13F HOLDINGS REPORT
Cullen Capital Management, LLC
Quarter ended Q4 2024 · Filed February 13, 2025 · Accession 0000950123-25-001885
Total Value
$8.59B
Positions
208
Other Managers
0
Confidential Omitted
No
Holdings (208)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | JP Morgan Chase & Co. | VYLD | 1,290,637 | $309.4M | 3.60% |
| 2 | Cisco Systems Inc. | CSCO | 4,601,673 | $272.4M | 3.17% |
| 3 | Bank of America Corp. | 060505104 | 5,687,679 | $250.0M | 2.91% |
| 4 | Philip Morris International In | 718172109 | 2,023,928 | $243.6M | 2.84% |
| 5 | Johnson Controls International | G51502105 | 3,047,456 | $240.5M | 2.80% |
| 6 | Duke Energy Corp. | DUKB | 2,141,529 | $230.7M | 2.69% |
| 7 | RTX Corp | RTX | 1,989,820 | $230.3M | 2.68% |
| 8 | Morgan Stanley | MS-PQ | 1,830,069 | $230.1M | 2.68% |
| 9 | Chubb Ltd. | CB | 790,951 | $218.5M | 2.55% |
| 10 | Chevron Corp. | CVX | 1,482,088 | $214.7M | 2.50% |
| 11 | Exxon Mobil Corp. | XOM | 1,959,405 | $210.8M | 2.45% |
| 12 | Broadcom Ltd. | AVGO | 908,460 | $210.6M | 2.45% |
| 13 | Novartis AG (ADR) | NVSEF | 2,156,619 | $209.9M | 2.44% |
| 14 | Citigroup Inc. | C-PR | 2,963,825 | $208.6M | 2.43% |
| 15 | Medtronic PLC | MDT | 2,557,559 | $204.3M | 2.38% |
| 16 | Truist Financial Corp | 89832Q109 | 4,592,341 | $199.2M | 2.32% |
| 17 | Merck & Co. Inc. | MRK | 1,965,710 | $195.5M | 2.28% |
| 18 | General Dynamics Corp. | GD | 741,965 | $195.5M | 2.28% |
| 19 | Kenvue Inc | KVUE | 9,100,496 | $194.3M | 2.26% |
| 20 | Comcast Corp. (Cl A) | CCZ | 4,939,981 | $185.4M | 2.16% |
| 21 | Vici Properties Inc. | 925652109 | 6,336,668 | $185.1M | 2.16% |
| 22 | NextEra Energy Inc. | NEE-PW | 2,545,339 | $182.5M | 2.13% |
| 23 | Healthpeak Properties Inc | DOC | 8,820,838 | $178.8M | 2.08% |
| 24 | Johnson & Johnson | JNJ | 1,179,982 | $170.6M | 1.99% |
| 25 | The Travelers Companies Inc. | TRV | 706,849 | $170.3M | 1.98% |
| 26 | AT&T Inc. | T-PC | 7,029,523 | $160.1M | 1.86% |
| 27 | Dow Inc | DOW | 3,742,943 | $150.2M | 1.75% |
| 28 | Unilever PLC (ADR) | UNLYF | 2,639,907 | $149.7M | 1.74% |
| 29 | Genuine Parts Co. | GPC | 1,251,234 | $146.1M | 1.70% |
| 30 | Altria Group Inc. | MO | 2,659,415 | $139.1M | 1.62% |
| 31 | Lowe's Companies Inc. | 548661107 | 558,710 | $137.9M | 1.61% |
| 32 | Pfizer Inc. | PFE | 4,774,380 | $126.7M | 1.48% |
| 33 | ConocoPhillips | COP | 1,268,684 | $125.8M | 1.47% |
| 34 | Target Corp. | TGT | 899,074 | $121.5M | 1.42% |
| 35 | Crown Castle Inc. | CCI | 1,095,142 | $99.4M | 1.16% |
| 36 | Microsoft Corp. | MSFT | 234,375 | $98.8M | 1.15% |
| 37 | United Parcel Service Inc. | UPS | 757,049 | $95.5M | 1.11% |
| 38 | Diageo PLC (ADR) | DGEAF | 720,763 | $91.6M | 1.07% |
| 39 | BCE Inc. | BCPPF | 3,528,595 | $81.8M | 0.95% |
| 40 | Qualcomm Inc. | QCOM | 440,847 | $67.7M | 0.79% |
| 41 | EOG Resources Inc. | EOG | 541,575 | $66.4M | 0.77% |
| 42 | Bristol-Myers Squibb Co. | CELG-RI | 1,166,177 | $66.0M | 0.77% |
| 43 | Smurfit Westrock PLC | SW | 1,210,923 | $65.2M | 0.76% |
| 44 | PPL Corp. | PPLC | 1,890,093 | $61.4M | 0.71% |
| 45 | Taiwan Semiconductor Manufactu | 874039100 | 300,623 | $59.4M | 0.69% |
| 46 | Verizon Communications Inc. | VZ | 1,420,807 | $56.8M | 0.66% |
| 47 | Sysco Corp. | SYY | 670,168 | $51.2M | 0.60% |
| 48 | Rio Tinto PLC (ADR) | RTNTF | 841,278 | $49.5M | 0.58% |
| 49 | Conagra Brands Inc. | CAG | 1,767,076 | $49.0M | 0.57% |
| 50 | Coca Cola Euro Pacific Partner | CCEP | 626,177 | $48.1M | 0.56% |
| 51 | ASE Technology Holding Company | ASX | 4,424,100 | $44.6M | 0.52% |
| 52 | International Business Machine | INTR | 199,367 | $43.8M | 0.51% |
| 53 | British American Tobacco PLC ( | 110448107 | 1,180,659 | $42.9M | 0.50% |
| 54 | Communication Services Select | 81369Y852 | 426,063 | $41.2M | 0.48% |
| 55 | ICICI Bank Ltd. (ADR) | IBN | 1,381,220 | $41.2M | 0.48% |
| 56 | Baxter International Inc. | 071813109 | 1,386,281 | $40.4M | 0.47% |
| 57 | iShares MSCI EAFE ETF | 464287465 | 507,578 | $38.4M | 0.45% |
| 58 | Coca-Cola Femsa SAB de CV (ADR | COCSF | 475,123 | $37.0M | 0.43% |
| 59 | Health Care Select Sector SPDR | 81369Y209 | 234,759 | $32.3M | 0.38% |
| 60 | iShares Russell 1000 Value ETF | 464287598 | 163,124 | $30.2M | 0.35% |
| 61 | Industrial Select Sector SPDR | 81369Y704 | 219,974 | $29.0M | 0.34% |
| 62 | Shell PLC (ADR) | RYDAF | 443,854 | $27.8M | 0.32% |
| 63 | Toyota Motor Corp. (ADR) | TOYOF | 131,337 | $25.6M | 0.30% |
| 64 | Petroleo Brasileiro SA (ADR) | 71654V408 | 1,669,761 | $21.5M | 0.25% |
| 65 | Kaspi.kz JSC | 48581R205 | 185,086 | $17.5M | 0.20% |
| 66 | Laureate Education Inc. | LAUR | 905,067 | $16.6M | 0.19% |
| 67 | SPDR Euro Stoxx 50 ETF | 78463X202 | 335,721 | $16.2M | 0.19% |
| 68 | TotalEnergies SE (ADR) | TTE | 281,366 | $15.3M | 0.18% |
| 69 | iShares MSCI Taiwan ETF | 46434G772 | 289,696 | $15.0M | 0.17% |
| 70 | Materials Select Sector SPDR F | 81369Y100 | 174,325 | $14.7M | 0.17% |
| 71 | WisdomTree India Earnings Fund | WT | 287,787 | $13.0M | 0.15% |
| 72 | iShares MSCI Malaysia ETF | 46434G814 | 513,756 | $12.6M | 0.15% |
| 73 | Sanofi (ADR) | SNYNF | 261,112 | $12.6M | 0.15% |
| 74 | Trip.com Group Ltd. (ADR) | TRPCF | 175,241 | $12.0M | 0.14% |
| 75 | Consumer Discretionary Select | 81369Y407 | 50,291 | $11.3M | 0.13% |
| 76 | Consumer Staples Select Sector | 81369Y308 | 137,527 | $10.8M | 0.13% |
| 77 | KB Financial Group Inc. (ADR) | 48241A105 | 127,586 | $7.3M | 0.08% |
| 78 | WisdomTree Japan Hedged Equity | WT | 64,418 | $7.1M | 0.08% |
| 79 | Technology Select Sector SPDR | 81369Y803 | 28,815 | $6.7M | 0.08% |
| 80 | BHP Group Ltd. (ADR) | BHPLF | 133,201 | $6.5M | 0.08% |
| 81 | Energy Transfer LP | ET-PI | 281,004 | $5.5M | 0.06% |
