13F HOLDINGS REPORT
Cullen Capital Management, LLC
Quarter ended Q1 2023 · Filed February 16, 2023 · Accession 0000950123-23-002801
Total Value
$7.79B
Positions
210
Other Managers
0
Confidential Omitted
No
Holdings (210)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Novartis AG (ADR) | NVSEF | 2,784,843 | $252.6M | 3.24% |
| 2 | Merck & Co. Inc. | MRK | 2,093,394 | $232.3M | 2.98% |
| 3 | Johnson & Johnson | JNJ | 1,238,988 | $218.9M | 2.81% |
| 4 | Exxon Mobil Corp. | XOM | 1,959,296 | $216.1M | 2.77% |
| 5 | Siemens AG (ADR) | 826197501 | 3,136,570 | $215.8M | 2.77% |
| 6 | Chevron Corp. | CVX | 1,198,435 | $215.1M | 2.76% |
| 7 | JP Morgan Chase & Co. | VYLD | 1,594,750 | $213.9M | 2.74% |
| 8 | BCE Inc. | BCPPF | 4,754,415 | $209.0M | 2.68% |
| 9 | Raytheon Technologies Corp. | RTX | 2,021,544 | $204.0M | 2.62% |
| 10 | Morgan Stanley | MS-PQ | 2,258,026 | $192.0M | 2.46% |
| 11 | Duke Energy Corp. | DUKB | 1,839,021 | $189.4M | 2.43% |
| 12 | Philip Morris International In | 718172109 | 1,819,089 | $184.1M | 2.36% |
| 13 | Broadcom Ltd. | AVGO | 319,977 | $178.9M | 2.30% |
| 14 | Genuine Parts Co. | GPC | 1,011,864 | $175.6M | 2.25% |
| 15 | NextEra Energy Inc | NEE-PW | 2,051,741 | $171.5M | 2.20% |
| 16 | Unilever PLC (ADR) | UNLYF | 3,273,208 | $164.8M | 2.12% |
| 17 | Vici Properties Inc. | 925652109 | 4,964,818 | $160.9M | 2.06% |
| 18 | Pfizer Inc. | PFE | 3,047,140 | $156.1M | 2.00% |
| 19 | Cisco Systems Inc. | CSCO | 3,217,315 | $153.3M | 1.97% |
| 20 | General Dynamics Corp. | GD | 562,443 | $139.5M | 1.79% |
| 21 | Healthpeak Properties Inc | DOC | 5,511,702 | $138.2M | 1.77% |
| 22 | ConocoPhillips | COP | 1,150,681 | $135.8M | 1.74% |
| 23 | Bank of America Corp. | 060505104 | 3,952,485 | $130.9M | 1.68% |
| 24 | Dow Inc | DOW | 2,544,518 | $128.2M | 1.65% |
| 25 | Truist Financial Corp | 89832Q109 | 2,960,159 | $127.4M | 1.63% |
| 26 | Kimberly-Clark Corp. | KMB | 898,714 | $122.0M | 1.57% |
| 27 | Altria Group Inc. | MO | 2,464,070 | $112.6M | 1.45% |
| 28 | Comcast Corp. (Cl A) | CCZ | 3,171,019 | $110.9M | 1.42% |
| 29 | Intel Corp. | INTC | 4,120,265 | $108.9M | 1.40% |
| 30 | United Parcel Service Inc. | UPS | 625,153 | $108.7M | 1.39% |
| 31 | Citigroup Inc. | C-PR | 2,360,375 | $106.8M | 1.37% |
| 32 | Lowe's Cos. Inc. | 548661107 | 515,527 | $102.7M | 1.32% |
| 33 | Target Corp. | TGT | 666,989 | $99.4M | 1.28% |
| 34 | The Travelers Companies Inc. | TRV | 526,435 | $98.7M | 1.27% |
| 35 | AT&T Inc. | T-PC | 5,163,737 | $95.1M | 1.22% |
| 36 | Diageo PLC (ADR) | DGEAF | 441,017 | $78.6M | 1.01% |
| 37 | 3M Co. | MMM | 632,559 | $75.9M | 0.97% |
| 38 | Rio Tinto PLC (ADR) | RTNTF | 1,056,582 | $75.2M | 0.97% |
| 39 | United Overseas Bank Ltd. (ADR | UNTCW | 1,407,434 | $64.5M | 0.83% |
| 40 | TotalEnergies SE (ADR) | TTE | 987,913 | $61.3M | 0.79% |
| 41 | Nippon Telegraph & Telephone C | NODK | 2,058,749 | $58.2M | 0.75% |
