CULLINAN ASSOCIATES INC

13F filer, CIK 1161670, LOUISVILLE, KY

CULLINAN ASSOCIATES INC reported $1,557,912,359 across 217 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-01-24. Its ten largest share positions make up 43.27% of the portfolio.

Filed 2025-01-24 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:55 UTC13F-HR 0001161670-25-000001

Period: 2024-12-31
Reported value: $1.56B
Holdings: 217
Top 10 weight: 43.27%
New: 2
Sold out: 17

Largest buys vs the previous quarter

Security	Shares change	Approx. value
KOadded	+78,048	$4.86M
CMEadded	+15,177	$3.52M
DUKadded	+19,184	$2.07M
ECLadded	+6,791	$1.59M
MSTRadded	+5,000	$1.45M

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	-421,121	-$38M
AAPLreduced	-97,556	-$24.4M
MSFTreduced	-21,056	-$8.88M
GILDreduced	-85,844	-$7.93M
AMZNreduced	-26,540	-$5.82M

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, Q4 2024

Share positions as resolved from 13F-HR 0001161670-25-000001, largest first. % of portfolio is the value over $1,557,912,359, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
AAPLAPPLE INC	656,812	$164M	10.56%	-97,556	Timeline
KOCOCA COLA CO	1,371,065	$85.4M	5.48%	+78,048	Timeline
COINCOINBASE GLOBAL INC	302,725	$75.2M	4.82%	-200	Timeline
MSFTMICROSOFT CORP	175,128	$73.8M	4.74%	-21,056	Timeline
WMTWALMART INC	796,400	$72M	4.62%	-421,121	Timeline
SPGIS&P GLOBAL INC	125,945	$62.7M	4.03%	-1,795	Timeline
PGPROCTER & GAMBLE CO	262,014	$43.9M	2.82%	-19,543	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	66,589	$39M	2.51%	-2,452	Timeline
AMZNAMAZON COM INC	134,844	$29.6M	1.9%	-26,540	Timeline
XOMEXXON MOBIL CORP	260,590	$28M	1.8%	-40,128	Timeline
JNJJOHNSON & JOHNSON	193,458	$28M	1.8%	-28,547	Timeline
IBMINTERNATIONAL BUSINESS MACHS	122,755	$27M	1.73%	-13,628	Timeline
GOOGLALPHABET INC	137,422	$26M	1.67%	-16,881	Timeline
GOOGALPHABET INC	115,861	$22.1M	1.42%	-11,300	Timeline
VVISA INC	68,314	$21.6M	1.39%	-6,295	Timeline
VRTXVERTEX PHARMACEUTICALS INC	53,162	$21.4M	1.37%	-1,500	Timeline
LOWLOWES COS INC	84,966	$21M	1.35%	-11,825	Timeline
EAELECTRONIC ARTS INC	138,943	$20.3M	1.3%	-28,638	Timeline
CVXCHEVRON CORPORATION	140,017	$20.3M	1.3%	-34,194	Timeline
MCDMCDONALDS CORP	69,304	$20.1M	1.29%	-12,104	Timeline
JPMJPMORGAN CHASE & CO	83,142	$19.9M	1.28%	-8,710	Timeline
ORCLORACLE CORP	117,927	$19.7M	1.26%	-20,321	Timeline
NVDANVIDIA CORPORATION	130,154	$17.5M	1.12%	-39,500	Timeline
TXNTEXAS INSTRS INC	89,290	$16.7M	1.07%	-9,840	Timeline
ABBVABBVIE INC	93,777	$16.7M	1.07%	-15,625	Timeline
AXPAMERICAN EXPRESS CO	53,101	$15.8M	1.01%	-8,047	Timeline
