CULLEN FROST BANKERS INC

Ticker: CFR CUSIP: 229899109 Class: COM

BlackRock, Inc.'s Holding History (CIK: 0002012383)

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

Q4 2025

Shares 7,044,565 Value ($000) $892,053 Avg Close $124.81 Range $118.05 - $131.54

Q3 2025

Shares 6,196,252 Value ($000) $785,499 Avg Close $128.28 Range $119.45 - $138.08

Q2 2025

Shares 6,010,783 Value ($000) $772,626 Avg Close $119.75 Range $97.98 - $128.76

Q1 2025

Shares 6,058,733 Value ($000) $758,553 Avg Close $130.63 Range $116.83 - $142.04

Q4 2024

Shares 6,158,931 Value ($000) $826,836 Avg Close $126.85 Range $102.70 - $142.25

Q3 2024

Shares 5,984,476 Value ($000) $669,424 Avg Close $104.76 Range $92.61 - $117.67

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	7,044,565	$892,053	$124.81	$118.05 - $131.54
Q3 2025	6,196,252	$785,499	$128.28	$119.45 - $138.08
Q2 2025	6,010,783	$772,626	$119.75	$97.98 - $128.76
Q1 2025	6,058,733	$758,553	$130.63	$116.83 - $142.04
Q4 2024	6,158,931	$826,836	$126.85	$102.70 - $142.25
Q3 2024	5,984,476	$669,424	$104.76	$92.61 - $117.67