Cullen/Frost Bankers, Inc.

Bank

CIK

39263

Location

San Antonio, TX

Portfolio Value

Mid $6,683,724,110

Diversification

Diversified

Filing Date

Global Rank

#610 / 8,700 ▼ 48

Top Industry

Semiconductors 11.6%

Period ended 3 months ago

Filed Jul 27, 2026 · 49d

26 quarters · since Mar 2020

Portfolio Concentration

1,024 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.2%

−0.3 pts

Top 5

24.8%

−2.0 pts

Top 10

36.5%

−3.2 pts

HHI

207

Diversified−21

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	36.5%	$2,438,636,958	170
Financial Services	12.3%	$822,959,472	189
Healthcare	10.0%	$665,606,201	113
Consumer Cyclical	9.3%	$622,663,663	104
Communication Services	7.6%	$508,198,963	32
Industrials	7.5%	$504,025,622	151
Consumer Defensive	5.4%	$362,116,938	52
Energy	3.7%	$247,337,827	66
Unclassified	2.9%	$193,331,928	13
Utilities	2.0%	$133,497,535	33
Basic Materials	1.5%	$100,199,644	46
Real Estate	1.3%	$85,149,359	55

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
KLAC	Kla Corp	+305,703	337,368	$101,787,299
BKNG	Booking Holdings Inc.	+164,804	171,826	$30,626,266
T	At&T Inc.	+87,638	696,420	$14,415,894
KVUE	Kenvue Inc.	+43,254	541,050	$10,339,465
UNH	Unitedhealth Group Inc	+28,436	110,963	$46,119,551
VZ	Verizon Communications Inc	+27,382	569,958	$24,132,021
TXN	Texas Instruments Inc	+26,830	172,984	$51,561,340
FFIN	First Financial Bankshares Inc	+26,692	32,054	$1,109,068
CSCO	Cisco Systems, Inc.	+24,783	709,810	$83,374,282
CMCSA	Comcast Corp	+23,301	414,809	$10,183,560
NVO	Novo Nordisk A S	+22,859	341,905	$16,390,925
MDLN	Medline Inc.	+18,895	207,498	$8,183,721
OTF	Blue Owl Technology Finance Corp.	+17,241	42,987	$444,915
PLD	Prologis, Inc.	+16,207	149,184	$20,209,956
BA	Boeing Co	+15,705	126,662	$27,418,523
CNP	Centerpoint Energy Inc	+14,131	262,066	$11,541,386
XOM	ExxonMobil Holdings Corp	+14,114	516,857	$70,664,689
DIS	Walt Disney Co	+13,651	283,690	$27,305,162
AVGO	Broadcom Inc.	+13,641	548,367	$207,145,634
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+13,057	18,294	$8,736,665
RIO	Rio Tinto PLC	+12,829	208,598	$19,802,208
CARR	CARRIER GLOBAL Corp	+12,717	282,011	$20,685,506
OTIS	Otis Worldwide Corp	+12,523	16,043	$1,148,678
FAST	Fastenal Co	+11,795	342,337	$16,442,446
NKE	NIKE, Inc.	+10,930	113,982	$4,678,961
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−494,698	660,759	$236,135,443
BSX	Boston Scientific Corp	−258,460	81,201	$3,465,658
BIRK	Birkenstock Holding plc	−193,951	7,462	$321,089
BMY	Bristol Myers Squibb Co	−127,141	56,089	$3,231,848
IVZ	Invesco Ltd.	−100,614	895	$23,619
STT	State Street Corp	−96,707	21,069	$3,573,302
AMZN	Amazon Com Inc	−60,577	890,254	$212,183,138
SLB	Slb Limited/Nv	−54,983	16,324	$758,902
HON	Honeywell International Inc	−52,978	53,704	$12,024,325
BSM	Black Stone Minerals, L.P.	−47,187	76,528	$1,069,096
CHD	Church & Dwight Co Inc /De/	−45,746	4,517	$437,606
DD	DuPont de Nemours, Inc.	−31,185	15,119	$2,050,741
EOSE	Eos Energy Enterprises, Inc.	−30,000	70,000	$411,600
CMG	Chipotle Mexican Grill Inc	−27,836	434,098	$14,759,332
BAC	Bank Of America Corp /De/	−21,511	1,005,065	$57,268,603
ABBV	AbbVie Inc.	−16,477	341,851	$86,023,385
UBER	Uber Technologies, Inc	−16,443	187,200	$13,508,352
