Culbertson A N & Co. Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Culbertson A N & Co. Inc. reported 123 stock positions worth $626.0 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 9.3% of the portfolio, followed by Apple (AAPL, 6.6%) and Microsoft (MSFT, 5.1%). Compared with Q4 2024, it opened 1 new position, sold out of 3, added to 50 and reduced 55. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +0%) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F
Q2 2026
Location
Charlottesville, VA
CIK
0001224890
Portfolio Value
$626.0M (Q1 2025)
SEC Filing
0001172661-25-002005 ↗ filed May 15, 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 Q4 2024 Q1 2025: $626.0M $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 123 stocks · $626.0M
BRK.B Berkshire Hathaway Inc. Class B 9.34% 109,820 $58.5M Add +0.4%
AAPL Apple Inc. 6.62% 186,663 $41.5M Reduce -2.2%
MSFT Microsoft Corp. 5.14% 85,748 $32.2M Reduce -1.1%
JPM JPMorgan Chase & Co. 4.62% 117,892 $28.9M Add +0.0%
GS Goldman Sachs Group Inc. 2.41% 27,610 $15.1M Reduce -1.6%
ABBV Abbvie Inc. 2.36% 70,414 $14.8M Reduce -0.4%
IWR iShares Russell Mid-Cap ETF 2.33% 171,251 $14.6M Reduce -0.3%
MCK McKesson Corp. 2.26% 21,060 $14.2M Reduce -1.2%
CAT Caterpillar Inc. 2.20% 41,751 $13.8M Reduce -0.0%
JNJ Johnson & Johnson 2.00% 75,596 $12.5M Add +1.0%
ABT Abbott Laboratories 1.97% 92,763 $12.3M Add +0.6%
MCD McDonald's Corp. 1.89% 37,903 $11.8M Reduce -0.7%
DE Deere & Co. 1.81% 24,185 $11.4M Reduce -0.1%
CMI Cummins Inc. 1.79% 35,716 $11.2M Reduce -0.4%
VTI VG Morningstar TS MKT ETF-US 1.77% 40,354 $11.1M Reduce -1.6%
ORCL Oracle Corp. 1.75% 78,473 $11.0M Reduce -0.9%
GOOG Alphabet Inc. Class C 1.73% 69,268 $10.8M Reduce -0.7%
PG The Procter & Gamble Co. 1.70% 62,419 $10.6M Reduce -1.4%
CVX Chevron Corp. 1.69% 63,395 $10.6M Add +2.1%
PEP Pepsico Inc. 1.62% 67,794 $10.2M Add +3.9%
VB Vanguard Most SM-Cap ETF-Usd 1.38% 38,898 $8.6M Reduce -1.4%
XOM Exxon Mobil Corp. 1.38% 72,498 $8.6M Add +2.9%
BSV Vanguard Short-Term Bond ETF 1.28% 102,411 $8.0M Add +0.4%
IWM iShares Russell 2000 ETF 1.25% 39,193 $7.8M Reduce -0.4%
APD Air Products & Chemicals Inc. 1.24% 26,350 $7.8M Reduce -0.4%
FDX FedEx Corp. 1.24% 31,831 $7.8M Add +1.2%
ADP Automatic Data Processing 1.21% 24,872 $7.6M Reduce -0.8%
V Visa Inc. Class A 1.20% 21,389 $7.5M Reduce -0.4%
CSCO Cisco Systems Inc. 1.04% 105,656 $6.5M Reduce -0.7%
VGT Vanguard Info Tech ETF 1.04% 12,020 $6.5M Reduce -1.2%
UNH Unitedhealth Group Inc. 0.99% 11,804 $6.2M Reduce -1.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.97% 23,532 $6.1M Reduce -1.2%
GOOGL Alphabet Inc. Class A 0.90% 36,320 $5.6M Add +5.6%
TRV The Travelers Cos Inc. 0.87% 20,623 $5.5M Add +0.2%
