | 0.83% | 61,974 | Common | NONE |
| 437076102 | HD | Home Depot | $12.6M | 0.82% | 30,997 | Common | NONE |
| 22160K105 | COST | Costco Wholesale Corp | $12.4M | 0.81% | 13,389 | Common | NONE |
| 842587107 | SO | Southern Co | $12.3M | 0.80% | 129,901 | Common | NONE |
| 90353T100 | UBER | Uber Technologies Inc | $11.7M | 0.76% | 119,153 | Common | NONE |
| 38141G104 | GS | Goldman Sachs | $10.4M | 0.67% | 13,007 | Common | NONE |
| 539830109 | LMT | Lockheed Martin | $10.1M | 0.66% | 20,303 | Common | NONE |
| 009066101 | ABNB | Airbnb Inc | $9.9M | 0.64% | 81,236 | Common | NONE |
| 92826C839 | V | Visa Inc Cl A | $9.7M | 0.63% | 28,370 | Common | NONE |
| 482480100 | KLAC | KLA Corporation | $9.7M | 0.63% | 8,968 | Common | NONE |
| 12572Q105 | CME | CME Group | $9.6M | 0.62% | 35,450 | Common | NONE |
| 244199105 | DE | Deere & Company | $9.4M | 0.61% | 20,567 | Common | NONE |
| 254687106 | DIS | Walt Disney Company | $9.2M | 0.60% | 80,420 | Common | NONE |
| 291011104 | EMR | Emerson Electric Company | $9.0M | 0.58% | 68,278 | Common | NONE |
| 031162100 | AMGN | Amgen Inc | $8.9M | 0.58% | 31,444 | Common | NONE |
| 650111107 | NYT | New York Times Company | $8.5M | 0.56% | 148,868 | Common | NONE |
| 872540109 | TJX | TJX Companies | $7.9M | 0.51% | 54,399 | Common | NONE |
| 113809107 | — | Berkshire Hathaway Cl B | $7.5M | 0.49% | 14,987 | Common | NONE |
| 718172109 | PM | Philip Morris | $7.2M | 0.47% | 44,429 | Common | NONE |
| 89417E109 | TRV | The Travelers Companies | $7.1M | 0.46% | 25,484 | Common | NONE |
| 747525103 | QCOM | Qualcomm Inc | $6.9M | 0.45% | 41,580 | Common | NONE |
| 532457108 | LLY | Eli Lilly & Company | $6.8M | 0.44% | 8,943 | Common | NONE |
| 70450Y103 | PYPL | PayPal Hldg Inc | $6.7M | 0.44% | 100,220 | Common | NONE |
| 278865100 | ECL | Ecolab Inc | $6.5M | 0.42% | 23,806 | Common | NONE |
| 17275R102 | CSCO | Cisco Systems Inc | $6.1M | 0.39% | 88,431 | Common | NONE |
| 311900104 | FAST | Fastenal Company | $6.0M | 0.39% | 122,832 | Common | NONE |
| 911312106 | UPS | United Parcel Service Inc Cl B | $6.0M | 0.39% | 71,550 | Common | NONE |
| 655844108 | NSC | Norfolk Southern | $5.8M | 0.38% | 19,400 | Common | NONE |
| 452308109 | ITW | Illinois Tool Works | $5.8M | 0.38% | 22,101 | Common | NONE |
| 617446448 | MS | Morgan Stanley | $5.4M | 0.35% | 34,150 | Common | NONE |
| 40434L105 | HPQ | HP Inc | $5.3M | 0.34% | 193,976 | Common | NONE |
| 268150109 | DT | Dynatrace Holdings LLC | $5.3M | 0.34% | 109,000 | Common | NONE |
| 744320102 | PRU | Prudential Financial | $5.3M | 0.34% | 50,639 | Common | NONE |
| 88160R101 | TSLA | Tesla Motors Inc | $5.2M | 0.34% | 11,600 | Common | NONE |
| 988498101 | YUM | YUM Brands | $4.9M | 0.32% | 32,195 | Common | NONE |
| 002824100 | ABT | Abbott Laboratories | $4.5M | 0.29% | 33,500 | Common | NONE |
| 907818108 | UNP | Union Pacific Corp | $4.2M | 0.28% | 17,970 | Common | NONE |
