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Asset Manager ← All Institutions

CUTLER INVESTMENT COUNSEL LLC

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

Q3 2025 · Filed 2025-11-04
Market Value
$954M
+6.1%
Holdings
143
+5
New Purchases
5
Added To
55
Closed
3
Reduced
63
Top 10 Concentration
37.3%
Turnover
5.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CAT 3.05% 2.65% +0.39% $29M
LEN 0.35% 0.00% +0.35% $3M
IJR 2.41% 2.14% +0.27% $23M
SPEM 3.94% 3.73% +0.22% $38M
SPLG 1.08% 0.89% +0.19% $10M
IUSG 3.40% 3.23% +0.17% $32M
RTX 2.09% 1.95% +0.15% $20M
VUG 2.99% 2.85% +0.14% $29M
CVX 1.15% 1.02% +0.13% $11M
JIRE 3.43% 3.30% +0.12% $33M
JNJ 1.00% 0.88% +0.12% $10M
VO 4.87% 4.77% +0.11% $46M
AAPL 0.65% 0.57% +0.09% $6M
BLK 2.23% 2.14% +0.08% $21M
HD 2.06% 1.97% +0.08% $20M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CMCSA 0.00% 0.43% -0.43% $0
DE 1.62% 1.92% -0.30% $15M
CARR 0.95% 1.25% -0.30% $9M
RSG 1.94% 2.23% -0.29% $19M
TXN 1.14% 1.38% -0.24% $11M
MSFT 3.77% 3.96% -0.19% $36M
KR 1.28% 1.46% -0.18% $12M
IBM 1.29% 1.44% -0.15% $12M
PG 1.00% 1.11% -0.11% $9M
SPGI 0.60% 0.69% -0.09% $6M
MINT 0.03% 0.12% -0.09% $285K
SCHZ 0.10% 0.18% -0.09% $913K
RPG 1.16% 1.24% -0.08% $11M
NKE 0.70% 0.77% -0.07% $7M
IGSB 4.51% 4.58% -0.06% $43M

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 47 $386M 40.5%
Large Cap 77 $492M 51.6%
Mid Cap 16 $58M 6.1%
Small Cap 3 $18M 1.9%

Portfolio Analytics

Avg Market Cap
$390.9B
Median Market Cap
$95.8B
Avg P/E
35.2
Median P/E
27.6
Avg Dividend Yield
0.02%
Avg Beta
0.94
# Stocks
68
# ETFs / Funds
75

