Cullen Capital Management, LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Cullen Capital Management, LLC maintained a portfolio of 237 distinct positions. They heavily accumulated shares in Novartis AG (ADR), increasing their position by 0.5%. The fund also reduced its exposure to Diageo PLC (ADR) by 50.3%.
PCA Score Concentration Risk
Risk ENB
Total Positions
237
Quarter
2025 Q4
Top Holding
CSCO (3.1%)
Top 10 Concentration
28.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 237
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
CSCO
Cisco Systems I...
Technology 3.14% 2.95% #1 2
Prev: #3
3.8 -205,336 -5.2%
P
S
3,732,436 $287,509,558 2012 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NVS
Novartis AG (AD...
Healthcare 3.13% 2.90% #2 2
Prev: #4
3.3 10,419 0.5%
P
S
2,080,796 $286,879,293 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BAC
Bank of America...
Financial Services 3.11% 3.08% #3 1
Prev: #2
2.7 -281,807 -5.2%
P
S
5,170,265 $284,364,561 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
JPM
JP Morgan Chase...
Financial Services 2.96% 3.47% #4 3
Prev: #1
2.2 -164,826 -16.4%
P
S
841,839 $271,257,475 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
C
Citigroup Inc.
Financial Services 2.93% 2.73% #5 2
Prev: #7
2.2 -153,832 -6.3%
P
S
2,302,748 $268,707,721 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MS
Morgan Stanley
Financial Services 2.92% 2.72% #6 2
Prev: #8
1.7 -57,665 -3.7%
P
S
1,504,927 $267,169,621 2006 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MRK
Merck & Co. Inc...
Healthcare 2.63% 2.15% #7 10
Prev: #17
1.6 -52,411 -2.2%
P
S
2,291,041 $241,154,947 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JNJ
Johnson & Johns...
Healthcare 2.62% 2.42% #8 3
Prev: #11
1.5 -36,315 -3.0%
P
S
1,159,046 $239,864,600 2007 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MDT
Medtronic PLC
Healthcare 2.62% 2.78% #9 4
Prev: #5
1.5 -177,169 -6.6%
P
S
2,495,206 $239,689,505 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GD
General Dynamic...
Industrials 2.56% 2.69% #10 1
Prev: #9
1.5 -25,835 -3.6%
P
S
695,181 $234,039,552 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DUK
Duke Energy Cor...
Utilities 2.44% 2.73% #11 5
Prev: #6
1.5 -113,260 -5.6%
P
S
1,906,717 $223,486,340 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RTX
RTX Corp
Industrials 2.38% 2.56% #12 2
Prev: #10
1.5 -209,689 -15.0%
P
S
1,190,191 $218,281,060 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TFC
Truist Financia...
Financial Services 2.34% 2.30% #13
Prev: #13
1.4 -244,750 -5.3%
P
S
4,347,033 $213,917,475 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CB
Chubb Ltd.
Financial Services 2.32% 2.12% #14 6
Prev: #20
1.4 -4,158 -0.6%
P
S
681,729 $212,781,331 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
JCI
Johnson Control...
Industrials 2.26% 2.22% #15
Prev: #15
1.4 -120,535 -6.5%
P
S
1,728,794 $207,023,024 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XOM
Exxon Mobil Cor...
Energy 2.23% 2.36% #16 4
Prev: #12
1.4 -218,973 -11.5%
P
S
1,693,138 $203,752,181 2013 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NEE
NextEra Energy ...
Utilities 2.16% 2.06% #17 5
Prev: #22
1.4 -35,053 -1.4%
P
S
2,460,053 $197,493,039 2010 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PM
Philip Morris I...
Consumer Defensive 2.09% 2.13% #18 1
Prev: #19
1.3 -7,364 -0.6%
P
S
1,191,567 $191,127,367 2008 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
Broadcom Ltd.
Technology 2.01% 2.16% #19 3
Prev: #16
1.3 -68,451 -11.4%
P
S
531,398 $183,916,788 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COP
ConocoPhillips
Energy 1.96% 2.03% #20 3
Prev: #23
1.3 -41,963 -2.1%
P
S
1,915,053 $179,268,116 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GPC
Genuine Parts C...
Consumer Cyclical 1.79% 2.06% #21
Prev: #21
1.2 -22,408 -1.6%
P
S
1,336,590 $164,347,149 2007 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VICI
Vici Properties...
Real Estate 1.75% 2.26% #22 8
Prev: #14
1.2 -638,768 -10.1%
P
S
5,688,540 $159,961,742 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DOC
Healthpeak Prop...
Real Estate 1.62% 2.14% #23 5
Prev: #18
1.1 -985,531 -9.6%
P
S
9,247,344 $148,697,284 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
QCOM
Qualcomm Inc.
Technology 1.61% 1.21% #24 11
Prev: #35
3.1 197,624 29.7%
P
S
863,078 $147,629,432 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LOW
Lowe's Companie...
