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Asset Manager ← All Institutions

Cullen Capital Management, LLC

Q3 2025 · Filed 2025-11-05
Market Value
$9.1B
+3.8%
Holdings
221
+12
New Purchases
27
Added To
52
Closed
8
Reduced
97
Top 10 Concentration
28.8%
Turnover
15.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 0.90% 0.00% +0.90% $82M
BDX 1.47% 0.72% +0.75% $134M
BCE 1.64% 0.91% +0.73% $149M
DEO 1.37% 0.90% +0.47% $125M
TIGO 0.34% 0.00% +0.34% $31M
JNJ 2.44% 2.11% +0.32% $222M
TFC 2.31% 2.04% +0.27% $210M
DOC 2.16% 1.92% +0.24% $196M
LOW 1.72% 1.48% +0.24% $156M
GD 2.70% 2.47% +0.23% $246M
QCOM 1.22% 0.99% +0.23% $111M
GPC 2.07% 1.87% +0.20% $188M
EFV 0.17% 0.00% +0.17% $16M
OMC 1.06% 0.89% +0.17% $97M
TSM 0.77% 0.61% +0.16% $70M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
T 1.81% 2.63% -0.82% $164M
CAG 0.01% 0.64% -0.63% $1M
BAX 0.00% 0.57% -0.57% $0
AVGO 2.18% 2.64% -0.46% $198M
PM 2.14% 2.58% -0.44% $194M
RIO 0.21% 0.59% -0.38% $19M
PFE 0.63% 1.01% -0.38% $58M
UPS 1.28% 1.53% -0.24% $117M
XLC 0.02% 0.26% -0.23% $2M
CSCO 2.96% 3.20% -0.23% $269M
XLV 0.01% 0.22% -0.21% $1M
CB 2.13% 2.30% -0.17% $194M
KOF 0.42% 0.59% -0.17% $38M
KVUE 0.43% 0.59% -0.16% $39M
PBR 0.22% 0.38% -0.16% $20M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 41 $3.6B 40.1%
Large Cap 115 $5.3B 58.9%
Mid Cap 48 $84M 0.9%
Small Cap 13 $7M 0.1%
Micro Cap 4 $3M 0.0%

Portfolio Analytics

Avg Market Cap
$170.6B
Median Market Cap
$37.4B
Avg P/E
26.8
Median P/E
20.6
Avg Dividend Yield
0.03%
Avg Beta
0.84
# Stocks
194
# ETFs / Funds
27

