CA
Cullinan Associates Inc 13F Holdings Tracker (Q2 2026)
Cullinan Associates IncCIK: 0001161670
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.3B
Reporting period: 2026-06-30 · Number of holdings: 204
CULLINAN ASSOCIATES INC disclosed 204 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.3B and a quarterly turnover rate of 22.4%.
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Personality snowflake
- Concentration
- 10.1
- Portfolio Stability
- 22.36
- Momentum
- 100
- Sector conviction
- 52.8
- Diversification
- 100
- Sizing Uniformity
- 79.57
Cullinan Associates Inc's disclosed holdings carry a Herfindahl concentration index of 0.025 — mathematically equivalent to about 40 equally-sized positions, well below its 204 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 2.04), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out XOM
New buy 30233Q108
Add AMAT
-9.8% $16.0M
Trim KO
-13.7% -$7.8M
Add LRCXEUR
0.0% $14.2M
Add GOOG
+23.1% $14.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 204 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 8.36% | +0.13% | -4.68% | |
| 2 | KO | Coca-cola Co/the | Stock-Consumer Staples | 6.96% | -1.12% | -13.71% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 3.94% | -0.74% | -10.71% | |
| 4 | SPGI | S&p Global Inc | Stock-Financials | 3.74% | -0.45% | -0.33% | |
| 5 | JNJ | Johnson & Johnson | Stock-Healthcare | 3.40% | -0.22% | -3.28% | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 3.16% | +0.93% | +23.06% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 2.91% | +0.22% | +0.77% | |
| 8 | AMAT | Applied Materials Inc | Stock-Tech | 2.54% | +1.12% | -9.76% | |
| 9 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 2.46% | -0.18% | -1.56% | |
| 10 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.27% | +0.29% | +7.22% | |
| 11 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.27% | -0.14% | -18.87% | |
| 12 | ✓ | Stock-Other | 2.18% | +2.18% | NEW | ||
| 13 | LRCXEUR | Lam Research CORP | Stock-Tech | 2.11% | +1.00% | — | |
| 14 | VRTX | Vertex Pharmaceuticals Inc | Stock-Healthcare | 1.94% | +0.07% | — | |
| 15 | IBM | Intl Business Machines CORP | Stock-Tech | 1.92% | +0.03% | -6.72% | |
| 16 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.82% | +0.28% | +13.93% | |
| 17 | TXN | Texas Instruments Inc | Stock-Tech | 1.41% | +0.36% | -6.61% | |
| 18 | NVDA | Nvidia CORP | Stock-Tech | 1.38% | +0.54% | +53.11% | |
| 19 | KLAC | Kla CORP | Stock-Tech | 1.36% | +0.50% | +729.41% | |
| 20 | ABBV | Abbvie Inc | Stock-Healthcare | 1.31% | +0.02% | -6.34% | |
| 21 | WMT | Walmart Inc | Stock-Consumer Staples | 1.22% | -0.21% | +0.61% | |
| 22 | AFL | Aflac Inc | Stock-Financials | 1.22% | -0.01% | -0.26% | |
| 23 | CAT | Caterpillar Inc | Stock-Industrials | 1.22% | +0.26% | -9.91% | |
| 24 | QLYS | Qualys Inc | Stock-Tech | 1.07% | +0.34% | — | |
| 25 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.99% | -0.43% | -14.17% | |
| 26 | AXP | American Express Co | Stock-Financials | 0.99% | — | -4.30% | |
| 27 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.96% | -0.22% | -7.06% | |
