陶氏公司
MX ˙ BMV ˙ US2605571031
SecurityMX:DOW1 / Dow Inc.
InstitutionCullinan Associates Inc
Latest Disclosed Ownership4,908 shares
Latest Disclosed Value $ 204,418
Cullinan Associates Inc ownership in DOW1 / Dow Inc.

On May 1, 2026 - Cullinan Associates Inc filed a 13F-HR form disclosing ownership of 4,908 shares of Dow Inc. (MX:DOW1) valued at $204,418 USD as of March 31, 2026. The entity filed a previous 13F-HR on July 22, 2025 disclosing 0 shares of Dow Inc..

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F Dow COM 260557103 4,908 4,908 204 0.0165
2025-07-22 2025-06-30 13F Dow COM 260557103 0 -17,022 -100.00 0 -100.00
2025-04-22 2025-03-31 13F Dow COM 260557103 17,022 -2,750 -13.91 594 -25.09 0.0420
2025-01-24 2024-12-31 13F Dow COM 260557103 19,772 -39,906 -66.87 793 -74.55 0.0509
2024-10-23 2024-09-30 13F Dow COM 260557103 59,678 6,825 12.91 3,117 11.17 0.1758
2024-07-10 2024-06-30 13F Dow COM 260557103 52,853 15,065 39.87 2,804 28.05 0.1586
2024-04-18 2024-03-31 13F Dow COM 260557103 37,788 200 0.53 2,189 6.21 0.1228
2024-01-24 2023-12-31 13F Dow COM 260557103 37,588 -7,200 -16.08 2,061 -10.74 0.1149
2023-10-11 2023-09-30 13F Dow COM 260557103 44,788 -6,155 -12.08 2,309 -14.89 0.1345
2023-07-14 2023-06-30 13F Dow COM 260557103 50,943 1,508 3.05 2,713 0.11 0.1491
2023-04-05 2023-03-31 13F Dow COM 260557103 49,435 4,610 10.28 2,710 135,400.00 0.1583
2023-01-11 2022-12-31 13F Dow COM 260557103 44,825 -17,893 -28.53 2 -99.93 0.1252
2022-10-19 2022-09-30 13F Dow COM 260557103 62,718 -3,251 -4.93 2,755 -19.09 0.1740
2022-07-08 2022-06-30 13F Dow COM 260557103 65,969 -4,400 -6.25 3,405 -24.06 0.2082
2022-04-21 2022-03-31 13F Dow COM 260557103 70,369 -2,547 -3.49 4,484 8.41 0.2353
2022-01-07 2021-12-31 13F Dow COM 260557103 72,916 -3,571 -4.67 4,136 -6.06 0.2105
2021-10-08 2021-09-30 13F Dow COM 260557103 76,487 -190 -0.25 4,403 -9.25 0.2432
2021-07-07 2021-06-30 13F Dow Chemical COM 260557103 76,677 9,236 13.69 4,852 12.52 0.2717
2021-04-20 2021-03-31 13F Dow Chemical COM 260557103 67,441 16,487 32.36 4,312 58.76 0.2481
2019-04-30 2019-03-31 13F DowDuPont COM 26078J100 50,954 9,700 23.51 2,716 23.12 0.2040
2019-01-11 2018-12-31 13F DowDuPont COM 26078J100 41,254 14,900 56.54 2,206 30.15 0.1822
2018-10-19 2018-09-30 13F DowDuPont COM 26078J100 26,354 2,901 12.37 1,695 9.64 0.1227
2018-07-09 2018-06-30 13F DowDuPont COM 26078J100 23,453 -300 -1.26 1,546 2.18 0.1183
2018-04-26 2018-03-31 13F DowDuPont COM 26078J100 23,753 -1,800 -7.04 1,513 -16.87 0.1146
2018-01-17 2017-12-31 13F DowDuPont COM 26078J100 25,553 -904 -3.42 1,820 -0.66 0.1336
2017-10-16 2017-09-30 13F DowDuPont COM 26078J100 26,457 26,457 1,832 0.1411
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.