CULLINAN ASSOCIATES INC

13F filer, CIK 1161670, LOUISVILLE, KY

CULLINAN ASSOCIATES INC reported $1,773,021,159 across 232 holdings for the quarter ended 2024-09-30, in a 13F-HR filed 2024-10-23. Its ten largest share positions make up 41.79% of the portfolio.

Filed 2024-10-23 (acceptance time not in the bulk data set), ingested 2026-10-07 18:26:56 UTC13F-HR 0001161670-24-000004

Period: 2024-09-30
Reported value: $1.77B
Holdings: 232
Top 10 weight: 41.79%
New: 7
Sold out: 6

Largest buys vs the previous quarter

Security	Shares change	Approx. value
ABNBadded	+56,416	$7.72M
LAM RESEARCH CORPadded	+87,300	$6.34M
GTLBnew	+47,000	$2.61M
ECLadded	+9,374	$2.43M
GOOGadded	+14,640	$2.43M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
WMTreduced	-381,652	-$30.9M
CSCOreduced	-303,684	-$17.2M
TRVreduced	-55,116	-$14.3M
AAPLreduced	-40,691	-$9.61M
COFexited	-62,184	-$8.61M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2024

Share positions as resolved from 13F-HR 0001161670-24-000004, largest first. % of portfolio is the value over $1,773,021,159, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
AAPLAPPLE INC	754,368	$178M	10.05%	-40,691	Timeline
WMTWALMART INC	1,217,521	$98.6M	5.56%	-381,652	Timeline
KOCOCA COLA CO	1,293,017	$89.9M	5.07%	-30,197	Timeline
MSFTMICROSOFT CORP	196,184	$81.9M	4.62%	+5,124	Timeline
SPGIS&P GLOBAL INC	127,740	$66.9M	3.77%	+140	Timeline
COINCOINBASE GLOBAL INC	302,925	$65.2M	3.68%	+2,300	Timeline
PGPROCTER & GAMBLE CO	281,557	$47.8M	2.69%	-11,871	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	69,041	$40.2M	2.27%	+1,054	Timeline
JNJJOHNSON & JOHNSON	222,005	$36.2M	2.04%	-7,321	Timeline
XOMEXXON MOBIL CORP	300,718	$36.2M	2.04%	-14,058	Timeline
IBMINTERNATIONAL BUSINESS MACHS	136,383	$31.6M	1.78%	-8,062	Timeline
AMZNAMAZON COM INC	161,384	$30.5M	1.72%	+3,007	Timeline
LOWLOWES COS INC	96,791	$26.7M	1.51%	-4,132	Timeline
CVXCHEVRON CORPORATION	174,211	$26.3M	1.49%	-7,241	Timeline
VRTXVERTEX PHARMACEUTICALS INC	54,662	$26.2M	1.48%	-1,000	Timeline
MCDMCDONALDS CORP	81,408	$25.6M	1.45%	-6,220	Timeline
GOOGLALPHABET INC	154,303	$25.3M	1.43%	-2,619	Timeline
EAELECTRONIC ARTS INC	167,581	$24.4M	1.38%	-17,637	Timeline
NVDANVIDIA CORPORATION	169,654	$24.2M	1.36%	-11,290	Timeline
ORCLORACLE CORP	138,248	$24M	1.35%	-11,472	Timeline
VVISA INC	74,609	$21.5M	1.21%	-11,430	Timeline
