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Cullen Capital Management, LLC

Q2 2025 · 13F-HR

Cullen Capital Management, LLCholdings as filed

Filed 2025-09-30 · accession 0001193125-25-224592

$8.78B
Reported value
198
Positions
2025-06-30
Period end
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The Brief · Cullen Capital Management, LLC · Q2 2025

AI · grounded in 13F

Cullen Capital Management, LLC established a new position in JPM valued at $303.6M. The fund also initiated new stakes in CSCO for $279.9M and BAC for $260.6M. Additional new positions include NVS at $253.7M and DUK at $241.8M. Total assets under management stand at $8.78B across 198 positions.

Holdings as filed

CUSIPTickerIssuerValue% port.SharesClassVoting
46625H100JPMJP Morgan Chase & Co.$303.6M3.46%1,047,243CommonSOLE
17275R102CSCOCisco Systems Inc.$280.0M3.19%4,035,596CommonSOLE
060505104BACBank of America Corp.$260.6M2.97%5,507,486CommonSOLE
66987V109NVSNovartis AG (ADR)$253.7M2.89%2,096,852CommonSOLE
26441C204DUKDuke Energy Corp.$241.9M2.75%2,049,613CommonSOLE
G5960L103MDTMedtronic PLC$235.5M2.68%2,701,420CommonSOLE
172967424CCitigroup Inc.$234.7M2.67%2,757,364CommonSOLE
11135F101AVGOBroadcom Ltd.$230.8M2.63%837,455CommonSOLE
617446448MSMorgan Stanley$230.4M2.62%1,636,014CommonSOLE
00206R102TAT&T Inc.$229.9M2.62%7,944,442CommonSOLE
718172109PMPhilip Morris International In$225.8M2.57%1,240,048CommonSOLE
369550108GDGeneral Dynamics Corp.$216.4M2.46%741,984CommonSOLE
75513E101RTXRTX Corp$215.1M2.45%1,473,335CommonSOLE
925652109VICIVici Properties Inc.$209.5M2.39%6,426,523CommonSOLE
G51502105JCIJohnson Controls International$209.5M2.39%1,983,526CommonSOLE
30231G102XOMExxon Mobil Corp.$208.0M2.37%1,929,306CommonSOLE
H1467J104CBChubb Ltd.$201.5M2.29%695,502CommonSOLE
478160104JNJJohnson & Johnson$185.1M2.11%1,211,617CommonSOLE
58933Y105MRKMerck & Co. Inc.$180.2M2.05%2,276,476CommonSOLE
89832Q109TFCTruist Financial Corp$179.0M2.04%4,164,716CommonSOLE
20825C104COPConocoPhillips$173.6M1.98%1,934,767CommonSOLE
20030N101CMCSAComcast Corp. (Cl A)$172.7M1.97%4,838,708CommonSOLE
65339F101NEENextEra Energy Inc.$171.9M1.96%2,476,861CommonSOLE
42250P103DOCHealthpeak Properties Inc$167.9M1.91%9,591,104CommonSOLE
372460105GPCGenuine Parts Co.$164.2M1.87%1,353,327CommonSOLE
904767704Unilever PLC (ADR)$155.8M1.77%2,546,500CommonSOLE
02209S103MOAltria Group Inc.$153.5M1.75%2,617,603CommonSOLE
89417E109TRVThe Travelers Companies Inc.$139.4M1.59%520,886CommonSOLE
911312106UPSUnited Parcel Service Inc.$133.6M1.52%1,323,656CommonSOLE
548661107LOWLowe's Companies Inc.$130.0M1.48%585,937CommonSOLE
166764100CVXChevron Corp.$129.6M1.48%904,996CommonSOLE
22822V101CCICrown Castle Inc.$116.4M1.33%1,132,720CommonSOLE
594918104MSFTMicrosoft Corp.$108.1M1.23%217,237CommonSOLE
87612E106TGTTarget Corp.$95.2M1.08%965,219CommonSOLE
717081103PFEPfizer Inc.$88.3M1.01%3,643,578CommonSOLE
747525103QCOMQualcomm Inc.$86.5M0.98%542,906CommonSOLE
260557103DOWDow Inc$84.3M0.96%3,184,041CommonSOLE
05534B760BCEBCE Inc.$79.8M0.91%3,597,380CommonSOLE
25243Q205DEODiageo PLC (ADR)$78.8M0.90%781,444CommonSOLE
681919106OMCOmnicom Group Inc.$78.0M0.89%1,084,737CommonSOLE
26875P101EOGEOG Resources Inc.$69.0M0.79%576,470CommonSOLE
92343V104VZVerizon Communications Inc.$66.6M0.76%1,538,098CommonSOLE
110448107BTIBritish American Tobacco PLC (ADR)$66.4M0.76%1,401,922CommonSOLE
075887109BDXBecton Dickinson & Co.$63.5M0.72%368,568CommonSOLE
69351T106PPLPPL Corp.$62.6M0.71%1,847,742CommonSOLE
110122108BMYBristol-Myers Squibb Co.$58.4M0.66%1,261,070CommonSOLE
00215W100ASXASE Technology Holding Company (ADR)$57.6M0.66%5,580,176CommonSOLE
636274409NGGNational Grid PLC (ADR)$56.5M0.64%758,795CommonSOLE
205887102CAGConagra Brands Inc.$56.1M0.64%2,740,013CommonSOLE
G25839104CCEPCoca Cola Euro Pacific Partner$53.5M0.61%576,776CommonSOLE
874039100TSMTaiwan Semiconductor Manufacturing (ADR)$53.3M0.61%235,376CommonSOLE
693718108PCARPACCAR Inc.$53.3M0.61%560,405CommonSOLE
871829107SYYSysco Corp.$52.9M0.60%698,965CommonSOLE
49177J102KVUEKenvue Inc$52.0M0.59%2,484,940CommonSOLE
767204100RIORio Tinto PLC (ADR)$51.5M0.59%882,679CommonSOLE
191241108KOFCoca-Cola Femsa SAB de CV (ADR)$51.4M0.58%531,055CommonSOLE
459200101IBMInternational Business Machine$51.0M0.58%173,053CommonSOLE
071813109BAXBaxter International Inc.$50.0M0.57%1,651,542CommonSOLE
49271V100KDPKeurig Dr Pepper Inc$49.5M0.56%1,498,536CommonSOLE
29250N105ENBEnbridge Inc.$48.5M0.55%1,070,038CommonSOLE
693506107PPGPPG Industries Inc.$46.8M0.53%411,757CommonSOLE
45104G104IBNICICI Bank Ltd. (ADR)$46.6M0.53%1,384,763CommonSOLE
693475105PNCThe PNC Financial Services Gro$38.2M0.43%204,875CommonSOLE
780259305SHELShell PLC (ADR)$34.2M0.39%485,378CommonSOLE
71654V408PBRPetroleo Brasileiro SA (ADR)$33.0M0.38%2,636,074CommonSOLE
892331307TMToyota Motor Corp. (ADR)$27.1M0.31%157,494CommonSOLE
655844108NSCNorfolk Southern Corp.$23.6M0.27%92,087CommonSOLE
81369Y852XLCCommunication Services Select$22.4M0.25%205,981CommonSOLE
G8267P108SWSmurfit Westrock PLC$22.2M0.25%514,091CommonNONE
80105N105SNYSanofi (ADR)$21.2M0.24%437,824CommonSOLE
P31076105CPACopa Holdings SA$20.3M0.23%184,228CommonSOLE
81369Y209XLVHealth Care Select Sector SPDR$19.3M0.22%143,463CommonSOLE
89151E109TTENTotalEnergies SE (ADR)$15.5M0.18%252,335CommonSOLE
464286772EWYiShares MSCI South Korea ETF$14.1M0.16%196,402CommonSOLE
518613203LAURLaureate Education Inc.$14.1M0.16%602,831CommonSOLE
97717W422EPIWisdomTree India Earnings Fund$10.0M0.11%210,075CommonSOLE
81369Y605XLFFinancial Select Sector SPDR F$9.7M0.11%185,424CommonSOLE
48241A105KBKB Financial Group Inc. (ADR)$9.2M0.10%111,477CommonSOLE
81369Y704XLIIndustrial Select Sector SPDR$9.0M0.10%61,155CommonSOLE
46434G772EWTiShares MSCI Taiwan ETF$9.0M0.10%156,851CommonSOLE
01609W102BABAAlibaba Group Holding Ltd. (ADR)$7.3M0.08%64,542CommonSOLE
81369Y803XLKTechnology Select Sector SPDR$7.0M0.08%27,478CommonSOLE
68389X105ORCLOracle Corp.$6.4M0.07%29,363CommonSOLE
025816109AXPAmerican Express Co.$5.4M0.06%17,007CommonSOLE
46434G814EWMiShares MSCI Malaysia ETF$5.0M0.06%206,733CommonSOLE
G29183103ETNEaton Corp. PLC$4.7M0.05%13,051CommonSOLE
125523100CIThe Cigna Group$4.6M0.05%13,931CommonSOLE
465562106ITUBItau Unibanco Holding SA (ADR)$4.6M0.05%675,383CommonSOLE
931142103WMTWalmart Inc.$4.3M0.05%44,033CommonSOLE
438516106HONHoneywell International Inc.$4.2M0.05%18,068CommonSOLE
254687106DISThe Walt Disney Co.$4.1M0.05%32,982CommonSOLE
609207105MDLZMondelez International Inc.$4.0M0.05%59,970CommonSOLE
81369Y100XLBMaterials Select Sector SPDR F$4.0M0.05%45,086CommonSOLE
816851109SRESempra$3.7M0.04%48,858CommonSOLE
038222105AMATApplied Materials Inc.$3.7M0.04%20,163CommonSOLE
020002101ALLThe Allstate Corp.$3.7M0.04%18,283CommonSOLE
29273V100ETEnergy Transfer LP$3.5M0.04%192,994CommonSOLE
099724106BWABorgWarner Inc.$3.3M0.04%98,970CommonSOLE
293792107EPDEnterprise Products Partners L$3.3M0.04%106,851CommonSOLE
78468R663BILSPDR Bloomberg 1-3 Month T-Bil$3.3M0.04%35,596CommonSOLE
46429B598INDAiShares MSCI India ETF$3.2M0.04%56,875CommonSOLE
G0750C108AXTAAxalta Coating Systems Ltd.$3.1M0.03%102,987CommonSOLE
042735100ARWArrow Electronics Inc.$2.8M0.03%22,265CommonSOLE
48581R205KSPIKaspi.kz JSC ADR$2.7M0.03%31,846CommonSOLE
695156109PKGPackaging Corp. of America$2.3M0.03%12,254CommonSOLE
754730109RJFRaymond James Financial Inc.$2.2M0.02%14,087CommonSOLE
907818108UNPUnion Pacific Corp.$2.1M0.02%9,210CommonSOLE
580135101MCDMcDonald's Corp.$2.0M0.02%7,001CommonSOLE
832696405SJMThe JM Smucker Co.$2.0M0.02%19,892CommonSOLE
595112103MUMicron Technology Inc.$1.7M0.02%14,180CommonSOLE
369604301GEGeneral Electric Co.$1.7M0.02%6,451CommonSOLE
097023105BABOEING CO/THE$1.6M0.02%7,872CommonSOLE
136375102CNICanadian National Railway Co.$1.6M0.02%15,662CommonSOLE
126408103CSXCSX Corp.$1.6M0.02%49,064CommonSOLE
828806109SPGSimon Property Group Inc.$1.6M0.02%9,896CommonSOLE
02079K305GOOGLAlphabet Inc.$1.5M0.02%8,598CommonSOLE
26614N102DDDuPont De Nemours Inc.$1.5M0.02%21,740CommonSOLE
320517105FHNFirst Horizon Corp.$1.5M0.02%70,211CommonSOLE
742718109PGThe Procter & Gamble Co.$1.5M0.02%9,269CommonSOLE
31620M106FISFidelity National Information$1.4M0.02%17,510CommonSOLE
934423104WBDWarner Brothers Discovery Inc.$1.3M0.01%109,690CommonSOLE
390607109GLDDGreat Lakes Dredge & Dock Corp$1.2M0.01%97,128CommonSOLE
88579Y101MMM3M Co.$1.1M0.01%7,315CommonSOLE
713448108PEPPepsiCo Inc.$1.1M0.01%8,118CommonSOLE
037833100AAPLApple Inc.$1.0M0.01%4,940CommonSOLE
03076K108ABCBAmeris Bancorp$1.0M0.01%15,633CommonSOLE
29670G102WTRGEssential Utilites Inc.$991,7870.01%26,704CommonSOLE
039483102ADMArcher-Daniels-Midland Co.$923,2280.01%17,492CommonSOLE
494368103KMBKimberly-Clark Corp.$885,9550.01%6,870CommonSOLE
81369Y886XLUUtilities Select Sector SPDR F$877,6820.01%10,748CommonSOLE
74460D109PSAPublic Storage$877,6190.01%2,991CommonSOLE
030420103AWKAmerican Water Works Company I$875,1410.01%6,291CommonSOLE
52603B107TREELendingTree Inc.$875,0000.01%23,604CommonSOLE
36828A101GEVGE Vernova LLC$846,6400.01%1,600CommonSOLE
88162G103TTEKTetra Tech Inc.$806,9780.01%22,441CommonSOLE
25961D105DOUGDouglas Elliman Inc.$804,8100.01%346,901CommonSOLE
950810101WSBCWesBanco Inc.$804,3190.01%25,429CommonSOLE
744573106PEGPublic Service Enterprise Grou$757,5360.01%8,999CommonSOLE
21874C102CNMCore & Main Inc$754,0130.01%12,494CommonSOLE
191216100KOThe Coca-Cola Co.$737,8520.01%10,429CommonSOLE
222795502CUZCousins Properties Inc.$731,6810.01%24,365CommonSOLE
G8060N102STSensata Technologies Holding P$716,3770.01%23,792CommonSOLE
00790R104WMSAdvanced Drainage Systems Inc.$690,4230.01%6,011CommonSOLE
57164Y107VACMarriot Vacations Worldwide Co$687,2340.01%9,504CommonSOLE
92338C103VLTOVeralto Corp.$686,8640.01%6,804CommonSOLE
20441A102SBSCompanhia de Saneamento Basico (ADR)$680,7620.01%30,986CommonSOLE
98419M100XYLXylem Inc.$659,8650.01%5,101CommonSOLE
84472E102SSBSouthState Bank Corp.$657,4150.01%7,143CommonSOLE
92936U109WPCWP Carey Inc.$652,9310.01%10,467CommonSOLE
127097103CTRACoterra Energy Inc.$631,8600.01%24,896CommonSOLE
387437205GRTUFGranite Real Estate Investment$622,6810.01%12,315CommonSOLE
500643200KFYKorn Ferry$621,8380.01%8,480CommonSOLE
029899101AWRAmerican States Water Co.$618,9530.01%8,074CommonSOLE
736508847PORPortland General Electric Co.$618,7950.01%15,230CommonSOLE
G7S00T104PNRPentair PLC$613,1880.01%5,973CommonSOLE
51819L107SWIMLatham Group Inc.$602,4570.01%94,429CommonSOLE
431284108HIWHighwoods Properties Inc.$576,4710.01%18,542CommonSOLE
