Lummis Asset Management, LP

CIK

2011652

Location

FORT WORTH, TX

Portfolio Value

Small $173,186,204

Diversification

Diversified

Filing Date

Global Rank

#4,197 / 8,232 ▲ 733

Top Industry

Leisure 21.4%

3Y Alpha vs SPY

-5.9%

Period ended 2 months ago

Filed May 11, 2026 · 33d

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jun 2026 · vs SPY

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

Cloned portfolio

+36.0%

SPY

+52.9%

Annualised alpha

-5.9%

Max drawdown

−19.7%

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

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

Top Position

21.4%

+10.0 pts

Top 5

51.1%

+10.1 pts

Top 10

63.9%

+7.3 pts

HHI

798

Diversified+293

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	26.2%	$45,312,006	10
Energy	21.0%	$36,370,556	15
Technology	17.9%	$31,012,197	18
Healthcare	8.6%	$14,893,193	19
Financial Services	7.6%	$13,245,825	19
Industrials	5.4%	$9,313,268	14
Consumer Defensive	4.3%	$7,420,336	14
Basic Materials	4.1%	$7,141,310	7
Real Estate	3.8%	$6,587,587	6
Communication Services	0.7%	$1,150,596	4
Utilities	0.3%	$462,090	6
Unclassified	0.2%	$277,240	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
GOLF	Acushnet Holdings Corp.	+353,738	396,670	$37,080,711
DVN	Devon Energy Corp/De	+2,203	37,142	$1,868,985
BSM	Black Stone Minerals, L.P.	+800	343,843	$5,198,906
AMGN	Amgen Inc	+100	3,433	$1,207,901
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TFPM	Triple Flag Precious Metals Corp.	−6,755	124,666	$4,327,156
MTDR	Matador Resources Co	−3,638	332,594	$21,013,288
ET	Energy Transfer LP	−3,100	970	$18,721
AMRZ	Amrize Ltd	−2,313	49,177	$2,754,895
AAPL	Apple Inc.	−2,072	52,497	$13,323,213
GS	Goldman Sachs Group Inc	−1,906	4,906	$4,150,426
ORCL	Oracle Corp	−1,857	29,461	$4,334,007
KO	Coca Cola Co	−1,554	20,649	$1,570,356
WFC	Wells Fargo & Company/Mn	−1,461	31,122	$2,477,622
AIG	American International Group, Inc.	−1,269	40,671	$3,060,492
ABT	Abbott Laboratories	−1,215	29,488	$3,027,532
ROST	Ross Stores, Inc.	−1,087	20,651	$4,473,626
WMB	Williams Companies, Inc.	−1,078	14,018	$1,020,230
MSFT	Microsoft Corp	−924	31,890	$11,804,721
SCHW	Schwab Charles Corp	−806	18,232	$1,713,442
DG	Dollar General Corp	−735	13,932	$1,654,146
XOM	Exxon Mobil Corp	−691	20,627	$3,499,576
PEP	Pepsico Inc	−631	17,192	$2,669,745
GD	General Dynamics Corp	−591	14,255	$4,892,601
JNJ	Johnson & Johnson	−500	12,873	$3,146,676
AYI	Acuity Inc. (De)	−447	8,766	$2,456,408
O	Realty Income Corp	−309	5,184	$317,157
TMO	Thermo Fisher Scientific Inc.	−138	6,370	$3,131,046
FFIN	First Financial Bankshares Inc	−133	24,673	$726,619
COP	Conocophillips	−125	12,533	$1,654,356
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
DORM	Dorman Products, Inc.	19,618	$2,047,334
CLX	Clorox Co /De/	1,974	$204,565
BG	Bunge Global SA	1,032	$131,270
EXEL	Exelixis, Inc.	1,000	$42,890
LHX	L3harris Technologies, Inc. /De/	100	$34,515
MSEX	Middlesex Water Co	550	$28,627
CAG	Conagra Brands Inc.	1,500	$23,580
SNY	Sanofi	80	$3,854
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
EPD	Enterprise Products Partners L.P.	1,932	$61,939
FDS	Factset Research Systems Inc	140	$40,626
BKNG	Booking Holdings Inc.	3	$16,065
QCOM	Qualcomm Inc/De	42	$7,184
ADBE	Adobe Inc.	9	$3,149
VLTO	Veralto Corp	19	$1,895
HIG	Hartford Insurance Group, Inc.	13	$1,791
IR	Ingersoll Rand Inc.	15	$1,188
NOC	Northrop Grumman Corp /De/	2	$1,140
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

