Cutler Investment Counsel LLC

13F filer · CIK 0001285973

Reported Jul 14, 2026

Net buyer this quarter

13F portfolio value$1.06BU.S. long equity reported on 13F

Positions855 new · 2 closed

Net flow last quarter+$6.89MBuys minus sells

Top 10 positions weight20.9%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 14, 202685 positions
CATCaterpillar Inc	$32.9M	3.10%	0.01%	-18.2%	Q2 2013
SPABASTROTECH Corp	$29.6M	2.79%	Not reported	+3.8%	Q3 2023
MSFTMicrosoft Corp	$25.1M	2.36%	0.00%	-0.4%	Q2 2013
WMTWalmart Inc.	$24.6M	2.31%	0.00%	-0.2%	Q2 2015
RTXRTX Corp	$21.9M	2.06%	0.01%	+0.2%	Q2 2020
DEDeere & Co	$20.5M	1.93%	0.01%	-0.1%	Q4 2013
SCHWSchwab Charles Corp	$17.2M	1.62%	0.01%	+0.3%	Q2 2013
BLKBlackRock, Inc.	$16.9M	1.59%	0.01%	+0.2%	Q1 2014
TXNTexas Instruments Inc	$16.9M	1.59%	0.01%	+0.3%	Q2 2013
RSGRepublic Services, Inc.	$16.5M	1.55%	0.03%	0.0%	Q4 2016
XOMExxonMobil Holdings Corp	$16.3M	1.54%	0.00%	+0.4%	Q2 2013
NEENextera Energy Inc	$16.3M	1.53%	0.01%	+38.0%	Q2 2013
HDHome Depot, Inc.	$16.2M	1.53%	0.00%	-0.4%	Q2 2013
CVSCVS HEALTH Corp	$15.5M	1.46%	0.01%	+0.3%	Q2 2023
JPMJPMorgan Chase & Co	$14.9M	1.41%	0.00%	-0.7%	Q3 2018
MCDMcdonalds Corp	$13.6M	1.28%	0.01%	+0.1%	Q2 2013
JNJJohnson & Johnson	$12.7M	1.20%	0.00%	+0.5%	Q2 2013
IBMInternational Business Machines Corp	$11.9M	1.12%	0.00%	0.0%	Q2 2013
MRKMerck & Co., Inc.	$11.4M	1.07%	0.00%	+0.2%	Q2 2013
CVXChevron Corp	$10.9M	1.03%	0.00%	+0.3%	Q2 2013
PNCPNC Financial Services Group, Inc.	$10.8M	1.02%	0.01%	-0.1%	Q2 2013
CARRCARRIER GLOBAL Corp	$10.7M	1.00%	0.02%	-0.1%	Q2 2020
