CULLEN INVESTMENT GROUP, LTD.

CIK 797203 · View on SEC EDGAR ↗

Portfolio value
$826.5M
#2,767 of 9,443 by 13F value · top 29.3%
Positions
181
As of
June 30, 2026

Portfolio value QoQ: +9.1% 13F does not disclose cash

Top 10 holdings weight
38.87%
Top 25 holdings weight
62.02%
Positions above 1%
31
Effective number of positions
43.2

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 2.58% Est. buys $27,815,501 · sells $20,405,035

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 85.0% still held

New positions
9
Increased
71
Decreased
86
Closed
7
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+22.8%
S&P 500 total return (same window)
+28.1%
Excess return
-5.3%

Annualized: +14.7% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 92.5% · Options excluded: 0.0%

Sector breakdown

Technology
20.7%
Industrials
16.1%
Healthcare
10.4%
Communication Services
8.4%
Retail
7.4%
Energy
6.2%
Financials
5.9%
Financial Services
5.8%
Consumer Staples
3.2%
Consumer Discretionary
2.9%
Consumer products
2.1%
Real Estate
1.1%
Utilities
0.8%
Telecommunication
0.5%
Communications
0.4%
Logistics & Transportation
0.3%
Materials
0.3%
Other/Unmapped
7.2%

