Drexel Morgan & Co.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 28, 2024), Drexel Morgan & Co. reported 55 stock positions worth $538.0 million. Its top holding was AT&T (T) at 20.9% of the portfolio, followed by Warner Bros Discovery (WBD, 10.1%) and Cleveland-Cliffs (CLF, 7.6%). Compared with Q2 2024, it opened 2 new positions, added to 4 and reduced 2. The biggest buy was Warner Bros Discovery (WBD, shares +43%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −0%).

Most Recent 13F
Q2 2026
Location
RADNOR, PA
CIK
0001508512
Portfolio Value
$538.0M (Q3 2024)
SEC Filing
0001104659-24-111846 ↗ filed Oct 28, 2024

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 $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 55 stocks · $538.0M

T AT&T Inc. 20.95% 5,123,320 $112.7M No change
WBD Warner Bros Discovery Inc. 10.12% 6,600,463 $54.5M Add +43.5%
CLF Cleveland-Cliffs Inc. 7.60% 3,200,395 $40.9M Add +3.8%
JNJ Johnson & Johnson 6.51% 216,257 $35.0M No change
KO The Coca-Cola Co. 6.10% 456,411 $32.8M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 5.74% 139,735 $30.9M No change
JPM JPMorgan Chase & Co. 4.45% 113,589 $24.0M No change
F Ford Motor Co. filed as FORD MTR CO 4.12% 2,100,000 $22.2M Add +31.3%
AXP American Express Co. 3.57% 70,918 $19.2M No change
UPS United Parcel Service Class B 2.78% 109,765 $15.0M New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 2.67% 342,412 $14.4M No change
MSFT Microsoft Corp. 2.41% 30,129 $13.0M No change
CVS CVS Health Corp. 2.34% 200,165 $12.6M No change
DE Deere & Co. 2.18% 28,065 $11.7M No change
CAT Caterpillar Inc. 2.03% 27,886 $10.9M No change
AAPL Apple Inc. 1.92% 44,296 $10.3M No change
XOM Exxon Mobil Corp. 1.50% 68,680 $8.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.11% 10,386 $6.0M Reduce -0.5%
WASH Washington Trust Bancorp 1.00% 166,923 $5.4M Reduce -0.1%
PG The Procter & Gamble Co. 0.95% 29,590 $5.1M No change
UNP Union Pacific Corp. 0.89% 19,373 $4.8M No change
ABT Abbott Laboratories 0.72% 34,181 $3.9M No change
MCD McDonald's Corp. 0.71% 12,579 $3.8M No change
QQQ Invesco QQQ Trust Series 1 0.63% 6,900 $3.4M No change
MRK Merck & Co. Inc. 0.62% 29,292 $3.3M No change
EMR Emerson Electric Co. 0.61% 29,904 $3.3M No change
MMM 3M Co. 0.59% 23,122 $3.2M No change
CL Colgate-Palmolive Co. 0.56% 28,820 $3.0M No change
SHEL Shell PLC-ADR 0.47% 38,544 $2.5M No change
RTX RTX Corp. 0.41% 18,290 $2.2M No change
UL Unilever PLC 0.38% 31,372 $2.0M No change
MDT Medtronic PLC 0.36% 21,546 $1.9M No change
LLY Eli Lilly & Co. 0.35% 2,134 $1.9M No change
RSP Invesco S&P 500 Equal Weight 0.31% 9,450 $1.7M Add +58.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.31% 17,586 $1.7M No change
DD Dupont DE Nemours Inc. 0.27% 16,012 $1.4M No change
HD Home Depot Inc. 0.25% 3,300 $1.3M No change
NVS Novartis AG-Sponsored ADR 0.21% 9,720 $1.1M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.16% 2,000 $846K No change
CARR Carrier Global Corp. 0.13% 8,578 $690K No change
IWM iShares Russell 2000 ETF 0.12% 2,866 $633K No change
CVX Chevron Corp. 0.10% 3,500 $515K No change
IJH iShares Core S&P Midcap ETF 0.09% 7,755 $483K No change
PEP Pepsico Inc. 0.09% 2,800 $476K No change
XLF SS Financial Select Sector 0.08% 10,000 $453K No change
OTIS Otis Worldwide Corp. 0.08% 4,288 $446K No change
WFC Wells Fargo & Co. 0.07% 6,747 $381K No change
ABBV Abbvie Inc. 0.07% 1,900 $375K No change
LOW Lowe's Cos Inc. 0.05% 1,080 $293K No change
AMZN Amazon.com Inc. 0.05% 1,400 $261K No change
GOOGL Alphabet Inc. Class A 0.05% 1,520 $252K No change
HWM Howmet Aerospace Inc. 0.05% 2,500 $251K New
AMGN Amgen Inc. 0.04% 750 $242K No change
BRK.B Berkshire Hathaway Inc. Class B 0.04% 500 $230K No change
NVDA Nvidia Corp. 0.04% 1,800 $219K No change

Portfolio Sells Q2 2024 → Q3 2024

SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.5% 1.11% −0.11
WASH Washington Trust Bancorp Reduce -0.1% 1.00% +0.02

Portfolio Buys Q2 2024 → Q3 2024

WBD Warner Bros Discovery Inc. Add +43.5% 10.12% +2.78
UPS United Parcel Service Class B New 2.78% +2.78
RSP Invesco S&P 500 Equal Weight Add +58.8% 0.31% +0.11
HWM Howmet Aerospace Inc. New 0.05% +0.05
F Ford Motor Co. Add +31.3% 4.12% −0.18
CLF Cleveland-Cliffs Inc. Add +3.8% 7.60% −2.58

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