Culbertson A N & Co. Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 24, 2025), Culbertson A N & Co. Inc. reported 127 stock positions worth $706.6 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 7.9% of the portfolio, followed by Apple (AAPL, 6.4%) and Microsoft (MSFT, 6.0%). Compared with Q2 2025, it opened 3 new positions, sold out of 2, added to 37 and reduced 64. The biggest buy was a new position in BlackRock (BLK) and the biggest sale Microsoft (MSFT, shares −3%).

Most Recent 13F
Q2 2026
Location
Charlottesville, VA
CIK
0001224890
Portfolio Value
$706.6M (Q3 2025)
SEC Filing
0001172661-25-004421 ↗ filed Oct 24, 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 Q1 2025 Q2 2025: $651.3M Q2 2025 Q3 2025: $706.6M $706.6M Q3 2025 Q4 2025: $728.9M Q4 2025 Q1 2026: $770.9M Q1 2026 Q2 2026: $858.7M Q2 2026

Holdings 127 stocks · $706.6M
BRK.B Berkshire Hathaway Inc. Class B 7.86% 110,451 $55.5M Add +0.3%
AAPL Apple Inc. 6.43% 178,420 $45.4M Reduce -2.0%
MSFT Microsoft Corp. 6.02% 82,180 $42.6M Reduce -2.5%
JPM JPMorgan Chase & Co. 5.04% 112,796 $35.6M Reduce -2.7%
GS Goldman Sachs Group Inc. 3.07% 27,260 $21.7M Reduce -0.6%
ORCL Oracle Corp. 3.02% 75,751 $21.3M Reduce -2.5%
CAT Caterpillar Inc. 2.74% 40,636 $19.4M Reduce -1.2%
GOOG Alphabet Inc. Class C 2.35% 68,243 $16.6M Reduce -0.3%
IWR iShares Russell Mid-Cap ETF 2.32% 169,888 $16.4M Reduce -0.0%
MCK McKesson Corp. 2.29% 20,913 $16.2M Reduce -0.5%
ABBV Abbvie Inc. 2.22% 67,786 $15.7M Reduce -0.8%
CMI Cummins Inc. 2.08% 34,871 $14.7M Reduce -1.1%
JNJ Johnson & Johnson 1.97% 75,026 $13.9M Add +0.0%
VTI VG Morningstar TS MKT ETF-US 1.83% 39,395 $12.9M Reduce -1.0%
ABT Abbott Laboratories 1.73% 91,422 $12.2M Reduce -0.7%
MCD McDonald's Corp. 1.60% 37,218 $11.3M Reduce -0.4%
DE Deere & Co. 1.60% 24,660 $11.3M Add +2.6%
VB Vanguard Most SM-Cap ETF-Usd 1.44% 40,146 $10.2M Add +3.2%
CVX Chevron Corp. 1.44% 65,438 $10.2M Add +1.4%
PEP Pepsico Inc. 1.39% 69,787 $9.8M Add +1.7%
IWM iShares Russell 2000 ETF 1.33% 38,811 $9.4M Add +0.1%
PG The Procter & Gamble Co. 1.31% 60,440 $9.3M Reduce -0.8%
VGT Vanguard Info Tech ETF 1.25% 11,843 $8.8M Reduce -0.1%
GOOGL Alphabet Inc. Class A 1.24% 35,945 $8.7M Add +0.4%
XOM Exxon Mobil Corp. 1.18% 73,743 $8.3M Add +1.0%
BSV Vanguard Short-Term Bond ETF 1.11% 99,731 $7.9M No change
GLW Corning Inc. 1.04% 89,225 $7.3M Reduce -1.0%
V Visa Inc. Class A 1.03% 21,319 $7.3M Add +1.0%
ADP Automatic Data Processing 1.01% 24,363 $7.2M Reduce -0.6%
APD Air Products & Chemicals Inc. 0.99% 25,727 $7.0M Reduce -0.8%
CSCO Cisco Systems Inc. 0.99% 102,544 $7.0M Reduce -1.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.97% 23,452 $6.9M Reduce -0.1%
BN Brookfield Corp. 0.96% 98,404 $6.7M Add +2.3%
FDX FedEx Corp. 0.92% 27,587 $6.5M Reduce -11.0%
WFC Wells Fargo & Co. 0.89% 74,811 $6.3M Reduce -0.4%
