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Portfolio (Quarterly) Guide ↗

CULLINAN ASSOCIATES INC

· CIK 0001161670
13F Portfolio $1.2B AUM 207 positions Filed May 1, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 6 New 31 Added 88 Reduced 10 Exited
Page 11 of 11  ·  207 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 BAX Baxter Intl Healthcare 13,200.0 $222K 0.02% $16.80 +15.1%
202 EXC Exelon Corp Utilities 4,500.0 $221K 0.02% NEW $49.02 -5.8%
203 Linde PLC 434.0 $215K 0.02% -242.0 -35.8% $495.76
204 AXON Axon Enterprise Inc Industrials 500.0 $212K 0.02% $424.69 -7.9%
205 VTWV Vanguard Russ 2000 Value Index 1,265.0 $212K 0.02% NEW $167.22 +13.2%
206 DOW Dow Inc Basic Materials 4,908.0 $204K 0.02% NEW $41.65 -17.2%
207 COF Capital One Financial Financial Services 1,119.0 $204K 0.02% +100.0 +9.8% $182.43 +3.5%
Page 11 of 11  ·  207 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 25.9%
Financial Services 17.1%
Consumer Defensive 14.8%
Healthcare 11.0%
Communication Services 7.9%
Industrials 7.9%
Consumer Cyclical 7.3%
Energy 5.6%
Utilities 1.6%
Basic Materials 0.7%