Fulton Breakefield Broenniman LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 29, 2024), Fulton Breakefield Broenniman LLC reported 181 stock positions worth $1.3 billion. Its top holding was Microsoft (MSFT) at 6.1% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.9%) and Apple (AAPL, 4.5%). Compared with Q4 2023, it opened 17 new positions, sold out of 11, added to 45 and reduced 98. The biggest buy was iShares Core S&P Small-Cap E (IJR, shares +122%) and the biggest sale PNC Financial Services (PNC, shares −92%).
- Most Recent 13F
- Q2 2026
- Location
- Bethesda, MD
- CIK
- 0001119254
- Portfolio Value
- $1.3B (Q1 2024)
- SEC Filing
- 0001705819-24-000030 ↗ filed Apr 29, 2024
Holdings Value
Holdings 181 stocks · $1.3B
| MSFT Microsoft Corp. | 6.12% | 188,807 | $79.4M | Reduce -2.2% |
| IVV iShares Core S&P 500 ETF | 4.85% | 119,884 | $63.0M | Add +6.6% |
| AAPL Apple Inc. | 4.54% | 344,061 | $59.0M | Add +0.2% |
| AMZN Amazon.com Inc. | 3.79% | 272,717 | $49.2M | Add +19.2% |
| GOOGL Alphabet Inc. Class A | 3.18% | 274,030 | $41.4M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.91% | 90,013 | $37.9M | Reduce -16.8% |
| IJH iShares Core S&P Midcap ETF | 2.90% | 620,706 | $37.7M | Add +1.9% |
| IJR iShares Core S&P Small-Cap E | 2.78% | 326,683 | $36.1M | Add +121.6% |
| AGG iShares Core U.S. Aggregate | 2.76% | 366,602 | $35.9M | Add +1.7% |
| LLY Eli Lilly & Co. | 2.63% | 43,928 | $34.2M | Reduce -21.5% |
| V Visa Inc. Class A | 2.55% | 118,527 | $33.1M | Reduce -0.5% |
| UNH Unitedhealth Group Inc. | 2.42% | 63,636 | $31.5M | Reduce -1.0% |
| TSM Taiwan Semiconductor-SP ADR | 2.42% | 231,012 | $31.4M | Add +22.3% |
| PGR Progressive Corp. | 2.31% | 144,772 | $29.9M | Reduce -17.0% |
| LOW Lowe's Cos Inc. | 2.25% | 114,595 | $29.2M | Reduce -0.1% |
| DHR Danaher Corp. | 1.96% | 101,815 | $25.4M | Reduce -0.6% |
| NEE Nextera Energy Inc. | 1.88% | 382,425 | $24.4M | Add +0.7% |
| CWB SS SPDR BB Conv Sec ETF | 1.88% | 333,934 | $24.4M | Reduce -0.4% |
| LIN Linde PLC | 1.77% | 49,379 | $22.9M | Reduce -1.6% |
| ROP Roper Technologies Inc. | 1.70% | 39,335 | $22.1M | Add +1.2% |
| MCD McDonald's Corp. | 1.61% | 74,004 | $20.9M | Reduce -0.2% |
| ACN Accenture PLC Class A | 1.56% | 58,356 | $20.2M | Reduce -1.0% |
| JNJ Johnson & Johnson | 1.55% | 126,993 | $20.1M | Reduce -1.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.54% | 38,178 | $20.0M | Reduce -6.9% |
| CRM Salesforce Inc. | 1.44% | 61,930 | $18.7M | Reduce -1.3% |
| ABBV Abbvie Inc. | 1.34% | 95,753 | $17.4M | Reduce -1.3% |
| UNP Union Pacific Corp. | 1.30% | 68,409 | $16.8M | Reduce -0.3% |
| CHD Church & Dwight Co. Inc. | 1.29% | 160,429 | $16.7M | Reduce -0.9% |
| PEP Pepsico Inc. | 1.25% | 93,033 | $16.3M | Reduce -0.1% |
| PFF iShares Preferred & Income S | 1.20% | 485,134 | $15.6M | Add +3.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.15% | 147,265 | $14.9M | Reduce -0.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.13% | 135,318 | $14.7M | Reduce -11.3% |
