Fund Holdings

Cullen Capital Management, LLC

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
UnitedHealth Group Inc.(UNH)0236,676+236,676081,724,2230.89%+81,724,223
Becton Dickinson & Co.(BDX)368,568716,260+347,69263,485,838134,062,4241.47%+70,576,586
BCE Inc.(BCE)3,597,3806,389,865+2,792,48579,753,920149,458,9491.64%+69,705,029
Diageo PLC (ADR)(DEO)781,4441,309,258+527,81478,800,823124,942,5111.37%+46,141,688
Johnson & Johnson(JNJ)1,211,6171,195,361-16,256185,074,475221,643,7552.42%+36,569,280
Millicom Intl Cellular0643,031+643,031031,212,7250.34%+31,212,725
Truist Financial Corp(TFC)4,164,7164,591,783+427,067179,041,140209,936,3382.30%+30,895,198
General Dynamics Corp.(GD)741,984721,016-20,968216,406,932245,866,5882.69%+29,459,656
Healthpeak Properties Inc(DOC)9,591,10410,232,875+641,771167,940,236195,959,5652.14%+28,019,329
Smurfit Westrock PLC(SW)514,0911,153,374+639,28322,183,01549,099,1270.54%+26,916,112
Lowe's Companies Inc.(LOW)585,937622,033+36,096130,001,871156,323,2021.71%+26,321,331
Qualcomm Inc.(QCOM)542,906665,454+122,54886,463,200110,704,9871.21%+24,241,787
Genuine Parts Co.(GPC)1,353,3271,358,998+5,671164,172,094188,357,1142.06%+24,185,020
Bank of America Corp.5,507,4865,452,072-55,414260,614,250281,272,3823.08%+20,658,132
RTX Corp(RTX)1,473,3351,399,880-73,455215,136,429234,241,8892.56%+19,105,460
Medtronic PLC(MDT)2,701,4202,672,375-29,045235,482,822254,517,0002.78%+19,034,178
Omnicom Group Inc.(OMC)1,084,7371,184,141+99,40478,035,95596,542,9791.06%+18,507,024
Morgan Stanley(MS)1,636,0141,562,592-73,422230,448,896248,389,6602.72%+17,940,764
Taiwan Semiconductor Manufacturing (ADR)(TSM)235,376251,074+15,69853,310,31070,122,4570.77%+16,812,147
Merck & Co. Inc.(MRK)2,276,4762,343,452+66,976180,205,845196,685,9092.15%+16,480,064
NextEra Energy Inc.(NEE)2,476,8612,495,106+18,245171,943,705188,355,5562.06%+16,411,851
iShares MSCI EAFE Value ETF0231,632+231,632015,711,5990.17%+15,711,599
Citigroup Inc.(C)2,757,3642,456,580-300,784234,706,857249,342,8992.73%+14,636,042
JP Morgan Chase & Co.(JPM)1,047,2431,006,665-40,578303,606,286317,532,2443.47%+13,925,958
Norfolk Southern Corp.(NSC)92,087121,351+29,26423,571,50936,455,0540.40%+12,883,545
iShares MSCI Emerging Markets0229,518+229,518012,256,2610.13%+12,256,261
Novartis AG (ADR)(NVS)2,096,8522,070,377-26,475253,740,080265,505,1952.90%+11,765,115
ConocoPhillips(COP)1,934,7671,957,016+22,249173,625,980185,114,1882.03%+11,488,208
Toyota Motor Corp. (ADR)(TM)157,494197,114+39,62027,129,95837,666,5850.41%+10,536,627
Altria Group Inc.(MO)2,617,6032,480,772-136,831153,470,090163,879,7951.79%+10,409,705
Chevron Corp.(CVX)904,996893,771-11,225129,586,437138,793,7121.52%+9,207,275
Duke Energy Corp.(DUK)2,049,6132,019,977-29,636241,854,363249,972,2082.73%+8,117,845
iShares MSCI ACWI ex US ETF0119,661+119,66107,779,1620.09%+7,779,162
Exxon Mobil Corp.1,929,3061,912,111-17,195207,979,224215,590,4932.36%+7,611,269
iShares MSCI Brazil ETF0192,956+192,95605,981,6360.07%+5,981,636
ICICI Bank Ltd. (ADR)(IBN)1,384,7631,729,815+345,05246,583,42752,292,3070.57%+5,708,880
PPL Corp.(PPL)1,847,7421,821,722-26,02062,619,97167,695,1840.74%+5,075,213
ASE Technology Holding Company (ADR)(ASX)5,580,1765,618,822+38,64657,643,22162,312,7320.68%+4,669,511
Copa Holdings SA(CPA)184,228209,401+25,17320,259,55324,881,0270.27%+4,621,474
British American Tobacco PLC (ADR)(BTI)1,401,9221,334,800-67,12266,352,94970,851,1740.78%+4,498,225
iShares MSCI South Korea ETF196,402222,743+26,34114,097,73617,841,7140.20%+3,743,978
Sysco Corp.(SYY)698,965685,779-13,18652,939,60956,467,0430.62%+3,527,434
Enbridge Inc.(ENB)1,070,0381,030,108-39,93048,494,13951,979,2390.57%+3,485,100
The Travelers Companies Inc.(TRV)520,886508,253-12,633139,357,878141,914,5281.55%+2,556,650
