Cullen Capital Management, LLC
Institutional investor · Portfolio as of Q4 2025
Top Holdings225 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
CISCO SYSTEMS INC | 3.7M | $287.5M | 3.1% | $45.76 | +65.91% | 28 qtrssince 2019-Q1 | Decreased 0 |
NOVARTIS AG-SPONSORED ADR | 2.1M | $286.9M | 3.1% | $84.04 | +65.06% | 28 qtrssince 2019-Q1 | Increased 57 |
BANK OF AMERICA CORP | 5.2M | $284.4M | 3.1% | $33.45 | +65.28% | 27 qtrssince 2019-Q2 | Decreased 0 |
JPMORGAN CHASE & CO | 841,839 | $271.3M | 3.0% | $134.67 | +139.08% | 28 qtrssince 2019-Q1 | Decreased 0 |
CITIGROUP INC | 2.3M | $268.7M | 2.9% | $56.68 | +102.82% | 28 qtrssince 2019-Q1 | Decreased 0 |
MORGAN STANLEY | 1.5M | $267.2M | 2.9% | $68.93 | +153.38% | 28 qtrssince 2019-Q1 | Decreased 0 |
MERCK & CO. INC. | 2.3M | $241.2M | 2.6% | $81.38 | +30.33% | 28 qtrssince 2019-Q1 | Decreased 0 |
JOHNSON & JOHNSON | 1.2M | $239.9M | 2.6% | $144.00 | +43.69% | 28 qtrssince 2019-Q1 | Decreased 0 |
MEDTRONIC PLC | 2.5M | $239.7M | 2.6% | $76.51 | +26.34% | 12 qtrssince 2023-Q1 | Decreased 0 |
GENERAL DYNAMICS CORP | 695,181 | $234M | 2.6% | $197.78 | +70.94% | 24 qtrssince 2020-Q1 | Decreased 0 |
DUKE ENERGY CORP | 1.9M | $223.5M | 2.4% | $82.81 | +40.91% | 28 qtrssince 2019-Q1 | Decreased 0 |
RAYTHEON TECHNOLOGIES CORP | 1.2M | $218.3M | 2.4% | $82.86 | +118.96% | 23 qtrssince 2020-Q2 | Decreased 0 |
TRUIST BANK | 4.3M | $213.9M | 2.3% | $36.79 | +29.76% | 25 qtrssince 2019-Q4 | Decreased 0 |
CHUBB LTD | 681,729 | $212.8M | 2.3% | $201.82 | +53.72% | 12 qtrssince 2023-Q1 | Decreased 0 |
JOHNSON CONTROLS INTERNATION | 1.7M | $207M | 2.3% | $57.90 | +108.87% | 12 qtrssince 2023-Q1 | Decreased 0 |
EXXON MOBIL CORP | 1.7M | $203.8M | 2.2% | $68.16 | +76.32% | 28 qtrssince 2019-Q1 | Decreased 0 |
NEXTERA ENERGY INC | 2.5M | $197.5M | 2.2% | — | — | — | — |
PHILIP MORRIS INTERNATIONAL | 1.2M | $191.1M | 2.1% | $77.56 | +108.80% | 28 qtrssince 2019-Q1 | Decreased 0 |
BROADCOM INC | 531,398 | $183.9M | 2.0% | $159.07 | +119.93% | 22 qtrssince 2020-Q3 | Decreased 0 |
CONOCOPHILLIPS | 1.9M | $179.3M | 2.0% | $79.98 | +17.65% | 28 qtrssince 2019-Q1 | Decreased 0 |
Cullen Capital Management, LLC manages $9.2B across 225 positions as of Q4 2025. Top holdings: CSCO (3.1%), NVS (3.1%), BAC (3.1%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 3.5/5.0.
Active quarter - 21 new positions, 13 exits, 55 increased. Top move: NVS (INCREASED, conviction 57). Portfolio: $9.2B across 225 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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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