Cullen Capital Management, LLC Q4 2018 Filing

Filed February 14, 2019

Portfolio Value

$2.3T

Holdings

128

Report Date

Q4 2018

Filing Type

13F-HR

All Holdings (128 positions)

#	Stock	Shares	Value	% Portfolio
1	GPCGenuine Parts Co.	796,460	$76.5B	3.30%
2	NEENextEra Energy Inc	432,565	$75.2B	3.24%
3	—DowDuPont Inc.	1,389,645	$74.3B	3.20%
4	NVSNNovartis AG (ADR)	864,651	$74.2B	3.20%
5	MRKMerck & Co. Inc.	948,340	$72.5B	3.12%
6	WELLWelltower Inc.	1,028,545	$71.4B	3.08%
7	PFEPfizer Inc.	1,623,458	$70.9B	3.06%
8	JNJJohnson & Johnson	514,130	$66.3B	2.86%
9	CVXChevron Corp.	584,000	$63.5B	2.74%
10	JPMJP Morgan Chase & Co.	642,930	$62.8B	2.71%
11	CBChubb Ltd.	482,941	$62.4B	2.69%
12	LLYEli Lilly & Co.	529,605	$61.3B	2.64%
13	CSCOCisco Systems Inc.	1,399,545	$60.6B	2.61%
14	UNUSDUnilever NV (ADR)	1,090,440	$58.7B	2.53%
15	COPConocoPhillips	937,740	$58.5B	2.52%
16	GLWCorning Inc.	1,846,915	$55.8B	2.41%
17	MMM3M Co.	290,180	$55.3B	2.38%
18	MSFTMicrosoft Corp.	537,280	$54.6B	2.35%
19	R6C2Royal Dutch Shell PLC (ADR) Cl	906,540	$54.3B	2.34%
20	SIEBSiemens AG (ADR)	957,255	$53.7B	2.31%
21	TAT&T Inc.	1,801,260	$51.4B	2.22%
22	KMBKimberly-Clark Corp.	449,415	$51.2B	2.21%
23	TRVThe Travelers Companies Inc.	422,935	$50.6B	2.18%
24	WFCWells Fargo & Co.	1,070,075	$49.3B	2.13%
25	RTN1USDRaytheon Co.	321,475	$49.3B	2.13%
26	4I1Philip Morris International In	732,927	$48.9B	2.11%
27	DEODiageo PLC (ADR)	344,075	$48.8B	2.10%
28	WBAWalgreens Boots Alliance Inc.	708,925	$48.4B	2.09%
29	HBC2HSBC Holdings PLC (ADR)	1,098,725	$45.2B	1.95%
30	—SunTrust Banks Inc.	876,210	$44.2B	1.91%
31	BCEBCE Inc.	1,111,855	$44.0B	1.90%
32	XOMExxon Mobil Corp.	624,400	$42.6B	1.84%
33	MOAltria Group Inc.	824,715	$40.7B	1.76%
34	INTCIntel Corp.	838,550	$39.4B	1.70%
35	—HCP Inc.	1,184,610	$33.1B	1.43%
36	JCIJohnson Controls International	1,076,570	$31.9B	1.38%
37	BABOEING CO/THE	80,470	$26.0B	1.12%
38	MNODMMC Norilsk Nickel PJSC (ADR)	800,135	$15.1B	0.65%
39	81299.HKAIA Group Ltd	1,413,200	$11.7B	0.51%
40	TSMTaiwan Semiconductor Manufactu	314,700	$11.6B	0.50%
41	LUKOYLukoil PJSC (ADR)	158,100	$11.3B	0.49%
42	G23AGlobaltrans Investment PLC	1,187,226	$10.8B	0.46%
43	VALEVale SA (ADR)	791,450	$10.4B	0.45%
44	—OPAP SA	1,149,343	$10.0B	0.43%
45	VIV1USDTelefonica Brasil SA (ADR)	697,955	$8.3B	0.36%
46	IBNICICI Bank Ltd. (ADR)	729,900	$7.5B	0.32%
47	ROG.SWRoche Holding AG	27,285	$6.8B	0.29%
48	—Royal Dutch Shell Class B	220,780	$6.6B	0.28%
