13F HOLDINGS REPORT
Cullen Capital Management, LLC
Quarter ended Q3 2025 · Filed November 5, 2025 · Accession 0001193125-25-265864
Total Value
$9.14B
Positions
217
Other Managers
0
Confidential Omitted
No
Holdings (217)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | JP Morgan Chase & Co. | VYLD | 1,006,665 | $317.5M | 3.47% |
| 2 | Bank of America Corp. | 060505104 | 5,452,072 | $281.3M | 3.08% |
| 3 | Cisco Systems Inc. | CSCO | 3,937,772 | $269.4M | 2.95% |
| 4 | Novartis AG (ADR) | NVSEF | 2,070,377 | $265.5M | 2.90% |
| 5 | Medtronic PLC | MDT | 2,672,375 | $254.5M | 2.78% |
| 6 | Duke Energy Corp. | DUKB | 2,019,977 | $250.0M | 2.73% |
| 7 | Citigroup Inc. | C-PR | 2,456,580 | $249.3M | 2.73% |
| 8 | Morgan Stanley | MS-PQ | 1,562,592 | $248.4M | 2.72% |
| 9 | General Dynamics Corp. | GD | 721,016 | $245.9M | 2.69% |
| 10 | RTX Corp | RTX | 1,399,880 | $234.2M | 2.56% |
| 11 | Johnson & Johnson | JNJ | 1,195,361 | $221.6M | 2.42% |
| 12 | Exxon Mobil Corp. | XOM | 1,912,111 | $215.6M | 2.36% |
| 13 | Truist Financial Corp | 89832Q109 | 4,591,783 | $209.9M | 2.30% |
| 14 | Vici Properties Inc. | 925652109 | 6,327,308 | $206.3M | 2.26% |
| 15 | Johnson Controls International | G51502105 | 1,849,329 | $203.3M | 2.22% |
| 16 | Broadcom Ltd. | AVGO | 599,849 | $197.9M | 2.16% |
| 17 | Merck & Co. Inc. | MRK | 2,343,452 | $196.7M | 2.15% |
| 18 | Healthpeak Properties Inc | DOC | 10,232,875 | $196.0M | 2.14% |
| 19 | Philip Morris International In | 718172109 | 1,198,931 | $194.5M | 2.13% |
| 20 | Chubb Ltd. | CB | 685,887 | $193.6M | 2.12% |
| 21 | Genuine Parts Co. | GPC | 1,358,998 | $188.4M | 2.06% |
| 22 | NextEra Energy Inc. | NEE-PW | 2,495,106 | $188.4M | 2.06% |
| 23 | ConocoPhillips | COP | 1,957,016 | $185.1M | 2.03% |
| 24 | Comcast Corp. (Cl A) | CCZ | 5,343,823 | $167.9M | 1.84% |
| 25 | AT&T Inc. | T-PC | 5,820,629 | $164.4M | 1.80% |
| 26 | Altria Group Inc. | MO | 2,480,772 | $163.9M | 1.79% |
| 27 | Lowe's Companies Inc. | 548661107 | 622,033 | $156.3M | 1.71% |
| 28 | BCE Inc. | BCPPF | 6,389,865 | $149.5M | 1.64% |
| 29 | Unilever PLC (ADR) | UNLYF | 2,492,750 | $147.8M | 1.62% |
| 30 | The Travelers Companies Inc. | TRV | 508,253 | $141.9M | 1.55% |
| 31 | Chevron Corp. | CVX | 893,771 | $138.8M | 1.52% |
| 32 | Becton Dickinson & Co. | BDX | 716,260 | $134.1M | 1.47% |
| 33 | Diageo PLC (ADR) | DGEAF | 1,309,258 | $124.9M | 1.37% |
| 34 | United Parcel Service Inc. | UPS | 1,395,278 | $116.5M | 1.27% |
| 35 | Qualcomm Inc. | QCOM | 665,454 | $110.7M | 1.21% |
| 36 | Crown Castle Inc. | CCI | 1,131,750 | $109.2M | 1.19% |
| 37 | Microsoft Corp. | MSFT | 210,562 | $109.1M | 1.19% |
| 38 | Omnicom Group Inc. | OMC | 1,184,141 | $96.5M | 1.06% |
| 39 | Target Corp. | TGT | 1,055,509 | $94.7M | 1.04% |
| 40 | Dow Inc | DOW | 3,758,224 | $86.2M | 0.94% |
| 41 | UnitedHealth Group Inc. | UNH | 236,676 | $81.7M | 0.89% |
| 42 | British American Tobacco PLC (ADR) | 110448107 | 1,334,800 | $70.9M | 0.78% |
