Cullinan Associates Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 10, 2024), Cullinan Associates Inc. reported 231 stock positions worth $1.8 billion. Its top holding was Apple (AAPL) at 9.5% of the portfolio, followed by Walmart (WMT, 6.1%) and Microsoft (MSFT, 4.8%). Compared with Q1 2024, it opened 6 new positions, sold out of 17, added to 62 and reduced 93. The biggest buy was Apple (AAPL, shares +4%) and the biggest sale Amgen (AMGN, shares −71%).
- Most Recent 13F
- Q2 2026
- Location
- LOUISVILLE, KY
- CIK
- 0001161670
- Portfolio Value
- $1.8B (Q2 2024)
- SEC Filing
- 0001161670-24-000003 ↗ filed Jul 10, 2024
Holdings Value
Holdings 231 stocks · $1.8B
| AAPL Apple Inc. | 9.47% | 795,059 | $167.5M | Add +4.5% |
| WMT Walmart Inc. | 6.13% | 1,599,173 | $108.3M | Reduce -0.1% |
| MSFT Microsoft Corp. | 4.83% | 191,060 | $85.4M | Reduce -1.1% |
| KO The Coca-Cola Co. | 4.77% | 1,323,214 | $84.2M | Add +9.4% |
| COIN Coinbase Global Inc. Class A | 3.78% | 300,625 | $66.8M | Reduce -0.5% |
| SPGI S&P Global Inc. | 3.22% | 127,600 | $56.9M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 2.74% | 293,428 | $48.4M | Reduce -3.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.09% | 67,987 | $37.0M | Add +3.4% |
| XOM Exxon Mobil Corp. | 2.05% | 314,776 | $36.2M | Add +7.3% |
| JNJ Johnson & Johnson | 1.90% | 229,326 | $33.5M | Reduce -4.0% |
| AMZN Amazon.com Inc. | 1.73% | 158,377 | $30.6M | Reduce -4.2% |
| GOOGL Alphabet Inc. Class A | 1.62% | 156,922 | $28.6M | Add +57.4% |
| CVX Chevron Corp. | 1.61% | 181,452 | $28.4M | Reduce -3.6% |
| VRTX Vertex Pharmaceuticals Inc. | 1.48% | 55,662 | $26.1M | Reduce -1.1% |
| EA Electronic Arts Inc. | 1.46% | 185,218 | $25.8M | Reduce -4.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.41% | 144,445 | $25.0M | Reduce -5.0% |
| V Visa Inc. Class A | 1.28% | 86,039 | $22.6M | Add +33.7% |
| NVDA Nvidia Corp. | 1.26% | 180,944 | $22.4M | Reduce -19.6% |
| MCD McDonald's Corp. | 1.26% | 87,628 | $22.3M | Reduce -2.1% |
| LOW Lowe's Cos Inc. | 1.26% | 100,923 | $22.2M | Reduce -2.8% |
| AMAT Applied Materials Inc. | 1.22% | 91,328 | $21.6M | Reduce -3.6% |
| ORCL Oracle Corp. | 1.20% | 149,720 | $21.1M | Reduce -19.0% |
| TXN Texas Instruments Inc. | 1.17% | 106,575 | $20.7M | Reduce -3.5% |
| ABBV Abbvie Inc. | 1.17% | 120,608 | $20.7M | Reduce -5.1% |
| GOOG Alphabet Inc. Class C | 1.17% | 112,521 | $20.6M | Reduce -9.7% |
| CSCO Cisco Systems Inc. | 1.03% | 384,516 | $18.3M | Add +6.8% |
| JPM JPMorgan Chase & Co. | 1.02% | 88,943 | $18.0M | Add +0.0% |
| COST Costco Wholesale Corp. | 0.94% | 19,650 | $16.7M | Add +4.1% |
| AMGN Amgen Inc. | 0.90% | 51,014 | $15.9M | Reduce -70.8% |
| TRV The Travelers Cos Inc. | 0.87% | 75,573 | $15.4M | Add +121.2% |
| AXP American Express Co. | 0.85% | 65,062 | $15.1M | Reduce -3.8% |
| QLYS Qualys Inc. | 0.84% | 103,755 | $14.8M | No change |
| CAT Caterpillar Inc. | 0.80% | 42,620 | $14.2M | Add +1.5% |
| UPS United Parcel Service Class B | 0.80% | 103,310 | $14.1M | Add +75.9% |
| META Meta Platforms Inc. Class A | 0.77% | 26,963 | $13.6M | Add +47.2% |
| LMT Lockheed Martin Corp. | 0.73% | 27,701 | $12.9M | Reduce -0.4% |
| ADBE Adobe Inc. | 0.72% | 22,767 | $12.6M | Reduce -1.7% |
| AFL Aflac Inc. | 0.68% | 133,734 | $11.9M | Reduce -35.3% |
| EMR Emerson Electric Co. | 0.65% | 104,902 | $11.6M | Reduce -3.6% |
| KLAC KLA Corp. | 0.64% | 13,621 | $11.2M | Add +4.1% |
| GS Goldman Sachs Group Inc. | 0.63% | 24,434 | $11.1M | Reduce -8.4% |
| UNH Unitedhealth Group Inc. | 0.60% | 20,952 | $10.7M | Add +25.8% |
| DE Deere & Co. | 0.60% | 28,444 | $10.6M | Add +4.6% |
| LRCX Lam Research Corp. | 0.58% | 9,700 | $10.3M | No change |
| SO The Southern Co. | 0.58% | 131,666 | $10.2M | Reduce -32.4% |
| HD Home Depot Inc. | 0.58% | 29,576 | $10.2M | Add +8.9% |
| WST West Pharmaceutical Services | 0.56% | 30,000 | $9.9M | No change |
| ABNB Airbnb Inc. Class A | 0.54% | 63,487 | $9.6M | Add +22.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.54% | 85,969 | $9.5M | Add +74.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.52% | 92,474 | $9.2M | Add +201.7% |
| ITW Illinois Tool Works | 0.50% | 37,421 | $8.9M | Reduce -12.0% |
| NYT New York Times Co. Class A | 0.50% | 171,531 | $8.8M | Reduce -12.3% |
| COF Capital One Financial Corp. | 0.49% | 62,184 | $8.6M | Add +0.8% |
| LLY Eli Lilly & Co. | 0.48% | 9,283 | $8.4M | Add +40.1% |
| UBER Uber Technologies Inc. | 0.46% | 112,039 | $8.1M | Add +12.9% |
| GILD Gilead Sciences Inc. | 0.45% | 115,332 | $7.9M | Reduce -17.2% |
| PFE Pfizer Inc. | 0.41% | 262,084 | $7.3M | Reduce -5.8% |
| PLD Prologis Inc. | 0.40% | 62,877 | $7.1M | Reduce -31.6% |
| YUM Yum! Brands Inc. | 0.38% | 50,865 | $6.7M | Add +5.2% |
| Berkshire Hathaway Cl B | 0.36% | 15,687 | $6.4M | Reduce -2.2% |
| PRU Prudential Financial Inc. | 0.35% | 52,725 | $6.2M | Reduce -65.2% |
| TFC Truist Financial Corp. | 0.33% | 150,337 | $5.8M | Reduce -0.1% |
| HPQ HP Inc. | 0.33% | 164,660 | $5.8M | Reduce -2.7% |
| TSLA Tesla Inc. | 0.31% | 27,600 | $5.5M | Add +15.8% |
| CRM Salesforce Inc. | 0.31% | 21,222 | $5.5M | Add +21.6% |
| MRK Merck & Co. Inc. | 0.31% | 43,968 | $5.4M | Add +9.2% |
| ABT Abbott Laboratories | 0.30% | 51,494 | $5.4M | Add +2.0% |
| CL Colgate-Palmolive Co. | 0.30% | 54,809 | $5.3M | Reduce -14.9% |
| DT Dynatrace Inc. | 0.30% | 118,036 | $5.3M | No change |
| CMCSA Comcast Corp. Class A | 0.29% | 131,086 | $5.1M | Add +2.5% |
| CVS CVS Health Corp. | 0.28% | 85,287 | $5.0M | Reduce -28.6% |
| AESI Atlas Energy Solutions Inc. | 0.28% | 252,000 | $5.0M | Add +152.0% |
| UNP Union Pacific Corp. | 0.27% | 21,230 | $4.8M | Add +1.6% |
| PM Philip Morris International | 0.27% | 46,734 | $4.7M | Reduce 0.0% |
| PEP Pepsico Inc. | 0.27% | 28,593 | $4.7M | Reduce -3.4% |
| AMT American Tower Corp. | 0.27% | 24,196 | $4.7M | Reduce -4.0% |
| MDT Medtronic PLC | 0.26% | 58,611 | $4.6M | Reduce -13.6% |
| ADI Analog Devices Inc. | 0.26% | 19,821 | $4.5M | Reduce -10.0% |
| CMI Cummins Inc. | 0.26% | 16,326 | $4.5M | Reduce -1.9% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 105,556 | $4.4M | Reduce -3.5% |
| NSC Norfolk Southern Corp. | 0.25% | 20,300 | $4.4M | Add +40.4% |
| INTU Intuit Inc. | 0.25% | 6,610 | $4.3M | Reduce -7.0% |
| VOO Vanguard S&P 500 ETF | 0.24% | 8,641 | $4.3M | No change |
| MS Morgan Stanley | 0.24% | 43,799 | $4.3M | Add +24.4% |
| WSM Williams-Sonoma Inc. | 0.22% | 14,000 | $4.0M | Reduce -12.5% |
| QCOM Qualcomm Inc. | 0.20% | 18,178 | $3.6M | Add +16.3% |
| CHRW C.H. Robinson Worldwide Inc. | 0.20% | 40,300 | $3.6M | No change |
| GLW Corning Inc. | 0.19% | 87,864 | $3.4M | Add +6.6% |
| FAST Fastenal Co. | 0.19% | 52,685 | $3.3M | Reduce -2.4% |
| BX Blackstone Inc. | 0.19% | 26,742 | $3.3M | Add +1.1% |
| MDLZ Mondelez International Inc. Class A | 0.18% | 49,753 | $3.3M | Add +10.2% |
| TEAM Atlassian Corp. Class A | 0.18% | 18,117 | $3.2M | No change |
| ACN Accenture PLC Class A | 0.17% | 9,955 | $3.0M | Reduce -34.0% |
| NOC Northrop Grumman Corp. | 0.17% | 6,697 | $2.9M | Reduce -10.8% |
| SCHW Schwab (charles) Corp. | 0.16% | 38,800 | $2.9M | Reduce -3.2% |
| ISRG Intuitive Surgical Inc. | 0.16% | 6,400 | $2.8M | No change |
| ROP Roper Technologies Inc. | 0.16% | 5,000 | $2.8M | No change |
| DOW Dow Inc. | 0.16% | 52,853 | $2.8M | Add +39.9% |
| MNST Monster Beverage Corp. | 0.16% | 55,400 | $2.8M | Reduce -8.7% |
| CCI Crown Castle Intl Corp. Com | 0.16% | 28,159 | $2.8M | Reduce -35.1% |
Portfolio Sells Q1 2024 → Q2 2024
| AMGN Amgen Inc. | Reduce -70.8% | 0.90% | −1.88 |
| SBUX Starbucks Corp. | Reduce -98.2% | 0.01% | −0.76 |
| COIN Coinbase Global Inc. Class A | Reduce -0.5% | 3.78% | −0.71 |
| PRU Prudential Financial Inc. | Reduce -65.2% | 0.35% | −0.65 |
| PAYX Paychex Inc. | Reduce -95.3% | 0.02% | −0.44 |
| AFL Aflac Inc. | Reduce -35.3% | 0.68% | −0.32 |
| PLD Prologis Inc. | Reduce -31.6% | 0.40% | −0.27 |
| CVS CVS Health Corp. | Reduce -28.6% | 0.28% | −0.25 |
| LOW Lowe's Cos Inc. | Reduce -2.8% | 1.26% | −0.22 |
| IP International Paper Co. | Reduce -93.8% | 0.02% | −0.22 |
| JNJ Johnson & Johnson | Reduce -4.0% | 1.90% | −0.22 |
| IBM Intl Business Machines Corp. | Reduce -5.0% | 1.41% | −0.21 |
| SO The Southern Co. | Reduce -32.4% | 0.58% | −0.21 |
| MA Mastercard Inc. Class A | Reduce -46.1% | 0.15% | −0.16 |
| MCD McDonald's Corp. | Reduce -2.1% | 1.26% | −0.15 |
| ITW Illinois Tool Works | Reduce -12.0% | 0.50% | −0.14 |
| ABBV Abbvie Inc. | Reduce -5.1% | 1.17% | −0.13 |
| GILD Gilead Sciences Inc. | Reduce -17.2% | 0.45% | −0.12 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -88.5% | 0.02% | −0.12 |
| MET Metlife Inc. | Reduce -81.6% | 0.03% | −0.12 |
| ACN Accenture PLC Class A | Reduce -34.0% | 0.17% | −0.12 |
| ORCL Oracle Corp. | Reduce -19.0% | 1.20% | −0.11 |
| CCI Crown Castle Intl Corp. Com | Reduce -35.1% | 0.16% | −0.10 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.09 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.5% | 0.25% | −0.08 |
| MDT Medtronic PLC | Reduce -13.6% | 0.26% | −0.07 |
| NKE Nike Inc. Class B | Reduce -22.8% | 0.11% | −0.07 |
| WSM Williams-Sonoma Inc. | Reduce -12.5% | 0.22% | −0.06 |
| RTX RTX Corp. | Reduce -30.5% | 0.15% | −0.06 |
| FE Firstenergy Corp. | Sold out | 0.00% | −0.06 |
| CVX Chevron Corp. | Reduce -3.6% | 1.61% | −0.06 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.05 |
| AVGO Broadcom Inc. | Reduce -42.5% | 0.11% | −0.05 |
| FAST Fastenal Co. | Reduce -2.4% | 0.19% | −0.05 |
| MNST Monster Beverage Corp. | Reduce -8.7% | 0.16% | −0.05 |
| EMR Emerson Electric Co. | Reduce -3.6% | 0.65% | −0.04 |
| NOC Northrop Grumman Corp. | Reduce -10.8% | 0.17% | −0.04 |
| TREX Trex Company Inc. | Sold out | 0.00% | −0.04 |
| LULU Lululemon Athletica Inc. | Reduce -6.3% | 0.08% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -3.5% | 2.74% | −0.03 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.03 |
| SDGR Schrodinger Inc. | Sold out | 0.00% | −0.03 |
| CL Colgate-Palmolive Co. | Reduce -14.9% | 0.30% | −0.02 |
| PEP Pepsico Inc. | Reduce -3.4% | 0.27% | −0.02 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.02 |
| CrowdStrike Holdings Inc Cl A | Sold out | 0.00% | −0.02 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -29.9% | 0.08% | −0.02 |
| CMI Cummins Inc. | Reduce -1.9% | 0.26% | −0.02 |
| CARG Cargurus Inc. | Reduce -46.4% | 0.03% | −0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +4.5% | 9.47% | +2.16 |
| GOOGL Alphabet Inc. Class A | Add +57.4% | 1.62% | +0.77 |
| KO The Coca-Cola Co. | Add +9.4% | 4.77% | +0.62 |
| TRV The Travelers Cos Inc. | Add +121.2% | 0.87% | +0.43 |
| UPS United Parcel Service Class B | Add +75.9% | 0.80% | +0.31 |
| DIS The Walt Disney Co. | Add +201.7% | 0.52% | +0.31 |
| META Meta Platforms Inc. Class A | Add +47.2% | 0.77% | +0.27 |
| V Visa Inc. Class A | Add +33.7% | 1.28% | +0.27 |
| TJX TJX Companies Inc. | Add +74.5% | 0.54% | +0.26 |
| LLY Eli Lilly & Co. | Add +40.1% | 0.48% | +0.19 |
| COST Costco Wholesale Corp. | Add +4.1% | 0.94% | +0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.4% | 2.09% | +0.16 |
| AESI Atlas Energy Solutions Inc. | Add +152.0% | 0.28% | +0.16 |
| UNH Unitedhealth Group Inc. | Add +25.8% | 0.60% | +0.14 |
| XOM Exxon Mobil Corp. | Add +7.3% | 2.05% | +0.14 |
| KLAC KLA Corp. | Add +4.1% | 0.64% | +0.12 |
| TSLA Tesla Inc. | Add +15.8% | 0.31% | +0.07 |
| WELL Welltower Inc. | Add +195.9% | 0.10% | +0.07 |
| ABNB Airbnb Inc. Class A | Add +22.6% | 0.54% | +0.07 |
| QCOM Qualcomm Inc. | Add +16.3% | 0.20% | +0.06 |
| MS Morgan Stanley | Add +24.4% | 0.24% | +0.05 |
| NOW ServiceNow Inc. | Add +90.9% | 0.09% | +0.05 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.04% | +0.04 |
| IWF iShares Russell 1000 Growth | Add +28.6% | 0.15% | +0.04 |
| GLW Corning Inc. | Add +6.6% | 0.19% | +0.04 |
| NSC Norfolk Southern Corp. | Add +40.4% | 0.25% | +0.04 |
| MSTR Strategy Inc. | New | 0.04% | +0.04 |
| WFC Wells Fargo & Co. | Add +32.7% | 0.14% | +0.04 |
| DOW Dow Inc. | Add +39.9% | 0.16% | +0.04 |
| SHW The Sherwin-Williams Co. | New | 0.03% | +0.03 |
| UBER Uber Technologies Inc. | Add +12.9% | 0.46% | +0.03 |
| PYPL PayPal Holdings Inc. | Add +69.5% | 0.10% | +0.03 |
| ECL Ecolab Inc. | Add +36.6% | 0.10% | +0.03 |
| NFLX Netflix Inc. | Add +98.6% | 0.05% | +0.03 |
| CSCO Cisco Systems Inc. | Add +6.8% | 1.03% | +0.03 |
| VALE Vale SA-SP ADR | New | 0.03% | +0.03 |
| CSX CSX Corp. | Add +133.3% | 0.04% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +0.0% | 1.02% | +0.02 |
| GLD SPDR Gold Shares | New | 0.02% | +0.02 |
| LNC Lincoln National Corp. | Add +71.9% | 0.04% | +0.01 |
| T AT&T Inc. | Add +59.0% | 0.03% | +0.01 |
| CRM Salesforce Inc. | Add +21.6% | 0.31% | +0.01 |
| BLK BlackRock Finance Inc. | Add +39.5% | 0.05% | +0.01 |
| NXPI NXP Semiconductors NV | New | 0.01% | +0.01 |
| MRK Merck & Co. Inc. | Add +9.2% | 0.31% | +0.01 |
| BAC Bank of America Corp. | Add +2.4% | 0.13% | +0.01 |
| VZ Verizon Communications Inc. | Add +45.9% | 0.03% | +0.01 |
| SYK Stryker Corp. | Add +10.0% | 0.15% | +0.01 |
| MDLZ Mondelez International Inc. Class A | Add +10.2% | 0.18% | +0.01 |
| YUM Yum! Brands Inc. | Add +5.2% | 0.38% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 204 | $1.3B | AAPL, KO, MSFT, SPGI, JNJ |
| Q1 2026 | 207 | $1.2B | AAPL, KO, MSFT, SPGI, JNJ |
| Q4 2025 | 211 | $1.5B | AAPL, KO, MSFT, SPGI, WMT |
| Q3 2025 | 213 | $1.5B | AAPL, MSFT, KO, COIN, SPGI |
| Q2 2025 | 210 | $1.5B | COIN, KO, AAPL, MSFT, SPGI |
| Q1 2025 | 216 | $1.4B | AAPL, KO, MSFT, SPGI, COIN |
| Q4 2024 | 217 | $1.6B | AAPL, KO, COIN, MSFT, WMT |
| Q3 2024 | 232 | $1.8B | AAPL, WMT, KO, MSFT, SPGI |
| Q2 2024 | 231 | $1.8B | AAPL, WMT, MSFT, KO, COIN |
| Q1 2024 | 241 | $1.8B | AAPL, WMT, MSFT, COIN, KO |