The PNC Financial Services Gro(PNC)204,875201,403-3,47238,192,79840,467,9050.44%+2,275,107
Bristol-Myers Squibb Co.(BMY)1,261,0701,340,847+79,77758,374,95260,472,2210.66%+2,097,269
iShares MSCI China ETF031,256+31,25602,058,2080.02%+2,058,208
Dow Inc(DOW)3,184,0413,758,224+574,18384,313,40286,176,0750.94%+1,862,673
PACCAR Inc.(PCAR)560,405558,423-1,98253,272,09954,904,1490.60%+1,632,050
Adobe Systems Inc.(ADBE)03,047+3,04701,074,8290.01%+1,074,829
Alphabet Inc.(GOOG)8,59810,601+2,0031,515,2262,577,1030.03%+1,061,877
Verizon Communications Inc.(VZ)1,538,0981,538,023-7566,553,48667,596,0960.74%+1,042,610
Microsoft Corp.(MSFT)217,237210,562-6,675108,055,756109,060,6911.19%+1,004,935
iShares MSCI Taiwan ETF156,851156,138-7139,003,2479,933,5000.11%+930,253
iShares Russell 2000 ETF03,830+3,8300926,7070.01%+926,707
KT Corp. (ADR)(KT)046,286+46,2860902,5770.01%+902,577
Applied Materials Inc.20,16322,193+2,0303,691,2404,543,7950.05%+852,555
Shell PLC (ADR)(SHEL)485,378489,631+4,25334,175,46835,023,2750.38%+847,807
Alibaba Group Holding Ltd. (ADR)(BABA)64,54245,664-18,8787,319,7088,161,5270.09%+841,819
LoanDepot Inc.243,648364,912+121,264309,4331,120,2800.01%+810,847
LendingTree Inc.23,60424,802+1,198875,0001,605,4330.02%+730,433
BorgWarner Inc.98,97089,667-9,3033,313,5163,941,7610.04%+628,245
Avient Corp.(AVNT)014,930+14,9300491,9440.01%+491,944
CVS Health Corp.(CVS)06,455+6,4550486,6420.01%+486,642
Douglas Elliman Inc.346,901438,860+91,959804,8101,255,1400.01%+450,330
Archer-Daniels-Midland Co.17,49222,592+5,100923,2281,349,6460.01%+426,418
Quaker Chemical Corp.(KWR)03,006+3,0060396,0410.00%+396,041
iShares S&P Latin America 40 E013,198+13,1980381,2900.00%+381,290
The Walt Disney Co.(DIS)32,98238,973+5,9914,090,0984,462,4090.05%+372,311
Packaging Corp. of America(PKG)12,25412,215-392,309,2662,662,0150.03%+352,749
DuPont De Nemours Inc.(DD)21,74023,553+1,8131,491,1471,834,7790.02%+343,632
iShares Russell 1000 Value ETF01,616+1,6160329,0010.00%+329,001
Itau Unibanco Holding SA (ADR)(ITUB)675,383669,412-5,9714,585,8514,913,4840.05%+327,633
WP Carey Inc.(WPC)10,46713,847+3,380652,931935,6420.01%+282,711
General Electric Co.(GE)6,4516,45101,660,4231,940,5900.02%+280,167
Civitas Resources Inc.08,599+8,5990279,4680.00%+279,468
American Express Co.(AXP)17,00717,169+1625,424,8935,702,8550.06%+277,962
Helmerich & Payne Inc.(HP)011,846+11,8460261,6780.00%+261,678
Marriot Vacations Worldwide Co(VAC)9,50414,094+4,590687,234938,0970.01%+250,863
Apple Inc.(AAPL)4,9404,94001,013,5401,257,8720.01%+244,332
Blackstone Inc(BX)01,402+1,4020239,5320.00%+239,532
Masterbrand Inc.(MBC)38,00449,523+11,519415,384652,2180.01%+236,834
Royal Bank of Canada(RY)01,505+1,5050221,7170.00%+221,717
Rayonier Inc.(RYN)08,262+8,2620219,2730.00%+219,273
Cousins Properties Inc.(CUZ)24,36532,647+8,282731,681944,8040.01%+213,123
Essential Properties Realty Tr07,120+7,1200211,8910.00%+211,891
Agree Realty Corp.02,950+2,9500209,5680.00%+209,568
SPDR S&P500 ETF Trust(SPY)0309+3090205,8500.00%+205,850
Northrop Grumman Corp.(NOC)0334+3340203,5130.00%+203,513
Walmart Inc.(WMT)44,03343,662-3714,305,5474,499,8060.05%+194,259
Simon Property Group Inc.(SPG)9,8969,398-4981,590,8811,763,7230.02%+172,842
M/I Homes Inc.(MHO)4,0814,299+218457,562620,9480.01%+163,386
Raymond James Financial Inc.(RJF)14,08713,392-6952,160,5232,311,4590.03%+150,936
Varex Imaging Corp.011,692+11,6920144,9810.00%+144,981
Select Water Solutions Inc.(WTTR)50,49354,156+3,663436,260578,9280.01%+142,668
Eaton Corp. PLC(ETN)13,05112,824-2274,659,0764,799,3820.05%+140,306
GE Vernova LLC(GEV)1,6001,6000846,640983,8400.01%+137,200
H2O America(HTO)8,50711,790+3,283442,109574,1730.01%+132,064
Consumer Discretionary Select1,0741,493+419233,412357,7830.00%+124,371
Huntsman Corp.(HUN)013,546+13,5460121,6430.00%+121,643
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