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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
STRS Ohio45,724$5.79M0.02%−5,798−11.3%Reduced
Dark Forest Capital Management LP44,743$5.67M0.26%+44,743New
SG Americas Securities, LLC44,453$5.63M0.01%+25,767+137.9%Added
Cullen/Frost Bankers, Inc.42,979$5.44M0.06%+4,245+11.0%Added
Mairs & Power Inc42,731$5.41M0.05%−772−1.8%Reduced
Entropy Technologies, LP41,863$5.30M0.29%+32,670+355.4%Added
Universal- Beteiligungs- und Servicegesellschaft mbH41,514$5.26M0.01%+1,268+3.2%Added
American Century Companies Inc41,109$5.21M0.00%−80−0.2%Reduced
Sprucegrove Investment Management Ltd41,038$5.20M0.63%−72,592−63.9%Reduced
Terry L. Blaker40,277$5.10M0.19%+43+0.1%Added
WealthPlan Investment Management, LLC40,142$5.08M0.32%−21,847−35.2%Reduced
Numerai GP LLC38,730$4.90M0.59%+38,730New
Whittier Trust Co of Nevada Inc36,293$4.90M0.10%+378+1.1%Added
Great West Life Assurance Co38,220$4.84M0.01%−10,515−21.6%Reduced
Edgestream Partners, L.P.35,267$4.47M0.13%+35,267New
Quantinno Capital Management LP34,844$4.41M0.01%+3,935+12.7%Added
Kempner Capital Management Inc.32,932$4.26M4.03%−1,429−4.2%Reduced
Abn Amro Investment Solutions33,100$4.19M0.06%−4,500−12.0%Reduced
Glass Wealth Management Co LLC32,936$4.17M1.71%−585−1.7%Reduced
CIBC Private Wealth Group, LLC32,918$4.17M0.01%−2,213−6.3%Reduced
Aquatic Capital Management LLC32,241$4.08M0.12%+7,878+32.3%Added
Qube Research & Technologies Ltd31,946$4.05M0.01%+31,946New
State Board of Administration of Florida Retirement System31,712$4.02M0.01%00.0%Unchanged
Voloridge Investment Management, LLC31,620$4.00M0.01%+12,048+61.6%Added
Man Group plc31,180$3.95M0.01%+21,325+216.4%Added
MetLife Investment Management31,170$3.95M0.02%−1,810−5.5%Reduced
Nisa Investment Advisors, LLC31,067$3.93M0.01%+20+0.1%Added
Amundi30,514$3.86M0.00%+30,514New
Voya Investment Management LLC28,766$3.64M0.00%+23,183+415.2%Added
HRT Financial LP28,664$3.63M0.01%−3,918−12.0%Reduced
Amalgamated Bank28,331$3.59M0.03%−715−2.5%Reduced
Ameritas Investment Partners, Inc.28,228$3.57M0.11%−1,158−3.9%Reduced
Lathrop Investment Management Corp27,586$3.49M0.63%−1,378−4.8%Reduced
Janney Montgomery Scott LLC27,512$3.48M0.01%+2,426+9.7%Added
State of Tennessee, Treasury Department25,253$3.48M0.01%−1,081−4.1%Reduced
EFG International AG27,015$3.42M0.07%+27,015New
JB Capital LLC26,975$3.42M0.14%+3,004+12.5%Added
Mutual of America Capital Management LLC26,611$3.37M0.04%−3,096−10.4%Reduced
Callahan Advisors, LLC26,333$3.33M0.27%−664−2.5%Reduced
The PNC Financial Services Group, Inc.26,169$3.31M0.00%−3,322−11.3%Reduced
Police & Firemen's Retirement System of New Jersey25,519$3.23M0.03%−977−3.7%Reduced
RE Advisers Corp25,400$3.22M0.09%+25,400New
Treasurer of the State of North Carolina24,905$3.15M0.01%−1,829−6.8%Reduced
Sciencast Management LP24,871$3.15M0.44%+16,888+211.5%Added
Brandywine Global Investment Management, LLC24,755$3.13M0.02%−759−3.0%Reduced
First National Advisers, LLC24,512$3.10M0.43%−3,480−12.4%Reduced
Toroso Investments, LLC23,745$3.01M0.01%+1,875+8.6%Added
Gabelli Funds LLC23,200$2.94M0.02%00.0%Unchanged
Comerica Bank22,988$2.91M0.01%−1,877−7.5%Reduced