| HWM Howmet Aerospace Inc. | 1.12% | 213,024 | $14.6M | New |
| CVX Chevron Corp. | 1.12% | 92,382 | $14.6M | Add +6.1% |
| MRSH Marsh & McLennan Cos | 1.09% | 68,939 | $14.2M | Add +3.5% |
| APO Apollo Global Management Inc. | 1.08% | 124,738 | $14.0M | New |
| ADBE Adobe Inc. | 1.07% | 27,650 | $14.0M | Add +2.2% |
| SJNK SS SPDR BB St Hi Yield ETF | 1.06% | 547,442 | $13.8M | Reduce -11.0% |
| GD General Dynamics Corp. | 0.92% | 42,312 | $12.0M | New |
| TIP iShares Tips Bond ETF | 0.90% | 109,276 | $11.7M | Reduce -9.0% |
| ADP Automatic Data Processing | 0.89% | 46,190 | $11.5M | Add +1.5% |
| IWM iShares Russell 2000 ETF | 0.87% | 53,501 | $11.3M | Reduce -53.5% |
| DEO Diageo PLC-Sponsored ADR | 0.85% | 74,042 | $11.0M | Reduce -1.2% |
| EXR Extra Space Storage Inc. | 0.83% | 73,058 | $10.7M | Add +4.4% |
| USIG iShares Broad Usd Investment | 0.76% | 193,575 | $9.8M | Add +40.3% |
| TXN Texas Instruments Inc. | 0.73% | 54,567 | $9.5M | Reduce -2.5% |
| ALB Albemarle Corp. | 0.61% | 59,784 | $7.9M | Add +117.7% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.54% | 284,781 | $7.1M | Reduce -3.0% |
| VIG Vanguard Dividend Apprec ETF | 0.54% | 38,479 | $7.0M | Reduce -0.8% |
| IBDP iShares Ibonds Dec 2024 Term | 0.52% | 272,074 | $6.8M | Reduce -6.1% |
| NKE Nike Inc. Class B | 0.50% | 69,715 | $6.6M | Reduce -0.8% |
| MUB iShares National Muni Bond E | 0.50% | 60,704 | $6.5M | Add +3.5% |
| IBDR iShares Ibonds Dec 2026 Term | 0.49% | 265,265 | $6.3M | Add +1.6% |
| OEF iShares S&P 100 ETF | 0.42% | 22,119 | $5.5M | Reduce -6.5% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.39% | 55,193 | $5.0M | Reduce -2.4% |
| TSLA Tesla Inc. | 0.37% | 26,993 | $4.7M | Reduce -1.3% |
| RSP Invesco S&P 500 Equal Weight | 0.35% | 26,892 | $4.6M | Reduce -1.7% |
| VEA Vanguard Ftse Developed ETF | 0.33% | 86,039 | $4.3M | Add +6.8% |
| IEF iShares 7-10 Year Treasury B | 0.31% | 42,274 | $4.0M | Reduce -22.1% |
| ENPH Enphase Energy Inc. | 0.29% | 30,758 | $3.7M | Add +170.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 8,040 | $3.6M | Reduce -0.4% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.23% | 125,284 | $3.0M | Add +8.6% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.21% | 63,868 | $2.7M | Add +59.5% |
| XOM Exxon Mobil Corp. | 0.18% | 20,198 | $2.3M | Reduce -0.6% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.17% | 89,524 | $2.2M | Add +23.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 8,352 | $2.2M | Add +47.3% |
| IWR iShares Russell Mid-Cap ETF | 0.16% | 24,564 | $2.1M | Reduce -3.1% |
| SCHP Schwab U.S. Tips ETF | 0.15% | 37,820 | $2.0M | Reduce -10.8% |
| DVY iShares Select Dividend ETF | 0.14% | 15,238 | $1.9M | Reduce -7.4% |
| GOOG Alphabet Inc. Class C | 0.14% | 12,245 | $1.9M | Reduce -0.9% |
