Cullen Capital Management, LLC
SEC Form 13F institutional filer · CIK 0001362535
13F-HR · 105 reported holdings · 2026-03-31
Investment manager.
Reported long-US-equity value
$7.86B
Top-10 concentration
32.1%
Cullen Capital Management, LLC — $7.86B AUM allocation strategy
Cullen Capital Management, LLC files SEC Form 13F and reports $7.86B of long US equity value across 105 reported holdings for 2026-03-31.
Its largest sector bet is Financials 17.9%, followed by Health Care 9.6% and Industrials 8.6%.
The top 10 holdings account for 32% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Cullen Capital Management, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$7.86B
total across 105 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
32% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$CMCSA +2.99M sh · +$80.9M+$DOC +1.74M sh · +$31.9M+$VICI +1.1M sh · +$25.5M
Biggest trims (shares)
−$XLRE −772K sh · −$31.1M−$XLC −484K sh · −$57.1M−$VZ −456K sh · −$11M
Exited to nil (held last quarter, gone now)
$PCAR ($57.5M last qtr)$XLB ($28.4M last qtr)$XLE ($9.12M last qtr)$IYY ($2.98M last qtr)$GE ($1.99M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Diversified Banks12.1%—
- Pharmaceuticals6.6%—
- Aerospace & Defense5.8%—
- Communications Equipment3.6%—
- Integrated Oil & Gas3.3%—
- Electric Utilities3.2%—
- Investment Banking & Brokerage3.0%—
- Oil & Gas Exploration & Production3.0%—
- Other holdings59.4%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $CSCO | Cisco Systems Inc | 3.65M | $283M | -86.9K | 3.6% |
| $JNJ | Johnson & Johnson | 1.11M | $273M | -44.1K | 3.5% |
| $XOM | ExxonMobil Holdings Corporation | 1.5M | $254M | -194K | 3.2% |
| $BAC | Bank of America Corporation | 5.16M | $252M | -5.35K | 3.2% |
| $DUK | Duke Energy Corporation | 1.92M | $252M | +14.7K | 3.2% |
| $C | Citigroup Inc | 2.22M | $252M | -84.6K | 3.2% |
| $MRK | Merck & Company Inc | 2.07M | $249M | -218K | 3.2% |
| $JPM | JP Morgan Chase & Co | 809K | $238M | -33.2K | 3.0% |
| $MS | Morgan Stanley | 1.43M | $236M | -71.4K | 3.0% |
| $COP | ConocoPhillips | 1.79M | $236M | -130K | 3.0% |
…and 95 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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