MDLZ Mondelez International Inc. Class A 0.86% 79,639 $5.4M Reduce -0.5%
AMZN Amazon.com Inc. 0.84% 27,777 $5.3M Add +1.1%
WFC Wells Fargo & Co. 0.82% 71,276 $5.1M Reduce -0.2%
OEF iShares S&P 100 ETF 0.79% 18,342 $5.0M Reduce -1.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.77% 12,984 $4.8M Reduce -0.8%
BN Brookfield Corp. 0.76% 91,011 $4.8M Add +10.7%
TXN Texas Instruments Inc. 0.74% 25,944 $4.7M Add +0.7%
USB US Bancorp 0.73% 107,811 $4.6M Add +8.3%
VGSH Vanguard Short-Term Treasury 0.72% 76,561 $4.5M Add +0.1%
EOG EOG Resources Inc. 0.67% 32,515 $4.2M Add +0.3%
GLW Corning Inc. 0.67% 91,021 $4.2M Reduce -0.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.65% 23,654 $4.1M Add +0.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.59% 19,826 $3.7M Add +8.6%
VYM Vanguard High DVD Yield ETF 0.58% 28,053 $3.6M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.55% 82,802 $3.5M Add +0.8%
UPS United Parcel Service Class B 0.52% 29,876 $3.3M Add +5.1%
VCSH Vanguard S/T Corp. Bond ETF 0.52% 41,617 $3.3M Add +9.2%
EES Wisdomtree US Smallcap Fund 0.49% 63,374 $3.1M Reduce -0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.48% 12,105 $3.0M Add +3.2%
MS Morgan Stanley 0.48% 25,794 $3.0M Reduce -0.9%
HSY The Hershey Co. 0.45% 16,567 $2.8M Add +4.3%
C Citigroup Inc. 0.45% 39,479 $2.8M Add +1.2%
MKL Markel Group Inc. 0.44% 1,480 $2.8M Add +29.1%
EZM Wisdomtree US Midcap Fund 0.44% 46,368 $2.8M Reduce -0.0%
MTB M & T Bank Corp. filed as M & T BK CORP 0.44% 15,328 $2.7M Add +3.9%
VZ Verizon Communications Inc. 0.41% 56,177 $2.5M Add +13.5%
MMM 3M Co. 0.39% 16,816 $2.5M Reduce -1.3%
CVS CVS Health Corp. 0.39% 35,620 $2.4M Reduce -8.3%
IJR iShares Core S&P Small-Cap E 0.36% 21,646 $2.3M Add +4.3%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.35% 13,630 $2.2M Add +6.6%
T AT&T Inc. 0.34% 74,671 $2.1M Add +0.0%
CLX Clorox Company 0.33% 14,197 $2.1M Reduce -1.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.33% 20,941 $2.1M Reduce -5.6%
COF Capital One Financial Corp. 0.32% 11,315 $2.0M Reduce -1.3%
VXUS Vanguard Total Intl Stock 0.32% 32,545 $2.0M Add +4.5%
TFC Truist Financial Corp. 0.32% 48,963 $2.0M Reduce -1.5%
BND Vanguard Total Bond Market 0.32% 27,409 $2.0M Reduce -1.0%
GIS General Mills Inc. 0.31% 32,182 $1.9M Reduce -7.2%
SBUX Starbucks Corp. 0.31% 19,473 $1.9M Reduce -11.3%
VOO Vanguard S&P 500 ETF 0.30% 3,668 $1.9M Reduce -3.2%
DLN Wisdomtree US Largecap Divid 0.29% 22,860 $1.8M No change
AGG iShares Core U.S. Aggregate 0.28% 18,030 $1.8M Reduce -0.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 2,996 $1.7M Add +6.0%
VTEB Vanguard Tax-Exempt Bond ETF 0.26% 32,700 $1.6M Add +6.2%
ERIE Erie Indemnity Company Class A 0.25% 3,762 $1.6M Reduce -6.3%
HD Home Depot Inc. 0.25% 4,202 $1.5M Add +1.8%
MA Mastercard Inc. Class A 0.24% 2,795 $1.5M Reduce -0.9%
DON Wisdomtree US Midcap Dividen 0.24% 30,851 $1.5M Add +1.0%
DVN Devon Energy Corp. 0.24% 39,756 $1.5M Add +21.9%
IJH iShares Core S&P Midcap ETF 0.20% 21,869 $1.3M Add +1.2%
KO The Coca-Cola Co. 0.20% 17,446 $1.2M Add +2.0%
PFF iShares Preferred & Income S 0.18% 36,430 $1.1M Reduce -6.5%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.18% 9,387 $1.1M Reduce -10.4%
AXP American Express Co. 0.17% 3,913 $1.1M No change
JCI Johnson Controls Internation 0.17% 13,117 $1.1M No change
LOW Lowe's Cos Inc. 0.15% 4,148 $967K Reduce -9.8%
UNP Union Pacific Corp. 0.15% 3,940 $931K No change
RSP Invesco S&P 500 Equal Weight 0.14% 5,113 $886K Add +28.8%
D Dominion Energy Inc. 0.14% 15,350 $861K Reduce -1.5%
IVV iShares Core S&P 500 ETF 0.13% 1,404 $789K Reduce -3.2%
IWN iShares Russell 2000 Value E 0.13% 5,211 $787K Add +4.1%
WMT Walmart Inc. 0.12% 8,839 $776K Reduce -9.0%
STT State Street Corp. 0.12% 8,422 $754K Add +7.9%
IVW iShares S&P 500 Growth ETF 0.11% 7,372 $684K No change
BAM Brookfield Asset Mgmt-A 0.11% 14,105 $683K No change
ZBH Zimmer Biomet Holdings Inc. 0.11% 5,998 $679K No change
COST Costco Wholesale Corp. 0.11% 710 $672K Reduce -2.3%
ADBE Adobe Inc. 0.11% 1,733 $665K Add +0.5%
LLY Eli Lilly & Co. 0.10% 753 $622K Add +141.3%
AMGN Amgen Inc. 0.10% 1,922 $599K Add +3.7%
EFA iShares MSCI Eafe ETF 0.09% 7,158 $585K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.09% 6,330 $581K Add +139.3%
K Kellanova 0.09% 6,617 $546K Reduce -21.0%
VIG Vanguard Dividend Apprec ETF 0.09% 2,757 $535K No change
PFE Pfizer Inc. 0.09% 21,042 $533K Reduce -6.4%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.08% 12,264 $513K Add +5.5%
ITOT iShares Core S&P Total U.S. 0.07% 3,695 $451K No change
QQQ Invesco QQQ Trust Series 1 0.07% 937 $439K No change
VCIT Vanguard Int-Term Corporate 0.07% 5,000 $409K Add +16.8%
VUSB Vanguard Ultra Short Bond Et 0.06% 7,495 $374K Reduce -12.8%
KVUE Kenvue Inc. 0.06% 14,800 $355K Reduce -10.3%
SCHB Schwab US Broad Market ETF 0.05% 15,000 $323K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.05% 1,190 $291K No change
KHC The Kraft Heinz Co. 0.05% 9,450 $288K Add +3.3%
MKC.V McCormick & Co. Inc. VTG Com 0.04% 3,185 $262K No change
LSTR Landstar System Inc. 0.04% 1,700 $255K No change
BX Blackstone Inc. 0.04% 1,800 $252K No change
MOAT Vaneck Morningstar Wide Moat 0.04% 2,701 $238K Add +19.0%
DWM Wisdomtree International Equ 0.03% 3,695 $215K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $11K (not counted above)
SecurityClassShares / PrincipalValueChange
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) DEB 4.000%11/1 · principal 40,000$11KNo change

Total filed on the 13F, all lines: $626.0M.

