Culbertson A N & Co. Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), Culbertson A N & Co. Inc. reported 128 stock positions worth $728.9 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 8.0% of the portfolio, followed by Apple (AAPL, 6.5%) and Microsoft (MSFT, 5.4%). Compared with Q3 2025, it opened 2 new positions, sold out of 1, added to 31 and reduced 75. The biggest buy was Caterpillar (CAT, shares +1%) and the biggest sale Oracle (ORCL, shares −5%).

Most Recent 13F
Q2 2026
Location
Charlottesville, VA
CIK
0001224890
Portfolio Value
$728.9M (Q4 2025)
SEC Filing
0001172661-26-000244 ↗ filed Jan 21, 2026

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 Q3 2025 Q4 2025: $728.9M $728.9M Q4 2025 Q1 2026: $770.9M Q1 2026 Q2 2026: $858.7M Q2 2026

Holdings 128 stocks · $728.9M
BRK.B Berkshire Hathaway Inc. Class B 8.03% 116,425 $58.5M Add +5.4%
AAPL Apple Inc. 6.45% 173,040 $47.0M Reduce -3.0%
MSFT Microsoft Corp. 5.44% 81,982 $39.6M Reduce -0.2%
JPM JPMorgan Chase & Co. 5.02% 113,567 $36.6M Add +0.7%
GS Goldman Sachs Group Inc. 3.28% 27,176 $23.9M Reduce -0.3%
CAT Caterpillar Inc. 3.21% 40,895 $23.4M Add +0.6%
GOOG Alphabet Inc. Class C 2.92% 67,749 $21.3M Reduce -0.7%
CMI Cummins Inc. 2.43% 34,741 $17.7M Reduce -0.4%
MCK McKesson Corp. 2.33% 20,684 $17.0M Reduce -1.1%
IWR iShares Russell Mid-Cap ETF 2.22% 167,938 $16.2M Reduce -1.1%
JNJ Johnson & Johnson 2.12% 74,751 $15.5M Reduce -0.4%
ABBV Abbvie Inc. 2.10% 67,137 $15.3M Reduce -1.0%
ORCL Oracle Corp. 1.93% 72,150 $14.1M Reduce -4.8%
VTI VG Morningstar TS MKT ETF-US 1.78% 38,671 $13.0M Reduce -1.8%
DE Deere & Co. 1.61% 25,232 $11.7M Add +2.3%
GOOGL Alphabet Inc. Class A 1.57% 36,666 $11.5M Add +2.0%
ABT Abbott Laboratories 1.56% 90,577 $11.3M Reduce -0.9%
MCD McDonald's Corp. 1.55% 36,903 $11.3M Reduce -0.8%
CVX Chevron Corp. 1.42% 68,053 $10.4M Add +4.0%
VB Vanguard Most SM-Cap ETF-Usd 1.40% 39,626 $10.2M Reduce -1.3%
PEP Pepsico Inc. 1.34% 68,310 $9.8M Reduce -2.1%
IWM iShares Russell 2000 ETF 1.29% 38,186 $9.4M Reduce -1.6%
XOM Exxon Mobil Corp. 1.21% 73,269 $8.8M Reduce -0.6%
PG The Procter & Gamble Co. 1.17% 59,556 $8.5M Reduce -1.5%
VGT Vanguard Info Tech ETF 1.16% 11,224 $8.5M Reduce -5.2%
WFC Wells Fargo & Co. 1.09% 85,611 $8.0M Add +14.4%
CSCO Cisco Systems Inc. 1.07% 101,592 $7.8M Reduce -0.9%
GLW Corning Inc. 1.06% 88,265 $7.7M Reduce -1.1%
FDX FedEx Corp. 1.05% 26,504 $7.7M Reduce -3.9%
USB US Bancorp 1.05% 143,254 $7.6M Add +11.4%
BSV Vanguard Short-Term Bond ETF 1.03% 95,558 $7.5M Reduce -4.2%
BN Brookfield Corp. 1.02% 162,492 $7.5M Add +10.1%
V Visa Inc. Class A 1.02% 21,199 $7.4M Reduce -0.6%
AMZN Amazon.com Inc. 0.96% 30,444 $7.0M Add +8.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.93% 23,400 $6.8M Reduce -0.2%
MKL Markel Group Inc. 0.89% 3,012 $6.5M Add +9.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.87% 12,953 $6.3M Add +0.3%
APD Air Products & Chemicals Inc. 0.86% 25,426 $6.3M Reduce -1.2%
ADP Automatic Data Processing 0.85% 23,973 $6.2M Reduce -1.6%
OEF iShares S&P 100 ETF 0.83% 17,712 $6.1M Reduce -1.7%
TRV The Travelers Cos Inc. 0.80% 20,123 $5.8M Reduce -0.3%
