Culbertson A N & Co INC Institutional Portfolio (13F)

CIK: 0001224890

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$770.9M

Reporting period: 2026-03-31 · Number of holdings: 132

CULBERTSON A N & CO INC disclosed 132 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $770.9M and a quarterly turnover rate of 18.3%.

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Personality snowflake

Concentration: 10.08
Portfolio Stability: 18.29
Momentum/Contrarian: 100
Sector conviction: 52.86
Diversification: 100
Sizing Uniformity: 84.69

Culbertson A N & Co INC's disclosed holdings carry a Herfindahl concentration index of 0.025 — mathematically equivalent to about 40 equally-sized positions, well below its 132 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 1.53), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Add JNJ
+123.4%　$25.3M
Trim MSFT
+2.3%　-$8.6M
Add XOM
+27.8%　$7.1M
Trim JPM
-3.6%　-$4.4M
Trim BRK-B
+2.7%　-$1.2M
Add WMT
+405.6%　$4.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	7.44%	-0.59%	+2.75%
2	AAPL	Apple INC	Stock-Tech	5.90%	-0.55%	+3.57%
3	JNJ	Johnson & Johnson	Stock-Healthcare	5.29%	+3.17%	+123.38%
4	JPM	Jpmorgan Chase & Co	Stock-Financials	4.18%	-0.84%	-3.59%
5	MSFT	Microsoft CORP	Stock-Tech	4.03%	-1.41%	+2.31%
6	CAT	Caterpillar INC	Stock-Industrials	3.65%	+0.44%	-2.97%
7	GS	Goldman Sachs Group INC	Stock-Financials	2.91%	-0.37%	-2.29%
8	GOOG	Alphabet Inc-cl C	Stock-Comm Services	2.49%	-0.43%	-1.09%
9	CMI	Cummins INC	Stock-Industrials	2.39%	-0.04%	-1.38%
10	ABBV	Abbvie INC	Stock-Healthcare	2.27%	+0.17%	+19.76%
11	MCK	Mckesson CORP	Stock-Healthcare	2.23%	—	-3.80%
12	IWR	Ishares Russell Mid-cap ETF	ETF-Other	2.08%	—	-1.95%
13	XOM	Exxon Mobil CORP	Stock-Energy	2.06%	+0.85%	+27.75%
14	CVX	Chevron CORP	Stock-Energy	1.88%	+0.46%	+2.81%
15	DE	Deere & Co	Stock-Industrials	1.81%	+0.20%	-2.02%
16	ORCL	Oracle CORP	Stock-Tech	1.78%	—	+29.62%
17	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	1.55%	-0.23%	-3.85%
18	MCD	Mcdonald's CORP	Stock-Consumer Disc	1.45%	—	-2.79%
19	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	1.36%	-0.21%	-0.38%
20	VB	Vanguard Small-cap ETF	ETF-Other	1.35%	—	+0.06%
21	PEP	Pepsico INC	Stock-Consumer Staples	1.33%	—	-3.62%
22	ABT	Abbott Laboratories	Stock-Healthcare	1.23%	-0.33%	+1.81%
23	FDX	Fedex CORP	Stock-Industrials	1.22%	+0.17%	-0.72%
24	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	1.20%	—	-2.10%
25	GLW	Corning INC	Stock-Tech	1.17%	+0.11%	-24.61%
26	AMZN	Amazon.com INC	Stock-Consumer Disc	1.12%	+0.16%	+36.37%
27	PG	Procter & Gamble Co/the	Stock-Consumer Staples	1.10%	—	-1.06%
28	USB	US Bancorp	Stock-Financials	1.09%	+0.04%	+12.81%
29	BN	Brookfield CORP	Stock-Financials	1.04%	—	+22.25%
30	APD	Air Products & Chemicals INC	Stock-Materials	1.02%	+0.16%	+6.65%
31	BSV	Vanguard Short-term Bond ETF	ETF-Other	1.01%	—	+3.67%
32	VGT	Vanguard Info Tech ETF	ETF-Tech	1.00%	-0.16%	-1.42%
33	MKL	Markel Group INC	Stock-Financials	0.98%	+0.09%	+31.21%
34	V	Visa Inc-class A Shares	Stock-Financials	0.94%	—	+13.03%
35	CSCO	Cisco Systems INC	Stock-Tech	0.94%	-0.13%	-8.46%
36	VO	Vanguard Mid-cap ETF	ETF-Other	0.88%	—	+1.42%
37	WFC	Wells Fargo & Co	Stock-Financials	0.87%	-0.22%	-1.16%
38	EOG	Eog Resources INC	Stock-Energy	0.78%	+0.29%	+21.96%
39	OEF	Ishares S&p 100 ETF	ETF-Other	0.72%	—	-0.82%
40	WMT	Walmart INC	Stock-Consumer Staples	0.70%	+0.57%	+405.59%
41	VUG	Vanguard Growth ETF	ETF-Other	0.69%	-0.18%	-5.88%
42	TRV	Travelers Cos Inc/the	Stock-Financials	0.69%	—	-9.99%
43	VBR	Vanguard Small-cap Value ETF	ETF-Other	0.66%	—	+5.50%
44	VGSH	Vanguard Short-term Treasury	ETF-Gov Bonds	0.61%	—	-0.77%
45	ADP	Automatic Data Processing	Stock-Tech	0.61%	-0.24%	-3.59%
46	VTV	Vanguard Value ETF	ETF-Other	0.59%	—	-2.75%
47	C	Citigroup INC	Stock-Financials	0.57%	—	-3.20%
48	MS	Morgan Stanley	Stock-Financials	0.55%	—	+1.14%
49	TXN	Texas Instruments INC	Stock-Tech	0.52%	—	+0.99%
50	BAC	Bank Of America CORP	Stock-Financials	0.52%	—	-1.67%

1–50 of 132

Portfolio Performance

Performance for Q3 2026

+4%

Performance Last 4 Quarters

+27.4%

Based on 64% of reported portfolio value with available pricing

Stdev: +12.1%
Beta: +0.84
Alpha: +2.2%
Max Drawdown: -9.1%
Annualized Perf: +18.5%
Batting Avg vs S&P: +61.1%
Sortino: +2.86
Stutzer: +0.43
Treynor: +0.21
Sterling: +1.1
Calmar: +2.05
Information Ratio: -0.12
Tracking Error: +5.2%
Stdev Down: +6.2%
Winning Months %: +75%
Losing Months %: +25%
Best 12 Months: +37%
Worst 12 Months: +11.6%
Efficiency Ratio: +0.59
Sharpe: +1.48
Stdev Sectors: +8.7%
Skewness: -0.15
Kurtosis: -0.42
Upside Potential: +4.47

