CULLEN FROST BANKERS INC

Ticker: CFR CUSIP: 229899109 Class: COM

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q2 2025

Shares 22,359 Value ($000) $2,874 Avg Close $119.75 Range $97.98 - $128.76

Q1 2023

Shares 6,465 Value ($000) $681 Avg Close $113.27 Range $87.46 - $126.43

Q4 2022

Shares 13,835 Value ($000) $1,850 Avg Close $128.49 Range $113.22 - $144.87

Q2 2022

Shares 13,473 Value ($000) $1,568 Avg Close $114.03 Range $100.96 - $130.98

Q1 2022

Shares 6,022 Value ($000) $833 Avg Close $123.52 Range $110.83 - $131.17

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2025	22,359	$2,874	$119.75	$97.98 - $128.76
Q1 2023	6,465	$681	$113.27	$87.46 - $126.43
Q4 2022	13,835	$1,850	$128.49	$113.22 - $144.87
Q2 2022	13,473	$1,568	$114.03	$100.96 - $130.98
Q1 2022	6,022	$833	$123.52	$110.83 - $131.17