CULLINAN ASSOCIATES INC

Q3 2025 13F-HR Holdings

Location
Louisville, KY
Holdings as of
9/30/2025
Date filed
10/27/2025
Form type
13F-HR
Num holdings
213
Total value ($000)
$1,535,829
Net value change ($000)
+19,653 (1.3%)
New positions
7
Sold out positions
4
Turnover %
0.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/22/2025 Next filing: 1/30/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AAPL 21,846 23.5%
MSFT 7,237 8.6%
GOOGL 6,741 28.8%
GOOGL 6,433 41.2%
JNJ 5,864 20.3%
PYPL 4,802 250.2%
ORCL 4,753 18.1%
CME 4,231 79.1%
LRCX 3,546 37.6%
ABBV 3,270 20.0%
Top Reduces (Value $000, Stocks/ETFs)
COIN -19,055 -18.0%
V -13,960 -59.0%
SPGI -7,540 -11.6%
KO -6,528 -6.7%
TXN -3,029 -16.6%
VRTX -3,021 -13.0%
AMZN -2,985 -10.7%
HIMS -2,802 -100.0%
SPY -2,001 -5.2%
TFC -1,782 -40.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type