Lummis Asset Management, LP
CIK 2011652 · View on SEC EDGAR ↗
- Portfolio value
- $167.2M
- Positions
- 221
- As of
- June 30, 2026
#7,042 of 9,443 by 13F value · top 74.6%
Portfolio value QoQ: +0.8% 13F does not disclose cash
- Top 10 holdings weight
- 52.61%
- Top 25 holdings weight
- 79.75%
- Positions above 1%
- 27
- Effective number of positions
- 24.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 1.61% Est. buys $2,686,102 · sells $46,603,623
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 83.7% still held
- New positions
- 42
- Increased
- 33
- Decreased
- 36
- Closed
- 12
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +11.4% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 90.5% · Options excluded: 0.0%
Sector breakdown
Technology
19.9%
Energy
18.2%
Healthcare
9.5%
Industrials
8.6%
Communication Services
7.3%
Retail
4.8%
Financials
4.6%
Financial Services
4.2%
Real Estate
4.0%
Consumer Discretionary
3.7%
Materials
2.4%
Consumer Staples
1.9%
Consumer products
0.8%
Communications
0.5%
Utilities
0.3%
Packaging
0.0%
Telecommunication
0.0%
Other/Unmapped
9.4%
Full portfolio 221 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| MTDR Matador Resources Company Common Stock | $16,156,261 | 9.66% | 328,769 | $-4,894,150 | Down ×3 | ||
| AAPL Apple Inc. - Common Stock | $15,926,043 | 9.53% | 51,505 | $2,195,140 | Down ×3 | ||
| MSFT Microsoft Corporation - Common Stock | $13,071,098 | 7.82% | 31,432 | $617,567 | Down ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $10,793,585 | 6.46% | 31,233 | $545,376 | Down ×5 | ||
| BRKB | $7,973,207 | 4.77% | 15,823 | $488,058 | Up ×1 | ||
| GD General Dynamics Corporation Common Stock | $5,124,453 | 3.06% | 14,095 | $226,771 | Down ×5 | ||
| BSM Black Stone Minerals, L.P. Common units representing limited partner interests | $5,086,183 | 3.04% | 343,843 | $159,756 | |||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $4,907,458 | 2.94% | 4,831 | $632,895 | Down ×2 | ||
| ROST Ross Stores, Inc. - Common Stock | $4,541,801 | 2.72% | 20,062 | $-8,192 | Down ×5 | ||
| GOLF Acushnet Holdings Corp. Common Stock | $4,382,694 | 2.62% | 38,792 | $634,647 | Down ×1 | ||
| ORCL Oracle Corporation Common Stock | $4,050,610 | 2.42% | 28,781 | $-409,375 | Down ×5 | ||
| TFPM Triple Flag Precious Metals Corp. Common Shares | $3,917,140 | 2.34% | 131,121 | $-315,586 | Up ×1 | ||
| EQIX Equinix, Inc. - Common Stock | $3,899,954 | 2.33% | 3,723 | $-131,422 | |||
| TMO Thermo Fisher Scientific Inc Common Stock | $3,404,287 | 2.04% | 6,367 | $308,626 | Down ×5 | ||
| JNJ Johnson & Johnson Common Stock | $3,276,994 | 1.96% | 12,849 | $238,722 | Down ×5 | ||
| AYI Acuity Inc. Common Stock | $3,152,826 | 1.89% | 8,656 | $669,927 | Down ×5 | ||
| LLY Eli Lilly and Company Common Stock | $3,089,855 | 1.85% | 2,675 | $590,824 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $3,082,188 | 1.84% | 20,484 | $-204,194 | Down ×3 | ||
| AIG American International Group, Inc. New Common Stock | $3,050,331 | 1.82% | 40,274 | $-5,131 | Down ×2 | ||
| AMRZ Amrize Ltd Ordinary Shares | $3,044,082 | 1.82% | 58,677 | $323,091 | Up ×1 | ||
| ABT Abbott Laboratories Common Stock | $2,857,771 | 1.71% | 29,101 | $3,829 | Down ×3 | ||
| WFC Wells Fargo & Company Common Stock | $2,561,256 | 1.53% | 30,788 | $67,730 | Down ×5 | ||