| MAR Marriott International Class A | 0.14% | 7,360 | $1.9M | Reduce -1.7% |
| NVDA Nvidia Corp. | 0.14% | 2,028 | $1.8M | Add +7.1% |
| AMGN Amgen Inc. | 0.14% | 6,403 | $1.8M | Reduce -12.4% |
| COST Costco Wholesale Corp. | 0.13% | 2,358 | $1.7M | Reduce -16.6% |
| PG The Procter & Gamble Co. | 0.13% | 10,065 | $1.6M | Add +9.4% |
| PNC PNC Financial Services Group | 0.12% | 9,375 | $1.5M | Reduce -92.1% |
| SCHM Schwab US Mid Cap ETF | 0.12% | 18,505 | $1.5M | Reduce -11.8% |
| JPM JPMorgan Chase & Co. | 0.11% | 6,819 | $1.4M | Reduce -0.3% |
| XLK SS Technology Select Sector | 0.10% | 6,536 | $1.4M | Reduce -20.7% |
| IBDU iShares Ibonds Dec 2029 Term | 0.10% | 55,937 | $1.3M | Add +103.5% |
| SCHA Schwab US Small-Cap ETF | 0.10% | 25,186 | $1.2M | Reduce -2.3% |
| SYK Stryker Corp. | 0.09% | 3,324 | $1.2M | Reduce -2.0% |
| SPIP SS SPDR P Tips ETF | 0.09% | 43,544 | $1.1M | Add +71.3% |
| BA The Boeing Co. | 0.09% | 5,772 | $1.1M | Reduce -5.0% |
| MRK Merck & Co. Inc. | 0.08% | 8,312 | $1.1M | Reduce -1.3% |
| NOC Northrop Grumman Corp. | 0.08% | 2,257 | $1.1M | No change |
| ETN Eaton Corp. PLC | 0.08% | 3,331 | $1.0M | Reduce -16.2% |
| HD Home Depot Inc. | 0.08% | 2,594 | $995K | Reduce -3.1% |
| ABT Abbott Laboratories | 0.07% | 7,841 | $891K | Reduce -7.4% |
| SCHX Schwab US Large-Cap ETF | 0.06% | 13,451 | $835K | Add +36.1% |
| AMD Advanced Micro Devices | 0.06% | 4,270 | $771K | No change |
| VTWO Vanguard Russell 2000 ETF | 0.06% | 8,884 | $756K | Reduce -57.2% |
| KMB Kimberly-Clark Corp. | 0.06% | 5,740 | $742K | Reduce -10.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 5,982 | $732K | Add +2.8% |
| IWN iShares Russell 2000 Value E | 0.06% | 4,503 | $715K | Reduce -48.0% |
| RTX RTX Corp. | 0.05% | 7,260 | $708K | Reduce -94.1% |
| KO The Coca-Cola Co. | 0.05% | 11,555 | $707K | Reduce -6.2% |
| ANET Arista Networks Inc. | 0.05% | 2,307 | $669K | Add +2.3% |
| CAT Caterpillar Inc. | 0.05% | 1,824 | $668K | Reduce -3.1% |
| IWB iShares Russell 1000 ETF | 0.05% | 2,320 | $668K | Reduce -1.4% |
Portfolio Sells Q4 2023 → Q1 2024
| PNC PNC Financial Services Group | Reduce -92.1% | 0.12% | −1.37 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −1.18 |
| IWM iShares Russell 2000 ETF | Reduce -53.5% | 0.87% | −0.99 |
| HON Honeywell International Inc. | Reduce -95.0% | 0.05% | −0.97 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.79 |
| RTX RTX Corp. | Reduce -94.1% | 0.05% | −0.77 |
| UNH Unitedhealth Group Inc. | Reduce -1.0% | 2.42% | −0.30 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -11.3% | 1.13% | −0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -16.8% | 2.91% | −0.19 |
| TSLA Tesla Inc. | Reduce -1.3% | 0.37% | −0.18 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -11.0% | 1.06% | −0.18 |
| MCD McDonald's Corp. | Reduce -0.2% | 1.61% | −0.16 |
| TIP iShares Tips Bond ETF | Reduce -9.0% | 0.90% | −0.13 |
