13F holdings
Cullen Capital Management, LLC portfolio
Managed by . 213 reported positions worth $9.8B as of 2026-03-31, filed with the SEC on 2026-05-15. Parsed from the filing itself, not a reseller.
$9.8B
Book value
213
Positions
27%
Top 10 weight
+19
New this quarter
-31
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 45 days old on 2026-05-15, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (19)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| QSR | Restaurant Brands Internationa | $81.7M | 1,105,654 | 0.84% |
| PWCDF | Power Corporation of Canada | $41.7M | 868,276 | 0.43% |
| IX | ORIX Corp. (ADR) | $32.4M | 1,080,361 | 0.33% |
| ECH | iShares MSCI Chile ETF | $3.3M | 83,412 | 0.03% |
| ZTS | Zoetis Inc. | $1.1M | 9,409 | 0.01% |
| CLX | The Clorox Co. | $1.0M | 10,018 | 0.01% |
| BBSI | Barrett Business Services Inc. | $452,640 | 15,512 | 0.00% |
| BDC | Belden Inc. | $403,742 | 3,516 | 0.00% |
| PSIX | Power Solutions International | $370,759 | 6,090 | 0.00% |
| ILF | iShares S&P Latin America 40 E | $323,516 | 9,108 | 0.00% |
| BMI | Badger Meter Inc. | $318,716 | 2,092 | 0.00% |
| FBIN | Fortune Brands Innovations Inc | $306,889 | 7,875 | 0.00% |
| WAT | Waters Corp. | $303,845 | 1,020 | 0.00% |
| SM | SM Energy Co. | $255,863 | 8,206 | 0.00% |
| DIA | SPDR Dow Jones Industrial Aver | $240,859 | 520 | 0.00% |
| NOC | Northrop Grumman Corp. | $227,868 | 334 | 0.00% |
| RYN | Rayonier Inc. | $222,201 | 10,776 | 0.00% |
| SUZ | Suzano SA (ADR) | $214,614 | 21,440 | 0.00% |
| NOK | Nokia OYJ (ADR) | $96,962 | 12,060 | 0.00% |
Closed out (31)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| PCAR | PACCAR Inc. | $57.5M | 525,036 | 0.00% |
| XLB | State Street Materials Select | $28.4M | 626,265 | 0.00% |
| XLE | State Street Energy Select Sec | $9.1M | 204,009 | 0.00% |
| BABA | Alibaba Group Holding Ltd. (ADR) | $6.2M | 42,462 | 0.00% |
| DVY | iShares Select Dividend ETF | $3.0M | 21,130 | 0.00% |
| GE | General Electric Co. | $2.0M | 6,451 | 0.00% |
| CGW | Invesco S&P Global Water Index | $1.7M | 27,203 | 0.00% |
| MMM | 3M Co. | $1.2M | 7,319 | 0.00% |
| GEV | GE Vernova LLC | $1.0M | 1,600 | 0.00% |
| Q | Qnity Electronics Inc | $961,347 | 11,774 | 0.00% |
| XLU | State Street Utilities Select | $933,716 | 21,872 | 0.00% |
| MCHI | iShares MSCI China ETF | $906,937 | 15,098 | 0.00% |
| CAG | Conagra Brands Inc. | $821,585 | 47,463 | 0.00% |
| REET | iShares Trust iShares Global | $587,797 | 23,559 | 0.00% |
| CAT | Caterpillar Inc. | $497,824 | 869 | 0.00% |
| GRTUF | Granite Real Estate Investment | $488,613 | 8,190 | 0.00% |
| PPH | VanEck Vectors Pharmaceutical | $476,645 | 4,620 | 0.00% |
| LIN | Linde PLC | $416,244 | 976 | 0.00% |
| KMB | Kimberly-Clark Corp. | $413,003 | 4,094 | 0.00% |
| HP | Helmerich & Payne Inc. | $339,743 | 11,846 | 0.00% |
| VWO | Vanguard FTSE Emerging Markets | $299,712 | 5,575 | 0.00% |
| MICC | The Magnum Ice Cream Company N | $296,823 | 18,727 | 0.00% |
| RY | Royal Bank of Canada | $256,587 | 1,505 | 0.00% |
