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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 17 of 22  ·  439 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
321 WBD WARNER BROS DISCOVERY INC COM SER A Communication Services 649.0 $18K -51.0 -7.3% $27.46 -4.6%
322 ONON ON HLDG AG NAMEN AKT A Consumer Cyclical 522.0 $18K -18.0 -3.3% $34.02 +14.3%
323 OHI OMEGA HEALTHCARE INVS INC COM Real Estate 394.0 $17K -560.0 -58.7% $43.80 +1.7%
324 RELX RELX PLC SPONSORED ADR Communication Services 506.0 $17K -3K -86.2% $33.14 -5.9%
325 GTO INVESCO ACTIVELY MANAGED EXC TOTAL RETURN 358.0 $17K -6K -94.3% $46.80 +0.4%
326 FISV FISERV INC COM Technology 289.0 $16K -168.0 -36.8% $55.80 -14.2%
327 SFM SPROUTS FMRS MKT INC COM Consumer Defensive 203.0 $16K -3.0 -1.5% $77.13 +4.4%
328 KDP KEURIG DR PEPPER INC COM Consumer Defensive 587.0 $15K -74.0 -11.2% $26.32 +16.9%
329 WTW WILLIS TOWERS WATSON PLC LTD SHS Financial Services 52.0 $15K -14.0 -21.2% $292.21 -12.7%
330 RIVN RIVIAN AUTOMOTIVE INC COM CL A Consumer Cyclical 1,000.0 $15K -13.0 -1.3% $15.05 +9.8%
331 THOMSON REUTERS CORP COM 167.0 $15K -139.0 -45.4% $90.06
332 GLOB GLOBANT S A COM Technology 319.0 $15K -98.0 -23.5% $46.11 -33.3%
333 ODFL OLD DOMINION FREIGHT LINE IN COM Industrials 75.0 $15K -1.0 -1.3% $196.07 +12.7%
334 SWK STANLEY BLACK & DECKER INC COM Industrials 203.0 $14K -39.0 -16.1% $70.96 +22.3%
335 BROWN FORMAN CORP CL B 532.0 $14K -570.0 -51.7% $26.44
336 PII POLARIS INC COM Consumer Cyclical 250.0 $14K -250.0 -50.0% $54.50 +30.9%
337 EFV ISHARES TR EAFE VALUE ETF 176.0 $13K -19K -99.1% $74.35 +3.1%
338 VTRS VIATRIS INC COM Healthcare 968.0 $13K -32.0 -3.2% $13.51 +13.7%
339 HMC HONDA MOTOR CO LTD ADR ECH CNV IN 3 Consumer Cyclical 500.0 $12K -7.0 -1.4% $24.31 +8.0%
340 LNC LINCOLN NATL CORP IND COM Financial Services 334.0 $12K -4K -92.8% $35.50 +4.7%
Page 17 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%