Cullen/Frost Bankers
480 hedge funds and large institutions have $6.75B invested in Cullen/Frost Bankers in 2025 Q1 according to their latest regulatory filings, with 77 funds opening new positions, 151 increasing their positions, 174 reducing their positions, and 47 closing their positions.
371% more call options, than puts
Call options by funds: $24.3M | Put options by funds: $5.15M
64% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 47
5% more funds holding
Funds holding: 457 → 480 (+23)
2.74% less ownership
Funds ownership: 86.68% → 83.94% (-2.7%)
9% less capital invested
Capital invested by funds: $7.46B → $6.75B (-$707M)
13% less repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 174
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$70.3M |
| 2 |
Impax Asset Management Group
London,
United Kingdom
|
+$54.2M |
| 3 |
Goldman Sachs
New York
|
+$31M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$25.7M |
| 5 |
Morgan Stanley
New York
|
+$17.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$128M |
| 2 |
Neuberger Berman Group
New York
|
-$53.7M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$46.8M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$39M |
| 5 |
State Street
Boston,
Massachusetts
|
-$37.2M |
CFR Hedge Fund Activity: Q1 2025 in Review
480 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Cullen/Frost Bankers (CFR) for Q1 2025, worth a combined $6.75B — down 9.5% from $7.46B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new CFR positions and 47 closed out — a net gain of 30 holders — while 151 added to existing stakes and 174 trimmed.
The largest buyer was First Trust Advisors, adding an estimated $70.3M. The largest seller was Champlain Investment Partners, cutting an estimated $128M.
- 480 institutional investors held Cullen/Frost Bankers (CFR) as of Q1 2025, up from 457 in Q4 2024.
- Funds reported $6.75B of Cullen/Frost Bankers stock for Q1 2025, down 9.5% quarter-over-quarter.
- 77 funds opened new Cullen/Frost Bankers positions in Q1 2025 and 47 closed out, a net change of +30 holders.
- The largest Cullen/Frost Bankers buyer in Q1 2025 was First Trust Advisors, an estimated $70.3M added.
- The largest Cullen/Frost Bankers seller in Q1 2025 was Champlain Investment Partners, an estimated $128M sold.
Based on aggregated 13F filings for Q1 2025.