VZVerizon Communications Inc	$9.89M	0.93%	0.01%	+0.1%	Q2 2013
KRKroger Co	$9.71M	0.91%	0.03%	-0.1%	Q4 2016
MTBM&T Bank Corp	$9.22M	0.87%	0.03%	0.0%	Q2 2013
MDTMedtronic plc	$9.04M	0.85%	0.01%	-0.3%	Q2 2018
CSCOCisco Systems, Inc.	$9.02M	0.85%	0.00%	+1059.7%	Q1 2017
PGPROCTER & GAMBLE Co	$8.68M	0.82%	0.00%	-0.6%	Q2 2013
QQnity Electronics, Inc.	$7.82M	0.74%	0.02%	+0.1%	Q4 2025
PEPPepsico Inc	$7.69M	0.72%	0.00%	+0.4%	Q2 2013
AAPLApple Inc.	$6.97M	0.66%	0.00%	-0.7%	Q2 2015
PSXPhillips 66	$6.64M	0.63%	0.01%	0.0%	Q1 2026
BDXBecton Dickinson & Co	$6.14M	0.58%	0.01%	0.0%	Q2 2013
DDDuPont de Nemours, Inc.	$4.15M	0.39%	0.02%	+3.8%	Q2 2019
PFEPfizer Inc	$3.93M	0.37%	0.00%	0.0%	Q2 2013
LENLennar Corp	$3.75M	0.35%	Not reported	-0.8%	Q3 2025
BRK.ABerkshire Hathaway Inc	$3.74M	0.35%	Not reported	+150.0%	Q1 2025
NOBLNoble International, Ltd.	$3.45M	0.32%	Not reported	-3.7%	Q1 2022
AMZNAmazon Com Inc	$3.45M	0.32%	0.00%	0.0%	Q3 2021
SPGIS&P Global Inc.	$3.09M	0.29%	0.00%	Not reported	Q3 2017
FNDFSchwab Strategic Trust	$3.06M	0.29%	Not reported	+10.5%	Q1 2022
BRK.BBerkshire Hathaway Inc	$3.01M	0.28%	Not reported	+6.2%	Q4 2020
COSTCostco Wholesale Corp	$2.75M	0.26%	0.00%	-0.6%	Q1 2022
GOOGAlphabet Inc.	$2.63M	0.25%	Not reported	-6.5%	Q4 2017
AVOMission Produce, Inc.	$2.5M	0.24%	0.24%	Not reported	Q2 2021
NVDANvidia Corp	$1.63M	0.15%	0.00%	-2.5%	Q3 2021
SBUXStarbucks Corp	$1.63M	0.15%	0.00%	+95.2%	Q1 2016
GOOGLAlphabet Inc.	$1.41M	0.13%	0.00%	+1.3%	Q2 2017
DFAXGulf Resources, Inc.	$1.39M	0.13%	Not reported	New	Q2 2026
SPYSPDR S&P 500 ETF Trust	$1.38M	0.13%	Not reported	-19.6%	Q3 2020

