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Asset Manager ← All Institutions

CUTLER INVESTMENT COUNSEL LLC

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

Q4 2025 · Filed 2026-02-12
Market Value
$961M
+0.8%
Holdings
144
+1
New Purchases
4
Added To
59
Closed
2
Reduced
57
Top 10 Concentration
37.3%
Turnover
4.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
Q 0.41% 0.00% +0.41% $4M
CVS 1.25% 1.03% +0.22% $12M
JIRE 3.62% 3.43% +0.20% $35M
MRK 0.98% 0.82% +0.16% $9M
IEFA 4.64% 4.48% +0.16% $45M
IJR 2.54% 2.41% +0.13% $24M
RTX 2.22% 2.09% +0.13% $21M
BND 0.35% 0.24% +0.12% $3M
IGSB 4.62% 4.51% +0.11% $44M
WMT 2.57% 2.46% +0.11% $25M
LEN 0.45% 0.35% +0.10% $4M
NKE 0.80% 0.70% +0.10% $8M
FNDX 0.10% 0.00% +0.10% $949K
GOVT 2.64% 2.56% +0.09% $25M
JNJ 1.08% 1.00% +0.08% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DD 0.38% 0.83% -0.45% $4M
HD 1.68% 2.06% -0.38% $16M
MSFT 3.44% 3.77% -0.33% $33M
BLK 1.99% 2.23% -0.24% $19M
CAT 2.81% 3.05% -0.24% $27M
RSG 1.74% 1.94% -0.20% $17M
SPGI 0.41% 0.60% -0.19% $4M
CARR 0.82% 0.95% -0.13% $8M
KR 1.15% 1.28% -0.13% $11M
VZ 1.00% 1.12% -0.12% $10M
TXN 1.03% 1.14% -0.11% $10M
PG 0.90% 1.00% -0.10% $9M
RPG 1.06% 1.16% -0.10% $10M
CVX 1.07% 1.15% -0.07% $10M
JPM 1.54% 1.58% -0.04% $15M

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 $384M 40.0%
Large Cap 77 $500M 52.0%
Mid Cap 16 $60M 6.2%
Small Cap 4 $17M 1.8%

Portfolio Analytics

Avg Market Cap
$389.1B
Median Market Cap
$98.4B
Avg P/E
35.6
Median P/E
27.6
Avg Dividend Yield
0.02%
Avg Beta
0.94
# Stocks
69
# ETFs / Funds
75

