Cullen/Frost BankersCFR

13F holders, Q4 2024 (December 31)
458holders +19
48new positions
43sold out
3famous investors
$134.24avg. 13F price*

At the end of Q4 2024, 458 institutions reported holding Cullen/Frost Bankers Inc. (CFR) in their 13F filings, up 19 from Q3 2024. 48 opened new positions and 43 sold out. The largest holders were Vanguard Group Inc. ($855.9M), BlackRock, Inc. ($826.8M) and Aristotle Capital Management, LLC ($777.9M). 3 famous investors held it, including Cliff Asness (0.0% of AQR Capital Management's portfolio), Israel Englander (0.0% of Millennium Management's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).

Company
Cullen/Frost Bankers Inc.
CUSIP
229899109
Latest filing quarter
Q2 2026

History

Number of 13F holders

0200400600 Q1 2024: 410Q1 2024Q2 2024: 398Q2 2024Q3 2024: 439Q3 2024Q4 2024: 458Q4 2024Q1 2025: 482Q1 2025Q2 2025: 482Q2 2025Q3 2025: 480Q3 2025Q4 2025: 529Q4 2025Q1 2026: 543Q1 2026Q2 2026: 572Q2 2026

Total Exit/New Position Q3 2024 → Q4 2024

InstitutionsTotal Value
New Positions48$106.3M
Exits43$42.7M

All 13F filers, Q3 2024 → Q4 2024: 2,626,210 shares bought and 3,512,519 shares sold, net −886,309 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 458 holders

Vanguard Group Inc. 0.01% Add +1.1% 6,375,303 $855.9M
BlackRock, Inc. 0.02% Add +2.9% 6,158,931 $826.8M
Aristotle Capital Management, LLC 1.50% Reduce -1.4% 5,794,069 $777.9M
State Street Corp. 0.02% Add +8.1% 3,749,711 $503.4M
Champlain Investment Partners, LLC 2.27% Reduce -21.8% 2,670,290 $358.5M
Neuberger Berman Group LLC 0.17% Add +9.0% 1,564,109 $210.0M
FMR LLC 0.01% Reduce -3.1% 1,559,748 $209.4M
King Luther Capital Management Corp. 0.91% Add +0.1% 1,556,133 $208.9M
Geode Capital Management, LLC 0.01% Add +0.0% 1,098,087 $147.5M
Bank of America Corp. 0.01% Reduce -3.9% 1,074,651 $144.3M
Boston Trust Walden Corp 0.99% Add +9.8% 1,052,290 $141.3M
Dimensional Fund Advisors LP 0.03% Add +0.6% 1,026,585 $137.8M
Northern Trust Corp. 0.02% Add +33.7% 973,576 $130.7M
Montrusco Bolton Investments Inc. 1.38% Reduce -29.8% 848,892 $114.0M
JPMorgan Chase & Co. 0.01% Add +1.1% 834,015 $112.0M
Principal Financial Group Inc. 0.06% Add +2.0% 822,432 $110.4M
Janus Henderson Group PLC 0.05% Reduce -7.1% 721,898 $96.9M
Bank of New York Mellon Corp 0.02% Add +2.4% 611,722 $82.1M
Vaughan Nelson Investment Management, L.P. 0.74% Add +23.6% 596,617 $80.1M
Manufacturers Life Insurance Company, The 0.07% Add +4.7% 595,683 $80.0M
Charles Schwab Investment Management Inc. 0.01% Add +0.2% 555,144 $74.5M
Morgan Stanley 0.00% Reduce -28.4% 524,697 $70.4M
Norges Bank 0.01% Add +38.1% 518,370 $69.6M
Sei Investments Co. 0.09% Reduce -3.8% 513,433 $68.9M
Westwood Holdings Group Inc. 0.47% Reduce -10.2% 447,367 $60.1M
Royal Bank of Canada 0.01% Add +6.5% 406,239 $54.5M
Jacobs Levy Equity Management, Inc. 0.19% Reduce -11.1% 399,953 $53.7M
Barclays PLC 0.03% Reduce -12.9% 380,040 $51.0M
Goldman Sachs Group Inc. 0.01% Reduce -8.7% 374,704 $50.3M
Bartlett & Co. Wealth Management LLC 0.71% Add +0.6% 366,591 $49.2M
Deprince Race & Zollo Inc. 0.93% Reduce -19.8% 348,310 $46.8M
GW&K Investment Management, LLC 0.40% New 347,838 $46.7M
Madison Asset Management, LLC 0.52% Add +9.3% 344,307 $46.2M
Madison Investment Advisors, LLC 0.52% — 344,307 $46.2M
Polaris Capital Management, LLC 1.99% Reduce -3.3% 307,800 $41.3M
