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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 70 of 70  ·  1,393 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1381 TNET TRINET GROUP INC COM Industrials $2.0 -100.0%
1382 BMI BADGER METER INC COM Technology $1.0 NEW
1383 EPC EDGEWELL PERSONAL CARE CO COM Consumer Defensive $1.0 NEW
1384 EVTC EVERTEC INC COM Technology $1.0 NEW
1385 HSTM HEALTHSTREAM INC COM Healthcare $1.0 NEW
1386 IIIN INSTEEL INDS INC COM Industrials $1.0 -100.0%
1387 DRS LEONARDO DRS INC COM Industrials $1.0 NEW
1388 KSS KOHLS CORP COM Consumer Cyclical NEW
1389 M MACYS INC COM Consumer Cyclical -100.0%
1390 MNKD MANNKIND CORP COM NEW Healthcare NEW
1391 DNOW DNOW INC COM Energy NEW
1392 SMPL SIMPLY GOOD FOODS CO COM Consumer Defensive NEW
1393 TWO HARBORS INVENTMENT CORPO COM NEW
Page 70 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%