CI

Cutler Investment Counsel LLC

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$971.1M

Reporting period: 2026-03-31 · Number of holdings: 146

CUTLER INVESTMENT COUNSEL LLC disclosed 146 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $971.1M and a quarterly turnover rate of 8.9%.

Personality snowflake

Concentration
8.58
Portfolio Stability
8.95
Momentum/Contrarian
100
Sector conviction
40.85
Diversification
100
Sizing Uniformity
85.35

Recent moves

  • Trim MSFT

    -1.2%　-$8.0M

  • Add XOM

    -0.4%　$5.8M

  • Trim VUG

    -1.2%　-$3.4M

  • Trim IUSG

    -2.3%　-$3.2M

  • Add CVX

    -2.9%　$3.3M

  • Add DE

    -1.3%　$3.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1VOVanguard Mid-cap ETFETF-Other4.77%-0.11%-0.18%
2IGSBIshares 1-5y Inv Grade CORPETF-Other4.62%—+1.50%
3IEFAIshares Core Msci Eafe ETFETF-Other4.58%—-1.52%
4SPEMState Street Sp Ptf Em ETFETF-Other3.87%-0.11%-1.83%
5JIREJpmorgan Int Res Enh EqtyETF-Other3.65%+0.03%+0.47%
6IUSGIshares Core S&p U.s. GrowthETF-Other3.01%-0.36%-2.32%
7SPABSs Spdr P Agg Bond ETFETF-Other2.95%—+1.41%
8WMTWalmart INCStock-Consumer Staples2.79%+0.22%-1.73%
9CATCaterpillar INCStock-Industrials2.76%—-19.79%
10VUGVanguard Growth ETFETF-Other2.65%-0.37%-1.19%
11IJRIshares Core S&p Small-cap EETF-Small Cap2.63%+0.09%+1.26%
12GOVTIshares US Treasury Bond ETFETF-Gov Bonds2.62%—+0.81%
13MSFTMicrosoft CORPStock-Tech2.58%-0.86%-1.15%
14RTXRtx CORPStock-Industrials2.28%+0.06%-1.18%
15XOMExxon Mobil CORPStock-Energy2.08%+0.58%-0.44%
16DEDeere & CoStock-Industrials1.88%+0.29%-1.34%
17SCHWSchwab (charles) CORPStock-Financials1.80%-0.15%-0.90%
18RSGRepublic Services INCStock-Industrials1.75%—-1.66%
19BLKBlackrock INCStock-Financials1.73%-0.26%-2.02%
20MCDMcdonald's CORPStock-Consumer Disc1.61%—-1.44%
21HDHome Depot INCStock-Consumer Disc1.56%-0.12%-1.29%
22CVXChevron CORPStock-Energy1.40%+0.33%-2.85%
23JPMJpmorgan Chase & CoStock-Financials1.39%-0.15%+0.03%
24KRKroger CoStock-Consumer Staples1.30%+0.15%-1.40%
25NEENextera Energy INCStock-Utilities1.29%+0.15%-0.74%
26JNJJohnson & JohnsonStock-Healthcare1.25%+0.17%-0.71%
27VZVerizon Communications INCStock-Comm Services1.21%+0.21%-1.26%
28SPYMSte Str Spdr Pt S&p 500 ETFETF-Large Cap & Growth1.15%—+5.99%
29TXNTexas Instruments INCStock-Tech1.13%+0.10%-1.18%
30CVSCvs Health CORPStock-Healthcare1.11%-0.14%-1.43%
31MRKMerck & Co. INC.Stock-Healthcare1.09%+0.11%-1.07%
32IBMIntl Business Machines CORPStock-Tech1.06%-0.25%-0.58%
33MDTMedtronic plcStock-Healthcare1.03%-0.15%-2.21%
34RPGInvesco S&p 500 Pure GrowthETF-Large Cap & Growth0.99%-0.07%-5.88%
35PNCPnc Financial Services GroupStock-Financials0.94%—-1.08%
36VSSVanguard Ftse All Wo X-us ScETF-Other0.93%—+0.49%
37IVVIshares Core S&p 500 ETFETF-Large Cap & Growth0.93%—+2.43%
38PEPPepsico INCStock-Consumer Staples0.90%+0.04%-1.40%
39PGProcter & Gamble Co/theStock-Consumer Staples0.89%—-1.03%
40EMLCVaneck JPM Em Local Curr BndETF-Other0.86%—-1.11%
41REETIshares Global Reit ETFETF-Other0.86%—+2.21%
42CARRCarrier Global CORPStock-Industrials0.84%+0.02%-2.13%
43MTBM & T Bank CORPStock-Financials0.82%—-1.20%
44EFAVIshares Msci Eafe Min Vol FaETF-Other0.76%—-5.27%
45PSXPhillips 66Stock-Energy0.74%+0.74%NEW
46BIVVanguard Intermediate-term BETF-Other0.72%—-0.09%
47VTVVanguard Value ETFETF-Other0.68%—+2.56%
48BDXBecton Dickinson And CoStock-Healthcare0.66%-0.18%-2.13%
49VEAVanguard Ftse Developed ETFETF-Other0.64%—+2.56%
50AAPLApple INCStock-Tech0.63%-0.08%-3.84%
1–50 of 146

Holding changes this quarter

Cutler Investment Counsel LLC's most significant position changes for 2026-03-31: New buy: Phillips 66 (PSX); New buy: Immunitybio INC (IBRX); New buy: Waters CORP (WAT); Trim: Microsoft CORP (MSFT) — shares -1.15%; Trim: Exxon Mobil CORP (XOM) — shares -0.44%.

Position changes disclosed by Cutler Investment Counsel LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1XOMExxon Mobil CORP+0.6%-0.44%Trim
2CVXChevron CORP+0.3%-2.85%Trim
3DEDeere & Co+0.3%-1.34%Trim
4WMTWalmart INC+0.2%-1.73%Trim
5VZVerizon Communications INC+0.2%-1.26%Trim
6JNJJohnson & Johnson+0.2%-0.71%Trim
7QQnity Electronics INC+0.2%-1.46%Trim
8NEENextera Energy INC+0.2%-0.74%Trim
9KRKroger Co+0.2%-1.40%Trim
10FNDXSchwab Fndmntl US Lrg Co ETF+0.1%+117.69%Add
11MRKMerck & Co. INC.+0.1%-1.07%Trim
12TXNTexas Instruments INC+0.1%-1.18%Trim
13IJRIshares Core S&p Small-cap E+0.1%+1.26%Add
14RTXRtx CORP+0.1%-1.18%Trim
15SCHASchwab US Small-cap ETF+0.1%+10.56%Add
16BNDXVanguard Total Intl Bond ETF+0.1%+42.64%Add
17SCHDSchwab US Dvd Equity ETF+0.1%-1.37%Trim
18PEPPepsico INC0%-1.40%Trim
19PFEPfizer INC0%-1.30%Trim
20AVOMission Produce INC0%—Unchanged
216D8Dupont De Nemours INC0%-1.36%Trim
22COSTCostco Wholesale CORP0%+0.75%Add
23FNDFSchwab Fndmn Intl Lrg Co ETF0%+10.19%Add
24VNQVanguard Real Estate ETF0%+17.09%Add
25JIREJpmorgan Int Res Enh Eqty0%+0.47%Add
26FNDESchwab Fndmntl Em Mrk Eq ETF0%+24.25%Add
27CARRCarrier Global CORP0%-2.13%Trim
28IGSBIshares 1-5y Inv Grade CORP—+1.50%Add
29VTIVanguard Total Stock Mkt ETF-0.1%-3.23%Trim
30RPGInvesco S&p 500 Pure Growth-0.1%-5.88%Trim
31LENLennar Corp-a-0.1%-1.71%Trim
32SPGIS&p Global INC-0.1%—Unchanged
33AAPLApple INC-0.1%-3.84%Trim
34SPEMState Street Sp Ptf Em ETF-0.1%-1.83%Trim
35VOVanguard Mid-cap ETF-0.1%-0.18%Trim
36HDHome Depot INC-0.1%-1.29%Trim
37CVSCvs Health CORP-0.1%-1.43%Trim
38MDTMedtronic plc-0.2%-2.21%Trim
39JPMJpmorgan Chase & Co-0.2%+0.03%Add
40SCHWSchwab (charles) CORP-0.2%-0.90%Trim
41BDXBecton Dickinson And Co-0.2%-2.13%Trim
42NKENike INC -cl B-0.2%-10.88%Trim
43IBMIntl Business Machines CORP-0.3%-0.58%Trim
44BLKBlackrock INC-0.3%-2.02%Trim
45IUSGIshares Core S&p U.s. Growth-0.4%-2.32%Trim
46VUGVanguard Growth ETF-0.4%-1.19%Trim
47MSFTMicrosoft CORP-0.9%-1.15%Trim
48PSXPhillips 66—NEWNew buy
49IBRXImmunitybio INC—NEWNew buy
50WATWaters CORP—NEWNew buy

FAQ

What is Cutler Investment Counsel LLC and what type of investor is it?
Cutler Investment Counsel LLC 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 $971.1M, spread across 146 disclosed positions.
What are Cutler Investment Counsel LLC's largest equity positions?
Based on the latest 13F filing, Cutler Investment Counsel LLC's top holdings by market value are: 1. Vanguard Mid-cap ETF (VO) — $46.3M (4.8%) 2. Ishares 1-5y Inv Grade CORP (IGSB) — $44.8M (4.6%) 3. Ishares Core Msci Eafe ETF (IEFA) — $44.4M (4.6%) 4. State Street Sp Ptf Em ETF (SPEM) — $37.6M (3.9%) 5. Jpmorgan Int Res Enh Eqty (JIRE) — $35.4M (3.6%)
What changes did Cutler Investment Counsel LLC make in its most recent portfolio filing?
In the latest reported quarter, Cutler Investment Counsel LLC made 48 notable position adjustments: 3 new positions were initiated, 11 existing holdings were added to, 34 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Phillips 66 (PSX); New buy: Immunitybio INC (IBRX); New buy: Waters CORP (WAT); Trim: Microsoft CORP (MSFT) — shares -1.15%; Trim: Exxon Mobil CORP (XOM) — shares -0.44%
What sectors does Cutler Investment Counsel LLC focus on?
Cutler Investment Counsel LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 20.5% • Financials: 15.7% • Information Technology: 13.2% • Consumer Staples: 13.1% • Health Care: 12.5% • Consumer Discretionary: 9.9%