13F HOLDINGS REPORT
Cullen Capital Management, LLC
Quarter ended Q3 2025 · Filed September 30, 2025 · Accession 0001193125-25-224592
Total Value
$8.78B
Positions
198
Other Managers
0
Confidential Omitted
No
Holdings (198)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | JP Morgan Chase & Co. | VYLD | 1,047,243 | $303.6M | 3.46% |
| 2 | Cisco Systems Inc. | CSCO | 4,035,596 | $280.0M | 3.19% |
| 3 | Bank of America Corp. | 060505104 | 5,507,486 | $260.6M | 2.97% |
| 4 | Novartis AG (ADR) | NVSEF | 2,096,852 | $253.7M | 2.89% |
| 5 | Duke Energy Corp. | DUKB | 2,049,613 | $241.9M | 2.75% |
| 6 | Medtronic PLC | MDT | 2,701,420 | $235.5M | 2.68% |
| 7 | Citigroup Inc. | C-PR | 2,757,364 | $234.7M | 2.67% |
| 8 | Broadcom Ltd. | AVGO | 837,455 | $230.8M | 2.63% |
| 9 | Morgan Stanley | MS-PQ | 1,636,014 | $230.4M | 2.62% |
| 10 | AT&T Inc. | T-PC | 7,944,442 | $229.9M | 2.62% |
| 11 | Philip Morris International In | 718172109 | 1,240,048 | $225.8M | 2.57% |
| 12 | General Dynamics Corp. | GD | 741,984 | $216.4M | 2.46% |
| 13 | RTX Corp | RTX | 1,473,335 | $215.1M | 2.45% |
| 14 | Vici Properties Inc. | 925652109 | 6,426,523 | $209.5M | 2.39% |
| 15 | Johnson Controls International | G51502105 | 1,983,526 | $209.5M | 2.39% |
| 16 | Exxon Mobil Corp. | XOM | 1,929,306 | $208.0M | 2.37% |
| 17 | Chubb Ltd. | CB | 695,502 | $201.5M | 2.29% |
| 18 | Johnson & Johnson | JNJ | 1,211,617 | $185.1M | 2.11% |
| 19 | Merck & Co. Inc. | MRK | 2,276,476 | $180.2M | 2.05% |
| 20 | Truist Financial Corp | 89832Q109 | 4,164,716 | $179.0M | 2.04% |
| 21 | ConocoPhillips | COP | 1,934,767 | $173.6M | 1.98% |
| 22 | Comcast Corp. (Cl A) | CCZ | 4,838,708 | $172.7M | 1.97% |
| 23 | NextEra Energy Inc. | NEE-PW | 2,476,861 | $171.9M | 1.96% |
| 24 | Healthpeak Properties Inc | DOC | 9,591,104 | $167.9M | 1.91% |
| 25 | Genuine Parts Co. | GPC | 1,353,327 | $164.2M | 1.87% |
| 26 | Unilever PLC (ADR) | UNLYF | 2,546,500 | $155.8M | 1.77% |
| 27 | Altria Group Inc. | MO | 2,617,603 | $153.5M | 1.75% |
| 28 | The Travelers Companies Inc. | TRV | 520,886 | $139.4M | 1.59% |
| 29 | United Parcel Service Inc. | UPS | 1,323,656 | $133.6M | 1.52% |
| 30 | Lowe's Companies Inc. | 548661107 | 585,937 | $130.0M | 1.48% |
| 31 | Chevron Corp. | CVX | 904,996 | $129.6M | 1.48% |
| 32 | Crown Castle Inc. | CCI | 1,132,720 | $116.4M | 1.33% |
| 33 | Microsoft Corp. | MSFT | 217,237 | $108.1M | 1.23% |
| 34 | Target Corp. | TGT | 965,219 | $95.2M | 1.08% |
| 35 | Pfizer Inc. | PFE | 3,643,578 | $88.3M | 1.01% |
| 36 | Qualcomm Inc. | QCOM | 542,906 | $86.5M | 0.98% |
| 37 | Dow Inc | DOW | 3,184,041 | $84.3M | 0.96% |
| 38 | BCE Inc. | BCPPF | 3,597,380 | $79.8M | 0.91% |
