Cullen/Frost Bankers, Inc.

San Antonio, TX · CIK 39263 · 13F filing filed 2026-07-27

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityCULLEN/FROST BANKERS, INC. (US)

Other 13F filers in this group: Frost Investment Advisors, LLC files a notice

Kindmutual funds, institutions, futures
Others nearbySan Antonio, TX, Jbsa Ft Sam Houston, TX, Houston, TX, Austin, TX, Fort Worth, TX, Dallas, TX
FamilyCullen/Frost Bankers, Inc. · 3 related pages

As an employer

US visa salary filings

Filings FY2024–202626
Median salary offered$136,000
Middle half$130,625 – $157,003
Job titles15

Job title	Filings	Median	Range
Software Engineer IiiSan Antonio, TX	5	$149,968	$132,600 – $158,500
Senior Solutions ArchitectSan Antonio, TX	3	$187,200	$167,650 – $215,000
Staff EngineerSan Antonio, TX	3	$165,000	$150,000 – $168,000
Software EngineerSan Antonio, TX	3	$125,000	$118,000 – $135,000
Data Engineer IiiDallas, TX	2	$142,359	$135,000 – $149,718
Solutions ArchitectSan Antonio, TX	1	$162,000
Engineer Ii - DatabaseSan Antonio, TX	1	$137,000
Software Engineer - IntegrationSan Antonio, TX	1	$135,000
Software Engineer Iii – Application DevelopmentSan Antonio, TX	1	$135,000
Database AdministratorSan Antonio, TX	1	$132,500
Software Engineer Iii – PaymentsSan Antonio, TX	1	$130,000
Quality Engineering ArchitectSan Antonio, TX	1	$128,000

3 more job titles

Engineer Iii - NetworkSan Antonio, TX	1	$122,648
Quality Engineering Analyst IiiSan Antonio, TX	1	$103,208
User Experience Designer IiSan Antonio, TX	1	$89,675

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Cullen/Frost Bankers, Inc., Frost Bank.

$10.1bn reported value +15.2% vs Q1 2026

1,418positions

31.5%in top 10

124 new 597 added 411 reduced 99 sold out vs Q1 2026

This report includes the holdings of 3 other managers that share the investment decisions:

