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Asset Manager ← All Institutions

Lummis Asset Management, LP

Q4 2025 · Filed 2026-02-10
Market Value
$152M
+6.7%
Holdings
187
+30
New Purchases
39
Added To
20
Closed
7
Reduced
33
Top 10 Concentration
55.2%
Turnover
24.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 10.46% 5.79% +4.68% $16M
GOOG 6.80% 5.73% +1.07% $10M
LLY 1.89% 1.44% +0.46% $3M
TMO 2.49% 2.24% +0.25% $4M
ROST 2.58% 2.38% +0.21% $4M
DG 1.28% 1.08% +0.20% $2M
GOOGL 0.69% 0.58% +0.11% $1M
BBVA 0.10% 0.00% +0.10% $158K
TFPM.TO 2.88% 2.79% +0.09% $4M
WTM 0.45% 0.38% +0.06% $675K
BG 0.06% 0.00% +0.06% $92K
GS 3.02% 2.96% +0.06% $5M
AMGN 0.72% 0.66% +0.06% $1M
AIG 2.37% 2.31% +0.05% $4M
JNJ 1.82% 1.77% +0.05% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ORCL 4.02% 6.39% -2.36% $6M
MTDR 9.41% 10.64% -1.23% $14M
PG 0.09% 0.72% -0.64% $134K
ABT 2.54% 2.93% -0.39% $4M
GD 3.30% 3.59% -0.30% $5M
AMT 1.74% 2.03% -0.29% $3M
GOLF 2.26% 2.44% -0.18% $3M
BSM 2.97% 3.15% -0.18% $5M
EQIX 1.88% 2.05% -0.17% $3M
CLX 0.00% 0.15% -0.15% $0
AAPL 9.78% 9.93% -0.15% $15M
FFIN 0.49% 0.59% -0.10% $741K
BRK-B 0.00% 0.10% -0.10% $0
PEP 1.69% 1.78% -0.10% $3M
SSB 0.56% 0.65% -0.09% $848K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 47 $76M 50.1%
Large Cap 103 $43M 28.2%
Mid Cap 26 $33M 21.4%
Small Cap 7 $393K 0.3%
Micro Cap 4 $13K 0.0%

Portfolio Analytics

Avg Market Cap
$294.0B
Median Market Cap
$75.2B
Avg P/E
26.9
Median P/E
24.0
Avg Dividend Yield
0.02%
Avg Beta
0.84
# Stocks
149
# ETFs / Funds
38

