Jim Cullen's Q2 2026 Portfolio Adjustments: Focus on Financials, Tech, and REITs
Cullen Value Fund held $819 million as of June 30th. This quarter saw significant purchases in companies like Booking Holdings and Comcast ADR alongside divestment from major tech players.
As of June 30, 2026, Jim Cullen's investment fund, the Cullen Value Fund, managed a total portfolio value of $819.2 million.
The investor maintained a diversified approach across various sectors during this quarter, with Technology and Financial Services remaining prominent holdings based on the overall sector allocation data provided by Cullen Value Fund. The portfolio included investments in sectors like Communication Services, Consumer Defensive, Healthcare, Industrials, Utilities, and Real Estate.
Notable purchases were observed this quarter. Booking Holdings, a leader in online travel services (BKNG), saw its stake increase significantly by 27,124 shares or approximately +2712% compared to the previous quarter. Similarly, Novartis experienced a substantial buy of around 5,229 additional shares (+10.39%), and The Cooper Companies, an eye care products manufacturer (COO), was added with purchases covering all its current holdings.
Conversely, the investor also made significant reductions in certain positions. The largest decrease occurred at Apple, where shares were reduced by 2,766 units (-1.47%). Other notable sales included a nearly 3% reduction from the portfolio in Verizon Communications and divestment of over -50k shares from Fidelity National Information Services, which experienced a 35.12% share increase change (-5,048 shares).
Additionally, the investor divested some of their holdings in JPMorgan Chase, reducing its stake by 1.42% (change_percent_from_prior_period). Other exits included reductions from Wal-Mart (-2.09%), Amrise Limited (12.49% increase change, but note this is a different type of position), and smaller reductions from sectors like Communication Services (Verizon) and Utilities (Public Service Enterprise Group).
The portfolio's structure reflects a continued focus on established Financial Services companies like Berkshire Hathaway, Technology giants such as Apple and Microsoft, alongside newer additions like the Real Estate Investment Trust, Realty Income (O). The overall strategy appears to balance large-cap stability with targeted investments in specific sectors.