Fund HoldingsCullen Capital Management, LLC

Total Portfolio Value
$8.78B
Total Bought
$694.08M
Total Sold
$1.09B
Net Transaction
-$398.89M
Filing Period:
Securities
SharesValue ($K)
Q1 2025
Q2 2025
Change
Q1 2025
Q2 2025
Weight (%)
Change
Broadcom Ltd.(AVGO)0837,455+837,4550230,8452.63%+230,845
Becton Dickinson & Co.(BDX)0368,568+368,568063,4860.72%+63,486
National Grid PLC (ADR)(NGG)0758,795+758,795056,4620.64%+56,462
Conagra Brands Inc.(CAG)02,740,013+2,740,013056,0880.64%+56,088
PACCAR Inc.(PCAR)0560,405+560,405053,2720.61%+53,272
AT&T Inc.(T)6,359,2227,944,442+1,585,220179,839229,9122.62%+50,073
PPG Industries Inc.(PPG)0411,757+411,757046,8370.53%+46,837
JP Morgan Chase & Co.(JPM)01,047,243+1,047,2430303,6063.46%+303,606
ConocoPhillips(COP)1,266,9261,934,767+667,841133,053173,6261.98%+40,573
Morgan Stanley(MS)01,636,014+1,636,0140230,4492.62%+230,449
Citigroup Inc.(C)02,757,364+2,757,3640234,7072.67%+234,707
Bank of America Corp.05,507,486+5,507,4860260,6142.97%+260,614
Taiwan Semiconductor Manufacturing (ADR)(TSM)0235,376+235,376053,3100.61%+53,310
Microsoft Corp.(MSFT)0217,237+217,2370108,0561.23%+108,056
Norfolk Southern Corp.(NSC)092,087+92,087023,5720.27%+23,572
Cisco Systems Inc.(CSCO)04,035,596+4,035,5960279,9903.19%+279,990
Communication Services Select
ST STR SVC ETF
0205,981+205,981022,3550.25%+22,355
Philip Morris International In(PM)01,240,048+1,240,0480225,8502.57%+225,850
Novartis AG (ADR)(NVS)2,108,6842,096,852-11,832235,076253,7402.89%+18,664
Health Care Select Sector SPDR
ST STR CARE ETF
0143,463+143,463019,3370.22%+19,337
ASE Technology Holding Company (ADR)(ASX)05,580,176+5,580,176057,6430.66%+57,643
British American Tobacco PLC (ADR)(BTI)1,199,5821,401,922+202,34049,62766,3530.76%+16,726
Copa Holdings SA(CPA)87,260184,228+96,9688,06820,2600.23%+12,191
Enbridge Inc.(ENB)826,6541,070,038+243,38436,62948,4940.55%+11,865
General Dynamics Corp.(GD)752,071741,984-10,087204,999216,4072.46%+11,408
Qualcomm Inc.(QCOM)493,511542,906+49,39575,80886,4630.98%+10,655
Financial Select Sector SPDR F
ST STR FINL ETF
0185,424+185,42409,7110.11%+9,711
iShares MSCI South Korea ETF101,217196,402+95,1855,47014,0980.16%+8,628
Industrial Select Sector SPDR
ST STR INDL ETF
061,155+61,15509,0220.10%+9,022
Technology Select Sector SPDR
ST STR TECHN ETF
027,478+27,47806,9580.08%+6,958
Itau Unibanco Holding SA (ADR)(ITUB)0675,383+675,38304,5860.05%+4,586
Coca Cola Euro Pacific Partner
SHS
563,792576,776+12,98449,06753,4790.61%+4,412
International Business Machine(IBM)187,670173,053-14,61746,66651,0130.58%+4,347
KB Financial Group Inc. (ADR)(KB)0111,477+111,47709,2070.10%+9,207
Coca-Cola Femsa SAB de CV (ADR)(KOF)518,743531,055+12,31247,35651,3690.58%+4,013
The PNC Financial Services Gro(PNC)197,397204,875+7,47834,69638,1930.43%+3,496
Materials Select Sector SPDR F
ST STR MATER ETF
045,086+45,08603,9590.05%+3,959
Lowe's Companies Inc.(LOW)0585,937+585,9370130,0021.48%+130,002
iShares MSCI Taiwan ETF
MSCI TAIWAN ETF
0156,851+156,85109,0030.10%+9,003
Genuine Parts Co.(GPC)1,352,5901,353,327+737161,148164,1721.87%+3,025
ICICI Bank Ltd. (ADR)(IBN)1,383,7211,384,763+1,04243,61546,5830.53%+2,969
Oracle Corp.(ORCL)029,363+29,36306,4200.07%+6,420
WisdomTree India Earnings Fund(WT)0210,075+210,07509,9720.11%+9,972
Crown Castle Inc.(CCI)1,101,7891,132,720+30,931114,839116,3641.33%+1,525
