0000950123-21-013947.txt : 20211105 0000950123-21-013947.hdr.sgml : 20211105 20211104200952 ACCESSION NUMBER: 0000950123-21-013947 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210930 FILED AS OF DATE: 20211105 DATE AS OF CHANGE: 20211104 EFFECTIVENESS DATE: 20211105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cullen Capital Management, LLC CENTRAL INDEX KEY: 0001362535 IRS NUMBER: 061614949 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11905 FILM NUMBER: 211381866 BUSINESS ADDRESS: STREET 1: 645 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-644-1800 MAIL ADDRESS: STREET 1: 645 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR 1 primary_doc.xml 13F-HR LIVE 0001362535 XXXXXXXX 09-30-2021 09-30-2021 false CULLEN CAPITAL MANAGEMENT, LLC

645 Fifth Ave New York NY 10022

13F HOLDINGS REPORT 028-11905 N STEVEN M MULLOOLY 212-843-0570 STEVEN M MULLOOLY NEW YORK NY 11-04-2021 0 271 10178474 false INFORMATION TABLE 2 6726.xml INFORMATION TABLE FOR FORM 13F Acadian Timber Corp. COM 004272100 499 33550 SH SOLE 33550 0 0 AIA Group Ltd COM Y002A1105 20371 1763037 SH SOLE 1763037 0 0 Akzo Nobel NV (ADR) ADR 010199503 221 6088 SH SOLE 6088 0 0 Allianz SE COM D03080112 5863 25979 SH SOLE 25979 0 0 Allianz SE (ADR) ADR 018820100 32903 1464955 SH SOLE 975069 0 489886 Altria Group Inc. COM 02209S103 134718 2959532 SH SOLE 2401968 0 557564 American Express Co. COM 025816109 3343 19956 SH SOLE 19956 0 0 Ameris Bancorp COM 03076K108 1064 20505 SH SOLE 20505 0 0 Amgen Inc. COM 031162100 447 2104 SH SOLE 2104 0 0 Anglo American PLC COM 3662Q1053 14952 423156 SH SOLE 423156 0 0 Apple Inc. COM 037833100 798 5640 SH SOLE 5640 0 0 Applied Materials Inc. COM 038222105 488 3789 SH SOLE 3789 0 0 Arca Continental SAB de CV COM P0448R103 12904 2116458 SH SOLE 2116458 0 0 Archer-Daniels-Midland Co. COM 039483102 1502 25029 SH SOLE 25029 0 0 Arrow Electronics Inc. COM 042735100 4078 36318 SH SOLE 36318 0 0 Ascendas India Trust COM Y0259C104 8903 8453836 SH SOLE 8453836 0 0 Ascendas Real Estate Investmen COM Y0205X103 5501 2489871 SH SOLE 2489871 0 0 ASE Technology Holding Co. Ltd ADR 00215W100 49253 6274243 SH SOLE 4951137 0 1323106 AT&T Inc. COM 00206R102 160798 5953275 SH SOLE 4757986 0 1195289 Avnet Inc. COM 053807103 466 12606 SH SOLE 12606 0 0 Axalta Coating Systems Ltd. COM G0750C108 2015 69020 SH SOLE 69020 0 0 BAE Systems PLC COM G06940103 5920 777369 SH SOLE 777369 0 0 BAE Systems PLC (ADR) ADR 05523R107 41589 1360453 SH SOLE 973187 0 387266 Banco Del Bajio COM P1R2ZN117 60 31850 SH SOLE 31850 0 0 Bank of America Corp. COM 060505104 244415 5757727 SH SOLE 4642899 0 1114828 Barrett Business Services Inc. COM 068463108 956 12533 SH SOLE 12533 0 0 BAWAG Group AG COM 443201108 697 10930 SH SOLE 10930 0 0 Bayerische Motoren Werke (BMW) ADR 072743305 216 6599 SH SOLE 6599 0 0 BCE Inc. COM 05534B760 258018 5154166 SH SOLE 4038212 0 1115954 BGSF Inc. COM 05601C105 1018 79622 SH SOLE 79622 0 0 Bizlink Holding Inc. COM G11474106 272 33800 SH SOLE 33800 0 0 Blackstone Inc COM 09260D107 690 5935 SH SOLE 5935 0 0 BMW AG COM D12096109 2441 25460 SH SOLE 25460 0 0 BNP Paribas SA COM F1058Q238 17140 266901 SH SOLE 266901 0 0 BNP Paribas SA (ADR) ADR 05565A202 60807 1896651 SH SOLE 1351479 0 545172 BOEING CO/THE COM 097023105 2519 11452 SH SOLE 11452 0 0 BorgWarner Inc. COM 099724106 2915 67451 SH SOLE 67451 0 0 Boston Properties Inc. COM 101121101 563 5192 SH SOLE 5192 0 0 Bristol-Myers Squibb Co. 