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	132	$770.9M	18	1BRK-B 2AAPL 3JNJ Top holdings2026-03-31 1.BRK-B 2.AAPL 3.JNJ 4.JPM 5.MSFT 6.CAT 7.GS 8.GOOG 9.CMI 10.ABBV
2025-12-31	128	$728.9M	9	1BRK-B 2AAPL 3MSFT Top holdings2025-12-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.GS 6.CAT 7.GOOG 8.CMI 9.MCK 10.IWR
2025-09-30	128	$706.6M	19	1BRK-B 2AAPL 3MSFT Top holdings2025-09-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.GS 6.ORCL 7.CAT 8.GOOG 9.IWR 10.MCK
2025-06-30	127	$651.3M	0	1BRK-B 2MSFT 3AAPL Top holdings2025-06-30 1.BRK-B 2.MSFT 3.AAPL 4.JPM 5.GS 6.ORCL 7.CAT 8.IWR 9.MCK 10.ABBV
2025-03-31	124	$626.0M	100	1BRK-B 2AAPL 3MSFT Top holdings2025-03-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.GS 6.ABBV 7.IWR 8.MCK 9.CAT 10.JNJ
2024-12-31	126	$628.7M	0	1BRK-B 2AAPL 3MSFT Top holdings2024-12-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.GS 6.IWR 7.CAT 8.GOOG 9.ORCL 10.ABBV
2024-09-30	126	$621.1M	0	1BRK-B 2AAPL 3MSFT Top holdings2024-09-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.CAT 6.IWR 7.ABBV 8.GS 9.ORCL 10.JNJ
2024-06-30	121	$572.6M	0	1BRK-B 2AAPL 3MSFT Top holdings2024-06-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.IWR 6.CAT 7.GOOG 8.MCK 9.GS 10.ABBV
2024-03-31	122	$579.3M	0	1BRK-B 2MSFT 3AAPL Top holdings2024-03-31 1.BRK-B 2.MSFT 3.AAPL 4.JPM 5.CAT 6.IWR 7.ABBV 8.GS 9.MCK 10.JNJ
2023-12-31	119	$537.7M	0	1AAPL 2BRK-B 3MSFT Top holdings2023-12-31 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.CAT 7.MCD 8.ABBV 9.JNJ 10.GS
2023-09-30	115	$498.3M	0	1BRK-B 2AAPL 3MSFT Top holdings2023-09-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.IWR 6.CAT 7.JNJ 8.ABBV 9.MCD 10.PEP
2023-06-30	115	$517.5M	0	1AAPL 2BRK-B 3MSFT Top holdings2023-06-30 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.MCD 7.JNJ 8.PEP 9.CAT 10.ABT
2023-03-31	117	$489.6M	0	1AAPL 2BRK-B 3MSFT Top holdings2023-03-31 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.ABBV 7.MCD 8.PEP 9.JNJ 10.CAT
2022-12-31	118	$474.8M	0	1BRK-B 2AAPL 3MSFT Top holdings2022-12-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.ABBV 6.JNJ 7.IWR 8.PEP 9.MCD 10.ABT
2022-09-30	117	$430.9M	0	1AAPL 2BRK-B 3MSFT Top holdings2022-09-30 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.JNJ 6.IWR 7.ABBV 8.PEP 9.MCD 10.ABT
2022-06-30	114	$461.1M	0	1AAPL 2BRK-B 3MSFT Top holdings2022-06-30 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.ABBV 6.JNJ 7.IWR 8.ABT 9.PEP 10.MCD
2022-03-31	115	$531.2M	0	1AAPL 2BRK-B 3MSFT Top holdings2022-03-31 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.ABBV 7.JNJ 8.ABT 9.PEP 10.MCD
2021-12-31	112	$531.0M	0	1AAPL 2MSFT 3BRK-B Top holdings2021-12-31 1.AAPL 2.MSFT 3.BRK-B 4.JPM 5.IWR 6.ABT 7.MCD 8.JNJ 9.ABBV 10.PEP
2021-09-30	113	$488.7M	0	1AAPL 2MSFT 3BRK-B Top holdings2021-09-30 1.AAPL 2.MSFT 3.BRK-B 4.JPM 5.IWR 6.ABT 7.JNJ 8.MCD 9.GS 10.GOOG
2021-06-30	112	$480.1M	100	1AAPL 2BRK-B 3MSFT Top holdings2021-06-30 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.ABT 7.JNJ 8.GS 9.MCD 10.PEP
2021-03-31	111	$454.2M	11	1AAPL 2BRK-B 3MSFT Top holdings2021-03-31 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.ABT 7.JNJ 8.MCD 9.CMI 10.CAT
2020-12-31	111	$420.7M	12	1AAPL 2BRK-B 3MSFT Top holdings2020-12-31 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.ABT 7.JNJ 8.PEP 9.MCD 10.ABBV
2020-09-30	111	$378.7M	12	1AAPL 2MSFT 3BRK-B Top holdings2020-09-30 1.AAPL 2.MSFT 3.BRK-B 4.ABT 5.JPM 6.JNJ 7.IWR 8.MCD 9.PEP 10.PG
2020-06-30	109	$364.1M	17	1AAPL 2MSFT 3BRK-B Top holdings2020-06-30 1.AAPL 2.MSFT 3.BRK-B 4.JPM 5.JNJ 6.ABT 7.IWR 8.PEP 9.INTC 10.MCD
2020-03-31	105	$309.1M	24	1BRK-B 2AAPL 3MSFT Top holdings2020-03-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.JNJ 6.ABT 7.PEP 8.IWR 9.INTC 10.MCD
