Jim Cullen - Cullen Value Fund 13F Activity & Position Changes (Q1 2026)

As of Mar 31, 2026, the Cullen Value Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Apr 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 Q1 2026, the filing reported:

New Buys - Amrize, Aon Plc, BP p.l.c., Ferguson Enterprises Inc., Natural Resource Partners LP Li, and 1 more

Increases - AbbVie Inc., Applied Materials, Inc., Amazon.com, Inc., American Express Company, Becton, Dickinson and Company, and 43 more

Reductions - Apple Inc., Abbott Laboratories, Analog Devices, Inc., Allstate Corporation (The), Advanced Micro Devices, Inc., and 101 more

Complete Exits - Micron Technology, Inc., PayPal Holdings, Inc., Invesco QQQ Trust, Series 1

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
Q1 2026	AAPL Apple Inc.	Apple Inc.	Sell	-8,140	-4.2%	$47.67M	187,829
Q1 2026	ABBV AbbVie Inc.	AbbVie Inc.	Buy	+10	+0.1%	$2.80M	12,863
Q1 2026	ABT Abbott Laboratories	Abbott Laboratories	Sell	-394	-11.3%	$317.49K	3,092
Q1 2026	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-1,438	-4.1%	$10.72M	33,723
Q1 2026	ALL Allstate Corporation (The)	Allstate Corporation (The)	Sell	-2,047	-25.5%	$1.24M	5,973
Q1 2026	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Buy	+5,558	+45.4%	$6.08M	17,797
Q1 2026	AMD Advanced Micro Devices, Inc.	Advanced Micro Devices, Inc.	Sell	-1,758	-10.9%	$2.93M	14,414
Q1 2026	AMGN Amgen Inc.	Amgen Inc.	Sell	-20	-0.3%	$2.71M	7,693
Q1 2026	AMRZ Amrize	Amrize	Buy - Position Entry	+64,459	-	$3.61M	64,459
Q1 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+15,233	+24.5%	$16.09M	77,289
Q1 2026	AON Aon Plc	Aon Plc	Buy - Position Entry	+7,696	-	$2.48M	7,696
Q1 2026	APA APA Corporation	APA Corporation	Sell	-1,489	-13.7%	$398.13K	9,381
Q1 2026	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Sell	-31	-4.1%	$212.43K	731
Q1 2026	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-10,197	-14.8%	$18.23M	58,911
Q1 2026	AXP American Express Company	American Express Company	Buy	+3	+0.0%	$3.23M	10,670
Q1 2026	BA Boeing Company (The)	Boeing Company (The)	Sell	-150	-7.7%	$358.19K	1,800
Q1 2026	BAC Bank of America Corporation	Bank of America Corporation	Sell	-50,263	-62.8%	$1.45M	29,748
Q1 2026	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Buy	+12,546	+68.7%	$4.84M	30,795
Q1 2026	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+10,486	+27.1%	$5.84M	49,216
Q1 2026	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+501	+41.8%	$7.15M	1,699
Q1 2026	BKR Baker Hughes Company	Baker Hughes Company	Buy	+15	+0.4%	$260.62K	4,269
Q1 2026	BLK BlackRock	BlackRock	Sell	-128	-3.7%	$3.17M	3,292
Q1 2026	BP BP p.l.c.	BP p.l.c.	Buy - Position Entry	+5,265	-	$247.46K	5,265
Q1 2026	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+685	+0.7%	$48.60M	101,430
Q1 2026	BSM Black Stone Minerals, L.P.	Black Stone Minerals, L.P.	Buy	+329	+2.0%	$252.82K	16,721
Q1 2026	BWA BorgWarner Inc.	BorgWarner Inc.	Buy	+15	+0.2%	$332.44K	6,127
Q1 2026	BX Blackstone Inc.	Blackstone Inc.	Buy	+34	+0.6%	$611.53K	5,318
Q1 2026	CAT Caterpillar, Inc.	Caterpillar, Inc.	Sell	-21	-0.2%	$6.09M	8,591
Q1 2026	CMCSA Comcast Corporation	Comcast Corporation	Buy	+54,960	+22.0%	$8.74M	304,514
Q1 2026	CME CME Group Inc.	CME Group Inc.	Sell	-6,598	-26.7%	$5.34M	18,068

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