Drexel Morgan & Co.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Drexel Morgan & Co. reported 56 stock positions worth $563.2 million. Its top holding was AT&T (T) at 21.2% of the portfolio, followed by JPMorgan Chase (JPM, 8.4%) and Cleveland-Cliffs (CLF, 7.4%). Compared with Q1 2025, it opened 2 new positions and added to 11. The biggest buy was American Express (AXP, shares +109%).

Most Recent 13F
Q2 2026
Location
RADNOR, PA
CIK
0001508512
Portfolio Value
$563.2M (Q2 2025)
SEC Filing
0001104659-25-076717 ↗ filed Aug 12, 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 Q1 2025 Q2 2025: $563.2M $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 56 stocks · $563.2M

T AT&T Inc. 21.19% 4,123,320 $119.3M No change
JPM JPMorgan Chase & Co. 8.42% 163,589 $47.4M Add +44.0%
CLF Cleveland-Cliffs Inc. 7.42% 5,499,075 $41.8M Add +25.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 7.31% 139,735 $41.2M No change
JNJ Johnson & Johnson 5.87% 216,257 $33.0M No change
KO The Coca-Cola Co. 5.73% 456,411 $32.3M No change
UPS United Parcel Service Class B 5.55% 309,765 $31.3M Add +47.7%
AXP American Express Co. 5.43% 95,918 $30.6M Add +108.9%
F Ford Motor Co. filed as FORD MTR CO 4.05% 2,100,000 $22.8M No change
MSFT Microsoft Corp. 2.66% 30,129 $15.0M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.57% 116,683 $14.5M Add +599.4%
DE Deere & Co. 2.53% 28,065 $14.3M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 2.07% 345,412 $11.7M Add +0.9%
CAT Caterpillar Inc. 1.92% 27,886 $10.8M No change
MRK Merck & Co. Inc. 1.86% 132,292 $10.5M Add +351.6%
AAPL Apple Inc. 1.61% 44,296 $9.1M No change
XOM Exxon Mobil Corp. 1.31% 68,680 $7.4M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.20% 10,911 $6.7M Add +4.5%
WASH Washington Trust Bancorp 1.19% 236,923 $6.7M Add +41.9%
PG The Procter & Gamble Co. 0.84% 29,590 $4.7M No change
ABT Abbott Laboratories 0.83% 34,181 $4.6M No change
UNP Union Pacific Corp. 0.79% 19,373 $4.5M No change
EMR Emerson Electric Co. 0.71% 29,904 $4.0M No change
QQQ Invesco QQQ Trust Series 1 0.68% 6,900 $3.8M No change
MCD McDonald's Corp. 0.65% 12,579 $3.7M No change
MMM 3M Co. 0.63% 23,122 $3.5M No change
RTX RTX Corp. 0.50% 19,290 $2.8M Add +5.5%
RSP Invesco S&P 500 Equal Weight 0.49% 15,215 $2.8M No change
SHEL Shell PLC-ADR 0.48% 38,544 $2.7M No change
CL Colgate-Palmolive Co. 0.47% 28,820 $2.6M No change
UL Unilever PLC 0.34% 31,372 $1.9M No change
MDT Medtronic PLC 0.33% 21,546 $1.9M No change
LLY Eli Lilly & Co. 0.30% 2,134 $1.7M No change
NVS Novartis AG-Sponsored ADR 0.23% 10,720 $1.3M Add +10.3%
HD Home Depot Inc. 0.21% 3,300 $1.2M No change
DD Dupont DE Nemours Inc. 0.20% 16,012 $1.1M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.16% 2,000 $881K No change
CARR Carrier Global Corp. 0.11% 8,578 $628K No change
IWM iShares Russell 2000 ETF 0.11% 2,866 $618K No change
WFC Wells Fargo & Co. 0.10% 6,747 $541K No change
XLF SS Financial Select Sector 0.09% 10,000 $524K No change
CVX Chevron Corp. 0.09% 3,500 $501K No change
IJH iShares Core S&P Midcap ETF 0.09% 7,755 $481K No change
HWM Howmet Aerospace Inc. 0.08% 2,500 $465K No change
OTIS Otis Worldwide Corp. 0.08% 4,288 $425K No change
PEP Pepsico Inc. 0.07% 2,800 $370K No change
ABBV Abbvie Inc. 0.06% 1,900 $353K No change
AMZN Amazon.com Inc. 0.05% 1,400 $307K No change
NVDA Nvidia Corp. 0.05% 1,800 $284K New
GOOGL Alphabet Inc. Class A 0.05% 1,520 $268K No change
CSCO Cisco Systems Inc. 0.04% 3,650 $253K No change
BRK.B Berkshire Hathaway Inc. Class B 0.04% 500 $243K No change
LOW Lowe's Cos Inc. 0.04% 1,080 $240K No change
VZ Verizon Communications Inc. 0.04% 5,000 $216K New
ADP Automatic Data Processing 0.04% 700 $216K No change
AMGN Amgen Inc. 0.04% 750 $209K No change

Portfolio Sells Q1 2025 → Q2 2025

None this quarter.

Portfolio Buys Q1 2025 → Q2 2025

AXP American Express Co. Add +108.9% 5.43% +2.84
JPM JPMorgan Chase & Co. Add +44.0% 8.42% +2.57
DIS The Walt Disney Co. Add +599.4% 2.57% +2.22
MRK Merck & Co. Inc. Add +351.6% 1.86% +1.31
UPS United Parcel Service Class B Add +47.7% 5.55% +0.71
WASH Washington Trust Bancorp Add +41.9% 1.19% +0.11
NVDA Nvidia Corp. New 0.05% +0.05
VZ Verizon Communications Inc. New 0.04% +0.04
NVS Novartis AG-Sponsored ADR Add +10.3% 0.23% +0.00
RTX RTX Corp. Add +5.5% 0.50% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +4.5% 1.20% −0.03
CLF Cleveland-Cliffs Inc. Add +25.3% 7.42% −0.15
SLB SLB Ltd. Add +0.9% 2.07% −0.93

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