CUTLER INVESTMENT COUNSEL LLC — 13F Holdings & Portfolio
CIK 1285973 · latest 13F-HR filed 2026-05-07
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.
Loading holdings…
AUM
$971.1M
Long-equity book
Holdings
146
Distinct positions
Period
2026-03-31
Filed 2026-05-07
Q/Q Activity
+8 / −5 / ↑38 / ↓40
vs 2025-12-31
Firm Profile & Key People
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- EXXON MOBIL CORP$5.8M +40.4%
- CHEVRON CORPORATION$3.3M +31.9%
- DEERE & CO$3.0M +19.3%
- WALMART INC$2.4M +9.8%
- VERIZON COMMUNICATIONS INC$2.1M +21.7%
Top Trims
- MICROSOFT CORP-$8.0M -24.3%
- VANGUARD INDEX FDS-$3.4M -11.5%
- ISHARES TR-$3.2M -9.8%
- INTERNATIONAL BUSINESS MACHS-$2.4M -18.6%
- BLACKROCK INC-$2.3M -12.0%
New Positions
- PHILLIPS 66$7.2M
- IMMUNITYBIO INC$767.0K
- WATERS CORP$617.3K
- VANGUARD SCOTTSDALE FDS$241.3K
- CONOCOPHILLIPS$230.1K
Exited Positions
- AMERICAN ELEC PWR CO INC$277.4K
- ISHARES BITCOIN TRUST ETF$245.4K
- PROSHARES TR$206.6K
- IDAHO STRATEGIC RESOURCES$201.5K
- REVIVA PHARMACEUTCLS HLDGS I$9.3K
All Holdings
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 | VANGUARD INDEX FDS | VO | 922908629 | $46.3M | 4.77% | 161,267 | SH |
| 2 | ISHARES TR | IGSB | 464288646 | $44.8M | 4.62% | 853,088 | SH |
| 3 | ISHARES TR | IEFA | 46432F842 | $44.4M | 4.58% | 490,822 | SH |
| 4 | SPDR INDEX SHS FDS | SPEM | 78463X509 | $37.6M | 3.87% | 801,642 | SH |
| 5 | J P MORGAN EXCHANGE TRADED F | JIRE | 46641Q134 | $35.4M | 3.65% | 467,420 | SH |
| 6 | ISHARES TR | IUSG | 464287671 | $29.2M | 3.01% | 188,165 | SH |
| 7 | SPDR SERIES TRUST | SPAB | 78464A649 | $28.7M | 2.95% | 1,118,858 | SH |
| 8 | WALMART INC | WMT | 931142103 | $27.1M | 2.79% | 217,517 | SH |
| 9 | CATERPILLAR INC | CAT | 149123101 | $26.8M | 2.76% | 37,823 | SH |
| 10 | VANGUARD INDEX FDS | VUG | 922908736 | $25.7M | 2.65% | 58,824 | SH |
| 11 | ISHARES TR | IJR | 464287804 | $25.5M | 2.63% | 205,385 | SH |
| 12 | ISHARES TR | GOVT | 46429B267 | $25.5M | 2.62% | 1,111,849 | SH |
| 13 | MICROSOFT CORP | MSFT | 594918104 | $25.0M | 2.58% | 67,557 | SH |
| 14 | RTX CORPORATION | RTX | 75513E101 | $22.2M | 2.28% | 114,965 | SH |
| 15 | EXXON MOBIL CORP | XOM | 30231G102 | $20.2M | 2.08% | 119,008 | SH |
| 16 | DEERE & CO | DE | 244199105 | $18.3M | 1.88% | 32,350 | SH |
| 17 | SCHWAB CHARLES CORP | SCHW | 808513105 | $17.5M | 1.80% | 186,331 | SH |
| 18 | REPUBLIC SVCS INC | RSG | 760759100 | $17.0M | 1.75% | 77,527 | SH |
| 19 | BLACKROCK INC | BLK | 09290D101 | $16.8M | 1.73% | 17,500 | SH |