| 43 | Taiwan Semiconductor Manufacturing (ADR) | 874039100 | 251,074 | $70.1M | 0.77% |
| 44 | PPL Corp. | PPLC | 1,821,722 | $67.7M | 0.74% |
| 45 | Verizon Communications Inc. | VZ | 1,538,023 | $67.6M | 0.74% |
| 46 | EOG Resources Inc. | EOG | 576,939 | $64.7M | 0.71% |
| 47 | ASE Technology Holding Company (ADR) | ASX | 5,618,822 | $62.3M | 0.68% |
| 48 | Bristol-Myers Squibb Co. | CELG-RI | 1,340,847 | $60.5M | 0.66% |
| 49 | Pfizer Inc. | PFE | 2,258,687 | $57.6M | 0.63% |
| 50 | Sysco Corp. | SYY | 685,779 | $56.5M | 0.62% |
| 51 | PACCAR Inc. | PCAR | 558,423 | $54.9M | 0.60% |
| 52 | National Grid PLC (ADR) | NMPWP | 731,561 | $53.2M | 0.58% |
| 53 | ICICI Bank Ltd. (ADR) | IBN | 1,729,815 | $52.3M | 0.57% |
| 54 | Enbridge Inc. | ENNPF | 1,030,108 | $52.0M | 0.57% |
| 55 | Smurfit Westrock PLC | SW | 1,153,374 | $49.1M | 0.54% |
| 56 | International Business Machine | INTR | 171,000 | $48.2M | 0.53% |
| 57 | Coca Cola Euro Pacific Partner | CCEP | 520,359 | $47.0M | 0.51% |
| 58 | PPG Industries Inc. | 693506107 | 405,491 | $42.6M | 0.47% |
| 59 | The PNC Financial Services Gro | 693475105 | 201,403 | $40.5M | 0.44% |
| 60 | Kenvue Inc | KVUE | 2,410,641 | $39.1M | 0.43% |
| 61 | Keurig Dr Pepper Inc | KDP | 1,526,172 | $38.9M | 0.43% |
| 62 | Coca-Cola Femsa SAB de CV (ADR) | COCSF | 458,255 | $38.1M | 0.42% |
| 63 | Toyota Motor Corp. (ADR) | TOYOF | 197,114 | $37.7M | 0.41% |
| 64 | Norfolk Southern Corp. | 655844108 | 121,351 | $36.5M | 0.40% |
| 65 | Shell PLC (ADR) | RYDAF | 489,631 | $35.0M | 0.38% |
| 66 | Millicom Intl Cellular | L6388F110 | 643,031 | $31.2M | 0.34% |
| 67 | Copa Holdings SA | CPA | 209,401 | $24.9M | 0.27% |
| 68 | Petroleo Brasileiro SA (ADR) | 71654V408 | 1,576,277 | $20.0M | 0.22% |
| 69 | Rio Tinto PLC (ADR) | RTNTF | 289,761 | $19.1M | 0.21% |
| 70 | Sanofi (ADR) | SNYNF | 384,482 | $18.1M | 0.20% |
| 71 | iShares MSCI South Korea ETF | 464286772 | 222,743 | $17.8M | 0.20% |
| 72 | iShares MSCI EAFE Value ETF | 464288877 | 231,632 | $15.7M | 0.17% |
| 73 | Laureate Education Inc. | LAUR | 407,979 | $12.9M | 0.14% |
| 74 | iShares MSCI Emerging Markets | 464287234 | 229,518 | $12.3M | 0.13% |
| 75 | TotalEnergies SE (ADR) | TTE | 190,515 | $11.4M | 0.12% |
| 76 | iShares MSCI Taiwan ETF | 46434G772 | 156,138 | $9.9M | 0.11% |
| 77 | KB Financial Group Inc. (ADR) | 48241A105 | 112,029 | $9.3M | 0.10% |
| 78 | Alibaba Group Holding Ltd. (ADR) | BBAAY | 45,664 | $8.2M | 0.09% |
| 79 | iShares MSCI ACWI ex US ETF | 464288240 | 119,661 | $7.8M | 0.09% |
| 80 | Oracle Corp. | ORCL-PD | 21,564 | $6.1M | 0.07% |
| 81 | iShares MSCI Brazil ETF | 464286400 | 192,956 | $6.0M | 0.07% |
| 82 | American Express Co. | AXP | 17,169 | $5.7M | 0.06% |
| 83 | Itau Unibanco Holding SA (ADR) | 465562106 | 669,412 | $4.9M | 0.05% |
| 84 | Eaton Corp. PLC | ETN | 12,824 | $4.8M | 0.05% |
| 85 | Applied Materials Inc. | 038222105 | 22,193 | $4.5M | 0.05% |
