CINCINNATI INSURANCE CO

Fundamental diversified ★Signal CIK 1279885
League rank
#801
in Fundamental diversified · #6650 overall
Long book
$6.62B
Q1 2026
Positions
63
Top-10 weight
45%
concentration
Last quarter
+7.3%
SPY +14.8%
Turnover
9%
of book per quarter

Strategy in plain words

auto-generated from filings

CINCINNATI INSURANCE CO is a diversified fundamental manager, running a $6.62B US long book across 63 positions.

The portfolio is moderately concentrated (top 10 ≈ 45% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: JPMORGAN CHASE & CO, MICROSOFT CORP, LAM RESEARCH ORD, CUMMINS INC, ABBVIE INC.

Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.7%
Q2 2024
+8.3%
Q3 2024
-1.8%
Q4 2024
+1.7%
Q1 2025
+3.6%
Q2 2025
+7.1%
Q3 2025
+1.1%
Q4 2025
+2.3%
Q1 2026
+7.3%

Sector allocation

Technology
18%
Financials
17%
Industrials
14%
Healthcare
13%
Energy
8%
Other
8%
Consumer discretionary
7%
Consumer staples
5%

Long book by quarter

$6.09B
Q1 2024
$6.06B
Q2 2024
$5.97B
Q3 2024
$5.66B
Q4 2024
$5.72B
Q1 2025
$5.95B
Q2 2025
$6.46B
Q3 2025
$6.55B
Q4 2025
$6.62B
Q1 2026

What does CINCINNATI INSURANCE own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
JPM JPMORGAN CHASE & COFinancials1.5M$444.8M6.7%Held
MSFT MICROSOFT CORPTechnology1.2M$438.3M6.6%Held
CMI CUMMINS INCIndustrials581.1K$312.6M4.7%-4.2%
ABBV ABBVIE INCHealthcare1.4M$305.6M4.6%Held
JNJ JOHNSON & JOHNSONHealthcare1.1M$260.6M3.9%Held
RTX RTX CORPIndustrials1.1M$216.4M3.3%Held
XOM EXXON MOBIL CORPEnergy1.2M$198.9M3.0%Held
PEP PEPSICO INCConsumer staples1.2M$192.6M2.9%Held
ADI ANALOG DEVICES INCTechnology564.6K$179.6M2.7%Held
TJX TJX COMPANIES INCConsumer discretionary963.0K$153.8M2.3%Held
PG PROCTER & GAMBLE CO/THEOther1.0M$148.4M2.2%Held
APD AIR PRODUCTS & CHEMICALS INCMaterials469.2K$136.3M2.1%Held
CVX CHEVRON CORPEnergy636.0K$131.6M2.0%Held
ACN ACCENTURE PLC-CL AServices media615.8K$122.1M1.8%Held
MCD MCDONALD'S CORPConsumer discretionary389.0K$120.9M1.8%Held
ABT ABBOTT LABORATORIESHealthcare1.2M$118.8M1.8%Held
USB US BANCORPFinancials2.2M$114.4M1.7%Held
WEC WEC ENERGY GROUP INCUtilities978.3K$113.3M1.7%Held
BLK BLACKROCK INCFinancials115.8K$111.4M1.7%Held
AAPL APPLE INCTechnology420.0K$106.6M1.6%Held
AVGO BROADCOM INCTechnology342.5K$106.0M1.6%Held
DUK DUKE ENERGY CORPUtilities794.8K$104.1M1.6%Held
CSCO CISCO SYSTEMS INCTechnology1.3M$103.5M1.6%Held
RPM RPM INTERNATIONAL INCOther1.0M$102.7M1.6%Held
HAS HASBRO INCOther1.0M$98.0M1.5%Held
RF REGIONS FINANCIAL CORPFinancials3.5M$92.6M1.4%Held
ENB ENBRIDGE INCEnergy1.6M$89.2M1.3%Held
VLO VALERO ENERGY CORPEnergy356.5K$88.1M1.3%Held
DOV DOVER CORPIndustrials368.8K$76.9M1.2%Held
MMM 3M COHealthcare521.7K$75.8M1.1%Held
HD HOME DEPOT INCConsumer discretionary226.4K$74.5M1.1%Held
LYB LYONDELLBASELL INDU-CL AOther885.7K$71.3M1.1%Held
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples1.2M$66.8M1.0%Held
NSC NORFOLK SOUTHERN CORPIndustrials217.0K$62.3M0.9%-17.9%
UNH UNITEDHEALTH GROUP INCFinancials220.1K$59.6M0.9%Held
HON HONEYWELL INTERNATIONAL INCIndustrials245.0K$55.4M0.8%Held
QCOM QUALCOMM INCTechnology427.5K$55.1M0.8%Held
AJG ARTHUR J GALLAGHER & COFinancials246.3K$53.3M0.8%+34.1%
TMO THERMO FISHER SCIENTIFIC INCOther106.2K$52.2M0.8%New
DG DOLLAR GENERAL CORPConsumer discretionary436.6K$51.8M0.8%Held
WAL WESTERN ALLIANCE BANCORPFinancials725.0K$51.4M0.8%Held
MRSH MARSH & MCLENNAN COSFinancials275.8K$47.8M0.7%Held
MCHP MICROCHIP TECHNOLOGY INCTechnology717.1K$46.3M0.7%+15.9%
CMCSA COMCAST CORP-CLASS ACommunications1.6M$46.0M0.7%+54.5%
NEE NEXTERA ENERGY INCUtilities491.0K$45.6M0.7%Held
SNA SNAP-ON INCIndustrials123.9K$45.0M0.7%Held
ARES ARES MANAGEMENT CORP - AFinancials370.7K$40.4M0.6%+517.8%
PM PHILIP MORRIS INTERNATIONALConsumer staples242.4K$40.1M0.6%Held
ADP AUTOMATIC DATA PROCESSINGTechnology181.1K$36.8M0.6%Held
MA MASTERCARD INC - AServices media61.0K$30.5M0.5%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 202663$6.62B canonicalSEC ↗
Q4 202513F-HRFeb 12, 202661$6.55B canonicalSEC ↗
Q3 202513F-HRNov 6, 202562$6.46B canonicalSEC ↗
Q2 202513F-HRAug 7, 202560$5.95B canonicalSEC ↗
Q1 202513F-HRMay 8, 202560$5.72Bconfidential canonicalSEC ↗
Q4 202413F-HRFeb 12, 202560$5.66B canonicalSEC ↗
Q3 202413F-HRNov 7, 202462$5.97B canonicalSEC ↗
Q2 202413F-HRAug 8, 202463$6.06B canonicalSEC ↗
Q1 202413F-HRMay 3, 202462$6.09B canonicalSEC ↗