CULLEN/FROST BANKERS, INC. Q2 2025 Filing

Filed July 30, 2025

Portfolio Value

$8.0T

Holdings

1,298

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (1,298 positions)

#StockSharesValue% PortfolioType
1
MSFTMICROSOFT CORP COM
946,747$470.9B5.90%
2
AAPLAPPLE INC COM
1,910,139$391.9B4.91%
3
VUGVANGUARD INDEX FDS GROWTH ETF
576,028$252.5B3.17%
4
NVDANVIDIA CORPORATION COM
1,558,710$246.3B3.09%
5
AMZNAMAZON COM INC COM
985,594$216.2B2.71%
6
EFAISHARES TR MSCI EAFE ETF
1,847,040$165.1B2.07%
7
EMXCISHARES INC MSCI EMRG CHN
2,518,698$159.0B1.99%
8
METAMETA PLATFORMS INC CL A
205,652$151.8B1.90%
9
IWFISHARES TR RUS 1000 GRW ETF
354,183$150.4B1.89%
10
AVGOBROADCOM INC COM
525,269$144.8B1.81%
11
IWPISHARES TR RUS MD CP GR ETF
956,036$132.6B1.66%
12
VBVANGUARD INDEX FDS SMALL CP ETF
546,104$129.4B1.62%
13
VVISA INC COM CL A
356,203$126.5B1.59%
14
SPYSPDR S&P 500 ETF TR TR UNIT
195,543$120.8B1.51%
15
VOVANGUARD INDEX FDS MID CAP ETF
423,957$118.6B1.49%
16
GOOGLALPHABET INC CAP STK CL A
645,799$113.8B1.43%
17
JPMJPMORGAN CHASE & CO. COM
376,735$109.2B1.37%
18
SCHDSCHWAB STRATEGIC TR US DIVIDEND EQ
3,987,951$105.7B1.32%
19
IJJISHARES TR S&P MC 400VL ETF
831,931$102.8B1.29%
20
PVALPUTNAM ETF TRUST FOCUSED LAR CAP
2,482,578$99.9B1.25%
21
GOOGALPHABET INC CAP STK CL C
540,599$95.9B1.20%
22
MAMASTERCARD INCORPORATED CL A
164,065$92.2B1.16%
23
COSTCOSTCO WHSL CORP NEW COM
92,237$91.3B1.14%
24
LLYELI LILLY & CO COM
103,839$80.9B1.01%
25
HDHOME DEPOT INC COM
212,000$77.7B0.97%
26
ORCLORACLE CORP COM
337,345$73.8B0.92%
27
ABBVABBVIE INC COM
396,225$73.5B0.92%
28
IWDISHARES TR RUS 1000 VAL ETF
376,947$73.2B0.92%
29
BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW
139,143$67.6B0.85%
30
NOWSERVICENOW INC COM
62,957$64.7B0.81%
31
ETNEATON CORP PLC SHS
153,401$54.8B0.69%
32
XOMEXXON MOBIL CORP COM
503,355$54.3B0.68%
33
JNJJOHNSON & JOHNSON COM
334,983$51.2B0.64%
34
PGPROCTER AND GAMBLE CO COM
309,801$49.4B0.62%
35
WMTWALMART INC COM
503,602$49.2B0.62%
36
4I1PHILIP MORRIS INTL INC COM
269,968$49.2B0.62%
37
NFLXNETFLIX INC COM
35,288$47.3B0.59%
38
BACBANK AMERICA CORP COM
990,527$46.9B0.59%
39
AGGISHARES TR CORE US AGGBD ET
468,528$46.5B0.58%
40
KOCOCA COLA CO COM
644,460$45.6B0.57%
41
BKNGBOOKING HOLDINGS INC COM
7,543$43.7B0.55%
42
CVXCHEVRON CORP NEW COM
304,492$43.6B0.55%
43
AXPAMERICAN EXPRESS CO COM
136,429$43.5B0.55%
44
GLWCORNING INC COM
814,925$42.9B0.54%
45
ISRGINTUITIVE SURGICAL INC COM NEW
78,606$42.7B0.54%
46
AJGGALLAGHER ARTHUR J & CO COM
129,276$41.4B0.52%
47
VEUVANGUARD INTL EQUITY INDEX F ALLWRLD EX US
604,707$40.6B0.51%
48
