Q1 2025 · 13F-HR
Cullen Capital Management, LLCholdings as filed
Filed 2025-05-15 · accession 0000950123-25-005569
$8.66B
Reported value
205
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46625H100 | JPM | JP Morgan Chase & Co. | $261.8M | 3.02% | 1,067,210 | Common | SOLE |
| 75513E101 | RTX | RTX Corp | $258.1M | 2.98% | 1,948,742 | Common | SOLE |
| 26441C204 | DUK | Duke Energy Corp. | $258.0M | 2.98% | 2,115,647 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc. | $258.0M | 2.98% | 4,180,770 | Common | SOLE |
| G5960L103 | MDT | Medtronic PLC | $244.5M | 2.82% | 2,720,879 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $238.6M | 2.76% | 1,426,319 | Common | SOLE |
| 66987V109 | NVS | Novartis AG (ADR) | $235.1M | 2.72% | 2,108,684 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corp. | $230.6M | 2.66% | 1,938,646 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp. | $229.5M | 2.65% | 5,500,100 | Common | SOLE |
| G51502105 | JCI | Johnson Controls International | $226.8M | 2.62% | 2,830,929 | Common | SOLE |
| 49177J102 | KVUE | Kenvue Inc | $217.0M | 2.51% | 9,050,279 | Common | SOLE |
| H1467J104 | CB | Chubb Ltd. | $211.2M | 2.44% | 699,376 | Common | SOLE |
| 925652109 | VICI | Vici Properties Inc. | $210.7M | 2.43% | 6,460,347 | Common | SOLE |
| 718172109 | PM | Philip Morris International In | $205.2M | 2.37% | 1,292,508 | Common | SOLE |
| 369550108 | GD | General Dynamics Corp. | $205.0M | 2.37% | 752,071 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $204.8M | 2.37% | 1,234,886 | Common | SOLE |
| 42250P103 | DOC | Healthpeak Properties Inc | $204.1M | 2.36% | 10,095,597 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co. Inc. | $200.8M | 2.32% | 2,236,676 | Common | SOLE |
| 172967424 | C | Citigroup Inc. | $198.5M | 2.29% | 2,796,368 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corp. (Cl A) | $197.3M | 2.28% | 5,346,670 | Common | SOLE |
| 617446448 | MS | Morgan Stanley | $194.0M | 2.24% | 1,662,599 | Common | SOLE |
| 89832Q109 | TFC | Truist Financial Corp | $184.4M | 2.13% | 4,481,647 | Common | SOLE |
| 00206R102 | T | AT&T Inc. | $179.8M | 2.08% | 6,359,222 | Common | SOLE |
| 65339F101 | NEE | NextEra Energy Inc. | $179.1M | 2.07% | 2,526,739 | Common | SOLE |
| 02209S103 | MO | Altria Group Inc. | $173.0M | 2.00% | 2,882,310 | Common | SOLE |
| 372460105 | GPC | Genuine Parts Co. | $161.1M | 1.86% | 1,352,590 | Common | SOLE |
| 260557103 | DOW | Dow Inc | $158.7M | 1.83% | 4,544,766 | Common | SOLE |
| 904767704 | — | Unilever PLC (ADR) | $154.6M | 1.79% | 2,596,946 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Ltd. | $142.3M | 1.64% | 849,894 | Common | SOLE |
| 05534B760 | BCE | BCE Inc. | $141.4M | 1.63% | 6,159,929 | Common | SOLE |
| 89417E109 | TRV | The Travelers Companies Inc. | $139.7M | 1.61% | 528,196 | Common | SOLE |
| 911312106 | UPS | United Parcel Service Inc. | $133.2M | 1.54% | 1,211,014 | Common | SOLE |
| 20825C104 | COP | ConocoPhillips | $133.1M | 1.54% | 1,266,926 | Common | SOLE |
