13F HOLDINGS REPORT
CUTLER INVESTMENT COUNSEL LLC
Quarter ended Q2 2025 · Filed July 28, 2025 · Accession 0001667731-25-000987
Total Value
$898.7M
Positions
138
Other Managers
0
Confidential Omitted
No
Holdings (138)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | 922908629 | 152,497 | $42.8M | 4.77% |
| 2 | ISHARES TR | 464288646 | 779,759 | $41.1M | 4.58% |
| 3 | ISHARES TR | 46432F842 | 476,131 | $39.7M | 4.42% |
| 4 | MICROSOFT CORP | MSFT | 71,473 | $35.6M | 3.96% |
| 5 | SPDR INDEX SHS FDS | 78463X509 | 783,482 | $33.5M | 3.73% |
| 6 | J P MORGAN EXCHANGE TRADED F | 46641Q134 | 419,687 | $29.7M | 3.30% |
| 7 | ISHARES TR | 464287671 | 193,251 | $29.1M | 3.23% |
| 8 | SPDR SERIES TRUST | 78464A649 | 1,021,528 | $26.2M | 2.91% |
| 9 | VANGUARD INDEX FDS | 922908736 | 58,433 | $25.6M | 2.85% |
| 10 | CATERPILLAR INC | CAT | 61,422 | $23.8M | 2.65% |
| 11 | ISHARES TR | 46429B267 | 1,020,595 | $23.5M | 2.61% |
| 12 | WALMART INC | WMT | 228,693 | $22.4M | 2.49% |
| 13 | REPUBLIC SVCS INC | 760759100 | 81,198 | $20.0M | 2.23% |
| 14 | BLACKROCK INC | BLK | 18,345 | $19.2M | 2.14% |
| 15 | ISHARES TR | 464287804 | 175,650 | $19.2M | 2.14% |
| 16 | SCHWAB CHARLES CORP | SCHW-PJ | 195,822 | $17.9M | 1.99% |
| 17 | HOME DEPOT INC | HD | 48,396 | $17.7M | 1.97% |
| 18 | RTX CORPORATION | RTX | 119,716 | $17.5M | 1.95% |
| 19 | DEERE & CO | DE | 33,851 | $17.3M | 1.92% |
| 20 | MCDONALDS CORP | MCD | 52,965 | $15.5M | 1.72% |
| 21 | JPMORGAN CHASE & CO. | VYLD | 48,062 | $13.9M | 1.55% |
| 22 | EXXON MOBIL CORP | XOM | 123,602 | $13.3M | 1.48% |
| 23 | KROGER CO | KR | 182,644 | $13.1M | 1.46% |
| 24 | INTERNATIONAL BUSINESS MACHS | INTR | 44,000 | $13.0M | 1.44% |
| 25 | TEXAS INSTRS INC | 882508104 | 59,547 | $12.4M | 1.38% |
| 26 | CARRIER GLOBAL CORPORATION | CARR | 153,169 | $11.2M | 1.25% |
| 27 | INVESCO EXCHANGE TRADED FD T | IVZ | 244,231 | $11.2M | 1.24% |
| 28 | VERIZON COMMUNICATIONS INC | VZ | 245,385 | $10.6M | 1.18% |
| 29 | MEDTRONIC PLC | MDT | 120,767 | $10.6M | 1.18% |
| 30 | PROCTER AND GAMBLE CO | 742718109 | 62,350 | $9.9M | 1.11% |
| 31 | NEXTERA ENERGY INC | NEE-PW | 138,922 | $9.6M | 1.07% |
| 32 | CHEVRON CORP NEW | CVX | 63,757 | $9.1M | 1.02% |
| 33 | CVS HEALTH CORP | CVS | 131,487 | $9.1M | 1.01% |
| 34 | PNC FINL SVCS GROUP INC | 693475105 | 46,353 | $8.6M | 0.96% |
| 35 | ISHARES TR | 464287200 | 13,597 | $8.4M | 0.94% |
| 36 | VANECK ETF TRUST | 92189H300 | 319,389 | $8.1M | 0.90% |
| 37 | SPDR SERIES TRUST | 78464A854 | 109,680 | $8.0M | 0.89% |
| 38 | JOHNSON & JOHNSON | JNJ | 51,937 | $7.9M | 0.88% |
| 39 | M & T BK CORP | 55261F104 | 40,521 | $7.9M | 0.87% |
| 40 | PEPSICO INC | PEP | 59,423 | $7.8M | 0.87% |
| 41 | BECTON DICKINSON & CO | BDX | 43,826 | $7.5M | 0.84% |
| 42 | ISHARES TR | 46429B689 | 89,504 | $7.5M | 0.84% |
| 43 | VANGUARD INTL EQUITY INDEX F | 922042718 | 55,495 | $7.5M | 0.83% |
| 44 | MERCK & CO INC | MRK | 93,005 | $7.4M | 0.83% |
