Fulton Breakefield Broenniman LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 23, 2025), Fulton Breakefield Broenniman LLC reported 191 stock positions worth $1.4 billion. Its top holding was Apple (AAPL) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.7%) and iShares Core S&P 500 ETF (IVV, 5.6%). Compared with Q3 2024, it opened 18 new positions, sold out of 9, added to 57 and reduced 84. The biggest buy was Nvidia (NVDA, shares +60%) and the biggest sale SS SPDR BB Conv Sec ETF (CWB, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- Bethesda, MD
- CIK
- 0001119254
- Portfolio Value
- $1.4B (Q4 2024)
- SEC Filing
- 0001705819-25-000010 ↗ filed Jan 23, 2025
Holdings Value
Holdings 191 stocks · $1.4B
| AAPL Apple Inc. | 6.12% | 342,331 | $85.7M | Add +2.7% |
| MSFT Microsoft Corp. | 5.73% | 190,212 | $80.2M | Add +0.6% |
| IVV iShares Core S&P 500 ETF | 5.59% | 133,031 | $78.3M | Add +1.5% |
| AMZN Amazon.com Inc. | 4.36% | 278,195 | $61.0M | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 3.80% | 280,987 | $53.2M | Add +0.1% |
| TSM Taiwan Semiconductor-SP ADR | 3.15% | 223,615 | $44.2M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.92% | 90,088 | $40.8M | Add +0.6% |
| IJH iShares Core S&P Midcap ETF | 2.78% | 624,675 | $38.9M | Add +0.3% |
| IJR iShares Core S&P Small-Cap E | 2.78% | 337,503 | $38.9M | Add +0.8% |
| V Visa Inc. Class A | 2.63% | 116,673 | $36.9M | Add +0.6% |
| LLY Eli Lilly & Co. | 2.35% | 42,640 | $32.9M | Reduce -0.2% |
| AGG iShares Core U.S. Aggregate | 2.33% | 336,539 | $32.6M | Reduce -10.4% |
| PGR Progressive Corp. | 2.31% | 135,162 | $32.4M | Reduce -1.9% |
| UNH Unitedhealth Group Inc. | 2.15% | 59,447 | $30.1M | Reduce -1.3% |
| LOW Lowe's Cos Inc. | 1.96% | 111,406 | $27.5M | Reduce -0.5% |
| NEE Nextera Energy Inc. | 1.92% | 374,326 | $26.8M | Reduce -0.3% |
| NVDA Nvidia Corp. | 1.84% | 191,623 | $25.7M | Add +59.6% |
| HWM Howmet Aerospace Inc. | 1.66% | 211,964 | $23.2M | Reduce -1.1% |
| DHR Danaher Corp. | 1.64% | 99,755 | $22.9M | Add +0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.54% | 36,756 | $21.5M | Reduce -0.3% |
| MCD McDonald's Corp. | 1.50% | 72,328 | $21.0M | Reduce -0.5% |
| APO Apollo Global Management Inc. | 1.48% | 125,795 | $20.8M | Add +0.1% |
| LIN Linde PLC | 1.41% | 47,272 | $19.8M | Reduce -0.7% |
| CRM Salesforce Inc. | 1.40% | 58,752 | $19.6M | Reduce -2.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.24% | 143,735 | $17.4M | Reduce -0.3% |
| CHD Church & Dwight Co. Inc. | 1.15% | 153,769 | $16.1M | Reduce -0.8% |
| ROP Roper Technologies Inc. | 1.14% | 30,669 | $15.9M | Reduce -0.5% |
| ABBV Abbvie Inc. | 1.14% | 89,711 | $15.9M | Reduce -1.2% |
| UNP Union Pacific Corp. | 1.10% | 67,565 | $15.4M | Add +0.0% |
| MRSH Marsh & McLennan Cos | 1.02% | 67,445 | $14.3M | Reduce -0.6% |
| PFF iShares Preferred & Income S | 1.02% | 454,915 | $14.3M | Reduce -9.0% |
| USIG iShares Broad Usd Investment | 1.01% | 280,656 | $14.1M | Add +18.0% |
| NFLX Netflix Inc. | 1.00% | 15,785 | $14.1M | Reduce -0.1% |
| CVX Chevron Corp. | 0.98% | 94,400 | $13.7M | Add +1.1% |
| AXP American Express Co. | 0.96% | 45,422 | $13.5M | Add +1.3% |
| PEP Pepsico Inc. | 0.95% | 87,538 | $13.3M | Reduce -2.7% |
| ADP Automatic Data Processing | 0.94% | 44,865 | $13.1M | Reduce -0.9% |
| SYK Stryker Corp. | 0.92% | 35,830 | $12.9M | Add +0.9% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.87% | 481,581 | $12.2M | Reduce -4.9% |
| ADBE Adobe Inc. | 0.82% | 25,908 | $11.5M | Reduce -3.4% |
