Drexel Morgan & Co.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Drexel Morgan & Co. reported 53 stock positions worth $466.5 million. Its top holding was AT&T (T) at 21.0% of the portfolio, followed by Cleveland-Cliffs (CLF, 10.2%) and Warner Bros Discovery (WBD, 7.3%). Compared with Q1 2024, it opened 2 new positions, sold out of 1, added to 20 and reduced 1. The biggest buy was AT&T (T, shares +0%) and the biggest sale an exit from Kyndryl (KD).

Most Recent 13F
Q2 2026
Location
RADNOR, PA
CIK
0001508512
Portfolio Value
$466.5M (Q2 2024)
SEC Filing
0001104659-24-088451 ↗ filed Aug 12, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $485.7M Q1 2024 Q2 2024: $466.5M $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 Q2 2026

Holdings 53 stocks · $466.5M

T AT&T Inc. 20.99% 5,123,320 $97.9M Add +0.1%
CLF Cleveland-Cliffs Inc. 10.17% 3,083,995 $47.5M Add +3.3%
WBD Warner Bros Discovery Inc. 7.34% 4,600,463 $34.2M No change
JNJ Johnson & Johnson 6.78% 216,257 $31.6M No change
KO The Coca-Cola Co. 6.23% 456,411 $29.1M Add +0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 5.18% 139,735 $24.2M No change
JPM JPMorgan Chase & Co. 4.92% 113,589 $23.0M No change
F Ford Motor Co. filed as FORD MTR CO DEL 4.30% 1,600,000 $20.1M No change
AXP American Express Co. 3.52% 70,918 $16.4M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 3.46% 342,412 $16.2M Add +0.7%
MSFT Microsoft Corp. 2.89% 30,129 $13.5M No change
CVS CVS Health Corp. 2.53% 200,165 $11.8M Add +99.6%
DE Deere & Co. 2.25% 28,065 $10.5M Add +7.6%
AAPL Apple Inc. 2.00% 44,296 $9.3M Add +0.4%
CAT Caterpillar Inc. 1.99% 27,886 $9.3M No change
XOM Exxon Mobil Corp. 1.69% 68,680 $7.9M Add +0.1%
SPY SS SPDR S&P 500 ETF Trust-US 1.22% 10,436 $5.7M Add +1.9%
PG The Procter & Gamble Co. 1.05% 29,590 $4.9M No change
WASH Washington Trust Bancorp 0.98% 167,123 $4.6M No change
UNP Union Pacific Corp. 0.94% 19,373 $4.4M Add +8.4%
MRK Merck & Co. Inc. 0.78% 29,292 $3.6M Add +1.4%
ABT Abbott Laboratories 0.76% 34,181 $3.6M Add +1.6%
QQQ Invesco QQQ Trust Series 1 0.71% 6,900 $3.3M No change
EMR Emerson Electric Co. 0.71% 29,904 $3.3M No change
MCD McDonald's Corp. 0.69% 12,579 $3.2M Add +3.6%
CL Colgate-Palmolive Co. 0.60% 28,820 $2.8M No change
SHEL Shell PLC-ADR 0.60% 38,544 $2.8M No change
MMM 3M Co. 0.51% 23,122 $2.4M Add +9.5%
LLY Eli Lilly & Co. 0.41% 2,134 $1.9M No change
RTX RTX Corp. 0.39% 18,290 $1.8M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.37% 17,586 $1.7M Add +6.0%
UL Unilever PLC 0.37% 31,372 $1.7M Reduce -1.1%
MDT Medtronic PLC 0.36% 21,546 $1.7M No change
DD Dupont DE Nemours Inc. 0.28% 16,012 $1.3M Add +1.9%
HD Home Depot Inc. 0.24% 3,300 $1.1M No change
NVS Novartis AG-Sponsored ADR 0.22% 9,720 $1.0M No change
RSP Invesco S&P 500 Equal Weight 0.21% 5,950 $977K Add +395.8%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.17% 2,000 $782K No change
IWM iShares Russell 2000 ETF 0.12% 2,866 $581K No change
CVX Chevron Corp. 0.12% 3,500 $547K Add +37.0%
CARR Carrier Global Corp. 0.12% 8,578 $541K No change
PEP Pepsico Inc. 0.10% 2,800 $462K No change
IJH iShares Core S&P Midcap ETF 0.10% 7,755 $454K No change
OTIS Otis Worldwide Corp. 0.09% 4,288 $413K No change
XLF SS Financial Select Sector 0.09% 10,000 $411K No change
WFC Wells Fargo & Co. 0.09% 6,747 $401K No change
ABBV Abbvie Inc. 0.07% 1,900 $326K Add +18.1%
GOOGL Alphabet Inc. Class A 0.06% 1,520 $277K New
AMZN Amazon.com Inc. 0.06% 1,400 $271K Add +24.4%
LOW Lowe's Cos Inc. 0.05% 1,080 $238K No change
AMGN Amgen Inc. 0.05% 750 $234K No change
NVDA Nvidia Corp. 0.05% 1,800 $222K New
BRK.B Berkshire Hathaway Inc. Class B 0.04% 500 $203K No change

Portfolio Sells Q1 2024 → Q2 2024

KD Kyndryl Holdings Inc. Sold out 0.00% −0.12
UL Unilever PLC Reduce -1.1% 0.37% +0.04

Portfolio Buys Q1 2024 → Q2 2024

T AT&T Inc. Add +0.1% 20.99% +2.44
CVS CVS Health Corp. Add +99.6% 2.53% +0.89
KO The Coca-Cola Co. Add +0.0% 6.23% +0.48
AAPL Apple Inc. Add +0.4% 2.00% +0.44
RSP Invesco S&P 500 Equal Weight Add +395.8% 0.21% +0.17
SPY SS SPDR S&P 500 ETF Trust-US Add +1.9% 1.22% +0.12
GOOGL Alphabet Inc. Class A New 0.06% +0.06
XOM Exxon Mobil Corp. Add +0.1% 1.69% +0.05
NVDA Nvidia Corp. New 0.05% +0.05
MMM 3M Co. Add +9.5% 0.51% +0.05
DE Deere & Co. Add +7.6% 2.25% +0.04
UNP Union Pacific Corp. Add +8.4% 0.94% +0.03
CVX Chevron Corp. Add +37.0% 0.12% +0.03
DD Dupont DE Nemours Inc. Add +1.9% 0.28% +0.03
AMZN Amazon.com Inc. Add +24.4% 0.06% +0.02
ABBV Abbvie Inc. Add +18.1% 0.07% +0.01
MRK Merck & Co. Inc. Add +1.4% 0.78% −0.01
MCD McDonald's Corp. Add +3.6% 0.69% −0.02
ABT Abbott Laboratories Add +1.6% 0.76% −0.03
DIS The Walt Disney Co. Add +6.0% 0.37% −0.04
SLB SLB Ltd. Add +0.7% 3.46% −0.38
CLF Cleveland-Cliffs Inc. Add +3.3% 10.17% −3.81

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