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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 5 of 10  ·  192 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 UNH Unitedhealth Group Healthcare 249.0 $67K 0.04% $270.59 +39.3%
82 CVS CVS HEALTH CORPORATION Healthcare 800.0 $67K 0.04% $83.29 +8.9%
83 DUK Duke Energy Corporation Utilities 500.0 $65K 0.04% $130.94 -4.6%
84 AKRE Professionally Managed 1,097.0 $58K 0.04% $52.85 +2.4%
85 LUV Southwest Airlines Co Industrials 1,500.0 $56K 0.03% $37.57 +12.5%
86 CFR Cullen Frost Bankers Financial Services 397.0 $54K 0.03% $137.08 +1.8%
87 MINT Pimco Exch Traded Fund 541.0 $54K 0.03% $100.57 +0.1%
88 MSI Motorola Solutions Technology 117.0 $51K 0.03% $433.97 -5.4%
89 KMI KINDER MORGAN INC Energy 1,500.0 $49K 0.03% $32.87 +0.0%
90 MDLZ Mondelez Intl Consumer Defensive 825.0 $48K 0.03% $57.64 +6.2%
91 EXEL Exelixis Inc Healthcare 1,000.0 $43K 0.03% NEW $42.89 +16.5%
92 VEA Vanguard Ftse Developed 646.0 $41K 0.03% $64.08 +12.0%
93 PBT Permian Basin Royalty Tr Energy 1,850.0 $40K 0.02% $21.52 +39.3%
94 VRT Vertiv Hldg Co Industrials 142.0 $36K 0.02% $250.58 +29.3%
95 BAM Brookfield Asset Mgm Financial Services 797.0 $35K 0.02% $44.45 +10.7%
96 LHX L3harris Technologies In Industrials 100.0 $35K 0.02% NEW $345.15 -9.2%
97 WMT Wal Mart Stores Inc. Consumer Defensive 261.0 $32K 0.02% $124.28 -3.2%
98 NFLX NETFLIX INC Communication Services 340.0 $32K 0.02% $93.61 -6.3%
99 IP INTERNATIONAL PAPER CO Consumer Cyclical 1,000.0 $30K 0.02% $30.42 +5.1%
100 MSEX MIDDLESEX WTR CO COM Utilities 550.0 $28K 0.02% NEW $50.88 +2.4%
Page 5 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%