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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
+8.36%
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
$6.74B
AUM Growth
-$1.82B
Cap. Flow
-$2.29B
Cap. Flow %
-33.96%
Top 10 Hldgs %
27.55%
Holding
235
New
30
Increased
39
Reduced
127
Closed
23

Top Buys

Rank Stock Value
1
O icon
Realty Income
O
+$51.3M
2
CCI icon
Crown Castle
CCI
+$28.9M
3
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$28M
4
XLP icon
State Street Consumer Staples Select Sector SPDR ETF
XLP
+$27.3M
5
EFA icon
iShares MSCI EAFE ETF
EFA
+$26.4M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$112M
2
NVS icon
Novartis
NVS
+$105M
3
C icon
Citigroup
C
+$92.4M
4
BCE icon
BCE
BCE
+$91.6M
5
JPM icon
JPMorgan Chase
JPM
+$84.4M

Sector Composition

Rank Sector Weight
1 Financials 15.97%
2 Healthcare 13.1%
3 Consumer Staples 12.63%
4 Industrials 9.5%
5 Energy 9.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
D icon
176
Dominion Energy
D
$56.2B
$369K 0.01%
7,857
-661
-8% -$29.5K
XYL icon
177
Xylem
XYL
$25.1B
$368K 0.01%
3,221
-5
-0.2% -$499
CWT icon
178
California Water Service
CWT
$2.96B
$363K 0.01%
7,005
+1,745
+33% +$87.8K
RYN icon
179
Rayonier
RYN
$6.08B
$358K 0.01%
11,808
– –
BGSF icon
180
BGSF Inc
BGSF
$55M
$351K 0.01%
37,337
-4,520
-11% -$42.9K
LAUR icon
181
Laureate Education
LAUR
$4.94B
$351K 0.01%
+25,590
New +$351K
FORR icon
182
Forrester Research
FORR
$225M
$337K 0.01%
12,554
-12,769
-50% -$333K
CARR icon
183
Carrier Global
CARR
$45.8B
$336K 0.01%
5,845
+257
+5% +$13.6K
HTO
184
H2O America
HTO
$2.61B
$326K ﹤0.01%
+4,987
New +$316K
HIW icon
185
Highwoods Properties
HIW
$3.39B
$325K ﹤0.01%
+14,145
New +$282K
VNOM icon
186
Viper Energy
VNOM
$8.93B
$303K ﹤0.01%
9,670
-6,515
-40% -$193K
TTEK icon
187
Tetra Tech
TTEK
$9.4B
$291K ﹤0.01%
+8,715
New +$278K
PHIN icon
188
Phinia Inc
PHIN
$2.25B
$287K ﹤0.01%
9,477
-1,879
-17% -$50.4K
GWRS icon
189
Global Water Resources
GWRS
$250M
$276K ﹤0.01%
21,090
-25
-0.1% -$281
AMGN icon
190
Amgen
AMGN
$203B
$268K ﹤0.01%
930
-966
-51% -$263K
PLD icon
191
Prologis
PLD
$129B
$268K ﹤0.01%
2,009
– –
CAT icon
192
Caterpillar
CAT
$360B
$266K ﹤0.01%
900
– –
PCH
193
DELISTED
PotlatchDeltic
PCH
$262K ﹤0.01%
5,346
– –
MAS icon
194
Masco
MAS
$13.6B
$258K ﹤0.01%
3,856
-1,424
-27% -$82.7K
YORW icon
195
York Water
YORW
$533M
$257K ﹤0.01%
6,667
-9
-0.1% -$339
VNM icon
196
VanEck Vietnam ETF
VNM
$503M
$252K ﹤0.01%
19,526
-262
-1% -$3.41K
SR icon
197
Spire
SR
$4.74B
$246K ﹤0.01%
3,941
-5,273
-57% -$315K
WU icon
198
Western Union
WU
$2.14B
$246K ﹤0.01%
20,603
-13,567
-40% -$166K
POOL icon
199
Pool Corp
POOL
$6.06B
$240K ﹤0.01%
602
-1
-0.2% -$351
OTIS icon
200
Otis Worldwide
OTIS
$26.1B
$237K ﹤0.01%
2,646
– –
6 7
8
9 10

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WT
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SGA
Sustainable Growth Advisers Stamford, Connecticut $10.2B AUM 1.48% 1-Year Est. Return
CFB
Cullen/Frost Bankers San Antonio, Texas $10.1B AUM 29.18% 1-Year Est. Return
GIA
Gateway Investment Advisers Cincinnati, Ohio $10.1B AUM 40.26% 1-Year Est. Return
WPL
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HI
HBK Investments Dallas, Texas $10.2B AUM 67.73% 1-Year Est. Return
SOADOR
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MOACM
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Cullen Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Cullen Capital Management held 235 positions worth $6.74B, down 21% from $8.57B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Cullen Capital Management withdrew a net $2.29B in Q4 2023, closing 23 positions and reducing 127 holdings. Its most notable exit was Boston Properties, an estimated $38.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Healthcare and Consumer Staples.

Against the trend, Cullen Capital Management opened a new position in Realty Income worth $56.1M.

  • Cullen Capital Management's largest Q4 2023 buy was Realty Income: 976,598 shares worth $56.1M.
  • Cullen Capital Management added most to Crown Castle in Q4 2023, an estimated $28.9M increase.
  • Cullen Capital Management's biggest Q4 2023 reduction was Broadcom, cutting an estimated $112M.
  • Cullen Capital Management fully exited Boston Properties in Q4 2023, selling an estimated $38.4M.
  • Cullen Capital Management's ten largest holdings make up 28% of its $6.74B portfolio in Q4 2023.
  • Cullen Capital Management opened 30 new positions and closed 23 in Q4 2023.
  • Cullen Capital Management's portfolio value fell 21% quarter-over-quarter to $6.74B.

Based on Cullen Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.