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Cullen/Frost Bankers, Inc.

CFR
Exchange
NYSE
Industry
National Commercial Banks
SEC CIK
0000039263

No open-market purchases or sales by Cullen/Frost Bankers, Inc. insiders were filed in the last 90 days; 572 institutions reported holding it in 13F filings for Q2 2026, worth $8.83B in total; no superinvestor holds it.

Other share classesCFR.PB

13F holders, Q3 2025

Institutional positions in Cullen/Frost Bankers, Inc. as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
480
+6 vs. Q2 2025
Shares held
55.8M
+2.49M (+4.7%) vs. Q2 2025
Total value
$7.08B
+$221.3M (+3.2%) vs. Q2 2025
New holders
53
169 more added
Sold out
47
159 more reduced

7 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting CFR on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 480 institutions
Q1 2021: 320 institutionsQ2 2021: 328 institutionsQ3 2021: 332 institutionsQ4 2021: 372 institutionsQ1 2022: 383 institutionsQ2 2022: 408 institutionsQ3 2022: 417 institutionsQ4 2022: 455 institutionsQ1 2023: 412 institutionsQ2 2023: 371 institutionsQ3 2023: 382 institutionsQ4 2023: 408 institutionsQ1 2024: 410 institutionsQ2 2024: 398 institutionsQ3 2024: 440 institutionsQ4 2024: 458 institutionsQ1 2025: 482 institutionsQ2 2025: 481 institutionsQ3 2025: 480 institutionsQ4 2025: 529 institutionsQ1 2026: 543 institutionsQ2 2026: 572 institutions
Value heldQ3 2025: $7.08B
Q1 2021: $5.67BQ2 2021: $5.86BQ3 2021: $6.31BQ4 2021: $6.61BQ1 2022: $7.26BQ2 2022: $5.92BQ3 2022: $7.05BQ4 2022: $7.03BQ1 2023: $5.60BQ2 2023: $5.75BQ3 2023: $4.74BQ4 2023: $5.67BQ1 2024: $5.82BQ2 2024: $5.32BQ3 2024: $6.27BQ4 2024: $7.46BQ1 2025: $6.76BQ2 2025: $6.95BQ3 2025: $7.08BQ4 2025: $6.97BQ1 2026: $7.54BQ2 2026: $8.83B
Institutions holding CFR and their total value by quarter
QuarterHoldersValue
Q2 2026572$8.83B
Q1 2026543$7.54B
Q4 2025529$6.97B
Q3 2025480$7.08B
Q2 2025481$6.95B
Q1 2025482$6.76B
Q4 2024458$7.46B
Q3 2024440$6.27B
Q2 2024398$5.32B
Q1 2024410$5.82B
Q4 2023408$5.67B
Q3 2023382$4.74B
Q2 2023371$5.75B
Q1 2023412$5.60B
Q4 2022455$7.03B
Q3 2022417$7.05B
Q2 2022408$5.92B
Q1 2022383$7.26B
Q4 2021372$6.61B
Q3 2021332$6.31B
Q2 2021328$5.86B
Q1 2021320$5.67B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Cullen/Frost Bankers, Inc.; share changes are against Q2 2025.

