2026 Q2 Portfolio Activity
In 2026 Q2, Lummis Asset Management, LP maintained a portfolio of 233 distinct positions. The most significant new addition was Ab Emerging Markets, now representing 0.02% of the total fund value. They heavily accumulated shares in Amrize Ltd, increasing the position by 19.3%. The fund also reduced its exposure to Pepsico Incorporated by 43.9%.
Position History
hover any row below to update
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Total Positions
233
Quarter
2026 Q2
Top Holding
MTDR (9.7%)
Top 10 Concentration
52.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 233
Lummis Asset Management, LP Full Holdings List — 2026 Q2
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
MTDR
Matador Resourc...
|
Energy | 9.66% | 12.58% |
#1
Prev: #1
|
6.4 |
—
|
-3,825 | -1.2% |
P
S
|
328,769 | $16,156,261 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AAPL
Apple Computer ...
|
Technology | 9.53% | 8.21% |
#2
Prev: #2
|
5.8 |
—
|
-992 | -1.9% |
P
S
|
51,505 | $15,926,043 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
MSFT
Microsoft Corp
|
Technology | 7.82% | 7.44% |
#3
Prev: #3
|
4.6 |
—
|
-458 | -1.4% |
P
S
|
31,432 | $13,071,098 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
GOOG
Alphabet Inc
|
Communication Services | 6.46% | 6.13% |
#4
Prev: #4
|
3.6 |
—
|
-409 | -1.3% |
P
S
|
31,233 | $10,793,585 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
BRK.B
Berkshire Hatha...
|
Financial Services | 4.77% | 4.47% |
#5
Prev: #5
|
2.9 |
—
|
133 | 0.8% |
P
S
|
15,823 | $7,973,207 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
GD
General Dynamic...
|
Industrials | 3.06% | 2.93% |
#6
1
Prev: #7
|
1.7 |
—
|
-160 | -1.1% |
P
S
|
14,095 | $5,124,453 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
BSM
Blackstone Mine...
|
Energy | 3.04% | 2.94% |
#7
1
Prev: #6
|
2.2 |
—
|
no change | no change |
P
S
|
343,843 | $5,086,183 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
GS
Goldman Sachs G...
|
Financial Services | 2.94% | 2.56% |
#8
2
Prev: #10
|
1.7 |
—
|
-75 | -1.5% |
P
S
|
4,831 | $4,907,458 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
ROST
Ross Stores Inc
|
Consumer Cyclical | 2.72% | 2.72% |
#9
1
Prev: #8
|
1.6 |
—
|
-589 | -2.9% |
P
S
|
20,062 | $4,541,801 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
GOLF
Acushnet Holdin...
|
Consumer Cyclical | 2.62% | 2.24% |
#10
3
Prev: #13
|
1.0 |
—
|
-357,878 | -90.2% |
P
S
|
38,792 | $4,382,694 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
ORCL
Oracle Corp
|
Technology | 2.42% | 2.67% |
#11
2
Prev: #9
|
1.5 |
—
|
-680 | -2.3% |
P
S
|
28,781 | $4,050,610 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
TFPM
Triple Flag Pre...
|
Basic Materials | 2.34% | 2.53% |
#12
1
Prev: #11
|
2.9 |
—
|
6,455 | 5.2% |
P
S
|
131,121 | $3,917,140 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
EQIX
EQUINIX INC
|
Real Estate | 2.33% | 2.41% |
#13
1
Prev: #12
|
1.9 |
—
|
no change | no change |
P
S
|
3,723 | $3,899,954 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
TMO
Thermo Fisher S...
|
Healthcare | 2.04% | 1.85% |
#14
1
Prev: #15
|
1.3 |
—
|
-3 | -0.0% |
P
S
|
6,367 | $3,404,287 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
JNJ
Johnson & Johns...
|
Healthcare | 1.96% | 1.82% |
#15
2
Prev: #17
|
1.3 |
—
|
-24 | -0.2% |
P
S
|
12,849 | $3,276,994 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AYI
Acuity Brands I...
