Q4 2024 · 13F-HR
Cullen Capital Management, LLCholdings as filed
Filed 2025-02-13 · accession 0000950123-25-001885
$8.59B
Reported value
208
Positions
2024-12-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46625H100 | JPM | JP Morgan Chase & Co. | $309.4M | 3.60% | 1,290,637 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc. | $272.4M | 3.17% | 4,601,673 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp. | $250.0M | 2.91% | 5,687,679 | Common | SOLE |
| 718172109 | PM | Philip Morris International In | $243.6M | 2.84% | 2,023,928 | Common | SOLE |
| G51502105 | JCI | Johnson Controls International | $240.5M | 2.80% | 3,047,456 | Common | SOLE |
| 26441C204 | DUK | Duke Energy Corp. | $230.7M | 2.69% | 2,141,529 | Common | SOLE |
| 75513E101 | RTX | RTX Corp | $230.3M | 2.68% | 1,989,820 | Common | SOLE |
| 617446448 | MS | Morgan Stanley | $230.1M | 2.68% | 1,830,069 | Common | SOLE |
| H1467J104 | CB | Chubb Ltd. | $218.5M | 2.55% | 790,951 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $214.7M | 2.50% | 1,482,088 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corp. | $210.8M | 2.45% | 1,959,405 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Ltd. | $210.6M | 2.45% | 908,460 | Common | SOLE |
| 66987V109 | NVS | Novartis AG (ADR) | $209.9M | 2.44% | 2,156,619 | Common | SOLE |
| 172967424 | C | Citigroup Inc. | $208.6M | 2.43% | 2,963,825 | Common | SOLE |
| G5960L103 | MDT | Medtronic PLC | $204.3M | 2.38% | 2,557,559 | Common | SOLE |
| 89832Q109 | TFC | Truist Financial Corp | $199.2M | 2.32% | 4,592,341 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co. Inc. | $195.5M | 2.28% | 1,965,710 | Common | SOLE |
| 369550108 | GD | General Dynamics Corp. | $195.5M | 2.28% | 741,965 | Common | SOLE |
| 49177J102 | KVUE | Kenvue Inc | $194.3M | 2.26% | 9,100,496 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corp. (Cl A) | $185.4M | 2.16% | 4,939,981 | Common | SOLE |
| 925652109 | VICI | Vici Properties Inc. | $185.1M | 2.16% | 6,336,668 | Common | SOLE |
| 65339F101 | NEE | NextEra Energy Inc. | $182.5M | 2.13% | 2,545,339 | Common | SOLE |
| 42250P103 | DOC | Healthpeak Properties Inc | $178.8M | 2.08% | 8,820,838 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $170.6M | 1.99% | 1,179,982 | Common | SOLE |
| 89417E109 | TRV | The Travelers Companies Inc. | $170.3M | 1.98% | 706,849 | Common | SOLE |
| 00206R102 | T | AT&T Inc. | $160.1M | 1.86% | 7,029,523 | Common | SOLE |
| 260557103 | DOW | Dow Inc | $150.2M | 1.75% | 3,742,943 | Common | SOLE |
| 904767704 | — | Unilever PLC (ADR) | $149.7M | 1.74% | 2,639,907 | Common | SOLE |
| 372460105 | GPC | Genuine Parts Co. | $146.1M | 1.70% | 1,251,234 | Common | SOLE |
| 02209S103 | MO | Altria Group Inc. | $139.1M | 1.62% | 2,659,415 | Common | SOLE |
| 548661107 | LOW | Lowe's Companies Inc. | $137.9M | 1.61% | 558,710 | Common | SOLE |
| 717081103 | PFE | Pfizer Inc. | $126.7M | 1.48% | 4,774,380 | Common | SOLE |
| 20825C104 | COP | ConocoPhillips | $125.8M | 1.47% | 1,268,684 | Common | SOLE |