| G5960L103 | MDT | Medtronic Plc | $4.2M | 0.27% | 43,765 | Common | NONE |
| 58933Y105 | MRK | Merck & Company Inc | $4.2M | 0.27% | 49,624 | Common | NONE |
| 00724F101 | ADBE | Adobe | $4.1M | 0.27% | 11,600 | Common | NONE |
| 12541W209 | CHRW | C H Robinsin Worldwide | $4.1M | 0.26% | 30,600 | Common | NONE |
| 194162103 | CL | Colgate-Palmolive Company | $4.0M | 0.26% | 50,439 | Common | NONE |
| 922908363 | VOO | Vanguard S&P 500 ETF | $4.0M | 0.26% | 6,570 | Common | NONE |
| 231021106 | CMI | Cummins | $4.0M | 0.26% | 9,383 | Common | NONE |
| 949746101 | WMT2 | Wells Fargo & Co | $3.9M | 0.25% | 46,216 | Common | NONE |
| 713448108 | PEP | PepsiCo | $3.8M | 0.25% | 27,393 | Common | NONE |
| 20030N101 | CMCSA | Comcast Corp | $3.8M | 0.25% | 120,490 | Common | NONE |
| 126650100 | CVS | CVS Health Corp | $3.6M | 0.24% | 48,280 | Common | NONE |
| 79466L302 | CRM | Salesforce.com Inc | $3.4M | 0.22% | 14,500 | Common | NONE |
| 666807102 | NOC | Northrop Grumman Corp | $3.3M | 0.22% | 5,492 | Common | NONE |
| 464287614 | IWF | iShares Russell 1000 Growth ET | $3.3M | 0.22% | 7,100 | Common | NONE |
| 11135F101 | AVGO | Broadcom Ltd | $3.2M | 0.21% | 9,700 | Common | NONE |
| 03027X100 | AMT | American Tower REIT | $3.1M | 0.20% | 16,311 | Common | NONE |
| 91324P102 | UNH | UnitedHealth | $3.1M | 0.20% | 8,977 | Common | NONE |
| 060505104 | BAC | Bank Of America | $3.0M | 0.20% | 58,731 | Common | NONE |
| 863667101 | SYK | Stryker | $3.0M | 0.20% | 8,195 | Common | NONE |
| 053015103 | ADP | Automatic Data | $3.0M | 0.20% | 10,300 | Common | NONE |
| 26441C204 | DUK | Duke Energy Hldg | $3.0M | 0.19% | 24,159 | Common | NONE |
| 75513E101 | RTX | RTX Corporation | $3.0M | 0.19% | 17,833 | Common | NONE |
| 049468101 | TEAM | Atlassian Corp CL A | $2.9M | 0.19% | 18,017 | Common | NONE |
| 642045108 | AESI | New Atlas Holdco Inc | $2.9M | 0.19% | 252,000 | Common | NONE |
| 609207105 | MDLZ | Mondelez Intl | $2.9M | 0.19% | 45,687 | Common | NONE |
| 74340W103 | PLD | ProLogis Inc | $2.8M | 0.18% | 24,087 | Common | NONE |
| 228227104 | — | Crown Castle | $2.7M | 0.18% | 28,159 | Common | NONE |
| 89832Q109 | TFC | Truist Financial Corporation | $2.6M | 0.17% | 57,435 | Common | NONE |
| 679295105 | OKTA | Okta Inc | $2.6M | 0.17% | 28,300 | Common | NONE |
| 110122108 | BMY | Bristol Myers Squibb Company | $2.5M | 0.16% | 55,619 | Common | NONE |
| 57636Q104 | MA | Mastercard | $2.5M | 0.16% | 4,400 | Common | NONE |
| 776696106 | ROP | Roper Technologies | $2.5M | 0.16% | 5,000 | Common | NONE |
| 717081103 | PFE | Pfizer Inc | $2.2M | 0.15% | 88,001 | Common | NONE |
| 46120E602 | ISRG | Intuitive Surgical Inc | $2.2M | 0.14% | 4,900 | Common | NONE |
| 37637K108 | GTLB | Gitlab Inc Cl A | $2.1M | 0.14% | 47,000 | Common | NONE |
| 032654105 | ADI | Analog Devices | $2.1M | 0.14% | 8,568 | Common | NONE |
| 20825C104 | COP | ConocoPhillips | $2.1M | 0.14% | 21,932 | Common | NONE |
