Cullen Capital Management, LLC Q4 2022 Filing

Filed February 16, 2023

Portfolio Value

$7.8B

Holdings

201

Report Date

Q4 2022

Filing Type

13F-HR

All Holdings (201 positions)

#StockSharesValue% PortfolioType
101
IWDiShares Russell 1000 Value ETF
30,680$4.7B59.71%
102
EGFEYEurobank Ergasias SA (ADR)
8,907,537$4.6B59.44%
103
KTBAirtel Africa PLC
3,283,183$4.4B56.83%
104
Samsung Electronics Co. Ltd. -
4,387$4.4B56.30%
105
Mytilineos SA (ADR)
195,583$4.3B54.62%
106
HONHoneywell International Inc.
18,985$4.1B52.20%
107
MDLZMondelez International Inc.
52,033$3.5B44.51%
108
WMTWal-Mart Stores Inc.
23,465$3.3B42.70%
109
ORCLOracle Corp.
39,411$3.2B41.34%
110
SHGShinhan Financial Group Compan
114,846$3.2B41.16%
111
XLFIConsumer Staples Select Sector
41,785$3.1B39.98%
112
XLBMaterials Select Sector SPDR F
38,571$3.0B38.45%
113
UNPUnion Pacific Corp.
13,919$2.9B36.99%
114
ARWArrow Electronics Inc.
26,384$2.8B35.41%
115
CNRCanadian National Railway Co.
21,831$2.6B33.31%
116
CICigna Corp.
7,675$2.5B32.64%
117
SKMSK Telecom Co Ltd (ADR)
123,159$2.5B32.54%
118
Sasol Ltd.
159,470$2.5B32.40%
119
MCDMcDonald's Corp.
8,993$2.4B30.41%
120
PBRPetroleo Brasileiro SA (ADR)
219,060$2.3B29.94%
121
PGThe Procter & Gamble Co.
15,182$2.3B29.53%
122
AXPAmerican Express Co.
14,889$2.2B28.23%
123
ADMArcher-Daniels-Midland Co.
23,392$2.2B27.87%
124
SSUSamsung Electronics GDR
1,926$2.1B27.31%
125
BWABorgWarner Inc.
47,291$1.9B24.43%
126
SIMOSilicon Motion Technology Corp
29,240$1.9B24.39%
127
EWLiShares MSCI Switzerland ETF
43,604$1.8B23.46%
128
BABOEING CO/THE
9,476$1.8B23.17%
129
PNCThe PNC Financial Services Gro
11,083$1.8B22.46%
130
DISThe Walt Disney Co.
20,044$1.7B22.35%
131
PKGPackaging Corp. of America
13,078$1.7B21.47%
132
PEPPepsiCo Inc.
8,810$1.6B20.43%
133
BHPBHP Group Ltd (ADR)
24,077$1.5B19.17%
134
EWJiShares MSCI Japan ETF
27,143$1.5B18.96%
135
ENORiShares MSCI Norway ETF
59,931$1.5B18.89%
136
XLYConsumer Discretionary Select
10,111$1.3B16.76%
137
AMATApplied Materials Inc.
13,259$1.3B16.57%
138
UBSUBS Group AG (ADR)
66,854$1.2B16.02%
139
TMOThermo Fisher Scientific Inc.
2,176$1.2B15.38%
140
GMFSPDR S&P Emerging Asia Pacific
11,617$1.1B14.32%
141
SRESempra Energy
6,356$982.3M12.61%
142
NANational Bank of Canada
14,374$970.2M12.45%
143
XLUUtilities Select Sector SPDR F
13,270$935.5M12.01%
144
SJTSan Juan Basin Royalty Trust
79,850$911.9M11.70%
145
BGSFBGSF Inc.
54,219$830.6M10.66%
146
RWOSpdr DJ Wilshire Global
19,784$809.2M10.38%
147
FIBKFirst Interstate Bancsystem In
19,659$759.8M9.75%
148
