CULLEN/FROST BANKERS, INC.

Period ended Sep 30, 2026 · Latest filing Oct 28, 2026

These quarterly holdings are delayed and may not include all assets or short positions. Values are from the reporting date, not current prices or purchase costs. The same security may appear in multiple rows.

Source: SEC

Reported portfolio value

Quarter-end reported holdings; not current value or investment performance.

View reported values

Sep 30, 2026: $10,215,112,934

More quarters will appear as history becomes available.

Top holdings

Top 10 at Sep 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.

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View top holdings values

APPLE INC COM · DOMESTIC COMMON STOCK · 037833100 · shares: $621,597,241
MICROSOFT CORP COM · DOMESTIC COMMON STOCK · 594918104 · shares: $461,744,870
PUTNAM ETF TRUST FOCUSED LAR CAP · DOMESTIC LARGE CAP FUND-ETF · 746729300 · shares: $459,267,206
NVIDIA CORPORATION COM · DOMESTIC COMMON STOCK · 67066G104 · shares: $406,354,793
VANGUARD INDEX FDS MRNGSTR GRWT ETF · DOMESTIC LARGE CAP FUND-ETF · 922908736 · shares: $371,482,146
ISHARES INC MSCI EMRG CHN · INTL EMERGING MKTS FUND-ETF · 46434G764 · shares: $305,140,517
AMAZON COM INC COM · DOMESTIC COMMON STOCK · 023135106 · shares: $225,461,516
ALPHABET INC CAP STK CL A · DOMESTIC COMMON STOCK · 02079K305 · shares: $213,130,978
ISHARES TR MSCI EAFE ETF · INTL DEVELOPED MKTS FUND-ETF · 464287465 · shares: $210,364,974
BROADCOM INC COM · DOMESTIC COMMON STOCK · 11135F101 · shares: $192,169,686

