Q4 2025 · 13F-HR
CULLINAN ASSOCIATES INCholdings as filed
Filed 2026-01-30 · accession 0001161670-26-000001
$1.48B
Reported value
211
Positions
2025-12-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 037833100 | AAPL | Apple Inc | $121.5M | 8.23% | 446,756 | Common | NONE |
| 191216100 | KO | Coca-Cola Company | $95.5M | 6.47% | 1,365,746 | Common | NONE |
| 594918104 | MSFT | Microsoft Corp | $86.0M | 5.83% | 177,745 | Common | NONE |
| 78409V104 | SPGI | S&P Global Inc. | $63.7M | 4.32% | 121,940 | Common | NONE |
| 931142103 | WMT | Wal-Mart Stores Inc | $58.0M | 3.93% | 521,003 | Common | NONE |
| 478160104 | JNJ | Johnson & Johnson | $40.2M | 2.72% | 194,105 | Common | NONE |
| 02079K305 | GOOGL | Alphabet Class A | $39.7M | 2.69% | 126,728 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 Trust | $38.8M | 2.63% | 56,861 | Common | NONE |
| 742718109 | PG | Procter & Gamble Co | $37.1M | 2.52% | 259,050 | Common | NONE |
| 459200101 | IBM | Intl Business Machines Corp | $35.3M | 2.39% | 119,106 | Common | NONE |
| 02079K107 | GOOG | Alphabet Class C | $31.8M | 2.16% | 101,414 | Common | NONE |
| 30231G102 | XOM | Exxon Mobil | $30.3M | 2.05% | 251,604 | Common | NONE |
| 023135106 | AMZN | Amazon | $30.2M | 2.04% | 130,713 | Common | NONE |
| 92532F100 | VRTX | Vertex Pharmaceutical | $23.3M | 1.58% | 51,312 | Common | NONE |
| 46625H100 | JPM | J P Morgan Chase & Co | $22.4M | 1.52% | 69,616 | Common | NONE |
| 68389X105 | ORCL | Oracle Corp | $22.1M | 1.50% | 113,241 | Common | NONE |
| 580135101 | MCD | McDonalds Corp | $19.6M | 1.33% | 64,268 | Common | NONE |
| 00287Y109 | ABBV | AbbVie Inc | $19.1M | 1.29% | 83,375 | Common | NONE |
| 149123101 | CAT | Caterpillar | $17.4M | 1.18% | 30,289 | Common | NONE |
| 512807108 | LRCXEUR | Lam Research Corp | $16.6M | 1.13% | 97,000 | Common | NONE |
| 548661107 | LOW | Lowes Companies Inc | $16.2M | 1.10% | 67,028 | Common | NONE |
| 166764100 | CVX | Chevron Corp | $16.1M | 1.09% | 105,717 | Common | NONE |
| 025816109 | AXP | American Express Co | $16.0M | 1.09% | 43,280 | Common | NONE |
| 001055102 | AFL | AFLAC Inc | $15.7M | 1.06% | 142,174 | Common | NONE |
| 67066G104 | NVDA | Nvidia Corp | $15.4M | 1.04% | 82,500 | Common | NONE |
| 038222105 | AMAT | Applied Materials | $15.2M | 1.03% | 58,988 | Common | NONE |
| 285512109 | EA | Electronic Arts | $14.5M | 0.98% | 70,963 | Common | NONE |
| 30303M102 | META | Meta Platforms Inc | $13.9M | 0.95% | 21,128 | Common | NONE |
| 74758T303 | QLYS | Qualys Inc | $13.7M | 0.93% | 102,800 | Common | NONE |
| 882508104 | TXN | Texas Instruments | $13.2M | 0.90% | 76,302 | Common | NONE |
| 22160K105 | COST | Costco Wholesale Corp | $11.8M | 0.80% | 13,717 | Common | NONE |
| 842587107 | SO | Southern Co | $11.3M | 0.77% | 129,777 | Common | NONE |
| 38141G104 | GS | Goldman Sachs | $11.0M | 0.75% | 12,525 | Common | NONE |
| 244199105 | DE | Deere & Company | $10.6M | 0.72% | 22,834 | Common | NONE |
| 12572Q105 | CME | CME Group | $10.6M | 0.72% | 38,753 | Common | NONE |
| 482480100 | KLAC | KLA Corporation | $10.4M | 0.70% | 8,521 | Common | NONE |
| 437076102 | HD | Home Depot | $10.3M | 0.70% | 30,001 | Common | NONE |
| 031162100 | AMGN | Amgen Inc | $10.2M | 0.69% | 31,143 | Common | NONE |
| 90353T100 | UBER | Uber Technologies Inc | $10.1M | 0.68% | 123,524 | Common | NONE |
| 650111107 | NYT | New York Times Company | $10.1M | 0.68% | 145,310 | Common | NONE |
| 254687106 | DIS | Walt Disney Company | $9.7M | 0.66% | 85,182 | Common | NONE |
| 539830109 | LMT | Lockheed Martin | $9.6M | 0.65% | 19,948 | Common | NONE |
| 92826C839 | V | Visa Inc Cl A | $9.5M | 0.64% | 27,045 | Common | NONE |
| 060505104 | BAC | Bank Of America | $8.6M | 0.58% | 156,371 | Common | NONE |
| 532457108 | LLY | Eli Lilly & Company | $8.6M | 0.58% | 7,978 | Common | NONE |
| 291011104 | EMR | Emerson Electric Company | $8.5M | 0.58% | 63,961 | Common | NONE |
| 872540109 | TJX | TJX Companies | $8.4M | 0.57% | 54,937 | Common | NONE |
| 12541W209 | CHRW | C H Robinsin Worldwide | $8.1M | 0.55% | 50,300 | Common | NONE |
| 911312106 | UPS | United Parcel Service Inc Cl B | $7.8M | 0.53% | 78,301 | Common | NONE |
| 747525103 | QCOM | Qualcomm Inc | $7.6M | 0.51% | 44,294 | Common | NONE |
| 89417E109 | TRV | The Travelers Companies | $7.5M | 0.51% | 25,876 | Common | NONE |
| 17275R102 | CSCO | Cisco Systems Inc | $7.4M | 0.50% | 95,625 | Common | NONE |
| 009066101 | ABNB | Airbnb Inc | $7.3M | 0.50% | 54,022 | Common | NONE |
| 718172109 | PM | Philip Morris | $7.1M | 0.48% | 44,429 | Common | NONE |
| 113809107 | — | Berkshire Hathaway Cl B | $6.7M | 0.45% | 13,287 | Common | NONE |
| 278865100 | ECL | Ecolab Inc | $6.6M | 0.45% | 25,200 | Common | NONE |
| 655844108 | NSC | Norfolk Southern | $5.6M | 0.38% | 19,400 | Common | NONE |
| 70450Y103 | PYPL | PayPal Hldg Inc | $5.5M | 0.37% | 93,813 | Common | NONE |
| 744320102 | PRU | Prudential Financial | $5.4M | 0.36% | 47,554 | Common | NONE |
| 58933Y105 | MRK | Merck & Company Inc | $5.3M | 0.36% | 50,534 | Common | NONE |
| 88160R101 | TSLA | Tesla Motors Inc | $5.2M | 0.35% | 11,600 | Common | NONE |
| 988498101 | YUM | YUM Brands | $4.9M | 0.33% | 32,395 | Common | NONE |
| 311900104 | FAST | Fastenal Company | $4.9M | 0.33% | 121,782 | Common | NONE |
| 231021106 | CMI | Cummins | $4.7M | 0.32% | 9,304 | Common | NONE |
| 617446448 | MS | Morgan Stanley | $4.7M | 0.32% | 26,744 | Common | NONE |
| 268150109 | DT | Dynatrace Holdings LLC | $4.7M | 0.32% | 109,000 | Common | NONE |
| 713448108 | PEP | PepsiCo | $4.7M | 0.32% | 32,893 | Common | NONE |
| 949746101 | WMT2 | Wells Fargo & Co | $4.6M | 0.31% | 49,666 | Common | NONE |
| 57636Q104 | MA | Mastercard | $4.3M | 0.29% | 7,600 | Common | NONE |
