13F-HR 1 y54639e13fvhr.txt FORM 13F 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: 03.31.2008 ---------- 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 04.11.2008 ------------------- ------------------ ---------- (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: 122 --------------------------- Form 13F Information Table Value Total: 4,186,600 --------------------------- (thousands) Cullen Capital Management, LLC FORM 13F March 31, 2008
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Company COM 88579Y101 131413 1660300 SH SOLE 1660300 AT&T Inc COM 00206R102 99513 2598263 SH SOLE 355000 2243263 Acer Inc COM 6005850 651 363750 SH SOLE 363750 African Bank Investments COM S01035112 116 35500 SH SOLE 35500 Allied Capital Corp. COM 01903Q108 7015 380650 SH SOLE 380650 Altria Group Inc COM 02209S103 3361 151400 SH SOLE 151400 American Int'l Grp COM 026874107 76101 1759550 SH SOLE 1759550 Archer Daniels COM 039483102 38555 936700 SH SOLE 936700 Arrow Electronics COM 042735100 35876 1066152 SH SOLE 1066152 Ascendas Real Estate Investmen COM Y0205X103 738 428000 SH SOLE 428000 Bank of America COM 060505104 116674 3077650 SH SOLE 269900 2807750 Berjaya Sports Toto COM Y0849N107 933 578900 SH SOLE 578900 Borg Warner Inc. COM 099724106 87818 2040850 SH SOLE 2040850 Bristol Meyers COM 110122108 12071 566700 SH SOLE 566700 British American Tobacco Malay COM Y73286117 559 42000 SH SOLE 42000 Bunge LTD COM G16962105 111050 1278200 SH SOLE 1278200 Canadian National COM 136375102 54085 1119300 SH SOLE 1119300 Canadian Pacific Ltd COM 13645T100 33264 517400 SH SOLE 517400 Chevron Corp COM 166764100 15536 182000 SH SOLE 182000 Chubb Corp COM 171232101 56875 1149450 SH SOLE 1149450 Chunghwa Telecom Co Ltd COM 6287841 279 106000 SH SOLE 106000 Citigroup, Inc. COM 172967101 4643 216750 SH SOLE 216750 Comfortdelgro Corp COM Y1690R106 857 650000 SH SOLE 650000 Corio NV COM N2273C104 776 8850 SH SOLE 8850 Deutsche Lufthansa COM D1908N106 1099 40450 SH SOLE 40450 Devon COM 25179M103 155217 1487750 SH SOLE 1487750 Digi Swisscom COM Y2070Q106 1104 144500 SH SOLE 144500 Dow Chemical COM 260543103 11713 317850 SH SOLE 317850 Embotelladors COM P3699M104 1037 268200 SH SOLE 268200 Enerplus Resourses Fund COM 29274D604 796 18350 SH SOLE 18350 Ensco Intl COM 26874Q100 93501 1493150 SH SOLE 1493150 Equigold NL COM 006319959 720 170220 SH SOLE 170220 Eurocommercial Properties COM N31065142 266 4750 SH SOLE 4750 FedEx Corp. COM 31428X106 92267 995650 SH SOLE 995650 General Electric COM 369604103 137964 3727750 SH SOLE 392700 3335050 General Mills COM 370334104 102092 1704950 SH SOLE 1704950 Genuine Parts Co. COM 372460105 10365 257700 SH SOLE 257700 Globe Telecom COM Y27257149 652 18000 SH SOLE 18000 HCP Inc COM 40414L109 15215 450000 SH SOLE 450000 HJ Heinz CO COM 423074103 13685 291350 SH SOLE 291350 Health Care Reit Incorporated COM 42217K106 15119 335000 SH SOLE 335000 Hewlett Packard COM 428236103 113810 2492550 SH SOLE 2492550 Home Depot COM 437076102 35155 1256870 SH SOLE 1256870 Hopewell Holdings Ltd COM Y37129148 942 248000 SH SOLE 248000 IOI Properties Berhad COM Y41762108 498 133700 SH SOLE 133700 ITT Corporation COM 450911102 79805 1540340 SH SOLE 1540340 JP Morgan Chase COM 46625H100 129030 3004200 SH SOLE 317650 2686550 Johnson & Johnson COM 478160104 144277 2224100 SH SOLE 205000 2019100 KT&G Corp - LOCAL COM Y49904108 959 12245 SH SOLE 12245 Kimberly Clark COM 494368103 131821 2042150 SH SOLE 200950 1841200 Kraft Foods Inc. COM 50075N104 131832 4251282 SH SOLE 416132 3835150 Kuala Lumpur Kepong COM Y47153104 900 177500 SH SOLE 177500 Lite-On Tech COM 6519481 377 323831 SH SOLE 323831 Merrill Lynch & Co. COM 590188108 67525 1657450 SH SOLE 1657450 Metlife Inc. COM 59156R108 106513 1767550 SH SOLE 1767550 Morgan Stanley,Dean Witter,Dis COM 617446448 85434 1869450 SH SOLE 1869450 Nestle SA-Registered COM H57312466 365 730 SH SOLE 730 Nintendo Corp Ltd COM J51699106 1930 3750 SH SOLE 3750 PPG Industries Inc. COM 693506107 10892 180000 SH SOLE 180000 PT Int'l Nickel Indonesia COM Y39128148 76 100000 SH SOLE 100000 Parkway Holdings COM V71793109 146 63000 SH SOLE 63000
1 Cullen Capital Management, LLC FORM 13F March 31, 2008