| 42 | Microsoft Corp. | MSFT | 242,214 | $58.1M | 0.75% |
| 43 | Zurich Insurance Group AG (ADR | 989825104 | 1,198,161 | $57.3M | 0.74% |
| 44 | BAE Systems PLC (ADR) | BAESF | 1,357,134 | $57.2M | 0.73% |
| 45 | Tokio Marine Holdings Inc. (AD | 889094108 | 2,615,758 | $56.1M | 0.72% |
| 46 | Shell PLC (ADR) | RYDAF | 983,929 | $56.0M | 0.72% |
| 47 | Vale SA (ADR) | VALE | 3,122,177 | $53.0M | 0.68% |
| 48 | Nestle SA (ADR) | 641069406 | 453,297 | $52.3M | 0.67% |
| 49 | Verizon Communications Inc. | VZ | 1,260,160 | $49.7M | 0.64% |
| 50 | Boston Properties Inc. | BXP | 726,998 | $49.1M | 0.63% |
| 51 | PPL Corp. | PPLC | 1,637,626 | $47.9M | 0.61% |
| 52 | Bristol-Myers Squibb Co. | CELG-RI | 652,131 | $46.9M | 0.60% |
| 53 | EOG Resources Inc. | EOG | 359,942 | $46.6M | 0.60% |
| 54 | Roche Holding AG (ADR) | 771195104 | 1,121,484 | $43.9M | 0.56% |
| 55 | ConAgra Brands Inc. | CAG | 1,113,639 | $43.1M | 0.55% |
| 56 | Toyota Motor Corp. (ADR) | TOYOF | 312,444 | $42.7M | 0.55% |
| 57 | DNB Bank ASA (ADR) | 23341C103 | 2,147,866 | $42.5M | 0.54% |
| 58 | British American Tobacco PLC ( | 110448107 | 1,026,908 | $41.1M | 0.53% |
| 59 | Coca-Cola Femsa SAB de CV (ADR | COCSF | 600,085 | $40.7M | 0.52% |
| 60 | 3i Group PLC (ADR) | TGOPF | 4,948,951 | $40.5M | 0.52% |
| 61 | Svenska Handelsbanken AB (ADR) | 86959C103 | 8,099,822 | $40.3M | 0.52% |
| 62 | Softbank Corp (ADR) | 83405K102 | 3,316,051 | $37.3M | 0.48% |
| 63 | The Allstate Corp. | ALL-PJ | 269,234 | $36.5M | 0.47% |
| 64 | Deutsche Telekom AG (ADR) | DTEGF | 1,767,402 | $35.3M | 0.45% |
| 65 | Deutsche Post AG (ADR) | 25157Y202 | 930,732 | $34.9M | 0.45% |
| 66 | UPM-Kymmene OYJ (ADR) | 915436208 | 882,097 | $33.0M | 0.42% |
| 67 | BNP Paribas SA (ADR) | 05565A202 | 1,145,664 | $32.6M | 0.42% |
| 68 | NN Group NV (ADR) | NNBR | 1,485,575 | $30.3M | 0.39% |
| 69 | Cie de Saint-Gobain (ADR) | CODGF | 2,932,185 | $28.6M | 0.37% |
| 70 | ASE Technology Holding Co. Ltd | ASX | 4,557,217 | $28.6M | 0.37% |
| 71 | Power Corporation of Canada | 739239101 | 1,204,111 | $28.3M | 0.36% |
| 72 | Smurfit Kappa Group PLC (ADR) | 83272W106 | 743,434 | $27.6M | 0.35% |
| 73 | Sanofi (ADR) | SNYNF | 551,568 | $26.7M | 0.34% |
| 74 | Iberdola SA (ADR) | 450737101 | 566,939 | $26.5M | 0.34% |
| 75 | Tokyo Electron Ltd. (ADR) | 889110102 | 332,060 | $24.3M | 0.31% |
| 76 | Veolia Environnement S.A. (ADR | 92334N103 | 830,988 | $21.4M | 0.27% |
| 77 | Britvic PLC (ADR) | 111190104 | 1,102,331 | $21.3M | 0.27% |
| 78 | Sonic Healthcare Ltd. (ADR) | 83546A203 | 1,041,412 | $21.2M | 0.27% |
| 79 | Michelin cie Generale de Estab | 59410T106 | 1,487,147 | $20.7M | 0.27% |
| 80 | Tesco PLC (ADR) | 881575401 | 2,360,574 | $19.1M | 0.24% |
| 81 | Volvo AB B-Shares (ADR) | 928854108 | 981,182 | $17.7M | 0.23% |
| 82 | Financial Select Sector SPDR F | 81369Y605 | 463,992 | $15.9M | 0.20% |
| 83 | Xinyi Glass Holdings Ltd. (ADR | 98418R100 | 417,102 | $15.5M | 0.20% |
