Ranked by reported Q1 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. | 7.1M | $970.5M | +0.5% | 11.244% | 0.02% |
| 2 | Aristotle Capital Management, LLC | 4.8M | $653.2M | -4.9% | 7.568% | 1.37% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.2M | $442.1M | — | 5.122% | 0.02% |
| 4 | STATE STREET CORP | 3.1M | $424.9M | -7.5% | 4.923% | 0.01% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 2.7M | $371.5M | — | 4.304% | 0.01% |
| 6 | First Eagle Investment Management, LLC | 2.3M | $310.6M | — | 3.599% | 0.41% |
| 7 | DIMENSIONAL FUND ADVISORS LP | 1.5M | $209.8M | +18.3% | 2.431% | 0.04% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 1.3M | $182.4M | +8.7% | 2.113% | 0.01% |
| 9 | KING LUTHER CAPITAL MANAGEMENT CORP | 1.3M | $181.8M | -0.5% | 2.106% | 0.79% |
| 10 | BANK OF AMERICA CORP /DE/ | 1.2M | $166.0M | +11.8% | 1.923% | 0.01% |
| 11 | Boston Trust Walden Corp | 968K | $132.7M | -7.3% | 1.537% | 1.09% |
| 12 | NORTHERN TRUST CORP | 946K | $129.7M | -0.3% | 1.502% | 0.02% |
| 13 | Champlain Investment Partners, LLC | 855K | $117.2M | -26.8% | 1.358% | 1.49% |
| 14 | MORGAN STANLEY | 852K | $116.8M | +32.7% | 1.353% | 0.01% |
| 15 | FIRST TRUST ADVISORS LP | 790K | $108.3M | +6.2% | 1.255% | 0.08% |
| 16 | WESTWOOD HOLDINGS GROUP INC | 744K | $102.0M | -4.5% | 1.181% | 0.74% |
| 17 | GOLDMAN SACHS GROUP INC | 702K | $96.2M | -4.6% | 1.114% | 0.01% |
| 18 | PRINCIPAL FINANCIAL GROUP INC | 662K | $90.8M | -3.8% | 1.052% | 0.05% |
| 19 | TWO SIGMA INVESTMENTS, LP | 660K | $90.5M | +104.4% | 1.048% | 0.07% |
| 20 | JANUS HENDERSON GROUP PLC | 647K | $88.7M | -32.9% | 1.028% | 0.04% |
| 21 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 612K | $83.9M | — | 0.972% | 0.28% |
| 22 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 553K | $75.8M | +5.1% | 0.878% | 0.01% |
| 23 | Bank of New York Mellon Corp | 543K | $74.5M | +0.7% | 0.863% | 0.01% |
| 24 | SEI INVESTMENTS CO | 518K | $71.0M | +2.7% | 0.823% | 0.07% |
| 25 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 517K | $70.8M | -17.0% | 0.821% | 0.06% |
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 Q1 2026, grouped by how each filer changed its position.
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 |
|---|---|---|---|---|---|---|
| Q1 2026 | 525 | +1.7% | 77.17% | +4.94 pp | $7.19B | +6.8% |
| Q4 2025 | 516 | +10% | 72.23% | 1.40 pp | $6.73B | 1.9% |
| Q3 2025 | 469 | 0.2% | 73.63% | 0.23 pp | $6.86B | 0.3% |
| Q2 2025 | 470 | +0.6% | 73.86% | +6.09 pp | $6.88B | +9.0% |
| Q1 2025 | 467 | +5.7% | 67.77% | 8.46 pp | $6.32B | 11% |
| Q4 2024 | 442 | +3.8% | 76.23% | +12.47 pp | $7.10B | +20% |
| Q3 2024 | 426 | +8.7% | 63.76% | 13.86 pp | $5.94B | 18% |
| Q2 2024 | 392 | — | 77.62% | — | $7.23B | — |
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 Q1 2026 13F filings, institutional ownership of Cullen/Frost Bankers, Inc. stands at 77.2%, held across 525 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of CFR, with approximately 7,079,815 shares worth $0.97B as of Q1 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 60 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
83 institutions opened new positions in CFR during Q1 2026, while 74 fully exited. 350 added to existing positions and 91 trimmed.
CFR institutional ownership rose by 4.94 percentage points quarter-over-quarter, with a net change of +9 holders.
The top 10 institutions account for 54.4% of all reported 13F value in CFR, and the top 25 account for 74.6%.
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