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COM 171798101 1277 14650 SH SOLE 14650 0 0 Cisco Systems Inc. COM 17275R102 188854 3469672 SH SOLE 2780037 0 689635 CITIC Securities Company Ltd. COM Y1639N117 11903 4670337 SH SOLE 4670337 0 0 Citigroup Inc. COM 172967424 164002 2336880 SH SOLE 1857996 0 478884 Coca-Cola Bottling Co. Consoli COM 191098102 224 568 SH SOLE 568 0 0 Coca-Cola Femsa SAB de CV (ADR ADR 191241108 1853 32938 SH SOLE 32938 0 0 Columbia Sportswear Co. COM 198516106 736 7680 SH SOLE 7680 0 0 Comcast Corp. (Cl A) COM 20030N101 2619 46819 SH SOLE 46819 0 0 Communication Services Select COM 81369Y852 275 3431 SH SOLE 3431 0 0 Comtech Telecommunications Cor COM 205826209 1026 40066 SH SOLE 40066 0 0 ConAgra Brands Inc. COM 205887102 19226 567636 SH SOLE 567636 0 0 ConocoPhillips COM 20825C104 167990 2478827 SH SOLE 2023739 0 455088 Consumer Staples Select Sector COM 81369Y308 294 4266 SH SOLE 4266 0 0 Copa Holdings S.A. COM P31076105 357 4382 SH SOLE 4382 0 0 Crane Co. COM 224399105 207 2187 SH SOLE 2187 0 0 CSX Corp. COM 126408103 724 24356 SH SOLE 24356 0 0 Danone S.A. (ADR) ADR 23636T100 265 19528 SH SOLE 19528 0 0 Denka Company Ltd. COM J1257M109 7498 212318 SH SOLE 212318 0 0 Denny's Corp. COM 24869P104 972 59494 SH SOLE 59494 0 0 Deutsche Post AG COM D19225107 7144 113205 SH SOLE 113205 0 0 Deutsche Post AG (ADR) ADR 25157Y202 45160 715801 SH SOLE 523406 0 192395 Deutsche Telekom AG (ADR) ADR 251566105 25254 1253318 SH SOLE 787291 0 466027 Diageo PLC (ADR) ADR 25243Q205 119615 619769 SH SOLE 485281 0 134488 DNB Bank ASA (ADR) ADR 23341C103 38777 1690349 SH SOLE 1244964 0 445385 Doman Building Materials Group COM 25703L100 62 12300 SH SOLE 12300 0 0 Dominion Resources Inc. COM 25746U109 622 8520 SH SOLE 8520 0 0 Domtar Corp. COM 257559203 250 4587 SH SOLE 4587 0 0 Dow Inc COM 260557103 135597 2355744 SH SOLE 1987601 0 368143 Duke Energy Corp. 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COM 372460105 201063 1658522 SH SOLE 1361305 0 297217 GlaxoSmithKline PLC (ADR) ADR 37733W105 2227 58274 SH SOLE 58274 0 0 Globaltrans Investment PLC GDR COM 37949E204 6243 777510 SH SOLE 777510 0 0 Great Western Bancorp Inc. COM 391416104 1360 41530 SH SOLE 41530 0 0 Haemonetics Corp. COM 405024100 930 13179 SH SOLE 13179 0 0 Healthpeak Properties Inc COM 42250P103 164644 4917677 SH SOLE 3977267 0 940410 Helmerich & Payne Inc. COM 423452101 423 15430 SH SOLE 15430 0 0 HollyFrontier Corp. COM 436106108 503 15196 SH SOLE 15196 0 0 Honeywell International Inc. COM 438516106 4035 18985 SH SOLE 18985 0 0 Host Hotels & Resorts Inc. COM 44107P104 962 58908 SH SOLE 58908 0 0 Huntsman Corp. COM 447011107 752 25427 SH SOLE 25427 0 0 Iberdola SA (ADR) ADR 450737101 30277 752406 SH SOLE 516506 0 235900 ICICI Bank Ltd. (ADR) ADR 45104G104 17327 918251 SH SOLE 918251 0 0 ING Groep NV (ADR) ADR 456837103 271 18726 SH