2019-12-31	108	$388.1M	11	1BRK-B 2AAPL 3MSFT Top holdings2019-12-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.IWR 6.JNJ 7.ABT 8.PEP 9.MCD 10.INTC
2019-09-30	104	$366.4M	7	1BRK-B 2AAPL 3MSFT Top holdings2019-09-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.IWR 6.MCD 7.JNJ 8.PEP 9.ABT 10.CVX
2019-06-30	105	$359.7M	7	1BRK-B 2MSFT 3AAPL Top holdings2019-06-30 1.BRK-B 2.MSFT 3.AAPL 4.JPM 5.IWR 6.JNJ 7.MCD 8.ABT 9.PEP 10.CVX
2019-03-31	104	$347.0M	13	1BRK-B 2AAPL 3MSFT Top holdings2019-03-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.JNJ 6.IWR 7.MCD 8.ABT 9.PEP 10.INTC
2018-12-31	105	$314.0M	16	1BRK-B 2AAPL 3MSFT Top holdings2018-12-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.JNJ 6.IWR 7.MCD 8.ABT 9.ABBV 10.PEP
2018-09-30	109	$367.0M	12	1BRK-B 2AAPL 3MSFT Top holdings2018-09-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.IWR 6.JNJ 7.FDX 8.MCD 9.CVS 10.ABT
2018-06-30	109	$336.2M	7	1BRK-B 2AAPL 3JPM Top holdings2018-06-30 1.BRK-B 2.AAPL 3.JPM 4.MSFT 5.IWR 6.JNJ 7.CVX 8.INTC 9.FDX 10.ABBV
2018-03-31	106	$334.3M	9	1BRK-B 2AAPL 3JPM Top holdings2018-03-31 1.BRK-B 2.AAPL 3.JPM 4.MSFT 5.IWR 6.JNJ 7.MMM 8.INTC 9.FDX 10.ABBV
2017-12-31	103	$354.6M	10	1BRK-B 2AAPL 3JPM Top holdings2017-12-31 1.BRK-B 2.AAPL 3.JPM 4.IWR 5.MSFT 6.JNJ 7.MMM 8.FDX 9.MCD 10.ABBV
2017-09-30	96	$327.7M	7	1BRK-B 2AAPL 3JPM Top holdings2017-09-30 1.BRK-B 2.AAPL 3.JPM 4.IWR 5.JNJ 6.MSFT 7.CVS 8.MMM 9.PEP 10.MCD
2017-06-30	94	$315.4M	7	1BRK-B 2AAPL 3JPM Top holdings2017-06-30 1.BRK-B 2.AAPL 3.JPM 4.IWR 5.JNJ 6.CVS 7.MSFT 8.MMM 9.PEP 10.MCD
2017-03-31	93	$307.1M	7	1BRK-B 2AAPL 3JPM Top holdings2017-03-31 1.BRK-B 2.AAPL 3.JPM 4.IWR 5.JNJ 6.CVS 7.MSFT 8.PEP 9.MMM 10.PG
2016-12-31	92	$293.9M	10	1BRK-B 2JPM 3IWR Top holdings2016-12-31 1.BRK-B 2.JPM 3.IWR 4.AAPL 5.CVS 6.JNJ 7.MSFT 8.CVX 9.PEP 10.MMM
2016-09-30	88	$281.2M	14	1BRK-B 2IWR 3CVS Top holdings2016-09-30 1.BRK-B 2.IWR 3.CVS 4.AAPL 5.JNJ 6.JPM 7.PEP 8.MSFT 9.MMM 10.PG
2016-06-30	81	$270.4M	9	1BRK-B 2CVS 3IWR Top holdings2016-06-30 1.BRK-B 2.CVS 3.IWR 4.JNJ 5.AAPL 6.JPM 7.MCK 8.PEP 9.MMM 10.PG
2016-03-31	80	$257.6M	39	1BRK-B 2CVS 3IWR Top holdings2016-03-31 1.BRK-B 2.CVS 3.IWR 4.AAPL 5.JNJ 6.PEP 7.JPM 8.MMM 9.MSFT 10.PG
2015-12-31	81	$252.9M	11	1BRK-B 2CVS 3IWR Top holdings2015-12-31 1.BRK-B 2.CVS 3.IWR 4.AAPL 5.JPM 6.MCK 7.JNJ 8.PEP 9.MSFT 10.WFC
2015-09-30	84	$237.0M	11	1BRK-B 2CVS 3IWR Top holdings2015-09-30 1.BRK-B 2.CVS 3.IWR 4.AAPL 5.JPM 6.PEP 7.JNJ 8.MCK 9.WFC 10.PG
2015-06-30	86	$256.4M	7	1BRK-B 2CVS 3AAPL Top holdings2015-06-30 1.BRK-B 2.CVS 3.AAPL 4.IWR 5.JPM 6.MCK 7.PEP 8.JNJ 9.WFC 10.JNJ
2015-03-31	87	$251.2M	8	1BRK-B 2CVS 3AAPL Top holdings2015-03-31 1.BRK-B 2.CVS 3.AAPL 4.IWR 5.MCK 6.PEP 7.JNJ 8.JPM 9.JNJ 10.PG
2014-12-31	82	$242.3M	8	1BRK-B 2CVS 3AAPL Top holdings2014-12-31 1.BRK-B 2.CVS 3.AAPL 4.IWR 5.JNJ 6.PG 7.PEP 8.MCK 9.JPM 10.WFC
2014-09-30	81	$232.3M	7	1BRK-B 2CVS 3IWR Top holdings2014-09-30 1.BRK-B 2.CVS 3.IWR 4.AAPL 5.JNJ 6.IBM 7.PEP 8.PG 9.MCK 10.JPM
2014-06-30	81	$230.0M	8	1BRK-B 2CVS 3IWR Top holdings2014-06-30 1.BRK-B 2.CVS 3.IWR 4.JNJ 5.AAPL 6.IBM 7.CVX 8.PEP 9.JNJ 10.MCK
2014-03-31	78	$214.7M	7	1BRK-B 2CVS 3IWR Top holdings2014-03-31 1.BRK-B 2.CVS 3.IWR 4.IBM 5.JNJ 6.CVX 7.JPM 8.PG 9.PEP 10.JNJ
2013-12-31	77	$205.5M	10	1BRK-B 2CVS 3IWR Top holdings2013-12-31 1.BRK-B 2.CVS 3.IWR 4.IBM 5.JNJ 6.PG 7.CVX 8.PEP 9.JNJ 10.AAPL
2013-09-30	76	$186.7M	9	1BRK-B 2IWR 3IBM Top holdings2013-09-30 1.BRK-B 2.IWR 3.IBM 4.CVS 5.CVX 6.PG 7.PEP 8.JNJ 9.JNJ 10.MCD
2013-06-30	76	$177.7M	—	1BRK-B 2IBM 3IWR Top holdings2013-06-30 1.BRK-B 2.IBM 3.IWR 4.CVS 5.PG 6.PEP 7.CVX 8.XOM 9.JNJ 10.MCD

