Cullen Capital Management, LLCCullen Capital Management, LLC

Institutional investor · Portfolio as of Q1 2026

SEC EDGAR SourceSEC Filings

Top Holdings213 positions

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

NOVARTIS AG

2M$311.3M3.2%$84.26+82.83%
24 qtrssince 2020-Q2
Decreased
0

CISCO SYS INC

3.6M$282.9M2.9%$45.54+166.38%
29 qtrssince 2019-Q1
Decreased
0

JOHNSON & JOHNSON

1.1M$272.5M2.8%$143.85+78.65%
29 qtrssince 2019-Q1
Decreased
0

EXXON MOBIL CORP

1.5M$254.4M2.6%$67.36+106.17%
29 qtrssince 2019-Q1
Decreased
0

BANK AMERICA CORP

5.2M$251.8M2.6%$33.38+78.78%
28 qtrssince 2019-Q2
Decreased
0

DUKE ENERGY CORP NEW

1.9M$251.6M2.6%$83.27+50.69%
29 qtrssince 2019-Q1
Increased
53

CITIGROUP INC

2.2M$251.6M2.6%$57.26+145.88%
29 qtrssince 2019-Q1
Decreased
0

MERCK & CO INC

2.1M$249.4M2.6%$81.22+52.10%
29 qtrssince 2019-Q1
Decreased
0

JPMORGAN CHASE & CO

808,648$237.9M2.4%$134.30+150.53%
29 qtrssince 2019-Q1
Decreased
0

MORGAN STANLEY

1.4M$235.9M2.4%$69.65+219.16%
29 qtrssince 2019-Q1
Decreased
0

CONOCOPHILLIPS

1.8M$235.7M2.4%$78.93+38.14%
29 qtrssince 2019-Q1
Decreased
0

GENERAL DYNAMICS CORP

673,189$231.1M2.4%$197.78+89.64%
25 qtrssince 2020-Q1
Decreased
0

MEDTRONIC PLC

2.6M$228M2.3%$77.55+8.15%
13 qtrssince 2023-Q1
Increased
56

NEXTERA ENERGY INC

2.4M$225.4M2.3%

RTX CORPORATION

1.2M$222.2M2.3%$83.68+134.13%
24 qtrssince 2020-Q2
Decreased
0

JOHNSON CONTROLS INTERNATION

1.7M$221.4M2.3%$57.90+146.64%
13 qtrssince 2023-Q1
Decreased
0

CHUBB LTD SWITZ

674,033$219.7M2.3%$202.47+71.79%
13 qtrssince 2023-Q1
Decreased
0

COMCAST CORP NEW

7.1M$205.3M2.1%$32.14-26.67%
23 qtrssince 2020-Q3
Increased
78

TRUIST FINL CORP

4.5M$204.8M2.1%$37.67+37.15%
26 qtrssince 2019-Q4
Increased
54

PHILIP MORRIS INTL INC

1.2M$196.3M2.0%$77.14+135.45%
29 qtrssince 2019-Q1
Decreased
0
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$9.8B
AUM
213
Positions
Q1 2026
Filing
Rating · 3.5
Quarterly Portfolio Change
-7%Q4'24$8.6B+1%Q1'25$8.7B+1%Q2'25$8.8B+4%Q3'25$9.1B+0%Q4'25$9.2B+7%Q1'26$9.8B
Activity profile
$ moved · Q1'26
New8%Increased49%Decreased36%Exited6%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 4.1 years
<1Q6%1-4Q11%1-2Y6%2Y+77%

Cullen Capital Management, LLC manages $9.8B across 213 positions as of Q1 2026. Top holdings: NVS (3.2%), CSCO (2.9%), JNJ (2.8%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 3.5/5.0.

Q1 2026 Summary

Active quarter - 19 new positions, 31 exits, 91 increased. Top move: CMCSA (INCREASED, conviction 78). Portfolio: $9.8B across 213 positions.

Top holdings by portfolio weight

Total AUM$10B
NVS3.19%
CSCO2.90%
JNJ2.79%
XOM2.61%
BAC2.58%
DUK2.58%
C2.58%
MRK2.56%
JPM2.44%
MS2.42%
Other2.42%

Portfolio allocation by GICS sector

Sectors11
Financial Services18.55%
Healthcare15.49%
Industrials10.12%
Consumer Defensive9.98%
Energy9.81%
Technology8.71%
Communication Services7.41%
Utilities6.37%
Consumer Cyclical5.31%
Real Estate4.80%
Other3.44%

Behavioral investing profile

7-dimension quality assessment
Strong(3.5 / 5.0)
Track Record67
Conviction40
Concentration40
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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.

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

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