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Institutional Investment Manager
CULLINAN ASSOCIATES INC
CULLINAN ASSOCIATES INC (CIK: 0001161670) incorporated in Kentucky, located at 295 N. Hubbards Lane, Louisville, KY. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 216 holdings with a total value of $1,288,901,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 EMERSON ELEC CO 104,991 5,945,000 0.46%
52 PRICE T ROWE GROUP INC 69,910 5,661,000 0.44%
53 STARBUCKS CORP 59,025 5,590,000 0.43%
54 CELGENE CORP 46,577 5,369,000 0.42%
55 MONSANTO CO NEW 47,238 5,316,000 0.41%
56 AT&T INC 160,265 5,233,000 0.41%
57 GENERAL MLS INC 89,000 5,037,000 0.39%
58 KELLOGG CO 75,090 4,952,000 0.38%
59 KLA-TENCOR CORP 84,000 4,896,000 0.38%
60 SYSCO CORP 127,300 4,803,000 0.37%
61 ABBVIE INC 81,820 4,790,000 0.37%
62 NUCOR CORP 98,389 4,676,000 0.36%
63 CONOCOPHILLIPS 74,300 4,626,000 0.36%
64 CVS HEALTH CORP 43,220 4,461,000 0.35%
65 AMERICAN ELEC PWR INC 77,525 4,361,000 0.34%
66 ZIMMER BIOMET HLDGS INC 36,140 4,247,000 0.33%
67 YUM BRANDS INC 53,600 4,219,000 0.33%
68 INTUIT 43,350 4,203,000 0.33%
69 CATERPILLAR INC 51,730 4,140,000 0.32%
70 INTEL CORP 127,556 3,989,000 0.31%
71 LUMEN TECHNOLOGIES INC 113,807 3,932,000 0.31%
72 UNITED TECHNOLOGIES CORP 33,240 3,896,000 0.30%
73 THERMO FISHER SCIENTIFIC INC 28,070 3,771,000 0.29%
74 Express Scripts, Inc. 42,581 3,695,000 0.29%
75 SCHLUMBERGER LTD 43,960 3,668,000 0.28%
76 BERKSHIRE HATHAWAY INC DEL 25,070 3,618,000 0.28%
77 ADOBE INC 48,700 3,601,000 0.28%
78 EBAY INC 62,000 3,576,000 0.28%
79 EATON CORP PLC 51,933 3,528,000 0.27%
80 FASTENAL CO 85,100 3,526,000 0.27%
81 UNION PAC CORP 32,255 3,494,000 0.27%
82 AMERICAN TOWER CORP NEW 36,020 3,391,000 0.26%
83 AGILENT TECHNOLOGIES INC 81,600 3,390,000 0.26%
84 BOEING CO 22,155 3,325,000 0.26%
85 Medtronic Inc 42,048 3,279,000 0.25%
86 AMERIPRISE FINL INC 24,965 3,266,000 0.25%
87 DANAHER CORP DEL 37,075 3,148,000 0.24%
88 FISERV INC 38,890 3,088,000 0.24%
89 CME GROUP INC 32,175 3,047,000 0.24%
90 AUTODESK INC 51,400 3,014,000 0.23%
91 OCCIDENTAL PETE CORP DEL 41,080 2,999,000 0.23%
92 FEDEX CORP 18,045 2,986,000 0.23%
93 LORILLARD 44,300 2,895,000 0.22%
94 AUTOMATIC DATA PROCESSING IN 33,360 2,857,000 0.22%
95 VULCAN MATLS CO 33,700 2,841,000 0.22%
96 E M C CORP MASS COM 110,900 2,835,000 0.22%
97 CUMMINS INC 19,195 2,661,000 0.21%
98 PROLOGIS INC 60,875 2,652,000 0.21%
99 ISHARES NASDAQ BIOTECHNOLOGY ETF 4,700 2,607,000 0.20%
100 MASTERCARD INCORPORATED 30,050 2,596,000 0.20%
Page 2 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001161670-15-000002, filed 2015.04.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.