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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, Q4 2025

Institutional positions in Cullen/Frost Bankers, Inc. as of Dec 31, 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
529
+56 vs. Q3 2025
Shares held
55.0M
−770.8K (−1.4%) vs. Q3 2025
Total value
$6.97B
−$103.3M (−1.5%) vs. Q3 2025
New holders
91
141 more added
Sold out
35
197 more reduced

7 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 529 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 heldQ4 2025: $6.97B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Cullen/Frost Bankers, Inc.; share changes are against Q3 2025.

Institutions holding CFR in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Voya Investment Management LLC28,766$3.64M0.00%+23,183+415.2%Added
Amundi30,514$3.86M0.00%+30,514New
Nisa Investment Advisors, LLC31,067$3.93M0.01%+20+0.1%Added
MetLife Investment Management31,170$3.95M0.02%−1,810−5.5%Reduced
Man Group plc31,180$3.95M0.01%+21,325+216.4%Added
Voloridge Investment Management, LLC31,620$4.00M0.01%+12,048+61.6%Added
State Board of Administration of Florida Retirement System31,712$4.02M0.01%00.0%Unchanged
Qube Research & Technologies Ltd31,946$4.05M0.01%+31,946New
Aquatic Capital Management LLC32,241$4.08M0.12%+7,878+32.3%Added
CIBC Private Wealth Group, LLC32,918$4.17M0.01%−2,213−6.3%Reduced
Glass Wealth Management Co LLC32,936$4.17M1.71%−585−1.7%Reduced
Abn Amro Investment Solutions33,100$4.19M0.06%−4,500−12.0%Reduced
Kempner Capital Management Inc.32,932$4.26M4.03%−1,429−4.2%Reduced
Quantinno Capital Management LP34,844$4.41M0.01%+3,935+12.7%Added
Edgestream Partners, L.P.35,267$4.47M0.13%+35,267New
Great West Life Assurance Co38,220$4.84M0.01%−10,515−21.6%Reduced
Whittier Trust Co of Nevada Inc36,293$4.90M0.10%+378+1.1%Added
Numerai GP LLC38,730$4.90M0.59%+38,730New
WealthPlan Investment Management, LLC40,142$5.08M0.32%−21,847−35.2%Reduced
Terry L. Blaker40,277$5.10M0.19%+43+0.1%Added
Sprucegrove Investment Management Ltd41,038$5.20M0.63%−72,592−63.9%Reduced
American Century Companies Inc41,109$5.21M0.00%−80−0.2%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH41,514$5.26M0.01%+1,268+3.2%Added
Entropy Technologies, LP41,863$5.30M0.29%+32,670+355.4%Added
Mairs & Power Inc42,731$5.41M0.05%−772−1.8%Reduced
Cullen/Frost Bankers, Inc.42,979$5.44M0.06%+4,245+11.0%Added
SG Americas Securities, LLC44,453$5.63M0.01%+25,767+137.9%Added
Dark Forest Capital Management LP44,743$5.67M0.26%+44,743New
STRS Ohio45,724$5.79M0.02%−5,798−11.3%Reduced
CBOE Vest Financial, LLC45,963$5.82M0.07%+6,442+16.3%Added
Oak Harvest Investment Services46,049$5.83M0.64%+2,007+4.6%Added
Franklin Resources Inc47,608$6.03M0.00%−1,411−2.9%Reduced
CI Private Wealth, LLC50,560$6.40M0.01%+33,697+199.8%Added
Price T Rowe Associates Inc51,593$6.53M0.00%+2,339+4.7%Added
Argent Trust Co52,893$6.70M0.23%−618−1.2%Reduced
Rowland & Co Investment Counsel53,628$6.79M1.31%−76−0.1%Reduced
Greenfield Seitz Capital Management, LLC53,689$6.80M2.23%−74−0.1%Reduced
Lawson Kroeker Investment Management Inc53,723$6.80M2.02%−236−0.4%Reduced
Citigroup Inc54,601$6.91M0.00%+917+1.7%Added
Jane Street Group, LLC55,341$7.01M0.01%+43,758+377.8%Added
California State Teachers Retirement System57,805$7.32M0.01%+1,634+2.9%Added
Hilton Capital Management, LLC59,625$7.55M0.57%+3,424+6.1%Added
LPL Financial LLC62,734$7.94M0.00%+3,946+6.7%Added
Stifel Financial Corp63,005$7.98M0.01%+2,309+3.8%Added
