13F HOLDINGS REPORT
CULLINAN ASSOCIATES INC
Quarter ended Q4 2025 · Filed January 30, 2026 · Accession 0001161670-26-000001
Total Value
$1.48B
Positions
211
Other Managers
0
Confidential Omitted
No
Holdings (211)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Apple Inc | AAPL | 446,756 | $121.5M | 8.23% |
| 2 | Coca-Cola Company | KO | 1,365,746 | $95.5M | 6.47% |
| 3 | Microsoft Corp | MSFT | 177,745 | $86.0M | 5.83% |
| 4 | S&P Global Inc. | SPGI | 121,940 | $63.7M | 4.32% |
| 5 | Wal-Mart Stores Inc | WMT | 521,003 | $58.0M | 3.93% |
| 6 | Johnson & Johnson | JNJ | 194,105 | $40.2M | 2.72% |
| 7 | Alphabet Class A | GOOG | 126,728 | $39.7M | 2.69% |
| 8 | SPDR S&P 500 Trust | SPY | 56,861 | $38.8M | 2.63% |
| 9 | Procter & Gamble Co | 742718109 | 259,050 | $37.1M | 2.52% |
| 10 | Intl Business Machines Corp | INTR | 119,106 | $35.3M | 2.39% |
| 11 | Alphabet Class C | GOOG | 101,414 | $31.8M | 2.16% |
| 12 | Exxon Mobil | XOM | 251,604 | $30.3M | 2.05% |
| 13 | Amazon | AMZN | 130,713 | $30.2M | 2.04% |
| 14 | Vertex Pharmaceutical | VRTX | 51,312 | $23.3M | 1.58% |
| 15 | J P Morgan Chase & Co | VYLD | 69,616 | $22.4M | 1.52% |
| 16 | Oracle Corp | ORCL-PD | 113,241 | $22.1M | 1.50% |
| 17 | McDonalds Corp | MCD | 64,268 | $19.6M | 1.33% |
| 18 | AbbVie Inc | ABBV | 83,375 | $19.1M | 1.29% |
| 19 | Caterpillar | CAT | 30,289 | $17.4M | 1.18% |
| 20 | Lam Research Corp | LRCX | 97,000 | $16.6M | 1.13% |
| 21 | Lowes Companies Inc | 548661107 | 67,028 | $16.2M | 1.10% |
| 22 | Chevron Corp | CVX | 105,717 | $16.1M | 1.09% |
| 23 | American Express Co | AXP | 43,280 | $16.0M | 1.09% |
| 24 | AFLAC Inc | AFL | 142,174 | $15.7M | 1.06% |
| 25 | Nvidia Corp | NVDA | 82,500 | $15.4M | 1.04% |
| 26 | Applied Materials | 038222105 | 58,988 | $15.2M | 1.03% |
| 27 | Electronic Arts | EA | 70,963 | $14.5M | 0.98% |
| 28 | Meta Platforms Inc | META | 21,128 | $13.9M | 0.95% |
| 29 | Qualys Inc | QLYS | 102,800 | $13.7M | 0.93% |
| 30 | Texas Instruments | 882508104 | 76,302 | $13.2M | 0.90% |
| 31 | Costco Wholesale Corp | 22160K105 | 13,717 | $11.8M | 0.80% |
| 32 | Southern Co | SOMN | 129,777 | $11.3M | 0.77% |
| 33 | Goldman Sachs | GSCE | 12,525 | $11.0M | 0.75% |
| 34 | Deere & Company | DE | 22,834 | $10.6M | 0.72% |
| 35 | CME Group | CME | 38,753 | $10.6M | 0.72% |
| 36 | KLA Corporation | KLAC | 8,521 | $10.4M | 0.70% |
| 37 | Home Depot | HD | 30,001 | $10.3M | 0.70% |
| 38 | Amgen Inc | AMGN | 31,143 | $10.2M | 0.69% |
| 39 | Uber Technologies Inc | UBER | 123,524 | $10.1M | 0.68% |
