# EDGAR Filing Document

**Accession Number:** 0001508512
**File Stem:** 0001104659-25-110277
**Filing Date:** 2025-11
**Character Count:** 9442
**Document Hash:** 12e8c8eadab3a358a6c622ad0f51960c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-110277.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001104659-25-110277

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Drexel Morgan & Co.
- **CENTRAL INDEX KEY:** 0001508512

**ORGANIZATION NAME:**
- **EIN:** 364669069
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14088
- **FILM NUMBER:** 251472143

**BUSINESS ADDRESS:**
- **STREET 1:** 3 RADNOR CORPORATE CENTER
- **STREET 2:** SUITE 450
- **CITY:** RADNOR
- **STATE:** PA
- **ZIP:** 19087-4546
- **BUSINESS PHONE:** 610-293-7200

**MAIL ADDRESS:**
- **STREET 1:** 3 RADNOR CORPORATE CENTER
- **STREET 2:** SUITE 450
- **CITY:** RADNOR
- **STATE:** PA
- **ZIP:** 19087-4546

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Drexel Morgan  Co.<br>**Address:** 3 Radnor Corporate Center<br>Suite 450<br>Radnor, PA 19087-4546

**Form 13F File Number:** 028-14088

**CRD Number (if applicable):** 000151053

**SEC File Number (if applicable):** 801-70432

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** MarieElena V. Ness<br>**Title:** Vice President<br>**Phone:** 610-995-8741

**Signature, Place, and Date of Signing:**

MarieElena Ness  Radnor, PA  11-10-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[x] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 56