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Pfizer Inc. COM 717081103 89312 4267200 SH SOLE 305500 3961700 Philip Morris Intl Inc COM 718172109 7658 151400 SH SOLE 151400 Pretoria Portland and Cement COM S63820112 291 59070 SH SOLE 59070 Primaris Retail Real Estate In COM 74157U109 234 14550 SH SOLE 14550 RWE AG - LOCAL COM D6629K109 901 7300 SH SOLE 7300 Raffles Medical Group COM Y7174H100 1105 1229900 SH SOLE 1229900 Raytheon Co.(New) COM 755111507 130034 2012600 SH SOLE 2012600 Road King Infrastructure COM G76058109 410 365000 SH SOLE 365000 Rojana Indus Park - Foreign COM Y7323X147 488 952000 SH SOLE 952000 Rotary Engineering LTD COM Y7326V106 836 1296500 SH SOLE 1296500 SBI Holdings COM J6991H100 720 3000 SH SOLE 3000 Siliconware Precision COM 827084864 734 87401 SH SOLE 87401 Siliconware Precision Industri COM 6808877 101 60000 SH SOLE 60000 Singapore Technologies COM Y7996W103 1396 570000 SH SOLE 570000 Singapore Telecom - Local COM Y79985209 1145 395000 SH SOLE 395000 Taiwan Semiconductor Manufactu COM 6889106 303 146000 SH SOLE 146000 Tat Hong Holdings Ltd COM Y8548U124 1001 622000 SH SOLE 622000 Telenor ASA LOCAL COM R21882106 349 18200 SH SOLE 18200 Timberwest Forest Corp COM 887147205 332 26950 SH SOLE 26950 Tongaat-Hulett Grp COM S85920130 600 54671 SH SOLE 54671 Tsakos Energy Navigation Ltd A COM G9108L108 1058 34400 SH SOLE 34400 Unicredito Italiano SpA COM T95132105 534 79650 SH SOLE 79650 United Overseas Bank COM V96194127 742 53500 SH SOLE 53500 United Tech Corp COM 913017109 118951 1728440 SH SOLE 1728440 Verizon COM 92343V104 108314 2985500 SH SOLE 372950 2612550 Vermillion Energy Trust Unit COM 923728109 1015 29000 SH SOLE 29000 Volvo AB-B Shs COM 928856301 323 21300 SH SOLE 21300 Weyerhaeuser & Co COM 962166104 44286 680900 SH SOLE 83250 597650 Anglo American plc ADR 03485P201 116062 3898621 SH SOLE 33800 3864821 Australia & New Zealand Bkg AD ADR 052528304 867 8300 SH SOLE 8300 B.A.T. Industries ADR 110448107 1560 20600 SH SOLE 20600 BP Amoco PLC ADR 055622104 11056 182300 SH SOLE 182300 Barclays Bank ADR ADR 06738E204 1191 32900 SH SOLE 32900 Cemex S.A.B DE ADR 151290889 69343 2654802 SH SOLE 211213 2443589 Chunghwa Telecom Co Ltd ADR 17133Q304 1244 47800 SH SOLE 47800 Companhia Energetica de Minas ADR 204409601 11730 650210 SH SOLE 650210 Companhia Siderurgica NACL ADR ADR 20440W105 518 14400 SH SOLE 14400 Diageo PLC ADR ADR 25243Q205 115271 1417500 SH SOLE 185400 1232100 Eni SPA ADR 26874R108 705 10350 SH SOLE 10350 Ente Nazionale per l'Energia E ADR 29265W108 13965 265500 SH SOLE 265500 France Telecom ADR 35177Q105 1253 37300 SH SOLE 37300 GlaxoSmithkline - ADR ADR 37733W105 67211 1584050 SH SOLE 86500 1497550 HSBC Holdings ADR 404280406 329 4000 SH SOLE 4000 ING Group ADR 456837103 11536 308700 SH SOLE 308700 Kimberly Clark of Mex ADR 494386204 588 26850 SH SOLE 26850 Kookmin Bank ADR 50049M109 589 10500 SH SOLE 10500 Lloyd's Tsb Grp ADR 539439109 565 15750 SH SOLE 15750 Nestles SA ADR ADR 641069406 140925 1126050 SH SOLE 10900 1115150 Nokia Sponsored ADR ADR 654902204 106849 3356850 SH SOLE 44800 3312050 O A O Gazprom ADR 368287207 79015 1564650 SH SOLE 1564650 Petrochina Co. Ltd - ADR ADR 71646E100 13552 108150 SH SOLE 108150 Petroleo Brasileiro ADR 71654V408 135184 1323910 SH SOLE 14850 1309060 Sadia SA ADR 786326108 468 26333 SH SOLE 26333 Singapore Telecom ADR ADR 82929R304 400 14050 SH SOLE 14050 Taiwan Semiconductor Mfg Co ADR 874039100 602 58650 SH SOLE 58650 Uniao de Bancos Brasileiros ADR 90458E107 537 4600 SH SOLE 4600 Unilever NV ADR 904784709 159582 4731150 SH SOLE 553200 4177950 United Overseas Bank Sponsored ADR 911271302 449 16200 SH SOLE 16200 Vodafone Group PLC ADR 92857W209 15893 538550 SH SOLE 538550 Volvo Aktiebolaget ADR 928856400 1012 67050 SH SOLE 67050 Ford Motor Cap Tr II PFD 345395206 9520 323800 SH SOLE 323800
2 Cullen Capital Management, LLC FORM 13F March 31, 2008
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- REPORT SUMMARY 122 DATA RECORDS 4186600 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
Do not save this screen as a text file. This report automatically creates the text file inftable.txt, which meets all SEC filing requirements. For details on the location of this text file, see your 705 Report documentation. 3