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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 6 of 22  ·  439 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 JNK SPDR SERIES TRUST STATE STREET SPD 19,528.0 $1.9M 0.02% -228.0 -1.1% $95.72 +0.7%
102 XLI SELECT SECTOR SPDR TR STATE STREET IND 11,374.0 $1.8M 0.02% -524.0 -4.4% $161.73 +11.9%
103 TSM TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS Technology 5,237.0 $1.8M 0.02% -105.0 -2.0% $337.97 +36.7%
104 PGR PROGRESSIVE CORP COM Financial Services 8,897.0 $1.8M 0.02% -44K -83.3% $198.24 +3.3%
105 IWS ISHARES TR RUS MDCP VAL ETF 11,760.0 $1.7M 0.02% -7K -38.9% $145.75 +11.8%
106 DUK DUKE ENERGY CORP NEW COM NEW Utilities 12,696.0 $1.7M 0.02% -2K -13.4% $130.93 -5.4%
107 ACGL ARCH CAP GROUP LTD ORD Financial Services 17,123.0 $1.6M 0.02% -195.0 -1.1% $95.99 -5.0%
108 BK BANK NEW YORK MELLON CORP COM Financial Services 13,476.0 $1.6M 0.02% -219.0 -1.6% $118.63 +20.1%
109 FDX FEDEX CORP COM Industrials 4,345.0 $1.5M 0.02% -355.0 -7.5% $356.15 -8.4%
110 SPHQ INVESCO EXCHANGE TRADED FD T S&P500 QUALITY 19,838.0 $1.5M 0.02% -387.0 -1.9% $75.19 +18.8%
111 XLY SELECT SECTOR SPDR TR STATE STREET CON 13,458.0 $1.5M 0.02% -1K -7.4% $108.98 +7.5%
112 NVS NOVARTIS AG SPONSORED ADR Healthcare 9,467.0 $1.4M 0.02% -55.0 -0.6% $152.76 -3.7%
113 PEG PUBLIC SVC ENTERPRISE GROUP COM Utilities 17,638.0 $1.4M 0.02% -792.0 -4.3% $80.95 -1.3%
114 WM WASTE MGMT INC DEL COM Industrials 6,075.0 $1.4M 0.02% -273.0 -4.3% $229.77 -6.6%
115 UBS UBS GROUP AG SHS Financial Services 31,469.0 $1.2M 0.01% -228.0 -0.7% $39.07 +30.0%
116 KR KROGER CO COM Consumer Defensive 16,546.0 $1.2M 0.01% -781.0 -4.5% $72.36 -21.8%
117 GLDM WORLD GOLD TR SPDR GLD MINIS Financial Services 12,787.0 $1.2M 0.01% -3K -18.3% $92.69 -10.0%
118 CBOE CBOE GLOBAL MKTS INC COM Financial Services 4,136.0 $1.2M 0.01% -1K -24.8% $281.04 -11.4%
119 IAGG ISHARES TR CORE INTL AGGR 23,084.0 $1.2M 0.01% -801.0 -3.4% $50.04 +1.0%
120 HAS HASBRO INC COM Consumer Cyclical 12,268.0 $1.1M 0.01% -371.0 -2.9% $93.60 -9.5%
Page 6 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%