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
76	76 Verizon VZ $174B	$23.1M	0.32%	509,284 +3,859	+0.8%	+$175K
77	77 Stryker SYK $149B	$22.8M	0.32%	61,236 +520	+0.9%	+$194K
78	78 Merck MRK $207B	$22.6M	0.32%	251,553 -71,973	-22%	-$6.46M
79	79 Walt Disney DIS $215B	$22.6M	0.32%	228,742 +4,057	+2%	+$400K
80	80 Abbott ABT $229B	$22.5M	0.31%	169,447 +1,534	+0.9%	+$203K
81	81 Hess HES $45.6B	$22.2M	0.31%	138,815 +1,418	+1%	+$226K
82	82 T-Mobile US TMUS $260B	$22M	0.31%	82,634 -257	-0.3%	-$68.5K
83	83 Adobe ADBE $153B	$21.9M	0.31%	57,231 +1,357	+2%	+$520K
84	84 Cummins CMI $47.6B	$21.7M	0.3%	69,261 +690	+1%	+$216K
85	85 IBM IBM $262B	$21.2M	0.3%	85,259 +1,020	+1%	+$254K
86	86 Intercontinental Exchange ICE $104B	$20.3M	0.28%	117,674 +1,068	+0.9%	+$184K
87	87 Valero Energy VLO $44.8B	$20.1M	0.28%	151,818 -411	-0.3%	-$54.3K
88	88 Blackstone BX $127B	$20M	0.28%	142,962 +2,531	+2%	+$354K
89	89 CME Group CME $100B	$19.9M	0.28%	75,000 +1,088	+1%	+$289K
90	90 Canadian Pacific Kansas City CP $75.2B	$19.8M	0.28%	282,548 -8,274	-3%	-$581K
91	91 Workday WDAY $60.4B	$19.3M	0.27%	82,814 -1,354	-2%	-$316K
92	92 Vanguard Tax-Exempt Bond Index Fund VTEB $37.5B	$19.3M	0.27%	389,564 -80,921	-17%	-$4.02M
93	93 Evergy EVRG $15.7B	$19.2M	0.27%	278,796 +7,957	+3%	+$549K
94	94 Aon AON $76.6B	$18.8M	0.26%	47,001 +480	+1%	+$192K
95	95 GE Aerospace GE $284B	$18.7M	0.26%	93,651 +4,672	+5%	+$935K
96	96 AT&T T $194B	$18.6M	0.26%	657,349 -53,657	-8%	-$1.52M
97	97 TJX Companies TJX $135B	$17.7M	0.25%	145,470 +1,733	+1%	+$211K
98	98 Progressive PGR $144B	$17.7M	0.25%	62,430 +3,501	+6%	+$991K
99	99 iShares S&P 500 Growth ETF IVW $61.4B	$17.6M	0.25%	189,965 -3,068	-2%	-$285K
100	100 Berkshire Hathaway Class A BRK.A $1.02T	$17.6M	0.25%	22	–	–