Cullen Capital Management 13F annual report
Cullen Capital Management is an investment fund managing more than $8.68 trillion ran by Aiden Kelly. There are currently 209 companies in Mr. Kelly’s portfolio. The largest investments include Jp Morgan Chase & Co. and Novartis Ag (adr), together worth $612 billion.
Limited to 30 biggest holdings
$8.68 trillion Assets Under Management (AUM)
As of 6th August 2024, Cullen Capital Management’s top holding is 1,513,906 shares of Jp Morgan Chase & Co. currently worth over $306 billion and making up 3.5% of the portfolio value.
In addition, the fund holds 2,870,381 shares of Novartis Ag (adr) worth $306 billion.
The third-largest holding is Morgan Stanley worth $251 billion and the next is Bank Of America worth $248 billion, with 6,230,068 shares owned.
Currently, Cullen Capital Management's portfolio is worth at least $8.68 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Cullen Capital Management
The Cullen Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Aiden Kelly serves as the CCO at Cullen Capital Management.
Recent trades
In the most recent 13F filing, Cullen Capital Management revealed that it had opened a new position in
Kaspi.kz Jsc and bought 330,171 shares worth $42.6 billion.
The investment fund also strengthened its position in Crown Castle Inc by buying
304,550 additional shares.
This makes their stake in Crown Castle Inc total 1,144,794 shares worth $112 billion.
Crown Castle Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Cullen Capital Management is getting rid of from its portfolio.
Cullen Capital Management closed its position in Denny's Corp. on 13th August 2024.
It sold the previously owned 93,637 shares for $839 million.
Aiden Kelly also disclosed a decreased stake in Jp Morgan Chase & Co. by approximately 0.1%.
This leaves the value of the investment at $306 billion and 1,513,906 shares.
One of the largest hedge funds
The two most similar investment funds to Cullen Capital Management are Factory Mutual Insurance Co and Japan Science & Technology Agency. They manage $8.67 trillion and $8.66 trillion respectively.
Aiden Kelly investment strategy
Cullen Capital Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Health Care — making up 9.3% of
the total portfolio value.
The fund focuses on investments in the United States as
53.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
36% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $103 billion.
The complete list of Cullen Capital Management trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Jp Morgan Chase & Co. |
6.44%
1,513,906
|
$306,202,600,000 | 3.53% |
| Novartis Ag (adr) |
1.85%
2,870,381
|
$305,580,713,000 | 3.52% |
| Morgan Stanley |
4.65%
2,580,429
|
$250,791,937,000 | 2.89% |
| Bank Of America Corp. |
5.06%
