FULTON BREAKEFIELD BROENNIMAN LLC

CIK

1119254

Location

Bethesda, MD

Portfolio Value

Mid $1,050,533,106

Diversification

Diversified

Filing Date

Global Rank

#1,704 / 8,603 ▲ 47 · as of Mar 2026

Top Industry

Insurance - Diversified 12.9%

3Y Alpha vs SPY

-3.9%

Period ended 3 months ago

Filed Apr 27, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+59.2%

SPY

+76.0%

Annualised alpha

-4.0%

Max drawdown

−16.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

129 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

12.2%

+3.5 pts

Top 5

37.0%

+0.5 pts

Top 10

54.3%

+0.3 pts

HHI

430

Diversified+31

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.4%	$297,944,045	26
Financial Services	22.1%	$232,599,553	21
Consumer Cyclical	11.4%	$119,978,254	11
Communication Services	8.9%	$93,773,578	8
Healthcare	8.9%	$93,028,869	14
Industrials	7.8%	$81,543,704	19
Unclassified	5.4%	$56,254,679	6
Utilities	2.2%	$23,584,351	7
Basic Materials	2.2%	$22,681,091	2
Energy	1.9%	$19,446,163	3
Consumer Defensive	0.9%	$9,248,979	10
Real Estate	0.0%	$449,840	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
GLDM	World Gold Trust	+214,817	340,943	$31,602,006
BRK-B	Berkshire Hathaway Inc	+179,302	267,061	$127,975,631
AVGO	Broadcom Inc.	+48,884	56,941	$17,623,808
NVDA	Nvidia Corp	+13,823	260,419	$45,417,073
META	Meta Platforms, Inc.	+10,447	11,917	$6,818,073
NFLX	Netflix Inc	+2,503	166,419	$16,001,186
D	Dominion Energy, Inc	+2,266	6,253	$386,560
CSCO	Cisco Systems, Inc.	+1,732	9,638	$747,812
QCOM	Qualcomm Inc/De	+1,704	3,404	$438,367
MRK	Merck & Co., Inc.	+1,530	9,040	$1,087,421
KO	Coca Cola Co	+1,300	12,511	$951,461
QQQ	Invesco Qqq Trust, Series 1	+1,279	14,198	$8,194,801
SHOP	Shopify Inc.	+975	7,736	$917,644
VZ	Verizon Communications Inc	+785	5,881	$295,226
DIS	Walt Disney Co	+596	5,361	$516,693
PG	PROCTER & GAMBLE Co	+535	8,840	$1,276,849
ABT	Abbott Laboratories	+367	6,178	$634,295
ITW	Illinois Tool Works Inc	+366	8,150	$2,121,363
HD	Home Depot, Inc.	+251	2,883	$948,189
DDOG	Datadog, Inc.	+235	3,310	$390,745
JPM	Jpmorgan Chase & Co	+220	58,942	$17,338,378
HLT	Hilton Worldwide Holdings Inc.	+183	24,663	$7,499,525
IBM	International Business Machines Corp	+147	3,263	$790,918
NOW	ServiceNow, Inc.	+147	38,917	$4,068,772
PGR	Progressive Corp/Oh/	+117	109,980	$21,802,435
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
UNP	Union Pacific Corp	−56,791	4,387	$1,064,373
AMZN	Amazon Com Inc	−56,293	228,943	$47,681,958
NEE	Nextera Energy Inc	−54,750	225,967	$20,987,814
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−48,074	160,797	$54,341,346
AAPL	Apple Inc.	−39,373	299,899	$76,111,367
LOW	Lowes Companies Inc	−30,540	78,746	$18,606,104
GOOGL	Alphabet Inc.	−30,191	222,776	$64,061,466
V	Visa Inc.	−18,518	83,862	$25,346,450
CHD	Church & Dwight Co Inc /De/	−14,389	12,969	$1,210,267
APO	Apollo Global Management, Inc.	−2,818	122,236	$13,619,535
SAP	Sap SE	−2,398	31,993	$5,477,521
UNH	Unitedhealth Group Inc	−2,381	42,660	$11,543,369
DHR	Danaher Corp /De/	−2,355	45,946	$8,711,361
BAC	Bank Of America Corp /De/	−2,284	9,289	$452,838
ROP	Roper Technologies Inc	−2,096	1,388	$491,157
CRM	Salesforce, Inc.	−2,013	2,413	$450,434
PEP	Pepsico Inc	−1,692	6,703	$1,040,908
ABBV	AbbVie Inc.	−1,663	83,033	$18,058,847
HWM	Howmet Aerospace Inc.	−1,619	126,527	$29,159,412
MRSH	Marsh & Mclennan Companies, Inc.	−1,296	1,417	$245,778
SYK	Stryker Corp	−1,084	49,039	$16,113,725
PFE	Pfizer Inc	−950	7,123	$200,013
HON	Honeywell International Inc	−920	1,175	$278,537
PNC	Pnc Financial Services Group, Inc.	−786	1,500	$312,135
BA	Boeing Co	−779	1,889	$375,967
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
APD	Air Products & Chemicals, Inc.	1,043	$302,981
MPC	Marathon Petroleum Corp	1,000	$244,180
COKE	Coca-Cola Consolidated, Inc.	1,272	$243,893
T	At&T Inc.	8,174	$236,964
BSX	Boston Scientific Corp	3,603	$226,088
DTE	Dte Energy Co	1,444	$211,141
O	Realty Income Corp	3,412	$208,746
SLV	iShares Silver Trust	2,975	$202,716
FDX	Fedex Corp	696	$199,759
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
ACN	Accenture plc	5,698	$1,528,773
ADP	Automatic Data Processing Inc	4,891	$1,258,111
EXR	Extra Space Storage Inc.	7,188	$936,021
ANET	Arista Networks, Inc.	3,033	$397,413
HRB	H&R Block Inc	7,885	$343,628
NTRS	Northern Trust Corp	2,300	$314,157
NKE	NIKE, Inc.	3,975	$253,247
PANW	Palo Alto Networks Inc	1,344	$247,564
INTU	Intuit Inc.	315	$208,662
NVR	Nvr Inc	28	$204,197
ATRO	Astronics Corp	4,604	$199,298
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

