CI
Cullen Investment Group, LTD. Institutional Portfolio & 13F Holdings (Q3 2026)
Cullen Investment Group, LTD.CIK: 0000797203
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$857.4M
Reporting period: 2026-09-30 · Number of holdings: 179
CULLEN INVESTMENT GROUP, LTD. disclosed 179 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $857.4M and a quarterly turnover rate of 19.8%.
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Personality snowflake
- Concentration
- 10.04
- Portfolio Stability
- 19.85
- Momentum
- 100
- Sector conviction
- 45.32
- Diversification
- 100
- Sizing Uniformity
- 81.26
Cullen Investment Group, LTD.'s disclosed holdings carry a Herfindahl concentration index of 0.025 — mathematically equivalent to about 40 equally-sized positions, well below its 179 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.87), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy 30233Q108
Sold out XOM
Add MSFT
-1.0% $14.0M
Trim GLW
-2.3% -$7.5M
Add AAPL
-1.9% $8.4M
Add META
+9.0% $5.0M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 7.22% | +0.74% | -1.88% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 6.38% | -0.01% | +0.24% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 5.36% | +1.49% | -0.98% | |
| 4 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.72% | -0.07% | +3.60% | |
| 5 | WMT | Walmart Inc | Stock-Consumer Staples | 3.58% | -0.24% | -2.58% | |
| 6 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.44% | -0.09% | -0.87% | |
| 7 | NVDA | Nvidia CORP | Stock-Tech | 2.84% | +0.23% | +0.07% | |
| 8 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.56% | +0.24% | +5.00% | |
| 9 | PM | Philip Morris International | Stock-Consumer Staples | 2.45% | +0.36% | +8.88% | |
| 10 | ETN | Eaton Corporation plc | Stock-Industrials | 2.24% | -0.29% | -8.50% | |
| 11 | ✓ | Stock-Other | 2.17% | +2.17% | NEW | ||
| 12 | AVGO | Broadcom Inc | Stock-Tech | 2.15% | -0.38% | -6.16% | |
| 13 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.92% | +0.54% | +9.02% | |
| 14 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.86% | +0.13% | -1.03% | |
| 15 | ADI | Analog Devices Inc | Stock-Tech | 1.62% | — | +1.81% | |
| 16 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.60% | -0.09% | -0.27% | |
| 17 | DE | Deere & Co | Stock-Industrials | 1.54% | -0.09% | -1.73% | |
| 18 | V | Visa Inc-class A Shares | Stock-Financials | 1.49% | +0.16% | +2.16% | |
| 19 | MDT | Medtronic plc | Stock-Healthcare | 1.39% | +0.22% | +4.41% | |
| 20 | SCHW | Schwab (charles) CORP | Stock-Financials | 1.37% | +0.18% | +13.04% | |
| 21 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.30% | +0.01% | -2.00% | |
| 22 | AMAT | Applied Materials Inc | Stock-Tech | 1.24% | -0.45% | +10.80% | |
| 23 | WFC | Wells Fargo & Co | Stock-Financials | 1.24% | +0.08% | +10.55% | |
| 24 | GLW | Corning Inc | Stock-Tech | 1.12% | -0.95% | -2.33% | |
| 25 | EPD | Enterprise Products Partners | Stock-Energy | 1.07% | -0.06% | -0.19% | |
| 26 | COP | Conocophillips | Stock-Energy | 1.06% | +0.31% | +10.60% | |
| 27 | GD | General Dynamics CORP | Stock-Industrials | 1.04% | -0.24% | -11.07% | |
| 28 | UL | Unilever Plc-sponsored Adr | Stock-Consumer Staples | 0.99% | +0.11% | +11.04% | |
| 29 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 0.99% | -0.04% | +11.61% | |
| 30 | MCK | Mckesson CORP | Stock-Healthcare | 0.95% | +0.25% | +10.69% | |
| 31 | AMD | Advanced Micro Devices | Stock-Tech | 0.92% | -0.05% | -3.36% | |
