13F-HR 1 y40943e13fvhr.txt FORM 13F-HR OMB APPROVAL OMB Number: 3235-0006 Expires: December 31, 2006 Estimated average burden hours per response....22.8 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09.30.2007 ---------- Check here if Amendment |_|: Amendment Number: __________ This Amendment (Check only one.): |_| is a restatement. |_| adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Cullen Capital Management, LLC --------------------------------------- Address: 645 Fifth Ave. ------------------------ New York, New York 10022 ------------------------ Form 13F File Number: 028-____ The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: James P. Cullen --------------- Title: President --------------- Phone: (212) 644-1800 -------------- Signature, Place, and Date of Signing: /s/ James P. Cullen New York, New York 10.15.2007 ------------------- ------------------ ---------- (Signature) (City, State) (Date) Report Type (Check only one.): |X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) |_| 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) |_| 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 --------------------------- Form 13F Information Table Entry Total: From 117 to 113 --------------------------- Form 13F Information Table Value Total: From 3,875,194 to 4,075,849 --------------------------- (thousands) FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Company COM 88579Y101 130744 1397140 SH SOLE 1397140 AT&T Inc COM 00206R102 112309 2654429 SH SOLE 355000 2299429 Acer Inc COM 6005850 323 183750 SH SOLE 183750 African Bank Investments COM S01035112 143 31500 SH SOLE 31500 Allied Capital Corp. COM 01903Q108 11187 380650 SH SOLE 380650 Altria Group Inc COM 02209S103 10527 151400 SH SOLE 151400 American Int'l Grp COM 026874107 120248 1777500 SH SOLE 1777500 Archer Daniels COM 039483102 31810 961600 SH SOLE 961600 Arrow Electronics COM 042735100 44166 1038702 SH SOLE 1038702 Ascendas Real Estate Investmen COM Y0205X103 281 153000 SH SOLE 153000 B.A.T. Industries COM 110448107 947 13150 SH SOLE 13150 Bank of America COM 060505104 119793 2383000 SH SOLE 269900 2113100 Berjaya Sports Toto COM Y0849N107 631 430000 SH SOLE 430000 Borg Warner Inc. COM 099724106 95819 1046860 SH SOLE 1046860 Bristol Meyers COM 110122108 16332 566700 SH SOLE 566700 British American Tobacco Malay COM Y73286117 276 22800 SH SOLE 22800 Bunge LTD COM G16962105 140910 1311400 SH SOLE 1311400 Calloway Real Estate Investmen COM 131253205 513 20750 SH SOLE 20750 Canadian National COM 136375102 44541 781420 SH SOLE 781420 Canadian Pacific Ltd COM 13645T100 22957 326600 SH SOLE 326600 Chevron Corp COM 166764100 17032 182000 SH SOLE 182000 Chubb Corp COM 171232101 63258 1179300 SH SOLE 1179300 Citigroup, Inc. COM 172967101 48254 1033930 SH SOLE 1033930 ConocoPhilips COM 20825C104 128826 1467770 SH SOLE 1467770 Corio NV COM N2273C104 350 4100 SH SOLE 4100 Deutsche Lufthansa COM D1908N106 828 28750 SH SOLE 28750 Devon COM 25179M103 126825 1524340 SH SOLE 1524340 Discover Financial Service COM 254709108 13857 666200 SH SOLE 666200 Dow Chemical COM 260543103 13687 317850 SH SOLE 317850 Enerplus Resourses Fund COM 29274D604 425 9000 SH SOLE 9000 Equigold NL COM 006319959 75 32400 SH SOLE 32400 Eurocommercial Properties COM N31065142 661 11900 SH SOLE 11900 FedEx Corp. COM 31428X106 97878 934400 SH SOLE 934400 General Electric COM 369604103 75177 1815880 SH SOLE 392700 1423180 General Mills COM 370334104 98723 1701830 SH SOLE 1701830 Genuine Parts Co. COM 372460105 12885 257700 SH SOLE 257700 HCP Inc COM 40414L109 14926 450000 SH SOLE 450000 HJ Heinz CO COM 423074103 13460 291350 SH SOLE 291350 Health Care Reit Incorporated COM 42217K106 14820 335000 SH SOLE 335000 Hewlett Packard COM 428236103 110752 2224380 SH SOLE 2224380 Home Depot COM 437076102 41840 1289770 SH SOLE 1289770 Hopewell Holdings Ltd COM Y37129148 263 55000 SH SOLE 55000 IOI Properties Berhad COM Y41762108 338 90700 SH SOLE 90700 JP Morgan Chase COM 46625H100 125904 2747800 SH SOLE 317650 2430150 Johnson & Johnson COM 478160104 119804 1823500 SH SOLE 1823500
