CUTLER INVESTMENT COUNSEL LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VANGUARD INDEX FDS | VO | $52.7M | 654,530 | +0.20pp | 31q | +305.9%+$39.7M | |
| ISHARES TR | IEFA | $48.1M | 497,532 | -0.05pp | 31q | +1.4%+$648.1K | |
| ISHARES TR | IGSB | $46.2M | 881,726 | -0.27pp | 31q | +3.4%+$1.5M | |
| SPDR INDEX SHS FDS | SPEM | $41.9M | 808,417 | +0.07pp | 31q | +0.8%+$350.8K | |
| J P MORGAN EXCHANGE TRADED F | JIRE | $39.6M | 480,390 | +0.08pp | 8q | +2.8%+$1.1M | |
| ISHARES TR | IUSG | $35.6M | 189,385 | +0.35pp | 14q | +0.6%+$229.5K | |
| CATERPILLAR INC | CAT | $32.9M | 30,925 | +0.34pp | 31q | -18.2%-$7.3M | |
| ISHARES TR | IJR | $30.9M | 208,300 | +0.28pp | 25q | +1.4%+$432.3K | |
| VANGUARD INDEX FDS | VUG | $30.6M | 355,675 | +0.24pp | 31q | +504.6%+$25.6M | |
| SPDR SERIES TRUST | SPAB | $29.6M | 1,160,764 | -0.16pp | 12q | +3.7%+$1.1M | |
| ISHARES TR | GOVT | $26.2M | 1,149,762 | -0.16pp | 15q | +3.4%+$863.7K | |
| MICROSOFT CORP | MSFT | $25.1M | 67,261 | -0.21pp | 31q | HELD | |
| WALMART INC | WMT | $24.6M | 217,092 | -0.47pp | 31q | HELD | |
| RTX CORPORATION | RTX | $21.9M | 115,223 | -0.23pp | 25q | HELD | |
| DEERE & CO | DE | $20.5M | 32,312 | +0.05pp | 31q | HELD | |
| SCHWAB CHARLES CORP | SCHW | $17.2M | 186,829 | -0.18pp | 24q | HELD | |
| BLACKROCK INC | BLK | $16.9M | 17,531 | -0.15pp | 7q | HELD | |
| TEXAS INSTRS INC | TXN | $16.9M | 56,533 | +0.46pp | 31q | HELD | |
| REPUBLIC SVCS INC | RSG | $16.5M | 77,512 | -0.19pp | 31q | HELD | |
| EXXON MOBIL CORP | XOMXXXX | $16.3M | 119,449 | -0.54pp | 31q | HELD | |
| NEXTERA ENERGY INC | NEE | $16.3M | 185,395 | +0.25pp | 31q | +38.0%+$4.5M | |
| HOME DEPOT INC | HD | $16.2M | 46,023 | -0.04pp | 31q | HELD | |
| CVS HEALTH CORP | CVS | $15.5M | 149,901 | +0.35pp | 13q | HELD | |
| JPMORGAN CHASE & CO | JPM | $14.9M | 45,620 | +0.01pp | 25q | -0.7%-$98.5K | |
| SPDR SERIES TRUST | SPYM | $13.8M | 157,363 | +0.15pp | 8q | +7.9%+$1.0M | |
| MCDONALDS CORP | MCD | $13.6M | 50,409 | -0.33pp | 31q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RPG | $13.1M | 204,690 | +0.24pp | 31q | -0.6%-$80.3K | |
| JOHNSON & JOHNSON | JNJ | $12.7M | 50,046 | -0.06pp | 31q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $11.9M | 42,402 | +0.06pp | 22q | HELD | |
| MERCK & CO INC | MRK | $11.4M | 87,765 | -0.02pp | 31q | HELD | |
