CFB

Cullen/Frost Bankers Portfolio holdings

AUM $7.14B

This Quarter Return

-1.7%

1 Year Return

+11.19%

3 Year Return

+39.62%

5 Year Return

+160.06%

10 Year Return

+279.35%

AUM

$7.14B

AUM Growth

-$179M (-2%)

Cap. Flow

+$59.8M

Cap. Flow % of AUM

0.84%

Top 10 Holdings %Top 10 Hldgs %

28.03%

Holding

1,528

New

177

Increased

546

Reduced

343

Closed

240

Top Buys

1	iShares MSCI Emerging Markets ex China ETF EMXC	$10.4M
2	Oracle ORCL	$9.84M
3	iShares Russell Mid-Cap Growth ETF IWP	$9.71M
4	Citigroup C	$9.55M
5	iShares MSCI EAFE ETF EFA	$8.99M

Top Sells

1	iShares 20+ Year Treasury Bond ETF TLT	$24.9M
2	Lennar Class A LEN	$8.54M
3	FlexShares Global Upstream Natural Resources Index Fund GUNR	$7.75M
4	Merck MRK	$6.46M
5	abrdn Physical Precious Metals Basket Shares ETF GLTR	$6.45M

Sector Composition

1	Technology	22.07%
2	Financials	11.46%
3	Healthcare	8.79%
4	Consumer Discretionary	7.85%
5	Communication Services	6.77%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Berkshire Hathaway Class B BRK.B $1.03T	$72.4M	1.01%	136,006 -39	-0%	-$20.8K
27	27 iShares Russell 1000 Value ETF IWD $62.7B	$67.6M	0.95%	359,247 +5,258	+1%	+$989K
28	28 Exxon Mobil XOM $488B	$61M	0.85%	512,518 -16,792	-3%	-$2M
29	29 Johnson & Johnson JNJ $376B	$57.2M	0.8%	344,647 +2,223	+0.7%	+$369K
30	30 UnitedHealth UNH $272B	$54.5M	0.76%	104,031 -3,423	-3%	-$1.79M
31	31 Procter & Gamble PG $360B	$52.1M	0.73%	305,704 -3,463	-1%	-$590K
32	32 ServiceNow NOW $199B	$51M	0.71%	64,065 -1,402	-2%	-$1.12M
33	33 Chevron CVX $263B	$45.8M	0.64%	273,502 +7,079	+3%	+$1.18M
34	34 Oracle ORCL $647B	$45.1M	0.63%	322,904 +70,352	+28%	+$9.84M
35	35 Coca-Cola KO $300B	$45M	0.63%	628,180 -11,297	-2%	-$809K
36	36 Arthur J. Gallagher & Co AJG $80.5B	$44.6M	0.63%	129,230 +10,942	+9%	+$3.78M
37	37 Philip Morris PM $281B	$43.9M	0.62%	276,627 +1,403	+0.5%	+$223K
38	38 iShares Core US Aggregate Bond ETF AGG $128B	$43.5M	0.61%	440,002 -7,943	-2%	-$786K
39	39 Walmart WMT $762B	$43.2M	0.61%	492,183 +5,749	+1%	+$505K
40	40 Union Pacific UNP $139B	$41.2M	0.58%	174,347 -130	-0.1%	-$30.7K
41	41 Bank of America BAC $353B	$41.1M	0.58%	983,937 -6,705	-0.7%	-$280K
42	42 Eaton ETN $140B	$40.5M	0.57%	149,164 +3,844	+3%	+$1.04M
43	43 iShares 20+ Year Treasury Bond ETF TLT $47B	$40.3M	0.56%	442,716 -273,708	-38%	-$24.9M
44	44 Intuitive Surgical ISRG $186B	$38.3M	0.54%	77,382 +1,387	+2%	+$687K
45	45 American Express AXP $224B	$36.7M	0.51%	136,368 +337	+0.3%	+$90.7K
46	46 Boston Scientific BSX $154B	$36.4M	0.51%	360,799 -3,475	-1%	-$351K
47	47 Corning GLW $45.3B	$36.2M	0.51%	791,149 +10,450	+1%	+$478K
48	48 Vanguard FTSE All-World ex-US ETF VEU $46.1B	$36M	0.5%	592,690 +30,753	+5%	+$1.87M
49	49 Booking.com BKNG $187B	$35.6M	0.5%	7,727 -232	-3%	-$1.07M
50	50 O'Reilly Automotive ORLY $79.2B	$35.2M	0.49%	24,593 -591	-2%	-$847K