Cullen Capital Management, LLC Q1 2025 Filing

Filed May 15, 2025

Portfolio Value

$8.7B

Holdings

205

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (205 positions)

#StockSharesValue% PortfolioType
1
JPMJP Morgan Chase & Co.
1,067,210$261.8B3024.01%
2
RTXRTX Corp
1,948,742$258.1B2981.78%
3
DUKDuke Energy Corp.
2,115,647$258.0B2980.80%
4
CSCOCisco Systems Inc.
4,180,770$258.0B2980.22%
5
MDTMedtronic PLC
2,720,879$244.5B2824.31%
6
CVXChevron Corp.
1,426,319$238.6B2756.28%
7
NVSNNovartis AG (ADR)
2,108,684$235.1B2715.47%
8
XOMExxon Mobil Corp.
1,938,646$230.6B2663.34%
9
BACBank of America Corp.
5,500,100$229.5B2651.28%
10
JCIJohnson Controls International
2,830,929$226.8B2619.70%
11
KVUEKenvue Inc
9,050,279$217.0B2506.96%
12
CBChubb Ltd.
699,376$211.2B2439.72%
13
VICIVici Properties Inc.
6,460,347$210.7B2434.31%
14
4I1Philip Morris International In
1,292,508$205.2B2369.89%
15
GDGeneral Dynamics Corp.
752,071$205.0B2368.04%
16
JNJJohnson & Johnson
1,234,886$204.8B2365.66%
17
DOCHealthpeak Properties Inc
10,095,597$204.1B2358.03%
18
MRKMerck & Co. Inc.
2,236,676$200.8B2319.11%
19
TRVCCitigroup Inc.
2,796,368$198.5B2293.12%
20
CMCSAComcast Corp. (Cl A)
5,346,670$197.3B2279.01%
21
DWDMorgan Stanley
1,662,599$194.0B2240.69%
22
TFCTruist Financial Corp
4,481,647$184.4B2130.31%
23
TAT&T Inc.
6,359,222$179.8B2077.40%
24
NEENextEra Energy Inc.
2,526,739$179.1B2069.10%
25
MOAltria Group Inc.
2,882,310$173.0B1998.36%
26
GPCGenuine Parts Co.
1,352,590$161.1B1861.49%
27
DOWDow Inc
4,544,766$158.7B1833.25%
28
ULUnilever PLC (ADR)
2,596,946$154.6B1786.41%
29
AVGOBroadcom Ltd.
849,894$142.3B1643.74%
30
BCEBCE Inc.
6,159,929$141.4B1633.74%
31
TRVThe Travelers Companies Inc.
528,196$139.7B1613.58%
32
UPSUnited Parcel Service Inc.
1,211,014$133.2B1538.65%
33
COPConocoPhillips
1,266,926$133.1B1536.95%
34
LOWLowe's Companies Inc.
544,029$126.9B1465.69%
35
PFEPfizer Inc.
4,723,322$119.7B1382.58%
36
8CWCrown Castle Inc.
1,101,789$114.8B1326.56%
37
DYHTarget Corp.
939,473$98.0B1132.54%
38
MSFTMicrosoft Corp.
224,053$84.1B971.56%
39
OMCOmnicom Group Inc.
1,011,210$83.8B968.47%
40
DEODiageo PLC (ADR)
784,044$82.2B949.07%
41
QCOMQualcomm Inc.
493,511$75.8B875.69%
42
EOGEOG Resources Inc.
550,717$70.6B815.81%
43
BACVerizon Communications Inc.
1,507,977$68.4B790.14%
44
BMYBristol-Myers Squibb Co.
1,118,589$68.2B788.07%
45
PPLPPL Corp.
1,864,500$67.3B777.72%
46
KDPKeurig Dr Pepper Inc
1,797,912$61.5B710.70%
47
RIORio Tinto PLC (ADR)
926,500$55.7B643.00%
48
SYYSysco Corp.
685,214$51.4B593.96%
49
BAXBaxter International Inc.
1,496,127$51.2B591.58%
50
BMTABritish American Tobacco PLC (ADR)
1,199,582$49.6B573.26%
51
CCEPCoca Cola Euro Pacific Partner
563,792$49.1B566.79%
52
KOFCoca-Cola Femsa SAB de CV (ADR)
518,743$47.4B547.03%
53
IBMInternational Business Machine
187,670$46.7B539.06%
54
IBNICICI Bank Ltd. (ADR)
1,383,721$43.6B503.81%
55
MDLZMondelez International Inc.
595,344$40.4B466.61%
56
ASXASE Technology Holding Company (ADR)
4,497,235$39.4B455.08%
57
SWSmurfit Westrock PLC
851,665$38.4B443.30%
58
ENBEnbridge Inc.
826,654$36.6B423.12%
59
PBRPetroleo Brasileiro SA (ADR)
2,506,251$35.9B415.15%
60
PNCThe PNC Financial Services Gro
197,397$34.7B400.79%
61
SHELShell PLC (ADR)
460,039$33.7B389.42%
62
TMToyota Motor Corp. (ADR)
159,055$28.1B324.34%
63
TSMTaiwan Semiconductor Manufactu (ADR)
164,444$27.3B315.33%
64
SNYSanofi (ADR)
401,110$22.2B256.97%
65
LAURLaureate Education Inc.
864,715$17.7B204.27%
66
TTENTotalEnergies SE (ADR)
229,097$14.8B171.20%
67
BABAAlibaba Group Holding Ltd. (ADR)
65,364$8.6B99.84%
68
CPACopa Holdings SA
87,260$8.1B93.20%
69
EPIWisdomTree India Earnings Fund
181,173$7.9B91.48%
70
KSPIKaspi.kz JSC (ADR)
76,826$7.1B82.40%
71
CLVTrip.com Group Ltd. (ADR)
104,366$6.6B76.65%
72
EWTiShares MSCI Taiwan ETF
125,835$6.0B69.02%
73
EWYiShares MSCI South Korea ETF
101,217$5.5B63.18%
74
KBIAKB Financial Group Inc. (ADR)
93,222$5.0B58.27%
75
EWMiShares MSCI Malaysia ETF
208,826$4.8B55.67%
76
AXPAmerican Express Co.
16,664$4.5B51.79%
77
CIThe Cigna Group
13,590$4.5B51.65%
78
ETEnergy Transfer LP
228,496$4.2B49.07%
79
ORCLOracle Corp.
29,799$4.2B48.13%
80
WMTWalmart Inc.
46,922$4.1B47.58%
81
HONHoneywell International Inc.
18,191$3.9B44.49%
82
SRESempra
53,260$3.8B43.90%
83
EPDEnterprise Products Partners L
108,870$3.7B42.93%
84
ALSThe Allstate Corp.
17,774$3.7B42.51%
85
ETNEaton Corp. PLC
13,406$3.6B42.10%
86
KTBAirtel Africa PLC
1,558,688$3.3B38.58%
87
AXTAAxalta Coating Systems Ltd.
99,446$3.3B38.10%
88
DISThe Walt Disney Co.
31,869$3.1B36.33%
89
INDAiShares MSCI India ETF
56,115$2.9B33.37%
90
AMATApplied Materials Inc.
19,635$2.8B32.92%
91
BWABorgWarner Inc.
94,968$2.7B31.43%
92
PKGPackaging Corp. of America
12,245$2.4B28.01%
93
UNPUnion Pacific Corp.
10,035$2.4B27.38%
94
ARWArrow Electronics Inc.
22,158$2.3B26.58%
95
MCDMcDonald's Corp.
7,041$2.2B25.41%
96
SJMThe JM Smucker Co.
17,324$2.1B23.70%
97
BILSPDR Bloomberg 1-3 Month T-Bil
22,359$2.1B23.69%
98
RJFRaymond James Financial Inc.
13,117$1.8B21.05%
99
CNRCanadian National Railway Co.
16,863$1.6B18.98%
100
PGThe Procter & Gamble Co.
9,393$1.6B18.49%
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