Culbertson A N & Co. Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 16, 2025), Culbertson A N & Co. Inc. reported 125 stock positions worth $628.7 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 7.9% of the portfolio, followed by Apple (AAPL, 7.6%) and Microsoft (MSFT, 5.8%). Compared with Q3 2024, it opened 2 new positions, sold out of 2, added to 43 and reduced 56. The biggest buy was Goldman Sachs (GS, shares +0%) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
Charlottesville, VA
CIK
0001224890
Portfolio Value
$628.7M (Q4 2024)
SEC Filing
0001172661-25-000223 ↗ filed Jan 16, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $579.3M Q1 2024 Q2 2024: $572.6M Q2 2024 Q3 2024: $621.1M Q3 2024 Q4 2024: $628.7M $628.7M Q4 2024 Q1 2025: $626.0M Q1 2025 Q2 2025: $651.3M Q2 2025 Q3 2025: $706.6M Q3 2025 Q4 2025: $728.9M Q4 2025 Q1 2026: $770.9M Q1 2026 Q2 2026: $858.7M Q2 2026

Holdings 125 stocks · $628.7M
BRK.B Berkshire Hathaway Inc. Class B 7.89% 109,408 $49.6M Add +0.5%
AAPL Apple Inc. 7.60% 190,854 $47.8M Reduce -3.3%
MSFT Microsoft Corp. 5.81% 86,698 $36.5M Reduce -1.3%
JPM JPMorgan Chase & Co. 4.49% 117,847 $28.2M Reduce -1.6%
GS Goldman Sachs Group Inc. 2.56% 28,062 $16.1M Add +0.2%
IWR iShares Russell Mid-Cap ETF 2.41% 171,706 $15.2M Reduce -0.0%
CAT Caterpillar Inc. 2.41% 41,760 $15.1M Add +0.9%
GOOG Alphabet Inc. Class C 2.11% 69,722 $13.3M Reduce -0.7%
ORCL Oracle Corp. 2.10% 79,223 $13.2M Reduce -0.9%
ABBV Abbvie Inc. 2.00% 70,718 $12.6M Reduce -0.1%
CMI Cummins Inc. 1.99% 35,857 $12.5M Reduce -0.3%
MCK McKesson Corp. 1.93% 21,316 $12.1M Reduce -0.9%
VTI VG Morningstar TS MKT ETF-US 1.89% 41,014 $11.9M Add +0.3%
MCD McDonald's Corp. 1.76% 38,155 $11.1M Reduce -0.3%
JNJ Johnson & Johnson 1.72% 74,871 $10.8M Add +0.8%
PG The Procter & Gamble Co. 1.69% 63,291 $10.6M Reduce -0.2%
ABT Abbott Laboratories 1.66% 92,209 $10.4M Reduce -0.2%
DE Deere & Co. 1.63% 24,202 $10.3M Add +1.1%
PEP Pepsico Inc. 1.58% 65,245 $9.9M Add +4.0%
VB Vanguard Most SM-Cap ETF-Usd 1.51% 39,470 $9.5M No change
CVX Chevron Corp. 1.43% 62,087 $9.0M Add +7.8%
FDX FedEx Corp. 1.41% 31,462 $8.9M Reduce -0.2%
IWM iShares Russell 2000 ETF 1.38% 39,344 $8.7M Reduce -0.1%
BSV Vanguard Short-Term Bond ETF 1.25% 101,996 $7.9M Add +1.4%
APD Air Products & Chemicals Inc. 1.22% 26,450 $7.7M Add +0.1%
XOM Exxon Mobil Corp. 1.21% 70,431 $7.6M Add +2.0%
VGT Vanguard Info Tech ETF 1.20% 12,165 $7.6M Reduce -5.7%
ADP Automatic Data Processing 1.17% 25,063 $7.3M Reduce -0.4%
V Visa Inc. Class A 1.08% 21,467 $6.8M No change
GOOGL Alphabet Inc. Class A 1.04% 34,390 $6.5M Add +5.6%
CSCO Cisco Systems Inc. 1.00% 106,437 $6.3M Reduce -0.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.00% 23,827 $6.3M Add +0.0%
UNH Unitedhealth Group Inc. 0.97% 12,009 $6.1M Reduce -0.9%
AMZN Amazon.com Inc. 0.96% 27,462 $6.0M Add +1.1%
