Latest Cullen/Frost Bankers, Inc. Stock Portfolio

Cullen/Frost Bankers, Inc. Performance:

2025 Q3: 5.62%YTD: 9.24%2024: 15.5%

Performance for 2025 Q3 is 5.62%, and YTD is 9.24%, and 2024 is 15.5%.

About Cullen/Frost Bankers, Inc. and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Cullen/Frost Bankers, Inc. reported an equity portfolio of $8.6 Billions as of 30 Sep, 2025.

The top stock holdings of Cullen/Frost Bankers, Inc. are AAPL, MSFT, NVDA. The fund has invested 5.7% of it's portfolio in APPLE INC COM and 5.6% of portfolio in MICROSOFT CORP COM.

The fund managers got completely rid off HESS CORP COM (HES), TARGET CORP COM (TGT) and ANSYS INC COM (ANSS) stocks. They significantly reduced their stock positions in ISHARES TR EXPANDED TECH (IJR), ARDMORE SHIPPING CORP COM and U S PHYSICAL THERAPY COM (USPH). Cullen/Frost Bankers, Inc. opened new stock positions in HUNT J B TRANS SVCS INC COM (JBHT), CAPITAL GRP FIXED INCM ETF T MUNICIPAL HIGH I (CGCP) and BANK HAWAII CORP COM (BOH). The fund showed a lot of confidence in some stocks as they added substantially to AMERICAN AIRLS GROUP INC COM (AAL), PINTEREST INC CL A (PINS) and DOLLAR GEN CORP NEW COM (DG).

Cullen/Frost Bankers, Inc. Annual Return Estimates Vs S&P 500

Our best estimate is that Cullen/Frost Bankers, Inc. made a return of 5.62% in the last quarter. In trailing 12 months, it's portfolio return was 10.15%.

New Buys

Ticker	$ Bought
hunt j b trans svcs inc com	6,137,630
capital grp fixed incm etf t municipal high i	2,280,730
bank hawaii corp com	984,600
target corp com	495,592
ishares tr expnd tec sc etf	493,949

New stocks bought by Cullen/Frost Bankers, Inc.

Additions

Ticker	% Inc.
pinterest inc cl a	50,133
dollar gen corp new com	39,331
reddit inc cl a	22,651
eqt corp com	8,000
ishares tr msci usa qlt fct	2,239
vanguard scottsdale fds shrt trm corp bd	1,815
ishares tr national mun etf	1,672
carpenter technology corp com	1,626

Additions to existing portfolio by Cullen/Frost Bankers, Inc.

Reductions

Ticker	% Reduced
constellation brands inc cl a	-93.07
regeneron pharmaceuticals com	-91.92
adobe inc com	-82.37
marvell technology inc com	-78.4
lockheed martin corp com	-63.09
ishares tr 20 yr tr bd etf	-60.2
canadian pacific kansas city com	-59.6
electronic arts inc com	-48.27

Cullen/Frost Bankers, Inc. reduced stake in above stock

Sold off

None of the stocks were completely sold off by Cullen/Frost Bankers, Inc.

Sector Distribution

Cullen/Frost Bankers, Inc. has about 32.6% of it's holdings in Others sector.

Sector	%
Others	32.6
Technology	23.9
Financial Services	8.8
Consumer Cyclical	7.2
Communication Services	6.9
Healthcare	6.5
Industrials	4.6
Consumer Defensive	3.8
Energy	2.4
Utilities	1.3

Market Cap. Distribution

Cullen/Frost Bankers, Inc. has about 66.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	39.8
UNALLOCATED	32.7
LARGE-CAP	27.1

Stocks belong to which Index?

About 65% of the stocks held by Cullen/Frost Bankers, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	65
Others	34.9

Top 5 Winners (%)		%
EOSE	eos energy enterprises inc com cl a	122.5 %
RUN	sunrun inc com	111.4 %
CDE	coeur mng inc com new	107.2 %
HL	hecla mng co com	100.7 %
APP	applovin corp com cl a	99.4 %

Top 5 Winners ($)		$
AAPL	apple inc com	94.5 M
NVDA	nvidia corporation com	44.6 M
GOOG	alphabet inc cap stk cl a	43.2 M
GOOG	alphabet inc cap stk cl c	35.8 M
AVGO	broadcom inc com	28.5 M

Top 5 Losers (%)		%
LNTH	lantheus hldgs inc com	-37.4 %
FDS	factset resh sys inc com	-36.0 %
MOH	molina healthcare inc com	-35.8 %
NRIM	northrim bancorp inc com	-35.6 %
CNC	centene corp del com	-34.3 %

Top 5 Losers ($)		$
CMG	chipotle mexican grill inc com	-9.6 M
ISRG	intuitive surgical inc com new	-7.6 M
NOW	servicenow inc com	-6.8 M
COST	costco whsl corp new com	-5.9 M
PM	philip morris intl inc com	-5.4 M

Cullen/Frost Bankers, Inc. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Cullen/Frost Bankers, Inc.

Cullen/Frost Bankers, Inc. has 1314 stocks in it's portfolio. About 31.2% of the portfolio is in top 10 stocks. CMG proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for Cullen/Frost Bankers, Inc. last quarter.

Last Reported on: 31 Oct, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAON	aaon inc com par $0.004	0.00	2,729	254,998	unchanged	0.00

AAPL	apple inc com	5.65	1,910,740	486,531,000	added	0.03

AAXJ	ishares tr iboxx hi yd etf	0.16	173,255	14,066,600	added	24.62

AAXJ	ishares tr eafe sml cp etf	0.11	123,994	9,512,820	added	1.24

AAXJ	ishares tr shrt nat mun etf	0.00	3,409	363,986	reduced	-30.98

AAXJ	ishares tr pfd and incm sec	0.00	10,841	342,793	added	1.05

AAXJ	ishares tr national mun etf	0.00	3,120	332,230	added	1,672

ABBV	abbvie inc com	1.03	382,178	88,489,400	reduced	-3.55

ABC	cencora inc com	0.02	4,320	1,350,230	reduced	-2.33

ABT	abbott labs com	0.28	177,191	23,733,000	added	3.46

ACES	alps etf tr alerian mlp	0.01	17,105	802,738	added	0.24

ACGL	arch cap group ltd ord	0.02	17,264	1,566,360	added	103

ACIO	etf ser solutions aam lw dur pfd	0.00	17,572	346,162	added	137

ACN	accenture plc ireland shs class a	0.09	31,335	7,727,320	added	26.95

ACWF	ishares tr core div grwth	0.02	21,608	1,471,060	added	1.92

ACWV	ishares inc msci brazil etf	0.00	11,100	344,100	unchanged	0.00

ADBE	adobe inc com	0.04	9,929	3,502,460	reduced	-82.37

ADI	analog devices inc com	0.22	78,340	19,248,100	reduced	-7.18

ADP	automatic data processing in com	0.31	89,620	26,303,400	reduced	-1.58

ADSK	autodesk inc com	0.00	1,248	396,452	reduced	-12.3