Q1 2026 · 13F-HR
CUTLER INVESTMENT COUNSEL LLCholdings as filed
Filed 2026-05-07 · accession 0002085853-26-000576
$971.1M
Reported value
146
Positions
2026-03-31
Period end
The Brief · CUTLER INVESTMENT COUNSEL LLC · Q1 2026
AI · grounded in 13F
CUTLER INVESTMENT COUNSEL LLC established a new position in PSX valued at $7.16M. The fund reduced its holdings in several positions, most notably trimming NKE by 10.88%. Other reductions include IUSG by 2.32% and BLK by 2.02%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 922908629 | VO | VANGUARD INDEX FDS | $46.3M | 4.77% | 161,267 | Common | SOLE |
| 464288646 | IGSB | ISHARES TR | $44.8M | 4.62% | 853,088 | Common | SOLE |
| 46432F842 | IEFA | ISHARES TR | $44.4M | 4.58% | 490,822 | Common | SOLE |
| 78463X509 | SPEM | SPDR INDEX SHS FDS | $37.6M | 3.87% | 801,642 | Common | SOLE |
| 46641Q134 | JIRE | J P MORGAN EXCHANGE TRADED F | $35.4M | 3.65% | 467,420 | Common | SOLE |
| 464287671 | IUSG | ISHARES TR | $29.2M | 3.01% | 188,165 | Common | SOLE |
| 78464A649 | SPAB | SPDR SERIES TRUST | $28.7M | 2.95% | 1,118,858 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $27.1M | 2.79% | 217,517 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $26.8M | 2.76% | 37,823 | Common | SOLE |
| 922908736 | VUG | VANGUARD INDEX FDS | $25.7M | 2.65% | 58,824 | Common | SOLE |
| 464287804 | IJR | ISHARES TR | $25.5M | 2.63% | 205,385 | Common | SOLE |
| 46429B267 | GOVT | ISHARES TR | $25.5M | 2.62% | 1,111,849 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $25.0M | 2.58% | 67,557 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION | $22.2M | 2.28% | 114,965 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $20.2M | 2.08% | 119,008 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $18.3M | 1.88% | 32,350 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $17.5M | 1.80% | 186,331 | Common | SOLE |
| 760759100 | RSG | REPUBLIC SVCS INC | $17.0M | 1.75% | 77,527 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INC | $16.8M | 1.73% | 17,500 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $15.6M | 1.61% | 50,344 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $15.2M | 1.56% | 46,205 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORPORATION | $13.6M | 1.40% | 65,806 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO | $13.5M | 1.39% | 45,921 | Common | SOLE |
| 501044101 | KR | KROGER CO | $12.7M | 1.30% | 174,996 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $12.5M | 1.29% | 134,355 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $12.2M | 1.25% | 49,823 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $11.7M | 1.21% | 233,509 | Common | SOLE |
| 78464A854 | SPYM | SPDR SERIES TRUST | $11.2M | 1.15% | 145,782 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $10.9M | 1.13% | 56,340 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $10.7M | 1.11% | 149,514 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $10.6M | 1.09% | 87,631 | Common | SOLE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $10.3M | 1.06% | 42,397 | Common | SOLE |
| G5960L103 | MDT | MEDTRONIC PLC | $10.0M | 1.03% | 114,878 | Common | SOLE |
| 46137V266 | RPG | INVESCO EXCHANGE TRADED FD T | $9.6M | 0.99% | 205,947 | Common | SOLE |
| 693475105 | PNC | PNC FINL SVCS GROUP INC | $9.2M | 0.94% | 44,063 | Common | SOLE |
| 922042718 | VSS | VANGUARD INTL EQUITY INDEX F | $9.1M | 0.93% | 62,165 | Common | SOLE |
| 464287200 | IVV | ISHARES TR | $9.1M | 0.93% | 13,861 | Common | SOLE |
| 713448108 | PEP | PEPSICO INC | $8.8M | 0.90% | 56,564 | Common | SOLE |
| 742718109 | PG | PROCTER & GAMBLE CO | $8.6M | 0.89% | 59,528 | Common | SOLE |
| 92189H300 | EMLC | VANECK ETF TRUST | $8.4M | 0.86% | 333,138 | Common | SOLE |
| 46434V647 | REET | ISHARES TR | $8.3M | 0.86% | 330,801 | Common | SOLE |
| 14448C104 | CARR | CARRIER GLOBAL CORPORATION | $8.2M | 0.84% | 145,419 | Common | SOLE |
| 55261F104 | MTB | M & T BK CORP | $8.0M | 0.82% | 38,753 | Common | SOLE |
| 46429B689 | EFAV | ISHARES TR | $7.4M | 0.76% | 80,933 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $7.2M | 0.74% | 39,285 | Common | SOLE |
