Cullen Capital Management’s State Street Materials Select Sector SPDR ETF XLB Stock Holding History

Cullen Capital Management’s Portfolio XLB Stock Details XLB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-626,265	Closed	-$28.4M	–	239
2025 Q4	$28.4M	Buy	626,265 +617,931	+7,415%	+$27.3M	0.31%	73
2025 Q3	$373K	Sell	8,334 -81,838	-91%	-$3.7M	﹤0.01%	181
2025 Q2	$3.96M	Buy	90,172 +74,480	+475%	+$3.16M	0.05%	93
2025 Q1	$675K	Sell	15,692 -332,958	-95%	-$14.5M	0.01%	140
2024 Q4	$14.7M	Buy	348,650 +340,600	+4,231%	+$15.8M	0.17%	70
2024 Q3	$388K	Sell	8,050 -1,304	-14%	-$59.5K	﹤0.01%	180
2024 Q2	$413K	Buy	+9,354	New	+$423K	﹤0.01%	164
2024 Q1	–	Sell	-160,926	Closed	-$6.88M	–	225
2023 Q4	$6.88M	Buy	+160,926	New	+$6.43M	0.1%	83
2023 Q3	–	Sell	-43,354	Closed	-$1.8M	–	213
2023 Q2	$1.8M	Buy	+43,354	New	+$1.72M	0.02%	180
2023 Q1	–	Sell	-77,142	Closed	-$3M	–	289
2022 Q4	$3M	Buy	77,142 +36,466	+90%	+$1.4M	0.04%	112
2022 Q3	$1.38M	Buy	40,676 +28,956	+247%	+$1.09M	0.01%	178
2022 Q2	$431K	Buy	+11,720	New	+$490K	﹤0.01%	226
2022 Q1	–	Sell	-117,358	Closed	-$5.32M	–	296
2021 Q4	$5.32M	Buy	+117,358	New	+$5.07M	0.05%	134
2019 Q3	–	Sell	-276,000	Closed	-$8.07M	–	136
2019 Q2	$8.07M	Buy	+276,000	New	+$7.79M	0.32%	53

Other funds holding XLB

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

BNP Paribas Financial Markets Paris, France $289B AUM 60.46% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

MMH

Menora Mivtachim Holdings Ramat Gan, Israel $25.6B AUM 50.04% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Citadel Advisors Miami, Florida $875B AUM 40.91% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Cullen Capital Management's XLB Position: Q1 2026 in Review

Cullen Capital Management sold out of State Street Materials Select Sector SPDR ETF (XLB) in Q1 2026, closing a stake of 626,265 shares — an estimated $28.4M sold.

Cullen Capital Management first reported a position in XLB in Q2 2019 and held it in 14 quarters. The position peaked at $28.4M in Q4 2025. 902 funds tracked by Wall St. Rank hold XLB as of Q1 2026.

Cullen Capital Management reported no remaining State Street Materials Select Sector SPDR ETF position as of Q1 2026 after selling out during the quarter.
Cullen Capital Management sold 626,265 State Street Materials Select Sector SPDR ETF shares in Q1 2026, an estimated $28.4M.
Cullen Capital Management first reported a position in State Street Materials Select Sector SPDR ETF in Q2 2019 and held it in 14 quarters.
Cullen Capital Management's State Street Materials Select Sector SPDR ETF position peaked at $28.4M in Q4 2025.
902 funds tracked by Wall St. Rank held State Street Materials Select Sector SPDR ETF as of Q1 2026.

Based on Cullen Capital Management's 13F filing for Q1 2026, filed 15 May 2026.