Lummis Asset Management, LP

CIK

2011652

Location

FORT WORTH, TX

Portfolio Value

Small $173,900,216

Diversification

Diversified

Filing Date

Global Rank

#4,522 / 8,588 ▲ 625

Top Industry

Leisure 21.4%

3Y Alpha vs SPY

-6.6%

Period ended 3 months ago

Filed May 11, 2026 · 37d

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

+35.7%

SPY

+54.6%

Annualised alpha

-6.6%

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

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

Top Position

21.3%

+10.0 pts

Top 5

50.8%

+10.1 pts

Top 10

63.6%

+7.3 pts

HHI

792

Diversified+291

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	26.1%	$45,312,006	10
Energy	20.9%	$36,370,556	15
Technology	17.8%	$31,012,197	18
Healthcare	8.6%	$14,893,193	19
Financial Services	8.0%	$13,959,837	20
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

136 positions · $173,900,216 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 51–100 of 136 positions by value · page 2 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LW	Lamb Weston Holdings, Inc. Consumer Defensive	Held	500	0	$21,130	+0.9%	0.01%
HHH	Howard Hughes Holdings Inc. Real Estate	Held	340	0	$21,508	−20.7%	0.01%
AVGO	Broadcom Inc. Technology	Held	70	0	$21,665	−10.6%	0.01%
CAG	Conagra Brands Inc. Consumer Defensive	NEW	1,500	NEW	$23,580	NEW	0.01%
LYB	LyondellBasell Industries N.V. Basic Materials	Held	300	0	$24,168	+86.1%	0.01%
TXN	Texas Instruments Inc Technology	Held	127	0	$24,655	+11.9%	0.01%
DOW	Dow Inc. Basic Materials	Held	633	0	$26,364	+78.1%	0.02%
MSEX	Middlesex Water Co Utilities	NEW	550	NEW	$28,627	NEW	0.02%
WMT	Walmart Inc. Consumer Defensive	Held	261	0	$32,437	+11.6%	0.02%
NFLX	Netflix Inc Communication Services	Held	340	0	$32,691	+2.6%	0.02%
LHX	L3harris Technologies, Inc. /De/ Industrials	NEW	100	NEW	$34,515	NEW	0.02%
VRT	Vertiv Holdings Co Industrials	Held	142	0	$35,582	+54.7%	0.02%
IP	International Paper Co /New/ Consumer Cyclical	Held	1,000	0	$35,700	−9.4%	0.02%
PBT	Permian Basin Royalty Trust Energy	Held	1,850	0	$39,812	+26.7%	0.02%
EXEL	Exelixis, Inc. Healthcare	NEW	1,000	NEW	$42,890	NEW	0.02%
MDLZ	Mondelez International, Inc. Consumer Defensive	Held	825	0	$47,553	+7.1%	0.03%
KMI	Kinder Morgan, Inc. Energy	Held	1,500	0	$50,295	+22.0%	0.03%
MSI	Motorola Solutions, Inc. Technology	Held	117	0	$50,774	+13.2%	0.03%
CFR	Cullen/Frost Bankers, Inc. Financial Services	Held	397	0	$54,420	+8.3%	0.03%
LUV	Southwest Airlines Co Industrials	Held	1,500	0	$56,355	−9.1%	0.03%
CVS	CVS HEALTH Corp Healthcare	Held	800	0	$57,456	−9.5%	0.03%
DUK	Duke Energy CORP Utilities	Held	500	0	$65,470	+11.7%	0.04%
UNH	Unitedhealth Group Inc Healthcare	Held	249	0	$67,376	−18.0%	0.04%
V	Visa Inc. Financial Services	Held	229	0	$69,212	−13.8%	0.04%
NVDA	Nvidia Corp Technology	Held	428	0	$74,643	−6.5%	0.04%
KMB	Kimberly Clark Corp Consumer Defensive	Held	854	0	$82,385	−4.4%	0.05%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	268	-7	$83,291	−0.9%	0.05%
DKS	Dick's Sporting Goods, Inc. Consumer Cyclical	Held	507	0	$100,533	+0.2%	0.06%
BG	Bunge Global SA Consumer Defensive	NEW	1,032	NEW	$131,270	NEW	0.08%
BBVA	Banco Bilbao Vizcaya Argentaria, S.A. Financial Services	Held	6,784	0	$146,941	−7.1%	0.08%
CET	Central Securities Corp Financial Services	Held	3,036	0	$150,767	−2.1%	0.09%
XEL	Xcel Energy Inc Utilities	Held	1,899	0	$150,856	+7.6%	0.09%
META	Meta Platforms, Inc. Communication Services	Held	310	0	$177,360	−13.3%	0.10%
BN	BROOKFIELD Corp /ON/ Financial Services	Held	4,813	0	$194,782	−11.8%	0.11%
NUV	Nuveen Municipal Value Fund Inc Financial Services	Held	22,000	0	$197,780	−0.8%	0.11%
BP	Bp PLC Energy	Held	4,239	0	$199,233	+35.3%	0.11%
CLX	Clorox Co /De/ Consumer Defensive	NEW	1,974	NEW	$204,565	NEW	0.12%
ATO	Atmos Energy Corp Utilities	Held	1,128	0	$208,364	+10.2%	0.12%
JPM	Jpmorgan Chase & Co Financial Services	Held	865	0	$254,448	−8.7%	0.15%
GLD	Spdr Gold Trust	Held	600	0	$258,174	+8.6%	0.15%
O	Realty Income Corp Real Estate	Reduced	5,184	-309	$317,157	+2.4%	0.18%
PFE	Pfizer Inc Healthcare	Held	11,314	0	$317,697	+12.8%	0.18%
APH	Amphenol Corp /De/ Technology	Reduced	2,887	-48	$364,772	−8.0%	0.21%
ADP	Automatic Data Processing Inc Technology	Reduced	2,030	-15	$412,455	−21.6%	0.24%
LMT	Lockheed Martin Corp Industrials	Held	840	0	$507,687	+25.0%	0.29%
CSCO	Cisco Systems, Inc. Technology	Held	6,725	0	$521,792	+0.7%	0.30%
RTX	RTX Corp Industrials	Held	2,713	0	$523,336	+5.2%	0.30%
PSX	Phillips 66 Energy	Held	3,011	0	$548,543	+41.2%	0.32%
WTM	White Mountains Insurance Group Ltd Financial Services	Held	325	0	$714,012	+5.7%	0.41%
FFIN	First Financial Bankshares Inc Financial Services	Reduced	24,673	-133	$726,619	−1.9%	0.42%