| 921937819 | BIV | VANGUARD BD INDEX FDS | $7.0M | 0.72% | 91,218 | Common | SOLE |
| 922908744 | VTV | VANGUARD INDEX FDS | $6.6M | 0.68% | 33,475 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $6.4M | 0.66% | 40,568 | Common | SOLE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $6.2M | 0.64% | 96,431 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $6.2M | 0.63% | 24,234 | Common | SOLE |
| 922908769 | VTI | VANGUARD INDEX FDS | $6.1M | 0.63% | 19,086 | Common | SOLE |
| 808524607 | SCHA | SCHWAB STRATEGIC TR | $5.9M | 0.60% | 201,800 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $5.7M | 0.59% | 107,298 | Common | SOLE |
| 74743L100 | Q | QNITY ELECTRONICS INC | $5.5M | 0.57% | 47,836 | Common | SOLE |
| 808524797 | SCHD | SCHWAB STRATEGIC TR | $4.8M | 0.50% | 156,949 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $4.6M | 0.47% | 163,117 | Common | SOLE |
| 46138E735 | PDN | INVESCO EXCH TRADED FD TR II | $4.3M | 0.44% | 98,035 | Common | SOLE |
| 26614N102 | DD | DUPONT DE NEMOURS INC | $4.1M | 0.42% | 88,565 | Common | SOLE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX F | $4.0M | 0.41% | 73,605 | Common | SOLE |
| 921937835 | BND | VANGUARD BD INDEX FDS | $3.6M | 0.37% | 49,409 | Common | SOLE |
| 526057104 | LEN | LENNAR CORP | $3.6M | 0.37% | 41,739 | Common | SOLE |
| 74348A467 | NOBL | PROSHARES TR | $3.4M | 0.35% | 31,882 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $3.2M | 0.33% | 7,590 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $3.0M | 0.31% | 14,463 | Common | SOLE |
| 22160K105 | COST | COSTCO WHOLESALE CORPORATION | $2.9M | 0.30% | 2,953 | Common | SOLE |
| 60510V108 | AVO | MISSION PRODUCE INC | $2.9M | 0.30% | 211,750 | Common | SOLE |
| 922042742 | VT | VANGUARD INTL EQUITY INDEX F | $2.8M | 0.29% | 20,129 | Common | SOLE |
| 808524748 | FNDC | SCHWAB STRATEGIC TR | $2.7M | 0.28% | 59,287 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $2.7M | 0.28% | 5,669 | Common | SOLE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $2.6M | 0.27% | 29,058 | Common | SOLE |
| 808524755 | FNDF | SCHWAB STRATEGIC TR | $2.6M | 0.26% | 52,495 | Common | SOLE |
| 808524763 | FNDA | SCHWAB STRATEGIC TR | $2.4M | 0.25% | 75,004 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $2.3M | 0.24% | 7,977 | Common | SOLE |
| 808524771 | FNDX | SCHWAB STRATEGIC TR | $2.1M | 0.22% | 75,944 | Common | SOLE |
| 92203J407 | BNDX | VANGUARD CHARLOTTE FDS | $1.9M | 0.20% | 40,096 | Common | SOLE |
| 808524201 | SCHX | SCHWAB STRATEGIC TR | $1.8M | 0.19% | 72,029 | Common | SOLE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $1.8M | 0.19% | 8,405 | Common | SOLE |
| 92206C409 | VCSH | VANGUARD SCOTTSDALE FDS | $1.8M | 0.18% | 22,183 | Common | SOLE |
| 78462F103 | SPY | STATE STR SPDR S&P 500 ETF T | $1.5M | 0.15% | 2,287 | Common | SOLE |
| 808524730 | FNDE | SCHWAB STRATEGIC TR | $1.5M | 0.15% | 38,181 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.5M | 0.15% | 8,369 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL | $1.4M | 0.15% | 2 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $1.1M | 0.12% | 3,055 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $1.1M | 0.12% | 3,889 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $1.1M | 0.11% | 1,841 | Common | SOLE |
| 922907746 | VTEB | VANGUARD MUN BD FDS | $1.1M | 0.11% | 21,144 | Common | SOLE |
| 92204A702 | VGT | VANGUARD WORLD FD | $983,721 | 0.10% | 1,410 | Common | SOLE |
| 808524839 | SCHZ | SCHWAB STRATEGIC TR | $903,166 | 0.09% | 38,896 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $815,400 | 0.08% | 1,895 | Common | SOLE |
| 03073E105 | COR | CENCORA INC | $769,958 | 0.08% | 2,451 | Common | SOLE |
| 45256X103 | IBRX | IMMUNITYBIO INC | $767,000 | 0.08% | 100,000 | Common | SOLE |
| 855244109 | SBUX | STARBUCKS CORP | $732,238 | 0.08% | 8,173 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $715,339 | 0.07% | 3,028 | Common | SOLE |
| 00326A104 | SGOL | ETFS GOLD TR | $697,679 | 0.07% | 15,636 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO & CO | $670,078 | 0.07% | 8,417 | Common | SOLE |
