Ray Dalio's CFR Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 92,885 shares of Cullen/Frost Bankers, Inc. (CFR) worth $12.73 M, representing 0.06% of the portfolio. First purchased in 2016-Q2, this long-term strategic position has been held for 26 quarters.
Based on 13F filings, Ray Dalio has maintained a strategic position in CFR, demonstrating sustained confidence in this investment. Largest addition occurred in Q3 2025, adding 73,402 shares. Largest reduction occurred in Q1 2026, reducing 60,607 shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's Cullen/Frost Bankers (CFR) Holding Value Over Time
Track share changes against reported price movement
Quarterly Cullen/Frost Bankers (CFR) Trades by Ray Dalio
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | -60,607 | Reduce 39.49% | 92,885 | $137.08 |
| Q4 2025 | +14,968 | Add 10.81% | 153,492 | $126.63 |
| Q3 2025 | +73,402 | Add 112.71% | 138,524 | $126.77 |
| Q2 2025 | +65,122 | New Buy | 65,122 | $128.54 |
| Q1 2023 | -18,421 | Sold Out | 0 | $0.00 |
| Q4 2022 | +2,799 | Add 17.92% | 18,421 | $133.70 |
| Q3 2022 | +10,623 | Add 212.50% | 15,622 | $132.25 |
| Q2 2022 | -1,788 | Reduce 26.34% | 4,999 | $116.42 |
| Q1 2022 | -4,719 | Reduce 41.01% | 6,787 | $138.35 |
| Q4 2021 | -13,627 | Reduce 54.22% | 11,506 | $126.11 |
| Q3 2021 | +3,684 | Add 17.18% | 25,133 | $118.61 |
| Q2 2021 | +2,503 | Add 13.21% | 21,449 | $111.99 |
| Q1 2021 | +10,027 | Add 112.42% | 18,946 | $108.78 |
| Q4 2020 | +8,919 | New Buy | 8,919 | $87.23 |
| Q1 2020 | -12,930 | Sold Out | 0 | $0.00 |
| Q4 2019 | +12,930 | New Buy | 12,930 | $97.76 |
| Q1 2019 | -22,447 | Sold Out | 0 | $0.00 |
| Q4 2018 | +20,294 | Add 942.59% | 22,447 | $87.94 |
| Q3 2018 | +2,153 | New Buy | 2,153 | $104.51 |
| Q2 2018 | -9,270 | Sold Out | 0 | $0.00 |
| Q1 2018 | +9,270 | New Buy | 9,270 | $106.04 |
| Q3 2017 | -5,858 | Sold Out | 0 | $0.00 |
| Q2 2017 | -19,032 | Reduce 76.46% | 5,858 | $93.89 |
| Q1 2017 | +24,890 | New Buy | 24,890 | $88.95 |
| Q3 2016 | -13,272 | Sold Out | 0 | $0.00 |
| Q2 2016 | +13,272 | New Buy | 13,272 | $63.74 |
Ray Dalio's Cullen/Frost Bankers Investment FAQs
Ray Dalio first purchased Cullen/Frost Bankers, Inc. (CFR) in Q2 2016, acquiring 13,272 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio has held Cullen/Frost Bankers, Inc. (CFR) for 26 quarters since Q2 2016.
Ray Dalio's largest addition to Cullen/Frost Bankers, Inc. (CFR) was in Q3 2025, adding 138,524 shares worth $17.56 M.
According to the latest 13F filing for Q1 2026, Ray Dalio's firm, Bridgewater Associates, Lp, owns 92,885 shares of Cullen/Frost Bankers, Inc. (CFR), valued at approximately $12.73 M.
As of the Q1 2026 filing, Cullen/Frost Bankers, Inc. (CFR) represents approximately 0.06% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings.
Ray Dalio's peak holding in Cullen/Frost Bankers, Inc. (CFR) was 153,492 shares, as reported at the end of Q4 2025.