ABNBAIRBNB INC	117,683	$15.5M	0.99%	-2,220	Timeline
METAMETA PLATFORMS INC	25,725	$15.1M	0.97%	-759	Timeline
QLYSQUALYS INC	102,800	$14.4M	0.93%	-955	Timeline
AFLAFLAC INC	126,357	$13.1M	0.84%	-2,573	Timeline
CATCATERPILLAR INC	35,043	$12.7M	0.82%	-5,473	Timeline
COSTCOSTCO WHOLESALE CORPORATION	12,883	$11.8M	0.76%	-3,634	Timeline
AMATAPPLIED MATLS INC	68,574	$11.2M	0.72%	-20,008	Timeline
HDHOME DEPOT INC	27,931	$10.9M	0.7%	-1,029	Timeline
UPSUNITED PARCEL SVCS INC	83,426	$10.5M	0.68%	-12,495	Timeline
LMTLOCKHEED MARTIN CORP	21,542	$10.5M	0.67%	-4,632	Timeline
TSLATESLA INC	25,200	$10.2M	0.65%	-2,400	Timeline
EMREMERSON ELEC CO	79,813	$9.89M	0.63%	-13,700	Timeline
GSGOLDMAN SACHS GROUP INC	17,204	$9.85M	0.63%	-3,612	Timeline
WSTWEST PHARMACEUTICAL SVSC INC	30,000	$9.83M	0.63%	0	Timeline
AMGNAMGEN INC	36,034	$9.39M	0.6%	-11,869	Timeline
UNHUNITEDHEALTH GROUP INC	18,498	$9.36M	0.6%	+950	Timeline
DEDEERE & CO	20,839	$8.83M	0.57%	-5,083	Timeline
DISDISNEY WALT CO	73,522	$8.19M	0.53%	-5,635	Timeline
TJXTJX COS INC NEW	63,701	$7.7M	0.49%	-16,345	Timeline
NYTNEW YORK TIMES CO MTN BE	137,457	$7.15M	0.46%	-24,491	Timeline
LAM RESEARCH CORPLAM RESEARCH CORP	97,000	$7.01M	0.45%	0
Berkshire Hathaway Cl BBerkshire Hathaway Cl B	15,437	$7M	0.45%	-260
LLYELI LILLY & CO	9,055	$6.99M	0.45%	-311	Timeline
HPQHP INC	210,864	$6.88M	0.44%	-3,661	Timeline
ITWILLINOIS TOOL WKS INC	26,927	$6.83M	0.44%	-7,696	Timeline
TFCTRUIST FINL CORP	153,037	$6.64M	0.43%	+200	Timeline
KLACKLA CORP	10,120	$6.38M	0.41%	-2,329	Timeline
PRUPRUDENTIAL FINL INC	53,743	$6.37M	0.41%	-6,189	Timeline
SOSOUTHERN CO	76,814	$6.32M	0.41%	-54,885	Timeline
CRMSALESFORCE INC	18,586	$6.21M	0.4%	+190	Timeline
UBERUBER TECHNOLOGIES INC	100,519	$6.06M	0.39%	0	Timeline
DTDYNATRACE INC	109,000	$5.92M	0.38%	-9,036	Timeline
ECLECOLAB INC	23,914	$5.6M	0.36%	+6,791	Timeline
AESIATLAS ENERGY SOLUTIONS INC	252,000	$5.59M	0.36%	0	Timeline
PMPHILIP MORRIS INTL INC	44,220	$5.32M	0.34%	-1,030	Timeline
CSCOCISCO SYS INC	87,712	$5.19M	0.33%	+6,880	Timeline
ADBEADOBE INC	11,597	$5.16M	0.33%	-7,898	Timeline
MSMORGAN STANLEY	39,193	$4.93M	0.32%	-6,290	Timeline
CMCSACOMCAST CORP NEW	125,690	$4.72M	0.3%	-5,396	Timeline
WSMWILLIAMS SONOMA INC	25,400	$4.7M	0.3%	-1,000	Timeline
CLCOLGATE PALMOLIVE CO	50,439	$4.59M	0.29%	-4,300	Timeline
NSCNORFOLK SOUTHN CORP	19,500	$4.58M	0.29%	-700	Timeline
MRKMERCK & CO INC	44,878	$4.46M	0.29%	-1,390	Timeline
ABTABBOTT LABORATORIES	38,994	$4.41M	0.28%	-4,800	Timeline
TEAMATLASSIAN CORPORATION	18,017	$4.38M	0.28%	-100	Timeline
TRVTRAVELERS COMPANIES INC	17,849	$4.3M	0.28%	-2,608	Timeline