Invesco Ltd. 0.01% Reduce -16.4% 285,770 $38.4M
Palisade Capital Management, LP 1.13% Add +1.5% 278,388 $37.4M
Natixis Advisors, LLC 0.07% Add +23.6% 276,550 $37.1M
Alberta Investment Management Corp 0.26% No change 275,000 $36.9M
Envestnet Asset Management Inc. 0.01% Add +23.1% 267,670 $35.9M
ProShare Advisors LLC 0.08% Reduce -6.5% 263,761 $35.4M
Citigroup Inc. 0.03% Reduce -0.8% 259,698 $34.9M
TCTC Holdings, LLC 1.05% No change 218,320 $29.3M
Wellington Management Group LLP 0.00% Reduce -18.8% 192,649 $25.9M
UBS Group AG 0.01% Add +59.2% 173,398 $23.3M
Rhumbline Advisers 0.02% Reduce 0.0% 168,149 $22.6M
Sprucegrove Investment Management Ltd. 1.57% Reduce -12.2% 163,777 $22.0M
Retirement Systems of Alabama 0.08% Add +0.1% 162,778 $21.9M
New York State Common Retirement Fund 0.03% Reduce -1.4% 160,098 $21.5M
Raymond James Financial Inc. 0.01% — 157,774 $21.2M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +11.8% 151,837 $20.4M
AQR Capital Management 0.03% Reduce -32.2% 151,176 $20.3M
Public Employees Retirement Association of Colorado 0.08% No change 151,086 $20.3M
Wells Fargo & Company 0.00% Reduce -2.9% 150,763 $20.2M
First Trust Advisors LP 0.02% Add +28.9% 143,614 $19.3M
Lido Advisors, LLC 0.12% Add +9.1% 136,153 $18.3M
Russell Investments Group, Ltd. 0.03% Reduce -19.0% 134,652 $18.1M
Swiss National Bank 0.01% Add +0.3% 119,600 $16.1M
Ceredex Value Advisors LLC 0.32% Reduce -5.3% 117,832 $15.8M
M&T Bank Corp 0.05% Reduce -3.5% 116,804 $15.7M
Impax Asset Management Group plc 0.07% New 115,000 $15.4M
Voloridge Investment Management, LLC 0.05% Reduce -35.5% 110,707 $14.9M
First National Bank of Omaha 0.92% Reduce -1.0% 104,908 $14.1M
California Public Employees Retirement System 0.01% Reduce -4.8% 102,825 $13.8M
Nuveen Asset Management, LLC 0.00% Reduce -2.5% 102,511 $13.8M
Ameriprise Financial Inc. 0.00% Reduce -7.1% 99,276 $13.3M
Legal & General Group Plc 0.00% Reduce -0.7% 95,522 $12.8M
Rafferty Asset Management, LLC 0.04% Reduce -8.2% 91,870 $12.3M
Weiss Asset Management LP 0.38% New 91,092 $12.2M
Lathrop Investment Management Co. 2.13% Add +0.0% 83,276 $11.2M
Alliancebernstein L.P. 0.00% Reduce -7.2% 80,474 $10.8M
New York State Teachers Retirement System 0.02% Reduce -1.7% 79,732 $10.7M
Mairs & Power Inc. 0.10% Reduce -0.5% 73,401 $9.9M
Corebridge Financial, Inc. 0.05% Reduce -4.2% 72,531 $9.7M
American Century Companies Inc. 0.01% Add +2.5% 71,366 $9.6M
Millennium Management 0.01% Reduce -69.1% 68,818 $9.2M
LPL Financial LLC 0.00% Reduce -16.1% 66,833 $9.0M
Whittier Trust Co. 0.11% Add +4.8% 62,649 $8.4M
Commonwealth Equity Services, LLC 0.01% Add +2.0% 62,413 $8.4M
Balyasny Asset Management L.P. 0.02% New 57,895 $7.8M
California State Teachers Retirement System 0.01% Reduce -1.5% 56,756 $7.6M
WealthPlan Investment Management, LLC 0.75% Add +3.2% 56,489 $7.6M
STRS Ohio 0.03% No change 54,500 $7.3M
Argent Trust Co 0.29% No change 53,562 $7.2M
Lawson Kroeker Investment Management Inc. 1.35% Reduce -1.6% 53,463 $7.2M
CANADA LIFE ASSURANCE Co 0.01% No change 53,142 $7.1M
Verition Fund Management LLC 0.04% New 53,046 $7.1M
Stifel Financial Corp. 0.01% Add +6.3% 52,607 $7.1M
Rowlandmiller & Partners.adv 1.48% Reduce -0.1% 52,589 $7.1M
Greenfield Seitz Capital Management, LLC 2.66% Add +33.0% 52,120 $7.0M
WCM Investment Management, LLC 0.02% Add +145.8% 49,356 $6.6M
South Dakota Investment Council 0.13% Reduce -23.0% 49,029 $6.6M