| 32 | TT | Trane Technologies plc | Stock-Industrials | 0.89% | -0.12% | -5.92% | |
| 33 | CMI | Cummins Inc | Stock-Industrials | 0.83% | -0.37% | -2.39% | |
| 34 | BDX | Becton Dickinson And Co | Stock-Healthcare | 0.83% | +0.21% | +11.33% | |
| 35 | GRMN | Garmin Ltd. | Stock-Tech | 0.82% | +0.06% | -0.23% | |
| 36 | UNP | Union Pacific CORP | Stock-Industrials | 0.81% | -0.12% | -12.76% | |
| 37 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.80% | -0.13% | -9.44% | |
| 38 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 0.80% | -0.25% | -14.10% | |
| 39 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.80% | -0.15% | +3.47% | |
| 40 | CAT | Caterpillar Inc | Stock-Industrials | 0.78% | -0.32% | -2.65% | |
| 41 | O | Realty Income CORP | Stock-Real Estate | 0.78% | -0.17% | -3.98% | |
| 42 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.75% | -0.01% | -2.33% | |
| 43 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.65% | -0.17% | -8.85% | |
| 44 | FERG | Ferguson Enterprises Inc | Stock-Industrials | 0.64% | +0.24% | +75.56% | |
| 45 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.61% | -0.02% | +0.80% | |
| 46 | IQV | Iqvia Holdings Inc | Stock-Healthcare | 0.60% | +0.13% | -2.35% | |
| 47 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.51% | +0.21% | +0.05% | |
| 48 | CVX | Chevron CORP | Stock-Energy | 0.51% | +0.08% | -6.05% | |
| 49 | NFLX | Netflix Inc | Stock-Comm Services | 0.48% | +0.48% | NEW | |
| 50 | RJF | Raymond James Financial Inc | Stock-Financials | 0.43% | -0.01% | -3.31% |
1–50 of 179
Portfolio Performance
Performance for Q4 2026
+2%
Performance Last 4 Quarters
+16.5%
- Stdev
- +10.4%
- Beta
- +0.79
- Alpha
- +1.7%
- Max Drawdown
- -7.2%
- Annualized Perf
- +16.6%
- Batting Avg vs S&P
- +46.9%
- Sortino
- +2.87
- Stutzer
- +0.44
- Treynor
- +0.2
- Sterling
- +1.03
- Calmar
- +2.32
- Information Ratio
- -0.4
- Tracking Error
- +5.3%
- Stdev Down
- +5.6%
- Winning Months %
- +71.9%
- Losing Months %
- +28.1%
- Best 12 Months
- +31.8%
- Worst 12 Months
- +6.2%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.53
- Stdev Sectors
- +7.4%
- Skewness
- -0.29
- Kurtosis
- +0.27
- Upside Potential
- +4.39
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Cullen Investment Group, LTD.'s most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Netflix Inc (NFLX); New buy: ; New buy: .
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +2.2% | NEW | New buy | |
| 2 | MSFT | Microsoft CORP | +1.5% | -0.98% | Trim |
| 3 | AAPL | Apple Inc | +0.7% | -1.88% | Trim |
| 4 | META | Meta Platforms Inc-class A | +0.5% | +9.02% | Add |
| 5 | NFLX | Netflix Inc | +0.5% | NEW | New buy |
| 6 | PM | Philip Morris International | +0.4% | +8.88% | Add |
| 7 | COP | Conocophillips | +0.3% | +10.60% | Add |
| 8 | ✓ | +0.3% | NEW | New buy | |
| 9 | MCK | Mckesson CORP | +0.3% | +10.69% | Add |
| 10 | AMZN | Amazon.com Inc | +0.2% | +5.00% | Add |
| 11 | FERG | Ferguson Enterprises Inc | +0.2% | +75.56% | Add |
| 12 | NVDA | Nvidia CORP | +0.2% | +0.07% | Add |
| 13 | MDT | Medtronic plc | +0.2% | +4.41% | Add |
| 14 | BDX | Becton Dickinson And Co | +0.2% | +11.33% | Add |
| 15 | MPC | Marathon Petroleum CORP | +0.2% | +0.05% | Add |
| 16 | SCHW | Schwab (charles) CORP | +0.2% | +13.04% | Add |
| 17 | ✓ | +0.2% | NEW | New buy | |
| 18 | V | Visa Inc-class A Shares | +0.2% | +2.16% | Add |
| 19 | TMO | Thermo Fisher Scientific Inc | +0.2% | +22.49% | Add |
