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Cullen/Frost Bankers, Inc. — 13F Holdings & Portfolio

CIK 39263 · latest 13F-HR filed 2026-07-27

Backtest portfolio

Cullen/Frost Bankers, Inc. manages $10.14B in 13F-reported U.S. long-equity assets across 1,418 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AAPL (5.37%), PVAL (4.32%), VUG (3.55%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 124 new positions and exited 99; 747 existing positions rose in reported value and 349 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$10.14B

Long-equity book

Holdings
1,418

Distinct positions

Period
2026-06-30

Filed 2026-07-27

Q/Q Activity
+124 / −99 / ↑747 / ↓349

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
AAPL5.4% · -0%PVAL4.3% · +12%VUG3.5% · +537%MSFT3.3% · -1%NVDA3.2% · -0%EMXC3.1% · +21%GOOGL2.3% · +1%AMZN2.1% · -6%EFA2.1% · +1%AVGO2.0% · +3%GLW1.9% · -0%VB1.8% · +2%GOOG1.7% · -0%IWP1.7% · -7%IWF1.6% · +294%SPY1.4% · +4%VO1.3% · +275%LLY1.2% · -3%IWLG1.2% · -2%V1.2% · -1%META1.1% · -1%IJJ1.1% · -7%JPM1.1% · +1%IWD1.1% · +2%KLAC1.0% · +965%ABBV0.8% · -5%CSCO0.8% · +4%COST0.8% · -1%MA0.8% · -2%JNJ0.8% · -0%XOM0.7% · +3%CVX0.7% · +0%ETN0.7% · +0%VEU0.6% · +4%HD0.6% · -2%BRK.B0.6% · -4%CGDV0.6% · +731%AGG0.6% · +5%WMT0.6% · -2%BAC0.6% · -2%AMD0.5% · +4%TXN0.5% · +18%VWO0.5% · +15%KO0.5% · -0%LRCX0.5% · -4%PM0.5% · -0%CMI0.5% · -1%AXP0.5% · +1%UNH0.5% · +34%SCHD0.4% · -10%ORCL0.4% · -1%ETR0.4% · -0%VLO0.4% · -1%AMAT0.4% · +3%GE0.4% · +3%MRK0.4% · +3%PG0.4% · +0%GEV0.4% · -1%AEP0.4% · +3%C0.4% · +3%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 31.5%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Cullen/Frost Bankers, Inc. Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 APPLE INC COM AAPL 037833100 $544.8M 5.37% 1,882,904 SH
2 PUTNAM ETF TRUST FOCUSED LAR CAP PVAL 746729300 $438.7M 4.32% 8,610,022 SH
3 VANGUARD INDEX FDS GROWTH ETF VUG 922908736 $360.1M 3.55% 4,180,396 SH
4 MICROSOFT CORP COM MSFT 594918104 $336.4M 3.32% 901,874 SH
5 NVIDIA CORPORATION COM NVDA 67066G104 $327.3M 3.23% 1,635,716 SH
6 ISHARES INC MSCI EMRG CHN EMXC 46434G764 $317.7M 3.13% 3,105,139 SH
7 ALPHABET INC CAP STK CL A GOOGL 02079K305 $236.1M 2.33% 660,759 SH
8 AMAZON COM INC COM AMZN 023135106 $212.2M 2.09% 890,254 SH
9 ISHARES TR MSCI EAFE ETF EFA 464287465 $211.9M 2.09% 2,040,031 SH
10 BROADCOM INC COM AVGO 11135F101 $207.1M 2.04% 548,367 SH
11 CORNING INC COM GLW 219350105 $196.7M 1.94% 770,075 SH
12 VANGUARD INDEX FDS SMALL CP ETF VB 922908751 $182.2M 1.80% 600,979 SH
13 ALPHABET INC CAP STK CL C GOOG 02079K107 $176.8M 1.74% 500,364 SH
14 ISHARES TR RUS MD CP GR ETF IWP 464287481 $173.9M 1.71% 1,188,094 SH
15 ISHARES TR RUS 1000 GRW ETF IWF 464287614 $160.0M 1.58% 1,288,814 SH
16 STATE STR SPDR S&P 500 ETF T TR UNIT SPY 78462F103 $140.9M 1.39% 188,706 SH
