カレン/フロスト バンカーズ社
US ˙ NYSE ˙ US2298991090

SecurityCFR / Cullen/Frost Bankers, Inc.
InstitutionVictory Capital Management Inc
Latest Disclosed Ownership9,504 shares
Latest Disclosed Value $ 1,302,808
Victory Capital Management Inc reports 3.74% increase in ownership of CFR / Cullen/Frost Bankers, Inc.

On May 15, 2026 - Victory Capital Management Inc filed a 13F-HR form disclosing ownership of 9,504 shares of Cullen/Frost Bankers, Inc. (US:CFR) valued at $1,302,808 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 9,161 shares of Cullen/Frost Bankers, Inc.. This represents a change in shares of 3.74% during the quarter. The current value of the position is $1,332,081 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)
2026-05-15 2026-03-31 13F CULLEN FROST BANKERS COM 229899109 9,504 343 3.74 1,303 12.24 0.0006
2026-02-13 2025-12-31 13F CULLEN FROST BANKERS COM 229899109 9,161 -244 -2.59 1,160 -2.68 0.0007
2025-11-12 2025-09-30 13F CULLEN FROST BANKERS COM 229899109 9,405 -2,381 -20.20 1,192 -21.27 0.0007
2025-08-13 2025-06-30 13F CULLEN FROST BANKERS COM 229899109 11,786 -6,298 -34.83 1,515 -33.13 0.0010
2025-05-02 2025-03-31 13F CULLEN FROST BANKERS COM 229899109 18,084 6,484 55.90 2,264 45.41 0.0023
2025-02-06 2024-12-31 13F CULLEN FROST BANKERS COM 229899109 11,600 -176 -1.49 1,557 18.22 0.0015
2024-11-05 2024-09-30 13F CULLEN FROST BANKERS COM 229899109 11,776 -1,073 -8.35 1,317 0.92 0.0013
2024-08-05 2024-06-30 13F CULLEN FROST BANKERS COM 229899109 12,849 -360 -2.73 1,306 -12.18 0.0013
2024-05-03 2024-03-31 13F CULLEN FROST BANKERS COM 229899109 13,209 -181 -1.35 1,487 2.34 0.0015
2024-02-05 2023-12-31 13F CULLEN FROST BANKERS COM 229899109 13,390 1,929 16.83 1,453 38.95 0.0015
2023-11-06 2023-09-30 13F CULLEN FROST BANKERS COM 229899109 11,461 940 8.93 1,045 -7.60 0.0012
2023-07-27 2023-06-30 13F CULLEN FROST BANKERS COM 229899109 10,521 24 0.23 1,131 2.35 0.0012
2023-05-02 2023-03-31 13F CULLEN FROST BANKERS COM 229899109 10,497 -3,002 -22.24 1,106 -38.75 0.0012
2023-04-25 2022-12-31 13F/A-3 CULLEN FROST BANKERS COM 229899109 13,499 -480 -3.43 1,805 -2.38 0.0021
2023-03-10 2022-12-31 13F/A-2 CULLEN FROST BANKERS COM 229899109 13,499 -480 1,805 0.0012
2023-02-10 2022-12-31 13F/A-1 CULLEN FROST BANKERS COM 229899109 13,499 -480 1,805 0.0012
2023-02-09 2022-12-31 13F CULLEN FROST BANKERS COM 229899109 13,657 -322 1,779 0.0012
2022-11-02 2022-09-30 13F CULLEN FROST BANKERS COM 229899109 13,979 568 4.24 1,848 18.31 0.0022
2022-08-01 2022-06-30 13F CULLEN FROST BANKERS COM 229899109 13,411 349 2.67 1,562 -9.61 0.0018
2022-05-04 2022-03-31 13F CULLEN FROST BANKERS COM 229899109 13,062 5,548 73.84 1,728 82.47 0.0017
2022-02-07 2021-12-31 13F CULLEN FROST BANKERS COM 229899109 7,514 -513 -6.39 947 -0.53 0.0009
2021-11-02 2021-09-30 13F CULLEN FROST BANKERS COM 229899109 8,027 -554 -6.46 952 -0.94 0.0009
2021-08-03 2021-06-30 13F CULLEN FROST BANKERS COM 229899109 8,581 -586 -6.39 961 -3.61 0.0009
2021-05-04 2021-03-31 13F CULLEN FROST BANKERS COM 229899109 9,167 -309 -3.26 997 20.56 0.0010
2021-02-01 2020-12-31 13F CULLEN FROST BANKERS COM 229899109 9,476 -5,975 -38.67 827 -16.30 0.0009
