Jim Cullen's Q2 2026 Portfolio Adjustments: Focus on Financial Services, Shifts in Technology
Cullen Value Fund experienced significant changes during the second quarter of 2026. Key additions included positions in Booking Holdings and Eaton Corporation while major reductions occurred in companies like Berkshire Hathaway.
For the period ending June 30, 2026 (Q2), Jim Cullen's Cullen Value Fund underwent substantial portfolio adjustments. The fund manager demonstrated a clear preference for Financial Services holdings while making notable changes within the Technology sector.
The most significant purchase during this quarter was Booking Holdings (BKNG). Cullen acquired 46,081 shares of BKNG, representing approximately 27% increase in its position. This substantial buy suggests confidence in the travel technology leader's prospects for Q2 2026.
In addition to Booking Holdings, several other companies saw increased allocations:
- Eaton Corporation (ETN): Cullen added shares during this period.
- The Cooper Companies (COO): This was a new position initiated by the fund manager in Q2 2026.
Conversely, Cullen sold or reduced positions significantly:
- Berkshire Hathaway Inc. Class B (BRK-B): The fund decreased its stake by approximately 4% in this quarter.
- AAPL: Apple saw a reduction of about 1.5% in Cullen's portfolio during Q2.
- GOOG: Alphabet Class C shares were reduced slightly, down 3.19% from the previous period.
- NVDA: The position in NVIDIA remained unchanged dollar-wise but saw a nominal share increase offset by price appreciation.
Financial Services continued to be a major sector for Cullen, with allocations spread across several key players:
- JPMorgan Chase (JPM): Holdings were reduced slightly during the quarter.
- Wells Fargo (WFC): The fund increased its Wells Fargo position by 7.34% in Q2.
- Schwab Charlestown Corporation (SCHW): Cullen boosted this holding by approximately 7.3% during the quarter.
Within Technology, while some companies saw share reductions, others maintained or slightly increased their positions:
- Micron Technology (MSFT): Shares were reduced in Cullen's portfolio this quarter.
- NVIDIA Corporation (NVDA): The position remained static dollar-wise despite a tiny share increase.
In the Consumer Defensive space, Walmart Inc. (WMT) allocation was reduced by about 2% during Q2.