Lummis Asset Management, LP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Lummis Asset Management, LP reported 153 stock positions worth $75.7 million. Its top holding was Matador Resources (MTDR) at 12.1% of the portfolio, followed by Apple (AAPL, 10.9%) and Microsoft (MSFT, 7.8%). Compared with Q1 2024, it opened 2 new positions, sold out of 5, added to 24 and reduced 10. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale Matador Resources (MTDR, shares −0%).

Most Recent 13F
Q2 2026
Location
FORT WORTH, TX
CIK
0002011652
Portfolio Value
$75.7M (Q2 2024)
SEC Filing
0002011652-24-000003 ↗ filed Aug 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $74.6M Q1 2024 Q2 2024: $75.7M $75.7M Q2 2024 Q3 2024: $85.6M Q3 2024 Q4 2024: $78.9M Q4 2024 Q1 2025: $144.0M Q1 2025 Q2 2025: $152.9M Q2 2025 Q3 2025: $152.3M Q3 2025 Q4 2025: $162.6M Q4 2025 Q1 2026: $167.3M Q1 2026 Q2 2026: $167.2M Q2 2026

Holdings 153 stocks · $75.7M
MTDR Matador Resources Co. 12.06% 153,209 $9.1M Reduce -0.1%
AAPL Apple Inc. 10.87% 39,071 $8.2M Add +0.9%
MSFT Microsoft Corp. 7.82% 13,247 $5.9M Add +0.7%
BERKSHIRE HATHAWAY INC 4.79% 8,912 $3.6M Add +1.3%
GOOG Alphabet Inc. Class C 4.59% 18,959 $3.5M Add +0.4%
ORCL Oracle Corp. 4.43% 23,745 $3.4M Reduce -0.3%
AMT American Tower Corp. 3.08% 12,012 $2.3M No change
GD General Dynamics Corp. 2.99% 7,817 $2.3M Add +0.2%
AIG American International Group 2.92% 29,812 $2.2M Reduce -0.2%
ROST Ross Stores Inc. 2.77% 14,434 $2.1M Add +0.3%
GOLF Acushnet Holdings Corp. 2.59% 30,923 $2.0M Reduce -0.9%
PEP Pepsico Inc. 2.49% 11,442 $1.9M Add +0.7%
SCHO Schwab Short-Term US Treas 2.38% 37,479 $1.8M Add +1.1%
GS Goldman Sachs Group Inc. 2.37% 3,963 $1.8M Reduce -0.4%
TMO Thermo Fisher Scientific Inc. 2.21% 3,030 $1.7M Add +1.2%
WFC Wells Fargo & Co. 2.19% 27,878 $1.7M No change
AYI Acuity Inc. 2.16% 6,765 $1.6M Add +0.6%
ABT Abbott Laboratories 1.92% 14,025 $1.5M Add +2.0%
DVN Devon Energy Corp. 1.88% 30,055 $1.4M Add +1.0%
DG Dollar General Corp. 1.64% 9,419 $1.2M Add +1.2%
MIDD Middleby Corp. 1.42% 8,784 $1.1M Add +0.6%
GTX Garrett Motion Inc. 1.33% 117,448 $1.0M No change
AMZN Amazon.com Inc. 1.29% 5,041 $974K No change
KO The Coca-Cola Co. 1.25% 14,855 $946K Add +1.1%
JNJ Johnson & Johnson 1.21% 6,255 $914K Reduce -0.6%
VGK Vanguard Ftse Europe ETF 1.20% 13,574 $906K No change
SCHW Schwab (charles) Corp. 1.17% 12,052 $888K Add +1.0%
XOM Exxon Mobil Corp. 1.17% 7,688 $885K Add +5.5%
ASO Academy Sports & Outdoors Inc. 1.16% 16,484 $878K No change
VXUS Vanguard Total Intl Stock 1.02% 12,814 $773K No change
TFPM Triple Flag Precious Met 0.98% 47,887 $742K Add +1756.8%
GOOGL Alphabet Inc. Class A 0.82% 3,414 $622K No change
WMB Williams Cos Inc. 0.79% 14,143 $601K No change
SSB Southstate Bank Corp. 0.67% 6,658 $509K Add +1.1%
COP Conocophillips 0.64% 4,214 $482K No change
VTI VG Morningstar TS MKT ETF-US 0.57% 1,626 $435K No change
FFIN First Finl Bankshares Inc. 0.49% 12,465 $368K No change
O Realty Income Corp. 0.38% 5,457 $288K No change
XEL Xcel Energy Inc. 0.35% 4,949 $264K Add +50.8%
APH Amphenol Corp. Class A 0.30% 3,393 $229K Reduce -2.1%
NUV Nuveen Municipal Value 0.25% 22,000 $190K No change
BSV Vanguard Short-Term Bond ETF 0.25% 2,460 $189K No change
CET Central Securities Corp. 0.18% 3,036 $134K No change
BN Brookfield Corp. 0.18% 3,211 $133K No change
ATO Atmos Energy Corp. 0.17% 1,128 $132K Add +50.0%
SHY iShares 1-3 Year Treasury Bo 0.17% 1,595 $130K No change
ADP Automatic Data Processing 0.16% 499 $119K Reduce -0.4%
GLD SPDR Gold Shares 0.15% 521 $112K No change
MCD McDonald's Corp. 0.10% 302 $77K No change
ET Energy Transfer LP 0.09% 4,070 $66K No change
EPD Enterprise Products Partners 0.08% 2,151 $62K No change
V Visa Inc. Class A 0.08% 227 $60K No change
FDS Factset Research Systems Inc. 0.08% 140 $57K No change
KMB Kimberly-Clark Corp. 0.07% 400 $55K No change
MINT PIMCO Enhanced Short Maturit 0.07% 541 $54K Add +101.1%
MDLZ Mondelez International Inc. Class A 0.07% 825 $54K No change
DUK Duke Energy Corp. 0.07% 500 $50K No change
NVDA Nvidia Corp. 0.07% 400 $49K No change
PG The Procter & Gamble Co. 0.06% 293 $48K No change
MSI Motorola Solutions Inc. 0.06% 117 $45K No change
LUV Southwest Airlines Co. 0.06% 1,500 $43K No change
CFR Cullen/Frost Bankers Inc. 0.05% 397 $40K No change
BSM Black Stone Minerals LP 0.05% 2,415 $38K No change
JPM JPMorgan Chase & Co. 0.05% 182 $37K No change
TPG TPG Inc. 0.04% 758 $31K No change
BN Brookfield Asset Mgmt Inc. 0.04% 797 $30K No change
META Meta Platforms Inc. Class A 0.04% 57 $29K No change
ADSK Autodesk Inc. 0.04% 111 $27K No change
ACN Accenture PLC Class A 0.03% 87 $26K No change
TXN Texas Instruments Inc. 0.03% 127 $25K No change
UNH Unitedhealth Group Inc. 0.03% 46 $23K No change
HHH Howard Hughes Holdings Inc. 0.03% 340 $22K Reduce -62.2%
PSX Phillips 66 0.03% 150 $21K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 532 $21K Add +15.4%
PBT Permian Basin Royalty Trust 0.03% 1,850 $21K Add +50.0%
APA Apa Corp. 0.03% 700 $21K No change
CVX Chevron Corp. 0.03% 127 $20K No change
FISV Fiserv Inc. 0.03% 129 $19K Reduce -3.7%
IDXX Idexx Laboratories Inc. 0.02% 35 $17K No change
MDT Medtronic PLC 0.02% 213 $17K No change
SRUUF Sprott Physical Uranium TR 0.02% 900 $17K No change
WMT Walmart Inc. 0.02% 234 $16K No change
PGR Progressive Corp. 0.02% 73 $15K No change
ETN Eaton Corporation 0.02% 48 $15K No change
AZO AutoZone Inc. 0.02% 5 $15K No change
DHR Danaher Corp. 0.02% 59 $15K No change
HD Home Depot Inc. 0.02% 41 $14K No change
VRTX Vertex Pharmaceuticals Inc. 0.02% 29 $14K No change
AON PLC filed as AON Corporation 0.02% 43 $13K No change
CTSH Cognizant Tech Solutions-A 0.02% 180 $12K No change
BND Vanguard Total Bond Market 0.02% 169 $12K No change