Consumer Cyclical 1.60% 1.71% #25 2
Prev: #27
1.1 -14,258 -2.3%
P
S
607,775 $146,570,939 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TRV
The Travelers C...
Financial Services 1.57% 1.55% #26 4
Prev: #30
1.1 -11,082 -2.2%
P
S
497,171 $144,209,518 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
UL
Unilever PLC (A...
Consumer Defensive 1.56% 1.62% #27 2
Prev: #29
1.1 -305,959 -12.3%
P
S
2,186,791 $143,016,155 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
T
AT&T Inc.
Communication Services 1.55% 1.80% #28 3
Prev: #25
1.1 -106,114 -1.8%
P
S
5,714,515 $141,948,554 2006 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BCE
BCE Inc.
Communication Services 1.48% 1.64% #29 1
Prev: #28
1.1 -696,172 -10.9%
P
S
5,693,693 $135,623,760 2010 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BDX
Becton Dickinso...
Healthcare 1.48% 1.47% #30 2
Prev: #32
1.1 -18,483 -2.6%
P
S
697,777 $135,417,606 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MO
Altria Group In...
Consumer Defensive 1.47% 1.79% #31 5
Prev: #26
1.1 -142,696 -5.8%
P
S
2,338,076 $134,813,468 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CVX
Chevron Corp.
Energy 1.45% 1.52% #32 1
Prev: #31
1.1 -22,993 -2.6%
P
S
870,778 $132,715,276 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CMCSA
Comcast Corp. (...
Communication Services 1.36% 1.84% #33 9
Prev: #24
0.5 -1,184,511 -22.2%
P
S
4,159,312 $124,321,848 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
UNH
UnitedHealth Gr...
Healthcare 1.20% 0.89% #34 7
Prev: #41
3.0 96,218 40.7%
P
S
332,894 $109,891,509 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UPS
United Parcel S...
Industrials 1.17% 1.27% #35 1
Prev: #34
0.5 -313,811 -22.5%
P
S
1,081,467 $107,270,729 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
Microsoft Corp.
Technology 1.07% 1.19% #36 1
Prev: #37
0.9 -7,599 -3.6%
P
S
202,963 $98,156,989 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CCI
Crown Castle In...
Real Estate 1.04% 1.19% #37 1
Prev: #36
0.9 -65,361 -5.8%
P
S
1,066,389 $94,769,977 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TGT
Target Corp.
Consumer Defensive 0.99% 1.04% #38 1
Prev: #39
0.9 -130,067 -12.3%
P
S
925,442 $90,461,934 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ASX
ASE Technology ...
Technology 0.99% 0.68% #39 8
Prev: #47
0.9 -11,441 -0.2%
P
S
5,607,381 $90,278,829 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
OMC
Omnicom Group I...
Communication Services 0.95% 1.06% #40 2
Prev: #38
0.9 -103,163 -8.7%
P
S
1,080,978 $87,288,938 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BTI
British America...
Consumer Defensive 0.83% 0.78% #41 1
Prev: #42
0.8 163 0.0%
P
S
1,334,963 $75,585,623 2007 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
Taiwan Semicond...
Technology 0.79% 0.77% #42 1
Prev: #43
0.8 -13,269 -5.3%
P
S
237,805 $72,266,561 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BMY
Bristol-Myers S...
Healthcare 0.69% 0.66% #43 5
Prev: #48
0.8 -164,121 -12.2%
P
S
1,176,726 $63,472,599 2006 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NGG
National Grid P...
Utilities 0.64% 0.58% #44 8
Prev: #52
0.8 30,414 4.2%
P
S
761,975 $58,938,755 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
XLC
State Street Co...
ETF 0.63% 0.02% #45 63
Prev: #108
3.3 474,152 2941.6%
P
S
490,271 $57,714,702 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PCAR
PACCAR Inc.
Industrials 0.63% 0.60% #46 5
Prev: #51
0.8 -33,387 -6.0%
P
S
525,036 $57,496,720 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DEO
Diageo PLC (ADR...
Consumer Defensive 0.61% 1.37% #47 14
Prev: #33
0.2 -659,047 -50.3%
P
S
650,211 $56,093,679 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PNC
The PNC Financi...
Financial Services 0.59% 0.44% #48 11
Prev: #59
2.7 58,381 29.0%
P
S
259,784 $54,224,763 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PPL
PPL Corp.
Utilities 0.58% 0.74% #49 5
Prev: #44
0.7 -312,296 -17.1%
P
S
1,509,426 $52,860,093 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DOW
Dow Inc
Basic Materials 0.58% 0.94% #50 10
Prev: #40
0.2 -1,500,743 -39.9%
P
S
2,257,481 $52,779,911 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 237 holdings

Unlock Full Cullen Capital Management, LLC Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics