CULLEN FROST BANKERS INC

Ticker: CFR CUSIP: 229899109 Class: COM

Hilton Capital Management, LLC's Holding History (CIK: 0001541211)

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

Q4 2025

Shares 59,625 Value ($000) $7,550 Avg Close $124.81 Range $118.05 - $131.54

Q3 2025

Shares 56,201 Value ($000) $7,125 Avg Close $128.28 Range $119.45 - $138.08

Q2 2025

Shares 53,076 Value ($000) $6,822 Avg Close $119.75 Range $97.98 - $128.76

Q1 2025

Shares 50,273 Value ($000) $6,294 Avg Close $130.63 Range $116.83 - $142.04

Q4 2024

Shares 47,152 Value ($000) $6,330 Avg Close $126.85 Range $102.70 - $142.25

Q3 2024

Shares 50,697 Value ($000) $5,671 Avg Close $104.76 Range $92.61 - $117.67

Q2 2024

Shares 48,106 Value ($000) $4,889 Avg Close $99.43 Range $89.89 - $110.75

Q1 2024

Shares 47,166 Value ($000) $5,310 Avg Close $100.64 Range $93.55 - $108.34

Q4 2023

Shares 37,661 Value ($000) $4,086 Avg Close $90.62 Range $76.49 - $106.41

Q3 2023

Shares 31,645 Value ($000) $2,886 Avg Close $93.75 Range $81.90 - $110.82

Q2 2023

Shares 32,196 Value ($000) $3,462 Avg Close $95.71 Range $84.54 - $105.15

Q1 2023

Shares 2,345 Value ($000) $314 Avg Close $113.27 Range $87.46 - $126.43

Q4 2022

Shares 2,115 Value ($000) $0 Avg Close $128.49 Range $113.22 - $144.87

Q3 2022

Shares 2,115 Value ($000) $280 Avg Close $117.79 Range $102.24 - $129.36

Q2 2022

Shares 2,094 Value ($000) $244 Avg Close $114.03 Range $100.96 - $130.98

Q1 2022

Shares 1,615 Value ($000) $224 Avg Close $123.52 Range $110.83 - $131.17

Q4 2021

Shares 2,055 Value ($000) $259 Avg Close $113.50 Range $104.50 - $123.02

Q3 2021

Shares 1,962 Value ($000) $233 Avg Close $97.86 Range $87.80 - $108.90

Q2 2021

Shares 1,962 Value ($000) $220 Avg Close $101.82 Range $92.84 - $108.70

Q1 2021

Shares 1,951 Value ($000) $212 Avg Close $89.31 Range $73.93 - $104.16

Q3 2019

Shares 2,150 Value ($000) $190 Avg Close $72.94 Range $65.52 - $82.69

Q2 2019

Shares 1,137 Value ($000) $106 Avg Close $79.79 Range $73.85 - $85.12

Q1 2019

Shares 1,084 Value ($000) $105 Avg Close $80.50 Range $69.90 - $85.96

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	59,625	$7,550	$124.81	$118.05 - $131.54
Q3 2025	56,201	$7,125	$128.28	$119.45 - $138.08
Q2 2025	53,076	$6,822	$119.75	$97.98 - $128.76
Q1 2025	50,273	$6,294	$130.63	$116.83 - $142.04
Q4 2024	47,152	$6,330	$126.85	$102.70 - $142.25
Q3 2024	50,697	$5,671	$104.76	$92.61 - $117.67
Q2 2024	48,106	$4,889	$99.43	$89.89 - $110.75
Q1 2024	47,166	$5,310	$100.64	$93.55 - $108.34
Q4 2023	37,661	$4,086	$90.62	$76.49 - $106.41
Q3 2023	31,645	$2,886	$93.75	$81.90 - $110.82
Q2 2023	32,196	$3,462	$95.71	$84.54 - $105.15
Q1 2023	2,345	$314	$113.27	$87.46 - $126.43
Q4 2022	2,115	$0	$128.49	$113.22 - $144.87
Q3 2022	2,115	$280	$117.79	$102.24 - $129.36
Q2 2022	2,094	$244	$114.03	$100.96 - $130.98
Q1 2022	1,615	$224	$123.52	$110.83 - $131.17
Q4 2021	2,055	$259	$113.50	$104.50 - $123.02
Q3 2021	1,962	$233	$97.86	$87.80 - $108.90
Q2 2021	1,962	$220	$101.82	$92.84 - $108.70
Q1 2021	1,951	$212	$89.31	$73.93 - $104.16
Q3 2019	2,150	$190	$72.94	$65.52 - $82.69
Q2 2019	1,137	$106	$79.79	$73.85 - $85.12
Q1 2019	1,084	$105	$80.50	$69.90 - $85.96