135 positions · $173,186,204 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 135 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOLF	Acushnet Holdings Corp. Consumer Cyclical	Added	396,670	+353,738	$37,080,711	+982.1%	21.41%
MTDR	Matador Resources Co Energy	Reduced	332,594	-3,638	$21,013,288	+47.3%	12.13%
AAPL	Apple Inc. Technology	Reduced	52,497	-2,072	$13,323,213	−10.2%	7.69%
MSFT	Microsoft Corp Technology	Reduced	31,890	-924	$11,804,721	−25.6%	6.82%
BSM	Black Stone Minerals, L.P. Energy	Added	343,843	+800	$5,198,906	+14.0%	3.00%
GD	General Dynamics Corp Industrials	Reduced	14,255	-591	$4,892,601	−2.1%	2.83%
ROST	Ross Stores, Inc. Consumer Cyclical	Reduced	20,651	-1,087	$4,473,626	+14.2%	2.58%
ORCL	Oracle Corp Technology	Reduced	29,461	-1,857	$4,334,007	−29.0%	2.50%
TFPM	Triple Flag Precious Metals Corp. Basic Materials	Reduced	124,666	-6,755	$4,327,156	−0.9%	2.50%
GS	Goldman Sachs Group Inc Financial Services	Reduced	4,906	-1,906	$4,150,426	−30.7%	2.40%
EQIX	Equinix Inc Real Estate	Held	3,723	0	$3,649,433	+27.9%	2.11%
XOM	Exxon Mobil Corp Energy	Reduced	20,627	-691	$3,499,576	+36.4%	2.02%
JNJ	Johnson & Johnson Healthcare	Reduced	12,873	-500	$3,146,676	+13.7%	1.82%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	6,370	-138	$3,131,046	−17.0%	1.81%
AIG	American International Group, Inc. Financial Services	Reduced	40,671	-1,269	$3,060,492	−14.7%	1.77%
ABT	Abbott Laboratories Healthcare	Reduced	29,488	-1,215	$3,027,532	−21.3%	1.75%
AMRZ	Amrize Ltd Basic Materials	Reduced	49,177	-2,313	$2,754,895	−1.1%	1.59%
PEP	Pepsico Inc Consumer Defensive	Reduced	17,192	-631	$2,669,745	+4.4%	1.54%
AMT	American Tower Corp /Ma/ Real Estate	Held	15,032	0	$2,594,222	−1.7%	1.50%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	31,122	-1,461	$2,477,622	−18.4%	1.43%
LLY	ELI LILLY & Co Healthcare	Held	2,674	0	$2,459,464	−14.4%	1.42%
AYI	Acuity Inc. (De) Industrials	Reduced	8,766	-447	$2,456,408	−25.9%	1.42%
DORM	Dorman Products, Inc. Consumer Cyclical	NEW	19,618	NEW	$2,047,334	NEW	1.18%
DVN	Devon Energy Corp/De Energy	Added	37,142	+2,203	$1,868,985	+46.0%	1.08%
SCHW	Schwab Charles Corp Financial Services	Reduced	18,232	-806	$1,713,442	−9.9%	0.99%
COP	Conocophillips Energy	Reduced	12,533	-125	$1,654,356	+39.6%	0.96%
DG	Dollar General Corp Consumer Defensive	Reduced	13,932	-735	$1,654,146	−15.1%	0.96%
KO	Coca Cola Co Consumer Defensive	Reduced	20,649	-1,554	$1,570,356	+1.2%	0.91%
AMZN	Amazon Com Inc Consumer Cyclical	Held	7,055	0	$1,469,344	−9.8%	0.85%
ABBV	AbbVie Inc. Healthcare	Held	6,229	0	$1,354,745	−4.8%	0.78%
CVX	Chevron Corp Energy	Held	5,994	0	$1,240,158	+35.8%	0.72%
AMGN	Amgen Inc Healthcare	Added	3,433	+100	$1,207,901	+10.7%	0.70%
WMB	Williams Companies, Inc. Energy	Reduced	14,018	-1,078	$1,020,230	+12.4%	0.59%
PG	PROCTER & GAMBLE Co Consumer Defensive	Held	6,700	0	$967,748	+0.8%	0.56%
GOOGL	Alphabet Inc. Communication Services	Reduced	3,270	-77	$940,321	−10.2%	0.54%
ITW	Illinois Tool Works Inc Industrials	Held	3,015	0	$784,774	+5.7%	0.45%
FFIN	First Financial Bankshares Inc Financial Services	Reduced	24,673	-133	$726,619	−1.9%	0.42%
PSX	Phillips 66 Energy	Held	3,011	0	$548,543	+41.2%	0.32%
RTX	RTX Corp Industrials	Held	2,713	0	$523,336	+5.2%	0.30%
CSCO	Cisco Systems, Inc. Technology	Held	6,725	0	$521,792	+0.7%	0.30%
LMT	Lockheed Martin Corp Industrials	Held	840	0	$507,687	+25.0%	0.29%
ADP	Automatic Data Processing Inc Technology	Reduced	2,030	-15	$412,455	−21.6%	0.24%
APH	Amphenol Corp /De/ Technology	Reduced	2,887	-48	$364,772	−8.0%	0.21%
PFE	Pfizer Inc Healthcare	Held	11,314	0	$317,697	+12.8%	0.18%
O	Realty Income Corp Real Estate	Reduced	5,184	-309	$317,157	+2.4%	0.18%
GLD	Spdr Gold Trust	Held	600	0	$258,174	+8.6%	0.15%
JPM	Jpmorgan Chase & Co Financial Services	Held	865	0	$254,448	−8.7%	0.15%
ATO	Atmos Energy Corp Utilities	Held	1,128	0	$208,364	+10.2%	0.12%
CLX	Clorox Co /De/ Consumer Defensive	NEW	1,974	NEW	$204,565	NEW	0.12%
BP	Bp PLC Energy	Held	4,239	0	$199,233	+35.3%	0.12%