CCM

Cullen Capital Management Portfolio holdings

AUM $8.66B

AUM

$8.66B

AUM Growth

+$71.3M (+0.8%)

Cap. Flow

-$224M

Cap. Flow % of AUM

-2.59%

Top 10 Holdings %Top 10 Hldgs %

28.2%

Holding

223

New

Increased

Reduced

108

Closed

Top Buys

1	Omnicom Group OMC	$83.8M
2	Keurig Dr Pepper KDP	$61.5M
3	BCE BCE	$60.4M
4	United Parcel Service UPS	$49.9M
5	Mondelez International MDLZ	$36.4M

Top Sells

1	Philip Morris PM	$116M
2	JPMorgan Chase JPM	$54.8M
3	Travelers Companies TRV	$47.2M
4	Conagra Brands CAG	$45.5M
5	The Communication Services Select Sector SPDR Fund XLC	$40.4M

Sector Composition

1	Financials	17.58%
2	Consumer Staples	14.56%
3	Healthcare	13.3%
4	Industrials	9.89%
5	Energy	9.29%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Genuine Parts GPC $17.4B	$161M	1.86%	1,352,590 +101,356	+8%	+$12.1M
27	27 Dow Inc DOW $20.9B	$159M	1.83%	4,544,766 +801,823	+21%	+$28M
28	28 Unilever UL $149B	$155M	1.79%	2,596,946 -42,961	-2%	-$2.56M
29	29 Broadcom AVGO $1.29T	$142M	1.64%	849,894 -58,566	-6%	-$9.81M
30	30 BCE BCE $21.9B	$141M	1.63%	6,159,929 +2,631,334	+75%	+$60.4M
31	31 Travelers Companies TRV $58.7B	$140M	1.61%	528,196 -178,653	-25%	-$47.2M
32	32 United Parcel Service UPS $85.8B	$133M	1.54%	1,211,014 +453,965	+60%	+$49.9M
33	33 ConocoPhillips COP $121B	$133M	1.54%	1,266,926 -1,758	-0.1%	-$185K
34	34 Lowe's Companies LOW $126B	$127M	1.47%	544,029 -14,681	-3%	-$3.42M
35	35 Pfizer PFE $146B	$120M	1.38%	4,723,322 -51,058	-1%	-$1.29M
36	36 Crown Castle CCI $44.4B	$115M	1.33%	1,101,789 +6,647	+0.6%	+$693K
37	37 Target TGT $47.4B	$98M	1.13%	939,473 +40,399	+4%	+$4.22M
38	38 Microsoft MSFT $3.74T	$84.1M	0.97%	224,053 -10,322	-4%	-$3.87M
39	39 Omnicom Group OMC $14.2B	$83.8M	0.97%	+1,011,210	New	+$83.8M
40	40 Diageo DEO $57.5B	$82.2M	0.95%	784,044 +63,281	+9%	+$6.63M
41	41 Qualcomm QCOM $173B	$75.8M	0.88%	493,511 +52,664	+12%	+$8.09M
42	42 EOG Resources EOG $67.2B	$70.6M	0.82%	550,717 +9,142	+2%	+$1.17M
43	43 Verizon VZ $175B	$68.4M	0.79%	1,507,977 +87,170	+6%	+$3.95M
44	44 Bristol-Myers Squibb BMY $95.4B	$68.2M	0.79%	1,118,589 -47,588	-4%	-$2.9M
45	45 PPL Corp PPL $24.9B	$67.3M	0.78%	1,864,500 -25,593	-1%	-$924K
46	46 Keurig Dr Pepper KDP $45.5B	$61.5M	0.71%	+1,797,912	New	+$61.5M
47	47 Rio Tinto RIO $99.3B	$55.7M	0.64%	926,500 +85,222	+10%	+$5.12M
48	48 Sysco SYY $37.2B	$51.4M	0.59%	685,214 +15,046	+2%	+$1.13M
49	49 Baxter International BAX $14.7B	$51.2M	0.59%	1,496,127 +109,846	+8%	+$3.76M
50	50 British American Tobacco BTI $112B	$49.6M	0.57%	1,199,582 +18,923	+2%	+$783K