UNPUNION PAC CORP COM
173,834$40.0B0.50%
49
CSCOCISCO SYS INC COM
564,875$39.2B0.49%
50
BSXBOSTON SCIENTIFIC CORP COM
361,002$38.8B0.49%
51
QCOMQUALCOMM INC COM
237,313$37.8B0.47%
52
VWOVANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF
744,286$36.8B0.46%
53
UNHUNITEDHEALTH GROUP INC COM
108,986$34.0B0.43%
54
ORLYOREILLY AUTOMOTIVE INC COM
368,793$33.2B0.42%
55
SPOTSPOTIFY TECHNOLOGY S A SHS
41,941$32.2B0.40%
56
CMGCHIPOTLE MEXICAN GRILL INC COM
563,325$31.6B0.40%
57
MCOMOODYS CORP COM
62,484$31.3B0.39%
58
VOOVANGUARD INDEX FDS S&P 500 ETF SHS
52,293$29.7B0.37%
59
GLTRABRDN PRECIOUS METALS BASKET PHYSCL PRECS MET
214,960$29.7B0.37%
60
DISDISNEY WALT CO COM
234,714$29.1B0.36%
61
BSVVANGUARD BD INDEX FDS SHORT TRM BOND
364,245$28.7B0.36%
62
MCDMCDONALDS CORP COM
97,457$28.5B0.36%
63
ETRENTERGY CORP NEW COM
341,308$28.4B0.36%
64
LOWLOWES COS INC COM
127,696$28.3B0.36%
65
TXNTEXAS INSTRS INC COM
136,385$28.3B0.35%
66
ADPAUTOMATIC DATA PROCESSING IN COM
91,062$28.1B0.35%
67
SHWSHERWIN WILLIAMS CO COM
81,020$27.8B0.35%
68
AMGNAMGEN INC COM
95,895$26.8B0.34%
69
HONHONEYWELL INTL INC COM
111,462$26.0B0.33%
70
DHRDANAHER CORPORATION COM
130,114$25.7B0.32%
71
AEPAMERICAN ELEC PWR CO INC COM
243,980$25.3B0.32%
72
IBMINTERNATIONAL BUSINESS MACHS COM
85,629$25.2B0.32%
73
SYKSTRYKER CORPORATION COM
63,721$25.2B0.32%
74
GEGE AEROSPACE COM NEW
96,516$24.8B0.31%
75
TLTISHARES TR 20 YR TR BD ETF
280,436$24.7B0.31%
76
TRVTRAVELERS COMPANIES INC COM
91,159$24.4B0.31%
77
MDTMEDTRONIC PLC SHS
276,901$24.1B0.30%
78
CBCHUBB LIMITED COM
82,576$23.9B0.30%
79
CRMSALESFORCE INC COM
87,439$23.8B0.30%
80
ABTABBOTT LABS COM
171,265$23.3B0.29%
81
CMICUMMINS INC COM
69,940$22.9B0.29%
82
KLACKLA CORP COM NEW
25,341$22.7B0.28%
83
BACVERIZON COMMUNICATIONS INC COM
516,737$22.4B0.28%
84
ICEINTERCONTINENTAL EXCHANGE IN COM
121,179$22.2B0.28%
85
BXBLACKSTONE INC COM
147,094$22.0B0.28%
86
UBERUBER TECHNOLOGIES INC COM
235,237$21.9B0.28%
87
ADBEADOBE INC COM
56,324$21.8B0.27%
88
CPCANADIAN PACIFIC KANSAS CITY COM
270,647$21.5B0.27%
89
CMECME GROUP INC COM
76,617$21.1B0.26%
90
COPCONOCOPHILLIPS COM
234,928$21.1B0.26%
91
VLOVALERO ENERGY CORP COM
155,423$20.9B0.26%
92
IVWISHARES TR S&P 500 GRWT ETF
189,534$20.9B0.26%
93
EVRGEVERGY INC COM
297,079$20.5B0.26%
94
TMUST-MOBILE US INC COM
85,225$20.3B0.25%
95
MRVLMARVELL TECHNOLOGY INC COM
261,011$20.2B0.25%
96
HESHESS CORP COM
145,045$20.1B0.25%
97
ADIANALOG DEVICES INC COM
84,401$20.1B0.25%
98
WDAYWORKDAY INC CL A
82,916$19.9B0.25%
99
KKRKKR & CO INC COM
149,333$19.9B0.25%
100
TSLATESLA INC COM
61,576$19.6B0.25%
Page 1 of 13Next