17 VANGUARD INDEX FDS MID CAP ETF VO 922908629 $133.6M 1.32% 1,657,960 SH
18 ELI LILLY & CO COM LLY 532457108 $121.3M 1.20% 101,158 SH
19 NEW YORK LIFE INVTS ACTIVE E WINSLOW LAR CAP IWLG 45409F769 $119.4M 1.18% 2,109,171 SH
20 VISA INC COM CL A V 92826C839 $118.0M 1.16% 344,057 SH
21 META PLATFORMS INC CL A META 30303M102 $115.6M 1.14% 205,270 SH
22 ISHARES TR S&P MC 400VL ETF IJJ 464287705 $113.5M 1.12% 768,428 SH
23 JPMORGAN CHASE & CO COM JPM 46625H100 $112.4M 1.11% 343,499 SH
24 ISHARES TR RUS 1000 VAL ETF IWD 464287598 $107.3M 1.06% 442,652 SH
25 KLA CORP COM NEW KLAC 482480100 $101.8M 1.00% 337,368 SH
26 ABBVIE INC COM ABBV 00287Y109 $86.0M 0.85% 341,851 SH
27 CISCO SYS INC COM CSCO 17275R102 $83.4M 0.82% 709,810 SH
28 COSTCO WHOLESALE CORPORATION COM COST 22160K105 $81.7M 0.81% 87,315 SH
29 MASTERCARD INCORPORATED CL A MA 57636Q104 $79.8M 0.79% 155,399 SH
30 JOHNSON & JOHNSON COM JNJ 478160104 $78.3M 0.77% 308,337 SH
31 EXXON MOBIL CORP COM XOM 30231G102 $70.7M 0.70% 516,857 SH
32 CHEVRON CORPORATION COM CVX 166764100 $68.6M 0.68% 413,845 SH
33 EATON CORP PLC SHS ETN G29183103 $66.7M 0.66% 156,463 SH
34 VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU 922042775 $62.6M 0.62% 747,233 SH
35 HOME DEPOT INC COM HD 437076102 $62.2M 0.61% 176,342 SH
36 BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B 084670702 $61.9M 0.61% 123,714 SH
37 CAPITAL GROUP DIVIDEND VALUE SHS CREAT UNIT CGDV 14020W106 $60.2M 0.59% 1,222,092 SH
38 ISHARES TR CORE US AGGBD ET AGG 464287226 $58.3M 0.57% 588,927 SH
39 WALMART INC COM WMT 931142103 $57.9M 0.57% 511,092 SH
40 BANK OF AMER CORP COM BAC 060505104 $57.3M 0.56% 1,005,065 SH
41 ADVANCED MICRO DEVICES INC COM AMD 007903107 $54.4M 0.54% 93,696 SH
42 TEXAS INSTRS INC COM TXN 882508104 $51.6M 0.51% 172,984 SH
43 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO 922042858 $49.7M 0.49% 833,272 SH
44 COCA COLA CO COM KO 191216100 $49.3M 0.49% 607,084 SH
45 LAM RESEARCH CORP COM NEW LRCX 512807306 $49.0M 0.48% 113,089 SH
46 PHILIP MORRIS INTL INC COM PM 718172109 $48.7M 0.48% 269,279 SH
47 CUMMINS INC COM CMI 231021106 $46.9M 0.46% 65,761 SH
48 AMERICAN EXPRESS CO COM AXP 025816109 $46.4M 0.46% 137,049 SH
49 UNITEDHEALTH GROUP INC COM UNH 91324P102 $46.1M 0.45% 110,963 SH
50 SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD 808524797 $45.1M 0.44% 1,421,380 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-27 $10.14B 1,418 0000039263-26-000042
2026-03-31 2026-05-05 $8.81B 1,393 0000039263-26-000037
2025-12-31 2026-02-06 $9.09B 1,460 0000039263-26-000012
Filer Information
Address
111 W HOUSTON ST
SAN ANTONIO, TX 78205
Phone
(210) 220-4011
Filing Manager
Cullen/Frost Bankers, Inc.
San Antonio, TX
Signatory
Coolidge E. Rhodes, Jr.
Group Executive VP General Counsel and Corporate Secretary