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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
Atria Investments LLC12,960$1.64M0.02%+1,364+11.8%Added
Oregon Public Employees Retirement Fund12,981$1.65M0.02%−207−1.6%Reduced
New Mexico Educational Retirement Board13,100$1.66M0.05%00.0%Unchanged
Diversified Trust Co13,794$1.75M0.03%+245+1.8%Added
Neville Rodie & Shaw Inc13,974$1.77M0.13%00.0%Unchanged
Cetera Investment Advisers14,113$1.79M0.00%+5,449+62.9%Added
Northwestern Mutual Investment Management Company, LLC14,338$1.82M0.03%−15−0.1%Reduced
Summit Trail Advisors, LLC14,449$1.83M0.03%+10,663+281.6%Added
HighTower Advisors, LLC14,462$1.83M0.00%+1,306+9.9%Added
Trexquant Investment LP14,475$1.83M0.02%−11,877−45.1%Reduced
Sanctuary Advisors, LLC14,494$1.84M0.01%−466−3.1%Reduced
First American Bank14,809$1.88M0.12%00.0%Unchanged
Creative Planning14,991$1.90M0.00%−58−0.4%Reduced
Wiley Bros.-Aintree Capital, LLC15,055$1.91M0.01%+823+5.8%Added
State of Michigan Retirement System15,364$1.95M0.01%−100−0.6%Reduced
Granite Investment Partners, LLC15,599$1.98M0.11%+15,599New
Teacher Retirement System of Texas15,933$2.02M0.01%+317+2.0%Added
Bank of Montreal16,106$2.04M0.00%−565−3.4%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys16,509$2.09M0.01%−9−0.1%Reduced
State of New Jersey Common Pension Fund D16,851$2.14M0.01%+162+1.0%Added
CI Private Wealth, LLC16,863$2.14M0.00%−26−0.2%Reduced
Brevan Howard Capital Management LP17,075$2.16M0.03%+5,189+43.7%Added
Bessemer Group Inc17,343$2.20M0.00%+3,512+25.4%Added
Oddo BHF Asset Management SAS17,348$2.20M0.08%−622−3.5%Reduced
Pathstone Holdings, LLC17,507$2.22M0.01%−235−1.3%Reduced
Louisiana State Employees Retirement System17,900$2.27M0.04%−200−1.1%Reduced
Cardinal Capital Management18,036$2.29M0.32%+212+1.2%Added
Arizona State Retirement System18,072$2.29M0.01%+249+1.4%Added
Kestra Advisory Services, LLC18,473$2.34M0.01%+15,795+589.8%Added
SG Americas Securities, LLC18,686$2.37M0.01%+17,573+1,578.9%Added
Handelsbanken Fonder AB18,716$2.37M0.01%+3,900+26.3%Added
Public Employees Retirement System of Ohio19,151$2.43M0.01%−2,090−9.8%Reduced
Teachers Retirement System of the State of Kentucky19,374$2.46M0.02%00.0%Unchanged
Voloridge Investment Management, LLC19,572$2.48M0.01%−7,247−27.0%Reduced
Capital Fund Management S.A.19,615$2.49M0.02%+19,615New
EFG Asset Management (North America) Corp.19,889$2.52M0.33%+293+1.5%Added
Yousif Capital Management, LLC20,253$2.57M0.03%−1,376−6.4%Reduced
Thrivent Financial for Lutherans20,574$2.61M0.01%−6,423−23.8%Reduced
Toroso Investments, LLC21,870$2.77M0.01%+4,001+22.4%Added
Gabelli Funds LLC23,200$2.94M0.02%00.0%Unchanged
JB Capital LLC23,971$3.04M0.13%+3,264+15.8%Added
Aquatic Capital Management LLC24,363$3.09M0.06%−3,775−13.4%Reduced
WealthPLAN Partners, LLC24,394$3.09M0.46%−1,459−5.6%Reduced
Brinker Capital Investments, LLC24,640$3.12M0.02%+10,335+72.2%Added
Comerica Bank24,865$3.15M0.01%−1,158−4.4%Reduced
Janney Montgomery Scott LLC25,086$3.18M0.01%+739+3.0%Added
Brandywine Global Investment Management, LLC25,514$3.23M0.02%+76+0.3%Added
Watchman Group, Inc.26,029$3.30M0.80%−503−1.9%Reduced