Hilton Capital Management, LLC 0.55% Reduce -7.0% 47,152 $6.3M
First Merchants Corp. 0.23% Add +0.0% 44,622 $6.0M
T. Rowe Price Associates Inc. 0.00% Add +3.1% 44,060 $5.9M
Bessemer Group Inc. 0.01% Reduce -6.8% 42,115 $5.7M
Cullen/Frost Bankers, Inc. 0.08% Reduce -6.2% 41,704 $5.6M
Cerity Partners LLC 0.01% Reduce -0.1% 46,648 $5.4M
Fifth Third Bancorp 0.02% Reduce -0.3% 40,023 $5.4M
Kempner Capital Management Inc. 2.94% Reduce -17.1% 39,896 $5.4M
Squarepoint Ops LLC 0.01% Reduce -62.6% 39,650 $5.3M
Oak Harvest Investment Services 0.74% Add +6.5% 39,468 $5.3M
Citadel Advisors 0.00% Reduce -49.7% 37,647 $5.1M
Abn Amro Investment Solutions 0.09% Reduce -19.3% 37,600 $5.0M
MetLife Investment Management, LLC 0.03% Add +9.3% 36,058 $4.8M
WealthPLAN Partners, LLC 0.69% Reduce -7.9% 35,977 $4.8M
Glass Wealth Management Co LLC 2.58% Add +0.5% 35,394 $4.8M
Mutual of America Capital Management LLC 0.05% Reduce -2.1% 33,876 $4.5M
State Board of Administration of Florida Retirement System 0.01% Reduce -0.2% 33,488 $4.5M
Nisa Investment Advisors, LLC 0.02% Reduce -6.2% 33,390 $4.5M
Whittier Trust Co. of Nevada Inc. 0.11% Add +5.4% 33,100 $4.4M
Truist Financial Corp. 0.01% Add +122.1% 32,842 $4.4M
Amalgamated Bank 0.03% No change 30,234 $4.1M
Ameritas Investment Partners, Inc. 0.13% Reduce -0.8% 30,107 $4.0M
Callahan Advisors, LLC 0.35% Reduce -6.0% 27,966 $3.8M
PNC Financial Services Group, Inc. 0.00% Add +0.2% 27,963 $3.8M
Watchman Group, Inc. 0.98% Reduce -1.8% 27,848 $3.7M
Thrivent Financial for Lutherans 0.01% Reduce -12.8% 27,551 $3.7M
Brandywine Global Investment Management, LLC 0.03% Reduce -6.8% 27,374 $3.7M
Comerica Bank 0.01% Reduce -3.7% 26,668 $3.6M
State of Tennessee, Department of Treasury 0.01% Reduce -14.8% 26,334 $3.5M
Treasurer of the State of North Carolina 0.01% Add +0.7% 25,863 $3.5M
Sanctuary Advisors, LLC 0.02% Add +0.2% 24,226 $3.4M
Gabelli Funds LLC 0.02% No change 23,200 $3.1M
Yousif Capital Management, LLC 0.03% Reduce -4.0% 22,471 $3.0M
Bank of Montreal 0.00% Reduce -83.4% 22,165 $3.0M
Martin Capital Partners, LLC 3.43% Reduce -59.4% 21,516 $2.9M
Susquehanna International Group, LLP 0.00% Reduce -29.0% 21,243 $2.9M
Police & Firemen's Retirement System of New Jersey 0.03% — 21,155 $2.8M
First National Advisers, LLC 0.46% Reduce -14.7% 21,008 $2.8M
Public Employees Retirement System of Ohio 0.01% Reduce -19.0% 20,865 $2.8M
Atria Investments, Inc 0.03% Add +18.5% 20,224 $2.7M
Deutsche Bank AG 0.00% Add +418.9% 19,531 $2.6M
Pathstone Holdings, LLC 0.01% Add +0.8% 19,419 $2.6M
Teachers Retirement System of the State of Kentucky 0.02% Reduce -4.9% 19,374 $2.6M
State of New Jersey Common Pension Fund D 0.01% No change 18,641 $2.5M
Oddo BHF Asset Management Sas 0.13% Add +2.3% 18,632 $2.5M
Freestone Grove Partners LP 0.03% — 18,595 $2.5M
Tidal Investments LLC 0.02% Reduce -0.8% 18,531 $2.5M
Diversified Trust Co. 0.06% Reduce -16.5% 18,439 $2.5M
Captrust Financial Advisors 0.01% Add +4.7% 18,341 $2.5M
Ensign Peak Advisors, Inc 0.00% No change 18,106 $2.4M
Louisiana State Employees Retirement System 0.04% Add +0.6% 17,800 $2.4M
Arizona State Retirement System 0.01% Add +0.4% 17,651 $2.4M
Janney Montgomery Scott LLC 0.01% Add +3.0% 17,056 $2.3M
VELA Investment Management, LLC 0.78% Reduce -0.3% 17,011 $2.3M
Cardinal Capital Management 0.36% Add +3.1% 16,892 $2.3M
Handelsbanken Fonder AB 0.01% Reduce -4.3% 15,616 $2.1M
