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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 20 of 28  ·  549 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
381 NVT NVENT ELEC PLC SHS Industrials 413.0 $49K 0.00% +96.0 +30.3% $118.16 +49.8%
382 FEM FIRST TR EXCH TRD ALPHDX FD EMERG MKT ALPH 1,626.0 $49K 0.00% +964.0 +145.6% $29.96 +8.9%
383 HUBB HUBBELL INC COM Industrials 99.0 $48K 0.00% +23.0 +30.3% $489.03 +7.1%
384 AFRM AFFIRM HLDGS INC COM CL A Technology 1,042.0 $48K 0.00% +38.0 +3.8% $45.82 +61.3%
385 SPYM SPDR SERIES TRUST STATE STREET SPD 619.0 $47K 0.00% +500.0 +420.2% $76.48 +14.9%
386 CENTA CENTRAL GARDEN & PET CO CL A NON-VTG Consumer Defensive 1,404.0 $46K 0.00% +92.0 +7.0% $32.42 +16.5%
387 IP INTERNATIONAL PAPER CO COM Consumer Cyclical 1,234.0 $44K 0.00% +118.0 +10.6% $35.69 +3.2%
388 HL HECLA MINING COMPANY COM Basic Materials 2,326.0 $43K +221.0 +10.5% $18.63 -14.3%
389 FIXD FIRST TR EXCHNG TRADED FD VI SMITH OPPORT FXD 990.0 $43K +380.0 +62.3% $43.60 +0.3%
390 FMF FIRST TR EXCHANGE-TRADED FD MNGD FUTRS STRGY 850.0 $43K +236.0 +38.4% $50.60 +0.1%
391 FTAI AVIATION LTD SHS 175.0 $43K +155.0 +775.0% $245.07
392 FIIG FIRST TR EXCHANGE-TRADED FD INTERMEDIATE DUR 2,036.0 $42K +407.0 +25.0% $20.75 -0.0%
393 BJ BJS WHSL CLUB HLDGS INC COM Consumer Defensive 426.0 $42K +138.0 +47.9% $98.42 -13.4%
394 GWRE GUIDEWIRE SOFTWARE INC COM Technology 275.0 $41K +68.0 +32.9% $149.56 -27.9%
395 SFST SOUTHERN FIRST BANCSHARES COM Financial Services 751.0 $41K +85.0 +12.8% $54.50 +6.5%
396 SAIC SCIENCE APPLICATIONS INTL CO COM Technology 430.0 $41K +419.0 +3809.1% $94.92 +7.9%
397 DLX DELUXE CORP MEDIUM TERM NTS COM Communication Services 1,468.0 $40K +16.0 +1.1% $27.54 -16.7%
398 SOLV SOLVENTUM CORP COM SHS Healthcare 610.0 $40K +115.0 +23.2% $65.30 +15.5%
399 UNFI UNITED NAT FOODS INC COM Consumer Defensive 881.0 $40K +115.0 +15.0% $45.06 +14.8%
400 BBEU J P MORGAN EXCHANGE TRADED F BETABUILDERS EUR 545.0 $39K +151.0 +38.3% $72.41 +8.4%
Page 20 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%