UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2022
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Cullen Capital Management, LLC
Address:
645 Fifth Ave
New York, NY 10022
Form 13F File Number:
028-11905

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Aiden Kelly
Title:
CCO
Phone:
646-200-7609


Signature, Place, and Date of Signing:

Aiden Kelly
                         [Signature]
New York, NEW YORK
                 [City, State]
02-15-2022
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
210
Form 13F Information table Value Total:
7792196658
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
3i Group PLC (ADR)ADR88579N10540,531,9094,948,951SHSOLE3,404,839 0 1,544,112
3M Co.COM88579Y10175,856,476632,559SHSOLE423,906 0 208,653
3R PetroleumonCOM640581005413,21657,870SHSOLE57,870 0 0
AbbVie Inc.COM00287Y109568,8673,520SHSOLE3,520 0 0
Airtel Africa PLCCOM50050N1034,428,2773,283,183SHSOLE3,283,183 0 0
Altria 1/20/23 $47.5 callsOPT02209S10376,6483,484SHSOLE3,484 0 0
Altria Group Inc.COM02209S103112,632,6552,464,070SHSOLE1,830,303 0 633,767
American Express Co.COM0258161092,199,85014,889SHSOLE14,889 0 0
Ameris BancorpCOM03076K108413,0418,762SHSOLE8,762 0 0
Amgen Inc.COM031162100572,8182,181SHSOLE2,181 0 0
Anglo American PLCCOM3662Q10536,683,300171,166SHSOLE171,166 0 0
Apple Inc.COM037833100732,8055,640SHSOLE5,640 0 0
Applied Materials Inc.COM0382221051,291,16113,259SHSOLE13,259 0 0
Archer-Daniels-Midland Co.COM0394831022,171,94723,392SHSOLE23,392 0 0
Arrow Electronics Inc.COM0427351002,758,97526,384SHSOLE26,384 0 0
ASE Technology Holding Co. LtdADR00215W10028,573,7514,557,217SHSOLE3,111,008 0 1,446,209
AT&T Inc.COM00206R10295,064,3905,163,737SHSOLE3,329,649 0 1,834,088
BAE Systems PLC (ADR)ADR05523R10757,196,4121,357,134SHSOLE905,538 0 451,596
Bank of America Corp.COM060505104130,906,3113,952,485SHSOLE2,671,659 0 1,280,826
Barrett Business Services Inc.COM068463108307,1713,293SHSOLE3,293 0 0
BCE Inc.COM05534B760208,956,5494,754,415SHSOLE3,419,076 0 1,335,339
BGSF Inc.COM05601C105830,63554,219SHSOLE54,219 0 0
BHP Group Ltd (ADR)ADR0886061081,493,97824,077SHSOLE24,077 0 0
BNP Paribas SA (ADR)ADR05565A20232,617,0541,145,664SHSOLE759,029 0 386,635
BOEING CO/THECOM0970231051,805,0839,476SHSOLE9,476 0 0
BorgWarner Inc.COM0997241061,903,46347,291SHSOLE47,291 0 0
Boston Properties Inc.COM10112110149,130,525726,998SHSOLE477,488 0 249,510
Bristol-Myers Squibb Co.COM11012210846,920,816652,131SHSOLE652,131 0 0
British American Tobacco PLC (ADR11044810741,055,7861,026,908SHSOLE707,217 0 319,691
Britvic PLC (ADR)ADR11119010421,274,9881,102,331SHSOLE699,751 0 402,580
Broadcom Ltd.COM11135F101178,908,805319,977SHSOLE232,503 0 87,474
Canadian National Railway Co.COM1363751022,595,26921,831SHSOLE21,831 0 0
Canadian Pacific Railway Ltd.COM13645T100466,0386,248SHSOLE6,248 0 0
Carrier Global CorporationCOM14448C104234,0115,673SHSOLE5,673 0 0
Carter's Inc.COM146229109229,6503,078SHSOLE3,078 0 0
Caterpillar Inc.COM149123101215,604900SHSOLE900 0 0