| 84 | Communication Services Select | 81369Y852 | 292,961 | $14.1M | 0.18% |
| 85 | Health Care Select Sector SPDR | 81369Y209 | 82,972 | $11.3M | 0.14% |
| 86 | ICICI Bank Ltd. (ADR) | IBN | 467,033 | $10.2M | 0.13% |
| 87 | Real Estate Select Sector SPDR | 81369Y860 | 254,843 | $9.4M | 0.12% |
| 88 | Taiwan Semiconductor Manufactu | 874039100 | 117,255 | $8.7M | 0.11% |
| 89 | Technology Select Sector SPDR | 81369Y803 | 68,859 | $8.6M | 0.11% |
| 90 | Enel SPA (ADR) | 29265W207 | 1,558,484 | $8.3M | 0.11% |
| 91 | iShares MSCI India ETF | 46429B598 | 198,457 | $8.3M | 0.11% |
| 92 | iShares MSCI EAFE Value ETF | 464288877 | 161,802 | $7.4M | 0.10% |
| 93 | Anglo American PLC | 3662Q1053 | 171,166 | $6.7M | 0.09% |
| 94 | SLC Agricola SA (ADR) | 78444J108 | 741,019 | $6.7M | 0.09% |
| 95 | iShares MSCI South Korea ETF | 464286772 | 116,722 | $6.6M | 0.08% |
| 96 | OPAP SA (ADR) | 392483103 | 957,482 | $6.2M | 0.08% |
| 97 | Kaspi.kz JSC | 48581R205 | 79,049 | $5.7M | 0.07% |
| 98 | Industrial Select Sector SPDR | 81369Y704 | 55,180 | $5.4M | 0.07% |
| 99 | Energy Transfer LP | ET-PI | 422,245 | $5.0M | 0.06% |
| 100 | iShares MSCI Taiwan ETF | 46434G772 | 117,865 | $4.7M | 0.06% |
| 101 | iShares Russell 1000 Value ETF | 464287598 | 30,680 | $4.7M | 0.06% |
| 102 | Eurobank Ergasias SA (ADR) | 29873D104 | 8,907,537 | $4.6M | 0.06% |
| 103 | Airtel Africa PLC | KTB | 3,283,183 | $4.4M | 0.06% |
| 104 | Samsung Electronics Co. Ltd. - | 796050201 | 4,387 | $4.4M | 0.06% |
| 105 | Mytilineos SA (ADR) | 62866P107 | 195,583 | $4.3M | 0.05% |
| 106 | Honeywell International Inc. | 438516106 | 18,985 | $4.1M | 0.05% |
| 107 | Mondelez International Inc. | 609207105 | 52,033 | $3.5M | 0.04% |
| 108 | Wal-Mart Stores Inc. | WMT | 23,465 | $3.3M | 0.04% |
| 109 | Oracle Corp. | ORCL-PD | 39,411 | $3.2M | 0.04% |
| 110 | Shinhan Financial Group Compan | SHG | 114,846 | $3.2M | 0.04% |
| 111 | Consumer Staples Select Sector | 81369Y308 | 41,785 | $3.1M | 0.04% |
| 112 | Materials Select Sector SPDR F | 81369Y100 | 38,571 | $3.0M | 0.04% |
| 113 | Union Pacific Corp. | UNP | 13,919 | $2.9M | 0.04% |
| 114 | Arrow Electronics Inc. | 042735100 | 26,384 | $2.8M | 0.04% |
| 115 | Canadian National Railway Co. | 136375102 | 21,831 | $2.6M | 0.03% |
| 116 | Cigna Corp. | 125523100 | 7,675 | $2.5M | 0.03% |
| 117 | SK Telecom Co Ltd (ADR) | SKM | 123,159 | $2.5M | 0.03% |
| 118 | Sasol Ltd. | SASOF | 159,470 | $2.5M | 0.03% |
| 119 | McDonald's Corp. | MCD | 8,993 | $2.4M | 0.03% |
| 120 | Petroleo Brasileiro SA (ADR) | 71654V408 | 219,060 | $2.3M | 0.03% |
| 121 | The Procter & Gamble Co. | 742718109 | 15,182 | $2.3M | 0.03% |
| 122 | American Express Co. | AXP | 14,889 | $2.2M | 0.03% |
| 123 | Archer-Daniels-Midland Co. | ADM | 23,392 | $2.2M | 0.03% |
| 124 | Samsung Electronics GDR | 796050888 | 1,926 | $2.1M | 0.03% |
| 125 | BorgWarner Inc. | BWA | 47,291 | $1.9M | 0.02% |