| 28 | DE | Deere & Co | Stock-Industrials | 0.94% | -0.01% | -5.90% | |
| 29 | CVX | Chevron CORP | Stock-Energy | 0.90% | -0.45% | -11.05% | |
| 30 | ORCL | Oracle CORP | Stock-Tech | 0.89% | -0.13% | -6.21% | |
| 31 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.87% | -0.05% | +3.21% | |
| 32 | CSCO | Cisco Systems Inc | Stock-Tech | 0.87% | +0.24% | -3.36% | |
| 33 | V | Visa Inc-class A Shares | Stock-Financials | 0.82% | +0.15% | +14.63% | |
| 34 | SO | Southern Co/the | Stock-Utilities | 0.74% | -0.07% | -0.30% | |
| 35 | HD | Home Depot Inc | Stock-Consumer Disc | 0.74% | +0.01% | +1.57% | |
| 36 | QCOM | Qualcomm Inc | Stock-Tech | 0.69% | +0.13% | -6.97% | |
| 37 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.69% | -0.12% | -2.42% | |
| 38 | UBER | Uber Technologies Inc | Stock-Industrials | 0.69% | -0.05% | — | |
| 39 | AMGN | Amgen Inc | Stock-Healthcare | 0.66% | -0.07% | -4.81% | |
| 40 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.64% | -0.24% | -7.56% | |
| 41 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.62% | +0.10% | -1.60% | |
| 42 | ECL | Ecolab Inc | Stock-Materials | 0.61% | +0.13% | +29.80% | |
| 43 | ✓ | Berkshire Hathaway Cl B | Stock-Other | 0.60% | +0.08% | +18.63% | |
| 44 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.59% | -0.07% | +1.06% | |
| 45 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.59% | — | -5.73% | |
| 46 | BAC | Bank Of America CORP | Stock-Financials | 0.58% | — | -8.15% | |
| 47 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.56% | -0.09% | -6.89% | |
| 48 | INTC | Intel CORP | Stock-Tech | 0.56% | +0.35% | -8.18% | |
| 49 | NYT | New York Times Co-a | Stock-Comm Services | 0.55% | -0.15% | +0.68% | |
| 50 | EMR | Emerson Electric Co | Stock-Industrials | 0.53% | -0.02% | -6.06% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+5.2%
Performance Last 4 Quarters
+17.1%
- Stdev
- +12%
- Beta
- +0.88
- Alpha
- -0.2%
- Max Drawdown
- -7%
- Annualized Perf
- +17.9%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.77
- Stutzer
- +0.42
- Treynor
- +0.2
- Sterling
- +1.16
- Calmar
- +2.54
- Information Ratio
- -0.63
- Tracking Error
- +4.3%
- Stdev Down
- +6.2%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +32.4%
- Worst 12 Months
- +9.2%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.44
- Stdev Sectors
- +8.8%
- Skewness
- -0.2
- Kurtosis
- -0.37
- Upside Potential
- +4.33
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 204 | $1.3B | 22 | ||
| 2026 Q1 | 207 | $1.2B | 23 | ||
| 2025 Q4 | 211 | $1.5B | 18 | ||
| 2025 Q3 | 213 | $1.5B | 20 | ||
| 2025 Q2 | 210 | $1.5B | 0 | ||
| 2025 Q1 | 216 | $1.4B | 100 | ||
| 2024 Q4 | 217 | $1.6B | 0 | ||
| 2024 Q3 | 232 | $1.8B | 0 | ||
| 2024 Q2 | 231 | $1.8B | 0 | ||
| 2024 Q1 | 241 | $1.8B | 0 | ||
| 2023 Q4 | 235 | $1.8B | 0 | ||
| 2023 Q3 | 242 | $1.7B | 0 | ||
| 2023 Q2 | 254 | $1.8B | 0 | ||
| 2023 Q1 | 243 | $1.7B | 0 | ||
| 2022 Q4 | 272 | $1.8B | 0 | ||
| 2022 Q3 | 227 | $1.6B | 0 | ||
| 2022 Q2 | 225 | $1.6B | 0 | ||
| 2022 Q1 | 235 | $1.9B | 0 | ||
| 2021 Q4 | 237 | $2.0B | 0 | ||
