13F HOLDINGS REPORT
CULLINAN ASSOCIATES INC
Quarter ended Q1 2025 · Filed April 22, 2025 · Accession 0001161670-25-000003
Total Value
$1.41B
Positions
216
Other Managers
0
Confidential Omitted
No
Holdings (216)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Apple Inc | AAPL | 460,720 | $102.3M | 7.23% |
| 2 | Coca-Cola Company | KO | 1,362,063 | $97.6M | 6.90% |
| 3 | Microsoft Corp | MSFT | 176,015 | $66.1M | 4.67% |
| 4 | S&P Global Inc. | SPGI | 123,140 | $62.6M | 4.42% |
| 5 | Coinbase Global Inc. | COIN | 302,725 | $52.1M | 3.69% |
| 6 | Wal-Mart Stores Inc | WMT | 578,143 | $50.8M | 3.59% |
| 7 | Procter & Gamble Co | 742718109 | 262,664 | $44.8M | 3.16% |
| 8 | SPDR S&P 500 Trust | SPY | 62,046 | $34.7M | 2.45% |
| 9 | Johnson & Johnson | JNJ | 193,703 | $32.1M | 2.27% |
| 10 | Exxon Mobil | XOM | 260,798 | $31.0M | 2.19% |
| 11 | Intl Business Machines Corp | INTR | 124,385 | $30.9M | 2.19% |
| 12 | Vertex Pharmaceutical | VRTX | 53,112 | $25.7M | 1.82% |
| 13 | Amazon | AMZN | 127,393 | $24.2M | 1.71% |
| 14 | Visa Inc Cl A | V | 68,473 | $24.0M | 1.70% |
| 15 | Chevron Corp | CVX | 137,426 | $23.0M | 1.63% |
| 16 | McDonalds Corp | MCD | 68,501 | $21.4M | 1.51% |
| 17 | Lowes Companies Inc | 548661107 | 86,572 | $20.2M | 1.43% |
| 18 | Alphabet Class A | GOOG | 128,717 | $19.9M | 1.41% |
| 19 | J P Morgan Chase & Co | VYLD | 80,383 | $19.7M | 1.39% |
| 20 | AbbVie Inc | ABBV | 91,716 | $19.2M | 1.36% |
| 21 | Oracle Corp | ORCL-PD | 120,776 | $16.9M | 1.19% |
| 22 | Texas Instruments | 882508104 | 90,759 | $16.3M | 1.15% |
| 23 | Electronic Arts | EA | 108,134 | $15.6M | 1.10% |
| 24 | American Express Co | AXP | 53,766 | $14.5M | 1.02% |
| 25 | Airbnb Inc | ABNB | 116,936 | $14.0M | 0.99% |
| 26 | AFLAC Inc | AFL | 125,259 | $13.9M | 0.98% |
| 27 | Meta Platforms Inc | META | 23,490 | $13.5M | 0.96% |
| 28 | Alphabet Class C | GOOG | 86,121 | $13.5M | 0.95% |
| 29 | Nvidia Corp | NVDA | 123,424 | $13.4M | 0.95% |
| 30 | Qualys Inc | QLYS | 102,800 | $12.9M | 0.92% |
| 31 | Costco Wholesale Corp | 22160K105 | 13,483 | $12.8M | 0.90% |
| 32 | Caterpillar | CAT | 35,022 | $11.6M | 0.82% |
| 33 | Home Depot | HD | 31,020 | $11.4M | 0.80% |
| 34 | Amgen Inc | AMGN | 34,523 | $10.8M | 0.76% |
| 35 | Southern Co | SOMN | 115,609 | $10.6M | 0.75% |
| 36 | Lockheed Martin | LMT | 21,528 | $9.6M | 0.68% |
| 37 | Deere & Company | DE | 20,281 | $9.5M | 0.67% |
| 38 | Applied Materials | 038222105 | 64,980 | $9.4M | 0.67% |
| 39 | TJX Companies | 872540109 | 74,961 | $9.1M | 0.65% |
| 40 | United Parcel Service Inc Cl B | UPS | 78,019 | $8.6M | 0.61% |