| AMT American Tower Corporation (REIT) Common Stock | $2,491,672 | 1.49% | 15,032 | $-133,143 | |||
| SCHW Charles Schwab Corporation (The) Common Stock | $1,751,741 | 1.05% | 17,932 | $1,012,665 | Up ×1 | ||
| DORM Dorman Products, Inc. - Common Stock | $1,746,969 | 1.04% | 12,803 | $-353,829 | Down ×1 | ||
| KO Coca-Cola Company (The) Common Stock | $1,714,241 | 1.03% | 20,355 | $121,348 | Down ×5 | ||
| AMZN Amazon.com, Inc. - Common Stock | $1,683,674 | 1.01% | 7,088 | $100,749 | Up ×1 | ||
| DG Dollar General Corporation Common Stock | $1,652,899 | 0.99% | 13,732 | $15,369 | Down ×5 | ||
| ABBV AbbVie Inc. Common Stock | $1,603,291 | 0.96% | 6,229 | $286,856 | |||
| DVN Devon Energy Corporation Common Stock | $1,535,506 | 0.92% | 26,888 | $-337,640 | Down ×1 | ||
| VGK | $1,483,249 | 0.89% | 16,739 | $120,559 | Up ×2 | ||
| VXUS Vanguard Total International Stock ETF | $1,461,070 | 0.87% | 17,095 | $154,141 | Up ×2 | ||
| COP ConocoPhillips Common Stock | $1,411,512 | 0.84% | 12,315 | $-188,605 | Down ×4 | ||
| AMGN Amgen Inc. - Common Stock | $1,328,216 | 0.79% | 3,433 | $138,980 | |||
| PEP PepsiCo, Inc. - Common Stock | $1,306,204 | 0.78% | 9,647 | $-1,386,636 | Down ×5 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $1,168,600 | 0.70% | 3,270 | $228,279 | |||
| CVX Chevron Corporation Common Stock | $1,148,968 | 0.69% | 5,995 | $-11,729 | Up ×1 | ||
| SCHO | $1,065,699 | 0.64% | 44,147 | $-71,247 | Down ×3 | ||
| PG Procter & Gamble Company (The) Common Stock | $1,009,748 | 0.60% | 7,003 | $25,022 | Up ×1 | ||
| WMB Williams Companies, Inc. (The) Common Stock | $998,947 | 0.60% | 13,468 | $-23,612 | Down ×3 | ||
| FFIN First Financial Bankshares, Inc. - Common Stock | $856,670 | 0.51% | 24,645 | $95,133 | Down ×4 | ||
| ITW Illinois Tool Works Inc. Common Stock | $841,927 | 0.50% | 3,015 | $61,713 | |||
| SSBXXXX | $834,644 | 0.50% | 8,205 | $49,913 | Down ×5 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $765,910 | 0.46% | 6,742 | $151,365 | Up ×1 | ||
| WTM White Mountains Insurance Group, Ltd. Common Stock | $688,548 | 0.41% | 325 | $-36,848 | |||
| PSX Phillips 66 Common Stock | $627,884 | 0.38% | 3,011 | $88,009 | |||
| RTX RTX Corporation Common Stock | $582,000 | 0.35% | 2,727 | $564,253 | Up ×1 | ||
| ADP Automatic Data Processing, Inc. - Common Stock | $513,591 | 0.31% | 2,019 | $87,628 | Down ×4 | ||
| APH Amphenol Corporation Common Stock | $492,285 | 0.29% | 2,792 | $127,513 | Down ×4 | ||
| LMT Lockheed Martin Corporation Common Stock | $465,410 | 0.28% | 836 | $10,526 | Down ×1 | ||
| VTI | $345,247 | 0.21% | 933 | $45,931 | |||
| O Realty Income Corporation Common Stock | $293,480 | 0.18% | 4,680 | $-28,022 | Down ×2 | ||
| ULXXXX | $290,059 | 0.17% | 4,444 | $27,040 | Down ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $283,140 | 0.17% | 865 | $28,692 | |||
| GLD | $221,028 | 0.13% | 600 | $-37,146 | |||
| BN Brookfield Corporation Class A Limited Voting Shares | $204,986 | 0.12% | 4,813 | $10,204 | |||
| NUV Nuveen Municipal Value Fund, Inc. Common Stock | $202,840 | 0.12% | 22,000 | $5,060 | |||
| ATO Atmos Energy Corporation Common Stock | $194,321 | 0.12% | 1,128 | $-14,043 | |||
| BSV | $191,659 | 0.11% | 2,460 | $-1,230 | |||
| CLX Clorox Company (The) Common Stock | $190,945 | 0.11% | 1,974 | $573 | |||
| BP BP p.l.c. Common Stock | $187,448 | 0.11% | 4,239 | $-13,395 | |||
