Cutler Investment Counsel

Cutler Investment Counsel as of Sept. 30, 2012

Portfolio Holdings for Cutler Investment Counsel

Cutler Investment Counsel holds 62 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
International Business Machines (IBM) 3.5 $6.3M 30k 207.45
Home Depot (HD) 3.2 $5.7M 94k 60.37
Chevron Corporation (CVX) 3.2 $5.7M 49k 116.57
American Express Company (AXP) 3.1 $5.5M 96k 56.86
Merck & Co (MRK) 2.9 $5.2M 115k 45.09
Walt Disney Company (DIS) 2.9 $5.2M 99k 52.28
Nordstrom (JWN) 2.9 $5.0M 91k 55.19
WisdomTree Intl. LargeCap Div (DOL) 2.8 $5.0M 118k 42.35
Chubb Corporation 2.8 $4.9M 64k 76.27
Rydex S&P 500 Pure Growth ETF 2.8 $4.9M 99k 49.05
Verizon Communications (VZ) 2.6 $4.7M 103k 45.57
Vanguard Short-Term Bond ETF (BSV) 2.5 $4.4M 54k 81.45
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 2.5 $4.3M 41k 105.76
United Technologies Corporation 2.4 $4.3M 54k 78.30
Microsoft Corporation (MSFT) 2.4 $4.2M 141k 29.76
Exxon Mobil Corporation (XOM) 2.4 $4.2M 46k 91.45
McDonald's Corporation (MCD) 2.2 $4.0M 43k 91.74
Caterpillar (CAT) 2.2 $3.8M 44k 86.04
E.I. du Pont de Nemours & Company 2.0 $3.6M 71k 50.27
Becton, Dickinson and (BDX) 2.0 $3.6M 45k 78.55
WisdomTree Emerging Markets Eq (DEM) 1.9 $3.3M 61k 53.67
At&t (T) 1.8 $3.2M 85k 37.70
National Fuel Gas (NFG) 1.8 $3.2M 59k 54.04
M&T Bank Corporation (MTB) 1.8 $3.2M 33k 95.17
Bristol Myers Squibb (BMY) 1.8 $3.2M 94k 33.75
Johnson & Johnson (JNJ) 1.7 $3.0M 44k 68.90
Kimberly-Clark Corporation (KMB) 1.7 $3.0M 35k 85.78
Intel Corporation (INTC) 1.7 $3.0M 131k 22.66
ConocoPhillips (COP) 1.6 $2.8M 49k 57.18
Texas Instruments Incorporated (TXN) 1.6 $2.8M 101k 27.55
Pepsi (PEP) 1.5 $2.7M 38k 70.78
Honeywell International (HON) 1.5 $2.7M 45k 59.74
Procter & Gamble Company (PG) 1.5 $2.6M 38k 69.37
Emerson Electric (EMR) 1.4 $2.4M 51k 48.27
Monsanto Company 1.4 $2.4M 27k 91.02
SYSCO Corporation (SYY) 1.3 $2.2M 72k 31.27
Charles Schwab Corporation (SCHW) 1.3 $2.2M 174k 12.79
Vanguard REIT ETF (VNQ) 1.3 $2.2M 34k 64.96
Archer Daniels Midland Company (ADM) 1.2 $2.1M 77k 27.19
Vanguard Mid-Cap ETF (VO) 1.2 $2.0M 25k 81.17
GlaxoSmithKline 1.1 $2.0M 44k 46.25
Hartford Financial Services (HIG) 1.1 $1.9M 100k 19.44
Nucor Corporation (NUE) 1.0 $1.8M 48k 38.27
Anadarko Petroleum Corporation 1.0 $1.7M 25k 69.92
BP (BP) 1.0 $1.7M 40k 42.35
Newmont Mining Corporation (NEM) 0.9 $1.7M 30k 56.00
Diamond Offshore Drilling 0.9 $1.6M 25k 65.80
JPMorgan Chase & Co. (JPM) 0.9 $1.6M 40k 40.48
Tupperware Brands Corporation (TUP) 0.9 $1.6M 30k 53.60
Aetna 0.9 $1.6M 40k 39.60
Vanguard Total Bond Market ETF (BND) 0.9 $1.5M 18k 85.13
WisdomTree SmallCap Earnings Fund (EES) 0.8 $1.5M 26k 56.11
Abbott Laboratories (ABT) 0.8 $1.4M 20k 68.55
Apple (AAPL) 0.8 $1.3M 2.0k 667.00
Halliburton Company (HAL) 0.8 $1.3M 40k 33.70
Lincoln National Corporation (LNC) 0.7 $1.2M 50k 24.18
Phillips 66 (PSX) 0.5 $927k 20k 46.37
iShares Barclays TIPS Bond Fund (TIP) 0.3 $606k 5.0k 121.86
PNC Financial Services (PNC) 0.2 $303k 4.8k 63.12
Pfizer (PFE) 0.2 $290k 12k 24.85
McGraw-Hill Companies 0.1 $241k 4.4k 54.59
Norfolk Southern (NSC) 0.1 $210k 3.3k 63.64