GOOGALPHABET INC	127,161	$21.1M	1.19%	+14,640	Timeline
JPMJPMORGAN CHASE & CO	91,852	$20.5M	1.16%	+2,909	Timeline
ABBVABBVIE INC	109,402	$20.4M	1.15%	-11,206	Timeline
TXNTEXAS INSTRS INC	99,130	$19.4M	1.09%	-7,445	Timeline
AXPAMERICAN EXPRESS CO	61,148	$16.5M	0.93%	-3,914	Timeline
ABNBAIRBNB INC	119,903	$16.4M	0.93%	+56,416	Timeline
AMATAPPLIED MATLS INC	88,582	$16.3M	0.92%	-2,746	Timeline
LMTLOCKHEED MARTIN CORP	26,174	$16.1M	0.91%	-1,527	Timeline
CATCATERPILLAR INC	40,516	$15.8M	0.89%	-2,104	Timeline
AMGNAMGEN INC	47,903	$15.2M	0.86%	-3,111	Timeline
METAMETA PLATFORMS INC	26,484	$15.2M	0.86%	-479	Timeline
COSTCOSTCO WHOLESALE CORPORATION	16,517	$14.7M	0.83%	-3,133	Timeline
AFLAFLAC INC	128,930	$14.6M	0.82%	-4,804	Timeline
QLYSQUALYS INC	103,755	$13M	0.73%	0	Timeline
UPSUNITED PARCEL SVCS INC	95,921	$12.6M	0.71%	-7,389	Timeline
SOSOUTHERN CO	131,699	$12.2M	0.69%	+33	Timeline
HDHOME DEPOT INC	28,960	$11.7M	0.66%	-616	Timeline
GSGOLDMAN SACHS GROUP INC	20,816	$10.8M	0.61%	-3,618	Timeline
DEDEERE & CO	25,922	$10.6M	0.6%	-2,522	Timeline
EMREMERSON ELEC CO	93,513	$10.3M	0.58%	-11,389	Timeline
UNHUNITEDHEALTH GROUP INC	17,548	$10M	0.57%	-3,404	Timeline
ADBEADOBE INC	19,495	$9.71M	0.55%	-3,272	Timeline
TJXTJX COS INC NEW	80,046	$9.25M	0.52%	-5,923	Timeline
ITWILLINOIS TOOL WKS INC	34,623	$8.94M	0.5%	-2,798	Timeline
NYTNEW YORK TIMES CO MTN BE	161,948	$8.93M	0.5%	-9,583	Timeline
GILDGILEAD SCIENCES INC	100,985	$8.72M	0.49%	-14,347	Timeline
WSTWEST PHARMACEUTICAL SVSC INC	30,000	$8.66M	0.49%	0	Timeline
LLYELI LILLY & CO	9,366	$8.5M	0.48%	+83	Timeline
KLACKLA CORP	12,449	$8.32M	0.47%	-1,172	Timeline
UBERUBER TECHNOLOGIES INC	100,519	$8.07M	0.46%	-11,520	Timeline
HPQHP INC	214,525	$7.84M	0.44%	+49,865	Timeline
DISDISNEY WALT CO	79,157	$7.62M	0.43%	-13,317	Timeline
PRUPRUDENTIAL FINL INC	59,932	$7.53M	0.42%	+7,207	Timeline
Berkshire Hathaway Cl BBerkshire Hathaway Cl B	15,697	$7.28M	0.41%	+10
CVSCVS HEALTH CORP	122,682	$7.12M	0.4%	+37,395	Timeline
LAM RESEARCH CORPLAM RESEARCH CORP	97,000	$7.04M	0.4%	+87,300
PLDPROLOGIS INC.	58,028	$6.84M	0.39%	-4,849	Timeline
TFCTRUIST FINL CORP	152,837	$6.49M	0.37%	+2,500	Timeline
DTDYNATRACE INC	118,036	$6.4M	0.36%	0	Timeline
TSLATESLA INC	27,600	$6.01M	0.34%	0	Timeline
YUMYUM BRANDS INC	42,720	$5.73M	0.32%	-8,145	Timeline
CLCOLGATE PALMOLIVE CO	54,739	$5.45M	0.31%	-70	Timeline