Jump Financial, LLC 0.05% Add +163.4% 15,564 $2.1M
Danske Bank A/S 0.01% Reduce -6.4% 15,247 $2.0M
State of Michigan Retirement System 0.01% No change 15,164 $2.0M
Wealth Enhancement Advisory Services, LLC 0.00% Add +205.0% 14,844 $2.0M
First American Bank 0.14% No change 14,824 $2.0M
Corient Private Wealth LP 0.00% Add +36.0% 14,729 $2.0M
Orion Porfolio Solutions, LLC 0.02% Add +118.0% 14,316 $1.9M
Orion Portfolio Solutions, LLC 0.02% Add +118.0% 14,316 $1.9M
Northwestern Mutual Investment Management Company, LLC 0.04% Add +0.4% 14,254 $1.9M
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.01% Add +0.4% 14,164 $1.9M
HRT Financial LP 0.01% Reduce -72.7% 13,997 $1.9M
Neville Rodie & Shaw Inc. 0.14% No change 13,974 $1.9M
Teacher Retirement System of Texas 0.01% Add +44.2% 13,196 $1.8M
New Mexico Educational Retirement Board 0.06% No change 13,100 $1.8M
Oregon Public Employees Retirement Fund 0.03% Add +0.8% 13,088 $1.8M
HighTower Advisors, LLC 0.00% Add +8.3% 13,083 $1.8M
Riverwater Partners LLC 0.84% Add +62.4% 12,906 $1.7M
Commerce Bank 0.01% Add +0.9% 12,536 $1.7M
KLP Kapitalforvaltning As 0.01% — 12,300 $1.7M
Allianz Asset Management GmbH 0.00% Add +31.5% 12,291 $1.7M
Oppenheimer & Co. Inc. 0.02% Add +30.7% 12,019 $1.6M
Quantinno Capital Management LP 0.02% Add +112.3% 11,907 $1.6M
Mariner, LLC 0.00% Add +35.8% 11,888 $1.6M
Victory Capital Management Inc. 0.00% Reduce -1.5% 11,600 $1.6M
Edgestream Partners, L.P. 0.06% New 11,323 $1.5M
Creative Planning 0.00% Add +38.1% 11,032 $1.5M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% No change 10,924 $1.5M
National Bank of Canada 0.00% Reduce -23.8% 10,807 $1.5M
Teza Capital Management LLC 0.21% New 10,281 $1.4M
Franklin Resources Inc. 0.00% Add +33.5% 10,020 $1.3M
First Manhattan Co. Llc. 0.00% No change 9,874 $1.3M
Anchor Investment Management, LLC 0.12% No change 9,800 $1.3M
Utah Retirement Systems 0.01% No change 9,796 $1.3M
Two Sigma Investments, LP 0.00% Reduce -90.3% 9,629 $1.3M
Tower Research Capital LLC (TRC) 0.03% Add +301.2% 9,540 $1.3M
XTX Topco Ltd 0.11% New 9,487 $1.3M
Pacer Advisors, Inc. 0.00% Reduce -0.3% 9,340 $1.3M
Bryn Mawr Trust Advisors, LLC 0.07% No change 9,327 $1.3M
BNP Paribas Financial Markets 0.00% Reduce -61.0% 9,297 $1.2M
Eight 31 Financial, LLC 0.94% No change 9,250 $1.2M
1900 Wealth Management LLC 0.10% Reduce -0.8% 9,184 $1.2M
Centennial Bank 0.58% No change 9,100 $1.2M
Pictet Asset Management Holding SA 0.00% Add +14.5% 8,905 $1.2M
Legacy Financial Advisors, Inc. 0.19% Reduce -3.8% 8,569 $1.2M
Tributary Capital Management, LLC 0.09% Add +45.1% 8,515 $1.1M
Nomura Holdings Inc. 0.01% New 8,510 $1.1M
17 Capital Partners, LLC 0.68% No change 8,023 $1.1M
&partners 0.01% Add +82.9% 7,974 $1.1M
Inspire Investing, LLC 0.12% Reduce -1.0% 7,772 $1.0M
Hancock Whitney Corp. 0.03% Add +10.2% 7,723 $1.0M
Roehl & Yi Investment Advisors, LLC 0.57% — 7,679 $1.0M
New Age Alpha Advisors, LLC 0.04% New 7,549 $1.0M
Oppenheimer Asset Management Inc. 0.01% New 7,548 $1.0M
State of Alaska, Department of Revenue 0.01% Reduce -1.9% 7,314 $981K
Voya Investment Management LLC 0.00% Reduce -6.7% 7,143 $959K
Xponance LLC 0.01% Add +6.0% 7,094 $952K
Twin Tree Management, LP 0.02% New 7,085 $951K
Choreo, LLC 0.01% Add +192.8% 7,026 $946K
Sigma Planning Corp 0.03% Add +0.7% 7,027 $943K
Coldstream Capital Management Inc. 0.02% Add +6.2% 7,018 $942K
