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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 22 of 28  ·  549 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
421 MMS MAXIMUS INC COM Industrials 515.0 $33K +27.0 +5.5% $64.04 -13.0%
422 ACADIAN ASSET MANAGEMENT INC COM 599.0 $33K +25.0 +4.4% $54.43
423 CHCO CITY HLDG CO COM Financial Services 273.0 $33K +32.0 +13.3% $119.41 +6.5%
424 URI UNITED RENTALS INC COM Industrials 44.0 $32K +23.0 +109.5% $731.05 +47.3%
425 BFH BREAD FINANCIAL HOLDINGS INC COM Financial Services 413.0 $31K +23.0 +5.9% $74.91 +36.7%
426 BBCA J P MORGAN EXCHANGE TRADED F BETABUILDERS CDA 323.0 $30K +87.0 +36.9% $94.16 +6.3%
427 ATRO ASTRONICS CORP COM Industrials 451.0 $30K +27.0 +6.4% $66.73 +20.7%
428 MAA MID-AMER APT CMNTYS INC COM Real Estate 245.0 $30K +115.0 +88.5% $122.29 +8.3%
429 IHG INTERCONTINENTAL HOTELS GROU SPONSORED ADS Consumer Cyclical 222.0 $30K +5.0 +2.3% $133.15 +28.4%
430 IQVIA HLDGS INC COM 172.0 $29K +124.0 +258.3% $170.54
431 FJP FIRST TR EXCH TRD ALPHDX FD JAPAN ALPHADEX 394.0 $29K +161.0 +69.1% $72.62 +8.4%
432 HEI HEICO CORP NEW COM Industrials 104.0 $29K +84.0 +420.0% $274.20 +22.9%
433 TDC TERADATA CORP DEL COM Technology 1,105.0 $28K +306.0 +38.3% $25.63 +20.5%
434 PRI PRIMERICA INC COM Financial Services 111.0 $28K +14.0 +14.4% $251.00 +12.3%
435 REZI RESIDEO TECHNOLOGIES INC COM Industrials 824.0 $28K +73.0 +9.7% $33.71 -5.3%
436 PCVX VAXCYTE INC COM Healthcare 475.0 $28K +69.0 +17.0% $58.11 -11.5%
437 FBT FIRST TR EXCHANGE-TRADED FD NY ARCA BIOTECH 137.0 $28K +59.0 +75.6% $200.82 +13.9%
438 SMBK SMARTFINANCIAL INC COM NEW Financial Services 686.0 $27K +103.0 +17.7% $39.08 +14.3%
439 SMFG SUMITOMO MITSUI FIN GRP INC SPONSORED ADR Financial Services 1,324.0 $26K +1K +2307.3% $19.75 +27.7%
440 FEP FIRST TR EXCH TRD ALPHDX FD EUROPE ALPHADEX 473.0 $26K +210.0 +79.8% $54.66 +6.2%
Page 22 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%