Central Asia MetalsCOM874080104460,106153,783SHSOLE153,783 0 0
Chevron Corp.COM166764100215,107,1421,198,435SHSOLE895,409 0 303,026
Cie de Saint-Gobain (ADR)ADR20428030928,618,1262,932,185SHSOLE1,966,146 0 966,039
Cigna Corp.COM1255231002,543,0357,675SHSOLE7,675 0 0
Cisco Systems Inc.COM17275R102153,272,9103,217,315SHSOLE2,387,056 0 830,259
Citigroup Inc.COM172967424106,759,7662,360,375SHSOLE1,676,184 0 684,191
Citigroup Inc. 1/20/23 $50 callsOPT17296742483,0524,614SHSOLE4,614 0 0
Civitas Resources Inc.COM17888H103289,1874,992SHSOLE4,992 0 0
Coca-Cola Femsa SAB de CV (ADRADR19124110840,733,770600,085SHSOLE407,889 0 192,196
Comcast Corp. (Cl A)COM20030N101110,890,5173,171,019SHSOLE2,391,300 0 779,719
Communication Services Select COM81369Y85214,059,198292,961SHSOLE292,961 0 0
ConAgra Brands Inc.COM20588710243,097,8221,113,639SHSOLE1,113,639 0 0
ConocoPhillipsCOM20825C104135,780,3611,150,681SHSOLE834,764 0 315,917
Consumer Discretionary Select COM81369Y4071,305,93710,111SHSOLE10,111 0 0
Consumer Staples Select SectorCOM81369Y3083,115,07241,785SHSOLE41,785 0 0
Coterra Energy Inc.COM127097103546,16722,229SHSOLE22,229 0 0
Denny's Corp.COM24869P104501,87154,492SHSOLE54,492 0 0
Deutsche Post AG (ADR)ADR25157Y20234,902,450930,732SHSOLE634,710 0 296,022
Deutsche Telekom AG (ADR)ADR25156610535,312,6921,767,402SHSOLE1,177,381 0 590,021
Diageo PLC (ADR)ADR25243Q20578,584,807441,017SHSOLE310,088 0 130,929
DNB Bank ASA (ADR)ADR23341C10342,463,3112,147,866SHSOLE1,448,896 0 698,970
Dominion Resources Inc.COM25746U109464,3767,573SHSOLE7,573 0 0
Dow IncCOM260557103128,218,2832,544,518SHSOLE1,949,899 0 594,619
Duke Energy Corp.COM26441C204189,400,7741,839,021SHSOLE1,371,646 0 467,375
Duke Energy Corp. 1/20/23 $105 callsOPT26441C204319,9603,368SHSOLE3,368 0 0
Enbridge Inc.COM29250N105229,7525,876SHSOLE5,876 0 0
Enel SPA (ADR)ADR29265W2078,322,3051,558,484SHSOLE517,750 0 1,040,734
Energy Select Sector SPDR FundCOM81369Y506321,1903,672SHSOLE3,672 0 0
Energy Transfer LPCOM29273V1005,012,048422,245SHSOLE422,245 0 0
Enterprise Products Partners LCOM293792107621,21125,755SHSOLE25,755 0 0
EOG Resources Inc.COM26875P10146,619,732359,942SHSOLE359,942 0 0
Eurobank Ergasias SA (ADR)ADR29873D1044,631,9198,907,537SHSOLE8,907,537 0 0
Exxon 1/20/23 $115 callsOPT30231G102210,9841,788SHSOLE1,788 0 0
Exxon Mobil Corp.COM30231G102216,110,3851,959,296SHSOLE1,450,453 0 508,843
Financial Select Sector SPDR FCOM81369Y60515,868,526463,992SHSOLE463,992 0 0
First Horizon Corp.COM320517105737,89130,118SHSOLE30,118 0 0
First Interstate Bancsystem InCOM32055Y201759,82019,659SHSOLE19,659 0 0
General Dynamics Corp.COM369550108139,547,616562,443SHSOLE375,233 0 187,210
General Electric Co.COM369604301548,9086,551SHSOLE6,551 0 0
General Mills Inc.COM370334104224,4662,677SHSOLE2,677 0 0
Genuine Parts Co.COM372460105175,568,5721,011,864SHSOLE729,833 0 282,031
Gran Tierra Energy Inc.COM38500T10114,88515,035SHSOLE15,035 0 0
Great Lakes Dredge & Dock CorpCOM390607109115,27519,374SHSOLE19,374 0 0
Haemonetics Corp.COM405024100740,1759,411SHSOLE9,411 0 0
