Old Republic International Corp.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Old Republic International Corp. reported 54 stock positions worth $2.5 billion. Its top holding was Exxon Mobil (XOM) at 3.5% of the portfolio, followed by Qualcomm (QCOM, 3.1%) and Merck (MRK, 3.0%). Compared with Q3 2025, it opened 1 new position, sold out of 3, added to 7 and reduced 14. The biggest buy was WEC Energy (WEC, shares +43%) and the biggest sale an exit from Kellanova (K).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0000074260
Portfolio Value
$2.5B (Q4 2025)
SEC Filing
0000074260-26-000004 ↗ filed Feb 9, 2026

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.5B Q1 2024 Q2 2024: $2.5B Q2 2024 Q3 2024: $2.7B Q3 2024 Q4 2024: $2.5B Q4 2024 Q1 2025: $2.6B Q1 2025 Q2 2025: $2.6B Q2 2025 Q3 2025: $2.7B Q3 2025 Q4 2025: $2.5B $2.5B Q4 2025 Q1 2026: $2.5B Q1 2026 Q2 2026: $2.7B Q2 2026

Holdings 54 stocks · $2.5B
XOM Exxon Mobil Corp. 3.51% 722,500 $86.9M Reduce -0.3%
QCOM Qualcomm Inc. 3.05% 441,800 $75.6M No change
MRK Merck & Co. Inc. 3.00% 705,600 $74.3M No change
CVX Chevron Corp. 2.99% 486,300 $74.1M No change
KO The Coca-Cola Co. 2.96% 1,047,300 $73.2M No change
PG The Procter & Gamble Co. 2.96% 510,800 $73.2M No change
ETN Eaton Corp. PLC 2.79% 217,000 $69.1M No change
JNJ Johnson & Johnson 2.78% 333,000 $68.9M No change
EMR Emerson Electric Co. 2.74% 511,100 $67.8M No change
PEP Pepsico Inc. 2.64% 455,950 $65.4M No change
CSCO Cisco Systems Inc. 2.52% 809,700 $62.4M Reduce -33.0%
SO The Southern Co. 2.51% 711,900 $62.1M Reduce -7.7%
CMI Cummins Inc. 2.46% 119,250 $60.9M Reduce -45.7%
CINF Cincinnati Financial Corp. 2.43% 368,900 $60.2M Reduce -7.6%
MCD McDonald's Corp. 2.42% 196,150 $59.9M No change
TXN Texas Instruments Inc. 2.31% 329,500 $57.2M Reduce -8.6%
HUBB Hubbell Inc. 2.28% 127,000 $56.4M No change
EVRG Evergy Inc. 2.13% 727,561 $52.7M Reduce -13.0%
WEC WEC Energy Group Inc. 2.04% 479,679 $50.6M Add +42.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 1.99% 190,800 $49.4M No change
CAT Caterpillar Inc. 1.98% 85,500 $49.0M Reduce -51.7%
PFE Pfizer Inc. 1.98% 1,963,700 $48.9M No change
XEL Xcel Energy Inc. 1.96% 655,300 $48.4M Add +25.5%
MSM MSC Industrial Direct Co. Class A 1.92% 565,200 $47.5M No change
PAYX Paychex Inc. 1.92% 423,100 $47.5M No change
ES Eversource Energy 1.91% 703,933 $47.4M No change
VLO Valero Energy Corp. 1.87% 284,500 $46.3M No change
SYY Sysco Corp. 1.85% 620,200 $45.7M No change
DUK Duke Energy Corp. 1.81% 383,196 $44.9M Reduce -22.1%
GWW WW Grainger Inc. 1.81% 44,500 $44.9M Reduce -2.2%
AEP American Electric Power 1.71% 367,100 $42.3M Reduce -0.6%
UPS United Parcel Service Class B 1.65% 411,400 $40.8M No change
ITW Illinois Tool Works 1.59% 160,000 $39.4M No change
KMB Kimberly-Clark Corp. 1.58% 387,500 $39.1M No change
OGE Oge Energy Corp. 1.49% 862,500 $36.8M No change
CAH Cardinal Health Inc. 1.47% 177,000 $36.4M Reduce -52.8%
PSX Phillips 66 1.46% 280,600 $36.2M No change
SR Spire Inc. 1.45% 433,500 $35.9M No change
GPC Genuine Parts Co. 1.42% 285,500 $35.1M No change
POR Portland General Electric Co. 1.33% 687,500 $33.0M Add +10.9%
BMY Bristol-Myers Squibb Co. 1.33% 608,750 $32.8M No change
PEG Public Service Enterprise GP 1.27% 392,500 $31.5M No change
BKH Black Hills Corp. 1.17% 416,000 $28.9M No change
FE Firstenergy Corp. 1.14% 631,500 $28.3M Add +21.1%
STZ Constellation Brands Inc. Class A 1.08% 193,500 $26.7M Add +76.7%
USB US Bancorp 1.03% 480,000 $25.6M No change
SON Sonoco Products Co. 1.02% 576,700 $25.2M Reduce -0.6%
EMN Eastman Chemical Co. 1.00% 387,500 $24.7M No change
BF.B Brown-Forman Corp. Class B 0.95% 906,300 $23.6M Add +16.8%
AVA Avista Corp. 0.93% 597,500 $23.0M No change
LMT Lockheed Martin Corp. 0.91% 46,800 $22.6M Reduce -53.6%
MDLZ Mondelez International Inc. Class A 0.90% 414,100 $22.3M Add +156.6%
DGICA Donegal Group Inc. Class A 0.34% 425,500 $8.5M No change
MKC McCormick & Co.-Non VTG SHRS 0.24% 86,000 $5.9M New

