Cliff Asness's CFR Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 202,650 shares of Cullen/Frost Bankers, Inc. (CFR) worth $27.74 M, representing 0.01% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 54 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in CFR, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2024, adding 194,760 shares. Largest reduction occurred in Q4 2017, reducing 145,958 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Cullen/Frost Bankers (CFR) Holding Value Over Time
Track share changes against reported price movement
Quarterly Cullen/Frost Bankers (CFR) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | +89,350 | Add 78.86% | 202,650 | $136.89 |
| Q4 2025 | +5,341 | Add 4.95% | 113,300 | $126.63 |
| Q3 2025 | -53,220 | Reduce 33.02% | 107,959 | $126.77 |
| Q2 2025 | -39,972 | Reduce 19.87% | 161,179 | $128.54 |
| Q1 2025 | +49,975 | Add 33.06% | 201,151 | $123.74 |
| Q4 2024 | -71,754 | Reduce 32.19% | 151,176 | $134.25 |
| Q3 2024 | +194,760 | Add 691.37% | 222,930 | $110.72 |
| Q2 2024 | -14,125 | Reduce 33.40% | 28,170 | $100.97 |
| Q1 2024 | +24,512 | Add 137.84% | 42,295 | $111.70 |
| Q4 2023 | +8,476 | Add 91.07% | 17,783 | $108.49 |
| Q3 2023 | +5,233 | Add 128.45% | 9,307 | $91.21 |
| Q2 2023 | -14,507 | Reduce 78.07% | 4,074 | $107.31 |
| Q1 2023 | -7,039 | Reduce 27.47% | 18,581 | $103.85 |
| Q4 2022 | -3,020 | Reduce 10.54% | 25,620 | $133.61 |
| Q3 2022 | +5,530 | Add 23.93% | 28,640 | $132.23 |
| Q2 2022 | +6,805 | Add 41.74% | 23,110 | $114.41 |
| Q1 2022 | +93 | Add 0.57% | 16,305 | $138.42 |
| Q4 2021 | -2,152 | Reduce 11.72% | 16,212 | $126.08 |
| Q3 2021 | -10,981 | Reduce 37.42% | 18,364 | $118.60 |
| Q2 2021 | +9,785 | Add 50.03% | 29,345 | $111.88 |
| Q1 2021 | -15,142 | Reduce 43.63% | 19,560 | $108.74 |
| Q4 2020 | -15,142 | Reduce 30.38% | 34,702 | $87.20 |
| Q3 2020 | -5,081 | Reduce 9.25% | 49,844 | $63.96 |
| Q2 2020 | -19,384 | Reduce 26.09% | 54,925 | $73.14 |
| Q1 2020 | -2,967 | Reduce 3.84% | 74,309 | $55.79 |
| Q4 2019 | -285 | Reduce 0.37% | 77,276 | $97.78 |
| Q3 2019 | +33,443 | Add 75.80% | 77,561 | $88.19 |
| Q2 2019 | +36,697 | Add 494.50% | 44,118 | $93.16 |
| Q1 2019 | +243 | Add 3.39% | 7,421 | $97.02 |
| Q4 2018 | +1,885 | Add 35.61% | 7,178 | $87.91 |
| Q3 2018 | -3,983 | Reduce 42.94% | 5,293 | $104.48 |
| Q2 2018 | +4,436 | Add 91.65% | 9,276 | $108.24 |
| Q1 2018 | -23,748 | Reduce 83.07% | 4,840 | $106.20 |
| Q4 2017 | -145,958 | Reduce 83.62% | 28,588 | $94.66 |
| Q3 2017 | +56,454 | Add 47.81% | 174,546 | $95.61 |
| Q2 2017 | -30,776 | Reduce 20.67% | 118,092 | $93.91 |
| Q1 2017 | +123,391 | Add 484.32% | 148,868 | $88.97 |
| Q4 2016 | +13,447 | Add 111.78% | 25,477 | $88.20 |
| Q3 2016 | -7,267 | Reduce 37.66% | 12,030 | $71.90 |
| Q2 2016 | -54,563 | Reduce 73.87% | 19,297 | $63.74 |
| Q1 2016 | +10,404 | Add 16.40% | 73,860 | $55.10 |
| Q4 2015 | +19,336 | Add 43.83% | 63,456 | $59.99 |
| Q3 2015 | -5 | Reduce 0.01% | 44,120 | $63.58 |
| Q2 2015 | -1,127 | Reduce 2.49% | 44,125 | $78.57 |
| Q1 2015 | -6,590 | Reduce 12.71% | 45,252 | $69.08 |
| Q4 2014 | -9,834 | Reduce 15.94% | 51,842 | $70.64 |
| Q3 2014 | +7,400 | Add 13.63% | 61,676 | $76.51 |
| Q2 2014 | -2,000 | Reduce 3.55% | 54,276 | $79.43 |
| Q1 2014 | -600 | Reduce 1.05% | 56,276 | $77.53 |
| Q4 2013 | +11,484 | Add 25.30% | 56,876 | $74.43 |
| Q3 2013 | +13,917 | Add 44.22% | 45,392 | $70.54 |
| Q2 2013 | +31,475 | Add 0.00% | 31,475 | $66.78 |
| Q4 2012 | +41,681 | Add 0.00% | 41,681 | $54.27 |
Cliff Asness's Cullen/Frost Bankers Investment FAQs
Cliff Asness first purchased Cullen/Frost Bankers, Inc. (CFR) in Q4 2012, acquiring 41,681 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Cullen/Frost Bankers, Inc. (CFR) for 54 quarters since Q4 2012.
Cliff Asness's largest addition to Cullen/Frost Bankers, Inc. (CFR) was in Q3 2024, adding 222,930 shares worth $24.68 M.
According to the latest 13F filing for Q1 2026, Cliff Asness's firm, Aqr Capital Management LLC, owns 202,650 shares of Cullen/Frost Bankers, Inc. (CFR), valued at approximately $27.74 M.
As of the Q1 2026 filing, Cullen/Frost Bankers, Inc. (CFR) represents approximately 0.01% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Cullen/Frost Bankers, Inc. (CFR) was 222,930 shares, as reported at the end of Q3 2024.