13F HOLDINGS REPORT
CUTLER INVESTMENT COUNSEL LLC
Quarter ended Q3 2025 · Filed November 4, 2025 · Accession 0002085853-25-000222
Total Value
$953.8M
Positions
140
Other Managers
0
Confidential Omitted
No
Holdings (140)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | 922908629 | 157,726 | $46.5M | 4.87% |
| 2 | ISHARES TR | 464288646 | 812,018 | $43.1M | 4.51% |
| 3 | ISHARES TR | 46432F842 | 489,758 | $42.8M | 4.48% |
| 4 | SPDR INDEX SHS FDS | 78463X509 | 803,495 | $37.6M | 3.94% |
| 5 | MICROSOFT CORP | MSFT | 69,333 | $35.9M | 3.77% |
| 6 | J P MORGAN EXCHANGE TRADED F | 46641Q134 | 444,745 | $32.7M | 3.43% |
| 7 | ISHARES TR | 464287671 | 197,105 | $32.4M | 3.40% |
| 8 | CATERPILLAR INC | CAT | 60,916 | $29.1M | 3.05% |
| 9 | VANGUARD INDEX FDS | 922908736 | 59,424 | $28.5M | 2.99% |
| 10 | SPDR SERIES TRUST | 78464A649 | 1,065,835 | $27.6M | 2.89% |
| 11 | ISHARES TR | 46429B267 | 1,054,891 | $24.4M | 2.56% |
| 12 | WALMART INC | WMT | 227,561 | $23.5M | 2.46% |
| 13 | ISHARES TR | 464287804 | 193,104 | $22.9M | 2.41% |
| 14 | BLACKROCK INC | BLK | 18,211 | $21.2M | 2.23% |
| 15 | RTX CORPORATION | RTX | 119,184 | $19.9M | 2.09% |
| 16 | HOME DEPOT INC | HD | 48,389 | $19.6M | 2.06% |
| 17 | SCHWAB CHARLES CORP | SCHW-PJ | 195,145 | $18.6M | 1.95% |
| 18 | REPUBLIC SVCS INC | 760759100 | 80,711 | $18.5M | 1.94% |
| 19 | MCDONALDS CORP | MCD | 52,311 | $15.9M | 1.67% |
| 20 | DEERE & CO | DE | 33,621 | $15.4M | 1.62% |
| 21 | JPMORGAN CHASE & CO. | VYLD | 47,860 | $15.1M | 1.58% |
| 22 | EXXON MOBIL CORP | XOM | 123,003 | $13.9M | 1.45% |
| 23 | INTERNATIONAL BUSINESS MACHS | INTR | 43,709 | $12.3M | 1.29% |
| 24 | KROGER CO | KR | 181,495 | $12.2M | 1.28% |
| 25 | MEDTRONIC PLC | MDT | 120,113 | $11.5M | 1.21% |
| 26 | INVESCO EXCHANGE TRADED FD T | IVZ | 231,765 | $11.1M | 1.16% |
| 27 | CHEVRON CORP NEW | CVX | 70,525 | $11.0M | 1.15% |
| 28 | TEXAS INSTRS INC | 882508104 | 59,012 | $10.8M | 1.14% |
| 29 | VERIZON COMMUNICATIONS INC | VZ | 242,891 | $10.7M | 1.12% |
| 30 | NEXTERA ENERGY INC | NEE-PW | 138,127 | $10.4M | 1.09% |
| 31 | SPDR SERIES TRUST | 78464A854 | 131,302 | $10.3M | 1.08% |
| 32 | CVS HEALTH CORP | CVS | 130,856 | $9.9M | 1.03% |
| 33 | JOHNSON & JOHNSON | JNJ | 51,378 | $9.5M | 1.00% |
| 34 | PROCTER AND GAMBLE CO | 742718109 | 61,797 | $9.5M | 1.00% |
| 35 | PNC FINL SVCS GROUP INC | 693475105 | 45,984 | $9.2M | 0.97% |
| 36 | CARRIER GLOBAL CORPORATION | CARR | 151,946 | $9.1M | 0.95% |
| 37 | ISHARES TR | 464287200 | 13,213 | $8.8M | 0.93% |
| 38 | VANGUARD INTL EQUITY INDEX F | 922042718 | 58,685 | $8.4M | 0.88% |
| 39 | VANECK ETF TRUST | 92189H300 | 327,602 | $8.4M | 0.88% |
| 40 | PEPSICO INC | PEP | 58,871 | $8.3M | 0.87% |
| 41 | BECTON DICKINSON & CO | BDX | 43,287 | $8.1M | 0.85% |
| 42 | M & T BK CORP | 55261F104 | 40,115 | $7.9M | 0.83% |
| 43 | DUPONT DE NEMOURS INC | DD | 101,285 | $7.9M | 0.83% |
| 44 | MERCK & CO INC | MRK | 92,001 | $7.8M | 0.82% |
| 45 | ISHARES TR | 46434V647 | 297,254 | $7.6M | 0.80% |
