Cullen/frost Bankers, Inc.: which funds bought and sold
Institutions that bought and sold Cullen/frost Bankers shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 244 institutions that filed 13F reports for both quarters added to or opened positions in Cullen/frost Bankers, and 254 cut or closed them. Together they added a net 4.2M shares, +7.6% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 4.5M shares (+29.3%); index fund managers were net buyers of 362K shares (+1.8%). 71 opened a new position and 49 sold out entirely.
Bought, Q2 2026 244 institutions, 71 of them new holders Sold, Q2 2026 254 institutions, 49 of them sold out
Net change, all compared +4.2M shares (+7.6%)
Net change, active managers +4.5M shares (+29.3%), 27 bought, 30 sold
Buyers versus sellers
244 bought 108 254 sold
Active managers and hedge funds 27 bought · 30 sold · +4.5M
Index fund managers 7 bought · 5 sold · +362K
Other institutions 210 bought · 219 sold · −730K
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| First Eagle Investment Management, LLC Active manager | +3.3M +145.2% | 5.6M | $858M |
| Baillie Gifford & Co Active manager | +2.2M New position | 2.2M | $345M |
| Two Sigma Investments, LP Hedge fund | +484K +73.4% | 1.1M | $177M |
| Blackrock, Inc. Index funds | +256K +3.6% | 7.3M | $1.1B |
| Vaughan Nelson Investment Management, L.P. Active manager | +150K +48.5% | 460K | $71.1M |
| Dimensional Fund Advisors LP | +122K +8.0% | 1.7M | $255M |
| State Street Corp Index funds | +118K +3.8% | 3.2M | $497M |
| Natixis Advisors, LLC | +116K +36.6% | 435K | $67.1M |
| Arbejdsmarkedets Tillaegspension | +104K New position | 104K | $16.1M |
| Scopus Asset Management, L.P. Hedge fund | +100K New position | 100K | $23M |
| Jones Financial Companies LLLP | +95K +37.3% | 350K | $54.3M |
| Arrowstreet Capital, Limited Partnership Hedge fund | +84K New position | 84K | $13M |
| Susquehanna Fundamental Investments, LLC | +79K +1296.9% | 85K | $13.1M |
| Madison Asset Management, LLC | +67K +20.1% | 403K | $62.3M |
| BNP Paribas Financial Markets | +60K +554.1% | 71K | $11M |
| Invesco Ltd. | +52K +39.6% | 183K | $28.3M |
| Tudor Investment Corp Et Al Hedge fund | +50K New position | 50K | $7.7M |
| HSBC Holdings PLC | +47K New position | 47K | $7.3M |
| Ilex Capital Partners (UK) LLP | +45K New position | 45K | $6.9M |
| HRT Financial LP | +44K +1443.7% | 47K | $7.2M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| First Eagle Investment Management, LLC Active manager | +3.3M +145.2% | 5.6M | $858M |
| Baillie Gifford & Co Active manager | +2.2M New position | 2.2M | $345M |
| Two Sigma Investments, LP Hedge fund | +484K +73.4% | 1.1M | $177M |
| Vaughan Nelson Investment Management, L.P. Active manager | +150K +48.5% | 460K | $71.1M |
| Scopus Asset Management, L.P. Hedge fund | +100K New position | 100K | $23M |
| Arrowstreet Capital, Limited Partnership Hedge fund | +84K New position | 84K | $13M |
| Tudor Investment Corp Et Al Hedge fund | +50K New position | 50K | $7.7M |
| Verition Fund Management LLC Hedge fund | +40K +575.4% | 47K | $7.2M |
| AQR Capital Management LLC Hedge fund | +38K +18.9% | 241K | $37.2M |
| Segall Bryant & Hamill, LLC Active manager | +38K +20.2% | 227K | $35M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Champlain Investment Partners, LLC Active manager | −476K −55.6% | 380K | $58.7M |
| Impax Asset Management Group PLC | −398K −80.7% | 95K | $14.7M |
| Neuberger Berman Group LLC Active manager | −382K −89.0% | 47K | $7.3M |
| Aristotle Capital Management, LLC Active manager | −300K −6.3% | 4.5M | $690M |
| Bank Of America Corp | −248K −20.5% | 962K | $149M |
| Boston Trust Walden Corp | −236K −24.3% | 732K | $113M |
| Wellington Management Group LLP Active manager | −165K −33.0% | 335K | $51.8M |
| First Trust Advisors LP | −158K −20.0% | 632K | $97.6M |
| Westwood Holdings Group Inc Active manager | −153K −20.6% | 591K | $91.2M |
| Fiera Capital Corp | −137K −42.8% | 183K | $28.3M |
| Palisade Capital Management, LP Active manager | −115K −52.5% | 104K | $16.1M |
| Bridgewater Associates, LP Hedge fund | −93K Sold out | 0 | — |
| Deprince Race & Zollo Inc Active manager | −93K −28.2% | 236K | $36.4M |
| King Luther Capital Management Corp Active manager | −80K −6.0% | 1.2M | $193M |
| UBS Group AG | −75K −29.4% | 179K | $27.7M |
| Polaris Capital Management, LLC | −71K −34.7% | 133K | $20.6M |
| Citadel Advisors LLC Hedge fund | −67K −79.9% | 17K | $2.6M |
| Renaissance Technologies LLC Hedge fund | −53K −58.0% | 39K | $6M |
| Goldman Sachs Group Inc | −50K −7.1% | 652K | $101M |
| Oak Harvest Investment Services | −49K Sold out | 0 | — |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Champlain Investment Partners, LLC Active manager | −476K −55.6% | 380K | $58.7M |
| Neuberger Berman Group LLC Active manager | −382K −89.0% | 47K | $7.3M |
| Aristotle Capital Management, LLC Active manager | −300K −6.3% | 4.5M | $690M |
| Wellington Management Group LLP Active manager | −165K −33.0% | 335K | $51.8M |
| Westwood Holdings Group Inc Active manager | −153K −20.6% | 591K | $91.2M |
| Palisade Capital Management, LP Active manager | −115K −52.5% | 104K | $16.1M |
| Bridgewater Associates, LP Hedge fund | −93K Sold out | 0 | — |
| Deprince Race & Zollo Inc Active manager | −93K −28.2% | 236K | $36.4M |
| King Luther Capital Management Corp Active manager | −80K −6.0% | 1.2M | $193M |
| Citadel Advisors LLC Hedge fund | −67K −79.9% | 17K | $2.6M |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Baillie Gifford & CoActive manager | 2.2M | $345M |
| Scopus Asset Management, L.P.Hedge fund | 100K | $23M |
| Arbejdsmarkedets Tillaegspension | 104K | $16.1M |
| Arrowstreet Capital, Limited PartnershipHedge fund | 84K | $13M |
| Tudor Investment Corp Et AlHedge fund | 50K | $7.7M |
| HSBC Holdings PLC | 47K | $7.3M |
| Ilex Capital Partners (UK) LLP | 45K | $6.9M |
| Connor, Clark & Lunn Investment Management Ltd. | 36K | $5.5M |
| Exoduspoint Capital Management, LPHedge fund | 35K | $5.4M |
| Summittx Capital, L.P. | 28K | $4.3M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Bridgewater Associates, LPHedge fund | 93K | $12.7M |
| Oak Harvest Investment Services | 49K | $6.6M |
| Formuepleje A/S | 39K | $5.4M |
| Carlson Capital, L.P. | 29K | $4M |
| Varcov Co. | 20K | $2.7M |
| Trexquant Investment LPHedge fund | 16K | $2.1M |
| Xtx Topco Ltd | 12K | $1.6M |
| Holocene Advisors, LPHedge fund | 11K | $1.5M |
| Allstate Corp | 10K | $1.4M |
| Balyasny Asset Management L.P.Hedge fund | 4,737 | $649,348 |
Who holds the shares
- Institutions reporting
- 565
- Ten largest holders
- 55.1% of 13F-reported shares
- Index fund managers
- 33.5% of 13F-reported shares
- Active managers and hedge funds
- 33.4% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 27 | 30 | 12 | 5 | +4.5M | +29.3% |
| Index fund managers | 7 | 5 | 0 | 0 | +362K | +1.8% |
| Other institutions | 210 | 219 | 59 | 44 | −730K | −3.8% |
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