Cullen/Frost Bankers, Inc.
US ˙ NYSE ˙ US2298991090

SecurityCFR / Cullen/Frost Bankers, Inc.
InstitutionCaptrust Financial Advisors
Latest Disclosed Ownership27,154 shares
Latest Disclosed Value $ 3,722,223
Captrust Financial Advisors reports 57.23% increase in ownership of CFR / Cullen/Frost Bankers, Inc.

On May 14, 2026 - Captrust Financial Advisors filed a 13F-HR form disclosing ownership of 27,154 shares of Cullen/Frost Bankers, Inc. (US:CFR) valued at $3,722,270 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 17,270 shares of Cullen/Frost Bankers, Inc.. This represents a change in shares of 57.23% during the quarter. The current value of the position is $3,743,722 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F CULLEN FROST BANKERS INC COM Stock 229899109 27,154 9,884 57.23 3,722 70.27 0.0064
2026-02-17 2025-12-31 13F CULLEN FROST BANKERS INC COM Stock 229899109 17,270 5,112 42.05 2,187 41.86 0.0042
2025-11-19 2025-09-30 13F CULLEN FROST BANKERS INC COM Stock 229899109 12,158 -8,342 -40.69 1,541 -41.52 0.0031
2025-08-15 2025-06-30 13F CULLEN FROST BANKERS INC COM Stock 229899109 20,500 388 1.93 2,635 4.65 0.0059
2025-05-15 2025-03-31 13F CULLEN FROST BANKERS INC COM Stock 229899109 20,112 1,771 9.66 2,518 2.27 0.0063
2025-02-14 2024-12-31 13F CULLEN FROST BANKERS INC COM Stock 229899109 18,341 819 4.67 2,462 25.61 0.0070
2024-11-14 2024-09-30 13F CULLEN FROST BANKERS INC COM Stock 229899109 17,522 547 3.22 1,960 13.62 0.0058
2024-08-15 2024-06-30 13F CULLEN FROST BANKERS INC COM Stock 229899109 16,975 -219 -1.27 1,725 -10.85 0.0056
2024-05-15 2024-03-31 13F CULLEN FROST BANKERS INC COM Stock 229899109 17,194 -2,073 -10.76 1,936 -7.42 0.0071
2024-02-14 2023-12-31 13F CULLEN FROST BANKERS INC COM Stock 229899109 19,267 -1,237 -6.03 2,090 11.76 0.0072
2023-11-15 2023-09-30 13F CULLEN FROST BANKERS INC COM Stock 229899109 20,504 5,518 36.82 1,870 16.08 0.0071
2023-08-15 2023-06-30 13F CULLEN FROST BANKERS INC COM Stock 229899109 14,986 1,575 11.74 1,611 14.09 0.0064
2023-05-15 2023-03-31 13F CULLEN FROST BANKERS INC COM Stock 229899109 13,411 -14,829 -52.51 1,413 -62.60 0.0062
2023-02-15 2022-12-31 13F CULLEN FROST BANKERS INC COM Stock 229899109 28,240 12,723 81.99 3,776 83.97 0.0190
2022-11-16 2022-09-30 13F CULLEN FROST BANKERS INC COM Stock 229899109 15,517 -5,677 -26.79 2,052 -16.86 0.0119
2022-08-23 2022-06-30 13F/A-1 CULLEN FROST BANKERS INC COM Common Stock 229899109 21,194 -597 -2.74 2,468 -18.17 0.0159
2022-08-16 2022-06-30 13F CULLEN FROST BANKERS INC COM COM 229899109 22,788 997 2,654 0.0193
2022-05-16 2022-03-31 13F CULLEN FROST BANKERS COM 229899109 21,791 3,186 17.12 3,016 28.56 0.0195
2022-02-14 2021-12-31 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 18,605 2,758 17.40 2,346 24.79 0.0161
2021-11-16 2021-09-30 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 15,847 -57 -0.36 1,880 5.56 0.0156
2021-08-16 2021-06-30 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 15,904 120 0.76 1,781 3.73 0.0166
2021-05-17 2021-03-31 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 15,784 -216 -1.35 1,717 22.99 0.0186
2021-02-16 2020-12-31 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 16,000 495 3.19 1,396 41.30 0.0185
2020-11-17 2020-09-30 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 15,505 280 1.84 988 -9.02 0.0164
2020-08-14 2020-06-30 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 15,225 -1,408 -8.47 1,086 22.30 0.0179
2020-05-15 2020-03-31 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 16,633 -597 -3.46 888 -47.33 0.0196
2020-02-14 2019-12-31 13F CULLEN FROST BANKERS COM 229899109 17,230 16,145 1,488.02 1,686 1,656.25 0.0266
2019-11-14 2019-09-30 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 1,085 -735 -40.38 96 -43.53 0.0034
2019-08-13 2019-06-30 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 1,820 -370 -16.89 170 -20.19 0.0063
2019-05-15 2019-03-31 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 2,190 -320 -12.75 213 -3.62 0.0086
2019-02-13 2018-12-31 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 2,510 0 0.00 221 -15.65 0.0119
2018-11-15 2018-09-30 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 2,510 1,580 169.89 262 159.41 0.0117
2018-08-13 2018-06-30 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 930 0 0.00 101 5.21 0.0056
2018-05-15 2018-03-31 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 930 340 57.63 96 71.43 0.0059
2018-02-14 2017-12-31 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 590 590 56 0.0034
2017-11-13 2017-09-30 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 0 -253 -100.00 0 -100.00
2017-08-10 2017-06-30 13F CULLEN FROST BANKERS INC COM Common Stock 229899109 253 253 24 0.0021
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.