| 39 | Diageo PLC (ADR) | DGEAF | 781,444 | $78.8M | 0.90% |
| 40 | Omnicom Group Inc. | OMC | 1,084,737 | $78.0M | 0.89% |
| 41 | EOG Resources Inc. | EOG | 576,470 | $69.0M | 0.79% |
| 42 | Verizon Communications Inc. | VZ | 1,538,098 | $66.6M | 0.76% |
| 43 | British American Tobacco PLC (ADR) | 110448107 | 1,401,922 | $66.4M | 0.76% |
| 44 | Becton Dickinson & Co. | BDX | 368,568 | $63.5M | 0.72% |
| 45 | PPL Corp. | PPLC | 1,847,742 | $62.6M | 0.71% |
| 46 | Bristol-Myers Squibb Co. | CELG-RI | 1,261,070 | $58.4M | 0.66% |
| 47 | ASE Technology Holding Company (ADR) | ASX | 5,580,176 | $57.6M | 0.66% |
| 48 | National Grid PLC (ADR) | NMPWP | 758,795 | $56.5M | 0.64% |
| 49 | Conagra Brands Inc. | CAG | 2,740,013 | $56.1M | 0.64% |
| 50 | Coca Cola Euro Pacific Partner | CCEP | 576,776 | $53.5M | 0.61% |
| 51 | Taiwan Semiconductor Manufacturing (ADR) | 874039100 | 235,376 | $53.3M | 0.61% |
| 52 | PACCAR Inc. | PCAR | 560,405 | $53.3M | 0.61% |
| 53 | Sysco Corp. | SYY | 698,965 | $52.9M | 0.60% |
| 54 | Kenvue Inc | KVUE | 2,484,940 | $52.0M | 0.59% |
| 55 | Rio Tinto PLC (ADR) | RTNTF | 882,679 | $51.5M | 0.59% |
| 56 | Coca-Cola Femsa SAB de CV (ADR) | COCSF | 531,055 | $51.4M | 0.58% |
| 57 | International Business Machine | INTR | 173,053 | $51.0M | 0.58% |
| 58 | Baxter International Inc. | 071813109 | 1,651,542 | $50.0M | 0.57% |
| 59 | Keurig Dr Pepper Inc | KDP | 1,498,536 | $49.5M | 0.56% |
| 60 | Enbridge Inc. | ENNPF | 1,070,038 | $48.5M | 0.55% |
| 61 | PPG Industries Inc. | 693506107 | 411,757 | $46.8M | 0.53% |
| 62 | ICICI Bank Ltd. (ADR) | IBN | 1,384,763 | $46.6M | 0.53% |
| 63 | The PNC Financial Services Gro | 693475105 | 204,875 | $38.2M | 0.43% |
| 64 | Shell PLC (ADR) | RYDAF | 485,378 | $34.2M | 0.39% |
| 65 | Petroleo Brasileiro SA (ADR) | 71654V408 | 2,636,074 | $33.0M | 0.38% |
| 66 | Toyota Motor Corp. (ADR) | TOYOF | 157,494 | $27.1M | 0.31% |
| 67 | Norfolk Southern Corp. | 655844108 | 92,087 | $23.6M | 0.27% |
| 68 | Communication Services Select | 81369Y852 | 205,981 | $22.4M | 0.25% |
| 69 | Smurfit Westrock PLC | SW | 514,091 | $22.2M | 0.25% |
| 70 | Sanofi (ADR) | SNYNF | 437,824 | $21.2M | 0.24% |
| 71 | Copa Holdings SA | CPA | 184,228 | $20.3M | 0.23% |
| 72 | Health Care Select Sector SPDR | 81369Y209 | 143,463 | $19.3M | 0.22% |
| 73 | TotalEnergies SE (ADR) | TTE | 252,335 | $15.5M | 0.18% |
| 74 | iShares MSCI South Korea ETF | 464286772 | 196,402 | $14.1M | 0.16% |
| 75 | Laureate Education Inc. | LAUR | 602,831 | $14.1M | 0.16% |
| 76 | WisdomTree India Earnings Fund | WT | 210,075 | $10.0M | 0.11% |
| 77 | Financial Select Sector SPDR F | 81369Y605 | 185,424 | $9.7M | 0.11% |
| 78 | KB Financial Group Inc. (ADR) | 48241A105 | 111,477 | $9.2M | 0.10% |
| 79 | Industrial Select Sector SPDR | 81369Y704 | 61,155 | $9.0M | 0.10% |
| 80 | iShares MSCI Taiwan ETF | 46434G772 | 156,851 | $9.0M | 0.10% |
| 81 | Alibaba Group Holding Ltd. (ADR) | BBAAY | 64,542 | $7.3M | 0.08% |
| 82 | Technology Select Sector SPDR | 81369Y803 | 27,478 | $7.0M | 0.08% |
| 83 | Oracle Corp. | ORCL-PD | 29,363 | $6.4M | 0.07% |
| 84 | American Express Co. | AXP | 17,007 | $5.4M | 0.06% |
| 85 | iShares MSCI Malaysia ETF | 46434G814 | 206,733 | $5.0M | 0.06% |
| 86 | Eaton Corp. PLC | ETN | 13,051 | $4.7M | 0.05% |
| 87 | The Cigna Group | 125523100 | 13,931 | $4.6M | 0.05% |
| 88 | Itau Unibanco Holding SA (ADR) | 465562106 | 675,383 | $4.6M | 0.05% |
| 89 | Walmart Inc. | WMT | 44,033 | $4.3M | 0.05% |
| 90 | Honeywell International Inc. | 438516106 | 18,068 | $4.2M | 0.05% |
| 91 | The Walt Disney Co. | 254687106 | 32,982 | $4.1M | 0.05% |
| 92 | Mondelez International Inc. | 609207105 | 59,970 | $4.0M | 0.05% |
| 93 | Materials Select Sector SPDR F | 81369Y100 | 45,086 | $4.0M | 0.05% |
| 94 | Sempra | SREA | 48,858 | $3.7M | 0.04% |
| 95 | Applied Materials Inc. | 038222105 | 20,163 | $3.7M | 0.04% |
| 96 | The Allstate Corp. | ALL-PJ | 18,283 | $3.7M | 0.04% |
| 97 | Energy Transfer LP | ET-PI | 192,994 | $3.5M | 0.04% |
| 98 | BorgWarner Inc. | BWA | 98,970 | $3.3M | 0.04% |
| 99 | Enterprise Products Partners L | 293792107 | 106,851 | $3.3M | 0.04% |
| 100 | SPDR Bloomberg 1-3 Month T-Bil | 78468R663 | 35,596 | $3.3M | 0.04% |
| 101 | iShares MSCI India ETF | 46429B598 | 56,875 | $3.2M | 0.04% |
| 102 | Axalta Coating Systems Ltd. | AXTA | 102,987 | $3.1M | 0.03% |
| 103 | Arrow Electronics Inc. | 042735100 | 22,265 | $2.8M | 0.03% |
| 104 | Kaspi.kz JSC ADR | 48581R205 | 31,846 | $2.7M | 0.03% |
| 105 | Packaging Corp. of America | 695156109 | 12,254 | $2.3M | 0.03% |
| 106 | Raymond James Financial Inc. | 754730109 | 14,087 | $2.2M | 0.02% |
| 107 | Union Pacific Corp. | UNP | 9,210 | $2.1M | 0.02% |
| 108 | McDonald's Corp. | MCD | 7,001 | $2.0M | 0.02% |
| 109 | The JM Smucker Co. | 832696405 | 19,892 | $2.0M | 0.02% |
| 110 | Micron Technology Inc. | MU | 14,180 | $1.7M | 0.02% |
| 111 | General Electric Co. | 369604301 | 6,451 | $1.7M | 0.02% |
| 112 | BOEING CO/THE | BA-PA | 7,872 | $1.6M | 0.02% |
| 113 | Canadian National Railway Co. | 136375102 | 15,662 | $1.6M | 0.02% |
| 114 | CSX Corp. | CSX | 49,064 | $1.6M | 0.02% |
| 115 | Simon Property Group Inc. | 828806109 | 9,896 | $1.6M | 0.02% |
| 116 | Alphabet Inc. | GOOG | 8,598 | $1.5M | 0.02% |
| 117 | DuPont De Nemours Inc. | DD | 21,740 | $1.5M | 0.02% |
| 118 | First Horizon Corp. | FHN-PH | 70,211 | $1.5M | 0.02% |
| 119 | The Procter & Gamble Co. | 742718109 | 9,269 | $1.5M | 0.02% |
| 120 | Fidelity National Information | 31620M106 | 17,510 | $1.4M | 0.02% |
| 121 | Warner Brothers Discovery Inc. | WBD | 109,690 | $1.3M | 0.01% |
| 122 | Great Lakes Dredge & Dock Corp | GLDD | 97,128 | $1.2M | 0.01% |
| 123 | 3M Co. | MMM | 7,315 | $1.1M | 0.01% |
| 124 | PepsiCo Inc. | PEP | 8,118 | $1.1M | 0.01% |
| 125 | Apple Inc. | AAPL | 4,940 | $1.0M | 0.01% |
| 126 | Ameris Bancorp | ABCB | 15,633 | $1.0M | 0.01% |
| 127 | Essential Utilites Inc. | 29670G102 | 26,704 | $991,787 | 0.01% |
| 128 | Archer-Daniels-Midland Co. | ADM | 17,492 | $923,228 | 0.01% |
| 129 | Kimberly-Clark Corp. | KMB | 6,870 | $885,955 | 0.01% |
| 130 | Utilities Select Sector SPDR F | 81369Y886 | 10,748 | $877,682 | 0.01% |
| 131 | Public Storage | PSA-PS | 2,991 | $877,619 | 0.01% |
| 132 | American Water Works Company I | 030420103 | 6,291 | $875,141 | 0.01% |
| 133 | LendingTree Inc. | TREE | 23,604 | $875,000 | 0.01% |
| 134 | GE Vernova LLC | GEV | 1,600 | $846,640 | 0.01% |
| 135 | Tetra Tech Inc. | TTEK | 22,441 | $806,978 | 0.01% |
| 136 | Douglas Elliman Inc. | DOUG | 346,901 | $804,810 | 0.01% |
| 137 | WesBanco Inc. | WSBCO | 25,429 | $804,319 | 0.01% |
| 138 | Public Service Enterprise Grou | 744573106 | 8,999 | $757,536 | 0.01% |
| 139 | Core & Main Inc | CNM | 12,494 | $754,013 | 0.01% |
| 140 | The Coca-Cola Co. | KO | 10,429 | $737,852 | 0.01% |
| 141 | Cousins Properties Inc. | 222795502 | 24,365 | $731,681 | 0.01% |
| 142 | Sensata Technologies Holding P | ST | 23,792 | $716,377 | 0.01% |
| 143 | Advanced Drainage Systems Inc. | 00790R104 | 6,011 | $690,423 | 0.01% |
| 144 | Marriot Vacations Worldwide Co | VAC | 9,504 | $687,234 | 0.01% |
| 145 | Veralto Corp. | VLTO | 6,804 | $686,864 | 0.01% |
| 146 | Companhia de Saneamento Basico (ADR) | SBS | 30,986 | $680,762 | 0.01% |
| 147 | Xylem Inc. | XYL | 5,101 | $659,865 | 0.01% |
| 148 | SouthState Bank Corp. | 84472E102 | 7,143 | $657,415 | 0.01% |
| 149 | WP Carey Inc. | 92936U109 | 10,467 | $652,931 | 0.01% |
| 150 | Coterra Energy Inc. | CTRA | 24,896 | $631,860 | 0.01% |
| 151 | Granite Real Estate Investment | 387437205 | 12,315 | $622,681 | 0.01% |
| 152 | Korn Ferry | KFY | 8,480 | $621,838 | 0.01% |
| 153 | American States Water Co. | 029899101 | 8,074 | $618,953 | 0.01% |
| 154 | Portland General Electric Co. | 736508847 | 15,230 | $618,795 | 0.01% |
| 155 | Pentair PLC | PNR | 5,973 | $613,188 | 0.01% |
| 156 | Latham Group Inc. | SWIM | 94,429 | $602,457 | 0.01% |
| 157 | Highwoods Properties Inc. | 431284108 | 18,542 | $576,471 | 0.01% |
| 158 | First Interstate Bancsystem In | 32055Y201 | 19,877 | $572,855 | 0.01% |
| 159 | California Water Service Group | 130788102 | 12,487 | $567,909 | 0.01% |
| 160 | Simons First National Corp. | 828730200 | 29,907 | $567,037 | 0.01% |
| 161 | Consumer Staples Select Sector | 81369Y308 | 6,792 | $549,948 | 0.01% |
| 162 | Enterprise Financial Services | 293712105 | 8,513 | $469,066 | 0.01% |
| 163 | Linde PLC | LIN | 976 | $458,008 | 0.01% |
| 164 | M/I Homes Inc. | MHO | 4,081 | $457,562 | 0.01% |
| 165 | H2O America | HTO | 8,507 | $442,109 | 0.01% |
| 166 | Newmark Group Inc. | NMRK | 36,377 | $441,981 | 0.01% |
| 167 | Select Water Solutions Inc. | WTTR | 50,493 | $436,260 | 0.00% |
| 168 | Real Estate Select Sector SPDR | 81369Y860 | 10,453 | $432,963 | 0.00% |
| 169 | PennyMac Financial Services In | 70932M107 | 4,185 | $416,993 | 0.00% |
| 170 | Vanguard FTSE Emerging Markets | 922042858 | 8,420 | $416,453 | 0.00% |
| 171 | Masterbrand Inc. | MBC | 38,004 | $415,384 | 0.00% |
| 172 | Viper Energy Inc | VNOM | 10,868 | $414,397 | 0.00% |
| 173 | Malibu Boats Inc. | MBUU | 12,686 | $397,579 | 0.00% |
| 174 | Canadian Pacific Kansas City L | CP | 4,953 | $392,624 | 0.00% |
| 175 | Valmont Industries Inc. | 920253101 | 1,168 | $381,434 | 0.00% |
| 176 | Weyerhaeuser Co. | WY | 14,397 | $369,859 | 0.00% |
| 177 | Consolidated Water Company Ltd | CWCO | 11,577 | $347,542 | 0.00% |
| 178 | Crocs Inc. | CROX | 3,369 | $341,212 | 0.00% |
| 179 | Masco Corp. | MAS | 5,277 | $339,628 | 0.00% |
| 180 | Caterpillar Inc. | CAT | 869 | $337,354 | 0.00% |
| 181 | Dominion Energy Inc. | D | 5,936 | $335,503 | 0.00% |
| 182 | The York Water Co. | 987184108 | 10,475 | $331,010 | 0.00% |
| 183 | Global Water Resources Inc. | 379463102 | 31,573 | $321,729 | 0.00% |
| 184 | Stantec Inc. | STN | 2,903 | $315,498 | 0.00% |
| 185 | LoanDepot Inc. | LDI | 243,648 | $309,433 | 0.00% |
| 186 | Prologis Inc. | PLDGP | 2,920 | $306,950 | 0.00% |
| 187 | Energy Select Sector SPDR Fund | 81369Y506 | 3,325 | $281,993 | 0.00% |
| 188 | Artesian Resources Corp. | ARTNB | 7,887 | $264,688 | 0.00% |
| 189 | Middlesex Water Co. | 596680108 | 4,695 | $254,375 | 0.00% |
| 190 | A.O. Smith Corp. | AOS | 3,873 | $253,953 | 0.00% |
| 191 | Lindsay Corp. | LNN | 1,704 | $245,802 | 0.00% |
| 192 | Ecolab Inc. | ECL | 872 | $234,952 | 0.00% |
| 193 | Consumer Discretionary Select | 81369Y407 | 1,074 | $233,412 | 0.00% |
| 194 | AbbVie Inc. | ABBV | 1,247 | $231,468 | 0.00% |
| 195 | PotlatchDeltic Corp | 737630103 | 5,926 | $227,381 | 0.00% |
| 196 | Suzano SA (ADR) | SUZ | 19,595 | $184,389 | 0.00% |
| 197 | Under Armour Inc. (class C) | UA | 26,160 | $169,778 | 0.00% |
| 198 | Unisys Corp. | UIS | 23,999 | $108,715 | 0.00% |