Cullen Capital Management, LLC Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$9.2B

Holdings

225

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (225 positions)

#StockSharesValue% PortfolioType
1
CSCOCisco Systems Inc.
3,732,436$287.5M3.14%
2
NVSNNovartis AG (ADR)
2,080,796$286.9M3.13%
3
BACBank of America Corp.
5,170,265$284.4M3.11%
4
JPMJP Morgan Chase & Co.
841,839$271.3M2.96%
5
TRVCCitigroup Inc.
2,302,748$268.7M2.93%
6
DWDMorgan Stanley
1,504,927$267.2M2.92%
7
MRKMerck & Co. Inc.
2,291,041$241.2M2.63%
8
JNJJohnson & Johnson
1,159,046$239.9M2.62%
9
MDTMedtronic PLC
2,495,206$239.7M2.62%
10
GDGeneral Dynamics Corp.
695,181$234.0M2.56%
11
DUKDuke Energy Corp.
1,906,717$223.5M2.44%
12
RTXRTX Corp
1,190,191$218.3M2.38%
13
TFCTruist Financial Corp
4,347,033$213.9M2.34%
14
CBChubb Ltd.
681,729$212.8M2.32%
15
JCIJohnson Controls International
1,728,794$207.0M2.26%
16
XOMExxon Mobil Corp.
1,693,138$203.8M2.23%
17
NEENextEra Energy Inc.
2,460,053$197.5M2.16%
18
4I1Philip Morris International In
1,191,567$191.1M2.09%
19
AVGOBroadcom Ltd.
531,398$183.9M2.01%
20
COPConocoPhillips
1,915,053$179.3M1.96%
21
GPCGenuine Parts Co.
1,336,590$164.3M1.79%
22
VICIVici Properties Inc.
5,688,540$160.0M1.75%
23
DOCHealthpeak Properties Inc
9,247,344$148.7M1.62%
24
QCOMQualcomm Inc.
863,078$147.6M1.61%
25
LOWLowe's Companies Inc.
607,775$146.6M1.60%
26
TRVThe Travelers Companies Inc.
497,171$144.2M1.57%
27
ULUnilever PLC (ADR)
2,186,791$143.0M1.56%
28
TAT&T Inc.
5,714,515$141.9M1.55%
29
BCEBCE Inc.
5,693,693$135.6M1.48%
30
BDXBecton Dickinson & Co.
697,777$135.4M1.48%
31
MOAltria Group Inc.
2,338,076$134.8M1.47%
32
CVXChevron Corp.
870,778$132.7M1.45%
33
CMCSAComcast Corp. (Cl A)
4,159,312$124.3M1.36%
34
UNHUnitedHealth Group Inc.
332,894$109.9M1.20%
35
UPSUnited Parcel Service Inc.
1,081,467$107.3M1.17%
36
MSFTMicrosoft Corp.
202,963$98.2M1.07%
37
8CWCrown Castle Inc.
1,066,389$94.8M1.04%
38
DYHTarget Corp.
925,442$90.5M0.99%
39
ASXASE Technology Holding Company (ADR)
5,607,381$90.3M0.99%
40
OMCOmnicom Group Inc.
1,080,978$87.3M0.95%
41
BMTABritish American Tobacco PLC (ADR)
1,334,963$75.6M0.83%
42
TSMTaiwan Semiconductor Mfg Ltd (ADR)
237,805$72.3M0.79%
43
BMYBristol-Myers Squibb Co.
1,176,726$63.5M0.69%
44
NGGNational Grid PLC (ADR)
761,975$58.9M0.64%
45
XLCState Street Communication Ser
490,271$57.7M0.63%
46
PCARPACCAR Inc.
525,036$57.5M0.63%
47
DEODiageo PLC (ADR)
650,211$56.1M0.61%
48
PNCThe PNC Financial Services Gro
259,784$54.2M0.59%
49
PPLPPL Corp.
1,509,426$52.9M0.58%
50