VOOVANGUARD INDEX FDS	7,830	$4.22M	0.27%	-811	Timeline
UNPUNION PAC CORP	18,170	$4.14M	0.27%	-1,700	Timeline
CMECME GROUP INC	17,647	$4.1M	0.26%	+15,177	Timeline
BMYBRISTOL-MYERS SQUIBB CO	71,604	$4.05M	0.26%	-20,628	Timeline
CHRWC H ROBINSON WORLDWIDE IN	39,050	$4.03M	0.26%	-1,050	Timeline
PEPPEPSICO INC	26,393	$4.01M	0.26%	-2,400	Timeline
YUMYUM BRANDS INC	29,837	$4M	0.26%	-12,883	Timeline
MDTMEDTRONIC PLC	48,186	$3.85M	0.25%	-8,378	Timeline
FASTFASTENAL CO	53,376	$3.84M	0.25%	-1,170	Timeline
CMICUMMINS INC	10,570	$3.68M	0.24%	-2,745	Timeline
QCOMQUALCOMM INC	23,721	$3.64M	0.23%	+3,709	Timeline
AMTAMERICAN TOWER CORP	19,321	$3.54M	0.23%	-3,042	Timeline
PLDPROLOGIS INC.	32,505	$3.44M	0.22%	-25,523	Timeline
ADPAUTOMATIC DATA PROCESSING IN	10,800	$3.16M	0.2%	-100	Timeline
WFCWELLS FARGO & CO	42,245	$2.97M	0.19%	-1,900	Timeline
ACNACCENTURE PLC IRELAND	8,324	$2.93M	0.19%	-963	Timeline
MSTRSTRATEGY INC	10,000	$2.9M	0.19%	+5,000	Timeline
IWFISHARES TR	7,200	$2.89M	0.19%	0	Timeline
DUKDUKE ENERGY CORP NEW	26,541	$2.86M	0.18%	+19,184	Timeline
RTXRTX CORPORATION	24,533	$2.84M	0.18%	-2,300	Timeline
BACBANK OF AMER CORP	63,425	$2.79M	0.18%	-3,900	Timeline
OKTAOKTA INC	34,900	$2.75M	0.18%	0	Timeline
MDLZMONDELEZ INTL INC	45,734	$2.73M	0.18%	-2,519	Timeline
GTLBGITLAB INC	47,000	$2.65M	0.17%	0	Timeline
NOCNORTHROP GRUMMAN CORP	5,550	$2.6M	0.17%	-631	Timeline
ROPROPER TECHNOLOGIES INC	5,000	$2.6M	0.17%	0	Timeline
MAMASTERCARD INCORPORATED	4,900	$2.58M	0.17%	-800	Timeline
ISRGINTUITIVE SURGICAL INC	4,900	$2.56M	0.16%	0	Timeline
Crown CastleCrown Castle	28,159	$2.56M	0.16%	0
BSXBOSTON SCIENTIFIC CORP	27,400	$2.45M	0.16%	-1,600	Timeline
AVGOBROADCOM INC	9,500	$2.2M	0.14%	-4,089	Timeline
COPCONOCOPHILLIPS	22,132	$2.19M	0.14%	-847	Timeline
SYKSTRYKER CORPORATION	5,925	$2.13M	0.14%	-1,440	Timeline
HONHONEYWELL INTL INC	9,408	$2.13M	0.14%	0	Timeline
NOWSERVICENOW INC	2,000	$2.12M	0.14%	-100	Timeline
NEENEXTERA ENERGY INC	28,604	$2.05M	0.13%	0	Timeline
ADIANALOG DEVICES INC	9,326	$1.98M	0.13%	-6,759	Timeline
SWKSTANLEY BLACK & DECKER INC	24,600	$1.98M	0.13%	-1,212	Timeline
PYPLPAYPAL HLDGS INC	21,415	$1.83M	0.12%	-7,300	Timeline
USBUS BANCORP	37,918	$1.81M	0.12%	+1,800	Timeline
CVSCVS HEALTH CORP	39,618	$1.78M	0.11%	-83,064	Timeline
BXBLACKSTONE INC	10,100	$1.74M	0.11%	-16,342	Timeline
INTUINTUIT	2,770	$1.74M	0.11%	-1,940	Timeline
WELLWELLTOWER INC	13,517	$1.7M	0.11%	-1,638	Timeline
PFEPFIZER INC	63,254	$1.68M	0.11%	-1,650	Timeline
MOALTRIA GROUP INC	31,427	$1.64M	0.11%	-750	Timeline
INTCINTEL CORP	80,138	$1.61M	0.1%	-8,851	Timeline
