Cullen Capital Management, LLC

Q2 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
6/30/2025
Date filed
9/30/2025
Form type
13F-HR
Num holdings
198
Total value ($000)
$8,781,528
Net value change ($000)
+124,597 (1.4%)
New positions
11
Sold out positions
18
Turnover %
3.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/15/2025 Next filing: 11/5/2025 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)
AVGO 88,547 62.2%
BDX 63,486 NEW
NGG 56,462 NEW
CAG 54,499 3429.8%
PCAR 53,272 NEW
T 50,073 27.8%
PPG 46,837 NEW
JPM 41,819 16.0%
COP 40,573 30.5%
MS 36,474 18.8%
Top Reduces (Value $000, Stocks/ETFs)
KVUE -165,016 -76.0%
CVX -109,023 -45.7%
DOW -74,390 -46.9%
BCE -61,678 -43.6%
RTX -42,994 -16.7%
MDLZ -36,350 -90.0%
DOC -36,193 -17.7%
PFE -31,369 -26.2%
CMCSA -24,598 -12.5%
XOM -22,584 -9.8%
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