SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Cullen Capital Management, LLC

CIK 0001362535 · 645 FIFTH AVE, NEW YORK, NY, 10022 · 212-644-1800

Reported Value
$9.3B
Q3 2022
Positions
281
Filings on Record
31
2019–present window
Filed
Nov 10, 2022
original filing

Summary

Cullen Capital Management, LLC reported $9.3B in U.S.-listed holdings across 281 positions for Q3 2022.

Its largest position, JNJ, represents 2.8% of the portfolio.

Compared with Q2 2022, the fund opened 18 new positions and exited 19.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.3BQ4 ’18Q1 ’19: $2.5BQ2 ’19: $2.6BQ3 ’19: $2.5BQ4 ’19: $2.6BQ4 ’19Q1 ’20: $1.7BQ2 ’20: $1.8BQ3 ’20: $1.7BQ4 ’20: $1.8BQ4 ’20Q1 ’21: $9.3BQ2 ’21: $10.3BQ3 ’21: $10.2BQ4 ’21: $10.7BQ4 ’21Q1 ’22: $10.9BQ2 ’22: $10.0BQ3 ’22: $9.3BQ4 ’22: $7.8BQ4 ’22Q1 ’23: $10.9BQ2 ’23: $11.2BQ3 ’23: $8.6BQ4 ’23: $6.7BQ4 ’23Q1 ’24: $9.0BQ2 ’24: $8.7BQ3 ’24: $9.2BQ4 ’24: $8.6BQ4 ’24Q1 ’25: $8.7BQ3 ’25: $9.1BQ4 ’25: $9.2BQ1 ’26: $9.8BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 63.3%ADR: 19.4%Other: 12.1%REIT: 4.6%ETP: 0.4%Other: 0.2%
  • Common Stock · 63.3% · $5.9B
  • ADR · 19.4% · $1.8B
  • Other · 12.1% · $1.1B
  • REIT · 4.6% · $428M
  • ETP · 0.4% · $36M
  • Other · 0.2% · $15M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EOGEOG Resources Inc.NEW+343.4K343.4K+$38M$38M
Mytilineos SA (ADR)NEW+142.9K142.9K+$2M$2M
Coca Cola Euro PacificNEW+25.3K25.3K+$1M$1M
GLDDGreat Lakes Dredge & Dock CorpNEW+97.8K97.8K+$741,000$741,000
XLUUtilities Select Sector SPDR FNEW+10.8K10.8K+$709,000$709,000
TKRThe Timken Co.NEW+8.0K8.0K+$474,000$474,000
iShares Russell 1000 Value ETFNEW+3.2K3.2K+$432,000$432,000
3R PetroleumonNEW+62.7K62.7K+$414,000$414,000

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

Holdings — Q3 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JNJJohnson & JohnsonCOM2.85%$266M1.63M
2NVSNNovartis AG (ADR)ADR2.82%$264M3.47M
3EXMOCExxon Mobil Corp.COM2.68%$250M2.86M
4MRKMerck & Co. Inc.COM2.65%$247M2.87M
5BCEBCE Inc.COM2.50%$234M5.57M
6GPCGenuine Parts Co.COM2.47%$230M1.54M
7DWDMorgan StanleyCOM2.45%$229M2.89M
8CHVChevron Corp.COM2.44%$228M1.58M
9RTXRaytheon Technologies Corp.COM2.44%$227M2.78M
10JPMJP Morgan Chase & Co.COM2.30%$215M2.06M
114I1Philip Morris International InCOM2.27%$212M2.56M
12Medtronic PLCCOM2.27%$212M2.63M
13Chubb Ltd.COM2.24%$209M1.15M
14NEENextEra Energy IncCOM2.21%$206M2.63M
15DUKDuke Energy Corp.COM2.19%$205M2.20M
16Unilever PLC (ADR)ADR2.01%$187M4.27M
17Johnson Controls InternationalCOM1.94%$181M3.69M
18AVGOBroadcom Ltd.COM1.94%$181M407.6K
19COPConocoPhillipsCOM1.92%$179M1.75M
20SIEBSiemens AG (ADR)ADR1.91%$178M3.65M
21VICIVici Properties Inc.COM1.88%$175M5.87M
22PFEPfizer Inc.COM1.87%$174M3.98M
23DOCHealthpeak Properties IncCOM1.84%$172M7.49M
24CSCOCisco Systems Inc.COM1.80%$168M4.19M
25TFCTruist Financial CorpCOM1.76%$164M3.77M
26BACBank of America Corp.COM1.68%$156M5.18M
27GDGeneral Dynamics Corp.COM1.66%$155M731.7K
28DOWDow IncCOM1.64%$153M3.48M
29UPSUnited Parcel Service Inc.COM1.46%$136M841.9K
30LOWLowe's Cos. Inc.COM1.46%$136M723.2K
31MOAltria Group Inc.COM1.44%$134M3.32M
32DYHTarget Corp.COM1.42%$132M891.1K
33TRVCCitigroup Inc.COM1.37%$128M3.06M
34KMBKimberly-Clark Corp.COM1.33%$124M1.10M
35INTCIntel Corp.COM1.31%$122M4.73M
36CMCSAComcast Corp. (Cl A)COM1.30%$121M4.13M
37TRVThe Travelers Companies Inc.COM1.10%$103M673.1K
38MMM3M Co.COM1.05%$98M885.8K
39DGEDDiageo PLC (ADR)ADR1.04%$97M568.9K
40TAT&T Inc.COM1.02%$95M6.23M
41BXPBoston Properties Inc.COM0.83%$78M1.03M
42RIORio Tinto PLC (ADR)ADR0.82%$77M1.39M
43MSFTMicrosoft Corp.COM0.81%$76M324.7K
44Nippon Telegraph & Telephone CADR0.65%$60M2.23M
45BMYBristol-Myers Squibb Co.COM0.62%$58M820.3K
46TotalEnergies SE (ADR)ADR0.58%$54M1.17M
47UOVEYUnited Overseas Bank Ltd. (ADR)ADR0.55%$52M1.43M
48SHELShell PLC (ADR)ADR0.53%$49M990.1K
49Nestle SA (ADR)ADR0.53%$49M457.7K
50ZURVYZurich Insurance Group AG (ADR)ADR0.52%$48M1.21M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$9.8B213May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$9.2B225Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$9.1B217Nov 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$8.7B205May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$8.6B208Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$9.2B206Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$8.7B210Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$9.0B198May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$6.7B213Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$8.6B206Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$11.2B295Aug 15, 202313F-HRchanges · EDGAR ↗
Q1 2023$10.9B276May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$7.8B210Feb 16, 202313F-HRchanges · EDGAR ↗
Q3 2022$9.3B281Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$10.0B282Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$10.9B280May 3, 202213F-HRchanges · EDGAR ↗
Q4 2021$10.7B287Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$10.2B271Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$10.3B276Aug 4, 202113F-HRchanges · EDGAR ↗
Q1 2021$9.3B275May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.8B134Jan 26, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.7B122Nov 2, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.8B121Jul 31, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.7B119May 13, 2020RESTATEMENTchanges · EDGAR ↗
Q4 2019$2.6B126Jan 31, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.5B130Nov 15, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.6B133Jul 30, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.5B125May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.3B128Feb 14, 201913F-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 ↗.