Latest Cullen/Frost Bankers, Inc. Stock Portfolio

Cullen/Frost Bankers, Inc. Performance:

2025 Q4: -2.41%YTD: 5.52%2024: 14.19%

Performance for 2025 Q4 is -2.41%, and YTD is 5.52%, and 2024 is 14.19%.

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

On 2026-02-06, the fund reported it's updated stock portfolio. In the 13F Holdings report, Cullen/Frost Bankers, Inc. reported an equity portfolio of $9.1 Billions as of 31 Dec, 2025.

The top stock holdings of Cullen/Frost Bankers, Inc. are AAPL, MSFT, PFUT. The fund has invested 5.7% of it's portfolio in APPLE INC COM and 4.8% of portfolio in MICROSOFT CORP COM.

The fund managers got completely rid off ITURAN LOCATION AND CONTROL SHS (ITRN), SPDR SERIES TRUST STATE STREET SPD (BIL) and WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT (WES) stocks. They significantly reduced their stock positions in FIDELITY COVINGTON TRUST CONSMR STAPLES (FBCG), PAYLOCITY HLDG CORP COM (PCTY) and VANECK ETF TRUST AGRIBUSINESS ETF (AFK). Cullen/Frost Bankers, Inc. opened new stock positions in NEW YORK LIFE INVTS ACTIVE E NYLI WINSLOW LAR (ESGB), SPDR SERIES TRUST STATE STREET SPD (BIL) and QNITY ELECTRONICS INC COMMON STOCK ADDED. The fund showed a lot of confidence in some stocks as they added substantially to ISHARES TR BROAD USD HIGH (BGRN), GARRETT MOTION INC COM (GTX) and GOLDMAN SACHS GROUP INC COM (GS).

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

Our best estimate is that Cullen/Frost Bankers, Inc. made a return of -2.41% in the last quarter. In trailing 12 months, it's portfolio return was 5.52%.

Performance
S&P 500

New Buys

Ticker	$ Bought
new york life invts active e nyli winslow lar	101,779,000
spdr series trust state street spd	10,344,200
qnity electronics inc common stock added	9,051,940
birkenstock holding plc com shs	8,804,380
dutch bros inc cl a	8,275,720
morgan stanley direct lendin com shs	3,033,640
church & dwight co inc com	2,382,350
ishares tr eafe value etf	1,404,490

New stocks bought by Cullen/Frost Bankers, Inc.

Additions

Ticker	% Inc.
ishares tr broad usd high	23,125
goldman sachs group inc com	3,498
ishares tr national mun etf	1,674
netflix inc com	975
first tr exchange-traded fd shs	781
micron technology inc com	735
american centy etf tr avantis emgmkt	520
vanguard specialized funds div app etf	437

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

Reductions

Ticker	% Reduced
dupont de nemours inc com	-81.6
dover corp com	-80.87
ppg inds inc com	-71.4
cubesmart com	-62.48
spdr index shs fds s&p intl smlcp	-58.02
digital rlty tr inc com	-52.9
nextera energy inc com	-42.49
ishares tr expnd tec sc etf	-41.00

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 35.8% of it's holdings in Others sector.

Sector	%
Others	35.8
Technology	22.3
Financial Services	8.5
Communication Services	7
Healthcare	6.8
Consumer Cyclical	6.7
Industrials	4.2
Consumer Defensive	3.6
Energy	2.3
Utilities	1.3

Market Cap. Distribution

Cullen/Frost Bankers, Inc. has about 63.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	38.4
UNALLOCATED	35.9
LARGE-CAP	25.4

Stocks belong to which Index?

About 62% of the stocks held by Cullen/Frost Bankers, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	62
Others	37.9

Top 5 Winners (%)		%
	structure therapeutics inc sponsored ads	148.2 %
	fortrea hldgs inc common stock	104.8 %
EXAS	exact sciences corp com	85.6 %
LITE	lumentum hldgs inc com	80.8 %
HL	hecla mng co com	51.8 %

Top 5 Winners ($)		$
GOOG	alphabet inc cap stk cl a	44.7 M
GOOG	alphabet inc cap stk cl c	35.7 M
AAPL	apple inc com	32.7 M
LLY	eli lilly & co com	32.4 M
PFUT	putnam etf trust focused lar cap	18.1 M

Top 5 Losers (%)		%
NFLX	netflix inc com	-86.6 %
NOW	servicenow inc com	-75.1 %
CORT	corcept therapeutics inc com	-58.1 %
	venture global inc com cl a	-51.9 %
FMC	fmc corp com new	-51.1 %

Top 5 Losers ($)		$
NFLX	netflix inc com	-249.3 M
NOW	servicenow inc com	-138.9 M
MSFT	microsoft corp com	-31.5 M
ORCL	oracle corp com	-28.8 M
META	meta platforms inc cl a	-15.4 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 1447 stocks in it's portfolio. About 31.4% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Cullen/Frost Bankers, Inc. last quarter.

Last Reported on: 06 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc com	5.65	1,889,780	513,754,000	reduced	-1.1

AAXJ	ishares tr iboxx hi yd etf	0.37	420,126	33,874,800	added	142

AAXJ	ishares tr eafe sml cp etf	0.13	147,822	11,460,600	added	19.22

AAXJ	ishares tr national mun etf	0.06	55,359	5,929,500	added	1,674

AAXJ	ishares tr eafe value etf	0.01	19,668	1,404,490	new

AAXJ	ishares tr ishs 5-10yr invt	0.01	10,000	538,800	new

AAXJ	ishares tr shrt nat mun etf	0.00	4,472	477,159	added	31.18

AAXJ	ishares tr pfd and incm sec	0.00	12,613	390,496	added	16.35

AAXJ	ishares tr intl sel div etf	0.00	8,765	345,771	added	39.19

ABBV	abbvie inc com	0.92	365,525	83,518,700	reduced	-4.36

ABC	cencora inc com	0.02	4,374	1,477,170	added	1.25

ABT	abbott labs com	0.24	177,557	22,246,100	added	0.21

ACES	alps etf tr alerian mlp	0.01	17,105	804,277	unchanged	0.00

ACGL	arch cap group ltd ord	0.02	17,318	1,661,140	added	0.31

ACIO	etf ser solutions aam lw dur pfd	0.00	18,729	366,436	added	6.58

ACN	accenture plc ireland shs class a	0.10	33,030	8,861,900	added	5.41

ACWF	ishares tr core div grwth	0.02	26,555	1,843,440	added	22.89

ACWV	ishares inc msci brazil etf	0.00	11,100	352,647	unchanged	0.00

ADBE	adobe inc com	0.03	8,928	3,124,710	reduced	-10.08

ADI	analog devices inc com	0.19	64,127	17,391,300	reduced	-18.14