Cullen Capital Management, LLC Q2 2025 Filing

Filed September 30, 2025

Portfolio Value

$8.8T

Holdings

198

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (198 positions)

#StockSharesValue% PortfolioType
101
INDAiShares MSCI India ETF
56,875$3.2B0.04%
102
AXTAAxalta Coating Systems Ltd.
102,987$3.1B0.03%
103
ARWArrow Electronics Inc.
22,265$2.8B0.03%
104
KSPIKaspi.kz JSC ADR
31,846$2.7B0.03%
105
PKGPackaging Corp. of America
12,254$2.3B0.03%
106
RJFRaymond James Financial Inc.
14,087$2.2B0.02%
107
UNPUnion Pacific Corp.
9,210$2.1B0.02%
108
MCDMcDonald's Corp.
7,001$2.0B0.02%
109
SJMThe JM Smucker Co.
19,892$2.0B0.02%
110
MUMicron Technology Inc.
14,180$1.7B0.02%
111
GEGeneral Electric Co.
6,451$1.7B0.02%
112
BABOEING CO/THE
7,872$1.6B0.02%
113
CNRCanadian National Railway Co.
15,662$1.6B0.02%
114
CSXCSX Corp.
49,064$1.6B0.02%
115
SPGSimon Property Group Inc.
9,896$1.6B0.02%
116
GOOGLAlphabet Inc.
8,598$1.5B0.02%
117
DDDuPont De Nemours Inc.
21,740$1.5B0.02%
118
FT2First Horizon Corp.
70,211$1.5B0.02%
119
PGThe Procter & Gamble Co.
9,269$1.5B0.02%
120
FISFidelity National Information
17,510$1.4B0.02%
121
WBDWarner Brothers Discovery Inc.
109,690$1.3B0.01%
122
GLDDGreat Lakes Dredge & Dock Corp
97,128$1.2B0.01%
123
MMM3M Co.
7,315$1.1B0.01%
124
PEPPepsiCo Inc.
8,118$1.1B0.01%
125
AAPLApple Inc.
4,940$1.0B0.01%
126
ABCBAmeris Bancorp
15,633$1.0B0.01%
127
WTRGEssential Utilites Inc.
26,704$991.8M0.01%
128
ADMArcher-Daniels-Midland Co.
17,492$923.2M0.01%
129
KMBKimberly-Clark Corp.
6,870$886.0M0.01%
130
XLUUtilities Select Sector SPDR F
10,748$877.7M0.01%
131
PSAPublic Storage
2,991$877.6M0.01%
132
AWCAmerican Water Works Company I
6,291$875.1M0.01%
133
T77LendingTree Inc.
23,604$875.0M0.01%
134
GEVGE Vernova LLC
1,600$846.6M0.01%
135
TTEKTetra Tech Inc.
22,441$807.0M0.01%
136
DOUGDouglas Elliman Inc.
346,901$804.8M0.01%
137
WSBCWesBanco Inc.
25,429$804.3M0.01%
138
PEGPublic Service Enterprise Grou
8,999$757.5M0.01%
139
CNMCore & Main Inc
12,494$754.0M0.01%
140
KOThe Coca-Cola Co.
10,429$737.9M0.01%
141
CUZCousins Properties Inc.
24,365$731.7M0.01%
142
STSensata Technologies Holding P
23,792$716.4M0.01%
143
WMSAdvanced Drainage Systems Inc.
6,011$690.4M0.01%
144
VACMarriot Vacations Worldwide Co
9,504$687.2M0.01%
145
VLTOVeralto Corp.
6,804$686.9M0.01%
146
SAJACompanhia de Saneamento Basico (ADR)
30,986$680.8M0.01%
147
XYLXylem Inc.
5,101$659.9M0.01%
148
SSBSouthState Bank Corp.
7,143$657.4M0.01%
149
WPCWP Carey Inc.
10,467$652.9M0.01%
150
CTRACoterra Energy Inc.
24,896$631.9M0.01%
151
GRT-UGranite Real Estate Investment
12,315$622.7M0.01%
152
KFYKorn Ferry
8,480$621.8M0.01%
153
AWRAmerican States Water Co.
8,074$619.0M0.01%
154
PORPortland General Electric Co.
15,230$618.8M0.01%
155
PNRPentair PLC
5,973$613.2M0.01%
156
SWIMLatham Group Inc.
94,429$602.5M0.01%
157
HIWHighwoods Properties Inc.
18,542$576.5M0.01%
158
FIBKFirst Interstate Bancsystem In
19,877$572.9M0.01%
159
CWTCalifornia Water Service Group
12,487$567.9M0.01%
160
SFNCSimons First National Corp.
29,907$567.0M0.01%
161
XLFIConsumer Staples Select Sector
6,792$549.9M0.01%
162
EFSCEnterprise Financial Services
8,513$469.1M0.01%
163
LINLinde PLC
976$458.0M0.01%
164
MHOM/I Homes Inc.
4,081$457.6M0.01%
165
HTOH2O America
8,507$442.1M0.01%
166
NMRKNewmark Group Inc.
36,377$442.0M0.01%
167
WTTRSelect Water Solutions Inc.
50,493$436.3M0.00%
168
XLREReal Estate Select Sector SPDR
10,453$433.0M0.00%
169
PFSIPennyMac Financial Services In
4,185$417.0M0.00%
170
VWOVanguard FTSE Emerging Markets
8,420$416.5M0.00%
171
MBCMasterbrand Inc.
38,004$415.4M0.00%
172
VNOMViper Energy Inc
10,868$414.4M0.00%
173
MBUUMalibu Boats Inc.
12,686$397.6M0.00%
174
CPCanadian Pacific Kansas City L
4,953$392.6M0.00%
175
VMIValmont Industries Inc.
1,168$381.4M0.00%
176
WYWeyerhaeuser Co.
14,397$369.9M0.00%
177
CWCOConsolidated Water Company Ltd
11,577$347.5M0.00%
178
CROXCrocs Inc.
3,369$341.2M0.00%
179
MASMasco Corp.
5,277$339.6M0.00%
180
CATCaterpillar Inc.
869$337.4M0.00%
181
DDominion Energy Inc.
5,936$335.5M0.00%
182
YORWThe York Water Co.
10,475$331.0M0.00%
183
GWRSGlobal Water Resources Inc.
31,573$321.7M0.00%
184
STNStantec Inc.
2,903$315.5M0.00%
185
LDILoanDepot Inc.
243,648$309.4M0.00%
186
PLDPrologis Inc.
2,920$306.9M0.00%
187
XLEEnergy Select Sector SPDR Fund
3,325$282.0M0.00%
188
ARTNAArtesian Resources Corp.
7,887$264.7M0.00%
189
MSEXMiddlesex Water Co.
4,695$254.4M0.00%
190
AOSA.O. Smith Corp.
3,873$254.0M0.00%
191
LNNLindsay Corp.
1,704$245.8M0.00%
192
ECLEcolab Inc.
872$235.0M0.00%
193
XLYConsumer Discretionary Select
1,074$233.4M0.00%
194
ABBVAbbVie Inc.
1,247$231.5M0.00%
195
PCHPotlatchDeltic Corp
5,926$227.4M0.00%
196
SUZSuzano SA (ADR)
19,595$184.4M0.00%
197
UAUnder Armour Inc. (class C)
26,160$169.8M0.00%
198
UISUnisys Corp.
23,999$108.7M0.00%
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