Cullen Capital Management, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Cullen Capital Management, LLC reported 225 stock positions worth $9.2 billion. Its top holding was Cisco Systems (CSCO) at 3.1% of the portfolio, followed by Novartis AG-Sponsored ADR (NVS, 3.1%) and Bank of America (BAC, 3.1%). Compared with Q3 2025, it opened 16 new positions, sold out of 11, added to 56 and reduced 121. The biggest buy was SS Comm Select Sector SPDR (XLC, shares +2942%) and the biggest sale Diageo PLC-Sponsored ADR (DEO, shares −50%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001362535
Portfolio Value
$9.2B (Q4 2025)
SEC Filing
0001193125-26-049837 ↗ filed Feb 13, 2026

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $9.0B Q1 2024 Q2 2024: $8.7B Q2 2024 Q3 2024: $9.2B Q3 2024 Q4 2024: $8.6B Q4 2024 Q1 2025: $8.7B Q1 2025 Q2 2025: $8.8B Q2 2025 Q3 2025: $9.1B Q3 2025 Q4 2025: $9.2B $9.2B Q4 2025 Q1 2026: $9.8B Q1 2026 Q2 2026: $10.2B Q2 2026

Holdings 225 stocks · $9.2B

CSCO Cisco Systems Inc. 3.14% 3,732,436 $287.5M Reduce -5.2%
NVS Novartis AG-Sponsored ADR 3.13% 2,080,796 $286.9M Add +0.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.11% 5,170,265 $284.4M Reduce -5.2%
JPM JPMorgan Chase & Co. 2.96% 841,839 $271.3M Reduce -16.4%
C Citigroup Inc. 2.93% 2,302,748 $268.7M Reduce -6.3%
MS Morgan Stanley 2.92% 1,504,927 $267.2M Reduce -3.7%
MRK Merck & Co. Inc. 2.63% 2,291,041 $241.2M Reduce -2.2%
JNJ Johnson & Johnson 2.62% 1,159,046 $239.9M Reduce -3.0%
MDT Medtronic PLC 2.62% 2,495,206 $239.7M Reduce -6.6%
GD General Dynamics Corp. 2.56% 695,181 $234.0M Reduce -3.6%
DUK Duke Energy Corp. 2.44% 1,906,717 $223.5M Reduce -5.6%
RTX RTX Corp. 2.38% 1,190,191 $218.3M Reduce -15.0%
TFC Truist Financial Corp. 2.34% 4,347,033 $213.9M Reduce -5.3%
CB Chubb Ltd. 2.32% 681,729 $212.8M Reduce -0.6%
JCI Johnson Controls Internation 2.26% 1,728,794 $207.0M Reduce -6.5%
XOM Exxon Mobil Corp. 2.23% 1,693,138 $203.8M Reduce -11.4%
NEE Nextera Energy Inc. 2.16% 2,460,053 $197.5M Reduce -1.4%
PM Philip Morris International 2.09% 1,191,567 $191.1M Reduce -0.6%
AVGO Broadcom Inc. 2.01% 531,398 $183.9M Reduce -11.4%
COP Conocophillips 1.96% 1,915,053 $179.3M Reduce -2.1%
GPC Genuine Parts Co. 1.79% 1,336,590 $164.3M Reduce -1.6%
VICI Vici Properties Inc. filed as VICI PPTYS INC 1.75% 5,688,540 $160.0M Reduce -10.1%
DOC Healthpeak Properties Inc. 1.62% 9,247,344 $148.7M Reduce -9.6%
QCOM Qualcomm Inc. 1.61% 863,078 $147.6M Add +29.7%
LOW Lowe's Cos Inc. 1.60% 607,775 $146.6M Reduce -2.3%
TRV The Travelers Cos Inc. 1.57% 497,171 $144.2M Reduce -2.2%
UL Unilever PLC-Sponsored ADR 1.56% 2,186,791 $143.0M Reduce -1.3%
T AT&T Inc. 1.55% 5,714,515 $141.9M Reduce -1.8%
BCE Bce Inc. 1.48% 5,693,693 $135.6M Reduce -10.9%
BDX Becton Dickinson and Co. 1.48% 697,777 $135.4M Reduce -2.6%
