[13F-HR] CULLEN/FROST BANKERS, INC. SEC Filing

Rhea-AI Filing Summary

Cullen/Frost Bankers, Inc. (CFR) filed a Form 13F Holdings Report detailing its institutional equity positions. The filing lists 1,321 information table entries with an aggregate value of $8,607,096,937. The report identifies 3 other included managers: Frost Bank - FWA; Frost Investment Advisors, LLC; and Frost Investment Services, LLC. This is a full 13F holdings report, indicating all positions managed by the reporting manager are included.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL

OMB Number:			3235-0006
Estimated average burden
hours per response:			23.8

Report for the Calendar Year or Quarter Ended: 09-30-2025

Check here if Amendment		Amendment Number:
This Amendment (Check only one.):		is a restatement.
		adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:	Cullen/Frost Bankers, Inc.
Address:	Post Office Box 1600
	San Antonio, TX 78296-1600
Form 13F File Number:	028-00183
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:		Coolidge E. Rhodes, Jr.
Title:		Group Executive VP General Counsel and Corporate Secretary
Phone:		210-220-6970
Signature, Place, and Date of Signing:
Coolidge E. Rhodes, Jr.			San Antonio, TX	10-28-2025
[Signature]			[City, State]	[Date]

Report Type (Check only one.):
X	13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
	13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
	13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

Form 13F Summary Page
	Report Summary:
	Number of Other Included Managers:		3
	Form 13F Information Table Entry Total:		1,321
	Form 13F Information Table Value Total:		8,607,096,937
			(round to nearest dollar)

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]
	No.	Name	Form 13F File No.	CRD No. (if applicable)	SEC File No. (if applicable)	CIK
	1	Frost Bank - FWA
	2	Frost Investment Advisors, LLC		000146148	801-68724
	3	Frost Investment Services, LLC		000286129	801-108754

FAQ

What did Cullen/Frost (CFR) file?

A Form 13F Holdings Report reporting institutional equity positions.

How many positions are in CFR’s latest 13F?

The filing lists 1,321 information table entries.

What is the total reported value in CFR’s 13F?

The Form 13F Information Table Value Total is $8,607,096,937.

Is this a full holdings report or a notice?

It is a 13F Holdings Report (full report), not a notice or combination report.

How many other included managers are named?

The filing lists 3 other included managers.

Who are the other included managers for CFR?

They are Frost Bank - FWA, Frost Investment Advisors, LLC, and Frost Investment Services, LLC.

Who signed the 13F for CFR?

It was signed by Coolidge E. Rhodes, Jr., Group Executive VP, General Counsel and Corporate Secretary.