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -2.2% 6.62% −0.98
MSFT Microsoft Corp. Reduce -1.1% 5.14% −0.67
GOOG Alphabet Inc. Class C Reduce -0.7% 1.73% −0.38
ORCL Oracle Corp. Reduce -0.9% 1.75% −0.35
BLK BlackRock Inc. Sold out 0.00% −0.32
CAT Caterpillar Inc. Reduce -0.0% 2.20% −0.21
CMI Cummins Inc. Reduce -0.4% 1.79% −0.20
VGT Vanguard Info Tech ETF Reduce -1.2% 1.04% −0.16
GS Goldman Sachs Group Inc. Reduce -1.6% 2.41% −0.15
IWM iShares Russell 2000 ETF Reduce -0.4% 1.25% −0.13
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.4% 1.38% −0.13
VTI VG Morningstar TS MKT ETF-US Reduce -1.6% 1.77% −0.12
IWR iShares Russell Mid-Cap ETF Reduce -0.3% 2.33% −0.09
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.8% 0.77% −0.09
OEF iShares S&P 100 ETF Reduce -1.6% 0.79% −0.06
DIS The Walt Disney Co. Reduce -5.6% 0.33% −0.06
EES Wisdomtree US Smallcap Fund Reduce -0.1% 0.49% −0.05
CMCSA Comcast Corp. Class A Sold out 0.00% −0.05
GIS General Mills Inc. Reduce -7.2% 0.31% −0.04
MS Morgan Stanley Reduce -0.9% 0.48% −0.04
CLX Clorox Company Reduce -1.1% 0.33% −0.04
GE General Electric Sold out 0.00% −0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.2% 0.97% −0.03
LOW Lowe's Cos Inc. Reduce -9.8% 0.15% −0.03
GLW Corning Inc. Reduce -0.4% 0.67% −0.03
VOO Vanguard S&P 500 ETF Reduce -3.2% 0.30% −0.02
TFC Truist Financial Corp. Reduce -1.5% 0.32% −0.02
K Kellanova Reduce -21.0% 0.09% −0.02
EZM Wisdomtree US Midcap Fund Reduce -0.0% 0.44% −0.02
PFF iShares Preferred & Income S Reduce -6.5% 0.18% −0.02
WMT Walmart Inc. Reduce -9.0% 0.12% −0.02
SBUX Starbucks Corp. Reduce -11.3% 0.31% −0.01
ERIE Erie Indemnity Company Class A Reduce -6.3% 0.25% −0.01
IVV iShares Core S&P 500 ETF Reduce -3.2% 0.13% −0.01
PFE Pfizer Inc. Reduce -6.4% 0.09% −0.01
VUSB Vanguard Ultra Short Bond Et Reduce -12.8% 0.06% −0.01
SJM The JM Smucker Co. Reduce -10.4% 0.18% −0.01
COF Capital One Financial Corp. Reduce -1.3% 0.32% −0.00
KVUE Kenvue Inc. Reduce -10.3% 0.06% +0.00
COST Costco Wholesale Corp. Reduce -2.3% 0.11% +0.00
D Dominion Energy Inc. Reduce -1.5% 0.14% +0.00
BND Vanguard Total Bond Market Reduce -1.0% 0.32% +0.00
AGG iShares Core U.S. Aggregate Reduce -0.2% 0.28% +0.01
MA Mastercard Inc. Class A Reduce -0.9% 0.24% +0.01
PG The Procter & Gamble Co. Reduce -1.4% 1.70% +0.01
WFC Wells Fargo & Co. Reduce -0.2% 0.82% +0.02
APD Air Products & Chemicals Inc. Reduce -0.4% 1.24% +0.02
UNH Unitedhealth Group Inc. Reduce -1.7% 0.99% +0.02
CSCO Cisco Systems Inc. Reduce -0.7% 1.04% +0.04