49	—Nestle S.A.	80,755	$6.6B	0.28%
50	—Zurich Insurance Group AG	20,845	$6.2B	0.27%
51	—Indo Tambangraya Megah PT	4,199,400	$5.9B	0.25%
52	—United Overseas Bank Ltd.	324,960	$5.9B	0.25%
53	TTENTotal SA (ADR)	110,855	$5.8B	0.25%
54	—Sonic Healthcare Ltd.	370,955	$5.8B	0.25%
55	—GlaxoSmithKline PLC	300,230	$5.7B	0.25%
56	—Smurfit Kappa Group PLC	198,460	$5.3B	0.23%
57	—Allianz SE	25,855	$5.2B	0.22%
58	—Tupra-Turkiye Petrol Rafine	233,650	$5.1B	0.22%
59	BACVerizon Communications Inc.	91,202	$5.1B	0.22%
60	ABJAABB Ltd. (ADR)	267,012	$5.1B	0.22%
61	MUV2.DEMuenchener Ruechversicherungs	23,222	$5.1B	0.22%
62	HSBCHSBC Holdings PLC	583,533	$4.8B	0.21%
63	—Siemens AG	41,480	$4.6B	0.20%
64	AZNAstraZeneca PLC (ADR)	117,105	$4.4B	0.19%
65	PPLPPL Corp.	155,330	$4.4B	0.19%
66	—BAE Systems PLC	715,110	$4.2B	0.18%
67	—BOC Hong Kong Holdings Ltd.	1,116,015	$4.1B	0.18%
68	ADMArcher-Daniels-Midland Co.	96,983	$4.0B	0.17%
69	HMCHonda Motor Co. Ltd.	147,900	$3.9B	0.17%
70	—Smiths Group PLC	220,135	$3.8B	0.17%
71	—Value Partners Group Ltd.	5,394,350	$3.7B	0.16%
72	ETNEaton Corp. PLC	50,030	$3.4B	0.15%
73	ABEVAmbev SA (ADR)	839,000	$3.3B	0.14%
74	—Imperial Brands PLC	107,865	$3.3B	0.14%
75	VODVodafone Group PLC (ADR)	169,310	$3.3B	0.14%
76	DUKDuke Energy Corp.	35,560	$3.1B	0.13%
77	—KT&G Corp.	30,950	$2.8B	0.12%
78	—Ascendas India Trust	3,434,700	$2.7B	0.12%
79	—PT Bank Rakyat Indonesia	10,053,000	$2.6B	0.11%
80	—Nippon Telegraph & Telephone C	57,530	$2.4B	0.10%
81	—China Everbright LTD	1,259,500	$2.2B	0.10%
82	CAHCardinal Health Inc.	50,030	$2.2B	0.10%
83	MFCManulife Financial Corp.	139,815	$2.0B	0.09%
84	HONHoneywell International Inc.	13,230	$1.7B	0.08%
85	—RHT Health Trust	3,181,900	$1.7B	0.07%
86	—Major Cineplex Group	2,590,700	$1.7B	0.07%
87	SNYSanofi	17,775	$1.5B	0.07%
88	—BNP Paribas	32,020	$1.4B	0.06%
89	VETVermilion Energy Inc.	64,510	$1.4B	0.06%
90	MDTMedtronic PLC	14,520	$1.3B	0.06%
91	BMTABritish American Tobacco PLC (	39,125	$1.2B	0.05%
92	—Engie	85,950	$1.2B	0.05%
93	—Magyar Telekom Telecommunicati	754,530	$1.2B	0.05%
94	MDLZMondelez International Inc.	26,375	$1.1B	0.05%
95	TMOThermo Fisher Scientific Inc.	4,500	$1.0B	0.04%
96	ORCLOracle Corp.	20,200	$912.0M	0.04%
97	BBTUSDBB&T Corp.	20,850	$903.0M	0.04%
98	TRVCCitigroup Inc.	17,100	$890.0M	0.04%
99	NEMNewmont Mining Corp.	23,200	$804.0M	0.03%
100	ARWArrow Electronics Inc.	11,600	$800.0M	0.03%

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