INTU	Intuit Inc.	−15,820	8,250	$2,153,250
KKR	KKR & Co. Inc.	−15,680	129,889	$11,921,212
ICE	Intercontinental Exchange, Inc.	−12,364	125,547	$15,456,091
BRX	Brixmor Property Group Inc.	−10,229	4,683	$147,654
MSFT	Microsoft Corp	−9,478	901,874	$336,417,039
NVDA	Nvidia Corp	−8,917	1,635,716	$327,290,414
GLTR	abrdn Precious Metals Basket ETF Trust	−8,733	169,965	$30,789,159
DHR	Danaher Corp /De/	−8,220	119,584	$22,778,360
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
HONA	Honeywell Aerospace Inc.	53,710	$11,859,168
WST	West Pharmaceutical Services Inc	22,640	$8,127,760
SPCX	Space Exploration Technologies Corp	39,122	$6,684,384
TRGP	Targa Resources Corp.	750	$201,105
BGR	BlackRock Energy & Resources Trust	12,911	$191,341
GNRC	Generac Holdings Inc.	590	$172,757
RDNT	RadNet, Inc.	2,300	$141,841
ZWS	Zurn Elkay Water Solutions Corp	2,500	$126,325
SGI	Somnigroup International Inc.	1,500	$117,600
STX	Seagate Technology Holdings plc	118	$113,870
AMKR	Amkor Technology, Inc.	1,100	$94,853
MGA	Magna International Inc	1,300	$85,358
SUNB	Sunbelt Rentals Holdings, Inc.	1,000	$74,810
STLD	Steel Dynamics Inc	300	$68,838
PWR	Quanta Services, Inc.	85	$61,203
MXL	Maxlinear, Inc	474	$60,686
SGRY	Surgery Partners, Inc.	3,247	$54,549
AIT	Applied Industrial Technologies Inc	150	$50,722
FDXF	FedEx Freight Holding Company, Inc.	319	$48,169
UMBF	Umb Financial Corp	334	$47,681
CBRS	Cerebras Systems Inc.	211	$46,631
AMBA	Ambarella Inc	540	$46,332
NOK	Nokia Corp	3,412	$45,311
OSG	Octave Specialty Group Inc	7,140	$44,553
NBIX	Neurocrine Biosciences Inc	260	$43,820
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AAXJ	iShares MSCI All Country Asia ex Japan ETF	6,043,324	$675,339,348
VB	Vanguard Morningstar Small-Cap ETF	1,949,186	$321,894,425
BKF	iShares MSCI BIC ETF	2,856,041	$218,052,197
—		1,279,276	$164,188,632
HFXI	NYLI FTSE International Equity Currency Neutral ETF	2,150,058	$102,600,767
VEU	Vanguard FTSE All-World Ex-US ETF	1,514,318	$101,973,873
FNDA	Schwab Fundamental U.S. Small Company ETF	1,667,158	$50,940,057
BIV	Vanguard Intermediate-Term Bond ETF	416,986	$32,675,438
CGCB	Capital Group Core Bond ETF	935,088	$24,059,824
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	186,478	$18,666,141
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	258,851	$17,652,910
ABI	VictoryShares Pioneer Asset-Based Income ETF	107,168	$16,999,150
CVY	Invesco Zacks Multi-Asset Income ETF	304,421	$15,682,404
—		239,895	$11,678,701
VCRM	Vanguard Core Tax-Exempt Bond ETF	220,932	$11,022,297
CGGE	Capital Group Global Equity ETF	329,108	$10,037,794
CGBL	Capital Group Core Balanced ETF	259,833	$8,940,853
CGDG	Capital Group Dividend Growers ETF	244,580	$8,780,422
CGUS	Capital Group Core Equity ETF	191,778	$7,368,110
ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	357,802	$7,338,529
FBCG	Fidelity Blue Chip Growth ETF	135,597	$7,274,149
CGDV	Capital Group Dividend Value ETF	147,064	$6,256,102
—		117,080	$6,095,184
CGGO	Capital Group Global Growth Equity ETF	168,272	$5,615,236
CGGR	Capital Group Growth ETF	126,808	$5,096,413
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,024 tracked positions · $6,683,724,110 total · as of Jun 30, 2026

