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Institutional Investment Manager
CULLEN/FROST BANKERS, INC.
CULLEN/FROST BANKERS, INC. (CIK: 0000039263) incorporated in Texas, registered under National Commercial Banks, located at 111 W Houston St, San Antonio, TX. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q2)
Portfolio Summary: 367 holdings with a total value of $2,697,766,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 SOUTHWEST AIRLS CO 470,384 18,444,000 0.68%
52 FIDELITY NATIONAL FINANCIAL 490,756 18,403,000 0.68%
53 ISHARES TR 214,857 18,323,000 0.68%
54 LEGACY TEX FINL GROUP INC 680,249 18,306,000 0.68%
55 VERIZON COMMUNICATIONS INC 326,720 18,244,000 0.68%
56 VALERO ENERGY CORP NEW 345,392 17,615,000 0.65%
57 CITIGROUPINC 414,567 17,573,000 0.65%
58 RAYTHEON CO 128,428 17,460,000 0.65%
59 SHIRE PLC 94,452 17,387,000 0.64%
60 MASTERCARD INCORPORATED 195,790 17,241,000 0.64%
61 NIKE INC 306,510 16,919,000 0.63%
62 DOLLAR GEN CORP NEW 179,686 16,891,000 0.63%
63 COCA COLA CO 368,936 16,723,000 0.62%
64 CELGENE CORP 167,595 16,530,000 0.61%
65 ZOETIS INC 347,368 16,486,000 0.61%
66 SALESFORCE COM INC 206,019 16,360,000 0.61%
67 JPMORGAN CHASE & CO 262,403 16,306,000 0.60%
68 CULLEN FROST BANKERS INC 248,854 15,859,000 0.59%
69 VANGUARD INDEX FDS 135,376 15,660,000 0.58%
70 NIELSEN HLDGS PLC 301,042 15,645,000 0.58%
71 EATON CORP PLC 261,527 15,621,000 0.58%
72 Rush Enterprises Inc 749,113 15,574,000 0.58%
73 LAS VEGAS SANDS CORP 348,400 15,152,000 0.56%
74 PAYPAL HLDGS INC 405,333 14,799,000 0.55%
75 WHIRLPOOL CORP 88,485 14,745,000 0.55%
76 SPDR S&P 500 ETF TR 69,442 14,546,000 0.54%
77 MERCK & CO INC 251,924 14,513,000 0.54%
78 BECTON DICKINSON & CO 84,551 14,339,000 0.53%
79 UNITED CONTL HLDGS INC 341,977 14,035,000 0.52%
80 PRICELINE GRP INC 11,217 14,003,000 0.52%
81 DANAHER CORP DEL 135,473 13,683,000 0.51%
82 VANGUARD INDEX FDS 69,728 13,402,000 0.50%
83 LAM RESEARCH CORP 149,689 12,582,000 0.47%
84 SCHWAB CHARLES CORP 492,516 12,465,000 0.46%
85 ROYAL DUTCH SHELL PLC 213,335 11,947,000 0.44%
86 VANGUARD INDEX FDS 103,730 11,120,000 0.41%
87 TWENTY FIRST CENTY FOX INC 409,595 11,079,000 0.41%
88 PFIZER INC 311,717 10,976,000 0.41%
89 ALLERGAN PLC 46,856 10,828,000 0.40%
90 PHILIP MORRIS INTL INC 106,304 10,814,000 0.40%
91 SPDR SERIES TRUST 429,948 10,495,000 0.39%
92 TIME WARNER INC 142,286 10,464,000 0.39%
93 PPG INDS INC 99,685 10,383,000 0.38%
94 MCDONALDS CORP 80,581 9,697,000 0.36%
95 WORKDAY INC 125,354 9,360,000 0.35%
96 WAL-MART STORES INC 127,687 9,323,000 0.35%
97 MOODYS CORP 99,039 9,281,000 0.34%
98 DUKE ENERGY CORP NEW 107,429 9,216,000 0.34%
99 AMGEN INC 60,196 9,159,000 0.34%
100 COMCAST CORP NEW 138,654 9,039,000 0.34%
Page 2 of 8

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000039263-16-000087, filed 2016.07.26).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.