SEC 13F Intelligence

Managers / Q4 2025 · view latest →

CULLEN INVESTMENT GROUP, LTD.

CIK 0000797203 · 1404 SOUTH COLLEGE RD., LAFAYETTE, LA, 70503 · 337-237-8000

Reported Value
$771M
Q4 2025
Positions
176
Filings on Record
11
2019–present window
Filed
Jan 12, 2026
original filing

Summary

Cullen Investment Group, Ltd. reported $771M in U.S.-listed holdings across 176 positions for Q4 2025.

Its largest position, AAPL, represents 6.6% of the portfolio.

Compared with Q3 2025, the fund opened 8 new positions and exited 7.

Portfolio Metrics

Turnover
+12.2%
vs prior filed quarter
Top-10 Concentration
+41.8%
share of reported value
Largest Position
+6.6%
Apple Incorporated
New / Exited
8 / 7
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’23: $571MQ4 ’23Q1 ’24: $635MQ2 ’24: $627MQ2 ’24Q3 ’24: $671MQ4 ’24: $678MQ4 ’24Q1 ’25: $659MQ2 ’25: $708MQ2 ’25Q3 ’25: $756MQ4 ’25: $771MQ4 ’25Q1 ’26: $758MQ2 ’26: $827MQ2 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 88.2%Other: 7.3%ADR: 1.5%MLP: 1.2%REIT: 1.2%Other: 0.6%
  • Common Stock · 88.2% · $680M
  • Other · 7.3% · $56M
  • ADR · 1.5% · $11M
  • MLP · 1.2% · $10M
  • REIT · 1.2% · $9M
  • Other · 0.6% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
4I1PHILIP MORRIS INTERNATIONAL INCORPORATEDNEW+65.6K65.6K+$11M$11M
BKNGBOOKING HOLDINGS INCORPORATEDNEW+1.2K1.2K+$7M$7M
ULUNILEVER PLC SPON ADR NEWNEW+77.9K77.9K+$5M$5M
BDXBECTON DICKINSON & COMPANYNEW+18.2K18.2K+$4M$4M
AMATAPPLIED MATLS INCORPORATEDNEW+12.2K12.2K+$4M$4M
STATE STREET SPDR PORTFOLIO S&P ETFNEW+9.5K9.5K+$775,770$775,770
MUMICRON TECHNOLOGY INCORPORATEDNEW+1.0K1.0K+$345,090$345,090
FDXFEDEX CORPORATIONNEW+650650+$202,898$202,898

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INCORPORATEDhistory →Equities6.59%$51M196.0K
2BRK/BBERKSHIRE HATHAWAY INCORPORATED DEL CLASS B NEWhistory →Equities6.52%$50M100.7K
3MSFTMICROSOFT CORPORATIONhistory →Equities5.19%$40M83.5K
4GOOGALPHABET INCORPORATED CAP STK CLASS Chistory →Equities4.69%$36M109.8K
5WMTWALMART INCORPORATEDhistory →Equities4.46%$34M300.6K
6JPMJPMORGAN CHASE & COMPANY.history →Equities4.15%$32M97.1K
7AVGOBROADCOM INCORPORATEDhistory →Equities3.09%$24M69.1K
8NVDANVIDIA CORPORATIONhistory →Equities2.59%$20M108.0K
9EATON CORPORATION PLC SHSEquities2.51%$19M59.6K
10AMZNAMAZON COM INCORPORATEDhistory →Equities1.99%$15M62.1K
11EXMOCEXXON MOBIL CORPORATIONhistory →Equities1.77%$14M109.4K
12MRKMERCK & COMPANY INCORPORATEDhistory →Equities1.69%$13M117.6K
13LLYELI LILLY & COMPANYhistory →Equities1.66%$13M12.0K
14DEDEERE & COMPANYhistory →Equities1.41%$11M22.3K
154I1PHILIP MORRIS INTERNATIONAL INCORPORATEDhistory →Equities1.38%$11M65.6K
16ADIANALOG DEVICES INCORPORATEDhistory →Equities1.37%$11M35.2K
17VVISA INCORPORATED COM CLASS Ahistory →Equities1.35%$10M29.8K
18MEDTRONIC PLC SHSEquities1.32%$10M104.5K
19METAMETA PLATFORMS INCORPORATED CLASS Ahistory →Equities1.21%$9M14.3K
20JOHNSON CONTROLS INTERNATIONAL PLC SHSEquities1.19%$9M82.5K
21WFCWELLS FARGO COMPANY NEWhistory →Equities1.13%$9M91.2K
22UNPUNION PAC CORPORATIONhistory →Equities1.11%$9M37.5K
23OREALTY INCOME CORPORATION REIThistory →Equities1.10%$8M146.0K
24CMICUMMINS INCORPORATEDhistory →Equities1.08%$8M15.1K
25EPDENTERPRISE PRODUCTS PARTNERS L Phistory →Equities1.07%$8M257.3K
26TRANE TECHNOLOGIES PLC SHSEquities1.01%$8M20.4K
27PEPPEPSICO INCORPORATEDEquities0.97%$8M53.7K
28SCHWSCHWAB CHARLES CORPORATIONEquities0.97%$7M74.5K
29CMCSACOMCAST CORP NEW CLASS AEquities0.92%$7M249.6K
30GDGENERAL DYNAMICS CORPORATIONEquities0.89%$7M19.5K
31SOSOUTHERN COMPANYEquities0.88%$7M78.0K
32BKNGBOOKING HOLDINGS INCORPORATEDEquities0.85%$7M1.2K
33CMECME GROUP INCORPORATEDEquities0.84%$6M24.7K
34SBUXSTARBUCKS CORPORATIONEquities0.81%$6M70.5K
35LOWLOWES COMPANIES INCORPORATEDEquities0.80%$6M23.1K
36HDHOME DEPOT INCORPORATEDEquities0.80%$6M16.4K
37MSIMOTOROLA SOLUTIONS INCORPORATED COM NEWEquities0.79%$6M15.9K
38GARMIN LIMITED SHSEquities0.77%$6M28.1K
39GLWCORNING INCORPORATEDEquities0.75%$6M67.5K
40CATCATERPILLAR INCORPORATEDEquities0.69%$5M8.6K
41JNJJOHNSON & JOHNSONEquities0.68%$5M25.5K
42IQVIQVIA HLDGS INCORPORATEDEquities0.66%$5M20.9K
43ULUNILEVER PLC SPON ADR NEWEquities0.65%$5M77.9K
44UPSUNITED PARCEL SERVICE INCORPORATED CLASS BEquities0.65%$5M46.2K
45NVSNNOVARTIS AG SPONSORED ADREquities0.60%$5M32.9K
46BNYBANK NEW YORK MELLON CORPORATIONEquities0.60%$5M38.7K
47BACBANK AMERICA CORPORATIONEquities0.58%$4M80.0K
48DRIDARDEN RESTAURANTS INCORPORATEDEquities0.56%$4M21.4K
49BACVERIZON COMMUNICATIONS INCORPORATEDEquities0.53%$4M101.2K
50RJFRAYMOND JAMES FINL INCORPORATEDEquities0.53%$4M24.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$827M181Jul 9, 202613F-HRchanges · EDGAR ↗
Q1 2026$758M179Apr 9, 202613F-HRchanges · EDGAR ↗
Q4 2025$771M176Jan 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$756M175Oct 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$708M177Jul 1, 202513F-HRchanges · EDGAR ↗
Q1 2025$659M173Apr 1, 202513F-HRchanges · EDGAR ↗
Q4 2024$678M177Jan 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$671M182Oct 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$627M177Jul 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$635M183Apr 4, 202413F-HRchanges · EDGAR ↗
Q4 2023$571M172Jan 30, 202413F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.