OEF iShares S&P 100 ETF 0.86% 18,649 $5.4M Reduce -10.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.85% 13,085 $5.4M Add +1.2%
WFC Wells Fargo & Co. 0.80% 71,406 $5.0M Add +7.9%
TRV The Travelers Cos Inc. 0.79% 20,583 $5.0M No change
TXN Texas Instruments Inc. 0.77% 25,759 $4.8M Reduce -0.1%
MDLZ Mondelez International Inc. Class A 0.76% 80,054 $4.8M Reduce -0.7%
USB US Bancorp 0.76% 99,505 $4.8M Add +1.9%
BN Brookfield Corp. 0.75% 82,201 $4.7M Reduce -0.3%
VGSH Vanguard Short-Term Treasury 0.71% 76,516 $4.5M Add +15.3%
GLW Corning Inc. 0.69% 91,379 $4.3M Reduce -0.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.64% 23,634 $4.0M Add +0.3%
EOG EOG Resources Inc. 0.63% 32,403 $4.0M Add +3.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.58% 18,254 $3.6M Add +8.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.57% 82,177 $3.6M Reduce -0.6%
UPS United Parcel Service Class B 0.57% 28,416 $3.6M Add +1.6%
VYM Vanguard High DVD Yield ETF 0.57% 28,053 $3.6M Reduce -0.8%
EES Wisdomtree US Smallcap Fund 0.54% 63,414 $3.4M Reduce -0.3%
MS Morgan Stanley 0.52% 26,039 $3.3M Reduce -2.0%
VCSH Vanguard S/T Corp. Bond ETF 0.47% 38,102 $3.0M Reduce -4.6%
EZM Wisdomtree US Midcap Fund 0.46% 46,387 $2.9M Reduce -0.1%
MTB M & T Bank Corp. filed as M & T BK CORP 0.44% 14,758 $2.8M Add +11.2%
C Citigroup Inc. 0.44% 39,014 $2.7M Add +14.9%
HSY The Hershey Co. 0.43% 15,877 $2.7M Reduce -7.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.41% 11,731 $2.6M Reduce -3.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.39% 22,176 $2.5M Reduce -9.0%
IJR iShares Core S&P Small-Cap E 0.38% 20,756 $2.4M Add +1.8%
CLX Clorox Company 0.37% 14,362 $2.3M Add +52.1%
GIS General Mills Inc. 0.35% 34,672 $2.2M Reduce -0.1%
MMM 3M Co. 0.35% 17,032 $2.2M Reduce -1.1%
TFC Truist Financial Corp. 0.34% 49,703 $2.2M Add +5.9%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.33% 12,791 $2.1M Add +5.0%
COF Capital One Financial Corp. 0.33% 11,460 $2.0M No change
VOO Vanguard S&P 500 ETF 0.32% 3,790 $2.0M Reduce -8.7%
BLK BlackRock Inc. 0.32% 1,983 $2.0M Reduce -0.5%
SBUX Starbucks Corp. 0.32% 21,958 $2.0M Reduce -5.7%
BND Vanguard Total Bond Market 0.32% 27,689 $2.0M Reduce -0.6%
VZ Verizon Communications Inc. 0.31% 49,482 $2.0M Reduce -11.5%
MKL Markel Group Inc. 0.31% 1,146 $2.0M Add +85.4%
VXUS Vanguard Total Intl Stock 0.29% 31,150 $1.8M Add +11.8%
DLN Wisdomtree US Largecap Divid 0.28% 22,860 $1.8M No change
AGG iShares Core U.S. Aggregate 0.28% 18,060 $1.8M Reduce -2.8%
CVS CVS Health Corp. 0.28% 38,867 $1.7M Reduce -19.8%
T AT&T Inc. 0.27% 74,670 $1.7M Reduce -3.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.26% 2,826 $1.7M No change
ERIE Erie Indemnity Company Class A 0.26% 4,013 $1.7M No change
HD Home Depot Inc. 0.26% 4,127 $1.6M Reduce -1.4%