Top Holdings (144 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VO 4.88% 161,555 $47M $290.22 $395K +3,829 +2.4%
2 IEFA 4.64% 498,407 $45M $89.46 $2M +8,649 +1.8%
3 IGSB 4.62% 840,439 $44M $52.88 $1M +28,421 +3.5%
4 SPEM 3.98% 816,599 $38M $46.81 $613K +13,104 +1.6%
5 JIRE 3.62% 465,225 $35M $74.88 $2M +20,480 +4.6%
6 MSFT 3.44% 68,345 $33M $483.62 -$3M -988 -1.4%
7 IUSG 3.37% 192,634 $32M $167.94 -$81K -4,471 -2.3%
8 VUG 3.02% 59,533 $29M $487.86 $514K +109 +0.2%
9 SPAB 2.96% 1,103,313 $28M $25.75 $858K +37,478 +3.5%
10 CAT 2.81% 47,154 $27M $572.87 -$2M -13,762 -22.6%
11 GOVT 2.64% 1,102,938 $25M $23.03 $1M +48,047 +4.5%
12 WMT 2.57% 221,338 $25M $111.41 $1M -6,223 -2.7%
13 IJR 2.54% 202,824 $24M $120.18 $1M +9,720 +5.0%
14 RTX 2.22% 116,338 $21M $183.40 $1M -2,846 -2.4%
15 BLK 1.99% 17,861 $19M $1,070.33 -$2M -350 -1.9%
16 SCHW 1.95% 188,026 $19M $99.91 $155K -7,119 -3.6%
17 RSG 1.74% 78,836 $17M $211.93 -$2M -1,875 -2.3%
18 HD 1.68% 46,810 $16M $344.10 -$3M -1,579 -3.3%
19 MCD 1.62% 51,082 $16M $305.63 -$285K -1,229 -2.4%
20 DE 1.59% 32,791 $15M $467.19 -$108K -830 -2.5%
21 JPM 1.54% 45,906 $15M $322.22 -$305K -1,954 -4.1%
22 XOM 1.50% 119,536 $14M $120.34 $516K -3,467 -2.8%
23 IBM 1.31% 42,646 $13M $296.21 $299K -1,063 -2.4%
24 CVS 1.25% 151,681 $12M $79.36 $2M +20,825 +15.9%
25 MDT 1.18% 117,479 $11M $96.75 -$158K -2,634 -2.2%
26 KR 1.15% 177,485 $11M $62.48 -$1M -4,010 -2.2%
27 SPLG 1.15% 137,541 $11M $80.22 $747K +6,239 +4.8%
28 NEE 1.13% 135,352 $11M $80.28 $439K -2,775 -2.0%
29 JNJ 1.08% 50,177 $10M $206.95 $858K -1,201 -2.3%
30 CVX 1.07% 67,738 $10M $152.41 -$628K -2,787 -4.0%
31 RPG 1.06% 218,806 $10M $46.68 -$847K -12,959 -5.6%
32 TXN 1.03% 57,011 $10M $173.49 -$951K -2,001 -3.4%
33 VZ 1.00% 236,481 $10M $40.73 -$1M -6,410 -2.6%
34 MRK 0.98% 88,580 $9M $106.11 $2M -3,421 -3.7%
35 PNC 0.97% 44,546 $9M $208.73 $58K -1,438 -3.1%
36 IVV 0.96% 13,532 $9M $684.96 $425K +319 +2.4%
37 VSS 0.92% 61,864 $9M $143.33 $501K +3,179 +5.4%
38 EMLC 0.90% 336,869 $9M $25.82 $341K +9,267 +2.8%
39 PG 0.90% 60,146 $9M $143.31 -$876K -1,651 -2.7%
40 PEP 0.87% 57,369 $8M $144.94 $47K -1,502 -2.5%
41 REET 0.84% 323,641 $8M $24.95 $477K +26,387 +8.9%
42 BDX 0.84% 41,450 $8M $194.07 -$58K -1,837 -4.2%
43 MTB 0.82% 39,223 $8M $201.48 -$25K -892 -2.2%
44 CARR 0.82% 148,583 $8M $52.84 -$1M -3,363 -2.2%
45 NKE 0.80% 120,391 $8M $64.09 $1M +24,916 +26.1%
46 EFAV 0.77% 85,432 $7M $86.25 -$33K -1,823 -2.1%
47 BIV 0.74% 91,302 $7M $77.88 $60K +1,014 +1.1%
48 AAPL 0.71% 25,201 $7M $271.86 $638K +798 +3.3%
49 VTI 0.69% 19,724 $7M $335.27 $3K -363 -1.8%
50 VTV 0.65% 32,640 $6M $190.99 $115K -8 -0.0%