Health Care Select Sector SPDRCOM81369Y20911,271,74682,972SHSOLE82,972 0 0
Healthpeak Properties IncCOM42250P103138,178,3735,511,702SHSOLE4,138,648 0 1,373,054
HF Sinclair CorporationCOM403949100388,7607,492SHSOLE7,492 0 0
Honeywell International Inc.COM4385161064,067,15718,985SHSOLE18,985 0 0
Host Hotels & Resorts Inc.COM44107P104233,17414,528SHSOLE14,528 0 0
Huntsman Corp.COM447011107386,09414,050SHSOLE14,050 0 0
Iberdola SA (ADR)ADR45073710126,510,068566,939SHSOLE362,406 0 204,533
ICICI Bank Ltd. (ADR)ADR45104G10410,223,352467,033SHSOLE467,033 0 0
Industrial Select Sector SPDR COM81369Y7045,419,22855,180SHSOLE55,180 0 0
Intel Corp.COM458140100108,898,5974,120,265SHSOLE3,048,273 0 1,071,992
International Business MachineCOM459200101518,1933,678SHSOLE3,678 0 0
iShares MSCI EAFE Value ETFCOM4642888777,423,476161,802SHSOLE161,802 0 0
iShares MSCI India ETFCOM46429B5988,283,595198,457SHSOLE198,457 0 0
iShares MSCI Japan ETFCOM46434G8221,477,66527,143SHSOLE27,143 0 0
iShares MSCI Norway ETFCOM46429B4991,471,90559,931SHSOLE59,931 0 0
iShares MSCI South Korea ETFCOM4642867726,592,459116,722SHSOLE116,722 0 0
iShares MSCI Switzerland ETFCOM4642867491,828,31643,604SHSOLE43,604 0 0
iShares MSCI Taiwan ETFCOM46434G7724,733,458117,865SHSOLE117,865 0 0
iShares Russell 1000 Value ETFCOM4642875984,652,62230,680SHSOLE30,680 0 0
Johnson & JohnsonCOM478160104218,867,3151,238,988SHSOLE901,675 0 337,313
JP Morgan Chase & Co.COM46625H100213,855,9831,594,750SHSOLE1,149,374 0 445,376
Kaspi.kz JSCCOM48581R2055,652,00479,049SHSOLE79,049 0 0
Kimberly-Clark Corp.COM494368103122,000,447898,714SHSOLE579,590 0 319,124
Lowe's Cos. Inc.COM548661107102,713,673515,527SHSOLE359,794 0 155,733
Materials Select Sector SPDR FCOM81369Y1002,996,19538,571SHSOLE38,571 0 0
McDonald's Corp.COM5801351012,369,9258,993SHSOLE8,993 0 0
Merck & Co. Inc.COM58933Y105232,262,0112,093,394SHSOLE1,607,847 0 485,547
Merck 1/20/23 $113 callsOPT58933Y105403,2543,126SHSOLE3,126 0 0
Michelin cie Generale de EstabADR59410T10620,656,4681,487,147SHSOLE943,975 0 543,172
Microsoft Corp.COM59491810458,087,863242,214SHSOLE174,896 0 67,318
MMC Norilsk Nickel PJSC (ADR)ADR55315J10285,74728,393SHSOLE28,393 0 0
Mondelez International Inc.COM6092071053,467,99952,033SHSOLE52,033 0 0
Morgan StanleyCOM617446448191,977,4002,258,026SHSOLE1,670,879 0 587,147
Morgan Stanley 1/20/23 $93 callsOPT617446448111,4443,012SHSOLE3,012 0 0
Mytilineos SA (ADR)ADR62866P1074,255,925195,583SHSOLE195,583 0 0
National Bank of CanadaCOM633067103970,24514,374SHSOLE14,374 0 0
Nestle SA (ADR)ADR64106940652,283,276453,297SHSOLE305,278 0 148,019
Newmont Corp.COM651639106257,9485,465SHSOLE5,465 0 0
NextEra Energy IncCOM65339F101171,525,5372,051,741SHSOLE1,361,662 0 690,079
Nippon Telegraph & Telephone CADR65462410558,159,6592,058,749SHSOLE1,371,234 0 687,515
NN Group NV (ADR)ADR62933410330,261,1631,485,575SHSOLE994,987 0 490,588
Norfolk Southern Corp.COM655844108215,618875SHSOLE875 0 0
Novartis 1/20/23 $92.5 callsOPT66987V109226,7302,870SHSOLE2,870 0 0
