CULLEN/FROST BANKERS, INC.

Q2 2025 13F-HR Holdings

Location
San Antonio, TX
Holdings as of
6/30/2025
Date filed
7/30/2025
Form type
13F-HR
Num holdings
1,298
Total value ($000)
$7,977,571
Net value change ($000)
+839,703 (11.8%)
New positions
174
Sold out positions
159
Turnover %
1.4%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 5/2/2025 Next filing: 10/31/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
MSFT 112,343 31.3%
PVAL 99,874 NEW
NVDA 78,433 46.7%
AVGO 56,246 63.5%
IWP 35,612 36.7%
META 35,408 30.4%
VUG 35,171 16.2%
AMZN 29,025 15.5%
ORCL 28,609 63.4%
EFA 26,011 18.7%
Top Reduces (Value $000, Stocks/ETFs)
AAPL -30,087 -7.1%
UNH -20,486 -37.6%
TLT -15,551 -38.6%
OTIS -10,686 -93.9%
DHI -8,794 -84.6%
SCHD -8,696 -7.6%
ABBV -7,012 -8.7%
APD -6,911 -73.6%
XOM -6,692 -11.0%
WMG -6,495 -93.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type