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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 6 of 7  ·  136 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 LSTR LANDSTAR SYS INC COM Industrials 20.0 $3K NEW $160.75 +29.0%
102 DFIN DONNELLEY FINL SOLUTIONS INC COM Financial Services 67.0 $3K NEW $47.13 -17.0%
103 FNDX SCHWAB STRATEGIC TR FUNDAMENTAL US L 72.0 $2K NEW $27.96 +11.1%
104 ITA ISHARES TR US AER DEF ETF 9.0 $2K NEW $218.89 +9.2%
105 PIPR PIPER SANDLER COMPANIES COM NEW ADDED Financial Services 25.0 $2K NEW $75.52 +8.3%
106 CRCL CIRCLE INTERNET GROUP INC COM CL A Financial Services 18.0 $2K NEW $95.39 -15.9%
107 ALHC ALIGNMENT HEALTHCARE INC COM Healthcare 93.0 $2K NEW $17.62 +24.0%
108 VPU VANGUARD WORLD FD UTILITIES ETF 8.0 $2K NEW $199.25 -2.7%
109 COOK TRAEGER INC COM NEW ADDED Consumer Cyclical 50.0 $1K NEW $29.00 +149.2%
110 BELFB BEL FUSE INC CL B Technology 7.0 $1K NEW $198.00 +49.7%
111 IGV ISHARES TR EXPANDED TECH 15.0 $1K NEW $80.07 +11.3%
112 LE LANDS END INC NEW COM Consumer Cyclical 99.0 $1K NEW $11.24 +10.7%
113 RKT ROCKET COS INC COM CL A Financial Services 72.0 $1K NEW $14.25 +1.2%
114 TKO TKO GROUP HOLDINGS INC CL A Communication Services 4.0 $807.0 NEW $201.75 -1.5%
115 APA APA CORPORATION COM Energy 18.0 $764.0 NEW $42.44 -22.2%
116 TARS TARSUS PHARMACEUTICALS INC COM Healthcare 6.0 $421.0 NEW $70.17 -10.0%
117 QIAGEN NV ORD SHARES ADDED 9.0 $344.0 NEW $38.22
118 IREN IREN LIMITED ORDINARY SHARES Financial Services 10.0 $343.0 NEW $34.30 +74.8%
119 DNLI DENALI THERAPEUTICS INC COM Healthcare 10.0 $192.0 NEW $19.20 +21.4%
120 OKLO OKLO INC COM CL A Utilities 3.0 $149.0 NEW $49.67 +23.2%
Page 6 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%