Cullen/Frost Bankers, Inc. filed its SEC 13F filing on October 30, 2014 and Rush Enterprises, Inc. (NASDAQ:RUSHB), Exxon Mobil Corporation (NYSE:XOM), Apple Inc. (NASDAQ:AAPL) are the top three stock holdings of the investment firm. As per its recent SEC filing, Cullen/Frost Bankers, Inc. has its primary investments in finance and information technology sector.
Rush Enterprises, Inc. (NASDAQ:RUSHB) is the top stock investment of Cullen/Frost Bankers, Inc. 3,810,562 shares of the company at current market value of $112 million. According to the third quarter 2014 financial results of Rush Enterprises, Inc. (NASDAQ:RUSHB), the company reported quarterly revenues of $1.2 billion along with net income of $23.5 million. Some of the primary investors of Rush Enterprises, Inc. (NASDAQ:RUSHB) include Newtyn Management, Gamco Investors, and Sirios Capital Management.
Exxon Mobil Corporation (NYSE:XOM) comes at number two in Cullen/Frost Bankers, Inc’s portfolio with 910,296 shares of the company. The vice president of Exxon Mobil Corporation (NYSE:XOM), Stephen D. Pryor, is ready to retire, effective January 1, 2015 with an overall service record of 44 years. Neil A. Chapman from the board of directors of the company will replace Pryor and take charge as the new VP of Exxon Mobil Corp. Berkshire Hathaway is the largest investors of Exxon Mobil Corporation (NYSE:XOM) along with Yacktman Asset Management and Bill & Melinda Gates Foundation Trust.
Apple Inc. (NASDAQ:AAPL) is the third largest stock investment of Cullen/Frost Bankers, Inc. with 666,687 shares of the company at current market value of $67 million. Apple Inc. (NASDAQ:AAPL) is one of the most sought after stock investment among hedge funds with 153 hedge funds holding positions in the stock. The net positions of different hedge funds are worth $22.51 billion. At the same time, Carl Icahn is the largest stockholder of the company with 52.76 million stocks of the company.
This article has been written by Prakash Pandey.