| 548661107 | LOW | Lowe's Companies Inc. | $126.9M | 1.47% | 544,029 | Common | SOLE |
| 717081103 | PFE | Pfizer Inc. | $119.7M | 1.38% | 4,723,322 | Common | SOLE |
| 22822V101 | CCI | Crown Castle Inc. | $114.8M | 1.33% | 1,101,789 | Common | SOLE |
| 87612E106 | TGT | Target Corp. | $98.0M | 1.13% | 939,473 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp. | $84.1M | 0.97% | 224,053 | Common | SOLE |
| 681919106 | OMC | Omnicom Group Inc. | $83.8M | 0.97% | 1,011,210 | Common | SOLE |
| 25243Q205 | DEO | Diageo PLC (ADR) | $82.2M | 0.95% | 784,044 | Common | SOLE |
| 747525103 | QCOM | Qualcomm Inc. | $75.8M | 0.88% | 493,511 | Common | SOLE |
| 26875P101 | EOG | EOG Resources Inc. | $70.6M | 0.82% | 550,717 | Common | SOLE |
| 92343V104 | VZ | Verizon Communications Inc. | $68.4M | 0.79% | 1,507,977 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb Co. | $68.2M | 0.79% | 1,118,589 | Common | SOLE |
| 69351T106 | PPL | PPL Corp. | $67.3M | 0.78% | 1,864,500 | Common | SOLE |
| 49271V100 | KDP | Keurig Dr Pepper Inc | $61.5M | 0.71% | 1,797,912 | Common | SOLE |
| 767204100 | RIO | Rio Tinto PLC (ADR) | $55.7M | 0.64% | 926,500 | Common | SOLE |
| 871829107 | SYY | Sysco Corp. | $51.4M | 0.59% | 685,214 | Common | SOLE |
| 071813109 | BAX | Baxter International Inc. | $51.2M | 0.59% | 1,496,127 | Common | SOLE |
| 110448107 | BTI | British American Tobacco PLC (ADR) | $49.6M | 0.57% | 1,199,582 | Common | SOLE |
| G25839104 | CCEP | Coca Cola Euro Pacific Partner | $49.1M | 0.57% | 563,792 | Common | SOLE |
| 191241108 | KOF | Coca-Cola Femsa SAB de CV (ADR) | $47.4M | 0.55% | 518,743 | Common | SOLE |
| 459200101 | IBM | International Business Machine | $46.7M | 0.54% | 187,670 | Common | SOLE |
| 45104G104 | IBN | ICICI Bank Ltd. (ADR) | $43.6M | 0.50% | 1,383,721 | Common | SOLE |
| 609207105 | MDLZ | Mondelez International Inc. | $40.4M | 0.47% | 595,344 | Common | SOLE |
| 00215W100 | ASX | ASE Technology Holding Company (ADR) | $39.4M | 0.46% | 4,497,235 | Common | SOLE |
| G8267P108 | SW | Smurfit Westrock PLC | $38.4M | 0.44% | 851,665 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc. | $36.6M | 0.42% | 826,654 | Common | SOLE |
| 71654V408 | PBR | Petroleo Brasileiro SA (ADR) | $35.9M | 0.42% | 2,506,251 | Common | SOLE |
| 693475105 | PNC | The PNC Financial Services Gro | $34.7M | 0.40% | 197,397 | Common | SOLE |
| 780259305 | SHEL | Shell PLC (ADR) | $33.7M | 0.39% | 460,039 | Common | SOLE |
| 892331307 | TM | Toyota Motor Corp. (ADR) | $28.1M | 0.32% | 159,055 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufactu (ADR) | $27.3M | 0.32% | 164,444 | Common | SOLE |
| 80105N105 | SNY | Sanofi (ADR) | $22.2M | 0.26% | 401,110 | Common | SOLE |
| 518613203 | LAUR | Laureate Education Inc. | $17.7M | 0.20% | 864,715 | Common | SOLE |
| 89151E109 | TTEN | TotalEnergies SE (ADR) | $14.8M | 0.17% | 229,097 | Common | SOLE |
| 01609W102 | BABA | Alibaba Group Holding Ltd. (ADR) | $8.6M | 0.10% | 65,364 | Common | SOLE |