| 41 | Emerson Electric Company | EMR | 73,831 | $8.1M | 0.57% |
| 42 | Berkshire Hathaway Cl B | BRK-A | 15,037 | $8.0M | 0.57% |
| 43 | Goldman Sachs | GSCE | 14,401 | $7.9M | 0.56% |
| 44 | Uber Technologies Inc | UBER | 107,519 | $7.8M | 0.55% |
| 45 | Eli Lilly & Company | LLY | 9,370 | $7.7M | 0.55% |
| 46 | Walt Disney Company | 254687106 | 76,552 | $7.6M | 0.53% |
| 47 | UnitedHealth | UNH | 14,388 | $7.5M | 0.53% |
| 48 | New York Times Company | NYT | 146,272 | $7.3M | 0.51% |
| 49 | Philip Morris | 718172109 | 44,570 | $7.1M | 0.50% |
| 50 | Lam Research Corp | LRCX | 97,000 | $7.1M | 0.50% |
| 51 | Illinois Tool Works | 452308109 | 27,639 | $6.9M | 0.48% |
| 52 | HP Inc | HPQ | 247,423 | $6.9M | 0.48% |
| 53 | KLA Corporation | KLAC | 10,052 | $6.8M | 0.48% |
| 54 | Cisco Systems Inc | CSCO | 101,738 | $6.3M | 0.44% |
| 55 | Prudential Financial | PUKPF | 56,133 | $6.3M | 0.44% |
| 56 | The Travelers Companies | TRV | 21,502 | $5.7M | 0.40% |
| 57 | Ecolab Inc | ECL | 21,011 | $5.3M | 0.38% |
| 58 | Dynatrace Holdings LLC | DT | 109,000 | $5.1M | 0.36% |
| 59 | Salesforce.com Inc | CRM | 18,846 | $5.1M | 0.36% |
| 60 | CME Group | CME | 18,954 | $5.0M | 0.36% |
| 61 | YUM Brands | YUM | 31,304 | $4.9M | 0.35% |
| 62 | Abbott Laboratories | ABLZF | 37,094 | $4.9M | 0.35% |
| 63 | Colgate-Palmolive Company | CL | 50,439 | $4.7M | 0.33% |
| 64 | Qualcomm Inc | QCOM | 30,430 | $4.7M | 0.33% |
| 65 | Comcast Corp | CCZ | 124,690 | $4.6M | 0.33% |
| 66 | Norfolk Southern | 655844108 | 19,400 | $4.6M | 0.32% |
| 67 | New Atlas Holdco Inc | AESI | 252,000 | $4.5M | 0.32% |
| 68 | Adobe | ADBE | 11,612 | $4.5M | 0.31% |
| 69 | Fastenal Company | FAST | 55,777 | $4.3M | 0.31% |
| 70 | Morgan Stanley | MS-PQ | 37,052 | $4.3M | 0.31% |
| 71 | Bristol Myers Squibb Company | CELG-RI | 69,920 | $4.3M | 0.30% |
| 72 | Truist Financial Corporation | 89832Q109 | 103,235 | $4.2M | 0.30% |
| 73 | Union Pacific Corp | UNP | 17,770 | $4.2M | 0.30% |
| 74 | Medtronic Plc | MDT | 46,326 | $4.2M | 0.29% |
| 75 | PepsiCo | PEP | 27,493 | $4.1M | 0.29% |
| 76 | Merck & Company Inc | MRK | 45,319 | $4.1M | 0.29% |
| 77 | Vanguard S&P 500 ETF | 922908363 | 7,830 | $4.0M | 0.28% |
| 78 | C H Robinsin Worldwide | CHRW | 38,000 | $3.9M | 0.28% |
| 79 | Atlassian Corp CL A | TEAM | 18,017 | $3.8M | 0.27% |
| 80 | American Tower REIT | 03027X100 | 17,321 | $3.8M | 0.27% |
| 81 | ProLogis Inc | PLDGP | 33,202 | $3.7M | 0.26% |
| 82 | Okta Inc | OKTA | 34,450 | $3.6M | 0.26% |
| 83 | Automatic Data | ADP | 10,800 | $3.3M | 0.23% |
| 84 | Cummins | CMI | 10,066 | $3.2M | 0.22% |