| 86 | Walmart Inc. | WMT | 43,662 | $4.5M | 0.05% |
| 87 | The Walt Disney Co. | 254687106 | 38,973 | $4.5M | 0.05% |
| 88 | WisdomTree India Earnings Fund | WT | 92,145 | $4.1M | 0.04% |
| 89 | The Cigna Group | 125523100 | 14,025 | $4.0M | 0.04% |
| 90 | BorgWarner Inc. | BWA | 89,667 | $3.9M | 0.04% |
| 91 | Honeywell International Inc. | 438516106 | 18,068 | $3.8M | 0.04% |
| 92 | The Allstate Corp. | ALL-PJ | 17,585 | $3.8M | 0.04% |
| 93 | Mondelez International Inc. | 609207105 | 58,386 | $3.6M | 0.04% |
| 94 | Axalta Coating Systems Ltd. | AXTA | 100,422 | $2.9M | 0.03% |
| 95 | Energy Transfer LP | ET-PI | 156,835 | $2.7M | 0.03% |
| 96 | Arrow Electronics Inc. | 042735100 | 22,029 | $2.7M | 0.03% |
| 97 | Packaging Corp. of America | 695156109 | 12,215 | $2.7M | 0.03% |
| 98 | Enterprise Products Partners L | 293792107 | 84,905 | $2.7M | 0.03% |
| 99 | Sempra | SREA | 29,141 | $2.6M | 0.03% |
| 100 | Alphabet Inc. | GOOG | 10,601 | $2.6M | 0.03% |
| 101 | Raymond James Financial Inc. | 754730109 | 13,392 | $2.3M | 0.03% |
| 102 | Union Pacific Corp. | UNP | 9,089 | $2.1M | 0.02% |
| 103 | McDonald's Corp. | MCD | 6,906 | $2.1M | 0.02% |
| 104 | The JM Smucker Co. | 832696405 | 19,062 | $2.1M | 0.02% |
| 105 | iShares MSCI China ETF | 46429B671 | 31,256 | $2.1M | 0.02% |
| 106 | iShares MSCI India ETF | 46429B598 | 38,665 | $2.0M | 0.02% |
| 107 | General Electric Co. | 369604301 | 6,451 | $1.9M | 0.02% |
| 108 | Communication Services Select | 81369Y852 | 16,119 | $1.9M | 0.02% |
| 109 | DuPont De Nemours Inc. | DD | 23,553 | $1.8M | 0.02% |
| 110 | iShares MSCI Malaysia ETF | 46434G814 | 68,275 | $1.8M | 0.02% |
| 111 | Simon Property Group Inc. | 828806109 | 9,398 | $1.8M | 0.02% |
| 112 | BOEING CO/THE | BA-PA | 7,852 | $1.7M | 0.02% |
| 113 | CSX Corp. | CSX | 46,589 | $1.7M | 0.02% |
| 114 | Canadian National Railway Co. | 136375102 | 17,293 | $1.6M | 0.02% |
| 115 | LendingTree Inc. | TREE | 24,802 | $1.6M | 0.02% |
| 116 | Fidelity National Information | 31620M106 | 23,068 | $1.5M | 0.02% |
| 117 | The Procter & Gamble Co. | 742718109 | 9,269 | $1.4M | 0.02% |
| 118 | Archer-Daniels-Midland Co. | ADM | 22,592 | $1.3M | 0.01% |
| 119 | First Horizon Corp. | FHN-PH | 57,996 | $1.3M | 0.01% |
| 120 | Apple Inc. | AAPL | 4,940 | $1.3M | 0.01% |
| 121 | Douglas Elliman Inc. | DOUG | 438,860 | $1.3M | 0.01% |
| 122 | Conagra Brands Inc. | CAG | 67,022 | $1.2M | 0.01% |
| 123 | Health Care Select Sector SPDR | 81369Y209 | 8,610 | $1.2M | 0.01% |
| 124 | Micron Technology Inc. | MU | 6,984 | $1.2M | 0.01% |
| 125 | PepsiCo Inc. | PEP | 8,118 | $1.1M | 0.01% |
| 126 | Industrial Select Sector SPDR | 81369Y704 | 7,385 | $1.1M | 0.01% |
| 127 | 3M Co. | MMM | 7,315 | $1.1M | 0.01% |
| 128 | LoanDepot Inc. | LDI | 364,912 | $1.1M | 0.01% |
| 129 | Adobe Systems Inc. | ADBE | 3,047 | $1.1M | 0.01% |
| 130 | Essential Utilites Inc. | 29670G102 | 26,704 | $1.1M | 0.01% |
| 131 | SPDR Bloomberg 1-3 Month T-Bil | 78468R663 | 11,332 | $1.0M | 0.01% |
| 132 | Ameris Bancorp | ABCB | 13,615 | $998,116 | 0.01% |
| 133 | GE Vernova LLC | GEV | 1,600 | $983,840 | 0.01% |
| 134 | Cousins Properties Inc. | 222795502 | 32,647 | $944,804 | 0.01% |
| 135 | Marriot Vacations Worldwide Co | VAC | 14,094 | $938,097 | 0.01% |
| 136 | WP Carey Inc. | 92936U109 | 13,847 | $935,642 | 0.01% |
| 137 | iShares Russell 2000 ETF | 464287655 | 3,830 | $926,707 | 0.01% |
| 138 | KT Corp. (ADR) | KT | 46,286 | $902,577 | 0.01% |
| 139 | Great Lakes Dredge & Dock Corp | GLDD | 74,678 | $895,389 | 0.01% |
| 140 | American Water Works Company I | 030420103 | 6,291 | $875,644 | 0.01% |
| 141 | Kimberly-Clark Corp. | KMB | 6,870 | $854,353 | 0.01% |
| 142 | Companhia de Saneamento Basico (ADR) | SBS | 30,986 | $771,242 | 0.01% |
| 143 | Core & Main Inc | CNM | 14,023 | $754,858 | 0.01% |
| 144 | Xylem Inc. | XYL | 5,101 | $752,398 | 0.01% |
| 145 | Public Service Enterprise Grou | 744573106 | 8,999 | $751,057 | 0.01% |
| 146 | Tetra Tech Inc. | TTEK | 22,441 | $749,081 | 0.01% |
| 147 | Veralto Corp. | VLTO | 6,804 | $725,374 | 0.01% |
| 148 | Sensata Technologies Holding P | ST | 23,712 | $724,402 | 0.01% |
| 149 | Latham Group Inc. | SWIM | 94,429 | $718,605 | 0.01% |
| 150 | WesBanco Inc. | WSBCO | 22,406 | $715,424 | 0.01% |
| 151 | The Coca-Cola Co. | KO | 10,429 | $691,651 | 0.01% |
| 152 | SouthState Bank Corp. | 84472E102 | 6,852 | $677,505 | 0.01% |
| 153 | Pentair PLC | PNR | 5,973 | $661,569 | 0.01% |
| 154 | Masterbrand Inc. | MBC | 49,523 | $652,218 | 0.01% |
| 155 | Portland General Electric Co. | 736508847 | 14,667 | $645,348 | 0.01% |
| 156 | M/I Homes Inc. | MHO | 4,299 | $620,948 | 0.01% |
| 157 | First Interstate Bancsystem In | 32055Y201 | 18,714 | $596,415 | 0.01% |
| 158 | American States Water Co. | 029899101 | 8,074 | $591,986 | 0.01% |
| 159 | Consumer Staples Select Sector | 81369Y308 | 7,541 | $590,988 | 0.01% |
| 160 | Select Water Solutions Inc. | WTTR | 54,156 | $578,928 | 0.01% |
| 161 | H2O America | HTO | 11,790 | $574,173 | 0.01% |
| 162 | California Water Service Group | 130788102 | 12,487 | $573,028 | 0.01% |
| 163 | Coterra Energy Inc. | CTRA | 24,104 | $570,060 | 0.01% |
| 164 | Highwoods Properties Inc. | 431284108 | 17,779 | $565,728 | 0.01% |
| 165 | Simons First National Corp. | 828730200 | 28,226 | $541,092 | 0.01% |
| 166 | Viper Energy Inc | VNOM | 13,382 | $511,460 | 0.01% |
| 167 | Advanced Drainage Systems Inc. | 00790R104 | 3,613 | $501,123 | 0.01% |
| 168 | Avient Corp. | AVNT | 14,930 | $491,944 | 0.01% |
| 169 | CVS Health Corp. | CVS | 6,455 | $486,642 | 0.01% |
| 170 | Linde PLC | LIN | 976 | $463,600 | 0.01% |
| 171 | Granite Real Estate Investment | 387437205 | 8,190 | $455,078 | 0.00% |
| 172 | Valmont Industries Inc. | 920253101 | 1,168 | $452,869 | 0.00% |
| 173 | Korn Ferry | KFY | 6,162 | $431,217 | 0.00% |
