CULLEN CAPITAL MANAGEMENT, LLC

PrivateCIK: 1362535

Location

NEW YORK, NY

208

Positions

$10.17B

Total AUM (reported)

129.08M

Total Shares

Allocation by class

COM$8.74B85.9%

ADR$1.43B14.1%

Portfolio Concentration

Top 3$914.52M9.0%

4–10$1.81B17.8%

11–25$3.07B30.2%

Rest$4.37B43.0%

Top 3 weight

9.0%

Top 10 weight

26.8%

Voting Authority Distribution

Total shares with voting rights: 129.08M

Sole

Full voting authority

97.51M

% of voting shares75.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

31.57M

% of voting shares24.5%

Investment Discretion (by position count)

Sole208

Shared0

Other0

Dominant voting typeSole · 75.5% of voting shares

Institutional Holdings208

Rows:

Novartis AG (ADR)

SOLE

ADR

Shares2.03M

TypeSH

Market value$318.62M

3.13%

Sole

1.35M

Shared

0.00

None

678.21K

Cisco Systems Inc.

SOLE

COM

Shares2.56M

TypeSH

Market value$300.42M

2.95%

Sole

1.80M

Shared

0.00

None

758.16K

Morgan Stanley

SOLE

COM

Shares1.41M

TypeSH

Market value$295.48M

2.91%

Sole

996.01K

Shared

0.00

None

417.51K

Johnson & Johnson

SOLE

COM

Shares1.10M

TypeSH

Market value$279.13M

2.75%

Sole

745.85K

Shared

0.00

None

353.22K

Citigroup Inc.

SOLE

COM

Shares1.93M

TypeSH

Market value$270.02M

2.66%

Sole

1.42M

Shared

0.00

None

510.79K

JP Morgan Chase & Co.

SOLE

COM

Shares810.78K

TypeSH

Market value$265.39M

2.61%

Sole

545.22K

Shared

0.00

None

265.56K

Merck & Co. Inc.

SOLE

COM

Shares2.02M

TypeSH

Market value$259.16M

2.55%

Sole

1.49M

Shared

0.00

None

523.34K

Bank of America Corp.

SOLE

COM

Shares4.34M

TypeSH

Market value$247.05M

2.43%

Sole

2.91M

Shared

0.00

None

1.42M

Duke Energy Corp.

SOLE

COM

Shares1.93M

TypeSH

Market value$244.73M

2.41%

Sole

1.44M

Shared

0.00

None

496.98K

Johnson Controls International

SOLE

COM

Shares1.67M

TypeSH

Market value$244.21M

2.40%

Sole

1.13M

Shared

0.00

None

543.86K

General Dynamics Corp.

SOLE

COM

Shares675.36K

TypeSH

Market value$239.24M

2.35%

Sole

487.89K

Shared

0.00

None

187.47K

Chubb Ltd.

SOLE

COM

Shares674.69K

TypeSH

Market value$229.89M

2.26%

Sole

455.56K

Shared

0.00

None

219.14K

Truist Financial Corp

SOLE

COM

Shares4.47M

TypeSH

Market value$222.89M

2.19%

Sole

3.30M

Shared

0.00

None

1.17M

RTX Corp

SOLE

COM

Shares1.15M

TypeSH

Market value$218.45M

2.15%

Sole

826.37K

Shared

0.00

None

325.02K

Philip Morris International In

SOLE

COM

Shares1.20M

TypeSH

Market value$216.66M

2.13%

Sole

800.95K

Shared

0.00

None

396.69K

NextEra Energy Inc.

SOLE

COM

Shares2.42M

TypeSH

Market value$212.31M

2.09%

Sole

1.59M

Shared

0.00

None

825.96K

Healthpeak Properties Inc

SOLE

COM

Shares9.77M

TypeSH

Market value$209.05M

2.06%

Sole

7.15M

Shared

0.00

None

2.62M

ExxonMobil Holdings Corp.

SOLE

COM

Shares1.49M

TypeSH

Market value$203.99M

2.01%

Sole

1.13M

Shared

0.00

None

358.49K

Medtronic PLC

SOLE

COM

Shares2.59M

TypeSH

Market value$202.76M

1.99%

Sole

1.94M

Shared

0.00

None

656.70K

Broadcom Ltd.

