Lummis Asset Management, LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 3, 2026), Lummis Asset Management, LP reported 221 stock positions worth $167.2 million. Its top holding was Matador Resources (MTDR) at 9.7% of the portfolio, followed by Apple (AAPL, 9.5%) and Microsoft (MSFT, 7.8%). Compared with Q1 2026, it opened 42 new positions, sold out of 12, added to 32 and reduced 37. The biggest buy was Eli Lilly (LLY, shares +0%) and the biggest sale Matador Resources (MTDR, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- FORT WORTH, TX
- CIK
- 0002011652
- Portfolio Value
- $167.2M (Q2 2026)
- SEC Filing
- 0002011652-26-000003 ↗ filed Aug 3, 2026
Holdings Value
Holdings 221 stocks · $167.2M
| MTDR Matador Resources Co. | 9.66% | 328,769 | $16.2M | Reduce -1.1% |
| AAPL Apple Inc. | 9.53% | 51,505 | $15.9M | Reduce -1.9% |
| MSFT Microsoft Corp. | 7.82% | 31,432 | $13.1M | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 6.46% | 31,233 | $10.8M | Reduce -1.3% |
| BERKSHIRE HATHAWAY INC | 4.77% | 15,823 | $8.0M | Add +0.8% |
| GD General Dynamics Corp. | 3.06% | 14,095 | $5.1M | Reduce -1.1% |
| BSM Black Stone Minerals LP | 3.04% | 343,843 | $5.1M | No change |
| GS Goldman Sachs Group Inc. | 2.94% | 4,831 | $4.9M | Reduce -1.5% |
| ROST Ross Stores Inc. | 2.72% | 20,062 | $4.5M | Reduce -2.9% |
| GOLF Acushnet Holdings Corp. | 2.62% | 38,792 | $4.4M | Reduce -90.2% |
| ORCL Oracle Corp. | 2.42% | 28,781 | $4.1M | Reduce -2.3% |
| TFPM Triple Flag Precious Met | 2.34% | 131,121 | $3.9M | Add +5.2% |
| EQIX Equinix Inc. | 2.33% | 3,723 | $3.9M | No change |
| TMO Thermo Fisher Scientific Inc. | 2.04% | 6,367 | $3.4M | Reduce -0.1% |
| JNJ Johnson & Johnson | 1.96% | 12,849 | $3.3M | Reduce -0.2% |
| AYI Acuity Inc. | 1.89% | 8,656 | $3.2M | Reduce -1.3% |
| LLY Eli Lilly & Co. | 1.85% | 2,675 | $3.1M | Add +0.0% |
| XOM Exxon Mobil Corp. | 1.84% | 20,484 | $3.1M | Reduce -0.7% |
| AIG American International Group | 1.82% | 40,274 | $3.1M | Reduce -1.0% |
| AMRZ Amrize Ltd. | 1.82% | 58,677 | $3.0M | Add +19.3% |
| ABT Abbott Laboratories | 1.71% | 29,101 | $2.9M | Reduce -1.3% |
| WFC Wells Fargo & Co. | 1.53% | 30,788 | $2.6M | Reduce -1.1% |
| AMT American Tower Corp. | 1.49% | 15,032 | $2.5M | No change |
| SCHW Schwab (charles) Corp. | 1.05% | 17,932 | $1.8M | Reduce -1.6% |
| DORM Dorman Products Inc. | 1.04% | 12,803 | $1.7M | Reduce -34.7% |
| KO The Coca-Cola Co. | 1.03% | 20,355 | $1.7M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 1.01% | 7,088 | $1.7M | Add +0.5% |
| DG Dollar General Corp. | 0.99% | 13,732 | $1.7M | Reduce -1.4% |
| ABBV Abbvie Inc. | 0.96% | 6,229 | $1.6M | No change |
| DVN Devon Energy Corp. | 0.92% | 26,888 | $1.5M | Reduce -27.6% |
| VGK Vanguard Ftse Europe ETF | 0.89% | 16,739 | $1.5M | Add +1.4% |