| CHEVRON CORPORATION | CVX | $10.9M | 66,008 | -0.37pp | 31q | HELD | |
| PNC FINL SVCS GROUP INC | PNC | $10.8M | 44,011 | +0.08pp | 31q | HELD | |
| ISHARES TR | IVV | $10.7M | 14,234 | +0.07pp | 28q | +2.7%+$279.3K | |
| CARRIER GLOBAL CORPORATION | CARR | $10.7M | 145,301 | +0.16pp | 25q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $9.9M | 233,690 | -0.28pp | 31q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VSS | $9.9M | 63,978 | flat | 8q | +2.9%+$279.7K | |
| KROGER CO | KR | $9.7M | 174,825 | -0.39pp | 31q | HELD | |
| ISHARES TR | REET | $9.5M | 344,085 | +0.04pp | 10q | +4.0%+$366.9K | |
| M & T BK CORP | MTB | $9.2M | 38,742 | +0.04pp | 31q | HELD | |
| MEDTRONIC PLC | MDT | $9.0M | 114,555 | -0.18pp | 31q | HELD | |
| CISCO SYS INC | CSCO | $9.0M | 76,816 | +0.80pp | 31q | +1059.7%+$8.2M | |
| VANECK ETF TRUST | EMLC | $8.7M | 341,363 | -0.04pp | 31q | +2.5%+$210.2K | |
| PROCTER & GAMBLE CO | PG | $8.7M | 59,169 | -0.07pp | 31q | -0.6%-$52.6K | |
| SCHWAB STRATEGIC TR | SCHA | $7.9M | 218,995 | +0.14pp | 19q | +8.5%+$621.3K | |
| VANGUARD BD INDEX FDS | BIV | $7.9M | 102,792 | +0.02pp | 23q | +12.7%+$887.7K | |
| QNITY ELECTRONICS INC | Q | $7.8M | 47,876 | +0.17pp | 3q | HELD | |
| PEPSICO INC | PEP | $7.7M | 56,765 | -0.18pp | 31q | HELD | |
| VANGUARD TAX-MANAGED FDS | VEA | $7.7M | 107,554 | +0.09pp | 18q | +11.5%+$792.5K | |
| VANGUARD INDEX FDS | VTV | $7.6M | 34,757 | +0.04pp | 31q | +3.8%+$279.4K | |
| ISHARES TR | EFAV | $7.0M | 80,264 | -0.10pp | 31q | -0.8%-$58.7K | |
| APPLE INC | AAPL | $7.0M | 24,075 | +0.02pp | 31q | -0.7%-$46.0K | |
| VANGUARD INDEX FDS | VTI | $7.0M | 18,791 | +0.02pp | 18q | -1.5%-$109.2K | |
| PHILLIPS 66 | PSX | $6.6M | 39,282 | -0.11pp | 2q | HELD | |
| BECTON DICKINSON & CO | BDX | $6.1M | 40,561 | -0.08pp | 31q | HELD | |
| SCHWAB STRATEGIC TR | SCHD | $5.2M | 163,262 | -0.01pp | 19q | +4.0%+$200.2K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $4.9M | 81,337 | +0.05pp | 18q | +10.5%+$461.5K | |
| INVESCO EXCH TRADED FD TR II | PDN | $4.4M | 96,912 | -0.03pp | 31q | -1.1%-$50.5K | |
| VANGUARD BD INDEX FDS | BND | $4.2M | 57,713 | +0.02pp | 20q | +16.8%+$609.6K | |
| DUPONT DE NEMOURS INC | $4.2M | 30,630 | - | new | NEW | ||
| PFIZER INC | PFE | $3.9M | 163,108 | -0.10pp | 7q | HELD | |
