CULLEN FROST BANKERS INC

Ticker: CFR CUSIP: 229899109 Class: COM

BARINGS LLC's Holding History (CIK: 0000009015)

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

Q1 2018

Shares 2,500 Value ($000) $265 Avg Close $82.70 Range $74.57 - $88.23

Q4 2017

Shares 2,500 Value ($000) $237 Avg Close $75.74 Range $72.28 - $81.18

Q3 2017

Shares 2,500 Value ($000) $237 Avg Close $70.69 Range $63.69 - $77.00

Q2 2017

Shares 2,500 Value ($000) $235 Avg Close $71.70 Range $66.32 - $77.39

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	2,500	$265	$82.70	$74.57 - $88.23
Q4 2017	2,500	$237	$75.74	$72.28 - $81.18
Q3 2017	2,500	$237	$70.69	$63.69 - $77.00
Q2 2017	2,500	$235	$71.70	$66.32 - $77.39