Reported holdings

1,477 reported entries

Issuer	Class	CUSIP	Type	Shares / principal	Reported value (USD)
SLB LIMITED COM STK	INTL COMMON STOCK	806857108	—	16,396 shares	$798,822
TRUIST FINL CORP COM	DOMESTIC COMMON STOCK	89832Q109	—	17,215 shares	$797,038
ISHARES TR TIPS BD ETF	DOMESTIC TAXABLE INVT GRADE-ETF	464287176	—	7,657 shares	$796,634
ESSENTIAL UTILS INC COM	DOMESTIC COMMON STOCK	29670G102	—	20,200 shares	$791,638
FIDELITY MERRIMACK STR TR CORP BOND ETF	EQUITIES	316188101	—	17,652 shares	$787,990
FIDELITY COVINGTON TRUST LOW VOLITY ETF	EQUITIES	316092824	—	10,927 shares	$772,086
SPDR SERIES TRUST ST STR SP600 SML	DOMESTIC SMALL CAP FUND-ETF	78468R853	—	14,424 shares	$762,453
FIDELITY COVINGTON TRUST QLTY FCTOR ETF	EQUITIES	316092790	—	9,145 shares	$761,314
SONY GROUP CORP SPONSORED ADR	INTL COMMON STOCK	835699307	—	31,895 shares	$750,489
BANK OF HI CORP COM	DOMESTIC COMMON STOCK	062540109	—	10,861 shares	$748,540
INVESCO ACTIVELY MANAGED EXC TOTAL RETURN	EQUITIES	46090A804	—	16,403 shares	$731,393
SYNOPSYS INC COM	DOMESTIC COMMON STOCK	871607107	—	1,670 shares	$726,350
ISHARES TR ISHS 5-10YR INVT	DOMESTIC TAXABLE INVT GRADE-ETF	464288638	—	14,332 shares	$721,601
SYSCO CORP COM	DOMESTIC COMMON STOCK	871829107	—	9,206 shares	$717,736
MARTIN MARIETTA MATLS INC COM	DOMESTIC COMMON STOCK	573284106	—	1,488 shares	$713,765
BLACK STONE MINERALS L P COM UNIT	MLP PUBLIC EXCHANGE (K-1)	09225M101	—	49,649 shares	$710,974
INVESCO EXCH TRADED FD TR II TAXABLE MUN BD	EQUITIES	46138G805	—	28,066 shares	$710,059
PPG INDS INC COM	DOMESTIC COMMON STOCK	693506107	—	6,725 shares	$701,596
FIRST TR EXCHANGE-TRADED ALP COM SHS	EQUITIES	33735K108	—	3,949 shares	$700,512
VANGUARD INDEX FDS MRNGSTR MD CP GR	DOMESTIC MID CAP FUND-ETF	922908538	—	2,368 shares	$691,611
REGENERON PHARMACEUTICALS COM	DOMESTIC COMMON STOCK	75886F107	—	901 shares	$683,209
AVERY DENNISON CORP COM	DOMESTIC COMMON STOCK	053611109	—	4,003 shares	$683,192
WW GRAINGER INC COM	DOMESTIC COMMON STOCK	384802104	—	546 shares	$679,598
FRANKLIN TEMPLETON ETF TR US CORE BOND ETF	EQUITIES	35473P553	—	33,027 shares	$674,580
YUM BRANDS INC COM	DOMESTIC COMMON STOCK	988498101	—	4,944 shares	$674,061
AFLAC INC COM	DOMESTIC COMMON STOCK	001055102	—	6,008 shares	$671,565
INVESCO EXCHANGE TRADED FD T S&P MDCP QUALITY	EQUITIES	46137V472	—	5,946 shares	$663,847
SPDR SERIES TRUST ST STR MSCI USAQ	DOMESTIC LARGE CAP FUND-ETF	78468R812	—	3,483 shares	$662,153
DOMINION ENERGY INC COM	DOMESTIC COMMON STOCK	25746U109	—	10,907 shares	$660,090
FIRST TR EXCHANGE-TRADED FD SHS	DOMESTIC SECTOR FUND-ETF	337345102	—	1,997 shares	$658,485
ALNYLAM PHARMACEUTICALS INC COM	DOMESTIC COMMON STOCK	02043Q107	—	2,639 shares	$651,147
JABIL INC COM	DOMESTIC COMMON STOCK	466313103	—	2,269 shares	$650,851
KINDER MORGAN INC DEL COM	DOMESTIC COMMON STOCK	49456B101	—	21,418 shares	$645,748