6,230,068
|
$247,769,811,000 | 2.85% |
| Exxon Mobil Corp. |
2.73%
2,109,591
|
$242,856,115,000 | 2.80% |
| Philip Morris International In |
4.39%
2,357,398
|
$238,875,180,000 | 2.75% |
| Duke Energy Corp. |
3.35%
2,330,956
|
$233,631,759,000 | 2.69% |
| Chevron Corp. |
2.66%
1,485,769
|
$232,404,038,000 | 2.68% |
| General Dynamics Corp. |
5.99%
789,732
|
$229,132,720,000 | 2.64% |
| Cisco Systems, Inc. |
1.69%
4,782,126
|
$227,198,788,000 | 2.62% |
| Chubb Ltd. |
3.45%
886,670
|
$226,171,774,000 | 2.60% |
| Johnson Controls International |
3.62%
3,391,370
|
$225,424,370,000 | 2.60% |
| Medtronic Plc |
3.36%
2,613,825
|
$205,734,199,000 | 2.37% |
| Broadcom Inc |
15.66%
127,769
|
$205,136,785,000 | 2.36% |
| Merck & Co Inc |
4.20%
1,593,766
|
$197,308,232,000 | 2.27% |
| NextEra Energy Inc |
3.05%
2,780,966
|
$196,920,174,000 | 2.27% |
| Comcast Corp. (cl A) |
1.43%
4,968,296
|
$194,558,459,000 | 2.24% |
| VICI Properties Inc |
2.08%
6,504,415
|
$186,286,441,000 | 2.15% |
| Dow Inc |
2.50%
3,509,797
|
$186,194,739,000 | 2.14% |
| RTX Corp |
26.37%
1,805,016
|
$181,205,552,000 | 2.09% |
| Truist Financial Corporation |
7.97%
4,578,313
|
$177,867,450,000 | 2.05% |
| Johnson & Johnson |
3.79%
1,212,969
|
$177,287,616,000 | 2.04% |
| Kenvue Inc |
5.76%
9,119,549
|
$165,793,398,000 | 1.91% |
| Unilever Plc (adr) |
3.02%
2,888,988
|
$158,865,447,000 | 1.83% |
| BCE Inc |
8.96%
4,882,411
|
$158,043,641,000 | 1.82% |
| Genuine Parts Co. |
3.74%
1,140,191
|
$157,711,265,000 | 1.82% |
| Travelers Companies Inc. |
2.56%
769,512
|
$156,472,554,000 | 1.80% |
| Conocophillips |
4.07%
1,311,136
|
$149,967,682,000 | 1.73% |
| Citigroup Inc |
2.23%
2,319,504
|
$147,195,710,000 | 1.70% |
| AT&T Inc. |
2.20%
7,490,984
|
$143,152,712,000 | 1.65% |
| Target Corp |
1.48%
956,790
|
$141,643,178,000 | 1.63% |
| Altria Group Inc. |
2.55%
2,862,003
|
$130,364,227,000 | 1.50% |
| Lowe's Companies Inc. |
4.91%
586,954
|
$129,399,857,000 | 1.49% |
| Healthpeak Properties Inc. |
11.06%
6,513,457
|
$127,663,754,000 | 1.47% |
| United Parcel Service, Inc. |
10.00%
877,171
|
$120,040,864,000 | 1.38% |
| Microsoft Corporation |
6.22%
262,138
|
$117,162,519,000 | 1.35% |
| Crown Castle Inc |
36.25%
1,144,794
|
$111,846,397,000 | 1.29% |
| Pfizer Inc. |
14.26%
3,856,844
|
$107,914,508,000 | 1.24% |
| Intel Corp. |
3.99%
2,659,964
|
$82,379,080,000 | 0.95% |
| Diageo Plc (adr) |
2.33%
579,945
|
$73,119,467,000 | 0.84% |
| Verizon Communications Inc |
1.61%
1,734,052
|
$71,512,317,000 | 0.82% |
| EOG Resources, Inc. |
2.96%
551,436
|
$69,409,203,000 | 0.80% |
| PPL Corp |
10.64%
2,299,718
|
$63,587,199,000 | 0.73% |
| Bristol-Myers Squibb Co. |
17.40%
1,486,869
|
$61,749,659,000 | 0.71% |
| Rio Tinto Plc (adr) |
2.72%
923,961
|
$60,916,737,000 | 0.70% |
| Conagra Brands Inc |
3.95%
1,958,727