State of Tennessee, Treasury Department26,334$3.34M0.01%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey26,496$3.36M0.03%+3,833+16.9%Added
Treasurer of the State of North Carolina26,734$3.39M0.01%−1,035−3.7%Reduced
Callahan Advisors, LLC26,997$3.42M0.29%+493+1.9%Added
First National Advisers, LLC27,992$3.55M0.48%+1,221+4.6%Added
Susquehanna International Group, LLP28,246$3.58M0.01%−1,763−5.9%Reduced
Lathrop Investment Management Corp28,964$3.67M0.68%−5,882−16.9%Reduced
Amalgamated Bank29,046$3.68M0.03%−37−0.1%Reduced
Ameritas Investment Partners, Inc.29,386$3.73M0.11%+488+1.7%Added
The PNC Financial Services Group, Inc.29,491$3.74M0.00%+859+3.0%Added
Mutual of America Capital Management LLC29,707$3.77M0.04%−2,263−7.1%Reduced
Schonfeld Strategic Advisors LLC30,645$3.88M0.03%+30,645New
Quantinno Capital Management LP30,909$3.92M0.01%+2,354+8.2%Added
Nisa Investment Advisors, LLC31,047$3.94M0.02%+1,048+3.5%Added
BNP Paribas Arbitrage, SA31,670$4.01M0.00%+5,999+23.4%Added
State Board of Administration of Florida Retirement System31,712$4.02M0.01%−1,256−3.8%Reduced
HRT Financial LP32,582$4.13M0.02%+28,189+641.7%Added
MetLife Investment Management32,980$4.18M0.02%−1,557−4.5%Reduced
Glass Wealth Management Co LLC33,521$4.25M1.89%+42+0.1%Added
Squarepoint Ops LLC34,097$4.32M0.01%+14,572+74.6%Added
Kempner Capital Management Inc.34,361$4.36M3.63%−800−2.3%Reduced
Quantbot Technologies LP34,703$4.40M0.12%+34,703New
CIBC Private Wealth Group, LLC35,131$4.45M0.01%−53,843−60.5%Reduced
Whittier Trust Co of Nevada Inc35,915$4.55M0.10%+122+0.3%Added
HSBC Holdings PLC36,278$4.57M0.00%+32,841+955.5%Added
Abn Amro Investment Solutions37,600$4.77M0.10%00.0%Unchanged
Cullen/Frost Bankers, Inc.38,734$4.91M0.06%+14,831+62.0%Added
CBOE Vest Financial, LLC39,521$5.01M0.07%+6,344+19.1%Added
Terry L. Blaker40,234$5.10M0.19%−2,475−5.8%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH40,246$5.10M0.01%+3,868+10.6%Added
Truist Financial Corp40,306$5.11M0.01%+7,217+21.8%Added
American Century Companies Inc41,189$5.22M0.00%+2,715+7.1%Added
Fifth Third Bancorp42,446$5.38M0.02%+3,182+8.1%Added
Tudor Investment Corp Et Al43,036$5.46M0.04%+38,796+915.0%Added
Mairs & Power Inc43,503$5.51M0.05%+75+0.2%Added
Oak Harvest Investment Services44,042$5.58M0.65%+1,356+3.2%Added
Great West Life Assurance Co48,735$6.20M0.01%+794+1.7%Added
Franklin Resources Inc49,019$6.21M0.00%−5,291−9.7%Reduced
Price T Rowe Associates Inc49,254$6.25M0.00%+3,076+6.7%Added
STRS Ohio51,522$6.53M0.02%+10.0%Added
Argent Trust Co53,511$6.78M0.24%+1,569+3.0%Added
Citigroup Inc53,684$6.81M0.00%+362+0.7%Added
Rowland & Co Investment Counsel53,704$6.81M1.34%+981+1.9%Added
Greenfield Seitz Capital Management, LLC53,763$6.82M2.20%+969+1.8%Added
Lawson Kroeker Investment Management Inc53,959$6.84M1.25%−110.0%Reduced
California State Teachers Retirement System56,171$7.12M0.01%+30.0%Added
Hilton Capital Management, LLC56,201$7.12M0.58%+3,125+5.9%Added
LPL Financial LLC58,788$7.45M0.00%−4,294−6.8%Reduced
Stifel Financial Corp60,696$7.69M0.01%+7,424+13.9%Added
Cerity Partners LLC60,721$7.70M0.01%−5,615−8.5%Reduced
WealthPlan Investment Management, LLC61,989$7.86M0.52%−1,082−1.7%Reduced
Martin Capital Partners, LLC65,969$8.36M3.24%−1,061−1.6%Reduced