SCHEDULE: Vanguard Discloses 5.13% Stake in Cullen/Frost Bankers

Vanguard Portfolio Management has reported beneficial ownership of 5.13% of Cullen/Frost Bankers Inc. common stock as of March 31, 2026.

Summary

• Vanguard Portfolio Management, along with its affiliates Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, has disclosed a beneficial ownership stake of 3,233,261 shares in Cullen/Frost Bankers Inc.
• This stake represents 5.13% of the company's common stock.
• The filing indicates that Vanguard Portfolio Management has sole dispositive power over 3,233,261 shares and sole voting power over 8,442 shares.
• The reporting date for this ownership is March 31, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of ownership by a major institutional investor and does not contain operational or financial performance data.

Positives

• Vanguard's significant stake suggests confidence in Cullen/Frost Bankers' long-term prospects.
• The disclosure of sole dispositive power indicates clear control over the shares held.

Negatives

• The filing does not contain any negative financial or operational information about Cullen/Frost Bankers.

Risks

• The filing does not explicitly mention any risks associated with Cullen/Frost Bankers.

Future Outlook

The filing is a disclosure of current ownership and does not contain forward-looking statements or guidance regarding Cullen/Frost Bankers' future performance.

Management Comments

• "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC."
• "This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power."
• "This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC, or business divisions of such subsidiaries whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release."
• "Vanguard Portfolio Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that large institutional investors like Vanguard filing Schedule 13G forms often signal significant, albeit passive, investment in a company. This particular filing indicates Vanguard's substantial position in the regional banking sector through its investment in Cullen/Frost Bankers.

Stakeholder Impact

• Shareholders of Cullen/Frost Bankers: The disclosure confirms a significant institutional investor's stake, which can be viewed positively for stability and potential future investment.
• Vanguard Investors: The filing confirms the allocation of assets within Vanguard's managed funds towards Cullen/Frost Bankers.

Next Steps

• Vanguard will continue to hold or manage its stake in Cullen/Frost Bankers according to its investment strategies.
• Cullen/Frost Bankers will continue its operations as a regional bank.

Key Dates

Keywords

Cullen/Frost Bankers, Vanguard Portfolio Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, Financial Services, SEC Filing