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CIC
Cutler Investment Counsel Portfolio holdings
AUM
$1.06B
1-Year Est. Return
20.29%
This Fund
S&P 500
This Quarter
Est. Return
-8.23%
1 Year Est. Return
+20.29%
3 Year Est. Return
+56.21%
5 Year Est. Return
+59.52%
10 Year Est. Return
+194.49%
AUM
$465M
AUM Growth
-$69.7M
(-13%)
Cap. Flow
-$22.2M
Cap. Flow
% of AUM
-4.77%
Top 10 Holdings %
Top 10 Hldgs %
35.58%
Holding
96
New
1
Increased
14
Reduced
50
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 1000 Value ETF
IWD
|
+$1.52M |
| 2 |
Republic Services
RSG
|
+$1.48M |
| 3 |
Medtronic
MDT
|
+$1.15M |
| 4 |
SPDR Gold Trust
GLD
|
+$151K |
| 5 |
VanEck Vietnam ETF
VNM
|
+$131K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
|
+$7.38M |
| 2 |
Microsoft
MSFT
|
+$3.17M |
| 3 |
Vanguard Morningstar Mid-Cap ETF
VO
|
+$1.47M |
| 4 |
Vanguard Short-Term Bond ETF
BSV
|
+$1.31M |
| 5 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$1.06M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 10.13% |
| 2 | Industrials | 9.92% |
| 3 | Technology | 8.59% |
| 4 | Financials | 8.25% |
| 5 | Consumer Staples | 7.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Invesco S&P 500 Pure Growth ETF
RPG
$2.01B
| $26.3M | 5.67% |
1,322,085
-45,890
| -3% | -$986K |
|
|
2
Vanguard Short-Term Bond ETF
BSV
$44.7B
| $26M | 5.6% |
331,433
-16,771
| -5% | -$1.31M |
|
|
3
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $21.9M | 4.71% |
423,484
-20,644
| -5% | -$1.06M |
|
|
4
Vanguard Morningstar Mid-Cap ETF
VO
$106B
| $17M | 3.66% |
493,020
-39,248
| -7% | -$1.47M |
|
5
Deere & Co
DE
$160B
| $13.1M | 2.81% |
87,590
-99
| -0.1% | -$14.5K |
|
6
McDonald's
MCD
$192B
| $12.8M | 2.76% |
72,203
-2,543
| -3% | -$451K |
|
7
Becton Dickinson
BDX
$45.6B
| $12.2M | 2.62% |
55,460
-75
| -0.1% | -$17.4K |
|
8
Caterpillar
CAT
$375B
| $12.2M | 2.62% |
95,737
-391
| -0.4% | -$50.9K |
|
|
9
Microsoft
MSFT
$3.45T
| $12M | 2.59% |
118,491
-29,562
| -20% | -$3.17M |
|
10
Home Depot
HD
$331B
| $11.8M | 2.54% |
68,680
-300
| -0.4% | -$53.8K |
|
11
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.34B
| $11.1M | 2.39% |
166,922
-7,184
| -4% | -$494K |
|
12
Vanguard Global ex-US Real Estate ETF
VNQI
$3.52B
| $11M | 2.36% |
209,483
-12,805
| -6% | -$691K |
|
13
Schwab US TIPS ETF
SCHP
$16.3B
| $10.8M | 2.33% |
406,238
-7,824
| -2% | -$208K |
|
14
Walt Disney
DIS
$167B
| $10.7M | 2.31% |
97,721
+242
| +0.2% | +$27.5K |
|
15
iShares Core MSCI EAFE ETF
IEFA
$190B
| $10.4M | 2.23% |
188,495
-13,407
| -7% | -$786K |
|
16
Texas Instruments
TXN
$252B
| $10M | 2.16% |
106,044
-557
| -0.5% | -$53.9K |
|
17
Blackrock
BLK
$169B
| $9.85M | 2.12% |
25,073
-386
| -2% | -$158K |
|
18
Chevron
CVX
$392B
| $9.83M | 2.12% |
90,363
+70
| +0.1% | +$8.11K |
|
19
Walmart Inc
WMT
$885B
| $9.78M | 2.11% |
315,078
-5,190
| -2% | -$166K |
|
20
Intel
INTC
$455B
| $9.7M | 2.09% |
206,648
-547
| -0.3% | -$25.6K |
|
21
Johnson & Johnson
JNJ
$618B
| $9.55M | 2.06% |
74,010
-39
| -0.1% | -$5.44K |
|
22
Merck
MRK
$322B
| $9.26M | 1.99% |
126,965
-2,769
| -2% | -$195K |
|
|
23
Medtronic
MDT
$109B
| $8.62M | 1.85% |
94,711
+12,257
| +15% | +$1.15M |
|
24
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$3.08B
| $8.31M | 1.79% |
273,631
-462
| -0.2% | -$14.1K |
|
25
Verizon
VZ
$195B
| $8.3M | 1.79% |
147,630
-5,153
| -3% | -$292K |
|
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Cutler Investment Counsel's Q4 2018 Portfolio in Review
As of Q4 2018, Cutler Investment Counsel held 96 positions worth $465M, down 13% from $534M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Cutler Investment Counsel withdrew a net $22.2M in Q4 2018, closing 6 positions and reducing 50 holdings. Its most notable exit was iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036, an estimated $7.38M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 10% of assets, up from 9.5% a quarter earlier, followed by Industrials and Technology.
Against the trend, Cutler Investment Counsel opened a new position in iShares Russell 1000 Value ETF worth $1.41M.
- Cutler Investment Counsel's largest Q4 2018 buy was iShares Russell 1000 Value ETF: 12,659 shares worth $1.41M.
- Cutler Investment Counsel added most to Republic Services in Q4 2018, an estimated $1.48M increase.
- Cutler Investment Counsel's biggest Q4 2018 reduction was Microsoft, cutting an estimated $3.17M.
- Cutler Investment Counsel fully exited iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036 in Q4 2018, selling an estimated $7.38M.
- Cutler Investment Counsel's ten largest holdings make up 36% of its $465M portfolio in Q4 2018.
- Cutler Investment Counsel opened 1 new position and closed 6 in Q4 2018.
- Cutler Investment Counsel's portfolio value fell 13% quarter-over-quarter to $465M.
Based on Cutler Investment Counsel's 13F filing for Q4 2018, filed 13 Feb 2019.