SOLE 18726 0 0 Intel Corp. COM 458140100 199719 3748475 SH SOLE 3010572 0 737903 Intesa Sanpaolo SPA COM T55067101 39 13739 SH SOLE 13739 0 0 iShares MSCI Emerging Markets COM 464287234 622 12355 SH SOLE 12355 0 0 iShares MSCI India ETF COM 46429B598 7127 146380 SH SOLE 146380 0 0 iShares MSCI South Korea ETF COM 464286772 9809 121612 SH SOLE 121612 0 0 iShares MSCI Taiwan ETF COM 46434G772 10473 168890 SH SOLE 168890 0 0 iShares Russell 1000 Value ETF COM 464287598 211 1351 SH SOLE 1351 0 0 Itau Unibanco Holding SA-Pref ADR 465562106 807 153047 SH SOLE 153047 0 0 Johnson & Johnson COM 478160104 216605 1341208 SH SOLE 1055207 0 286001 Johnson Controls International COM G51502105 228042 3349617 SH SOLE 2689009 0 660608 Jones Lang LaSalle Inc. COM 48020Q107 220 885 SH SOLE 885 0 0 JP Morgan Chase & Co. COM 46625H100 285085 1741616 SH SOLE 1405399 0 336217 Kaspi.kz JSC COM 48581R205 12516 117852 SH SOLE 117852 0 0 Kimberly-Clark Corp. COM 494368103 141555 1068825 SH SOLE 824732 0 244093 Klabin S/A UNT N2 COM P6115V251 137 30730 SH SOLE 30730 0 0 KT&G Corp. COM Y49904108 277 4040 SH SOLE 4040 0 0 KWG Group Holdings COM G53224104 12681 12971741 SH SOLE 12971741 0 0 Lazard Ltd. COM G54050102 443 9670 SH SOLE 9670 0 0 Link REIT COM Y5281M111 111 13000 SH SOLE 13000 0 0 Lowe's Cos. Inc. COM 548661107 152320 750861 SH SOLE 613036 0 137825 Lukoil PJSC (ADR) ADR 69343P105 26122 275954 SH SOLE 275954 0 0 Lundin Mining Corp. COM 550372106 481 66974 SH SOLE 66974 0 0 Lundin Mining Corp. COM 550372106 167 23214 SH SOLE 23214 0 0 Mahindra & Mahindra Reg S (GDR COM Y54164119 568 52586 SH SOLE 52586 0 0 Mapletree Industrial Trust COM Y5759S103 187 91350 SH SOLE 91350 0 0 MasterCraft Boat Holdings Inc. COM 57637H103 325 12940 SH SOLE 12940 0 0 Mayville Engineering Company I COM 578605107 800 42540 SH SOLE 42540 0 0 McDonald's Corp. 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COM G6382M109 263 308400 SH SOLE 308400 0 0 National Bank of Canada COM 633067103 1703 22160 SH SOLE 22160 0 0 Nestle SA COM H57312649 7163 59224 SH SOLE 59224 0 0 Nestle SA (ADR) ADR 641069406 47957 398944 SH SOLE 284346 0 114598 Newmont Corp. COM 651639106 297 5465 SH SOLE 5465 0 0 NextEra Energy Inc COM 65339F101 209779 2671667 SH SOLE 2055152 0 616515 Nippon Telegraph & Telephone C COM J59396101 9284 334917 SH SOLE 334917 0 0 Nippon Telegraph & Telephone C ADR 654624105 50339 1813381 SH SOLE 1351016 0 462365 NN Group NV (ADR) ADR 629334103 56177 2155667 SH SOLE 1591223 0 564444 Norfolk Southern Corp. COM 655844108 209 875 SH SOLE 875 0 0 Novartis AG COM H5820Q150 2393 29019 SH SOLE 29019 0 0 Novartis AG (ADR) ADR 66987V109 245229 2998638 SH SOLE 2411558 0 587080 OPAP SA COM X3232T104 12696 819181 SH SOLE 819181 0 0 OPAP SA (ADR) ADR 392483103 7432 977945 SH SOLE 977945 0 0 Oracle Corp. COM 68389X105 4798 55065 SH SOLE 55065 0 0 Otis Worldwide Corporation COM 68902V107 297 3610 SH SOLE 3610 0 0 Pacific Basin Shipping Ltd. COM G68437139 32 68000 SH SOLE 68000 0 0 Packaging Corp. of America COM 695156109 2210 16077 SH SOLE 16077 0 0 Parkway Life REIT COM Y67202104 623 182000 SH SOLE 182000 0 0 PAX Global Technology Ltd. COM G6955J103 428 338000 