Institutions holding CFR in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Vanguard Group Inc6,490,753$822.8M0.01%−40,262−0.6%Reduced
BlackRock, Inc.6,196,252$785.5M0.01%+185,469+3.1%Added
Aristotle Capital Management, LLC5,280,713$669.4M1.29%−318,099−5.7%Reduced
State Street Corp3,373,476$427.7M0.01%−62,696−1.8%Reduced
Champlain Investment Partners, LLC1,689,642$214.2M1.62%−44,580−2.6%Reduced
Neuberger Berman Group LLC1,419,113$179.9M0.13%+94,874+7.2%Added
King Luther Capital Management Corp1,354,195$171.7M0.71%−51,410−3.7%Reduced
FMR LLC1,317,008$167.0M0.01%+14,020+1.1%Added
Geode Capital Management, LLC1,214,019$153.9M0.01%+59,453+5.1%Added
Dimensional Fund Advisors LP1,187,406$150.5M0.03%+77,028+6.9%Added
Bank of America Corp1,129,673$143.2M0.01%+88,080+8.5%Added
Boston Trust Walden Corp1,091,937$138.4M1.02%−8,419−0.8%Reduced
Janus Henderson Group PLC1,055,985$133.9M0.06%+1,025+0.1%Added
Westwood Holdings Group Inc.996,401$126.3M0.90%+556,508+126.5%Added
Northern Trust Corp965,821$122.4M0.02%+21,793+2.3%Added
Impax Asset Management Group plc920,833$116.7M0.68%+97,955+11.9%Added
Vaughan Nelson Investment Management, L.P.831,752$105.4M0.96%+25,000+3.1%Added
First Trust Advisors LP705,101$89.4M0.07%+52,094+8.0%Added
Principal Financial Group Inc701,963$89.0M0.04%−71,927−9.3%Reduced
JPMorgan Chase & Co672,782$85.3M0.01%−84,573−11.2%Reduced
Goldman Sachs Group Inc636,835$80.7M0.01%−72,848−10.3%Reduced
Manufacturers Life Insurance Company, The636,414$80.7M0.07%−106,567−14.3%Reduced
Bank of New York Mellon Corp571,694$72.5M0.01%−39,976−6.5%Reduced
SEI Investments Co568,358$72.1M0.08%+20,864+3.8%Added
Charles Schwab Investment Management Inc527,830$66.9M0.01%−11,915−2.2%Reduced
Morgan Stanley477,036$60.5M0.00%+1,313+0.3%Added
Royal Bank of Canada444,372$56.3M0.01%+28,315+6.8%Added
GW&K Investment Management, LLC400,040$50.7M0.45%+46,299+13.1%Added
Madison Asset Management, LLC377,226$47.8M0.53%−3,953−1.0%Reduced
Two Sigma Investments, LP373,977$47.4M0.07%+356,373+2,024.4%Added
Natixis Advisors, L.P.365,370$46.3M0.07%+36,952+11.3%Added
UBS Group AG349,601$44.3M0.01%+232,077+197.5%Added
Bartlett & Co. Wealth Management LLC339,921$43.1M0.57%−42,516−11.1%Reduced
Alberta Investment Management Corp330,000$41.8M0.30%+30,000+10.0%Added
Jacobs Levy Equity Management, Inc300,715$38.1M0.15%−27,502−8.4%Reduced
Envestnet Asset Management Inc276,117$35.0M0.01%+20,783+8.1%Added
Palisade Capital Management LLC264,635$33.5M0.91%−3,299−1.2%Reduced
ProShare Advisors LLC258,582$32.8M0.07%−29,168−10.1%Reduced
Polaris Capital Management, LLC247,900$31.4M2.07%−6,200−2.4%Reduced
Fiera Capital Corp234,824$29.8M0.10%+234,824New
Millennium Management LLC234,179$29.7M0.02%+234,179New
Wellington Management Group LLP221,777$28.1M0.00%+73,997+50.1%Added
TCTC Holdings, LLC218,220$27.7M0.82%−12,050−5.2%Reduced
Deprince Race & Zollo Inc206,076$26.1M0.52%−69,323−25.2%Reduced
Two Sigma Advisers, LP199,700$25.3M0.05%+195,700+4,892.5%Added
Public Employees Retirement Association of Colorado198,050$25.1M0.09%+30,300+18.1%Added
New York State Common Retirement Fund189,200$24.0M0.03%+59,501+45.9%Added
Formuepleje A/S184,463$23.4M1.32%+115,332+166.8%Added