Top Holdings (221 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 JPM 3.49% 1,006,665 $318M $315.43 $14M -40,578 -3.9%
2 BAC 3.09% 5,452,072 $281M $51.59 $21M -55,414 -1.0%
3 CSCO 2.96% 3,937,772 $269M $68.42 -$11M -97,824 -2.4%
4 NVS 2.92% 2,070,377 $266M $128.24 $12M -26,475 -1.3%
5 MDT 2.80% 2,672,375 $255M $95.24 $19M -29,045 -1.1%
6 DUK 2.75% 2,019,977 $250M $123.75 $8M -29,636 -1.4%
7 C 2.74% 2,456,580 $249M $101.50 $15M -300,784 -10.9%
8 MS 2.73% 1,562,592 $248M $158.96 $18M -73,422 -4.5%
9 GD 2.70% 721,016 $246M $341.00 $29M -20,968 -2.8%
10 RTX 2.58% 1,399,880 $234M $167.33 $19M -73,455 -5.0%
11 JNJ 2.44% 1,195,361 $222M $185.42 $37M -16,256 -1.3%
12 XOM 2.37% 1,912,111 $216M $112.75 $8M -17,195 -0.9%
13 TFC 2.31% 4,591,783 $210M $45.72 $31M +427,067 +10.2%
14 VICI 2.27% 6,327,308 $206M $32.61 -$3M -99,215 -1.5%
15 JCI 2.24% 1,849,329 $203M $109.95 -$6M -134,197 -6.8%
16 AVGO 2.18% 599,849 $198M $329.91 -$33M -237,606 -28.4%
17 MRK 2.16% 2,343,452 $197M $83.93 $16M +66,976 +2.9%
18 DOC 2.16% 10,232,875 $196M $19.15 $28M +641,771 +6.7%
19 PM 2.14% 1,198,931 $194M $162.20 -$31M -41,117 -3.3%
20 CB 2.13% 685,887 $194M $282.25 -$8M -9,615 -1.4%
21 GPC 2.07% 1,358,998 $188M $138.60 $24M +5,671 +0.4%
22 NEE 2.07% 2,495,106 $188M $75.49 $16M +18,245 +0.7%
23 COP 2.04% 1,957,016 $185M $94.59 $11M +22,249 +1.1%
24 CMCSA 1.85% 5,343,823 $168M $31.42 -$5M +505,115 +10.4%
25 T 1.81% 5,820,629 $164M $28.24 -$66M -2,123,813 -26.7%
26 MO 1.80% 2,480,772 $164M $66.06 $10M -136,831 -5.2%
27 LOW 1.72% 622,033 $156M $251.31 $26M +36,096 +6.2%
28 BCE 1.64% 6,389,865 $149M $23.39 $70M +2,792,485 +77.6%
29 UL 1.63% 2,492,750 $148M $59.28 -$8M -53,750 -2.1%
30 TRV 1.56% 508,253 $142M $279.22 $3M -12,633 -2.4%
31 CVX 1.53% 893,771 $139M $155.29 $9M -11,225 -1.2%
32 BDX 1.47% 716,260 $134M $187.17 $71M +347,692 +94.3%
33 DEO 1.37% 1,309,258 $125M $95.43 $46M +527,814 +67.5%
34 UPS 1.28% 1,395,278 $117M $83.53 -$17M +71,622 +5.4%
35 QCOM 1.22% 665,454 $111M $166.36 $24M +122,548 +22.6%
36 CCI 1.20% 1,131,750 $109M $96.49 -$7M -970 -0.1%
37 MSFT 1.20% 210,562 $109M $517.95 $1M -6,675 -3.1%
38 OMC 1.06% 1,184,141 $97M $81.53 $19M +99,404 +9.2%
39 TGT 1.04% 1,055,509 $95M $89.70 -$540K +90,290 +9.3%
40 DOW 0.95% 3,758,224 $86M $22.93 $2M +574,183 +18.0%
41 UNH 0.90% 236,676 $82M $345.30 +236,676 NEW
42 BTI 0.78% 1,334,800 $71M $53.08 $4M -67,122 -4.8%
43 TSM 0.77% 251,074 $70M $279.29 $17M +15,698 +6.7%
44 PPL 0.74% 1,821,722 $68M $37.16 $5M -26,020 -1.4%
45 VZ 0.74% 1,538,023 $68M $43.95 $1M -75
46 EOG 0.71% 576,939 $65M $112.12 -$4M +469 +0.1%
47 ASX 0.69% 5,618,822 $62M $11.09 $5M +38,646 +0.7%
48 BMY 0.67% 1,340,847 $60M $45.10 $2M +79,777 +6.3%
49 PFE 0.63% 2,258,687 $58M $25.48 -$31M -1,384,891 -38.0%
50 SYY 0.62% 685,779 $56M $82.34 $4M -13,186 -1.9%
51 PCAR 0.60% 558,423 $55M $98.32 $2M -1,982 -0.3%
52 NGG 0.58% 731,561 $53M $72.67 -$3M -27,234 -3.6%