| VXUS Vanguard Total Intl Stock | 0.87% | 17,095 | $1.5M | Add +1.1% |
| COP Conocophillips | 0.84% | 12,315 | $1.4M | Reduce -1.7% |
| AMGN Amgen Inc. | 0.79% | 3,433 | $1.3M | No change |
| PEP Pepsico Inc. | 0.78% | 9,647 | $1.3M | Reduce -43.9% |
| GOOGL Alphabet Inc. Class A | 0.70% | 3,270 | $1.2M | No change |
| CVX Chevron Corp. | 0.69% | 5,995 | $1.1M | Add +0.0% |
| SCHO Schwab Short-Term US Treas | 0.64% | 44,147 | $1.1M | Reduce -5.8% |
| PG The Procter & Gamble Co. | 0.60% | 7,003 | $1.0M | Add +4.5% |
| WMB Williams Cos Inc. | 0.60% | 13,468 | $999K | Reduce -3.9% |
| FFIN First Finl Bankshares Inc. | 0.51% | 24,645 | $857K | Reduce -0.1% |
| ITW Illinois Tool Works | 0.50% | 3,015 | $842K | No change |
| SSB Southstate Bank Corp. | 0.50% | 8,205 | $835K | Reduce -1.4% |
| CSCO Cisco Systems Inc. | 0.46% | 6,742 | $766K | Add +0.3% |
| WTM White Mountains Insurance GP | 0.41% | 325 | $689K | No change |
| PSX Phillips 66 | 0.38% | 3,011 | $628K | No change |
| RTX RTX Corp. | 0.35% | 2,727 | $582K | Add +0.5% |
| ADP Automatic Data Processing | 0.31% | 2,019 | $514K | Reduce -0.5% |
| APH Amphenol Corp. Class A | 0.29% | 2,792 | $492K | Reduce -3.3% |
| LMT Lockheed Martin Corp. | 0.28% | 836 | $465K | Reduce -0.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.21% | 933 | $345K | No change |
| O Realty Income Corp. | 0.18% | 4,680 | $293K | Reduce -9.7% |
| UL Unilever PLC | 0.17% | 4,444 | $290K | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 0.17% | 865 | $283K | No change |
| GLD SPDR Gold Shares | 0.13% | 600 | $221K | No change |
| BN Brookfield Corp. | 0.12% | 4,813 | $205K | No change |
| NUV Nuveen Municipal Value | 0.12% | 22,000 | $203K | No change |
| ATO Atmos Energy Corp. | 0.12% | 1,128 | $194K | No change |
| BSV Vanguard Short-Term Bond ETF | 0.11% | 2,460 | $192K | No change |
| CLX Clorox Company | 0.11% | 1,974 | $191K | No change |
| BP BP PLC-Spons ADR | 0.11% | 4,239 | $187K | No change |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.11% | 6,784 | $187K | No change |
| NSRGY Nestle SA-Spons ADR | 0.11% | 1,781 | $182K | No change |
| META Meta Platforms Inc. Class A | 0.10% | 319 | $174K | Add +2.9% |
| CET Central Securities Corp. | 0.10% | 3,036 | $159K | No change |
| XEL Xcel Energy Inc. | 0.09% | 1,899 | $152K | No change |
| FBAK First National Bank Alaska | 0.09% | 460 | $150K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.08% | 1,595 | $131K | No change |
| VDC Vanguard Consumer Staple ETF | 0.07% | 490 | $113K | No change |
| BG Bunge Ltd. | 0.06% | 1,032 | $108K | New |
| UNH Unitedhealth Group Inc. | 0.06% | 256 | $106K | Add +2.8% |
| DKS Dick's Sporting Goods Inc. | 0.06% | 507 | $101K | No change |
| NVDA Nvidia Corp. | 0.06% | 497 | $99K | Add +16.1% |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 400 | $96K | No change |
