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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 8 of 22  ·  439 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 JCI JOHNSON CONTROLS INTERNATION SHS Industrials 5,472.0 $717K 0.01% -116.0 -2.1% $130.95 +10.6%
142 AVY AVERY DENNISON CORP COM Industrials 4,003.0 $691K 0.01% -318.0 -7.4% $172.68 -8.1%
143 NOC NORTHROP GRUMMAN CORP COM Industrials 1,009.0 $689K 0.01% -44.0 -4.2% $682.53 -23.6%
144 O REALTY INCOME CORP COM Real Estate 10,848.0 $664K 0.01% -4K -25.4% $61.18 -1.5%
145 HSY HERSHEY CO COM Consumer Defensive 3,181.0 $661K 0.01% -2K -42.7% $207.87 -17.0%
146 DE DEERE & CO COM Industrials 1,148.0 $647K 0.01% -58.0 -4.8% $563.21 +4.6%
147 SYY SYSCO CORP COM Consumer Defensive 8,890.0 $634K 0.01% -719.0 -7.5% $71.33 +10.3%
148 GEHC GE HEALTHCARE TECHNOLOGIES I COMMON STOCK Healthcare 8,743.0 $622K 0.01% -5K -36.9% $71.18 -13.5%
149 WDAY WORKDAY INC CL A Technology 4,708.0 $612K 0.01% -65K -93.3% $129.92 -10.0%
150 JBL JABIL INC COM Technology 2,217.0 $589K 0.01% -2K -45.7% $265.57 +40.0%
151 AEE AMEREN CORP COM Utilities 5,283.0 $581K 0.01% -158.0 -2.9% $109.93 -1.1%
152 PKG PACKAGING CORP AMER COM Consumer Cyclical 2,636.0 $559K 0.01% -84.0 -3.1% $212.25 +7.9%
153 ALC ALCON AG ORD SHS Healthcare 7,361.0 $555K 0.01% -176.0 -2.3% $75.35 -14.2%
154 CUBE CUBESMART COM Real Estate 14,448.0 $530K 0.01% -25K -63.6% $36.65 +10.8%
155 WCN WASTE CONNECTIONS INC COM Industrials 3,150.0 $512K 0.01% -113.0 -3.5% $162.44 -5.2%
156 EOSE EOS ENERGY ENTERPRISES INC COM CL A Industrials 100,000.0 $496K 0.01% -30K -23.1% $4.96 +54.2%
157 ARCC ARES CAPITAL CORP COM Financial Services 27,231.0 $491K 0.01% -5K -15.6% $18.02 +0.1%
158 WY WEYERHAEUSER CO COM NEW Real Estate 19,852.0 $485K 0.01% -493.0 -2.4% $24.43 -0.5%
159 BDX BECTON DICKINSON & CO COM Healthcare 3,045.0 $479K 0.01% -223.0 -6.8% $157.25 -8.4%
160 WMB WILLIAMS COS INC COM Energy 6,478.0 $471K 0.01% -956.0 -12.9% $72.78 +0.5%
Page 8 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%