Frost Bank - FWA – no 13F of its own this quarter
Frost Investment Advisors, LLC – no 13F of its own this quarter
Frost Investment Services, LLC – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	1,882,904	$544.8m5.37%	5.37%	Reduced -7.1k	-7,073 -0.4%
2	PUTNAM ETF TRUST FOCUSED LAR CAP PVAL	PVAL	8,610,022	$438.7m4.32%	4.32%	Added +886.2k	+886,178 11.5%
3	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	4,180,396	$360.1m3.55%	3.55%	Added +242.9k	+242,860 6.2%
4	MICROSOFT CORP COM MSFT	MSFT	901,874	$336.4m3.32%	3.32%	Reduced -9.5k	-9,478 -1.0%
5	NVIDIA CORPORATION COM NVDA	NVDA	1,635,716	$327.3m3.23%	3.23%	Reduced -8.9k	-8,917 -0.5%
6	ISHARES INC MSCI EMRG CHN EMXC	EMXC	3,105,139	$317.7m3.13%	3.13%	Added +541.8k	+541,793 21.1%
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	660,759	$236.1m2.33%	2.33%	Added +6.9k	+6,933 1.1%
8	AMAZON COM INC COM AMZN	AMZN	890,254	$212.2m2.09%	2.09%	Reduced -60.6k	-60,577 -6.4%
9	ISHARES TR MSCI EAFE ETF EFA	EFA	2,040,031	$211.9m2.09%	2.09%	Added +26.8k	+26,808 1.3%
10	BROADCOM INC COM AVGO	AVGO	548,367	$207.1m2.04%	2.04%	Added +13.6k	+13,641 2.5%
11	CORNING INC COM GLW	GLW	770,075	$196.7m1.94%	1.94%	Reduced -2.4k	-2,407 -0.3%
12	VANGUARD INDEX FDS SMALL CP ETF VB	VB	600,979	$182.2m1.80%	1.80%	Added +10.9k	+10,886 1.8%
13	ALPHABET INC CAP STK CL C GOOG	GOOG	500,364	$176.8m1.74%	1.74%	Reduced -1.3k	-1,267 -0.2%
14	ISHARES TR RUS MD CP GR ETF IWP	IWP	1,188,094	$173.9m1.71%	1.71%	Reduced -85.8k	-85,784 -6.7%
15	ISHARES TR RUS 1000 GRW ETF IWF	IWF	1,288,814	$160.0m1.58%	1.58%	Reduced -20.7k	-20,698 -1.6%
16	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	188,706	$140.9m1.39%	1.39%	Added +8.0k	+7,985 4.4%
17	VANGUARD INDEX FDS MID CAP ETF VO	VO	1,657,960	$133.6m1.32%	1.32%	Reduced -110.0k	-109,996 -6.2%
18	ELI LILLY & CO COM LLY	LLY	101,158	$121.3m1.20%	1.20%	Reduced -2.7k	-2,692 -2.6%
19	NEW YORK LIFE INVTS ACTIVE E NYLI WINSLOW LAR IWLG	IWLG	2,109,171	$119.4m1.18%	1.18%	Reduced -40.9k	-40,887 -1.9%
20	VISA INC COM CL A V	V	344,057	$118.0m1.16%	1.16%	Reduced -4.6k	-4,631 -1.3%
21	META PLATFORMS INC CL A META	META	205,270	$115.6m1.14%	1.14%	Reduced -2.2k	-2,203 -1.1%
22	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	768,428	$113.5m1.12%	1.12%	Reduced -56.9k	-56,918 -6.9%
23	JPMORGAN CHASE & CO COM JPM	JPM	343,499	$112.4m1.11%	1.11%	Added +2.1k	+2,107 0.6%
24	ISHARES TR RUS 1000 VAL ETF IWD	IWD	442,652	$107.3m1.06%	1.06%	Added +7.6k	+7,574 1.7%
25	KLA CORP COM NEW KLAC	KLAC	337,368	$101.8m1.00%	1.00%	Added +20.7k	+20,718 6.5%
26	ABBVIE INC COM ABBV	ABBV	341,851	$86.0m0.85%	0.85%	Reduced -16.5k	-16,477 -4.6%
