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Cullen Capital Management

SEC-registered adviser since 2000New York, NYCRD 113128

$11.6B
AUM
8,417
Clients
See fees
Fee
17
Advisory staff

From Form ADV filed 27 March 2026 · data retrieved 15 October 2026SEC record

Cullen Capital Management is an investment adviser headquartered in New York, New York, and registered with the SEC since 2000. Its clients include high-net-worth individuals, investment companies, and corporations and other businesses. High-net-worth individuals account for 52% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions. Fee arrangements include a percentage of assets under management and performance-based fees. James Cullen owns 75% or more of Cullen Capital Management.

Clients

Cullen Capital Management serves 8,417 clients, 7,940 of them high-net-worth individuals. The average client has about $1.4 million with the firm, and high-net-worth clients hold 52% of its $11.6 billion in assets.

Regulatory assets by client type
  • High-net-worth individuals7,940 clients52%
  • Investment companies17 clients38%
  • Charitable organizations115 clients3%
  • Corporations and other businesses303 clients5%
  • OtherPooled investment vehicles, Pension and profit-sharing plans, State or municipal government entities, Insurance companies3%
Show client breakdown
High-net-worth individuals
Clients
7,940
Regulatory AUM
$6,001,659,961
Share
51.8%
Avg. per client
$756K
Investment companies
Clients
17
Regulatory AUM
$4,394,438,831
Share
38.0%
Avg. per client
$258.5M
Pooled investment vehicles
Clients
3
Regulatory AUM
$23,785,334
Share
0.2%
Avg. per client
$7.93M
Pension and profit-sharing plans
Clients
39
Regulatory AUM
$130,101,741
Share
1.1%
Avg. per client
$3.34M
Charitable organizations
Clients
115
Regulatory AUM
$309,346,041
Share
2.7%
Avg. per client
$2.69M
State or municipal government entities
Clients
Not reported
Regulatory AUM
$154,548,410
Share
1.3%
Avg. per client
—
Insurance companies
Clients
Not reported
Regulatory AUM
$6,995,752
Share
0.1%
Avg. per client
—
Corporations and other businesses
Clients
303
Regulatory AUM
$556,384,922
Share
4.8%
Avg. per client
$1.84M

Total

Clients
8,417
Regulatory AUM
$11,577,260,992
Share
100%
Avg. per client
$1.38M

What it does

Cullen Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.

Cullen Capital Management advises 3 private funds.

100.0% of assets ($11.58B across 8,419 accounts) are managed with discretion. $5.28B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 32 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks93%
  • Cash3%
  • Other4%
    • Derivatives4%

Custodians

Cullen Capital Management’s client accounts are held mainly at J.P. Morgan, with 19% of managed assets, and UBS Securities, with 13%. Cullen Capital Management does not have custody of client assets.

Managed account assets by custodian
  • J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $2.19B19%
  • Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.28B11%
  • UBS SecuritiesUBS Securities LLC · New York, NY · $1.46B13%
  • All other custodians$6.66B57%

Ownership and leadership

James Cullen owns 75% or more of Cullen Capital Management.

Who owns the firm
Cullen Capital Management, LLC· the adviser

  • James Cullen

    Control person · since April 2000

    Owns 75% or more of Cullen Capital Management, LLC

  • Cullen 2011 Descendants' Trust

    since April 2011

    Owns 10% to 25% of Cullen Capital Management, LLC

  • Brooks Cullen

    Control person · since April 2000

    Owns 5% to 10% of Cullen Capital Management, LLC

Leadership

  • Stephen O'Neil
    Executive Director and Chief Operating Officer
  • Aiden Kelly
    Chief Compliance Officer
  • Brooks Cullen
    Vice Chairman and Executive Director
  • James Cullen
    Owner, Chairman and CEO

Staff

  • 64 employees
  • 17 in advisory functions
  • 18 broker-dealer reps
  • 7 soliciting firms

Reported holdings

Cullen Capital Management’s reported 13F holdings total $10.17B across 208 positions, and the ten largest make up 26.8% of it.

$10.17B
Reported 13F value
208
Positions
26.8%
In the 10 largest
+4.3%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Novartis AG (ADR) · ADR3.1%
  2. Cisco Systems Inc..3.0%
  3. Morgan Stanley2.9%
  4. Johnson & Johnson2.7%
  5. Citigroup Inc..2.7%
  6. JP Morgan Chase & Co.2.6%
  7. Merck & Co. Inc..2.5%
  8. Bank Of America Corp..2.4%
  9. Duke Energy Corp..2.4%
  10. Johnson Controls International2.4%

Together, the ten largest are 26.8% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 13 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $10.17B is not its $11.58B in regulatory assets and does not represent any individual client's portfolio.

Fees

Cullen Capital Management is paid through a percentage of assets under management and performance-based fees.

Cullen Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Cullen Capital Management has 0 offices, with 1 listed address in 1 state.

Listed office addresses by state

New York · 1 listed address

  • 645 Fifth Avenue, 12th Floor, New YorkHQ

Other business names

Cullen Capital Management has reported 1 other business name to the SEC.

  • Cullen Capital Management, LLC Dba Schafer Cullen Capital Management, Inc.

Registration details

Legal name
Cullen Capital Management, LLC
Headquarters
645 Fifth Avenue, 12th Floor, New York, NY 10022
Phone
212-644-1800
Website
Not reported
SEC file
801-57576
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Cullen Capital Management have?

Cullen Capital Management has 8,417 clients and manages $11.6 billion for them, as of March 2026. They include 7,940 high-net-worth individuals, 303 corporations and other businesses and 115 charitable organizations.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026

What services does Cullen Capital Management offer?

Cullen Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Cullen Capital Management use?

Cullen Capital Management’s separately managed account assets are held at J.P. Morgan Securities LLC (New York, NY), with $2,187,567,403, UBS Securities LLC (New York, NY), with $1,455,894,700 and Charles Schwab & Co., Inc. (San Francisco, CA), with $1,278,098,260. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026

How many financial advisors does Cullen Capital Management have?

Cullen Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 64 employees, and 17 perform investment advisory functions. 18 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Cullen Capital Management invest in?

At the end of its last fiscal year, Cullen Capital Management’s separately managed accounts held 93% exchange-traded equities, 4% derivatives and 3% cash and equivalents. It advises 3 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Cullen Capital Management?

Cullen Capital Management’s direct owners are James Cullen (75% or more), Brooks Cullen (5% to 10%) and Cullen 2011 Descendants' Trust (10% to 25%).

Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026

How does Cullen Capital Management get paid?

Cullen Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 27 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 113128.
  3. Form 13F-HR, filed 13 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Cullen Capital Management, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.