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Cullinan Associates Portfolio holdings
AUM
$1.32B
1-Year Est. Return
30.92%
This Fund
S&P 500
This Quarter
Est. Return
+13.62%
1 Year Est. Return
+30.92%
3 Year Est. Return
+106.56%
5 Year Est. Return
+134.28%
10 Year Est. Return
+431.49%
AUM
$1.79B
AUM Growth
+$76.6M
(+4.5%)
Cap. Flow
-$98.9M
Cap. Flow
% of AUM
-5.52%
Top 10 Holdings %
Top 10 Hldgs %
43.85%
Holding
250
New
8
Increased
25
Reduced
128
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$33.8M |
| 2 |
Qualys
QLYS
|
+$10.2M |
| 3 |
Airbnb
ABNB
|
+$5.26M |
| 4 |
Southern Company
SO
|
+$4.47M |
| 5 |
Microsoft
MSFT
|
+$2.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Prologis
PLD
|
+$8.92M |
| 2 |
Texas Instruments
TXN
|
+$6.61M |
| 3 |
Apple
AAPL
|
+$6.38M |
| 4 |
Coca-Cola
KO
|
+$5.43M |
| 5 |
Morgan Stanley
MS
|
+$5.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.64% |
| 2 | Consumer Staples | 16.86% |
| 3 | Financials | 13.96% |
| 4 | Healthcare | 12.16% |
| 5 | Consumer Discretionary | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Nucor
NUE
$62.6B
| $209K | 0.01% |
1,200
-5,224
| -81% | -$828K |
|
227
AppFolio
APPF
$6.84B
| $208K | 0.01% |
1,200
| – | – |
|
228
Vail Resorts
MTN
$5.35B
| $207K | 0.01% |
972
| – | – |
|
229
Snap
SNAP
$8.81B
| $195K | 0.01% |
11,500
| – | – |
|
230
Energy Transfer Partners
ET
$70.8B
| $173K | 0.01% |
12,520
| – | – |
|
231
Levi Strauss
LEVI
$9.49B
| $165K | 0.01% |
10,000
| – | – |
|
|
LAZR
232
DELISTED
Luminar Technologies
LAZR
| $65.1K | ﹤0.01% |
1,288
| – | – |
|
233
Archer Daniels Midland
ADM
$37.7B
| – | – |
-8,200
| Closed | -$618K |
|
234
American Electric Power
AEP
$68.6B
| – | – |
-2,900
| Closed | -$218K |
|
235
A.O. Smith
AOS
$8.59B
| – | – |
-7,800
| Closed | -$516K |
|
236
Air Products & Chemicals
APD
$66.5B
| – | – |
-1,325
| Closed | -$376K |
|
237
Atmos Energy
ATO
$28.8B
| – | – |
-3,020
| Closed | -$320K |
|
238
Cardinal Health
CAH
$55.3B
| – | – |
-7,838
| Closed | -$680K |
|
239
Cintas
CTAS
$80B
| – | – |
-3,600
| Closed | -$433K |
|
240
Consolidated Edison
ED
$39.9B
| – | – |
-4,453
| Closed | -$381K |
|
241
EOG Resources
EOG
$71.1B
| – | – |
-12,200
| Closed | -$1.55M |
|
242
General Dynamics
GD
$105B
| – | – |
-2,600
| Closed | -$575K |
|
243
McKesson
MCK
$99.4B
| – | – |
-500
| Closed | -$217K |
|
244
PagerDuty
PD
$855M
| – | – |
-200,000
| Closed | -$4.5M |
|
245
SkinHealth Systems
SKIN
$92.2M
| – | – |
-159,253
| Closed | -$959K |
|
246
Target
TGT
$67.5B
| – | – |
-5,484
| Closed | -$606K |
|
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Cullinan Associates's Q4 2023 Portfolio in Review
As of Q4 2023, Cullinan Associates held 250 positions worth $1.79B, up 4.5% from $1.72B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Cullinan Associates withdrew a net $98.9M in Q4 2023, closing 15 positions and reducing 128 holdings. Its most notable exit was PagerDuty, an estimated $4.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Consumer Staples and Financials.
Against the trend, Cullinan Associates opened a new position in Qualys worth $11.4M.
- Cullinan Associates's largest Q4 2023 buy was Qualys: 58,080 shares worth $11.4M.
- Cullinan Associates added most to State Street SPDR S&P 500 ETF Trust in Q4 2023, an estimated $33.8M increase.
- Cullinan Associates's biggest Q4 2023 reduction was Prologis, cutting an estimated $8.92M.
- Cullinan Associates fully exited PagerDuty in Q4 2023, selling an estimated $4.5M.
- Cullinan Associates's ten largest holdings make up 44% of its $1.79B portfolio in Q4 2023.
- Cullinan Associates opened 8 new positions and closed 15 in Q4 2023.
- Cullinan Associates's portfolio value rose 4.5% quarter-over-quarter to $1.79B.
Based on Cullinan Associates's 13F filing for Q4 2023, filed 24 Jan 2024.