| 85 | Mondelez Intl | 609207105 | 46,387 | $3.1M | 0.22% |
| 86 | Wells Fargo & Co | 949746101 | 42,946 | $3.1M | 0.22% |
| 87 | Duke Energy Hldg | DUKB | 24,912 | $3.0M | 0.21% |
| 88 | CVS Health Corp | CVS | 44,459 | $3.0M | 0.21% |
| 89 | Roper Technologies | ROP | 5,000 | $2.9M | 0.21% |
| 90 | Crown Castle | CCI | 28,159 | $2.9M | 0.21% |
| 91 | Tesla Motors Inc | TSLA | 11,200 | $2.9M | 0.21% |
| 92 | Northrop Grumman Corp | NOC | 5,592 | $2.9M | 0.20% |
| 93 | Stryker | SYK | 7,625 | $2.8M | 0.20% |
| 94 | Bank Of America | 060505104 | 67,325 | $2.8M | 0.20% |
| 95 | iShares Russell 1000 Growth ET | 464287614 | 7,200 | $2.6M | 0.18% |
| 96 | Boston Scientific | BSX | 25,700 | $2.6M | 0.18% |
| 97 | Accenture PLC | ACN | 8,234 | $2.6M | 0.18% |
| 98 | Mastercard | MA | 4,575 | $2.5M | 0.18% |
| 99 | Intuitive Surgical Inc | ISRG | 4,900 | $2.4M | 0.17% |
| 100 | RTX Corporation | RTX | 18,133 | $2.4M | 0.17% |
| 101 | ConocoPhillips | COP | 22,332 | $2.3M | 0.17% |
| 102 | Gitlab Inc Cl A | GTLB | 47,000 | $2.2M | 0.16% |
| 103 | Honeywell | 438516106 | 9,290 | $2.0M | 0.14% |
| 104 | Stanley Black & Decker | SWK | 25,000 | $1.9M | 0.14% |
| 105 | Altria Group | MO | 31,427 | $1.9M | 0.13% |
| 106 | Analog Devices | ADI | 9,307 | $1.9M | 0.13% |
| 107 | Intuit | INTU | 2,770 | $1.7M | 0.12% |
| 108 | Hims and Hers Health | HIMS | 56,200 | $1.7M | 0.12% |
| 109 | Intel Corp | INTC | 72,889 | $1.7M | 0.12% |
| 110 | Pfizer Inc | PFE | 64,654 | $1.6M | 0.12% |
| 111 | U S Bancorp | USB-PS | 38,218 | $1.6M | 0.11% |
| 112 | ServiceNow | NOW | 2,000 | $1.6M | 0.11% |
| 113 | Brown & Brown Inc | BRO | 12,500 | $1.6M | 0.11% |
| 114 | NextEra Energy | NEE-PW | 21,383 | $1.5M | 0.11% |
| 115 | PayPal Hldg Inc | PYPL | 22,715 | $1.5M | 0.10% |
| 116 | Broadcom Ltd | AVGO | 8,700 | $1.5M | 0.10% |
| 117 | GE Aerospace | 369604301 | 6,679 | $1.3M | 0.09% |
| 118 | Procore Technologies Inc | PCOR | 20,000 | $1.3M | 0.09% |
| 119 | Welltower Inc | WELL | 8,465 | $1.3M | 0.09% |
| 120 | Netflix | NFLX | 1,300 | $1.2M | 0.09% |
| 121 | Phillips 66 | PSX | 9,639 | $1.2M | 0.08% |
| 122 | Dominion Energy | D | 21,078 | $1.2M | 0.08% |
| 123 | Thermo Fisher Scientific | TMO | 2,300 | $1.1M | 0.08% |
| 124 | Eaton Corp | ETN | 4,175 | $1.1M | 0.08% |
| 125 | Progressive Corp | 743315103 | 4,000 | $1.1M | 0.08% |
| 126 | Boeing | BA-PA | 6,175 | $1.1M | 0.07% |
| 127 | Equifax Inc | EFX | 4,250 | $1.0M | 0.07% |
| 128 | AstraZeneca PLC | AZN | 13,026 | $957,411 | 0.07% |
| 129 | First Solar Inc | FSLR | 7,500 | $948,225 | 0.07% |
| 130 | Charles Schwab Corp | SCHW-PJ | 11,900 | $931,532 | 0.07% |
