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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 (2016Q2)
Portfolio Summary: 201 holdings with a total value of $1,230,147,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 WAL-MART STORES INC 3,386,347 247,271,000 20.10%
2 COCA COLA CO 1,261,802 57,197,000 4.65%
3 EXXON MOBIL CORP 500,106 46,880,000 3.81%
4 BRISTOL MYERS SQUIBB CO 585,796 43,085,000 3.50%
5 PROCTER AND GAMBLE CO 349,734 29,612,000 2.41%
6 UNITED PARCEL SERVICE INC 257,916 27,783,000 2.26%
7 AFLAC INC 289,523 20,892,000 1.70%
8 JOHNSON & JOHNSON 157,307 19,081,000 1.55%
9 APPLE INC 195,233 18,664,000 1.52%
10 FACEBOOK INC 147,000 16,799,000 1.37%
11 MICROSOFT CORP 326,274 16,695,000 1.36%
12 COLGATE PALMOLIVE CO 209,090 15,305,000 1.24%
13 PAYCHEX INC 250,422 14,900,000 1.21%
14 PEPSICO INC 138,249 14,646,000 1.19%
15 GENERAL ELECTRIC CO 455,762 14,347,000 1.17%
16 MERCK & CO INC 231,161 13,317,000 1.08%
17 PFIZER INC 341,223 12,014,000 0.98%
18 ABBOTT LABS 295,750 11,626,000 0.95%
19 LOWES COS INC 143,556 11,365,000 0.92%
20 VERTEX PHARMACEUT 128,010 11,011,000 0.90%
21 AMGEN INC 71,400 10,864,000 0.88%
22 STARBUCKS CORP 190,110 10,859,000 0.88%
23 INTEL CORP 325,006 10,660,000 0.87%
24 CISCO SYS INC 370,100 10,618,000 0.86%
25 3M CO 59,215 10,370,000 0.84%
26 CHEVRON CORP NEW 97,803 10,253,000 0.83%
27 JPMORGAN CHASE & CO 162,171 10,077,000 0.82%
28 COMCAST CORP NEW 152,907 9,968,000 0.81%
29 MEDTRONIC PLC 114,510 9,936,000 0.81%
30 US BANCORP DEL 241,135 9,725,000 0.79%
31 V F CORP 152,168 9,357,000 0.76%
32 DISNEY WALT CO 94,878 9,281,000 0.75%
33 WELLS FARGO & CO NEW 182,970 8,660,000 0.70%
34 SUNTRUST BKS INC 206,200 8,471,000 0.69%
35 TEXAS INSTRS INC 134,500 8,426,000 0.68%
36 SPDR S&P 500 ETF TR 39,938 8,366,000 0.68%
37 MONSANTO CO NEW 80,500 8,325,000 0.68%
38 MAXIM INTEGR 230,300 8,219,000 0.67%
39 BB&T CORP 229,755 8,182,000 0.67%
40 VERIZON COMMUNICATIONS INC 130,637 7,295,000 0.59%
41 MCDONALDS CORP 60,300 7,257,000 0.59%
42 ORACLE CORP 173,000 7,081,000 0.58%
43 OCCIDENTAL PETE CORP DEL 92,546 6,993,000 0.57%
44 ABBVIE INC 112,500 6,965,000 0.57%
45 AT&T INC 158,902 6,866,000 0.56%
46 PROLOGIS INC 139,300 6,831,000 0.56%
47 VULCAN MATLS CO 56,323 6,779,000 0.55%
48 NEXTERA ENERGY INC 51,085 6,661,000 0.54%
49 DEERE & CO 81,220 6,582,000 0.54%
50 ALTRIA GROUP INC 94,800 6,537,000 0.53%
Page 1 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001161670-16-000007, filed 2016.07.01).

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.