| 40 | New York Times Company | NYT | 145,310 | $10.1M | 0.68% |
| 41 | Walt Disney Company | 254687106 | 85,182 | $9.7M | 0.66% |
| 42 | Lockheed Martin | LMT | 19,948 | $9.6M | 0.65% |
| 43 | Visa Inc Cl A | V | 27,045 | $9.5M | 0.64% |
| 44 | Bank Of America | 060505104 | 156,371 | $8.6M | 0.58% |
| 45 | Eli Lilly & Company | LLY | 7,978 | $8.6M | 0.58% |
| 46 | Emerson Electric Company | EMR | 63,961 | $8.5M | 0.58% |
| 47 | TJX Companies | 872540109 | 54,937 | $8.4M | 0.57% |
| 48 | C H Robinsin Worldwide | CHRW | 50,300 | $8.1M | 0.55% |
| 49 | United Parcel Service Inc Cl B | UPS | 78,301 | $7.8M | 0.53% |
| 50 | Qualcomm Inc | QCOM | 44,294 | $7.6M | 0.51% |
| 51 | The Travelers Companies | TRV | 25,876 | $7.5M | 0.51% |
| 52 | Cisco Systems Inc | CSCO | 95,625 | $7.4M | 0.50% |
| 53 | Airbnb Inc | ABNB | 54,022 | $7.3M | 0.50% |
| 54 | Philip Morris | 718172109 | 44,429 | $7.1M | 0.48% |
| 55 | Berkshire Hathaway Cl B | BRK-A | 13,287 | $6.7M | 0.45% |
| 56 | Ecolab Inc | ECL | 25,200 | $6.6M | 0.45% |
| 57 | Norfolk Southern | 655844108 | 19,400 | $5.6M | 0.38% |
| 58 | PayPal Hldg Inc | PYPL | 93,813 | $5.5M | 0.37% |
| 59 | Prudential Financial | PUKPF | 47,554 | $5.4M | 0.36% |
| 60 | Merck & Company Inc | MRK | 50,534 | $5.3M | 0.36% |
| 61 | Tesla Motors Inc | TSLA | 11,600 | $5.2M | 0.35% |
| 62 | YUM Brands | YUM | 32,395 | $4.9M | 0.33% |
| 63 | Fastenal Company | FAST | 121,782 | $4.9M | 0.33% |
| 64 | Cummins | CMI | 9,304 | $4.7M | 0.32% |
| 65 | Morgan Stanley | MS-PQ | 26,744 | $4.7M | 0.32% |
| 66 | Dynatrace Holdings LLC | DT | 109,000 | $4.7M | 0.32% |
| 67 | PepsiCo | PEP | 32,893 | $4.7M | 0.32% |
| 68 | Wells Fargo & Co | 949746101 | 49,666 | $4.6M | 0.31% |
| 69 | Mastercard | MA | 7,600 | $4.3M | 0.29% |
| 70 | Medtronic Plc | MDT | 43,292 | $4.2M | 0.28% |
| 71 | Union Pacific Corp | UNP | 17,960 | $4.2M | 0.28% |
| 72 | Abbott Laboratories | ABLZF | 32,540 | $4.1M | 0.28% |
| 73 | Vanguard S&P 500 ETF | 922908363 | 6,500 | $4.1M | 0.28% |
| 74 | CVS Health Corp | CVS | 47,387 | $3.8M | 0.25% |
| 75 | Colgate-Palmolive Company | CL | 47,039 | $3.7M | 0.25% |
| 76 | Duke Energy Hldg | DUKB | 29,648 | $3.5M | 0.24% |
| 77 | Illinois Tool Works | 452308109 | 14,006 | $3.4M | 0.23% |
| 78 | HP Inc | HPQ | 152,725 | $3.4M | 0.23% |
| 79 | iShares Russell 1000 Growth ET | 464287614 | 6,915 | $3.3M | 0.22% |
| 80 | RTX Corporation | RTX | 17,650 | $3.2M | 0.22% |
| 81 | Comcast Corp | CCZ | 106,088 | $3.2M | 0.21% |
| 82 | Salesforce.com Inc | CRM | 11,900 | $3.2M | 0.21% |
| 83 | Northrop Grumman Corp | NOC | 5,492 | $3.1M | 0.21% |