| 82 | Oracle Corp. | ORCL-PD | 30,746 | $5.1M | 0.06% |
| 83 | American Express Co. | AXP | 17,168 | $5.1M | 0.06% |
| 84 | Real Estate Select Sector SPDR | 81369Y860 | 117,959 | $4.8M | 0.06% |
| 85 | Eaton Corp. PLC | ETN | 14,182 | $4.7M | 0.05% |
| 86 | Walmart Inc. | WMT | 52,028 | $4.7M | 0.05% |
| 87 | Copa Holdings SA | CPA | 52,693 | $4.6M | 0.05% |
| 88 | Enterprise Products Partners L | 293792107 | 143,795 | $4.5M | 0.05% |
| 89 | Sempra | SREA | 50,749 | $4.5M | 0.05% |
| 90 | iShares MSCI India ETF | 46429B598 | 81,199 | $4.3M | 0.05% |
| 91 | Honeywell International Inc. | 438516106 | 18,191 | $4.1M | 0.05% |
| 92 | SPDR S&P500 ETF Trust | SPY | 6,698 | $3.9M | 0.05% |
| 93 | The Cigna Group | 125523100 | 13,773 | $3.8M | 0.04% |
| 94 | The Walt Disney Co. | 254687106 | 32,177 | $3.6M | 0.04% |
| 95 | The Allstate Corp. | ALL-PJ | 18,583 | $3.6M | 0.04% |
| 96 | Mondelez International Inc. | 609207105 | 58,898 | $3.5M | 0.04% |
| 97 | Axalta Coating Systems Ltd. | AXTA | 100,836 | $3.5M | 0.04% |
| 98 | Energy Select Sector SPDR Fund | 81369Y506 | 40,273 | $3.4M | 0.04% |
| 99 | iShares Select Dividend ETF | 464287168 | 26,100 | $3.4M | 0.04% |
| 100 | The PNC Financial Services Gro | 693475105 | 17,706 | $3.4M | 0.04% |
| 101 | Invesco S&P Global Water Index | IVZ | 61,694 | $3.3M | 0.04% |
| 102 | Applied Materials Inc. | 038222105 | 19,265 | $3.1M | 0.04% |
| 103 | BorgWarner Inc. | BWA | 91,507 | $2.9M | 0.03% |
| 104 | Packaging Corp. of America | 695156109 | 12,863 | $2.9M | 0.03% |
| 105 | Vanguard FTSE Emerging Markets | 922042858 | 61,275 | $2.7M | 0.03% |
| 106 | Airtel Africa PLC | KTB | 1,888,769 | $2.7M | 0.03% |
| 107 | Arrow Electronics Inc. | 042735100 | 23,173 | $2.6M | 0.03% |
| 108 | Union Pacific Corp. | UNP | 10,427 | $2.4M | 0.03% |
| 109 | McDonald's Corp. | MCD | 7,775 | $2.3M | 0.03% |
| 110 | iShares S&P Global 100 ETF | 464287572 | 21,889 | $2.2M | 0.03% |
| 111 | Xtrackers MSCI EAFE High Divid | 233051630 | 84,282 | $2.0M | 0.02% |
| 112 | Raymond James Financial Inc. | 754730109 | 12,047 | $1.9M | 0.02% |
| 113 | Canadian National Railway Co. | 136375102 | 17,754 | $1.8M | 0.02% |
| 114 | First Horizon Corp. | FHN-PH | 84,295 | $1.7M | 0.02% |
| 115 | The JM Smucker Co. | 832696405 | 15,159 | $1.7M | 0.02% |
| 116 | Apple Inc. | AAPL | 6,344 | $1.6M | 0.02% |
| 117 | The Procter & Gamble Co. | 742718109 | 9,393 | $1.6M | 0.02% |
| 118 | Great Lakes Dredge & Dock Corp | GLDD | 138,382 | $1.6M | 0.02% |
| 119 | Simon Property Group Inc. | 828806109 | 8,936 | $1.5M | 0.02% |
| 120 | Alphabet Inc. | GOOG | 7,757 | $1.5M | 0.02% |
| 121 | BOEING CO/THE | BA-PA | 8,270 | $1.5M | 0.02% |
| 122 | Utilities Select Sector SPDR F | 81369Y886 | 18,583 | $1.4M | 0.02% |
| 123 | Viper Energy Inc | VNOM | 27,881 | $1.4M | 0.02% |