| PCH | PotlatchDeltic Corp | $235,736 | 5,926 | 0.00% |
| MAS | Masco Corp. | $225,093 | 3,547 | 0.00% |
Added to (82)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| MDT | Medtronic PLC | $228.0M | 2,630,944 | 2.34% | +5% |
| CMCSA | Comcast Corp. (Cl A) | $205.3M | 7,149,769 | 2.10% | +72% |
| TFC | Truist Financial Corp | $204.8M | 4,454,809 | 2.10% | +2% |
| VICI | Vici Properties Inc. | $185.5M | 6,788,489 | 1.90% | +19% |
| DOC | Healthpeak Properties Inc | $180.6M | 10,991,301 | 1.85% | +19% |
| GPC | Genuine Parts Co. | $165.5M | 1,564,620 | 1.70% | +17% |
| UPS | United Parcel Service Inc. | $159.7M | 1,623,438 | 1.64% | +50% |
| MO | Altria Group Inc. | $156.7M | 2,374,542 | 1.61% | +2% |
| UL | Unilever PLC (ADR) | $150.8M | 2,647,695 | 1.55% | +21% |
| BCE | BCE Inc. | $150.6M | 5,966,886 | 1.54% | +5% |
| LOW | Lowe's Companies Inc. | $145.2M | 614,677 | 1.49% | +1% |
| TGT | Target Corp. | $137.5M | 1,134,244 | 1.41% | +23% |
| UNH | UnitedHealth Group Inc. | $127.9M | 472,736 | 1.31% | +42% |
| QCOM | Qualcomm Inc. | $115.5M | 897,217 | 1.18% | +4% |
| BDX | Becton Dickinson & Co. | $114.6M | 729,161 | 1.18% | +4% |
Trimmed (87)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| XLC | State Street Communication Ser | $651,635 | 5,878 | 0.01% | -99% |
| XLI | State Street Industrial Select | $798,138 | 4,935 | 0.01% | -98% |
| XLP | State Street Consumer Staples | $959,412 | 11,703 | 0.01% | -97% |
| XLRE | State Street Real Estate Selec | $1.8M | 43,962 | 0.02% | -95% |
| ACWX | iShares MSCI ACWI ex US ETF | $945,297 | 13,806 | 0.01% | -93% |
| XLV | State Street Health Care Selec | $1.1M | 7,380 | 0.01% | -92% |
| XLF | State Street Financial Select | $356,550 | 7,222 | 0.00% | -90% |
| EEM | iShares MSCI Emerging Markets | $1.2M | 20,700 | 0.01% | -89% |
| LAUR | Laureate Education Inc. | $1.6M | 44,928 | 0.02% | -76% |
| XLY | State Street Consumer Discreti | $813,863 | 7,468 | 0.01% | -74% |
| IWD | iShares Russell 1000 Value ETF | $2.1M | 10,026 | 0.02% | -67% |
| EFV | iShares MSCI EAFE Value ETF | $5.8M | 78,655 | 0.06% | -64% |
| GLDD | Great Lakes Dredge & Dock Corp | $492,371 | 28,963 | 0.01% | -61% |
| PG | The Procter & Gamble Co. | $513,629 | 3,556 | 0.01% | -61% |
| VMI | Valmont Industries Inc. | $256,924 | 643 | 0.00% | -50% |
The book
Largest 150 of 213 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NVS | Novartis AG (ADR) | $311.3M | 2,037,962 | 3.19% | — |
| CSCO | Cisco Systems Inc. | $282.9M | 3,645,540 | 2.90% | — |
| JNJ | Johnson & Johnson | $272.5M | 1,114,929 | 2.79% | — |
| EXMOC | Exxon Mobil Corp. | $254.4M | 1,499,613 | 2.61% | — |
| BAC | Bank of America Corp. | $251.8M | 5,164,917 | 2.58% | — |
| DUK | Duke Energy Corp. | $251.6M | 1,921,458 | 2.58% | — |
| C | Citigroup Inc. | $251.6M | 2,218,190 | 2.58% | — |
| MRK | Merck & Co. Inc. | $249.4M | 2,073,354 | 2.56% | — |
| JPM | JP Morgan Chase & Co. | $237.9M | 808,648 | 2.44% | — |
| MS | Morgan Stanley | $235.9M | 1,433,565 | 2.42% | — |
