PUTNAM ETF TRUST

Ticker: PVAL CUSIP: 746729300 Class: FOCUSED LAR CAP

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

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

Q4 2025

Shares 6,852,855 Value ($000) $312,285 Avg Close — Range —

Q3 2025

Shares 5,843,370 Value ($000) $249,629 Avg Close — Range —

Q2 2025

Shares 2,482,578 Value ($000) $99,874 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,852,855	$312,285	—	—
Q3 2025	5,843,370	$249,629	—	—
Q2 2025	2,482,578	$99,874	—	—