| 84 | Broadcom Ltd | AVGO | 8,880 | $3.1M | 0.21% |
| 85 | Adobe | ADBE | 8,650 | $3.0M | 0.21% |
| 86 | Stryker | SYK | 8,545 | $3.0M | 0.20% |
| 87 | Atlassian Corp CL A | TEAM | 18,017 | $2.9M | 0.20% |
| 88 | ProLogis Inc | PLDGP | 22,447 | $2.9M | 0.19% |
| 89 | Truist Financial Corporation | 89832Q109 | 57,435 | $2.8M | 0.19% |
| 90 | ASML Holding NV | ASMLF | 2,600 | $2.8M | 0.19% |
| 91 | Intuitive Surgical Inc | ISRG | 4,900 | $2.8M | 0.19% |
| 92 | Bristol Myers Squibb Company | CELG-RI | 50,994 | $2.8M | 0.19% |
| 93 | Automatic Data | ADP | 10,300 | $2.6M | 0.18% |
| 94 | Okta Inc | OKTA | 28,300 | $2.4M | 0.17% |
| 95 | New Atlas Holdco Inc | AESI | 252,000 | $2.4M | 0.16% |
| 96 | Mondelez Intl | 609207105 | 43,687 | $2.4M | 0.16% |
| 97 | Analog Devices | ADI | 8,446 | $2.3M | 0.16% |
| 98 | Roper Technologies | ROP | 5,000 | $2.2M | 0.15% |
| 99 | UnitedHealth | UNH | 6,529 | $2.2M | 0.15% |
| 100 | Intel Corp | INTC | 56,389 | $2.1M | 0.14% |
| 101 | Crown Castle | CCI | 22,872 | $2.0M | 0.14% |
| 102 | ConocoPhillips | COP | 21,432 | $2.0M | 0.14% |
| 103 | First Solar Inc | FSLR | 7,500 | $2.0M | 0.13% |
| 104 | Welltower Inc | WELL | 10,075 | $1.9M | 0.13% |
| 105 | U S Bancorp | USB-PS | 34,950 | $1.9M | 0.13% |
| 106 | Stanley Black & Decker | SWK | 24,600 | $1.8M | 0.12% |
| 107 | Gitlab Inc Cl A | GTLB | 47,000 | $1.8M | 0.12% |
| 108 | Altria Group | MO | 30,427 | $1.8M | 0.12% |
| 109 | Intuit | INTU | 2,645 | $1.8M | 0.12% |
| 110 | NextEra Energy | NEE-PW | 21,335 | $1.7M | 0.12% |
| 111 | Honeywell | 438516106 | 8,390 | $1.6M | 0.11% |
| 112 | GE Aerospace | 369604301 | 5,288 | $1.6M | 0.11% |
| 113 | Accenture PLC | ACN | 5,439 | $1.5M | 0.10% |
| 114 | Procore Technologies Inc | PCOR | 20,000 | $1.5M | 0.10% |
| 115 | ServiceNow | NOW | 9,000 | $1.4M | 0.09% |
| 116 | Pfizer Inc | PFE | 55,301 | $1.4M | 0.09% |
| 117 | UBS AG | UBS | 29,000 | $1.3M | 0.09% |
| 118 | Boeing | BA-PA | 6,175 | $1.3M | 0.09% |
| 119 | Thermo Fisher Scientific | TMO | 2,300 | $1.3M | 0.09% |
| 120 | Netflix | NFLX | 13,700 | $1.3M | 0.09% |
| 121 | Eaton Corp | ETN | 4,024 | $1.3M | 0.09% |
| 122 | Phillips 66 | PSX | 9,639 | $1.2M | 0.08% |
| 123 | Dominion Energy | D | 20,378 | $1.2M | 0.08% |
| 124 | Charles Schwab Corp | SCHW-PJ | 11,900 | $1.2M | 0.08% |
| 125 | Boston Scientific | BSX | 12,400 | $1.2M | 0.08% |
| 126 | Palo Alto Networks Inc | PANW | 6,000 | $1.1M | 0.07% |
| 127 | Edwards Lifesciences | EW | 12,600 | $1.1M | 0.07% |