| 131 | Edwards Lifesciences | EW | 12,600 | $913,248 | 0.06% |
| 132 | UBS AG | UBS | 29,000 | $888,270 | 0.06% |
| 133 | PNC Finl | 693475105 | 4,862 | $854,594 | 0.06% |
| 134 | Verizon Communications Inc | VZ | 18,834 | $854,310 | 0.06% |
| 135 | Gilead Sciences | GILD | 7,567 | $847,901 | 0.06% |
| 136 | Sysco Corp | SYY | 11,000 | $825,440 | 0.06% |
| 137 | Agilent | A | 7,000 | $818,860 | 0.06% |
| 138 | AT&T Inc | T-PC | 28,855 | $816,019 | 0.06% |
| 139 | Blackstone Group | BX | 5,800 | $810,724 | 0.06% |
| 140 | Nucor Corp | NUE | 6,369 | $766,445 | 0.05% |
| 141 | Lincoln National Corporation | 534187109 | 20,800 | $746,928 | 0.05% |
| 142 | Kimberly-Clark | KMB | 5,100 | $725,322 | 0.05% |
| 143 | Fifth Third Bancorp | FITBM | 18,400 | $721,280 | 0.05% |
| 144 | Trane Tech PLC | TT | 2,100 | $707,532 | 0.05% |
| 145 | General Dynamics | GD | 2,579 | $702,984 | 0.05% |
| 146 | Genuine Parts Company | GPC | 5,900 | $702,926 | 0.05% |
| 147 | Doordash Inc | DASH | 3,825 | $699,095 | 0.05% |
| 148 | Blackrock Inc | BLK | 716 | $677,680 | 0.05% |
| 149 | Nike Inc Cl B | NKE | 10,520 | $667,810 | 0.05% |
| 150 | Sherwin-Williams | SHW | 1,900 | $663,461 | 0.05% |
| 151 | Baxter Intl | 071813109 | 18,700 | $640,101 | 0.05% |
| 152 | FMC Corporation | FMC | 14,448 | $609,561 | 0.04% |
| 153 | Novo Nordisk ADR | NONOF | 8,675 | $602,392 | 0.04% |
| 154 | Take Two | TTWO | 2,900 | $601,025 | 0.04% |
| 155 | Dow Inc | DOW | 17,022 | $594,394 | 0.04% |
| 156 | Carrier Global | CARR | 9,000 | $570,600 | 0.04% |
| 157 | CarGurus Inc | CARG | 19,400 | $565,122 | 0.04% |
| 158 | Leidos Holdings Inc. | LDOS | 4,000 | $539,760 | 0.04% |
| 159 | Novartis AG | NVSEF | 4,700 | $523,956 | 0.04% |
| 160 | CSX Corp | CSX | 17,600 | $517,968 | 0.04% |
| 161 | Vertiv Holdings Co | VRT | 7,022 | $506,988 | 0.04% |
| 162 | Metlife Inc | MET-PF | 6,244 | $501,331 | 0.04% |
| 163 | 3M Company | MMM | 3,400 | $499,324 | 0.04% |
| 164 | Baidu Inc | BAIDF | 5,400 | $496,962 | 0.04% |
| 165 | Advanced Micro | AMD | 4,819 | $495,104 | 0.04% |
| 166 | McCormick and Co | MKC-V | 6,000 | $493,860 | 0.03% |
| 167 | Invesco QQQ Tr Unit Ser 1 | IVZ | 1,043 | $489,084 | 0.03% |
| 168 | Petroleo Brasileiro | 71654V408 | 33,200 | $476,088 | 0.03% |
| 169 | Ross Stores | ROST | 3,467 | $443,048 | 0.03% |
| 170 | GE Vernova Inc | GEV | 1,448 | $442,045 | 0.03% |
| 171 | Plains GP Holdings | PAGP | 20,000 | $427,200 | 0.03% |
| 172 | Williams-Sonoma | WSM | 2,700 | $426,870 | 0.03% |
| 173 | Quantum Scape Corp | 71467V109 | 101,000 | $420,160 | 0.03% |
| 174 | Zoetis Inc | ZTS | 2,500 | $411,625 | 0.03% |