USB US Bancorp 0.88% 128,606 $6.2M Add +6.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.88% 12,914 $6.2M No change
AMZN Amazon.com Inc. 0.87% 28,032 $6.2M Add +0.3%
OEF iShares S&P 100 ETF 0.85% 18,017 $6.0M Reduce -0.6%
TRV The Travelers Cos Inc. 0.80% 20,183 $5.6M Reduce -0.1%
MKL Markel Group Inc. 0.74% 2,751 $5.3M Add +9.2%
VGSH Vanguard Short-Term Treasury 0.68% 82,171 $4.8M Add +0.1%
MDLZ Mondelez International Inc. Class A 0.66% 74,382 $4.6M Reduce -4.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.64% 24,089 $4.5M Add +0.6%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.62% 20,944 $4.4M Add +0.4%
C Citigroup Inc. 0.58% 40,179 $4.1M Reduce -0.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.58% 78,852 $4.1M Reduce -0.9%
MS Morgan Stanley 0.57% 25,223 $4.0M Add +0.4%
TXN Texas Instruments Inc. 0.55% 21,274 $3.9M Reduce -17.9%
VYM Vanguard High DVD Yield ETF 0.55% 27,553 $3.9M Reduce -1.3%
EOG EOG Resources Inc. 0.54% 33,833 $3.8M Add +4.2%
VCSH Vanguard S/T Corp. Bond ETF 0.51% 44,762 $3.6M Add +2.1%
EES Wisdomtree US Smallcap Fund 0.49% 62,461 $3.5M Add +0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.48% 12,103 $3.4M Reduce -0.0%
MTB M & T Bank Corp. filed as M & T BK CORP 0.48% 17,239 $3.4M Add +0.4%
EZM Wisdomtree US Midcap Fund 0.43% 46,360 $3.1M Reduce -0.1%
CVS CVS Health Corp. 0.43% 40,214 $3.0M Add +14.9%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.41% 16,606 $2.9M Add +2.5%
HSY The Hershey Co. 0.37% 14,087 $2.6M Reduce -7.8%
IJR iShares Core S&P Small-Cap E 0.37% 21,930 $2.6M Reduce -2.3%
VZ Verizon Communications Inc. 0.36% 58,120 $2.6M Reduce -0.7%
MMM 3M Co. 0.36% 16,184 $2.5M Reduce -0.3%
VOO Vanguard S&P 500 ETF 0.35% 4,047 $2.5M Reduce -2.8%
COF Capital One Financial Corp. 0.34% 11,365 $2.4M No change
VXUS Vanguard Total Intl Stock 0.34% 32,875 $2.4M Add +1.6%
BLK BlackRock Inc. 0.34% 2,048 $2.4M New
T AT&T Inc. 0.31% 78,600 $2.2M Add +2.5%
BIL SS SPDR BB 1-3M T-Bill ETF 0.31% 23,750 $2.2M Add +167.9%
CB Chubb Ltd. 0.29% 7,186 $2.0M New
DLN Wisdomtree US Largecap Divid 0.27% 22,240 $1.9M Reduce -0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.27% 16,844 $1.9M Add +10.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 2,868 $1.9M Reduce -3.3%
VTEB Vanguard Tax-Exempt Bond ETF 0.27% 37,400 $1.9M Add +2.5%
BND Vanguard Total Bond Market 0.26% 24,299 $1.8M No change
AGG iShares Core U.S. Aggregate 0.24% 17,205 $1.7M Reduce -3.7%
HD Home Depot Inc. 0.24% 4,202 $1.7M No change
MA Mastercard Inc. Class A 0.22% 2,715 $1.5M No change
IJH iShares Core S&P Midcap ETF 0.21% 23,244 $1.5M No change
DON Wisdomtree US Midcap Dividen 0.21% 28,251 $1.5M No change
DVN Devon Energy Corp. 0.21% 41,479 $1.5M Add +5.1%
UPS United Parcel Service Class B 0.21% 17,372 $1.5M Add +15.9%
GIS General Mills Inc. 0.20% 28,462 $1.4M Reduce -10.3%
