Cullen Capital Management, LLC

CIK

1362535

Location

New York, NY

Portfolio Value

Mid $9,591,071,053

Diversification

Diversified

Filing Date

Global Rank

#428 / 8,623 ▲ 38 · as of Mar 2026

Top Industry

Drug Manufacturers - General 10.8%

3Y Alpha vs SPY

-2.2%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+57.7%

SPY

+65.3%

Annualised alpha

-1.8%

Max drawdown

−12.8%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

191 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

3.2%

−0.0 pts

Top 5

14.3%

−1.5 pts

Top 10

27.1%

−2.6 pts

HHI

183

Diversified−11

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	18.4%	$1,767,061,343	26
Healthcare	15.8%	$1,511,176,972	16
Industrials	10.3%	$986,518,162	29
Consumer Defensive	10.1%	$973,092,292	20
Energy	10.0%	$956,464,260	14
Technology	8.9%	$849,726,523	18
Communication Services	7.5%	$722,970,776	9
Utilities	6.5%	$621,716,340	20
Consumer Cyclical	5.4%	$517,837,160	13
Real Estate	4.9%	$468,599,161	14
Basic Materials	2.2%	$215,667,206	11
Unclassified	0.0%	$240,858	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CMCSA	Comcast Corp	+2,990,457	7,149,769	$205,269,867
DOC	Healthpeak Properties, Inc.	+1,743,957	10,991,301	$180,587,075
VICI	Vici Properties Inc.	+1,099,949	6,788,489	$185,461,519
PFE	Pfizer Inc	+596,176	2,693,507	$75,633,676
UPS	United Parcel Service Inc	+541,971	1,623,438	$159,713,830
PBR	Petrobras - Petroleo Brasileiro SA	+539,456	2,810,725	$58,322,543
UL	Unilever PLC	+460,904	2,647,695	$150,839,184
TTE	TotalEnergies SE	+440,957	640,080	$58,234,478
AXIA	AXIA Energia S.A.	+403,917	734,134	$8,281,031
SW	Smurfit Westrock plc	+321,462	1,245,910	$49,649,513
DEO	Diageo PLC	+314,012	964,223	$71,786,402
DOW	Dow Inc.	+306,133	2,563,614	$106,774,523
KDP	Keurig Dr Pepper Inc.	+285,549	1,764,275	$46,453,360
BCE	Bce Inc	+273,193	5,966,886	$150,604,202
KT	Kt Corp	+251,366	262,896	$5,639,119
CPA	Copa Holdings, S.A.	+249,715	413,272	$46,951,831
NVO	Novo Nordisk A S	+244,835	792,355	$29,119,046
SNY	Sanofi	+232,524	593,301	$28,585,242
GPC	Genuine Parts Co	+228,030	1,564,620	$165,458,565
TGT	Target Corp	+208,802	1,134,244	$137,470,372
HON	Honeywell International Inc	+195,452	213,520	$48,261,933
ITUB	Itau Unibanco Holding S.A.	+192,807	878,679	$7,363,330
TIGO	Millicom International Cellular SA	+171,067	827,675	$62,025,964
RIO	Rio Tinto PLC	+157,996	656,864	$61,278,842
UNH	Unitedhealth Group Inc	+139,842	472,736	$127,917,634
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ASX	ASE Technology Holding Co., Ltd.	−1,595,882	4,011,499	$86,969,298
IBN	Icici Bank Ltd	−456,661	1,290,726	$33,429,803
VZ	Verizon Communications Inc	−456,102	804,544	$40,388,108
MRK	Merck & Co., Inc.	−217,687	2,073,354	$249,403,752
XOM	ExxonMobil Holdings Corp	−193,525	1,499,613	$254,424,341
SHEL	Shell plc	−181,313	299,034	$27,810,162
LAUR	Laureate Education, Inc.	−141,662	44,928	$1,565,291
COP	Conocophillips	−129,654	1,785,399	$235,672,668
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc	−126,540	364,518	$33,050,847
LDI	loanDepot, Inc.	−97,728	265,605	$377,159
CSCO	Cisco Systems, Inc.	−86,896	3,645,540	$282,857,448
C	Citigroup Inc	−84,558	2,218,190	$251,564,927
PNC	Pnc Financial Services Group, Inc.	−78,614	181,170	$37,699,665
DOUG	Douglas Elliman Inc.	−75,033	413,225	$677,689
MS	Morgan Stanley	−71,362	1,433,565	$235,921,792
FHN	First Horizon Corp	−65,782	1,964,675	$44,716,003
BMY	Bristol Myers Squibb Co	−57,057	1,119,669	$67,907,924
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−46,188	191,617	$64,756,965
GLDD	Great Lakes Dredge & Dock CORP	−45,715	28,963	$492,371
JNJ	Johnson & Johnson	−44,117	1,114,929	$272,533,244
NVS	Novartis AG	−42,834	2,037,962	$311,298,695
RTX	RTX Corp	−38,122	1,152,069	$222,234,110
JCI	Johnson Controls International plc	−38,066	1,690,728	$221,400,831
JPM	Jpmorgan Chase & Co	−33,191	808,648	$237,871,895
NEE	Nextera Energy Inc	−32,736	2,427,317	$225,449,202
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
QSR	Restaurant Brands International Inc.	1,105,654	$81,707,830
IX	Orix Corp	1,080,361	$32,400,026
ZTS	Zoetis Inc.	9,409	$1,112,237
CLX	Clorox Co /De/	10,018	$1,038,165
BBSI	Barrett Business Services Inc	15,512	$452,640
BDC	Belden Inc.	3,516	$403,742
PSIX	Power Solutions International, Inc.	6,090	$370,759
BMI	Badger Meter Inc	2,092	$318,716
FBIN	Fortune Brands Innovations, Inc.	7,875	$306,888
WAT	Waters Corp /De/	1,020	$303,756
SM	SM Energy Co	8,206	$255,863
DIA	Spdr Dow Jones Industrial Average ETF Trust	520	$240,858
NOC	Northrop Grumman Corp /De/	334	$227,868
RYN	Rayonier Inc	10,776	$222,201
SUZ	Suzano S.A.	21,440	$214,614
NOK	Nokia Corp	12,060	$96,962
No positions match the current search.