| 124 | CSX Corp. | CSX | 42,269 | $1.4M | 0.02% |
| 125 | Fidelity National Information | 31620M106 | 15,865 | $1.3M | 0.01% |
| 126 | PepsiCo Inc. | PEP | 8,401 | $1.3M | 0.01% |
| 127 | iShares Trust iShares Global | 46434V647 | 51,410 | $1.2M | 0.01% |
| 128 | DuPont De Nemours Inc. | DD | 16,085 | $1.2M | 0.01% |
| 129 | iShares MSCI EAFE Value ETF | 464288877 | 22,519 | $1.2M | 0.01% |
| 130 | Archer-Daniels-Midland Co. | ADM | 22,578 | $1.1M | 0.01% |
| 131 | WisdomTree Emerging Markets Hi | WT | 28,000 | $1.1M | 0.01% |
| 132 | Premier Financial Corp | 74052F108 | 42,328 | $1.1M | 0.01% |
| 133 | Micron Technology Inc. | MU | 12,810 | $1.1M | 0.01% |
| 134 | General Electric Co. | 369604301 | 6,451 | $1.1M | 0.01% |
| 135 | Ameris Bancorp | ABCB | 17,124 | $1.1M | 0.01% |
| 136 | iShares MSCI South Korea ETF | 464286772 | 20,865 | $1.1M | 0.01% |
| 137 | iShares MSCI Emerging Markets | 464287234 | 25,171 | $1.1M | 0.01% |
| 138 | LendingTree Inc. | TREE | 27,113 | $1.1M | 0.01% |
| 139 | Cousins Properties Inc. | 222795502 | 34,176 | $1.0M | 0.01% |
| 140 | Blackstone Inc | BX | 6,005 | $1.0M | 0.01% |
| 141 | Warner Brothers Discovery Inc. | WBD | 92,230 | $974,871 | 0.01% |
| 142 | 3M Co. | MMM | 7,363 | $950,490 | 0.01% |
| 143 | LoanDepot Inc. | LDI | 450,493 | $919,006 | 0.01% |
| 144 | Masterbrand Inc. | MBC | 62,348 | $910,904 | 0.01% |
| 145 | iShares Global Timber & Forest | 464288174 | 11,900 | $908,446 | 0.01% |
| 146 | Enterprise Financial Services | 293712105 | 15,611 | $880,460 | 0.01% |
| 147 | Marriot Vacations Worldwide Co | VAC | 9,796 | $879,681 | 0.01% |
| 148 | Malibu Boats Inc. | MBUU | 22,875 | $859,871 | 0.01% |
| 149 | Financial Select Sector SPDR F | 81369Y605 | 17,720 | $856,408 | 0.01% |
| 150 | Sensata Technologies Holding P | ST | 31,111 | $852,441 | 0.01% |
| 151 | Select Water Solutions Inc. | WTTR | 62,842 | $832,028 | 0.01% |
| 152 | M/I Homes Inc. | MHO | 6,248 | $830,672 | 0.01% |
| 153 | Highwoods Properties Inc. | 431284108 | 27,085 | $828,259 | 0.01% |
| 154 | Glencore PLC | GLDG | 186,095 | $825,273 | 0.01% |
| 155 | PennyMac Financial Services In | 70932M107 | 8,049 | $822,125 | 0.01% |
| 156 | Core & Main Inc | CNM | 15,612 | $794,807 | 0.01% |
| 157 | Korn Ferry | KFY | 11,764 | $793,482 | 0.01% |
| 158 | Public Service Enterprise Grou | 744573106 | 8,999 | $760,326 | 0.01% |
| 159 | Douglas Elliman Inc. | DOUG | 448,616 | $749,189 | 0.01% |
| 160 | Simons First National Corp. | 828730200 | 33,319 | $739,015 | 0.01% |
| 161 | Kimberly-Clark Corp. | KMB | 5,520 | $723,341 | 0.01% |
| 162 | SouthState Corp. | SSB | 7,082 | $704,566 | 0.01% |
| 163 | American Water Works Company I | 030420103 | 5,617 | $699,260 | 0.01% |
| 164 | AbbVie Inc. | ABBV | 3,772 | $670,284 | 0.01% |
| 165 | Latham Group Inc. | SWIM | 94,739 | $659,383 | 0.01% |