JCI Johnson Controls Internation 0.20% 12,917 $1.4M Reduce -1.5%
UNP Union Pacific Corp. 0.20% 5,980 $1.4M Add +6.4%
AXP American Express Co. 0.18% 3,913 $1.3M No change
KO The Coca-Cola Co. 0.18% 19,196 $1.3M Add +10.0%
UNH Unitedhealth Group Inc. 0.16% 3,175 $1.1M Reduce -51.1%
SBUX Starbucks Corp. 0.15% 12,918 $1.1M Reduce -31.6%
ERIE Erie Indemnity Company Class A 0.15% 3,352 $1.1M Reduce -10.9%
PFF iShares Preferred & Income S 0.15% 32,592 $1.0M Reduce -3.4%
RSP Invesco S&P 500 Equal Weight 0.14% 5,371 $1.0M Reduce -0.2%
D Dominion Energy Inc. 0.13% 15,512 $949K Add +2.3%
IVV iShares Core S&P 500 ETF 0.13% 1,400 $937K Reduce -1.4%
STT State Street Corp. 0.13% 8,072 $936K Reduce -0.6%
IWN iShares Russell 2000 Value E 0.13% 5,211 $921K No change
LOW Lowe's Cos Inc. 0.13% 3,608 $907K Reduce -2.7%
IVW iShares S&P 500 Growth ETF 0.13% 7,372 $890K No change
WMT Walmart Inc. 0.12% 8,539 $880K Reduce -5.5%
BAM Brookfield Asset Mgmt-A 0.11% 13,463 $767K Reduce -1.8%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.10% 6,386 $694K Reduce -15.3%
LLY Eli Lilly & Co. 0.10% 880 $671K Add +0.5%
EFA iShares MSCI Eafe ETF 0.09% 6,858 $640K No change
COST Costco Wholesale Corp. 0.09% 670 $620K Reduce -2.9%
BUD Anheuser-Busch Inbev-SPN ADR 0.09% 10,275 $612K New
VIG Vanguard Dividend Apprec ETF 0.08% 2,767 $597K No change
ADBE Adobe Inc. 0.08% 1,673 $590K Reduce -3.5%
ZBH Zimmer Biomet Holdings Inc. 0.08% 5,963 $587K Reduce -0.6%
QQQ Invesco QQQ Trust Series 1 0.08% 937 $563K No change
AMGN Amgen Inc. 0.08% 1,932 $545K Add +11.6%
ITOT iShares Core S&P Total U.S. 0.08% 3,695 $538K No change
TFC Truist Financial Corp. 0.08% 11,628 $532K Reduce -0.8%
CLX Clorox Company 0.07% 3,824 $471K Reduce -74.3%
K Kellanova 0.07% 5,607 $460K Reduce -5.1%
VCIT Vanguard Int-Term Corporate 0.06% 5,230 $440K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.06% 11,849 $407K Reduce -0.9%
SCHB Schwab US Broad Market ETF 0.05% 15,000 $386K No change
META Meta Platforms Inc. Class A 0.05% 516 $379K No change
PFE Pfizer Inc. 0.05% 13,877 $354K Reduce -14.2%
VUSB Vanguard Ultra Short Bond Et 0.05% 7,050 $352K Reduce -2.0%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.05% 1,180 $347K Reduce -0.8%
BX Blackstone Inc. 0.04% 1,800 $308K No change
MOAT Vaneck Morningstar Wide Moat 0.04% 2,701 $268K No change
KVUE Kenvue Inc. 0.04% 15,600 $253K Add +8.3%
DWM Wisdomtree International Equ 0.03% 3,695 $245K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.03% 2,874 $225K No change
LSTR Landstar System Inc. 0.03% 1,700 $208K No change
MKC.V McCormick & Co. Inc. VTG Com 0.03% 3,108 $208K Reduce -2.4%
Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
SecurityClassShares / PrincipalValueChange
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) DEB 4.000%11/1 · principal 40,000$3KNo change

Total filed on the 13F, all lines: $706.6M.