| G5960L103 | MDT | Medtronic Plc | $4.2M | 0.28% | 43,292 | Common | NONE |
| 907818108 | UNP | Union Pacific Corp | $4.2M | 0.28% | 17,960 | Common | NONE |
| 002824100 | ABT | Abbott Laboratories | $4.1M | 0.28% | 32,540 | Common | NONE |
| 922908363 | VOO | Vanguard S&P 500 ETF | $4.1M | 0.28% | 6,500 | Common | NONE |
| 126650100 | CVS | CVS Health Corp | $3.8M | 0.25% | 47,387 | Common | NONE |
| 194162103 | CL | Colgate-Palmolive Company | $3.7M | 0.25% | 47,039 | Common | NONE |
| 26441C204 | DUK | Duke Energy Hldg | $3.5M | 0.24% | 29,648 | Common | NONE |
| 452308109 | ITW | Illinois Tool Works | $3.4M | 0.23% | 14,006 | Common | NONE |
| 40434L105 | HPQ | HP Inc | $3.4M | 0.23% | 152,725 | Common | NONE |
| 464287614 | IWF | iShares Russell 1000 Growth ET | $3.3M | 0.22% | 6,915 | Common | NONE |
| 75513E101 | RTX | RTX Corporation | $3.2M | 0.22% | 17,650 | Common | NONE |
| 20030N101 | CMCSA | Comcast Corp | $3.2M | 0.21% | 106,088 | Common | NONE |
| 79466L302 | CRM | Salesforce.com Inc | $3.2M | 0.21% | 11,900 | Common | NONE |
| 666807102 | NOC | Northrop Grumman Corp | $3.1M | 0.21% | 5,492 | Common | NONE |
| 11135F101 | AVGO | Broadcom Ltd | $3.1M | 0.21% | 8,880 | Common | NONE |
| 00724F101 | ADBE | Adobe | $3.0M | 0.21% | 8,650 | Common | NONE |
| 863667101 | SYK | Stryker | $3.0M | 0.20% | 8,545 | Common | NONE |
| 049468101 | TEAM | Atlassian Corp CL A | $2.9M | 0.20% | 18,017 | Common | NONE |
| 74340W103 | PLD | ProLogis Inc | $2.9M | 0.19% | 22,447 | Common | NONE |
| 89832Q109 | TFC | Truist Financial Corporation | $2.8M | 0.19% | 57,435 | Common | NONE |
| N07059210 | ASML | ASML Holding NV | $2.8M | 0.19% | 2,600 | Common | NONE |
| 46120E602 | ISRG | Intuitive Surgical Inc | $2.8M | 0.19% | 4,900 | Common | NONE |
| 110122108 | BMY | Bristol Myers Squibb Company | $2.8M | 0.19% | 50,994 | Common | NONE |
| 053015103 | ADP | Automatic Data | $2.6M | 0.18% | 10,300 | Common | NONE |
| 679295105 | OKTA | Okta Inc | $2.4M | 0.17% | 28,300 | Common | NONE |
| 642045108 | AESI | New Atlas Holdco Inc | $2.4M | 0.16% | 252,000 | Common | NONE |
| 609207105 | MDLZ | Mondelez Intl | $2.4M | 0.16% | 43,687 | Common | NONE |
| 032654105 | ADI | Analog Devices | $2.3M | 0.16% | 8,446 | Common | NONE |
| 776696106 | ROP | Roper Technologies | $2.2M | 0.15% | 5,000 | Common | NONE |
| 91324P102 | UNH | UnitedHealth | $2.2M | 0.15% | 6,529 | Common | NONE |
| 458140100 | INTC | Intel Corp | $2.1M | 0.14% | 56,389 | Common | NONE |
| 228227104 | — | Crown Castle | $2.0M | 0.14% | 22,872 | Common | NONE |
| 20825C104 | COP | ConocoPhillips | $2.0M | 0.14% | 21,432 | Common | NONE |
| 336433107 | FSLR | First Solar Inc | $2.0M | 0.13% | 7,500 | Common | NONE |
| 95040Q104 | WELL | Welltower Inc | $1.9M | 0.13% | 10,075 | Common | NONE |
| 902973304 | USB | U S Bancorp | $1.9M | 0.13% | 34,950 | Common | NONE |