| P31076105 | CPA | Copa Holdings SA | $8.1M | 0.09% | 87,260 | Common | SOLE |
| 97717W422 | EPI | WisdomTree India Earnings Fund | $7.9M | 0.09% | 181,173 | Common | SOLE |
| 48581R205 | KSPI | Kaspi.kz JSC (ADR) | $7.1M | 0.08% | 76,826 | Common | SOLE |
| 89677Q107 | TCOM | Trip.com Group Ltd. (ADR) | $6.6M | 0.08% | 104,366 | Common | SOLE |
| 46434G772 | EWT | iShares MSCI Taiwan ETF | $6.0M | 0.07% | 125,835 | Common | SOLE |
| 464286772 | EWY | iShares MSCI South Korea ETF | $5.5M | 0.06% | 101,217 | Common | SOLE |
| 48241A105 | KB | KB Financial Group Inc. (ADR) | $5.0M | 0.06% | 93,222 | Common | SOLE |
| 46434G814 | EWM | iShares MSCI Malaysia ETF | $4.8M | 0.06% | 208,826 | Common | SOLE |
| 025816109 | AXP | American Express Co. | $4.5M | 0.05% | 16,664 | Common | SOLE |
| 125523100 | CI | The Cigna Group | $4.5M | 0.05% | 13,590 | Common | SOLE |
| 29273V100 | ET | Energy Transfer LP | $4.2M | 0.05% | 228,496 | Common | SOLE |
| 68389X105 | ORCL | Oracle Corp. | $4.2M | 0.05% | 29,799 | Common | SOLE |
| 931142103 | WMT | Walmart Inc. | $4.1M | 0.05% | 46,922 | Common | SOLE |
| 438516106 | HON | Honeywell International Inc. | $3.9M | 0.04% | 18,191 | Common | SOLE |
| 816851109 | SRE | Sempra | $3.8M | 0.04% | 53,260 | Common | SOLE |
| 293792107 | EPD | Enterprise Products Partners L | $3.7M | 0.04% | 108,870 | Common | SOLE |
| 020002101 | ALL | The Allstate Corp. | $3.7M | 0.04% | 17,774 | Common | SOLE |
| G29183103 | ETN | Eaton Corp. PLC | $3.6M | 0.04% | 13,406 | Common | SOLE |
| 50050N103 | KTB | Airtel Africa PLC | $3.3M | 0.04% | 1,558,688 | Common | SOLE |
| G0750C108 | AXTA | Axalta Coating Systems Ltd. | $3.3M | 0.04% | 99,446 | Common | SOLE |
| 254687106 | DIS | The Walt Disney Co. | $3.1M | 0.04% | 31,869 | Common | SOLE |
| 46429B598 | INDA | iShares MSCI India ETF | $2.9M | 0.03% | 56,115 | Common | SOLE |
| 038222105 | AMAT | Applied Materials Inc. | $2.8M | 0.03% | 19,635 | Common | SOLE |
| 099724106 | BWA | BorgWarner Inc. | $2.7M | 0.03% | 94,968 | Common | SOLE |
| 695156109 | PKG | Packaging Corp. of America | $2.4M | 0.03% | 12,245 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp. | $2.4M | 0.03% | 10,035 | Common | SOLE |
| 042735100 | ARW | Arrow Electronics Inc. | $2.3M | 0.03% | 22,158 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp. | $2.2M | 0.03% | 7,041 | Common | SOLE |
| 832696405 | SJM | The JM Smucker Co. | $2.1M | 0.02% | 17,324 | Common | SOLE |
| 78468R663 | BIL | SPDR Bloomberg 1-3 Month T-Bil | $2.1M | 0.02% | 22,359 | Common | SOLE |
| 754730109 | RJF | Raymond James Financial Inc. | $1.8M | 0.02% | 13,117 | Common | SOLE |
| 136375102 | CNI | Canadian National Railway Co. | $1.6M | 0.02% | 16,863 | Common | SOLE |
| 742718109 | PG | The Procter & Gamble Co. | $1.6M | 0.02% | 9,393 | Common | SOLE |
| 205887102 | CAG | Conagra Brands Inc. | $1.6M | 0.02% | 59,596 | Common | SOLE |
| 828806109 | SPG | Simon Property Group Inc. | $1.5M | 0.02% | 9,221 | Common | SOLE |
