Cullen Capital Management, LLC
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| Unilever PLC (ADR) | 0 | 2,186,791 | +2,186,791 | 0 | 143,016,155 | +143,016,155 |
| State Street Communication Ser | 16,119 | 490,271 | +474,152 | 1,908,006 | 57,714,702 | +55,806,696 |
| First Horizon Corp. | 57,996 | 2,030,457 | +1,972,461 | 1,311,290 | 48,527,922 | +47,216,632 |
| Merck & Co. Inc. | 2,343,452 | 2,291,041 | -52,411 | 196,685,909 | 241,154,947 | +44,469,038 |
| American International Group I | 0 | 494,273 | +494,273 | 0 | 42,285,055 | +42,285,055 |
| Qualcomm Inc. | 665,454 | 863,078 | +197,624 | 110,704,987 | 147,629,432 | +36,924,445 |
| State Street Industrial Select | 7,385 | 237,878 | +230,493 | 1,138,989 | 36,899,635 | +35,760,646 |
| State Street Consumer Staples | 7,541 | 461,242 | +453,701 | 590,988 | 35,829,279 | +35,238,291 |
| Union Pacific Corp. | 9,089 | 155,665 | +146,576 | 2,148,367 | 36,008,428 | +33,860,061 |
| State Street Real Estate Selec | 7,308 | 816,329 | +809,021 | 307,886 | 32,938,875 | +32,630,989 |
| UnitedHealth Group Inc. | 236,676 | 332,894 | +96,218 | 81,724,223 | 109,891,509 | +28,167,286 |
| State Street Materials Select | 4,167 | 626,265 | +622,098 | 373,447 | 28,401,118 | +28,027,671 |
| ASE Technology Holding Company (ADR) | 5,618,822 | 5,607,381 | -11,441 | 62,312,732 | 90,278,829 | +27,966,097 |
| Novo Nordisk A/S (ADR) | 0 | 547,520 | +547,520 | 0 | 27,857,822 | +27,857,822 |
| Novartis AG (ADR) | 2,070,377 | 2,080,796 | +10,419 | 265,505,195 | 286,879,293 | +21,374,098 |
| Rio Tinto PLC (ADR) | 289,761 | 498,868 | +209,107 | 19,127,101 | 39,924,394 | +20,797,293 |
| Citigroup Inc. | 2,456,580 | 2,302,748 | -153,832 | 249,342,899 | 268,707,721 | +19,364,822 |
| Chubb Ltd. | 685,887 | 681,729 | -4,158 | 193,591,598 | 212,781,331 | +19,189,733 |
| Morgan Stanley | 1,562,592 | 1,504,927 | -57,665 | 248,389,660 | 267,169,621 | +18,779,961 |
| Johnson & Johnson | 1,195,361 | 1,159,046 | -36,315 | 221,643,755 | 239,864,600 | +18,220,845 |
| Cisco Systems Inc. | 3,937,772 | 3,732,436 | -205,336 | 269,422,336 | 287,509,558 | +18,087,222 |
| The PNC Financial Services Gro | 201,403 | 259,784 | +58,381 | 40,467,905 | 54,224,763 | +13,756,858 |
| State Street Health Care Selec | 8,610 | 94,269 | +85,659 | 1,198,254 | 14,592,841 | +13,394,587 |
| TotalEnergies SE | 0 | 199,123 | +199,123 | 0 | 13,026,600 | +13,026,600 |
| Toyota Motor Corp. (ADR) | 197,114 | 236,355 | +39,241 | 37,666,585 | 50,594,209 | +12,927,624 |
| NextEra Energy Inc. | 2,495,106 | 2,460,053 | -35,053 | 188,355,556 | 197,493,039 | +9,137,483 |
| State Street Energy Select Sec | 0 | 204,009 | +204,009 | 0 | 9,121,242 | +9,121,242 |
| iShares MSCI South Korea ETF | 222,743 | 269,232 | +46,489 | 17,841,714 | 26,174,735 | +8,333,021 |
| Petroleo Brasileiro SA (ADR) | 1,576,277 | 2,271,269 | +694,992 | 19,955,673 | 26,914,539 | +6,958,866 |
| iShares Russell 1000 Value ETF | 1,616 | 30,562 | +28,946 | 329,001 | 6,428,411 | +6,099,410 |
