Cullen Capital Management, LLC

New York, NY · CIK 1362535 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 2000 · limited liability company

Assets managed$11.6bn
Staff64 · 17 in investment roles
Main clients (by assets)High net worth individuals 52%, Mutual funds and ETFs 38%, Companies 5%
Private funds3 (3 hedge) · $23.8m gross assets
Websitecullenfunds.com
Form ADV · 2026-03-27SEC adviser record

Legal entityCullen Capital Management LLC (US)

Kindhedge funds, wealth
Others nearbyNew York, NY
FamilyCullen Capital Management, LLC · 2 related pages

As an employer

Offices in1 country
Private fundshedge 3

$10.2bn reported value +4.3% vs Q1 2026

208positions

26.8%in top 10

13 new 81 added 100 reduced 18 sold out vs Q1 2026

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	NOVARTIS AG SPONSORED ADR NVS	NVS	2,033,040	$318.6m3.13%	3.13%	Reduced -4.9k	-4,922 -0.2%
2	CISCO SYS INC COM CSCO	CSCO	2,557,662	$300.4m2.95%	2.95%	Reduced -1.1m	-1,087,878 -29.8%
3	MORGAN STANLEY COM NEW MS	MS	1,413,521	$295.5m2.91%	2.91%	Reduced -20.0k	-20,044 -1.4%
4	JOHNSON & JOHNSON COM JNJ	JNJ	1,099,077	$279.1m2.75%	2.75%	Reduced -15.9k	-15,852 -1.4%
5	CITIGROUP INC COM NEW C	C	1,929,255	$270.0m2.66%	2.66%	Reduced -288.9k	-288,935 -13.0%
6	JPMORGAN CHASE & CO COM JPM	JPM	810,780	$265.4m2.61%	2.61%	Added +2.1k	+2,132 0.3%
7	MERCK & CO INC COM MRK	MRK	2,016,795	$259.2m2.55%	2.55%	Reduced -56.6k	-56,559 -2.7%
8	BANK AMERICA CORP COM BAC	BAC	4,335,818	$247.1m2.43%	2.43%	Reduced -829.1k	-829,099 -16.1%
9	DUKE ENERGY CORP NEW COM NEW DUK	DUK	1,933,412	$244.7m2.41%	2.41%	Added +12.0k	+11,954 0.6%
10	JOHNSON CTLS INTL PLC SHS JCI	JCI	1,671,438	$244.2m2.40%	2.40%	Reduced -19.3k	-19,290 -1.1%
11	GENERAL DYNAMICS CORP COM GD	GD	675,358	$239.2m2.35%	2.35%	Added +2.2k	+2,169 0.3%
12	CHUBB LIMITED COM CB	CB	674,693	$229.9m2.26%	2.26%	Added +660	+660 0.1%
13	TRUIST FINL CORP COM TFC	TFC	4,473,955	$222.9m2.19%	2.19%	Added +19.1k	+19,146 0.4%
14	RTX CORPORATION COM RTX	RTX	1,151,388	$218.5m2.15%	2.15%	Reduced -681	-681 -0.1%
15	PHILIP MORRIS INTL INC COM PM	PM	1,197,637	$216.7m2.13%	2.13%	Added +10.5k	+10,533 0.9%
16	NEXTERA ENERGY INC COM NEE	NEE	2,418,915	$212.3m2.09%	2.09%	Reduced -8.4k	-8,402 -0.3%
17	HEALTHPEAK PROPERTIES INC COM DOC	DOC	9,768,642	$209.0m2.06%	2.06%	Reduced -1.2m	-1,222,659 -11.1%
18	EXXONMOBIL HOLDINGS CORP COM SHS STOCK XOM	XOM	1,492,052	$204.0m2.01%	2.01%	New
19	MEDTRONIC PLC SHS MDT	MDT	2,591,898	$202.8m1.99%	1.99%	Reduced -39.0k	-39,046 -1.5%
20	BROADCOM INC COM AVGO	AVGO	532,119	$201.0m1.98%	1.98%	Reduced -1.6k	-1,567 -0.3%
21	UNITEDHEALTH GROUP INC COM UNH	UNH	475,519	$197.6m1.94%	1.94%	Added +2.8k	+2,783 0.6%