| 87612E106 | TGT | Target Corp. | $121.5M | 1.42% | 899,074 | Common | SOLE |
| 22822V101 | CCI | Crown Castle Inc. | $99.4M | 1.16% | 1,095,142 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp. | $98.8M | 1.15% | 234,375 | Common | SOLE |
| 911312106 | UPS | United Parcel Service Inc. | $95.5M | 1.11% | 757,049 | Common | SOLE |
| 25243Q205 | DEO | Diageo PLC (ADR) | $91.6M | 1.07% | 720,763 | Common | SOLE |
| 05534B760 | BCE | BCE Inc. | $81.8M | 0.95% | 3,528,595 | Common | SOLE |
| 747525103 | QCOM | Qualcomm Inc. | $67.7M | 0.79% | 440,847 | Common | SOLE |
| 26875P101 | EOG | EOG Resources Inc. | $66.4M | 0.77% | 541,575 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb Co. | $66.0M | 0.77% | 1,166,177 | Common | SOLE |
| G8267P108 | SW | Smurfit Westrock PLC | $65.2M | 0.76% | 1,210,923 | Common | SOLE |
| 69351T106 | PPL | PPL Corp. | $61.4M | 0.71% | 1,890,093 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufactu | $59.4M | 0.69% | 300,623 | Common | SOLE |
| 92343V104 | VZ | Verizon Communications Inc. | $56.8M | 0.66% | 1,420,807 | Common | SOLE |
| 871829107 | SYY | Sysco Corp. | $51.2M | 0.60% | 670,168 | Common | SOLE |
| 767204100 | RIO | Rio Tinto PLC (ADR) | $49.5M | 0.58% | 841,278 | Common | SOLE |
| 205887102 | CAG | Conagra Brands Inc. | $49.0M | 0.57% | 1,767,076 | Common | SOLE |
| G25839104 | CCEP | Coca Cola Euro Pacific Partner | $48.1M | 0.56% | 626,177 | Common | SOLE |
| 00215W100 | ASX | ASE Technology Holding Company | $44.6M | 0.52% | 4,424,100 | Common | SOLE |
| 459200101 | IBM | International Business Machine | $43.8M | 0.51% | 199,367 | Common | SOLE |
| 110448107 | BTI | British American Tobacco PLC ( | $42.9M | 0.50% | 1,180,659 | Common | SOLE |
| 81369Y852 | XLC | Communication Services Select | $41.2M | 0.48% | 426,063 | Common | SOLE |
| 45104G104 | IBN | ICICI Bank Ltd. (ADR) | $41.2M | 0.48% | 1,381,220 | Common | SOLE |
| 071813109 | BAX | Baxter International Inc. | $40.4M | 0.47% | 1,386,281 | Common | SOLE |
| 464287465 | EFA | iShares MSCI EAFE ETF | $38.4M | 0.45% | 507,578 | Common | SOLE |
| 191241108 | KOF | Coca-Cola Femsa SAB de CV (ADR | $37.0M | 0.43% | 475,123 | Common | SOLE |
| 81369Y209 | XLV | Health Care Select Sector SPDR | $32.3M | 0.38% | 234,759 | Common | SOLE |
| 464287598 | IWD | iShares Russell 1000 Value ETF | $30.2M | 0.35% | 163,124 | Common | SOLE |
| 81369Y704 | XLI | Industrial Select Sector SPDR | $29.0M | 0.34% | 219,974 | Common | SOLE |
| 780259305 | SHEL | Shell PLC (ADR) | $27.8M | 0.32% | 443,854 | Common | SOLE |
| 892331307 | TM | Toyota Motor Corp. (ADR) | $25.6M | 0.30% | 131,337 | Common | SOLE |
| 71654V408 | PBR | Petroleo Brasileiro SA (ADR) | $21.5M | 0.25% | 1,669,761 | Common | NONE |
| 48581R205 | KSPI | Kaspi.kz JSC | $17.5M | 0.20% | 185,086 | Common | SOLE |
| 518613203 | LAUR | Laureate Education Inc. | $16.6M | 0.19% | 905,067 | Common | SOLE |
| 78463X202 | FEZ | SPDR Euro Stoxx 50 ETF | $16.2M | 0.19% | 335,721 | Common | SOLE |
| 89151E109 | TTEN | TotalEnergies SE (ADR) | $15.3M | 0.18% | 281,366 | Common | SOLE |