Full portfolio 181 positions

Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $53,546,815 6.48% 185,063 $5,880,511 Down ×4
BRKB $52,789,428 6.39% 105,501 $4,186,151 Up ×3
GOOG Alphabet Inc. - Class C Capital Stock $39,581,999 4.79% 112,029 $6,397,013 Down ×1
MSFT Microsoft Corporation - Common Stock $31,969,675 3.87% 85,710 $294,609 Up ×2
WMT Walmart Inc. - Common Stock $31,590,943 3.82% 278,912 $-3,813,054 Down ×4
JPM JP Morgan Chase & Co. Common Stock $29,157,224 3.53% 89,073 $2,585,041 Down ×4
NVDA NVIDIA Corporation - Common Stock $21,546,247 2.61% 107,683 $2,766,509 Up ×1
AVGO Broadcom Inc. - Common Stock $20,952,019 2.53% 55,469 $2,722,146 Down ×3
ETN Eaton Corporation, PLC Ordinary Shares $20,941,158 2.53% 49,144 $2,432,892 Down ×3
AMZN Amazon.com, Inc. - Common Stock $19,193,268 2.32% 80,525 $3,098,389 Up ×5
PM Philip Morris International Inc Common Stock $17,280,067 2.09% 95,506 $1,230,911 Down ×1
GLW Corning Incorporated Common Stock $17,081,704 2.07% 66,874 $7,942,341 Down ×6
XOM Exxon Mobil Corporation Common Stock $14,776,706 1.79% 108,084 $-3,740,019 Down ×3
MRK Merck & Company, Inc. Common Stock (new) $14,261,920 1.73% 110,982 $702,356 Down ×3
AMAT Applied Materials, Inc. - Common Stock $13,984,201 1.69% 19,353 $7,906,618 Up ×2
LLY Eli Lilly and Company Common Stock $13,969,628 1.69% 11,647 $3,118,092 Down ×6
DE Deere & Company Common Stock $13,512,225 1.63% 21,302 $1,382,817 Down ×6
ADI Analog Devices, Inc. - Common Stock $13,352,542 1.62% 33,624 $2,630,207 Down ×2
META Meta Platforms, Inc. - Class A Common Stock $11,435,047 1.38% 20,301 $1,298,762 Up ×4
V Visa Inc. $11,029,453 1.33% 32,148 $1,543,670 Up ×3
JCI Johnson Controls International plc Ordinary Share $10,697,107 1.29% 73,236 $704,052 Down ×3
GD General Dynamics Corporation Common Stock $10,574,886 1.28% 29,859 $1,000,361 Up ×3
CMI Cummins Inc. Common Stock $9,890,746 1.20% 13,868 $2,248,243 Down ×6
SCHW Charles Schwab Corporation (The) Common Stock $9,847,075 1.19% 106,747 $498,915 Up ×5
MDT Medtronic plc. Ordinary Shares $9,693,544 1.17% 123,864 $163,417 Up ×6
WFC Wells Fargo & Company Common Stock $9,565,262 1.16% 115,732 $986,081 Up ×3
EPD Enterprise Products Partners L.P. Common Stock $9,369,489 1.13% 254,883 $-329,814 Down ×6
CAT Caterpillar, Inc. Common Stock $9,117,946 1.10% 8,562 $3,031,712 Down ×4
NVS Novartis AG Common Stock $8,703,820 1.05% 55,534 $1,021,451 Up ×3
BKNG Booking Holdings Inc. - Common Stock $8,519,153 1.03% 47,780 $1,367,308 Up ×2
TT Trane Technologies plc $8,342,728 1.01% 16,986 $890,552 Down ×6
AMD Advanced Micro Devices, Inc. - Common Stock $7,979,380 0.97% 13,736 $5,047,140 Down ×3
O Realty Income Corporation Common Stock $7,856,823 0.95% 126,784 $-268,422 Down ×3
CMCSA Comcast Corporation - Class A Common Stock $7,822,505 0.95% 318,683 $-920,755 Up ×3
BK The Bank of New York Mellon Corporation Common Stock $7,694,934 0.93% 53,216 $1,859,789 Up ×3
UNP Union Pacific Corporation Common Stock $7,651,055 0.93% 28,129 $312,201 Down ×3
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $7,294,005 0.88% 121,295 $947,933 Up ×2
SBUX Starbucks Corporation - Common Stock $6,742,886 0.82% 65,984 $763,527 Down ×6
JNJ Johnson & Johnson Common Stock $6,318,961 0.76% 24,881 $119,633 Down ×6
GRMN Garmin Ltd. Common Stock (Switzerland) $6,248,913 0.76% 26,307 $64,223 Down ×6
COP ConocoPhillips Common Stock $6,239,842 0.75% 60,020 $-1,048,550 Up ×3
MCK McKesson Corporation Common Stock $5,807,552 0.70% 7,687 $-217,733 Up ×4
GOOGL Alphabet Inc. - Class A Common Stock $5,232,079 0.63% 14,641 $827,702 Down ×1
BDX Becton, Dickinson and Company Common Stock $5,127,249 0.62% 33,869 $286,581 Up ×2
LOW Lowe's Companies, Inc. Common Stock $4,706,841 0.57% 21,347 $-436,445 Down ×6
PEP PepsiCo, Inc. - Common Stock $4,506,904 0.55% 33,286 $-1,441,669 Down ×3
IQV IQVIA Holdings, Inc. Common Stock $3,888,166 0.47% 20,123 $450,932 Down ×3
AMRZ Amrize Ltd Ordinary Shares $3,864,746 0.47% 72,513 $253,753 Up ×1
MSI Motorola Solutions, Inc. Common Stock $3,708,871 0.45% 8,931 $-1,054,649 Down ×3