DOWDow Inc
2,257,481$52.8M0.58%
51
PFEPfizer Inc.
2,097,331$52.2M0.57%
52
IBNICICI Bank Ltd. (ADR)
1,747,387$52.1M0.57%
53
BACVerizon Communications Inc.
1,260,646$51.3M0.56%
54
ENBEnbridge Inc.
1,063,905$50.9M0.56%
55
TMToyota Motor Corp. (ADR)
236,355$50.6M0.55%
56
FT2First Horizon Corp.
2,030,457$48.5M0.53%
57
EOGEOG Resources Inc.
452,854$47.6M0.52%
58
IBMInternational Business Machine
154,588$45.8M0.50%
59
SYYSysco Corp.
619,282$45.6M0.50%
60
CCEPCoca Cola Euro Pacific Partner
491,058$44.5M0.49%
61
AIGAmerican International Group I
494,273$42.3M0.46%
62
KDPKeurig Dr Pepper Inc
1,478,726$41.4M0.45%
63
KOFCoca-Cola Femsa SAB de CV (ADR)
423,641$40.1M0.44%
64
RIORio Tinto PLC (ADR)
498,868$39.9M0.44%
65
PPGPPG Industries Inc.
386,150$39.6M0.43%
66
XLIState Street Industrial Select
237,878$36.9M0.40%
67
TIGOMillicom Intl Cellular
656,608$36.4M0.40%
68
UNPUnion Pacific Corp.
155,665$36.0M0.39%
69
XLFIState Street Consumer Staples
461,242$35.8M0.39%
70
SWSmurfit Westrock PLC
924,448$35.7M0.39%
71
SHELShell PLC (ADR)
480,347$35.3M0.39%
72
XLREState Street Real Estate Selec
816,329$32.9M0.36%
73
XLBState Street Materials Select
626,265$28.4M0.31%
74
NVONovo Nordisk A/S (ADR)
547,520$27.9M0.30%
75
PBRPetroleo Brasileiro SA (ADR)
2,271,269$26.9M0.29%
76
EWYiShares MSCI South Korea ETF
269,232$26.2M0.29%
77
CPACopa Holdings SA
163,557$19.7M0.22%
78
SNYSanofi (ADR)
360,777$17.5M0.19%
79
EFViShares MSCI EAFE Value ETF
217,890$15.6M0.17%
80
XLVState Street Health Care Selec
94,269$14.6M0.16%
81
TTETotalEnergies SE
199,123$13.0M0.14%
82
ACWXiShares MSCI ACWI ex US ETF
186,200$12.5M0.14%
83
EEMiShares MSCI Emerging Markets
187,165$10.2M0.11%
84
EWTiShares MSCI Taiwan ETF
154,975$9.8M0.11%
85
KBIAKB Financial Group Inc. (ADR)
110,730$9.5M0.10%
86
XLEState Street Energy Select Sec
204,009$9.1M0.10%
87
IWDiShares Russell 1000 Value ETF
30,562$6.4M0.07%
88
LAURLaureate Education Inc.
186,590$6.3M0.07%
89
AXPAmerican Express Co.
16,977$6.3M0.07%
90
BABAAlibaba Group Holding Ltd. (ADR)
42,462$6.2M0.07%
91
AMATApplied Materials Inc.
20,110$5.2M0.06%
92
ITUBItau Unibanco Holding SA (ADR)
685,872$4.9M0.05%
93
WMTWalmart Inc.
42,019$4.7M0.05%
94
ETNEaton Corp. PLC
14,304$4.6M0.05%
95
DISThe Walt Disney Co.
37,453$4.3M0.05%
96
ORCLOracle Corp.
21,445$4.2M0.05%
97
EPIWisdomTree India Earnings Fund
88,959$4.1M0.04%
98
BWABorgWarner Inc.
88,811$4.0M0.04%
99
XLFState Street Financial Select
71,693$3.9M0.04%
100
CIThe Cigna Group
13,912$3.8M0.04%
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