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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
Whittier Trust Co66,727$8.45M0.10%+998+1.5%Added
New York State Teachers Retirement System75,732$9.60M0.02%00.0%Unchanged
Rafferty Asset Management, LLC76,964$9.76M0.03%+10,727+16.2%Added
Nuveen, LLC77,104$9.77M0.00%−1,029−1.3%Reduced
Citadel Advisors LLC77,619$9.84M0.01%+48,989+171.1%Added
Verition Fund Management LLC85,690$10.9M0.06%−373−0.4%Reduced
Commonwealth Equity Services, LLC86,222$10.9M0.01%+275+0.3%Added
M&T Bank Corp96,164$12.2M0.04%−6,816−6.6%Reduced
Legal & General Group Plc97,172$12.3M0.00%−3,518−3.5%Reduced
Russell Investments Group, Ltd.99,370$12.6M0.01%−2,864−2.8%Reduced
First National Bank of Omaha102,199$13.0M0.82%−591−0.6%Reduced
California Public Employees Retirement System105,770$13.4M0.01%+1,210+1.2%Added
AQR Capital Management LLC107,959$13.7M0.01%−53,220−33.0%Reduced
Barclays PLC108,382$13.7M0.01%+45,469+72.3%Added
Ceredex Value Advisors LLC109,450$13.9M0.32%−9,782−8.2%Reduced
Sprucegrove Investment Management Ltd113,630$14.4M1.16%−12,000−9.6%Reduced
Swiss National Bank118,400$15.0M0.01%+1,800+1.5%Added
Invesco Ltd.123,765$15.7M0.00%−2,275−1.8%Reduced
Point72 Asset Management, L.P.127,935$16.2M0.04%+127,935New
Alliancebernstein L.P.134,096$17.0M0.01%−3,576−2.6%Reduced
D. E. Shaw & Co., Inc.135,278$17.1M0.01%+119,440+754.1%Added
Renaissance Technologies LLC138,400$17.5M0.02%+72,000+108.4%Added
Bridgewater Associates, LP138,524$17.6M0.07%+73,402+112.7%Added
UBS Asset Management Americas Inc144,682$18.3M0.00%−84,816−37.0%Reduced
Lido Advisors, LLC149,289$18.9M0.08%+6,212+4.3%Added
Ameriprise Financial Inc152,644$19.3M0.00%+24,296+18.9%Added
Wells Fargo & Company160,326$20.3M0.00%+24,246+17.8%Added
Retirement Systems of Alabama162,574$20.6M0.07%−801−0.5%Reduced
Rhumbline Advisers162,997$20.7M0.02%−2,948−1.8%Reduced
Arrowstreet Capital, Limited Partnership179,525$22.8M0.01%+79,157+78.9%Added
Raymond James Financial Inc181,215$23.0M0.01%+14,188+8.5%Added
Formuepleje A/S184,463$23.4M1.32%+115,332+166.8%Added
New York State Common Retirement Fund189,200$24.0M0.03%+59,501+45.9%Added
Public Employees Retirement Association of Colorado198,050$25.1M0.09%+30,300+18.1%Added
Two Sigma Advisers, LP199,700$25.3M0.05%+195,700+4,892.5%Added
Deprince Race & Zollo Inc206,076$26.1M0.52%−69,323−25.2%Reduced
TCTC Holdings, LLC218,220$27.7M0.82%−12,050−5.2%Reduced
Wellington Management Group LLP221,777$28.1M0.00%+73,997+50.1%Added
Millennium Management LLC234,179$29.7M0.02%+234,179New
Fiera Capital Corp234,824$29.8M0.10%+234,824New
Polaris Capital Management, LLC247,900$31.4M2.07%−6,200−2.4%Reduced
ProShare Advisors LLC258,582$32.8M0.07%−29,168−10.1%Reduced
Palisade Capital Management LLC264,635$33.5M0.91%−3,299−1.2%Reduced
Envestnet Asset Management Inc276,117$35.0M0.01%+20,783+8.1%Added
Jacobs Levy Equity Management, Inc300,715$38.1M0.15%−27,502−8.4%Reduced
Alberta Investment Management Corp330,000$41.8M0.30%+30,000+10.0%Added
Bartlett & Co. Wealth Management LLC339,921$43.1M0.57%−42,516−11.1%Reduced
UBS Group AG349,601$44.3M0.01%+232,077+197.5%Added
