Institutional Manager · CIK 0001508512
Drexel Morgan & Co.
Radnor, PA · File #028-14088
Latest AUM
$638.9M
Positions
57
Top-10 Concentration
73.3%
Filings
9
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 |
|---|---|---|---|---|---|
| REDUCE | CLEVELAND-CLIFFS INC NEW | CLF | -2,644,506 | -$35.1M | +$6.0M |
| ADD | AT&T INC | T-PC | +200,000 | +$5.0M | -$14.0M |
| NEW | KYNDRYL HLDGS INC | KD | +100,000 | +$2.7M | $0 |
| ADD | NVIDIA CORPORATION | NVDA | +10,000 | +$1.9M | -$144 |
| EXITED | UNILEVER PLC | 904767704 | -31,372 | -$1.9M | $0 |
| NEW | UNILEVER PLC | UNLYF | +27,881 | +$1.8M | $0 |
| ADD | WASHINGTON TR BANCORP INC | 940610108 | +50,000 | +$1.5M | +$163,020 |
| NEW | QNITY ELECTRONICS INC | Q | +4,274 | +$348,972 | $0 |
| ADD | UNITED PARCEL SERVICE INC | UPS | +2,675 | +$265,333 | +$11.1M |
| EXITED | AUTOMATIC DATA PROCESSING IN | 053015103 | -700 | -$205,450 | $0 |
Sector Allocation
Filing History
- 13F COMBINATION REPORTQ/E Dec 202557 pos · $638.9M
- 13F COMBINATION REPORTQ/E Sep 202556 pos · $636.7M
- 13F COMBINATION REPORTQ/E Jun 202556 pos · $563.2M
- 13F COMBINATION REPORTQ/E Mar 202554 pos · $476.5M
- 13F COMBINATION REPORTQ/E Dec 202455 pos · $484.8M
- 13F COMBINATION REPORTQ/E Sep 202455 pos · $538.0M
- 13F COMBINATION REPORTQ/E Jun 202453 pos · $466.5M
- 13F COMBINATION REPORTQ/E Mar 202452 pos · $485.7M
- 13F COMBINATION REPORTQ/E Dec 202347 pos · $367.5M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | AT&T INC | T-PC | 4,323,320 | $107.4M | 16.86% |
| 2 | UNITED PARCEL SERVICE INC | UPS | 712,440 | $70.7M | 11.10% |
| 3 | JPMORGAN CHASE & CO. | VYLD | 163,589 | $52.7M | 8.28% |
| 4 | JOHNSON & JOHNSON | JNJ | 216,207 | $44.7M | 7.03% |
| 5 | INTERNATIONAL BUSINESS MACHS | INTR | 139,735 | $41.4M | 6.50% |
| 6 | CLEVELAND-CLIFFS INC NEW | CLF | 2,954,569 | $39.2M | 6.16% |
| 7 | AMERICAN EXPRESS CO | AXP | 95,918 | $35.5M | 5.57% |
| 8 | COCA COLA CO | KO | 456,411 | $31.9M | 5.01% |
| 9 | FORD MTR CO | 345370860 | 2,100,000 | $27.6M | 4.33% |
| 10 | CATERPILLAR INC | CAT | 27,886 | $16.0M | 2.51% |
| 11 | MICROSOFT CORP | MSFT | 30,129 | $14.6M | 2.29% |
| 12 | MERCK & CO INC | MRK | 132,292 | $13.9M | 2.19% |
| 13 | DISNEY WALT CO | 254687106 | 116,683 | $13.3M | 2.08% |
| 14 | SLB LIMITED | SLB | 345,412 | $13.3M | 2.08% |
| 15 | DEERE & CO | DE | 28,065 | $13.1M | 2.05% |
| 16 | APPLE INC | AAPL | 44,296 | $12.0M | 1.89% |
| 17 | WASHINGTON TR BANCORP INC | 940610108 | 300,800 | $8.9M | 1.40% |
| 18 | EXXON MOBIL CORP | XOM | 68,680 | $8.3M | 1.30% |
| 19 | SPDR S&P 500 ETF TR | SPY | 10,911 | $7.4M | 1.17% |
| 20 | UNION PAC CORP | UNP | 19,373 | $4.5M | 0.70% |