Cullen Capital Management
James CullenNew York, NYfiles as Cullen Capital Management, LLC
$10.2bn in 208 US stocks at the end of 30 June 2026. The top 10 are 26.8% of the money. It changed about 10.0% of the portfolio this quarter.
Value
$10.2bn
Stocks
208
Top 10 share
26.8%
Turnover
10.0%
What changed this quarter
New
Bought for the first time this quarter.
- ExxonMobil HoldingsXOM2.0% of the fund
- Honeywell InternationalHON0.2% of the fund
- Honeywell AerospaceHONA0.2% of the fund
- Joint Stock Co Kaspi.kzKSPI0.2% of the fund
- Nu HoldingsNU<0.1% of the fund
- DuPont de NemoursDD<0.1% of the fund
- Devon EnergyDVN<0.1% of the fund
- IsharesEWM<0.1% of the fund
- Select Sector Spdr TRXLU<0.1% of the fund
- Royal Bank of CanadaRY<0.1% of the fund
- MascoMAS<0.1% of the fund
- TerexTEX<0.1% of the fund
- Energy RecoveryERII<0.1% of the fund
Added
Bought more of a stock they already held.
- Vici PropertiesVICI1.8% of the fund+3%
- United Parcel ServiceUPS1.8% of the fund+2%
- QualcommQCOM1.7% of the fund+5%
- UnileverUL1.6% of the fund+4%
- Lowe's CompaniesLOW1.4% of the fund+3%
- British American Tobacco p.l.c.BTI1.3% of the fund+62%
- Restaurant Brands InternationalQSR1.3% of the fund+60%
- Becton DickinsonBDX1.2% of the fund+13%
- MicrosoftMSFT1.1% of the fund+45%
- Copa HoldingsCPA0.9% of the fund+38%
- DiageoDEO0.8% of the fund+6%
- International Business MachinesIBM0.7% of the fund+51%
- National GridNGG0.7% of the fund+3%
- Toyota MotorTM0.6% of the fund+25%
- SyscoSYY0.6% of the fund+29%
- Rio TintoRIO0.6% of the fund+4%
- Smurfit WestrockSW0.6% of the fund+9%
- Novo Nordisk A SNVO0.6% of the fund+55%
- TotalEnergies SETTE0.5% of the fund+12%
- Power Corp CDAPWCDF0.5% of the fund+2%
- Verizon CommunicationsVZ0.5% of the fund+48%
- Coca-Cola Femsa SAB de CVKOF0.5% of the fund+6%
- Petrobras - Petroleo Brasileiro SAPBR0.5% of the fund+4%
- OrixIX0.5% of the fund+13%
- ShellSHEL0.3% of the fund+50%
Cut
Sold some of their stake.
- Cisco SystemsCSCO3.0% of the fund-30%
- CitigroupC2.7% of the fund-13%
- MerckMRK2.5% of the fund-3%
- Bank of AmericaBAC2.4% of the fund-16%
- Healthpeak PropertiesDOC2.1% of the fund-11%
- ConocoPhillipsCOP1.8% of the fund-2%
- Genuine PartsGPC1.6% of the fund-10%
- Altria GroupMO1.6% of the fund-3%
- ComcastCMCSA1.3% of the fund-26%
- BCEBCE1.1% of the fund-17%
- ASE Technology HldgASX0.9% of the fund-48%
- Taiwan Semiconductor ManufacturingTSM0.8% of the fund-6%
- Crown CastleCCI0.8% of the fund-14%
- Millicom International Cellular SATIGO0.7% of the fund-5%
- PfizerPFE0.6% of the fund-9%
- Keurig Dr PepperKDP0.5% of the fund-4%
- PPLPPL0.5% of the fund-3%
- First HorizonFHN0.5% of the fund-7%
- DOWDOW0.4% of the fund-35%
- PPG IndustriesPPG0.4% of the fund-3%
- IsharesEWY0.4% of the fund-11%
- Coca-Cola Europacific PartnersCCEP0.3% of the fund-16%
- Icici BankIBN0.3% of the fund-19%
- Applied MaterialsAMAT0.1% of the fund-13%
- BorgwarnerBWA<0.1% of the fund-18%
Sold out
Sold their entire stake.