SCHWAB STRATEGIC TR US BRD MKT ETF	EQUITIES	808524102	—	21,450 shares	$628,700
CAPITAL GRP FIXED INCM ETF T HIGH YIELD BOND	EQUITIES	14020Y870	—	25,707 shares	$626,740
AMRIZE LTD SHS	INTL COMMON STOCK	H2927K103	—	16,517 shares	$617,571
ISHARES TR MORNINGSTAR GRWT	EQUITIES	464287119	—	5,197 shares	$607,924
SEI INVTS CO COM	DOMESTIC COMMON STOCK	784117103	—	5,891 shares	$604,770
PACKAGING CORP AMER COM	DOMESTIC COMMON STOCK	695156109	—	2,637 shares	$604,591
REALTY INCOME CORP COM	DOMESTIC REITS	756109104	—	11,112 shares	$603,387
EBAY INC. COM	DOMESTIC COMMON STOCK	278642103	—	5,618 shares	$595,768
PACCAR INC COM	DOMESTIC COMMON STOCK	693718108	—	5,377 shares	$590,472
ISHARES TR 20 YEAR TR BD	EQUITIES	46436E338	—	28,996 shares	$587,755
DELL TECHNOLOGIES INC CL C	DOMESTIC COMMON STOCK	24703L202	—	1,086 shares	$584,331
STATE STR SPDR S&P MIDCAP 40 UTSER1 S&PDCRP	DOMESTIC MID CAP FUND-ETF	78467Y107	—	888 shares	$583,158
VANECK ETF TRUST MRNGSTR WDE MOAT	DOMESTIC LARGE CAP FUND-ETF	92189F643	—	5,434 shares	$574,433
GE HEALTHCARE TECHNOLOGIES I COMMON STOCK	DOMESTIC COMMON STOCK	36266G107	—	8,752 shares	$572,122
ISHARES TR CORE S&P TTL STK	DOMESTIC MULTI CAP FUND-ETF	464287150	—	3,421 shares	$568,844
ISHARES TR 10 YR INVST GRD	EQUITIES	464289511	—	12,289 shares	$561,134
ISHARES SILVER TR ISHARES	DOMESTIC ACS FUND-ETF	46428Q109	—	10,245 shares	$558,455
ISHARES TR US TREAS BD ETF	DOMESTIC TAXABLE INVT GRADE-ETF	46429B267	—	25,121 shares	$549,392
CANADIAN NATL RY CO COM	INTL COMMON STOCK	136375102	—	4,550 shares	$541,035
REPUBLIC SVCS INC COM	DOMESTIC COMMON STOCK	760759100	—	2,553 shares	$535,862
VANGUARD WHITEHALL FDS INTL DVD ETF	INTL DEVELOPED MKTS FUND-ETF	921946810	—	5,640 shares	$532,497
TAPESTRY INC COM	DOMESTIC COMMON STOCK	876030107	—	4,623 shares	$531,801
AMEREN CORP COM	DOMESTIC COMMON STOCK	023608102	—	5,244 shares	$521,114
FIRST TR EXCHANGE-TRADED FD CORE INVESTMENT	EQUITIES	33738D788	—	26,321 shares	$519,567
WORKDAY INC CL A	DOMESTIC COMMON STOCK	98138H101	—	2,712 shares	$516,528
CAPITAL GRP FIXED INCM ETF T SHORT DURATION	EQUITIES	14020Y409	—	20,399 shares	$515,083
NIKE INC CL B	DOMESTIC COMMON STOCK	654106103	—	14,514 shares	$513,801
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS	DOMESTIC TAXABLE INVT GRADE-ETF	92206C102	—	8,865 shares	$510,294
VANGUARD WORLD FD MRNGSTR CAP ETF	DOMESTIC LARGE CAP FUND-ETF	921910873	—	1,800 shares	$508,158
ARES CAPITAL CORP COM	DOMESTIC COMMON STOCK	04010L103	—	26,582 shares	$507,716
NORTHROP GRUMMAN CORP COM	DOMESTIC COMMON STOCK	666807102	—	1,046 shares	$505,582
FIDELITY COVINGTON TRUST ENHANCED SML CAP	DOMESTIC SMALL CAP FUND-ETF	31609A206	—	11,242 shares	$505,346
CAPITAL GRP FIXED INCM ETF T INTERNATIONAL BD	EQUITIES	14020Y706	—	19,906 shares	$495,663
CSX CORP COM	DOMESTIC COMMON STOCK	126408103	—	10,609 shares	$493,422