| LENNAR CORP | LEN | $3.7M | 41,401 | -0.02pp | 4q | -0.8%-$30.6K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $3.7M | 5 | +0.20pp | 6q | +150.0%+$2.2M | |
| SCHWAB STRATEGIC TR | FNDX | $3.5M | 112,177 | +0.11pp | 3q | +47.7%+$1.1M | |
| PROSHARES TR | NOBL | $3.5M | 61,435 | -0.02pp | 18q | +92.7%+$1.7M | |
| AMAZON COM INC | AMZN | $3.4M | 14,464 | +0.01pp | 20q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VT | $3.4M | 21,859 | +0.04pp | 31q | +8.6%+$271.5K | |
| SCHWAB STRATEGIC TR | FNDC | $3.2M | 66,204 | +0.02pp | 18q | +11.7%+$335.9K | |
| VANGUARD INDEX FDS | VNQ | $3.2M | 33,322 | +0.04pp | 19q | +14.7%+$411.2K | |
| SCHWAB STRATEGIC TR | FNDA | $3.1M | 81,394 | +0.04pp | 18q | +8.5%+$243.2K | |
| S&P GLOBAL INC | SPGI | $3.1M | 7,590 | -0.04pp | 31q | HELD | |
| SCHWAB STRATEGIC TR | FNDF | $3.1M | 58,028 | +0.02pp | 18q | +10.5%+$291.9K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $3.0M | 6,021 | flat | 23q | +6.2%+$176.1K | |
| COSTCO WHOLESALE CORPORATION | COST | $2.7M | 2,936 | -0.04pp | 18q | -0.6%-$15.9K | |
| ALPHABET INC | GOOG | $2.6M | 7,457 | +0.01pp | 31q | -6.5%-$183.7K | |
| MISSION PRODUCE INC | AVO | $2.5M | 211,750 | -0.07pp | 21q | HELD | |
| SCHWAB STRATEGIC TR | SCHX | $2.1M | 72,039 | +0.01pp | 18q | HELD | |
| VANGUARD SPECIALIZED FUNDS | VIG | $2.0M | 8,402 | flat | 31q | HELD | |
| VANGUARD CHARLOTTE FDS | BNDX | $2.0M | 40,724 | -0.01pp | 15q | +1.6%+$30.4K | |
| VANGUARD SCOTTSDALE FDS | VCSH | $1.8M | 22,400 | -0.01pp | 15q | +1.0%+$17.1K | |
| NVIDIA CORPORATION | NVDA | $1.6M | 8,158 | flat | 14q | -2.5%-$42.2K | |
| STARBUCKS CORP | SBUX | $1.6M | 15,952 | +0.08pp | 27q | +95.2%+$794.9K | |
| SCHWAB STRATEGIC TR | FNDE | $1.5M | 38,696 | -0.01pp | 18q | +1.3%+$20.4K | |
| ALPHABET INC | GOOGL | $1.4M | 3,940 | +0.02pp | 31q | +1.3%+$18.2K | |
| DIMENSIONAL ETF TRUST | DFAX | $1.4M | 37,754 | - | new | NEW | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.4M | 1,839 | -0.02pp | 24q | -19.6%-$335.3K | |
| INVESCO QQQ TR | QQQ | $1.4M | 1,851 | +0.02pp | 18q | +0.5%+$7.4K | |
| VANGUARD WORLD FD | VGT | $1.3M | 11,047 | +0.02pp | 11q | +683.5%+$1.2M | |
| TESLA INC | TSLA | $1.3M | 3,051 | flat | 18q | HELD | |
| VANGUARD MUN BD FDS | VTEB | $1.1M | 21,144 | -0.01pp | 10q | HELD | |
| IMMUNITYBIO INC | IBRX | $977.9K | 111,698 | +0.01pp | 2q | +11.7%+$102.4K | |
| SCHWAB STRATEGIC TR | SCHZ | $899.7K | 38,900 | -0.01pp | 30q | HELD | |
