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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 12 of 22  ·  439 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
221 CWB SPDR SERIES TRUST STATE STREET SPD 1,323.0 $121K 0.00% -9.0 -0.7% $91.54 +20.8%
222 TOTALENERGIES SE ACT 1,312.0 $119K 0.00% -182.0 -12.2% $90.98
223 FLEX FLEXTRONICS INTL LTD ORD Technology 1,792.0 $117K 0.00% -515.0 -22.3% $65.46 +125.5%
224 VICI VICI PPTYS INC COM Real Estate 4,234.0 $116K 0.00% -512.0 -10.8% $27.32 -3.8%
225 ILMN ILLUMINA INC COM Healthcare 930.0 $115K 0.00% -68.0 -6.8% $123.26 +31.4%
226 AEM AGNICO EAGLE MINES LTD COM Basic Materials 554.0 $112K 0.00% -241.0 -30.3% $202.99 -17.9%
227 VPL VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 1,150.0 $112K 0.00% -2K -63.9% $97.72 +23.2%
228 SNY SANOFI SA SPONSORED ADR Healthcare 2,327.0 $112K 0.00% -78.0 -3.2% $48.18 -12.0%
229 EEMA ISHARES INC MSCI EM ASIA ETF 1,167.0 $112K 0.00% -2K -61.8% $95.72 +26.0%
230 WELL WELLTOWER INC COM Real Estate 556.0 $110K 0.00% -36.0 -6.1% $197.85 +4.4%
231 ROIV ROIVANT SCIENCES LTD SHS Healthcare 3,869.0 $107K 0.00% -831.0 -17.7% $27.70 +13.5%
232 ED CONSOLIDATED EDISON INC COM Utilities 909.0 $103K 0.00% -102.0 -10.1% $113.23 -6.1%
233 KEX KIRBY CORP COM Industrials 761.0 $101K 0.00% -1K -57.2% $132.88 +5.8%
234 SRE SEMPRA COM Utilities 1,039.0 $101K 0.00% -411.0 -28.3% $97.19 -6.7%
235 MCHP MICROCHIP TECHNOLOGY INC. COM Technology 1,512.0 $98K 0.00% -294.0 -16.3% $64.63 +54.4%
236 RPRX ROYALTY PHARMA PLC SHS CLASS A Healthcare 2,016.0 $97K 0.00% -544K -99.6% $47.97 +10.4%
237 BOND PIMCO ETF TR ACTIVE BD ETF 1,045.0 $96K 0.00% -743.0 -41.5% $92.31 -0.3%
238 PINS PINTEREST INC CL A Communication Services 5,229.0 $96K 0.00% -3K -38.9% $18.34 +10.5%
239 MTZ MASTEC INC COM Industrials 294.0 $95K 0.00% -454.0 -60.7% $321.74 +18.0%
240 A AGILENT TECHNOLOGIES INC COM Healthcare 826.0 $94K 0.00% -48.0 -5.5% $114.04 +11.4%
Page 12 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%