Drexel Morgan & Co.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Drexel Morgan & Co. reported 56 stock positions worth $636.7 million. Its top holding was AT&T (T) at 18.3% of the portfolio, followed by Cleveland-Cliffs (CLF, 10.7%) and United Parcel Service Class B (UPS, 9.3%). Compared with Q2 2025, it added to 4 and reduced 2. The biggest buy was United Parcel Service Class B (UPS, shares +129%) and the biggest sale Pepsico (PEP, shares −4%).

Most Recent 13F
Q2 2026
Location
RADNOR, PA
CIK
0001508512
Portfolio Value
$636.7M (Q3 2025)
SEC Filing
0001104659-25-110277 ↗ filed Nov 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 Q2 2025 Q3 2025: $636.7M $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 · $636.7M

T AT&T Inc. 18.29% 4,123,320 $116.4M No change
CLF Cleveland-Cliffs Inc. 10.73% 5,599,075 $68.3M Add +1.8%
UPS United Parcel Service Class B 9.31% 709,765 $59.3M Add +129.1%
JPM JPMorgan Chase & Co. 8.10% 163,589 $51.6M No change
JNJ Johnson & Johnson 6.30% 216,207 $40.1M Reduce -0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 6.19% 139,735 $39.4M No change
AXP American Express Co. 5.00% 95,918 $31.9M No change
KO The Coca-Cola Co. 4.75% 456,411 $30.3M No change
F Ford Motor Co. filed as FORD MTR CO 3.94% 2,100,000 $25.1M No change
MSFT Microsoft Corp. 2.45% 30,129 $15.6M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.10% 116,683 $13.4M No change
CAT Caterpillar Inc. 2.09% 27,886 $13.3M No change
DE Deere & Co. 2.02% 28,065 $12.8M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.86% 345,412 $11.9M No change
AAPL Apple Inc. 1.77% 44,296 $11.3M No change
MRK Merck & Co. Inc. 1.74% 132,292 $11.1M No change
XOM Exxon Mobil Corp. 1.22% 68,680 $7.7M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.14% 10,911 $7.3M No change
WASH Washington Trust Bancorp 1.14% 250,800 $7.2M Add +5.9%
VZ Verizon Communications Inc. 0.72% 105,000 $4.6M Add +2000.0%
UNP Union Pacific Corp. 0.72% 19,373 $4.6M No change
ABT Abbott Laboratories 0.72% 34,181 $4.6M No change
PG The Procter & Gamble Co. 0.71% 29,590 $4.5M No change
QQQ Invesco QQQ Trust Series 1 0.65% 6,900 $4.1M No change
EMR Emerson Electric Co. 0.62% 29,904 $3.9M No change
MCD McDonald's Corp. 0.60% 12,579 $3.8M No change
MMM 3M Co. 0.56% 23,122 $3.6M No change
RTX RTX Corp. 0.51% 19,290 $3.2M No change
RSP Invesco S&P 500 Equal Weight 0.45% 15,215 $2.9M No change
SHEL Shell PLC-ADR 0.43% 38,544 $2.8M No change
CL Colgate-Palmolive Co. 0.36% 28,820 $2.3M No change
MDT Medtronic PLC 0.32% 21,546 $2.1M No change
UL Unilever PLC 0.29% 31,372 $1.9M No change
LLY Eli Lilly & Co. 0.26% 2,134 $1.6M No change
NVS Novartis AG-Sponsored ADR 0.22% 10,720 $1.4M No change
HD Home Depot Inc. 0.21% 3,300 $1.3M No change
DD Dupont DE Nemours Inc. 0.20% 16,012 $1.2M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.15% 2,000 $927K No change
IWM iShares Russell 2000 ETF 0.11% 2,866 $693K No change
WFC Wells Fargo & Co. 0.09% 6,747 $566K No change
CVX Chevron Corp. 0.09% 3,500 $544K No change
XLF SS Financial Select Sector 0.08% 10,000 $539K No change
CARR Carrier Global Corp. 0.08% 8,578 $512K No change
IJH iShares Core S&P Midcap ETF 0.08% 7,755 $506K No change
HWM Howmet Aerospace Inc. 0.08% 2,500 $491K No change
ABBV Abbvie Inc. 0.07% 1,900 $440K No change
OTIS Otis Worldwide Corp. 0.06% 4,288 $392K No change
PEP Pepsico Inc. 0.06% 2,700 $379K Reduce -3.6%
GOOGL Alphabet Inc. Class A 0.06% 1,520 $370K No change
NVDA Nvidia Corp. 0.05% 1,800 $336K No change
AMZN Amazon.com Inc. 0.05% 1,400 $307K No change
LOW Lowe's Cos Inc. 0.04% 1,080 $271K No change
BRK.B Berkshire Hathaway Inc. Class B 0.04% 500 $251K No change
CSCO Cisco Systems Inc. 0.04% 3,650 $250K No change
AMGN Amgen Inc. 0.03% 750 $212K No change
ADP Automatic Data Processing 0.03% 700 $205K No change

Portfolio Sells Q2 2025 → Q3 2025

PEP Pepsico Inc. Reduce -3.6% 0.06% −0.01
JNJ Johnson & Johnson Reduce -0.0% 6.30% +0.43

Portfolio Buys Q2 2025 → Q3 2025

UPS United Parcel Service Class B Add +129.1% 9.31% +3.76
CLF Cleveland-Cliffs Inc. Add +1.8% 10.73% +3.31
VZ Verizon Communications Inc. Add +2000.0% 0.72% +0.69
WASH Washington Trust Bancorp Add +5.9% 1.14% −0.05

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