PMPHILIP MORRIS INTL INC	45,250	$5.39M	0.3%	-1,484	Timeline
MSMORGAN STANLEY	45,483	$5.37M	0.3%	+1,684	Timeline
CRMSALESFORCE INC	18,396	$5.35M	0.3%	-2,826	Timeline
CMCSACOMCAST CORP NEW	131,086	$5.32M	0.3%	0	Timeline
TRVTRAVELERS COMPANIES INC	20,457	$5.3M	0.3%	-55,116	Timeline
MDTMEDTRONIC PLC	56,564	$5.16M	0.29%	-2,047	Timeline
ABTABBOTT LABORATORIES	43,794	$5.12M	0.29%	-7,700	Timeline
PEPPEPSICO INC	28,793	$5.05M	0.28%	+200	Timeline
AESIATLAS ENERGY SOLUTIONS INC	252,000	$5.03M	0.28%	0	Timeline
NSCNORFOLK SOUTHN CORP	20,200	$5.02M	0.28%	-100	Timeline
AMTAMERICAN TOWER CORP	22,363	$4.95M	0.28%	-1,833	Timeline
MRKMERCK & CO INC	46,268	$4.94M	0.28%	+2,300	Timeline
BMYBRISTOL-MYERS SQUIBB CO	92,232	$4.82M	0.27%	-13,324	Timeline
UNPUNION PAC CORP	19,870	$4.77M	0.27%	-1,360	Timeline
VOOVANGUARD INDEX FDS	8,641	$4.63M	0.26%	0	Timeline
CSCOCISCO SYS INC	80,832	$4.57M	0.26%	-303,684	Timeline
BXBLACKSTONE INC	26,442	$4.52M	0.26%	-300	Timeline
CMICUMMINS INC	13,315	$4.46M	0.25%	-3,011	Timeline
ECLECOLAB INC	17,123	$4.44M	0.25%	+9,374	Timeline
CHRWC H ROBINSON WORLDWIDE IN	40,100	$4.37M	0.25%	-200	Timeline
FASTFASTENAL CO	54,546	$4.23M	0.24%	+1,861	Timeline
GLWCORNING INC	83,574	$3.92M	0.22%	-4,290	Timeline
WSMWILLIAMS SONOMA INC	26,400	$3.69M	0.21%	+12,400	Timeline
ADIANALOG DEVICES INC	16,085	$3.61M	0.2%	-3,736	Timeline
ACNACCENTURE PLC IRELAND	9,287	$3.49M	0.2%	-668	Timeline
TEAMATLASSIAN CORPORATION	18,117	$3.48M	0.2%	0	Timeline
MDLZMONDELEZ INTL INC	48,253	$3.4M	0.19%	-1,500	Timeline
RTXRTX CORPORATION	26,833	$3.37M	0.19%	-375	Timeline
QCOMQUALCOMM INC	20,012	$3.36M	0.19%	+1,834	Timeline
NOCNORTHROP GRUMMAN CORP	6,181	$3.27M	0.18%	-516	Timeline
ADPAUTOMATIC DATA PROCESSING IN	10,900	$3.17M	0.18%	+100	Timeline
DOWDOW HLDGS INC	59,678	$3.12M	0.18%	+6,825	Timeline
Crown CastleCrown Castle	28,159	$3.1M	0.17%	0
MAMASTERCARD INCORPORATED	5,700	$2.94M	0.17%	-500	Timeline
INTUINTUIT	4,710	$2.88M	0.16%	-1,900	Timeline
WFCWELLS FARGO & CO	44,145	$2.83M	0.16%	+1,500	Timeline
BACBANK OF AMER CORP	67,325	$2.81M	0.16%	+11,400	Timeline
ROPROPER TECHNOLOGIES INC	5,000	$2.78M	0.16%	0	Timeline
IWFISHARES TR	7,200	$2.76M	0.16%	0	Timeline
SWKSTANLEY BLACK & DECKER INC	25,812	$2.73M	0.15%	0	Timeline
SYKSTRYKER CORPORATION	7,365	$2.71M	0.15%	-366	Timeline
GTLBGITLAB INC	47,000	$2.61M	0.15%	new	Timeline
OKTAOKTA INC	34,900	$2.59M	0.15%	+20,900	Timeline
