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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 10 of 22  ·  439 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 UNILEVER PLC SPON ADR NEW 5,212.0 $297K 0.00% -835.0 -13.8% $56.97
182 BLDR BUILDERS FIRSTSOURCE INC COM Industrials 3,557.0 $293K 0.00% -40K -91.9% $82.33 -2.1%
183 SUB ISHARES TR SHRT NAT MUN ETF 2,714.0 $289K 0.00% -2K -39.3% $106.48 +0.1%
184 MUB ISHARES TR NATIONAL MUN ETF 2,681.0 $285K 0.00% -53K -95.2% $106.14 +1.1%
185 PGX INVESCO EXCH TRADED FD TR II PFD ETF 25,732.0 $280K 0.00% -500.0 -1.9% $10.88 +1.0%
186 EOG EOG RES INC COM Energy 1,915.0 $277K 0.00% -4K -65.8% $144.57 -10.1%
187 OTIS OTIS WORLDWIDE CORP COM Industrials 3,520.0 $271K 0.00% -68.0 -1.9% $77.07 -4.9%
188 WMG WARNER MUSIC GROUP CORP COM CL A Communication Services 10,592.0 $271K 0.00% -5K -32.1% $25.54 +10.3%
189 BHP BHP BILLITON LIMITED SPONSORED ADS Basic Materials 3,713.0 $270K 0.00% -238.0 -6.0% $72.74 +20.8%
190 LNT ALLIANT ENERGY CORP COM Utilities 3,690.0 $265K 0.00% -4K -52.5% $71.76 +1.7%
191 RWR SPDR SERIES TRUST STATE STREET SPD 2,621.0 $265K 0.00% -22.0 -0.8% $100.99 +9.4%
192 PFLD ETF SER SOLUTIONS AAM LW DUR PFD 13,401.0 $259K 0.00% -5K -28.4% $19.36 +1.7%
193 RF REGIONS FINANCIAL CORP NEW COM Financial Services 9,700.0 $253K 0.00% -267.0 -2.7% $26.12 +9.6%
194 MSI MOTOROLA SOLUTIONS INC COM NEW Technology 570.0 $248K 0.00% -972.0 -63.0% $434.31 -9.0%
195 IAUM ISHARES GOLD TR SHARES REPRESENT Financial Services 5,215.0 $244K 0.00% -410.0 -7.3% $46.70 -10.0%
196 CF CF INDUSTRIES HOLD COM Basic Materials 1,866.0 $242K 0.00% -177.0 -8.7% $129.84 -20.7%
197 WEC WEC ENERGY GROUP INC COM Utilities 2,051.0 $237K 0.00% -186.0 -8.3% $115.79 -3.1%
198 PYPL PAYPAL HLDGS INC COM Financial Services 4,874.0 $220K 0.00% -898.0 -15.6% $45.23 -6.0%
199 LITE LUMENTUM HLDGS INC COM Technology 300.0 $211K 0.00% -200.0 -40.0% $702.76 +21.0%
200 FIX COMFORT SYS USA INC COM Industrials 148.0 $204K 0.00% -13.0 -8.1% $1380.66 +42.5%
Page 10 of 22  ·  439 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%