| 166 | Portland General Electric Co. | 736508847 | 15,099 | $658,618 | 0.01% |
| 167 | Pentair PLC | PNR | 6,451 | $649,229 | 0.01% |
| 168 | Coterra Energy Inc. | CTRA | 24,696 | $630,736 | 0.01% |
| 169 | Essential Utilites Inc. | 29670G102 | 17,277 | $627,501 | 0.01% |
| 170 | The Coca-Cola Co. | KO | 9,539 | $593,898 | 0.01% |
| 171 | First Interstate Bancsystem In | 32055Y201 | 18,056 | $586,278 | 0.01% |
| 172 | Public Storage | PSA-PS | 1,891 | $566,241 | 0.01% |
| 173 | Veralto Corp. | VLTO | 5,251 | $534,814 | 0.01% |
| 174 | GE Vernova LLC | GEV | 1,600 | $526,288 | 0.01% |
| 175 | American States Water Co. | 029899101 | 6,630 | $515,284 | 0.01% |
| 176 | HudBay Minerals Inc. | HBM | 62,370 | $506,748 | 0.01% |
| 177 | Tetra Tech Inc. | TTEK | 11,019 | $438,997 | 0.01% |
| 178 | Dominion Energy Inc. | D | 7,985 | $430,072 | 0.01% |
| 179 | iShares Russell 2000 Value ETF | 464287630 | 2,538 | $416,663 | 0.00% |
| 180 | Zurn Elkay Water Solutions Cor | 98983L108 | 11,007 | $410,561 | 0.00% |
| 181 | Linde PLC | LIN | 976 | $408,544 | 0.00% |
| 182 | Crocs Inc. | CROX | 3,651 | $399,894 | 0.00% |
| 183 | Xylem Inc. | XYL | 3,421 | $396,904 | 0.00% |
| 184 | Unisys Corp. | UIS | 62,290 | $394,296 | 0.00% |
| 185 | Canadian Pacific Kansas City L | CP | 5,349 | $387,107 | 0.00% |
| 186 | Masco Corp. | MAS | 5,294 | $384,186 | 0.00% |
| 187 | Valmont Industries Inc. | 920253101 | 1,171 | $359,111 | 0.00% |
| 188 | Sitio Royalties Corp | 82983N108 | 18,618 | $357,093 | 0.00% |
| 189 | Denny's Corp. | 24869P104 | 57,035 | $345,062 | 0.00% |
| 190 | Ecolab Inc. | ECL | 1,434 | $336,015 | 0.00% |
| 191 | Enbridge Inc. | ENNPF | 7,860 | $333,500 | 0.00% |
| 192 | Civitas Resources Inc. | 17888H103 | 6,895 | $316,274 | 0.00% |
| 193 | Caterpillar Inc. | CAT | 869 | $315,238 | 0.00% |
| 194 | Pool Corp. | POOL | 923 | $314,688 | 0.00% |
| 195 | Weyerhaeuser Co. | WY | 10,457 | $294,365 | 0.00% |
| 196 | International Paper Co. | 460146103 | 4,960 | $266,947 | 0.00% |
| 197 | Advanced Drainage Systems Inc. | 00790R104 | 2,183 | $252,355 | 0.00% |
| 198 | Consolidated Water Company Ltd | CWCO | 9,429 | $244,117 | 0.00% |
| 199 | Under Armour Inc. (class C) | UA | 31,664 | $236,213 | 0.00% |
| 200 | California Water Service Group | 130788102 | 5,034 | $228,191 | 0.00% |
| 201 | Middlesex Water Co. | 596680108 | 4,300 | $226,309 | 0.00% |
| 202 | Rayonier Inc. | RYN | 8,523 | $222,450 | 0.00% |
| 203 | iShares China Large-Cap ETF | 464287184 | 6,730 | $204,861 | 0.00% |
| 204 | Lindsay Corp. | LNN | 1,710 | $202,310 | 0.00% |
| 205 | Global Water Resources Inc. | 379463102 | 16,583 | $190,705 | 0.00% |
| 206 | Suzano SA (ADR) | SUZ | 16,465 | $166,626 | 0.00% |
| 207 | Itau Unibanco Holding SA (ADR) | 465562106 | 30,061 | $149,103 | 0.00% |
| 208 | Leslie's Inc. | 527064109 | 59,420 | $132,507 | 0.00% |