Raymond James Financial Inc181,215$23.0M0.01%+14,188+8.5%Added
Arrowstreet Capital, Limited Partnership179,525$22.8M0.01%+79,157+78.9%Added
Rhumbline Advisers162,997$20.7M0.02%−2,948−1.8%Reduced
Retirement Systems of Alabama162,574$20.6M0.07%−801−0.5%Reduced
Wells Fargo & Company160,326$20.3M0.00%+24,246+17.8%Added
Ameriprise Financial Inc152,644$19.3M0.00%+24,296+18.9%Added
Lido Advisors, LLC149,289$18.9M0.08%+6,212+4.3%Added
UBS Asset Management Americas Inc144,682$18.3M0.00%−84,816−37.0%Reduced
Bridgewater Associates, LP138,524$17.6M0.07%+73,402+112.7%Added
Renaissance Technologies LLC138,400$17.5M0.02%+72,000+108.4%Added
D. E. Shaw & Co., Inc.135,278$17.1M0.01%+119,440+754.1%Added
Alliancebernstein L.P.134,096$17.0M0.01%−3,576−2.6%Reduced
Point72 Asset Management, L.P.127,935$16.2M0.04%+127,935New
Invesco Ltd.123,765$15.7M0.00%−2,275−1.8%Reduced
Swiss National Bank118,400$15.0M0.01%+1,800+1.5%Added
Sprucegrove Investment Management Ltd113,630$14.4M1.16%−12,000−9.6%Reduced
Ceredex Value Advisors LLC109,450$13.9M0.32%−9,782−8.2%Reduced
Barclays PLC108,382$13.7M0.01%+45,469+72.3%Added
AQR Capital Management LLC107,959$13.7M0.01%−53,220−33.0%Reduced
California Public Employees Retirement System105,770$13.4M0.01%+1,210+1.2%Added
First National Bank of Omaha102,199$13.0M0.82%−591−0.6%Reduced
Russell Investments Group, Ltd.99,370$12.6M0.01%−2,864−2.8%Reduced
Legal & General Group Plc97,172$12.3M0.00%−3,518−3.5%Reduced
M&T Bank Corp96,164$12.2M0.04%−6,816−6.6%Reduced
Commonwealth Equity Services, LLC86,222$10.9M0.01%+275+0.3%Added
Verition Fund Management LLC85,690$10.9M0.06%−373−0.4%Reduced
Citadel Advisors LLC77,619$9.84M0.01%+48,989+171.1%Added
Nuveen, LLC77,104$9.77M0.00%−1,029−1.3%Reduced
Rafferty Asset Management, LLC76,964$9.76M0.03%+10,727+16.2%Added
New York State Teachers Retirement System75,732$9.60M0.02%00.0%Unchanged
Whittier Trust Co66,727$8.45M0.10%+998+1.5%Added
Martin Capital Partners, LLC65,969$8.36M3.24%−1,061−1.6%Reduced
WealthPlan Investment Management, LLC61,989$7.86M0.52%−1,082−1.7%Reduced
Cerity Partners LLC60,721$7.70M0.01%−5,615−8.5%Reduced
Stifel Financial Corp60,696$7.69M0.01%+7,424+13.9%Added
LPL Financial LLC58,788$7.45M0.00%−4,294−6.8%Reduced
Hilton Capital Management, LLC56,201$7.12M0.58%+3,125+5.9%Added
California State Teachers Retirement System56,171$7.12M0.01%+30.0%Added
Lawson Kroeker Investment Management Inc53,959$6.84M1.25%−110.0%Reduced
Greenfield Seitz Capital Management, LLC53,763$6.82M2.20%+969+1.8%Added
Rowland & Co Investment Counsel53,704$6.81M1.34%+981+1.9%Added
Citigroup Inc53,684$6.81M0.00%+362+0.7%Added
Argent Trust Co53,511$6.78M0.24%+1,569+3.0%Added
STRS Ohio51,522$6.53M0.02%+10.0%Added
Price T Rowe Associates Inc49,254$6.25M0.00%+3,076+6.7%Added
Franklin Resources Inc49,019$6.21M0.00%−5,291−9.7%Reduced
Great West Life Assurance Co48,735$6.20M0.01%+794+1.7%Added
Oak Harvest Investment Services44,042$5.58M0.65%+1,356+3.2%Added
Mairs & Power Inc43,503$5.51M0.05%+75+0.2%Added
Tudor Investment Corp Et Al43,036$5.46M0.04%+38,796+915.0%Added
Fifth Third Bancorp42,446$5.38M0.02%+3,182+8.1%Added
American Century Companies Inc41,189$5.22M0.00%+2,715+7.1%Added