32055Y201FIBKFirst Interstate Bancsystem In$572,8550.01%19,877CommonSOLE
130788102CWTCalifornia Water Service Group$567,9090.01%12,487CommonSOLE
828730200SFNCSimons First National Corp.$567,0370.01%29,907CommonSOLE
81369Y308XLPConsumer Staples Select Sector$549,9480.01%6,792CommonSOLE
293712105EFSCEnterprise Financial Services$469,0660.01%8,513CommonSOLE
G54950103LINLinde PLC$458,0080.01%976CommonSOLE
55305B101MHOM/I Homes Inc.$457,5620.01%4,081CommonSOLE
784305104HTOH2O America$442,1090.01%8,507CommonSOLE
65158N102NMRKNewmark Group Inc.$441,9810.01%36,377CommonSOLE
81617J301WTTRSelect Water Solutions Inc.$436,2600.00%50,493CommonSOLE
81369Y860XLREReal Estate Select Sector SPDR$432,9630.00%10,453CommonSOLE
70932M107PFSIPennyMac Financial Services In$416,9930.00%4,185CommonSOLE
922042858VWOVanguard FTSE Emerging Markets$416,4530.00%8,420CommonSOLE
57638P104MBCMasterbrand Inc.$415,3840.00%38,004CommonSOLE
64361Q101VNOMViper Energy Inc$414,3970.00%10,868CommonSOLE
56117J100MBUUMalibu Boats Inc.$397,5790.00%12,686CommonSOLE
13646K108CPCanadian Pacific Kansas City L$392,6240.00%4,953CommonSOLE
920253101VMIValmont Industries Inc.$381,4340.00%1,168CommonSOLE
962166104WYWeyerhaeuser Co.$369,8590.00%14,397CommonSOLE
G23773107CWCOConsolidated Water Company Ltd$347,5420.00%11,577CommonSOLE
227046109CROXCrocs Inc.$341,2120.00%3,369CommonSOLE
574599106MASMasco Corp.$339,6280.00%5,277CommonSOLE
149123101CATCaterpillar Inc.$337,3540.00%869CommonSOLE
25746U109DDominion Energy Inc.$335,5030.00%5,936CommonSOLE
987184108YORWThe York Water Co.$331,0100.00%10,475CommonSOLE
379463102GWRSGlobal Water Resources Inc.$321,7290.00%31,573CommonSOLE
85472N109STNStantec Inc.$315,4980.00%2,903CommonSOLE
53946R106LDILoanDepot Inc.$309,4330.00%243,648CommonSOLE
74340W103PLDPrologis Inc.$306,9500.00%2,920CommonSOLE
81369Y506XLEEnergy Select Sector SPDR Fund$281,9930.00%3,325CommonSOLE
043113208ARTNAArtesian Resources Corp.$264,6880.00%7,887CommonSOLE
596680108MSEXMiddlesex Water Co.$254,3750.00%4,695CommonSOLE
831865209AOSA.O. Smith Corp.$253,9530.00%3,873CommonSOLE
535555106LNNLindsay Corp.$245,8020.00%1,704CommonSOLE
278865100ECLEcolab Inc.$234,9520.00%872CommonSOLE
81369Y407XLYConsumer Discretionary Select$233,4120.00%1,074CommonSOLE
00287Y109ABBVAbbVie Inc.$231,4680.00%1,247CommonSOLE
737630103PCHPotlatchDeltic Corp$227,3810.00%5,926CommonSOLE
86959K105SUZSuzano SA (ADR)$184,3890.00%19,595CommonSOLE
904311206UAUnder Armour Inc. (class C)$169,7780.00%26,160CommonSOLE
909214306UISUnisys Corp.$108,7150.00%23,999CommonSOLE

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.