Latest CULLINAN ASSOCIATES INC Stock Portfolio

CULLINAN ASSOCIATES INC Performance:

2025 Q4: 1.23%YTD: 13.12%2024: 13.2%

Performance for 2025 Q4 is 1.23%, and YTD is 13.12%, and 2024 is 13.2%.

About CULLINAN ASSOCIATES INC and 13F Hedge Fund Stock Holdings

CULLINAN ASSOCIATES INC is a hedge fund based in Louisville, KY. On 2026-01-30, the fund reported it's updated stock portfolio. In the 13F Holdings report, CULLINAN ASSOCIATES INC reported an equity portfolio of $1.5 Billions as of 31 Dec, 2025.

The top stock holdings of CULLINAN ASSOCIATES INC are AAPL, KO, MSFT. The fund has invested 8.2% of it's portfolio in APPLE INC and 6.5% of portfolio in COCA-COLA COMPANY.

The fund managers got completely rid off DOVER CORPORATION (DOV), SHERWIN-WILLIAMS (SHW) and SEALED AIR (SEE) stocks. They significantly reduced their stock positions in COINBASE GLOBAL INC. (COIN), AMERICAN TOWER REIT (AMT) and AT&T INC (T). CULLINAN ASSOCIATES INC opened new stock positions in VANGUARD GROWTH INDX ETF (VB), VANGUARD RUSS 2000 GROWTH ETF (BNDW) and DOCUSIGN INC (DOCU). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX (NFLX), ASML HOLDING NV and SERVICENOW (NOW).

CULLINAN ASSOCIATES INC Annual Return Estimates Vs S&P 500

Our best estimate is that CULLINAN ASSOCIATES INC made a return of 1.23% in the last quarter. In trailing 12 months, it's portfolio return was 13.12%.

Performance
S&P 500

New Buys

Ticker	$ Bought
vanguard growth indx etf	318,573
vanguard russ 2000 growth etf	312,215
vanguard russ 1000 growth	309,367
docusign inc	294,120
fedex	216,645

New stocks bought by CULLINAN ASSOCIATES INC

Additions

Ticker	% Inc.
netflix	953
asml holding nv	766
servicenow	400
palo alto networks inc	275
bank of america	166
mastercard	72.73
c h robinsin worldwide	64.38
bp plc ads	26.67

Additions to existing portfolio by CULLINAN ASSOCIATES INC

Reductions

Ticker	% Reduced
coinbase global inc.	-99.06
american tower reit	-86.51
at&t inc	-56.14
blackrock inc	-51.92
cargurus inc	-44.33
pfizer inc	-37.16
illinois tool works	-36.63
airbnb inc	-33.5

CULLINAN ASSOCIATES INC reduced stake in above stock

Sold off

Ticker	$ Sold
sealed air	-314,615
dover corporation	-784,101
exelon corp	-202,545
diageo plc adr	-200,403
oklo inc.	-223,260
sherwin-williams	-657,894
american electric power	-202,500

CULLINAN ASSOCIATES INC got rid off the above stocks

Sector Distribution

CULLINAN ASSOCIATES INC has about 28.5% of it's holdings in Technology sector.

Sector	%
Technology	28.5
Consumer Defensive	15.2
Financial Services	13.7
Healthcare	9.3
Communication Services	8.3
Industrials	7.3
Consumer Cyclical	7.2
Others	4.9
Energy	3.5
Utilities	1.2

Market Cap. Distribution

CULLINAN ASSOCIATES INC has about 92.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	51.8
LARGE-CAP	41.1
UNALLOCATED	5.1
MID-CAP	2.1

Stocks belong to which Index?

About 91.7% of the stocks held by CULLINAN ASSOCIATES INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	91.7
Others	7.3

Top 5 Winners (%)		%
LLY	eli lilly & company	38.6 %
AMD	advanced micro	31.2 %
GOOG	alphabet class a	28.3 %
LRCX	lam research corp	27.8 %
GOOG	alphabet class c	26.9 %

Top 5 Winners ($)		$
GOOG	alphabet class a	8.8 M
AAPL	apple inc	7.7 M
GOOG	alphabet class c	6.7 M
KO	coca-cola company	4.9 M
WMT	wal-mart stores inc	4.5 M

Top 5 Losers (%)		%
NFLX	netflix	-86.6 %
NOW	servicenow	-75.0 %
FMC	fmc corporation	-58.8 %
ORCL	oracle corp	-30.4 %
AXON	axon enterprise inc	-20.9 %

Top 5 Losers ($)		$
COIN	coinbase global inc.	-14.5 M
ORCL	oracle corp	-9.6 M
NFLX	netflix	-8.3 M
MSFT	microsoft corp	-6.1 M
NOW	servicenow	-4.1 M

CULLINAN ASSOCIATES INC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of CULLINAN ASSOCIATES INC

CULLINAN ASSOCIATES INC has 211 stocks in it's portfolio. About 41.7% of the portfolio is in top 10 stocks. COIN proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for CULLINAN ASSOCIATES INC last quarter.

Last Reported on: 30 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent	0.06	7,000	952,490	unchanged	0.00

AAPL	apple inc	8.23	446,756	121,455,000	reduced	-1.00

ABBV	abbvie inc	1.29	83,375	19,050,400	reduced	-1.66

ABNB	airbnb inc	0.50	54,022	7,331,870	reduced	-33.5

ABT	abbott laboratories	0.28	32,540	4,076,940	reduced	-2.87

ACN	accenture plc	0.10	5,439	1,459,280	reduced	-20.48

ADBE	adobe	0.20	8,650	3,027,410	reduced	-25.43

ADI	analog devices	0.16	8,446	2,290,680	reduced	-1.42

ADP	automatic data	0.18	10,300	2,649,470	unchanged	0.00

AEP	american electric power	0.00	0.00	0.00	sold off	-100

AFL	aflac inc	1.06	142,174	15,677,500	added	3.05

ALCC	oklo inc.	0.00	0.00	0.00	sold off	-100

ALL	allstate corp	0.02	1,200	249,780	unchanged	0.00

AMAT	applied materials	1.03	58,988	15,159,400	reduced	-4.82

AMD	advanced micro	0.05	3,719	796,461	reduced	-7.46

AMGN	amgen inc	0.69	31,143	10,193,400	reduced	-0.96

AMT	american tower reit	0.03	2,200	386,254	reduced	-86.51

AMZN	amazon	2.04	130,713	30,171,200	added	15.27

APP	applovin corp	0.06	1,312	884,052	unchanged	0.00

APPF	appfolio inc	0.02	1,200	279,180	unchanged	0.00