| KMB Kimberly-Clark Corp. | 0.06% | 854 | $94K | No change |
| VOO Vanguard S&P 500 ETF | 0.05% | 133 | $91K | No change |
| CVS CVS Health Corp. | 0.05% | 800 | $84K | No change |
| V Visa Inc. Class A | 0.05% | 243 | $83K | Add +6.1% |
| LUV Southwest Airlines Co. | 0.05% | 1,500 | $77K | No change |
| CP Canadian Pac Railway | 0.04% | 864 | $75K | No change |
| MCD McDonald's Corp. | 0.04% | 251 | $68K | Reduce -6.3% |
| DUK Duke Energy Corp. | 0.04% | 500 | $63K | No change |
| CFR Cullen/Frost Bankers Inc. | 0.04% | 397 | $61K | No change |
| AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO | 0.03% | 1,097 | $58K | No change |
| MINT PIMCO Enhanced Short Maturit | 0.03% | 541 | $55K | No change |
| EXEL Exelixis Inc. | 0.03% | 1,000 | $54K | No change |
| VPL Vanguard Ftse Pacific ETF | 0.03% | 464 | $51K | Reduce -96.8% |
| MSI Motorola Solutions Inc. | 0.03% | 119 | $49K | Add +1.7% |
| MDLZ Mondelez International Inc. Class A | 0.03% | 825 | $48K | No change |
| VRT Vertiv Holdings Co. Class A | 0.03% | 142 | $48K | No change |
| KMI Kinder Morgan Inc. | 0.03% | 1,500 | $47K | No change |
| PBT Permian Basin Royalty Trust | 0.03% | 1,850 | $46K | No change |
| VEA Vanguard Ftse Developed ETF | 0.03% | 646 | $46K | No change |
| IP International Paper Co. | 0.03% | 1,000 | $43K | No change |
| EROK Eaglerock Land LLC Class A | 0.03% | 2,000 | $43K | New |
| TXN Texas Instruments Inc. | 0.02% | 128 | $38K | Add +0.8% |
| EMOP AB Emrg MRKT Opportuniti ETF filed as AB ACTIVE ETFS INC | 0.02% | 713 | $37K | New |
| BN Brookfield Asset Mgmt Inc. filed as BP PLC-SPONS ADR | 0.02% | 797 | $36K | No change |
| AVGO Broadcom Inc. | 0.02% | 85 | $32K | Add +21.4% |
| WMT Walmart Inc. | 0.02% | 272 | $31K | Add +4.2% |
Portfolio Sells Q1 2026 → Q2 2026
| MTDR Matador Resources Co. | Reduce -1.1% | 9.66% | −2.92 |
| PEP Pepsico Inc. | Reduce -43.9% | 0.78% | −0.83 |
| VPL Vanguard Ftse Pacific ETF | Reduce -96.8% | 0.03% | −0.81 |
| ORCL Oracle Corp. | Reduce -2.3% | 2.42% | −0.24 |
| DORM Dorman Products Inc. | Reduce -34.7% | 1.04% | −0.21 |
| DVN Devon Energy Corp. | Reduce -27.6% | 0.92% | −0.20 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.18 |
| XOM Exxon Mobil Corp. | Reduce -0.7% | 1.84% | −0.12 |
| COP Conocophillips | Reduce -1.7% | 0.84% | −0.11 |
| BG Bunge Global SA | Sold out | 0.00% | −0.08 |
| SCHO Schwab Short-Term US Treas | Reduce -5.8% | 0.64% | −0.04 |
| O Realty Income Corp. | Reduce -9.7% | 0.18% | −0.02 |
| WMB Williams Cos Inc. | Reduce -3.9% | 0.60% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.01 |
| MCD McDonald's Corp. | Reduce -6.3% | 0.04% | −0.01 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.01 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.00 |