Holding changes this quarter

Culbertson A N & Co INC's most significant position changes for 2026-03-31: New buy: Tjx Companies INC (TJX); Sold out: Chubb Limited (CB); Sold out: Blackrock INC (BLK); Sold out: Walt Disney Co/the (DIS); New buy: Ss Spdr P Tips ETF (SPIP).

Position changes disclosed by Culbertson A N & Co INC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	JNJ	Johnson & Johnson	+3.2%	+123.38%	Add
2	XOM	Exxon Mobil CORP	+0.9%	+27.75%	Add
3	WMT	Walmart INC	+0.6%	+405.59%	Add
4	CVX	Chevron CORP	+0.5%	+2.81%	Add
5	CAT	Caterpillar INC	+0.4%	-2.97%	Trim
6	STT	State Street CORP	+0.3%	+242.11%	Add
7	EOG	Eog Resources INC	+0.3%	+21.96%	Add
8	AMGN	Amgen INC	+0.2%	+253.36%	Add
9	DE	Deere & Co	+0.2%	-2.02%	Trim
10	ABBV	Abbvie INC	+0.2%	+19.76%	Add
11	FDX	Fedex CORP	+0.2%	-0.72%	Trim
12	AMZN	Amazon.com INC	+0.2%	+36.37%	Add
13	APD	Air Products & Chemicals INC	+0.2%	+6.65%	Add
14	VZ	Verizon Communications INC	+0.2%	+24.82%	Add
15	GLW	Corning INC	+0.1%	-24.61%	Trim
16	COF	Capital One Financial CORP	+0.1%	+82.38%	Add
17	TFC	Truist Financial CORP	+0.1%	+161.19%	Add
18	MKL	Markel Group INC	+0.1%	+31.21%	Add
19	BX	Blackstone INC	+0.1%	+279.96%	Add
20	USB	US Bancorp	0%	+12.81%	Add
21	CMI	Cummins INC	0%	-1.38%	Trim
22	IBM	Intl Business Machines CORP	-0.1%	-4.67%	Trim
23	CSCO	Cisco Systems INC	-0.1%	-8.46%	Trim
24	MDLZ	Mondelez International Inc-a	-0.2%	-31.99%	Trim
25	VGT	Vanguard Info Tech ETF	-0.2%	-1.42%	Trim
26	VUG	Vanguard Growth ETF	-0.2%	-5.88%	Trim
27	GOOGL	Alphabet Inc-cl A	-0.2%	-0.38%	Trim
28	WFC	Wells Fargo & Co	-0.2%	-1.16%	Trim
29	VTI	Vanguard Total Stock Mkt ETF	-0.2%	-3.85%	Trim
30	ADP	Automatic Data Processing	-0.2%	-3.59%	Trim
31	ABT	Abbott Laboratories	-0.3%	+1.81%	Add
32	GS	Goldman Sachs Group INC	-0.4%	-2.29%	Trim
33	GOOG	Alphabet Inc-cl C	-0.4%	-1.09%	Trim
34	AAPL	Apple INC	-0.6%	+3.57%	Add
35	BRK-B	Berkshire Hathaway Inc-cl B	-0.6%	+2.75%	Add
36	JPM	Jpmorgan Chase & Co	-0.8%	-3.59%	Trim
37	MSFT	Microsoft CORP	-1.4%	+2.31%	Add
38	TJX	Tjx Companies INC	—	NEW	New buy
39	CB	Chubb Limited	—	EXIT	Sold out
40	BLK	Blackrock INC	—	EXIT	Sold out
41	DIS	Walt Disney Co/the	—	EXIT	Sold out
42	SPIP	Ss Spdr P Tips ETF	—	NEW	New buy
43	PAYX	Paychex INC	—	NEW	New buy
44	GWX	State Street Spdr S&p Intern	—	NEW	New buy
45	ZTS	Zoetis INC	—	NEW	New buy
46	UNH	Unitedhealth Group INC	—	EXIT	Sold out
47	IVW	Ishares S&p 500 Growth ETF	—	EXIT	Sold out
48	PGR	Progressive CORP	—	NEW	New buy
49	BUD	Anheuser-busch Inbev-spn Adr	—	EXIT	Sold out
50	OMC	Omnicom Group	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-12	13F-HR	View on EDGAR
2025-12-31	2026-01-21	13F-HR	View on EDGAR
2025-09-30	2025-10-24	13F-HR	View on EDGAR
2025-06-30	2025-08-11	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-01-16	13F-HR	View on EDGAR
2024-09-30	2024-10-16	13F-HR	View on EDGAR
2024-06-30	2024-07-30	13F-HR	View on EDGAR
2024-03-31	2024-04-30	13F-HR	View on EDGAR
2023-12-31	2024-01-19	13F-HR	View on EDGAR
2023-09-30	2023-10-18	13F-HR	View on EDGAR
2023-06-30	2023-07-18	13F-HR	View on EDGAR
2023-03-31	2023-05-08	13F-HR	View on EDGAR
2022-12-31	2023-01-23	13F-HR	View on EDGAR
2022-09-30	2022-10-13	13F-HR	View on EDGAR
2022-06-30	2022-07-21	13F-HR	View on EDGAR
2022-03-31	2022-04-19	13F-HR	View on EDGAR
2021-12-31	2022-01-14	13F-HR	View on EDGAR
2021-09-30	2021-10-22	13F-HR	View on EDGAR
2021-06-30	2021-07-26	13F-HR	View on EDGAR
2021-03-31	2021-04-22	13F-HR	View on EDGAR
2020-12-31	2021-01-27	13F-HR	View on EDGAR
2020-09-30	2020-10-30	13F-HR	View on EDGAR
2020-06-30	2020-07-24	13F-HR	View on EDGAR
2020-03-31	2020-04-27	13F-HR	View on EDGAR
2019-12-31	2020-01-27	13F-HR	View on EDGAR
2019-09-30	2019-10-28	13F-HR	View on EDGAR
2019-06-30	2019-07-24	13F-HR	View on EDGAR
2019-03-31	2019-04-17	13F-HR	View on EDGAR
2018-12-31	2019-01-25	13F-HR	View on EDGAR
2018-09-30	2018-10-22	13F-HR	View on EDGAR
2018-06-30	2018-07-18	13F-HR	View on EDGAR
2018-03-31	2018-04-18	13F-HR	View on EDGAR
2017-12-31	2018-01-22	13F-HR	View on EDGAR
2017-09-30	2017-10-18	13F-HR	View on EDGAR
2017-06-30	2017-07-18	13F-HR	View on EDGAR
2017-03-31	2017-04-21	13F-HR	View on EDGAR
2016-12-31	2017-01-23	13F-HR	View on EDGAR
2016-09-30	2016-10-12	13F-HR	View on EDGAR
2016-06-30	2016-07-13	13F-HR	View on EDGAR
2016-03-31	2016-04-14	13F-HR	View on EDGAR
2015-12-31	2016-01-19	13F-HR	View on EDGAR
2015-09-30	2015-10-16	13F-HR	View on EDGAR
2015-06-30	2015-07-16	13F-HR	View on EDGAR
2015-03-31	2015-04-21	13F-HR	View on EDGAR
2014-12-31	2015-01-26	13F-HR	View on EDGAR
2014-09-30	2014-10-16	13F-HR	View on EDGAR
2014-06-30	2014-07-22	13F-HR	View on EDGAR
2014-03-31	2014-04-16	13F-HR	View on EDGAR
2013-12-31	2014-01-21	13F-HR	View on EDGAR
2013-09-30	2013-10-16	13F-HR	View on EDGAR
2013-06-30	2013-07-19	13F-HR	View on EDGAR

FAQ

What is Culbertson A N & Co INC and what type of investor is it?

Culbertson A N & Co INC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $770.9M, spread across 132 disclosed positions.

What are Culbertson A N & Co INC's largest equity positions?

Based on the latest 13F filing, Culbertson A N & Co INC's top holdings by market value are: 1. Berkshire Hathaway Inc-cl B (BRK-B) — $57.3M (7.4%) 2. Apple INC (AAPL) — $45.5M (5.9%) 3. Johnson & Johnson (JNJ) — $40.8M (5.3%) 4. Jpmorgan Chase & Co (JPM) — $32.2M (4.2%) 5. Microsoft CORP (MSFT) — $31.0M (4.0%)

What changes did Culbertson A N & Co INC make in its most recent portfolio filing?

In the latest reported quarter, Culbertson A N & Co INC made 50 notable position adjustments: 7 new positions were initiated, 20 existing holdings were added to, 17 positions were partially reduced, and 6 were completely exited. The largest of these moves: New buy: Tjx Companies INC (TJX); Sold out: Chubb Limited (CB); Sold out: Blackrock INC (BLK); Sold out: Walt Disney Co/the (DIS); New buy: Ss Spdr P Tips ETF (SPIP)

What sectors does Culbertson A N & Co INC focus on?