|
$55,667,034,000 | 0.64% |
| Taiwan Semiconductor Manufactu |
3.84%
314,494
|
$54,662,202,000 | 0.63% |
| Ase Technology Holding Company |
2.35%
4,606,706
|
$52,608,587,000 | 0.61% |
| 3M Co. |
6,441.34%
490,404
|
$50,114,385,000 | 0.58% |
| Baxter International Inc. |
20.86%
1,457,484
|
$48,752,847,000 | 0.56% |
| Kellanova Co |
7.11%
824,559
|
$47,560,588,000 | 0.55% |
| Coca Cola Euro Pacific Partner |
15.15%
635,698
|
$46,323,290,000 | 0.53% |
| Coca-cola Femsa Sab De Cv (adr |
1.03%
531,642
|
$45,636,176,000 | 0.53% |
| TotalEnergies SE |
10.39%
664,998
|
$44,342,080,000 | 0.51% |
| Kaspi.kz Jsc |
Opened
330,171
|
$42,595,361,000 | 0.49% |
| Petroleo Brasileiro Sa (adr) |
0.38%
2,904,686
|
$42,088,894,000 | 0.48% |
| Icici Bank Ltd. (adr) |
6.88%
1,382,454
|
$39,828,500,000 | 0.46% |
| Toyota Motor Corporation |
14.07%
179,782
|
$36,849,814,000 | 0.42% |
| International Business Machine |
42.56%
209,053
|
$36,155,748,000 | 0.42% |
| Trip.com Group Ltd |
6.11%
703,398
|
$33,577,453,000 | 0.39% |
| Health Care Select Sector Spdr |
8,349.56%
228,476
|
$33,300,377,000 | 0.38% |
| Shell Plc |
0.23%
453,331
|
$32,721,448,000 | 0.38% |
| Bhp Group Ltd. |
0.09%
490,366
|
$27,994,992,000 | 0.32% |
| British American Tobacco Plc ( |
24.88%
860,167
|
$26,604,962,000 | 0.31% |
| Communication Services Select |
4,633.86%
243,510
|
$20,859,067,000 | 0.24% |
| Sanofi (adr) |
1.27%
367,589
|
$17,835,435,000 | 0.21% |
| Industrial Select Sector Spdr |
6,099.13%
106,501
|
$12,979,277,000 | 0.15% |
| Consumer Staples Select Sector |
5,246.33%
161,192
|
$12,344,083,000 | 0.14% |
| Financial Select Sector Spdr F |
Opened
297,562
|
$12,232,774,000 | 0.14% |
| Ishares Msci South Korea Etf |
14.58%
165,951
|
$10,967,702,000 | 0.13% |
| Real Estate Select Sector Spdr |
5,288.18%
285,250
|
$10,956,453,000 | 0.13% |
| Laureate Education Inc |
1,012.19%
724,146
|
$10,818,741,000 | 0.12% |
| Ishares Msci Taiwan Etf |
8.21%
186,639
|
$10,113,967,000 | 0.12% |
| Wisdomtree India Earnings Fund |
14.20%
208,436
|
$10,063,290,000 | 0.12% |
| Ishares Msci India Etf |
22.87%
132,084
|
$7,367,646,000 | 0.08% |
| Kb Financial Group Inc. (adr) |
10.47%
128,883
|
$7,296,067,000 | 0.08% |
| Copa Holdings Sa |
2.39%
61,671
|
$5,869,846,000 | 0.07% |
| Oracle Corp. |
1.07%
39,641
|
$5,597,309,000 | 0.06% |
| Energy Transfer LP |
1.80%
338,579
|
$5,491,751,000 | 0.06% |
| Technology Select Sector Spdr |
Opened
21,739
|
$4,918,014,000 | 0.06% |
| Eaton Corp. Plc |
3.26%
14,885
|
$4,667,192,000 | 0.05% |
| American Express Co. |
0.17%
20,128
|
$4,660,638,000 | 0.05% |
| Ishares Msci Malaysia Etf |
Opened
201,686
|
$4,529,868,000 | 0.05% |
| Enterprise Products Partners L |
7.20%
152,567
|
$4,421,392,000 | 0.05% |
| Applied Materials Inc. |
3.24%
18,369
|
$4,334,900,000 | 0.05% |