SH SOLE 338000 0 0 PepsiCo Inc. COM 713448108 789 5245 SH SOLE 5245 0 0 Persimmon PLC (ADR) ADR 715318101 44727 612111 SH SOLE 454115 0 157996 Pfizer Inc. COM 717081103 205562 4779390 SH SOLE 3863055 0 916335 Philip Morris International In COM 718172109 224838 2371960 SH SOLE 1903053 0 468907 Polymetal International PLC COM 98419M100 10622 626681 SH SOLE 626681 0 0 Power Corporation of Canada COM 739239101 40758 1231214 SH SOLE 900552 0 330662 Power Corporation of Canada COM 739239101 7859 238470 SH SOLE 238470 0 0 PPL Corp. 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COM 75513E101 245231 2852848 SH SOLE 2409495 0 443353 Real Estate Select Sector SPDR COM 81369Y860 276 6202 SH SOLE 6202 0 0 Rio Tinto PLC (ADR) ADR 767204100 27787 415854 SH SOLE 415854 0 0 Roche Holding AG COM H69293217 6116 16665 SH SOLE 16665 0 0 Roche Holding AG (ADR) ADR 771195104 47856 1052478 SH SOLE 764337 0 288141 Rolls-Royce Holdings PLC (ADR) ADR 775781206 88 48000 SH SOLE 48000 0 0 Royal Bank of Canada COM 780087102 549 5515 SH SOLE 5515 0 0 Ruth's Hospitality Group Inc. COM 783332109 710 34296 SH SOLE 34296 0 0 Samsung Electronics Co. Ltd. - COM 796050201 5252 3602 SH SOLE 3602 0 0 Samsung Electronics Co. Ltd. - COM Y74718118 1913 32560 SH SOLE 32560 0 0 Samsung Electronics GDR COM 796050888 4123 2639 SH SOLE 2639 0 0 Sanofi COM F5548N101 4587 47663 SH SOLE 47663 0 0 Sanofi (ADR) ADR 80105N105 38246 793312 SH SOLE 587078 0 206234 Sberbank of Russia PJSC (ADR) ADR 80585Y308 20180 1076253 SH SOLE 1076253 0 0 Seagate Technology PLC COM G7997R103 235 2850 SH SOLE 2850 0 0 Sempra Energy COM 816851109 1093 8642 SH SOLE 8642 0 0 Sensata Technologies Holding P COM G8060N102 1516 27709 SH SOLE 27709 0 0 Shinhan Financial Group Compan ADR 824596100 10215 303387 SH SOLE 303387 0 0 Siemens AG COM D69671218 7670 46657 SH SOLE 46657 0 0 Siemens AG (ADR) ADR 826197501 230071 2800962 SH SOLE 2178528 0 622434 Silicon Motion Technology Corp ADR 82706C108 6286 91127 SH SOLE 91127 0 0 Simon Property Group Inc. COM 828806109 531 4084 SH SOLE 4084 0 0 Singapore Technologies Enginee COM Y7996W103 86 30805 SH SOLE 30805 0 0 SK Telecom Co Ltd (ADR) ADR 78440P108 12053 400427 SH SOLE 400427 0 0 Skyworks Solutions Inc. COM 83088M102 2211 13417 SH SOLE 13417 0 0 Smurfit Kappa Group PLC COM G8248F104 10640 202412 SH SOLE 202412 0 0 Smurfit Kappa Group PLC (ADR) ADR 83272W106 54706 1039449 SH SOLE 752111 0 287338 Softbank Corp (ADR) ADR 83405K102 59609 4366993 SH SOLE 3248301 0 1118692 Sonic Healthcare Ltd. COM Q8563C107 6859 233375 SH SOLE 233375 0 0 Sonic Healthcare Ltd. (ADR) ADR 83546A203 41170 1415274 SH SOLE 1029890 0 385384 SouthState Corp. COM 840441109 491 6582 SH SOLE 6582 0 0 Spirit AeroSystems Holdings In COM 848574109 662 14987 SH SOLE 14987 0 0 Spirit of Texas Bancshares In COM 84861D103 787 32533 SH SOLE 32533 0 0 Steelcase Inc. COM 858155203 383 30176 SH SOLE 30176 0 0 Stella International Holdings COM G84698102 39 30050 SH SOLE 30050 0 0 Stora Enso Oyj COM X21349117 333 19870 SH SOLE 19870 0 0 Svenska Handelsbanken AB (ADR) ADR 86959C103 51092 9205726 SH SOLE 6560004 0 2645722 Taiwan Semiconductor Manufactu ADR 874039100 23543 210865 