Q4 2025 · 13F-HR
CUTLER INVESTMENT COUNSEL LLCholdings as filed
Filed 2026-02-12 · accession 0002085853-26-000254
$961.3M
Reported value
144
Positions
2025-12-31
Period end
The Brief · CUTLER INVESTMENT COUNSEL LLC · Q4 2025
AI · grounded in 13F
CUTLER INVESTMENT COUNSEL LLC established a new position in Q valued at $3.96M. The fund increased its holdings in CVS by 15.91% and IJR by 5.03%. Conversely, the fund reduced its stake in CAT by 22.59% and trimmed its position in DD by 11.35%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 922908629 | VO | VANGUARD INDEX FDS | $46.9M | 4.88% | 161,555 | Common | SOLE |
| 46432F842 | IEFA | ISHARES TR | $44.6M | 4.64% | 498,407 | Common | SOLE |
| 464288646 | IGSB | ISHARES TR | $44.4M | 4.62% | 840,439 | Common | SOLE |
| 78463X509 | SPEM | SPDR INDEX SHS FDS | $38.2M | 3.98% | 816,599 | Common | SOLE |
| 46641Q134 | JIRE | J P MORGAN EXCHANGE TRADED F | $34.8M | 3.62% | 465,225 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $33.1M | 3.44% | 68,345 | Common | SOLE |
| 464287671 | IUSG | ISHARES TR | $32.4M | 3.37% | 192,634 | Common | SOLE |
| 922908736 | VUG | VANGUARD INDEX FDS | $29.0M | 3.02% | 59,533 | Common | SOLE |
| 78464A649 | SPAB | SPDR SERIES TRUST | $28.4M | 2.96% | 1,103,313 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $27.0M | 2.81% | 47,154 | Common | SOLE |
| 46429B267 | GOVT | ISHARES TR | $25.4M | 2.64% | 1,102,938 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $24.7M | 2.57% | 221,338 | Common | SOLE |
| 464287804 | IJR | ISHARES TR | $24.4M | 2.54% | 202,824 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION | $21.3M | 2.22% | 116,338 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INC | $19.1M | 1.99% | 17,861 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $18.8M | 1.95% | 188,026 | Common | SOLE |
| 760759100 | RSG | REPUBLIC SVCS INC | $16.7M | 1.74% | 78,836 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $16.1M | 1.68% | 46,810 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $15.6M | 1.62% | 51,082 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $15.3M | 1.59% | 32,791 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $14.8M | 1.54% | 45,906 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $14.4M | 1.50% | 119,536 | Common | SOLE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $12.6M | 1.31% | 42,646 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $12.0M | 1.25% | 151,681 | Common | SOLE |
| G5960L103 | MDT | MEDTRONIC PLC | $11.4M | 1.18% | 117,479 | Common | SOLE |
| 501044101 | KR | KROGER CO | $11.1M | 1.15% | 177,485 | Common | SOLE |
| 78464A854 | SPYM | SPDR SERIES TRUST | $11.0M | 1.15% | 137,541 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $10.9M | 1.13% | 135,352 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $10.4M | 1.08% | 50,177 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $10.3M | 1.07% | 67,738 | Common | SOLE |
| 46137V266 | RPG | INVESCO EXCHANGE TRADED FD T | $10.2M | 1.06% | 218,806 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $9.9M | 1.03% | 57,011 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $9.6M | 1.00% | 236,481 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $9.4M | 0.98% | 88,580 | Common | SOLE |
| 693475105 | PNC | PNC FINL SVCS GROUP INC | $9.3M | 0.97% | 44,546 | Common | SOLE |
| 464287200 | IVV | ISHARES TR | $9.3M | 0.96% | 13,532 | Common | SOLE |
| 922042718 | VSS | VANGUARD INTL EQUITY INDEX F | $8.9M | 0.92% | 61,864 | Common | SOLE |
| 92189H300 | EMLC | VANECK ETF TRUST | $8.7M | 0.90% | 336,869 | Common | SOLE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $8.6M | 0.90% | 60,146 | Common | SOLE |
| 713448108 | PEP | PEPSICO INC | $8.3M | 0.86% | 57,369 | Common | SOLE |
| 46434V647 | REET | ISHARES TR | $8.1M | 0.84% | 323,641 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $8.0M | 0.84% | 41,450 | Common | SOLE |
| 55261F104 | MTB | M & T BK CORP | $7.9M | 0.82% | 39,223 | Common | SOLE |
| 14448C104 | CARR | CARRIER GLOBAL CORPORATION | $7.9M | 0.82% | 148,583 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $7.7M | 0.80% | 120,391 | Common | SOLE |