BSXBOSTON SCIENTIFIC CORP	29,000	$2.56M	0.14%	+500	Timeline
ISRGINTUITIVE SURGICAL INC	4,900	$2.54M	0.14%	-1,500	Timeline
AVGOBROADCOM INC	13,589	$2.43M	0.14%	+12,369	Timeline
COPCONOCOPHILLIPS	22,979	$2.42M	0.14%	+300	Timeline
NEENEXTERA ENERGY INC	28,604	$2.4M	0.14%	-124	Timeline
PYPLPAYPAL HLDGS INC	28,715	$2.31M	0.13%	-435	Timeline
HONHONEYWELL INTL INC	9,408	$2.08M	0.12%	0	Timeline
INTCINTEL CORP	88,989	$2.02M	0.11%	+600	Timeline
WELLWELLTOWER INC	15,155	$1.98M	0.11%	-2,035	Timeline
NOWSERVICENOW INC	2,100	$1.92M	0.11%	0	Timeline
PFEPFIZER INC	64,904	$1.88M	0.11%	-197,180	Timeline
DASHDOORDASH INC	12,000	$1.83M	0.1%	0	Timeline
USBUS BANCORP	36,118	$1.73M	0.1%	0	Timeline
GEGE AEROSPACE	8,465	$1.63M	0.09%	-2,901	Timeline
MOALTRIA GROUP INC	32,177	$1.58M	0.09%	0	Timeline
ETNEATON CORP PLC	4,272	$1.48M	0.08%	+473	Timeline
FSLRFIRST SOLAR INC	7,500	$1.47M	0.08%	0	Timeline
HIMSHIMS & HERS HEALTH INC	63,200	$1.47M	0.08%	-11,400	Timeline
BROBROWN & BROWN INC	13,000	$1.38M	0.08%	0	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	2,300	$1.37M	0.08%	0	Timeline
PSXPHILLIPS 66	10,239	$1.35M	0.08%	0	Timeline
DDOMINION ENERGY INC	21,078	$1.27M	0.07%	+700	Timeline
NKENIKE INC	14,355	$1.17M	0.07%	-11,592	Timeline
EFXEQUIFAX INC	4,250	$1.17M	0.07%	-315	Timeline
TTTRANE TECHNOLOGIES PLC	2,815	$1.13M	0.06%	-85	Timeline
BLACKROCK INCBLACKROCK INC	1,116	$1.12M	0.06%	0
BABOEING CO	6,975	$1.11M	0.06%	-1	Timeline
MSTRSTRATEGY INC	5,000	$1.1M	0.06%	+4,500	Timeline
NVONOVO-NORDISK A S	9,000	$1.06M	0.06%	-400	Timeline
CTVACORTEVA INC	17,759	$1.05M	0.06%	-7,110	Timeline
IWRISHARES TR	11,600	$1.04M	0.06%	0	Timeline
AZNASTRAZENECA PLC-SPONS ADR	13,026	$1.01M	0.06%	0	Timeline
PGRPROGRESSIVE CORP	4,000	$1M	0.06%	0	Timeline
NFLXNETFLIX INC.	1,300	$1000K	0.06%	-90	Timeline
NUENUCOR CORP	6,369	$995K	0.06%	0	Timeline
PNCPNC FINL SVCS GROUP INC	5,362	$995K	0.06%	-454	Timeline
EWEDWARDS LIFESCIENCES CORP	13,911	$973K	0.05%	0	Timeline
AAGILENT TECHNOLOGIES INC	7,000	$954K	0.05%	0	Timeline
SCHWCHARLES SCHWAB CORP (THE)	13,300	$943K	0.05%	-25,500	Timeline
UBSUBS GROUP AG	29,000	$937K	0.05%	0	Timeline
ZTSZOETIS INC	4,900	$930K	0.05%	0	Timeline
VZVERIZON COMMUNICATIONS INC	20,550	$898K	0.05%	+8,150	Timeline
FMCFMC CORP	14,448	$896K	0.05%	0	Timeline
DUKDUKE ENERGY CORP NEW	7,357	$884K	0.05%	-6,082	Timeline
MCHPMICROCHIP TECHNOLOGY INC.	11,600	$868K	0.05%	0	Timeline
EVRGEVERGY INC	14,000	$857K	0.05%	-8,803	Timeline
GPCGENUINE PARTS CO	5,900	$845K	0.05%	-1	Timeline
FITBFIFTH THIRD BANCORP	19,300	$838K	0.05%	0	Timeline
SYYSYSCO CORP	11,000	$824K	0.05%	0	Timeline
KMBKIMBERLY-CLARK CORP	5,550	$802K	0.05%	0	Timeline
CSXCSX CORP	23,600	$797K	0.04%	+2,600	Timeline
GDGENERAL DYNAMICS CORP	2,579	$794K	0.04%	0	Timeline
CARRCARRIER GLOBAL CORPORATION	9,500	$771K	0.04%	0	Timeline
ROSTROSS STORES INC	5,167	$761K	0.04%	-3,100	Timeline
AMDADVANCED MICRO DEVICES INC	4,819	$758K	0.04%	+300	Timeline
BAXBAXTER INTL INC	20,200	$738K	0.04%	0	Timeline
FISVFISERV INC	3,700	$729K	0.04%	0	Timeline
SHWSHERWIN WILLIAMS CO	1,900	$728K	0.04%	-42	Timeline
MMM3M CO	5,400	$727K	0.04%	-2,180	Timeline
TAT&T INC	32,055	$696K	0.04%	0	Timeline
LNCLINCOLN NATL CORP IND	20,800	$685K	0.04%	0	Timeline
LDOSLEIDOS HOLDINGS INC	4,000	$678K	0.04%	0	Timeline
CARGCARGURUS INC	19,400	$616K	0.03%	0	Timeline
STZCONSTELLATION BRANDS INC	2,530	$606K	0.03%	-1,752	Timeline
DEODIAGEO PLC	4,300	$589K	0.03%	0	Timeline
CMECME GROUP INC	2,470	$561K	0.03%	-1,360	Timeline
NVSNOVARTIS AG	4,700	$544K	0.03%	0	Timeline
METMETLIFE INC	6,312	$536K	0.03%	-263	Timeline
GEVGE VERNOVA INC	1,942	$533K	0.03%	-709	Timeline
HIIHUNTINGTON INGALLS INDS INC	2,000	$522K	0.03%	0	Timeline
SAICSCIENCE APPLICATIONS INTL CO	3,500	$514K	0.03%	0	Timeline
MUMICRON TECHNOLOGY INC	4,700	$510K	0.03%	0	Timeline
RYROYAL BK CDA	4,000	$499K	0.03%	0	Timeline
BIDUBAIDU INC	5,400	$494K	0.03%	0	Timeline
BABAALIBABA GROUP HLDG LTD	4,900	$493K	0.03%	0	Timeline
MPCMARATHON PETE CORP	3,140	$493K	0.03%	0	Timeline
VLOVALERO ENERGY CORP	3,620	$491K	0.03%	-1,200	Timeline
SHELSHELL PLC	7,200	$484K	0.03%	0	Timeline
MKCMCCORMICK & CO INC	6,000	$469K	0.03%	0	Timeline
PBRPETROLEO BRASILEIRO S A	33,200	$463K	0.03%	0	Timeline
KHCKRAFT HEINZ CO	13,042	$461K	0.03%	0	Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWAR	2,900	$454K	0.03%	0	Timeline
LINDE PLC/OLDLINDE PLC/OLD	936	$453K	0.03%	-154
RIORIO TINTO PLC	6,700	$434K	0.02%	-5,035	Timeline
PANWPALO ALTO NETWORKS INC	1,100	$415K	0.02%	new	Timeline
PAYXPAYCHEX INC	2,900	$408K	0.02%	-227	Timeline
APTIV PLCAPTIV PLC	5,700	$402K	0.02%	0
HUMHUMANA INC	1,525	$397K	0.02%	0	Timeline
BPBP PLC	12,400	$391K	0.02%	0	Timeline
VMCVULCAN MATLS CO	1,500	$389K	0.02%	0	Timeline
DLRDIGITAL RLTY TR INC	2,319	$383K	0.02%	0	Timeline