Cetera Investment Advisers 0.00% Add +16.8% 6,846 $919K
Venturi Wealth Management, LLC 0.04% Add +12.7% 6,753 $907K
Alpha DNA Investment Management LLC 0.49% Add +6.6% 6,738 $905K
Campbell & CO Investment Adviser LLC 0.07% Add +0.1% 6,520 $875K
Fuller & Thaler Asset Management, Inc. 0.00% Reduce -95.9% 6,495 $872K
Vanguard Personalized Indexing Management, LLC 0.01% Add +2.1% 6,464 $868K
Federated Hermes, Inc. 0.00% Add +23.0% 6,462 $868K
Townsquare Capital LLC 0.01% Reduce -0.1% 6,436 $864K
Northwestern Mutual Wealth Management Co. 0.00% Add +1.0% 6,408 $860K
M.E. Allison & Co., Inc. 0.93% — 6,319 $848K
Glenmede Trust Co. NA 0.00% Add +29.4% 6,146 $825K
CW Advisors, LLC 0.01% Add +9.9% 6,083 $817K
MMBG Investment Advisors Co. 0.09% No change 6,070 $815K
CIBC Private Wealth Group LLC 0.00% Add +4.1% 5,797 $787K
Great Lakes Advisors, LLC 0.01% Reduce -1.8% 5,756 $773K
State of Wisconsin Investment Board 0.00% Add +11.7% 5,747 $772K
Jackson Square Capital, LLC 0.18% Add +47.9% 5,647 $758K
Groesbeck Investment Management Corp. 0.97% Reduce -23.6% 5,572 $748K
Stephens Inc. 0.01% No change 5,431 $729K
Jones Financial Companies LLLP 0.00% Add +58.8% 5,344 $717K
Hodges Capital Management Inc. 0.04% Reduce -8.5% 5,343 $717K
J.W. Cole Advisors, Inc. 0.03% No change 5,329 $715K
Titleist Asset Management, LLC 0.08% Add +22.6% 5,282 $709K
Bradley Foster & Sargent Inc. 0.01% Add +3.9% 5,250 $705K
Keene & Associates, Inc. 0.56% Reduce -0.1% 5,232 $702K
Brevan Howard Capital Management LP 0.02% Add +81.3% 5,128 $688K
Prime Capital Investment Advisors, LLC 0.01% Add +0.1% 5,041 $677K
Baird Financial Group, Inc. 0.00% Add +0.4% 4,996 $671K
KBC Group NV 0.00% Add +17.2% 4,987 $670K
Mitsubishi UFJ Trust & Banking Corp 0.00% Reduce -45.1% 4,971 $667K
Washington Capital Management, Inc. 0.52% No change 4,900 $658K
Pallas Capital Advisors LLC 0.03% Reduce -1.0% 4,897 $657K
Fayez Sarofim & Co 0.00% Reduce -0.6% 4,892 $657K
Fulton Bank, N.A. 0.03% Add +0.4% 4,886 $656K
Securian Asset Management, Inc. 0.02% Reduce -2.6% 4,848 $651K
Cannell & Spears LLC 0.01% No change 4,840 $650K
Two Sigma Advisers, LP 0.00% Reduce -64.7% 4,800 $644K
Wolverine Trading, LLC 0.01% Add +22.6% 4,750 $640K
Impact Partnership Wealth, LLC 0.13% New 4,652 $625K
Brown Advisory Inc. 0.00% New 4,650 $624K
Hilltop Holdings Inc. 0.04% Reduce -32.7% 4,584 $615K
Prudential Financial Inc. 0.00% Reduce -3.0% 4,537 $609K
Moody National Bank Trust Division 0.06% Reduce -8.5% 4,496 $604K
Mercer Global Advisors Inc. 0.00% Add +77.9% 4,488 $603K
Savant Capital, LLC 0.00% Reduce -11.9% 4,487 $602K
Sovran Advisors, LLC 0.08% — 4,200 $583K
US Bancorp \de 0.00% Add +15.1% 4,339 $583K
Trust Point Inc. 0.04% New 4,287 $576K
Davis R M Inc. 0.01% Reduce -50.1% 4,212 $565K
Profund Advisors LLC 0.02% Add +17.7% 4,117 $553K
Envestnet Portfolio Solutions, Inc. 0.00% Add +42.6% 4,090 $549K
MML Investors Services, LLC 0.00% Add +51.0% 4,043 $543K
First Dallas Securities Inc. 0.22% Add +2.5% 4,028 $541K
Versor Investments LP 0.09% New 4,000 $537K
Ethic Inc. 0.01% Reduce -12.6% 3,973 $533K
Walleye Capital LLC 0.01% Reduce -81.8% 3,896 $523K
Cwm, LLC 0.00% Add +15.1% 3,893 $523K
Probity Advisors, Inc. 0.10% Reduce -12.5% 3,855 $518K
Beacon Financial Group 0.06% New 3,843 $516K
Benjamin Edwards Inc. 0.01% Reduce -17.0% 3,834 $515K
Tanglewood Legacy Advisors, LLC 0.22% No change 3,802 $510K
