Cullen Capital Management, LLC

Q1 2014 13F-HR Holdings

Location
New York, NY
Holdings as of
3/31/2014
Date filed
5/14/2014
Form type
13F-HR
Num holdings
200
Total value ($000)
$3,696,394
Net value change ($000)
-108,223 (-2.8%)
New positions
17
Sold out positions
13
Turnover %
9.2%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
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)
VOD 67,582 NEW
GEN DIGITAL INC 17,662 NEW
LLY 16,353 15.4%
MRK 15,130 13.5%
AZN 14,334 16.6%
BNP Paribas SA 12,586 NEW
MSFT 11,600 10.7%
Orkla ASA 10,413 NEW
NEE 9,570 11.8%
SSE PLC 8,621 NEW
Top Reduces (Value $000, Stocks/ETFs)
VOD -141,810 -100.0%
BA -72,442 -69.7%
Kraft Heinz Company -43,021 -100.0%
RAYTHEON CO/ -25,211 -16.8%
KMB -14,344 -14.7%
DIAMOND OFFSHORE DRILLING, INC. -12,085 -14.3%
NORTH ATLANTIC DRILLING LIMITED SHS USD -9,926 -100.0%
Alstom SA -9,908 -100.0%
GE -8,792 -7.6%
Lukoil OAO -8,224 -53.8%
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