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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 15 of 70  ·  1,393 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
281 DGRO ISHARES TR CORE DIV GRWTH 26,986.0 $1.9M 0.02% +431.0 +1.6% $70.18 +6.6%
282 BSM BLACK STONE MINERALS L P COM UNIT Energy 123,715.0 $1.9M 0.02% -20K -13.8% $15.12 -7.3%
283 JNK SPDR SERIES TRUST STATE STREET SPD 19,528.0 $1.9M 0.02% -228.0 -1.1% $95.72 +0.7%
284 XLI SELECT SECTOR SPDR TR STATE STREET IND 11,374.0 $1.8M 0.02% -524.0 -4.4% $161.73 +11.9%
285 CENCORA INC COM 5,651.0 $1.8M 0.02% +1K +29.2% $314.16
286 TSM TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS Technology 5,237.0 $1.8M 0.02% -105.0 -2.0% $337.97 +36.7%
287 PGR PROGRESSIVE CORP COM Financial Services 8,897.0 $1.8M 0.02% -44K -83.3% $198.24 +3.3%
288 FORTINET INC COM 21,543.0 $1.8M 0.02% +6K +36.3% $81.72
289 AMP AMERIPRISE FINL INC COM Financial Services 3,879.0 $1.7M 0.02% +114.0 +3.0% $444.43 +5.2%
290 IWS ISHARES TR RUS MDCP VAL ETF 11,760.0 $1.7M 0.02% -7K -38.9% $145.75 +11.8%
291 EXPE EXPEDIA GROUP INC COM NEW Consumer Cyclical 7,330.0 $1.7M 0.02% +2K +25.8% $230.89 +4.3%
292 DUK DUKE ENERGY CORP NEW COM NEW Utilities 12,696.0 $1.7M 0.02% -2K -13.4% $130.93 -5.4%
293 ACGL ARCH CAP GROUP LTD ORD Financial Services 17,123.0 $1.6M 0.02% -195.0 -1.1% $95.99 -5.0%
294 BNDX VANGUARD CHARLOTTE FDS TOTAL INT BD ETF 33,917.0 $1.6M 0.02% +2K +7.0% $48.05 +0.6%
295 FDVV FIDELITY COVINGTON TRUST HIGH DIVID ETF 28,987.0 $1.6M 0.02% +3K +10.4% $55.24 +9.7%
296 BK BANK NEW YORK MELLON CORP COM Financial Services 13,476.0 $1.6M 0.02% -219.0 -1.6% $118.63 +20.1%
297 FDX FEDEX CORP COM Industrials 4,345.0 $1.5M 0.02% -355.0 -7.5% $356.15 -8.4%
298 SPHQ INVESCO EXCHANGE TRADED FD T S&P500 QUALITY 19,838.0 $1.5M 0.02% -387.0 -1.9% $75.19 +18.8%
299 XLY SELECT SECTOR SPDR TR STATE STREET CON 13,458.0 $1.5M 0.02% -1K -7.4% $108.98 +7.5%
300 NVS NOVARTIS AG SPONSORED ADR Healthcare 9,467.0 $1.4M 0.02% -55.0 -0.6% $152.76 -3.7%
Page 15 of 70  ·  1,393 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%