Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in CFR held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 7.3M | $1.13B | +3.6% | 11.681% | 0.02% |
| 2 | Aristotle Capital Management, LLC | 4.5M | $690.0M | -6.3% | 7.111% | 1.45% |
| 3 | STATE STREET CORP | 3.2M | $497.3M | +3.8% | 5.125% | 0.01% |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.2M | $494.7M | -0.7% | 5.098% | 0.02% |
| 5 | First Eagle Investment Management, LLC | 2.8M | $429.2M | +22.6% | 4.423% | 0.36% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 2.7M | $419.6M | +0.2% | 4.324% | 0.01% |
| 7 | BAILLIE GIFFORD & CO | 2.2M | $345.1M | — | 3.556% | 0.31% |
| 8 | DIMENSIONAL FUND ADVISORS LP | 1.7M | $255.4M | +8.0% | 2.632% | 0.05% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 1.3M | $206.7M | +0.5% | 2.130% | 0.01% |
| 10 | KING LUTHER CAPITAL MANAGEMENT CORP | 1.2M | $192.5M | -6.0% | 1.984% | 0.79% |
| 11 | TWO SIGMA INVESTMENTS, LP | 1.1M | $176.8M | +73.4% | 1.822% | 0.13% |
| 12 | BANK OF AMERICA CORP /DE/ | 962K | $148.7M | -20.5% | 1.532% | 0.01% |
| 13 | NORTHERN TRUST CORP | 947K | $146.4M | +0.2% | 1.509% | 0.02% |
| 14 | MORGAN STANLEY | 843K | $130.2M | -1.1% | 1.342% | 0.01% |
| 15 | NORGES BANK | 747K | $115.5M | — | 1.190% | 0.01% |
| 16 | Boston Trust Walden Corp | 732K | $113.2M | -24.3% | 1.166% | 0.86% |
| 17 | PRINCIPAL FINANCIAL GROUP INC | 654K | $101.1M | -1.2% | 1.042% | 0.05% |
| 18 | GOLDMAN SACHS GROUP INC | 652K | $100.7M | -7.1% | 1.038% | 0.01% |
| 19 | FIRST TRUST ADVISORS LP | 632K | $97.6M | -20.1% | 1.006% | 0.06% |
| 20 | Jupiter Topco LLC | 610K | $94.3M | — | 0.972% | 0.04% |
| 21 | JPMORGAN CHASE & CO | 596K | $92.7M | -2.9% | 0.950% | 0.01% |
| 22 | WESTWOOD HOLDINGS GROUP INC | 591K | $91.2M | -20.6% | 0.940% | 0.69% |
| 23 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 579K | $89.4M | -5.4% | 0.922% | 0.27% |
| 24 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 550K | $85.0M | -0.5% | 0.876% | 0.01% |
| 25 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 519K | $80.1M | +0.3% | 0.826% | 0.03% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in CFR — a direct measure of their conviction.
Filings activity in CFR during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new CFR position in Q2 2026
Institutions that fully closed their CFR position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 570 | +5.9% | 91.02% | +3.31 pp | $8.58B | +17% |
| Q1 2026 | 538 | +4.3% | 87.71% | 0.23 pp | $7.33B | +8.9% |
| Q4 2025 | 516 | +9.6% | 87.94% | 0.78 pp | $6.73B | 1.9% |
| Q3 2025 | 471 | +0.2% | 88.72% | +2.89 pp | $6.86B | 0.3% |
| Q2 2025 | 470 | +0.6% | 85.83% | 0.02 pp | $6.88B | +9.0% |
| Q1 2025 | 467 | +5.7% | 85.85% | 3.03 pp | $6.32B | 11% |
| Q4 2024 | 442 | +3.8% | 88.88% | +0.69 pp | $7.10B | +20% |
| Q3 2024 | 426 | — | 88.19% | — | $5.94B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying CFR stock.
Based on Q2 2026 13F filings, institutional ownership of Cullen/Frost Bankers, Inc. stands at 91.0%, held across 570 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of CFR, with approximately 7,335,319 shares worth $1.13B as of Q2 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of CFR, including TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for CFR is 66 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
74 institutions opened new positions in CFR during Q2 2026, while 48 fully exited. 406 added to existing positions and 72 trimmed.
CFR institutional ownership rose by 3.31 percentage points quarter-over-quarter, with a net change of +32 holders.
The top 10 institutions account for 54.3% of all reported 13F value in CFR, and the top 25 account for 73.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Cullen/Frost Bankers, Inc. (CFR) Institutional Ownership