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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 5 of 7  ·  136 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 TLH ISHARES TR 10-20 YR TRS ETF 89.0 $9K NEW $100.72 -0.2%
82 RJF RAYMOND JAMES FINL INC COM Financial Services 56.0 $8K NEW $144.79 +7.6%
83 VCR VANGUARD WORLD FD CONSUM DIS ETF 22.0 $8K NEW $359.59 +9.7%
84 AIQ GLOBAL X FDS ARTIFICIAL ETF 165.0 $8K NEW $46.67 +43.1%
85 ICLO INVESCO ACTIVELY MANAGED EXC AAA CLO FLTNG RT 277.0 $7K NEW $25.53 +0.5%
86 BINC BLACKROCK ETF TRUST II ISHARES FLEXIBLE 121.0 $6K NEW $51.93 +0.7%
87 BAI BLACKROCK ETF TRUST ISHARES A I INNO 188.0 $6K NEW $32.95 +61.4%
88 XSW SPDR SERIES TRUST STATE STREET SPD 42.0 $6K NEW $142.29 +14.2%
89 GDX VANECK ETF TRUST GOLD MINERS ETF 64.0 $6K NEW $91.77 -10.1%
90 LUMN LUMEN TECHNOLOGIES INC COM Communication Services 793.0 $6K NEW $6.95 +18.0%
91 THRO BLACKROCK ETF TRUST ISHARES US THEMA 150.0 $5K NEW $36.23 +19.3%
92 JAJL INNOVATOR ETFS TRUST EQUITY DEFINED P 180.0 $5K NEW $29.07 +2.7%
93 COPX GLOBAL X FDS GLOBAL X COPPER 67.0 $5K NEW $76.34 +12.0%
94 INNOVATOR ETFS TRUST EQUITY DEFINED P 200.0 $5K NEW $25.54
95 RTO RENTOKIL INITIAL PLC SPONSORED ADR Industrials 139.0 $4K NEW $31.48 -9.5%
96 VDE VANGUARD WORLD FD ENERGY ETF 23.0 $4K NEW $173.87 -12.7%
97 CACI CACI INTL INC CL A Technology 7.0 $4K NEW $543.86 -14.2%
98 LENNAR CORP CL B 43.0 $4K NEW $84.12
99 FTSL FIRST TR EXCHANGE-TRADED FD SENIOR LN FD 80.0 $4K NEW $44.80 +0.4%
100 ULS UL SOLUTIONS INC CLASS A COM SHS Industrials 39.0 $3K NEW $85.72 +6.6%
Page 5 of 7  ·  136 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%