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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

CUTLER INVESTMENT COUNSEL LLC

Quarter ended Q1 2025 · Filed May 8, 2025 · Accession 0001667731-25-000608

Total Value
$832.4M
Positions
151
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (151)

#IssuerTicker / CUSIPSharesValue% of Filing
1ISHARES TR464288646767,024$40.2M4.83%
2VANGUARD INDEX FDS922908629149,805$38.7M4.65%
3ISHARES TR46432F842466,395$35.3M4.24%
4SPDR INDEX SHS FDS78463X509774,846$30.5M3.66%
5MICROSOFT CORPMSFT71,252$26.7M3.21%
6SPDR SER TR78464A649983,908$25.1M3.02%
7J P MORGAN EXCHANGE TRADED F46641Q134387,153$24.7M2.96%
8ISHARES TR464287671192,644$24.5M2.94%
9ISHARES TR46429B267998,062$22.9M2.76%
10VANGUARD INDEX FDS92290873657,792$21.4M2.57%
11CATERPILLAR INCCAT61,492$20.3M2.44%
12WALMART INCWMT229,278$20.2M2.42%
13REPUBLIC SVCS INC76075910081,668$19.8M2.38%
14HOME DEPOT INCHD48,347$17.7M2.13%
15BLACKROCK INCBLK18,372$17.4M2.09%
16MCDONALDS CORPMCD53,286$16.6M2.00%
17ISHARES TR464287804157,217$16.4M1.98%
18DEERE & CODE33,959$16.0M1.92%
19RTX CORPORATIONRTX120,632$16.0M1.92%
20SCHWAB CHARLES CORPSCHW-PJ196,479$15.4M1.85%
21EXXON MOBIL CORPXOM123,702$14.7M1.77%
22KROGER COKR184,755$12.5M1.50%
23JPMORGAN CHASE & CO.VYLD48,796$12.0M1.44%
24VERIZON COMMUNICATIONS INCVZ248,412$11.3M1.35%
25INTERNATIONAL BUSINESS MACHSINTR44,628$11.1M1.33%
26MEDTRONIC PLCMDT121,113$11.0M1.32%
27PROCTER AND GAMBLE CO74271810963,427$10.8M1.30%
28TEXAS INSTRS INC88250810459,746$10.7M1.29%
29CHEVRON CORP NEWCVX63,990$10.7M1.29%
30BECTON DICKINSON & COBDX44,051$10.1M1.21%
31NEXTERA ENERGY INCNEE-PW139,221$9.9M1.19%
32INVESCO EXCHANGE TRADED FD TIVZ257,599$9.9M1.18%
33CARRIER GLOBAL CORPORATIONCARR153,820$9.8M1.17%
34CVS HEALTH CORPCVS131,744$8.9M1.07%
35PEPSICO INCPEP58,852$8.8M1.06%
36JOHNSON & JOHNSONJNJ51,879$8.6M1.03%
37MERCK & CO INCMRK93,310$8.5M1.02%
38PNC FINL SVCS GROUP INC69347510546,670$8.2M0.99%
39ISHARES TR46429B689100,534$7.8M0.94%
40VANECK ETF TRUST92189H300323,395$7.7M0.93%
41DUPONT DE NEMOURS INCDD102,847$7.7M0.92%
42M & T BK CORP55261F10440,694$7.3M0.87%
43VANGUARD BD INDEX FDS92193781989,210$6.8M0.82%
44ISHARES TR46428720011,890$6.7M0.80%
45SPDR SER TR78464A85498,608$6.5M0.78%
46NIKE INCNKE97,027$6.2M0.74%
47ISHARES TR46434V647247,732$6.0M0.72%
48S&P GLOBAL INCSPGI11,776$6.0M0.72%
49VANGUARD INTL EQUITY INDEX F92204271850,985$5.9M0.71%
50VANGUARD INDEX FDS92290874433,176$5.7M0.69%
51VANGUARD INDEX FDS92290876919,887$5.5M0.66%
52APPLE INCAAPL23,935$5.3M0.64%
53INVESCO EXCH TRADED FD TR IIIVZ135,981$4.6M0.55%
54SCHWAB STRATEGIC TR808524797160,368$4.5M0.54%
55PFIZER INCPFE174,242$4.4M0.53%
56VANGUARD TAX-MANAGED FDS92194385883,238$4.2M0.51%
57COMCAST CORP NEWCCZ108,057$4.0M0.48%
58SCHWAB STRATEGIC TR808524607163,750$3.8M0.46%
59VANGUARD INTL EQUITY INDEX F92204285869,013$3.1M0.38%
60PROSHARES TR74348A46728,365$2.9M0.35%
61AMAZON COM INCAMZN13,415$2.6M0.31%
62BERKSHIRE HATHAWAY INC DELBRK-A4,600$2.4M0.29%
63COSTCO WHSL CORP NEW22160K1052,583$2.4M0.29%
64MISSION PRODUCE INCAVO212,750$2.2M0.27%
65VANGUARD INDEX FDS92290855323,906$2.2M0.26%
66VANGUARD INTL EQUITY INDEX F92204274216,939$2.0M0.24%
67VANGUARD BD INDEX FDS92193783526,393$1.9M0.23%
68VANGUARD SCOTTSDALE FDS92206C40922,866$1.8M0.22%
69SCHWAB STRATEGIC TR80852474848,367$1.8M0.21%
70SCHWAB STRATEGIC TR80852476359,838$1.6M0.20%
71SCHWAB STRATEGIC TR80852483970,201$1.6M0.20%
72VANGUARD SPECIALIZED FUNDS9219088448,324$1.6M0.19%
