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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 3 of 11  ·  207 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 V Visa Inc Cl A Financial Services 27,545.0 $8.3M 0.67% +500.0 +1.9% $302.24 +8.4%
42 TJX TJX Companies Consumer Cyclical 51,281.0 $8.2M 0.66% -4K -6.7% $159.70 -1.7%
43 DIS Walt Disney Company Communication Services 82,982.0 $8.0M 0.65% -2K -2.6% $96.38 +8.1%
44 CSCO Cisco Systems Inc Technology 101,073.0 $7.8M 0.63% +5K +5.7% $77.59 +54.2%
45 TRV The Travelers Companies Financial Services 25,096.0 $7.3M 0.59% -780.0 -3.0% $291.68 +2.8%
46 BAC Bank Of America Financial Services 146,725.0 $7.2M 0.58% -10K -6.2% $48.75 +4.8%
47 QCOM Qualcomm Inc Technology 53,472.0 $6.9M 0.56% +9K +20.7% $128.78 +81.2%
48 EMR Emerson Electric Company Industrials 51,897.0 $6.8M 0.55% -12K -18.9% $131.02 +6.6%
49 ABNB Airbnb Inc Consumer Cyclical 53,622.0 $6.8M 0.55% -400.0 -0.7% $126.28 +4.6%
50 GS Goldman Sachs Financial Services 7,782.0 $6.6M 0.53% -5K -37.9% $846.00 +17.8%
51 Berkshire Hathaway Cl B 13,437.0 $6.4M 0.52% +150.0 +1.1% $479.20
52 LLY Eli Lilly & Company Healthcare 6,978.0 $6.4M 0.52% -1K -12.5% $919.72 +17.8%
53 ECL Ecolab Inc Basic Materials 22,326.0 $5.9M 0.48% -3K -11.4% $266.02 -1.3%
54 WFC Wells Fargo & Co Financial Services 73,346.0 $5.8M 0.47% +24K +47.7% $79.61 -4.4%
55 MRK Merck & Company Inc Healthcare 48,045.0 $5.8M 0.47% -2K -4.9% $120.29 -0.0%
56 FAST Fastenal Company Industrials 123,196.0 $5.7M 0.46% +1K +1.2% $46.40 -3.4%
57 NSC Norfolk Southern Industrials 19,400.0 $5.6M 0.45% $287.00 +13.5%
58 PYPL PayPal Hldg Inc Financial Services 110,820.0 $5.0M 0.41% +17K +18.1% $45.23 -3.3%
59 PEP PepsiCo Consumer Defensive 32,043.0 $5.0M 0.40% -850.0 -2.6% $155.29 -4.9%
60 PM Philip Morris Consumer Defensive 29,355.0 $4.9M 0.39% -15K -33.9% $165.34 +10.1%
Page 3 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%