Crossmark Global Holdings, Inc. 0.01% Reduce -27.4% 3,697 $496K
Aspen Wealth Management LLC 0.15% Add +0.7% 3,693 $496K
Symphony Financial, Ltd. Co. 0.08% Add +0.0% 3,436 $490K
LCNB Corp. 0.18% No change 3,625 $487K
Community Bank & Trust, Waco, Texas 0.11% No change 3,600 $483K
Sterling Capital Management LLC 0.01% Add +55.4% 3,485 $468K
Fearless Solutions, LLC dba Best Invest 0.36% — 3,475 $467K
Maryland State Retirement & Pension System 0.01% No change 3,359 $451K
OneDigital Investment Advisors LLC 0.01% New 3,353 $450K
GTS Securities LLC 0.02% New 3,248 $436K
O'shaughnessy Asset Management, LLC 0.00% Add +4.4% 3,233 $434K
Evergreen Capital Management LLC 0.01% Add +7.7% 3,082 $414K
Jefferies Financial Group Inc. 0.00% New 3,040 $408K
Atria Wealth Solutions, Inc. 0.00% Reduce -28.2% 3,038 $408K
Beacon Pointe Advisors, LLC 0.00% Reduce -5.3% 2,928 $393K
Entropy Technologies, LP 0.04% New 2,896 $389K
Angeles Investment Advisors, LLC 0.02% No change 2,820 $379K
NewEdge Advisors, LLC 0.00% Add +690.1% 2,797 $376K
Bokf, NA 0.01% No change 2,791 $370K
Everpar Advisors LLC 0.18% Add +6.1% 2,702 $363K
Marshall Wace, LLP 0.00% Reduce -22.9% 2,662 $357K
Shelton Capital Management 0.01% Reduce -4.0% 2,612 $351K
Fruth Investment Management 0.10% Reduce -10.3% 2,600 $349K
Sanders Morris Harris LLC 0.05% No change 2,500 $338K
National Philanthropic Trust 0.00% Add +0.7% 2,452 $329K
Kestra Advisory Services, LLC 0.00% Reduce -86.6% 2,432 $326K
Avidian Wealth Enterprises, LLC 0.01% Add +0.2% 2,417 $325K
Kingswood Wealth Advisors, LLC 0.02% New 2,395 $322K
Procyon Advisors, LLC 0.02% Add +2.5% 2,267 $304K
Fifth Third Wealth Advisors LLC 0.02% No change 2,259 $303K
Park Avenue Securities LLC 0.00% New 2,233 $300K
Forum Financial Management, LP 0.00% New 2,218 $298K
Clearstead Advisors, LLC 0.00% Add +141.8% 2,188 $294K
Strategic Financial Concepts, LLC 0.06% Add +4.2% 2,187 $294K
Ballentine Partners, LLC 0.01% Add +3.7% 2,164 $291K
Greenleaf Trust 0.00% Add +1.6% 2,126 $285K
Personal Cfo Solutions, LLC 0.06% Add +15.7% 2,091 $281K
Enzi Wealth 0.11% No change 2,000 $280K
Quadrant Capital Group LLC 0.02% Add +4.3% 2,086 $280K
Juncture Wealth Strategies, LLC 0.10% Reduce -27.8% 2,081 $279K
Warwick Investment Management, Inc. 0.06% No change 2,080 $279K
LaSalle St. Investment Advisors, LLC 0.09% Add +13.2% 2,081 $279K
CIBC Asset Management Inc 0.00% Add +5.4% 2,016 $271K
Maridea Wealth Management LLC 0.09% — 1,988 $267K
Edge Capital Group, LLC 0.01% No change 1,977 $265K
Schulz Wealth, LTD. 0.20% No change 1,976 $265K
Ieq Capital, LLC 0.00% New 1,974 $265K
Elk River Wealth Management LLC 0.05% Reduce -1.9% 1,963 $264K
FFT Wealth Management LLC 0.02% Reduce -0.9% 1,935 $260K
Hamilton Capital Partners Inc. 0.02% Reduce -17.6% 1,883 $253K
Sather Financial Group Inc 0.02% No change 1,863 $250K
Tower Bridge Advisors 0.03% Reduce -5.1% 1,850 $248K
Jamison Private Wealth Management, Inc. 0.04% Add +0.3% 1,827 $245K
Coastline Trust Co 0.03% No change 1,815 $244K
HB Wealth Management, LLC 0.00% New 1,795 $241K
Prospera Financial Services Inc 0.01% No change 1,789 $240K
Callan Family Office, LLC 0.02% New 1,778 $239K
New England Research & Management, Inc. 0.12% Reduce -79.2% 1,775 $238K
BOK Financial Private Wealth, Inc. 0.02% No change 1,734 $233K
Argyle Capital Partners, LLC 0.20% — 1,730 $232K
Legacy Capital Wealth Partners, LLC 0.06% New 1,724 $231K