| 46434G772 | EWT | iShares MSCI Taiwan ETF | $15.0M | 0.17% | 289,696 | Common | SOLE |
| 81369Y100 | XLB | Materials Select Sector SPDR F | $14.7M | 0.17% | 174,325 | Common | SOLE |
| 97717W422 | EPI | WisdomTree India Earnings Fund | $13.0M | 0.15% | 287,787 | Common | SOLE |
| 46434G814 | EWM | iShares MSCI Malaysia ETF | $12.6M | 0.15% | 513,756 | Common | SOLE |
| 80105N105 | SNY | Sanofi (ADR) | $12.6M | 0.15% | 261,112 | Common | SOLE |
| 89677Q107 | TCOM | Trip.com Group Ltd. (ADR) | $12.0M | 0.14% | 175,241 | Common | SOLE |
| 81369Y407 | XLY | Consumer Discretionary Select | $11.3M | 0.13% | 50,291 | Common | SOLE |
| 81369Y308 | XLP | Consumer Staples Select Sector | $10.8M | 0.13% | 137,527 | Common | SOLE |
| 48241A105 | KB | KB Financial Group Inc. (ADR) | $7.3M | 0.08% | 127,586 | Common | SOLE |
| 97717W851 | DXJ | WisdomTree Japan Hedged Equity | $7.1M | 0.08% | 64,418 | Common | SOLE |
| 81369Y803 | XLK | Technology Select Sector SPDR | $6.7M | 0.08% | 28,815 | Common | SOLE |
| 088606108 | BHP | BHP Group Ltd. (ADR) | $6.5M | 0.08% | 133,201 | Common | NONE |
| 29273V100 | ET | Energy Transfer LP | $5.5M | 0.06% | 281,004 | Common | SOLE |
| 68389X105 | ORCL | Oracle Corp. | $5.1M | 0.06% | 30,746 | Common | SOLE |
| 025816109 | AXP | American Express Co. | $5.1M | 0.06% | 17,168 | Common | SOLE |
| 81369Y860 | XLRE | Real Estate Select Sector SPDR | $4.8M | 0.06% | 117,959 | Common | SOLE |
| G29183103 | ETN | Eaton Corp. PLC | $4.7M | 0.05% | 14,182 | Common | SOLE |
| 931142103 | WMT | Walmart Inc. | $4.7M | 0.05% | 52,028 | Common | SOLE |
| P31076105 | CPA | Copa Holdings SA | $4.6M | 0.05% | 52,693 | Common | SOLE |
| 293792107 | EPD | Enterprise Products Partners L | $4.5M | 0.05% | 143,795 | Common | SOLE |
| 816851109 | SRE | Sempra | $4.5M | 0.05% | 50,749 | Common | SOLE |
| 46429B598 | INDA | iShares MSCI India ETF | $4.3M | 0.05% | 81,199 | Common | SOLE |
| 438516106 | HON | Honeywell International Inc. | $4.1M | 0.05% | 18,191 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P500 ETF Trust | $3.9M | 0.05% | 6,698 | Common | SOLE |
| 125523100 | CI | The Cigna Group | $3.8M | 0.04% | 13,773 | Common | SOLE |
| 254687106 | DIS | The Walt Disney Co. | $3.6M | 0.04% | 32,177 | Common | SOLE |
| 020002101 | ALL | The Allstate Corp. | $3.6M | 0.04% | 18,583 | Common | SOLE |
| 609207105 | MDLZ | Mondelez International Inc. | $3.5M | 0.04% | 58,898 | Common | SOLE |
| G0750C108 | AXTA | Axalta Coating Systems Ltd. | $3.5M | 0.04% | 100,836 | Common | SOLE |
| 81369Y506 | XLE | Energy Select Sector SPDR Fund | $3.4M | 0.04% | 40,273 | Common | SOLE |
| 464287168 | DVY | iShares Select Dividend ETF | $3.4M | 0.04% | 26,100 | Common | SOLE |
| 693475105 | PNC | The PNC Financial Services Gro | $3.4M | 0.04% | 17,706 | Common | SOLE |
| 46138E263 | CGW | Invesco S&P Global Water Index | $3.3M | 0.04% | 61,694 | Common | SOLE |
| 038222105 | AMAT | Applied Materials Inc. | $3.1M | 0.04% | 19,265 | Common | SOLE |