RJF Raymond James Financial, Inc. Common Stock $3,648,657 0.44% 24,000 $180,548 Up ×1
AXP American Express Company Common Stock $3,595,044 0.43% 10,628 $367,713 Down ×1
CVX Chevron Corporation Common Stock $3,575,962 0.43% 21,573 $-980,131 Down ×1
SO Southern Company (The) Common Stock $3,530,913 0.43% 36,892 $-796,334 Down ×3
CME CME Group Inc. - Class A Common Stock $3,431,677 0.42% 15,540 $-1,904,840 Down ×3
FERG Ferguson Enterprises Inc. Common Stock $3,344,336 0.40% 14,090 $459,062 Up ×1
ABBV AbbVie Inc. Common Stock $3,237,445 0.39% 12,865 $439,832 Up ×2
PG Procter & Gamble Company (The) Common Stock $3,218,875 0.39% 21,951 $-27,969 Down ×6
MA Mastercard Incorporated Common Stock $3,207,082 0.39% 6,244 $82,852 Down ×6
BLK BlackRock, Inc. Common Stock $3,139,571 0.38% 3,265 $-26,106 Down ×6
SYK Stryker Corporation Common Stock $3,025,362 0.37% 9,609 $-153,250 Down ×6
AON Aon plc Class A Ordinary Shares (Ireland) $2,881,239 0.35% 8,688 $397,124 Up ×1
AMGN Amgen Inc. - Common Stock $2,799,152 0.34% 7,730 $92,344 Up ×1
ENB Enbridge Inc Common Stock $2,781,748 0.34% 51,314 $6,937 Up ×1
DRI Darden Restaurants, Inc. Common Stock $2,541,423 0.31% 12,336 $-390,105 Down ×3
HWM Howmet Aerospace Inc. Common Stock $2,512,437 0.30% 9,345 $359,626 Up ×2
MPC Marathon Petroleum Corporation Common Stock $2,458,730 0.30% 9,617 $40,241 Down ×1
UPS United Parcel Service, Inc. Common Stock $2,446,954 0.30% 22,762 $-376,815 Down ×3
HD Home Depot, Inc. (The) Common Stock $2,385,957 0.29% 6,765 $-475,543 Down ×3
DIS Walt Disney Company (The) Common Stock $2,276,253 0.28% 23,649 $-147,261 Down ×4
CP Canadian Pacific Kansas City Limited Common Shares $2,250,020 0.27% 25,967 $209,405 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $2,093,669 0.25% 4,175 Up ×1
MKC McCormick & Company, Incorporated Common Stock $2,090,399 0.25% 41,460 $-131,631 Down ×6
POOL Pool Corporation - Common Stock $2,068,072 0.25% 9,623 $113,980 Down ×3
NFG National Fuel Gas Company Common Stock $2,035,978 0.25% 26,369 $-430,291 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $1,908,249 0.23% 10,327 $570,539 Down ×2
SPYM $1,811,558 0.22% 20,614 $405,059 Up ×2
FANG Diamondback Energy, Inc. - Common Stock $1,791,138 0.22% 10,190 $-287,125 Down ×3
RTX RTX Corporation Common Stock $1,768,646 0.21% 9,322 $-25,640 Up ×1
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $1,765,499 0.21% 6,492 $1,155,062 Down ×1
VZ Verizon Communications Inc. Common Stock $1,758,045 0.21% 41,522 $-1,029,884 Down ×3
BAC Bank of America Corporation Common Stock $1,697,844 0.21% 29,797 $247,624 Up ×1
KMI Kinder Morgan, Inc. Common Stock $1,671,148 0.20% 52,272 $-71,109 Up ×1
GE GE Aerospace Common Stock $1,661,616 0.20% 4,446 $401,277 Up ×1
PGR Progressive Corporation (The) Common Stock $1,639,274 0.20% 7,504 $159,871 Up ×1
VOO $1,629,800 0.20% 2,373 $237,508 Up ×2
GILD Gilead Sciences, Inc. - Common Stock $1,608,334 0.19% 12,730 $-160,354 Up ×1
SU Suncor Energy Inc. Common Stock $1,574,667 0.19% 29,334 $-354,997 Up ×1
HBCP Home Bancorp, Inc. - Common Stock $1,445,257 0.17% 21,092 $164,933 Down ×1
TSLA Tesla, Inc. - Common Stock $1,425,834 0.17% 3,390 $164,858 Down ×2
ORLY O'Reilly Automotive, Inc. - Common Stock $1,419,567 0.17% 15,415 $-3,392
CSX CSX Corporation - Common Stock $1,402,144 0.17% 29,500 $174,978 Down ×2
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $1,354,627 0.16% 17,470 $-259,187 Up ×1
LHX L3Harris Technologies, Inc. Common Stock $1,348,167 0.16% 4,639 $-322,518 Down ×3
OKE ONEOK, Inc. Common Stock $1,335,877 0.16% 15,366 $-27,651 Up ×4
ET Energy Transfer LP Common Units $1,326,928 0.16% 69,400 $16,458 Up ×4
WBD Warner Bros. Discovery, Inc. - Series A Common Stock $1,293,179 0.16% 48,506 $-38,805
IRDM Iridium Communications Inc - Common Stock $1,274,450 0.15% 23,235 $630,745 Up ×1
ECL Ecolab Inc. Common Stock $1,272,164 0.15% 4,566 $34,502 Down ×3
ALL Allstate Corporation (The) Common Stock $1,257,611 0.15% 5,285 $19,125 Down ×3
RSG Republic Services, Inc. Common Stock $1,240,668 0.15% 5,823 $-33,074 Up ×2

