CULLINAN ASSOCIATES INC — 13F Holdings & Portfolio
CIK 1161670 · latest 13F-HR filed 2026-05-01
CULLINAN ASSOCIATES INC manages $1.24B in 13F-reported U.S. long-equity assets across 207 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are AAPL (8.23%), KO (8.08%), MSFT (4.68%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 6 new positions, exited 10, added to 50, and trimmed 121.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$1.24B
Long-equity book
207
Distinct positions
2026-03-31
Filed 2026-05-01
+6 / −10 / ↑50 / ↓121
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Exxon Mobil$8.1M +26.6%
- Johnson & Johnson$4.6M +11.4%
- Applied Materials$2.4M +16.0%
- United Parcel Service Inc Cl B$1.4M +17.5%
- Lockheed Martin$1.2M +12.6%
Top Trims
- Wal-Mart Stores Inc-$40.4M -69.5%
- Microsoft Corp-$28.1M -32.6%
- Apple Inc-$19.7M -16.2%
- Electronic Arts-$12.4M -85.7%
- S&P Global Inc.-$11.9M -18.6%
New Positions
- Insulet Corp$524.6K
- Verisk Analytics, Inc.$440.2K
- Motorola Solutions, Inc.$223.5K
- Exelon Corp$220.6K
- Vanguard Russ 2000 Value Index$211.5K
Exited Positions
- C H Robinsin Worldwide$8.1M
- Petroleo Brasileiro$393.4K
- American Tower REIT$386.3K
- Docusign Inc$294.1K
- AppFolio Inc$279.2K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Apple Inc | AAPL | 037833100 | $101.7M | 8.23% | 400,906 | SH |
| 2 | Coca-Cola Company | KO | 191216100 | $99.9M | 8.08% | 1,312,987 | SH |
| 3 | Microsoft Corp | MSFT | 594918104 | $57.9M | 4.68% | 156,407 | SH |
| 4 | S&P Global Inc. | SPGI | 78409V104 | $51.8M | 4.19% | 121,900 | SH |
| 5 | Johnson & Johnson | JNJ | 478160104 | $44.7M | 3.62% | 183,038 | SH |
| 6 | Exxon Mobil | XOM | 30231G102 | $38.3M | 3.10% | 225,933 | SH |
| 7 | SPDR S&P 500 Trust | SPY | 78462F103 | $33.3M | 2.69% | 51,188 | SH |
| 8 | Procter & Gamble Co | PG | 742718109 | $32.6M | 2.64% | 225,713 | SH |
| 9 | Alphabet Class A | GOOGL | 02079K305 | $29.8M | 2.41% | 103,754 | SH |
| 10 | Alphabet Class C | GOOG | 02079K107 | $27.6M | 2.23% | 96,214 | SH |
| 11 | Amazon | AMZN | 023135106 | $24.5M | 1.98% | 117,753 | SH |
| 12 | Intl Business Machines Corp | IBM | 459200101 | $23.4M | 1.89% | 96,645 | SH |
| 13 | Vertex Pharmaceutical | VRTX | 92532F100 | $23.1M | 1.87% | 51,762 | SH |
| 14 | J P Morgan Chase & Co | JPM | 46625H100 | $19.0M | 1.54% | 64,633 | SH |
| 15 | Wal-Mart Stores Inc | WMT | 931142103 | $17.7M | 1.43% | 142,221 | SH |
| 16 | McDonalds Corp | MCD | 580135101 | $17.6M | 1.42% | 56,651 | SH |
| 17 | Applied Materials | AMAT | 038222105 | $17.6M | 1.42% | 51,461 | SH |
| 18 | Chevron Corp | CVX | 166764100 | $16.6M | 1.35% | 80,408 | SH |
| 19 | AbbVie Inc | ABBV | 00287Y109 | $16.0M | 1.29% | 73,455 | SH |
| 20 | AFLAC Inc | AFL | 001055102 | $15.2M | 1.23% | 138,359 | SH |
| 21 | Lowes Companies Inc | LOW | 548661107 | $14.6M | 1.18% | 61,687 | SH |
| 22 | Lam Research Corp | LRCX | 512807108 | $13.8M | 1.11% | 64,500 | SH |
| 23 | Texas Instruments | TXN | 882508104 | $13.0M | 1.05% | 67,117 | SH |
| 24 | Oracle Corp | ORCL | 68389X105 | $12.6M | 1.02% | 85,809 | SH |
| 25 | American Express Co | AXP | 025816109 | $12.3M | 0.99% | 40,540 | SH |
| 26 | Caterpillar | CAT | 149123101 | $11.9M | 0.96% | 16,793 | SH |
| 27 | Deere & Company | DE | 244199105 | $11.7M | 0.95% | 20,804 | SH |
| 28 | Meta Platforms Inc | META | 30303M102 | $11.4M | 0.92% | 19,883 | SH |
| 29 | Lockheed Martin | LMT | 539830109 | $10.9M | 0.88% | 17,974 | SH |
| 30 | KLA Corporation | KLAC | 482480100 | $10.6M | 0.86% | 7,191 | SH |
| 31 | Nvidia Corp | NVDA | 67066G104 | $10.4M | 0.84% | 59,425 | SH |
| 32 | Costco Wholesale Corp | COST | 22160K105 | $10.0M | 0.81% | 10,048 | SH |
| 33 | Southern Co | SO | 842587107 | $10.0M | 0.81% | 103,284 | SH |
| 34 | United Parcel Service Inc Cl B | UPS | 911312106 | $9.1M | 0.74% | 92,789 | SH |
| 35 | Uber Technologies Inc | UBER | 90353T100 | $9.1M | 0.74% | 126,824 | SH |
| 36 | CME Group | CME | 12572Q105 | $9.1M | 0.73% | 30,687 | SH |
| 37 | Qualys Inc | QLYS | 74758T303 | $9.0M | 0.73% | 102,800 | SH |
| 38 | Amgen Inc | AMGN | 031162100 | $9.0M | 0.73% | 25,516 | SH |
| 39 | Home Depot | HD | 437076102 | $9.0M | 0.73% | 27,278 | SH |
| 40 | New York Times Company | NYT | 650111107 | $8.6M | 0.70% | 102,672 | SH |
| 41 | Visa Inc Cl A | V | 92826C839 | $8.3M | 0.67% | 27,545 | SH |
| 42 | TJX Companies | TJX | 872540109 | $8.2M | 0.66% | 51,281 | SH |
| 43 | Walt Disney Company | DIS | 254687106 | $8.0M | 0.65% | 82,982 | SH |
| 44 | Cisco Systems Inc | CSCO | 17275R102 | $7.8M | 0.63% | 101,073 | SH |
| 45 | The Travelers Companies | TRV | 89417E109 | $7.3M | 0.59% | 25,096 | SH |
| 46 | Bank Of America | BAC | 060505104 | $7.2M | 0.58% | 146,725 | SH |
| 47 | Qualcomm Inc | QCOM | 747525103 | $6.9M | 0.56% | 53,472 | SH |
| 48 | Emerson Electric Company | EMR | 291011104 | $6.8M | 0.55% | 51,897 | SH |
| 49 | Airbnb Inc | ABNB | 009066101 | $6.8M | 0.55% | 53,622 | SH |
| 50 | Goldman Sachs | GS | 38141G104 | $6.6M | 0.53% | 7,782 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-01 | $1.24B | 207 | 0001161670-26-000002 |
| 2025-12-31 | 2026-01-30 | $1.48B | 211 | 0001161670-26-000001 |