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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 2 of 70  ·  1,393 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 IWLG NEW YORK LIFE INVTS ACTIVE E NYLI WINSLOW LAR 2,150,058.0 $102.6M 1.17% +272K +14.5% $47.72 +19.8%
22 JPM JPMORGAN CHASE & CO COM Financial Services 341,392.0 $100.4M 1.14% -3K -0.8% $294.16 +10.6%
23 LLY ELI LILLY & CO COM Healthcare 103,850.0 $95.5M 1.08% $919.77 +19.4%
24 IWD ISHARES TR RUS 1000 VAL ETF 435,078.0 $93.0M 1.06% +32K +7.9% $213.67 +13.3%
25 COST COSTCO WHOLESALE CORPORATION COM Consumer Defensive 88,448.0 $88.1M 1.00% -2K -2.2% $996.43 -4.5%
26 CVX CHEVRON CORPORATION COM Energy 412,417.0 $85.3M 0.97% -15K -3.6% $206.90 -16.1%
27 XOM EXXON MOBIL CORP COM Energy 502,743.0 $85.3M 0.97% +32K +6.8% $169.66 -18.8%
28 MA MASTERCARD INCORPORATED CL A Financial Services 158,543.0 $79.2M 0.90% -2K -1.6% $499.66 -2.0%
29 ABBV ABBVIE INC COM Healthcare 358,328.0 $77.9M 0.89% -7K -2.0% $217.49 -0.5%
30 JNJ JOHNSON & JOHNSON COM Healthcare 309,152.0 $75.6M 0.86% -5K -1.6% $244.44 -6.6%
31 WMT WALMART INC COM Consumer Defensive 519,026.0 $64.5M 0.73% $124.28 -5.7%
32 BERKSHIRE HATHAWAY INC DEL CL B NEW 129,546.0 $62.1M 0.70% -3K -2.0% $479.20
33 HD HOME DEPOT INC COM Consumer Cyclical 179,659.0 $59.1M 0.67% +1K +0.7% $328.89 +1.6%
34 ETN EATON CORP PLC SHS Industrials 156,172.0 $55.9M 0.63% $357.67 +17.9%
35 AGG ISHARES TR CORE US AGGBD ET 558,851.0 $55.5M 0.63% -462K -45.3% $99.27 -0.4%
36 VEU VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 721,960.0 $54.2M 0.62% -8K -1.0% $75.10 +13.1%
37 CSCO CISCO SYS INC COM Technology 685,027.0 $53.2M 0.60% +45K +7.1% $77.59 +54.1%
38 BAC BANK AMERICA CORP COM Financial Services 1,026,576.0 $50.0M 0.57% $48.75 +15.3%
39 SCHD SCHWAB STRATEGIC TR US DIVIDEND EQ 1,587,128.0 $48.7M 0.55% -260K -14.1% $30.68 +3.8%
40 KLAC KLA CORP COM NEW Technology 31,665.0 $46.6M 0.53% +7K +28.6% $1472.43 -82.4%
Page 2 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%