51 VEA 0.61% 94,024 $6M $62.47 $242K +42 +0.0%
52 SCHA 0.54% 182,517 $5M $28.48 $128K +785 +0.4%
53 PDN 0.46% 104,096 $4M $42.19 -$197K -7,519 -6.7%
54 LEN 0.45% 42,464 $4M $102.80 $1M +15,802 +59.3%
55 SCHD 0.45% 159,122 $4M $27.43 -$30K -1,865 -1.2%
56 PFE 0.43% 165,269 $4M $24.90 -$201K -4,135 -2.4%
57 SPGI 0.41% 7,590 $4M $522.59 -$2M -4,182 -35.5%
58 Q 0.41% 48,546 $4M $81.65 +48,546 NEW
59 VWO 0.41% 72,606 $4M $53.76 $11K +764 +1.1%
60 DD 0.38% 89,789 $4M $40.20 -$4M -11,496 -11.3%
61 BND 0.35% 45,954 $3M $74.07 $1M +15,414 +50.5%
62 NOBL 0.35% 32,226 $3M $104.07 $33K +11 +0.0%
63 AMZN 0.32% 13,169 $3M $230.82 $180K +146 +1.1%
64 BRK-B 0.29% 5,553 $3M $502.65 $88K +176 +3.3%
65 VT 0.28% 19,266 $3M $141.06 $181K +860 +4.7%
66 COST 0.26% 2,931 $3M $862.36 -$131K +58 +2.0%
67 AVO 0.26% 211,750 $2M $11.60 -$101K -1,000 -0.5%
68 FNDC 0.25% 54,729 $2M $44.55 $108K +2,369 +4.5%
69 GOOG 0.24% 7,475 $2M $313.80 $574K +200 +2.8%
70 FNDA 0.23% 71,662 $2M $31.51 $124K +3,167 +4.6%
71 VNQ 0.23% 24,817 $2M $88.49 -$52K +231 +0.9%
72 FNDF 0.22% 47,642 $2M $45.21 $244K +3,192 +7.2%
73 SCHX 0.20% 72,018 $2M $26.91 $41K +11 +0.0%
74 VIG 0.19% 8,506 $2M $219.77 $42K +70 +0.8%
75 VCSH 0.19% 23,281 $2M $79.73 $25K +369 +1.6%
76 SPY 0.18% 2,480 $2M $683.84 $115K +113 +4.8%
77 NVDA 0.16% 8,470 $2M $186.49 $308K +1,653 +24.2%
78 BRK-A 0.16% 2 $2M $754,800.00 $1K
79 BNDX 0.14% 28,109 $1M $48.32 $329K +7,295 +35.0%
80 TSLA 0.14% 2,901 $1M $449.72 $143K +289 +11.1%
81 VTEB 0.12% 22,944 $1M $50.29 $5K
82 QQQ 0.12% 1,824 $1M $614.36 $199K +291 +19.0%
83 FNDE 0.12% 30,729 $1M $36.06 $57K +1,654 +5.7%
84 GOOGL 0.11% 3,476 $1M $313.04 $243K
85 VGT 0.11% 1,415 $1M $753.81 $41K +41 +3.0%
86 GLD 0.10% 2,511 $995K $396.31 $47K -155 -5.8%
87 FNDX 0.10% 34,886 $949K $27.21 +34,886 NEW
88 SCHZ 0.09% 38,894 $909K $23.37 -$4K +5 +0.0%
89 ABC 0.09% 2,451 $828K $337.75 $62K
90 SLV 0.08% 12,286 $791K $64.42 $271K
91 WFC 0.08% 8,359 $779K $93.20 $78K
92 LOW 0.08% 3,028 $730K $241.12 -$31K
93 ABBV 0.08% 3,179 $726K $228.49 -$91K -352 -10.0%
94 SBUX 0.07% 8,214 $692K $84.21 -$156K -1,806 -18.0%
95 SGOL 0.07% 16,586 $681K $41.08 $71K
96 SCZ 0.07% 8,407 $652K $77.53 -$15K -285 -3.3%
97 VYM 0.06% 4,310 $619K $143.52 $11K
98 NSC 0.06% 2,008 $580K $288.72 -$23K
99 EMB 0.06% 5,819 $560K $96.28 -$16K -236 -3.9%
100 PEG 0.06% 6,768 $543K $80.30 -$21K

Options Breakdown

0 Calls $0 Call Value 1 Puts $123K Put Value

Top Puts

SymbolSharesValueStatus
QQQ 200 $123K NEW

New Positions

SymbolValue% Port
Q $4M 0.41%
FNDX $949K 0.10%
AMGN $221K 0.02%
IDR $202K 0.02%

Sold Out Positions

SymbolValue% Port
PM —%
ORCL —%
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