CINCINNATI FINANCIAL CORP
Long book
$4.96B
Q1 2026
Positions
55
Top-10 weight
54%
concentration
Last quarter
+12.0%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsCINCINNATI FINANCIAL CORP is a concentrated fundamental stock-picker, running a $4.96B US long book across 55 positions.
The portfolio is concentrated: the top 10 names carry 54% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, BROADCOM INC, CME GROUP INC, CISCO SYSTEMS INC, HONEYWELL INTERNATIONAL INC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.6%
Q2 2024
+8.3%
Q3 2024
+1.0%
Q4 2024
-1.6%
Q1 2025
+4.8%
Q2 2025
+7.1%
Q3 2025
+1.4%
Q4 2025
-1.9%
Q1 2026
+12.0%
Sector allocation
Technology 40%
Industrials 14%
Financials 14%
Consumer discretionary 9%
Consumer staples 6%
Healthcare 5%
Other 3%
Energy 3%
Long book by quarter
What does CINCINNATI FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 2.8M | $709.9M | 14.3% | Held |
| AVGO BROADCOM INC | Technology | 1.4M | $446.8M | 9.0% | -16.3% |
| CME CME GROUP INC | Financials | 1.0M | $295.9M | 6.0% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 2.5M | $197.6M | 4.0% | Held |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 837.5K | $189.3M | 3.8% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.1M | $182.2M | 3.7% | Held |
| MSFT MICROSOFT CORP | Technology | 491.1K | $181.8M | 3.7% | Held |
| DOV DOVER CORP | Industrials | 843.6K | $175.8M | 3.5% | Held |
| NSC NORFOLK SOUTHERN CORP | Industrials | 587.7K | $168.7M | 3.4% | Held |
| ADI ANALOG DEVICES INC | Technology | 445.9K | $141.8M | 2.9% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 426.1K | $140.1M | 2.8% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 447.6K | $139.1M | 2.8% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 866.5K | $138.4M | 2.8% | Held |
| VLO VALERO ENERGY CORP | Energy | 514.6K | $127.2M | 2.6% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 468.8K | $126.9M | 2.6% | Held |
| QCOM QUALCOMM INC | Technology | 957.5K | $123.3M | 2.5% | Held |
| ABBV ABBVIE INC | Healthcare | 566.8K | $123.3M | 2.5% | Held |
| SNA SNAP-ON INC | Industrials | 336.8K | $122.3M | 2.5% | Held |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 1.4M | $83.5M | 1.7% | Held |
| RPM RPM INTERNATIONAL INC | Other | 824.7K | $82.0M | 1.7% | Held |
| PNW PINNACLE WEST CAPITAL | Utilities | 729.5K | $73.5M | 1.5% | Held |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 1.1M | $69.9M | 1.4% | +10.8% |
| ACN ACCENTURE PLC-CL A | Services media | 338.0K | $67.0M | 1.4% | Held |
| AJG ARTHUR J GALLAGHER & CO | Financials | 261.3K | $56.6M | 1.1% | +40.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 201.0K | $49.1M | 1.0% | Held |
| MRSH MARSH & MCLENNAN COS | Financials | 278.3K | $48.3M | 1.0% | Held |
| ADP AUTOMATIC DATA PROCESSING | Technology | 232.8K | $47.3M | 1.0% | Held |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 145.9K | $42.4M | 0.9% | Held |
| USB US BANCORP | Financials | 763.5K | $39.7M | 0.8% | Held |
| ARES ARES MANAGEMENT CORP - A | Financials | 353.2K | $38.5M | 0.8% | +41.7% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 78.0K | $38.3M | 0.8% | New |
| MMM 3M CO | Healthcare | 211.0K | $30.6M | 0.6% | Held |
| BLK BLACKROCK INC | Financials | 28.8K | $27.7M | 0.6% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 90.0K | $26.5M | 0.5% | Held |
| CMCSA COMCAST CORP-CLASS A | Communications | 891.6K | $25.6M | 0.5% | +14.8% |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 210.0K | $24.9M | 0.5% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 486.7K | $24.4M | 0.5% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 237.8K | $24.4M | 0.5% | Held |
| HAS HASBRO INC | Other | 260.6K | $24.4M | 0.5% | Held |
| OC OWENS CORNING | Industrials | 209.0K | $22.6M | 0.5% | Held |
| PEP PEPSICO INC | Consumer staples | 127.5K | $19.8M | 0.4% | Held |
| SSB SOUTHSTATE BANK CORP | Financials | 200.4K | $18.5M | 0.4% | New |
| T AT&T INC | Communications | 532.0K | $15.4M | 0.3% | Held |
| RTX RTX CORP | Industrials | 71.0K | $13.7M | 0.3% | Held |
| ENB ENBRIDGE INC | Energy | 185.8K | $10.1M | 0.2% | Held |
| LYB LYONDELLBASELL INDU-CL A | Other | 122.0K | $9.8M | 0.2% | Held |
| NEE NEXTERA ENERGY INC | Utilities | 86.0K | $8.0M | 0.2% | Held |
| CVX CHEVRON CORP | Energy | 35.1K | $7.3M | 0.1% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 49.9K | $7.2M | 0.1% | Held |
| DUK DUKE ENERGY CORP | Utilities | 38.8K | $5.1M | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 55 | $4.96B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 54 | $5.12B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 55 | $5.05B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 53 | $4.72B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 51 | $4.48B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 50 | $4.56B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 52 | $4.64B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 52 | $4.64B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 52 | $4.54B | canonical | SEC ↗ |
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