Jim Cullen - Cullen Value Fund 13F Activity & Position Changes (Q2 2026)

As of Jun 30, 2026, the Cullen Value Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Jul 09, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2026, the filing reported:

New Buys - Arcosa, Inc., Anheuser-Busch Inbev SA Sponsor, The Cooper Companies, Inc., Madison Square Garden Sports Co, Invesco QQQ Trust, Series 1, and 4 more

Increases - AbbVie Inc., Applied Materials, Inc., Amgen Inc., Amrize, Amazon.com, Inc., and 65 more

Reductions - Apple Inc., Abbott Laboratories, Analog Devices, Inc., Allstate Corporation (The), Advanced Micro Devices, Inc., and 81 more

Complete Exits - Edwards Lifesciences Corporatio, FedEx Corporation, Honeywell International Inc., Natural Resource Partners LP Li, Thor Industries, Inc., and 1 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q2 2026	AAPL Apple Inc.	Apple Inc.	Sell	-2,766	-1.5%	$53.55M	185,063
Q2 2026	ABBV AbbVie Inc.	AbbVie Inc.	Buy	+2	+0.0%	$3.24M	12,865
Q2 2026	ABT Abbott Laboratories	Abbott Laboratories	Sell	-369	-11.9%	$247.10K	2,723
Q2 2026	ACA Arcosa, Inc.	Arcosa, Inc.	Buy - Position Entry	+1,418	-	$205.96K	1,418
Q2 2026	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-99	-0.3%	$13.35M	33,624
Q2 2026	ALL Allstate Corporation (The)	Allstate Corporation (The)	Sell	-688	-11.5%	$1.26M	5,285
Q2 2026	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Buy	+1,556	+8.7%	$13.98M	19,353
Q2 2026	AMD Advanced Micro Devices, Inc.	Advanced Micro Devices, Inc.	Sell	-678	-4.7%	$7.98M	13,736
Q2 2026	AMGN Amgen Inc.	Amgen Inc.	Buy	+37	+0.5%	$2.80M	7,730
Q2 2026	AMRZ Amrize	Amrize	Buy	+8,054	+12.5%	$3.86M	72,513
Q2 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+3,236	+4.2%	$19.19M	80,525
Q2 2026	AON Aon Plc	Aon Plc	Buy	+992	+12.9%	$2.88M	8,688
Q2 2026	APA APA Corporation	APA Corporation	Buy	+39	+0.4%	$306.82K	9,420
Q2 2026	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy	+1	+0.1%	$214.69K	732
Q2 2026	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-3,442	-5.8%	$20.95M	55,469
Q2 2026	AXP American Express Company	American Express Company	Sell	-42	-0.4%	$3.60M	10,628
Q2 2026	BAC Bank of America Corporation	Bank of America Corporation	Buy	+49	+0.2%	$1.70M	29,797
Q2 2026	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Buy	+3,074	+10.0%	$5.13M	33,869
Q2 2026	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+4,000	+8.1%	$7.69M	53,216
Q2 2026	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+46,081	+2712.2%	$8.52M	47,780
Q2 2026	BKR Baker Hughes Company	Baker Hughes Company	Buy	+15	+0.4%	$237.77K	4,284
Q2 2026	BLK BlackRock	BlackRock	Sell	-27	-0.8%	$3.14M	3,265
Q2 2026	BP BP p.l.c.	BP p.l.c.	Buy	+406	+7.7%	$209.55K	5,671
Q2 2026	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+4,071	+4.0%	$52.79M	105,501
Q2 2026	BSM Black Stone Minerals, L.P.	Black Stone Minerals, L.P.	Buy	+362	+2.2%	$238.65K	17,083
Q2 2026	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Buy - Position Entry	+2,428	-	$200.10K	2,428
Q2 2026	BWA BorgWarner Inc.	BorgWarner Inc.	Buy	+10	+0.2%	$407.47K	6,137
Q2 2026	BX Blackstone Inc.	Blackstone Inc.	Sell	-106	-2.0%	$613.27K	5,212
Q2 2026	CAT Caterpillar, Inc.	Caterpillar, Inc.	Sell	-29	-0.3%	$9.12M	8,562
Q2 2026	CMCSA Comcast Corporation	Comcast Corporation	Buy	+14,169	+4.7%	$7.82M	318,683

Page 1 of 12