- ExxonMobil HoldingsXOM-100%
- Honeywell InternationalHON-100%
- Ishares TREEM-100%
- DuPont de NemoursDD-100%
- Fidelity National Information ServicesFIS-100%
- Ishares TRACWX-100%
- Coterra EnergyCTRA-100%
- Great Lakes Dredge & DockGLDD-100%
- Ishares TRWOOD-100%
- Power Solutions InternationalPSIX-100%
- WeyerhaeuserWY-100%
- Ishares TRILF-100%
- WatersWAT-100%
- SM EnergySM-100%
- State STR Spdr DOW Jones INDDIA-100%
- Northrop GrummanNOC-100%
- RayonierRYN-100%
- Suzano S ASUZ-100%
Holdings
- UnileverUL
- Share
- 1.6%
- Value
- $165m
- Shares
- 2,745,360
+4%
- BCEBCE
- Share
- 1.1%
- Value
- $107m
- Shares
- 4,975,496
-17%
- ASE Technology HldgASX
- Share
- 0.9%
- Value
- $94m
- Shares
- 2,090,788
-48%
- National GridNGG
- Share
- 0.7%
- Value
- $68m
- Shares
- 815,548
+3%
- Power Corp CDAPWCDF
- Share
- 0.5%
- Value
- $55m
- Shares
- 886,766
+2%
- Coca-Cola Femsa SAB de CVKOF
- Share
- 0.5%
- Value
- $48m
- Shares
- 447,737
+6%
- OrixIX
- Share
- 0.5%
- Value
- $46m
- Shares
- 1,220,846
+13%
- IsharesEWY
- Share
- 0.4%
- Value
- $41m
- Shares
- 201,699
-11%
- ShellSHEL
- Share
- 0.3%
- Value
- $35m
- Shares
- 448,464
+50%
- Sanofi SASNY
- Share
- 0.3%
- Value
- $26m
- Shares
- 615,593
+4%
- Honeywell AerospaceHONA
- Share
- 0.2%
- Value
- $24m
- Shares
- 106,610
New
- IsharesEWT
- Share
- 0.2%
- Value
- $17m
- Shares
- 160,199
+3%
- Axia Energia SAAXIAY
- Share
- 0.1%
- Value
- $11m
- Shares
- 1,038,647
+41%
- Select Sector Spdr TRXLC
- Share
- <0.1%
- Value
- $8m
- Shares
- 76,370
+1199%
- Select Sector Spdr TRXLV
- Share
- <0.1%
- Value
- $8m
- Shares
- 51,416
+597%
- Itau Unibanco Hldg S AITUB
- Share
- <0.1%
- Value
- $8m
- Shares
- 929,368
+6%
- Wisdomtree TREPI
- Share
- <0.1%
- Value
- $4m
- Shares
- 93,411
-18%
- IsharesECH
- Share
- <0.1%
- Value
- $4m
- Shares
- 88,688
+6%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Novartis AGNVS | 3.1% | $319m | 2,033,040 | Held |
| Cisco SystemsCSCO | 3.0% | $300m | 2,557,662 | -30% |
| Morgan StanleyMS | 2.9% | $295m | 1,413,521 | Held |
| Johnson & JohnsonJNJ | 2.7% | $279m | 1,099,077 | Held |
| CitigroupC | 2.7% | $270m | 1,929,255 | -13% |
| JPMorgan ChaseJPM | 2.6% | $265m | 810,780 | Held |
| MerckMRK | 2.5% | $259m | 2,016,795 | -3% |
| Bank of AmericaBAC | 2.4% | $247m | 4,335,818 | -16% |
| Duke EnergyDUK | 2.4% | $245m | 1,933,412 | Held |
| Johnson Controls InternationalJCI | 2.4% | $244m | 1,671,438 | Held |
| General DynamicsGD | 2.4% | $239m | 675,358 | Held |
| ChubbCB | 2.3% | $230m | 674,693 | Held |
| Truist FinancialTFC | 2.2% | $223m | 4,473,955 | Held |