DON Wisdomtree US Midcap Dividen 0.25% 30,553 $1.6M Reduce -0.6%
VTEB Vanguard Tax-Exempt Bond ETF 0.25% 30,800 $1.5M Add +6.9%
MA Mastercard Inc. Class A 0.24% 2,820 $1.5M Reduce -0.3%
IJH iShares Core S&P Midcap ETF 0.21% 21,605 $1.3M Add +0.2%
PFF iShares Preferred & Income S 0.19% 38,970 $1.2M Reduce -8.1%
AXP American Express Co. 0.18% 3,913 $1.2M No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.18% 10,472 $1.2M Reduce -6.1%
LOW Lowe's Cos Inc. 0.18% 4,598 $1.1M Reduce -1.1%
DVN Devon Energy Corp. 0.17% 32,611 $1.1M Add +36.4%
KO The Coca-Cola Co. 0.17% 17,109 $1.1M Add +0.6%
JCI Johnson Controls Internation 0.16% 13,117 $1.0M Reduce -0.1%
UNP Union Pacific Corp. 0.14% 3,940 $898K Add +0.8%
WMT Walmart Inc. 0.14% 9,712 $877K No change
IVV iShares Core S&P 500 ETF 0.14% 1,450 $854K Reduce -5.9%
D Dominion Energy Inc. 0.13% 15,582 $839K Reduce -11.7%
IWN iShares Russell 2000 Value E 0.13% 5,006 $822K Add +0.8%
ADBE Adobe Inc. 0.12% 1,725 $767K Add +0.9%
STT State Street Corp. 0.12% 7,807 $766K No change
BAM Brookfield Asset Mgmt-A 0.12% 14,105 $764K No change
IVW iShares S&P 500 Growth ETF 0.12% 7,372 $748K No change
RSP Invesco S&P 500 Equal Weight 0.11% 3,971 $696K Add +126.7%
K Kellanova 0.11% 8,372 $678K Reduce -17.7%
COST Costco Wholesale Corp. 0.11% 727 $666K Reduce -4.6%
ZBH Zimmer Biomet Holdings Inc. 0.10% 5,998 $634K Add +3.2%
PFE Pfizer Inc. 0.09% 22,485 $597K Add +3.2%
EFA iShares MSCI Eafe ETF 0.09% 7,158 $541K No change
VIG Vanguard Dividend Apprec ETF 0.09% 2,757 $540K No change
AMGN Amgen Inc. 0.08% 1,853 $483K Reduce -1.1%
QQQ Invesco QQQ Trust Series 1 0.08% 937 $479K No change
ITOT iShares Core S&P Total U.S. 0.08% 3,695 $475K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.07% 11,626 $446K Add +34.8%
VUSB Vanguard Ultra Short Bond Et 0.07% 8,600 $427K No change
KVUE Kenvue Inc. 0.06% 16,500 $352K Add +1.2%
VCIT Vanguard Int-Term Corporate 0.05% 4,280 $344K Add +7.5%
SCHB Schwab US Broad Market ETF 0.05% 15,000 $341K No change
BX Blackstone Inc. 0.05% 1,800 $310K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.05% 1,190 $302K No change
LSTR Landstar System Inc. 0.05% 1,700 $292K No change
CMCSA Comcast Corp. Class A 0.05% 7,704 $289K Reduce -21.4%
KHC The Kraft Heinz Co. 0.04% 9,150 $281K No change
MKC.V McCormick & Co. Inc. VTG Com 0.04% 3,185 $243K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.04% 2,645 $242K New
LLY Eli Lilly & Co. 0.04% 312 $241K Reduce -18.8%
MOAT Vaneck Morningstar Wide Moat 0.03% 2,269 $210K New
GE General Electric filed as GE AEROSPACE 0.03% 1,206 $201K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $12K (not counted above)
SecurityClassShares / PrincipalValueChange
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) DEB 4.000%11/1 · principal 40,000$12KNo change

Total filed on the 13F, all lines: $628.7M.