27	CISCO SYS INC COM CSCO	CSCO	709,810	$83.4m0.82%	0.82%	Added +24.8k	+24,783 3.6%
28	COSTCO WHSL CORP NEW COM COST	COST	87,315	$81.7m0.81%	0.81%	Reduced -1.1k	-1,133 -1.3%
29	MASTERCARD INCORPORATED CL A MA	MA	155,399	$79.8m0.79%	0.79%	Reduced -3.1k	-3,144 -2.0%
30	JOHNSON & JOHNSON COM JNJ	JNJ	308,337	$78.3m0.77%	0.77%	Reduced -815	-815 -0.3%
31	EXXON MOBIL CORP COM XOM	XOM	516,857	$70.7m0.70%	0.70%	Added +14.1k	+14,114 2.8%
32	CHEVRON CORP NEW COM CVX	CVX	413,845	$68.6m0.68%	0.68%	Added +1.4k	+1,428 0.3%
33	EATON CORP PLC SHS ETN	ETN	156,463	$66.7m0.66%	0.66%	Added +291	+291 0.2%
34	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	747,233	$62.6m0.62%	0.62%	Added +25.3k	+25,273 3.5%
35	HOME DEPOT INC COM HD	HD	176,342	$62.2m0.61%	0.61%	Reduced -3.3k	-3,317 -1.9%
36	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	123,714	$61.9m0.61%	0.61%	Reduced -5.8k	-5,832 -4.5%
37	CAPITAL GROUP DIVIDEND VALUE SHS CREATION UNI CGDV	CGDV	1,222,092	$60.2m0.59%	0.59%	Added +1.1m	+1,075,028 731.0%
38	ISHARES TR CORE US AGGBD ET AGG	AGG	588,927	$58.3m0.57%	0.57%	Added +30.1k	+30,076 5.4%
39	WALMART INC COM WMT	WMT	511,092	$57.9m0.57%	0.57%	Reduced -7.9k	-7,934 -1.5%
40	BANK AMERICA CORP COM BAC	BAC	1,005,065	$57.3m0.56%	0.56%	Reduced -21.5k	-21,511 -2.1%
41	ADVANCED MICRO DEVICES INC COM AMD	AMD	93,696	$54.4m0.54%	0.54%	Added +4.0k	+3,955 4.4%
42	TEXAS INSTRS INC COM TXN	TXN	172,984	$51.6m0.51%	0.51%	Added +26.8k	+26,830 18.4%
43	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	833,272	$49.7m0.49%	0.49%	Added +107.3k	+107,284 14.8%
44	COCA COLA CO COM KO	KO	607,084	$49.3m0.49%	0.49%	Reduced -3.0k	-3,027 -0.5%
45	LAM RESEARCH CORP COM NEW LRCX	LRCX	113,089	$49.0m0.48%	0.48%	Reduced -5.4k	-5,386 -4.5%
46	PHILIP MORRIS INTL INC COM PM	PM	269,279	$48.7m0.48%	0.48%	Reduced -925	-925 -0.3%
47	CUMMINS INC COM CMI	CMI	65,761	$46.9m0.46%	0.46%	Reduced -640	-640 -1.0%
48	AMERICAN EXPRESS CO COM AXP	AXP	137,049	$46.4m0.46%	0.46%	Added +1.0k	+1,010 0.7%
49	UNITEDHEALTH GROUP INC COM UNH	UNH	110,963	$46.1m0.45%	0.45%	Added +28.4k	+28,436 34.5%
50	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	1,421,380	$45.1m0.44%	0.44%	Reduced -165.7k	-165,748 -10.4%
51	ORACLE CORP COM ORCL	ORCL	303,361	$44.5m0.44%	0.44%	Reduced -3.0k	-2,956 -1.0%
52	ENTERGY CORP NEW COM ETR	ETR	380,289	$43.7m0.43%	0.43%	Reduced -935	-935 -0.2%
53	VALERO ENERGY CORP COM VLO	VLO	163,201	$42.5m0.42%	0.42%	Reduced -2.3k	-2,301 -1.4%
54	APPLIED MATLS INC COM AMAT	AMAT	58,680	$42.4m0.42%	0.42%	Added +1.5k	+1,484 2.6%
55	GE AEROSPACE COM NEW GE	GE	113,470	$42.4m0.42%	0.42%	Added +3.2k	+3,189 2.9%
