LA

Lummis Asset Management, LP

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$167.3M

Reporting period: 2026-03-31 · Number of holdings: 194

Lummis Asset Management, LP disclosed 194 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $167.3M and a quarterly turnover rate of 18.7%.

Personality snowflake

Concentration
17.59
Portfolio Stability
18.7
Momentum/Contrarian
100
Sector conviction
41.8
Diversification
100
Sizing Uniformity
72.65

Recent moves

  • Add MTDR

    -1.1%　$6.8M

  • Trim MSFT

    -2.8%　-$3.4M

  • Trim ORCL

    -5.9%　-$1.6M

  • Trim AAPL

    -3.8%　-$1.1M

  • Add VPL

    +2973.3%　$1.4M

  • Add EQIX

    0.0%　$1.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 192 holdings (of 194 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1MTDRMatador Resources CoStock-Energy12.58%+3.80%-1.08%
2AAPLApple INCStock-Tech8.21%-0.91%-3.80%
3MSFTMicrosoft CORPStock-Tech7.44%-2.32%-2.82%
4GOOGAlphabet Inc-cl CStock-Comm Services6.13%-0.22%-3.77%
5BRK-BBerkshire Hathaway Inc.Stock-Other4.47%-0.50%-2.33%
6BSMBlack Stone Minerals LPStock-Other2.94%+0.17%+0.23%
7GDGeneral Dynamics CORPStock-Industrials2.93%-0.14%-3.98%
8ROSTRoss Stores INCStock-Consumer Disc2.72%+0.31%-5.00%
9ORCLOracle CORPStock-Tech2.67%-1.08%-5.93%
10GSGoldman Sachs Group INCStock-Financials2.56%-0.26%-27.98%
11TFPMTriple Flag Precious MetStock-Materials2.53%-0.15%-5.14%
12EQIXEquinix INCStock-Real Estate2.41%+0.66%—
13GOLFAcushnet Holdings CORPStock-Other2.24%+0.13%+823.95%
14XOMExxon Mobil CORPStock-Energy1.96%+0.38%-3.24%
15TMOThermo Fisher Scientific INCStock-Healthcare1.85%-0.47%-2.12%
16AIGAmerican International GroupStock-Financials1.83%-0.38%-3.03%
17JNJJohnson & JohnsonStock-Healthcare1.82%+0.12%-3.74%
18ABTAbbott LaboratoriesStock-Healthcare1.71%-0.66%-3.96%
19AMRZAmrize LtdStock-Materials1.63%-0.08%-4.49%
20PEPPepsico INCStock-Consumer Staples1.61%+0.04%-3.54%
21AMTAmerican Tower CORPStock-Real Estate1.57%——
22LLYEli Lilly & CoStock-Healthcare1.49%-0.28%—
23WFCWells Fargo & CoStock-Financials1.49%-0.38%-4.48%
24AYIAcuity INCStock-Industrials1.48%-0.56%-4.85%
25DORMDorman Products INCStock-Consumer Disc1.26%+1.26%NEW
26DVNDevon Energy CORPStock-Energy1.12%+0.33%+6.31%
27SCHWSchwab (charles) CORPStock-Financials1.01%-0.16%-4.23%
28DGDollar General CORPStock-Consumer Staples0.98%-0.22%-5.01%
29COPConocophillipsStock-Energy0.96%+0.23%-0.99%
30KOCoca-cola Co/theStock-Consumer Staples0.95%—-7.00%
31AMZNAmazon.com INCStock-Consumer Disc0.95%——
32VPLVanguard Ftse Pacific ETFETF-Other0.84%+0.81%+2973.28%
33VGKVanguard Ftse Europe ETFETF-Other0.81%—+1.66%
34ABBVAbbvie INCStock-Healthcare0.79%-0.09%—
35VXUSVanguard Total Intl StockETF-Other0.78%+0.08%+12.11%
36AMGNAmgen INCStock-Healthcare0.71%+0.04%+3.00%
37CVXChevron CORPStock-Energy0.69%+0.13%—
38SCHOSchwab Short-term US TreasETF-Other0.68%-0.10%-9.53%
39WMBWilliams Cos INCStock-Energy0.61%+0.05%-7.14%
40PGProcter & Gamble Co/theStock-Consumer Staples0.59%+0.51%—
41GOOGLAlphabet Inc-cl AStock-Comm Services0.56%-0.08%-2.30%
42SSBUSDSouthstate Bank CORPStock-Other0.47%-0.05%-7.64%
43ITWIllinois Tool WorksStock-Industrials0.47%——
44FFINFirst Finl Bankshares INCStock-Financials0.46%—-0.54%
45WTMWhite Mountains Insurance Group, Ltd.Stock-Financials0.43%+0.01%—
46CSCOCisco Systems INCStock-Tech0.37%+0.05%—
47PSXPhillips 66Stock-Energy0.32%+0.08%—
48RTXRtx CORPStock-Industrials0.29%——
49LMTLockheed Martin CORPStock-Industrials0.27%+0.02%—
50ADPAutomatic Data ProcessingStock-Tech0.25%-0.07%-0.73%
1–50 of 192

Holding changes this quarter

Lummis Asset Management, LP's most significant position changes for 2026-03-31: New buy: Dorman Products INC (DORM); New buy: Clorox Company (CLX); New buy: First National Bank Alaska (FBAK); New buy: Bunge Global SA (BG); Sold out: Bunge Global SA (BG).

