Data as of Q4 2025 (Dec 31, 2025)

Cullen Capital Management, LLC

•CIK: 1362535•Filing: Q4 2025

Cullen Capital Management, LLC, led by the seasoned investor David Cullen, is known for its concentrated, high-conviction bets, currently managing $9.2 billion in assets across 225 positions. Recently, the fund has made notable moves by adding FT2 and XLI with significant gains of 3601% and 3140%, respectively, while exiting positions in FITBM and TTEN.

Total AUM
$9.2B
QoQ Performance
+0.2%
Positions
225
Top 10 Concentration
28.6%
Latest Filing
Q4 2025

Top Holdings Allocation

CSCO3.1%
NVSN3.1%
BAC3.1%
JPM3.0%
TRVC2.9%
DWD2.9%
MRK2.6%
JNJ2.6%

📈 Biggest Buys

UL
Unilever PLC (ADR)
NEW
1.6% of portfolio
XLC
State Street Communication Ser
+2941.6%
0.6% of portfolio
FT2
First Horizon Corp.
+3401.0%
0.5% of portfolio
AIG
American International Group I
NEW
0.5% of portfolio
XLI
State Street Industrial Select
+3121.1%
0.4% of portfolio

📉 Biggest Sells

DGED
Diageo PLC (ADR)
-50.3%
0.6% of portfolio
JPM
JP Morgan Chase & Co.
-16.4%
3.0% of portfolio
RTX
RTX Corp
-15.0%
2.4% of portfolio
CMCSA
Comcast Corp. (Cl A)
-22.2%
1.4% of portfolio
DOW
Dow Inc
-39.9%
0.6% of portfolio

Sector Breakdown

Other50.3%
Healthcare10.4%
Financial9.0%
Technology8.4%
Industrial6.3%
Energy4.7%
Utilities4.6%
Communication3.0%

🚪 Exited Positionssold since Q3 2025

UL
Unilever PLC (ADR)
SOLD
$147.8M
KVUE
Kenvue Inc
SOLD
$39.1M
NSC
Norfolk Southern Corp.
SOLD
$36.5M
TTEN
TotalEnergies SE (ADR)
SOLD
$11.4M
EWZ
iShares MSCI Brazil ETF
SOLD
$6.0M
+29 more exited positions

Changes from Q3 2025

NEW17 new positions
↑49 increased
↓112 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023

📌 Top Holdings

CSCO3.1%
Cisco Systems Inc.
$287.5M
NVSN3.1%
Novartis AG (ADR)
$286.9M
BAC3.1%
Bank of America Corp.
$284.4M
JPM3.0%
JP Morgan Chase & Co.
$271.3M
TRVC2.9%
Citigroup Inc.
$268.7M

⚖️ Compare Fund

Compare this fund's holdings with other hedge funds.

🎯 Fund Movement Signals

See AI-analyzed fund movement signals and accumulation patterns.

👤 Insider Trading

See what corporate insiders are buying and selling.