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Portfolio (Quarterly) Guide ↗

Cullen/Frost Bankers, Inc.

· CIK 0000039263
13F Portfolio $8.8B AUM 1,393 positions Filed May 5, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 136 New 549 Added 439 Reduced 192 Exited
Page 14 of 28  ·  549 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
261 CEG CONSTELLATION ENERGY CORP COM Utilities 927.0 $259K 0.00% +429.0 +86.1% $279.13 -1.8%
262 FNF FIDELITY NATL FINL INC COM SHS Financial Services 5,557.0 $258K 0.00% +118.0 +2.2% $46.38 +0.9%
263 WDC WESTERN DIGITAL CORP COM Technology 953.0 $258K 0.00% +126.0 +15.2% $270.41 +176.0%
264 MET METLIFE INC COM Financial Services 3,627.0 $257K 0.00% +529.0 +17.1% $70.72 +21.0%
265 SPHY SPDR SERIES TRUST STATE STREET SPD 10,931.0 $255K 0.00% +361.0 +3.4% $23.32 +0.5%
266 SPDW SPDR INDEX SHS FDS STATE STREET SPD 5,544.0 $253K 0.00% +64.0 +1.2% $45.65 +13.5%
267 FIDELITY COVINGTON TRUST MSCI HLTH CARE I 3,549.0 $250K 0.00% +2K +125.5% $70.36
268 FUTY FIDELITY COVINGTON TRUST MSCI UTILS INDEX 4,216.0 $249K 0.00% +2K +107.9% $59.07 -2.7%
269 REGL PROSHARES TR S&P MDCP 400 DIV 2,855.0 $247K 0.00% +17.0 +0.6% $86.40 +4.2%
270 MBB ISHARES TR MBS ETF 2,586.0 $246K 0.00% +601.0 +30.3% $94.96 -0.5%
271 VOT VANGUARD INDEX FDS MCAP GR IDXVIP 948.0 $244K 0.00% +181.0 +23.6% $257.43 +18.9%
272 BAX BAXTER INTL INC COM Healthcare 14,484.0 $243K 0.00% +12K +403.4% $16.80 +18.4%
273 SNA SNAP ON INC COM Industrials 657.0 $239K 0.00% +4.0 +0.6% $363.17 +6.6%
274 ABNB AIRBNB INC COM CL A Consumer Cyclical 1,865.0 $236K 0.00% +246.0 +15.2% $126.28 +12.8%
275 GRMN GARMIN LTD SHS Technology 1,004.0 $233K 0.00% +66.0 +7.0% $232.11 +0.9%
276 TLTW ISHARES TR 20 YEAR TR BD 10,144.0 $229K 0.00% +1K +15.2% $22.62 -1.0%
277 CDNS CADENCE DESIGN SYSTEM INC COM Technology 804.0 $223K 0.00% +101.0 +14.4% $277.87 +39.4%
278 APP APPLOVIN CORP COM CL A Technology 556.0 $221K 0.00% +156.0 +39.0% $398.00 +18.0%
279 QWLD SPDR INDEX SHS FDS STATE STREET SPD 1,536.0 $220K 0.00% +243.0 +18.8% $143.14 +5.4%
280 IDHQ INVESCO EXCH TRADED FD TR II S&P INTL QULTY 6,101.0 $216K 0.00% +733.0 +13.7% $35.37 +24.2%
Page 14 of 28  ·  549 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 31.6%
Financial Services 14.8%
Healthcare 10.5%
Communication Services 10.5%
Consumer Cyclical 9.9%
Industrials 6.8%
Consumer Defensive 6.2%
Energy 4.9%
Utilities 1.9%
Basic Materials 1.6%