| 128 | Invesco QQQ Tr Unit Ser 1 | IVZ | 1,656 | $1.0M | 0.07% |
| 129 | Robinhood Markets Inc | 770700102 | 8,900 | $1.0M | 0.07% |
| 130 | Blackstone Group | BX | 6,410 | $988,037 | 0.07% |
| 131 | Agilent | A | 7,000 | $952,490 | 0.06% |
| 132 | PNC Finl | 693475105 | 4,448 | $928,431 | 0.06% |
| 133 | Lincoln National Corporation | 534187109 | 20,800 | $926,224 | 0.06% |
| 134 | Equifax Inc | EFX | 4,250 | $922,165 | 0.06% |
| 135 | Progressive Corp | 743315103 | 4,000 | $910,880 | 0.06% |
| 136 | Quantum Scape Corp | 71467V109 | 85,900 | $895,078 | 0.06% |
| 137 | Applovin Corp | APP | 1,312 | $884,052 | 0.06% |
| 138 | Fifth Third Bancorp | FITBM | 18,400 | $861,304 | 0.06% |
| 139 | General Dynamics | GD | 2,500 | $841,650 | 0.06% |
| 140 | Trane Tech PLC | TT | 2,100 | $817,320 | 0.06% |
| 141 | Sysco Corp | SYY | 11,000 | $810,590 | 0.05% |
| 142 | Advanced Micro | AMD | 3,719 | $796,461 | 0.05% |
| 143 | GE Vernova Inc | GEV | 1,216 | $794,741 | 0.05% |
| 144 | Take Two | TTWO | 2,900 | $742,487 | 0.05% |
| 145 | AstraZeneca PLC | AZN | 8,026 | $737,830 | 0.05% |
| 146 | Genuine Parts Company | GPC | 5,900 | $725,464 | 0.05% |
| 147 | Leidos Holdings Inc. | LDOS | 4,000 | $721,600 | 0.05% |
| 148 | Baidu Inc | BAIDF | 5,400 | $705,564 | 0.05% |
| 149 | Huntington Ingalls Industries | 446413106 | 2,000 | $680,140 | 0.05% |
| 150 | Novartis AG | NVSEF | 4,700 | $647,989 | 0.04% |
| 151 | CSX Corp | CSX | 17,600 | $638,000 | 0.04% |
| 152 | Nucor Corp | NUE | 3,888 | $634,172 | 0.04% |
| 153 | Ross Stores | ROST | 3,467 | $624,545 | 0.04% |
| 154 | Gilead Sciences | GILD | 4,662 | $572,155 | 0.04% |
| 155 | Coinbase Global Inc. | COIN | 2,425 | $548,389 | 0.04% |
| 156 | 3M Company | MMM | 3,400 | $544,340 | 0.04% |
| 157 | Nike Inc Cl B | NKE | 8,340 | $531,341 | 0.04% |
| 158 | Verizon Communications Inc | VZ | 12,600 | $513,198 | 0.03% |
| 159 | Rockwell | ROK | 1,300 | $505,791 | 0.03% |
| 160 | Williams-Sonoma | WSM | 2,700 | $482,193 | 0.03% |
| 161 | Carrier Global | CARR | 9,000 | $475,560 | 0.03% |
| 162 | Fidelity Nationl | 31620M106 | 6,775 | $450,266 | 0.03% |
| 163 | Novo Nordisk ADR | NONOF | 8,675 | $441,384 | 0.03% |
| 164 | Aptiv PLC | APTV | 5,700 | $433,713 | 0.03% |
| 165 | Constl. Energy Corporation | CEG | 1,200 | $423,924 | 0.03% |
| 166 | CarGurus Inc | CARG | 10,800 | $414,180 | 0.03% |
| 167 | Doordash Inc | DASH | 1,825 | $413,326 | 0.03% |
| 168 | Humana | HUM | 1,600 | $409,808 | 0.03% |
| 169 | Palantir Technologies Inc | PLTR | 2,300 | $408,825 | 0.03% |
| 170 | Marathon Petroleum Corp | MARA | 2,460 | $400,070 | 0.03% |