| Cigna Group (The) |
2.99%
12,475
|
$4,123,861,000 | 0.05% |
| Honeywell International Inc |
No change
18,191
|
$3,884,324,000 | 0.04% |
| Consumer Discretionary Select |
Opened
21,061
|
$3,841,526,000 | 0.04% |
| Mondelez International Inc. |
3.04%
58,258
|
$3,812,404,000 | 0.04% |
| Walmart Inc |
1.38%
54,872
|
$3,715,383,000 | 0.04% |
| Axalta Coating Systems Ltd |
3.41%
97,775
|
$3,340,972,000 | 0.04% |
| Walt Disney Co (The) |
4.13%
30,981
|
$3,076,103,000 | 0.04% |
| Allstate Corp (The) |
2.56%
19,149
|
$3,057,329,000 | 0.04% |
| Arrow Electronics Inc. |
0.91%
23,488
|
$2,836,411,000 | 0.03% |
| BorgWarner Inc |
3.04%
86,614
|
$2,792,435,000 | 0.03% |
| The Pnc Financial Services Gro |
5.32%
17,834
|
$2,772,830,000 | 0.03% |
| Sempra |
6.45%
32,362
|
$2,461,454,000 | 0.03% |
| Packaging Corp. Of America |
1.19%
13,167
|
$2,403,768,000 | 0.03% |
| Itau Unibanco Holding Sa (adr) |
63.38%
411,456
|
$2,402,903,000 | 0.03% |
| Union Pacific Corp. |
3.28%
10,482
|
$2,371,657,000 | 0.03% |
| Spdr Bloomberg 1-3 Month T-bil |
Opened
24,424
|
$2,241,635,000 | 0.03% |
| Canadian National Railway Co. |
1.50%
18,426
|
$2,176,663,000 | 0.03% |
| Mcdonald's Corp. |
2.65%
8,122
|
$2,069,810,000 | 0.02% |
| Procter & Gamble Co. |
0.80%
9,504
|
$1,567,400,000 | 0.02% |
| The Jm Smucker Co. |
22.15%
14,315
|
$1,560,908,000 | 0.02% |
| Qualcomm, Inc. |
12.04%
7,834
|
$1,560,376,000 | 0.02% |
| Boeing Co/the |
1.07%
8,420
|
$1,532,524,000 | 0.02% |
| LendingTree Inc. |
5.57%
34,592
|
$1,438,681,000 | 0.02% |
| Pepsico Inc. |
0.06%
8,580
|
$1,415,099,000 | 0.02% |
| Archer Daniels Midland Co. |
11.57%
23,353
|
$1,411,689,000 | 0.02% |
| Great Lakes Dredge & Dock Corporation |
12.13%
157,897
|
$1,386,336,000 | 0.02% |
| Fidelity National Information |
37.69%
18,188
|
$1,370,648,000 | 0.02% |
| CSX Corp. |
13.88%
40,718
|
$1,362,017,000 | 0.02% |
| Apple Inc |
No change
6,444
|
$1,357,235,000 | 0.02% |
| Simon Property Group, Inc. |
11.10%
8,737
|
$1,326,277,000 | 0.02% |
| Viper Energy Inc |
8.71%
33,410
|
$1,253,877,000 | 0.01% |
| DuPont de Nemours Inc |
14.90%
15,535
|
$1,250,412,000 | 0.01% |
| Sensata Technologies Holding P |
1.35%
30,952
|
$1,157,295,000 | 0.01% |
| American Water Works Company I |
No change
8,591
|
$1,109,614,000 | 0.01% |
| Ralph Lauren Corp |
8.09%
6,006
|
$1,051,410,000 | 0.01% |
| General Electric Co. |
No change
6,551
|
$1,041,412,000 | 0.01% |
| Vaneck Vietnam Etf |
0.69%
80,010
|
$973,722,000 | 0.01% |
| Marriot Vacations Worldwide Co |
1.46%
10,233
|
$893,546,000 | 0.01% |
| Coterra Energy Inc |
1.29%
32,284
|
$861,014,000 | 0.01% |
| Denny's Corp. |
Closed
93,637
|
$838,988,000 | |
| Essential Utilites Inc. |
7.79%
22,241
|
$830,257,000 | 0.01% |
| First Horizon Corporation |
2.37%
51,857
|
$817,785,000 | 0.01% |
| Select Water Solutions Inc |
