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Portfolio (Quarterly) Guide ↗

Lummis Asset Management, LP

· CIK 0002011652
13F Portfolio $167M AUM 194 positions Filed May 11, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 14 New 7 Added 34 Reduced 11 Exited
Page 3 of 10  ·  192 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 GOOGL Alphabet Inc Communication Services 3,270.0 $940K 0.56% -77.0 -2.3% $287.56 +34.7%
42 SSB South St Corp Financial Services 8,326.0 $785K 0.47% -689.0 -7.6% $94.25 +1.0%
43 ITW Illinois Tool Works Inc Industrials 3,015.0 $780K 0.47% $258.78 -3.2%
44 FFIN First Financial Bancshares, In Financial Services 24,673.0 $762K 0.46% -133.0 -0.5% $30.87 +5.3%
45 WTM WHITE MOUNTAINS INSURANCE GROUP LTD Financial Services 325.0 $725K 0.43% $2231.99 -3.7%
46 CSCO Cisco Systems Inc Technology 6,725.0 $615K 0.37% $91.38 +28.7%
47 PSX Phillips 66 Energy 3,011.0 $540K 0.32% $179.30 -2.2%
48 RTX Raytheon Technologies Co Industrials 2,713.0 $479K 0.29% $176.64 +1.0%
49 LMT Lockheed Martin Corp Industrials 840.0 $455K 0.27% $541.53 -1.6%
50 ADP Automatic Data Processing Corp Industrials 2,030.0 $426K 0.26% -15.0 -0.7% $209.83 +4.5%
51 APH Amphenol Corp. Technology 2,887.0 $365K 0.22% -48.0 -1.6% $126.35 +10.5%
52 O Realty Incm Corp Real Estate 5,184.0 $322K 0.19% -309.0 -5.6% $62.02 +0.6%
53 PFE PFIZER INC Healthcare 11,314.0 $302K 0.18% $26.70 -3.6%
54 VTI Vanguard Total Stock 933.0 $299K 0.18% $320.81 +15.0%
55 UL Unilever PLC Consumer Defensive 4,460.0 $263K 0.16% $58.97 -3.5%
56 GLD SPDR Gold Trust Financial Services 600.0 $258K 0.15% $430.29 -3.9%
57 JPM J.P. Morgan Chase & Co. Financial Services 865.0 $254K 0.15% $294.16 +3.9%
58 ATO Atmos Energy Corp Utilities 1,128.0 $208K 0.12% $184.72 -3.6%
59 BP BP PLC SPONSORED ADR Energy 4,239.0 $201K 0.12% $47.38 -10.2%
60 NUV Nuveen Mun Value Fd Inc Financial Services 22,000.0 $198K 0.12% $8.99 +0.4%
Page 3 of 10  ·  192 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Energy 24.5%
Technology 21.8%
Financial Services 10.4%
Healthcare 10.0%
Consumer Cyclical 8.4%
Communication Services 7.8%
Industrials 6.7%
Consumer Defensive 5.2%
Real Estate 4.8%
Utilities 0.3%