Cullen Capital Management, LLC

Q1 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
3/31/2025
Date filed
5/15/2025
Form type
13F-HR
Num holdings
205
Total value ($000)
$8,656,931
Net value change ($000)
+71,326 (0.8%)
New positions
15
Sold out positions
18
Turnover %
2.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/13/2025 Next filing: 9/30/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
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)
OMC 83,839 NEW
KDP 61,525 NEW
BCE 59,639 72.9%
MDT 40,200 19.7%
UPS 37,735 39.5%
MDLZ 36,876 1048.2%
ENB 36,295 10866.8%
JNJ 34,144 20.0%
MO 33,935 24.4%
PNC 31,281 916.0%
Top Reduces (Value $000, Stocks/ETFs)
AVGO -68,319 -32.4%
JPM -47,591 -15.4%
CAG -47,447 -96.8%
XLC -40,509 -98.2%
PM -38,420 -15.8%
EFA -38,378 -100.0%
MS -36,101 -15.7%
TSM -32,072 -54.0%
XLV -31,593 -97.8%
TRV -30,586 -18.0%
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