CULLEN FROST BANKERS INC

Ticker: CFR CUSIP: 229899109 Class: COM

Utah Retirement Systems's Holding History (CIK: 0001548392)

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

Q4 2025

Shares 9,796 Value ($000) $1,240 Avg Close $124.81 Range $118.05 - $131.54

Q3 2025

Shares 9,796 Value ($000) $1,242 Avg Close $128.28 Range $119.45 - $138.08

Q2 2025

Shares 9,796 Value ($000) $1,259 Avg Close $119.75 Range $97.98 - $128.76

Q1 2025

Shares 9,796 Value ($000) $1,226 Avg Close $130.63 Range $116.83 - $142.04

Q4 2024

Shares 9,796 Value ($000) $1,315 Avg Close $126.85 Range $102.70 - $142.25

Q3 2024

Shares 9,796 Value ($000) $1,096 Avg Close $104.76 Range $92.61 - $117.67

Q2 2024

Shares 9,796 Value ($000) $996 Avg Close $99.43 Range $89.89 - $110.75

Q1 2024

Shares 10,296 Value ($000) $1,159 Avg Close $100.64 Range $93.55 - $108.34

Q4 2023

Shares 10,296 Value ($000) $1,117 Avg Close $90.62 Range $76.49 - $106.41

Q3 2023

Shares 10,196 Value ($000) $930 Avg Close $93.75 Range $81.90 - $110.82

Q2 2023

Shares 10,196 Value ($000) $1,096 Avg Close $95.71 Range $84.54 - $105.15

Q1 2023

Shares 10,396 Value ($000) $1,095 Avg Close $113.27 Range $87.46 - $126.43

Q4 2022

Shares 10,296 Value ($000) $1,377 Avg Close $128.49 Range $113.22 - $144.87

Q3 2022

Shares 10,496 Value ($000) $1,388 Avg Close $117.79 Range $102.24 - $129.36

Q2 2022

Shares 10,196 Value ($000) $1,187 Avg Close $114.03 Range $100.96 - $130.98

Q1 2022

Shares 10,196 Value ($000) $1,411 Avg Close $123.52 Range $110.83 - $131.17

Q4 2021

Shares 10,396 Value ($000) $1,310 Avg Close $113.50 Range $104.50 - $123.02

Q3 2021

Shares 10,396 Value ($000) $1,233 Avg Close $97.86 Range $87.80 - $108.90

Q2 2021

Shares 10,696 Value ($000) $1,198 Avg Close $101.82 Range $92.84 - $108.70

Q1 2021

Shares 10,696 Value ($000) $1,163 Avg Close $89.31 Range $73.93 - $104.16

Q4 2020

Shares 11,196 Value ($000) $977 Avg Close $67.58 Range $53.34 - $77.06

Q3 2020

Shares 10,696 Value ($000) $684 Avg Close $59.69 Range $52.69 - $66.59

Q2 2020

Shares 10,596 Value ($000) $792 Avg Close $58.78 Range $43.52 - $74.12

Q1 2020

Shares 10,796 Value ($000) $602 Avg Close $68.15 Range $40.09 - $81.89

Q4 2019

Shares 10,796 Value ($000) $1,056 Avg Close $77.10 Range $67.80 - $82.90

Q3 2019

Shares 10,696 Value ($000) $948 Avg Close $72.94 Range $65.52 - $82.69

Q2 2019

Shares 10,696 Value ($000) $1,002 Avg Close $79.79 Range $73.85 - $85.12

Q1 2019

Shares 10,663 Value ($000) $1,035 Avg Close $80.50 Range $69.90 - $85.96

Q4 2018

Shares 10,637 Value ($000) $935 Avg Close $78.37 Range $66.24 - $87.16

Q3 2018

Shares 10,637 Value ($000) $1,111 Avg Close $88.90 Range $82.39 - $93.03

Q2 2018

Shares 10,637 Value ($000) $1,152 Avg Close $89.84 Range $80.91 - $96.62

Q1 2018

Shares 10,537 Value ($000) $1,118 Avg Close $82.70 Range $74.57 - $88.23

Q4 2017

Shares 10,437 Value ($000) $988 Avg Close $75.74 Range $72.28 - $81.18

Q3 2017

Shares 10,437 Value ($000) $990 Avg Close $70.69 Range $63.69 - $77.00

Q2 2017

Shares 10,437 Value ($000) $980 Avg Close $71.70 Range $66.32 - $77.39

Q1 2017

Shares 9,637 Value ($000) $858 Avg Close $69.53 Range $63.64 - $74.92

Q4 2016

Shares 9,637 Value ($000) $850 Avg Close $61.60 Range $53.50 - $68.59

Q3 2016

Shares 9,637 Value ($000) $693 Avg Close $52.78 Range $44.85 - $56.52