Novartis AG (ADR)ADR66987V109252,640,9582,784,843SHSOLE1,998,294 0 786,549
OPAP SA (ADR)ADR3924831036,214,058957,482SHSOLE957,482 0 0
Oracle Corp.COM68389X1053,221,45539,411SHSOLE39,411 0 0
Otis Worldwide CorporationCOM68902V107207,2082,646SHSOLE2,646 0 0
Packaging Corp. of AmericaCOM6951561091,672,80713,078SHSOLE13,078 0 0
PepsiCo Inc.COM7134481081,591,6158,810SHSOLE8,810 0 0
Petroleo Brasileiro SA (ADR)ADR71654V4082,332,989219,060SHSOLE219,060 0 0
Pfizer Inc.COM717081103156,135,4523,047,140SHSOLE2,113,690 0 933,450
Philip Morris International InCOM718172109184,110,0051,819,089SHSOLE1,275,328 0 543,761
Power Corporation of CanadaCOM73923910128,332,7321,204,111SHSOLE767,571 0 436,540
PPL Corp.COM69351T10647,851,4421,637,626SHSOLE1,637,626 0 0
Public Service Enterprise GrouCOM744573106573,4879,360SHSOLE9,360 0 0
Public StorageCOM74460D109529,8391,891SHSOLE1,891 0 0
Quest Diagnostics Inc.COM74834L100216,8261,386SHSOLE1,386 0 0
Ralph Lauren Corp.COM751212101388,1263,673SHSOLE3,673 0 0
Rayonier Inc.COM754907103280,9188,523SHSOLE8,523 0 0
Raytheon Technologies Corp.COM75513E101204,014,1822,021,544SHSOLE1,535,113 0 486,431
Real Estate Select Sector SPDRCOM81369Y8609,411,352254,843SHSOLE254,843 0 0
Rio Tinto 1/20/23 $74.1 callsOPT767204100199,9202,352SHSOLE2,352 0 0
Rio Tinto PLC (ADR)ADR76720410075,228,6561,056,582SHSOLE822,753 0 233,829
Roche Holding AG (ADR)ADR77119510443,906,0991,121,484SHSOLE755,441 0 366,043
Rolls-Royce Holdings PLC (ADR)ADR77578120651,36048,000SHSOLE48,000 0 0
Royal Bank of CanadaCOM780087102498,7765,305SHSOLE5,305 0 0
Samsung Electronics Co. Ltd. -COM7960502014,387,0004,387SHSOLE4,387 0 0
Samsung Electronics GDRCOM7960508882,128,2301,926SHSOLE1,926 0 0
San Juan Basin Royalty TrustCOM798241105911,88779,850SHSOLE79,850 0 0
Sanofi (ADR)ADR80105N10526,712,438551,568SHSOLE374,133 0 177,435
Sasol Ltd.COM8038661022,524,694159,470SHSOLE159,470 0 0
Schwab Fundamental InternationCOM808524755265,4969,133SHSOLE9,133 0 0
Sempra EnergyCOM816851109982,2566,356SHSOLE6,356 0 0
Shell PLC (ADR)ADR78025930556,034,757983,929SHSOLE665,154 0 318,775
Shinhan Financial Group CompanADR8245961003,207,649114,846SHSOLE114,846 0 0
Siemens AG (ADR)ADR826197501215,764,6503,136,570SHSOLE2,255,869 0 880,701
Silicon Motion Technology CorpADR82706C1081,900,30829,240SHSOLE29,240 0 0
Sitio Royalties CorpCOM82983N108464,86016,113SHSOLE16,113 0 0
SK Telecom Co Ltd (ADR)ADR78440P3062,535,842123,159SHSOLE123,159 0 0
SLC Agricola SA (ADR)ADR78444J1086,654,351741,019SHSOLE741,019 0 0
Smurfit Kappa Group PLC (ADR)ADR83272W10627,608,165743,434SHSOLE497,132 0 246,302
Softbank Corp (ADR)ADR83405K10237,305,5743,316,051SHSOLE2,087,713 0 1,228,338
Sonic Healthcare Ltd. (ADR)ADR83546A20321,235,7451,041,412SHSOLE649,878 0 391,534
SouthState Corp.COM840441109282,0033,693SHSOLE3,693 0 0
Spdr DJ Wilshire GlobalCOM78463X749809,16619,784SHSOLE19,784 0 0
SPDR S&P Emerging Asia PacificCOM78463X3011,115,46411,617SHSOLE11,617 0 0
Suzano SA (ADR)ADR86959K105263,84828,555SHSOLE28,555 0 0