Culbertson A N & Co INC is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 29.9% • Information Technology: 19.2% • Health Care: 15.0% • Industrials: 12.3% • Energy: 6.3% • Communication Services: 6.1%

Peer Institutions

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LexAurum Advisors, LLC

CIK 0001729677

Total reported value

$771.1M

400 stks

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Concentration5.8

Portfolio Stability28.0

Sector conviction44.2

AUM within 0.0% of this institution

View detail

Concord Wealth Partners

CIK 0001814214

Total reported value

$770.5M

207 stks

2026-03-31

Concentration7.9

Portfolio Stability22.1

Sector conviction52.3

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Wahed Invest LLC

CIK 0001763146

Total reported value

$770.3M

225 stks

2026-03-31

Concentration15.3

Portfolio Stability26.2

Sector conviction76.5

AUM within 0.1% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Boenning & Scattergood, INC.

CIK 0000012933

Total reported value

$622.0M

398 stks

2022-12-31

Stale — no recent filing

Concentration4.0

Portfolio Stability0.0

Sector conviction47.7

4 of the top 5 holdings overlap, including Apple INC

View detail

Guardian Investor Services LLC

CIK 0000728572

Total reported value

$126.4M

502 stks

2015-03-31

Stale — no recent filing

Concentration2.7

Portfolio Stability10.5

Sector conviction45.0

4 of the top 5 holdings overlap, including Apple INC

View detail

Roffman Miller Associates INC /pa/

CIK 0000869367

Total reported value

$1.7B

86 stks

2026-03-31

Concentration11.1

Portfolio Stability13.8

Sector conviction46.3

4 of the top 5 holdings overlap, including Apple INC

View detail

Culbertson A N & Co INC Institutional Portfolio (13F)

CIK: 0001224890

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$770.9M

Reporting period: 2026-03-31 · Number of holdings: 132

CULBERTSON A N & CO INC disclosed 132 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $770.9M and a quarterly turnover rate of 18.3%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "C"

Personality snowflake

Concentration: 10.08
Portfolio Stability: 18.29
Momentum/Contrarian: 100
Sector conviction: 52.86
Diversification: 100
Sizing Uniformity: 84.69

Position sizes vary widely across the portfolio (a coefficient of variation of 1.53), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Add JNJ
+123.4%　$25.3M
Trim MSFT
+2.3%　-$8.6M
Add XOM
+27.8%　$7.1M
Trim JPM
-3.6%　-$4.4M
Trim BRK-B
+2.7%　-$1.2M
Add WMT
+405.6%　$4.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	7.44%	-0.59%	+2.75%
2	AAPL	Apple INC	Stock-Tech	5.90%	-0.55%	+3.57%
3	JNJ	Johnson & Johnson	Stock-Healthcare	5.29%	+3.17%	+123.38%
4	JPM	Jpmorgan Chase & Co	Stock-Financials	4.18%	-0.84%	-3.59%
5	MSFT	Microsoft CORP	Stock-Tech	4.03%	-1.41%	+2.31%
6	CAT	Caterpillar INC	Stock-Industrials	3.65%	+0.44%	-2.97%
7	GS	Goldman Sachs Group INC	Stock-Financials	2.91%	-0.37%	-2.29%
8	GOOG	Alphabet Inc-cl C	Stock-Comm Services	2.49%	-0.43%	-1.09%
9	CMI	Cummins INC	Stock-Industrials	2.39%	-0.04%	-1.38%
10	ABBV	Abbvie INC	Stock-Healthcare	2.27%	+0.17%	+19.76%
11	MCK	Mckesson CORP	Stock-Healthcare	2.23%	—	-3.80%
12	IWR	Ishares Russell Mid-cap ETF	ETF-Other	2.08%	—	-1.95%
13	XOM	Exxon Mobil CORP	Stock-Energy	2.06%	+0.85%	+27.75%
14	CVX	Chevron CORP	Stock-Energy	1.88%	+0.46%	+2.81%
15	DE	Deere & Co	Stock-Industrials	1.81%	+0.20%	-2.02%
16	ORCL	Oracle CORP	Stock-Tech	1.78%	—	+29.62%
17	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	1.55%	-0.23%	-3.85%
18	MCD	Mcdonald's CORP	Stock-Consumer Disc	1.45%	—	-2.79%
19	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	1.36%	-0.21%	-0.38%
20	VB	Vanguard Small-cap ETF	ETF-Other	1.35%	—	+0.06%
21	PEP	Pepsico INC	Stock-Consumer Staples	1.33%	—	-3.62%
22	ABT	Abbott Laboratories	Stock-Healthcare	1.23%	-0.33%	+1.81%
23	FDX	Fedex CORP	Stock-Industrials	1.22%	+0.17%	-0.72%
24	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	1.20%	—	-2.10%
25	GLW	Corning INC	Stock-Tech	1.17%	+0.11%	-24.61%
26	AMZN	Amazon.com INC	Stock-Consumer Disc	1.12%	+0.16%	+36.37%
27	PG	Procter & Gamble Co/the	Stock-Consumer Staples	1.10%	—	-1.06%
28	USB	US Bancorp	Stock-Financials	1.09%	+0.04%	+12.81%
29	BN	Brookfield CORP	Stock-Financials	1.04%	—	+22.25%
30	APD	Air Products & Chemicals INC	Stock-Materials	1.02%	+0.16%	+6.65%
31	BSV	Vanguard Short-term Bond ETF	ETF-Other	1.01%	—	+3.67%
32	VGT	Vanguard Info Tech ETF	ETF-Tech	1.00%	-0.16%	-1.42%
33	MKL	Markel Group INC	Stock-Financials	0.98%	+0.09%	+31.21%
34	V	Visa Inc-class A Shares	Stock-Financials	0.94%	—	+13.03%
35	CSCO	Cisco Systems INC	Stock-Tech	0.94%	-0.13%	-8.46%
36	VO	Vanguard Mid-cap ETF	ETF-Other	0.88%	—	+1.42%
37	WFC	Wells Fargo & Co	Stock-Financials	0.87%	-0.22%	-1.16%
38	EOG	Eog Resources INC	Stock-Energy	0.78%	+0.29%	+21.96%
39	OEF	Ishares S&p 100 ETF	ETF-Other	0.72%	—	-0.82%
40	WMT	Walmart INC	Stock-Consumer Staples	0.70%	+0.57%	+405.59%
41	VUG	Vanguard Growth ETF	ETF-Other	0.69%	-0.18%	-5.88%
42	TRV	Travelers Cos Inc/the	Stock-Financials	0.69%	—	-9.99%
43	VBR	Vanguard Small-cap Value ETF	ETF-Other	0.66%	—	+5.50%
44	VGSH	Vanguard Short-term Treasury	ETF-Gov Bonds	0.61%	—	-0.77%
45	ADP	Automatic Data Processing	Stock-Tech	0.61%	-0.24%	-3.59%
46	VTV	Vanguard Value ETF	ETF-Other	0.59%	—	-2.75%
47	C	Citigroup INC	Stock-Financials	0.57%	—	-3.20%
48	MS	Morgan Stanley	Stock-Financials	0.55%	—	+1.14%
49	TXN	Texas Instruments INC	Stock-Tech	0.52%	—	+0.99%
50	BAC	Bank Of America CORP	Stock-Financials	0.52%	—	-1.67%