| 126 | Silicon Motion Technology Corp | SIMO | 29,240 | $1.9M | 0.02% |
| 127 | iShares MSCI Switzerland ETF | 464286749 | 43,604 | $1.8M | 0.02% |
| 128 | BOEING CO/THE | BA-PA | 9,476 | $1.8M | 0.02% |
| 129 | The PNC Financial Services Gro | 693475105 | 11,083 | $1.8M | 0.02% |
| 130 | The Walt Disney Co. | 254687106 | 20,044 | $1.7M | 0.02% |
| 131 | Packaging Corp. of America | 695156109 | 13,078 | $1.7M | 0.02% |
| 132 | PepsiCo Inc. | PEP | 8,810 | $1.6M | 0.02% |
| 133 | BHP Group Ltd (ADR) | BHPLF | 24,077 | $1.5M | 0.02% |
| 134 | iShares MSCI Japan ETF | 46434G822 | 27,143 | $1.5M | 0.02% |
| 135 | iShares MSCI Norway ETF | 46429B499 | 59,931 | $1.5M | 0.02% |
| 136 | Consumer Discretionary Select | 81369Y407 | 10,111 | $1.3M | 0.02% |
| 137 | Applied Materials Inc. | 038222105 | 13,259 | $1.3M | 0.02% |
| 138 | UBS Group AG (ADR) | UBS | 66,854 | $1.2M | 0.02% |
| 139 | Thermo Fisher Scientific Inc. | TMO | 2,176 | $1.2M | 0.02% |
| 140 | SPDR S&P Emerging Asia Pacific | 78463X301 | 11,617 | $1.1M | 0.01% |
| 141 | Sempra Energy | SREA | 6,356 | $982,256 | 0.01% |
| 142 | National Bank of Canada | NBHC | 14,374 | $970,245 | 0.01% |
| 143 | Utilities Select Sector SPDR F | 81369Y886 | 13,270 | $935,535 | 0.01% |
| 144 | San Juan Basin Royalty Trust | 798241105 | 79,850 | $911,887 | 0.01% |
| 145 | BGSF Inc. | BGSF | 54,219 | $830,635 | 0.01% |
| 146 | Spdr DJ Wilshire Global | 78463X749 | 19,784 | $809,166 | 0.01% |
| 147 | First Interstate Bancsystem In | 32055Y201 | 19,659 | $759,820 | 0.01% |
| 148 | Haemonetics Corp. | HAE | 9,411 | $740,175 | 0.01% |
| 149 | First Horizon Corp. | FHN-PH | 30,118 | $737,891 | 0.01% |
| 150 | Apple Inc. | AAPL | 5,640 | $732,805 | 0.01% |
| 151 | Enterprise Products Partners L | 293792107 | 25,755 | $621,211 | 0.01% |
| 152 | Public Service Enterprise Grou | 744573106 | 9,360 | $573,487 | 0.01% |
| 153 | Amgen Inc. | AMGN | 2,181 | $572,818 | 0.01% |
| 154 | AbbVie Inc. | ABBV | 3,520 | $568,867 | 0.01% |
| 155 | General Electric Co. | 369604301 | 6,551 | $548,908 | 0.01% |
| 156 | Coterra Energy Inc. | CTRA | 22,229 | $546,167 | 0.01% |
| 157 | WP Carey Inc. | 92936U109 | 6,815 | $532,592 | 0.01% |
| 158 | Public Storage | PSA-PS | 1,891 | $529,839 | 0.01% |
| 159 | International Business Machine | INTR | 3,678 | $518,193 | 0.01% |
| 160 | Denny's Corp. | 24869P104 | 54,492 | $501,871 | 0.01% |
| 161 | Royal Bank of Canada | 780087102 | 5,305 | $498,776 | 0.01% |
| 162 | Canadian Pacific Railway Ltd. | 13645T100 | 6,248 | $466,038 | 0.01% |
| 163 | Sitio Royalties Corp | 82983N108 | 16,113 | $464,860 | 0.01% |
| 164 | Dominion Resources Inc. | D | 7,573 | $464,376 | 0.01% |
| 165 | Weyerhaeuser Co. | WY | 14,917 | $462,427 | 0.01% |
| 166 | Central Asia Metals | TAL | 153,783 | $460,106 | 0.01% |
| 167 | 3R Petroleumon | 640581005 | 57,870 | $413,216 | 0.01% |