Cerity Partners LLC63,511$8.04M0.01%+2,790+4.6%Added
Rafferty Asset Management, LLC64,815$8.21M0.03%−12,149−15.8%Reduced
HSBC Holdings PLC67,379$8.56M0.00%+31,101+85.7%Added
Martin Capital Partners, LLC70,133$8.88M3.34%+4,164+6.3%Added
Whittier Trust Co66,774$9.02M0.10%+47+0.1%Added
New York State Teachers Retirement System75,632$9.58M0.02%−100−0.1%Reduced
Nuveen, LLC77,477$9.81M0.00%+373+0.5%Added
Alliancebernstein L.P.79,592$10.1M0.00%−54,504−40.6%Reduced
Commonwealth Equity Services, LLC86,587$11.0M0.01%+365+0.4%Added
First National Bank of Omaha88,389$11.2M0.33%−13,810−13.5%Reduced
Legal & General Group Plc91,970$11.6M0.00%−5,202−5.4%Reduced
Russell Investments Group, Ltd.96,013$12.2M0.01%−3,357−3.4%Reduced
M&T Bank Corp96,378$12.2M0.04%+214+0.2%Added
Squarepoint Ops LLC102,467$13.0M0.03%+68,370+200.5%Added
California Public Employees Retirement System105,087$13.3M0.01%−683−0.6%Reduced
Trexquant Investment LP105,908$13.4M0.12%+91,433+631.7%Added
Campbell & CO Investment Adviser LLC110,067$13.9M0.67%+110,067New
AQR Capital Management LLC113,300$14.3M0.01%+5,341+4.9%Added
Swiss National Bank120,500$15.3M0.01%+2,100+1.8%Added
Ceredex Value Advisors LLC127,950$16.2M0.49%+18,500+16.9%Added
Renaissance Technologies LLC130,200$16.5M0.03%−8,200−5.9%Reduced
Verition Fund Management LLC130,944$16.6M0.09%+45,254+52.8%Added
Wellington Management Group LLP134,356$17.0M0.00%−87,421−39.4%Reduced
Barclays PLC138,691$17.6M0.01%+30,309+28.0%Added
Invesco Ltd.139,371$17.6M0.00%+15,606+12.6%Added
UBS Asset Management Americas Inc140,188$17.8M0.00%−4,494−3.1%Reduced
Citadel Advisors LLC146,842$18.6M0.01%+69,223+89.2%Added
D. E. Shaw & Co., Inc.148,630$18.8M0.01%+13,352+9.9%Added
Lido Advisors, LLC149,882$19.0M0.07%+593+0.4%Added
Raymond James Financial Inc150,098$19.0M0.01%−31,117−17.2%Reduced
Bridgewater Associates, LP153,492$19.4M0.07%+14,968+10.8%Added
Wells Fargo & Company157,142$19.9M0.00%−3,184−2.0%Reduced
Formuepleje A/S158,326$20.0M1.20%−26,137−14.2%Reduced
Rhumbline Advisers158,911$20.1M0.02%−4,086−2.5%Reduced
Retirement Systems of Alabama161,539$20.5M0.07%−1,035−0.6%Reduced
Ameriprise Financial Inc165,987$21.0M0.00%+13,343+8.7%Added
New York State Common Retirement Fund166,431$21.1M0.03%−22,769−12.0%Reduced
Bartlett & Co. Wealth Management LLC181,495$23.0M0.30%−158,426−46.6%Reduced
Arrowstreet Capital, Limited Partnership185,264$23.5M0.01%+5,739+3.2%Added
Bessemer Group Inc186,738$23.6M0.04%+169,395+976.7%Added
Public Employees Retirement Association of Colorado198,050$25.1M0.09%00.0%Unchanged
Two Sigma Advisers, LP210,800$26.7M0.05%+11,100+5.6%Added
Polaris Capital Management, LLC214,500$27.2M2.25%−33,400−13.5%Reduced
TCTC Holdings, LLC218,020$27.6M0.82%−200−0.1%Reduced
Envestnet Asset Management Inc220,289$27.9M0.01%−55,828−20.2%Reduced
Palisade Capital Management LLC236,110$29.9M0.89%−28,525−10.8%Reduced
UBS Group AG251,636$31.9M0.01%−97,965−28.0%Reduced
Millennium Management LLC265,937$33.7M0.02%+31,758+13.6%Added
ProShare Advisors LLC268,194$34.0M0.06%+9,612+3.7%Added
Jacobs Levy Equity Management, Inc289,559$36.7M0.14%−11,156−3.7%Reduced
Fiera Capital Corp306,448$38.8M0.12%+71,624+30.5%Added
FMR LLC313,583$39.7M0.00%−1,003,425−76.2%Reduced
Deprince Race & Zollo Inc322,128$40.8M0.78%+116,052+56.3%Added
Two Sigma Investments, LP322,868$40.9M0.06%−51,109−13.7%Reduced
Madison Asset Management, LLC356,874$45.2M0.52%−20,352−5.4%Reduced
Natixis Advisors, L.P.373,373$47.3M0.07%+8,003+2.2%Added