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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 15 of 22  ·  439 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
281 AXON AXON ENTERPRISE INC COM Industrials 109.0 $46K 0.00% -46.0 -29.7% $424.69 -0.3%
282 DRI DARDEN RESTAURANTS INC COM Consumer Cyclical 231.0 $45K 0.00% -719.0 -75.7% $195.89 +9.0%
283 POWL POWELL INDS INC COM Industrials 80.0 $43K -1.0 -1.2% $543.11 -45.3%
284 EIX EDISON INTL COM Utilities 582.0 $43K -35.0 -5.7% $73.22 -1.8%
285 MEDP MEDPACE HLDGS INC COM Healthcare 87.0 $42K -122.0 -58.4% $480.20 -4.2%
286 CAG CONAGRA BRANDS INC COM Consumer Defensive 2,563.0 $40K -765.0 -23.0% $15.72 -16.0%
287 EXPD EXPEDITORS INTL WASH INC COM Industrials 266.0 $38K -98.0 -26.9% $143.09 +12.7%
288 CRWD CROWDSTRIKE HLDGS INC CL A Technology 97.0 $38K -16.0 -14.2% $390.41 +75.4%
289 ANNALY CAPITAL MANAGEMENT IN COM NEW 1,773.0 $37K -29.0 -1.6% $21.15
290 BLOCK INC CL A 619.0 $37K -186.0 -23.1% $60.18
291 FHN FIRST HORIZON CORPORATION COM Financial Services 1,621.0 $37K -2K -49.9% $22.76 +9.0%
292 KIM KIMCO REALTY CORP COM Real Estate 1,541.0 $35K -4K -71.5% $22.47 +8.5%
293 ICICI BANK LIMITED ADR 1,330.0 $34K -379.0 -22.2% $25.91
294 MTCH MATCH GROUP INC NEW COM Communication Services 1,112.0 $34K -132.0 -10.6% $30.71 +15.4%
295 DTE DTE ENERGY CO COM Utilities 225.0 $33K -4.0 -1.8% $145.99 +1.1%
296 LEIDOS HOLDINGS INC COM 207.0 $32K -174.0 -45.7% $155.43
297 SAN BANCO SANTANDER SA ADR Financial Services 2,806.0 $32K -131.0 -4.5% $11.28 +19.7%
298 HDB HDFC BANK LTD SPONSORED ADS Financial Services 1,258.0 $31K -1K -46.0% $24.88 +0.7%
299 EQIX EQUINIX INC COM Real Estate 31.0 $31K -110.0 -78.0% $991.10 +10.2%
300 GSHD GOOSEHEAD INS INC COM CL A Financial Services 715.0 $31K -2K -70.2% $42.66 -13.5%
Page 15 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%