| National Grid PLC (ADR) | 731,561 | 761,975 | +30,414 | 53,162,510 | 58,938,755 | +5,776,245 |
| Millicom Intl Cellular | 643,031 | 656,608 | +13,577 | 31,212,725 | 36,402,348 | +5,189,623 |
| British American Tobacco PLC (ADR) | 1,334,800 | 1,334,963 | +163 | 70,851,174 | 75,585,623 | +4,734,449 |
| iShares MSCI ACWI ex US ETF | 119,661 | 186,200 | +66,539 | 7,779,162 | 12,499,606 | +4,720,444 |
| Truist Financial Corp | 4,591,783 | 4,347,033 | -244,750 | 209,936,338 | 213,917,475 | +3,981,137 |
| State Street Financial Select | 0 | 71,693 | +71,693 | 0 | 3,926,626 | +3,926,626 |
| Johnson Controls International | 1,849,329 | 1,728,794 | -120,535 | 203,333,678 | 207,023,024 | +3,689,346 |
| State Street Consumer Discreti | 1,493 | 29,126 | +27,633 | 357,783 | 3,477,936 | +3,120,153 |
| Bank of America Corp. | 5,452,072 | 5,170,265 | -281,807 | 281,272,382 | 284,364,561 | +3,092,179 |
| Axia Energia ADR | 0 | 330,217 | +330,217 | 0 | 3,024,788 | +3,024,788 |
| Bristol-Myers Squibb Co. | 1,340,847 | 1,176,726 | -164,121 | 60,472,221 | 63,472,599 | +3,000,378 |
| iShares Select Dividend ETF | 0 | 21,130 | +21,130 | 0 | 2,982,288 | +2,982,288 |
| PACCAR Inc. | 558,423 | 525,036 | -33,387 | 54,904,149 | 57,496,720 | +2,592,571 |
| Keurig Dr Pepper Inc | 1,526,172 | 1,478,726 | -47,446 | 38,932,648 | 41,419,115 | +2,486,467 |
| The Travelers Companies Inc. | 508,253 | 497,171 | -11,082 | 141,914,528 | 144,209,518 | +2,294,990 |
| Taiwan Semiconductor Mfg Ltd (ADR) | 251,074 | 237,805 | -13,269 | 70,122,457 | 72,266,561 | +2,144,104 |
| Coca-Cola Femsa SAB de CV (ADR) | 458,255 | 423,641 | -34,614 | 38,081,018 | 40,123,013 | +2,041,995 |
| Invesco S&P Global Water Index | 0 | 27,203 | +27,203 | 0 | 1,714,091 | +1,714,091 |
| Becton Dickinson & Co. | 716,260 | 697,777 | -18,483 | 134,062,424 | 135,417,606 | +1,355,182 |
| Qnity Electronics Inc | 0 | 11,774 | +11,774 | 0 | 961,347 | +961,347 |
| State Street Utilities Select | 0 | 21,872 | +21,872 | 0 | 933,716 | +933,716 |
| Axia Energia Preferred C (ADR) | 0 | 82,991 | +82,991 | 0 | 715,382 | +715,382 |
| Applied Materials Inc. | 22,193 | 20,110 | -2,083 | 4,543,795 | 5,168,069 | +624,274 |
| iShares Trust iShares Global | 0 | 23,559 | +23,559 | 0 | 587,797 | +587,797 |
| American Express Co. | 17,169 | 16,977 | -192 | 5,702,855 | 6,280,641 | +577,786 |
| Adobe Systems Inc. | 3,047 | 4,435 | +1,388 | 1,074,829 | 1,552,206 | +477,377 |
| VanEck Vectors Pharmaceutical | 0 | 4,620 | +4,620 | 0 | 476,645 | +476,645 |
| iShares Global Timber & Forest | 0 | 6,560 | +6,560 | 0 | 472,386 | +472,386 |
| Pool Corp. | 0 | 2,001 | +2,001 | 0 | 457,729 | +457,729 |
| Micron Technology Inc. | 6,984 | 5,490 | -1,494 | 1,168,563 | 1,566,901 | +398,338 |
| Avient Corp. | 14,930 | 26,039 | +11,109 | 491,944 | 813,458 | +321,514 |
| State Street Technology Select | 0 | 2,134 | +2,134 | 0 | 307,232 | +307,232 |
| Axalta Coating Systems Ltd. | 100,422 | 98,191 | -2,231 | 2,874,078 | 3,172,551 | +298,473 |