| 2021 Q3 | 235 | $1.8B | 0 | ||
| 2021 Q2 | 223 | $1.8B | 100 | ||
| 2021 Q1 | 214 | $1.7B | 15 | ||
| 2020 Q4 | 194 | $1.7B | 15 | ||
| 2020 Q3 | 181 | $1.6B | 19 | ||
| 2020 Q2 | 181 | $1.4B | 20 | ||
| 2020 Q1 | 170 | $1.2B | 24 | ||
| 2019 Q4 | 181 | $1.5B | 13 | ||
| 2019 Q3 | 180 | $1.4B | 9 | ||
| 2019 Q2 | 183 | $1.4B | 14 | ||
| 2019 Q1 | 181 | $1.3B | 19 | ||
| 2018 Q4 | 182 | $1.2B | 22 | ||
| 2018 Q3 | 179 | $1.4B | 12 | ||
| 2018 Q2 | 180 | $1.3B | 18 | ||
| 2018 Q1 | 184 | $1.3B | 19 | ||
| 2017 Q4 | 186 | $1.4B | 17 | ||
| 2017 Q3 | 195 | $1.3B | 10 | ||
| 2017 Q2 | 199 | $1.3B | 16 | ||
| 2017 Q1 | 199 | $1.2B | 14 | ||
| 2016 Q4 | 197 | $1.2B | 11 | ||
| 2016 Q3 | 200 | $1.2B | 14 | ||
| 2016 Q2 | 201 | $1.2B | 11 | ||
| 2016 Q1 | 200 | $1.2B | 15 | ||
| 2015 Q4 | 196 | $1.1B | 22 | ||
| 2015 Q3 | 211 | $1.1B | 20 | ||
| 2015 Q2 | 208 | $1.2B | 13 | ||
| 2015 Q1 | 216 | $1.3B | 62 | ||
| 2014 Q4 | 88 | $944.7M | 26 | ||
| 2014 Q3 | 90 | $878.0M | 47 | ||
| 2014 Q2 | 80 | $614.6M | 48 | ||
| 2014 Q1 | 88 | $879.2M | 9 | ||
| 2013 Q4 | 86 | $862.6M | 31 | ||
| 2013 Q3 | 86 | $745.9M | 19 | ||
| 2013 Q2 | 87 | $739.7M | — |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
Cullinan Associates Inc's most significant position changes for 2026-06-30: Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Arthur J Gallagher & Co (AJG); Sold out: Dynatrace Inc (DT); Sold out: First Solar Inc (FSLR).
Showing top 200 changes by size (of 214 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +2.2% | NEW | New buy | |
| 2 | AMAT | Applied Materials Inc | +1.1% | -9.76% | Trim |
| 3 | LRCXEUR | Lam Research CORP | +1% | — | Unchanged |
| 4 | GOOG | Alphabet Inc-cl C | +0.9% | +23.06% | Add |
| 5 | NVDA | Nvidia CORP | +0.5% | +53.11% | Add |
| 6 | KLAC | Kla CORP | +0.5% | +729.41% | Add |
| 7 | TXN | Texas Instruments Inc | +0.4% | -6.61% | Trim |
| 8 | INTC | Intel CORP | +0.4% | -8.18% | Trim |
| 9 | QLYS | Qualys Inc | +0.3% | — | Unchanged |
| 10 | AJG | Arthur J Gallagher & Co | +0.3% | NEW | New buy |
| 11 | AMZN | Amazon.com Inc | +0.3% | +7.22% | Add |
| 12 | JPM | Jpmorgan Chase & Co | +0.3% | +13.93% | Add |
| 13 | CAT | Caterpillar Inc | +0.3% | -9.91% | Trim |
| 14 | CSCO | Cisco Systems Inc | +0.2% | -3.36% | Trim |
| 15 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.2% | +0.77% | Add |
| 16 | V | Visa Inc-class A Shares | +0.2% | +14.63% | Add |
| 17 | AAPL | Apple Inc | +0.1% | -4.68% | Trim |
| 18 | QCOM | Qualcomm Inc | +0.1% | -6.97% | Trim |
| 19 | ECL | Ecolab Inc | +0.1% | +29.80% | Add |
| 20 | ASML | ASML Holding N.V. | +0.1% | — | Unchanged |
| 21 | LLY | Eli Lilly & Co | +0.1% | -1.60% | Trim |
| 22 | AMD | Advanced Micro Devices | +0.1% | — | Unchanged |
| 23 | ✓ | Berkshire Hathaway Cl B | +0.1% | +18.63% | Add |
| 24 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | — | Unchanged |
| 25 | ✓ | +0.1% | NEW | New buy | |
| 26 | MU | Micron Technology Inc | +0.1% | NEW | New buy |
| 27 | CVS | Cvs Health CORP | +0.1% | -9.38% | Trim |
| 28 | PANW | Palo Alto Networks Inc | +0.1% | -13.11% | Trim |
| 29 | AVGO | Broadcom Inc | +0.1% | +1.73% | Add |