SOLE

COM

Shares532.12K

TypeSH

Market value$201.01M

1.98%

Sole

355.37K

Shared

0.00

None

176.75K

UnitedHealth Group Inc.

SOLE

COM

Shares475.52K

TypeSH

Market value$197.64M

1.94%

Sole

373.67K

Shared

0.00

None

101.85K

Vici Properties Inc.

SOLE

COM

Shares6.97M

TypeSH

Market value$185.04M

1.82%

Sole

5.37M

Shared

0.00

None

1.60M

ConocoPhillips

SOLE

COM

Shares1.75M

TypeSH

Market value$181.79M

1.79%

Sole

1.35M

Shared

0.00

None

400.94K

United Parcel Service Inc.

SOLE

COM

Shares1.66M

TypeSH

Market value$178.07M

1.75%

Sole

1.23M

Shared

0.00

None

424.69K

Qualcomm Inc.

SOLE

COM

Shares939.60K

TypeSH

Market value$173.63M

1.71%

Sole

701.08K

Shared

0.00

None

238.52K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Novartis AG (ADR)SOLE	ADR	2.03M	SH	$318.62M 3.13%	1.35M	678.21K
Cisco Systems Inc.SOLE	COM	2.56M	SH	$300.42M 2.95%	1.80M	758.16K
Morgan StanleySOLE	COM	1.41M	SH	$295.48M 2.91%	996.01K	417.51K
Johnson & JohnsonSOLE	COM	1.10M	SH	$279.13M 2.75%	745.85K	353.22K
Citigroup Inc.SOLE	COM	1.93M	SH	$270.02M 2.66%	1.42M	510.79K
JP Morgan Chase & Co.SOLE	COM	810.78K	SH	$265.39M 2.61%	545.22K	265.56K
Merck & Co. Inc.SOLE	COM	2.02M	SH	$259.16M 2.55%	1.49M	523.34K
Bank of America Corp.SOLE	COM	4.34M	SH	$247.05M 2.43%	2.91M	1.42M
Duke Energy Corp.SOLE	COM	1.93M	SH	$244.73M 2.41%	1.44M	496.98K
Johnson Controls InternationalSOLE	COM	1.67M	SH	$244.21M 2.40%	1.13M	543.86K
General Dynamics Corp.SOLE	COM	675.36K	SH	$239.24M 2.35%	487.89K	187.47K
Chubb Ltd.SOLE	COM	674.69K	SH	$229.89M 2.26%	455.56K	219.14K
Truist Financial CorpSOLE	COM	4.47M	SH	$222.89M 2.19%	3.30M	1.17M
RTX CorpSOLE	COM	1.15M	SH	$218.45M 2.15%	826.37K	325.02K
Philip Morris International InSOLE	COM	1.20M	SH	$216.66M 2.13%	800.95K	396.69K
NextEra Energy Inc.SOLE	COM	2.42M	SH	$212.31M 2.09%	1.59M	825.96K
Healthpeak Properties IncSOLE	COM	9.77M	SH	$209.05M 2.06%	7.15M	2.62M
ExxonMobil Holdings Corp.SOLE	COM	1.49M	SH	$203.99M 2.01%	1.13M	358.49K
Medtronic PLCSOLE	COM	2.59M	SH	$202.76M 1.99%	1.94M	656.70K
Broadcom Ltd.SOLE	COM	532.12K	SH	$201.01M 1.98%	355.37K	176.75K
UnitedHealth Group Inc.SOLE	COM	475.52K	SH	$197.64M 1.94%	373.67K	101.85K
Vici Properties Inc.SOLE	COM	6.97M	SH	$185.04M 1.82%	5.37M	1.60M
ConocoPhillipsSOLE	COM	1.75M	SH	$181.79M 1.79%	1.35M	400.94K
United Parcel Service Inc.SOLE	COM	1.66M	SH	$178.07M 1.75%	1.23M	424.69K
Qualcomm Inc.SOLE	COM	939.60K	SH	$173.63M 1.71%	701.08K	238.52K

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