| The Magnum Ice Cream Company N | 0 | 18,727 | +18,727 | 0 | 296,823 | +296,823 |
| Sensata Technologies Holding P | 23,712 | 30,125 | +6,413 | 724,402 | 1,002,861 | +278,459 |
| Shell PLC (ADR) | 489,631 | 480,347 | -9,284 | 35,023,275 | 35,295,912 | +272,637 |
| John B. Sanfilippo & Son Inc. | 0 | 3,624 | +3,624 | 0 | 255,854 | +255,854 |
| Quaker Chemical Corp. | 3,006 | 4,634 | +1,628 | 396,041 | 636,295 | +240,254 |
| KB Financial Group Inc. (ADR) | 112,029 | 110,730 | -1,299 | 9,288,324 | 9,527,209 | +238,885 |
| Solstice Advanced Materials In | 0 | 4,516 | +4,516 | 0 | 219,387 | +219,387 |
| Companhia de Saneamento Basico (ADR) | 30,986 | 41,350 | +10,364 | 771,242 | 986,199 | +214,957 |
| Carter's Inc. | 0 | 6,514 | +6,514 | 0 | 211,249 | +211,249 |
| Canadian National Railway Co. | 17,293 | 18,516 | +1,223 | 1,630,730 | 1,830,307 | +199,577 |
| Walmart Inc. | 43,662 | 42,019 | -1,643 | 4,499,806 | 4,681,757 | +181,951 |
| AbbVie Inc. | 1,247 | 1,997 | +750 | 288,730 | 456,295 | +167,565 |
| iShares MSCI India ETF | 38,665 | 40,331 | +1,666 | 2,012,900 | 2,179,891 | +166,991 |
| M/I Homes Inc. | 4,299 | 5,955 | +1,656 | 620,948 | 761,942 | +140,994 |
| Varex Imaging Corp. | 11,692 | 21,467 | +9,775 | 144,981 | 250,091 | +105,110 |
| Apple Inc. | 4,940 | 4,940 | 0 | 1,257,872 | 1,342,988 | +85,116 |
| Great Lakes Dredge & Dock Corp | 74,678 | 74,678 | 0 | 895,389 | 979,775 | +84,386 |
| Caterpillar Inc. | 869 | 869 | 0 | 414,643 | 497,824 | +83,181 |
| Huntsman Corp. | 13,546 | 20,231 | +6,685 | 121,643 | 202,310 | +80,667 |
| Advanced Drainage Systems Inc. | 3,613 | 4,002 | +389 | 501,123 | 579,610 | +78,487 |
| Helmerich & Payne Inc. | 11,846 | 11,846 | 0 | 261,678 | 339,743 | +78,065 |
| Valmont Industries Inc. | 1,168 | 1,288 | +120 | 452,869 | 518,188 | +65,319 |
| GE Vernova LLC | 1,600 | 1,600 | 0 | 983,840 | 1,045,712 | +61,872 |
| BorgWarner Inc. | 89,667 | 88,811 | -856 | 3,941,761 | 4,001,824 | +60,063 |
| First Interstate Bancsystem In | 18,714 | 18,714 | 0 | 596,415 | 647,504 | +51,089 |
| Veralto Corp. | 6,804 | 7,736 | +932 | 725,374 | 771,898 | +46,524 |
| General Electric Co. | 6,451 | 6,451 | 0 | 1,940,590 | 1,987,102 | +46,512 |
| WisdomTree India Earnings Fund | 92,145 | 88,959 | -3,186 | 4,072,809 | 4,117,912 | +45,103 |
| A.O. Smith Corp. | 3,873 | 4,875 | +1,002 | 284,317 | 326,040 | +41,723 |
| Select Water Solutions Inc. | 54,156 | 58,824 | +4,668 | 578,928 | 618,828 | +39,900 |
| Prologis Inc. | 2,920 | 2,920 | 0 | 334,398 | 372,767 | +38,369 |
| The Coca-Cola Co. | 10,429 | 10,429 | 0 | 691,651 | 729,091 | +37,440 |
| 3M Co. | 7,315 | 7,319 | +4 | 1,135,142 | 1,171,772 | +36,630 |
| Royal Bank of Canada | 1,505 | 1,505 | 0 | 221,717 | 256,587 | +34,870 |
| Consolidated Water Company Ltd | 11,577 | 12,539 | +962 | 408,437 | 442,501 | +34,064 |
| Granite Real Estate Investment | 8,190 | 8,190 | 0 | 455,078 | 488,613 | +33,535 |
| Simons First National Corp. | 28,226 | 30,325 | +2,099 | 541,092 | 571,626 | +30,534 |