Portfolio Sells Q2 2025 → Q3 2025
MSFT Microsoft Corp. Reduce -2.5% 6.02% −0.41
TXN Texas Instruments Inc. Reduce -17.9% 0.55% −0.27
CLX Clorox Company Reduce -74.3% 0.07% −0.21
ABT Abbott Laboratories Reduce -0.7% 1.73% −0.19
PG The Procter & Gamble Co. Reduce -0.8% 1.31% −0.18
FDX FedEx Corp. Reduce -11.0% 0.92% −0.16
UNH Unitedhealth Group Inc. Reduce -51.1% 0.16% −0.16
ADP Automatic Data Processing Reduce -0.6% 1.01% −0.15
MDLZ Mondelez International Inc. Class A Reduce -4.4% 0.66% −0.15
APD Air Products & Chemicals Inc. Reduce -0.8% 0.99% −0.13
JPM JPMorgan Chase & Co. Reduce -2.7% 5.04% −0.12
SBUX Starbucks Corp. Reduce -31.6% 0.15% −0.11
CSCO Cisco Systems Inc. Reduce -1.0% 0.99% −0.11
IWR iShares Russell Mid-Cap ETF Reduce -0.0% 2.32% −0.08
MCK McKesson Corp. Reduce -0.5% 2.29% −0.08
MCD McDonald's Corp. Reduce -0.4% 1.60% −0.08
IBM Intl Business Machines Corp. Reduce -0.0% 0.48% −0.06
ERIE Erie Indemnity Company Class A Reduce -10.9% 0.15% −0.05
GIS General Mills Inc. Reduce -10.3% 0.20% −0.05
WFC Wells Fargo & Co. Reduce -0.4% 0.89% −0.04
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.1% 0.97% −0.03
TRV The Travelers Cos Inc. Reduce -0.1% 0.80% −0.03
NKE Nike Inc. Class B Sold out 0.00% −0.03
OBT Orange County Bancorp Inc. Sold out 0.00% −0.03
AGG iShares Core U.S. Aggregate Reduce -3.7% 0.24% −0.03
VZ Verizon Communications Inc. Reduce -0.7% 0.36% −0.03
VTI VG Morningstar TS MKT ETF-US Reduce -1.0% 1.83% −0.03
MMM 3M Co. Reduce -0.3% 0.36% −0.02
VYM Vanguard High DVD Yield ETF Reduce -1.3% 0.55% −0.02
ADBE Adobe Inc. Reduce -3.5% 0.08% −0.02
COST Costco Wholesale Corp. Reduce -2.9% 0.09% −0.02
HSY The Hershey Co. Reduce -7.8% 0.37% −0.02
SJM The JM Smucker Co. Reduce -15.3% 0.10% −0.02
PFF iShares Preferred & Income S Reduce -3.4% 0.15% −0.01
VOO Vanguard S&P 500 ETF Reduce -2.8% 0.35% −0.01
JCI Johnson Controls Internation Reduce -1.5% 0.20% −0.01
WMT Walmart Inc. Reduce -5.5% 0.12% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.3% 0.27% −0.01
PFE Pfizer Inc. Reduce -14.2% 0.05% −0.01
BAM Brookfield Asset Mgmt-A Reduce -1.8% 0.11% −0.01
IJR iShares Core S&P Small-Cap E Reduce -2.3% 0.37% −0.01
EZM Wisdomtree US Midcap Fund Reduce -0.1% 0.43% −0.01
MKC.V McCormick & Co. Inc. VTG Com Reduce -2.4% 0.03% −0.01
K Kellanova Reduce -5.1% 0.07% −0.01