| SPDR GOLD TR | GLD | $732.3K | 1,988 | -0.02pp | 31q | +4.9%+$34.3K | |
| VANGUARD WHITEHALL FDS | VYM | $705.5K | 4,464 | flat | 18q | +3.1%+$21.3K | |
| WELLS FARGO & CO | WFC | $681.0K | 8,241 | flat | 18q | -2.1%-$14.5K | |
| LOWES COS INC | LOW | $667.5K | 3,028 | -0.01pp | 31q | HELD | |
| ISHARES TR | IJH | $652.2K | 8,458 | +0.01pp | 24q | +9.7%+$57.8K | |
| BROADCOM INC | AVGO | $650.9K | 1,723 | flat | 5q | -4.2%-$28.3K | |
| CUMMINS INC | CMI | $649.6K | 911 | +0.01pp | 11q | HELD | |
| ISHARES TR | SCZ | $643.3K | 7,819 | flat | 15q | -3.0%-$19.6K | |
| CENCORA INC | COR | $638.4K | 2,256 | -0.02pp | 29q | -8.0%-$55.2K | |
| NORFOLK SOUTHN CORP | NSC | $631.7K | 2,008 | flat | 11q | HELD | |
| ABBVIE INC | ABBV | $626.1K | 2,488 | flat | 19q | -7.4%-$50.3K | |
| AMGEN INC | AMGN | $605.1K | 1,671 | +0.03pp | 3q | +116.5%+$325.5K | |
| ETFS GOLD TR | SGOL | $597.8K | 15,636 | -0.02pp | 18q | HELD | |
| VANGUARD WORLD FD | VSGX | $575.0K | 6,983 | flat | 25q | -4.3%-$25.7K | |
| ISHARES TR | EMB | $559.4K | 5,801 | flat | 13q | +1.5%+$8.0K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $559.3K | 1,169 | +0.01pp | 4q | +4.2%+$22.5K | |
| SELECT SECTOR SPDR TR | XLU | $554.9K | 12,238 | -0.01pp | 18q | HELD | |
| PUBLIC SVC ENTERPRISE GROUP | PEG | $549.3K | 6,768 | flat | 11q | HELD | |
| SCHWAB STRATEGIC TR | SCHV | $515.4K | 14,805 | +0.01pp | 6q | +19.8%+$85.3K | |
| VANGUARD WORLD FD | ESGV | $505.2K | 3,820 | flat | 6q | -0.8%-$4.0K | |
| ISHARES SILVER TR | SLV | $495.5K | 9,266 | -0.02pp | 18q | HELD | |
| EMERSON ELEC CO | EMR | $493.9K | 3,450 | flat | 31q | HELD | |
| DIMENSIONAL ETF TRUST | DFAC | $487.7K | 10,995 | flat | 21q | -2.9%-$14.6K | |
| VANGUARD INDEX FDS | VBK | $465.1K | 1,272 | flat | 31q | HELD | |
| VANGUARD INDEX FDS | VXF | $465.1K | 1,889 | flat | 15q | HELD | |
| SPDR INDEX SHS FDS | SPDW | $462.5K | 9,178 | flat | 6q | HELD | |
| VANGUARD INDEX FDS | VB | $460.1K | 1,518 | flat | 4q | +3.6%+$16.1K | |
| SCHWAB STRATEGIC TR | SCHF | $455.1K | 16,431 | flat | 4q | -3.9%-$18.4K | |
| VANGUARD INDEX FDS | VOO | $437.4K | 637 | flat | 10q | +0.6%+$2.7K | |
| GRANITE CONSTR INC | GVA | $435.1K | 2,750 | +0.01pp | 7q | HELD | |
| VANGUARD INDEX FDS | VBR | $428.4K | 1,763 | flat | 31q | HELD | |
| DIMENSIONAL ETF TRUST | DFAI | $424.0K | 10,278 | - | new | NEW | |