HAEHaemonetics Corp.
9,411$740.2M9.50%
149
FT2First Horizon Corp.
30,118$737.9M9.47%
150
AAPLApple Inc.
5,640$732.8M9.40%
151
EPDEnterprise Products Partners L
25,755$621.2M7.97%
152
PEGPublic Service Enterprise Grou
9,360$573.5M7.36%
153
AMGNAmgen Inc.
2,181$572.8M7.35%
154
ABBVAbbVie Inc.
3,520$568.9M7.30%
155
GEGeneral Electric Co.
6,551$548.9M7.04%
156
CTRACoterra Energy Inc.
22,229$546.2M7.01%
157
WPCWP Carey Inc.
6,815$532.6M6.83%
158
PSAPublic Storage
1,891$529.8M6.80%
159
IBMInternational Business Machine
3,678$518.2M6.65%
160
DENNDenny's Corp.
54,492$501.9M6.44%
161
RYRoyal Bank of Canada
5,305$498.8M6.40%
162
CP.TOCanadian Pacific Railway Ltd.
6,248$466.0M5.98%
163
SB9Sitio Royalties Corp
16,113$464.9M5.97%
164
DDominion Resources Inc.
7,573$464.4M5.96%
165
WYWeyerhaeuser Co.
14,917$462.4M5.93%
166
TALCentral Asia Metals
153,783$460.1M5.90%
167
3R Petroleumon
57,870$413.2M5.30%
168
ABCBAmeris Bancorp
8,762$413.0M5.30%
169
MRKMerck 1/20/23 $113 calls
3,126$403.3M5.18%
170
KOThe Coca-Cola Co.
6,149$391.1M5.02%
171
DINOHF Sinclair Corporation
7,492$388.8M4.99%
172
RLRalph Lauren Corp.
3,673$388.1M4.98%
173
HUNHuntsman Corp.
14,050$386.1M4.95%
174
TKRThe Timken Co.
5,184$366.4M4.70%
175
SJMThe JM Smucker Co.
2,164$342.9M4.40%
176
CCThe Chemours Co.
10,795$330.5M4.24%
177
XLEEnergy Select Sector SPDR Fund
3,672$321.2M4.12%
178
DUKDuke Energy Corp. 1/20/23 $105 calls
3,368$320.0M4.11%
179
BBSIBarrett Business Services Inc.
3,293$307.2M3.94%
180
WOPWoodside Energy Group Ltd. (AD
12,450$301.4M3.87%
181
CIVICivitas Resources Inc.
4,992$289.2M3.71%
182
SSBUSDSouthState Corp.
3,693$282.0M3.62%
183
RYNRayonier Inc.
8,523$280.9M3.61%
184
FNDFSchwab Fundamental Internation
9,133$265.5M3.41%
185
SUZSuzano SA (ADR)
28,555$263.8M3.39%
186
NEMNewmont Corp.
5,465$257.9M3.31%
187
CARRCarrier Global Corporation
5,673$234.0M3.00%
188
HSTHost Hotels & Resorts Inc.
14,528$233.2M2.99%
189
ENBEnbridge Inc.
5,876$229.8M2.95%
190
CRICarter's Inc.
3,078$229.7M2.95%
191
NVSNNovartis 1/20/23 $92.5 calls
2,870$226.7M2.91%
192
GISGeneral Mills Inc.
2,677$224.5M2.88%
193
DGXQuest Diagnostics Inc.
1,386$216.8M2.78%
194
NSCNorfolk Southern Corp.
875$215.6M2.77%
195
CATCaterpillar Inc.
900$215.6M2.77%
196
XOMExxon 1/20/23 $115 calls
1,788$211.0M2.71%
197
OTISOtis Worldwide Corporation
2,646$207.2M2.66%
198
RIORio Tinto 1/20/23 $74.1 calls
2,352$199.9M2.57%
199
ALSThe Allstate Corp 1/20/23 $140 calls
1,425$163.9M2.10%
200
VGREURVector Group Ltd.
13,238$157.0M2.01%
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