Fund Holdings

Cullen Capital Management, LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
Restaurant Brands Internationa(QSR)01,105,654+1,105,654081,707,8310.84%+81,707,831
Comcast Corp. (Cl A)(CCZ)4,159,3127,149,769+2,990,457124,321,848205,269,8732.10%+80,948,025
ConocoPhillips(COP)1,915,0531,785,399-129,654179,268,116235,672,6132.42%+56,404,497
Dow Inc(DOW)2,257,4812,563,614+306,13352,779,911106,774,5421.09%+53,994,631
United Parcel Service Inc.(UPS)1,081,4671,623,438+541,971107,270,729159,713,7941.64%+52,443,065
State Street SPDR Bloomberg 1-
ST STR BLO 1 ETF
11,271577,062+565,7911,029,94452,881,9620.54%+51,852,018
Exxon Mobil Corp.1,693,1381,499,613-193,525203,752,181254,424,4112.61%+50,672,230
Chevron Corp.(CVX)870,778876,053+5,275132,715,276181,255,3481.86%+48,540,072
Target Corp.(TGT)925,4421,134,244+208,80290,461,934137,470,4131.41%+47,008,479
TotalEnergies SE(TTE)199,123640,080+440,95713,026,60058,234,5000.60%+45,207,900
Honeywell International Inc.(HON)18,068213,520+195,4523,524,70548,261,9260.49%+44,737,221
Power Corporation of Canada0868,276+868,276041,738,0350.43%+41,738,035
Johnson & Johnson(JNJ)1,159,0461,114,929-44,117239,864,600272,533,2872.79%+32,668,687
ORIX Corp. (ADR)(IX)01,080,361+1,080,361032,400,0260.33%+32,400,026
Healthpeak Properties Inc(DOC)9,247,34410,991,301+1,743,957148,697,284180,587,0831.85%+31,889,799
Petroleo Brasileiro SA (ADR)(PBR)2,271,2692,810,725+539,45626,914,53958,322,5360.60%+31,407,997
Duke Energy Corp.(DUK)1,906,7171,921,458+14,741223,486,340251,595,7322.58%+28,109,392
NextEra Energy Inc.(NEE)2,460,0532,427,317-32,736197,493,039225,449,1832.31%+27,956,144
Copa Holdings SA(CPA)163,557413,272+249,71519,726,61046,951,8320.48%+27,225,222
Millicom Intl Cellular
COM STK
656,608827,675+171,06736,402,34862,025,9650.64%+25,623,617
Vici Properties Inc.(VICI)5,688,5406,788,489+1,099,949159,961,742185,461,5331.90%+25,499,791
Novartis AG (ADR)(NVS)2,080,7962,037,962-42,834286,879,293311,298,7493.19%+24,419,456
AT&T Inc.(T)5,714,5155,714,670+155141,948,554165,668,2851.70%+23,719,731
Pfizer Inc.(PFE)2,097,3312,693,507+596,17652,223,54675,633,6740.78%+23,410,128
EOG Resources Inc.(EOG)452,854487,665+34,81147,554,14670,501,6570.72%+22,947,511
Altria Group Inc.(MO)2,338,0762,374,542+36,466134,813,468156,696,0041.61%+21,882,536
Rio Tinto PLC (ADR)(RIO)498,868656,864+157,99639,924,39461,278,8760.63%+21,354,482
UnitedHealth Group Inc.(UNH)332,894472,736+139,842109,891,509127,917,7471.31%+18,026,238
Diageo PLC (ADR)(DEO)650,211964,223+314,01256,093,67971,786,4240.74%+15,692,745
BCE Inc.(BCE)5,693,6935,966,886+273,193135,623,760150,604,2081.54%+14,980,448
Johnson Controls International
SHS
1,728,7941,690,728-38,066207,023,024221,400,8512.27%+14,377,827
Smurfit Westrock PLC(SW)924,4481,245,910+321,46235,748,39149,649,5320.51%+13,901,141
Toyota Motor Corp. (ADR)(TM)236,355312,605+76,25050,594,20964,424,7620.66%+13,830,553
Sanofi (ADR)(SNY)360,777593,301+232,52417,483,27528,585,2420.29%+11,101,967
Enbridge Inc.(ENB)1,063,9051,122,777+58,87250,886,56860,787,1710.62%+9,900,603
National Grid PLC (ADR)(NGG)761,975794,204+32,22958,938,75567,189,6280.69%+8,250,873
Merck & Co. Inc.(MRK)2,291,0412,073,354-217,687241,154,947249,403,7642.56%+8,248,817
Unilever PLC (ADR)(UL)2,186,7912,647,695+460,904143,016,155150,839,2091.55%+7,823,054
Chubb Ltd.
COM
681,729674,033-7,696212,781,331219,687,5222.25%+6,906,191
PPL Corp.(PPL)1,509,4261,541,645+32,21952,860,09358,890,8230.60%+6,030,730
KT Corp. (ADR)(KT)11,530262,896+251,366218,7245,639,1190.06%+5,420,395
Axia Energia ADR(AXIA)330,217734,134+403,9173,024,7888,281,0320.08%+5,256,244
Philip Morris International In(PM)1,191,5671,187,104-4,463191,127,367196,275,7812.01%+5,148,414
Keurig Dr Pepper Inc(KDP)1,478,7261,764,275+285,54941,419,11546,453,3730.48%+5,034,258
Bristol-Myers Squibb Co.(BMY)1,176,7261,119,669-57,05763,472,59967,907,9230.70%+4,435,324
RTX Corp(RTX)1,190,1911,152,069-38,122218,281,060222,234,0572.28%+3,952,997
iShares MSCI Chile ETF083,412+83,41203,316,4610.03%+3,316,461
British American Tobacco PLC (ADR)(BTI)1,334,9631,343,678+8,71575,585,62378,564,8700.81%+2,979,247
Itau Unibanco Holding SA (ADR)(ITUB)685,872878,679+192,8074,910,8447,363,3300.08%+2,452,486
Crown Castle Inc.(CCI)1,066,3891,188,440+122,05194,769,97796,632,0670.99%+1,862,090
Energy Transfer LP(ET)134,221209,917+75,6962,213,3044,051,3980.04%+1,838,094
iShares MSCI South Korea ETF269,232226,640-42,59226,174,73527,878,9860.29%+1,704,251
PPG Industries Inc.(PPG)386,150383,417-2,73339,564,97240,979,5900.42%+1,414,618
Applied Materials Inc.20,11018,868-1,2425,168,0696,448,8940.07%+1,280,825
Enterprise Products Partners L(EPD)78,20399,815+21,6122,507,1883,777,0000.04%+1,269,812
Novo Nordisk A/S (ADR)(NVO)547,520792,355+244,83527,857,82229,119,0600.30%+1,261,238
iShares MSCI Taiwan ETF
MSCI TAIWAN ETF
154,975155,514+5399,845,56211,029,0530.11%+1,183,491
Coca-Cola Femsa SAB de CV (ADR(KOF)423,641423,141-50040,123,01341,277,3810.42%+1,154,368
KB Financial Group Inc. (ADR)(KB)110,730106,751-3,9799,527,20910,646,2770.11%+1,119,068
Zoetis Inc.(ZTS)09,409+9,40901,112,2380.01%+1,112,238
Genuine Parts Co.(GPC)1,336,5901,564,620+228,030164,347,149165,458,5591.70%+1,111,410
The Clorox Co.(CLX)010,018+10,01801,038,1650.01%+1,038,165
BorgWarner Inc.88,81190,223+1,4124,001,8244,895,5000.05%+893,676
Union Pacific Corp.(UNP)155,665151,877-3,78836,008,42836,848,3980.38%+839,970
The JM Smucker Co.(SJM)15,30422,987+7,6831,496,8842,216,8660.02%+719,982
Arrow Electronics Inc.21,84821,345-5032,407,2133,061,0860.03%+653,873
American International Group I494,273570,513+76,24042,285,05542,931,1030.44%+646,048
Eaton Corp. PLC(ETN)14,30414,519+2154,555,9675,193,0110.05%+637,044
WisdomTree India Earnings Fund(WT)88,959114,147+25,1884,117,9124,657,1980.05%+539,286
Sempra(SRE)24,45027,428+2,9782,158,6912,665,1790.03%+506,488
Walmart Inc.(WMT)42,01941,524-4954,681,7575,160,1870.05%+478,430
Barrett Business Services Inc.015,512+15,5120452,6400.00%+452,640
State Street Technology Select
ST STR TECHN ETF
2,1345,606+3,472307,232745,0370.01%+437,805
Omnicom Group Inc.(OMC)1,080,9781,164,690+83,71287,288,93887,712,8030.90%+423,865
Belden Inc.03,516+3,5160403,7420.00%+403,742
Power Solutions International06,090+6,0900370,7590.00%+370,759
Mondelez International Inc.(MDLZ)56,13758,723+2,5863,021,8553,384,7940.03%+362,939
iShares S&P Latin America 40 E09,108+9,1080323,5160.00%+323,516
Badger Meter Inc.02,092+2,0920318,7160.00%+318,716
H2O America(HTO)7,34211,458+4,116359,685672,2410.01%+312,556
Raymond James Financial Inc.(RJF)13,28416,866+3,5822,133,2782,442,0280.03%+308,750
Huntsman Corp.(HUN)20,23138,267+18,036202,310509,3340.01%+307,024
Fortune Brands Innovations Inc(FBIN)07,875+7,8750306,8890.00%+306,889
Waters Corp.(WAT)01,020+1,0200303,8450.00%+303,845
Archer-Daniels-Midland Co.22,51821,881-6371,294,5601,590,5300.02%+295,970
Stantec Inc.(STN)3,2926,980+3,688310,633603,0720.01%+292,439
California Water Service Group(CWT)7,12513,079+5,954308,726593,0020.01%+284,276
Xylem Inc.(XYL)5,6518,775+3,124769,5531,048,6130.01%+279,060
SM Energy Co.(SM)08,206+8,2060255,8630.00%+255,863
PennyMac Financial Services In(PFSI)1,9375,743+3,806255,374501,9380.01%+246,564
SPDR Dow Jones Industrial Aver(DIA)0520+5200240,8590.00%+240,859
CSX Corp.(CSX)45,85446,062+2081,662,2081,890,8450.02%+228,637
Northrop Grumman Corp.(NOC)0334+3340227,8680.00%+227,868
Rayonier Inc.(RYN)010,776+10,7760222,2010.00%+222,201
Suzano SA (ADR)(SUZ)021,440+21,4400214,6140.00%+214,614
Avient Corp.(AVNT)26,03927,960+1,921813,4581,014,9480.01%+201,490
Pool Corp.(POOL)2,0013,236+1,235457,729654,7400.01%+197,011
American States Water Co.7,9439,791+1,848575,709740,3950.01%+164,686
Pentair PLC(PNR)6,5719,736+3,165684,304848,1030.01%+163,799
Veralto Corp.(VLTO)7,73610,555+2,819771,898933,2730.01%+161,375
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