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CCM

Cullen Capital Management Portfolio holdings

AUM $10.2B
1-Year Est. Return 27.15%
This Fund
S&P 500
This Quarter Est. Return
-0.82%
1 Year Est. Return
+27.15%
3 Year Est. Return
+59.97%
5 Year Est. Return
+68.85%
10 Year Est. Return
+175.49%
AUM
$10.9B
AUM Growth
+$3.14B
Cap. Flow
+$3.5B
Cap. Flow %
32.01%
Top 10 Hldgs %
25.12%
Holding
301
New
100
Increased
125
Reduced
36
Closed
26

Top Buys

Rank Stock Value
1
KTB icon
Kontoor Brands
KTB
+$280M
2
MDT icon
Medtronic
MDT
+$246M
3
CB icon
Chubb
CB
+$230M
4
JCI icon
Johnson Controls International
JCI
+$217M
5
CMCSA icon
Comcast
CMCSA
+$84M

Top Sells

Rank Stock Value
1
MMM icon
3M
MMM
+$70M
2
TM icon
Toyota
TM
+$21M
3
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$15.9M
4
SHEL icon
Shell
SHEL
+$15.5M
5
XLC icon
State Street Communication Services Select Sector SPDR ETF
XLC
+$14.1M

Sector Composition

Rank Sector Weight
1 Miscellaneous 13.57%
2 Healthcare 12.63%
3 Financials 12.57%
4 Consumer Staples 11.33%
5 Industrials 10.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PFE icon
26
Pfizer
PFE
$157B
$166M 1.52%
4,066,580
+1,019,440
+33% +$44M
UPS icon
27
United Parcel Service
UPS
$87.1B
$162M 1.48%
835,728
+210,575
+34% +$38.6M
KMB icon
28
Kimberly-Clark
KMB
$32.8B
$160M 1.46%
1,189,312
+290,598
+32% +$37.7M
C icon
29
Citigroup
C
$228B
$157M 1.43%
3,344,073
+979,084
+41% +$48M
COP icon
30
ConocoPhillips
COP
$170B
$155M 1.42%
1,565,411
+414,730
+36% +$45.4M
INTC icon
31
Intel
INTC
$513B
$155M 1.42%
4,737,284
+617,019
+15% +$17.5M
MO icon
32
Altria Group
MO
$117B
$153M 1.4%
3,432,345
+964,791
+39% +$44.4M
TGT icon
33
Target
TGT
$70.1B
$152M 1.39%
915,851
+248,862
+37% +$40.9M
BAC icon
34
Bank of America
BAC
$416B
$149M 1.36%
5,200,839
+1,248,354
+32% +$41.2M
LOW icon
35
Lowe's Companies
LOW
$109B
$145M 1.32%
722,853
+207,326
+40% +$42.1M
TFC icon
36
Truist Financial
TFC
$61.6B
$141M 1.29%
4,146,229
+1,186,070
+40% +$51.8M
T icon
37
AT&T
T
$183B
$133M 1.22%
6,912,755
+1,749,018
+34% +$33.4M
TRV icon
38
Travelers Companies
TRV
$78.8B
$113M 1.03%
659,562
+133,127
+25% +$24.2M
DEO icon
39
Diageo
DEO
$48.3B
$104M 0.95%
572,814
+131,797
+30% +$23.3M
MSFT icon
40
Microsoft
MSFT
$3.69T
$93.9M 0.86%
325,625
+83,411
+34% +$21.3M
VZ icon
41
Verizon
VZ
$214B
$74.1M 0.68%
1,905,539
+645,379
+51% +$25.5M
RIO icon
42
Rio Tinto
RIO
$158B
$71.6M 0.65%
1,043,137
-15,797
-1% -$1.15M
PPL
43
PPL Corp
PPL
$25B
$67M 0.61%
2,411,062
+773,436
+47% +$21.9M
BMY icon
44
Bristol-Myers Squibb
BMY
$130B
$65.4M 0.6%
944,196
+292,065
+45% +$20.6M
EOG icon
45
EOG Resources
EOG
$80.6B
$64.8M 0.59%
565,107
+205,165
+57% +$24.9M
NTT
46
DELISTED
Nippon Telegraph & Telephone
NTT
$60.1M 0.55%
2,006,918
-51,831
-3% -$1.55M
KOF icon
47
Coca-Cola Femsa
KOF
$23.4B
$60.1M 0.55%
746,402
+146,317
+24% +$10.7M
CAG icon
48
Conagra Brands
CAG
$7.21B
$59.5M 0.54%
1,583,208
+469,569
+42% +$17.4M
BXP icon
49
Boston Properties
BXP
$10.2B
$57.6M 0.53%
1,065,137
+338,139
+47% +$22.1M
TTE icon
50
TotalEnergies
TTE
$206B
$50.8M 0.46%
860,010
-127,903
-13% -$7.87M
1
2
3 4 5

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SGA
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CFB
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GIA
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WPL
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HI
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SOADOR
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MOACM
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Cullen Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Cullen Capital Management held 301 positions worth $10.9B, up 40% from $7.79B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Cullen Capital Management deployed $3.5B of net new capital in Q1 2023, opening 100 new positions and adding to 125 existing holdings. Its largest new stake was Medtronic: 3,018,873 shares worth $243M.

By sector, the portfolio is most concentrated in Miscellaneous at 14% of assets, up from 13% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was 3M, an estimated $70M trimmed.

  • Cullen Capital Management's largest Q1 2023 buy was Medtronic: 3,018,873 shares worth $243M.
  • Cullen Capital Management added most to Kontoor Brands in Q1 2023, an estimated $280M increase.
  • Cullen Capital Management's biggest Q1 2023 reduction was 3M, cutting an estimated $70M.
  • Cullen Capital Management fully exited State Street Financial Select Sector SPDR ETF in Q1 2023, selling an estimated $15.9M.
  • Cullen Capital Management's ten largest holdings make up 25% of its $10.9B portfolio in Q1 2023.
  • Cullen Capital Management opened 100 new positions and closed 26 in Q1 2023.
  • Cullen Capital Management's portfolio value rose 40% quarter-over-quarter to $10.9B.

Based on Cullen Capital Management's 13F filing for Q1 2023, filed 15 May 2023.