| BBVA Banco Bilbao Vizcaya Argentaria S.A. Common Stock | $187,238 | 0.11% | 6,784 | $37,176 | |||
| NSRGY | $181,740 | 0.11% | 1,781 | $1,943 | |||
| META Meta Platforms, Inc. - Class A Common Stock | $173,624 | 0.10% | 319 | $-13,681 | Up ×1 | ||
| CET | $159,238 | 0.10% | 3,036 | $8,470 | |||
| XEL Xcel Energy Inc. - Common Stock | $152,490 | 0.09% | 1,899 | $1,633 | |||
| FBAK | $149,500 | 0.09% | 460 | $-1,798 | |||
| SHY iShares 1-3 Year Treasury Bond ETF | $130,965 | 0.08% | 1,595 | $-734 | |||
| VDC | $113,371 | 0.07% | 490 | $-377 | |||
| BGXXXX | $108,485 | 0.06% | 1,032 | ||||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $106,401 | 0.06% | 256 | $39,024 | Up ×1 | ||
| DKS Dick's Sporting Goods Inc Common Stock | $101,354 | 0.06% | 507 | $-13,694 | |||
| NVDA NVIDIA Corporation - Common Stock | $99,445 | 0.06% | 497 | $24,802 | Up ×1 | ||
| VIG | $96,024 | 0.06% | 400 | $4,540 | |||
| KMB Kimberly-Clark Corporation - Common Stock | $93,934 | 0.06% | 854 | $10,659 | |||
| VOO | $91,346 | 0.05% | 133 | $11,872 | |||
| CVS CVS Health Corporation Common Stock | $84,176 | 0.05% | 800 | $17,544 | |||
| V Visa Inc. | $83,371 | 0.05% | 243 | $14,158 | Up ×1 | ||
| LUV Southwest Airlines Company Common Stock | $77,130 | 0.05% | 1,500 | $20,775 | |||
| CPXXXX | $74,866 | 0.04% | 864 | $6,904 | |||
| MCD McDonald's Corporation Common Stock | $67,848 | 0.04% | 251 | $-15,444 | Down ×2 | ||
| DUK Duke Energy Corporation (Holding Company) Common Stock | $63,290 | 0.04% | 500 | $-2,180 | |||
| CFR Cullen/Frost Bankers, Inc. Common Stock | $61,344 | 0.04% | 397 | $6,923 | |||
| AKRE | $58,349 | 0.03% | 1,097 | $373 | |||
| MINT | $54,538 | 0.03% | 541 | $130 | |||
| EXEL Exelixis, Inc. - Common Stock | $54,410 | 0.03% | 1,000 | $11,520 | |||
| VPL | $51,104 | 0.03% | 464 | $-1,346,961 | Down ×1 | ||
| MSI Motorola Solutions, Inc. Common Stock | $49,420 | 0.03% | 119 | $-1,354 | Up ×1 | ||
| MDLZ Mondelez International, Inc. - Class A Common Stock | $47,718 | 0.03% | 825 | $165 | |||
| VRT Vertiv Holdings, LLC Class A Common Stock | $47,544 | 0.03% | 142 | $11,962 | |||
| KMI Kinder Morgan, Inc. Common Stock | $47,490 | 0.03% | 1,500 | $-1,815 | |||
| PBT Permian Basin Royalty Trust Common Stock | $46,324 | 0.03% | 1,850 | $6,512 | |||
| VEA | $46,028 | 0.03% | 646 | $4,632 | |||
| IP International Paper Company Common Stock | $43,150 | 0.03% | 1,000 | $12,730 | |||
| Unknown issuer (CUSIP: 27005A105) | $42,500 | 0.03% | 2,000 | Up ×1 | |||
| TXN Texas Instruments Incorporated - Common Stock | $38,153 | 0.02% | 128 | $13,497 | Up ×1 | ||
| EMOP | $37,240 | 0.02% | 713 | Up ×1 | |||
| BAMXXXX | $35,745 | 0.02% | 797 | $318 | |||
| AVGO Broadcom Inc. - Common Stock | $32,109 | 0.02% | 85 | $10,443 | Up ×1 | ||
| WMT Walmart Inc. - Common Stock | $30,807 | 0.02% | 272 | $-1,630 | Up ×1 | ||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| BGXXXX | $108,485 | 1,032 | 0.06% |
| Unknown issuer (CUSIP: 27005A105) | $42,500 | 2,000 | 0.03% |
| EMOP | $37,240 | 713 | 0.02% |
| VWO | $12,956 | 217 | 0.01% |
| BAC | $3,191 | 56 | 0.00% |
| TSM | $2,865 | 6 | 0.00% |
| DIS | $2,503 | 26 | 0.00% |
| HD | $2,469 | 7 | 0.00% |
| MRK | $2,056 | 16 | 0.00% |
| AEP | $2,052 | 15 | 0.00% |
| NXPI | $1,967 | 7 | 0.00% |
| STX | $1,930 | 2 | 0.00% |
| DE | $1,903 | 3 | 0.00% |
| SPGI | $1,629 | 4 | 0.00% |
| CTVA | $1,609 | 19 | 0.00% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| MTDR | Trimmed | -4K | -$4.9M |
| AAPL | Trimmed | -992 | +$2.2M |
| PEP | Trimmed | -8K | -$1.4M |
| SCHW | Bought more | +10K | +$1.0M |
| AYI | Trimmed | -110 | +$670K |
| GOLF | Trimmed | -358K | +$635K |
| GS | Trimmed | -75 | +$633K |
| MSFT | Trimmed | -458 | +$618K |
| LLY | Bought more | +1 | +$591K |
| GOOG | Trimmed | -409 | +$545K |
2 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| GTX | Sept. 30, 2025 | 175,424 | $1,843,706 | 94.6% |
| PFE | June 30, 2026 | 11,314 | $302,083 | 15.6% |
| CLX | Dec. 31, 2025 | 1,734 | $213,802 | 7.4% |
| BG | Dec. 31, 2025 | 7,471 | $143,816 | 31.7% |
| BG | June 30, 2026 | 1,032 | $131,140 | 9.9% |
| FBAK | Dec. 31, 2025 | 460 | $125,120 | No longer tracked |
| BP | June 30, 2025 | 4,239 | $116,403 | 50.9% |
| VDC | June 30, 2025 | 490 | $108,221 | No longer tracked |
| BBVA | June 30, 2025 | 7,471 | $102,353 | 86.2% |
| MIDD | June 30, 2025 | 605 | $95,082 | -22.3% |
| BGXXXX | March 31, 2026 | 1,032 | $91,931 | No longer tracked |
| EPD | March 31, 2026 | 1,932 | $61,940 | 1.4% |
| FDS | March 31, 2026 | 140 | $40,627 | 38.3% |
| CAG | Sept. 30, 2025 | 1,500 | $28,875 | -11.4% |
| TLT | June 30, 2026 | 220 | $19,072 | |
| MDT | Sept. 30, 2025 | 213 | $18,567 | -1.2% |
| HD | Dec. 31, 2025 | 41 | $16,613 | -1.8% |
| FISV | Dec. 31, 2025 | 128 | $16,503 | -23.5% |
| BKNG | March 31, 2026 | 3 | $16,066 | 26.3% |
| SRUUF | March 31, 2025 | 900 | $15,566 | No longer tracked |
| APA | Sept. 30, 2025 | 700 | $12,803 | 83.7% |
| VWO | Sept. 30, 2025 | 212 | $10,512 | No longer tracked |
| JEPI | June 30, 2026 | 163 | $9,239 | No longer tracked |
| QCOM | March 31, 2026 | 42 | $7,184 | 25.8% |
| ELV | Sept. 30, 2025 | 18 | $7,001 | 22.2% |
| FWONKXXXX | Dec. 31, 2025 | 65 | $6,789 | No longer tracked |
| NXPI | March 31, 2025 | 30 | $6,236 | 18.2% |
| NEE | June 30, 2026 | 61 | $5,666 | -2.3% |
| FWONKXXXX | June 30, 2026 | 65 | $5,526 | No longer tracked |
| CCJ | March 31, 2025 | 100 | $5,139 | 131.4% |
| MRK | March 31, 2025 | 49 | $4,875 | 67.6% |
| URNM | March 31, 2025 | 111 | $4,474 | No longer tracked |
| JPMB | June 30, 2026 | 110 | $4,318 | No longer tracked |
| HDUS | June 30, 2026 | 61 | $3,850 | No longer tracked |
| VFH | March 31, 2025 | 31 | $3,660 | No longer tracked |
| REGN | March 31, 2025 | 5 | $3,562 | 31.7% |
| JEPQ | June 30, 2026 | 60 | $3,331 | |
| PAYX | Sept. 30, 2025 | 22 | $3,200 | -2.5% |
| ADBE | March 31, 2026 | 9 | $3,150 | 12.7% |
| URA | March 31, 2025 | 100 | $2,678 | No longer tracked |
| ICE | Dec. 31, 2025 | 15 | $2,527 | -2.7% |
| VLTO | March 31, 2026 | 19 | $1,896 | 13.1% |
| HIG | March 31, 2026 | 13 | $1,791 | 1.5% |
| HIGPRG | June 30, 2026 | 13 | $1,758 | No longer tracked |
| MRSH | March 31, 2025 | 8 | $1,699 | -22.9% |
| ALGN | Sept. 30, 2025 | 8 | $1,515 | 28.5% |
| TTEK | June 30, 2026 | 50 | $1,506 | 26.9% |
| IR | March 31, 2026 | 15 | $1,188 | 0.6% |
| NOC | March 31, 2026 | 2 | $1,140 | -15.2% |
| HON | Dec. 31, 2025 | 5 | $1,053 | 13.4% |
| NOC | Sept. 30, 2025 | 2 | $1,000 | -5.1% |
| ARKK | March 31, 2025 | 13 | $738 | No longer tracked |
| RUN | March 31, 2025 | 26 | $241 | 63.8% |
| TIGO | June 30, 2026 | 3 | $45 | -0.8% |
| SWN | March 31, 2025 | 500 | $0 | No longer tracked |