MO Altria Group Inc. 1.47% 2,338,076 $134.8M Reduce -5.8%
CVX Chevron Corp. 1.45% 870,778 $132.7M Reduce -2.6%
CMCSA Comcast Corp. Class A 1.36% 4,159,312 $124.3M Reduce -22.2%
UNH Unitedhealth Group Inc. 1.20% 332,894 $109.9M Add +40.6%
UPS United Parcel Service Class B 1.17% 1,081,467 $107.3M Reduce -22.5%
MSFT Microsoft Corp. 1.07% 202,963 $98.2M Reduce -3.6%
CCI Crown Castle Inc. 1.03% 1,066,389 $94.8M Reduce -5.8%
TGT Target Corp. 0.99% 925,442 $90.5M Reduce -12.3%
ASX Ase Technology Holding -ADR 0.99% 5,607,381 $90.3M Reduce -0.2%
OMC Omnicom Group 0.95% 1,080,978 $87.3M Reduce -8.7%
BTI British American Tob-SP ADR 0.83% 1,334,963 $75.6M Add +0.0%
TSM Taiwan Semiconductor-SP ADR 0.79% 237,805 $72.3M Reduce -5.3%
BMY Bristol-Myers Squibb Co. 0.69% 1,176,726 $63.5M Reduce -12.2%
NGG National Grid PLC-SP ADR 0.64% 761,975 $58.9M Add +4.2%
XLC SS Comm Select Sector SPDR 0.63% 490,271 $57.7M Add +2941.6%
PCAR Paccar Inc. 0.63% 525,036 $57.5M Reduce -6.0%
DEO Diageo PLC-Sponsored ADR 0.61% 650,211 $56.1M Reduce -50.3%
PNC PNC Financial Services Group 0.59% 259,784 $54.2M Add +29.0%
PPL PPL Corp. 0.58% 1,509,426 $52.9M Reduce -17.1%
DOW Dow Inc. 0.58% 2,257,481 $52.8M Reduce -39.9%
PFE Pfizer Inc. 0.57% 2,097,331 $52.2M Reduce -7.1%
IBN Icici Bank Ltd.-Spon ADR 0.57% 1,747,387 $52.1M Add +1.0%
VZ Verizon Communications Inc. 0.56% 1,260,646 $51.3M Reduce -18.0%
ENB Enbridge Inc. 0.56% 1,063,905 $50.9M Add +3.3%
TM Toyota Motor Corp. -Spon ADR 0.55% 236,355 $50.6M Add +19.9%
FHN First Horizon Corp. 0.53% 2,030,457 $48.5M Add +3401.0%
EOG EOG Resources Inc. 0.52% 452,854 $47.6M Reduce -21.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.50% 154,588 $45.8M Reduce -9.6%
SYY Sysco Corp. 0.50% 619,282 $45.6M Reduce -9.7%
CCEP Coca-Cola Europacific Partne 0.49% 491,058 $44.5M Reduce -5.6%
AIG American International Group 0.46% 494,273 $42.3M New
KDP Keurig Dr Pepper Inc. 0.45% 1,478,726 $41.4M Reduce -3.1%
KOF Coca-Cola Femsa Sab-SP ADR 0.44% 423,641 $40.1M Reduce -7.5%
RIO Rio Tinto PLC-Spon ADR 0.44% 498,868 $39.9M Add +72.2%
PPG PPG Industries Inc. 0.43% 386,150 $39.6M Reduce -4.8%
XLI SS Industrial Select Sector 0.40% 237,878 $36.9M Add +3121.1%
TIGO Millicom Intl Cellular S.A. 0.40% 656,608 $36.4M Add +2.1%
UNP Union Pacific Corp. 0.39% 155,665 $36.0M Add +1612.7%
XLP SS Consumer Staples Sel Sect 0.39% 461,242 $35.8M Add +6016.5%
SW Smurfit Westrock PLC 0.39% 924,448 $35.7M Reduce -19.9%
SHEL Shell PLC-ADR 0.39% 480,347 $35.3M Reduce -1.9%
XLRE SS Real Estate Select Sector 0.36% 816,329 $32.9M Add +11070.4%
XLB SS Materials Select Sector 0.31% 626,265 $28.4M Add +7414.6%
NVO Novo-Nordisk A/S-Spons ADR 0.30% 547,520 $27.9M New
PBR Petroleo Brasileiro-Spon ADR 0.29% 2,271,269 $26.9M Add +44.1%
EWY iShares MSCI South Korea ETF 0.29% 269,232 $26.2M Add +20.9%