BKNG Booking Holdings Inc. 0.02% 3 $12K No change
AVGO Broadcom Inc. 0.01% 7 $11K No change
ELV Elevance Health Inc. 0.01% 18 $10K No change
VRT Vertiv Holdings Co. Class A 0.01% 112 $10K No change
RTX RTX Corp. 0.01% 92 $9K No change
NSRGY Nestle SA-Spons ADR 0.01% 87 $9K No change
COST Costco Wholesale Corp. 0.01% 10 $9K No change
QCOM Qualcomm Inc. 0.01% 42 $8K New
LIN Linde PLC 0.01% 19 $8K No change
NXPI NXP Semiconductors NV 0.01% 30 $8K No change
CSX CSX Corp. 0.01% 229 $8K No change
EOG EOG Resources Inc. 0.01% 58 $7K No change
VOO Vanguard S&P 500 ETF 0.01% 14 $7K No change
ZTS Zoetis Inc. 0.01% 40 $7K No change
MRK Merck & Co Inc 0.01% 49 $6K No change
URNM Sprott Uranium Miners ETF 0.01% 111 $5K No change
LLY Eli Lilly & Co. 0.01% 6 $5K No change
REGN Regeneron Pharmaceuticals 0.01% 5 $5K No change
ADBE Adobe Inc. 0.01% 9 $5K No change
CCJ Cameco Corp. 0.01% 100 $5K No change
EW Edwards Lifesciences Corp. 0.01% 53 $5K No change
OTIS Otis Worldwide Corp. 0.01% 50 $5K No change
RRX Regal Rexnord Corp. 0.01% 35 $5K No change
NKE Nike Inc. Class B 0.01% 62 $5K No change
STEL Stellar Bancorp Inc. 0.01% 200 $5K No change
NEE Nextera Energy Inc. 0.01% 61 $4K No change
FWONK Liberty Media Corp.-Liberty-C 0.01% 58 $4K No change
CRM Salesforce Inc. 0.00% 14 $4K No change
ABBV Abbvie Inc. 0.00% 20 $3K No change
SWN Southwestern Energy Co. 0.00% 500 $3K No change
ORLY O'reilly Automotive Inc. 0.00% 3 $3K No change
LUNMF Lundin Mining Corp. 0.00% 280 $3K No change
VFH Vanguard Financials ETF 0.00% 31 $3K No change
URA Global X Uranium ETF 0.00% 100 $3K No change
PAYX Paychex Inc. 0.00% 22 $3K No change
PLD Prologis Inc. 0.00% 21 $2K No change
PM Philip Morris International 0.00% 23 $2K No change
ICE Intercontinental Exchange Inc. filed as Intrcontinentalexchange 0.00% 15 $2K No change
URI United Rentals Inc. 0.00% 3 $2K No change
ALGN Align Technology Inc. 0.00% 8 $2K No change
GE General Electric Company 0.00% 12 $2K No change
LMT Lockheed Martin Corp. 0.00% 4 $2K No change
VLTO Veralto Corp. 0.00% 19 $2K No change
MA Mastercard Inc. Class A 0.00% 4 $2K No change
MRSH Marsh & McLennan Cos 0.00% 8 $2K No change
VWO Vanguard Ftse Emerging Marke 0.00% 37 $2K No change
FECCF Frontera Energy Corp. 0.00% 266 $2K No change
SIX Six Flags Entertainment Corp. 0.00% 42 $1K No change
IR Ingersoll-Rand Inc. 0.00% 15 $1K No change
TCEHY Tencent Holdings Ltd.-Uns ADR 0.00% 28 $1K No change
HON Honeywell International Inc. 0.00% 5 $1K No change
NERD Roundhill Video Games ETF 0.00% 65 $1K No change
CBOE Cboe Global Markets Inc. 0.00% 6 $1K No change
KDP Keurig Dr Pepper Inc. 0.00% 29 $969 No change
UAL United Airlines Holdings Inc. 0.00% 18 $876 No change
NOC Northrop Grumman Corp. 0.00% 2 $872 No change
CME Cme Group Inc. 0.00% 3 $590 No change
ARKK ARK Innovation ETF 0.00% 13 $571 No change
