Cullen Capital Management, LLC

CIK

1362535

Location

New York, NY

Portfolio Value

Mid $9,591,071,046

Diversification

Diversified

Filing Date

Global Rank

#427 / 8,604 ▲ 38 · as of Mar 2026

Top Industry

Drug Manufacturers - General 10.8%

3Y Alpha vs SPY

-4.0%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+59.7%

SPY

+76.5%

Annualised alpha

-4.0%

Max drawdown

−12.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

3.2%

−0.0 pts

Top 5

14.3%

−1.6 pts

Top 10

27.1%

−2.7 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%	$986,518,154	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%	$215,667,207	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	$48,261,925
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	Exxon Mobil 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 positions · $9,591,071,046 total · 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	Exxon Mobil 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	+76.2%	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	+7.7%	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%