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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 4 of 22  ·  439 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 ICF ISHARES TR SELECT US REIT 113,095.0 $7.0M 0.08% -5K -4.4% $61.89 +8.1%
62 CANADIAN PACIFIC KANSAS CITY COM 85,510.0 $6.7M 0.08% -7K -7.4% $78.66
63 XLK SELECT SECTOR SPDR TR STATE STREET TEC 46,973.0 $6.2M 0.07% -7K -12.6% $132.90 +44.0%
64 CAT CATERPILLAR INC COM Industrials 8,753.0 $6.2M 0.07% -1K -14.1% $708.43 +39.2%
65 INFL LISTED FDS TR HORIZON KINETICS 117,080.0 $6.1M 0.07% -6K -4.5% $52.06 -4.2%
66 BLK BLACKROCK INC COM Financial Services 6,125.0 $5.9M 0.07% -417.0 -6.4% $961.69 +9.2%
67 TLT ISHARES TR 20 YR TR BD ETF 67,206.0 $5.8M 0.07% -11K -13.6% $86.69 +0.1%
68 LMT LOCKHEED MARTIN CORP COM Industrials 9,597.0 $5.8M 0.07% -1K -9.8% $604.38 -15.5%
69 PFE PFIZER INC COM Healthcare 203,355.0 $5.7M 0.07% -8K -3.9% $28.08 -10.2%
70 TFI SPDR SERIES TRUST STATE STREET SPD 113,128.0 $5.1M 0.06% -51K -31.0% $45.34 +0.7%
71 IWO ISHARES TR RUS 2000 GRW ETF 16,149.0 $5.1M 0.06% -312.0 -1.9% $313.81 +24.0%
72 SHM SPDR SERIES TRUST STATE STREET SPD 104,977.0 $5.0M 0.06% -42K -28.5% $47.83 +0.2%
73 MRVL MARVELL TECHNOLOGY INC COM Technology 48,856.0 $4.8M 0.06% -5K -8.7% $99.05 +213.6%
74 WFC WELLS FARGO & CO COM Financial Services 60,418.0 $4.8M 0.06% -701.0 -1.1% $79.61 +3.3%
75 GUNR FLEXSHARES TR MORNSTAR UPSTR 86,235.0 $4.8M 0.05% -4K -4.9% $55.16 -8.1%
76 RDDT REDDIT INC CL A Communication Services 31,827.0 $4.3M 0.05% -3K -9.4% $134.65 +29.9%
77 NEE NEXTERA ENERGY INC COM Utilities 45,989.0 $4.3M 0.05% -2K -4.8% $92.88 -6.6%
78 CFR CULLEN FROST BANKERS INC COM Financial Services 30,606.0 $4.2M 0.05% -12K -28.8% $137.08 +6.3%
79 GSK GSK PLC SPONSORED ADR Healthcare 66,530.0 $3.7M 0.04% -278K -80.7% $55.19 -8.2%
80 SHEL SHELL PLC SPON ADS Energy 37,752.0 $3.5M 0.04% -3K -7.6% $93.00 -15.3%
Page 4 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%