| WCN Waste Connections Inc. | 0.80% | 65,407 | $11.2M | New |
| GD General Dynamics Corp. | 0.79% | 42,199 | $11.1M | Reduce -0.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.79% | 103,223 | $11.0M | Reduce -16.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.78% | 15,749 | $10.9M | Add +23.6% |
| IWM iShares Russell 2000 ETF | 0.75% | 47,634 | $10.5M | Reduce -1.6% |
| TXN Texas Instruments Inc. | 0.67% | 49,691 | $9.3M | Reduce -2.9% |
| TIP iShares Tips Bond ETF | 0.66% | 87,254 | $9.3M | Reduce -12.8% |
| VIG Vanguard Dividend Apprec ETF | 0.62% | 44,321 | $8.7M | Add +4.6% |
| AMD Advanced Micro Devices | 0.50% | 57,434 | $6.9M | Reduce -12.9% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.48% | 269,107 | $6.7M | Reduce -2.6% |
| MUB iShares National Muni Bond E | 0.46% | 60,461 | $6.4M | Reduce -1.7% |
| DEO Diageo PLC-Sponsored ADR | 0.45% | 49,009 | $6.2M | Reduce -21.7% |
| OEF iShares S&P 100 ETF | 0.44% | 21,551 | $6.2M | Reduce -2.1% |
| IBDR iShares Ibonds Dec 2026 Term | 0.44% | 254,478 | $6.1M | Reduce -3.5% |
| ACN Accenture PLC Class A | 0.37% | 14,909 | $5.2M | Reduce -73.7% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.34% | 51,881 | $4.7M | Reduce -1.0% |
| VEA Vanguard Ftse Developed ETF | 0.32% | 94,262 | $4.5M | Add +0.0% |
| RSP Invesco S&P 500 Equal Weight | 0.32% | 25,588 | $4.5M | Reduce -0.9% |
| JNJ Johnson & Johnson | 0.32% | 30,845 | $4.5M | Reduce -4.1% |
| NKE Nike Inc. Class B | 0.32% | 58,745 | $4.4M | Reduce -9.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.32% | 8,644 | $4.4M | Add +5.8% |
| JPM JPMorgan Chase & Co. | 0.30% | 17,249 | $4.1M | Add +6.4% |
| CWB SS SPDR BB Conv Sec ETF | 0.29% | 51,347 | $4.0M | Reduce -84.5% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.29% | 93,673 | $4.0M | Add +7.7% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.25% | 146,964 | $3.5M | Add +4.7% |
| SPIP SS SPDR P Tips ETF | 0.21% | 116,575 | $3.0M | Add +88.6% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.21% | 115,524 | $2.9M | Add +11.3% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.20% | 62,163 | $2.8M | New |
| TSLA Tesla Inc. | 0.20% | 6,949 | $2.8M | Reduce -72.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 9,028 | $2.6M | Reduce -9.7% |
| MAR Marriott International Class A | 0.17% | 8,551 | $2.4M | Add +1.1% |
| COST Costco Wholesale Corp. | 0.15% | 2,288 | $2.1M | Add +2.6% |
| XOM Exxon Mobil Corp. | 0.15% | 19,264 | $2.1M | Reduce -2.0% |
| GOOG Alphabet Inc. Class C | 0.15% | 10,828 | $2.1M | Reduce -0.1% |
| IBDU iShares Ibonds Dec 2029 Term | 0.15% | 89,735 | $2.0M | Add +24.1% |
| IWR iShares Russell Mid-Cap ETF | 0.15% | 23,063 | $2.0M | Reduce -2.2% |
| DVY iShares Select Dividend ETF | 0.14% | 15,329 | $2.0M | Reduce -0.1% |
| ITW Illinois Tool Works | 0.14% | 7,486 | $1.9M | Add +0.9% |
| SCHP Schwab U.S. Tips ETF | 0.12% | 65,976 | $1.7M | Reduce -1.8% |
| PG The Procter & Gamble Co. | 0.12% | 9,727 | $1.6M | Reduce -0.2% |
| XLK SS Technology Select Sector | 0.11% | 6,630 | $1.5M | Add +0.9% |
| EXR Extra Space Storage Inc. | 0.11% | 10,127 | $1.5M | Reduce -3.8% |
| SCHM Schwab US Mid Cap ETF | 0.11% | 54,600 | $1.5M | Add +0.4% |
| AMGN Amgen Inc. | 0.11% | 5,785 | $1.5M | Reduce -0.2% |
| IEF iShares 7-10 Year Treasury B | 0.11% | 16,047 | $1.5M | Reduce -58.3% |
| SCHA Schwab US Small-Cap ETF | 0.09% | 49,986 | $1.3M | Add +1.7% |
| SMH Vaneck Semiconductor ETF | 0.09% | 4,913 | $1.2M | New |
