13F-HR: Cullen/Frost Bankers, Inc. Discloses $6.9 Billion in Holdings in Latest 13F Filing

Cullen/Frost Bankers, Inc. reported \$6.9 billion in managed securities holdings as of June 30, 2024, according to their latest 13F filing.

Summary

• Cullen/Frost Bankers, Inc., an institutional investment manager, filed its Form 13F holdings report for the quarter ended June 30, 2024.
• The report indicates that the firm manages \$6,904,333,621 in total assets across 1,241 holdings.
• The filing includes holdings managed by Cullen/Frost Bankers, Inc. and three other included managers: Frost Bank, Frost Investment Advisors, LLC, and Frost Investment Services, LLC.
• The filing details a comprehensive list of equity positions, including domestic and international common stocks, ETFs, and REITs.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, presenting factual information about the company's holdings. The sentiment is neutral to positive as it provides transparency into the firm's investment portfolio.

Positives

• The filing provides a detailed overview of the firm's investment strategy and asset allocation.
• The extensive list of holdings offers insights into the sectors and companies in which the firm is investing.

Industry Context

13F filings are a standard requirement for institutional investment managers with over \$100 million in assets under management, providing transparency into their holdings and investment strategies.

Comparison to Industry Standards

• Comparing Cullen/Frost's holdings to those of similar-sized regional banks and investment firms could provide insights into their relative investment strategies.
• For example, comparing their tech stock allocation to firms like Northern Trust or State Street could reveal differences in investment focus.
• Analyzing their REIT holdings against benchmarks like the MSCI US REIT Index could assess their performance in real estate investments.

Stakeholder Impact

• Shareholders can use this information to understand the investment strategy of Cullen/Frost Bankers, Inc.
• The filing provides insights into the types of securities the company invests in, which can be useful for stakeholders assessing the firm's risk profile.

Key Dates