— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Cullen Capital Management, LLC

Q2 2025 · Filed 2025-09-30
Market Value
$8.8B
+1.6%
Holdings
209
-8
New Purchases
10
Added To
78
Closed
15
Reduced
84
Top 10 Concentration
28.6%
Turnover
12.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVGO 2.64% 1.65% +0.98% $231M
BDX 0.72% 0.00% +0.72% $63M
NGG 0.64% 0.00% +0.64% $56M
CAG 0.64% 0.02% +0.62% $56M
PCAR 0.61% 0.00% +0.61% $53M
T 2.63% 2.09% +0.54% $230M
PPG 0.53% 0.00% +0.53% $47M
COP 1.98% 1.54% +0.44% $174M
JPM 3.47% 3.04% +0.43% $304M
MS 2.63% 2.25% +0.38% $230M
C 2.68% 2.30% +0.38% $235M
BAC 2.98% 2.66% +0.31% $261M
TSM 0.61% 0.32% +0.29% $53M
NSC 0.27% 0.00% +0.27% $24M
MSFT 1.23% 0.98% +0.26% $108M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KVUE 0.59% 2.52% -1.92% $52M
CVX 1.48% 2.77% -1.29% $130M
DOW 0.96% 1.84% -0.88% $84M
BCE 0.91% 1.64% -0.73% $80M
RTX 2.46% 3.00% -0.54% $215M
DOC 1.92% 2.37% -0.45% $168M
MDLZ 0.05% 0.47% -0.42% $4M
PFE 1.01% 1.39% -0.38% $88M
CMCSA 1.97% 2.29% -0.32% $173M
XOM 2.37% 2.68% -0.30% $208M
MRK 2.06% 2.33% -0.27% $180M
JNJ 2.11% 2.38% -0.26% $185M
MO 1.75% 2.01% -0.26% $153M
JCI 2.39% 2.63% -0.24% $210M
DUK 2.76% 2.99% -0.23% $242M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 38 $3.4B 39.1%
Large Cap 112 $5.1B 58.7%
Mid Cap 43 $184M 2.1%
Small Cap 12 $5M 0.1%
Micro Cap 4 $6M 0.1%

Portfolio Analytics

Avg Market Cap
$172.0B
Median Market Cap
$37.3B
Avg P/E
27.0
Median P/E
20.7
Avg Dividend Yield
0.03%
Avg Beta
0.83
# Stocks
185
# ETFs / Funds
24

