Cutler Investment Counsel portfolio
Type not verifiedPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Oct 28, 2026 · data updated on Nov 5, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Cutler Investment Counsel reported a $1.1 bn portfolio of 154 companies (156 positions, counting each share class separately) to the SEC as of the end of Q3 2026. Its largest positions are VO, IEFA, IGSB. During the quarter it opened iShares 10-20 Year Treasury ETF and exited iShares US Treasury Bond ETF.
Sections with a free account
What changed this quarter
107 positions with a change (9 new, 31 added to, 56 trimmed, 11 sold); also, 1 entered through an IPO. 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- iShares US Treasury Bond ETF−2.5 ppof portfolioSold out2.5% → —
- iShares 10-20 Year Treasury ETF+2.3 ppof portfolioNew— → 2.4%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Vanguard Index FundsVO5.0%
- iShares Core Msci Eafe ETFIEFA4.6%
- iShares 1-5y INV Grade ETFIGSB4.4%
- Spdr Index SHS FundsSPEM4.0%
- J P Morgan Exchange Traded FundJIRE3.9%
- iShares Core S&P U.s. Growth ETFIUSG3.5%
- MicrosoftMSFT3.2%
- Vanguard Mrngstar GR ETF-sui ETFVUG3.1%
- iShares Core S&P Small-cap E ETFIJR2.8%
- State Street SPDR P AGG Bond ETFSPAB2.7%
- iShares 10-20 Year Treasury ETFTLH2.4%
- CaterpillarCAT2.3%
- WalmartWMT2.3%
- DeereDE2.0%
- RTXRTX2.0%
Portfolio by sector
- ● No sector 54%
- ● Industrials 9%
- ● Information Technology 8%
- ● Financials 8%
- ● Health Care 6%
- ● Consumer Staples 5%
- ● Energy 4%
- ● Consumer Discretionary 3%
- ● Communication Services 1%
- ● Utilities 1%
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Type not verified: we have not assigned a type because we found no document that is enough to tell. Most 13F filers are in this situation: we only review in depth those that meet the portfolio criteria.
Not counted as a concentrated manager: its portfolio is not within 5 to 100 positions; its top 10 positions are under 45%; more than 20% is ETFs. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
- Broad Bay Capital ManagementInvestment firm · $1.1 bn
- Minneapolis Portfolio Management Group$1.1 bn
- Melqart Asset Management (UK)Investment firm · $1.1 bn
- Ironvine Capital PartnersInvestment firm · $1.1 bn
- Hook Mill Capital PartnersInvestment firm · $1.1 bn
- Wolf Hill Capital ManagementInvestment firm · $1.0 bn