|
Industrials | 1.89% | 1.48% |
#16
8
Prev: #24
|
1.3 |
—
|
-110 | -1.3% |
P
S
|
8,656 | $3,152,826 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
LLY
Eli Lilly & Co.
|
Healthcare | 1.85% | 1.49% |
#17
5
Prev: #22
|
1.2 |
—
|
1 | 0.0% |
P
S
|
2,675 | $3,089,855 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
XOM
Exxon Mobil Cor...
|
Energy | 1.84% | 1.96% |
#18
4
Prev: #14
|
1.2 |
—
|
-143 | -0.7% |
P
S
|
20,484 | $3,082,188 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AIG
American Intern...
|
Financial Services | 1.82% | 1.83% |
#19
3
Prev: #16
|
1.2 |
—
|
-397 | -1.0% |
P
S
|
40,274 | $3,050,331 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AMRZ
Amrize Ltd
|
Basic Materials | 1.82% | 1.63% |
#20
1
Prev: #19
|
2.7 |
—
|
9,500 | 19.3% |
P
S
|
58,677 | $3,044,082 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
ABT
Abbott Labs
|
Healthcare | 1.71% | 1.71% |
#21
3
Prev: #18
|
1.2 |
—
|
-387 | -1.3% |
P
S
|
29,101 | $2,857,771 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
WFC
Wells Fargo & C...
|
Financial Services | 1.53% | 1.49% |
#22
1
Prev: #23
|
1.1 |
—
|
-334 | -1.1% |
P
S
|
30,788 | $2,561,256 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AMT
Amern Tower Cor...
|
Real Estate | 1.49% | 1.57% |
#23
2
Prev: #21
|
1.6 |
—
|
no change | no change |
P
S
|
15,032 | $2,491,672 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
SCHW
The Charles Sch...
|
Financial Services | 1.05% | 1.01% |
#24
3
Prev: #27
|
0.9 |
—
|
-300 | -1.6% |
P
S
|
17,932 | $1,751,741 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
DORM
Dorman Prods In...
|
Consumer Cyclical | 1.04% | 1.26% |
#25
Prev: #25
|
0.4 |
—
|
-6,815 | -34.7% |
P
S
|
12,803 | $1,746,969 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
KO
Coca Cola Co.
|
Consumer Defensive | 1.03% | 0.95% |
#26
4
Prev: #30
|
0.9 |
—
|
-294 | -1.4% |
P
S
|
20,355 | $1,714,241 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AMZN
Amazon Com Inc
|
Consumer Cyclical | 1.01% | 0.95% |
#27
4
Prev: #31
|
0.9 |
—
|
33 | 0.5% |
P
S
|
7,088 | $1,683,674 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
DG
Dollar General ...
|
Consumer Defensive | 0.99% | 0.98% |
#28
Prev: #28
|
0.9 |
—
|
-200 | -1.4% |
P
S
|
13,732 | $1,652,899 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
ABBV
Abbvie Inc
|
Healthcare | 0.96% | 0.79% |
#29
5
Prev: #34
|
1.4 |
—
|
no change | no change |
P
S
|
6,229 | $1,603,291 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
DVN
Devon Energy Co...
|
Energy | 0.92% | 1.12% |
#30
4
Prev: #26
|
0.4 |
—
|
-10,254 | -27.6% |
P
S
|
26,888 | $1,535,506 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
VGK
Vanguard Ftse E...
|
ETF | 0.89% | 0.81% |
#31
2
Prev: #33
|
0.9 |
—
|
235 | 1.4% |
P
S
|
16,739 | $1,483,249 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
VXUS
Vanguard Total
|
ETF | 0.87% | 0.78% |
#32
3
Prev: #35
|
0.8 |
—
|
187 | 1.1% |
P
S
|
17,095 | $1,461,070 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
COP
Conocophillips
|
Energy | 0.84% | 0.96% |
#33
4
Prev: #29
|
0.8 |
—
|
-218 | -1.7% |
P
S
|
12,315 | $1,411,512 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
AMGN
Amgen Inc.
