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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 4 of 28  ·  549 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 FAST FASTENAL CO COM Industrials 330,542.0 $15.3M 0.17% +4K +1.4% $46.40 -1.1%
62 SBUX STARBUCKS CORP COM Consumer Cyclical 169,647.0 $15.2M 0.17% +27K +18.9% $89.59 +12.3%
63 CARR CARRIER GLOBAL CORPORATION COM Industrials 269,294.0 $15.2M 0.17% +64K +30.9% $56.31 +27.5%
64 MPWR MONOLITHIC PWR SYS INC COM Technology 13,755.0 $15.0M 0.17% +441.0 +3.3% $1093.34 +43.0%
65 QSR RESTAURANT BRANDS INTL INC COM Consumer Cyclical 198,014.0 $14.6M 0.17% +38K +23.9% $73.90 -0.6%
66 J JACOBS SOLUTIONS INC COM Industrials 108,164.0 $13.8M 0.16% +4K +3.6% $127.28 -5.0%
67 PEP PEPSICO INC COM Consumer Defensive 88,321.0 $13.7M 0.16% +1K +1.2% $155.29 -8.5%
68 REGCO REGENCY CTRS CORP COM Real Estate 179,957.0 $13.6M 0.15% +4K +2.1% $75.66 -70.3%
69 CRM SALESFORCE INC COM Technology 70,446.0 $13.2M 0.15% +6K +8.8% $186.67 -18.7%
70 KRE SPDR SERIES TRUST STATE STREET SPD 190,433.0 $12.4M 0.14% +25K +14.8% $65.15 +10.1%
71 TT TRANE TECHNOLOGIES PLC SHS Industrials 29,769.0 $12.4M 0.14% +606.0 +2.1% $416.73 +16.0%
72 OMC OMNICOM GROUP INC COM Communication Services 164,606.0 $12.4M 0.14% +6K +3.8% $75.31 -5.3%
73 H HYATT HOTELS CORP COM CL A Consumer Cyclical 85,734.0 $12.3M 0.14% +2K +1.8% $143.79 +40.5%
74 ASML ASML HLDG NV N Y REGISTRY SHS Technology 9,316.0 $12.3M 0.14% +352.0 +3.9% $1320.76 +46.1%
75 EQT EQT CORP COM Energy 188,508.0 $12.0M 0.14% +2K +1.2% $63.64 -20.3%
76 RCL ROYAL CARIBBEAN GROUP COM Consumer Cyclical 43,484.0 $12.0M 0.14% +3K +6.2% $275.18 +13.6%
77 PANW PALO ALTO NETWORKS INC COM Technology 73,757.0 $11.8M 0.13% +8K +12.2% $160.32 +79.5%
78 GD GENERAL DYNAMICS CORP COM Industrials 34,401.0 $11.8M 0.13% +4K +11.4% $343.22 +2.0%
79 NVO NOVO-NORDISK A S ADR Healthcare 319,046.0 $11.7M 0.13% +152K +90.6% $36.75 +17.5%
80 AMT AMERICAN TOWER CORP COM Real Estate 66,422.0 $11.5M 0.13% +4K +6.1% $172.58 +2.0%
Page 4 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%