Top Holdings (143 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VO 4.87% 157,726 $46M $294.76 $4M +5,229 +3.4%
2 IGSB 4.51% 812,018 $43M $53.03 $2M +32,259 +4.1%
3 IEFA 4.48% 489,758 $43M $87.31 $3M +13,627 +2.9%
4 SPEM 3.94% 803,495 $38M $46.81 $4M +20,013 +2.5%
5 MSFT 3.77% 69,333 $36M $517.95 $360K -2,140 -3.0%
6 JIRE 3.43% 444,745 $33M $73.54 $3M +25,058 +6.0%
7 IUSG 3.40% 197,105 $32M $164.54 $3M +3,854 +2.0%
8 CAT 3.05% 60,916 $29M $477.15 $5M -506 -0.8%
9 VUG 2.99% 59,424 $29M $480.11 $3M +991 +1.7%
10 SPAB 2.89% 1,065,835 $28M $25.85 $1M +44,307 +4.3%
11 GOVT 2.56% 1,054,891 $24M $23.12 $936K +34,296 +3.4%
12 WMT 2.46% 227,561 $23M $103.06 $1M -1,132 -0.5%
13 IJR 2.41% 193,104 $23M $118.83 $4M +17,454 +9.9%
14 BLK 2.23% 18,211 $21M $1,165.85 $2M -134 -0.7%
15 RTX 2.09% 119,184 $20M $167.33 $2M -532 -0.4%
16 HD 2.06% 48,389 $20M $405.19 $2M -7 -0.0%
17 SCHW 1.95% 195,145 $19M $95.47 $764K -677 -0.3%
18 RSG 1.94% 80,711 $19M $229.48 -$2M -487 -0.6%
19 MCD 1.67% 52,311 $16M $303.89 $422K -654 -1.2%
20 DE 1.62% 33,621 $15M $458.88 -$2M -230 -0.7%
21 JPM 1.58% 47,860 $15M $315.43 $1M -202 -0.4%
22 XOM 1.45% 123,003 $14M $112.75 $544K -599 -0.5%
23 IBM 1.29% 43,709 $12M $282.16 -$637K -291 -0.7%
24 KR 1.28% 181,495 $12M $67.41 -$866K -1,149 -0.6%
25 MDT 1.21% 120,113 $12M $95.95 $913K -654 -0.5%
26 RPG 1.16% 231,765 $11M $47.72 -$119K -12,466 -5.1%
27 CVX 1.15% 70,525 $11M $155.29 $2M +6,768 +10.6%
28 TXN 1.14% 59,012 $11M $183.73 -$2M -535 -0.9%
29 VZ 1.12% 242,891 $11M $43.95 $57K -2,494 -1.0%
30 NEE 1.09% 138,127 $10M $75.49 $783K -795 -0.6%
31 SPLG 1.08% 131,302 $10M $78.34 $2M +21,622 +19.7%
32 CVS 1.03% 130,856 $10M $75.39 $795K -631 -0.5%
33 JNJ 1.00% 51,378 $10M $185.42 $2M -559 -1.1%
34 PG 1.00% 61,797 $9M $153.65 -$438K -553 -0.9%
35 PNC 0.97% 45,984 $9M $200.93 $598K -369 -0.8%
36 CARR 0.95% 151,946 $9M $59.70 -$2M -1,223 -0.8%
37 IVV 0.93% 13,213 $9M $669.30 $401K -384 -2.8%
38 VSS 0.88% 58,685 $8M $142.55 $908K +3,190 +5.8%
39 EMLC 0.88% 327,602 $8M $25.51 $261K +8,213 +2.6%
40 PEP 0.87% 58,871 $8M $140.44 $422K -552 -0.9%
41 BDX 0.85% 43,287 $8M $187.17 $553K -539 -1.2%
42 MTB 0.83% 40,115 $8M $197.62 $67K -406 -1.0%
43 DD 0.83% 101,285 $8M $77.90 $864K -1,153 -1.1%
44 MRK 0.82% 92,001 $8M $84.72 $358K -1,004 -1.1%
45 REET 0.80% 297,254 $8M $25.56 $877K +25,158 +9.2%
46 EFAV 0.78% 87,255 $7M $84.83 -$122K -2,249 -2.5%
47 BIV 0.74% 90,288 $7M $78.09 $107K +508 +0.6%
48 NKE 0.70% 95,475 $7M $70.13 -$228K -1,451 -1.5%
49 VTI 0.69% 20,087 $7M $329.08 $415K -236 -1.2%
50 AAPL 0.65% 24,403 $6M $254.63 $1M -385 -1.6%
51 VTV 0.64% 32,648 $6M $187.41 $330K +69 +0.2%
