CULLINAN ASSOCIATES INC

Q4 2025 13F-HR Holdings

Location
Louisville, KY
Holdings as of
12/31/2025
Date filed
1/30/2026
Form type
13F-HR
Num holdings
211
Total value ($000)
$1,475,390
Net value change ($000)
-60,439 (-3.9%)
New positions
5
Sold out positions
7
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/27/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
GOOGL 9,777 44.3%
GOOGL 9,541 31.7%
AAPL 6,545 5.7%
SPGI 6,176 10.7%
BAC 5,570 183.8%
JNJ 5,486 15.8%
AMZN 5,273 21.2%
KO 4,551 5.0%
CHRW 4,035 99.6%
LRCX 3,616 27.8%
Top Reduces (Value $000, Stocks/ETFs)
COIN -86,499 -99.4%
ORCL -8,918 -28.8%
MSFT -5,750 -6.3%
NVDA -5,640 -26.8%
LOW -4,704 -22.5%
JPM -3,191 -12.5%
PG -3,155 -7.8%
AMT -2,751 -87.7%
ABNB -2,532 -25.7%
ITW -2,313 -40.1%
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.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type