| 30 | AESI | Atlas Energy Solutions Inc | +0.1% | — | Unchanged |
| 31 | SWK | Stanley Black & Decker Inc | 0% | — | Unchanged |
| 32 | IBM | Intl Business Machines CORP | 0% | -6.72% | Trim |
| 33 | DUK | Duke Energy CORP | 0% | +20.42% | Add |
| 34 | OKTA | Okta Inc | 0% | -26.50% | Trim |
| 35 | VOO | Vanguard S&p 500 ETF | 0% | — | Unchanged |
| 36 | UNH | Unitedhealth Group Inc | 0% | -4.91% | Trim |
| 37 | GE | General Electric | 0% | -0.96% | Trim |
| 38 | TSLA | Tesla Inc | 0% | +22.58% | Add |
| 39 | GTLB | Gitlab Inc-cl A | 0% | — | Unchanged |
| 40 | IVW | Ishares S&p 500 Growth ETF | 0% | NEW | New buy |
| 41 | KMI | Kinder Morgan, Inc. | 0% | NEW | New buy |
| 42 | HUM | Humana Inc | 0% | — | Unchanged |
| 43 | ABBV | Abbvie Inc | 0% | -6.34% | Trim |
| 44 | HPQ | Hp Inc | 0% | +0.29% | Add |
| 45 | IWF | Ishares Russell 1000 Growth | 0% | +297.11% | Add |
| 46 | UBS | UBS Group AG | 0% | — | Unchanged |
| 47 | ADI | Analog Devices Inc | 0% | -0.46% | Trim |
| 48 | CARR | Carrier Global CORP | 0% | -5.77% | Trim |
| 49 | GEV | GE Vernova Inc | 0% | -1.23% | Trim |
| 50 | HOOD | Robinhood Markets Inc - A | 0% | — | Unchanged |
1–50 of 200
Filing History
FAQ
What is Cullinan Associates Inc and what type of investor is it?
Cullinan Associates Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.3B, spread across 204 disclosed positions.
What are Cullinan Associates Inc's largest equity positions?
Based on the latest 13F filing, Cullinan Associates Inc's top holdings by market value are:
1. Apple Inc (AAPL) — $110.6M (8.4%)
2. Coca-cola Co/the (KO) — $92.1M (7.0%)
3. Microsoft CORP (MSFT) — $52.1M (3.9%)
4. S&p Global Inc (SPGI) — $49.5M (3.7%)
5. Johnson & Johnson (JNJ) — $45.0M (3.4%)
What changes did Cullinan Associates Inc make in its most recent portfolio filing?
In the latest reported quarter, Cullinan Associates Inc made 125 notable position adjustments: 7 new positions were initiated, 37 existing holdings were added to, 71 positions were partially reduced, and 10 were completely exited. The largest of these moves: Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Arthur J Gallagher & Co (AJG); Sold out: Dynatrace Inc (DT); Sold out: First Solar Inc (FSLR)
What sectors does Cullinan Associates Inc focus on?
Cullinan Associates Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 32.1%
• Financials: 14.8%
• Consumer Staples: 13.6%
• Health Care: 11.2%
• Communication Services: 8.6%
• Industrials: 8.2%
Investment Profile
Cullinan Associates Inc returned an annualized 17.9% over the trailing 36 months — underperforming the S&P 500 by 0.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.88 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 32.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 22 over the past 4 quarters — a shift toward more active trading.
It has added to its AMAT position over the past two quarters (+$18.4M, now $33.6M), while trimming WMT over the same stretch (-$41.8M, still holding $16.2M).
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Developer Access
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