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
BRKB $52,789,428 6.39% up ×3
AMZN $19,193,268 2.32% up ×5
META $11,435,047 1.38% up ×4
V $11,029,453 1.33% up ×3
GD $10,574,886 1.28% up ×3
SCHW $9,847,075 1.19% up ×5
MDT $9,693,544 1.17% up ×6
WFC $9,565,262 1.16% up ×3
NVS $8,703,820 1.05% up ×3
CMCSA $7,822,505 0.95% up ×3
BK $7,694,934 0.93% up ×3
COP $6,239,842 0.75% up ×3
MCK $5,807,552 0.70% up ×4
OKE $1,335,877 0.16% up ×4
ET $1,326,928 0.16% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
TMO $2,093,669 4,175 0.25%
MSGS $1,134,720 2,824 0.14%
COO $430,260 6,000 0.05%
STX $241,250 250 0.03%
TSM $240,250 503 0.03%
QQQ $226,618 308 0.03%
TRV $216,924 657 0.03%
ACA $205,963 1,418 0.02%
BUD $200,102 2,428 0.02%

Top movers (QoQ)

Security Action Shares Δ Value Δ
GLW Trimmed -342 +$7.9M
AMAT Bought more +2K +$7.9M
GOOG Trimmed -4K +$6.4M
AAPL Trimmed -3K +$5.9M
AMD Trimmed -678 +$5.0M
BRKB Bought more +4K +$4.2M
WMT Trimmed -6K -$3.8M
XOM Trimmed -1K -$3.7M
LLY Trimmed -151 +$3.1M
AMZN Bought more +3K +$3.1M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
CB June 30, 2025 21,558 $6,510,415 18.6%
BBY Sept. 30, 2025 77,302 $5,189,287 15.5%
SPGI March 31, 2025 3,807 $1,896,171 -14.7%
FISV Dec. 31, 2025 14,017 $1,788,009 -23.3%
SNPS Dec. 31, 2025 3,553 $1,666,961 -15.2%
STE March 31, 2025 6,912 $1,420,742 4.3%
CMG Dec. 31, 2025 31,469 $1,314,145 -3.0%
DXCM Dec. 31, 2025 15,164 $1,016,746 34.8%
PARA Sept. 30, 2025 66,464 $857,383
EL Dec. 31, 2025 5,696 $501,349 -6.2%
MU March 31, 2026 1,000 $345,090 191.5%
HON June 30, 2026 1,487 $336,213 -1.9%
DEO March 31, 2025 2,432 $309,180 -11.0%
PYPL March 31, 2026 4,921 $283,774 37.6%
QQQ March 31, 2026 442 $276,815
EW June 30, 2026 3,408 $272,913 -1.2%
EOG March 31, 2025 2,058 $252,250 19.1%
ORCL March 31, 2025 1,461 $243,517 4.8%
VLO Sept. 30, 2025 1,772 $238,136 103.2%
WSM March 31, 2025 1,235 $228,779 49.6%
CARR March 31, 2025 3,209 $219,054 -3.9%
NRP June 30, 2026 1,809 $218,886 7.8%
INTC June 30, 2025 9,495 $215,638 310.4%
FDX June 30, 2026 601 $213,909 5.2%
CARR Sept. 30, 2025 2,903 $212,492 2.1%
ICE Sept. 30, 2025 1,133 $207,912 -4.5%
PSX June 30, 2025 1,664 $205,452 103.7%
ADP Dec. 31, 2025 704 $204,990 8.5%
BP June 30, 2025 6,002 $202,818 51.1%
THO June 30, 2026 2,530 $202,123 6.1%
NEE Sept. 30, 2025 2,908 $201,873 12.6%
VICR Sept. 30, 2025 4,450 $201,852 320.8%
TRV Sept. 30, 2025 748 $200,031 31.2%
PSKY June 30, 2026 21,688 $195,629 4.8%
WU March 31, 2025 13,963 $148,005 -31.1%
WEN June 30, 2026 16,883 $117,339 6.0%
CALY March 31, 2025 11,622 $91,350 142.5%
LILA March 31, 2025 11,700 $74,412 29.8%
NAK Dec. 31, 2025 14,333 $18,920 No longer tracked