HIMSHIMS & HERS HEALTH INC	63,100	$1.53M	0.1%	-100	Timeline
GILDGILEAD SCIENCES INC	15,141	$1.4M	0.09%	-85,844	Timeline
ETNEATON CORP PLC	4,175	$1.39M	0.09%	-97	Timeline
BROBROWN & BROWN INC	13,000	$1.33M	0.09%	0	Timeline
FSLRFIRST SOLAR INC	7,500	$1.32M	0.08%	0	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	2,300	$1.2M	0.08%	0	Timeline
DASHDOORDASH INC	7,000	$1.17M	0.08%	-5,000	Timeline
BABOEING CO	6,575	$1.16M	0.07%	-400	Timeline
NFLXNETFLIX INC.	1,300	$1.16M	0.07%	0	Timeline
DDOMINION ENERGY INC	21,078	$1.14M	0.07%	0	Timeline
PSXPHILLIPS 66	9,739	$1.11M	0.07%	-500	Timeline
EFXEQUIFAX INC	4,250	$1.08M	0.07%	0	Timeline
GEGE AEROSPACE	6,214	$1.04M	0.07%	-2,251	Timeline
PGRPROGRESSIVE CORP	4,000	$958K	0.06%	0	Timeline
AAGILENT TECHNOLOGIES INC	7,000	$940K	0.06%	0	Timeline
BLACKROCK INCBLACKROCK INC	916	$939K	0.06%	-200
PNCPNC FINL SVCS GROUP INC	4,862	$938K	0.06%	-500	Timeline
EWEDWARDS LIFESCIENCES CORP	12,600	$933K	0.06%	-1,311	Timeline
UBSUBS GROUP AG	29,000	$879K	0.06%	0	Timeline
AZNASTRAZENECA PLC-SPONS ADR	13,026	$853K	0.05%	0	Timeline
SCHWCHARLES SCHWAB CORP (THE)	11,500	$851K	0.05%	-1,800	Timeline
SYYSYSCO CORP	11,000	$841K	0.05%	0	Timeline
ZTSZOETIS INC	4,900	$798K	0.05%	0	Timeline
DOWDOW HLDGS INC	19,772	$793K	0.05%	-39,906	Timeline
FITBFIFTH THIRD BANCORP	18,400	$778K	0.05%	-900	Timeline
TTTRANE TECHNOLOGIES PLC	2,100	$776K	0.05%	-715	Timeline
VZVERIZON COMMUNICATIONS INC	19,050	$762K	0.05%	-1,500	Timeline
NKENIKE INC	10,020	$758K	0.05%	-4,335	Timeline
NVONOVO-NORDISK A S	8,675	$746K	0.05%	-325	Timeline
NUENUCOR CORP	6,369	$743K	0.05%	0	Timeline
CARGCARGURUS INC	19,400	$709K	0.05%	0	Timeline
FMCFMC CORP	14,448	$702K	0.05%	0	Timeline
GPCGENUINE PARTS CO	5,900	$689K	0.04%	0	Timeline
GDGENERAL DYNAMICS CORP	2,579	$680K	0.04%	0	Timeline
KMBKIMBERLY-CLARK CORP	5,100	$668K	0.04%	-450	Timeline
LNCLINCOLN NATL CORP IND	20,800	$660K	0.04%	0	Timeline
TAT&T INC	28,855	$657K	0.04%	-3,200	Timeline
CARRCARRIER GLOBAL CORPORATION	9,500	$648K	0.04%	0	Timeline
SHWSHERWIN WILLIAMS CO	1,900	$646K	0.04%	0	Timeline
MMM3M CO	4,900	$633K	0.04%	-500	Timeline
MCHPMICROCHIP TECHNOLOGY INC.	10,900	$625K	0.04%	-700	Timeline
GEVGE VERNOVA INC	1,800	$592K	0.04%	-142	Timeline
AMDADVANCED MICRO DEVICES INC	4,819	$582K	0.04%	0	Timeline
LDOSLEIDOS HOLDINGS INC	4,000	$576K	0.04%	0	Timeline
CSXCSX CORP	17,600	$568K	0.04%	-6,000	Timeline
ROSTROSS STORES INC	3,667	$555K	0.04%	-1,500	Timeline
BAXBAXTER INTL INC	18,700	$545K	0.04%	-1,500	Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWAR	2,900	$534K	0.03%	0	Timeline
