13F HOLDINGS REPORT
Cullen Capital Management, LLC
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001193125-26-049837
Total Value
$9.16B
Positions
225
Other Managers
0
Confidential Omitted
No
Holdings (225)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Cisco Systems Inc. | CSCO | 3,732,436 | $287.5M | 3.14% |
| 2 | Novartis AG (ADR) | NVSEF | 2,080,796 | $286.9M | 3.13% |
| 3 | Bank of America Corp. | 060505104 | 5,170,265 | $284.4M | 3.11% |
| 4 | JP Morgan Chase & Co. | VYLD | 841,839 | $271.3M | 2.96% |
| 5 | Citigroup Inc. | C-PR | 2,302,748 | $268.7M | 2.93% |
| 6 | Morgan Stanley | MS-PQ | 1,504,927 | $267.2M | 2.92% |
| 7 | Merck & Co. Inc. | MRK | 2,291,041 | $241.2M | 2.63% |
| 8 | Johnson & Johnson | JNJ | 1,159,046 | $239.9M | 2.62% |
| 9 | Medtronic PLC | MDT | 2,495,206 | $239.7M | 2.62% |
| 10 | General Dynamics Corp. | GD | 695,181 | $234.0M | 2.56% |
| 11 | Duke Energy Corp. | DUKB | 1,906,717 | $223.5M | 2.44% |
| 12 | RTX Corp | RTX | 1,190,191 | $218.3M | 2.38% |
| 13 | Truist Financial Corp | 89832Q109 | 4,347,033 | $213.9M | 2.34% |
| 14 | Chubb Ltd. | CB | 681,729 | $212.8M | 2.32% |
| 15 | Johnson Controls International | G51502105 | 1,728,794 | $207.0M | 2.26% |
| 16 | Exxon Mobil Corp. | XOM | 1,693,138 | $203.8M | 2.23% |
| 17 | NextEra Energy Inc. | NEE-PW | 2,460,053 | $197.5M | 2.16% |
| 18 | Philip Morris International In | 718172109 | 1,191,567 | $191.1M | 2.09% |
| 19 | Broadcom Ltd. | AVGO | 531,398 | $183.9M | 2.01% |
| 20 | ConocoPhillips | COP | 1,915,053 | $179.3M | 1.96% |
| 21 | Genuine Parts Co. | GPC | 1,336,590 | $164.3M | 1.79% |
| 22 | Vici Properties Inc. | 925652109 | 5,688,540 | $160.0M | 1.75% |
| 23 | Healthpeak Properties Inc | DOC | 9,247,344 | $148.7M | 1.62% |
| 24 | Qualcomm Inc. | QCOM | 863,078 | $147.6M | 1.61% |
| 25 | Lowe's Companies Inc. | 548661107 | 607,775 | $146.6M | 1.60% |
| 26 | The Travelers Companies Inc. | TRV | 497,171 | $144.2M | 1.57% |
| 27 | Unilever PLC (ADR) | UNLYF | 2,186,791 | $143.0M | 1.56% |
| 28 | AT&T Inc. | T-PC | 5,714,515 | $141.9M | 1.55% |
| 29 | BCE Inc. | BCPPF | 5,693,693 | $135.6M | 1.48% |
| 30 | Becton Dickinson & Co. | BDX | 697,777 | $135.4M | 1.48% |
| 31 | Altria Group Inc. | MO | 2,338,076 | $134.8M | 1.47% |
| 32 | Chevron Corp. | CVX | 870,778 | $132.7M | 1.45% |
| 33 | Comcast Corp. (Cl A) | CCZ | 4,159,312 | $124.3M | 1.36% |
| 34 | UnitedHealth Group Inc. | UNH | 332,894 | $109.9M | 1.20% |
| 35 | United Parcel Service Inc. | UPS | 1,081,467 | $107.3M | 1.17% |
| 36 | Microsoft Corp. | MSFT | 202,963 | $98.2M | 1.07% |