56	MERCK & CO INC COM MRK	MRK	309,626	$39.8m0.39%	0.39%	Added +8.7k	+8,684 2.9%
57	PROCTER AND GAMBLE CO COM PG	PG	270,846	$39.7m0.39%	0.39%	Added +196	+196 0.1%
58	GE VERNOVA INC COM GEV	GEV	32,692	$38.4m0.38%	0.38%	Reduced -192	-192 -0.6%
59	AMERICAN ELEC PWR CO INC COM AEP	AEP	273,608	$37.4m0.37%	0.37%	Added +8.0k	+8,039 3.0%
60	CITIGROUP INC COM NEW C	C	257,659	$36.1m0.36%	0.36%	Added +8.1k	+8,074 3.2%
61	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	88,175	$35.1m0.35%	0.35%	Added +1.4k	+1,422 1.6%
62	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	50,928	$35.0m0.34%	0.34%	Reduced -588	-588 -1.1%
63	TESLA INC COM TSLA	TSLA	82,119	$34.5m0.34%	0.34%	Added +6.5k	+6,504 8.6%
64	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	358,096	$33.0m0.33%	0.33%	Reduced -8.0k	-8,020 -2.2%
65	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	412,366	$32.1m0.32%	0.32%	Reduced -43	-43 -0.0%
66	UNION PAC CORP COM UNP	UNP	114,769	$31.2m0.31%	0.31%	Added +3.2k	+3,188 2.9%
67	ABRDN PRECIOUS METALS BASKET PHYSCL PRECS MET GLTR	GLTR	169,965	$30.8m0.30%	0.30%	Reduced -8.7k	-8,733 -4.9%
68	BOOKING HOLDINGS INC COM BKNG	BKNG	171,826	$30.6m0.30%	0.30%	Reduced -3.7k	-3,724 -2.1%
69	NETFLIX INC COM NFLX	NFLX	413,320	$29.5m0.29%	0.29%	Reduced -6.9k	-6,867 -1.6%
70	TRAVELERS COMPANIES INC COM TRV	TRV	88,932	$29.4m0.29%	0.29%	Added +691	+691 0.8%
71	SERVICENOW INC COM NOW	NOW	290,633	$28.9m0.28%	0.28%	Reduced -2.2k	-2,211 -0.8%
72	ANALOG DEVICES INC COM ADI	ADI	71,064	$28.2m0.28%	0.28%	Added +4.1k	+4,089 6.1%
73	MOODYS CORP COM MCO	MCO	61,717	$28.0m0.28%	0.28%	Reduced -432	-432 -0.7%
74	ARISTA NETWORKS INC COM SHS ANET	ANET	163,803	$27.8m0.27%	0.27%	Reduced -2.5k	-2,539 -1.5%
75	LOWES COS INC COM LOW	LOW	124,416	$27.4m0.27%	0.27%	Reduced -476	-476 -0.4%
76	BOEING CO COM BA	BA	126,662	$27.4m0.27%	0.27%	Added +15.7k	+15,705 14.2%
77	DISNEY WALT CO COM DIS	DIS	283,690	$27.3m0.27%	0.27%	Added +13.7k	+13,651 5.1%
78	MCDONALDS CORP COM MCD	MCD	100,539	$27.2m0.27%	0.27%	Added +2.6k	+2,552 2.6%
79	RTX CORPORATION COM RTX	RTX	141,689	$26.9m0.27%	0.27%	Added +9.1k	+9,086 6.8%
80	GALLAGHER ARTHUR J & CO COM AJG	AJG	114,169	$26.2m0.26%	0.26%	Added +3.8k	+3,783 3.4%
81	PALO ALTO NETWORKS INC COM PANW	PANW	76,593	$26.1m0.26%	0.26%	Added +2.8k	+2,836 3.9%
82	ISHARES TR S&P 500 GRWT ETF IVW	IVW	189,809	$26.1m0.26%	0.26%	Reduced -75	-75 -0.0%
83	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	91,311	$25.7m0.25%	0.25%	Added +3.5k	+3,464 3.9%
84	SHERWIN WILLIAMS CO COM SHW	SHW	73,702	$25.4m0.25%	0.25%	Reduced -3.3k	-3,260 -4.2%
85	EVERGY INC COM EVRG	EVRG	292,945	$25.3m0.25%	0.25%	Added +7.8k	+7,792 2.7%
