KEMPNER CAPITAL MANAGEMENT INC.

GALVESTON, TX · CIK 898399 · 13F filing filed 2026-01-12

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.

Others nearbyGalveston, TX

$105.8m reported value -11.9% vs Q3 2025

43positions

43.8%in top 10

0 new 1 added 38 reduced 5 sold out vs Q3 2025

Holdings, Q4 2025

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	MICRON TECHNOLOGY INC COM MU	MU	33,792	$8.0m7.58%	7.58%	Reduced -15.6k	-15,580 -31.6%
2	BLACK STONE MINERALS L P COM UNIT BSM	BSM	439,295	$6.2m5.85%	5.85%	Reduced -142.8k	-142,833 -24.5%
3	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	18,898	$5.4m5.14%	5.14%	Reduced -8.7k	-8,694 -31.5%
4	ALPHABET INC CAP STK CL C GOOG	GOOG	14,712	$4.6m4.30%	4.30%	Reduced -1.2k	-1,248 -7.8%
5	TERADYNE INC COM TER	TER	22,534	$4.4m4.15%	4.15%	Reduced -2.2k	-2,176 -8.8%
6	CULLEN FROST BANKERS INC COM CFR	CFR	32,932	$4.3m4.03%	4.03%	Reduced -1.4k	-1,429 -4.2%
7	SENSATA TECHNOLOGIES HLDG PL SHS ST	ST	102,473	$3.5m3.34%	3.34%	Reduced -8.5k	-8,506 -7.7%
8	MERCK & CO INC COM MRK	MRK	33,776	$3.4m3.20%	3.20%	Reduced -2.8k	-2,845 -7.8%
9	CITIZENS FINL GROUP INC COM CFG	CFG	57,049	$3.3m3.15%	3.15%	Reduced -5.5k	-5,526 -8.8%
10	DISNEY WALT CO COM DIS	DIS	29,685	$3.3m3.10%	3.10%	Reduced -3.2k	-3,192 -9.7%
11	LINCOLN NATL CORP IND COM LNC	LNC	71,088	$3.2m3.04%	3.04%	Reduced -10.7k	-10,687 -13.1%
12	GLOBAL PMTS INC COM GPN	GPN	37,989	$3.1m2.93%	2.93%	Reduced -3.8k	-3,811 -9.1%
13	SHELL PLC SPON ADS SHEL	SHEL	41,694	$3.0m2.85%	2.85%	Reduced -4.4k	-4,408 -9.6%
14	CISCO SYS INC COM CSCO	CSCO	37,803	$3.0m2.79%	2.79%	Reduced -4.0k	-3,954 -9.5%
15	CITIGROUP INC COM NEW C	C	26,008	$2.9m2.77%	2.77%	Reduced -4.9k	-4,897 -15.8%
16	EXXON MOBIL CORP COM XOM	XOM	24,803	$2.9m2.76%	2.76%	Reduced -2.5k	-2,473 -9.1%
17	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	28,548	$2.6m2.49%	2.49%	Reduced -2.9k	-2,853 -9.1%
18	TYSON FOODS INC CL A TSN	TSN	44,273	$2.6m2.49%	2.49%	Reduced -4.3k	-4,260 -8.8%
19	TRUIST FINL CORP COM TFC	TFC	51,784	$2.6m2.43%	2.43%	Reduced -5.0k	-5,028 -8.8%
20	UNITEDHEALTH GROUP INC COM UNH	UNH	7,305	$2.5m2.35%	2.35%	Reduced -725	-725 -9.0%
21	BANK AMERICA CORP COM BAC	BAC	44,962	$2.5m2.35%	2.35%	Reduced -19.4k	-19,374 -30.1%
22	ELI LILLY & CO COM LLY	LLY	2,327	$2.5m2.34%	2.34%	Reduced -193	-193 -7.7%
23	SONOCO PRODS CO COM SON	SON	52,891	$2.3m2.15%	2.15%	Added +28.0k	+28,030 112.8%
24	EQUITABLE HLDGS INC COM EQH	EQH	46,026	$2.2m2.10%	2.10%	Reduced -4.5k	-4,479 -8.9%
25	KENVUE INC COM KVUE	KVUE	125,211	$2.2m2.04%	2.04%	Reduced -8.0k	-8,003 -6.0%
26	EASTERLY GOVT PPTYS INC COM SHS DEA	DEA	95,457	$2.1m2.02%	2.02%	Reduced -10.3k	-10,255 -9.7%
27	INTERNATIONAL FLAVORS&FRAGRA COM IFF	IFF	32,167	$2.1m1.95%	1.95%	Reduced -2.6k	-2,650 -7.6%
28	CHUBB LIMITED COM CB	CB	5,909	$1.8m1.75%	1.75%	Reduced -493	-493 -7.7%
29	AMCOR PLC ORD AMCR	AMCR	198,643	$1.6m1.55%	1.55%	Reduced -8.5k	-8,478 -4.1%
30	REALTY INCOME CORP COM O	O	26,943	$1.6m1.48%	1.48%	Reduced -3.1k	-3,130 -10.4%
31	BP PLC SPONSORED ADR BP	BP	42,273	$1.5m1.41%	1.41%	Reduced -5.8k	-5,779 -12.0%
32	EOS ENERGY ENTERPRISES INC COM CL A EOSE	EOSE	102,500	$1.4m1.32%	1.32%	Reduced -72.5k	-72,500 -41.4%
33	VANECK ETF TRUST ISRAEL ETF ISRA	ISRA	22,500	$1.3m1.26%	1.26%	Unchanged
34	RIO TINTO PLC SPONSORED ADR RIO	RIO	16,758	$1.3m1.20%	1.20%	Reduced -1.5k	-1,546 -8.4%
35	EVEREST GROUP LTD COM EG	EG	3,040	$999.0k0.94%	0.94%	Reduced -309	-309 -9.2%
36	KINDER MORGAN INC DEL COM KMI	KMI	28,200	$754.0k0.71%	0.71%	Unchanged
37	DIAMONDBACK ENERGY INC COM FANG	FANG	4,705	$725.0k0.69%	0.69%	Reduced -461	-461 -8.9%
38	AWPAX AB SUST INTL THEMATIC A MMF AWPAX	AWPAX	24,539	$520.0k0.49%	0.49%	Reduced -1	-1 0.0%
39	BHP GROUP LTD SPONSORED ADS BHP	BHP	7,408	$438.0k0.41%	0.41%	Reduced -744	-744 -9.1%
40	WESTERN ASSET INTER MUNI FD COM SBI	SBI	47,800	$371.0k0.35%	0.35%	Unchanged
41	SCHLUMBERGER LTD COM STK SLB	SLB	7,972	$310.0k0.29%	0.29%	Reduced -48.6k	-48,551 -85.9%
42	CONMED CORP COM CNMD	CNMD	6,258	$252.0k0.24%	0.24%	Reduced -43.3k	-43,296 -87.4%
43	PARK HOTELS & RESORTS INC COM PK	PK	22,000	$242.0k0.23%	0.23%	Unchanged

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
FMC CORP FMC	FMC	73,286	$2.5m73.3k shares
BAXTER INTL INC BAX	BAX	62,370	$1.4m62.4k shares
LYONDELLBASELL INDUSTRIES N LYB	LYB	25,722	$1.3m25.7k shares
WARNER BROS DISCOVERY INC WBD	WBD	11,175	$218.0k11.2k shares
SERVICE PPTYS TR		47,450	$129.0k47.5k shares