| 37 | Crown Castle Inc. | CCI | 1,066,389 | $94.8M | 1.04% |
| 38 | Target Corp. | TGT | 925,442 | $90.5M | 0.99% |
| 39 | ASE Technology Holding Company (ADR) | ASX | 5,607,381 | $90.3M | 0.99% |
| 40 | Omnicom Group Inc. | OMC | 1,080,978 | $87.3M | 0.95% |
| 41 | British American Tobacco PLC (ADR) | 110448107 | 1,334,963 | $75.6M | 0.83% |
| 42 | Taiwan Semiconductor Mfg Ltd (ADR) | 874039100 | 237,805 | $72.3M | 0.79% |
| 43 | Bristol-Myers Squibb Co. | CELG-RI | 1,176,726 | $63.5M | 0.69% |
| 44 | National Grid PLC (ADR) | NMPWP | 761,975 | $58.9M | 0.64% |
| 45 | State Street Communication Ser | 81369Y852 | 490,271 | $57.7M | 0.63% |
| 46 | PACCAR Inc. | PCAR | 525,036 | $57.5M | 0.63% |
| 47 | Diageo PLC (ADR) | DGEAF | 650,211 | $56.1M | 0.61% |
| 48 | The PNC Financial Services Gro | 693475105 | 259,784 | $54.2M | 0.59% |
| 49 | PPL Corp. | PPLC | 1,509,426 | $52.9M | 0.58% |
| 50 | Dow Inc | DOW | 2,257,481 | $52.8M | 0.58% |
| 51 | Pfizer Inc. | PFE | 2,097,331 | $52.2M | 0.57% |
| 52 | ICICI Bank Ltd. (ADR) | IBN | 1,747,387 | $52.1M | 0.57% |
| 53 | Verizon Communications Inc. | VZ | 1,260,646 | $51.3M | 0.56% |
| 54 | Enbridge Inc. | ENNPF | 1,063,905 | $50.9M | 0.56% |
| 55 | Toyota Motor Corp. (ADR) | TOYOF | 236,355 | $50.6M | 0.55% |
| 56 | First Horizon Corp. | FHN-PH | 2,030,457 | $48.5M | 0.53% |
| 57 | EOG Resources Inc. | EOG | 452,854 | $47.6M | 0.52% |
| 58 | International Business Machine | INTR | 154,588 | $45.8M | 0.50% |
| 59 | Sysco Corp. | SYY | 619,282 | $45.6M | 0.50% |
| 60 | Coca Cola Euro Pacific Partner | CCEP | 491,058 | $44.5M | 0.49% |
| 61 | American International Group I | 026874784 | 494,273 | $42.3M | 0.46% |
| 62 | Keurig Dr Pepper Inc | KDP | 1,478,726 | $41.4M | 0.45% |
| 63 | Coca-Cola Femsa SAB de CV (ADR) | COCSF | 423,641 | $40.1M | 0.44% |
| 64 | Rio Tinto PLC (ADR) | RTNTF | 498,868 | $39.9M | 0.44% |
| 65 | PPG Industries Inc. | 693506107 | 386,150 | $39.6M | 0.43% |
| 66 | State Street Industrial Select | 81369Y704 | 237,878 | $36.9M | 0.40% |
| 67 | Millicom Intl Cellular | L6388F110 | 656,608 | $36.4M | 0.40% |
| 68 | Union Pacific Corp. | UNP | 155,665 | $36.0M | 0.39% |
| 69 | State Street Consumer Staples | 81369Y308 | 461,242 | $35.8M | 0.39% |
| 70 | Smurfit Westrock PLC | SW | 924,448 | $35.7M | 0.39% |
| 71 | Shell PLC (ADR) | RYDAF | 480,347 | $35.3M | 0.39% |
| 72 | State Street Real Estate Selec | 81369Y860 | 816,329 | $32.9M | 0.36% |
| 73 | State Street Materials Select | 81369Y100 | 626,265 | $28.4M | 0.31% |