Portfolio Sells Q3 2024 → Q4 2024
MSFT Microsoft Corp. Reduce -1.3% 5.81% −0.27
ABBV Abbvie Inc. Reduce -0.1% 2.00% −0.25
CVS CVS Health Corp. Reduce -19.8% 0.28% −0.21
MDLZ Mondelez International Inc. Class A Reduce -0.7% 0.76% −0.20
UNH Unitedhealth Group Inc. Reduce -0.9% 0.97% −0.17
MCD McDonald's Corp. Reduce -0.3% 1.76% −0.12
HSY The Hershey Co. Reduce -7.5% 0.43% −0.10
ORCL Oracle Corp. Reduce -0.9% 2.10% −0.09
TXN Texas Instruments Inc. Reduce -0.1% 0.77% −0.09
VZ Verizon Communications Inc. Reduce -11.5% 0.31% −0.09
PG The Procter & Gamble Co. Reduce -0.2% 1.69% −0.08
OEF iShares S&P 100 ETF Reduce -10.3% 0.86% −0.07
GIS General Mills Inc. Reduce -0.1% 0.35% −0.06
SBUX Starbucks Corp. Reduce -5.7% 0.32% −0.05
VCSH Vanguard S/T Corp. Bond ETF Reduce -4.6% 0.47% −0.04
ABT Abbott Laboratories Reduce -0.2% 1.66% −0.04
BIIB Biogen Inc. Sold out 0.00% −0.04
DWM Wisdomtree International Equ Sold out 0.00% −0.03
SJM The JM Smucker Co. Reduce -6.1% 0.18% −0.03
PFF iShares Preferred & Income S Reduce -8.1% 0.19% −0.03
D Dominion Energy Inc. Reduce -11.7% 0.13% −0.03
MMM 3M Co. Reduce -1.1% 0.35% −0.03
VOO Vanguard S&P 500 ETF Reduce -8.7% 0.32% −0.03
AGG iShares Core U.S. Aggregate Reduce -2.8% 0.28% −0.02
K Kellanova Reduce -17.7% 0.11% −0.02
IWR iShares Russell Mid-Cap ETF Reduce -0.0% 2.41% −0.02
IBM Intl Business Machines Corp. Reduce -3.5% 0.41% −0.02
LOW Lowe's Cos Inc. Reduce -1.1% 0.18% −0.02
AMGN Amgen Inc. Reduce -1.1% 0.08% −0.02
BND Vanguard Total Bond Market Reduce -0.6% 0.32% −0.02
CMCSA Comcast Corp. Class A Reduce -21.4% 0.05% −0.02
IWM iShares Russell 2000 ETF Reduce -0.1% 1.38% −0.02
HD Home Depot Inc. Reduce -1.4% 0.26% −0.02
LLY Eli Lilly & Co. Reduce -18.8% 0.04% −0.02
VGT Vanguard Info Tech ETF Reduce -5.7% 1.20% −0.02
VYM Vanguard High DVD Yield ETF Reduce -0.8% 0.57% −0.01
IVV iShares Core S&P 500 ETF Reduce -5.9% 0.14% −0.01
DON Wisdomtree US Midcap Dividen Reduce -0.6% 0.25% −0.01
EZM Wisdomtree US Midcap Fund Reduce -0.1% 0.46% −0.00
T AT&T Inc. Reduce -3.5% 0.27% −0.00
COST Costco Wholesale Corp. Reduce -4.6% 0.11% −0.00
JCI Johnson Controls Internation Reduce -0.1% 0.16% +0.00
EES Wisdomtree US Smallcap Fund Reduce -0.3% 0.54% +0.00
MA Mastercard Inc. Class A Reduce -0.3% 0.24% +0.01
DIS The Walt Disney Co. Reduce -9.0% 0.39% +0.02
FDX FedEx Corp. Reduce -0.2% 1.41% +0.02
BLK BlackRock Inc. Reduce -0.5% 0.32% +0.02
GLW Corning Inc. Reduce -0.4% 0.69% +0.02
BN Brookfield Corp. Reduce -0.3% 0.75% +0.05
ADP Automatic Data Processing Reduce -0.4% 1.17% +0.05

Portfolio Buys Q3 2024 → Q4 2024
GS Goldman Sachs Group Inc. Add +0.2% 2.56% +0.32
