CUTLER INVESTMENT COUNSEL LLC

CIK

1285973

Location

Jacksonville, OR

Portfolio Value

Small $488,979,321

Diversification

Diversified

Filing Date

Global Rank

#2,817 / 8,517 ▼ 99

Top Industry

Farm & Heavy Construction Machinery 11.0%

3Y Alpha vs SPY

-2.6%

Period ended 46 days ago

Filed Jul 14, 2026 · 32d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+65.3%

SPY

+75.3%

Annualised alpha

-2.3%

Max drawdown

−14.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

74 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

6.7%

+1.3 pts

Top 5

25.6%

+1.1 pts

Top 10

42.7%

+1.0 pts

HHI

311

Diversified+26

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	21.5%	$104,977,509	10
Technology	16.6%	$81,087,010	11
Financial Services	15.6%	$76,445,601	10
Healthcare	12.6%	$61,571,618	11
Consumer Defensive	11.5%	$56,409,522	8
Consumer Cyclical	8.3%	$40,799,067	8
Energy	7.0%	$34,168,056	4
Utilities	3.5%	$17,039,935	3
Communication Services	2.4%	$11,919,061	4
Unclassified	0.9%	$4,561,942	5

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CSCO	Cisco Systems, Inc.	+70,192	76,816	$9,022,807
NEE	Nextera Energy Inc	+51,040	185,395	$16,272,119
IBRX	ImmunityBio, Inc.	+11,698	111,698	$977,915
SBUX	Starbucks Corp	+7,779	15,952	$1,630,134
AMGN	Amgen Inc	+899	1,671	$605,102
SCHW	Schwab Charles Corp	+498	186,829	$17,238,711
XOM	ExxonMobil Holdings Corp	+441	119,449	$16,331,067
CVS	CVS HEALTH Corp	+387	149,901	$15,507,258
BRK-B	Berkshire Hathaway Inc	+350	6,021	$3,012,848
KO	Coca Cola Co	+288	3,509	$285,176
RTX	RTX Corp	+258	115,223	$21,861,259
JNJ	Johnson & Johnson	+223	50,046	$12,710,182
CVX	Chevron Corp	+202	66,008	$10,941,486
PEP	Pepsico Inc	+201	56,765	$7,685,981
TXN	Texas Instruments Inc	+193	56,533	$16,850,791
VZ	Verizon Communications Inc	+181	233,690	$9,894,434
MRK	Merck & Co., Inc.	+134	87,765	$11,277,802
ALK	Alaska Air Group, Inc.	+108	5,817	$303,647
GLD	Spdr Gold Trust	+93	1,988	$732,339
MCD	Mcdonalds Corp	+65	50,409	$13,626,056
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+47	1,169	$558,279
V	Visa Inc.	+44	1,099	$377,055
Q	Qnity Electronics, Inc.	+40	47,876	$7,818,629
BLK	BlackRock, Inc.	+31	17,531	$16,857,108
BP	Bp PLC	+10	6,898	$254,881
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NKE	NIKE, Inc.	−103,233	4,065	$166,868
GOOGL	Alphabet Inc.	−7,926	3,940	$1,408,037
CAT	Caterpillar Inc	−6,898	30,925	$32,932,032
SPY	Spdr S&P 500 ETF Trust	−448	1,839	$1,373,310
WMT	Walmart Inc.	−425	217,092	$24,587,839
PG	PROCTER & GAMBLE Co	−359	59,169	$8,676,542
LEN	Lennar Corp /New/	−338	41,401	$3,746,376
MDT	Medtronic plc	−323	114,555	$8,961,637
JPM	Jpmorgan Chase & Co	−301	45,620	$14,932,794
MSFT	Microsoft Corp	−296	67,261	$25,089,698
NVDA	Nvidia Corp	−211	8,158	$1,632,334
ABBV	AbbVie Inc.	−200	2,488	$626,080
COR	Cencora, Inc.	−195	2,256	$638,402
HD	Home Depot, Inc.	−182	46,023	$16,231,391
WFC	Wells Fargo & Company/Mn	−176	8,241	$681,036
KR	Kroger Co	−171	174,825	$9,708,032
AAPL	Apple Inc.	−159	24,075	$6,966,342
CARR	CARRIER GLOBAL Corp	−118	145,301	$10,657,828
NFLX	Netflix Inc	−100	4,770	$340,578
AVGO	Broadcom Inc.	−75	1,723	$650,863
RY	Royal Bank Of Canada	−59	1,760	$364,267
PNC	Pnc Financial Services Group, Inc.	−52	44,011	$10,836,388
DE	Deere & Co	−38	32,312	$20,496,470
COST	Costco Wholesale Corp /New	−17	2,936	$2,746,539
RSG	Republic Services, Inc.	−15	77,512	$16,516,256
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
AMD	Advanced Micro Devices Inc	499	$289,874
GLW	Corning Inc /Ny	1,110	$283,527
PM	Philip Morris International Inc.	1,232	$222,881
LLY	ELI LILLY & Co	168	$201,504
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
BIV	Vanguard Intermediate-Term Bond ETF	91,218	$7,040,205
VEA	Vanguard FTSE Developed Markets ETF	96,431	$6,179,298
DD	DuPont de Nemours, Inc.	88,565	$4,056,276
FNDA	Schwab Fundamental U.S. Small Company ETF	75,004	$2,432,379
BNDX	Vanguard Total International Bond ETF	40,096	$1,926,612
VIG	Vanguard Dividend Appreciation ETF	8,405	$1,807,579
WAT	Waters Corp /De/	2,073	$617,339
VXF	Vanguard Extended Market ETF	1,889	$388,756
VB	Vanguard Morningstar Small-Cap ETF	1,465	$383,712
COP	Conocophillips	1,743	$230,076
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