| 46429B689 | EFAV | ISHARES TR | $7.4M | 0.77% | 85,432 | Common | SOLE |
| 921937819 | BIV | VANGUARD BD INDEX FDS | $7.1M | 0.74% | 91,302 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $6.9M | 0.71% | 25,201 | Common | SOLE |
| 922908769 | VTI | VANGUARD INDEX FDS | $6.6M | 0.69% | 19,724 | Common | SOLE |
| 922908744 | VTV | VANGUARD INDEX FDS | $6.2M | 0.65% | 32,640 | Common | SOLE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $5.9M | 0.61% | 94,024 | Common | SOLE |
| 808524607 | SCHA | SCHWAB STRATEGIC TR | $5.2M | 0.54% | 182,517 | Common | SOLE |
| 46138E735 | PDN | INVESCO EXCH TRADED FD TR II | $4.4M | 0.46% | 104,096 | Common | SOLE |
| 526057104 | LEN | LENNAR CORP | $4.4M | 0.45% | 42,464 | Common | SOLE |
| 808524797 | SCHD | SCHWAB STRATEGIC TR | $4.4M | 0.45% | 159,122 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $4.1M | 0.43% | 165,269 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $4.0M | 0.41% | 7,590 | Common | SOLE |
| 74743L100 | Q | QNITY ELECTRONICS INC | $4.0M | 0.41% | 48,546 | Common | SOLE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX F | $3.9M | 0.41% | 72,606 | Common | SOLE |
| 26614N102 | DD | DUPONT DE NEMOURS INC | $3.6M | 0.38% | 89,789 | Common | SOLE |
| 921937835 | BND | VANGUARD BD INDEX FDS | $3.4M | 0.35% | 45,954 | Common | SOLE |
| 74348A467 | NOBL | PROSHARES TR | $3.4M | 0.35% | 32,226 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $3.0M | 0.32% | 13,169 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $2.8M | 0.29% | 5,553 | Common | SOLE |
| 922042742 | VT | VANGUARD INTL EQUITY INDEX F | $2.7M | 0.28% | 19,266 | Common | SOLE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $2.5M | 0.26% | 2,931 | Common | SOLE |
| 60510V108 | AVO | MISSION PRODUCE INC | $2.5M | 0.26% | 211,750 | Common | SOLE |
| 808524748 | FNDC | SCHWAB STRATEGIC TR | $2.4M | 0.25% | 54,729 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $2.3M | 0.24% | 7,475 | Common | SOLE |
| 808524763 | FNDA | SCHWAB STRATEGIC TR | $2.3M | 0.23% | 71,662 | Common | SOLE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $2.2M | 0.23% | 24,817 | Common | SOLE |
| 808524755 | FNDF | SCHWAB STRATEGIC TR | $2.2M | 0.22% | 47,642 | Common | SOLE |
| 808524201 | SCHX | SCHWAB STRATEGIC TR | $1.9M | 0.20% | 72,018 | Common | SOLE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $1.9M | 0.19% | 8,506 | Common | SOLE |
| 92206C409 | VCSH | VANGUARD SCOTTSDALE FDS | $1.9M | 0.19% | 23,281 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $1.7M | 0.18% | 2,480 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.6M | 0.16% | 8,470 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL | $1.5M | 0.16% | 2 | Common | SOLE |
| 92203J407 | BNDX | VANGUARD CHARLOTTE FDS | $1.4M | 0.14% | 28,109 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $1.3M | 0.14% | 2,901 | Common | SOLE |
| 922907746 | VTEB | VANGUARD MUN BD FDS | $1.2M | 0.12% | 22,944 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $1.1M | 0.12% | 1,824 | Common | SOLE |
| 808524730 | FNDE | SCHWAB STRATEGIC TR | $1.1M | 0.12% | 30,729 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $1.1M | 0.11% | 3,476 | Common | SOLE |
| 92204A702 | VGT | VANGUARD WORLD FD | $1.1M | 0.11% | 1,415 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $995,135 | 0.10% | 2,511 | Common | SOLE |
| 808524771 | FNDX | SCHWAB STRATEGIC TR | $949,244 | 0.10% | 34,886 | Common | SOLE |
| 808524839 | SCHZ | SCHWAB STRATEGIC TR | $908,943 | 0.09% | 38,894 | Common | SOLE |
| 03073E105 | COR | CENCORA INC | $827,826 | 0.09% | 2,451 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $791,465 | 0.08% | 12,286 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $779,059 | 0.08% | 8,359 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $730,113 | 0.08% | 3,028 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $726,370 | 0.08% | 3,179 | Common | SOLE |
| 855244109 | SBUX | STARBUCKS CORP | $691,717 | 0.07% | 8,214 | Common | SOLE |