Q1 2026Reported May 7, 202682 positions
SPABASTROTECH Corp	$28.7M	2.95%	Not reported	+1.4%	Q3 2023
WMTWalmart Inc.	$27.1M	2.79%	0.00%	-1.7%	Q2 2015
CATCaterpillar Inc	$26.8M	2.76%	0.01%	-19.8%	Q2 2013
MSFTMicrosoft Corp	$25M	2.58%	0.00%	-1.2%	Q2 2013
RTXRTX Corp	$22.2M	2.28%	0.01%	-1.2%	Q2 2020
XOMExxonMobil Holdings Corp	$20.2M	2.08%	0.00%	-0.4%	Q2 2013
DEDeere & Co	$18.3M	1.88%	0.01%	-1.3%	Q4 2013
SCHWSchwab Charles Corp	$17.5M	1.80%	0.01%	-0.9%	Q2 2013
RSGRepublic Services, Inc.	$17M	1.75%	0.03%	-1.7%	Q4 2016
BLKBlackRock, Inc.	$16.8M	1.73%	0.01%	-2.0%	Q1 2014
MCDMcdonalds Corp	$15.6M	1.61%	0.01%	-1.4%	Q2 2013
HDHome Depot, Inc.	$15.2M	1.56%	0.00%	-1.3%	Q2 2013
CVXChevron Corp	$13.6M	1.40%	0.00%	-2.9%	Q2 2013
JPMJPMorgan Chase & Co	$13.5M	1.39%	0.00%	0.0%	Q3 2018
KRKroger Co	$12.7M	1.30%	0.03%	-1.4%	Q4 2016
NEENextera Energy Inc	$12.5M	1.29%	0.01%	-0.7%	Q2 2013
JNJJohnson & Johnson	$12.2M	1.25%	0.00%	-0.7%	Q2 2013
VZVerizon Communications Inc	$11.7M	1.21%	0.01%	-1.3%	Q2 2013
TXNTexas Instruments Inc	$10.9M	1.13%	0.01%	-1.2%	Q2 2013
CVSCVS HEALTH Corp	$10.7M	1.11%	0.01%	-1.4%	Q2 2023
MRKMerck & Co., Inc.	$10.6M	1.09%	0.00%	-1.1%	Q2 2013
IBMInternational Business Machines Corp	$10.3M	1.06%	0.00%	-0.6%	Q2 2013
MDTMedtronic plc	$10M	1.03%	0.01%	-2.2%	Q2 2018
PNCPNC Financial Services Group, Inc.	$9.17M	0.94%	0.01%	-1.1%	Q2 2013
PEPPepsico Inc	$8.78M	0.90%	0.00%	-1.4%	Q2 2013
PGPROCTER & GAMBLE Co	$8.6M	0.89%	0.00%	-1.0%	Q2 2013
CARRCARRIER GLOBAL Corp	$8.19M	0.84%	0.02%	-2.1%	Q2 2020
MTBM&T Bank Corp	$8.01M	0.82%	0.03%	-1.2%	Q2 2013
PSXPhillips 66	$7.16M	0.74%	0.01%	New	Q1 2026
BDXBecton Dickinson & Co	$6.38M	0.66%	0.01%	-2.1%	Q2 2013
AAPLApple Inc.	$6.15M	0.63%	0.00%	-3.8%	Q2 2015
NKENIKE, Inc.	$5.71M	0.59%	0.01%	-10.9%	Q3 2019
QQnity Electronics, Inc.	$5.52M	0.57%	0.02%	-1.5%	Q4 2025
PFEPfizer Inc	$4.58M	0.47%	0.00%	-1.3%	Q2 2013
DDDuPont de Nemours, Inc.	$4.06M	0.42%	0.02%	-1.4%	Q2 2019
LENLennar Corp	$3.62M	0.37%	Not reported	-1.7%	Q3 2025
NOBLNoble International, Ltd.	$3.38M	0.35%	Not reported	-1.1%	Q1 2022
SPGIS&P Global Inc.	$3.23M	0.33%	0.00%	Not reported	Q3 2017
AMZNAmazon Com Inc	$3.01M	0.31%	0.00%	+9.8%	Q3 2021
COSTCostco Wholesale Corp	$2.94M	0.30%	0.00%	+0.8%	Q1 2022
AVOMission Produce, Inc.	$2.91M	0.30%	0.30%	Not reported	Q2 2021
BRK.BBerkshire Hathaway Inc	$2.72M	0.28%	Not reported	+2.1%	Q4 2020
FNDFSchwab Strategic Trust	$2.57M	0.26%	Not reported	+10.2%	Q1 2022
GOOGAlphabet Inc.	$2.29M	0.24%	Not reported	+6.7%	Q4 2017
SPYSPDR S&P 500 ETF Trust	$1.49M	0.15%	Not reported	-7.8%	Q3 2020
NVDANvidia Corp	$1.46M	0.15%	0.00%	-1.2%	Q3 2021
BRK.ABerkshire Hathaway Inc	$1.44M	0.15%	Not reported	Not reported	Q1 2025
TSLATesla, Inc.	$1.14M	0.12%	0.00%	+5.3%	Q1 2022
GOOGLAlphabet Inc.	$1.12M	0.12%	0.00%	+11.9%	Q2 2017
QQQInvesco QQQ Trust, Series 1	$1.06M	0.11%	Not reported	+0.9%	Q1 2022