Johnson Investment Counsel Inc. 0.00% New 1,718 $231K
Fieldview Capital Management, LLC 0.04% — 1,696 $228K
Phillips Wealth Planners LLC 0.22% Reduce -1.4% 1,655 $219K
NorthCoast Asset Management LLC 0.00% New 1,626 $218K
Icon Wealth Advisors, LLC 0.02% Add +0.9% 1,626 $218K
D.A. Davidson & Co. 0.00% Reduce -83.6% 1,626 $218K
HighPoint Advisor Group LLC 0.01% New 1,534 $218K
Boston Financial Mangement LLC 0.01% New 1,621 $218K
Avantax Advisory Services, Inc. 0.00% New 1,617 $217K
CENTRAL TRUST Co 0.01% Add +0.8% 1,613 $217K
Meiji Yasuda Asset Management Co Ltd. 0.01% New 1,575 $211K
Snowden Capital Advisors LLC 0.01% New 1,572 $211K
Applied Finance Capital Management, LLC 0.01% New 1,569 $211K
Focus Partners Wealth 0.00% New 1,518 $204K
Americana Partners, LLC 0.01% New 1,507 $202K
1620 Investment Advisors, Inc. 0.15% Reduce -2.8% 1,443 $194K
IFP Advisors, Inc 0.01% Reduce -0.5% 1,428 $193K
Motco 0.02% No change 1,397 $188K
LRI Investments, LLC 0.02% Reduce -2.6% 1,363 $183K
Harbor Capital Advisors, Inc. 0.01% Reduce -15.2% 1,353 $182K
SG Americas Securities, LLC 0.00% Reduce -64.2% 1,307 $175K
CI Investments Inc. 0.00% Add +26.9% 1,268 $170K
Manchester Capital Management LLC 0.02% No change 1,262 $169K
Osaic Holdings, Inc. 0.00% Reduce -86.7% 1,242 $167K
Sunbelt Securities, Inc. 0.01% Reduce -27.9% 1,172 $158K
Steward Partners Investment Advisory, LLC 0.00% Add +1.9% 1,143 $153K
AlphaQuest LLC 0.02% Reduce -69.8% 996 $134K
Reyes Financial Architecture, Inc. 0.10% — 919 $123K
GAMMA Investing LLC 0.01% Add +21.2% 822 $110K
SBI Securities Co., Ltd. 0.00% — 789 $106K
Eagle Bay Advisors LLC 0.06% Reduce -0.1% 736 $99K
Signaturefd, LLC 0.00% Add +0.1% 687 $92K
Oliver Lagore Vanvalin Investment Group 0.02% No change 597 $80K
American National Bank & Trust 0.01% Add +148.9% 550 $74K
Spire Wealth Management 0.00% No change 543 $73K
EverSource Wealth Advisors, LLC 0.00% Add +9.6% 536 $72K
Riggs Asset Managment Co. Inc. 0.02% Reduce -50.0% 500 $67K
Robinson Value Management, Ltd. 0.04% No change 500 $67K
Nomura Asset Management Co. Ltd. 0.00% Add +35.3% 460 $62K
Lindbrook Capital, LLC 0.01% Reduce -5.2% 421 $57K
Huntington National Bank 0.00% Add +6.9% 417 $56K
Lummis Asset Management, LP 0.07% No change 397 $53K
Parallel Advisors, LLC 0.00% Reduce -0.5% 390 $52K
Caitong International Asset Management Co., Ltd 0.05% — 369 $50K
Arvest Investments, Inc. 0.01% Add +0.6% 336 $45K
Lavaca Capital LLC 0.02% New 313 $42K
Brooklyn Investment Group 0.01% Reduce -20.3% 311 $42K
Asset Dedication, LLC 0.00% No change 271 $36K
Geneos Wealth Management Inc. 0.00% No change 260 $35K
Wilmington Savings Fund Society, FSB 0.00% Reduce -0.4% 254 $34K
First PREMIER Bank 0.01% No change 250 $34K
UMB Bank, n.a. 0.00% Add +45.8% 245 $33K
Allworth Financial LP 0.00% Reduce -48.2% 230 $32K
Carolinas Wealth Consulting LLC 0.01% Reduce -10.1% 231 $31K
Rise Advisors, LLC 0.01% Add +0.5% 210 $28K
Principal Securities, Inc. 0.00% Add +9.6% 206 $28K
True Wealth Design, LLC 0.01% No change 205 $28K
Pathway Financial Advisers, LLC 0.01% Reduce -99.1% 202 $27K
Barrow Hanley Mewhinney & Strauss LLC 0.00% No change 196 $26K
Private Trust Co. NA 0.00% Add +23.3% 185 $25K
Chilton Capital Management LLC 0.00% No change 174 $23K
Matrix Trust Co 0.00% Reduce -6.1% 170 $23K
Farther Finance Advisors, LLC 0.00% Add +5.0% 168 $23K
MAI Capital Management 0.00% New 165 $22K
