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Asset Manager ← All Institutions

CUTLER INVESTMENT COUNSEL LLC

525 BIGHAM KNOLL, JACKSONVILLE, OR 97530 • 541-770-9000

Q2 2025 · Filed 2025-07-28
Market Value
$899M
+8.0%
Holdings
138
+2
New Purchases
6
Added To
56
Closed
0
Reduced
52
Top 10 Concentration
36.4%
Turnover
4.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 3.96% 3.21% +0.74% $36M
JIRE 3.30% 2.96% +0.34% $30M
IUSG 3.23% 2.94% +0.29% $29M
VUG 2.85% 2.58% +0.28% $26M
CAT 2.65% 2.44% +0.22% $24M
IEFA 4.42% 4.24% +0.18% $40M
IJR 2.14% 1.98% +0.16% $19M
SCHW 1.99% 1.85% +0.14% $18M
IVV 0.94% 0.80% +0.14% $8M
VSS 0.83% 0.71% +0.12% $7M
JPM 1.55% 1.44% +0.11% $14M
VO 4.77% 4.66% +0.11% $43M
IBM 1.44% 1.33% +0.11% $13M
SPLG 0.89% 0.78% +0.11% $8M
TXN 1.38% 1.29% +0.09% $12M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BDX 0.84% 1.21% -0.37% $8M
XOM 1.48% 1.77% -0.29% $13M
MCD 1.72% 2.00% -0.28% $15M
CVX 1.02% 1.29% -0.27% $9M
IGSB 4.58% 4.83% -0.25% $41M
PG 1.11% 1.30% -0.19% $10M
MRK 0.83% 1.02% -0.19% $7M
PEP 0.87% 1.06% -0.19% $8M
VZ 1.18% 1.35% -0.17% $11M
HD 1.97% 2.13% -0.15% $18M
JNJ 0.88% 1.03% -0.15% $8M
RSG 2.23% 2.38% -0.15% $20M
GOVT 2.61% 2.76% -0.15% $23M
DD 0.78% 0.92% -0.14% $7M
MDT 1.18% 1.32% -0.14% $11M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 59.2%
Industrials 9.7%
Consumer Defensive 6.5%
Technology 6.3%
Healthcare 5.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 46 $359M 40.0%
Large Cap 74 $466M 51.9%
Mid Cap 15 $55M 6.1%
Small Cap 3 $18M 2.0%

Portfolio Analytics

Avg Market Cap
$387.9B
Median Market Cap
$98.4B
Avg P/E
35.6
Median P/E
27.6
Avg Dividend Yield
0.02%
Avg Beta
0.92
# Stocks
66
# ETFs / Funds
72