| 099724106 | BWA | BorgWarner Inc. | $2.9M | 0.03% | 91,507 | Common | SOLE |
| 695156109 | PKG | Packaging Corp. of America | $2.9M | 0.03% | 12,863 | Common | SOLE |
| 922042858 | VWO | Vanguard FTSE Emerging Markets | $2.7M | 0.03% | 61,275 | Common | SOLE |
| 50050N103 | KTB | Airtel Africa PLC | $2.7M | 0.03% | 1,888,769 | Common | SOLE |
| 042735100 | ARW | Arrow Electronics Inc. | $2.6M | 0.03% | 23,173 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp. | $2.4M | 0.03% | 10,427 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp. | $2.3M | 0.03% | 7,775 | Common | SOLE |
| 464287572 | IOO | iShares S&P Global 100 ETF | $2.2M | 0.03% | 21,889 | Common | SOLE |
| 233051630 | HDEF | Xtrackers MSCI EAFE High Divid | $2.0M | 0.02% | 84,282 | Common | SOLE |
| 754730109 | RJF | Raymond James Financial Inc. | $1.9M | 0.02% | 12,047 | Common | SOLE |
| 136375102 | CNI | Canadian National Railway Co. | $1.8M | 0.02% | 17,754 | Common | SOLE |
| 320517105 | FHN | First Horizon Corp. | $1.7M | 0.02% | 84,295 | Common | SOLE |
| 832696405 | SJM | The JM Smucker Co. | $1.7M | 0.02% | 15,159 | Common | SOLE |
| 037833100 | AAPL | Apple Inc. | $1.6M | 0.02% | 6,344 | Common | SOLE |
| 742718109 | PG | The Procter & Gamble Co. | $1.6M | 0.02% | 9,393 | Common | SOLE |
| 390607109 | GLDD | Great Lakes Dredge & Dock Corp | $1.6M | 0.02% | 138,382 | Common | SOLE |
| 828806109 | SPG | Simon Property Group Inc. | $1.5M | 0.02% | 8,936 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. | $1.5M | 0.02% | 7,757 | Common | SOLE |
| 097023105 | BA | BOEING CO/THE | $1.5M | 0.02% | 8,270 | Common | SOLE |
| 81369Y886 | XLU | Utilities Select Sector SPDR F | $1.4M | 0.02% | 18,583 | Common | SOLE |
| 927959106 | VNOMUSD | Viper Energy Inc | $1.4M | 0.02% | 27,881 | Common | SOLE |
| 126408103 | CSX | CSX Corp. | $1.4M | 0.02% | 42,269 | Common | SOLE |
| 31620M106 | FIS | Fidelity National Information | $1.3M | 0.01% | 15,865 | Common | SOLE |
| 713448108 | PEP | PepsiCo Inc. | $1.3M | 0.01% | 8,401 | Common | SOLE |
| 46434V647 | REET | iShares Trust iShares Global | $1.2M | 0.01% | 51,410 | Common | SOLE |
| 26614N102 | DD | DuPont De Nemours Inc. | $1.2M | 0.01% | 16,085 | Common | SOLE |
| 464288877 | EFV | iShares MSCI EAFE Value ETF | $1.2M | 0.01% | 22,519 | Common | SOLE |
| 039483102 | ADM | Archer-Daniels-Midland Co. | $1.1M | 0.01% | 22,578 | Common | SOLE |
| 97717W315 | DEM | WisdomTree Emerging Markets Hi | $1.1M | 0.01% | 28,000 | Common | SOLE |
| 74052F108 | — | Premier Financial Corp | $1.1M | 0.01% | 42,328 | Common | SOLE |
| 595112103 | MU | Micron Technology Inc. | $1.1M | 0.01% | 12,810 | Common | SOLE |
| 369604301 | GE | General Electric Co. | $1.1M | 0.01% | 6,451 | Common | SOLE |
| 03076K108 | ABCB | Ameris Bancorp | $1.1M | 0.01% | 17,124 | Common | SOLE |
| 464286772 | EWY | iShares MSCI South Korea ETF | $1.1M | 0.01% | 20,865 | Common | SOLE |
| 464287234 | EEM | iShares MSCI Emerging Markets | $1.1M | 0.01% | 25,171 | Common | SOLE |
| 52603B107 | TREE | LendingTree Inc. | $1.1M | 0.01% | 27,113 | Common | SOLE |
| 222795502 | CUZ | Cousins Properties Inc. | $1.0M | 0.01% | 34,176 | Common | SOLE |
| 09260D107 | BX | Blackstone Inc | $1.0M | 0.01% | 6,005 | Common | SOLE |
| 934423104 | WBD | Warner Brothers Discovery Inc. | $974,871 | 0.01% | 92,230 | Common | SOLE |
| 88579Y101 | MMM | 3M Co. | $950,490 | 0.01% | 7,363 | Common | SOLE |
| 53946R106 | LDI | LoanDepot Inc. | $919,006 | 0.01% | 450,493 | Common | SOLE |
| 57638P104 | MBC | Masterbrand Inc. | $910,904 | 0.01% | 62,348 | Common | SOLE |
| 464288174 | WOOD | iShares Global Timber & Forest | $908,446 | 0.01% | 11,900 | Common | SOLE |
| 293712105 | EFSC | Enterprise Financial Services | $880,460 | 0.01% | 15,611 | Common | SOLE |
| 57164Y107 | VAC | Marriot Vacations Worldwide Co | $879,681 | 0.01% | 9,796 | Common | SOLE |
| 56117J100 | MBUU | Malibu Boats Inc. | $859,871 | 0.01% | 22,875 | Common | SOLE |
| 81369Y605 | XLF | Financial Select Sector SPDR F | $856,408 | 0.01% | 17,720 | Common | SOLE |
| G8060N102 | ST | Sensata Technologies Holding P | $852,441 | 0.01% | 31,111 | Common | SOLE |
| 81617J301 | WTTR | Select Water Solutions Inc. | $832,028 | 0.01% | 62,842 | Common | SOLE |
| 55305B101 | MHO | M/I Homes Inc. | $830,672 | 0.01% | 6,248 | Common | SOLE |
| 431284108 | HIW | Highwoods Properties Inc. | $828,259 | 0.01% | 27,085 | Common | SOLE |
| 38149E101 | GLDG | Glencore PLC | $825,273 | 0.01% | 186,095 | Common | SOLE |
| 70932M107 | PFSI | PennyMac Financial Services In | $822,125 | 0.01% | 8,049 | Common | SOLE |
| 21874C102 | CNM | Core & Main Inc | $794,807 | 0.01% | 15,612 | Common | SOLE |
| 500643200 | KFY | Korn Ferry | $793,482 | 0.01% | 11,764 | Common | SOLE |
| 744573106 | PEG | Public Service Enterprise Grou | $760,326 | 0.01% | 8,999 | Common | SOLE |
| 25961D105 | DOUG | Douglas Elliman Inc. | $749,189 | 0.01% | 448,616 | Common | SOLE |
| 828730200 | SFNC | Simons First National Corp. | $739,015 | 0.01% | 33,319 | Common | SOLE |
| 494368103 | KMB | Kimberly-Clark Corp. | $723,341 | 0.01% | 5,520 | Common | SOLE |
| 840441109 | SSBUSD | SouthState Corp. | $704,566 | 0.01% | 7,082 | Common | SOLE |
| 030420103 | AWK | American Water Works Company I | $699,260 | 0.01% | 5,617 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie Inc. | $670,284 | 0.01% | 3,772 | Common | SOLE |
| 51819L107 | SWIM | Latham Group Inc. | $659,383 | 0.01% | 94,739 | Common | SOLE |
| 736508847 | POR | Portland General Electric Co. | $658,618 | 0.01% | 15,099 | Common | SOLE |
| G7S00T104 | PNR | Pentair PLC | $649,229 | 0.01% | 6,451 | Common | SOLE |
| 127097103 | CTRA | Coterra Energy Inc. | $630,736 | 0.01% | 24,696 | Common | SOLE |
| 29670G102 | WTRG | Essential Utilites Inc. | $627,501 | 0.01% | 17,277 | Common | SOLE |
| 191216100 | KO | The Coca-Cola Co. | $593,898 | 0.01% | 9,539 | Common | SOLE |
| 32055Y201 | FIBK | First Interstate Bancsystem In | $586,278 | 0.01% | 18,056 | Common | SOLE |
| 74460D109 | PSA | Public Storage | $566,241 | 0.01% | 1,891 | Common | SOLE |
| 92338C103 | VLTO | Veralto Corp. | $534,814 | 0.01% | 5,251 | Common | SOLE |