| 74 | Novo Nordisk A/S (ADR) | NONOF | 547,520 | $27.9M | 0.30% |
| 75 | Petroleo Brasileiro SA (ADR) | 71654V408 | 2,271,269 | $26.9M | 0.29% |
| 76 | iShares MSCI South Korea ETF | 464286772 | 269,232 | $26.2M | 0.29% |
| 77 | Copa Holdings SA | CPA | 163,557 | $19.7M | 0.22% |
| 78 | Sanofi (ADR) | SNYNF | 360,777 | $17.5M | 0.19% |
| 79 | iShares MSCI EAFE Value ETF | 464288877 | 217,890 | $15.6M | 0.17% |
| 80 | State Street Health Care Selec | 81369Y209 | 94,269 | $14.6M | 0.16% |
| 81 | TotalEnergies SE | TTE | 199,123 | $13.0M | 0.14% |
| 82 | iShares MSCI ACWI ex US ETF | 464288240 | 186,200 | $12.5M | 0.14% |
| 83 | iShares MSCI Emerging Markets | 464287234 | 187,165 | $10.2M | 0.11% |
| 84 | iShares MSCI Taiwan ETF | 46434G772 | 154,975 | $9.8M | 0.11% |
| 85 | KB Financial Group Inc. (ADR) | 48241A105 | 110,730 | $9.5M | 0.10% |
| 86 | State Street Energy Select Sec | 81369Y506 | 204,009 | $9.1M | 0.10% |
| 87 | iShares Russell 1000 Value ETF | 464287598 | 30,562 | $6.4M | 0.07% |
| 88 | Laureate Education Inc. | LAUR | 186,590 | $6.3M | 0.07% |
| 89 | American Express Co. | AXP | 16,977 | $6.3M | 0.07% |
| 90 | Alibaba Group Holding Ltd. (ADR) | BBAAY | 42,462 | $6.2M | 0.07% |
| 91 | Applied Materials Inc. | 038222105 | 20,110 | $5.2M | 0.06% |
| 92 | Itau Unibanco Holding SA (ADR) | 465562106 | 685,872 | $4.9M | 0.05% |
| 93 | Walmart Inc. | WMT | 42,019 | $4.7M | 0.05% |
| 94 | Eaton Corp. PLC | ETN | 14,304 | $4.6M | 0.05% |
| 95 | The Walt Disney Co. | 254687106 | 37,453 | $4.3M | 0.05% |
| 96 | Oracle Corp. | ORCL-PD | 21,445 | $4.2M | 0.05% |
| 97 | WisdomTree India Earnings Fund | WT | 88,959 | $4.1M | 0.04% |
| 98 | BorgWarner Inc. | BWA | 88,811 | $4.0M | 0.04% |
| 99 | State Street Financial Select | 81369Y605 | 71,693 | $3.9M | 0.04% |
| 100 | The Cigna Group | 125523100 | 13,912 | $3.8M | 0.04% |
| 101 | The Allstate Corp. | ALL-PJ | 17,556 | $3.7M | 0.04% |
| 102 | Honeywell International Inc. | 438516106 | 18,068 | $3.5M | 0.04% |
| 103 | State Street Consumer Discreti | 81369Y407 | 29,126 | $3.5M | 0.04% |
| 104 | Axalta Coating Systems Ltd. | AXTA | 98,191 | $3.2M | 0.03% |
| 105 | Axia Energia ADR | 15234Q207 | 330,217 | $3.0M | 0.03% |
| 106 | Mondelez International Inc. | 609207105 | 56,137 | $3.0M | 0.03% |
| 107 | iShares Select Dividend ETF | 464287168 | 21,130 | $3.0M | 0.03% |
| 108 | Enterprise Products Partners L | 293792107 | 78,203 | $2.5M | 0.03% |
| 109 | Packaging Corp. of America | 695156109 | 12,116 | $2.5M | 0.03% |
| 110 | Arrow Electronics Inc. | 042735100 | 21,848 | $2.4M | 0.03% |
