13F HOLDINGS REPORT
Cullen Capital Management, LLC
Quarter ended Q1 2025 · Filed May 15, 2025 · Accession 0000950123-25-005569
Total Value
$8.66B
Positions
205
Other Managers
0
Confidential Omitted
No
Holdings (205)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | JP Morgan Chase & Co. | VYLD | 1,067,210 | $261.8M | 3.02% |
| 2 | RTX Corp | RTX | 1,948,742 | $258.1M | 2.98% |
| 3 | Duke Energy Corp. | DUKB | 2,115,647 | $258.0M | 2.98% |
| 4 | Cisco Systems Inc. | CSCO | 4,180,770 | $258.0M | 2.98% |
| 5 | Medtronic PLC | MDT | 2,720,879 | $244.5M | 2.82% |
| 6 | Chevron Corp. | CVX | 1,426,319 | $238.6M | 2.76% |
| 7 | Novartis AG (ADR) | NVSEF | 2,108,684 | $235.1M | 2.72% |
| 8 | Exxon Mobil Corp. | XOM | 1,938,646 | $230.6M | 2.66% |
| 9 | Bank of America Corp. | 060505104 | 5,500,100 | $229.5M | 2.65% |
| 10 | Johnson Controls International | G51502105 | 2,830,929 | $226.8M | 2.62% |
| 11 | Kenvue Inc | KVUE | 9,050,279 | $217.0M | 2.51% |
| 12 | Chubb Ltd. | CB | 699,376 | $211.2M | 2.44% |
| 13 | Vici Properties Inc. | 925652109 | 6,460,347 | $210.7M | 2.43% |
| 14 | Philip Morris International In | 718172109 | 1,292,508 | $205.2M | 2.37% |
| 15 | General Dynamics Corp. | GD | 752,071 | $205.0M | 2.37% |
| 16 | Johnson & Johnson | JNJ | 1,234,886 | $204.8M | 2.37% |
| 17 | Healthpeak Properties Inc | DOC | 10,095,597 | $204.1M | 2.36% |
| 18 | Merck & Co. Inc. | MRK | 2,236,676 | $200.8M | 2.32% |
| 19 | Citigroup Inc. | C-PR | 2,796,368 | $198.5M | 2.29% |
| 20 | Comcast Corp. (Cl A) | CCZ | 5,346,670 | $197.3M | 2.28% |
| 21 | Morgan Stanley | MS-PQ | 1,662,599 | $194.0M | 2.24% |
| 22 | Truist Financial Corp | 89832Q109 | 4,481,647 | $184.4M | 2.13% |
| 23 | AT&T Inc. | T-PC | 6,359,222 | $179.8M | 2.08% |
| 24 | NextEra Energy Inc. | NEE-PW | 2,526,739 | $179.1M | 2.07% |
| 25 | Altria Group Inc. | MO | 2,882,310 | $173.0M | 2.00% |
| 26 | Genuine Parts Co. | GPC | 1,352,590 | $161.1M | 1.86% |
| 27 | Dow Inc | DOW | 4,544,766 | $158.7M | 1.83% |
| 28 | Unilever PLC (ADR) | UNLYF | 2,596,946 | $154.6M | 1.79% |
| 29 | Broadcom Ltd. | AVGO | 849,894 | $142.3M | 1.64% |
| 30 | BCE Inc. | BCPPF | 6,159,929 | $141.4M | 1.63% |
| 31 | The Travelers Companies Inc. | TRV | 528,196 | $139.7M | 1.61% |
| 32 | United Parcel Service Inc. | UPS | 1,211,014 | $133.2M | 1.54% |
| 33 | ConocoPhillips | COP | 1,266,926 | $133.1M | 1.54% |
| 34 | Lowe's Companies Inc. | 548661107 | 544,029 | $126.9M | 1.47% |
| 35 | Pfizer Inc. | PFE | 4,723,322 | $119.7M | 1.38% |
| 36 | Crown Castle Inc. | CCI | 1,101,789 | $114.8M | 1.33% |
| 37 | Target Corp. | TGT | 939,473 | $98.0M | 1.13% |
| 38 | Microsoft Corp. | MSFT | 224,053 | $84.1M | 0.97% |
| 39 | Omnicom Group Inc. | OMC | 1,011,210 | $83.8M | 0.97% |
| 40 | Diageo PLC (ADR) | DGEAF | 784,044 | $82.2M | 0.95% |
