Cutler Investment Counsel LLC has filed a Form 13F-HR with the Securities and Exchange Commission, disclosing its equity portfolio as of September 30, 2026. The filing lists 156 distinct holdings, representing a total value of approximately $10.55 billion.
The portfolio is heavily weighted toward large-cap technology and consumer staples companies. Apple Inc. is the largest individual holding, with 25,560 shares valued at approximately $8.51 billion. Microsoft Corporation follows with 66,277 shares valued at roughly $33.99 billion. Other significant positions include Berkshire Hathaway Inc. Class A (5 shares), Broadcom Inc. (1,750 shares), and Visa Inc. Class A (1,127 shares).
The filing also reveals substantial exposure to exchange-traded funds (ETFs). Vanguard funds account for a significant portion of the portfolio, including the Vanguard S&P 500 ETF Shares (600 shares), the Vanguard Total Stock Market ETF (18,907 shares), and the Vanguard International Equity Index Fund FTSE Developed Markets ETF (66,623 shares). Other notable ETF holdings include the Invesco S&P 500 Growth ETF (200,599 shares) and the iShares Core S&P 500 ETF (132,083 shares).
Major industrial and energy companies are also present in the portfolio. Caterpillar Inc. holds 30,506 shares, while ExxonMobil Holdings Corp. holds 118,801 shares. The filing also lists positions in Deere & Co., JPMorgan Chase & Co., and Johnson & Johnson.