QQQINVESCO QQQ TR	1,043	$533K	0.03%	+303	Timeline
METMETLIFE INC	6,312	$517K	0.03%	0	Timeline
MKCMCCORMICK & CO INC	6,000	$457K	0.03%	0	Timeline
NVSNOVARTIS AG	4,700	$457K	0.03%	0	Timeline
BIDUBAIDU INC	5,400	$455K	0.03%	0	Timeline
PBRPETROLEO BRASILEIRO S A	33,200	$427K	0.03%	0	Timeline
VLOVALERO ENERGY CORP	3,420	$419K	0.03%	-200	Timeline
DLRDIGITAL RLTY TR INC	2,319	$411K	0.03%	0	Timeline
RYROYAL BK CDA	3,400	$410K	0.03%	-600	Timeline
CTVACORTEVA INC	7,159	$408K	0.03%	-10,600	Timeline
MUMICRON TECHNOLOGY INC	4,700	$396K	0.03%	0	Timeline
DEODIAGEO PLC	3,100	$394K	0.03%	-1,200	Timeline
KHCKRAFT HEINZ CO	12,742	$391K	0.03%	-300	Timeline
SAICSCIENCE APPLICATIONS INTL CO	3,500	$391K	0.03%	0	Timeline
HUMHUMANA INC	1,525	$387K	0.02%	0	Timeline
HIIHUNTINGTON INGALLS INDS INC	2,000	$378K	0.02%	0	Timeline
ROKROCKWELL AUTOMATION INC	1,300	$372K	0.02%	0	Timeline
PAGPPLAINS GP HLDGS L P	20,000	$368K	0.02%	0	Timeline
APTIV PLCAPTIV PLC	5,700	$345K	0.02%	0
MPCMARATHON PETE CORP	2,460	$343K	0.02%	-680	Timeline
LINDE PLC/OLDLINDE PLC/OLD	816	$342K	0.02%	-120
GLDSPDR GOLD TR	1,400	$339K	0.02%	0	Timeline
IRINGERSOLL RAND INC	3,601	$326K	0.02%	-25	Timeline
SHELSHELL PLC	5,100	$320K	0.02%	-2,100	Timeline
FULTFULTON FINL CORP PA	16,000	$308K	0.02%	+2,500	Timeline
PLTRPALANTIR TECHNOLOGIES INC	4,000	$303K	0.02%	new	Timeline
SEESEALED AIR CORP NEW	8,900	$301K	0.02%	0	Timeline
DHRDANAHER CORP DEL	1,300	$298K	0.02%	0	Timeline
AXONAXON ENTERPRISE INC	500	$297K	0.02%	-200	Timeline
APPFAPPFOLIO INC	1,200	$296K	0.02%	0	Timeline
TROWPRICE T ROWE GROUP INC	2,600	$294K	0.02%	-504	Timeline
STZCONSTELLATION BRANDS INC	1,330	$294K	0.02%	-1,200	Timeline
PANWPALO ALTO NETWORKS INC	1,600	$291K	0.02%	+500	Timeline
KMIKINDER MORGAN INC DEL	10,500	$288K	0.02%	-4,837	Timeline
CNICANADIAN NATL RY CO	2,800	$284K	0.02%	0	Timeline
VMCVULCAN MATLS CO	1,100	$283K	0.02%	-400	Timeline
KEYSKEYSIGHT TECHNOLOGIES INC	1,600	$257K	0.02%	0	Timeline
HOODROBINHOOD MKTS INC	6,800	$253K	0.02%	new	Timeline
IPINTERNATIONAL PAPER CO	4,654	$250K	0.02%	-698	Timeline
BDXBECTON DICKINSON & CO	1,100	$250K	0.02%	0	Timeline
ETENERGY TRANSFER L P	12,300	$241K	0.02%	0	Timeline
PAYXPAYCHEX INC	1,636	$229K	0.01%	-1,264	Timeline
RMDRESMED INC	1,000	$229K	0.01%	0	Timeline
BPBP PLC	7,600	$225K	0.01%	-4,800	Timeline
CIGNA CORPORATIONCIGNA CORPORATION	800	$221K	0.01%	0
FBINFORTUNE BRANDS INNOVATIONS I	3,200	$219K	0.01%	0	Timeline
FDXFEDEX CORP	750	$211K	0.01%	0	Timeline
ASMLASML HLDG NV	300	$208K	0.01%	0	Timeline
LEVILEVI STRAUSS & CO NEW	10,000	$173K	0.01%	0	Timeline
SNAPSNAP INC	11,500	$124K	0.01%	0	Timeline