53 IBN 0.58% 1,729,815 $52M $30.23 $6M +345,052 +24.9%
54 ENB 0.57% 1,030,108 $52M $50.46 $3M -39,930 -3.7%
55 IBM 0.53% 171,000 $48M $282.16 -$3M -2,053 -1.2%
56 CCEP 0.52% 520,359 $47M $90.41 -$6M -56,417 -9.8%
57 PPG 0.47% 405,491 $43M $105.11 -$4M -6,266 -1.5%
58 PNC 0.45% 201,403 $40M $200.93 $2M -3,472 -1.7%
59 KVUE 0.43% 2,410,641 $39M $16.23 -$13M -74,299 -3.0%
60 KDP 0.43% 1,526,172 $39M $25.51 -$11M +27,636 +1.8%
61 KOF 0.42% 458,255 $38M $83.10 -$13M -72,800 -13.7%
62 TM 0.41% 197,114 $38M $191.09 $11M +39,620 +25.2%
63 NSC 0.40% 121,351 $36M $300.41 $13M +29,264 +31.8%
64 SHEL 0.39% 489,631 $35M $71.53 $848K +4,253 +0.9%
65 TIGO 0.34% 643,031 $31M $48.54 +643,031 NEW
66 CPA 0.27% 209,401 $25M $118.82 $5M +25,173 +13.7%
67 PBR 0.22% 1,576,277 $20M $12.66 -$13M -1,059,797 -40.2%
68 RIO 0.21% 289,761 $19M $66.01 -$32M -592,918 -67.2%
69 SNY 0.20% 384,482 $18M $47.20 -$3M -53,342 -12.2%
70 EWY 0.20% 222,743 $18M $80.10 $4M +26,341 +13.4%
71 EFV 0.17% 231,632 $16M $67.83 +231,632 NEW
72 LAUR 0.14% 407,979 $13M $31.54 -$1M -194,852 -32.3%
73 EEM 0.13% 229,518 $12M $53.40 +229,518 NEW
74 TTE 0.13% 190,515 $11M $59.69 -$4M -61,820 -24.5%
75 EWT 0.11% 156,138 $10M $63.62 $930K -713 -0.5%
76 KB 0.10% 112,029 $9M $82.91 $81K +552 +0.5%
77 BABA 0.09% 45,664 $8M $178.73 $842K -18,878 -29.2%
78 ACWX 0.09% 119,661 $8M $65.01 +119,661 NEW
79 ORCL 0.07% 21,564 $6M $281.24 -$355K -7,799 -26.6%
80 EWZ 0.07% 192,956 $6M $31.00 +192,956 NEW
81 AXP 0.06% 17,169 $6M $332.16 $278K +162 +0.9%
82 ITUB 0.05% 669,412 $5M $7.34 $328K -5,971 -0.9%
83 ETN 0.05% 12,824 $5M $374.25 $140K -227 -1.7%
84 AMAT 0.05% 22,193 $5M $204.74 $853K +2,030 +10.1%
85 WMT 0.05% 43,662 $4M $103.06 $194K -371 -0.8%
86 DIS 0.05% 38,973 $4M $114.50 $372K +5,991 +18.2%
87 EPI 0.04% 92,145 $4M $44.20 -$6M -117,930 -56.1%
88 CI 0.04% 14,025 $4M $288.25 -$563K +94 +0.7%
89 BWA 0.04% 89,667 $4M $43.96 $628K -9,303 -9.4%
90 HON 0.04% 18,068 $4M $210.62 -$404K
91 ALL 0.04% 17,585 $4M $214.65 $94K -698 -3.8%
92 MDLZ 0.04% 58,386 $4M $62.47 -$397K -1,584 -2.6%
93 AXTA 0.03% 100,422 $3M $28.62 -$184K -2,565 -2.5%
94 ET 0.03% 156,835 $3M $17.16 -$808K -36,159 -18.7%
95 ARW 0.03% 22,029 $3M $121.00 -$172K -236 -1.1%
96 PKG 0.03% 12,215 $3M $217.93 $353K -39 -0.3%
97 EPD 0.03% 84,905 $3M $31.27 -$658K -21,946 -20.5%
98 SRE 0.03% 29,141 $3M $89.98 -$1M -19,717 -40.4%
99 GOOGL 0.03% 10,601 $3M $243.10 $1M +2,003 +23.3%
100 RJF 0.03% 13,392 $2M $172.60 $151K -695 -4.9%

New Positions

SymbolValue% Port
UNH $82M 0.90%
TIGO $31M 0.34%
EFV $16M 0.17%
EEM $12M 0.13%
ACWX $8M 0.09%
EWZ $6M 0.07%
MCHI $2M 0.02%
ADBE $1M 0.01%
IWM $927K 0.01%
KT $903K 0.01%
AVNT $492K 0.01%
CVS $487K 0.01%
KWR $396K —%
ILF $381K —%
IWD $329K —%

Sold Out Positions

SymbolValue% Port
BAX —%
UIS —%
CROX —%
XLF —%
WBD —%
XLK —%
XLE —%
XLU —%
View SEC EDGAR Filings for Cullen Capital Management, LLC →

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