| 174 | Global Water Resources Inc. | 379463102 | 40,326 | $415,358 | 0.00% |
| 175 | Caterpillar Inc. | CAT | 869 | $414,643 | 0.00% |
| 176 | Consolidated Water Company Ltd | CWCO | 11,577 | $408,437 | 0.00% |
| 177 | Quaker Chemical Corp. | 747316107 | 3,006 | $396,041 | 0.00% |
| 178 | Enterprise Financial Services | 293712105 | 6,681 | $387,364 | 0.00% |
| 179 | iShares S&P Latin America 40 E | 464287390 | 13,198 | $381,290 | 0.00% |
| 180 | Kaspi.kz JSC | 48581R205 | 4,641 | $379,077 | 0.00% |
| 181 | Materials Select Sector SPDR F | 81369Y100 | 4,167 | $373,447 | 0.00% |
| 182 | Masco Corp. | MAS | 5,277 | $371,448 | 0.00% |
| 183 | Malibu Boats Inc. | MBUU | 11,281 | $366,068 | 0.00% |
| 184 | Canadian Pacific Kansas City L | CP | 4,904 | $365,299 | 0.00% |
| 185 | Consumer Discretionary Select | 81369Y407 | 1,493 | $357,783 | 0.00% |
| 186 | PennyMac Financial Services In | 70932M107 | 2,886 | $357,518 | 0.00% |
| 187 | Weyerhaeuser Co. | WY | 14,397 | $356,902 | 0.00% |
| 188 | Dominion Energy Inc. | D | 5,800 | $354,786 | 0.00% |
| 189 | Prologis Inc. | PLDGP | 2,920 | $334,398 | 0.00% |
| 190 | iShares Russell 1000 Value ETF | 464287598 | 1,616 | $329,001 | 0.00% |
| 191 | Newmark Group Inc. | NMRK | 17,208 | $320,929 | 0.00% |
| 192 | The York Water Co. | 987184108 | 10,475 | $318,650 | 0.00% |
| 193 | Stantec Inc. | STN | 2,903 | $312,943 | 0.00% |
| 194 | Real Estate Select Sector SPDR | 81369Y860 | 7,308 | $307,886 | 0.00% |
| 195 | Vanguard FTSE Emerging Markets | 922042858 | 5,575 | $302,054 | 0.00% |
| 196 | AbbVie Inc. | ABBV | 1,247 | $288,730 | 0.00% |
| 197 | A.O. Smith Corp. | AOS | 3,873 | $284,317 | 0.00% |
| 198 | Civitas Resources Inc. | 17888H103 | 8,599 | $279,468 | 0.00% |
| 199 | Helmerich & Payne Inc. | HP | 11,846 | $261,678 | 0.00% |
| 200 | Artesian Resources Corp. | ARTNB | 7,887 | $257,077 | 0.00% |
| 201 | Middlesex Water Co. | 596680108 | 4,695 | $254,093 | 0.00% |
| 202 | PotlatchDeltic Corp | 737630103 | 5,926 | $241,485 | 0.00% |
| 203 | Blackstone Inc | BX | 1,402 | $239,532 | 0.00% |
| 204 | Lindsay Corp. | LNN | 1,704 | $239,514 | 0.00% |
| 205 | Ecolab Inc. | ECL | 872 | $238,806 | 0.00% |
| 206 | Royal Bank of Canada | 780087102 | 1,505 | $221,717 | 0.00% |
| 207 | Rayonier Inc. | RYN | 8,262 | $219,273 | 0.00% |
| 208 | Essential Properties Realty Tr | 29670E107 | 7,120 | $211,891 | 0.00% |
| 209 | Agree Realty Corp. | 008492100 | 2,950 | $209,568 | 0.00% |
| 210 | Public Storage | PSA-PS | 721 | $208,261 | 0.00% |
| 211 | SPDR S&P500 ETF Trust | SPY | 309 | $205,850 | 0.00% |
| 212 | Northrop Grumman Corp. | NOC | 334 | $203,513 | 0.00% |
| 213 | Suzano SA (ADR) | SUZ | 19,595 | $184,193 | 0.00% |
| 214 | Varex Imaging Corp. | VREX | 11,692 | $144,981 | 0.00% |
| 215 | Huntsman Corp. | HUN | 13,546 | $121,643 | 0.00% |
| 216 | Under Armour Inc. (class C) | UA | 24,403 | $117,866 | 0.00% |
| 217 | Hudson Pacific Properties, Inc | 444097109 | 12,000 | $33,120 | 0.00% |