74 tracked positions · $488,979,321 total · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 74 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CAT	Caterpillar Inc Industrials	Reduced	30,925	-6,898	$32,932,032	+22.9%	6.73%
MSFT	Microsoft Corp Technology	Reduced	67,261	-296	$25,089,698	+0.3%	5.13%
WMT	Walmart Inc. Consumer Defensive	Reduced	217,092	-425	$24,587,839	−9.0%	5.03%
RTX	RTX Corp Industrials	Added	115,223	+258	$21,861,259	−1.4%	4.47%
DE	Deere & Co Industrials	Reduced	32,312	-38	$20,496,470	+12.5%	4.19%
SCHW	Schwab Charles Corp Financial Services	Added	186,829	+498	$17,238,711	−1.6%	3.53%
BLK	BlackRock, Inc. Financial Services	Added	17,531	+31	$16,857,108	+0.2%	3.45%
TXN	Texas Instruments Inc Technology	Added	56,533	+193	$16,850,791	+54.1%	3.45%
RSG	Republic Services, Inc. Industrials	Reduced	77,512	-15	$16,516,256	−2.7%	3.38%
XOM	ExxonMobil Holdings Corp Energy	Added	119,449	+441	$16,331,067	−19.1%	3.34%
NEE	Nextera Energy Inc Utilities	Added	185,395	+51,040	$16,272,119	+30.4%	3.33%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	46,023	-182	$16,231,391	+6.8%	3.32%
CVS	CVS HEALTH Corp Healthcare	Added	149,901	+387	$15,507,258	+44.4%	3.17%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	45,620	-301	$14,932,794	+10.5%	3.05%
MCD	Mcdonalds Corp Consumer Cyclical	Added	50,409	+65	$13,626,056	−12.9%	2.79%
JNJ	Johnson & Johnson Healthcare	Added	50,046	+223	$12,710,182	+4.4%	2.60%
IBM	International Business Machines Corp Technology	Added	42,402	+5	$11,923,866	+16.0%	2.44%
MRK	Merck & Co., Inc. Healthcare	Added	87,765	+134	$11,277,802	+7.0%	2.31%
CVX	Chevron Corp Energy	Added	66,008	+202	$10,941,486	−19.6%	2.24%
PNC	Pnc Financial Services Group, Inc. Financial Services	Reduced	44,011	-52	$10,836,388	+18.2%	2.22%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	145,301	-118	$10,657,828	+30.2%	2.18%
VZ	Verizon Communications Inc Communication Services	Added	233,690	+181	$9,894,434	−15.6%	2.02%
KR	Kroger Co Consumer Defensive	Reduced	174,825	-171	$9,708,032	−23.3%	1.99%
MTB	M&T Bank Corp Financial Services	Reduced	38,742	-11	$9,220,983	+15.1%	1.89%
CSCO	Cisco Systems, Inc. Technology	Added	76,816	+70,192	$9,022,807	+1655.6%	1.85%
MDT	Medtronic plc Healthcare	Reduced	114,555	-323	$8,961,637	−10.0%	1.83%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	59,169	-359	$8,676,542	+0.9%	1.77%
Q	Qnity Electronics, Inc. Technology	Added	47,876	+40	$7,818,629	+41.7%	1.60%
PEP	Pepsico Inc Consumer Defensive	Added	56,765	+201	$7,685,981	−12.5%	1.57%
AAPL	Apple Inc. Technology	Reduced	24,075	-159	$6,966,342	+13.3%	1.42%
PSX	Phillips 66 Energy	Reduced	39,282	-3	$6,640,622	−7.2%	1.36%
BDX	Becton Dickinson & Co Healthcare	Reduced	40,561	-7	$6,138,096	−3.8%	1.26%
PFE	Pfizer Inc Healthcare	Reduced	163,108	-9	$3,927,640	−14.2%	0.80%
LEN	Lennar Corp /New/ Consumer Cyclical	Reduced	41,401	-338	$3,746,376	+3.4%	0.77%
AMZN	Amazon Com Inc Consumer Cyclical	Added	14,464	+1	$3,447,349	+14.4%	0.71%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	6,021	+350	$3,012,848	−27.5%	0.62%
SPGI	S&P Global Inc. Financial Services	Held	7,590	0	$2,924,411	−9.4%	0.60%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	2,936	-17	$2,746,539	−6.7%	0.56%
AVO	Mission Produce, Inc. Consumer Defensive	Held	211,750	0	$2,496,532	−14.3%	0.51%
NVDA	Nvidia Corp Technology	Reduced	8,158	-211	$1,632,334	+11.8%	0.33%
SBUX	Starbucks Corp Consumer Cyclical	Added	15,952	+7,779	$1,630,134	+122.6%	0.33%
GOOGL	Alphabet Inc. Communication Services	Reduced	3,940	-7,926	$1,408,037	−58.7%	0.29%
SPY	Spdr S&P 500 ETF Trust	Reduced	1,839	-448	$1,373,310	−7.7%	0.28%
QQQ	Invesco Qqq Trust, Series 1	Added	1,851	+10	$1,363,076	+28.3%	0.28%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	3,051	-4	$1,283,250	+13.0%	0.26%
IBRX	ImmunityBio, Inc. Healthcare	Added	111,698	+11,698	$977,915	+27.5%	0.20%
GLD	Spdr Gold Trust	Added	1,988	+93	$732,339	−10.2%	0.15%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	8,241	-176	$681,036	+1.6%	0.14%
LOW	Lowes Companies Inc Consumer Cyclical	Held	3,028	0	$667,643	−6.7%	0.14%
AVGO	Broadcom Inc. Technology	Reduced	1,723	-75	$650,863	+17.0%	0.13%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.