GALLAGHER ARTHUR J & CO

Ticker: AJG CUSIP: 363576109 Class: COM

CULLEN/FROST BANKERS, INC.'s Holding History (CIK: 0000039263)

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

Q4 2025

Shares 107,158 Value ($000) $27,731 Avg Close $264.22 Range $236.34 - $312.72

Q3 2025

Shares 126,071 Value ($000) $39,049 Avg Close $300.20 Range $276.20 - $321.70

Q2 2025

Shares 129,276 Value ($000) $41,384 Avg Close $327.56 Range $299.17 - $348.85

Q1 2025

Shares 129,230 Value ($000) $44,616 Avg Close $313.31 Range $273.17 - $344.60

Q4 2024

Shares 118,288 Value ($000) $33,576 Avg Close $288.06 Range $274.49 - $313.35

Q3 2024

Shares 92,894 Value ($000) $26,138 Avg Close $278.61 Range $254.32 - $297.84

Q2 2024

Shares 92,214 Value ($000) $23,912 Avg Close $244.50 Range $226.63 - $263.02

Q1 2024

Shares 90,320 Value ($000) $22,584 Avg Close $236.41 Range $219.54 - $252.26

Q4 2023

Shares 88,645 Value ($000) $19,935 Avg Close $232.39 Range $214.82 - $249.02

Q3 2023

Shares 83,360 Value ($000) $19,000 Avg Close $219.09 Range $207.73 - $232.98

Q2 2023

Shares 79,074 Value ($000) $17,362 Avg Close $203.16 Range $185.32 - $215.79

Q1 2023

Shares 73,591 Value ($000) $14,079 Avg Close $184.71 Range $170.15 - $196.81

Q4 2022

Shares 71,254 Value ($000) $13,434 Avg Close $181.58 Range $163.94 - $195.97

Q3 2022

Shares 61,249 Value ($000) $10,487 Avg Close $171.86 Range $155.35 - $185.72

Q2 2022

Shares 55,877 Value ($000) $9,110 Avg Close $160.18 Range $143.39 - $180.33

Q1 2022

Shares 48,932 Value ($000) $8,544 Avg Close $153.40 Range $141.59 - $170.78

Q4 2021

Shares 44,439 Value ($000) $7,540 Avg Close $156.75 Range $142.44 - $164.55

Q3 2021

Shares 44,149 Value ($000) $6,563 Avg Close $136.81 Range $129.42 - $147.92

Q2 2021

Shares 40,272 Value ($000) $5,641 Avg Close $134.67 Range $118.24 - $146.63

Q1 2021

Shares 36,984 Value ($000) $4,614 Avg Close $114.59 Range $107.07 - $122.80

Q4 2020

Shares 26,390 Value ($000) $3,265 Avg Close $107.71 Range $96.30 - $122.43

Q3 2020

Shares 24,373 Value ($000) $2,573 Avg Close $97.68 Range $90.30 - $102.85

Q2 2020

Shares 19,806 Value ($000) $1,931 Avg Close $83.03 Range $68.97 - $96.18

Q1 2020

Shares 15,708 Value ($000) $1,280 Avg Close $89.38 Range $60.94 - $102.05

Q4 2019

Shares 4,127 Value ($000) $393 Avg Close $85.11 Range $79.19 - $89.69

Q3 2019

Shares 3,357 Value ($000) $301 Avg Close $83.14 Range $79.33 - $85.65

Q2 2019

Shares 1,605 Value ($000) $141 Avg Close $76.79 Range $71.30 - $81.81

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	107,158	$27,731	$264.22	$236.34 - $312.72
Q3 2025	126,071	$39,049	$300.20	$276.20 - $321.70
Q2 2025	129,276	$41,384	$327.56	$299.17 - $348.85
Q1 2025	129,230	$44,616	$313.31	$273.17 - $344.60
Q4 2024	118,288	$33,576	$288.06	$274.49 - $313.35
Q3 2024	92,894	$26,138	$278.61	$254.32 - $297.84
Q2 2024	92,214	$23,912	$244.50	$226.63 - $263.02
Q1 2024	90,320	$22,584	$236.41	$219.54 - $252.26
Q4 2023	88,645	$19,935	$232.39	$214.82 - $249.02
Q3 2023	83,360	$19,000	$219.09	$207.73 - $232.98
Q2 2023	79,074	$17,362	$203.16	$185.32 - $215.79
Q1 2023	73,591	$14,079	$184.71	$170.15 - $196.81
Q4 2022	71,254	$13,434	$181.58	$163.94 - $195.97
Q3 2022	61,249	$10,487	$171.86	$155.35 - $185.72
Q2 2022	55,877	$9,110	$160.18	$143.39 - $180.33
Q1 2022	48,932	$8,544	$153.40	$141.59 - $170.78
Q4 2021	44,439	$7,540	$156.75	$142.44 - $164.55
Q3 2021	44,149	$6,563	$136.81	$129.42 - $147.92
Q2 2021	40,272	$5,641	$134.67	$118.24 - $146.63
Q1 2021	36,984	$4,614	$114.59	$107.07 - $122.80
Q4 2020	26,390	$3,265	$107.71	$96.30 - $122.43
Q3 2020	24,373	$2,573	$97.68	$90.30 - $102.85
Q2 2020	19,806	$1,931	$83.03	$68.97 - $96.18
Q1 2020	15,708	$1,280	$89.38	$60.94 - $102.05
Q4 2019	4,127	$393	$85.11	$79.19 - $89.69
Q3 2019	3,357	$301	$83.14	$79.33 - $85.65
Q2 2019	1,605	$141	$76.79	$71.30 - $81.81