Portfolio Sells Q3 2025 → Q4 2025
K Kellanova Sold out 0.00% −1.65
CAT Caterpillar Inc. Reduce -51.7% 1.98% −1.15
CMI Cummins Inc. Reduce -45.7% 2.46% −0.98
LMT Lockheed Martin Corp. Reduce -53.6% 0.91% −0.95
ALE Allete Inc. Sold out 0.00% −0.94
CAH Cardinal Health Inc. Reduce -52.8% 1.47% −0.71
CSCO Cisco Systems Inc. Reduce -33.0% 2.52% −0.55
DUK Duke Energy Corp. Reduce -22.1% 1.81% −0.44
TROW T Rowe Price Group Inc. Sold out 0.00% −0.42
EVRG Evergy Inc. Reduce -13.0% 2.13% −0.23
SO The Southern Co. Reduce -7.7% 2.51% −0.20
TXN Texas Instruments Inc. Reduce -8.6% 2.31% −0.15
SON Sonoco Products Co. Reduce -0.6% 1.02% +0.09
CINF Cincinnati Financial Corp. Reduce -7.6% 2.43% +0.09
AEP American Electric Power Reduce -0.6% 1.71% +0.17
GWW WW Grainger Inc. Reduce -2.2% 1.81% +0.21
XOM Exxon Mobil Corp. Reduce -0.3% 3.51% +0.48

Portfolio Buys Q3 2025 → Q4 2025
WEC WEC Energy Group Inc. Add +42.6% 2.04% +0.61
STZ Constellation Brands Inc. Class A Add +76.7% 1.08% +0.53
MDLZ Mondelez International Inc. Class A Add +156.6% 0.90% +0.53
XEL Xcel Energy Inc. Add +25.5% 1.96% +0.39
POR Portland General Electric Co. Add +10.9% 1.33% +0.32
FE Firstenergy Corp. Add +21.1% 1.14% +0.26
MKC McCormick & Co.-Non VTG SHRS New 0.24% +0.24
BF.B Brown-Forman Corp. Class B Add +16.8% 0.95% +0.17

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 54$2.7BMRK, CAT, ETN, CMI, KO
Q1 2026 53$2.5BMRK, XOM, CVX, KO, JNJ
Q4 2025 54$2.5BXOM, QCOM, MRK, CVX, KO
Q3 2025 56$2.7BCMI, CAT, CSCO, XOM, ETN
Q2 2025 55$2.6BCSCO, PG, XOM, ETN, TXN
Q1 2025 57$2.6BPG, XOM, CVX, KO, CSCO
Q4 2024 55$2.5BPG, XOM, CMI, ETN, CSCO
Q3 2024 54$2.7BPG, XOM, QCOM, KO, TXN
Q2 2024 54$2.5BQCOM, PG, XOM, CVX, MRK
Q1 2024 54$2.5BXOM, PG, MRK, CVX, QCOM