CUTLER INVESTMENT COUNSEL LLC
SEC Form 13F institutional filer · CIK 0001285973
13F-HR · 74 reported holdings · 2026-03-31
Reported long-US-equity value
$0.66B
Top-10 concentration
53.7%
CUTLER INVESTMENT COUNSEL LLC — $665M AUM allocation strategy
CUTLER INVESTMENT COUNSEL LLC files SEC Form 13F and reports $665M of long US equity value across 74 reported holdings for 2026-03-31.
Its largest sector bet is Industrials 12.6%, followed by Financials 10.6% and Consumer Staples 6.0%.
The top 10 holdings account for 54% of reported value — a conviction-weighted book concentrated in its best ideas. 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.
CUTLER INVESTMENT COUNSEL LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$665M
total across 74 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
54% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SCHW +70K sh · +$1.82M+$SPYM +8.24K sh · +$125K+$IVV +6.93K sh · −$2.03M
Biggest trims (shares)
−$NKE −13.1K sh · −$2M−$IVZ −12.9K sh · −$571K−$CAT −9.33K sh · −$217K
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)
- Investment Banking & Brokerage6.1%—
- Integrated Oil & Gas5.1%—
- Consumer Staples Merchandise Retail4.1%—
- Construction Machinery & Heavy Transportation Equipment4.0%—
- Systems Software3.7%—
- Aerospace & Defense3.4%—
- Agricultural & Farm Machinery2.8%—
- Environmental & Facilities Services2.6%—
- Other holdings68.3%—
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 |
|---|---|---|---|---|---|
| $SCHW | Charles Schwab Corporation | 927K | $40.3M | +70K | 6.1% |
| $WMT | Walmart Inc | 218K | $27.1M | -3.82K | 4.1% |
| $CAT | Caterpillar Inc | 37.8K | $26.8M | -9.33K | 4.0% |
| $MSFT | Microsoft Corporation | 67.6K | $25M | -788 | 3.8% |
| $RTX | RTX Corporation | 115K | $22.2M | -1.37K | 3.3% |
| $XOM | ExxonMobil Holdings Corporation | 119K | $20.2M | -528 | 3.0% |
| $DE | Deere & Company | 32.4K | $18.3M | -441 | 2.7% |
| $RSG | Republic Services Inc | 77.5K | $17M | -1.31K | 2.6% |
| $BLK | BlackRock Inc | 17.5K | $16.8M | -361 | 2.5% |
…and 65 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.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.