| 168 | Ameris Bancorp | ABCB | 8,762 | $413,041 | 0.01% |
| 169 | Merck 1/20/23 $113 calls | MRK | 3,126 | $403,254 | 0.01% |
| 170 | The Coca-Cola Co. | KO | 6,149 | $391,138 | 0.01% |
| 171 | HF Sinclair Corporation | DINO | 7,492 | $388,760 | 0.00% |
| 172 | Ralph Lauren Corp. | RL | 3,673 | $388,126 | 0.00% |
| 173 | Huntsman Corp. | HUN | 14,050 | $386,094 | 0.00% |
| 174 | The Timken Co. | TKR | 5,184 | $366,353 | 0.00% |
| 175 | The JM Smucker Co. | 832696405 | 2,164 | $342,907 | 0.00% |
| 176 | The Chemours Co. | CC | 10,795 | $330,543 | 0.00% |
| 177 | Energy Select Sector SPDR Fund | 81369Y506 | 3,672 | $321,190 | 0.00% |
| 178 | Duke Energy Corp. 1/20/23 $105 calls | DUKB | 3,368 | $319,960 | 0.00% |
| 179 | Barrett Business Services Inc. | 068463108 | 3,293 | $307,171 | 0.00% |
| 180 | Woodside Energy Group Ltd. (AD | WOPEF | 12,450 | $301,415 | 0.00% |
| 181 | Civitas Resources Inc. | 17888H103 | 4,992 | $289,187 | 0.00% |
| 182 | SouthState Corp. | SSB | 3,693 | $282,003 | 0.00% |
| 183 | Rayonier Inc. | RYN | 8,523 | $280,918 | 0.00% |
| 184 | Schwab Fundamental Internation | 808524755 | 9,133 | $265,496 | 0.00% |
| 185 | Suzano SA (ADR) | SUZ | 28,555 | $263,848 | 0.00% |
| 186 | Newmont Corp. | NEMCL | 5,465 | $257,948 | 0.00% |
| 187 | Carrier Global Corporation | CARR | 5,673 | $234,011 | 0.00% |
| 188 | Host Hotels & Resorts Inc. | HST | 14,528 | $233,174 | 0.00% |
| 189 | Enbridge Inc. | ENNPF | 5,876 | $229,752 | 0.00% |
| 190 | Carter's Inc. | CRI | 3,078 | $229,650 | 0.00% |
| 191 | Novartis 1/20/23 $92.5 calls | NVSEF | 2,870 | $226,730 | 0.00% |
| 192 | General Mills Inc. | 370334104 | 2,677 | $224,466 | 0.00% |
| 193 | Quest Diagnostics Inc. | DGX | 1,386 | $216,826 | 0.00% |
| 194 | Norfolk Southern Corp. | 655844108 | 875 | $215,618 | 0.00% |
| 195 | Caterpillar Inc. | CAT | 900 | $215,604 | 0.00% |
| 196 | Exxon 1/20/23 $115 calls | XOM | 1,788 | $210,984 | 0.00% |
| 197 | Otis Worldwide Corporation | OTIS | 2,646 | $207,208 | 0.00% |
| 198 | Rio Tinto 1/20/23 $74.1 calls | RTNTF | 2,352 | $199,920 | 0.00% |
| 199 | The Allstate Corp 1/20/23 $140 calls | ALL-PJ | 1,425 | $163,875 | 0.00% |
| 200 | Vector Group Ltd. | 92240M108 | 13,238 | $157,003 | 0.00% |
| 201 | Unisys Corp. | UIS | 24,099 | $123,146 | 0.00% |
| 202 | VanEck Vietnam ETF | 92189F817 | 10,134 | $119,987 | 0.00% |
| 203 | Great Lakes Dredge & Dock Corp | GLDD | 19,374 | $115,275 | 0.00% |
| 204 | Morgan Stanley 1/20/23 $93 calls | MS-PQ | 3,012 | $111,444 | 0.00% |
| 205 | Under Armour Inc. (class C) | UA | 10,920 | $97,406 | 0.00% |
| 206 | MMC Norilsk Nickel PJSC (ADR) | 55315J102 | 28,393 | $85,747 | 0.00% |
| 207 | Citigroup Inc. 1/20/23 $50 calls | C-PR | 4,614 | $83,052 | 0.00% |
| 208 | Altria 1/20/23 $47.5 calls | MO | 3,484 | $76,648 | 0.00% |
| 209 | Rolls-Royce Holdings PLC (ADR) | 775781206 | 48,000 | $51,360 | 0.00% |
| 210 | Gran Tierra Energy Inc. | GTE | 15,035 | $14,885 | 0.00% |