| 854502101 | SWK | Stanley Black & Decker | $1.8M | 0.12% | 24,600 | Common | NONE |
| 37637K108 | GTLB | Gitlab Inc Cl A | $1.8M | 0.12% | 47,000 | Common | NONE |
| 02209S103 | MO | Altria Group | $1.8M | 0.12% | 30,427 | Common | NONE |
| 461202103 | INTU | Intuit | $1.8M | 0.12% | 2,645 | Common | NONE |
| 65339F101 | NEE | NextEra Energy | $1.7M | 0.12% | 21,335 | Common | NONE |
| 438516106 | HON | Honeywell | $1.6M | 0.11% | 8,390 | Common | NONE |
| 369604301 | GE | GE Aerospace | $1.6M | 0.11% | 5,288 | Common | NONE |
| G1151C101 | ACN | Accenture PLC | $1.5M | 0.10% | 5,439 | Common | NONE |
| 74275K108 | PCOR | Procore Technologies Inc | $1.5M | 0.10% | 20,000 | Common | NONE |
| 81762P102 | NOW | ServiceNow | $1.4M | 0.09% | 9,000 | Common | NONE |
| 717081103 | PFE | Pfizer Inc | $1.4M | 0.09% | 55,301 | Common | NONE |
| H42097107 | UBS | UBS AG | $1.3M | 0.09% | 29,000 | Common | NONE |
| 097023105 | BA | Boeing | $1.3M | 0.09% | 6,175 | Common | NONE |
| 883556102 | TMO | Thermo Fisher Scientific | $1.3M | 0.09% | 2,300 | Common | NONE |
| 64110L106 | NFLX | Netflix | $1.3M | 0.09% | 13,700 | Common | NONE |
| G29183103 | ETN | Eaton Corp | $1.3M | 0.09% | 4,024 | Common | NONE |
| 718546104 | PSX | Phillips 66 | $1.2M | 0.08% | 9,639 | Common | NONE |
| 25746U109 | D | Dominion Energy | $1.2M | 0.08% | 20,378 | Common | NONE |
| 808513105 | SCHW | Charles Schwab Corp | $1.2M | 0.08% | 11,900 | Common | NONE |
| 101137107 | BSX | Boston Scientific | $1.2M | 0.08% | 12,400 | Common | NONE |
| 697435105 | PANW | Palo Alto Networks Inc | $1.1M | 0.07% | 6,000 | Common | NONE |
| 28176E108 | EW | Edwards Lifesciences | $1.1M | 0.07% | 12,600 | Common | NONE |
| 46090E103 | QQQ | Invesco QQQ Tr Unit Ser 1 | $1.0M | 0.07% | 1,656 | Common | NONE |
| 770700102 | HOOD | Robinhood Markets Inc | $1.0M | 0.07% | 8,900 | Common | NONE |
| 09260D107 | BX | Blackstone Group | $988,037 | 0.07% | 6,410 | Common | NONE |
| 00846U101 | A | Agilent | $952,490 | 0.06% | 7,000 | Common | NONE |
| 693475105 | PNC | PNC Finl | $928,431 | 0.06% | 4,448 | Common | NONE |
| 534187109 | LNC | Lincoln National Corporation | $926,224 | 0.06% | 20,800 | Common | NONE |
| 294429105 | EFX | Equifax Inc | $922,165 | 0.06% | 4,250 | Common | NONE |
| 743315103 | PGR | Progressive Corp | $910,880 | 0.06% | 4,000 | Common | NONE |
| 71467V109 | — | Quantum Scape Corp | $895,078 | 0.06% | 85,900 | Common | NONE |
| 03831W108 | APP | Applovin Corp | $884,052 | 0.06% | 1,312 | Common | NONE |
| 316773100 | FITB | Fifth Third Bancorp | $861,304 | 0.06% | 18,400 | Common | NONE |
| 369550108 | GD | General Dynamics | $841,650 | 0.06% | 2,500 | Common | NONE |
| G8994E103 | TT | Trane Tech PLC | $817,320 | 0.06% | 2,100 | Common | NONE |
| 871829107 | SYY | Sysco Corp | $810,590 | 0.05% | 11,000 | Common | NONE |