1–50 of 132

Portfolio Performance

Performance for Q3 2026

+4%

Performance Last 4 Quarters

+27.4%

Based on 64% of reported portfolio value with available pricing

Stdev: +12.1%
Beta: +0.84
Alpha: +2.2%
Max Drawdown: -9.1%
Annualized Perf: +18.5%
Batting Avg vs S&P: +61.1%
Sortino: +2.86
Stutzer: +0.43
Treynor: +0.21
Sterling: +1.1
Calmar: +2.05
Information Ratio: -0.12
Tracking Error: +5.2%
Stdev Down: +6.2%
Winning Months %: +75%
Losing Months %: +25%
Best 12 Months: +37%
Worst 12 Months: +11.6%
Efficiency Ratio: +0.59
Sharpe: +1.48
Stdev Sectors: +8.7%
Skewness: -0.15
Kurtosis: -0.42
Upside Potential: +4.47

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	132	$770.9M	18	1BRK-B 2AAPL 3JNJ Top holdings2026-03-31 1.BRK-B 2.AAPL 3.JNJ 4.JPM 5.MSFT 6.CAT 7.GS 8.GOOG 9.CMI 10.ABBV
2025-12-31	128	$728.9M	9	1BRK-B 2AAPL 3MSFT Top holdings2025-12-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.GS 6.CAT 7.GOOG 8.CMI 9.MCK 10.IWR
2025-09-30	128	$706.6M	19	1BRK-B 2AAPL 3MSFT Top holdings2025-09-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.GS 6.ORCL 7.CAT 8.GOOG 9.IWR 10.MCK
2025-06-30	127	$651.3M	0	1BRK-B 2MSFT 3AAPL Top holdings2025-06-30 1.BRK-B 2.MSFT 3.AAPL 4.JPM 5.GS 6.ORCL 7.CAT 8.IWR 9.MCK 10.ABBV
2025-03-31	124	$626.0M	100	1BRK-B 2AAPL 3MSFT Top holdings2025-03-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.GS 6.ABBV 7.IWR 8.MCK 9.CAT 10.JNJ
2024-12-31	126	$628.7M	0	1BRK-B 2AAPL 3MSFT Top holdings2024-12-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.GS 6.IWR 7.CAT 8.GOOG 9.ORCL 10.ABBV
2024-09-30	126	$621.1M	0	1BRK-B 2AAPL 3MSFT Top holdings2024-09-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.CAT 6.IWR 7.ABBV 8.GS 9.ORCL 10.JNJ
2024-06-30	121	$572.6M	0	1BRK-B 2AAPL 3MSFT Top holdings2024-06-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.IWR 6.CAT 7.GOOG 8.MCK 9.GS 10.ABBV
2024-03-31	122	$579.3M	0	1BRK-B 2MSFT 3AAPL Top holdings2024-03-31 1.BRK-B 2.MSFT 3.AAPL 4.JPM 5.CAT 6.IWR 7.ABBV 8.GS 9.MCK 10.JNJ
2023-12-31	119	$537.7M	0	1AAPL 2BRK-B 3MSFT Top holdings2023-12-31 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.CAT 7.MCD 8.ABBV 9.JNJ 10.GS
2023-09-30	115	$498.3M	0	1BRK-B 2AAPL 3MSFT Top holdings2023-09-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.IWR 6.CAT 7.JNJ 8.ABBV 9.MCD 10.PEP
2023-06-30	115	$517.5M	0	1AAPL 2BRK-B 3MSFT Top holdings2023-06-30 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.MCD 7.JNJ 8.PEP 9.CAT 10.ABT
2023-03-31	117	$489.6M	0	1AAPL 2BRK-B 3MSFT Top holdings2023-03-31 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.ABBV 7.MCD 8.PEP 9.JNJ 10.CAT
2022-12-31	118	$474.8M	0	1BRK-B 2AAPL 3MSFT Top holdings2022-12-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.ABBV 6.JNJ 7.IWR 8.PEP 9.MCD 10.ABT
2022-09-30	117	$430.9M	0	1AAPL 2BRK-B 3MSFT Top holdings2022-09-30 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.JNJ 6.IWR 7.ABBV 8.PEP 9.MCD 10.ABT
2022-06-30	114	$461.1M	0	1AAPL 2BRK-B 3MSFT Top holdings2022-06-30 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.ABBV 6.JNJ 7.IWR 8.ABT 9.PEP 10.MCD
2022-03-31	115	$531.2M	0	1AAPL 2BRK-B 3MSFT Top holdings2022-03-31 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.ABBV 7.JNJ 8.ABT 9.PEP 10.MCD
2021-12-31	112	$531.0M	0	1AAPL 2MSFT 3BRK-B Top holdings2021-12-31 1.AAPL 2.MSFT 3.BRK-B 4.JPM 5.IWR 6.ABT 7.MCD 8.JNJ 9.ABBV 10.PEP
2021-09-30	113	$488.7M	0	1AAPL 2MSFT 3BRK-B Top holdings2021-09-30 1.AAPL 2.MSFT 3.BRK-B 4.JPM 5.IWR 6.ABT 7.JNJ 8.MCD 9.GS 10.GOOG
2021-06-30	112	$480.1M	100	1AAPL 2BRK-B 3MSFT Top holdings2021-06-30 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.ABT 7.JNJ 8.GS 9.MCD 10.PEP
2021-03-31	111	$454.2M	11	1AAPL 2BRK-B 3MSFT Top holdings2021-03-31 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.ABT 7.JNJ 8.MCD 9.CMI 10.CAT
2020-12-31	111	$420.7M	12	1AAPL 2BRK-B 3MSFT Top holdings2020-12-31 1.AAPL 2.BRK-B 3.MSFT 4.JPM 5.IWR 6.ABT 7.JNJ 8.PEP 9.MCD 10.ABBV