Top Holdings (187 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 10.46% 32,814 $16M $483.62 $8M +16,938 +106.7%
2 AAPL 9.78% 54,569 $15M $271.86 $727K -839 -1.5%
3 MTDR 9.41% 336,232 $14M $42.44 -$847K -225 -0.1%
4 GOOG 6.80% 32,882 $10M $313.80 $2M -564 -1.7%
5 ORCL 4.02% 31,318 $6M $194.91 -$3M -969 -3.0%
6 GD 3.30% 14,846 $5M $336.66 -$109K -131 -0.9%
7 GS 3.02% 6,812 $5M $673.06 $372K +1,522 +28.8%
8 BSM 2.97% 343,043 $5M $13.14 $30K +2,280 +0.7%
9 TFPM.TO 2.88% 131,421 $4M $33.22 $404K +33,115 +33.7%
10 ROST 2.58% 21,738 $4M $180.14 $539K -423 -1.9%
11 ABT 2.54% 30,703 $4M $125.29 -$313K -353 -1.1%
12 TMO 2.49% 6,508 $4M $579.45 $587K -57 -0.9%
13 AIG 2.37% 41,940 $4M $85.55 $302K +102 +0.2%
14 GOLF 2.26% 42,932 $3M $79.82 -$46K -1,318 -3.0%
15 AYI 2.19% 9,213 $3M $360.04 $94K -145 -1.6%
16 WFC 2.00% 32,583 $3M $93.20 $241K -767 -2.3%
17 LLY 1.89% 2,674 $3M $1,074.68 $833K
18 EQIX 1.88% 3,723 $3M $766.16 -$64K
19 JNJ 1.82% 13,373 $3M $206.95 $249K -211 -1.6%
20 AMT 1.74% 15,032 $3M $175.57 -$252K
21 XOM 1.69% 21,318 $3M $120.34 $135K -236 -1.1%
22 PEP 1.69% 17,823 $3M $143.52 $23K -230 -1.3%
23 DG 1.28% 14,667 $2M $132.77 $412K -193 -1.3%
24 SCHW 1.25% 19,038 $2M $99.91 $36K -508 -2.6%
25 AMZN 1.07% 7,055 $2M $230.82 $82K +14 +0.2%
26 KO 1.02% 22,203 $2M $69.91 $28K -778 -3.4%
27 ABBV 0.94% 6,229 $1M $228.49 -$19K
28 VGK 0.89% 16,234 $1M $83.61 $61K -13 -0.1%
29 DVN 0.84% 34,939 $1M $36.63 $7K -1,372 -3.8%
30 SCHO 0.83% 51,780 $1M $24.37 -$42K -1,678 -3.1%
31 COP 0.78% 12,658 $1M $93.61 -$39K -281 -2.2%
32 VXUS 0.75% 15,081 $1M $75.44 $29K -14 -0.1%
33 AMGN 0.72% 3,333 $1M $327.31 $150K
34 GOOGL 0.69% 3,347 $1M $313.00 $225K -37 -1.1%
35 CVX 0.60% 5,994 $914K $152.41 -$30K -81 -1.3%
36 WMB 0.60% 15,096 $907K $60.11 -$53K -65 -0.4%
37 SSB 0.56% 9,015 $848K $94.11 -$74K -313 -3.4%
38 ITW 0.49% 3,015 $743K $246.30 -$44K
39 FFIN 0.49% 24,806 $741K $29.87 -$102K -248 -1.0%
40 WTM 0.45% 325 $675K $2,078.03 $132K
41 ADP 0.35% 2,045 $526K $257.23 -$79K -18 -0.9%
42 CSCO 0.34% 6,725 $518K $77.03 $62K +57 +0.8%
43 RTX 0.33% 2,713 $498K $183.40 $44K
44 LMT 0.27% 840 $406K $483.67 -$30K -33 -3.8%
45 APH 0.26% 2,935 $397K $135.14 $31K -20 -0.7%
46 PSX 0.26% 3,011 $389K $129.04 -$21K
47 VTI 0.21% 933 $313K $335.27 -$39K -140 -13.1%
48 O 0.20% 5,493 $310K $56.37 -$8K +265 +5.1%
49 UL 0.19% 4,460 $292K $65.40 -$5K -540 -10.8%
50 PFE 0.19% 11,314 $282K $24.90 -$7K
51 JPM 0.18% 865 $279K $322.22 $8K +7 +0.8%
52 GLD 0.16% 600 $238K $396.31 $32K +20 +3.5%
53 BN 0.15% 4,813 $221K $45.89 $659 +1,602 +49.9%
54 META 0.13% 310 $205K $660.09 -$21K +3 +1.0%
55 NUV 0.13% 22,000 $199K $9.06 $2K
56 BSV 0.13% 2,460 $194K $78.81 -$246
57 ATO 0.12% 1,128 $189K $167.63 -$4K
58 NSRGY 0.12% 1,781 $177K $99.35 $24K +115 +6.9%
59 BBVA 0.10% 6,784 $158K $23.31 +6,784 NEW
60 CET 0.10% 3,036 $154K $50.71 -$2K
61 BP 0.10% 4,239 $147K $34.73 $66K +3,239 +323.9%
62 XEL 0.09% 1,899 $140K $73.86 -$13K
63 PG 0.09% 6,700 $134K $19.97 -$896K
64 SHY 0.09% 1,595 $132K $82.82 -$223
65 VDC 0.07% 490 $104K $211.24 -$1K
66 DKS 0.07% 507 $100K $197.97 -$12K
67 BG 0.06% 1,032 $92K $89.08 +1,032 NEW
68 VIG 0.06% 400 $88K $219.78 $2K
69 KMB 0.06% 854 $86K $100.89 -$38K -146 -14.6%
70 MCD 0.06% 275 $84K $305.63 $478
71 VOO 0.05% 133 $83K $627.13 $2K
72 UNH 0.05% 249 $82K $330.11 -$4K
73 V 0.05% 229 $80K $350.71 $3K +2 +0.9%
74 NVDA 0.05% 428 $80K $186.50 $5K +28 +7.0%
75 AKRE 0.05% 1,097 $72K $65.51 +1,097 NEW
76 ET 0.04% 4,070 $67K $16.49 -$3K
77 CP 0.04% 864 $64K $73.63 -$743
78 CVS 0.04% 800 $63K $79.36 $3K
79 LUV 0.04% 1,500 $62K $41.33 $14K
80 EPD 0.04% 1,932 $62K $32.06 $2K
81 DUK 0.04% 500 $59K $117.21 -$3K
82 MINT 0.04% 541 $54K $100.34 -$189
83 CFR 0.03% 397 $50K $126.63 -$56
84 MSI 0.03% 117 $45K $383.32 -$9K
85 MDLZ 0.03% 825 $44K $53.83 -$7K
86 VPL 0.03% 464 $42K $90.40 $1K
87 BAM 0.03% 797 $42K $52.39 -$4K
88 KMI 0.03% 1,500 $41K $27.49 -$1K
89 FDS 0.03% 140 $41K $290.19 $518
90 VEA 0.03% 646 $40K $62.47 $2K
91 IP 0.03% 1,000 $39K $39.39 -$7K
92 ADSK 0.02% 111 $33K $296.01 -$2K
93 NFLX 0.02% 340 $32K $93.76 -$9K +306 +900.0%
94 PBT 0.02% 1,850 $31K $16.96 -$2K
95 WMT 0.02% 261 $29K $111.41 $5K +27 +11.5%
96 HHH 0.02% 340 $27K $79.77 -$816
97 AVGO 0.02% 70 $24K $346.10 $1K
98 TPG 0.02% 379 $24K $63.84 $2K
99 IDXX 0.02% 35 $24K $676.54 $1K
100 MDT 0.02% 243 $23K $96.06 +243 NEW

New Positions

SymbolValue% Port
BBVA $158K 0.10%
BG $92K 0.06%
AKRE $72K 0.05%
MDT $23K 0.02%
QQQ $14K 0.01%
IGLB $12K 0.01%
TLT $10K 0.01%
EFV $9K 0.01%
JEPI $9K 0.01%
GSLC $8K 0.01%
CEF $7K —%
IMBBY $6K —%
IEFA $6K —%
Q $5K —%
MU $5K —%

Sold Out Positions

SymbolValue% Port
HD —%
CLX —%
FWONK —%
HON —%
BRK-B —%
FBAK —%
FI —%
View SEC EDGAR Filings for Lummis Asset Management, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms