Drexel Morgan & Co.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Drexel Morgan & Co. reported 54 stock positions worth $476.5 million. Its top holding was AT&T (T) at 24.5% of the portfolio, followed by Cleveland-Cliffs (CLF, 7.6%) and Johnson & Johnson (JNJ, 7.5%). Compared with Q4 2024, it opened 1 new position, sold out of 2, added to 4 and reduced 2. The biggest buy was United Parcel Service Class B (UPS, shares +91%) and the biggest sale an exit from CVS Health (CVS).

Most Recent 13F
Q2 2026
Location
RADNOR, PA
CIK
0001508512
Portfolio Value
$476.5M (Q1 2025)
SEC Filing
0001104659-25-046241 ↗ filed May 8, 2025

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 $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 54 stocks · $476.5M

T AT&T Inc. 24.47% 4,123,320 $116.6M Reduce -19.5%
CLF Cleveland-Cliffs Inc. 7.57% 4,389,075 $36.1M Add +2.1%
JNJ Johnson & Johnson 7.53% 216,257 $35.9M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 7.29% 139,735 $34.7M No change
KO The Coca-Cola Co. 6.86% 456,411 $32.7M No change
JPM JPMorgan Chase & Co. 5.85% 113,589 $27.9M No change
UPS United Parcel Service Class B 4.84% 209,765 $23.1M Add +91.1%
F Ford Motor Co. filed as FORD MTR CO 4.42% 2,100,000 $21.1M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 3.00% 342,412 $14.3M No change
DE Deere & Co. 2.76% 28,065 $13.2M No change
AXP American Express Co. 2.59% 45,918 $12.4M No change
MSFT Microsoft Corp. 2.37% 30,129 $11.3M No change
AAPL Apple Inc. 2.06% 44,296 $9.8M No change
CAT Caterpillar Inc. 1.93% 27,886 $9.2M No change
XOM Exxon Mobil Corp. 1.71% 68,680 $8.2M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.23% 10,436 $5.8M Add +0.5%
WASH Washington Trust Bancorp 1.08% 166,923 $5.2M No change
PG The Procter & Gamble Co. 1.06% 29,590 $5.0M No change
UNP Union Pacific Corp. 0.96% 19,373 $4.6M No change
ABT Abbott Laboratories 0.95% 34,181 $4.5M No change
MCD McDonald's Corp. 0.82% 12,579 $3.9M No change
MMM 3M Co. 0.71% 23,122 $3.4M No change
EMR Emerson Electric Co. 0.69% 29,904 $3.3M No change
QQQ Invesco QQQ Trust Series 1 0.68% 6,900 $3.2M No change
SHEL Shell PLC-ADR 0.59% 38,544 $2.8M No change
CL Colgate-Palmolive Co. 0.57% 28,820 $2.7M No change
RSP Invesco S&P 500 Equal Weight 0.55% 15,215 $2.6M Add +17.0%
MRK Merck & Co. Inc. 0.55% 29,292 $2.6M No change
RTX RTX Corp. 0.51% 18,290 $2.4M No change
MDT Medtronic PLC 0.41% 21,546 $1.9M No change
UL Unilever PLC 0.39% 31,372 $1.9M No change
LLY Eli Lilly & Co. 0.37% 2,134 $1.8M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.35% 16,683 $1.6M Reduce -5.1%
HD Home Depot Inc. 0.25% 3,300 $1.2M No change
DD Dupont DE Nemours Inc. 0.25% 16,012 $1.2M No change
NVS Novartis AG-Sponsored ADR 0.23% 9,720 $1.1M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.18% 2,000 $840K No change
CVX Chevron Corp. 0.12% 3,500 $586K No change
IWM iShares Russell 2000 ETF 0.12% 2,866 $572K No change
CARR Carrier Global Corp. 0.11% 8,578 $544K No change
XLF SS Financial Select Sector 0.10% 10,000 $498K No change
WFC Wells Fargo & Co. 0.10% 6,747 $484K No change
IJH iShares Core S&P Midcap ETF 0.10% 7,755 $453K No change
OTIS Otis Worldwide Corp. 0.09% 4,288 $443K No change
PEP Pepsico Inc. 0.09% 2,800 $420K No change
ABBV Abbvie Inc. 0.08% 1,900 $398K No change
HWM Howmet Aerospace Inc. 0.07% 2,500 $324K No change
AMZN Amazon.com Inc. 0.06% 1,400 $266K No change
BRK.B Berkshire Hathaway Inc. Class B 0.06% 500 $266K No change
LOW Lowe's Cos Inc. 0.05% 1,080 $252K No change
GOOGL Alphabet Inc. Class A 0.05% 1,520 $235K No change
AMGN Amgen Inc. 0.05% 750 $234K New
CSCO Cisco Systems Inc. 0.05% 3,650 $225K No change
ADP Automatic Data Processing 0.04% 700 $214K No change

Portfolio Sells Q4 2024 → Q1 2025

CVS CVS Health Corp. Sold out 0.00% −5.56
DIS The Walt Disney Co. Reduce -5.1% 0.35% −0.06
NVDA Nvidia Corp. Sold out 0.00% −0.05
T AT&T Inc. Reduce -19.5% 24.47% +0.41

Portfolio Buys Q4 2024 → Q1 2025

UPS United Parcel Service Class B Add +91.1% 4.84% +1.99
RSP Invesco S&P 500 Equal Weight Add +17.0% 0.55% +0.08
AMGN Amgen Inc. New 0.05% +0.05
SPY SS SPDR S&P 500 ETF Trust-US Add +0.5% 1.23% −0.03
CLF Cleveland-Cliffs Inc. Add +2.1% 7.57% −0.77

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