| COP | ConocoPhillips | $235.7M | 1,785,399 | 2.42% | — |
| GD | General Dynamics Corp. | $231.1M | 673,189 | 2.37% | — |
| MDT | Medtronic PLC | $228.0M | 2,630,944 | 2.34% | — |
| NEE | NextEra Energy Inc. | $225.4M | 2,427,317 | 2.31% | — |
| RTX | RTX Corp | $222.2M | 1,152,069 | 2.28% | — |
| JCI | Johnson Controls International | $221.4M | 1,690,728 | 2.27% | — |
| CB | Chubb Ltd. | $219.7M | 674,033 | 2.25% | — |
| CMCSA | Comcast Corp. (Cl A) | $205.3M | 7,149,769 | 2.10% | — |
| TFC | Truist Financial Corp | $204.8M | 4,454,809 | 2.10% | — |
| PM | Philip Morris International In | $196.3M | 1,187,104 | 2.01% | — |
| VICI | Vici Properties Inc. | $185.5M | 6,788,489 | 1.90% | — |
| CVX | Chevron Corp. | $181.3M | 876,053 | 1.86% | — |
| DOC | Healthpeak Properties Inc | $180.6M | 10,991,301 | 1.85% | — |
| T | AT&T Inc. | $165.7M | 5,714,670 | 1.70% | — |
| GPC | Genuine Parts Co. | $165.5M | 1,564,620 | 1.70% | — |
| AVGO | Broadcom Ltd. | $165.2M | 533,686 | 1.69% | — |
| UPS | United Parcel Service Inc. | $159.7M | 1,623,438 | 1.64% | — |
| MO | Altria Group Inc. | $156.7M | 2,374,542 | 1.61% | — |
| UL | Unilever PLC (ADR) | $150.8M | 2,647,695 | 1.55% | — |
| BCE | BCE Inc. | $150.6M | 5,966,886 | 1.54% | — |
| LOW | Lowe's Companies Inc. | $145.2M | 614,677 | 1.49% | — |
| TRV | The Travelers Companies Inc. | $140.8M | 482,691 | 1.44% | — |
| TGT | Target Corp. | $137.5M | 1,134,244 | 1.41% | — |
| UNH | UnitedHealth Group Inc. | $127.9M | 472,736 | 1.31% | — |
| QCOM | Qualcomm Inc. | $115.5M | 897,217 | 1.18% | — |
| BDX | Becton Dickinson & Co. | $114.6M | 729,161 | 1.18% | — |
| DOW | Dow Inc | $106.8M | 2,563,614 | 1.09% | — |
| CCI | Crown Castle Inc. | $96.6M | 1,188,440 | 0.99% | — |
| OMC | Omnicom Group Inc. | $87.7M | 1,164,690 | 0.90% | — |
| ASX | ASE Technology Holding Company (AD | $87.0M | 4,011,499 | 0.89% | — |
| QSR | Restaurant Brands Internationa | $81.7M | 1,105,654 | 0.84% | — |
| BTI | British American Tobacco PLC (ADR) | $78.6M | 1,343,678 | 0.81% | — |
| PFE | Pfizer Inc. | $75.6M | 2,693,507 | 0.78% | — |
| MSFT | Microsoft Corp. | $74.6M | 201,639 | 0.77% | — |
| DEO | Diageo PLC (ADR) | $71.8M | 964,223 | 0.74% | — |
| EOG | EOG Resources Inc. | $70.5M | 487,665 | 0.72% | — |
| BMY | Bristol-Myers Squibb Co. | $67.9M | 1,119,669 | 0.70% | — |
| NGG | National Grid PLC (ADR) | $67.2M | 794,204 | 0.69% | — |
| TSM | Taiwan Semiconductor Manufacturing | $64.8M | 191,617 | 0.66% | — |
| TM | Toyota Motor Corp. (ADR) | $64.4M | 312,605 | 0.66% | — |
| TIGO | Millicom Intl Cellular | $62.0M | 827,675 | 0.64% | — |
| RIO | Rio Tinto PLC (ADR) | $61.3M | 656,864 | 0.63% | — |
| ENB | Enbridge Inc. | $60.8M | 1,122,777 | 0.62% | — |
| PPL | PPL Corp. | $58.9M | 1,541,645 | 0.60% | — |
| PBR | Petroleo Brasileiro SA (ADR) | $58.3M | 2,810,725 | 0.60% | — |
| TTE | TotalEnergies SE | $58.2M | 640,080 | 0.60% | — |
| BIL | State Street SPDR Bloomberg 1- | $52.9M | 577,062 | 0.54% | — |
| SW | Smurfit Westrock PLC | $49.6M | 1,245,910 | 0.51% | — |
| HONGBP | Honeywell International Inc. | $48.3M | 213,520 | 0.49% | — |
| CPA | Copa Holdings SA | $47.0M | 413,272 | 0.48% | — |
| KDP | Keurig Dr Pepper Inc | $46.5M | 1,764,275 | 0.48% | — |
| FHN | First Horizon Corp. | $44.7M | 1,964,675 | 0.46% | — |
| SYY | Sysco Corp. | $43.3M | 606,808 | 0.44% | — |
| AIG | American International Group I | $42.9M | 570,513 | 0.44% | — |
| PWCDF | Power Corporation of Canada | $41.7M | 868,276 | 0.43% | — |
| KOF | Coca-Cola Femsa SAB de CV (ADR | $41.3M | 423,141 | 0.42% | — |
| PPG | PPG Industries Inc. | $41.0M | 383,417 | 0.42% | — |
| IBM | International Business Machine | $40.9M | 168,806 | 0.42% | — |
| VZ | Verizon Communications Inc. | $40.4M | 804,544 | 0.41% | — |
| PNC | The PNC Financial Services Gro | $37.7M | 181,170 | 0.39% | — |
| UNP | Union Pacific Corp. | $36.8M | 151,877 | 0.38% | — |
| IBN | ICICI Bank Ltd. (ADR) | $33.4M | 1,290,726 | 0.34% | — |
| CCEP | Coca Cola Euro Pacific Partner | $33.1M | 364,518 | 0.34% | — |
| IX | ORIX Corp. (ADR) | $32.4M | 1,080,361 | 0.33% | — |
| NVO | Novo Nordisk A/S (ADR) | $29.1M | 792,355 | 0.30% | — |
| SNY | Sanofi (ADR) | $28.6M | 593,301 | 0.29% | — |
| EWY | iShares MSCI South Korea ETF | $27.9M | 226,640 | 0.29% | — |
| SHEL | Shell PLC (ADR) | $27.8M | 299,034 | 0.29% | — |
| EWT | iShares MSCI Taiwan ETF | $11.0M | 155,514 | 0.11% | — |
| KB | KB Financial Group Inc. (ADR) | $10.6M | 106,751 | 0.11% | — |
| AXIAY | Axia Energia ADR | $8.3M | 734,134 | 0.08% | — |
| ITUB | Itau Unibanco Holding SA (ADR) | $7.4M | 878,679 | 0.08% | — |
| AMAT | Applied Materials Inc. | $6.4M | 18,868 | 0.07% | — |
| EFV | iShares MSCI EAFE Value ETF | $5.8M | 78,655 | 0.06% | — |
| KT | KT Corp. (ADR) | $5.6M | 262,896 | 0.06% | — |
| ETN | Eaton Corp. PLC | $5.2M | 14,519 | 0.05% | — |
| WMT | Walmart Inc. | $5.2M | 41,524 | 0.05% | — |
| BWA | BorgWarner Inc. | $4.9M | 90,223 | 0.05% | — |
| EPI | WisdomTree India Earnings Fund | $4.7M | 114,147 | 0.05% | — |
| AXP | American Express Co. | $4.4M | 14,480 | 0.04% | — |
| ET | Energy Transfer LP | $4.1M | 209,917 | 0.04% | — |
| CI | The Cigna Group | $3.9M | 14,497 | 0.04% | — |
| EPD | Enterprise Products Partners L | $3.8M | 99,815 | 0.04% | — |
| DIS | The Walt Disney Co. | $3.8M | 38,931 | 0.04% | — |
| ALL | The Allstate Corp. | $3.5M | 17,100 | 0.04% | — |
| MDLZ | Mondelez International Inc. | $3.4M | 58,723 | 0.03% | — |
| ECH | iShares MSCI Chile ETF | $3.3M | 83,412 | 0.03% | — |
| ARW | Arrow Electronics Inc. | $3.1M | 21,345 | 0.03% | — |
| ORCL | Oracle Corp. | $3.0M | 20,433 | 0.03% | — |
| AXTA | Axalta Coating Systems Ltd. | $2.7M | 98,177 | 0.03% | — |
| SRE | Sempra | $2.7M | 27,428 | 0.03% | — |
| PKG | Packaging Corp. of America | $2.5M | 11,803 | 0.03% | — |
| RJF | Raymond James Financial Inc. | $2.4M | 16,866 | 0.03% | — |
| SJM | The JM Smucker Co. | $2.2M | 22,987 | 0.02% | — |
| IWD | iShares Russell 1000 Value ETF | $2.1M | 10,026 | 0.02% | — |
| CNI | Canadian National Railway Co. | $2.0M | 19,062 | 0.02% | — |
| GOOGL | Alphabet Inc. | $1.9M | 6,643 | 0.02% | — |
| CSX | CSX Corp. | $1.9M | 46,062 | 0.02% | — |
| SPG | Simon Property Group Inc. | $1.8M | 9,821 | 0.02% | — |
| XLRE | State Street Real Estate Selec | $1.8M | 43,962 | 0.02% | — |
| MU | Micron Technology Inc. | $1.7M | 4,897 | 0.02% | — |
| ADM | Archer-Daniels-Midland Co. | $1.6M | 21,881 | 0.02% | — |
| LAUR | Laureate Education Inc. | $1.6M | 44,928 | 0.02% | — |
| BA | BOEING CO/THE | $1.5M | 7,671 | 0.02% | — |
| MCD | McDonald's Corp. | $1.4M | 4,366 | 0.01% | — |
| INDA | iShares MSCI India ETF | $1.3M | 28,388 | 0.01% | — |
| EEM | iShares MSCI Emerging Markets | $1.2M | 20,700 | 0.01% | — |
| ZTS | Zoetis Inc. | $1.1M | 9,409 | 0.01% | — |
| ADBE | Adobe Systems Inc. | $1.1M | 4,457 | 0.01% | — |
| WTRG | Essential Utilites Inc. | $1.1M | 26,902 | 0.01% | — |
| XLV | State Street Health Care Selec | $1.1M | 7,380 | 0.01% | — |
| DWDPEUR | DuPont De Nemours Inc. | $1.1M | 23,290 | 0.01% | — |
| FIS | Fidelity National Information | $1.1M | 22,665 | 0.01% | — |
| ST | Sensata Technologies Holding P | $1.1M | 29,930 | 0.01% | — |
| XYL | Xylem Inc. | $1.0M | 8,775 | 0.01% | — |
| CLX | The Clorox Co. | $1.0M | 10,018 | 0.01% | — |
| AVNT | Avient Corp. | $1.0M | 27,960 | 0.01% | — |
| PEP | PepsiCo Inc. | $966,525 | 6,224 | 0.01% | — |
| XLP | State Street Consumer Staples | $959,412 | 11,703 | 0.01% | — |
| ACWX | iShares MSCI ACWI ex US ETF | $945,297 | 13,806 | 0.01% | — |
| WPC | WP Carey Inc. | $939,003 | 13,817 | 0.01% | — |
| VLTO | Veralto Corp. | $933,273 | 10,555 | 0.01% | — |
| SBS | Companhia de Saneamento Basico (AD | $870,908 | 28,545 | 0.01% | — |
| VAC | Marriot Vacations Worldwide Co | $861,342 | 13,227 | 0.01% | — |
| AXICY | Axia Energia Preferred C (ADR) | $859,808 | 78,737 | 0.01% | — |
| TREE | LendingTree Inc. | $855,070 | 19,941 | 0.01% | — |
| PNR | Pentair PLC | $848,103 | 9,736 | 0.01% | — |
| XLY | State Street Consumer Discreti | $813,863 | 7,468 | 0.01% | — |
| XLI | State Street Industrial Select | $798,138 | 4,935 | 0.01% | — |
| XLK | State Street Technology Select | $745,037 | 5,606 | 0.01% | — |
| AWR | American States Water Co. | $740,395 | 9,791 | 0.01% | — |
| AWK | American Water Works Company I | $726,176 | 5,336 | 0.01% | — |
| PEG | Public Service Enterprise Grou | $724,341 | 8,948 | 0.01% | — |
| ABCB | Ameris Bancorp | $721,485 | 9,251 | 0.01% | — |
| MHO | M/I Homes Inc. | $721,108 | 5,889 | 0.01% | — |
| DOUG | Douglas Elliman Inc. | $677,689 | 413,225 | 0.01% | — |
| KO | The Coca-Cola Co. | $675,248 | 8,879 | 0.01% | — |
| HTO | H2O America | $672,241 | 11,458 | 0.01% | — |
| AAPL | Apple Inc. | $670,006 | 2,640 | 0.01% | — |
| POOL | Pool Corp. | $654,740 | 3,236 | 0.01% | — |
This table is the 150 largest positions by value, out of 213 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by Cullen Capital Management, LLC (CIK 1362535, accession 0001193125-26-225525). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
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