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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 22 of 22  ·  439 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
421 APAM ARTISAN PARTNERS ASSET MGMT CL A Financial Services 8.0 $278.0 -586.0 -98.7% $34.75 +3.3%
422 PHR PHREESIA INC COM Healthcare 33.0 $277.0 -509.0 -93.9% $8.39 +11.7%
423 MDB MONGODB INC CL A Technology 1.0 $245.0 -168.0 -99.4% $245.00 +35.8%
424 CMBS ISHARES TR CMBS ETF 5.0 $237.0 -7K -99.9% $47.40 +2.4%
425 FREL FIDELITY COVINGTON TRUST MSCI RL EST ETF 4.0 $101.0 -979.0 -99.6% $25.25 +13.9%
426 TBLL INVESCO EXCH TRADED FD TR II SHORT TERM TREAS 1.0 $98.0 -674.0 -99.8% $98.00 +7.9%
427 SPCE VIRGIN GALACTIC HOLDINGS INC COM NEW Industrials 37.0 $90.0 -13.0 -26.0% $2.43 +46.4%
428 GLNG GOLAR LNG LTD SHS Energy $19.0 -100.0%
429 ORC ORCHID IS CAP INC COM NEW Real Estate 2.0 $11.0 -54.0 -96.4% $5.50 +21.8%
430 LEG LEGGETT & PLATT INC COM Consumer Cyclical 1.0 $10.0 -1K -99.9% $10.00 +9.9%
431 HBAN HUNTINGTON BANCSHARES INC COM Financial Services 1.0 $9.0 -16K -100.0% $9.00 +87.3%
432 PKST PEAKSTONE REALTY TRUST COMMON SHARES Real Estate $8.0 -100.0%
433 NLOP NET LEASE OFFICE PROPERTIES COM Real Estate $4.0 -100.0%
434 VC VISTEON CORP COM NEW Consumer Cyclical $4.0 -100.0%
435 RNGR RANGER ENERGY SVCS INC COM CL A Energy $2.0 -100.0%
436 SFBS SERVISFIRST BANCSHARES INC COM Financial Services $2.0 -100.0%
437 TNET TRINET GROUP INC COM Industrials $2.0 -100.0%
438 IIIN INSTEEL INDS INC COM Industrials $1.0 -100.0%
439 M MACYS INC COM Consumer Cyclical -100.0%
Page 22 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%