Position changes disclosed by Lummis Asset Management, LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1MTDRMatador Resources Co+3.8%-1.08%Trim
2VPLVanguard Ftse Pacific ETF+0.8%+2973.28%Add
3EQIXEquinix INC+0.7%—Unchanged
4PGProcter & Gamble Co/the+0.5%—Unchanged
5XOMExxon Mobil CORP+0.4%-3.24%Trim
6DVNDevon Energy CORP+0.3%+6.31%Add
7ROSTRoss Stores INC+0.3%-5.00%Trim
8COPConocophillips+0.2%-0.99%Trim
9BSMBlack Stone Minerals LP+0.2%+0.23%Add
10GOLFAcushnet Holdings CORP+0.1%+823.95%Add
11CVXChevron CORP+0.1%—Unchanged
12JNJJohnson & Johnson+0.1%-3.74%Trim
13VXUSVanguard Total Intl Stock+0.1%+12.11%Add
14PSXPhillips 66+0.1%—Unchanged
15WMBWilliams Cos INC+0.1%-7.14%Trim
16CSCOCisco Systems INC+0.1%—Unchanged
17PEPPepsico INC0%-3.54%Trim
18AMGNAmgen INC0%+3.00%Add
19BPBp Plc-spons Adr0%—Unchanged
20LMTLockheed Martin CORP0%—Unchanged
21WTMWhite Mountains Insurance Group, Ltd.0%—Unchanged
22ETEnergy Transfer LP0%-76.17%Trim
23SSBUSDSouthstate Bank CORP-0.1%-7.64%Trim
24ADPAutomatic Data Processing-0.1%-0.73%Trim
25GOOGLAlphabet Inc-cl A-0.1%-2.30%Trim
26AMRZAmrize Ltd-0.1%-4.49%Trim
27ABBVAbbvie INC-0.1%—Unchanged
28SCHOSchwab Short-term US Treas-0.1%-9.53%Trim
29GDGeneral Dynamics CORP-0.1%-3.98%Trim
30TFPMTriple Flag Precious Met-0.2%-5.14%Trim
31SCHWSchwab (charles) CORP-0.2%-4.23%Trim
32DGDollar General CORP-0.2%-5.01%Trim
33GOOGAlphabet Inc-cl C-0.2%-3.77%Trim
34GSGoldman Sachs Group INC-0.3%-27.98%Trim
35LLYEli Lilly & Co-0.3%—Unchanged
36WFCWells Fargo & Co-0.4%-4.48%Trim
37AIGAmerican International Group-0.4%-3.03%Trim
38TMOThermo Fisher Scientific INC-0.5%-2.12%Trim
39BRK-BBerkshire Hathaway Inc.-0.5%-2.33%Trim
40AYIAcuity INC-0.6%-4.85%Trim
41ABTAbbott Laboratories-0.7%-3.96%Trim
42AAPLApple INC-0.9%-3.80%Trim
43ORCLOracle CORP-1.1%-5.93%Trim
44MSFTMicrosoft CORP-2.3%-2.82%Trim
45DORMDorman Products INC—NEWNew buy
46CLXClorox Company—NEWNew buy
47FBAKFirst National Bank Alaska—NEWNew buy
48BGBunge Global SA—NEWNew buy
49BGBunge Global SA—EXITSold out
50EPDEnterprise Products Partners—EXITSold out

FAQ

What is Lummis Asset Management, LP and what type of investor is it?
Lummis Asset Management, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $167.3M, spread across 194 disclosed positions.
What are Lummis Asset Management, LP's largest equity positions?
Based on the latest 13F filing, Lummis Asset Management, LP's top holdings by market value are: 1. Matador Resources Co (MTDR) — $21.1M (12.6%) 2. Apple INC (AAPL) — $13.7M (8.2%) 3. Microsoft CORP (MSFT) — $12.5M (7.4%) 4. Alphabet Inc-cl C (GOOG) — $10.2M (6.1%) 5. Berkshire Hathaway Inc. (BRK-B) — $7.5M (4.5%)
What changes did Lummis Asset Management, LP make in its most recent portfolio filing?
In the latest reported quarter, Lummis Asset Management, LP made 40 notable position adjustments: 4 new positions were initiated, 6 existing holdings were added to, 28 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Dorman Products INC (DORM); New buy: Clorox Company (CLX); New buy: First National Bank Alaska (FBAK); New buy: Bunge Global SA (BG); Sold out: Bunge Global SA (BG)
What sectors does Lummis Asset Management, LP focus on?
Lummis Asset Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 22.6% • Energy: 21.6% • Health Care: 10.2% • Financials: 9.7% • Communication Services: 8.0% • Industrials: 6.5%