Sysco Corp.(SYY)685,214698,965+13,75151,41852,9400.60%+1,521
SPDR Bloomberg 1-3 Month T-Bil
ST STR BLO 1 ETF
22,35935,596+13,2372,0513,2650.04%+1,214
Unilever PLC (ADR)(UL)2,596,9462,546,500-50,446154,648155,7691.77%+1,121
Eaton Corp. PLC(ETN)013,051+13,05104,6590.05%+4,659
The Walt Disney Co.(DIS)032,982+32,98204,0900.05%+4,090
American Express Co.(AXP)017,007+17,00705,4250.06%+5,425
Utilities Select Sector SPDR F
ST STR UTIL ETF
010,748+10,74808780.01%+878
Applied Materials Inc.020,163+20,16303,6910.04%+3,691
TotalEnergies SE (ADR)(TTE)0252,335+252,335015,4910.18%+15,491
Public Storage(PSA)02,991+2,99108780.01%+878
SouthState Bank Corp.07,143+7,14306570.01%+657
Micron Technology Inc.(MU)13,21514,180+9651,1481,7480.02%+599
BorgWarner Inc.098,970+98,97003,3140.04%+3,314
Arrow Electronics Inc.022,265+22,26502,8370.03%+2,837
Companhia de Saneamento Basico (ADR)(SBS)11,76230,986+19,2242106810.01%+471
Shell PLC (ADR)(SHEL)460,039485,378+25,33933,71234,1750.39%+464
Newmark Group Inc.(NMRK)036,377+36,37704420.01%+442
Real Estate Select Sector SPDR
ST STR REAL ETF
010,453+10,45304330.00%+433
Viper Energy Inc(VNOM)010,868+10,86804140.00%+414
United Parcel Service Inc.(UPS)1,211,0141,323,656+112,642133,199133,6101.52%+410
Tetra Tech Inc.(TTEK)14,35722,441+8,0844208070.01%+387
General Electric Co.(GE)6,4516,45101,2911,6600.02%+369
GE Vernova LLC(GEV)01,600+1,60008470.01%+847
Honeywell International Inc.(HON)018,068+18,06804,2090.05%+4,209
Raymond James Financial Inc.(RJF)014,087+14,08702,1610.02%+2,161
BOEING CO/THE(BA)07,872+7,87201,6490.02%+1,649
WP Carey Inc.(WPC)5,72810,467+4,7393616530.01%+291
iShares MSCI India ETF
MSCI INDIA ETF
056,875+56,87503,1670.04%+3,167
Alphabet Inc.(GOOG)08,598+8,59801,5150.02%+1,515
CSX Corp.(CSX)45,70449,064+3,3601,3451,6010.02%+256
Granite Real Estate Investment(GRTUF)8,19012,315+4,1253846230.01%+239
Core & Main Inc(CNM)012,494+12,49407540.01%+754
iShares MSCI Malaysia ETF
MSCI MLY ETF NEW
0206,733+206,73305,0320.06%+5,032
Fidelity National Information(FIS)017,510+17,51001,4250.02%+1,425
Advanced Drainage Systems Inc.(WMS)4,6256,011+1,3865036900.01%+188
Marriot Vacations Worldwide Co(VAC)09,504+9,50406870.01%+687
Walmart Inc.(WMT)044,033+44,03304,3060.05%+4,306
Veralto Corp.(VLTO)06,804+6,80406870.01%+687
Douglas Elliman Inc.0346,901+346,90108050.01%+805
Warner Brothers Discovery Inc.(WBD)102,245109,690+7,4451,0971,2570.01%+160
Great Lakes Dredge & Dock Corp097,128+97,12801,1840.01%+1,184
Pentair PLC(PNR)05,973+5,97306130.01%+613
Consumer Staples Select Sector
ST STR STAPL ETF
06,792+6,79205500.01%+550
The Cigna Group(CI)13,59013,931+3414,4714,6050.05%+134
H2O America(HTO)5,6348,507+2,8733084420.01%+134
First Horizon Corp.(FHN)070,211+70,21101,4880.02%+1,488
M/I Homes Inc.(MHO)04,081+4,08104580.01%+458
Ameris Bancorp(ABCB)015,633+15,63301,0110.01%+1,011
Simon Property Group Inc.(SPG)9,2219,896+6751,5311,5910.02%+59
Kimberly-Clark Corp.(KMB)5,8406,870+1,0308318860.01%+55
First Interstate Bancsystem In(FIBK)019,877+19,87705730.01%+573
Caterpillar Inc.(CAT)0869+86903370.00%+337
Xylem Inc.(XYL)5,1015,10106096600.01%+51
Valmont Industries Inc.(VMI)01,168+1,16803810.00%+381
Canadian Pacific Kansas City L(CP)04,953+4,95303930.00%+393
3M Co.(MMM)7,3217,315-61,0751,1140.01%+38
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