Svenska Handelsbanken AB (ADR)ADR86959C10340,337,1148,099,822SHSOLE5,632,777 0 2,467,045
Taiwan Semiconductor ManufactuADR8740391008,734,325117,255SHSOLE117,255 0 0
Target Corp.COM87612E10699,408,114666,989SHSOLE442,616 0 224,373
Technology Select Sector SPDR COM81369Y8038,568,81468,859SHSOLE68,859 0 0
Tesco PLC (ADR)ADR88157540119,085,2412,360,574SHSOLE1,460,145 0 900,429
The Allstate Corp 1/20/23 $140 callsOPT020002101163,8751,425SHSOLE1,425 0 0
The Allstate Corp.COM02000210136,508,197269,234SHSOLE269,234 0 0
The Chemours Co.COM163851108330,54310,795SHSOLE10,795 0 0
The Coca-Cola Co.COM191216100391,1386,149SHSOLE6,149 0 0
The JM Smucker Co.COM832696405342,9072,164SHSOLE2,164 0 0
The PNC Financial Services GroCOM6934751051,750,44911,083SHSOLE11,083 0 0
The Procter & Gamble Co.COM7427181092,300,98415,182SHSOLE15,182 0 0
The Timken Co.COM887389104366,3535,184SHSOLE5,184 0 0
The Travelers Companies Inc.COM89417E10998,701,264526,435SHSOLE364,677 0 161,758
The Walt Disney Co.COM2546871061,741,42320,044SHSOLE20,044 0 0
Thermo Fisher Scientific Inc.COM8835561021,198,3012,176SHSOLE2,176 0 0
Tokio Marine Holdings Inc. (ADADR88909410856,055,6942,615,758SHSOLE1,798,919 0 816,839
Tokyo Electron Ltd. (ADR)ADR88911010224,283,548332,060SHSOLE230,651 0 101,409
TotalEnergies SE (ADR)ADR89151E10961,329,639987,913SHSOLE686,785 0 301,128
Toyota Motor Corp. (ADR)ADR89233130742,673,602312,444SHSOLE211,444 0 101,000
Truist Financial CorpCOM89832Q109127,375,6432,960,159SHSOLE2,200,384 0 759,775
UBS Group AG (ADR)ADRH420971071,248,16466,854SHSOLE33,593 0 33,261
Under Armour Inc. (class C)COM90431120697,40610,920SHSOLE10,920 0 0
Unilever PLC (ADR)ADR904767704164,806,0363,273,208SHSOLE2,332,508 0 940,700
Union Pacific Corp.COM9078181082,882,20713,919SHSOLE13,919 0 0
Unisys Corp.COM909214306123,14624,099SHSOLE24,099 0 0
United Overseas Bank Ltd. (ADRADR91127130264,460,4771,407,434SHSOLE951,996 0 455,438
United Parcel Service Inc.COM911312106108,676,630625,153SHSOLE434,193 0 190,960
UPM-Kymmene OYJ (ADR)ADR91543620832,972,786882,097SHSOLE598,280 0 283,817
Utilities Select Sector SPDR FCOM81369Y886935,53513,270SHSOLE13,270 0 0
Vale SA (ADR)ADR91912E10552,983,3413,122,177SHSOLE2,235,526 0 886,651
VanEck Vietnam ETFCOM92189F817119,98710,134SHSOLE10,134 0 0
Vector Group Ltd.COM92240M108157,00313,238SHSOLE13,238 0 0
Veolia Environnement S.A. (ADRADR92334N10321,397,941830,988SHSOLE559,053 0 271,935
Verizon Communications Inc.COM92343V10449,650,2951,260,160SHSOLE1,260,160 0 0
Vici Properties Inc.COM925652109160,860,1064,964,818SHSOLE3,857,920 0 1,106,898
Volvo AB B-Shares (ADR)ADR92885410817,700,523981,182SHSOLE652,401 0 328,781
Wal-Mart Stores Inc.COM9311421033,327,10223,465SHSOLE23,465 0 0
Weyerhaeuser Co.COM962166104462,42714,917SHSOLE14,917 0 0
Woodside Energy Group Ltd. (ADADR980228308301,41512,450SHSOLE12,450 0 0
WP Carey Inc.COM92936U109532,5926,815SHSOLE6,815 0 0
Xinyi Glass Holdings Ltd. (ADRADR98418R10015,547,060417,102SHSOLE257,945 0 159,157
Zurich Insurance Group AG (ADRADR98982510457,326,0131,198,161SHSOLE813,954 0 384,207