Culbertson A N & Co. Inc.

Q2 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Culbertson A N & Co. Inc. reported 131 stock positions worth $770.9 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 7.4% of the portfolio, followed by Apple (AAPL, 5.9%) and Johnson & Johnson (JNJ, 5.3%). Compared with Q4 2025, it opened 15 new positions, sold out of 12, added to 45 and reduced 57. The biggest buy was Johnson & Johnson (JNJ, shares +123%) and the biggest sale JPMorgan Chase (JPM, shares −4%).

Most Recent 13F: Q2 2026
Location: Charlottesville, VA
CIK: 0001224890
Portfolio Value: $770.9M (Q1 2026)
SEC Filing: 0001172661-26-001729 ↗ filed May 12, 2026

Holdings Value

Holdings 131 stocks · $770.9M


BRK.B Berkshire Hathaway Inc. Class B	7.44%	119,626	$57.3M	Add +2.8%
AAPL Apple Inc.	5.90%	179,222	$45.5M	Add +3.6%
JNJ Johnson & Johnson	5.29%	166,982	$40.8M	Add +123.4%
JPM JPMorgan Chase & Co.	4.18%	109,485	$32.2M	Reduce -3.6%
MSFT Microsoft Corp.	4.03%	83,877	$31.0M	Add +2.3%
CAT Caterpillar Inc.	3.65%	39,682	$28.1M	Reduce -3.0%
GS Goldman Sachs Group Inc.	2.91%	26,555	$22.5M	Reduce -2.3%
GOOG Alphabet Inc. Class C	2.49%	67,013	$19.2M	Reduce -1.1%
CMI Cummins Inc.	2.39%	34,260	$18.4M	Reduce -1.4%
ABBV Abbvie Inc.	2.27%	80,406	$17.5M	Add +19.8%
MCK McKesson Corp.	2.23%	19,898	$17.2M	Reduce -3.8%
IWR iShares Russell Mid-Cap ETF	2.08%	164,662	$16.0M	Reduce -1.9%
XOM Exxon Mobil Corp.	2.06%	93,604	$15.9M	Add +27.8%
CVX Chevron Corp.	1.88%	69,966	$14.5M	Add +2.8%
DE Deere & Co.	1.81%	24,722	$13.9M	Reduce -2.0%
ORCL Oracle Corp.	1.78%	93,518	$13.8M	Add +29.6%
VTI VG Morningstar TS MKT ETF-US	1.55%	37,184	$11.9M	Reduce -3.9%
MCD McDonald's Corp.	1.45%	35,873	$11.1M	Reduce -2.8%
GOOGL Alphabet Inc. Class A	1.36%	36,526	$10.5M	Reduce -0.4%
VB Vanguard Most SM-Cap ETF-Usd	1.35%	39,650	$10.4M	Add +0.1%
PEP Pepsico Inc.	1.33%	65,836	$10.2M	Reduce -3.6%
ABT Abbott Laboratories	1.23%	92,218	$9.5M	Add +1.8%
FDX FedEx Corp.	1.22%	26,312	$9.4M	Reduce -0.7%
IWM iShares Russell 2000 ETF	1.20%	37,383	$9.3M	Reduce -2.1%
GLW Corning Inc.	1.17%	66,541	$9.0M	Reduce -24.6%
AMZN Amazon.com Inc.	1.12%	41,515	$8.6M	Add +36.4%
PG The Procter & Gamble Co.	1.10%	58,922	$8.5M	Reduce -1.1%
USB US Bancorp	1.09%	161,603	$8.4M	Add +12.8%
BN Brookfield Corp.	1.04%	198,648	$8.0M	Add +22.3%
APD Air Products & Chemicals Inc.	1.02%	27,117	$7.9M	Add +6.7%
BSV Vanguard Short-Term Bond ETF	1.01%	99,061	$7.8M	Add +3.7%
VGT Vanguard Info Tech ETF	1.00%	11,065	$7.7M	Reduce -1.4%
MKL Markel Group Inc.	0.98%	3,952	$7.6M	Add +31.2%
V Visa Inc. Class A	0.94%	23,961	$7.2M	Add +13.0%
CSCO Cisco Systems Inc.	0.94%	92,994	$7.2M	Reduce -8.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.88%	23,732	$6.8M	Add +1.4%
WFC Wells Fargo & Co.	0.87%	84,621	$6.7M	Reduce -1.2%
EOG EOG Resources Inc.	0.78%	41,649	$6.0M	Add +22.0%
OEF iShares S&P 100 ETF	0.72%	17,567	$5.6M	Reduce -0.8%
WMT Walmart Inc.	0.70%	43,172	$5.4M	Add +405.6%
VUG Vanguard Mrngstar GR ETF-Sui	0.69%	12,191	$5.3M	Reduce -5.9%
TRV The Travelers Cos Inc.	0.69%	18,113	$5.3M	Reduce -10.0%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.66%	23,452	$5.1M	Add +5.5%
VGSH Vanguard Short-Term Treasury	0.61%	80,906	$4.7M	Reduce -0.8%
ADP Automatic Data Processing	0.61%	23,113	$4.7M	Reduce -3.6%
VTV Vanguard Mrngstr Val ETF-Aui	0.59%	23,373	$4.6M	Reduce -2.8%
C Citigroup Inc.	0.57%	38,723	$4.4M	Reduce -3.2%
MS Morgan Stanley	0.55%	25,673	$4.2M	Add +1.1%
TXN Texas Instruments Inc.	0.52%	20,686	$4.0M	Add +1.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.52%	81,642	$4.0M	Reduce -1.7%
VYM Vanguard High DVD Yield ETF	0.50%	26,053	$3.9M	Reduce -5.4%
VZ Verizon Communications Inc.	0.50%	76,167	$3.8M	Add +24.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.49%	23,441	$3.7M	New
COF Capital One Financial Corp.	0.48%	20,408	$3.7M	Add +82.4%
VOE Vngrd Mrngstr MD-Cap Val ETF	0.48%	20,182	$3.7M	Add +9.6%
BIL SS SPDR BB 1-3M T-Bill ETF	0.48%	40,014	$3.7M	Add +8.0%
EES Wisdomtree US Smallcap Fund	0.46%	61,709	$3.6M	Reduce -0.2%
MTB M & T Bank Corp. filed as M & T BK CORP	0.46%	17,124	$3.5M	Reduce -2.1%
VCSH Vanguard S/T Corp. Bond ETF	0.45%	43,968	$3.5M	Reduce -2.6%
STT State Street Corp.	0.45%	27,273	$3.5M	Add +242.1%
EZM Wisdomtree US Midcap Fund	0.40%	45,625	$3.1M	Reduce -0.2%
VXUS Vanguard Total Intl Stock	0.38%	37,545	$2.9M	Add +14.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.35%	11,290	$2.7M	Reduce -4.7%
IJR iShares Core S&P Small-Cap E	0.35%	21,796	$2.7M	Reduce -0.1%
VOO Vanguard S&P 500 ETF	0.35%	4,524	$2.7M	Add +17.6%
MDLZ Mondelez International Inc. Class A	0.34%	45,970	$2.6M	Reduce -32.0%
HSY The Hershey Co.	0.34%	12,559	$2.6M	Reduce -4.6%
CVS CVS Health Corp.	0.32%	34,704	$2.5M	Reduce -10.2%
AMGN Amgen Inc.	0.31%	6,827	$2.4M	Add +253.4%
D Dominion Energy Inc.	0.31%	38,269	$2.4M	Add +19.6%
T AT&T Inc.	0.30%	78,818	$2.3M	Reduce -0.2%
MMM 3M Co.	0.29%	15,186	$2.2M	Reduce -5.0%
VTEB Vanguard Tax-Exempt Bond ETF	0.28%	42,940	$2.1M	Add +12.4%
UPS United Parcel Service Class B	0.26%	20,069	$2.0M	Add +27.2%
DLN Wisdomtree US Largecap Divid	0.25%	21,560	$1.9M	Reduce -3.1%
DVN Devon Energy Corp.	0.23%	35,920	$1.8M	Reduce -2.4%
SPY SS SPDR S&P 500 ETF Trust-US	0.23%	2,767	$1.8M	Reduce -2.9%
BND Vanguard Total Bond Market	0.23%	24,089	$1.8M	Reduce -0.4%
UNP Union Pacific Corp.	0.22%	6,904	$1.7M	Add +15.8%
JCI Johnson Controls Internation	0.21%	12,086	$1.6M	Reduce -4.4%
AGG iShares Core U.S. Aggregate	0.20%	15,862	$1.6M	Reduce -2.5%
KO The Coca-Cola Co.	0.20%	20,416	$1.6M	Add +6.3%
IJH iShares Core S&P Midcap ETF	0.20%	22,984	$1.6M	Reduce -0.6%
DON Wisdomtree US Midcap Dividen	0.19%	28,251	$1.5M	No change
SPIP SS SPDR P Tips ETF	0.19%	56,780	$1.5M	New
HD Home Depot Inc.	0.18%	4,186	$1.4M	Add +1.0%
TFC Truist Financial Corp.	0.18%	29,496	$1.4M	Add +161.2%
MA Mastercard Inc. Class A	0.17%	2,665	$1.3M	Reduce -0.4%
AXP American Express Co.	0.15%	3,913	$1.2M	No change
BX Blackstone Inc.	0.15%	10,088	$1.2M	Add +280.0%
PAYX Paychex Inc.	0.15%	12,513	$1.2M	New
RSP Invesco S&P 500 Equal Weight	0.14%	5,770	$1.1M	Add +7.4%
SBUX Starbucks Corp.	0.14%	12,293	$1.1M	Reduce -4.5%
GWX State Street SPDR S&P Intern	0.13%	24,097	$1.0M	New
PFF iShares Preferred & Income S	0.13%	32,292	$979K	No change
IWN iShares Russell 2000 Value E	0.13%	5,151	$977K	No change
ZTS Zoetis Inc.	0.13%	8,182	$967K	New
PGR Progressive Corp.	0.11%	4,331	$859K	New
IVV iShares Core S&P 500 ETF	0.11%	1,295	$846K	Reduce -6.8%
LOW Lowe's Cos Inc.	0.11%	3,518	$831K	Add +6.0%
LLY Eli Lilly & Co.	0.10%	880	$809K	No change
ERIE Erie Indemnity Company Class A	0.09%	2,803	$704K	Reduce -14.3%
META Meta Platforms Inc. Class A	0.09%	1,205	$689K	Add +68.3%
SLB SLB Ltd. filed as SLB LIMITED	0.09%	13,095	$673K	Add +9.0%
EFA iShares MSCI Eafe ETF	0.09%	6,858	$666K	No change
OMC Omnicom Group	0.09%	8,761	$660K	New
VIG Vanguard Dividend Apprec ETF	0.08%	2,767	$595K	No change
QQQ Invesco QQQ Trust Series 1	0.08%	1,027	$593K	Add +9.6%
COST Costco Wholesale Corp.	0.08%	585	$583K	Reduce -12.7%
VGUS Vanguard Ultra SHRT Treasury	0.08%	7,700	$583K	New
BAM Brookfield Asset Mgmt-A	0.07%	12,916	$574K	Reduce -2.9%
ITOT iShares Core S&P Total U.S.	0.07%	3,695	$526K	No change
CMCSA Comcast Corp. Class A	0.07%	18,209	$523K	New
NKE Nike Inc. Class B	0.06%	9,435	$498K	New
VCIT Vanguard Int-Term Corporate	0.06%	5,230	$433K	No change
SCHB Schwab US Broad Market ETF	0.05%	15,000	$377K	No change
STZ Constellation Brands Inc. Class A	0.04%	2,288	$343K	Add +0.9%
EFV iShares MSCI Eafe Value ETF	0.04%	4,595	$342K	New
VUSB Vanguard Ultra Short Bond Et	0.04%	6,650	$331K	Reduce -5.7%
CLX Clorox Company	0.04%	3,134	$325K	Reduce -14.7%
IEFA iShares Core MSCI Eafe ETF	0.04%	3,376	$306K	New
VOT Vngrd Mrngstr MC GRW ETF-Usd	0.04%	1,175	$302K	No change
GIS General Mills Inc.	0.04%	7,910	$294K	Reduce -59.1%
KVUE Kenvue Inc.	0.03%	15,200	$262K	Reduce -5.6%
MOAT Vaneck Morningstar Wide Moat	0.03%	2,701	$261K	No change
DWM Wisdomtree International Equ	0.03%	3,695	$258K	No change
GEV GE Vernova Inc.	0.03%	269	$235K	New
BA The Boeing Co.	0.03%	1,074	$214K	New
PFE Pfizer Inc.	0.03%	7,582	$213K	Reduce -32.0%
SPYM Ste STR SPDR PT S&P 500 ETF	0.03%	2,624	$201K	No change
PSKY Paramount Skydance Class B	0.02%	15,973	$144K	New

Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)

Security	Class	Shares / Principal	Value	Change
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29)	DEB 4.000%11/1 · principal	40,000	$2K	New

Total filed on the 13F, all lines: $770.9M.

Portfolio Sells Q4 2025 → Q1 2026


JPM JPMorgan Chase & Co.	Reduce -3.6%	4.18%	−0.84
GOOG Alphabet Inc. Class C	Reduce -1.1%	2.49%	−0.42
GS Goldman Sachs Group Inc.	Reduce -2.3%	2.91%	−0.36
CB Chubb Ltd.	Sold out	0.00%	−0.36
BLK BlackRock Inc.	Sold out	0.00%	−0.29
DIS The Walt Disney Co.	Sold out	0.00%	−0.25
ADP Automatic Data Processing	Reduce -3.6%	0.61%	−0.24
VTI VG Morningstar TS MKT ETF-US	Reduce -3.9%	1.55%	−0.23
WFC Wells Fargo & Co.	Reduce -1.2%	0.87%	−0.22
GOOGL Alphabet Inc. Class A	Reduce -0.4%	1.36%	−0.21
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -5.9%	0.69%	−0.18
VGT Vanguard Info Tech ETF	Reduce -1.4%	1.00%	−0.16
MDLZ Mondelez International Inc. Class A	Reduce -32.0%	0.34%	−0.16
IWR iShares Russell Mid-Cap ETF	Reduce -1.9%	2.08%	−0.14
CSCO Cisco Systems Inc.	Reduce -8.5%	0.94%	−0.14
UNH Unitedhealth Group Inc.	Sold out	0.00%	−0.13
IBM Intl Business Machines Corp.	Reduce -4.7%	0.35%	−0.13
IVW iShares S&P 500 Growth ETF	Sold out	0.00%	−0.12
TRV The Travelers Cos Inc.	Reduce -10.0%	0.69%	−0.12
BAC Bank of America Corp.	Reduce -1.7%	0.52%	−0.11
OEF iShares S&P 100 ETF	Reduce -0.8%	0.72%	−0.11
BUD Anheuser-Busch Inbev-SPN ADR	Sold out	0.00%	−0.10
MCD McDonald's Corp.	Reduce -2.8%	1.45%	−0.10
CVS CVS Health Corp.	Reduce -10.2%	0.32%	−0.10
MCK McKesson Corp.	Reduce -3.8%	2.23%	−0.09
IWM iShares Russell 2000 ETF	Reduce -2.1%	1.20%	−0.09
GIS General Mills Inc.	Reduce -59.1%	0.04%	−0.09
C Citigroup Inc.	Reduce -3.2%	0.57%	−0.07
PG The Procter & Gamble Co.	Reduce -1.1%	1.10%	−0.07
MMM 3M Co.	Reduce -5.0%	0.29%	−0.07
ZBH Zimmer Biomet Holdings Inc.	Sold out	0.00%	−0.06
ADBE Adobe Inc.	Sold out	0.00%	−0.06
SJM The JM Smucker Co.	Sold out	0.00%	−0.06
VGSH Vanguard Short-Term Treasury	Reduce -0.8%	0.61%	−0.04
VYM Vanguard High DVD Yield ETF	Reduce -5.4%	0.50%	−0.04
CMI Cummins Inc.	Reduce -1.4%	2.39%	−0.04
VCSH Vanguard S/T Corp. Bond ETF	Reduce -2.6%	0.45%	−0.04
ERIE Erie Indemnity Company Class A	Reduce -14.3%	0.09%	−0.04
MA Mastercard Inc. Class A	Reduce -0.4%	0.17%	−0.04
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -2.8%	0.59%	−0.03
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -2.9%	0.23%	−0.03
OBT Orange County Bancorp Inc.	Sold out	0.00%	−0.03
LSTR Landstar System Inc.	Sold out	0.00%	−0.03
MKC.V McCormick & Co. Inc. VTG Com	Sold out	0.00%	−0.03
MTB M & T Bank Corp.	Reduce -2.1%	0.46%	−0.02
BAM Brookfield Asset Mgmt-A	Reduce -2.9%	0.07%	−0.02
EZM Wisdomtree US Midcap Fund	Reduce -0.2%	0.40%	−0.02
IVV iShares Core S&P 500 ETF	Reduce -6.8%	0.11%	−0.02
DLN Wisdomtree US Largecap Divid	Reduce -3.1%	0.25%	−0.02
PEP Pepsico Inc.	Reduce -3.6%	1.33%	−0.02

Portfolio Buys Q4 2025 → Q1 2026


JNJ Johnson & Johnson	Add +123.4%	5.29%	+3.17
XOM Exxon Mobil Corp.	Add +27.8%	2.06%	+0.85
WMT Walmart Inc.	Add +405.6%	0.70%	+0.57
TJX TJX Companies Inc.	New	0.49%	+0.49
CVX Chevron Corp.	Add +2.8%	1.88%	+0.45
STT State Street Corp.	Add +242.1%	0.45%	+0.31
EOG EOG Resources Inc.	Add +22.0%	0.78%	+0.29
AMGN Amgen Inc.	Add +253.4%	0.31%	+0.22
SPIP SS SPDR P Tips ETF	New	0.19%	+0.19
ABBV Abbvie Inc.	Add +19.8%	2.27%	+0.16
APD Air Products & Chemicals Inc.	Add +6.7%	1.02%	+0.16
AMZN Amazon.com Inc.	Add +36.4%	1.12%	+0.16
VZ Verizon Communications Inc.	Add +24.8%	0.50%	+0.15
PAYX Paychex Inc.	New	0.15%	+0.15
GWX State Street SPDR S&P Intern	New	0.13%	+0.13
ZTS Zoetis Inc.	New	0.13%	+0.13
PGR Progressive Corp.	New	0.11%	+0.11
COF Capital One Financial Corp.	Add +82.4%	0.48%	+0.11
TFC Truist Financial Corp.	Add +161.2%	0.18%	+0.10
BX Blackstone Inc.	Add +280.0%	0.15%	+0.09
MKL Markel Group Inc.	Add +31.2%	0.98%	+0.09
OMC Omnicom Group	New	0.09%	+0.09
VGUS Vanguard Ultra SHRT Treasury	New	0.08%	+0.08
CMCSA Comcast Corp. Class A	New	0.07%	+0.07
NKE Nike Inc. Class B	New	0.06%	+0.06
D Dominion Energy Inc.	Add +19.6%	0.31%	+0.05
EFV iShares MSCI Eafe Value ETF	New	0.04%	+0.04
USB US Bancorp	Add +12.8%	1.09%	+0.04
UPS United Parcel Service Class B	Add +27.2%	0.26%	+0.04
IEFA iShares Core MSCI Eafe ETF	New	0.04%	+0.04
VXUS Vanguard Total Intl Stock	Add +14.2%	0.38%	+0.04
VOE Vngrd Mrngstr MD-Cap Val ETF	Add +9.6%	0.48%	+0.03
TXN Texas Instruments Inc.	Add +1.0%	0.52%	+0.03
GEV GE Vernova Inc.	New	0.03%	+0.03
UNP Union Pacific Corp.	Add +15.8%	0.22%	+0.03
BA The Boeing Co.	New	0.03%	+0.03
META Meta Platforms Inc. Class A	Add +68.3%	0.09%	+0.02
SLB SLB Ltd.	Add +9.0%	0.09%	+0.02
BN Brookfield Corp.	Add +22.3%	1.04%	+0.02
VOO Vanguard S&P 500 ETF	Add +17.6%	0.35%	+0.02
PSKY Paramount Skydance Class B	New	0.02%	+0.02
KO The Coca-Cola Co.	Add +6.3%	0.20%	+0.02
VBR Vngrd Mrngst SL-CP Val ETF-U	Add +5.5%	0.66%	+0.01
VTEB Vanguard Tax-Exempt Bond ETF	Add +12.4%	0.28%	+0.01
BIL SS SPDR BB 1-3M T-Bill ETF	Add +8.0%	0.48%	+0.01
RSP Invesco S&P 500 Equal Weight	Add +7.4%	0.14%	+0.00
STZ Constellation Brands Inc. Class A	Add +0.9%	0.04%	+0.00
LOW Lowe's Cos Inc.	Add +6.0%	0.11%	−0.00
QQQ Invesco QQQ Trust Series 1	Add +9.6%	0.08%	−0.00
HD Home Depot Inc.	Add +1.0%	0.18%	−0.02

Notes & Other Activity Q4 2025 → Q1 2026


LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29)	DEB 4.000%11/1 · principal	New	40,000	$2K

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

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	139	$858.7M	BRK.B, AAPL, JNJ, CAT, JPM
Q1 2026	131	$770.9M	BRK.B, AAPL, JNJ, JPM, MSFT
Q4 2025	128	$728.9M	BRK.B, AAPL, MSFT, JPM, GS
Q3 2025	127	$706.6M	BRK.B, AAPL, MSFT, JPM, GS
Q2 2025	126	$651.3M	BRK.B, MSFT, AAPL, JPM, GS
Q1 2025	123	$626.0M	BRK.B, AAPL, MSFT, JPM, GS
Q4 2024	125	$628.7M	BRK.B, AAPL, MSFT, JPM, GS
Q3 2024	125	$621.1M	BRK.B, AAPL, MSFT, JPM, CAT
Q2 2024	120	$572.6M	BRK.B, AAPL, MSFT, JPM, IWR
Q1 2024	121	$579.3M	BRK.B, MSFT, AAPL, JPM, CAT