| 45 | DUPONT DE NEMOURS INC | DD | 102,438 | $7.0M | 0.78% |
| 46 | VANGUARD BD INDEX FDS | 921937819 | 89,780 | $6.9M | 0.77% |
| 47 | NIKE INC | NKE | 96,926 | $6.9M | 0.77% |
| 48 | ISHARES TR | 46434V647 | 272,096 | $6.7M | 0.75% |
| 49 | S&P GLOBAL INC | SPGI | 11,775 | $6.2M | 0.69% |
| 50 | VANGUARD INDEX FDS | 922908769 | 20,323 | $6.2M | 0.69% |
| 51 | VANGUARD INDEX FDS | 922908744 | 32,579 | $5.8M | 0.64% |
| 52 | VANGUARD TAX-MANAGED FDS | 921943858 | 91,543 | $5.2M | 0.58% |
| 53 | APPLE INC | AAPL | 24,788 | $5.1M | 0.57% |
| 54 | SCHWAB STRATEGIC TR | 808524607 | 182,741 | $4.6M | 0.51% |
| 55 | INVESCO EXCH TRADED FD TR II | IVZ | 115,253 | $4.5M | 0.50% |
| 56 | SCHWAB STRATEGIC TR | 808524797 | 159,895 | $4.2M | 0.47% |
| 57 | PFIZER INC | PFE | 172,749 | $4.2M | 0.47% |
| 58 | COMCAST CORP NEW | CCZ | 107,683 | $3.8M | 0.43% |
| 59 | VANGUARD INTL EQUITY INDEX F | 922042858 | 73,253 | $3.6M | 0.40% |
| 60 | PROSHARES TR | 74348A467 | 32,491 | $3.3M | 0.37% |
| 61 | AMAZON COM INC | AMZN | 13,431 | $2.9M | 0.33% |
| 62 | COSTCO WHSL CORP NEW | 22160K105 | 2,893 | $2.9M | 0.32% |
| 63 | MISSION PRODUCE INC | AVO | 212,750 | $2.5M | 0.28% |
| 64 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 5,050 | $2.5M | 0.27% |
| 65 | VANGUARD INTL EQUITY INDEX F | 922042742 | 17,243 | $2.2M | 0.25% |
| 66 | SCHWAB STRATEGIC TR | 808524748 | 52,591 | $2.2M | 0.25% |
| 67 | VANGUARD INDEX FDS | 922908553 | 23,054 | $2.1M | 0.23% |
| 68 | VANGUARD BD INDEX FDS | 921937835 | 27,281 | $2.0M | 0.22% |
| 69 | VANGUARD SCOTTSDALE FDS | 92206C409 | 23,237 | $1.8M | 0.21% |
| 70 | SCHWAB STRATEGIC TR | 808524763 | 62,489 | $1.8M | 0.20% |
| 71 | SCHWAB STRATEGIC TR | 808524755 | 44,330 | $1.8M | 0.20% |
| 72 | SCHWAB STRATEGIC TR | 808524201 | 72,009 | $1.8M | 0.20% |
| 73 | VANGUARD SPECIALIZED FUNDS | 921908844 | 8,341 | $1.7M | 0.19% |
| 74 | SCHWAB STRATEGIC TR | 808524839 | 70,204 | $1.6M | 0.18% |
| 75 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 2 | $1.5M | 0.16% |
| 76 | SPDR S&P 500 ETF TR | SPY | 2,124 | $1.3M | 0.15% |
| 77 | ALPHABET INC | GOOG | 7,225 | $1.3M | 0.14% |
| 78 | PIMCO ETF TR | 72201R833 | 10,633 | $1.1M | 0.12% |
| 79 | NVIDIA CORPORATION | NVDA | 6,169 | $974,672 | 0.11% |
| 80 | VANGUARD WORLD FD | 92204A702 | 1,463 | $970,532 | 0.11% |
| 81 | SCHWAB STRATEGIC TR | 808524730 | 29,227 | $964,792 | 0.11% |
| 82 | STARBUCKS CORP | SBUX | 10,471 | $959,471 | 0.11% |
| 83 | VANGUARD MUN BD FDS | 922907746 | 17,944 | $879,795 | 0.10% |
| 84 | INVESCO QQQ TR | IVZ | 1,500 | $827,968 | 0.09% |
| 85 | VANGUARD CHARLOTTE FDS | 92203J407 | 16,715 | $827,538 | 0.09% |
| 86 | SPDR GOLD TR | GLD | 2,435 | $742,262 | 0.08% |
| 87 | VANGUARD BD INDEX FDS | 92203C303 | 14,770 | $736,507 | 0.08% |
| 88 | CENCORA INC | COR | 2,450 | $734,633 | 0.08% |
| 89 | TESLA INC | TSLA | 2,220 | $705,206 | 0.08% |
| 90 | ISHARES TR | 464288273 | 9,357 | $680,067 | 0.08% |
| 91 | LOWES COS INC | 548661107 | 3,024 | $670,825 | 0.07% |