Sold Out

Positions the filer fully exited

19 positions

Ticker	Company	Shares	Value
PCAR	Paccar Inc	525,036	$57,496,692
BABA	Alibaba Group Holding Ltd	42,462	$6,224,079
GE	General Electric Co	6,451	$1,987,101
MMM	3M Co	7,319	$1,171,771
GEV	GE Vernova Inc.	1,600	$1,045,712
Q	Qnity Electronics, Inc.	11,774	$961,347
CAG	Conagra Brands Inc.	47,463	$821,584
CAT	Caterpillar Inc	869	$497,824
GRTUF	Granite Real Estate Investment Trust	8,190	$484,766
LIN	Linde PLC	976	$416,156
KMB	Kimberly Clark Corp	4,094	$413,043
HP	Helmerich & Payne, Inc.	11,846	$339,743
MICC	Magnum Ice Cream Co N.V.	18,727	$296,822
RY	Royal Bank Of Canada	1,505	$256,587
MAS	Masco Corp /De/	3,547	$225,092
BX	Blackstone Inc.	1,402	$216,104
NSC	Norfolk Southern Corp	747	$215,673
SPY	Spdr S&P 500 ETF Trust	309	$210,713
KVUE	Kenvue Inc.	10,213	$176,174
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

191 tracked positions · $9,591,071,053 total · filing declares 213 positions · $9,752,783,439 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 191 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVS	Novartis AG Healthcare	Reduced	2,037,962	-42,834	$311,298,695	+8.5%	3.25%
CSCO	Cisco Systems, Inc. Technology	Reduced	3,645,540	-86,896	$282,857,448	−1.6%	2.95%
JNJ	Johnson & Johnson Healthcare	Reduced	1,114,929	-44,117	$272,533,244	+13.6%	2.84%
XOM	ExxonMobil Holdings Corp Energy	Reduced	1,499,613	-193,525	$254,424,341	+24.9%	2.65%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	5,164,917	-5,348	$251,789,703	−11.5%	2.63%
DUK	Duke Energy CORP Utilities	Added	1,921,458	+14,741	$251,595,710	+12.6%	2.62%
C	Citigroup Inc Financial Services	Reduced	2,218,190	-84,558	$251,564,927	−6.4%	2.62%
MRK	Merck & Co., Inc. Healthcare	Reduced	2,073,354	-217,687	$249,403,752	+3.4%	2.60%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	808,648	-33,191	$237,871,895	−12.3%	2.48%
MS	Morgan Stanley Financial Services	Reduced	1,433,565	-71,362	$235,921,792	−11.7%	2.46%
COP	Conocophillips Energy	Reduced	1,785,399	-129,654	$235,672,668	+31.5%	2.46%
GD	General Dynamics Corp Industrials	Reduced	673,189	-21,992	$231,051,928	−1.3%	2.41%
MDT	Medtronic plc Healthcare	Added	2,630,944	+135,738	$227,971,297	−4.9%	2.38%
NEE	Nextera Energy Inc Utilities	Reduced	2,427,317	-32,736	$225,449,202	+14.2%	2.35%
RTX	RTX Corp Industrials	Reduced	1,152,069	-38,122	$222,234,110	+1.8%	2.32%
JCI	Johnson Controls International plc Industrials	Reduced	1,690,728	-38,066	$221,400,831	+6.9%	2.31%
CB	Chubb Ltd Financial Services	Reduced	674,033	-7,696	$219,687,575	+3.2%	2.29%
CMCSA	Comcast Corp Communication Services	Added	7,149,769	+2,990,457	$205,269,867	+65.1%	2.14%
TFC	Truist Financial Corp Financial Services	Added	4,454,809	+107,776	$204,787,569	−4.3%	2.14%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	1,187,104	-4,463	$196,275,775	+2.7%	2.05%