| 007903107 | AMD | Advanced Micro | $796,461 | 0.05% | 3,719 | Common | NONE |
| 36828A101 | GEV | GE Vernova Inc | $794,741 | 0.05% | 1,216 | Common | NONE |
| 874054109 | TTWO | Take Two | $742,487 | 0.05% | 2,900 | Common | NONE |
| 046353108 | AZNN | AstraZeneca PLC | $737,830 | 0.05% | 8,026 | Common | NONE |
| 372460105 | GPC | Genuine Parts Company | $725,464 | 0.05% | 5,900 | Common | NONE |
| 525327102 | LDOS | Leidos Holdings Inc. | $721,600 | 0.05% | 4,000 | Common | NONE |
| 056752108 | BIDU | Baidu Inc | $705,564 | 0.05% | 5,400 | Common | NONE |
| 446413106 | HII | Huntington Ingalls Industries | $680,140 | 0.05% | 2,000 | Common | NONE |
| 66987V109 | NVS | Novartis AG | $647,989 | 0.04% | 4,700 | Common | NONE |
| 126408103 | CSX | CSX Corp | $638,000 | 0.04% | 17,600 | Common | NONE |
| 670346105 | NUE | Nucor Corp | $634,172 | 0.04% | 3,888 | Common | NONE |
| 778296103 | ROST | Ross Stores | $624,545 | 0.04% | 3,467 | Common | NONE |
| 375558103 | GILD | Gilead Sciences | $572,155 | 0.04% | 4,662 | Common | NONE |
| 19260Q107 | COIN | Coinbase Global Inc. | $548,389 | 0.04% | 2,425 | Common | NONE |
| 88579Y101 | MMM | 3M Company | $544,340 | 0.04% | 3,400 | Common | NONE |
| 654106103 | NKE | Nike Inc Cl B | $531,341 | 0.04% | 8,340 | Common | NONE |
| 92343V104 | VZ | Verizon Communications Inc | $513,198 | 0.03% | 12,600 | Common | NONE |
| 773903109 | ROK | Rockwell | $505,791 | 0.03% | 1,300 | Common | NONE |
| 969904101 | WSM | Williams-Sonoma | $482,193 | 0.03% | 2,700 | Common | NONE |
| 14448C104 | CARR | Carrier Global | $475,560 | 0.03% | 9,000 | Common | NONE |
| 31620M106 | FIS | Fidelity Nationl | $450,266 | 0.03% | 6,775 | Common | NONE |
| 670100205 | NVO | Novo Nordisk ADR | $441,384 | 0.03% | 8,675 | Common | NONE |
| G6095L109 | — | Aptiv PLC | $433,713 | 0.03% | 5,700 | Common | NONE |
| 21037T109 | CEG | Constl. Energy Corporation | $423,924 | 0.03% | 1,200 | Common | NONE |
| 141788109 | CARG | CarGurus Inc | $414,180 | 0.03% | 10,800 | Common | NONE |
| 25809K105 | DASH | Doordash Inc | $413,326 | 0.03% | 1,825 | Common | NONE |
| 444859102 | HUM | Humana | $409,808 | 0.03% | 1,600 | Common | NONE |
| 69608A108 | PLTR | Palantir Technologies Inc | $408,825 | 0.03% | 2,300 | Common | NONE |
| 56585A102 | MPC | Marathon Petroleum Corp | $400,070 | 0.03% | 2,460 | Common | NONE |
| 595017104 | MCHP | Microchip | $395,064 | 0.03% | 6,200 | Common | NONE |
| 579780206 | MKC | McCormick and Co | $395,038 | 0.03% | 5,800 | Common | NONE |
| 71654V408 | PBR | Petroleo Brasileiro | $393,420 | 0.03% | 33,200 | Common | NONE |
| 22052L104 | CTVA | Corteva Inc | $393,279 | 0.03% | 5,867 | Common | NONE |
| 03027X100 | AMT | American Tower REIT | $386,254 | 0.03% | 2,200 | Common | NONE |
| 494368103 | KMB | Kimberly-Clark | $383,382 | 0.03% | 3,800 | Common | NONE |