| 00326A104 | SGOL | ETFS GOLD TR | $681,353 | 0.07% | 16,586 | Common | SOLE |
| 464288273 | SCZ | ISHARES TR | $651,795 | 0.07% | 8,407 | Common | SOLE |
| 921946406 | VYM | VANGUARD WHITEHALL FDS | $618,572 | 0.06% | 4,310 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $579,750 | 0.06% | 2,008 | Common | SOLE |
| 464288281 | EMB | ISHARES TR | $560,254 | 0.06% | 5,819 | Common | SOLE |
| 744573106 | PEG | PUBLIC SVC ENTERPRISE GRP IN | $543,471 | 0.06% | 6,768 | Common | SOLE |
| 921910725 | VSGX | VANGUARD WORLD FD | $526,264 | 0.05% | 7,348 | Common | SOLE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $522,441 | 0.05% | 12,238 | Common | SOLE |
| 464287507 | IJH | ISHARES TR | $508,728 | 0.05% | 7,708 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYS INC | $483,287 | 0.05% | 6,274 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $476,489 | 0.05% | 933 | Common | SOLE |
| 291011104 | EMR | EMERSON ELEC CO | $457,884 | 0.05% | 3,450 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $456,612 | 0.05% | 4,870 | Common | NONE |
| 25434V708 | DFAC | DIMENSIONAL ETF TRUST | $454,296 | 0.05% | 11,475 | Common | SOLE |
| 921910733 | ESGV | VANGUARD WORLD FD | $453,117 | 0.05% | 3,746 | Common | SOLE |
| 72201R833 | MINT | PIMCO ETF TR | $435,830 | 0.05% | 4,328 | Common | SOLE |
| 808524409 | SCHV | SCHWAB STRATEGIC TR | $428,682 | 0.04% | 14,478 | Common | SOLE |
| 922908652 | VXF | VANGUARD INDEX FDS | $422,423 | 0.04% | 2,020 | Common | SOLE |
| 387328107 | GVA | GRANITE CONSTR INC | $421,502 | 0.04% | 3,650 | Common | SOLE |
| 808524805 | SCHF | SCHWAB STRATEGIC TR | $410,940 | 0.04% | 17,094 | Common | SOLE |
| 78463X889 | SPDW | SPDR INDEX SHS FDS | $407,595 | 0.04% | 9,178 | Common | SOLE |
| 922908595 | VBK | VANGUARD INDEX FDS | $398,109 | 0.04% | 1,318 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $382,416 | 0.04% | 610 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $378,790 | 0.04% | 1,094 | Common | SOLE |
| 922908751 | VB | VANGUARD INDEX FDS | $377,897 | 0.04% | 1,465 | Common | SOLE |
| 922908611 | VBR | VANGUARD INDEX FDS | $373,386 | 0.04% | 1,763 | Common | SOLE |
| 92826C839 | V | VISA INC | $371,098 | 0.04% | 1,058 | Common | SOLE |
| 011659109 | ALK | ALASKA AIR GROUP INC | $364,047 | 0.04% | 7,238 | Common | SOLE |
| 464288810 | IHI | ISHARES TR | $360,035 | 0.04% | 5,793 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $341,867 | 0.04% | 1,122 | Common | SOLE |
| 464287226 | AGG | ISHARES TR | $331,003 | 0.03% | 3,314 | Common | SOLE |
| 46434G863 | ESGE | ISHARES INC | $329,774 | 0.03% | 7,466 | Common | SOLE |
| 780087102 | RY | ROYAL BK CDA | $312,850 | 0.03% | 1,835 | Common | SOLE |
| 92203C303 | VUSB | VANGUARD BD INDEX FDS | $312,298 | 0.03% | 6,266 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $301,022 | 0.03% | 456 | Common | SOLE |
| 78464A409 | SPYG | SPDR SERIES TRUST | $294,172 | 0.03% | 2,757 | Common | SOLE |
| 025537101 | AEP | AMERICAN ELEC PWR CO INC | $277,436 | 0.03% | 2,406 | Common | SOLE |
| 37954Y632 | AIQ | GLOBAL X FDS | $267,151 | 0.03% | 5,248 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $245,371 | 0.03% | 4,942 | Common | SOLE |
| 46138E743 | PXF | INVESCO EXCH TRADED FD TR II | $242,189 | 0.03% | 3,695 | Common | SOLE |
| 922042676 | VNQI | VANGUARD INTL EQUITY INDEX F | $242,028 | 0.03% | 5,280 | Common | SOLE |
| 055622104 | BP | BP PLC | $238,938 | 0.02% | 6,880 | Common | SOLE |
| 46434G103 | IEMG | ISHARES INC | $232,313 | 0.02% | 3,456 | Common | SOLE |
| 464287614 | IWF | ISHARES TR | $230,885 | 0.02% | 488 | Common | SOLE |
| 191216100 | KO | COCA COLA CO | $222,094 | 0.02% | 3,177 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $220,607 | 0.02% | 674 | Common | SOLE |
| 74347X831 | TQQQ | PROSHARES TR | $206,636 | 0.02% | 3,919 | Common | SOLE |
| 645827205 | IDR | IDAHO STRATEGIC RESOURCES | $201,500 | 0.02% | 5,000 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $122,862 | 0.01% | 200 | PUT | SOLE |
| 76152G100 | — | REVIVA PHARMACEUTCLS HLDGS I | $9,347 | 0.00% | 33,500 | Common | SOLE |
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.