| 111 | Energy Transfer LP | ET-PI | 134,221 | $2.2M | 0.02% |
| 112 | iShares MSCI India ETF | 46429B598 | 40,331 | $2.2M | 0.02% |
| 113 | Sempra | SREA | 24,450 | $2.2M | 0.02% |
| 114 | Raymond James Financial Inc. | 754730109 | 13,284 | $2.1M | 0.02% |
| 115 | McDonald's Corp. | MCD | 6,647 | $2.0M | 0.02% |
| 116 | General Electric Co. | 369604301 | 6,451 | $2.0M | 0.02% |
| 117 | Canadian National Railway Co. | 136375102 | 18,516 | $1.8M | 0.02% |
| 118 | Alphabet Inc. | GOOG | 5,782 | $1.8M | 0.02% |
| 119 | Invesco S&P Global Water Index | IVZ | 27,203 | $1.7M | 0.02% |
| 120 | Simon Property Group Inc. | 828806109 | 9,250 | $1.7M | 0.02% |
| 121 | BOEING CO/THE | BA-PA | 7,836 | $1.7M | 0.02% |
| 122 | CSX Corp. | CSX | 45,854 | $1.7M | 0.02% |
| 123 | Micron Technology Inc. | MU | 5,490 | $1.6M | 0.02% |
| 124 | Adobe Systems Inc. | ADBE | 4,435 | $1.6M | 0.02% |
| 125 | The JM Smucker Co. | 832696405 | 15,304 | $1.5M | 0.02% |
| 126 | Fidelity National Information | 31620M106 | 22,168 | $1.5M | 0.02% |
| 127 | Apple Inc. | AAPL | 4,940 | $1.3M | 0.01% |
| 128 | The Procter & Gamble Co. | 742718109 | 9,131 | $1.3M | 0.01% |
| 129 | LendingTree Inc. | TREE | 24,636 | $1.3M | 0.01% |
| 130 | Archer-Daniels-Midland Co. | ADM | 22,518 | $1.3M | 0.01% |
| 131 | 3M Co. | MMM | 7,319 | $1.2M | 0.01% |
| 132 | PepsiCo Inc. | PEP | 8,074 | $1.2M | 0.01% |
| 133 | Douglas Elliman Inc. | DOUG | 488,258 | $1.2M | 0.01% |
| 134 | GE Vernova LLC | GEV | 1,600 | $1.0M | 0.01% |
| 135 | State Street SPDR Bloomberg 1- | 78468R663 | 11,271 | $1.0M | 0.01% |
| 136 | Sensata Technologies Holding P | ST | 30,125 | $1.0M | 0.01% |
| 137 | Companhia de Saneamento Basico (ADR) | SBS | 41,350 | $986,199 | 0.01% |
| 138 | Great Lakes Dredge & Dock Corp | GLDD | 74,678 | $979,775 | 0.01% |
| 139 | Essential Utilites Inc. | 29670G102 | 25,201 | $966,710 | 0.01% |
| 140 | Qnity Electronics Inc | Q | 11,774 | $961,347 | 0.01% |
| 141 | State Street Utilities Select | 81369Y886 | 21,872 | $933,716 | 0.01% |
| 142 | DuPont De Nemours Inc. | DD | 23,183 | $931,957 | 0.01% |
| 143 | iShares MSCI China ETF | 46429B671 | 15,098 | $906,937 | 0.01% |
| 144 | WP Carey Inc. | 92936U109 | 13,847 | $891,193 | 0.01% |
| 145 | Cousins Properties Inc. | 222795502 | 32,647 | $841,640 | 0.01% |
| 146 | Conagra Brands Inc. | CAG | 47,463 | $821,585 | 0.01% |
| 147 | Avient Corp. | AVNT | 26,039 | $813,458 | 0.01% |
| 148 | Veralto Corp. | VLTO | 7,736 | $771,898 | 0.01% |
| 149 | Xylem Inc. | XYL | 5,651 | $769,553 | 0.01% |
