Cullen Capital Management, Llc
- Regulatory AUM
- $11.6B
- Discretionary
- $11.6B
- Clients
- 8,417
- Avg AUM / client
- $1.4M
- Accounts
- 8,419
- Employees
- 64
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Investments (13F portfolio — 213 positions, $9,752,783,439)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Novartis Ag (Adr) | ADR | $311,298,749 | 2,037,962 | 3.19% | 2.69% |
| 2 | Cisco Systems Inc. | COM | $282,857,465 | 3,645,540 | 2.9% | 2.44% |
| 3 | Johnson & Johnson | COM | $272,533,287 | 1,114,929 | 2.79% | 2.35% |
| 4 | Exxon Mobil Corp. | COM | $254,424,411 | 1,499,613 | 2.61% | 2.2% |
| 5 | Bank Of America Corp. | COM | $251,789,692 | 5,164,917 | 2.58% | 2.17% |
| 6 | Duke Energy Corp. | COM | $251,595,732 | 1,921,458 | 2.58% | 2.17% |
| 7 | Citigroup Inc. | COM | $251,564,875 | 2,218,190 | 2.58% | 2.17% |
| 8 | Merck & Co. Inc. | COM | $249,403,764 | 2,073,354 | 2.56% | 2.15% |
| 9 | Jp Morgan Chase & Co. | COM | $237,871,943 | 808,648 | 2.44% | 2.05% |
| 10 | Morgan Stanley | COM | $235,921,766 | 1,433,565 | 2.42% | 2.04% |
| 11 | Conoco Phillips | COM | $235,672,613 | 1,785,399 | 2.42% | 2.04% |
| 12 | General Dynamics Corp. | COM | $231,052,014 | 673,189 | 2.37% | 2.0% |
| 13 | Medtronic Plc | COM | $227,971,267 | 2,630,944 | 2.34% | 1.97% |
| 14 | Next Era Energy Inc. | COM | $225,449,183 | 2,427,317 | 2.31% | 1.95% |
| 15 | Rtx Corp | COM | $222,234,057 | 1,152,069 | 2.28% | 1.92% |
| 16 | Johnson Controls International | COM | $221,400,851 | 1,690,728 | 2.27% | 1.91% |
| 17 | Chubb Ltd. | COM | $219,687,522 | 674,033 | 2.25% | 1.9% |
| 18 | Comcast Corp. (Cl A) | COM | $205,269,873 | 7,149,769 | 2.1% | 1.77% |
| 19 | Truist Financial Corp | COM | $204,787,575 | 4,454,809 | 2.1% | 1.77% |
| 20 | Philip Morris International In | COM | $196,275,781 | 1,187,104 | 2.01% | 1.7% |
| 21 | Vici Properties Inc. | COM | $185,461,533 | 6,788,489 | 1.9% | 1.6% |
| 22 | Chevron Corp. | COM | $181,255,348 | 876,053 | 1.86% | 1.57% |
| 23 | Healthpeak Properties Inc | COM | $180,587,083 | 10,991,301 | 1.85% | 1.56% |
| 24 | At&T Inc. | COM | $165,668,285 | 5,714,670 | 1.7% | 1.43% |
| 25 | Genuine Parts Co. | COM | $165,458,559 | 1,564,620 | 1.7% | 1.43% |
Top 25 of 213 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 7,940 | $6.0B | 51.8% |
| Investment companies | 17 | $4.4B | 38.0% |
| Pooled investment vehicles (non-investment companies) | 3 | $23.8M | 0.21% |
| Pension and profit sharing plans | 39 | $130M | 1.12% |
| Charitable organizations | 115 | $309M | 2.67% |
| State or municipal government entities | Fewer than 5 clients | $155M | 1.33% |
| Insurance companies | Fewer than 5 clients | $7.0M | 0.06% |
| Corporations and other businesses | 303 | $556M | 4.81% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $21.0M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Schafer Cullen Global Small Cap Value Lp | Hedge Fund | Delaware | $19.2M | 6 |
| Schafer Cullen Emerging Markets Small Cap Fund Lp | Hedge Fund | Delaware | $1.7M | 2 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Cullen, Brooks, Hemingway | Vice Chairman And Executive Director | Apr 2000 (26y) | 5% – 10% | |
| Cullen, James, Patrick | Owner, Chairman And Ceo | Apr 2000 (26y) | 75% or more | |
| Kelly, Aiden, John | Chief Compliance Officer | Jul 2022 (4y) | Less than 5% | |
| O'neil, Stephen, J | Executive Director And Chief Operating Officer | Nov 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cullen 2011 Descendants' Trust | Owner | Apr 2011 | A | 10% – 25% |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $21.0M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Schafer Cullen Global Small Cap Value Lp | Hedge Fund | $19.2M | $500K | 6 |
| Schafer Cullen Emerging Markets Small Cap Fund Lp | Hedge Fund | $1.7M | $250K | 2 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (11)
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.66 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- J.P. Morgan $2.2B (19% of AUM) Mar 2026
- UBS $1.5B (13% of AUM) Mar 2026
- Charles Schwab & Co. $1.3B (11% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