| 26614N102 | DD | DuPont De Nemours Inc. | $1.5M | 0.02% | 20,245 | Common | SOLE |
| 037833100 | AAPL | Apple Inc. | $1.4M | 0.02% | 6,344 | Common | SOLE |
| 52603B107 | TREE | LendingTree Inc. | $1.4M | 0.02% | 27,459 | Common | SOLE |
| 320517105 | FHN | First Horizon Corp. | $1.4M | 0.02% | 70,412 | Common | SOLE |
| 126408103 | CSX | CSX Corp. | $1.3M | 0.02% | 45,704 | Common | SOLE |
| 097023105 | BA | BOEING CO/THE | $1.3M | 0.02% | 7,851 | Common | SOLE |
| 369604301 | GE | General Electric Co. | $1.3M | 0.01% | 6,451 | Common | SOLE |
| 030420103 | AWK | American Water Works Company I | $1.3M | 0.01% | 8,502 | Common | SOLE |
| 713448108 | PEP | PepsiCo Inc. | $1.2M | 0.01% | 8,335 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. | $1.2M | 0.01% | 8,043 | Common | SOLE |
| 31620M106 | FIS | Fidelity National Information | $1.2M | 0.01% | 16,350 | Common | SOLE |
| 595112103 | MU | Micron Technology Inc. | $1.1M | 0.01% | 13,215 | Common | SOLE |
| 927959106 | VNOMUSD | Viper Energy Inc | $1.1M | 0.01% | 24,594 | Common | SOLE |
| 934423104 | WBD | Warner Brothers Discovery Inc. | $1.1M | 0.01% | 102,245 | Common | SOLE |
| 88579Y101 | MMM | 3M Co. | $1.1M | 0.01% | 7,321 | Common | SOLE |
| 29670G102 | WTRG | Essential Utilites Inc. | $1.1M | 0.01% | 26,704 | Common | SOLE |
| 039483102 | ADM | Archer-Daniels-Midland Co. | $1.1M | 0.01% | 21,875 | Common | SOLE |
| 390607109 | GLDD | Great Lakes Dredge & Dock Corp | $1.0M | 0.01% | 118,452 | Common | SOLE |
| 950810101 | WSBC | WesBanco Inc. | $981,463 | 0.01% | 31,701 | Common | SOLE |
| 922042858 | VWO | Vanguard FTSE Emerging Markets | $953,311 | 0.01% | 21,063 | Common | SOLE |
| 03076K108 | ABCB | Ameris Bancorp | $944,033 | 0.01% | 16,398 | Common | SOLE |
| 222795502 | CUZ | Cousins Properties Inc. | $841,488 | 0.01% | 28,525 | Common | SOLE |
| 494368103 | KMB | Kimberly-Clark Corp. | $830,565 | 0.01% | 5,840 | Common | SOLE |
| 09260D107 | BX | Blackstone Inc | $817,014 | 0.01% | 5,845 | Common | SOLE |
| 70932M107 | PFSI | PennyMac Financial Services In | $814,695 | 0.01% | 8,138 | Common | SOLE |
| 029899101 | AWR | American States Water Co. | $813,630 | 0.01% | 10,341 | Common | SOLE |
| 431284108 | HIW | Highwoods Properties Inc. | $813,618 | 0.01% | 27,450 | Common | SOLE |
| 500643200 | KFY | Korn Ferry | $806,024 | 0.01% | 11,883 | Common | SOLE |
| 191216100 | KO | The Coca-Cola Co. | $746,925 | 0.01% | 10,429 | Common | SOLE |
| 744573106 | PEG | Public Service Enterprise Grou | $740,618 | 0.01% | 8,999 | Common | SOLE |
| 81369Y852 | XLC | Communication Services Select | $737,746 | 0.01% | 7,649 | Common | SOLE |
| G8060N102 | ST | Sensata Technologies Holding P | $721,790 | 0.01% | 29,740 | Common | SOLE |
| 127097103 | CTRA | Coterra Energy Inc. | $719,321 | 0.01% | 24,890 | Common | SOLE |
| 81369Y209 | XLV | Health Care Select Sector SPDR | $703,038 | 0.01% | 4,815 | Common | SOLE |
| 828730200 | SFNC | Simons First National Corp. | $692,723 | 0.01% | 33,742 | Common | SOLE |
