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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 9 of 10  ·  192 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
161 General Electric Co. 12.0 $3K 0.00% $283.75
162 IJR Ishares Tr S&P Smallcap 27.0 $3K 0.00% $124.30 +12.3%
163 JEPQ J P Morgan Nasdaq Eqt 60.0 $3K 0.00% $55.52 +9.2%
164 Frontera Energy Corpor 328.0 $3K 0.00% $9.68
165 MDU Mdu Res Group Inc Industrials 150.0 $3K 0.00% $20.72 +7.5%
166 BSCT Invsc Bltshrs 2029 Corp 162.0 $3K 0.00% $18.66 -0.4%
167 CRM Salesforce Com Technology 16.0 $3K 0.00% $186.69 -4.1%
168 IGSB Ishares Tr Is 1-5 Yr In 55.0 $3K 0.00% $52.56 -0.3%
169 PSCI Invsc S&P Small Indus 17.0 $3K 0.00% $154.65 +10.8%
170 GEV Ge Vernova Inc Utilities 3.0 $3K 0.00% $873.00 +22.6%
171 NVS Novartis Ag Healthcare 16.0 $2K 0.00% $152.75 -1.3%
172 Intrcontinentalexchange 15.0 $2K 0.00% NEW $157.27
173 Tencent Holdings 36.0 $2K 0.00% $63.22
174 URI United Rentals Inc Industrials 3.0 $2K 0.00% $728.67 +32.1%
175 Holcim Ltd New 132.0 $2K 0.00% $16.51
176 AMAT Applied Materials, Inc. Technology 6.0 $2K 0.00% $341.83 +33.1%
177 MA Mastercard Inc Financial Services 4.0 $2K 0.00% $499.75 -1.3%
178 UAL United Airlines Hldgs Industrials 21.0 $2K 0.00% $92.05 +15.1%
179 Hartford Financial Services Gr 13.0 $2K 0.00% NEW $135.23
180 EUFN Ishares Msci Europe 50.0 $2K 0.00% $34.86 +11.6%
Page 9 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%