| 36828A101 | GEV | GE Vernova LLC | $526,288 | 0.01% | 1,600 | Common | SOLE |
| 029899101 | AWR | American States Water Co. | $515,284 | 0.01% | 6,630 | Common | SOLE |
| 443628102 | HBM | HudBay Minerals Inc. | $506,748 | 0.01% | 62,370 | Common | SOLE |
| 88162G103 | TTEK | Tetra Tech Inc. | $438,997 | 0.01% | 11,019 | Common | SOLE |
| 25746U109 | D | Dominion Energy Inc. | $430,072 | 0.01% | 7,985 | Common | SOLE |
| 464287630 | IWN | iShares Russell 2000 Value ETF | $416,663 | 0.00% | 2,538 | Common | SOLE |
| 98983L108 | ZWS | Zurn Elkay Water Solutions Cor | $410,561 | 0.00% | 11,007 | Common | SOLE |
| G54950103 | LIN | Linde PLC | $408,544 | 0.00% | 976 | Common | SOLE |
| 227046109 | CROX | Crocs Inc. | $399,894 | 0.00% | 3,651 | Common | SOLE |
| 98419M100 | XYL | Xylem Inc. | $396,904 | 0.00% | 3,421 | Common | SOLE |
| 909214306 | UIS | Unisys Corp. | $394,296 | 0.00% | 62,290 | Common | SOLE |
| 13646K108 | CP | Canadian Pacific Kansas City L | $387,107 | 0.00% | 5,349 | Common | SOLE |
| 574599106 | MAS | Masco Corp. | $384,186 | 0.00% | 5,294 | Common | SOLE |
| 920253101 | VMI | Valmont Industries Inc. | $359,111 | 0.00% | 1,171 | Common | SOLE |
| 82983N108 | SB9 | Sitio Royalties Corp | $357,093 | 0.00% | 18,618 | Common | SOLE |
| 24869P104 | DENN | Denny's Corp. | $345,062 | 0.00% | 57,035 | Common | SOLE |
| 278865100 | ECL | Ecolab Inc. | $336,015 | 0.00% | 1,434 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc. | $333,500 | 0.00% | 7,860 | Common | SOLE |
| 17888H103 | CIVI | Civitas Resources Inc. | $316,274 | 0.00% | 6,895 | Common | SOLE |
| 149123101 | CAT | Caterpillar Inc. | $315,238 | 0.00% | 869 | Common | SOLE |
| 73278L105 | POOL | Pool Corp. | $314,688 | 0.00% | 923 | Common | SOLE |
| 962166104 | WY | Weyerhaeuser Co. | $294,365 | 0.00% | 10,457 | Common | SOLE |
| 460146103 | IP | International Paper Co. | $266,947 | 0.00% | 4,960 | Common | SOLE |
| 00790R104 | WMS | Advanced Drainage Systems Inc. | $252,355 | 0.00% | 2,183 | Common | SOLE |
| G23773107 | CWCO | Consolidated Water Company Ltd | $244,117 | 0.00% | 9,429 | Common | SOLE |
| 904311206 | UA | Under Armour Inc. (class C) | $236,213 | 0.00% | 31,664 | Common | SOLE |
| 130788102 | CWT | California Water Service Group | $228,191 | 0.00% | 5,034 | Common | SOLE |
| 596680108 | MSEX | Middlesex Water Co. | $226,309 | 0.00% | 4,300 | Common | SOLE |
| 754907103 | RYN | Rayonier Inc. | $222,450 | 0.00% | 8,523 | Common | SOLE |
| 464287184 | FXI | iShares China Large-Cap ETF | $204,861 | 0.00% | 6,730 | Common | SOLE |
| 535555106 | LNN | Lindsay Corp. | $202,310 | 0.00% | 1,710 | Common | SOLE |
| 379463102 | GWRS | Global Water Resources Inc. | $190,705 | 0.00% | 16,583 | Common | SOLE |
| 86959K105 | SUZ | Suzano SA (ADR) | $166,626 | 0.00% | 16,465 | Common | SOLE |
| 465562106 | ITUB | Itau Unibanco Holding SA (ADR) | $149,103 | 0.00% | 30,061 | Common | SOLE |
| 527064109 | — | Leslie's Inc. | $132,507 | 0.00% | 59,420 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.