PAYCHEX INC COM	DOMESTIC COMMON STOCK	704326107	—	5,007 shares	$493,166
WASTE CONNECTIONS INC COM	INTL COMMON STOCK	94106B101	—	3,200 shares	$492,503
SUNOCO LP/SUNOCO FIN CORP COM UT REP LP	MLP PUBLIC EXCHANGE (K-1)	86765K109	—	6,606 shares	$481,379
BLUE OWL TECHNOLOGY FIN CORP COMMON STOCK	DOMESTIC COMMON STOCK	095924106	—	48,741 shares	$478,149
WESTERN DIGITAL CORP COM	DOMESTIC COMMON STOCK	958102105	—	1,047 shares	$475,740
INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF	EQUITIES	46138G649	—	1,550 shares	$472,048
GABELLI DIVID & INCOME TR COM	DOMESTIC MULTI CAP FUND-CLOSED ENDED	36242H104	—	16,650 shares	$471,037
FIDELITY COVINGTON TRUST SML MID MLTFCT	EQUITIES	316092527	—	9,539 shares	$469,041
ISHARES TR EXPND TEC SC ETF	EQUITIES	464287549	—	2,763 shares	$467,129
SPDR SERIES TRUST ST LON TREAS ETF	DOMESTIC TAXABLE INVT GRADE-ETF	78464A664	—	19,487 shares	$464,758
DAVITA INC COM	DOMESTIC COMMON STOCK	23918K108	—	2,650 shares	$463,538
ALCON AG ORD SHS	INTL COMMON STOCK	H01301128	—	7,141 shares	$462,380
ISHARES TR ISHS 1-5YR INVS	DOMESTIC TAXABLE INVT GRADE-ETF	464288646	—	9,000 shares	$461,070
FIDELITY COVINGTON TRUST BLUE CHIP VALUE	EQUITIES	316092345	—	11,093 shares	$456,794
VANGUARD SCOTTSDALE FDS INTER TERM TREAS	DOMESTIC TAXABLE INVT GRADE-ETF	92206C706	—	7,882 shares	$446,594
HERSHEY CO COM	DOMESTIC COMMON STOCK	427866108	—	2,809 shares	$442,759
SMUCKER J M CO COM NEW	DOMESTIC COMMON STOCK	832696405	—	3,712 shares	$441,394
J P MORGAN EXCHANGE TRADED F ULTRA SHRT ETF	GLOBAL TAXABLE BOND FUND-ETF	46641Q837	—	8,761 shares	$441,291
SPDR SERIES TRUST ST STR SP DIV	DOMESTIC LARGE CAP FUND-ETF	78464A763	—	2,996 shares	$438,854
FIRST TR EXCHNG TRADED FD VI MULTI STRATEGY	EQUITIES	33740F490	—	17,536 shares	$433,320
FIRST TR EXCHANGE TRADED FD NASD TECH DIV	EQUITIES	33738R118	—	3,827 shares	$431,754
ISHARES TR US TRSPRTION	EQUITIES	464287192	—	5,494 shares	$431,419
WILLIAMS COS INC COM	DOMESTIC COMMON STOCK	969457100	—	6,254 shares	$425,054
ISHARES TR RUS 1000 ETF	DOMESTIC LARGE CAP FUND-ETF	464287622	—	1,015 shares	$422,447
BECTON DICKINSON & CO COM	DOMESTIC COMMON STOCK	075887109	—	2,356 shares	$421,801
CUBESMART COM	DOMESTIC REITS	229663109	—	11,195 shares	$420,708
ISHARES INC MSCI BRAZIL ETF	INTL EMERGING MKTS FUND-ETF	464286400	—	11,199 shares	$417,163
DEVON ENERGY CORP NEW COM	DOMESTIC COMMON STOCK	25179M103	—	8,879 shares	$408,792
INVESCO EXCH TRADED FD TR II S&P 500 REVENUE	EQUITIES	46138G698	—	3,164 shares	$407,124
SCHWAB STRATEGIC TR INTL EQTY ETF	INTL DEVELOPED MKTS FUND-ETF	808524805	—	14,748 shares	$405,117
AMERICAN CENTY ETF TR INTL EQT ETF	INTL DEVELOPED MKTS FUND-ETF	025072703	—	4,474 shares	$403,140
SSGA ACTIVE ETF TR ST STR BL LN ETF	DOMESTIC TAXABLE HIGH YIELD FUND-ETF	78467V608	—	9,930 shares	$401,087
SPDR SERIES TRUST ST PORT HIGH ETF	DOMESTIC TAXABLE HIGH YIELD FUND-ETF	78468R606	—	17,499 shares	$395,296