Top Holdings (209 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 JPM 3.47% 1,047,243 $304M $289.91 $42M -19,967 -1.9%
2 CSCO 3.20% 4,035,596 $280M $69.38 $22M -145,174 -3.5%
3 BAC 2.98% 5,507,486 $261M $47.32 $31M +7,386 +0.1%
4 NVS 2.90% 2,096,852 $254M $121.01 $19M -11,832 -0.6%
5 DUK 2.76% 2,049,613 $242M $118.00 -$16M -66,034 -3.1%
6 MDT 2.69% 2,701,420 $235M $87.17 -$9M -19,459 -0.7%
7 C 2.68% 2,757,364 $235M $85.12 $36M -39,004 -1.4%
8 AVGO 2.64% 837,455 $231M $275.65 $89M -12,439 -1.5%
9 MS 2.63% 1,636,014 $230M $140.86 $36M -26,585 -1.6%
10 T 2.63% 7,944,442 $230M $28.94 $50M +1,585,220 +24.9%
11 PM 2.58% 1,240,048 $226M $182.13 $21M -52,460 -4.1%
12 GD 2.47% 741,984 $216M $291.66 $11M -10,087 -1.3%
13 RTX 2.46% 1,473,335 $215M $146.02 -$43M -475,407 -24.4%
14 VICI 2.39% 6,426,523 $210M $32.60 -$1M -33,824 -0.5%
15 JCI 2.39% 1,983,526 $210M $105.62 -$17M -847,403 -29.9%
16 XOM 2.37% 1,929,306 $208M $107.80 -$23M -9,340 -0.5%
17 CB 2.30% 695,502 $202M $289.72 -$10M -3,874 -0.6%
18 JNJ 2.11% 1,211,617 $185M $152.75 -$20M -23,269 -1.9%
19 MRK 2.06% 2,276,476 $180M $79.16 -$21M +39,800 +1.8%
20 TFC 2.04% 4,164,716 $179M $42.99 -$5M -316,931 -7.1%
21 COP 1.98% 1,934,767 $174M $89.74 $41M +667,841 +52.7%
22 CMCSA 1.97% 4,838,708 $173M $35.69 -$25M -507,962 -9.5%
23 NEE 1.96% 2,476,861 $172M $69.42 -$7M -49,878 -2.0%
24 DOC 1.92% 9,591,104 $168M $17.51 -$36M -504,493 -5.0%
25 GPC 1.87% 1,353,327 $164M $121.31 $3M +737 +0.1%
26 UL 1.78% 2,546,500 $156M $61.17 $1M -50,446 -1.9%
27 MO 1.75% 2,617,603 $153M $58.63 -$20M -264,707 -9.2%
28 TRV 1.59% 520,886 $139M $267.54 -$329K -7,310 -1.4%
29 UPS 1.53% 1,323,656 $134M $100.94 $410K +112,642 +9.3%
30 LOW 1.48% 585,937 $130M $221.87 $3M +41,908 +7.7%
31 CVX 1.48% 904,996 $130M $143.19 -$109M -521,323 -36.5%
32 CCI 1.33% 1,132,720 $116M $102.73 $2M +30,931 +2.8%
33 MSFT 1.23% 217,237 $108M $497.41 $24M -6,816 -3.0%
34 TGT 1.09% 965,219 $95M $98.65 -$3M +25,746 +2.7%
35 PFE 1.01% 3,643,578 $88M $24.24 -$31M -1,079,744 -22.9%
36 QCOM 0.99% 542,906 $86M $159.26 $11M +49,395 +10.0%
37 DOW 0.96% 3,184,041 $84M $26.48 -$74M -1,360,725 -29.9%
38 BCE 0.91% 3,597,380 $80M $22.17 -$62M -2,562,549 -41.6%
39 DEO 0.90% 781,444 $79M $100.84 -$3M -2,600 -0.3%
40 OMC 0.89% 1,084,737 $78M $71.94 -$6M +73,527 +7.3%
41 EOG 0.79% 576,470 $69M $119.61 -$2M +25,753 +4.7%
42 VZ 0.76% 1,538,098 $67M $43.27 -$2M +30,121 +2.0%
43 BTI 0.76% 1,401,922 $66M $47.33 $17M +202,340 +16.9%
44 BDX 0.72% 368,568 $63M $172.25 +368,568 NEW
45 PPL 0.72% 1,847,742 $63M $33.89 -$5M -16,758 -0.9%
46 BMY 0.67% 1,261,070 $58M $46.29 -$10M +142,481 +12.7%
47 ASX 0.66% 5,580,176 $58M $10.33 $18M +1,082,941 +24.1%
48 NGG 0.64% 758,795 $56M $74.41 +758,795 NEW
49 CAG 0.64% 2,740,013 $56M $20.47 $54M +2,680,417 +4497.6%
50 CCEP 0.61% 576,776 $53M $92.72 $4M +12,984 +2.3%
51 TSM 0.61% 235,376 $53M $226.49 $26M +70,932 +43.1%
52 PCAR 0.61% 560,405 $53M $95.06 +560,405 NEW