| 150 | M/I Homes Inc. | MHO | 5,955 | $761,942 | 0.01% |
| 151 | Marriot Vacations Worldwide Co | VAC | 13,087 | $754,989 | 0.01% |
| 152 | LoanDepot Inc. | LDI | 363,333 | $752,099 | 0.01% |
| 153 | WesBanco Inc. | WSBCO | 22,406 | $744,775 | 0.01% |
| 154 | The Coca-Cola Co. | KO | 10,429 | $729,091 | 0.01% |
| 155 | Public Service Enterprise Grou | 744573106 | 8,948 | $718,524 | 0.01% |
| 156 | Axia Energia Preferred C (ADR) | 15236F100 | 82,991 | $715,382 | 0.01% |
| 157 | Ameris Bancorp | ABCB | 9,441 | $701,183 | 0.01% |
| 158 | Pentair PLC | PNR | 6,571 | $684,304 | 0.01% |
| 159 | Latham Group Inc. | SWIM | 104,299 | $662,299 | 0.01% |
| 160 | Core & Main Inc | CNM | 12,559 | $652,691 | 0.01% |
| 161 | First Interstate Bancsystem In | 32055Y201 | 18,714 | $647,504 | 0.01% |
| 162 | Quaker Chemical Corp. | 747316107 | 4,634 | $636,295 | 0.01% |
| 163 | SouthState Bank Corp. | 84472E102 | 6,579 | $619,196 | 0.01% |
| 164 | Select Water Solutions Inc. | WTTR | 58,824 | $618,828 | 0.01% |
| 165 | iShares Trust iShares Global | 46434V647 | 23,559 | $587,797 | 0.01% |
| 166 | American Water Works Company I | 030420103 | 4,497 | $586,859 | 0.01% |
| 167 | Advanced Drainage Systems Inc. | 00790R104 | 4,002 | $579,610 | 0.01% |
| 168 | American States Water Co. | 029899101 | 7,943 | $575,709 | 0.01% |
| 169 | Simons First National Corp. | 828730200 | 30,325 | $571,626 | 0.01% |
| 170 | Masterbrand Inc. | MBC | 49,523 | $546,734 | 0.01% |
| 171 | Valmont Industries Inc. | 920253101 | 1,288 | $518,188 | 0.01% |
| 172 | Caterpillar Inc. | CAT | 869 | $497,824 | 0.01% |
| 173 | Portland General Electric Co. | 736508847 | 10,236 | $491,226 | 0.01% |
| 174 | Granite Real Estate Investment | 387437205 | 8,190 | $488,613 | 0.01% |
| 175 | Tetra Tech Inc. | TTEK | 14,433 | $484,083 | 0.01% |
| 176 | VanEck Vectors Pharmaceutical | 92189F692 | 4,620 | $476,645 | 0.01% |
| 177 | iShares Global Timber & Forest | 464288174 | 6,560 | $472,386 | 0.01% |
| 178 | Coterra Energy Inc. | CTRA | 17,899 | $471,102 | 0.01% |
| 179 | Highwoods Properties Inc. | 431284108 | 17,779 | $459,054 | 0.01% |
| 180 | Pool Corp. | POOL | 2,001 | $457,729 | 0.00% |
| 181 | AbbVie Inc. | ABBV | 1,997 | $456,295 | 0.00% |
| 182 | Consolidated Water Company Ltd | CWCO | 12,539 | $442,501 | 0.00% |
| 183 | Linde PLC | LIN | 976 | $416,244 | 0.00% |
| 184 | Kimberly-Clark Corp. | KMB | 4,094 | $413,003 | 0.00% |
| 185 | Viper Energy Inc | VNOM | 9,977 | $385,412 | 0.00% |
| 186 | CVS Health Corp. | CVS | 4,745 | $376,563 | 0.00% |
| 187 | Prologis Inc. | PLDGP | 2,920 | $372,767 | 0.00% |