| 20 | MCDONALDS CORP | MCD | 580135101 | $15.6M | 1.61% | 50,344 | SH |
| 21 | HOME DEPOT INC | HD | 437076102 | $15.2M | 1.56% | 46,205 | SH |
| 22 | CHEVRON CORPORATION | CVX | 166764100 | $13.6M | 1.40% | 65,806 | SH |
| 23 | JPMORGAN CHASE & CO | JPM | 46625H100 | $13.5M | 1.39% | 45,921 | SH |
| 24 | KROGER CO | KR | 501044101 | $12.7M | 1.30% | 174,996 | SH |
| 25 | NEXTERA ENERGY INC | NEE | 65339F101 | $12.5M | 1.29% | 134,355 | SH |
| 26 | JOHNSON & JOHNSON | JNJ | 478160104 | $12.2M | 1.25% | 49,823 | SH |
| 27 | VERIZON COMMUNICATIONS INC | VZ | 92343V104 | $11.7M | 1.21% | 233,509 | SH |
| 28 | SPDR SERIES TRUST | SPYM | 78464A854 | $11.2M | 1.15% | 145,782 | SH |
| 29 | TEXAS INSTRS INC | TXN | 882508104 | $10.9M | 1.13% | 56,340 | SH |
| 30 | CVS HEALTH CORP | CVS | 126650100 | $10.7M | 1.11% | 149,514 | SH |
| 31 | MERCK & CO INC | MRK | 58933Y105 | $10.6M | 1.09% | 87,631 | SH |
| 32 | INTERNATIONAL BUSINESS MACHS | IBM | 459200101 | $10.3M | 1.06% | 42,397 | SH |
| 33 | MEDTRONIC PLC | MDT | G5960L103 | $10.0M | 1.03% | 114,878 | SH |
| 34 | INVESCO EXCHANGE TRADED FD T | RPG | 46137V266 | $9.6M | 0.99% | 205,947 | SH |
| 35 | PNC FINL SVCS GROUP INC | PNC | 693475105 | $9.2M | 0.94% | 44,063 | SH |
| 36 | VANGUARD INTL EQUITY INDEX F | VSS | 922042718 | $9.1M | 0.93% | 62,165 | SH |
| 37 | ISHARES TR | IVV | 464287200 | $9.1M | 0.93% | 13,861 | SH |
| 38 | PEPSICO INC | PEP | 713448108 | $8.8M | 0.90% | 56,564 | SH |
| 39 | PROCTER & GAMBLE CO | PG | 742718109 | $8.6M | 0.89% | 59,528 | SH |
| 40 | VANECK ETF TRUST | EMLC | 92189H300 | $8.4M | 0.86% | 333,138 | SH |
| 41 | ISHARES TR | REET | 46434V647 | $8.3M | 0.86% | 330,801 | SH |
| 42 | CARRIER GLOBAL CORPORATION | CARR | 14448C104 | $8.2M | 0.84% | 145,419 | SH |
| 43 | M & T BK CORP | MTB | 55261F104 | $8.0M | 0.82% | 38,753 | SH |
| 44 | ISHARES TR | EFAV | 46429B689 | $7.4M | 0.76% | 80,933 | SH |
| 45 | PHILLIPS 66 | PSX | 718546104 | $7.2M | 0.74% | 39,285 | SH |
| 46 | VANGUARD BD INDEX FDS | BIV | 921937819 | $7.0M | 0.72% | 91,218 | SH |
| 47 | VANGUARD INDEX FDS | VTV | 922908744 | $6.6M | 0.68% | 33,475 | SH |
| 48 | BECTON DICKINSON & CO | BDX | 075887109 | $6.4M | 0.66% | 40,568 | SH |
| 49 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $6.2M | 0.64% | 96,431 | SH |
| 50 | APPLE INC | AAPL | 037833100 | $6.2M | 0.63% | 24,234 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-07 | $971.1M | 146 | 0002085853-26-000576 |
| 2025-12-31 | 2026-02-12 | $961.3M | 144 | 0002085853-26-000254 |