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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
+6.7%
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
$8.98B
AUM Growth
+$2.24B
Cap. Flow
+$1.76B
Cap. Flow %
19.59%
Top 10 Hldgs %
28.51%
Holding
231
New
19
Increased
101
Reduced
65
Closed
34

Top Buys

Rank Stock Value
1
NVS icon
Novartis
NVS
+$133M
2
BAC icon
Bank of America
BAC
+$105M
3
UPS icon
United Parcel Service
UPS
+$86.9M
4
CSCO icon
Cisco
CSCO
+$72.3M
5
TFC icon
Truist Financial
TFC
+$69M

Top Sells

Rank Stock Value
1
O icon
Realty Income
O
+$56.1M
2
UNP icon
Union Pacific
UNP
+$37M
3
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$32.6M
4
XLP icon
State Street Consumer Staples Select Sector SPDR ETF
XLP
+$30.5M
5
MRK icon
Merck
MRK
+$29.8M

Sector Composition

Rank Sector Weight
1 Financials 18.45%
2 Consumer Staples 13.48%
3 Healthcare 13.44%
4 Industrials 9.87%
5 Energy 9.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPM icon
1
JPMorgan Chase
JPM
$916B
$324M 3.61%
1,618,109
+324,446
+25% +$58.5M
NVS icon
2
Novartis
NVS
$302B
$283M 3.15%
2,924,424
+1,295,186
+79% +$133M
MS icon
3
Morgan Stanley
MS
$319B
$255M 2.84%
2,706,302
+549,669
+25% +$48.4M
XOM icon
4
ExxonMobil
XOM
$650B
$252M 2.81%
2,168,869
+472,748
+28% +$49.5M
BAC icon
5
Bank of America
BAC
$429B
$249M 2.77%
6,561,816
+3,048,938
+87% +$105M
CSCO icon
6
Cisco
CSCO
$443B
$243M 2.7%
4,864,489
+1,448,301
+42% +$72.3M
CVX icon
7
Chevron
CVX
$382B
$241M 2.68%
1,526,412
+325,662
+27% +$49.1M
RTX icon
8
RTX Corp
RTX
$290B
$239M 2.66%
2,451,588
+426,015
+21% +$38.5M
CB icon
9
Chubb
CB
$140B
$238M 2.65%
918,307
+206,335
+29% +$50.7M
GD icon
10
General Dynamics
GD
$103B
$237M 2.64%
840,051
+163,860
+24% +$43.8M
MDT icon
11
Medtronic
MDT
$112B
$236M 2.62%
2,704,790
+643,941
+31% +$55M
DUK icon
12
Duke Energy
DUK
$101B
$233M 2.6%
2,411,631
+511,040
+27% +$48.5M
JCI icon
13
Johnson Controls International
JCI
$85.1B
$230M 2.56%
3,518,639
+731,179
+26% +$42.6M
PM icon
14
Philip Morris
PM
$309B
$226M 2.51%
2,465,699
+594,890
+32% +$54.9M
MRK icon
15
Merck
MRK
$322B
$220M 2.44%
1,663,663
-241,386
-13% -$29.8M
CMCSA icon
16
Comcast
CMCSA
$87.3B
$218M 2.43%
5,040,210
+1,154,593
+30% +$49.8M
DOW icon
17
Dow Inc
DOW
$22B
$209M 2.32%
3,599,767
+854,485
+31% +$47.2M
KVUE icon
18
Kenvue
KVUE
$38B
$208M 2.31%
9,677,157
+2,829,322
+41% +$57.4M
AVGO icon
19
Broadcom
AVGO
$1.76T
$201M 2.24%
1,514,860
+337,590
+29% +$41.8M
JNJ icon
20
Johnson & Johnson
JNJ
$640B
$199M 2.22%
1,260,729
+342,730
+37% +$54.6M
VICI icon
21
VICI Properties
VICI
$29.9B
$198M 2.2%
6,642,636
+1,297,157
+24% +$38.9M
TFC icon
22
Truist Financial
TFC
$63.9B
$194M 2.16%
4,974,632
+1,885,663
+61% +$69M
GPC icon
23
Genuine Parts
GPC
$17.9B
$184M 2.04%
1,184,532
+304,537
+35% +$44.4M
NEE icon
24
NextEra Energy
NEE
$184B
$183M 2.04%
2,868,452
+1,127,990
+65% +$66.1M
BCE icon
25
BCE
BCE
$20.8B
$182M 2.03%
5,362,702
+1,778,501
+50% +$67.7M
1
2 3 4 5

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MPI
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Cullen Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Cullen Capital Management held 231 positions worth $8.98B, up 33% from $6.74B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Cullen Capital Management deployed $1.76B of net new capital in Q1 2024, opening 19 new positions and adding to 101 existing holdings. Its largest new stake was Kellanova: 887,685 shares worth $50.9M.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 16% a quarter earlier, followed by Consumer Staples and Healthcare.

On the sell side, the largest reduction was Union Pacific, an estimated $37M trimmed.

  • Cullen Capital Management's largest Q1 2024 buy was Kellanova: 887,685 shares worth $50.9M.
  • Cullen Capital Management added most to Novartis in Q1 2024, an estimated $133M increase.
  • Cullen Capital Management's biggest Q1 2024 reduction was Union Pacific, cutting an estimated $37M.
  • Cullen Capital Management fully exited Realty Income in Q1 2024, selling an estimated $56.1M.
  • Cullen Capital Management's ten largest holdings make up 29% of its $8.98B portfolio in Q1 2024.
  • Cullen Capital Management opened 19 new positions and closed 34 in Q1 2024.
  • Cullen Capital Management's portfolio value rose 33% quarter-over-quarter to $8.98B.

Based on Cullen Capital Management's 13F filing for Q1 2024, filed 15 May 2024.