| 57638P104 | MBC | Masterbrand Inc. | $683,835 | 0.01% | 52,361 | Common | SOLE |
| 736508847 | POR | Portland General Electric Co. | $679,392 | 0.01% | 15,233 | Common | SOLE |
| 81369Y100 | XLB | Materials Select Sector SPDR F | $674,599 | 0.01% | 7,846 | Common | SOLE |
| 840441109 | SSBUSD | SouthState Corp. | $665,286 | 0.01% | 7,167 | Common | SOLE |
| 25961D105 | DOUG | Douglas Elliman Inc. | $629,456 | 0.01% | 365,963 | Common | SOLE |
| 464288877 | EFV | iShares MSCI EAFE Value ETF | $622,289 | 0.01% | 10,558 | Common | SOLE |
| 81369Y704 | XLI | Industrial Select Sector SPDR | $617,602 | 0.01% | 4,712 | Common | SOLE |
| 98419M100 | XYL | Xylem Inc. | $609,365 | 0.01% | 5,101 | Common | SOLE |
| 51819L107 | SWIM | Latham Group Inc. | $607,178 | 0.01% | 94,429 | Common | SOLE |
| 130788102 | CWT | California Water Service Group | $605,120 | 0.01% | 12,487 | Common | SOLE |
| 81617J301 | WTTR | Select Water Solutions Inc. | $531,521 | 0.01% | 50,621 | Common | SOLE |
| 21874C102 | CNM | Core & Main Inc | $529,671 | 0.01% | 10,964 | Common | SOLE |
| 32055Y201 | FIBK | First Interstate Bancsystem In | $521,831 | 0.01% | 18,214 | Common | SOLE |
| 92338C103 | VLTO | Veralto Corp. | $509,469 | 0.01% | 5,228 | Common | SOLE |
| 00790R104 | WMS | Advanced Drainage Systems Inc. | $502,506 | 0.01% | 4,625 | Common | SOLE |
| 57164Y107 | VAC | Marriot Vacations Worldwide Co | $500,301 | 0.01% | 7,788 | Common | SOLE |
| 293712105 | EFSC | Enterprise Financial Services | $496,558 | 0.01% | 9,240 | Common | SOLE |
| 81369Y407 | XLY | Consumer Discretionary Select | $496,217 | 0.01% | 2,513 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie Inc. | $490,696 | 0.01% | 2,342 | Common | SOLE |
| 36828A101 | GEV | GE Vernova LLC | $488,448 | 0.01% | 1,600 | Common | SOLE |
| G7S00T104 | PNR | Pentair PLC | $462,332 | 0.01% | 5,285 | Common | SOLE |
| G54950103 | LIN | Linde PLC | $454,338 | 0.01% | 976 | Common | SOLE |
| 962166104 | WY | Weyerhaeuser Co. | $421,544 | 0.00% | 14,397 | Common | SOLE |
| 88162G103 | TTEK | Tetra Tech Inc. | $419,942 | 0.00% | 14,357 | Common | SOLE |
| 81369Y308 | XLP | Consumer Staples Select Sector | $404,593 | 0.00% | 4,954 | Common | SOLE |
| 56117J100 | MBUU | Malibu Boats Inc. | $396,263 | 0.00% | 12,916 | Common | SOLE |
| 227046109 | CROX | Crocs Inc. | $395,914 | 0.00% | 3,728 | Common | SOLE |
| 81369Y803 | XLK | Technology Select Sector SPDR | $387,563 | 0.00% | 1,877 | Common | SOLE |
| 53946R106 | LDI | LoanDepot Inc. | $386,143 | 0.00% | 324,490 | Common | SOLE |
| 25746U109 | D | Dominion Energy Inc. | $385,706 | 0.00% | 6,879 | Common | SOLE |
| 387437205 | GRTUF | Granite Real Estate Investment | $383,745 | 0.00% | 8,190 | Common | SOLE |
| 574599106 | MAS | Masco Corp. | $366,963 | 0.00% | 5,277 | Common | SOLE |
| 987184108 | YORW | The York Water Co. | $363,273 | 0.00% | 10,475 | Common | SOLE |
| 92936U109 | WPC | WP Carey Inc. | $361,494 | 0.00% | 5,728 | Common | SOLE |