2020-09-30	111	$378.7M	12	1AAPL 2MSFT 3BRK-B Top holdings2020-09-30 1.AAPL 2.MSFT 3.BRK-B 4.ABT 5.JPM 6.JNJ 7.IWR 8.MCD 9.PEP 10.PG
2020-06-30	109	$364.1M	17	1AAPL 2MSFT 3BRK-B Top holdings2020-06-30 1.AAPL 2.MSFT 3.BRK-B 4.JPM 5.JNJ 6.ABT 7.IWR 8.PEP 9.INTC 10.MCD
2020-03-31	105	$309.1M	24	1BRK-B 2AAPL 3MSFT Top holdings2020-03-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.JNJ 6.ABT 7.PEP 8.IWR 9.INTC 10.MCD
2019-12-31	108	$388.1M	11	1BRK-B 2AAPL 3MSFT Top holdings2019-12-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.IWR 6.JNJ 7.ABT 8.PEP 9.MCD 10.INTC
2019-09-30	104	$366.4M	7	1BRK-B 2AAPL 3MSFT Top holdings2019-09-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.IWR 6.MCD 7.JNJ 8.PEP 9.ABT 10.CVX
2019-06-30	105	$359.7M	7	1BRK-B 2MSFT 3AAPL Top holdings2019-06-30 1.BRK-B 2.MSFT 3.AAPL 4.JPM 5.IWR 6.JNJ 7.MCD 8.ABT 9.PEP 10.CVX
2019-03-31	104	$347.0M	13	1BRK-B 2AAPL 3MSFT Top holdings2019-03-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.JNJ 6.IWR 7.MCD 8.ABT 9.PEP 10.INTC
2018-12-31	105	$314.0M	16	1BRK-B 2AAPL 3MSFT Top holdings2018-12-31 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.JNJ 6.IWR 7.MCD 8.ABT 9.ABBV 10.PEP
2018-09-30	109	$367.0M	12	1BRK-B 2AAPL 3MSFT Top holdings2018-09-30 1.BRK-B 2.AAPL 3.MSFT 4.JPM 5.IWR 6.JNJ 7.FDX 8.MCD 9.CVS 10.ABT
2018-06-30	109	$336.2M	7	1BRK-B 2AAPL 3JPM Top holdings2018-06-30 1.BRK-B 2.AAPL 3.JPM 4.MSFT 5.IWR 6.JNJ 7.CVX 8.INTC 9.FDX 10.ABBV
2018-03-31	106	$334.3M	9	1BRK-B 2AAPL 3JPM Top holdings2018-03-31 1.BRK-B 2.AAPL 3.JPM 4.MSFT 5.IWR 6.JNJ 7.MMM 8.INTC 9.FDX 10.ABBV
2017-12-31	103	$354.6M	10	1BRK-B 2AAPL 3JPM Top holdings2017-12-31 1.BRK-B 2.AAPL 3.JPM 4.IWR 5.MSFT 6.JNJ 7.MMM 8.FDX 9.MCD 10.ABBV
2017-09-30	96	$327.7M	7	1BRK-B 2AAPL 3JPM Top holdings2017-09-30 1.BRK-B 2.AAPL 3.JPM 4.IWR 5.JNJ 6.MSFT 7.CVS 8.MMM 9.PEP 10.MCD
2017-06-30	94	$315.4M	7	1BRK-B 2AAPL 3JPM Top holdings2017-06-30 1.BRK-B 2.AAPL 3.JPM 4.IWR 5.JNJ 6.CVS 7.MSFT 8.MMM 9.PEP 10.MCD
2017-03-31	93	$307.1M	7	1BRK-B 2AAPL 3JPM Top holdings2017-03-31 1.BRK-B 2.AAPL 3.JPM 4.IWR 5.JNJ 6.CVS 7.MSFT 8.PEP 9.MMM 10.PG
2016-12-31	92	$293.9M	10	1BRK-B 2JPM 3IWR Top holdings2016-12-31 1.BRK-B 2.JPM 3.IWR 4.AAPL 5.CVS 6.JNJ 7.MSFT 8.CVX 9.PEP 10.MMM
2016-09-30	88	$281.2M	14	1BRK-B 2IWR 3CVS Top holdings2016-09-30 1.BRK-B 2.IWR 3.CVS 4.AAPL 5.JNJ 6.JPM 7.PEP 8.MSFT 9.MMM 10.PG
2016-06-30	81	$270.4M	9	1BRK-B 2CVS 3IWR Top holdings2016-06-30 1.BRK-B 2.CVS 3.IWR 4.JNJ 5.AAPL 6.JPM 7.MCK 8.PEP 9.MMM 10.PG
2016-03-31	80	$257.6M	39	1BRK-B 2CVS 3IWR Top holdings2016-03-31 1.BRK-B 2.CVS 3.IWR 4.AAPL 5.JNJ 6.PEP 7.JPM 8.MMM 9.MSFT 10.PG
2015-12-31	81	$252.9M	11	1BRK-B 2CVS 3IWR Top holdings2015-12-31 1.BRK-B 2.CVS 3.IWR 4.AAPL 5.JPM 6.MCK 7.JNJ 8.PEP 9.MSFT 10.WFC
2015-09-30	84	$237.0M	11	1BRK-B 2CVS 3IWR Top holdings2015-09-30 1.BRK-B 2.CVS 3.IWR 4.AAPL 5.JPM 6.PEP 7.JNJ 8.MCK 9.WFC 10.PG
2015-06-30	86	$256.4M	7	1BRK-B 2CVS 3AAPL Top holdings2015-06-30 1.BRK-B 2.CVS 3.AAPL 4.IWR 5.JPM 6.MCK 7.PEP 8.JNJ 9.WFC 10.JNJ
2015-03-31	87	$251.2M	8	1BRK-B 2CVS 3AAPL Top holdings2015-03-31 1.BRK-B 2.CVS 3.AAPL 4.IWR 5.MCK 6.PEP 7.JNJ 8.JPM 9.JNJ 10.PG
2014-12-31	82	$242.3M	8	1BRK-B 2CVS 3AAPL Top holdings2014-12-31 1.BRK-B 2.CVS 3.AAPL 4.IWR 5.JNJ 6.PG 7.PEP 8.MCK 9.JPM 10.WFC
2014-09-30	81	$232.3M	7	1BRK-B 2CVS 3IWR Top holdings2014-09-30 1.BRK-B 2.CVS 3.IWR 4.AAPL 5.JNJ 6.IBM 7.PEP 8.PG 9.MCK 10.JPM
2014-06-30	81	$230.0M	8	1BRK-B 2CVS 3IWR Top holdings2014-06-30 1.BRK-B 2.CVS 3.IWR 4.JNJ 5.AAPL 6.IBM 7.CVX 8.PEP 9.JNJ 10.MCK
2014-03-31	78	$214.7M	7	1BRK-B 2CVS 3IWR Top holdings2014-03-31 1.BRK-B 2.CVS 3.IWR 4.IBM 5.JNJ 6.CVX 7.JPM 8.PG 9.PEP 10.JNJ
2013-12-31	77	$205.5M	10	1BRK-B 2CVS 3IWR Top holdings2013-12-31 1.BRK-B 2.CVS 3.IWR 4.IBM 5.JNJ 6.PG 7.CVX 8.PEP 9.JNJ 10.AAPL
2013-09-30	76	$186.7M	9	1BRK-B 2IWR 3IBM Top holdings2013-09-30 1.BRK-B 2.IWR 3.IBM 4.CVS 5.CVX 6.PG 7.PEP 8.JNJ 9.JNJ 10.MCD
2013-06-30	76	$177.7M	—	1BRK-B 2IBM 3IWR Top holdings2013-06-30 1.BRK-B 2.IBM 3.IWR 4.CVS 5.PG 6.PEP 7.CVX 8.XOM 9.JNJ 10.MCD