| 20 | MRK | Merck & Co. Inc. | +0.1% | -1.03% | Trim |
| 21 | IQV | Iqvia Holdings Inc | +0.1% | -2.35% | Trim |
| 22 | UL | Unilever Plc-sponsored Adr | +0.1% | +11.04% | Add |
| 23 | WFC | Wells Fargo & Co | +0.1% | +10.55% | Add |
| 24 | CVX | Chevron CORP | +0.1% | -6.05% | Trim |
| 25 | GRMN | Garmin Ltd. | +0.1% | -0.23% | Trim |
| 26 | SU | Suncor Energy Inc | +0.1% | -1.35% | Trim |
| 27 | VEEV | Veeva Systems Inc-class A | +0.1% | -6.09% | Trim |
| 28 | SHEL | Shell Plc-adr | 0% | -3.07% | Trim |
| 29 | AMGN | Amgen Inc | 0% | -1.00% | Trim |
| 30 | ABBV | Abbvie Inc | 0% | -0.33% | Trim |
| 31 | SPYM | Ste Str Spdr Pt S&p 500 ETF | 0% | +14.47% | Add |
| 32 | BLK | Blackrock Inc | 0% | -1.84% | Trim |
| 33 | GILD | Gilead Sciences Inc | 0% | -1.23% | Trim |
| 34 | MA | Mastercard Inc - A | 0% | -6.18% | Trim |
| 35 | CLF | Cleveland-cliffs Inc | 0% | -0.84% | Trim |
| 36 | NRP | Natural Resource Partners LP | 0% | NEW | New buy |
| 37 | PSX | Phillips 66 | 0% | +1.52% | Add |
| 38 | PSKY | Paramount Skydance Cl B | 0% | NEW | New buy |
| 39 | JNJ | Johnson & Johnson | 0% | -2.00% | Trim |
| 40 | FANG | Diamondback Energy Inc | 0% | -1.55% | Trim |
| 41 | OXY | Occidental Petroleum CORP | 0% | -3.52% | Trim |
| 42 | APA | Apa CORP | 0% | +0.38% | Add |
| 43 | DVN | Devon Energy CORP | 0% | +0.13% | Add |
| 44 | PFE | Pfizer Inc | 0% | +11.42% | Add |
| 45 | PEO | Adams Natural Resources Fund | 0% | -1.76% | Trim |
| 46 | ET | Energy Transfer LP | 0% | +0.43% | Add |
| 47 | TGT | Target CORP | 0% | -0.42% | Trim |
| 48 | ADI | Analog Devices Inc | — | +1.81% | Add |
| 49 | VOO | Vanguard S&p 500 ETF | — | +3.54% | Add |
| 50 | KO | Coca-cola Co/the | — | -0.37% | Trim |
1–50 of 187
Filing History
FAQ
What is Cullen Investment Group, LTD. and what type of investor is it?
Cullen Investment Group, LTD. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $857.4M, spread across 179 disclosed positions.
What are Cullen Investment Group, LTD.'s largest equity positions?
Based on the latest 13F filing, Cullen Investment Group, LTD.'s top holdings by market value are:
1. Apple Inc (AAPL) — $61.9M (7.2%)
2. Berkshire Hathaway Inc-cl B (BRK-B) — $54.7M (6.4%)
3. Microsoft CORP (MSFT) — $45.9M (5.4%)
4. Alphabet Inc-cl C (GOOG) — $40.5M (4.7%)
5. Walmart Inc (WMT) — $30.7M (3.6%)
What changes did Cullen Investment Group, LTD. make in its most recent portfolio filing?
In the latest reported quarter, Cullen Investment Group, LTD. made 173 notable position adjustments: 6 new positions were initiated, 53 existing holdings were added to, 106 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Netflix Inc (NFLX); New buy: ; New buy:
What sectors does Cullen Investment Group, LTD. focus on?
Cullen Investment Group, LTD. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 27.1%
• Health Care: 13.8%
• Financials: 12.9%
• Industrials: 12.2%
• Communication Services: 10.4%
• Consumer Staples: 9.4%
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
Cullen Investment Group, LTD. returned an annualized 16.6% over the trailing 32 months — outperforming the S&P 500 by 1.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.79 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its MSFT position over the past two quarters (+$14.2M, now $45.9M), while trimming WMT over the same stretch (-$4.7M, still holding $30.7M).
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Developer Access
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