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

SecurityCFR / Cullen/Frost Bankers, Inc.
InstitutionNatixis Advisors, L.p.
Latest Disclosed Ownership318,160 shares
Latest Disclosed Value $ 43,614
Natixis Advisors, L.p. reports 14.79% decrease in ownership of CFR / Cullen/Frost Bankers, Inc.

On May 13, 2026 - Natixis Advisors, L.p. filed a 13F-HR form disclosing ownership of 318,160 shares of Cullen/Frost Bankers, Inc. (US:CFR) valued at $43,613,373 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 373,373 shares of Cullen/Frost Bankers, Inc.. This represents a change in shares of -14.79% during the quarter. The current value of the position is $42,722,525 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)
2026-05-13 2026-03-31 13F CULLEN FROST BANKERS COM 229899109 318,160 -55,213 -14.79 44 -8.51 0.0607
2026-02-10 2025-12-31 13F CULLEN FROST BANKERS COM 229899109 373,373 8,003 2.19 47 2.17 0.0670
2025-11-13 2025-09-30 13F CULLEN FROST BANKERS COM 229899109 365,370 36,952 11.25 46 9.52 0.0676
2025-08-13 2025-06-30 13F CULLEN FROST BANKERS COM 229899109 328,418 38,942 13.45 42 16.67 0.0670
2025-05-08 2025-03-31 13F CULLEN FROST BANKERS COM 229899109 289,476 12,926 4.67 36 -2.70 0.0670
2025-02-10 2024-12-31 13F CULLEN FROST BANKERS COM 229899109 276,550 52,895 23.65 37 48.00 0.0694
2024-11-06 2024-09-30 13F CULLEN FROST BANKERS COM 229899109 223,655 167,828 300.62 25 400.00 0.0488
2024-08-01 2024-06-30 13F CULLEN FROST BANKERS COM 229899109 55,827 14,491 35.06 6 25.00 0.0123
2024-04-25 2024-03-31 13F CULLEN FROST BANKERS COM 229899109 41,336 24,285 142.43 5 300.00 0.0107
2024-02-06 2023-12-31 13F CULLEN FROST BANKERS COM 229899109 17,051 4,762 38.75 2 0.00 0.0049
2023-11-13 2023-09-30 13F CULLEN FROST BANKERS COM 229899109 12,289 -3,274 -21.04 1 0.00 0.0034
2023-08-15 2023-06-30 13F CULLEN FROST BANKERS COM 229899109 15,563 1,080 7.46 2 0.00 0.0052
2023-05-11 2023-03-31 13F CULLEN FROST BANKERS COM 229899109 14,483 -29 -0.20 2 0.00 0.0053
2023-01-27 2022-12-31 13F CULLEN FROST BANKERS COM 229899109 14,512 -507 -3.38 2 -99.95 0.0073
2022-11-14 2022-09-30 13F CULLEN FROST BANKERS COM 229899109 15,019 1,678 12.58 1,986 27.80 0.0084
2022-08-12 2022-06-30 13F CULLEN FROST BANKERS COM 229899109 13,341 801 6.39 1,554 -10.48 0.0068
2022-05-12 2022-03-31 13F CULLEN FROST BANKERS COM 229899109 12,540 12,540 1,736 0.0066
2016-02-12 2015-12-31 13F CULLEN FROST BANKERS COM 229899109 0 0 0 0.0000
2015-11-12 2015-09-30 13F CULLEN FROST BANKERS COM 229899109 0 0 0 0.0000
2014-11-03 2014-09-30 13F CULLEN FROST BANKERS COM 229899109 0 -3,433 -100.00 0 -100.00
2014-08-13 2014-06-30 13F CULLEN FROST BANKERS COM 229899109 3,433 134 4.06 273 6.64 0.0039
2014-05-13 2014-03-31 13F CULLEN FROST BANKERS COM 229899109 3,299 229 7.46 256 11.79 0.0039
2014-02-12 2013-12-31 13F CULLEN FROST BANKERS COM 229899109 3,070 -66 -2.10 229 3.62 0.0037
2013-10-30 2013-09-30 13F CULLEN FROST BANKERS COM 229899109 3,136 -135 -4.13 221 1.38 0.0041
2013-07-19 2013-06-30 13F CULLEN FROST BANKERS COM 229899109 3,271 3,271 218 0.0043
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.