Sold out in Q4 2024

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

Security	Shares before	Value before	Type
GLWCORNING INC	83,574	$3.92M	shares
IWRISHARES TR	11,600	$1.04M	shares
EVRGEVERGY INC	14,000	$857K	shares
FISVFISERV INC	3,700	$729K	shares
BABAALIBABA GROUP HLDG LTD	4,900	$493K	shares
RIORIO TINTO PLC	6,700	$434K	shares
EXCEXELON CORP	7,187	$292K	shares
ESEVERSOURCE ENERGY	4,357	$288K	shares
SBUXSTARBUCKS CORP	2,700	$260K	shares
CEGCONSTELLATION ENERGY CORP	900	$245K	shares
GEHCGE HEALTHCARE TECHNOLOGIES I	2,687	$242K	shares
FTVFORTIVE CORP	2,900	$223K	shares
DDDUPONT DE NEMOURS INC	2,621	$222K	shares
OXYOCCIDENTAL PETE CORP	4,114	$214K	shares
OTISOTIS WORLDWIDE CORP	2,000	$211K	shares
EMNEASTMAN CHEM CO	1,900	$205K	shares
LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC	19,313	$15.8K	shares

How Q4 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 0001161670-25-000001	base		2025-01-24	acceptance time not in the bulk data set	2026-10-07 18:25:55 UTC