52 SPGI 0.60% 11,772 $6M $486.72 -$479K -3 -0.0%
53 VEA 0.59% 93,982 $6M $59.92 $413K +2,439 +2.7%
54 SCHA 0.53% 181,732 $5M $27.90 $447K -1,009 -0.6%
55 PDN 0.48% 111,615 $5M $41.11 $103K -3,638 -3.2%
56 SCHD 0.46% 160,987 $4M $27.30 $158K +1,092 +0.7%
57 PFE 0.45% 169,404 $4M $25.48 $129K -3,345 -1.9%
58 VWO 0.41% 71,842 $4M $54.18 $269K -1,411 -1.9%
59 LEN 0.35% 26,662 $3M $126.04 +26,662 NEW
60 NOBL 0.35% 32,215 $3M $103.07 $31K -276 -0.8%
61 AMZN 0.30% 13,023 $3M $219.57 -$87K -408 -3.0%
62 BRK-B 0.28% 5,377 $3M $502.74 $250K +327 +6.5%
63 COST 0.28% 2,873 $3M $925.51 -$205K -20 -0.7%
64 AVO 0.27% 212,750 $3M $12.02 $64K
65 VT 0.27% 18,406 $3M $137.80 $320K +1,163 +6.7%
66 FNDC 0.24% 52,360 $2M $44.51 $119K -231 -0.4%
67 BND 0.24% 30,540 $2M $74.37 $263K +3,259 +11.9%
68 VNQ 0.24% 24,586 $2M $91.42 $194K +1,532 +6.7%
69 FNDA 0.22% 68,495 $2M $31.16 $344K +6,006 +9.6%
70 FNDF 0.20% 44,450 $2M $42.96 $135K +120 +0.3%
71 SCHX 0.20% 72,007 $2M $26.34 $137K -2
72 VCSH 0.19% 22,912 $2M $79.93 -$16K -325 -1.4%
73 VIG 0.19% 8,436 $2M $216.63 $113K +95 +1.1%
74 GOOG 0.19% 7,275 $2M $243.55 $490K +50 +0.7%
75 SPY 0.17% 2,367 $2M $667.95 $265K +243 +11.4%
76 BRK-A 0.16% 2 $2M $754,200.00 $51K
77 NVDA 0.13% 6,817 $1M $186.59 $297K +648 +10.5%
78 TSLA 0.12% 2,612 $1M $444.72 $456K +392 +17.7%
79 VTEB 0.12% 22,944 $1M $50.07 $269K +5,000 +27.9%
80 FNDE 0.11% 29,075 $1M $36.16 $87K -152 -0.5%
81 BNDX 0.11% 20,814 $1M $49.46 $202K +4,099 +24.5%
82 VGT 0.11% 1,374 $1M $746.46 $55K -89 -6.1%
83 GLD 0.10% 2,666 $948K $355.47 $205K +231 +9.5%
84 QQQ 0.10% 1,533 $921K $600.96 $93K +33 +2.2%
85 SCHZ 0.10% 38,889 $913K $23.47 -$719K -31,315 -44.6%
86 SBUX 0.09% 10,020 $848K $84.60 -$112K -451 -4.3%
87 GOOGL 0.09% 3,476 $845K $243.10 $198K -195 -5.3%
88 ABBV 0.09% 3,531 $818K $231.54 $201K +207 +6.2%
89 ABC 0.08% 2,451 $766K $312.53 $31K +1 +0.0%
90 LOW 0.08% 3,028 $761K $251.27 $90K +4 +0.1%
91 WFC 0.07% 8,359 $701K $83.82 $46K +190 +2.3%
92 SCZ 0.07% 8,692 $667K $76.72 -$13K -665 -7.1%
93 SGOL 0.06% 16,586 $611K $36.81 $137K +1,586 +10.6%
94 VYM 0.06% 4,310 $607K $140.95 $33K
95 NSC 0.06% 2,008 $603K $300.41 $89K
96 EMB 0.06% 6,055 $576K $95.19 $16K
97 PEG 0.06% 6,768 $565K $83.46 -$5K
98 XLU 0.06% 6,119 $534K $87.21 $18K -200 -3.2%
99 SLV 0.05% 12,286 $521K $42.37 $163K +1,380 +12.7%
100 IJH 0.05% 7,708 $503K $65.26 -$22K -750 -8.9%

New Positions

SymbolValue% Port
LEN $3M 0.35%
SCHF $399K 0.04%
VB $374K 0.04%
TSM $318K 0.03%
AIQ $259K 0.03%

Sold Out Positions

SymbolValue% Port
MP —%
IAGG —%
CMCSA —%
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