Cullen Capital Management, LLC

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/5/2025
Form type
13F-HR
Num holdings
217
Total value ($000)
$9,141,134
Net value change ($000)
+359,606 (4.1%)
New positions
27
Sold out positions
8
Turnover %
2.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 9/30/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
UNH 81,724 NEW
BDX 70,576 111.2%
BCE 69,705 87.4%
DEO 46,142 58.6%
JNJ 36,570 19.8%
TIGO 31,213 NEW
TFC 30,895 17.3%
GD 29,460 13.6%
DOC 28,020 16.7%
SW 26,916 121.3%
Top Reduces (Value $000, Stocks/ETFs)
T -65,537 -28.5%
CAG -54,861 -97.8%
BAX -50,009 -100.0%
AVGO -32,949 -14.3%
RIO -32,360 -62.9%
PM -31,383 -13.9%
PFE -30,769 -34.8%
XLC -20,447 -91.5%
XLV -18,139 -93.8%
UPS -17,062 -12.8%
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