53 SYY 0.60% 698,965 $53M $75.74 $2M +13,751 +2.0%
54 KVUE 0.59% 2,484,940 $52M $20.93 -$165M -6,565,339 -72.5%
55 RIO 0.59% 882,679 $51M $58.33 -$4M -43,821 -4.7%
56 KOF 0.59% 531,055 $51M $96.73 $4M +12,312 +2.4%
57 IBM 0.58% 173,053 $51M $294.78 $4M -14,617 -7.8%
58 BAX 0.57% 1,651,542 $50M $30.28 -$1M +155,415 +10.4%
59 KDP 0.57% 1,498,536 $50M $33.06 -$12M -299,376 -16.6%
60 ENB 0.55% 1,070,038 $48M $45.32 $12M +243,384 +29.4%
61 PPG 0.53% 411,757 $47M $113.75 +411,757 NEW
62 IBN 0.53% 1,384,763 $47M $33.64 $3M +1,042 +0.1%
63 PNC 0.44% 204,875 $38M $186.42 $3M +7,478 +3.8%
64 SHEL 0.39% 485,378 $34M $70.41 $464K +25,339 +5.5%
65 PBR 0.38% 2,636,074 $33M $12.51 -$3M +129,823 +5.2%
66 TM 0.31% 157,494 $27M $172.26 -$948K -1,561 -1.0%
67 NSC 0.27% 92,087 $24M $255.97 +92,087 NEW
68 XLC 0.26% 205,981 $22M $108.53 $22M +198,332 +2592.9%
69 SNY 0.24% 437,824 $21M $48.31 -$1M +36,714 +9.2%
70 CPA 0.23% 184,228 $20M $109.97 $12M +96,968 +111.1%
71 XLV 0.22% 143,463 $19M $134.79 $19M +138,648 +2879.5%
72 TTE 0.18% 252,335 $15M $61.39 $671K +23,238 +10.1%
73 EWY 0.16% 196,402 $14M $71.78 $9M +95,185 +94.0%
74 LAUR 0.16% 602,831 $14M $23.38 -$4M -261,884 -30.3%
75 EPI 0.11% 210,075 $10M $47.47 $2M +28,902 +15.9%
76 XLF 0.11% 185,424 $10M $52.37 $10M +181,276 +4370.2%
77 KB 0.11% 111,477 $9M $82.59 $4M +18,255 +19.6%
78 XLI 0.10% 61,155 $9M $147.52 $8M +56,443 +1197.9%
79 EWT 0.10% 156,851 $9M $57.40 $3M +31,016 +24.6%
80 BABA 0.08% 64,542 $7M $113.41 -$1M -822 -1.3%
81 XLK 0.08% 27,478 $7M $253.23 $7M +25,601 +1363.9%
82 ORCL 0.07% 29,363 $6M $218.63 $2M -436 -1.5%
83 AXP 0.06% 17,007 $5M $318.98 $941K +343 +2.1%
84 EWM 0.06% 206,733 $5M $24.34 $212K -2,093 -1.0%
85 ETN 0.05% 13,051 $5M $356.99 $1M -355 -2.6%
86 CI 0.05% 13,931 $5M $330.58 $134K +341 +2.5%
87 ITUB 0.05% 675,383 $5M $6.79 +675,383 NEW
88 WMT 0.05% 44,033 $4M $97.78 $186K -2,889 -6.2%
89 HON 0.05% 18,068 $4M $232.97 $358K -123 -0.7%
90 DIS 0.05% 32,982 $4M $124.01 $945K +1,113 +3.5%
91 MDLZ 0.05% 59,970 $4M $67.44 -$36M -535,374 -89.9%
92 XLB 0.05% 45,086 $4M $87.81 $3M +37,240 +474.6%
93 SRE 0.04% 48,858 $4M $75.77 -$99K -4,402 -8.3%
94 AMAT 0.04% 20,163 $4M $183.07 $842K +528 +2.7%
95 ALL 0.04% 18,283 $4M $201.31 $89 +509 +2.9%
96 ET 0.04% 192,994 $3M $18.13 -$749K -35,502 -15.5%
97 BWA 0.04% 98,970 $3M $33.48 $593K +4,002 +4.2%
98 EPD 0.04% 106,851 $3M $31.01 -$403K -2,019 -1.9%
99 BIL 0.04% 35,596 $3M $91.73 $1M +13,237 +59.2%
100 INDA 0.04% 56,875 $3M $55.68 $278K +760 +1.4%

New Positions

SymbolValue% Port
BDX $63M 0.72%
NGG $56M 0.64%
PCAR $53M 0.61%
PPG $47M 0.53%
NSC $24M 0.27%
ITUB $5M 0.05%
XLU $878K 0.01%
NMRK $442K 0.01%
XLRE $433K —%
VNOM $414K —%

Sold Out Positions

SymbolValue% Port
RYN —%
IP —%
BX —%
ZWS —%
KTB —%
SSB —%
DVY —%
POOL —%
FEZ —%
IWN —%
DXJ —%
EFV —%
IWD —%
TCOM —%
DENN —%
View SEC EDGAR Filings for Cullen Capital Management, LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms