Cullen Capital Management, LLC Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$9.2B

Holdings

225

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (225 positions)

#StockSharesValue% PortfolioType
1
CSCOCisco Systems Inc.
3,732,436$287.5B3140.00%
2
NVSNNovartis AG (ADR)
2,080,796$286.9B3133.12%
3
BACBank of America Corp.
5,170,265$284.4B3105.65%
4
JPMJP Morgan Chase & Co.
841,839$271.3B2962.51%
5
TRVCCitigroup Inc.
2,302,748$268.7B2934.66%
6
DWDMorgan Stanley
1,504,927$267.2B2917.86%
7
MRKMerck & Co. Inc.
2,291,041$241.2B2633.74%
8
JNJJohnson & Johnson
1,159,046$239.9B2619.65%
9
MDTMedtronic PLC
2,495,206$239.7B2617.74%
10
GDGeneral Dynamics Corp.
695,181$234.0B2556.03%
11
DUKDuke Energy Corp.
1,906,717$223.5B2440.78%
12
RTXRTX Corp
1,190,191$218.3B2383.93%
13
TFCTruist Financial Corp
4,347,033$213.9B2336.27%
14
CBChubb Ltd.
681,729$212.8B2323.87%
15
JCIJohnson Controls International
1,728,794$207.0B2260.98%
16
XOMExxon Mobil Corp.
1,693,138$203.8B2225.26%
17
NEENextEra Energy Inc.
2,460,053$197.5B2156.90%
18
4I1Philip Morris International In
1,191,567$191.1B2087.38%
19
AVGOBroadcom Ltd.
531,398$183.9B2008.62%
20
COPConocoPhillips
1,915,053$179.3B1957.86%
21
GPCGenuine Parts Co.
1,336,590$164.3B1794.90%
22
VICIVici Properties Inc.
5,688,540$160.0B1747.00%
23
DOCHealthpeak Properties Inc
9,247,344$148.7B1623.98%
24
QCOMQualcomm Inc.
863,078$147.6B1612.32%
25
LOWLowe's Companies Inc.
607,775$146.6B1600.75%
26
TRVThe Travelers Companies Inc.
497,171$144.2B1574.96%
27
ULUnilever PLC (ADR)
2,186,791$143.0B1561.94%
28
TAT&T Inc.
5,714,515$141.9B1550.27%
29
BCEBCE Inc.
5,693,693$135.6B1481.19%
30
BDXBecton Dickinson & Co.
697,777$135.4B1478.94%
31
MOAltria Group Inc.
2,338,076$134.8B1472.35%
32
CVXChevron Corp.
870,778$132.7B1449.43%
33
CMCSAComcast Corp. (Cl A)
4,159,312$124.3B1357.76%
34
UNHUnitedHealth Group Inc.
332,894$109.9B1200.16%
35
UPSUnited Parcel Service Inc.
1,081,467$107.3B1171.54%
36
MSFTMicrosoft Corp.
202,963$98.2B1072.00%
37
8CWCrown Castle Inc.
1,066,389$94.8B1035.01%
38
DYHTarget Corp.
925,442$90.5B987.96%
39
ASXASE Technology Holding Company (ADR)
5,607,381$90.3B985.96%
40
OMCOmnicom Group Inc.
1,080,978$87.3B953.31%
41
BMTABritish American Tobacco PLC (ADR)
1,334,963$75.6B825.49%
42
TSMTaiwan Semiconductor Mfg Ltd (ADR)
237,805$72.3B789.25%
43
BMYBristol-Myers Squibb Co.
1,176,726$63.5B693.20%
44
NGGNational Grid PLC (ADR)
761,975$58.9B643.69%
45
XLCState Street Communication Ser
490,271$57.7B630.32%
46
PCARPACCAR Inc.
525,036$57.5B627.94%
47
DEODiageo PLC (ADR)
650,211$56.1B612.61%
48
PNCThe PNC Financial Services Gro
259,784$54.2B592.20%
49
PPLPPL Corp.
1,509,426$52.9B577.31%
50
DOWDow Inc
2,257,481$52.8B576.42%
51
PFEPfizer Inc.
2,097,331$52.2B570.35%
52
IBNICICI Bank Ltd. (ADR)
1,747,387$52.1B568.70%
53
BACVerizon Communications Inc.
1,260,646$51.3B560.77%
54
ENBEnbridge Inc.
1,063,905$50.9B555.75%
55
TMToyota Motor Corp. (ADR)
236,355$50.6B552.56%
56
FT2First Horizon Corp.
2,030,457$48.5B529.98%
57
EOGEOG Resources Inc.
452,854$47.6B519.36%
58
IBMInternational Business Machine
154,588$45.8B500.09%
59
SYYSysco Corp.
619,282$45.6B498.39%
60
CCEPCoca Cola Euro Pacific Partner
491,058$44.5B486.42%
61
AIGAmerican International Group I
494,273$42.3B461.81%
62
KDPKeurig Dr Pepper Inc
1,478,726$41.4B452.35%
63
KOFCoca-Cola Femsa SAB de CV (ADR)
423,641$40.1B438.20%
64
RIORio Tinto PLC (ADR)
498,868$39.9B436.03%
65
PPGPPG Industries Inc.
386,150$39.6B432.09%
66
XLIState Street Industrial Select
237,878$36.9B402.99%
67
TIGOMillicom Intl Cellular
656,608$36.4B397.56%
68
UNPUnion Pacific Corp.
155,665$36.0B393.26%
69
XLFIState Street Consumer Staples
461,242$35.8B391.30%
70
SWSmurfit Westrock PLC
924,448$35.7B390.42%
71
SHELShell PLC (ADR)
480,347$35.3B385.47%
72
XLREState Street Real Estate Selec
816,329$32.9B359.73%
73
XLBState Street Materials Select
626,265$28.4B310.18%
74
NVONovo Nordisk A/S (ADR)
547,520$27.9B304.24%
75
PBRPetroleo Brasileiro SA (ADR)
2,271,269$26.9B293.94%
76
EWYiShares MSCI South Korea ETF
269,232$26.2B285.86%
77
CPACopa Holdings SA
163,557$19.7B215.44%
78
SNYSanofi (ADR)
360,777$17.5B190.94%
79
EFViShares MSCI EAFE Value ETF
217,890$15.6B169.93%
80
XLVState Street Health Care Selec
94,269$14.6B159.37%
81
TTETotalEnergies SE
199,123$13.0B142.26%
82
ACWXiShares MSCI ACWI ex US ETF
186,200$12.5B136.51%
83
EEMiShares MSCI Emerging Markets
187,165$10.2B111.82%
84
EWTiShares MSCI Taiwan ETF
154,975$9.8B107.52%
85
KBIAKB Financial Group Inc. (ADR)
110,730$9.5B104.05%
86
XLEState Street Energy Select Sec
204,009$9.1B99.61%
87
IWDiShares Russell 1000 Value ETF
30,562$6.4B70.20%
88
LAURLaureate Education Inc.
186,590$6.3B68.61%
89
AXPAmerican Express Co.
16,977$6.3B68.59%
90
BABAAlibaba Group Holding Ltd. (ADR)
42,462$6.2B67.97%
91
AMATApplied Materials Inc.
20,110$5.2B56.44%
92
ITUBItau Unibanco Holding SA (ADR)
685,872$4.9B53.62%
93
WMTWalmart Inc.
42,019$4.7B51.12%
94
ETNEaton Corp. PLC
14,304$4.6B49.75%
95
DISThe Walt Disney Co.
37,453$4.3B46.54%
96
ORCLOracle Corp.
21,445$4.2B45.64%
97
EPIWisdomTree India Earnings Fund
88,959$4.1B44.96%
98
BWABorgWarner Inc.
88,811$4.0B43.70%
99
XLFState Street Financial Select
71,693$3.9B42.88%
100
CIThe Cigna Group
13,912$3.8B41.82%
Page 1 of 3Next