Natixis Advisors, L.P.365,370$46.3M0.07%+36,952+11.3%Added
Two Sigma Investments, LP373,977$47.4M0.07%+356,373+2,024.4%Added
Madison Asset Management, LLC377,226$47.8M0.53%−3,953−1.0%Reduced
GW&K Investment Management, LLC400,040$50.7M0.45%+46,299+13.1%Added
Royal Bank of Canada444,372$56.3M0.01%+28,315+6.8%Added
Morgan Stanley477,036$60.5M0.00%+1,313+0.3%Added
Charles Schwab Investment Management Inc527,830$66.9M0.01%−11,915−2.2%Reduced
SEI Investments Co568,358$72.1M0.08%+20,864+3.8%Added
Bank of New York Mellon Corp571,694$72.5M0.01%−39,976−6.5%Reduced
Manufacturers Life Insurance Company, The636,414$80.7M0.07%−106,567−14.3%Reduced
Goldman Sachs Group Inc636,835$80.7M0.01%−72,848−10.3%Reduced
JPMorgan Chase & Co672,782$85.3M0.01%−84,573−11.2%Reduced
Principal Financial Group Inc701,963$89.0M0.04%−71,927−9.3%Reduced
First Trust Advisors LP705,101$89.4M0.07%+52,094+8.0%Added
Vaughan Nelson Investment Management, L.P.831,752$105.4M0.96%+25,000+3.1%Added
Impax Asset Management Group plc920,833$116.7M0.68%+97,955+11.9%Added
Northern Trust Corp965,821$122.4M0.02%+21,793+2.3%Added
Westwood Holdings Group Inc.996,401$126.3M0.90%+556,508+126.5%Added
Janus Henderson Group PLC1,055,985$133.9M0.06%+1,025+0.1%Added
Boston Trust Walden Corp1,091,937$138.4M1.02%−8,419−0.8%Reduced
Bank of America Corp1,129,673$143.2M0.01%+88,080+8.5%Added
Dimensional Fund Advisors LP1,187,406$150.5M0.03%+77,028+6.9%Added
Geode Capital Management, LLC1,214,019$153.9M0.01%+59,453+5.1%Added
FMR LLC1,317,008$167.0M0.01%+14,020+1.1%Added
King Luther Capital Management Corp1,354,195$171.7M0.71%−51,410−3.7%Reduced
Neuberger Berman Group LLC1,419,113$179.9M0.13%+94,874+7.2%Added
Champlain Investment Partners, LLC1,689,642$214.2M1.62%−44,580−2.6%Reduced
State Street Corp3,373,476$427.7M0.01%−62,696−1.8%Reduced
Aristotle Capital Management, LLC5,280,713$669.4M1.29%−318,099−5.7%Reduced
BlackRock, Inc.6,196,252$785.5M0.01%+185,469+3.1%Added
Vanguard Group Inc6,490,753$822.8M0.01%−40,262−0.6%Reduced
Johnson Investment Counsel Inc1,723––00.0%Unchanged
Holocene Advisors, LP0$00.00%−45,296−100.0%Sold out
Twinbeech Capital LP0$00.00%−29,654−100.0%Sold out
Graham Capital Management, L.P.0$00.00%−22,359−100.0%Sold out
Prudential PLC0$00.00%−13,424−100.0%Sold out
Rydar Equities, Inc.0$00.00%−12,725−100.0%Sold out
Mach-1 Financial Group, Inc.0$00.00%−10,023−100.0%Sold out
Mariner, LLC0$00.00%−9,457−100.0%Sold out
Inceptionr LLC0$00.00%−9,272−100.0%Sold out
Centiva Capital, LP0$00.00%−8,866−100.0%Sold out
Magnetar Financial LLC0$00.00%−8,705−100.0%Sold out
Campbell & CO Investment Adviser LLC0$00.00%−8,642−100.0%Sold out
Engineers Gate Manager LP0$00.00%−8,204−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−7,491−100.0%Sold out
VELA Investment Management, LLC0$00.00%−7,148−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−6,170−100.0%Sold out
Oak Thistle LLC0$00.00%−5,514−100.0%Sold out
Farringdon Capital, Ltd.0$00.00%−4,018−100.0%Sold out
Connor, Clark & Lunn Investment Management Ltd.0$00.00%−3,434−100.0%Sold out
Alps Advisors Inc0$00.00%−2,925−100.0%Sold out
Winton Group Ltd0$00.00%−2,873−100.0%Sold out