2020-11-09 2020-09-30 13F Cullen COM 229899109 15,451 -2,812 -15.40 988 -27.57 0.0013
2020-08-07 2020-06-30 13F CULLEN FROST BANKERS COM 229899109 18,263 -1,489 -7.54 1,364 23.77 0.0018
2020-05-12 2020-03-31 13F/A-1 CULLEN FROST BANKERS COM 229899109 19,752 -659 -3.23 1,102 -44.79 0.0018
2020-05-04 2020-03-31 13F CULLEN FROST BANKERS COM 229899109 19,752 -659 1,102 1,206.0270
2020-02-06 2019-12-31 13F/A-1 CULLEN FROST BANKERS COM 229899109 20,411 -10,430 -33.82 1,996 -26.91 0.0024
2020-02-04 2019-12-31 13F CULLEN FROST BANKERS COM 229899109 20,539 -10,302 1,831 2,194.8026
2019-11-12 2019-09-30 13F CULLEN FROST BANKERS COM 229899109 30,841 -14,705 -32.29 2,731 -35.98 0.0035
2019-08-15 2019-06-30 13F CULLEN FROST BANKERS COM 229899109 45,546 6,252 15.91 4,266 11.85 0.0086
2019-05-03 2019-03-31 13F CULLEN FROST BANKERS CS 229899109 39,294 1,501 3.97 3,814 14.74 0.0087
2019-05-02 2018-12-31 13F/A-1 CULLEN FROST BANKERS COM 229899109 37,793 -120 -0.32 3,324 -16.06 0.0083
2019-02-05 2018-12-31 13F CULLEN FROST BANKERS COM 229899109 37,793 -120 3,324
2018-11-01 2018-09-30 13F CULLEN FROST BANKERS COM 229899109 37,913 8,100 27.17 3,960 22.71 0.0082
2018-08-02 2018-06-30 13F CULLEN FROST BANKERS COM 229899109 29,813 3,516 13.37 3,227 15.70 0.0069
2018-05-04 2018-03-31 13F CULLEN FROST BANKERS COM 229899109 26,297 -54,450 -67.43 2,789 -63.51 0.0061
2018-02-01 2017-12-31 13F CULLEN FROST BANKERS COM 229899109 80,747 8,002 11.00 7,643 10.69 0.0161
2017-10-27 2017-09-30 13F CULLEN FROST BANKERS COM 229899109 72,745 58,246 401.72 6,905 406.98 0.0155
2017-08-07 2017-06-30 13F CULLEN FROST BANKERS COM 229899109 14,499 2,537 21.21 1,362 28.01 0.0032
2017-05-10 2017-03-31 13F CULLEN FROST BANKERS COM 229899109 11,962 -28,490 -70.43 1,064 -70.19 0.0025
2017-02-09 2016-12-31 13F CULLEN FROST BANKERS COM 229899109 40,452 6,662 19.72 3,569 46.81 0.0090
2016-11-02 2016-09-30 13F CULLEN FROST BANKERS COM 229899109 33,790 27,353 424.93 2,431 492.93 0.0068
2016-08-09 2016-06-30 13F CULLEN FROST BANKERS COM 229899109 6,437 964 17.61 410 35.76 0.0016
2016-05-17 2016-03-31 13F/A-2 CULLEN FROST BANKERS COM 229899109 5,473 5,473 0.00 302 0.00 0.0012
2016-05-12 2016-03-31 13F/A-1 CULLEN FROST BANKERS COM 229899109 5,473 0 302 0.0012
2016-05-12 2016-03-31 13F CULLEN FROST BANKERS COM 229899109 5,473 302
2015-05-07 2015-03-31 13F Cullen COM 229899109 0 -433,850 -100.00 0 -100.00
2015-02-11 2014-12-31 13F Cullen COM 229899109 433,850 -211,200 -32.74 30,647 -37.90 0.1130
2014-10-16 2014-09-30 13F CULLEN FROST BANKERS Common Stock 229899109 645,050 -18,800 -2.83 49,354 -6.39 0.3720
2014-08-08 2014-06-30 13F Cullen Common Stock 229899109 663,850 -7,000 -1.04 52,724 1.37 0.3576
2014-05-06 2014-03-31 13F Cullen Common Stock 229899109 670,850 -16,550 -2.41 52,011 1.66 0.3529
2014-02-12 2013-12-31 13F Cullen Common Stock 229899109 687,400 -33,900 -4.70 51,163 0.54 0.3608
2014-03-12 2013-09-30 13F/A-1 Cullen Common Stock 229899109 721,300 721,300 50,887 0.3651
2013-11-12 2013-09-30 13F Cullen Common Stock 229899109 721,300 50,887
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.