Holding changes this quarter

Position changes disclosed by Culbertson A N & Co INC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	JNJ	Johnson & Johnson	+3.2%	+123.38%	Add
2	XOM	Exxon Mobil CORP	+0.9%	+27.75%	Add
3	WMT	Walmart INC	+0.6%	+405.59%	Add
4	CVX	Chevron CORP	+0.5%	+2.81%	Add
5	CAT	Caterpillar INC	+0.4%	-2.97%	Trim
6	STT	State Street CORP	+0.3%	+242.11%	Add
7	EOG	Eog Resources INC	+0.3%	+21.96%	Add
8	AMGN	Amgen INC	+0.2%	+253.36%	Add
9	DE	Deere & Co	+0.2%	-2.02%	Trim
10	ABBV	Abbvie INC	+0.2%	+19.76%	Add
11	FDX	Fedex CORP	+0.2%	-0.72%	Trim
12	AMZN	Amazon.com INC	+0.2%	+36.37%	Add
13	APD	Air Products & Chemicals INC	+0.2%	+6.65%	Add
14	VZ	Verizon Communications INC	+0.2%	+24.82%	Add
15	GLW	Corning INC	+0.1%	-24.61%	Trim
16	COF	Capital One Financial CORP	+0.1%	+82.38%	Add
17	TFC	Truist Financial CORP	+0.1%	+161.19%	Add
18	MKL	Markel Group INC	+0.1%	+31.21%	Add
19	BX	Blackstone INC	+0.1%	+279.96%	Add
20	USB	US Bancorp	0%	+12.81%	Add
21	CMI	Cummins INC	0%	-1.38%	Trim
22	IBM	Intl Business Machines CORP	-0.1%	-4.67%	Trim
23	CSCO	Cisco Systems INC	-0.1%	-8.46%	Trim
24	MDLZ	Mondelez International Inc-a	-0.2%	-31.99%	Trim
25	VGT	Vanguard Info Tech ETF	-0.2%	-1.42%	Trim
26	VUG	Vanguard Growth ETF	-0.2%	-5.88%	Trim
27	GOOGL	Alphabet Inc-cl A	-0.2%	-0.38%	Trim
28	WFC	Wells Fargo & Co	-0.2%	-1.16%	Trim
29	VTI	Vanguard Total Stock Mkt ETF	-0.2%	-3.85%	Trim
30	ADP	Automatic Data Processing	-0.2%	-3.59%	Trim
31	ABT	Abbott Laboratories	-0.3%	+1.81%	Add
32	GS	Goldman Sachs Group INC	-0.4%	-2.29%	Trim
33	GOOG	Alphabet Inc-cl C	-0.4%	-1.09%	Trim
34	AAPL	Apple INC	-0.6%	+3.57%	Add
35	BRK-B	Berkshire Hathaway Inc-cl B	-0.6%	+2.75%	Add
36	JPM	Jpmorgan Chase & Co	-0.8%	-3.59%	Trim
37	MSFT	Microsoft CORP	-1.4%	+2.31%	Add
38	TJX	Tjx Companies INC	—	NEW	New buy
39	CB	Chubb Limited	—	EXIT	Sold out
40	BLK	Blackrock INC	—	EXIT	Sold out
41	DIS	Walt Disney Co/the	—	EXIT	Sold out
42	SPIP	Ss Spdr P Tips ETF	—	NEW	New buy
43	PAYX	Paychex INC	—	NEW	New buy
44	GWX	State Street Spdr S&p Intern	—	NEW	New buy
45	ZTS	Zoetis INC	—	NEW	New buy
46	UNH	Unitedhealth Group INC	—	EXIT	Sold out
47	IVW	Ishares S&p 500 Growth ETF	—	EXIT	Sold out
48	PGR	Progressive CORP	—	NEW	New buy
49	BUD	Anheuser-busch Inbev-spn Adr	—	EXIT	Sold out
50	OMC	Omnicom Group	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-12	13F-HR	View on EDGAR
2025-12-31	2026-01-21	13F-HR	View on EDGAR
2025-09-30	2025-10-24	13F-HR	View on EDGAR
2025-06-30	2025-08-11	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-01-16	13F-HR	View on EDGAR
2024-09-30	2024-10-16	13F-HR	View on EDGAR
2024-06-30	2024-07-30	13F-HR	View on EDGAR
2024-03-31	2024-04-30	13F-HR	View on EDGAR
2023-12-31	2024-01-19	13F-HR	View on EDGAR
2023-09-30	2023-10-18	13F-HR	View on EDGAR
2023-06-30	2023-07-18	13F-HR	View on EDGAR
2023-03-31	2023-05-08	13F-HR	View on EDGAR
2022-12-31	2023-01-23	13F-HR	View on EDGAR
2022-09-30	2022-10-13	13F-HR	View on EDGAR
2022-06-30	2022-07-21	13F-HR	View on EDGAR
2022-03-31	2022-04-19	13F-HR	View on EDGAR
2021-12-31	2022-01-14	13F-HR	View on EDGAR
2021-09-30	2021-10-22	13F-HR	View on EDGAR
2021-06-30	2021-07-26	13F-HR	View on EDGAR
2021-03-31	2021-04-22	13F-HR	View on EDGAR
2020-12-31	2021-01-27	13F-HR	View on EDGAR
2020-09-30	2020-10-30	13F-HR	View on EDGAR
2020-06-30	2020-07-24	13F-HR	View on EDGAR
2020-03-31	2020-04-27	13F-HR	View on EDGAR
2019-12-31	2020-01-27	13F-HR	View on EDGAR
2019-09-30	2019-10-28	13F-HR	View on EDGAR
2019-06-30	2019-07-24	13F-HR	View on EDGAR
2019-03-31	2019-04-17	13F-HR	View on EDGAR
2018-12-31	2019-01-25	13F-HR	View on EDGAR
2018-09-30	2018-10-22	13F-HR	View on EDGAR
2018-06-30	2018-07-18	13F-HR	View on EDGAR
2018-03-31	2018-04-18	13F-HR	View on EDGAR
2017-12-31	2018-01-22	13F-HR	View on EDGAR
2017-09-30	2017-10-18	13F-HR	View on EDGAR
2017-06-30	2017-07-18	13F-HR	View on EDGAR
2017-03-31	2017-04-21	13F-HR	View on EDGAR
2016-12-31	2017-01-23	13F-HR	View on EDGAR
2016-09-30	2016-10-12	13F-HR	View on EDGAR
2016-06-30	2016-07-13	13F-HR	View on EDGAR
2016-03-31	2016-04-14	13F-HR	View on EDGAR
2015-12-31	2016-01-19	13F-HR	View on EDGAR
2015-09-30	2015-10-16	13F-HR	View on EDGAR
2015-06-30	2015-07-16	13F-HR	View on EDGAR
2015-03-31	2015-04-21	13F-HR	View on EDGAR
2014-12-31	2015-01-26	13F-HR	View on EDGAR
2014-09-30	2014-10-16	13F-HR	View on EDGAR
2014-06-30	2014-07-22	13F-HR	View on EDGAR
2014-03-31	2014-04-16	13F-HR	View on EDGAR
2013-12-31	2014-01-21	13F-HR	View on EDGAR
2013-09-30	2013-10-16	13F-HR	View on EDGAR
2013-06-30	2013-07-19	13F-HR	View on EDGAR