Drexel Morgan & Co.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Drexel Morgan & Co. reported 60 stock positions worth $718.8 million. Its top holding was AT&T (T) at 17.5% of the portfolio, followed by United Parcel Service Class B (UPS, 13.7%) and Johnson & Johnson (JNJ, 7.6%). Compared with Q1 2026, it opened 1 new position, sold out of 1 and added to 3. The biggest buy was United Parcel Service Class B (UPS, shares +12%) and the biggest sale an exit from Ford Motor (F).

Most Recent 13F
Q2 2026
Location
RADNOR, PA
CIK
0001508512
Portfolio Value
$718.8M (Q2 2026)
SEC Filing
0001104659-26-095569 ↗ filed Aug 13, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $485.7M Q1 2024 Q2 2024: $466.5M Q2 2024 Q3 2024: $538.0M Q3 2024 Q4 2024: $484.8M Q4 2024 Q1 2025: $476.5M Q1 2025 Q2 2025: $563.2M Q2 2025 Q3 2025: $636.7M Q3 2025 Q4 2025: $638.9M Q4 2025 Q1 2026: $681.8M Q1 2026 Q2 2026: $718.8M $718.8M Q2 2026

Holdings 60 stocks · $718.8M

T AT&T Inc. 17.49% 6,075,040 $125.8M Add +40.5%
UPS United Parcel Service Class B 13.66% 913,465 $98.2M Add +12.4%
JNJ Johnson & Johnson 7.64% 216,207 $54.9M No change
JPM JPMorgan Chase & Co. 7.45% 163,589 $53.5M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 5.47% 139,735 $39.3M No change
CLF Cleveland-Cliffs Inc. 5.23% 4,000,000 $37.6M Add +17.7%
KO The Coca-Cola Co. 5.16% 456,411 $37.1M No change
AXP American Express Co. 4.51% 95,918 $32.4M No change
CAT Caterpillar Inc. 4.13% 27,886 $29.7M No change
CPB The Campbell's Company 3.10% 1,000,000 $22.3M No change
DE Deere & Co. 2.48% 28,065 $17.8M No change
MRK Merck & Co. Inc. 2.36% 132,292 $17.0M No change
SLB SLB Ltd. filed as SLB LIMITED 2.23% 345,412 $16.1M No change
AAPL Apple Inc. 1.78% 44,296 $12.8M No change
MSFT Microsoft Corp. 1.56% 30,129 $11.2M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.56% 116,683 $11.2M No change
WASH Washington Trust Bancorp 1.53% 300,800 $11.0M No change
XOM Exxon Mobil Corp. 1.31% 68,680 $9.4M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.10% 10,561 $7.9M No change
UNP Union Pacific Corp. 0.73% 19,373 $5.3M No change
QQQ Invesco QQQ Trust Series 1 0.67% 6,500 $4.8M No change
VZ Verizon Communications Inc. 0.62% 105,000 $4.4M No change
NVDA Nvidia Corp. 0.61% 21,800 $4.4M No change
PG The Procter & Gamble Co. 0.60% 29,590 $4.3M No change
EMR Emerson Electric Co. 0.60% 29,904 $4.3M No change
MMM 3M Co. 0.52% 23,122 $3.7M No change
RTX RTX Corp. 0.51% 19,290 $3.7M No change
MCD McDonald's Corp. 0.47% 12,579 $3.4M No change
RSP Invesco S&P 500 Equal Weight 0.45% 15,215 $3.2M No change
ABT Abbott Laboratories 0.43% 34,181 $3.1M No change
SHEL Shell PLC-ADR 0.42% 38,544 $3.0M No change
CL Colgate-Palmolive Co. 0.37% 28,820 $2.6M No change
LLY Eli Lilly & Co. 0.36% 2,134 $2.6M No change
KD Kyndryl Holdings Inc. 0.31% 200,000 $2.3M No change
TRI Thomson Reuters Corp. 0.28% 24,614 $2.0M No change
MDT Medtronic PLC 0.23% 21,546 $1.7M No change
NVS Novartis AG-Sponsored ADR 0.23% 10,720 $1.7M No change
UL Unilever PLC-Sponsored ADR 0.23% 27,881 $1.7M No change
HD Home Depot Inc. 0.16% 3,300 $1.2M No change
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.15% 2,000 $1.0M No change
IWM iShares Russell 2000 ETF 0.12% 2,866 $861K No change
HWM Howmet Aerospace Inc. 0.09% 2,500 $672K No change
DD Dupont DE Nemours Inc. 0.09% 4,751 $644K No change
CARR Carrier Global Corp. 0.09% 8,578 $629K No change
IJH iShares Core S&P Midcap ETF 0.08% 7,755 $598K No change
CVX Chevron Corp. 0.08% 3,500 $580K No change
WFC Wells Fargo & Co. 0.08% 6,747 $558K No change
GOOGL Alphabet Inc. Class A 0.08% 1,520 $543K No change
XLF SS Financial Select Sector 0.07% 10,000 $536K No change
Q Qnity Electronics Inc. 0.07% 3,274 $535K No change
ABBV Abbvie Inc. 0.07% 1,900 $478K No change
CSCO Cisco Systems Inc. 0.06% 3,650 $429K No change
PEP Pepsico Inc. 0.05% 2,700 $366K No change
AMZN Amazon.com Inc. 0.05% 1,400 $334K No change
OTIS Otis Worldwide Corp. 0.04% 4,288 $307K No change
INTC Intel Corp. 0.04% 2,000 $279K New
AMGN Amgen Inc. 0.04% 750 $272K No change
BRK.B Berkshire Hathaway Inc. Class B 0.03% 500 $250K No change
LOW Lowe's Cos Inc. 0.03% 1,080 $238K No change
WMB Williams Cos Inc. 0.03% 3,000 $223K No change

Portfolio Sells Q1 2026 → Q2 2026

F Ford Motor Co. Sold out 0.00% −3.55

Portfolio Buys Q1 2026 → Q2 2026

UPS United Parcel Service Class B Add +12.4% 13.66% +1.94
CLF Cleveland-Cliffs Inc. Add +17.7% 5.23% +1.01
INTC Intel Corp. New 0.04% +0.04
T AT&T Inc. Add +40.5% 17.49% −0.89

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 60$718.8MT, UPS, JNJ, JPM, IBM
Q1 2026 60$681.8MT, UPS, JNJ, JPM, KO
Q4 2025 57$638.9MT, UPS, JPM, JNJ, IBM
Q3 2025 56$636.7MT, CLF, UPS, JPM, JNJ
Q2 2025 56$563.2MT, JPM, CLF, IBM, JNJ
Q1 2025 54$476.5MT, CLF, JNJ, IBM, KO
Q4 2024 55$484.8MT, CLF, JNJ, IBM, KO
Q3 2024 55$538.0MT, WBD, CLF, JNJ, KO
Q2 2024 53$466.5MT, CLF, WBD, JNJ, KO
Q1 2024 52$485.7MT, CLF, WBD, JNJ, KO