| RTXRTX | 2.1% | $218m | 1,151,388 | Held |
| Philip Morris InternationalPM | 2.1% | $217m | 1,197,637 | Held |
| NextEra EnergyNEE | 2.1% | $212m | 2,418,915 | Held |
| Healthpeak PropertiesDOC | 2.1% | $209m | 9,768,642 | -11% |
| ExxonMobil HoldingsXOM | 2.0% | $204m | 1,492,052 | New |
| MedtronicMDT | 2.0% | $203m | 2,591,898 | Held |
| BroadcomAVGO | 2.0% | $201m | 532,119 | Held |
| UnitedHealth GroupUNH | 1.9% | $198m | 475,519 | Held |
| Vici PropertiesVICI | 1.8% | $185m | 6,969,674 | +3% |
| ConocoPhillipsCOP | 1.8% | $182m | 1,748,628 | -2% |
| United Parcel ServiceUPS | 1.8% | $178m | 1,656,471 | +2% |
| QualcommQCOM | 1.7% | $174m | 939,601 | +5% |
| Genuine PartsGPC | 1.6% | $166m | 1,411,008 | -10% |
| Altria GroupMO | 1.6% | $166m | 2,311,947 | -3% |
| UnileverUL | 1.6% | $165m | 2,745,360 | +4% |
| Travelers CompaniesTRV | 1.6% | $159m | 480,235 | Held |
| TargetTGT | 1.4% | $146m | 1,116,467 | Held |
| ChevronCVX | 1.4% | $142m | 859,592 | Held |
| Lowe's CompaniesLOW | 1.4% | $139m | 631,354 | +3% |
| British American Tobacco p.l.c.BTI | 1.3% | $134m | 2,175,636 | +62% |
| ComcastCMCSA | 1.3% | $130m | 5,287,200 | -26% |
| Restaurant Brands InternationalQSR | 1.3% | $128m | 1,770,095 | +60% |
| Becton DickinsonBDX | 1.2% | $125m | 824,720 | +13% |
| AT&TT | 1.2% | $118m | 5,722,075 | Held |
| MicrosoftMSFT | 1.1% | $109m | 292,959 | +45% |
| BCEBCE | 1.1% | $107m | 4,975,496 | -17% |
| ASE Technology HldgASX | 0.9% | $94m | 2,090,788 | -48% |
| Copa HoldingsCPA | 0.9% | $89m | 571,263 | +38% |
| Taiwan Semiconductor ManufacturingTSM | 0.8% | $86m | 179,777 | -6% |
| Omnicom GroupOMC | 0.8% | $86m | 1,176,691 | Held |
| DiageoDEO | 0.8% | $82m | 1,018,308 | +6% |
| Crown CastleCCI | 0.8% | $78m | 1,026,370 | -14% |
| International Business MachinesIBM | 0.7% | $72m | 254,463 | +51% |
| Millicom International Cellular SATIGO | 0.7% | $71m | 785,131 | -5% |
| National GridNGG | 0.7% | $68m | 815,548 | +3% |
| Toyota MotorTM | 0.6% | $66m | 391,325 | +25% |
| SyscoSYY | 0.6% | $65m | 782,576 | +29% |
| Bristol-Myers SquibbBMY | 0.6% | $65m | 1,132,367 | Held |
| Rio TintoRIO | 0.6% | $65m | 684,440 | +4% |
| Smurfit WestrockSW | 0.6% | $63m | 1,359,382 | +9% |
| EOG ResourcesEOG | 0.6% | $62m | 479,999 | Held |
| EnbridgeENB | 0.6% | $62m | 1,145,111 | Held |
| PfizerPFE | 0.6% | $59m | 2,447,200 | -9% |
| Novo Nordisk A SNVO | 0.6% | $59m | 1,224,955 | +55% |
| TotalEnergies SETTE | 0.5% | $56m | 718,986 | +12% |
| Keurig Dr PepperKDP | 0.5% | $56m | 1,700,621 | -4% |
