Cullen Capital Management, LLC

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
225
Total value ($000)
$9,156,333
Net value change ($000)
+15,199 (0.2%)
New positions
21
Sold out positions
13
Turnover %
4.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/5/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
UL 143,016 NEW
XLC 55,807 2924.9%
FHN 47,217 3601.6%
MRK 44,469 22.6%
AIG 42,285 NEW
QCOM 36,924 33.4%
XLI 35,761 3139.7%
XLP 35,238 5962.4%
UNP 33,860 1576.4%
XLRE 32,631 10594.5%
Top Reduces (Value $000, Stocks/ETFs)
Unilever PLC -147,770 -100.0%
DEO -68,849 -55.1%
DOC -47,263 -24.1%
VICI -46,372 -22.5%
JPM -46,275 -14.6%
CMCSA -43,581 -26.0%
KVUE -38,949 -99.6%
NSC -36,239 -99.4%
DOW -33,396 -38.8%
MO -29,067 -17.7%
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