13F-HR 1 y74653e13fvhr.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: 12.31.2008 ---------- 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: 028-11905 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 2.12.2008 ------------------- ------------------ --------- (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: 110 --------------------------- Form 13F Information Table Value Total: 4,465,962 --------------------------- (thousands) Cullen Capital Management, LLC FORM 13F December 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 Co. COM 88579Y101 146621 2548150 SH Sole 275600 2272550 AT&T Inc. COM 00206R102 146484 5139800 SH Sole 763150 4376650 Acer Inc COM 6005850 651 501506 SH Sole 501506 African Bank Investments COM S01035112 154 56500 SH Sole 56500 Altria Group Inc. COM 02209S103 20172 1339450 SH Sole 1339450 Archer Daniels Midland Co. COM 039483102 29936 1038350 SH Sole 1038350 Arrow Electronics Inc. COM 042735100 24857 1319350 SH Sole 1319350 Ascendas Real Estate Investmen COM Y0205X103 515 533000 SH Sole 533000 Australia & New Zealand Bankin COM 6065586 773 71750 SH Sole 71750 BNP Paribas S.A. COM F1058Q238 1948 46000 SH Sole 46000 Bank of America Corp. COM 060505104 59215 4205600 SH Sole 1093350 3112250 Berjaya Sports Toto COM Y0849N107 240 173900 SH Sole 173900 BorgWarner Inc. COM 099724106 64335 2955200 SH Sole 2955200 Bristol-Myers Squibb Co. COM 110122108 170289 7324250 SH Sole 926250 6398000 British American Tobacco Malay COM Y73286117 238 18500 SH Sole 18500 Bunge Ltd. COM G16962105 73348 1416800 SH Sole 1416800 Canadian National Railway Co. COM 136375102 47404 1289550 SH Sole 1289550 Canadian Pacific Railway Ltd. COM 13645T100 26420 785850 SH Sole 785850 Chevron Corp. COM 166764100 23075 311950 SH Sole 311950 Chubb Corp. COM 171232101 159355 3124600 SH Sole 3124600 Chunghwa Telecom Co Ltd COM 6287841 255 156340 SH Sole 156340 Citigroup Inc. COM 172967101 19187 2859450 SH Sole 2859450 ConocoPhillips COM 20825C104 7783 150250 SH Sole 150250 Corio N.V. COM N2273C104 434 9450 SH Sole 9450 Covidien Ltd. COM G2552X108 78862 2176100 SH Sole 2176100 Deutsche Lufthansa AG COM D1908N106 1752 110950 SH Sole 110950 Devon Energy Corp. COM 25179M103 108362 1649100 SH Sole 1649100 Digi Swisscom COM Y2070Q106 126 20000 SH Sole 20000 Dominion Resources Inc. (Virgi COM 25746U109 8415 234800 SH Sole 234800 Dow Chemical Co. COM 260543103 11357 752650 SH Sole 752650 ENSCO International Inc. COM 26874Q100 76899 2708650 SH Sole 2708650 Eli Lilly & Co. COM 532457108 159425 3958900 SH Sole 568450 3390450 Embotelladoras Arca S.A. de C. COM P3699M104 473 268200 SH Sole 268200 Enerplus Resources Fund COM 29274D604 774 39550 SH Sole 39550 Eurocommercial Properties NV COM N31065142 461 13700 SH Sole 13700 FedEx Corp. COM 31428X106 70863 1104650 SH Sole 1104650 General Electric Co. COM 369604103 13883 856950 SH Sole 856950 General Mills Inc. COM 370334104 147036 2420350 SH Sole 2420350 Genuine Parts Co. COM 372460105 18120 478600 SH Sole 478600 H.J. Heinz Co. COM 423074103 18764 499050 SH Sole 499050 HCP Inc. COM 40414L109 18527 667150 SH Sole 667150 HSBC Holdings PLC COM 6158163 1208 127000 SH Sole 127000 Health Care REIT Inc. COM 42217K106 20151 477500 SH Sole 477500 Hewlett-Packard Co. COM 428236103 121243 3340950 SH Sole 3340950 Home Depot Inc. COM 437076102 52816 2294350 SH Sole 2294350 Honda Motors COM J22302111 1519 72000 SH Sole 72000 Hopewell Holdings Ltd COM Y37129148 622 189000 SH Sole 189000 ITT Corp. COM 450911102 150068 3263050 SH Sole 3263050 J.C. Penney Co. Inc. COM 708160106 1461 74154 SH Sole 74154 JP Morgan Chase & Co. COM 46625H100 147523 4678800 SH Sole 638150 4040650 Johnson & Johnson COM 478160104 169451 2832200 SH Sole 344400 2487800 KT&G Corp - LOCAL COM Y49904108 1026 17545 SH Sole 17545 Kimberly-Clark Corp. COM 494368103 153938 2918800 SH Sole 358050 2560750 Kraft Foods Inc. COM 50075N104 162688 6059132 SH Sole 789832 5269300 Merrill Lynch & Co. Inc. COM 590188108 31904 2740900 SH Sole 2740900 Morgan Stanley COM 617446448 2005 125000 SH Sole 125000 Nestle S.A. COM H57312649 1189 30200 SH Sole 30200 Nintendo Corp Ltd COM J51699106 2111 5650 SH Sole 5650 Oracle Corp. COM 68389x105 148475 8374200 SH Sole 8374200 Pfizer Inc. COM 717081103 10350 584400 SH Sole 584400 Philip Morris International In COM 718172109 20089 461700 SH Sole 461700 Pretoria Portland Cement Co. L COM S63820120 186 54522 SH Sole 54522
1 Cullen Capital Management, LLC FORM 13F December 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Primaris Retail REIT COM 74157U109 346 39200 SH Sole 39200 RWE AG COM D6629K109 2414 26850 SH Sole 26850 Raffles Medical Group Ltd. COM Y7174H100 723 1504900 SH Sole 1504900 Raytheon Co. COM 755111507 145150 2843850 SH Sole 2843850 RioCan Real Estate Investment COM 766910103 467 41000 SH Sole 41000 Rojana Indus Park - Foreign COM Y7323X147 106 952000 SH Sole 952000 Rotary Engineering Ltd. COM Y7326V106 252 1476500 SH Sole 1476500 Sandvik AB COM W74857165 1241 197000 SH Sole 197000 Singapore Technologies Enginee COM Y7996W103 342 205000 SH Sole 205000 Singapore Telecommunications L COM Y79985209 861 485000 SH Sole 485000 Tat Hong Holdings Ltd. COM Y8548U124 288 612000 SH Sole 612000 Tsakos Energy Navigation Ltd. COM G9108L108 956 52200 SH Sole 52200 U.S. Bancorp COM 902973304 8069 322650 SH Sole 322650 United Overseas Bank Ltd. COM V96194127 1514 167500 SH Sole 167500 United Technologies Corp. COM 913017109 133678 2494000 SH Sole 2494000 Verizon Communications Inc. COM 92343V104 118894 3507200 SH Sole 611350 2895850 Vermillion Energy Trust Unit COM 923728109 890 42900 SH Sole 42900 Volvo AB Series B COM 928856301 1046 189650 SH Sole 189650 Walt Disney Co. COM 254687106 127952 5639150 SH Sole 5639150 Westpac Banking Corp. COM Q97417101 300 25086 SH Sole 25086 Weyerhaeuser Co. COM 962166104 20004 653500 SH Sole 653500 Anglo American PLC (ADR) ADR 03485P201 62965 5418693 SH Sole 90600 5328093 AstraZeneca PLC (ADR) ADR 046353108 98361 2397300 SH Sole 521650 1875650 BP PLC (ADR) ADR 055622104 20972 448700 SH Sole 448700 Barclays PLC (ADR) ADR 06738E204 1003 102350 SH Sole 102350 British American Tobacco PLC ( ADR 110448107 2140 40300 SH Sole 40300 Cemex S.A.B. de C.V. (ADR) ADR 151290889 27172 2972880 SH Sole 283228 2689652 Chunghwa Telecom Co. Ltd. (ADR ADR 17133Q304 946 60640 SH Sole 60640 Companhia Energetica de Minas ADR 204409601 10259 746674 SH Sole 746674 Companhia Siderurgica Nacional ADR 20440W105 1745 136250 SH Sole 136250 Diageo PLC (ADR) ADR 25243Q205 96575 1702070 SH Sole 336320 1365750 ENI S.p.A. (ADR) ADR 26874R108 1659 34700 SH Sole 34700 France Telecom (ADR) ADR 35177Q105 2223 79200 SH Sole 79200 Gazprom OAO (ADR) ADR 368287207 35884 2518200 SH Sole 2518200 GlaxoSmithKline PLC (ADR) ADR 37733W105 121640 3263750 SH Sole 287050 2976700 HSBC Holdings PLC (ADR) ADR 404280406 966 19850 SH Sole 19850 ING Groep N.V. (ADR) ADR 456837103 1263 113750 SH Sole 113750 Nestle S.A. (ADR) ADR 641069406 123758 3117335 SH Sole 29400 3087935 Nokia Corp. (ADR) ADR 654902204 87586 5614500 SH Sole 800800 4813700 PetroChina Co. Ltd. (ADR) ADR 71646E100 10562 118700 SH Sole 118700 Petroleo Brasileiro S/A (ADR) ADR 71654V408 965 39400 SH Sole 39400 Siliconware Precision ADR 827084864 463 103700 SH Sole 103700 Taiwan Semiconductor Man. Co. ADR 874039100 863 109300 SH Sole 109300 Unibanco-Uniao de Bancos Brasi ADR 90458E107 570 8850 SH Sole 8850 Unilever N.V. (ADR) ADR 904784709 157542 6417200 SH Sole 910500 5506700 Vodafone Group PLC (ADR) ADR 92857W209 71653 3505550 SH Sole 1105550 2400000 Ford Motor Cap Tr II PFD 345395206 2921 323800 SH Sole 323800 Tat Hong WTS 8/2/13 Y9900o987 2 79200 SH Sole 79200 REPORT SUMMARY 110 DATA RECORDS 4465962 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
2