1.48%
74,259
|
$794,571,000 | 0.01% |
| Kimberly-Clark Corp. |
No change
5,602
|
$774,196,000 | 0.01% |
| Portland General Electric Co |
21.73%
17,306
|
$748,311,000 | 0.01% |
| Blackstone Inc |
No change
6,005
|
$743,419,000 | 0.01% |
| Cousins Properties Inc. |
6.26%
28,840
|
$667,646,000 | 0.01% |
| Public Service Enterprise Grou |
No change
8,999
|
$663,226,000 | 0.01% |
| Civitas Resources Inc. |
1.59%
9,595
|
$662,055,000 | 0.01% |
| Coca-Cola Co |
No change
10,219
|
$650,439,000 | 0.01% |
| Abbvie Inc |
No change
3,772
|
$646,973,000 | 0.01% |
| Ameris Bancorp |
2.14%
12,733
|
$641,107,000 | 0.01% |
| Helmerich & Payne, Inc. |
Closed
15,228
|
$640,490,000 | |
| American States Water Co. |
13.58%
8,588
|
$623,231,000 | 0.01% |
| Spdr S&p500 Etf Trust |
No change
1,126
|
$612,792,000 | 0.01% |
| California Water Service Group |
13.79%
12,593
|
$610,635,000 | 0.01% |
| Korn Ferry |
11.76%
9,066
|
$608,691,000 | 0.01% |
| Sitio Royalties Corp |
1.42%
25,549
|
$603,212,000 | 0.01% |
| Warner Brothers Discovery Inc. |
4.42%
80,503
|
$598,942,000 | 0.01% |
| Hudbay Minerals Inc. |
Opened
64,230
|
$581,178,000 | 0.01% |
| Tetra Tech, Inc. |
3.92%
2,722
|
$556,595,000 | 0.01% |
| Crocs Inc |
29.37%
3,806
|
$555,448,000 | 0.01% |
| Masco Corp. |
35.97%
8,267
|
$551,161,000 | 0.01% |
| Public Storage |
No change
1,891
|
$543,946,000 | 0.01% |
| Core & Main, Inc. |
10.66%
10,953
|
$536,040,000 | 0.01% |
| Xylem Inc |
22.02%
3,895
|
$528,279,000 | 0.01% |
| Huntsman Corp |
50.37%
23,071
|
$525,327,000 | 0.01% |
| Utilities Select Sector Spdr F |
Opened
7,653
|
$521,475,000 | 0.01% |
| Pool Corporation |
63.21%
1,686
|
$518,158,000 | 0.01% |
| Energy Select Sector Spdr Fund |
Opened
5,656
|
$515,544,000 | 0.01% |
| Premier Financial Corp. |
24.67%
25,063
|
$512,789,000 | 0.01% |
| Devon Energy Corp. |
Opened
10,810
|
$512,394,000 | 0.01% |
| Pentair plc |
66.62%
6,385
|
$489,538,000 | 0.01% |
| Valmont Industries, Inc. |
0.11%
1,755
|
$481,660,000 | 0.01% |
| loanDepot, Inc. |
19.44%
269,013
|
$443,871,000 | 0.01% |
| Simons First National Corp. |
2.39%
25,028
|
$439,992,000 | 0.01% |
| Linde Plc. |
No change
1,000
|
$438,995,000 | 0.01% |
| Highwoods Properties, Inc. |
3.29%
16,440
|
$431,879,000 | 0.00% |
| Weyerhaeuser Co. |
No change
14,917
|
$423,494,000 | 0.00% |
| Canadian Pacific Kansas City L |
9.28%
5,368
|
$422,623,000 | 0.00% |
| Materials Select Sector Spdr F |
Opened
4,677
|
$413,026,000 | 0.00% |
| York Water Co. |
0.03%
10,976
|
$407,100,000 | 0.00% |
| Dominion Energy Inc |
1.87%
8,217
|
$402,633,000 | 0.00% |
| SouthState Corporation |
2.07%
5,216
|
$398,644,000 | 0.00% |
| Global Water Resources Inc |
0.01%
32,746
|
$396,227,000 | 0.00% |
| Consolidated Water Company Ltd |
95.84%
14,155
|
$375,674,000 | 0.00% |
| Terex Corp. |
47.70%