| VISA INC | V | $377.1K | 1,099 | flat | 18q | +4.2%+$15.1K | |
| ISHARES INC | ESGE | $370.6K | 6,777 | flat | 6q | -9.2%-$37.7K | |
| PIMCO ETF TR | MINT | $369.2K | 3,662 | -0.01pp | 25q | -14.8%-$63.9K | |
| ROYAL BK CDA | RY | $364.3K | 1,760 | flat | 11q | -3.2%-$12.2K | |
| NETFLIX INC | NFLX | $340.6K | 4,770 | -0.02pp | 7q | -2.1%-$7.1K | |
| ISHARES TR | AGG | $335.8K | 3,393 | flat | 7q | +1.7%+$5.6K | |
| SPDR SERIES TRUST | SPYG | $328.1K | 2,757 | flat | 9q | HELD | |
| GLOBAL X FDS | AIQ | $319.1K | 4,864 | +0.01pp | 4q | HELD | |
| VANGUARD BD INDEX FDS | VUSB | $311.9K | 6,266 | flat | 19q | HELD | |
| ALASKA AIR GROUP INC | ALK | $303.7K | 5,817 | +0.01pp | 18q | +1.9%+$5.6K | |
| DIMENSIONAL ETF TRUST | DUHP | $293.5K | 7,033 | - | new | NEW | |
| ISHARES TR | IHI | $293.0K | 5,930 | flat | 18q | +4.5%+$12.7K | |
| ADVANCED MICRO DEVICES INC | AMD | $289.9K | 499 | - | new | NEW | |
| COCA COLA CO | KO | $287.0K | 3,509 | flat | 6q | +8.9%+$23.6K | |
| ISHARES INC | IEMG | $286.3K | 3,456 | flat | 5q | HELD | |
| CORNING INC | GLW | $283.5K | 1,110 | - | new | NEW | |
| INVESCO EXCH TRADED FD TR II | PXF | $279.5K | 3,695 | flat | 5q | HELD | |
| META PLATFORMS INC | META | $276.0K | 490 | flat | 9q | -1.0%-$2.8K | |
| ISHARES TR | IJT | $267.8K | 1,499 | - | new | NEW | |
| ISHARES INC | EMXC | $262.9K | 2,570 | flat | 2q | +0.5%+$1.3K | |
| BP PLC | BP | $254.9K | 6,898 | -0.01pp | 6q | HELD | |
| VANGUARD SCOTTSDALE FDS | VCIT | $241.0K | 2,916 | flat | 2q | HELD | |
| DIMENSIONAL ETF TRUST | DFUS | $235.2K | 2,871 | - | new | NEW | |
| GLOBAL X FDS | LIT | $233.6K | 2,972 | flat | 2q | HELD | |
| ISHARES TR | IWF | $229.5K | 1,848 | flat | 5q | +220.3%+$157.8K | |
| VANGUARD INTL EQUITY INDEX F | VNQI | $229.1K | 5,108 | flat | 31q | -0.6%-$1.4K | |
| ISHARES TR | EAGG | $228.9K | 4,829 | - | new | NEW | |
| PHILIP MORRIS INTL INC | PM | $224.7K | 1,232 | - | new | NEW | |
| DIMENSIONAL ETF TRUST | DFSI | $218.6K | 4,848 | - | new | NEW | |
| CENTERPOINT ENERGY INC | CNP | $218.5K | 4,962 | flat | 2q | HELD | |
| NIKE INC | NKE | $210.5K | 4,065 | -0.57pp | 28q | -96.2%-$5.3M | |
| ISHARES TR | IWM | $208.2K | 693 | - | new | NEW | |
| PROSHARES TR | TQQQ | $205.8K | 2,541 | - | new | NEW | |
| ELI LILLY & CO | LLY | $201.5K | 168 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Retail & Consumer | $72.6M | 6.8% |