| 92 | WELLS FARGO CO NEW | 949746101 | 8,169 | $654,501 | 0.07% |
| 93 | ALPHABET INC | GOOG | 3,671 | $646,857 | 0.07% |
| 94 | ABBVIE INC | ABBV | 3,324 | $617,001 | 0.07% |
| 95 | NETFLIX INC | NFLX | 455 | $609,305 | 0.07% |
| 96 | VANGUARD WHITEHALL FDS | 921946406 | 4,310 | $574,567 | 0.06% |
| 97 | PUBLIC SVC ENTERPRISE GRP IN | 744573106 | 6,768 | $569,731 | 0.06% |
| 98 | ISHARES TR | 464288281 | 6,055 | $560,815 | 0.06% |
| 99 | ISHARES TR | 464287507 | 8,458 | $524,566 | 0.06% |
| 100 | SELECT SECTOR SPDR TR | 81369Y886 | 6,319 | $516,010 | 0.06% |
| 101 | NORFOLK SOUTHN CORP | 655844108 | 2,008 | $513,988 | 0.06% |
| 102 | EMERSON ELEC CO | EMR | 3,550 | $473,322 | 0.05% |
| 103 | ETFS GOLD TR | 00326A104 | 15,000 | $473,100 | 0.05% |
| 104 | VANGUARD WORLD FD | 921910725 | 6,723 | $440,357 | 0.05% |
| 105 | CISCO SYS INC | CSCO | 6,104 | $423,496 | 0.05% |
| 106 | DIMENSIONAL ETF TRUST | 25434V708 | 11,725 | $420,224 | 0.05% |
| 107 | VANGUARD INDEX FDS | 922908652 | 2,122 | $408,931 | 0.05% |
| 108 | ISHARES TR | 46435G672 | 7,693 | $393,036 | 0.04% |
| 109 | ISHARES TR | 464288810 | 6,266 | $392,503 | 0.04% |
| 110 | ALASKA AIR GROUP INC | ALK | 7,779 | $384,881 | 0.04% |
| 111 | SPDR INDEX SHS FDS | 78463X889 | 9,213 | $373,035 | 0.04% |
| 112 | VISA INC | V | 1,030 | $365,712 | 0.04% |
| 113 | ISHARES SILVER TR | SLV | 10,906 | $357,826 | 0.04% |
| 114 | VANGUARD INDEX FDS | 922908611 | 1,798 | $352,266 | 0.04% |
| 115 | VANGUARD INDEX FDS | 922908595 | 1,266 | $351,140 | 0.04% |
| 116 | PHILIP MORRIS INTL INC | 718172109 | 1,892 | $347,145 | 0.04% |
| 117 | ISHARES BITCOIN TRUST ETF | IBIT | 5,554 | $339,961 | 0.04% |
| 118 | META PLATFORMS INC | META | 445 | $328,458 | 0.04% |
| 119 | VANGUARD INTL EQUITY INDEX F | 922042676 | 7,045 | $325,112 | 0.04% |
| 120 | CUMMINS INC | CMI | 957 | $313,495 | 0.03% |
| 121 | ISHARES TR | 464287226 | 3,127 | $310,199 | 0.03% |
| 122 | BROADCOM INC | AVGO | 1,084 | $298,894 | 0.03% |
| 123 | MP MATERIALS CORP | MP | 8,635 | $287,287 | 0.03% |
| 124 | VANGUARD WORLD FD | 921910733 | 2,559 | $280,569 | 0.03% |
| 125 | PROSHARES TR | 74347X831 | 3,316 | $275,601 | 0.03% |
| 126 | SCHWAB STRATEGIC TR | 808524409 | 9,733 | $269,313 | 0.03% |
| 127 | SPDR SERIES TRUST | 78464A409 | 2,757 | $262,798 | 0.03% |
| 128 | ISHARES INC | 46434G863 | 6,620 | $259,306 | 0.03% |
| 129 | GRANITE CONSTR INC | GVA | 2,750 | $257,510 | 0.03% |
| 130 | AMERICAN ELEC PWR CO INC | 025537101 | 2,452 | $254,420 | 0.03% |
| 131 | VANGUARD INDEX FDS | 922908363 | 438 | $249,605 | 0.03% |
| 132 | ROYAL BK CDA | 780087102 | 1,895 | $249,288 | 0.03% |
| 133 | ORACLE CORP | ORCL-PD | 1,075 | $235,028 | 0.03% |
| 134 | COCA COLA CO | KO | 3,091 | $220,279 | 0.02% |
| 135 | INVESCO EXCH TRADED FD TR II | IVZ | 3,695 | $212,167 | 0.02% |
| 136 | ISHARES INC | 46434G103 | 3,456 | $207,464 | 0.02% |
| 137 | ISHARES TR | 464287614 | 488 | $207,024 | 0.02% |
| 138 | BP PLC | BPPFF | 6,718 | $201,072 | 0.02% |