Q2 2016

Shares 9,637 Value ($000) $614 Avg Close $46.66 Range $38.78 - $51.48

Q1 2016

Shares 9,737 Value ($000) $537 Avg Close $38.79 Range $31.63 - $44.93

Q4 2015

Shares 9,737 Value ($000) $584 Avg Close $49.23 Range $44.21 - $54.77

Q3 2015

Shares 9,737 Value ($000) $620 Avg Close $50.16 Range $43.56 - $58.34

Q2 2015

Shares 9,637 Value ($000) $757 Avg Close $53.97 Range $49.18 - $58.88

Q1 2015

Shares 9,437 Value ($000) $652 Avg Close $48.75 Range $44.02 - $51.97

Q4 2014

Shares 9,237 Value ($000) $652 Avg Close $54.33 Range $48.79 - $58.92

Q3 2014

Shares 9,237 Value ($000) $707 Avg Close $56.16 Range $53.78 - $58.73

Q2 2014

Shares 9,237 Value ($000) $734 Avg Close $54.77 Range $51.32 - $57.00

Q1 2014

Shares 9,337 Value ($000) $724 Avg Close $52.77 Range $49.21 - $56.00

Q4 2013

Shares 9,237 Value ($000) $687 Avg Close $50.20 Range $48.35 - $52.59

Q3 2013

Shares 9,237 Value ($000) $652 Avg Close $49.56 Range $46.51 - $53.04

Q2 2013

Shares 9,337 Value ($000) $624 Avg Close $43.57 Range $40.75 - $46.68

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	9,796	$1,240	$124.81	$118.05 - $131.54
Q3 2025	9,796	$1,242	$128.28	$119.45 - $138.08
Q2 2025	9,796	$1,259	$119.75	$97.98 - $128.76
Q1 2025	9,796	$1,226	$130.63	$116.83 - $142.04
Q4 2024	9,796	$1,315	$126.85	$102.70 - $142.25
Q3 2024	9,796	$1,096	$104.76	$92.61 - $117.67
Q2 2024	9,796	$996	$99.43	$89.89 - $110.75
Q1 2024	10,296	$1,159	$100.64	$93.55 - $108.34
Q4 2023	10,296	$1,117	$90.62	$76.49 - $106.41
Q3 2023	10,196	$930	$93.75	$81.90 - $110.82
Q2 2023	10,196	$1,096	$95.71	$84.54 - $105.15
Q1 2023	10,396	$1,095	$113.27	$87.46 - $126.43
Q4 2022	10,296	$1,377	$128.49	$113.22 - $144.87
Q3 2022	10,496	$1,388	$117.79	$102.24 - $129.36
Q2 2022	10,196	$1,187	$114.03	$100.96 - $130.98
Q1 2022	10,196	$1,411	$123.52	$110.83 - $131.17
Q4 2021	10,396	$1,310	$113.50	$104.50 - $123.02
Q3 2021	10,396	$1,233	$97.86	$87.80 - $108.90
Q2 2021	10,696	$1,198	$101.82	$92.84 - $108.70
Q1 2021	10,696	$1,163	$89.31	$73.93 - $104.16
Q4 2020	11,196	$977	$67.58	$53.34 - $77.06
Q3 2020	10,696	$684	$59.69	$52.69 - $66.59
Q2 2020	10,596	$792	$58.78	$43.52 - $74.12
Q1 2020	10,796	$602	$68.15	$40.09 - $81.89
Q4 2019	10,796	$1,056	$77.10	$67.80 - $82.90
Q3 2019	10,696	$948	$72.94	$65.52 - $82.69
Q2 2019	10,696	$1,002	$79.79	$73.85 - $85.12
Q1 2019	10,663	$1,035	$80.50	$69.90 - $85.96
Q4 2018	10,637	$935	$78.37	$66.24 - $87.16
Q3 2018	10,637	$1,111	$88.90	$82.39 - $93.03
Q2 2018	10,637	$1,152	$89.84	$80.91 - $96.62
Q1 2018	10,537	$1,118	$82.70	$74.57 - $88.23
Q4 2017	10,437	$988	$75.74	$72.28 - $81.18
Q3 2017	10,437	$990	$70.69	$63.69 - $77.00
Q2 2017	10,437	$980	$71.70	$66.32 - $77.39
Q1 2017	9,637	$858	$69.53	$63.64 - $74.92
Q4 2016	9,637	$850	$61.60	$53.50 - $68.59
Q3 2016	9,637	$693	$52.78	$44.85 - $56.52
Q2 2016	9,637	$614	$46.66	$38.78 - $51.48
Q1 2016	9,737	$537	$38.79	$31.63 - $44.93
Q4 2015	9,737	$584	$49.23	$44.21 - $54.77
Q3 2015	9,737	$620	$50.16	$43.56 - $58.34
Q2 2015	9,637	$757	$53.97	$49.18 - $58.88
Q1 2015	9,437	$652	$48.75	$44.02 - $51.97
Q4 2014	9,237	$652	$54.33	$48.79 - $58.92
Q3 2014	9,237	$707	$56.16	$53.78 - $58.73
Q2 2014	9,237	$734	$54.77	$51.32 - $57.00
Q1 2014	9,337	$724	$52.77	$49.21 - $56.00
Q4 2013	9,237	$687	$50.20	$48.35 - $52.59
Q3 2013	9,237	$652	$49.56	$46.51 - $53.04
Q2 2013	9,337	$624	$43.57	$40.75 - $46.68