Cutler Investment Counsel LLC reported 74 positions worth $490.15M for the quarter ended Sep 30, 2026, down 1.4% on the prior quarter. It opened 5 new positions, added to 17, trimmed 41 and exited 6. Its largest holding is Microsoft Corp at 6.9% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| QCOM Qualcomm Inc | +22.3K | – | $4.09M | 0.835% |
| WMT Walmart Inc. | +11.6K | +5.3% | $1.20M | 4.85% |
| WFC Wells Fargo & Company | +6,315 | +76.6% | $505.52K | 0.238% |
| AAPL Apple Inc. | +1,485 | +6.2% | $494.54K | 1.74% |
| SPCX Space Exploration Technologies Corp | +1,477 | – | $222.76K | 0.045% |
| COP Conocophillips | +1,764 | – | $220.71K | 0.045% |
| STX Seagate Technology Holdings plc | +225 | – | $207.68K | 0.042% |
| IBIT iShares Bitcoin Trust ETF | +4,294 | – | $203.28K | 0.041% |
| AMZN Amazon Com Inc | +132 | +0.9% | $32.89K | 0.742% |
| META Meta Platforms, Inc. | +40 | +8.2% | $29.01K | 0.078% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| LEN Lennar Corp | -41.4K | -100.0% | $3.75M | Exited |
| CVX Chevron Corp | -5,871 | -8.9% | $1.20M | 2.51% |
| MSFT Microsoft Corp | -984 | -1.5% | $504.70K | 6.94% |
| DE Deere & Co | -542 | -1.7% | $364.85K | 4.36% |
| CAT Caterpillar Inc | -419 | -1.4% | $339.73K | 5.05% |
| ALK Alaska Air Group, Inc. | -5,817 | -100.0% | $303.65K | Exited |
| MCD Mcdonalds Corp | -1,250 | -2.5% | $288.67K | 2.32% |
| GLW Corning Inc | -1,110 | -100.0% | $283.53K | Exited |
| CSCO Cisco Systems, Inc. | -2,513 | -3.3% | $270.47K | 1.63% |
| CVS CVS HEALTH Corp | -2,980 | -2.0% | $255.36K | 2.57% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | MSFT Microsoft Corp | Technology | 66.3K | $33.99M | 6.94% | -984 | -1.5% | Reduced | 0% |
| 2 | CAT Caterpillar Inc | Industrials | 30.5K | $24.73M | 5.05% | -419 | -1.4% | Reduced | 0.01% |
| 3 | WMT Walmart Inc. | Consumer Staples | 228.6K | $23.76M | 4.85% | +11.6K | +5.3% | Added | 0% |
| 4 | DE Deere & Co | Industrials | 31.8K | $21.39M | 4.36% | -542 | -1.7% | Reduced | 0.01% |
| 5 | RTX RTX Corp | Industrials | 114.2K | $21.20M | 4.33% | -1,032 | -0.9% | Reduced | 0.01% |
| 6 | XOM ExxonMobil Holdings Corp | Energy | 118.8K | $19.33M | 3.94% | -648 | -0.5% | Reduced | 0% |
| 7 | BLK BlackRock, Inc. | Financial Services | 17.3K | $18.35M | 3.74% | -189 | -1.1% | Reduced | 0.01% |
| 8 | SCHW Schwab Charles Corp | Financial Services | 184.5K | $18.03M | 3.68% | -2,326 | -1.2% | Reduced | 0.01% |
| 9 | RSG Republic Services, Inc. | Industrials | 76.6K | $16.08M | 3.28% | -870 | -1.1% | Reduced | 0.03% |
| 10 | TXN Texas Instruments Inc | Technology | 56.4K | $15.80M | 3.22% | -112 | -0.2% | Reduced | 0.01% |
| 11 | JPM Jpmorgan Chase & Co | Financial Services | 45.5K | $15.05M | 3.07% | -141 | -0.3% | Reduced | 0% |
| 12 | NEE Nextera Energy Inc | Utilities | 184.0K | $13.94M | 2.84% | -1,385 | -0.7% | Reduced | 0.01% |
| 13 | JNJ Johnson & Johnson | Healthcare | 49.7K | $13.15M | 2.68% | -365 | -0.7% | Reduced | 0% |
| 14 | HD Home Depot, Inc. | Consumer Discretionary | 45.2K | $12.85M | 2.62% | -860 | -1.9% | Reduced | 0% |
| 15 | MRK Merck & Co., Inc. | Healthcare | 87.3K | $12.76M | 2.6% | -433 | -0.5% | Reduced | 0% |
Tip. Select a row to see that position’s full history at Cutler Investment Counsel.
As of its Q3 2026 13F filing, Cutler Investment Counsel LLC’s five largest positions were Microsoft Corp (MSFT) at 6.9%, Caterpillar Inc (CAT) at 5.0%, Walmart Inc. (WMT) at 4.8%, Deere & Co (DE) at 4.4%, RTX Corp (RTX) at 4.3% of the reported portfolio.
Cutler Investment Counsel LLC reported a 13F portfolio worth $490.15M across 74 positions for Q3 2026. That is down 1.4% from the previous quarter.
Its largest purchases by value were Qualcomm Inc ($4.09M), Walmart Inc. ($1.20M), Wells Fargo & Company ($505.52K). It opened 5 new positions.
Its largest sales by value were Lennar Corp ($3.75M), Chevron Corp ($1.20M), Microsoft Corp ($504.70K). It exited 6 positions entirely.
From the Form 13F-HR reports Cutler Investment Counsel LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.