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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 7 of 22  ·  439 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 SSNC SS&C TECH HLDGS COM Technology 16,320.0 $1.1M 0.01% -951.0 -5.5% $67.57 -3.2%
122 FCOR FIDELITY MERRIMACK STR TR CORP BOND ETF 22,591.0 $1.1M 0.01% -3K -12.7% $47.13 +0.3%
123 XLP SELECT SECTOR SPDR TR STATE STREET CON 12,958.0 $1.1M 0.01% -2K -12.3% $81.98 +1.6%
124 WTRG ESSENTIAL UTILS INC COM Utilities 24,678.0 $994K 0.01% -1K -4.2% $40.27 -8.9%
125 IWN ISHARES TR RUS 2000 VAL ETF 5,127.0 $972K 0.01% -3K -34.1% $189.57 +14.4%
126 EPD ENTERPRISE PRODS PARTNERS L COM Energy 25,208.0 $954K 0.01% -2K -8.6% $37.84 -3.3%
127 DFAU DIMENSIONAL ETF TRUST US CORE EQT MKT 20,994.0 $947K 0.01% -3K -13.8% $45.12 +14.7%
128 EW EDWARDS LIFESCIENCES CORP COM Healthcare 11,789.0 $944K 0.01% -3K -20.1% $80.08 +9.1%
129 BUD ANHEUSER BUSCH INBEV SA NV SPONSORED ADR Consumer Defensive 13,557.0 $940K 0.01% -1K -7.2% $69.37 +16.4%
130 VIG VANGUARD SPECIALIZED FUNDS DIV APP ETF 4,088.0 $879K 0.01% -10K -71.5% $215.08 +9.3%
131 TIP ISHARES TR TIPS BD ETF 7,958.0 $878K 0.01% -248.0 -3.0% $110.36 -0.9%
132 MLM MARTIN MARIETTA MATLS INC COM Basic Materials 1,465.0 $862K 0.01% -52.0 -3.4% $588.54 +3.5%
133 SO SOUTHERN CO COM Utilities 8,828.0 $852K 0.01% -4K -32.6% $96.52 -3.6%
134 ET ENERGY TRANSFER L P COM UT LTD PTN Energy 42,817.0 $826K 0.01% -3K -6.3% $19.30 -2.8%
135 IYR ISHARES TR U.S. REAL ES ETF 8,410.0 $795K 0.01% -148.0 -1.7% $94.56 +6.2%
136 CNH INDL N V SHS 70,186.0 $772K 0.01% -1K -2.0% $11.00
137 TFC TRUIST FINL CORP COM Financial Services 16,775.0 $771K 0.01% -2K -8.5% $45.97 +5.1%
138 SONY SONY GROUP CORP SPONSORED ADR Technology 37,034.0 $767K 0.01% -265K -87.8% $20.70 -1.8%
139 SPYV SPDR SERIES TRUST STATE STREET SPD 13,413.0 $759K 0.01% -11K -46.1% $56.58 +7.6%
140 PCAR PACCAR INC COM Industrials 6,254.0 $722K 0.01% -83K -93.0% $115.51 +3.0%
Page 7 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%