129 positions · $1,050,533,106 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 129 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Added	267,061	+179,302	$127,975,631	+190.1%	12.18%
AAPL	Apple Inc. Technology	Reduced	299,899	-39,373	$76,111,367	−17.5%	7.25%
MSFT	Microsoft Corp Technology	Added	178,228	+117	$65,974,658	−23.4%	6.28%
GOOGL	Alphabet Inc. Communication Services	Reduced	222,776	-30,191	$64,061,466	−19.1%	6.10%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	160,797	-48,074	$54,341,346	−14.4%	5.17%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	228,943	-56,293	$47,681,958	−27.6%	4.54%
NVDA	Nvidia Corp Technology	Added	260,419	+13,823	$45,417,073	−1.2%	4.32%
GLDM	World Gold Trust	Added	340,943	+214,817	$31,602,006	+193.5%	3.01%
HWM	Howmet Aerospace Inc. Industrials	Reduced	126,527	-1,619	$29,159,412	+11.0%	2.78%
LLY	ELI LILLY & Co Healthcare	Reduced	30,562	-25	$28,110,010	−14.5%	2.68%
V	Visa Inc. Financial Services	Reduced	83,862	-18,518	$25,346,450	−29.4%	2.41%
LIN	Linde PLC Basic Materials	Reduced	45,139	-315	$22,378,110	+15.5%	2.13%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	139,653	-762	$22,302,584	+3.4%	2.12%
PGR	Progressive Corp/Oh/ Financial Services	Added	109,980	+117	$21,802,435	−12.9%	2.08%
NEE	Nextera Energy Inc Utilities	Reduced	225,967	-54,750	$20,987,814	−6.9%	2.00%
ASML	Asml Holding NV Technology	Reduced	14,584	-569	$19,262,984	+18.8%	1.83%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	78,746	-30,540	$18,606,104	−29.4%	1.77%
ABBV	AbbVie Inc. Healthcare	Reduced	83,033	-1,663	$18,058,847	−6.7%	1.72%
AVGO	Broadcom Inc. Technology	Added	56,941	+48,884	$17,623,808	+532.0%	1.68%
JPM	Jpmorgan Chase & Co Financial Services	Added	58,942	+220	$17,338,378	−8.4%	1.65%
SYK	Stryker Corp Healthcare	Reduced	49,039	-1,084	$16,113,725	−8.5%	1.53%
NFLX	Netflix Inc Communication Services	Added	166,419	+2,503	$16,001,186	+4.1%	1.52%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	49,257	-703	$15,308,583	+0.3%	1.46%
SPY	Spdr S&P 500 ETF Trust	Reduced	22,996	-229	$14,955,218	−5.6%	1.42%
GD	General Dynamics Corp Industrials	Added	41,538	+11	$14,256,672	+2.0%	1.36%
AXP	American Express Co Financial Services	Added	46,253	+16	$13,990,607	−18.2%	1.33%
EOG	Eog Resources Inc Energy	Reduced	96,094	-555	$13,892,309	+36.9%	1.32%
APO	Apollo Global Management, Inc. Financial Services	Reduced	122,236	-2,818	$13,619,535	−24.8%	1.30%
UNH	Unitedhealth Group Inc Healthcare	Reduced	42,660	-2,381	$11,543,369	−22.4%	1.10%
WCN	Waste Connections, Inc. Industrials	Reduced	58,649	-680	$9,526,943	−8.4%	0.91%
SPGI	S&P Global Inc. Financial Services	Reduced	21,786	-703	$8,766,751	−21.2%	0.83%
DHR	Danaher Corp /De/ Healthcare	Reduced	45,946	-2,355	$8,711,361	−21.2%	0.83%
VRT	Vertiv Holdings Co Industrials	Reduced	33,727	-318	$8,451,311	+53.2%	0.80%
QQQ	Invesco Qqq Trust, Series 1	Added	14,198	+1,279	$8,194,801	+3.3%	0.78%
GWW	W.W. Grainger, Inc. Industrials	Added	7,431	+13	$8,105,809	+8.3%	0.77%
HLT	Hilton Worldwide Holdings Inc. Consumer Cyclical	Added	24,663	+183	$7,499,525	+6.7%	0.71%
META	Meta Platforms, Inc. Communication Services	Added	11,917	+10,447	$6,818,073	+602.7%	0.65%
SAP	Sap SE Technology	Reduced	31,993	-2,398	$5,477,521	−34.4%	0.52%
SPOT	Spotify Technology S.A. Communication Services	Reduced	11,265	-551	$5,462,511	−20.4%	0.52%
CVX	Chevron Corp Energy	Reduced	25,663	-246	$5,309,674	+34.5%	0.51%
JNJ	Johnson & Johnson Healthcare	Added	20,721	+21	$5,065,041	+18.2%	0.48%
TSLA	Tesla, Inc. Consumer Cyclical	Added	12,424	+10	$4,618,622	−17.3%	0.44%
NOW	ServiceNow, Inc. Technology	Added	38,917	+147	$4,068,772	−31.5%	0.39%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	2,674	-196	$2,664,453	+7.7%	0.25%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Reduced	7,606	-114	$2,487,694	+3.9%	0.24%
ETN	Eaton Corp plc Industrials	Reduced	6,240	-195	$2,231,860	+8.9%	0.21%
ITW	Illinois Tool Works Inc Industrials	Added	8,150	+366	$2,121,363	+10.6%	0.20%
AMGN	Amgen Inc Healthcare	Reduced	5,785	-97	$2,035,452	+5.7%	0.19%
TXN	Texas Instruments Inc Technology	Reduced	8,421	-70	$1,634,852	+11.0%	0.16%
RTX	RTX Corp Industrials	Added	6,731	+84	$1,298,409	+6.5%	0.12%