**Form 13F Information Table Value Total:** $636679755

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name                              | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | Haverford Trust Co                | 028-02396              |  |  |
|     2 | Haverford Financial Services Inc. | 028-11678              | 000130007    | 801-62759         |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 3588072 | 23122 | SH |  | SOLE |  | 0 | 0 | 23122 |
| ABBOTT LABS | COM | 002824100 |  | 4578203 | 34181 | SH |  | SOLE |  | 0 | 0 | 34181 |
| ABBVIE INC | COM | 00287Y109 |  | 439926 | 1900 | SH |  | SOLE |  | 0 | 0 | 1900 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 369512 | 1520 | SH |  | SOLE |  | 0 | 0 | 1520 |
| AMAZON COM INC | COM | 023135106 |  | 307398 | 1400 | SH |  | SOLE |  | 0 | 0 | 1400 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 31860123 | 95918 | SH |  | SOLE |  | 0 | 0 | 95918 |
| AMGEN INC | COM | 031162100 |  | 211650 | 750 | SH |  | SOLE |  | 0 | 0 | 750 |
| APPLE INC | COM | 037833100 |  | 11279090 | 44296 | SH |  | SOLE |  | 0 | 0 | 44296 |
| AT INC | COM | 00206R102 |  | 116442557 | 4123320 | SH |  | SOLE |  | 0 | 0 | 4123320 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 205450 | 700 | SH |  | SOLE |  | 0 | 0 | 700 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 251370 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 512107 | 8578 | SH |  | SOLE |  | 0 | 0 | 8578 |
| CATERPILLAR INC | COM | 149123101 |  | 13305805 | 27886 | SH |  | SOLE |  | 0 | 0 | 27886 |
| CHEVRON CORP NEW | COM | 166764100 |  | 543515 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| CISCO SYS INC | COM | 17275R102 |  | 249733 | 3650 | SH |  | SOLE |  | 0 | 0 | 3650 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 68308715 | 5599075 | SH |  | SOLE |  | 0 | 0 | 5599075 |
| COCA COLA CO | COM | 191216100 |  | 30269178 | 456411 | SH |  | SOLE |  | 0 | 0 | 456411 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2303871 | 28820 | SH |  | SOLE |  | 0 | 0 | 28820 |
| DEERE  CO | COM | 244199105 |  | 12833002 | 28065 | SH |  | SOLE |  | 0 | 0 | 28065 |
| DISNEY WALT CO | COM | 254687106 |  | 13360204 | 116683 | SH |  | SOLE |  | 0 | 0 | 116683 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 1247335 | 16012 | SH |  | SOLE |  | 0 | 0 | 16012 |
| ELI LILLY  CO | COM | 532457108 |  | 1628242 | 2134 | SH |  | SOLE |  | 0 | 0 | 2134 |
| EMERSON ELEC CO | COM | 291011104 |  | 3922807 | 29904 | SH |  | SOLE |  | 0 | 0 | 29904 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 7743670 | 68680 | SH |  | SOLE |  | 0 | 0 | 68680 |
| FORD MTR CO | COM | 345370860 |  | 25116000 | 2100000 | SH |  | SOLE |  | 0 | 0 | 2100000 |
| HOME DEPOT INC | COM | 437076102 |  | 1337127 | 3300 | SH |  | SOLE |  | 0 | 0 | 3300 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 490575 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 39427628 | 139735 | SH |  | SOLE |  | 0 | 0 | 139735 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 2886286 | 15215 | SH |  | SOLE |  | 0 | 0 | 15215 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 4142553 | 6900 | SH |  | SOLE |  | 0 | 0 | 6900 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 506091 | 7755 | SH |  | SOLE |  | 0 | 0 | 7755 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 693457 | 2866 | SH |  | SOLE |  | 0 | 0 | 2866 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 40089102 | 216207 | SH |  | SOLE |  | 0 | 0 | 216207 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 51600878 | 163589 | SH |  | SOLE |  | 0 | 0 | 163589 |
| LOWES COS INC | COM | 548661107 |  | 271415 | 1080 | SH |  | SOLE |  | 0 | 0 | 1080 |
| MCDONALDS CORP | COM | 580135101 |  | 3822632 | 12579 | SH |  | SOLE |  | 0 | 0 | 12579 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2052041 | 21546 | SH |  | SOLE |  | 0 | 0 | 21546 |
| MERCK  CO INC | COM | 58933Y105 |  | 11103268 | 132292 | SH |  | SOLE |  | 0 | 0 | 132292 |
| MICROSOFT CORP | COM | 594918104 |  | 15605316 | 30129 | SH |  | SOLE |  | 0 | 0 | 30129 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 1374733 | 10720 | SH |  | SOLE |  | 0 | 0 | 10720 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 335844 | 1800 | SH |  | SOLE |  | 0 | 0 | 1800 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 392052 | 4288 | SH |  | SOLE |  | 0 | 0 | 4288 |
| PEPSICO INC | COM | 713448108 |  | 379188 | 2700 | SH |  | SOLE |  | 0 | 0 | 2700 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4546504 | 29590 | SH |  | SOLE |  | 0 | 0 | 29590 |
| RTX CORPORATION | COM | 75513E101 |  | 3227796 | 19290 | SH |  | SOLE |  | 0 | 0 | 19290 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 11871810 | 345412 | SH |  | SOLE |  | 0 | 0 | 345412 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 538700 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| SHELL PLC | SPON ADS | 780259305 |  | 2757052 | 38544 | SH |  | SOLE |  | 0 | 0 | 38544 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 927480 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 7268690 | 10911 | SH |  | SOLE |  | 0 | 0 | 10911 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 1859732 | 31372 | SH |  | SOLE |  | 0 | 0 | 31372 |
| UNION PAC CORP | COM | 907818108 |  | 4579196 | 19373 | SH |  | SOLE |  | 0 | 0 | 19373 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 59286670 | 709765 | SH |  | SOLE |  | 0 | 0 | 709765 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 4614750 | 105000 | SH |  | SOLE |  | 0 | 0 | 105000 |
| WASHINGTON TR BANCORP INC | COM | 940610108 |  | 7248120 | 250800 | SH |  | SOLE |  | 0 | 0 | 250800 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 565534 | 6747 | SH |  | SOLE |  | 0 | 0 | 6747 |

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