| 188 | Canadian Pacific Kansas City L | CP | 4,904 | $361,082 | 0.00% |
| 189 | Enterprise Financial Services | 293712105 | 6,681 | $360,774 | 0.00% |
| 190 | H2O America | HTO | 7,342 | $359,685 | 0.00% |
| 191 | The York Water Co. | 987184108 | 10,868 | $346,037 | 0.00% |
| 192 | Weyerhaeuser Co. | WY | 14,397 | $341,065 | 0.00% |
| 193 | Helmerich & Payne Inc. | HP | 11,846 | $339,743 | 0.00% |
| 194 | Dominion Energy Inc. | D | 5,600 | $328,104 | 0.00% |
| 195 | A.O. Smith Corp. | AOS | 4,875 | $326,040 | 0.00% |
| 196 | Malibu Boats Inc. | MBUU | 11,281 | $318,237 | 0.00% |
| 197 | Stantec Inc. | STN | 3,292 | $310,633 | 0.00% |
| 198 | California Water Service Group | 130788102 | 7,125 | $308,726 | 0.00% |
| 199 | State Street Technology Select | 81369Y803 | 2,134 | $307,232 | 0.00% |
| 200 | Vanguard FTSE Emerging Markets | 922042858 | 5,575 | $299,712 | 0.00% |
| 201 | Newmark Group Inc. | NMRK | 17,208 | $298,387 | 0.00% |
| 202 | The Magnum Ice Cream Company N | MICC | 18,727 | $296,823 | 0.00% |
| 203 | Artesian Resources Corp. | ARTNB | 8,165 | $258,096 | 0.00% |
| 204 | Royal Bank of Canada | 780087102 | 1,505 | $256,587 | 0.00% |
| 205 | John B. Sanfilippo & Son Inc. | JBSS | 3,624 | $255,854 | 0.00% |
| 206 | PennyMac Financial Services In | 70932M107 | 1,937 | $255,374 | 0.00% |
| 207 | Middlesex Water Co. | 596680108 | 5,053 | $254,772 | 0.00% |
| 208 | Ecolab Inc. | ECL | 956 | $250,969 | 0.00% |
| 209 | Varex Imaging Corp. | VREX | 21,467 | $250,091 | 0.00% |
| 210 | PotlatchDeltic Corp | 737630103 | 5,926 | $235,736 | 0.00% |
| 211 | Masco Corp. | MAS | 3,547 | $225,093 | 0.00% |
| 212 | Solstice Advanced Materials In | 83443Q103 | 4,516 | $219,387 | 0.00% |
| 213 | KT Corp. (ADR) | KT | 11,530 | $218,724 | 0.00% |
| 214 | Blackstone Inc | BX | 1,402 | $216,104 | 0.00% |
| 215 | Norfolk Southern Corp. | 655844108 | 747 | $215,674 | 0.00% |
| 216 | Civitas Resources Inc. | 17888H103 | 7,956 | $215,528 | 0.00% |
| 217 | Agree Realty Corp. | 008492100 | 2,950 | $212,489 | 0.00% |
| 218 | Carter's Inc. | CRI | 6,514 | $211,249 | 0.00% |
| 219 | Essential Properties Realty Tr | 29670E107 | 7,120 | $211,179 | 0.00% |
| 220 | SPDR S&P500 ETF Trust | SPY | 309 | $210,713 | 0.00% |
| 221 | Global Water Resources Inc. | 379463102 | 24,218 | $204,642 | 0.00% |
| 222 | Lindsay Corp. | LNN | 1,720 | $202,736 | 0.00% |
| 223 | Huntsman Corp. | HUN | 20,231 | $202,310 | 0.00% |
| 224 | Kenvue Inc | KVUE | 10,213 | $176,174 | 0.00% |
| 225 | Under Armour Inc. (class C) | UA | 24,403 | $117,134 | 0.00% |