| 02209S103 | MO | Altria Group | $2.0M | 0.13% | 30,427 | Common | NONE |
| 438516106 | HON | Honeywell | $2.0M | 0.13% | 9,290 | Common | NONE |
| 95040Q104 | WELL | Welltower Inc | $1.9M | 0.12% | 10,715 | Common | NONE |
| 458140100 | INTC | Intel Corp | $1.9M | 0.12% | 56,589 | Common | NONE |
| 369604301 | GE | GE Aerospace | $1.9M | 0.12% | 6,179 | Common | NONE |
| 854502101 | SWK | Stanley Black & Decker | $1.8M | 0.12% | 24,600 | Common | NONE |
| 461202103 | INTU | Intuit | $1.8M | 0.12% | 2,645 | Common | NONE |
| 902973304 | USB | U S Bancorp | $1.7M | 0.11% | 35,750 | Common | NONE |
| G1151C101 | ACN | Accenture PLC | $1.7M | 0.11% | 6,840 | Common | NONE |
| 81762P102 | NOW | ServiceNow | $1.7M | 0.11% | 1,800 | Common | NONE |
| 336433107 | FSLR | First Solar Inc | $1.7M | 0.11% | 7,500 | Common | NONE |
| 65339F101 | NEE | NextEra Energy | $1.6M | 0.10% | 21,335 | Common | NONE |
| 64110L106 | NFLX | Netflix | $1.6M | 0.10% | 1,300 | Common | NONE |
| G29183103 | ETN | Eaton Corp | $1.5M | 0.10% | 4,086 | Common | NONE |
| 74275K108 | PCOR | Procore Technologies Inc | $1.5M | 0.09% | 20,000 | Common | NONE |
| 097023105 | BA | Boeing | $1.3M | 0.09% | 6,175 | Common | NONE |
| 770700102 | HOOD | Robinhood Markets Inc | $1.3M | 0.09% | 9,300 | Common | NONE |
| 718546104 | PSX | Phillips 66 | $1.3M | 0.09% | 9,639 | Common | NONE |
| 25746U109 | D | Dominion Energy | $1.2M | 0.08% | 20,378 | Common | NONE |
| 71467V109 | — | Quantum Scape Corp | $1.2M | 0.08% | 101,000 | Common | NONE |
| 101137107 | BSX | Boston Scientific | $1.2M | 0.08% | 12,400 | Common | NONE |
| H42097107 | UBS | UBS AG | $1.2M | 0.08% | 29,000 | Common | NONE |
| 808513105 | SCHW | Charles Schwab Corp | $1.1M | 0.07% | 11,900 | Common | NONE |
| 883556102 | TMO | Thermo Fisher Scientific | $1.1M | 0.07% | 2,300 | Common | NONE |
| 09260D107 | BX | Blackstone Group | $1.1M | 0.07% | 6,410 | Common | NONE |
| 294429105 | EFX | Equifax Inc | $1.1M | 0.07% | 4,250 | Common | NONE |
| 46090E103 | QQQ | Invesco QQQ Tr Unit Ser 1 | $994,172 | 0.06% | 1,656 | Common | NONE |
| 743315103 | PGR | Progressive Corp | $987,800 | 0.06% | 4,000 | Common | NONE |
| 28176E108 | EW | Edwards Lifesciences | $979,902 | 0.06% | 12,600 | Common | NONE |
| 693475105 | PNC | PNC Finl | $966,875 | 0.06% | 4,812 | Common | NONE |
| 36828A101 | GEV | GE Vernova Inc | $951,865 | 0.06% | 1,548 | Common | NONE |
| 03831W108 | APP | Applovin Corp | $942,724 | 0.06% | 1,312 | Common | NONE |
| 871829107 | SYY | Sysco Corp | $905,740 | 0.06% | 11,000 | Common | NONE |
| 00846U101 | A | Agilent | $898,450 | 0.06% | 7,000 | Common | NONE |
| G8994E103 | TT | Trane Tech PLC | $886,116 | 0.06% | 2,100 | Common | NONE |
| 369550108 | GD | General Dynamics | $852,500 | 0.06% | 2,500 | Common | NONE |
| 534187109 | LNC | Lincoln National Corporation | $838,864 | 0.05% | 20,800 | Common | NONE |
