First Eagle Investment Management significantly increased its holdings in Cullen/Frost Bankers (CFR), according to a recent SEC disclosure. The filing, which reflects trades made during the second quarter ending June 30, 2026, revealed a 145.17% increase in First Eagle's position. This raised their stake from 2.27 million to 5.56 million shares.
As a result of the additional shares purchased, the reported value of First Eagle's investment in the Texas-based bank grew from $310.61 million to $858.41 million. This transaction elevated Cullen/Frost's weight within First Eagle's reported portfolio from 0.53% to 1.41%. Investors are reminded that 13F filings are submitted to the SEC on a quarterly basis and reflect a snapshot of holdings from weeks prior.