VGSH Vanguard Short-Term Treasury 0.66% 81,531 $4.8M Reduce -0.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.65% 22,229 $4.7M Add +6.1%
C Citigroup Inc. 0.64% 40,004 $4.7M Reduce -0.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.63% 24,034 $4.6M Reduce -0.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.63% 83,032 $4.6M Add +5.3%
MS Morgan Stanley 0.62% 25,383 $4.5M Add +0.6%
VYM Vanguard High DVD Yield ETF 0.54% 27,553 $4.0M No change
MDLZ Mondelez International Inc. Class A 0.50% 67,594 $3.6M Reduce -9.1%
VCSH Vanguard S/T Corp. Bond ETF 0.49% 45,158 $3.6M Add +0.9%
EOG EOG Resources Inc. 0.49% 34,151 $3.6M Add +0.9%
TXN Texas Instruments Inc. 0.49% 20,483 $3.6M Reduce -3.7%
MTB M & T Bank Corp. filed as M & T BK CORP 0.48% 17,484 $3.5M Add +1.4%
EES Wisdomtree US Smallcap Fund 0.48% 61,811 $3.5M Reduce -1.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.48% 11,843 $3.5M Reduce -2.1%
BIL SS SPDR BB 1-3M T-Bill ETF 0.46% 37,057 $3.4M Add +56.0%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.45% 18,416 $3.3M Add +10.9%
CVS CVS Health Corp. 0.42% 38,634 $3.1M Reduce -3.9%
EZM Wisdomtree US Midcap Fund 0.42% 45,710 $3.1M Reduce -1.4%
COF Capital One Financial Corp. 0.37% 11,190 $2.7M Reduce -1.5%
IJR iShares Core S&P Small-Cap E 0.36% 21,821 $2.6M Reduce -0.5%
CB Chubb Ltd. 0.36% 8,338 $2.6M Add +16.0%
MMM 3M Co. 0.35% 15,994 $2.6M Reduce -1.2%
VZ Verizon Communications Inc. 0.34% 61,022 $2.5M Add +5.0%
VXUS Vanguard Total Intl Stock 0.34% 32,875 $2.5M No change
VOO Vanguard S&P 500 ETF 0.33% 3,846 $2.4M Reduce -5.0%
HSY The Hershey Co. 0.33% 13,159 $2.4M Reduce -6.6%
BLK BlackRock Inc. 0.29% 1,993 $2.1M Reduce -2.7%
T AT&T Inc. 0.27% 79,007 $2.0M Add +0.5%
DLN Wisdomtree US Largecap Divid 0.27% 22,240 $2.0M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 2,849 $1.9M Reduce -0.7%
VTEB Vanguard Tax-Exempt Bond ETF 0.26% 38,200 $1.9M Add +2.1%
D Dominion Energy Inc. 0.26% 32,005 $1.9M Add +106.3%
BND Vanguard Total Bond Market 0.25% 24,189 $1.8M Reduce -0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.25% 15,711 $1.8M Reduce -6.7%
AGG iShares Core U.S. Aggregate 0.22% 16,262 $1.6M Reduce -5.5%
UPS United Parcel Service Class B 0.21% 15,772 $1.6M Reduce -9.2%
MA Mastercard Inc. Class A 0.21% 2,675 $1.5M Reduce -1.5%
IJH iShares Core S&P Midcap ETF 0.21% 23,119 $1.5M Reduce -0.5%
JCI Johnson Controls Internation 0.21% 12,645 $1.5M Reduce -2.1%
DON Wisdomtree US Midcap Dividen 0.20% 28,251 $1.5M No change
AXP American Express Co. 0.20% 3,913 $1.4M No change
HD Home Depot Inc. 0.20% 4,143 $1.4M Reduce -1.4%
UNP Union Pacific Corp. 0.19% 5,960 $1.4M Reduce -0.3%
DVN Devon Energy Corp. 0.18% 36,820 $1.3M Reduce -11.2%
KO The Coca-Cola Co. 0.18% 19,202 $1.3M Add +0.0%
SBUX Starbucks Corp. 0.15% 12,868 $1.1M Reduce -0.4%
RSP Invesco S&P 500 Equal Weight 0.14% 5,371 $1.0M No change
STT State Street Corp. 0.14% 7,972 $1.0M Reduce -1.2%
PFF iShares Preferred & Income S 0.14% 32,292 $1000K Reduce -0.9%
UNH Unitedhealth Group Inc. 0.13% 2,885 $952K Reduce -9.1%
IVV iShares Core S&P 500 ETF 0.13% 1,390 $952K Reduce -0.7%
WMT Walmart Inc. 0.13% 8,539 $951K No change
LLY Eli Lilly & Co. 0.13% 880 $946K No change
ERIE Erie Indemnity Company Class A 0.13% 3,269 $937K Reduce -2.5%