| Power Corp CDAPWCDF | 0.5% | $55m | 886,766 | +2% |
| PPLPPL | 0.5% | $55m | 1,502,353 | -3% |
| Verizon CommunicationsVZ | 0.5% | $51m | 1,194,320 | +48% |
| Coca-Cola Femsa SAB de CVKOF | 0.5% | $48m | 447,737 | +6% |
| Petrobras - Petroleo Brasileiro SAPBR | 0.5% | $47m | 2,922,208 | +4% |
| First HorizonFHN | 0.5% | $47m | 1,831,996 | -7% |
| OrixIX | 0.5% | $46m | 1,220,846 | +13% |
| DOWDOW | 0.4% | $45m | 1,660,870 | -35% |
| PPG IndustriesPPG | 0.4% | $45m | 373,663 | -3% |
| PNC Financial Services GroupPNC | 0.4% | $45m | 181,298 | Held |
| American International GroupAIG | 0.4% | $43m | 573,977 | Held |
| Union PacificUNP | 0.4% | $41m | 152,353 | Held |
| IsharesEWY | 0.4% | $41m | 201,699 | -11% |
| ShellSHEL | 0.3% | $35m | 448,464 | +50% |
| Coca-Cola Europacific PartnersCCEP | 0.3% | $31m | 304,979 | -16% |
| Icici BankIBN | 0.3% | $30m | 1,050,299 | -19% |
| Sanofi SASNY | 0.3% | $26m | 615,593 | +4% |
| Honeywell InternationalHON | 0.2% | $24m | 106,631 | New |
| Honeywell AerospaceHONA | 0.2% | $24m | 106,610 | New |
| Joint Stock Co Kaspi.kzKSPI | 0.2% | $20m | 234,294 | New |
| IsharesEWT | 0.2% | $17m | 160,199 | +3% |
| KB Financial GroupKB | 0.1% | $14m | 130,140 | +22% |
| Applied MaterialsAMAT | 0.1% | $12m | 16,439 | -13% |
| Axia Energia SAAXIAY | 0.1% | $11m | 1,038,647 | +41% |
| Select Sector Spdr TRXLC | <0.1% | $8m | 76,370 | +1199% |
| Select Sector Spdr TRXLV | <0.1% | $8m | 51,416 | +597% |
| Itau Unibanco Hldg S AITUB | <0.1% | $8m | 929,368 | +6% |
| KTKT | <0.1% | $7m | 378,147 | +44% |
| EatonETN | <0.1% | $6m | 14,337 | Held |
| American ExpressAXP | <0.1% | $5m | 14,915 | +3% |
| BorgwarnerBWA | <0.1% | $5m | 74,351 | -18% |
| Arrow ElectronicsARW | <0.1% | $4m | 20,980 | Held |
| WalmartWMT | <0.1% | $4m | 38,704 | -7% |
| Walt DisneyDIS | <0.1% | $4m | 42,518 | +9% |
| AllstateALL | <0.1% | $4m | 16,951 | Held |
| Wisdomtree TREPI | <0.1% | $4m | 93,411 | -18% |
| Cigna GroupCI | <0.1% | $4m | 14,417 | Held |
| IsharesECH | <0.1% | $4m | 88,688 | +6% |
| Mondelez InternationalMDLZ | <0.1% | $3m | 60,200 | +3% |
| Axalta Coating SystemsAXTA | <0.1% | $3m | 97,586 | Held |
| OracleORCL | <0.1% | $3m | 22,741 | +11% |
Showing the largest 100 of 208.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 15.8% since 30 June 2025.
Where the money is
Financial services18.6%
Health care15.5%
Industrials10.7%
Technology9.7%
Everyday goods9.0%
Energy7.5%
Media & telecom5.7%
Utilities5.2%
Retail & consumer5.0%
Real estate4.7%
Materials2.2%
Other6.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.