Handelsbanken Fonder AB22,616$2.86M0.01%+3,900+20.8%Added
WealthPLAN Partners, LLC22,227$2.81M0.42%−2,167−8.9%Reduced
Brinker Capital Investments, LLC21,492$2.72M0.02%−3,148−12.8%Reduced
Concurrent Investment Advisors, LLC21,448$2.72M0.03%+19,221+863.1%Added
Yousif Capital Management, LLC19,770$2.72M0.03%−483−2.4%Reduced
Truist Financial Corp21,333$2.70M0.00%−18,973−47.1%Reduced
Schonfeld Strategic Advisors LLC21,135$2.68M0.01%−9,510−31.0%Reduced
Capitolis Liquid Global Markets LLC20,296$2.57M0.02%+20,296New
Thrivent Financial for Lutherans20,194$2.56M0.00%−380−1.8%Reduced
Teachers Retirement System of the State of Kentucky19,374$2.45M0.02%00.0%Unchanged
Public Employees Retirement System of Ohio18,472$2.34M0.01%−679−3.5%Reduced
Acadian Asset Management LLC18,377$2.33M0.00%+18,377New
Cardinal Capital Management18,134$2.30M0.30%+98+0.5%Added
State of New Jersey Common Pension Fund D17,901$2.27M0.01%+1,050+6.2%Added
Louisiana State Employees Retirement System17,700$2.24M0.04%−200−1.1%Reduced
Captrust Financial Advisors17,270$2.19M0.00%+5,112+42.0%Added
Pathstone Holdings, LLC17,018$2.15M0.01%−489−2.8%Reduced
Arizona State Retirement System16,950$2.15M0.01%−1,122−6.2%Reduced
XTX Topco Ltd16,768$2.12M0.06%+16,768New
Capital Fund Management S.A.16,470$2.09M0.02%−3,145−16.0%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys16,001$2.03M0.01%−508−3.1%Reduced
Summit Trail Advisors, LLC15,863$2.01M0.03%+1,414+9.8%Added
Creative Planning15,370$1.95M0.00%+379+2.5%Added
Riverwater Partners LLC15,234$1.93M0.75%+2,441+19.1%Added
Jones Financial Companies LLLP15,186$1.92M0.00%+5,770+61.3%Added
State of Michigan Retirement System15,064$1.91M0.01%−300−2.0%Reduced
Wiley Bros.-Aintree Capital, LLC15,044$1.90M0.01%−11−0.1%Reduced
Fifth Third Bancorp14,813$1.88M0.01%−27,633−65.1%Reduced
First American Bank14,809$1.88M0.11%00.0%Unchanged
Oak Thistle LLC14,485$1.83M0.25%+14,485New
Sanctuary Advisors, LLC14,307$1.81M0.01%−187−1.3%Reduced
Northwestern Mutual Investment Management Company, LLC14,305$1.81M0.02%−33−0.2%Reduced
Fieldview Capital Management, LLC14,262$1.81M0.31%+14,262New
HighTower Advisors, LLC14,252$1.80M0.00%−210−1.5%Reduced
Tudor Investment Corp Et Al14,166$1.79M0.01%−28,870−67.1%Reduced
Neville Rodie & Shaw Inc13,974$1.77M0.12%00.0%Unchanged
Diversified Trust Co13,868$1.76M0.03%+74+0.5%Added
BNP Paribas Arbitrage, SA13,666$1.73M0.00%−18,004−56.8%Reduced
Susquehanna International Group, LLP13,616$1.72M0.00%−14,630−51.8%Reduced
DB&C Advisors, LLC13,250$1.68M2.10%+13,250New
Cetera Investment Advisers13,158$1.67M0.00%−955−6.8%Reduced
Wealth Enhancement Advisory Services, LLC12,323$1.66M0.00%+1,520+14.1%Added
New Mexico Educational Retirement Board13,100$1.66M0.05%00.0%Unchanged
KLP Kapitalforvaltning AS13,100$1.66M0.01%+400+3.1%Added
Carlson Capital L P13,100$1.66M0.80%+2,200+20.2%Added
Zurcher Kantonalbank (Zurich Cantonalbank)12,823$1.62M0.00%+393+3.2%Added
Oregon Public Employees Retirement Fund12,821$1.62M0.02%−160−1.2%Reduced
Lazard Asset Management LLC12,683$1.61M0.00%+12,683New
Holocene Advisors, LP11,940$1.51M0.00%+11,940New
Commerce Bank11,861$1.50M0.01%−40−0.3%Reduced
Bank of Montreal11,613$1.47M0.00%−4,493−27.9%Reduced