Institutional Manager · CIK 0000020286

CINCINNATI FINANCIAL CORP

Cincinnati, OH · File #028-10798

Latest AUM

$5.12B

Positions

Top-10 Concentration

56.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	LAM RESEARCH ORD	LRCX	+277,240	+$47.5M	$0
EXITED	LAM RESEARCH ORD	US5128073	-277,240	-$37.1M	$0
ADD	ARES MANAGEMENT CL A ORD	ARES-PB	+81,304	+$13.1M	+$292,320
EXITED	CHUBB ORD	H1467J104	-44,350	-$12.5M	$0
ADD	ARTHUR J GALLAGHER ORD	363576109	+48,000	+$12.4M	-$7.0M
ADD	DOLLAR GENERAL ORD	256677105	+55,000	+$7.3M	+$4.6M
ADD	OWENS CORNIING ORD	OC	+38,000	+$4.3M	-$5.1M
ADD	MICROCHIP TECHNOLOGY ORD	MCHPP	+41,517	+$2.6M	-$467,375
REDUCE	PFIZER ORD	PFE	-92,224	-$2.3M	-$335,878
REDUCE	3M ORD	MMM	0	$0	+$1.0M

Sector Allocation

44.4%$2.27B

6.8%$350.9M

6.6%$338.0M

5.9%$304.5M

Consumer Discretionary

5.9%$304.8M

Energy

1.7%$89.1M

Utilities

1.3%$64.7M

Communication Services

0.4%$19.8M

Consumer Staples

0.3%$18.3M

Materials

0.1%$5.3M

Filing History

Feb 12, 202613F COMBINATION REPORTQ/E Dec 202554 pos · $5.12B
Nov 6, 202513F COMBINATION REPORTQ/E Sep 202555 pos · $5.05B
Aug 7, 202513F COMBINATION REPORTQ/E Jun 202553 pos · $4.72B
May 8, 202513F COMBINATION REPORTQ/E Mar 202551 pos · $4.48B
Feb 12, 202513F COMBINATION REPORTQ/E Dec 202450 pos · $4.56B
Nov 7, 202413F COMBINATION REPORTQ/E Sep 202452 pos · $4.64B
Aug 8, 202413F COMBINATION REPORTQ/E Jun 202452 pos · $4.64B
May 3, 202413F COMBINATION REPORTQ/E Mar 202452 pos · $4.54B
Nov 3, 202313F COMBINATION REPORTQ/E Dec 202355 pos · $4.14B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	APPLE ORD	AAPL	2,797,016	$760.4M	14.89%
2	BROADCOM ORD	AVGO	1,724,909	$597.0M	11.69%
3	CME GROUP CL A ORD	CME	1,002,000	$273.6M	5.36%
4	MICROSOFT ORD	MSFT	491,150	$237.5M	4.65%
5	CISCO SYSTEMS ORD	CSCO	2,546,500	$196.2M	3.84%
6	PHILIP MORRIS INTERNATIONAL ORD	718172109	1,101,700	$176.7M	3.46%
7	NORFOLK SOUTHERN ORD	655844108	587,687	$169.7M	3.32%
8	DOVER ORD	DOV	843,600	$164.7M	3.23%
9	QUALCOMM ORD	QCOM	957,500	$163.8M	3.21%
10	HONEYWELL INTERNATIONAL ORD	438516106	837,500	$163.4M	3.20%
11	UNITEDHEALTH GRP ORD	UNH	468,822	$154.8M	3.03%
12	HOME DEPOT ORD	HD	426,054	$146.6M	2.87%
13	MCDONALD'S ORD	MCD	447,638	$136.8M	2.68%
14	TJX ORD	872540109	866,500	$133.1M	2.61%
15	ABBVIE ORD	ABBV	566,800	$129.5M	2.54%
16	ANALOG DEVICES ORD	ADI	445,870	$120.9M	2.37%
17	SNAP ON ORD	SNA	336,764	$116.0M	2.27%
18	ACCENTURE CL A ORD	ACN	338,000	$90.7M	1.78%
19	RPM ORD	749685103	824,725	$85.8M	1.68%
20	VALERO ENERGY ORD	VLO	514,640	$83.8M	1.64%