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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 68 of 70  ·  1,393 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1341 KNSL KINSALE CAP GROUP INC COM Financial Services 1.0 $342.0 $342.00 -9.7%
1342 JAMES HARDIE INDS PLC ORD SHS 18.0 $341.0 -1.0 -5.3% $18.94
1343 COCO VITA COCO CO INC COM Consumer Defensive 7.0 $335.0 -123.0 -94.6% $47.86 +75.6%
1344 PCTY PAYLOCITY HLDG CORP COM Technology 3.0 $324.0 $108.00 -6.4%
1345 APAM ARTISAN PARTNERS ASSET MGMT CL A Financial Services 8.0 $278.0 -586.0 -98.7% $34.75 +3.3%
1346 PHR PHREESIA INC COM Healthcare 33.0 $277.0 -509.0 -93.9% $8.39 +11.7%
1347 FWRD FORWARD AIR CORP COM Industrials 16.0 $267.0 $16.69 -18.4%
1348 KD KYNDRYL HLDGS INC COMMON STOCK Technology 20.0 $262.0 $13.10 -16.0%
1349 USPH U S PHYSICAL THERAPY COM Healthcare 3.0 $254.0 $84.67 -25.2%
1350 MDB MONGODB INC CL A Technology 1.0 $245.0 -168.0 -99.4% $245.00 +35.8%
1351 CMBS ISHARES TR CMBS ETF 5.0 $237.0 -7K -99.9% $47.40 +2.4%
1352 CNOB CONNECTONE BANCORP INC COM Financial Services 8.0 $216.0 $27.00 +20.2%
1353 TCOM TRIP COM GROUP LTD ADS Consumer Cyclical 4.0 $199.0 $49.75 -9.3%
1354 ASIX ADVANSIX INC COM Basic Materials 8.0 $195.0 $24.38 -18.5%
1355 DNLI DENALI THERAPEUTICS INC COM Healthcare 10.0 $192.0 NEW $19.20 +21.4%
1356 ASC ARDMORE SHIPPING CORP COM Industrials 11.0 $171.0 $15.55 +9.8%
1357 OKLO OKLO INC COM CL A Utilities 3.0 $149.0 NEW $49.67 +23.2%
1358 MEI METHODE ELECTRS INC COM Technology 22.0 $121.0 $5.50 +154.9%
1359 FREL FIDELITY COVINGTON TRUST MSCI RL EST ETF 4.0 $101.0 -979.0 -99.6% $25.25 +13.9%
1360 TBLL INVESCO EXCH TRADED FD TR II SHORT TERM TREAS 1.0 $98.0 -674.0 -99.8% $98.00 +7.9%
Page 68 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%