22	VICI PPTYS INC COM VICI	VICI	6,969,674	$185.0m1.82%	1.82%	Added +181.2k	+181,185 2.7%
23	CONOCOPHILLIPS COM COP	COP	1,748,628	$181.8m1.79%	1.79%	Reduced -36.8k	-36,771 -2.1%
24	UNITED PARCEL SERVICE INC CL B UPS	UPS	1,656,471	$178.1m1.75%	1.75%	Added +33.0k	+33,033 2.0%
25	QUALCOMM INC COM QCOM	QCOM	939,601	$173.6m1.71%	1.71%	Added +42.4k	+42,384 4.7%
26	GENUINE PARTS CO COM GPC	GPC	1,411,008	$166.5m1.64%	1.64%	Reduced -153.6k	-153,612 -9.8%
27	ALTRIA GROUP INC COM MO	MO	2,311,947	$166.3m1.64%	1.64%	Reduced -62.6k	-62,595 -2.6%
28	UNILEVER PLC SPON ADR NEW UL	UL	2,745,360	$165.1m1.62%	1.62%	Added +97.7k	+97,665 3.7%
29	TRAVELERS COMPANIES INC COM TRV	TRV	480,235	$158.5m1.56%	1.56%	Reduced -2.5k	-2,456 -0.5%
30	TARGET CORP COM TGT	TGT	1,116,467	$145.8m1.43%	1.43%	Reduced -17.8k	-17,777 -1.6%
31	CHEVRON CORP NEW COM CVX	CVX	859,592	$142.5m1.40%	1.40%	Reduced -16.5k	-16,461 -1.9%
32	LOWES COS INC COM LOW	LOW	631,354	$139.2m1.37%	1.37%	Added +16.7k	+16,677 2.7%
33	BRITISH AMERN TOB PLC SPONSORED ADR BTI	BTI	2,175,636	$134.4m1.32%	1.32%	Added +832.0k	+831,958 61.9%
34	COMCAST CORP NEW CL A CMCSA	CMCSA	5,287,200	$129.8m1.28%	1.28%	Reduced -1.9m	-1,862,569 -26.1%
35	RESTAURANT BRANDS INTL INC COM QSR	QSR	1,770,095	$128.3m1.26%	1.26%	Added +664.4k	+664,441 60.1%
36	BECTON DICKINSON & CO COM BDX	BDX	824,720	$124.8m1.23%	1.23%	Added +95.6k	+95,559 13.1%
37	AT&T INC COM T	T	5,722,075	$118.4m1.16%	1.16%	Added +7.4k	+7,405 0.1%
38	MICROSOFT CORP COM MSFT	MSFT	292,959	$109.3m1.07%	1.07%	Added +91.3k	+91,320 45.3%
39	BCE INC COM NEW BCE	BCE	4,975,496	$107.0m1.05%	1.05%	Reduced -991.4k	-991,390 -16.6%
40	ASE TECHNOLOGY HLDG CO LTD SPONSORED ADS ASX	ASX	2,090,788	$94.3m0.93%	0.93%	Reduced -1.9m	-1,920,711 -47.9%
41	COPA HOLDINGS SA CL A CPA	CPA	571,263	$88.9m0.87%	0.87%	Added +158.0k	+157,991 38.2%
42	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	179,777	$85.9m0.84%	0.84%	Reduced -11.8k	-11,840 -6.2%
43	OMNICOM GROUP INC COM OMC	OMC	1,176,691	$85.7m0.84%	0.84%	Added +12.0k	+12,001 1.0%
44	DIAGEO PLC SPON ADR NEW DEO	DEO	1,018,308	$81.9m0.81%	0.81%	Added +54.1k	+54,085 5.6%
45	CROWN CASTLE INC COM CCI	CCI	1,026,370	$77.7m0.76%	0.76%	Reduced -162.1k	-162,070 -13.6%
46	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	254,463	$71.6m0.70%	0.70%	Added +85.7k	+85,657 50.7%
47	MILLICOM INTL CELLULAR S A COM STK TIGO	TIGO	785,131	$71.3m0.70%	0.70%	Reduced -42.5k	-42,544 -5.1%
48	NATIONAL GRID PLC SPONSORED ADR NE NGG	NGG	815,548	$67.6m0.66%	0.66%	Added +21.3k	+21,344 2.7%
49	TOYOTA MOTOR CORP ADS TM	TM	391,325	$65.9m0.65%	0.65%	Added +78.7k	+78,720 25.2%
50	SYSCO CORP COM SYY	SYY	782,576	$65.4m0.64%	0.64%	Added +175.8k	+175,768 29.0%
51	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	1,132,367	$65.2m0.64%	0.64%	Added +12.7k	+12,698 1.1%
52	RIO TINTO PLC SPONSORED ADR RIO	RIO	684,440	$65.0m0.64%	0.64%	Added +27.6k	+27,576 4.2%
53	SMURFIT WESTROCK PLC SHS SW	SW	1,359,382	$62.9m0.62%	0.62%	Added +113.5k	+113,472 9.1%
54	EOG RES INC COM EOG	EOG	479,999	$62.3m0.61%	0.61%	Reduced -7.7k	-7,666 -1.6%
55	ENBRIDGE INC COM ENB	ENB	1,145,111	$62.1m0.61%	0.61%	Added +22.3k	+22,334 2.0%
56	PFIZER INC COM PFE	PFE	2,447,200	$58.9m0.58%	0.58%	Reduced -246.3k	-246,307 -9.1%
57	NOVO-NORDISK A S ADR NVO	NVO	1,224,955	$58.7m0.58%	0.58%	Added +432.6k	+432,600 54.6%
58	TOTALENERGIES SE ACT TTE	TTE	718,986	$55.9m0.55%	0.55%	Added +78.9k	+78,906 12.3%
59	KEURIG DR PEPPER INC COM KDP	KDP	1,700,621	$55.7m0.55%	0.55%	Reduced -63.7k	-63,654 -3.6%
60	POWER CORP CDA COM PWCDF	PWCDF	886,766	$55.1m0.54%	0.54%	Added +18.5k	+18,490 2.1%
61	PPL CORP COM PPL	PPL	1,502,353	$54.6m0.54%	0.54%	Reduced -39.3k	-39,292 -2.5%
62	VERIZON COMMUNICATIONS INC COM VZ	VZ	1,194,320	$50.6m0.50%	0.50%	Added +389.8k	+389,776 48.5%
63	COCA-COLA FEMSA SAB DE CV SPONS ADS REP KOF	KOF	447,737	$47.6m0.47%	0.47%	Added +24.6k	+24,596 5.8%
64	PETROLEO BRASILEIRO SA PETRO SPONSORED ADR PBR	PBR	2,922,208	$47.2m0.46%	0.46%	Added +111.5k	+111,483 4.0%
65	FIRST HORIZON CORPORATION COM FHN	FHN	1,831,996	$47.0m0.46%	0.46%	Reduced -132.7k	-132,679 -6.8%
66	ORIX CORP SPONSORED ADR IX	IX	1,220,846	$46.4m0.46%	0.46%	Added +140.5k	+140,485 13.0%
67	DOW INC COM DOW	DOW	1,660,870	$45.4m0.45%	0.45%	Reduced -902.7k	-902,744 -35.2%
68	PPG INDS INC COM PPG	PPG	373,663	$45.3m0.45%	0.45%	Reduced -9.8k	-9,754 -2.5%
69	PNC FINL SVCS GROUP INC COM PNC	PNC	181,298	$44.6m0.44%	0.44%	Added +128	+128 0.1%
70	AMERICAN INTL GROUP INC COM NEW AIG	AIG	573,977	$42.8m0.42%	0.42%	Added +3.5k	+3,464 0.6%
71	UNION PAC CORP COM UNP	UNP	152,353	$41.4m0.41%	0.41%	Added +476	+476 0.3%
72	ISHARES INC MSCI STH KOR ETF EWY	EWY	201,699	$40.7m0.40%	0.40%	Reduced -24.9k	-24,941 -11.0%
73	SHELL PLC SPON ADS SHEL	SHEL	448,464	$34.8m0.34%	0.34%	Added +149.4k	+149,430 50.0%
74	COCA-COLA EUROPACIFIC PARTNE SHS CCEP	CCEP	304,979	$30.5m0.30%	0.30%	Reduced -59.5k	-59,539 -16.3%
75	ICICI BANK LIMITED ADR IBN	IBN	1,050,299	$30.5m0.30%	0.30%	Reduced -240.4k	-240,427 -18.6%
76	SANOFI SPONSORED ADR SNY	SNY	615,593	$26.3m0.26%	0.26%	Added +22.3k	+22,292 3.8%
77	HONEYWELL INTL INC COM HON	HON	106,631	$23.9m0.23%	0.23%	New
78	HONEYWELL AEROSPACE INC COM HONA	HONA	106,610	$23.6m0.23%	0.23%	New
79	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	234,294	$20.3m0.20%	0.20%	New
80	ISHARES INC MSCI TAIWAN ETF EWT	EWT	160,199	$17.4m0.17%	0.17%	Added +4.7k	+4,685 3.0%
81	KB FINL GROUP INC SPONSORED ADR KB	KB	130,140	$13.7m0.13%	0.13%	Added +23.4k	+23,389 21.9%