IWN iShares Russell 2000 Value E 0.13% 5,151 $933K Reduce -1.1%
GIS General Mills Inc. 0.12% 19,346 $900K Reduce -32.0%
IVW iShares S&P 500 Growth ETF 0.12% 7,297 $899K Reduce -1.0%
LOW Lowe's Cos Inc. 0.11% 3,318 $800K Reduce -8.0%
BUD Anheuser-Busch Inbev-SPN ADR 0.10% 11,725 $751K Add +14.1%
BAM Brookfield Asset Mgmt-A 0.10% 13,295 $697K Reduce -1.3%
EFA iShares MSCI Eafe ETF 0.09% 6,858 $659K No change
AMGN Amgen Inc. 0.09% 1,932 $632K No change
VIG Vanguard Dividend Apprec ETF 0.08% 2,767 $608K No change
COST Costco Wholesale Corp. 0.08% 670 $578K No change
QQQ Invesco QQQ Trust Series 1 0.08% 937 $576K No change
TFC Truist Financial Corp. 0.08% 11,293 $556K Reduce -2.9%
ITOT iShares Core S&P Total U.S. 0.08% 3,695 $549K No change
META Meta Platforms Inc. Class A 0.06% 716 $473K Add +38.8%
ZBH Zimmer Biomet Holdings Inc. 0.06% 5,248 $472K Reduce -12.0%
SLB SLB Ltd. filed as SLB LIMITED 0.06% 12,018 $461K Add +1.4%
ADBE Adobe Inc. 0.06% 1,268 $444K Reduce -24.2%
VCIT Vanguard Int-Term Corporate 0.06% 5,230 $438K No change
BX Blackstone Inc. 0.06% 2,655 $409K Add +47.5%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.06% 4,156 $406K Reduce -34.9%
SCHB Schwab US Broad Market ETF 0.05% 15,000 $393K No change
CLX Clorox Company 0.05% 3,674 $370K Reduce -3.9%
VUSB Vanguard Ultra Short Bond Et 0.05% 7,050 $351K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.04% 1,175 $328K Reduce -0.4%
STZ Constellation Brands Inc. Class A 0.04% 2,268 $313K New
MOAT Vaneck Morningstar Wide Moat 0.04% 2,701 $280K No change
PFE Pfizer Inc. 0.04% 11,157 $278K Reduce -19.6%
KVUE Kenvue Inc. 0.04% 16,100 $278K Add +3.2%
DWM Wisdomtree International Equ 0.03% 3,695 $254K No change
OBT Orange County Bancorp Inc. 0.03% 8,300 $237K New
LSTR Landstar System Inc. 0.03% 1,500 $216K Reduce -11.8%
MKC.V McCormick & Co. Inc. VTG Com 0.03% 3,108 $212K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.03% 2,624 $210K Reduce -8.7%

Portfolio Sells Q3 2025 → Q4 2025
ORCL Oracle Corp. Reduce -4.8% 1.93% −1.09
MSFT Microsoft Corp. Reduce -0.2% 5.44% −0.58
ABT Abbott Laboratories Reduce -0.9% 1.56% −0.18
ADP Automatic Data Processing Reduce -1.6% 0.85% −0.17
MDLZ Mondelez International Inc. Class A Reduce -9.1% 0.50% −0.16
PG The Procter & Gamble Co. Reduce -1.5% 1.17% −0.14
APD Air Products & Chemicals Inc. Reduce -1.2% 0.86% −0.13
ABBV Abbvie Inc. Reduce -1.0% 2.10% −0.12
IWR iShares Russell Mid-Cap ETF Reduce -1.1% 2.22% −0.10
VGT Vanguard Info Tech ETF Reduce -5.2% 1.16% −0.09
BSV Vanguard Short-Term Bond ETF Reduce -4.2% 1.03% −0.08
GIS General Mills Inc. Reduce -32.0% 0.12% −0.08
TXN Texas Instruments Inc. Reduce -3.7% 0.49% −0.07
K Kellanova Sold out 0.00% −0.07
MCD McDonald's Corp. Reduce -0.8% 1.55% −0.05
VTI VG Morningstar TS MKT ETF-US Reduce -1.8% 1.78% −0.05
HD Home Depot Inc. Reduce -1.4% 0.20% −0.05
BLK BlackRock Inc. Reduce -2.7% 0.29% −0.05
HSY The Hershey Co. Reduce -6.6% 0.33% −0.04
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.2% 0.93% −0.04
SJM The JM Smucker Co. Reduce -34.9% 0.06% −0.04
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.3% 1.40% −0.04
PEP Pepsico Inc. Reduce -2.1% 1.34% −0.04
IWM iShares Russell 2000 ETF Reduce -1.6% 1.29% −0.04
