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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 3 of 70  ·  1,393 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 KO COCA COLA CO COM Consumer Defensive 610,111.0 $46.4M 0.53% -6K -0.9% $76.05 +4.4%
42 ORCL ORACLE CORP COM Technology 306,317.0 $45.1M 0.51% -23K -7.0% $147.11 +25.3%
43 PM PHILIP MORRIS INTL INC COM Consumer Defensive 270,204.0 $44.7M 0.51% -13K -4.7% $165.34 +7.9%
44 ENTERGY CORP NEW COM 381,224.0 $42.8M 0.49% +7K +1.8% $112.36
45 AXP AMERICAN EXPRESS CO COM Financial Services 136,039.0 $41.1M 0.47% $302.48 +11.7%
46 VLO VALERO ENERGY CORP COM Energy 165,502.0 $40.9M 0.46% +23K +15.9% $247.08 -4.4%
47 NFLX NETFLIX INC. COM Communication Services 420,187.0 $40.4M 0.46% +7K +1.8% $96.15 -19.5%
48 ISRG INTUITIVE SURGICAL INC COM NEW Healthcare 86,753.0 $40.0M 0.45% +3K +3.5% $460.99 -11.8%
49 VWO VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 725,988.0 $39.2M 0.45% +14K +1.9% $54.05 +12.4%
50 PG PROCTER & GAMBLE CO COM Consumer Defensive 270,650.0 $39.1M 0.44% +15K +5.9% $144.44 +4.1%
51 GLTR ABRDN PRECIOUS METALS BASKET PHYSCL PRECS MET Financial Services 178,698.0 $39.1M 0.44% -7K -3.5% $218.72 -11.2%
52 MRK MERCK & CO INC COM Healthcare 300,942.0 $36.2M 0.41% +85K +39.3% $120.29 -5.3%
53 CMI CUMMINS INC COM Industrials 66,401.0 $35.7M 0.41% +447.0 +0.7% $538.02 +33.2%
54 AEP AMERICAN ELEC PWR CO INC COM Utilities 265,569.0 $34.8M 0.40% $131.08 -2.6%
55 ORLY OREILLY AUTOMOTIVE INC COM Consumer Cyclical 366,116.0 $33.8M 0.38% +2K +0.6% $92.31 -5.9%
56 BSV VANGUARD BD INDEX FDS SHORT TRM BOND 412,409.0 $32.3M 0.37% -35K -7.8% $78.41 -0.8%
57 GE GE AEROSPACE COM NEW Industrials 110,281.0 $31.3M 0.35% +1K +1.2% $283.77 +26.0%
58 VOO VANGUARD INDEX FDS S&P 500 ETF SHS 51,516.0 $30.8M 0.35% $597.55 +15.2%
59 NOW SERVICENOW INC COM Technology 292,844.0 $30.6M 0.35% -8K -2.6% $104.55 -9.1%
60 MCD MCDONALDS CORP COM Consumer Cyclical 97,987.0 $30.5M 0.35% +694.0 +0.7% $310.79 -10.4%
Page 3 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%