| IEF iShares 7-10 Year Treasury B | Reduce -22.1% | 0.31% | −0.11 |
| NKE Nike Inc. Class B | Reduce -0.8% | 0.50% | −0.11 |
| ACN Accenture PLC Class A | Reduce -1.0% | 1.56% | −0.11 |
| JNJ Johnson & Johnson | Reduce -1.9% | 1.55% | −0.09 |
| VTWO Vanguard Russell 2000 ETF | Reduce -57.2% | 0.06% | −0.08 |
| CWB SS SPDR BB Conv Sec ETF | Reduce -0.4% | 1.88% | −0.07 |
| UNP Union Pacific Corp. | Reduce -0.3% | 1.30% | −0.06 |
| IBDP iShares Ibonds Dec 2024 Term | Reduce -6.1% | 0.52% | −0.06 |
| IWO iShares Russell 2000 Growth | Reduce -63.6% | 0.03% | −0.05 |
| IWN iShares Russell 2000 Value E | Reduce -48.0% | 0.06% | −0.05 |
| BA The Boeing Co. | Reduce -5.0% | 0.09% | −0.04 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -3.0% | 0.54% | −0.04 |
| TXN Texas Instruments Inc. | Reduce -2.5% | 0.73% | −0.04 |
| HRB H&R Block Inc. | Reduce -46.3% | 0.04% | −0.03 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.9% | 1.54% | −0.03 |
| DEO Diageo PLC-Sponsored ADR | Reduce -1.2% | 0.85% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -62.8% | 0.02% | −0.03 |
| AMGN Amgen Inc. | Reduce -12.4% | 0.14% | −0.03 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.03 |
| SCHP Schwab U.S. Tips ETF | Reduce -10.8% | 0.15% | −0.03 |
| XLK SS Technology Select Sector | Reduce -20.7% | 0.10% | −0.02 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.02 |
| JMBS Janus Henderson Mortg Backed | Sold out | 0.00% | −0.02 |
| SPTI SS SPDR P Int Term TSY ETF | Sold out | 0.00% | −0.02 |
| PEP Pepsico Inc. | Reduce -0.1% | 1.25% | −0.02 |
| WTS Watts Water Technologies-A | Sold out | 0.00% | −0.02 |
| AMT American Tower Corp. | Reduce -31.0% | 0.03% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -16.6% | 0.13% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.02 |
| DUK Duke Energy Corp. | Reduce -28.9% | 0.04% | −0.02 |
| TLH iShares 10-20 Year Treasury | Sold out | 0.00% | −0.02 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.02 |
| SCHM Schwab US Mid Cap ETF | Reduce -11.8% | 0.12% | −0.01 |
| INTC Intel Corp. | Reduce -12.4% | 0.03% | −0.01 |
| DVY iShares Select Dividend ETF | Reduce -7.4% | 0.14% | −0.01 |
| ZTS Zoetis Inc. | Reduce -11.3% | 0.03% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| IJR iShares Core S&P Small-Cap E | Add +121.6% | 2.78% | +1.50 |
| HWM Howmet Aerospace Inc. | New | 1.12% | +1.12 |
| APO Apollo Global Management Inc. | New | 1.08% | +1.08 |
| AMZN Amazon.com Inc. | Add +19.2% | 3.79% | +0.99 |
| GD General Dynamics Corp. | New | 0.92% | +0.92 |
| TSM Taiwan Semiconductor-SP ADR | Add +22.3% | 2.42% | +0.84 |
| IVV iShares Core S&P 500 ETF | Add +6.6% | 4.85% | +0.53 |
| ALB Albemarle Corp. | Add +117.7% | 0.61% | +0.29 |
| IJH iShares Core S&P Midcap ETF | Add +1.9% | 2.90% | +0.19 |
| USIG iShares Broad Usd Investment | Add +40.3% | 0.76% | +0.19 |
| ENPH Enphase Energy Inc. | Add +170.1% | 0.29% | +0.17 |