VICI	Vici Properties Inc. Real Estate	Added	6,788,489	+1,099,949	$185,461,519	+15.9%	1.93%
CVX	Chevron Corp Energy	Added	876,053	+5,275	$181,255,365	+36.6%	1.89%
DOC	Healthpeak Properties, Inc. Real Estate	Added	10,991,301	+1,743,957	$180,587,075	+21.4%	1.88%
T	At&T Inc. Communication Services	Added	5,714,670	+155	$165,668,283	+16.7%	1.73%
GPC	Genuine Parts Co Consumer Cyclical	Added	1,564,620	+228,030	$165,458,565	+0.7%	1.73%
AVGO	Broadcom Inc. Technology	Added	533,686	+2,288	$165,181,153	−10.2%	1.72%
UPS	United Parcel Service Inc Industrials	Added	1,623,438	+541,971	$159,713,830	+48.9%	1.67%
MO	Altria Group, Inc. Consumer Defensive	Added	2,374,542	+36,466	$156,696,026	+16.2%	1.63%
UL	Unilever PLC Consumer Defensive	Added	2,647,695	+460,904	$150,839,184	+5.5%	1.57%
BCE	Bce Inc Communication Services	Added	5,966,886	+273,193	$150,604,202	+11.0%	1.57%
LOW	Lowes Companies Inc Consumer Cyclical	Added	614,677	+6,902	$145,235,881	−0.9%	1.51%
TRV	Travelers Companies, Inc. Financial Services	Reduced	482,691	-14,480	$140,791,310	−2.4%	1.47%
TGT	Target Corp Consumer Defensive	Added	1,134,244	+208,802	$137,470,372	+52.0%	1.43%
UNH	Unitedhealth Group Inc Healthcare	Added	472,736	+139,842	$127,917,634	+16.4%	1.33%
QCOM	Qualcomm Inc/De Technology	Added	897,217	+34,139	$115,543,605	−21.7%	1.20%
BDX	Becton Dickinson & Co Healthcare	Added	729,161	+31,384	$114,645,984	−15.3%	1.20%
DOW	Dow Inc. Basic Materials	Added	2,563,614	+306,133	$106,774,523	+102.3%	1.11%
CCI	Crown Castle Inc. Real Estate	Added	1,188,440	+122,051	$96,632,056	+2.0%	1.01%
OMC	Omnicom Group Inc. Communication Services	Added	1,164,690	+83,712	$87,712,803	+0.5%	0.91%
ASX	ASE Technology Holding Co., Ltd. Technology	Reduced	4,011,499	-1,595,882	$86,969,298	−3.7%	0.91%
QSR	Restaurant Brands International Inc. Consumer Cyclical	NEW	1,105,654	NEW	$81,707,830	NEW	0.85%
BTI	British American Tobacco p.l.c. Consumer Defensive	Added	1,343,678	+8,715	$78,564,852	+3.9%	0.82%
PFE	Pfizer Inc Healthcare	Added	2,693,507	+596,176	$75,633,676	+44.8%	0.79%
MSFT	Microsoft Corp Technology	Reduced	201,639	-1,324	$74,640,708	−24.0%	0.78%
DEO	Diageo PLC Consumer Defensive	Added	964,223	+314,012	$71,786,402	+28.0%	0.75%
EOG	Eog Resources Inc Energy	Added	487,665	+34,811	$70,501,729	+48.3%	0.74%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	1,119,669	-57,057	$67,907,924	+7.0%	0.71%
NGG	National Grid PLC Utilities	Added	794,204	+32,229	$67,189,658	+14.0%	0.70%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	191,617	-46,188	$64,756,965	−10.4%	0.68%
TM	Toyota Motor Corp/ Consumer Cyclical	Added	312,605	+76,250	$64,424,764	+27.3%	0.67%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.