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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
+4.01%
1 Year Est. Return
+21.81%
3 Year Est. Return
+48.84%
5 Year Est. Return
+62.4%
10 Year Est. Return
+166.06%
AUM
$1.73B
AUM Growth
-$51.4M
(-2.9%)
Cap. Flow
-$97.2M
Cap. Flow
% of AUM
-5.63%
Top 10 Holdings %
Top 10 Hldgs %
30.43%
Holding
132
New
11
Increased
29
Reduced
62
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$23.9M |
| 2 |
Johnson Controls International
JCI
|
+$23.6M |
| 3 |
Bank of America
BAC
|
+$20.1M |
| 4 |
General Dynamics
GD
|
+$19.8M |
| 5 |
United Parcel Service
UPS
|
+$16.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$44.4M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$44M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$18.8M |
| 4 |
PNC Financial Services
PNC
|
+$18.4M |
| 5 |
CVS Health
CVS
|
+$16.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.42% |
| 2 | Financials | 13.88% |
| 3 | Industrials | 12.5% |
| 4 | Consumer Staples | 11.98% |
| 5 | Technology | 8.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Johnson & Johnson
JNJ
$640B
| $59.8M | 3.47% |
401,920
+2,035
| +0.5% | +$301K |
|
2
Target
TGT
$66.3B
| $58.6M | 3.39% |
372,250
-29,985
| -7% | -$4.11M |
|
3
Novartis
NVS
$302B
| $56.1M | 3.25% |
644,935
-3,665
| -0.6% | -$318K |
|
4
JPMorgan Chase
JPM
$916B
| $54.2M | 3.14% |
563,281
-71,725
| -11% | -$7.04M |
|
|
UN
5
DELISTED
Unilever NV New York Registry Shares
UN
| $52.2M | 3.02% |
864,280
-2,556
| -0.3% | -$148K |
|
6
Genuine Parts
GPC
$17.9B
| $51.2M | 2.96% |
537,471
-7,626
| -1% | -$710K |
|
7
NextEra Energy
NEE
$184B
| $51M | 2.96% |
735,580
-108,032
| -13% | -$7.46M |
|
8
Philip Morris
PM
$309B
| $48.9M | 2.83% |
652,055
-60,235
| -8% | -$4.65M |
|
9
BCE
BCE
$20.8B
| $47.2M | 2.74% |
1,139,215
-27,265
| -2% | -$1.15M |
|
10
Merck
MRK
$322B
| $46.1M | 2.67% |
581,828
-1,771
| -0.3% | -$139K |
|
11
RTX Corp
RTX
$290B
| $45.1M | 2.61% |
783,298
+14,974
| +2% | +$912K |
|
12
Kimberly-Clark
KMB
$37.6B
| $44M | 2.55% |
297,657
| – | – |
|
13
Pfizer
PFE
$143B
| $42.8M | 2.48% |
1,230,118
-290,117
| -19% | -$10.2M |
|
14
Morgan Stanley
MS
$319B
| $42.7M | 2.47% |
882,705
-10,190
| -1% | -$513K |
|
|
15
Johnson Controls International
JCI
$85.1B
| $42.2M | 2.44% |
1,032,763
+603,110
| +140% | +$23.6M |
|
16
Intel
INTC
$413B
| $40.6M | 2.35% |
784,342
-169,783
| -18% | -$8.83M |
|
17
Medtronic
MDT
$112B
| $39.9M | 2.31% |
383,715
+148,917
| +63% | +$15M |
|
18
Chubb
CB
$140B
| $39.6M | 2.29% |
341,031
-22,235
| -6% | -$2.79M |
|
19
Chevron
CVX
$382B
| $39.2M | 2.27% |
544,695
+3,925
| +0.7% | +$330K |
|
20
Cisco
CSCO
$443B
| $39M | 2.26% |
990,164
-136,061
| -12% | -$5.93M |
|
21
Lowe's Companies
LOW
$121B
| $38.7M | 2.24% |
233,609
-3,768
| -2% | -$580K |
|
22
AT&T
T
$164B
| $38.4M | 2.23% |
1,784,540
-194,562
| -10% | -$4.35M |
|
|
SI
23
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $36.9M | 2.14% |
530,315
-108,903
| -17% | -$7.59M |
|
24
3M
MMM
$91.8B
| $33.1M | 1.92% |
247,100
-41
| -0% | -$5.51K |
|
25
Healthpeak Properties
DOC
$15.5B
| $32M | 1.85% |
1,176,948
-14,550
| -1% | -$399K |
|
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Cullen Capital Management's Q3 2020 Portfolio in Review
As of Q3 2020, Cullen Capital Management held 132 positions worth $1.73B, down 2.9% from $1.78B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Cullen Capital Management withdrew a net $97.2M in Q3 2020, closing 10 positions and reducing 62 holdings. Its most notable exit was State Street Financial Select Sector SPDR ETF, an estimated $44.4M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Financials and Industrials.
Against the trend, Cullen Capital Management opened a new position in Broadcom worth $26M.
- Cullen Capital Management's largest Q3 2020 buy was Broadcom: 714,330 shares worth $26M.
- Cullen Capital Management added most to Johnson Controls International in Q3 2020, an estimated $23.6M increase.
- Cullen Capital Management's biggest Q3 2020 reduction was Microsoft, cutting an estimated $14.5M.
- Cullen Capital Management fully exited State Street Financial Select Sector SPDR ETF in Q3 2020, selling an estimated $44.4M.
- Cullen Capital Management's ten largest holdings make up 30% of its $1.73B portfolio in Q3 2020.
- Cullen Capital Management opened 11 new positions and closed 10 in Q3 2020.
- Cullen Capital Management's portfolio value fell 2.9% quarter-over-quarter to $1.73B.
Based on Cullen Capital Management's 13F filing for Q3 2020, filed 2 Nov 2020.