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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
Cap. Flow
-$2.12B
Cap. Flow %
-24.74%
Top 10 Hldgs %
29.4%
Holding
321
New
27
Increased
56
Reduced
99
Closed
116

Top Buys

Rank Stock Value
1
KVUE icon
Kenvue
KVUE
+$240M
2
CCI icon
Crown Castle
CCI
+$34.3M
3
UNP icon
Union Pacific
UNP
+$32.4M
4
DOC icon
Healthpeak Properties
DOC
+$21.6M
5
TM icon
Toyota
TM
+$19.4M

Top Sells

Rank Stock Value
1
SI
SIEMENS AKTIENGESELLSCHAFT ADS
SI
+$308M
2
KMB icon
Kimberly-Clark
KMB
+$149M
3
NTT
Nippon Telegraph & Telephone
NTT
+$59.7M
4
AVGO icon
Broadcom
AVGO
+$57.2M
5
JNJ icon
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
CIG icon
201
CEMIG Preferred Shares
CIG
$6.12B
$35.6K ﹤0.01%
+19,110
New +$36.9K
GIS icon
202
General Mills
GIS
$19.3B
– –
-2,677
Closed -$205K
GLDG
203
GoldMining Inc
GLDG
$207M
– –
-2,191,743
Closed -$12.4M
HPQ icon
204
HP
HPQ
$25.8B
– –
-15,830
Closed -$486K
KTB icon
205
Kontoor Brands
KTB
$4.36B
– –
-8,427,281
Closed -$11.5M
RLJ icon
206
RLJ Lodging Trust
RLJ
$1.81B
– –
-15,170
Closed -$156K
TAL icon
207
TAL Education Group
TAL
$6.91B
– –
-111,423
Closed -$255K
TMO icon
208
Thermo Fisher Scientific
TMO
$214B
– –
-2,690
Closed -$1.4M
XLB icon
209
State Street Materials Select Sector SPDR ETF
XLB
$8.55B
– –
-43,354
Closed -$1.8M
XLE icon
210
State Street Energy Select Sector SPDR ETF
XLE
$38.1B
– –
-6,510
Closed -$264K
XLK icon
211
State Street Technology Select Sector SPDR ETF
XLK
$122B
– –
-4,106
Closed -$357K
XLY icon
212
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.9B
– –
-18,888
Closed -$1.6M
VE
213
DELISTED
VEOLIA ENVIRONNEMENT
VE
– –
-2,760,357
Closed -$43.9M
SI
214
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
– –
-3,696,503
Closed -$308M
DT
215
DELISTED
DEUTSCHE TELEKOM AG ADS (1ORD)
DT
– –
-1,764,341
Closed -$38.6M
NTT
216
DELISTED
Nippon Telegraph & Telephone
NTT
– –
-2,022,295
Closed -$59.7M
5 6 7 8
9

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URS
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MPI
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HL
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DCP
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CIM
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MF
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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.