Top Holdings (138 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VO 4.77% 152,497 $43M $280.89 $4M +2,665 +1.8%
2 IGSB 4.58% 779,759 $41M $52.76 $970K +12,711 +1.7%
3 IEFA 4.42% 476,131 $40M $83.48 $4M +9,639 +2.1%
4 MSFT 3.96% 71,473 $36M $497.41 $9M +221 +0.3%
5 SPEM 3.73% 783,482 $33M $42.74 $3M +8,485 +1.1%
6 JIRE 3.30% 419,687 $30M $70.77 $5M +32,430 +8.4%
7 IUSG 3.23% 193,251 $29M $150.40 $5M +572 +0.3%
8 SPAB 2.91% 1,021,528 $26M $25.60 $1M +37,573 +3.8%
9 VUG 2.85% 58,433 $26M $438.90 $4M +630 +1.1%
10 CAT 2.65% 61,422 $24M $388.21 $4M -70 -0.1%
11 GOVT 2.61% 1,020,595 $23M $22.98 $512K +22,501 +2.2%
12 WMT 2.49% 228,693 $22M $97.78 $2M -585 -0.3%
13 RSG 2.23% 81,198 $20M $246.61 $248K -470 -0.6%
14 BLK 2.14% 18,345 $19M $1,049.23 $2M -27 -0.1%
15 IJR 2.14% 175,650 $19M $109.29 $3M +18,392 +11.7%
16 SCHW 1.99% 195,822 $18M $91.24 $2M -657 -0.3%
17 HD 1.97% 48,396 $18M $366.64 $25K +49 +0.1%
18 RTX 1.95% 119,716 $17M $146.02 $2M -916 -0.8%
19 DE 1.92% 33,851 $17M $510.11 $1M -108 -0.3%
20 MCD 1.72% 52,965 $15M $292.17 -$1M -321 -0.6%
21 JPM 1.55% 48,062 $14M $289.91 $2M -734 -1.5%
22 XOM 1.48% 123,602 $13M $107.80 -$1M -100 -0.1%
23 KR 1.46% 182,644 $13M $71.73 $595K -2,111 -1.1%
24 IBM 1.44% 44,000 $13M $294.78 $2M -628 -1.4%
25 TXN 1.38% 59,547 $12M $207.62 $2M -199 -0.3%
26 CARR 1.25% 153,169 $11M $73.19 $1M -651 -0.4%
27 RPG 1.24% 244,231 $11M $45.77 $1M -13,368 -5.2%
28 VZ 1.18% 245,385 $11M $43.27 -$650K -3,027 -1.2%
29 MDT 1.18% 120,767 $11M $87.87 -$357K -346 -0.3%
30 PG 1.11% 62,350 $10M $159.32 -$876K -1,077 -1.7%
31 NEE 1.07% 138,922 $10M $69.42 -$225K -299 -0.2%
32 CVX 1.02% 63,757 $9M $143.19 -$2M -233 -0.4%
33 CVS 1.01% 131,487 $9M $68.98 $144K -257 -0.2%
34 PNC 0.96% 46,353 $9M $186.42 $438K -317 -0.7%
35 IVV 0.94% 13,597 $8M $620.89 $2M +1,707 +14.4%
36 EMLC 0.90% 319,389 $8M $25.35 $380K -4,020 -1.2%
37 SPLG 0.89% 109,680 $8M $72.69 $1M +10,991 +11.1%
38 JNJ 0.88% 51,937 $8M $152.75 -$670K +58 +0.1%
39 MTB 0.87% 40,521 $8M $193.99 $587K -173 -0.4%
40 PEP 0.87% 59,423 $8M $132.04 -$978K +571 +1.0%
41 BDX 0.84% 43,826 $8M $172.25 -$3M -225 -0.5%
42 EFAV 0.84% 89,504 $8M $84.06 -$310K -11,030 -11.0%
43 VSS 0.83% 55,495 $7M $134.39 $2M +4,500 +8.8%
44 MRK 0.83% 93,005 $7M $79.95 -$1M -305 -0.3%
45 DD 0.78% 102,438 $7M $68.59 -$654K -409 -0.4%
46 BIV 0.77% 89,780 $7M $77.34 $111K +542 +0.6%
47 NKE 0.77% 96,926 $7M $71.43 $726K -101 -0.1%
48 REET 0.75% 272,096 $7M $24.70 $709K +24,288 +9.8%
49 SPGI 0.69% 11,775 $6M $527.30 $225K -1 -0.0%
50 VTI 0.69% 20,323 $6M $304.85 $730K +436 +2.2%
51 VTV 0.64% 32,579 $6M $177.68 $55K -614 -1.9%
52 VEA 0.58% 91,543 $5M $57.01 $988K +8,305 +10.0%
