Lummis Asset Management, LP

CIK

2011652

Location

FORT WORTH, TX

Portfolio Value

Micro $462,090

Diversification

Diversified

Filing Date

Global Rank

#4,522 / 8,586 ▲ 625

Top Industry

Leisure 21.4%

3Y Alpha vs SPY

-7.0%

Period ended 3 months ago

Filed May 11, 2026 · 36d

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

+35.4%

SPY

+55.8%

Annualised alpha

-7.0%

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

6 positions · $462,090 total · Utilities only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MDU	Mdu Resources Group Inc Utilities	Held	150	0	$3,108	+6.1%	0.67%
NEE	Nextera Energy Inc Utilities	Held	61	0	$5,665	+15.7%	1.23%
MSEX	Middlesex Water Co Utilities	NEW	550	NEW	$28,627	NEW	6.20%
DUK	Duke Energy CORP Utilities	Held	500	0	$65,470	+11.7%	14.17%
XEL	Xcel Energy Inc Utilities	Held	1,899	0	$150,856	+7.6%	32.65%
ATO	Atmos Energy Corp Utilities	Held	1,128	0	$208,364	+10.2%	45.09%