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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
+12.69%
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
$7.79B
AUM Growth
-$1.54B
(-17%)
Cap. Flow
-$3.03B
Cap. Flow
% of AUM
-38.94%
Top 10 Holdings %
Top 10 Hldgs %
27.85%
Holding
295
New
15
Increased
31
Reduced
136
Closed
94
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VE
VEOLIA ENVIRONNEMENT
VE
|
+$21.4M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$13M |
| 3 |
State Street Communication Services Select Sector SPDR ETF
XLC
|
+$11.4M |
| 4 |
State Street Real Estate Select Sector SPDR ETF
XLRE
|
+$7.81M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$7.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kontoor Brands
KTB
|
+$297M |
| 2 |
Medtronic
MDT
|
+$212M |
| 3 |
Chubb
CB
|
+$209M |
| 4 |
Johnson Controls International
JCI
|
+$181M |
| 5 |
ExxonMobil
XOM
|
+$96.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.06% |
| 2 | Financials | 11.91% |
| 3 | Consumer Staples | 11.56% |
| 4 | Industrials | 10.01% |
| 5 | Energy | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Novartis
NVS
$302B
| $253M | 3.25% |
2,787,713
-679,560
| -20% | -$57.2M |
|
2
Merck
MRK
$322B
| $233M | 2.99% |
2,096,520
-776,001
| -27% | -$79.3M |
|
3
Johnson & Johnson
JNJ
$640B
| $219M | 2.81% |
1,238,988
-388,232
| -24% | -$67M |
|
|
4
ExxonMobil
XOM
$650B
| $216M | 2.78% |
1,961,084
-900,244
| -31% | -$96.5M |
|
|
SI
5
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $216M | 2.77% |
3,136,570
-509,306
| -14% | -$35M |
|
6
Chevron
CVX
$382B
| $215M | 2.76% |
1,198,435
-385,537
| -24% | -$67.3M |
|
7
JPMorgan Chase
JPM
$916B
| $214M | 2.74% |
1,594,750
-463,095
| -23% | -$58.7M |
|
8
BCE
BCE
$20.8B
| $209M | 2.68% |
4,754,415
-813,816
| -15% | -$36.6M |
|
9
RTX Corp
RTX
$290B
| $204M | 2.62% |
2,021,544
-757,556
| -27% | -$71.3M |
|
10
Morgan Stanley
MS
$319B
| $192M | 2.47% |
2,261,038
-631,805
| -22% | -$53.8M |
|
11
Duke Energy
DUK
$101B
| $190M | 2.43% |
1,842,389
-358,746
| -16% | -$34.4M |
|
12
Philip Morris
PM
$309B
| $184M | 2.36% |
1,819,089
-737,864
| -29% | -$69.6M |
|
13
Broadcom
AVGO
$1.76T
| $179M | 2.3% |
3,199,770
-876,360
| -21% | -$43.9M |
|
14
Genuine Parts
GPC
$17.9B
| $176M | 2.25% |
1,011,864
-529,380
| -34% | -$92.1M |
|
15
NextEra Energy
NEE
$184B
| $172M | 2.2% |
2,051,741
-581,678
| -22% | -$47M |
|
16
Unilever
UL
$142B
| $165M | 2.12% |
2,909,518
-886,054
| -23% | -$47.4M |
|
17
VICI Properties
VICI
$29.9B
| $161M | 2.06% |
4,964,818
-906,495
| -15% | -$29.1M |
|
18
Pfizer
PFE
$143B
| $156M | 2% |
3,047,140
-937,743
| -24% | -$45M |
|
19
Cisco
CSCO
$443B
| $153M | 1.97% |
3,217,315
-975,485
| -23% | -$44.4M |
|
20
General Dynamics
GD
$103B
| $140M | 1.79% |
562,443
-169,209
| -23% | -$41.3M |
|
21
Healthpeak Properties
DOC
$15.5B
| $138M | 1.77% |
5,511,702
-1,973,544
| -26% | -$48M |
|
22
ConocoPhillips
COP
$144B
| $136M | 1.74% |
1,150,681
-597,238
| -34% | -$72.6M |
|
23
Bank of America
BAC
$429B
| $131M | 1.68% |
3,952,485
-1,227,605
| -24% | -$42.3M |
|
24
Dow Inc
DOW
$22B
| $128M | 1.65% |
2,544,518
-937,557
| -27% | -$45.8M |
|
25
Truist Financial
TFC
$63.9B
| $127M | 1.63% |
2,960,159
-813,805
| -22% | -$35.7M |
|
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Cullen Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, Cullen Capital Management held 295 positions worth $7.79B, down 17% from $9.33B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Cullen Capital Management withdrew a net $3.03B in Q4 2022, closing 94 positions and reducing 136 holdings. Its most notable exit was Medtronic, an estimated $212M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 13% a quarter earlier, followed by Financials and Consumer Staples.
Against the trend, Cullen Capital Management opened a new position in VEOLIA ENVIRONNEMENT worth $21.4M.
- Cullen Capital Management's largest Q4 2022 buy was VEOLIA ENVIRONNEMENT: 830,988 shares worth $21.4M.
- Cullen Capital Management added most to State Street Financial Select Sector SPDR ETF in Q4 2022, an estimated $13M increase.
- Cullen Capital Management's biggest Q4 2022 reduction was Kontoor Brands, cutting an estimated $297M.
- Cullen Capital Management fully exited Medtronic in Q4 2022, selling an estimated $212M.
- Cullen Capital Management's ten largest holdings make up 28% of its $7.79B portfolio in Q4 2022.
- Cullen Capital Management opened 15 new positions and closed 94 in Q4 2022.
- Cullen Capital Management's portfolio value fell 17% quarter-over-quarter to $7.79B.
Based on Cullen Capital Management's 13F filing for Q4 2022, filed 16 Feb 2023.