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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 11 of 22  ·  439 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 ADSK AUTODESK INC COM Technology 842.0 $202K 0.00% -441.0 -34.4% $239.40 -19.0%
202 HQY HEALTHEQUITY INC COM Healthcare 2,386.0 $199K 0.00% -432.0 -15.3% $83.57 +2.0%
203 KHC KRAFT HEINZ CO COM Consumer Defensive 8,764.0 $197K 0.00% -2K -19.4% $22.49 +1.5%
204 IRM IRON MTN INC DEL COM Real Estate 1,904.0 $195K 0.00% -165.0 -8.0% $102.17 +25.1%
205 FDRR FIDELITY COVINGTON TRUST DIVID ETF RISI 3,244.0 $191K 0.00% -177.0 -5.2% $58.81 +11.0%
206 FITB FIFTH THIRD BANCORP COM Financial Services 4,052.0 $188K 0.00% -209.0 -4.9% $46.46 +13.5%
207 JAAA JANUS DETROIT STR TR HENDRSON AAA CL 3,564.0 $180K 0.00% -3K -46.0% $50.38 +0.5%
208 VGT VANGUARD WORLD FD INF TECH ETF 249.0 $174K 0.00% -15.0 -5.7% $698.38 -82.8%
209 AAON AAON INC COM PAR $0.004 Industrials 2,100.0 $174K 0.00% -715.0 -25.4% $82.75 +65.2%
210 EA ELECTRONIC ARTS INC COM Communication Services 844.0 $172K 0.00% -60.0 -6.6% $203.91 -0.9%
211 TM TOYOTA MOTOR CORP ADS Consumer Cyclical 835.0 $172K 0.00% -15.0 -1.8% $206.09 -15.6%
212 BP BP PLC SPONSORED ADR Energy 3,623.0 $170K 0.00% -3K -45.8% $47.00 -16.8%
213 CFG CITIZENS FINL GROUP INC COM Financial Services 2,721.0 $163K 0.00% -2K -36.1% $59.98 +11.8%
214 FFIN FIRST FINL BANKSHARES INC COM Financial Services 5,362.0 $158K 0.00% -34K -86.5% $29.45 +11.3%
215 STZ CONSTELLATION BRANDS INC CL A Consumer Defensive 1,044.0 $157K 0.00% -84.0 -7.5% $149.96 -5.9%
216 NRG NRG ENERGY INC COM NEW Utilities 1,021.0 $149K 0.00% -25.0 -2.4% $146.08 -7.5%
217 SYF SYNCHRONY FINANCIAL COM Financial Services 1,961.0 $133K 0.00% -34.0 -1.7% $68.02 +10.7%
218 XPO XPO INC COM Industrials 682.0 $133K 0.00% -36.0 -5.0% $194.55 +2.5%
219 UAL UNITED AIRLS HLDGS INC COM Industrials 1,416.0 $130K 0.00% -247.0 -14.8% $92.07 +28.5%
220 FCX FREEPORT MCMORAN INC CL B Basic Materials 2,210.0 $130K 0.00% -112.0 -4.8% $58.78 +16.8%
Page 11 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%