6,549
|
$359,147,000 | 0.00% |
| Latham Group Inc. |
0.03%
118,383
|
$358,700,000 | 0.00% |
| Pennymac Financial Services In |
17.88%
3,751
|
$354,845,000 | 0.00% |
| First Interstate Bancsystem In |
1.97%
12,704
|
$352,790,000 | 0.00% |
| Cracker Barrel Old Country Sto |
Opened
8,344
|
$351,783,000 | 0.00% |
| Enterprise Financial Services Corp. |
3.30%
8,583
|
$351,131,000 | 0.00% |
| Alibaba Group Holding Ltd |
Opened
38,749
|
$349,828,000 | 0.00% |
| Veralto Corp. |
20.47%
3,620
|
$345,601,000 | 0.00% |
| Haemonetics Corp. |
27.28%
4,143
|
$342,750,000 | 0.00% |
| Ecolab, Inc. |
0.14%
1,421
|
$338,198,000 | 0.00% |
| Advanced Drainage Systems Inc |
No change
2,096
|
$336,177,000 | 0.00% |
| Zurn Elkay Water Solutions Cor |
0.06%
10,899
|
$320,431,000 | 0.00% |
| Wp Carey Inc. |
No change
5,723
|
$315,051,000 | 0.00% |
| Under Armour Inc. (class C) |
3.26%
48,048
|
$313,753,000 | 0.00% |
| Rayonier Inc. |
No change
10,713
|
$311,641,000 | 0.00% |
| Spirit Aerosystems Holdings In |
60.26%
9,384
|
$308,452,000 | 0.00% |
| Ecovyst Inc |
38.97%
34,153
|
$306,352,000 | 0.00% |
| Caterpillar Inc. |
No change
900
|
$299,790,000 | 0.00% |
| Seagate Technology Holdings Pl |
No change
2,901
|
$299,586,000 | 0.00% |
| RLJ Lodging Trust |
Closed
25,083
|
$296,481,000 | |
| BGSF Inc |
2.91%
34,513
|
$295,086,000 | 0.00% |
| SJW Group |
33.93%
5,434
|
$294,631,000 | 0.00% |
| Artesian Resources Corp. |
0.02%
8,206
|
$288,523,000 | 0.00% |
| Prologis Inc |
No change
2,519
|
$282,909,000 | 0.00% |
| Carter's Inc. |
28.57%
4,537
|
$281,158,000 | 0.00% |
| Ge Vernova Llc |
Opened
1,637
|
$280,762,000 | 0.00% |
| Granite Real Estate Investment |
No change
5,598
|
$277,363,000 | 0.00% |
| Enbridge Inc |
No change
7,380
|
$262,654,000 | 0.00% |
| Middlesex Water Co. |
No change
4,674
|
$244,263,000 | 0.00% |
| Franklin Electric Co., Inc. |
Closed
2,169
|
$231,671,000 | |
| Wisdomtree International Equit |
Opened
4,156
|
$223,260,000 | 0.00% |
| Stantec Inc |
0.08%
2,578
|
$215,392,000 | 0.00% |
| International Paper Co. |
Opened
4,960
|
$214,024,000 | 0.00% |
| Western Union Company |
12.72%
17,492
|
$213,752,000 | 0.00% |
| Vector Group Ltd |
Closed
19,234
|
$210,805,000 | |
| PotlatchDeltic Corp |
No change
5,346
|
$210,579,000 | 0.00% |
| Vale Sa |
78.37%
18,718
|
$209,080,000 | 0.00% |
| Douglas Elliman Inc. |
77.44%
179,786
|
$208,552,000 | 0.00% |
| Lindsay Corporation |
Opened
1,693
|
$208,036,000 | 0.00% |
| Varex Imaging Corp |
56.09%
13,614
|
$200,534,000 | 0.00% |
| Unisys Corp. |
3.28%
42,578
|
$175,847,000 | 0.00% |
| Suzano Sa |
No change
16,465
|
$169,096,000 | 0.00% |
| Companhia De Saneamento Basico |
0.03%
10,136
|
$136,329,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 214 holdings | |||
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