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

SecurityCFR / Cullen/Frost Bankers, Inc.
InstitutionBessemer Group Inc
Latest Disclosed Ownership126,245 shares
Latest Disclosed Value $ 17,306
Bessemer Group Inc reports 32.39% decrease in ownership of CFR / Cullen/Frost Bankers, Inc.

On May 6, 2026 - Bessemer Group Inc filed a 13F-HR form disclosing ownership of 126,245 shares of Cullen/Frost Bankers, Inc. (US:CFR) valued at $17,305,665 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 186,738 shares of Cullen/Frost Bankers, Inc.. This represents a change in shares of -32.39% during the quarter. The current value of the position is $16,952,179 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-05-06 2026-03-31 13F CULLEN FROST BANKERS SC 229899109 126,245 -60,493 -32.39 17 -26.09 0.0272
2026-02-05 2025-12-31 13F CULLEN FROST BANKERS SC 229899109 186,738 169,395 976.73 24 1,050.00 0.0363
2025-11-05 2025-09-30 13F CULLEN FROST BANKERS SC 229899109 17,343 3,512 25.39 2 100.00 0.0034
2025-08-01 2025-06-30 13F CULLEN FROST BANKERS SC 229899109 13,831 -5,052 -26.75 2 -50.00 0.0029
2025-04-23 2025-03-31 13F CULLEN FROST BANKERS SC 229899109 18,883 -23,232 -55.16 2 -60.00 0.0042
2025-02-13 2024-12-31 13F CULLEN FROST BANKERS SC 229899109 42,115 -3,065 -6.78 6 0.00 0.0092
2024-11-12 2024-09-30 13F CULLEN FROST BANKERS SC 229899109 45,180 29,400 186.31 5 400.00 0.0083
2024-08-13 2024-06-30 13F CULLEN FROST BANKERS SC 229899109 15,780 -74 -0.47 2 0.00 0.0028
2024-08-13 2024-03-31 13F/A-1 CULLEN FROST BANKERS SC 229899109 15,854 3,116 24.46 2 0.00 0.0032
2024-05-13 2024-03-31 13F CULLEN FROST BANKERS SC 229899109 15,854 3,116 2 0.0032
2024-02-09 2023-12-31 13F CULLEN FROST BANKERS SC 229899109 12,738 6,302 97.92 1 0.0027
2023-11-13 2023-09-30 13F CULLEN FROST BANKERS SC 229899109 6,436 6,370 9,651.52 1 0.0013
2023-08-10 2023-06-30 13F CULLEN FROST BANKERS SC 229899109 66 51 340.00 0 0.0000
2023-05-10 2023-03-31 13F CULLEN FROST BANKERS SC 229899109 15 15 0 0.0000
2023-02-13 2022-12-31 13F CULLEN FROST BANKERS SC 229899109 0 -134 -100.00 0 -100.00
2022-11-09 2022-09-30 13F CULLEN FROST BANKERS SC 229899109 134 58 76.32 18 100.00 0.0000
2022-08-10 2022-06-30 13F CULLEN FROST BANKERS SC 229899109 76 -1,664 -95.63 9 -96.27 0.0000
2022-05-12 2022-03-31 13F CULLEN FROST BANKERS SC 229899109 1,740 0 0.00 241 10.05 0.0005
2022-01-27 2021-12-31 13F CULLEN FROST BANKERS SC 229899109 1,740 0 0.00 219 5.80 0.0004
2021-11-12 2021-09-30 13F CULLEN FROST BANKERS SC 229899109 1,740 40 2.35 207 8.95 0.0004
2021-08-06 2021-06-30 13F CULLEN FROST BANKERS SC 229899109 1,700 1,700 190 0.0004
2020-02-04 2019-12-31 13F CULLEN FROST BANKERS SC 229899109 0 -8 -100.00 0 -100.00
2019-11-07 2019-09-30 13F CULLEN FROST BANKERS SC 229899109 8 8 1 0.0000
2019-05-21 2018-12-31 13F/A-1 CULLEN FROST BANKERS SC 229899109 0 -201 -100.00 0 -100.00
2018-11-06 2018-09-30 13F CULLEN FROST BANKERS SC 229899109 201 201 21 0.0001
2018-07-25 2018-06-30 13F CULLEN FROST BANKERS SC 229899109 0 -900 -100.00 0 -100.00
2018-05-10 2018-03-31 13F CULLEN FROST BANKERS SC 229899109 900 0 0.00 95 11.76 0.0004
2018-01-30 2017-12-31 13F CULLEN FROST BANKERS SC 229899109 900 -300 -25.00 85 -24.78 0.0003
2017-11-03 2017-09-30 13F CULLEN FROST BANKERS SC 229899109 1,200 300 33.33 113 32.94 0.0005
2017-07-27 2017-06-30 13F CULLEN FROST BANKERS SC 229899109 900 0 0.00 85 6.25 0.0003
2017-05-12 2017-03-31 13F CULLEN FROST BANKERS SC 229899109 900 -10 -1.10 80 0.00 0.0003
2017-02-07 2016-12-31 13F CULLEN FROST BANKERS SC 229899109 910 10 1.11 80 23.08 0.0004
2016-11-10 2016-09-30 13F CULLEN FROST BANKERS SC 229899109 900 -980 -52.13 65 -45.38 0.0003
2016-08-11 2016-06-30 13F CULLEN FROST BANKERS SC 229899109 1,880 -153 -7.53 119 6.25 0.0007
2016-05-11 2016-03-31 13F CULLEN FROST BANKERS SC 229899109 2,033 103 5.34 112 -3.45 0.0006
2016-02-12 2015-12-31 13F CULLEN FROST BANKERS SC 229899109 1,930 50 2.66 116 -2.52 0.0006
2015-11-16 2015-09-30 13F CULLEN FROST BANKERS SC 229899109 1,880 0 0.00 119 -19.59 0.0007
2015-08-14 2015-06-30 13F CULLEN FROST BANKERS SC 229899109 1,880 0 0.00 148 13.85 0.0008
2015-06-18 2015-03-31 13F/A-1 CULLEN FROST BANKERS SC 229899109 1,880 942 100.43 130 94.03 0.0007
2015-05-14 2015-03-31 13F CULLEN FROST BANKERS SC 229899109 1,880 130
2015-02-17 2014-12-31 13F CULLEN FROST BANKERS SC 229899109 938 38 4.22 67 -2.90 0.0004
2014-12-11 2014-09-30 13F/A-1 CULLEN FROST BANKERS SC 229899109 900 0 0.00 69 -2.82 0.0004
2014-11-13 2014-09-30 13F CULLEN FROST BANKERS SC 229899109 900 0 69 0.0004
2014-08-13 2014-06-30 13F CULLEN FROST BANKERS SC 229899109 900 0 0.00 71 2.90 0.0004
2014-05-14 2014-03-31 13F CULLEN FROST BANKERS SC 229899109 900 0 0.00 69 4.55 0.0005
2014-02-18 2013-12-31 13F CULLEN FROST BANKERS SC 229899109 900 0 0.00 66 4.76 0.0005
2013-11-08 2013-09-30 13F CULLEN FROST BANKERS SC 229899109 900 0 0.00 63 5.00 0.0005
2013-08-14 2013-06-30 13F CULLEN FROST BANKERS SC 229899109 900 900 60 0.0005
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.