82	APPLIED MATLS INC COM AMAT	AMAT	16,439	$11.9m0.12%	0.12%	Reduced -2.4k	-2,429 -12.9%
83	CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR AXIAY	AXIAY	1,038,647	$11.0m0.11%	0.11%	Added +304.5k	+304,513 41.5%
84	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	76,370	$8.2m0.08%	0.08%	Added +70.5k	+70,492 1199.2%
85	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	51,416	$8.2m0.08%	0.08%	Added +44.0k	+44,036 596.7%
86	ITAU UNIBANCO HLDG S A SPON ADR REP PFD ITUB	ITUB	929,368	$7.6m0.07%	0.07%	Added +50.7k	+50,689 5.8%
87	KT CORP SPONSORED ADR KT	KT	378,147	$6.5m0.06%	0.06%	Added +115.3k	+115,251 43.8%
88	EATON CORP PLC SHS ETN	ETN	14,337	$6.1m0.06%	0.06%	Reduced -182	-182 -1.2%
89	AMERICAN EXPRESS CO COM AXP	AXP	14,915	$5.0m0.05%	0.05%	Added +435	+435 3.0%
90	BORGWARNER INC COM BWA	BWA	74,351	$4.9m0.05%	0.05%	Reduced -15.9k	-15,872 -17.6%
91	ARROW ELECTRS INC COM ARW	ARW	20,980	$4.5m0.04%	0.04%	Reduced -365	-365 -1.7%
92	WALMART INC COM WMT	WMT	38,704	$4.4m0.04%	0.04%	Reduced -2.8k	-2,820 -6.8%
93	DISNEY WALT CO COM DIS	DIS	42,518	$4.1m0.04%	0.04%	Added +3.6k	+3,587 9.2%
94	ALLSTATE CORP COM ALL	ALL	16,951	$4.0m0.04%	0.04%	Reduced -149	-149 -0.9%
95	WISDOMTREE TR INDIA ERNGS FD EPI	EPI	93,411	$4.0m0.04%	0.04%	Reduced -20.7k	-20,736 -18.2%
96	THE CIGNA GROUP COM CI	CI	14,417	$4.0m0.04%	0.04%	Reduced -80	-80 -0.6%
97	ISHARES INC MSCI CHILE ETF ECH	ECH	88,688	$3.5m0.03%	0.03%	Added +5.3k	+5,276 6.3%
98	MONDELEZ INTL INC CL A MDLZ	MDLZ	60,200	$3.5m0.03%	0.03%	Added +1.5k	+1,477 2.5%
99	AXALTA COATING SYS LTD COM AXTA	AXTA	97,586	$3.3m0.03%	0.03%	Reduced -591	-591 -0.6%
100	ORACLE CORP COM ORCL	ORCL	22,741	$3.3m0.03%	0.03%	Added +2.3k	+2,308 11.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EXXON MOBIL CORP XOM	XOM	1,499,613	$254.4m1.5m shares
HONEYWELL INTL INC		106,760	$48.3m106.8k shares
ISHARES TR EEM	EEM	20,700	$1.2m20.7k shares
DUPONT DE NEMOURS INC DWDP	DWDP	7,763	$1.1m7.8k shares
FIDELITY NATL INFORMATION SV FIS	FIS	22,665	$1.1m22.7k shares
ISHARES TR ACWX	ACWX	13,806	$945.3k13.8k shares
COTERRA ENERGY INC CTRA	CTRA	14,441	$507.5k14.4k shares
GREAT LAKES DREDGE & DOCK CO GLDD	GLDD	28,963	$492.4k29.0k shares
ISHARES TR WOOD	WOOD	5,430	$385.3k5.4k shares
POWER SOLUTIONS INTL INC PSIX	PSIX	6,090	$370.8k6.1k shares
WEYERHAEUSER CO MTN BE WY	WY	14,317	$349.8k14.3k shares
ISHARES TR ILF	ILF	9,108	$323.5k9.1k shares
WATERS CORP WAT	WAT	1,020	$303.8k1.0k shares
SM ENERGY CO SM	SM	8,206	$255.9k8.2k shares
SPDR DOW JONES INDL AVERAGE DIA	DIA	520	$240.9k520 shares
NORTHROP GRUMMAN CORP NOC	NOC	334	$227.9k334 shares
RAYONIER INC RYN	RYN	10,776	$222.2k10.8k shares
SUZANO S A SUZ	SUZ	21,440	$214.6k21.4k shares