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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
+6.67%
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
$1.71B
AUM Growth
-$92.9M
Cap. Flow
-$166M
Cap. Flow %
-9.69%
Top 10 Hldgs %
35.13%
Holding
275
New
3
Increased
92
Reduced
82
Closed
32

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$6.95M
2
TXN icon
Texas Instruments
TXN
+$5.83M
3
PLD icon
Prologis
PLD
+$5.66M
4
VZ icon
Verizon
VZ
+$4.79M
5
CMCSA icon
Comcast
CMCSA
+$4.69M

Top Sells

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$160M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$80.8M
3
KO icon
Coca-Cola
KO
+$5.6M
4
DIA icon
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
+$3.75M
5
TJX icon
TJX Companies
TJX
+$3.55M

Sector Composition

Rank Sector Weight
1 Technology 24.64%
2 Consumer Staples 15.8%
3 Healthcare 14.52%
4 Financials 11.98%
5 Consumer Discretionary 8.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ESS icon
251
Essex Property Trust
ESS
$18.3B
– –
-1,313
Closed -$278K
EXPD icon
252
Expeditors International
EXPD
$23.2B
– –
-3,147
Closed -$327K
FRT icon
253
Federal Realty Investment Trust
FRT
$10.2B
– –
-4,057
Closed -$410K
GPN icon
254
Global Payments
GPN
$23.2B
– –
-10,631
Closed -$1.06M
GRMN
255
Garmin
GRMN
$58.2B
– –
-13,473
Closed -$1.24M
GWW icon
256
W.W. Grainger
GWW
$60.4B
– –
-860
Closed -$478K
HRL icon
257
Hormel Foods
HRL
$13.8B
– –
-6,880
Closed -$313K
IRM icon
258
Iron Mountain
IRM
$36.3B
– –
-5,125
Closed -$255K
LEG icon
259
Leggett & Platt
LEG
$1.31B
– –
-8,536
Closed -$275K
LNG icon
260
Cheniere Energy
LNG
$54.9B
– –
-2,200
Closed -$330K
MTB icon
261
M&T Bank
MTB
$36.1B
– –
-4,186
Closed -$607K
O icon
262
Realty Income
O
$59B
– –
-4,889
Closed -$310K
ORLY icon
263
O'Reilly Automotive
ORLY
$76.2B
– –
-3,930
Closed -$221K
PNR icon
264
Pentair
PNR
$11.2B
– –
-6,874
Closed -$309K
PPG icon
265
PPG Industries
PPG
$26B
– –
-2,740
Closed -$345K
SCHF icon
266
Schwab International Equity ETF
SCHF
$68B
– –
-14,888
Closed -$240K
SHW icon
267
Sherwin-Williams
SHW
$88.2B
– –
-1,343
Closed -$319K
UL icon
268
Unilever
UL
$137B
– –
-3,616
Closed -$205K
VSS icon
269
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.7B
– –
-2,939
Closed -$302K
VTI icon
270
Vanguard Morningstar Total Stock Market ETF
VTI
$680B
– –
-2,971
Closed -$568K
VYM icon
271
Vanguard High Dividend Yield ETF
VYM
$82.3B
– –
-7,750
Closed -$839K
WBA
272
DELISTED
Walgreens Boots Alliance
WBA
– –
-11,359
Closed -$424K
7 8 9 10
11

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MRL
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CC
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SWM
SHP Wealth Management Plymouth, Massachusetts $1.33B AUM
MDSL
M.D. Sass LLC New York $1.32B AUM 16.01% 1-Year Est. Return
CRAM
Compass Rose Asset Management New York $1.33B AUM 2.38% 1-Year Est. Return
B
BloombergSen Toronto, Ontario, Canada $1.31B AUM 8.32% 1-Year Est. Return
RCM
Radcliffe Capital Management Bala Cynwyd, Pennsylvania $1.33B AUM 1.18% 1-Year Est. Return
AWA
Arete Wealth Advisors Chicago, Illinois $1.33B AUM 25.12% 1-Year Est. Return

Cullinan Associates's Q1 2023 Portfolio in Review

As of Q1 2023, Cullinan Associates held 275 positions worth $1.71B, down 5.1% from $1.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Cullinan Associates withdrew a net $166M in Q1 2023, closing 32 positions and reducing 82 holdings. Its most notable exit was Dorman Products, an estimated $2.02M position sold in full.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 18% a quarter earlier, followed by Consumer Staples and Healthcare.

Against the trend, Cullinan Associates opened a new position in Advanced Micro Devices worth $542K.

  • Cullinan Associates's largest Q1 2023 buy was Advanced Micro Devices: 5,534 shares worth $542K.
  • Cullinan Associates added most to Apple in Q1 2023, an estimated $6.95M increase.
  • Cullinan Associates's biggest Q1 2023 reduction was Walmart Inc, cutting an estimated $160M.
  • Cullinan Associates fully exited Dorman Products in Q1 2023, selling an estimated $2.02M.
  • Cullinan Associates's ten largest holdings make up 35% of its $1.71B portfolio in Q1 2023.
  • Cullinan Associates opened 3 new positions and closed 32 in Q1 2023.
  • Cullinan Associates's portfolio value fell 5.1% quarter-over-quarter to $1.71B.

Based on Cullinan Associates's 13F filing for Q1 2023, filed 5 Apr 2023.