KMIKINDER MORGAN INC DEL	15,337	$380K	0.02%	0	Timeline
PAGPPLAINS GP HLDGS L P	20,000	$366K	0.02%	0	Timeline
QQQINVESCO QQQ TR	740	$366K	0.02%	0	Timeline
IRINGERSOLL RAND INC	3,626	$363K	0.02%	0	Timeline
TROWPRICE T ROWE GROUP INC	3,104	$354K	0.02%	0	Timeline
DHRDANAHER CORP DEL	1,300	$353K	0.02%	-500	Timeline
GLDSPDR GOLD TR	1,400	$352K	0.02%	-75	Timeline
ROKROCKWELL AUTOMATION INC	1,300	$351K	0.02%	0	Timeline
SEESEALED AIR CORP NEW	8,900	$325K	0.02%	0	Timeline
CNICANADIAN NATL RY CO	2,800	$314K	0.02%	0	Timeline
AXONAXON ENTERPRISE INC	700	$310K	0.02%	new	Timeline
EXCEXELON CORP	7,187	$292K	0.02%	0	Timeline
ESEVERSOURCE ENERGY	4,357	$288K	0.02%	0	Timeline
FBINFORTUNE BRANDS INNOVATIONS I	3,200	$282K	0.02%	0	Timeline
BDXBECTON DICKINSON & CO	1,100	$264K	0.01%	0	Timeline
SBUXSTARBUCKS CORP	2,700	$260K	0.01%	-100	Timeline
CIGNA CORPORATIONCIGNA CORPORATION	800	$256K	0.01%	0
KEYSKEYSIGHT TECHNOLOGIES INC	1,600	$253K	0.01%	0	Timeline
IPINTERNATIONAL PAPER CO	5,352	$250K	0.01%	-1,390	Timeline
CEGCONSTELLATION ENERGY CORP	900	$245K	0.01%	new	Timeline
GEHCGE HEALTHCARE TECHNOLOGIES I	2,687	$242K	0.01%	-833	Timeline
APPFAPPFOLIO INC	1,200	$240K	0.01%	0	Timeline
RMDRESMED INC	1,000	$240K	0.01%	-2,000	Timeline
FULTFULTON FINL CORP PA	13,500	$237K	0.01%	new	Timeline
FTVFORTIVE CORP	2,900	$223K	0.01%	0	Timeline
DDDUPONT DE NEMOURS INC	2,621	$222K	0.01%	-1,000	Timeline
OXYOCCIDENTAL PETE CORP	4,114	$214K	0.01%	0	Timeline
ASMLASML HLDG NV	300	$213K	0.01%	0	Timeline
OTISOTIS WORLDWIDE CORP	2,000	$211K	0.01%	new	Timeline
EMNEASTMAN CHEM CO	1,900	$205K	0.01%	new	Timeline
ETENERGY TRANSFER L P	12,300	$202K	0.01%	0	Timeline
FDXFEDEX CORP	750	$201K	0.01%	-100	Timeline
LEVILEVI STRAUSS & CO NEW	10,000	$187K	0.01%	0	Timeline
SNAPSNAP INC	11,500	$119K	0.01%	0	Timeline
LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC	19,313	$15.8K	<0.01%	0

Sold out in Q3 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
COFCAPITAL ONE FINL CORP	62,184	$8.61M	shares
MNSTMONSTER BEVERAGE CORP NEW	55,400	$2.77M	shares
LULULULULEMON ATHLETICA INC	4,500	$1.34M	shares
GTYGETTY RLTY CORP NEW	34,690	$925K	shares
VALEVALE S A	41,225	$460K	shares
NXPINXP SEMICONDUCTORS N V	800	$215K	shares

How Q3 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001161670-24-000004	base		2024-10-23	acceptance time not in the bulk data set	2026-10-07 18:26:56 UTC