| 13646K108 | CP | Canadian Pacific Kansas City L | $347,750 | 0.00% | 4,953 | Common | SOLE |
| 55305B101 | MHO | M/I Homes Inc. | $346,993 | 0.00% | 3,039 | Common | SOLE |
| G23773107 | CWCO | Consolidated Water Company Ltd | $336,027 | 0.00% | 13,721 | Common | SOLE |
| 85472N109 | STN | Stantec Inc. | $335,668 | 0.00% | 4,052 | Common | SOLE |
| 920253101 | VMI | Valmont Industries Inc. | $333,312 | 0.00% | 1,168 | Common | SOLE |
| 82983N108 | SB9 | Sitio Royalties Corp | $327,756 | 0.00% | 16,495 | Common | SOLE |
| 74340W103 | PLD | Prologis Inc. | $326,427 | 0.00% | 2,920 | Common | SOLE |
| 379463102 | GWRS | Global Water Resources Inc. | $325,518 | 0.00% | 31,573 | Common | SOLE |
| 784305104 | HTO | SJW Group | $308,462 | 0.00% | 5,634 | Common | SOLE |
| 596680108 | MSEX | Middlesex Water Co. | $300,950 | 0.00% | 4,695 | Common | SOLE |
| 98983L108 | ZWS | Zurn Elkay Water Solutions Cor | $294,742 | 0.00% | 8,937 | Common | SOLE |
| 909214306 | UIS | Unisys Corp. | $292,071 | 0.00% | 63,632 | Common | SOLE |
| 149123101 | CAT | Caterpillar Inc. | $286,596 | 0.00% | 869 | Common | SOLE |
| 464287630 | IWN | iShares Russell 2000 Value ETF | $282,786 | 0.00% | 1,873 | Common | SOLE |
| 737630103 | PCH | PotlatchDeltic Corp | $267,381 | 0.00% | 5,926 | Common | SOLE |
| 043113208 | ARTNA | Artesian Resources Corp. | $257,511 | 0.00% | 7,887 | Common | SOLE |
| 81369Y506 | XLE | Energy Select Sector SPDR Fund | $253,156 | 0.00% | 2,709 | Common | SOLE |
| 831865209 | AOS | A.O. Smith Corp. | $253,139 | 0.00% | 3,873 | Common | SOLE |
| 464287598 | IWD | iShares Russell 1000 Value ETF | $243,479 | 0.00% | 1,294 | Common | SOLE |
| 97717W851 | DXJ | WisdomTree Japan Hedged Equity | $241,294 | 0.00% | 2,190 | Common | SOLE |
| 754907103 | RYN | Rayonier Inc. | $230,345 | 0.00% | 8,262 | Common | SOLE |
| 78463X202 | FEZ | SPDR Euro Stoxx 50 ETF | $218,946 | 0.00% | 4,024 | Common | SOLE |
| 74460D109 | PSA | Public Storage | $215,788 | 0.00% | 721 | Common | SOLE |
| 535555106 | LNN | Lindsay Corp. | $215,590 | 0.00% | 1,704 | Common | SOLE |
| 24869P104 | DENN | Denny's Corp. | $213,928 | 0.00% | 58,291 | Common | SOLE |
| 20441A102 | SBS | Companhia de Saneamento Basico (ADR) | $210,069 | 0.00% | 11,762 | Common | SOLE |
| 464287168 | DVY | iShares Select Dividend ETF | $208,150 | 0.00% | 1,550 | Common | SOLE |
| 460146103 | IP | International Paper Co. | $207,532 | 0.00% | 3,890 | Common | SOLE |
| 81369Y605 | XLF | Financial Select Sector SPDR F | $206,612 | 0.00% | 4,148 | Common | SOLE |
| 278865100 | ECL | Ecolab Inc. | $202,055 | 0.00% | 797 | Common | SOLE |
| 73278L105 | POOL | Pool Corp. | $200,242 | 0.00% | 629 | Common | SOLE |
| 904311206 | UA | Under Armour Inc. (class C) | $192,691 | 0.00% | 32,385 | Common | SOLE |
| 86959K105 | SUZ | Suzano SA (ADR) | $182,038 | 0.00% | 19,595 | Common | SOLE |
| 527064109 | — | Leslie's Inc. | $126,333 | 0.00% | 171,765 | 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.