| 175 | Microchip | MCHPP | 8,500 | $411,485 | 0.03% |
| 176 | Huntington Ingalls Industries | 446413106 | 2,000 | $408,080 | 0.03% |
| 177 | Humana | HUM | 1,525 | $403,515 | 0.03% |
| 178 | SPDR Gold Trust ETF | GLD | 1,400 | $403,396 | 0.03% |
| 179 | Science Applications Intl Corp | 808625107 | 3,500 | $392,945 | 0.03% |
| 180 | Corteva Inc | CTVA | 6,229 | $391,968 | 0.03% |
| 181 | Kraft Heinz Co | KHC | 12,742 | $387,739 | 0.03% |
| 182 | Robinhood Markets Inc | 770700102 | 9,300 | $387,066 | 0.03% |
| 183 | Royal Bank of Canada | 780087102 | 3,400 | $383,248 | 0.03% |
| 184 | Shell PLC | RYDAF | 5,100 | $373,728 | 0.03% |
| 185 | Linde PLC | LIN | 801 | $372,978 | 0.03% |
| 186 | Marathon Petroleum Corp | MARA | 2,460 | $358,397 | 0.03% |
| 187 | Aptiv PLC | APTV | 5,700 | $339,150 | 0.02% |
| 188 | Palantir Technologies Inc | PLTR | 4,000 | $337,600 | 0.02% |
| 189 | Rockwell | ROK | 1,300 | $335,894 | 0.02% |
| 190 | Digital Realty Trust | 253868103 | 2,319 | $332,290 | 0.02% |
| 191 | Valero Energy | VLO | 2,200 | $290,554 | 0.02% |
| 192 | Fulton Financial | 360271100 | 16,000 | $289,440 | 0.02% |
| 193 | Ingersoll-Rand PLC | IR | 3,601 | $288,188 | 0.02% |
| 194 | Palo Alto Networks Inc | PANW | 1,600 | $273,024 | 0.02% |
| 195 | Canadian National Railway | 136375102 | 2,800 | $272,888 | 0.02% |
| 196 | Danaher Corp | 235851102 | 1,300 | $266,500 | 0.02% |
| 197 | Chubb Limited | CB | 882 | $266,355 | 0.02% |
| 198 | AppFolio Inc | APPF | 1,200 | $263,880 | 0.02% |
| 199 | Axon Enterprise Inc | AXON | 500 | $262,975 | 0.02% |
| 200 | Sealed Air | SE | 8,900 | $257,210 | 0.02% |
| 201 | BP PLC ADS | BPPFF | 7,600 | $256,804 | 0.02% |
| 202 | Vulcan Materials | 929160109 | 1,100 | $256,630 | 0.02% |
| 203 | Becton Dickenson & Co | BDX | 1,100 | $251,966 | 0.02% |
| 204 | Allstate Corp | ALL-PJ | 1,200 | $248,484 | 0.02% |
| 205 | Constl. Energy Corporation | CEG | 1,200 | $241,956 | 0.02% |
| 206 | Keysight Technologies | KEYS | 1,600 | $239,632 | 0.02% |
| 207 | T Rowe Price Grp Inc | TROW | 2,600 | $238,862 | 0.02% |
| 208 | Paychex Inc | PAYX | 1,536 | $237,042 | 0.02% |
| 209 | Energy Transfer LP | ET-PI | 12,300 | $228,657 | 0.02% |
| 210 | Diageo PLC ADR | DGEAF | 2,100 | $220,059 | 0.02% |
| 211 | Intl Paper | 460146103 | 4,106 | $219,055 | 0.02% |
| 212 | T Mobile US | TMUSZ | 800 | $213,368 | 0.02% |
| 213 | Exelon Corp | EXC | 4,500 | $207,360 | 0.01% |
| 214 | Otis Worldwide | OTIS | 2,000 | $206,400 | 0.01% |
| 215 | Levi Strauss & Co | LEVI | 10,000 | $155,900 | 0.01% |
| 216 | Snap Inc | SNAP | 11,500 | $100,165 | 0.01% |