Jim Cullen - Cullen Value Fund Investment Strategy & Portfolio Analysis

How Cullen Value Fund allocates capital, manages risk, and constructs its portfolio — based on SEC 13F filings.

As of Mar 31, 2026, Jim Cullen's Cullen Value Fund portfolio reflects a quant / systematic investor approach across 177 reported 13F positions. Portfolio returns are distributed across holdings, with the top five positions representing approximately 26% of total exposure. Across 177 reported holdings, economic exposure is broadly distributed across technology, financials, and industrials without dominant single-name concentration. Exposure to high-growth and technology-oriented segments is elevated relative to peers, with performance instead anchored in durable, cash-generating businesses across financials, industrials, and consumer staples. The portfolio exhibits extremely low turnover, reinforcing a patient, conviction-led investment approach. Distinctive traits include Long-Term Holder, Broadly Diversified, Economically Diversified.

Investment Style

Value, growth, quality, and behavioral classification from latest 13F holdings.

Quant / Systematic Investor

Primary type: Quant / Systematic Investor

Traits: Long-Term Holder, Broadly Diversified, Economically Diversified, Structurally Diversified

Turnover profile

Buy & Hold

Holding horizon

Long-Term

Portfolio Construction

Concentration and position sizing in the latest filing.

Portfolio construction is lowly concentrated: top three names represent 17.5% of assets, top five 26.2%, and the largest single position is 6.5%.

Top 3 weight

17.5%

Top 5 weight

26.2%

Top 10 weight

39.6%

Largest position

6.5%

Top holdings: Berkshire Hathaway Inc. New, Apple Inc., Walmart Inc., Alphabet Inc., Microsoft Corporation — view full holdings

Sector Preferences

Where capital is allocated by sector.

Capital is tilted toward Technology and Financial Services, with 12 sectors represented in the latest filing.

Leading sectors: Technology, Financial Services, Industrials

View full sector allocation

Risk Framework

Concentration, diversification, and turnover tolerance.

This investor accepts low single-name risk (largest position 6.5%, top ten 39.6%) and high economic diversification (HHI 0.02). Turnover tolerance maps to a buy & hold profile.

Largest position

6.5%

Top 10 weight

39.6%

Max sector

20.7%

Diversification

High

Strategy Evolution

How the strategy changed between the two most recent filing periods.

Dec 31, 2025 → Mar 31, 2026

  • Position count increased from 174 to 177 (+3 names).
  • Top-five concentration fell from 27.6% to 26.2%.
  • Largest holding changed from Apple Inc. to Berkshire Hathaway Inc. New.
  • Quarter-over-quarter portfolio weight turnover: 9.0%.

For trade-level changes, see the Activity page. View activity.

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