CULLEN/FROST BANKERS, INC.CULLEN/FROST BANKERS, INC.

Institutional investor · Portfolio as of Q1 2025

SEC EDGAR SourceSEC Filings
$7.1B
AUM
1,285
Positions
Q1 2025
Filing
Rating · 3.0
Quarterly Portfolio Change
+11%Q4'23$6.4B+6%Q1'24$6.7B+2%Q2'24$6.9B+6%Q3'24$7.3B-0%Q4'24$7.3B-2%Q1'25$7.1B
Activity profile
$ moved · Q1'25
New1%Increased51%Decreased48%Exited0%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 4.1 years
<1Q7%1-4Q15%1-2Y6%2Y+73%

CULLEN/FROST BANKERS, INC. manages $7.1B across 1285 positions as of Q1 2025. Top holdings: AAPL (5.9%), MSFT (5.0%), VUG (3.0%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 3/5.0.

Q1 2025 Summary

Active quarter - 182 new positions, 245 exits, 546 increased. Top move: VUG (INCREASED, conviction 57). Portfolio: $7.1B across 1285 positions.

Top holdings by portfolio weight

Total AUM$7B
AAPL5.91%
MSFT5.02%
VUG3.05%
AMZN2.62%
NVDA2.35%
EFA1.95%
EMXC1.90%
IWF1.85%
V1.74%
META1.63%
Other1.60%

Portfolio allocation by GICS sector

Sectors11
Unknown27.01%
Technology22.01%
Financial Services11.50%
Healthcare8.83%
Consumer Cyclical7.88%
Communication Services6.80%
Consumer Defensive5.04%
Industrials4.58%
Energy2.56%
Utilities1.45%
Other2.34%

Behavioral investing profile

7-dimension quality assessment
Solid(3.0 / 5.0)
Track Record63
Conviction38
Concentration0
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Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Holdings1,285 positions

Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction

APPLE INC

1.9M$422M5.9%$101.38+114.01%
25 qtrssince 2019-Q1
Decreased
0

MICROSOFT CORP

955,214$358.6M5.0%$135.67+177.71%
25 qtrssince 2019-Q1
Decreased
0
VUGVUG
ETF

Vanguard Index Funds GROWTH ETF

586,161$217.4M3.0%$245.86+50.18%
25 qtrssince 2019-Q1
Increased
57

AMAZON COM INC

983,936$187.2M2.6%$104.43+84.54%
25 qtrssince 2019-Q1
Increased
53

NVIDIA CORPORATION

1.5M$167.8M2.4%$113.20-3.14%
25 qtrssince 2019-Q1
Decreased
0
EFAEFA
ETF

iShares Trust MSCI EAFE ETF

1.7M$139.1M1.9%$62.25+27.89%
25 qtrssince 2019-Q1
Increased
51
EMXCEMXC
ETF

ISHARES INC

2.5M$135.4M1.9%$55.92-4.29%
7 qtrssince 2023-Q3
Increased
52
IWFIWF
ETF

iShares Trust RUS 1000 GRW ETF

366,190$132.2M1.9%$195.23+84.14%
25 qtrssince 2019-Q1
Decreased
0

VISA INC

355,288$124.5M1.7%$157.49+116.08%
25 qtrssince 2019-Q1
Increased
47

META PLATFORMS INC

201,924$116.4M1.6%$261.07+120.41%
25 qtrssince 2019-Q1
Increased
49
SCHDSCHD
ETF

SCHWAB STRATEGIC TR

4.1M$114.4M1.6%$25.03+6.98%
20 qtrssince 2020-Q2
Decreased
0
SPYSPY
Unit

State Street Spdr S&p 500 Etf Trust TR UNIT

193,684$108.3M1.5%$334.72+64.57%
25 qtrssince 2019-Q1
Increased
48
VBVB
ETF

VANGUARD INDEX FDS

485,484$107.7M1.5%$185.36+18.38%
25 qtrssince 2019-Q1
Increased
51
VOVO
ETF

VANGUARD INDEX FDS

410,358$106.1M1.5%$167.35+51.91%
25 qtrssince 2019-Q1
Increased
48

ALPHABET INC

650,623$100.6M1.4%$96.90+58.83%
25 qtrssince 2019-Q1
Increased
48
IWPIWP
ETF

iShares Trust RUS MD CP GR ETF

825,357$97M1.4%$96.75+21.22%
25 qtrssince 2019-Q1
Increased
52

JPMORGAN CHASE & CO

377,600$92.6M1.3%$89.69+165.33%
25 qtrssince 2019-Q1
Decreased
0

MASTERCARD INCORPORATED

164,840$90.4M1.3%$232.93+130.76%
25 qtrssince 2019-Q1
Increased
47

COSTCO WHOLESALE CORPORATION

94,119$89M1.2%$230.90+300.43%
25 qtrssince 2019-Q1
Decreased
0
IJJIJJ
ETF

ISHARES TR

741,779$88.8M1.2%$100.34+17.04%
25 qtrssince 2019-Q1
Increased
50
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Accumulation Streaks

Positions with 2+ consecutive quarters of increases - persistent directional conviction.

Security
7Q
14020Y508CAPITAL GRP FIXED INCM ETF T
Q3 2024 Q1 2026+139,752 shares+$3.7M
7Q
CGGRCAPITAL GROUP GROWTH ETF
Q3 2024 Q1 2026+105,186 shares+$4.4M
7Q
CGUSCAPITAL GROUP CORE EQUITY ET
Q3 2024 Q1 2026+174,945 shares+$6.8M

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

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