86	AMGEN INC COM AMGN	AMGN	69,521	$25.2m0.25%	0.25%	Reduced -2.7k	-2,662 -3.7%
87	CHUBB LIMITED COM CB	CB	71,990	$24.5m0.24%	0.24%	Reduced -6.2k	-6,223 -8.0%
88	VANGUARD INDEX FDS LARGE CAP ETF VV	VV	70,907	$24.4m0.24%	0.24%	Added +3.0k	+2,970 4.4%
89	VERIZON COMMUNICATIONS INC COM VZ	VZ	569,958	$24.1m0.24%	0.24%	Added +27.4k	+27,382 5.0%
90	STRYKER CORPORATION COM SYK	SYK	73,580	$23.2m0.23%	0.23%	Added +5.1k	+5,124 7.5%
91	DANAHER CORPORATION COM DHR	DHR	119,584	$22.8m0.22%	0.22%	Reduced -8.2k	-8,220 -6.4%
92	PUBLIC STORAGE COM PSA	PSA	71,365	$22.7m0.22%	0.22%	Added +3.6k	+3,616 5.3%
93	TJX COS INC NEW COM TJX	TJX	148,900	$22.6m0.22%	0.22%	Added +95	+95 0.1%
94	ISHARES TR MSCI EMG MKT ETF EEM	EEM	323,749	$22.1m0.22%	0.22%	Added +42.2k	+42,208 15.0%
95	CONOCOPHILLIPS COM COP	COP	210,120	$21.8m0.22%	0.22%	Reduced -8.0k	-8,024 -3.7%
96	MEDTRONIC PLC SHS MDT	MDT	267,264	$20.9m0.21%	0.21%	Added +2.6k	+2,635 1.0%
97	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	41,677	$20.9m0.21%	0.21%	Reduced -480	-480 -1.1%
98	ISHARES TR S&P 500 VAL ETF IVE	IVE	91,292	$20.7m0.20%	0.20%	Added +2	+2 0.0%
99	CARRIER GLOBAL CORPORATION COM CARR	CARR	282,011	$20.7m0.20%	0.20%	Added +12.7k	+12,717 4.7%
100	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	90,675	$20.3m0.20%	0.20%	Added +2.0k	+1,969 2.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		53,341	$24.1m53.3k shares
DUPONT DE NEMOURS INC DWDP	DWDP	15,435	$2.1m15.4k shares
VANGUARD WORLD FD EDV	EDV	3,307	$214.8k3.3k shares
HEALTHEQUITY INC HQY	HQY	2,386	$199.4k2.4k shares
AAON INC AAON	AAON	2,100	$173.8k2.1k shares
HOLOGIC INC HOLX	HOLX	1,779	$134.5k1.8k shares
ISHARES INC EEMA	EEMA	1,167	$111.7k1.2k shares
COTERRA ENERGY INC CTRA	CTRA	1,970	$69.2k2.0k shares
STIFEL FINL CORP SF	SF	790	$58.4k790 shares
MAPLEBEAR INC CART	CART	1,500	$56.2k1.5k shares
MSCI INC MSCI	MSCI	103	$55.5k103 shares
WIPRO LTD WIT	WIT	25,192	$53.4k25.2k shares
CARNIVAL CORP		1,894	$49.0k1.9k shares
KRYSTAL BIOTECH INC KRYS	KRYS	187	$48.3k187 shares
EDISON INTL EIX	EIX	582	$42.6k582 shares
MEDPACE HLDGS INC MEDP	MEDP	87	$41.8k87 shares
GUIDEWIRE SOFTWARE INC GWRE	GWRE	275	$41.1k275 shares
FIRST HORIZON CORPORATION FHN	FHN	1,621	$36.9k1.6k shares
DESCARTES SYS GROUP INC DSGX	DSGX	487	$34.9k487 shares
ATMUS FILTRATION TECHNOLOGIE ATMU	ATMU	555	$31.5k555 shares
GOOSEHEAD INS INC GSHD	GSHD	715	$30.5k715 shares
FIRST TR EXCHANGE-TRADED FD FBT	FBT	137	$27.5k137 shares
ECHOSTAR CORP ECHO	ECHO	222	$26.0k222 shares
BROOKFIELD ASSET MANAGMT LTD BAM	BAM	575	$25.6k575 shares
AKAMAI TECHNOLOGIES INC AKAM	AKAM	198	$22.7k198 shares