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CCM
Cullen Capital Management Portfolio holdings
AUM
$9.75B
1-Year Est. Return
21.81%
This Fund
S&P 500
This Quarter
Est. Return
-4.95%
1 Year Est. Return
+21.81%
3 Year Est. Return
+48.84%
5 Year Est. Return
+62.4%
10 Year Est. Return
+301.61%
AUM
$8.57B
AUM Growth
-$2.64B
(-24%)
Cap. Flow
-$2.12B
Cap. Flow
% of AUM
-24.74%
Top 10 Holdings %
Top 10 Hldgs %
29.4%
Holding
321
New
27
Increased
56
Reduced
99
Closed
116
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kenvue
KVUE
|
+$240M |
| 2 |
Crown Castle
CCI
|
+$34.3M |
| 3 |
Union Pacific
UNP
|
+$32.4M |
| 4 |
Healthpeak Properties
DOC
|
+$21.6M |
| 5 |
Toyota
TM
|
+$19.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$308M |
| 2 |
Kimberly-Clark
KMB
|
+$149M |
| 3 |
NTT
Nippon Telegraph & Telephone
NTT
|
+$59.7M |
| 4 |
Broadcom
AVGO
|
+$57.2M |
| 5 |
Johnson & Johnson
JNJ
|
+$48.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.78% |
| 2 | Healthcare | 14.71% |
| 3 | Consumer Staples | 14.17% |
| 4 | Energy | 10.88% |
| 5 | Technology | 9.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Baxter International
BAX
$14B
| $46.6M | 0.54% |
1,234,199
+46,170
| +4% | +$1.97M |
|
52
TotalEnergies
TTE
$191B
| $46.5M | 0.54% |
706,773
-102,469
| -13% | -$6.34M |
|
53
Shell
SHEL
$248B
| $42.2M | 0.49% |
655,003
-10,566
| -2% | -$658K |
|
54
Sanofi
SNY
$104B
| $41.9M | 0.49% |
780,600
+15,949
| +2% | +$850K |
|
55
British American Tobacco
BTI
$127B
| $40.6M | 0.47% |
1,293,565
+46,608
| +4% | +$1.54M |
|
56
Boston Properties
BXP
$11B
| $38.4M | 0.45% |
646,396
-345,526
| -35% | -$22.1M |
|
|
57
Union Pacific
UNP
$175B
| $35.2M | 0.41% |
172,653
+148,541
| +616% | +$32.4M |
|
58
Woodside Energy
WDS
$43.2B
| $32.9M | 0.38% |
1,413,837
+26,720
| +2% | +$651K |
|
59
ASE Group
ASX
$81.9B
| $32.7M | 0.38% |
4,351,368
+712
| +0% | +$5.53K |
|
|
60
Crown Castle
CCI
$32.7B
| $30.4M | 0.36% |
+330,813
| New | +$34.3M |
|
61
ICICI Bank
IBN
$109B
| $28.8M | 0.34% |
1,244,210
+31,613
| +3% | +$744K |
|
62
TSMC
TSM
$2.17T
| $26.3M | 0.31% |
302,689
-37,528
| -11% | -$3.55M |
|
63
Copa Holdings
CPA
$5.8B
| $15.2M | 0.18% |
170,534
+21,740
| +15% | +$2.26M |
|
64
iShares MSCI India ETF
INDA
$6.6B
| $10.5M | 0.12% |
236,718
+34,423
| +17% | +$1.52M |
|
65
iShares MSCI Taiwan ETF
EWT
$10.6B
| $9.5M | 0.11% |
213,179
-5,398
| -2% | -$250K |
|
66
iShares MSCI South Korea ETF
EWY
$23.8B
| $8.23M | 0.1% |
139,694
-9,671
| -6% | -$614K |
|
67
Petrobras
PBR
$119B
| $8.09M | 0.09% |
539,360
+301,662
| +127% | +$4.29M |
|
68
Energy Transfer Partners
ET
$71.2B
| $6.11M | 0.07% |
435,619
-11,899
| -3% | -$158K |
|
69
Mondelez International
MDLZ
$80.1B
| $4.58M | 0.05% |
65,996
-6,573
| -9% | -$474K |
|
70
Oracle
ORCL
$413B
| $4.54M | 0.05% |
42,892
-11,873
| -22% | -$1.37M |
|
71
Enterprise Products Partners
EPD
$82.3B
| $4.38M | 0.05% |
160,055
+73,302
| +84% | +$1.96M |
|
72
Itaú Unibanco
ITUB
$90.2B
| $4.14M | 0.05% |
873,276
+654,866
| +300% | +$3.27M |
|
73
Eaton
ETN
$174B
| $3.91M | 0.05% |
18,313
-3,632
| -17% | -$783K |
|
74
American Express
AXP
$231B
| $3.63M | 0.04% |
24,337
-2,170
| -8% | -$355K |
|
75
Cigna
CI
$72.7B
| $3.58M | 0.04% |
12,518
-1,203
| -9% | -$343K |
|
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Cullen Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Cullen Capital Management held 321 positions worth $8.57B, down 24% from $11.2B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Cullen Capital Management withdrew a net $2.12B in Q3 2023, closing 116 positions and reducing 99 holdings. Its most notable exit was SIEMENS AKTIENGESELLSCHAFT ADS, an estimated $308M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 12% a quarter earlier, followed by Healthcare and Consumer Staples.
Against the trend, Cullen Capital Management opened a new position in Kenvue worth $208M.
- Cullen Capital Management's largest Q3 2023 buy was Kenvue: 10,354,907 shares worth $208M.
- Cullen Capital Management added most to Union Pacific in Q3 2023, an estimated $32.4M increase.
- Cullen Capital Management's biggest Q3 2023 reduction was Kimberly-Clark, cutting an estimated $149M.
- Cullen Capital Management fully exited SIEMENS AKTIENGESELLSCHAFT ADS in Q3 2023, selling an estimated $308M.
- Cullen Capital Management's ten largest holdings make up 29% of its $8.57B portfolio in Q3 2023.
- Cullen Capital Management opened 27 new positions and closed 116 in Q3 2023.
- Cullen Capital Management's portfolio value fell 24% quarter-over-quarter to $8.57B.
Based on Cullen Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.