CPA Copa Holdings SA Class A 0.22% 163,557 $19.7M Reduce -21.9%
SNY Sanofi-ADR 0.19% 360,777 $17.5M Reduce -6.2%
EFV iShares MSCI Eafe Value ETF 0.17% 217,890 $15.6M Reduce -5.9%
XLV SS Health Care Select Sector 0.16% 94,269 $14.6M Add +994.9%
TTE Totalenergies SE 0.14% 199,123 $13.0M Add +4.5%
ACWX iShares MSCI Acwi Ex US ETF 0.14% 186,200 $12.5M Add +55.6%
EEM iShares MSCI Emerging Market 0.11% 187,165 $10.2M Reduce -18.4%
EWT iShares MSCI Taiwan ETF 0.11% 154,975 $9.8M Reduce -0.7%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.10% 110,730 $9.5M Reduce -1.2%
XLE SS Energy Select Sector 0.10% 204,009 $9.1M New
IWD iShares Russell 1000 Value E 0.07% 30,562 $6.4M Add +1791.2%
LAUR Laureate Education Inc. 0.07% 186,590 $6.3M Reduce -54.3%
AXP American Express Co. 0.07% 16,977 $6.3M Reduce -1.1%
BABA Alibaba Group Holding-SP ADR 0.07% 42,462 $6.2M Reduce -7.0%
AMAT Applied Materials Inc. 0.06% 20,110 $5.2M Reduce -9.4%
ITUB Itau Unibanco H-Spon PRF ADR 0.05% 685,872 $4.9M Add +2.5%
WMT Walmart Inc. 0.05% 42,019 $4.7M Reduce -3.8%
ETN Eaton Corp. PLC 0.05% 14,304 $4.6M Add +11.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 37,453 $4.3M Reduce -3.9%
ORCL Oracle Corp. 0.05% 21,445 $4.2M Reduce -0.6%
EPI Wisdomtree India Earnings 0.04% 88,959 $4.1M Reduce -3.5%
BWA Borgwarner Inc. 0.04% 88,811 $4.0M Reduce -0.9%
XLF SS Financial Select Sector 0.04% 71,693 $3.9M New
CI The Cigna Group 0.04% 13,912 $3.8M Reduce -0.8%
ALL Allstate Corp. 0.04% 17,556 $3.7M Reduce -0.2%
HON Honeywell International Inc. 0.04% 18,068 $3.5M No change
XLY SS Consumer Disc Select Sect 0.04% 29,126 $3.5M Add +875.4%
AXTA Axalta Coating Systems Ltd. 0.03% 98,191 $3.2M Reduce -2.2%
AXIAY Axia Energia-ADR filed as CENTRAIS ELET BRAS SA 0.03% 330,217 $3.0M New
MDLZ Mondelez International Inc. Class A 0.03% 56,137 $3.0M Reduce -3.9%
DVY iShares Select Dividend ETF 0.03% 21,130 $3.0M New
EPD Enterprise Products Partners 0.03% 78,203 $2.5M Reduce -7.9%
PKG Packaging Corp. of America 0.03% 12,116 $2.5M Reduce -0.8%
ARW Arrow Electronics Inc. 0.03% 21,848 $2.4M Reduce -0.8%
ET Energy Transfer LP 0.02% 134,221 $2.2M Reduce -14.4%
INDA iShares MSCI India ETF 0.02% 40,331 $2.2M Add +4.3%
SRE Sempra 0.02% 24,450 $2.2M Reduce -16.1%
RJF Raymond James Financial Inc. 0.02% 13,284 $2.1M Reduce -0.8%
MCD McDonald's Corp. 0.02% 6,647 $2.0M Reduce -3.8%
GE General Electric filed as GE AEROSPACE 0.02% 6,451 $2.0M No change
CNI Canadian Natl Railway Co. 0.02% 18,516 $1.8M Add +7.1%
GOOGL Alphabet Inc. Class A 0.02% 5,782 $1.8M Reduce -45.5%
CGW Invesco S&P Global Water Ind 0.02% 27,203 $1.7M New
SPG Simon Property Group Inc. 0.02% 9,250 $1.7M Reduce -1.6%
BA The Boeing Co. 0.02% 7,836 $1.7M Reduce -0.2%
CSX CSX Corp. 0.02% 45,854 $1.7M Reduce -1.6%
MU Micron Technology Inc. 0.02% 5,490 $1.6M Reduce -21.4%
