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Portfolio (Quarterly) Guide ↗

CULLINAN ASSOCIATES INC

· CIK 0001161670
13F Portfolio $1.5B AUM 211 positions Filed Jan 30, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 211 New
Page 3 of 11  ·  211 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 DIS Walt Disney Company Communication Services 85,182.0 $9.7M 0.66% NEW $113.77 -8.4%
42 LMT Lockheed Martin Industrials 19,948.0 $9.6M 0.65% NEW $483.68 +9.8%
43 V Visa Inc Cl A Financial Services 27,045.0 $9.5M 0.64% NEW $350.71 -6.6%
44 BAC Bank Of America Financial Services 156,371.0 $8.6M 0.58% NEW $55.00 -7.1%
45 LLY Eli Lilly & Company Healthcare 7,978.0 $8.6M 0.58% NEW $1074.63 +0.8%
46 EMR Emerson Electric Company Industrials 63,961.0 $8.5M 0.57% NEW $132.72 +5.3%
47 TJX TJX Companies Consumer Cyclical 54,937.0 $8.4M 0.57% NEW $153.61 +2.2%
48 CHRW C H Robinsin Worldwide Industrials 50,300.0 $8.1M 0.55% NEW $160.76 +9.8%
49 UPS United Parcel Service Inc Cl B Industrials 78,301.0 $7.8M 0.53% NEW $99.19 +5.4%
50 QCOM Qualcomm Inc Technology 44,294.0 $7.6M 0.51% NEW $171.05 +36.5%
51 TRV The Travelers Companies Financial Services 25,876.0 $7.5M 0.51% NEW $290.06 +3.4%
52 CSCO Cisco Systems Inc Technology 95,625.0 $7.4M 0.50% NEW $77.03 +55.4%
53 ABNB Airbnb Inc Consumer Cyclical 54,022.0 $7.3M 0.50% NEW $135.72 -2.7%
54 PM Philip Morris Consumer Defensive 44,429.0 $7.1M 0.48% NEW $160.40 +13.5%
55 Berkshire Hathaway Cl B 13,287.0 $6.7M 0.45% NEW $502.65
56 ECL Ecolab Inc Basic Materials 25,200.0 $6.6M 0.45% NEW $262.52 +0.0%
57 NSC Norfolk Southern Industrials 19,400.0 $5.6M 0.38% NEW $288.72 +12.8%
58 PYPL PayPal Hldg Inc Financial Services 93,813.0 $5.5M 0.37% NEW $58.38 -25.0%
59 PRU Prudential Financial Financial Services 47,554.0 $5.4M 0.36% NEW $112.88 -10.1%
60 MRK Merck & Company Inc Healthcare 50,534.0 $5.3M 0.36% NEW $105.26 +14.2%
Page 3 of 11  ·  211 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 27.9%
Financial Services 17.0%
Consumer Defensive 15.6%
Healthcare 9.6%
Communication Services 8.8%
Industrials 7.6%
Consumer Cyclical 7.3%
Energy 3.9%
Utilities 1.3%
Basic Materials 0.6%