DIS The Walt Disney Co. Reduce -6.7% 0.25% −0.03
VGSH Vanguard Short-Term Treasury Reduce -0.8% 0.66% −0.03
UNH Unitedhealth Group Inc. Reduce -9.1% 0.13% −0.02
ADBE Adobe Inc. Reduce -24.2% 0.06% −0.02
ERIE Erie Indemnity Company Class A Reduce -2.5% 0.13% −0.02
AGG iShares Core U.S. Aggregate Reduce -5.5% 0.22% −0.02
DVN Devon Energy Corp. Reduce -11.2% 0.18% −0.02
VOO Vanguard S&P 500 ETF Reduce -5.0% 0.33% −0.02
LOW Lowe's Cos Inc. Reduce -8.0% 0.11% −0.02
ZBH Zimmer Biomet Holdings Inc. Reduce -12.0% 0.06% −0.02
CLX Clorox Company Reduce -3.9% 0.05% −0.02
OEF iShares S&P 100 ETF Reduce -1.7% 0.83% −0.02
EZM Wisdomtree US Midcap Fund Reduce -1.4% 0.42% −0.01
BAM Brookfield Asset Mgmt-A Reduce -1.3% 0.10% −0.01
PFE Pfizer Inc. Reduce -19.6% 0.04% −0.01
EES Wisdomtree US Smallcap Fund Reduce -1.0% 0.48% −0.01
UNP Union Pacific Corp. Reduce -0.3% 0.19% −0.01
V Visa Inc. Class A Reduce -0.6% 1.02% −0.01
BND Vanguard Total Bond Market Reduce -0.5% 0.25% −0.01
IJR iShares Core S&P Small-Cap E Reduce -0.5% 0.36% −0.01
MA Mastercard Inc. Class A Reduce -1.5% 0.21% −0.01
PFF iShares Preferred & Income S Reduce -0.9% 0.14% −0.01
CVS CVS Health Corp. Reduce -3.9% 0.42% −0.01
SBUX Starbucks Corp. Reduce -0.4% 0.15% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.2% 0.63% −0.01
IJH iShares Core S&P Midcap ETF Reduce -0.5% 0.21% −0.01

Portfolio Buys Q3 2025 → Q4 2025
CAT Caterpillar Inc. Add +0.6% 3.21% +0.47
GOOGL Alphabet Inc. Class A Add +2.0% 1.57% +0.34
WFC Wells Fargo & Co. Add +14.4% 1.09% +0.21
BRK.B Berkshire Hathaway Inc. Class B Add +5.4% 8.03% +0.17
USB US Bancorp Add +11.4% 1.05% +0.17
BIL SS SPDR BB 1-3M T-Bill ETF Add +56.0% 0.46% +0.16
MKL Markel Group Inc. Add +9.5% 0.89% +0.14
D Dominion Energy Inc. Add +106.3% 0.26% +0.12
AMZN Amazon.com Inc. Add +8.6% 0.96% +0.09
CB Chubb Ltd. Add +16.0% 0.36% +0.07
BN Brookfield Corp. Add +10.1% 1.02% +0.07
BAC Bank of America Corp. Add +5.3% 0.63% +0.05
MS Morgan Stanley Add +0.6% 0.62% +0.05
STZ Constellation Brands Inc. Class A New 0.04% +0.04
VOE Vngrd Mrngstr MD-Cap Val ETF Add +10.9% 0.45% +0.04
OBT Orange County Bancorp Inc. New 0.03% +0.03
VBR Vngrd Mrngst SL-CP Val ETF-U Add +6.1% 0.65% +0.03
BUD Anheuser-Busch Inbev-SPN ADR Add +14.1% 0.10% +0.02
DE Deere & Co. Add +2.3% 1.61% +0.02
BX Blackstone Inc. Add +47.5% 0.06% +0.01
META Meta Platforms Inc. Class A Add +38.8% 0.06% +0.01
SLB SLB Ltd. Add +1.4% 0.06% +0.01
KO The Coca-Cola Co. Add +0.0% 0.18% +0.00
KVUE Kenvue Inc. Add +3.2% 0.04% +0.00
MTB M & T Bank Corp. Add +1.4% 0.48% +0.00
VTEB Vanguard Tax-Exempt Bond ETF Add +2.1% 0.26% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Add +0.3% 0.87% −0.01
VCSH Vanguard S/T Corp. Bond ETF Add +0.9% 0.49% −0.01
JPM JPMorgan Chase & Co. Add +0.7% 5.02% −0.01
CVX Chevron Corp. Add +4.0% 1.42% −0.02
VZ Verizon Communications Inc. Add +5.0% 0.34% −0.02
EOG EOG Resources Inc. Add +0.9% 0.49% −0.04
T AT&T Inc. Add +0.5% 0.27% −0.04

Notes & Other Activity Q3 2025 → Q4 2025
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) DEB 4.000%11/1 · principal Sold out 40,000 $3Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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