| 72651A207 | PAGP | Plains GP Holdings | $382,800 | 0.03% | 20,000 | Common | NONE |
| 780259305 | SHEL | Shell PLC | $374,748 | 0.03% | 5,100 | Common | NONE |
| 253868103 | DLR | Digital Realty Trust | $358,772 | 0.02% | 2,319 | Common | NONE |
| 808625107 | SAIC | Science Applications Intl Corp | $352,310 | 0.02% | 3,500 | Common | NONE |
| 49338L103 | KEYS | Keysight Technologies | $325,104 | 0.02% | 1,600 | Common | NONE |
| 922908736 | VUG | Vanguard Growth Indx ETF | $318,573 | 0.02% | 653 | Common | NONE |
| 98978V103 | ZTS | Zoetis Inc | $314,550 | 0.02% | 2,500 | Common | NONE |
| 00206R102 | T | AT&T Inc | $314,350 | 0.02% | 12,655 | Common | NONE |
| 929160109 | VMC | Vulcan Materials | $313,742 | 0.02% | 1,100 | Common | NONE |
| 92206C623 | VTWG | Vanguard Russ 2000 Growth ETF | $312,215 | 0.02% | 1,323 | Common | NONE |
| 92206C680 | VONG | Vanguard Russ 1000 Growth | $309,367 | 0.02% | 2,541 | Common | NONE |
| 256163106 | DOCU | Docusign Inc | $294,120 | 0.02% | 4,300 | Common | NONE |
| G5494J103 | — | Linde PLC | $288,240 | 0.02% | 676 | Common | NONE |
| 45687V106 | IR | Ingersoll-Rand PLC | $285,271 | 0.02% | 3,601 | Common | NONE |
| 05464C101 | AXON | Axon Enterprise Inc | $283,965 | 0.02% | 500 | Common | NONE |
| 03783C100 | APPF | AppFolio Inc | $279,180 | 0.02% | 1,200 | Common | NONE |
| 91913Y100 | VLO | Valero Energy | $276,743 | 0.02% | 1,700 | Common | NONE |
| H1467J104 | CB | Chubb Limited | $275,290 | 0.02% | 882 | Common | NONE |
| 235851102 | DHR | Danaher Corp | $274,704 | 0.02% | 1,200 | Common | NONE |
| 360271100 | FULT | Fulton Financial | $270,620 | 0.02% | 14,000 | Common | NONE |
| 74144T108 | TROW | T Rowe Price Grp Inc | $266,188 | 0.02% | 2,600 | Common | NONE |
| 055622104 | BP | BP PLC ADS | $263,948 | 0.02% | 7,600 | Common | NONE |
| 59156R108 | MET | Metlife Inc | $261,134 | 0.02% | 3,308 | Common | NONE |
| 500754106 | KHC | Kraft Heinz Co | $252,394 | 0.02% | 10,408 | Common | NONE |
| 071813109 | BAX | Baxter Intl | $252,252 | 0.02% | 13,200 | Common | NONE |
| 020002101 | ALL | Allstate Corp | $249,780 | 0.02% | 1,200 | Common | NONE |
| 14040H105 | COF | Capital One Financial | $246,965 | 0.02% | 1,019 | Common | NONE |
| 31428X106 | FDX | FedEx | $216,645 | 0.01% | 750 | Common | NONE |
| 219350105 | GLW | Corning | $216,273 | 0.01% | 2,470 | Common | NONE |
| 075887109 | BDX | Becton Dickenson & Co | $216,000 | 0.01% | 1,113 | Common | NONE |
| 09247X101 | BLKCHF | Blackrock Inc | $214,068 | 0.01% | 200 | Common | NONE |
| 52736R102 | LEVI | Levi Strauss & Co | $207,400 | 0.01% | 10,000 | Common | NONE |
| 008474108 | AEM | Agnico Eagle Mines Limit | $203,436 | 0.01% | 1,200 | Common | NONE |
| 29273V100 | ET | Energy Transfer LP | $202,827 | 0.01% | 12,300 | Common | NONE |
| 302491303 | FMC | FMC Corporation | $200,394 | 0.01% | 14,448 | 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.