73BERKSHIRE HATHAWAY INC DELBRK-A2$1.6M0.19%
74SCHWAB STRATEGIC TR80852475540,144$1.5M0.17%
75SCHWAB STRATEGIC TR80852420153,061$1.2M0.14%
76SPDR S&P 500 ETF TRSPY2,083$1.2M0.14%
77ALPHABET INCGOOG7,348$1.1M0.14%
78PIMCO ETF TR72201R83310,718$1.1M0.13%
79STARBUCKS CORPSBUX10,471$1.0M0.12%
80VANGUARD MUN BD FDS92290774618,874$936,5280.11%
81SCHWAB STRATEGIC TR80852473029,335$903,5280.11%
82VANGUARD WORLD FD92204A7021,584$858,9470.10%
83INVESCO QQQ TRIVZ1,513$710,3970.09%
84LOWES COS INC5486611073,024$705,1720.08%
85ABBVIE INCABBV3,324$696,4450.08%
86VANGUARD BD INDEX FDS92203C30313,766$686,3040.08%
87CENCORA INCCOR2,450$681,3210.08%
88SPDR GOLD TRGLD2,355$678,5700.08%
89VANGUARD CHARLOTTE FDS92203J40713,705$669,0760.08%
90ISHARES TR4642882739,357$594,4510.07%
91WELLS FARGO CO NEW9497461018,169$586,4530.07%
92NVIDIA CORPORATIONNVDA5,312$575,7350.07%
93ALPHABET INCGOOG3,670$567,4990.07%
94PUBLIC SVC ENTERPRISE GRP IN7445731066,768$557,0070.07%
95VANGUARD WHITEHALL FDS9219464064,310$555,8180.07%
96ISHARES TR4642882816,052$548,2510.07%
97TESLA INCTSLA1,932$500,6980.06%
98SELECT SECTOR SPDR TR81369Y8866,319$498,2540.06%
99VANGUARD INTL EQUITY INDEX F92204267611,870$480,2540.06%
100NORFOLK SOUTHN CORP6558441082,008$475,5950.06%
101ISHARES TR4642875078,090$472,0520.06%
102ALASKA AIR GROUP INCALK9,188$452,2090.05%
103ETFS GOLD TR00326A10415,000$447,3000.05%
104NETFLIX INCNFLX455$424,3020.05%
105VANGUARD WORLD FD9219107256,999$412,8020.05%
106DIMENSIONAL ETF TRUST25434V70811,925$393,4060.05%
107EMERSON ELEC COEMR3,550$389,2220.05%
108ISHARES TR46435G6727,693$384,5740.05%
109CISCO SYS INCCSCO6,104$376,6780.05%
110VISA INCV1,070$375,0020.05%
111VANGUARD INDEX FDS9229086522,122$365,5360.04%
112ISHARES SILVER TRSLV11,024$341,6340.04%
113ISHARES TR4642888105,630$338,8700.04%
114SPDR INDEX SHS FDS78463X8899,205$335,1550.04%
115VANGUARD INDEX FDS9229086111,788$333,0870.04%
116VANGUARD INDEX FDS9229085951,266$318,7410.04%
117PHILIP MORRIS INTL INC7181721091,892$302,8720.04%
118CUMMINS INCCMI956$299,7640.04%
119ISHARES TR4642872262,972$293,9910.04%
120VANGUARD INDEX FDS922908363538$276,5230.03%
121AMERICAN ELEC PWR CO INC0255371012,452$267,9310.03%
122VANGUARD WORLD FD9219107332,481$243,0140.03%
123META PLATFORMS INCMETA413$238,0370.03%
124ISHARES INC46434G8636,620$231,3690.03%
125ISHARES BITCOIN TRUST ETFIBIT4,936$231,0550.03%
126BP PLCBPPFF6,706$226,6060.03%
127SCHWAB STRATEGIC TR8085244098,502$225,9840.03%
128COCA COLA COKO3,096$223,3400.03%
129SPDR SER TR78464A4092,757$221,5810.03%
130ROYAL BK CDA7800871021,905$214,7320.03%
131GRANITE CONSTR INCGVA2,750$207,7080.02%
132PROSHARES TR74347X8313,520$202,0490.02%
133COSTCO WHSL CORP NEW22160K105100$94,5780.01%
134ISHARES TR46432F84297$7,3390.00%
135SCHWAB STRATEGIC TR808524797252$7,0460.00%
136VANGUARD INDEX FDS92290862927$6,9830.00%
137J P MORGAN EXCHANGE TRADED F46641Q134104$6,6270.00%
138SPDR INDEX SHS FDS78463X509151$5,9450.00%
139SPDR SER TR78464A85481$5,3270.00%
140ISHARES TR46428767135$4,4480.00%
141ISHARES TR46428780441$4,2880.00%
142VANGUARD INDEX FDS92290873611$4,0800.00%
143VANGUARD INDEX FDS92290874417$2,9370.00%
144VANGUARD BD INDEX FDS92193781928$2,1440.00%
145ISHARES TR46434V64776$1,8440.00%
146ISHARES TR46428864624$1,2570.00%
147SPDR SER TR78464A64947$1,2010.00%
148VANGUARD INTL EQUITY INDEX F92204271810$1,1560.00%
149INVESCO EXCH TRADED FD TR IIIVZ22$7370.00%
150ISHARES TR46429B26732$7360.00%
151VANECK ETF TRUST92189H30014$3350.00%