ARTISAN PARTNERS ASSET MGMT

Ticker: APAM CUSIP: 04316A108 Class: Common Stock

CULLEN/FROST BANKERS, INC.'s Holding History (CIK: 0000039263)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 594 Value ($000) $24 Avg Close $40.71 Range $38.50 - $42.99

Q3 2025

Shares 480 Value ($000) $21 Avg Close $43.19 Range $40.48 - $45.10

Q2 2025

Shares 464 Value ($000) $21 Avg Close $36.88 Range $29.99 - $42.05

Q2 2024

Shares 119 Value ($000) $5 Avg Close $36.75 Range $33.73 - $39.56

Q1 2023

Shares 44 Value ($000) $1 Avg Close $26.04 Range $22.77 - $30.43

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	594	$24	$40.71	$38.50 - $42.99
Q3 2025	480	$21	$43.19	$40.48 - $45.10
Q2 2025	464	$21	$36.88	$29.99 - $42.05
Q2 2024	119	$5	$36.75	$33.73 - $39.56
Q1 2023	44	$1	$26.04	$22.77 - $30.43