# CULLEN INVESTMENT GROUP, LTD.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 797203. Source: https://holderbook.com/funds/797203-cullen-investment-group-ltd/

- Reported value: $826.5M
- Positions: 181
- Weight of the ten largest: 38.9%
- Filed: 2026-07-09

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $53.5M | 185,063 | 6.5% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $52.8M | 105,501 | 6.4% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $39.6M | 112,029 | 4.8% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $32.0M | 85,710 | 3.9% | 11 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $31.6M | 278,912 | 3.8% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $29.2M | 89,073 | 3.5% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $21.5M | 107,683 | 2.6% | 11 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $21.0M | 55,469 | 2.5% | 11 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $20.9M | 49,144 | 2.5% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $19.2M | 80,525 | 2.3% | 11 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $17.3M | 95,506 | 2.1% | 3 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $17.1M | 66,874 | 2.1% | 11 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $14.8M | 108,084 | 1.8% | 11 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $14.3M | 110,982 | 1.7% | 11 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $14.0M | 19,353 | 1.7% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $14.0M | 11,647 | 1.7% | 11 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $13.5M | 21,302 | 1.6% | 11 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $13.4M | 33,624 | 1.6% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $11.4M | 20,301 | 1.4% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $11.0M | 32,148 | 1.3% | 11 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $10.7M | 73,236 | 1.3% | 11 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $10.6M | 29,859 | 1.3% | 11 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $9.9M | 13,868 | 1.2% | 11 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $9.8M | 106,747 | 1.2% | 6 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $9.7M | 123,864 | 1.2% | 11 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $9.6M | 115,732 | 1.2% | 11 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $9.4M | 254,883 | 1.1% | 11 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $9.1M | 8,562 | 1.1% | 11 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $8.7M | 55,534 | 1.1% | 11 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $8.5M | 47,780 | 1.0% | 3 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $8.3M | 16,986 | 1.0% | 11 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $8.0M | 13,736 | 1.0% | 11 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $7.9M | 126,784 | 1.0% | 7 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $7.8M | 318,683 | 0.9% | 11 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $7.7M | 53,216 | 0.9% | 4 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $7.7M | 28,129 | 0.9% | 11 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $7.3M | 121,295 | 0.9% | 3 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $6.7M | 65,984 | 0.8% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $6.3M | 24,881 | 0.8% | 11 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $6.2M | 26,307 | 0.8% | 11 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $6.2M | 60,020 | 0.8% | 11 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $5.8M | 7,687 | 0.7% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.2M | 14,641 | 0.6% | 11 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $5.1M | 33,869 | 0.6% | 3 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $4.7M | 21,347 | 0.6% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $4.5M | 33,286 | 0.5% | 11 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $3.9M | 20,123 | 0.5% | 11 |
| AMRIZE LTD | [AMRZ](https://holderbook.com/stocks/AMRZ/) | $3.9M | 72,513 | 0.5% | 2 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $3.7M | 8,931 | 0.4% | 11 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $3.6M | 24,000 | 0.4% | 11 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $3.6M | 10,628 | 0.4% | 11 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.6M | 21,573 | 0.4% | 11 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $3.5M | 36,892 | 0.4% | 11 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $3.4M | 15,540 | 0.4% | 11 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $3.3M | 14,090 | 0.4% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.2M | 12,865 | 0.4% | 11 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.2M | 21,951 | 0.4% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.2M | 6,244 | 0.4% | 11 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $3.1M | 3,265 | 0.4% | 7 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $3.0M | 9,609 | 0.4% | 11 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $2.9M | 8,688 | 0.3% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.8M | 7,730 | 0.3% | 11 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $2.8M | 51,314 | 0.3% | 11 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $2.5M | 12,336 | 0.3% | 11 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $2.5M | 9,345 | 0.3% | 11 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $2.5M | 9,617 | 0.3% | 11 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $2.4M | 22,762 | 0.3% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.4M | 6,765 | 0.3% | 11 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.3M | 23,649 | 0.3% | 11 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $2.3M | 25,967 | 0.3% | 11 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.1M | 4,175 | 0.3% | 1 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $2.1M | 41,460 | 0.3% | 11 |
| POOL CORP | [POOL](https://holderbook.com/stocks/POOL/) | $2.1M | 9,623 | 0.3% | 11 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $2.0M | 26,369 | 0.2% | 11 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.9M | 10,327 | 0.2% | 11 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $1.8M | 20,614 | 0.2% | 3 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $1.8M | 10,190 | 0.2% | 11 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.8M | 9,322 | 0.2% | 11 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $1.8M | 6,492 | 0.2% | 5 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.8M | 41,522 | 0.2% | 11 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.7M | 29,797 | 0.2% | 11 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.7M | 52,272 | 0.2% | 11 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.7M | 4,446 | 0.2% | 11 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $1.6M | 7,504 | 0.2% | 11 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.6M | 2,373 | 0.2% | 11 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $1.6M | 12,730 | 0.2% | 11 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $1.6M | 29,334 | 0.2% | 11 |
| HOME BANCORP INC | [HBCP](https://holderbook.com/stocks/HBCP/) | $1.4M | 21,092 | 0.2% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.4M | 3,390 | 0.2% | 11 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $1.4M | 15,415 | 0.2% | 11 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.4M | 29,500 | 0.2% | 11 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $1.4M | 17,470 | 0.2% | 11 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $1.3M | 4,639 | 0.2% | 11 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $1.3M | 15,366 | 0.2% | 11 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $1.3M | 69,400 | 0.2% | 11 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $1.3M | 48,506 | 0.2% | 11 |
| IRIDIUM COMMUNICATIONS INC | [IRDM](https://holderbook.com/stocks/IRDM/) | $1.3M | 23,235 | 0.2% | 11 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.3M | 4,566 | 0.2% | 6 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $1.3M | 5,285 | 0.2% | 11 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $1.2M | 5,823 | 0.2% | 11 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.1% | +14.8% | -5.7% | 100% |
| Q1 2026 | -0.4% | -4.6% | +4.2% | 99% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 99% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +6.0% | +10.5% | -4.4% | 100% |
| Q1 2025 | -2.0% | -4.6% | +2.6% | 100% |
| Q4 2024 | +0.8% | +2.1% | -1.3% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $826.5M | 181 |
| Q1 2026 | $757.6M | 179 |
| Q4 2025 | $771.4M | 176 |
| Q3 2025 | $756.2M | 175 |
| Q2 2025 | $708.3M | 177 |
| Q1 2025 | $659.4M | 173 |
| Q4 2024 | $678.0M | 177 |
| Q3 2024 | $670.7M | 182 |
| Q2 2024 | $627.1M | 177 |
| Q1 2024 | $634.7M | 182 |
| Q4 2023 | $571.1M | 172 |