| Industrials | $64.8M | 6.1% |
| Banks & Lending | $36.0M | 3.4% |
| Capital Markets | $35.9M | 3.4% |
| Utilities | $33.6M | 3.2% |
| Biotech & Pharma | $30.4M | 2.9% |
| Software & IT Services | $29.4M | 2.8% |
| Semiconductors & Electronics | $28.3M | 2.7% |
| Computer Hardware | $27.9M | 2.6% |
| Autos & Aerospace | $23.1M | 2.2% |
| Energy | $17.8M | 1.7% |
| Other sectors | $79.5M | 7.5% |
| Not classified | $582.8M | 54.9% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $1.1B | 157 | 14 | 57 | 29 | 3 | 36.5% | 14 |
| Q1 2026 | $971.1M | 146 | 8 | 37 | 67 | 5 | 35.6% | 37 |
| Q4 2025 | $961.3M | 143 | 5 | 52 | 52 | 2 | 37.3% | 43 |
| Q3 2025 | $953.8M | 140 | 5 | 49 | 53 | 3 | 37.3% | 35 |
| Q2 2025 | $898.7M | 138 | 6 | 44 | 31 | 0 | 36.4% | 28 |
| Q1 2025 | $832.4M | 132 | 8 | 38 | 59 | 4 | 34.9% | 38 |
| Q4 2024 | $803.8M | 128 | 9 | 32 | 63 | 8 | 34.1% | 31 |
| Q3 2024 | $792.7M | 127 | 4 | 27 | 69 | 5 | 33.7% | 37 |
| Q2 2024 | $734.9M | 128 | 4 | 26 | 42 | 3 | 32.5% | 30 |
| Q1 2024 | $745.8M | 127 | 8 | 50 | 40 | 11 | 32.2% | 30 |
| Q4 2023 | $700.2M | 130 | 9 | 50 | 40 | 2 | 32.0% | 31 |
| Q3 2023 | $634.9M | 123 | 2 | 43 | 23 | 5 | 33.2% | 25 |
| Q2 2023 | $660.7M | 126 | 2 | 21 | 43 | 4 | 33.0% | 25 |
| Q1 2023 | $644.5M | 128 | 4 | 46 | 50 | 6 | 34.6% | 41 |
| Q4 2022 | $655.1M | 130 | 12 | 21 | 69 | 2 | 34.6% | 26 |
| Q3 2022 | $601.6M | 120 | 0 | 30 | 31 | 8 | 34.8% | 38 |
| Q2 2022 | $635.0M | 128 | 2 | 56 | 29 | 6 | 34.2% | 19 |
| Q1 2022 | $721.4M | 132 | 38 | 77 | 5 | 0 | 35.0% | 40 |
| Q4 2021 | $664.4M | 94 | 5 | 50 | 21 | 4 | 38.2% | 42 |
| Q3 2021 | $633.5M | 93 | 4 | 38 | 29 | 1 | 38.3% | 15 |
| Q2 2021 | $639.6M | 90 | 3 | 21 | 15 | 1 | 38.3% | 41 |
| Q1 2021 | $575.4M | 88 | 2 | 27 | 17 | 5 | 37.6% | 37 |
| Q4 2020 | $545.7M | 91 | 4 | 23 | 17 | 1 | 38.7% | 25 |
| Q3 2020 | $516.2M | 88 | 3 | 27 | 8 | 1 | 39.0% | 15 |
| Q2 2020 | $470.7M | 86 | 12 | 19 | 28 | 3 | 38.9% | 50 |
| Q1 2020 | $413.6M | 77 | 2 | 15 | 19 | 19 | 38.5% | 44 |
| Q4 2019 | $499.8M | 94 | 6 | 5 | 54 | 3 | 36.2% | 43 |
| Q3 2019 | $519.5M | 91 | 4 | 27 | 27 | 7 | 36.4% | 46 |
| Q2 2019 | $520.5M | 94 | 7 | 7 | 31 | 3 | 36.2% | 36 |
| Q1 2019 | $511.4M | 90 | 3 | 33 | 11 | 3 | 35.9% | 37 |
| Q4 2018 | $464.7M | 90 | 0 | 0 | 0 | 0 | 35.6% | 44 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.