SH SOLE 210865 0 0 Target Corp. COM 87612E106 188210 822706 SH SOLE 654286 0 168420 Taylor Morrison Corp. COM 87724P106 271 10531 SH SOLE 10531 0 0 TCS Group Holdings COM 87238U203 827 9010 SH SOLE 9010 0 0 Tesco PLC (ADR) ADR 881575401 23479 2254371 SH SOLE 2254181 0 190 The Allstate Corp. COM 020002101 22999 180657 SH SOLE 180657 0 0 The Chemours Co. COM 163851108 430 14795 SH SOLE 14795 0 0 The Coca-Cola Co. COM 191216100 283 5390 SH SOLE 5390 0 0 The JM Smucker Co. COM 832696405 926 7717 SH SOLE 7717 0 0 The Kraft Heinz Co. COM 500754106 329 8925 SH SOLE 8925 0 0 The PNC Financial Services Gro COM 693475105 2798 14302 SH SOLE 14302 0 0 The Procter & Gamble Co. COM 742718109 1462 10455 SH SOLE 10455 0 0 The Siam Commerical Bank PCL COM Y7905M113 57 15660 SH SOLE 15660 0 0 The Travelers Companies Inc. COM 89417E109 102739 675871 SH SOLE 528078 0 147793 The Walt Disney Co. COM 254687106 4557 26936 SH SOLE 26936 0 0 Thermo Fisher Scientific Inc. COM 883556102 4039 7070 SH SOLE 7070 0 0 Tokio Marine Holdings Inc. COM J86298106 4144 76587 SH SOLE 76587 0 0 Tokio Marine Holdings Inc. (AD ADR 889094108 26474 490629 SH SOLE 349895 0 140734 TotalEnergies SE (ADR) ADR 89151E109 69538 1450834 SH SOLE 1167974 0 282860 Toyota Motor Corp. (ADR) ADR 892331307 89443 503197 SH SOLE 409929 0 93268 Truist Financial Corp COM 89832Q109 193120 3292757 SH SOLE 2665831 0 626926 UBS Group AG (ADR) ADR H42097107 26887 1686780 SH SOLE 1064845 0 621935 Unilever PLC COM N8981F271 717 13275 SH SOLE 13275 0 0 Unilever PLC (ADR) ADR 904767704 210711 3886226 SH SOLE 3130090 0 756136 Union Pacific Corp. COM 907818108 2639 13464 SH SOLE 13464 0 0 United Overseas Bank Ltd. COM V96194127 8281 434998 SH SOLE 434998 0 0 United Overseas Bank Ltd. (ADR ADR 911271302 49442 1301449 SH SOLE 949202 0 352247 United Parcel Service Inc. COM 911312106 152785 839015 SH SOLE 671155 0 167860 UPM-Kymmene Oyj COM X9518S108 5649 158814 SH SOLE 158814 0 0 UPM-Kymmene OYJ (ADR) ADR 915436208 31133 880472 SH SOLE 589688 0 290784 US Bancorp COM 902973304 416 6993 SH SOLE 6993 0 0 Vale SA (ADR) ADR 91912E105 41263 2957952 SH SOLE 2267949 0 690003 Valero Energy Corp. COM 91913Y100 224 3170 SH SOLE 3170 0 0 VanEck Vietnam ETF COM 92189F817 1657 85997 SH SOLE 85997 0 0 Verizon Communications Inc. COM 92343V104 29189 540440 SH SOLE 540440 0 0 Vici Properties Inc. COM 925652109 143568 5053429 SH SOLE 4184581 0 868848 Volvo AB B-Shares COM 928856301 3666 162820 SH SOLE 162820 0 0 Volvo AB B-Shares (ADR) ADR 928854108 26625 1192349 SH SOLE 869783 0 322566 Walgreens Boots Alliance Inc. COM 931427108 127797 2716194 SH SOLE 2168265 0 547929 Wal-Mart Stores Inc. COM 931142103 3162 22687 SH SOLE 22687 0 0 Welltower Inc. COM 95040Q104 141760 1720392 SH SOLE 1339451 0 380941 Weyerhaeuser Co. COM 962166104 386 10853 SH SOLE 10853 0 0 WP Carey Inc. COM 92936U109 503 6885 SH SOLE 6885 0 0 Xinyi Solar Holdings Ltd. COM G9829N102 44 21600 SH SOLE 21600 0 0 Zijin Mining Group Co. Ltd. COM Y9892H107 8896 7199068 SH SOLE 7199068 0 0 Zurich Insurance Group AG COM H9870Y105 10151 24657 SH SOLE 24657 0 0 Zurich Insurance Group AG (ADR ADR 989825104 50748 1235945 SH SOLE 895175 0 340770