DLN Wisdomtree US Largecap Divid Reduce -0.1% 0.27% −0.01
RSP Invesco S&P 500 Equal Weight Reduce -0.2% 0.14% −0.01
VUSB Vanguard Ultra Short Bond Et Reduce -2.0% 0.05% −0.01
SLB SLB Ltd. Reduce -0.9% 0.06% −0.00
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -0.8% 0.05% −0.00
IVV iShares Core S&P 500 ETF Reduce -1.4% 0.13% −0.00

Portfolio Buys Q2 2025 → Q3 2025
BLK BlackRock Inc. New 0.34% +0.34
CB Chubb Ltd. New 0.29% +0.29
GOOGL Alphabet Inc. Class A Add +0.4% 1.24% +0.27
JNJ Johnson & Johnson Add +0.0% 1.97% +0.21
BIL SS SPDR BB 1-3M T-Bill ETF Add +167.9% 0.31% +0.18
BUD Anheuser-Busch Inbev-SPN ADR New 0.09% +0.09
CVS CVS Health Corp. Add +14.9% 0.43% +0.06
IWM iShares Russell 2000 ETF Add +0.1% 1.33% +0.04
USB US Bancorp Add +6.8% 0.88% +0.04
BN Brookfield Corp. Add +2.3% 0.96% +0.04
VB Vanguard Most SM-Cap ETF-Usd Add +3.2% 1.44% +0.03
MS Morgan Stanley Add +0.4% 0.57% +0.02
CVX Chevron Corp. Add +1.4% 1.44% +0.02
DVN Devon Energy Corp. Add +5.1% 0.21% +0.01
EES Wisdomtree US Smallcap Fund Add +0.0% 0.49% +0.01
AMGN Amgen Inc. Add +11.6% 0.08% +0.00
D Dominion Energy Inc. Add +2.3% 0.13% +0.00
UNP Union Pacific Corp. Add +6.4% 0.20% +0.00
VOE Vngrd Mrngstr MD-Cap Val ETF Add +2.5% 0.41% +0.00
VXUS Vanguard Total Intl Stock Add +1.6% 0.34% −0.00
PEP Pepsico Inc. Add +1.7% 1.39% −0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +0.4% 0.62% −0.01
KO The Coca-Cola Co. Add +10.0% 0.18% −0.01
LLY Eli Lilly & Co. Add +0.5% 0.10% −0.01
VTEB Vanguard Tax-Exempt Bond ETF Add +2.5% 0.27% −0.01
KVUE Kenvue Inc. Add +8.3% 0.04% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +0.6% 0.64% −0.01
DIS The Walt Disney Co. Add +10.7% 0.27% −0.02
T AT&T Inc. Add +2.5% 0.31% −0.03
UPS United Parcel Service Class B Add +15.9% 0.21% −0.03
MKL Markel Group Inc. Add +9.2% 0.74% −0.03
VCSH Vanguard S/T Corp. Bond ETF Add +2.1% 0.51% −0.03
MTB M & T Bank Corp. Add +0.4% 0.48% −0.03
XOM Exxon Mobil Corp. Add +1.0% 1.18% −0.03
VGSH Vanguard Short-Term Treasury Add +0.1% 0.68% −0.06
EOG EOG Resources Inc. Add +4.2% 0.54% −0.06
AMZN Amazon.com Inc. Add +0.3% 0.87% −0.07
V Visa Inc. Class A Add +1.0% 1.03% −0.12
DE Deere & Co. Add +2.6% 1.60% −0.28
BRK.B Berkshire Hathaway Inc. Class B Add +0.3% 7.86% −0.36

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