| MRSH Marsh & McLennan Cos | Add +3.5% | 1.09% | +0.08 |
| CVX Chevron Corp. | Add +6.1% | 1.12% | +0.08 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +59.5% | 0.21% | +0.07 |
| NVDA Nvidia Corp. | Add +7.1% | 0.14% | +0.07 |
| VTI VG Morningstar TS MKT ETF-US | Add +47.3% | 0.17% | +0.06 |
| IBDU iShares Ibonds Dec 2029 Term | Add +103.5% | 0.10% | +0.05 |
| ADP Automatic Data Processing | Add +1.5% | 0.89% | +0.04 |
| COWZ Pacer US Cash Cows 100 ETF | New | 0.04% | +0.04 |
| SPIP SS SPDR P Tips ETF | Add +71.3% | 0.09% | +0.03 |
| PFF iShares Preferred & Income S | Add +3.9% | 1.20% | +0.03 |
| MNST Monster Beverage Corp. | New | 0.03% | +0.03 |
| CALF PCR US SM CP CSH CWS ETF-Usd | New | 0.03% | +0.03 |
| FLQM Franklin U.S. Mid Cap Multif | New | 0.03% | +0.03 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +23.5% | 0.17% | +0.03 |
| NEE Nextera Energy Inc. | Add +0.7% | 1.88% | +0.03 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.02% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +6.8% | 0.33% | +0.02 |
| NRG NRG Energy Inc. | New | 0.02% | +0.02 |
| VGT Vanguard Info Tech ETF | New | 0.02% | +0.02 |
| IBDV iShares Ibonds Dec 2030 Corp. | New | 0.02% | +0.02 |
| SCHX Schwab US Large-Cap ETF | Add +36.1% | 0.06% | +0.02 |
| AVGO Broadcom Inc. | New | 0.02% | +0.02 |
| PG The Procter & Gamble Co. | Add +9.4% | 0.13% | +0.02 |
| SCHF Schwab Intl Equity ETF | New | 0.02% | +0.02 |
| REGN Regeneron Pharmaceuticals | New | 0.02% | +0.02 |
| PAVE Global X US Infrastructure | New | 0.02% | +0.02 |
| PYPL PayPal Holdings Inc. | New | 0.02% | +0.02 |
| INTU Intuit Inc. | New | 0.02% | +0.02 |
| DIS The Walt Disney Co. | Add +2.8% | 0.06% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +9.4% | 0.05% | +0.01 |
| MRVL Marvell Technology Inc. | Add +11.4% | 0.04% | +0.01 |
| ANET Arista Networks Inc. | Add +2.3% | 0.05% | +0.01 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +8.6% | 0.23% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +2.1% | 0.05% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +18.5% | 0.02% | +0.00 |
| SNPS Synopsys Inc. | Add +2.8% | 0.04% | +0.00 |
| ODFL Old Dominion Freight Line | Add +2.5% | 0.03% | +0.00 |
| SO The Southern Co. | Add +11.0% | 0.02% | +0.00 |
| GLD SPDR Gold Shares | Add +1.2% | 0.04% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 208 | $1.7B | IVV, VEA, AAPL, GOOGL, TSM |
| Q1 2026 | 200 | $1.5B | IVV, VEA, AAPL, MSFT, GOOGL |
| Q4 2025 | 203 | $1.6B | IVV, AAPL, MSFT, GOOGL, VEA |
| Q3 2025 | 203 | $1.5B | IVV, MSFT, AAPL, GOOGL, AMZN |
| Q2 2025 | 194 | $1.5B | IVV, MSFT, AAPL, AMZN, TSM |
| Q1 2025 | 184 | $1.4B | IVV, AAPL, MSFT, AMZN, BRK.B |
| Q4 2024 | 191 | $1.4B | AAPL, MSFT, IVV, AMZN, GOOGL |
| Q3 2024 | 182 | $1.4B | MSFT, AAPL, IVV, AMZN, GOOGL |
| Q2 2024 | 184 | $1.4B | MSFT, AAPL, IVV, AMZN, GOOGL |
| Q1 2024 | 181 | $1.3B | MSFT, IVV, AAPL, AMZN, GOOGL |