| ROST Ross Stores Inc. | Reduce -2.9% | 2.72% | −0.00 |
| FWONK Liberty Media Corp.-Liberty-C | Sold out | 0.00% | −0.00 |
| JPMB JPMorgan Usd Emerging Market | Sold out | 0.00% | −0.00 |
| EW Edwards Lifesciences Corp. | Reduce -94.3% | 0.00% | −0.00 |
| SKYWORKS SOLUTIONS INC (SWKS 1.8 06/01/26) | Sold out | 0.00% | −0.00 |
| HDUS Hartford Discip Eqty ETF | Sold out | 0.00% | −0.00 |
| AIG American International Group | Reduce -1.0% | 1.82% | −0.00 |
| JEPQ JPM Nasdaq Equity Premium | Sold out | 0.00% | −0.00 |
| PLD Prologis Inc. | Reduce -58.8% | 0.00% | −0.00 |
| TTEK Tetra Tech Inc. | Sold out | 0.00% | −0.00 |
| DD Dupont DE Nemours Inc. | Reduce -0.8% | 0.00% | 0.00 |
| TIGO Millicom Intl Cellular S.A. | Sold out | 0.00% | 0.00 |
| ABT Abbott Laboratories | Reduce -1.3% | 1.71% | +0.00 |
| LMT Lockheed Martin Corp. | Reduce -0.5% | 0.28% | +0.01 |
| DG Dollar General Corp. | Reduce -1.4% | 0.99% | +0.01 |
| UL Unilever PLC | Reduce -0.4% | 0.17% | +0.02 |
| SSB Southstate Bank Corp. | Reduce -1.4% | 0.50% | +0.03 |
| SCHW Schwab (charles) Corp. | Reduce -1.6% | 1.05% | +0.03 |
| WFC Wells Fargo & Co. | Reduce -1.1% | 1.53% | +0.04 |
| ADP Automatic Data Processing | Reduce -0.5% | 0.31% | +0.05 |
| FFIN First Finl Bankshares Inc. | Reduce -0.1% | 0.51% | +0.06 |
| KO The Coca-Cola Co. | Reduce -1.4% | 1.03% | +0.07 |
| APH Amphenol Corp. Class A | Reduce -3.3% | 0.29% | +0.08 |
| GD General Dynamics Corp. | Reduce -1.1% | 3.06% | +0.14 |
| JNJ Johnson & Johnson | Reduce -0.2% | 1.96% | +0.14 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.1% | 2.04% | +0.19 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 6.46% | +0.33 |
| MSFT Microsoft Corp. | Reduce -1.4% | 7.82% | +0.37 |
| GS Goldman Sachs Group Inc. | Reduce -1.5% | 2.94% | +0.38 |
| GOLF Acushnet Holdings Corp. | Reduce -90.2% | 2.62% | +0.38 |
| AYI Acuity Inc. | Reduce -1.3% | 1.89% | +0.40 |
| AAPL Apple Inc. | Reduce -1.9% | 9.53% | +1.32 |
Portfolio Buys Q1 2026 → Q2 2026
| LLY Eli Lilly & Co. | Add +0.0% | 1.85% | +0.35 |
| BERKSHIRE HATHAWAY INC | Add +0.8% | 4.77% | +0.29 |
| AMRZ Amrize Ltd. | Add +19.3% | 1.82% | +0.19 |
| VXUS Vanguard Total Intl Stock | Add +1.1% | 0.87% | +0.09 |
| CSCO Cisco Systems Inc. | Add +0.3% | 0.46% | +0.09 |
| VGK Vanguard Ftse Europe ETF | Add +1.4% | 0.89% | +0.07 |
| BG Bunge Ltd. | New | 0.06% | +0.06 |
| RTX RTX Corp. | Add +0.5% | 0.35% | +0.06 |
| AMZN Amazon.com Inc. | Add +0.5% | 1.01% | +0.06 |
| EROK Eaglerock Land LLC Class A | New | 0.03% | +0.03 |
| UNH Unitedhealth Group Inc. | Add +2.8% | 0.06% | +0.02 |
| EMOP AB Emrg MRKT Opportuniti ETF | New | 0.02% | +0.02 |
| PG The Procter & Gamble Co. | Add +4.5% | 0.60% | +0.02 |
| NVDA Nvidia Corp. | Add +16.1% | 0.06% | +0.01 |