MMM 3M Co. Reduce -1.3% 0.39% +0.04

Portfolio Buys Q4 2024 → Q1 2025
BRK.B Berkshire Hathaway Inc. Class B Add +0.4% 9.34% +1.45
ABT Abbott Laboratories Add +0.6% 1.97% +0.31
JNJ Johnson & Johnson Add +1.0% 2.00% +0.28
CVX Chevron Corp. Add +2.1% 1.69% +0.26
XOM Exxon Mobil Corp. Add +2.9% 1.38% +0.17
MKL Markel Group Inc. Add +29.1% 0.44% +0.13
JPM JPMorgan Chase & Co. Add +0.0% 4.62% +0.13
VZ Verizon Communications Inc. Add +13.5% 0.41% +0.09
TRV The Travelers Cos Inc. Add +0.2% 0.87% +0.08
IBM Intl Business Machines Corp. Add +3.2% 0.48% +0.07
DVN Devon Energy Corp. Add +21.9% 0.24% +0.07
T AT&T Inc. Add +0.0% 0.34% +0.07
LLY Eli Lilly & Co. Add +141.3% 0.10% +0.06
BIL SS SPDR BB 1-3M T-Bill ETF Add +139.3% 0.09% +0.05
VCSH Vanguard S/T Corp. Bond ETF Add +9.2% 0.52% +0.05
PEP Pepsico Inc. Add +3.9% 1.62% +0.05
EOG EOG Resources Inc. Add +0.3% 0.67% +0.03
DWM Wisdomtree International Equ New 0.03% +0.03
VXUS Vanguard Total Intl Stock Add +4.5% 0.32% +0.03
RSP Invesco S&P 500 Equal Weight Add +28.8% 0.14% +0.03
KO The Coca-Cola Co. Add +2.0% 0.20% +0.03
BSV Vanguard Short-Term Bond ETF Add +0.4% 1.28% +0.03
HSY The Hershey Co. Add +4.3% 0.45% +0.02
VOE Vngrd Mrngstr MD-Cap Val ETF Add +6.6% 0.35% +0.02
AMGN Amgen Inc. Add +3.7% 0.10% +0.02
VTV Vanguard Mrngstr Val ETF-Aui Add +0.1% 0.65% +0.02
VBR Vngrd Mrngst SL-CP Val ETF-U Add +8.6% 0.59% +0.01
VTEB Vanguard Tax-Exempt Bond ETF Add +6.2% 0.26% +0.01
SLB SLB Ltd. Add +5.5% 0.08% +0.01
C Citigroup Inc. Add +1.2% 0.45% +0.01
BN Brookfield Corp. Add +10.7% 0.76% +0.01
VCIT Vanguard Int-Term Corporate Add +16.8% 0.07% +0.01
VGSH Vanguard Short-Term Treasury Add +0.1% 0.72% +0.01
MOAT Vaneck Morningstar Wide Moat Add +19.0% 0.04% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +6.0% 0.27% +0.00
KHC The Kraft Heinz Co. Add +3.3% 0.05% +0.00
STT State Street Corp. Add +7.9% 0.12% −0.00
MTB M & T Bank Corp. Add +3.9% 0.44% −0.00
DON Wisdomtree US Midcap Dividen Add +1.0% 0.24% −0.00
IWN iShares Russell 2000 Value E Add +4.1% 0.13% −0.01
HD Home Depot Inc. Add +1.8% 0.25% −0.01
IJH iShares Core S&P Midcap ETF Add +1.2% 0.20% −0.01
ADBE Adobe Inc. Add +0.5% 0.11% −0.02
IJR iShares Core S&P Small-Cap E Add +4.3% 0.36% −0.02
BAC Bank of America Corp. Add +0.8% 0.55% −0.02
TXN Texas Instruments Inc. Add +0.7% 0.74% −0.02
USB US Bancorp Add +8.3% 0.73% −0.03
UPS United Parcel Service Class B Add +5.1% 0.52% −0.05
AMZN Amazon.com Inc. Add +1.1% 0.84% −0.11
GOOGL Alphabet Inc. Class A Add +5.6% 0.90% −0.14

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