Page 1 KT&G Corp - LOCAL COM Y49904108 1013 12945 SH SOLE 12945 Kimberly Clark COM 494368103 138056 1964930 SH SOLE 200950 1763980 Kraft Foods Inc. COM 50075N104 99811 2892232 SH SOLE 416132 2476100 Lite-On Tech COM 6519481 314 200831 SH SOLE 200831 Merrill Lynch & Co. COM 590188108 86359 1211550 SH SOLE 1211550 Metlife Inc. COM 59156R108 126287 1811090 SH SOLE 1811090 Morgan Stanley,Dean Witter,Dis COM 617446448 107604 1708000 SH SOLE 1708000 Nintendo Co Ltd COM J51699106 990 1900 SH SOLE 1900 PPG Industries Inc. COM 693506107 13599 180000 SH SOLE 180000 PT Int'l Nickel Indonesia COM Y39128130 139 20000 SH SOLE 20000 Parkway Holdings COM V71793109 151 53000 SH SOLE 53000 Petra Foods Ltd COM Y6804G102 189 174000 SH SOLE 174000 Pfizer Inc. COM 717081103 106731 4368870 SH SOLE 305500 4063370 Philippine Long Distance Telec COM 718252604 540 8400 SH SOLE 8400 Pretoria Portland and Cement COM S63820112 418 60180 SH SOLE 60180 Primaris Retail Real Estate In COM 74157U109 596 31950 SH SOLE 31950 RWE AG - LOCAL COM D6629K109 493 3930 SH SOLE 3930 Raffles Medical Group COM Y7174H100 809 794900 SH SOLE 794900 Raytheon Co.(New) COM 755111507 131601 2062060 SH SOLE 2062060 Riocan Real Estate Investment COM 766910103 437 17400 SH SOLE 17400 Road King Infrastructure COM G76058109 401 190000 SH SOLE 190000 Rojana Indus Park - Foreign COM Y7323X147 14 27000 SH SOLE 27000 Rotary Engineering LTD COM Y7326V106 636 660000 SH SOLE 660000 Siliconware Precision COM 827084864 849 70127 SH SOLE 70127 Singapore Technologies COM Y7996W103 788 300000 SH SOLE 300000 Singapore Telecom - Local COM Y79985209 84 30000 SH SOLE 30000 St. George Bank Ltd COM Q8757F106 920 29350 SH SOLE 29350 Tat Hong Holdings Ltd COM Y8548U124 786 484000 SH SOLE 484000 Telenor ASA LOCAL COM R21882106 503 25200 SH SOLE 25200 Tongaat-Hulett Grp COM S85920130 236 15865 SH SOLE 15865 Tsakos Energy Navigation Ltd A COM G9108L108 313 4450 SH SOLE 4450 Unicredito Italiano SpA COM T95132105 128 15000 SH SOLE 15000 United Tech Corp COM 913017109 130062 1616080 SH SOLE 1616080 Verizon COM 92343V104 114847 2593650 SH SOLE 372950 2220700 Vermillion Energy Trust Unit COM 923728109 510 13900 SH SOLE 13900 Weyerhaeuser & Co COM 962166104 51279 709250 SH SOLE 83250 626000 ABN Amro Holding ADR 000937102 745 14200 SH SOLE 14200 Aluminum Corp China Ltd ADR 022276109 319 4550 SH SOLE 4550 Anglo American plc ADR 03485P201 16273 486481 SH SOLE 3300 483181 Australia & New Zealand Bkg AD ADR 052528304 719 5500 SH SOLE 5500 BP Amoco PLC ADR 055622104 11762 169600 SH SOLE 169600 Cemex S.A.B DE ADR 151290889 78385 2619809 SH SOLE 208413 2411396 Companhia Energetica de Minas ADR 204409601 14091 660610 SH SOLE 660610 Companhia Siderurgica NACL ADR ADR 20440W105 751 10650 SH SOLE 10650 Diageo PLC ADR ADR 25243Q205 126524 1442200 SH SOLE 178050 1264150 Eni SPA ADR 26874R108 892 12100 SH SOLE 12100 Ente Nazionale per l'Energia E ADR 29265W108 14149 251000 SH SOLE 251000 France Telecom ADR 35177Q105 607 18150 SH SOLE 18150 GlaxoSmithkline - ADR ADR 37733W105 84274 1584090 SH SOLE 50450 1533640 HSBC Holdings ADR 404280406 259 2800 SH SOLE 2800 ING Group ADR 456837103 12777 288350 SH SOLE 288350
Page 2 Icici Bank - ADR ADR 45104G104 38520 730650 SH SOLE 730650 Kimberly Clark of Mex ADR 494386204 592 26850 SH SOLE 26850 Lloyd's Tsb Grp ADR 539439109 5420 121909 SH SOLE 121909 Nestles SA ADR ADR 641069406 126385 1129450 SH SOLE 8350 1121100 Nokia Sponsored ADR ADR 654902204 115481 3044580 SH SOLE 43800 3000780 O A O Gazprom ADR 368287207 59884 1361000 SH SOLE 1361000 Petrochina Co. Ltd - ADR ADR 71646E100 19548 105600 SH SOLE 105600 Petroleo Brasileiro ADR 71654V408 774 10250 SH SOLE 10250 Sadia SA ADR 786326108 331 5950 SH SOLE 5950 Siemens AG - Germany ADR 826197501 460 3350 SH SOLE 3350 Singapore Telecom ADR ADR 82929R304 661 24750 SH SOLE 24750 Uniao de Bancos Brasileiros ADR 90458E107 579 4400 SH SOLE 4400 Unilever NV ADR 904784709 148673 4819230 SH SOLE 532800 4286430 United Overseas Bank Sponsored ADR 911271302 592 19950 SH SOLE 19950 Vodafone Group PLC ADR 92857W209 19150 527550 SH SOLE 527550 Volvo Aktiebolaget ADR 928856400 252 14500 SH SOLE 14500 Ford Motor Cap Tr II PFD 345395206 12223 323800 SH SOLE 323800
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