Q1 2026 · 13F-HR
Cullen Capital Management, LLCholdings as filed
Filed 2026-05-15 · accession 0001193125-26-225525
$9.75B
Reported value
213
Positions
2026-03-31
Period end
The Brief · Cullen Capital Management, LLC · Q1 2026
AI · grounded in 13F
Cullen Capital Management, LLC established a new position in Restaurant Brands Internationa QSR valued at $81.7M. The fund closed its entire position in PACCAR Inc. PCAR, resulting in a $57.5M reduction. Other notable activity includes increasing share counts for Comcast Corp. (Cl A) CMCSA by 71.9% and United Parcel Service Inc. UPS by 50.1%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 66987V109 | NVS | Novartis AG (ADR) | $311.3M | 3.19% | 2,037,962 | Common | SHARED |
| 17275R102 | CSCO | Cisco Systems Inc. | $282.9M | 2.90% | 3,645,540 | Common | SHARED |
| 478160104 | JNJ | Johnson & Johnson | $272.5M | 2.79% | 1,114,929 | Common | SHARED |
| 30231G102 | XOM | Exxon Mobil Corp. | $254.4M | 2.61% | 1,499,613 | Common | SHARED |
| 060505104 | BAC | Bank of America Corp. | $251.8M | 2.58% | 5,164,917 | Common | SHARED |
| 26441C204 | DUK | Duke Energy Corp. | $251.6M | 2.58% | 1,921,458 | Common | SHARED |
| 172967424 | C | Citigroup Inc. | $251.6M | 2.58% | 2,218,190 | Common | SHARED |
| 58933Y105 | MRK | Merck & Co. Inc. | $249.4M | 2.56% | 2,073,354 | Common | SHARED |
| 46625H100 | JPM | JP Morgan Chase & Co. | $237.9M | 2.44% | 808,648 | Common | SHARED |
| 617446448 | MS | Morgan Stanley | $235.9M | 2.42% | 1,433,565 | Common | SHARED |
| 20825C104 | COP | ConocoPhillips | $235.7M | 2.42% | 1,785,399 | Common | SHARED |
| 369550108 | GD | General Dynamics Corp. | $231.1M | 2.37% | 673,189 | Common | SHARED |
| G5960L103 | MDT | Medtronic PLC | $228.0M | 2.34% | 2,630,944 | Common | SHARED |
| 65339F101 | NEE | NextEra Energy Inc. | $225.4M | 2.31% | 2,427,317 | Common | SHARED |
| 75513E101 | RTX | RTX Corp | $222.2M | 2.28% | 1,152,069 | Common | SHARED |
| G51502105 | JCI | Johnson Controls International | $221.4M | 2.27% | 1,690,728 | Common | SHARED |
| H1467J104 | CB | Chubb Ltd. | $219.7M | 2.25% | 674,033 | Common | SHARED |
| 20030N101 | CMCSA | Comcast Corp. (Cl A) | $205.3M | 2.10% | 7,149,769 | Common | SHARED |
| 89832Q109 | TFC | Truist Financial Corp | $204.8M | 2.10% | 4,454,809 | Common | SHARED |
| 718172109 | PM | Philip Morris International In | $196.3M | 2.01% | 1,187,104 | Common | SHARED |
| 925652109 | VICI | Vici Properties Inc. | $185.5M | 1.90% | 6,788,489 | Common | SHARED |
| 166764100 | CVX | Chevron Corp. | $181.3M | 1.86% | 876,053 | Common | SHARED |
| 42250P103 | DOC | Healthpeak Properties Inc | $180.6M | 1.85% | 10,991,301 | Common | SHARED |
| 00206R102 | T | AT&T Inc. | $165.7M | 1.70% | 5,714,670 | Common | SHARED |
| 372460105 | GPC | Genuine Parts Co. | $165.5M | 1.70% | 1,564,620 | Common | SHARED |
| 11135F101 | AVGO | Broadcom Ltd. | $165.2M | 1.69% | 533,686 | Common | SHARED |
| 911312106 | UPS | United Parcel Service Inc. | $159.7M | 1.64% | 1,623,438 | Common | SHARED |
| 02209S103 | MO | Altria Group Inc. | $156.7M | 1.61% | 2,374,542 | Common | SHARED |
| 904767803 | UL | Unilever PLC (ADR) | $150.8M | 1.55% | 2,647,695 | Common | SHARED |
| 05534B760 | BCE | BCE Inc. | $150.6M | 1.54% | 5,966,886 | Common | SHARED |
| 548661107 | LOW | Lowe's Companies Inc. | $145.2M | 1.49% | 614,677 | Common | SHARED |
| 89417E109 | TRV | The Travelers Companies Inc. | $140.8M | 1.44% | 482,691 | Common | SHARED |
| 87612E106 | TGT | Target Corp. | $137.5M | 1.41% | 1,134,244 | Common | SHARED |
| 91324P102 | UNH | UnitedHealth Group Inc. | $127.9M | 1.31% | 472,736 | Common | SHARED |
| 747525103 | QCOM | Qualcomm Inc. | $115.5M | 1.18% | 897,217 | Common | SHARED |
| 075887109 | BDX | Becton Dickinson & Co. | $114.6M | 1.18% | 729,161 | Common | SHARED |
| 260557103 | DOW | Dow Inc | $106.8M | 1.09% | 2,563,614 | Common | SHARED |
| 22822V101 | CCI | Crown Castle Inc. | $96.6M | 0.99% | 1,188,440 | Common | SHARED |
| 681919106 | OMC | Omnicom Group Inc. | $87.7M | 0.90% | 1,164,690 | Common | SHARED |
| 00215W100 | ASX | ASE Technology Holding Company (ADR) | $87.0M | 0.89% | 4,011,499 | Common | SHARED |
| 76131D103 | QSR | Restaurant Brands Internationa | $81.7M | 0.84% | 1,105,654 | Common | SHARED |
| 110448107 | BTI | British American Tobacco PLC (ADR) | $78.6M | 0.81% | 1,343,678 | Common | SHARED |
| 717081103 | PFE | Pfizer Inc. | $75.6M | 0.78% | 2,693,507 | Common | SHARED |
| 594918104 | MSFT | Microsoft Corp. | $74.6M | 0.77% | 201,639 | Common | SHARED |
| 25243Q205 | DEO | Diageo PLC (ADR) | $71.8M | 0.74% | 964,223 | Common | SHARED |
| 26875P101 | EOG | EOG Resources Inc. | $70.5M | 0.72% | 487,665 | Common | SHARED |
| 110122108 | BMY | Bristol-Myers Squibb Co. | $67.9M | 0.70% | 1,119,669 | Common | SHARED |
| 636274409 | NGG | National Grid PLC (ADR) | $67.2M | 0.69% | 794,204 | Common | SHARED |
| 874039100 | TSM | Taiwan Semiconductor Manufacturing (ADR) | $64.8M | 0.66% | 191,617 | Common | SHARED |
| 892331307 | TM | Toyota Motor Corp. (ADR) | $64.4M | 0.66% | 312,605 | Common | SHARED |
| L6388F110 | TIGO | Millicom Intl Cellular | $62.0M | 0.64% | 827,675 | Common | SHARED |
| 767204100 | RIO | Rio Tinto PLC (ADR) | $61.3M | 0.63% | 656,864 | Common | SHARED |
| 29250N105 | ENB | Enbridge Inc. | $60.8M | 0.62% | 1,122,777 | Common | SHARED |
| 69351T106 | PPL | PPL Corp. | $58.9M | 0.60% | 1,541,645 | Common | SHARED |
| 71654V408 | PBR | Petroleo Brasileiro SA (ADR) | $58.3M | 0.60% | 2,810,725 | Common | SHARED |
| F92124100 | TTE | TotalEnergies SE | $58.2M | 0.60% | 640,080 | Common | SHARED |
| 78468R663 | BIL | State Street SPDR Bloomberg 1- | $52.9M | 0.54% | 577,062 | Common | SHARED |
| G8267P108 | SW | Smurfit Westrock PLC | $49.6M | 0.51% | 1,245,910 | Common | SHARED |
| 438516106 | HON | Honeywell International Inc. | $48.3M | 0.49% | 213,520 | Common | SHARED |
| P31076105 | CPA | Copa Holdings SA | $47.0M | 0.48% | 413,272 | Common | SHARED |
| 49271V100 | KDP | Keurig Dr Pepper Inc | $46.5M | 0.48% | 1,764,275 | Common | SHARED |
| 320517105 | FHN | First Horizon Corp. | $44.7M | 0.46% | 1,964,675 | Common | SHARED |
| 871829107 | SYY | Sysco Corp. | $43.3M | 0.44% | 606,808 | Common | SHARED |
| 026874784 | AIG | American International Group I | $42.9M | 0.44% | 570,513 | Common | SHARED |
| 739239101 | PWCDF | Power Corporation of Canada | $41.7M | 0.43% | 868,276 | Common | SHARED |
| 191241108 | KOF | Coca-Cola Femsa SAB de CV (ADR | $41.3M | 0.42% | 423,141 | Common | SHARED |
| 693506107 | PPG | PPG Industries Inc. | $41.0M | 0.42% | 383,417 | Common | SHARED |
| 459200101 | IBM | International Business Machine | $40.9M | 0.42% | 168,806 | Common | SHARED |
| 92343V104 | VZ | Verizon Communications Inc. | $40.4M | 0.41% | 804,544 | Common | SHARED |
| 693475105 | PNC | The PNC Financial Services Gro | $37.7M | 0.39% | 181,170 | Common | SHARED |
| 907818108 | UNP | Union Pacific Corp. | $36.8M | 0.38% | 151,877 | Common | SHARED |
| 45104G104 | IBN | ICICI Bank Ltd. (ADR) | $33.4M | 0.34% | 1,290,726 | Common | SHARED |
| G25839104 | CCEP | Coca Cola Euro Pacific Partner | $33.1M | 0.34% | 364,518 | Common | SHARED |
| 686330101 | IX | ORIX Corp. (ADR) | $32.4M | 0.33% | 1,080,361 | Common | SHARED |
| 670100205 | NVO | Novo Nordisk A/S (ADR) | $29.1M | 0.30% | 792,355 | Common | SHARED |
| 80105N105 | SNY | Sanofi (ADR) | $28.6M | 0.29% | 593,301 | Common | SHARED |
| 464286772 | EWY | iShares MSCI South Korea ETF | $27.9M | 0.29% | 226,640 | Common | SHARED |
| 780259305 | SHEL | Shell PLC (ADR) | $27.8M | 0.29% | 299,034 | Common | SHARED |
| 46434G772 | EWT | iShares MSCI Taiwan ETF | $11.0M | 0.11% | 155,514 | Common | SHARED |
| 48241A105 | KB | KB Financial Group Inc. (ADR) | $10.6M | 0.11% | 106,751 | Common | SHARED |
| 15234Q207 | AXIA | Axia Energia ADR | $8.3M | 0.08% | 734,134 | Common | SHARED |
| 465562106 | ITUB | Itau Unibanco Holding SA (ADR) | $7.4M | 0.08% | 878,679 | Common | SHARED |
| 038222105 | AMAT | Applied Materials Inc. | $6.4M | 0.07% | 18,868 | Common | SHARED |
| 464288877 | EFV | iShares MSCI EAFE Value ETF | $5.8M | 0.06% | 78,655 | Common | SHARED |
| 48268K101 | KT | KT Corp. (ADR) | $5.6M | 0.06% | 262,896 | Common | SHARED |
| G29183103 | ETN | Eaton Corp. PLC | $5.2M | 0.05% | 14,519 | Common | SHARED |
| 931142103 | WMT | Walmart Inc. | $5.2M | 0.05% | 41,524 | Common | SHARED |
| 099724106 | BWA | BorgWarner Inc. | $4.9M | 0.05% | 90,223 | Common | SHARED |
| 97717W422 | EPI | WisdomTree India Earnings Fund | $4.7M | 0.05% | 114,147 | Common | SHARED |
| 025816109 | AXP | American Express Co. | $4.4M | 0.04% | 14,480 | Common | SHARED |
| 29273V100 | ET | Energy Transfer LP | $4.1M | 0.04% | 209,917 | Common | SHARED |
| 125523100 | CI | The Cigna Group | $3.9M | 0.04% | 14,497 | Common | SHARED |
| 293792107 | EPD | Enterprise Products Partners L | $3.8M | 0.04% | 99,815 | Common | SHARED |
| 254687106 | DIS | The Walt Disney Co. | $3.8M | 0.04% | 38,931 | Common | SHARED |
| 020002101 | ALL | The Allstate Corp. | $3.5M | 0.04% | 17,100 | Common | SHARED |
| 609207105 | MDLZ | Mondelez International Inc. | $3.4M | 0.03% | 58,723 | Common | SHARED |
| 464286640 | ECH | iShares MSCI Chile ETF | $3.3M | 0.03% | 83,412 | Common | SHARED |
| 042735100 | ARW | Arrow Electronics Inc. | $3.1M | 0.03% | 21,345 | Common | SHARED |
| 68389X105 | ORCL | Oracle Corp. | $3.0M | 0.03% | 20,433 | Common | SHARED |
| G0750C108 | AXTA | Axalta Coating Systems Ltd. | $2.7M | 0.03% | 98,177 | Common | SHARED |
| 816851109 | SRE | Sempra | $2.7M | 0.03% | 27,428 | Common | SHARED |
| 695156109 | PKG | Packaging Corp. of America | $2.5M | 0.03% | 11,803 | Common | SHARED |
| 754730109 | RJF | Raymond James Financial Inc. | $2.4M | 0.03% | 16,866 | Common | SHARED |
| 832696405 | SJM | The JM Smucker Co. | $2.2M | 0.02% | 22,987 | Common | SHARED |
| 464287598 | IWD | iShares Russell 1000 Value ETF | $2.1M | 0.02% | 10,026 | Common | SHARED |
| 136375102 | CNI | Canadian National Railway Co. | $2.0M | 0.02% | 19,062 | Common | SHARED |
| 02079K305 | GOOGL | Alphabet Inc. | $1.9M | 0.02% | 6,643 | Common | SHARED |
| 126408103 | CSX | CSX Corp. | $1.9M | 0.02% | 46,062 | Common | SHARED |
| 828806109 | SPG | Simon Property Group Inc. | $1.8M | 0.02% | 9,821 | Common | SHARED |
| 81369Y860 | XLRE | State Street Real Estate Selec | $1.8M | 0.02% | 43,962 | Common | SHARED |
| 595112103 | MU | Micron Technology Inc. | $1.7M | 0.02% | 4,897 | Common | SHARED |
| 039483102 | ADM | Archer-Daniels-Midland Co. | $1.6M | 0.02% | 21,881 | Common | SHARED |
| 518613203 | LAUR | Laureate Education Inc. | $1.6M | 0.02% | 44,928 | Common | SHARED |
| 097023105 | BA | BOEING CO/THE | $1.5M | 0.02% | 7,671 | Common | SHARED |
| 580135101 | MCD | McDonald's Corp. | $1.4M | 0.01% | 4,366 | Common | SHARED |
| 46429B598 | INDA | iShares MSCI India ETF | $1.3M | 0.01% | 28,388 | Common | SHARED |
| 464287234 | EEM | iShares MSCI Emerging Markets | $1.2M | 0.01% | 20,700 | Common | SHARED |
| 98978V103 | ZTS | Zoetis Inc. | $1.1M | 0.01% | 9,409 | Common | SHARED |
| 00724F101 | ADBE | Adobe Systems Inc. | $1.1M | 0.01% | 4,457 | Common | SHARED |
| 29670G102 | WTRG | Essential Utilites Inc. | $1.1M | 0.01% | 26,902 | Common | SHARED |
| 81369Y209 | XLV | State Street Health Care Selec | $1.1M | 0.01% | 7,380 | Common | SHARED |
| 26614N102 | DD | DuPont De Nemours Inc. | $1.1M | 0.01% | 23,290 | Common | SHARED |
| 31620M106 | FIS | Fidelity National Information | $1.1M | 0.01% | 22,665 | Common | SHARED |
| G8060N102 | ST | Sensata Technologies Holding P | $1.1M | 0.01% | 29,930 | Common | SHARED |
| 98419M100 | XYL | Xylem Inc. | $1.0M | 0.01% | 8,775 | Common | SHARED |
| 189054109 | CLX | The Clorox Co. | $1.0M | 0.01% | 10,018 | Common | SHARED |
| 05368V106 | AVNT | Avient Corp. | $1.0M | 0.01% | 27,960 | Common | SHARED |
| 713448108 | PEP | PepsiCo Inc. | $966,525 | 0.01% | 6,224 | Common | SHARED |
| 81369Y308 | XLP | State Street Consumer Staples | $959,412 | 0.01% | 11,703 | Common | SHARED |
| 464288240 | ACWX | iShares MSCI ACWI ex US ETF | $945,297 | 0.01% | 13,806 | Common | SHARED |
| 92936U109 | WPC | WP Carey Inc. | $939,003 | 0.01% | 13,817 | Common | SHARED |
| 92338C103 | VLTO | Veralto Corp. | $933,273 | 0.01% | 10,555 | Common | SHARED |
| 20441A102 | SBS | Companhia de Saneamento Basico (ADR) | $870,908 | 0.01% | 28,545 | Common | SHARED |
| 57164Y107 | VAC | Marriot Vacations Worldwide Co | $861,342 | 0.01% | 13,227 | Common | SHARED |
| 15236F100 | AXIA/PC | Axia Energia Preferred C (ADR) | $859,808 | 0.01% | 78,737 | Common | SHARED |
| 52603B107 | TREE | LendingTree Inc. | $855,070 | 0.01% | 19,941 | Common | SHARED |
| G7S00T104 | PNR | Pentair PLC | $848,103 | 0.01% | 9,736 | Common | SHARED |
| 81369Y407 | XLY | State Street Consumer Discreti | $813,863 | 0.01% | 7,468 | Common | SHARED |
| 81369Y704 | XLI | State Street Industrial Select | $798,138 | 0.01% | 4,935 | Common | SHARED |
| 81369Y803 | XLK | State Street Technology Select | $745,037 | 0.01% | 5,606 | Common | SHARED |
| 029899101 | AWR | American States Water Co. | $740,395 | 0.01% | 9,791 | Common | SHARED |
| 030420103 | AWK | American Water Works Company I | $726,176 | 0.01% | 5,336 | Common | SHARED |
| 744573106 | PEG | Public Service Enterprise Grou | $724,341 | 0.01% | 8,948 | Common | SHARED |
| 03076K108 | ABCB | Ameris Bancorp | $721,485 | 0.01% | 9,251 | Common | SHARED |
| 55305B101 | MHO | M/I Homes Inc. | $721,108 | 0.01% | 5,889 | Common | SHARED |
| 25961D105 | DOUG | Douglas Elliman Inc. | $677,689 | 0.01% | 413,225 | Common | SHARED |
| 191216100 | KO | The Coca-Cola Co. | $675,248 | 0.01% | 8,879 | Common | SHARED |
| 784305104 | HTO | H2O America | $672,241 | 0.01% | 11,458 | Common | SHARED |
| 037833100 | AAPL | Apple Inc. | $670,006 | 0.01% | 2,640 | Common | SHARED |
| 73278L105 | POOL | Pool Corp. | $654,740 | 0.01% | 3,236 | Common | SHARED |
| 81369Y852 | XLC | State Street Communication Ser | $651,635 | 0.01% | 5,878 | Common | SHARED |
| 21874C102 | CNM | Core & Main Inc | $637,556 | 0.01% | 12,906 | Common | SHARED |
| 950810101 | WSBC | WesBanco Inc. | $634,306 | 0.01% | 18,391 | Common | SHARED |
| 32055Y201 | FIBK | First Interstate Bancsystem In | $614,326 | 0.01% | 18,393 | Common | SHARED |
| 85472N109 | STN | Stantec Inc. | $603,072 | 0.01% | 6,980 | Common | SHARED |
| 88162G103 | TTEK | Tetra Tech Inc. | $597,490 | 0.01% | 19,837 | Common | SHARED |
| 130788102 | CWT | California Water Service Group | $593,002 | 0.01% | 13,079 | Common | SHARED |
| 00790R104 | WMS | Advanced Drainage Systems Inc. | $585,271 | 0.01% | 4,268 | Common | SHARED |
| 51819L107 | SWIM | Latham Group Inc. | $576,706 | 0.01% | 107,394 | Common | SHARED |
| 84472E102 | SSB | SouthState Bank Corp. | $565,112 | 0.01% | 6,108 | Common | SHARED |
| 81617J301 | WTTR | Select Water Solutions Inc. | $530,344 | 0.01% | 34,663 | Common | SHARED |
| 222795502 | CUZ | Cousins Properties Inc. | $527,032 | 0.01% | 23,351 | Common | SHARED |
| 742718109 | PG | The Procter & Gamble Co. | $513,629 | 0.01% | 3,556 | Common | SHARED |
| 447011107 | HUN | Huntsman Corp. | $509,334 | 0.01% | 38,267 | Common | SHARED |
| 747316107 | KWR | Quaker Chemical Corp. | $507,976 | 0.01% | 4,089 | Common | SHARED |
| 127097103 | CTRA | Coterra Energy Inc. | $507,457 | 0.01% | 14,441 | Common | SHARED |
| 57638P104 | MBC | Masterbrand Inc. | $502,381 | 0.01% | 60,455 | Common | SHARED |
| 70932M107 | PFSI | PennyMac Financial Services In | $501,938 | 0.01% | 5,743 | Common | SHARED |
| 828730200 | SFNC | Simons First National Corp. | $497,939 | 0.01% | 25,601 | Common | SHARED |
| 390607109 | GLDD | Great Lakes Dredge & Dock Corp | $492,371 | 0.01% | 28,963 | Common | SHARED |
| 068463108 | BBSI | Barrett Business Services Inc. | $452,640 | 0.00% | 15,512 | Common | SHARED |
| 736508847 | POR | Portland General Electric Co. | $404,851 | 0.00% | 7,672 | Common | SHARED |
| 077454106 | BDC | Belden Inc. | $403,742 | 0.00% | 3,516 | Common | SHARED |
| 74340W103 | PLD | Prologis Inc. | $385,966 | 0.00% | 2,920 | Common | SHARED |
| 13646K108 | CP | Canadian Pacific Kansas City L | $385,749 | 0.00% | 4,904 | Common | SHARED |
| 464288174 | WOOD | iShares Global Timber & Forest | $385,256 | 0.00% | 5,430 | Common | SHARED |
| 53946R106 | LDI | LoanDepot Inc. | $377,159 | 0.00% | 265,605 | Common | SHARED |
| 73933G202 | PSIX | Power Solutions International | $370,759 | 0.00% | 6,090 | Common | SHARED |
| 987184108 | YORW | The York Water Co. | $359,523 | 0.00% | 11,807 | Common | SHARED |
| 81369Y605 | XLF | State Street Financial Select | $356,550 | 0.00% | 7,222 | Common | SHARED |
| 962166104 | WY | Weyerhaeuser Co. | $349,764 | 0.00% | 14,317 | Common | SHARED |
| 83443Q103 | SOLS | Solstice Advanced Materials In | $343,939 | 0.00% | 4,516 | Common | SHARED |
| 126650100 | CVS | CVS Health Corp. | $340,786 | 0.00% | 4,745 | Common | SHARED |
| 64361Q101 | VNOM | Viper Energy Inc | $333,770 | 0.00% | 7,103 | Common | SHARED |
| 25746U109 | D | Dominion Energy Inc. | $331,108 | 0.00% | 5,356 | Common | SHARED |
| G23773107 | CWCO | Consolidated Water Company Ltd | $330,240 | 0.00% | 9,971 | Common | SHARED |
| 293712105 | EFSC | Enterprise Financial Services | $325,580 | 0.00% | 6,017 | Common | SHARED |
| 464287390 | ILF | iShares S&P Latin America 40 E | $323,516 | 0.00% | 9,108 | Common | SHARED |
| 056525108 | BMI | Badger Meter Inc. | $318,716 | 0.00% | 2,092 | Common | SHARED |
| 00287Y109 | ABBV | AbbVie Inc. | $312,533 | 0.00% | 1,437 | Common | SHARED |
| 34964C106 | FBIN | Fortune Brands Innovations Inc | $306,889 | 0.00% | 7,875 | Common | SHARED |
| 941848103 | WAT | Waters Corp. | $303,845 | 0.00% | 1,020 | Common | SHARED |
| 431284108 | HIW | Highwoods Properties Inc. | $292,482 | 0.00% | 13,661 | Common | SHARED |
| 56117J100 | MBUU | Malibu Boats Inc. | $288,386 | 0.00% | 11,126 | Common | SHARED |
| 831865209 | AOS | A.O. Smith Corp. | $287,630 | 0.00% | 4,362 | Common | SHARED |
| 800422107 | JBSS | John B. Sanfilippo & Son Inc. | $282,811 | 0.00% | 3,565 | Common | SHARED |
| 043113208 | ARTNA | Artesian Resources Corp. | $281,204 | 0.00% | 8,829 | Common | SHARED |
| 596680108 | MSEX | Middlesex Water Co. | $272,950 | 0.00% | 5,244 | Common | SHARED |
| 278865100 | ECL | Ecolab Inc. | $257,241 | 0.00% | 967 | Common | SHARED |
| 920253101 | VMI | Valmont Industries Inc. | $256,924 | 0.00% | 643 | Common | SHARED |
| 78454L100 | SM | SM Energy Co. | $255,863 | 0.00% | 8,206 | Common | SHARED |
| 379463102 | GWRS | Global Water Resources Inc. | $254,447 | 0.00% | 33,524 | Common | SHARED |
| 65158N102 | NMRK | Newmark Group Inc. | $253,931 | 0.00% | 16,940 | Common | SHARED |
| 78467X109 | DIA | SPDR Dow Jones Industrial Aver | $240,859 | 0.00% | 520 | Common | SHARED |
| 146229109 | CRI | Carter's Inc. | $230,151 | 0.00% | 6,436 | Common | SHARED |
| 666807102 | NOC | Northrop Grumman Corp. | $227,868 | 0.00% | 334 | Common | SHARED |
| 92214X106 | VREX | Varex Imaging Corp. | $224,094 | 0.00% | 21,121 | Common | SHARED |
| 008492100 | ADC | Agree Realty Corp. | $222,371 | 0.00% | 2,950 | Common | SHARED |
| 754907103 | RYN | Rayonier Inc. | $222,201 | 0.00% | 10,776 | Common | SHARED |
| 535555106 | LNN | Lindsay Corp. | $220,041 | 0.00% | 1,848 | Common | SHARED |
| 29670E107 | EPRT | Essential Properties Realty Tr | $216,163 | 0.00% | 7,120 | Common | SHARED |
| 86959K105 | SUZ | Suzano SA (ADR) | $214,614 | 0.00% | 21,440 | Common | SHARED |
| 654902204 | NOK | Nokia OYJ (ADR) | $96,962 | 0.00% | 12,060 | Common | SHARED |
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.