| 316773100 | FITB | Fifth Third Bancorp | $819,720 | 0.05% | 18,400 | Common | NONE |
| 372460105 | GPC | Genuine Parts Company | $817,740 | 0.05% | 5,900 | Common | NONE |
| 00206R102 | T | AT&T Inc | $814,865 | 0.05% | 28,855 | Common | NONE |
| 260003108 | DOV | Dover Corporation | $784,101 | 0.05% | 4,700 | Common | NONE |
| 525327102 | LDOS | Leidos Holdings Inc. | $755,840 | 0.05% | 4,000 | Common | NONE |
| 874054109 | TTWO | Take Two | $749,244 | 0.05% | 2,900 | Common | NONE |
| 141788109 | CARG | CarGurus Inc | $722,262 | 0.05% | 19,400 | Common | NONE |
| 056752108 | BIDU | Baidu Inc | $711,558 | 0.05% | 5,400 | Common | NONE |
| 824348106 | SHW | Sherwin-Williams | $657,894 | 0.04% | 1,900 | Common | NONE |
| 007903107 | AMD | Advanced Micro | $650,234 | 0.04% | 4,019 | Common | NONE |
| 494368103 | KMB | Kimberly-Clark | $634,134 | 0.04% | 5,100 | Common | NONE |
| 126408103 | CSX | CSX Corp | $624,976 | 0.04% | 17,600 | Common | NONE |
| 046353108 | AZNN | AstraZeneca PLC | $615,755 | 0.04% | 8,026 | Common | NONE |
| 66987V109 | NVS | Novartis AG | $602,728 | 0.04% | 4,700 | Common | NONE |
| 92343V104 | VZ | Verizon Communications Inc | $588,930 | 0.04% | 13,400 | Common | NONE |
| 69608A108 | PLTR | Palantir Technologies Inc | $583,744 | 0.04% | 3,200 | Common | NONE |
| 654106103 | NKE | Nike Inc Cl B | $580,154 | 0.04% | 8,320 | Common | NONE |
| 446413106 | HII | Huntington Ingalls Industries | $575,820 | 0.04% | 2,000 | Common | NONE |
| 14448C104 | CARR | Carrier Global | $531,330 | 0.03% | 8,900 | Common | NONE |
| 778296103 | ROST | Ross Stores | $528,336 | 0.03% | 3,467 | Common | NONE |
| 969904101 | WSM | Williams-Sonoma | $527,715 | 0.03% | 2,700 | Common | NONE |
| 88579Y101 | MMM | 3M Company | $527,612 | 0.03% | 3,400 | Common | NONE |
| 670346105 | NUE | Nucor Corp | $526,552 | 0.03% | 3,888 | Common | NONE |
| 375558103 | GILD | Gilead Sciences | $507,994 | 0.03% | 4,577 | Common | NONE |
| 25809K105 | DASH | Doordash Inc | $496,382 | 0.03% | 1,825 | Common | NONE |
| G6095L109 | — | Aptiv PLC | $491,454 | 0.03% | 5,700 | Common | NONE |
| 302491303 | FMC | FMC Corporation | $485,886 | 0.03% | 14,448 | Common | NONE |
| 09247X101 | BLKCHF | Blackrock Inc | $485,002 | 0.03% | 416 | Common | NONE |
| 670100205 | NVO | Novo Nordisk ADR | $481,376 | 0.03% | 8,675 | Common | NONE |
| 56585A102 | MPC | Marathon Petroleum Corp | $474,140 | 0.03% | 2,460 | Common | NONE |
| 773903109 | ROK | Rockwell | $454,389 | 0.03% | 1,300 | Common | NONE |
| 31620M106 | FIS | Fidelity Nationl | $446,743 | 0.03% | 6,775 | Common | NONE |
| 71654V408 | PBR | Petroleo Brasileiro | $420,312 | 0.03% | 33,200 | Common | NONE |
| 22052L104 | CTVA | Corteva Inc | $403,562 | 0.03% | 5,967 | Common | NONE |
| 253868103 | DLR | Digital Realty Trust | $400,909 | 0.03% | 2,319 | Common | NONE |
| 595017104 | MCHP | Microchip | $398,164 | 0.03% | 6,200 | Common | NONE |
| 444859102 | HUM | Humana | $396,759 | 0.03% | 1,525 | Common | NONE |
| 21037T109 | CEG | Constl. Energy Corporation | $394,884 | 0.03% | 1,200 | Common | NONE |
| 579780206 | MKC | McCormick and Co | $388,078 | 0.03% | 5,800 | Common | NONE |
| 98978V103 | ZTS | Zoetis Inc | $365,800 | 0.02% | 2,500 | Common | NONE |
| 780259305 | SHEL | Shell PLC | $364,803 | 0.02% | 5,100 | Common | NONE |
| 72651A207 | PAGP | Plains GP Holdings | $364,800 | 0.02% | 20,000 | Common | NONE |
| 05464C101 | AXON | Axon Enterprise Inc | $358,820 | 0.02% | 500 | Common | NONE |
| 808625107 | SAIC | Science Applications Intl Corp | $347,795 | 0.02% | 3,500 | Common | NONE |
| 929160109 | VMC | Vulcan Materials | $338,382 | 0.02% | 1,100 | Common | NONE |
| G5494J103 | — | Linde PLC | $332,975 | 0.02% | 701 | Common | NONE |
| 03783C100 | APPF | AppFolio Inc | $330,792 | 0.02% | 1,200 | Common | NONE |
| 697435105 | PANW | Palo Alto Networks Inc | $325,792 | 0.02% | 1,600 | Common | NONE |
| 81211K100 | SDA | Sealed Air | $314,615 | 0.02% | 8,900 | Common | NONE |
| 071813109 | BAX | Baxter Intl | $300,564 | 0.02% | 13,200 | Common | NONE |
| 45687V106 | IR | Ingersoll-Rand PLC | $297,515 | 0.02% | 3,601 | Common | NONE |
| N07059210 | ASML | ASML Holding NV | $290,427 | 0.02% | 300 | Common | NONE |
| 91913Y100 | VLO | Valero Energy | $289,442 | 0.02% | 1,700 | Common | NONE |
| 49338L103 | KEYS | Keysight Technologies | $279,872 | 0.02% | 1,600 | Common | NONE |
| 500754106 | KHC | Kraft Heinz Co | $276,232 | 0.02% | 10,608 | Common | NONE |
| 74144T108 | TROW | T Rowe Price Grp Inc | $266,864 | 0.02% | 2,600 | Common | NONE |
| 360271100 | FULT | Fulton Financial | $260,820 | 0.02% | 14,000 | Common | NONE |
| 020002101 | ALL | Allstate Corp | $257,580 | 0.02% | 1,200 | Common | NONE |
| 59156R108 | MET | Metlife Inc | $256,006 | 0.02% | 3,108 | Common | NONE |
| H1467J104 | CB | Chubb Limited | $248,944 | 0.02% | 882 | Common | NONE |
| 235851102 | DHR | Danaher Corp | $237,912 | 0.02% | 1,200 | Common | NONE |
| 52736R102 | LEVI | Levi Strauss & Co | $233,000 | 0.02% | 10,000 | Common | NONE |
| 02156V109 | OKLO | Oklo Inc. | $223,260 | 0.01% | 2,000 | Common | NONE |
| 14040H105 | COF | Capital One Financial | $216,619 | 0.01% | 1,019 | Common | NONE |
| 29273V100 | ET | Energy Transfer LP | $211,068 | 0.01% | 12,300 | Common | NONE |
| 055622104 | BP | BP PLC ADS | $206,760 | 0.01% | 6,000 | Common | NONE |
| 075887109 | BDX | Becton Dickenson & Co | $205,887 | 0.01% | 1,100 | Common | NONE |
| 30161N101 | EXC | Exelon Corp | $202,545 | 0.01% | 4,500 | Common | NONE |
| 025537101 | AEP | American Electric Power | $202,500 | 0.01% | 1,800 | Common | NONE |
| 008474108 | AEM | Agnico Eagle Mines Limit | $202,272 | 0.01% | 1,200 | Common | NONE |
| 219350105 | GLW | Corning | $200,563 | 0.01% | 2,445 | Common | NONE |
| 25243Q205 | DEO | Diageo PLC ADR | $200,403 | 0.01% | 2,100 | 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.