53 AAPL 0.57% 24,788 $5M $205.17 -$231K +853 +3.6%
54 SCHA 0.51% 182,741 $5M $25.30 $787K +18,991 +11.6%
55 PDN 0.50% 115,253 $4M $38.92 -$68K -20,750 -15.3%
56 SCHD 0.47% 159,895 $4M $26.50 -$254K -725 -0.5%
57 PFE 0.47% 172,749 $4M $24.24 -$228K -1,493 -0.9%
58 CMCSA 0.43% 107,683 $4M $35.69 -$144K -374 -0.3%
59 VWO 0.40% 73,253 $4M $49.46 $500K +4,240 +6.1%
60 NOBL 0.37% 32,491 $3M $101.24 $378K +4,126 +14.6%
61 AMZN 0.33% 13,431 $3M $219.39 $394K +16 +0.1%
62 COST 0.32% 2,893 $3M $990.01 $421K +310 +12.0%
63 AVO 0.28% 212,750 $2M $11.72 $264K
64 BRK-B 0.27% 5,050 $2M $485.77 $3K +450 +9.8%
65 VT 0.25% 17,243 $2M $128.52 $252K +304 +1.8%
66 FNDC 0.25% 52,591 $2M $42.05 $461K +4,224 +8.7%
67 VNQ 0.23% 23,054 $2M $89.06 -$111K -852 -3.6%
68 BND 0.22% 27,281 $2M $73.63 $70K +888 +3.4%
69 VCSH 0.21% 23,237 $2M $79.50 $42K +371 +1.6%
70 FNDA 0.20% 62,489 $2M $28.65 $151K +2,651 +4.4%
71 FNDF 0.20% 44,330 $2M $40.02 $323K +4,186 +10.4%
72 SCHX 0.20% 72,009 $2M $24.44 $588K +18,948 +35.7%
73 VIG 0.19% 8,341 $2M $205.53 $100K +17 +0.2%
74 SCHZ 0.18% 70,204 $2M $23.24 $6K +3
75 BRK-A 0.16% 2 $1M $728,800.00 -$139K
76 SPY 0.15% 2,124 $1M $619.49 $147K +41 +2.0%
77 GOOG 0.14% 7,225 $1M $177.39 $134K -123 -1.7%
78 MINT 0.12% 10,633 $1M $100.54 -$9K -85 -0.8%
79 NVDA 0.11% 6,169 $975K $158.00 $399K +857 +16.1%
80 VGT 0.11% 1,463 $971K $663.38 $112K -121 -7.6%
81 FNDE 0.11% 29,227 $965K $33.01 $61K -108 -0.4%
82 SBUX 0.11% 10,471 $959K $91.63 -$68K
83 VTEB 0.10% 17,944 $880K $49.03 -$57K -930 -4.9%
84 QQQ 0.09% 1,500 $828K $551.98 $118K -13 -0.9%
85 BNDX 0.09% 16,715 $828K $49.51 $158K +3,010 +22.0%
86 GLD 0.08% 2,435 $742K $304.83 $64K +80 +3.4%
87 VUSB 0.08% 14,770 $737K $49.87 $50K +1,004 +7.3%
88 ABC 0.08% 2,450 $735K $299.85 $53K
89 TSLA 0.08% 2,220 $705K $317.66 $205K +288 +14.9%
90 SCZ 0.08% 9,357 $680K $72.68 $86K
91 LOW 0.07% 3,024 $671K $221.83 -$34K
92 WFC 0.07% 8,169 $655K $80.12 $68K
93 GOOGL 0.07% 3,671 $647K $176.21 $79K +1 +0.0%
94 ABBV 0.07% 3,324 $617K $185.62 -$79K
95 NFLX 0.07% 455 $609K $1,339.13 $185K
96 VYM 0.06% 4,310 $575K $133.31 $19K
97 PEG 0.06% 6,768 $570K $84.18 $13K
98 EMB 0.06% 6,055 $561K $92.62 $13K +3 +0.1%
99 IJH 0.06% 8,458 $525K $62.02 $53K +368 +4.5%
100 XLU 0.06% 6,319 $516K $81.66 $18K

Options Breakdown

1 Calls $0 Call Value 0 Puts $0 Put Value

Top Calls

SymbolSharesValueStatus
COST $0 SOLD

New Positions

SymbolValue% Port
AVGO $299K 0.03%
MP $287K 0.03%
ORCL $235K 0.03%
PXF $212K 0.02%
IEMG $207K 0.02%
IWF $207K 0.02%
View SEC EDGAR Filings for CUTLER INVESTMENT COUNSEL LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms