Cullen Capital Management, LLC Q3 2021 Filing

Filed November 5, 2021

Portfolio Value

$10.2B

Holdings

269

Report Date

Q3 2021

Filing Type

13F-HR

All Holdings (269 positions)

#	Stock	Shares	Value	% Portfolio
201	SPGSimon Property Group Inc.	4,084	$531.0M	5.22%
202	EPDEnterprise Products Partners L	24,246	$525.0M	5.16%
203	WPCWP Carey Inc.	6,885	$503.0M	4.94%
204	HFCUSDHollyFrontier Corp.	15,196	$503.0M	4.94%
205	ADNAcadian Timber Corp.	33,550	$499.0M	4.90%
206	SSBUSDSouthState Corp.	6,582	$491.0M	4.82%
207	AMATApplied Materials Inc.	3,789	$488.0M	4.79%
208	CICigna Corp.	2,346	$470.0M	4.62%
209	AVTAvnet Inc.	12,606	$466.0M	4.58%
210	MKSIMKS Instruments Inc.	3,010	$454.0M	4.46%
211	AMGNAmgen Inc.	2,104	$447.0M	4.39%
212	LAZLazard Ltd.	9,670	$443.0M	4.35%
213	CCThe Chemours Co.	14,795	$430.0M	4.22%
214	—PAX Global Technology Ltd.	338,000	$428.0M	4.20%
215	HPHelmerich & Payne Inc.	15,430	$423.0M	4.16%
216	USBUS Bancorp	6,993	$416.0M	4.09%
217	CP.TOCanadian Pacific Railway Ltd.	6,248	$407.0M	4.00%
218	RYNRayonier Inc.	11,355	$405.0M	3.98%
219	WYWeyerhaeuser Co.	10,853	$386.0M	3.79%
220	GJBSteelcase Inc.	30,176	$383.0M	3.76%
221	—EC Healthcare	279,410	$378.0M	3.71%
222	CARRCarrier Global Corporation	7,223	$374.0M	3.67%
223	CPACopa Holdings S.A.	4,382	$357.0M	3.51%
224	—CatchMark Timber Trust Inc	28,220	$335.0M	3.29%
225	—Stora Enso Oyj	19,870	$333.0M	3.27%
226	KHCThe Kraft Heinz Co.	8,925	$329.0M	3.23%
227	MCFTMasterCraft Boat Holdings Inc.	12,940	$325.0M	3.19%
228	XLEEnergy Select Sector SPDR Fund	6,229	$324.0M	3.18%
229	OTISOtis Worldwide Corporation	3,610	$297.0M	2.92%
230	NEMNewmont Corp.	5,465	$297.0M	2.92%
231	XLFIConsumer Staples Select Sector	4,266	$294.0M	2.89%
232	KOThe Coca-Cola Co.	5,390	$283.0M	2.78%
233	ENICEnel Chile SA (ADR)	115,355	$278.0M	2.73%
234	CBTCabot Corp.	5,543	$278.0M	2.73%
235	—KT&G Corp.	4,040	$277.0M	2.72%
236	XLREReal Estate Select Sector SPDR	6,202	$276.0M	2.71%
237	XLCCommunication Services Select	3,431	$275.0M	2.70%
238	—Bizlink Holding Inc.	33,800	$272.0M	2.67%
239	INGING Groep NV (ADR)	18,726	$271.0M	2.66%
240	TMHCTaylor Morrison Corp.	10,531	$271.0M	2.66%
241	DANOYDanone S.A. (ADR)	19,528	$265.0M	2.60%
242	—Nagacorp Ltd.	308,400	$263.0M	2.58%
243	UFSDomtar Corp.	4,587	$250.0M	2.46%
244	PFCPremier Financial Corp	7,440	$237.0M	2.33%
245	STXSeagate Technology PLC	2,850	$235.0M	2.31%
246	GISGeneral Mills Inc.	3,787	$227.0M	2.23%
247	COKECoca-Cola Bottling Co. Consoli	568	$224.0M	2.20%
248	VLOValero Energy Corp.	3,170	$224.0M	2.20%
249	AKZOYAkzo Nobel NV (ADR)	6,088	$221.0M	2.17%
250	JLLJones Lang LaSalle Inc.	885	$220.0M	2.16%
251	—Bayerische Motoren Werke (BMW)	6,599	$216.0M	2.12%
252	IWDiShares Russell 1000 Value ETF	1,351	$211.0M	2.07%
253	NSCNorfolk Southern Corp.	875	$209.0M	2.05%
254	CR1USDCrane Co.	2,187	$207.0M	2.03%
255	DGXQuest Diagnostics Inc.	1,386	$201.0M	1.97%
256	—Mapletree Industrial Trust	91,350	$187.0M	1.84%
257	—Klabin S/A UNT N2	30,730	$137.0M	1.35%
258	—Link REIT	13,000	$111.0M	1.09%
259	RYCEYRolls-Royce Holdings PLC (ADR)	48,000	$88.0M	0.86%
260	—Singapore Technologies Enginee	30,805	$86.0M	0.84%
261	—Doman Building Materials Group	12,300	$62.0M	0.61%
262	—Banco Del Bajio	31,850	$60.0M	0.59%
263	—The Siam Commerical Bank PCL	15,660	$57.0M	0.56%
264	—PT Indo Tambangraya Megah Taba	37,750	$55.0M	0.54%
265	—Xinyi Solar Holdings Ltd.	21,600	$44.0M	0.43%
266	—Intesa Sanpaolo SPA	13,739	$39.0M	0.38%
267	—Stella International Holdings	30,050	$39.0M	0.38%
268	—Pacific Basin Shipping Ltd.	68,000	$32.0M	0.31%
269	—PT International Nickel Indone	12,000	$4.0M	0.04%

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