ADBE Adobe Inc. 0.02% 4,435 $1.6M Add +45.5%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.02% 15,304 $1.5M Reduce -19.7%
FIS Fidelity National Info Serv 0.02% 22,168 $1.5M Reduce -3.9%
AAPL Apple Inc. 0.01% 4,940 $1.3M No change
PG The Procter & Gamble Co. 0.01% 9,131 $1.3M Reduce -1.5%
TREE Lendingtree Inc. 0.01% 24,636 $1.3M Reduce -0.7%
ADM Archer-Daniels-Midland Co. 0.01% 22,518 $1.3M Reduce -0.3%
MMM 3M Co. 0.01% 7,319 $1.2M Add +0.1%
PEP Pepsico Inc. 0.01% 8,074 $1.2M Reduce -0.5%
DOUG Douglas Elliman Inc. 0.01% 488,258 $1.2M Add +11.3%
GEV GE Vernova Inc. 0.01% 1,600 $1.0M No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.01% 11,271 $1.0M Reduce -0.5%
ST Sensata Technologies Holdplc 0.01% 30,125 $1.0M Add +27.1%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.01% 41,350 $986K Add +33.5%
GLDD Great Lakes Dredge & Dock Co. 0.01% 74,678 $980K No change
WTRG Essential Utilities Inc. 0.01% 25,201 $967K Reduce -5.6%
Q Qnity Electronics Inc. 0.01% 11,774 $961K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.01% 21,872 $934K New
DD Dupont DE Nemours Inc. 0.01% 23,183 $932K Reduce -1.6%
MCHI iShares MSCI China ETF 0.01% 15,098 $907K Reduce -51.7%
WPC WP Carey Inc. 0.01% 13,847 $891K No change
CUZ Cousins Properties Inc. 0.01% 32,647 $842K No change
CAG Conagra Brands Inc. 0.01% 47,463 $822K Reduce -29.2%
AVNT Avient Corp. 0.01% 26,039 $813K Add +74.4%
VLTO Veralto Corp. 0.01% 7,736 $772K Add +13.7%
XYL Xylem Inc. 0.01% 5,651 $770K Add +10.8%
MHO M/I Homes Inc. 0.01% 5,955 $762K Add +38.5%
VAC Marriott Vacations World 0.01% 13,087 $755K Reduce -7.1%
LDI Loandepot Inc. Class A 0.01% 363,333 $752K Reduce -0.4%
WSBC Wesbanco Inc. 0.01% 22,406 $745K No change
KO The Coca-Cola Co. 0.01% 10,429 $729K No change
PEG Public Service Enterprise GP 0.01% 8,948 $719K Reduce -0.6%
AXICY Axia Energia-ADR Pref C filed as CENTRAIS ELET BRAS SA 0.01% 82,991 $715K New
ABCB Ameris Bancorp 0.01% 9,441 $701K Reduce -30.7%
PNR Pentair PLC 0.01% 6,571 $684K Add +10.0%
SWIM Latham Group Inc. 0.01% 104,299 $662K Add +10.4%
CNM Core & Main Inc. Class A 0.01% 12,559 $653K Reduce -10.4%
FIBK First Interstate Bancsys-A 0.01% 18,714 $648K No change
KWR Quaker Chemical Corporation 0.01% 4,634 $636K Add +54.2%
SSB Southstate Bank Corp. 0.01% 6,579 $619K Reduce -4.0%
WTTR Select Water Solutions Inc. 0.01% 58,824 $619K Add +8.6%
REET iShares Global REIT ETF 0.01% 23,559 $588K New
AWK American Water Works Co. Inc. 0.01% 4,497 $587K Reduce -28.5%
WMS Advanced Drainage Systems Inc. 0.01% 4,002 $580K Add +10.8%
AWR American States Water Co. filed as AMER STATES WTR CO 0.01% 7,943 $576K Reduce -1.6%
SFNC Simmons First Natl Corp. Class A 0.01% 30,325 $572K Add +7.4%
MBC Masterbrand Inc. 0.01% 49,523 $547K No change
VMI Valmont Industries 0.01% 1,288 $518K Add +10.3%
CAT Caterpillar Inc. 0.01% 869 $498K No change
POR Portland General Electric Co. 0.01% 10,236 $491K Reduce -30.2%
GRTUF Granite Real Estate Investme 0.01% 8,190 $489K No change
TTEK Tetra Tech Inc. 0.01% 14,433 $484K Reduce -35.7%
PPH Vaneck Pharmaceutical ETF 0.01% 4,620 $477K New
WOOD iShares Global Timber & Fore 0.01% 6,560 $472K New
CTRA Coterra Energy Inc. 0.01% 17,899 $471K Reduce -25.7%
HIW Highwoods Properties Inc. 0.01% 17,779 $459K No change
POOL Pool Corp. 0.01% 2,001 $458K New
ABBV Abbvie Inc. 0.01% 1,997 $456K Add +60.1%
CWCO Consolidated Water Co.-Ord SH 0.00% 12,539 $443K Add +8.3%
LIN Linde PLC 0.00% 976 $416K No change
KMB Kimberly-Clark Corp. 0.00% 4,094 $413K Reduce -40.4%
VNOM Viper Energy Inc. Class A 0.00% 9,977 $385K Reduce -25.4%
CVS CVS Health Corp. 0.00% 4,745 $377K Reduce -26.5%
PLD Prologis Inc. 0.00% 2,920 $373K No change
CP Canadian Pacific Kansas City 0.00% 4,904 $361K No change
EFSC Enterprise Financial Service 0.00% 6,681 $361K No change
HTO H2O America 0.00% 7,342 $360K Reduce -37.7%
YORW York Water Co. filed as YORK WTR CO 0.00% 10,868 $346K Add +3.8%
WY Weyerhaeuser Co. 0.00% 14,397 $341K No change
HP Helmerich & Payne 0.00% 11,846 $340K No change
D Dominion Energy Inc. 0.00% 5,600 $328K Reduce -3.5%
AOS Smith (a.o.) Corp. 0.00% 4,875 $326K Add +25.9%
MBUU Malibu Boats Inc. Class A 0.00% 11,281 $318K No change
STN Stantec Inc. 0.00% 3,292 $311K Add +13.4%
CWT California Water Service Grp 0.00% 7,125 $309K Reduce -42.9%
XLK SS Technology Select Sector 0.00% 2,134 $307K New
VWO Vanguard Ftse Emerging Marke 0.00% 5,575 $300K No change
NMRK Newmark Group Inc. Class A 0.00% 17,208 $298K No change
MICC The Magnum Ice Cream Co. NV 0.00% 18,727 $297K Reduce -96.2%
ARTNA Artesian Resources Corp. Class A 0.00% 8,165 $258K Add +3.5%
RY Royal Bank of Canada 0.00% 1,505 $257K No change
JBSS John B. Sanfilippo & Son Inc. filed as SANFILIPPO JOHN B & SON INC 0.00% 3,624 $256K New
PFSI Pennymac Financial Services 0.00% 1,937 $255K Reduce -32.9%
MSEX Middlesex Water Co. 0.00% 5,053 $255K Add +7.6%
ECL Ecolab Inc. 0.00% 956 $251K Add +9.6%
VREX Varex Imaging Corp. 0.00% 21,467 $250K Add +83.6%
PCH Potlatchdeltic Corp. 0.00% 5,926 $236K No change
MAS Masco Corp. 0.00% 3,547 $225K Reduce -32.8%
SOLS Solstice Adv Materials Inc. 0.00% 4,516 $219K No change
KT KT Corp.-SP ADR 0.00% 11,530 $219K Reduce -75.1%
BX Blackstone Inc. 0.00% 1,402 $216K No change
NSC Norfolk Southern Corp. 0.00% 747 $216K Reduce -99.4%
CIVI Civitas Resources Inc. 0.00% 7,956 $216K Reduce -7.5%
ADC Agree Realty Corp. 0.00% 2,950 $212K No change
CRI Carter's Inc. 0.00% 6,514 $211K New
EPRT Essential Properties Realty 0.00% 7,120 $211K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.00% 309 $211K No change
GWRS Global Water Resources Inc. 0.00% 24,218 $205K Reduce -39.9%
LNN Lindsay Corp. 0.00% 1,720 $203K Add +0.9%
HUN Huntsman Corp. 0.00% 20,231 $202K Add +49.4%
KVUE Kenvue Inc. 0.00% 10,213 $176K Reduce -99.6%
UA Under Armour Inc. Class C 0.00% 24,403 $117K No change

Portfolio Sells Q3 2025 → Q4 2025

DEO Diageo PLC-Sponsored ADR Reduce -50.3% 0.61% −0.75
DOC Healthpeak Properties Inc. Reduce -9.6% 1.62% −0.52
JPM JPMorgan Chase & Co. Reduce -16.4% 2.96% −0.51
VICI Vici Properties Inc. Reduce -10.1% 1.75% −0.51
CMCSA Comcast Corp. Class A Reduce -22.2% 1.36% −0.48
KVUE Kenvue Inc. Reduce -99.6% 0.00% −0.43
NSC Norfolk Southern Corp. Reduce -99.4% 0.00% −0.40
DOW Dow Inc. Reduce -39.9% 0.58% −0.37
MO Altria Group Inc. Reduce -5.8% 1.47% −0.32
DUK Duke Energy Corp. Reduce -5.6% 2.44% −0.29
GPC Genuine Parts Co. Reduce -1.6% 1.79% −0.27
T AT&T Inc. Reduce -1.8% 1.55% −0.25
EOG EOG Resources Inc. Reduce -21.5% 0.52% −0.19
VZ Verizon Communications Inc. Reduce -18.0% 0.56% −0.18
RTX RTX Corp. Reduce -15.0% 2.38% −0.18
MDT Medtronic PLC Reduce -6.6% 2.62% −0.17
PPL PPL Corp. Reduce -17.1% 0.58% −0.16
CCI Crown Castle Inc. Reduce -5.8% 1.03% −0.16
AVGO Broadcom Inc. Reduce -11.4% 2.01% −0.16
BCE Bce Inc. Reduce -10.9% 1.48% −0.15
SW Smurfit Westrock PLC Reduce -19.9% 0.39% −0.15
GD General Dynamics Corp. Reduce -3.6% 2.56% −0.13
XOM Exxon Mobil Corp. Reduce -11.4% 2.23% −0.13
MSFT Microsoft Corp. Reduce -3.6% 1.07% −0.12
SYY Sysco Corp. Reduce -9.7% 0.50% −0.12
LOW Lowe's Cos Inc. Reduce -2.3% 1.60% −0.11
UPS United Parcel Service Class B Reduce -22.5% 1.17% −0.10
OMC Omnicom Group Reduce -8.7% 0.95% −0.10
MICC The Magnum Ice Cream Co. NV Reduce -96.2% 0.00% −0.08
LAUR Laureate Education Inc. Reduce -54.3% 0.07% −0.07
CVX Chevron Corp. Reduce -2.6% 1.45% −0.07
COP Conocophillips Reduce -2.1% 1.96% −0.07
EWZ iShares MSCI Brazil ETF Sold out 0.00% −0.07
PFE Pfizer Inc. Reduce -7.1% 0.57% −0.06
CPA Copa Holdings SA Class A Reduce -21.9% 0.22% −0.06
UL Unilever PLC-Sponsored ADR Reduce -1.3% 1.56% −0.05
TGT Target Corp. Reduce -12.3% 0.99% −0.05
PM Philip Morris International Reduce -0.6% 2.09% −0.04
PPG PPG Industries Inc. Reduce -4.8% 0.43% −0.03
CCEP Coca-Cola Europacific Partne Reduce -5.6% 0.49% −0.03
IBM Intl Business Machines Corp. Reduce -9.6% 0.50% −0.03
EEM iShares MSCI Emerging Market Reduce -18.4% 0.11% −0.02
BABA Alibaba Group Holding-SP ADR Reduce -7.0% 0.07% −0.02
ORCL Oracle Corp. Reduce -0.6% 0.05% −0.02
EWM iShares MSCI Malaysia ETF Sold out 0.00% −0.02
MCHI iShares MSCI China ETF Reduce -51.7% 0.01% −0.01
IWM iShares Russell 2000 ETF Sold out 0.00% −0.01
DD Dupont DE Nemours Inc. Reduce -1.6% 0.01% −0.01
GOOGL Alphabet Inc. Class A Reduce -45.5% 0.02% −0.01
SNY Sanofi-ADR Reduce -6.2% 0.19% −0.01

Portfolio Buys Q3 2025 → Q4 2025

XLC SS Comm Select Sector SPDR Add +2941.6% 0.63% +0.61
FHN First Horizon Corp. Add +3401.0% 0.53% +0.52