Arax Advisory Partners 0.00% No change 163 $22K
Darwin Wealth Management, LLC 0.01% New 156 $21K
Parkside Financial Bank & Trust 0.00% Add +18.6% 153 $21K
Coppell Advisory Solutions LLC 0.00% Add +375.0% 152 $20K
Pin Oak Investment Advisors Inc. 0.02% No change 181 $20K
MassMutual Private Wealth & Trust, FSB 0.00% Add +9.7% 136 $18K
Covestor Ltd 0.01% Reduce -41.1% 132 $18K
Colonial Trust Co / SC 0.00% Add +892.3% 129 $17K
First Community Trust NA 0.01% No change 125 $17K
Smartleaf Asset Management LLC 0.00% Add +15.4% 120 $16K
Coston, McIsaac & Partners 0.00% No change 122 $16K
Annis Gardner Whiting Capital Advisors, LLC 0.00% Add +45.0% 116 $16K
Financial Management Professionals, Inc. 0.00% No change 101 $14K
Global Retirement Partners, LLC 0.00% Reduce -21.7% 83 $11K
Colonial Trust Advisors 0.00% No change 76 $10K
Hexagon Capital Partners LLC 0.00% Add +56.3% 75 $10K
LGT Financial Advisors LLC 0.02% No change 74 $10K
Ranger Investment Management, L.P. 0.00% Reduce -29.8% 73 $10K
WPG Advisers, LLC 0.01% — 70 $9K
Albion Financial Group 0.00% No change 64 $9K
Murphy & Mullick Capital Management Corp 0.01% — 61 $8K
Mitsubishi UFJ Asset Management Co., Ltd. 0.00% No change 60 $8K
Park Square Financial Group, LLC 0.01% — 58 $8K
Brown Brothers Harriman & Co. 0.00% Add +51.4% 53 $7K
Mather Group, Llc. 0.00% Add +9.5% 46 $6K
Hemington Wealth Management 0.00% Add +73.3% 52 $6K
JFS Wealth Advisors, LLC 0.00% No change 43 $6K
GeoWealth Management, LLC 0.00% New 38 $5K
Capital Advisors, Ltd. LLC 0.00% No change 38 $5K
Abound Wealth Management 0.00% Add +164.3% 37 $5K
Montag A & Associates Inc. 0.00% No change 37 $5K
Park Place Capital Corp 0.00% Reduce -51.3% 37 $5K
Sachetta, LLC 0.00% No change 36 $5K
CNB Bank 0.00% No change 34 $5K
Bangor Savings Bank 0.00% Reduce -44.3% 34 $5K
Sugarloaf Wealth Management, LLC 0.00% No change 33 $4K
Bruce G. Allen Investments, LLC 0.00% No change 32 $4K
Wood Tarver Financial Group, LLC 0.00% — 34 $4K
Farmers & Merchants Investments Inc. 0.00% No change 26 $3K
Caldwell Trust Co 0.00% No change 25 $3K
Thurston, Springer, Miller, Herd & Titak, Inc. 0.00% No change 24 $3K
Whipplewood Advisors, LLC 0.00% — 23 $3K
Sandy Spring Bank 0.00% New 23 $3K
First Pacific Financial 0.00% New 21 $3K
Assetmark, Inc. 0.00% Add +100.0% 20 $3K
Key Financial Inc 0.00% New 19 $3K
Larson Financial Group LLC 0.00% Add +12.5% 18 $2K
Granite FO LLC 0.00% No change 17 $2K
AdvisorNet Financial, Inc 0.00% No change 15 $2K
FSA Wealth Management LLC 0.00% No change 13 $2K
ROSS\JOHNSON & Associates LLC 0.04% — 12 $2K
Bell Investment Advisors, Inc 0.00% No change 12 $2K
DiNuzzo Private Wealth, Inc. 0.00% No change 12 $2K
Creative Financial Designs Inc. 0.00% No change 12 $2K
Versant Capital Management, Inc 0.00% No change 10 $1K
SJS Investment Consulting Inc. 0.00% Reduce -23.1% 10 $1K
New Millennium Group LLC 0.00% New 7 $940
Old Second National Bank of Aurora 0.00% New 7 $940
Oakworth Capital, Inc. 0.00% No change 6 $806
Kayne Anderson Rudnick Investment Management LLC 0.00% No change 6 $806
Global Financial Private Client, LLC 0.00% New 4 $537
Parkworth Wealth Management, Inc. 0.00% — 2 $269
West Branch Capital LLC 0.00% No change 1 $135
PSI Advisors, LLC 0.00% No change 1 $134

"% of holder's portfolio" is CFR's weight in each manager's 13F, not the share of Cullen/Frost Bankers Inc. the manager owns.