WFC Wells Fargo & Co. Add +7.9% 0.80% +0.20
GOOGL Alphabet Inc. Class A Add +5.6% 1.04% +0.17
MKL Markel Group Inc. Add +85.4% 0.31% +0.16
AMZN Amazon.com Inc. Add +1.1% 0.96% +0.14
CLX Clorox Company Add +52.1% 0.37% +0.12
C Citigroup Inc. Add +14.9% 0.44% +0.09
VGSH Vanguard Short-Term Treasury Add +15.3% 0.71% +0.08
CVX Chevron Corp. Add +7.8% 1.43% +0.06
MTB M & T Bank Corp. Add +11.2% 0.44% +0.06
RSP Invesco S&P 500 Equal Weight Add +126.7% 0.11% +0.06
VUG Vanguard Mrngstar GR ETF-Sui Add +1.2% 0.85% +0.06
BIL SS SPDR BB 1-3M T-Bill ETF New 0.04% +0.04
USB US Bancorp Add +1.9% 0.76% +0.04
MOAT Vaneck Morningstar Wide Moat New 0.03% +0.03
VBR Vngrd Mrngst SL-CP Val ETF-U Add +8.1% 0.58% +0.03
VTI VG Morningstar TS MKT ETF-US Add +0.3% 1.89% +0.03
DE Deere & Co. Add +1.1% 1.63% +0.02
TFC Truist Financial Corp. Add +5.9% 0.34% +0.02
DVN Devon Energy Corp. Add +36.4% 0.17% +0.02
SLB SLB Ltd. Add +34.8% 0.07% +0.01
EOG EOG Resources Inc. Add +3.3% 0.63% +0.01
VTEB Vanguard Tax-Exempt Bond ETF Add +6.9% 0.25% +0.01
VXUS Vanguard Total Intl Stock Add +11.8% 0.29% +0.00
VCIT Vanguard Int-Term Corporate Add +7.5% 0.05% +0.00
VOE Vngrd Mrngstr MD-Cap Val ETF Add +5.0% 0.33% +0.00
ZBH Zimmer Biomet Holdings Inc. Add +3.2% 0.10% −0.00
IJH iShares Core S&P Midcap ETF Add +0.2% 0.21% −0.00
IWN iShares Russell 2000 Value E Add +0.8% 0.13% −0.00
IJR iShares Core S&P Small-Cap E Add +1.8% 0.38% −0.00
KVUE Kenvue Inc. Add +1.2% 0.06% −0.00
PFE Pfizer Inc. Add +3.2% 0.09% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.0% 1.00% −0.01
UNP Union Pacific Corp. Add +0.8% 0.14% −0.01
ADBE Adobe Inc. Add +0.9% 0.12% −0.02
BSV Vanguard Short-Term Bond ETF Add +1.4% 1.25% −0.02
VTV Vanguard Mrngstr Val ETF-Aui Add +0.3% 0.64% −0.03
KO The Coca-Cola Co. Add +0.6% 0.17% −0.03
UPS United Parcel Service Class B Add +1.6% 0.57% −0.04
APD Air Products & Chemicals Inc. Add +0.1% 1.22% −0.05
XOM Exxon Mobil Corp. Add +2.0% 1.21% −0.10
PEP Pepsico Inc. Add +4.0% 1.58% −0.14
BRK.B Berkshire Hathaway Inc. Class B Add +0.5% 7.89% −0.18
CAT Caterpillar Inc. Add +0.9% 2.41% −0.20
JNJ Johnson & Johnson Add +0.8% 1.72% −0.22

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 139$858.7MBRK.B, AAPL, JNJ, CAT, JPM
Q1 2026 131$770.9MBRK.B, AAPL, JNJ, JPM, MSFT
Q4 2025 128$728.9MBRK.B, AAPL, MSFT, JPM, GS
Q3 2025 127$706.6MBRK.B, AAPL, MSFT, JPM, GS
Q2 2025 126$651.3MBRK.B, MSFT, AAPL, JPM, GS
Q1 2025 123$626.0MBRK.B, AAPL, MSFT, JPM, GS
Q4 2024 125$628.7MBRK.B, AAPL, MSFT, JPM, GS
Q3 2024 125$621.1MBRK.B, AAPL, MSFT, JPM, CAT
Q2 2024 120$572.6MBRK.B, AAPL, MSFT, JPM, IWR
Q1 2024 121$579.3MBRK.B, MSFT, AAPL, JPM, CAT