| PSK SS SPDR Ice Pref Sec ETF | 0.08% | 35,781 | $1.2M | New |
| ETN Eaton Corp. PLC | 0.08% | 3,244 | $1.1M | Reduce -1.3% |
| NOC Northrop Grumman Corp. | 0.07% | 2,231 | $1.0M | Reduce -0.7% |
| HD Home Depot Inc. | 0.07% | 2,648 | $1.0M | Add +5.0% |
| PNC PNC Financial Services Group | 0.07% | 5,293 | $1.0M | Reduce -3.1% |
| MRVL Marvell Technology Inc. | 0.06% | 7,784 | $860K | Reduce -2.6% |
| ABT Abbott Laboratories | 0.06% | 7,452 | $843K | Add +0.4% |
| MRK Merck & Co. Inc. | 0.06% | 8,200 | $816K | Reduce -2.7% |
| RTX RTX Corp. | 0.06% | 6,925 | $801K | Reduce -3.3% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.06% | 36,596 | $782K | Add +64.6% |
| VTWO Vanguard Russell 2000 ETF | 0.05% | 8,356 | $746K | Reduce -0.9% |
| ANET Arista Networks Inc. | 0.05% | 6,740 | $745K | Reduce -9.2% |
| WMT Walmart Inc. | 0.05% | 8,176 | $739K | Add +73.1% |
Portfolio Sells Q3 2024 → Q4 2024
| CWB SS SPDR BB Conv Sec ETF | Reduce -84.5% | 0.29% | −1.48 |
| ACN Accenture PLC Class A | Reduce -73.7% | 0.37% | −1.03 |
| IBDP iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.43 |
| AGG iShares Core U.S. Aggregate | Reduce -10.4% | 2.33% | −0.33 |
| UNH Unitedhealth Group Inc. | Reduce -1.3% | 2.15% | −0.31 |
| NEE Nextera Energy Inc. | Reduce -0.3% | 1.92% | −0.30 |
| LLY Eli Lilly & Co. | Reduce -0.2% | 2.35% | −0.29 |
| TSLA Tesla Inc. | Reduce -72.8% | 0.20% | −0.27 |
| AMD Advanced Micro Devices | Reduce -12.9% | 0.50% | −0.26 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.24 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -16.5% | 0.79% | −0.19 |
| LIN Linde PLC | Reduce -0.7% | 1.41% | −0.17 |
| DEO Diageo PLC-Sponsored ADR | Reduce -21.7% | 0.45% | −0.17 |
| IEF iShares 7-10 Year Treasury B | Reduce -58.3% | 0.11% | −0.16 |
| LOW Lowe's Cos Inc. | Reduce -0.5% | 1.96% | −0.15 |
| ADBE Adobe Inc. | Reduce -3.4% | 0.82% | −0.15 |
| PFF iShares Preferred & Income S | Reduce -9.0% | 1.02% | −0.14 |
| PGR Progressive Corp. | Reduce -1.9% | 2.31% | −0.13 |
| PEP Pepsico Inc. | Reduce -2.7% | 0.95% | −0.12 |
| ABBV Abbvie Inc. | Reduce -1.2% | 1.14% | −0.11 |
| TIP iShares Tips Bond ETF | Reduce -12.8% | 0.66% | −0.11 |
| GD General Dynamics Corp. | Reduce -0.1% | 0.79% | −0.10 |
| NKE Nike Inc. Class B | Reduce -9.8% | 0.32% | −0.08 |
| TXN Texas Instruments Inc. | Reduce -2.9% | 0.67% | −0.07 |
| ROP Roper Technologies Inc. | Reduce -0.5% | 1.14% | −0.06 |
| MCD McDonald's Corp. | Reduce -0.5% | 1.50% | −0.05 |
| JNJ Johnson & Johnson | Reduce -4.1% | 0.32% | −0.05 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -4.9% | 0.87% | −0.04 |
| MRSH Marsh & McLennan Cos | Reduce -0.6% | 1.02% | −0.03 |
| COWZ Pacer US Cash Cows 100 ETF | Sold out | 0.00% | −0.03 |
| EXR Extra Space Storage Inc. | Reduce -3.8% | 0.11% | −0.02 |
| AMGN Amgen Inc. | Reduce -0.2% | 0.11% | −0.02 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −0.02 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.02 |
| CI The Cigna Group | Sold out | 0.00% | −0.02 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.02 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.02 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -2.0% | 0.15% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -9.7% | 0.19% | −0.01 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -3.5% | 0.44% | −0.01 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -39.1% | 0.01% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -19.8% | 0.03% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -4.2% | 0.02% | −0.01 |
| KO The Coca-Cola Co. | Reduce -4.7% | 0.05% | −0.01 |
| ALB Albemarle Corp. | Reduce -25.2% | 0.02% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -2.7% | 0.06% | −0.01 |
| NOC Northrop Grumman Corp. | Reduce -0.7% | 0.07% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -10.4% | 0.02% | −0.01 |
| AMT American Tower Corp. | Reduce -5.6% | 0.02% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +59.6% | 1.84% | +0.82 |
| WCN Waste Connections Inc. | New | 0.80% | +0.80 |
| AMZN Amazon.com Inc. | Add +1.1% | 4.36% | +0.78 |
| AAPL Apple Inc. | Add +2.7% | 6.12% | +0.70 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 3.80% | +0.55 |
| V Visa Inc. Class A | Add +0.6% | 2.63% | +0.41 |
| APO Apollo Global Management Inc. | Add +0.1% | 1.48% | +0.39 |
| IVV iShares Core S&P 500 ETF | Add +1.5% | 5.59% | +0.31 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | New | 0.20% | +0.20 |
| USIG iShares Broad Usd Investment | Add +18.0% | 1.01% | +0.13 |
| AXP American Express Co. | Add +1.3% | 0.96% | +0.11 |
| SPIP SS SPDR P Tips ETF | Add +88.6% | 0.21% | +0.10 |
| SMH Vaneck Semiconductor ETF | New | 0.09% | +0.09 |
| PSK SS SPDR Ice Pref Sec ETF | New | 0.08% | +0.08 |
| IJH iShares Core S&P Midcap ETF | Add +0.3% | 2.78% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +6.4% | 0.30% | +0.06 |
| IJR iShares Core S&P Small-Cap E | Add +0.8% | 2.78% | +0.04 |
| MSFT Microsoft Corp. | Add +0.6% | 5.73% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | Add +23.6% | 0.78% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.6% | 2.92% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +5.8% | 0.32% | +0.04 |
| VIG Vanguard Dividend Apprec ETF | Add +4.6% | 0.62% | +0.03 |
| KXI iShares Global Consumer Stap | New | 0.03% | +0.03 |
| REEAF Ree Automotive Ltd. Class A | New | 0.03% | +0.03 |
| DDOG Datadog Inc. Class A | New | 0.03% | +0.03 |
| IBDU iShares Ibonds Dec 2029 Term | Add +24.1% | 0.15% | +0.03 |
| WST West Pharmaceutical Services | New | 0.03% | +0.03 |
| WMT Walmart Inc. | Add +73.1% | 0.05% | +0.03 |
| SYK Stryker Corp. | Add +0.9% | 0.92% | +0.03 |
| MAR Marriott International Class A | Add +1.1% | 0.17% | +0.02 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +7.7% | 0.29% | +0.02 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +64.6% | 0.06% | +0.02 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +11.3% | 0.21% | +0.02 |
| VDC Vanguard Consumer Staple ETF | New | 0.02% | +0.02 |
| VCR Vanguard Consumer Discre ETF | New | 0.02% | +0.02 |
| VPU Vanguard Utilities ETF | New | 0.02% | +0.02 |
| IBDX iShares Ibonds Dec 2032 TC | New | 0.02% | +0.02 |
| VIS Vanguard Industrials ETF | New | 0.02% | +0.02 |
| CVX Chevron Corp. | Add +1.1% | 0.98% | +0.02 |
| BSV Vanguard Short-Term Bond ETF | New | 0.02% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.02% | +0.02 |
| VAW Vanguard Materials ETF | New | 0.02% | +0.02 |
| IBDY iShares Ibonds Dec 2033 Corp. | New | 0.01% | +0.01 |
| IWF iShares Russell 1000 Growth | New | 0.01% | +0.01 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +4.7% | 0.25% | +0.01 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +79.6% | 0.03% | +0.01 |
| COST Costco Wholesale Corp. | Add +2.6% | 0.15% | +0.01 |
| DE Deere & Co. | Add +38.4% | 0.04% | +0.01 |
| DIS The Walt Disney Co. | Add +4.8% | 0.05% | +0.01 |
| XLK SS Technology Select Sector | Add +0.9% | 0.11% | +0.01 |
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 |