| 171 | Microchip | MCHPP | 6,200 | $395,064 | 0.03% |
| 172 | McCormick and Co | MKC-V | 5,800 | $395,038 | 0.03% |
| 173 | Petroleo Brasileiro | 71654V408 | 33,200 | $393,420 | 0.03% |
| 174 | Corteva Inc | CTVA | 5,867 | $393,279 | 0.03% |
| 175 | American Tower REIT | 03027X100 | 2,200 | $386,254 | 0.03% |
| 176 | Kimberly-Clark | KMB | 3,800 | $383,382 | 0.03% |
| 177 | Plains GP Holdings | PAGP | 20,000 | $382,800 | 0.03% |
| 178 | Shell PLC | RYDAF | 5,100 | $374,748 | 0.03% |
| 179 | Digital Realty Trust | 253868103 | 2,319 | $358,772 | 0.02% |
| 180 | Science Applications Intl Corp | 808625107 | 3,500 | $352,310 | 0.02% |
| 181 | Keysight Technologies | KEYS | 1,600 | $325,104 | 0.02% |
| 182 | Vanguard Growth Indx ETF | 922908736 | 653 | $318,573 | 0.02% |
| 183 | Zoetis Inc | ZTS | 2,500 | $314,550 | 0.02% |
| 184 | AT&T Inc | T-PC | 12,655 | $314,350 | 0.02% |
| 185 | Vulcan Materials | 929160109 | 1,100 | $313,742 | 0.02% |
| 186 | Vanguard Russ 2000 Growth ETF | 92206C623 | 1,323 | $312,215 | 0.02% |
| 187 | Vanguard Russ 1000 Growth | 92206C680 | 2,541 | $309,367 | 0.02% |
| 188 | Docusign Inc | DOCU | 4,300 | $294,120 | 0.02% |
| 189 | Linde PLC | LIN | 676 | $288,240 | 0.02% |
| 190 | Ingersoll-Rand PLC | IR | 3,601 | $285,271 | 0.02% |
| 191 | Axon Enterprise Inc | AXON | 500 | $283,965 | 0.02% |
| 192 | AppFolio Inc | APPF | 1,200 | $279,180 | 0.02% |
| 193 | Valero Energy | VLO | 1,700 | $276,743 | 0.02% |
| 194 | Chubb Limited | CB | 882 | $275,290 | 0.02% |
| 195 | Danaher Corp | 235851102 | 1,200 | $274,704 | 0.02% |
| 196 | Fulton Financial | 360271100 | 14,000 | $270,620 | 0.02% |
| 197 | T Rowe Price Grp Inc | TROW | 2,600 | $266,188 | 0.02% |
| 198 | BP PLC ADS | BPPFF | 7,600 | $263,948 | 0.02% |
| 199 | Metlife Inc | MET-PF | 3,308 | $261,134 | 0.02% |
| 200 | Kraft Heinz Co | KHC | 10,408 | $252,394 | 0.02% |
| 201 | Baxter Intl | 071813109 | 13,200 | $252,252 | 0.02% |
| 202 | Allstate Corp | ALL-PJ | 1,200 | $249,780 | 0.02% |
| 203 | Capital One Financial | 14040H105 | 1,019 | $246,965 | 0.02% |
| 204 | FedEx | FDX | 750 | $216,645 | 0.01% |
| 205 | Corning | GLW | 2,470 | $216,273 | 0.01% |
| 206 | Becton Dickenson & Co | BDX | 1,113 | $216,000 | 0.01% |
| 207 | Blackrock Inc | BLK | 200 | $214,068 | 0.01% |
| 208 | Levi Strauss & Co | LEVI | 10,000 | $207,400 | 0.01% |
| 209 | Agnico Eagle Mines Limit | AEM | 1,200 | $203,436 | 0.01% |
| 210 | Energy Transfer LP | ET-PI | 12,300 | $202,827 | 0.01% |
| 211 | FMC Corporation | FMC | 14,448 | $200,394 | 0.01% |