| 46 | ISHARES TR | 46429B689 | 87,255 | $7.4M | 0.78% |
| 47 | VANGUARD BD INDEX FDS | 921937819 | 90,288 | $7.1M | 0.74% |
| 48 | NIKE INC | NKE | 95,475 | $6.7M | 0.70% |
| 49 | VANGUARD INDEX FDS | 922908769 | 20,087 | $6.6M | 0.69% |
| 50 | APPLE INC | AAPL | 24,403 | $6.2M | 0.65% |
| 51 | VANGUARD INDEX FDS | 922908744 | 32,648 | $6.1M | 0.64% |
| 52 | S&P GLOBAL INC | SPGI | 11,772 | $5.7M | 0.60% |
| 53 | VANGUARD TAX-MANAGED FDS | 921943858 | 93,982 | $5.6M | 0.59% |
| 54 | SCHWAB STRATEGIC TR | 808524607 | 181,732 | $5.1M | 0.53% |
| 55 | INVESCO EXCH TRADED FD TR II | IVZ | 111,615 | $4.6M | 0.48% |
| 56 | SCHWAB STRATEGIC TR | 808524797 | 160,987 | $4.4M | 0.46% |
| 57 | PFIZER INC | PFE | 169,404 | $4.3M | 0.45% |
| 58 | VANGUARD INTL EQUITY INDEX F | 922042858 | 71,842 | $3.9M | 0.41% |
| 59 | LENNAR CORP | LEN-B | 26,662 | $3.4M | 0.35% |
| 60 | PROSHARES TR | 74348A467 | 32,215 | $3.3M | 0.35% |
| 61 | AMAZON COM INC | AMZN | 13,023 | $2.9M | 0.30% |
| 62 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 5,377 | $2.7M | 0.28% |
| 63 | COSTCO WHSL CORP NEW | 22160K105 | 2,873 | $2.7M | 0.28% |
| 64 | MISSION PRODUCE INC | AVO | 212,750 | $2.6M | 0.27% |
| 65 | VANGUARD INTL EQUITY INDEX F | 922042742 | 18,406 | $2.5M | 0.27% |
| 66 | SCHWAB STRATEGIC TR | 808524748 | 52,360 | $2.3M | 0.24% |
| 67 | VANGUARD BD INDEX FDS | 921937835 | 30,540 | $2.3M | 0.24% |
| 68 | VANGUARD INDEX FDS | 922908553 | 24,586 | $2.2M | 0.24% |
| 69 | SCHWAB STRATEGIC TR | 808524763 | 68,495 | $2.1M | 0.22% |
| 70 | SCHWAB STRATEGIC TR | 808524755 | 44,450 | $1.9M | 0.20% |
| 71 | SCHWAB STRATEGIC TR | 808524201 | 72,007 | $1.9M | 0.20% |
| 72 | VANGUARD SCOTTSDALE FDS | 92206C409 | 22,912 | $1.8M | 0.19% |
| 73 | VANGUARD SPECIALIZED FUNDS | 921908844 | 8,436 | $1.8M | 0.19% |
| 74 | ALPHABET INC | GOOG | 7,275 | $1.8M | 0.19% |
| 75 | SPDR S&P 500 ETF TR | SPY | 2,367 | $1.6M | 0.17% |
| 76 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 2 | $1.5M | 0.16% |
| 77 | NVIDIA CORPORATION | NVDA | 6,817 | $1.3M | 0.13% |
| 78 | TESLA INC | TSLA | 2,612 | $1.2M | 0.12% |
| 79 | VANGUARD MUN BD FDS | 922907746 | 22,944 | $1.1M | 0.12% |
| 80 | SCHWAB STRATEGIC TR | 808524730 | 29,075 | $1.1M | 0.11% |
| 81 | VANGUARD CHARLOTTE FDS | 92203J407 | 20,814 | $1.0M | 0.11% |
| 82 | VANGUARD WORLD FD | 92204A702 | 1,374 | $1.0M | 0.11% |
| 83 | SPDR GOLD TR | GLD | 2,666 | $947,684 | 0.10% |
| 84 | INVESCO QQQ TR | IVZ | 1,533 | $921,267 | 0.10% |
| 85 | SCHWAB STRATEGIC TR | 808524839 | 38,889 | $912,724 | 0.10% |
| 86 | STARBUCKS CORP | SBUX | 10,020 | $847,706 | 0.09% |
| 87 | ALPHABET INC | GOOG | 3,476 | $845,024 | 0.09% |
| 88 | ABBVIE INC | ABBV | 3,531 | $817,568 | 0.09% |
| 89 | CENCORA INC | COR | 2,451 | $766,012 | 0.08% |
| 90 | LOWES COS INC | 548661107 | 3,028 | $760,842 | 0.08% |
| 91 | WELLS FARGO CO NEW | 949746101 | 8,359 | $700,652 | 0.07% |
| 92 | ISHARES TR | 464288273 | 8,692 | $666,851 | 0.07% |
| 93 | ETFS GOLD TR | 00326A104 | 16,586 | $610,531 | 0.06% |
