CULLEN CAPITAL MANAGEMENT, LLC Information

645 FIFTH AVENUE, NEW YORK, New York, 10022, (212) 644-1800

Report Date: 03/31/2014

Position Statistics

Total Positions 191
New Positions 16
Increased Positions 89
Decreased Positions 47
Positions with Activity 136
Sold Out Positions 10
Total Mkt Value (in $ millions) 3,910

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 3.23%
Capital Goods 7.39%
Conglomerates 0.08%
Consumer Cyclical 1.85%
Consumer/Non-Cyclical 12.97%
Energy 15.04%
Financial 14.92%
Healthcare 15.54%
Services 12.88%
Technology 11.34%
Transportation 0.29%
Utilities 4.45%

47 DECREASED Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CONOCOPHILLIPS COM 142,064 -6,817 (4.58) 1,658,270
LILLY ELI & CO COM 130,378 -44 (0.03) 2,085,050
3M CO COM 128,835 -65 (0.05) 895,370
JOHNSON & JOHNSON COM 123,577 -5,735 (4.44) 1,168,020
RAYTHEON CO COM NEW 116,125 -35,958 (23.64) 1,260,860
ROYAL DUTCH SHELL PLC SPON ADR B 95,820 -57 (0.06) 1,113,280
ROYAL DUTCH SHELL PLC SPONS ADR A 90,287 -91,538 (50.34) 1,113,280
KIMBERLY CLARK CORP COM 85,002 -20,202 (19.2) 753,500
GENUINE PARTS CO COM 66,058 -70 (0.11) 760,340
DIAGEO P L C SPON ADR NEW 65,533 -28 (0.04) 514,310
HCP INC COM 62,722 -36 (0.06) 1,509,910
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 59,559 -4,273 (6.69) 1,835,981
BOEING CO COM 31,767 -64,734 (67.08) 250,550
NIPPON TEL & TEL CORP ORD 15,758 -3,189 (16.83) 247,100
TOTAL S A SPONSORED ADR 15,091 -62 (0.41) 218,550
MANULIFE FINL CORP COM 12,441 -2,929 (19.06) 616,800
BAYER A G NAMEN -AKT 11,098 -1,783 (13.85) 80,900
RTL GROUP SA LUXEMBOURG SHS 9,135 -3,423 (27.25) 84,585
MTN GROUP LTD SHS 8,820 -1,515 (14.66) 417,430
DEUTSCHE POST AG BONN NAMEN AKT 8,795 -5,483 (38.4) 246,700