| 41 | Qualcomm Inc. | QCOM | 493,511 | $75.8M | 0.88% |
| 42 | EOG Resources Inc. | EOG | 550,717 | $70.6M | 0.82% |
| 43 | Verizon Communications Inc. | VZ | 1,507,977 | $68.4M | 0.79% |
| 44 | Bristol-Myers Squibb Co. | CELG-RI | 1,118,589 | $68.2M | 0.79% |
| 45 | PPL Corp. | PPLC | 1,864,500 | $67.3M | 0.78% |
| 46 | Keurig Dr Pepper Inc | KDP | 1,797,912 | $61.5M | 0.71% |
| 47 | Rio Tinto PLC (ADR) | RTNTF | 926,500 | $55.7M | 0.64% |
| 48 | Sysco Corp. | SYY | 685,214 | $51.4M | 0.59% |
| 49 | Baxter International Inc. | 071813109 | 1,496,127 | $51.2M | 0.59% |
| 50 | British American Tobacco PLC (ADR) | 110448107 | 1,199,582 | $49.6M | 0.57% |
| 51 | Coca Cola Euro Pacific Partner | CCEP | 563,792 | $49.1M | 0.57% |
| 52 | Coca-Cola Femsa SAB de CV (ADR) | COCSF | 518,743 | $47.4M | 0.55% |
| 53 | International Business Machine | INTR | 187,670 | $46.7M | 0.54% |
| 54 | ICICI Bank Ltd. (ADR) | IBN | 1,383,721 | $43.6M | 0.50% |
| 55 | Mondelez International Inc. | 609207105 | 595,344 | $40.4M | 0.47% |
| 56 | ASE Technology Holding Company (ADR) | ASX | 4,497,235 | $39.4M | 0.46% |
| 57 | Smurfit Westrock PLC | SW | 851,665 | $38.4M | 0.44% |
| 58 | Enbridge Inc. | ENNPF | 826,654 | $36.6M | 0.42% |
| 59 | Petroleo Brasileiro SA (ADR) | 71654V408 | 2,506,251 | $35.9M | 0.42% |
| 60 | The PNC Financial Services Gro | 693475105 | 197,397 | $34.7M | 0.40% |
| 61 | Shell PLC (ADR) | RYDAF | 460,039 | $33.7M | 0.39% |
| 62 | Toyota Motor Corp. (ADR) | TOYOF | 159,055 | $28.1M | 0.32% |
| 63 | Taiwan Semiconductor Manufactu (ADR) | 874039100 | 164,444 | $27.3M | 0.32% |
| 64 | Sanofi (ADR) | SNYNF | 401,110 | $22.2M | 0.26% |
| 65 | Laureate Education Inc. | LAUR | 864,715 | $17.7M | 0.20% |
| 66 | TotalEnergies SE (ADR) | TTE | 229,097 | $14.8M | 0.17% |
| 67 | Alibaba Group Holding Ltd. (ADR) | BBAAY | 65,364 | $8.6M | 0.10% |
| 68 | Copa Holdings SA | CPA | 87,260 | $8.1M | 0.09% |
| 69 | WisdomTree India Earnings Fund | WT | 181,173 | $7.9M | 0.09% |
| 70 | Kaspi.kz JSC (ADR) | 48581R205 | 76,826 | $7.1M | 0.08% |
| 71 | Trip.com Group Ltd. (ADR) | TRPCF | 104,366 | $6.6M | 0.08% |
| 72 | iShares MSCI Taiwan ETF | 46434G772 | 125,835 | $6.0M | 0.07% |
| 73 | iShares MSCI South Korea ETF | 464286772 | 101,217 | $5.5M | 0.06% |
| 74 | KB Financial Group Inc. (ADR) | 48241A105 | 93,222 | $5.0M | 0.06% |
| 75 | iShares MSCI Malaysia ETF | 46434G814 | 208,826 | $4.8M | 0.06% |
| 76 | American Express Co. | AXP | 16,664 | $4.5M | 0.05% |
| 77 | The Cigna Group | 125523100 | 13,590 | $4.5M | 0.05% |
| 78 | Energy Transfer LP | ET-PI | 228,496 | $4.2M | 0.05% |
| 79 | Oracle Corp. | ORCL-PD | 29,799 | $4.2M | 0.05% |
| 80 | Walmart Inc. | WMT | 46,922 | $4.1M | 0.05% |
| 81 | Honeywell International Inc. | 438516106 | 18,191 | $3.9M | 0.04% |
| 82 | Sempra | SREA | 53,260 | $3.8M | 0.04% |
| 83 | Enterprise Products Partners L | 293792107 | 108,870 | $3.7M | 0.04% |
| 84 | The Allstate Corp. | ALL-PJ | 17,774 | $3.7M | 0.04% |
| 85 | Eaton Corp. PLC | ETN | 13,406 | $3.6M | 0.04% |
| 86 | Airtel Africa PLC | KTB | 1,558,688 | $3.3M | 0.04% |
| 87 | Axalta Coating Systems Ltd. | AXTA | 99,446 | $3.3M | 0.04% |
| 88 | The Walt Disney Co. | 254687106 | 31,869 | $3.1M | 0.04% |
| 89 | iShares MSCI India ETF | 46429B598 | 56,115 | $2.9M | 0.03% |
| 90 | Applied Materials Inc. | 038222105 | 19,635 | $2.8M | 0.03% |
| 91 | BorgWarner Inc. | BWA | 94,968 | $2.7M | 0.03% |
| 92 | Packaging Corp. of America | 695156109 | 12,245 | $2.4M | 0.03% |
| 93 | Union Pacific Corp. | UNP | 10,035 | $2.4M | 0.03% |
| 94 | Arrow Electronics Inc. | 042735100 | 22,158 | $2.3M | 0.03% |
| 95 | McDonald's Corp. | MCD | 7,041 | $2.2M | 0.03% |
| 96 | The JM Smucker Co. | 832696405 | 17,324 | $2.1M | 0.02% |
| 97 | SPDR Bloomberg 1-3 Month T-Bil | 78468R663 | 22,359 | $2.1M | 0.02% |
| 98 | Raymond James Financial Inc. | 754730109 | 13,117 | $1.8M | 0.02% |
| 99 | Canadian National Railway Co. | 136375102 | 16,863 | $1.6M | 0.02% |
| 100 | The Procter & Gamble Co. | 742718109 | 9,393 | $1.6M | 0.02% |
| 101 | Conagra Brands Inc. | CAG | 59,596 | $1.6M | 0.02% |
| 102 | Simon Property Group Inc. | 828806109 | 9,221 | $1.5M | 0.02% |
| 103 | DuPont De Nemours Inc. | DD | 20,245 | $1.5M | 0.02% |
| 104 | Apple Inc. | AAPL | 6,344 | $1.4M | 0.02% |
| 105 | LendingTree Inc. | TREE | 27,459 | $1.4M | 0.02% |
| 106 | First Horizon Corp. | FHN-PH | 70,412 | $1.4M | 0.02% |
| 107 | CSX Corp. | CSX | 45,704 | $1.3M | 0.02% |
| 108 | BOEING CO/THE | BA-PA | 7,851 | $1.3M | 0.02% |
| 109 | General Electric Co. | 369604301 | 6,451 | $1.3M | 0.01% |
| 110 | American Water Works Company I | 030420103 | 8,502 | $1.3M | 0.01% |
| 111 | PepsiCo Inc. | PEP | 8,335 | $1.2M | 0.01% |
| 112 | Alphabet Inc. | GOOG | 8,043 | $1.2M | 0.01% |
| 113 | Fidelity National Information | 31620M106 | 16,350 | $1.2M | 0.01% |
| 114 | Micron Technology Inc. | MU | 13,215 | $1.1M | 0.01% |
| 115 | Viper Energy Inc | VNOM | 24,594 | $1.1M | 0.01% |
| 116 | Warner Brothers Discovery Inc. | WBD | 102,245 | $1.1M | 0.01% |
| 117 | 3M Co. | MMM | 7,321 | $1.1M | 0.01% |
| 118 | Essential Utilites Inc. | 29670G102 | 26,704 | $1.1M | 0.01% |
| 119 | Archer-Daniels-Midland Co. | ADM | 21,875 | $1.1M | 0.01% |
| 120 | Great Lakes Dredge & Dock Corp | GLDD | 118,452 | $1.0M | 0.01% |
| 121 | WesBanco Inc. | WSBCO | 31,701 | $981,463 | 0.01% |
| 122 | Vanguard FTSE Emerging Markets | 922042858 | 21,063 | $953,311 | 0.01% |
| 123 | Ameris Bancorp | ABCB | 16,398 | $944,033 | 0.01% |
| 124 | Cousins Properties Inc. | 222795502 | 28,525 | $841,488 | 0.01% |
| 125 | Kimberly-Clark Corp. | KMB | 5,840 | $830,565 | 0.01% |
| 126 | Blackstone Inc | BX | 5,845 | $817,014 | 0.01% |
| 127 | PennyMac Financial Services In | 70932M107 | 8,138 | $814,695 | 0.01% |
| 128 | American States Water Co. | 029899101 | 10,341 | $813,630 | 0.01% |
| 129 | Highwoods Properties Inc. | 431284108 | 27,450 | $813,618 | 0.01% |
| 130 | Korn Ferry | KFY | 11,883 | $806,024 | 0.01% |
| 131 | The Coca-Cola Co. | KO | 10,429 | $746,925 | 0.01% |
| 132 | Public Service Enterprise Grou | 744573106 | 8,999 | $740,618 | 0.01% |
| 133 | Communication Services Select | 81369Y852 | 7,649 | $737,746 | 0.01% |
| 134 | Sensata Technologies Holding P | ST | 29,740 | $721,790 | 0.01% |
| 135 | Coterra Energy Inc. | CTRA | 24,890 | $719,321 | 0.01% |
| 136 | Health Care Select Sector SPDR | 81369Y209 | 4,815 | $703,038 | 0.01% |
| 137 | Simons First National Corp. | 828730200 | 33,742 | $692,723 | 0.01% |
| 138 | Masterbrand Inc. | MBC | 52,361 | $683,835 | 0.01% |
| 139 | Portland General Electric Co. | 736508847 | 15,233 | $679,392 | 0.01% |
| 140 | Materials Select Sector SPDR F | 81369Y100 | 7,846 | $674,599 | 0.01% |
| 141 | SouthState Corp. | SSB | 7,167 | $665,286 | 0.01% |
| 142 | Douglas Elliman Inc. | DOUG | 365,963 | $629,456 | 0.01% |
| 143 | iShares MSCI EAFE Value ETF | 464288877 | 10,558 | $622,289 | 0.01% |
| 144 | Industrial Select Sector SPDR | 81369Y704 | 4,712 | $617,602 | 0.01% |
| 145 | Xylem Inc. | XYL | 5,101 | $609,365 | 0.01% |
| 146 | Latham Group Inc. | SWIM | 94,429 | $607,178 | 0.01% |
| 147 | California Water Service Group | 130788102 | 12,487 | $605,120 | 0.01% |
| 148 | Select Water Solutions Inc. | WTTR | 50,621 | $531,521 | 0.01% |
| 149 | Core & Main Inc | CNM | 10,964 | $529,671 | 0.01% |
| 150 | First Interstate Bancsystem In | 32055Y201 | 18,214 | $521,831 | 0.01% |
| 151 | Veralto Corp. | VLTO | 5,228 | $509,469 | 0.01% |
| 152 | Advanced Drainage Systems Inc. | 00790R104 | 4,625 | $502,506 | 0.01% |
| 153 | Marriot Vacations Worldwide Co | VAC | 7,788 | $500,301 | 0.01% |
| 154 | Enterprise Financial Services | 293712105 | 9,240 | $496,558 | 0.01% |
| 155 | Consumer Discretionary Select | 81369Y407 | 2,513 | $496,217 | 0.01% |
| 156 | AbbVie Inc. | ABBV | 2,342 | $490,696 | 0.01% |
| 157 | GE Vernova LLC | GEV | 1,600 | $488,448 | 0.01% |
| 158 | Pentair PLC | PNR | 5,285 | $462,332 | 0.01% |
| 159 | Linde PLC | LIN | 976 | $454,338 | 0.01% |
| 160 | Weyerhaeuser Co. | WY | 14,397 | $421,544 | 0.00% |
| 161 | Tetra Tech Inc. | TTEK | 14,357 | $419,942 | 0.00% |
| 162 | Consumer Staples Select Sector | 81369Y308 | 4,954 | $404,593 | 0.00% |
| 163 | Malibu Boats Inc. | MBUU | 12,916 | $396,263 | 0.00% |
| 164 | Crocs Inc. | CROX | 3,728 | $395,914 | 0.00% |
| 165 | Technology Select Sector SPDR | 81369Y803 | 1,877 | $387,563 | 0.00% |
| 166 | LoanDepot Inc. | LDI | 324,490 | $386,143 | 0.00% |
| 167 | Dominion Energy Inc. | D | 6,879 | $385,706 | 0.00% |
| 168 | Granite Real Estate Investment | 387437205 | 8,190 | $383,745 | 0.00% |
| 169 | Masco Corp. | MAS | 5,277 | $366,963 | 0.00% |
| 170 | The York Water Co. | 987184108 | 10,475 | $363,273 | 0.00% |
| 171 | WP Carey Inc. | 92936U109 | 5,728 | $361,494 | 0.00% |
| 172 | Canadian Pacific Kansas City L | CP | 4,953 | $347,750 | 0.00% |
| 173 | M/I Homes Inc. | MHO | 3,039 | $346,993 | 0.00% |
| 174 | Consolidated Water Company Ltd | CWCO | 13,721 | $336,027 | 0.00% |
| 175 | Stantec Inc. | STN | 4,052 | $335,668 | 0.00% |
| 176 | Valmont Industries Inc. | 920253101 | 1,168 | $333,312 | 0.00% |
| 177 | Sitio Royalties Corp | 82983N108 | 16,495 | $327,756 | 0.00% |
| 178 | Prologis Inc. | PLDGP | 2,920 | $326,427 | 0.00% |
| 179 | Global Water Resources Inc. | 379463102 | 31,573 | $325,518 | 0.00% |
| 180 | SJW Group | HTO | 5,634 | $308,462 | 0.00% |
| 181 | Middlesex Water Co. | 596680108 | 4,695 | $300,950 | 0.00% |
| 182 | Zurn Elkay Water Solutions Cor | 98983L108 | 8,937 | $294,742 | 0.00% |
| 183 | Unisys Corp. | UIS | 63,632 | $292,071 | 0.00% |
| 184 | Caterpillar Inc. | CAT | 869 | $286,596 | 0.00% |
| 185 | iShares Russell 2000 Value ETF | 464287630 | 1,873 | $282,786 | 0.00% |
| 186 | PotlatchDeltic Corp | 737630103 | 5,926 | $267,381 | 0.00% |
| 187 | Artesian Resources Corp. | ARTNB | 7,887 | $257,511 | 0.00% |
| 188 | Energy Select Sector SPDR Fund | 81369Y506 | 2,709 | $253,156 | 0.00% |
| 189 | A.O. Smith Corp. | AOS | 3,873 | $253,139 | 0.00% |
| 190 | iShares Russell 1000 Value ETF | 464287598 | 1,294 | $243,479 | 0.00% |
| 191 | WisdomTree Japan Hedged Equity | WT | 2,190 | $241,294 | 0.00% |
| 192 | Rayonier Inc. | RYN | 8,262 | $230,345 | 0.00% |
| 193 | SPDR Euro Stoxx 50 ETF | 78463X202 | 4,024 | $218,946 | 0.00% |
| 194 | Public Storage | PSA-PS | 721 | $215,788 | 0.00% |
| 195 | Lindsay Corp. | LNN | 1,704 | $215,590 | 0.00% |
| 196 | Denny's Corp. | 24869P104 | 58,291 | $213,928 | 0.00% |
| 197 | Companhia de Saneamento Basico (ADR) | SBS | 11,762 | $210,069 | 0.00% |
| 198 | iShares Select Dividend ETF | 464287168 | 1,550 | $208,150 | 0.00% |
| 199 | International Paper Co. | 460146103 | 3,890 | $207,532 | 0.00% |
| 200 | Financial Select Sector SPDR F | 81369Y605 | 4,148 | $206,612 | 0.00% |
| 201 | Ecolab Inc. | ECL | 797 | $202,055 | 0.00% |
| 202 | Pool Corp. | POOL | 629 | $200,242 | 0.00% |
| 203 | Under Armour Inc. (class C) | UA | 32,385 | $192,691 | 0.00% |
| 204 | Suzano SA (ADR) | SUZ | 19,595 | $182,038 | 0.00% |
| 205 | Leslie's Inc. | 527064109 | 171,765 | $126,333 | 0.00% |