| 94 | VANGUARD WHITEHALL FDS | 921946406 | 4,310 | $607,495 | 0.06% |
| 95 | NORFOLK SOUTHN CORP | 655844108 | 2,008 | $603,224 | 0.06% |
| 96 | ISHARES TR | 464288281 | 6,055 | $576,376 | 0.06% |
| 97 | PUBLIC SVC ENTERPRISE GRP IN | 744573106 | 6,768 | $564,858 | 0.06% |
| 98 | SELECT SECTOR SPDR TR | 81369Y886 | 6,119 | $533,638 | 0.06% |
| 99 | ISHARES SILVER TR | SLV | 12,286 | $520,558 | 0.05% |
| 100 | ISHARES TR | 464287507 | 7,708 | $503,025 | 0.05% |
| 101 | VANGUARD WORLD FD | 921910725 | 6,723 | $466,375 | 0.05% |
| 102 | EMERSON ELEC CO | EMR | 3,550 | $465,689 | 0.05% |
| 103 | NETFLIX INC | NFLX | 387 | $463,983 | 0.05% |
| 104 | VANGUARD INDEX FDS | 922908652 | 2,122 | $444,220 | 0.05% |
| 105 | DIMENSIONAL ETF TRUST | 25434V708 | 11,475 | $442,591 | 0.05% |
| 106 | PROSHARES TR | 74347X831 | 4,067 | $420,518 | 0.04% |
| 107 | CISCO SYS INC | CSCO | 6,126 | $419,141 | 0.04% |
| 108 | SCHWAB STRATEGIC TR | 808524805 | 17,122 | $398,601 | 0.04% |
| 109 | SPDR INDEX SHS FDS | 78463X889 | 9,213 | $394,225 | 0.04% |
| 110 | CUMMINS INC | CMI | 933 | $394,048 | 0.04% |
| 111 | VANGUARD INDEX FDS | 922908595 | 1,306 | $389,149 | 0.04% |
| 112 | ISHARES BITCOIN TRUST ETF | IBIT | 5,968 | $387,920 | 0.04% |
| 113 | BROADCOM INC | AVGO | 1,157 | $381,834 | 0.04% |
| 114 | VANGUARD INDEX FDS | 922908611 | 1,798 | $376,929 | 0.04% |
| 115 | VANGUARD INDEX FDS | 922908751 | 1,465 | $373,700 | 0.04% |
| 116 | ALASKA AIR GROUP INC | ALK | 7,479 | $372,280 | 0.04% |
| 117 | VISA INC | V | 1,062 | $362,572 | 0.04% |
| 118 | ISHARES TR | 464288810 | 5,846 | $351,228 | 0.04% |
| 119 | VANGUARD INDEX FDS | 922908363 | 542 | $332,904 | 0.03% |
| 120 | META PLATFORMS INC | META | 453 | $332,689 | 0.03% |
| 121 | VANGUARD INTL EQUITY INDEX F | 922042676 | 6,945 | $331,537 | 0.03% |
| 122 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,134 | $317,648 | 0.03% |
| 123 | SCHWAB STRATEGIC TR | 808524409 | 10,877 | $316,630 | 0.03% |
| 124 | ISHARES TR | 464287226 | 3,127 | $313,482 | 0.03% |
| 125 | VANGUARD BD INDEX FDS | 92203C303 | 6,266 | $313,269 | 0.03% |
| 126 | PHILIP MORRIS INTL INC | 718172109 | 1,909 | $309,640 | 0.03% |
| 127 | VANGUARD WORLD FD | 921910733 | 2,574 | $304,865 | 0.03% |
| 128 | ORACLE CORP | ORCL-PD | 1,083 | $304,583 | 0.03% |
| 129 | GRANITE CONSTR INC | GVA | 2,750 | $301,895 | 0.03% |
| 130 | SPDR SERIES TRUST | 78464A409 | 2,757 | $288,135 | 0.03% |
| 131 | ISHARES INC | 46434G863 | 6,620 | $287,441 | 0.03% |
| 132 | PIMCO ETF TR | 72201R833 | 2,833 | $285,255 | 0.03% |
| 133 | AMERICAN ELEC PWR CO INC | 025537101 | 2,406 | $270,675 | 0.03% |
| 134 | ROYAL BK CDA | 780087102 | 1,835 | $270,333 | 0.03% |
| 135 | GLOBAL X FDS | 37954Y632 | 5,248 | $259,199 | 0.03% |
| 136 | ISHARES INC | 46434G103 | 3,585 | $236,324 | 0.02% |
| 137 | BP PLC | BPPFF | 6,729 | $231,878 | 0.02% |
| 138 | ISHARES TR | 464287614 | 488 | $228,445 | 0.02% |
| 139 | INVESCO EXCH TRADED FD TR II | IVZ | 3,695 | $226,042 | 0.02% |
| 140 | COCA COLA CO | KO | 3,172 | $211,988 | 0.02% |