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

Institutional investor · Portfolio as of Q3 2021

SEC EDGAR SourceSEC Filings
$5B
AUM
1,220
Positions
Q3 2021
Filing
Rating · 3.0
Quarterly Portfolio Change
+32%Q2'20$3.8B+6%Q3'20$4B+8%Q4'20$4.3B+5%Q1'21$4.6B+9%Q2'21$5B-1%Q3'21$5B
Activity profile
$ moved · Q3'21
New2%Increased37%Decreased59%Exited1%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 1.9 years
<1Q3%1-4Q16%1-2Y16%2Y+65%

CULLEN/FROST BANKERS, INC. manages $5B across 1220 positions as of Q3 2021. Top holdings: MSFT (5.7%), AAPL (5.4%), AMZN (3.4%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 3/5.0.

Q3 2021 Summary

Active quarter - 52 new positions, 45 exits, 188 increased. Top move: CVX (INCREASED, conviction 58). Portfolio: $5.0B across 1220 positions.

Top holdings by portfolio weight

Total AUM$5B
MSFT5.66%
AAPL5.42%
AMZN3.36%
GOOGL2.10%
GOOG1.88%
IWF1.80%
V1.74%
VO1.67%
HD1.64%
CVX1.63%
Other1.62%

Portfolio allocation by GICS sector

Sectors11
Technology22.28%
Unknown15.72%
Financial Services13.72%
Consumer Cyclical10.97%
Healthcare10.68%
Communication Services9.42%
Consumer Defensive5.20%
Industrials4.57%
Energy3.50%
Basic Materials1.52%
Other2.43%

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.

Holdings1,220 positions

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

MICROSOFT CORP

993,131$280M5.7%$116.62+135.19%
11 qtrssince 2019-Q1
Decreased
0

APPLE INC

1.9M$268.3M5.4%$94.82+47.18%
11 qtrssince 2019-Q1
Decreased
0

AMAZON COM INC

50,670$166.5M3.4%$91.02+81.34%
11 qtrssince 2019-Q1
Decreased
0

ALPHABET INC

38,831$103.8M2.1%$58.85+126.61%
11 qtrssince 2019-Q1
Decreased
0

ALPHABET INC

34,999$93.3M1.9%$60.33+121.31%
11 qtrssince 2019-Q1
Decreased
0
IWFIWF
ETF

iShares Trust RUS 1000 GRW ETF

325,946$89.3M1.8%$144.39+86.38%
11 qtrssince 2019-Q1
Decreased
0

VISA INC

386,829$86.2M1.7%$151.01+45.10%
11 qtrssince 2019-Q1
Decreased
0
VOVO
ETF

VANGUARD INDEX FDS

348,789$82.6M1.7%$154.11+45.28%
11 qtrssince 2019-Q1
Increased
49

HOME DEPOT INC

247,520$81.3M1.6%$167.16+81.42%
11 qtrssince 2019-Q1
Decreased
0

CHEVRON CORPORATION

795,661$80.7M1.6%$86.11-0.03%
11 qtrssince 2019-Q1
Increased
58

JPMORGAN CHASE & CO

490,282$80.3M1.6%$85.64+72.64%
11 qtrssince 2019-Q1
Increased
47

META PLATFORMS INC

222,991$75.7M1.5%$171.43+96.73%
11 qtrssince 2019-Q1
Decreased
0

MASTERCARD INCORPORATED

202,698$70.5M1.4%$227.19+51.44%
11 qtrssince 2019-Q1
Decreased
0

PAYPAL HLDGS INC

258,657$67.3M1.4%$106.75+142.07%
11 qtrssince 2019-Q1
Decreased
0
SPYSPY
Unit

State Street Spdr S&p 500 Etf Trust TR UNIT

137,059$58.9M1.2%$274.98+48.93%
11 qtrssince 2019-Q1
Increased
48

SALESFORCE INC

210,878$57.2M1.2%$160.52+66.49%
11 qtrssince 2019-Q1
Increased
47

DANAHER CORP DEL

176,869$53.9M1.1%$117.25+127.35%
11 qtrssince 2019-Q1
Decreased
0

COSTCO WHOLESALE CORPORATION

116,423$52.3M1.1%$219.58+95.58%
11 qtrssince 2019-Q1
Decreased
0

JOHNSON & JOHNSON

315,672$51M1.0%$117.28+23.58%
11 qtrssince 2019-Q1
Decreased
0

SERVICENOW INC

81,689$50.8M1.0%$49.47+149.82%
11 qtrssince 2019-Q1
Decreased
0
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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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