CULLINAN ASSOCIATES INC
SEC Form 13F institutional filer · CIK 0001161670
13F-HR · 178 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$1.19B
Top-10 concentration
43.4%
CULLINAN ASSOCIATES INC — $1.19B AUM allocation strategy
CULLINAN ASSOCIATES INC files SEC Form 13F and reports $1.19B of long US equity value across 178 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 16.8%, followed by Consumer Staples 12.6% and Financials 7.2%.
The top 10 holdings account for 43% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
CULLINAN ASSOCIATES INC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.19B
total across 178 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
43% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$HPQ +36.1K sh · +$224K+$WFC +23.7K sh · +$1.21M+$CARR +19.7K sh · +$1.14M
Biggest trims (shares)
−$WMT −379K sh · −$40.4M−$KO −52.8K sh · +$4.37M−$AAPL −45.9K sh · −$19.7M
Exited to nil (held last quarter, gone now)
$CHRW ($8.09M last qtr)$AMT ($386K last qtr)$MET ($261K last qtr)$KHC ($252K last qtr)$GLW ($216K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Technology Hardware, Storage & Peripherals8.5%—
- Soft Drinks & Non-alcoholic Beverages8.4%—
- Systems Software4.9%—
- Interactive Media & Services4.8%—
- Integrated Oil & Gas4.6%—
- Financial Exchanges & Data4.3%—
- Pharmaceuticals3.7%—
- Biotechnology3.3%—
- Other holdings57.5%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
9 of 9 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 401K | $102M | -45.9K | 8.5% |
| $KO | Coca-Cola Company | 1.31M | $99.9M | -52.8K | 8.4% |
| $MSFT | Microsoft Corporation | 156K | $57.9M | -21.3K | 4.8% |
| $SPGI | S&P Global Inc | 122K | $51.8M | -40 | 4.3% |
| $JNJ | Johnson & Johnson | 183K | $44.7M | -11.1K | 3.7% |
| $XOM | ExxonMobil Holdings Corporation | 226K | $38.3M | -25.7K | 3.2% |
| $PG | Procter & Gamble Company | 226K | $32.6M | -33.3K | 2.7% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 104K | $29.8M | -23K | 2.5% |
| $GOOGL | Alphabet Inc | 96.2K | $27.6M | -5.2K | 2.3% |
…and 169 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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