| 921946406 | VYM | VANGUARD WHITEHALL FDS | $641,125 | 0.07% | 4,329 | Common | SOLE |
| 464288273 | SCZ | ISHARES TR | $631,750 | 0.07% | 8,057 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $631,386 | 0.07% | 9,266 | Common | SOLE |
| 941848103 | WAT | WATERS CORP | $617,340 | 0.06% | 2,073 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $584,614 | 0.06% | 2,688 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $576,296 | 0.06% | 2,008 | Common | SOLE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $561,602 | 0.06% | 12,238 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $556,354 | 0.06% | 1,798 | Common | SOLE |
| 744573106 | PEG | PUBLIC SVC ENTERPRISE GROUP | $547,870 | 0.06% | 6,768 | Common | SOLE |
| 464288281 | EMB | ISHARES TR | $537,092 | 0.06% | 5,718 | Common | SOLE |
| 921910725 | VSGX | VANGUARD WORLD FD | $523,271 | 0.05% | 7,295 | Common | SOLE |
| 464287507 | IJH | ISHARES TR | $520,522 | 0.05% | 7,708 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYS INC | $513,957 | 0.05% | 6,624 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $489,850 | 0.05% | 910 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC. | $468,251 | 0.05% | 4,870 | Common | NONE |
| 291011104 | EMR | EMERSON ELEC CO | $452,019 | 0.05% | 3,450 | Common | SOLE |
| 25434V708 | DFAC | DIMENSIONAL ETF TRUST | $440,090 | 0.05% | 11,325 | Common | SOLE |
| 921910733 | ESGV | VANGUARD WORLD FD | $432,240 | 0.04% | 3,850 | Common | SOLE |
| 72201R833 | MINT | PIMCO ETF TR | $432,049 | 0.04% | 4,296 | Common | SOLE |
| 808524805 | SCHF | SCHWAB STRATEGIC TR | $423,077 | 0.04% | 17,094 | Common | SOLE |
| 78463X889 | SPDW | SPDR INDEX SHS FDS | $418,976 | 0.04% | 9,178 | Common | SOLE |
| 922908652 | VXF | VANGUARD INDEX FDS | $388,757 | 0.04% | 1,889 | Common | SOLE |
| 922908595 | VBK | VANGUARD INDEX FDS | $385,918 | 0.04% | 1,277 | Common | SOLE |
| 922908751 | VB | VANGUARD INDEX FDS | $383,713 | 0.04% | 1,465 | Common | SOLE |
| 922908611 | VBR | VANGUARD INDEX FDS | $383,012 | 0.04% | 1,763 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $380,234 | 0.04% | 1,122 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $378,126 | 0.04% | 633 | Common | SOLE |
| 808524409 | SCHV | SCHWAB STRATEGIC TR | $376,828 | 0.04% | 12,355 | Common | SOLE |
| 46434G863 | ESGE | ISHARES INC | $339,480 | 0.03% | 7,466 | Common | SOLE |
| 464287226 | AGG | ISHARES TR | $331,165 | 0.03% | 3,336 | Common | SOLE |
| 387328107 | GVA | GRANITE CONSTR INC | $330,028 | 0.03% | 2,750 | Common | SOLE |
| 055622104 | BP | BP PLC | $323,743 | 0.03% | 6,888 | Common | SOLE |
| 92826C839 | V | VISA INC | $318,921 | 0.03% | 1,055 | Common | SOLE |
| 92203C303 | VUSB | VANGUARD BD INDEX FDS | $311,953 | 0.03% | 6,266 | Common | SOLE |
| 464288810 | IHI | ISHARES TR | $302,655 | 0.03% | 5,673 | Common | SOLE |
| 780087102 | RY | ROYAL BK CDA | $294,278 | 0.03% | 1,819 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $283,230 | 0.03% | 495 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $271,629 | 0.03% | 772 | Common | SOLE |
| 78464A409 | SPYG | SPDR SERIES TRUST | $269,938 | 0.03% | 2,757 | Common | SOLE |
| 46138E743 | PXF | INVESCO EXCH TRADED FD TR II | $258,281 | 0.03% | 3,695 | Common | SOLE |
| 191216100 | KO | COCA COLA CO | $246,653 | 0.03% | 3,221 | Common | SOLE |
| 464287614 | IWF | ISHARES TR | $246,000 | 0.03% | 577 | Common | SOLE |
| 92206C870 | VCIT | VANGUARD SCOTTSDALE FDS | $241,299 | 0.02% | 2,916 | Common | SOLE |
| 46434G103 | IEMG | ISHARES INC | $241,056 | 0.02% | 3,456 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $230,133 | 0.02% | 1,743 | Common | SOLE |
| 922042676 | VNQI | VANGUARD INTL EQUITY INDEX F | $228,422 | 0.02% | 5,139 | Common | SOLE |
| 37954Y632 | AIQ | GLOBAL X FDS | $227,003 | 0.02% | 4,864 | Common | SOLE |
| 37954Y855 | LIT | GLOBAL X FDS | $220,969 | 0.02% | 2,972 | Common | SOLE |
| 15189T107 | CNP | CENTERPOINT ENERGY INC | $214,157 | 0.02% | 4,962 | Common | SOLE |
| 011659109 | ALK | ALASKA AIR GROUP INC | $209,978 | 0.02% | 5,709 | Common | SOLE |
| 46434G764 | EMXC | ISHARES INC | $201,135 | 0.02% | 2,557 | 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.