| MU Micron Technology Inc. | Add +5.6% | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +6.1% | 0.05% | +0.01 |
| TXN Texas Instruments Inc. | Add +0.8% | 0.02% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | New | 0.01% | +0.01 |
| AVGO Broadcom Inc. | Add +21.4% | 0.02% | +0.01 |
| AMAT Applied Materials Inc. | Add +116.7% | 0.01% | +0.00 |
| ETN Eaton Corporation | Add +14.6% | 0.01% | +0.00 |
| LLYVK Liberty Media Corp.-Liberty-C | Add +3250.0% | 0.00% | +0.00 |
| GEV GE Vernova Inc. | Add +100.0% | 0.00% | +0.00 |
| CSX CSX Corp. | Add +18.8% | 0.01% | +0.00 |
| BAC Bank of America Corp. | New | 0.00% | +0.00 |
| PGR Progressive Corp. | Add +11.0% | 0.01% | +0.00 |
| VRTX Vertex Pharmaceuticals Inc. | Add +10.3% | 0.01% | +0.00 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.00% | +0.00 |
| DIS The Walt Disney Co. | New | 0.00% | +0.00 |
| HD Home Depot Inc. | New | 0.00% | +0.00 |
| URI United Rentals Inc. | Add +33.3% | 0.00% | +0.00 |
| AEP American Electric Power | New | 0.00% | +0.00 |
| MRK Merck & Co Inc | New | 0.00% | +0.00 |
| LIN Linde PLC | Add +15.8% | 0.01% | +0.00 |
| STX Seagate Technology Holdings | New | 0.00% | +0.00 |
| NXPI NXP Semiconductors NV | New | 0.00% | +0.00 |
| DE Deere & Co. | New | 0.00% | +0.00 |
| CTVA Corteva Inc. | New | 0.00% | +0.00 |
| SPGI S&P Global Inc. | New | 0.00% | +0.00 |
| INTC Intel Corp. | New | 0.00% | +0.00 |
| IQV Iqvia Holdings Inc. | New | 0.00% | +0.00 |
| MNST Monster Beverage Corp. | New | 0.00% | +0.00 |
| SYK Stryker Corp. | New | 0.00% | +0.00 |
| TJX TJX Companies Inc. | New | 0.00% | +0.00 |
| COF Capital One Financial Corp. | New | 0.00% | +0.00 |
| TMUS T-Mobile US Inc. | New | 0.00% | +0.00 |
| VLTO Veralto Corp. | New | 0.00% | +0.00 |
| HXL Hexcel Corp. | New | 0.00% | +0.00 |
| MRSH Marsh & McLennan Cos | New | 0.00% | +0.00 |
| WAT Waters Corp. | New | 0.00% | +0.00 |
Notes & Other Activity Q1 2026 → Q2 2026
| HARTFORD INSUR GRP INC/T (HIG 6 PERP G) | Common Stock | Sold out | 13 | $2Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 221 | $167.2M | MTDR, AAPL, MSFT, GOOG, BERKSHIRE HATHAWAY INC |
| Q1 2026 | 191 | $167.3M | MTDR, AAPL, MSFT, GOOG, BERKSHIRE HATHAWAY INC |
| Q4 2025 | 189 | $162.6M | MSFT, AAPL, MTDR, GOOG, BERKSHIRE HATHAWAY INC |
| Q3 2025 | 159 | $152.3M | MTDR, AAPL, ORCL, MSFT, BERKSHIRE HATHAWAY INC |
| Q2 2025 | 160 | $152.9M | MSFT, MTDR, AAPL, BERKSHIRE HATHAWAY INC, ORCL |
| Q1 2025 | 163 | $144.0M | MTDR, AAPL, MSFT, BERKSHIRE HATHAWAY INC, GOOG |
| Q4 2024 | 148 | $78.9M | MTDR, AAPL, MSFT, BERKSHIRE HATHAWAY INC, ORCL |
| Q3 2024 | 146 | $85.6M | AAPL, MTDR, MSFT, BERKSHIRE HATHAWAY INC, ORCL |
| Q2 2024 | 153 | $75.7M | MTDR, AAPL, MSFT, BERKSHIRE HATHAWAY INC, GOOG |
| Q1 2024 | 156 | $74.6M | MTDR, AAPL, MSFT, BERKSHIRE HATHAWAY INC, ORCL |