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

Showing 1–50 of 1,024 positions by value · page 1 of 21

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	1,882,904	-7,073	$544,837,101	+13.6%	8.15%
MSFT	Microsoft Corp Technology	Reduced	901,874	-9,478	$336,417,039	−0.3%	5.03%
NVDA	Nvidia Corp Technology	Reduced	1,635,716	-8,917	$327,290,414	+14.1%	4.90%
GOOGL	Alphabet Inc. Communication Services	Reduced	660,759	-494,698	$236,135,443	−28.9%	3.53%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	890,254	-60,577	$212,183,138	+7.1%	3.17%
AVGO	Broadcom Inc. Technology	Added	548,367	+13,641	$207,145,634	+25.2%	3.10%
GLW	Corning Inc /Ny Technology	Reduced	770,075	-2,407	$196,700,257	+87.3%	2.94%
SPY	Spdr S&P 500 ETF Trust	Added	188,706	+7,985	$140,919,979	+19.9%	2.11%
LLY	ELI LILLY & Co Healthcare	Reduced	101,158	-2,692	$121,331,950	+27.0%	1.82%
V	Visa Inc. Financial Services	Reduced	344,057	-4,631	$118,042,516	+12.0%	1.77%
META	Meta Platforms, Inc. Communication Services	Reduced	205,270	-2,203	$115,626,538	−2.6%	1.73%
JPM	Jpmorgan Chase & Co Financial Services	Added	343,499	+2,107	$112,437,527	+12.0%	1.68%
KLAC	Kla Corp Technology	Added	337,368	+305,703	$101,787,299	+118.3%	1.52%
ABBV	AbbVie Inc. Healthcare	Reduced	341,851	-16,477	$86,023,385	+10.4%	1.29%
CSCO	Cisco Systems, Inc. Technology	Added	709,810	+24,783	$83,374,282	+56.9%	1.25%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	87,315	-1,133	$81,680,563	−7.3%	1.22%
MA	Mastercard Inc Financial Services	Reduced	155,399	-3,144	$79,812,926	+0.8%	1.19%
JNJ	Johnson & Johnson Healthcare	Reduced	308,337	-815	$78,308,347	+3.6%	1.17%
XOM	ExxonMobil Holdings Corp Energy	Added	516,857	+14,114	$70,664,689	−17.2%	1.06%
CVX	Chevron Corp Energy	Added	413,845	+1,428	$68,598,947	−19.6%	1.03%
ETN	Eaton Corp plc Industrials	Added	156,463	+291	$66,672,013	+19.4%	1.00%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	176,342	-3,317	$62,192,296	+5.3%	0.93%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	123,714	-5,856	$61,905,248	−21.9%	0.93%
WMT	Walmart Inc. Consumer Defensive	Reduced	511,092	-7,934	$57,886,279	−10.3%	0.87%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	1,005,065	-21,511	$57,268,603	+14.4%	0.86%
AMD	Advanced Micro Devices Inc Technology	Added	93,696	+3,955	$54,428,943	+198.1%	0.81%
TXN	Texas Instruments Inc Technology	Added	172,984	+26,830	$51,561,340	+81.7%	0.77%
KO	Coca Cola Co Consumer Defensive	Reduced	607,084	-3,027	$49,337,716	+6.3%	0.74%
LRCX	Lam Research Corp Technology	Reduced	113,089	-5,386	$49,004,856	+93.6%	0.73%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	269,279	-925	$48,715,263	+9.0%	0.73%
CMI	Cummins Inc Industrials	Reduced	65,761	-640	$46,901,402	+31.3%	0.70%
AXP	American Express Co Financial Services	Added	137,049	+1,010	$46,356,824	+12.7%	0.69%
UNH	Unitedhealth Group Inc Healthcare	Added	110,963	+28,436	$46,119,551	+106.5%	0.69%
ORCL	Oracle Corp Technology	Reduced	303,361	-2,956	$44,457,554	−1.3%	0.67%
ETR	Entergy Corp /De/ Utilities	Reduced	380,289	-935	$43,679,994	+2.0%	0.65%
VLO	Valero Energy Corp/Tx Energy	Reduced	163,201	-2,301	$42,504,068	+3.9%	0.64%
AMAT	Applied Materials Inc /De Technology	Added	58,680	+1,484	$42,425,640	+117.0%	0.63%
GE	General Electric Co Industrials	Added	113,470	+3,189	$42,407,143	+35.5%	0.63%
MRK	Merck & Co., Inc. Healthcare	Added	309,626	+8,684	$39,786,941	+9.9%	0.60%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	270,846	+196	$39,716,857	+1.6%	0.59%
GEV	GE Vernova Inc. Industrials	Reduced	32,692	-192	$38,408,523	+33.8%	0.57%
AEP	American Electric Power Co Inc Utilities	Added	273,608	+8,039	$37,432,310	+7.5%	0.56%
C	Citigroup Inc Financial Services	Added	257,659	+8,074	$36,061,953	+27.4%	0.54%
ISRG	Intuitive Surgical Inc Healthcare	Added	88,175	+1,422	$35,065,434	−12.3%	0.52%
TSLA	Tesla, Inc. Consumer Cyclical	Added	82,119	+6,504	$34,539,251	+22.9%	0.52%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	358,096	-8,020	$32,977,060	−2.4%	0.49%
UNP	Union Pacific Corp Industrials	Added	114,769	+3,188	$31,217,168	+15.3%	0.47%
GLTR	abrdn Precious Metals Basket ETF Trust	Reduced	169,965	-8,733	$30,789,159	−21.2%	0.46%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	171,826	+164,804	$30,626,266	+3.6%	0.46%
NFLX	Netflix Inc Communication Services	Reduced	413,320	-6,867	$29,511,048	−27.0%	0.44%

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.