AIG American International Group New 0.46% +0.46
QCOM Qualcomm Inc. Add +29.7% 1.61% +0.40
XLI SS Industrial Select Sector Add +3121.1% 0.40% +0.39
XLP SS Consumer Staples Sel Sect Add +6016.5% 0.39% +0.38
UNP Union Pacific Corp. Add +1612.7% 0.39% +0.37
XLRE SS Real Estate Select Sector Add +11070.4% 0.36% +0.36
XLB SS Materials Select Sector Add +7414.6% 0.31% +0.31
UNH Unitedhealth Group Inc. Add +40.6% 1.20% +0.31
NVO Novo-Nordisk A/S-Spons ADR New 0.30% +0.30
NVS Novartis AG-Sponsored ADR Add +0.5% 3.13% +0.23
RIO Rio Tinto PLC-Spon ADR Add +72.2% 0.44% +0.23
PNC PNC Financial Services Group Add +29.0% 0.59% +0.15
XLV SS Health Care Select Sector Add +994.9% 0.16% +0.15
TM Toyota Motor Corp. -Spon ADR Add +19.9% 0.55% +0.14
XLE SS Energy Select Sector New 0.10% +0.10
EWY iShares MSCI South Korea ETF Add +20.9% 0.29% +0.09
PBR Petroleo Brasileiro-Spon ADR Add +44.1% 0.29% +0.08
IWD iShares Russell 1000 Value E Add +1791.2% 0.07% +0.07
NGG National Grid PLC-SP ADR Add +4.2% 0.64% +0.06
TIGO Millicom Intl Cellular S.A. Add +2.1% 0.40% +0.06
ACWX iShares MSCI Acwi Ex US ETF Add +55.6% 0.14% +0.05
BTI British American Tob-SP ADR Add +0.0% 0.83% +0.05
XLF SS Financial Select Sector New 0.04% +0.04
XLY SS Consumer Disc Select Sect Add +875.4% 0.04% +0.03
AXIAY Axia Energia-ADR New 0.03% +0.03
DVY iShares Select Dividend ETF New 0.03% +0.03
CGW Invesco S&P Global Water Ind New 0.02% +0.02
TTE Totalenergies SE Add +4.5% 0.14% +0.02
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.01% +0.01
AXICY Axia Energia-ADR Pref C New 0.01% +0.01
REET iShares Global REIT ETF New 0.01% +0.01
ADBE Adobe Inc. Add +45.5% 0.02% +0.01
WOOD iShares Global Timber & Fore New 0.01% +0.01
PPH Vaneck Pharmaceutical ETF New 0.01% +0.01
POOL Pool Corp. New 0.01% +0.01
AVNT Avient Corp. Add +74.4% 0.01% +0.00
XLK SS Technology Select Sector New 0.00% +0.00
ST Sensata Technologies Holdplc Add +27.1% 0.01% +0.00
JBSS John B. Sanfilippo & Son Inc. New 0.00% +0.00
KWR Quaker Chemical Corporation Add +54.2% 0.01% +0.00
CRI Carter's Inc. New 0.00% +0.00
SBS Cia Saneamento Basico DE-ADR Add +33.5% 0.01% +0.00
CNI Canadian Natl Railway Co. Add +7.1% 0.02% +0.00
ABBV Abbvie Inc. Add +60.1% 0.01% +0.00
INDA iShares MSCI India ETF Add +4.3% 0.02% +0.00
MHO M/I Homes Inc. Add +38.5% 0.01% +0.00
VREX Varex Imaging Corp. Add +83.6% 0.00% +0.00
HUN Huntsman Corp. Add +49.4% 0.00% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 208$10.2BNVS, CSCO, MS, JNJ, C
Q1 2026 213$9.8BNVS, CSCO, JNJ, XOM, BAC
Q4 2025 225$9.2BCSCO, NVS, BAC, JPM, C
Q3 2025 217$9.1BJPM, BAC, CSCO, NVS, MDT
Q2 2025 198$8.8BJPM, CSCO, BAC, NVS, DUK
Q1 2025 205$8.7BJPM, RTX, DUK, CSCO, MDT
Q4 2024 208$8.6BJPM, CSCO, BAC, PM, JCI
Q3 2024 206$9.2BJPM, PM, NVS, RTX, MS
Q2 2024 209$8.7BJPM, NVS, MS, BAC, XOM
Q1 2024 197$9.0BJPM, NVS, MS, XOM, BAC