GEV GE Vernova Inc. 0.00% 3 $515 New
GEHC GE Healthcare Technology 0.00% 4 $312 No change
RUN Sunrun Inc. 0.00% 26 $308 No change
LLYVK Liberty Media Corp.-Liberty-C 0.00% 2 $77 No change

Portfolio Sells Q1 2024 → Q2 2024
MTDR Matador Resources Co. Reduce -0.1% 12.06% −1.67
AIG American International Group Reduce -0.2% 2.92% −0.21
GOLF Acushnet Holdings Corp. Reduce -0.9% 2.59% −0.17
JNJ Johnson & Johnson Reduce -0.6% 1.21% −0.13
ALL Allstate Corp. Sold out 0.00% −0.09
HHH Howard Hughes Holdings Inc. Reduce -62.2% 0.03% −0.06
PXD Pioneer Natural Resources Co. Sold out 0.00% −0.04
ADP Automatic Data Processing Reduce -0.4% 0.16% −0.01
Qualcomm, Inc. Sold out 0.00% −0.01
DIS The Walt Disney Co. Sold out 0.00% −0.01
FISV Fiserv Inc. Reduce -3.7% 0.03% −0.00
MO Altria Group Sold out 0.00% −0.00
APH Amphenol Corp. Class A Reduce -2.1% 0.30% +0.03
GS Goldman Sachs Group Inc. Reduce -0.4% 2.37% +0.14
ORCL Oracle Corp. Reduce -0.3% 4.43% +0.42

Portfolio Buys Q1 2024 → Q2 2024
AAPL Apple Inc. Add +0.9% 10.87% +1.96
TFPM Triple Flag Precious Met Add +1756.8% 0.98% +0.93
GOOG Alphabet Inc. Class C Add +0.4% 4.59% +0.74
MSFT Microsoft Corp. Add +0.7% 7.82% +0.39
XEL Xcel Energy Inc. Add +50.8% 0.35% +0.11
ATO Atmos Energy Corp. Add +50.0% 0.17% +0.05
KO The Coca-Cola Co. Add +1.1% 1.25% +0.04
GD General Dynamics Corp. Add +0.2% 2.99% +0.04
MINT PIMCO Enhanced Short Maturit Add +101.1% 0.07% +0.04
XOM Exxon Mobil Corp. Add +5.5% 1.17% +0.03
SCHW Schwab (charles) Corp. Add +1.0% 1.17% +0.01
QCOM Qualcomm Inc. New 0.01% +0.01
PBT Permian Basin Royalty Trust Add +50.0% 0.03% +0.01
BAC Bank of America Corp. Add +15.4% 0.03% +0.00
GEV GE Vernova Inc. New 0.00% +0.00
SCHO Schwab Short-Term US Treas Add +1.1% 2.38% −0.01
ROST Ross Stores Inc. Add +0.3% 2.77% −0.06
SSB Southstate Bank Corp. Add +1.1% 0.67% −0.08
TMO Thermo Fisher Scientific Inc. Add +1.2% 2.21% −0.12
DVN Devon Energy Corp. Add +1.0% 1.88% −0.12
ABT Abbott Laboratories Add +2.0% 1.92% −0.17
BERKSHIRE HATHAWAY INC Add +1.3% 4.79% −0.17
PEP Pepsico Inc. Add +0.7% 2.49% −0.18
AYI Acuity Inc. Add +0.6% 2.16% −0.27
DG Dollar General Corp. Add +1.2% 1.64% −0.30
MIDD Middleby Corp. Add +0.6% 1.42% −0.46

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 221$167.2MMTDR, AAPL, MSFT, GOOG, BERKSHIRE HATHAWAY INC
Q1 2026 191$167.3MMTDR, AAPL, MSFT, GOOG, BERKSHIRE HATHAWAY INC
Q4 2025 189$162.6MMSFT, AAPL, MTDR, GOOG, BERKSHIRE HATHAWAY INC
Q3 2025 159$152.3MMTDR, AAPL, ORCL, MSFT, BERKSHIRE HATHAWAY INC
Q2 2025 160$152.9MMSFT, MTDR, AAPL, BERKSHIRE HATHAWAY INC, ORCL
Q1 2025 163$144.0MMTDR, AAPL, MSFT, BERKSHIRE HATHAWAY INC, GOOG
Q4 2024 148$78.9MMTDR, AAPL, MSFT, BERKSHIRE HATHAWAY INC, ORCL
Q3 2024 146$85.6MAAPL, MTDR, MSFT, BERKSHIRE HATHAWAY INC, ORCL
Q2 2024 153$75.7MMTDR, AAPL, MSFT, BERKSHIRE HATHAWAY INC, GOOG
Q1 2024 156$74.6MMTDR, AAPL, MSFT, BERKSHIRE HATHAWAY INC, ORCL