|
Healthcare | 0.79% | 0.71% |
#34
2
Prev: #36
|
1.3 |
—
|
no change | no change |
P
S
|
3,433 | $1,328,216 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
PEP
Pepsico Incorpo...
|
Consumer Defensive | 0.78% | 1.61% |
#35
15
Prev: #20
|
0.3 |
—
|
-7,545 | -43.9% |
P
S
|
9,647 | $1,306,204 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
GOOGL
Alphabet Inc.
|
Communication Services | 0.70% | 0.56% |
#36
5
Prev: #41
|
1.3 |
—
|
no change | no change |
P
S
|
3,270 | $1,168,600 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
CVX
Chevrontexaco C...
|
Energy | 0.69% | 0.69% |
#37
Prev: #37
|
0.8 |
—
|
1 | 0.0% |
P
S
|
5,995 | $1,148,968 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
SCHO
Schwab Short Te...
|
ETF | 0.64% | 0.68% |
#38
Prev: #38
|
0.8 |
—
|
-2,699 | -5.8% |
P
S
|
44,147 | $1,065,699 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
PG
Procter & Gambl...
|
Consumer Defensive | 0.60% | 0.59% |
#39
1
Prev: #40
|
0.7 |
—
|
303 | 4.5% |
P
S
|
7,003 | $1,009,748 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
WMB
Williams Cos In...
|
Energy | 0.60% | 0.61% |
#40
1
Prev: #39
|
0.7 |
—
|
-550 | -3.9% |
P
S
|
13,468 | $998,947 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
FFIN
First Financial...
|
Financial Services | 0.51% | 0.46% |
#41
3
Prev: #44
|
0.7 |
—
|
-28 | -0.1% |
P
S
|
24,645 | $856,670 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
ITW
Illinois Tool W...
|
Industrials | 0.50% | 0.47% |
#42
1
Prev: #43
|
1.2 |
—
|
no change | no change |
P
S
|
3,015 | $841,927 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
SSB
South St Corp
|
Financial Services | 0.50% | 0.47% |
#43
1
Prev: #42
|
0.7 |
—
|
-121 | -1.5% |
P
S
|
8,205 | $834,644 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
CSCO
Cisco Systems I...
|
Technology | 0.46% | 0.37% |
#44
2
Prev: #46
|
0.7 |
—
|
17 | 0.3% |
P
S
|
6,742 | $765,910 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
WTM
WHITE MOUNTAINS...
|
Financial Services | 0.41% | 0.43% |
#45
Prev: #45
|
1.2 |
—
|
no change | no change |
P
S
|
325 | $688,548 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
PSX
Phillips
|
Energy | 0.38% | 0.32% |
#46
1
Prev: #47
|
1.2 |
—
|
no change | no change |
P
S
|
3,011 | $627,884 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
RTX
Raytheon Techno...
|
Industrials | 0.35% | 0.29% |
#47
1
Prev: #48
|
0.6 |
—
|
14 | 0.5% |
P
S
|
2,727 | $582,000 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
ADP
Automatic Data ...
|
Technology | 0.31% | 0.25% |
#48
2
Prev: #50
|
0.6 |
—
|
-11 | -0.5% |
P
S
|
2,019 | $513,591 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
APH
Amphenol Corp.
|
Technology | 0.29% | 0.22% |
#49
2
Prev: #51
|
0.6 |
—
|
-95 | -3.3% |
P
S
|
2,792 | $492,285 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 | |||
|
LMT
Lockheed Martin...
|
Industrials | 0.28% | 0.27% |
#50
1
Prev: #49
|
0.6 |
—
|
-4 | -0.5% |
P
S
|
836 | $465,410 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-03 |
Showing 1-50 of 233 holdings