Q4 2025Reported Feb 12, 202680 positions
MSFTMicrosoft Corp	$33.1M	3.44%	0.00%	-1.4%	Q2 2013
SPABASTROTECH Corp	$28.4M	2.96%	Not reported	+3.5%	Q3 2023
CATCaterpillar Inc	$27M	2.81%	0.01%	-22.6%	Q2 2013
WMTWalmart Inc.	$24.7M	2.57%	0.00%	-2.7%	Q2 2015
RTXRTX Corp	$21.3M	2.22%	0.01%	-2.4%	Q2 2020
BLKBlackRock, Inc.	$19.1M	1.99%	0.01%	-1.9%	Q1 2014
SCHWSchwab Charles Corp	$18.8M	1.95%	0.01%	-3.7%	Q2 2013
RSGRepublic Services, Inc.	$16.7M	1.74%	0.03%	-2.3%	Q4 2016
HDHome Depot, Inc.	$16.1M	1.68%	0.00%	-3.3%	Q2 2013
MCDMcdonalds Corp	$15.6M	1.62%	0.01%	-2.4%	Q2 2013
DEDeere & Co	$15.3M	1.59%	0.01%	-2.5%	Q4 2013
JPMJPMorgan Chase & Co	$14.8M	1.54%	0.00%	-4.1%	Q3 2018
XOMExxonMobil Holdings Corp	$14.4M	1.50%	0.00%	-2.8%	Q2 2013
IBMInternational Business Machines Corp	$12.6M	1.31%	0.00%	-2.4%	Q2 2013
CVSCVS HEALTH Corp	$12M	1.25%	0.01%	+15.9%	Q2 2023
MDTMedtronic plc	$11.4M	1.18%	0.01%	-2.2%	Q2 2018
KRKroger Co	$11.1M	1.15%	0.03%	-2.2%	Q4 2016
NEENextera Energy Inc	$10.9M	1.13%	0.01%	-2.0%	Q2 2013
JNJJohnson & Johnson	$10.4M	1.08%	0.00%	-2.3%	Q2 2013
CVXChevron Corp	$10.3M	1.07%	0.00%	-4.0%	Q2 2013
TXNTexas Instruments Inc	$9.89M	1.03%	0.01%	-3.4%	Q2 2013
VZVerizon Communications Inc	$9.63M	1.00%	0.01%	-2.6%	Q2 2013
MRKMerck & Co., Inc.	$9.4M	0.98%	0.00%	-3.7%	Q2 2013
PNCPNC Financial Services Group, Inc.	$9.3M	0.97%	0.01%	-3.1%	Q2 2013
PGPROCTER & GAMBLE Co	$8.62M	0.90%	0.00%	-2.7%	Q2 2013
PEPPepsico Inc	$8.32M	0.86%	0.00%	-2.6%	Q2 2013
BDXBecton Dickinson & Co	$8.04M	0.84%	0.01%	-4.2%	Q2 2013
MTBM&T Bank Corp	$7.9M	0.82%	0.03%	-2.2%	Q2 2013
CARRCARRIER GLOBAL Corp	$7.85M	0.82%	0.02%	-2.2%	Q2 2020
NKENIKE, Inc.	$7.72M	0.80%	0.01%	+26.1%	Q3 2019
AAPLApple Inc.	$6.85M	0.71%	0.00%	+3.3%	Q2 2015
LENLennar Corp	$4.37M	0.45%	Not reported	+59.3%	Q3 2025
PFEPfizer Inc	$4.12M	0.43%	0.00%	-2.4%	Q2 2013
SPGIS&P Global Inc.	$3.97M	0.41%	0.00%	-35.5%	Q3 2017
QQnity Electronics, Inc.	$3.96M	0.41%	0.02%	-4.1%	Q4 2025
DDDuPont de Nemours, Inc.	$3.61M	0.38%	0.02%	-11.4%	Q2 2019
NOBLNoble International, Ltd.	$3.35M	0.35%	Not reported	0.0%	Q1 2022
AMZNAmazon Com Inc	$3.04M	0.32%	0.00%	+1.1%	Q3 2021
BRK.BBerkshire Hathaway Inc	$2.79M	0.29%	Not reported	+3.3%	Q4 2020
COSTCostco Wholesale Corp	$2.53M	0.26%	0.00%	+2.0%	Q1 2022
AVOMission Produce, Inc.	$2.46M	0.26%	0.30%	-0.5%	Q2 2021
GOOGAlphabet Inc.	$2.35M	0.24%	Not reported	+2.8%	Q4 2017
FNDFSchwab Strategic Trust	$2.15M	0.22%	Not reported	+7.2%	Q1 2022
SPYSPDR S&P 500 ETF Trust	$1.7M	0.18%	Not reported	+4.8%	Q3 2020
NVDANvidia Corp	$1.58M	0.16%	0.00%	+24.3%	Q3 2021
BRK.ABerkshire Hathaway Inc	$1.51M	0.16%	Not reported	Not reported	Q1 2025
TSLATesla, Inc.	$1.3M	0.14%	0.00%	+11.1%	Q1 2022
QQQInvesco QQQ Trust, Series 1	$1.12M	0.12%	Not reported	+19.0%	Q1 2022
GOOGLAlphabet Inc.	$1.09M	0.11%	0.00%	Not reported	Q2 2017
GLDSPDR Gold Trust	$995K	0.10%	0.00%	-5.8%	Q2 2013

Q3 2025Reported Nov 4, 202578 positions
MSFTMicrosoft Corp	$35.9M	3.77%	0.00%	-3.0%	Q2 2013
CATCaterpillar Inc	$29.1M	3.05%	0.01%	-0.8%	Q2 2013
SPABASTROTECH Corp	$27.6M	2.89%	Not reported	+4.3%	Q3 2023
WMTWalmart Inc.	$23.5M	2.46%	0.00%	-0.5%	Q2 2015
BLKBlackRock, Inc.	$21.2M	2.23%	0.01%	-0.7%	Q1 2014
RTXRTX Corp	$19.9M	2.09%	0.01%	-0.4%	Q2 2020
HDHome Depot, Inc.	$19.6M	2.06%	0.00%	0.0%	Q2 2013
SCHWSchwab Charles Corp	$18.6M	1.95%	0.01%	-0.4%	Q2 2013
RSGRepublic Services, Inc.	$18.5M	1.94%	0.03%	-0.6%	Q4 2016
MCDMcdonalds Corp	$15.9M	1.67%	0.01%	-1.2%	Q2 2013
DEDeere & Co	$15.4M	1.62%	0.01%	-0.7%	Q4 2013
JPMJPMorgan Chase & Co	$15.1M	1.58%	0.00%	-0.4%	Q3 2018
XOMExxonMobil Holdings Corp	$13.9M	1.45%	0.00%	-0.5%	Q2 2013
IBMInternational Business Machines Corp	$12.3M	1.29%	0.00%	-0.7%	Q2 2013
KRKroger Co	$12.2M	1.28%	0.03%	-0.6%	Q4 2016
MDTMedtronic plc	$11.5M	1.21%	0.01%	-0.5%	Q2 2018
CVXChevron Corp	$11M	1.15%	0.00%	+10.6%	Q2 2013
TXNTexas Instruments Inc	$10.8M	1.14%	0.01%	-0.9%	Q2 2013
VZVerizon Communications Inc	$10.7M	1.12%	0.01%	-1.0%	Q2 2013
NEENextera Energy Inc	$10.4M	1.09%	0.01%	-0.6%	Q2 2013
CVSCVS HEALTH Corp	$9.87M	1.03%	0.01%	-0.5%	Q2 2023
JNJJohnson & Johnson	$9.53M	1.00%	0.00%	-1.1%	Q2 2013
PGPROCTER & GAMBLE Co	$9.5M	1.00%	0.00%	-0.9%	Q2 2013
PNCPNC Financial Services Group, Inc.	$9.24M	0.97%	0.01%	-0.8%	Q2 2013
CARRCARRIER GLOBAL Corp	$9.07M	0.95%	0.02%	-0.8%	Q2 2020
PEPPepsico Inc	$8.27M	0.87%	0.00%	-0.9%	Q2 2013
BDXBecton Dickinson & Co	$8.1M	0.85%	0.02%	-1.2%	Q2 2013
MTBM&T Bank Corp	$7.93M	0.83%	0.03%	-1.0%	Q2 2013
DDDuPont de Nemours, Inc.	$7.89M	0.83%	0.02%	-1.1%	Q2 2019
MRKMerck & Co., Inc.	$7.79M	0.82%	0.00%	-1.1%	Q2 2013
NKENIKE, Inc.	$6.7M	0.70%	0.01%	-1.5%	Q3 2019
AAPLApple Inc.	$6.21M	0.65%	0.00%	-1.6%	Q2 2015
SPGIS&P Global Inc.	$5.73M	0.60%	0.00%	0.0%	Q3 2017
PFEPfizer Inc	$4.32M	0.45%	0.00%	-1.9%	Q2 2013
LENLennar Corp	$3.36M	0.35%	Not reported	New	Q3 2025
NOBLNoble International, Ltd.	$3.32M	0.35%	Not reported	-0.9%	Q1 2022
AMZNAmazon Com Inc	$2.86M	0.30%	0.00%	-3.0%	Q3 2021
BRK.BBerkshire Hathaway Inc	$2.7M	0.28%	Not reported	+6.5%	Q4 2020
COSTCostco Wholesale Corp	$2.66M	0.28%	0.00%	-0.7%	Q1 2022
AVOMission Produce, Inc.	$2.56M	0.27%	0.30%	Not reported	Q2 2021
FNDFSchwab Strategic Trust	$1.91M	0.20%	Not reported	+0.3%	Q1 2022
GOOGAlphabet Inc.	$1.77M	0.19%	Not reported	+0.7%	Q4 2017
SPYSPDR S&P 500 ETF Trust	$1.58M	0.17%	Not reported	+11.4%	Q3 2020
BRK.ABerkshire Hathaway Inc	$1.51M	0.16%	Not reported	Not reported	Q1 2025
NVDANvidia Corp	$1.27M	0.13%	0.00%	+10.5%	Q3 2021
TSLATesla, Inc.	$1.16M	0.12%	0.00%	+17.7%	Q1 2022
GLDSPDR Gold Trust	$948K	0.10%	0.00%	+9.5%	Q2 2013
QQQInvesco QQQ Trust, Series 1	$921K	0.10%	Not reported	+2.2%	Q1 2022
SBUXStarbucks Corp	$848K	0.09%	0.00%	-4.3%	Q1 2016
GOOGLAlphabet Inc.	$845K	0.09%	0.00%	-5.3%	Q2 2017

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